it's going to be interesting to see how this last hour of trading it's feast or famine horrific moves to the downside and really strong moves to the upside, only one person that i know they can take you to the next hour and luckily we have her. liz claman. liz: you putting too much on me. we have pain in claimant and the little blue bird for a second historic day thinking elon musk nottingham as a boardmember. we will show the stocks and what it's doing the final hour of trade in the latest poll to his followers pretty massive change ahead with the social media giant this is interesting amazon is using elon musk to scratch under destruction to launch a rivalry amazon to basics

sterling satellite companies to deliver broadband for underserved around the world former astronaut is suited off and ready for liftoff we will ask about the challenges jeff bezos faces in the star wars episode. it is amazon and bezos rocket company blue origin. the two wrapped up together. the atrocity on the ground in ukraine reveals as president volodymyr zelenskyy prepares to take the united nations security council regression board cybersecurity expert was here to react into ~ if now is the right time for america to scale back or go all in on the cyber offenses. on wall street we have markets closing as lael brainard says the central bank could chop away at the 9 trillion-dollar balance sheet at a rapid pace. the major average all in the red with the two day winning streak.

breaking news to the newest major shareholder and giving them a seat at the board table not enough at this hour to push twitter shares to the annual high the minute the news hit all around twitter agitator elon musk the nine-point to percent social media the stock has 2.8% gain at the moment in yesterday's 27% gain has seen the biggest to date again in history. in traditional elon musk fashion is taken no time to become the twitters china shop that the plan of twitter users by the latest poll do you want a button and then he gives two options yes or 0 in. why the poll got 59000 replies, so far five hours left to stay

life the best one might be this from twitter ceo who said the consequences are important. basically slightly trolling elon musk who said the same thing about whether twitter voters on a recent poll thought free speech was free on twitter. in case you're interested 73% so far have voted yes for an edit button. but as musk takes on twitter for a different and familiar competitor they are taking on elon musk. amazon.two half% at the moment after announcing it is moving to what is called project kuiper the plan is to launch 3000 satellites to be the internet conductivity broadband conductivity across the planet particularly to the underserved people around the world this directly would compete with spacex sterling satellite which

is facing additional hurdles of a foreign government we have france's highest ministry to court reversing a french regulators approval that granted frequency bands to the satellite constellation so i can serve french users overlooking government officials saying you did not give it enough time for public comment. in the meantime amazon is calling project one of the biggest deals ever contracts for 83 launches with three different rocket companies including jeff bezos blue origin, the plan is to launch two satellites by the sheer, can he be elon musk spacex even though they're coming in from behind i want to bring in andrew chen the ceo of per curiam that launch the first atf ticker symbol efl in the astronaut hall of fame inductee tom jones. tom you had your share of spacewalks and launches and

efforts into space, do you think it's a possibility for amazon to catch up that quickly and launch in the fourth quarter of this year what kind of infrastructure do you need to get this going? >> there is room for amazon to catch up but the launching capacity is there with elon musk alliance and blue origin and hour behind schedule i think you'll start flying by the end of this year launchpad 0 the kennedy space central and capecanaveral i think the new launchers argued to be the wave of new opportunities in one or two of them will come through. >> andrew this has got to have you excited, it shows the private sector is all in on competing when it comes to doing things in space this has to be

important for the long-term future but tell me how you view this knowing that amazon has amazon workspace and aws and blue origin not behind it but partnerships that has boeing together helping. >> were thrilled to see a deal the size is not a surprise that this would be announced but is exciting to see the diversification of providers that are being used this massive project like you said the launch alliance which are companies and ufos and you look at aryan space, there are numerous owners of that in ufo holdings airbus and out of italy this is benefiting many companies not just the one that you saw on paper it is also potentially

