emotional. i think markets have priced in a lot of the bad news so long-term i really do think we are starting to see bargains here. we are buying into the strength but over the short-term, it's a very tradeable market especially if you're trading based on technicals and we've had a great last few weeks. charles: i just got 10 seconds left, but i think the thing maybe you'd agree is if you haven't sold a great stock and it's down a lot it be crazy to take a loss at this point wouldn't it? >> yeah, i think look. a lot of these stocks, and you look at some of these big tech names, some were getting cheaper as they went up on a forward multiple basis and now they are cheaper than before. if you have capital on the sidelines or in a quality name start looking to deploy capital and over the short-term just don't follow the headlines. charles: adam, my money, per you. liz claman i'm buckled up for this last hour of trading. liz: oh, my, my. charles i know you've had the nasdaq bug right there on the lower part of your screen.

we're putting it right in front of you folks. the nasdaq right now is down 536 points. it is in correction right now. if it closes down more than 396 points, it will officially enter a correction, defined as a 10% decline from a recent high which was back on december 16. president trump's lurching stop/start trade policy just lunched again while the markets are still in the red they are burning off at least some of the losses. the dow jones industrial is at its low down about i think i want to say 625 points right now they are down 564. s&p earlier saw 130 points sliced off right now it's down 119. russel 2000, down 36 at the moment low of the session a loss of 45. trump's latest reversal came literally just minutes ago. he just signed an amendment including canada to make usmca complaint products coming from canada and mexico exempt from

levies until april 2. this morning in a social media post in which he said he would now halt all tariffs he had just implemented tuesday until april 2 but only on mexican goods, that fall under the usmca afraid deal, now he's adding canada in the last couple minutes. yesterday, auto stocks gunned their engines when mr. trump, after speaking with u.s. auto ceos suddenly announced a 30 day pause on the 25% tariffs on vehicles and auto parts, coming into the u.s. from mexico and canada but as we kickoff the final hour of trade, let's look at tell stallantis, ford a. if you look week-to-date general motors is down 4 and one-third percent. the president's constant shape shifting of the tariff position has the warning lights of wall street's fear index blinking wildly. the vix is up 16% and for the week, it has spiked

about 25%. the vix is not the only thing blinking lights. wednesday, the "wall street journal" called out the president on his lifting of the auto levy saying this is the second time mr. trump has blinked on tariffs and investors may figure he will do it again in a month. well it only took a day to blink two more times and the market reaction is still pretty harsh. ten of the 11 s&p sectors are swimming in the red. tech consumer, discretionary, and real estate are getting slammed the hardest and investors are steering clear of the buy button, perhaps also because of this. look at the new trade balance data that just came out. the u.s. posted a record $131.4 billion deficit in january compared to the 127.4 billion estimate. the massive trade gap indicating companies scrambled to secure foreign goods ahead of trump's tariffs. then when you break out our neighbor to the north, exports from canada to the u.s. spiked

7.5%, widening the trade gap to $14.4 billion from december, from january, yeah, you can see 14.4 billion in january, from the 12.3 billion in december, and yes, those include electricity exports. much of which comes from ontario. coming up, will ontario pre peer doug ford turn out the lights as he threatened on america's northeast where all that electricity goes? he is here, coming up, we will ask him. in the meantime, is it time for you, the investor, to learn how to do something called downside hedging? let's get to the floor show, david wagner, specializes in downside hedging to protect portfolios. he's here along with trader peter tuckman, whose live from the floor of the new york stock exchange. peter, i don't know, whiplash. the market looks like it's not buying the very latest reversal on tariffs. what are the trading flows telling you about that? >> you know, what, look. we have been going back and

forth all day today. the volume that's coming in for the closing bell was initially for sale and then it flipped to buy a its been about half a billion dollars either way. this is for the closing auction. now it's once again for sale so it's kind of trying to follow what's going on in mr. trump's head and that's including his guesses, if that's a possibility so these reversals. if you go back to trump 1.0 in the first time, trump was in office, there was one-day he was talking at davos the first time he ever mentioned tariffs and china and the market sold off 1,400 points that morning it was 11:00 in the morning. by the end of the day we had actually entered bear territory by definition that you just described which is 10% off the most recent high. by the end of that day, we had actually rallied 2,800 points, closed up 1,400 and were once again in bull territory. so i think we need to throw out all that terminology.

