tv The Claman Countdown FOX Business December 27, 2019 3:00pm-4:01pm EST
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health risk with another health risk by eating that. charles: you wonder how you get a plant and all of a sudden make it into a burger. >> lot of sodium. charles: great seeing you. we are up 55 points on the dow as i hand it over to kristina partsinevelos. filling in for liz claman. over to you. kristina: thank you very much. appreciate it. we have quite a day for you. the nasdaq, record run about to maybe come to an end. that would be ten straight sessions of records in jeopardy, just in the final hour of trade which is why you cannot change the channel. but not so far for the dow and s&p 500. you can see the green on the screen there, both aiming for new all-time highs as the santa claus rally stretches its legs. the dow, you can see on the screen, up 54 points. the s&p up about three points, almost relatively flat. the nasdaq, you can almost say negatively flat. but boeing, still hitting turbulence as another top executive announces he's leaving the company. we take a deep dive into boeing's disastrous year and what it needs to do to put its
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737 max jet crashes behind it. and forget black friday. today is discount day. the day you can get all the best deals of the year on electronics. everything from big screen tvs to gaming consoles, on sale at electronics stores across the nation which is why we go to our own jeff flock who is cruising the aisles, giving us the deals. plus, one company is putting a new spin on the local grocery store. find out how the grocery outlet which the stock ticker is go, is aiming to disrupt the industry and beat silicon valley's biggest retail giant at its own game. it's a fox business exclusive. we are less than an hour to the closing bell. i'm kristina partsinevelos in for liz claman. let's start "the claman countdown." kristina: we have this swiss president weighing in on
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facebook's libra, saying it's failed in its current form as central banks won't sign on to the cryptocurrency. libra is seeking regulatory consent in switzerland. despite that, facebook hitting an all-time high at the moment. speaking of crypto, bitcoin. we love bitcoin and its volatility. it's holding above the $7,000 mark. another big mover, arts and crafts retailer michael's. we will see that pull up on your screen. it is trending higher, about -- that's tiny, that's almost 37% higher today after it hired a top e-commerce executive from walmart as its new president and ceo. ashley buchanan was chief merchandising and chief operating officer for walmart. united states e-commerce business. it will start at michael's in april. we have research from argos, downgrading the parent company of olive garden, darden, from a buy to a hold, concerned with weaker comps and increased costs
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for the company. some electric vehicle news today. reports are tesla will begin shipment of model 3 vehicles made at its new shanghai facility starting on monday. the first batch will go to the 15 tesla employees. tesla, though, zooming up to yet another record. i'm sure, though, short sellers are really upset right now. you can see the record that it hit today at $435.31. a little bit lower now but separately, volkswagen saying it is ahead of schedule on ev production. it now expects to produce its millionth ev by 2023 and raise its target to 1.5 million by 2025. this is not a trend anymore. the dow and s&p 500 may be on pace for yet another record close, but take a look at gold. gold closing higher for a fourth straight session, near a three-month high. we see it up for the week right now, up $30.88, above 2%. that's its best weekly gain in four months. so why are we seeing gold
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traditionally a safe haven for investors pushed higher as the markets continue their santa claus rally and are the holidays the right time to buy silver and gold? that's why we got to go to our floor show. the experts are waiting on the floor right now. tim anderson at the new york stock exchange, chris robinson at the cme as well as phil flynn, same location. i'm going to start, let's start with chris right now. chris, we have gold and that's usually seen as a safe haven, and yet at this moment, it's hitting some highs for the week. why is that? what's triggering people to put money into this safe haven? >> well, two things. number one, you've had the dollar, lot of people think the dollar is about to roll over. that's a traditional spread. as the dollar goes lower, people look to buy gold. also, we had a big technical level, that 1480 level, we couldn't get through it for about three months, then once we got through it, you just had a tremendous short covering rally. somebody would bet short against that, that's why we jumped 30
