charlie gasparino has some scoop there. ch universe, oh, yeah, charlie breaks it on ipo chatter and if his latest tweet could put elon back on the sec's radar. closing bell, 28 minutes away. we are till seeing a pretty hot market market. we're slightly off session highs, but the s&p still looking at a record close and, oh, yes, any gain for the nasdaq, that'll do it too for a record close. stay with us. ♪ ♪ talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye contact. you feel that? we just had a moment. [chuckles] who would've thought it? geico. save even more when you bundle home and car insurance. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a

take a look at what charlie gasparino sent us. he's in miami beach. he's taking a lead on the amc story attracting all kinds of attention from the reddit apes, as they call themselves so we said let's interrupt charlie's miami beach vacation and the story is following charlie. charlie yesterday was on the beach and a plane flies by with a sky banner that says amc, we love the stock. to charlie gasparino, whose been kind enough to stop what he's doing which i'm sure is reading the wall street journal and studying up and not playing on the beach and drinking, you know , mai tai's with umbrellas but charlie what do you make of this? charlie: [laughter] you know, i really love you. only if i didn't love you so much i would not be doing this hit right now i just want you to know that, and i love this story, but you know, listen what do i make of this? it is the most bizarre story, i mean listen, in a couple years it's bizarre stuff this is like one of those , you know, sort of real bizarre moments. let's pack this a little bit. the ceo of amc, adam aaron, w

next should amc fans be prepared for potential legal twist for the memes stock saga, probably charlie gasparinon what the theater chain is saying behind the big screen, charlie breaks it next. as we head to the break take a look at the big board we've been thinking a little bit, certainly on the dow now up 130 points at session lows we will see whether that stays away into the close "the claman countdown" is coming right back. the visionary lexus nx. lease the 2021 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. that building you're trying to sell, $359 a month for 36 months. - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them

that's the question and here with more, charlie gasparino. what do you say, charlie? you some of my tweets i'm getting from the amc and the memes but forget about like, you know, being at a bar. forget about being here. they're not suitable for reading outloud at a bar. but from my point of view if you follow me go to my page and see how much love they have for me. listen, i'm only reporting what i know, and what i'm hearing and what i see in the fundamentals of the stock, and there's a couple things going on here we should look at price action of gamestop and amc, the two meme stocks that are not doing well financially, but had been trading like the next amazon or apple. they are off dramatically today. now why are they off dramatically? if you look at the gamestop filing yesterday, prospectus, where they laid out they are probably going to raise money and other issues in there they talk about an sec investigation. now the sec investigation the way it was described was very interesting. we should point out these companies have been very careful about their public sta

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charlie gasparino taking a look at the private sector and how it is trying to deal with this. >> there's something bigger here. let's unpack this a little bit. president biden is spending $6 trillion or maybe more on infrastructure. new york state builds a bridge to new york state. taxpayers finance it. new york state residents use it. if he really wants to help national infrastructure, which this bill does not do, he should be diverting that money into cyber security and these broader more federally mandated or more federally -- things that have more to do with the federal infrastructure than building a bridge in new york city. we need infrastructure in terms of computers, in terms of cyber security. there's not one dime of that in this infrastructure bill. it's a shame. the republicans should seize on this. businesses as the last guy said, it's difficult for a business to guard against everything. this is a national issue. we're being attacked. it's like saying a business needs to finance its own army to stop china from hacking in or are russia from hacking into its software. the gover

charlie gasparino taking a look at this. charlie, a lot of this doesn't add up. add up. a lot of digging into this. >> a lot of this will add up. listen, the guy was hurting for cash. he said it in 2013. he was involved in obscure businesses involving cryptocurrency now. usually people hurting for cash risk doing risky things. sometimes those risky things involved inlegal things. i'm not judge, jury and executioner here of mr. mcafee. if you read his tweets, he claims innocence. you know, there is a -- how can i put it? there's a pattern here and he fit as description. that's why i think the feds are so interested in what he was doing. they really do think -- >> not only the feds here, charlie, to your point but all over the world. he gathered a lot of enemies not only those in various governments but you know, he was around and what he was up to, his business dealings, it was a byzantine empire to put it mildly and state byzantine and confusing to his death. >> by the way, $100 million. far be it from me to say $100 million doesn't sound like a lot given the 100

