but keep in mind, we went down 2%, 3% in like three days last week. i think, you know, now's a good time to start taking some profits off the table. i think we will see -- jackie: i got to go. thank you. liz claman, we will send it over to you. liz: i was so interested listening to that, no, you don't have to go. jackie, thank you very much. we've got an agreement on a trade deal with mexico, canada and the house democrats. fox business reporting that the deal brokered by the u.s. trade representative is right now being passed around for review. will the markets buy it in this final hour of trade? with many question marks remaining about its ratification, are investors way more worried about a deal not with u.s. china mexico, but with china only? considering new tariffs on chinese goods are just seven days away. as impeachment hearings dominate the agenda in d.c., the 2020 campaign trail is still buzzing

over the entrance of billionaire businessman mike bloomberg. how will bloomberg carve a path to the democratic nomination when a strong u.s. economy tends to favor the incumbent? if anyone knows, it's bloomberg's former campaign manager. he has charted the path and he is here in a fox business exclusive. unicorns that aged out of this year's ipo market are causing a traffic jam as the new decade begins. what should wary investors scrutinize before committing any money to new listings in 2020? a former facebook giant and silicon valley insider is here exclusively to share his secrets of startup success. plus, elon musk's latest joy ride, jeff bezos's new legal attack on the pentagon, and charlie breaks it on the $26 billion merger that will neither die nor pass but why that could change today. less than an hour to the closing bell, let's start "the claman countdown."

liz: breaking news, we are moments away from the house judiciary committee resuming its second impeachment hearing as lawmakers are taking a short break. earlier the hearing featured presentations from democratic and republican investigators about president trump's dealing with ukraine. we will bring you any developments as they happen. let's get to stocks and the market and your money. pharma dominating merger monday. look at merck at the moment. it is flat but if you really look at the headline around it, it's spiking. merck is buying cancer drug developer arqule for $2.7 billion in cash. it's doing so to enhance its portfolio of blood cancer treatments. the same quest for lucrative cancer drugs has french drug maker sanofi buying synthorx in a cash deal worth $2.5 billion. synthorx is having probably the best day of its entire life, up

170% right now. sanofi moving lower by 1.5%. diplomat pharmacy has agreed to a $300 million buy-out offer from united health care at the rate of $4 a share. that's a 31% discount to diplomat's friday close. diplomat right now is down 32% and it is not at $4 a share at the moment, it's at $3.91. united health care group is down about half a percent. bankrupt power producer pg & e is off session highs but still up, double digits. 17% right now, after it reached a $13.5 billion settlement with california wildfire victims. that clears the way for it to eventually emerge from chapter 11 bankruptcy. remember at this time on friday, i said the twitterverse was begging for a sequel to the peloton commercial which was just pilloried after claims it was sexist? peloton shares have fallen 15%

from last tuesday through thursday over this ridiculous backlash about they thought she looked nervous and worried and anxious because her husband gave her a peloton. they said it was sexist. while there is no sequel just yet, the actress playing the peloton wife is now in a new ad selling gin for actor ryan reynolds' company. the ad ends with a voice saying you look great, by the way. yeah. she looks kind of relaxed and dazed in the middle. peloton, since the new ad aired, is actually up nearly 11% right now. it has had a pretty decent run after a very rocky couple of days. to the new nafta. the u.s. mexico canada trade agreement. we have a deal, so it seems. multiple sources on capitol hill are telling fox business they are being told there is a deal and that it could quote, come together within the next 24 hours. president trump moments ago saying he heard that the usmca is doing quote, very well.

one company with lots to gain and lots to lose, we thought we would put this up because we are always talking about is the trade deal happening or not. we picked out flextronices. it has operations in the u.s., mexico and canada. they also are in china, i believe. we are down about 2% at the moment but year to date it has not been a bad run at all. that global economic player with whom the u.s. has not yet arrived at a trade deal, so president trump recently joined apple ceo tim cook for a tour of flextronics facility in texas that is building one high end apple product, the mac pro. usmca-sensitive stocks on the session are down at the moment, sort of mixed at the moment. as we look at the dow jones industrials, we are down about 68 points. let's get to edward lawrence in washington, d.c. you have been breaking the news about the usmca deal and the state of play, i guess you could say. market doesn't believe it yet.

