they're in between something of a rock and a hard place, but they're making all their money over here, and that has a lot of people frustrated. the dow up 405 points as i hand it over to you, liz claman. liz: it's up three full percentage points, so -- charles: by the way, last month the auto sales came in better than anticipated -- liz: right. charles: according to ed moneyeds. liz: that's why everybody needs us. [laughter] we're getting you the facts and information. all right, here's some facts here, back to table. deescalation in the trade wars signaling acceleration for the markets right now. we're about to tell you what happened, but wall street loves it. the u.s. and china confirm the trade talks are now set to resume this month. wait til you hear how it went down. trade-sensitive stocks in technology leading the charge as oil does a 180 after a third straight week of falling stockpiles. dow jones industrials up 408 points right now, the s&p muscling up 40 points and the

nasdaq better by 139. but despite the market enthusiasm, america's farmers are still really stuck in limbo over the trade war that's punishing their profit margins. former agriculture secretary tom vilsack is here in a fox business exclusive. now, he just got back from china, he's going to tell us exactly what he's hearing and seeing from beijing to des moines. high tide is the worst possible time for hurricane dorian to scrape the south carolina coast, but that's what's happening right now. our own stormchaser, jeff flock, live in charleston to show us its dangerous punch. plus, outspoken tech analyst dan eyes on apple's big bond bet and the new rumor that apple is about to do something it hates to do, follow the lead of another gadget maker. charlie breaks it on the government's plan to take on big tech. we're less than an hour to closing bell, let's start "the

claman countdown." ♪ ♪ liz: breaking news, dick bove has just called goldman sachs a, quote, company in turmoil. he just sent out this note minutes ago where in bold print he says it's a worrisome sign that the investment giant is firing 15% of its top management. it missed out, he says, on the exchange-traded fund movement and failed to adjust to better businesses like lending, so he is cutting his rating from a buy to a hold. please keep in mind that dick bove just upgraded the bank back in june saying goldman was, quote, crushing it. but less than four months earlier than that, he initiated coverage of goldman with a sell. investors are choosing, basically, to take their chances. the stock is holding up just fine for the moment, perhaps coming along for the market's rally ride right now, up nearly

3%. stocks overall are surging with the dow skyrocketing nearly 500 points at the highs of the session. we're still holding on to 422 of those points as optimism has spurred the bulls to come bursting out of the gates, and they're still running. s&p is back above its 50-day moving average which is an important metric as you look and see what certain benchmarks are that the index is either hitting or not. right now up 40 points, looking pretty good. some individual stock stories we do need to tell you about, shares of slack technologies recovering somewhat, still down about 3%. in its first quarterly report since its direct listing in june, the workplace messaging platform warned of slower revenue growth but also increased competition. have you been watching "the claman countdown"? you would have known that.

remember when we did the segment on slack versus teams? slack's still trying to get ahead of teams which has three million more daily active users. microsoft up 1.5%. we also have to tell you about opioid giant mallen crop, it's now $1.68 stock this on a bloomberg report that it had hired restructuring firms and consultants and may choose to seek bankruptcy protection. now, the drugmaker immediately downplayed that report during an investor conference saying we hire consultants all the time. stock, though, not believing it. investors or are selling it to the tune of 35% to the downside. and by the way, the news is not limited to them, it's dragging down other companies, teva's down 2.25. it is the latest stumbling block, of course, facing opioid makers in the u.s. they have faced increasing

pressure amidst dozens of multimillion dollar lawsuits accusing them of fueling the addiction crisis in the united states. well, let's get to this trade situation because all the green on the screen caused by this, there could be a thaw in the trade cold war between the u.s. and china. one late night phone call and a tentative meeting date for early october sent the markets shooting higher. now, lower level talks will begin this month. these are the sort of the planners involved here. it's a plan for china's vice premier to visit the u.s. to meet with trade representative robert lighthizer and treasury secrety steve mnuchin on a date later to be named in october. this past sunday the u.s. slapped 15% tariffs on $270 billion worth of mostly consumer items from china, but the tariffs do not stop there. october 1st, so ahead of that p

