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tv   Making Money With Charles Payne  FOX Business  October 21, 2021 2:00pm-3:00pm EDT

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ashley: my time is up. lots to talk about. it is time to send it to my good friend charles payne. take it away. charles: ashley, good to see you, my friend. good afternoon, i'm charles payne. this is "making money." markets right now are moving a little bit sideways. we're consolidating nice gains five days in a row. there is frustration with earnings season. here's the deal, if you make it the street likes it you will do extraordinarily well, if you miss, this is feast or famine, you miss, watch out your stock will get hammered. speaking of earnings crocs is my stock of the day. taking flight after earnings report. wall street kicked the stock to
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the curb. all the smart money missed a 20% move. they're back on the bandwagon. the president reagan says the government taxes anything that moves. well now senator krysten sinema saying that well, they may want to tax everything, at least the biden administration will because she is not down for the current tax plan. speaking of presidents, biggest stock in the market today. president trump's will merge the company with digital world up 375%. absolutely amazing. meanwhile, folks, there is one thing we can all agree on our distrust of the government. we have a new poll suggests that could be a rebellion in the wings. all that and so much more on "making money". charles: all right, folks. listen, it is sort of a sideways day. looking at s&p 500, up five days in a row.
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only week 1/2 ago, less than week 1/2 ago early last week we were wondering we were going through a trap doors. we had four really ugly sessions. finally the 5% correction in the market. guess what, we have staged a remarkable rebound. we're in the shadows of the all-time high. here is the interesting thing. leadership keeps swaying back and forth. now you've got growth stocks are higher even though bond yields are higher f you thought it was confusing market it gets more and more confusing. the one word i used on the show over and over again for years, resolve. the stock market is really resolved. we will bring in the first two guests. we have got, who, we got the ladies. erin is with us. erin gibbs with us. and uma i came close the last time. next time, uma, i will be 100%. meantime talk about this market. uma, let me start with you, your overall assessment. last tuesday was the fourth session back-to-back-to-back
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where we closed near the bottom of the session. ugly closes. people were becoming worried. inflation in the air. stagflation in the air, all kinds of things, yell here we are knocking on the all-time high again. >> great to be here, charles, back again. you know at this point we've seen some earnings results coming out and it is kind of fair to say at this point covid really feels like it is in the rear view more mirror for us, we focused on what is coming ahead. as we try to navigate the markets for our clients something we're really focused on is looking at stocks that really have great demand drivers at their back. also have really good pricing power to make it through the inflationary period. if you look at type of things that will be working in this post-covid environment i think a great example of that we were great, public markets, view today. trading really well. it is indicative of the type of office space we're going to be
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looking for going forward, past this covid phase. we're looking for flexibility. we're looking for you know, these types of demand drivers that are creating some great opportunities for investors today. charles: erin, we're in the thick of earnings season, 72 s&p companies reporting this week. here is the thing, those that miss get hammered. i think a lot of times it is an exaggeration. help out the viewers. you're a viewer. like the stock, earnings in line, beat by a penny nevertheless wall street hammers the stock. how do you handle that? will you sell or ignore wall street's initial reaction because you i this it's a good company? how do you make that determination. >> the companies mostly vulnerable to meets or which is a miss, they are in negative momentum they will get doubly hard if they miss and it will probably going to continue. so i would say you know any
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stock that hasn't participated in the october rally, that already has been down, earnings season is most likely continue to bring them down. another thing is if they have missed multiple times in the past three quarters and this is like the fourth quarter that they missed, if they're having repetitive history of not being able to operate coming out of the pandemic, it is another reason to say you know, my investment thesis is wrong. it is time to get out. those are the companies that have gotten most beaten up, obviously very early in the earnings season. they're the most vulnerable. they're the ones we really want to think about getting out. the companies if they miss, they're still going up, they're most likely continue to go up. charles: great, great points. that is actionable help that a lot of viewers need. talk about inflation a moment. five-year break even, great gauge for future inflation, keeps edging higher and higher. the minutes came out of the fed, the fed minutes. we were playing drinking games,
