tv The Claman Countdown FOX Business November 8, 2019 3:00pm-4:01pm EST
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>> there you go. charles: never know. he might be your supervisor one day. thank you. appreciate it. with the dow off about 50 points, it's been a relatively quiet day but not a quiet week and certainly wait until the next hour because you will have real fireworks. i mean really, real fireworks. liz claman, over to you. liz: real blowtorch fireworks. thank you very much, charles. happy friday. breaking news. at any moment, president trump will appear onstage in georgia. he will follow vice president mike pence as markets take aim at new records. the nasdaq right now that you see on the left side of the screen is about to clinch new all-time highs. it would take any gain for the s&p 500 and the dow jones industrials to reach fresh peaks. but both the s&p and the blue chips are kind of struggling to keep up after the president said one particular thing this morning about trade. we are going to take you straight to the white house, where team trump's rapidly changing tariff position, could it change in this hour right
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now? meanwhile, in california, deadly wildfires have destroyed hundreds of homes and businesses just over the last two weeks. don't even ask about last year. 14,000 homes destroyed. one company says it has a unique solution. we are going to introduce you to rsg3d. they are waiting outside right now, live on fox square. i am going to get out there with the ceo to demo their amazing material and how their flamer system's building panels could keep your structure safe not just from wildfires in california but if you live in other states, the kind of destruction you may see from natural disasters. this is a fox business exclusive you cannot afford to miss. plus, disney's magical day, especially for disney shareholders. oprah's brand new 2019 holiday favorite things. and charlie breaks it on michael bloomberg's potential run for the white house. less than an hour to the closing bell. let's start "the claman countdown."
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liz: and the s&p just turned positive. we are watching this very closely. we could see a record in this hour. a billionaire brawl could be unfolding on wall street at this hour, after activist investor carl icahn just a few hours ago dropped an open letter on the very company in which berkshire hathaway ceo warren buffett holds a $10 billion investment. to the tussle in the oil fields over occidental petroleum. icahn, who owns 23 million shares, excoriates the board, dead set against its acquisition of anadarko petroleum financed by warren buffett who in may injected $10 billion to help it win its bidding war with chevron. today, icahn called the deal a
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quote, occi-darko disaster. he insists he still tends to run a proxy fight and if successful will quote, right this teetering ship. he says it's imperative that we the stockholders hold the ceo and certain board members accountable for the massive value destruction that has occurred. since april's bid for anadarko, occidental shares down 36% today. the stock is slightly higher, maybe due to the interpretation of icahn's revelation in the open letter that he has pared his stake by a third and maybe somehow investors think he won't go through with the proxy fight. for the moment, see what buffett has to say, if he does make any comment there. let's get to gap. gap's plan to spin off its old navy brand is thrown in doubt after the sudden exit of the plan's entire architect, the ceo art peck. gap says nothing is changed and it still plans to give an update on an earnings call later this
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month. gap also says you know what, they still believe in strategic rationale for the old navy separation. gap also cut its full year earnings forecast so at the moment, you see that stock down. that promptly sending other retailers into the discount bin. abercrombie & fitch and macy's, l brands, everyone down anywhere from 2% to 5%. a healthy jump for planet fitness as the workout club chain reported an earnings beat. the company also raising its full year forecast. same store sales are back on track. the planet fitness stock is jumping, about 10%. a nice move for that company. let's get to monster beverage, showing some real energy at this hour. it sold more of its namesake drinks overseas. it also issued a share repurchase plan for up to $500 million. up call that 3%, it just changed before our eyes. stock looking good at $58.30. but off the intraday high for
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the session. lower mortgage rates, i know you guys love to hear about this. that does translate at least this time around into higher home sales, which means gains for online realtor zillow. investors focused on zillow's revenue more than doubling in the quarter versus the net loss that widened from the year before. that stock is jumping 12%. all right. happening right now, as we mentioned, president trump kicking off the launch of his black voters for trump coalition at the georgia world congress center. he is expected to take the stage after vice president pence to tout economic opportunity zones and historically low african-american unemployment rate, but will he talk trade? that's what moves the markets here. georgia has been hard-hit by tariffs. look at this on your screen. the peach state saw a 67% increase in farm bankruptcies in the last 12 months, compared to the previous year. that's the highest in the nation of bankruptcies. georgia, a major exporter of soybeans and pecans.
