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tv   The Claman Countdown  FOX Business  October 16, 2019 3:00pm-4:00pm EDT

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my expectation is they will probably meet the sort of the subscriber numbers. i would say if you have money in netflix, if they pop tomorrow, take none and run. charles: erin, thank you very much. the dow is up 4 or 5 points. we were down when we started the show. it is a little bit of cp effect. liz: i know it. you are all over the buffett story. charles: the oracle of omaha wants to own -- [inaudible]. i'm sure you will talk about it. liz: we are just now finding out some of the details between gm and the united autoworkers union? we will take you straight to the voter city and how the gm stock is performing. on wall street, without any
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major trade headlines, the markets are hanging on every single word out of the earnings report for guidance here. liz: wedgewood partners is here in a fox business exclusive on how where he says he finds a better bet on his money than on the oracle of omaha. buffett is making an interesting play for bank of america. the streaming wars playing out in real time as netflix gets set to release quarterly earnings after the bell. could it start to experience stranger things as more and more
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players jump into the stream? social media pioneer and feature film entrepreneur is here in a fox business exculusive on whether the ultimate digital disrupter is now so vulnerable that another one takes the lead? plus, tesla's lucky seven, big blue, wears its red hat, and charlie breaks it on the 26 billion dollars telecom done deal that still is not entirely done. less than an hour to the closing bell, let's start "the claman countdown". breaking news, folks, this could get very interesting. the president right now is in the white house. he is about to hold a bipartisan bi-cameral meeting with congressional leaders, both the house and the senate, both sides of the aisle. the discussion will center on the situation in turkey and syria.
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if the president speaks and we're allowed to show it on camera, we will take you there when it happens. stay tuned. both sides of the aisle, senators and congress people, so could be very interesting. all right. let's check the dow, up 5 points here. some stocks are just not working today. enterprise software names slack, service now are sinking after morgan stanley issued a bearish note about this kind of new and developing group; right? slack's price target was slashed to $28 which is above where it is. it went public in june at $26. morgan stanley says slack's position versus microsoft is weakening. there may be share deceleration in software spending growth next year. on that scene, workday is on pace and this is odd because it's been a successful stock story, on pace for its worst day
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in nearly three years, down 12%, after the company warned on slowing growth with its core hr nageme software and delays in new deals. wall street piled on here, slicing price targets right and left on the stock, slamming the market cap with multibillion dollars hit. new price target at $180, lower than where it was, is still above where workday is at the moment $159. we need to take you in the picket lines between gm and the united autoworkers. it is nearly over. that much we can tell you. but this is a fast developing story. we do have this, both sides are confirming reports of a tentative four-year agreement ending the strike of about 48,000 union workers which began on september 16th, that costs gm. let's get to grady trimble who has been out on the picket lines
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nearly every day since day one. grady, any word on what the pickets are hearing out there and when it could become official? >> well, i would say that they are cautiously optimistic. in terms of when this tentative agreement becomes an official deal, it could be a while because all of the roughly 50,000 uaw general motors members will have to vote to ratify the contract. so for now they remain on the picket line. in the meantime, we're getting details about the contract. in terms of anything official, neither side is telling us exactly what the contract holds, but what we do know from a source close to the negotiations that one thing that was important for the union was creating a pathway to full-time employment for temporary workers. we are told they were able to put that into the contract. i actually talked with a temporary worker who was very excited to hear when this deal came down that it might include a provision for her -- she's worked three years for gm, she's still considered a temporary employee. now she tells me with this
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contract, there's a chance that three years equals full-time permanent employment. take a listen to her reaction when she heard there was a tentative deal. >> but i also want a clear direct path to employment -- [inaudible]. >> would you be willing to continue to strike and not receiving your paycheck if this deal isn't what you are hoping for? >> i would. [inaudible]. -- we won't ever reach this point again. >> so local union leaders have gathered here in detroit. they are going to meet in this building at 10:30 tomorrow. they will vote on this contract, and then it will get sent to those 48 to 49,000 general motors workers, for their official vote. as for when the strike is going to end, they will also decide that. liz? liz: okay, grady, thank you very much. i'm sure there's limited and cautious relief at the moment.
