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tv   The Claman Countdown  FOX Business  October 21, 2019 3:00pm-4:00pm EDT

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powerhouse because of energy abundance. charles: absolutely right. we take a lot of things for granted including what many think is just a gift to have this under our feet. look forward to the event. see you on wednesday. meanwhile, the dow is up 41 ints a i hand it over to liz claman. liz: you know, at this very time friday, boeing was under massive fire. today, analysts are taking the baseball bat to boeing shares again, with two huge downgrades and now in just the last two hours, the european regulators are piling on with a scathing assessment of the embattled aerospace giant and its grounded 737 max jet. by the way, ceo dennis muilenburg is facing his board. we don't know when, but sometime today in san antonio. anything that comes out of take meeting, we are going to let you know. how does this play into the overall markets? they are slightly higr at the moment but the dow actually even up 36 points would be much higher if not for boeing's 4% losses right now.
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trade optimism is spurring the buying overall after national economic council director larry kudlow says december tariffs might be withdrawn against china if talks continue to go well. he made those comments right here on the fox business network. meanwhile, new worries about the future not of u.s./china trade but u.s./mexico/canada and that trade agreement. canadian prime minister faces a tough election test today. what happened to when these three leaders signed that? what happens to the new nafta if he fails to win? we will ask original master negotiator, ambassador charles reese, in a fox business exclusive. and two ohio counties settle for the first of its kind lawsuit in cleveland in the 11th hour, right before trial was supposed to begin. four of its opioid opponents say we don't take any responsibility, but here's $250 million. the man who invented the life-saving antidote to opioid
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overdoses, dr. roger crystal, is here in a fox business exclusive. he is part of thesolution. does anything about this settlement solve anything and what is dr. crystal working on now? less than an hour to the closing bell. let's start "the claman countdown." liz: we have breaking news. there is more fallout from the fisher investment situation. it seemingly has not ended at the moment following allegedly sexist comments from the firm's leader, ken fisher. the latest to drop the money manager, a big one. fidelity. his firm had managed half a billion dollars in one of fidelity's small cap funds. now at this point, more than $1.8 billion in assets have been pulled by various different funds since fisher made what
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were deemed to be very obnoxious and offensive remarks back on october 8th. we are watching this story as it continues to peel back more and more layers. in the meantime, we have a pretty picture for coty stock after the cosmetics maker said it is exploring the possible sale of its professional beauty business. that includes names like clairol, wella. it's jumping 13.66% at the moment. coty says what would they use the proceeds for? they would pay down debt and return cash to investors. the latter part gets everybody excited. that's why most likely this stock is jumping at the moment. all right. something smells on the south side. peloton stock downhill despite a slew of buy ratings including from the stationary bike's underwriters. you would expect that, right? coverage was initiated of the so far unprofitable firm today with bullish ratings such as buy or
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overweight. this despite the stock falling 24% since its december 25th debut. it's down about 4.25% right now, $22.51 for the spin bike maker which i love. i have one, but you know, if you are going to own the shares, let's see some profits here. that's been the problem for smiledirect club, also unprofitable. underwriters pitching a buy. it is now the worst ipo of the year. how does that work? uber down 30% since its ipo, most analysts covering the stock also have it at a buy recommendation. folks, that's why you should include us rig here on fox business in your education when it comes to buying stocks, because we should be an important piece to give you the story. right? we hope we just did. let me get to european regulators who are now piling it hard on boeing. now they are saying in the last hour and a half that the 737
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mcas software system, the system that had all kinds of sensors on the plane that is now at the center of accusations of causing two very fatal crashes, these european regulators are saying they should have never designed that system the way it was. this crossing the wire moments ago. europe says that it is entering a critical phase of its tests to see if the 737 max could return to service. they say it will be january at the earliest. right now, boeing is down 4%. most of the day it was down 3%. but when these headlines started hitting about an hour and a half, two hours ago, went down another 1%. it comes as the company holds its board of directors meeting in san antonio today. the stock clipping the dow's wings for a second consecutive day, shaving some 90 points right now off the dow, which is up 46. you can only imagine if you do the math where we would be if it were not for boeing. today's downgrades follow friday's bombshell report about boeing misleading the federal aviation administration on the safety of the 737 max, and it
