s&p 500 right now on track for about 11.9% earnings this quarter. this is phenomenonal stuff. we don't always see it. now, inflation eventually is going to ebb. we've got higher wages that will stay in place and i think that means fatter margins. we'll see , in the meantime, liz , i've changed it around for you you've got twitter news and a little bit of a market rally. liz: the market rally and twitter news are actually separate. we are understanding that there is a bond yield situation going on making the markets go higher but charles what a story, he has done it, breaking news, elon musk officially owns twitter, the social media giant halted right now, on news, but we now know the news, the social media giant is under full control of the world's richest man who will take the company private, in just the last eight minutes, the twitter board announcing the $44 billion deal was approved unanimously and is expected to close this year.

charlie gasparino just landed at the airport. he is calling in, he's got up to the minute details on this developing story, and the minute the stock begins to trade again, we will let you know. the buyout of the deal, $54.20 and what do we have here? we've got it at 51.63 at the moment again halted. meanwhile, we have seen a reversal of fortune in the final hour of trade, wall street has absolutely shaken off from the hangover of friday's worst trading day since october 2020, but earlier today, the dow was a mess. it was down nearly 500 points but look at it now, gaining 28, so pretty significant swing here , as we see at the moment plug power is giving walmart a lift as it seals a green energy deal, the plug power ceo is here live on how it plans to power the retail giant's fleet of hydrogen fuel fork lifts, everybody is talking about hydrogen cars and trucks, ev's these are fork lifts and boy is

there quite an order in, plus billionaire ben weiss made an absolute fortune when he sold his buy drink company for $1.7 billion. now, he's looking for the next billion dollar idea. it's a brand new show, right here, on fox business news prime so stay tuned. we're going to talk to him about that and wait until you hear some of the billion dollar ideas and how he looks for them but first we begin with that breaking news elon musk's twitter takeover complete. the deal of course will be fully done sometime this year but after days of waiting, it wasn't even months, literally days of waiting, hand ringing, a little bit here tesla ceo elon musk will buy twitter for $54.20 a share, or $$44 billion in a deal that will take the popular microblogging service private because he feels not quite popular enough. it hasn't been gaining users and it has not made the kind of money that elon musk feels it

could make, so that purchase price actually represents about a 38% premium to twitter's closing price back on april 1. that was the last trading day before elon musk disclosed his approximately 9% stake in twitter so here's what we know. he secured about $25.5 billion of fully-committed debt and margin loan financing and then he is providing an approximately $21 billion in equity commitment , so charlie as i mentioned, just landed. he's been following the twitter story from the start, joins us now with new details. no breakup fee that i can see. are you seeing, charlie? charlie: no, and it follows the script i told you two weeks ago when the rubber started meeting the road, and i've covered it. twitter has been shocking itself relentlessly for 10 years since it became public or nine years ago when it became public. it is failed to find a buyer. everybody has looked at the books by the way you said

marginally profitable? i don't think it is profitable. it certainly doesn't have good cash flow numbers and it's a horrendous buyout candidate for private equities you notice all of the names that popped up putting equity into this , nowhere to be found, because they weren't going to do it. that was i think a false rumor with that pop, because this makes no sense from a private equity standpoint. the only legitimate buyer for twitter based on financial metrics, based on the fact that everybody has is a crazy billionaire to be honest with you. some guy that wants to take a leap and fix its problems everything from silencing conservative critics to making a more user-friendly get rid of the trolls. all that stuff, the only way you can really do that and take some chances is as a private company. the best person to do that is a warren buffett or elon musk.

it isn't buffett's cup of tea but it is musks and here's, i'm reading these headlines this morning in the wall street journal that, you know, in a major 180, it was no major 180 here. the board of directors sat down and twitter and their bankers at goldman sachs -- liz: well they did have a poison pill they put into effect, charlie. they didn't like the initial deal. charlie: i don't care. i don't care, they were doing that just to try to get him to up the bid but here is the bottom line, and buy some time. maybe out of the goodness of warren buffett's heart he might, because they don't like elon, a lefty like warren would jump in. so here is what happened. they all sat down, jpmorgan, goldman sachs, twitter board, and they looked at their directors and officer's insurance policies and they said do you know what? if we say no to this guy, we're going to be sued to kingdom come jamie dimon and david solemon,

