nobody can escape the growing impact. deaths between ages 1-44 over the last 30 years have gone through the roof, and it's getting worse. haas week my son went to a funeral for a 26-year-old girl that he knows, her boyfriend overdolessed who months before that. -- overdosed who months before that. my childhood friend if's nickname was strong, keith strong, right in he succumbed to a drug overdose. so before we go all crazy and try to save the planet, put ourselves in further debt, i think we've got a more immediate problem. let's save americans from credded drug crisis. i'm sure liz claman would agree. liz: oh, yes, 1 is 00,000 the %, gotta wrap i our arms around it. if you could realize wean the market action lines at this hour, the invisible ink would say beware the mixed market. the dow has been in the green for much of the session, kipping

a couple of times into the red. right now it's up 87 points, but the s&p, nasdaq and russell still yanked down below the surface here. we've got the s&p down 12, nasdaq down 139, the russell down 21. the dow right now, yeah, it is up, but it's been a choppy day of trading, and it's at least for the moment been able to avoid the undertow that already had the s&p and nasdaq the in the red. let's show you the heat map, you know, you can see what's hoisting the blue chips higher, and it is john soften and johnson, jumping higher by more than 4% after its subsidiary, ltl management, reached a a i an $8.9 billion deal to settle lawsuits. the deal resolves some 60,000 claims, users developed cancer. and by the way that $8.9 billion amount vaults way over the previously proposed $2 billion sum, but j&j says settlement is not an admission of guilt.

all right. what's behind wednesday weakness at least for the -- [laughter] for the s&p and the nasdaq and the russell. well, investors are recoiling from the broader market after two data the points came out today and showed hiring and services demand are indicating shrinkage. the akp private payrolls number -- adp, often seen as a precursor to the labor department report, showed 145,000 new jobs were created in march. that misses estimates of 200,000. that miss is precisely what the federal reserve wants to see, because it shows a cooling labor market which in urn the could calm the very inflation that the fed is trying to douse by hiking interest rates. but then you add into the picture the march ism services index. while still showing expansion, it grew at the slowest pace since december, and so investors have decided at least curl this session -- during this session that recession fears outweigh the hope that this data could allow a pause in the rate-tightening cycle.

bond yields immediately began tumbling. 10-year at 3.2 the 93%, the lowest level since september, and it marks the sixth day in a row that the yield has dropped, the longest losing streak many three years. there's the significant part. 2-year at 3.77%, down about 5.ing basis -- 5.8 basis points. and this doesn't help, we warned you that the bank crisis sparked by the collapse of silicon valley bank would continue to the cause aftershocks. you see stomach churn over regional bank stocks still in play, and they are very vulnerable to headlines. specifically, look at western alliance bank corp., it is lower by 1.5 the %. we're -- 12.25%. we're going to show you an intraday in a moment, comerica ca down, first republic, it's been in the headlines quite a bit, down about 3.5%. this story is far from if over: so i know you're saying, liz, where's the good stuff beyond

j&j? gold and bitcoin. while both happen to be down at this moment, they were higher earlier, and gold is getting awfully close to its all-time, record high of $2,069. we're at 2,038 right now. bitdown, which earlier hit a 24-hour high, has returned, you ready for? 70% year to date. coming up first on fox business, galaxy digital ceo and bitcoin bull is here on what appears to be the thawing crypto winter. his big prediction on a paired bitcoin bullion trade, plus why he says government regulators should be way more focused and worried about a.i. than on crypto. speaking of worries, there's always a way to trade through them, and and that's what we're here for. let's get to the floor show. we have scott shellady and teddy weisberg. scott, we've got to the tackle this bank trade, western alliance had been falling 17%. you can see the intraday

