charles: timbuktu. check it out. >> does it have a stamp at sundance? charles: all the stamps. >> i'm in. i'm in. charles: down 162 points. saber rattling on both sides now, ashley webster. ashley: here we go again on a friday. thank you very much, charles payne. the question is, are we looking at a trillion dollar escalation in the china trade war? reports today that the trump de-listing chinese companies from u.s. stock exchanges, companies like alibaba, which ipo'ed in 2014 on the new york stock exchange as the biggest global ipo ever. stocks dropping instantly today, around 10:40 a.m. eastern. shaving more than 100 points from the early gains. chinese stocks listed in the u.s. and trade-sensitive stocks also turning negative on these headlines. it's all part of a bigger move to limit u.s. investments in the world's second biggest economy.

the trump administration says it is not related to the trade war, but apparently markets disagree, at least with all the uncertainty. there are many more questions ahead. can the president even do this? is it legal? what should shareholders do? our experts and traders are standing by right now, stocks just off the session lows. the dow off 152 points, the s&p and nasdaq also down 1% on the s&p, more than 1.5% on the nasdaq. meanwhile, house dems meet with u.s. trade representative robert lighthizer on capitol hill today, making new demands in order to proceed with a vote on the usmca trade deal. we will be going straight to d.c. for the very latest on that effort. and the top hollywood talent agency which represents everyone from adam sandler to tina fey scraps its ipo. endeavor is the company name. it is out. wait a minute. wasn't 2019 supposed to be the year of the ipo? well, the man behind grub hub

and venmo is here to explain exactly what's going on in the ipo market. we are less than an hour to the closing bell. i'm ashley webster in for liz claman today. let's begin "the claman countdown." ashley: just take a look at the numbers. stocks extending their losses in this final hour of trading, as headlines crossing from the chinese foreign minister, who has been speaking at the united nations, mainly about tariffs and provocation. he says the trade war may even plunge the world into recession. ominously adding quote, the lessons of the great depression should not be forgotten. that obviously does not do great things for the market. and this follows the report today that the white house is thinking about de-listing chinese companies on u.s. exchanges. this promptly sent the crane

shares china internet etf, one of those baskets of stocks that carry chinese shares, as you can see, down almost 5%. there you go. down two bucks, 4.69%. and the u.s.-listed stocks of chinese firms also hitting session lows on the news. everyone, throw alibaba in there, citigroup, global markets, all of those down big, as you can see anywhere from 5% to 12%. also, take a look at micron technologies. the memory chip maker reported a fall in earnings, gave weak guidance and warned of u.s./china trade uncertainties. that stock down 11%. guess what? that statement from micron hasn't exactly helped other chip makers that are following the company lower. look at all of those, lam, applied, maximum integrated, broadcom, all moving lower today. there are 156 chinese firms listed on u.s. exchanges, with a combined market of $1.2 trillion. that's with a "t." let's bring in ed mills, raymond

james washington policy analyst. okay, ed, let's start at the beginning. what was your reaction when you heard that possibly the administration would de-list chinese companies on u.s. exchanges and also limit the amounts of capital flow to china from the united states? >> yeah. my first reaction was we have been talking about this in washington, d.c. for awhile. there is a bill up on capitol hill supported by senator marco rubio of florida, who is looking to do just this. it was only a matter of time where those headlines went from the hill to the white house to wall street. today, that's when it happened. ashley: so the president said this because -- can he do this by executive order, just de-list chinese companies and put those caps in place on chinese investment, or does it have to go through congress and be voted on? >> there's a lot of things that this administration can do. some of it is through regulation. some of it is using the bully pulpit of the presidency.

is passing any time soon, but n what we would be looking at is what rubio and others have asked for is that if a firm is to be listed here in the united states, u.s. regulators need to have access to their audited financials. those financial audits do not cross over the border from china elsewhere. when we talk to our contacts in china, china views those as state secrets so what we have heard is that the white house is viewing this in some ways as investor protection. if you don't have the audited financials, what are you investing in, is the question that trump and others, escially the regulators in the trump administration, are going to be asking. ashley: i think the next question obviously, what happens to people that own those shares? >> i think that's a good question. there are different options. what we have seen with some of the china listed companies in the united states that they have been looking for dual listings in hong kong.

