opportunities are right now in your world. >> so, you know, i still love nat gas. i love nat gas pipelines because i think we're going to have to build at lot more pipelines. i i think nuclear is great, smr, junior miners in the united states and canada, look really interesting. and then, you know, grid operators, utility companies. if you look, we just had earnings from dominion and duke energy. they're spending a lot of cap-x to satisfy the growing need to these data the center ises -- data centers. and i think grids, just any kind of grid -- charles: anything that's a grid. [laughter] >> -- production. anything, anything involving grids right now, this is what we're going to need. charles: hey, always appreciate you, tracy. thank you so much. liz liz claman, over to you. liz: oh, my goodness. breaking news, charles. so we are watching market reaction the to president trump's tariff announcement a a came this afternoon. look at taiwan semiconductor.

it is dropping off its high. it is down about 2.5% at the moment. and it was never in the green at all, but this after the president said taiwan, quote, took our chip business away, and we want it back. finish so let's flip it over to american chip manufacturer intel which has the most fabrication plants statewide. we've got intel popping 9 at the moment. and overall what's really interesting is the market reaction. can we put up the board here? stocks are rallying after the president softened his tough talk by saying while he does plan to impose if sweeping tariffs within weeks, he, quote, expects a lot of of countries' tariffs to stay the same. look at the dow jones industrials, jumping 336 points. the s&p up 5. -- 54. both the s&p and the dow had been flat coming into the session at least throughout the day. not so, we've got the nasdaq

spiking 11.25%, that's -- 1.25%, 247 points. russell 2000 up 19. so at 30,000 feet, you see the equities picking up steam as the president said the tariffs won't take immediate effect. and maybe traders and investors are translating that to the fact that there might be wiggle room for countries the negotiate. now, the president is looking to to eliminate the $1 trillion u.s. trade imbalance by taking a, quote, country-by-country approach. he's ordered a full review of the nation's trade as he seeks fairness by matching the tax rates of other countries and what they charge for imports. we're going to take you live to the white house if just a second to get you details. but i've got to show you more reaction beyond just stocks. the 10-year treasury yield, and this is the intraday here, and that really shows you what happened. earlier it was at a high of 4.62%. but right after the announcement, you see it dove, and the low of the session was

4.51%. right now it's at a 4.53%, sill down 9 basis points. the u.s. dollar, which as a you know tends the firm on new if tariffs. it pared losses when the news broke, but right now the greenback is still weaker against the major currencies a that we most often a check, the canadian dollar, your yes, pound sterling, japanese yen. gold is being lifted by those who are seeking safe havens and then the so much for that lift. it has turned negative. again though, it settled around 1:30 p.m. eastern very close to an all-time high. at the moment though, that's volatility.. i'm so sorry, that is volatility. that has changed. can we show for a moment gold, because that that is where you really see an interesting move here. and it is the flight to quality. we can't get our gold chart up, but let me just quickly tell you that we do have the metals moving higher. just looking here. gold at $12 -- 2,933 a troy

ounce, up just under 1%. so, yeah, we showed you the fear index which had been up and then it dove because maybe this isn't as bad as expected. top stock picker bob doll here to assess which sectors and names could be hit. but first, hillary vaughn live at the white house. can you outline more of the details of the president's new tariff plan? >> reporter: yeah, liz. president trump saying up until this point u.s. trade policy was either generous, foolish or stupid. but that is no longer because he's directing the u.s. trade representative to look at our trade relationships with all of our trading partners. if there is a significant deficit, he wants us to the enact the same level of tariffs that other countries are enacting on us. he thinks that this is ultimately going to be good for jobs because it will encourage people to bring businesses here and build things here. he also a said that he considered charging a flat tariff across the board but didn't think that would be fair.