tentative meeting, the u.s. is still planning to raise tariffs onion-consumer items -- on non-consumer items from 30% -- to 30% from what was 25%. how should investors interpret these crosses-currents, both retaliatory tariffs and renewed talks in place? to our floor show traders, it still feels like this headline-driven market, so how do you plait even with conflicting messages? >> listen, what you have to think about here, you just mentioned that october 1st deadline that the president has put forth, it's also the 70th -- october 1st is also the 70th anniversary of the communist party's victory in china. now, the chinese government needs to look very strong going into that date. so what i believe they've done, they've reached out to the protesters in hong kong, they've reached out to president trump, they're going to try and have these lower level meetings to get the president to delay them, that deadline, which i think will probably send markets wild

if he does delay that. but it's really just a ploy by the chinese to get this done. i think we're still in a long battle with the chinese, i think this goes on for quite some time. but you're going to be presented with a volatile market that goes on for another six weeks or so that will be very tradeable, and you might get some very high highs going into october 1st. liz: ira, i think absolutely sarge is right, we don't see the end to the tunnel of this trade, well, let's call it the cold war at the moment. but, you know, you've got two different piece of data. yesterday we saw that the chinese services inning dex expanded at the fastest rate in three months. then today we got our services index, our answer to what they just put out yesterday, and non-manufacturing activity jumped. it beat the number. it jumped to 56.7. remember, 50 is contraction, which we're seeing in manufacturing. but i'm putting these together to say maybe these two economies are starting to absorb the problems, figure out end runs around the big issues, and maybe

they're ready to talk? >> liz, i've been a bull on this show for a long time, but you're also not mentioning what's going on in manufacturing in the u.s. which is dropping. not going up with the services. and that's not the best of signs. and, no, we're not bringing back those jobs to america, we're sending them out of china to thailand and other areas of asia. so let's understand what we're at. we're at a point where there's going to be the 13th round of trade talks coming up, we'll probably get to 15th or 16th before we really see anything material. but the fact that everybody's talking and they're meeting, that's what's positive. whether they take off the tariff on october 1st, you can't second guess this president. there's no way to do it. they'll decide what's going on in the background, does he want to keep them on or take them off at the last minute. liz: phil, we have a number that came out today, and that was the adp jobs report. of course, that's the precursor to what's happening tomorrow, which is the august jobs report by the government. this was a pretty decent number

here, a gain of 195,000 jobs. so tell me exactly what you're thinking here about what happens tomorrow. we always like to spin this forward for our viewers. >> can we say blockbuster? [laughter] how about it? i actually think we're going to get a blockbuster jobs number tomorrow. and we see it because of the strong consumer and the strong consumers are reacting to a strong jobs market, rising wages and, you know, you put it all together, i'm a little optimistic that china is starting to move from their position which was unmovable a few days ago. so i'm pretty optimistic about talks. you put it together, it's going to be a great week. liz: all right. we like this. i like this outlook here. and especially considering the dow is up 401 points, we'll take it. sarge, ira, bill, we'll seal you next time -- we'll see you next time. to hurricane dorian, by the way, just because you think there's not a direct hit to the u.s. right now, the category two's eye wall just off the shore of south carolina, so far leaving

250,000 people without power in south carolina alone. as it continues its unwanted and unwelcome trip up the east coast, maximum sustained wind speeds of 110 miles per hour. so let's get to the ground here. from the radar we go straight to jeff fck live in charleston where, jeff, tell us what's happenwi t flooding. >> reporter: what a lesson this storm is to me, liz, because this is a storm that was never predicted to make u.s. landfall, probably won't make u.s. landfall, didn't make u.s. landfall here in south carolina, and as you point out still 250,000, quarter of a million people without power. why? the wind, the rain that has caused surge and the flooding now that is not only knocking out power but, you know, it's knocking people out of their homes. and the fact is we didn't get

full hurricane conditions here. it is a lesson, i think, going forward that when we say a hurricane's coming, you don't even have to get the hurricane. it doesn't have to hit you to cause a lot of problems, and it has caused a lot of problems here. this, by the way, out here is the ashley river right there behind me. you know this town, charleston, which is surrounded by water. there's the harbor, then there's the ashley river, and, you know, this is what they call the low country. it is very low. we are at high tide, about maybe one hour past high tide and you see the marshland which is wet anyway, that's as high as we think it's going to get. that's the positive news. but if your house is one without power or has been flooded, i suspect thinking that you missed the worst of it, you're still not that happy. liz: of course. it's very painful no matter what. water is such a horrific damage. thank you very much, jeff flock.

