jobs in america. i'll talk about it with lauren at 5:00 a.m. eastern time everyday. see you in the morning. that's it for making money. charles will be back tomorrow. i'll send it to liz. >> thank you very much. we are watching the bulls come out swinging after stumbling. after falling deep into the red on the weeks services report. you saw it at 10:00 a.m. you saw the sharp spasms. bad news is good news at least for today. the dow is jumping 74 points. the s&p up 16. all three are on track to stop a two day slide for the dow gave

away 800 points. consumer staples and energy stocks lead today's gain. president trump came out twingein twinge -- swinging against medicare for all and signed an executive order to expand the medicare options for seniors. that's not all he did, we'll take you to the white house and show you which stocks are moving on the news. pay more for your fine imported wine and cheese. the european union retaliating against the new tariffs. did you see the st. louis blues raise the cup. gary here in a fox business exclusive to tell us why he changed his mind on sports gambling and hockey and of course whether my las angeles

kings can win it all. also what they are betting on now. the 5g stock pick. the closer that said will be the winner. charlie broke it on why wall street is not giving up on we work. i'm pulling up paypal stock. paypal might be on the verge of exiting facebook's libra payment project. the times is reporting they pulled out of a key meeting called by facebook for today in washington d.c. as cracks form in the libra coalition. visa, mastercard, and others were thinking about quitting the libra project among increasing

regulatory pressure at home and abroad. jay pow wel powell said he will have to look at it closely. the partners are moving higher as is facebook. everybody loves a come back story especially if you are a wall street bull. green on the screen as the dow swings today. 445 points after the wallop we saw over the past few days. the dow is up 67. we had been up 110. shares in tesla are hitting the breaks after they delivered a record 97,000 cars in the third quarter. what's so terrible about that? well, it fell short of the 100,000 deliveries that the ceo let his employees know.

it was leaked. it missed what he said to lookout for. still a record. of course, the down grade for the stock being down 4%. go pro is looking dimmer. they are on base for the biggest percentage fall in nearly a year. the action camera maker is dropping 19%. it's a $4.19 stock. production delays for it's hero 8 black camera, that's what they were betting on. we showed it to you at ces. remember, they were manufacturing in china and pulled the plug and moved elsewhere. it's not helping the company at all. that move is taking time for go pro. it will take time for other companies that feel pressured to do so. the president has been

pressuring companies to do this. the president is leaving the villages after unveiling his new plan to improve medicare for seniors. the president signed an order. this order will modernize medicare allowing remote examinations, improve options, and cut red tape for providers. blake is live outside the white house. as we look at stocks on the move related to this the president used the speech to rip democrats ideas for medicare for all. medicare is popular for seniors but would cost a lot. >> you can separate it into two different things. the policy and politics. he put forth this executive order that tries to straighten up medicare and improve upon medicare advantage. there wasn't anything immediate yacht attached to it.

this is proposals and reform over the next 6 to 12 months. instead, you could look at the politics involving all of this. the president can go to the swing state of florida. one of the largest retirement areas down in florida in the villages. he talked about healthcare. healthcare is what flipped the house in 2018. it's something that republicans are trying to avoid again, or at least straighten their massage. the president was able to go down to florida and sure up medicare and the healthcare system as we know it. many democrats would like to have it. watch. >> they may go by different names whether it's single pay error public option. they are all based on the

totally same terrible idea. they would like to raid medicare to fund a thing called socialism. >> by the way, as the president left for florida he also took -- he made head livens as it relates to joe biden. the president said not only should ukraine investigate joe and hunter biden but china should do the same as well. this afternoon the vice president also gave weight to the idea of investigating the former vice president. >> interesting, he pushed back on saying that -- on what democrats said he urged ukraine to invest gate joe biden now he's free to sayin' vest gait joe biden. >> yep. >> joe biden has responded. his team said that donald trump is flailing and melting down. >> they said what donald trump