picture, then trade was halted around 1:07 p.m. eastern, resumed after the regional reported an 11% fall in first quarter goes can sits, and then a bunch of investors piled into regionals in late march maybe thug the worst was over -- thinking the worst was over. is that too dangerous a trade right now? and where else would you go? >> after piling in on the regional banks, they also went to east palestine and drank the water, okay? liz: oh, god. >> you can't trust what they're telling you. so i'm telling you right now jamie jamie dimon summed it up the other day, this isn't over yet. and the problem is, liz, is that they've gone and tested everything except for the duration problem, right? they've forced all these e banks into buying safe haven assets which would have been bonds, but that hay got duration wrong, so they could have short-term demands on long-term cash, and that's what ultimately did svb in, and svb is not the only

cockroach, there will be others. when you have the government come out with the fed, with the treasury, right, and the fdic, that's a big gun, if you ask me, and they came out that sunday night and said we're doing to backstop everything? that should have been your first clue that they felt like this is going on the something long lasting and bigger than we thought because that's a big bazooka, three heads coming out and saying the same thing? they wanted to try to put it to bed, i get that, but they also raised my questions about, oh, this might be bigger than i thought it was, and i think that is absolutely correct. so there's going to be the lingering problems with this until we get this rate situation put to bed with, and it doesn't help that you have opec give us $80 oil now because that's the reason why we saw the cpi come down, is because of oil. liz: yeah. >> if we see oil go up, inflation goes up, and we're back on this rate hike stuff. again, the fed's giving you a question, what do you want to die by, a gun or a knife? more bank contagion or more inflation?

there is no easy way out. liz: yes, that is a lovely choice, isn't it, teddy? so scott lays out the point that the federal reserve is still right there and ready to raise rates. i mean, you justed had loretta mester of the cleveland federal reserve old the saying, no, rates should go above 5%. so that would mean more rate hikes even though the fed funds futures are now pausing in -- sorry, are now basically betting on a pause more so than a quarter of a percent move. and with loretta mester saying gotta be above 5% and stay there, markets not exactly listening, because you start to see the 10-year yield falling and all the other yields falling, and they seem to want to ache some bets at least in some areas of the market. teddy? >> yes. oh, sorry, liz. [laughter] liz: ooh, teddy. >> i'm sorry. i think, listen, the fed has been quite clear in their message. you know, last year was very,

very difficult because they raised rates so hard and so fast, but the trend is, the trend is still up. listen, they're doing everything they can to engineer a weakness in the economy or, in fact, a recession. it's all quite counterintuitive, quite frankly. and they're not going to be happy til they get us there. and for the most part when we've got negative economic news, it's been a positive for the market. the fact today that the market's kind of wishy washy on some relatively negative economic news is a little strange, because you have to wonder when is bad news good news for the market and when is good news bad and when is bad news bad. it's quite confusing. and we've talked about this endlessly, but these markets are so difficult, you know, you get who or three good days, tech's acted great for a couple of days, odd the they pall off all of a sudden. people want defense ifive names like big pharma, perhaps the insurance stocks and some of the energy stocks. the problem we all have is there is no catalyst out there to

support any major upward move. the good news is we haven't fallen out of bed, but the bad news is we just continue to trade sideways. liz: right, right. well, when you look at some of the winners here, you've got walmart doing semi-decently, am general, merck, you talked aboud health group, we mentioned j&j, verizon up 1%. scott, what are your picks in because you could go with, say, for example, the utilities or the ones that give some real dividend yield while you wait for things to calm down. >> well, i'll give you an easy one you can take some short-term cash at 4% for a little while. you're going to take yourself out of the market and buy bonds. that's what we did with our money. i run our family office at home. but another one is just because i'm a big guy wearing a cow jacket -- [laughter] i'm always worried about food, aren't i, liz? i've been looking at mondelez and tyson because getting over

