be the next sector to lead the market. charles: thank you, as usual. appreciate it. got you down for deere for sure. we are off 185 points. again, liz claman, boeing and j & j accounting for all of that and some really worrisome news at boeing. liz:indeed. and in fact, we are getting breaking headlines on new results of asbestos testing on baby powder made by johnson & johnson. separate from the most recent testing positive. we will get to those results and see if they are moving the stock. could the deaths of 346 people have been avoided? a boeing bombshell. the aerospace giant getting slammed at this hour by both the federal aviation administration and investors, after a stunning revelation. instant messages between two employees indicate that the company appears to have misled its top regulator about key components of the very safety system blamed for two deadly

crashes that killed 346 people and grounded the entire fleet. the faa demanding an explanation at this hour. and the revelations are, as charles said, taking the wind out of the market sails as well. before the news broke, wall street was cruising toward a second straight weekly gain. that is now in jeopardy depending how the final hour plays out. the dow down 179, the s&p lower by 5, the nasdaq losing 50. plus, the key to life after apple goes right to walmart's door. we've got the former apple exec who is giving walmart direct access to your refrigerator and to walmart's new in-home grocery delivery service. the level home cofounder is here in a fox business exclusive with his invisible lock. plus, why do president trump's top economic adviser call the federal reserve the deep state, and why is he walking that comment back now? plus charlie breaks it on wework's new rescue line. less than an hour to the closing

bell on a busy friday. let's start "the claman countdown." liz: breaking news. along with boeing, johnson & johnson is the other big drag on the dow jones industrials. it still cannot move off its lows even on this headline. after a first lot of baby powder tested positive for asbestos and forced a recall of some 33,000 containers of the talc, the food and drug administration is now reporting that a second separate lot actually tested and came back negative for the cancer-causing agent. both were random testing of different lots. the fda has found trace amounts of asbestos in a sample taken from j & j baby powder purchased online and is advising consumers to stop using powder from that batch. credit suisse believes it might not be a very merry christmas for some key retail

names. the bank went on a downgrade spree today, lowering victoria's secret parent company, l brands, macy's and also the gap to underperform. all of them lower. l brands getting really smashed here, down nearly 9%. gap lower by 3.5%. macy's down 3.66%. l brands' price target was chopped to 14 bucks, just $2 above that right now, as analysts say victoria's secret, of course, the lingerie outfit a part of that company, may not be able to turn around the negative trends it's facing with all the challenges facing l brands, particularly in a tougher u.s. economy. we need to get to this bombshell report on boeing that hit the tape this afternoon and is absolutely slamming the stock which is now pretty much at its lows of the session, down 6% in this final 59 minutes of trade. the aerospace giant has apparently revealed instant messages sent by boeing's chief technical pilot indicating that

boeing misled the faa about the safety of the 737 max jet. the "new york times" obtained the messages sent by pilot lark forkner two years ago in which he expressed serious concern about what was then the new automated sensor system. the system blamed in two 737 max jet crashes within five months of each other, which killed 346 people and grounded the entire fleet. here they are, folks. the pilot reportedly messaged another employee saying quote, it's running rampant in the sim or simulator. granted, i suck at flying but even this was egregious. the pilot going on to message quote, i basically lied to regulators unknowingly. "the claman countdown" called the federal aviation administration. we got this from them. they say that the faa said only yesterday did boeing get the documents, including the two-year-old instant messages. quote, the faa finds the substance of the document

concerning. the faa is also disappointed that boeing did not bring this document to our attention immediately upon its discovery. but we also obtained the actual lett the faa sent to boeing, and folks, disappointed appears to be anderstatement here. look at the tone of this. faa administrator steve dixon sent a sharply worded letter to boeing's ceo dennis muilenburg saying quote, i expect your explanation immediately regarding why boeing delayed disclosing the document to regulators. the senate commerce committee has scheduled a hearing on october 29th with boeing's ceo dennis muilenburg, who just lost his chairmanship position. to jeff flock in chicago on how -- jeff, this may change everything. reporter: what did they know and when did they know it. if you're looking for a smoking gun, liz, you know, this certainly sounds like it could be something along those lines. i should point out mr. forkner,

