tv The Claman Countdown FOX Business September 10, 2019 3:00pm-4:00pm EDT
3:00 pm
last five days has been a foreign half percent. clearly a lot of investors want to be in stocks, they cannot hang with the flyers. too many gyrations. but they are sticking and looking no matter where they are another rest of 2000 beneficiary. liz claman, the dow is off i bet it'll be explosive as useful. liz: i think apple went from 0 to 180. apple tim cook just trampling walked off stage at the special event in california. he pulled off a surprise party in new products and features. the new iphone 11 the big reveal, multiple choices, different price points with the basic 11. more battery life, ultra wide lens, and the fastest chip ever in a smart phone. that is just the basic model. where was the market moving?
3:01 pm
disney and netflix taking immediate hit after they announced booktv plus would be free for any entire year if you buy a new product, ipad, iphone or new imac. updates to many more products. we'll take you straight to san francisco for all the hot highlights. the markets are not reflecting the excitement of a lot of breaking news. it is down 32, the nasdaq down 42, and oil reversing course after a shocker at the white house. that is that national security advisor john bolton was let go by twitter by president trump as the white house rolls out extensive new sanctions to fight terrorism. we will take you straight to the white house for live update. the man portrayed by leonardo dicaprio in the movie, catch me if you can, live in studio to tell us how you can protect your online identity from scammers just how he used to be.
3:02 pm
frank is the author of scam me if you can. he will take entity to a whole book of tricks. who is missing in action in the 5g race? the new chosen bankers. less than an hour to the closing bell. let's start the claim and countdown. ♪ >> breaking news, we got a look at shares at uber, they are popping, multiple percentage of three and a quart percent and we just came off the highs after they reported the righ bride ses laying off people. the work out to 8% of the employees in those particular divisions. hoover has been a disappointment if you bought an app po.
3:03 pm
he is 29% lower than the iphone day. the market is broader, stocks at the moment weighing down, for out of the five stocks, just as apple moves slightl higher. apple is up 21. it'd been hugging the flat line which will get to them just a moment. if you look at amazon, facebook and apple, they are all down. it's the small caps in the mid-caps enjoying the four out of five sessions. look at the russell 2000. upper percentage and remember yesterday it closed 19 points. the month of september is still young but the russell is already inflating by 3%. when we get to gold prices, dropping to their lowest level as the precious metal tarnished with e-zine trade tensions. there's word, they've done this
3:04 pm
before so i don't know why the market is putting switch behind us, the chinese say the buy more agricultural product, they said that before and have not gone through. so at the moment it's a victim unable to defend the $1500 per ounce level. gold has more than 4% over the past week it stands at $1490.30. however, the drop is a head fake and the gold prices will breach $2000 per ounce and a post new high at some point in the next year or two. way to pin it down. you have to wait for a year or two in the mining stocks are not getting a bump, they're all low with them down from 4% to down 2%. ten years ago, because it did not take a bailout, ford was the best car in a bad neighborhood. but today ford shares are taken a hit after the den grounded the automaker's bond rating to junk. we have ford done to and have
3:05 pm
percent and $9.31. here's what they're saying. it expects weak earnings and cash generation. week cash generation as ford attempts restructuring plan. but ford says, we are spending to make money, we are charging ahead, their new ideas and the company says it'll launch eight electric vehicles in europe as it attempts to gain a majority of sales from electric cars by the end of 2022. now to the fun stuff in california where apple has gone from 0 to 180. bottom to top in a classic case of under promising in way over delivering pretty tim cook jumped there busting a major move as he unveiled iphone 11 colors in most thought would be a rollout for the iphone a ration. it's not at all what happened, what is been the i dropping moment, apple demonstrated the new iphone 11 feature, slow
3:06 pm
