do, i've got an accountant i've been with for a long time but president biden, the commander-in-chief only paid 24% federal taxes so i maybe on the look for a new accountant. but stay in this market, i think we're looking for a bottom here, a lot of bad news we know it all , a lot is baked in, doesn't mean the market is not vulnerable, but hang tough that's all i can tell you especially for next hour because liz claman has your back. liz: didn't the previous president pay like 750 bucks, like what are we doing wrong, charles? charles: i'm not sure what it is just i can't figure it out, liz. liz: he's speechless, everyone. that's what taxes will do do you , yes. markets are making a late tax day turnaround a volatile session following the three day weekend but look at this about an hour and a half ago the bulls found new life. question is can they hold on to that energy? speaking of energy, it's driving the markets since the war in ukraine appears to be entering a terrifying new phase.

russia now attempting breakthrough the defenses on the eastern front, in dontesk, and kharkiv. oil and natural gas are leaping, natural gas look at that, it touched $8 per unit earlier, it's still up about 6.5% in the after market we're watching it all very closely. crude oil at $108.05 a barrel. elon musk's twitter takeover also taking a new twist as the billionaire ceo of tesla channels his inner elvis. i am not kidding. dan niles bought twitter last week but he's already sold it, what he saw that triggered the reversal and what he is buying now, and he's going to tell you exactly what you need to look out for , and the red hot housing market could soon be doused by new home prices near records and mortgage rates making epic moves higher. douglas element executive chair howard lorber is here to share the actions he and his realtors

are see seeing on their listings right now. in the last hour of trade the markets are in the green we do have the dow jones industrial up 32, s&p four points the nasdaq up just five points after seeing quite a day full of volatility. morgan stanley maybe this is sort of what triggered it, issued a warning this morning for first quarter earnings season. it will be disappointing, the financial giant says inflation and the toll from russia's war on ukraine will start to really become evident in this season's reports. kind of has if you think about the banks and we'll get to that in a second. first quarter earnings season picking up the pace this week, seven dow components, 66 members of the s&p 500 will open their books and some of the big ones on the calendar, we reveal them to you. bank of america, charles schwab reported this morning more in a second, j & j, netflix, ibm tuesday, then tesla, proctor and gamble, united airlines on wednesday, at&t, american airlines on thursday, and then american express and verizon

among other names, including schlumberger on friday. let's first tackle bank of america. it is edging higher by about 3.9 % after reporting a first quarter earnings beat. got a boost from loan and deposit growth but look at charles schwab it is the biggest drag on the s&p 500 down 9% at the moment after its first quarter report missed on earnings and revenue, citing higher expenses but also lower trading volume. so kind of a dampening effect we are seeing right now on the stock market. let's flip it over to the 10 year yield. the 10 year yield earlier today hit about i want to say 2.88% after the fed funds futures indicated there is now a 90% chance of a half point, 50 basis point hike in just a few weeks that be may 4 when the fed meets so right now its come down just slightly at 2.864% but the question becomes will this season's quarterly reports be more under-promising and over

-delivering or completely the opposite let's get to our floor show traders monday madness once again kenny polcari and scott redler. kenny, take it. we already have what about 40 companies that have reported. not such a bad picture but so many month r to go what are you expecting? >> right so we've got about 80% of the 40 have beaten on the estimates and given okay guidance, but look, i suspect it is going to be the next three weeks are going to have some potholes in them, right? i do expect that probably the second quarter is going to be much more reflective of russia and ukraine in the crisis , because it only had one month of that for this current quarter, so i suspect we're going to hear more of that in the second quarter. look, earnings were already expected to be lower year-over-year. we know that the markets ready for it. i think what's more important here is that guidance going forward because the earnings are the earnings so it doesn't make a difference at the moment. it's going to be what they are saying and that's where we're seeing difficulty. liz: kenny, kenny, the estimate is that s&p earnings in the

aggregate revenues are expected to be up 10.9%. what's so bad about that? >> there is nothing bad about that when you compare it to what its been up it's down from where it was the latest that numbers come down a little bit 9.8% i think is where it currently is but still there's nothing wrong with that, but what the issue is going to be is what's a recession going to do, what's the fed going to do and what's going to meet about the future, are those numbers because they are in the first quarter. are the second, third, and fourth quarter numbers get adjusted down as we move through the year? liz: okay, let me get to scott redler. scott, at the lows we were down about 139 points i think for the dow jones industrial, so we've had a decent swing today to the upside, so that shows some stick to it at least for the bulls, but let's drill down on some of the numbers here , yes the nasdaq has just turned negative down 4 points but netflix is tomorrow. what are you expecting that's one of these highly-watched sort of is it a pandemic trade or is