how done is this deal? reporter: you know, it seems as though the market may have baked in the usmca deal getting ratified and are more focused on the china deal. there's that december 15th deadline on adding 15% tariffs on the rest of what china imports into the u.s., but as you said, the president speaking today, talking moments ago actually at a roundtable about educational choice. he did say great strides have been made with unions and he hopes to get a vote on this shortly. the usmca congressional sources say that the language will be finalized if the next 24 hours. a democratic senior aide says they are studying the proposal, but no agreement to announce on their side. another congressional source saying democrats have not made a decision on if they like what they see. sources that we have or multiple sources saying we crossed the hurdle of mexico making an agreement with the u.s. for more enforcement on labor provisions, but we are waiting to see if the issues for the house speaker are resolved.

maria bartiromo said her sources are saying that there will be a vote on usmca as early as this week, and that usmca would likely be ratified by the end of the year. senator chuck grassley spoke to u.s. trade representative robert lighthizer today. he expects to have a formal briefing for his committee later this week on the changes, so right now, the ball is in the house speaker's court. liz: i'll tell you, it's every single minute of difference at the moment. thank you, edward, for keeping us posted here, to see this thing ratified finally would really be positive, i think, overall, even if the markets have it baked in. all right. while stocks are wading in a red tide pool, the markets are still near record highs, and that means in most cases stocks are pretty expensive right now. take a look at the s&p 500's current pe ratio. 20.5. let me explain what that means. the ten-year average is at 16.9. so we are well above that.

something has got to give, does it not? are stocks still the top dog even at these very lofty valuations? where should investors be looking if not in stocks to put their money? let's get to our traders on this monday. scott redler u g, you get to st. i don't know if stocks still look so good considering treasuries and the yields on them are still pretty weak. >> i think stocks always look good because over time the bull market does win. you did say as far as the p/e ratio, we just had three rate cuts, just had an awesome jobs numbers so it shows the economy is getting a bit better. maybe the market is looking forward, maybe it thinks earnings will be better next year, maybe a china trade deal will also help earnings. the p/e is always a little bit, it's opinion. the price action tells the tale. yesterday the bears had the chance to break the market down and we did hold in there. traders are looking at 3120 on the s&p cash. as long as we hold over that over the next week or so i think we make all-time highs, ready

for santa claus once again near year end. liz: todd, do they look too expensive for you? it becomes problematic for investors if they start throwing money that is just -- at stocks that are too expensive. >> i agree, liz. but i also agree that the stock market right now has been the place to be. those that are smart have a little bit of cash on hand, in case things turn around. if you're looking outside the stock market, i think you want to kind of take your eye away from where all the traffic is, lot of corporate bond action. that's a very crowded trade. likewise, so is equities. look at silver, gold's little brother. hasn't really been something that has gotten a lot of headline news. it recently touched $20, now it's back around $16.50. i think if things go south in the equity markets, gold will be your first trade but silver right now relative to gold is very cheap. it's a good place to keep an eye on and keep a watchful eye if you are looking for some kind of hedge or some place to park your money that's better than cash if things turn south. liz: i remember when silver was 14 bucks a couple years ago.

oh, is it going to go lower? it did not. phil flynn, what are the catalysts for an investor to jump in and buy when these valuations are 20.5 for the s&p, price to earnings ratio? >> i think you've got a historic change in the marketplace that we haven't seen over the last 10 years or 20 years or so. you have historic tax cuts, corporate tax cuts, which changes the landscape for a lot of these companies right now. you have historically low interest rates that don't look like they are going higher any time soon, and you have the possibility that we are going to get a u.s. china trade deal. that's going to bring a lot of jobs here back to the united states, change the landscape a little and allow these companies to be more profitable. and there are bargains in there. look at some of the stocks that we all hated, the energy stocks, there's some real value there after this opec production cut. you've got retail, brick and mortar that's surprising some, for some of these markets. you've got some gems in there

that are probably underpriced compared to the rest of the market. liz: gentlemen, thank you. redler, you run marathons, right? you run races all the time. >> ironman. liz: yeah. so this peloton insanity, right, the actress that's on the peloton and everybody is acting like it's horrible, the stock has done so well. guess what? do i look scared when i got my birthday peloton back in 2017? >> i actually, listen, i listened to see if there were more commercials out there to see why everyone was so upset. i thought the commercial was great. i don't want to make big remarks. i don't think it was sexist. it was a good marketing tool. the peloton is definitely geared toward a certain demographic. i love the fact that they came up with the gin commercial after to kind of make fun of it but also just move on. liz: look at the stock today. it's up nearly 7%. phil, do i look scared to you? >> not at all. in fact, after i saw that stock,

