that big mall. nordstrom just opening a 320,000 foot -- square foot store in new york. i think as long as we have some trade certainty coupled with the consumer we're just fine. charles: we got to leave it there. thank you both very much. cheryl, we are up 160 dow points but i think you could take us over the top before the day is over. cheryl: i'm looking for just a couple points, and we will have an s&p record closed, fingers crossed. have a great weekend. we have a lot of bing ns that could be happening in this hour. and likely will, because it is the "countdown" and anything happens during this show. 48,000 united auto workers on pins and needles at this hour as they await vote results for a new contract with general motors. a yes result could end the 40-day old strike at any minute. we will have a complete update as we await that final tally. that could break at any moment during this hour. the other breaking story we are following, wall street. the s&p 500 is closing in on a new record high. we are just a couple points away

right now. 3025.86 is the record set back on july 26. we get above that, even a fraction, you have a new record. dow right now up 153 points and the nasdaq is up 48 points and change. positive earnings and trade optimism powering the market higher, as you can see. lot of green across the screen. but amazon, not one of those stocks. they delivered a gloomy holiday forecast and a 26% drop in third quarter profits. is today's sell-off just a knee-jerk reaction? we've got our top tech panel putting it all in perspective for us in the hour. oh, i love this one, too. "star wars" fans are juiced for some intergalactic action but ticket sales are doing anything but bombing. we will talk exclusively to the hollywood startup that is doing blockbuster business thanks to the rise of skywalker.

the atom tickets cofounder will be joining me. plus a shocking admission burning up pg & e shares and charlie breaks it on just how long the saudi aramco ipo will be left stranded in the desert. less than an hour to the closing bell. i'm cheryl casone in for liz claman. let's start "the claman countdown." cheryl: well, the first piece of breaking news, i've got a lot of it for this hour, president trump. right now you are looking at live pictures. he's speaking at benedict college in columbia, south carolina, making remarks on his administration's work on criminal justice reform. he is going to be leaving the state at some point during this hour, then heading up to camp david. if any news breaks during these comments from the president, we are going to bring it to you live, because we got a lot of other things going on we got to bring you.

amazon shares, let's take a look at the stock. it's recovering a little bit. that massive stock drop that hit after the close and of course in the premarket, taking it to the market today. analysts, a little less bearish during the trading session on the company's forecast and their spending. we will have more on that in just a few minutes. amazon down $30 and change. a loss of almost 2%. again, better than it was earlier. we'll take it. now, let's take a look at intel. they are surging ahead of the chip maker's third quarter results beat. intel, yeah, nice quarter for intel. estimates they beat forecasts and today, easing concerns about slowing demand for the company. there's the three-month. we are watching a jump of more than 7.5%. let's look at tesla, if we can. they are extending gains for a second day as barclays has raised the price target on the model 3 maker to 200 from 150.

the stock is at 327 and change, a jump higher of 28 bucks and change. however, the firm maintained their underweight rating on the stock saying there's going to be pressure, we're not loving tesla but giving them a little bit of love at least in the $200 range. guggenheim research initiated coverage of uber today. they put a buy on it, saying challenges are overblown about this company and at the worst it's behind it. remember, they only went public this year and it wasn't really one of the better showings we've had for 2019. the stock has fallen 23% since the ipo. but barclays has predicted uber can actually turn a profit by the year 2023. a profit is not a loss, folks. and alumina getting hammered despite the gene sequencing company beating earnings estimates. there are concerns about revenue growth going ahead and antitrust worries regarding its merger with pacific biosciences. right now, the price pressure, down almost 8% right now. all right. to one of our top stories, and this could break any moment.

the strike. we are waiting for word from the united auto workers union if their 40-day strike against general motors is finally going to come to an end. they will announce final vote results at any moment if the 48,000 members ratified that deal. leaders brokered that deal on october 16th. workers could soon return to the assembly lines. the deal calling for pay raises, signing bonuses and a billion dollar investment in the united states by the company. analysts say the strike has been costly for gm to the tune of $2 billion. grady trimble has been on the picket lines from day one. you have been all over this story. do you think this deal finally gets done today? reporter: we, i think it's heading in that direction, but it's still not clear, because they have been voting all week and unofficially, we have been seeing those votes come in and the majority of workers have passed this tentative agreement but there have been some who have voted no. again, not all of the votes have been counted. i spoke to an auto industry

