tv The Claman Countdown FOX Business November 26, 2019 3:00pm-4:01pm EST
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gamble, have a good day it's a very good year. don't think this is not for you, you are the stock market, you are the ones making this happen. liz claman, i know it'll be another starting hour starting with you. >> did you say hershey? basic chocolate in a s'mores i'm done. thank you charles so much. in all animal affair on wall street as markets hit record high, right now in the final hour of trade, the bulls trampling the bears as president trump pardons to turkey after the final prose of a very important trade deal with china. his optimism surrounding the verbiage final throes of a deal sparking real buying. the dow, s&p and nasdaq, any gain, and all three will hit record close, you have to stay with me because it's going to be another record day. meanwhile the president fellow business or billionaire, has
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registered for president, as a democrat in arizona is a light picture in phoenix where he is now meeting and greeting and shaking hands with the borders in arizona. he is going to drill down on how mike bloomberg's interest into the race could change the work on wealth rhetoric. and we are looking at homes for the holiday spring homes to buy, the ceo has done hundreds of billions of dollars in online transactions, he is here on a fox business exclusive on the pros of buying and selling your home online. plus is 2020 prediction for real estate. plus disney's record day in the one show that got them there, holiday travel headaches and charlie breaks it on wework workers with a different kind of holiday bonus. less than an hour to the closing bell, let's start "the claman
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countdown". ♪. liz: all right, breaking news from guacamole green for chipolte shareholders, the stock has hit session highs, $812 a share, a nice move of three in a quarter percent. here's what happened in the last few minutes, the change chair got heat on high as they updated the stock to outperform. this was minutes ago calling it the best idea for 2020 based on earnings and same-store sale upside from the mexican fast food chain digital business specifically online sales. nice move for cmg, dollar tree shares of green leaves retailing the profit for the year everything and dollar tree stores are a dollar or slightly more making it highly dependent on cheap imports from china. the stock is down 16 and a quarter percent.
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that hurts and it's down $18.27 to $94.11. we should look at the retailers doing better, after dick's sporting goods burlington stores hitting record highs, dick's up 17% in burlington by nine and three quarters percent. let's get scam, skippy peanut butter and hormel foods, and earnings but missed on sales due to lower prices on some products. that stock is still higher by three and half percent. the twitter burst claims share physics four teslas new electric vehicle pickup after elon musk tweeted out this clip of a cyber truck dragging a ford f150 pickup uphill. leaving the vice president afford to fire up a tweet challenge saying we want to do this properly, send us one of your cyber trucks and we will do the apples to apples test for you.
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elon musk's response was bring it on. he says we will do it. he does not have a problem with that. that will be a big, big deal. breaking news, a big dove right now developing in arizona, billionaire businessman michael bloomberg is on the ground in a key battleground state, that is arizona. we just showed you michael bloomberg, he was shaking hands and the cantina where he will also give a little speech. moments ago he filed, he filed the paperwork that is necessary to be on arizona march democratic primary ballot. he has arrived with some very deep pockets. this is what we know, $100 million in antitrust digital ads and $15 million to register approximately 500,000 new voters. as one of the wealthiest men in the world enters the presidential race with just ten weeks to go before primary
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voting begins. will 2020 shape up to be a bloodied battle of the billionaires on both sides of the aisle? the cohost of five is live in the studio with his take. before he even considers getting to face president trump, he has bloomberg versus the democratic field, how will he face up there? >> this is intriguing because you would think in the popular atmosphere on both the left and the right, billionaires unpopular, and you look at people like bernie sanders, the senator from vermont, elizabeth warren, they regularly attack billionaires, they need to tax the wealthy and have a wealth tax and they justify medicare for all. liz: do you think democratic voters respond to that message? i've heard more people say democrats are going to lose if they go that far left. rational people understand businesses not necessarily the enemy. certainly bloomberg has been a social liberal.
