you can get rid of a teller or two. never. that this your clients, you will get more clients. charles: donald wetzel, congratulations. you changed everyone's lives mostly for the better. thank you very much. liz claman, i got a legend here and the market is up 85 points. liz: i remember when i used to go to the atm and take out a single 20 dollar bill when i was in columbus, ohio. for a whole week. charles: impacted everyone's life. liz: did i just sound like my father? i walked to school ten miles uphill both ways. thank you so much. good to see you, charles. can the bulls pull it off? yes, in this final hour of trade, markets are trying to pick up a win for the week, fighting through what some see as a disappointing jobs report and revelations that not one, but two of tech's biggest names now have bull's eyes on their backs. those would be google and facebook. now at this hour, the targets of

dozens of state ags from both red and blue states, as the legal arrows fly, we are about to tell you what the social network and search engine kings are accused of doing and what weapons they are using to fight back at this hour. fed chairman jerome powell finally addressing the verbal fire bombs constantly lobbed his way by president trump, including a pretty vicious one this morning. what's the fed chairman saying about that, and the hints he gave about where rates go next. by the way, this is his last speech before the entire fed voting committee goes silent ahead of the next fed meeting, now less than two weeks away. the great rate debate, plus multiple global crises creating, listen, you could call it a web of uncertainty for stocks here and abroad. what we have done for you here is wrangled one of the market's biggest players to hand you the key to surviving the headwinds that are leaving even the biggest bulls a little winded. nuveene's bob doll is here.

we are not talking fantasy football picks. the criteria bob is now using to make the perfect picks for what he says is an all-star portfolio chock full of profits. by the way, what does he think of this growing cry that passive index fund investing is a big bubble that could soon pop? major indices set to end the week in the green. the dow, s&p and nasdaq all moving on to intraday gains, slightly off the highs of the session. with the dow up 83, we could get there. plus, beyond meat losing a bit of sizzle. the new firestorm, and the shocking reason behind an american airlines pilot allegedly sabotaging a flight with 150 people on it. less than an hour to the closing bell on this friday. let's start "the claman countdown." liz: we are just getting breaking news from american airlines. it has just released an update after authorities arrested one

of the airline mechanics on thursday with charges of sabotage. the long-time employee is apparently accused of disabling the navigation system earlier this summer on a flight out of miami national airport that had 150 people on board. here's what american is just now saying. it was quote, an extremely serious incident and involved only one individual who was discovered before the aircraft took off. perhaps that's why the stock is not selling off right now, it's up about a third of a percent to $27.78. but reports are that the culprit is a 60-year-old mechanic who apparently was frustrated with stalled-out union contract negotiations. we are watching that story very carefully. but appears, according to the airline, to be a one-off that was caught before any damage was truly done. let's take a look at stocks in the broader picture at the moment. we do have the s&p up five, the nasdaq up three, off the highs but still definitely off the

lows of the session. we have seen negative signs here for all three major indices but right now, it's all good, at least for the bulls. although the markets kicked off the month, which by the way, september already known to be the worst returns with sell-offs and we got a sell-off at the start of this week. stocks are actually on pace to finish the week on a high note, close to wiping out all of august's losses. already, september is full of surprises. not the least of which is that even with the amazon effect and tariffs on chinese-made apparel fully in attack mode still, look at retail. it's catching some air here as multiple baskets of stocks in retail focused etfs move mostly higher at this hour. let's pull out a single story as it pertains to retail. lululemon. investors are saying namaste to the hip yoga apparel brand as the stock races toward a record close, up a full seven percentage points right now. lulu beat expectations with its fiscal second quarter profit,

revenue and same store sales. good trifecta there. wall street ran up its price targets on lulu as the company raised its full year earnings per share forecast, but by the way, even before today's runup, look at this five-year chart. looks very healthy. even just year to date, the stock is up 66%. we do have a cautionary tale right now from two ipo darlings or high flyers. even if it reports solid results and give forward guidance that's better than expected, wall street may still find fault. in its first quarterly report since growing public, crowdstrike, the super-hot security company, is getting hammered down 11.25%. it did post a loss, that was expected, but it also guided forward news higher, meaning we are going to do better than what wall street thought. while the stock has risen 155% since it went public in june, it is losing a bit of steam at the moment, down nine bucks to $77.06.

