charles: all right. for a second, for a split second we peeked into the green on the dow jones industrial average, we're only off 14 points, the calm before the storm. 3:00 is always the most exciting hour of the day. liz claman, over to you. liz: the pressure's on. [laughter] thank you, charles. great to see you. well, it is official, former new york city mayor and self-made billionaire businessman michael bloomberg will run as a democrat in the 2020 election if he decides to take the plunge which sources say could be a decision he makes very soon. it's something fellow billionaire and home depot founder ken langone has already applaud on "varney & company." listen. >> mike would be, to me, a formidable candidate and a great president. liz: how will bloomberg's entry, if it does come about, as a democratic candidate shift the narrative from the other 2020 hopefuls we saw on stage last

night in atlanta and perhaps even from president trump? wall street listens to jason trenner, he is here to react to the political and economic implications and how it might affect your portfolio. markets treading water but well off their lows as conflicting trade war did mitts and mixed economic data are failing to give direction either to the bulls or the bears, but anything could be happening in this final hour of trade. dow jones industrials hovering just below the flat line, down 12 points. same with the s&p, down 1 point. same with the nasdaq, down 8 points. but electronic traders are cheering a possible $26 billion tie-up between charles schwab and td ameritrade. charles breaks it -- charlie, as in gasparino -- breaks it on the next trading firm to consolidate. not these two, who's next? and the small business turned not unicorn, but pegasus with a

$2.5 billion valuation making companies like uber, airbus, loreal faster, stronger and more secure, our fox business exclusive with the ceo. we're less than an hour to the closing bell, let's start "the claman countdown. ". ♪ ♪ liz: breaking news, package maker bumblebee just announced it has entered into an asset purchase agreement with scf which apparently has agreed to buy its assets for $925 million. the lunchbox staple -- i don't know as far back as when i was bringing up brown bag lunch in school, also has initiated chapter 11 bankruptcy proceedings. bumblebee has been facing actually criminal fines and lawsuits alleging from a federal price-fixing case. we're watching this story very closely. folks, we've got a bearish call

hitting chip equipment maker stocks very hard, uws is --ubs saying companies face headwinds stemming from peaks in the midterm. on your screen, these are semiconductive equipment makers all downgraded to an outright sell. kla down 6 percent, applied materials down nearly 5%. but kla tencor got a double downgrade from a buy to a sell, so we're looking at the intraday picture, very ugly. a two-day would be, certainly, even uglier at the moment. so let's get to the brand known for its robin's egg blue packaging. that packaging might be a shade greener today for the stock. tiffany is trading up 2% now, but look at the price here, this is what matters. it's at $126.02 after lvmh increased its bid for the jeweler to $16 billion or $130 a

share which is actually $10 higher than its previous offer which was pretty much outright rejected by the iconic jeweler. so we shall see if this comes to pass. lvmh down two-thirds of a percent. and a rack of retailers are on the run. lazy boy, bj's wholesale club and macy's all had earnings misses and their stocks missing the mark at the moment. macy's cut its annual profit forecast for the second time this year alone. that stock is down about 2%, but it did say it's positioned well for a strong holiday season. and service is restored after netflix, did you hear about this? experienced a worldwide outage. the streaming service was down for two full hours in parts of europe, asia and the u.s. sending viewers perhaps to the likes of hulu? disney plus? amazon prime video in as you see, netflix, of course, had this on their screen saying is

netflix down, we are here to tell you, yes, it was, but it is now apparently back up. it's a massive td takeover by charles schwab that really has the street buzzing till hours after the announcement -- still hours after the announcement. fox business' maria bartiromo reporting this morning that schwab will take over its smaller rival, the d td ameritr, it'll be a $26 billion deal that would create a new company with combined assets of more than $5 trillion. current charles schwab see quo and president walter bettinger set to be the ceo of the new company. both stocks of each of these companies shooting higher, but it's really td ameritrade, up 19.75% to $49.54. that's getting a lion's share of the gains here. schwab is also leading though, it is up about 7.5%. you may remember it was first out there of the discount brokers to cut trading commissions to zero. so, which came first, that or