after i saw your picture i want to go buy this stock. it will probably be up another 3%, 4% tomorrow. why would america not want that after seeing you on that? i want that. liz: i love mine. gentlemen, thank you very much. see you next time. cloud clash. with the closing bell ringing in 48 minutes and the dow jones industrials still down about 69 points, amazon ceo jeff bezos fighting back after his company missed out on that $10 billion cloud computing contract with the pentagon. but it's his surprising take by one of the richest men in the world on the military industrial complex that has silicon valley tongues wagging. that is straight ahead. and if wall street ever had a super hero, it was this man. former federal reserve chairman paul volcker who fought valiantly in the 1980s to slay the evil villain known as skyrocketing inflation. even as he took incoming attacks from just about everyone who

hated the weapon that he used to fight it, has died. in 1980, inflation spiralled to 14.7%. what did that mean? consumer goods became painfully expensive. to fight it, volcker raised interest rates. you think today's 1.5% to 1.75% rate should be even lowered further? try 20%. yes, to the fury of both consumers and even ronald reagan, the president he served, volcker hiked rates to a record 20%. but eventually it worked. by 1986, inflation had dropped to 14% -- from 14% to less than 2% and the economy stabilized. in 2010, i had the honor of interviewing paul volcker at stanford university. the housing bubble had burst, the stock market collapsed and the country was in the throes of the great recession. forever the public servant whose integrity never wavered, nor his belief that one must do what's right for the country even if

it's unpopular, volcker told me he didn't care that big banks were upset about new regulations. he just didn't want americans brought down again by free-wheeling financials. while he stood, look at him, 6'7," he will forever be taller in our estimation for holding steady through the hurricane of crises and politics. paul volcker was 92 years old. we'll be right back. 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.

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liz: breaking news. the pentagon hosting a discussion right now on the battlegrounds of the future, including cyberspace and outer space. this event has just begun and there are major business implications here, and they

don't just swirl around money. at a national defense forum on saturday, amazon ceo jeff bezos, whose web services business has been on government contracts, issued a warning to companies who avoid doing business with the u.s. military. bezos saying quote, my view is that if big tech is turning its back on the department of defense, this country is in big trouble. amazon is very eager to land government contracts, so eager, in fact, that it's suing after the pentagon awarded a $10 billion cloud contract to rival microsoft. let's get to susan li, who is following this in a fox business newsroom. they have just begun this event at the pentagon, susan. susan: also, we had amazon federal claims court filing unsealed this morning but here it is, all 100 pages. heavily redacted as well. there's a lot of blacked-out parts. but basically, what amazon contends is that they lost this so-called jedi contract to microsoft because of bias coming from the top, from president donald j. trump.

let's bring up some of the quotes that we found in this complaint, in this filing, and they claim there were errors in judgment and these ayererrors w not merely the result of arbitrary and capricious decision making, they were the result of improper pressure from president donald j. trump who launched behind the scenes and public attacks to steer the contract away from aws to harm his perceived political enemy, jeffrey bezos. now, it goes on to say that basically they were trying to screw amazon in parentheses in this complaint. bezos owns amazon but he also owns "the washington post," which president trump has contended is fake news first of all, and has done some hit pieces against him and his administration. amazon is perplexed as to why they lost this contract to microsoft, given that they have over 45% market share, largest cloud computing company in the world, and they have a long-standing relationship with the department of defense. they have a $600 million contract with the cia, they work

with the air force, army, navy, trans-com, cia, as you see right there, and they felt that they were the stronger presence in this two-party bid. it's interesting that amazon isn't the only one filing a federal complaint. we had oracle and larry ellison unhappy with the doling out of this jedi contract process as well. they contend it shouldn't just be one company, it should be shared amongst companies and so amazon isn't alone in this. i guess when you have $10 billion, that's a lot of money for a lot of companies to bid for. liz? liz: amazon is down fractionally but oracle is up 1%. interesting to see that. susan, thank you very much. susan li. netflix strikes gold. did you hear about this? the closing bell ringing in 40 minutes. the streaming giant dominating the golden globe nominations, nabbing 16 and far outpacing all other entrants. netflix's divorce drama grabbed six of the nods and the irishman

got five including best director, but investors not really nominating netflix for best stock of the day. it's down about 1%. up next, could a bumper crop of unicorns make 2020 the year of the ipo? a backlog of big names from airbnb to casper mattresses to made well waiting in the wings. will they fly? up next, take it from someone who knows. you are about to meet tim campos. he spent years as chief investment officer of facebook. he's here in a fox business exclusive on his secrets to silicon valley startup success, including his latest smart calendar woven. "the claman countdown" will be right back.