again, i said two of these names. to a slightly lesser extent, xoom featuring a similar stumble. its year over year sales growth slowed in the second quarter, again, that was supposedly expected from the previous quarter but prior to today, the stock has been such a winner, up 157% since its public listing in april. so as it falls 5.75%, maybe it's just a little profit taking here. all right. with all the talk swirling around the dreaded "r" word, recession, and whether the u.s. is headed for one, fed chair jerome powell firmly put that talk to rest, at least from where he stands. just an hour and a half ago when he spoke during a forum in switzerland. by the way, this will be the last time we hear from him. they all go silent ahead of the next federal reserve meeting, it's a two-day meeting in september 17th. >> -- as i mentioned, incoming data for the united states suggests that the most likely outcome -- outlook for the

united states economy is still moderate growth, a strong labor market and inflation continuing to move back up. liz: powell also going on to say the fed would not bend to political pressure, guys. that comes from the oval office. let's get to our traders on this friday. from the new york stock exchange and cme group along with andy brenner. guys, what do you think this all means for the rates picture but more importantly, it's a friday. let's spin it forward. teddy, you first. >> well, first, i have a question for you. would your father wear shoes when he walked uphill both ways? >> shoes that his brothers had handed down to him that we made out of tires. yes. hey, it was the depression. >> i think we had the same father. liz: yeah, we did. >> anyway, liz, i think what powell said today was right on the money.

you know, we get all this negative rhetoric about the economy, not sure if it's politically driven or numbers-driven but clearly there's a lot of it, and the fact is the u.s. economy continues to do just fine, sort of bumps along with a very positive bias and the stock market quite frankly reflects that. we're within five or six points, 500 or 600 points of the all-time highs. with all the negative news and all that negative background stuff, look where we are with the market. what they'll do with interest rates, i guess perhaps they cut them 25 basis points, i'm not sure it's warranted, but i think anything more than that is overkill, and i don't think that's in the cards. liz: i don't know if andy brenner had the same dad as teddy and i had, complaining about how tough life was when they were our age. andy, give me a sense of what you see here that came out of fed chair powell's comments. did anything jump out that told you that means a change?

>> liz, what powell clearly said is the 50 basis points idea of easing in two weeks is dead, dead on arrival, not going to happen. no question that he still moves 25 but the cme is starting to build in a case that there's no rate reduction at all. now, that will not be the case, that they will still ease 25 because there's not enough time for the fed to reduce market expectations. but it's only going to be 25 and even with that, he's still going to get probably two or even three dissents. you have rosengren and george that dissented last time and now you have bullard who wants 50. you could get three dissents from both sides. they will never get a consensus but he won't ease more than 25, whether it's warranted or not, we tend to agree that the economy's doing fine and yes, the global economy's terrible and we are very concerned about what the ecb does next thursday.

that could be a disaster for europe. liz: wait, wait, wait. what could they do, andy? >> well, right now, there's an expectation, draghi has even said qe, they will lower rates and yes, they will lower rates but negative rates haven't worked. lowering more is not going to work. will qe happen? i don't know. i listen to the head of france, the head of germany, from the financial side, austria as well as the dutch, none of themant qe. so with two more meetings left, i think he's going to have a real hard battle to get qe. if he doesn't get it, it's going to be a disaster for him and they will do horribly towards the end of the week. liz: phil flynn, let me give you a quote from chairman powell. he said he doesn't see, as we know, recession as the most likely outcome but he also said that downshift in the path of interest rates which is what they started to do in july,

first time they had cut rates in ten years, that translates to we are going to cut rates but do you agree with andy that 50 basis point cut is no go this time around? >> it's no go now, it was no go then, it was no go three weeks ago. we never saw 50 basis point cut. the market definitely doesn't justify it. and to be honest with andy, i think he's absolutely right, i think the ecb behind the curve right now, but what does mario draghi have to lose? he's on his way out. he might want to go out saying i did whatever it took, we will leave it to christine lagarde to clean up the mess. listen, there's no sign of a recession. jobs number slightly disappointing but the trend is definitely low, the labor participation rate, great. we've got a very strong economy. and the fed's in a happy place. you heard him today. that's what i got out of it. we're in a happy place. they're a little worried about the lack of inflation, they keep saying it's coming around the corner. it better come soon, or the fed