the test pilot you reference in your report there, he no longer ishboeing. when he made reference to the fact that he unknowingly lied to regulators, he asked them apparently, according to the "new york times," eight months before these messages took place to remove reference to the mcas system, that questionable system, to remove that from the pilot's manual. so he obviously felt bad about that. he has consequently since or subsequently since said that he's invoking his fifth amendment right against self-incrimination as part of the doj investigation. so not good. you showed dennis muilenburg there just a short moment ago. he will be on capitol hill to answer some of this on october 29th. they've got earnings next wednesday, the 23rd. so they will have that as well to deal with. you talk about the stock. you mentioned it at the outset.

itot as high as $439.96n february 28th. you see where it is right now. it's beginning to fall as we speak. lastly, i want to leave you this. boeing now has just -- boeing based here in chicago, has just now issued a statement pointing out that it brought those text messages to the attention of safety regulators and the faa on its own. so they are trumpeting that fact. in addition, they say we will continue to follow the direction of the faa and other global regulators as we work to safely return the 737 max to service. but i tell you, this does not look good at the moment. liz: understatement. reporter: i would not want to be dennis muilenburg on the hill talking to congressmen and women. liz: the "new york times" just crushed it on this story. reporter: there's two. liz: i will say this. i was looking at some of the comments in the section, i

normally don't do this because you get a lot of people on there, but it gives you a sense of how absolutely furious people are. how could, this is what they're saying, how can boeing be trusted, gun smoking, criminal prosecution is called for. boeing has blood on its hands. good-bye, dennis. boeing, from an investment standpoint here, is shaving about 150 points off the dow jones industrials. we are working to get former ntsb chairman james hall on the phone. he's testified in many a crash situation. we are going to bring him to you as soon as we can. as we look at the dow jones industrials and the rest of the markets here, we are in the red. we do have the blue chips down about 177 points. and look what we have here. we do not have what appears to be a positive week, if you stretch it out to the five sessions. how should investors trade the latest headlines, but also, that would include possible developments on brexit this weekend.

to the floor show and our traders. phil, the boeing revelation, extremely disturbing. add to that the unknown tomorrow morning when britain's house of lords votes on brexit and we've got some big question marks facing investors. >> you really do. but you got to remember that boeing is not the entire stock market, nor is it the entire dow. i think sometimes people will see a move in a stock like this, they will throw the baby out with the bath water and panic. i mean, there's no doubt this is serious for boeing. if it happened the way it looks like it might have happened, that they hid this from regulators, they are going to get fined in a big way, more than just firing, there could be criminal prosecution. that will be a problem for another day. but then there should be other opportunities for other stocks. i would stay away from them right now but you could look at different airlines that could come into play at that point. the other thing when it comes to brexit, this is going to be a fear play. what we don't know is scary and what -- when we know it is going to be more the timing.

the bad thing about this is it's happening when the markets are closed, you can't really react to it, so the best way to react to it is delay the move. i think they will overreact to whatever the announcement is one way or another. liz: i saw on another business network, someone who is big on branding, i won't use his name, but i will say he said back in july, this is not a story anymore, it's over, muilenburg, you know, is pristine in all of this, and basically they were trying to discredit the whistleblower. folks, these are dangerous stocks to be in if there are still huge questions about them. all right. to tim anderson. give me a sense, tim, as we look at what's going on with the market action, what you will be watching this weekend heading into monday. >> well, clearly we will be paying attention to the brexit vote and in terms of today's stock market action, i think we have to look just a little bit under the high impact headlines being boeing and johnson &

johnson, which are attributable for all of the decline in the dow jones average today. and look at the degree to which investors are still rewarding companies that have positive earnings reports. coca-cola, up 2% today. a couple of other names would be schlumberger is up a percent and a half. it was up as much as 3% earlier. and kansas city southern in the railroad sector which has been beaten up quite a bit, is up 5%. so it's not like it's wholesale selling by any stretch of the imagination. liz: i will say, too, we will be talking with robert wolf in a few minutes about what the fed is going to do october 30th, but i will say the third quarter china gdp numbers, i told our folks about three days ago, i told our viewers watch out for this number, it came in at 6%, slightly lighter than expected.

