tv The Claman Countdown FOX Business February 4, 2020 3:00pm-4:01pm EST
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fear. just make it an excuse if you will to go in and do your homework but if you hesitate, if you take your time and you don't panic, i think you'll be okay. liz claman, over to you. liz: preach it. i love that speech. it's true. you've got to have discipline. yesterday if you panicked, look what you missed today. there's a big party, right? charles, thank you. you know, the bulls i understand are calling in a second deejay to ramp up the music. stocks in rally mode ahead of tonight's state of the union address. president trump will face lawmakers on both sides of the aisle ahead of tomorrow's historic senate impeachment vote. t-minus two hours until the delayed and confused iowa democratic party announces the winner of last night's iowa caucus but the democratic candidates have already skipped town to refocus and rebuild in the granite state. what we are going to do is take you live to new hampshire to get the latest on who's doing what. make no mistake. this rally is powered not by
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politics but by news that the coronavirus has just jumped from host to host but even though it's killed 427 and infected 20,000, it is not mutating to outsmart doctors, according to the scientists. but why is the nasdaq far outpacing everything else when it comes to percentage jumps? because tesla is reaching heights even its outer space loving ceo elon musk couldn't dream of. could the electric vehicle giant make it past the 1,000 mark this hour? you got to stay with us to see if that happens. plus, the magic of disney versus pandemic jitters. google in the crosshairs. and peloton has cleared a major hurdle ahead of its first quarterly report of the year. less than an hour to the closing bell. a big rally day here. let's start "the claman countdown." liz: breaking news, dow jones is
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reporting that the owner of the new york stock exchange, the intercontinental exchange, has made a takeover offer for ebay. yeah. intercontinental exchange wants to buy ebay. that values the online marketplace at more than $30 billion. this is according to people familiar with the matter. no surprise, ebay is spiking nearly 9% right now. word is the companies are not currently in formal talks but regardless, we are looking at a very interesting display of breaking news here. ice is down 4%. again, they own an exchange so to come out and say we are buying ebay is awfully interesting. we will be watching that and more. keep that eye on ebay as it continues to climb up 8.9%. tesla is unstoppable. once again, faulting but this time over 800, then $900 a share. first it was $800 that it jumped
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over, and that was before the bell. then it crossed the $900 mark, touching a market cap of nearly $170 billion. it is now set to overtake gm, ford, fiat chrysler and daimler benz's combined valuation. right now, tesla up 20%. the surge is due in part to tesla's ev sales which have surpassed rival ev products such as the chevy bolt, the nissan leaf. both of them, tesla has jumped over in a major way. since its ipo in 2010, tesla has skyrocketed 5300% after debuting at just $17 a share. what we are going to do is check tesla throughout the hour. stay tuned for the latest moves because as we watch it, it's at $939 a share right now. we will see if it touches $950. elsewhere in the ev sector, amazon says it has ordered 100,000 electric delivery vans from privately held ravion
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automotive. the vehicles will be on the road next year. amazon up 2.25%. not slacking off today, the stock, ticker workplace chat platform surging after rbc initiated coverage with an outperform and a $25 price target. it's almost there, at $23.25. slack is jumping 10.9%. get fashionable. ralph lauren in fashion with investors in this final hour of trade. it beat on earnings and the retailer cited higher prices for its winter wear which boosted margins. polo ralph lauren, ticker symbol rl, up 10.7%. but we just talked about some stocks here. we need to check a bunch of the good news boxes that we haven't yet hit for you yet. let's take it first to chinese stocks. yesterday, they got trashed, sinking more than 7%, which wiped out, well, at least for one of their indices, the shanghai, 445 billion, but total when you bring in the shenzhen,
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it was $720 billion in market value between those two components and composites. enter china's version of the federal reserve. china's peoples bank of china injected 1.7 trillion yuan, roughly $42 billion u.s. into the china economy, to offset the coronavirus's negative economic impact. that in turn, as you see, shoved the shanghai and shenzhen back into the green again. one of the best proxies for the state of china's economy is copper. after dropping 14 straight sessions, look at it today. yesterday it hit a five-month low. the metal used to build out everything from telecom to skyscrapers finally enjoying an up day, seeing gains of 1.6%. let's check copper miners, names like southern copper, tech resources, all of them, nice
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move for freeport up 5.33%. here's yet another box to check. back here in the u.s., december factory orders increased 1.8%. that's their largest jump in one and a half years thanks to strong demand for defense aircraft. sh rank a little bit. but to earnings, 30% of s&p 500 companies have reported results so far. of those names, 70% have beat profit estimates. to our floor show traders, as good news abounds, gentlemen, knowing this is a headline-driven market, do you believe today or last friday when the dow was hammered and dropped 600 points? john? >> this market is what have you done for me lately. every day, it's whatever headline really piques everyone's interest, that's what's going to move this market. our markets are certainly headline-driven. it's just a question of who rallies behind that, who follows and do we get the snowball effect. clearly the headlines we are seeing about china and the