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ladies, took a shot every time word shortage came up, none of us would have made it today. t was said 74 times. uma, is this right now the biggest long term impediment risk to the market? is there something else? >> inflation is here and as you mentioned the shortages are such an issue, that is really all related to the supply chain is clocked up. resiliency, pie chain, getting solutions for making sure we're able to transport goods in timely fashion, the backbone of that supply chain is the industrial real estate that stores a lot of these goods. you know, charles, i got of the earnings call. it's a great industrial reit we like here where they own some of the best industrial real estate in southern california. the demand they're seeing for their spaces as people try to
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really figure out to create more resilient supply chains is absolutely phenomenal. they're seeing year-over-year record -- charles: what is the symbol? what's the symbol for that? >> rexr. charles: rexr. erin what do you like before we let you go? >> so i'm sticking with large caps even though we're seeing, obviously a rally. you might think people are taking higher risk, i'm not getting aggressive. i'm not moving into rigskier asset classes. we really see that people are focusing on large caps. i'm all about growth at a reasonable price and looking for consistent earnings growth. so high quality as well as reasonable price. charles: uma, i'm getting closer and closer, erin gibbs, i nailed that a long time ago. fascinating stuff. we appreciate it. that is what the audience needs. i want to bring in bmo chief market guy brian belski. brian, i love talking to you on
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days like this, you and i had a conversation gazillion times. you were bullish when everyone was bearish again. you were bullish when everyone was bearish yet again. here is the question, have we passed the worst of this year? was september the test? have we cleared the last hurdle for 2021? >> i think we have. i'm humbled by the intro by the way. listen, i can't keep making up these new phrases, climbing the wall of worry, all this kind of stuff, charles. i really that i that we're involved in a melt-up situation in markets. i think people have been too bearish. they have been trying to be the smartest person in the room and guess this correction. we had our 5% correction. i think we give that a golf clap to move on. we're transitioning into an earnings driven market. you see that in the results so far. i think fundamentally the markets are in very good shape. we have 10 more years left of
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this 20 to 25 year bull market. we still need to see people, investors engaged in this charles. some of the sideshow stuff from this year, meme stocks or the spacs or any of that, kind of just really speaks volumes to why you should be a fundamental investor and why you should focus on u.s. stocks. charles: with that in mind though, brian, last time we spoke obviously you were bullish. it felt like you were changing your mind with respect to the composition of the next leg higher. where are you on the whole value, growth debate right now? >> our view on value and growth actually hasn't changed. we said on both. i think you have to have a high quality tilt on that. your prior guest talked about high quality. this has been ebbs and flow type market. when one area is oversold, you want to come in to swoop up the high quality areas with very strong dissendability of earnings, low volatility of earnings, return on equity, cash flow, return on invested capital in the positive side. we want to be less volatile.
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we want less beta. we want more consistent. that is dividend growth important. high quality value is important. that is why garpy, more secular growth is important, not just hyper-growth. charles: ronald reagan famously stated governments view on the economy can be summed up in a few short phrases, if it moves tax it, if it keeps moving regulate it, if it stops moving subsidize it. unfortunately we may have to amend that big time. here in d.c. they want to tax everything whether it moves or not. art hanging on your wall, unrealized gains, buybacks, corporate buybacks. what would that do for this rally? >> we maintained our bullish stance even through what i like to call the death of the zombie apocalypse back in march of last year, on march 20th, this is the bottom of the market. stocks will rally principally because of faith in the investors and corporations and
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thanks to fiscal and monetary stimulus, went and bought the right stuff meaning companies. we never like to see the government get involved. i guess heading into the midterms next year mr. biden's administration better hurry up to get done what they need to get done because it will be increasingly difficult as governments potentially more split in the united states. that will be very, very good for the stock market. charles: listen, with he all believe in investing owning great companies, particularly great american companies, it helps the stock if they keep most of the profits, not have to fork it over, have it confiscated. you've been great. talk to you again. real soon. >> thank you, charles. charles: president biden wants the public to know his spending plans will cost zero. that is what he keeps saying but internal opposition how we foot the bill might derail the whole thing. the white house is looking to alternative ways to raise money. people are waking up to the fact that we're importing inflation.