and, by the way, we are keeping our eye on another tropical storm that's forming, it's called gabrielle, and we will be watching for that as well. with the closing bell ringing in 49 minutes, so much green on the screen, and we've got industrial giant caterpillar jumping up, second in place right there, i believe, or is it the first? got it right there behind ibm. apple is also trading higher and why? we've got it amid trade talk hopes because apple, of course, imports to the u.s. a lot of what it makes in china. but will investors still feel the love come next week's special annual fall event once known for its smartphone game-changers? top tech analyst extraordinaire, web bush's dan ize is here. and what about the rumor from mac rumor that apple is actually going to follow and not lead

when it comes to one particular device? he's going to make sense of apple's new bond offerings and his predictions coming up. don't go away. ♪ ♪ imu emu & doug ♪ hour 36 in the stakeout. as soon as the homeowners arrive, we'll inform them that liberty mutual customizes home insurance, so they'll only pay for what they need. your turn to keep watch, limu. wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin.

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♪ liz: apple is kind of acting like a home buyer in a rush to take advantage of low interest rates. even though apple is one of the most cash-rich companies in the world, it wants to raise money by selling bonds. the iphone giant saying it's issued $7 billion with of bonds at yields of up to 103 basis points higher than equivalent 30-year treasuries. apple is going to fund acquisitions, expenditures, dividend payments and stock buybacks.

this as the tech giant sits on a lovely cash pile of more than $50 billion. this is cash on hand and cash equivalence at the end of june. apple says it'll net nearly $7 billion from the bond sales ahead of its product rollout event which happens next tuesday. what's going to happen on tuesday? who better to break it all down than one of the top tech analysts in the country, dan ives. first of all, what does this say about apple's health and trajectory, if anything? >> they're in a position of strength, and it's cheap money they're borrowing. they're going to continue to invest not just in the u.s., but internationally, and ultimately from an m&a perspective, do they get aggressive on m&a, is this potentially tipping the hand there. liz: they sent out the big invitation. september 10th. and, by the way, we had an apple watcher who was here two weeks ago predicted it would be september 10th. let's talk about what apple needs to do to keep the forward

momentum going. >> yeah, right now this is really the catalyst in terms of the demand driver. you have 350 million iphones in a window of an upgrade opportunity. you look at the pro and the mac, this is really going to be key to starting to get some of that sort of demand that really wasn't captured over the last year. we think 180-185 million units. in terms of the spec, the big thing is going to be the triple lens camera technology on the pro. that's really what they're going to showcase at the event. and this is something not just here in the u.s., but obviously abroad. liz: can it make us all look a little bit thinner, like this? the. [laughter] what's the point? >> it's going to have a.i. technology that really it's going to be triple -- photos could be cropped in a way that really would make the photos a lot better but, ultimately, realtime a.i. technology that will be used also in the video -- liz: what about these air pods? a third generation of air pods? >> yeah, third general toward the end -- third generation

toward the end of this year. they're waterproof. ultimately, if you look at this waterproof to water-resistant, that's the key right now. if you look today, that continues to sell like hot cakes in terms of that piece of the product portfolio. and i think that air pods 3, you could potentially see them maybe highlighting that as well as the services business which is really going to be the key in terms of the streaming. liz: dan, apple likes to lead, it hates to follow. there is a rumor, a mac rumor, and it looks like it could be legit because everybody loves this bluetooth, this little device called tile. apple, and this is the rumor, may be possibly creating -- and i think they had a mock-up of it, i think we showed that, of its version of tile which would be attached to things like your keys or anything else. there it is on the screen. you know, tile's a square, but what do you think? you know, that's a small, probably low margin little thing, but it would keep track

of your iphone, your wallet, your mac, etc. >> well, right now if you look at ap apple, they're trying to get further and further into that ecosystem. you've got 1.4 billion active devices. they're going to continue to innovate. i think you're seeing more and more product innovation from apple over the coming years, and i think that's something you'll see next week not just in terms of the iphone, but some of of the alternatives they have. liz: you have an outperform and a price target of $245. apple, while down year-over-year about 7.5% while the s&p is up 1%, is really outperforming year to date, up 34% while the s&p is up about 18%. so, you know, give me your gut reaction. what does tim cook have to do when he gets out on that stage? >> investors need to feel confident that this product is going to be enough to put a fence around that that cost run base, and you're going to see, ultimately, an iphone upgrade that would be up year to year