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coronavirus are real headlines. they are market-moving headlines. but it's just a question of how long do we have this cycle continue to go for. friday's activity was real. we got through the weekend, the risk-off trade, china reopened. we kind of expected that to happen. the flush-out we have seen has been interesting. the trading yesterday and the flat line today. when i say flat line, we have opened on the highs and we have stayed there, directly straight, which is showing me this market is trying to stabilize itself at this point. so yes, i do believe in the headlines that we are looking at right now but this can change at any given moment and let's not forget about the other headlines we have been focusing on, tariffs. we have state of the union tonight. we had the fed last week. all these things are going to continue to churn the market around but interesting how politics and geopolitical can always move this headline. tomorrow's going to be a new day. i think tomorrow's focus will be on the president's speech. liz: okay. ira, do you believe a headline
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like today which is a much better one, there are multitudes of headlines today that are really good, or friday, or as john says, you know what, just stay the course, do not panic either way. panic buying or panic selling, depending on a headline or two. by the way, even as crude oil is now in a bear market, that's sort of that one area that can't seem to climb higher. >> what no one is mentioning here is january 23rd was when in wuhan the virus happened. we have been told there's a two-week quarantine period. my math shows that sometime later this week, that we are in, we should hear from the chinese whether or not the vast majority of people there are not going to get the virus, if it's a two-week period. now, not everybody's obviously contact starts the same day but we are getting to that point. as john said, it's all going to be headline-driven. here's what bothers me today. after this monster drop in copper, you get a three cent rally.
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i'm not impressed. i think it's still bearish. in the energieenergies, you cou hold on to the rally at all and all this talk of maybe going to a 500,000 to a million barrel cut. what we see is money is on the sideline in america and the moment you feel you have missed it, everybody jumps at one time. i would wait for this market to stabilize and give you that f l pullback. in the nasdaq when you are heavily weighted by tesla which was my christmas pick with you -- liz: yes, i remember. >> the market has roared. i'm not through with that. i'm still friendly that and amazon but we have to use our heads. we have another leg to come on this virus. if we find that in another province it takes hold after that 14-day period, this market's going to go the other way. we are playing something we don't understand and that is the hardest thing to do, playing a virus that we know nothing or little about. liz: you know what, we've got 60 million people in and around wuhan that are under lockdown but five million fled the region
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before they locked it down. i think you're right. both of you, though, are looking at a very strong rally today and it's broad-based. we will keep an eye on it. thank you so much. let's get some breaking news for you. we have a camera in portsmouth, new hampshire right now focused on a live event with democratic presidential hopeful amy klobuchar. the minnesota senator and the rest of the 2020 field still, can you believe this, do not know who won last night's iowa caucus due to the technical disaster that showed inconsistencies with the voting app that was used for the polls. let's get to hillary vaughn live at that klobuchar event. we are watching the clock. i can only imagine all the campaigns there are as well. we are expecting an answer about the iowa caucuses at 5:00 p.m. reporter: that's right, two hours from now. eyes certainly on the clock but that hasn't stopped campaigns from leaking out their own internal numbers of how they think that they have done. klobuchar's campaign manager says they believe from their own
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internal data that they are even or ahead of biden, headed into new hampshire today. i'm going to take you inside this event and show you, we are just getting ready to start but you can see there is a a pretty packed crowd for klobuchar here today. typically out of iowa, the top candidate does get a bump but instead, candidates like amy klobuchar got to really capitalize on prime time coverage even without the final vote. she was the first to speak to supporters last night in iowa. there has been, though, a little bit of chaos caused by campaigns selectively leaking out their own internal data ahead of this announcement from the iowa democratic party. mayor pete buttigieg essentially claimed victory last night onstage in iowa and he's getting a little blowback from that. senator bernie sanders is on a plane headed here to new hampshire. he said he's not ready to claim victory in iowa. he thinks it's only appropriate for candidates to wait for those final results which we expect to get in about two hours. liz: hillary, it is a
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fascinating development. i don't know if you saw this out there but let me just show our viewers. the "new york post" saying duh-moines. listen, it happens. it happens. but these things should be tested. by the way, iowa is set to release the results of its caucuses at 5:00 p.m. eastern. that will be right around the time david asman and his "bulls & bears" grabs the fox business baton so you can't leave us. here's another reason why you can't leave us. look at tesla. folks, tesla has hit $950 a share. check it right now. it's at $940 but it touched $950. can we look at an intraday? i don't know if that's possible. we had thought maybe it will hit 940, then 950. sure enough, the high of the session right now at least from a few minutes ago, it hit $951 even. we will keep watching this even though the closing bell is 48 minutes away.
