we love everyone watching. keep that stuff coming on twitter. we always love your expertise, keith. we will see what the job number is tomorrow morning. meantime, the market is essentially unchanged. we are on pins and needles about this big jobs report in the morning. meanwhile, liz has big news in her hour. liz: we sure do. i would say it's been almost a 100-point swing for the dow which is in the red right now. closing arguments in elon musk's pedo guy trial could begin within hours. two final witnesses expected to take the stand and give testimony on day three of a british diver's defamation case against the tesla space x ceo. we will take you live to the federal courthouse in los angeles where it's all going down for the up to the minute details. meanwhile, the bulls are really trying to stage a late session charge ahead of tomorrow's november jobs report. the dow is flat as a pancake at the very moment. s&p up just one point. the nasdaq, down five.

this following positive trade remarks by president trump that came out just this afternoon. can the indices eke out a second straight day of gains? stay with us here. we also have this. billionaire mike bloomberg, about to take the stage in aurora, colorado. he's having a town hall on gun violence. former obama economic adviser and fund-raiser robert wolf is here to tell us if this strategy that he's rolling out can lead to the nomination. and tis the season. how subaru is sharing the love by tugging at your heartstrings as it sells cars, but also at the same time, gives back to all kinds of charities and communities. fox business is going to show you the commercial everyone's talking about. and talk about how corporations are exploring the season of generosity. it's a fox business exclusive with the ceo of subaru america. the trump trade war, general motors' shocking announcement and charlie breaks it on a

last-minute t-mobile/sprint deal freakout. we are less than an hour to the closing bell. stay with us. let's start "the claman countdown." liz: breaking news. the world's biggest ipo has just priced at the top of the range. saudi aramco has priced its shares at 32 reals. what is that? $8.53 a share. putting it on track to raise $25.6 billion. what does that mean? that means that you can now give the ipo a value of the company of $1.7 trillion for a market valuation, while it's short of the $2 trillion that was hoped for, there was all kinds of chatter that it would have been around $1.3 trillion so this is actually higher than that. goldman sachs, let's get to this one, is confident that nike can just do it. goldman upgrading the stock to a

buy, saying the sports gear company is on the cusp of sharp acceleration in earnings growth. it's pretty sharply accelerating right now in the stock, up 2% at the moment. circumstancesigna jewelers revenue beat. while that's moving up 6.5%, tiffany moving slightly lower, shine's off a bit as tiffany reported weak u.s. demand and hong kong disruptions. the jeweler which is set to be taken over by lvmh reported flat quarterly sales. making the retail knife list, express, which five below, those two reporting sales that are lower. wayfair down .75%. five below, where everything is $5 or below, up 4.25%. we also have express spiking dramatically, up 25%. you heard charles just a minute ago talking about restoration hardware. look at this.

it's hitting a record. after the furnishing retailer raised its forecast. this is just the intraday picture, up 11.9%. of course, this is the one that warren buffett just took a very big stake in. let's get to the retail lumps of coal. michael's and kroger both missed on earnings. those two stocks are down. kroger, down about 3%. michael's down 12.75%. etsy down about 3%. they got slapped by a morgan stanley downgrade. the online handicraft website cut to underweight on concerns of sales tax head winds that might offset free shipping benefits. i have bought stuff on etsy. i'm liking that stuff. this is a fox business alert. closing arguments may begin in just hours in the elon musk so-called pedo guy trial. of course, as you know, we have been covering this, the defamation case against the

tesla ceo brought against a british diver, vernon unsworth. in 2018, musk called him a quote, pedo guy in a tweet over an argument about how to best rescue the group of boys that got stranded in an underwater cave with their soccer coach. unsworth getting emotional in testimony late yesterday, saying he felt quote, disgusting being branded a pedophile. musk's lawyers insist that musk used pedo guy as just an insult, not as a statement of fact. this whole affair was sparked when unsworth described the mini sub that musk and spacex engineers rushed to send to the cave to help in the rescue as quote, a stunt and said musk could quote, stick the submarine where it hurts. to robert gray, who is live outside the federal courthouse in l.a. i know there are two witnesses right now who are expected to either take the stand or they are. tell us what's happening. reporter: yeah, they are, but vernon unsworth still on the

