the uk wants to set up ten freeports around england.thames estuary downriverfrom london. thames freeport says it would create up to 25,000 jobs, offer training and upskilling opportunities and unlock £400 million in port investment, benefitting communities along the estuary that need it most. kate willard is chair of the thames estuary growth board — which is backing the bid. thank you very much forjoining us. the government says that this will create thousands of job and unlock investment. however, you speak to trade experts and they say something very different. here, a report from the trade policy observatory suggest the benefits would be, and i quote them, tiny. why is there a divergence of opinion? there is a divergence — divergence of opinion? there is a divergence of _ divergence of opinion? there is a divergence of opinion - divergence of opinion? there is| a divergence of opinion because it is political but what is absolutely clear to us in the estuary is that the freeport is an extraordinary opportunity to start to build in th

they are doing it in many parts of the city, do you live near freeport, long island, then you know theder of two soldiers, the reason? only the color of their americans can -- american skin. are there church schools in your community? and in the south, do bus drivers and conductors shoot down your fellowmen like this? the answers are all the same, it is still happening, the ku klux klan is alive, the cross of east and brotherhood is burning and violence and race hatred, you can stop it, it is in your hand, whoever you are, parent, teacher, businessman, worker, policeman cochran -- dr., it is in your hands. you can stop it, whoever you are , wherever you are. >> this school had its beginning in slave ships as -- bootlegged across the atlantic long after the out going of trade. it was here on these islands, occupied during the early years of the war by the union forces that emancipation first reached the southern cotton lands and beginnings was made.

do you live near freeport, long island? then you know of the murder of two negro soldiers.can skin. are there church schools in your city? is this your community? and in the south, do bust drivers and conductors shootdown your fellow men like this? the answers are all the same, it's still happening, the ku klux klan is alive. the cross of peace and brotherhood is burning and violence in a sacred. you can stop it. it's in your hand, whoever you are, parents, teacher, businessmen, worker, policemen, dr., it's in your hands. you can stop it in your hometown, whoever you are. wherever you are. you are watching american history tv every weekend on c-span three explore our nations past, american history tv on c-span 3 created by americas cable television companies. today we are brought to you by these television companies who provide american history tv to viewers as a public service. >> american history tv on c-span 3, exploring the people and events that tell the american story every weekend coming up this weekend, saturday, at 6 pm eastern on the civil war a discussion with h.

you own tech stocks, right you don't own energy stocks or freeport macnaran. we're rotating around. tyler, back to ou. thank you very much. >> the next guest says the bull market is still very young and not do give up on tech stocks just yet let's bring in jim paulsen always great to see you, jim let's talk about the reflation trade that bob was mentioning. you seep inflation on the horizon. you say it's here. how big, how fast is it going to get? >> i think that's a great question, tyler. i'm not sure i know the answer to that, either. i certainly see inflation picking up you see it with commodity prices you also see it in the major indices like the ppi and cpi i think you're going to have headline cpi go above 3% this year maybe 3.5-ish. and core cpi might make it above 2. i think inflation is here. but i think the question is is it going to be runaway inflation. or does it really just reflect how much the economy is picking up from a rear growth standpoint and from how low inflation was to start this recovery i lean a little bit towards the view that although inflation is coming

. >> we have seen freeport lm geez -- stopping sending it out. do you think that we will see a clampdown? romaine: it's an ability to protect a certain amount of gates. is the issue about getting nerdy and the whole thing talking about coal gas and other gas, but there needs to be in integrity system and when we start looking through it and it moved on to protect residential industrial. alix: you are in good company, we are nerdy here. are you playing at all? >> some of the ones that we played on this were on the upside, general, a longer-term play as the people stay home and want to increase their reliability as work from home becomes more unstable. to be honest with you, i have not been wearing the bearish chat. things moving higher and we have seen some adjustments. that's one that we think has a lot of face and natural gas is one where we think it will start to fullback. alix: when we take a look at what caused it, what is to blame , a lot of different opinions coming out. as a trader and investor, where do you think the issue lies? >> it's a

