tv The Claman Countdown FOX Business December 17, 2019 3:00pm-4:01pm EST
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susan: 114 days is going to be hard to beat. i thought about doing that. >> no. i did not. i didn't even think about it. susan: kat, always good to see you. thank you. that does it for us. don't forget, charles will be back tomorrow. meantime, let's go to liz claman for the final hour of trade. liz: we can't get enough of the peloton wife story, can we. thanks, susan. markets, you guys, are mapping a new chart to history at this hour. the dow, s&p and nasdaq are all about to rewrite the record books again. they are powered by financials which are getting a boost from housing data not seen since the great recession. but while the markets take flight, boeing, a dow component, stalls out over worries its decision to halt production on the infamous 737 max jet is a precursor to the embattled plane never flying again. former national transportation safety board chair james hall has investigated countless air crashes. we will ask him that. he's here in a fox business
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exclusive. amazon prime air ready for liftoff as the online giant fires another shot at fed ex, in an effort to disrupt yet another sector. that would be the shipping business. amazon's not alone when it comes at least to disruption. nikola motors driving its hydrogen battery powered semi-truck down the highway in a game of chicken with its rival namesake tesla. its ceo is here in a fox business exclusive. love him or hate him, charlie gasparino is back to break some news. less than an hour to the closing bell. let's start "the claman countdown." liz: breaking news. in a bid to avert a government shutdown, the house of representatives just approved the $1.4 trillion spending package, there were two parts, they just approved the second.
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if first was approved just a couple hours ago. now it heads to the senate where lawmakers will race to approve it before current government funding runs out this saturday. yes, we have that situation again. we do have boffo housing data for the month of november, including construction permits hitting a 12 and a half year high, and that's got home builders and the companies that build the walls of homes buoyant. home depot up 1.33%. william sonoma up 1.25. a move to clean house at bed, bath & beyond has shares on the move, up ten full percentage points. the new ceo has announced the c-suite cleanout as part of the retailer's turnaround plan. merry christmas, not. all these people are booted. the same focus on efficiency from management prompts an upgrade for apparel retailer guess. that has upgraded to the stock outperform. investors are getting their group on as goldman sachs
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downgrades that stock to sell from neutral. that's never a good thing to see that. we have it down nine full percentage points. the platform that helps people find online deals, though, has plunged 91% since its ipo back in -- remember how hot groupon was? very tough business now. all right. 31 minutes after this show ended just yesterday, boeing slammed the wires with word it will freeze, suspend, stop production of its embattled 737 max jet next month, and the fallout is still raining down at this hour. boeing supply chain stocks are under water. everyone from spirit aerosystems, boeing's largest supplier, makes the fuselags, falling once again. we could look at ge, $2 billion hit possible in its engines sitting idle for the current quarter. as for boeing, it may be flat right now, slightly up, but it's down 22% since the 737 max jet
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was first grounded in march after investigations into two deadly crashes unearthed very disturbing evidence that boeing knew the jet's flight control software was unreliable. james hall is the former national transportation safety board chair. he's joining us exclusively on the phone. thank you for getting on the horn, jim. let me just start with this. is it possible the 737 max jet may never take flight again? >> well, i would certainly doubt that, but you can't rule out anything in this saga that we have seen over the past ten months. liz: you can't rule it out. all right. well, let me just ask you, then, you know, you have boeing right now saying january once again, i remember back in may when this thing was grounded, everybody said possibly by september. has boeing been up front about the possibility, especially to the airlines who have been waiting on tinterhooks to find out when their jets can fly again, has it been up front about what's really going on?