stand right now. they took a break but he's still going as we came to air, liz. he had his say this morning. he said he still thinks musk taking the tube as they call the mini sub they constructed was a p.r. stunt. now, he is being questioned by the defense attorneys. musk's attorneys, as we came to air this morning, they are basically trying to paint that, to quote the attorney, nothing that musk tweeted ever got in the way of honors or opportunity for unsworth to tell his side of the story. they did show a picture of unsworth standing beside theresa may, prime minister of great britain at that time, the uk, right outside ten downing street, and you know,also he got an award from one of the members of the royal family in thailand on behalf of the chamber of commerce. all of this happening after the tweets from elon musk. so trying to paint that picture, if you will, that it did not harm him, using unsworth's text, in fact, to show the diver told a friend that several camera

crews, he had told them to we will say go away on air, his language is a little more colorful than that, because they didn't offer him enough money. the line of questioning continuing along those lines, liz. of course, he's seeking at least $75,000 or more. yesterday, establishing musk's net worth at $20 billion although he did say he was a little bit light on cash, i believe is paraphrasing him there. but we are expecting unsworth's ex-wife and an internet expert this afternoon. we are expecting this may not go to the jury until tomorrow. the attorneys say it could be another day or two. back to you. liz: i will tell you, the stock is up 37% year to date, and it really isn't doing much today, down about .66%. i'm wondering how bad could this get for elon musk, who is at the center of it all? reporter: well, we have to wait and see if anything happens. we know he's sort of gotten more than a slap on the wrist, large fines from the fcc and from his tweets in the past when he was -- sent out the famous go

private tweet, but we have to wait and see. this seems to be much more of a personal matter but with elon, sort of one and the same. he uses his twitter account for both. we know that's a large part of the way he does his p.r. and marketing is through his twitter account. we have to wait and see what the judge has to say about that. we're not expecting him in court this afternoon. liz: all right. robert gray, keep us posted. by the way, we will break in if there are closing arguments. we will just keep you up to date on this. to the markets. the markets have just turned higher. they have been running up and down across the flat line here, after president trump told reporters during his meeting with the u.n. secretary council that something could happen regarding the next round of tariffs on chinese goods. you know those tariffs, we told you, are expected just around the corner on december 15th. trump added that talks with china are quote, moving along and they are having major discussions. so you guys know that this week, trade has been a huge catalyst for market direction, but without any firmer details that we've just gotten from the

president, the markets are having trouble breaking out in either direction. tomorrow could change all of that. trade could take a back seat to the november jobs report, due out at 8:30 a.m. eastern time. economists expect a gain of 180,000 jobs added last month, and we are less than a week away from the final federal reserve meeting and press conference of 2019. still looking at zero chance of a rate hike next week, but could the fed blurt out something that grates the markets? to our traders, who are about to tell you how they are preparing for any and all of it. sarge, jobs, fed, china, go. >> all right. now, with the fed next week, with the deadline for trade in about 10 or 11 days or so, there's going to be a lot of volatility. what i want folks at home to understand is on tuesday, we saw a big selloff. the high end of the range was below the low end of the range for monday and wednesday and today we are seeing a little more support. a lot of folks who aren't in the business might not realize but

when you have an island like that, that is a highly successful buy signal. now, you missed those prices. i missed a lot of those prices. you look at the chart and say i wish i bought it there, don't chase when the market runs like this. what you do is identify the stocks you wanted to buy and the prices you wanted to buy them out and sell a put with an expiration price at that price and you go out on expiration maybe a week, maybe two weeks. don't go too far because you probably have a good year going right now based on what the markets have done and you don't want to blow that in december. so you want to just drive a little revenue. if it comes into your price, great. you own them at a cheaper net basis. otherwise this is how you make money when you don't want to expose yourself. liz: well, that is the trick, is it not, phil? and yesterday, on "coast to coast" neil spoke with david rubenstein of the carlyle group who said look, i have no proprietary information but i think there will be a deal very soon. who knows, you know. this is a smart guy who is a