expert today who says the remaining votes, the ones that haven't been counted, would have to be two-thirds opposed to sink the deal. so that's a big number that would have to oppose this thing. but there have been people voting no who say this contract doesn't do enough to protect american jobs. it confirms the closure of three plants including one in lordstown, ohio, but again, the majority of people voting yes. they say look, we see pay increases in this contract, our health care costs stay the same, and they get an $11,000 signing bonus. remember, that looks especially good to these workers who have been on the picket lines for six weeks, 40 days, without getting any pay. so you look at their lost wages topping $6,000, that signing bonus would offset that. of course, general motors is going to be the one footing the bill for that signing bonus. they would have a cost immediately of $485 million to dole out all of those signing bonuses. so we should find out in i would

say the next hour or so, once all those votes come in. but you see general motors stock, it's been climbing all day today, and that's because i think investors are expecting the strike to come to an end in the next hour or so. but we'll keep you posted. cheryl: you will be on standby for the entire hour and you will bring that news to us when it breaks. grady trimble, thank you very much. well, now to the other breaking news we're watching, and that is the market. the dow and nasdaq are less than 2% away from record highs but the s&p, we are just points away right now. we're at 3,021.27. the magic number, 3025.86, got to get those decimals right, thanks to strong earnings and trade optimism. green arrows across the screen. u.s. trade representative robert lighthizer and treasury secretary steve mnuchin spoke with chinese vice premier liu he about this phase one deal which we have been talking about. they said headway was made on certain issues and they are close to finalizing some

sections of that agreement. that's a bullish sentiment coming from them. also in a note this morning, je jeffries said a trade deal could be reached. what are expectations for the markets once it's signed, sealed and delivered, that's the question. let's bring in the floor show. tim anderson at the new york stock exchange, chris robinson at the cme and phil flynn as well. tim, to you first. what do you think? >> wow. let's get at that. sorry. go ahead. cheryl: dealer's choice. tim, go ahead. what do you say? >> i think that we've gotten through the first two weeks of earnings season where expectations were very low and the market has held in. we've had some misses, we've had some beats, but really, the stocks that have sold off in response to earnings disappointment snapped back

pretty quickly. cat a couple days ago and 3m snapping back today from a decline yesterday. even amazon which was down 120 points yesterday after its earnings, and down maybe 90 points this morning, is only down about 30 points right now. on the positive side, intel is sending very good signals to the semiconductor space, up 6% or 7%. clearly, the trade headlines are positive, although we've had trade headline roller coasters many times over the last 18 months. cheryl: phil flynn, i thought of you this morning when we got the list of some of these exemptions. we got a note from treasury and basically, the ustr approved some exclusions. what is interesting, this goes to you, kerosene heaters, electric fireplaces, obviously winter is coming, that's part of the energy story, then i don't know if you have ever done the keto diet. it's interesting. we kind of have agreements with

ourselves and the chinese. >> i think i've done every diet there is. i'll tell you, you're right, you know, winter is coming and it even leads to a bigger issue when it comes to the heating season this year, because there's a lot of concerns right now that, you know, with the new international maritime organization rules that heating fuels are going to be in tight supply, that means the price of heating fuels could be substantially higher this winter and i think the trump administration wants to make sure that if we get into that type of situation, people that are having a hard time can stay warm. but i do think it's very interesting, but i think listen, big picture, if i look at the stock market and we get this deal done, it's going to explode. it feels very positive. look at all the stocks we're blaming china just this week, terpillar, ford, gm, if they get the strike settled, we could see a very explosive market. this is a market that's been consolidating, could really break with some good news.

cheryl: i forgot to add carbon fiber bicycle frames. makes you faster. chris robinson, over to you. all of this is nice as we are watching kind of what's going on between the u.s. and china but this w have to talk about s&p record close here. we have had the earnings season that's come insofar has actually been pretty good. the expectations that maybe they were lowered but companies are not in trouble i think like we had really expected they would be over trade. >> right. even though we have had some misses, overall, the overall market, that's what we are trading when we trade the s&p 500 index, overall market keeps moving higher. but we keep bumping up against this resistance, this 3030 level. we'll see what happens. i hate to be a wet blanket and go against phil. around this time last year, you know, between halloween and christmas, we had a severe correction and nobody told me that was coming then.