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since the strike began, the stock down about 1%. but of course we don't know the long tale here. however, the general motors strike got a shoutout in the federal reserve's beige book report that came out an hour ago. the fed says the early impact of the strike has been limited. the beige book which gives a region by region temperature gauge of economic conditions, if you will, also found that household spending remained solid. solid was the word. but manufacturing continues to struggle. now if you recall, we saw that the real gauge of this, the institute for supply management manufacturing index fell in september to its lowest level since june of 2009. that was the second month of contraction. let's take another temperature gauge where the fed funds futures stand, the odds of whether we will see another rate cut come october 30th when the fed meets again. right now you could call it about a 90% chance that the fed will cut a quarter point october
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30th. so with the fed seeing the economy kind of expanding at a slight to moderate pace, and most other indicators looking relatively healthy, why would we need to cut rates in two weeks? guys, we have a december meeting as well. hit me start with john over at the new york stock exchange. i don't know, john if you saw this, it said that the manufacturing slump is not yet spilling over to the services part of the index. things aren't that bad. >> if the beige book is showing that industrials are slowing down as we hammer out a trade deal, that makes sense. and the fed would then want to put housing into high gear. that's something that he does have some control over. so for you and i, a quarter basis point may not mean anything, but for a young person who is trying to qualify for a mortgage, that quarter basis point or eighth of a point may make them a qualified homebuyer. and if we're looking around and trying to figure out where can
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we see some of this? if you look at your charts, reits number two sector behind technology. if you're looking for some leadership in the market, as we're a stone's throw from all-time highs, look at semiconductors. talk about the internet of things? in new homes, the internet is everywhere, in every appliance, and semiconductors are already there. semiconductors are already in all-time high territory. that's not a bear story at all. liz: yeah, you know, stocks indicator that is of course the basket of semiconductors everybody should know, big exposure to china, maybe it hasn't been that bad. all right. can i do --
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>> that's why those rate cut odds are so high right now. you know, the other thing too that you have to deal with, you are getting reports from the normally optimistic atlanta fed that lowered their growth forecasts from i think 1.8 to 1.7, so they are seeing some slowing in the economy as well, so this is not the type of environment where you want to surprise the market, not cut rates, and besides, you would never live down the tweet. you don't want that to happen either. it's in the bag. liz: we are watching that. by the way, friday china reports this third quarter gdp, so chris robinson, all bets could be off. i'm saying it right here right now, folks. you have to watch on friday because that number could very
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well affect the markets and it comes out overnight i believe so you would want to start watching fbn. don't miss that. where is there opportunity in the market? >> the simplest indicator we always talk about is copper. copper has been in a pretty big down trend, sitting at three-year low. that's something where, you know, you look at actually buying the physical commodity or looking at companies that would benefit from that. that's going to be something i think everybody is going to watch. again, you know, you have to continue to watch what's going on with our interest rate market. we always come back to the ten year. that ten year -- that yield -- that key yield at 1 1/2%, i think if that holds, that's something that, you know, your viewers could continue to watch because that's going to be a big factor moving forward as we go into this election year. liz: yeah, i think so. and seeing the dow reverse, not
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by much, started the show up a couple points, now we're down 11 points. we will be watching this again. very tight rope here as we watch every single earnings report. our thanks to our floor show traders. closing bell ringing in 48 minutes. johnson and johnson, it is already got its post earnings pop yesterday. so what's putting it right there at the top of the dow 30 heat map in this final hour of trade? word that j&j will pay a 4 billion dollars blanket settlement for all claims accusing the company of spreading the opioid epidemic is giving the upside move to the stock of $2.21 to 135. say it ain't so, has a long time buffett disciple just completely abandoned the church of berkshire? up next, the mistake that now former shareholder says the oracle of omaha has made and what he's now doing with the money he just made, selling every last one of his berkshire
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liz: buffett loves his banks, but maybe he loves one more than the other. billionaire warren buffett's berkshire hathaway as put in a request to e for permission to increase its stake in bank of america above 10%. currently berkshire holds about a 9.9% stake of the financial giant. does the world's greatest investor have a trick up his sleeve when it comes to bac? one long timeshare holder says he doesn't care. he's done waiting. he's out. after holding since 1998, wedgewood partners has now
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jetsonned its berkshire shares. he's saying the oracle of omaha missed the all time great bull market. pretty strong statement. we thought, let's get this guy in here. he came. wedgewood partner joining us in a fox business exclusive. on the heels of this news