it is absolutely irrelevant at this point to even label things with that because it just creates that catastrophe and in traders and investor's minds that we're going these things used to take decades and generations to happen and now they are happening between a coffee break and lunch and so this is the way he disseminates information and we need to get used to it and you're right. they aren't buying the last one. we did turn for a moment if you look at the graph on the s&p, which is up behind me, we did come off the lows of the day when that notice just came out but they didn't buy it and they rolled it back over. they are sort of getting a little jaded by the fact they don't know. it's like the weather in boston. if you don't like it wait a minute. it's like if you don't like what he's saying, he may change it in a moment and we've seen that all this week, markets sell-off a thousand points and then mid-day, the whole tellerment changes, and we rally back. we've seen that two or three days in a row this week where we literally had huge rallies on wednesday. or tuesday huge massive rally

into about 320 and then news came out about one of his changing of his decisions and we sold off 1,000 points. so, it does for an investors psyche i'm sure it's causing a lot of angst. we're seeing it in the vix no question about that. for traders, gentlemen you had on before, this was talking about the technicals are working beautifully. if one is a trader in this market this volatility is just a gift. but surely, for an investor point of view it's causing anxiety. liz: that's where david comes in. you deal with longer term investors, and right now, it just feels like they are aiming to limit their downside risk and we feel like this is a time where we got to explain to people how they do that and this is precisely what you focus on when it comes to buffering people's portfolios. explain what that is and how people can do it. >> yeah, liz. i think peter's exactly correct. given the headline risk out there in the market right now,

volatility is probably going to stick around for quite some time and i do think it's a trader's market but especially on the option side which is we've started to recognize that. as the market evolves, we have to evolve with it or your trading style will become very much antiquated and i think a lot of these antiquated styles of investing especially at the advisor level, you can only own stocks, own bonds or own cash, and when you get this type of volatility the only lever that advisors think they have the ability to pull is let's increase our cash position or let's increase our fixed income position. but i think moving forward if you look through the windshield and not rear view mirror i don't think fixed income is going to give you the returns or the correlation benefits we've really been accustomed to, really since 1981. one on the return perspective, if you look at treasuries, you know they have basically a zero return since 1924. liz: well, yeah, so let's get to -- >> after considering inflation. liz: let's get to the buffering,

these buffer etf's and in essence they basically exploded in popularity over the past couple of years. it kind of started during the covid pandemic where people were trying to limit their downside, and they wanted to make sure they at least captured some upside, and we put some of these, we can, put them on the screen. these are buffer etf's. explain how they work. >> yeah. i'll be very truthful with you. i think buffers are one of the most inefficient ways actually to utilize volatility as an asset class. i think when you utilize volatility as an asset class it's basically owning long puts. i think you have to be very active in utilizing them. you can't be handcuffed to the calendar where you put out callers or different buffered strategies that can only reset on a monthly or a quarterly basis. it's very inefficient. to peter's point if you saw the market on tuesday, at one point the s&p 500 was down 2%. it went back to flat around 2:00 and then ended the day down 1%.

if you have an active strategy that isn't handcuffed that can move puts on a daily basis intraday you have a much better opportunity to take advantage of this volatility to your benefit, where you can protect capital on the downside, but also have a better participation on the upside. liz: well, that is i think something that people are trying to capture right now so they can hopefully cap their losses. peter really quickly. what do you think will happen in the next 50 minutes? right now the nasdaq is still in correction, right now so down about 472 points. it's getting wacked down 2.5%. >> you know what? the crystal ball is a little bit foggy at the moment. my gut is that we'll come off on the lows of the day and rally into the close. it kind of feels that way but look i've been proven wrong. on a normal day i'd tell you what the temperament is between 3:00 and 4:00 based on the market closed and balances but given the fact mr. trump is known to just throw out a tweet