talk of the deal? i don't know, we'll find out soon. the move is taking a toll though on e-trade as some speculate the combo of its rivals could punish e-trade's business or even force a sale of its own. we are down eight and two-thirds percent for e-trade. let's get to charlie gasparino who has long been predicting that e-trade would be in play. charlie? >> well, we should just point out that all roads in terms of e-trade, at least for now, what bankers are telling the fox business network, i do not have -- i'm not reporting, here's what i'm hearing from investment banking sources that inside goldman sachs there is talk about potential mergers or acquisitions in the next year or couple years on two of the names that are coming up that at least are being spoken about with senior executives inside goldman. one is u.s. bank corp., clearly to get more into the retail banking space. they do, as you know, are this marcus brand that's involved in retail banking.

that's a new thing for goldman sachs. the second name that comes up, ironically, on the day where you have this potential schwab/td news is e-trade, that there are people inside goldman talking about a potential tie-up with e-trade. now, if goldman does go out and do a deal with e-trade, it would be a purchase. goldman has got a roughly $70 billion market cap, e-trade's got roughly a $8-9 billion market cap, easy to see they would buy that. clearly, that would give them some of this retail space, the small space that they're starting to move in. this is the old wall street white shoe firm that dealt mainly with the super rich is now moving in that direction. this would be a clear move in that direction. u.s. bank corp. gives them that retail presence or more of -- on more of a banking level. again, that would not be an acquisition, that would be some sort of merger where the two sides would have to fight for control. so those are the two names that are popping, coming out of

goldman from sources that are close to the people inside goldman that's being bandied about by the senior executives there. we do not have there's official merger discussions, matter of fact, goldman had no comment. but clearly, these are the names that are in the mix. and the e-trade thing is interesting, that's david solomon, took over for lloyd blankfein, who has made this movement to retail. what's interesting, obviously, is there needs to be some sort of consolidation in this online discount brokerage space. people don't trade as many stocks as they used to. it's just as easy to buy an index fund, and you can do it over the phone. that's what makes a con -- consolidation in this industry more appealing, and clearly e-trade is one name that keeps coming up. and the name that comes up is goldman because people inside goldman are talking about it. and they're also talking about u.s. bank corp.. whether these deals happen or not, i can't tell you.

hope i can break it if they do. liz, back to you. liz: well, there aren't too many out there, because scottrade was bought by td ameritrade, so there's not many leavitt, right, charlie? >> no. and there's -- yeah, there's not a lot out there. and, you know, the thing is this business is matured in a major way. now, it may come back in some way, but it has matured. we should point out that e-trade, the last i looked, was off our lows based on our reporting on this. so it got a little bit of a pop -- liz: still down about 8.7 p president. -- 8.7%. >> but still, what i keep hearing and this is from people that are close to people, my banking sources who are close to people inside goldman, is that the name e-trade, that they do talk about this as a potential acquisition in the next year or couple years, and u.s. bank corp. is the other one, so there you go. and, you know, as goldman goes

into retail and, obviously, its trading business is not doing as well as it used to be. liz: charlie, thank you very much. for those of us who remember ameitrade commercials? all right. have we just seen the last two nails put into the december rate cut coffin? two pieces of data have done it at least for now. first, the philly fed index, this is a regional read on manufacturing in the mid-atlantic region, increased five points this month to a seasonally-adjusted reading of 10.4. now, the number a month ago in october was a mere 5.6. this time around economists expected a 7 reading, so so it is way better than expected x. then flip it over, we saw u.s. existing home sales jumping 4.6% in october from the previous year, marking the fourth straight month of the year-over-year gains. the fed could take credit for these as rate cut effects are making their way into the

