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tv   The Claman Countdown  FOX Business  December 20, 2019 3:00pm-4:01pm EST

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ashley webster, you know, you do it all around here, my friend. can you keep this rally going? i always put the pressure on liz. can you keep it going today? ashley: it's tough to follow the cp effect. i will put the aw mojo on it, charles. thank you so much. let's give it our best shot. ♪ here comes santa claus investors jolly as markets look at another record close. the nasdaq aiming for lucky number seven in a row as the dow and s&p 500 zero in on two straight record days. they only have to finish in the green, all three of the major markets, to set a new closing record. while the markets keep going into the stratosphere, boeing, well, coming back to earth after its starliner capsule had a bumpy ride into space and its top supplier also giving it bad news as well. apple reportedly looking to the great beyond to disrupt the entire wireless industry. is your iphone about to become a sat phone?
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we'll explain. "star wars, the rise of skywalker" racking up out of this world sales at the box office but will the dark side keep it from reaching the very top of the franchise empire? we will find out. it could be the gift card killer. if you still haven't bought that last-minute gift for your colleague before the holiday break, time's a' wasting. why not send an e-gift? the founder of it's on me is here to help in a fox business exclusive. less than one hour to the closing bell. i'm ashley webster in for liz claman. let's begin "the claman countdown." ashley: talking about merry christmas, we are now getting details of the pay package for alphabet's new ceo, sandar pichai. he's getting to the tune of $240 million in performance-based
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stock awards over the next three years. not bad. his take-home pay will be right around $2 million next year. but all of those incentives can really rack up. let's take a look at nike. those shares, well, have been moving. they started off the day lower and they stayed lower, right around a hundred bucks. even after hitting a record high as limited edition jordan sneakers fueled an earnings beat, but the athletic wear maker's growth was lower than expected in north america and that's been enough to put some downward pressure on it. blackberry, remember them, it's surging after a stronger than expected third quarter revenue report. the software company now up today, 11%. the stock, by the way, down 10% year to date. carnival corp's 2020 earnings forecast sailing past expectations. the cruise line operator raising the rivals of norwegian and royal caribbean shares as well. it's a rising tide. this is despite two carnival
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cruise line ships that collided in mexico this morning. there have been a few minor injuries reported as a result of that. record highs are taking over wall street. the stock surge on trade optimism. there are seven dow stocks hitting all-time highs today, including apple, microsoft, procter & gamble, visa, united technologies, united health and oh, yes, nike. not a bad day heading towards christmas week next week. let's bring in our floor show traders as the markets continue to hit record after record after record. how should investors prepare for the new year? let's bring in tim anderson down at the new york stock exchange. we've got a whole decade, tim, without a recession. so the question becomes, now what? >> well, certainly the market is just on a glide path higher, at least through next week. whether you are managing $2 trillion or $20 million, this is
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a performance game right now, and managers are just not going to sell a lot of stocks, if they think there's another 2% or 3% higher to go between now and the end of the year, the end of the decade, as you just put it. ashley: let's bring in ira epstein. ira, as the market continues to climb, are valuations getting a little toppy? >> everything is getting toppy. when everybody is saying how do i get involved in the market, reminds me of the real estate bubble. i haven't said that all year long but this is frothy. you are up, what, double digits nearly in the past three months. we are starting to get to the point where come the beginning of the year, you don't need a reason. you will just get a correction that comes in, you will wonder what it's about, and it will set in there. so you probably at the very end of the year want to take a little protection out, maybe using the vix or something of that nature. just think that way. everybody's one-sided.
