charles: you are 100% correct. bernie sanders is hot. i knew you would come through. you are the best. thank you very much. talk to you again real soon. folks, the dow is up 233 points as i hand it over to liz claman. liz? over to you. liz: charles, thank you very much. markets are surging to record highs right as we head into the final hour of trade, after both sides in the u.s./iran flareup have tamped down the flames. president trump encouraging world leaders to return to the negotiating table, a table he had exited, to talk about a new nuclear deal while iran says it's done retaliating for the u.s. air strike that had killed iran's top general. so s&p and nasdaq records, folks, come just hours after iranian missiles landed on bases that were housing american troops in iraq. at this hour, though, it's pretty much confirmed there were thankfully no casualties. so the markets would be even higher than they are right now if it weren't for boeing.

the dow component. the american aerospace giant suffering another deadly crash, this time overnight, a ukrainian 737 airliner going down in iran, killing all 176 people on board. in just moments, we are live with the delta airlines ceo, ed bastian, about how all these things can impact the not so friendly skies, how an airline like delta pivots quickly to deal with that and the iran crisis, oil's volatility and boeing's problems. it's all on the agenda. armed conflict not the only war being talked about here at ces today. the streaming wars also front and center. we have the ceo of discovery, david zaslav about how traditional media are arming themselves to win this fight. plus the latest on carlos ghosn's wild press conference in lebanon. we are dining at lg's robotic restaurant. we have the podcast in a box. and charlie breaks it on softbank's latest headache.

less than an hour to the closing bell. stocks at session highs and we are live at ces 2020 in las vegas. let's start "the claman countdown." liz: and we are getting this news right now. iran says it will not provide boeing with the black box of the ukrainian international airlines 737 plane that crashed near tehran, killing all 176 people on board. the cause, we should tell you, is yet to be determined. we are just hours after this horrific tragedy. boeing immediately fell in premarket. it was down rather significantly. it's come back just a bit but the stock is still down 1.25%, adding on to the pile-on, cowan downgraded the stock to an outright sell today. the crash, not the only news out of iran. we also had the attack on bases housing u.s. troops in iraq overnight.

we are watching all of this and the market and investment reaction. crude oil and safe haven gold, interestingly enough, are retreating now, but not after we saw this post attack surge. gold had swept past the $1600 an ounce level for the first time in nearly seven years. gold at the moment has certainly calmed down, tamped down, moderated, whatever you want to call it. it's down 18 bucks now at $1,555.60 a troy ounce. to crude oil, it is now below $60 a barrel, down 4.75% after having spiked to its highest levels overnight since april. as war fears abate, the alternative safe haven for the crypto crowd, bitcoin, began to lose ground. we have been watching bitcoin quite closely when there are times of trouble and it tends to spike along with gold and other safe havens. it was above the $8300 level before finding support at $8,000. we are now slightly below that

at $7,914 per bitcoin, down about half a percent. all right. let's get to some stocks here. constellation brands popping the champagne after the wine and spirits company raised its full year earnings forecast. that stock having a great day. intraday it is up $5 -- sorry, 5%, or $9.36. we are at the highs of the session for stz. to the white house and president trump. boosting the markets with his statement that iran will quote, never have nuclear weapons. that's what the president said. he also called on all global powers to now come to the table to force iran to renegotiate the nuclear pact they had with the u.n. security assembly. the president set the markets surging with these particular words. let's listen. >> iran appears to be standing down, which is a good thing for all parties concerned.

and a very good thing for the world. liz: as cooler heads on both sides prevail, we need to tell you that the federal aviation administration has still banned u.s. airlines from flying over portions of the middle east, specifically iraq and iran. what a perfect day to be joined by delta airlines ceo, ed bastian here at the consumer electronics show, as volatile oil markets retreat, boeing's latest trouble and of course, conflict in the middle east, everything comes together in this linchpin moment for an airline like you. let me first get to the air space and the limited air space over iran and iraq. how does an airline like delta get impacted immediately and then pivot to deal with those new restrictions? >> well, we will not use the current conflict to determine the -- we actually don't fly over iran, iraq, syria, any time. so we constantly make certain that we stay clear of any

