it builds momentum, it will be more pressure on the markets. charles: jim, david, thank you very much. sanders came out with a new billionaire tax today. so the socialists do worry wall street on top of everything else. liz claman, you have a lot on your plate as you lead us into the rest of the market. liz: i would think so, folks, everyone needs to stay tuned right now to this final hour of trade because the markets are running a constantly changing gauntlet trying to duck and weave around the political whip saw at this hour. right now we are heading lower after the washington post says house speaker nancy pelosi will announce that the house will launch a formal impeachment inquiry. you can see the markets right now are moving down on that news. we are expecting an official announcement from speaker pelosi 5:00 p.m. eastern. now the news sent markets immediately lower, following president trump's tweet, that he would release, quote, the complete fully declassified and unredacted transcript of this phone call in question, the phone call with the president of

ukraine that during which, it is alleged that the president discussed joe biden, his chief rival on the democratic side. the president has admitted that too, but now the questions swirl at this hour, what exactly was said and was money withheld? right now we have the dow down 159. the s&p down 25. look at that, nasdaq getting clobbered here down 115. that call on the phone is what is leading prominent democrats to increasingly call for the impeachment of president trump. maybe including former vice president and 2020 democratic presidential candidate joe biden, he might join that chorus. he is expected to address the issue at any moment. we do have some clarification coming in on what it would take. he does have a line he says this inquiry would need to pass, the scale. on the grand stage of the united nations, the president was focused on slamming china, saying the country is gaming the system and failing to reform its

bad trade ways. he claims he will not accept a bad deal with china, and the president also blasted iran's quote -- [inaudible]. he accused social media giants as well of silencing the voices of the people. former u.s. ambassador for political affairs at the united nations, is here exclusively. what he will do is pick apart the headlines and find out which ones matter to your portfolio. and vaping deaths are mounting as a government crackdown gathers steam, but try being a successful start up, everybody rushing to buy your product and then the entire world threatens to yank it out from under you. that's what an e-cigarette liquids maker is saying. charlie's chalked up ceo is here in a fox business exclusive to make his case. plus it was more than just smoking weed on a private jet

that just got the ceo of the most talked about ipo booted from the top job. but he is ready to pull out the invisibility cloak. charlie breaks it. less than hand hour to the closing bell -- less than an hour to the closing bell. let's start a very busy "claman countdown". yes the markets are dropping at this moment, but in the meantime, at this hour, the speed at which the ceo of we work went from charismatic leader to virtually powerless has left even wall street and silicon valley veterans shaking their heads. just half hour ago, after wild cries and accusations of all sizzle and very little stake, we works founder and ceo adam newman officially flamed out as ceo of the shared office space giant. this after days of blistering criticism that newman was using we work to enrich his own bank

account to the tune of millions, criticism that deflated the pre-ipo value of the company by plus 50%. the board took the proverbial keys from the c suite away from newman. he will be allowed to remain as nonexecutive chairman of the board at we work parent we company but now it is up to we works former co president and cfo, along with former vice chair to get the ipo initially valued at 47 billion, but plum meting to 20 billion -- plummeting to 20 billion back on the rails. the reason we're leading with this is it is a stunning and swift end to his leadership all triggered when potential investors red through the pre-ipo -- read through the pre-ipo declarations. revelations over the weekend on drug use on private jets sealed his fate. speaking of stunning and swift, look at stocks, they are roller coaster mostly down at this mont. right now we are lower by 151 points for the dow. we should mention that we had been up 129 points, but

washington post, this is what turned it around reports that white house speaker nancy pelosi is set to announce formal impeachment inquiries today in to president trump and his dealings with ukraine. if you look at the intraday chart, because it wasn't just that, for the markets here, first the markets tricked over and this was around 10:30 weaker than expected consumer confidence report, that's where you see on the left hand side of the screen start to come down. then the markets outright face planted at 12:15 p.m. when headlines of possible impeachment sent stocks into a tailspin. if you look at the ten-year treasury, it fell to a two-week low almost exactly at that point, but it has recovered a bit along the way. right now the yield is at 1.64%. again, we try and remind people the ten-year yield is a reflection of a rush to safety. when it is going down and the price of a bond goes up, that means people are going into the safety of treasuries because they are nervous. now, let's get to 2:13 p.m. eastern.