it a streaming trade? which is it? >> well we have three different type of reports coming out over the next two days, we'll see the markets appetite for risk. netflix stole from future subscriber growth. that happened during the pandemic. that happened with a lot of companies, so the question is, can netflix went from 700 to the low of 300, its been cut in half , so it's 50% from the highs and nobody is expecting a big report here because the subscriber growth isn't going to be there. if they raise subscription fees they have already done that that's not exciting. they can't split their stock, so the question is, has it come in enough? so like you just said, we're still getting a big earnings in the s&p but right now the forward-looking p of the s&p is 19 which is still above a historical average so it's going to be the response so tomorrow we'll see what's the response to netflix, if it's a solid report, does it get a big oversold balance? then we have i b m which is a different story. it hasn't done anything for a

decade. for a decade -- liz: at least. >> hasn't had a sustained move so heightened value tech so we'll figure that out and see that tomorrow as well and then on wednesday we get tesla, which is heightening really well and it's the growth stock poster child so the question is can that go higher and three different types of report for traders to figure out what does the market want to do with those type of three different types of stock. liz: kenny what have we learned from the banks so far and i ask you this because we're looking at reserves, okay folks that's the dry powder they put aside when they think something bad is going to happen, like loan disasters and things like that. what are you seeing with reserves and can you help our viewers hear a certain message from that? >> well listen, i think it's caution, right? jamie dimon started it, when he came out with his commentary after the earnings came out talking about what he suspects coming down the line. liz: volatility. >> more difficult times ahead and so i think all that says is

to investors is understand it goes in you have to remain cautious so the banks are remaining cautious, and you as an investor need to remain cautious as well as you try to define and tweak your portfolio, where you think you're going to get the biggest safety for your buck, but where else you get the biggest bang for your buck and you've seen that in the energy names, certainly in coal, certainly in the fertilizer stocks, have done very very well. liz: scott what's your favorite name at this point to go long? >> to go long? sometimes i think option strategies into earnings. i'll take an option strategy into ibm. i think auto ibm hasn't done anything to reinvent themselves and they have to have a huge report to get some kind of upside. obviously i love trading tesla i just don't know how it reacts to the report with the shanghai factory close and the delivery numbers weren't great so it's not enough way to go up so the three reports i'm looking at , i think ibm could be a good trade buying the call spread into the print, not buying the stock. liz: oh, my god. >> one of my favorite names,

ibm. >> there you go, kenny. liz: you're both fired. >> listen, ibm is perfect. >> but it's their earnings report. liz: maybe you'll be right and i'll be wrong let's see we'll check in tomorrow. guys great to see you kenny and scott. from poisonills to elvis quotes to threats of cutting board paychecks to zero, twitter shares are actually looking awfully resilient at this hour as the corporate soap opera plot starring billionaire tesla ceo and self-described free-speech absoluteist elon musk thickens. so far today, musk who last week made that $43 billion bid for the social media company has promised via tweet that if his bid succeeds, "board salary will be zero" so that's around 3 million a year saved right there. this weekend musk outed the board members who own very few twitter shares, and questioned whether their interests are truly aligned with that of common shareholders. shares remain volatile after

twitter's board members unanimously adopted the poison pill strategy back on friday, a shareholder plan that reduces the likelihood that musk could gain control of the company, so right now with shares up 7.5%, we know that musk then took to the platform on saturday to tweet, "love me tender" of course those are the lyrics from the late elvis presley song which then sent wall street into a whirl of speculation that musk is looking to put in maybe a tender offer for the little blue bird. let's bring in investor dan nile s, of the satore fund. he bought twitter shares but is already out of them and he has way better investment ideas in a fox business exclusive, dan, too much drama? why did you buy it last week and then why did you sell it? >> it was too much drama for me i mean, if you look at twitter from a very big picture standpoint, the day they came public the stock closed at $45 a share. it's not much different today. in the meantime, you look at the s&p 500, it's tripled.

