claman will take you through the next and final hour of trade and i'm giving it to you with extra time here, liz. >> liz: seconds! thank you, so much, susan. we've got a fist fight breaking out between amazon, and fedex. amazon just threw a big punch the story developing right now we're getting you details. markets rallying to levels never before seen as optimism over friday's phase i trade deal with china lights a fire under stocks , and even though details remain scant. the dow up 123 has pulled back a bit from its gains of 202 earlier in the session, but the s&p 500, very close to its highs right now, up nearly 24 points, the nasdac charging ahead up 84 points and the presidents top economic advisor saying phase i is absolutely done, as rumors swirl about a possible signing when global business and government leaders descend on the world economic forum in dove

davos switzerland next month. top china expert predicted the atmosphere in which there had to be a phase i, we're bringing him back in a fox business exclusive to predict what we can expect next, and what's missing? the biggest manufacturer of kids bicycles in america is breathing a sigh of relief after tariffs set to go into effect yesterday were outright canceled and the chairman and ceo is here in a fox business exclusive on his company's early christmas present, yes, he is the biggest seller of bikes to walmart. you got to hear what he says about this holiday season plus investors spinning their wheels, over peloton's holiday ad, and its recent performance. most of it is down, some have even resorted to name calling. >> this is at the top of the ideals there's no question about that. they will be lucky if they get this thing done let alone convince one person to buy this.

>> liz: not everybody agrees with him the clues are out it's a bull/bear debate over peloton 's future. we're less than an hour to the closing bell on this monday so glad you're with us let's start the clay man countdown. folks we need to look at federal express, it is dropping pretty precipitously this loss of 1.5% does not tell the story the stock had been as high as $168 a share. it is at 163 right now and falling. this on the breaking news that the wall street journal was just reported, amazon is blocking its sellers. its third party sellers from using fedex ground for prime shipments, so right now, as you see, it is falling off a cliff, amazon is rising about a half a percent, although federal express is saying that the

impact of amazon's decision on its business is "minimal." you really cannot, you can't see that from what the stock has done from that intraday picture, according to this report the online retail giant is citing a drop in performance in fedex ground and home services heading into the critical holiday shopping season. the ban begins of all times this week. amazon says sellers can use fedex's speedy and more expensive express service for prime orders or fedex ground for non-prime shipments, but remember, amazon had stopped using fedex as its shipper several months ago so we're watching this stock and we'll continue to check fedex as it falls about 1.5% but has lost all of its pretty significant gains from earlier in the session. let us turn to tesla shares are coming off their gains an highs after zooming up as high as $383 a share. right now it's still up nearly 6 %, but at 379, just slightly

below that critical 380 a share. either way, it's a new annual high, and our new york stock exchange trader scott redler focused on the 380 level for the stock this morning, i re tweeted it because he said that's an important level and it punched right through it right now, it's fallen slightly below it. this is the national highway traffic safety administration investigates a 12th tesla crash that may be tied to the model 3s advanced autopilot driver assistance system. let's get to uber now. uber is actually gaining on a record the ride hailing service is looking to sell its, i thought uber eats was just a hot thing so it's selling its uber eats division in india. it'll be selling it to a local rival and the stock is up 5.5% perhaps on the belief that final ly the company, and the ceo , are getting together and starting to make it meaner. now, separately, co-founder and former ceo selling more than $2 billion in his shares since the company's lockup expiration

hit in early november. international flavors and fragrances, you know about this company, they make things smell good in airports? they make great flavors? well they have agreed to a merger with dupont's biosciences unit creating a plant-based meat giant valued at more than $45 billion. dupont's rising this is odd. usually the acquirer falls but dupont is rising and iff makes the seasonings and did you font makes the protein that goes into beyond meat patties but international flavors shares are sinking as investors question the price tag of the deal. susquehanna bullish on semiconductors upgrading western digital and micron technology to positive from neutral and the firm also raising price targets for both, so you've got western digital up nearly 4% at pretty much the same for micron technology up 3 1/3 in part because they have huge exposure for their revenue to china and hey, if we've got a phase i deal

jumping and juicing these markets which is exactly what's happening, then those names could stand to benefit. all right so we've got another record session on wall street counted 54 minutes before the closing bell rings we are extending a wild rally that we have seen so far this year. what does this forecast for 2020 we're actually seeing conflicting theories from two different sides here. let's get to two bank of america strategists. they say the markets are prime for a first quarter 2020 risk asset meltup. as risk surrounding the trade war in brexit have dissipated the fog is gone so they say you know what? we're expecting the s&p to surge by more than 5% by march 3. they actually put a point on the calendar for it and they say that the yield on the 10 year will climb oddly by 35 basis points by february 2. yes, not oddly because yields climb when there's less fear but oddly because how do they nomar 3?