potential conflicts, not when they actually start to arise but actually in advance of that. liz: you don't wait for it. >> we don't wait for it. for example, last month we started flying back into india and we fly over the middle east air space but we go so far north that we avoid coming through any of that territory. it actually adds about an extra hour on to the flight time, but we think in the interest of safety of our crew and our passengers and our aircraft, it's a smart thing to do. we have avoided the middle east entirely. you can fly to tel aviv but other than that, we avoid the middle east and the hot spots. liz: it could be complete just by chance, or we're not going to speculate about the iranian -- the ukrainian airliner that crashed. what a horrible tragedy. but again, this focus is on the boeing 737, not the embattled 737 max. but what's interested about delta, you are the only major u.s. air carrier that never had a 737 max jet in your fleet.

>> that's right. liz: what was it about that jet or maybe the fact that airbus or other jet liners were more attractive to you, that kept you away from that airliner? >> i can tell you, it had nothing to do with safety. that was not the reason why we went with the airbus 321, which is the alternative model. we looked at the comfort of the 321, we looked at the engines. there was independent analysis as to why we went there versus the max. we do operate a lot of boeing equipment. we have 600 boeing planes in our fleet. it's still the primary source, is boeing equipment. boeing needs to get through this crisis. we want the max to be up in the air. we don't want to be a beneficiary for something like this, the plane not flying. liz: we don't know when and if it will ever be back up in the air, but once it is fixed, would you consider a delta buying some for the fleet? >> i think the plane certainly will be flying and i think -- i don't know when in the year it

will be flying but i do think it will eventually get to a certification process with the faa and get both the employees as well as the customers comfortable with the overall safety of the airplane. i have a lot of confidence in dave calhoun, the new ceo. liz: would you add it to delta's fleet? >> at some point we would consider it. absolutely. liz: we have oil issues here, jet fuel. tell me how you are hedging when it comes to that. one minute it's up and spiking above $68 for brent and then now it gets below $60 here for west texas intermediate. >> that's actually the reason why we don't hedge. because it's so hard to predict. it's almost a little bit like gambling, speculating which way it's going to go. what we have done is better than hedging. we have invested in our business model to make certain anywhere from $60 up to $80, we are very resilient. we are very comfortable with oil. it wasn't that long ago oil prices were north of $100.

liz: $140. >> exactly. at the top. and the best hedge for fuel is the new efficiency of the airplanes that we're bringing in. we are bringing 80 new airplanes into the fleet this year. every plane is 25% more fuel efficient than the planes we are taking out. liz: and i have to ask you, because we don't often see airline chiefs at ces. technology and travel, there is so much stress aside from all of the drama we have brought you with this breaking news, when it comes to air travel. people can stay calm on the plane, work on e-mail, download shows and binge watch. tell us what you are unveiling here. everybody wants to know because they were expecting you to say okay, finally, free wifi on delta. you're not there yet, right? >> i did the keynote yesterday, the opening address for ces, and you're right, no airline had been -- had that opportunity in the past. the reason why we wanted to do it was that travel and certainly air travel is an incredible

technological innovation we have almost taken for granted. it's so pivotal to our lives. we all wouldn't be here today. we wouldn't have ces if it wasn't for air travel and bringing us together. we have made so many investments improving the overall quality of the in-flight experience. now it's time for us to focus on the ground experience, the stress you are talking about, the difficulty getting through the airport, navigating security. liz: let me just tell you, when they start boarding, i flew delta out here, by the way, big fan, my husband is a diamond member, he flies so much, but they said okay, first we will have people board who need a little extra help. suddenly, all these people who looked completely fine were rushing to the door. you've got an app you are coming out with that's going to actually flag people not just when their group is boarding but when their row and seat are boarding. >> yes. we call it virtual queueing. it's on the app. it will be a push notification, because today we push notify you when the plane is boarding but

