president trump is going to use this issue to drive his base. charles: well, it is great having you on. i believe nancy pelosi is going to send it to the senate sooner rather than later. john, thank you very much. we're up 113 points as i hand it over to kristina partsinevelos in for liz claman. >> charles, thank you very much. merry christmas if i don't see you tomorrow. charles: okay. >> thank you. we have santa's elves packing up new records in kris kringle's sleigh as investors cheer china's move to pull back on tariffs on products, everything from pork to semiconductors. markets set to close at all-time high. it will be eight straight record closes for the nasdaq, the longest stretch in 21 years. but someone may be on santa's naughty list, boeing's ceo fired for his handling of two deadly 737 max jet crashes. we will have that coming up. tesla today hitting the magical

$420 per share high, a number musk famously tweeted about to take his company private, but will he do that in the new year? why our expert thinks tesla was the most underrated stock of the year. plus we will take a teen dive on the january effect. will the new year go to pot or is growing weed is the growth prospect of the new decade? we're less than an hour to the closing bell. i'm kristina partsinevelos in for liz claman. let's start "the clay claman -- "the claman countdown". ♪ >> we have a fox business alert right now. the sec has set its sights on bmw investigating the luxury car dealer for suspicion of sales punching. what does this mean? it means that when car dealers artificially increase sales by registering new cars as loaner vehicles, which makes them

appear as sold and then resell them as used. bmw says it is cooperating fully with the investigation and declined to comment any further. shares of bmw you can see down over 1.5% at the moment. and sticking with cars, it is a win for uber. a new york state judge ruled in favor of the raid-hailing service -- ride-hailing service in a lawsuit against new york city. it ends a new rule limiting how much time drivers for ride-hailing services can spend cruising manhattan streets without passengers. not all good news for the service. a key bank report shows how new riders for both lyft and uber declined by 2% last year, that would be total riders. key bank went on to say that lyft decline probably has more to do with limited expansion and less aggressive promotions. you can see shares of lyft down almost 5%. definitely a big mover today. one of the biggest movers we're seeing in the market is coming from cincinnati bell. the stock spiking today, up

about -- look at that, 35 -- over 35% after announcing it will be acquired, in a deal worth 2.6 billion dollars. cincinnati bell owns and operates a data transmission and distribution network serving 1.3 million households in cincinnati, ohio, and hawaii. the deal is expected to close before the end of 2020. and also jumping on a new deal, apache corp. spiking. look at that, up -- over 16%. the oil and gas exploration company just signed a deal with french rival total to develop a project off the coast of -- [inaudible]. that total would give apache a bonus of 100 billion dollars when the deal closes. earlier this month, that company lost 17% over two days after a progress report on its first name well. boeing is a big mover on the dow, helping lift the dow up sky high up 2.87%, up $9.46 this is

on news right now that the current ceo or no longer the current ceo dennis muilenberg was sacked by the company. chairman right now david calhoun will be the new man in charge as of january 13th. that is the incoming boeing ceo. you are seeing him on your screen right now. under muilenberg's watch, though, which began on july 1, 2015, boeing stock has actually jumped 130% -- or 136% over that time. you can see quite a huge jump under this leader that has now been sacked by his company. we're going to go to grady trimble right now for a breakdown as to why this happened and what this means for the company going forward. grady, thank you very much joining us. >> over his tenure, the stock went up but over the last six to eight months it's been going down after the fallout from the 737 max crashes, one earlier this year. after that crash in march, the plane is still grounded, so no doubt the top of the to do list for the new ceo is to get that plane back in the air.

boeing is still working with regulators, the faa in particular to get that plane back in the air. the company, though, announced last week that it's halting production of any new 737 maxes. as you know, how we got here, dennis muilenberg had come under fire for his handling of the max crisis. critics say the company under its former leader was too cozy with investigators, when getting the plane to market, and then after that, after the two crashes, wasn't transparent enough about the company's partial responsibility for them. the company says new ceo david calhoun will bring a renewed commitment to transparency and better communication. and you can see, boeing's stock is up today. calhoun, a little bit of his background, he's been on boeing's board since 2009. he's currently an executive at the private equity firm blackstone, and he spent 26 years at general electric working specifically in aircraft engines and transportation. so certainly someone who is qualified for this job.