steel names, aluminum, it's got silver, which is an industrial metal in many ways, new mont goal, freeport mcma ran the next chart is a long-term comparative chart. what it really shows is the one that's lagging, and that's the metals, is the higher beta, right. that's not the case with the commodity. you can see that the o'shoots and undershoots from the xme, it does better, it does here's a chart next chart no drawings or annotations by me now consider the next. this has had very zip drawdowns since the march law. you can see them there down 14%, down 16, down 18 we just had 17.9% decline and now we're starting to recover and each one of these selloffs has led to yet a new high. this is what my eye sees, a well-defined set up for a breakout to new highs. xme on the long side for the catchup trade. >> thanks for that effort r carter mike, what's the trade. >> we've seen so many risk assets hitting new highs as carter was talking about we see some of the store of value types of plays like bitcoin also doing extremely well people have been a little perplexed sometimes what they've wondered

meanwhile, freeport back norm -- freeport-mcmoran is benefiting from the surgeon the underlying metalnd it hit a high for the year in its most recent session and is already up 45%-46% year to date and we are only in february. back to you. rishaad: su keenan in new york for us. let's have a look at business flash headlines. the saga of reliance industrie'' acquisition of future grid assets taking another turn. the indian supreme court halting regulatory approval of the 3 billion-dollar deal. a boost for amazon that has been trying to cuss cattle the purchase as it -- trying to scuttle the purchase as it is trying to dominate india's retail scene. tencent announcing a target to be carbon neutral by 2050, less ambitious by others aiming to be the same 30 or sooner by the end of this decade. they account for 87% of the disclosed and emissions of tencent. china relative to europe on a missions. -- on emissions. biggest backer softbank, potential terms mean softbank would purchase half that we work shares originally agreed to pick up. that means name it would be able to sell half $1 billion

new wave of infections is leaving the health system on the verge of collapse what i can to keep freeport from rio. here is hope in this case the only an indigenous really for you when members of the small to keep what i need tried have received the 2nd dose of the couvade 19 vaccine. we have seen so many people die with this disease i do not want that for my people they were 1st in line to be inoculated together with the elderly considered to be more at risk but they are the lucky few. brazil could have backs unaided 15 percent of the population by now instead of merely 4 percent we haven't because president will narrow still downplays the pandemic sets a bad example by scorning social distancing and delays the acquisition of vaccines the situation today is worse than a year ago when we recorded the 1st covert 1000 case we're now facing a peak of deaths and hospitalizations. in one year more than a quarter of a 1000000 brazilians have lost their lives to the pandemic and hospitals in several states are on the verge of collapse forcing governors and mayors to impose new restrictions but y

it has aluminum like kaiser and century aluminum heckla, numont gold, even freeport mcmoran we think this will catch up with the commodities themselves so the next chart is a long-term comparative chart. what it really shows is the one that's lagging, and that's the metals is the higher beta. you have operating leverage from companies whereas that's not the case with a commodity. you can see the overshoots and undershoots from the xme it does better it does worse than the commodities. we think this is a point where it plays catch up. the xme itself, the actual etf here's a chart next chart no drawings or annotations by me now consider the next. this has had very consistent draw downs since the march law you can see them there down 14% down 16. down 15, down 18 we just had a 17.9% decline. and now we're starting to recover. and each one of those sell-offs has led to yet a new high. and so final chart, this is what my eye sees. a well-defined setup for a breakout to new highs. so xme on the long side for a catch-up trade with the underlying commodities p. thanks for that, carter mike,

. >> a new freeport for the east midlands will create over 60,000 new jobs and provide a massive boost employers such as caunton engineering and abacus in ashfield. after decades of neglect from labour mps, we now feel an sense of hope in the red wall seats. my mum and dad voted conservative for the first time at the last general election and were touched when the prime minister acknowledged that their votes were lent. could my right honorable friend, the prime minister please reassure my mum and dad, my friends, my family and all my constituents that our area will never be let down again? prime minister johnson: absolutely. i thank my hon. friend for everything he is doing for ashfield. he and i have had enjoyable times campaigning for the people of ashfield and will continue to do so. i can tell paul and jenny that our commitment to levelling up is absolutely rock solid throughout this country. >> let us head to meirionnydd with liz saville roberts. >> as we just heard, the government claim to have a levelling-up agenda underpinned by a research and development road map. the trouble