may have to be more aggressive. but other than that, i think we're on a clear path of cutting rates and a steady strong stock market into the end of the year. it's a great time. liz: gentlemen, great to see you. really appreciate it on this friday. teddy, phil, andy brenner. we've got an attack of the attorneys general. dozens of them in dozens of states are preparing to formally launch antitrust investigations into google and facebook as early as next week. new york announcing today that it is leading a multi-state investigation of mark zuckerberg's social platform for possible violations over control of personal data. while the investigation into google over its digital advertising is expected to be announced at a news conference outside the u.s. supreme court this monday, we're looking at shares right now of both of these behemoths, they are both down. alphabet google, you could call that flat, but facebook is down 1.66%. let's get to hillary vaughn. hillary, on "the claman countdown" we spin it forward on

fridays to next week. it sounds like it's all going to come down. reporter: yeah, liz, it's possible that this probe could include other tech firms because texas attorney general ken paxton announcing they are going to launch an investigation into big tech firms so that not only would include facebook and google but really any company that fits into that category. this on the heels, of course, after today, we heard from the new york attorney general announcing her own investigation with a bipartisan team of attorneys general from states including florida, iowa, nebraska, north carolina, looking into whether facebook endangers consumer data, reduce quality of consumer choice and also increase the price of advertising. google and facebook responding to the separate investigations, google saying this in a statement. quote, we continue to work constructively with regulators including attorneys general in answering questions about our business and the dynamic technology sector. facebook saying this. people have multiple choices for every one of the services we provide, we understand that if we stop innovating, people can

easily leave our platform. this underscores the competition we face not only in the u.s. but around the globe. but even when these investigations percolating around the country, not every analyst is concerned yet. i talked to managing director at equity research at wedbush securities. he tells me this. the street has really gotten used to the beltway versus big tech theme and is really factoring in more fines or slight business model tweaks rather than something broader structurally like a breakup or a significant disruption to the business model. some antitrust experts, though, are bashing these probes saying that the attorneys general investigation go beyond modern antitrust concerns. the cato institute saying state level antitrust probes into facebook and google show sloppy thinking and conflation of diverse issues. given the interest of users and buyers of advertising space from google and facebook often con

fliblt conflict, it's unclear how the tradeoffs will work for users. liz: when we come back, the trillion dollar man. bob doll of nuveen on teaching you how to be selective when picking stocks. ♪ limu 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. ♪

liz: so going into the weekend, what do we have? we have an uncertain trajectory in the u.s./china trade war, a high stakes vote that could upend the entire united kingdom and delay the brexit process even further, and global debt fears creating strong headwinds that even some of the biggest bulls are having a little trouble steering their ships through. but one of the most seasoned money men in the global world of

finance, bob doll, chief equity strategist at nuveen, has a secret weapon he's using now to fight through these storms. you're with us now on a how to be selective survival guide. does this mean, before we get your survival guide tips here, because you are going to turn into a professor for us, does this mean that you're no longer buying the broader market, you no longer think after a strategy that's worked 11 years, that that's the way to go? >> ten-year return on the s&p 500 is 16% per annum. you buy and hold it. it worked so well. my guess is we are more going to bounce around and go a lot of nowhere. therefore, you can't just own the market, you got to selectively own things that have a better chance of working. liz: teach our investor viewers how you do it. >> so we have five criteria in our portfolio. number one, own companies that benefit from the economic cycle. we believe it's not over. means we're not crazy about defensive stocks. two, we own companies that are

generating positive free cash flow, preferably accelerating and preferably reinvested in the business for growth. number three, respect for the health of the u.s. consumer. amazing strength of the u.s. consumer, as you know. liz: we are seeing that right now in the retail numbers. >> it's crazy, isn't it? number four, we recognize growth is slowing so give me something special. can you raise prices, do you have a new product, new distribution channel? and our fifth selective criteria is companies are getting most of their business in the united states, because we are growing faster than most of the rest of the world. liz: all right. those are the general retailers but there is one on this list you like. that is? >> target. liz: okay. why that one? >> target -- amazon sent the retail industry a wake-up call a couple years ago. some responded, some didn't. target did. they massively changed the way they do business in a way that's causing their business to grow like it hasn't before. they don't have all their problems solved but the stock is pretty cheap. liz: what are some of the other names you feel fit your parameters? >> some of the credit card