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that would speak to democrats but he's very smart with business, philanthropy and running new york city. >> even more than that you have to think about climate change, gun-control, the tremendous amount of money he successfully put into democrats struggling again in the midterms in 2018, 43 seats. a lot of that was michael bloomberg money. i take your point to heart but remember he is not fighting, this is so intriguing, he is not fighting sanders and worn who have come out and gone ballistic about buying the election, his target is joe biden. he is trying to replace joe biden in the lane that you're talking about. liz: let's talk about joe biden he plans an eight-day tour through iowa and i believe there will be 18 county stops on this tour. where has joe biden been, he does not come out as much as president trump did during the campaign, not going to compare hillary lynn, actually i should because she really came out and
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face the press. anywhere near as times as president trump did because this oveserver issue, almost joe bidn is not getting out is not as well. >> joe biden -- he has just put $4 million into ads in iowa, the ads are very intriguing because they suggest he is in a commander-in-chief, you see people from john f. kennedy, barack obama, addressing troops, making key decisions and he says he is that guy. he was running a national campaign and on the national polls he still is a leader but not nila and not new hampshire. i think now it's catching up in the suggestion if you do not do well in the early states you will see momentum and money which is a problem for him to pete buttigieg and elizabeth warren. liz: bloomberg will not win the far left on being a billionaire. he will not win on stop and frisk for example which the left did not like with his police
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ideas. the only real argument he has, he has been good on socially liberal issues and understands about taxing the wealthy and promising the far left that there will be more money for social programs such as that. does that help him with the far left? >> i think it does but what i noticed in the ads, he has two sets of ads running right now, the number one issue for him is job creation. he says he's a real billionaire. your three billionaires in the race, donald trump, the president, tom steyer who is also more o less than michael bloomberg. you have to look at michael bluebird and see he's able to appeal on gun control and climate change and able to say i have been backing these issues and even here in new york city, obesity, preschool for kids, all of this
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is michael bloomberg. it's an interesting thing because you don't hear about stop and frisk and the fact as elizabeth warren said he's trying to buy the election. >> let the voters decide, it'll be fascinating to watch. >> we are going to keep an eye on what's happening with michael bloomberg and if anything happens we will take you there. three billionaires now facing off in the upcoming presidential race. we want to figure out what the most popular stocks are good that are held by billionaires today. accordinthe top stocks billionae loving are, apple, intel, microsoft, j.p. morgan, procter & gamble, united technologies and visa. let's take a store floor show traders.
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money goes in and it goes out in the size of those but, aside from the seven that we named, what else are high net worth investors buying up right now and maybe what are they selling question my. >> happy thanksgiving. as you know on the floor we don't deal with individuals were dealing with larger institutions and hedge funds and mutual funds. what we do see, as you get toward the end of the year especially with a year that were having in the market up as much as it's up it's all about tax plays at this point. he might have a portfolio that you want to make sales but your gains are going to impact the return that you will get on that. what we have been seen in his investors are watching that in the overall portfolio and trained to manage thought and selling out on things that may be on a short-term basis there gains were not as much or some areas there was losses. i think to smart areas to put into, higher dividend stock is the easy safest play, going into next year not knowing how many different factors will turn out and from that point they're looking areas where the market has been lagging, some sectors,
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energy, maybe other areas that have performed as well and might get key prices there. liz: you think about billionaires and warren buffett for example, a billionaire, he loves apple and think of america, he does like some of these banks out there, it's interesting to see. what are you getting the sense of the high network individuals who many of the viewers are aspirational, they would like to mimic them. >> i think warren buffett likes hanging out with you more than anything else. [laughter] i think what really happens, what i'm hearing from them billionaire class, look at the names on the list, no surprises, we all know these names, why isn't everybody following their lead because these are well-known names, highly capitalized, what it reflects is a billionaires that are investing in the stocks have a bigger belief in the overall stock market. there buying the biggest names in the stocks as they look for money to put in.
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i'm getting a sense from the billionaires that i'm reading about and hearing about that they're getting frustrated that there is a more stock for them to invest in in the amount of stock that are available are a lot less than they used to be. were seeing a lot of billionaires looking a private equity, different type of opportunity that you don't normally see everyday. liz: yes, that brings up david swenson of the yale endowment fund who said i don't going to basic stock, i try to do much more sophisticated place which average investor may not be able to partake in. when you say billionaire saint i love visa and apple, that's an interesting play, is it not? >> no doubt about it. i've seen a lot of people, i'm not in his class but i'm seeing high net worth people shipped over towards energy and southern companies and also a defensive play like walmart. if the economy starts to
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downturn a little bit, that's a go to for the lower and people looking for bargains, i'm hearing a lot of high net worth individuals accumulate shares in both of those stocks. >> my dad was a dr. and they said they were bad investors and my dad used to say kodak, kodak put you through college, where's kodak today. [laughter] if i don't see you happy thanksgiving. disney going intergalactic at this hour, the closing bell ringing and 47 minutes. checking at the very top of the dow, a moonshot for the mouse house, disney on pace for a new all-time record close driven by this, the disney+ streaming service adding 1 million subscribers per day according to research firm thanks in large part to a star wars spinoff amanda lorien has surpassed
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netflix "stranger things" as the most watched streaming show ever. already at three to 9% year to date they have another 2%. up next, home for the holidays, the old adage, the spring is the best time to buy home maybe thrown out the window the shepherd we have the companies disrupting a real estate market by helping you buy a home site unseen in the ceo is on fox business exclusive, if i see a decent time to buy and sell without even leaving your laptop. wait till you see how the stock is shot up into the green, the claiman"the claman countdown" cg right back. ♪ imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead
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liz: november has not been kind to crypto bitcoin 23% drop so far this month, but the digital currency on track for the worst monthly performance issue. bitcoin believers, who have used it to pay for everything from a beer to real estate, the first single-family home transaction happening bitcoin in 2017 in texas. whether use bitcoin or the greenback to use your home, redfin is a company working to get your business. the brokerage company represents 90 markets throughout the u.s. and canada allowing people to buy or sell your homes through the redfin combination online and off-line services. the stock is going gangbusters, it's up 39% year to date. we thought let's bring them in, joining is now on fox business exclusive. billionaire should be buying your stock. [laughter] is done really well.