the iowan bird flu and monday if please, if you look at them on a chart, they've both done okay. tyson may be looking to break out, mondelez has been steady going forward. so i like food, i also like food tech which would be ferret losers and the likes like that -- fertilizers. so stay in that area because that's way forward. if you've got a lot of people still talking about food shortage, that's the last thing -- remember, we just saw what opec did to to fuel. the other problem we have is food. if we have a hot and dry summer this year, that could be a counsel whammy for the fed -- double whammy for the fed. liz: teddy, we know that opec is going to cut production pretty dramatically, monday it was messy when it came to energy. of at least if you're thrilled about higher prices if you make that investment, but if you're having to payette it, not so much. >> well,ing no -- payette it, not so much. >> i think the you have to keep exposure to energy, liz. do you buy here or wait for some kind of pullback, the fact is

fossil fuels aren't going away. we need plenty of energy and, you know, political arena in terms of the energy sector in this country has been derailed since biden took office. unfortunately, he could fix inflation, in my opinion, and he could fix the energy problem with a stroke of a pen. but for whatever reasons, they refuse to do it. so i would want to stay long, i would want to stay long energy. but at the end of the day, and and scott kind of alluded to this, at the end of day, the fed has actually done favors and people that don't risk a huge favor -- liz: yep, true. >> short-term rates are terrific. we've talked about it. 4%, 45, almost 5%, 3-month treasuries, 6-months treasuries. why assume risk in an uncertain time when you don't have to and you can get paid while you waitsome to me, it's the perfec- liz: well, yeah. and that goes back who that scott said about the family office. 4% bonds if you're too nervous. valero and marathon petroleum

are the two best performers on the s&p, that should tell you something about energy. they would, scott, thank -- ted, scott, thank you so much. tech showing an impressive spike so far this year if you stretch it out. with the year to date picture, the qqqs up 18%. but why aren't investors or signing off on e-signature company docusign? shares of the once-popular pandemic player flat this year, docusign's ceo next on how he's going to get the bulls to sign on the dotted line. closing bell, 49 minutes away. gang, you are in the right place for the most important hour of trade, the final hour. "the claman count cowb" returns in just a minute. dow is up 58 points. ♪ ♪ and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time-

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liz: so i know we make a lot of comparisons to pandemic era highs and lows. here's a pretty stark one. according to bloomberg intelligence, in the first quarter equity exchange-traded funds saw in flows of 27.4 billion, but that marks the lowest since the start of the pandemic in march of 200 to the when, you know, everybody was locked down and hardly focused on buying stocks. here's another comparison, docusign -- which startedded a pretty epic spike in march of 2020 going from $83 to more than $300 by september of 2021 is has fallen 50 over just the past year despite implementing a restructuring plan that involve cutting its work force by 19%. but with a new ceo grabbing the digital pen, so to speak, can docusign expand outside signature box? joining me now in a fox business

exclusive is dock you sign's ceo. alan, great to the have you on the show. if i were a sock the holder who bought at $300 before you were ceo, obviously, i'm wondering exactly what you, the new guy, plans to do to reach that height again. what's the most important driver of your plan? >> i think two things. one, on the product side we're broadening our product portfolio to cover all aspects of the work flow, not just the signing piece, but the generation of documents, the negotiation of them and the management of them once you have them. and end hen secondly, dramatically improving our go to market mission, and we can talk more about that. those two are the most important. liz: well, this is a really tough one because i, i have used docusign a lot. everybody i know uses it a lot, and the numbers bear out, you have is 1.3 million, i believe, paying customers. 1 billion users worldwide. i mean, this is a genie that's

not going back in the bottle, whoo dock -- what docusign does is what everybody is using now. however, you often the expanding into hinges like actual documents versus just signature box, you know, what's it going to the take to get that up and fully running and absorbed by your would-be customersesome. >> well, we've already, i think, made great strides here. a lot of companies use docusign, for example, to generate agreements whether they're sales agreements, purchase agreements, employment offers, so that's an example of pre-signature work flow. or to manage their inventory of agreements with suppliers and customers. and we simply if need to expand that portfolio, and we are well on our way to doing that. in fact, we'll announce tomorrow the an example of something we call web forms which basically help you generate an agreement through a delightful digital the experience that looks much like the consumer web sites we're all familiar with instead of trying to fill in a legacy contract