companies, discover, capital one, citigroup, we want to own a big bank in the mix. we still like parts of technology, apple, microsoft, some of the big names. we also want to own intuit, mastercard. i will give you a couple defensive names. telepho telephone. liz: i'm pretty sure you didn't pick cover financial services. you picked citi. you have apple and microsoft on there. those are economically sensitive but not defensive and they have big exposure here to the u.s. what about apple's exposure to china? >> well, this is an obscure list but if you take these ten and look at those five dynamics, you score much better than the market as a whole. you can't ignore non-u.s. but you want to minimize the weighting coming from overseas given how slow things are. liz: it's currently a very hot clarion call right now to say that passive investing or index funds, you just buy the s&p, isn't a trade that's over. it's overcrowded.

it's problematic, especially if the market suddenly changes and everyone heads for the exits. which side of that argument are you on? >> well, i think depending on the investor, you can own both, but let's face the facts. the rear view mirror, 16% return. buy the index. it really didn't matter a whole lot. yeah, you could do better if you picked the right stocks. if we're going to a more choppy side, i call myself boringly neutral at the moment, then i want to have selection criteria that give me a better chance of winning and that takes me to some active investing. liz: which you just taught people how to do. we will put your guideposts here right on our facebook.com/lizclaman page. nothing fails like success and boy, these index funds have been successful. >> very successful. liz: all right. trees don't grow to the sky. good to see you. bob doll. from major bumps in the market to one ipo darling taking a bit of a hit in this final hour of trade. with the closing bell ringing in

38 minutes, beyond meat shares sporting a few bruises after a truly rare occurrence. d.a. davidson burning the faux s meat maker. the brokerage starting the shares as underperform as vegan meat purchases lag behind specifically alternative milks like oat and almond. beyond meat down to $154.35. up next, the depths of dorian's wrath still being uncovered at this hour in the bahamas. we are talking to one of the top business voice free-throw shot the island paradise on how long it will be before it's business as usual once again amid the tourist haven's busiest season. we'll be right back. ♪ 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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is still a hurricane. it is lashing the carolinas with 90 plus mile an hour wind and rain, but it is now at a weaker category 1. it's the bahamas that have truly ended up being the epicenter of destruction. authorities warning the final casualty count from hurricane dorian could be quote, unimaginable. now, the death toll stands at 30 with hundreds, possibly thousands of people still missing. search and rescue operations are ongoing. local media also calling damage to the norwegian oil company storage terminal in the bahamas an environmental disaster in the making. that stock is at the moment down, yes, it is down abo about .66%. it is publicly traded. ticker symbol eqnr. total damage to the bahamas in insured and uninsured losses estimated at $7 billion. let us bring in on the phone somebody who is going to have a

lot to do with trying to restore the bahamas, jeffrey beckles, ceo of bahamas chamber of commerce. first, our sincere thoughts and concerns and worries for you. we're just looking not only at the emotional toll and the death toll which is obviously climbing, but at the business toll. that's your purview. can you give us an early estimate of what you see? >> well, thank you so much, liz. obviously the storm has had a tremendous impact on us and as you mentioned, emotional and psychological impact. but as we look at the economic impact of hurricane dorian, it's literally going to be easily approaching $10 billion. we anticipate that in the coming days as we look at grand bahama because we are just now getting on the ground in grand bahama, that toll could easily be at $10 billion.

liz: okay. the ritz-carlton has a bahamas location, called the abaco club on winding bay. i'm interested to know from the hotelier perspective, what does it look like from some of the higher end operations that are parts of publicly traded companies? >> well, you know, the truth is, because we are sitting in this hurricane belt, the risk is always there. one of the things we have had the ability to do is return from these tragic events and become more resilient. we didn't anticipate a category 5 hurricane like dorian was and obviously, there was very little that could compete with that, but we are very confident that we will rebuild. it has happened before. obviously it's going to cost us a little bit more because marsh harbor on the northern part of abaco is completely decimated. we feel confident we can rebuild from this. liz: hilton hyatt and walt