well on the other side, chief investment officer doug ramsey says while the bull market will continue, buy at your own risk because right now, valuations of most stocks are absolutely too high. ramsey says that investors are paying a higher price than ever for the momentum that we are see ing. currently, the s&p price to earnings ratio stands at 21. what does ramsey mean? well, the 10 year average is 16.9 so we're well above that meaning this is a very heated market so where do our traders stand? get in before the meltup during the first quarter 2020 or buy at your own risk situation? we've got the great scott, scott redler and scott bower, along with phil flynn. we want to hear what you have to say about this because you had a great call about tesla earlier in the session. >> i think a lot of analysts keep saying they are cautiously optimistic. they are all covering all of the basis saying okay, it should be long but be long at your own

risk so i do agree with the first analyst because typically in a new year, new mutual funds, hedge funds institutions they get new money to put to work in the market so right now we're in a strong trend and if we continue with these trends into year-end they have to put money to work higher. that means they get it involved, shorts cover, so i do think we could see another 2-4% going into the first quarter. as far as the second analyst, yes, the valuation of the s&p earnings are definitely over the average, but we just had three rate cuts and we have a potential phase i of about 20 phases of a china deal, so that might increase the earnings and get that pe ratio a little bit more in line. >> liz: all right, let me jump to phil flynn. phil, we've got a wildly successful rally, all of 2019, no major corrections at all. can that continue in 2020? >> i think it can, in fact it's so hot, i think there's going to be a meltup. i'm going to wear sunglasses but i'll tell you, it's funny we

forget. it was just a few months ago where we had the wild swings 600 points down on the dow and back up. we had the inverted yield curve and there were a lot of people that went to the sidelines on this market, right? and now, they are like wait a second here. all of these bad predictions about recession, you know, slow down in the economy. look at the economic data and that builder confidence today of the highest in 20 years. when you see that kind of momentum, you see the kind of economic data that we've been getting here in the u.s. , this stock market deserves to be higher and deserves to be optimistic, these valuations deserve to be higher because we've had a lot of historic things happen in this market. tax reform, low interest rates, you put it together it looks good. >> liz: well sure you put it together, scott, number two, and we've got this very warm and cozy incubator, right? for stocks, stock investing, and people were terrified at the beginning of last year because of what had happened a year ago december, so beginning of this year, rather, because of what

had happened in december of 2018 , so does the incubator start to create hatchlings and little chicks that do well, or do we start to get too hot and we know what happens then? >> you know what creates fantastic opportunity? and i think phil hit the nail on the head. there's so much money on the sidelines from people that were scared, that you're going to start seeing people flocking into this marketplace next couple week, beginning of 2020. i think that is going to be part of what really pushes this market continued higher; however , liz, do you want to get insurance on sale? i want to get my car insurance, homeowners, personal liability i want all of that on sale and right now market insurance is on sale. it can be done several days ways , buy s&p puts, look to sell some things or you can buy some upside vix call premium, which is extremely cheap right now so

why not stay in the marketplace, stay long, stay this market melt up, but buy that really really cheap protection? >> liz: okay, yeah that's excellent advice. scott, and scott, and phil, thank you so much. dow still up 122 points, i want you to just focus though on the s&p 500. that is sort of the broader sense that we have a very strong rally in the s&p at the moment up 24 points, very close to the high. all right, no wonder we're hitting records. we have the sizzle. where is my sizzle? here we go, in my hand, this is the u.s. trade representative's fact sheet on phase i of the u.s. china trade deal. just one problem. very few facts in the fact sheet now back in october, a guy named derrick scissors is the chief economist of the china beige book correctly predicted here on the clayman countdown that the u.s. would cancel the december 15 tariffs in order to reach a partial deal with the

