co put it best. you aren't able to just throw a blanket on a few sectors and make money in this sort of environment. you'll have to pick individual winners, know why you like them and maybe hold on because from time to time, they will be against you that's your homework , your assignment it's worth it. meanwhile the last hour of trading buckle up we're starting the trip a little bit, liz claman, over to you. liz: yeah, it's kind of a bad monday ahead of good friday, charles? charles: yeah. liz: you've got the s&p and the nasdaq dropping more than 1% apiece, oil prices sinking more deeply into the pit, treasury yields are jumping ahead of tomorrows inflation data which could set fed hawks on a rate hike and wait until you hear what the president of the chicago federal reserve just said and is it a relief rally for twitter shares after billionaire elon musk's about-face? yes we're going to show you how the stock is moving higher. he will not be joining the social media messaging app's board after all, this just a

week after becoming twitter's largest shareholder. speculation now abounds as to what musk's next move is and what w of it all charlie gasparino has been talking to some of the street's rainmakers revealing what the they are saying and speaking of billionaires, billionaire investor and milwaukee bucks co- owner mark lazrie made a bet during the covid-19 pandemic that sent his fortunes flying high and if you listened to him on this show back in september 2020 you'd be up 33%, but as fed stimulus goes down and interest rates go up, the ground is again shifting beneath wall street. what is the trade now in this new environment? mark lazry joins us live on how he plans to shoot his next financial three-pointer and as china contends with its biggest covid outbreak since the start of the pandemic manufacturing and export hub shanghai is under an indefinite citywide lockdown.

we discussed the impact with the ceo of the largest u.s.- based dry bulk shipping company whose stock has more than doubled over the past year but first fox market alert you can call it a

liz: people are not really noticing that this 10 year bull market is really kind of calming down,. >> i think that people are noticing i do think people are noticing i get calls from clients all the time that are just a little bit nervous or a little bit anxious, and so you kind of got to walk them through it and make sure that what they are invested in is appropriate for them, that they've got the time and ability to ride out a storm and ask you to put new money to work where you're going to find opportunity, sometimes in an inflationary environment which we're in and it's only going to get worse you said it tomorrow cpi and then the ppi is going to, the 10.6 number is going to i think shock everybody. even though that's what's expected that's a big number for us, it's a process in terms of where we've been. liz: how do we make money, scott scott takes the emotion out of everything, he doesn't answer the phone calls from panicked

clients he looks at chaharts, he looks at levels and supports and all kinds of things, what do you see and where is the opportunity >> i have to agree with kenny as far as what is your client's risk tolerance and your time horizon? we've been through periods like this , this is a consolidation phase. we're going against very complicated headlines, inflation is high. you have an invasion of the ukraine that looks like it might take a turn for the worst in the next two weeks, you have pe's that need to come down , you have another covid spike incline a, so what that is is it's make reality bites, sometimes, you know what? last week the market looked at itself when it went from a dove to a hawk and said do you know what? we need to come in a little bit. there's a little bit too much froth but at this point some of the froth has been taken out, but this is what i'm doing, okay liz: okay. >> i'm going week by week, sector by sector, you know the financials got very oversold , heading into earnings, so last week that was a good spot to buy some financials into

jpmorgan's earnings because everyone last quarter said you have to buy the banks and they didn't have enough after it and this point nobody want the to be in the banks so maybe there's an opportunity there. liz: okay, did you see what, let me jump in. did you see what charles evans of the chicago federal reserve bank said? and i love his fed speak if you listen to this it's really kind of tricky here, but he said 50 basis point hikes are worthy of consideration, "possibly highly likely." >> i agree. liz: highly likely or not? just possibly highly likely. >> very likely. probably going to happen that's why they have been saying it for the past three weeks so the market can get used to it so when brainard came out and said that last tuesday all of a sudden the nasdaq has been down four to 5% since last tuesday and you had sometime to react so what the fed does is float what they are thinking about doing and let the market actually discount so when they do it, it's not that big of a deal. so short-term, that statement is