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bucks in the last few days. there's only two business days left in 2019, so i wouldn't expect to see that continue. a lot of people are now looking at the old high, that $1550 level, a big round number target, so i think that that's a big part of it. the other thing is, too, everybody keeps thinking that we are going to have a correction in the dow. we have to have a correction in the s&p. if that happens, that's going to be friendly for gold as well. so it could be some, you know, people getting ready for that type of trade. but i think the biggest driver has been the fact that the dollar is rolling over, so you've got people buying back gold. kristina: chris, thank you. i want to talk about energy and whether this could be a trade for 2020, given some of the weakness in the past decade. we had some numbers come in for oil. do you feel like we could possibly still be facing a global oversupply scenario? >> i don't think so. i do think that the last decade,
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they call it the lost decade, right, let's forget about the last ten years, let's go back 20. but i think as you look forward, listen, the optimism is everywhere when it comes to the energy sector, from the demand side, right. you are seeing the possible u.s./china trade deal. their demand is already at a record high. you get a trade deal it's going to go even higher. you have opec production cuts that are going to go into effect all the way until june. we did see one headline where the russians are saying maybe we will end them in june. nobody cares. the russians always lie. don't listen to them. don't worry about that. we will worry about that in june. then of course, the other thing of course, you have these new rules that are going into effect in a couple weeks, january 1st, actually, a couple days, i should say, and that's going to tighten supply. listen, i'm optimistic. i have beat them up for ten years. it's a cyclical market. i think this is going to be the year and the decade for energy. i think it's going to be back and back in a big way. forget about peak demand.
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demand is going to be strong for the next couple years. kristina: tim, if we will just follow on that optimistic tone of phil's going into 2020, is there any -- are there any rebounding laggards that you think that we should be looking at heading into 2020? maybe some that aren't as popular and sexy to see on tv? >> certainly the manufacturing sector has some potential to make a significant move higher as we continue to resolve some of the outstanding trade issues. so you would look at some of the heavy equipment makers and some of the other big manufacturing plays. and i also think that i agree with phil on oil and i agree with some of the other natural resource stocks, raw commodities that maybe haven't had the play that a lot of the cash stocks have had most of this year. kristina: tim, sorry, chris, i'm going to direct this to you because we were talking about
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the nasdaq, it hit well past the 9,000 mark, so do you think it's tech and communications services that will continue to drive this rally forward, or is there any hesitation from you? >> well, i mean, i remember when the dow -- when the nasdaq went from 5,000 to about 1200 back between 2000 and 2002. with us being at 9,000, everybody is already talking about 10,000, i think there's going to continue to be a push probably through the first quarter but we are so overdue for correction, i think we've got to get past that. but overall, our economy is very strong. it's been, you know, the strongest economy the american consumer keeps dominating and that's why we have been head and shoulders above the rest of the world. if that continues, i think it continues to, you know, be supportive. kristina: i'm just going to try to push back a little bit. why the need for a correction, then, given all these signs, the math that this is going to still
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continue, this rally? >> well, generally, you know, when you look, when a market's gone parabolic or vertical, at some point we are going to have some sort of -- something's going to come out and we will have a pullback. is it going to be 10% or more, who knows. i think that's the other thing, too. every day we make a new high and then you start getting the fomo. i have to get in, i have to get in. i don't think we're there yet but certainly, with us at 9,000, people are already talking about 10,000, time to start bringing in people that haven't been in the market and that's when you have to worry. kristina: so the fomo meaning fear of missing out and unfortunately, i guess phil and tim, you have to leave it there in terms of questions. tim, chris, phil, thank you all for joining me. appreciate it. floor show from these guys. we have to move on to some breaking news now. we are getting some new details on a rocket attack on a u.s. coalition based in iraq. at least two wounded now, including one american. this is according to "stars a& d