this after president trump tweeted his plans to declassify that transcript of his phone conversation recently with the ukrainian president. you can see just around that point, the markets tried to come up off the floor. they did because the low of the session was a loss of 245 points for the dow. but then you can see we appear to be heading back down. now, we've also been waiting to hear from former vice president joe biden. he of course a candidate for the presidency on the democratic side. today we've already heard from senator bernie sanders as well as other power players, all talking about impeachment. but investors are going to be watching this woman on your screen, house speaker nancy pelosi and what she will say precisely at 5:00 p.m. eastern. that is when she's expected to make a statement after meeting with key committee chairmen who are leading investigations into president trump. they are having a 4:00 p.m. full caucus meeting, so 5:00 p.m.

eastern. until then the markets are extremely jittery. anything could happen here. they are nervous. but why? there's been a lot of talk of impeachment over the past but what is it specifically here, and what does it mean when it comes to your portfolio? to our floor show, we saw reflection in the ten-year yield. are there other flights to safety that you would think might be worthwhile at the moment? >> not at this point because i think this is just the one headline of the day that everyone is looking at. i don't think this is this major headline that's going to continue to be market moving. tomorrow it will be something new. yes, this impeachment talk has been escalating more and more, and i thought it was quite curious that ms. pelosi says she's going to have a press conference today at 5:00 and soon after that the president says i'm going to release the full transcripts for everybody to read. a lot of he said/she said that's going on. why would he want to release these transcripts if there's something that will incriminate him? the dems are looking for something to hold on tonight. i think this is normal reactions

we're seeing in the market. normal calendar we have in this week. nothing glaringly stand out. i think investors will focus on this as the only headline that's out there. next week, end of the month, end of the quarter. week that have we will continue to talk about china u.s. talks. this is the one highlight right now. liz: alan, let's put politics aside and more towards the investment piece of this. as you see, very very sensitive movements in the markets with headlines all over the place here. you know, how does an investor play this? >> well, you want to focus on price and percentages, not points. so you can see this morning we were three quarters of a percent away from the all time forever top, and now we pulled back a little bit, now down three quarters of a percent on the day. nothing catastrophic. to finish the previous point, i think this adds a little level of certainty because this impeachment inquiry thing has been an issue here for the last weeks, kind of in the

background. now it's a done or looks like to be a done deal. markets can move forward. we've got earnings coming out. one thing that didn't happen today, we did not have the dollar rally. the dollar's been in a one point range sideways now for the last three weeks or months. it hasn't been able to make new lows or highs. you are not seeing a flight to the dollar. that's showing there's not as much fear out there from that headline that you talked about. liz: right. for folks who are listening on xm 113 in the car, we should show you that it is utilities exactly what alan says. utilities are a real flight to quality. they have a great dividend at this point. flynn, what are you seeing in the flows? >> we saw gold too. i mean gold had a nice pop after the headline. gold was a little bit weaker. it's been the safe haven, the choice for a lot of reasons, people that are worried about the stock market. they are worried about recession. they're worried about low yields and gold has been a place. silver yesterday. gold today, adds that safe haven. i will tell you what the market's reaction tells you

pretty decisively that the markets don't like this impeachment call, and they don't like the possibility in this race that president trump could leave office. look at the market's reaction to that. very very clear. to be honest with you, i think a lot of the traders are tired of this impeachment stuff. it's been going on for years and years. let's get through it. there's an election in two years. we do believe that the release of the transcript is a strong sign that this is going to be a nonstory and a nonevent. liz: let's just clarify. you will watch the markets move if there are multiple redactions. i think that the markets would be much happier if there was an outright audio release of this, but we won't know, to our traders we will not know. did you see silver you guys $18.51? the metals are certainly an interesting place. great to see all of you. john, alan, phil, there's silver, intraday highs right now. while we wait, former vice president joe biden, french

president emmanuel macron is speaking right now in front of the u.n. general assembly. we are also waiting for japan's shinzo abe and the u.k.'s boris johnson, all of these names have the potential to make news that could affect the markets, whether it be trade or anything involving the european union and brexit. so as the headlines come in, we're going to be watching them and we will be watching the markets too. check here, dow jones industrials down 15 points. -- down 157 points. japan's foreign minister and u.s. trade representative robert lighthizer have completed talks towards the signing of a new trade treaty. the two met in new york for roughly an hour to discuss the contents of a joint statement that is expected to be made, when japanese prime minister shinzo abe and president trump actually sign this trade agreement, possibly tomorrow. now, let's look at the stocks that could be affected. japanese auto stocks on the news, both are down. remember, autos are a big issue