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♪. charles: so folks, i know you have seen them. lots of headlines on the disarray in washington, d.c., none really captured the urgency more than the one i saw from "the washington post" yesterday. biden abruptly accelerates his involvement in agenda talks. now president biden's extreme fundamental changing america has run into two speed bumps. he has decided to go slow on spending and removing opposition from his own party is bedeviling challenge. i want to bring in economist joe lavorgna. senator sinema is not down with increasing taxes. they are using ideas, wealth tax, some things elizabeth warren talked about before. i'm not sure jumping out of the frying pan into the fire here. >> yeah, charles the wealth tax,
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other countries have tried it. perhaps most notably france. did not work. it is logistical nightmare. hard to administer. forget whether it is a good idea but from a practical standpoint it's a terrible idea. it won't raise money and hurt the efficiency of pretty healthy capital markets. they can put that in a bill but i highly, highly doubt that will make it through. that is good news on that score. charles: a famous actor left france and moved to russia. people were fleeing the country. no one liked it. no one liked it. the farmers drove their tractors to paris although they weren't sure what the topic was. >> girard depardieu was the actor. charles: keep medicare and medicaid expansion. the child tax credit, keep it in for just one more year. but getting rid of free community college. they will get rid of the climate change stuff. anything else we should know
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about with respect to the next version of this spending bill? >> well the casey mulligan who preceded me at the white house, the chief economist from the council of economic advisors and i believe stephen moore, they have written an op-ed piece in the "wall street journal" that looked at the aca, medicare expansion, estimated that would cost four 1/2 million jobs. people would stay out of the workforce. keep labor force participation low. we know we're still five million below the pre-pandemic peak, charles. labor force participation has not gone up in a year. you have to wonder with some of these programs going to hurt labor supply, keeping people reentering the workforce which would be bad, their skills atrophy, long term income prospects go down. a lot in the bill needs to be restructured if not eliminated. i'm not sure how it will play out. they're trying to do a lot of different things at the same
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time. even two trillion is quite large. certainly i don't believe the economy needs it. we're seeing tremendous wage inflation. we talked about the supply bottlenecks. you have got energy issues. throwing in $2 trillion in an economy over the next four, five, six, how many years this is scaled out too me is too much money and the government will get to be competing with the private sector for scarce resources. the inflation story, cost of living, living standards will get worse i believe if this plan is put in place. charles: i tell everyone it is truly not about economics. why i said in the intro biden is fundamentally changing america which he admits not economic cradle to grave government dependency is big feature of that. i want to say on issue of taxes. how amazing the federal government is now wanting to take in all your records and looking at them and change taxes in the meantime? i don't think many people realize tax receipts under president trump have resulted in
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the biggest spike in revenue for our government. i mean, it is amazing. you're not surprised obviously but, it is truly amazing to me that anyone would want to tinker with that. it is working. >> you know, charles, what is interesting, other than the clinton years which by the way under the second half of bill clinton the economic policies were excellent and revenue share of gdp got up around 21%. historically it is about 18%. when things are weak there is recession it is lower but 18% is the long-term average which means if you want to pay for the things that people want, maybe the government to provide the way to do it isn't to try to squeeze more through compliance which i don't think is as big of an issue people make it out to be, grow the pie, grow the economy, more things people want whether on the left or right side of the aisle. it is about growth, what they don't like about the policies putting forward they don't do
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anything about growth. that is my issue. charles: they assume we can't grow anymore. let's divvy up the pot right now. >> charles, that is in the forecast. the omb forecast has gdp 2% or less. charles: i know. president biden doesn't care about that anymore. they have given up on the notion that america can do it. can doism. maybe they don't think we can do it or don't think we should feel that way. i do want to ask you one thing because this came up, you and i talked about globalism, trade you know. i think we have a faustian deal with china. i think it has hurt us tremendously. now we're really starting to see it. adobe put out really good research now every time we point and click we're actually, costs go up. before you would get on internet. buy something cheap, they would ship it over from china. since june last year prices are actually gone up. is this another argument bringing businesses, workers,
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factorieses back to america? >> i'm a free trader but you need a common set of rules where people play by the same rules. if you don't play by the same rules it's a problem. under president trump he wanted low tax rates, he wanted energy cheap and efficient energy and basically an on-shoring or re-- resourcing of labor and production back to the united states. it's a good thing. certainly we need to probably produce more semiconductors, high value added product. other strategic things such as pharmaceuticals most of which we produce overseas. i like the concept much free trade. i think free trade is good and free trade is generally better than non-free trade however we need to do more just from a strategic national security issue of bringing some production back to the u.s. but to do that charles, you need pro-business regulations, you need low tax rates and a dependable source of energy inexpensive. those three things. >> we can talk free and fair trade as long as it is
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reciprocal on the other side with our trading partners not doing things some of have been done against us. we're way out of time. appreciate talking to you things. >> reciprocal. charles, that is the word. charles: speaking of president trump, folks, he is back an investors are loving it!. he will merge his new company with a spac, up almost 400%. the stock is rocking. we'll tell you about it. a new poll reflect as america you near hear about and david bahnsen and liz peek have always championed it. they're next. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust.