as for muilenberg, still waiting on the details of his severance package. we understand he could receive a reported 39 million dollars payout. kristina? >> thank you very much for breaking that down. we will continue to talk about this story going into 2020 and we will have you to tell us what's going on. thank you. >> you bet. >> boeing not the only thing bost boosting -- boosting the markets. china announcing lowering u.s. tariffs on 850 products starting january 1st. while we can expect low trading volume during this shortened holiday week, don't forget what happened last december 24th when the dow plunged more than 650 points and the s&p saw losses of 65 points. both coming close to bear territory. this was literally a year ago. and yet even with that crazy movement, the s&p 500 rose 2.9% during the christmas week last year, which was its best christmas week since 1998, when it gained 3.2%.

so with new records in sight, can the s&p 500 surpass its 1998 christmas week performance? or will the grinch show up to ruin the christmas party? to the floor show now, at the new york stock exchange, we have thomas hayes. at the cme phil flynn in middle of the screen and also chris robinson. thank you gentlemen for joining me today. chris, let's start with you right now. i want to talk about the low volume that we're seeing on the markets right now. if our viewers are watching, should this be an opportunity to get in, or should they wait until january comes? >> unless you're a professional investor, you should not be involved in this market until after the first of the year. you know, historically this is -- you can have some very very toppy trades, and i would wait, you know, enjoy your holiday. there will be plenty of time to get after it at the first of the year. anyone who is trading right now quite honestly is trading because they have to, because they had a bad quarter or something like that.

90% of the people who are still trading right now are professionals. i would say keep your powder dry. we're going to have a correction; right? you talked about the point correction. with the dow at 28,500, you know, a 5% correction is 1400 points. is that 1400 points going to happen in one day? is it going to happen in a week? i don't know. but we are overdue for that correction. it is going to come. i think for your viewers at home, you know, that's where you want to be ready. if we get that dip, then you want to look because you want to buy on dips. if you are a long-term investor, 20-year horizon, you have some stocks you want to buy on a dip, that's the way i would handle it. >> chris, you've just said you have a little bit hesitant going into 2020. thomas, i want to ask you this. you have less bad global growth around the globe. starting to see the deescalation of trade tensions. a lot of cash on the sidelines that will reenter the market. could this be an opportunity maybe to get some of the gains

in january? >> kristina, there will be no grinch this year. they took him behind the barn last year and shot him after such a tough december. >> woe! >> you have taxable investors, they have no reason to sell here. they are going to hold over to january. you have active managers as of friday. we're still underweight. national association of active investment managers had them at 78.8%. they have got to chase into the year end. you have earnings estimates of 9.6% earnings growth. you have a healthy rotation. we're now getting some money into energy and commodities. when i was on last month, i talked about energy. we're up 18% in the last three weeks, rotating into energy, e tth the -- for 2020. with this china deal better than expected, what could happen is earnings guidance could go up in coming weeks as we get into earnings season. the grinch is dead. we've got some good days ahead of us. and then we'll see what guidance

looks like in january. will we have some volatility and profit taking? that's possibly true, but on balance we're in good shape. >> i love how the panel right now i chose to go to the opposing ends and you have phil flynn in middle. given what you have heard from our panelists and going into 2020, you saw the tech sector outperform the s&p 500. the tech was up 47% just this year alone. communications up 32%. can this really continue heading into the new year? and like thomas just said about earnings growth, i don't know, do you think this can continue this ride? >> i think it can. i'm still upset about the grinch. i mean oh my goodness. that's horrible. >> a visual; right? >> i know. poor guy. yes, it can. you know, i thought it was very interesting kristina you brought up the big news about apache. we were talking about apache last week, the energy firm. everyone said it was terrible, the worst performing stock of the entire decade for the last ten years and then all of a sudden, wait a second, we got