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they are all bullish. ashley: phil flynn at the cme, wells fargo say they expect a 10% correction in the new year but my question is, so what would trigger that? because i feel like the u.s. economy is moving along just fine. we can get a trade deal, at least phase one, actually signed. the usmca trade agreement, all things seem to be pointing positively. is it just profit taking that once it's triggered will kind of lead to a 10% correction? >> that could be it. if we get it at all. sometimes when everybody's looking for that 10% correction is when you don't get it. you know, we have seen a lot of that over the last year or so. last time we came close to it of course was almost a year ago to the day, when prices were melting down. this year it looks like we're going to melt up the other way and it's going to continue for awhile. it may be some time. you know what, when you are an investor or trader, you can't always be worried about the 10% correction. you get prepared for it but at the same time, you don't want to miss out on what's happened
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because i think everybody this year has been waiting for that 10% correction and they probably have underinvested in this market. listen, if you are getting close to retirement, take some profits, no doubt about it. but if you are young, you are ten years away, keep on buying because i think this market still has a long way to go. ashley: yeah. it's almost the law of averages. we have gone 10, 11 years without a correction. it's going to happen at some point. tim, we should also remember 2020 is an election year. what impact could that have on the markets? people going to hold back, wait and see how it plays out? >> i certainly think the economic data we got over the last couple weeks just is clearly supportive of trump winning re-election and i think the market continues to build that expectation. today, you don't really have to have -- you don't have to be a ph.d. in math to understand that if incomes are rising half of a
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percent in november, spending is up .4% and inflation is only at 2%, the people's net worth is going to be increasing, they will have money to invest, they will have money to save, they will have money to spend, and that's just a very positive story going into next year. ashley: it certainly is. tim, ira, phil, thanks so much for taking time to join us on another record-breaking day. we appreciate it. here's a question. could apple's next great product be i-satellites? apple reportedly working on wireless technology to allow it to beam data from hardware in space directly to users' iphones. fascinating. eventually making it i guess possible to connect apple devices without ever using a third party network. is apple about to disrupt the entire wireless industry? we want to know. let's go to grady trimble in chicago with more on this fascinating story. reporter: hey, ashley. could be a ways away, but the idea here is that apple already makes the hardware so what if they were also responsible for the data we need to use this
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type of equipment, and if apple is able to pull this off, it could be a bad signal for the major u.s. wireless carriers. i mean, think about it. apple would be far less dependent on the likes of at & t, t-mobile, verizon, if its own satellites are able to connect us to the data we need to use the devices. bloomberg is the one reporting that apple has this secret team working on this made up of engineers in aerospace satellite and they want to have the technology ready to go within five years but this is an extremely costly endeavor. it could go wrong and it's still early on reportedly, so apple could just pull the plug entirely if things aren't going in the right direction. now, other companies have gone down this road before. sat phones used to be a big thing but they just never really caught on commercially. so again, apple could pull the plug but it's pumping money into things like this under ceo tim cook, billions of dollars.
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we'll see if it pays off. in terms of whether this is actually happening, this report, we asked apple and they apparently want to keep this secret team, a secret, because they are not commenting on it at all. ashley: it's fascinating, because you know, you think of the satellite television services which are great until it rains or there's a storm, then the signal goes out. obviously that would be a problem when you are talking about phone service. reporter: it actually has been a problem with phones in the past, companies that tried to do this in the late '90s for example had issues with the phones working inside. obviously we wouldn't put up with that with our iphones. ashley: we are so addicted, we wouldn't last five seconds. grady trimble, fascinating stuff. thanks so much. appreciate it. all right. let's move on. take a look at the stock of merck. a picture of health, you could say, as we head into the close. shares leading on the dow 30, just behind verizon. this after the company winning fda approval for its first ever ebola vaccine.
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merck up $152 at this hour. by the way, with just five days to go until christmas, how about telling your loved one it's on me. up next, we've got a startup that's looking to make plastic gift cards a ghost of christmas past. we will talk to the creator and investor in this gift-giving revolution. don't go away. "the claman countdown" coming right back. (brakes screeching) okay. so, today you're going to leave your phone with a guy named flip. (ding) but it's more than your phone, it's your business, your customer data, your sales figures. and who can forget, those happy hour selfies? not flip. (honking, gasping) this isn't working. introducing samsung business security solutions, with knox software. with the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isn't. samsung business solutions.
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male anchor: ...an update on the cat who captured our hearts. female anchor: how often should you clean your fridge? stay tuned to find out. male anchor: beats the odds at the box office to become a rare non-franchise hit. you can give help and hope to those in need.