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i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit
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gold. your strategic advantage. ♪. charles: so we know that president biden and his agenda
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are in total free fall. any poll, it is array of polls but there is a reason behind that i don't think is examined close enough. now there is a poll that sheds light on this even issues that the media always seem to get wrong, maybe sometimes on purpose. i want to bring in from the bahnsen group, david bahnsen, and in studio, my old friend liz peek. i haven't seen her in so long. grenell college, founded in 1846, a liberal arts college, considered one of the best in the nation. they put out polls. really fantastic. this most recent one, i looked through the data. i couldn't tell you i couldn't think of two better people to talk about it. first things that stood out. 52% believe american democracy facing a major threat. what are your thoughts about that? >> interesting to note that republicans think that more than democrats. a year ago the opposite would have been true. this topic has an incredible partisan divide. for republicans think the 2020 election did not to according to
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to plan in part because of possibly fraud, more importantly rules changes that democrats shoved through in the last minute. we hear things like mark zuckerberg spending $419 million to influence suppose he he he hy non-partisan election officials. umbrage of freedom of speech. cato did a study, they can voicl opinions because they will be deplatformed. charles: people say democracy goes hand in hand with that. david, plurality of independents, almost 50% also agree there is a major threat to democracy. so we know, we always know to liz's point, depends who is in the white house how that kind of flip-flops from republicans and democrats but independents are concerned as well. >> well, that is the solve the problem. you wonder if people are
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answering based on their belief about the actual ideology of democracy, the sort of philosophy that the country is built around is under threat or do they believe our execution of it right now, the way it is practically being applied is under threat? and i think those are two different things and people may answer in different ways. you're right though, the independents feeling that way speaks to the uncertainty in the country. i would add to liz's., you have the free speech issues that we all talk aabout a lot, we're rightly very concerned about. the freedom of religion aspect is becoming an even bigger problem. we saw that throughout could have individual when churches were shut down and strip clubs were allowed open, that is extreme example but it happened a lot. there is an attack on free religion all of the time and bundled with the attack on free speech. those things threaten democracy as much as these other things. charles: according to the poll
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only 7% of the americans have high trust in the federal government. nurses, doctors, scientists get the most on the other side. david, my question, only 7% in the high trust in the government. is that number too high? >> you know what, charles? i think that number is perfect because i think 5% of america works for the government. charles: [laughter] >> amen. >> those numbers coincide with people that get a check from the government. no one in the private sector who is a little bit society engaged would say the institution i have great confidence in is some aspect of the government. not just because of the political or idealogical distrust but because the basic efficiency and competence. charles: let me get to another one. when i saw this one i really, it thrilled me so much. it was under the banner of the statement statement what people should be free do. you know what is number one?
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wealthy! this is speaking your mind. liz, become wealthy, if you sat down and watched television all day long if you went to the movies, caught 10 of the latest movies from hollywood would you imagine the number one things americans would say they need to be free to do is become wealthy? >> david, charles, that is exactly why people are not on board with the tax the wealthy thing, it polls well, until someone says i might be the person who becomes wealthy. i don't want to be taxed like that. if you ask immigrants they comb to the united states, one much the things is ambition and accumulate wealth and the other thick is freedom. countries they are not free to choose their own religion, profession, religion, and opportunity. that is what the big -- charles: really amazing, isn't it? david, just the idea, again i don't even think wealthy in the sense of jeff bezos right?
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greater wealth than my parent had. enough to make sure my kids get a good start in life. >> charles, when i began studying the world of economics to inform my profession one of the things i could not believe how dishonest the numbers are about the gap between the wealthy and the poor. the poorest and wealthiest is a big gap but tell you not, not the same people at the bottom. people are climbing the from the bottom but not comparing people to people. in this country we ability to do two things, go from poorer to richer and can go from richer to poorer. the aspiration nature of our republic. it there is nothing i get more animated more about that subject. charles: some things. meantime, thank you very much. like i said i could not find two
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better people to talk to you about that. a little tidbit, 15% of the folks should be free to physically harm others that was kind of weird too. i do know a lot of people think they should be free to hurt others behind nasty social media posts. we'll get to facebook later on to that. the at one point exxonmobil was ultimate powerhouse, bain of all progressives, the bane of the company? golly they are talking about not drilling big projects. how do we find a way to make money off the solutions to inflation? we'll be right back
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(naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do.