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were barreling headfirst into the holidays when no one used to want to go house hunting, how have you guys change that? >> i think we just published data showing you can get a good deal over the holidays. the homes that did not sell in the summer are on sale at a discount and there's very low inventory so buyers are not going how much choices when there's a feeding frenzy next spring. we have data indicating that lets of people who are looking to get a deal are going to be able to do it now better than they will next spring. liz: inventory issue is very much a problem, there is a lack of it. especially in the 200 - 400,000-dollar sales for these homes. we got new numbers in the pretty darn decent. september was revised in october was not so great. september appears to have been very hot, what did you see on
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your website? >> it is the same so i think many people understand lowering interest rates increases home homebuyer demand. it also limits the number of homes going on the market. lots of people say instead of selling my place i will rent it out, i have a 30 mirror mortgage at an incredible rate and i'll never give it up. so we have seen low rates keeping inventory down and that's been the advantage of builders who are supplying the homes that no one else is willing to put on the market. >> 30 year fixed came in at 3.66% and is slightly higher than the lows we seem recently it is definitely below what we saw a year ago 4.94%. i want to talk about buying homes site unseen. i saw at statistic, for people who buy homes on a website before even going there and seeing the. >> about one in four buyers are making an offer on a home site
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where they may view it online but never toured it in person, this is data that is only been available for the past year or so and because so many people are seen homes online and able to visualize the home and new exciting ways were the virtual imagery and 3d scans that let you walk through the house and go up the stairs and as a result people are making bids without having seen homes, some of that is a byproduct of how competitive the market has been in and inventory declines many people feel pressure to put in a bid before they can get through the front door. it's a real change on how technology has affected the housing market. liz: i remember people said no one will buy diamonds online in years later people are doing it. give me your 2020 real estate predictions. what are we going to see. >> in 2020 rates are going to stay low. it's been very clear that the fed is going to keep rates low and low mortgage markets upright sudden and that will keep demand strong. we see a return of bidding wars declined about one and ten offers from one and for the year prior so the market is getting
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keyed up and mar markets will compete with each other, the affordability crisis that affected the coastal come to the middle of the country and you see it in texas were so many people have been going to look for low prices and now prices there have increased. that will become a more national issue. liz: you say more city streets will become car free. interesting. i just came from detroit where the target thomas vehicles and it's amazing what a shift. it is great to see a pre-happy holidays to you in the redfin team. redfin, the stock is up 39% year to date, 30% up year over year market capital $8.000000000. cdb stocks, they are coming off their highs with the closing will regain in 38 minutes the dow up 27 points, the food and drug administration sending warning letters to 15 companies for violation including marketing unapproved drugs,
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selling cdb as dietary supplements and other issues. no publicly traded cdd companies got the letter but they're all getting swept up in the tsunami that is tumbling them down at the moment. everybody from charlotte's web. we are watching all of this and more, up next to wework founder adam neumann holding on very tightly to his billion dollar parachute but the former employees make it more of the problems left behind in the startup new deal with softbank. charlie gasper rena running down to the exclusive tender, when "the claman countdown" comes right back. we are on track for three brand-new record closes. stay tuned to witness it.