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>> who knows going forward but there must be something different in mix of the bank stocks i think it is probably buying back a bunch of shares than what they have done in the past. liz: here's the year to date of berkshire hathaway compared to the s&p 500, with berkshire up about 2% versus the s&p 500 up 19%, mr. buffett has underperformed when it comes to berkshire overall, but why -- because you have owned it for 20 years, why are you selling every single share? >> two big reasons. the company's bigger. the cyclical businesses are slowing down in a slower economy. the other reason is capital allocations and there's two parts to that. the first part is mr. buffett has stated repeatedly for years
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that his preference is to buy companies outright, then maybe common stocks and then his own shares. but when you look at his track record on the companies that he's bought, either on the common stock side outside of apple and you look at precision castparts -- liz: that wasn't common stock. he outright bought those. >> those were the businesses, it is hard to give mr. buffett anything more than a c in capital allegation, businesses he bought outright or common stock picking over the past five, ten years. liz: but you are telling me that the value of berkshire, with its 70 plus businesses, not to mention more than a handful of them are the size of fortune 500 or fortune 200 companies, you don't believe in the world's arguably greatest investor of our time? >> we have for a long long time. listen, we've been very patient, waiting for him to deploy all of his cash. if you follow buffett and you don't understand the virtue and
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value of being patient, you're never going to learn anything from him. liz: uh-huh. >> but enough's enough. we thought we found better opportunity for those -- we only own 20 stocks. we're not going to own everything, just out of loyalty. so we sold berkshire and largely moved that into -- liz: where?>> alphabet. liz: google. you took the 220 million dollars or quarter of a million here worth of berkshire that you got in profits and you shifted it to alphabet. why? what about google do you think is going to be better than -- >> we bought -- i mean, the stock over the past 12 months is
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up about 12%. 8% of that has come in just in the past three months. the stock has been pretty flat for the year before we started to buy it. we've owned it for years. the stock had been underperforming. the valuation came in -- it's our top five holding right now at about 8, 8 1/4 percent waiting. liz: if warren were sitting right here, he would roll his eyes and he would say fine, go ahead, i don't care because he only wants shareholders who believe in that berkshire story. what would you say to him? >> i believe in him. i believe even more so in berkshire hathaway stock. i've been riding for years -- i have been writing for years in our client letters the biggest elephant mr. buffett can bag in his own backyard at the ohm omaha zoo at his own stock. over the course of the great bull market, berkshire is up
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270%, a big number, s&p is up 370%. those are our bookends, fuif yo will, liz, that we view the decisions we make. i think he would have been better served buying a lot more stock the past 20 years than some of the missed cues of capital allocation. liz: would you regret it if he makes a play for all of bank of america by raising cash and selling all the others? >> we will be backing the stock with bells on our toes if he makes a significant move. liz: david, good to see you. he wanted to see more share b buybacks and a dividend >> i don't want to see a dividend. buy back the stock, reduce the flow. liz: interesting, you are one of a few in the world who have sold out the entire position of berkshire hathaway. we will check back this with you as the story develops.
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>> thank you. liz: no more pins and needles with the closing bell ringing in 38 minutes. the dow is now down 27 points. pinterest is looking to snap a two-day losing streak, sparked on monday that would be the day the 2019 unicorn ipo's lock-up period expired. initially getting pins down this morning on reports that goldman was ready to shed about 4.7 million of its shares now that institutional investors got the green light to get out and unload their shares. but pinterest debuted on august 2 27b at 19 bucks. -- august 22nd at 19 bucks. it is at $25.59 right now. slightly higher on the session. also got an upgrade to buy from pivotal research. chock up another win for the t-mobile sprint merger, but even as another commission gives its blessing to the telecom marriage. charlie is about to break it next on the very determined forces still looking to cut the line on the merger.
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>> the federal communications commission putting a ring on it today. the fcc today officially approved t-mobile and sprint's multibillion dollars merger, creating what will be the third largest wireless network in the u.s. but hold on, hold on, some major regulatory threats still remain on the line. fcc commissioner brendan carr is here to join us along with charlie gasparino. what is holding this up? charlie you go first. >> i think we turn to brendan here. the fcc has approved it. now the states are still suing. what was interesting, brendan, is one of your democratic colleagues on the fcc is basically applauding the states pushing them on to try to block the merger. she wrote an op-ed i think in the atlantic today laying out the sort of opposite view from
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you that this will lead to higher prices, this is going to lead to less competition, that dish being involved this as the fourth carrier created turn justice department's consent decree is a fig leaf. we have really gone from four carriers now to three and that's bad for consumers. what do you say about that? >> i think this transaction puts up two very fundamentally different approaches to technology and regulation. i think on the one hand, we have seen some take a very back wards looking approach, that fails to see where the --
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>> so far we have seen strong competition from verizon and at at&t, but seeing very little competitive pressure from sprint and t-mobile. my colleague talked about sprint having 5g plans, but they are limited to a handful of big cities when you look at making sure 5g is transformative for millions of americans this transaction puts sprint's underutilized spectrum to use to the benefit of not just rural america but millions more americans.