form. we think there's potential for innovation in all stages of the agreement life cycle, and that's where we're focused. liz: hold on, am i hearing that the l -- a.i. would be helpful in that part president of document creation? >> absolutely concern part of document creation? >> absolutely. i think it's easy to imagine how some of the chat interfaces that you see today could be used to generate contract language or to review language that already exists and highlight where it might differ are from standard terms and things that you would expect. so that is clearly part of the plan. but on top of that, looking at all of your agreements and scanning them and analyzing them to understand where can i expect more business value, where can i address risks for the business. take an example, the war in ukraine. when that hit, every large company was looking for where do i have exposure to russia or ukraine, and yet there was no automated way of going through and doing that. a.i. can play a major role, and

we are very leaned many there. liz: you know, you actually had a pretty good fourth quarter. you had revenue that grew 14% yee over year, billings were up 10%. you added customers. but i think that people who are thinking about buying the stock or bought it at a higher level are sitting there saying what is guy gonna do to root out and find more fertile ground when it comes to newer businesses beyond document creation. mine, hospitals and -- mine, hospitals and health documents, you guys use docusign for all of that, law firms, but where is that next fertile ground beyond sort of the commoditization of document creation and signingsome. >> yeah, i think we're still in the very early phases of this. one way to analogize this is if you think about what happened in music, the first step was to take a recorded piece of music and create a digital file. we all have been able to have those on our computers and phoneses. but that was hardly the endpoint. now you can have all kinds of

streaming experiences, you can have dynamic playlists that you're sharing with your friends and family. all of that is yet to come for digital agreements, and we are, i think, at a perfect point to do that. think about what we did with these signatures, we took the physical representation of a contract and let you look at that on a screen and sign it. but there's so much more head room here. very excited about that. in terms of the verticals you mentioned, i totally agree, health care is one of our fastest growing verticals. we have tremendous -- i think we're all tireed of filling out medical forms, admissions forms to doctors and hospitals. that's a great opportunity. all of purchasing across enterprises many in every sector the, that's a big opportunity. we have a big opportunity in government, we're at the the very early stages both on the federal and state and local level, and i think we would all love to fill out our government forms electronically and sign them. so i think we have tremendous head room. and this is not just a u.s. opportunity. u.s. is further along --

liz: right. >> u.k. a little behind us and continental europe and other parts of the world. we're at a much earlier stage. i just returned from a trip there on sunday, and we have tremendous opportunity in markets like germany. liz: i'm sure a lot of investors or are waiting to see a bit more before they sign on cotted line, so we want you to to come back. i'd love to see how this comes through so, please, please join us again. >> well, thank you for that is and thank you for having me, liz. liz: good to see you, alan. docusign. who hasn't used that? although my signature comes out looking like a spidery -- [laughter] not good. hey, look at this on your screen, that's a live picture of america's oldest auto show displaying brand new, shiny designs here in new york city as auto merricks put the pedal to the metal on vehicles. but will the latest changes on tax credits throw a wrench many in ev makers' plans?

what about buyers'? plus, bitcoin rocketing higher this year giving investors or gutsy enough to dive into the cryptocurrency out of this world returns. where do they go from here though? first on fox business, galaxy digital ceo mike novogratz is here live to take the latest temperature of thawing crypto winter. let's look at all three major indicessings still in the same place here. dow is up 59, the s&p down 16, the nasdaq lower by 154. we are coming right back, please stay with us. ♪ ♪ the future is here. we've been creating it for more than 100 years, putting the most advanced technology into people's hands. generation after generation. tool after tool. again and again.