chinese. he was spot on. so we thought do you know what? we'd bring him back to find out what he thinks of the new deal. okay, we know that there is of course sizzle, but is there enough stake for you? >> i'm happy with this, because i prefer to be cautious and the reason is that we're not going to get the chinese to change their ways overnight. we're not going to get them to change their ways in time for an election. they don't move at our speed so you're right, absolutely that the fact sheet doesn't have a lot of facts, but it puts the u.s. in a situation where we keep most of our leverage, the chinese have made big promises and we'll watch to see if they implement them. >> liz: we're looking on the screen at the chapters in the fact sheet, ip, tech transfer, agriculture, fin services, currency manipulation, expanding trade. i want to start with the expansion of trade, because it is the one where we actually see hard numbers indicating that china has committed to an import , and additional 200 billion in u.s. goods and

services made in the u.s. over the next two years than they already were buying which i guess would bring by 2021 would bring that number to 300 billion derrick is there a plausible path to that 300 billion promise >> i don't think so. when you try to break this down everyone is focused on agriculture but even if you say hey, they are going to meet the high ends of the agriculture target that's about 40 billion over the next two years and if you try to find 160 billion in oil, in boeing, in services it really doesn't work. it's like you have to roll four straight double sixes or four straight snake eyes. one of them may be four of them, no. >> well where's the beef? that is the question for a lot of people, and some of the words are very squishy. there's a lot of this, the chinese address, or this address es, versus out right agreed to end. now we have an agreed to end in technology transfer where the chinese were forcing, maybe we can put up some of these issues that you have with them because

i don't know the words are so squishy. they address this and support this. i mean, they promise, do you not >> yeah, i mean, we have the fact sheet and we don't have the full deal, so if ambassador lighthizer was here he would say wait for the full text which we are supposed to see in a month but i still wouldn't believe it and i wouldn't because the chinese said to now, we don't coerce firms that would be illegal under the wto, a bad business practice. we don't do it so if they never admitted they've done it how are they going to say we're going to stop? this is like the criminals said i never robbed a bank and i won't do it any more. it's a lot to expect from them to change their behavior, when they deny they've ever engaged in it in the first place. >> liz: all right, derrick. we'll be watching it, it's the whole distort versus we really need to see serious verbage here thank you very much. all right, tomorrow, maria is sitting down with u.s. trade representative robert lighthizer this is a must-see interview 8:

30 a.m. eastern only on fox business. up next the millennial investor who saw the storm in peloton shares coming, and boy, did he slap a very tough description on the spin bike company.

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>> liz: we've got two pieces of breaking news right now, president trump right now was touting the major market moves that you see on your screen today, the record for the s&p, the record for the nasdac, dow touched a record, this as he holds a round table discussion at the white house on the governor's initiative, they're talking about regulatory innovation. then we've got this breaking news, in the last hour, the mexican trade representative just denied a report that mexico

wants to freeze the usmca trade deal. yes, he said that he's very happy with the trade deal, they are very satisfied with the usmca, and he refuted that report that come out of mexico that said that the language in the deal was not what was agreed upon verbally. this as the house of representatives prepares to pass the trade agreement this week. to blake burman, blake, i mean this is interesting. i mean, where are we getting these reports and now, we're hearing that the mexicans say everything is fine. what about the canadians? >> well it's big news about what we're hearing from mexico because there have been concerns with the country that the deal that had been negotiated here in washington by the u.s. trade representative robert lighthizer and congressional democrats might not necessarily be agreed to in mexico. the issue was involving " negotiators" whether negotiators would be allowed to be sent into plants in mexico to make sure those companies are complying with labor provisions.

the concern from some lawmakers in mexico was that could potentially impede on that country's sovereignty. this morning i can tell you at the white house, liz they were confident this would all be worked out and we just heard as you mentioned from mexico's top trade negotiator who says this will not side track the deal. watch here. >> mr. lighthizer is going to work that out. we want all the countries that we trade with to have the same worker rights as we do here. >> these personnel will not belabor inspectors and then in the next line it says also equally clearly, those varifications will be conducted by an independent panelists. >> okay so the keywords there, liz, inspectors as you just heard the trade representative for mexico say there's not inspectors instead there's going to be a panel. the way this breaks down the changes that were made calls for representatives from the u.s. and mexico to have a panel to resolve any sort of potential compliance issues that could

