tv The Claman Countdown FOX Business September 11, 2019 3:00pm-4:00pm EDT
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personal funds. fox business has reached out to purdue pharma for comments, we've got nothing yet. the dow was up 130 points as a pass it off to liz claman. we had a heckuva rally in your show. maybe again today. liz: it has to do china and trade once again. china supply train is breaking up like a torch. president trump a little over an hour ago said the world second biggest economy still wants a trade deal, only this time china's actions match that claim in the chinese today are relaxing tariffs on a handful of products. even though if they did so under 16 products, the optimism is lifting stocks as you can see, the dow headed for the sixth straight winning session, moving higher by 132 points. both the s&p r1% away from the
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all-time record. the nasdaq powering higher by 62 points as well. the russell showing muscle once again. will the gains continue if smaller companies struggle to pay the tariffs begin to fail? the trump administration says china is the one that pays but we will introduce you to the medical device maker bio tri-city, the ceos here exclusively armed with receipts showing how much he, not the chinese is pain in tariffs. fox business remember septembe september 11 on this 18th anniversary of the terror attacks that brought our economy and markets to a temporary halt and our hearts stunned. we speak to a man who nearly lost it all. howard is the chairman and ceo of bdc and kendrick fitzgerald. it suffered unspeakable losses. coming up my one-on-one with him, the story of he was down for the count how he fought back and never stopped fighting not
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just for kids and families but owneuntold others. were less than an hour to the closing bell. let's start the claim in bell. >> we bring you this breaking news, oil tycoon has died at the age of 91. this legendary ceo of mesa petroleum was known for his hostile takeovers of much larger takeovers, but he was the wildcat or that when out and struck his own oil to create an oil giant. his longtime spokesperson says his passing was peaceful and he was a friend to the show in different to me and the network and he was surrounded by his friends and family and according to his spokesperson, he was ready to go.
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from the loss of a giant in the energy sector to the market overall. let's look at the averages as we hit striking distance of all-time record highs. the s&p 500 in the record close would be 3000, 3025 is the record close we are at 200992. we are not that far away. and hello, that is tim cook sunday the 1 trillion-dollar ring tone for the first time in ten months, the stock is set for the best week since june if the games that we see hold. analyst racing to raise the price to $250 a share, right now at 222. after apple unveiled the new iphone at the product launch yesterday and rolled out service priced, a teeny tiny $4.99 a month. that had to strike fear but in the hearts of disney and netflix it undercuts arrivals in streaming. we have walt disney down,
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netflix flat to hire but yesterday they both took outside hits on the news. let me get the palatine racing for the public offering going. the home fitness platform kicked off and those are a series of presentations with the company goes on to investors and pitches the company, sells them on the offering. here is the details, it is between 26 - $29 per share and palatine is looking to raise up to $1.3 billion and this is the connected fitness company, you get on the bike and you see the classes, sometimes life and sometimes taped. but the valuation would work out to $8 billion. they still have to get approval but were waiting for palatine in a couple of weeks. to the trade war in china, 16 u.s. products from the pool of
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thousands and thousands of products that have tariffs slept on them today. take a look at the items on list one, food for livestock, cancer drugs, shrimp and grease. this is what has been exempt. tariffs imposed on the items will be refunded and companies can apply to customs within six months for the refund. these are products not readily available in china. if you look at why china picked 16 things, you do have to ask yourself, maybe china is looking elsewhere and found different suppliers outside the u.s. china is the punishing american farmers as a trade war dragged on. let's get to edward. look at the trade, 16 products out of 5000.