i would say if we're right back up here again, i hope that we explode higher, i'm sure everybody in america that owns stocks, hopes so as well, but it's been an interesting year and i would just say, you know, if you're concerned about that possibility, you want to re-evaluate, rebalance when we're at all-time highs and look to protect these gains. that's my two cents. cheryl: certainly, you know, it's been volatile. look, we use spooky for the month of october as we are getting close to halloween, and it has been. i totally get that. i agree with you. i'm just hoping that again, if this china trade deal, if we can get somewhere with this, this would be a huge market positive. i think we are all hoping for that, at least. tim, chris, phil, guys, thank you very much. all right. well, let's talk about dow component boeing. more news on this company again day. it's not really good they're dragging down the dow. the stock is down more than five bucks. boeing slipped after indonesian investigators released their final report on last year's lion

air crash. they found that boeing failed to grasp the risks of its cockpit software, the mcas system, right. stock's at 339 and change. weakest performer in the dow. and let's talk about facebook. new friends teaming up with the biggest trends in journalism. we will talk you about the brand new news service liked by billions. "the claman countdown" coming right back. y high triglycerides, can be tough.ycerides, 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, ishe only prescription epa treatment, approved by the fda to lower very high triglycerides by 33%, without raising bad cholesterol. look. it's clear.

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cheryl: facebook is rolling out facebook news today, a news section and it's all about journalism. it will be reachable through a new tab on its app and will present a personalized range of stories from as many as 200 publications, including the

post, the "wall street journal," fox news, the "new york times" d other news outlets. taking a look, shares of the stock are higher by almost 1%. the recently embattled ceo mark zuckerberg sat down with robert thomson for an interview earlier today about journalism in the digital age and its efforts to combat the spread of misinformation. susan li is live in the newsroom with details on what they discussed. susan: and paying for quality journalism as well. that's probably one of the themes of their sit-down today at this paley media center. facebook news has gone live to a select 200,000 audience and that includes all the publications, really conde nast, fox, nbc, abc along with the "new york times" as well. that's part of this 200,000 audience. apparently one of our producers, dan hilton, has a live facebook news app now on his facebook, there you go, on the facebook app. now, what's interesting and different about this, facebook

is willing to pay licensing fees depending on which publication we are talking about, but the "wall street journal" reports that news corp entities including wsj will reportedly make sums up to double digit millions of dollars. this is something a lot of publications have really i guess criticized facebook for because most of the news has been shared by users, shared for free, mind you, and these corporations want to be paid. they are paying their employees to write the quality pieces. we heard from mark thomson and mark zuckerberg. he gave us another reason why facebook is launching this new service. >> most of the rest of what we operate on is helping give people a voice broadly and making sure that everyone can share their opinion. that's not this. this is a space that is dedicated to high quality and curated news. there are very strict guidelines on what it takes to be a publisher that's going to be included in here. susan: high quality curated news

which means verified, not fake news, not misinformation. facebook being criticized for 2016 swaying the votes with fake ads they say stemming from russia. cheryl: fascinating conversation between those two today. thank you so much for covering it for us. let's take a look at the big board. we are up 162. the dow is at 26,968. the story, though, s&p. we are close to a record on the s&p. 3,025. all right. anheuser busch investors probably wishing they are beer goggles on after they slash full year guidance. taking a look at the stock, it's down almost 11%. coming up next, so many questions to be answered in "star wars" episode 9. i cannot wait. is darth vader a ghost? do we know who rey's parents

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cheryl: the force is with "star wars" as advanced ticket sales are briskly outpacing disney's other mega-franchise, "avengers end game." atom tickets sold 45% more tickets of the "star wars" trilogy on its site in the first few hours of presale than "avengers." atom tickets is a movie ticket startup but look who backs them. lion's gate, disney, fidelity and they help movie goers buy tickets ahead of time. joining us now is matthew bakal, executive chairman. great to have you here. >> hi,great to be here. cheryl: i want to get into the app and how it works but i've

