succeeds in the autonomous car prodigy and had to put up before they got these massive wind falls but not in silicon valley where once you're in the club, you get to feast like an emperor and all those billions some from suckers that think they're investing in the american dream and they're being ripped off and it's too bad so many people are more outraged about this fictitious somehow than the real life -- show than the real life ripoff and one of the biggest in history that continues in silicon valley and keep putting pressure and shining the light and we hate that the average person seems to get ripped off every single time. you don't want to buy a stock at $36 and two years later it's at $6 and the person that sold to you livings in an $83 million $n mansion. live claman, over to you. liz: we've seen that well before the silicon valley companies. charles: they've taken it to a

different level. they've perfected it. liz: charles, thank you very much. charles: you got it. liz: look at all the green on charles' graphics here and we have green on the screen. color the markets and risk on kicking off the last 59 minutes of trade and investors appear to be banging the buy button sprinting towards the finish line and dow jones up 278 points and new session high and russell moving higher by 15 points or three quarters of a percent and i'm squeezing into the middle here and the nasdaq is a big story with a gain of 193 points and then you've got the s&p up 50 points and, yes, the broad advance includes a lot of tech names and a trade that had run out of gas last couple of days and once again zipping along at a very good clip. tesla 1.8% gain and flip over to micron, despite missing

quarterly profit estimates by more than a dollar and revenues tanking 53%, shares of the semiconductor company on fire up 7.34% and ceo said in a written statement that he sees better "supply/demand balance coming in the near term months". call this optimistic of seven and three quarters percent and stock has gained 26% year to date. where do we stand on regional banking crisis that charles was mentioning? that sucked all the oxygen out of the room the last two and a half weeks. right now oxygen flowing back in, green on the screen and credit suisse and shotgun marriage forced by the

swiss bank and ubs bringing back sergio armante to lead the bank and he's known for first go round at ubs as the guy that slashed jobs and installed the culture of risk avoidance that's kept the swiss financial giant very stable. shares -- investors are very happy with this move, up 4.34%. look at vicks and volatility and definite evidence on wall street that there's a calmer, calmer move on wall street. it now stands below 20 at 19.21 and investors calming down and hunting for the leadership group and appear to get in in the moment and bring in the floor show trader and good guys experienced enough to spot the trends developing right now. teteddy weisburg, good to see yu on the floor.

where are you heading? >> you hit the nail on the head, liz. the rally is broad based and green on the screen almost everywhere and that's always terrific and the volatility hasn't left and today is a good positive day and positive they need the tech sector to do better and we have a lot of green and most importantly being led by the techs and that's a positive for the market, at least short term. liz: well, do we believe it is the question. scott, you're our vicks guy. what is the calmer volatility index? so many tsunami waves there flag around and like ripples and any flows that deduce where the next big trade is? >> yeah, liz, volatility or the vicks is too low right now and

that could be due to, a, the easing of some bank stress that people were thinking about and realizing and seems like an eternity and next week is a short week because of a holiday and people are playing ahead of that and we have gdp tomorrow and pce on friday. i think volatility is way too low and it's weather you want to buy some upside in the vicks or even just buy some premium in the spc or any of your favorite stocks or even etfs in the smh or xle, volatility is way too low and order flow what i'm seeing is as teddy mentioned, big order flow coming back into tech. yes, over the last couple days and nasdaq gotten a hit just a bit here and that could have been profit taking there's a lot of money going back into big

tech and semis and that's why i like the smh here. but keep in mind volume has been very low for this week. it is very, very low compared to what we've seen over the last three, four weeks or so. liz: teddy is a volume guy and cpe. that's the fed's favorite inflation data point and we're looking for the core. food and energy for the personal consumption expenditure coming out on friday and so, teddy, teen now and then, what do you think happens and what positions should be taken? >> we're right at a couple days to go on friday and end of the month and quarter and then it's a few days into first quarter

earning ands interesting time of the year and when we get into the earnings period, the markets tend to have a positive bias and a lot of folks out there really negative on it, i've been negative and i still like the trends and the problem with the markets in general is you get one good day and all of a sudden we've got everybody positive and you think we're off to the races and then tomorrow comes and they take the bottom out. so i think you need to -- i think you need to be careful. i think we continue to be in a relatively tight straight trading range where numbers dependent and still a ton of unknowns out there and i would agree with scott that the banking crisis such as it was is kind of yesterday's story and we move beyond that but that created a tough couple of weeks for the markets and for a lot of folks. that hopefully is behind us and we'll get a lot more bank regulation going forward, which is a negative for the chicago, a

