tv The Claman Countdown FOX Business January 20, 2020 3:00pm-4:01pm EST
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well for that. charles: i appreciate your work, i look at it as often as i can, thank you very much. >> thanks so much, charles. appreciate it. charles: all right, folks. over now to liz claman. the final hour of trading is usually the most exciting because of the market, but for other reasons today, liz. liz: oh, my gosh, there's a lot of breaking news. we've got global stocks and the economy in focus this hour. wait til you see how china's shenzhen stock market kicked off this first full week after the trump administration locked in phase one of the china-american trade deal. president trump expected to depart for davos, switzerland, in just over three hours. way more than fondue will be on the agenda. tense trade with the european union and, of course, the french digital pact is front and center as the impeachment trial hangs in the balance. u.s. markets may be closed for the holiday, but not the business news flow. a major boeing jet customer
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bluntly demanding the aerospace giant outright scrap the 737 max brand. but will a name change be enough to reverse public reluctance to fly on the controversial plane? the founding editor of airline weekly is here in a fox business exclusive. as wall street and investors await the ipo of airbnb, one of start travel experience site is looking to cut it off at the pass. the founder of peek.com here to give you an exclusive peek her site has for the traveler in you. plus, tickets punched for super bowl liv, and charlie breaks it on tesla's rocketing share price. we're less than an hour to the closing bell on this monday, let's start "the claman countdown." ♪ ♪ liz: all right. let me get to breaking news just
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hitting the tape on tesla. it is answering charges at this hour, the new charges of, quote, up intended accelerations in its vehicles. the electric vehicle giant calling those allegations, quote, completely false. the national transportation highway safety administration revealed friday that it was investigating 500,000 tesla cars due to reports of sudden unintended speeding up, right? acceleration. well, within the last half hour tesla are reportedly saying that in every case where tesla has a vehicle's data, it confirmed that the car operated as designed. when the news broke friday, it did slow down tesla's record run, but shares are still up more than 22% since january 1st. closing just above the $510 mark on friday. u.s. stock and bond markets are closed, yes, you know that, for the martin luther king jr. holiday, but the rest of the world is off to the races. japan's nikkei edging higher ahead of the bank of japan's
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two-day policy meeting. we had the china shenzhen market jumping more than a percent and the shanghai composite moving higher. and the hang seng in hong kong, of course, closed lower by just under 1%. to europe, germany's dax up slightly while the united kingdom's ftse100 finished lower as business leaders gather in davos, switzerland. brent crude is trading above $65 a barrel today, touching its highest price since january 9th. higher than $66 a barrel. two large crude production base withs in libya have been shut down due to a military blockade. you have at this moment supply disruptions where armed rebel forces shut down pipelines. you could argue this is a civil
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war. libya is an opec member. we're watching that situation very closely. we have opening arguments underway for the u.s. extradition trial of huawei chief financial officer, this is happening in vancouver, canada, just as we speak. in the courtroom we understand that her representative, her lawyer has said the fraud charges are a complete fraud. now, the u.s. has charged the chinese telecom executive with bank fraud and misleading banks about huawei's dealings in iran despite u.s. sanctions. she is the daughter of huawei's founder, she has denied all charges, and for more than a year she has been under house arrest in vancouver. to the nation's capitol, two major events about to collide and compete for your attention. president trump just hours away from leaving the white house for davos, switzerland. he is expected to address the world economic forum tomorrow morning and will meet with economic and political leaders from around the world. the future of u.s. trade with the european union now could hang in the balance as well as the taxation of some of
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america's biggest technology companies. global security and climate change are also very much front and center as the period of time is scheduled to talk to the leaders of iraq, pakistan, switzerland and, of course, the european union during this trip. it comes as the senate gets set to begin the impeachment trial of the president. that begins tomorrow morning in washington d.c. to blake burman who's right there at the white house with, i guess, all these moving parts, blake. >> reporter: yes, hi, liz. the president set to leave the white house in about three and a half hours' time to make his jaunt over to davos, switzerland. we're getting a bit of an idea exactly who the president's going to be meeting with, several leaders from the middle east but also the president is sent to sit down and have a discussion with the president of the european commission. when you talk about the european commission, it is safe to think that the president will be talking about trade and potential tariffs with europe. to that end and the leadup to all of this, emmanuel macron,