charlie gasparino has been following this closely for us.use to tout all of the woke activities that they have already engaged in? >> yeah a little bit of both. let's back up. this came out of friday. fox business was the first to report of the first item of proposed rules. what the sec does, they proposes a rule, people comment on it and the commission votes. the full commission is five members. there's three democrats, the buyen appointee and two republicans. the woke things will likely go down on party line votes. here's what i will say. do investors need to know more diversity? do investors need to know just how much you're contributing to make the environment a better place and what are those standards anyway? who sets those standards? i don't think so. a lot of traditional people in the markets don't believe so. profits and losses have nothing to do with these soft issues. we're in a different territory right now. the u.s. government is being run by progressives. what this does -- these are disclosure mandates. disclose how well you're

here now with more on this, charlie gasparino, who's going to break it. charlie?ley: okay. [laughter] >> these are proposed rules. the sec puts them out for comment. i just looked over them. the woke capitalism aspect something that gary gensler, the new chairman, has been pushing. it does appear in these new rules, and one is disclosures about board diversity. he wants also on climate change issues, and, you know, i don't know how a company like amazon -- i mean, some of this sounds like it's excessive. i don't know how a big wall street firm, you know, climate change issues apply to them. they do underwriting for enough green businesses? it is -- the way i read it, at least initially, it's written pretty broadly. so, you know, this is going to be debated going forward. i can tell you this, gary gensler's on one side of the issue, pat toomey, ranking republican on the banking committee which regulates the sec, will be on the other side. he's been against it, so wait until we hear what republicans have to say. one other rule is gameification. what they're looking

oh, yes, it's charlie gasparino once again talking about the woke rules. out it because ceos are talking about it, liz. and from what i understand, ceos are now starting to line up outside the door of gary gensler, the chairman of the sec -- not quite outside his door, but at least trying to get a call in with him, so to speak, so figuratively lining up outside his door to figure out just how far he's going to push these rules. because if he does what he claims he wants to do, liz, let's be real frank here, this is probably the biggest change in corporate governance requirements in terms of disclosures that has hit wall street and hit corporate america probably since the 1930s. this is really big stuff if he goes full on with this stuff. so ceos are lining up. they're trying to get, gauge how far he's going to go. and here's, based on some of the things he's said and inti if mated, what we know about these rules. it's a good chance it could get pushed, it could get voted on as early as the end of this year. so that would be pretty fast that he does it. he j

this comes as investors eagerly await the company's ipo filing, let's bring in charlie gasparino , onlisting? charlie: i think it helps the public listing let's be real clear this is a lot of money for the sec rarely fines people more than 10, $20 million, i mean, these are big, this is a big case. it's done not by the sec, the uber regulator the securities and exchange commission, it's done by what's known as self-regulator. wall street just so people kind of understand this , is regulated in several ways. there's a self-regulatory organization that it finances, that's called finra, the financial industry regulatory association and on top of that there's the securities and exchange commission which regulates not just hit finra but the street itself so that kind of how it goes here it's called cell- regulation they think it's a better, more cost efficient way to regulate the securities markets. this self-regulatory organization has fined robinhood $70 million and again, that's a lot of money. here is what i do know, that the robinhood chose to pay and probably pay more than it might h

charlie gasparino is here. we have sarah westwood, and crystal is also here. you heard the worries before. the biggest theme that if the spending keeps up, inflation will be a problem. are you worried that the more this spending goes on the bigger problem it could be? >> well, no, i'm not worried. this won't last forever. this is happening right now. we have to regular that businesses are attempting to recoup historic losses from 2020. so what we'll see the next few months, particularly at the height of the travel season is prices will continue to remain where they are, really high. they'll fall off towards the fall and people will get back to normal and things will level off. what we want is more americans spending money to pump money into the economy. that is what will happen. >> neil: well, that's the hope at least. i got to ask you, sarah, about the fall-out from this. because you know, a lot of people dismiss budget deficits and the growing debt under multiple parties and say, well, it hasn't really hurt us. you know, inflation is not that big of a deal.

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neil: it kills me too say that i was wrong charlie gasparino was right, there has been a lot of insiderack of insider selling eight or nine have sold millions of dollars of stock in the company from $27.42 to $62.67 and certainly over this. since around the end of may when the spike got pretty noticeable but not among them was a ceo adam aron joining the company in 2016 and these yet to sell any of amc shares, i wanted to be very clear on that the russian the run-up that so many of the insiders are selling minuses ceo so it could be your perspective on that whether the sign of things to come whether to push them on that point but he's not at that point i apologize for the confusion, on the meantime i want to focus on the market, a lot of this is built on optimism of accompanying country coming back, that is no more obvious than the shows that are returning to vegas and sold out right now, some of the months in advance, edward lawrence following all of that in las vegas, what a sweet deal he has in las vegas. >> a pretty good deal i'm in the theater inside of the bellagio they let us in