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liz: to the rear view mirror. 2019 started as the sizzling hot ipo year with uber, lyft,

peloton, beyond meat but it's what happened after the big jump that's created investor angst over a bumper crop of upcoming ipos. a new report from reuters indicates a huge ipo backlog is stacking up after investors smelled so much rot among some of this year's ipos, many of which had very lofty valuations, that didn't exactly match their stock price but our next guest is a former c-suite star in the thick of startup nation in palo alto, california. he's one of the youngest people ever to be named chief information officer at facebook. he's now using the tools he applied there to help double workplace productivity with his new calendar app, woven. tim campos joins us live in a fox business exclusive. tim, you know what, what's it like in the valley right now? as all these ipos put their plans on ice due to investor pushback? >> you know, it's pretty busy right now. there's been a lot of investment in startups and companies are still focused on growth.

i think what's gone on in the public markets has been a reminder that companies, although they exist to achieve a mission, have to provide value along the way. so you know, the best indication of value is profit, and for some companies, there just hasn't been enough emphasis on that. that's really required some readjustment. liz: well, the wework collapse, it never got to come public, certainly did not help the situation. what i find interesting and odd is that the u.s. markets, though, are near or at record highs and so upcoming ipos can't say due to market conditions. maybe market sentiment, but the markets are incredibly strong. why did everybody pull out at the last minute? >> i think that when you look at some company valuations, expectations make their way into the valuation, and sometimes those expectations get too far in front of the company's ability to perform. that results in some of these disappointments or you have a

down financing or down round, i think it's really important for all ceos to manage those expectations effectively and right now, i think it's harder to do that in the private market, because you don't have the same discipline that you do in the public market on how you manage your investor relationships. i think that's maybe part of what's going on here. liz: i would imagine. we looked at beyond meat, for example, which is actually down over the past three months, but it had spiked 200% from its actual ipo price of $25. so that looks like a good one. peloton looks pretty good. it's up more than 30% since its start. when you look at estimated earnings, though, that becomes the problem. you have a brand new startup, and it's called the woven calendar. i have talked to a lot of people who are using this thing. it's kind of helping people and companies reimagine how they use their time through the use of artificial intelligence. how do you sort of attack the investor world to say look, we are not like some of these others that failed miserably?

>> well, first i will start with our mission. what are we trying to do. woven's mission is to help people spend time on what matters most. we think that's a really important mission for everyone. it's valuable. time is the most valuable asset we have. there are only 24 hours in a day. the only difference between me and mark zuckerberg when it comes to time is how we choose to spend our time. so we think this is a very valuable mission to be in. that's what we are focused on. in terms of translating that into investor value, the first thing is you have to create value for users and you have to grow. a lot of startups are very good at articulating their growth path and how they are going to be able to continue their growth, but that also has to turn into profit. we are building businesses here. so it was once said the key to being successful in business is figuring out how much revenue you are going to make and spend less. that's a lesson sometimes that's overlooked. liz: how are you going to pull me away from my microsoft

outlook calendar or my friend's google calendar? what's different about woven? >> we are not actually trying to take you away from microsoft or google. we are trying to complete the things the calendar doesn't do. we are teaching the calendar how you spend your time. our calendars don't understand the difference between lunch with a friend and an interview that you might be having with a candidate. that interview, you need to be prepared for. you need to know who this person is and what information might be relevant for you to ask them. it's not necessary for your friend. it's just a small example of how our calendars only solve a part of the problem. our calendars can't schedule themselves. woven events can. we are trying to complete the calendar and help it learn how to do the things it doesn't yet know how to do. liz: yes or no, is there an ipo in your future? >> i think absolutely. liz: tim, come back and join us again. thank you so much. >> thank you for having me. liz: facebook's former chief information officer, tim campos. all right. political parlor games. with the closing bell ringing in

31 minutes and the dow still down about 57 points, oufdz impeachment hearings, it is the biggest parlor game being played at this moment among the political class. is there a path to the democratic nomination for 2020 presidential candidate and billionaire businessman mike bloomberg? who better to ask than bloomberg's former campaign manager, bradley tusk? how he says bloomberg will grab voters' attention even in this strong so-called trump economy. he's here in a fox business exclusive when "the claman countdown" comes right back. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin.