instead, they're going with this approach with what other countries are taxing us. we are going to tax them back. he also hopes that, ultimately, while this will bring jobs here, that it's not going to have a huge upwards impact on rices for consumers. prices for consumers. he also said there are more tariffs to to come. in this does not include what he wants to do on automobile tariffs, obviously doesn't include his steel and aluminum tariffs. there are more tariffs to come in the future. here's president trump. >> that that includes everything. if you build here, you have no tariffs whatsoever. and i think that's what's going to happen. i think our country's going to be flooded with jobs. [inaudible conversations] >> reporter: -- what should consumers expect? are prices going to go up? >> not necessarily. i tell you what will go up is jobs. >>reporter: trump admitting he doesn't really know what's going to the happen with prices. he certainly hopes there isn't a dramatic price increase for consumers. he does think that interest rates, though, in ponce to this

policy are going to go down -- in response -- and he also thinks prices are actually going to go down in response to this at the end of the day. this is going to be an investigation, a review by the the u.s. trade representative, and they are going to hand over a report to president trump by april 1st. here's commerce secretary howard lutnick. >> our studies should be all complete by april 1st. so we'll hand the president the opportunity to tart on april 2nd if he wants. so i think we'll be ready to go on april 1st. and we'll hand it to the president, and he'll make his decisions. but, remember, if they drop their tariffs, prices for americans are coming down. >> reporter: liz, that is the end result that they're really hoping to get from this. by putting other countries on the spot and saying, hey, look at what you're taxing us, they're hoping that they don't have to enact tariffs, that other countries will respond and lower their tariffs in response. but really all eyes on april 11

1st because that's when this study is going to be handed over to the president, and he's going to to decide what to do and which tariffs the tart with first or do them all guns. liz in. liz: that's got to be why the market is rallying because he said we'll do in this in a few weeks, dot, dot, dot, a few months, and then you hear what secretary lutnick just said, and it's sort of like, well, if they lower their tariffs -- >> reporter: yeah. liz: big if then. hillary, thank you. for now we are looking, as we said, at the dow jones industrials up 349 points, the s&p up 56, nasdaq up 254. how long before tariffs, if they are imposed, do make their mark? for better or for worse in because it can work both ways x. which stocks in your portfolio are the most vulnerable? let's turn to one of the most respected tock pickers on wall street, crossmark cio bob kohl. you heard the news conference and the -- bob doll. it looks more like a tariff twig

than a stick, but to be clear, tariffs could hurt some sectors and help others. if you just look at steel imports and the steel duties that he announce ifed. he announced 25% if duty on all foreign steel imports. to earlier, at least since monday, you've seen some of these hold on to gains, right now cleveland cliffs over the past four days is up 5.7%, but u.s. steel has turned negative here because they're all down today. new corp. up 1.33% over the past four days. which sectors to you look vulnerable and who could lose from the trump stick or twig, whatever you want the call it? >> well, it's hard the know, because tomorrow might have a different headline than today. let's start with that that, liz. [laughter] a lot of uncertainties, a lot of changes, test policies, if you will. the good news today, as you've pointed out, it seems like a softer stick. it feels like it's going to be one country at a time rath raher than we're going to do this -- rather than we're going to do

this draconian thing. and the market likes that, if there's more analysis. technology's got to be watched very carefully in terms of what that trade looks like. cuddle there be vulnerabilities -- could there be vulnerabilities there? i suspect so. it's going to be a name by name, an industry by industry, sector by sector, so i think it's back to good, old fashioned stock picking. liz: yep. ing okay, then it is, i think as you put it, a little bit delicate. it's a delicate dance that investors have to look at. let's just look at the semiconductors here. intel is getting a really significant bump, but nvidia is hooking stronger, micron, on -- looking stronger, micron, on semiconductor. the gains there indicate that anybody who's a state microchip manufacturer might do well here. but at the same time, we're seeing headlines where it looks like the white house is telling some sources, some of the chips act money is going to be, quote, renegotiated.

that was money from the chips act under president biden. i can't read that headline and decipher it either. >> yeah. very difficult to re-- look, the semiconductor stocks we know have struggled in the last few weeks. they're doing a bit better here because once again it's going to be rational industry by industry, almost company by company. and so we step back and and go back to fundamentals, and the market likes that overall, and semiconductors in particular. liz: let's talk about autos. it's always questionable, what happens to auto stocks. i was looking at ford earlier, and it was holding on to some decent gains. i mean, i'm seeing it up 11.6. of high of -- 1.6%. high of the session, we're pretty much right at it. tesla moving higher. tesla, obviously, makes cars here. honda, toyota a motors, general motors. toyota and honda, obviously, not u.s. automakers. stellantis, we can see what that's doing. it really is a question that is