not when your seat is boarding. now it's going to go individually to the seat to let you know when it's your time to board. and it's a small step and in the process, ultimately what we have to do is, you know, there's a much bigger challenge and we are undertaking rebuilding the airports. the real estate of an airport today is as it was built 50, 60, 70 years ago. it's all in the front of the airport, the lobbies. people don't congregate there anymore. they are all at the gate. they were built for a pre-9/11 era where people, security wasn't an issue. so with the new laguardia airport we are building or l.a. or seattle or salt lake, we are creati creating, part of it's spatial, the second part is technology in terms of how do you get bags through the process quicker. one thing i unveiled yesterday is we are working on a process that consumers through the app can have their bags picked up at their home and whatnot and

delivered to their destination in terms of their hotel or wherever they are going, probably maybe even faster than it takes them to get there. and how do you do that? you just think about the stress that takes out of the process, all tracked through the app. we have the credibility to pull this off because the quality of the people we have in the operation we run. liz: less stress and you are kind of calming, as i'm talking to you. we are all jacked up here at ces with all the news that's happening in the markets, et cetera. delta stock up about 21% year over year. it's been a great investment at least lately and congratulations. thank you for stopping by "the claman countdown." >> i appreciate it. thanks. liz: ed bastian, ceo of delta. let's get to the markets. still gaining. we are just off session highs. stay with me this whole hour, because what a difference from early this morning. futures at one point were down 400 points. what a challenging day to be a trader. let's bring in our floor show traders who are probably wiping a little bit of sweat from their brow. teddy, what were you thinking

this morning? did you expect that by "the claman countdown" hour we would be up as much as we are? >> i didn't know we would be up as much as we are at this moment in time, but i think the die was cast last night because the futures were deep in the hole last night around 11:00. by the time i went to sleep they were down less than 100. so i kind of got a good night's sleep. i didn't expect anything really bad today. i think the message is quite clear. cooler heads seem to have prevailed for the moment so we are back focused on earnings and the economy and the fed and all the things that are positive for this market. liz: luke, look at this. the nasdaq at session highs, up 91 points. s&p at session highs right now. we are only 13 minutes after the hour in this final hour of trade. give me your sense of the flows and is this too frothy? i have heard so many times over the past several years, watch out, this is the top.

it has not been the top for years now. >> no, you're right, it hasn't. teddy was right. the market went down hard last night and started to back off. we were up as well. we were taking some long ball positions up. we've got to stick with our plan. you've got to be in quality stocks, stocks that have good cash flow, dividend paying stocks, because i think it will be more volatile for the rest of the year. look at everything that's coming up. the election, the china signing and by the way, i think it's going to be more volatile because there are some people that are not getting attention that are going to be upset about it, like north korea. you might see this phase one with china get signed but there might be a lot harder to negotiate with for the rest of the year until elections are done. stick with quality stocks and also with the chip stocks that we were talking about. they have done well. liz: got it. guys, thank you so much. dow jones industrials up 268

points right now. coming up, walgreens investors kind of reaching for the aspirin at this point. with the closing bell ringing in 46 minutes, the pharmacy giant is the biggest drag on the dow 30 today, after profits fell 25% in the first quarter. walgreens down $3.37 to $55.92. up next, the auto icon on the run points the fingers at those he says plotted his arrest on fraud charges in japan. details on carlos ghosn's wild and eye-opening beirut news conference straight ahead. while carlos ghosn was not wearing an ankle bracelet, maybe that's what allowed him to escape, you may want to slap one on your dog. this is called the animal pet activity tracker. just put it on and it tracks your dog's activity every day. you can make sure that fido or rosie has gotten in his or her activity. it attaches to the collar right

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liz: dow jones industrials up 262 points. all right. the innovations that you see right here on the floor of the ces 2020 show could be coming to a highway or an intersection near you. what am i talking about. well, harmon international's ceo this morning showed fox business first this tesla. okay, why would he be showing me a tesla when he's an audio company? it uses the company's latest speakers that are built into both the doors and the bumpers with technologies that actually provide pedestrians, forget the driver, pedestrians with the engine sound that is lacking in most electric vehicles. so a standard combustion engine goes vroom, vroom, vroom. an electric vehicle doesn't have that. how can pedestrians hear an