here. we're wondering whether some tariffs were at least diminished or outright banished. we will see. toyota is slightly higher by three quarters of a percent. let's get to the u.k. prime minister boris johnson under fire. he did meet with president trump earlier, but he cannot seem to escape his brexit woes. boris johnson unanimously smacked down by the u.k.'s highest court which accused him and agreed that he had acted unlawfully when he suspended parliament for five weeks, inviting new challenges to the brexit strategy. look at the pound sterling here. it spiked on the news that the supreme court had accused johnson of misusing his authority to advise queen elizabeth to agree that he should suspend parliament and that it was to his advantage. and the investment possibilities are important here, kristina. you are live at the united nations where the action is

taking place; right? >> yeah, it seems the common theme with the president right now is brokering deals with individual nations. earlier this morning when he gave a speech to general assembly, he focused on certain nations like the u.k., japan as well. listen to his comments. >> tomorrow i will join prime minister abe of japan to continue our progress in finalizing a terrific new trade deal. as the united kingdom makes preparations to exit the european union, i have made clear that we stand ready to complete an exceptional new trade agreement with the u.k. that will bring tremends benefits to both of our countries. >> liz, like you mentioned, there is a lot of drama circling the prime minister boris johnson given the supreme court has ruled postponing parliament or at this moment is unlawful, but despite that, despite the drama, you had both leaders meet in a trade agreement or a bilateral

meeting, i should say, later this morning. what they spoke about was about creating a trade agreement post brexit on october 31st. listen to their comments. we don't visual for that. what we n do is we can circle back to japan because that's on the docket for tomorrow. japanese prime minister abe is expected to focus on two things, one brokering a trade deal with the united states and then the second thing too is iran. japanese officials are expected to have abe tell the president not to increase tensions with iran because they rely so heavily on imports -- energy imports from the region. abe and rouhani are expected to meet tomorrow and then abe and president trump also expected to meet. lots on the docket. more news to come. liz: kristina partsinevelos thank you very much. the debate over whether to own

snap stock is sporting ae bullish filter, with the closing bell ringing i 45 minutes. the latest brokerage to unghost the social media name upgrading shares to a buy on snap chat's ability to reach younger users. it is down 1/2 percent. the first public comments since the reveal of a latest project, the report named after the evil dark lord of harry potter. he's about to spell out facebook, his competitor's aggressive tactics towards him and his company. we're on it. plus patrick burns deep state -- [inaudible]. charlie breaks it coming back.

we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. it's what gives audible there'smembers an edge.ening; it opens our minds, changes our perspective, coects us, and pushes us further. the most inspiring minds, the most compelling stories: audible. why accept it frompt an incompyour allergy pills?e else. flonase sensimist. nothing stronger. nothing gentler. nothing lasts longer. flonase sensimist. 24 hour non-drowsy allergy relief [upbeat♪action music] (pilot) we're going to be on the tarmac

for another 45 minutes or so. [inaudible]. devices are like doorways

that could allow hackers into your home. 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.

liz: breaking news, here's what we're waiting for, we are awaiting former vice president joe biden. he is expected to call for the impeachment of president trump, if and here's this line that's apparently been set according to the biden people, if the president does not comply with congressional requests for information related to ukraine and a phone call he had with the ukrainian president. there's some question about 391 million dollars in aid that was withheld from the ukrainians as president trump was apparently and even president trump admits this talking to the president of ukraine about investigating joe biden and his son on alleged corruption. so what we're going to do is keep an eye on this because folks, here's why we do that, this type of thing can affect the market. we have already seen it. we've seen the markets move lower on news that nancy pelosi, the speaker of the house is

going to make an announcement at 5:00 p.m. on whether there is an official inquiry into impeachment that might be opened. in the meantime, with our camera on that, we have our cameras on another company, stuck in their own political drama, overstock. shares are rebounding today. okay, we're up 5 and 2/3 percent but rebounding from their worst session in a decade, plum meting more than 25% yesterday. the on-line retailer's trailing to scratch back some of that here. the carnage coming courtesy of another leadership departure. this time the chief financial officer greg iverson. that was yesterday. stock still down 21%, you know, plus the on-line retailer did slash its earnings guidance, a whole mess here. but brokerage davidson undeterred reiterating its buy rating on the stock and endorsing new ceo jonathan johnson. can johnson heal the wounds left by ceo patrick burns somewhat shocking exit? to charlie gasparino. >> listen, i have spoken with