you look at facebook and google during that same period they have gone up four to 5x. stocks still trades at a 60 pe, up almost 50% off of its lows, you know, a few weeks ago, before musk started buying, and at the end of the day, the board i do think their interests aren't aligned with shareholders so it was just too much drama for me, and i've got other names that are much lower valuations that i'd rather be involved with liz: we'll get to that in a second because our viewers love to hear from you about the thoughtfulness you put into those but when you talk about not aligned with board members, you know, you have jack dorsey, the co-founder, who used to be the ceo come out swinging as well, and he really took a swipe at board members. what does that mean for common shareholders of twitter, if you were a common shareholder right now, what would you do? >> well, i mean, again, the stock hasn't performed as i said for the last eight-plus years, and you're sitting at a

60 pe. i do believe the right thing is for this to come under different leadership. if you want the business to do well, i mean, think about that you go facebook and google are up four to 5x during the same period of time, but as a common shareholder, if this is a small portion and sort of you can take a swing at it, sure, but i think i'm always trying to get the best risk adjusted returns, not just pure returns, and you have to look at this name and say that it's up a lot already off of the fact that elon musk is involved, and so for me, if this somehow falls apart, and the board is putting in a poison pill which tells you they don't want to cooperate, the stock will drop obviously quite a bit especially given what we're seeing in the internet space with advertising potentially starting to weaken, et cetera. that makes it difficult for this name, especially given its history. liz: well we'll continue to

watch it but dan, a lot has changed since you and i last spoke a few months ago, namely a war broke out. tell me exactly what the trends are that you're witnessing and how you are investing through those trends. >> well, remember we entered this year believing that the s&p be down at least 20% peak to trough so that's the big picture since then you add in the war, and the war has just increased the odds of it being worse than that because oil was already at $92 a barrel before russia ever invaded on february 24, so you look at this and you say this just makes the long term situation even worse from an inflation standpoint, even when peace gets declared because the sanctions aren't going to come off, so you look at how much revenues for a lot of the s&p 500 companies comes from outside the u.s. which is roughly 30%, between europe weakening because of this war, specifically eastern europe, but that also ratcheting into

western, plus shanghai getting locked down by china, so they continue to have the zero-covid policy, this genie won't get put back in the bottle but that's slowing growth and creates a lot of risk going into earnings and this is the first time in seven quarters you'll see numbers starting to come down since the pandemic began, and the valuations this high is tough to be bullish. liz: and you have said that you're seeing money flows shift. they are coming out of one area and into another. can you expound on that for our viewers? >> sure, i mean it's pretty simple. if you think about during the pandemic the last two years, i haven't been on a vacation since before the pandemic and i'm sure a lot of your viewers have as well. i went to my first indoor sporting event since the pandemic quite recently, and so during the pandemic, everybody was buying stuff so they were buying pc's, smartphones, peloton bikes, you know, but they weren't going to restaurants, going on vacation, getting on an airplane, going

into movie theaters, going into a sporting event so nats where i think people are shifting to and i'm going on a vacation this year. i'm sure a lot of your viewers are too after a very long time so it's switching from goods to services and during that switch, i think much like you saw a lot of companies beat numbers, you know, very strongly during the pandemic, the benefited from it and things like video stream ing or e-commerce, now, you're going to see companies in areas like hotels, airlines, cruise lines, et cetera, benefit ing as you go through the rest of this year so those are the types of names that were long. liz: and let's put it up, airbnb , uber, hyatt, norwegian cruise lines, ccl, you know, carnival cruise lines, and you like luv, the airline. can you just give us a line on why you like regional banks, dan , as well? >> sure. that ones, if you think about the macro backdrop, companies like jpmorgan have big reserves

against russia. they talked about a billion dollars in losses overtime from that region, so if you're a big multi-national that's a problem. the fact that the ipo market isn't that strong or the mainstream media environment isn't that strong hurts you for fee income. a bank sitting in the middle of tennessee doesn't care about that. what they care about is you can't go to the fed for free money or the government for free money, so you're coming into the bank to get a loan, and they can charge much more interest on that loan. the spread between the five year interest rate and the three-month interest rate which is what you get for putting your money into the checking account or savings account, that spread has widened from about 120 basis points to over 200, so they can make a lot more money on those loans. that's why we like the regional banks quite a bit. liz: and he's buying kre, the eft, you get a whole basket of them. dan great to see you thank you so much for joining us. >> i appreciate it, liz. liz: we are coming right back. stay tuned.