hong kong listing would keep that access to capital markets. but i think it is going to be volatile. we have been on this show before discussing that there is a growing concern about a de-coupling between the u.s. economy and the chinese economy, that kind of cold war, especially in tech. this will only exacerbate some of those concerns. so i think there's some volatility ahead. people want more specific details, i think, before making that final decision. but there's risk here. ashley: how big a hit to china is it if you cut off that capital flow, that investment from the u.s. going into china? how much does that hurt china? >> well, you stated some of the numbers. i think it's kind of part of the longer term plan of china, what we have seen china do over the last generation is buy a trillion dollars plus of treasuries. we have now seen more listings in the united states. a lot of that has been based upon the fact that u.s. exchanges are kind of the gold standard for the world.

chinese exchanges generally haven't operated as well. but what the concern that i know folks here in the united states have is if we continue this trend, the more we're butting heads with china, is there mutually assured destruction on the u.s. company to take that action? i think national security individuals in washington have real questions about why we would do that. ashley: does this make the whole attempt to get a deal, a trade deal with china, have we taken a step back, we are not doing this, we're just considering it? if we go ahead and do this, is it a major step back and how long does the trade deal go on from there? >> we have been skeptical on the ability to get a trade deal done anyway. we have been in kind of a state where china describes us as embracing while fighting, for most of the last month we have been embracing. for the last couple days we have been getting closer to fighting, giving the u.n. speech by president trump earlier this week. what china has had a hard time with is that even as things are

going well on one track, they get blindsided by a separate track. in the trust between the united states and china in these negotiations, has been rattled. this will rattle it more, making it harder for even a mini deal to be accomplished. ashley: they are supposed to meet again within ten days here. i can imagine the atmosphere may be a little tense. >> yeah. so the next meeting is going to be likely on october 10th. that's a principals level meeting. the big question there for the market is if that goes well, do they delay the tariffs that are supposed to go into effect on october 15th, and does trump and xi meet down in chile at the summit on november 16th and does the list of tariffs that go into effect right before christmas, go into effect, that's about another $180 billion worth of goods, and does trump restrict huawei more or does he loosen some of those restrictions. there's a lot of moving parts here. we would highlight that the

president has pulled a rabbit out of the hat before at a lot of these negotiations. i think ultimately it will be up to what's going on in impeachment, what's going on with the market, does he want to get re-elected and he will make that political decision near term. lots of volatility ahead. ashley: oh, boy. more of the same. so many questions to be answered. ed mills, thank you so much. terrific stuff, as always. really appreciate your input this afternoon on this thorny issue of china trade deal and so on. thank you very much. so what does this potential investment limit and de-listing of chinese companies from u.s. exchanges, what does it mean for investors? let's bring in our traders. let's get to matt cheslock, ira epstein, phil flynn, as always, at the cme. matt, let me begin with you. you know, the market's held hostage almost every day between the tweets and the headlines. when we saw the headlines earlier today, the market suddenly 100 points disappears in a sneeze because we have

these algorithms and compeuters reading headlines. it's very difficult to follow it minute by minute. >> absolutely. when you see the volatility intraday move like it did, certainly it's predicated on the headlines we saw. we had some optimistic headlines this morning, market reacted nicely. we o with this real bombshell this afternoon. you know, you have to be nimble right now. if you take the devil's advocate side of this, if there's $1 trillion that has to come out of chinese lisd equities, maybe they go to u.s. equities. that would be one thing to look at. that's why this market really hasn't seen the huge selloff that maybe would have been anticipated because this is a real thorn in the u.s./china relations. ashley: it really is. that's a good point. we have had so many headlines coming at us, ira. we had all of the, forget iran bombing the oil facilities in saudi arabia, we have the tit for tat comments coming from the u.s. and china and yet when you look at the dow today, okay,

it's down 150 points but that's only half a percent on an index that's at 26,700. >> yeah. and the key here is, the word is discussion. what do you think our military does? they have discussions about the what-ifs. you think they're not discussing about iran, what they would do? so this discussion, it's not new. marco rubio brought it up over a year ago and like so many of the programs, they are brought up and they sort of sit. this is sitting there and it's another pressure for the october 10th meeting. i always wonder about the timing of these things when they come out. the october 10th meeting coming up, let's get a deal done. the president needs a win. it's pork and beans, as small as it is, it's a first step. if they can get a first step done, you watch, this market will change its psychological dpe gear very fast and this will go right under the water. if we can't even do a small deal, this becomes a bigger deal. ashley: certainly does. phil, other headlines certainly from the democrats' side,