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world, exxonmobil now, donning its own energy strategy. apparently the board is considering abandoning some of its biggest oil projects. i want to bring in laffer tengler investors nancy nancy tendinger. if they can't produce oil what is going on? >> in "the wall street journal" article, that it wasn't just government but board officials pressuring the company to produce less oil and gas, all the while quietly going to fracking producers could you pump a little more and saudi arabia could you pump a little more? investments in oil and gas are down 26% from pre-pandemic levels. to hit the paris accord target, we have to increase renewable spending 1.3 trillion to 3.4 for the targets of 2030.
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you don't have to tell people that renewables are not reliable. don't have to tell texans we need oil as a bridge. if we don't get that one right, then the individuals who are already paying, tremendous prices, particularly lowest income cohort where 30% of their after-tax income is spent on energy. i was going to say last thing, i'm so mad about this, because we were energy independent less than a year ago. charles: it is nuts. i agree 1000%. it is really like the worst kind of self-inflicted wounds. the poorest americans are taking the brunt of it. i toggle the channels, they're cheering on the administration, yea, yea, you're poorer than you were yesterday. let's talk about this report this morning on manufacturing.
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it wasn't that it came in below consensus that caught my eye. they put a special question in there, comparing 2022 to 2021 an cap-ex spending. 15% said they will spend more. only 14% said they will spend less. software, computer, non-compute. give us a few ideas how we can make money off the cap-ex boom? >> yes, charles. there are three narratives to pay attention to in technology because it will drive productivity just as it did in the 90s. one is cloud. any kind of infrastructure cloud play, microsoft, sales force, service now, amazon. these are companies obviously that is the sweet spot. cybersecurity is next they have run a lot. use patience to get in. omni critical chip base.
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you can buy any chip. we own taiwan semi, texas instruments, broadcom, lam research, also qualcomm. these are names you want to put them away. because their capital allocation plans are also quite favorable to investors with very strong dividend growth policies, broadcom and texas instruments in particular. charles: cloud, cybersecurity and chips, the three cs. nancy, thank you so much. folks we'll be right back. >> thank you.
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charles: breaking news from the fed, which is announcing a new set of rules. this is banning active trading, increasing more disclosures by fed policymakers and senior staff. joining me now youtuber matt kohrs. this is mind-boggling. i'm thrilled it happened. scottbut ralph bostick had four morgan stanley accounts. we're checking into that. we know there is report last week even jay powell himself was trading market. what does this mean to you? >> to me personally, maybe i'm just saying this, a little bit too early in life, putting a target on my back but i think it is very, very evident that our politicians and other elected officials are clearly abusing
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their power. we have federal chairman switching from bonds to stocks right before they announced one of the most historic qe programs ever. we have federal judges trading stocks as they preside over companies as they're litigating cases for those companies. we have politicians front running global pandemics like i said, this is an egregious abuse of power. i like this policy. i would take it a step further to apply it to all politicians and other elected officials. >> that would be amazing if we could apply this to congress. i think the people, all the people need to rise up. come on, this is nuts. you don't go to washington, d.c. to get rich front running legislation you control. we don't know if getting rich is what is driving their agenda anymore. any way, it is frustrating. that is great news in my opinion. i want to stick in the area, the investing world buzzing over the sec report over gamestop had
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robinhood trading debacle. the establishment says we like this report. individual investors think it's a whitewash. yesterday i had thomas better behavior of the investor. would it deter the investor revolution. >> the more people we get into the market better we are. the more people involved in the economy as many as possible, not only as consumers but also as investors. we want them to go to invest investment dollars for the companies and for an idea they like and start other ones that they do not like. charles: all right, matt, your thoughts? >> he is definitely a market pioneer and a man i deeply look up to. i have deep respect for him. i agree with him. i don't think retail is going anywhere particular, the ape nation. it is million strong. getting bigger. because the fight of market
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transparency, market fairness resonates with so many different people with so many different reasons, going absolutely nowhere. charles: resonates around the world. speaking of which, two grand slams had me thinking about investing apes. tesla up huge bet again. remember last years the shorts lost $38 billion investing against the stock. they keep coming back for more. one on tv this morning, whining again, losing again. then there is crocs, abandoned by wall street for dead. it is up 1200% from the 2020 lows. do you think one day wall street will jump in there with a buy recommendation on amc and gamestop? >> if they care about being right i would think so. charles: i don't know, my man, i couldn't resist. you know what? this idea that the individual investors are the dumb money, no one knows where these companies are going to be two, three, five, six years, down the road. in the case of crocs, all it
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took was a two year turnaround to be the strongest stock in the market today. charles: exactly. with it, it just shows how much it is changing. value can come from anywhere. it used to be purely fundamental but right now we're seeing a huge premium being paid on the value of community and that's why i think the ape nation is alive and strong. charles: i love hearing that. matt, talk to you again real soon. >> thank you. charles: folks, former president trump's media company will be going public via spac. well that spac taking off like a rocket ship. ii have a couple market pros whether this will save all the spacs and would you be a buyer? we'll be right back. ♪. (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf.