economy. three rate cuts. all right. so right now here's what we're looking at, markets are expecting and pricing in 0% chance of a rate cut next month. forget it. looking further out though, it takes us to all the way out in july of 2020 before the markets are even thinking about a rate cut. what could be the a catalyst for a rate cut closer to what we see right now? to the floor show. sarge, what do you think? and, i mean, it's not manager good, that's the issue. i'm not sure we want to see. >> no, no, we don't -- i think the only catalyst for a rate cut right now would be a collapsing of the long end of the yield curve. and you can't really credit the fed, although i don't disagree with what they're doing, but you cannot credit the fed for a pop in housing market because the 30-year pays more than it did four months ago. mortgage rates have actually gone higher. i think you have to credit the president's fiscal policy, you have to credit lower corporate

taxes for the increase in employment, credit lower income taxes federally anyway for the increase in savingsing. americans are saving a higher percentage of their income than they have in 10, 12 years. so i think this is where this comes from. what are we, about a year and a half post-tax cut? some people are starting to realize that? took some people some time to get some ground under their feet. liz: yeah. >> i think that's what it is. liz: well, you know, and i agree with you. some of the president's policies absolutely have lit a fire under so many regions of business. but, larry, you know, what about the federal reserve cutting three times? granted, they had to kind of be bashed over the head -- hello, you gotta do this -- >> yeah. liz: maybe that also takes time to work its way through the system. >> no, it definitely does. and i think they've taking a chapter out of the book from from the 1990s when they would cut 75 basis points and wait and see. right now that's the least path of resistance for the fed, but i'm of the mind that, you know,

the catalyst for cutting rates, i do believe it's better than a 50/50 chance they will cut before july, is the subtle economic damage done by the trade war combined with the fact that it's really hard for the fed or anybody to achieve a 2% inflation rate on a consistent basis when you consider inventory levels, capital expenditures, real estate, etc. i do think there's a better than 50/50 chance to be preemptive. it's just hard because you're so close to the zero balance, it's not as effective as if they were raising rates. that that's the issue. liz: phil, the minutes from the most recent meeting have just come out, and that's precisely what we saw. there was this concern that the trade war might be protracted. we're already in month 16 and a half, could stretch to 17. there have been trade headlines, as you know. what do you think? and let's also spin it to where do you put your money at a point like this where we don't know? >> yeah. i think the thing is that that you have to expect that something's going to get done

because that's all the science. but that is, on the other hand, the risk, right in and that's what the market's reacting to, headline versus headline. but there are more and more signs that's going to get done, so i would not play that they're not going to get the trade war done or at least the first phase of it done at any time. you know, i think if you look at the big picture on the whole economy and the manufacturing number, for example, you bring that into play, it really shows you that some of the weakness that we previously had seen in the manufacturing sector may have been a one-off. and i think we're seeing that in a lot of places not only here in the united states, but in china, for example. some of their manufacturing data's actually getting a little stronger. so maybe that big slowdown was based on fear of the trade war. liz: good to see you, guys, sarge, larry, phil. we'll see you next time. up next, silicon valley unicorn with a need for speed. that's called a pegasus, and we have got a company that has just raised hundreds of millions of

dollars. we're coming right back. you've got to hear what they do. ♪ for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th. ( ♪ ) ( ♪ ) introducing the marilyn monroe collection of fine jewellery. exclusively at zales, the "diamonds are a girl's best friend" store.