self-made billionaire. i'm wondering, do we get a pop or a sell on the final news? >> i think we get a pop. i'll tell you what, i'm not supposed to repeat rumors i hear on the floor, but we were hearing rumors don jr.'s plane is going to be landing in china any minute. come on, guys. give me a break. but there is kind of an optimism down on the trading floor that we are very close. and you know, the most information we've had out of president trump in the last 24 hours is something's going to happen. so we know something's going to happen and hopefully what that something is is going to be positive. liz: yeah. usmca, you make this point, is very very big. we have on our screen the usmca sensitive stocks. tyson foods, caterpillar, 3m, archer daniels. you get to step up here and we know also that opec, this is your realm, opec is having its meeting in vienna so we are looking at all kinds of news that swirls around this, including the fact that we do have relatively low oil prices

lately. >> yeah, well, there is still an oil glut in production and that's what the opec meeting is all about. the saudis are saying we want further production cuts and they have obviously this ipo coming out which hasn't priced that badly. i must say i'm a little surprised. it's good for everybody if this ipo goes off well and they all have to cut production if they want to keep their market share. otherwise, the saudis are going to just flood the market. i think they are going to get in line, not quite in the next week or so but you will see it in the next month or so that the rest of opec will try to hold back some of the production. liz: yeah. do you expect a lot of americans to be interested in buying some of the shares of saudi aramco at eight bucks and change? >> yeah. it doesn't matter whether they're interested or not. a lot of portfolio managers are going to have to include the biggest oil company in the world in their etfs or mutual funds or

in their portfolios, not right away, but they are going to have to, because it's one of the biggest companies, obviously the biggest in the world, and i think it's not a bad value when you consider it against something like, gee, wework, peloton, lyft, uber. liz: who haven't quite made it. >> may i ask luke a question? liz: very quickly. >> as an equity guy, etfs and the mutual funds, as they move into this saudi arabian stock, does that draw energy money out of exxon, out of chevron, out of british petroleum and royal dutch? >> yeah, well, great question but it's yes and no. depending on if they are cap weighted or certain percentage of their assets have to be equal weighted in the names but most definitely it will, by what percentage, it depends on the by-laws of the mutual fund in the etf. liz: gentlemen, thank you for speaking with us. with the closing bell ringing in

47 minutes, gm's shocking announcement. this is an interesting one. yes, we will be right back on the fact that just as general motors closed a plant, they are opening a new one. interesting. got to hear this. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready.

wean air force veteran made of doing what's right,. not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it - with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for.

usaa whether you're out or here on a wifi hotspot. xfinity mobile has more coverage to keep you connected to what matters most. that's because it's the only wireless network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. and now get $250 off when you buy a new samsung phone during xfinity mobile beyond black friday. plus, you can save up to $400 a year. click, call or visit a store today.

and my side super soft? with the sleep number 360 smart bed you can both adjust your comfort with your sleep number setting. so, can it help us fall asleep faster? yes, by gently warming your feet. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. and will it keep me in the holiday spirit? yes! with comfort and joy. so, you can really promise better sleep? not promise. prove. and now, save up to $500 on select sleep number 360 smart beds. only for a limited time. liz: nearly a year after general motors shuttered its lordstown, ohio plant, gm electrified the auto world with news that it will tag team with south korea's lg chem to build a $2.3 billion battery cell facility in the very same region. the new plant will be built near lordstown, ohio and will employ more than 1100 workers.

construction is set to begin the middle of next year. it's all part of gm's plan to introduce 20 new electric vehicles by 2023. jeff flock, live at a gm dealership where i would imagine the battery plant is huge news, but the 20 new electric vehicle models might be just as big a headline. reporter: do you see that sun setting over my shoulder there, liz, or on my shoulder? that's the sun setting on the gas-powered vehicles, i think. at least that's sort of what gm had to say today. mary barra said it about as clearly as i have ever heard her say, gm believes in the science of global warming and that is why they are embracing an electric future. i want to show you what these batteries look like. lot of times we talk about battery plants, we don't know what batteries look like. this is what they look like. they are a big pack, they go under the vehicle, in the case of the chevy volt ev, and as i said, mary barra says there is only going to be more regulation going forward on gas-powered cars despite this current administration, and because of