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the president of france, has actually taken to twitter today to say that he spoke with president trump, and this is what macron said, he said, quote: great discussions with president trump on digital tax. we will work together on a good agreement to avoid tariff escalation. we'll see if the digital tax is part of the president's discussion over the next couple of days. the timing here very interesting, liz, as you have laid out. because as the president will be in davos tomorrow, back here in washington begins the impeachment trial in the senate against the president. just the first in 21 years, the third in history of a sitting president. and today the president's legal team outlined or put forth, rather, what is called a trial memorandum. essentially, a legal deep dive as to how they are going to defend the president, and here's what they say. they say the house didn't identify any impeachable offenses, irredeemably flawed. they say no evidence of was brought forth by the house that supports the claims that it made, and they're going to do a bit of lawyering here claiming that the articles of impeachment
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are, quote, structurally deficient. the outstanding question going into this, liz, is just how long this nat trial might last -- senate trial might last. there's a little anticipation it could take two weeks' time. however, if there are witnesses called, it could be two or three times potentially longer than that. and today over at the white house kellyanne conway suggested if there are, indeed, live witnesses then the very first witness that the president's legal team could call would be hunter biden. liz? liz: yeah. and we've heard that some senators have said, got no problem with that, bring him on. >> reporter: yeah. liz: and these are democratic senators. blake, thank you very much. we should note that the president's speech in davos begins tomorrow morning at 5:30 a.m. eastern time from switzerland. remember, they're six hours ahead, so fbn a.m. will carry it live. do not miss it. as world leaders arrive in davos on everything from private to
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commercial planes of all kinds, what's in a name? if it's the controversial boeing 737 max gent, one of boeing's biggest customers doesn't want to stick around to find out. to cofounder of air lease -- this is a company which helps airlines around the world grow their fleets -- said, quote, we've asked boeing to get rid of that word, max. i think therd word max should go down in history books as a bad name for an aircraft. this on news that fresh software issues could further delay the beleaguer model's return to service. would a name change -- i'm asking you guys this -- would a name change of the plane that crashed twice in a short amount of time killing 346 people simply be enough, or does the 737 max need to outright end production? we welcome someone who no doubt has an opinion, seth kaplan, cofounder of the industry-leading newsletter airline weekly. he's been covering the aviation industry for more than a decade and a half.
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good to see you, seth, thanks for being here. >> good to be here. liz: give me your thoughts. >> yeah. look, changing the name isn't going to fix the problem, right? boeing has a perception problem but also a reality problem. but it's a start. and, you know, president trump actually many months ago tweeted out boeing should change the name and back then some people laughed. other people said, well, a little premature. here we are now with almost a year of the grounding underway and no sign of this plane getting back in the area anytime soon. and, yeah, this is an unprecedented corporate crisis, right? so we look back in history and say, well, tylenol got past that, chipotle and all that. those crises didn't last as long as this one has. so the cofounder of air leak -- not a household name outside the industry but as important in the industry as any other saying this -- yeah, he's saying it because he's right. liz: well, i have to tell you, i was on fox nation on a panel discussing this very issue and
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all the problems, and perhaps the problem lies in the fact that boeing was not up front when it first happened. there were a lot of e-mails and texts from engineers who were very concerned, whistleblowers right and left. but maybe people don't really want to stick around to find out. and i say that because forget about me, i don't know anything, but we spoke on that fox nation panel with a test pilot, and he is, he's been around. listen to a what he said. his name is j.p.. >> you want a disaster that can happen? you have a mother sitting there with her babies and is we're going to visit grandma on fourth of july, and there's a b-737 parked out there, and the mother says what kind of a plane is that? it's a b-7 37, it's perfectly safe. is that a max 8 airplane? because she's heard about it all over the plane, and the agent says, yes, but it's now all been fixed. she says, i'm not flying.