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both a favorite of chinese consumers. so will there be a u.s./china deal? difficult to tell from the wild 36 hours of trade headlines. let's run you through them. first, yesterday economic adviser larry kudlow said if a phase one deal happens, it would include tariff agreements and concessions. rollbacks of the tariffs. but then last night, trade adviser and china hawk peter navarro appeared on lou dobbs here on fox business and denied reports that china and the u.s. agreed to roll back tariffs to get phase one over the finish line. but wait. this morning, navarro walked that back, telling npr the u.s. was willing to postpone the december 15th tariffs expected to kick in against chinese imports. a few hours later, president trump appeared on the white house lawn on his way to georgia to say he hasn't agreed to any rollbacks with china but that quote, china wants him to do so. that sent the dow down 70 points to session lows. we are recovering just slightly but we are still down 47 points. to blake burman at the white
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house. blake, my next question, what direction will the trade headlines take next? reporter: is that all that's happened in the last 36 hours or so? yeah. it's been a lot all over the place. you could even add to that as well the press secretary, stephanie grisham, when she spoke with maria saying if there was a deal in place, some tariffs could be lifted. we have been getting all of these different bits and pieces from several different sides to this but anybody that you talk to in this building will tell you, at the end of the day, it is the president who will make the decision and will make the final call and we heard from the president today, in which he didn't necessarily shut the door on saying that there could be a rollback in tariffs if there is a trade agreement, but he did slam the door on the possibility of a full rollback of tariffs. watch. >> well, they would tlilike to e a rollback. i haven't agreed to anything. china would like to get something of a rollback. not a complete rollback because they know i won't do it but we're getting along very well
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with china. they want to make a deal. frankly, they want to make a deal a lot more than i do. i'm very happy right now. we're taking in billions of dollars. i'm very happy. china would like to make a deal much more than i would. reporter: now, u.s. and chinese negotiators have been working to try to hammer out a phase one deal by next weekend which is when president trump and president xi were supposed to meet in chile for apec. that conference got canceled, as we know. interesting, liz, when the president was asked earlier this morning if he would end up meeting with president xi this year, so either at some point this month or next month, the president would not necessarily commit to a time frame. here he was. >> we'll see what happens. i mean, we'll see what happens. we're getting along very well. they want to make the deal far more than i do. i will tell you, they want to make it far more than i do. reporter: now, the president did say that if there is a signing, we like to have it either in iowa or in farm country saying that it would happen somewhere here in the u.s. but they still, they, both sides, u.s. and chinese
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negotiators, have to get to that point to where a deal could be put forth for president trump and president xi to agree upon and they are not there just yet. though both sides are talking about progress. liz? liz: blake, thank you very much. what a week for the markets, right? the major averages seeing multiple record closes all week long and it looks actually like the nasdaq is on pace for another one, maybe even the s&p. any gain for the s&p or the dow will be another record close. but as the year begins to wind down, investors may be wondering will we see a santa claus rally before the year is out? or will there be a repeat crash like we saw last december 24th, christmas eve when the s&p tumbled 9% for the whole month. it was an ugly christmas eve, if you remember. well, a frequent guest on our show, tom lee, is predicting the u.s. markets will see a santa claus rally without all the ugliness we endured last year, even saying the s&p will grow,
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you ready, another 3% before the year comes to an end. but with so much uncertainty surrounding trade, you saw what happened today alone with all the headlines and even brexit, should you be gearing up for the rally or will the economic uncertainties be the grinch who steals christmas? to our traders, tim anderson, what do you think? >> the s&p went to a new high in late april, then failed miserably in may. it went to a new high again in late july, and sold off pretty sharply the first week and a half in august. so far, we are holding these new highs that the averages have hit over the last week, week and a half, and the longer we can hold those breakout levels, given that the market might go up or down a little bit each day, the longer we can hold these breakout levels above the prior highs, that is very encouraging that this could be the beginning of a new leg higher which would include some type of year end santa claus rally. liz: phil, we are fixing the banner. we know santa claus was spelled
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wrong. >> you're not playing the christmas music. come on. it's the season, right? absolutely. liz: well, let me tell you, because last year, it was jaw-dropping and stomach-churning that december 24th eve where you saw the markets just implode and so begin to explain what you expect to see between now and call it december 31st. >> last year was a nightmare before christmas. that's what it was, okay? it really started because of concerns about what donald trump was doing with the trade war, you know, he pulled the rug out of the oil market by sanctions with iran, but the market really overdid it last year. that's why i think we are going to see the opposite this year. because so many times when that happens, it goes the other way the next time. i really am very bullish. look at monster today. i think that's a great sign for the rest of the market. i think everybody is juiced up on the monsters so they keep