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liz: russian missile strikes in ukraine continuing, this time hitting the far western city of lviv, killing seven. that's really important here, because until today, lviv had

remained mostly unharmed due to its distance from the front line s which of course are closer to the russia-ukraine border in the east. the strikes are a stark reminder of russia's long range capabilities, and as russia launches a new offensive in the east, this week at the annual international monetary fund, u.s. treasury secretary janet yellen is expected to call on western allies to further ramp up economic pressure on russia. meanwhile, president biden has given the green light to resume selling leases for oil & gas drilling on federal land and that's to start this week. the move quickly denounced by climate activists however growing pressure to address historically high energy prices driven by russia's invasion of ukraine seemed to have left the administration with few choices. let's get to madison all worth in the newsroom with the very latest. reporter: hi, liz so as you mentioned this is the first time since president biden took office that the federal government is offering new fossil fuel leases on public

land, but the amount of land being offered up is less than expected and royalties are much higher. the bureau of land management is expected to offer up 173 parcels on 144,000-acres in those states pictured there. that is only 20% of what had been under evaluation for leasing. the american petroleum institute telling fox we're pleased to see the interior department announce a restart to the onshore leasing program required under the law but we are concerned that this action adds new barriers to increasing energy production, including removing some of the most significant parcels. companies won't be getting much as much from the land either. the fed is increasing royalties from the current 12.5% to 18.75% the oil from these new leases will take a while to hit the market, experts warn we should not expect prices to drop anytime soon. >> well unfortunately i don't

have good news for the consumer. i see it rising another 10 to 15 cents a gallon up to $4.20 on a national average, but it's really not going to affect gasoline prices for over a year. reporter: also important to note , liz, roughly 10% of u.s. oil & gas production comes from federal land. most comes from states and private land. liz? liz: well, at least it's something, right? 20%, wanted more, some did at least. we'll see what happens madison alworth thank you very much. bring on the sleeping bags and the hand washing orders. the length tesla's gigafactory in shanghai is going to in order to restart production during china's renewed covid lockdown but it's what cathie wood's ark investments had to say about the ev maker's stock price that has it popping above a thousand bucks in this final hour with the closing bell ringing in 37 minutes the dow has reversed it's now down 55 points a little bit more red on the screen,

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liz: fox business alert, elon musk maybe fretting about his twitter takeover attempt but he can breathe a sigh of relief over tesla's latest developments the ev maker restarting its shanghai gigafactory, shuttered since march 28, after the city went on lockdown for a new covid-19 outbreak; however, once in, employees got to stay, to keep the infection from spreading. tesla supplying sleeping bags, showers, three daily meals and rules that include hand washing four times a day. shares are revving up on part of that news certainly, up 2% as well as on this new projection. cathie wood, ark invest now predicting tesla shares will hit

$4,600 by 2026. right now, we're at 1,006.29. the new target erases previous 3,000 per share by 2025 call and that new target was driven by tesla's autonomous ride hailing plans and robotaxi business lines. shares of didi has been an ugly day for the chinese ridesharing app. it's down 17% to just $2.03, as the company plans to discuss delisting in the u.s.. the company will hold a meeting may 23 to vote on plans to de list from the new york stock exchange before finding a new venue for its shares, didi stock plunged more than 80% since the company went public. other chinese stocks are getting hurt in sim path it here, baidu, everybody is moving lower as the sec continues to try to work with chinese regulators to get stocks listed on u.s. exchanges, to fully comply

with u.s. audit regulations which the sec says these chinese companies are not. let's take a look at gap at the moment, its got a moderate move to the upside by about one and one-third percent after morgan stanley raised its rating on the retailer to equal weight and there are still concerns about the company's execution and uncertainty regarding its turn around plan. gap is up 7% since rumors of an activist investor popped up april 13 but year-over-year not a pretty picture it's down 56%. well, the housing market is still a blazing inferno but mortgage rates now speaking and home prices still on their record highs. the question arises could we see the sizzling seller's market simmer down? howard rover, executive chairman of broker behemoth answers that question and more, next, closing bell ringing in 29 minutes the dow is down 103, s&p lower by 11, the nasdaq is down 44, so

