until the wave goes away, i guess. always appreciate it. like your backdrop, by the way, pretty cool. >> thank you. charles: we're not far off the all-time highs. liz claman, your hour has been magical this week. i mean, it is like i blink and we go up another -- we just explode to the upside. liz: yeah, but todd just took the oxygen out of the -- talk about energy. charles: that's todd. liz: that's todd. that's charles. that's liz. we're all here for you and your money. lucky seven has the markets rocking the day before friday the 13th. sorry some people hate it when i mention it. don't fear it. the dow is up 138 points up right now, aiming for its seventh straight win, longest in 16 months as president trump gives a trade freebie to china and europe central bank restarts the stimulus machine. so this gift from president trump comes in this form, a goodwill gesture to delay october 1st tariffs on 250

billion in chinese goods by two full weeks so that the chinese can celebrate the 70th anniversary of the founding of the peoples republic of china. it comes as china's commerce ministry says its importers are asking american suppliers for prices on pork, soybeans and other agricultural commodities a sign they may be preparing to buy it. also democrat candidates face off in a presidential debate in the lone star state hours from now. it will be the first time that former vice president joe biden and senator liz warren square off face-to-face. what will they say, and this is important, folks, about your social security checks, taxes and immigration? we have got a fabulous preview coming up with our political power panel. and we're going to take you inside we works controversial ipo. is the magic slowly slipping from the silicon valley unicorn

or gone? a ceo that deals with all kinds of ipos, a real insider is here with a fox business exclusive with a deep dive into the prospectus and potential profitability or losses. plus banking on baby boomers and charlie is about to break it on t-mobile's new way of fighting against the state attorneys general. less than an hour to the closing bell, let's start the claman countdown. liz: breaking news, we are just getting some dramatic footage in from houston, the site of the 8:00 p.m. debate with the democratic candidates tonight. what you are seeing here are green peace protesters who suspended themselves from a bridge. yes those are people beneath the

cars. sus pending themselves from a bridge in houston in order to protest fossil fuels. the county sheriff says while nobody has been arrested just yet, these people could face charges for blocking the houston shipping channel. as you see there, and here comes the zoom-in the cameras, you can see that people are actually hanging from the bridges every space you can see. it looks rather dangerous at the moment. we will keep you posted on anything that develops off of this story. let's get to the markets here. the bulls are around the records pasture. the s&p 500 is so close to its closing high. it needs to get to 3025. right now it is at 3017 for the moment. not waiting around are these stocks. they are already hitting all-time highs. we've got home depot, texas instruments and duke energy hitting never before seen peaks. so not a bad move at all with texas instruments charging higher by 1 and 2/3 percent some of that is trade related as the

steam comes out of the tense atmosphere of that trade war. deutsche bank initiated coverage after a stock with an outright sell, down 4%, what's behind deutsche's call? well, deutsche says it's structurally disadvantaged as the trump administration's quest for healthcare reform may wear on share prices. separately customers who use the apple card with apple pay on eligible purchases will get 3% cash back starting tomorrow. the eligible purchases do include prescriptions bought in walgreen's and also duane reed stores as well as on the app and the website, 3% back. those of you who do you promise know what it means to get money back from what you spend, great, right? the chain will also expand the number of stores carrying apple accessories, so apple gets a bump of half a percent higher but again walgreen's boot alliances is not getting any move to the upside. where to begin with oracle and

its stock slide, down 4 1/2%, off the lows of the session, but still a lot -- as the company missed on revenues after reporting quarterly results a day before schedule. the business software maker also expects second quarter profit estimates to come in betwee forecasts. -- come in below forecasts. e co ceo mark herd is taking medical leave and the founder is stepping back into the fray to lead the company. let me get to the white house. president trump's announcement that he will delay the tariffs out of respect for chinese holidays, have american retailers absolutely furious they can't get that kind of deference. american apparel and footwear associatio ceo who has talked to us right here about tariffs impact is lashing out on the president on behalf of hundreds of his retail clients. hundreds of thousands of americans including many small businesses take time out of their day and travel to d.c. to

implore the trump administration to forego tariffs. the chinese cite their national holiday and are rewarded. the up coming american holiday is ignored. business leaders are obviously still inflamed as the trade war continues to inflict damage on some of their bottom lines. blake berman at the white house. you have some u.s. businesses saying wait a minute why does the 70th anniversary of the peoples republic of china celebration matter more than us being forced to furlough or lay off workers? these are the complaints they have made to the white house. >> the argument they are making but the word i guess you could say that is coming from both the u.s. and china today is goodwill because of this decision from president trump to delay tariffs that were supposed to go into effect on august 1st, delay the increase -- i'm sorry, october 1st, delay that increase to october 15th because that would have coincided with a celebratory anniversary in china.