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buying everything. maybe for the holidays, buy all the alcohol stocks, wine stocks, because i really do think it will be a merry christmas. liz: chris, i will tell you, the bond market's starting to do very funky things over the past 24 hours. we saw that bond yield, ten-year yield, spike 10 basis points. it's been a long time since people saw that and suggests short period of time, we are now at 1.92%. obviously we have come down from the highs yesterday. but the price of bonds plunged yesterday. what does that mean? can you glean or i guess deduce anything about what might happen in the next month as we lead up to the holiday? >> you've got more money coming back into the stock market, period. that third rate cut, it's still the place to go. the ten-year has been a good reverse indicator or kind of a turning point. not that long ago, two, three weeks ago we were looking, people were talking about the ten-year going to maybe 1% or lower, that 1.5% was a big, big,
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big level. now we are creeping back up towards 2%, my guess is if we get through the first of the year and there's no problems and if that ten-year starts yielding around 2.5 or 3, people are going to say whoa, whoa, whoa, now maybe i should pull some money out of the stock market because i like that rate of return. i would continue to watch that ten-year but i think, i would anticipate another santa claus rally as well. if you have been out of this market, the last thing you want to be doing is sitting around certainly thanksgiving dinner, you know, admitting to the fact you have been out of the market since july and so i think people are going to get back in quietly as we make more and more new highs because again, you are getting to the point where it's going to be fear of missing out and you know, so we'll see how we -- i'm looking ahead more towards the first quarter of next year. liz: all right. so are we. we look forward to every quarter here on fox business. gentlemen, thank you. have a good weekend. tim, phil, chris. all right. protecting your capital.
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with the closing bell ringing in 47 minutes and the dow still struggling down 34, you know the s&p is now up two points. could that be yet another record? any gain for the s&p, i will remind you, every possible moment throughout this next call it 47 minutes. california's deadly wildfires torching and destroying more than 700 homes and businesses. thousands last year. but one company has developed a product that could keep those flames from turning your most precious possessions to ash. we are going to introduce you to the company, rsg-3d and live demo the product in just moments. and a little disney fairy dust and the lion king's roar sending the mouse house stock shooting higher after its third quarter report. we got you the inside scoop as disney now looks forward to get set to jump feet first into the streaming wars. "the claman countdown" is coming right back. we made usaa insurance for members like martin.
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liz: if it weren't for disney's stock, the dow would be much deeper in the red. the dow right now down 30, but disney is up, flush with success on the heels of its earnings report. the entertainment giant now gearing up for the launch of disney plus. that comes tuesday. analysts already gaming the success of the streaming service but so are its competitors. let me get to kristina partsinevelos who has been picking through every detail of this. you can bet that apple and netflix and comcast will definitely be watching with bated breath. reporter: of course. we will show you that in just a moment. the choices are endless at the moment which is great for consumers. you want competition because that keeps prices lower but we
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have investors that did reward the stock. the stock was up today as well. you saw partnerships that disney announced with the likes of amazon, lg, samsung as well, so that helped the company. you are seeing it towards those i guess higher range over the past 52 weeks or so. but when we are talking about choices, you brought up choices, i think i could put it on to one screen ranging from apple plus tv all the way to roku, you've got amazon prime, disney, espn, warner media, hbo. you are seeing bob iger on the screen right now. he's been the ceo of disney for almost 15 years. he has said that he's not worried about the competition. he said that very recently in the past 24 hours, even though on average, according to research, american subscribers have 3.4 services on their various platforms and our viewers, i don't know how many you have, i know i have three on mine, you can see the prices range. but on your show yesterday, we spoke to the wedbush analyst who, like many analysts on wall
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street now, is very bullish on the stock. listen in. >> it's highly unlikely they will make money on this for several years but it's not a zero sum game. so if you look at netflix with 60 million domestic subscribers, you have to figure 48 million of those, 80%, are above median income. and if you are above median income, what's an extra $7 a month? the odds are disney is going to get to 48 million subscribers. reporter: i like to preface, a lot of these analysts are long term bullish. they believe there's going to be value but disney plus, the streaming platform, is launching on november 12th, is going to take some time to gain subscribers. they did launch it initially in the netherlands in september so we know the app is working, we kno know it's been well received. you can see some of the reports that came out within the past 48 hours. you have credit suisse with $150 price target, jpmorgan, same thing. ubs at $155. i will end on this interesting
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content because we talked about content being king. the fact that disney has now said they are going to take all of their fx content, the fx shows, and move it solely on to hulu. so fans will want to access hulu, a disney property. disney will also utilize that and offer a bundle subscription. so you get hulu, espn for sports as well as disney plus for $12.99 plus ads so there's a lot of different ways they are looking through this. of course, they are not like netflix. they have various streams of revenue. could be a good strength in the long term. profit, though, 2024. that's what they anticipate for this new streaming platform. liz: i just don't want to have to remember all the passwords. reporter: if you only knew. i have a giant document to save it. there are apps for that. liz: i know. then the apps get hacked and -- okay. thank you very much. we will be all over that story next week. in the meantime, you see the dow jones industrials coming up off the lows. we are down 21 points.