just said on the south lawn is comparing it to the russia moment to look into the e-mails. the biden campaign they called this an abuse of power. the white house said they are warranted. >> it's just back and forth. >> there you go. >> thank you, keep us posted if you get anything more. from the older generation to the aging bull market. a strategist said the bull market that's 11 years old. it might be old but don't count it out. they are forecasting more gains for the global stock markets lead by the s&p 500. if a global recession is avoided, yeah, they see the s&p hits 3300 by the end of 2020. that would be a 14% gain from yesterday's close. the s&p right now, we are

watching it at the moment as it rises. they are seeing a deep spasm. can they see farther gains through 2020 or are the fears of a recession to crippling. you know, stocks recovered quiet quickly today. they believed the feds would swoop in and save the day. does the bull market continue to run because the fed is putting pillows down. >> while you know i have been defensive. i do think by november it might be time to get more aggressive for an increase in valuations. incase there is no recession.

if the mets made the play offs they would have made the play offs. i told the citi guy he's not looking at what i am. they are inverted with the two year. that tells me there is an increased risk of recession within six months to two years. if there is a recession it will last three to five years. we have a lot to worry about and uncertainty. i don't like guys who qualify things like that. say something real and let them act on it. >> oh, he doesn't like guys that say that. he spoke about the mets. the cubs fired their coach. the guy who got them finally to the world series win. unbelievable. can we see this for the bull market again and again. >> that's another topic when we talk baseball.

you can see the s&p two weeks eye go we were six points a way from the all-time ever high in the s&p. we are not dead yet. i'll second the motion from citi. we are looking at a higher close. they are back below 20 once again. with the sell-off which was short-lived. we see that over and over. earnings come out in the middle of the month. we will see how much profits they are making plus a rate cut. we have a lot of positives. stocks are the place to be. >> we have headlines hitting the tape right now. the president robert caplan. we have the services number which was a total myth. he's saying he's watching the services sector extremely carefully but that we shouldn't over react to one report.

he goes onto say two rate cuts this year and reduced the likelihood of severe slowdown. it doesn't eliminate it. he also said he's hearing from a lot of businesses putting things on hold because of the trade war uncertainty. what do you think, phil, he said time will tell if rate cuts have gone too far. >> i think he's absolutely right. you know, the bottom line is everybody is freaking out. even with us being weak we are still the best house in a bad neighborhood. the rest of the world is slowing down. there could be a trickle down effect. the point is correct, the central banks around the globe have been seeing this coming. there has been proactive actions, you know, with the fred

repos and money back in the system to keep the expansion going. i think that where we are at right now in the way the market turned around. we are closer to at least the temporary bottom. it's interesting. we were on the close yesterday and it looked like the world was ending. when you get to the official close near the close of the show you have to watch it everyday. you see the market come down. i see biorders start to come in. that means things are starting to stablize; ar. >> are you seeing that now? the dow is a bit higher. it's at 81. perhaps it's on caplan caplan's comments. >> i'm so happy he's watching so closely. give me a break, this is your job. you know why he's behind the 8

ball because they are data dependent. you have to be ahead. >> amen. >> you might be wrong once or twice. you have to figure out what will come. >> he's repeating the view that if you wait until weakness in the breader economy they will have waited too long. i know what you are going to say. we have to run. always so supportive of the fed. thank you very much. the trade wars are about to make your bree and wine more expensive. yes, your parties, who knows what. you have to hear what tariffs are about to hit. everyone uses their phone differently.