got to ask, were you surprised by the huge explosion you got when "star wars," when those tickets went on sale? do the numbers surprise you? >> well, i can't say surprised. "star wars" is a 40-year franchise that's been vigorous for that whole time but of course, it's something like we have never seen before in terms of how much consumer enthusiasm there is around this title and this whole franchise. it's come into its sort of ultimate phase here. cheryl: you think it's good news for the studio itself that this is going to be the blockbuster they're hoping it will be? >> absolutely. disney's had such an epic year, $5 billion franchises so far with "frozen" and this "star wars" movie still to come. i don't know if they are waiting, they are going, going, going but this will be a great way to cap off the year. cheryl: one of the things about your app is that it helps us get those early tickets that go on sale. more and more when these huge blockbusters come out they do these advance sales and it

becomes pretty competitive among those that want the ticket. do you rely solely on blockbuster movies or are there kind of lesser interest movies out there like the latest amy schumer film or something? do people want advance tickets to the smaller films? >> sure. you ow, the big revolution in movie going these days is certainly that the theaters have been upgrading themselves. if you look at what amc and cinemark have done and national amusements, they are putting in great seats and putting in reserve seats. you want to get the best seats in the house, want to buy early, want to make sure everything is blocked out for you and your date or you and your kids, and for movie going, it's really starting to see the move in digital ticketing. digital tickets last year was about a third of tickets sold, if you are in new york or l.a. that seems unbelievable. but most of the country now is starting to buy digitally and most folks believe a couple years from now, it will be 60%, 75% of folks.

cheryl: you can use chase pay and apple pay. i mean, you've got all the backers i mentioned. duane "the rock" johnson, like he needs any more money. how is this different from fandango? >> for us, listen, our tech team backbone is amazon, google, so it's really the platform if you come look at it, it's fresh and new, there's a real easy social way to invite friends or family with you. you don't necessarily have to pay for them. you can just invite them. they can pick a seat beside you in about 200 of our 2,000 locations, you can preorder concessions. either the popcorn and coke will be delivered to your seat or there's a special line to pick them up. so for movie goers who want ease of use, sort of like uber or lyft compared to a taxi, make it really simple, we made it simple, could we get you to come one more time a year. that's our hope. cheryl: making it easier is better for all of us. thank you for being here.

we appreciate it. >> thank you so much. cheryl: all right. let's take a look at the big board right now. we have got quite a stock story going on this friday. markets up for the week, by the way. dow is up 168. up next, a shocking admission leaving pg & e shares in ashes. wildfires are ravaging wine country for a second time in just two years. we will have that when "the claman countdown" comes right back. managing type 2 diabetes?

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cheryl: we have got some breaking news for you right now. a u.s. judge has just ordered an unredacted copy, unredacted version of the mueller report to be given to the house representatives, the deadline, october 30th, next week. that's just according to a court filing that we're just looking at right now. we will let you know more, of course, when we get it. i want to bring in gerri willis from the floor of the new york stock exchange for today's business brief. gerri: pg & e disclosing that a malfunction in one of its power lines may have sparked the kinkade wildfire that is still scorching through california's wine country. faulty lines and equipment failures were also to blame for the 2017 blazes that caused widespread damage. pg & e shares getting hammered today, as you can see down 30%. the maker of northface and timberland unable to weather the

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cheryl: amazon trying to shake the dust off after yesterday's rough third quarter report. take a look at the stock right now. as you can see, this is recovery mode for this company. it's down about 1.31% but it was

up 5%, 6%, 7% earlier. they missed on earnings estimateor t fime in over two years. the lprit, higher shipping costs and other fulfillment costs that they are incurring now in their quest to deliver packages. single day prime delivery going from two days to one day. it's going to be good for the company in the long term in the race to one-day shipping. let's bring in newburger berman senior research analyst, daniel fla flack. $300 billion in assets under management. he joins us along with the senior tech reporter john schwartz. guys, great to have you both here. dan, i will start with you. the long-term strategy, bezos stuck behind that on the call last night, saying this is the right thing to do for the customers and for the company even though it's hurting this quarter. did you hear that and did you agree with him? >> i did hear that and i do agree with that. i say that because in the context of the strategy of this