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ashley: i don't want to panic you, but just five days until christmas, if you haven't noticed, two days until hanukkah. if you are still scrambling for a gift, "countdown" is invested in you. we got you covered. it's a company called it's on me, a gift card platform that allows you to buy a drink, a meal or even a round of golf at
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a local business as a gift that the receiver can redeem via the qsr code on their phone via an app. one of its investors is branded strategic hospitality. joining us, managing partner and co-founder jim frishling and joining us with the co-founder, i should say the founder, actually, of it's on me, david leibner. i want to ask you about your business in a minute but jim, let me come to you. you like to invest in these startup, i guess hospitality type businesses, is that right? why and then i will ask you why you were so intrigued with david that you wanted to invest. >> a fellow entrepreneur, first of all, loved the risk takers, love the folks trying to fill voids, solve problems and disrupt the status quo. i have been a long-standing member of the financial community. been privileged to be with fox business for almost a decade now. i moved from the true credit to revenue structure products in the public markets into the
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private sector and in part focused on hospitality tech because we are a restaurant group. we own restaurants. we feel we have a better understanding and insight into what really, what tech really solves the most meaningful problems for the hospitality industry and the restaurants. that's where we started to focus on this as an asset class deserving of our attention. ashley: you invested in david's company, it's on me. did it check all the boxes? >> it checked every box. first it starts with the ceo and david, like some of our other favorite ceos, comes from the hospitality business. he's truly on the side of the hospitality owner and operator. he's trying to drive -- we like to say he's trying to put butts in seats. his modernization and digitization of gift cards is a special platform for the hospitality and other industries. ashley: david, let's bring you in. you founded it's on me. you are doing away with the traditional plastic gift cards you go in and buy and send on and someone has to redeem them. explain how your business model
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works. >> well, you know, we found that people don't really have the opportunity to gift local, to support local businesses not just in their neighborhood and community but in any city community across the country. we built a platform that made it easy for businesses to sign up and start selling gift cards from their website and social media pages. restaurants are really where people eat and online is where they shop. ashley: it's not just restaurants. we mentioned golf. if i had a buddy in arizona and i wanted to buy him a round of golf, how does the process work? >> you can download the app or go to gift local.com and it will show you a marketplace you can choose golf, you can choose restaurants, you can choose fine dining, neighborhood gems, you can choose from all these categories by city or by type, and then you can choose a gift, buy the gift, send it instantly by e-mail or text, or print it off so you can stick it in an envelope and send it to someone. ashley: but it instantly arrives on the receiver's app and they can use that and go into whatever, you know, the clubhouse or the golf course and
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say here you go? >> yep. when it's time to pay the bill, show your digital gift card and they apply that value directly to the bill. ashley: i like it. when did you come up with this idea? >> about five years ago. we brought it to market and we slowly decided that we wanted to focus on local businesses because they were the businesses that define our cities and neighborhoods and these are the risk takers and entrepreneurs we should really support when we are choosing where to spend our money. ashley: so jim, let me come back to you. when you look at these companies and david, what are you looking for? if you had to give advice to someone who is in david's position right now, what's -- what are the boxes they have to tick? >> in terms of things we're looking for, it really is who is again solving not just a problem, who is selling medicine as opposed to selling vitamins. if somebody really has figured out how to do something better than we figured out ourselves, and the antiquated nature of a plastic gift card or the faxing of authorization forms -- ashley: faxing? >> it is so ridiculous that
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david has tapped into something that we thought not unlike how restaurants have outsourced making reservations or outsourced delivery. it is not unnatural just to focus on gift carding and david uniquely is modernizing it. in terms of david, i think he is a subject matter expert. david has lived and spent enough time in hospitality industry that he saw the wasted and missed opportunity so for any entrepreneur out there, if you are in your business and you see something missing and you think you can do it better, well, you can do what david did and prove it and do it. ashley: how many staff do you have? how has it been going? >> it's great. we are a real small company. we are four people. we have a couple thousand businesses around the country, all 50 states. you can gift someone from altoona to alaska. you can send a bottle of champagne or gift a martini made of bathtub gin. ashley: now you are talking my language. >> we make it real easy for people to gift local in real time. no one is going down to a restaurant anymore and buying a