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nothing soft about microsoft stock. one of the leaders on the dow 30 in this final hour, after white house economic adviser larry kudlow announced the tech giant along with dell and at & t will be members of a new infrastructure army that the government is forming to battle china's huawei for 5g dominance. microsoft up $5.09. president trump gearing up to deliver his third state of the union address tonight. no doubt he will tout a strong u.s. economy, but how will he convince voters that his policies will continue to provide economic stimulus even as the country goes further and further and further into debt? our expert panel weighs in when "countdown" comes right back. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best...
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liz: let's tackle tonight's state of the union address. the headliner will no doubt be this very resilient, let's call it very strong american economy. president trump sure to tout low unemployment, which has dropped dramatically since he took office, and he will likely mention the stock market which has surged to record after record, gaining $10 trillion in market value over this past year. now, he has avoided an economic
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downturn in this last half of his first term. people were talking about it, remember, quarter or two ago, but hasn't come out, but growth has slowed lately after the pickup in 2018 as the effect of his tax cuts, the gop tax cuts, wears off. bankrate senior economic analyst mark hamrick and axios market analyst dion reboine here to talk about what he needs to say tonight, how he needs to spin this great story forward into the coming year. what does he need to say? >> i think he takes credit for the strength of the u.s. economy. that's the theme we hear, it's going to be the great american comeback. it feels a little like mission accomplished to me so i think we want to be careful with that, because as a president seeking re-election, you want to ask the american public to give you permission to serve another four years, so obviously a number of different proposals are going to be at least alluded to in this speech to give americans a reason to want him to come back. obviously as you point to the fact that we have unemployment
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at 3.5%, he can claim some credit for that and i think we all fully expect him to do just that. liz: okay. you say he needs to talk about, you said he might allude to. dion, would you say he needs to blurt out some hard and fast plans whether it be infrastructure or health care tonight? >> i definitely think he's going to talk about that tax cut. i think that's going to be one of the big things. treasury secretary mnuchin has kind of put that out to the folks and really kind of teased it a little bit. infrastructure spending, it's unlikely we will get either of those things with the senate being where it is and the house being what it is, but there are certainly things that president trump can put forward and say these are things i want to do, these are going to help my economic agenda in the next four years and try to get the american people on board. there's not really a lot that he can realistically do at this point because it's really a lot on congress. he's kind of stretched things particularly with the bailout for america's farmers about as far as they can go. i'm interested to see what he
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has to say. liz: we remember back in the day when republican presidents like ronald reagan talked about, decried the debt and deficit. >> do we? liz: we got a $23 trillion debt. >> 23.2. liz: i just looked down. 23.2 trillion. now we've got a deficit of $1 trillion. that means the tax revenue that's coming in is not enough to cover the spending of the government that's going out. does he even touch that? >> i don't think he can, liz. we know that he has put out the idea that perhaps we will go after entitlement spending in the next term but that's the third rail of american politics and we do not have the environment in washington where both sides can come together and in a sense give the other side permission to work through a process like that, even though entitlement reform, to shore up social security, to make sure
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that promised benefits are provided, we don't have both sides coming together on that so i don't know how the president really tries to get ahead on that issue here. >> i got to say i don't think he's going to touch that entitlement reform thing with a ten-foot pole. if i was him, i would stay away from it. i'm sure his advisers are telling him the same thing. liz: you know what, i get it, but at some point, somebody has got to discuss the debt and deficit, but we just did. i don't know if anybody is listening. >> we took care of it right now. liz: finally, the president gave a rousing speech in davos but it was very america-centric. now, he checked off all of these great numbers that have been so strong, whether it's unemployment or the economy, et cetera, but i finally have to ask you, he loves to talk about the greatest hits and who wouldn't, but does he need to make some promises that he hasn't done before? >> i think right now, top of mind for a lot of folks out there is this coronavirus. i just heard on the way here that we had a case here in new york city. you've got deaths happening