we would love third quarter gdp at 6% but i will say that was the weakest pace in 30 years for china. gentlemen, have a good weekend. thank you so much. >> thank you. you, too. liz: i know those traders are doing something we all should do. that is keep an eye to the news flow over the weekend and the brexit headlines that could affect markets on monday. but this boeing story, we're not just going to let this go here. it is extremely important from both an aviation and investment story perspective. we bring in former national transportation safety board chairman james hall, joining us now on the phone. james, give us your gut reaction to the news that two years ago, a pilot was instant messaging to somebody else at boeing about how the safety system, this mcas, was a disaster and was extremely hard to control back then. >> well, this is just a bullet to the heart of our regulatory system that has served the traveling public so well, and i

applaud the faa administrator's action but i would urge him to go to chicago, to boeing, and demand that any documents related to the mcas be made available to the faa for immediate review, because it is obvious that documents have been withheld and there has not been transparency as pertains to the safety of that aircraft. liz: you know, it is extremely disturbing, and as the faa put it, disappointing, but they are demanding immediate documents and an answer as to why they are just now hearing about these instant messages. we can put some of them up on the screen, because in case people missed the top of the show, this is from a chief technical pilot who was simulating this mcas so-called safety system and for our viewers who don't know, it was a sensor system and if it senses that the plane is going into --

if it senses there's a problem, that the plane is stalling, it pushes the nose down. but if it misreads that, which apparently it did in both cases of the deadly crashes, that becomes a huge problem and the pilot said it's running rampant in the sim, meaning the simulator, granted i suck at flying but even this was egregious. again, the "new york times" obtaining this. i mean, part of us wants to be a little angry at the pilot for not getting this out there, but who knows, maybe he did tell management. what's your best guess here? >> well, i don't know, but on two levels, it's a criminal matter, obviously. there's been a tremendous loss of life because that same mcas system went crazy on two other flights with passengers, not in the simulator, and on the civil aviation level, there needs to be fines and penalties and

congress along with the faa need to restructure the relationship and the certification of aircraft and the oversight of airlines. liz: if it's proven that the ceo knew about these instant messages, do you thathk he could face any kind of criminal accusations here? >> well, i would leave that to the criminal authorities. i worked on the other side but obviously, when you have a loss of life here, and what people knew, when they knew it is obviously very significant and something the criminal investigation is going to look at. liz: james hall, former ntsb chairman, thank you for joining us on the phone at very short notice. we are watching boeing's stock closely. now down 6.33%. pretty much at the low of the session. we are standing at about

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liz: who among you hasn't wanted to come home after a long day of work to fresh groceries waiting in your fridge? not at your doorstep, in your fridge. walmart this week, beginning its brand new in-home grocery delivery service in select cities. you order online at walmart.com and then they literally bring the food to your house and stock your fridge, and you don't even

need to be home. it would not be possible without one unique technology that lets the walmart employee through your door. our next guest is a former apple employee and co-founder of level home, the company behind the world's first invisible smart lock. john martin, the co-founder and ceo joining us in a fox business exclusive. john, if you are going to let a partnership, walmart is a pretty big one. what cdid walmart love about yor level home system where they said we'll take it? >> great question. thanks for having me on your show. walmart and most service providers today struggle with the fact that the generation one smart locks that have been out to date put an extraordinary amount of weight on the consumer to change the design of their home. when we sat down and conceived the level lock, what we realized was the huge opportunity was really to do everything that was necessary to make a lock smart. your existing lock. inside the cavity in the door magically, and have it be something the end user diy could