over this past year. if that's the truth and that ultimately comes to fruition -- and from everything we're seeing in terms of data builds and supply chain -- then it's a stock that moves higher. liz: thank you. dan ives, who likes apple's stock right now and, hopefully, for much longer, correct? >> yeah, thank you. liz: apple's having a great -- green day, but one of the major jewelry players outshining, with the closing bell ringing in 39 minutes, signet shares on better than expected same-store sales which helped beat on both the top and bottom lines. one of the brightest gems in the market today, it's jumping 25%. coming up from state ag to capitol hill, antitrust pressure against big tech boiling over, but will these titans of industry from google to amazon,

to facebook really be forced to change their ways? charlie gasparino peeling back the cover on the department of justice's playbook of new, exclusive information on state attorneys general, a a.g.s. charlie breaks it next. ♪ ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you.

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♪ ♪ liz: facebook shares feeling the love. yeah, the social network on the rise after announcing its new dating service, 'cuz we need more of those, set to take on the biggest brands in the online industry including match.com, tinder -- swipe -- as well as other rivals like e-harmony. facebook is capturing the hearts of investors intraday partly driven by this, it's up about 1.75%, but match group is feeling the sting of rejection when you have facebook saying we think we want to get into your

business, down about four and two-thirds percent. the social media giant expanding into yet another industry, but could regulators soon act on calls -- and you've heard this, right? -- to break up facebook and also fellow tech titanses? charlie's here now with exclusive details. >> does ashley madison fit into this thing? are they still around? liz: they're still around. wait, how does brad know? [laughter] >> brad? is ashley madison -- facebook taken on ashley madison? liz: no, tinder. >> tinder. wh's the diffence between that and ashley madison? liz: ashley madison is, i think, cheating -- >> how would i know about that? liz: and then tinder is just, hey, one-nighters? i wouldn't know. [laughter] i don't know. neither do you. >> stormy daniels? [laughter] donald trump would be like,

stormy daniels? [laughter] i'm sorry, i can't help myself. so, you know, this is a serious story, as much as i'm trying not to make it. finish the justice department, we understand people close to the justice department is looking at a new approach. in enforcing antitrust against tech company. now, here's what they're looking at, and this is where it could get really nasty for google, for facebook, for any of these tech companies that hoard data, like ashley madison that hoard my data. they basically, the doj wants to look at data as a commodity. if that, if data itself is being examined by the doj as a commodity, as something that is to be traded and sort of examined in an antitrust concept, standpoint, they could make the big tech companies give up the data, the consumer data. so facebook might have to divest consumer data they pick up on their users.

apple might have to divest that, amazon. google and facebook are clearly in the crosshairs on this. i don't want to underplay this, this is a pretty big story if they go this route. what makes google and particularly facebook so profitable is the hoarding of consumer data. like, they know -- when i did a story on jeffrey epstein and those slippers, remember the screw you slippers? liz: how could i forget? >> i looked it up online. on my facebook page, i was bombarded with pictures of screw you slippers. so they hoard this data, and the justice department thinks possibly facebook, google in particular, the hoarding of that data, the use allows them to be a monopoly. liz: they're not sharing, because you searched for that finish. >> now they're going to, they may, in this crackdown, make them give it up. they are saying the hoarding and use of data allows them to maintain their monopoly position. if you are looking at buying

these stocks, you know, this regulatory approach is pretty tough if you're an investor in any of these companies. because if google, if facebook has to give up lots of their consumer data that hay hold on liz claman -- that they hold on liz claman knowing that she likes, i don't know, french food, right? liz: i like diamonds better. >> you like diamonds, if they make charlie gasparino give up all his information on weight lifting and ashley madison, right -- [laughter] if they do that, just so you know, if they do that, then those stocks are worthless. and i'm telling you this is something that the u.s. department of justice is examining in this pursuit of big tech -- liz: fannie and freddie. >> real quick, fannie and freddie, this long-awaited reform plan, this feels like -- liz: for government-sponsored entities. >> yeah, the mortgage giants, supposed to move them towards privatization, this story's kind of like the t-mobile,