hovering up in the air and, therefore, how would you guide investors to absorb this, and should they be eling certain stocks at this point? >> -- selling certain stocks at in this point? >> i think it's back to if it's made here, it's not going to have onerous treatment. con resterly, if you make it somewhere else, you might pay for that. same thing for the other side of the world. if they make it here in the u.s., treatment will be a whole lot more favorable. all that a says is spend more time looking for companies that do their thing here in the u.s., if you will. liz: financials. financials tend to be a bit isolated. they don't move dramatically from the tariff drama and those headlines. today we're looking at financials, and most of them are in the green. goldman sachs is struggling a bit here, but on balance when they respond better in a tariff atmosphere, today, unrelated,, with p morgan chase's ceo, jamie dimon, he was on the hill talking to the senate banking committee, and our fox business reporter, chase williams, caught

up with him. he refusedded to talk tariffs, but chase got him on a question about doge's move to dismantle the banking watchdog cfpb. i want you to listen. >> reporter: just what's your message to consumers who might be concerned about the cfpb, for example -- [inaudible] >> consumers should be protected one way or the other. there is consumer protection at the sec, the occ, the federal reserve, and the question is how do you design a system that's good for everybody, that make pas sense? it isn't just the cfpb alone. >> door do you support a restructuring? >> yes. i think it's time, in my view, to take a step back and look at all the a rules the regulators put in place to create a better, safer, sounder, more consumer-friendly system that finances -- [inaudible] the united states of america. and i believe that can be done. liz: what do you think, bob? if there's nomadsive watchdog, because -- no if massive watchdog can, because it'll take a long time to put together a cohesive plan or service that

jamie dimon's talking about. does that mean it's up, up and away for financials? [laughter] >> more that than the opposite. jamie's basically saying let's simplify this a bit. as the years and decades went on, we put this set of rules on, that set of rules on x hay don't necessarily talk to one another. let's see if we can't simplify. that's good for financials back to the highest level point, deregulation, restructuring, generally good news for the financials, better news for the financials than almost any other sector, liz. liz: bob, it's so good to the see you. >> all the a best. liz: i really appreciate when you distill this. bob doll brings it to something that makes sense. thank you so much. if. we got a high flyer stock right now, it's called applovin. this after a g -- bofo if 7 11th 711% gain. it's powered to a fresh high. we're going to tell you why. and we know consumers are paying

sky-high prices for egg, right? we heard that from buddy, the cake boss, yesterday. we just found out how high the price has spiked for food distributers who supply restaurant chains. coming up, the ceo of u.s. foods, a leading egg, dairy, meat and and seafood dealer joins us live on how the restaurants and diners will find they're shouldering the costs. we're back in a minute. dow can is up 35 if 5. ♪ ♪ (♪) (♪) voltaren... for long lasting arthritis pain relief. (♪) where ya headed? susan: where am i headed?

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liz: fox business alert, we've got investors in two advertising technology stocks either crying or jumping for joy at this hour. let's start with the happy dance crowd. applovin investors looking at record gains at this hour. the a.i.-powered ad tech company

reported a fourth quarter earnings beat, and in response, the stock crossed the $500 mark for the first time ever. it's pared some of those gains. it's at 456 and change -- change right now, but it's still up nearly 20%. it's been a great 52 weeks, shares have soared more than 700%. i believe it's more like 711%. not bad at all for a 52 weeks. applovin saying it's divesting its apps business as the company aims to move into other verticals for its advertising software such as fin-tech, insurance and automotive. on the other side, rival ad a tech company trade desk is down 32% after a revenue miss and a reorganization that hasn't quite captured the level of benefits analysts were looking for. but guggenheim says long term the business is still viable. and at the top of the s&p 500, we've got mgm if resorts international. investors taking a gamble on the

casino operator after it beat earnings expectations propelled by its china business. revenue and profits dropped in the quarter from a year earlier but were offset by record performance at its macau-based resort. mgm is bullish about growth in 2025. we should look at other casino stocks, they sometimes get a bump and, sure enough, caesar's entertainment up 8%. wynn up about 2%. las vegas sands up half a percent. unilever is melting like ice cream on a hot summer if day. on pace for its largest percentage decrease since january of 2022 after a full-year earnings underwhelmed investors. stock is down 5.25% to $56. the owner of brands that include mel ifman -- hellman mayonnaise say it expects a slow market year. unilever plans to pin if off ben & jerry's and the rest of its ice cream business as a stand-alone company.