i want to go to charlie gasparino. i know we're talking about companies going woke. ace where crime in new york is a number one issue. pretty much across the board, what do you make of that? >> it is. it overshadows the economy. the strongest guy on the economy is ray maguire, former wall street banker. neil: right. >> he is an expert at finance. you would think that he would at least have some shot. he is, looks like he is nowhere to be found right now. listen, crime is a big story in new york. all you have to do as we do, not just today but tomorrow in the office. midtown manhattan is a disaster. crime in the boroughs is out of control. eric adams is a former cop. he is endorsed by the "new york post" which is owned by our company, owned by news corp. and i write for them. he is likely to win and it is, anything i think, when new yorkers are saying anything better than status quo. bill de blasio has been a disaster. it doesn't take too much of a leap to realize bill de blasio not just stopped businesses during the pandemic, he and governor cuomo but they turned midt

charlie gasparino, thank you very much. i really do love that restaurant , just saying. that are hurting out there. the latest jobs report did show us that construction at retail jobs are down as well. i want to get the read from our market watchers we've got gary kaltbaum and mitch roschelle. he's smiling because he likes san pietro as much as i do, another story another day, but mitch, i was surprised about the construction in particular because i don't know if it's because of a slow down in the housing market because of lumber prices or if there's something else going on with those particular jobs but that was a 20,000 job decrease we saw for construction, mitch. what did you make of it? >> cheryl, it was a shocker, because and you know i'm close to that industry. everybody i talked to says the same thing and it's no different than the restaurant independent, and it's not too much from the retail industry. they literally can't find workers. there's this misconception that the problem is skills gap in construction, but there are plenty of jobs that are just hard labor,

maybe an excuse to sell, charlie gasparino on that.oney and traced it and then the bad news being yeah, the fed got the money because they were able to trace it. it's a weird kind of conundrum for bitcoin investors isn't it? charlie: yeah, and bitcoin investors a lot of them like to stay under under under-the-radar screen and there's two stories neil as brett and you pointed out. there's the cybersecurity stuff and that we need to improve our cyber infrastructure in this country, which is, you know , hackable and also often blows up just when it's not hacked and that could shutdown the country and then there is this whole thing regarding cryptocurrency and how it's used as an illegal, it's used for illegal activities, and i think what you see today and i've been talking to major hedge fund investors that have money in this stuff, so these guys have skin in the game, we're talking about multi-billion dollar hedge funds i spoke about three of them today all saying the same thing. this is a sell on the news sort of item. a short-term, wha

before we get to charlie gasparino, look at the 10-year yield. we're at 1.437.collapsed, that's a very dramatic word. it's really fallen. look, 7 basis points of a drop here. because i think the federal reserve is so much in control of the psychology of the market at the moment, you can't really try and guess exactly what's at the heart of the, yes, voting mechanism that is even the bond market. which, by the way, is much bigger than the stock market. we are looking at the lowest settle since march 2nd for the 10-year treasury yield. all right, as amazon gets ready for its big banner shopping event next week -- yes, amazon prime day -- there's an antitrust trouble brewing in the nation's capital with big tech firmly in the crosshairs. charlie a gasparino. >> we'll get to that, i think i might have an explanation -- liz: go, please. >> yeah. if you have more inflation, the 10-year yield should be rising, right? bonds -- liz: yes. but it's not. >> so what's going on here? my guess, and i've been hearing this from a lot of bond traders is since the deficits are goi

we have more from charlie gasparino. charlie?ng on on the trump side of this developing story, neil. these are from people close to the trump organization. there is a plan to put out a statement soon, so be prepared for that hitting kind of anytime now, for all i know waits until tomorrow but from what i understand they are preparing a statement to address the charges that are expected from the manhattan d. a., that should come thursday, tomorrow, against the organization, and weiselberg over these perks. now, here is some details. apparently, not apparently, but the manhattan d. was trying to get mr. weiselberg to flip to basically build a case against the trump organization, donald trump himself, and his sons don jr. and eric who are principals in that organization, that's what sources are telling us. weiselberg said no, i don't have information to help you do that, and that's where this thing turned on him. at least that's what we're going to hear more about that when the trump organization puts out its statement, but that's k

all right thank you very much charlie gasparino. this infrastructure package but $100 billion in revenues realized from greater enforcement at the irs. that is not a tax increase per se, but obviously, if you get the irs more muscle to go after folks, the hope there is that this is the hope again from those who want to pay for this that you can extract 100 billion from that and magically, pay for part of it. i think that's a bit of a leap but again that's one of the things they are citing right now, senator rob warner of course, among those saying that's tucked in there. i'll be speaking to him by the way at 4:00 p.m. eastern time on your world, in the meantime, happy to be speaking to the washington examiner, and sarah you wanted to get into other matters which we agreed for this interview but i did want your thoughts on what your sources are telling you about this infrastructure package, and whether it can pass what do you think? >> well, we're hearing a lot of frustration from the progressive s from the left wing of the party tha