disney have some exposure in the area as well. go ahead, sir. >> our focus is really getting small and median commerce started again. once we restore the lives of people who are really key to our commerce, you will see more. yes, you began to mention disney and others. disney has been a huge partner in the economic landscape of the bahamas and the cruise lines, the private islands, their operations here. yes, they have been part of the restoration exercise already. by and large, their product, while it may have suffered some damage, we feel very confident as well that that facility will be back up and running in a short time. liz: we are looking at such stunning video. of course, the united states got flooding as well but did not get the damage that would have torn down all of those structures. what are you hearing from the smaller businesses which perhaps were not part of bigger, more

solid buildings? >> right now, if i may use a term disastrous. we have been -- in abaco we have been completely smashed. the business community there has gone to zero. whether it's a small business, a big business, it's gone to zero and right now, there is not even a talk of getting a small business up and running in the next couple of weeks because there is literally nothing left. nothing left for us to work with. we are going to have to bulldoze and start from scratch and we feel that that's where we have to go right now. there's really nothing left. there's not even anything to hang a shingle on, if i may put it that way. liz: i hope that some of our viewers are ready to help out in some way, shape or form, especially when you all get back on your feet. we will come visit. we are going to support you. >> thank you so much. liz: you're welcome. >> we appreciate that. just one last comment. the bahamas is still open for business. other islands, nassau, long

island, crooked island, all open for business. we hope you will continue to come. liz: good luck to you. thank you. >> thank you so much. liz: coming back from the dead, the closing bell ringing in 28 minutes. up next, with the dow up 105, 24 hours after its worst intraday drop ever, one of the market's most controversial names is making a resurgence in this final hour of trade. the latest opioid settlement helping to revive the drug maker's shares in a major way. we will show you what that is. don't forget to download and listen to my podcast, everyone talks to liz. it's available at fox news podcasts.com, apple and google platforms as well. "the claman countdown" is coming right back. don't go away. our money should always be working harder. that's why, your cash automatically goes into a money market fund when you open a new account. just another reminder of the value

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kristina: i'm kristina partsinevelos from the floor of the new york stock exchange with your fox business brief. food giant kellogg getting a bump thanks to an upgrade from goldman sachs. goldman upping kellogg's rating from buy to neutral, believing organic sales will accelerate and profit margins will improve. goldman's cveri is $72, representing a 15% upside potential for kellogg shares which are currently trading about 2.2% higher. bitcoin futures making a u-turn and crashing in the late afternoon trade, after bitcoin

futures rose more than $300, a move aggressive toward that $11,000 mark. the cryptocurrency suddenly plummeted, below $10,500. jerome powell making very bearish comments, saying it's not something the fed is actively considering right now. bitcoin, you are seeing at $10,440, down $185. specialty pharmaceutical and generic drug maker mallenkrodt trading was briefly halted while they finalized a statement to resolve the quote, track one opioid cases. two ohio counties, a settlement including a $24 million tax payout and donation of $6 million in generic products. while shares are still down 27% for the week, they are trading

at $1.86 a share. let's talk about the doj, revving its engines and stepping on the gas on an antitrust probe into four major auto makers. they believe they violated competition laws by agreeing to emissions standards. will the doj win the race or is the new agreement headed for a crash? you know we love puns on "the claman countdown." that's next. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected.

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that of course is moving just flat to slightly lower. and volkswagen, what do these all have in common? well, they banded together with the state of california, remember they are sticking with california, and its desire to lower emissions. but the standoff between the administration which wants to roll back those emissions requirements and the auto industry and the state of california, now shifting into high gear. it starts with this. about five hours ago, the justice department confirmed it has opened an antitrust inquiry into a pact four auto makers reached with the golden state in july. those names, ford, honda, bmw, volkswagen had agreed to significantly improve their fuel economy standards in their cars. well, now the doj is poking around saying that deal goes against federal law. let us get to grady trimble, who is driving around the streets of chicago. grady, you have been talking to both drivers and the companies about this.