the jpmorgan ceo's respectively and goldman sachs respectively, would have to explain to their major clients why they walked away from a huge premium on the deal and they couldn't say, by the way, that hey, this thing traded at 77 last year, because guess what? last year jerome powell was just fueling the market with money. that's cheap money, that was a fake number. liz: and charlie so the stock was halted. charlie: let me finish. what they had to do is justify saying no to the premium you offered and the fact that there was negotiating going to be another bidder, and they were smart because they were going to be like crazy. liz: okay so right now, twitter is still halted so we're going to keep the bug up. we've put the bug on the lower right hand side, so it is halted at 51.63, interesting to see where it will go. let us look at tesla, if you can interestingly, tesla, the company that really, many tesla shareholders would really feel needs his 100% attention is

falling 2% right now. let's see it opened at 979 so it's above that at the moment, but today, hold on hold on, today it had been as high as $ 1,008. charlie: but that doesn't tell the full story. tesla had a really good quarter. stock went up. this was a perfect time for him to do this. here is something else that people forget. tesla's clearly overvalued by any normal metrics. if you're elon musk, what better way to start putting your over valued shares to use than buy something like this and by the way he now becomes the most important publisher in the country right now. i know twitter's got a lot of thoughts and this and that but it's still an important medium for public discourse, everybody is on it, everybody that is in the sort of news-making capacity is on it. it's very efficient in terms of spreading news. he's now the most important publisher. he's more important than the so

ltsburgers, more important than bezos at the washington post and he's reached another level and my guess is he's looking back saying you know, tesla share, when the fed starts raising rates they will go down like everybody else. it's the next thing in my career and it's a brilliant deal i think and you know what here is the great thing about it. it's private. it's not like disney has to go out and buy and justify it through its shareholders. this is a private company. they can fix it, they can do whatever they want with it. shareholders are finally getting paid. it's the people that ran twitter for years have nothing they have nothing to complain about. it's the shareholders that have a lot to complain about and for once, the shareholders did okay, and -- liz: check this , charlie. check this , twitter still halt ed, we want to let everybody know that. dwac, this is of course the

spac that is part of the truth social, social media group that donald trump had put forth, falling about 13.5% at the moment and we're looking at some other social media names, meta was higher, it's flat to slightly lower, snap was higher, it is now down about half a percent, interest up three- quarters of a percent i don't see that as a complication to twitter. charlie: but the social one, the spac , that's the big loser. i mean, listen. elon musk has not addressed the elephant in the room, will he let donald trump back on the platform but i guess by all in tense and purposes, he is, everybody knows and says he will and other people will get back on, i think al sparenson banned from twitter because he said some stuff about the vaccines and covid i think he gets back on and there's going to be an un canceling of blue check marks that elon will engage in

and you know, that's bad for social. also bad for social is the fact that their technology didn't work. i tried signing up for that and i still haven't got my notice. liz: you're talking about dwac, now down 14% this is digital world acquisition corp. which of course is donald trump's truth social company. let me just say, folks, that twitter is now trading once again. it is jumping about anywhere from 6% to 5.9%, it's moving all over the place here it's at 51.85, and as we watch the intra day picture right here, you can see that it is on the move. it's not exactly skyrocketing. i'm wondering now if we bring in the floor show traders exactly what they think is happening, is this sort of hold on the news we're hearing from the twitter ceo now as well, parag agrawal, he of course of twitter has a purpose and relevance that impacts the entire world, he says. deeply proud of our teams and inspired by the work that has

never been more important parag agrawal tweeting just this moment. don't know what happens to him but i highly doubt he stays on board, because elon has made it very clear he was unhappy with the way the company was actually moving and the direction in which it was trajectory in that point let's get to kenny polcari and scott redler. scott, i have to give this to you. you were the one two weeks ago who in that unbelievably timed tweet, you said i'm buying options on twitter. what do you make of this and the price move here, it's up about 6.5% now. >> well, a deal is when it gets done is usually always discount ed because you never exactly know if it's going to get done and pass all of the regulatory hurdles and this and that but at this point it's trading what, $2 below the 54 that's probably where i would have thought it would open for me i was hoping that maybe, he would up it to like 58 to 60 because i do think the most traders out there probably have $50 calls thinking that hey, you