simply install. that's what the level lock does. it takes your existing lock that you have, your existing dead bolt and makes it smart in under five minutes, you install it yourself. when walmart saw that -- liz: i think you overestimate my ability on something like that. >> well, we will give you a shot at it, see if you can do that. at the end, the objective was a home improvement person in the home could simply, you know, on a saturday afternoon, pop this in and take what they have, 1998 maybe is when they got their home, that's where that bezel set, that lock is from, we can make that 2020 with a simple diy, a single screwdriver. liz: how much does it cost? >> we sell for $249msrp. we are running a reserve program right now which you can get the lock for $199 for the next three months. liz: i need to know the inspiration for this. because you are a former apple employee. what did you do at apple that gave you sort of this idea to come up with something like this, and be able to make it happen?

>> well, it's a concept that is not really called it, but the name we give it is square zero concept. it's the ability to look freshly at what humans are doing, what the experiences they may want and go back to the very beginning to conceive something fresh and new that thinks different, that you can't see if you are in the middle of looking at what is existing already in the market. so this is the ethos basically that great product making has, the ability to go back to the beginning, strip it all down and invent something that's fresh that actually addresses the modern construct we live in today. liz: i'm sure a lot of viewers are wondering about the so-called creep factor. you've got a stranger coming into your home. i mean, don't you kind of worry about that kind of access that you are giving to random walmart employee, hoping for the best, but how do we know? >> well, what's nice is walmart's service, i can't speak to it too much because we provide the level lock to them as part of the service, but what's nice is they have a body

camera that shows you the footage of the delivery person coming into your home that connection between their phone and our lock is a secure, encrypted connection, and delivery windows are given to you. you get a full feed and full knowledge of every step they take in your home. that's where they think they have really reduced the tension that's in that. liz: we've got to run but is it true you came up with the idea when you drove all the way to your ski house and realized you didn't have the key? >> yeah. you know, you have to look the awhat's happening in your life and look at the things that are calling out to you. this was a moment arriving at a cabin at 2:00 in the morning with my family, didn't have the keys to my own house. my own house didn't know it was me and i found that to be quite offensive. that's where we got very determined and said okay, every home in america should have the ability to know who comes and goes when, and it should know the owner is there and let them in. worthwhile construct. liz: you aren't the only one in the world. amazon has amazon key and that's sort of the 800 pound gorilla. >> it is.

amazon key, on the other hand, puts an extraordinary amount of weight on the consumer's back to put cameras in their house, to put a big giant lock on the outside of the door. we don't do that. we do everything invisibly inside the door. allowing you to maintain the expression of your home. liz: john martin, level lock, thank you so much. charlie breaks it on wework next. ♪ ♪♪ ♪♪ ♪♪

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liz: as wework watches its cash run down like sands in an hourglass, so are the days of jpmorgan bankers' weekend life. charlie gasparino, what are they doing to save the company? >> that's pretty good if you're into soap operas. in any event. liz: creative, right? >> okay. yesterday as you know, we reported that they might have the deal. today -- or at least a status on the deal today, they, meaning jpmorgan, telling the wework board exactly where they stand with raising money, a $5 billion bank loan essentially for the

company to prevent it from going out of business. i mean, the bottom line is this. they will run out of money in november. that's what bankers know. liz: weeks away. >> sometime in november. might be able to get through half the month, so that's the timing. so what we hear is this. jpmorgan is expected, is delaying the briefing to the board on the status of the bank loan until sometime next week. they are going to work over the weekend, from what i understand. they are going -- they are still scouring the market for potential investors. they have interest from what we understand from 100 investors. we don't know if there are any commitments. it's one thing to say yes, i'm interested in throwing money at wework for a loan. it's another thing to actually put the money down. they are working on the coupon. it could be as high as 15% which is a big number. that shows incredible, the stress situation. but the fact that they are not doing it this weekend or today and probably delaying it until next week tells you they are having some problem raising

money from people. that's what you can -- that's what you can surmise here. we have tnot been told that's nt a good surmise. liz: have you been told there's no way this thing could ever go public? know what i was thinking recently? remember virtu financial had a very horrific attempt at going public. they pulled it and then years later, or a year later, it went and -- >> that was the high frequency trading firm. it's a little different in this sense. they didn't have massive liabilities. one of the problems why they pulled this ipo is because when you looked under the hood, lots of debt, it wasn't making money. liz: shouldn't the bankers or underwriters have done that well before this company even put pen to paper? >> all these quote unquote, unicorns, billion dollars, they are new companies that aren't public that have a billion dollar potential valuation and guess what, they are supposed to have unlimited potential, all these unicorns aren't making money. people are taking risks on them, on their future business.