the treasury secretary steve mnuchin saying today that the u.s. agreed to china's request. >> the vice premier asked us to delay it and the president agreed to that. i would hope that china reciprocates, that this wasn't -- this was done as a goodwill gesture to the chinese. >> that word coming from a spokesperson for the commerce ministry who says quote we welcome the goodwill by the u.s. meantime, liz, the market today also took notice of the headline from bloomberg which says the president's advisors are considering an interim deal to delay tariffs. however, the white house has not publicly said that that is the direction in which this is heading. and mnuchin also talked up the use of tariffs. >> there's no question the only reason why china is seriously negotiating with us is because of the tariffs. so tariffs do work. it's what's brought them to the table. no different than sanctions work. and the president of course is a

negotiator, so this delay was a goodwill gesture and nothing more than that. >> china today liz also gave the impression that it could be buying agricultural products on a large scale, from the u.s. that was noted by president trump in a tweet earlier today, in which he said, quote, it is expected that china will be buying large amounts of our agricultural products, expected, liz, the key word there because as you know, we have been down this road before. liz: moment by moment, it's shifting. that's why people need us. they need you, blake. they need charles payne. they need connell and melissa, all of us here at fox business. so from tweets on trade with china to tweeting on the european central bank cutting its key interest rate, its key deposit rate, president trump blasting out this reaction. european central bank acting quickly, cuts rates 10 basis points. they are trying and succeeding in depreciating the euro against the very strong dollar, hurting

u.s. exports. and the fed sits and sits and sits. they get paid to borrow money, while we are paying interest. now, ecb president responded to president trump while explaining the government council's monetary policy decision in frankfurt earlier today. listen to how he put it. >> -- have been actually a very positive experience in terms of stimulating, sustaining and stimulating growth, sustaining inflation, but it's quite clear, and this i said several times that they have side effects. and they have negative side effects. liz: negative side effects, should president trump be careful, guys, for what he wishes? right? let's get to the floor show, and i will begin right now -- i know you are very much pushing for the fed to cut rates. the president yesterday was saying go to zero, go to

negative rates and here you have the ecb saying be careful what you wish for. >> i can't hear you, liz. i'm here with my marine corps brothers. i can't hear a thing. liz: i know that ira probably heard. let's give him a minute to get a quieter atmosphere there. ira, what do you think? >> well, i think that he's right. i think you are running out of bullets. what do you keep doing? in the u.s. we don't want to go to a negative interest rate. can you imagine the impact on pensions and everything else and in trying to get revenue together for the future? but what the president did today is he went to a pork and beans strategy, and what does that mean? instead of looking for one big deal, maybe you approach it with a bunch of smaller deals that you can get done. john bolton is done. you get rid of a hound dog so to speak and all of a sudden we are finding these little things going on. he only took off tariffs for two weeks, but it coincides with timing. it coincides with all that, and look at the hog market. limit bid today.

maybe the surprises in soybean purchases what if it's lean hogs. you have a different type of game that can go here. they need food. they're using state reserves to feed people over the holiday. maybe there's a trade deal, but in part, not a complete deal and you can always go back and say i'm not going to honor that part because you didn't honor the next part. liz: did you see that, phil? the euro is actually strengtheni strengthening, not weakening against the u.s. dollar, albeit by a tiny bit here, but if you look at, say, for example, there's always a trade, the double euro short, where you can short the euro and it has had -- the intraday picture is not a good one. if we can stretch it out to year over year. it's really actually had a decent picture, but i will tell you something, there's so many people short the euro, it makes you wonder -- there you go. it makes you wonder whether that's going to get to be a crowded trade and everybody is going to get hammered, and it will work in the opposite of how