good news on the worst performing stock of the decade. total, the french oil company is coming in and working on some of these big plays. that to me is a sign that when you're seeing the weakest sector starting to turn around, that means that this market is for real, and i think going into next year, i think energy could be the one that can really carry us into the new year, but i like tech. i like everything else. i like everything else your other guest said except about the grinch. other than that -- >> phil i like how you pronounced everything better than i did when i first opened the show. thank you for doing that. >> they repeat it to me ten times a day. that's why i know. >> i did read a vanguard note saying there's a 50% odd of correction in 2020. that also means 50% of it not happening. i love this panel because it was well balanced, thomas, phil, and chris, thank you for joining us. >> thanks. disney among the biggest drags on the dow 30 today. the debut of "star wars: the

rise of skywalker" over the weekend pulling 375 million dollars at the global box-office. but in a galaxy far far away, that's the disappointment, falling fall short of the 517 million dollars "the force awakeness" brought and the 450 million dollars of "the last jedi". disney up nearly 34% this year alone, but today it is down about 1.5% at $144.68. up next, though, will the fed's low rates spark a record year in real estate as homebuyers look to begin a new decade in a new home. we'll ask a ceo in a fox business exclusive, when "the claman countdown" comes right back. than you.

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kristina: november new home sales numbers out, and we're seeing 719,000 homes, that's up 1.3% over october. a sign that maybe low mortgage rates are pushing up purchases and prices. the median new home price sales is nearly $331,000. that's up compared to last month and up about 7.3% from a year

ago. our next guest says it is just the beginning. 2020 is going to see new records for housing. let's bring in our next guest, in a fox business exclusive. thank you very much for joining us. let's start with what to expect going into 2020. why you believe this will be a record year for housing sales. is it all have to do with the low interest rates? >> good afternoon. thanks for having me on the program. the difference -- the interest rate environment is a big plus, versus a year ago, the fed was raising interest rates and coupled that with the prices that were raising at the same time, you had a very bad combination for affordability. now at least interest rates are coming down. prices are still escalating. so that's a helpful sign that more people will be able to afford homes going into 2020. the most important thing about housing is that it is now a pillar of strength for the economy. it is now a pillar of strength for the consumer. it's fostering very strong

consumer sentiment, and if you compare that to where we were just ten years ago, when the bursting of the bubble in the for sale housing market and all the bad loans that basically were bringing down the financial system, were dragging down the entire u.s. economy. that's a significant contrast today versus back then. also what's most important is look at the housing. people aren't just buying homes. they are renting. we are seeing strength in the rent market far exceeding the sales. builders are facing very high construction costs, rising land costs and cautious lenders. lenders aren't as willing to lend as a speculative basis. it makes it slower on for sale housing side but generally speaking positive for housing as a broad sector. kristina: you mentioned several factors that can contribute to the continuous increase in costs. for example, more people renting. they want the high-rises. that makes it already more or

less affordable in major metropolitan cities. then you tag in the construction costs that continue to increase. how is that helping the shortage that we've been seeing? >> well, it's not. to your point, a lot of demand and what gets a lot of the attention is the high end more high-profile, high-rise, and mid-rise new properties that are built, whether they are high end condos or apartment rentals, but the real housing, the vast majority of americans that rent, rent older apartments that is much more affordable. there's no new supply going into that sector, where you have the highest degree of demand, so a lot of clients all over the country are buying older apartments and they are improving them. they are rehabbing them, adding, you know, a little bit of an improvement to the common areas, as well as unit upgrades, and that makes it a very good investment in the sense that people can still afford the higher rents but not nearly as

expensive as brand new construction. the cost of construction is a natural barrier to the business, for sure, but also this notion of affordability where employers can't add jobs because their employers can't find affordable housing. this is becoming more of a phenomenon across the country. >> we often like to joke about millennials not entering the markets because they are too busy living in their grandparents -- or sorry their parents basement which we know can sometimes be overexaggerated but could this be the moment we start to see more and more young people entering the market, and if so, how can they afford to do so if you have just listed these issues? >> i think that finally the effect of low unemployment or trickling down to entry level jobs, we are seeing incredible demand for student housing because of the enrollments at colleges have been at record levels, and so a lot of the more educated younger workforce will now find jobs going into 2020, more so than the prior few