result within mexico. when you look at the time line, yeah, when might this all be wrapped up, liz? here at least back in washington thursday is when the full vote goes before the house of representatives and then of course the senate and there's a little bit of a wait at least the plan for mitch mcconnell is to wait until after a senate impeachment trial, but they are very confident in this building that the house of representative s will overwhelmingly pass this on thursday. >> liz: about time blake thank you we are hearing speaking of time and timelines this just hitting the wires president trump says the china trade deal will be signed in the coming weeks. it's a translation, they are waiting on. remember this is an 86-page phase i deal. can't wait to see what phase ii looks like. it's long but they say that the translation will come and it will be signed in the coming weeks. watch the markets here, when this news hit we were up 127 points on the dow, now we're up 132 maybe we'll climb a bit more the analyst who hit the brakes,

even before peloton's christmas commercial, with the closing bell ringing in 39 minutes, not citron research but waiting until after peloton's controversial ad was released to give it left hook to the stocks we're talking about the millennial stock guru analyst who in a stunning video, gave the home spin bike the tko before its ipo. >> this peloton ipo is at the top of the dumb dumb ipo's there no question about that. they will be lucky if they get this done let alone convince one person to buy this thing. no institution will want to look this stupid. >> liz: up next we've got the man behind that twitter tirade but putting the peloton bear in the cage with an out right bull. hook to claw, next in a bull/ battle royale. the countdown coming right back you can't miss this.

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>> liz: we showed you just before the break this guy, leave it or not, he's a financial analyst named thomas george who blasted peloton as the dumb-dumb stock of 2019 ipo, and yes we looked it up dumb-dumb is a financial term before the interactive spin bike company went public but just after thanksgiving, unless you've been living under a rock you know that peloton stock was forced off the road by pr fallout from this controversial ad labeled sexist and now ageist. peloton getting the shortened of the stick, as investment firm is warning today shares could fall by half. this after citron research pushed its own into the stocks tires last week saying shares were just about $5, and the pile on has been unbelievable the stock clinging to a third of a percent gain right now and now i do not weigh in on stock prices, but i will say that after hinting heavily, my husband gave me a peloton for my birthday two

years ago, and no i was not offended. bona fide wets president's wasn't offended when he bought her one either, douglas is here to faceoff against that man, who called peloton the dumb-dumb of the year and grise eled the president who is a stock financial analyst guru particularly for millennium momentum names, you get to start , dumb-dumb ipo, do you like it at all now? >> the move it goes up the more dumb-dumb it gets that's for sure and we were well before cit ron, and we did it better, stronger and we said for them to make any of this work, if they go full streaming they have to drop their streaming alone price from $20 to 12.99 and what they did literally a week ago was drop it to 12.99. >> liz: what did you make of the ad where everybody said it was sexist, that the husband gave the skinny girl his wife, the

thing and the thing. you know, it was fantastic for ryan reynolds. it was knocked out of the park. he's schooling everyone on this, [laughter] >> liz: all right, douglas. douglas actually likes the stock and his wife and he loved the peloton, but talk to me about the stock, douglas. >> yeah, sure it's a great product and we're in the very beginning of what's a multi-year growth phase we have 700,000 subscribers at the end of this year, we have more than 600 of those as connected subscribers, we're going into germany, we went into uk, we have canada, those are the four biggest fitness markets in the world. >> liz: he called it a dumb-dumb ipo. >> i mean this is the guy whose 1,100 onioned meat. that's your dumb-dumb ipo. >> liz: oh. >> liz, talking about dumb-dumb , you're paying $40 per month, for the privilege to ride on their bike. meanwhile, i can get it stream ing for 12.99 whose the dumb-dumb now?

look it's a great piece of equipment arguably maybe a little overpriced as far as what that equipment is but you can't deny the fact that there's a legitimate strategy in place and there's not a lot stopping this from taking the next three to five years i understand you have to wait to get there but everything right now looks really good. monthly churn, royalty of these customers, .6%. they don't lose customers. you have products coming out a tread. you have the roller coming out. it's connected through fire tv soon, apple watch you're telling me, we can't get from 700,000 to 2 million customers? >> the churn rates are going up , the acquisition costs are going up, and literally, we created a competitor to peloton that costs 80% cheaper basically and you're platform agnostic so my goal is to take everyone from the peloton, all the hot dudes, chicks, whatever all the great riders bring them over to the system and then what happens, because everyone loves these.