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quarter of a% of the moment. the search engine giant got caught up in a web of accusations the firing of four employees who google says was dismissed due to violations that the data security policy. the tech giant accused the staffers of spying on their colleagues, leaking information on coworker schedule and calendars and projects to outside entities. that defendant laid out an internal memo uncovered by bloomberg, supporters say the so-called thanksgiving for, for people who were fired were targeted due to their involvement in worker protest against google's work with china, the u.s. military and the handling of harassment claims. those alleged that google has ramped up the antiunion tactics in recent weeks, google so far has not responded to the latest backlash but has confirmed the context of the internal memo issued on the firings. google's labor pains are not going to wait at least for the moment but wework is making moves, some pretty major ones
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that could help insulate its workers from the ipo exposure we saw a few weeks ago. charlie gasparino has exclusive details. reporter: we have to see, a lot of this is clouded in secrecy, wework is not commenting and were getting this from sources close to the company. we should point out saturday wework began the so-called tender offer, excuse me began the softbank to wework employees to take over the company. and this could last into next year. this is a long drawn out, get a process, there was some talk about reducing how much money adam neumann could sell into a stock, we understand and first reported last week, i can confirm again those terms have
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not changed despite the fact that people voting are getting rich by being able to sell a billion dollars of stock into the tender offer and become a billionaire after the company was almost went bankrupt before the softbank bailout. that has not changed. a deal is a deal, that's how we look at it. what we do understand there has been technical changes around the edges for tickly to wework employees. the options to sell into this, the strike price and the options were set high and apparently adam neumann convinced softbank to get those options at a lower strike price. theoretically the numbers, i don't have confirmed, the number went down to $4 a share, if they do the tinder offer in the private markets are selling below $4, you're in the money, saying that your strike prices are at $4 a share. that is where we are right now, this is a long complicated and controversial process adam neumann will be cashed out, the
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control is going to go to softbank which will control at the end of the process 80% of the company and will be running wework, the long-term goal i am told when all is said and done, the pay package is -- that to repay a loan so it's more like a billion is not anything to sneeze at but i'm just telling you, he holds a lot of other shares. the long-term goal, is to do an ipo when everybody catches on makes money. do what they cannot do a couple months ago that's in the company will be repaired, the balance sheet will be better in the stock given a free soda and candy, whatever the cause prices to go up. >> uber got rid of birthday balloons. >> it is interesting, there are people inside the company that think it's going to survive.
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they don't think it's going out of business. if you look at the bonds, the bonds are trading, i did not check today but the last i checked they were at 70 cents on the dollar, a very depressed level. it might've gone up to the positive headlines since tinder might have gone down. so there's a lot of people on the street that are betting on the device when it's trading at 70 cents on the dollar, people do not think they're going to pay back the bonds and usually they don't get paid back in bankruptcy. but inside the company i still hear optimistic about the future, a decent management and mr. marcello -- whatever his name is -- any event, people still think -- i miss marco, i
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missed his doctor evil impression in his trump impression. isn't that interesting. >> what have i done to deserve this. [laughter] >> it's funny. liz: good stuff. thank you very much. triple record, dow, s&p and nasdaq, any gain and that's what we see right here. decent gains for all of them were 28 minutes to go we are watching it unfold in front of you. up next protest over pay and working conditions not helping holiday travelers at chicago o'hare airport so we sent grady trimble there he is there to tell us what the caterers want and is that going to disrupt your trip home for the holiday. "the claman countdown" coming right back without story and more. i saw you eating poop earlier. hey! my focus is on the road,
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liz: mother nature is already creating holiday travel nightmares for millions of americans. we are looking at the radar and certain pockets we need to tell you about, snow is battering parts of the country, denver specifically has gotten 7 inches of snow, as much as a foot of snow is expected in minnesota area and you know where that is across nebraska, we discussed the latest cancellation numbers, 575 cancellations at airlines across the country and 560 of
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those flights were canceled today alone. to grady trimble at chicago o'hare airport where an unrelated to weather issue is also causing problems. >> protesters something you would not expect in the busiest travel day of the year, these are specifically subcontracted catering employees and the union tells us almost 60% of them make less than $15 an hour so they were protesting today here in airports across the country including jfk, charlotte and dallas and there were not any major disruptions that we hear or any other places as far as were aware, what they want is better pay and better healthcare coverage. >> we are the bread-and-butter of these companies, we are what make these companies go and work everyday. >> at least one of the airlines tells us that the protesters get
