dagen: we are a service's economy so we like that that. >> we are. dagen: tariff reprieved maybe, maybe. >> will weigh heavily on the election next year. dagen: thank you so much, right now it is all about liz claman, over to you. >> all about wall street records, right, wall street records, the dow about to lock second straight record close, the nasdaq at third after both hit all time highs, same with the s&p 500, s&p, better by just half a point, so it's a little bit hit or miss, too close to call, you to stay with us for the entire hour to see a trifecta of records, markets getting a boost on worth that billions of dollars of tariffs could be rolled back if the u.s. and china really want to lock in the phase 1 of the potential trade deal. one company going full steam ahead in china expansion, carnival, specifically catering the big spending chinese clientele, the ceo of the

world's largest leisure travel company is here in fox business exclusive carnival corporations arnold donald. sees big bucks in connecting small towns, speaking of 5g, charlie about to break it how t-mobile and sprint might be forced to go back to negotiating table and reprice merger and the two nc chairs at the data exposure hearings in dc, less than an hour at the closing bell, let's start the claman countdown. ♪ liz: we've got to look at walgreens, breaking news, it is spiking to the very top of the dow 30 after being halted just about an hour and a half ago, we

do have it up 4 percentage points that drugstore chain is exploring option to go private. this would be a big one, folks, 56 billion-dollars, reu, the ers saying that walgreens helped with core partners, if this would come together the deal would be the biggest leverage buyout, walgreens boots jumping on that news. deniss muilenbur, ceo has, quote, done everything right despite questioning muilengburg, the stock is up but a lot of people would argue not just capitol hill but a lot of the survivor relatives of people who were killed do not feel that

muilenburg did everything right. the not so happily ever after ending that they are having for the session, first uber, stock record low down 37% from ipo price, this after posted a wider loss after the bell yesterday, the stock is dumping out by 8 and two third percent, the ride-hailing services lock up agreement that expires tomorrow, what does that mean, insiders get first opportunity to sell the stock, we shall see if they start jumping in and start selling. peleton, subscriber-base start-up, fiscal 2020 loss but also fail today beat quarterliest -- quarterly estimates, a loss today of 8 and a half percent. well, it's been real, real trying for the real, real, online luxury consignment

pointing out authentication concerns over high-end items that it resells, we are talking about the louis vuitton purses and the gucci belts, et cetera, despite a beat and they raised the quarter, the stock is lower, the real real went public in june, below that there, 19.52, getting hit by 10% on the downside right now, let's get to the upside, dow and nasdaq right now on case to close at brand-new never-before seen record highs, take a look at how markets have performed so far in 201. we -- 2019, we would like to do this on occasion, nasdaq up 27%, even with robust gains and new records, investors still have

$3.4 trillion in cash sitting on the sidelines waiting, waiting for what? the data show that investors are too nervous, some call this cash pile slow money, perhaps later money for the retail investor but other investors see this as maybe reassuring sign that the record bull market can still move higher if this money goes to work, is it more than likely these investors, though, are smarter now and waiting for a pullback for stocks to go on sale before they jump in. to our floor show traders, guys, what do you think and b, when should investors be pulling those to work? >> i think they missed the beat at this point, s&p is up 18, russell up 18 on the air, pullback of what, 3%, 4%, some did get involved but not enough

market came down and we continue to move higher here, where we come from and where we are going to go to, we are getting close to the end of the year, major headlines we are focusing on are still out there, yes, headwind on the markets, but once we get to new year, individual investment money on hand, portfolio managers, corporate cash waiting to come back into this market through buybacks, m&a activity, cap x, all the stuff will move our markets higher, the major headwind out there is china with every day seems like we are getting lit more better news on that, i think investors feel more comfortable there. liz: well, the 10-year yield is often a sign of fear or, hey, everything looks a lot better right now, the 10-year yield today spike today september high and i found this interesting, 8 basis point jump, biggest jump in 5 weeks, when the yield goes up, we are looking at 1.86% chris robinson, and, yet, i tend to agree with john, okay, they missed the boat but last