mode sell fees by showing a windtunnel video. of a woman who had her son aiming a blow dryer at her face but in selfie world apple thinks it can snap up the new iphone 11 as it's called. price tag, $699. the new series five apple watch was a dog dropper, always on watch. this time you don't have to touch or move it. now available in the fashionable double wrap leather strap. i think i want that. it has multiple new health benefits including flagging wears of irregular heartbeat, it was a services that investors and competing stocks center running for cover. the minute the $4.99 price reveal for booktv plus hit the tape, netflix which directly
3:07 pm
competes in streaming content as well as disney too, began to dive. we have a chart we can show you. apple stock is slightly higher, it'd been lower or on the following but when you see disney or netflix you could see they began to fall. netflix is down three have percent and disney down 3%, amazon down 1%, podcast down three quarters of a percent, roku getting hit nearly 11%. what other apple surprises might choose apple stock in the future, what was missing? jeremy owens is a technology editor, fast breaking news in the analysis. your top feature, surprise attack by apple, i need to know what you thought was a big winner. >> the price, i think apple is competing on price which is not something apple has done before. the 499 price on the streaming along with three four-year, they dropped into place for the
3:08 pm
lowest-priced new iphone from 749-2699. they kept the series iii around while introducing the series five. it is right there with the fitbit price point. so i think apple is dropping the prices and when you're talking about christmas, people will look at the price tags more than anything in dropping those prices, they have lower prices on iphone and trading, it's a big deal in terms of volume, it's a question of the margin, how much money do you want to take home on your devices and will that change? liz: let's tackle the device first, as a services they deemed the streaming stocks as competitors. if i could start with apple watch, or thought the series five testimonials were absolutely fascinating, they had a pregnant woman who noticed that her heart rate was biking all they had a death father the said that apple watch let him
3:09 pm
know when his son has woken up and i found that really fascinating and i'm wondering if that was enough to say you want to upgrade because it has always on future and they revealed the letters had $399 to start, that's a decent price point. >> it is, especially for what it offers. and you're talking exactly what apple wants to get across. especially for older consumers, this can monitor your vitals, this will be big, the types of devices are usually adopted by a younger generation. they're trying to get a wide range of users for apple watch and the health is a huge selling point. that commercial you are talking about, the testimonial from the different users use the health functions on the device and found it so useful, not what the saw this holiday season.
3:10 pm
>> you know what is trending aside from the apple that, frog or, i love how tim cook says we give people wonderful tools to do wonderful things. play more video games. they talked about the video games and brought back frog or which is an old favorite. that is trending. does that move the needle? i saw electronic arts was not lower, it seems to be doing okay let me check 10 cents. that one is moving lower by three quarters of a percent. you're talking about larger game companies that are going for in-depth games. this subscription is for small mobile games like frog her. they brought mario in nintendo. but it's something that you will connect that it played frogger like me. you'll get those people to pay attention more. usually they bring on game
3:11 pm
developers disruptive things. this time they brought out the big guns with capcom and frogger and trying to bring the big names to show arcade streaming videogame service for 499 a month will have things that people recognize. it will be random mobile games, it'll be stuff that people know. liz: booktv, booktv plus, what they did was very interesting, they came out with $4.99 which he talked about which is very attractive and you get your free if you buy a new iphone, a new ipad, a new. >> , it's almost like somebody was really thinking and they. this for a potential, the only have a trading opportunity where you can get somebody back on old models which is classic. tell me what do you think this really does for apple tv. doesn't bolton to higher strata?