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>> unfortunately, we have seen new details coming out throughout this process and that's why i think it would be good for boeing now to reset the table in their leadership, and possibly bring in alan mulally, head of their commercial airplane division, the 777. the faa has a new administrator with steve dickson and i believe he understands the importance of reestablishing the credibility of the faa administration and performing a responsible job of oversight of the certification process. it would seem to me now, in light of these developments, this would be the time for boeing to step forward with new leadership. liz: you're saying muilenburg should be pushed out. there is so much evidence, and i'm not saying there is, you
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know, a vicious driven aspect about this, but we have seen texts that have surfaced that he surely knew about that indicate the test pilots and test engineers were extremely concerned and this was before at least the second crash, and this is hundreds of people who have been killed. we all see the video of what happened and the aftermath of this. that becomes the next question. i don't know if mulally who has been sitting on boards and has been out of the picture once he left as ceo, a very successful ceo and very smart guy, we just need to know from you what happens next. does the faa have real responsibility here to take a look inside at themselves, inward, and do some real investigation and make sure they do not have conflicts of interest where they are hiring ex-boeing executives who would rubber-stamp questionable software and design? >> well, i think we need to recognize and realize that many
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investigations are still under way. there's a criminal investigation, there are the investigations by the congressional committees and by the department of transportation, and all of these investigations, i believe, will help provide a road map for a new certification system and culture at the faa. administrator dixon has made it very clear when he was at the air show in the near east that he is already rethinking exactly how we need to address this process in the future. but whatever is done, it cannot be done without transparency and without equivalent partner that is also fulfilling its obligations. liz: well, the airlines aren't getting hurt but all of the suppliers are definitely getting slammed here. >> i don't think you can underestimate the significance
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on the system and particularly on the future safety of this aircraft, because putting this back in service, this plane back in service now, is going to obviously be yet another item that needs to be examined carefully as we move forward. liz: well, thank you, jim. i know that you have investigated many a crash and you have been all over this one, just from the sidelines, having been the former head of the ntsb. i would like to bring in andrew kefner to the conversation. it's important to note it's not just travelers who are very concerned about this jet. its investors, too, boeing stock has certainly gotten hammered since news of the grounding and of course, we understand the crashes happened because that is the fact of life, but what do you see for this stock now? >> well, you know, throughout the year, the stock's been relatively range-bound in terms of where it's been trading since that second crash. so it kind of looks like investors have sort of given it the benefit of the doubt in terms of the company's
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ability -- liz: will it now? >> well, so it's traded, if you look at it, it's traded relatively weak, if you compare it to how the broader market has been quite strong. right now, what we are looking at is that it's sort of trading at the bottom of its range, you know, over the past nine months. if it breaks certain levels, we look at some technical aspects of the stock and right now, if it sort of breaks that 320 level, we would be even more worried about it. liz: you put a pinpoint, $319.55. what's interesting about your firm is that you either have a buy or you leave it unrated. you are very clear about this. what do you have on boeing? >> we are unrated right now. we had it on our buy list through may. we took it off. the reason for that was really just that, you know, we wanted to get more clarity around the timeline for the return to service. we figured that there would be sort of a slow drip of bad news as there has been over the
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preceding months and there really has been that since then, the company has done obviously a pretty poor job of setting expectations for the return to service, and that just looks like it's going to keep continuing. for us to be more constructive on it, we really need to see a clear timeline about the return to production, return to service. liz: look at the last point here, convince customers the plane is safe. i should just ask you, point blank as you sit right here, would you fly in a 737 max jet? >> i personally would but let me tell you, when i do a straw poll around my office, there are plenty of people who say they would not let their family fly. liz: our team is the same way. yeah. thank you very much. >> thank you. liz: good to see you. let's take a quick look at the markets right now. as we come to the end of the decade, we wanted to see which s&p 500 stocks were the top performers over the last ten years. taking the number one spot, netflix. up more than 3,000% since
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december 31st, 2009. if only we knew, right? next, market tech, an international financial tech firm -- market axess, rather, up 2500%. rounding tout top three, abiomed seeing gains of nearly 2,000%. at the bottom of the list, because we got to be with our short sellers, too, two energy names. apache and devin energy, down 78% and 67% respectively. minor freeport mcmoran down as well over the last ten years. with what appears to be a santa claus rally in full swing right now, we go to one of our favorite traders, phil flynn. would you buy any of these worst performers? you want to pick up the ones that are cheap right now. which ones and if not, what would you be buying? >> on that list i would pick
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apache. it's got a big energy project in the gulf of mexico, didn't perform as well as people thought it would. but as soon as that stock dipped on disappointing earnings, what happened? hedge funds came in and bought that stock in a big way. in fact, some hedge funds doubled their position in that stock. we saw insider buying from the ceo. so there's a lot of people in there that really believe that we are pretty close to the low. they are working on some pretty exciting projects that if they pan out, the market could go back up. look at the energy names. you're talking about 2008, 2009, oil was $140 a barrel, went all the way down to $25. liz: nothing against apache, but the excess supply is still there. >> it's going to be gone before you know it. because i'm a big believer in what's been happening, the oil cycles. it has since the beginning of time. we are at the bottom of the oil cycle and demand will throw people away this year.