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liz: fox business alert, investors are putting the red in reddit, stock falling 7% right now after reporting a double beat in earnings last night. the report was overshadowed by weaker than expected user numbers in the fourth quarter. but you know how this goes. one bad day of trade does not a loser make. reddit is one of the temperature ipos of last year -- top ipos. the stock has gained 327% since it ipo'd in march, second only to nano nuclear energy which is up 84 2%. third place, land bridge, which

went public in june. and it is up 259%. now, if you're wondering what's the next hot company to go public, well, salepoint if hopes it's it. a cybersecurity company just went public on the nasdaq today. this is not the first soiree onto wall street. salepoint issued an ipo in 2017, then private equity giant -- took the company private in 2022. so here we are two and a half years later. why take it public now, and what's changed? joining us now in his first interview since the stock started trading, founder and ceo mark mcclain. all right, so it opened at the high end of -- and it was priced at the high end of the range, $23 a share. it's down just slightly by about 6% from this opening price, but give me a sense of what today has been like. this is your second rodeo, going public. >> appropriate use of rodeo, liz, since i am from texas. [laughter] liz: i know. >> yeah. it's been kind of a fun journey.

we actually made a choice back in '17, we were a smaller company, first time to the market, and we went out on n nyse, you know? our customers are mid to large, very large enterprises, so that was a credibility thing. this time as a high growth company, we thought nasdaq would be great. both experiences have been wonderful. it's been exciting. both times about 70-100 people from the team just to be here. super or high energy, a lot of fun. so, yes, it's the been great and, yes, i laughed with my team. why do we still call it ipo, isn't that initial? didn't we do in this once? [laughter] turns out this is the initial offering of this company in this condition, this state, so that's what i learned. liz: yeah. and being a founder both times, that's really rare. >> yeah. liz: i mean, i understand -- we were talking in the commercial break, only michael dell and sir richard a branson have run companies as founders that a went public twice. >> i've been told there's a few other names, but those are the ones that i know were founding

ceos who got to do this twice. so i guess it's an interesting club to be in. yeah, it's been quite an amazing almost 20-year journey. and just had a lot of fun along the way, work with amazing people. feel like we've made a helpful imprint on the market and looking forward to the next phase. liz: when you went mix, according to market watch -- went public, you ipo'd first time around at $12 a share. today you're going public at $23. the company valuation is really interesting to me, mark, because back then when you were taken private, the valuation -- correct me if i'm wrong, it was more like $6 billion or something? >> yeah. or 7, something like that. we went public the first time a little over a billion, about a four and a half years later took it private at just under 7. two and a half years later, 12 or 13 is where we are at the moment. liz: well, that's my question here. what happened in the two years that that toma bravo took it

private that increased your market -- your valuation so dramatically, and what could you do there that you couldn't do in the public markets? >> great question, liz. i'd say probably not a lot we couldn't do in the public markets, but something we're eager to do -- liz: like what? >> well, i'll tell you one. we really wanted to move our fiscal year. there's a reason a lot of software companies have shifted their timing from december to a january year end, especially enterprise software companies. and we also had a big i.t. erp upgrade. saw simes times they create a little noise in the stock d sometimes they create a little nose. we were leaning in harder to our original market 20 years ago a, a software product that was sold and implemented on site, and we've been much more sas-oriented and really leaned in and did more of that transition the last two and a half years. those two or three things, it would have been a lot of movement in the way a public investor react ad, to we thought