president trump is predicting. >> yeah, you know, we kind of saw that when the federal reserve here in the u.s. started to say we're cutting interest rates. the stock markets went up every day until they actually cut rates, and then it sold off. so yeah you could definitely see that, but i think too when we get back to mario draghi and what he's doing on rates. you can criticize him, as he's walking out of the door, and a lot of people have. i think there was some expectation on the market that it would be limited and not end in 12 months. when this guy took over, we thought -- at the end of the day, there was so much turmoil and this guy came in and said hey we're going to do what it takes. and part of that was monetary policy. he sent a very clear signal to

the market that they weren't going to let the ecb fall apart financially and that was the confidence that turned things around. good by mario. got out with the way you saved the euro zone and leave the side effects for lagarde. he's a winner when he leaves. liz: we will always defer to our u.s. marines when they are behind you getting honored. i'm glad we were able to hold off for a moment there. here you are. we are looking at what phil just pointed out that mario draghi is leaving and handing over this gift in saying he promised indefinite stimulus. the u.s. doesn't need that right now. we actually have a very decent economy at the moment. what happens from now as we see the dow up 119 points now. >> this is the ballgame. i told you last week that the president was going to delay those tariffs, didn't i? liz: you did. >> with the open ended qe the money is going to flow into the

u.s. i think the fed needs to reduce fed funds rate by 25 basis points. maybe i said 50 in the past. i will back off now that the yield curve has given a little bit. we will have higher p-e ratios in the u.s. because money is going to go out of the europe, it is going to chase yield, chase value, u.s. stocks represent value. we have the only financial sector anywhere that can make any money. people complain about 17 forward looking p-e ratios of about 17, get ready for 18 1/2, folks. get ready for what's the all-time high, 10 points away in the s&p? get ready for 30 and 30 beyond within four weeks time because you will get some bad news when the october 15th trade deadline comes up. when the president and president xi decide they can't agree or can't agree as much as we like, you will get a tradeable event. it won't be the end of the world but you will be able to trade for a profit if you follow along. liz: good to see you guys. thank you for joining us. up next, what political games and power moves might unfold during tonight's democratic

debate in houston? what topics will vault or trip up the candidates and maybe your portfolio? nice ten person match up. counown coming right back. the dow and s&p moving higher. this is the family who wanted to connect... and find inspiration in new places. leading them to discover: we're woven together by the moments we share. everything you need, all in one place. expedia. doprevagen is the number oneild mempharmacist-recommendeding?

memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. "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. i know. (vo) go national. go like a pro. was in an accident. when i called usaa, it was that voice asking me, "is your daughter ok?"

that's where i felt relief. we're the rivera family and we plan to be with usaa for life. see how much you can save with usaa insurance.

liz: to houston, where minus the drama on the bridge of people dangling from it, as protests, where the stage is now set for the main event. ten democratic candidates are prepping at this hour for tonight's highly-anticipated presidential debate in texas, but which issues will take center stage because if you look back at the fist two debates -- first two debates, it was the topics that either derailed or raised candidates' profiles with voters. the first democratic debate devolved if you remember into a heated discussion over 1960's desegregation and bussing, while the second debate turned into a

full-on barack bash as the democrats attacked their own president, barack obama's legacy, but this time, could tonight's third democratic debate be about your money? specifically your social security check? senator elizabeth warren today unveiled a plan to completely overhaul and expand social security, beefing up taxes on the country's wealthy to pay for it. social securities reserve funds are expected to run dry by 2035. take this into account as well. tonight's stage in houston is just a little over 300 miles away from the mexican border. no doubt immigration policy and the wall could provide major fireworks as well. claudia edelman is a mexican diplomat now championing the cause and financial power of hispanics here in america. she is the founder of we are all human. and former ubs america's chairman and ceo and democratic power player is joining us for a conversation, a panel discussion about what's going to happen. robert, i want to begin with

you. you know, the social security program has gotten short shrift in this year's first two debates. today it may come out swinging because warren has already grabbed the bull by the horns. >> i hope the ten candidates are watching the claman count down because i think what you said right away it is about time they start talking more about the economy. all of these social issues are critical, but it is very important that people feel that the democrats are talking about wages and the economy. with respect to social security, you know, am i surprised that elizabeth warren is putting i've got a plan on social security? no, i think it is a smart thing. i'm not sure this is the smart plan. i actually would look at something more like something means tested which means the better you do, you may not end up getting social security or as much. and i think that is a bet ware to look at it -- better way to look at it. listen, i would rather have my social security go to others who are more needy, okay, than have the ability where maybe our