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stay tuned. liz: john, would you buy any of the laggards from the decade? >> i don't know if i would at this point. not that they are going to go lower or higher. i just think you need to take a more macro sense of where we are. yes, the last decade had a lot of volatility to it but you have to really kind of scope that down to the last two years and what we have seen. this market has had a great swing to it and there are so many different areas that still have a lot more room to go. start looking at the financials. we have seen it over the years. the financials from that 2008-2009 period until now have slowly grown higher and higher. with what's going on with interest rates and the focus from the fed, that's an area people should focus on. you look at the top end of that, netflix is at the top in that range but would you not buy it at this point because it's at the top? i can make that argument that netflix is slowly making their way into, you know, this major, major conglomerate in all different areas. that's a name i wouldn't be scared of at the top. liz: so interesting to watch all of this. who would have thought. netflix, i get, but the other two names that performed
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beautifully, 2,000%. guys, you buy a really good company, good chance it might do well certainly over time. phil, john, great to see you. thank you so much. keep an eye on the markets right now. goldman sachs, dow component, hitting its highest level in more than a year. it is right there at the top of the dow 30, up $3.44. and with about 46 minutes before the closing bell rings, wells fargo analyst mike mayo is the one who is helping goldman get up there. helps banking he's banking on goldman, upping his target by $40 to $280. goldman sachs currently is at $231. this as blue apron banking on a new set of diabetes friendly menus to help cook up more profits in the new year. nice idea. blue apron shares delivering intraday, up 6.33% right now. $7.62. that had been a $3 stock.
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could a new sugar rush be in store? a conversation on immigration unfolding right now at the white house but it's the major move that president trump is now asking jerome powell and company at the fed to make that has team "countdown" on high alert. that and more next on "the claman countdown." 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) d man) virtualize their operat. (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. woi felt completely helpless.hed online. my entire career and business were in jeopardy. i called reputation defender.
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liz: breaking news. as the president just wrapped up a meeting with guatemala's president in the oval office, he took a moment to jab the federal reserve once again, calling on the fed to chop rates even more. he took to twitter this afternoon, saying quote, would be so, that's three os, so great if the fed would further lower
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interest rates and quantitative ease, that means stimulate. the dollar is very strong against other currencies and there is almost no inflation. this is the time to do it. exports would zoom, end quote. this is something that the number two man at the federal reserve told us exclusively last week will not happen. >> i should point out at our meeting in november, we discussed negative rates and as the minutes showed, no one around that table of 17 had any particular support for the idea. liz: if the u.s. economy moderately weakened in 2020, would that make it appropriate to bring us to negative interest rates? >> well, that's not something i would foresee. not at all. liz: to blake burman at the white house. you know, they cut rates already, they have now said that 2020 will be rate move free. you've got to figure the president is trying to telegraph to them please continue rate cutting. reporter: he's trying to
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telegraph it but there's not even really a stomach, liz, for even the president's top economic advisers to stomach negative interest rates. they have said as much on the record so while this is the president's wishes, the reality of it still remains the reality, as you heard from richard clarida. it is not going to be headed in that direction. speaking of a little bit of reality here, a reality check in washington right now, that impeachment is gripping this town with an impeachment vote, pending vote expected to be on wednesday. but we also continue to keep our eye on that usmca vote in the house on thursday. little bit of news out of the president in the oval office just a little while ago, as you were watching there as he was meeting with the guatemalan president. president trump saying that when the usmca ends up getting over to the senate, as it is expected, he is going to leave it up to mitch mcconnell to decide if the senate will take it up before or after a likely impeachment trial there. watch here. >> and we'll also have to decide
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on when we're taking the vote for the usmca. a very big, very important deal. very very important deal with mexico, canada, ourselves and we are going to have to decide whether or not that comes first or second. to me, i would let the senate decide on that. reporter: in a very rare interview earlier this morning, the u.s. trade representative robert lighthizer sat down with maria bartiromo, saying the new agreement will touch sectors all over the country. >> we think somewhere around -- bring back or create around 80,000 jobs directly and indirectly in the auto industry, create some 25 or $30 billion of new investment. in the agriculture area, then we have the whole new economy. we have what is really the absolute gold standard on digital trade and financial services, stuff that's never been done before. reporter: by the way, just before the president was meeting with the guatemalan counterpart in the oval office, the white house released this letter, five