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this was a tough chart to lookout. they are nursing a hang over as the company wracked up millions in losses from the investment company in marijuana weed company canape growth. look at consallation it's down 5.6%. it's about to get worse for the makers and dinners of foreign beers, spirits, and wines. the u.s. will slap tariffs on the wines do you like feta cheese, greek, products coming from the e.u., france said they will retaliate. wall streight tightens too. they love their wines and cheeses. >> how much more expensive can

foreign foods get. >> that $90 bottle of wipe will be $119 on october 18th. all of these other items can be tariffs under the wto agreement with the airbus subsidies because it's on the planes. the big one is french wine. another one is the french saying this would significantly impact the economies for both countries. we are talking about cheeses from italy, british sweaters, scottish whisky. they have the president embolden. it took 15 years to adjudicate. now is the time we can do this because the economy is strong.

listen. >> as far as policies and the u.s. performance we are in fine shape. we are in as godship a good shape as i can image being in. >> they will are erespond with tariffs. there is a parallel case where they would to impose 12 billion worth of tariffs because of subsidies to booing. it will be there in a few months. the trade representative said he would be glad to sit-down with the e.u. and workout a trade deal. >> great to see you. >> the bargain section. >> well, always. we are fox business. we would like to save our money and protect it. good to see you, thank you very much.

investors snatching up pepsi. the parent company of gatorade zeroing in on a new high. sugar free drinks like g zero earned a half-billion dollars as the company organic revenue growth raised 4.3%. nice move for pepsis. the st. louis blues tipped a bit more than gatorade out-of-the cup. last night the champions raised their ban nonor before their game against the capitals that they lost. gary is live to tell us what he's betting on. also why he changed his stance on pro sports gambling. the count-down is coming right back. announcer: fidelity is redefining value

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take a look. he shoots and scores in last night's national hockey league season opener. they launched a third goal in the 4-1 win against the san jose sharks. the much awaited season puck drop for all fans. the league is gambling on more intense fan engagements thanks to the ground breaking deals. they will be official sport betting. the world's biggest bookmaking had the royal plush of the year up 21% year to date. what does the freedom mean for the fans. gary is the longest severing acting commissioner. >> that makes me sound old.

>> you are not retiring? >> no, absolutely not. >> it's not like that. it shows. i'm betting on the las angeles kings. >> is that a long shot for you? >> hey. >> they will be good this year. >> what will be different about the season this year? >> our game is getting younger and faster. we have extra ordinary balance 43% of the players are under the age of 25 and 22% of players are under the age of 23. what you get every night is an unpredictable and exciting game. >> the golden knights have been thrilling. as a brand new tampa in las vegas they got to the stanley cup finals. the nhl was the first of the four pro leagues to get a team in the gambling mecca of las vegas. that seg ways nicely to the whole gambling and sports

betting situation. the nhl has gone head first. what does this mean for the fans and the league and revenue. >> the revenue to date isn't extra ordinary. it's not legal in more than a few states. that will changeover time. what it represents whether it's sports betting or free to play games is the opportunity for fans to connect another way with the game. if you don't want to bet you can continue to consume the game you have. if you want to bet it's another way to connect. if you are a sports fan that hasn't paid that much attention to hockey. maybe you will tune in and see what you like and come back. >> i have to ask about your conversion, back in 1992 when they put together the ain't gambling protection act you were all in to support that. you felt gambling wouldn't be

good for the sport. last year the supreme court over turned that and you are all in. how did you go to sports gambling? >> some would suggest i was a contortionist. i believe and still believe long-term we need to focus on what our environment is like in the arena. not that there is anything wrong with the racetrack or highlight prime time. it's been something different. a communal experience. this is something we see down the road. the impact that sports betting has on use and how they focus on players and what they do and their role as role models. will that change. having said all of that once the supreme court ruled it was a new era and we had to adapt. >> you are adapting. you also adapt with the rules.

coaches will have more freedoms to challenge calls using instant replay. it lets people think it will slowdown the game. they can challenge anything. not anything but if you are wrong you get the first time a two minute penalty. i read a coach's comment that said gee, i don't think that's fair. it's a 50/50 shot. why risk the penalty. we don't want reviews on 50/50 calls. we want them when it's clearly been the wrong call. >> you have them saying it will end in tears because it will slowdown the game. >> no, i don't think so. we have it managed we believe. >> you look at the stars of the game. >> it's so hot. he's been traded from nashville. now the new jersey devils. we were at the nhl store today and his jersey is very popular.