or any kind of information on a whim, you know, i be remiss if i even tried to do it today. all i know is we need to get used to this kind of volatility. we're going to have it going to the future. my hope is we sort of work in a little bit of a short-term low here and that the market, we are seeing a bit in the market come in at some points when mr. trump is not laying out the information, so let's hope for the best. liz: not quite happening right now the dow is still down about 481 points we're watching it all david, peter thank you so much. the bears are tearing up one particular chip stock and the bloods kind of getting all over the rest of the sector. is the attack on marvel technology really deserved? we'll get you the facts and reaction when the "clayman countdown" returns on yes, it is a messy market day. ♪ chocolate fundraiser. with the chase mobile app,

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liz: fox business alert folks we are seeing a recurring pattern amidst this round of quarterly reports. sentiment has flipped to very negative, even when companies top the street's projections. marvel is tumbling right now, right about down 18.7%. close to the lows of the session. it's one of the biggest losers on the nasdaq, despite a fourth quarter beat. it comes down to guidance, but this is a bit of a head scratcher. the chipmaker forecast first quarter revenue at the midpoint range of $1.88 billion, which is actually ahead of the street's 1.87 billion estimate just slightly low. investors appear to be disappointed that its new deal with amazon's aws to provide custom chips over five years was not enough to boost guidance more, so the stock is selling off. now, fears that a.i. spending

are slowing, that's spilling over into the broader chip sector. nvidia, micron, on semi, broadcom are all down from 4 plus percent to nearly 6%. we should mention we are waiting on broadcom to report earnings after the bell, so keep an eye on that because they are a competitor to marvel. while investors are chipping away at the chipmakers they are eating up shares of cracker barrel the stock is jumping 7% following the fiscal second quarter top and bottom line beat which led the restaurant chain to raise full year guidance thanks to a busy holiday season its same-store sales jumped 4.7% year-over-year. the chain known for country-themed food and merchandise says about one-third of the merchandise sold in its stores comes from china. cracker barrel said its now looking for supply alternatives and working with vendors to absorb some of the costs from the tariffs now that have been slapped on chinese imports. got to look at mongo plummeting

to the bottom of the nasdaq down nearly 26%. the software provider reported a fourth quarter beat but once again, overshadowed by lackluster full year guidance. forecast fiscal year 2026 revenue of $2.28 billion at the top end. the street was looking fo for 2.32 billion. so they missed right? that estimate implies 12.7% year-over-year revenue growth which be the slowest rate since the company went public back in 2017. the ceo said its outlook was due to an assumption its products outside of its most popular cloud data base service atlas would decline in the high san single-digits year-over-year but they expect atlas to continue to be the money maker as it produced 71% of revenue in the fourth quarter showing 24% year-over-year growth. all right, i'm keeping that eye in o the nasdaq here. it's down 463. the s&p though, that has been struggling this week.

it's a broader indicator of all of the stocks many of you own and perhaps more importantly, the s&p has fumbled all of its 2025 gains and is now negative for the year down 2.86%. germany's main index in stock world, the dax, well that's a different story. it has rocketed higher by 17% year-to-date. same time period. where is the rocket fuel coming from? industrial tech giant siemens and now siemens ceo roland bush is saying to u.s. expansion that this news is breaking right now. it's a fox business exclusive and he's only speaking to us next, so stay tuned. we're coming right back. (vo) memory and thinking issues keep piling up? it may seem like normal aging but could be due to a buildup of amyloid plaques in the brain. the sooner you talk to your doctor, the more options you may have.