cbs/viacom, tomorrow, tomorrow, tomorrow, yeah, we hear this is any day now, imminently. a lot of people thought it could bed today. i was told they're trying to do it in the week, it may bleed into next week. it's in flux between the different bureaucracies in this, hud, treasury, fhfa is involved in this. so this could come after the bell today, it could come tomorrow, it could come early next week. i'm just telling you this are reform plan is on the way, but in the other story is huge, i'm telling you. if they go this approach considering data a commodity, dude, all bets are off on these stocks. liz: charlie, thank you very much. fannie and fred key move -- freddie moving higher right now. dow is still up 419, the nasdaq up 146. coming up, dairy farmers not up, they are down, grappling with the trump trade war, walking the tight rope of government aid and pressures on one of their biggest partners. we go straight to the heartland to speak exclusively with former

agriculture secretary tom vilsack who just got back from a trip to china. he's going to tell us what he's seeing there but also what he's hearing from farmers he knows here. and this week's edition of everyone talks to liz, my podcast, this woman on your screen, she is a fox news contributor. her name is donna brazile, right? yeah, she's a democrat. she worked with al gore and jimmy carter, and she's run the dnc. but guess what? she loves working at fox. you've got to hear why. i spoke with her about that and her climb, fighting tooth and nail all the way up from the bayou in louisiana, her dad was a janitor, her mom was a housekeeper. she made it all the way to top of politics. it's a great and amazing story. check it out, apple, google podcast, fox news podcast.com. it's free, everybody. we like free, right? "claman countdown" is coming right back. truecar is great for finding new cars.

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california is still holding and abiding by the obama era standards that were rolled back by president trump who would like to roll them back even further. now, a lot of car companies actually are siding with california. ford, honda, bmw and volkswagen have all said we are on california's side, we're going to aim for fewer emissions. but some car companies are still not in, toyota and general motors say they don't side with california. in fact, gm's ceo mary barra just wrapped up a meeting with the president before 3 p.m. eastern. that's her leaving. she said she had a productive and valuable meeting with the president as she departed the white house. but let's get to the floor of the new york stock exchange where we find gerri willis with more on all the news that's making headlines and powering this big rally, gerri. >> well, there is a big rally going on, and as i've been reporting all day, the stocks that are leading the way not necessarily the ones you would think of, right? ibm doing very well and a lot of

old-fashioned technology the stocks. you're also seeing on a story you just reported, auto companies doing very well. ford up 2%, general motors up 3, bmw up almost 2%. this is because it has been a confusing world for the i automakers in which they basically had to pay attention to emissions standards in all 50 states. of course, california leading the way because they have 12 of the entire auto market. but that's going to change because the epa and the national highway traffic safety administration are saying, no, no, no, we want one national program for emission standards. and you've got to think that this is probably part of the conversation or maybe all of the conversation with mary barra today of gm behind closed doors with the president, but we are seeing those stocks move higher because it would remove a lot of the uncertainty for the automakers, right? because they never knew exactly what to do because of all of these different rules. of liz? liz: and, gerri, no uncertainty

with what you're going to be doing this sunday, right? let's talk quickly about that. >> that's right. so super quick, i know we don't have a lot of time here. the susan g. komen race for the cure is sunday in central park. you're seeing pictures right here of the race team from last year, it's going to be even bigger this year. i believe we have about 70 participants. as you know, i'm a stage iii cancer survivor and just love helping these folks get together to run, walk for breast cancer. last year we had rain, we've got probably a beautiful day out there this year, and we're looking at more people raising more money. back to you, liz. liz: gerri, i had a great time last year -- >> you were there! you were there, you were wonderful. [laughter] liz: you are wonderful, my dear. thanks very much. join team gerri to fight breast cancer at the susan g. komen race for the cure, central park, 7 a.m. eastern on sunday. and, by the way, if you want to

join gerri or just make a a donation, go to race.com/komennyc.org. ♪ ♪

♪ ♪ liz: you know what? i want to call an audible. can we show a two-day of the s&p? yep, there it is. thank you, team. look at the two-day of the s&p, and you can see how jubilant investors are over the prospect of new rounds of trade talks which, of course, were revealed earlier today. with the s&p up 41, the export volume of u.s. dairy products to china has done the opposite, has plunged 43% since the series of retaliatory tariffs began last year. now, the country's top dairy representative is a man named tom vilsack. you may know him, he was agriculture secretary, and he just returned from china and also to japan to push the message that u.s. dairy wants to