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>> 16 critical imports from the u.s. into china, these are things that china cannot get from anywhere else and they can also not make them in china. also medical device, it detects how large a tumor is and treats forms of cancer, that device, a medical linear seller reader sold by companies by cure inc., this will help the individual companies but not make a big overall difference in the overall impact of the retaliation tariffs. donald trump saying he read visited adjuster by the chinese. what is more significant are comments by essentially the number two person in the chinese government, listen to the chinese premier after meeting with u.s. business delegation in china. >> china is the largest developing country in the world and the u.s. is the largest developed country. we share wide common interest and i believe we have the wisdom to find a solution acceptable to both. the wisdom to find a solution,
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positive talk, what i have not heard yet, the concessions of the u.s. trade representative said china deleted from the trade deal will be put back. lower level meetings will happened this month in the next two weeks, setting up meetings in early october between the two head of the delegation. liz: thank you very much. day by day, edward has the headlines. a never ending story at the moment. trillions and sovereign bonds are offering negativ negative y. this means people are paying government to simply park their money with a promise that you will get it back but not all of it. because these are negative rates. if you look at germany, sweden, japan, denmark using negative rates. unlikable in the u.s. or is it? right here on the show they predicted it could happen here. today with the yield of 1.73%
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for the ten year, we have a long way to go but the man who criticized president obama's federal reserve for keeping rates low, that would be president trump is now only calling for low treasury yield rates, he is calling for negative yield that came out this morning. soon the federal reserve should get the interest rates down to 0 or less. if in writing, what are the chances, because we will not sit here and say that's good or bad although we know when 0 rates are out there are negative, that's a sign were in recession or heading to recession. so what are the chances and what is a trade? >> i personally think that's unlikely to happen. and look at the experience after the financial crisis of a weight in zero nine, we were pretty low in fact we did see that in
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europe and that is going back 8 - 10 years. but the trade is easy, basically it creates an underlying bid for the equity market in particular in a dividend paying stock because people will seek yield and undo what they can to find it and it's going to be in the stock market, it might not be stocks that are there today, it'll be borrowing companies and good balance sheets that pay dividends in the continue to pay the dividends and that will create an underlying bid for equity. >> i would not disagree with that. stocks look much better than the chintzy yield you can get or negative yield. do you think we can ever go to 0 or negative? >> i think there's two chances, one is slim and one is none. >> breaking news, i am told slim just left town. [laughter] >> i am here. what happened? i'm still here.
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[laughter] go on, what reason? i think i'm still in town, i don't think were going to 0 negative interest rate, i think donald trump -- i think he tried to make a point when you have all all these other countries going negative, and were some attire, i think he wants to keep the pressure on the fed and why not ask for something totally ridiculous so the fed will given a little bit so if the fed does cut a 50 basis point and will going to negative rates. i think the pressure is on to keep in line with the rest i think that's what donald trump is trying to tell those guys, i won't use the word that he said when he called those guys at the fed, all leave that to you. liz: first of all, i understood what you said. i'm not the only one left.
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-- >> in reality, with rates so low, that does put an undercurrent to the stock market. because everyone is looking for yield and a place to put their money, i look at from the standpoint of the other economies, germany, japan and that doesn't have you get into negative yield, those economies aren't issuable. if we have to get to the point, of negative yield or 0% rate, because of the fact that our economy has slowed down so much and we really got into the recession, i look at that as a big gauge where yes conventional thought might be the underpinning to the market, i look at it as people will get really scared and start leaving the market. liz: again, zero two negative rates is not something we should reach for, that's a tough tough
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concept to get our arms around. thank you very much. the blue ship in the green, up 149 points, very near session highs, make a 150-point with the closing bell ringing and 57 minutes. the star power shining on a day that no american will ever forget. bgc day in honor of the lives lost 18 years ago on september 11, going strong today, raising more than $159 million sent to begin after the attacks. and the man whose firm shoulder the worst losses, 658 sold bond that day. joins me one-on-one. we are lucky enough to go one-on-one and have a front row seat with howard, the chairman and ceo of btc and cantor fitzgerald. my interview in the losses that
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were incurred by how he channeled the grief forward. that is next. that is a story we need you to hear. ♪ cut. liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need. 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. ♪ "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. at national, i can lose the wait...and keep it off. looking good, patrick.