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liz: okay, so do we call it wednesday weaknessesome the dow is still up about 7 6 points at the moment, s&p down 13, the nasdaq is getting hit harder by about 1.25% or 145 points now. pretty much, by the way, the entire cybersecurity sector is under pressure, shaking from what could be formidable competition from microsoft. so if you look at z scaler, down 8.3%. crowdstrike is falling 6.8%. okta down 4.25% on investor concerns, yes -- now, despite crowdstrike's happiness, and we've got some issues here, crowdstrike had a great investor day, but there's concern over

defender, that's microsoft's cybersecurity product. crowdstrike's upbeat investor or day which had its price target hiked from 165 to 170, it's at 127 right now and change, that was not enough to push the crowd into the green. let's flip it over to nvidia. s it is falling this hour after google, parent alphabet, said its own homemade chips for training a.i. systems are faster and more power-efficient than nvidia ooh's. nvidia's falling 2.8%. google produced a research paper saying it had strung together a vast amount of its own chips to create a supercomputer capable of better generative a.i., so the rise of a.m. i., by the way, is something galaxy digital ceo mike novogratz is about to tackle with us in a few minutes and, no, he is not an a.i. fan, nor of the regulators breathing down crypto's neck instead of a.i. which he thinks is a big bigger problem. conagra is going after they

raised fiscal earnings forecast for 2023 and reported quarterly numbers that beat summits. so what was behind that and this move of 1.8% to the upside? the company says that price increases were what boosted third quarter profits and company predicts the popularity of frozen foods will grow as consumers eat out less often due to stubborned food inflation. and general motors has now pulled ahead of ford in the electric vehicle race. during the first quarter, gm became the second best seller of evs. tesla, of course, remains the industry leader. all three are moving lower right now. ford is under pressure in particular if down about 2.5% at this hour as it is set to lose half its ev purchase tax credits for the mustang mach e and the e-transit van after new treasury rules go into effect on april 18th stating that consumers can get a $3,750 credit if the ev has a battery con indiana thing

at least 40% -- contain thing at least 40% critical minerals that were mined here in the u.s. and they can receive another $3,750 if at least 50% of the battery's components are assembled and manufactured if in north america. we just spoke to jim farley of ford because he's got a deal with north korea, but more importantly with china, for some of his evs, and that is the issue. he said it's too hard to mine for them here, so we can't, so we made the keel just for the ip from the china company. ford, of course, we look at their stock followed by tesla down 3.7%. gm down 2. and speaking of the tesla, nobody knows how to promote if evs like elon musk, the ceo. he just unveiled not the new cyber truck, don't get excited, but a new cyber truck-themed beer. uh-huh. the ev maker is selling a limited edition --

[laughter] is that really the name? tesla gigabeer. and much like other tesla products, not cheap. for nearly $100, you get three bottles which are -- oh, there it is on your screen. they look like the cyber truck, right? those angles? unfortunately, you won't be seeing them in the u.s., the beer is selling exclusively in europe. so ship it, what's the big deal? plenty of other automakers with exciting developments and most of them circling around evs. let's get to the latest and greatest car innovations because madison alworth is live from the javits center in new york city at the new york international auto show. what is special that's jumping out to you, madison? >> reporter: liz, it's been an exciting day because this is media only, so we've been getting a sneak peek of we're specifically at the nissan setup because i want to give you an update to a story we did exclusively for you at chicago. this right here is the aria four-wheel drive. when we were in chicago and did that report, they only had -- had the two-wheel drive

available. this is the first auto show where they have this, and they actually let me take it out on the streets of new york city, so we got to the experience that capability. important for the company, today that sell -- tell me, because it allows their drivers to to go further and do more. and there are more ev drivers. last year 800,000 evs sold in the u.s., that was a record-breaking year. this year they expect 1 million ev cars will be sold. and when you look at nissan, they say they're investing in this space. part of that is because of u.s. regulation, the push for that all-electric future. you see it in the displays and kind of the focus on ev here, but the u.s. ceo tells us they are also very invested in their gas vehicles as well. take a listen. >> we think at least 40% of our sales in 20 the 30 will be evs. of that means 60% of our sales is going to be combustion engines. our fleet is massively still going to be one of combustion engine. and in the states where there's