3:12 pm
>> i don't think so. only the content can do that. they don't have a library. like netflix, like disney, disney is only $6.99 a month, comes with all the movies, all the star wars movies, they have a lot of content and a lot of intellectual property that people understand and know. it's going to be hard to go up against that except coming in lower on the price. if you give it to me four-year free, they forget you give them a credit card and they start charging for those year from now they have the content or second season of the morning show or the show they showed a trailer for. it makes you want to stick around, smart way to get people in. aol, always give you the month free and then charged you at the end. it's very similar. liz: we will put up a lot of
3:13 pm
what apple revealed on facebook.com/liz claman. plus the prices. what is next for apple in the overall markets. they list on every exchange but we are not a single stock we look at the markets. we have to take into account the first terrorists on china. since the first herbs were hit, apple along with other trade names like intel, construction equipment manufacture caterpillar, it's been a mixed picture, cat is down 13 and have percent and apple is up 22 and have%. and until a nearly 8%. now out to the markets since the first terrorists. we have everybody hire, not by much but we do know year to date the markets look very healthy. uncertainty still surrounds major global event trade, breaks it, the fed, can the advance with the unknown industries. where can investors pile into the market? we are showing what happened in parliament at brexit overnight
3:14 pm
which was unbelievable, they did not want to let the speaker get the heck out, they almost impeded his way, what does this all mean, we don't know if it's happy or sad. >> plenty of uncertainty in the dow, things were talking about is things we've been talking about a month on month. i'm fearful to say we will talk about this for the next few months and probably next few quarters. the market is strong, our economy is strong, as long as we have a good idea where the path is. we continue to get information out of the china, u.s. talk sometimes they are good and sometimes they are bad. but the information needs to continue. what happens with brexit is still a lot of uncertainty, that's playing its own course and were pricing in a way that that will work out for everybody.
3:15 pm
from the interest-rate side, another hot topic, we continually bounce that around and you see those effects are market and interesting what we see the last few trading sessions is the rotation. the rotation of the momentum stock into the value stock. how do we see that and how do we know that, look at the broad markets. yesterday dow, s&p were down, rustle up 1% yesterday and today, we will continue to watch that. liz: he just mention the interest-rate et cetera, i still think stocks look like the better play it really cannot yield. >> yeah, absolutely, right now with a ten year yield has gone up in the last week or so, but 170, the stock market still is a better value, the real yield with the dividend of the s&p 500 compared to the ten year treasury is still not there, if you recall when ten year yields were up around 100 points higher than we are today, that is when stocks start to feel it a bit. we might see that again, but at this point stocks are the way to
3:16 pm
go because 60% of gdp is being deflected by trade. when i talk about services, consumer and government. liz: we gotta go. we're coming right back with a shocker from inside the beltway. ♪ i get it all the time. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go.
3:17 pm
3:19 pm
liz: breaking news the drama inside the beltway continues. take a look at what we received. former national security advisor john bolton resignation letter. it is dated september 10, that is today. it says i hereby resign effective immediately as assistant to the president for national security affairs. thank you for having afforded me too server country. john bolton. of course president trump fired
3:20 pm
him via twitter earlier today, he is now looking to hire his fourth national security advisor in just two years. this afternoon he announced via twitter that he has accepted the resignation of john bolton who took over the role in april 2018. who turned upside down oil at the moment is is still down half a% in after-hours trading, the oil market closes at 230 eastern. the oil had been up in the immediate reversal turning down when the president tweeted that he no longer needed john bolton services, that was at nine eastern. let's bring in blake, live at the white house. did anybody see this coming? that's as a short of a resignation letter that it gets.
3:21 pm
when you see it, not a whole lot of warm feelings and pleasantries and thank you very much. and it was a pleasure and i appreciate it. two sentences, you see it there, that's a backdrop for all of this right now. there is a he said, he said going on between the president of the united states and the former national security advisor, john pulled as to what happened and how this may played out in the last 24 hours, just a couple minutes before noon president trump went on to twitter and said he essentially told john bolton he was out and he wanted him to resign as a national security advisor. this was a treat from the president. 15 minutes after that john fulton took to twitter and said that's not the case, he responded by saying, he was the one who offered to resign. it was a very unusual hour at the white house because 1055 this morning, the white house put out an advisory saying that bolton would be joining the treasury secretary steve mnuchin and mike pompeo in the briefing room to talk with reporters and
3:22 pm
answer questions. that was at 10:55 a.m., one hour and three minutes later, a treat from the president saying bolton was no longer a part of the team. once in the briefing room at 1:30 p.m., mike pompeo, the secretary of state was asked if use caught off guard by all of this, and that elicited this response. >> i am never surprised. [laughter] and i don't mean that on good issues. i think secretary miniature it was a the same thing. we work very closely with the president of the united states. we've a pretty good understanding of how he think about things. >> a source familiar with his thinking since he had a heated discussion last night on afghanistan and leading the administration was inadvisable. pompeo and management didn't seem too bothered that he was not a part of the team the president had bolton on certain middle east policies.