social security plan doesn't pay all those people who have paid into it for such a long time. the other thing, i know this is a tough thing to say, eventually maybe not in the next five years or a decade or two decades we have to look at the age of social security because people are living longer, which is a great thing. liz: and they are working longer. >> those are two different ideas than elizabeth warren. liz: claudia, you can show that latino contributions to social security and medicare and to the economy actually matter, and of course houston being right in the thick of this discussion about immigration. >> the hispanics as a fact are not only part of the population, if you put the hispanic economy, it would be the seventh largest of the world. we're young, 29 years old on average. what hispanics really care about, and i just came back from dallas on monday. i hosted the hispanic leadership

summit there. hispanic values are american values. what hispanics are going to be caring about are issues related to their future. number one, education, having access to training. hispanics are more scared of robots than migration and the border conversation is by far less important because they want to know am i trained enough? issue number two is financial empowerment, access to capital, financial literacy. and the third and most important issue that hispanics want to hear is that they are seen as makers, not takers. so i hope that the conversation today will actually address some of those issues in a place that has 40% of hispanics being in texas. >> can i just add one thing because i think what claudia said is really one of the keys of our economy. everybody can't wait to talk about how low the unemployment rate is. but what people fail to realize is the participation rate really

hasn't changed. there's 7 plus million jobs available but still have 6 million out of work. it is because of what claudia said, there's a huge skills gap in this country that we are not solving. liz: right, and again, with the economy, claudia, we talk about how social security is paid for and where they get the money. you know, it's funded by the payroll tax, half of which is paid by employees and half of which is paid by employers so hispanics to your point is going into this. but let's talk about houston and texas as a state with a very large hispanic population. >> right. liz: in some pockets of it, it is turning from red to purple. how important is the latino vote to both president trump and to these ten candidates? >> i would say texas is turning from red to purple to green. because what i learn actually this week, first of all, the hispanic vote matters. it matters particularly in texas. having the debate tonight in texas is important. texas has 40% of hispanics.

you know, like 40% of the population is hispanic and 66% are over 18 years old. what we're talking about is a state where the vote of the hispanics matter. this is not really a political issue as much as a business issue where corporations care and actually are expressing how much they want to embrace the hispanic -- you know, the hispanic population. liz: we've got to run. >> super tuesday, california and texas. okay? people don't think that is important to the ten candidates tonight, the hispanic vote, they are kidding themselves. liz: 8:00 p.m. eastern is when that debate happens. but you got it here first from claudia edelman and robert wolf. we are coming right back. don't go away. the dow is up 118 points. 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.

audrey's on it. eating right 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. 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 ght 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 aulfonylurea 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.

on it...with jardiance. spokesman: fraudsters - they're out to get your medicare number so they can bill fake claims in your good name. don't give them that chance. fraudster: just calling to confirm your medicare number. do you have your card available? spokesman: for example, if a caller says they're from medicare, watch out. it's probably a scam. don't give out your card number. and always check your claim statements for errors. report fraudulent charges to 1-800-medicare. guard your card. learn more at medicare.gov/fraud. liz: in 1976, steve jobs and two pals co founded a technology company and named it apple.

its very first product was the apple one. it was simply a build your own computer starter kit for $666.66. that company went public three years later, and the rest is history, as apple has morphed into an innovative giant with, yes, a trillion dollars valuation at this hour that gave us the mac, the ipod, the ipad, iphone and so much else. who could ever imagine this start-up that began in a california garage would turn out to be one of the names at the very core of the international trade war with china that we see today? to see the future, jackie deangelis is here with a look at the past with part four of her day-long series u.s. china trade war. how did we get here? what role did apple play in the build up to the trade war we have right now? >> it's played a huge role. we have been looking at this decade by decade. today we're looking at 2000 and beyond that's when the apple

story started. it had its first plant in singapore in 1981. but by 2004, most of its manufacturing was actually taking place in chinese factories. many of them operated by fox con. it wasn't until 2013 that the company secured the deal not only making the phones there but wanted to bring the iphone to chinese consumer with china mobile. apple shows really how important the u.s. china relationship is. tim cook has met with the president. he has talked to other ceos and they've tried to work out ways to digest what's happening in terms of china trade and really redesigning their business model. what's so interesting here is that china started out as a manufacturer, as a labor economy. it also turned into a technological powerhouse, and nobody saw it coming. we were able to sit down and talk about how technology was looked at in terms of throwing a wrench into u.s. china trade relations, over the last 40