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stripes." it comes as families of more than 140 american service members and contractors were killed in afghanistan. they filed a lawsuit claiming international contractors routinely paid off insurgents for protection, even hiring taliban guards directly for security. the suit alleges the taliban turned around and used that money to finance quote, heinous acts of terrorism and attacks on u.s. troops. dai, a subsidiary of canadian company wsp global among the names listed in the suit. blake burman is now live in d.c. in the bureau with the details. blake? reporter: this is a 288-page lawsuit filed in federal court earlier today on behalf of the families of the 143 service members and contractors killed in the war in afghanistan. the central allegation here is that those companies, which are based both in and outside of the u.s., paid subcontractors who in turn paid off the taliban for
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protection. now, the lawsuit says that money was eventually funneled into terrorist operations all throughout afghanistan. it reads at one point quote, defendants supported the taliban for a simple reason. defendants were all western companies with lucrative businesses in post-9/11 afghanistan and they paid the taliban to refrain from attacking their business interests. the actions of contractors in afghanistan has been highly scrutinized before and for awhile now, including by committees on capitol hill and by the pentagon earlier this decade. as it relates, though, to this lawsuit, it does not say the specific damages that the families are looking for, though it does call for a jury trial in civil court. that lawsuit filed just a little while ago. kristina: these are some allegations. thank you, blake burman in d.c. let's move on now to the big board. we've got the dow moving ever so slightly higher, almost .2% but we've got news coming from amazon. amazon owns ring, which is a
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security camera company, and they create doorbell units as well. think of it like an alarm. the e-commerce giant is facing a class action lawsuit alleging the companies didn't do enough to protect its users from hackers. this is quite a story. the most recent hacking incident going viral. this is not a commercial. this is not staged. this is showing a very frightened 8-year-old girl being harassed by a hacker. saying he was santa claus through an indoor ring security camera set up in her room. the lawsuit not enough to dim amazon's post-holiday sales grow because you are seeing shares up half a percentage point, $1879. could the everything store be facing an even bigger challenge than hacking backlash? up next, we've got the outlet looking to disrupt amazon's growing grocery stronghold. "the claman countdown" will be right back. ( ♪ ) sure, the content's easy.
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holiday season. but another retailer is disrupting the supermarket industry and it's a company called grocery outlet, a chain of over 300 stores offering brand name grocery items at very relatively deep discounts. you see the video on the screen right there. we have the vp of marketing joining me right now. layla, thank you for joining us. >> thanks for having me. kristina: thanks. let's get into just how this works. what i assume given that you have over 300 stores across the country, is that right? >> 349 as of today. kristina: okay. 349. congratulations on that number. are you buying in bulk much like a tj maxx type store so you are getting end of season type goods? >> similar. similar to that. so how we do it is we get 50% of our product in our stores comes from the supplier directly and it comes because of different reasons. package changes, suppliers, producers cancel orders, forecasting, lots of different reasons. we take that product and we offer the deep discount back to our consumer.
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kristina: then once your company continues to grow on a larger scale, because it's based off of a franchising model, doesn't that mean you would be buying in bigger and bigger bulk, therefore would take away from, you know, just getting that off-season or end of supply? >> you would be surprised how much supply is actually out there. there is always canceled orders, large, large shipments. there is always innovation that happens for different suppliers and different ways we get products. we're not tapping substantial amount of the product that's available out there right now so we don't see any -- forecast any challenges with that. we still think we will get lots and lots of great product, brand names at deep discount prices. kristina: you are getting these goods, you were talking in the commercial break about getting a cereal box with a christmas tree on it after the holidays and you get it cheaper. when you have products like that coming closer and closer to expire date, are there any concerns about having that type of model because you are giving the power to the owners of these individual franchise units?