3:23 pm
>> the one thing i would say, the president has been very clear, the view of the iraq war and bolton's was very different. >> going out of the way to say the president and bolton had different issues, different views on issues, a little bit of laughing when say they're not surprised, to sense recognition letter, you could put all this together. to see there was tension apparently or on issues between the president and national former security advisor. liz: thank you. dow is down 46, scam me if you can, the author of this book, he will teach you some important things. stay tuned. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is,
3:24 pm
a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) the day we'll finally get something done. they give us excellent customer otservice, every time.e. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today.
3:26 pm
3:27 pm
after the aircraft maker said a recent low test failure when no further delay set to take flight before the end of the year. these are up 2.6%. they are caught an illegal game of chicken in closing with the subpoena in the method coming in connection with the larger investigation on the collusion and the chicken industry. wall street trading lower as you can see. a more joyful scene for hasbro, the toymaker announcing the new ms. monopoly game hit shelves this month. the newest edition of the board game women will get paid more than men and it was up two-point to percent. a new twist in the ipo tripping the market, the big move, it is
3:28 pm
3:29 pm
now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. doprevagen is the number oneild mempharmacist-recommendeding? shipsticks.com saves you time and money. memory support brand. you can find it in the vitamin aisle in stores everywhere.
3:30 pm
prevagen. healthier brain. better life. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce
3:31 pm
hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your parkinson's specialist about nuplazid. liz: nothing seems to be working smoothly for we work in the plans to go public. it's almost water torture as each day brings a new report that the unicorn is flashing its value as a public company again and again.
3:32 pm
yesterday went from $47 billion to 20 billion. today below 20 billion. in light of that, the financial times is reporting the we works biggest investor has urged the wii company to call the whole thing off. what is really a rapid developing story. >> 100% right, it continues to deteriorate. here is a company that lost one point oh, you dollars and nine have one of the biggest investors, they roughly 30% or they own 30% of we work stock. they are urging we work to hold off on the ipo. because the skepticism around the s-1 filing and the lack of investor appetite. there's a lot of complaints and issues of corporate governments, payment of the cofounder that are questionable. the cofounder put a patent on wii and was paid $6 billion to
3:33 pm
use the word wework. and then you also have the third point which a lot of people have been wait and on. as a saudi backed gave $10 billion to wework work. they are waiting and because their name is on the line. they want to be seen as a good tech investor and the lower the ipo value, the greater the recorded loss. they want a positive outcome. wework work is going to have to raise a lot of capital going forward if they plan to continue on the revenue stream or revenue growth stream. one interesting point, today there was a wall street journal talking about how land lords are trying to do the same thing as wework work. lisette workspace. i reached out to real estate agent and he said he's been noticing for quite some time, land lords are trying to kill the middleman and he also
3:34 pm
mentioned iws, that's a competitor of wework work, they been successful for years so i can return a profit in the future. the roadshow is still go as of next week. liz: still will be watching. i will see you a bit later tonight on "bulls & bears" 5:00 p.m. eastern or special guest new york city mayor and democratic presidential candidate bill de blasio joins the panel and a fox business exclusive. not on how much longer he can hang on in the crowded field of presidential candidates, but also on his new legal move that is burning chipotle shares at this hour. look at chipotle shares, down nearly six and half percent. the big apple suing the mexican food giant for $1 million over violations of the fair workweek loss. they said an investigation at five brooklyn locations and other 11 patrol lays revealed these violation so there suing for restitution.