keep selling as much as it can to china, tariffs be darned. we thought, let's get him in here in a fox business exclusive. we got him. council ceo and former agriculture secretary tom vilsack. tom, you just came back from japan. give us the feel of how people in the farming industry and the food importers feel in china about what's happening, and then we'll get to our farmers. >> well, i think the reality is that folks in china are dug in on these negotiations and conversations with the united states, and what we tried to do was to convey to them the relationship between our two dairy industries, the u.s. and china industry, is an important one to maintain. so we offered some help in terms of their pork industry that's been decimated by african swine fever, and i think that changed the dynamic of our conversations. the hope is we can continue to do business with them and when and if our governments can get the trade situation straightened out, we hope to resume business

with them. liz: did they do the blame game? >> not really. when i basically opened with an offer of help, i think it took them by surprise. they thought i would probably talk about the tariffs. i decided not to do that. i wanted to make sure that the message about the importance of the relationship was conveyed. we talked a little bit about climate change and the important role that agriculture can play in that as well. so it was a helpful conversation, keeping the door open, if you will. liz: but it wasn't just you and china there. you have competitors in the world of dairy, everybody from the european unii don't know, certain -- union, certainly, to new zealand. i'm sure they smelled milk in the water. they figure that they can actually capitalize just as argentina and brazil have done to the soy farmers. our soy farmers aren't getting their products bought by the chinese, and who steps in? arthel: general teen that and -- argentina and brazil. how to you get that message, hey, we're still here, and you

can import dairy to your country? >> well, you're absolutely right. i actually had e.u. officials thank me for the circumstances because they are doing more business in china. liz: okay, that's not a good thing for our farmers at all. >> no, it's not. so i wanted to convey e a message to the chinese that we have whey proteins that can be used to rebuild their hog industry more quickly. i wanted them to know that we were in a particularly unique position to provide help and assistance. they were open to that. we're going to follow in the up with letters to the ministry of agriculture and the ministry of finance rain commerce in the hopes that they take us up on the offer and look for opportunities potentially to work through and around the retaliatory tariffs that exist today. liz: what are you hearing from our dairy farmers now, and specifically waiting on the usmca or nafta part two to be pushed through by congress? >> well, they can't wait for the ratification of that agreement was it's going to -- because it's going to open up opportunities in canada, it's

going to preserve our market in mexico. they're very hopeful that there is a resolution of the negotiations with japan. that's one of our top five markets. they are deeply concerned about china. they'll remain concerned about china until there is an indication that there may ben opportunity for an agreement. that's not going to be easy. liz: i don't want to ignore that stat we just had on the screen, nearly 3,000 dairy farmers have closed up shop and quit the business? >> there are a multitude of reasons but, obviously, the tariffs is one reason. liz: wow. >> we need to continue to focus on domestic consumptioning as well, and we need to take a look at how we essentially price our milk products to be able to make sure that farmers get a decent return. liz: drink your milk, everybody. all right, thank you, tom. good to see you. thank you very much for that perspective. >> you bet. liz: tom vilsack. a crude punch to the gut. look, we still have a really strong rally going on. and oil was helping to add some major energy to stocks for a

second straight day. that was until a dramatic, last minute downward spiral. up next we'll tell you what happened, we'll head back to the show of the new york stock exchange and the cme on the moves you need to be making right now maybe to help you strike pay dirt on black gold's wild ride. the dow is up an even 400. introducing the first of its kind lexus ux and ux f sport. also available in hybrid all wheel drive. lease the 2019 ux 200 for $329 a month for 36 months. experience amazing at your lexus dealer. on a scale of one to five? one to five? it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry clive! actually, really angry. thank you. but what if your business could understand what your customers are feeling...