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involved certain texts and instant messages that revealed that test pilots were horribly concerned about the mcas system two years ago. of course, the mcas system is pointed in two fatal crashes in the last 12 months. former national transportation safety board chair james hall here on friday called it a criminal matter. >> 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. liz: kristina partsinevelos has been watching these late-breaking details in the newsroom and this could be a major turning point not just for boeing but for the ceo, dennis muilenburg. kristina: yeah, you have these negative headlines that
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continue, they keep pushing out the timeline. you just mentioned the european regulators that said the earliest they could possibly see the 737 max planes in the sky is january 2020. but then you also have southwest and air canada that have both said they are not planning on putting those planes back into service until at least february. so it seems like it keeps getting pushed down and that's part of the reason why you're seeing wall street completely hammer this stock. you are seeing downgrades across the board. i will start with credit suisse because theirs is quite vocal in terms of why they downgraded to neutral with a price target of $323. you had the analysts saying we can no longer defend the shares in light of the latest discoveries, discoveries which significantly increase the risk profile for investors. therefore warning that this stock will be very risky for you to hold right now. the reason they are talking about those discoveries, it's what you alluded to, the leaked e-mails and instant messages that came from the lead boeing pilot that revealed that he could have misled the faa. you also have ubs that is moving
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away from its 14-month bullish sense, downgrading to neutral. their price target is $375. be downgrading. as we know, we have been talking about it all day, it is the worst performer on the dow. you have all of these boeing bulls that are bailing on the company, and it comes as executives are meeting in texas and just to bring it full circle, you asked about the future of dennis muilenburg, the ceo. he was stripped of his title of chairman. however, you have earnings that are coming out on wednesday and you also have him testifying in front of congress on october 30th. so right now, you need to have somebody there to take the brunt of that. especially when it comes to earnings, two major things i have heard from some traders in the notes that i'm reading. they are going to be looking at the near-term production rates to see if there will be any job cuts and then any details about putting any of these planes back in the air, maybe january, february, who knows. liz? liz: i don't know anybody who is going to go on this thing. i mean, except for muilenburg,
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who said of course i would be ready to jump on board once they give the green light. kristina: all the executives said they would fly it once it was back in the air. liz: of course. yeah. ask the guys who are forced to put it together on a very, very fast timeline. thank you very much. kristina partsinevelos. boeing is just -- look at this. one of the 125 s&p 500 companies that report earnings this week. who else we've got, mcdonald's, microsoft, chipotle, intel, amazon, twitter, hershey, 3m, verizon, so many huge names. while third quarter s&p earnings are down slightly from last year, so far it's not that bad. 82% of the companies that have reported so far have beaten earnings per share estimates. so let's talk about for this week, which companies will surprise and by the way, it goes both ways, to the upside and to the downside this week. to our floor show traders. scott, what do you think? who's going to win and lose
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here? >> i have some skin in the game. i think advertising trends are doing better, user engagement is up, i think they could surprise to the upside. i feel like microsoft, which would probably have a bigger impact on overall the s&p and sentiment, is wednesday after the close. they are priced pretty much for a big beat. i'm kind of thinking they might not impress enough to get that going. i think that one could be a disappointment. liz: so by the way, snap is having a great day today. it's jumping exponentially when it comes to snap in a regular sense. you tell me what you think. as you see, scott has an upside and downside. >> i think right now, on the upside is intel because they are the ones we have been getting all the bad press about lately, right? and intel of course has been downgrading their earnings. they are set up to beat, right? everybody has been downplaying a little bit. you know, you mentioned twitter, of course. i don't think twitter's going to do well.