3:35 pm
shares are falling 55 bucks to $774.64. it is currently the biggest loser on s&p. closing bell, wework are about 26 minutes from the hearing. up next from facebook to aqua fax to capital one and more, the hacks proof your personal data is seemingly unsafe anywhere online. the former con artist who made one of the greatest flips from bad guy to good guy this is of all time about to join the countdown. frank abagnale is here live with his insight on how to protect your digital valuables. his new book, scam me if you can. coming right up. ht and staying active? on it! audrey thinks she's doing all she can to manage her type 2 diabetes and heart disease, but is her treatment doing enough to lower her heart risk? [sfx: crash of football players colliding off-camera.] maybe not.
3:36 pm
jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. so it could help save your life from a heart attack or stroke. and it lowers a1c. jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. ketoacidosis is a serious side effect that may be fatal. a rare, but life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection, ketoacidosis, or an allergic reaction. do not take jardiance if you are on dialysis or have severe kidney problems. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. lower a1c and lower risk of a fatal heart attack? on it...with jardiance. ask your doctor about jardiance. it's something we take personally, and believe in passionately. it's the idea that if our mothers were diagnosed with cancer, how would we want them to be treated?
3:37 pm
that's exactly how we care for you. with answers and actions. to hear your concerns, quiet your fears, lift your spirits. with teams of cancer experts and specialists, delivering advanced treatment options and compassionate support every step of the way. all here in one place, with one purpose. to fight your cancer, together. that's the mother standard of care. this is how we inspire hope. this is how we heal. cancer treatment centers of america. appointments available now.
3:39 pm
one. liz: what is seen. leo dicaprio playing the con artist frank abagnale in the movie catch me if you can. and one of the most famous flips. he went from con artist to using his knowledge to being a professional fraudster to begin a career with the fbi. he has taught at the fbi academy for four decades but now he's here, with a brand-new book called scam me if you can, the simple strategies to out smart today. >> everywhere and all over the world. that is the issue. back in my day there were conmen comic-con women they gain your confidence and they had to be in front of you, they dressed wl, spoke well became your friend and now you're dealing with
3:40 pm
someone in the kitchen with a cup of coffee in the laptop and masco in india, china. thousands of miles away, they had no compassion they would take you for every dime because they don't know you and they don't see you. >> wework know there's multiple different forms of the scammer and scam artist. give us the current scams that are out there. >> right now wework have the romance scams which have doubled over the last couple of years. where to go to facebook and get a young marine in uniform with medals in the capture the photo and send it out to e-mails saying this is me and befriend women online to think that to the dealing with and they have a whole background to go along but eventually they'll say afghanistan, can you send me a gift card for $200 then becomes a hundred dollars and $1500. liz: a promise will get married will become back. people really fall for this. what about identity deb identit? >> there's nothing new, wework
3:41 pm
live in a way to information world. if you tell me on facebook where you were born into data birth, that's 90% of stealing your identity. if you are foolish enough to tell me that, then i can easily steal your identity. i tell people to keep their personal information safer. >> you say don't start putting everything out on facebook. facebook makes me nervous especially lately. you say shred everything. however, regular shredders that shred vertically are not good? >> wework put those back together at the fbi laboratory so wework could do it they can do it. i prefer to use a micro cut shredder it turns paper into confetti and there's no technology to put it back together. the same price and all the manufacturers make them as just using the right tool to do the right job. >> don't get the ones that i
3:42 pm
have. >> the thing about this, if you go to the store and write a check, on the check is your address, your bank, account number, routing number, your signature on the signature card back at the bank, and then the clerk has written a drivers license and date of birth on the front. you don't get the check back to all the information i need to get into your account. >> the ground is fertile but so is the airwaves. wework had tim cook in the past hour and a half unveiling glittery new apple watches. apple iphones, that make you more connected than ever. if you had somebody sitting in front of you saying i want the new watch, new phone what would you say. >> i be careful what you do with those tools. wework will end up that her phone will be able to identify. where eliminating passwords really quickly. when you press an app on your phone, that will identify you to the call center and to the atm. unfortunately the phone will be your tool.