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liz: we need to break in with this live picture of democratic presidential candidate bernie sanders. he's holding a town hall at the stewart community center in carson city, nevada. the vermont senator just bashed wall street which he usually does, specifically a slam on billionaire bankers. he basically said that they are crooks. he just said that a minute ago. but of course, you know, we wonder, is the underlying sort of message here a swat at billionaire rival mike bloomberg? who awaits his pitch to the voters as well? bloomberg's former campaign manager bradley tusk is here to game his old boss's chances of clinching the nomination and perhaps going all the way to the presidency. bradley has written a book called "the fixer, my adventures

saving startups from death by politics." you got the business, the politics. >> been an interesting career. liz: perfect for "the claman countdown." what is his path? this is what we all hear, oh, he could win the presidency but what's his path to the democratic nomination when people like bernie sanders have a very populist message that works with a very large percentage of potential democratic voters? >> sure. look, it's going to take defying conventional political wisdom for this to work. the first is traditionally, the thought is the early stage is dispositive, you have to compete in them. mike is not competing in iowa, new hampshire, north carolina or nevada. he's taking his first campaign to super tuesday, 14 states, no one's ever tried that before. we will see if it works. second, he's entering the campaign pretty late in the game. people have been running for over a year now. the conventional wisdom is you have to shake everyone's hand in new hampshire 14 times if you want their vote. but you know, we live in a world

with short attention spans these days. there is also an argument to say the last person to make a good case to the voters actually is the one they remember and like. so we will see. the voters ultimately say it's more important to have a really competitive candidate at the general election than an id idealogue. liz: we are looking at states that are very rich in delegates. obviously he would have a very good shot at new york and california. what about texas? >> yeah. he was there this past weekend, actually. liz: doing a discussion. >> asked him to come down. keep in mind, for texas, obviously, tough state for the democrats to win in a general election but for the primary, mike's politics in some ways are very much aligned with people in that state. very very pro-business. someone who has really proven he can run a city, he's a tough guy. i think places like texas, california, florida, new york, illinois, states that right now, the conventional candidates aren't going after at all, it's open and fertile ground. we are going after it hard.

hopefully that works. liz: is he really in it to win it? >> yeah. knowing mike bloomberg, you live here so obviously, you have a pretty good sense of the man, he doesn't do anything unless he thinks he can win it. he is one of those competitive people, one of the most disciplined, focused people i know. yeah, i understand pundits say he's trying to get cheaper air triem time to attack trump. he wants to win. liz: how does he do it in a good economy which often favors the incumbent? >> look, i would argue that's trump's strongest argument by far, the jobs report last week was very good. clearly that's going to help a lot. we will see where the economy is ten months from now. hopefully it's still pretty strong because that's good for all of us. what mike can show is he has a proven record as a jobs creator, as a businessman, as mayor, and as a philanthropist and the hope would be at least in the general election, you pick up all the democratic votes and independent votes and that's enough to put you over the top. liz: i have to bring up vladimir

putin. russia's leader. because everybody in all areas of defense and investigation and intelligence in the united states said they have perfect evidence that the russians infiltrated our elections and meddled with our elections. they will probably try it again. >> i'm sure they will. liz: how do you feel, knowing mike bloomberg as well as you do, he would do against across the table, podium to podium like in helsinki, against vladimir putin? >> i'm in no way comparing new york city with the kremlin, but it's a pretty tough place. mike more than held his own for 12 years. disrupted an entire industry on wall street, has offices in 130 different countries, knows most world leaders already. far more prepared to take on putin and step into the job as commander in chief on day one than any other candidate. liz: i look at him and say in certain states he has a chance but we keep hearing no base if

he doesn't do iowa and new hampshire, that may or may not be true. who has the best chance in the democratic pool against bloomberg? >> it really depends if someone can gain a lot of steam between the first four states. liz: buttigieg? >> if buttigieg wins iowa, and polls look good for him and that rolls through new hampshire and north carolina, he probably could. if anyone wins the first four they will be really really competitive but if we have four different winners it's wide open. they each will have 1% of the total delegates. liz: good to see you. >> thank you for having me. liz: you are around. we need you. >> i will come back. liz: a lot going on in this primary. bradley tusk, thank you so much. when we come back, the pedo guy trial is over. the closing bell ringing in 21 minutes. tesla, spacex ceo elon musk avoided a major payout for that infamous tweet. he spent the weekend celebrating in quite the eye-popping way. we will tell you all about it in just moments and show you how