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outside of china right now. that will be interesting because it could have a very significant effect on the economy and could even hit the u.s. economy in a notable way. be interesting to see what he says about that. also interested to see if he retakes aim at the federal reserve and jay powell, the guy he picked. he's really done a serious number hammering jay powell on the economy, saying it would be ten times what it is if he weren't in place. the stock market would be ten times higher, we would have 10,000 more points on the dow. i wonder if he turns and starts to push that button again while he's taking this victory tour or if he just stays on the positive. liz: i don't know. do you really want to mention jay powell, especially considering that the fed paused and then cut? >> well, i wouldn't have suggested that he target the fed in the first place. i think the fed made its own decision to cut rates three times and jerome powell obviously doesn't want to be part of that conversation. to go back to the earlier point, i think the president will engage on one of the major
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issues that americans are looking to washington to tackle and that's health care. obviously the democrats are playing that issue very high in their agenda. liz: i hear a lot of people say, you know, anecdotally i can't afford this or i couldn't pay for that and i'm desperate. that is very important for a lot of americans. great to see you both. thank you so much. now look at tesla. if you check it at this very moment, it's up, it's at $954 a share and climbing. folks, when we started the program, it was at $938 a share. as we watch the markets and as we get closer to that closing bell, we are 37 minutes away, just a little over two months ago, naysayers were counting the electric vehicle maker out after elon's cybertruck pitch went wrong. remember the big smash moment? well, it's a whole different ball game now. look at this. as shares surge more than 167%
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since he smashed that window, yeah, it's been a shattering case of success but could today be the day tesla may be hits now let's call it $960 a share. we will be watching. meantime, yes, the super bowl winners taking home their first title in 50 years in miami, just 48 hours ago. up next, we've got the behind the scenes look at sofi stadium, the so-called city within a city, where super bowl lvi will kick off in just two years. "the claman countdown" is coming right back.
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call now to purchase 1/10th ounce gold american eagles for the amazing price of only $154.00 each. liz: folks, things are moving very fast and very furiously. the nasdaq just hit a brand new record intraday high, up 208 points. when we started this topic right now. now it's up 210. second by second, this is a very
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fluid market. i need you to stay with us because amazon, flip it over to amzn, just hit a record high. look at this. an all-time record high. that's the intraday but you see 2056 per share. amazon is seeing a $52 and change gain right now. and tesla, what did i say, could we hit 450? we went past 450. can we hit -- sorry, 950. will we hit 960? we went past 960. right now, we are at $960.30 but we already breached the $965 a share mark for tesla. don't worry, i'm going to keep checking in on tesla minute by minute because it is a momentum play the likes of what we have not seen ever. ever. as we look at this stock, high of the session $965 a share for the electric vehicle giant that so many short sellers tried to beat down. not working today. all right. they're still sweeping up the
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confetti in kansas city but here on "the claman countdown" we are already looking toward next season. last month, you may remember "countdown" was the first television network show granted the first behind the scenes tour of allegiant stadium. i got it from cox communications and the raiders because it's soon going to be their home. they will be called the las vegas raiders. it will have 1700 wireless hot spots, 220 television screens and will be the most connected stadium ever built. but the raiders are not the only team moving into a new home in the 2020 nfl season. to robert gray in los angeles. you got an exclusive sneak peek at a new home for not one, but two nfl franchises? reporter: that's right. nfl doubling down on hollywood. the rams and chargers both returned to l.a. in the past several years after decades in other cities. now they will share state of the art sofi stadium in nearby
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inglewood. it's the first indoor/outdoor venue using a space age plastic roof with openings on the sides. it will feature a 70,000 square foot double-sided scoreboard called the oculus. the oval shaped center hung scoreboard weighs about 1 million pounds and stadium officials claim it will be the largest l.e.d. playback system in use. the stadium will seat 70,000 fans and can expand to 100,000. that will come in handy when the venue hosts major events including super bowl lvi just two years from now. the first super bowl was played in l.a. it's been a long wait to bring the big game back to this area. >> bringing the super bowl back here, the greatest event the nfl has back to los angeles for the first time in 30 years really cements what an impact it will have on the city. it will be the largest sports tourism event since the olympics. reporter: the stadium is already slated to play a role in the '28 summer games and host the