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liz: fox business alert. well, everybody's been buying u.s. stocks over the past couple of years. look at shares of german industrial tech giant siemens hitting a record today up about 3 and one-third percent. i mean, a 25-year chart up 110% but if you just look at a two-year chart you can see how this company has really moved, but today, its getting a bump on the heels of ribbon cuttings at its manufacturing plants in texas and california. yesterday, it celebrated the expansion of its pomona plant which produces electrical products for all types of manufacturing and today, it opened its fort worth,

texas facility which will make electrical products including switchboards for data centers, right, those are the keywords lately. the project was 18 months in the making. siemens is playing texas hold'em by betting to secure a winning hand they might show the trump administration? joining me in a fox business exclusive, in fort worth, texas facility is ceo dr. roland bush. congratulations on the new facility. tell us specifically what you will manufacture in that lovely plant behind you. it looks really shiny and new. what happens there? okay, his shot is frozen. let's see if we can reestablish that but what's important about these two plants is they are actually build-outs of a couple of existing plants that have been already in the works but again, the most additional parts where they have these ribbon cuttings have been the past 48 hours. one is in pomona, california and

one is in fort word. the stock itself kind of speaks volumes about the broader german dax index. the germany dax index as we showed you year-to-date is up 17%. it has far outpaced the dow, the s&p, the nasdaq, and intraday you can see what's happening with siemens but i'd just love it if we can show one or two-year chart with siemens because that's where you start to see the big move, and, keep in mind, the big news yesterday was that the european union broadcast this all over the place. germany has announced a 500 billion euro plan to spend on everything from infrastructure to defense. siemens, that's right up its allie. right up siemens alley, so we've reestablished with roland bush. sir, let me just start with what i asked you before. what are you going to be doing in that shiny, new plant behind you? >> yeah.

thanks, liz, for having me. liz: sure. >> this plant behind me is producing switchboards, so if you want to electrify a data centers, you need switchboards, and this is a huge demand. each customer is a little bit of a different one and this one assembles perfectly to the quality needs, switchboards for data centers customers but they go also in other places. liz: can i just ask you for clarity here? are these bolt-ons or additions, add-ons to existing plants? i just wanted to be clear for our viewers. >> this is a very new plant so we have another plant nearby, in grand prairie. this one at fort worth is a brand new one and along with pomona we invested almost $300 million. this will create 900 new jobs and these are new capacities which we are building up to serve the demand of our customers, which is increasing. as you can imagine because data centers are much because of a.i.

technology that needs all the compute and we're taking care that they can go up and running. liz: well, yes. tell our viewers exactly what it is siemens does. you do everything from insuring electricity to making sure that everything is technologically working smoothly. >> yeah. so, i mean, give a little bit of background. we worked in the united states for 160 years. in the last 20 years we really accelerated because the united states is our largest market. the highest revenue share of siemens comes from the united states, so today after this let's say heavily investment in the last 20 years, we have 45,000 people, 12,000 suppliers, and our investment, including the latest investment in engineering is a software simulation company sums up to a total of $100 billion, so therefore, we are all-in and what we do is we basically develop digital twins, physics-based digital twins so they not only look like the real thing and they behave like

the real thing. even develop software which simulates how software runs on your hardware and this is very important for semiconductors but then to build it in the real-world, on the shop floor. we are the largest automation company so we speak the language of our customers, so at the end of the day, we combine the real and the digital world, bring the power of software, supercharged by a.i. to the shop floor and make great things. make plants more productive, shorten cycle times and develop even new innovative products. liz: if you look back, the last let's call it 18 months all we hear about is oh, the german economy has really been struggling. well now you have new leadership and this 500 billion euro infrastructure debt plan, it's really interesting to see what that did for the stock markets in europe. not just germany, but france, england. are you going to land any of those contracts and if so how

much of that would you spend or produce here in the united states? >> so what it does, first and foremost, is number one it takes care of our increased spending in defense in germany. that's a very important one and the second big element is our infrastructure investment. we have so much of missed spending in infrastructure and this gives us what you need to capture infrastructure but also in education and building the whole sector so it's very important. liz: the big word of the day. i just wanted to tell you as you know the big word of the day here is tariffs and president trump has threatened very seriously to slap 25% tariffs on all european goods coming into the united states. he calls them reciprocal tariffs. >> yes. liz: does your build-out here in the united states help you dodge some of that or mitigate some of the pain from that? >> yeah, it does, definitely,