impeachment, impeachment, impeachment, that's not going away any time soon. does that make the talks with china harder for the president? >> i think it can. but i think president trump has to treat it like it doesn't matter, right. i think one thing the democrats do have in common with president trump is they want to put pressure on china. i think in this one case, the democrats are doing themselves a disservice because if it looks like the impeachment gets in the way of a chinese deal, i think the democrats are going to pay at the polls. i really think they better hope it doesn't get in the way of a deal because i think the democrats will get the pain out of that. ashley: i have to leave it there. such a busy day. matt, ira, phil, thank you so much for your input. really appreciate it. all right. let's move on. pfizer, one of the winners on the dow 30 heat map. lot of red on that map. there is pfizer, top left-hand corner. this after encouraging results

in a late study of its new eczema treatment. shares up marginally at $36.11. shares of wells fargo are rising after nabbing ceo charles scharf away from bank of new york mellon. scharf set to take over on october 21st. more than six months after former world ceo tim sloan's surprising departure. there you have it. charles scharf taking over at wells. wfc shares topping the s&p 500, as you can see, up 3.5% on that news. bny finding itself at the other end, down as we head into the close. just turning around just a little bit. bny now essentially flat on the day. although no shortage of drama in the startup market, that is for sure. from wework to peloton to the backlash threatening the entire vaping industry, the man who helped mentor grub hub is going to be here next on the dos and

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ashley: well, on its second day of trading, take a look at peloton, down another close to 4%, down at $24.78. the question is, is it all downhill from here for the exercise equipment company. they had the third worst ipo debut day in a decade. wework also we know has been sputtering around as well. the new co-ceos looking to cut thousands of jobs and restructure after postponing its ipo. and endeavor, the talent agency formerly known as william morris that represents hollywood a-list stars, is pulling its plans to

go public after watching peloton struggle. wasn't it supposed to be this way? ipo-hungry investors look to have their moment in 2019, blared a "wall street journal" headline on new year's eve 2018, forecasting a potential record year for ipos. the obvious question, what the heck happened? who better to ask than steve kaplan, distinguished professor of finance, who co-founded an entrepreneurship program that spawned over 200 companies totalling nearly $10 billion in value including venmo and grub hub. he joins us now. great to have you here, professor. let's start at the beginning. what's going on in this ipo market? why all the jitters? >> the ipo market historically is very up and down. so you have periods where the ipo market is very hot, like the dot-com boom in '99 and 2000. you have periods where it's cold

in '08. it's been pretty hot and the market is reassessing. this is one of these things where we don't exactly know, it's animal spirits and animal spirits are now a little bit lower. ashley: you know, we have had so much said about these unicorns, these tech unicorns and we have seen so many of them coming to market where they're not making any money at all. in fact, they're losing a heck of a lot of money. but investors are buying into the growth at all costs strategy. is that now -- are investors taking a second look at that? >> i think that's clearly happening. you saw in 2018, and i think this year, that more and more companies were coming in without earnings, and it's actually been the highest level since the dot-com boom. so the quality is probably deteriorated and you know, at some point, the market gets skeptical and that seems to be what is happening now. now, some of these may turn out to be fine.

peloton actually has revenues, it was cash flow neutral a year ago, and its price is still above where the venture capitalists funded it so you know, you never know, but certainly, overall, there is much more skepticism in the market than there was a year ago or a couple months ago. ashley: but if you take the other side of that argument, are we reading too much into the first day of trading of a company that's just gone public? because okay, it may be rough, it may not get the price, you know, it drops below the offering price, but the company is in it for the long haul, they are obviously seeing growth and great things for the company. are we judging them too soon? >> i mean, you never know. a good example of that is facebook. remember facebook? they went public and they traded down and they were considered a failed ipo. if you had bought facebook after the ipo, you were pretty happy. ashley: when you are giving advice to your startup companies, what do you tell them about going public?