yes,his t was special in the sense that it was more of a you-know-what show internally when you looked under the hood than what it should be. there are essentially three scenarios here. jpmorgan comes up with the cash next week, current management stays, they plan for an ipo in about a year, after they fix the thing, okay. if jpmorgan does come up with the cash, you get the feeling that it can be fixed. the other thing is softbank comes in and just buys the equity out. why? because they are in it so much, they can't let this thing go under. then they take a controlling stake, maybe they probably fire current management and the ipo is many years away. or a long time off. third thing is just break it up and sell it, let it just blow the whole place up. we should point out one other thing because i have been asking, adam neumann, the ceo, has come under a lot of fire, he's now executive chairman, he had resigned as ceo after the botched ipo, is he under any sort of regulatory pressure and scrutiny. i am told no.

that's his statement. i asked for a statement from his spokeswoman and that's what we got. i am told he is not under investigation. liz: i have a very important question. >> yes. liz: does anybody have a razor? what the hell? >> you know what this is? liz: what is that? >> this is arafat. liz: all the more reason. get me a razor. >> arafat doing the queer eye. like i'm a very, you know, stylistic arafat. that's what i'm playing here. liz: thank you. dilly dilly, the closing bell ringing in 29 minutes and all out brewing war breaking out as bud light makes new accusations against one of its top competitors. this time it has nothing to do with corn syrup. that's straight ahead. "the claman countdown" will be right back. [ orchestral music playing ]

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liz: breaking news. president trump has just announced he's nominating deputy energy secretary dan briett to be the new u.s. secretary of energy. of course, rick perry is stepping down and we will keep you very updated on any more details that become available. all right. so we need you to hear this. national economic council director larry kudlow did the backstroke yesterday after he suggested the federal reserve staff is part of the deep state. >> can you explain what that means, deep state? what exactly do you mean? >> a lot of veterans -- i don't really want to pick on the fed. they have a vast research department, lot of folks -- smart folks, i might add, professionals, but they've been there a long time and they stick to models that haven't worked so

their models, you want to call it deep state models, whatever. some of this is kudlow tongue in cheek. liz: as former ceo and chairman of ubs america's robert wolf had many a meeting and negotiation with the federal reserve or deep state, as larry kudlow has said, in a previous interview, then you know, blake burman started to hammer him saying wait a minute, wait, what, the fed is now deep state, is the fed deep state? >> no. there's a lot of ways to unpack what larry said. he's a good guy and i think he was being a little tongue in cheek, one. it works with the trump narrative to hit the fed because they are a great insurance policy to an economy that's slowing. more importantly, larry's a trickle down economics guy and that doesn't work anymore. it hasn't worked in years. i think that the numbers don't show that trickle down's working. because larry and steve moore and laffer and all them, who i

like all, but let's be clear, they said we would see 5% to 6% growth with the tax cut, that we would have actually fiscal responsibility and fiscal deficit has ballooned to north of a trillion. liz: where's the credibility there. >> i like those guys, you know, but i don't think his economics work. liz: larry and i go way back, too, but when i heard him say that, i thought oh, really, larry? et tu, brute? here's the thing. as you look at what's happening, we are bumping up against a federal reserve meeting coming up on the 29th or 30th of this month, october 30th, the announcement will be made on whether we see a rate cut once again. i believe fed funds futures indicate we are at about 89% chance we will see a quarter of a point. however, today, you had some fed heads coming out and talking specifically about that. richard clarida, vice chair, said the economy is in a good place. the baseline outlook is favorable. why then would you cut rates? if that's the case?