it may be easier to do that while private, and it came out well with. liz: it's also easier to cost cut and cut jobs privately. how much of the growth in the two years was organic and how much was cost cutting? >> the great news is zero was cost cutting d. [laughter] liz: really? >> yeah. we did not do anything. what we did was grow the business at a are healthy rate, and we heard repeatedly from investors on our rode hoe the haas week and a half if -- road show that they were expecting maybe a 10% growth number. we've compounded it over 30 the last few years which isn't common at our scale, over a billion dollars in revenue. and we've shifted in a break-even profile to a 15%, plus or minus, profile. those three things, i think, were interesting to investors. and the way we did that was not to cut anybody, truthfully, liz. we just grew the head count and the expense at a slightly lower rate hand we grew the top line, and that's how you create profit

margin. it was a demanding few years, but it wasn't kind of the sometimes painful pe stories you hear about a lot of cost cutting. liz: as we finish up in this first final hour of trade in your second go-around going public, mark, you know, arguably okta that is a competitor. you are big in cybersecurity, and when it comes to identity, you know, for companies that are trying to make sure, enterprises to really stay safe, how to do you sort of lift yourself above a name like okta? >> they've a been a very strong company in the markets for years. they've had challenges containing growth at scale. to their credit, they got to a very large scale. i think what's a little subtlety here, liz, we do work on slightly different parts of the landscape. they're focused on what's called access management, terms like single sign-on if you're an enterprise, ideally you want to authenticate to to prove you are liz and sign in to all the workplace application you need to do your job with.

that kind of uses the analogy that's helpful, like checking into buildings here in new york. you hand your license expect security guard lets you in the door. but then he doesn't know where you are,that's our job, right? we kind of control where you can go, what you can do in those business applications. so okta makes sure you can log into with everything, sailpoint makes sure you can safely access the data you're supposed to and not access the data you're not supposed to. that's a complex problem. we've been coexisting in the market, and we feel good about a our ability to compete. liz: all right. let's see what you can do beyond this first day. right now the stock a is at $21.is -- 2. 11 is, mark, thank you so much -- 21.1 is. >> we'll see how things go over time, but thanks for the opportunity and the chance to talk to you on day one. we'll stay in touch. liz: great to have you. thank you. >> thank you. liz: one of the largest food distribution companies in america is facing the economic tidal wave of, yes, high

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all together: ♪ born to be wild! ♪ for whatever comes your way, there's weathertech. liz: breaking news, robert f. kennedy jr. sworn in as a egg tear of health and human services -- secretary -- just moments ago. supreme court justice neil gorsuch did the honors. kennedy has publicly expressed doubts about the safety of vaccines in the past, but let's look at vaccine maker stocks. pfizer, moderna and novavax all higher. and, of course, part of the ability to get him through this vote was bill cassidy, the louisiana senator, who got

assurances from rfk jr. that kennedy would not dismantle the nation's vaccine safety systems or take down government vaccine guy dance. all right. in the wake of yesterday's hotter than expected consumer inflation data, nobody should be surprised that producer prices, manufacturer prices also surprised to the upside in january. now, we know the price consumers pay for, yeah, eggs jumped 15% month over month, but check out the price jump wholesalers are scrambling to deal with. the january ppi report showed egg prices soared44% month over month, and a staggering 186 year-over-year. while some whole searls are feeling the inflation pressure, their earnings show otherwise. this morning food service distributer or u.s. foods reported net sales of $9.5 billion for the fourth quarter. that's a 6.2% increase from the prior year driven by a 3.5% jump in case volume and a 2.9% growth in food inflation.

the stock right now up about 11th at the moment. u.s -- and 1% at the moment. fresh off that report, ceo dave flitman is joining me in a fox business exclusive. i kind of of feel it's a sill silver lining effect for you guys. how are you straddling the good and the painful sides of rising prices? >> thanks, liz, for having me here. it's great to be with you. look, i think what's underappreciated in our industry just how resilient it actually is. if you go back too to 1970, home away from home has grown faster than food at home for more than a handful of years. certainly, we felt the pinch since the covid pandemic. this industry's absorbed a lot of inflationary pressures. largely it's a pass-through for us. but importantly as you pointed out, i was excited to to finish the 3-year long-range plan and tie a bow around that. we delivered record earnings this year of $1.74 billion.