probably priced in. short-term the cpi tomorrow, which everyone is talking about being super duper hot, sentiment is now very bearish tomorrow we get a bounce. so actively gain the market, but again, mid-term to long term put your money to work. every single month, depending on your risk tolerance, put money in. if you trade actively like i do for a living you have to know where the sentiment is. liz: it's possibly highly likely you'll both be back next week. >> [laughter] liz: great to have you. thanks guys, scott, kenny always a pleasure. fox business alert twitter stock at this hour as its largest shareholder right now you can see that this stock is now popping nearly 3%, very close to the session highs. shares have endured a $3 back and forth swing after tesla ceo elon musk who last week revealed a 9% stake in the social media giant abruptly dropped plans this weekend to join the social media giant's board. musk was officially to join the

board saturday but late last night twitter ceo parag agarwal used the platform to announce that musk has decided not to join our board and we will remain open to his input but i believe this is for the best. a frequent critic of twitter, musk over the last few days included asking his 81-plus million followers, is twitter dying? and he also floated whether twitter's headquarters should be turned into a homeless shelter. okay, so he's sitting there right and left, right? he's since deleted those tweets. last week twitter popped about $ 50 a share on hopes musk might offer changes that would unlock shareholder value, but analysts believe musk rejected the board seat after realizing the role would have capped his stake in the company at 14.9%, hence hindering his ability to implement real change where he has felt it's needed. the newly-merged warner brothers discovery is on the move and it is down 2% after moving higher earlier. it began trading today under its

new ticker symbol wvd. the new company combines discovery's cable networks including tlc, hgtv and the food network with warner medias movie and tv production units hbo, hbo max premium services and news network cnn. why are we showing at&t? that's moving 7.5% after its shareholders got 1.7 billion shares of warner brothers discovery in exchange for selling warner media. discovery's existing shareholder s own the remainder of the new company, and now jpmorgan analysts like the decision giving at&t the overweight rating, but again , what does this say on the first day of trade as wbd, warner brothers discovery, that now it's down more than 2%? you know, we had rich greenfield of lighthouse partners friday saying be careful with this one you gotta see how it plays out. let's take a look at shares of nvidia moving down 4.6% after a bear downgraded the chipmaker to neutral from outperform citing

persons about order cancellation s driven by slow down in demand for pc's and a surplus in supply. wait, when did that happen? remember the chip shortage that's all we talked about now they are saying there's a surplus. we do have most of the chipmaker s down here chipmakers like amd, losing about 2.8% and you see marvel and monolithic power systems down 3% apiece. luck and coffee remember that name? now feeling lucky, with shares moving higher nearly 3%, shares are up after the company announced it is officially out of bankruptcy proceedings. the company's ceo says it is well-positioned for long term growth after reporting an 80% increase in revenue for its fourth quarter. this nearly went completely down and out. okay, but they somehow managed to come back. coffee competitors starbucks, that one is moving lower by about one-third of a percent while oregon-based company dutch brothers is moving higher by 2.7

% it stands at $52 up 40% since going public back in september. as the chinese coffee chain luck in emerges from bankruptcy china is in the throws of another covid lockdown. the last time this happened, cargo shipping rates crested at crazy high prices, so why, when shanghai, a city of 25 million, with key global ports, pretty much locked down, why are rates now receding? we'll ask the ceo of dry bulk shipper whose stock has returned 106% year-over-year, he's next, closing bell 48 minutes away, the dow now down 256 low of the session a loss of 290, are we heading back down to that you've got to stay tuned wait and see. you can't buy love. happiness. or confidence. but you can invest in them.