and i can't understand the logic which is having a level playing field is good, bringing manufacturing back to the united states, creating jobs is good but also having technological leadership which is the motivation behind, so i can check the box in all aspects. sometimes the speed is a little bit of a challenge because you need to relocate manufacturing that takes a little bit of time, but we did that in the past and we will continue to do it in the future so we are local-for-local. our value add sits on 85 plus percent and we continue to do that. yet we come to the point. if you want to localize, and this isn't only for siemens but any other company wants to localize manufacturing in the united states, in a market where you have labor, let alone skilled labor, we can make it as automated as digital as possible, bring the capabilities that i.t. capabilities the united states has on the shop floor so you can leverage these capabilities and make it work with newest technology. liz: well, i know americans

appreciate the jobs that you are creating in both fort worth and pomona, california. congratulations, on the ribbon cutting, and we are so interested in this story, so please come back. thank you so much, dr. bush. >> i will. thank you, liz. liz: president trump has justified the ongoing yo yo tariff war by saying canada and mexico have been very unfair when it comes to trade with the u.s. so what happened to the praise he showered back in 2020 as he signed the usmca deal which he called a could colossal victor. we are bringing in doug ford working full-time to fight for his country's businesses. >> i don't start a tariff war but we're going to win this tariff war. right off. >> [applause]

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liz: so i told you it was going to be second-by-second. we're getting more breaking details on president trump's executive order signing in the oval office moments ago. the president was joined by the ceo of cma cgm. who announced an investment of $20 billion to the u.s. which will be used to build ship infrastructure and terminals. couple of other headlines. the president told the boeing astronauts stuck in space that, "we're coming to get you." he said he will probably extend the tiktok deadline, so this is a fire hose of headlines right? and president trump also said he will make a trip to saudi arabia in the next month and a half. the president has accused nato countries of not paying enough for the security of europe, and

added that if nato countries do not pay up, the u.s. won't defend them. he also confirmed there are ongoing discussions with hamas about returning hostages to israel and the u.s. the news comes after the president's latest tariff reversal when he signed an amendment to make usmca compliant products coming from mexico and canada, exempt from the levies until april 2. now, let's go back to february 10. since february 10, president trump's heavy metal move has hit aluminum and steel stocks. let's look at kaiser and when president trump signed a proclamation to restore 25% tariffs on steel and lifted the aluminum tariff from 10% to 25%. aluminum stocks have fallen from nearly 4% to down 12.6%. steel stocks, they are down about 6%, or slightly less depending on the name here, since those steel and aluminum tariffs were mentioned. now, president trump is saying

today, those tariffs will not be modified. the tariffs take effect next week and the industries are bracing for impact. roughly a quarter of all steel in the u.s. is imported and for aluminum more than half comes from abroad, namely canada. kelly saberi is on the ground digging into the tariff impact on u.s. metals and prices. she's in genoa, illinois. i wish you were in italy at custom aluminum products a company that transforms the raw aluminum into consumer metal products? reporter: yes, that's correct, and behind me, we have the largest paint line in the midwest so right now the pieces of aluminum have been processed. kind of gone through a cookie cutter, or coming out after they've been painted and they're drying so i'll give you a closer look but i want to talk about canada because canada is poised to be hit the hardest from any steel or aluminum tariffs. when then-president trump implemented a 10% tariff on

aluminum in 2018, canada negotiated an exemption. now, this is the key. canadian companies continue to charge 10% more than what was typical to reflect what u.s. buyers paid other countries with the tariff, and that extra 10% added up and custom aluminum ceo here, steve dilett says over the last seven years those canadian companies were able to rake in about 5 billion extra dollars. 15% will be increased on this new tariff, but the important thing that we've been talking about is that there will be no exceptions for any country. we have this back and forth going today now but the other big deal about this is any derivative products of aluminum like extrusions which is what they do here in this factory, are not exempt. this is really important because the u.s. is producing less and less aluminum. down 11% year-over-year, or producing less than a million metric tons, which is a very big

deal because in 2018, we were producing about 4.5 million metric tons. energy is cheaper in canada. they use hydropower to do processing so we've come to be reliant on them. now the top countries that we import our aluminum from of course, like i said canada, but also, china. this is important because while you see that number on your screen, we're told by the folks here that that number is actually a lot greater, because china has the ability to ship to countries like mexico, repackage their aluminum, and then ship it over the border as if it's coming from another company. take a listen. >> ironically, alcoa stands for the aluminum company of america. in my opinion based on its most recent statements, there should be an a removed from their name. their interest is really how this new executive order really affects their primary aluminum production out of canada. their windfall is over.