i'm big into that. >> liz: okay, but so douglas, give me your sense though as we look at, i've got to show thomas 's video that he put up again because you look a little unhinged, but i like your energy and i like it and it speaks to millennials but i'm just wondering it is really an aspirational thing to get a peloton. there will be lower cost imitate ors will there not be, douglas? >> yeah, i think they have the market lead here their brand awareness is huge with more studios that can lever against that they are going into the markets you have 173 million people in a global fitness market they are targeting say 60 million they have less than 5 % penetration, big upside, everyone says oh, valuations wack, they will say there's not enough time maybe a macro event will come its way. i don't think so if you hold this and put it in your portfolio be smart. put a stop limit on this, or bailiff it's not for you, but if this is something that has legs.

>> liz: before we go peloton not the only one getting burned by a questionable ad. you guys have heard about the hallmark ad where it was a z ola , which had a lesbian couple, same sex and they were kissing and people freaked outcome plain ed to hallmark and now hallmark is putting it back, it's supposed to be an ipo coming up, would you buy it? >> you know, from our perspective, yeah, just the whole hallmark thing i wouldn't buy that and it's very classic for these corporations. they don't even know who they are. they are always flip flopping on these social issues. you got to know who you are. >> liz: make a decision. and douglas yes or no? >> no. >> liz: when it finally becomes public. >> no it's very sad to see what happened here. it's 2019-2020. >> liz: supreme court ruled. >> it's a legitimate market. let marketing and advertising make money this is silly. >> liz: good to see you both, we'll have you guys back. by the way, we still have

peloton stock up more than 20% since its ipo. let's keep that in mind closing bell ringing in 29 minutes pedal ing into high gear the bicycle under the christmas tree is a holiday staple right? the number one supplier of bikes to walmart, celebrating the christmas miracle of sorts. the 100-year-old new jersey bike manufacturer, kent international , he's here in a fox business exclusive on how his life and business has changed dramatically over the last 72 hours. we're coming right back. ( ♪ ) sure, the content's easy. but then you have to connect, download, edit, reformat, output,

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>> liz: we have what is ambush ing kids wish lists this holiday season. walmart secret weapon and the number one selling bike at kent international, it's the 20-inch bmx bike called the ambush, live in the "claman countdown" studio s but the bikemaker says it was forced to ramp up its price tag this year leaving skid marks on sales and the ceo of the biggest bicycle manufacturer in the country, kent international, chairman and ceo, arnold candler live in studio. you were forced to hike the price due to the trade war with china that appears at least to be calming down. are you going to drop the price? >> well the price went up quite a bit but yes, next year the price will start to come down again. >> liz: we got that news was it an early christmas list?

>> that was beyond, christmas and hanukkah rolled into one. >> liz: yes when you heard that the phase i deal was prepared and ready, hopefully soon to be signed. >> well there's several of them , not just the phase i. we also got the news called people for bikes, they are a trade group, and they filed for a petition for exclusions on 20- inch bicycles, and the u.s. t r approved it as of last friday. >> liz: well finally right before the holidays. >> yeah, it's too late. >> liz: its been very hard for you hasn't it? >> it has, cost us quite a bit of money, and just been so disruptive to us, but it looks like things are calming down and we're really excited that we can get back to doing bicycle business and get out of politics >> liz: and walmart, you are the bike supplier to walmart. they love your bikes, and the customers love your bikes. tell me what the holiday season looks like it's shaping up to be give us a window into how the consumer is spending and then of course how the stock market

would do. >> liz: well the bicycle business looks pretty good so far for this christmas. the consumer every year gets later and later. years ago we used to see the business ramp up by middle of november and now the sales really starting this week is when they go absolutely crazy. >> liz: do you see it as a record breaking holiday season? do you think that could be possible, because we have low jobs unemployment levels, we have a very strong stock market, and we've got a pretty solid economy here. >> we're very optimistic about sales with the unemployment and wages going up, and consumer all the indexes are showing consumer s very strong. >> liz: i know you were considering during the trade war possibly laying off some employees, and by the way you're in the carolinas. this is an american company. so are you going to ramp up your hiring now, is it that good as far as news is concerned? >> well part of it is good not all of it is good because on the u.s. tr's regulations and their