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their way you and i have to pay more for airline tickets. moving on, this is expected be a record travel season for the 12 day. around thanksgiving, almost 32 million people are expected to fly and airlines are offering more flights and seats to come up with that demand, 93000 more passengers each day traveling this holiday season. here at o'hare it is raining but there are not too many delays and no cancellations at all. you mentioned denver, they are getting walloped out there the last check 37 cancellations there alone. i want to give you a little bit of advice if you plan to travel, the data avoid would be the sunday after thanksgiving if you can that will be the busiest day with more than 3 million people traveling. thanksgiving day is the lightest day but who wants to travel on thanksgiving. liz: that will be me. i'm going to the iron bowl in
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alabama are burned. how does it look down south. let me know. >> i think you are okay and down there. liz: sounds good. go tigers. liz: closing bell ringing in 21 minutes. president trump is about to leave the white house to head for florida for a rally. he often stopped to talk to the media on the way out so what we will do is take you to the white house when he does. and you want to talk about the sweetest holiday comeback story ever, that guy is this week's everyone talks to liz podcast, i found this guy he makes whack label donuts like chocolate chai, ginger moose, milk jam and cream were like, tal find out wt
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he had to overcome in order to make what some are calling new york city's best donuts. the podcast is available where you get your podcast, apple, google, fox podcast news.prop. the new one is when you drop next week. i love for you to hear these inspirational stories pray the dow is up 38. green on the screen for the s&p and nasdaq. 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group -
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winter event. hurry in today. (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. liz: president trump is about to exit the white house in florida but here's what's interesting, he will be heading to florida for the very first time as a resident of the all-important battleground state. this as it may be congress will vote on the united states mexico canada trade agreement for the end of the year. the president is expected to talk to reporters at any moment so ahead of that blake is in position at the white house. reporter: the usmca finger-pointing and blame game continuing today.
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as we have been talking about for the last days and weeks, the white house has been trying to turn the pressure up against nancy pelosi to get the usmca to the house floor for a vote but pelosi responded with a statement saying if the u.s. trade representative robert lighthizer who needs to put on paper pretty we are within range of substantially improved agreement for mark is worker, now we need to see progress in writing from the trade representatives for final review. today top white house officials were back before the cameras criticizing posey for what they see as an action. the white house is arguing that pelosi is letting impeachment proceedings get in the way of important policy matters. >> i think the president is going about the applause the impeachment is an important one because she promised, she's not a woman of her word she promised they would have a vote on usmca by the end of october. were way past the end of october, this factor was impeachment we read the
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impeachment focus not going away anytime soon either as a house judiciary chairman gerri nadler announcing this afternoon and will hold the first impeachment hearing and that committee next wednesday. alive look at the white house, i can hear marine one going behind me and we expect the president to depart at any moment in a rally tonight, thanksgiving break, lots of travel and i'm jealous you're going to the iron bowl. liz: my cousin is a coach. reporter: really? liz: very cool. we have to have dockable talk when the cameras go off. >> anytime. i know nothing but i know let's go auburn. good to see let's go. the s&p is at a record, the nasdaq at a record, big tech longest-running gearing up for new round of quarterly result right after the closing bell, up
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next what will dell and hp had to say about the big deals going on behind the scenes as they open up the financial hard drive for all to see. were heading to the floor of the new york stock exchange for a deep dive on all things pc. that is next when "the claman countdown" comes right back ♪ ♪ [ applause ] thank you.
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liz: there wishing they could turn back time after the quarterly report, shares are famous for the 12:00 o'clock.and the number was shattering after the company cut sales tick backward in the third court. the company blames challenges in the watch sector and retail environment as currency headwinds for its rough time,
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lovato is getting hammered down 20% in the stock at $20.8. also showing cracks, trading down two-point to 5%, let's get to big tech taking center stage with three big earnings releases after the bow, let's go to gerri live on the new york stock exchange. reporter: i have to tell you all three companies i'm going to tell you that are trading lower, not a good sign. let's start with dell technology, if you can see down 3%, eps at a dollar 62. that's what we expect on revenue 23 billion plus change. this company is expected on cybersecurity and the billion dollars for that. we see they are up 10% year to date, let's talk about hp, a lot of talk about whether xerox was a mouse eating account, hp is much bigger, they are down today and we are expecting eps of 68
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cents a share. if 2.8 billion. finally the dell is the majority shareholder, that's what the expected revenue of 2.4 billion and the stock is down again ahead of the report is up 19% since our last report. we will have to wait and see but lots of trust sedation going in for these companies. back to you. liz: thank you very much. right now they are at session highs at this very moment. we just doubled game gains, werp 66 points, i gotta give optimism about the potential for phase one trade deal were in the throes of the final stages of signing that. let us hope and see. in the meantime thanksgiving we can is time for family and black friday fun with the closing bell ringing and nine minutes whether
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heading to upside down or a galaxy far far away o or breakig out the plastic for the super cells. our client down closers has one name that can stuff your stocking with extra cash a holiday rush, that and more coming up on "the claman countdown". do not go away. ♪ . . an official message from medicare.