know, it gets up to maybe you could get six, seven, $8 for the options so right here, at 52, it's not the best trade but it's still a few hundred percent. i'm just glad that it's done and we can stop talking about it and hopefully he does a better job with the asset than management has done for the past few years because we know that it's under developed and was mismanag ed. liz: hold on one second we got another headline and this is interesting because we were just showing dwac, which is of course the company, truth social of donald trump, that stock falling about 16%. it is still down even on this , and this according to fox news, donald trump will not return to twitter, despite elon's purchase of the platform, this of course of truth social, okay so he's saying, i believe, he will be using his own platform, which of course is truth social, not helping the stock of dwac but is it hurting the twitter move

because a lot of people thought oh, donald trump will be back. no it is not. you can see twitter still moving up about 6.25%. you know, kenny? very interesting move here, and as we watch and see what has come to pass in a rather short time from april 1 which was the last day it closed at, you know, a price that people did not understand, that elon musk had already been in there but then it became public on that money, and here we are at 51.95. it's not at the buyout price, so that appears to have been a fair price of 54.20 that he offered. >> yeah, i think that's true and scott made the point. it's not trading at 54.20 because it has the time value of money and to scott's point if something should get in the way whether the regulators prevented somehow some way, but as it gets close to the date whatever that date is going to be because i don't it's defined yet i didn't see a defined date yet. this year, so is it the fall, is it december, august, whatever it is, whatever that date is, then you'll see twitter will then

come to the price of 54.20 but until that date is known, it'll trade at a small discount, but i think it's all very exciting. i'm not necessarily sure that the donald trump news, i don't think it's going to affect twitter at all in terms of if people think that he bought that because donald trump was coming back and was going to change it, i'd say it wouldn't be the reason i would buy it but i'm still excited about it, let's see what happens with trump, what does he do? try to go out to truth social and challenge twitter? we'll see how it all unfolds. liz: you're still bullish, scott redler? >> i think most of the games are out of the way. the deal is done. it'll probably close at 54, $2 away there's not much to do any more, so there's nothing to be bullish on. it was great to be bullish before april 1 when the stock was trading 30% below but right here it's just a matter of what he's going to do for the greater good of the world, right? is he going to clean-up, give it the open forum? hopefully he gets rid of all of

the fake news from verified individuals because that's the problem on twitter is when a network or news station comes out with an article or things are facing these people leave it as far as our opinions, they should be able to be open and everyone could debate our own opinions, we're regular people and people believe news releases , they believe news stories and those can't be fake. they need to be verified so this way it doesn't, you know, push public opinion around when it doesn't have to be so let's hope he curbs that and turns it into a better place for the overall world because he said he doesn't care about profits. liz: guys i do want to just quickly bring to the forefront here that the dow had been down about 488 points at the lows of the session. it's now up about 38 points. our charlie brady, our managing editor, pointed out that bond yields had started to fall the two and the 10. if you look at them now we have the two year and 10 year. two year is at about 2.61 i believe at the moment. we've got the 10 year at 2.8. yeah, and earlier today, i had

the 10 year just, well, you know friday it was certainly higher than that, so we see the bond yields coming down that suddenly becomes bullish for the markets, kenny? >> yeah, because i think what happens is it takes some of the pressure off, that there's a little bit of a yield, a move to safety in bonds and therefore prices go up the yield will come down and maybe it's going to take that edge off of we have these surging out of control interest rates and so it makes perfect sense, i also think the market was in a little bit of an oversold position so a bounce here is not surprising. liz: we're going to take a quick break, kenny, scott, great to have you we're watching twitter still up about 5.7%, on the news , that elon musk, the self-made billionaire has decided to buy twitter and twitter has agreed unanimously. all right we are coming right back with the ceo of plug power, stay tuned.

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liz: we need to get you this news, little red corvette is going green. look at this.