it feels almost as if some of these companies are coming to the market too soon. >> going public is like sort of, you know, way in the future. i think the thing that we tell our students that i think wework forgot is cimitym. you probably wonder what is that. cash is more important than your mother. why is that? why is that? your business can succeed without your mother but it can't succeed without cash. so the thing that we do tell our students, and i think every business should know, is you have to see when are you going to make money. because at some point, investors are going to ask that and in the case of wework, it took a long time and i think the vision fund kind of, you know, allowed it to go on for longer than it should have, but at some point, you have to show investors you are going to make money and the sooner you have that sort of

path to positive cash flow, the better off you are. ashley: i was going to ask you before you go, professor, what about direct listing? this is where you don't go through all that process, you essentially convert ownership into stock and we have seen some companies, slack, spotify went with a direct listing. what's your thought on that? >> i think you can do that if you don't need to raise capital. a lot of the companies who go public, this has been true of wework in particular, and uber, actually need the cash so direct listing is tougher to do. if you're cash flow positive and you want to be listed, then that's an option. it reduces the fees you pay and if you can do it, it's probably worth considering. ashley: terrific stuff. thank you so much for joining us. steven kaplan, thank you for being here. >> you're welcome. great to be here. ashley: all right. let's take a look at the big board as we head towards the close on this friday.

the dow, it's certainly off session lows but still on the downside, down 120 points at 26,770. shares of las vegas sands, they are on the rise. investors placing their bets ahead of the casino operator joining the s&p 500 next week. the stock up, as you can see, 2.25% at $57.14. apple taking its own gamble on hollywood. coming up next, how the tech giant is making plans to achieve total domination on all screens. hand-held, little and big. we will explain. that's next on "the claman countdown." each day a little sweeter. adp simplifies hr, benefits, and payroll for magnolia bakery, so employees like sarah can achieve what they're working for.

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ashley: apple is going hollywood, as we approach the launch of apple tv plus on november the 1st, movie goers will get a first look at some of its exclusive content. reports say some of apple's movies will hit the silver screen weeks before becoming

available on the streaming service. it's a strategy used by other companies like netflix, whose highly anticipated movie "the irishman" will hit theaters one month before making its netflix debut. can't wait for that. let's bring in susan li. susan, what's the industry saying about this move by apple? >> well, apple right now apparently according to the "wall street journal" is in negotiations with the cinema chains and that's of course to get their movies on the big screen before it actually streams on their own apple tv plus service. why, you ask? in order to attract these big name directors, producers and actors, you have to make their work eligible for awards and of course, it has to go on the big screen. remember last year we had this controversy over "roma" which actually streamed on netflix at the same time that it hit the movie theaters and some say that's tv, those aren't movies, you can't be eligible for an academy award. in order to surpass and get through that, apple says to some of the actors they are trying to pull in the big name directors, we will make it cinematic before

we make it tv. netflix tends to ask cinema chains to puppt up the movies a the same time they stream it, whereas amazon gives a leeway of three months' time before they put it on their service. three months to two weeks. that's what happened with "manchester by the sea" which won casey affleck an award. remember that? despite the fact apple has a lot of money on hand, because of their distribution, limited distribution network at least for now, they are still losing out. j.j. abrams signed with warner media despite the fact reportedly that apple offered him more money, but he wanted i guess a bigger movie studio to go to. apple in this case is not looking for -- to make money at least so they're not looking to make these big superhero avengers movies. what they are looking for is to build prestige, brand building, at least for now, more character-driven films and that's their focus. don't forget, we did have apple,

of course, and its stock hitting $218. we had one of the analysts telling us, dan ives saying that potentially might be a risky move in his view, for the movie to hit theaters first, with the feature films. it's a strategy we do like and ultimately believe will pay dividends and we continue to believe that apple does have the potential to add around 100 million consumers to this platform over the next three to four years on streaming. just a reminder, on november 1st we have apple tv plus starting, $4.99 a month. so undercutting the competition. back to you. ashley: wow. to get the street cred and maybe an oscar, too. at least the prestige. interesting stuff. susan, thank you very much. lots of great info. take a look at the markets. the dow up -- wishful thinking. down 132. certainly off session lows, down about half a percent. s&p down close to 1%. the nasdaq, biggest loser on the main index, down almost 1.5%, down 116 points. coming up next, boeing's ceo

set to face the music before congress on everything that happened before and after two deadly 737 max jet crashes. we'll have details on that and more straight ahead in today's fox business brief. "the claman countdown" coming right back. [ orchestral music playing ] mom you've got to get yourself a new car. i wish i could save faster. you're making good choices. you'll get there. ♪ were you going to tell me about this? i know i can't afford to go. i still have this car so you can afford to go. i am so proud of you. thanks. principal. we can help you plan for that. start today at principal.com.