a bit more of a push, we'll have, again, the offerings that meet the demands. and perhaps those will move faster to evs. >> reporter: and so, liz, i'm glad that you pointed out all this stuff at the top, because subsidies are such an important part of this. the aria does not qualify. the leaf, though, made by nissan does. despite it not qualifying for the subsidies in the u.s., nissan els me they are back ordered in the thousands. so there is a ton of demand for this vehicle. the problem with to those back orders, they say supply chain mostly solved, liz, the big issue still semiconductors. they're still seeing a shortage with that. back to you. liz: semiconductors and the battery, we just heard about from ford. hey, it looks good on you, madison, i like that color. >> reporter: i like the color ooh the, yeah. [laughter] liz: thanks so much for bing concern bringing that to us, we appreciate it. the boom and and bust of cryptocurrency is back to booming. what will push it to full bloom

in this spring? first on fox business, crypto bull and galaxy digital ceo mike novogratz has held on for the wild ride. he is now ready to make big predictions on bitcoin, eitherrer and, yes, gold. ether it's a can't-miss interview after the break on "the claman countdown." 9 and talk about a true visionary in more ways than one, when the cofounder of warby parker lost his eye glasses on a backpacking trip before starting business school, he was so shocked at replacement price, so she and three fellow if mba students came up with the idea of fashionable yet affordable eye wear that you could try on and buy online. and so warby parker was born. but, you guys, it did not succeed in the blink of an eye. first, they faced negative feedback are from professors and peers who told them it would never fly. boy, is it a good thing dave and his pals didn't listen because the model is a huge winner, and their glasses are now found on the faces of rihanna, reese

witherspoon, jimmy fallon and millions around the world. but, boy, kid the they have to the to go through some trials and tribulation ares to to build his now billion collar company. the ceo is my guest on my brand new episode of "everyone talks to liz." just dropped yesterday, listen on apple, amazon, spotify, iheart radio or wherever you get your podcasts. closing bell ringing in 4 the minutes. mike novogratz is next. ♪ ♪ (man) what if my type 2 diabetes takes over?

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ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term

policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. liz: and the best performing asset of first quarter goes to bitcoin. of yeah, take a look at the crypto year to date, up 69 percent. bitcoin, which fell 64% last year, outperformed all other assets in q1 of 2023. it's the crypto's best quarter since q1 of 2021. fellow inflation hedge gold also on a run, flirting with record highs earlier in the session and up 11 percent year to date.

but the man who after leading the first publicly-listed large equity firm went whole hog into the crypto business, said he expects both to surge. mike novogratz tweeted he expects both gold and bitcoin to move higher. are we facing a full crypto thaw this spring, and is he bullish enough of the pair that trade with gold? let's ask mike novogratz himself, first on fox business. so, mike, you long gold as well as bitcoin? >> i am. i'm here with my warby parker glasses -- a. liz: ah, good. [laughter] i have them too. >> listen, you know, let's start with bitcoin. at the end of last year, there was so much bad news priced into the market. people that needed to sell it had sold it. there were leveraged shorts, there were no leveredded longs, and so markets that can't go down often don't a take a lot to go up. and what happened? we had an adoption cycle start from retail and china as xi

backed away from covid zero and backed away from really cracking down on chinese tech companies, you started seeing buying from that part of the world. and then as the banking crises erupted here, you know, what's that, three weeks ago now, that gave the the story for bitcoin and gold that, wow, ped's not going to keep -- fed's not going to keep raising rates, hay might have raised them too much already. we've had an orgy of debt in this country, and lots of people are upside down in their portfolios, and we're going to have a credit crunch. and the credit crunch is going to come because regional banks are going to stop lending. they're certainly not going to to lend nearly as much as they were the, and the regional banks is where all the lending growth had been. and so now you've got a fed that might or might not raise the month or, i'm sorry, next month, but probably is finished either way and will be cutting, you know, come mid summer -- liz: well, wait a minute. so, mike, you think that the fed will pause and then finish and