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gift card a week in advance and sticking it in the mail to someone. ashley: i asked jim for his advice for startups. what's one thing you learned in this process? >> you really got to have a passion for the business. you can't go in thinking i'm going to make all this money. you got to go in and just -- you got to live it, think it, dream it and the only way you will be successful is if you think about it all the time. >> there is no off switch. you live it 24 hours a day. i started a business, it makes it real easy to buy someone a beer, say hey, man, happy birthday. ashley: can't argue with that. david, thank you so much. jim also. congratulations to you. jim, thanks as always for being here. we really appreciate it. we will continue to follow your progress, too. great idea. all right. let's take a quick look at the dow for you. up 124 points, 28,500 on the dow. right now, inching towards the closing bell. all the markets have to do today is finish in the green and it's a new record high close. now this. viacoacom cbs looking to add so
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more gold to its digital content vault, buying a 49% stake in miramax, the production company behind some of the biggest blockbusters of the last 30 years including "pulp fiction." shares, as you can see, up more than 3%. by the way, the wheeling and dealing not stopping there. coming up next, dish looking to help build out its coming 5g offering and guess who will break it? charlie gasparino. he's next on "the claman countdown." there's a lot of talk about value out there. but at fidelity, value is more than just talk. we offer commission-free online u.s. stock and etf trades. and, when you open a new fidelity brokerage account, your cash is automatically invested at a great rate -- that's 21 times more than schwab's. plus, fidelity's leading price improvement on trades saved investors hundreds of millions of dollars last year. that's why fidelity continues to lead the industry in value while our competition continues to talk. ♪ talk
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ashley: all right. we have some breaking news for you. charlie gasparino just sending this out minutes ago, talking about the s.e.c., looking at some of the listings of unicorns, especially first day trading. he will be here shortly to talk about that. but he tweeted this just moments ago. scoop, s.e.c. enforcement has
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opened an inquiry into the new york stock exchange over ipos and direct listings done by two direct market makers, citadel and gts. story is developing. will get more as i get it. so there you have it. again, enforcement has opened an inquiry, this is the s.e.c., looking into the new york stock exchange over those ipos, especially the unicorns and direct listings, by the way, another form of going to market, done by two direct market makers, citadel and gts. the story is developing and guess who is just about to sit down and talk about this, a really interesting development, charlie gasparino himself. charlie, welcome. what are you hearing? charlie: potentially big story. we should point out this is an investigation so sometimes they turn up stuff, sometimes they don't. there's a lot of rumors as to the exact nature of this, what is touching it off, was there some sort of price manipulation.
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we don't know any of that. we do know this. i will just give you some of the headlines. there is an inquiry, enforcement inquiry opened up into the new york stock exchange over ipos and direct listings of those two direct market makers. those are the two biggest direct market makers on the floor of the new york stock exchange. what is a direct market maker. in the old days if you placed an order to buy stock it got routed through your broker the a floor broker. floor brokers are generally not there anymore. excuse me, to a specialist, then to a broker. the specialists would make a price, make a market, sell it, that's all gone. a lot of it's electronic. stuff that's not electronic is done through something known as a direct market maker. that's sort of taken the place, it's a little different, i don't want to get into all the details, but it's a little different than the specialist. now, the specialists themselves came under plenty of investigation for sharing of information. you can see where this might go. was there any sort of
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information, proprietary, that was possibly shared. i'm sure the s.e.c. is going to look at that. by the way, again, these things often come out to be nothing. we should point out when the s.e.c. launched major investigations into the past, specialists after conviction, convictions were overturned. i have been covering this so long to tell you it's an investigation. cool your jets. ashley: this does not mean guilt. it's just, i will be interested to know what triggered this. charlie: there has been a bunch -- gerri willis has been doing some reporting on this. she's on the floor of the new york stock exchange. there was a lot of consternation about how certain ipos developed and were handled at the ipo. slack was one of them, i believe. so there's talk about those ipos just the way that came, the way it traded after it came out, you know, touched off some alarm bells. ashley: you mean something unusual in the price action? charlie: by the way, that doesn't mean anything's wrong.