joining us now with more on all of this, charlie gasparino. hat we exclusively have on fox business. and i wrote it up for the web too so you get a more detailed account. i was just having a conversation with a friend of mine, and he said, you know, new york is coming back. the reopening is here, everybody's happy, everything's coming back. i think people are going to move back from florida. and then i said -- i'm not going to say his name, because you might know who he is, and i said what was the last time your cost of living in the city went down, and there was dead silence. this is why we have this trend going on right now at the banks where the banks are being inundated with requests from employees to move down to florida. so many they can't even fill them. and, remember, it's first come, first served, and it's often internal people get the job first. the banks are making a pretty -- banks and hedge funds are making a pretty big move to florida. we spoke with some of the business people down in palm beach which is kind of a mecca. a new wal

joining us now with more on this breaking story, of course is breaking it for you charlie gasparino. at you got? charlie: i've got to wake up a little here. it was so long. [laughter] ashley: [laughter] charlie: i'm only kidding. we should point out that this time last year, tiktok was all the rage, donald trump wanted to get the short video act banned, there was a proposed deal with microsoft, that fell through and then there was a proposed deal with oracle which was kind of stayed through the election, through the biden administration. what we know is this. there are many government entities that have to weigh in on the future of tik tok whether it can still operate in the u.s. and this oracle deal which is a partnership where oracle is a u.s. company which would control the data because remember tik tok is owned by the chinese, people worried government is worried that the chinese are going to misuse that data. there's a lot something called s iphius, the former investment of the u.s. and then there's the doj's national essentially the head lawyer for the doj that deals with nation

whether it extends to other thornier issues, let's get to our panel, charlie gasparino and elizabeth.zabeth, you're looking at this and i guess should we like that the europeans like this president? should that mean anything? they see it as a breath of fresh air and they saw donald trump as a thorn on their side and you could just as easily argue that was a constructed thorn on their side because he brought these issues to the table and urged them to put more money on the table. what? >> the point of an american president is to stand up for our country, our values, our beliefs, the future that he wants to build for us and i'm very hopeful for joe biden and this presidency but i really hope that he can win over the trust of all americans and not worry about the trust of those overseas. neil: charlie gasparino, you have been monitoring this as well particularly now this crack-down on tech companies that sounds a lot like the crack-down that europe has had on these same tech companies. seems the world is going the european way. charlie: this is a globalist love fest out there and the ame

charlie gasparino on some worries the securities and exchange commission, charlie? the target of elizabeth warren and some class warfare stuff like we got after the financial crisis, because they are making a ton of money right now, and the economic recovery is still somewhat very uneven, but for this segment, neil, what i'm hearing from my wall street executives is they're trying to get there by sources among the wall street executive crowd, i should say, trying to get their arms around what exactly the top cop of wall street, gary gensler, the chairman of the sec, is looking to do, and they are setting up meetings with him, they are having calls with him. we should point out that apparently he's not fully in the office in washington, of the sec. he's doing a lot of his work from what i understand from his home in baltimore. be that as it may he's still moving forward with what people are saying and these are the executives interpreting the words of gary gensler, they are speaking with him, a transformational chairmanship, and agenda for the sec, so what does that

let's get the read on that with deanna lowe from "the washington examiner" and charlie gasparino.oining me. what is the problem the president has with the lift? they think he's left out too much, right? >> there's the aoc wing of the left that will never be happy if it's not a $6 trillion billion with a green new deal and automatic of the socialist goodies that she wants. but there's a case to be made this is a brute force bill. america has some of the best bridges and roads in the oecd in terms of failure rate and in terms of quality. one of the most important things that biden does have in this bill, two aspects, broad band and railways. but the issue is you can't just build new train lines or extend existing train lines and expect the traffic to follow. where progressives like richie torrez get it right you have an affordable housing issue and land use issue. this is something where biden would be consider to tethering that federal funding to de-zoning and allowing more housing density attached to the train lines. otherwise you have trains to nowhere. >> neil: charlie, the bigg