and if importantly, we leveraged that to the about 20% eps growth for the year. so ours is a resilient industry. we are focused exclusive ily on controlling the things that we can control. liz: okay. >> and inflation for us is largely a pass-through. but importantly, on the back end of that we help our customers deal with those inflationary pressures in many ways. liz: okay. we get it, but maybe some of our viewers don't really understand the detail of what the term pass-through means. can you give us a sense? because you supply restaurant chains all across the united states. you supply schools, universities and health care facilities too. if so is it they who are getting hit with these higher prices in. >> largely, you know, inflation gets passed through our contractual arrangements. and importantly, we're focused in all those areas largely on the independent restaurant space where we've just taken market share for 15 consecutive

quartereds. health care, which is really ago a knostic to what's going on -- agnostic with what's going on in the economy, 17 consecutive quarters, and hospitality space. they tend to be the most profitable sectors and, hence, our focus there. liz: you know, what makes you guys pretty interesting and unique is that your business is structured so that many of your customers are here in the united states. can you clarify that -- i mean, does that mean that a you're not going to expand globally or maybe into other european countries, manager like that? and does -- something like that? and does that inure you from the problems of inflation in many ways? >> we are exclusively u.s.-based and focused, and importantly, the majority of our products are also a sourced in the u.s. and distributed nationally. we have so much runway for future growth, i don't believe you'll see us go international. i don't feel compelled to do that. i think it would be a pretty big distraction for our company, actually, and we're focused on

controlling the things we can control, continuing to play our strengths and gain additional market share. liz: so is at the wholesale level we know what a we've seen with egg prices, but give me a sense because you guys distribute everything from poultry to pork, to beef, seafood. so what other areas are jumping if not as high as eggs in price, but i guess very close to it? >> well, eggs are leading the way right now with the numbers that you quoted earlier driven in large part by the avian flu which is the worst outbreak that we've seen in the last decade. importantly, we've got multiple suppliers for eggs, and so while we may be getting pinched at any one geography, we're able to source that where we can and get our customers plieded. really the inflationary pressure is centered around center of plate, proteins, as you mentioned -- liz: how about chicken prices? >> chicken prices have increased but not at the rate that we've seen in other meat products at

the moment. liz: interesting. all right. well, u.s. foods has about 70 distribution facilities around the nation, and are you seeing -- because we just had big news about tariffs from president trump. he says he's going to slap reciprocal tariffs on just about a every country. do you start to see some of your customers who may have sourced some of the foods you distribute from global or, you know, mexico, canada, other distributers turn to you guys instead? >> yeah. and if that's at the heart of our business model, actually. importantly for us, we source kind of mid single digit volumes of our products nationally, so it's a relatively small portion of our $35 billion in products that we source. but the the way we go to market is really aimed at helping our customers what we call make it and deal with these sort of pressures every day. and i'd just point to a couple of things we do to help our customer. first of all, we have a great product line of exclusive brands here. those are high quality products,

they're cheaper for our customers and importantly on the back end, it saves them time and effort in their kitchens. often times these products are prepackaged and precooked, and it helped them get the product flowing through their kitchens much, much faster. in addition to that that, we have restaurant operations consultants, many who have been operator in the industry to understand how to help our customers deal with those inflationary pressures and make their whole operation run more efficiently are. so we're really focused on helping our customers deal with these pressures every day. liz: we're dealing with the pressures every day. i know many of our viewers are too. >> for sure. liz: dave, or thank you very much for comingen on. >> thank you. liz: all right. whistle while you work. today's countdown closer is heading down the mine shaft to dig out a few gems he says could add a sparkle to your portfolio. more "claman countdown" so on the way. dow holding on to about a 372 points of gains. ♪ ♪

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liz: we've got some breaking news on boeing. the stock has been very volatile, but a at the moment we see it moving lower in a dramatic fashion, down just a

third of a percent, but it's moving lower on a tweet by transportation secretary sean duffy who just tweeted out sort of demanding a command performance from boeing ceo kelly or the burg. -- ortberg. saying he wants the airplane maker and ceo to come to washington as soon as possible to provide an accounting of the steps boeing is taking to address safety issues. high of the session for boeing was about $187 a share during the session is. again, it's been volatile, but it's right now at $185.43. one of the big questions on wall street at the moment is when blackrock ceo larry fink, who is now 72 years old, will decide to retire from the asset manager behemoth that he created. what's the answer, charlie gasparino. >> >> another exclusive for "the claman countdown." what sources are telling the fox business network, he has zero plans to retire. his main objective right now is