my kid was in montreal this summer and everyone wanted the jersey. how important is a star power player like this. >> they are good for generating stories and it's not just the game itself. we want to maintain our authenticity and make sure we keep the values of the game. >> all i can say is i have been a kings fan since i was this big there is my original, yellow, and purple. great to see you gary. >> will you make a bet on who

will win? >> never. >> who do you think will win the cup? >> the l.a. kings or rangers. >> yeah, exactly. good to see you gary. from face-offs on the ice to market supremacy. hosting bell ringing in 29 minutes. still up 45 points. no company scoring a bigger goal since it's public debut since the rock star beyond me. the green arrow adds to the maker since pricing it's chairs at 25 bucks on may 1. early believers johan and brett will be here. also we have the person who

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so, goldman sackless an morgan stanley were the ones that got chosen under write i.p.o.s. they will land a big blue whale. air bnb will have a bank to look at the home service in 2020. when you look at this years ipos there is 485% since it's may public listing. venture capital firm is licking it's chops. plus, they have backed so many of the hot products that lie in your pantry and food shelfs. in a box business exclusive we have those super stars cofounders johan and brett thomas. wow, early investors in beyond

meat. i give a lot of credit. i was unsure at the beginning and i jumped on the bandwagon. >> what did you see in beyond meat? >> we invested in category creator. you look at the meat category. >> johan is drinking kombucha. >> if they can capture a percentage and small share of the market that can be a 30, 35 billion dollars market. >> you have the golden laser eye. you can figure out what will work in the food space. you have been on the show for many days. vitamin water was the early one. this will be a winner.

>> i think there are a few things. we have a great team. some of what you are seeing here. >> there was more refringed pet food again. it's creative for jennifer garner. >> not me. >> you want to see your kids stuff. >> there is a lot of knew --

nutrition. >> health aid. >> pink lady apples. >> what is kombucha to you? >> a healthy drink that's delish. >> it's the millennials soda. >> the markets will allow to go public. >> how do you get from refringe rated baby food. >> i think the i po could be a potential out come. they are helping children and

babies. there is the growth rate. they receive aquisitions. the owners down the road. >> yep. >> it's called protein. >> it's inju inguestble beauty. >> johan spoke about buy. how big of a market is it for that drink? >> everyone jumped on the ban wagon and a half-billion. >> i remember when they.

>> we'll watch for it and see if any of these. 20 minutes before the closing bell rings. the social media street fight drawing new blood. the dow up 71 points right now. the new move by facebook that has snap shares being red at this hour. the count-down is coming right back.

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breaking news, president leaving the airport in florida. he boarded air force one for the return trip to the white house after signing that order at the vim -- villages earlier today. facebook is firing out a new cannonball at snap inc. they announced they would launch a new stand alone app called threads from instagram. the new camera first massaging app that will allow for faster sharing of photos and videos described by facebook is away to stay connected with a smaller circle of friends more privately on-line. facebook shares are up 2.5%. they are down three and a third at the moment. they are getting ghosted on new

competition. i would like to get to connell. i just saw this headline. rudolph giuliani stated he was locked out of twitter. oh, wait. he was just off for two hours. >> one less thing for all of us to be worried about. i saw that. that's what it's come to. of course that would have brought up all kinds of questions if people are discriminating against someone on twitter. he's back on. coming up on top of the hour a lot. we'll look at the turn around today. a few other things one is hong kong. there is the talk they may start banning the masks the pos posttesterer -- protestors in hong kong. back in june they asked about waring the masks. they said no, we don't want our

faces. that's a big one. we'll be back on top of the hour. >> thank you. by the way. we want to say the drama in silicon valley is heating up. guess what, it's also heating up here in new york in siliconnally. 13 minutes before the closing bell rings. the russell is seeing again of 3.5 gain too. the rise of we work. this is the most cautionary tail in start-up business world. charlie has new details on why the street might not be quiet so ready to throw in the tile on new york city real estate start-up defunct ipo. charlie brings it down next.