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hey fred - it's medicare open enrollment. time to compare plans. we're fine with what we have. that's what the johnsons thought until they tried medicare's new plan finder. the johnsons?. we saved a lot on our prescription costs and got extra benefits. how 'bout it, fred. plans change every year. use the new plan finder at medicare.gov . comparing plans really pays. look how much we can save.
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or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. ♪. liz. okay, move your remote away. you have got to stay with us right now and watch for the next four minutes and 30 seconds because the dow, the s&p and the nasdaq are all heading for their second straight all-time record closes. by the way, for the dow jones industrials it will be the 100th all-time record close under president trump. what a number here as we watch lots of green on the screen for the russell 2000 and the transports at the moment. for this week we know one thing
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for sure there will be a lot of caught time spent with friends and family we hope for you. probably a lot of streaming and shopping. today's "countdown" closer says, cash in on that, right? he has stocks he says you can pick up before black friday to put yourself in prime position to profit. we bring in wealth management presidents steve dudash. >> hi, liz. liz: you were encapsulate in one particular name, the opportunity to capitalize on shopping, buying present and food. what's the name? >> so with we're looking at companies, especially this environment with uncertainty and elections and impeachment, recession all that kind of stuff, we want companies making money, have a clear path how they make more money in the future. they're in a sector, industrying continuing to grow, that will be used as a sector more moving forward. we're looking at a company like amazon. who, we've been riding this train for a long time, years and
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years but they make a lot of money now. it is used more every single day, every single year. more part of the market buying things using that company. they have a clear path how they keep their competitors out of their back pockets at least for the foreseeable future there is huge barrier of entry into the industry. they cornered the market now. when you look to at things to a portfolio, predictable if things get unpredictable i know we're at all-time highs for everything, which is wonderful, don't get me wrong, but you have to be careful. liz: you have to be careful. the price to earnings ratio is 79. that makes it expensive of the that an amazon thing i know. >> yes. liz: 2 1/2 minutes to go. touching session highs, up more than 70 points for the dow. we have a bunch of records we're watching. tell me names beyond brick-and-mortar where you can capitalize ex-amazon what happens on black friday? >> look at companies like
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disney. they're in the streaming industry. this is little play than what was in the past. now they will squeeze out some competitors. they will squeeze out companies like netflix that haven't made money in long time, with no peers or competition. now they have a ton of competition. again companies making money that can ride out the storm if things get bad, they can go into that to make money in other sectors. beat out the peers. they have other content. 15 million viewers, subscribers, way closer period of time, million a day. liz: correct. >> that is the type of growth projects to be a part of. avoid, like you mention old school brick and mortars, they have for a long time have a big problem. until they change the business model. hard to follow that industry. liz: 1 1/2 minutes before the closing bell rings. triple record for the dow, nasdaq and s&p. we ask this constantly over last
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couple years, how much higher can the markets go, steve? >> there is no reason to believe there is a major pullback coming in place. we have record low inflation. record low unemployment. you have, interest rates have never been like this in 500 years. the one risk out there, is the trade war. like you had just mentioned though. looks like phase one is probably getting done here soon. so take advantage of that, because that is the biggest unknown, the biggest weight holding back the market from more gains. we had huge returns. some of that is artificial with what took place last december. this economy, take out the trade war, is healthy as it has been in a long, long time. liz: okay. >> that translates into bigger returns for markets and businesses. ashley: also translates to five sessions in a row, folks of a stronger dollar. that tends to her bigger names. but for the moment. we see raining dollars at the moment. thank you, steve dudash. great to see you. here comes the closing bell.
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wall street making it rain. [closing bell rings] new records for the dow, the s&p and nasdaq. that is another 52-week high for the russell 2000, small and mid-caps. what a day. that bill do it for the claman countydown. connell: new highs for wall street. all three major averages ending in the green. new closing highs for the second day in a row on u.s. china trade optimism today. the 100th record close under president trump. ashley: i'm ashley webster in for connell mcshane. this is "after the bell." s&p 500 and nasdaq also closing in record territory. why not? by the way this is the s&p's 25th record of the year, nasdaq's 20th. you get the theme. more on
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