big negative for the economy and one more bump in interest rates and all in all the worst is behind us and markets had every reason to sell off but yet we sort of hang in there. maybe we go side ways and hang in there and hope that the next leg is positive and not negative. we just need a good catalyst to get it going, and it's sustained open move and catalyst it not quite there yet. liz: not quite there yet. and again, we don't know what's going on beneath the quick sand there and could be still a problem with the regionals. really quick, scott bower, if we can punch up first republic, it's having a solid someday, up 4% and we know this is a company that really had a horrific range and it's $173 stock. within the last 52 weeks and right now it's at $14. do you still expect some more problems here? >> i don't think we've seen the end of it, and i do think it'll carry on for hopefully not

months but weeks and taken out by the bigger guys. liz: good to see you both. teddy, how about it back in the jacket. good to see you. >> no wonder he looks happy. great to see you, scott. it's not just ubs bringing in a leader that's got a little gray and experience around the temples. what's old is new again when it come tots c suit lift joining the nod and to 50 something veteran business leader withs years of experience at names like microsoft and amazon. incoming ceo david has heavy lifting ahead of him. he's one of the guys and what's the best idea if he likes that. he says i don't have any gray around my temples at all, liz. what are his best ideas as a ride hailer trying to race past or catch up to uber.

we have david risher, the new ceo of lyft next and closing bell 50 minutes away and "claman countdown" coming back and dow charging higher by 260 points. ♪ you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. with dexcom g7, you can achieve diabetes res without fingersticks. see how exercise affects your glucose, making it easier to spend more time in range and lower your a1c. manage your diabetes with confidence.

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>> last 36 h how shalls, we'veda fascinating trendy americaning from board rooms and some of the biggest companies bringing 50 and 60 something veterans back into the fold. oscar health hired 66-year-old former aetna ceo to the hell and will at one point yesterday oscar's stock was up 91% on the news and today adding 17.25%.

blooming dale ceo got the nod to parent company macys top and he'll run that company starting april 1. and as we mentioned former ubs ceo62-year-old sergio is returning to the top job at the swiss bank after it bought credit suisse and lyft founders are stepping down and amazon executive david rusher that sits on lyft's board will be in the driver seat. we look at stocks and aside from macys slightly lower, ubs slightly higher and lyft slightly higher and investors like this trend if that what's we're seeing and as we bring until the man charged with lifting up lyft, incoming ceo david rusher. we have to find out, david, lyft picked you as the fresh set of

eyes and you have a big job ahead ovyou. >> liz, i didn't know we were talking about revenge of the old guys but i have a lot of experience to bring to the job. liz: ceos and companies and boards are realizing. i want to know what your first sort of target is to fix what is a flagging stock, terrible six months over the past six months, not great year to date, year over year, what's your plan? >> i mean what a great challenge. look, first thing is we are going to build a great company that's a profit and will strong company, there's no question about it. what we're going to do is focus on the customer with a laser and customer i'm talking about here is the passenger and driver. we built a $15 million bookstore into a billion dollar everything store when i was there. and we did it by focusing on the customers. we'll pick you up when we say we are. we're going to give you a price

that's in line with what the competition does and we'll drop you off on time. that's the goal. is get back to the basics. liz: uber has a more diverse area of business with uber eats and have trucks and you're different. you're here state side, you're not international. what will change? what do you nighed to do to changes the -- need to do to change the profile of the company beyond giving people good experience? >> yeah, it's interesting and jeff bezos talks about what changes and what stays the same. i actually want to start with what stays the same. what stays the same of course is people really want to be picked up on time, you know, drivers want to make good money and so forth and so on. that stays the same. the other thing that stays the same is we've got a brand that is iconic.