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latin america's largest airline group getting a boost from delta. the u.s. airline leader taking a nearly $2 billion stake in a new partnership that will increase delta's footprint in the region, while oh fsfficially ending the relationship with american airlines. shares surging on the news, as you can see, up 29%. boeing's ceo set to testify before a house panel for the first time since the fatal 737 max crashes in indonesia and ethiopia that led to the deaths of 346 people and a six-month plus grounding of the aircraft fleet. boeing hoping to get the planes back in the air sometimes in the fourth quarter but so far, no certification test has been scheduled. the stock is down a little over 1%. western union rising after guggenheim upgraded shares to a buy, saying the money wiring giant could see double digit growth for many years to come. shares are up 2.5%, heading to a

third straight day of wins. coming up ne, the new usmca agreement taking center stage on capitol hill. the progress made and the changes the democrats hope to make to the president's north american free trade deal. "the claman countdown" coming right back. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond.

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lighthizer earlier this morning, and they gave him a third version of what is essentially their return proposal on the usmca, changes that they want to see made. we did have a chance to talk with congressman richard neal, one of pelosi's designated negotiators, a part of this working group trying to find agreement between democrats and the ustr that is trying to find a way to push the usmca through the house. he met with lighthizer today and he told us he is very optimistic about the progress they've made so far. can we talk about usmca? how did the meeting with lighthizer go? >> it went very, very well, and the negotiations continue, the discussions are i think all headed in the right direction. we intend to intensify the conversation once we get back. the staffs have been directed on both sides to try to narrow it down. reporter: is the sticking point labor? >> i think it's fair to say labor is the biggest sticking point that we hope to reach an agreement there as well. reporter: it's not just labor

that has been a point of contention between this working group and the ustr. they have also tried to address environmental concerns, but according to my conversation with neal today, it sounds like those concerns have been adequately addressed. now it's really down to labor, working protection, how much they are being paid. neal also told reporters this morning that once congress gets back from this october recess, it's about two weeks long, they may be able to see what he calls the goal line to get the u.s. mexico and canada trade agreement through the house. that has been a critical hurdle to finalizing this trade agreement that was reached between the three countries several months ago, but hasn't made its way through congress and on to the president's desk. sources tell fox that these things are moving in a positive direction and that both the ustr staff and house democrats will continue to meet during this recess to try to work out some of the details. neal said lighthizer's reaction to what was their counterproposal seemed to be positive, but he says the ustr team is still digesting the

details and of course, the devil is in the details. ashley: as always. reporter: we will see how it's received. ashley: exactly. at least they're still talking. hillary vaughn, thank you so much. great stuff. let's check the big board as we head towards the close. less than 20 minutes to go now. are we coming back? we were off, what, 150, 160 points. we are now down just 80. okay. making a comeback. 26,800 on the dow. the race to challenge president trump heating up, but could one of the business world's most well-known names be waiting in the wings to play spoiler to the democrats' hopes of winning back the white house? guess what? charlie breaks it. he's next on "the claman countdown." car like i treat mine. adp helps airtech automotive streamline payroll and hr, so welby tres can achieve what he's working for.

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ashley: well, never say never, right? at least not if you're a mogul considering another presidential bid. sources telling fox business that michael bloomberg has not completely shut the door on a possible 2020 run. that's what we're hearing. that's what charlie gasparino has been hearing. before we get to mr. bloomberg, i want to talk about something you put out on twitter earlier today about joe biden essentially saying all right, i'm going to write off iowa and new hampshire because i don't believe i can win there. >> that's what people excited are telling me. ashley: huge development. >> huge news. it's going viral on my twitter page and people i guess are picking it up. combined with this story, you will see what i'm saying here. biden is now -- elizabeth warren is now surging. progressive far left progressive politics looks like it has a very very good shot at winning the nomination. biden's people himself say listen, we are giving up in iowa, we are giving up new hampshire. new hampshire is a gimme to her. that's her backyard.

