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tv   The Claman Countdown  FOX Business  November 12, 2019 3:00pm-4:01pm EST

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advantage year-end. charles: you have been on the show in the past, you have been the calmer voices, optimistic voices, the audience appreciates it and so do i. hand it over to my colleague liz claman. >> that's right, mohamed the man on wall street, on main street people listen to him, most widely followed guy when it comes to this house. the mouse house pretty unstoppable as we head in the final hour of trade, disney is toggling between the top 2 positions fighting it out with merck on dow 30, nice move buck 62 for disney and what's most interesting that the upside move in the stock comes despite hours of error messages that greeted star wars and marvel fans across the u.s. who were attempting to log on the newest force in streaming, that is the screen that they got. unable to connect, but moving
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right now, will super heros and high school musicals pack punch against upside down world and apple media chapter, netflix with jeff sica go head to head, do not buy or sell either name until you hear them fight it out on this. stock had been looking to shatter broken records, all-time close since president trump took shop in the oval office, the president touting economic record while also hitting back at his enemy number 1, the u.s. federal reserve, we've got team coverage of all the actions standing by edward lawrence in new york economic club, he was in the audience, carrie willis, mohamed with his reaction to today's speech and more importantly what mr. trump did not say about the state of our economic state and even better
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than gold, it's been the asset that bill gates and warren buffet have planted their roots in over the years and coming up we've got a new tool looking to help put your portfolio on pa paraforma, one that bill gates and warren buffet. less than an hour to the closing bell, let's start the countdown. ♪ liz: facebook is jumping at the moment after rolling out facebook pay, it's cross platform payment feature, the stock is up 2 and a half
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percent, this afternoon the social media giant rolled out and introduced facebook pay which allows users to enter payment information once for all of the facebook apps and enable everything from in-game purchases, event tickets, person to person payments, donations to charities, whatever you need, so right now facebook having a 4.56 to 194.17. no advance for advanced auto parts, do it yourself auto parts retailer is the biggest loser in s&p 500 in final hour of trade, dropping 7 and two third percent. it actually beat on earnings but did whiff on same-store sales, the picky analysts wanted a 1.3% increase, so advanced auto parts getting punished. best day as far as percentage days in nearly 10 years, a gain of 10 and a half percent, the factory automation equipment
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maker beat fourth-quarter profit estimates on higher sales, very nice 10-year picture for rockwell automation. we flip it over to tyson foods. this morning it slipped premarket after posting biggest quarterly profit miss in more than 2 years but then the stock turned completely around after the company ceo said that tyson's push into alternative meat is gaining ground. yeah, well, the stock is gaining ground by 6 and two thinker -- two-thirds percent, nice turnaround. nice move on news that busch will pay in cash to buy out the company, it currently has 31% stake in craft brewer lines, we are very close to that number, we are at 16.24, keep an eye on that.
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from stocks to bonds to everything in between, investing world hanging on every word out of president trump who spoke today before the economic club of new york just down the street and very eager to hear whether he takes a softer approach on trade, what they got on china was this. >> no one has manipulated numbers or taken advantage of the united states more and i won't use this word cheated, nobody cheated better than china but i will not say that. [laughter] >> we will say that off the record, okay. there's only about 600 cameras back there. liz: right, i mean, okay, so you see the charts, the dow dipped on the china bashing but recovered after the president said the u.s. is, quote, close to signing phase one of the trade deal but we are very close to session lows at the moment for the dow, down 29, that could not hold but speaking of bashing , the president did take
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aim at the other favorite target the federal reserve. edward lawrence, surprised audience that the u.s. should follow europe down what many would call the rabbit hole of negative rates. >> shocked a little bit of folks in the room, a little bit of silence and president trump going after federal reserve, policies are holding back the economic potential of this economy going forward, now the president saying that other countries are drastically reducing interest rates as you say going towards this negative race in -- rates in some cases and money is too expensive and should be cheaper, he thinks that we should be more in line with what's happening around the globe and money should be less expensive. listen. >> give me some of that. [laughter] >> give me some of that money, our federal reserve doesn't let us do it.