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i think that's part of the very fundamental different approach we have taken here. liz: but brendan, why do the states have so much power in this and when will they at least begin to crack? i mean a couple of them charlie has reported has started to move away from standing in front of this merger and -- >> and joining the lawsuit. liz: exactly. these courts are -- i get the concn for the consumer, but there are a whole bunch of other issues as well. t-mobile has said they actually promise they will not lay off people. they promise they won't hike rates. and this way you don't have an entire company going out of business because it couldn't merge, ie sprint. you know, where is this angst and anger coming from about this merger? >> when you look at the state lawsuits and the ags that are leading those, it is predominantly democrat ags that represent states with some of the biggest cities in the u.s. the reality is, in those places, 5g is going to be delivered
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almost regardless of what happens here in d.c. but from our perspective, we have to look nationwide. and the transaction before us puts in a commitment to build up 5g to 99% of america. that is millions of rural americans that but for this transaction -- >> that's a great point. the communication workers of america, a union, also do a lot of lobbying, how much are they behindhe lobbying against this deal, prodding these democratic state ags forward to sue to try to block this? because they don't like the deal, you know, the unions don't like it for some reason. >> from my perspective, though, this is a fantastic jobs story. again, when you look at where we are in wireless today, and where we're going to go, what does it take to compete in 5g, and does sprint have what it takes to truly build out? our analysis is that the commission showed that it had a lot of underutilized spectrum to building out that network will put a lot of americans to work. in fact we have a shortage right
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now of skilled tower techs to hang antennas and build out this infrastructure, enabling this transaction will put more people to work building out in parts of the country that don't have choice. >> i need a prediction from you. is the deal going to go through, the democratic state ags going to prevail? >> i respect the judicial process and the court will ultimately decide that, but i would hope that they take the same approach that we do which is to look at competeition and look at what it takes to compete today and understand where things are going in wireless. when you look to the future, this transaction ends up being in the public interest. liz: they should also be thinking if huawei is shut out, the very tower tech operators that you are talking about we will need more of them. great to see you, brendan. thank you. >> notice how he didn't want to predict? >> thanks for having me on, i appreciate it. liz: he's here exclusively. he chose charlie and the claman countdown, i think that's significant. we have been covering the story
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very clearly. >> we both have very gray hair on his face. liz: you and him, not me. [laughter] liz: thanks brendan and charlie. opening pandora's box with the closing bell ringing in 27 minutes. netflix firing off its latest theatrical, in directly at the heart of traditional film industry, but not so fast. box-office giant amc returning its rival digital fire. up next, social media pioneer turned movie funding guru on just who especially when you are talking about amazon, disney, who ultimately claim the content crown? he's next on "the claman countdown". each day a little sweeter. adp simplifies hr,
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our network; to find out if you can save on your prescriptions and to get our free decision guide. licensed humana sales agents are standing by, so call now. liz: wall str up for netflix earnings. they are out less than half hour away. and the stock, while down more than 20% since last quarter's disappointing earnings, because of course the streaming lane has gotten crowded the stock is moving higher by about a percent right now. when we talk about crowded, apple launching its apple tv service november 1st. disney following with disney plus on november 12th. then 2020 we see the launch of at&t's hbo max, and nbc's peacock, on top of all of that, amc t movie theater company launching a film streaming
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service, taking the fight to netflix, that netflix first took to them. look at the pricing on your screen. hbo max's starting price a bit higher than the competition. right there at 14.99. you can see at the cheap end $4.99 for apple. apple is usually the most expensive on anything you buy but they want in and are cutting to the bone when it comes to price. is the future of streaming coming down to money or content? chairman and ceo and founder of slated the first ever on-line film finance marketplace is joining us live from hollyweird. i can call it that because i'm from l.a. >> why not. liz: my mother bristles when i say let's unpack this story but we do need to unpack what's going on here. putting amc aside, that's insane, the movie theater company going into streaming