and in the past would not elicit this reaction or certainly this kind of punishment, which has charlie gasparino wondering as well. we know, charlie, alan weisselberg, the cfo in we has not been cooperative with the authorities here. he will probably want him to serve up donald trump or any information like that. even here he seems to figure that whatever charges are going to be filed against him he can beat. update us. >> yes. it's not just the former president that they want him to serve up. they want him to serve upper rick trump and donald trump jr., those that run the real estate golf course, country club that the former president has. the sons were running that while the president was in office although the president still kept his name on the door, obviously. get a little breadth here and the sense of what its turned up. there was 100 subpoenas from what i understand issued. that's not just the trump organization but affiliated parties, banks. three million pages of documents, five years. cy vance's office, the direct attorney, was trying to build a case that along the lines with michael

charlie gasparino will weigh in on the new woke rules that are meant to reduce the "game-ification of wall street. josh kraushaar joins us on how nancy pelosi is handing ilhan omar's controversial remarks. stay tuned. >> john: we began with president biden meeting with nato leaders in brussels, belgium, stay ahead of his highly anticipated summit with russian president vladimir putin. hello, i'm john roberts in washington as we kick off another edition of "america reports." >> sandra: update week. good afternoon, i'm sandra smith in new york. meeting between president biden and his russian counterpart comes as both nations a knowledge relations have hit a low. this has the lighthouses walking back, from president biden after he signaled he would be open to exchanging cyber criminals with russia. >> john: white house aides say the -- will on the table when the leaders meet in light of ransomware tax targeting critical u.s. infrastructure. fred fleitz will join us in the moment. >> sandra: we began with benjamin hall live in brussels. hi, benjamin. it's become good afternoon, sandra. we

charlie gasparino has the latest on this.sts shooting themselves in the foot with. this what is going on? >> you know, there is a dramatic change going on in the democratic party. it is being reflected in legislation in congress as you see stimulus, massive spending, stimulus spending. also stimulus spending on social programs. having nothing to do with so-called infrastructure president biden is pushing through. you're getting that on more granular level at securities & exchange commission which is wall street's top cop, corporate america's top cop. essentially sets the agenda how companies should behave or disclosing to investors. gary gensler on late friday, we were first to report this, laid out a pretty big, pretty ambitious regulatory agenda from the sec and what they want corporate america and wall street to do. it's a dramatic turn to the left, david. gensler is expected -- first off we should point out these are proposed rules gensler put out on everything from climate change disclosures, board diversity disclosures,

charlie gasparino is here on elon musk, the book. charlie?rlie: well, there's been other books on him but this be , if it does happen and it's still an if, liz, it's not guaranteed there's a negotiation going on and if this does happen, it's going to be probably the , you know, the book on elon musk just like walter izaacson' book on steve jobs was the book, and that's the famed author, fox business has learned that he is speaking with or having an employee tended conversation with elon musk the tesla founder , spacex founder about doing his biography in the same way that's the deep dive, 50 interviews, two years and you're right the definitive book about a major person in finance, and that's what the biographer, we should point out that walter izaacson is a long term journalist, academic, biographer he doesn't need any introductions by me but he's one of the best at this and seriously contemplating doing something and obviously, in order for this book to happen, you need izaacson to want to go ahead with it and again he's not fully committed

charlie gasparino, he has always, you know, had his ear to those who are sort of assessing these markets, right? >> you know, yes. and you can tell it by the wall street investment banks. anything could happen. could get hit by a meteor. but the wall street firms are telling me -- and this is why they're worried, they're preparing for an historic boom in investment banking and trading. the deal flow is forcing the firms like goldman, jpmorgan, morgan stanley to, essentially, integrate people back to the office a lot faster. even firms that didn't have the hard and fast policy like morgan stanley, people are now having to go back because the deal flow is so immense right now. again, firms that benefit the from this are the firms involved in traditional investment banking businesses, goldman sachs, morgan stanley and jpmorgan as a very big with securities firm in addition to a commercial bank. and what's really interesting about this, neil, what they're telling me, is they're going to make so much money over the next 4-6 months based on all this deal flow everything from the robinhood ipo

david: i just had charlie gasparino on, he was talking about the move by financial companies down toeadquarters, but by the workers themselves saying, you know, we'd be happy to move down to florida to pay zero income taxes, etc. are you guys running out of space down there? >> no. by all means, i think, you know, gretchen whitmer was down here on her own doing her own side inspections to see about due diligence. no, we've got plenty of real estate to make available. here's the beautiful thing, we just put $10 billion in reserves in our state reserves. we carry a aaa bond rating for the last three years in a row, first time in the history of the state of florida. not only are we a sound financial place to do business, but we're an inviting place to do business because we listen to our people, listen to our families and businesses, we listen to our job creators. david: jimmy, i want to get your take on disney reopening saying though they are going to ask -- first of all, they're taking the masks off, that's good news, but they're saying you can only visit the parks if you've been vacc