years. that's a very positive for apartment rentals, first time renters, as well as first time buyers. most of them are going to opt to rent, probably with roommates or others that share a house, but we should see some relief of that pent-up demand from young people living with family. we're also seeing a lot of strength in manufactured home communities, people who really can't afford higher level rents or are renting more mobile home parks and units in those types of communities, they have been on a tear over the past 12 months. the affordable housing sector of the rental market, where you have a lot of hud financing and tax credits that are available to developers, they are seeing tremendous demand as well. kristina: like you pointed out, it is good to see times have changed in terms of how the housing market can help the economy, versus just a decade ago. thank you very much for joining us. >> thanks for having me on. kristina: okay. let's take a break right now. the dow up 107 points -- 107

points. but one of the bigger movers of the day, that should an understatement, it is up a whopping almost 195% at $36.60. if you got in, i'm sure you are really happy right now. this is after the food and drug administration approved its schizophrenic drug. the stock more than tripling and one of the most actively-traded today. and if you missed this next stock, the january effect, we're going to be talking about that because your portfolio won't go up in smoke, but the growth of pot could be the next mover as the new decade begins. we're looking ahead to the january effect and how you can have a truly prosperous new year. "the claman countdown" is coming right back. you don't use this old thing, do you?

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company getting a new ceo. buffett has tapped a new leader of berkshire hathaway's division. in addition to running geico, he will continue to manage 14 billion dollars of berkshire's investment. geico is the second largest auto insurance company has the best commercials, that's my opinion. he begins january 1st. berkshire is slightly lower today. that's a drop of over $1500, definitely some movement, but let's move on to talk about how we can wind down 2019 and prepare for a new decade to begin. we have several prominent traders that are looking ahead to 2020's january effect. what's that you might ask? it is a rise in stocks in early january that are brought on by the buying of securities sold in december. usually that happens for tax purposes. if you want to get ahead of the game, our next guest is here with some tips and tricks on how

to help grow your investment portfolio as we approach the new year. trading chief strategist is joining us now. normally we see you at the new york stock exchange. this is a nice little treat that you have come into the studio. let's talk about the january effect that you -- actually think highly of and historically has done quite well. why is that? >> traders look for this each year. it is different each year depending on what the market has been doing. the s&p is up i think 26, 27 percent, there's not a lot of sectors being down. how the january effect works is a lot of these sectors, investors, hedge funds, everyone wants to take a loss there. they just start selling it indiscriminately. they might own it. they don't care where it's being sold. they are saying get this off my books. i need to count it off against my gains so they sell it so there's a lot of pressure there. once you get into november, december, some of the selling stops. the pressure eases.

and then traders like me who want to look at different sectors that might be an opportunity start accumulating it because come january 1st, they can't sell it for a loss and come mid january they might buy it back higher not caring because they just sold it. they didn't want it to be shown and that adds buying pressure versus selling pressure. kristina: we have a range of investors that watch this show. for somebody that's maybe newer to the game, how would they be able to find out which sectors have been really pressured, sold off to your point so that they can take advantage of this rally in january? is there any particular areas that you're suggesting right now? >> yes, i'm looking at the wellness sector, some people call it the marijuana -- kristina: what do you call it? >> i call it wellness. it's been battered and bruised. a lot of the money came in to start the year, you could have bought them high and sold them higher. for the past nine months -- >> so many puns right now; right? >> buying them lower and getting upset, you know, maybe using

those products -- kristina: is that what happened to you? [laughter] kristina: that's a joke. >> i like an ipa here and there. as far as the sector, a lot of stocks have been down. i want to talk about etfs for the wellness sector. the symbols are mj. you know, a lot of individual investors don't want individual stock. they don't want the risk of it. sometimes one name will have extra headlines and not go up with the sector. if an investor wants to get in on it, they can buy the mj. i think it is trading somewhere around 17ish. i do think that from 35 down to 17, i think it was even as high as 45 in the past year, i think you could accumulate it somewhere near -- kristina: $16.95. you have just talked about how low it's fallen. if we're talking about the wellness market as a whole, you had regulatory issues in canada. the black market is still thriving here in the united states.