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it touched off these sort of alarm bells. so the s.e.c. is obviously looking at this. i don't know all the ipos that they are looking at. i hear they are looking at five years' worth of information, just so you know, on this stuff. you know, if you think about it, if these are ipos and direct public offerings, you look for information from citadel and gts, again, the direct market makers, for five years prior, they are talking about like what type of banking information, what type of, what was the conversations going on when -- ashley: a deep dive. charlie: i'm sure we are going to find out as this thing develops exactly what they are looking at and we are going to get a better idea but right now, you know, this seems to be so wide-ranging, it's very hard for me to pin-point it. again, the best thing about this story, just to be honest, is we beat the "wall street journal" by five or ten minutes. i'm very happy about that. ashley: that's bigger news right there. charlie: right. but again, you know, it's an investigation.
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an inquiry. whatever you want to put it. the s.e.c. has sent down requests for information, from what i understand it's wide-ranging. apparently the document itself was in re nyse. ashley: interesting. charlie: so what that generally suggests is that gts and citadel is not under investigation specifically. it's the new york stock exchange that's under investigation. ashley: that's interesting. charlie: i have heard that, i haven't seen the subpoena. this is what someone told me who has seen the subpoena. in re nyse. now, it could be in re nyse involving -- ashley: a platform, right? charlie: you don't know. i don't know the conversations. listen, to get a listing on the new york stock exchange, there's lots of conversations between executives at the new york stock exchange, direct market makers, investment bankers. and then there's information that's spread and then there's how it trades prior on the
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private market and how it trades at the ipo markets and who might be benefiting through possible, you know, through breaking the rules. i guess that's the best way to put it. anyway, that's where we are right now. if i get more even on this late friday, even though i want to catch a train, go home and start drinking martinis -- ashley: you mean you haven't started? charlie: i haven't started yet. actually, this story just broke but we do have a big story on charlie ergen and dish. ashley: that was my next -- charlie: charlie ergen and dish, they are key to sprint/t-mobile merger. he's key to convincing judge moreno, federal judge, to stop the state ags from trying to break up this merger. if he can prove that he's really going to build out a fourth wireless network -- ashley: 5g network. charlie: 5g network to take the place of sprint which is merging with t-mobile, the antitrust case essentially goes away. now here's what a lot of this hinges on. we know charlie ergen had a private closed door meeting with the judge, with the state ags
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last week about financing. we do know that, because he has to get billions of dollars to pay this off, we do know that ergen is eyeing big tech companies to help chip in for this financing. we do know that he's eyeing google, amazon, apple to potentially come in -- ashley: they have the cash. let's be honest. charlie: help him finance. we don't know if they're going to do it. we don't know what the stage of the conversation is, has he launched it formally. we do know from people close to dish that those are some of the players he's looking to get the money from. ashley: he's basically trying to prove to the judge that i can build out this network -- charlie: by the way, i don't only have, okay, the banks that i have to rely on. i can create from what i understand strategic investors in those major tech companies. that's what i understand he's eyeing. now, how far along those negotiations are with those companies, i can't tell you. i can tell you that we begged them to deny this, each and every one of those, and nobody
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would deny it. we do know that what's in it for google and amazon, well, apparently you give him the financing, you know, a few bucks, but there's some access that you get to them. ashley: give him a leg up. charlie: give him access to information on the network. it's all involved in that. again, charlie ergen, key to this trial. another source of i guess financing which is key to his buildout which apparently he's eyeing the big tech companies. ashley: charlie gasparino earning his paycheck today and, by the way, a martini or two. i know you will run off and take up that offer. great stuff as always. appreciate it. let's bring up the dow, s&p and nasdaq, all up anywhere from a third to half a percent. all of them will close at record highs if it stays this way. now, the biggest name in rvs going along for the ride also. stay tuned for your fox business brief to find out why winnebago
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investors are hitting the gas this hour. and stars turning out to celebrate the final battle between the empire and jedi. will the box office be the ultimate winner as these warriors hang up their light sabers? that's coming up on "the claman countdown." cologuard: colon cancer screening for people 50 and older at average risk. i've heard a lot of excuses to avoid screening for colon cancer. i'm not worried. it doesn't run in my family.