him. he did not call me back today. the company has gone somewhat under -- this concerns me when a company doesn't return your calls after an open dialogue, and, you know, just so you know, they have not returned multiple calls that i have made to them, e-mail messages after they -- jonathan johnson because i spoke with him not too long ago. he professed he will have an open dialogue with the press. he hasn't called me back. that's concerning. what's really concerning is the chronology here. patrick burn who is on the screen sells all shares, totally out. he says he's leaving the country apparently. he tweeted this out. you know, you just don't know what this company faces. the ceo sold his shares before they warned the street about earnings being -- warning that earnings were going to be depressed. i mean, i'm not saying that's insider trading, but that's usually what causes the sec to say okay, mr. ceo and company, what do you know? when do you know it? i mean he sold. i mean he sold all his shares --

liz: his foundation has filed to sell 119,000 shares of overstock. they are really getting out. >> right. so i'm saying his sale occurred before the announcement came out yesterday. liz: uh-huh. >> and then we should point out that mr. johnson told me that, you know, the investigation by the sec into the disclosures about their crypto currency which they filed a form today, a new crypto preferred stock, they filed with the sec, he told me that the sec investigation into the disclosures about that is, you know, basically dormant. you know, i'm just saying, these are folks that make a lot of public statements. they raise the eyebrows of the street. usually when that happens, liz, the sec comesckr they ramp up their investigation. so i would just say this is -- i wish they would call me back because when a company goes underground like this, it makes me think they are hiding something. liz: for people who just landed on planet earth, overstock's

founder and of course a very colorful patrick burn -- >> liked the guy very much. liz: had said he was pushed by the deep state to get involved with the russian spy -- >> and he was involved in the investigation with the russian meddling in our election according to him. so he resigned. liz: the stock had done well because of his crypto mention. look at bitcoin right now and of course bitcoin is around $8,000 and change. it had been around $12,000. let's listen in to former vice president joe biden. >> -- was at risk. events in recent days have made that even clearer, not only to me but i think everyone. we have a president who believes there's no limit to his power. we have a president who believes he can do anything and get away with it. we have a president who believes he's above the law, pursuing the leader of another nation to investigate a political

opponent, that is not the conduct of an american president. the allegations that blocked hundreds of millions of dollars, he'd blocked hundreds of millions of dollars in congressional approved aid to another country is an allegation, unless he agreed to smear a political opponent is not the conduct of an american president. denying congress information which it is constitutionally entitled to and obstructing its efforts to investigate actions is not the conduct of an american president. it is an abuse of power. it undermines our national security. it violates his oath of office. and it strikes at the heart of the sworn responsibility a president has to put national interests before personal interests. i know when i decided to run, this president would attack me and anyone else who he thought would be a threat to his winning

again. well, that's what he does. that's what he's always done. even though every reputable publication has looked at the charge that has been made against me, they found it baseless and untrue and without merit, that's not about to stop him. i can take the political attacks. they will come, and they will go, and in time, they will soon be forgotten. but if we allow a president to get away with shredding united states constitution, that will last forever. too many people, too many good decent people have taken the oath to this nation and given their lives over the past 243 years to let that happen. too many people are serving this nation right now and honoring the oath they have taken to let

that happen. this isn't a democratic issue. or a republican issue. it is a national issue. it is a security issue. it is time for this administration to stop stonewalling and provide the congress with all the facts it needs, including a copy of the formal complaint made by the whistle-blower, and it is time for the congress to fully investigate the conduct of this president. the president should stop stonewalling this investigation and all the other investigations into his alleged wrongdoing. using his full constitutional authority, congress should in my view demand the information it has a legal right to receive. the congress does not and the president does not comply with such a request from the congress, he continues to obstruct congress, donald trump will leave congress in my view no choice but to initiate impeachment. that would be a tragedy, but a

tragedy of his own making. i've always believed and still do that america is a truly special and unique nation, better than any other nation in history. we have the made the experiment of self-government work. we've always been a beacon to other countries around the world. we know who donald trump is. it's time to let the world know who we are. thank you very much. liz: vice president joe biden used the word if, okay, he did come straight out and say that the democrats should start an impeachment inquiry. he said if the president does not comply and continues to, quote, obstruct congress's investigation, into a phone call that the president had had with the ukrainian president, during which apparently there was some discussion about joe biden and