so isn't that worrisome for you? >> it was worrisome if you bought it six months ago and got put under water. at this point i think we're looking at glass half full with a bit of a rise because again, you have no more mechanical selling. plus people are starting to talk about wellness 2.0, cannabis 2.0. you also have i think more states voting on whether it's going to be recreational. i think 10 or 11 states now in the u.s. it is going to double that. sentiment is going to lift. i call this a treasures for trash trade. you have one group that's in someone's trash bin. if you didn't get buy it and get caught in it, you could buy it here. it is not for everyone. if you go with etf and few select names you could set yourself up for nice gains in january and february. kristina: wellness sector. what about beaten down ipos, how should we take advantage of that going into 2020? >> the same situation, ipos that were mispriced. the investment bankers putting them way too high with crazy

valuations. anyone who bought them in the past multiple months is under water. i need to take some losses because everything else is up like my apple, tesla and microsoft so they are selling it just because they need losses. i'm looking at beyond beef -- kristina: beyond meat, yeah. >> just kidding. the alternative. this stock was north of 200. at this point it is trading around 77. kristina: need to prove that it is going to be profitable going forward with that; right? uber has hit some lows over the past three months. >> again, we're talking about a trade. we're not talking about a fundamental thesis. and beyond beef as i always keep calling it the wrong name, i think around 77, you can get some type of bounce up towards 100. that's a nice percentage gain. i think traders that want a defined risk they can do a call spread. uber is getting a lot of negative press. the founder, what, he's almost 90% out of the stock. that's been selling pressure. besides tax law selling pressure. i think right around here $30, i

think uber is a great trade. not to go back when it came out with a new issue, but at 10, 20 percent -- kristina: short-term. >> short-term. these are cash flow opportunities for the professional trader and for the active investor that pays attention. kristina: and pays attention to "the claman countdown" because they are getting these tips. thank you for joining us in studio who is normally at the stock exchange. it is another record day, the dow, look at that, up 113 points. the s&p up 4 points. the nasdaq up 23 points. across the board, we are seeing green. elon musk trolling the shorts on twitter after tesla's stock hit $420 per share. yes, that is the famous number the ceo cited in the infamous funding secured tweet for taking his company private. could that happen in the new year? and tech entrepreneur john meyer is here to look at that as well as tell us why he thinks tesla may be one of the most

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kristina: elon musk electric empire is taking out a loan from china. tesla and a group of chinese banks have agreed to a 1.4 billion dollars loan, that's over five years for the automaker's shanghai car plant. this news comes as tesla prepares to roll out deliveries of its china made model 3 sedan in the country. tesla has topped $420 per share. the stock is now at $418.20.

our next guest is a tech analyst and computer scientist who thinks tesla is currently the most underrated stock of 2019. star ship capital managing partner and millennial tech advisor john meyer is here live with his take. john, thank you very much for joining us. let's get straight into why tesla is underrated given the fact that the short sellers out there love to disagree with you. >> great to be on and happy holidays. there are three components to why i strongly believe at this point tesla is not only underrated this year, but is the most underrated tech stock going into 2020. the first is that they have a truly unbeatable lead in battery technology and battery manufacturing, which you see they are now scaling up even more so in china. the second, and i can get into more detail later, is a massive head start in autonomous vehicle technology, led by very very

significant developments with artificial intelligence, machine learning and a massive amount of training data that tesla has that will enable them to turn their vehicles into essentially robo taxis in a few years, which transitions tesla from a very traditional automotive company to what really will become a transportation as a service company, a company and a stock that will become far far more scalable, and so that is one of the reasons why it's quite underrated today, and then lastly is there entrance into subscriptions. tesla's now also becoming a subscription business. you can pay them monthly to get, you know, extra access in your cars. you can pay them flat fees to get upgrades in your acceleration. these are all 100% profit margin purchases that again all lead to the tesla stock being a dramatic, great buy at this point. kristina: the trade war we often focus on ip theft yet we have

tesla an american company that is joining forces, getting a loan from china, should we be concerned about any type of ip theft or data being leaked over there, given the american consumers that buy the vehicles? >> it is a concern. however, i think tesla has managed well with their internal security as it relates to ip, at least when it comes down to employees and executives dealing with their trade secrets. that just comes from information i hear directly from insiders at tesla. however, in the grand scheme of things, i think tesla opening these factories in china is an absolute must. you know, 60% of the entire world's electric vehicle demand is coming from china, and the biggest thing preventing china's market from increasing are fantastic electric vehicles, and tesla is in the lead there, especially with the battery technology which eases that common range anxiety that is normally present when purchasing