the stock is reacting. don't miss this week's everyone talks to liz podcast. champion pizza ceo and philanthropist, born as a kurdish poverty-stricken individual, he came to america, he was homeless in new york city, of all places, and guess what? he rose to the top of the pizza world, winning awards and starting a very lucrative chain. his recipe for success and how he overcame all of these stumbling blocks. you've got to hear it. it's so inspirational. you can hear it on alexa, apple podcasts, google, fox news podcasts.com. "the claman countdown" is coming right back.

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may your holidays glow bright and all your dreams take flight. lease the c 300 sedan for just $399 a month at the mercedes-benz winter event. hurry in today. liz: remember at this time friday, tesla's ceo elon musk's defamation case hung in the balance? well, just about an hour later on friday, he was cleared of

defamation allegations in the pedo guy trial, as it was known. vernon unsworth, the british diver that musk called a pedo guy was seeking $190 million in damages for the shame and humiliation he says musk caused. well, it took the eight-person jury at a los angeles federal court less than an hour to reject unsworth's claims because since he was called a pedo guy, he's made a lot of money, book deals and meeting all kinds of royals, et cetera. meanwhile, musk, maybe it was just to celebrate, was caught tooling around malibu over the weekend in his new cyber-truck. taking it for a spin before dining at nobu malibu. we are working hard to get the rights to the video of him zooming around pacific coast highway. it's going viral. but we can look at the stock, too. it's got a little bit, tiny bit of fever here. we are up about 1.5% for tesla at the moment. the stock stands at $340.98.

connell mcshane, oh, people apparently were stopping and gawking as the cyber-truck drove by. connell: is that legal? can you drive it on the road? liz: concept cars. you can drive concept cars. connell: i suppose. listen, by the way, i don't know if this is a related story or not but it almost feels like it is for some odd reason. i don't know, liz, if you set the family vacation plans for 2020 early enough but allow me to throw one more suggestion into the mix. we will talk about it next hour. how about north korea? kim jong-un, this is true, has a new resort that he's opened up on a mountain and it's a ski resort, get a massage, whatever the case may be. looks nice. we will talk about that, the implications of that, what this new-look north korea means for the future of talks with the u.s. all of that when melissa joins me at the top of the hour plus your closing numbers on wall street and everything else. there you go. north korea. book it. liz: does the restaurant serve sauteed tree bark? i'm not kidding. people eat tree bark because they are so hungry.

connell: that's just the worst. president trump said it was a great place for a hotel. they're doing it. liz: i'll take vail. i'll take new jersey. connell, thank you. it's a $26 billion court case. the closing bell is ringing in 14 minutes. now the dow is down 84 points. let's take you live right now to the new york city courthouse, where the battle over the merger between t-mobile and sprint is playing out right now, minus the truck with all the graffiti on it. the morning session focused on competition but charlie gasparino is here with more details on the state attorneys general case against the potential telecom giant. charlie breaks it next on "the claman countdown."

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liz: it's the final act in the t-mobile/sprint drama. the companies are facing off in that courthouse right now in new york city against the state attorneys general who are suing to block the $26 billion merger. charlie gasparino is hearing that the trial may be cut short? >> okay. liz: yes or no? >> yes. yes. and here's how. okay? so we should talk, we should just say the first rumblings of a potential settlement or at least an offer that's going to be given to the state attorney generals is being discussed inside t-mobile/sprint offices among management. sources are telling the fox business network. here are some of the things they're talking about going to the state attorney generals to try to, you know, maybe prevent this thing from going to the full monte to the court. you know, we will know about this i think if it does happen fairly soon, because this is not going to last forever. this is a case i think when i

looked at the trial dates, it's about a week, then you have a federal judge in lower manhattan to decide the fate of this merger which this thing will hang in the balance. so here are some of the things they're talking about. additional offers -- conditions that t-mobile and sprint are talking internally. there's no decision whether to provide these or to do a settlement offer, but they are talking about it. okay. here are some of the things. one condition would be to involve workers to unionize. right now the cwa communications workers of america, i don't believe they are -- that t-mobile or sprint has, you know, has a union, you know, a union outlet. one of the big things on this merger, particularly since it's two states that are opposing it, new york and california, those attorney generals, tish james and xavier berarra are talking about why aren't these companies able to unionize. there is some talk inside t-mobile/sprint, maybe that's a condition we can give up. another one is a rural buildout