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and a half, six pages that he sent to nancy pelosi, and i don't ever remember the president sending this sharp of a criticism to anyone in his tenure. at one point, he says speaking of impeachment here to pelosi, quote, you are the ones interfering in america's elections. you are the ones subverting america's democracy. you are the ones obstructing justice. that is just a little bit of a scene setter before that impeachment vote on wednesday and then of course, usmca voters on thursday. liz: scene setter for yet another drama. thank you very much. blake burman. tesla got quite the electric charge this morning, jolting it to a new 52-week high. with about 38 minutes to go before the closing bell rings, the electric vehicle giant getting a rare shout-out on its battery and software power hold by tesla bear credit suisse. shares, though, stalling just a bit after hitting a new annual high of $385.50. we have now slightly reversed and let's call it flat on the
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session. no, actually down .66% right now. as many of you know, the famed inventor nikola tesla, yes, that's who the car company is named after, but have you ever heard of his other namesake, nikola motors? up next, we've got the company looking to take on tesla's would-be trucking business and its battery stronghold. nikola motors founder and ceo, trevor milton, is here in a "countdown" exclusive. you are about to meet him and hear about his new semi-truck that has hundreds of orders. stay with us. the epson ecotank color printer. no more buying cartridges. big ink tanks. lots of ink. print about... this many pages. the epson ecotank. just fill and chill. is nikola motor's
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uses hydrogen to fuel its semis along with a small lithium ion battery. baiers ha buyers have poured in at such a fast clip, they had to stop taking orders. with a stake of more than 40%, forbes has crowned ceo trevor milton the first hydrogen truck billionaire nikola motors gets its name from inventor nikola tesla. good to have you. thank you very much. >> thank you. appreciate it. liz: what makes you different from elon musk? is it just the hydrogen in your semi-truck that powers it? >> well, what was really cool about the nikola truck is in 2016 when we first launched it, we were the first people to ever do it. there was no one else out at that time. nikola beat the entire market, including elon musk and tesla, to it. we had the first zero emission semi-truck that was available from the market. within about four months, the market saw the traction we got, because we hit billions of dollars in orders and it was shortly thereafter that tesla
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had come out with their, you know, with their semi-truck looking very similar. liz: let's just be clear for our viewers. hydrogen goes into the fuel cells and then comes out to power the electric motors, correct? so what would that equate for your semis to average horse power? >> yeah. so i mean, ultimately whether you have a battery electric truck or hydrogen electric truck, the drive train is identical. there's nothing different. the only difference is instead of a battery where it depletes as you drive it, the hydrogen continually charges as you drive it through a fuel cell. so the hydrogen truck can go usually twice as far as a battery electric truck can go and it weighs about 5,000 pounds less than a battery electric truck. liz: nice. how much can it drag, those cabs? >> what was that, i'm sorry? liz: how much can it haul, basically? what is the weight? >> how much can it haul. so ultimately the main goal is to haul 80,000 pounds is the gross vehicle weight they limit these class a trucks for. so the lighter the truck is, the more payload you can haul. that's why hydrogen makes so
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much sense on a highway, you could haul about 5,000 pounds more freight per load every day, compared to a battery electric truck. but nikola also offers battery electric. ultimately, when we meet way customer, we can help them understand whether battery's a better solution or hydrogen's better solution. it just means hydrogen is usually better for the long haul freight. liz: yeah. it doesn't have emissions. so elon musk took the inventor's last name, tesla. you took nikola. now he's taken it a step higher. he basically calls your fuel cells fool cells, says they are stupid. what do you say to that? >> yeah. well, i have been called a lot worse things in my life. that's okay. here's the thing. you don't use batteries to get to mars. he knows that. one size doesn't fit all. he's very very -- he's got a very strong following around batteries and he's built his life around batteries. problem is, batteries don't solve every problem. they solve a specific problem. hydrogen is way better when it comes to actually moving heavy
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freight. to give you a quick example of this, when you move a load of heavy freight, every panel is worth about 50 cents per load. so if 4,000 or 5,000 pounds less, ultimately you will make $2500 more revenue on that one load compared to batteries. he can say fool cell all he wants but our trucks will generate anywhere from -- they could generate all the way up to $50,000 a month more in revenue for a customer than bait a batt electric truck could. liz: that's a selling point that clearly anheuser busch bought into. they ordered 800 of these and you are delivering them next year and the following year so give me a sense of what other companies have expressed interest in this. >> yeah. we have 800 trucks rolling out with anheuser busch. it's the first time they have ever done an order that large with anybody in their history. we just delivered the first freight of beer with anheuser busch a couple weeks ago in st. louis, where the truck was driving down the road, it was