going to put a constriction on the supply out there from launch companies into has an effect that other companies may need to look to other providers like rocket lab that can benefit those companies as well. liz: absolutely we should take a look star stock that is in the ufo. talk about what you know, you cannot just launch satellite companies, you need to test rockets and work on the functioning of the replanning of all of this this leads me too believe jeff bezos doesn't do anything halfway he's probably been working on this for quite some time. >> right to launch 10000 satellites over the next decade or so into minutes a constellation m user something that you can hold in your hands and received the signal on the ground the big? is the rockets he would like to launch 100 at a time we have not

seen the first launch in the generation we would like to see those in the next couple of years at the latest because of the need for space force and nasa science and some of the rockets from the alliance the bullpen will take the place of the stand by which provide supply to the national space station. we need these rockets to come online and i think amazon is betting the other users will help pull us along and create the launch rate to establish a constellation. liz: just a follow-up on that don't you need on the ground infrastructure, you are talking about going to cape canaveral, you are dealing with nasa i followed tesla in spacex since 2005 - 2006 were elon was working for years trying to convince nasa to give him a shot this takes quite some time, doesn't not.

>> true the blue origin has a launchpad and cape canaveral in the europeans in the space company just lost their soul supplier in russia so they have extra capacity. also do you l.a. deva patted cape canaveral that the use for launching and as it phases out the other one will phase in some of these are there and you have an established tracking range safety establishment. and for structure is not a problem. liz: andrew, as you look at the future of these names and ufo has been the first to put them all together i has not done stellar so to speak but were up about 7% this month but over the past year or so we can look at the chart when the kickoff and a more meaningful way.

andrew? liz: i think we lost his microphone. we will end on a positive note 7% with just a few days into april we will be watching it all. thank you very much for joining us the stock market alert is struggling for altitude on a couple of issues china issued a warning against the hypersonic weapons between the u.s., united kingdom and australia things may lead other parts of the world to crises like ukraine should be avoided. the dow and the nasdaq and s&p they are all down the dow is down to 15 in the nasdaq has erased all of yesterday's 270 points of gains we are down 310 the s&p down to 48 down 10% the transport is done 270 points.

we need to show you after an emotional security council meeting focusing on alleged atrocities in ukraine there are developments bottom zelenskyy made a video appearance before the security council which includes russia and china demanding more from that russia be punished for war crimes. zelenskyy speech comes on the yield of images emerging tortured bodies of ukrainians and civilians execution pinned on russian soldiers after a volatile regular session will look at west texas intermediate in the global benchmark they are down 2% in aftermarket in 1.5% at the european union fresh sanction but to member nations in the last few hours. by the way after the un security council only included a band on russian coal imports not a ban on russian oil or natural gas. with china's the rest of the

allies out of ukraine and now we have the fed let's take it to the floor show clear bridge investments, 208 billion in asset management. this afternoon reporting to the russian state the defense ministry says its forces will liberate mariupol from ukrainian nationalist, clearly he was right this is far from over what is the message the markets are sending at this hour? >> market is not sure either i think the markets are net up since he ukraine war started. i don't think anybody knows what's going to happen even put an invited but what you're dealing with is someone who is a tyrant and not 100% mentally there, you never know i think that is the scary part usually the scary part about the market is pricing will go away very

quietly including the supply chain issues that are ready that are unavoidable given the trouble and the damage in the lockdowns that occurred in ukraine and russia. liz: we are looking at the european union that is still habitually disinclined to back off and wean itself from natural gas that comes from russia. what does that mean for u.s. investments at the moment. >> we seen this play out before the ukraine russia situation came into play, the oil market in the natural gas market are signaling from a price perspective that we need more supply on the market with its crude oil or natural gas we need 50 - 60 about hundred dollars a barrel on the futures market to ensure an increase in drilling activity and right now it's it's around 90. on natural gas you need to do this and 50 cents to $3 to see

increasing drilling activity. what we've seen over the last year is a pretty healthy increase in the number of rigs drilling for oil and natural gas. in the recount itself is an indicator for what production trends will be in the next 3 - 6 months. i think it's important to note the number of rigs being added in the u.s. is accelerating we saw 46 rigs added in the third quarter of last year, 58 in the fourth quarter, 87 in the first quarter of 2022 and this comes on the hills of all the public company producers stating that they would not readily increase capital spending we talked about the increased rigs drilling that i've seen over the course of my career this is not the first time we heard oil and gas cavities talk about capital discipline but if the returns are there the capital is going to follow and by that might be private capital and small copy capital and large capital but it