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>> so we are more of an independent operator model which is a little different than a franchise. absolutely no concern. we love that our operators have the freedom to select product, they are selecting up to 75% of what's in their store based on their community, what their customers like. they are really able to curate that assortment. we love that they have the ability to do that and flex in and out and merchandise the products the way they want. they know what sells in their community. what we like to say is we out-local the chain and out-chain the local. kristina: your company went public in june. we have the share price up right now, trading at $33.42. i did read analyst notes that said it was possibly overvalued, 40 times like 2020 earnings. we aren't getting into details of the numbers, but in terms of trying to improve the margins going forward, because it's really hard to make money off of a box of cereal or a banana, do you have any other big plans in the pipeline coming soon? >> we are going to do what we do
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best, which is get the great product and sell it at the local level. we do that really well. we just keep our head down and keep doing what we do best. kristina: then what about, i like the optimism, what about amazon? you are not online, does that mean you will eventually go online? >> so we have conversations around this a lot. this question comes up all the time. we don't feel like we can replicate what we do online. i think that the customer loves to treasure hunt, they love to come in and see what they are going to find. it's very difficult to replicate that online. so we are really really happy to be brick and mortar and we are looking at staying that way. kristina: just quickly, because we showed we have fresh amazon on there, smeo many different outlets that are delivering now. what about the plan to continue to combat the competition? >> i think we combat competition by continuing to do what our operators do best which is partner with their communities. they know what the consumer wants. the consumer loves to go into the store. we are actually a very fun shop
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which makes us very unique. i don't know a lot of people that get really excited about going grocery shopping unless they are going to grocery outlet because they never know what they will find on the shelf. that is magic you can't put in a bottle and put online. we are just going to keep doing what we do best. kristina: that morgan stanley note called it the treasure hunt store. we can sum it up with that. layla, thank you for joining us. >> thanks so much. kristina: let's move on. we've got nike, intel, procter & gamble leading the dow 30. boeing bouncing back after yet another high profile departure from the c-suite. we will have more on that as it puts 2019 behind it. also ahead, keep an eye peeled for a starbucks surprise in the final few days of the decade. we will tell you all about it in today's fox business brief. "the claman countdown" coming right back. imagine traveling hassle-free with your golf clubs.
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gerri: i'm gerri willis with today's fox business brief. piper jaffrey getting hot on cooler giant, after visiting the new chicago store. analyst peter king predicting the ice chest maker to open numerous metropolitan stores across the country in coming years. it's in the green, up 136% year to date. meanwhile, comcast reportedly in advance talks to buy video streaming company xumo. the telecom giant hoping to bolster the april debut of its digital service peacock, the future home of binge watching favorite "the office."
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comcast up 32%. starbucks starting the new year festivities five days early, brewing up 1,000 popup parties across the country through the 31st. customers can join the celebration from 1:00 to 2:00 p.m. locally each day and receive a free espresso beverage. starbucks up 37% so far this year. up next, whether you should ever get into a 737 max jet from boeing. "the claman countdown" coming right back. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network.
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muilenburg's departure just on monday, the aircraft maker's top lawyer is now retiring. he was the senior adviser to the board on the grounding of the 737 max jet. this brings this string of high level departures, you have them all on the screen right now, to four this yoear alone and we still have no word on when the max will be allowed to fly again which is why we have former commercial airline pilot kathleen banks to give her perspective. thank you so much for joining us. i want to get straight into the software fix and how it seems like the faa, the regulators have not approved this. is there something more behind all this? is it just about a software issue? >> well, i couldn't agree with you more, this is what we need to talk about. a couple months ago, it's kind of been buried lately in the media, was a report from a manager at transport canada. transport canada is the equivalent of the faa in canada. that leaked document came out with him saying maybe they need to scrap the mcas system all together and start over.