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incredible. that was our first load. but there's customers just like anheuser busch around the country. u.s. express, many others. at $14 billion worth of orders, we essentially stopped taking orders because we were sold out for five plus years and you are only making people upset at that point. liz: okay. so i know that you said that the hydrogen recharges the battery as the truck drives, but you know, how long does it take to fuel up with hydrogen? >> that's the advantage, you can do it in 15 minutes. so if you are turning the truck two, three times a day, you can do that in 15 minutes. with batteries, if you charged them 15 minutes it would ruin the battery. you've got to scale that over one to three hours on a battery electric truck without doing damage to the battery. you can turn it in 15 minutes with hydrogen. liz: great to see you. we love showing any innovation here in the united states. one quick question, because we just saw this spending bill pass in the house just a few minutes ago. within it, we understand that it does not extend the subsidies that were extended to electric
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vehicles. $7500 per vehicle. no more tax incentives there. how would you describe that? >> look, i'm kind of a little more of a free market kind of guy. i don't believe the government should be funding these things. if you can't build a business model that can compete in the real world, that's a problem. i understand the government wants to help sometimes for the first one or two years. but at this point, i think if you can't make a business model work, you are not creative enough. that's your problem, it's not the government's. figure out how to make a business company profitable or don't get into it. is my opinion on it. liz: fascinating. >> if we get some incentives, that's great. but our entire business model is built on, you know, on economics. it's not built on emotion. so it's all about zero emission, all about being cheaper than diesel to drive and it is. the nikola truck is about 20% less to operate than a diesel truck. we can do it without government subsidies. liz: trevor milton, the first hydrogen billionaire. great to see you. thank you so much. it's a fascinating story. we will be watching. trevor milton.
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coming up, amazon versus fed ex. disruption in yet another sector. we are coming 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. 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
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citing a quote, decline in performance. huge numbers of orders piling in ahead of the final stretch of the holiday season, as folks brace for a potential change that could affect small businesses and pricing for consumers. our next guest says this smells a little anti-trustish. he's in charge of covering major tech behemoths and is the review guy for all things microsoft. windows central executive editor daniel rubino knows something about antitrustish issues. he covered microsoft certainly, but tell us what doesn't pass your smell test when it comes to the news amazon broke yesterday that it was just x-ing out any party using ground shipping by fed ex. >> yeah. the issue is, we know amazon and fed ex broke up earlier this year. that's not news. it's about third parties which is a little weird, right, because if you are a seller on amazon, do you hayou do have to their rules but at the same time, it's weird to be told you can't use fed ex to ship in
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certain situations. now, what amazon is going to respond here, to their credit, is this is just temporary, through the holiday season, and if third party resellers still want to ship with fed ex, they can do that with prime using overnight or ground for non-prime. because of all these little exceptions and it's just temporary, i think they are going to skirt any sort of government overlook right now. that said, this is clear that amazon is positioning themselves to develop their own fleet for delivery. there is some credit to the idea that fed ex did miss some windows here for shoppers. myself, i use fed ex all the time. i have missed packages by them. i don't necessarily discredit amazon here on saying that's the issue. but amazon's long-term goal here is to get rid of both ups and fed ex, just deliver themselves. they could control everything from the flights, the trucks. it's a whole chain. it's the apple model that they want, where you control everything, you control the pennies, the dollars. it's a smart business model. it's just very aggressive and it's going to i think dent ups
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and fed ex in the long term. liz: it wasn't enough for amazon to take over pill delivery, buying of a company that does that. of course it's going into all kinds of servers with the amazon web services. it's already dominating that. 275 million packages will be delivered, amazon packages, between thanksgiving and christmas, and i don't know, do you buy it? you just outlined the motivating factor. do you think they will create their own shipping and logistics company? they already have their vans. or do you think they will buy it? i have this crazy notion in my mind, i could just see them buying maersk or they have so much cash, could they pick up a portion of dhl? >> i think that's absolutely an option for them. they are going to buy things where it's appropriate, where they can fill in the gaps. once they meet their own demand and their own services, i wouldn't be surprised they start selling off their own shipping to other companies and just become another competitor here.