they are saying we are focusing on a big super tuesday win in south carolina and making that -- ashley: risky. >> -- the wall. that will be their wall to prevent further losses and we can get to the nomination. very risky. lot of people, you know, if you can see my twitter commentary, people doubt that's a winning strategy. it's all because elizabeth warren is surging and you know, donors are pulling back a little from biden right now. so he's got -- it's obviously an existential time for biden's candidacy. he may get through it. i'm just telling you what ill hearing. ashley: the signs are not looking good. >> on top of it all, here's what we know about bloomberg. i don't want to say bloomberg is running. what i hear, what's in his mind is he's not running. here is the interesting development, what we understand. he's always maintained an office, campaign, kind of a campaign office, exploratory committee. that office has not been shut down, we are told. there are about six people in that office. ashley: even though he's announced not interested? >> it has not been shut down. the best way i have been told to

describe it is the door is creeped open. okay? if he wants -- if he changes his mind, because what's going on in the equity ddemocratic party, m bloomberg, i don't know him personally very well, i know him a little bit, he's progressive on social issues but he's pretty much a fiscal conservative. he's not anti-rich. you know, some of the stuff that's going on in the democratic party, beating up on the rich, the taxes, destroying corporate wealth, you know, to expand a massive welfare state does not fit with his ideology or his persona, and he thinks we need rich people in this country to give jobs to poor people. ashley: so -- >> from what i understand, this has concerned him and the way he's been described to me, again, i'm not saying he is running, the door is not completely closed. the office is definitely not closed. that office still exists.

there's about six people in there. ashley: do you think there's a lot of people surrounding him saying look, elizabeth warren is surging, joe biden could be fading, or is fading, therefore, you could have elizabeth warren/donald trump presidential race? >> he's no fan of trump either. ashley: i know that. elizabeth warren is too far left so if you are going to jump in, now is the time to do it? >> i don't think people tell mike bloomberg what to do. ashley: i'm just saying, he must -- >> no, no, that's what he's probably thinking. what i think, there are certain people urging him. he is spending a lot of his time on this climate issue, he wants to eradicate global warming. he's poised to spend $500 million. we should point out, if mike bloomberg wanted to run for president tomorrow, he would have something like $24 billion in cash. donald trump talks about how rich he is. this guy's bank account is bigger than -- i mean, his savings account. he's extremely rich.

i'm sure there's people talking to him. but from what i understand, this is what's in his mind. ashley: how does he play around the country? we know him in new york. pretty successful mayor of new york. how does he play in the middle of the country? >> i think the reason why he has not -- he's currently not running, i think you could say right now he is not running but the door is not closed totally. this office is striking people i speak to very odd that it's not closed. some of his commentaries privately. i think he does worry about, as you would say in the past, some new yorker jewish guy, you know, how does that play in the midwest. ashley: right. >> that said, if ever there's a time for a guy who preaches some sort of moderation, fiscal constraint, a different approach to government that's not carried by the extremes of the party that has taken over, he might fit that middle ground, where people might say you know, you know, a lot of people would say i would have no problem with him, maybe people in the midwest

would want him. remember,'s the it's an intere dynamic. again, i'm not saying he's running. that's the last thing i would say. i am saying the office is not closed. ashley: that's not mr. bloomberg calling. >> the office is not closed and the door is not closed. ashley: separate issue but i wanted to ask you your thoughts on the president saying hey, we are thinking about de-listing chinese companies, cutting off capital flows into china. >> you , i don't kw how you negotiate with the chinese through the sort of gunboat diplomacy. in their minds, in a typical bureaucrat of china's mind, in xi's mind, any of the ership mind, they still talk about the -- i have been there -- in the 1800s, western colonial powers brought china to its knees, transformed in the early 1800s basically a strong

export economy into a basket case and they think that's a black mark that they gave in, that they were basically had their western powers put the foot down on them. i don't think they react to that. now, what do they react to. they react to strength in different ways. you know, there's -- the u.s. with other asian powers teaming up against them, they have no other choice but to deal. i don't know how you do this. maybe i'm wrong. maybe donald trump is right. but so far, has it worked? ashley: not to this point but we shall see. maybe he will say the others deal, i won. great stuff today. really interesting on mr. bloomberg. maybe talking about it rachets up the interest in perhaps him getting in the race. we shall see. >> i have been told to tread cautiously. his mind is not in it now. like i said, the door is not totally closed. ashley: charlie, great stuff. thank you very much. the closing bell rings in just about eight minutes or so

from now. coming up, today's "countdown" closer says the happiest place on earth could help your portfolio whistle while it works. "the claman countdown" is coming right back. ♪ ♪