people want lyft to win or at least to be competitive. that's really important and our first order of business on the change side is remind people, we're hereby and we're here for you. we want to get you out and back in society after covid, and by the way we're not also in the business of delivering pizzas and tuna fish sandwiches so you can be pretty sure when you get in our car, you're not going to have to deal with that issue that maybe the guy just dropped off a tuna sandwich at an uber eats house. liz: let me maybe give you an idea because this is what i hear from shareholders and uber users. uber drivers lately are canceling right and left. you guys could certainly grab a whole butch of new customer ifs you were able to ensure people's

rides to the airports aren't saccanceled three seconds beforehand and happens to me and people i know and people in los angeles that happen to live up a slight hill and suddenly uber drivers cancel. what can lyft do? >> i tell you what, you were right to hate that with a fiery passion. you know, the multiple cancellations or i tell you what gets me and that is looking at the app and seeing the car drive the wrong direction. my blood pressure, which is pretty good typically because i'm an old guy, i monitor it, it skyrockets and my ears burst off my head and look, that's the sort of thing that i think a company that's laser focused on our customer experience is really going to get right, and i like our chances there. you know what, we're going to fight it out and customers want that and drivers want it too. liz: you've said pretty solidly and focused and you say lyft is not up for sale. okay, let me flip that around, are you looking to buy and make acquisitions?

i know you have a pretty good pile of cash on the balance sheet. last i saw was about $is billion. $1 billion. i don't know if that's correct still. might have been updated but other tentacles of this type of business? >> you know what, both on the buy side and sell side. we're always open to sorts of opportunities and it's not our focus but it's not something we're not going to pay attention to and need maximized value for the shareholders and our job one, is to remind customers why we're an alternative to the 800-pound gorilla in the scream focused on them and packages and pizza and other things and how we're going to really work pretty hard to earn their ridership back. we've fallen a little off to the side and it's time to really come back and really make a big statement. statement l

liz: laved, here's to the 50 somethings in the world hoping to lead these companies and hope it's only up for you. please come back as we watch the trajectory of lyft. >> thank you, liz and quick shout-out to someone. urn talking about intel having a good day and i tell you what, pat gallagher is the ceo of intel and took five seconds and showed me a congratulatory note and that's what you get with age, you get stuff that matters. liz: i know. i happen to know. good luck. thank you so very much. we'll see you next time, soon. we want to see you for earnings day too if that's okay. >> sounds good. we'll try to make that happen. take care, liz. liz: even if the news isn't great, weigert it, it takes time. thanks so much. no downward dog for lulu gear

stock. find out why they were doing salutations today for the stock. the dow brand new session high up about 317 points, s and, up 55 and nasdaq up 214. 55 and nasdaq up 214. we're coming right back. ♪ [alarm] >> instructor: veer right. [ringing] >> instructor: and slow down. >> tech: so when he got a cracked windshield, he turned to safelite. we're the experts at replacing glass and recalibrating your vehicle's camera, so automatic emergency braking and lane departure warning work properly to get you back on the road safely. >> instructor: and that means a lot! >> tech: schedule now. >> singers: ♪ safelite repair, safelite replace. ♪

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transition towards green steelmaking. having recently completed an expansion to double the company's production capacity at its mine in eastern canada, champion continues to deploy its vision with organic growth projects. champion iron century lithium is advancing their clayton valley project towards production, with the goal of becoming a domestic lithium producer for the growing electric vehicle market. nevada's lithium is the key to america's green future. century lithium liz: fox market alert and we do continue to see quite the rally and we started at the top of the

hour saying stocks are sprinting toward the finish line and we've got 34 minutes left before the closing bell rings, and when we started the session high for the dow was a gain of 265. we're up 306 points and session high 221 points higher just hit r up 1.8% lululemon catapulting to the top and look at this gain, 13%. the athleisure clothing maker is driven by inventory and demand. the outlook is well received by analyst and following last night's report, lulu seen a flurry of hikes from web bush,

stifel, and jeffries. as higher consumers turn to lulu for their gear, they're facing a weaker than expected backdrop. it's downgrading and cutting price targets of a basket of apparel names including urban outfitters, burlington stores, foot locker and ross stores citing a noticeable slowdown in consumer spending. all these stocks are getting hit. ubs said it expects more than 20% downside for each of these retailers. bath and body works got whipped into all of this and it's falling on the ubs downgrade. ubs said a recession natural rights approach environment will weigh on the cann candle and fragrance retailer and consumers spend less on discretionary products. shares at the moment are up 6% after the company reported the third quarter earnings -- this

is either going to thrill you if you're an investor or totally annoy you if you're against it and 17% year-over-year driven by strong egg prices. it is average selling price for a dozen eggs in the third quarter, $3.68. that is up 152% compared to the same time last year. latest quarter was the sixth consecutive quarter of accelerating earnings growth. checking on ev makers at this hour, rivian investors putting the pedal to the metal and rivian up on the move about 10.8% af after the maker said te startup is slashing 18% of the work force and we told you about that yesterday and there was a report, this is what the stock is doing right now. and elon musk's tesla is up 2% today and having its best start