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♪ ♪ liz: a dramatic turn-around in the oil market just minutes before crude oil was about to settle. now, having jumped as high as $57.76 per barrel in early trade, right before the end of its trading session -- which ends at 2:30 p.m. eastern -- oil only saw a paltry four cent

gain. what happened? well, the early rally had been sparked by the energy administration's report that -- energy information administration's report that u.s. crude inventories declined for a third straight week by 4.8 million barrels. supplies now at their lowest levels since last october. lesser supply, price goes up. but then minutes before the close, the sharp reversal, crude dipped into negative territory on reports that the saudi crown prince spoke to the iraqi prime minister about the importance of bilateral cooperation in order to stabilize the oil markets. now, while oil is up about 24% so far this year, it's still down some 26% from its 52-week high. now, what kind of moves can we expect from black gold and the stocks related to it through the remainder of the year? to phil flynn, our oil guy. you know, we love all of your

perspectives, but give us the foundation first, and then we'll get the scaffolding and the big cherry on top. >> you know, listen, if you believe in the global economy right now, which i do, if you believe in the u.s. economy, oil prices are more than likely going higher. you know, it's interesting the way we saw that market sell off on that headline, you know? iraq had has been a chronic overproducer when it comes to opec cartel, they're the only cheaters left in the cartel, and this pressure between saudi arabia and iraq is huge because next thursday a very important joint ministerial mting that they're going to have where the market's expecting them to shock and awe the market. that's going to be difficult to do if iraq continues to cheat on production, so that's very interesting. you know, another thing we saw was a report that opec production actually increased a little bit month over month. not a lot, but it is raising concerns that the unity in the cartel is shaky a little bit. liz: well, chris, we're looking

at the refiners right now, they're all moving higher. what's the trade? are you seeing any flows into any particular subsectors? >> well, i think it was also the big move we had overnight in the overall market, right? everybody wanted to get long on the news about china and the possibility that in a month we're going to have another meeting. there's 20 days between now and that meeting, so that's plenty of time for us to have some not-so-friendly tweets. the other thing is tomorrow's a big day, unemployment. you've had this big move, you've had people that have been, if you've been long crude, you've made some money. and you see people taking some money off the table here heading into tomorrow's report. that report tomorrow is 7:30 our time, 8:30 your time, it's going to be a big one. liz: yeah, it sure will. weave got it right here -- we've got it right here on fox business. sarge, any names? >> sure. this is my home gamer's guide to trading oil. now, most of you folks at home, i know you don't have futures

trading accounts, so you're going to go into the equity space, look at the british petroleums, the exxons, the chevrons. they all pay about 6% dividend deals right now, i'm talking 20, 30, $40, $50 billion yearly cash flow as opposed to netflix that actually has a negative operating cash flow. they're fundamentally sound, they're beaten up. their pe ratios are really low right now. these stocks pay you back. you buy $37 bp, in two years it's a $32 basis because they paid you $5 over that time. these are not names to avoid. liz: sarge, phil, chris, always great to have you. thank you so much, we appreciate it. we are coming right back with our "claman countdown" closer. don't go away. ♪

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liz: we cannot ignore the dow jones transports. they are driving away with the biggest gains in the final

minutes of trade. nice move of 2 1/2% for the trannies. look at dow jones, up 1 1/2% even with 374-point gain. we have trade headlines that could change under your feet and we have a strong economy. cio american bryn mawr trust, ernie cecelia. what are you looking for investors in your world? >> liz, you mentioned volatility. that is certainly the case we've been speaking about volatility for some time. where we are in the business cycle. it is exacerbated by trade issues. underlying strong economy. "beige book" release yesterday. good adp employment numbers this morning. as former, the guest who was on the segment before, tomorrow's numbers are big.

we've been focusing more on domestic companies. particularly those that drive a greater percentage of their revenues here in u.s. also where there is dividend support. big percentage of the gain last year in the market, 2/3 in the last 12 months has been from dividends. not just current yield but dividend growth. liz: pepsico, verizon, universal forest products. the consumer is almost like atlas with a huge weight on its shoulders with the u.s. economy. consumers, makes sense what you're saying they will buy products from domestic companies that don't have a huge amount of exposure. what are you expecting from the market as we head into the final quarter of the year? >> final quarter of the year we're looking for single-digit growth. a lot as i mentioned will come from the dividend. we think being defensive makes a lot of sense particularly into the latter stages of the year.

[closing bell rings] stocks still represent a very attractive alternative. both from the capital appreciation and also from the current yield and dividend growth perspectives. liz: thank you, ernie. thank you. th will do it for the "claman countdown." connell: you guessed it, when we're in the green we saw renewed trade optimism. we had positive data on the economy which we'll talk about as well. the dow settles in up 372 points to the upside a really good day for stocks. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." the s&p 500 and the nasdaq continuing their rallies from yesterday, pushing us toward record levels we saw back in july. we're keeping track of dorian as it moves north. the category 2 hurricane battering the