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visit kohlerwalkinbath.com for more info. liz: i know, supply chain crisis , still going on, but as china tries to control its worst covid outbreak in two years, shanghai has just logged 26,000 new daily infections. the manufacturing center is home to the busiest port in the world and while the government has yet to lockdown that port the

renewed spread has caused a shortage of dock workers and trucker shortages as a lot of the drivers are saying you know what? i'm not even entering those city limits because they will qune me and i won't be able to leave. that has vessels idling offshore unable to load and unload but oddly the baltic exchange dry index which tracks the price of moving raw materials by sea is dropping for the 13th straight day. at this hour it's hit its lowest level since february 18. what's going on here? well, genco is a shipping and trading company with a focus on transporting iron ore, coal, grain steel products and while it's down 5% right now shares have enjoyed a 103% jump year-over-year and wait until you hear about the dividend, okay? that's really impressive. genco shipping company hopefully can answer our questions, he's here in a fox business exclusive. john it does feel like an upside down world right now because look for retailers who watch the cost of shipping sky rocket

during the supply chain and logistics crisis last year due to very similar reasons, hopefully if it comes through to their product shipping, the price drop be welcome, but for dry bulk it's kind of a perplexing development, why are prices falling? >> well i think what you need to do is split the sector into two parts. we have the cape size vessels which we have 17 which primarily carry iron or from brazil and australia into china. yes we're seeing a slowness coming out of a weak first quarter which is pretty normal from a seasonal standpoint, so as china comes out of lockdown, we expect to see iron ore shipments move backup again and freight rates increase. in the mid-size sector of which we have 27 vessels, those are carrying grains, coal, cement, steel products, a whole host of building-type commodities and we've seen those remain pretty firm over the last six months,

and again, because of the unfortunate issue in ukraine , we're starting to see our trade routes length en and our ton miles increase which ultimately will lead to higher freight rates. liz: well sure people have to go around the black sea the whole thing is a complete disaster in that region, but well then what about say for example, the cape size index and i don't want our viewers to start saying what the heck is a cape size index. this tracks iron ore and coal cargo down about 3.4% today at its lowest level in more than two months. what does that signal for your company and people who are waiting on the other end for these shipments? >> again, i think a lot of this has to do with the lockdown s that are happening in china. i think it's pretty easy to draw parallel to some degree to 2020. we saw those lockdowns begin in february, and freight rates move down pretty significantly, and then start recovering in very

early june. liz: let me just ask, so you don't see a freight recession? >> no, we do not see a freight recession, we think what you're seeing is a longer rainy season in brazil, which is where a lot of iron ore comes out of, we're just starting to see production increase. again, a slowness, you just mentioned the logistical issues in china, that is certainly real , but again, we see that recovering and if you look at what's actually happening, if you look at the forward indicators that we pay attention to, we have seen utilization in china's steel industry move from 74% to 85% today that's happened really since february and we've seen steel prices move up 12% since the beginning of the year, so that is starting to indicate and show a healthy steel recovery in china. liz: i promise our viewers that i would reveal your dividend, 12 % annually. that's a pretty impressive

dividend. is the next move to raise it or keep it static? i'd just like to give our viewer s kind of a roadmap for this. >> sure, well a couple things. one, we paid off 50% of our debt last year from operating cash flow. we put into place a new dividend policy and it is variable so we obviously saw a pretty good jump in the fourth quarter but we were also still paying off quite a bit of debt so the first quarter will be the first dividend under our new full pay out strategy with backed up our very low leverage and low cash flow breakeven rate. liz: those ships are rather impressive. how many of those do you have? >> we have 44 ships on the water today. liz: it's a good story, john, we'll be continuing to follow it thank you very much. >> okay, thank you, liz. take care. liz: john wobensmith of genco shipping. take a look at jet blue shares on the move by nearly 2% after

the u.s. airline announced cuts to its summer schedule following hundreds of flight cancellations over the weekend. passengers set to pay for that privilege in the form of higher airfares. how high and when? we're going to take you live to newark international airport to find out next, closing bell ring ing in 38 minutes, we are coming right back, dow is now down 288, i remind you low of the session a loss of 290, we might just hit it before we go to this commercial break. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