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perhaps that has something to do with the fact disney is finding its strength once again. in the meantime, president trump now onstage in atlanta, georgia. he is rolling out his black voices for trump coalition outreach program. we will keep an ear on it, let you know if he makes any news. in the meantime, you have got to stay tuned for this. california's biggest wildfire which was raging the past few days, is now officially out but the danger is far from over. the news late last night helping pg & e stock in this final hour. boy, does it need this 6% bump. yesterday, shares of the california utility were slammed, losing 14% on the embattled company's disastrous third quarter report. the bounce-back is interesting considering today's "wall street journal" report that their $11 billion insurance deal is hurting its chapter 11 bankruptcy talk. the stock holding on to 6% gains. up next, as the california victims prepare to rebuild their
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fire damaged or destroyed homes, they may want to look at this next segment. our next guest makes fire-resistant building materials. what we are going to do is head out to fox square for a live demonstration with a blowtorch to see how it works. the ceo of rsg 3d in a fox business exclusive. it's not just for fires. could it save your home from tornados and earthquakes too? we show you next. turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪
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fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity. liz: welcome back. i am now outside of my studios on the fox plaza and i have to tell you, we are out here because of this. if ever there were a case for fireproof material, it is what we are about to show you on screen. this is drone footage that was shot particularly across northern california after the deadliest, most destructive wildfire in that state's history.
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it's known as the camp fire which began exactly one year ago today. it killed 85 people -- [ inaudible ] -- people's homes and lives. now we have the recent spate of california wildfires. they have slowed down but the winds that fanned the deadly flames are expected to kick up again. enter rsg 3d. this is a company not only helping in the rebuilding process, but, and here's the key, working to prevent homes from ever burning down again. it's unique material. the company says it cannot burn down. but they are not only building fireproof panels, the company says they are earthquake and tornado and hurricane-proof? >> that is true. liz: we welcome the ceo of rsg 3d. thank you for being here. >> thank you, liz. liz: we just saw a camp fire video from last year. block after block after block of homes completely destroyed. most of those structures were made with what? >> wood, of course. that's the traditional way of
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building in the united states, has been forever. it's maybe one of the only technologies in the united states that has never changed. in fact, it's gotten worse over time. the quality of the wood. liz: we have seen when these wildfires go, they completely, completely go absolutely crazy and destroy. now, let's talk about your panels that you have made. talk about these. >> all right. this is a structural building system. it's extremely lightweight and extremely strong. it combines steel, expanded polystyrene for insulation, encapsulated in concrete. it's international code council evaluated and approved. it's the only panel building system in the world that is such. we did two years of testing at the university of california irvine. there are probably about 10,000 structures around the world with this. same material we built for the department of defense in iraq and afghanistan. university of california, we are building for a huge hotel chain right now, but it also works in
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affordable houses. jimmy carter used this system in 1991 in the houses he built in miami, which survived hurricane. [ inaudible ]. liz: let's show it. i said to my viewers i want to demo this. when we heard about your company, we said of course, we are in midtown so you will hear a lot of sirens at the moment. everything is fine here. we do, by the way [ inaudible ]. what is this? we've got propane -- >> this is a plumber's torch. this will burn at 400 degrees fahrenheit. the camp fire you showed was an extreme wildfire. that burned at 2200 degrees. an ember burns at 1100 degrees. we will do three and a half times what an ember would burn down your house is. liz: all right. here's the panel. let's talk about it as you do this. >> okay. what we are doing is applying three and a half thousand