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films but netflix could face some real fisticuffs here >> yeah, the streaming wars are heating up big-time. look, netflix is way ahead with 150 million subscribers. i don't think they will be quaking in their boots just yet. as you pointed out, starting november, the competition starts to heat up, starting next year, people will have to decide which subscription services to stick with. i think when it comes down to ultimately, is the content. everyone wants great content. the loyalty are to the shows and to the movies, and that is what makes amc's move quite brilliant as well. >> i would think, but also let's talk, apple, first of all 4.99 and they are saying you get up to six people on the same account. that's certainly exciting i think for some people, especially when they are going family oriented. but when you talk about content, doesn't disney win hands down? they have all of the superhero movies, marvel content and all the disney films? >> well, you would think that -- with that advantage that disney
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has, they could win, but the truth is, is that doesn't fill up enough hours of the day. everyone now wants hours a day of high quality programming 365 days a year. by the way, when you leave your house, where are you going, but a theater? so disney may have a lot on the biggest well known franchises and the biggest known ip, but things ebb and flow, people get tired of that type of content and then crave original content. you go back and forth over the decade when originals winning, then franchises, then originals. attend of the day -- at the end of the day, everyone wants great content. if they can't leverage existing ip, they have to go and acquire original content. who is going to be the most official and nimble at acquiring content or developing in house? not everyone can go and invest in everything. even netflix can't afford to make everything now. liz: apple has the jennifer aniston show coming out. she just broke the internet because she went on instagram. that morning show about tv
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newscasters, of course finds us so fascinating, i don't know why, but it makes me wonder, apple is smart. and you know that they are in it to win it. tim cook is just that kind of guy, and he has always said, we don't purchase other people's stuff. we make our own. >> sure, and that's actually where netflix started as well, and that tail clearly wagged the dog of the industry. so to make a splash initially, everyone is spending big bucks. everyone is trying to have their house of cards moments which is really really smart. but ultimately as the competition heats up, and as netflix discovered, they had a debt problem. ultimately you can't just keep spending your way out of this. you eventually have to turn a sustainable profit. everyone wants really good content. and the real winners in all of this are the content makers because there's never more places for them to get their content sold. i'm talking about the film makers, writers and producers. and everyone ultimately needs original content and emerging
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talent. it just so happens that literally our business. we are the largest on-line marketplace supplying independent films. the peanut butter falcon, the public, these are all films that ended up here. we've now had over 1,000 completed and 800 released movies of which 140 of them were theatrical. that's some sort of a record. liz: that's great. >> we have become the largest supplier -- if amc is out there or netflix, they have bought content that was created on slated and may not even realize it. we're here to supply all of the original content that's being made by the independent filmmaker marketplace, and there's growing -- there's exploding demand for that type of content. we've built in our analytics in the marketplace to specifically help surface the best content there is, the stuff that can make money and win awards. liz: steph paternot, you're
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putting sam goldwyn's memory, when you've got the front seat. fascinating to hear about. thank you. november 12th is disney's -- it is a crazy time. thank you very much, good to see you. >> thank you. liz: lucky 7 for tesla. seven straight win. we will tell you what has investors so charged up that we could see the checkered flag drop eight in a row today. steph paternot has been one of my guests on my pod cast. we're pretty sure you have heard his voice. my pod cast's guest rob paulson, the noise behind the ninja turtles and he's voiced more than 250 other character.
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hear how he went to fighting for his life after all things a throat cancer diagnosis put his entire career in jeopardy. voice lessons available now on apple, google and fox news pod cast.com. please listen to this story. totally inspirational. great success. let me know what you think. i'm @ liz claman on twitter.
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liz: tesla charging towards its eighth day of gains, longest winning streak since january of 2013. you would have to go back that far. this rally is credited to investors realizing they may have overreacted to disappointing delivery numbers earlier in the month. oh, really? of course they overreacted. the bullishness comes exactly one week ahead of elon musk's electric empire's latest quarterly report that's due out after the bell next wednesday. but for now, the bells are ringing, up half a percent for tesla, $259.37.