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liz: airlines taking flight at this hour, let's put them up on the screen, summer schedules are still in a state of flux, but u.s. airlines already planning to fly 16% more passengers than last summer. that according to data from seri an. between rising fuel prices and labor shortages, can we expect a summer of travel woes and more importantly, what are shares going to do because they're

jumping right now, madison, madison is at newark liberty international airport talking with experts on the ground. what are you hearing? reporter: hearing a lot of different stuff. what we're immediately hearing is prices are high and travel woes are not going anywhere. yes we've seen an increase from last year in terms of number of flights available, but they're not able to keep up with the demand, liz, and in fact certain airlines they are reducing the number of flights they have. jetblue announcing they reduce the number of flights they are offering because they had to cancel 300 flights this past weekend alone. i myself was on a flight canceled it's something the people here we've been talking to have been experiencing and you're dealing with cancellations, the other tricky part about all of this is it's costing you more so you have a headache and getting more money out of your wallet so those prices we've seen jump because of the increase in demand and the increase in jet fuel prices. we're actually looking at higher tickets up about 40% since january of last year. those prices, they have

accelerated faster than experts anticipated. that's something really interesting i've gotten from this reporting, we've been cover ing this story for months as we've seen the gradual increase in prices. analysts were expecting prices to increase six to 7% each month through the summer. now, because of jet fuel costs, they are expecting a 10% increase in june, take a listen. >> jet fuel this summer is already 76% more expensive than it was this time last year, 40% more expensive than it was at the beginning of the year, so that hand in hand with demand is really driving this additional acceleration in prices. reporter: so, liz, we're seeing already that acceleration, the demand though is still there we haven't seen people turn away from the airport yet because of that pent-up demand, but if you're in that category you've been waiting to travel you are paying even more come this summer. right now you're paying 330 for

average domestic airfare, so come june, the average domestic round-trip is going to cost you $360. liz? liz: yeah, don't even ask about international. i was lard scoping some of those out so since january of 2021, flight prices are up 40%. i just want to clarify that. pretty stunning, and get ready, if you're looking at tickets is the best advice, madison, start to book them now? reporter: yeah, the best advice is to be ready to book whenever you see a price drop, so hopper, sky scanner, these are all flights that let you look out ahead of time in the pandemic people would book a week in advance. don't do that you want to book a month maybe two months in advance. liz: great point, thank you. madison alworth from newark. speaking of airlines, we are speaking to the billionaire investor who won big during the pandemic by making a sizable bet in a very interesting way in the sector, which was in real

financial trouble, at the height of the pandemic lockdowns. distressed debt investor mark la sry reveals the trade season the fed is ripping off the stimulus band aid standing by live and smiling and i'll ask him his best investment now coming up in a second in the meantime closing bell 38 minutes away the dow is down now 328 points, s&p lower by 64, nasdaq down 251, we're seeing an increase in the losses stay tuned we've got to see how this one ends we're coming right back. . like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank.

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>> i think you want to be long and the reason you want to be long an you saw it from earlier in your program, there's going to be a huge amount of money that's going to be spent, you know, whether it's a trillion, $2 trillion, whether it's on infrastructure, whether it's getting money to middle class america, but trillions of dollars are going to be spent on this economy. liz: that was billionaire

investor marc lasry on the "clayman countdown" september 29 of 2020, and boy, was he there. since that day he told viewers to go long. the dow is up 25%, nasdaq up 21% , look at the s&p up nearly 33%. however, since the first of this year, red, red, red and more red with the nasdaq in particular taking a shellacking here as bond yields surge on the prospect of higher interest rates and more expensive borrowing costs so now what's left with lasry's trade with this new back drop let's ask him joining me avenue capital marc l asry to tell us how he's playing the game this time around and i say this because since the start of the year, we started to see a pullback and we know what the back drop is with the federal reserve,marc. what's going on here? >> well i think now, things are just going to be a lot more difficult. they just are. interest rates are going up,