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gerri: i'm gerri willis with today's fox business brief.
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shares of car max breaking down. higher advertising costs dragging on the bottom line as the nation's biggest used car retailer despite rising sales in the third quarter, kmx leaving it as a laggard. winnebago shares hitting their highest point in nearly two years. the rv maker putting the pedal to maker on sales and revenue in the third quarter. shares up more than 11% of their intraday high, now up 7.7%. kellogg snap, crackle and popping its way to a new high. bank of america merrill lynch double upgrading shares to a buy, giving shout-out to the snack maker for taking action to improve sales. the brokerage also boosting its price target by 42% to 75 bucks, saying a rotation from growth to value should improve the stock price. up next, why the final installment of the "star wars"
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narrator: dora knows the best place to edora: boots!e forest. dora's friend: she knows this monkey? of course she knows this monkey. narrator: experience nature. connect with family. dora: i love you guys! narrator: and find your own adventure. visit discovertheforest.org to find a forest or park near you. shd t ashley: the force is strong with "star wars." ticket sales for last night's premiere of "rise of skywalker" ranks as the fifth best domestic opening night of all time. the gift that keeps on giving. the finale to the george lucas created saga opening with $40 million in ticket sales in the u.s. and canada, and it's set to top $400 million worldwide in its opening weekend. impressive. but if you haven't gotten your tickets yet, you might just be in luck. our next guest is the co-founder of atom tickets, a movie ticket startup backed by lion's gate, disney and fidelity.
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those are some big names, that helps movie goers score their tickets ahead of time, which is very important when it comes to the "star wars" fans. let's bring in matthew bacall, executive chairman of atom tickets who joins us in a fox business exclusive. thank you for joining us. i was just looking at how you describe yourself. you say atom tickets is a movie going for the 21st century. how is that different from, say, fandango? >> thanks for having me. very exciting movie weekend. movies are all the buzz this weekend, the christmas season, which is great for us. it's all about going to the movies with your friends and family so we make it really easy to invite your friends along with you. you don't necessarily need to pay for them and chase them down later, just invite them along, they can buy their way and pick their seat. we also allow you to preorder concessions so you can order your coca-cola, popcorn, junior mints and they are waiting when you arrive at the theater. those are exciting features
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consumers are used to in other areas they consume food and content so we are trying to make it a little easier for you to choose movie going this holiday season. ashley: as we show the "star wars wars" footage on the screen, how are ticket sales? are they just flying out there? >> yeah, listen, they are pretty unbelievable. you know, 40 years in the making, the saga, this piece of the saga comes to an end and if you look at what jj abrams has created and the writer, chris theriot, it's an unbelievable franchise. for disney, who has had a remarkable year, six billion dollar movies so far, this is sort of the culmination of a wonderful year. ashley: have you seen it? i would imagine being, you know, the head of a ticket company, you got some tickets. have you seen "star wars" because the reviews, i spoke to someone this morning who loved it, i spoke to someone else who said it was horrible. where do you come down? >> i really love it. listen, the first movie came out, you know, again, about 40
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years ago, little bit younger than i am but not much, so i remember standing in line for "return of the jedi" in '83 and it's got such a great legacy. there's a lot of threads to wrap up. i think they did an incredible job. but you know, there's going to be some fans who are looking for more, looking for less, but for those folks, you have the mandalorian to explore on disney plus. there are other things to think about but it is a movie that really delivers. i think people will be pretty happy. ashley: i know the "star wars" franchise, the "avengers" franchise are coming to an end. how much are you battling the streaming forces out there? because a lot of people love to stream, they binge-watch, they don't want to get up and get in a car and go to the theater. >> yeah, absolutely. it's a great question. look, last year, about 1.3 billion tickets were sold in the u.s. the year before it was 1.2 billion. this year, it's about, you know, 1.22 so far. we will see if we get to 1.3