his son and corruption and whether ukraine should investigate joe biden who is of course a chief rival of the president's, then that would constitute pushing for impeachment. as you see right now, the markets aren't exactly at session lows. for a moment there we went down about 196 points, but i remind you for the dow, the low of the session is a loss of 245 points. the s&p went down about 30. we do have it down 27. low of the session, a loss of 34. so we're not plumbing the depths at the moment, but these intraday pictures really kind of effectuate exactly what we see with this headline. joining us now is the man who was the u.s. ambassador for special political affairs at the united nations, under president george w. bush, stuart holiday has just gotten in the chair. we had the united nations general assembly happening just across town here. the president spoke today, but let's tackle the breaking news

right now. joe biden said it is not a democrat or republican issue here. it is a national security issue if president trump is trying to utilize foreign leaders to fight against his own rivals here in the united states. >> well, i think it is unprecedented, again, the situation we're in, and it will really come down to the question of what's in the transcript and whether this aid, the stall of the aid to ukraine was something linked to the call or linked to president biden or was it part of perhaps an overall review of how much contributions were being made or a rescission to foreign aid more generally. that's going to be very interesting to see how it plays out. liz: let's just be clear, that the allegation is the president donald trump, he actually did withhold about 391 million dollars worth of aid that would have helped ukraine defend itself against the russian separatists eventually they got the money but the timing is a little suspect apparently. and even president trump did say

he did discuss joe biden. why he's discussing his rivals with ukrainians is another question. >> very unusual. liz: we bring it back to the business angle here. the markets are very jittery now. does that surprise you? >> no, not at all. there are a lot of things happening at once, you saw the president's speech on the u.n., be very tough on china. there's a lot of nerves. there's also the question of if there is some sort of impeachment inquiry, a process, what happens to u.s. -- you know, the new nafta, if you will, and the other trade deals? so there's a real concern about whether there will be more obstruction, less things will get done, and i think all these things are coming together right now to contribute to uncertainty. liz: let's talk about trade ambassador. as you look at some of the intradays here, we did see a bit of recovery when the president said he would release the transcript, but there's so much concern about this protracted trade war between the u.s. and china. now steven mnuchin the treasury secretary has said there will be meetings beginning of october, where they will discuss these

things, but that's a narrative we have heard before. we have seen the movie kind of come to an intermission constantly. >> you know, i think there are these short-term fits and starts. you saw the delegation of china cancel their vis here this week that was coming to look at our agricultural sector. liz: the administration is saying they asked the chai -- the chinese to cancel. >> right. i think the president does want a deal prior to the election and i think this is something that's a big factor for him. and i think the chinese know that as well. it may not be the deal that everybody hopes for but i think there's still reason to be cautiously optimistic we will get something done. liz: yeah, the ends justify the means, whether it's politics that's driving it or actual interest in exactly what we get which i believe president trump is very focused on making sure that the landscape is much more level. >> especially on intellectual property. that's the major issue i think one of the major issues, the

forced technology transfer, that's really got to end. liz: i know you are probably not in the guessing game here. pelosi, the speaker of the house is supposed to speak at 5:00 p.m. eastern, our markets as you can see in the red. you can see safety types of investments, golds and treasuries, people are piling in there. what do you think she will say at 5:00 p.m.? >> teinteresting the timing of s release of the transcript for tomorrow. if you are her, you are probably setting a marker down that she may pursue -- she's meeting with a broad array of members that you may pursue depending what's in the transcripts and the linkage to the foreign aid decisions. i don't know if it's a full-fledged announcement, but it is certainly a marker. i think they are moving in that direction, but i would expect her to leave some wiggle room to see what we get tomorrow. liz: we're watching the ten-year yield tick down another basis point here. when we started we were at 1.65%. we're at 1.63%.

stuart, lovely to have you. >> thank you very much, a pleasure. liz: closing bell ringing in 28 minutes. if you think tariffs are a killer, try the threat of every country on earth banning your only product. that's the reality charlie's chalk dust is facing. the fast-growing vaping maker saying his product is not like the others. the ceo will talk about keeping his business from vaporizing. imagine a world where

nothing gets in the way of doing great work. where an american icon uses the latest hr tools to stay true to the family recipe. where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. where the nation's biggest party store can staff up quickly as soon as it's time for fun. this is the world of adp. hr, talent, time, benefits and payroll. designed for people. each day our planet awakens but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward.

it's simply a matter of following the signs. they all lead here. cme group - how the world advances.