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this is something, amazon is a massive company now. they are everywhere. you mentioned a few, there's the whole ring doorbell situation that's going on with privacy concerns and it's becoming a little orwellian. we have to balance between convenience and just having a single company control everything. but amazon so far has been threading that needle. that's what's kind of scary here. liz: alexa can see you all naked. that's all i have to say. good to see you, daniel. thank you very much. peloton's tv wife is getting an even bigger surprise this holiday season. with 20 minutes to go until the closing bell rings, actress monica ruiz making a bold move into a whole new world of drama as the bike maker shares stage a comeback of their own. you don't want to miss this week's comeback kid on everyone talks to liz, my podcast. dave dahl was in prison four different times. he was a criminal. okay? life of crime. but he then got a job in a
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bakery and started dave's killer bread. it can now be found in 22,000 grocery stores all across the country and around the world. how he did it and some rocky roads after he became a multi-millionaire. you've got to hear this story. he's incredible. it's available on apple, google, fox news podcasts.com and yes, if you have an alexa, you can listen to it on there. "the claman countdown" is coming right back. with signs of opportunity. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. cme group - as a doctor, i agree with cdc guidance.
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woi felt completely helpless.hed online. 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.
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liz: silver linings story here. making the jump from the face of advertising's biggest marketing disaster of the year to the world of soaps. peloton actress monica ruiz better known as the peloton wife from the bike maker's much maligned holiday tv ad, now getting her hollywood ending. ruiz reportedly nabbing a guest role on the cbs soap opera "the bold and the beautiful."
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her episode is set to air sometime in late january. episode, single, yes. tmz reports the actress was paid a flat fee of $2,000 for her work on the show. all this as peloton shares are kind of staging a star comeback of their own, up 5.5% right now, peddling toward their highest close since short seller citron research made its $5 per share short call last week. the stock is at $33 and change. connell, i don't know, you know, gasparino so far is not accepting my challenge to come work out on my peloton. how about you? connell: gasparino won't work out on your peloton? liz: yeah. connell: hold on a second. you want gasparino to come over your house? that's the first thing. liz: no. i want our viewers to see him fail at it. lauren: you do it on a daily basis? liz: all the time. i love it. connell: if i knew going in you do it on a daily basis -- liz: you're jersey. come on. jersey people take challenges. connell: sounds like a setup.
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so coming up at the top of the hour, we will have karl rove talk about peloton. no, no, he's coming up. karl has some thoughts on independent voters and impeachment and what it might mean for 2020. we will talk about that and by the way, i told you yesterday, must be a day that ends in y so we will talk about records on wall street and wouldn't you know it, tuesday ending in y, records on wall street. top of the hour. liz: connell mcshane, thank you. i will get you on that peloton. connell: i don't think so. liz: why, for a nickel. from the c-suite to the silver screen, with the closing bell ringing in 14 minutes and the dow up about 48 points, it's a record no matter what happens as long as it's up. next, adam neumann, about to get the hollywood treatment as wework's top backer softbank gets a critical second look by one of its biggest investors. charlie breaks it next on "the claman countdown."
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not promise... prove. don't miss the final days. 0% interest for 48 months on all smart beds. ends tuesday. liz: well, adam neumann may not be heading for the ipo market, but his story is heading to hollywood. the saga of shared office space one-time darling wework and its founder now being made you knew this was coming, into a tv series. starring cousin greg from hbo's "succession." actor nicholas braun gets the lead role. adding to the wework saga today, charlie gasparino is hea sailinl for softbank's second vision fund. charlie? >> yeah. the sources were initially saying it was kind of a done deal, that the saudis were going to invest. remember, they were the biggest investor in the first vision fund. along with the abu dhabi private
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investment fund. i always threw up that name. the abu dhabi investment fund, $35 million, $50 million respectively. both funds are now balking at an investment. i'm not saying they won't do it but they are dragging their heels on this. they have not committed as of now to any. liz: why? >> the reason why is the man you said before, wework. we should point out softbank was essentially the patron for wework. ma son was one of the benefactors. they didn't like the way they handled it. even the initial investment, remember i think he put in about a billion and a half, softbank did, in february of this year before the big bailout came later.