approaching vehicle? harman is now working with tesla and building that sound into the bumpers. that has been a major safety concern for some people who feel that these cars are silent, they come whipping around a corner and maybe pedestrians don't hear them. but that is not necessarily the story that is just grabbing the most attention globally in the auto world and we are talking about gossip, drama, crime, everything. former nissan dzhokhceo ceo car speaking for the first time since his wild escape from japan. i asked about his thoughts on carlos ghosn. listen to what he said. >> -- in tokyo and his office, and it's a pity what he's been through. i don't know what he does but i hope he come back in the auto industry. liz: to susan li, who has much more on the intricacies of what was a riveting news conference

this morning. i was watching in my hotel room. susan: long one, too. two and a half hours, basically justifying why he jumped bail in japan and saying if i stayed in japan, i would have died there. listen. >> i did not escape justice. i fled injustice. persecution, political persecution. susan: he went through the mistreatment he suffered at the hands of the japanese authorities after being arrested in november 2018, saying he was only allowed to shower twice a week, eight hours of daily interrogation without a lawyer present, no contact with his wife for nine months and restricted access to prescription drugs. but despite all that, he didn't tell us how he escaped from japan. >> you know there have been many stories about how i escaped and we heard a lot of things which are contradictory. obviously i'm not going to come back to it. susan: there was new video that emerged today showing his private jet that landed in istanbul's ataturk airport en

route to beirut, lebanon where he held that press conference but ghosn saying he was part of a systemic plot that was hatched by nissan executives, tokyo prosecutors and even a toyota board member. very interesting. back to you. liz: thank you very much. thank you, susan li. when we come back, you got to look at tesla's stock. tesla is hitting a brand new record high, $498. this thing was just $390 so investors are still very much aglow from elon musk basically announcing that guess what, he was going to make sure that china and this assembly line for tesla cars would be humming at the most unbelievable rate and that is actually happening. the most valuable car company now on earth, tesla. more valuable than gm and ford put together. currently barreling toward a

sixth straight day of gains. it is official. lg, the south korean giant when it comes to electronics and its rollable organic l.e.d. television set that we have been profiling here, is a huge hit here at ces. coming up, we are giving you an up close, personal look at how they do it. what are in the bones of this thing, what's it made of? it's so razor thin. the eye-popping price tag, what's it going to be? we have i.p. park, the man behind the technology, when "the claman countdown" comes right back.

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liz: higher and higher, we are now at session highs for the dow jones industrials, up 278 points. robots and artificial intelligence have been absolutely perforating this entire show. big fixture here at ces this year. you might remember lg's chloe,

the famed robot from last year's keynote that was onstage. fox business was there exclusively. it was really fascinating to see that robot but then you're saying where's that going. you've got to see what lg has in store for that. check this out. we are going to take you to the robot restaurant in just a moment but first, we are here at the rollable tvs which of course we are only on video last year. as you see, they roll up from this box right there and frank will walk over, our camera crew, and show you how unbelievably thin it is. crazy thin. now what they've developed is the real thing here at ces, it's rolled up but it also rolls down from the ceiling. the man in charge of the most cutting edge technology when it comes to rollable tvs and robots is i.p. park, president and chief technology officer at lg. great to see you. >> great to see you, liz. liz: i need to know how much this is going to cost.

>> oh, my god. it's a totally new category of innovation, a brand new category, so we are getting lots of calls from potential new customers including hollywood celebrities. we will price it right to reflect the value. we haven't set the value yet. liz: forget celebrities. i want this thing. it's so cool because you could actually hide the television set. >> exactly. liz: tell me what your applications and the future of this that you foresee beyond the screen on the wall. >> the theme of our display here this year is anywhere is home. all the innovation we do with home appliances, entertainment system, we bring them outside home, in the restaurant, in hotels, in schools, and in mobility. liz: what about car displays and maybe even seat backs? i was hearing that maybe the rollable screens could go into seat backs. >> those are two very important applications for these rollables. liz: you can split between us and see them coming both up and

down for the rollable tvs. you talk about taking it beyond the home. let us walk, by the way, this is a very crowded area. we will watch the red sea part at the moment as we walk over to the anywhere is home car area. you've got to tell me what this is about. >> lg has been very strong in home appliances and entertainment. we want to bring all those innovations outside home. here we created this mobility smart solutions with a leading car manufacturer. when i get in, [ inaudible ]. here you can hang your jacket before you go in. when you get out, your jacket is free of dust, wrinkles as well. liz: you guys have been the hub of all things technology. you've expanded so much from the screen i guess you would say to everything from home appliances,