years. he didn't see this coming. and in fact, a lot of people didn't. take a listen. >> at the time, the early 70s and really for a couple of decades thereafter, it would have been very hard to envision what has occurred now. what almost no one including the chinese foresaw that china would become a major high-tech power that was aspiring to be and in some cases already has become on par with the united states. >> so the president has been vocal about this. we have talked a lot about huawei. we have talked about 5g technology. and the question is, you know, how are you going to handle the tariffs and the trade issues and these intellectual property issues, these technology issues, liz, there were reports out today that maybe a short-term deal will put those technology issues on hold, at least for a while. liz: i wish steve jobs were here

so we could hear how he would handle, you know -- by the president who says move your production out of china. we will be win it. jackie, thank you very much. closing bell ringing in exactly -- let's call it 29 minutes right now. the dow up 110. the s&p the number to beat 3025 for the all-time high. paypal getting new credit. the move that's giving shares their best boost in months. that and much more in today's fox business brief. and everyone talks to liz claman, the pod cast, former white house director o communications anthony scaramucci who grew up on long island with immigrant parents who often heard go back to where you came from has now gone from trump supporter to basically what he calls republican pariah. he's ready for that moniker.

wait till you hear some of the things he says, agree or disagree. listen to everyone talks to liz. don't go away. it is available on apple, google and fox news pod cast. we believy 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 you'll find at fidelity. open an account today.

liz: breaking news, just one day after the 18th anniversary of september 11th, this is now hitting the tape, the trump administration and the justice department have just announced they have decided to release the name of the saudi official who

allegedly helped the 9/11 hijackers pull off their deadly attacks 18 years ago. these documents could bolster the lawsuit that many 9/11 families of victims have filed against saudi arabia. up until now, there have been -- you may remember the 28 pages that were redacted from that original investigation that the u.s. government had come out with, post 9/11. so what brought us here? the decision apparently comes -- and again this is all just breaking at this very moment -- after victims' families and others lobbied president trump to release the information. now, we also have this, we understand that the fbi, according to fox news's producers, the fbi in consultation with the attorney general, that would be william barr, has in the exercise of discretion, etc., etc., in light of the extraordinary circumstances of this particular case, de-classified the primary piece of information that the

plaintiffs in the 9/11 litigation have been seeking for years, and that would be, folks, the name of the individual identified as the third main subject in the fbi report. again, what could this do to u.s. saudi relations? could have a chilling effect, but the administration and the fbi and the doj say put out that name. the 28 redacted pages after all these years may now become available to the families who want justice. we'll bring you more on this as soon as it becomes available. for now, let's get to gerri willis and the fox business brief. >> thanks. google shares moving higher on news of a 1 billion dollars plus settlement in two tax fraud fights in france. the search engine leader agreeing to 553 million dollars fine and to pay another 500 million in back taxes as well. the billion dollars deal -- with investors though, shares are up

1.6%. paypal minutes away from closing out the best session of the month. they are getting some major credit, in the form of upgrade citing multiple drivers that remain in place to help propel the growth. analysts also boosting their price target on the shares to 118 bucks representing an $8 boost. top nasdaq performer trading right now 3.5% higher. parents of men's warehouse and joseph a. bank, getting torn to shred. investors hitting the sell button after the retailer suspended its cash dividend and issued disappointing forecast. shares plunging, look at this, down, wow, is that right? over nearly 30%. big move for taylored brands. up next, what you should be

drafting for your portfolios? claman countdown coming right back. we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea flicker. yes! how'd you know? studying my playbook? yeah, actually. 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.

shipsticks.com saves you time and money. but how do i know if i'm i'm getting a good deal? i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. everyone has something to say. but in a world full of talking, shouldn't somebody be listening? so. let's talk. we are edward jones. with one financial advisor per office, we're built for hearing what's important to you. one to one. edward jones. it's time for investing to feel individual.

liz: we got this breaking news, with 18 minutes left of trade, look at smile direct club. this is the big ipo that came out today. it sells see-through orthodontic braces or teeth aligners. it is down on its first day of trade right now by 25%. it immediately plummeted 15% below its initial public offering at the open. that would have been $23 a share. right now it stands at 17 bucks and 18 cents. this as rework now rebranded as the company is struggling to get its ipo off the ground after raising billions of dollars from private investors. its valuation has plummeted almost weekly from 47 billion to 27 billion to 20 billion and now there's word that it might be less than 20 billion.