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college football championship game but it's taylor swift that kicks off things in july. i'm told the venue's 85% completed right now as of my tour but stadium officials say they will be ready for it, gnr and more to come as well. this 300 acre hollywood park complex with residents, office parks and hotels as well all set to open by super bowl lvi. back to you. liz: know what we need? we need more people to go to those charger games, or send it back to san diego. i feel terrible for the san diego fans. their team was ripped right out from under them, being a california girl, i know how much they cared about them. reporter: i'm sure some arbitrage guys are looking at the psls and season tickets. it could be a good opportunity. liz: absolutely. robert, thank you very much. robert gray. could the coronavirus take the magic out of a magical stock that disney has been this past year? the closing bell ringing in 28
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minutes. the dow up 472, the nasdaq up 210 points. the mouse house's shanghai theme park and hong kong resorts remain shuttered. it's been several weeks now as the coronavirus claims 427 lives and counting. up next, we've got the disney bull on high alert due to the outbreak threat and why he says you actually should be worried, too. "the claman countdown" is coming right back. we will check tesla moment by moment.
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liz: how would you like to see a stock that you own jump $177 in a single day? tesla is doing that right now. believe it or not, it's off the highs of the session. it's at $958 per share. we started the show 37 minutes ago and it was at about $938. right now we have it at $959. the high of the session, $965
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per share. surely there's a halo effect, right? oh, yeah. look at the battery makers, the electric vehicle battery makers, lithium is surging on the coattails of tesla's moves. panason panasonic, look at albermarle, up 13%. livent up 18.7%. investors are also glued not just to tesla's minute by minute jump but to disney's stock as the company gears up to report earnings after the bell. we have a gain of 2.8%. while the focus absolutely should be all about the debut of everybody's beloved baby yoda, look at baby yoda, yeah, thankfully to the mandalorian which is from disney plus's streaming output along with disney studios racking up their sixth and seventh billion dollar films of 2019, could the coronavirus outbreak take magic out of disney's future forecast?
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one disney bull says the virus will not only be costly to disney but could get way worse if it's not contained. that's gerber kawasaki ceo ralph gerber along with porter bibb. how bad could it get? >> we just don't know yet. but seeing as all the theaters in china are closed and they are about to move on, that's not good. and you have the risk if any infected person goes to disneyland or whatever, it could cause a lot of problems if people get scared. we don't want to jump to too many conclusions yet because a lot of drastic measures are being taken, but we are very concerned how this will affect tourism in general and specifically disney, although i'm super-bullish on the company. liz: porter, you have shanghai disney closed -- >> and hong kong. liz: hong kong as well. those theme parks matter, certainly. what do you expect the coronavirus short-term effect to be on disney? >> i think this could be maybe a
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$100 million deficit for disney with both theme parks. they lost the chinese new year last week, the biggest attendance period of the year. but it's not that important to the overall disney picture. liz: ross's head is turning around 360 degrees even though you are a big disney bull. in fact, the last time you were on, more than a month ago, you said i absolutely love disney, and boy, have you seen a nice move since then. but what do we look at here as we spin forward beyond the coronavirus? i think we need to talk about streaming, but let's not forget cord cutting. >> right. so first of all, i do think whatever impact the coronavirus, if it's solved in a reasonable amount of time like this quarter, i think you will get an upside when chinese people are allowed to leave their homes again. they are definitely going to go back to disneyland and spend a lot of money that they weren't able to spend right now. but the real thing is disney
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plus subscribers. we have no idea how many they have right now and it could be a big number like over 40 million. but i think that's the future of disney and what's going to protepr propel its growth, hulu, disney plus, and hot star in india and espn plus. they have four great streaming services. this is where they will drive a lot of growth in the future. liz: what about the subs, the subscribers? a lot of them are at a promotional level. they came in either discounted or outright free. can we really trust these numbers? >> well, independent researchers have said that over 10% of the disney plus subscribers are ex-netflix and dropped it. over a third of the netflix people are also disney plus. the big number, i agree with ross, i think you are going to see a huge step up. they went overseas last month for the first time, on day one