december the boat was in the port, people could jump on it without falling in the water because stocks had been selling off. >> yeah, last december we were 6,000 points lower and what did people do? human nature, i don't want to step in here and that's -- that's sort of the vein of all investors, you want to step in and buy when everybody else is scared, it's been an incredible rally, i will continue to watch and see, the money on the sidelines starts getting smaller and smaller, you start seeing a change, if you ever see a shift, negative on the economy and what's working and what's not working, if you get that shift, that's more of a sign but a lot of money still on the side, you know, still could push higher, now we are getting into the fear of missing out, so all that money can be coming in and so, you know, the rest of the year probably you'll see people step in, continues to try and change

this market higher. liz: you could look, phil flynn at tapistry, the parent company from everything from coach brands to kate spade and some of the higher-end discretionary spending type of product that is you don't have to buy, did pretty well on earnings, we do have the stock up one and two-thirds, flip-flopped all day long, does that give you a clue as to whether we have a longer opportunity that the bull market won't reverse quickly, i tend to agree, chris, is right when you start to see all the money coming to work, too complacent. >> yeah, the consumers have been strong, the hero of the economy. the only slowdown that we have seen is in manufacturing and that could be a short-term situation, you know, i hate to, you know, tell everybody that they missed the boat because i actually think we have a real possibility in stocks in the end

of the year, for a lot of reasons. remember just a few months ago, the dow is up 600 points, 700 points, it's the end of the world, the two days later we are up 700 points, it's unbelievable, if you go back and look at opportunities, that's when all the fear was playing out. the money is on the sideline, right, now you're looking at a chart where, hey, all the things that you were worried about, recession is not in the cards, u.s.-china trade deal probably going to happen and all of a sudden tall reasons we have to run, you know. liz: we try to teach investors that chart showed don't be scared because you're being dumb with your money when it's really bad that was the opportunity in december, gentlemen, thank you, good stuff. john, always, we love our floor traders, let's get to trade news, the good news on the trade front is help to go spark markets to new record highs as we are seeing, although, the s&p just a second ago was flat to

slightly down, right now it's flat to slightly up, but we do share that president trump and xi are in constant contact, but is there a little static on the line, the wall street journal reports on china's one major bargaining chip, demanding relief from ongoing tariffs, eminent tariffs on $531 billion worth of goods before it will put its john hancock onto phase 1. now the next batch of terries hits in 5 weeks, 15% rate on $156 billion worth of incoming chinese goods to the u.s. toys, tech devices all set to kick in december 15th just in time for the holidays, this as the u.s. international trade deficit last month according to bureau economic analysis from 55 billion in august to 52 and a half billion in september, that actually the 5-month low, let me get to edward lawrence,

late-breaking details, is there forward moment here even what we already knew today, edward? >> we are seeing forward momentum, it's clear tariffs are having an impact, the tariffs according to the administration brought china to the table, the tariffs are impacting the u.s. economy although not as much as china, now if it looks like we are moving towards that phase 1 trade deal, the trade sensitive stocks are starting to inch up, having struggled today but inch up, china's number one goal in the process has been to get tariffs removed or repealed and people familiar with the talks know that they are willing to roll back tariffs as part of trade deal, in the past he would remove u.s. tariffs before a trade deal, he says, added that tariffs brought as you know china to the table, today spokesperson for the chinese foreign ministry saying adding tariffs is not the right way to deal with trade sensitive issues and escalated trade frictions will serve no one's interest,

the president gave keynote address for import expo today, china will reduce tariffs and institutional costs to foster import. he added that china will respect intellectual property and strength enforcement intellectual property rights and phase one deal with the united states, u.s. is trying to make sure that china actually follows through with the language and has action that actually make sure they stick to what the president xi is saying that they will do, liz. liz: quickly, edward, it looks like the president knowing that he's put it out there, hey, this is very close and it's going to happen and phase 1 should be signed and we are ahead of schedule, but now the chinese could dig in their heels and say, we are not going to sign phase 1 unless you get rid of all of the tariffs, is that a possibility? >> and there's fear, the chinese have been asking for tariffs to be repealed and rolled back, the president has been vague about