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>> and he says the federal reserve has made a mistake in the rate. president obama basically had free money with close to 0 interest rates, the president saying that the fed has gone up too high with interest rates, too fast and it is coming too slowly back down to where the president believes those interest rates should be and the president blames past presidents and another subject for killing the manufacturing industry in the united states, president trump saying that his policies, his tax policies as well as tariff policies are bringing companies now back to the united states and reopening factories where under past administrations the factories have closed. the president again taking on his favorite target there of the federal reserve and believe that his policies are making manufacturing revive here in the u.s., liz. liz: edward, thank you very much, edward lawrence. by the way, minutes after president trump lamented that we in the u.s. do not have interest rates like japan or germany with
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france barely above water, the philadelphia reserve bank president swatted back during public appearance, patrick parker said, quote, it would be extremely high hurdle for him to support negative interest rates, we bring in wall street's most closely watched economist economic adviser mohamed, patrick harper understands business so much so that he was the dean of warton business school, one of the top business schools in the world. should we follow europe to negligent i have rates? >> no, both because of the journey and the desta motion. -- destination. if we follow europe that means that our economy is falling apart, that we are entering recession and then the destination, liz, is also problematic, i think europe is learning that negative interest rates become counterproductive.
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they eat away at the market base economy, so we want to avoid negative interest rates because neither the journey nor destination would be good news. liz: okay, what did you make to have speech, what in particular jumped out at you? >> so i think it was as expected and you see that in the marketplace and in particular four things, one, he highlighted h important achievements of the economy, but at an aggregate level and then in terms of disadvantaged segment of the population, i think that's important, two, he highlighted that the markets are created at record highs, 3 as we just heard, he complained about the fed raising too fast and lowering interest rates too slow. and finally, he maintained total optionality on trade, he didn't give anything away, look, we can get to a good deal but he continued to warn and threaten china and i think most of us expected that that was going to be the outcome and i think the
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market plays, you see it from the behavior of asset prices are comfortable with what was said. liz: okay, do i need to bring in everything regarding the tariff wars an trade situation because according to ubs, the u.s. economy will average growth at 1.1% a year, that's pretty paltry, in the meantime not only did president trump call china cheaters but he slappened -- slapped at the european union, hi said, terrible, just terrible, sounds like the trade wars is something that he continues to want to pursue, do you feel that that in turn will hurt our gdp? >> so undoubtedly they'll be some damage, i don't think it's going to be as bad as ubs cited. but i do think they'll be some
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damage. that's not the point, liz, the point is we have to get to free but fairer trade system, allies agree that we have long-standing grievances against china, intellectual property theft, force transfer of technology, joint venture requirements, we don't impose on -- on china, so i think deeply agree that if not now when, when will you stand up to china, look, you've benefited enormously from the global economy, developing process but you have to play by the rules, so short-term cost, yes, but if the strategy is successful, then the longer-term gains will be significant not just for the u.s. but the global economy as a whole. liz: i agree with you, we cannot be stomped on and following the rules as the president said while others are not and china has to change, tell me right
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now, mohamed, from what you have seen will china change? >> i think they are going to give -- make some very short-term concession that allows for, you can call it a mini deal i prefer calling it a truce, but the fundamental issues aren't going to be addressed this time around, most likely prospect is renewed tension. the only thing i would have done different, liz, is i would have brought european on board and presented common front to china. europe has exactly the same grave answers as we do in terms of intellectual property theft and those other factors. liz: okay, now i need to know what to do with the knowledge that you have in your mind, please share with our viewers at the moment where you feel the areas might be that are most by the landscape that you see going forward, whether it's in a trade-war atmosphere, you know, pressure on the federal reserve, and by the way, the fed appears to be digging in its heels, we do not see interest rate coming
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next month. >> so a few things, one is relative to other countries, we are better placed to deal with this world of trade tensions, so don't fade the u.s. too quickly, i know that the u.s. has outperformed other markets by massive amount, if you go to end of 2010 until now, the s&p is up almost 200% and merging are almost 20%, we deploy away from the u.s., not yet, the first statement is a relative statement, the u.s. is in a better place than others an it is better equipped to navigate this environment. second, we've got to get off the fed's liquidity support. it's not healthy in the long term conditions trade and liquidity which we have done for