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in the united states with canada and mexico. they got over ten million subscribers. they are going to be in the 30 to 40 million and they are really going to start to dent netflix's offshore subscriber base, because that's where netflix is growing. they are shrinking in the united states. liz: but there is competition. apple tv plus, ross, what about that? and comcast's peacock? >> dead in the water. liz: which one? >> both of them. liz: really? >> yeah. liz: porter? >> porter, remember with apple tv, they just hired the guy who used to run hbo. >> they did. >> so i do think he's super-talented and can save -- >> the difficulty they have is at & t doesn't know, doesn't understand what made hbo so great and so profitable. >> totally. >> they are taking it mass market and coming way downscale in terms of the quality of the programs that have been offered. liz: comcast is jumping right now by more than certainly disney. >> i think for apple tv plus, i
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think they might try to be more like the old hbo but it will take them a couple years to get content really going. i think they are both kind of d.o.a. >> peacock is another -- it's a hybrid. they are going to make it a free advertising sponsor business and you pay $10 and you can cut the ads. liz: we'll see how that works out. porter, always great to see you. ross, we know you love tesla. you took some off the table. i do have to ask you, we are really rushed here, but did you sell too early? >> no. not at all. i have so much tesla, i sold more today. you know, look, we have so much -- liz: really? >> nobody is talking about the three chinese electric car companies that are all ten times bigger than -- >> it's just when you make this much money, you have to take some profits.
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>> best short squeeze in history. >> i'm excited. liz: tesla is at $960 right now. we are appreciative of both of you guys coming on "the claman countdown." we'll be right back. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks.
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liz: one fitness bike battle in the legal world has come to an end. popular at-home smart fitness bike maker peloton has now settled its dispute with flywheel sports. peloton claimed flywheel had allegedly stolen its technology and patents that are considered very important to its success in this growing fitness industry that comes with subscription. flywheel which started out as a
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popular destination for in-studio cycle classes, then moved into selling at-home stationary bikes, very similar to the peloton model. flywheel now says it will stop using the leaderboard technology and admitted it had copied elements of peloton's designs. other financial terms of the settlement were not disclosed but it's giving peloton shares a little bit of a bump, as peloton gears up to report second quarter numbers after the bell tomorrow. a third of a percent higher for peloton, which now stands at $33.50. changing gears, bike gears and all gears, if these walls could talk. president trump preparing to give his state of the union address on the eve of the senate vote that will decide the future of his presidency. connell mcshane live on capitol hill in the thick of it. this is interesting, tonight and then tomorrow? connell: oh, yeah. this timing. what a week. i feel like i was in iowa about eight months ago and it was eight hours ago. now we are moving on to the
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state of the union address, third for the president. as you say, comes right after iowa, comes right before his expected acquittal in the senate. he's expected to really focus on his economic record tonight. we are going to talk it through next hour, live here from just steps outside the house chamber. we have members of congress from both sides of the aisle, senator inhofe will join us, the senator from oklahoma, also congressman greg meeks from new york is among our guest. we will check in with chad pergram who always brings an historical perspective on a night like this. all that, plus this market rally and earnings from ford and more at the top of the hour. melissa will be in new york, i will be here in d.c. should be another busy "after the bell." liz: chipotle and i mean, the names, tesla stock. crazy. connell, thank you. connell: how about tesla? liz: we are literally, connell, we have been looking at it every two to four minutes. it's been a fascinating climb. just real momentum.
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stay with fox business and connell tonight for special coverage of the state of the union address. what we are going to do, we will begin that coverage at 8:00 p.m. eastern time. of course neil cavuto, the star of the business world, will be running our show. you do not want to miss it because we look at it through a different lens, the business and your money lens. in just a few minutes also, we will tell you, yes, where tesla is likely to close. right now, check it. $950.40. tesla is likely to possibly move higher. it's at the highs of the session. alked to even more real people than me: jd power. 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say
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"thank you, real people." you're welcome. we're gonna need a bigger room. 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. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond.