company, if we go back to the original creation of prime, over a decade ago, amazon has really changed how consumers think about shopping. they have delivered a tremendous amount of value and certainly convenience to their customers and they have made prime more and more attractive which has contributed to the growth of the overall company. so while there are certainly short-term expenses and operating margin hits as a result of this initiative, we think it's going to help create additional value for the customers, which ultimately over the next two to three years will create additional shareholder value. cheryl: john, this could really build -- be a good thing for other competitors, if you are pushing walmart, target, brick and mortar companies who have all upped their online game obviously in the face of amazon and some seem to be doing better than others, maybe this is a way for the retail sector to get built back up. >> it's a little bit of an opportunity. i think of amazon's earnings

miss as the price growth. i mean, this is basically, this has happened before. when they went to the two-day shipping mode, they spent a lot of money and they were not profitable. eventually that paid off for amazon. look at last year. they had $10 billion in profits. they were still profitable this quarter. the thing to keep in mind is they are going to spend a lot of money. they will spend about $3 billion this year on building out to one-day shipping but who knows how that's going to pay off for them in 2021, 2022 or whenever that happens. so it's going to be history repeating itself in this case. cheryl: also, you know, it didn't help jeff bezos as he became the second richest man in the world just for today, anyway. let's be clear. >> lost $7 billion in paper value on thursday. cheryl: we're not crying for jeff bezos. let's move on to facebook. dan, i will start with you. mark zuckerberg was in front of capitol hill this week, long hours of testimony, was supposed to be about libra, it became about everything else, even

antitrust at the end of the day. he was facing questions about is facebook too big. how do you think he did? >> i think he did okay overall but i think what emerged from the testimony as well as the broader story around facebook is the fact that the company has to be more transparent. it has to be more transparent with governments, with regulators and really, its users. but if we step back and think about the value that facebook is able to create both for the users and the advertisers, we see tremendous growth over the next few years, and i say that because if you look at core facebook, we think it remains healthy. we will obviously get a little more visibility and data next week. the instagram asset is performing very well. over the next two to three years, we see additional monetization opportunities with whatsapp, with messenger, and so stepping back, the facebook story we think is still a multi-year growth story. but the company does need to do a better job in terms of security, transparency and

demonstrating that they are tackling these issues which of course remain fluid, but that they are tackling them head-on. cheryl: the issue of libra, when it did come up, look, you have had visa, paypal, mastercard, they all pulled out of this consortium based in switzerland, by the way, for libra, but did mark zuckerberg take a step too far too soon trying to launch a cryptocurrency? >> he did. i agree. it was a distraction. today i think twitter's ceo jack dorsey, who is a big believer in bitcoin, said we aren't going to be part of this libra association. i think facebook is doing fine as it is. i think trying to extend itself into libra has exposed itself once again to government scrutiny. i think they don't need the distraction. they are going to be fine. i think the stock is up maybe about 40% this year. it's a machine that will continue to literally print money. as long as they stay focused and kind of look into growing instagram and whatsapp.

this libra thing is a smoldering mess. cheryl: we are showing pictures of the twitter ceo, mr. dorsey, who actually went after mark zuckerberg. it was a little bit of a low blow, i think, to mark zuckerberg. here you go. there is always some amount of revisionist history in all of his story telling, talking about zuckerberg, takes away from the authenticity and genuineness of what we're trying to do. i mean, twitter's not doing that well. let's be clear here. >> i think you're right in that all these companies, twitter and facebook, have room to improve. i think some of the comments out of dorsey and frankly, some of the comments we have seen from other tech executives when they're exchanging barbs of course on twitter or in the headlines, that's just part of the, really the landscape and it speaks to the importance of really getting at the heart of these issues. but again, there is no silver bullet. cheryl: john and daniel, i have breaking news to get to. we were expecting this news. thank you very much.

we want to head right back to chicago. grady trimble has breaking news on the uaw vote. what is it? reporter: we just learned from a source familiar with the vote that the workers have approved this contract, this tentative agreement, now effectively becoming a contract for them for the next four years, and also, effectively ending this 40-day strike. this strike has lasted as long, almost as long as any strike in the last several decades. it's the longest since 1970. workers foregoing thousands of dollars of wages over the last 40 days and apparently, they think that this deal is good enough for that 40-day strike to justify it. we have learned that they have approved it. we don't have the official numbers yet. we are still waiting on that officially from the uaw. we are expecting this to develop very quickly in the next half hour or so as they get that official vote count. we should be hearing from the uaw. we should also be hearing from general motors, who has lost up to $2 billion in this strike,

but there you see general motors stock, it's been climbing all day on this expected news. it's up 2.75% right now. i wouldn't be surprised if we saw it climb in the last 20 minutes or so of trading because this has really brought that stock down. again, this could end the strike. cheryl: and we've got breaking news, the stock is moving higher. we will stay on it. thank you so much for breaking the news right here on "the claman countdown." we are going to be right back. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy

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and my side super soft? with the sleep number 360 smart bed you can both adjust your comfort with your sleep number setting. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. and snoring? no problem. ...and done. will it help me keep up with him? yup. so, i'll wake up ready for anything? oh, we've got your back. so, you can really promise better sleep? not promise... prove. and now save up to $600 on select sleep number 360 smart beds. ends saturday. cheryl: play ball. the washington nationals leading the houston astros 2-zip as they look to bring baseball's top prize back to the nation's capital for the first time since

1924. just a little more than four hours to go until gametime, connell mcshane getting a look at the prep for the first playoff game to be played in d.c. in 84 years. wow. hello. connell: pretty cool, right? yeah, they played one here, the senators, in 1933. they haven't won one since '24. brand new team, the washington nationals, up 2-0. they might get it done. the big game on fox tonight. speaking of fox sports, we have this, pretty cool, on "after the bell" today. the whole show today is live from the field during batting practice which i'm looking forward to. unless i get hit by a foul ball. we have the whole show from the field and will take you behind the scenes on the fox sports broadcast. i actually think this is really cool. maybe it's just us broadcasting geeks that will like it. but you will see all the replays and some of the state of the art technology that they put into their broadcast. cool from a technology point of view, kind of a behind the scenes business of broadcasting in sports look. that plus ken rosenthal will join us. a lot coming up after the bell today. cheryl: i just saw a-rod on the

field, by the way. a couple of other guys. there they are. connell: big papi. cheryl: connell mcshane, see you on "after the bell." all right. let's talk about our next story. as saudi arabia gears up to host officials at the dollars at the desert, they are also considering their future with softbank. charlie gasparino has the details. >> softbank has announced it wants to start another vision fund. the big question is would they get saudi money for the second vision fund. remember, they were in the first one, the first one took a bath, right, they wrote stuff off. that's the one that wework was in, i believe. did not do very well. we do understand this. this investment conference i believe is next week, all the major banks are going, steve mnuchin, treasury secretary is going. the head of softbank is going. mohammad -- mbs is going.

cheryl: mohammad bin salman. i know. >> he's going to be there. from what we understand, they are going to start negotiating, the saudis, a potential investment in this fund. so they are seriously thinking about putting money in the second fund. the catch here is we understand they are looking to cut the fees. softbank's fees, following that massive loss. next week will be a lot of negotiations. it there will be negotiations between the saudis and softbank on this fund. it's also going to be a negotiation, you'll see this happening, between major banks and the saudi royal family about the ipo of saudi aramco. that is the royal family's state-owned oil company. it also is the vehicle where they make all these investments including into softbank vision fund. here's the notion. over the next couple weeks we are going to find out if they are going to do the ipo of saudi aramco. the first leg of the ipo this year. what i do hear from wall street,

this is going to be one of the biggest ays o wall street this year. it will be massive. we are talking about a $5 trillion valuation. massive valuation. cheryl: gone down a little bit. >> three to five. that was the range. they are going to do the first leg, they are going to do two legs of this. they are trying to do the first leg this year. but from what we understand from banks that i'm talking to, they are growing a little more pessimistic about this. what are the head winds? obviously you have the terrorist attack that put things off. there's a disclosure issue. just being able to sell the thing. you're looking to sell this to local sources, not necessarily in the u.s., local funds, the kuwaiti sovereign wealth fund, other middle eastern wealth funds, they are looking to push this with. it's not as easy of a sell as you might think given some of the stuff that's gone down. also, there was controversy surrounding the saudi royal family member. this is the one-year anniversary of the murder of jamaal khashoggi which many pin on mbs, who denied it but obviously