charlie gasparino, all over this story. charlie? will the strategy work in your opinion?me just give you a little background on my sourcing on this , not the exact names but i've been speaking with securities lawyers who speak with the sec a lot. their intention is clearly to look at some sort of manipulation case here involving the run-up in the meme stocks, because if you look at the way they are trading, there's a lot of in and out going on here, and trying to coordinate that and the issue comes in if you can coordinate that with pumps on the message boards, okay? the problem is that these, from what i understand, these are really very difficult cases, maybe impossible cases to bring in terms to prosecute because you really have to tie a message board leak to a person, you have to essentially show that the person is lying, and that was benefiting from the lie. i mean, by owning the stock, this is a multi-faceted procedure to prove a case here, so that's kind of where we are hearing is like they want to bring cases in gary gensler, the sec chair, is from what i understa

with financial regulators including fed chairman jerome powell right now , at the white house, charlie gasparinoom, ha? >> it's not about interest rates ironically. it's about how these regulators and i believe janet yellen is there, the treasury secretary, gary gensler, the sec chairman, and jerome powell the fed chair, and how these regulators can essentially force corporate america to adopt social governments environmental goals. again, i do not know how the fed weighs into that whole scenario but that's what they are talking about. how do you guys, you meaning the top regulators and the top head of the central bank of u.s. corporations and wall street, how do you get companies that you regulate meaning public companies, to endorse essentially a political movement that's going on right now, in corporate america that corporate america must abide by very woke standards in terms of reducing carbon footprint, in terms of diversity goals and mandates, and a host of other issues so that's what they are talking about now. what i've been doing is talking with pr people, and executives in business, an

in the meantime our buddy charlie gasparino looking at meme stocks, they are getting all of the attention? charlie: the consensus, a growing consensus is this thing could go on for a long time, and you know, we should point out that amc stock is set to snap a four-week win streak today so this is the first week it could be down, but it's not out, at least according to investors i speak to that they think this thing has staying power and they are comparing it to the frenzy around fannie mae and freddie mac, for about the last decade, these two companies that were taken over by the government, there was a huge investor-fueled rage going on with these two stocks. it came to a halt this thursday when scotus, the supreme court ruled that the government take over of fannie and freddie during a financial crisis was constitutional, but this was a 10-13-year battle that went on and on and on and the stock actually got as high as $5 a share, some people predicted it would go up to $10, obviously it's nowhere near, now it's going back down below a buck, is the trajectory now because of the supreme c

charlie gasparino, you've been beating the wishes on this one. -- bushes on this one.ug job. it's going to be a -- a big job. it's going to be a transformational sec, at least that's what fenceler is promising and signaling to wall street executives and others who are meeting with him trying to figure out where he's going with tough. and what's kind of interesting about this, liz, is the timetable he has to push through this agenda which is haley on discuss closures of environmental issues and carbon footprints for companies, twrsty and things of that nature if, softer issues than in the past which was the sec mainly forcing companies to disclose material events that could impact the stock and its earnings. he's got a small window at least according to people at the sec, what they're signaling to people on wall street, that he knows that in 2022 you can have a republican congress. particularly if you have a republican senate, the senate provides oversight over the securities and exchange commission. these policies, if he pushes them out in 2022 or 2023 when the senate

to charlie gasparino, this is unveiling as we speak, is it not? >> i guess so.people favor -- even on wall street, this commemoration. it's the way it got rolled out which is problematic. president biden gave federal workers tomorrow off, which is friday, not saturday. then that caused this sort of mini panic earlier today in the banking system, on wall street, particularly at the new york stock exchange, among banks that maybe the federal reserve, which is the regulator of everything, would be off as well. if that's the case, liz, guess what? then the banks might have to close. and i will say one thing, it's almost impossible to turn the light switch off the banking system in that amount of time. it would be very difficult. wall street tomorrow's going to be a big day, it's some sort of options exploration day, quadruple witching hour, whatever you want to call it. we should point out that we have a full write-up on foxbusiness.com. if the stock exchange had to close tomorrow, that would pose a huge problem in terms of orderliness of the markets -- liz: hold on