that, we need to embrace an electric future. listen to what she told stuart varney this morning. >> if you also look at what the different requirements are going to be, more and more technology will have to be put on internal combustion engines, making evs the right play so there's a whole host of reasons why we believe in an all electric future. reporter: now, the only question, of course, is how soon is that electric future getting here. if you look at sales, the chevy silverado pickup, big seller, 155,000 sold in q3, the chevy volt ev, their only electric, less than 5,000 sold. they sold more impalas, the sedan which is being phased out, than they sold of the volt ev. despite that, other auto makers are on board. i spoke with someone a couple weeks ago at the l.a. auto show. vw is also embracing this all electric future. here's how he put it to me. >> we do believe we can do more

for the environment and we do believe we can create cars more efficient. the other reason i think is this is some cool technology. people want access to cool technology. simple as that. reporter: cool technology. that, you can't beat. that, you can't argue with. you can argue about global warming and it just brings to mind to me, remember what bob lutz, a former gm executive, said about global warming? maybe you remember his line. global warming is a crock of sauce or something with an "s." very different message from gm at the very top today. liz: yeah. in fact, she said we believe in climate science. you hear this from a lot of car companies that say let's move forward with these. we will be watching it. we wish general motors good luck. it's good to know some of these employees that were laid off in lordstown might be employed by the new plant. reporter: may have a job. liz: jeff, thank you very much. jeff flock. goldman's yetti sighting. with the closing bell ringing in 40 minutes and the dow up 33

points, not the mythical yetti but the durable cooler company, popping after it was raised to a buy, target price increased to 37 bucks from $35. as we look at the stock and see where it is trading right now, we should tell you that yetti is up more than 100% this year. today it's at $32.04. up next, tis the season. the companies both big and small are going out of their way to give back to the communities they serve. have you seen some of subaru's heart-tugging share the love event ads? we are about to show you the tear jerker of the group and talk to the subaru of america ceo on the season of yes, corporate generosity. "the claman countdown" is coming right back. in your printer ready for another school year? what's "cyan" mean? honor roll.

(imitates whooshing, booming) the ink! dad! dad! i'm so hosed. yeah, you are. that can save youh tha lot of trips to the store. get ready for the dean's list. who's dean?

liz: capitol hill taking a break from impeachment madness to get into the holiday spirit. house speaker nancy pelosi lugging the capitol hill christmas tree last night. this as we now await the first family. president trump and first lady melania trump to light the national christmas tree. that happens in about two hours from now. the special event is a tradition that's nearly 100 years old. speaking of getting into the real holiday spirit, take a look at this. >> he's coming! >> here we go. [ cheering ] >> when you grant a child's wish, you change lives. >> i got this for you. >> you can choose make-a-wish to get $250 from subaru when you get a new subaru during our

share the love event. liz: over the last 11 years through the share the love event, subaru of america and its participating retailers have donated more than $145 million to charity with customers choosing between four national ones and more than 1,170 hometown charities. in its twelfth year, the japanese automaker is proving there's no limit to the amount of love we can all share. here in a fox business exclusive is the president and ceo of subaru america, tom -- i get a little -- >> how are you? liz: -- emotional. all right. you take it from here. this is amazing. the entire "countdown" crew, we were all watching this, we all started to cry, but that's just one of a multiple group of ads. tell us about what this plan is for the generosity of subaru. >> well, we came up with this idea about 12 years or so ago, as you mentioned, because we felt that our customers wanted to do more for their local communities and more for our world in general, and we figured

let's put in this $250 per car and see what happens, and see how we can evolve the program over time. every year, it continues to build more and more momentum. as you point out, there's four national charities, make-a-wish, meals on wheels, the national parks foundation and the aspca. at each retailer depending on their size has one or two charities they can select. the money goes back into the local communities as well. liz: the make-a-wish one is what we just showed. that gets all of us. the aspca one was also brilliant. i find these ads very touching but you know, at a time when corporations are somehow, you know, demonized by whether it's the political candidates or people just out there, this is really something i hope people are watching to see that at least you guys at subaru are taking this opportunity not just to make profits. >> we actually want to give back and make our local communities where we live and work and where our retailers live and work better places to live and better