these cars. kristina: you are very optimistic about this company. the 420 and the fact that musk has talked about taking the company private, what do you see for that and the significance behind this? this is a tweet from today, woe, this stock is so high, lol. >> sure. i'm very glad the ceo is not making price predictions anymore. i don't think he will do that again. i think at this point he's really playing games on twitter, trolling the trolls, trolling the shorts. at this point, you have a lot to be worried about if you are shorting this stock. there's far too much -- i don't think tesla will be going private because there's far too much upside at this point remaining a public company that the worse is behind us especially with their manufacturing troubles which have all been solved. kristina: thank you very much for joining us. we appreciate it. thank you. we'll be coming right back on "the claman countdown".

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only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ kristina: time to place your bets. sports betting giant draft kings is becoming a public company amid a triple merger deal creating a new 3.3 billion dollars company. blank check company, diamond eagle acquisitions spiking on the news, it has agreed to buy draft kings as well as gaming tech giant sb tech in a 2.07 billion dollars deal. diamond eagle will change its names to draft kings inc., reincorporate in nevada while remaining on the nasdaq under the new ticker symbol. you can see right now diamond up 6.3 pbt at $10.81 -- 6.3%. the deal is expected to close in

the first half of 2020. that's why we're going to keep the sports theme going with after the bell's connell mcshane who is here. connell, i have been told you're a big sports fan and you're actually a jets fan, but i was also told that jets fans are never happy and that's because what is it been nine years since anything significant has happened? connell: i would have thought brad would be off today from producing, but i guess not. that's a disappointment. that's really really a horrible introduction, kristina. liz never does this to me. kristina: i think you are great. you have been here forever. your audience loves you. connell: yes i'm a jets fans and been nine years. i read it is the second longest drought in their history of play-off disappointments. whatever. something that won't make me nervous in the new year worry about who is winning in the play-offs. coming up at the top of the hour, we may have some records on wall street to talk about. we will talk about that. but the other thing, it's really interesting, everybody and their brother of course is travelling

over the next few days, the next couple of weeks really and triple a put out some numbers saying this could be the biggest travel season in like 20 years. anyway, long story short, we will have a guest on that has some tips that they have come up with so you can avoid what these people are going through on the screen here, a travel nightmare, like my sports nfl nightmare. we will try to help people. that's what we do, try to help people after the bell, kristina? kristina: i told you, people like you. connell: thank you. i will take that. kristina: i redeemed myself. connell: sort of. >> i'm a cowboys fan. they are not doing so great either. getting back -- kristina: i don't need to introduce you. >> going back to the whole gambling thing, i miss the days, nostalgic my youth, when you wanted to sports gamble, you went to a deli and i gave you a ticket -- and they give you a

ticket and you handed them cash. that's the way they did it in the old days. it worked perfectly. kristina: maybe in your mind. you benefitted from that? >> my dad made a lot of money with those guys. kristina: okay. let's give you the proper introduction because we're going to pivot from sports. charlie gasparino broke the news on-line and everywhere else that the sec was investigating the new york stock exchange. a different angle. over the recent slack listing and other unicorn ipos. >> slack was a direct offering. kristina: direct listing. >> they don't issue more shares. it is the outstanding shares that are private, become public immediately, and you get a listing. you don't have to underwrite it through a bank, which would issue more shares and that's an ipo. kristina: it was supposed to be what $26. came out at the gate at 38.50. >> this is really interesting. this has the potential for being probably the biggest investigation that the nyse has faced since the specialist probes over the early 2000s where, you know, kind f upended

the whole system of how the new york stock exchange did things, the specialists the guys on the floors make markets in various stocks how they handle orders. the specialists have been replaced by designated market makers. excuse me. those are two firms that received information requests from the securities and exchange commission, citadel securities and gps, those are two of the largest ones. this does have the potential to be pretty serious, if, you know, there was significant problems here. what the sec is looking at, we don't know who the target is. is it the nyse? is it citadel? is it somebody else? they are casting a wide net. i think what their looking at is the information flow that occurs when you start pricing these things, start talking about price, and when the actual price comes out and who benefits in that interim? it could be benefitted by investment bankers who are sharing some of the price talk with their customers on the other end. kristina: [inaudible]. >> it could be. it could be benefitting maybe the direct market makers did something to benefit certain