obviously the steamers i know. now you are working that into the car area. but when you talk about robotics, we had watched you unveil the chloe. what a crowded area you have. this is unbelievable. all right. as we move forward, we are going to what's called chloe's table. folks, this is important because it really maybe says a lot about the future of labor. it is a robotic restaurant. excuse us. fox business. here we go. come on through here. tell me what we're seeing. >> last year, chloe co-hosted keynote. here we have chloe, this was chloe that co-hosted last year. liz: i remember. >> yep. here we have robots cooking for us. liz: it is a huge, big area here and it's so unbelievably crowded, because there was a lot of press ahead of ces about this robotic restaurant. what does it say about the future of labor? that's my concern. maybe it's exciting to you but

for somebody who works at mcdonald's or tgi friday's and makes money and that's helping their family, what do you say about that future? >> we use robots for tedious, repetitious type activities so we can free people from doing those things. we can move them to doing more valuable stuff. liz: hopefully better paying jobs. i.p., great to see you. >> great to see you, liz. liz: i.p. park, chief technology officer and president of lg. when we come back, so much more but i want to show you this. you know, south korean business here, right? this is called the ambassador over-ear translator. if i.p. were speaking to me in korean, this would automatically in realtime translate exactly what he was saying to me right away. it does every language possible. it will do multiple languages. it's called the ambassador. it's $199. when we come back, much more ahead. again, we are at session highs. charlie gasparino is about to break big news when we come back. alexa tell me about neptune's sorrow.

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while our competition continues to talk. ♪ talk, talk liz: okay. we will get back to liz at the ces. there are a lot of people there so signals are jammed right now. let's take a look at wework's implosion threatening the reign of one of the most well-known king makers in the market. talking about softbank and masayoshi son. what is he doing to keep this crown? charlie: i don't think you can get rid of masayoshi son. he is softbank, he runs it, it's his baby. the real question is what does he do to management under him and i think that's where you are getting a lot of speculation from potential investors, from people in the tech world, from vcs, everybody i know that raises money that deals with softbank is talking about the vision fund and it chief, rajeev

misra. the pressure is clearly building on him. we have two things going on concurrently which puts a lot of pressure on him. number one, you have implosion of wework which sort of underscored some of softbank's vision fund's problems with companies that are just not doing well, that it's spread way too thin, its startups aren't doing very well. if you look at what masayoshi son has been doing lately, it's been trying to unwind some of those relationships. so clearly, they are trying to put the genie back in the bottle there. on top of that, they are trying to raise money for a second vision fund, particularly after the wework debacle, and from what i understand, that has been exceedingly difficult. the saudis, we should point out, the pif, the saudi arabian pension fund, is not as of now committed. doesn't mean it won't be but from what i understand, it is not as of now committed to the second vision fund even though it was a major investor in the first fund. we have right now massive turmoil in softbank.

it's funny, i have covered these stories for years. usually it's an inflection point that underscores, rips the sort of band-aid off the scab to expose even worse stuff, the band-aid being ripped off the scab on softbank's part was clearly wework. once you saw the books and how they got involved in it, how it was overvalued, how they were throwing good money at bad, when wework, after dwewework's debac had to bail it out, that underscored a rash of other problematic investments and that's what's going on now, with a total sort of i guess -- depends who you talk to, people are saying he's freaking out, he's not used to all the bad publicity, he's scrambling trying to figure out what to do next. people inside softbank will tell you as we have spoken with them, he's a measured guy that's doing the right thing, trying to right the ship. either way, this is incredible

scrutiny on mr. misra, and masayoshi son and it's a place masayoshi son and softbank and the vision fund is very unaccustomed to. in these sort of issues, as someone who covered this for 30 years, watch for management changes. it always happens. susan: that's what happens when you lose billions. charlie: so the issue is here, if there is a change at the top with mr. misra, that's a huge story. susan: all right. charlie, thank you. let's get back out to vegas and liz is so busy at the ces. liz: we sure are. we've gone out into the main hallway where everybody streams in and out. we need to tell you, speaking of streaming, netflix investors are giving three cheers to the stock, yes, with just a few minutes left in trade with the closing bell, traditional media, though, not cheering netflix content, like of course the docuseries "cheer" which follows texas cheerleading champions debuting today on the streaming platform.