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♪ ♪ liz: we're just getting this breaking news, it's going to be another record holiday season. this according to fedex. the shipping giant has just come out and said it expects record volume on cyber monday. they expect more than 33 million packages to work their way through the company's network that day alone. the stock is flat as a pancake right now. i'm also looking at ups, it is up just a fraction at the moment, but they are probably going to make some serious coin this holiday season. all right, lately it's become the kiss of investment death for a business to be labeled a unicorn because the influx of so-called unicorns, meaning start-ups worth a

billion dollars or more, with inflated valuations and no road map to profitability has poisoned the moniker. but we've got a small business that overnight has become a pegasus. that's a uniform that can fly because it's bringing in more money than it's spending. it has quietly become one of the world's fastest growing tech companies. it's got names like uber, 3m, airbus, see men's and sis owe clamoring to do business with it. and saloni or s has just raised approximately $290 million in series c funding. that values the company at $2.5 billion. here in a fox business exclusive is the founder and ceo of celonis, alex rink. man, congratulations. >> thank you, liz. thank you for having me on the show. liz: oh, it's our pleasure. >> thank you. liz: what are you going to do with this money? [laughter] >> look, we are going the keep

doing what we are good at, and that means aggressively expanding into markets. you know, we have a huge opportunity to grab white space and here in the united states and around the world, so we're going to invest in sales and marketing, we're going to make our product better so our customers get even more value, get it faster, and the most important thing, continue with the rock star team that takes care of our customers. liz: and now that we've gotten the attention of our viewers, tell us exactly what you do for all of these major, top shelf names. >> as you said, we're one of the fastest growing companies in business software, and, you know, what we do is if you're a business and you have an i.t. system, what we do is we can sit on top of it, and we can help you get better. so we have, you know, have you make shipments on time, we help you make better customer service and get back to your customers faster. we make sure you get paid faster. so we really optimize businesses. liz: you know, yesterday we had a company that helps online sales companies, you know, where they're selling apparel, selling

goods, how they help them get their web site up to speed. that's not what you do. you are doing something much deeper, correct? >> yes, exactly. we take the most important processes like finance, like supply chain, like customer service, we sit on top of them, we optimize and then we have to make improvements so that they run better. liz: give me a real-life example of where you came in and did something for a company. >> so one example, lufthansa. they're one of the biggest airlines in the world. and when you fly somewhere, you want to make sure you get in on time. so rough tan a saw looked at their business for slow a.n.s.w.e.r., and this year they're going -- slowness, and this year they're going to get 8 million passengers more to their locations on time because of the work that we're doing with them. liz: well, what specifically did you do? >> right. to get a plane out on time, you need to do a lot of things right. it's the maintenance, it's the baggage processes, logistics, all that. we sit on top of all these

processes, we analyze the friction, we help them get rid of their inefficiency so the plane takes off on time. liz: i just want to show people it isn't really overnight, we were joking about that. your first series you raised about $27.5 million, then your series b where you kind of have proven yourself a little bit, you got $50 million. and now today it's $290 million. can i just quickly ask you how you've avoided the pitfalls of other unicorns like, for example, we item work where they spent the money on a private jet or other companies that have too many parties, and they're not doing the right thing with the money. >> yes. we started the business eight and a half years ago, and we took it out of our bank accounts with $15,000 in all of our bank accounts, the three founders. we took that money and put it into the business. actually, for the first five years we were entirely boot strapped. you know, we had our

customers -- we help our customers to become operationally excellent. so you bet we take a look at our business as well. liz: i'm loving this company, this is a great story. the company's called celonis. alex, good luck you and your team. come back when you ipo. [laughter] >> i, for sure, will. liz: jobs of the future, with the closing bell ringing in 37 minutes and the dow down 21 points, we're hanging with some people live who are training for high paying jobs that will, for sure, be in demand over the next decade. we were just talking about lufthansa? what about the planes that need the maintenance? grady trimble is live at the duluth international airport with those jobs and what it takes to train for them when "the claman countdown" comes right back. ♪ ♪ [grunting]

keep going, keep going. [maniacal laughter]