parties. maybe there's some other -- maybe there's floor brokers involved, although the floor brokers are kind of out of it at this point. they made a complaint about the messy slack ipo. it was delayed a long time. it took about an hour to get the pricing out when a lot of people said it should have taken minutes. it was changed about 12 times before it hit its -- whatever it was $38 a share. boy, what wonderful deal -- if you were a small investor -- kristina: 44%. >> $38 to this. and i think that's part of the problem. i think that's kind of what the sec is looking at. was all the information factored in? i can tell you the information request said something along the lines of in re, in regards to nyse. it didn't have a specific firm name on that, from my understanding. i understand that probably the tipping point in this was the slack ipo, just the way it was -- kristina: is there anything else

that raises red flags to you? >> i don't know. they have asked for wide-ranging information. we should point out that gts which was brought into this was not on the slack ipo. they haven't done any direct listings. kristina: uh-huh. >> who knows what they are looking at here? it is very wide-ranging. you know, it could bring in a lot of different parties, including investment bankers. we should point out the new york stock exchange has a statement. citadel says it's done nothing wrong and the new york stock exchange says it is complying. there we go. you should throw citadel's up there. kristina: we don't have much time. >> you avoid lawsuits by putting the statements up there. kristina: i'm sure you are going to bring us the information and for everybody to follow you on twitter as well for the latest. charlie gasparino, not a jets fan. there you go.

>> i don't hate them. they are kind of like connell, very bland. kristina: i hope connell wasn't listening. closing bell is going to ring in less than 7 minutes -- even less than 6 minutes. >> the camera guy agrees. kristina: everybody is agreeing -- no, they are not agreeing. i was just joking. today's countdown closer has some last minute bargain picks to get your portfolio in the holiday spirit. tune into bulls & bears each week day at 5:00 p.m. eastern see david asman and i myself tackle the hottest topics only on fox business. we're coming right back at ya. a. 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 you are my diamond. for the diamond in your life, get up to 40% off storewide . .

♪. kristina: closing bell rings in less than three minutes. moments away from new record closes. once again, three in a row for the dow, s&p 500. eight for the nasdaq. boeing adding 66 points to the dow's gains at this moment. because of the c-suite shift we talked about earlier on the

show. we have a christmas countdown. you haven't finished all of your shopping, have no fear. "countdown" closer has things for your portfolio. thank you for joining us. two minutes to run through some bargain bins. from the bargain bins? what do you suggest before the holiday season is done? >> thanks for having me. let me preface valuations across the portfolios are not as attractive as year ago. obviously we had great runs. earnings growth is not as strong as equity price appreciation. having said that, three picks i'm giving you today, are businesses that we think can take advantage of any potential cyclical downturn. they have rock solid balance sheets. generate extremely strong free cash flow. the first company i want to give is cyclical company. samsung electronics. samsung is dominant participant in the memory industry. they generate substantial free

cash flow. they have over $70 billion of u.s. dollars of cash on the balance sheet. memory conditions are improving. we expect samsung to participate in that improvement. so we think we'll see a strong recovery in operating margins over the next 18 months. longer term, samsung is very well-positioned for 5g. they're very well-positioned to continue to take share or grow their foundry business. liz: other two picks. given 50 seconds left? >> absolutely. checkpoint security. they make corporate grade firewalls. so every business need as firewall to protect against cyberattacks. checkpoint very attractively priced stock. $4 billion in net cash on the balance sheet. one billion annual free cash flow. buy a ton of stocks. relative to current free cash flow. the third pick i will give is diageo, global spirits company. some key brands are guinness,

johnnie walker, smirnoff. [closing bell rings] they generate strong cash flow. kristina: we have 10 seconds. making it ring. another record close for major averages. that will do it for the claman countdown. connell: u.s. and china are setting to sign a deal shortly. there is the dow up 97 points. settles in at the close. third straight record close. 20th record close for the dow this year. good to be with you on a monday. i'm connell mcshane. jackie: i'm jackie deangelis? for melissa francis. s&p 500 record high for third day in a row.