places to be. and this amount of money we are giving back is making a huge impact and every year we are getting more and more momentum with it. i can't thank our retailers for embracing it, this year our retailers are contributing, each are contributing $50 a car. so the total going back with the four national charities or the local charity is actually $300. liz: wow. and you were expecting a big one. the economy is pretty darned good, is it not? >> we are hoping it's going to be. last year we generated about $27 million for the share the love program. this year we are hoping somewhere to be at least that much, or more. so for those people out there looking for a car in december, please come in, check out the subarus and make your donation. liz: you get to win on so many levels. we just had this gm news that they are going to open a battery plant, and i have to ask you, electric vehicles are such a hot topic. tell us where you guys stand in that evolution. >> right now, we have a hybrid in the cross trek.

we are watching the situation closely. as you know, the world is warming and car companies have to do a good job in making sure we protect our environment and making sure we preserve our world for the next generation. so just like all the other manufacturers, we are going to have to invest in electric vehicles throughout the product lineup but also, being one of the smaller manufacturers, we have to make sure that when that market tips, we are ready to go. right now, with gas prices being so low, the market hasn't tipped yet to electric vehicles. liz: tom, great to have you. i think what you guys are doing at subaru, you and the dealerships, is wonderful. we really appreciate you telling the story here exclusively on fox business. >> thank you, liz. good to be with you again. liz: any time. closing bell ringing in 31 minutes. we have a question for you. how many pairs of airpods does it take to equal the price of one iphone 11? all right. while you do the math, you can see apple is moving higher by $3.86 because citigroup analyst

has done his own calculations. in a note titled "why this christmas is different" he says he believes sales around the holiday of apple's airpods and apple watches will make a fabulous christmas quarter for the tech giant. better than the one one year ago. with the price target of 20% to $300, that's enough to juice the stock by 1.5%. up next, billionaire and 2020 democratic presidential candidate mike bloomberg has just begun this town hall event. you are looking at a live picture from aurora, colorado. he's just released his plan to deal with gun violence. just steps away from the site of the aurora movie theater massacre. we will bring you all the details of his gun safety plan when "the claman countdown" comes right back and talk about how it might match other candidates'.

step up, please. empty your pockets. looks like you're all set for that business trip. you've got your smartphone, laptop, your other smartphone... woman: is this all the devices you have? your tablet... seriously? smartwatch, your backup tablet, and... woman: anything else in your bag? ...whatever that is. (beeping) this isn't working. introducing samsung mobile workspace solutions. with the galaxy note10 with dex software, you can run your entire business on the one device that does it all. samsung business solutions.

hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare and they also cover your medicare deductibles and co-insurance. but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare plan, hospital stays, doctor office visits and medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. in

fact, in 2018, humana medicare advantage prescription drug plan members saved an estimated $7400, on average, on their prescription costs. most humana medicare advantage plans help you stay active and keep fit by including a silver sneakers fitness program at no extra cost. and, you may be able to save on dental and vision expenses, because coverage is now included with most humana medicare advantage plans. you get all this coverage for as low as a zero dollar monthly plan premium in many areas. and your doctor and hospital may already be a part of humana's large network. if you want the facts, call right now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you can save on your prescriptions and to get our free decision guide. licensed humana sales agents are standing by, so call

now. liz: we have breaking news. democratic presidential candidate mike bloomberg just said he will quote, do everything he can if he gets to washington to fight the evil of mass shootings. he's holding this town hall right now, it's a live picture in aurora, colorado, the site of the 2012 mass shooting inside a movie theater. 12 people were murdered. he just released his gun safety

policy agenda and it is now the embargo lifted, here's what we know, it includes stiffer background checks, making sure guns stay out of the hands of the wrong people, specifically illegal gun sales, and banning assault weapons along with other issues. this was exactly two months to go until the iowa caucus. we bring in fox news contributor robert wolf, former ceo and chairman of ubs america is joining us now. robert, let's talk about this, because the man standing behind bloomberg, if we can take the shot right now, is tom sullivan, a colorado state representative whose son was murdered in the aurora shootings and he has endorsed former mayor bloomberg for president. >> yeah. well, this is an issue that's close to me, as you know. you have been incredibly helpful. my wife works at sandy hook promise, a gun violence prevention organization that focuses on the schools. what mayor bloomberg has done is nothing short of incredible in