what are they saying? reporter: well, right now, we're surrounded by a bunch of cars that wouldn't be compliant with the emissions standards that california wants, and essentially, what you mentioned, the doj is looking into whether the deal that these four auto makers struck with the state of california violates antitrust laws. in other words, does it limit competition and thereby limit the types of cars that are available to the customers. we reached out to the car makers to get their response to this investigation. ford says this. we have received a letter from the department of justice and will cooperate with respect to any inquiry. bmw takes it a step further. they say we look forward to responding to the department of justice to explain the agreement and its benefit to consumers and the environment. now, the trump administration is not a fan of this deal that the car makers struck with the state of california. the trump administration wants to roll back the emissions standards. the state of california has

tougher standards. and the president isn't happy with how much power california has. essentially, california sets the tone for several other states that follow the same emissions standards. there are about a dozen others across the country and these other states say whatever california does, we are going to do. so what the president now is looking into is removing that legal exemption that lets california set its own emissions standards and they want to take that authority away from the state of california, so all of this is going to create a long protracted legal battle and now this antitrust investigation is just another wrinkle into it, another hurdle in this showdown between sacramento, trump and the auto makers. liz: grady, it's a very thorough report and it is interesting to see that we're not seeing massive sell-offs. nobody is really running scared as far as investing in these companies. but we will be watching it. thank you so much. closing bell ringing in 15 minutes. the dow has lost a little bit of

its air here, but still up 77 points. standing at 26,804. homeowners, beware. that warning now the party line of critics who are already clapping back at the government's plans to release the reins on mortgage giants fannie mae and freddie mac. charlie gasparino running to our set right now with the exclusive details on the administration's proposal but also, who it really might hurt and help the most. that's next on "the claman countdown." we always say there's always a trade.

liz: okay. they are two dollar stocks but they matter. soon to be privatized mortgage giants fannie mae shares are

down 8.75% and sibling freddie mac down 9%, well, 8.5% as investors start to realize the treasury department's plan may be more of a bleak house than a dream home scenario. nicely written. >> who wrote that? liz: charlie gasparino. >> you know, you're right. they are both penny stocks. the even bigger story here is not so much the common shares, which you know, common shares are just so you know, the lowest level of the capital structure. if you restructure a company, common shares almost always get wiped out. those are penny stock levels. it's the preferred shares, if you look at the preferred shares, they are down as well today, as well today, so it's kind of a scary scenario for shareholders. listen, this plan was supposed to bail out the shareholders. they are a very active group of shareholders. by the way, they call themselves fannie-gate. they believe the government was essentially screwing them over,

stealing all of fannie mae's profits, that fannie mae and freddie mac didn't have to go into receivership. i think bill ackman owns both the common and preferred. i'm not saying hel's part of tht fannie-gate. liz: you can play these swings. that's what some investors have done. >> they made a few bucks. these shares traded as low as $1.50 not too long ago. they have been up all year. the notion they were going to go through the roof on this plan, it was going to be a massive recapitalization, that the government was going to forgive every debt of fannie mae, they were going to leave conservatorship like yesterday and start building up capital, this plan did not say that. we should point out that shares of fannie and freddie are off their lows today, so they are up a little bit today. liz: in the commercial break they were down 9% and change. now 8.5%. >> they were down 12% earlier in the day on the initial news. here's the thing. what i would say is this. it's now the ball's in mark

calabria -- treasury laid out a bunch of sort of proposals to get them out of con servservatc. it's up to him to implement the proposals. i will say this. if you are buying the stock at these levels, here's what you should realize. mark calabria generally doesn't like the gses. he doesn't think government should be this much involved in housing policy. that's what they do. they allow -- they are a government agency even though they are private companies -- liz: there's a reason we get a 30-year mortgage. >> a lot of people get them. for average people, because banks are loathe to make those type of loans to average people. so he doesn't think the government should be in that business that much. he's going to look to reduce their footprint through various methods including maybe introduce competition. he's going to look at the reduced amount of loans they do because he doesn't want them, because he knows they need to be recapitalized and they need to be recapitalized in a fashion that they don't return to their old self when they took a lot of risk. so if you are owning the common,

if you think you are going to make a lot of money out of it going forward, just remember that mark calabria is going to do stuff to make sure that they don't take risk. when you take more risk, you usually make more money. think about that. so that's where you got to play the common. the preferred shares are different. i think the preferred shares will probably do better in any recapitalization or where it is now. they are higher in the capital structure. and they sold off, my guess today, is because it was simply profit taking. they have been up dramatically. remember when you play these stocks, and one thing that this plan really speaks to, i think if you are looking at this, the political view, the trump administration doesn't want to do anything to disrupt housing in an election year. this was a massive punt, they basically said we're not going to do anything, leave it up to calabria. calabria knows if he does anything that makes mortgage rates go up, which it could if he did something radical, he's going to have the president breathing down his neck. liz: okay. >> all right? you okay with that? liz: i'm okay with that.