the december 15th tariffs, he said tbd, the last time we heard him speak on october 11th, so they are certainly at play here and a lot of people are feeling and tariffs may not be imposed just because of good feelings that's going forward, but the chinese do want those tariffs gone altogether and that is their main focus here. they will try everything they can do to get -- to make that happen. liz: all right, wal-mart, all trade sensitive, all moving higher, great to see you. thank you very much. shake shack shaken with about 47 minutes left of trade and the dow up 71 points, it would take a crinkle fry to stop before the bell rings, investors punishing shack after it missed in-store sales and disappointing sales outlook, down about 20% right now, shake shack enduring its worst percentage in the history of the company being public.

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>> the united states was home to 4g revolution and mobile app economy that spurred and we have

more spectrum coming out, wireless infrastructure is strong, going strong as well. liz: fcc chairman pi just minutes ago on fox news a short while ago claiming that the u.s. is in the lead on 5g. new electricity as some telecom ceo's and executives have boldly promised, two-thirds of america will be left in the dark for a long time. let me just explain if you're watching in u.s., los angeles, chicago, big cities, no problem, telecom giants will rush to build out the new fifth generation communication standard for you but for smaller towns and rural america, 5g which requires a tremendous amount of money to beef up and install fiber networks has been nothing more than a dream, you can see the empty states where there are no red dots that means

no telecom companies are building out wireless. my next guest said he's figured out major guys to fork the cost, investments can be great for big business, president of broadband group here in fox business exclusive. tom, good to have you, is pi right when the u.s. is leading and all looks good? >> he may very well be right and mentioned 5g is not replacement technology and comment heavily depended on fiber investments, i think that's the key. the communities that have the potential being left behind are those that will not have significant fiber investments an those are the cities and communities we are working in. liz: verizons, at&t are

stampeding and what happens to top 20, top 30 markets? >> they'll be in line for a long time because what the major telecom companies are doing is exactly on course, it's the right investment and in right markets for them. the issue of telecommunications industry was very good for the industry and wasn't necessarily good for tier 2 cities and that's -- that's the importance and significant of the introduction of 5g and high fiber investments, they're not happening in the cities in which we work in yet what we have done is we've developed a model partnering with utilities in multiple city who is must invest in fiber on their own, advancing an agenda that major telecom providers would not invest in. liz: out would you and the broadband group convince a people like century -- i know our viewers watching, a huge number of them are in tier 2, tier 3 and even tier 4 cities.

>> competition is very important and century link and other service provider needs to expand beyond current boundaries, for them to expand they would have to invest in fiber infrastructure, literally impossible to do that. the utilities and the minor, you know, second-tier cities have to invest in fiber for their own internal needs, information, time of use, real-time pricing, what we said to century link, there's an ease of market entry and this was in springfield, missouri and they accepted the theory and they will now provide service to every single -- have capacity for every single residential unit in springfield, missouri, we will change a generation in the city because of unique partnership. liz: this is almost like field of dreams, if you build it, they will come. >> absolutely.

liz: shoulder it with municipal, you know, governments, so not everybody has to shoulder all of the big nut there, then businesses come and set up headquarters, why would a hospital or a business come in small town if they can't do tale -- telemedicine or get wireless communication? >> even though all internet connections are not equal, internet access is -- you just said about it telemedicine, distance learning, huntsville is a great model now because we brought fiber through huntsville utilities. toyota, mazda, facebook and arrow jet, we are changing a generation, we are bringing investments to a city that would not have had it on their own, it's extremely difficult for internet service providers to come to new markets, we have opened it. liz: your phone will start ringing from all of the viewers

who don't have it if they live in rural areas. >> cities deserve better. important decisions that are made in not top 20 markets in north america. liz: absolutely. >> that's political, social, that's healthcare, if we can facilitate opening the doors through innovation and technology and telecommunications we have done something significant for cities that have been left behind and they shouldn't be. liz: thank you for stepping up in springfield, thank you so much. >> thank you so much. liz: not driving in coach, the closing bell ringing in 37 minutes, it could happen, tappestry as we mentioned powering higher after sale of coach brand handbags on demand in china.

big hearing on capitol hill about how all of your data could be exposed but two major companies even your kids have heard of have decided to not show up, we will tell you well, it's right there, you can see it who they were and why they didn't show up when the claman countdown comes right back. (vo) the moth without hope, struggles in the spider's web.