cut even though jay powell has said over and over again no cuts the year? >> yeah. you know, macro traders, and in lots of ways the fed are macro traders, you have a prediction until the data changes, and then you change your prediction. the last, this week of data has showed really soft, a quick softening of the labor market, of the industrial market. you saw the irk sm numbers -- the ism numbers, the jolts numbers. and so i assume that's going to carry on. and we are going to have a fed that they want to raise 25 more. they probably shouldn't. and that's probably -- the market's pricing that as 50-50 right now. i think if you get a weak payroll on friday and a weak cpi next week, they certainly won't raise. but even if they do, it's certainly going to be their last raise. and and, you know, they'll be cutting faster than you think. and so the gold market smells that, bitcoin market smells

that. you know, gold above $2,000, coming to this dlrkz 20 50 area probably six times now, when it takes this level out and closes up here on a week or who two-week basis, we will blink our eyes, and be by the end of the year gold's going to to be $2700-3000. when you ache the out big, big levels, you move to the next level. liz: are you buying the physical gold or miners? >> you know, there's lots of ways. i personally buy gold futures because it's the easiest way for me, but physical gold is fine. like, i'm not one of these people that think you need gold in a billion vault. i don't think the futures exchanges are going out of business. and to for me, i just buy futures. but you could look at the minors as well. and -- miners as well. bitcoin is digital gold. and if as much as the u.s.

government, you know, the biden administration in particular is throwing everything they can to try to stifle innovation in our space, crypto prices are still going up. and that tells you something, right? if you had said early on that facebook -- i'm sorry, coinbase was going to get a wells notice and paxos was going to get a wells notice and that binance was going to get sued by the cftc concern. liz: ftx going under. >> all of that stuff and crypto would be hire, people would scratch their head. it tells you how strong the market is. it also tells you this is an international market. hong kong is opening up to crypto. not just institutional crypto, but retail crypto. abu dhabi is being very crypto-friendly. so as the u.s. backs away and has a regulatory morass that's stifling innovation, the rest of the world's saying come build here. liz: well, then to that point about regulation, you feel that

the regulators are misplacing their microscopes and they really should be on a.i. morning something like cryptocurrency. why is that? >> listen, i think the regulators should get together and clarify rules around crypto so our industry can grow. liz: clarified. >> i think it is the ironic how much focus crypto gets. it's a trillion dollar industry. it's not $10 trillion, it's not -- and, yes, there was fraud in it and, yes, there were bad behavior. but that's mostly been washed out of the system. and, quite frankly, the regulators were in all those companies and did nothing, right? they understood those companies. why that happened is because we haven't had rule -- rules. when i think about a.i. and all the implications, it feels like there should be a lot of thought about how a.i. gets regulated. you've got elon musk, 2,000 other smart technologists saying slow it down. i don't really have a strong opinion, i think it's hard to slow things down, but it really is interesting that there's no talk of regulation there and,

you know, you're talking gensler just asked for more money to go after crypto companies. and it just, it feels like it's misplaced. crypto, in the long run, blockchain specifically can be a real positive when the a.i. universe shows up. but if you think about deep fakes, having provable, i authentic identity which crypto working on is going to be the wildly important, you know? the teacher at the university want to make sure the kid actually wrote the paper, you know, that stuff is going to have to be the authenticated on blockchain now. liz: mike, fascinating perspectives, and the gold and bitcoin trade, bouillon and bitcoin, as we we're going to the call it, is interesting to me. i'm looking the warby parkers on you. liz: to the sky. [laughter] liz: thanks so much for joining us. we are coming right back. dow is up 72.