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i think their management is silly. here you've got the best advertiser in the world, president trump, tweeting 15, 25 times a day and you don't embrace it and you sort of fight him every step of the way. i can't imagine the company's brain trust is doing very well on that. i also like mcdonald's. i think mcdonald's will be a good one as well. i think there's a lot on the upside that are looking pretty good. liz: best french fries ever. can we just say that? >> yeah, hello? thank you. liz: chris, what do you think? who will surprise to the upside or to the downside and once you say the names, we can get a sense of how much that might move the entire sector. >> well, i think if you're looking at the overall market, you have to look at amazon, right? it's hard to do anything today where you're not at least invited to use amazon to buy something or have something delivered. that seems to be a big juggernaut and you know, you head into these earnings reports, it's a frozen point in time. so you can get a beat or a miss,
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then a week from now, we could be recovered. i like these earnings reports. it gives you a good chance to sell a rally or buy a dip, then you've got to look and see, probably the biggest what-if has to be boeing. boeing, that stock had a $150 trading range this year, back in january it was below $400 awhile, it got to $440. here we are sitting in the mid threes so people, if you own boeing, you have to say if you owned it from four and above, you are probably kind of worried. if you ownedrom sub-300, probably not so much worry. that's going to get a lot of attention tomorrow. if there's a beat there, there certainly are a lot of people the past couple days that have been selling boeing. they could be out of position this time next week. you never know. that's why we have these fixed point in time, givesou aood chance to catch a move. liz: boeing and management there have really violated the cardinal rule of crisis management, guys. just get it all out right at the front.
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this drip, drip water torture situation makes the shares, i think what i'm hearing you say, chris, certainly dangerous. gentlemen, thank you so much. good to see you on the floor show. walgreens boots alliance following right behind boeing at the bottom of the dow 30 heat map. you can see it is down and not by much, but still $54.41, you don't even have to wonder what's going on. we are about to tell you. the drugstore chain's opioid trial in ohio, done. it didn't even happen. because it's the only defendant in today and its historic settlement, not to reach a settlement with local government. shares are currently under a little bit of pressure here but in that dramatic 11th hour move, the four drug distributors who did manage to dodge going to trial over their role in the deadly opioid epidemic are down, but with just two of the 2,400 lawsuits now settled, who can really claim that settlements
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cure the deadly addiction? dr. roger crystal, the man who created the one and only drug on the market that can reverse opioid overdoses in just a minute is here. the inventor of narcan on what's really needed to cure america's addiction crisis. that's next on "the claman countdown." managing lipids like very high triglycerides, can be tough. you diet. exercise. but if you're also taking fish oil supplements, you should know, they are not fda-approved, they may have saturated fat and may even raise bad cholesterol. to treat very high triglycerides, discover the science of prescription vascepa. proven in multiple clinical trials, vascepa, along with diet, is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33%, without raising bad cholesterol. look. it's clear. there's only one prescription
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liz: we have this breaking news just coming in. the white house personnel director is telling president trump that his top candidates to head the department of homeland security are not eligible for this job. under federal laws, neither ken cuccinelli, nor mark morgan are qualified. current acting secretary kevin mcaleenan submitted his resignation to president trump
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earlier this month. now to the opioid settlement story. you know, the long-term impact on our children that have been byproducts ofhis hlth crisis won't end just because a settlement has been done. so the question is how much is enough. this is not enough. liz: that was eileen shapiro, summit county executive in ohio after four of the biggest titans in the drug industry reached this last-minute $260 million legal settlement over their roles in the u.s. opioid addiction epidemic. the settlement covers drug distributors amerisourcebergen which is down nearly 3%, cardinal health, down 2%, mckesson down 2.66% along with teva pharmaceuticals which happens to be up 8%. this ends lawsuits by two ohio counties, summit and cuyahoga. as we talk about this, the
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opioid crisis continues to worsen day by day. our next guest plays a crucial role in combatting this crisis. he's the inventor of narcan. it's this life-saving nasal spray that reverses an opioid overdose and has saved countless lives, including that of pop star demi lovato. dr. roger crystal, ceo of opiant pharmaceuticals, is also developing new therapies for this awful situation. first of all, doctor, as ceo of opiant pharmaceuticals, i would like your gut reaction to the settlement of just two of the 2,400 lawsuits. >> the settlement in itself doesn't really give us much information in terms of the amount of money they have been fined. only to say it's a drop in the ocean compared to the overall magnitude of the problem. the overall recognition of our government, whether that's local
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or federal, that we have auge issue on our hands, is going to take a huge amount of effort to repair this and one of those aspects is to fine those who have allegedly contributed towards this crisis. it's a start but it is only a start. liz: okay. just a start. now, your narcan product is a miracle drug. emts are carrying it. even schools have it now, because basically it immediately counteracts the issues of an opioid overdose. police departments have it. emergency rooms. tell me what the development is doing at this point and of course, there are some states now that are selling it over the counter without a prescription. >> the knock on nasal sprays is it was designed with the mindset that anyone should be able to save a life using a simple nasal spray in any situation as easily as possible. and we are very pleased to see
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it being used this widely but it really ought to be used even more broadly than we see things today. in fact, our commercial partner is responsible for that wider distribution and they are making terrific efforts to do so. what we need to recognize, however, is this opioid crisis is really a fentanyl crisis on the basis of more than 50% of opiate overdose deaths contain this opioid called fentanyl which is 50 times stronger than heroin. so when we develop the narcan nasal spray, it was relatively recently, the last few years, we weren't even aware that this crisis could unravel in a way it is. so what we are now working on is a follow-on for this which we think is a more powerful antidote and probably better suited to address fentanyl overdoses which is what we are now seeing.