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: many of you, like me, have a chd who's getting ready to head off to college. oh, god. and if you talk to your kids about potential career choices, there's a pretty unique and lucrative option out there that might not be that sort of path of least resistance, right? college, office job. the average salary of an aircraft mechanic is nearly 25% higher than the average salary in the entire united states. as you can see, making more than $65,000 a year for aircraft mechanics while the rest of u.s. workers average out at $51, 900. to duluth, mbt, because we said, well, let's show what it takes to become one of these, and grady trimble is there. grady, let's talk about what it takes and what the demand look like right now. >> reporter: well, liz, the demand is huge right now. you mentioned that 65,000, it's actually, it could grow into the six figures if you stay with the company and grow with the

company long enough. i want to show you this hangar because it is a massive hangar. there are four huge commercial airplanes in here right now x they're going through routine maintenance that takes place every 2-6 years where they have to basically take apart the entire airplane, fix some things up, check the engines, make sure they're running smoothly and then put it all back together. so ryan is with aar, this company that does this maintenance, and, ryan, there is a huge demand for this job right now. i mean, there are 300 openings at your company alone. >> that's correct. 300 openings, 100 -- boeing predicts 193,000 over the next 23 years -- or 20 years in north america alone. huge demand. >> reporter: so we're in duluth, and right around the road from here is lake superior college's hangar. they're training the future mechanics to work on these aircraft. that program, you don't necessarily even need to graduate with a degree, either an associate's or a four-year degree, you can actually get certified with the faa, get your

certification for $16,000, and your company will cover a huge chunk of that. >> that's right. lake superior college is an eagle pathway partner school. we partnered with them last year, and we pay, as a part of that program, $15,000 on past tuition. so their entire program can be paid for if they choose to work for aar. >> reporter: and essentially, liz, they teach them not only in the classroom, but all of these hands-on skills. actually, these two guys down here graduated with that program at lake superior college, then came here and got a job. so as there's a lot of partisan politics going on, one thing that both sides seem to agree on is that we need more people learning technical skills going to east trade schools -- either trade schools or other types of college programs that you can get an accelerated path to a good paying job like this and maybe move up the chain, you know, and have a great career with a company like this one. liz: okay. you know what?

can i just quickly ask you, can you tell them to fix the outlets for our chargers underneath our seats? because they're always loose. my charger -- >> reporter: i'll try to get you more leg room too, liz. [laughter] liz: yeah. i need that too. grady, thank you very much. grady trimble. let us get you this breaking news. we immediate to look at coty stock. is set to kick off its auction for its professional portfolio of professional beauty brands. this is expected to happen in december, and according to sources, unilever and colgate palmolive are all looking to bid for coty's portfolio, could be worth with up to $7 billion. and buyout funds, of course, advent, blackstone, kkr, cvc capital barter ins and bc partners also expected to bid. at the moment unilever is down just about 1%. we're not sure if unilever is the one, but we're looking at

coty rebounding on reports of the sale of its beauty brands. and again this does not, as we understand it, the kylie jenner makeup brand that coty has just put in $600 million for. all right, closing bell ringing in 30 minutes. dow jones industrials still down about 24 hoinlt points. -- 24 points. up next, the performing arts are being put front and center at the white house for medals of honor. stay tuned, we're coming right back. ♪ ♪ ♪ ♪ ♪ ♪

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♪ ♪ liz: you're looking at a live picture of the east room at the white house. we want to peek in for you. president trump is about to award the national medal of arts and national humanities medals to, actually, the musicians of the united states military, and there are going to be a whole host of other winners of this award. allison krause, author james patterson, many other names. [applause] the arts being held up as ap example of american ingenuity and ec expertise. all right. if anything else comes about from there, we be will wring it -- we will bring it to you. another entrant in the crowd angling to be in that white house by 2020, president's job next year. here in my hand is a copy of the billionaire michael bloomberg's filing with the federal election