is increasing and going forward which will be the benefit of the producers themselves and also the benefit of the companies that are involved in the transportation processing storage of oil and natural gas. >> either way exxon mobil a shining light on the big oil names we have to letter viewers no exxon mobil said the recent price spike in oil and gas can certainly help it adds $2.3 billion to exxon bottom line profit. i want to get your comment on lael brainard she is the federal reserve governor and she said we have to draw down the balance sheet at the fed which ballooned during coping to the unbelievable height 9 trillion, pretty much right away. you know we have jamie dimon saying in his letter that they are going to start hiking rates

at a faster pace and way longer, where you stand on that. >> i agree when will the fed get our gear there was a 25 basis point hike but qe is continue represents and they are raising rates by growing the balance sheet their conflicting themselves there's not been any real action taken. liz: were gonna get cut off by a commercial break we are at session list for the nasdaq, thanks so much for joining us, much more straight ahead we are coming right back the dow at 254 and nasdaq lower by 327. ♪ how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest.

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liz: breaking news former president barack obama making his first appearance at the white house is moving out in 2017 just over an hour ago the former president joined president joe biden to announce new expansion to the signature affordable care act. insurers are moving higher this get to edward lawrence at the white house to find out what was said. >> the biden administration hoping for the obama bump joe biden invited barack obama to the white house to commemorate the day that he signed the affordable care act into law and

administration is using this to propose a fix to the affordable care act that would allow 1 million people who get health insurance to a family member's work to be eligible for themselves to receive financial assistance obamacare bars people in the household with the spending goes to healthcare to qualify for financial assistance administrative official telling us this would open 200,000 people to have health insurance for the first time former president obama said it needed to be filled in all the good things in obamacare. >> is more for prescription drug cost for 12 million seniors and young people to stay on the parents plan until the 26. a limited lifetime limits the put people in jail. >> the family fixed row has been put forward by the treasury department and irs it needs to

be finalized the rule would go into effect in reverse 2023 republicans are saying the proposed rule is smoking used to help the president with the more popular president. listen. >> the democrats are poised to take the slack and shocking in the midterm election they need a good news story. the only way they think they can get it is to bring obama back as the de facto leader in the white house. >> president obama president biden have lunch together as they had many times in the now president was then vice president. liz: edward lawrence from the white house, thank you cruise lines no long taken on. carnival with the historic numbers and they climb aboard for the post-pandemic party.

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him him him him. >> fox business alert it is smoother sailing for carnival cruise after the company reported the best week of company history shares getting a decent pop off the highs of the session 2% after the world's biggest cruise operator said the week of march 28 to april 3 shows a double-digit increase in booked trips compared to the prior week this jump is not the biggest after two years of pandemic pain with the entire cruise line industry carnival off 25% year-over-year we should look at norwegian, just a bit three quarters of 8% to the upside we have royal caribbean

down a quarter of 8%. exponential fitness 11% at this hour after the plans for a second offer on monday the chain known for the cycle bar and pilates classes and affiliates of snapdragon capital partners are set to sell four and half million shares. on monday shares closed at -- dry ipo price. general motors and honda are taking tesla to codevelop a small ev gm says the crossover could be available in the u.s.

by 2027, gm and honda lower we have gm done 4% and hundred and three and half% tesla has said in the past the plans to reduce a smaller less expensive ev sub 30000 but hasn't done that yet. elon musk said tesla 2022 boosted its output not developing the model. chip maker qualcomm down after j.p. morgan lowered the price target from $242,205 this morning qualcomm at $145 is down 5% jp cutting the company's earnings to 14 cents and analysts say they're concerned about the future smartphone market but they think qualcomm diversifies his business away from just smartphones. intel, amd and video are losing anywhere from 2 - 3 and five and a quarter percent. the u.s. with military and humanitarian aid is also protecting from cyberspace. russia founder of cybersecurity company crowd struck is here with the threat analysis are now revealed to the world. the closing bell just under 31 minutes away the dow flagging