let's bring in charlie gasparino and what is it about this meeting that has you all a twitter? a twitter. i tweeted about it but i'm not all a twitter by the way it's not advisors but regulators and that's why it's about important thing, it's jay powell and the fed chair, janet yellen, the treasury secretary, it's gary gensler, the chairman of the securities and exchange commission, and what they're meeting about is essentially, a different type of corporate disclosure on companies. in the past corporations were forced to disclose stuff that's material to the bottom line, lawsuits are often disclosed, changes in businesses, things of that nature, anything that would impact the stock price directly and the bottom line of the company was part of the corporate disclosure process now, it's much more, it's much different. there's been a movement to have sort of soft social issues being disclosed by companies, stuff that shows how companies are making strides to better the environment, improve diversity, to be better corporate citizens, and that's what they meant with today, that's wi

charlie gasparino will weigh in on the new woke rules that are meant to reduce the "game-ification ofial remarks. stay tuned. >> john: we began with president biden meeting with nato leaders in brussels, belgium, stay

firing up so much so that they even sent an airplane dragging this amc banner over head to troll charlie gasparino on his vacation in florida, after he stirred the pot with the so-called reddit apes they like to call themselves on twitter, it says amc we love the stock. today's gains bring amc's year-to-date gain to more than 3,551% but in just the last six out of seven sessions the stock sky rocketed 260% evens the company shoulders a debt load of some $10 billion. keep that in mind. all right, amc stands at $64.66 right now. speaking of pushing stocks to the moon we've got to talk about elon musk once again proving that his tweets are packed with rocket fuel. this time, an unlikely target. last night, musk turned his sights on this viral youtube song, "baby shark" tweeting"baby shark crushes all more views than humans." that tweet triggered a 10% rally in asian trading overnight, of samsung publishing. that's the majority owner of the video's production company. this is obviously not the first time musk has gyrated stocks with a single tweet, and of course, crypto, dogecoin, clubhouse media but

charlie gasparino, you've been doing this for a long time, mark calabri appears to be out soon?little bit the reason the stock is down is what the supreme court did is reject most of these arguments from shareholders, from people who bought the stock, when it was in conservatorship following the 2008 financial crisis when the stock was trading very low they bought it, they said that the whole notion of conservator ship of the government taking these entities over, of taking its profits, eventually became profitable, was unconstitution. as part of that whole thing, the government or the supreme court today ruled that the take over was constitutional, the money that's going back does not have to go back to any shareholders at this point, and on top of that, the white house can appoint a new head of the agency, the fhfa which runs fannie mae and freddie mac which are the two companies and they're companies created by the government, it's a whole other crazy story, that helped the mortgage market. they make it possible for you to have a 30 year mortgage, because no bank would make a

we were talking to our floor show guys about that but let's get to charlie gasparino because he was watchinga hawk when it came to what jay powell did and didn't say, charlie. >> welcome back, liz, by the way. i missed you. liz: thank you. >> he didn't address it. a lot of people, a lot of my sources, investors, traders thought he would address it. face it, the reason you have meme stock mania because the fed is printing money. maybe at some point he would own up to the fact that he is inflating assets by keeping interest rates this low and printing money for this much, this long. by the way, i read a little thing on twitter from the sarge, mr. guilfoyle, who said right now the money supply is actually even bigger than the debt. we have $20 trillion in debt. we have $19 trillion in m1. there is some crazy stuff going on here. but he didn't address it. even so, these two stocks took a little breather from their frenzy. i will say this, liz, if interest rates go up that is probably, if you have any indication that inflation is coming, that interest rates are rising, remember powell left that o

that easy cash out there let's get to market watchers shana sissel and mark h ammerick, and charlie gasparinoirst. markets clearly have been feeding off of the easy money for a long time now. is there any sign that powell might be willing to pullback a little from that? charlie: you know, everybody is mixed on this and i know what i hear from my sources. i don't think there's going to be any dramatic changes today, but i do think there will be some rhetorical changes that will address the fact that we have inflation coming, that the fed has created these massive market bubbles in bizarre assets like those meme stocks, amc, gme, that are trading well-above any sort of rational sort of rational expectation of their earnings. i mean, these are money-losing companies that are now worth $30 billion. it's on him. he's got to know that these things never end well. my guess is that he will get something in terms of rhetoric to address that which is maybe he'll start tapering some time in the next century or something like that. david: by the way forgive me for interrupting charlie it looks like we're

charlie gasparino joins us with now what he is hearing. story last night on foxbusiness.com. i should point out my producer and i, ellie broke the story. anytime you start putting people in jail involving finance the target of the price goes down. remember, if you take air out of bitcoin the easiest way to do it start putting people in jail who use it. that has been the history of finance. but let's get to walter isaacson because that is a story we broke last night. fox news has confirmed he is in preliminary talks with tesla's elon musk to write the ceo's biography. as you know mr. isaacson is a well-known author, well reknown. he wrote the best-selling book on steve jobs and he is interested in doing the same type of deal with musk, plim narrowly interested. that means if he goes forward wit, from what i understand, he spends two years plus, interviews him 50 times. he writes what he believes is the definitive account of elon musk. kind of interesting if you go back and, if you googled musk around isaacson in march, isaacson gave an inte