committee to run for president as a democrat. this was filed this afternoon. this brings bloomberg one ten closer to becoming an official entry, albeit a late one, to an already very crowded field of candidates who last night faced off in atlanta at the fifth democratic debate. among the topics that were discussed that matter to our business viewers, health care, wealth and taxes. atlanta is, of course, as you know, home to america's who's who of businesses from coca-cola, home depot, delta, all are headquartered there, so it was quite the stage to discuss business and money. jason trenner is chairman and ceo of strategis. good to see you. >> good to be here. liz: all right. bloomberg has not official hi said he would be a candidate, he officially file as you guys can see in my hand, but it looks more than likely. the day he does, what would

investor and wall street reaction be in. >> well, i think it would certainly limit some of the range of outcomes that one could see from the market point of view. i think it would be very good for the stock market. if he were to actually get the nomination, in my opinion, we could debate whether it's good for the country or not whoever wins, but for the market it's unadulterated plus because it takes some of the very, i think, very extreme views about taxes, about wealth, about health care off the table. you'd have a more establishment candidate versus another candidate, president trump, who has been very good for the stock market. there's no, you know, no quibbling about that. liz: right. and certainly much of the economy. we have a very strong economy since president trump has, of course, taken the helm. so let's talk a little about the aforementioned people you just said, the very sort of extreme views on wealth and taxes. this came up last night during the debate particularly between elizabeth warren, the senator from massachusetts, and cory booker, the senator from, of course, new jersey. and what i found interesting

here is that it appears there is a bit of a retreat away from the far-left eat the rich emotion. let's listen to what happened x then you can comment. >> i have proposed a two-cent wealth tax. that is a tax where everybody who has more than $50 billion in assets -- >> and i don't agree with the wealth tax the way that elizabeth warren puts it, but i agree that we need to raise the estate tax. we need to tax capital gains as ordinary income, real strategies that'll increase revenue. but here's the challenge. we as democrats need to fight for a just taxation system, and we also have to talk about how to grow wealth as well. liz: well, it just appears that he wasn't the only one to distance himself from the more extreme, again as i say, you know, eat the rich, tax the wealthy. and when you throw bloomberg into the mix, mayor bloomberg, michael bloomberg not only worked in the business world, he

ran very effectively the biggest city in america and much of the world, certainly. and on top of it, he's a self-made billionaire. but he's also a social liberal. so he understands as a centrist the emotions corey are booker just expressed -- cory booker just expressed. >> of course. and as someone who started my own business with my partners, i would -- i'm all for things that simplify the tax code. the tax code right now is three million words, okay? the bible, old testament, new testament's about 800,000 words, to give you some idea. the wealth tax would be an enormous expansion of the tax code. it would be extremely difficult to pull off, it would make it more opaque, and it would have the unintended consequence of being bad for capital formation. especially private companies, it would be very, very difficult to maintain a private company if you were taxed on the wealth that you had created but had not yet extracted from the company. liz: what are you hearing on certain topics that have become much discussed in these debates?

and, quite frankly, on the republican side too whether they're for or against, medicare for all and then you've got wall street and you've got main street clients who are figuring out how to make money through all of this, so you could look at health care, you could look at, you know, medical devices -- >> right. sure. well, i think one of the things that's good and bad i would say that most of our clients are institutional investors. about 70 percent think that donald trump will win next november. liz: 70. >> 7-0. that's good -- liz: [inaudible] >> even, you know, i would say most people would tend to think he would win. and again, if bloomberg were the candidate, i think wall street would view it as a can't lose situation from a market point of view. if it was one of the other candidates we talked about, it would be problematic. the only problem with that 70% is that it leaches you a lot of -- leaves you a lot of room to be disappointed at some point in the next year, and that could be a risk. in my opinion though, the thing to really -- what's really driving the markets right now is