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for personal savings and protection solutions. the workplace should be a source of financial security. keeping your people happy is what keeps your people. that's financial wellness. put your employees on a path to financial wellness with prudential. ashley: let's take a quick look at gopro. it is up at five dollars. no real news behind the move but ithere has been general m&a chatter flowing around. one analyst thinks gopro is gearing up to announce a new program a next week. shares up are, shares are down 35%. markets set to close out the week. well, let es have a look. down across the board. the dow had gon into positive territory briefly today but overall a down week. let's get to gerri willis live

on the floor of the new york stock exchange for some of this week's biggest movers. reporter: ash, let's start out with united healthcare down 7% on the week. merck down two and change as you can see right here. is adifficult week for health care. "barron's" says blame elizabeth warren her plan for "medicare for all." she is leading in the polls. big concern for that sector going forward. will those companies really be under duress between the new programs. chevron is may face potential fines on carbon emissions in plants in australia. that could hurt results. dow winners for a second. nike, we talked a lot about this story. that stock up 6% after blowout earnings. just amazing, china sales up 22%. strong global growth helping the stock doing very well indeed. doing well online and in china.

home depot tells advisory raise the target price on that stock to 220, that is good news for them. mcdonald's rolling out a new plant based burger. we like that as well. some people like that as well. ash, back to you. ashley: some do, some don't i know you don't gerri willis. thank you very much. today's "countdown" closer says he has the key to unlocking the next boom in the marketplace. no pressure. we are joined by dave maza head of product at direction. mr. dave, what is the key to the next boom? >> it has been volatile week for sure. a volatile few months. it is difficult for investors to cut through the noise to look for opportunities? we're screening for companies with positive momentum. i'm focused on quality balance sheets today. in environment where there uncertainty, instead of paying out for growth or just looking at companies most out of favor i actually want companies with high return on equities and not

a lot of debt on the balance sheet so they can fund the business through good times, potentially bad. ashley: with that in mind what kind of companies do you like? >> consumer discretionary and tech in particular -- ashley: took is getting hit hard in the trade war. >> it is. not all of it is. most exposed to china and antitrust. names like facebook, google being apple come to mind. even some semiconductor names. we saw the hit micron had yesterday. even though it had excellent earnings. microsoft is a tech name. they beat earnings eight out last eight quarters. beat earnings. looking into q3 the growth of their cloud platform is exceptional. companies need to modernize their technology infrastructure.

ashley: is a is far della fanta. >> they have taken a hit from the headlines. if you take a step back. ashley: consumer discretionaries? >> that is emblematic of companies like walt disney. interesting nameopen only beat in five of the last eight quarters. not as high of a grower. look at the disney plus offering. they're going right after major companies like netflix and others they haven't bee competitive with getting direct consumer market. i'm a father of two young girls. do you think i will get on disney plus? it is finding ways to continue to grow. ashley: dave, thank you very much. quick, we appreciate you being here. >> thank you. ashley: heading into the final what have we got 20 seconds into the close. an interesting day to say the

least. volatile week for the mkets. [closing bell rings] i think we'll see more volatility as those headlines and tweets continue. that is going to do it for the "claman countdown." connell mcshane, melissa francis pick it up now, "after the bell." melissa: volatile day on wall street driven by trade headlines. all three major averages ending the day in the red. the dow closing down 66 point. off the lows of the session. it is okay. at one point it was down 85 points or sunk 85 points on reports that the u.s. may limit investment flows to china. the nasdaq down more than 1%. i'm melissa francis. happy friday? connell: happy friday. every friday we make it a happy friday. i'm connell mcshane. this is "after the bell." we'll talk more about some of those big market movers. first here is what is new at this hour. washington in a frenzy over the