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liz: i've talked to a lot of people who say i don't want to fly on that thing even though boeing would probably insist that the software problem that ostensibly brought down two of these planes has been fixed. what should boeing do? if all things being considered you were in charge, what do you do with the 737 max? >> yeah. and the problem is that boeing for so long has been reactive rather than proactive, about everything, as you mentioned. forget even all the design issues that went into it. just since the second crash itself. boeing always being behind the curve, right? if anything, finally admitting things after everybody else in the world believed them anyway rather than getting out in front of things. in terms of the name, i don't think that a new name per se is going to help, because you're not going to fool anybody. just in terms of the name, just use numbers like it's always used. its new planes tend to be like a 777-8 or 9. just call it the 737-8 because a
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new name is just going to be something else to lampoon. look, more than that it's the reality, and i hope that somewhere in boeing is a team of people designing the replacement for the 737 max. because for boeing to really get back atop the industry, what it's going to have to do the opposite of what happened this time. airbus came out with its product, boeing rushed this to market, now boeing needs to lead the industry and let everybody else chase -- liz: so i threw this out to my twitter followers @lizclaman, and i just want to read some of them. nick says what purpose does rebranding the max name serve other than to deceive the flying public when deciding which plane to fly? jacqueline says, no. phil wasserman said, quote, to paraphrase a 737 max is a 737 max is a 737 max. i even, i'm thinking of the '70s when ford had the pinto which had a lot of problems. it had placed its gas tank in a
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very dangerous location. that car, they don't have that anymore. so i'm just wondering if we're eventually barreling toward the ineffable, that a -- inevitable, a numeric or name change is not going to be enough. >> it's not, let's be very clear. there's that temple necessary but not sufficient, right? if so i mean the name is toxic. as i said, i think if you try to replace it with something else, everybody's just going to -- that'll become its own issue. i think if you just stick to the numbers, but look -- yeah, when we try to look at precedent here, the history in the airline industry is that people do move on. you know, people get back on malaysia airlines after all that and so forth. but this, but this is new, right? and it's going to be different in different parts of the world. cultural issues where people aren't going to be so forgiving in various polices. and so -- places. yeah, i do think at least de-emphasize the name, get rid
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of max, use the numbers but fix the reality. it's not just a perception problem at boeing. liz: stu of bsb says i'm certain to be in the minority here, but the public has short memory. the final one, robert says you mean put lipstick on a pig and call it a swan? no. move the engines back and recertify the plane. we'll be watching it. seth, thank you for weighing in. >> thank you, liz. liz: seth kaplan, good to see you. you've heard the expression the enemy of my enemy is my friend? the social media wars taking an interesting twist on that. snapchat's evan spiegel sharing his love for one of his company's hottest competitors at a conference this past weekend. spiegel predicted that chinese video-sharing services and rising star tick tock could one tape surpass instagram which is owned by facebook. snap shares have had quite the breakout. look at that line on your screen, up more than 209% over
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the past year versus a 48% pop in facebook shares. social media wars not the only fight playing out in the cloud. tech's biggest names competing for your online health data. but could the move to e-records be a threat to your with privacy? up next, the ceo of one of the biggest names in health monitoring, kevin thayer with, talks protecting your physical and online health and what they are and are not doing. stay tuned. ♪ ♪ ♪ ♪ everything your trip needs, for everyone you love. expedia. for everyone you love. at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk...
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♪ ♪ liz: hospitals are sharing identifiable patient data, maybe even yours, with big technology names ranging from microsoft to ibm to amazon. that's according to today's "wall street journal." hospitals can share patient data as long as they follow federal privacy laws, but what about patient data collected at companies such as health care wearwith able makers? -- wearable makers? a publicly-traded company makes blood sugar monitoring and says its phone app may put your data in the cloud, but no one can get at it, not the phone makers or the smart watch companies.
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here is the ceo, kevin thayer. your monitors are worn on, what, patients' arms, abdomens? as i understand it, they're growing in popularity because they offer this alternative to injecting once for insulin readings. who can this data be shared with? >> well, our data can be shared with others, but in all cases the patients have the ability to designate that. so our continuous glucose monitors record readings all throughout the day, and if a patient wants to, they can share that data with people who take care of them. for example, if a mother has a child at school and that child wears our continuous glucose monitor, the data can go from that child's phone to cloud and back to the parent so the parent can see what's going on and if there's a dangerous situation, for example, their child's blood glucose values go too low, they can call the school and intervene or even the school nurse could be watching the data as well. liz: yeah. i want to show some of how your
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monitors work, and in doing so, you know, they're hooked into smartphones, are they not? and that's my next question. can apple or the phone maker, who knows who makes these things, huawei, qualcomm, intel, samsung, can they get at this information? >> no. the phone companies don't get at this information. our wearable is worn on the body and communicates directly with the phone with the bluetooth signal every five minutes, a glucose value's recorded. so a patient gets 288 readings a day to manage their diabetes better. but that data's theirs, and we treat it as theirs. liz: here's what worries me. we're hearing -- and the journal withism covered a lot of this -- amazon's working with a seattle hospital. you've got microsoft working with providence hospital. ibm if signed a deal with brigham and women's in boston. they claim that they've stripped out the names. google working with the mayo clinic. but some of this information could be identifiable, could it
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not? and so how do you insure that my kids' diabetes information or mine, you know, you don't want employers being able to use it or prospective employers who will then use it against you and say we don't want to pay for that. >> no. we have a very, very strong data security platform and data privacy. we just don't allow people to access this data unless a patient specifically authorizes somebody to do it. other than that, it sits in the cloud, and we don't let anybody have it. it's as simple as that. liz: you're a publicly-traded company, your stock has had a very strong 52 weeks, far outpacing the s&p 500. tell me what your next plan is beyond these monitors for glucose. >> well, we will continue to grow this business, liz. right now continuous glucose monitoring still isn't adopted by enough patients who use insulin. market penetration is only at 35-40% range.