up next, what discovery ceo david zaslav has to say about all this. he has so much content. they own what you would call, calm down, what you could call reality, real, not just entertainment. with all of this content, how is he going to win the streaming wars? can i just show you, this is by groove x, a japanese company? wasabi is a pet. he can move around and it will come follow you and be a little friendly to you. almost like a little robotic dog. these are the kind of things you see at ces. much more ahead coming right up live from ces 2020. ♪

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this is broadcast kit in a box. millions of people are youtubers, content creators and professionals like you who do not want to miss a beat when you are traveling and you are broadcasting. you have to do all kinds of shenanigans to get equipment ready. now it comes in with high definition wireless microphone, you can record and off you go with the wifi. that's all you need. it's extremely affordable. we priced at $299 so [ inaudible ]. liz: how is the audio quality? is it radio, studio quality? >> this is studio quality. this has been in the recording world for 45 years.

again, this is the kind of initiative we have. you don't try to build the system. you really want large population to have access to the great technology to be able to create content. most importantly, professionals like you, you can travel with it and do your broadcast without sacrificing your quality. liz: i think we need that for my everyone talks to liz podcast. when we go to the super bowl, right, podcasting is one of the hottest topics here because streaming and getting audio and content to the world is huge here at ces 2020. television titans are trying very hard to move into the streaming space seamlessly but there is so much competition. discover inc. has an unbelievable portfolio of networks, channels like discovery, food network, hgtv, so much more. in a place where he is appropriately standing right under the ces arch, is david zaslav of discovery.

thank you so much. you are offering streaming on the new channel, live cooking, $6.99 a month, as i understand it. people can actually cook with martha stewart and other people? >> everyone you see on food network and on cooking, it's martha, it's bobby flay, it's valerie bertinelli. you can take live cooking classes and you can take cooking classes on demand, and it's also built into the amazon echo. we are partnering with amazon and it's a great utility. the idea is that nobody needs to be alone in the kitchen. we also have the ability to, you can buy your groceries and in a few months you will be able to buy anything you need for the kitchen on this product. liz: when does it roll out, what kind of adoption do you think you will have, subscribers, numbers? >> we just started about eight weeks ago and we have been promoting across all of our platforms and it's doing very

very well. we have all of our chefs on social media. it's really an innovative product. when you think about 5g, you think about this incredible drive to own the home, and the most productivity and the most money is spent in the kitchen. so we think working with amazon that it's very differentiated than our regular content. this is about a real utility. cooking classes, recipes and being able to get the food and the things that you need in the kitchen. liz: what is the traditional state of the media? i'm talking traditional media, like you guys, in this world right now? is it at stress level a, stress level kind of a thousand? right now there's so much competition. >> right. right. the media is -- the business here in the u.s. and around the world is in some small secular decline which means we all need to figure out, there are a lot of people that are consuming content outside of a traditional cable bundle or outside of free

to air so our company is very healthy. we are still growing low to mid single digit, we generated over $3 billion in free cash flow this year and we expect over the next couple of years we are going to be healthy but we got to get our great content whether it's from discovery, animal planet, id, tlc, oprah, hg, food. we have to figure out how to get that not just to everyone that watches tv, but we got to get it on every device, everywhere in the world. that's our mission. liz: you are so global. you have euronet with euro sports, absolutely huge. you have discovery, all the eastern european countries. there seems to be such a long runway for what you guys have started to own and that is reality. i'm not talking reality tv, goofball stuff, but real programming where people can learn diy, that kind of stuff. tell me whether the globe is on board here. i know americans love dr. pimple popper but does the rest of the world? >> what we have done outside the u.s. is we have taken all of these genres, home, food,

natural history, and science, and we have them in every country of the world but we felt we needed more. we went ahead and bought eurosport several years ago. we own the espn of europe. we are the leader of sports in europe. liz: you just got wimbledon. >> we have the olympics, the cycli cycling, all the golf in the world outside the u.s. we also own broadcast networks across europe so we felt we needed more scale. when you put that all together, we are the largest media company outside the u.s. we are generating over a billion dollars. liz: i want to quickly ask you, because a giant in the industry has left us, david stern of the nba. he had a profound effect on you. >> he was a great guy, a great friend. i was blessed he worked with me for two years when he left the nba. he did a lot of things but one of the things he did was help us build the eurosports brand and it kind of erupted under david.