trying to move this forward. he started every town and he started moms to mend. those two areas that he started, started meaning funding, has done incredible work on smart gun reform. he's not there to take away the second amendment rights. he's talking about smart gun reform. the stuff he's mentioning today, actually the nra is supportive of background checks. i think it's like 92% including a majority of the nra. people are supportive of banning what i would say, you know, the extensive magazines and assault rifles but more importantly, people are also looking at the extreme risk protection order, where people who have their own issues aren't afforded guns. liz: you know, it's important to note that bloomberg says he's not interested in getting rid of the second amendment. he founded mayors against illegal guns. he wants to do what, as we have seen, a big percentage of

americans, including gun owners, have no problem with and that is really securing gun permits and making sure that we have tighter background checks. >> yeah. i think we have to change the narrative to smart gun reform. as opposed to it's about the guns. people that are talking about smart gun reform, there is no one, okay, who is happy what's going on in this country with respect to these mass shootings. or with respect what's happening in certain underserved areas with respect to guns. so people want guns off the street but those who want to hunt or those who feel it's important for protection, they should have their guns as well. liz: absolutely. absolutely. let's talk about other news here. liz warren, the senator from massachusetts who is running, has really come out swinging against mega-mergers. >> yeah. there's been an incredible amount of news and i know we will get to a few different topics but with elizabeth warren, you know, she's really going after what i would say mergers and acquisitions and the idea of how can you either

un-monopolize those companies who have become monopolies or ensure we don't have monopolies. she's really talking about antitrust here. what i would say is a lot of what she says make sense but we should not say it's about big business is bad. big business could be good if it's not negatively impacting the consumer, if it's not negatively impacting competition. those are the two bookends, making sure we live in a competitive society and making sure the consumer is not being taken advantage of. i would say the way she's putting it up front, it seems like all big business is bad. i also think retroactively going after acquisitions that happened, that's going to be probably a non-starter. liz: pete buttigieg, of course, we are looking at some big names who are endorsing him. austan goolsbee, the economist -- >> my partner. liz: yeah. reggie love. here we have mayor pete who is

getting some traction here and what prevents him from going even higher? >> so a couple things. one, i actually spoke to austan and reggie today. liz: what's behind their thoughts? >> we were both economic advisers for the president. a couple things. austan looks the whole idea of generational change. before mayor pete he was backing beto. i think that he can take a real role in helping mayor pete with the economic vision that he wants to communicate. i think reggie also can be a great surrogate, especially for the african-american and young voters. i think that being said, this is not, i know, the media is making this as an obama versus biden thing. it's not at all. there are plenty of obama folk backing biden, plenty that were backing kamala, cory booker, but these are two smart guys who feel like mayor pete has a great vision. liz: we are getting closer and closer to iowa. crazy season. 60 days to iowa. great to see you. >> thanks for having me on.

liz: roger wolf. closing bell, we are about 20 minutes away. the dow, up now 43 points giving us a little wiggle room for the bulls here. guess what? your daily dose of caffeine at starbucks, mcdonald's, dunkin could be headed higher in the new year. we are about to tell you the reasons behind the register straight ahead. and this week's everyone talks to liz podcast, you guys, look at this on your screen. robert, look up. this is a guy who runs a pizza chain and he does pizza acrobatics but more importantly, he did real acrobatics when he first got to this country. he is a kurd. yes, he's kurdish and came to this country speaking no english with no money, and today, he owns a pizza chain, seven different restaurants all in manhattan. you've got to hear how this pizza lover went from having nothing to making his own

american dream. download it anywhere you get your podcasts, fox news podcasts, apple podcasts, google and yes, alexa. we are on alexa as well. w stay tuned. what if numbers tell only half the story? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes.

it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity.