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welcome to the training for a btc cantor fitzgerald, all of these traders on 9/11 donate all the revenue of the trades and commissions to charity. it's an update atmosphere celebrities are getting on the phone, 18 years ago when the first plane hit cantor fitzgerald headquarters, it was howard lutnick, the chairman and ceo of cantor fitzgerald who lost 608 of his employees including his younger brother. we are joined now of howard
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lutnick. liz: it is been a year since we spoken, it's so uplifting. >> you have all these young people in new people coming together, clients coming together, i think will raise more than last year was how mu much. >> it was 11 million and then i gave a million. >> goes to multiple different charities. i think people think it only goes to 9/11 charities. >> we really picked up 150 different charities in all the difference liberties who come, we take care of all sorts of charities in the community where employees are and we love to take children, medicine, these
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are just 150 different turkeys and we give away a lot of money. liz: i see this activity and i think people mourn in different ways. and you have voice chosen a different path when it comes to morning everybody on 9/11. and some people look at quite days of reflection, you do the opposite, you bring everybody here, celebrities making trade, humor,. >> tv personalities. liz: talk about why you channeled it in that way. you suffered in such incredible tragedy. >> i wanted to pull the pillow over my head and put the covers around me and hug my family. but we cannot, there were 658 families, so we raised $650,000 and were giving them a thousand dollars each, you need to have a real company in a big company to take care of these families. for the first five years we gave 25% every thing we made to take care of the families. we gave them $180 million and we
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really took care of them. and then we said, how do we do it next her, what is the next thing we do, we decided we have to take care of other charities and it brings this company together. we used to have 300 and now we have almost 5000, this is what bonds them together and we understand the work at btc. liz: 658 is the number that everybody talks about, it's really important for our viewers as well to really get in to the detail of that. unspeakable losses. when you look at the numbers, half of cantor 658 victims had children, most 12 years or younger. more than three dozen widows of cancer victims from these attack
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were present. and the list goes on, more than 700 children lost at least one parent, but the term that i feel is important for everyone to remember, father-son and employee, husband and wife, within 20 pairs. >> my brother died but i did not, but there's families in the first two name that we read on her memorial, that means their mom lost two boys. it's heartbreaking, we had a father lose two daughters. it is just extraordinary. i just keep my head down. i just gotta keep my head down, i have so much emotion in today and days around september 11 and i just try to be here to do good. >> all of your traders are looking at everybody, i'd be remiss if i did not ask you about the big trade you are seeing these days. we are in an interest-rate environment where we are shrinking and certainly dropping interest rates. we were watching the dollar and
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other currencies. what is the big trade using right now? >> today if you ask me today, the one bill you really get trade which is governments of the uk. the uk is going to all sorts of stuff, with great people in london and damien lewis. it was really very exciting. but the use interest-rate or lower the interest rates are much higher than the rest of the world so the dollar keeps getting stronger. we should expected to keep getting stronger in u.s. interest rates drop but not as much as the rest of the world because the economy will remain okay. not great, our president talks about 4% growth and you might get 2% or less than 2%, but we are still growing and the rest of the world that is not. so we are okay and if i were to say i'd say the dollar will do well and will continue to do
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well because the interest rate will be higher. >> president tweeted he thinks rates should go to 0. do you foresee 0 or negative treasury rates? >> the only way that can happen is if the economy falls into the tank. last i checked the market economy was different than everybody else's, it's terrific, stronger, i understand there's an election he liked up lower interest rates to juice the economy going into the election but i don't think it's a way is going to go. our economy is good and much better than people think. maybe late in cycle but much better. >> thank you howard, we really appreciate it. thank you so much going on this anniversary of 9/11, we always have one team member on claimant countdown of our hearts and mind, our producer jackie, was just 12 years old when her father who is a vice president of counter fitzgerald and her loving father jack was killed in
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liz: we are just to point away from the new high as far as games are concerned the dow up 164 points, were at 162 and the russell is unbelievable at the moment, it is jumping 31 points. the nasdaq, nice as well, up 68 points, big day for the markets. the poster child for the opioid crisis oxycontin maker produce pharmaceutical reached a major settlement with more than 2000 local officials, this according to breaking reports, we have