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a long time. we have to address that fundamentals are what matters and that lead to third factor, we should be really be pressing for more progrowth policies especially in europe but also in the u.s. >> well, if you had the president in front of you, would you tell him that, we are in a healthy economy bearing much in part thanks to his policies and i look at this and i think negative interest rates are a flashing red sign and it's down the rabbit hole if you do that. >> it's important to understand his frustration which is other countries in his view run more competitive monetary policy and that results in, a, greece being able to issue negative rates, we don't look at that, greece, highly-indebted country, how does it issue negative rates and b, it means the dollar is strong and he feels that that is a competitive disadvantage, i share his conditions but the answer is not negative rates,
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the answer is let's try and help europe get to a better place in terms of what they need to do and we should continue investing in what drives genuine growth which is infrastructure, labor retooling, retraining, fiscal reform, that sort of thing. liz: you just said the i word, infrastructure. mohamed, lovely to have you, thank you so much for joining us. >> thank you, liz. liz: right here, we are coming right back from the floor of nyse. don't go away ids like very high triglycerides, can be tough. you diet. exercise. but if you're also taking fish oil supplements, you should know, they are not fda-approved,
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liz: we are just getting breaking news from easy maker tesla, tesla is going to build a giga factory, giga factory 4 and brand-new vehicle factory in the berlin, germany area. now the first lithium ion assembly factory was built a couple of years in nevada and employing 3,000 people in the state, elon musk had hinted a while back that germany was the best pretty much the best area to build these things and it appears that berlin gets the nod. all right, while the markets have touched historic highs in early trade, we have fallen off slightly, no record gains tat moment, anything could change in the next 41 minutes of trade, we are seeing some kind of weird -- let me show you, take a quick look at 10-year treasury yield, right now it's at 1.91%, pretty close to 2% level and just remember a couple of weeks ago
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it was incredible by low, much lower than that, flip it over to the 30-year treasury yield trading at 2.39%, here is the weird part, just last week investors yanked a record $1.2 billion out of the shares 20-plus year treasury bond etf, the worst week of outflows ever and then there's this, gold hitting a fresh 3-month lalleddier as dollar continues to push higher, gold is up fractionally but as we watch the exodus out of bond and gold, bank of america, the fear of missing out to move cash into stocks. should you follow that trade? we bring in matt from the floor of the new york stock exchange, what do you think? >> i thought missing out was for teenage girls missing parties.
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any bit of selloff people get nervous and they would rather miss the trade and buy it on a rally, now we have stalled at highs, can we find the next leg up? that's the next question, we have seen industrials, mixed bag, they are back to where they were, you know, prethis china china-u.s. trade war stuff, where are you putting the money at the end of the year, where are you chasing turn, that's where the fund manager has to look at right now. liz: i understand that, if you look at financials, a red picture here but taking into account that the federal reserve probably will not raise rates next month despite president trump's wishes he stated just an hour or two ago at the new york economic club, do you see an improved opportunity equities or are you concerned in the back of your mind, matt, that when you start to see the sideline money pour in that might be the signal
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to start leaving? >> well, you know, we were waiting for some of the sideline money for quite some time here and equity side. now you get to the end of the year, people are chasing return, you know, they've got to show what they are worth at the end of the year, so we could see the rally towards the end to have year, we have the fed on hold, presumably, i don't think they are going to cut any time and i don't think they will raise any time, so if you're going to make an investment maybe take a shot in sectors that are beaten down, you talk about gold, that's on allow here, 3-month low, maybe you start chasing some of that in your portfolio add if there is a little bit of a correction in the market you at least have sturdy blanket. liz: yeah, we are looking at all of it. 3-month picture of gold, much higher certainly before, matt, great to see you, thank you very much for talking about fear of missing out, yes, those of us with teenage daughters know all about that. by the way, stocks, of course,
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far from the only game in town with the closing bell ringing in 38 minutes, yes, the down 23, s&p up about 2 points, folks, we need it to be 6 points for all-time record close, but for now forget the blue chips, forget the s&p, forget gold and art, we've got a look at the one asset that one disruptor says can land you some massive profits well past those of gold and stocks. even bill gates and barren buffet agree on this, this start-up is now helping you give into much more easily, fox business invested in you, the claman countdown coming right back.