to any year that it's been publicly traded yet. investors anxiously awaiting tesla's all important delivery numbers and comes out this sunday. elon has always been calling for a very real pause in artificial intelligence development but now he along with apple cofounder steve was nyack and writing about ai developers to immediately pause the creation of software mother powerful than open ai's gpt4 for at least six months. we're throwing a lot of numbers and letters at you so go live to lauren simonetti in the fox

business news room. is the ai gene genie out of the bottle but can they stop it? lyrics lauren: they're trying ti don't know if they can. they unleashed a technology and might not be ready from prime time. i'm quoting from the letter here. powerful ai systems developed only once we're confident their effects will be positive and risks manageable. open ai kicked off this ai arms race that has many developers and experts calling for a truce right now. open ai's latest product gpt4 writes computer code, beat 90% of lawyers trying to pass the bar exam, and i wanted to show you this exchange from a machine learning expert, the god father of ai jeffrey hinton didn't sign the letter but shares his concerns, watch. >> until quite recently i thought it was going to be like

20-50 years before we have general purpose ai. now i think it may be 20 years or less. >> what do you think the chances are of ai just wiping out humanity? >> i think it's not inconceivable. lauren: wow, that's scary, liz. the original goal of the gee wiz technology was to elevate humanity. elevate human beings, but the end result could be anything but. now the developers are sounding the alarm that apps and guardrails could be creating more problems and extend beyond misinformation and cyber crime to big problems, liz. liz: figure as soon as everybody is worried about this and somebody comes up and we've already are had the princeton student that created something that immediately spot it is and shuts it down. let's hope all the development

and innovation works both ways. lauren, thank you. lauren: any time. liz: lauren simonetti. don't think all these warning flairs being send up by the likes of musk and wozniak are waiting on the intelligence action and adobe is creating its own app called fire fly and will it take them to greater heights? team "claman countdown" was given the opportunity by adobe to put fire fly to the test with a few crazy requests. wait till you see what it came up with. no ai though when it comes to me and my podcast or the ceo who's coming up in just a moment. we're going to get the real liz right here. venture rapt list and great cop -- capitalist and cofounder been through many crises in difficult times and the son of immigrants went from selling newspapers by the new york city subway and dominating the vc

world and been in the startup funding race for more than 50 years all the while write ago book and no red lights and running dozens of new york city marathons. even at age 88, get his take in my new everyone talks to liz podcast episode that dropped. find on amazon, google, spotify, iheart radio or wherever you get your podcasts. closing bell 27 minutes away and the gain of nearly 1% on the dow. we're coming right back with adobe's ai guy.ab le♪

we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you

have no idea! hey, guys! you're sitting on a goldmine! come on, guys! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. liz: adobe is getting into the artificial intelligence game by rolling out the latest ai feature in beta form to start. it's call the fire fly and lets users generate images by simply typing in keywords. the eventual goal is for the

software to also edit existing images including manipulating backgrounds, scenes and even adding to the picture. so adobe is rolling out the feature by invitation only so we asked for an invitation. we got an invitation from adobe, and we had team "claman countdown" do tests and sent them over to adobe and we gave them a challenge and here they are. as a cat lover and mojito lover, i asked for a black and orange cat on the beach drinking mojitos and it's logoish. i like that . the feature can create text from images so i asked adobe to write my name in orange football helmets, go browns, go cleveland. how does it shape up next to names like chatgpt and google's bard. those are texts and bring in the adobe point person on creative

digital point person, david watwanie. david, what are we missing here. i want you to flesh out what fire fly does and you hope it will do. >> first of all, liz, thanks for having me on the show. if i knew you were a browns fan, might not have come on as a steelers fan and we'll put that past for a minute. fire fly is an amazing new product from us and it's really founded on decades of innovation that we've been really building everything on around imaging and text and video and illustration and the ability here is to create a set of models that let you take your existing ideas and whatever's in your head articulate it as a text prompt and run that text prompt into a finished image or a text effect like you saw with the generated

text you put up there. liz: yeah, again, what i think is interesting here is that right now chatgpt is text. you say write me a review of the "claman countdown" or what have you. we've done that . everybody's down that and it's get ago little old. what you can do is manipulate damages and here's the question but will it be ready for commercial use and do you run the risk of using anything that might then be criticized as having been ripped off from somewhere else? that's always an issue, is it not? >> that's a really important question, liz. we from the ground up looked at what was happening in the industry and the technology and what's incredibly important is that we as a company are focused and founded our business on the line and make them do it so it's responsible and every bit of content we're training on and