to integrate the three major purchases he did in the last year. i think $25 billion in purchases, mainly companies that deal in the private equity space, which is interesting, because he's an asset manager. he's moving into private equity. give you a little background on why that's important in a minute. but he wants to integrate that. that's going to take a couple of years. from what i understand, there's no natural a successor. mark weedman, the guy that was the head of the client group, last year he retired at a 54. why did he retire at 54 at blackrock in because larry fink ain't a going anywhere fast. could there be a move at the board that says we've got a succession plan in place at some point because investors demand it? absolutely. from what i understand, the board is working on some sort of broad plan. but for right now, this is the larry fink's show. it's a pretty big comeback. as you know, he was the target of attacks by keys over e es -- by conservatives over esg.

a lot of red state pension fund managers went after him. there was a truck running around a new york city with his face, attacking him over esg policies. it looked pretty bleak for a while. hay lost a trillion dollars in assets during that that time, i would say 22-'23. that has a changed. the company's making a comeback. assets are growing. they're back up to $111.6 trillion. -- 11.6 trillion. they had a decent quarter last quarter, and from what i understand, he's feeling good -- liz: lauren:: it's up 26%. liz: 73% and since it went public and way back when in 1999 and up 6,837. >> yeah, larry gets dinged for esg stuff and it's some deserved and backed off a lot of it and he has rational for it when we'll get him on the show and he cans plains it soon. follow this a bit.

trader at first boston, one of the top mortgage-backed trader and two guys dominate that had in the 80s when created, lou and larry. larry fink take as big loss at first boston. he goes for black stone. steve schwartzman making asset management guy at black stone going with zero assets and a few in 1988 and six years later, buys himself out. $300 million and paid schwartzman and got investor to help him pay for it. schwartzman calls it the worst mistake of his life and now full circle. black stone and blackrock are the some of them in the private credit space.

it's a remarkable journey they've take and again, every board to have a succession plan and at 72, he's going nowhere fast. liz: give me your homework and i would have done it. larry fink is the second oldest ceo. >> absolutely. jamie is in his late 60s and brian boost in energy handout is 64 -- brian monahan is 64, 70s. he's the oldest but i'm telling you, he liz: 27 is the nur 42.

>> one guy said he acts 27. liz: he loves his job. he's skiing and doing all kinds of things. charlie, thank you. cryptoexchange coin base reporting owner earnings in moments after the bell and coin base up 8.5% and bitcoin not traded over $10 0* thousand mark sings february 4. what's going on here? # the camp of people investing in crypto and tests their nerves like a caffeine overdose and david is ceo of sound planning group. start with the crypto faithful, david. what do you tell them to buy if they're really drivers here? >> the real believers is bitcoin

and i'm trading winnings like in the mag 7 and allocating into smaller ideas. cryptoczar and david sacks and procrypto sec and things that are positioning for this expanse, which is ultimately going to make money more efficient, systems more efficient and liz: maybe not gold stocks for those that are not in love with it and crypto to show it because as we continue to watch, the question is, david, when it comes to bitcoin, it does appear to be

vulnerable to the tariff headlines or at least the major market moves in response to that. >> blackrock is a big player and i don't know anyone selling their bitcoin right now and people buy and hold and those around for a long time having the most of t they're not selling right now. i think bitcoin is very cheap right now in comparison to amount of liquidity out there and no one sells and not as much as everyone thinks. liz: you say silver is undervalued and missing the

runup in gold and go to silver. >> my valentine's gift, silver today is up at $32 and 50 at all time high and everything else all time high and have to have silver in order to get this right. my my picks are heclamin and he recollects up 25% and 89% over the last year. they're looking at putting serious numbers on the board. liz: we've got to run and bell and s&p at session highs and by the way, we did gasparino's homework. it's not just bust, it's rouge -- buffet, roger pen ski, steve schwartzman, bob iger all atop ceo older than larry fink. charlie, put barbecue sauce on your hat. larry: hello, folks, welcome to kudlow. i'm larry ku