3:43 pm
liz: fingerprints, retina scans, what about the opportunity, you cannot duplicate a figure print. >> that had a problem with biometrics, if i take it converts it digitally into numbers and letters but if i capture the numbers and letters that i turn around and have your image and figure print but as you know, the company was breached out of 20 million figure print and biometrics the do it for the office buildings and banks for access cards. they stole the data for these companies in the uk, australia and the u.s. they were breached. liz: dna, all these sites, find out your ancestry, your dna and
3:44 pm
your background. >> i would never do that unless i had in the contract that is destroyed the moment they finish making the dna. not that they keep it or sell it or marketed to anybody else. liz: the book is called scam me if you can. i love the title, frank the con artist in catch me if you can. good to see you. thank you so much. closing bell is ringing in 16 minutes, 2 trillion-dollar question, forget the ipo, what about the ra saudi ipo. gasper arena, the man, the myth is running with answers. the latest edition of everyone talks to liz podcast. you gotta listen to it. you can go back to the first one and listen to every single one of them for the most inspirational and aspirational stories. they will inspire you ♪ ♪ liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need.
3:45 pm
cut. liberty m... am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ that could allow hackers devices into your home.ys
3:46 pm
and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today.
3:48 pm
liz: how about that, the dow has turned positive again, up two-point but has been down 118. it is again at 21. goldman sachs, morgan stanley and j.p. morgan all looking to grease their wheels with saudi arabia coming raincoat. there hittin hoping to get paydn billions of fees. usually hundreds of millions. but now it's billions that could be associated with oil joint market debut. charlie gasper arena is here with exclusive an info. >> a year ago in october, the journalist was murdered, assassinated and a lot of people believe the crown prince had something to do with it. this is coming on the one-year
3:49 pm
anniversary. this is interesting this is interesting that wall street did not care, they put it aside and they did for the deal. here's what wework know in terms of the size, they will value saudi arabia, the big oil company which the train to bring public because they want to attack and other issues. it's to flow the deal and get capital. they were value the whole thing a $2 trillion. i can't tell you how much the do initially. they will understand this year is going to be the first one, this week will know the underwriters. here's what i understand from my sources who have spoken with saudia ram company. j.p. morgan as the book runner
3:50 pm
every bank is going to be involved. they are going to be the lead bank banks that handle most and get most of the economics, the one at the top is going to be j.p. morgan and from what unde i understand will be goldman sachs. both have pushed to do this deal and wework should point out when others when wall street said they were boycotting the crown prince conference early in the year, after the assassination, the wall street said wework are not going to go. they did send representatives. in the on-again, off-again clearly wall street that it was on again, that's why they sent the representatives to the conference and every one of the banks essentially went there, goldman sachs, j.p. morgan all had representatives. wework understand j.p. morgan is the lead underwriter and if you look at how underwriting goes, the one on the left is the lead and the one on the right is a
3:51 pm
second, the senior managers, it'll go j.p. morgan, goldman sachs. i understand morgan stanley is making a push to get into. this week wework are likely from what i understand to hear who they are. morgan stanley is making a push and it has been a key advisor from what wework a understand. they're all involved and when you see the perspectives, you will see every single major bank that you no. >> climbing over each other. >> at the top are those three. this is a big thing for saudi arabia. they want to diversify their economy, wework get that. liz: away from pure oil. >> they made that clear. but let's also be clear, when this is happening, the timing is just unbelievable, a journalist was assassinated, likely by the orders of the conference. liz: chopped up with a saw,
3:52 pm
knife. liz: at the embassy. >> wall street did not boycott the conference. despite the ceo saying they were not going. they went. and now they are jumping all over each other to get this deal. liz: it doesn't sound like they'll be any blowbac just business, we're just doing best what it's for sure members. >> i like jamie diamond, i like david solomon and these are people that condone violence. i am saying that money talks and it does not matter that they killed -- these are the people responsible for killing somebody a journalist but they are lining up and they will do the deal. and it's a big thing on wall street, a huge payday. although i wonder, they say they
3:53 pm
sat it out, would it hurt that much if they sounded out? liz: good question. >> i don't think so. liz: charlie gasparino. wework will have a few minutes left before the important closing bell rings. look at how axel might end up, 5g mia. how to play. . . i get it all the time. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle.