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degrees of fahrenheit temperature to this surface. we are rated to be able to do this for one and a half to two hours continuously. liz: i don't even see any burn marks. >> nothing. and you won't. if you've got an hour and a half, we will do this for an hour and a half. liz: pg & e, we talked a lot about them because they have obviously turned off electric lines in order to prevent those sparking wildfires. is that really a solution? >> it's a solution if your transmission equipment which has been to blame for much of this is faulty. i personally think you are taking the most technologically advanced state in the most technologically advanced world back to the 1850s. i don't see that as a long-term solution. what is a long-term solution is not allowing a natural disaster to become a human catastrophe. so build right. build strong, build better, build resilient. we have those technologies. liz: can i just say, this goes on the outside of the skin of
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the home, correct? how would this work to prevent tornadoes from destroying? we have a lot of viewers who don't live in california. >> sure. of course. this is -- our walls will be rated for about 300 miles per hour sustained force winds. liz: one block just fell off the table. we turned windy. >> but this is one of the beauties of this, it's light. right? but every panel is built four feet wide and to any length. we build them 40 feet tall to do multi-story buildings. they lock together. so let me show you real quick. when a panel is put side by side, they lock together right there. that becomes a continuous wall unit. liz: let's just do the propane one more time because i want our viewers who might just be tuning in to do this and to see exactly what goes on, how much does this cost? >> this is very competitive against inferior systems like wood. this panel will be $3 to $6 a
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square foot. if somehow the concrete were to burn, this will not. that will torch just a little bit. that was oxygen liberating from the system. but this will melt. in fact, we do this to basically create a channel to run electric and plumbing through. we do this deliberately on a day-to-day basis. liz: i'm sold. i would not imagine why anybody would be building anything else. i wish you the best of luck. >> thank you so much. appreciate it. lo liz: by the way, ken is a former investment banker, right? >> i am. guilty as charged. liz: no, no, i think it's fabulous. really interesting stuff. good luck to you. >> thank you so much. liz: when we come back, much more ahead. charlie gasparino on the billionaire, the second one, entering the race for president. will mike bloomberg really dive in? we are coming right back. when you rent from national...
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gerri: i'm gerri willis with today's fox business brief. gopro making a big splash in the flagship line of cameras. strong demand in the hero action line helping to boost top and bottom line. shares currently up 7%. the home of the new york knicks and beloved rangers reporting a wider than expected loss and surprise drop in revenue in its latest quarter. despite the disappointment, the madison square garden faithful holding strong most of the day, cheering on plans to separate
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msg sports and entertainment businesses into two separate publicly traded companies. up more than 3%. shares losing steam right now, down a third of a percent. yelp shares on track for their largest single day percentage increase in over a year after the online revenue forum reported a 9% jump in revenue in the third quarter and predicted faster growth to the end of the year, snapping a four-day losing streak, yelp shares now up 15.64% as we head into the close. up next, charlie breaks it on a former new york city mayor and billionaire businessman mike bloomberg's next move as he takes aim at the oval office. that's next on "the claman countdown." beyond the routine checkups. beyond the not-so-routine cases.