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christina open the fox business news room with the breaking news. there are billions on the line. >> 12 billion to that point. we have reached a tentative deal with over 2000 local government, state, all these various organizations and people that have sued purdue for the opioid epidemic, the open we are crisis that we face in the united states for so long. they tentatively agree to $12 billion, the family that is behind purdue are going to give about $3 billion of their own money over the course of 70 years. there is talk that they will give a full control of purdue, they will step down and were expected to see purdue file for chapter 11 bankruptcy in the complete dissolution of purdue, that does not mean it'll go away it'll be performed into a new company and it will stil still l
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oxycontin. the major issue, a lot of corporations have been selling and marketing the product to consumers across the u.s. without dictating the harm over the past several years. overall we have seen in the last year, maybe less then a year, open wide bracketing. is not just about purdue, you have several cases with johnson & johnson for example, based on $572 million through oklahoma. , purdue like we mentioned 12 billion. and international, 10 billion, . at this moment, the latest we have in a tentative deal has been brokered between the 2000 loss and purdue pharma, there are still several state attorney generals they do not agree with this and they have filed their own personal lawsuits against the sackler family. again they are the family that owned and operated purdue pharma and a lot of this has to do with the sale of oxycontin and how the opioid epidemic started. were getting more news as it
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continues. liz: big story. thank you very much. not all fun and games of dave and buster. the closing bell ringing and 32 minutes. the party chain share is playing hide and seek, more hide as analyst had shares out. find out what is going on with dave and buster in today's fox business brief. a brand-new episode of white everyone talks to liz podcast. you have to hear the story, you know his name, director of communication anthony sturm ritchie, he has gotten a lot of attention lately for flipping and speaking out and being very harsh on president trump. his long island background and his childhood, his immigrant a parent in his journey inside and outside the white house of what brought him today. whether you agree, it's a story. under perseverance. it's available today on apple, google and podcast.
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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. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer,
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or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity. liz: here is today's fox business brief. game stock had a decline in three months after reporting a bigger than expected loss in the second quarter, the videogame retailer blowing the chain store sales for the forecast of the year. the guidance was down by 12% drop and stores and the most recent three months. it was more than 2% myth on
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analyst expectation. the shares down nearly 10%. in the penalty box according to brokerage william blair which downgrade share of dave and buster to market reform after the arcade had sales and revenue forecast for the year, brian jenkins attempted to ease investors fears and detailing plans to boost lad screens. that's to be installed in 35 locations across the u.s. dave and busters down 4.5%. callaway golf macon hold the line upgrading chairs to outperform with equipment makers 14% stake in restaurant chain at the potential to driving the future growth. right now they were up 5%. tariffs created more for one cutting-edge company, up next
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liz talked to the ceo who says it's crating an unhealthy situation not just for his lifesaving business but for patients too. "the claman countdown" is coming right back. ♪ 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. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere.
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edward jones. it's time for investing to feel individual. liz: the latest u.s. tariffs on chinese made goods are now 11 days old, fox business has now obtained proof that u.s. businesses are the ones paying the tariffs despite the trump administration that it is china, but is paying the tariffs, bio true city is a smaller american device company that makes high-tech devices with diseases with diabetes to cardio issues, they been hit by tariffs because of the small electronic devices it relies on are only made in china, materials to come on your screen are receipts, you're looking at a department of homeland security tariff invoice, what you see to the right that is highlighted is
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last week alone as bio true city reported electric cardio devices, they got hit by 25% tariff, that is more than $6000 of care on $24700 a product. adding to the pylon, here's a letter from one of the suppliers warning that the company will no longer be able to absorb the cost of tariffs that they are getting hit with they will really their prices on bio's intereste.how can the little gu? at least one of them is ready to fight. founder and ceo of bio true city, here is the receipt, you paid about $6000 in tariffs when you see peter navarro saying,
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what are you using to that? >> i think the simple answer is, there's issues on both sides. from a company like us where were a medical device company focusing on lower healthcare costs, we contract to outsource to china to produce plastic but ultimately is our product. in all the intellectual property and developed by us. and because in the fta world, there's few manufacturers that can produce the equipment and low volume for small company we end up going to china. liz: that would be nine in question, president trump would say stop mean affection in china. >> it's an excellent idea, for me, local is better, logistically simpler, easier, the issue that comes up, when you look fta, there's a lot of regulation and process involved.