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liz: this was a bit of a shocker, 2 hours ago the new york stock exchange delisted america's biggest milk producer, dean foods filing for bankruptcy confirming it engaged with dairy farmers about a potential share, dallas-milk base processor have been leaking, 79%, dean foods waved the white flag, recent report says that the number of farms filing for bankruptcy is up 24% from last year with 1,048 bankruptcies total since president trump's trade war began but this news is not stopping our next guest from digging up profits in the heartland, he's the founder of a brand-new start-up acre trader and what it does it brings farmland investing to the masses, he says farmland is an asset class no one is talking about but they should be, acre trading founder on fox business exclusive. this is a contrarian investment especially when you see farmers
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are struggling and i would imagine that farmland is less expensive now and bill gates loves this trade, tell us about how acre trader works. >> sure, thanks for having me on, very simply a platform that allows to trade online, we acquire a parcel of land and put in unique llc, allow investors to come on and you can come invest. liz: you can buy a single share, a couple of shares, how much is a share, does it matter what location of the farmland? >> sure, all of the above certainly matter, 5 to 10,000 is invested minimum we see on the site. liz: 5 to $10,000, do you have to be accredited as an investor to get involved? >> currently we do. liz: how do they do it, is it a website right now, if somebody is watching right now and says we can -- we are ready, we have enough liquid here. grow to acretrader.com and you can create a free account, educational material,
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walk-throughs, et cetera. liz: well-known quote from warren buffet, he has said i would rather own all of the farmland in the united states than all the gold in the world. farmland is consistently beat other asset classes although there was a time where it was extremely cheap, where are we in that cycle? >> sure, i think that's what exciting about farmland, doesn't tend to act in big cycles, you don't see large price swings, dean foods and farmers struggling with commodity prices, you have volatility in the markets and volatility in stock market, gold prices, look through all of that, for the last 30 years farmland has returned investors -- liz: we are showing on the screen, keep that up, folks, the yellow law is farmland outperforming timberland, outperforming everything but i believe u.s. government bonds, commercial real estate, i think, but i find it very interesting
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because because the world is littered with people who bought things that they never were able to see, glen gary, glen ross, people didn't see the product beforehand and turns out not to be very good. how can you confirm and make sure that you -- what you promise is what people are getting with farmland? >> sure, it's in our best breast first and foremost if we treat our investors well, we have a team of dedicated staff members, so we have billions of dollars in transaction experience, hundreds of millions of dollars of farmland experience, farmland management experience, pardon. this is what we do, this is what we do every day, you know, incredible expertise and we are excited to bring the asset finally to market where previously equity was rapidly growing in the states, gates foundation, investing in the
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trend, the problem was it took a million dollars and we do that for investors, click, click, you are in farmland and we take care of everything else. acretradeer, what's the minimum number of shares people can buy? >> 10 shares is the minimum. price acre can be $3,000 to $50,000 if you're in california, quite a big variance. that's what we focus on. we take maybe one aside. liz: this is really interesting, i want you back when we are not entrenched in a trade war. [laughter] liz: boy, it sure is interesting to see an idea like acre trader, good luck to you. >> thank you so much. >> acretradeer.com. the streaming war officially a battle royale right now with closing bell ringing in 20 minutes, the dow is down 4 points, any gain is all-time record high, netflix fighting
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fire with fire taking aim at both apple tv plus and disney plus' debuts with the launch of second season of run away hit the crown, but who will ultimately rule the day in the digital empire and who will be the first to fall? our all-star panel, please stay with us.
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liz: this is interesting, another shot going moments ago in the battle of the streamers, former ho -- hbo, to sign deal with apple tv plus, the news on the day that wasn't quite a fairy tale for disney plus, left thousands of users or attempted users without access. received more than a hundred thousand reports of connection problems in the first 12 hours, the problems we have confirmed have now subsided almost for the entire most part, but is the bumpy start a sign of things to come? apple tv plus did not have and amazon, netflix are working fine today, media tech capital partners, he's been following
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disney for four decades, sica, early netflix bull, just taking the opposite side, porter, by the way, i want to show it to you, i don't know if we can take a shot, there are food trucks new york city with the cookies -- >> mobile streaming rooms where you take phone. >> porter was nice enough to steal me a cookie. okay. how many? you know some numbers, you know late-breaking numbers? >> bob iger claims 8 million on day one which is probably true because they had one of the most massive prelaunch promotion programs that i've ever seen including cookies in eighth avenue.