there's word soft bank is pressing for a postponement of the ipo till the company can get things together. there are questions about we work's controversial cofounder adam newman. let's bring in an ipo insider, equities ceo is that guy, working with unicorns who are going through the ipo process. as a general picture about smile direct club, is it the timing of this? or i mean, what are we looking at? it is a bad day for them >> the market is flat to up, so it is not just the market overreacting. i mean, i think a lot of investors are asking questions about well what about this technology is innovative and what about is it defensible? and i think that's a question that they are going to have to turn around by next earnings in order to get some answers. liz: back in the day i used invisalign here comes smile direct club. unless they are undercutting prices in a massive way, what's the opportunity here?

>> i don't understand the excitement leading up to it in a way that almost got caught up in the ipo hype of surrounding technology companies that see very different growth factors and a company like smile direct club. that's we work's entire story though isn't it? their entire story is growth growth growth except they need cash to grow and now we're learning from wall street investors they will have to show a lot of growth for that cash. they are kind of caught in the cycle. liz: let's talk about the prospectus. if you don't know what that is, it is what these companies that are about to go public put out there and by requirement they are supposed to give out the blue sky scenario but also the rain and snow and hail scenario of what could happen. okay, there are a couple quotes in here that you take offensive. we are reinventing the people work and transforming the way individuals and organizations relate to the workplace. what's wrong with that? >> let me ask you this, what's their profit margin? how are they doing? they use the word mission in

their s-1 which is the prospectus, 18 times. they use the word energy more times than they use the phrase unit economics. in fact we don't even have the unit economics in their s-1 on their major properties. the thing they are saying that in two years, three years, five years, ten years, we are going to be able to turn a profit on our mature properties. they are not willing to tell investors what those unit economics actually look like. liz: in essence their business model is leasing buildings and then cutting them up and i guess, what, putting hip lighting in and then renting them to the gig economy, so to speak. >> you are absolutely right. long-term leases chop it up and rent them out in smaller blocks. that's a real estate company. i think everyone's wondering why they are getting a technology valuation, 47 billion dollars valuation, which is 26 times price to -- you know, price to sales, by the way, its closest competitor, which is a public company is trading around 1 1/2 times price to sales. liz: why not just go for reits

or commercial real estate. there's no real barrier to entry with we work except the cool name. >> cool name is a great point there. the word we is one of the trademarks that their prospectus says is worth 29 million dollars in intangible assets. liz: good to see you. by the way, there's a big ipo tomorrow, and the ceo matthew prince, first on fox business, following the pricing of its ipo, right here at 3:00 p.m. eastern, how will this do? we're coming right back. the dow is up. in my line of work,

i come face-to-face with a lot of behinds. so i know there's a big need for new gas-x maximum strength. it relieves pressure, bloating and discomfort fast. so no one needs to know you've got gas. gas-x. so here, hello! starts knowith -hi!mple.... how can i help?

a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today.

liz: a new chapter in the telecom game of phones. not game of thrones, get it? t-mobile and sprint looking to make peace with the state attorneys general that are suing to block their 26 billion dollars merger. charlie gasparino with a preview. hold on, don't interrupt me, on the magenta man, on whether he can untangle sprint merger's spider web. >> why did you call him the magenta man? >> he wears magenta, that's the color of t-mobile. >> what color is magenta? is it kind of red? >> fuchsia. does that help >> i kind of know what it is. sorry, john, if you -- he does watch us, he's probably going to send me a nasty e-mail. we know that there are -- you cannot describe what's going on now. let's back up for the viewer out there. sprint and t-mobile, the merger, the massive merger between the

two telecom giants has been approved by the justice department but it faces a significant obstacle in the state ags led by the ag of new york state is suing in federal court to still block this merger. okay? we know that the companies are taking this merger -- these lawsuits despite the fact that, you know, doj has -- you would think has ultimate say, states can bring cases and federal courts have listened to the states. they are taking this very seriously. we cannot say there are official settlement discussions, that they are not going back and forth. what we do know is this, that there's been plenty of outreach between the two parties, that the companies are trying to get engaged in who is leading the effort, they are trying to engage her. she's so far been rebuffing them. why is she doing? depends on who you are talking to, people close to her -- people close to her, they will tell you she's rebuffing them because they are not offering