reporter: this is important because alcoa is based in pittsburgh but does most of their business in canada and other countries, so while they've expressed they're upset about this tariff and they're expecting to lose about 100,000 jobs in aluminum, most of the interest probably revolves around what i just explained. liz? liz: kelly, thank you very much, kelly saberi. canadian industrial metal exports specifically anything nl popping in price and also popping the tension between president trump and canadian leaders who say they are fed up with the tariffs strongarming, but just moments ago as we reported at the top of the show, the president announced canadian products that comply with the usmca trade deal will be temporarily exempt from tariffs until april 2. in order to see what could be next in this tariff two-step let's look at what's gone down in just the last 24 hours with

our neighbor to the north. canadian prime minister's justin trudeau's phone call with president trump apparently got heated and according to the "wall street journal" included profanity. the premier of ontario, canada's most populated province, shelved the polite demeanor canadians are famous for and ordered u.s. alcohol products off the shelves and regarding a different kind of juice, premier ford made a threat about energy. the u.s. consumed $2.1 billion worth of electricity imported from canada last year. could it be lights out in port of the u.s. listen to what doug ford says. >> i will do everything including cut off their energy, with a smile on my face. liz: well, let's hear how he feels right now. joining me to sort through all of this is the ontario premier himself doug ford. any change in your attitude now that the president and the last 20 minutes said that usmca compliant products coming in from canada be exempt until

april 2 from the tariffs? >> well first of all, liz, thank you for having me on. i start off every interview with saying canadians love americans. i love americans. spent 20 years of my life but in saying that we'll put a 25% tariff on electricity coming from ontario, to michigan, new york, and minnesota, and isn't this a shame? it's an absolute mess he's created chaos, he ran on a mandate to lower costs, lower inflation, create more jobs. it's total opposite. people are going to be losing their jobs in the u.s. and uncanada and inflation is happening already. the market is one thing, the market doesn't like his uncertainty. the market is going downhill quicker than the american bobsled team right now and it's unacceptable. the situation he's put american families in, canadian families and around the world, it's just going to hurt, and for the last

part with aluminum, the u.s. only manufactures 16% of their aluminum. a lot of it comes from quebec. liz: when do you anticipate you will implement your 25% tariffs on the u.s. that you've talked about? >> monday. i feel terrible, three great governors get along well with them. great people, and i apologize to the american people. there's one person to be blamed and this is president trump. he said he's going to postpone the tariffs. he said that before and two days later changed and a few days later i learned one thing. you touch his stove and you burn yourself. you don't touch that stove again and 62% of our goods coming into the u.s. they don't fall under usmca. what i recommend is let's sit down and hash out a deal with usmca and let's move forward and create a fortress. two greatest countries in the world. unfortunately this sounds like president trump doesn't want to do that.

liz: you know, i was in argentina for the g-20 meeting back in november of 2018, when the usmca deal was signed with the so-called three amigos, the leaders of mexico, the united states and canada and we just want to replay what president trump said then about the deal, compared to the tension that we see now. listen and i'll get your reaction. >> the usmca is the largest, fair its, most balanced and modern trade agreement ever achieved. this is a victory for our farmers, ranchers, energy workers, factory workers and american workers in all 50 states and you could almost say beyond. liz: what do you think happens since then and he has been clear about the fentanyl crossing the border. again it is a very small amount in comparison to what's coming in off the southern border but if you could go inside his mind, as one leader to another, what would you think? >> well first of all, he is