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again. what i say is it's a pretty tight bound in terms of how many people go to the movies every year. it's still by far the most popular form of home entertainment. people love going to the movies. they love streaming as well. obviously netflix, amazon, disney plus soon to come, hbo max. these are big services with great content as well. but generally, what they found in these studies is that the most frequent streamers are the most frequent movie goers. it's the same person, maybe on a tuesday night they like staying home with my wife, kids, date, but friday night i like going out with my friends and family, going to a movie theater for a night out. ashley: some movies just have to be seen on the big screen. are you just operating in the u.s. or do you have plans to expand internationally? >> we are in the u.s. and canada today and we have thoughts on international but obviously the u.s. is such a big market for movie going, there's a lot of stuff to be done here. digital ticketing is still in its relative infancy. only about a third of tickets were bought digitally last year. so when you think about what you were saying, for certain movies,
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but now that movie theaters have upgraded to reserved seating and such, it's easier to book in advance. we see that digital purchase channel growing just like it has for other goods and services. ashley: congratulations on atom tickets. obviously there's plenty of people out there, especially "star wars" fans who want to go to the movie and watch everything on the big screen. we wish you best of success for the future. thanks for joining us. >> thank you. see you at the movies. ashley: you will indeed. i love the big screen. boeing's bumpy ride. we will get into that. the closing bell ringing in just less than 15 minutes from now. as for boeing, as if the 737 max jet problems weren't enough, boeing getting blasted by investors after its starliner mission to the international space station, well, it failed. the details on the aerospace giant's latest stumble coming up next on "the claman countdown." imagine traveling hassle-free with your golf clubs.
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people are very dangerous when they invest. they jauust want to play the market. that's a dangerous term. do your research, look at the balance sheet. you can find out this company has lots of debt, no cash, is in trouble, should have known it. little bit of research. people put $5,000, $10,000 on a party, that's dangerous. ashley: fascinating stuff. fidelity management chair peter lynch, catch the interview on barron's roundtable at 10:00 p.m. eastern only on fox business. meanwhile, boeing hitting
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new turbulence. with less than 15 minutes until the closing bell, we are still moving much higher on the major markets but as for boeing, the aviation giant's dreams of entering a galaxy far, far away dashed this morning when its starliner capsule failed to reach its intended orbit. the unmanned test flight was seen as a key step in winning the race to send humans to the international space station and if that weren't enough, boeing facing two new dramas on the 737 max front. its top supplier, spirit aerosystems, suspended production on parts for the grounded jet fleet starting january 1st as a timeline for the jet's return to service essentially remains in limbo. then this, as united airlines announced it will be pulling all the 737 max flights into early june now, two months more than both southwest airlines and american airlines, who have taken the jets off its schedule through april. i have just been handed this piece of paper as connell
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mcshane joins me. it's a leaked copy of santa's list. you are on the naughty list. i find that hard to believe. in fact, in bold letters. what's going on? connell: when we come up at the top of the hour, we will have another record market it looks like. the nasdaq, it's seven in a row. most fridays after the bell we have steve forbes on. he's coming on today. i don't know if he wants to debate last night but lot of people thought joe biden had a pretty good night and he may have. he made a comment on the economy that was rather curious, saying that, you know, people essentially don't like this economy. the numbers as you know tell a different story. we will talk to steve forbes about that. now, he may have handled a similar question back when he was running for president. that's all coming up top of the hour. after the bell, ashley. you didn't mention where you are. ashley: i'm not on the list. i'm not sure what that means. i'm a little disturbed by that. connell mcshane, great as
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always. see you at the top of the hour. thank you. the closing bell ringing in about eight minutes or so from now. up next, a santa claus rally doesn't technically start until next week but today's "countdown" closer says kris kringle already in the house. "the claman countdown" 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.