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>> more sanctions against russia to be put in place. now we hear as early as tomorrow by the united states. some incoordination with the g-7 european union. the sanctions will include all new investments in russia, increased financial sanctions and more sanctions on russian government officials and their extended family for the u.s. treasury department has sanctioned in the past couple of hours a russian-based dark web market along with crypto currency exchange which operates out of russia. janet yellen issuing a warning to kirk's saying you cannot hide

on the darknet and you cannot hide in russia or were also in the world. sanctions taken all toll on vladimir putin for the oligarch the billionaire reportedly now baking is rich wall street in hollywood friends for $1 million after the global sanctions process assets, the new york post says he's in desperate need to pay the household staff in needs the money. as sanctions in some cases appear to be working the war is still full on. lawmakers on capitol hill focusing on cybersecurity today and hearings in the house and senate amid russian cyber threats we bring in former chief technology officer and silverado policy accelerator executive chair demetri, there are 70 pieces to this right now but i don't know how we don't start with the atrocities that it been

revealed out of bucha outside of kyiv and renewed sanctions but they are still killing people. >> they are and if you think bucha is bad you decide to wait for the pictures to come out of mariupol. yet very brutal people the dopey attention to convention and it'll lead to a soul in the city. we will see some of the atrocities coming out of the city it'll make bucha sleeping for the russians, to be horrible. liz: that will only put back vladimir putin into a tighter corner and he continues to fight because that's what route to record and continue to do. how do you think he will step up in the course we are having hearings of cybersecurity on capitol hill. do we need to be more proactive or defensive. >> absolutely months ago because

we have a serious threat and the key question what does president putin do if and when he loses his already suffered a humiliating defeat in the northeastern ukraine of kyiv now he has the battle moving all of his forces into. the ukrainians have substantial forces come up to 50000 or more flowing and that they don't have to defend kyiv. he loses that battle he has nothing to show for the operation except devastated russian economy that's when he becomes really dangerous and it's one of the ways he can respond. liz: economies lower than the state of texas. they have the weapon that they can use with the oil and natural gas which appears to at least for now give him a buffer zone because the european union will not wean itself off of that. joint chief chairman general

mark milley thinks the work will be measured in years, do you agree with that. >> i don't think there's likely to be peace settlements that zelenskyy and the ukraine people will accept we may end up best case scenario of frozen conflict and expansion of the last eight years since 2014 but on a much bigger scale. that's not good use for vladimir putin it suffers in the russian economy under the sanctions and the sanctions will get worse as we see more atrocities, we will see the europeans take action, the europeans will cut off most of that will surprise from russia over the next few months. they cannot cut off gas and they don't have enough replacements the oil that they can find additional supplies for will

move in that direction. liz: many people would've thought vladimir putin would've launched a cyber attack somewhere in the united states whether on the electrical grid, hospitals, banks, who knows what. the united nations says article five can be triggered attack on one of us is that attack on all of us it counts and holds equal weight to a military attack. you think that is why putin has yet to use that bullet. >> no certainly he launched an attack against the left many times over and from the justice department talking about their attempts to hack refineries in the united states in 2018 they were not successful but they tried in the past nato article five alone is an example in the kremlin pays attention to this they believe the sanctions are knocking to stay in place for many months they think americans

and europeans are weak and is soon as gas prices go up, they are high but if they go up any further that the biden administration will be politically weakened and there miscalculated the europeans and the americans on this but that's what they believe it is one of the reasons they haven't retaliated because it think the sanctions go away once they retreated. liz: what is the number one thing we should be doing on cyber security front right now as a country. >> you should be paying attention to the cybersecurity information security that we have that is running a campaign for political infrastructure in this country financial sector and energy sector in particular with the recommendations with information and what the russians have done in the past with the systems against those types of attacks. liz: always good to have your expertise. thank you very much. securities and exchange commission gary gensler offering a glimpse into his plan for regulating crypto currency in the platforms for which they trade. charlie brexit next. the company that was last ipo the last one before the.com