it's licensed on them and with the reform we have access to and they're very careful and going into the training models and the content in the sheet and basically safe for commercial use. what does that mean and we're not infringing on copyright issues and making sure there's an ample level of diversity in the content we create and not creating harmful content and baked into the experience the ability and if any of the content gets created and we can improve the system has it goes forward and that is a really important point that all of our customers love what this can do and they need our support in making sure they can do it in a commercially safe way that's good for society. >> we type in something my headphones or a video and it will put that up at least in its best form.

david, the timing is significant to have you here with the silicon big wigs warning that giant ai is dangerous and could be shut down -- should be is what they say. put a pause on it. that's not a possibility once you get the so called tooth paste out of the tube or genie out of the bottle and what do you make of that worry and criticism from people like elon musk and steve wozniak? >> we should be thoughtful about the technology and ask the questions what is the implications of that technology on our customers, on society, and that's the foundation of how we try to omitter and i think that's the foundation of how all tech companies are all companies should operate in effect. what we've done as i mentioned is the first thing was about making sure that we source content properly because the training data that goes into

training an ai model if it's sourced properly, the model tends to behave much better and in line with what the expectations are. the second thing we've been doing is we've been very focused on something called content authenticity initiative and that content authenticity initiative has over 900 organizations that are members and it's really focused on making sure any content that's generated out of our tools or out of firefly is tagged in a way that you always know what the origin of the content was created and we've introduced a do not train tag so any artists that don't want us to train on their content can embed that in their content and follow their content everywhere it's posted. and last we also need to be responsible about the audiences that are helping build this technology. there's millions of creators that have been contributing to adobe stock and we've come out publicly and said as we come out of beta, we want to contribute

some of the revenue generated back to that community and we want them to be compensated for the work. i think it's come in on all of us to be thoughtful about how we bring this technology to market. liz: before we let you go, you as digital media at adobe have premier pro used bay lot of people to edit tiktok video and if tiktok were to get band, what kind of, i don't know, hit or maybe even pump up i guess if people turn to what you guys offer? are you expecting to be modeled for that? >> yeah, you know, we just had, we just announced first quarter earning ands we're off to a great start and saw a beat on the digital media guide and we raised for the year. that's really on the foundation that everyone is trying to

create amazing content digitally and our tools premier as another effect and winning oscars for best film like and they're being used by content creators for social and we're benefiting from that wave already and we're really investing heavily in and the amount of video being created and content is in our best interest and what happens with tiktok up for the regulators and the government to decide but we know we're ready to service that in our economy. liz: yeah and the browns are ready to kill the steelers this season. sayre about that, david -- sorry about that, david. thank you for coming on the show. >> i appreciate you having me, liz. liz: david wadhwani of adobe. blackrock make ago prediction here on the "claman countdown"

ahead of key inflation indicator that comes out on friday. countdown closer pick ties right in with the blackrock big wig's forecast. you got to stay tuned for that. we are coming right back with the closing bell ringing 13 minutes away and got the dow up 302 points and, yes, it's a little early to say go browns but i'm going with it. ♪ so it's decided, we'll park even deeper into parking spaces so people think they're open. surprise. [ laughs ] [ horn honks, muffled talking ] -can't hear you, jerry. -sorry. uh, yeah, can we get a system where when someone's bike is in the shop, then we could borrow someone else's? -no! -no! or you can get a quote with america's number-one motorcycle insurer and maybe save some money while you're at it. all in favor of that. [ horn honking ] there's a lot of buttons and knobs in here. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get

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♪. liz: bidding is now heating up for the washington commanders nfl team. charlie gasparino here with the latest. charlie. >> liz, this is a wild story that is confounding me and confounding everybody else as to what's going on with this because a lot is shrouded behind the scenes. you're going by secondary sources, you're not in the room. tell you what i'm hearing from the nfl meeting and correct a couple thing as well. i do hear that the bidding is heating up. that there are interested parties and interested parties purported to put down what is the base number for dan snyder to sell the commanders, six billion dollars. that is where is gets squirrely. whether it's firm six billion

dollars or contingencies. the leak has firm requirements on equity. depending who you talk to, i have nfl sources the league is dubious whether they meet that strict criteria. 30% equity. can't have more than a certain member of, number of minority owners on the thing. it has got to be a pretty clear thing. so that is where we are right now. now there are two, again, this is in the rumor mill, two potential bidders, one is in the rumor mill, one's not. one potential bidder is obviously jeff bezos. clearly he is interested. he definitely has the six billion, can put all cash. another name out there was mark cuban. i got this from a source close to dan snyder i will say this. i texted with cuban. he has no interest in the commanders whether that changes or not, when mark says no it's firm no. he owns the dallas mavericks. cuban says no interest. that is kind of where we are right now. it is a billionaires game.