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liz: i told you guys you had to watch. we just had 20 minutes left of trade and two, with one down to go, right, the nasdaq and the s&p are both now in record territory. look at the dow, down just eight points at the very moment, inching closer and closer. again, any gain will be another record. remember this? >> he's always maintained an office, campaign, kind of a campaign office, exploratory committee. that office has not been shut down, we are told. there are about six people in that office. >> even though he's announced not interested? >> it has not been shut down. the best way i have been told to describe it is the door is creaked open. liz: that was a month and a half ago. charlie gasparino called it right here first on fox business. former new york city mayor michael bloomberg getting ready, it appears, to throw his hat into the 2020 presidential race. charlie? >> we should point out that he's not in yet. okay? also point out that even a
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broken clock is right, what, twice a day, is it? liz: when are you all self-deprecating? charlie is pounding his chest. >> i'm telling you, we all have our moments here. here's what we do know. he's clearly upended the race by saying i guess officially now that he is considering getting back in it. remember, he was thinking about getting in it, he announced he wasn't likely to get in it. now he's saying he's maybe in it. we should point out that in upending the race, we do know that party leaders like senate majority leader chuck schumer privately grousing about this. i understand that he was at a fund-raiser last night where he was just, he expressed his dismay. it would upend the race, you would basically have some established front-runners, a moderate candidate in joe biden, progressive wing led by elizabeth warren, and they are starting to fight it out. he would come in and turn to simon said. we should point out if bloomberg
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does do this, would probably self-finance. donald trump says he's worth $10 billion. nobody believes that. he's maybe worth a couple billion and it's not very liquid. this man is worth $50 billion. he has liquid cash that he can spend on hand. i have been told something like $20 billion, $25 billion. think about that. the biggest presidential races, the most expensive races, generally run i think last year, last couple years, we have had records, something like $1 billion, $1.5 billion. bloomberg can pull $5 billion out of his pocket and make this work. just so you know, he's got the cash. liz: but the deadline for alabama, that state, that three and a half hours away and he has yet to officially file there. >> hasn't decided yet. he probably will. but that's at least what we're getting, that he probably will. here's the sort of negative why, and even if he does do this, why he might not run. okay? two problems that he has. he has the billionaire status which i think is a big problem. the progressives are generally,
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you know, they are ascendant in this party. being labeled a billionaire could galvanize progressives around elizabeth warren. liz: it didn't hurt donald trump because he's a republican. >> it could hurt, it could galvanize them. the second thing is, this is not with progressives, another wing of the party. the african-american wing. michael bloomberg does not have good relationships with african-american leaders. new york city was famous for stop and frisk. it is a problem. you know, the democratic nomination, at least this is what the biden people are telling me, they believe they can win it through the south and in the south, black voters are extremely important. so those are the two problems that he has. liz: can i just say, though, trump voters are for, some of them, are for stop and frisk which is something that -- >> we are talking about the nomination. we are talking about the nomination. if he goes up against trump, he matches really well.
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white suburban women, you know, he does have a way to beat trump, plus money. he will outspend donald trump. donald trump is going to crush any other democrat in spending except for this guy. now, will he run. i still hear skepticism. i still hear that he's going to sit back and say maybe now he thinks he's got a path but when dollars come to donuts, they're not sure. anyway, just keep watching. i will say this. the race has been upended. biden is going to fight back. biden from what i understand is putting together a coalition of african-american mayors and governors and politicians in a couple weeks, they are going to give a press conference and say why they are supporting him. he was the vice president for the first black president, barack obama, and he's got strong ties there. so remember, there's going to be chess moves here. biden's chess move comes next. then it comes down to does he really go for it. he's not signed up totally just yet. liz: charlie, thank you. we'll be watching it. charlie said it first a month
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and a half ago. from one billionaire power player to another. with the closing bell ringing in 14 minutes and the dow still down about 13 points, stylish stainless steel water bottles, a magic massager and the ultimate backpack. with freeze-dried ice cream any prepper would love to have. just a few of oprah's brand new favorite things this year. up next, we have a look at the big publicly traded companies topping the list of all holiday lists and if there are big sales thanks to oprah, could the shares start to reflect that. check out this week's everyone talks to liz podcast. these two guys on your screen, they are from bosnia. they grew up during the horrific war there. they turned into game developers. these two are unbelievable, because guess what, they created a little game called the enchanted world that's now global. google and apple loved it so much they put it on their apple
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arcade. you have to hear how they did it, how did they grow up gathering little bullet shells and all kinds of war-torn areas debris, that's what their play games were and they came out to be on apple arcade. tune in, apple, google, fox news pod casts.com. ♪ diamonds shine like me. they're strong. they're brilliant. i am a diamond. find beautiful diamond styles for all the diamonds in your life, including you. get 25% off everything. including these one of a kind deals at the early black friday vip event. exclusively at zales. the diamond store. [maniacal laughter] friday vip event. gold. gold!
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liz: it's the most wonderful time of the year for oprah fans, but thanks to oprah, maybe for some publicly traded stocks, too. the media maven unveiling her 2019 favorite things list. apple claiming two spots in the tech section with its apple watch series 5 and power beats pro headset. amazon's echo dot kids edition also makes the cut. not to be outdone, sony, yeah, sony gets on there.