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viking - voted number one river cruise line by condé nast readers. learn more at viking.com. liz: americans are now looking at the highest mortgage rates since february of 2011. according to bank rate, the average 30 year fixed rate hitting 5.25% today, and those high rates are reflected in the latest nihb home builder sentiment index particularly in the single family housing market april's index released today slipped to the lowest level since september. it is the fourth consecutive month the index has dropped. what does all of this mean for the spring housing market season? for both buyers and sellers, this guy knows, he's howard lorb er, executive chairman, who has 47 billion in annual sales it's the fifth largest residential real estate brokerage in the u.s.. howard, you and i have been around long enough to remember,

you know, eight, nine, even 10% mortgage rates but let's talk about arriving at this 5.25% run g on the ladder. how will it affect the spring selling season and are you already starting to see some of that happen? >> we really haven't started seeing it. it's an unusual market when mortgage rates rise, what happens is a lot of people jump in. if they weren't ready to buy, as soon as they see the rates going up and then you throw in inflation, they are afraid that if they wait any longer, then they are going to be priced out of the market completely, so it's almost a positive to getting more people coming into the market. liz: is that weird though to see a jump of 19 basis points week-over-week in the 30 year fixed average? >> yeah, it's weird, but still, look, i remember rates a lot higher and we haven't seen anywhere near that in so many years, so i still think that

rates which are affordable for most people and especially when you look at the luxury end of the market, it doesn't mean that much to those buyers and a lot of those buyers aren't taking out 30 year fixed rate mortgages , they are taking out adjustables and therefore, they are lower to start with, they could go higher if the people can afford it that's okay and they could also go lower, but again, people start worrying, if they see rates going up, and they hear about or see inflation, then they are going to say if i wait too much longer, no matter what it is, i'm going to be priced out of the market completely. liz: well it's always that guessing game, isn't it? you talk about the luxury market here in manhattan, the prices are still pretty solid when you're talking about the high end market. we have one listing on the upper east side that you guys have we pulled up it's about $18.4 million, $18.9 million. according to street easy in 2010 , this one was sold for

7.4 million back then, in 2010. i mean it's a pretty big jump in price. i don't know, or is it in 12 years. where do you see the new york city luxury market going and we can even show one from the gram ercy park 18 million. what are you seeing and the rise of the arm, the adjustable rate mortgage happening again, right? >> well first of all i think it's important to note that this past quarter, saw the highest number of sales for the first quarter in 33 years of tracking condos and co- of, and the overall price trend indicators were higher than the same period before the pandemic. bidding war market share has gone up. it's hard to have an exact number, but we're looking at it saying it's between 15 to 20% of the condos going on the market or townhouses, getting into bid ding wars. that hasn't happened in a long time, and the co-of median sales

price posted significant annual gains for the fifth straight quarter, it was higher than pre- pandemic levels so everything in condos the same. so everything is pointing towards a continuation, at least in the first quarter, and i haven't seen much different happening in april. liz: does anything worry you about the rise again? i'm hearing more people going into adjustable rate mortgages simply to dodge the rising 30 year fixed rate, and you know, it was arms that did get us into trouble certainly during the financial bubble. >> well that was, you know, a liquidity crisis in general if you're talking about 2007, 2008, 2009 it wasn't a mortgage crisis , it was a liquidity crisis and the underwriting obviously as we all know of the mortgages in those days was a lot different than it is today , so i don't expect to see anything close to that happening this go-around. liz: well that's certainly calm ing. you guys deal in many different markets. i know you're in new jersey and a lot of other states.

what's the anecdotal evidence you're hearing from thousands and thousands of brokers because i know manhattan is always a league into it's own so tell me exactly what you're hearing from them on the ground. >> well, actually, south floria , we did about as much business in as we did, i think we in 2021 in new york. we did about 15 billion in florida, which is something we never did before, so obviously, people are coming to florida, they are coming to all the low tax/no tax states, and i don't think that really hurts new york that much. i have a belief that new york is always going to be one of the greatest cities in the world , and that it may become the number one second home market, because when i look at, when friends i have that have moved to florida and bought a very expensive house here, i