bubble burst and the guy who founded it lost everything. the ceo of international workplace. remember regis one of the companies under his virtual workplace umbrella, he joins me on this addition of everyone talks to liz podcast how we fought back after losing it all how he became a billionaire and has as much money of the queen of england literally when the whole bottom fell out. but he rebuilt and now he's bigger than better than ever with his company. you have to hear how we did it is so inspiring get on apple, google or spotify wherever you get your podcast. everyone talks to liz. the closing about 90 minutes away the dow is down 300 points, just under 300 points on the nasdaq. ♪ i'm covered for everything. which reminds me, thank you for driving me to the drugstore.

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liz: breaking news spirit airlines stock being halted on this headlight jet blue air is is offering to acquire spirit with $3.6 billion in the new york times is reporting this headlight to offer $33 in cash for spirit right now up 22% at the moment is still below the $26.92. jetblue is down 6.7%, they acquire jumps and that's how it's playing out right now but this is a fascinating development, jetblue wants to start up little guy wanting to swallow spirit airlines. we need to take a look at crypto at this hour we have a mixed picture bitcoin is falling but about $46000 according either

falling but at 3459 it is done very well over the past month or two following comments by security and exchange commission or area chancellor that most crypto currency fall under the category of unregistered securities, what is that going to mean for crypto, they have been given a regulatory pass by the fcc like bitcoin and ethereum, is he saying they're all like srp's. that's what he said he said the most of them that are operating i don't think he considers bitcoin by exar pi think he considers that but if you look at some of the stuff in the past we should point out he did not mentioned in the speech yesterday and he did not mentioned ethereum here the has a case you know. but all the signs point to ripple because he's continuing

the case sec against exar p and he clearly has said in the past he thinks is a great case to be mean that it's an unregistered security the same way that he wt after ripple with say this about gary gensler and weathers crypto or overflow are welcome policy for corporate boards time is running out to get this through this is how you know time is running out there's a reason why twitter put you on musk on the board today. liz: had to. >> i don't think he had to he filed a passive stake it did not have to the reason why they did it he agreed to go because they know what is coming in washington a few months. liz: they berated them. i think they are more worried republicans in congress are going to turn the heat up on

them and what a lot of people believe their alleged biased against conservatives which elon musk spoke a lot about how do you handgun off you put you on on the board and you have a working relationship with him and who can deal with republicans in congress. chancellor is gonna face the same stuff if he wants to bluster crypto in ethereum he is about eight months to do it once the republicans get in there he starts ratcheting up this agenda it's gonna be honesty and house financial services in the banking committee if they get the senate as well and the republicans just about every other day. there are two people in the administration when you talk to republicans in our talk about staffers and lobbyist you want to see steve come out of your ears when you talk about gary gensler and anthony fauci i'm not talking about factory today

were talking about chancellor they think he's taken the regulatory fcc way too far on all the issues crypto is something if you want to go after ethereum my guess yesterday - to the democrats outweighed the republicans but if he wants to do it without the senate banking committee in the house financial services committee he better do it over the next eight months. liz: look at the markets and always down 335. can i just say we should put the nasdaq up because it's down 2.5% russell looks just as ugly there both on the same amount. >> i don't think our viewers in the market appreciate inflation as much as they should we hasn't had massive inflation into new phenomena and we have had a fear response to in years when lael brainard who is considered the

vice chair of the fed she is considered more hawkish than powell you have got to guarantee a 50 basis point increase in may and many more after that. we have bad inflation when you have larry fink of blackrock, jamie dimon every major financial institution same rates are going up because of inflation you as an investor have to worry that will slow down the economy and corporate earnings in the riskiest assets get the worst one of the riskiest amc you know they keep being up amc but it's well often ties. liz: are you kidding me this is about food, gasoline or consumer items that people buy. >> we are talking to things that is one part of inflation, when the fed keeps interest rates at 0 for years and years and prints

money you create asset classes in the fed knows that they have investing money in the stocks that have no relative value. amc is losing money had 11 billion-dollar market cap which is part of the goldmine. adam aron i've a lot of respect for him is a good ceo but that does not mean it should trade wage trading in the fed knows that in those stocks go first. liz: lance the boil. lance the bubble. thank you very much. charlie gasparino. we are coming right back. ♪