♪ liz: oh, yeah look at that thing , general motors today announcing its plans to produce a fully electric chevy corvette as early as next year, on the heels of ford's f-150 lightning and all electric mustang, gm now the latest car company to offer an electric vehicle version of an iconic traditional fuel model. from e-corvettes to fork lifts though, yes, walmart just announced the deal with green hydrogen maker plug power to deliver up to 20 tons of green hydrogen a day, to power 9,500 fork lifts at distribution facilities all across the country. nearly 15 years ago, walmart pledged to become more sustainable and as it now aims to hit zero emissions by 2040 is this fork lift going to be viewed by corporate america not just as an environmental move and a one off but simply smart business?

joining me now live plug power ceo andy marsh on how the big walmart deal came together and what's next for green hydrogen. this is a stunning deal for you guys and i must say you'd had a long term relationship with walmart, you've been producing these things piecemeal for a while. how did this bigger deal come about? >> well, liz, we've been partners for a decade, and over the time, i think the best note is 25% of food in this country during covid ran through plug products with walmart so it's a relationship which is well, well established, and this is really just a start. this is 20 tons of green hydrogen primarily for their fork lift but we're looking for other activities associated with on-road vehicles, very much like what we're doing with renau lt in france to looking at stationary power to backup their distribution center s. it's just to give you a feel, we

felt more hydrogen refueling stations than anyone in the world over 180, about 50 at walmart facilities, so plug has been at this a long, long time and we are the leader in this industry and i think this deal signifies that. liz: let me make it clear to our viewers, you guys manufacture the actual green fork lifts. it's not just the fuel but you're working on 20 tons per day of the fuel to be delivered. people need to understand that fork lifts, the smaller ones, they operate inside warehouses and things like that, so you can't, it's really not healthy to have the diesel fuel spewing out there. how soon can you ramp up, andy, to 20 tons a day? >> liz, we will have 70 tons of capacity by the end of this year we're building a 45-ton plant in alabama and new york as well as a 15-ton plant in georgia and have a plant that we're building in california, so plug expects,

you know, plug has the capacity to do it today. liz: i want to make one point too. walmart is not just doing this because they think it's a one-off and nice to say we're sustainable. since 2008 we can show you the chart the stock was at about $55 a share for walmart. you see where it is now more than $100 in fact i was last looking at it walmart, $157 since they announced back in 2008 they were going to do this , plug power you guys turned around. you were down earlier, and now you are up. you are moving higher, andy, we want to go visit your plant, we want to see how this works. thank you so much for joining us >> thank you, liz, i'd love to have you there. liz: we're going, we're going to make that happen. andy marsh ceo of plug power we're coming right back stocks are at session highs we do continue to watch twitter up more than 6.25% right now. so you only pay for what you need?

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liz: okay you want to know what a third of a percent gain in a stock looks like? take a look at shares of berkshire hathaway ahead of the return or berkshire hathaway famed annual shareholder meeting this saturday where 35,000 faithfuls flock to omaha, shares up one-third of a percent translating to $1,260, for a grand total at the moment, per share, $506, 700 and look after covering the annual shareholder meeting for 14 years i'm going out on a limb to say none of his investors are ever worried or truly excited about day-to-day fluctuations in the stock. they are all in it for the long term. buffett's famed value investing has brought long term shareholders stunning riches, since buffett took control of the one-time textile company back in 1964, and began building it into this conglomerate of some 80 businesses, the stock has shown compounded annual

growth of 20.2%, compared with the s&p's 10%. over the 57 years, since he took control, the stock has gained 4.3 million percent. in other words, $1,000 invested in berkshire back in 64 when i was just two months old i wish my dad had a thousand bucks back then to spend on this thing, it would now be worth $43.6 million today. how has he done it and whose been smart enough to profit from him and work for him? do not miss our coverage this friday, as the "clayman countdown" brings the show live to the floor of the convention center in omaha, nebraska ahead of the meeting we've got an all-star cast on friday, of buffett investors and managers of some of his most iconic and profitable businesses. he's been smart enough to have purchased in the early years. weekend with warren begins friday, right here on fox business.

we've got this fox business alert, two stocks in the green this hour have morgan stanley analysts to thank first we have morgan raising palo alto networks price target to $823 a share saying it's poised to become the first cybersecurity company with a $100 billion market cap within the next two years. shares are at $597 up about 4.5% then, morgan also upgraded penn national gaming to overweight saying the gambling and e-sports company has an attractive valuation. now the shares lost 27% this year which morgan stanley says presents a buying opportunity, they are a big believer in pen, jumping four and a third percent and we've got flutter entertainment down 1.5% remember when putting the words betting and baseball together got cincinnati reds coach in major trouble, how times have changed. today fan dual which is part owned by flutter announced it has inked a deal to become the official sports book partner of the new york yankees.