liz: your daily caffeine fix is at risk of getting a bit more expensive. the international coffee organization now saying that demand will buzz past production this year due to a smaller crop in brazil as well as weather challenges in certain parts of central america and asia, which could continue to impact prices for the next few weeks and i'm freaking out. because i have to have my coffee, right? yeah. okay. the floor crew agrees with me. the biggest names helping to fuel your morning java routine, though, only seeing green despite the bean bust. starbucks, the clear winner of the 2019 coffee wars, up 31%

year to date. followed by dunkin which is up 19% year to date. mcdonald's up 9.33%. china brewing up its own 2019 market buzz. the country's version of starbucks, luckin coffee, surging nearly 40% since its trading debut back in may. k-cup king, let's not forget them, keurig, dr. pepper, same company, also heating up in 2019, that up 15% year to date. although falling today about 2.5%. connell, where do you get your coffee? connell: i fly to shanghai and go to luckin. liz: you were there. is it different? connell: i did see a bunch of them but never went in. i had a keurig machine. i got rid of it. now i have one of those nespresso machines. you have those too? those are the best. awkwardly transitioning to tell you what's coming up at the top of the hour. all the closing numbers on wall street, when melissa joins me. we also have a sports story

again today. yesterday was the mets up for sale. today, it's college football. jacksonville university made a really interesting announcement, saying it's getting rid of its football team and the reason it's interesting is you almost wonder why more teams and sports universities don't do the same thing. we will talk to chris smith at forbes about this because when you think about it, almost all, let's just say most college football programs lose money. it's only the big ones that everybody hears about going to the bowl games, they are the only ones that make money. jacksonville getting rid of their team. we will talk about whether others will follow. liz: connell, thank you very much. all right. folks, we've got all green on the screen for the major indexes. can we hold it for another 14 minutes? "the claman countdown" coming right back. we have breaking news from charlie gasparino. stay with us. at liberty butchum- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need.

♪ liberty. liberty. liberty. liberty. ♪ there are things we would change about work. and there are things we wouldn't. ♪ when work is worth it. work is worth it. work can be closer to home... pay more... make us proud. careerbuilder. work can work. find your work at careerbuilder.com it's how we bring hope to our patients- like viola. her team treated her cancer and strengthened her spirit. so viola could focus on their future. cancer treatment centers of america. appointments available now.

cancer treatment centers of america. when it comes to using data, which is why xfinity mobile is a different kind of wireless network that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line, anytime. giving you more choice and control compared to other top wireless carriers. and now get $250 off when you buy a new samsung phone during xfinity mobile beyond black friday. plus, you can save up to $400 a year. click, call or visit a store today.

and my side super soft? with the sleep number 360 smart bed you can both adjust your comfort with your sleep number setting. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. and snoring? no problem ....and done. and will it keep me in the holiday spirit? yes! with comfort and joy. so, you can really promise better sleep? not promise. prove. and now, save up to $500 on select sleep number 360 smart beds. only for a limited time.

liz: breaking news. charlie gasparino tweeted this moments ago. scoop, soon to select adviser on massive fannie mae freddie mac list narrowed to a few banks. possibly pgt. the government signaled the decision after thanksgiving to oversee the massive ipo. you are here on this wall street firm that could get the nod. >> what we understand is this. the rubber is meeting the road on picking the financial adviser. why is this important? the financial adviser will essentially shepherd the ipo through. it's not really quite an ipo. it's the first offering they have had since they have come out of receivership which they are not out of yet. liz: protection -- >> conservatorshiconservatorshi. mark calabria wants to do a

massive restructuring to get them out from under government control. hiring the financial adviser is a huge step in that direction. we are told this thing is imminent. we should point out this. they have interviewed wall street firms over the last three weeks. they narrowed it down to a number of firms. those are the two names i heard, that it's definitely perello wineberg partners. there are others. the problem is they represent some of the shareholder lawsuits. they represent some of the loss to shareholders who have sued fannie and freddie to get out of -- liz: the stock is coming up off the floor here. again, it's a $2.53 stock for freddie mac. a two cent gain is pretty significant. >> this is a significant story, when they picked the firm. then you know that the rubber is meeting the road on the ipo. it is coming at some point, maybe a year from now. still, the wall street firm will get in there and start making it

happen. again, give you some timeline, i am told they have been interviewing wall street firms for about a month. what happens is the firms were asked to apply for this job. the firms sent in their applications through an rfp, then the government narrowed it down to a number of firms and they will have to pick a firm at some point. i keep hearing pjt partners, perello weinberg. one of the things i hear also is that the banks probably have a conflict here. jpmorgan just has too many conflicts. they have underwritten bonds, done different things with different players involved in this whole mess. they may not be an investment bank -- they may not be an adviser. mark calabria has said some of the big banks would essentially be conflicted out of this. liz: this could be a massive, massive -- >> we are not talking about like a $10 billion ipo.