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as former office sharing darling and alleged tech giant falters. other stakeholders are asking where we go from here. >> you know, there was a time, liz, when you put.com at the end of a companies name it got huge evaluations. >> 1998 brookstone.com . >> this is a real estate company. because it got them tech status. they were leased out to tech firms. some how it started to get evaluations of a tech company. it was a $47 billion

evaluation. this does a lot of tech investing. this has a lot of interesting stuff happening. bond prices have stabilized. they have for three days. >> they are going down again. >> right after my report they went down. they are at 84-cent on the dollars. there is an infusion to bail the thing out. i'll give you a ground level view. wall street investment banks are working to work with them to salvage the organize. they are trying to figure out if this is worth figuring out. >> is the i po worth sallaging or business itself? >> it's totally adequate that's

a long term thing that's possible. they don't know what's under the hood. they are not sure if it guy so fast. the growth started to pick up when soft bank put the money in in 2017. it was decent growth. when it grows that fast things get shoul should shoul should put under the carpet. they think there is a business here. they think they can go public at some point. they think it if does go public the valuation won't be 47 billion or 60 billion. goldman sacks put $100 billion on this. >> did they know about the club seating and private jet? >> the number i hear if they go public at some point given their business out look and what's under the hood is something like

$10 billion. that's way under. it's chackly more powerful for a company like this. you can understand why a company that subleases out to other people with -- who is that? mr. newman. >> he's the charismatic ceo. >> he cashed out at 700 million. >> 750. >> so, there have been 84, 85 for the last three or four days. there has been stablization. people think they will put money in the thing. soft bank has to comment and j.p. morgan has to comment. they might have to bail them out because they have other stuff in their portfolio. >> charlie, thank you very much. when we come back the 5g stock, it's a chip stock, that our

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liz. guess what? we're heading for most of the major indices back to session highs. what a roller coaster of a day of the dow, 445 point swing from trough to peak. right now we're at a gain of 94 points. almost there. if we stick with it we'll see it hit session highs. same with nasdaq which is getting close to the session high of a gain of 86 points. yes. there we go. we're up 82. but as you talk about technology which of course is in the tech-heavy index, talk about semiconductor chip talks in this fierce battle to get out front in the 5g superfast network, right? we bring in george young, villa balanced fund. you say one name to keep it simple will be the winner for 5g for that race and everybody to

get to. >> everybody wants more applications on their phone. everybody wants more streaming. 5g is the answer. the good news it is coming, it is coming fast. the interesting thing about semiconductors specifically -- liz: that is our choice. >> that is our choice for the balanced fund and equity fund. we like the 5g buildout. not only coming but will be very additive what they do. automotive right now has $500 worth of semiconductors in a car. that will shoot up to $1,000. liz: wait, a car has 5000 plus? >> $500. liz: that is a lot of chips. >> that is a lot of chips. that will double to $1,000. that is 40% of their business. liz: on would catch the way? is that what you're saying? >> not only that wave, wide variety of applications. liz: ticker symbol is o-n. 7 billion-dollar market cap. thank you for your thought on

the 5g race, which chips might win. [closingl rings] what a market day. a turnaround from stocks falling dramatically, a big move to the upside. big enough to give the dow, s&p and nasdaq gain. dow and s&p still on track for the worst day -- melissa: reversal on wall street. stocks making a comeback after sinking on weak services data this morning this report now raising the odds for the fed to cut-rates this month. the dow closing up 122 points. we saw a lot of that come in basically the last five minutes. connell: yep. melissa: we were down more than 300 points at the low. i'm melissa francis. >> i'm connell mcshane. nice to close at the highs. welcome to "after the bell." nasdaq and dow closing in positive territory for first time in three days we've seen that nasdaq closing up more chan 1%. fox business team coverage set up for all this. gerri willis watching markets on the floor of the