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>> you compare 150 million that netflix has, they have a lot of catching up to do. i don't hate disney, an incredible company but long way to go, netflix has 12 years, they poured billions and billions of dollars into content, they have a lot of great content. >> 14 billion in new content this year alone. >> yes, disney has their hands full. they have to catch up. they are the kings of content and i would take netflix at least in the short term. liz: could they not have done 15 beta tests before now this, this is what we are talking about, i'm not sure that's fair. >> well, here is the real problem that bob iger has, he's late to the game, he decided to go into streaming only 2 years ago and they bought bam tech which was a very small streaming technology company that was basically streaming major league baseball, if they had a million people using bam tech that would
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be a miracle, 8 million crashed the system right away, he'll have to upgrade the technology, the other thing that -- that netflix has in spades is customer relationship management. they have the best data on the users, it's so easy to come in and out, to find what you're looking for, one of the big problems disney has, they have 12,500 new -- how are they going to find them? liz: conceding a little bit on the side of netflix but netflix promoting the crown, obviously that will grab a lot of eyeballs, people absolutely love the show. tell me how else netflix will beat out disney when they have the star wars? >> this is going to be very difficult for them to beat out disney because as porter said, you have a massive amount of
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content but netflix has the loyalty, they have the loyalty and they have people who binge-watch, you know, the bottom line with netflix is the demographics, they understand the demographics better than anybody and i don't care and how much they've been spending money, if you have a 12-year head start at studying how people watch, you are -- you are -- you are in a good position to start creating new content and they keep making great shows, they haven't slipped up, the shows -- i mean, granted, there's some shows that are pretty lousy on netflix but there's a lot that have a following and i think the people will remain loyalty -- loyal. liz: can i throw comcast peacock into the mix? comcast really behind. >> here is from an investor's point of view, here is what you should pay attention to, disney has been for decades a value stock, today it became a
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momentum stock, investors will price disney up, up, up every time disney makes an announcement of how many tens of millions of new subscribers they've got, but here is what bob iger is going for, disney has pe of 17 as value stock, they are right where most major media companies are, netflix is 92. he wants to be a momentum stock just like netflix and get -- liz: very quickly. >> i had said in 2012 in the wall street journal that apple should have bought netflix, it would have been a good move on apple's part. >> you bet. >> now they are trying to play catch-up and i said that and the reality of it is that what i see is going to happen is the momentum will increase and these two, disney and netflix, are going to dominate, the other ones are just going to have to fall behind. >> don't forget amazon prime.
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liz: i got my cookie, that's all i care about. [laughter] liz: porter thank you very much, jeff sica, always a pleasure, by the way, s&p and nasdaq are both positive right now, dow is in the red, the claman countdown is coming right back, any gain for the dow is all-time record.
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brian ui
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liz: whoa, the nasdaq is on pace to close at an all-time record, we are there, anything, jump of anything more than 11 points means brand-new history-making here, we are up 17, s&p just 3 points below record levels, as soon as we see it up about let me say exactly 6.07 points we are there too for another record. do i sound like a broken record connell? >> good thing to be a broken record about it. every day it seems like we are on the edge.
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liz: i know, it's been amazing. >> it's been fun. we have a bunch -- obviously, we will follow the markets and whether or not we will set the records on after the bell, also san francisco has new district who is reportedly not very interested in prosecuting what they call quality of life crimes, so melissa will talk to steve hilton about that and raises a lot of questions, what it means for the city's economy going forward if they continue with that policy and more on the president's speech and hong kong and kind of be the scorekeeper and see whether we are in record territory in a few minutes. liz: you know, it is a real problem and unfortunate, my daughter who was looking at colleges up in the area, she said, mom, there's so many homeless people in the bay area, the whole bay area, guys, fix that, quality of life does matter. >> yeah. liz: connell, thank you, connell mcshane. when we come back could we be on track for records, can charlie gasparino bring breaking news?
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he always does, we will be right back.