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he didn't feel confident in the aerodynamics of the airplane with that mcas system in there and one software patch after another was creating more and more bugs. what we are not hearing out of boeing and not hearing from any spokespeople is what is the delay? what is actually happening? this software patch, if that's what it was supposed to be, was only supposed to really essentially do one main thing and that was limit the amount that mcas could move the stabilizer to the tail. if that was such a simple thing to happen, why is it nine and a half months later we are still no closer to certification that we know of? kristina: there has been quite a few documents that have been leaked and obviously, this is a really big story given how many people are involved and unfortunately, how many lives were lost. there was one leaked document that the "new york times" got ahold of and that had to do with from their p.r. department telling pilots to help anxious passengers? please explain this to me. what, get up from your job and get out there and say don't worry, it's fine? >> right. this has to be one of the most
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boneheaded things that has come out of boeing so far. when you think about the millions they must be shelling out for p.r., i can't imagine who approved this. but there's a long document presentation that went out to airlines and other boeing stake holders basically telling them how to take care of and how to calm the anxieties of scared passengers. whether they are at the gate, whether they are on the phone or actually in the airplane and you pushed back from the gate. one of the most absurd things in there is if the flight attendants feel they can't calm the anxieties of the passenger which in this document, the passenger is always a woman, i just want to note that, it's always the hysterical woman, they are then supposed to ask the pilots to leave the cockpit and come back and intervene in the situation. which of course, that would only create more security issues and more problems. i can't even believe this was -- you know, i could understand this if it was just a couple weeks after the first boeing crisis, you know, when they actually had to lose certification on the max jet. i could see them making a move like this but here we are nine
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and a half months later. we are almost to 2020 as this saga drags on and they are putting out documents to show they really are tone-deaf to what safety is all about and what the traveling public needs to feel safe to fly on the max. kristina: quick question. would you fly it? >> yeah, i would definitely fly the max, especially in the u.s., after it's out there for a few months. one of the things they have to look into, it will take many weeks and months to get the planes flying again. some of them, you know, we don't know it but they are actually moving around all the time. planes come off the assembly line, they are flying them hundreds of miles away to actually put them into storage. it will take awhile to get those planes, the maintenance up and actually get them flying. would i have a problem going on a u.s. carrier once the max has been certified and the airlines are good to fly it? no. i wouldn't have a problem. kristina: last question, just regarding the four executives changing a lot of movement within the company, you think that's enough to help regain the trust? because you just finished saying i would fly in a few months from now. what do you think of the change
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within the company? >> i think putting david calhoun in charge is a step in the right direction. muilenburg should have lost his tenure as ceo months and months ago, and nobody could understand why they were keeping him in charge. he's not a crisis manager. calhoun does have experience in that realm at ge. so i think in the interim, boeing does have a mandatory retirement age of 65. he's 62. so maybe he's not the long-term solution to boeing but he looks like the right person to shepherd them through this crisis as they try to get the max jet certified and flying again. kristina: i really appreciate your perspective. it was good to cover some topics that we don't normally look into. thank you for joining us. >> thank you. kristina: let's move on to the big board. we've got the dow moving ever so slightly, only up 41 points. but we've got some tips for you. if you got a little holiday cash in your stocking, maybe in your wallet, you are looking for a new big screen tv, today is discount day. jeff flock, look at him, you can see him on your screen right now, he's in illinois at an
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electronics store to tell us all about it. stay tuned. female anchor: it's 6:39, time for 'news update' 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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woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. kristina: the rise of skywalker living up to its name. the final episode of the "star wars" saga claiming the second largest ever christmas day box office, raking in $32 million on wednesday. the ultimate battle between the empire and the jedi topped only by "the force awakens." the film that kicked off the closing trilogy of the george lucas epic. i was singing in the commercial break and i couldn't get the music up. the intergalactic hit more than halfway to becoming disney's lucky number seven on its list of billion dollar films this year. the movie joined the ranks of
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the avengers record-breaking "end game" and "frozen 2" and the return of woody and the gang in "toy story 4." the movie making magic helping disney outpace both the dow and s&p 500 this year. shares are up 33% year to date from january 1st, i should say, adding to those gains today, trading at $145.85. we've got to turn to connell mcshane, star of "after the bell" but also, you know, the first person to get a ticket in the front row of any upcoming "star wars" movie. am i right? you are a huge fan. connell: yeah, i know. i'm not a big -- i feel like every time i come on here, whether it's you or liz, i admit disliking something else. i don't hate everything. kristina: you really like prepping for your show. connell: when liz is on, they always have the music ready. when you are on, they make you sing. which was good. which was good. you did a good job. kristina: know what song i'm talking about? the daft punk?