you're going to have, you know, the question is whether gdp remains up a little bit or if it's going to be flat. with everything that's going on in ukraine with higher food prices, with higher oil prices, there's just going to be a lot more issues and when there's a lot more issues that's not great for the economy and it's not great for the stock market, so i think what you're going to have at least over the course of the next six months to nine months is more issues, so i would at least for us, there's more opportunities, because people need capital so i think it's going to be difficult in the next six months ahead. liz: okay this is so interesting and i want our viewers to try and buck their fear, because when you told us all to go long, that was september of 2020. the lockdowns were still very much in play, and you said this is a great opportunity. now you're saying it's going to be a lot harder, and some people would look at that and say well wait a minute at least we aren't in the middle of a

pandemic so they need to flip the narrative in their own minds , do they not? where is the best opportunity knowing that rates are going higher? >> well i think you're going to have, look you'll have opportunities in the energy sector. you're going to have a lot of idiosyncratic opportunities, things have gotten hit over the course of the last couple of months, so i would try being a little bit more conservative going forward. you're going to find opportunity opportunities. you're going to find things that somehow people get nervous and you'll have more sellers, so those will be the times for you to come in and try to buy. that's what we're trying to do. we're waiting for people to get nervous, we're waiting for people that need liquidity and when they need that we'll provide that liquidity but obviously, we'll charge quite a price for that liquidity. liz: well you bring that up and i want to remind people that one of the trades that you made during the height of the crisis was that you, knowing that

airlines were desperate for cash , you bought airplanes from at least one of them, was it one or did it end up being two airlines? >> we bought from a couple airlines. i would tell you those were really good at the time. i think today, its gotten a little harder simply because of where fuel prices have gone. we obviously didn't see things happening like they did in the ukraine, but because of that , fuel prices are going through the roof, and they may even go higher, so that's going to al o tf prohe phe p re hingut o t tod,ay lineirirou'r yeee fi tetce canand.d.d.d. that shae toy.dasuesssussusu li ouacididhen t w w gas forheirhe linerd tdd aatery nry neictete of6%.6% illianil tanrileil you y y uy youo l foror th u u ennedennene iynatic

unit can ycai ing like l yea what y'l yin u'es the reall eseseta.. o o o things that we're,,, doing today is we're lending money to sort of start ups who need capital, and we're doing it at a senior secured level we're doing things on the impact space , where again people need capital, so you've got to be i think find different opportunities. that's where it's going to be going forward. it's not going to be in just one specific sector, you're going to find that sometimes people need capital and when they need that capital, that's when you should come in and don't be worried about providing that capital as long as you feel that you're getting paid for that risk. liz: one of the things i also remember back in 2020 was in the middle of the pandemic, the lockdowns and we all know this , put digital and technology adoption on hyper speed. barrons asked you back then about what you thought be the

post-pandemic opportunities and i believe back then, you said tech be huge, but we could show you some of the eft's for technology, and year-to-date, for example, the spider select tech fund, down about 15%, g-tech which is goldman's future tech leaders these are eft's 26%, qqq is down 15%. where do you see tech now? >> i think tech has come in quite a bit. part of that is simply because a lot of money has flown into that space, so i think what you're seeing now is theres been a re pricing and that repricing actually is pretty positive, so i think now, with that new re pricing, you're going to see even more opportunities are there, simply because capital isn't that easy, so the harder capital is to come by, the more opportunity there is because you can charge more for that capital today. liz: okay, that was an incorrect ticker we just put up there it's gtec, goldman future tech.