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liz: opiant working with emergent, two publicly traded companies. i do have to ask, you talked about a drop in the ocean. you are shoveling sand against the tide. does it ever feel like that? we looked at the tennesseean newspaper and i found this stat, i just could not believe it, there are four million opioid prescriptions that are recorded for the first eight months of this year alone. that's what tennessee officials recorded. th population in tennessee is only 6.8 million. this is unbelievable. i know that some of these prescriptions are just single use, it's, you know, the over and over refills that become the problem, but what does that one state tell you about the state of this addiction in this country? >> it's extremely, extremely -- it's terrible, i have to say. my background, you can tell from my accent, from the uk originally, now based in california, and i started my career as a surgeon.
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in the uk and most other countries, outside the u.s., barely prescribe opioids such as vicodin, ooxycontin, et cetera. it is unfortunately unique to the united states. however, the government is getting behind it. we are seeingome progress. the company have benefited from that, we have received grant funding from both the nih and the division responsible for developing countermeasures against chemical attack to develop it, but more broadly the recognition of addiction as a chronic range disease is really critical because it no longer has the same stigma attached to it as it used to be. liz: dr. roger crystal, you are doing amazing miracle work. we look forward to any developments that you are working to develop. thank you so much. >> thank you. liz: a major name on the street
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is adding some new pins to its portfolio scrapbook. with the closing bell ringing in 37 minutes and the dow up 44 points, pinterest making a major move to the upside right now as rbc boosts its rating on the shares to outperform, pointing to strong user satisfaction and last week's lockup expiration which rbc views as a near to midterm catalyst for the stock. pinterest racking up its second upgrade in less than a week, good for a 5% jump in shares. up next, trade at the top of the white house agenda this monday. the optimistic words that got the market into the green at the open of the markets and why president trump says china must make a deal now more than ever. "the claman countdown" is coming right back.
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would have made a fortune if i just ran my business. i was doing it really well. i have a great business. i have the best properties. liz: donald trump complaining at his cabinet meeting this afternoon that being the american president has hurt his income to the tune of billions. this as he was asked about his reversal on hosting next year's g-7 meeting at the trump-owned doral in miami. he gave no explanation of how he had calculated the $2 billion to $5 billion number but he had come under immediate criticism from both republicans and democrats after he chose his own property for the event. to blake burman at the white house with that and other headlines that came out of that cabinet meeting. blake? reporter: this was an hour and 11-minute cabinet meeting, at least before the cameras and at the tail end, there was a bit of news dropped by the u.s. trade representative robert lighthizer as well, as he said there were deputy level meetings today between the u.s. and china trade teams, and that there would be senior level discussions involving himself, steve mnuchin and their chinese counterparts at the end of the week, on
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friday. the comments came during this cabinet meeting right here in which the president expressed optimism for phase one of the trade deal, while also suggesting that it could be the more difficult component. >> while we're papering the deal, and that's going well, we hope to sign it probably in chile when we have a summit in chile or wherever that may be, but we'll be able to we think sign a completed document with china on phase one, then we start working on phase two and actually, things in phase two are easier than phase one. reporter: now, there are still questions as to whether or not phase one will be completed before the president heads down to chile in about a month's time for that apec summit. lighthizer said this afternoon as well that there are still some outstanding issues between the u.s. and china. while the commerce secretary also downplayed the mid-november target date. >> there are still some issues we have to resolve.