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and over time we see great utility in this technology for people with type ii diabetes who aren't even taking insulin to give them the best information to manage themselves. and then it's a general health care beyond that. liz: one last thing. i know you guys had an outage a couple of months ago, and that's disconcerting because going back to the mom of the child that you referenced, they need to be able to see all of this. tell me, you know, what you had to do in the wake of that to insure that it won't happen again. >> that outage was caused by the fact that we're scaling our company, liz. we've doubled almost in two years to revenues to a point of almost $1.5 billion this year. so we went to a larger server platform, and we made some mistakes. it was our fault and we've acknowledged that. but going forward what we've done is we're implementing two things, a server status section on our web page so parents will always know and also we're developing in-app messaging. so if there is a problem like
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that, people would find out. but the best learning from this outage was how important this information is to everybody. the reaction was really severe, and that really showed us how important it is what we do and how important it is to deliver the proper data to our patients and their caregivers. liz: kevin, good luck to you and the company. you're making a difference in people's lives with half a million customers. we'll be watching it. kevin sayer of dexcom. coming up, spacex took a huge leap toward the next step putting humans into space once again. ♪ 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
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♪ ♪ liz: okay. who are we picking? are we picking kansas city or finish. >> no. liz: yes. i'm kansas city, austin's going to be san francisco. the matchup for super bowl liv, you heard it, it is set. yes, the kansas city chiefs earning their fist super bowl appearance since beating the minnesota vikings in super bowl
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iv always way back in 1970. san francisco 49ers punching a ticket for the first time since 2013 when they lost to the baltimore ravens. catch the big game february 2nd on fox, but if you one of those people more interested in the super bowl commercials than the big game, this year's crop has a little bit of everything. all the ads for super bowl sunday sold out early in november. that according to variety. the average 30-second ad costing companies up to $5.6 million. all right. to grady trimble, he's here with a look at some of the ads that you may be talking about even before, not just after the big game, because now they're trying to get more bang for the buck, right, grady? >> yeah, they are. there are fewer ad slots during the game, so that's part of the reason the price went up to -- 5.6 million compared to about 5.3 million which cbs, was its highest ask last year. that's the price you pay, i guess, when you have 100 million
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people watching your ads. and we're getting a sneak peek at a lot of these ads thanks to the internet like this one where mc hammer shows us how he wrote the song can't touch this because his hands were covered in cheetoh dust. there's also one featuring sam elliott who gives us an odd rendition of the song old town road. and then one featuring taraji p. henson and katie couric, although that one we only saw a teaser of because they want you to watch the game and see the full ad. anyway, the jury is still out on which ads will be the best this year. but going to last year, "usa today" had a survey which found these companies had the best ads including the nfl, amazon and hyundai. and speaking of hyundai, they enlisted rachel dratch and big papi for their ad this year. >> there's a wicked ripple by the harbor. >> whoa, whoa, whoa, what's that
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mean? >> means there's a big party. there's a wicked ripper by the harbor. >> wicked ripper la, la, la,. >> say wicked ripper. >> there's a wicked ripperrer by the harbor. >> wicked ripper by the harbor. >> i think that's as good as it's going to get. >> as someone who lived in new england, i can appreciate that one. super bowl viewership is declining, but the cost of ads are going up. $2.7 million for a 30-second spot in 2008 compared to that $5.6 million this year. and that's partly because live sports is still a big draw even though streaming has taken away viewers from other prime time shows. liz, i must say you might be able to relate to this. as a tampa bay bucs fan, i've gotten good at watching the commercials because my team is never in the big game. liz: you know that hurts. as a cleveland browns fan -- >> yeah. liz: -- i feel your with pain.