the agreement expands to previously-established relationship between the gaming company and the major league baseball club. financial terms of the accord not disclosed. all right, we have gold prices hitting the lowest level in four weeks, as bets for a hawkish fed boost the dollar and pressures demand for gold down about 1.6% at $1,901 per ounce, gold minor shares let's take a look at those they are sliding on the precious metals decline, we have barrick down 3.6% spider gold trust gld down 1.6%. we're checking twitter now it's up 6 and one-third percent so holding on to the gains adding just a bit since halted about 40 minutes ago it's trading once again as you see , rivian auto that's the largest ipo of 2021 a $13.7 billion deal in a record year ipo's last year, but this

year, 2022 rivian's year-to-date loss of 67% is not the only ipo dramatically falling. why has the number of ipo's dropped off a cliff? new york stock exchange vice chairman john tuttle joins us next to tell us if he thinks we've reached peak ipo and we'll ask twitter of course, now it's going private. we'll see what he thinks about that closing bell ringing in 27 minutes dow is now up 182 points , s&p better by 13 and the nasdaq climbing 114 points we're coming right back. an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others.

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liz: twitter shares holding on to the gains that we have seen, following elon musk's twitter takeover news. yes, tesla ceo has gotten the all approval from the entire board to buy the company for $44 billion, works out to $

54.20 a share, right now the stocks at 51.89 still a gain of 6% and holding. the deal when finished, completed this year, will take the social media company private purchase price 38% premium to twitter's closing price on aprif course before musk's 9% stake in the company was revealed. trading volume for twitter today stands at 150 million shares, but triple, that's triple the average daily volume and speaking of volume, twitter of course trades on the new york stock exchange, famed piano maker steinway announced it'll be tuning up for an ipo on the new york stock exchange. the ticker symbol stwy. remember it had been public and traded under the lvb ticker, that was fun, but then they went private and they sold to private equity but now they are going to relist when you look at the ipo picture its been a skinny season for the whole ipo market in this

first quarter of 2022, just 77 companies have made the jump to public markets. that's an 81% dive from 2021s record ipo year, where 395 businesses went public in just the first quarter alone. let's find out what's going on join me in a fox business exclusive, nyse vice chair john tuttle. good to have you, john. i love the steinway relisting because if you can't afford the whole piano you can buy a share of it but congratulations on landing that but these ones to land are few and far between. what's going on is it just market conditions fear, why so few ipo's? >> part of it is market conditions and it's helpful to pullback the lens a bit and have a broader perspective on this. in 2019, we had no ipo's in the first quarter due to the government shutdown, liz, you'll remember. in 2020 we had a pandemic. 2021 was a record year, and this year yes, we have seen a slowdown. now that said there is a strong

backlog of companies that are gearing up and continue to be prepared to go public and there is a pipeline of companies that are thinking about coming to the public markets, so yes, there has been a pause. some of it driven by market-wide volatility and geopolitical activity as well, but i don't think it's a question of if these companies go public really a question about when. liz: i get it because when the market chills, it really chills fast. i think it was warren buffett who said the light goes from green to red and sometimes without pausing in yellow, so so i get it but of the 77, i believe about 70 went to the nasdaq. tell me exactly why you think that's happening and what you plan to do to get that leadership position once again. >> well i think of the statistic you just mentioned i think only seven of the companies actually qualified to list on the new york stock exchange so that's a relevant context there but what we really look for is high-quality companies that are looking to go to the public market, & compan ies that value certainty of execution, companies that

valueless volatility, particularly in this environment or being amongst great global well-governed companies that place their trust in the new york stock exchange. now that said if we look at the companies looking to go public in 2022 or in that first half of 2023 they are from all around the world so you'll see a lot of activity coming out of southeast asia, latin america, companies from europe as well, and then from sectors, we had a company last week from energy, there's been few energy ipo's over the past few years came out, priced well, trading well, and so hopefully that's a signal that you'll see more companies from that sector following closely behind. liz: and when you look at the shift in the dna of last year's ipo, we got to look at the spac market and how that's dropped down rather precipitously. your former head of the new york stock exchange was just on the show two weeks ago talking about spacs. he really was quite dismissive of the spac market, he felt that it was a mess, here is what he said and we also asked him about the role that an exchange plays