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connell: you totally sold it. you totally sold it. very good. kristina: sorry. give me your pitch what your show will have. connell: we will see if we hit records on wall street and all the rest. all these stories about the end of the year, i don't know if any company has been talked about more this year for better or worse than the chinese telecom giant huawei. we have andy purdy, one of the executives, chief security officer, come on our show today, and there's a gloelot going on. huawei is obviously blacklisted here in the united states but it's on something of a charm offensive over in europe, still trying to get the business in the uk and other european countries. that's an interesting story to watch as we head into 2020, whether american allies continue to do business with huawei. also, "wall street journal" story that got a lot of attention earlier in the week, saying the company for years has been getting a lot of government support from china and that has given the company a competitive advantage. so andy purdy will have a chance to respond to that. that and more coming up "after the bell." see you at the top of the hour. kristina: i made a mistake.
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it was beastie boys. shame on me. connell: that's one thing i do like, the beastie boys. better than "star wars." kristina: i agree with you on that. thank you, connell mcshane. thanks. do you need a brand new big screen tv for the big game? well, the time to buy is right now. a report from adobe analytics says the biggest discounts come not only on cyber-monday or black friday but today. tvs, video game consoles and speakers are heavily discounted to make way for new and exciting products to hit stores in 2020. that's why we go to jeff flock, because of course, he's out in the field at an electronics store just outside chicago with a look at some of the deals you can score. whoa, they got fox business on the screen behind you. yes! talk about promotion. reporter: look who's on tv. your ratings have just gone through the roof. kristina: on a holiday. whoa! that's insane! reporter: you see more of yourself than you ever need to.
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we can also get you a deal on these tvs. these are actually ones that somebody has returned. that's one of the reasons today is such a big day. people come back after christmas, they maybe return something fto this mega-store i the chicago suburbs. what's the deal on this one? >> so this was a return. it's originally $1100. because it's an open box, it's now $650. so there's some great savings for our local customers on these. reporter: samsung, is that a 75? >> 75 inch. reporter: dear lord. this is not the only thing. the other reason that people get deals today is that sometimes, retailers buy too much of something, and they wind up discounting them. >> that's right. reporter: nothing like that happened to you, though. you were perfect on the deal, right? >> yeah, absolutely nothing like that, except for apple airpods. reporter: here's the deal. they bought 8,000 apple airpods, and these are the ones, these white ones here, right? >> the white ones right there.
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these are the ones with the wireless charging case. reporter: they are not the pro ones which everybody is sold out of. >> correct. reporter: but you've got 8,000 of these, or you did. >> we did. reporter: what's the price? >> now these are on sale for $166, which is the lowest price in the entire country. reporter: lowest in the country. amazing. i wish you were here, kristina. this has got everything you ever want to get. these are all the alexas and all of those things, phones, headsets, wireless speakers, fish tank. well, no, just one fish tank. it's an incredible spot. 37 acres of electronics on -- is this really the best day? >> they are all good days here. reporter: there you go. kristina: jeff, jeff, if i heard correctly, earlier today, you did say they kind of messed up and ordered too many airpods? that's the reason why they are discounted there and the cheapest price across the country, correct? can we buy them online? from that store, can we buy them online? reporter: you can buy them
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online. >> absolutely. reporter: a famous name in the chicago area for electronics. you also get a deal, i don't know how many more they've got to sell but they had 8,000 of them. there you go. kristina: there's another tip that i received. the consumer electronics show is in january so i have heard, too, when you are buying electronics, it's best to also wait until the new stuff is being broadcast at the consumer electronics show in early january, because then retailers discount the old stuff because they know okay, there's going to be a brand new tv and stuff. thank you for breaking it down for us. reporter: you are right on. that's absolutely it. before the super bowl, they discount them as well. jump on it while you can. kristina: okay. well, i will let you go, you know, peruse the fish aisle and check out some of the airpods and watch fox business on all the tv screens there. thank you. thanks, jeff. jeff flock. there he goes. the man. the s&p 500 turning negative --