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sony's xp12 extra bass portable bluetooth speakers also among the billionaire's top ten picks. by the way, clothing retailer lands end also claiming a spot on the coveted holiday gift guide with yes, matching holiday pajamas for the entire family. spin class, i love this one, spin class power house flywheel pedaling its way to oprah's heart with its home bike with a built-in tablet. so i go to classes and have a peloton, i'm cheating on both. okay. we're watching all of that and more. after the bell's connell mcshane here now. any of oprah's big picks making it to your wish list? connell: i have a bunch of alexas already. my wife threw one away because it annoyed her so much. liz: good for her. connell: i could use a watch update. i'm two series behind on the apple watch deal. liz: why are you telling me? connell: you asked. i thought maybe you wanted to -- liz: i thought you were hinting. connell: i could have been. could have been.
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maybe melissa. anyway, coming up in the next hour, at the top of the hour, we will obviously have closing numbers on wall street and look at the week. we also have a lot of national security issues to talk about, for example, turkey, president erdogan is coming to the white house next week and made some comments today about syria that could shake things up before that visit. we will talk about that. all that and more at the top of the hour. liz? liz: connell, thank you very much. with the closing bell ringing eight minutes from now, 2019, you know this, as a business news viewer, right, it's been a year filled with scandals for companies from boeing's 737 max crashes and possible coverup to opioid settlements and the college admissions uproar. but today's "countdown" closer has some stocks rocked by scandal that he says could help your portfolio. scandal stocks, next on "the claman countdown."
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♪. liz: looks like s&p and nasdaq are about to see all-time record closes. dow can turn it around in the next four minutes it would be the forth record close of this week alone. all three up for the entire week. this is the sixth straight weekly win for gerri is at the nyse. >> here what traders told me, rotation into materials, dow a big player there. chevron pretty rough week with earnings. down 36% recovery here. as you can see, walgreens, news this week the company is considered going private. also ms. sign know raising a price target on that company. all three of those are higher.
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the laggards, let me tell you, amount they're lagging very narrow indeed. i want to mention pfizer. the company received informal request from the doj seeking document related to russian operations. people wonder what that is all about. the stock is down. the stock trading in narrow ranges. we'll be watching. liz: gerri, thank you very much. fedex, johnson & johnson mcdonald's, three of big publicly-traded companies recently clouded in controversy but today's "countdown" closer says this is precisely the time to buy all three. haverford trust company, co-chief investment officer, brave investor hank smith. give us a line on each of the names, explain briefly their respective controversies. >> certainly. with johnson & johnson you have the talc lawsuits. you also have the opioid lawsuits that are involved with.
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we believe that even if they are found liable we don't think will happen, it is very manageable in terms of the ultimate costs, maybe several billion dollars. this is a aaa balance sheet rated company with $20 billion of cash. so i don't think that will be a problem. of course with mcdonald's the ouster of their ceo, only 52 years old. and we think that is going to be a non-issue. mcdonald's has had a half dozen ceos in the past 20 years and they have managed the business very, very well despite that. and fedex, look, they're guilty of being down 30% in a bull market over the past, over the past two years. we think coming into 2020 some of the headwinds that impacted them, global slowdown, tnt integration and a big capital spend that we believe that
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they're near the end of will all turn into tailwinds. i have to also mention giving up the amazon business, i think they will lock that next year. liz: by good quality companies going through rough periods of time. we are within four points of turning around for the dow jones industrials. we see records for nasdaq and s&p, with 50 seconds to go. it's a little nerve-wracking to buy in at these heights? >> we don't think so. we think the market is fairly priced, not overvalued given level of interest rates, given low levels of inflation. on top of that we see economy going to start accelerating into 2020. as we clear up the uncertainty regarding trade and tariffs. and so, we think this is still a good time to be entering the market. it is an underowned market liz.
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liz: sure is. [closing bell rings] liz: one of the most hated bull rallies of all time. great to see you. hank smith of haverford. markets for the s&p and nasdaq, you're witnessing another all-time record close. not so much for the dow. the dow turned positive. melissa: that was positive for us. new records on wall street but the dow fighting for gains at the close. looks like it is going to end up better than two points after president trump says the u.s. has not agreed to roll back tariffs on china. the dow ending up now three, 4.8 points. oh! a day after closing at record highs. i'm melissa francis. connell: i'm connell mcshane. this is "after the bell." can't keep it down. melissa: i'm embarrassing you sorry. connell: can't keep it down. it is another record day. this is 18 records for the s&p this year. that is pretty good.
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