3:54 pm
3:55 pm
3:56 pm
♪ liz: closing bell four minutes away. the dow is popping to new session highs. folks i need to tell you even though it is up only 21 point, even if we close higher just by a single point, that will be the longest winning streak in three months. what is it charlie brady, four or five sessions in a row? five sessions in a row. many thought it was the next retailer headed for bankruptcy, clothing retailer francesca's seeing shares double at this hour up 95%. gerri willis on the floor of the nyse with that story. reporter: this is amazing, liz. this is a company, let me
3:57 pm
explain this quarter. sales were lower for the second quarter. comp sales down 5%. but look at eps, up dramatically, adjusted up 72 cents a share versus 16 cents a share last year. people are buying it with both hands as you can see. part of what traders are telling me is rotation into value stocks. other retailers up today, you know how the sector has done, macy's tapestry which owns coach. p hb, owns calvin klein and tommy. we're seeing rotation out out oe momentum stocks, technology, others that have done very well. into areas that haven't done so great so far this year. banking shares, also moving higher. as i said, francesca, a retailer for women clothing accessories, doing very well indeed, liz? liz: gerri, thank you very much.
3:58 pm
francesca's. new iphones, new ipads, new apple watch, what didn't apple reveal today? no mention of 5g the fifth generation of telecom, superfast, right? apple is waiting one more year to jump into the world of 5g, but with 5g, mia, missing in action, today's "countdown" closer says he has picks. now to prepare your portfolio for the next tech revolution. paul detreich with the names, 5g, mia names. what are they? >> companies undervalued, value stocks, going to be the biggest beneficiaries, will be the most disruptive technology of our lifetime. the national science foundation said this was the most important technological advance since the guttenberg printing press. liz: wow. >> 3g was blackberry, 4g was
3:59 pm
iphone, internet apps, uber, facebook amazon, those things, this this will pass them all. 100 times faster streaming this will change everything. the companies beneficiaries are at&t, verizon, qualcomm, apple. they're all undervalued or fairly valued at the moment. liz: by them now to catch the wind that may come next year with 5g roll-up. however apple unveiled brand new iphone 11s. the 11 pro max is something like 1199, not cheap. will that work a year later when 5g is rolled out? >> it will work as it is today but, the advances of 5g will be a whole new network platform. liz: you have to buy a whole new phone? >> that's it. you need to buy apple now. think about it. over the next three years as 5g
4:00 pm
is everywhere, every iphone in the world has to be up graded. [closing bell rings] liz: apple certainly a member of the dow 30. the dow hitting session highs in the final hour, minute of trade up 52 points. that will do it for the "claman countdown." thanks, paul detreich. melissa: on wall street stocks mixed at the close on global growth concerns as investors await direction on trade. the dow there though, positive territory, pushing into the green in the final minutes, ending up 68 points. s&p 500 ending the day, see it there, in positive territory, just barely. the nasdaq, in the red three days in a row, down three points. i'm melissa francis. connell: i'm connell mcshane. this is "after the bell." we'll have more on big market movers. here is what is new at this hour. right now the white house, president trump is expected to sit down with congressional republican leaders. this follows the removal today of john bolton as his national security
71 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on