really trade for the next 6-12 months. and in my view, we've started to move in that direction. the president is going to move forward with phase one of his trade deal which would lift global growth and put a bottom in global growth expectations. liz: you study this stuff, and you have noted that it's really the last three months -- >> that's right. liz: -- of the election year coming up to election day where the markets really start to move. >> right. if the market's up in the last three months before the election, the incumbent generally wins. and this is why i would be careful about making too many moves now with mayor bloomberg in here. i think there's 18 candidates on the democratic side versus donald trump. it's the too difficult, in my opinion, to really forecast this out now. but the last three months will tell you a lot of the tale as to what, who will likely win. and i think if it's donald trump, putting mayor bloomberg aside, if it's donald trump, i think it's very, very good for the cyclical areas in the market like industrials, like technology. may not be particularly good for

social media, but health care, in my opinion, the fact that elizabeth warren has really backed away from medicare for all has been a major change, major sea change for that sector. liz: jason, thank you very much. >> thank you. liz: and we're glad you started that business many years ago, i remember when you were an analyst on wall street, and you said i'm going out on my own, liz. >> that's right. liz: thank you so much. >> thank you. liz: the mind of musk is about to be opened up and revealed again just hours from now. with the closing bell ringing in 18 minutes, the dow has doubled its losses. we're down about 44 points right now. an all-electric semi truck was the last electric revelation from tesla ceo and billionaire genius elon musk. tonight musk will pull the curtain back on something he's teased for six years. coming up, we're going to tell you what to expect from the debut of the all electric pickup truck. and it's an american dream come

true, the original top shelf doughnuts described as soft clouds of brioche dough. it has just been named new york city's absolute best doughnut when an unbelievably cruel twist of fate hit. how did -- see, i did my research, i tried it -- how did he grab that ring back after a near death experience? i just dropped a brand new everyone talks to liz podcast. his sweet comeback story available on apple, google and foxnewspodcast.com. it's the american dream story. "the claman countdown" is coming right back. so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions.

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♪ ♪ liz: call it the art of the unveil. elon musk style. the electric vehicle guru driving fans wild in 2016 when he unleashed the model 3.

fast forward to 2017, and it was elon's teaser for an all-electric semi truck charging up some of the most well e known names in the business. in fact, the clean-powered big rig already has orders from pepsi, walmart, anheuser-busch and more even though none have been produced just yet. now tonight, just hours from now, elon musk is hoping to get some major pick-up from pickup truck lovers as he pulls the curtain back in l.a. in just over seven hours from now. not to be left in the dust, general motors is taking aim at tesla, racing its own ev pickup to the market. the chevy civil or rad doe parent today saying its electric pickup trucks will be on sale by the fall of 2021. we can look at both stocks here. general motors' shares down one and three-quarters, tesla has been moving up all day long, still up about three-quarters of a percent.

we should tell you that the low of the year was $177 when tesla was really going through some rocky times. we are now at $354.74. talk about driving people wild, after the bell's connell mcshane does it every time -- connell: oh, wow, that was pretty good. i wonder to how that pickup will do from tesla. we'll see. interesting. truck drivers want to go electric or not, i guess eventually they will. anyway, we have a good story coming up next hour after the bell that combines kind of sports, in this case baseball, small town lives across america and, of course, money. congresswoman christy houlihan will join us to talk about minor league baseball. see, major league baseball has this plan to get rid of a lot of minor league teams, and she, this congresswoman who's one of more than a hundred members of the house to sign a letter opposing that plan. it seems a lot of times to be the center of life in a small town, so these members of congress don't want to see them go away.

of course, major league baseball has economic reasons to want them to go away. we'll work through all of that. liz: you can't big foot the little guy -- connell: easier ways, right. liz: connell, thank you. victoria's secret is out. with the closing bell ringing in 12 minutes and the dow still languishing down about 48 points, the angel's wings giving parent company l brands stock a lift. remember, we were talking about this yesterday with charlie gasparino? well, now gerri willis is live on the floor of the new york stock exchange next to tell us why and when, when "the claman countdown" comes right back. ♪ one call to newday usa can save you $2,000 every year. and once you refinance, the savings are automatic. thanks to your va streamline refi benefit, at newday there's no income verification, no appraisal, and no out of pocket costs. activate your va benefit now.

