they go on to say risker is moving too slowly and lordstown is driving an inferior product to market. they are only down 1%. >> goldman is late getting to the story about let's get real on electric vehicles they all have three or four things in common number one, none of them make money. number two, they have all had huge speck thattive run-ups going into med february. number three, they all got hit big when interest rates started moving up mid february and all of them were clobbered along with the speculative areas of the market, spaces and they are all 40 to 70% off of their 52-week highs as a result of all of this, the run up in the speculative fever and the run up in interest rates. we knew there was competition but everyone was in the grips of this crazy that the market was going to go up now let's go back to reality i think it is good and high time. >> excellent point from the market point of view, bob. that's why robert i wonder, from the car point of view, where are we on some of the emerging brands >> i love how bob says that goldman is late in saying that these companies are

no third, lordstown motors.hat set up shop in a gm factory with the goal of making an electric pickup truck great narrative. but last month the short selling research firm published a report that called the order book into question and the stock has been dropping like a lead balloon since. the most important allegation, lordstown ceo steve byrnes kept toting he had a 100,000 preorders. hinder burg called them fiction. what is a preorder when is an order not an order? when it's a lordstown order. he also climbed the company is much further away from production than we've been led to believe management says they are on track to make them by september but at this point, i wouldn't take their word for it number two, moromeo power. this looked promising. they are in the same business of the scrape but it turns out romeo is the over promise. romeo, where are tho beats the heck out of me the fourth quarter numbers last month with initial guidance for the full year, the numbers were horrifying in the leadup to romeo's l

other evs moving to the upside, lordstown motors and workhorse, you've got lordstown up 2.5%, workhorsetoday, but ceo elon miss manying is. he has been -- musk is. he has been invited to join the board of endeavor group, of course, the parent company of ufc and miss universe. it's a huge hollywood agency. endeavor has revised its plans for ipo after putting those plans on hold back in 2019. maybe second time will be a charm. the big leader of endeavor on the right. funco, the maker of bobbleheads, is getting into the nonfungible token business. the company acquired a majority ownership stake this token wave, the developer of tokenhead. are you following me here? a mobile app and web site used to showcase and track nft holdings. dunko expected to launch initial offering in june, but the stock is up 7.6%. off the day's highs already. and even though airport traffic has been on the rise, express spa groups sinking after falling short of its fourth quarter revenue estimates. the company reported just $300,000 in fourth quarter revenue compared to 10.9 million in the same quarter last year.

hill, but i think the problem is when you get behind the fisker, you just tend to wallow, i mean lordstown, not a lot of good news coming from lordstown, the romeo power quarter, the preannouncement was as horrible as i have ever seen, so you can get excited about these, carl, but i think in the end, you should be expected about some of the, yes, you should be excited about boeing, you should be excited about disney, i don't know whether this is the time to get right back into docu-sign and zoom, as great as those companies are, carl, more people come to work, the central office, that's why cisco is going up because they're central office, so i am a believer in the semiconductor capital equipment, applied materials, meeting this week, i think the semis because there's a shortage everywhere, that makes sense, that's the intersection of tech, but otherwise, carl, i just hope that people don't lose more money. >> that's an interesting thought, jim, and david, it kind of reminds me, cnbc had a pretty good look of a survey over the weekend of 300 ceos and hr executives, and the overwhelming vie

>> just behind those trees behind me is that shuttered plant from lordstown that led to more than 1,000 to it. this mega factory extends for a half mile. you could foot 30 football fields into this victory that will mass produce batteries for all kinds of gm models including a cadillac and a new electric hummer. this is very important for the u.s. to play catch up in the electrical vehicles game. other country that's are quicker to adopt and enbrace electric vehicles and to create the supply chains to manufacture them domestically. i talked in the plant with tom gallagher, the chief operating officer. this is what he told me about how this project is different from anything else. >> does this feel like anything you have ever done before? >> no, i built plants before, but on this scale, with a joint partner on a global basis in a pandemic has been a unique challenge. but it brought out the best in our team. in the midst of the pandemic we were growing jobs on the site, it wasn't happening in the world but it was happening here in ohio. >> these mega factories are cropping up all over the

virgin, lordstown all seeing big losses tim, you flagged this one.as a couple of things i'm long draftkings first of all. the thing here is about growing market share and some formulaic reputation of how they will participate in that. the new york gambling proposals and the legislation coming through looks really cloudy at best very confusing i think that's a negative. look, in terms of broader money into the spac market, if -- it is a spac, but trading on the fundamentals of the company, in spac land, there have been a lot of issues with essentially the pipes that are funding a lot of these spacs and the punctuation on how emphatic the investors have been on the deal or not i think the pipe market is going through some pain right now. i think there is a lot of deals out there. there is a lot of indigestion there is a lot of folks that are pulling back and thing is a lot of folks in the capital market side that are pulling back on those deals because they don't see an appetite >> yeah, karen, you also -- you all were talking about this on the call ea