maybe agents working for him. that's what people will say. there's a lot of controversy surrounding this. two big things next week. we will get some daylight, i think, on the ipo. when it's going to come -- cheryl: you know where it's going to list? >> i think -- here's the interesting thing. i think there's -- they are going to list initially in the middle east, because they don't want to be -- cheryl: they don't want hong kong or new york or whatever? >> the disclosure requirements are tremendous. but i do know the trump administration which is going to this conference, wants them to at least consider a u.s. listing, nasdaq or the new york stock exchange. that's one of the reasons why i understand steve mnuchin, treasury secretary, is going. two things next week. daylight on the ipo, does it come this week. this year. we will get some of that. also, does softbank actually get an investment from the royal family in the second vision fund after taking that big bath in the first one, because of wework. cheryl: charlie gasparino, always breaking it down for us. the dow up 150. we've got nine minutes to go. the american dream mall's retail

roller coaster coming to an end after 15 long years. up next, find out why our "countdown" closer says not tickets to ride, but shares of the famous brands lining this mega-mall shelves, you should spend your money on. don't forget to watch me and lauren simonetti every day, "fbn a.m." >> i get up so early to watch. cheryl: i'm flattered. >> i get in at 5:00 a.m. so i turn you guys on. cheryl: we'll be right back. 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. . .

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♪. cheryl: closing bell is going to ring. we are just about four minutes away. the dow is up 157. real story is the nasdaq. we're so close to a record close on the s&p. all we need is couple more points. 3022. the record is 3025.86. we're literally three points away. we shall see what happens. we have four minutes to go.

look how the markets are doing for the week. the dow, s&p, nasdaq we have gains for the week all three major averages. this was the second busiest week for earnings. next week, get ready kids, this is the busiest week for kids. the american dream mall opening after 15 years of controversy out in new jersey. brick-and-mortar fight for survival not stopping nordstrom's opening a tricked out seven story flagship store in manhattan. i can't wait to go. today's "countdown" closer says major brands in the retail behemoths that can bring cash to your portfolio. nordstrom and nike, estee lauder, let's talk about them. >> sure. we are always on the hunt for businesses with enduring pricing

power and long runway for growth opportunity. when you bring up nordstroms, deep stores, parents are struggling. we're looking for actual brand but when i say the brand. the brands 10 to be a information filter to reduce searching costs. figure out what you want to own. what you want to buy. those brands seem to have more trouble. like kraft cheese. it has become more commodityized. what we notice the brands continue to show pricing power are ones with some sort of a social status element to it. when you bring up nike, here is nike, nobody spends more money than nike. they spend nearly $4 billion a year to connect their brand to star athletes, to celebrities, to social status, making it a very desirable product. it's a apparent, a leading global brand. one of the most counterfeited brands along luxury products. clearly a highly desirable

product. cheryl: stand by. i want to show president trump aboard air force one. he is departing columbia, south carolina heading back to washington, d.c. he gave a speech at benedict college, social justice reform. no headlines. we've been monitoring president's movements throughout the day in particular, that first action which the administration did sign. we have programs for prisoners and getting them jobs, basically, a great program. anyway, president trump on his way back to washington from columbia, south carolina. brian, real quick, you said something i want to pick back up on, you said social status. interesting to compare social status to a brand like nike. why is that so important? >> people, think about it, there is alternatives, right? a lot cheaper alternatives. why do we want to wear adidas or nike? doesn't have anything to do with

nike or adidas, is a german bra. that brand is connected to their heroes, celebrity athletes. when there is that status people pay a premium for the products. when i bring up estee lauder, not only something to increase your beauty and your attractiveness, people are willing to pay up. they don't want to mess up their beauty and attractiveness. essay lauder taken the approach to focus on skin care, cot cosmetics. when things are consumed socially, you have both social consumption and social status gives strength to the brand. so you're seeing this divergence with something like diapers, if you to on amazon, you might say, hey, i see social proof this diaper is just as good, you might be willing to switch but when you're, but in this case

you don't want to mess up your social status. [closing bell rings] cheryl share brian thanks for being with us. we're watching a market real close to a record. s&p could hit it. we're closing in the green. that is it for me and the "claman countdown." this is "after the bell." melissa: we'll see if we get there. approaching record territory on wall street. averages mostly in the breen on positive corporate results. finalizing some sections of the phase one trade deal. the dow closing up 148 points, ending in positive territory for the second week in a row. s&p 500 flirting with a record close. let's see? oh, so far no. so close. falling a little bit short. nasdaq ending in positive territory. both up for the third day in a row. i'm melissa francis in new york. this is "after the bell." hey, connell. coel