can't think of any of them really that sold their condos or townhouses. they are sticking with it, because there is excitement and they want to come back and see what's going on so i'm pretty bullish on all the luxury markets that's happening, the hamptons, in california, obviously california has the tax issues like new york. texas is booming, that's a market we just entered two years ago. we think that could be as big as new york and florida. liz: howard one quick question before we go, with the rising rates at 5.25% average 30 year, does that benefit the seller more or the buyer more? >> i don't think the seller cares to any great degree. very rarely in new york in co-of and condos do you ever see mortgage contingencies. you can get mortgages but it's not going to be a contingency in the contract that if you don't get it or you get something too high that you can back out, so i don't think it affects the sellers. it definitely affects the buyers more but again, i think to some

degree it effects them in a good way. they want to just get in and not have to worry about it. liz: and historically, 5% -- >> we did it three weeks ago, you were happy when you saw it go up today. right? liz: [laughter] does work like that. howard good to see you thank you very much. >> you too, thanks for having me. liz: the cat and mouse game between elon musk and twitter's board has wall street eager for the next shoe to drop, but bankers, charlie gasparino says some are already starting to place their bets on which side will win this one. charlie breaks it, next. closing bell we're 18 minutes away, dow is down 147. ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪ ♪

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liz: well as you know, the twitter saga has generated a lot more headlines today in fact we're watching twitter to see if elon makes more headlines, okay so we already told you about no pay for board member, the elvis songs from elon musk that social media companies top shareholder now well we have rumors swirling around wall street today that another big announcement could be coming from musk on his favorite day of the year, 4/20 which is this wednesday, and charlie gasparino says he actually does have some bankers who are starting to take sides on who will win this battle. charlie? charlie: well, liz, let me just point out that it sounds like it's the quiet before the storm today. the stock is up like 6% i believe right now, but behind the scenes there's a lot of activity and here is a small piece of the puzzle that i'm getting that may foreshadow something bigger going forward. i have plenty of sources at the

big private equity firms, kkr, blackstone, apollo, you name it, i know people at all these places. every one of those firms, from what i understand, are crunching numbers about potentially joining musk's bid or at least being part of something that comes down here, because they think this thing is in play meaning twitter. joining musk's bid be or playing at least sort of the indication i'm getting now and who knows there maybe more direct at some later point where they actually bid for it, but that's not what i'm hearing now. what i understand is that they're looking to play a role in the debt financing of the acquisition. that elon yes he's worth 250 billion on paper and will have to sell some stock but there's a significant financing piece of it in any type of bid. he's going to have to borrow and they are all crunching numbers to be part of that borrowing and what is most attractive to them

from what i understand is the senior secured lending, which you know, gives the bond holder if this thing blows up, first lien on assets or whatever is going down, so whatever happens in bankruptcy, obviously. that's how they look at it. that doesn't mean this is going to go to bankruptcy but that's how you have to value, that's how they look at this so it's the senior secured debt. there is interest there from the big private equity firms, the firms i just mentioned and they are crunching numbers. now whether that happens or not i can't tell you but this is a really interesting deal and again, i'll say this again. elon musk is kind of in the driver's seat right now and here is sort of how people are game planning it. twitter scored a pretty big victory by bringing on goldman sachs and jpmorgan assad advisor s. they are the top m & a advisors, they are two of the three top ones. elon brought in morgan stanley so he's got the other one, but

elon on the other hand knows history and he knows and he's got jack dorsey in his corner. the former ceo currently a board member although his term is set to expire in may whose been saying this is a disfunctional board and twitter has been trying to sell itself since 2013 elon musk can make a really good case particularly if he tenders directly to shareholders and said here is my deal particularly if he ups it a bit that the board of directors is not acting in the best interest of shareholders, you're never going to get this type of deal before and say it goes to 60 even though it traded at 73, last summer i know it did, but let's face it that's when the fed was on a wild spree of printing money, this is not a stock that's done very well over the course of its 13 years since its ipo, matter of fact i think its valuation is just slightly higher based on on the musk staff than it was right after the first day of its ipo when the dust settled so he's got a strong case going to shareholder s with the premium that he's offered or maybe a