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and as a former boston resident working at channel 7, she should have said da-chester for dorchester. grady, thank you very much. "countdown "heading to the super bowl! super bowl liv, we are live in miami, friday, january 3 1s, to preview the big game and the big business of the super bowl. 49ers and chiefs, you gotta join us. live, 3 p.m. eastern on the friday right before the super bowl. we've got an amazing guest lineup. up next, move over airbnb, the vacation industry's biggest disrupter not even public yet but already facing some new competition. peek.com, the gutsy upstart already on the map with huge silicon valley informs ifers, joining the adventure. we've got the woman who started it all. she's opening up her playbook on disrupting one of the biggest disrupters of all and why you may want to get in on the experience on your next getaway.
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on this martin luther king jr. holiday and presidents day onlying up -- coming up, you need to hear about peek.com. "claman countdown" is coming right back. >> we're open for business. you met on an app. delete it. why? he's the one. gesundheit. [sneezes] i see something else... a star... with three points. you're in a... mercedes. yeah, we wish.
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♪ ♪ liz: the ipo hawks and the bulls are circling, this as airbnb officially lays the groundwork for its highly anticipated public market debut, apparently later this year, announcing a new corporate governance strategy valuing safety, diversity and sustainability. but while airbnb has now expanded from home and apartment rentals to booking iconic experiences,, tours and activities, our next guest's company is nipping at the heels of airbnb with plans to take them on. peek.com is a one-stop shop to create your next level unique travel experience and has been referred to by "forbes" as north
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america's next travel unicorn. here in a fox business exclusive is the founder and sea owe with, ruzwana bashir. first thing's first, why did you start peek.com? >> well, i always want to find great experiences, and i ended up going on a trip to istanbul, and i spent 20 hours figuring out what to do, finding cool experiences and actually reputable businesses to do it with. the whole fasting was laborious, and i wished there was a one-stop shop where i could just go online and book it. and it didn't exist, so i thought up peek.com. liz: and that's not an easy thing to do because it's almost like crowd sourcing. you needed to hear both from the actual travelers themselves and the tour operators, i would imagine. so this is a dual type of service, is it not? >> yeah, it is. it's a very double-sided marketplace. we work with thousands of small businesses to get them on line, because a lot of what we found is if you're a business that's
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doing zip lining or white water rafting, you're really good at that as a job, but you're not great at having great photographs or being able to have reservations and all that stuff. we, essentially, are giving them all the tools they need to run that business. the average business when they're using peek sees increase in revenues about 30%. liz: you were able to have such an idea that jack dorsey, the twitter founder, cofounder and ceo with along with eric schmidt who ran google for many years, they've thrown in money. mr. bonderman, who's a big financial guy, has thrown in money. what was it that you were able to pitch to them beyond -- because, again, airbnb is doing this experiential type of thing now too can. what brought them to say, you know what? if i'm in. >> we've raised $40 million to date, and that really has been about the fact that we are taking this $200 billion market, experiences market is massive, and it's growing. we think in the next year it's going to become a trillion
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dollar market. and, you know, there wasn't a market. today we are the u.s. leader. we've got the largest amount of experiences. we've collected 1 is.1 million -- 1.1 million ratings and we've hoped over half a billion of dollars of booking through the platform. so they really came in because they understood the market opportunity and the fact that we could scale. liz: okay. we're looking at parasailing. all right, one would argue that's very exciting and, certainly, adventurous. but how about some of the things, we thought let's put up some of what peek does offer. two hour offroad jeep tour of a state park, that's outside of san diego, correct? >> yeah, it is. liz: so tell me why this would make your site. >> see, really what we care about is helping people find unique experiences that are different and allow them to see a place in a new way. so in this case, this is a really beautiful state park where, actually, there are a lot of native american houses and old sites, and so you're able to go offroad and see something you might not ordinarily know about.