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liz: breaking news, we are just getting the read out now of phone call between mexican president manuel lopez obrador and president trump, horrific attacks on americans in méxico on monday face justice, the two discussed the recent violence in méxico and efforts to combat growing violent behavior and criminal groups in the region; what you are looking at burned out car with family and children were attacked and burned alive,

you can see the bullet holes in the metal, there are multiple -- look at that, just horrific, complete attack once again the read out says the president is offering his assistance in tracking down those responsible. and we have this breaking news, senate panel meeting right now on capitol hill exploring how big tech companies are leaving data exposed to china, missouri senator josh hollie took to twitter that he invited reps from apple and tick to be which is, of course, division of chinese company to testify, but let's take a look, you can see two empty chairs, one with apple logo and one with tick to be logo, we put the logos so you can see they did not show up, both companies are in the cross hairs of hollie questions, let's get to hillary vaughn who has been watching all of this,

hillary, tick to be is very much in the spotlight, my kids love this thing, what is the issue about that and apple and all the rest? >> well, tick to be and apple really representing both sides of the coin here, tick to be is a chinese-based company here in the u.s. that over 115 million people have downloaded the app and am has operations in china that spark national security risks as well so hollie brought that up, both companies really need to explain how they do not pose national security risk to u.s. users particularly the amounts of data that they both collect, tick to be, though, flatly denying that china has any control from content from what type of content it's censored and also denying that they would hand over any u.s. user data to the chinese government if they were to ask for it but instead of showing up to explain that, tick to be sent letter to lawmakers that explains some of the policy, we obtained the letter and reads,

quote, no foreign government or domestic, that's in capable hand of moderation teams led by base team, the report details former tick to be's employees that moderators based in beijing have final say over flagged content even when the u.s. team had disagreements over what should or should not be blocked and they say that their pleas were ignored, senator holly brought up the report today. >> that's a different story than the one tick to be has told this committee in this letter and that's a problem. tick toc should answer for discrepancies, they should have been here today, but after the letter to this committee, they must now appear under oath to tell the truth about their company.

>> so, liz, that letter that they sent today clearly did not answer all of the questions that lawmakers clearly had for them and they will expect tick toc at some point show up. liz: we shall see, until then we will keep our logo on tick toc. hillary, thank you very much, bell ringing in 29 minutes and nasdaq and the dow on track for new record highs, nearly half the country, we will hit the road or the high seas this holiday season, are the bahamas now back on the itinerary, the man who runs the number one leisure travel company in the world, carnival corporation's ceo arnold donald in fox business exclusive on the upcoming holiday travel and the new shift that's heading for china for that chinese consumer

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♪ ♪ liz: travel tale, winds are blowing strongly, according to nerve wallet which measures credit card use, americans are expected to shell out some $159 billion to go on vacation this holiday, that is a nice leap over 136 million estimated for same period last year, some of the money will go to ship operators, as they recover from

hurricane dorian, last month carnival cruise which actually aided in the rebuilding efforts resumed port calls there, largest cruise operator in the world and ceo arnold donald joining us in fox business exclusive, good to see you, arnold, tell us how november and december bookings are looking for you guys? >> as we said at quarterly earnings call, the bookings look great, we are coming off a record year in earnings, we are looking forward to strong earnings this year and with regard to the holidays i think bookings are pretty good. in fact, my wife and i are talking 108 of my relatives on a cruise over new year's and all very excited about it. liz: okay, can i be your relative? >> well, i think a few people are doing it. i think i know some of the relatives but maybe not all of

them. [laughter] liz: sudden everybody is coming out of the wood work, carnival princess, all of the cruise lines, let's talk a little bit about the bahamas and what you're seeing there, are you now seeing people venturing to go back in bahamas after hurricane dorian was such a disaster. >> all of the cruise lines have been active there, we have a shipyard in grand bahamas that help restore water and providing jobs and stuff, so, yes, the bahamas is doing great, we have calls going there, right after the hurricane as well because all of the bahamas wasn't hurt by the hurricane, people having a great time there, we have