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♪ liz: the securities and exchange commission probe and kindling e-commerce results reopening, look at shares, investors struggle to pick up the pieces in the wake of former ceo patrick burns controversial exit 3 months ago, charlie gasparino who was interviewed since the shocking deep-state resignation letter is here now on allegations of spy gains? >> do you remember scene in animal house where kevin was the cop on the street and he said, all is fine, all is fine and they ran him over and flatten him out, everything is fine,
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earnings are horrible but, we are turning the corner, that's the new ceo after patrick resigned following what he said, he was involved in an fbi i guess sting operation involving the russia mueller probe, we don't have to prosecute that right now, others, you know, have other opinions on why he left. that's what johnson said today, he said something else that was fascinating that the sec has launched or ramped up investigations into the company, when i spoke with johnson earlier a couple of months ago, he said sec investigation into the transformation of overstock, crypto company, crypto exchange, block chain company, that investigation was dormant, was the word he used. as we know now it's not the filing and he addressed this during earnings call, they've issued another subpoena on that in october, so a recent
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subpoena. liz, okay that was the ceo, what about the former ceo? >> here is something interesting, the sec has investigated, are investigating communications between burn and overstock, they are also investigating stock sales by insiders, okay. liz: he sold out, cashed everything he owned. patrick burns. >> patrick burn right before the company issued guidance that was a lot lower. liz: he denied to you specifically that his sale had anything to do -- >> and he layed out and it's on fox business.com, ticktok and i tried calling patrick and i did call overstock. liz: where is he now? >> the last i spoke he was in bali. he's out of the country. whatever he did, he's not convinced the sec because the sec has asked overstock for copies of stock trading plans of executives, obviously his and
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those communications between the company and burn, it's a serious situation. on top of that, you have a company whose, you know, obviously the numbers are not adding up. there's something going on there. so this is probably not the last we will hear about this story, the investigations of these types, this nature go on for a while, patrick has his side of the story, he said he had no idea that the -- they were going to take guidance down before he sold. the sec is obviously not totally convinced that that's why they are doing this, the company is strangely not commenting on his rationale for selling the stock. liz: i'm sorry to do this in control room, can we put up stock, it is down 3%. >> why? liz: well -- >> why?
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>> a hundred million dollar -- >> no offense, we reported that months ago on your program. liz: but now -- >> it is not coming out now. people are talking about it. liz: it's shaking out with the numbers. cbs's revenue missed and partly -- >> i know that they're telling me you have to go, when he cut the deal to stay, he's staying for something like 70 to 100 million, no doubt, overreaction. liz: the boards never understand how this is going to look in the rear-view mirror. >> when the company misses what? liz: revenue. >> that's why it's down. [laughter] liz: charlie gasparino, the dow is flat -- so oh, slightly positive, we have a horse race here. . .
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gold! right, uh...thank you, for that, bob. but i think it's time we go with gbtc. it's bitcoin exposure through a traditional investment account. nice rock. it's time to drop gold. go digital. go grayscale. ♪. liz: 2 1/2 minutes left of trade. the nasdaq, folks i will say right now it's a record. it will be a record close because all we need to see is a gain of 11 points. we are for the nasdaq up 20
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points. the s&p very tight. we need to see a gain of six points. we're up nearly four. the dow, that is even tighter. any gain is all-time record. the 100th for the if we see one since president trump became president. let's bring in 47 billion-dollar man dan henken vice president, portfolio manager at sceurion asset management. a pretty good week this week. where are you in the investment idea and concept for your clients? >> fair question. we, our team we focus on the fixed income market. on a day with record highs in the equity markets i appreciate you talking bonds. where we're positioned right now is pretty cautious, right? i think, you know, today's speech with president trump at the economic club of new york, just kind of highlights uncertainty and unique time we're living in. i think there is hard to underwrite a lot of risks in the
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market right now. it is certainly risk-on atmosphere. we overweight a lot of fixed income sectors we think are durable. think banking utilities, some transportation sectors. in the structured market, we like consumer facing structures. we still like the consumer in here, unemployment at record lows. even though there are modest, there are some wage gains. liz: that absolutely makes sense. the dow turned positive. we mentioned that. we have less than a minute to go. give us your best sense of areas to be in? >> certainly in the fixed income markets, the record highs illustrate importance of a ballast in the portfolio. not lose sights of fixed income. we're 10 years in the recovery of the justifiable that clients be prudent. don't need to chase areas like high yield and more overpriced, overheated areas in the fixed income markets.
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liz: you get balloons. i haven't seen balloons. we had confetti and dollar bills. fox business kicks in. it is unchanged. [closing bell rings] it turned negative. did we call it too early? oh, now it is up seven. i will call it a yes. what do you think, "after the bell"? melissa: delivering on promises, exceeding expectations president trump touting the economy and stock market as all three major averages flirt with record territory. connell: that's it for now. melissa: the dow closing come on, hang on. looks like it is up a point. fighting for the fourth consecutive record. i'm melissa francis. connell: i'm connell mcshane. this is "after the bell." s&p is up about five now. they will fall short. needs to be up six points plus for would have been 100th record close unpresident trump. looks like we're short of that. nasdaq in record territory up by 22 points. a quarter of 1%. 15th record close. 2019 for the

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