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boy, we've got tom really big moves here. >> i guess you could say bezos, excuse me that dan snyder, we know bezos is a billion dollar man, $125 billion, that is what he is worth. amazon founder, now the chairman. he is kind of looking for his next big thing to do. he is bouncing around with his girlfriend and having some fun. from what we understand he wants to put a bid into the commanders. it always been a question, whether dan snyder, the current owners of commanders would take a bid from bezos, bezos owns "washington post." allegedly he hates him because of "washington post" coverage of the sexual harrassment stories. we heard that is not the case. snyder's people gone to bezos' people told him they welcome a bid. what the reports are today, the two have spoken. this is clearly pushing the numbers a lot higher. now we should point out, that, i

think in the past it was like a five billion dollars was kind of where people were talking about bidding. then there is some talk about how josh harris of harris blitzer did a firm 6 billion-dollar bid as bezos is in the wings. we understand that bid, there is some question whether it is firm at six. remember you have to meet all these legal requirements for equity and not too many owners. there is a question, we put a call in to mr. harris. he has not returned our calls. then it is up to bezos. this is what a lot of people say his gameplan is in the nfl. when all of this stuff is finalized, final bids are in, he tops them all. he will not bid against himself. that is why dan snyder is pretty confident from people close to him he will be the next 6 billion-dollar man. remember "the six million dollar man"? liz: of course, steve austin a man barely alive. we can build him. i had a crush on oscar goldman

the osi guy. then jamie sommers, jamie. >> but, but, that is when six million was a lot of money in 1975. we're talking six billion, dan snyder probably the next 6 billion-dollar man. by the way, a 650% return on his investment since buying the redskins in 1999 for 800 million. compared to a 220% increase in the s&p over that period of time. liz: go browns. what? no? >> are they a team? liz: hey. thank you, charlie. >> are they cleveland? you know who i ran into? gary cohn. liz: from cleveland. >> former goldman sachs, talking about cleveland. you should come on list's show. i love liz. she is from cleveland. liz: i am not from cleveland. los angeles. >> she is 90210. >> totes my goats. on first night of passover,

happy passover for you celebrating as you cling a cup of manischewitz, how about beverages with where you countdown closer. doug foreman, cio of kaine anderson. 47 billion in investments. you're not investing in manischewitz but a perennial name, doug, tell us names you feel have a lot of room to run? >> i like monster, brown foreman, celsius and mccormick. these are beverage and spice companies have a lot of legs. they suffered from high input costs, high transportation costs over the last 18 months, high aluminum can pricing trends. all of those are reversing, recession or not people need to eat and they need to drink and will continue consume these beverages even in a tough time and their input costs are

falling at the same time. i think it is good pick these days. liz: monster, celsius, pull them apart and look at differences, monster is the 800-pound gorilla, much bigger market cap of 85 billion. sill sy just 6 billion. coca-cola has a partnership with monster. what about celsius, do you see partnership if pepsi eventually swallows the whole thing? >> cocoa eventually swallow the whole thing at men sister as well. celsius is where monster was back in the early 2000s. it is really getting started. starting to expand distribution with pepsi's help particularly overseas in the store convenience channels. i think there is a lot of opportunity for celsius to gain share in the business or monster hold or gain share versus red bull. you can own them both. they're slightly different stages of evolution of the

businesses though. liz: 40 seconds left f there were recession, a lot of talk about that coming. do both hold up the same way as far as price is concerned? my guess the fundamentals will probably hold up the same. celsius is higher valued, a little less mature company. if things really get rough out there, it is possible celsius would not do as well as monster. as you point out monster is bigger market cap. small stocks tend to do a lot weaker in tougher environments than bigger ones do. liz: doug, great to have you, thank you very much. mr. doug foreman. here we go, the colleging bell ringing. dow was able to hold on to gains of about 83 points. [closing bell rings] s&p looking at the second down day in a row. the nasdaq sees third straight day of losses. that will do it for the "claman countdown." my good friend larry kudlow is up next. ♪. larry: hello, folks, welcome t