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 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. >> you may have read juul's ceo address the epidemic in the recent time magazine article by saying blank happens. well, blank happened to my family, and i'm joining the movement of moms who are parents against vaping e-cigarettes and saying enough is enough. our kids should not be the guinea pigs. these products flooded the market without anyone knowing how they would cause damage and now we're trying to clean up a mess that involves a cocktail of mystery toxins in flavors, devices that are easily tampered with and a generation of teens that are addicted to nicotine. if this was romaine lettuce, the shelves would be empty. liz: that was ruby johnson on capitol hill hours ago.

her daughter got severe lung illness from vaping. this as u.s. health officials are still struggling to identify the exact cause of a deadly vaping illness that's killed now nine people so far and has sickened at least 530. now you saw it on the hot seat on capitol hill. we're just getting this breaking news right now, that massachusetts governor has declared a public health emergency and will now impose a four-month ban on the sale of all vaping products. our next guest says a ban on the flavors would have a major impact on his business, and it shouldn't, and he's here to say why. he's the ceo of oneover -- one of the largest vaping brands in the world, charlie's chalk dust, brandon stump is joining us for a first and exclusive reaction to what is happening right now. massachusetts is banning vaping for four months. brandon, what do you make of the governor declaring a state of

health emergency? >> hey, liz, thanks for having me. it is no surprise to me that we're talking about flavor bans and how it's appealing to the youth. i think the conversation between flavors and youth needs to be replaced with the access issue. so this is not a flavor issue. it is an access issue. one way that we can control the youth vaping population is by digital age verification technology, raising the age limits from 18 to 21, removing the sale of nicotine vapor products from convenience stores and replacing them only available at vapor shops. liz: okay. i get that. in a perfect world, everyone would follow the rules, but let me just get to this. are your products sold in the state of massachusetts? >> absolutely. liz: now what? what is your first reaction to the governor declaring a state of health emergency and banning these products for four months? >> it is no surprise that there's a state of emergency. there's a false narrative going on here between flavors and these casualties to black market

thc cartridges. there's 44 million vapors around the world. this is just happening here. nothing has came out anywhere else. it's pretty safe to say that something new has hit the market. liz: and that might be the vitamin e-laced vaping liquids that seem to be what are popping up in some of these cases of severe illness or death. you say you don't have any vitamin e in any of your flavors which range from names like peanut butter and a bunch of other very creative names here which to me would be quite interesting to young kids. that becomes the question, brandon. >> 95% of the people that quit smoking cigarettes through the use of vaping have done it through the use of flavors. one of the things that's not being talked about in the news right now a settlement agreement that happened in 98 between 46 states and the four largest big tobacco companies.

they were being sued for appealing to the youth and causing health problems. in a settlement agreement they agreed to pay the states over 200 billion dollars in the first 25 years. that's all good as long as the sale of tobacco products kept going up. what happened in 2013 is that the united states of america decreased their sales of tobacco cigarettes by 1 billion packs. and in that same very year, the sales of nicotine vapor products doubled. so the states that actually went out and put bonds on wall street to take their money up front from the seller agreement are scrambling right now because they are not going to be able to pay those off. one way that they can do that is to use the youth vaping and to use the casualties from these other vapor cartridges to allow them to straight up ban the category, and what happens when you ban the category in states like massachusetts and new york and california, which they are doing right now? is the sales of combustible tobacco goes up. as long as the sales go up, then the commission is going up. liz: brandon, we have to run, but can you guarantee that your

product is safe? i mean has it been appropriately tested? >> what i can tell you is that 500,000 people are going to die this year from smoking combustible tobacco. liz: that's not an answer. >> why aren't we talking about banning cigarettes? liz: that is an excellent question. you know, you had a mayor here. mayor bloomberg who really wanted to do that and he got them out of the bars, but i guess i just want to know what about the safety of your product. >> president trump needs to step in and do what he does best and make a swift decision that benefits the american people. right now what we're talking about is getting rid of the solution to the problem and keeping the problem. liz: would you stand by president trump if he banned it? he's against smoking big-time. >> this needs to be a federal decision. the states don't have the ability to make the right decision. they want their money so they can pay back their bond. the only way they can do is banning this category in full so the sales of tobacco goes up. liz: brandon, an interesting perspective. you are welcome here. we know this is an emotional topic and the news --