charging station stocks are walloped and anything that touches an electric vehicle, van, truck, lordstown motors, ni nikola let's not forget about stocks like fuel cell plug power. they are trying to make hydrogen fuel cells a reality but rack up big orders but there is no shift to green hydrogen. instead, you have irregularities, they equal sale. sixth house of pain, peloton hey, these guys have been doing business with high tech exercise equipment but dealing with the fallout of a horrifying video from the u.s. consumer product safety commission that made me never want to go near a treadmill again. it's a real life video of a toddler getting pulled underneath the machine with his rubber ball. it is one of the most frightening things i've ever seen hollywood couldn't make something as scary as that clip. meanwhile, bitcoin got hammered this weekend on worries about potential regulation, vicious margin call. i keep telling you when you have a big gain, you need to chaching i can go on and on about the house of pain versus the house of pleasure. if you're in the plain old fashioned equitie

we have an an exclusive inside look at a plant in lordstown, ohio. >> if you think about it, chuck, ifn made electric vehicle, you can't do that. if you even go to buy a tesla, the batteries are made from asia. and while the signals the federal government is sending through its own purchasing power is important, but what is really happening right here, what the auto industry is doing by signaling a different direction that will hasten this shift. inside the old cells which is going to be about the size of 30 football fields, we talked to executives that said they are designing battery cells that can be stacked in pouchs and you can have the same battery cells going into an electric cadillac or an electric hummer. they hope creating those new options will make it possible for more consumers to choose electric vehicles over gas gusling combustion engines that make up about one-third of our greenhouse gas emissions, and when you think about the politics here, chuck, it was president president trump that promised jobs coming back to the assembly plant that shuddered here two years ago, and

thank you as we head to break, it's a mixed picture in the ev space today after names like nikola, lordstownout 8% 1336 is the vel the.leer there's more ahead stay with us these days you have to keep everything moving and reinvent the wheel. with a hybrid, you can do both. that's why manufacturers are going hybrid with ibm. with watson on a hybrid cloud factories can use ai to automate the little things so they can focus on the next big thing. businesses that want to innovate at scale are going with a smarter hybrid cloud using the technology and expertise of ibm. new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. >>> too many investors are poorly positioned for inflation is a warning what changes you should make to your portfolio on trading nation more "squawk on the street" straight ahead we made usaa insurance for members like kate. a former army medic, made

interesting, romeo power missed the quarter really badly, i'm not going to count on them, nico, and then lordstown, three out of five missed the quarter badly but you know what? >> that's stunning >> but i do think that e.v. is really important because we are very far behind other countries. >> there's some headlines this morning about the white house asking the epa to look into credit policy to see what kind of credits might be generated by some of this and this is what the commerce secretary told jim last night on "mad money." >> this is about outcompeting china. we need to invest in america invest in american manufacturing capacity invest in american workers and skills get back into the business of investing in basic research, where we have fallen behind. if we act now, we can't dilley dally, let's take action, we will compete with china. >> jim, you mentioned capacity spending on semis. already, taiwan semi's out today saying they're going to spend $100 billion over three years. we know what intel is spending about. 20 samsung, another 100 billion and micron last night talking about a relative

we announced previously we would have one battery plant in lordstown, ohio, and literally just announcedring facility, and we're going to build a new plant next to the manufacturing facility to build the batteries. so that's our plan. neil: do you know, rory -- you know this far better than the i, but i often times think are we getting ahead of ourselves with this technology? it's a beautiful vehicle, but there are a lot of people who like traditional gas-powered vehicles for lots of reasons, and i'm just wondering if we're going head strong into a russia might -- rush that might not meet the demand? >> yeah, i think there's lots of different industry forecasts at the moment in terms of ev adoption and, you know, there are some concerns from customers in terms of some of the things with respect to ev; i.e. infrastructure, charging, range and the like. so from that point of view, i think, you know, adoption is growing. if you looked at the statistics this year, you can see the ev penetration of the market growing significantly, and certainly just about every forecast you can looked at whe

general motors pulled out of lordstown, sending electric cars manufacturing down to mexico.oxconn, they quit doing that factory in wisconsin. you eliminated over 11,000 union jobs on the pipeline. it like i said, just name me, as far as the numbers, your weekly jobless claims falling, those are people going back to work. so, what has he done in 100 days? host: joe, thank you for adding your voice. on the sunday shows, lindsey graham with these comments to chris wallace as he talked about whether or not the president is working in a bipartisan manner. something the president talked about in his inaugural address. [video clip] >> during the campaign, joe biden made it seem like he was the moderate choice and suddenly we are changing the structure of the supreme court. a radical idea changing the makeup of the senate. aoc in his first 100 days exceeded her expectations. that's all you need to know. i like joe biden but i'm in the 43%. he's been a disaster on foreign policy. the borders in chaos. he's opening up negotiations with the iranian regime -- regime and they haven't don