rulings, they are giving exemptions on the complete bicycles. >> liz: let me explain to our viewers what you're looking at right now. you went to cambodia in the throws of this trade war to try and find a new supplier for some of your parts. >> right. >> liz: i mean, was that wasted money now? >> well it wasn't our money, but a lot of time and effort going into it, because the supplier who wanted to build a factory had just run into regulation after regulation after regulation. i don't want to categorize it but it was not fair. >> liz: you liked your chinese suppliers. >> we do. >> liz: and you're going to stay with them now? >> we're going to stay with them. they are partners of our usa business and what makes them really cool is that when we wanted to build a factory in the united states which we did in 2014 they were fully supportive of it so that's great. >> liz: let's just let our listeners on xm 113 we hear you guys we know you're in the cars all over listening to the xm, they didn't see the full screen on how much it costs.

what will it cost? >> okay the bicycle was a year ago before christmas $74. it went to $78 in the spring and it's $88 right now. >> liz: at walmart? >> at walmart. the sales are still strong, but the customer is just paying more money. >> liz: okay. we wish you a very happy hanukkah, happy christmas to your employees, and it is great to see that. look at that thing it's a beast. i like that. thank you so much. good luck to you. >> you're very welcome. thank you. >> liz: keep us posted. >> i'll do that. >> liz: paid a lot in tariffs by the way. do you have a total on how much you paid? >> approximately $25 million additional from the 301. >> liz: 25 million. >> right. >> liz: that's what he paid. all right that's something the chinese didn't pay. >> nope. >> liz: thank you so much. >> thank you very much. >> liz: one of the biggest names in the market ringing the alarm right now, with about 20 minutes to go before the closing bell rings, dow holding on the gains of 125 point, transports are up, nasdac is up 85 points, but

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>> liz: all right, this just hitting the breaking news we are now expecting the text of the spending bill the one that would avoid a government shutdown to arrive around 4:15 p.m. this afternoon. sources are telling fox business though, that a couple of details are starting to drip through here, so this is what we know. possibly, that the age to purchase tobacco will be raised to 21. in this bill, we would also see the permanent repeal of the medical device tax, and cadillac tax from obamacare. automakers also say they do not expect congress to extend the $7,500 per electric vehicle tax credit to stay. hear what automakers are doing on the news, note tesla up 5.25% doesn't appear to be getting hit here and we also know that general motors has electric vehicles et cetera, it's up 1%, ford up 1 2/3%.

>> who is that? >> i'm your best friend. i'm santa claus. >> mommy! >> i'm santa claus. don't you want to be my best friend? >> liz: this is by the way a more scary scene an any horror movie and if that video weren't enough of a hacker taunting an eight-year-old girl through the family's ring home security camera, that was placed in her bedroom, take a look at this in florida, also from a ring camera . >> i've seen them billions of times. >> are you going to stick around? >> yeah, i'll stick around. probably going to take the camera for evidence. >> you're getting hacked by a 5 -year-old, dude. >> liz: ring responding to these very worrisome and i would say

upsetting videos, denying that its system was hacked. guess they're denying it and they blame the intrusions on customers reusing the same user names and passwords on multiple services allowing hackers and bad actors to gain access to these accounts, and to the cameras. shares of ring owner, amazon are up more than 16% since it announced it would be buying the home security provider in february of 2018 and amazon of course up higher right now but i don't know, connell i've got a ring. i was one of the first in the building to get one i'm loving it. connell: weird blame the victims too to say wow, especially with the eight-year-old little girl in her room, goodness anyway top of the hour lots to talk about we have our old friend coming on that ran the cbo, talked about the crazy week in congress talking about government shutdown whether we could avoid that, we'll focus on usmca which seems to be as you reported earlier looking better from

mexico's point of view and there is also axios had it interesting focus group in michigan that they looked at some voters who swung from obama to trump and are now they say firmly in trump 's camp and what that might mean for 2020 and what factors are leading to that so all that and records on wall street. coming up. >> liz: oh, like it's nothing. connell: every day. >> liz: thank you, connell good to have you back. connell: yeah, thanks. >> liz: one of the most widely- held stocks at some point in your life somewhere in your portfolio you've owned boeing and it is stalling out. look at this, it's down $14.07 the aerospace giant is the biggest drag on the dow 30. the company now considering a full stop, halt of production of that controversial 737 max jet. so what will that do to the company's up and down the 737 max supply chain?

oh, you may own those stocks too we'll show them to you, that's straight ahead on the "claman countdown." the dow is up 112. woman: my reputation was trashed online. i felt completely helpless. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555.