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especially for people living in san diego. what we're trying to do is help bring people into everyday adventures. this isn't about saving up for a trip. a long trip or whatever. it's actually about bringing great things to do in your everyday life. liz: well, here's something, swimming with the pigs. this is from nassau, i have not heard of this. are you actually swimming -- >> yeah. liz: -- with swine? >> there's an island where there are these pigs that have just kind of set up shop -- liz: okay, we're looking at this right now. >> you can actually go and swim with them. yeah, if you want to go to the bahamas, even if you're in nassau and you want to go on a hot air balloon ride, we can help you do that. if you wanted to do a cooking class in new orleans. we want to have every experience that somebody might want to do. if you're a foodie, equally if you're into adventure or things to do with kids. we know that families want to have a meaningful collection, and they want to spend quality time together.
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liz: so pigs are the new doll p fins. >> yeah, exactly. liz: i did the dolphin thing, now i want to do pigs. it is great to see you. we really are watching this closely because it is an expanding opportunity. will you expand beyond, you know, north america? >> yes. we're already beginning to. we've got some options in costa rica, mexico, the bahamas, so we're really excited to do that. but our focus is just let's get every activity and experience online, let's work with thousands of wizs to help -- businesses to help them make that transition. finish. liz: ruzwana bashir, i guess nobody sits on a beach anymore. congratulations, thank you very much. >> thank you. liz: join us again. it's called peek.com. did you just catch the travel bug or what? you've heard about the exciting experiences the company has to offer, but what you can't hear was what ruzwana, the founder, had to overcome to get where she is today. it is a stunning, an emotional
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story that is not easy to share, but he has shared it, and i hope you guys tune into my podcast here at everyone talks to liz. it's an empowered story available on apple, google, foxnewspodcast.com. it's each on a alexa. listen to it and let me know what you think of ruzwana's story. at liz claman. "the claman countdown" is coming right back. any comments doug? yeah. only pay for what you need with liberty mutual. only pay for what you need with liberty mutual. con liberty mutual solo pagas lo que necesitas. only pay for what you need... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ 1 in 3 deaths is caused by cardiovascular disease. millions of patients are treated with statins-but up to 75% persistent cardiovascular risk still remains. many have turned to fish oil supplements.
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streaming. during a press association event over the weekend, netflix chief content officer ted confirming that he'd be interested in working with the royal soon not to be totally royal couple, harry and meghan, saying who wouldn't be interested in teaming up with the couple? meghan cracking her way back into the hollywood scene, striking a voiceover deal with disney that may have had its origins right here on the red carpet on this screen as you see for disney's live action lion king premiere in london. harry caught on camera telling bob iger, quote, you know, she does do voiceovers. disney shares up more than 30% year-over-year, netflix up more than 5% sense january 1st. connell, you know, the obamas were already basically streaming royalty nowadays, do you think harry and meghan could be? >> at some point we'll reach peek netflix. [laughter] liz: they're really desperate.
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connell: that's what i'm saying, that'll be the sign. that's when we know we've reached. i'm sure they'll do well, and you know what? we wish them well because there's worse people in the world, right? coming up next hour on "after the bell," we will -- well, we won't have a bell to ring, right? we'll focus on other things. one of the things investors will have to start handicapping is the 2020 race, what's going to happen in starts that out. elizabeth warren and pete buttigieg both are in iowa. we'll talk about them, bernie sanders, the senators that are going to be off the playing field, so to speak, with the impeachment trial running in washington for however long and whether that gives buttigieg, maybe joe biden a little bit of an advantage. all that's coming up. by the way, i'll be in iowa for a couple shows around the same time you'll be in, well, miami. liz: super bowl liv -- connell: i know, have fun. liz: okay -- connell: now, come on, don't start. iowa's exciting -- liz: i love des moines, and i've been there many times.
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connell: yes. i'd rather be in miami. liz: have fun, connell. elon musk's latest success came in the form of quite the super splashdown in the atlantic after spacex's dragon capsule passed it latest test. we're going to be show it to you. but charlie gasparino is here to talk about musk's other venture, yes, tesla, and whether it could still be taking on water despite if its skyrocketing stock price. charlie breaks it and, yes with, i'll fight him next on "the claman countdown." ♪ ♪ 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 thouwhich is breast cancer metastthat has spreadcer, to other parts of the body, are living in the moment and taking ibrance.
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malfunction. so that is it what you saw. the explosion there, the falcon 9 rocket blowing up moments after separation from the crew dragon capsule. >> was that expected it? liz: it floated down into the ocean. musk confirming that spacex could see the first human crude launch to the international space station in the second quarter, we're almost there, possibly as early as april. to musk ace other moonshot, tesla denying claims of unintended acceleration here in the u.s. that happened an hour ago. shares flipped on friday, that 500,000 of these would be investigated. the stock is up 22% since january 1st. to charlie gasparino. >> when you have a stock rising this high and fast despite all issues with tesla, there are balance sheet issues. there are potential worries about cash flow.