bloomberg has learned the texas governor greg abbott is asking freeport lng export terminal to limittions. this is keeping with the states disaster declaration as a polar blast shows few signs of letting up soon. across the u.s., power grids continue to be stressed this has resulted in blackouts, leaving almost 5 million customers in the dark. or the second day, suppliers from north dakota to texas are imposing rolling power cuts to meet demand. the u.s. has recorded the lowest number of daily coronavirus cases since october 25. there were a little more than 65,000 infections reported sunday. seven-day moving average has also fallen. the holidays third set the cases soaring. prime minister boris johnson wants the u.k. current lockdown to be their last. he is drawing plans for lifting pandemic restrictions on socializing, shopping, and traveling to work. his priority will be to reopen schools on march 8. the u.k. government will publish its plans next week. myanmar's military junta has shut down the internet for a second night to stem protests after it seized power from civilian leade

alix: freeport, you have copper on a nine-year high. blair energy down, potentially in texas recovery play. lower oil prices because of less of demand from the refineries will help the margins of the big refiners. applied materials also looking at a better toy 21. some of the earnings starting to matter in the market. guy: let's talk about what has been happening with the pound in more detail in the backstory to it. let's focus on what is happening here. this is the vaccination tracker. doses per 100 people, to give you an idea of the performance we are seeing in different parts of the world. israel by far and away is the leader, having a huge vaccination program that will. quickly. but it is a small dust program that -- program that rolled out quickly. but they have a small population. the u.k. is taking risks, going for the first dose, the big 12 week delay causing consternation when first announced. but now data supporting that strategy. the u.k. certainly delivering, 25.5 is the current rate. the u.s., 18. the e.u., it exposes a hug

freeport which has had a strong move carl, listen, we're going to talk about it a great deal and listen closely to powell's testimony later today. we're going to keep an eye on congress and see how far that $1.9 trillion bill with get. perhaps the minimum wage gets reduced. or maybe even the overall number but so jim's point, there are a lot of questions here in terms of if we flood the zone as jim just said, are we going to end up with real inflation and a boom at the same time and perhaps overheating? >> it's true, guys it's going to be a real conundrum for the fed chair. if we go by the recent comments, he'll probably continue to say we're not thinking about raising rates that unemployment is higher than reported, that inflation spikes are expected and will be transitory, and as said yesterday, there is this creeping belief in disinflation that's going to anchor prices over the long term just a lack of conviction by -- in mass of inflation really being a problem. >> well, if you go back to this period i'm looking at. this is a period where sales force went from 82 to 53 microsoft is

but put it on your radar, and there are stocks you can buy like freeport-mcmoran to be positioned for's the thing that i'm seeing, is the biggest winners are giveing up a lot of ground here. i personally like when this happens. if you took just a week ago the top 20 winners on nasdaq were up an average of 145%, at this moment they're up an average of 123%. if you missed it, maybe you have the chance to buy them on a dip. share some of the things you do when we have a dip, how do you go about identifying what you want to own? this. >> great question. so first thing's first, we always maintain a watch list. these are companies where we love the management team, the growth story, but the price is just a little bit of out of -- bit out of reach. and whenever a company pulls back, that's when we pull the trigger. look at stamps.com today. great quarter. they blew out all their numbers, but they provided no guidance, so the stock's down 20%. e-commerce is a secular growth story, so we with already own that. we'll be buying more here. and the other thing you can do is identify your favorite

if you're interested in commodities, maybe play something like freeport, a 3% yield, it's got cash flowa dividend, and you get exposure to copper. >> dory wiley with the latest thoughts on the market, thank you very much with commerce street capital we appreciate it. >> you bet thank you. >>> now to washington, d.c., and the latest in the stimulus talks as republican lawmakers pitch president biden on a scaled back package. tracie potts joins us from washington with the latest, and how scaled back is it tracie. >> a third of what biden is proposing and of course there's a rush to get this done because extra unemployment and other benefits run out after this month, but the biden plan, the republican plan, they're billions of dollars apart. here's what's on the table, two plans to help struggling americans. the new republican proposal would cost $618 billion, a third of president biden's plan, with no money for states, local governments, and much less for schools. it includes smaller stimulus checks, a thousand dollars targeting low income families. and less unemployment. >> it makes no s