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connell mcshane the always electrifying host of after the bell joins us next. connell: very nicely done. liz: mad genius and elon musk? >> one thing at a time, liz. one thing at a time. the shirt and tie picked out for netflix earnings today. we will have to get through that first and see what happens. one thing real quick on netflix, i know you talked about it, they had bad quarters before, they had a rough one last time with subscriber growth. almost every time they have had a rough quarter, they bounced back the next one. it will be interesting to see if that streak continues at the top of the hour. in addition to that, we will get into last night's democratic debate a little bit, not so much on what was said on the stage, but what was left out of that debate, and it is one of the topics that we talk about all the time, china. what happened to china? we will talk about that and a lot of netflix talk coming up at the top of the hour. liz: right now it is earnings.
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china has been -- [inaudible] -- many moments the top of the past couple of quarters. connell: yes. liz: good to see you. the dow is down 13 points. up next we will take you deep inside ibm's potential numbers as it gets ready to reveal earnings after its 34 billion dollars acquisition. gerri willis has it all when "the claman countdown" returns. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction,
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liz: eight minutes till the top of the hour, ibm preparing to report its first quarterly earnings results after the 34 billion dollars acquisition of software giant red hat. gerri, it's up year to date, not bad. >> but not today. let me tell you. the dow get nothing help from
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ibm; right? today we're going to be looking for red hat results. take a look at these estimates $2.67 on the bottom line. that would be down 22% a year ago. estimates 18.22 billion dollars, that's also down, and would make the fifth straight quarter of revenue declines for this company. by the way, something else we will be watching out for, ibm says that only amazon and microsoft have larger -- [inaudible]. liz back to you. liz: thanks gerri. >> you are welcome. liz: closing bell 7 minutes away. the dow is down 12 measly points. it is waiting for news on netflix, ibm and some other names that are coming out, but you know what? put those aside for a minute. forget brexit. forget hong kong's protests. today countdown closer says he
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has watched very overlooked indicators that he believes could affect your portfolio more than anything else on your screen or anywhere else. you've got to ignore this at your own peril because he's about to unveil it, next on "the claman countdown". ...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. dad! dad!! .es .
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and i...was... take shocked.test. right away, called my mom, called my sisters. i'm from cameroon, congo, and...the bantu people. i had ivory coast, and ghana...togo.
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i was grateful... i just felt more connected...to who i am. new features. greater details. richer stories. get your dna kit today at ancestry.com. ♪ liz: economic data. earnings seeming in the drivers seat for traders right now. you could throw in china trade deals. today's "countdown" closer says there are two very different market indicators anyone with skin in the game need to be aware of and follow. funny thing, you probably are, even without knowing it. can you guess what we're talking about? let's bring in rusty joining us with orion advisors. chief investment officer.
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18 billion in assets. get to the first one. >> let's do it. liz: short term indicator? >> all the tweets from president trump. short term that is moving the market each and every day. it is roller coaster ride. one day it is up, one day it is down. the tweets are short term market mover. liz: people should watch or act upon them or be aware? >> i work with long term investors. avoid them if you can. it will mess up your plan. liz: knew market indicator 35 times the market has fallen. i don't know what time element is this is over, for just today? tweets in a single day. okay. he tweet as lot. let's get to the longer term for many of our investor audience viewers. >> this is what i think is important. looking at sentiment. in the long term the market is really a weighing machine.
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about valuations and fundamentals. shorter term, talking about months. right now sentiment is at extreme levels. investor sentiment is some of the most bearish levels in decades. analyst sentiment on earnings, very bearish. portfolio managers are negative too. they like long treasurys and cash. put that all together, usually get extremist sentiment, market reverses. liz: which sentiment indicator do you watch? consumer sentiment? business leader sentiment. homebuilder sentiment? >> american association of individual investors has a long data history. that is a great one. get it weekly. play with it for free. ly say it again? >> aaii. american association of individual investors t has weekly data. the basically the conclusion when end is meant is this negative get above average returns in the stock market, one month, three months, six months, 12 months. i think we have a situation w
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best fourth quarter in the stock market next 20 y. [closing bell rings] >> liz: he gave his key. investors waiting on tenterhooks for ibm. netflix and more. that will do it for "the claman countdown." connell: possible warning signs for the economy dragging stocks today. the report can shake things up tomorrow, what we look out for, stocks faltered with retail sales report. first time in seven months. the dow fights for gains, ends up down 17 points at close. we're waiting for netflix numbers, bring you as soon as they come out from the streami giant. that stock down 22% or thereabouts since the last earnings report which was a dud back in july. i'm connell mcshane. melissa: i'm melissa francis. s&p 500nd

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