okay, so putting that aside, i do know that there maybe, i don't know the way you think in the distressed investor world an opportunity or not with what's going on in russia. russia just endured what's called a selective default. the s&p ratings agency is saying that russia has defaulted on some of its dollar denominated debt because they insisted that they be paid in rubles, and clearly, nobody is doing that. we've got sanctions, and they can't access their foreign currency reserves. do you see any opportunities when it comes to that kind of distress that's related in any way, shape or form, to russia? >> i think that's difficult. it really is and the reason for that is you've got all the different sanctions. i don't want to sort of make geo political bets. that's not what we do and i think that's what people are going to be doing if you're doing that. i think you're taking a lot of risk by doing it, but if it

works you could get paid quite a bit. i just think that's going to be a binary bet, and if it works, you'll do exceptionally well but if it doesn't work, you're going to lose all your money, so i think people have to be prepared for that. i think right now for us when you look at russia it's not a place we want to invest in, because we just don't know what's going to happen, and i can't tell you what's going to happen. liz: understandable. we certainly don't. i mean, we've got now russian troops on the move coming from the east and out from belarus back towards ukraine, we're watching that situation very closely. so your milwaukee bucks secured the third seed, right? the third seed in the nba playoffs. how do you repeat? won it all last time. >> i think, you know, as long as we stay healthy, we're going to have a shot at repeating. i think we've got as good a shot as anybody. i think right now, we're favored to win the east, so we're going to play chicago, i think that'll

be a fun series, but we're going to have three tough series ahead , and as long as we're healthy i think we'll get there. i'm pretty excited about it. liz: we just want to see the fan fest outside the arena like you did last time. that was so much fun. are you doing that again? >> yeah, no, we will because it's great weather. last year everybody loved it so we'll start up again. liz: so much fun, i remember we showed so much of this and look it's a lot different because now people can actually be inside post-covid so we're wishing the bucks best of luck. good to see you please come back >> my pleasure. liz: marc lasry. thank you very much. before tesla ceo elon musk pulled the plug on joining twitter's board he and fellow billionaire jeff bezos exchanged a few tweets, of course on twitter. stick around for that a little bit of shade that bezos threw or was it? you get to decide we'll explain what happened on twitter between

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liz: before elon musk this weekend abruptly reversed his decision to take a seat on twitter's board, he unleashed a tweet storm over the weekend, most of which he deleted. now in one of them, he tweeted a poll yesterday that read convert twitter sf hq san francisco headquarters, to homeless shelters since no one shows up anyway? amazon founder and musk frenemy

jeff bezos respond ed, or maybe it was just to throw a little shade at his fellow billionaire and rocket ship rival. tweeting an article about the homeless shelter that amazon built that it had attached to its open headquarters in seattle , bezos wrote the project works well for employees who want to volunteer. yeah, so he basically said oh, we already did that and we are still able to have a great business. today, wall street is reacting to musk's move to abandon his twitter board seat which i don't know, that was fast, charlie? what are you hearing from wall street? charlie: let's put the confluence together and it be nice if twitter opened up a homeless shelter maybe they can clean-up what's around midtown manhattan, which is not fun to get to work. liz: try southern california. charlie: it's worse, what's going on, but that being said let's go through the confluence of stuff that went on with twitter. we reported, before he abandoned his board seat, he still owns the 9%, so still a shareholder,

we reported on your show exclusively last week that democrats and the sec were going to start targeting elon musk, at least making noises about scrutinizing his past statements , whether they comport ed with reality as they refer to tesla, so he clearly caught the eyes of democrats who are worried he was moving twitter to the center or to the right because he's a famous libertarian, some would say at times conservative, and maybe reinstate donald trump. the sec, you know, obviously despises musk's tweeting believes that he uses twitter to jackup the stock price, you remember that whole, they entered a settlement when he said 420 will bust or we have a deal, so that was one confluence of factors. the other factor that was, again , coming together on this , was tesla share price was off tremendously last week. it was real talk among investors about does this guy have enough time to be on the board of twitter? liz: it's down another 4.6%. charlie: it is but just remember

this is, well we'll get to that, and that's why. this is why, so there was a lot of talk whether he spends too much time worrying about twitter not enough time with the various things tesla has to do and then, you know, let's be clear. if you're on the board of twitter, you can't be an activist and tweet stuff like he tweeted this weekend. your fiduciary responsibility is interwoven with the twitter shareholder, anything to hurt the share price, and the sort of disparaging remarks you could be sued. you're open target for class action lawsuit. liz: what does wall street think charlie: they think listen, they are all over the place. there is a meme, and some people make it like it's written in stone, i've seen it out there, he's going to take an activist stake, go beyond the 9% because remember if you're a board remember you're locked in at about 15%, go beyond that and then demand change. listen, i could see that