for broadband. more buildout of broadband 5g in rural areas that are underserved. another thing they are talking about is some sort of an offer to them for price controls, particularly for working class, poor people that consume their services. another thing they are talking about is some sort of way to increase jobs in these states, new york, california, for workers that are -- that -- i mean, one way is not to have massive layoffs as opposed, as part of this merger. that's where we are right now. one thing i can't tell you is whether they will provide this or not. i can just tell you that the murmurs inside t-mobile and sprint is they are coming up with terms for a potential settlement and then it all becomes a crapshoot for them. do they think they can win in court, where they might not have settlement put on them, they might win outright, or do they think they could go to them and say here's our deal, you know, let's see -- let's play a game

of chicken. do you think you can win because this is a pretty good deal. liz: from what you know, because you have followed this very closely, they have made so many promises, we won't lay off people, we will not raise prices, do you believe that? >> i think every merger has layoffs. every merger had some price implications. you know, it's -- the economic argument just so you know, that the government -- the government is making, the state attorney generals, is that prices would be lower than they will be otherwise. that doesn't mean they won't be lower. you see what i'm saying? liz: lower than they would be. >> if sprint was separated out they would be even lower than they're agreeing to. that's a hard argument to make. listen, i can't tell you where this is going. i don't know the judge. the judge is a clinton appointee, not an obama pointee. you would think he's more free market oriented. the possibility they are thinking about this settlement element is they are a little worried inside t-mobile/sprint.

liz: both stocks are down but off the floor. >> probably based on the tweet i just put out. liz: absolutely, charlie. >> and our reporting. liz: it's all you, baby. >> our reporting here on "the claman countdown." ur 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. i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. from packaging tape... to tape that can bond materials

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liz: three minutes to go before the closing bell rings, folks i need you to look at the screen we're down 91 points, we're getting closer to the 100 and there is fear in the market we have the volatility or vix index up 15%. it's still at 15.71, but to say 15 and a third percent jump is no small potatoes there, investors may be worried about what you would argue in the past , in recent past was a slight economic slow down, but today's countdown closer says do not fear any correction there is an economic expansion on the horizon after a possible

correction. we're joined by atlas merchant capital operating partner, great to see you larry. fear not any correction, why? >> well what i would say is that it's very hard now to see a recession in the next six to nine months. you remember you had the fed tightening, the trade war, everything was going down and it's not only economic signs things are coming up. look at policy. did you ever think you'd see again the fed, ucb, and bank of japan all expanding their balance sheets again. we've got rates incredibly low for this late stage of the cycle so this is the big thing. the other thing i'm encouraged by is risk is pulled back. we had outflows from stock funds now moving into cash and bonds for a while and this sort of riskier parts of the market like leverage loans, buyouts have all moved back and i think we are set here, for a period where things are going to go but i realize we've been with stocks close to records, record highs,

but when you take a bigger look and it accounts for the big plunge we had in the fourth quarter last year, we're only up about 5% in the last 14 months, so i think there's plenty of room to run here. liz: i just want our viewers to take note the nasdac right now just went through the floor, that had been set earlier with a loss of 28 points now down 33 and again, day-to-day increment all moves do not really matter that's what i'm hearing from you but at a time when paul volker, the former federal reserve chair back in the 80s was so focused and tuned out even the presidents for whom he served he's unafraid and doesn't care if politicians yell at him for example, and this is before president trump or president trump yelling at powell, don't you worry about low rates? >> i do but first i was a federal reserve economist at the time and i have amazing respect for him, what he went through,

but when was the last time inflation is an issue. what's a bigger issue is extended amounts of leverage from low rates, and that's the bigger risk. liz: good to see you larry catle r of atlas, our thanks to him and yes the dow closes. melissa: kicking off a week in the red, a major rally on friday , wall street waiting on a trade deal with china as an agreement has been reached on the u.s. mca, president trump making comments on the status of that we'll bring you the headlines moments from now, the dow ending down 104 points at session lows i'm melissa francis connell: i'm connell mcshane happy monday, the s&p and the nasdac firmly in negative territory closing out on a weak snow snapping a three day winning streak and we'll have more on the big market movers but first here is what's new. the feud