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we're working towards that goal. >> in our point of view, it has to be the right deal and it doesn't have to be in november. it's more critical that it be a proper deal than exactly when it occurs. reporter: in that cabinet meeting, the president made the argument that once these trade deals start to kick in, there will be a marked improvement in the economy and he also talked about at one point a potential trade deal with north korea. north korea, liz. even though that seems like a very, very far-off possibility. liz: yeah. well, there's waterfront property there, blake. reporter: there is. he's talked about it. he says it's great land. says it would be a big rebuild. but i think it's years, if not decades away from that. liz: except for all the bark stripped off the trees by starving people eating bark. reporter: there's a lot of issues there. liz: lot of issues there. blake, thank you very much. blake burman. china trade fears easing but could the deal with mexico and canada be about to hit a major
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snag, having nothing to do with the united states? the closing bell ringing in 30 minutes. the s&ps jumping 19 points right now, as the usmca deal sits idle on capitol hill, canadian prime minister justin trudeau, one of the three men who signed on to the pact at the g-20 nearly a year ago, in jeopardy of losing his majority hold on the north as voters flock to the polls today in canada. up next, original nafta negotiator charles reese gives us his threat assessment on the new danger that could derail passage of the intercontinental trade pact. "the claman countdown" is coming right back. mornings were made for better things than rheumatoid arthritis or psoriatic arthritis.
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liz: all right. if you blink it may move again but we have breaking news. shares of california utility pg & e, pacific gas & electric, on a wild ride at this hour. you can just look at the intraday picture here. shares, you look to the right part of the screen, the little dip of red, briefly turned negative but now back in the green after this headline just hit the tape. san jose, the second largest city served by the electric utility, said it is proposing stripping pg & e of its public status in a buyout that would turn the power provider into a consumer-owned company. california's trd largest city now seeking support in its proposal following what had been two years of struggle in the wake of multiple costly and deadly wildfires including last year's camp fire, the most
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destructive ever in the golden state. as we, you know, look at some of that video, we know that some of the fires have sparked up once again, depending on where you are in the golden state, so we will be watching this. no doubt there will be some pushback by shareholders and bond holders. now to trade. the u.s. mexico canada trade deal's political fortunes, up in the air and for once, it's not just because of u.s. politicians dragging their feet. as we wait for congress to bring the deal forward for ratification, one of the original signers along with president trump and the head of mexico then could be creating more drama as canadian prime minister justin trudeau faces a knife's edge election with results coming in later tonight. joining us now in a fox business exclusive is former u.s. trade representative and official member of the original nafta negotiating team, international vp at the rand corporation, ambassador charles ries. you just landed in l.a.
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i would be remiss if i didn't ask you, you hearing about the fires? >> yeah. there's a fire in palisades that has some staff here have houses there. they're worried. liz: i would imagine. all right. hope everybody's okay. let us just get to the usmca deal and the fact we cannot call it an actual trade deal at the moment, because mexico's the only country that signed it. what do you think is going to happen if there's a leadership change, if, in canada? >> well, all three countries signed it. mexico is the only one who ratified, just to be clear to viewers. but i think the canadians, the conservative challenger to justin trudeau, made a lot of hay about trudeau and the nafta negotiating process. trudeau initially asked for a lot, got sidelined by the u.s., the u.s. negotiated with mexico and then canada had to beg to get back in.