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no. yes, turning negative. we have the dow on the screen right now, up about 17 points. of course, usually this is what seems to happen always towards the end of the trading day. but unfortunately, today seems to be going down from our intraday highs. 2019, though, was a tough year for some stocks. but after the beatdown, are any worth helping up off the mat? our "countdown" closer thinks so. find out which ones in a moment. be sure to tune in to "bulls & bears" each weekday at 5:00 p.m. eastern time to see david asman and i tackle the day's hottest topics only on fox business. we'll be right back. sign, scan, recycle, walk, email yourself... really? more walking, try again, waiting, recycle, walk, email yourself, then get back to your day. or not. this isn't working. introducing samsung paperless workflow solutions. with the galaxy tab s6,
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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 kristina: the closing bell rings in less than nine minutes, and look at that. we've got markets turning negative in the final minutes of trade. the dow, the s&p and the nasdaq ending their record runs after
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the nasdaq saw ten straight record closes. for the week, though, let's take a look at those numbers. you are seeing the dow up about 159 points or half a percentage point. s&p and nasdaq pretty much across the board very very similar, all less twhoonhan 1%. let's go to gerri willis live on the floor of the new york stock exchange with some of the week's biggest winners and losers. gerri, take it away. gerri: that's right. i think santa claus has left the building this afternoon. we have all the major averages turning over and you know this has been a great week for stocks. we have set record after record. we had the nasdaq going through 9,000 for the very first time. it's been very good news. but let's look at the dow weekly leaders. the usual suspects here, i got to tell you. apple, intel, nike. apple, we have piper jaffrey and wedbush raising price targets on this stock. wedbush at $350. we will see how far away from that it is right now. intel, it was all about tech this week and of course, instel
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with their chips, an important part of that. nike also higher. what was going on there? we had citi, ubs and bear, just some of the banks raising their price targets on the stock. this was the week the kaepernick shoes came out and they flew off the shelves. so nike doing a very good job. i want to show you, though, the dow weekly laggards. this is an interesting list. because look, the back story on this, these stocks are barely down. when you look at verizon, disney, walmart, barely moving. verizon, no major headlines here, only down 1% on the week. disney down slightly on some initial disappointment on the new "star wars" movie, opening lower than predecessors, not even down 1% on the week. walmart, no major headlines, drifting lower here. we've had such strength in the market that, you know, it is barely negative. s&p weekly leaders, apache, amazon, amg, amazon has been strong all week long, up nearly 5% on the week.
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record holiday sales. that's really what this is about. amd, this is a chip stock, up nearly 5% on the week. analysts see great growth potential coming in 2020. the laggards finally, some big moves here, coty down 4.5% on the week. perega, a pharmaceutical stock, also down 5% on the week. and carmax down 4.5% on the week. these were all story-specific stocks. you saw, for example, coty, analysts saying it's oversold here. we have also seen perrigo down 5% on the week. carmax was a profit mix and you know that can really hurt these stocks. i got to tell you as we come into the close, i'm expecting selling. the dow, by the way, just turned positive here, up about eight points as we come into the final minutes of trading. back to you. kristina: it's always like this, the last five minutes of the day we get such volatility. maybe we can see some records,
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we are a little spooked there but could not be the case now that the dow is climbing up 14 points. it's going higher. we are going to move on, gerri willis at the new york stock exchange floor. let's talk about it. it is not a matter of how many times you get knocked down, it's how you get back up. today's "countdown" closer says he has some beaten-down stock picks that he says can help lift your portfolio. we are joined by the host of todd horowitz. thank you so much for being with us today. i want to get into your beaten-down stocks. we have been talking about it so much, we have been showing great visuals of boxers. which ones are you looking at? >> how you doing, kristina. first of all, i'm looking at dollar tree. dollar tree had earnings a couple weeks ago and got absolutely slaughtered. but they took the stock and if you are a technician, they took the stock right to support. we have had some real solid support here and the stock is starting to lift from here and there's no reason that dollar tree cannot be back over 100 again any time soon. it's a terrific company. they make money, they got