>> donald trump, you want to make america great again? here's your shot. liz: by the way we do hear brandon there's some headlines about juul right now that are moving at the moment. juul is preparing to restructure and that means job losses. so they have 3,900 employees. they have been adding hundreds of staffers but maybe they are beginning to slow hiring, according to dow jones. so we have altria shares turning negative at the moment. again, we want to thank brandon stump of charlie's chalk dust. dow is down 177. we're coming right back. please stay with us. ng lipids like very high triglycerides, can be tough. you diet. exercise. but if you're also taking fish oil supplements, you should know, they are not fda-approved, they may have saturated fat and may even raise bad cholesterol. to treat very high triglycerides, discover the science of prescription vascepa. proven in multiple clinical trials, vascepa, along with diet,

is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33%, without raising bad cholesterol. look. it's clear. there's only one prescription epa vascepa. vascepa is not righevert for ne. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish or shellfish, have liver problems or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2.3% of patients reported joint pain. ask your doctor about vascepa. prescription power. proven to work.

liz: as we await, snap ceo who is about to speak out against facebook since the news of his company's dossier compiled on rival facebook and its underhanded tactics came out right now look at the tech

titans, specifically, amazon facebook and netflix are just getting crushed. netflix is the worst here. netflix isn't even on that screen. if we could put that up, you would see it is down by far the most when it comes to percentages here. it is down about 4.6%. facebook down 3 full percentage points, maybe ahead of the evan spiegel situation. the nasdaq is down 122 points. now, lawmakers are pondering whether big tech snaps up smaller competitors, chews them up, spits them out and then sticks their heel and crushes them. of course that means are they hogging unfairly the digital marketplace? let's get to hillary vaughan with this ongoing d.c. versus big tech story. hillary? >> we just heard from senator josh holly who brought up the project to the bruce hoffman who is testifying before the senate judiciary committee in this digital platform competition

hearing and hoffman told holly that information like that, that snap allegedly has on facebook, that they tried to force their hand into selling out and then threatening, basically to use a number of tactics to copy their platform if they don't agree to sell to facebook. that's exactly the information that they are looking for as they are pursuing a number of probes into anticompetition questions surrounding digital tech firms. that's an interesting nugget. we also are waiting to hear from snap ceo evan spiegel who is expecting to take the stage. he might have some remarks or being asked some questions about this project, that they aejedly -- allegedly have on facebook. we also heard from the vp of global affairs say this, quote, but one of the things i find striking is that the only

jurisdiction where the debate at the moment is focused on a possible prospect of breaking up facebook, or indeed other big tech companies, all together is here in the united states, so perhaps that's a dig on the ftc probes coming from here on capitol hill that they are looking at breaking up these companies. liz? liz: it's interesting because what timing snap got an upgrade today, and the stock had been higher. it is now swamped. it is down about 1/2 percent. but it was a great day for snap. now it's kind of following facebook. although facebook is down in a more outside fashion lower by about 3%. hillary, thank you. let us know as soon as evan spiegel begins to speak w. the closing bell ringing in about 10 1/2 minutes, the dow is down 138, coming back up off the floor. nike is a dow component and its controversial colin kaepernick's ad winning emmy gold.

will the athletic apparel maker be able to turn an award worthy presen after the bell, that's right time for earnings. we have your runner's guide to all things nike. that's next. "the claman countdown" is coming right back. 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. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro.

- [awith doilies and tifancy mustaches. 5-hour tea time starts when a client says, "i want the mona lisa." 5-hour tea, get a boost from a unique energy blend with caffeine from green tea leaves. - i can't have an off day. "oops, sorry," no. i have to be perfect. yeah, so, i grab a 5-hour tea, and i stay energized. - [announcer] go to 5hourtea.com to buy a week's supply. get the boost you need or get a full refund. let others start their tea time with knee-high socks and bagpipes. 5-hour tea time starts when you say, "we have to be better than the stevensons this year."

5-hour tea, b vitamins, amino acids, caffeine. - you wanna be great at something? you gotta work for it. in an already jam-packed day, it's great to have such an easy little boost. 5-hour tea keeps me feeling energized, and it keeps me dancing, until at least one of us gets it right. - [announcer] go to 5hourtea.com to buy a week's supply. get the boost you need or get a full refund. - time for a cheer! - [announcer] while some tea times start with-- - give me a t! (crowd cheering) 5-hour tea time starts when your trainer says, "give me another 10 sets." 5-hour tea, four calories, zero sugar, zero artificial colors. - i don't know why i started this hard of a workout. i'm definitely not always up for it. but with 5-hour tea, i can get going. and i feel phenomenal when i walk out of the gym. - [announcer] go to 5hourtea.com to buy a week's supply. get the boost you need or get a full refund. 5-hour tea, get a boost from a unique energy blend,