or public offering. again, it's a semi-ipo. because they haven't been public since they have left government control. we are talking, according to the bankers i spoke with, $150 billion to $200 billion. it may be broken up. last time i looked at this, the biggest ipo or public offering i can remember is something in the neighborhood of $60 billion. this thing would be like layers on top of that. so we are talking about a big job. the company that gets the job, again, you know, usual names are boutique banks, generally. it's a very prestigious -- liz: big story. >> it's a big story. liz: and you are moving both of these names which are, of course, government sponsored -- >> we should point out -- liz: mortgage giants. >> this is mark calabria's call. treasury is somewhat involved. steve mnuchin was on the hill today talking about the need to get these out of government control. one way to get it out of

government control is to do a public offering. liz: charlie gasparino. keep us posted. we are coming right back with gains on wall street for the moment. stay tuned. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g.

almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. . . [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: gang we hit the closing bell in three minutes. two straight winning sessions. dow jones up 17. nasdaq flat as a pancake t had been up 22 points but it also had been down 24. we've been hugging around the flat line. we're bringing in ubs wealth management senior portfolio manager allen rex. good to see you. thank you for being here. alan, give me the scoop what you're buying for your high net worth clients here. >> right. so everybody is concerned because they see the stock market approaching record highs but people are still very positive. in a low interest rate environment people are comfortable maintaining their equity positions. they are still in the equity markets.

liz: u burr saying actually it is the actual time, the amount of time investors spend in the markets, versus when they enter, when they get into the markets that is most important? >> look over long time periods, equity markets outperform most asset classes. aside from that, you see, you have pullbacks, you have news stories that affect the markets on short-term basis. long term they seem to recover with a backdrop of low interest rates we have now. with the backdrop of low unemployment we have now. there is no reason to think this won't continue going forward. liz: consumer discretionary, for people don't know what that is, you don't, talk about exactly what that is. >> stuff you want to buy. liz: you want to. not that you have to. re, fancy purse. >> that is part of it. connell: you think they're poised to do well? >> i think consumer discretionary, the big internet companies where advertising moved to the internet. people have jobs. people have money because they have jobs, they can buy stuff.

there are manufacturing questions that slowed down a little bit because has been a lot of production. the fact of the matter, people are very positive right now. even impeachment hasn't swayed people's thinking. connell: we had an october trade deficit that narrowed. that was announced today. in fact it was narrowing the most in 2 1/2 years. granted there were fewer imports and fewer exports. so it wasn't amazing news but we got the jobs report tomorrow. do you see any sign of deterioration anywhere, whether fundamentals or the economy? >> that is excellent question. i think there are certain structural things that we have to think about. we think sovereign governments think they can borrow money forever. it doesn't make a difference. we have to think about the fact interest rates are incredibly low around the world. they're negative in some places. we are to think about what the long term repercussions are. without the structural issues, if you look where we are right now, with low interest rates, with the idea that consumers are not only positive but are

productive because they're employed. those things factor in for a stock market that can go higher. liz: alan. thank you very much. >> great to be here. [closing bell rings] liz: markets holding on to gains second day in a row. three points for the s&p. three points for the nasdaq. melissa: volatile day on wall street. all three major averages appear to ending the day in the green after president trump voiced optimism about a possible deal between the world's two largest economies and investors brace for tomorrow's high-stakes jobs report. a major sign about the state of the economy. the dow, ending up 32 points, squeaking it out there. i'm melissa francis. hey, connell. connell: hello there, melissa. i'm connell mcshane. we welcome you to "after the bell." the s&p 500, nasdaq both green, not by a ton. up five by the s&p. four on the nasdaq. we have that. we'll talk more about big market movers of the day. first here is what is new at this hour. back fromdo