i missed too much freeport i was away i'm sorry. i was recuperating new core hasn't run yet. rotation isn't done. patience now, ten i've been telling you about the simon properties i went to see their malls. people are going to the malls again. huge comeback. the malls are now up scale a lot of simon properties are up scale and beneficiary is a great reopening because people have spare cash we can buy things on etsy and shopify but people want to spend and the malls a good place to spend. we know the day will come when we can see the light at the end of the tunnel. we knew reopening stocks would jump ahead of time that's happening now you're no longer early with the names but that doesn't mean you're late, either. how about the rest of the market do we kick fang to the curb or the growers red hot? this is what you're going to have to do look, i've read the reddit, wall street bets. i'll cancel something you don't want to hear but i got to do it because it's right you have to accept a level of under performance with these other stocks at least until the reopening trade is done

salesforce, freeport-mcmoran, copper at multiyear highs.uick. >> i think monday trade we're going to open higher, and i think we're going to be able to sell into it. i think the markets are going to open the new month on a rally, and i think that you can then probably look for some selling and look for volume to increase every day because it looks like there's a lot more movement coming, and i think we're going to see some real action. liz: yeah. folks, we are now down on the dow, 419 points. session low was 490, so it looks like we are heading back down in that regard. it's been a very red day for the dow. todd horowitz, bubba, always great to have you. folks, todd actually teaches trading. you've got to listen to him. he's a longtime expert in this stuff. folks, thank you so much for joining us here. it is a mixed picture, but the nasdaq comes back 81 points after yesterday's rally. that'll do it for me, time for "kudlow." ♪ mug. ♪ ♪ larry: hello, everyone, and welcome to "kudlow." i'm larry kudlow. folks, here's the leadoff thought today

a bid for the thames estuary freeport will be submitted to the government later.isk of some significant snow and ice, and early met office weather warnings for the second half of the weekend and monday. today though we've got a generally dry start. a bit of sunshine at times. a lot of dry weather today. there are some showers just floating around, especially later on from the west. but temperatures once more above average for the time of year and feeling a bit like spring in any sunshine. more showers, i think, moving our way from the west overnight tonight, and coming in with quite a bit of cloud as well. a slightly cooler feel to things for the start of your weekend. temperatures will slip lower tonight than the nightjust gone. tomorrow, a lot of cloud around. there will be some showers as well, but really what happens is we start to drag in this much, much colder air from the east. as it meets these showers tomorrow night, some of us could see some snowfall, and that snow risk continuing into the second half of the weekend and for next week too. and just before

the sector was up 0.5% earlier freeport-mcmore an on a high note silver and goal, obviously one of the0% and coming off the tenth straight month of gains. david, back to you >> thank you, mike. >>> mike santoli after the break, don't miss it an execsclusive with the ceo of target communications, tom rutledge we'll be right back. i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t. >>> charter communications announced this morning a $5 billion investment to bring broad wand to more than 1 million unserved customer locations. the investment includes $1.2 billion from the rural dig opportunity fund option. joining us to discuss is tom rutledge, chairman and ceo tom, alw

freeport mcmoran and discovery up 2.8%. interesting because we have the head of discovery coming up with us in a little bit, david zaslov you're watching "squawk box" on cnbc it's hard to hope, hard to cope with crisis. so we get to work. we mend, fighting for every person in every neighborhood; we, the coming of the common good. so dare to care, to be hope-sided. we're never divided, when we live to give, we always live united. >>> welcome back to "squawk box. we have breaking news out of washington president biden set to make changes to the payment protection program >> good morning. the white house and small business administration are making tweaks to the way the payment protection operates that they say will allow more small businesses and minority-owned businesses to move up the queue with their lenders in aseries of policies announced this earning month, one is there will be an exclusive period beginning this wednesday and going through march 9th where the sba will only accept applications from businesses with fewer

i recall from his visit in 2019 that bristol will make an excellent location for a great western freeportship programme across the country. before the buduet programme across the country. before the budget is — programme across the country. before the budget is finalised, _ programme across the country. before the budget is finalised, could - programme across the country. before the budget is finalised, could the i the budget is finalised, could the prime minister ensure the chancellor reads the new report the case for keeping the universal credit lifeline? his government has been incredibly generous to pals with ppe contracts so surely instead of cutting employment related benefits to the lowest levels in 30 years he must afford some basic dignity to 6 million people on universal credit and make the uplift permanent. brute and make the uplift permanent. we will continue to look after people throughout this pandemic and beyond and the best thing we can do across the whole of the country is to balance our economy back as fast as we can, get people into high quality jobs. as i said, that is