projects, new project on grand bahama island, we have a project on private island, second project there, very active, people are having a great time and we encourage people to go and enjoy the bahamas. liz: are any routes sold around christmas and what are the locations? >> especially the caribbean is that time of the year because of great weather and, you know, if you want to go you should book cruise with best vacation experience and best vacation value, even the top pricing for cruise at a discount relative to base vacations, great opportunity for people to have a great holiday, hassle free. liz: you have unique window, even though the economy looks rather healthy, it's that

consumer through the trade headlines, et cetera, that have been holding up, what are you seeing with the u.s. economy from your vantage point? >> you know, so far and, again, as we said during our quarterly earning calls but you know i can't get in between, but the reality for us the u.s. has been strong, as we said on the call, our caribbean bookings were strong and we are ahead of last year at higher prices and our north american brands to europe which, again, reflects the u.s. consumer, were also up strong. for us, the american consumer showing strong. liz: met me get to china, we saw this and we said we have to show our viewers, it is over the top. tell us about how that's going, how the chinese consumer is

being attracted to cruise lines and how you guys have been able to sort of reflect the culture of what they would like to have? >> yeah, we have about 5% of our inventory right now in china, most important things is we have a joint venture, shipbuilding in china to have owners ship joint venture and operating joint venture for ships that will also be built in china, she's a beautiful ship, she's doing very well in china, we had a number karaoke center, hot-pot culinary opportunities on board, but she's beautiful, she represents the city of venice obviously by the name and we found that it's really resinating with our chinese guests. liz: i like, karaoke, to finish up here, we've had a corporate

tax rate cut which has been a boom for many corporations, you guys had been or still are incorporated in panamá, now panamá's tax rate which has been 25% is higher than u.s. corporate tax rate of 21%, any corporate changes for you guys knowing that the tax rate is more beneficial here? >> well, you know, the reality for us is that cruises tax differently than other sectors in the economy, so we pay lots of taxes in the u.s., it's just not corporate, import duties and other forms and that was a construct set up many, many years ago because ships move around the world and jurisdictions are trying to find a way to tax ships, so they do it through other forms of taxations, so we pay considerable taxes in the u.s. but the actual corporate tax changed did not impact us. liz: well, i know people will be interested in the karaoke in

u.s. ships and chinese, arnold, thank you very much for joining us. arnold donald, ceo of carnival cruise ship. we are watching that s&p, can it move to the upside? it is just at the flat line right now, we are coming right back, don't go away pay for lon. 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 ahead℠

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looking for technology for improving order accuracy. if you can fit your groceries in that little guy, why not? kroger is banking on autonomous cars, that's where we find connell mcshane, day 2 of swing state economy, hi, connell. >> hey there, liz, great transition, in the automotive industry used in assembly aerospace and others, we will be learning a lot here, we have done so in the swing state economy, pennsylvania yesterday, michigan today and then wisconsin tomorrow, the president of the company will join us next hour to talk about jobs, talking a lot about how manufacturing jobs are starting to decline in some of the key states, t a -- it's a different

problem, we will talk about skills gap and more, all of that and more on top of the hour. liz: connell, this is opening interesting window in important parts of the country, thank you so much. >> thank you. liz: 14 minutes away from closing bell, still we are looking at all-time record high for the dow, the nasdaq, yeah, the s&p, it's going to be a real horse race by a nose, we are watching close for you, the november 1st deadline to extend their merger agreement has passed, could that open the possibility that t-mobile and sprint have to renegotiate the price of their merger? charlie gasparino is about to break that next on the claman countdown ♪