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take a moment to send a piece of home to our nation's heroes. because even the smallest gesture can lighten the load. be a force behind the forces. visit uso dot org slash holidays to send a gift of home to our service members. >> the tilting will now bringing in less than five minutes for the dow and s&p 500 about the closed at record levels for the second day in the rope or the nasdaq is lucky number seven. at about a third to a off a percent and take those look at this bird the dow is up one and a quarter percent in the s&p up one and three quarters and check out the tech heavy mess deck up more than 2 percent for the week. my own mind. let's go now to jerry levin for the new york pocket change. look at some of the week's biggest movers jerry brady. >> this right it's a great way to be in investor. big winners on the nasdaq.
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let's talk about tesla. it's a good day to be in on most likely. shares of that stock have been 405 in tilting in it for 20 area. that is the loophole that he be wheeling to take the company private. getting squeezed here. that's what you think that stock continued to go higher. and netflix higher as well. strong international growth is much as 18 percent seen by analysts. that pushing nasdaq higher. western digital, a critical chip stock, and less they're staying is the five g opportunity. that's really going to push that company sells higher. now nasdaq the losers, and shine, cbs, nascar, ceo cso, stepping down, gary diller running at the company now and expecting some assets like possibly chicago being sold. let's go to s&p winners and losers. brands hitting a one year high. duncan hines hayes, as you know,
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up 19 percent after sean second quarter earnings. talk about netflix earlier. s&p losers here, iss, international flavor and fragrances, somebody's going to pot nutrition biosciences. for over $26 billion. jp morgan having their price started. fedex, we talked about this all week long, lower 20 guys back to you guys. >> tough week for fedex no doubt pretty think you so much for the stock exchange for the santa claus really is the last five trading days of december through the first few days of january. but today's countdown closes said it's coming early for investors. it is here to stay. we're joined by global advisor jason desmet strategist michael on running. michael thank you for joining us. okay, we've got a bump in the in a recession and a decade now. what is going to happen next. in these numbers keep moving up. >> is certainly seems like the
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u.s. stock investors are on santa claus news nice list. i do think that we've got a lot of presence here in december. clarity on the u.s. china trade, u.s. mca just past were moving forward with johnson plan. governments going to spend $50 billion more a year-over-year. in the feds giving us clarity on what they're going to do next year. in markets are celebrating. i think the risk to this is that we haven't had that he for you, the typically represents market pots. that's a good think. but we could start to see if we start railing higher and higher. going to need to see the earnings. and the acceleration of global growth to keep his rally going. >> all right, which sectors do you like in this environment. >> i still think you have to stay with sectors that are poised for growth. because the economy continues to just chug along. it is slowly but with low rates and low inflations and a low cost of capital, companies that can generate high rates of growth, will you need to be.
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so for my perspective that is technology, financials and healthcare are the tiki sectors for investors moving forward. >> wells fargo says they are expecting a 10 percent correction. i think this probably based on the law of averages but what would that precipitate that kind of correction. >> i think that if we start to see a kind of re- escalation of u.s. china trade, or if the earnings don't begin to reflect better growth rates. so what is happened here, that investors have been wheeling to pay a higher price today, for future growth. if we don't get the future growth, i do expect chairs to reprice to reflect a less economic growth reality. our lower earnings growth reality. so that's going to be key and especially in january join those earning figure start to come through. his stomach looking at the fundamental spread michael thank you so much. it looks like you going to finish out another record-breaking day. ho-hum mike. wall street dropping the balloon
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so yes. claiming the countdown. mccain going solo today. he will be picking it up after the val. ending the week with records, on wall street all three of those major bridges tilting at new highs today. trade optimism is back after president trump set a formal signing between the world news two largest economies is now being range and the dow settling hired now by 77 and 78-point spread second straight record close for the dow, same for the s&p. also tilting in record high. it is the seventh record in a row for the nasdaq. seven in a row. long string of records in almost three years so good to be with you. i'm, like jane. this is after the bill. melissa does have the day off. the fox team member coverage help with jerry willis on the floor at the new york stock exchange. the newsroom is forest and

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