>> you sure? liz: he just did an entire hit without mentioning cbs/viacom. >> i didn't mention dr. evil until now. by the way, people don't realize how cold it is in here. liz: oh, you are busy. >> this studio -- liz: i gave him -- >> the average viewer doesn't know what people like me have to go through to do a hit with you. it is freezing. i have goosebumps. liz: infantile. >> my teeth are chattering. my nose is running. it's horrible. it's horrible, horrible, horrible. horrible. liz: dow jones industrials now up 67 points. we had been up about 132 earlier today. but green on the screen. nasdaq has now turned negative, down ten. when we come back, "the claman countdown" closer.

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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. liz: all right, with the august jobs report in the rear view mirror, it was a gain of 130,000 , but the markets are seemingly taking it relatively decently here, it looks like the

markets are set to close out the entire week, higher. slightly higher, right? all the major averages on pace to close up more than 1.4%. by the way this would be the second week in a row the markets have closed in the green. let's bring in gradient investment portfolio manager jeremy brian who has two plus billion dollars in assets under management and we always want to know what are you doing with that money right now and what do you see? if we're looking at a rational market one minute and an irrational market the next how do you sort of deal with that? >> yeah, we're buying dividend stocks is really what we're doing right now. we think the most irrationality is frankly in long term bonds and so really when you get 2% for a 30 year note in the u.s. and worse internationally we think dividend stocks look really good so that's what we're buying. we think that if we can find good companies trading at reasonable valuations we're not looking in the traditional

sectors like your reits, utilit ies and staples but we are looking for good quality companies at long term valuations with good dividend yields. liz: for people who are listen ing on xm 113 in the car, hi everybody keep looking forward through the windshield, but merck, can we put up the dividend chart one more time so we can at least give people a sense of how they get paid to wait if there is some type of turbulence right? is that your theory when it comes to dividend stocks? >> that's exactly right. when these companies are healthy and growing that dividend you're offsetting that inflation getting better returns over an extended period. a company like sky works has grove thin dividend 25%, merck 14% andretheon near 10% so they are growing their dividends and not destroying the balance sheet , so that's why we think owning these stocks when you have such low yields in the bond market make sense for a long period investor. liz: it just feels like the market is headline driven.

one minute if there's a good headline about trade, the market jumps 300 points. the next if it seems like we're off the rail once again, we're down 200 to 400 points. what would bring rationale back to the markets? >> yeah, you know, we have to see some of the u.s. chinese discussions bear some fruit, rather than stopping and starting we've seen so far in 2019. i think that's really what gets us out of this trading range. we're stuck in there until we start to see actual results from those discussions, and whether those discussions actually bear some fruit on actions, so that's what we're really kind of looking at right now is we might be stuck there but what we're interested in is figuring out what the companies are going to say when they start to report earnings in october. is it effecting their businesses right now, we don't see a lot, maybe in the manufacturing side we're certainly seeing some slow downs but on the consumer side, we're plowing through it, it looks like. we have strong jobs, wages are growing, people are spending money. generally it's a pretty good

environment for the u.s.. liz: good to see, thank you, jeremy and thanks again to gradient and by the way, the markets yes did lose a little bit of steam, the nasdac is closing in the red, the fourth biggest laggard is facebook as it faces more allegations. melissa: stocks ending the day mixed following the august jobs report which is leaving the door open for a possible rate cut. the dow closing up 68 points we're up a 132 points earlier today, the s&p 500 finishing in positive territory, the nasdac ending the day in the red. you could see they're down about 13 points. all three major averages starting the week off strong, though the nda up nearly 2% on the week finishing the week off? connell: yeah, i think it's friday. it better be. melissa: i'm melissa francis. connell: i'm connell mcshane this is after the bell and we'll talk more about it and all of the big market movers but first here is what's new