little more and apparently, if he wants it, he could have financing, they are all crunching the numbers so we'll have to see. again he's in the driver's seat, liz. every wall street executive tells me if the check is real, if the money is there, the board of directors of twitter are going to have a hard time saying no particularly if he ups it just a bit because this is a company that's, if you just look at the balance sheet and the financials, losing money. it doesn't have, it has negative , it ended with negative cash flow. its got a business, it clearly has a problem with its business model that it needs to monetize its assets. jack dorsey says publicly, that's not a good look, particularly if you want to, if you are trying to avoid court and not a class action suit by turning this down, so we'll see and by the way wednesday, as you say, i'll be in the air flying to miami for a little r & r, but wednesday is 4/20 which is elon musk's favorite number

and apparently there's a tesla earnings call. maybe he announces something then. liz: we're all over that story on wednesday, and we'll be watching twitter, which is now up about 7% at the moment, so twitter a nice terror up just 2.6% since musk made his investment. charlie: liz i think it's up on what i'm just reporting now because my thing just hit the tape. liz: yeah, okay thank you very much. kenya's perez, the woman's winner at the boston marathon today and our countdown closer has stocks he says will run your portfolio profits to the winning finish line and be sure to stick around at the top of the hour. it's a special tax day addition of kudlow. taxes, it's the people's money. 4:00 p.m. eastern just minutes away only on fox business. closing bell we'll hear it in eight minutes, don't go away.

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liz: about four 1/2 minutes before that bell starts to clang. the dow down 91. s&p lower by two, nasdaq down by 54. amazon, another amazon warehouse gotten enough votes to hold a unionization vote. the bay i don't know, new jersey warehouse has not set a actual date for the vote. filing with national labor relations board that 200 employees are expected to be eligible to vote. this is the on heels of stat send i -- staten island warehoue voted to, first successful vote. amazon up half a percent. >> kenya's shabet won the men's division at at at the 126th annual boston marathon. we have fort pitt capital group

cio, dan aye. run me to the finish line as a winner. >> thanks, liz. it is nice to be with you, thanks for having me. first one i mention is gaming and leisure properties. we think they are a very solid income play. this is a real estate investment trust that owns more than 50 regional gaming properties across 17 states. in simple terms they are the landlords to the casino operators. what we really like there is not much competition in these smaller regional markets. gaming fundamentals are very strong and have recovered to or surpassed pre-pandemic levels. and with their triple net lease structure, they're not responsible for the day-to-day maintenance expenses or taxes associated with their properties. so the company just generates very strong free cash flow and passes that along to investors in the form of a very healthy and attractive 6% dividend

yield. we think there are some price appreciation as well given the solid growth prospects and also very reasonable valuation. liz: you know it is pretty surprising considering that a year ago leisure and gaming were the place to avoid and yet we just had dan niles of the satori fund that is where you want to be in now, leisure, hotel, airlines. people are so eager to have fun once again. does that play into any of your theory about this company? >> it does to some degree. i think it's a positive we're seeing demand more evenly balanced between you know, good and services but i think at the end of the day, with glpi we really don't participate in the profits of the casino operators. we just want to make sure they pay their rents which they certainly are and even during the depths of the pandemic they had no issues there. liz: you also like apollo global

management and site one landscape supply. site one hit a annual low of 144 last thursday. where do you see upside here? >> we think, that site one is the biggest operator in a 23 billion-dollar market that is also, you know, very highly fragmented. the company's grown the operating profit by more than 25% annually over the last six years but a lot of that growth has really come from acquisitions that have taken them into new markets and we think they're really well-primed to continue that going forward given a very strong balance sheet, a very underleverred balance sheet. more than 80 employees laser-focused finding new growth opportunities and new accretive acquisitions going forward. siteone controls 13% of that market share. we think that goes much higher

going forward. liz: dan eye, great to have you, thank you, my friend. we really appreciate it. we do wrap up the markets on this first day of the week as we kick off monday into tuesday, remember, netflix reports first-quarter earnings tomorrow and we've got the closing bell ringing. [closing bell rings] red on the screen. the dow which had been higher by as much as 167 points looks to close down 47. that will do it for us. "kudlow" is next. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. so today is april 18th, folks i'm supposed to lead by saying happy tax day. not exactly. you can say happy passover. you can say happy easter but you can't really say happy tax day. tax day is already bad and president joe biden wants to make it worse. the irs is already bad and no matter how many more tens of billions of dollars we give them, tens of thousands of tax collecting agents they hire every year the story gets worse

and worse.