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♪ ♪ liz: this all started yesterday with a tweet from charlie gasparino about l brands facing pressure from activist investors

to dump ceo and founder les we canner in. you can see the stock spiked a little in late trading yesterday, and today charlie has tweeted that sources confirm he has no steps to step down. he built this company from a $5,000 loan, so why is the stock popping right now? let's go to gerri willis live on the floor of the new york stock exchange. maybe because he's staying. >> reporter: this is an amazing story to me, okay? so they're talking about how great the holiday quarter will be. this is why the stock is up. they had a lousy earnings report. a slight miss on revenue but, hey, the folks at l brands say we're going to have terrific fourth quarter earningsing, better than expected. so we went to the press release, and the press release says we'll to come in at 240 compared to full-year guidance in the range of 230-260. so that sounds to me like pretty much in the middle of the range, and i'm not sure why this would be a big reason for the stock to be the opportunity nearly 10%,

but it is. of course, the other thing i want to mention about this earnings report which i know a lot of people have their eyes on, victoria's secret sales down, down, down 7%. not good news. look, the stock has been trading lower, it's been very weak, indeed, down 33% year to date. so this move today very important. and, of course, it's a great excuse to show that, you know, fabulous video of l brands. [laughter] liz, back to you. liz: i watch it every time. [laughter] i love the angels. >> reporter: there you go. you know they're looking over the company, right? liz: you and i, we could take them on. [laughter] okay. thanks, gerri. closing bell ringing in six minutes and the dow now doubling its losses, tripling its losses, i guess. we're now down 84 points. that's suspicious. we started down just 12 points. all right, with the markets having trouble finding a clear window for takeoff, today's countdown closer says he's got some stocks he believes will

send your portfolio into the stratosphere and stay there no matter what the weather's like below. many. ♪ ♪ ♪ (people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th. . .

♪ of the. connell: closing bell ringing in about two minutes. liz: we're looking 119 point trading range on the dow. that is relatively narrow. we've seen the dow suddenly dipped bit more. we're down 67 points. just choppy, nervous trading. calm your nerves here. we're joined by fairfax global markets ceo paul detreich. we were above 28,000. we're settling into comfort or uncomfortable zone. about 300 point below that on the dow. what stocks are you looking at that put us in the stratosphere no matter what is happening below? >> there is slowing in the economy. but i watch leading economic indicators. certain indicators like manufacturing are declining but

they only represent 12% of the u.s. economy. 70% of the u.s. economy is consumer spending, and i think, i agree with federal express's notice today, we are going to have one of the best christmas seasons ever. we've got full employment, wages are going up, wages are going up faster at the lower end of the scale. people will spend that but even in the consumer sector you have to be careful. liz: fox business is not publicly-traded stock. the stocks that you do like we would like to put up if we can, walmart, lowe's, visa, proctor & gamble. what about the breakup stocks? we're 20 seconds away from the closing bell? >> the breakout stocks are the ones that are going to do the best. i would stay away from consumer sector from the victoria secret, macy's, the mall, sort of stores. look at those that are doing

really well especially in e-commerce. amazon is going to do well too. [closing bell rings] i think walmart is the better buy. liz: paul detreich, fairfax global markets. thank you very much. the stocks are slightly down. that will do it for the "claman countdown." connell: one of those days trade uncertainty weighing on wall street. stocks across the board, all three major averages in negative territory. hong kong, the human rights bill made its way to president trump's desk. a deal that could fuel more doubt between president trump and trade. we'll talk about that. the dow settling lower by 55 points. in the red in a third day in a row. after all the up days this is the longest losing streak in three months. there you go. melissa: there you go. connell: i'm connell mcshane. melissa: i'm melissa francis. the s&p 500 ending in negative territory for the third day in a row. nasdaq also in the red. investors digesting another