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when i'm reporting plastic for my device and doing it in a thousand units, most of the big manufacturers that are fda registered, the usa won't touch it and it will be at the right price point where our focus is to lower healthcare cost, i can do here but i'll do it at three times the cost and we want americans to be monitored from home in an intelligent way were reducing cost. liz: the whole point of bio transit he as i understand, your company was to lower healthcare cost to the patient did not have to rush to the cardiologist and instead and using your equipment. so what is the answer here. you are calling for small businesses like yours to be exempt from the tariffs. do everything that will happen? >> i am not sure, that is one
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answer to a broader problem. i think medical devices themselves, if we get the tariff issue, we right now imports from china 5 billion worth of medical devices out of the 400 -- $520 billion. and we export $4.7 million to china. and today china said they will remove the tariff on cancer drugs. it's pretty even on the medical device. at the very least, at least small museum under medium businesses, it's a distraction, increasing healthcare cost and i'm an american company developing american intellectual property. >> can i stop you there, employing 30 americans correct? >> yes. >> my question to you, how close are you to not making payroll for income employees, or do you hear from other company owners that you know who are close to not being able to make payroll because of the tariffs or have gone under.
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>> for us it's not that drastic, you have to speak to other people, for me, i am trained to grow our business, i'm trying to innovate it correctly and basically change healthcare and lower costs. the dollars that are being locked up in tariffs right now could be invested and utilized elsewhere and creating value in the american economy and also there is time wasted. our approach of manufacturing is always going to remain in outsource because our focus is the focus on the software and technology and innovation, automation and when we do that, and the tariffs occur, we get distracted, were looking to see if there's another way to do it, you sell the letter, why don't we bring some components locally, we brought them locally and got hit with tariffs because those are coming from china as well. >> the receipt is in my hand. you are paying the tariffs, we
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are very interested in seeing how the entire story continues to unfold. liz: the company is called biotricity and the ceo is saying that is the little guy have some relief from these tariffs. small businesses feeling the pain of tariffs with the closing bell ringing in 17 minutes, charlie gasper arena with new explosive information on why china may not be letting up anytime soon on its end of the trade. charlie breaks it next when "the claman countdown" is next. i get it all the time.
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threat to the united states and they did not like it. china stopped using the term made in china 2025. but charlie gasparino was here to say that some chinese officials are now suggesting they think that is ridiculous and for all the sea in china, president xi jinping will not copper mines on anything that could hurt the longtime. >> i spoke with a senior chinese diplomat in new york where i got to ask, it was a background dinner, i cannot say his name but i got to ask a question, what would it take to compromi compromise, for you guys to compromise to end the trade war, if you listen to him, they do not want a trade war. they like a relationship with the u.s., they have enjoyed you relationship, maybe over too much last three decades. but when you speak with him and
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you ask people in that caliber, this is a senior person, what would it take to compromise and what are you trying to achieve and how would you compromise in achieving that goal, it seems like the window. liz: how about stop stilling our intellectual property. >> i will tell you what he told me, he said over the last 30 years, china has eradicated poverty massive, they had entranced poverty. people living in very dire, we're poverty and it's bad here, their poverty is much more dire. in his words, they got a hundred million people out of poverty. they have 20 million people left in the dire property. what he essentially said is that in any negotiation of trade, the premises, the chinese cannot give up anything that diverts their attention from relieving poverty of the 20 million people. that is one thing. i said, can't you substitute
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long-term, short-term pain on the one aspect or long-term gain or relationship where both economies grow and he said no. we will not compromise. and then he said something else, he said we will not compromise particularly in the face of threats. and he started talking about the legacy of colonialism and china, not a big thing for us but apparently a big thing for them how they felt like they were under the thumb of the western powers, pre-world war ii, the opium wars, and he basically said, we will not lose face, so i turned to him and i said, okay. that means, there is not much room to compromise. that we are not good to get anything major. and he threw up his hands. sue can take it for what it's worth, the president is saying they want to compromise, if you're in the mindset of the chinese when you say they want
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to compromise, they don't want to compromise. >> is that -- >> if we say the chinese diplomat are saying the trump stronger, now because of whatever, the mueller probe, he would say, this is a senior chinese diplomat would say no. >> he does not want to lose faith. >> no, we will not given, they don't care the donald trump didn't get indicted by mueller. this is a totally different thing. it is interesting, we look at china china to take over the world. just so you know, that's our perspective and there's a lot of evidence in that case, looking to be motor power and huge economic power, and isis out. there say no, we want to become a bigger economic power but our main goal is not to take over the world. liz: is that while there are building islands on the south
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china sea. >> our main goal is to eradicate 20 million people in poverty. liz: that the steel or intellectual property to do that? >> in their view, the ends justify the memes. the question is, how do we protect ourselves and how do we allow them to not lose face as we protect herself? i will tell you, i don't think the threat work with them. and we shall see over the next couple of weeks, this is one person, a very scenic person's view, interpreting what he said. but be careful if you think this trade deal is done. liz: charlie gasparino. we are hitting session highs, again a 182 points on the dow, closing bell eight minutes away. it's between david and goliath. sam strobel on what david is now the place to make the bets against the giant goliath rival.