it is how much of a billionaire you are when it comes to the nfl. much more difficult than the baseball. you can put together a bunch of people. you can put together 50 people and you know, make, make that the, your bid, you can borrow a lot of money. you cannot do that in the nfl. josh harris, is name you hear about with jeff bezos waiting in the wings. they obviously didn't meet the deadline for the owners meeting because i believe that is wrapping up as i speak. liz, back to you, one great thing about today, liz, not i would rather see you here on the set, you didn't wrap me after 10 seconds. liz: you know, charlie i was about to interrupt you at least but with a compliment. >> okay. liz: we know it is not lying other leagues because of your reporting over the years about derek jeter and the marlins, remember that? was it jeter? >> we were way ahead. he is no longer owner of the

marlins yes. liz: cobbling together the money and fronting, you don't do that with the nfl. >> that is absolutely true, liz, absolutely true. liz: okay, let the record note, we did not wrap you, you got extra time. >> i think i had a decent amount of time today. i, whatever. >> all right. make sure you take your sippy cup with you off the set. charlie, thanks, charlie. closing bell, five minutes away. the bulls are out in droves today, stampeding to the finish line. dow jones industrials up 306 points. nasdaq up 204 right now. right now the dow is positive for the month of march. and then, we don't know what is really going to happen in the next 48 hours because the fed's preferred measure of inflation, the core pce comes out this friday. awaited number ahead of that blackrock global income officer

rick rieder told us what he is expecting and what you should expect. >> used cars prices a big h big wishry are not coming down. >> one auto sector stock accelerates to gains in this atmosphere, argent capital management portfolio manager, how many times i say manager here, kirk mcdonald. we know the prices of certain things have been moderating, denating a little bit but still rising just at not as fast a pace. what is your trade? >> so my trade is copart. ticker symbol cprt. the founder will list johnson wrote a book called junk to gold. that is essentially what copart does, cars insurance companies total and they auction them off

for inshurn companies. it has been a tremendous business. they benefit from rising use car prices. they benefit more cared are considered totaled by the insurance company involved in a minor wreck so cost to repair them, electronic content and lack of technicians can do it. copart has significant tailwinds to the business right now. liz: they have had a pretty good three-year picture up 110%. year-over-year it has been a nice chart. again rick reider said used cars, car prices are driving a lot of inflation. copart is what you're saying might be the true beneficiary. a lot of people might not know this name. what can you tell us about the management? >> so the management of copart has been around a long time. the current ceo jay is son-in-law of the founder will

list johnson. jay has been involved with the company since 1989. in fact he is the person came up with the idea foreonline auto auctions in the late 1990s. prior to that actions were held in person. came up with the idea, often times it is hot, rainy, let's do these online. that turned out to be a tremendous idea. it has driven copart into what we call enduring business here at argent capital. generates tremendous free cash flow. growing free cash flow 18% a year last five years t has a significant moat around its business. this online auto auction has a net effect. more buyers on the platform, attracts more sellers on the platform, and more sellers raises the prices which in turn tracts more buyers. from online local reseller of vehicle, to global reseller of vehicles for insurance companies. at the end of the day the management team does a great job

taking care of shareholders. when the stock tanked in 2020 due to the pandemic, fell over 40%. they bought back a significant amount of shares. what they're doing reinvesting high rates of return to grow internationally in other countries besides the united states that have automobile insurance mandates. germany is a big growth area for them, as well as spain and the middle east. liz: you know, see, folks, what kirk just showed us is that he is a bottoms-up guy. he looks at the details of a company and he understands it. doesn't just throw out names. we want to thank you for that. kirk mcdonald. good to see you. thank you very much. look at this -- [closing bell rings] we're chiming into the close. dow jones industrials up 314 points. looks like senates dak is snapping a two day losing streak. s&p up fourth day out last five that will do it for "the claman countdown." ♪. larry: hello, folks, welcome to "kudlow," i'm larr