>> so i'm not in favor of a 25 basis point cut. i don't really think they should do anything. i think it's not needed. i think they should hold their powder. that being said, we are seeing global growth slow down across everywhere and including in the u.s., right. we have manufacturing for the most part, in a recession. we have retail in a recession. i think the only thing that looks really strong is services and consumer. cap x is down, industrial america doesn't feel great, the farm sector's down. so we definitely see some head winds coming our way. but we are chugging along. we are going to chug along at 1.5%, 2% and that's not a recession. so i think we should hold our powder in case literally from the geopolitical risk, it does come back in our face where we have to utilize it. liz: robert kaplan, dallas federal reserve president, said today he's agnostic about an october rate cut, quote, it could break either way. again, folks, what you use rate cuts for are emergency situations. so i'm just interested to know

what the emergency is. >> it's funny, i was for the last cut because to me, it was an unwind of the december raise they shouldn't have done. so i think it just kind of offset. but i think you hold the fed to a steady state until it's needed. you use it when it's needed. i wasn't for qe3 and i'm not -- i wasn't for ten cuts in a row. liz: how about qe forever? >> exactly. liz: we might be there. good to see you. >> thanks for having me on. liz: robert wolf. thumbs down to censorship. facebook's mark zuckerberg refusing to ban political ads from the social media site, but find out what he thinks about taking away president trump's twitter. don't miss this week's everyone talks to liz podcast. what an incredible story. he's the voice behind hundreds of voices in cartoons and commercials, specifically the teenaged mutant ninja turtles.

howe went from fighting off these criminal creatures to fighting for his life and entire career when he was diagnosed with blood cancer. apple, google and fox news podcasts.com. "the claman countdown" will be right back. i get it all the time. "have you lost weight?" of coue - ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go.

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my belief is that in a democracy, i don't think that we want private companies censoring politicians in the news. i generally believe that as a principle, people should decide what is credible and what they want to believe and who they want to vote for, and i don't think that that should be something that we want tech companies or any kind of other company doing. liz: facebook ceo mark zuckerberg telling fox's dana perino in the last hour that the

social network and no other private company should be allowed to censor politicians, even the commander in chief, those comments in response to kamala harris's suggestion that twitter should ban president trump. by the way, this is just one day after the social network creator defended free speech in an appearance in georgetown saying facebook will not be banning political ads. zuckerberg is not done yet in d.c. he will be heading back to capitol hill this coming wednesday to make the case to the house finance committee for facebook's cryptocurrency project libra, despite multiple potential partners jumping ship, including paypal, visa, mastercard, booking holdings and stripe. political and crypto controversies aside and by the way, we shouldn't ignore the fact jpmorgan's jamie dimon outright said today that facebook's libra currency quote, will never happen, shares are down just 2.25%. they are still liked up more than 42% year to date for

facebook. from the c-suite celebrity to striking out against those who hate capitalism, connell mcshane on what's coming up "after the bell." connell: here's a tease for you. we will have alec baldwin defending felicity huffman and steve forbes talking to melissa francis about all of them. too many stars in one thing. the baldwin comment, it's really weird, to be honest, but it's all about the demonization of wealth without giving the whole thing away. i'm sure steve will have thoughts on that. and great guests late in the show today, abby the astronaut, aspiring young astronaut will come in. she's been on with us before and will talk about the big space walk. big day for women in space. this young lady has a lot to talk about there. liz: alec baldwin on the show? connell: not exactly. steve forbes. steve forbes is a big star. liz: steve forbes, of course. connell, good to see you. thank you. sounds like a great show.

with the closing bell ringing in nine minutes and the dow down 197 points, again, boeing and j & j swamping the blue chips, look at this chart. can you guess which mystery commodity this is? now, that's a year to date picture but look at it going way back multiple years. boy, that's an ugly chart. we are going to tell you after the break, if you can't guess. our "countdown" closer will then tell you why you should jump in to get your portfolio pumping out green for years to come. that's what he says. "the claman countdown" is coming right back. ♪ ♪ ♪ ♪ ♪ ♪