with caffeine from green tea leaves, amino acids and nutrients, combined with b vitamins, zero sugar, and zero artificial colors. go to 5hourtea.com to buy a week's supply of 5-hour tea. that's a week of more get-up-and-go, feeling alert, and more energetic. if you try it, and you don't think 5-hour tea gives you the boost you need, you'll get a full refund. go to 5hourtea.com. liz: with the closing bell less than 7 minutes away, nike is set to report earnings, yeah, very soon, did you know that over the last two years, nike has beaten earnings per share estimates 100% of the time? gerri that is fascinating. they are doing something right over there. >> yeah, that's right. that means all the time if they beat 100% of the time. here's what we're expecting eps estimates 70 cents a share. you can see the stock is trading

down ahead of the announcement. revenue estimate 10.44 billion. that's what we're looking for, but look it is going to be about reading between the lines china is what nike investors are hoping to get some kind of clarification, some kind of clarity on what happened to china sales? it really matters to nike what happens with that marketplace. i'm being wrapped right now. i know you are short of time. liz, back to you. liz: thank you. after the bell nike everybody stay tuned for that. closing bell ringing in 6 minutes. up next, from all the impeachment chatter over the past couple of hours to trade war fears, our countdown closer has some picks he says will turn market lemons into portfolio lemonade. he's up next. the dow is down 143. ♪ ♪

♪ i'm working to treat every r like i treat mine. adp helps airtech automotive streamline payroll and hr, so welby torres can achieve what he's working for. 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 . . shipsticks.com saves you time and money. make it simple. make it ship sticks. shipsticks.com saves you time and money. their medicare options...ere people go to learn about before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan!

well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised to learn that one. a medicare supplement plan helps pay for some of what medicare doesn't. that could help cut down on those out-of-your-pocket medical costs. call unitedhealthcare insurance company today... to request this free, and very helpful, decision guide. and learn about the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. this type of plan lets you say "yes" to any doctor or hospital that accepts medicare patients. there are no networks or referrals to worry about. do you accept medicare patients? i sure do!

see? you're able to stick with him. like to travel? thisind of plan goes with you anywhere you travel in the country. so go ahead, spend winter somewhere warm. if you're turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. thumbs up to that! remember, the time to prepare is before you go on medicare! don't wait. get started today. call unitedhealthcare and ask for your free decision guide. learn more about aarp medicare supplement plan options and rates to fit your needs oh, and happy birthday... or retirement... in advance. ♪. liz: it has been quite ajit terry ride. look at the markets, we do have

the dows off session lows. nasdaq that is getting smacked in an outsized fashion fashion down 116 points. as we're an hour and two minutes away from speaker of the house nancy pelosi about to make her announcement and we think it is related to potential impeachment proceedings, charles lemonides is joining us with picks you feel help ride out these very big bumps. >> we're in the funny place in the market environment where we could go in either direction. there is tremendous crosscurrent. what do you do about it as an investor? if you be sure the way the market will go, you're making a mistake. if you step back, i could buy qualcomm, i could buy goldman sachs, i could buy apple. i could buy comcast at great valuations. a year from now whatever ended up happening this month in the market won't matter as much whether those companies were good buys today. liz: you want to buy best in

class, this is kind of buffettesque, correct? >> we're given an opportunity to buy best in class at really good prices. that is not always the case but right now we're getting a bunch of different names, different from each other, that are really well-prized because the markets are at a tremendous churn in the past. if you do the homework, you figure out which ones are the right ones, not matter so much what the market does 12 months from now. it will matter next week. liz: qualcomm, mohawk, united natural foods are definitely the right place. as we have a few seconds left do you recommend people sit tight on days like this? >> you better be sitting tight on days like this. the risk isn't that we go down 5% over the next week of the risk as earnings come out next couple weeks and we see the market rally five to 15% higher f the market goes down 5%. six months from now will likely recovered that. you will have ridden it out.

if you invest now -- [closing bell rings] goes up five or send% you capture that, that doesn't matter. liz: charles lemonides. thank you so much. green on the screen. market close off session lows. nike earnings up next. melissa: new calls for impeachment hitting lawsuit, after democrat john lewis called forgain the president beginning right now. nancy pelosi is speaking with the house democratic caucus. the speaker will hold a news conference following that meeting, which we'll bring the moment it happens. the dow closing down 137 point off the lows of the session after president announced he will release the transcript of his phone call with the ukrainian president without any redactions. the s&p 500 and the nasdaq both closing in negative territory for the third day in a row. i am melissa francis in