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321. again off the lows of the session but still not a pretty day for the bulls. we need to look at oil for the moment. oil just dropped below $100 a barrel. this is important news obviously because we have been only seeing price spikes lately but this session has been incredibly volatile. if you were to look at the intraday, wti, west texas intermediate, up, down, all around, not huge jumps. but at the moment we have light sweet crude moving down 3% at just $100 and a few pennies here. at the moment let's talk about march madness finally over as kansas defeated north carolina in last night's national championship. our "countdown" closer he has stock pickses that will benefit your portfolio as the new rate hike cycle really begins. we've already had just a quarter of a point. he is kevin mahn. billion in assets over at henyon and walsh asset management.

kevin, give it to us. you have five names specifically. as we look at the names we have really strong dividends. is that all you're basing the names on? >> absolutely not. let me start i'm wearing my carolina blue tie, i'm disappointed my tarheels lost last night. aside from that, at smart trust, we did the research. we looked at the last four rate hike cycles, measuring from the three months before the first rate hike and three mans after the last rate hike. we found five sector historically performed best on average when interest rates rise. those sectors, technology, energy, utilities, industrials and financials. so how do we find those stocks within those sectors that we believe will perform best when rates rise? what we look for those names such as cisco with trailing 12 month yield at 2.% in the technology sector. even lockheed martin which will benefit from additional defense spending with a yield of 2.4%.

then of course financials stand to benefit as rates rise and they're spread business benefits and u.s. bancorp has a yield of 3.4%. positioning your portfolio to take advantage of rising interest rates regardless how high interest rates rise or over two increments stands to benefit investors well for the next two or three years, liz. liz: i want to articulate for people happen to be sitting in their cars sitting and listen on xm stir russ 113 can't see the screen, u.s. bancorp has no, 3.5% dividend. lockheed martin 2 1/2% dividend this is forward. cisco 2.7. williams, 5% dividend here. aep, 3%. listen you get paid no matter what the market is doing. we're very close to session lows here. the nasdaq has gotten crushed. when you compare it to the rest of the major indices. what do you compare this to?

is this lael brainard saying we have to draw down the balance sheet faster at the fed than we originally articulated? or what is going on in ukraine, sanctions, a longer term war we're going to be seeing? >> so much uncertainty for investors to grapple with right now. whether persistent record-setting levels of inflation. how ultimate the aggressive the fed will be. i don't think they will be as aggressive as rates as many think but will focus on the balance sheet reduction focus on the long end of the curve where the rate increases affect the shorter end of the church and geopolitical conflicts that continue to escalate in ukraine. for all those reasons investors would be wise to revisit their. reporter: foal to make sure diversification is in place to withstand short term volatility. liz: kevin, quickly, i have to ask, are you concerned we'll see a 50 basis-point hike at the next meeting, yes or no?

we got to go. >> i'm not concerned. i believe it will happen. liz: kevin is not concerned. everybody take a breath because he has a big asset under management there of five billion dollars. [closing bell rings] major averages snap a two-day winning streak closing near session lows with so much action while "the claman countdown" finishes up, larry kudlow picks it up right now with much more news ahead. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. last evening we had former russian chess grandmaster, human rights advocate garry kasparov. he was telling us there is no clear proof that a ukraine victory is part of president biden's agenda and garry made a important related point that a bunch of administration people see the ukraine war as a distraction from their ultraleft-wing domestic agenda. therefore this group could just

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