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everything going for them that says they should be a successful company. the same thing goes for fed ex. you know, because amazon's not going to use fed ex, i don't know if that's the only shipper in the world but i imagine that fed ex will find some other customers that will come in and actually support them. i think it may be a relief they got rid of some of the amazon restrictions around them. and of course, that company has started to bounce back. i think that will continue to bounce back as well. i think when you look at these solid companies that actually make money, and they will always be in business, and that's how i would look at anything i would be buying into the future, as something that was beaten down that i know will be in business ten years from now because no matter what happens in the market in the next six months, whether this rally continues or we finally get a selloff, at the end of the day the markets go up 8.5% year over year and the strong companies join it. kristina: what about roku? that was one of your picks as well. it's been down -- >> i love roku. i love it. kristina: there are so many streaming options out there. "wall street journal" putting out a report that comcast is
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looking at another company to purchase. isn't the market just completely saturated? and only going to get worse? >> well, i think the market is more saturated with content providers like prime video, like netflix, like disney, like apple. i think the actual streamers, the guys that actually make it happen, i think roku is way ahead of everybody else. i use it every day on three different tv sets. i own the stock. i own all three stocks but i think it's the greatest thing going. i think the stock will sometime make it back over $200. it got up to about as high as $180, came back to $90 and is trading at $141, $142 right now. i think it goes much higher from here. i think it looks great and it's really selling. kristina: if we are talking about january, we also bring up the january effect, people taking advantage of the new tax season. if we factor that in, along with the massive amounts of cash on the sidelines, do you believe just within january-february, we should see some really high upticks, given there aren't any trade problems? >> you know, i don't know that
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we are going to see how many more upticks we will see. we just finished ten days, which a little bit of selling is no big deal, and i'm not a big buyer of there's cash on the sidelines. there is always cash on the sidelines to buy markets if they're available. but we still have the one thing that's going for our markets, it is the only game in town. there is no bond rates to go after, there's nothing to go to but the u.s. stock market. so as long as the slow dribble rally continues, we could go a lot higher. i don't see many upticks. the next major one, in my opinion, will be lower but it doesn't mean it will be today or tomorrow. it could be 1,000 points from here. i don't know where it's going to come from but the next highly volatile move that moves the markets a lot will be down. but this rally could last as we have seen for extended periods of time because the overall complacency by investors says that the markets will never go down again and we all know the end of the story when it finally happens. kristina: what's emerging markets? you talked about the american market. now we are heading into 2020. people still, of course, you got
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the fear of missing out but people still thinking there is some type of correction coming. so what are your thoughts about, you know, adding and increasing your portfolio to include emerging markets given the slight increase in global growth strength? >> well, i think that's always a good idea. listen, i have some representation from china. i think china is going to come back. they have been under a lot of stress through these trade wars. but they are going to be productive and i think you can look into, you know, some of the others around the globe because again, if you can buy something that you think is at a reasonable price and you are willing to hold on to it, then i think there's not a problem. i think it's the new technology where we have to check our iphone every five minutes to see if that stock is up or down that really causes more investors to get out of things that could be very good trades over a period of time. i think any time you can buy a beaten-down, whether it's an economy or country, or emerging market, i think you
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kristina: thank you, todd horowitz, appreciate it that confetti the dow hitting its 22nd record of 2019 but the nasdac is its tenth season record streak that will do it for the "claman countdown", we are picking it up after the bell connell: that's me, yes, history made again on wall street, second straight day, with the dow at least, hitting a new all-time high, so from that perspective the rally rolls on, the dow closing higher by some 24 points on the day, as it settles in with another record close, for the year, and that's the 22nd record close for the dow jones industrial average pretty good. i'm connell mcshane. >> pretty remarkable in in for melissa francis this is after the bell. the s&p 500 fighting to end at that closing high, don't think it was able to make it, but the nasdac slightly in the red, or up just slightly but the
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