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they were not comfortable with that. now because of what happened with wework, the impact that had on the first vision fund in terms of returns, what we understand is they are dragging their heels on an investment into s second position. now we have spoken with softbank. softbank gave us a comment on this and basically said this. fundraising is progressing as expected, as investors assess potential commitments to the second business -- second vision fund. they are telling us that, you know, discussions are constructive and ongoing. i will say this. i want to be real clear here. i'm not saying the saudis won't do it because we don't know what type of terms they may give them. you know, for a price, everybody puts their money in. remember warren buffett gave money to goldman sachs during the financial crisis. remember what he told you? i made $15 million a minute or something. liz: per minute. >> just remember, they may tweak the terms here on return that, you know, that makes it so
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appealing to the saudis and the abu dhabis that they almost have to put money in. but as we know right now, both are playing hard to get. they haven't committed. we have that confirmed. and i think you could say it's a good chance they are not going to put money in it. one,e hit to the fact they are softbank. that's a real problem if they can't get the two biggest anchored investors in the second one that were in the first one. anyway, ongoing story developing. we will have more as we get it. liz: will you get on my peloton or not? >> you know, i want someone -- what's the whole thing with the peloton lady, wife? i don't understand. liz: they said the husband was sexist for giving it to her. >> why? liz: it is very tough. why. that's mine, charlie. i challenge you. >> do you really? i'm afraid. i'm afraid to get on the peloton. did dr. evil ride a peloton? liz: five million revolutions.
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and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk liz: oh, boy. looking at my stock chart here on my computer. closing bell ripping in three minutes. while the markets are well off session highs. records across the board at least for now, the dow, nasdaq s&p. which is now up one point. any gain for all three, new records. we cue the balloons or the dollar signs or the confetti. let's bring in hennessey focus fund portfolio manager ira rothberg, five billion in assets under management. we're heading on holiday, driving in the car to grandmas, picking up the phone to call relatives, you have to come up
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with some matching stocks. >> yes. two stocks we really like are american tower and carmax. let's take american tower first. if you're driving down the highway, take my household for example, my kids are increasingly on the ipads, watching disney plus, hulu. my wife might watch fox business news. wireless demand in the united states is growing 30% more annual kegger. with 5g coming, wireless carriers increasingly invest in their networks. american tower has the largest portfolio in the united states and rapidly growing around the world. countries outside the united states are five to 10 years behind in terms of deployment of four g and 5g technology. we see years of good things ahead for american tower. liz: what about o'reilly auto parts? >> distributor of after-market auto parts and retailer. they serve the professional repair shops, do it yourselfers.
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average age of cars today is 12 years old. cars are going through more maintenance cycles. o'reilly provides best speed of delivery, professional repair shops, most knowledgeable customer to do it yourselfers. they have a lot of runway ahead of them as they expand across the united states. connell: where are we on the cycle? we're about to see three brand new all-time record highs. i see the s&p. it is scaling the flat line here. where are we in the cycle? >> i think the setup is quick good for 2020 and beyond. i think, now that we have this detente on the trade war front with china, it sets up well for the trump administration to prevail and, i think that will be encouraging for market participants in 2020. liz: we're asking everybody what is the 2020 power portfolio player? >> nvr is also a favorite portfolio company of ours. it's a top 10 homebuilder, with 2% nationwide market share.
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20% share in the occur market. [closing bell rings] liz: we'll put all your choices on facebook.com @lizclaman. brand knew records. two in a row for the dow. fourth in a row for the nasdaq. that will do it for the "claman countdown." connell: this is new normal on wall street. stocks closing at record highs. craziness if washington but on wall street dow up, up and away. 17th record close for the dow. 17th for the year. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." s&p 500 fighting for records at the close, appears to end in the green. there we go. we like that. it's a record. 30th of the year. both s&p 500 and nasdaq closing at record highs for the fourth straight day. we have fox business team coverage. hillary vaughn is on capitol hill. blake burman is live at the white house. gerri willis on the floor of the new york stock exchange. edward lawrence is on the ground
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