>> liz: boeing stock coming in for a hard landing, right now, it is shaving nearly 98 points off the dow jones industrials what does that mean? if it weren't for boeing we would be up more than 200 points right now. here is what the story is. boeing is considering now totally suspending production of its grounded 737 max planes. its got to decide do we suspend it cancel it, do we take a break i mean longer than the break we've already seen but boeing is not the only one, taking a hit on the boeing news. there is a domino effect here, just look at the supplier name, spirit air o systems gets nearly

80% of its revenue from boeing it is down 1 1/3% look up sophro n a joint venture, cfm international is a big supplier of engines to the max and boeing counts for 25% of annual sales down two-thirds of a percent and that should have said ge, folks we have the wrong ticker up there but ge is down one full percentage point, let me get to christina partsinevelos on the floor of the new york stock exchange. you've been speaking to analysts i'm interested to know what they say because a lot of our viewers own boeing. >> i also reached out to boeing and they did confirm they are looking into cushing or possibly pausing production, but they wouldn't give me a timeframe there is rumors we may hear some reports after-hours today but according to boeing look at that this is 383 planes grounded thus far in 2019 and 480 if you could tell that their inventory is piling up. i spoke to one analyst that covers boeing from bank of

america, ron epstein and he said with mow concrete timeline, and with an inventory burn, about 5.5 billion, for every single quarter there is only so much that the boeing balance sheet can sustain, particularly since we're now approaching third quarter grounding. a lot of analysts have been wondering what about customer loyalty? will people be getting on the planes so you have bank of america that conducted a survey of over 2,100 americans and they found only 20% of the respondent s believe the 737 jets to be safe, with many of them saying they want to wait at least three months until the planes are back in the air before they get on the planes, and that particular analyst also is expecting costs between $17 billion to $18 billion over the term of all of the grounding , and cfra analysts are a little bit more optimistic, saying 2020 is around the corner and faa works with them getting it certified so you see it mixed on the fence given the strong

fundamentals of the company but this could be a lot of volatility and liz last but not least, the point is a support level, we may see it fall further down back to you. >> liz: christina thank you very much the dow up 106 we're coming 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. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. . .

♪. liz: two minutes away from all-time record closes. three in a row for the s&p 500 and the nasdaq. all right, so guess what? it is big tech boosting all three major indices. the "countdown" closer mark of cls investment, time to sell big tech. >> yes it is. time to go into value. if you look at financials, health care, those are better places to put money. valuations on technology look really very high right now. liz: i can hear the tech bulls saying, but, mark, apple hitting a record high, microsoft hitting a record high. these are great companies. everybody is buying. >> they are. i still believe, you should own those in portfolios.

when you look at big tech, decides the two stocks the rest of technology is not doing that freight. apple is up 78% year to it today. microsoft is up 55% year-to-date. when you take out the two individual stocks, tech has been okay but not been outperforming. financials really surprised a lot of people this year. they're up close to 30%. healthcare lagged, up 50% year to it today. that has been overdone to the downside. energy had a rough go. melissa: you're saying go into those areas instead. i have got to ask you, you have said, time to return to normally in 2020. what does that mean? >> that means, right now, you should be number one more diversified. a lot of people also have avoided international. another place that we think there are representative valuations. emerging market is rough year. up 12, 13%. those are places to go. europe another place surprisingly, in spite of very weak economic data, that stock market has done pretty well this

year. liz: mark zephyr, gives great advice. [closing bell rings] we're cueing fireworks. record day on wall street. dow, s&p, nasdaq close at fresh record highs here on the "claman countdown." melissa: new records on wall street. all three major averages closing at record highs after president trump's top economic advisor tells fox that a u.s.-china trade deal is absolutely done. absolutely. the dow ending up about 100 points there. 99. its 16th record close for the year. welcome back. connell: good to be back on a monday, i'm connell mcshane. this is "after the bell." s&p and nasdaq record highs, third day in a row. nasdaq, the trivia buffs, remains top performing index under president trump. tech stocks have done quite well. got you covered from washington to wall street with kristina partsinevelos on the floor of