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charles: well, it's no secret spacs have had a really awful year, but two names shaking things up. first, former president trump making a splash, going public via the spac digital world, up as much as 400% at one point. i want to bring in constellation research ray wong and michael lee from michael lee strategies. mike, let me start with you. i read the investor index for the trump spac. i gotta tell you, it looks very compelling. half the country voted for the
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man, he's got a tremendous amount of sway. the value proposition looks intriguing. are you a buyer? >> you know, not right now, charles, and i'll tell you why. although this social media platform will create user growth that's exponentially than any platform ever, what are they going to do to lock the eyeballs, right? how are they going to continue the engagement, how are they going to monetize the platform. i just think it's a very competitive says with a lot of really strong players out there that have a decade plus figuring out which algorithms and which things to show you to keep your eyeballs glued to it. charles: ray, on the other hand, wework is back out this, not as us a spishes debut, but -- us a spishes debut. but i'm really worried about it, you know, from the business practices. it was always an intriguing idea. would you be a buyer of that one. >> i wouldn't be a buyer on it, but i think they did a good job
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turning around the organization. they expect to make a profit next year. one of the interesting thing is the fact of the dynamics, people are moving out of cities, and i think wework has a role to play, lease prices are coming down, so there's an opportunity there, but it's not something i'm interested in right now. charles: let's talk about facebook for a moment. today it's sort of unchanged. the last few days i feel like there's some accumulation going on. of course, the company and the stock getting slammed, and today the consumer financial protection bureau apparently poised to examine their customer data practices, facebook and other big tech companies. also their oversight board issued a real strong reprimand for not, quote, being fully forthright or forth coming on a key program. ray, this news just keeps stacking up and stacking up. could it ultimately derail this company, or is it another thing they'll just shake off? >> you know, this is massive teflon going on here.
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they've been able to shake off everything. the cross-check issue that's going on where millions of people don't follow the rules with facebook and were allowed to get away with it, that was a big issue. and more importantly, where the oversight board's coming in, they're trying to keep facebook from getting into banking. but i'm still bullish. they're about to change their name next week. paypal going after pinterest is really going after the meta-verse economy, that's where facebook wants to be going forward, and i think you're going to see some action in that area. i think that's why investors haven't really budged. charles: real quickly, what's the name going to be? i know you know. [laughter] >> i wish i knew -- >> i don't know. charles: neither one of you. well, mike, the stock -- i will admit in certain ways if you shed all of the misgivings, it looks attractive. but many people, even if it goes up, it's not worth losing your soul. would you be a buyer? >> i'm a buyer, just very specifically for that reason.
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there's social media platforms highly addictive the, they know exactly what they're doing. it's the single greatest advertising machine ever created. i definitely think you want to buy here. they're got earnings next week, chances are heir going to beat big -- they're going to beat big. this company's not going anywhere. mark zuckerberg spent half a billion of his own money to get joe biden elected. there's no regulation coming, and if there is, facebook is going to be the one writing it. charles: 30 seconds, ray. give me your top name. zero in on something we can really sink our teeth into. >> oh, i'm really big right now on epic games, roblox, doordash and airbnb, they have a couple things they do really well, but it's really the network, the algorithm ims they're building and more importantly, the monetization models. charles: i really love roblox. i'm with you, i'd probably buy some more myself.
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ray, mike, love having this discussion with you, and you're both probably spot on. i think the name is going to be meta. that's just my hunch. i think it's a simple lockdown of an easy stock symbol. nasdaq has been up even though yields are up, the s&p is going back and forth, it wants to go up, and i've got a feel toking last hour of trade thing might be just eventful, right, liz claman? liz: by the way, roblox is up $5 right now. charles: wow, okay. liz: there you go. we are watching a nail-biter on wall street. the s&p needs just under one point to set a new all-time high, and it is there -- well, it's touch and go, but, yeah, now up 2 points here. if it can't hold its gains, that will snap a six-day winning streak. markets mixed. big blue is holding the big board back, the dow jones industrials down 94 points. 9 bitcoin investors shifting from


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