could be facing anti-trust trouble as president biden gets set to announce key appointments charlie gasparinoo played into his 50 because he was barred from segregation and i actually saw him when i was a kid playing in an all-timers game so that dates me let's get back to the story at hand here if you think the biden administration can't go any farther left in terms of regulation, it could get a lot worse. here is what we do know that right now, one of the top choices or you say front runner to be the u.s. attorney in the anti-trust division the lead of the anti-trust division, a huge post, david, in terms of the business community, it has power over deals, it could breakup big tech you name it. it's a guy named carl racine and the progressive d.c. attorney general, just filed a case against amazon to try to break it up. what we understand, and he is the front runner to get that job and again, this is a very important job. now let's just look at, layout the regulatory landscape right now, david, when you look at where biden has put people that are going to essentially regulate the business c

neil: you know i was speaking with my buddy charlie gasparino he and i are ones at fbn old enough toovernment we're here to help. i guess we can extend that so the sec looking at meme stocks, mainly gamestop, we're looking at the stock police we're here to help. where is this going, charlie. >> we've been foreshadowing this all week t came out in filing at gamestop. it trades under the symbol gme. they are the retailer that sells videogames in mall, all the rage with the reddit crowd and robinhood crowd, one of the meme stocks not making a lot of money but trading through the roof. interesting enough the trading patterns are being investigated by the sec. it is not just gme. we should put up the statement. it is really clear according to my legal sources who read these things all day, almost explicit right here, look what they're saying, they received this request from the staff at the sec voluntary production of documents concerning sec investigation into trading activity in our securities and the securities of other companies, neil. that's what i'm talking about here. we are talkin

these are just amazon's number, charlie gasparino, back with us, but he's following what the securitiesw, a lot of people don't pay attention to the sec but i think you might want to now, because you know, he has his eyes on some big changes. charlie has the latest. charlie: neil you just mentioned amazon having tons of competition. well guess what maybe they don't need to be broken up, as everybody is saying right now neil: that's a good point. very good point. charlie: the d.c. attorney general maybe the u.s. attorney for anti-trust. i mean, if they got competition from walmart, and this one and that one, prices are going down, well guess what? you know, they don't need to be broken up but that's for another segment, neil. what we're doing right now is gary gensler the sec chief, and you know, his regulatory agenda is starting to take shape. obviously, we've been reporting a lot on your show, neil about how he wants companies to do woke corporate disclosures on environmental impact, on diversity, stuff that's out of this sort of, that wasn't required in the past. that's one part of hi

let's get to charlie gas gasparino here on the longer term outlook. >> you're heard that saying waitingite happens? liz: samuel beckett, yeah. >> that's what's going on with amc. one of the big sort of parlor games in the investment world right now among traders is trying to figure out what will be the catalyst to finally add reality to this stock price. i know it's down today. it's a money-losing, bet-laden theater chain that wasn't doing well before the pandemic, doing well now. it's fueled by all this buying, and people are trying to figure out what is the trigger. i just want you to know, i think this thing's got longer to go for a lot of reasons, along the same line why fannie mae took ten years to deflate. but this has something, in my view. but traders are trying to figure out what's the trigger. and what we're hearing is right now a lot was priced into the stock is the expectation of a very good season of movies, blockbuster season, you know, people going back to the movies. that is already priced in. and once those numbers come out, liz -- at least this is the theory, i'm not s

our own charlie gasparino reports that walter isaacson, he is the guy that did the best-selling steve tech inknow vator. lauren: it is elon musk. charlie is reporting over the summer, continue to talk, make a decision. will isaacson write musk's biography? stuart: write his own. lauren: the jobs biography sold 3 million. i agree with you. musk hinted at this, he will write his own biography. that is the one people will want to read. stuart: did you read isaacson's book on jobs? i did. lauren: i loved it. two years to write. 40 interviews. that came through in the writing. stuart: it was brilliant. it was thorough. it was long. it was in detail, in depth. he caught that guy. he caught steve jobs for what he was, who he was, how he worked. very good. i love to see him do musk. that would be priceless. lauren: whoever does it will fly off the shelves. he has a following. stuart: we're moving on because i see the dow down 136 points. there have got to be some big movers here, lauren. what do you have? lauren: not on the dow. biogen, they're down because lawmakers are investigating the app