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>> liz: four minutes to go. s&p, 1% from record closes. we have made gains the past 56 minutes. as far as the dow is concerned, you can thing boeing. now the leader with call it, less than four minutes left to trade. gerri willis live from the floor of the new york stock exchange. what ceo dennis muilenburg had to say about boeing. reporter: a gas to the tank for boeing and markets broadly. the ceo had to say, he is still aiming for the fourth quarter with the reentry of the 737 max jet returning to service that is very big news fueling the stock. you know the stock is up 18% year-to-date? this is amazing. keep in mind though the european
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aviation agency will conduct its own testing. doesn't necessarily trust testing here in the u.s. muilenburg nonetheless say is the return of service, from dow jones could vary country to country. think about that. when the 737 max jet is actually flying could depend when individual countries okay this. that was out moments ago. but by and large the news for boeing very good indeed, fueling the dow rally. we're closing near the high of the day. for two days in a row we closed at or near highs. very good news indeed. traders focus on good news in the marketplace and good news from china. you can hear the excitement down here. back to you. liz: by the way, the russell now up 31 points, the biggest percentage gain of all major
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indices, two full percentage points. this brings us to the race between the blue-chips and small caps. it is next and next. the russell is edging out when it comes to year-to-date gains edging out the dow jones industrials. up slightly but both up 16%. with the rsell up 16 and 3/4%. we bring in today's "countdown" closer sam stovall whether you pick the david and goliaths or the small caps. tell us, sam. >> i think the davids could surpass the goliaths in near term. there is potential for optimism, good momentum, et cetera. the small caps were underperforming small caps for extended period. they had been emerging from a contraction area environment that a lot of technicians felt were holding back the other indices. but if you look back to 1980, the russell 2000 has gained 6.6% on average six month after the
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fed has started a rate easing cycle. so that's a potential benefit for the overall category. and if you look at something called the rule of 24, which basically says that pe plus inflation should equal 24 for the s&p small cap 600, that implies more than 20% advance in the coming 12 months versus only 5% for the subpoena 500. liz: yet you're picking big banks, jpmorgan, u.s. bancorp, pnc. we have 30 seconds left. the fed appears in contracting mode at the moment. how will that affect banks? >> banks could continue to be under pressure in general. the question was, what kind of banks do we favor right now? our analysts go for jpmorgan, u.s. bancorp and pnc financial but usually when the yield curve is narrowing, then that squeezes
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the profit potential for banks in general. [closing bell rings] liz: sam stovall, great to have you on a look at the dow, gain of 221 points. i point to the small caps with a gain of 2% as winners that do it for the "claman countdown." melissa: apple closing above one trillion dollars. the stocks on the rise, inching closer to record territory. all three major averages ending the day in the green on easing trade tensions. that's what we always say. connell: if we're up. melissa: that is what it is. the dow ending up 223 points at session highs, the longest winning streak in three months, less than 1% away from the record close as we mentioned. i'm melissa francis. >> i'm connell mcshane. nice close for the market. welcome to the bell. s&p 500 also in positive territory. the nasdaq best of the bunch of the big three snapping a three-session losing streak. melissa: we have fox business team coverage this hour. gerri willis on the floor of t
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