in making sure investors don't get burned. listen and i'll let you reply. >> well from an investor point of view, they've been a disaster , liz. just this first quarter, 2022, i think it's a shared responsibility that both the exchanges and the sec have in terms of disclosure to prospective investors. liz: i almost think john you've answered this question because you said they have to qualify to come on and that of course dick grasso, but i want to just jump into the spac issue very quickly and ask you about twitter so give me your thought about how you vet spacs before they come public. >> first of all our listing will sit on top of the sec's rule and as you see from chair gensler who has proven to be a very effective regulator at the sec and in his previous time he cftc spacs are an area of focus and the sec wants to make sure as market conditions evolve , dynamics, so does

regulation and that caused a slow down in the number of spacs coming to the market, we have listed a command full this year but far fewer number than what you see come to the broader market over the past 12-24 months. liz: john the big news today twitter is going private twister lists on the new york stock exchange, what does that mean for the when a company looks at in the collective mind of sort of media, on the nyse, it's not trading anymore. >> i was very proud to be part of the nyse team in november of 2013 that welcomed twitter to the new york stock exchange and credit to elon musk in all of his ventures, he certainly increased investor interest in the markets and today is no exception as well. it is reported that twitter will be going private and when they are ready to return back to the public markets we'll be ready to welcome them. liz: maybe. that's the first person who really brought that up, i like that idea. okay, john, love to have you thank you so much for being here >> thanks so much liz. liz: john tuttle of the new york

stock exchange, billionaire businessman ben weiss is on the search for the next billion dollar idea telling us all about his new show on fox business prime which airs this week, stay tuned we're coming right back, dow jones industrials moving higher by 225 now. ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock? your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do.

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♪ i'm ben weiss and i sold my business for $1.7 billion ♪ i'm proof of the american dream. now, my purpose is to find the greatest entrepreneurs in america, and help turn their idea into the next billion dollar idea. liz: okay, can i just make

something clear here? ben weiss when he first started had card tables out on the street giving people free tastes of his drink. he started at the very bottom, billion dollar idea is now the latest addition to the fbn prime lineup, and ben weiss is searching for the next big billion dollar idea, here he is joining us in studio. welcome to the fox business team >> well thank you for having me liz: we're thrilled to have you here but i love this story idea and tell me, is it like a game show, how does it work? is it like you get ideas and you see which ones smell good and taste good? >> well, i wouldn't call it a game show. it's basically the search for the next big billion dollar idea and the entrepreneur behind the idea because as you know and you and i go back it's as much about the entrepreneur as it is about the idea but what's great about the show is it takes me to 15 cities to see 15 entrepreneur s and i literally knock-on their door, they need me for the first time when i knock-on the door, i get to meet their idea, meet them, they take

me into their basement, i get to meet their families because make no mistake the families go on these journeys with you and you need that support and dream alongside your loved ones, and i determine of the 15, i choose six to come back to my basement which is this underground speakeasy in trenton, new jersey and it sits underneath my new entrepreneur company and in the basement in new jersey they get to compete with challenges that are based on my book, that really measures their mentality, their ability to usher an idea, to market when quite frankly nobody cares. liz: when nobody cares, and everybody is saying no, or this isn't going to work. >> constant rejection. liz: and you sat in your basement for years whipping up and making it happen. what is that special something that you look for in both the entrepreneur and the idea? have you made a great entrepreneur with a stinker of an idea? >> yeah, i'm one of them. i've failed as much as i've

succeeded and i'd rather have the great entrepreneur than the great idea because ideas come and go. liz: let's look at one of the first episodes here and i want our viewers to listen it's entitled "the dripper, the painter and the poop stick maker" here it is one of the billion dollar ideas. take a look. >> that's your biggest hurdle is that people look at this as overpriced. >> greg is proving he can be a great candidate to wipe out the competition in-stores across the globe. >> i'm ready to pay. it's going to lock against your hand. >> look at that. >> but listen this could be a paint brush, that the majority of papers are just not going to pay extra money for and that could be a big potential draw back. >> okay so i'm really that is really cool. >> it's effortless. >> i've got to be honest with you and i'm working with a bad wrist. liz: okay free form paint brush what about this did you love? >> i don't even know if he realized how strong he was and you'll see it on the show but