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he doesn't really have a lot of options. the canadian economy must be in a north american trade deal if there is one. it happens, i think, that it's unlikely the usmca will get through the u.s. congress before the end of the year, so if andrew shearer takes over the government in canada, he will have time to work something out. like nancy pelosi, the speaker of the house who wants adaptations t to agreement or side letters, who knows when exactly she's talking about with the u.s. trade representative's office, the canadians will be looking for something to show if the government changes, to show that they have delivered a little bit different of a deal but fundamentally, canada has to be in whatever deal there is. liz: okay. let's just say that we believe that robert lighthizer, who has said he's had some pretty good and constructive conversations with nancy pelosi about usmca, that they continue to be constructive and some horse
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trading comes along on all of this. do you anticipate that we could see this ratified by congress before thanksgiving, but we also have wilbur ross mentioning christmas? >> it's possible. it would be a very heavy lift. it's possible. if ustr, robert lighthizer's office, gives some significant gifts, shall we say, on labor and environment provisions in the new nafta, con straining what the pharmaceutical companies get out of it and perhaps tightening up the implementation provisions, then i think the speaker can muster a significant portion of the house in favor of it. and that's all it takes, because the senate presumably would support this. i think, though, the politics of it, i'm not a political analyst but the politics of this are
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very difficult with everythin else going on in washington. so it would be a heavy lift. liz: quickly, on brexit, because we thought there would be this dramatic vote on saturday, did not happen. obviously prime minister boris johnson is in a pickle at the moment. he had promised a crash-out out of the european union no matter what by october 31st. will that happen and will it be a hard brexit? what do you anticipate? >> well, the deal that he did last week with the eu is considerably better from the standpoint of what the brexiters needed to have to vote for than what theresa may had done before. there are a lot of technical aspects to it but basically he found another solution to the irish problem and he did so by talking to the irish prime minister which was something that hadn't been done. so he could get the deal through, but if he doesn't, then the eu probably will give them
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another short extension to try again. liz: good to see you, ambassador. thank you so much. we appreciate you coming in just as soon as you landed at lax. thanks. ambassador charles ries. we are coming right back. the dow has gained now. we are up 60 points, high of the session would be a gain of about 80. we are watching this closely. heading into retirement you want to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's aad℠ brighthouse financial. i wanted more that's why i've got the power of 1 2 3 medicines with trelegy.
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now falling avocado prices as a potential boost to profits. extra guac now. all the positivity coming ahead of the latest quarterly report due out tomorrow after the bell. chipotle shares practically doubling year to date, up nearly 97% since the start of the year. not bad. well, chipotle apparently one of the many things connell mcshane would have his eye on, right? connell: i'm more burrito. liz: full-on burrito bowl. connell: really? steak or chicken? liz: neither. i just want the guac and can i have extra guac? connell: which costs more, you know. anyway, top of the hour, a lot coming up. busy week for earnings. we will get into all those after the bell but today, we have a special focus on brexit which gives us a chance to talk to ashley webster and steve hilton, the great steve hilton, host of the next revolution on fox news will be our guest, talking, trying to sort out this mess over in the uk.
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knows a lot about it. and how about a little football? there's talk the nfl maybe has a new officiating crisis. we will explain that and talk about maybe what to do about that. when we come your way after the bell today. liz: too many flags. connell: there really are. liz: too many flags. connell: slows it down. liz: yeah, i know. connell: that's it. liz: go, browns! connell: that's it. yeah. liz: connell, thank you. connell: good stuff. liz: what a difference a year makes. with the closing bell ringing in 14 minutes and the dow still up about 58 points, up next, despite what many have called an assassination of a political critic one year ago, the saudi crown's charm offensive is seemingly working on u.s. banks. up next, the wall street elites ready to go back to riyadh for one of the biggest investment conferences on the planet. charlie breaks it next on "the claman countdown." r-old was in an accident. when i called usaa, it was that voice asking me,
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only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ liz: we've got some breaking news right now, but do we want to do that, guys? let me see. okay. no. let me just go right now to this story. apparently when it comes to snuggling up to saudi money, there's an expiration date on moral outrage. it was one year ago and change ago to the day that a saudi dissident named ja maal khashoggi was, we believe, chopped up at the saudi embassy in turkey. now charlie gasparino here with details about the heavy hitters, u.s. bankers who are ready to go back. >> we should point out that after that murder of the journalist khashoggi, wall street and washington largely boycotted this big conference, investment conference the saudi
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royal family, mohammed bin salman puts on and sponsors. it's even bigger this year because you have the saudi aramco ipo going on. last year they boycotted it. from what we understand now on the one-year anniversary of the murder of khashoggi, wall street is now sending its heavy hitters, a-listers. here's who we know are going at least so far. we don't have an entire list. larry fink of blackrock is planning to attend. dina powell of goldman is planning to attend. the world bank is planning to attend. eric cantor is planning to attend. investment banking chiefs at both morgan stanley and jpmorgan are planning to attend. we do understand the trump white house is sending at least one top representative -- liz: a year ago they backed out of the davos of the desert. >> we should point out fox business was going to go and we backed out as well. liz: we're not going this year.