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they can do essentially what they want in terms of financing. as long as the stock. when i talk to analysts what they tell me as long as the stock stays relatively about 450, 420 was magic bogey number, 420, funding secure, right? got him in a lot of trouble, he didn't have funding secure for buyout of tesla. the stock slipped on its own. way above 420. it is almost at 520. 5'10". as long as it stays above 450, what i hear, from the street, forget about funding needs. they guys can raise whatever money. take that worry off the table. they have to keep it up at that level. one way to keep it up at that level. keep selling vehicles. they have been doing a pretty good job at that. not to have these malfunctions. liz: they're claiming it was not a malfunction. the cars were able to get data upon, in the last hour, all of the cars performed the way they were supposed to. >> i will say this i have, i
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appreciate elon musk as a visionary. i appreciate the product. everybody knows that, i know has the product thinks it is a good car. you know people in california with it? liz: three in my family. >> really smart people are not liars, not just looking to the push the stock down to make a quick buck, jim chanos of the world, tell you the numbers just don't add up. i will say this that doesn't mean this can't stay at 520. exuberance about a future product can keep a stock up, okay? amazon benefited from that exuberance over the years. liz: it lost money. lost money. lost money. went higher and higher. >> it can be bought out. i'm telling you for everybody out there, just be prepared, if you want to buy into the numbers don't add up. be ready for a wild ride. it is a cult stock. doesn't mean it is is not a gret company, a great stock. it will be wild ride over next couple years. near term, people talk about
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financing for them. as long as the stock stays at these levels -- liz: 92 billion market cap more than gm and ford combined. >> do you think that is rational? liz: market is voting machine. now it is voting for tesla. i hear what you're saying. that is fair. snap is up 200%. >> is that fair. is netflix where it should be. interest rates. liz: cheap money. >> talk about the next guest, this guy will explain it better than me, netflix which is losing a lot of money, burning through a lot of cash looks like apple sometimes. liz: let's ask rocco carrera, of carrera wealth advisors. half a billion in assets. tops advisor in new york state. we're happy to have you. at this point, rocco, some of these names are, they mark-to-market? we don't know, the federal reserve has had cheap money out there. is anything at the price it
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really should be? >> i'm sorry, liz, could you repeat? liz: mark-to-market, right, when we know exactly what something should be worth charlie gasparino was talking about whether tesla or snap, with such cheap money the fed put out there, how do you spot a name you know is worth exactly that price? >> well, liz, that is a terrific question. first thing i will share with you, there are fundamental equations that tie in with investing as well as technical. so with regards to the two companies, you mentioned, i can't really go into the specifics of them, but you know, some people might be looking at them from fundamental approach. some people might look at it from a technical standpoint as well. liz: or momentum standpoint what charlie is talking about. >> yeah. liz: looking at certain names. wells farm going top picks for 2020, l brands, burlington, you say many names should be stuffed
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into the shopping bag that are people's portfolios. >> first two years i like to talk about are consumer staples and consumer discretionary. those sectors we like for 2020. liz: why? >> here are the reasons. when you look at the consumer balance sheet, the consumer looks terrific, right? over 100 million people today are invested in the markets, whether through iras, 401(k)s or other ways and when you look at consumer, balance sheet, debt levels. earnings going up. unemployment at historical lows, things look terrific for the consumer. so i like consumer staples and consumer discretionary quite a bit. >> burlington is still around? liz: sure it is. burlington coat. rocco likes it. >> is wells fargo still a bank? liz: this is just charlie being charlie. >> they had some problems, didn't they? liz: a few. i don't know if they're all done. we're watching it all. rocco, great to have you on the
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show. that will do it for "the claman countdown. thanks for joining us on this very meaningful holiday. we're all up at bat, there is a lot of global market news. "after the bell" has more of it right now. i will see you tomorrow. connell: president trump on the world stage. he is getting set to leave the white house. leaving today for the world economic forum in davos, switzerland, what promises to historic week back in washington. senate impeachment trial gets going. good to be with you i'm connell mcshane. >> i'm deirdre bolton in for melissa francis. markets closed for the martin luther king, jr. holiday. foot are higher after all three major averages hit new records
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