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oh yeah, that's the stuff. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... and ask about saving $1000 on a walk-in bath, . . and financing is available for qualified purchasers. liz: closing bell, we're five 1/2 minutes away. markets near session lows. the dow down 196. but look at markets when you stretch it out for the week. could go either way in the final minutes of trade.

just so close but in the green for the dow. nasdaq, s&p for the week. gerri is live on the floor of the new york stock exchange for some of the week's biggest movers, gerri. reporter: winners and losers, liz. united health, jpmorgan chase, those stocks reporting good earnings. 14% third quarter profits, beat estimates. jpmorgan, record revenue for the third quarter. 3m riding trail winds of last week's trade deal. looking at boeing, a pilot for the 737 max jet saying he lied to faa regulators about the safety of that jet. that has brought that stock down hard as you can see some 8%. ibm posted weak third quarter revenue. revenue dropped for five straight quarters. go to the s&p. merck, unitedhealth, cardinal, three distributors here health care sector the best performer this week as we talk about

settlement in the opioid litigation. really helping these stocks as you can see right here. unitedhealth of course an insurer. s&p laggards, boeing not just a dow component but an s&p component. we mentioned the scandal with the faa energy was the worst sector, noble and timerex -- cimarex trading lower. liz: j&j boeing, accounting for all the dow's losses right now. before the break we showed awe chart a mystery chart if you will. we want you to look at it again. 14 years ago was the last time this commodity saw such lofty heights. any guesses? it is, dissolve, natural gas. you would have to go back to november 13th of 2005 when nat-gas was at 15.37 per mill

british thermal units. today, a paltry $2.35. our next guest says now is the time to buy, a long-term investment opportunity is on the horizon. hennessey gas utility fund senior vice president and portfolio manager ryan kelly is here to make the case. i heard this before, ryan. you have to sell me on this one. >> thank you for having me. that is a very interesting chart. that is the reason why the fund that i run and what i'm here to talk about have done so well. we're in a situation in the united states where natural gas is one of the most important parts our overall energy structure. it is growing in importance. we're using more natural gas than we have before. we're producing more than we have before, that is all because of the fact, related to the fact the price has come down so much i'm not here to tell you to invest in the commodity but the

distributors that have done so well, the companies that move natural gas around the country. we're talking about midstream companies. we're talking about utilities. utilities had a great run for many years now. we think that could continue for quite some time. exportation, we're taking natural gas producing, exporting it around the world. we haven't done this feel years ago. we're third largest exporter in the world. you want to play this commodity and play this, this low price, this low unstable pricing that we have. i think a good way to do that. liz: the names are on the screen cheniere and tellurian. liquid natural gas terminals. there will be a great opportunity. how long do investors wait for now? there are people waiting a long time for that ship to sail? >> you know, there is still a

lot of growth potential out there. there are unknown risks out there. the biggest one we're producing all the great natural gas. we're third largest exporter around the world but can cheniere and tellurian capitalize on the opportunity? can they lick questionfy the natural gas at low enough price to spread it around the world to make a great spread? that spread has come down. many times these companies have long-term contracts. they're looking in these profits over at a 10, 5, 20 year period. i still think there is, this is still very early stages. the first to market, cheniere energy, which is now the largest exporter is, there is still a lot more to gohere. liz: good to have you, ryan kelly, gas utility fund. we're just hitting session lows with 15 seconds left, in the

trading session. there go. a loss of about 240 points. the dow does not make it to sitive territory. [closing bell rings] i'm liz claman ma that is it for "the claman countdown." see you on monday. connell: a lucky close. misleading regulators about a key safety issue, that was a big thing for boeing, dragging the dow down. text messages that the company was aware of problems with the boeing 737 max since 2016. all averages mixed for the week. the dow is down more than 250. 254 as we settle in. s&p 500 and nasdaq firmly in negative territory. but not as much, percentagewise on the s&p as the dow. i'm connell mcshane. melissa: i'm melissa francis. th