any more real concessions. they may be proposing a few more divestitures -- liz: they sold spectrum -- >> dish is going to be -- they are selling enough spectrum they believe to make dish a formidable player. the state ag says we don't think dish will be that formidable. from her standpoint, whatever they are offering them in sort of the outreach sessions is not enough to start settlement concessions. the companies would say she is full of you know what. that she's just rebuffing us because she wants maximum amount of publicity. she wants this thing to go to trial. she wants to make our life miserable and get some more face time in front of the cameras. the trial date is set for december. that's where we are right now. i give you both sides of the story here. it seems to me that based on what i'm hearing now, that doesn't mean that we won't get a settlement. by the way -- or real settlement discussions. from what i understand from the companies themselves, they say

that tish james has an open door policy. she's not saying don't call me. you know, the door is open. they can engage. but she is not biting on what they want to give. one other question, one other thing i hear, and i hear this not from the company themselves, but people from the outside, there is a point that they would walk away from this deal, even in its current form. that if they really believe that the states had an existential threat to the merger and they had to give up so much, they would say enough is enough, we've done all we can do. we've made dish a competitor. we don't want to make dish a competitor where they are going to take us out. so right now the best we can say impasse, two sides are talking, although it is not quite a settlement discussion negotiation, they are talking. and it looks as of now -- it looks like as of now, this thing is going to court, trial, that trial is in federal court new york in december. liz: charlie gasparino big news on the magenta man. >> now i know what color is

magenta is. liz: we have lost a lot of the gains here. we're still up 67 points. s&p still up 11, further from the all time record high. we're coming right back with the baby boomer investment. . . 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, 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: closing bell rings in three minutes. the dow off the highs. still holding on to gains to make it seven in a row for a win streak. s&p run for a record likely will have to wait maybe a few more days. we want to get to the definition of baby boomer. merriam-webster defines it as a child born from 1946 to 1964. these are babies that followed world war ii. approximately each day now, 10,000 of them are reaching retirement age. kevin miller, chief investment officer at evaluator fund, bet on boomers to put profits in your portfolio, even if you're

not a boomer, kevin? >> i'm a boomer. i just made it. i may not look like but i am. liz: even people out this if they are not boomers can profit from it? >> the baby boom generation, 77 million, 10,000 reach retirement every day. they will continue to spend even in a recessionary period. they are not laid off from work. the bottom of people reaching that period will be recession resistant, not saying recession-proof, but it will be reduce the impact of recession because we'll not have lay offs of people who are retired. liz: we love all ages of viewers but our millenials just starting in the workplace, signed up for their first 401(k), you're saying some stocks they invest in should be partaking in spending power of the boomers. you like as we put up on the screen proctor & gamble and? >> med electronic.

liz: medtronic which of course is a medical device-maker. >> medtronic, i would looking a things pertain to the more to the baby boom generation, with medtronic with health care. proctor & gamble as we move into more of a recessionary period. we'll eventually have a recession, they will be a little bit more defensive because people need to clean their clothes, brush their teeth, shave fair face, there are things that nature proctor & gamble is very well-diversified across. for the baby boomers, or millenials something that would work really well for them would be visa. consumer spending stays strong. they will be in consumer spending mode much more so than the baby boom generation. the use of visa has strong tendency to follow consumer confidence. liz: kevin miller, saying make money off of us old fogies, anyone born before 1963 and after world war ii. thanks for you and e-evaluator

funds. [closing bell rings] dow is up seventh day in a row. broadcom earns up deck. s&p up eight points. it is not a record, not today, folks. that will do it for "the claman countdown." melissa: stocks inching closer and closer to all-time highs. all major averages ending in the green off the highs of the session. still we'll take it. the dow closing up 48 points in the green for the seventh straight day. the longest winning streak in 16 months. 100 point shy of a new record. i'm melissa francis. connell: i'm connell mcshane. it has been quite a run. faded a little bit at the end. the s&p 500 closing in positive territory for the third day in a row. nasdaq in the green up two days in a row up 25 point. melissa: we'll take it. connell: absolutely. melissa: fox business team coverage this hour. blake burman at white house, gerri willis on floor of the new york stock exchang