the one who put this deal together and he said it's the greatest deal ever, and you know, president biden hasn't touched this deal, so what has changed? and as for the border fentanyl, i would say one graham is too much but we've put over 10,000 personnel on our borders. we have fixed winged aircraft helicopters, everything, but what he doesn't report is the hundreds of kilos of cocaine we just apprehended at our border just ontario alone. the opioids, the fentanyl, the guns, the illegals coming across. i agree let's tighten up the border and we have actually, really tightened it up so that i agree on but it works both ways. i sat down personally with the dea. our federal law are working hand in hand with our canadian border patrol and along with the u.s. border patrol. we all agree, but don't use this as an excuse because that's all it is an absolute excuse. he wants to declare an economic war on his closest friends,

closest allies in the entire world and it's not the american people. it's not the elected officials, because i talked to republicans and democrats, not one republican has told me this is a great thing. matter of fact, behind closed doors they say it's a terrible thing. liz: premier, it's not a great thing for our stock market today. they're not buying the latest news coming out of the white house of maybe some amelioration of this , so, you say monday, you will put the tariffs on the electricity. we'll be watching all of it. thank you so much for joining us. >> thank you so much and god bless america and god bless canada. let's get through this together. thank you. liz: we're coming right back with the treasury secretary's warning to iran. dow jones industrials now falling about 455 points.

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add streamsaver with apple tv+, netflix and peacock included for only $15 a month... and stream all your favorite entertainment, all in one place. expecting big announcement at the white house crypto summit and don't have to wait because charlie gasparino is right here to tell us, what are you hearing? this is interesting. >> yeah this, is joint reporting by me and ellie tarrot. this will be interesting. tomorrow is the big crypto summit. crypto world is expecting some big announcements and one a>> announcer: .

. crypto taxes and we don't know for sure. zero capitol gains tax on the sale of u.s. digital as societies and that would cover bitcoin, ethereum, xrp and a few others. that's pretty big if that happens. number two, hearing alaska something involving banking. if you'll remember, biden administration really penalized crypto holders in the banking business and whole thing called operation choke point 2.0 where they debanked people in the crypto industry. trump could and trump going to speak at this thing and david sacks, crypto czar and venture capitalist and smart guy donald trump has running it and trump will be there apparently. if he shows up, he'll announce something like a roll back of the biden era crypto banking restrictions known that were implemented under something called operation choke point

2.0. and cftc and 28 screen and more people on the full screen and it'll be pretty interesting. likely white house officials to attend include commerce secretary howard lutnick and executive chief and crypto czar aforementioned david sacks. trump is rolling out economic agenda and saw bessent today speaking at economic club in new york, liz. and always got the impression

that janet yellen wasn't totally engaged and bessent is. one of the problems the trump administration has and in the red on the screen is they're not selling their plan. scott bessent waited till the end of his speech and he basically said, you know, here's the positive maga agenda you should be focussed on. we're going to de-leverage the public sector, we're going to levage up r price by giving them tax cuts and regulatory relief. he gave the speech and with kudlow and sort of intellectual prospect it's not working and market said it's not working and show positive maga.

liz: the market is not cassioppi cementing it and nasdaq folks in correction about to close and down 10% from the recent sighs and nasdaq down 490 and needs to close under 400 to solidify that. commodities are spiking and heating up ahead of valentine's day and cocoa futures are melting down and 9% losses so far this week. and that's actually creating an investment opportunity according to today's count down closer. joining us now, capital ceo jeff mcclain. jeff, hershey just wasn't so i wonder where you like this name? >> i'm not the only one picking up on they and hershey doing

very well and got oversold. cocoa futures played a big role and hershey's put out their statement we're not buying it and future prices are mismatched to reality and going forward, hershey's has so many strong brands that a lot are overlooking the steadiness of the brands like rendition of resees's and long term and a buy opportunity, other people have been getting in the game quite a bit this week. it's scooped up and making movers. liz: hershey's is the only

chocolate that works with s'mores. it's the best. not buying the tariff and walking back that president trump made in the last hour. thinking like i do that tariffs were short term pain that's necessary, and providing great volatility trading, awesome. long term issues? that's fine too and it's overblown and tahin they need to plan as your prior guest said. liz: investors ready to kick finger off the buy button and nasdaq closing in correction. we'll see you tomorrow and see if we can see -- larry: hello, folks. welcome to kudlow. i'm larry kudlow. so