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>> not that i know of. no one's sending me. that's for sure. so what changed in a year? we will have a full write-up on foxbusiness.com. saudi arabia is now doing an ipo, okay, for its massive state-owned oil company. it's going to be, we are talking tens of millions of fees, probably undercounting the amount of fees because this is going to be a huge undertaking, so wall street wants that money. washington would like the prestige of, you know, saudi aramco at some point maybe listing in the u.s. this is a really big thing because what saudi royal family is going to do, mbs, with this ipo, is going to transform the major industry of saudi arabia which is oil production through this, they are going to start investing in technology, they are going to diversify their economy. this is a big thing on a lot of levels. now, it's also a big thing because let's face it, a year
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ago, a journalist was murdered and was murdered in the saudi consulate in turkey. it had all the earmarks of a hit job by the saudi government. now, mbs has denied he's directly responsible for this. liz: he's apologized for it, though. >> apologized for it as well. i think his -- liz: his goons. hit squad. >> hit squad with ties to his family. that's what we've got going on right now. it's very interesting. there's a whole list going to be compiled at some point of all the wall street firms going but they are going. jamie dimon is not going, okay? james gorman is not going, the ceos of jpmorgan, morgan stanley respectively. david solomon of goldman sachs is not going. but they are sending c-suite people. liz: know what? we should send you as a journalist, we should send you to cover this story. >> it's a big story for a lot of reasons because it's financial, it's a changing economy, but also, what it stands for.
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you know, the guy was murdered. he's a journalist. he's one of ours. and you know, it's sad that the dollar rules, right? liz: it sure does. money talks. charlie gasparino, thank you. we are coming right back. ♪ from the start, the c-class was ahead of its time. still, we never stopped making it stronger. faster. smarter. because to be the best,
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certainly tainted at the moment because what happened with the disaster it attempted going public. let's bring in mark travis ceo of capital fund who is not messing around with any startups or momentum place. you are looking at names where you feel you can park money safely and make money. let's talk about that. >> i feel sorry for the people that put in money and wework in a $47 billion evaluation and now it's eight. >> you look sorry. >> ouch. >> we are looking for index orphans, smaller cap in nature things that generate consistent cash flow. i have a couple today the dumb well last year end outperform things like amazon and netflix. and you may not realize you pay the money sp plus, a combination of standard parking and central parking. when you go look to laguardia,
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they handle the parking and they do in our airport at ja x, that's a very consistent small-cap name about $900 million in the next one is greenberg's sketchers. there is 3000 stores across the globe, a lot of people think the tariffs will hurt them but production has been moved into vietnam and they have same store sales into - 6%. they've grown rapidly overseas. that is a $5.9 billion market cap. it is up high to any% return over the last 12 months. and frankly and small-cap it is been flat negative in the trailing 12 months. >> i got a hold you there, i think it's interesting these have outperformed amazon and
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let's put all these names up on our facebook.com/liz claman page. mark travis always good to have you. all major industries ending in the green. nasdaq up 74-point up again of about a percent. that'll do it for "the claman countdown". next up after the ball. >> thank you so much focusing on profit stocks edging higher. investors look at corporate learning and amazon, microsoft, visa among the names reporting over the next few days, the dow was closing higher by 55-point in change by shares of boeing deepening after explosive messages of concerned over a key safety issue. that was later implicated into fatal crashes. hello i am in for melissa. >> welcome to "after the bell" the s&p 500 and the nasdaq kicking off in the green as well a 20-point game for the s&p and

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