he spent a lot of time with a very young, aggressive, bright team, we were really young in sports. he also helped us get the olympics. we have the olympics all across europe for a decade and part of that was david. he was a great marketer, great strategist, but he was a kind soul. great to see you. thank you for having me. liz: we worked together at the other network. >> we caused some trouble together. liz: sure did. great to see you. all right. ces action does not stop here. we've got even more heavy hitters, everything's on the web. tomorrow, wait until you see our interviews with wilbur ross, the commerce secretary. he is joining us live and exclusively from the consumer electronics show, and the chip maker who shares the surge more than 72% in the past year alone despite tariff tensions. he gives us a look at what he's

chipping away at in 2020. that's all tomorrow at 3:00 p.m. eastern right here on "the claman countdown." we are coming right back. stay restless with the icon that does the same. the new rx, crafted by lexus. lease the 2020 rx 350 for $419 a month for 36 months. experience amazing at your lexus dealer. but when we found out our son had autism, his future became my focus. lavender baths always calmed him. so we turned bath time into a business... ♪ ...and building it with my son has been my dream job. . . find a northwestern mutual advisor at nm dot com.

♪. liz: breaking news with the closing bell about three minutes away. we need to tell you, if you were noticing we had been up 280 surging into the close. look at dow, we lost 130 point. unconfirmed, reports by reuters, two possible blasts in baghdad. this is what people heard, two possible blasts in baghdad. markets are selling off, a bit, much of their gains earlier today in the final minutes of trade. we're keeping an eye on this, with the dow jones industrialss as you can see.

s&p was on track for record close. we'll keep you posted. after the bell we let you know if we hit that. that is a bit in jeopardy. nasdaq and russell as well. bring in craig hodges. hodges, portfolio manager at hodges fund. craig, you guys are, have been around for many, many years through both thick and thin. need to know your thoughts how you guys at the hodges fund absorb news like that? the dow is still up 161 points. we still see gains. this news flow is certainly disconcerting. how do you handle did? >> sure. we'll continue to have a lot of volatility. our opinion at the hodges funds stay pretty fully invested to. take profits where you need them. we'll have selloffs. they're always going to surprise us. five to 10% selloffs, virtually happen ever single year. be prepared for those. there is so much cash on the

sidelines, record amounts of cash, $480 million went into money markets. 280 million went into u.s. bond funds. that is why market continues to do well. so many people missed this move. liz: craig, i think it is important to point out, people will look at intraday pictures. they will see a big surge coming into this final hour of the "claman countdown." we were spiking to highs. you see the drop-off. i think it is important if we cycle through safe havens to see what gold is doing, see what treasurys are doing. coming in, 10-year yield was 1.87%. we see what it is doing now. my sense as we put up some of your picks, you like cleveland cliffs among other names. important to note last night we had missiles coming in to iraq and certainly some areas where u.s. troops are stationed. and then the market sold off. then jumped up. as we head into the bell, what is the hessage to our viewers. >> expect this volatility.

boy, really feel for the people in harm's way. [closing bell rings] >> there will be opportunities going forward. just be prepared for them. stay invested. stay invested. liz: great to see you. thank you so much, craig. appreciate you coming on with all the breaking news. appears markets are closing higher. only nasdaq will eke out a record. melissa: ending the day with records on wall street as we are hearing reports, new reports of warning sirens and, an explosion heard in baghdad, president trump suggests that both u.s. and iran are refraining from military action. the dow, will be just below a record close. up 161 points off session highs. we were up 282 earlier in the day. i'm melissa francis. connell: i'm connell mcshane. welcome to "after the bell." still a good day for the markets. boy, what a 24 hours. with the reports from fox's trey yingst in b