for me, every great journey has a beginning a middle and an end. you need to understand why you're about to take on whatever you're taking on, the sacrifices that you can take, and there's got to be a strong reason for doing that. he has that. he also has a business that's actually working and makes sense liz: what about drip and poop stick, do i even want to know? >> well poop stick has a very large addressable market which is working for him. dripsy is trying to reinvent, you know, the strainer and the question is does the world need a new version of a strainer liz: how does something like that which i don't know what the price point is but a couple bucks come into a billion dollar idea? >> you'll have to tune in and find out. liz: there you go. >> it's about the entrepreneur as much as it is about the product. liz: i think this show is going to really stimulate people who are watching to say you know what? if these people can do it so can i. >> liz, 5.4 million new businesses registered in 2022 on

the other side of the pandemic, 25% more than 2019 which was the high watermark, and a lot of these people that are doing this , don't even have college degrees. so i think that, you know, what i bring to the table is i think being obsessive about your product can get you out of the basement into a billion dollar exit. liz: i discovered you, you were on my show many years ago it was brand new and then of course check out my podcast because i interviewed ben more than a year ago. congratulations we're so excited that you're part of the team. >> i appreciate you. liz: ben weiss, the show is called billion dollar debut, it all gets started tonight 8:00 p.m. eastern watch how america works with mike rowe followed by my dream car with danielle tratt a at 9:00 p.m. on fox business twitter is still up about 5.9%.

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♪. liz: the dow has had a 700 point swing from trough to peek. the trough was loss of 488. we're up about 217 right now, pretty significant move here. big turnaround as we started to see bond yields come down. could it be that there was some type of a market excitement once it was announced, yes, confirmed elon musk will buy twitter? minutes ago elon musk tweeted a screen shot of a statement where he says quote i want to make twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust and defeating spam bots authenticating all humans. twitter has tremendous potential. i look forward to working with the company and community of losers to unlock it. very interesting. the stock now 51.82. buyout price 54.20. so it's a gain of 5.9%. continues to hold. watching it very closely. we had john tuttle of new york

stock exchange where twitter has been listed. i said, it is going private, you will miss it? we'll be more than happy to welcome it when elon is ready to relist twitter to make it public. we shall see. let's get to our "countdown" closer. we've been watching financials all day long. they have in part turned around. citi an bank of america slightly lower with morgan and jpmorgan chase slightly higher. our "countdown" closer says of all the names on the screen he is picking one he thinks has the best advantage to cash out on your portfolio. the portfolio manager of clearbridge. we've got about $190.7 billion in assets under management. and you, you say it is bank of america. that is a buffett favorite too. tell me why you like it. >> yes, i think overall banks have come in a lot lately which we think is providing attractive entry point. we're constructive on the banks for a couple of reasons. first of all interest rates as we all see are rising. we think that bank of america is

the best positioned of all the banks to benefit from that. it has the most leverage to rising rates. that is a big positive. we'll see increase as year goes on. from a risk perspective, from a credit perspective, bank of america, many banks are well-run we think bank of america is most conservatively run of all of them. from a business perspective has lowest risk. slightly less than 2 1/2% yield, 10 or 11 times earnings with very strong balance sheet and very strong credit outlook. we think there ask decent upside case from here as investors realize rates are rising, we're not likely adding into the session. liz: michael, it has been a busy day. we have 30 seconds left here. what a turnaround from low to now the highs. do you feel the bull market is very much in play, even as high rates are coming? >> yeah i think we're pretty cautious on the outlook, expect continued volatility. we think with inflation, rising rates, geopolitical uncertainty, with elevated asset values, old

saying go sell in may, go away. we're cautious going forward. liz: wall street climb as wall of worry. with all the worries we're climbing, michael. thank you. the dow is up 237 points right now. [closing bell rings] 252 climbing. s&p up 76. nasdaq up 171. big news elon musk buying twitter that will do it for us. "kudlow" is next. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. great pleasure to be with you, political earthquake. that's right. political earthquake as elon musk purchase of twitter. now financially it is the same offer as a week ago, $54.20 in cash, transaction valued at 44 billion. twitter become as privately owned company. 38% premium of twitter closing stock price on april 1. that is great for the shareholders. financia