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giant. google's parent lower by 2 1/2%. really not on that. but on a revenue miss despite a surge in the youtube business. susan li with the latest on the investigation. i guess the stock is also getting hurt. while youtube looks so good, wasn't good enough i guess? susan: high expectations for the company. i spoke out with the state attorneys generals. they are staying mum. some have not pot back to us. some say it is crucial percent step of the two sides, department of justice and state attorneys general working together. they were sharing information in the respective google antitrust probes. don't forget back in the late 1990s, boeing sides, doj, state attorneys sued a company called microsoft. of the interesting turn of events. doj chief antitrust person makan delrahim, had to recuse himself in the investigation. the reason? the that google was a client of his back in 2007. he lobbied the government for
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the acquisition of 3 billion-dollar acquisition, of doubleclick, which is now crucial which is google's advertising business. this is something senator elizabeth warren called on as well, makan delrahim that he should recuse himself. talk about the antitrust and cost involved in this, i spoke to porat, cfo whether this will bump up or hurt the bottom line? she said quickly will continue to invest in operational excellence and privacy data, trust and safety. liz? liz: susan li. thank you. four mints to go before the closing bell rings. kristina partsinevelos on the floor of the new york stock exchange. among the major rally we're watching tesla. sizzling high. give us a up to the second temperature check. >> there's a lot of catalysts for the momentum. you have extremely bullish analyst reports from argus and ark. investor ron baron believes the
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company could hit one trillion dollars revenue in 10 years. you have short selling and fear of missing out. that is coming off the highs of the day. yesterday we saw it close 20% higher. today hovering around 13%. a lot of people are surprised by this reaction. i will end on this little caveat, harvard researchers model the probability of a crash in tesla's stock price right now is more than 80%. so let's see who is going to risk it. liz? liz: who said that harvard? reporter: harvard. what do they know. liz: let's ask berkeley, my alma mater. kristina, thank you very much. tesla is losing some steam here. right now at 880 bucks. remember just a few minutes ago. we were at 960, some profit-taking. markets are also in the aggregate off session highs. bring in burke financial strategy ceo john burke, with
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half a billion in assets. what do you think is happening here? profit-taking? >> liz, ifs ands and buts were candy we would have a party. guess what? we're having a party. there is a lot to be afraid of. look at coronavirus, this thing under control yet? no. bernie sanders rising in the polls we think in iowa. that would be very scary to the markets. there are some good things, long term it seems like we've gotten a little ahead of ourselves here with this market. liz: okay, ahead of ourselves. there are still names you liked coming in today. when you walked in the door, sat in the green room. you had a list. one of the names is cvs. tell us what it is about that company you say is buy it? >> first we like it is a health care stocks. health care stocks are like technology stocks that they have had greater revenue growth for rest of the market. not like technology stocks. they're relatively cheap after underperforming for last two years. cvs is very cheap.
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has a free cash flow yield 10%, pares to market less than four. that means it is really cheap. easy for them to fund a 3% dividend. to fund dividend increases. at the same time baby boomers get older, we'll need more health care. liz: one minute left in the show. check it the dow was up 400 points. i would say that is still a roaring rally. do you see anything beyond the coronavirus which could be short term we certainly hope, we look to see, this economy, something shaking, something shaking the foundation? i don't. these numbers keep coming in very strongly. whether industrial numbers or what have you? >> certainly long term looks great. you had ism manufacturing number yesterday pricing to the upside. commerce department report this morning, manufacturing that was terrific. you've got the finally the baby boomer, our kids are moving out of the basement.
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they're buying stuff at home depot. [closing bell rings] long term looks great. i'm a little concerned in the short run. liz: john burke, thank you very much. on a rip-roaring day, markets close well into the green. nasdaq the star up 195 points. tesla still up. melissa: what a rally on wall street today. all three major averages ending the day in the green for the second day in a row as investors wait another round of high-stakes earnings and amid, i'm sure you heard about that caucus chaos happening in iowa. the dow ending up 409 points, back in positive territory for the year. the s&p 500 also ending in the green but the record close for the nasdaq is its 148th since election day, closing up more than 2%, just on fire today. just moments from now, disney set to report quarterly earnings results, finding out the numbers here first that could impact your wallet tomorrow. i'm melissa francis inew
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