happening, but i can see it not happening. i can see him just sitting on tweeting stuff. there's a lot of talk at the sec , he invited too much scrutiny, and particularly, along the lines of we reported that he became sort of a political liability. he knows that since he was going to be a target, tesla could suffer. why is tesla down today? again, on the notion that he may increase his stake and really take an activist role and a major play into twitter. liz: there's also electric vehicle news, suspending production, so there's concern about that. charlie: sure listen never one reason why anything goes down or up but just giving you the broad strokes here. so no one really knows what he's go eking to do. my guess, i still don't understand why he deleted the tweets if he's not on the board you don't have to delete the tweets. liz: look when he announced his stake, or we saw that he had taken the stake, the stock jumped 27%. charlie: but why did he delete the tweets? liz: well, i mean?

charlie: if you're not on the board let's be real clear. it just makes no sense, if you aren't on the board you could tweet whatever you want. if you're on the board then you have a real problem. now maybe because he was in that interim period he was on the board and not on the board, and he felt his lawyer said take it down or else you'll be sued because you were kind of on the board and that's disparage ment of the twitter shareholders. liz: well look is twitter dying? if you're on the board, can you really be tweeting and trolling your own company which you said -- charlie: he wasn't on the board or kind of he was. i just think there's a story behind why he took this. liz: he tweeted yesterday the headquarters, he was supposed to take officially the board seat saturday morning. he did not, so he could still do that. i don't know. charlie: there must have been a legal reason where the lawyers said listen, you're kind of on the board, don't screw around here, just take it down. you gotta admit his twitter stuff is hysterical.

liz: yeah but if you are a twitter shareholder watching the gyrations you might not think so. charlie: because again, they get him in trouble and he's existential to that company. liz: thank you charlie you're existential to us. charlie: thank you, liz. liz: i'm sure many people on twitter -- charlie: it's not many people on twitter it's one group of conspiracy theorists who think kenny g, not the singer, is manipulating the stock market, and he's not. liz: we're hitting session lows right now dow is down 419 points , we will be right back.

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. . . . . . 2345. could you call this sell on the rumor? tomorrow getting consumer price index. joining me 232 billion. commonwealth financial network. brad, what do you think is going on here. where is the best place to put your money at a time it looks a little dangerous? market is accommodating the fact we'll see real interest rates go positive. we're concerned about the markets, assets, growth stocks in bitcoin repriced. now companies have to make

money. there will be alternative in bonds. that changes the dynamic. where do you want to be? things in shortages people pay more to make them. like energies and materials. that is the place to be. liz: mark was on a little before you. he agrees. energy is the place to be materials is interesting. do you think the infrastructure buildout is going to continue at pace people expect to this year? >> it is. it has. look at europeanss starting to fill out infrastructure, to bring in natural gas, that will drive the production here in the u.s. when you look in the u.s., you will see as we start to produce more again. we need to ship that around the country. it is an optional expense. it is investment we have to make. liz: in the end as we look at these stocks down. is it best at the moment to be in the s&p, just to ride out these rough points before the fed makes its next move? >> i think being in large cap

stocks, which the s&p is, as you know makes sense. these are the companies that can ride out the turbulence, take advantage of the opportunities. liz: okay. >> small caps for example, getting hit simply because they're more at risk as things get turbulent. [closing bell rings] liz: thanks so much, brad mcmillan. that will do us. closing at close to lows of the session. we'll see you tomorrow. "kudlow" is next ♪. >> welcome to "kudlow." i'm david asman in for larry kudlow today. parts of ukraine bracing for more bar bear rake attacks from the russian invaders as moscow appoints a new general with ugly past to head the ukraine operation. russia is amassing troops to launch an attack on donbas