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♪ ♪ liz: even as the federal communication's commission finally issues formal signed-sealed deliver approval for sprint merger today, investors are telling fox business the deal's future is still up in the air because why charlie? >> a lot going on with the story, you have a state ag lawsuit out there, we thought it was done because the fcc and the doj, u.s. department of justice and the trust division approved this, now the state ag's are going to federal court, you have announcement from what i understand on thursday, john said we will make announcement on thursday on twitter and some sort of giveback to state ag's to apiece the state ag's, maybe saying that sprint and t-mobile once merger happens won't raise programs, may do programs for

poor people to get cheaper service, we understand that something along those lines and then on top of that, it's behind the scenes what's going on with the deal itself, it is not a closed deal, i think closed several months from now and what investors are saying, the company is not commenting, that's what makes me think it's on the right track, these are the investors who essentially deal with company officials, there's major talk inside, inside the deal team, valued $26.5 billion, there's a ratio of how many sprint shares you get for t-mobile and vice versa, obviously t-mobile is the purchaser of this. in the meantime, between the time this deal got announced a couple of months ago and now you had several things happen, two major things, number one you had sprint's financials go down. liz: okay, can we look at a one-year, that would be much

more valuable. >> yeah. >> the first thing you will have is that sprint's financials have deteriorated, number 2, what you had is major costs associated with this lawsuit, what's going to happen now well, what investors are saying, that's an interesting chart right there. that will show you that i think august was when they announced the deal finally. liz: august -- >> one year? excuse me, that's when doj approved it around august, look at where it went down from there, that's a key data point, so what we have right now is investors who know a lot about the stock saying they have to reprice it, sprint has to be worth less, t-mobile is crazy if they don't do it and they believe they are doing it, again, we did not get from t-mobile and sprint, i should also tell you that we are going

to insight investors, take it for what it's worth, it may be nothing, it may be something, we should point out that lageer pointed out there's announcement on thursday, i hear it relates to the state ag lawsuits. liz: in charlie's world, no comment is total admission. [laughter] >> admission of guilt. liz: thank you very much, charlie gasparino, coming back.

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or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. ♪. liz: it is still just two, not three record closes. the dow, nasdaq, yeah, that looks like a done deal. but s&p, there is not much red on the screen. s&p is down three and bitcoin. bitcoin is down a couple, 84 bucks. let's bring in fbb capital partners director of research mike bailey.

in this atmosphere, what do you like as we hit record after record? >> it is a tough question asking somebody what you want to buy with markets at tops here. we would be picky. we think go defensive. you want to own equities. we would go double defensive. what i mean, go for utilities, telecom, health care, those types of areas but everyone else has been doing the same thing. guess where those prices are? they're sky-high. you want to look defensive. own value with that. a few names we're looking at if markets take a little bit of a connection, we think names work trading ad reasonable prices. liz: berkshire hathaway, unitedhealth group and church & dwight. that you're not saying overpaying. berkshire is up 8%. specific characteristics you like. they came out with earnings. berkshire has more sales than amazon. >> that's right. pretty impressive.

i think for us we're, berkshire is a standby fund if you will. they have a ton of cash. a fourth of the market value is sitting in cash. if there is any type of downturn in the market, they are chomping at the bit to put the money to work. they're pretty creative. whether selling a put like they did 10 years ago, taking money from someone scared about markets, or working with a energy company. there is a lot of things they can do. by the way, their base business keeps clicking along. insurance, utilities, railroads. it will not crush the market on the upside if there is any downside they will do okay. liz: they have exposure to lot of different businesses. certainly keeps you afloat. great to see you. as we watch, i think we're going to for mike bailey, cue up of the fireworks. a second straight record close for the dow jones industrials, up 23 points. that is a record. nasdaq is definitely a record. but the s&p 500, oh, what the

heck just happened to the nasdaq? [closing bell rings] nasdaq is at the flat line. we'll call it too close to call. it had been at high of the session. right now, just up 3. that will do it for the "claman countdown." melissa: we're still calling it a booming market with one year before the 2020 election. new all-time highs on wall street as president trump tout as strong economy and gets ready to make the democratic nominee the white house his opponent. the dow closing up 31 point its second straight record close. its sixth of year. looks like it ends in the red. a down little more than three points. nasdaq fighting for gains. looks like it will close up a little more than a point. i'm melissa francis in new york. this is "after the bell." ♪ connell: i'm connell mcshane reporting live today from what might very well be the ultimate swing state