tv The Claman Countdown FOX Business February 7, 2020 3:00pm-4:01pm EST
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actually starting to turn around. charles: i will leave it there. thank you very much. i appreciate you saying hey, i was wrong, at least short-term. by the way, folks, overwhelmingly, many say nancy pelosi was the big loser but so was the new york knicks, iowa corn futures and cannabis industry. liz claman, over to you. liz: oh, are we going there? the l.a. kings don't look so good, either. charles: no, they don't. liz: charles, thank you very much. all right. folks, just as royal caribbean cruises anxiously awaits confirmation on whether any of the four of its passengers who landed on america's shores in new jersey this morning might be the coronavirus, the cruise line giant's stock is dropping, 3.75%, as the company has just issued this order. any guest or crew member going from, to or through mainland china, hong kong and macao under 15 days before sailing will be banned from boarding its ships. no matter where they take off.
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the outbreak and global growth jitters have investors shaking despite an upbeat january jobs report. the dow down 266, off the lows. we have the s&p lower by 16, the nasdaq losing 47. bob doll is the trillion dollar man, he's in new jersey at this hour. he's about to share how he's predicting whether a potential pandemic could send the market and economy into panic mode. and there's one particular thing he's watching. the shorts back in action, swirling around tesla. $18 billion worth, betting against elon musk. but tesla is now the most shorted stock on wall street. could the stock haters be about to be squeezed again? as elon continues his happy dance. we've got a bull/bear debate. plus uber stocks beating, you ready for a "friends" reunion and charlie breaks it on joe biden's wall street appeal. less than an hour to the closing
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bell. happy friday, everybody. let's start "the claman countdown." liz: and we are just getting this breaking news. the national transportation safety board says there is no evidence of outward engine failure in the helicopter crash last month that killed nba legend kobe bryant, his 13-year-old daughter and seven others in los angeles. the ntsb as we understand it is looking at the role heavy fog played, and a final report is not expected for at least a year on this. by the way, a memorial for bryant and his daughter will be held at the staples center in los angeles on the 24th. all right. to the markets. investors are hailing uber's stock at this hour, in this final hour. it is holding on to all of its gains of the day, up 9.25%, on pace for its best day since its ipo back in may.
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after the ride sharing company forecast that it would reach a key profitability goal sooner than expected, well, when, right, fourth quarter of this year, the stock took off and hasn't looked back at least for now. it's at $40.53. to ford, going in the opposite direction. ford's hitting a 52-week low after a management shakeup following a disappointing forecast that came out earlier this week. ford's stock down 1.33%, back at this $8.14 level. the automaker's strategy chief jim farley is taking the job of chief operating officer and that basically, when you look at the history of ford, puts him in line for the ceo role. kind of a shocking headline rocking europe's financial sector after credit suisse's ceo quit europe's top bank after a spying scandal involving former executives who were being tailed. the head of credit suisse's business will take his place. he was not the one who had
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ordered the spying but he takes the fall for this. credit suisse down about .33%. look at video game publisher take 2 interactive. it's shooting the air ball after its holiday quarter revenue missed expectations due to weak performance from its nba 2k 20. it's down 11%. not a good day for that company. and a new risk to the federal reserve's outlook made its appearance in the semiannual report to congress. the fed now says possible spillovers from china's coronavirus are really the cloud for u.s. economic growth this year. so now the fed is wading into the rough coronavirus fear factor waters. but the churning has been going on for a month now, and at this hour, the list of businesses warning of fallout piling even higher. you've got the luxury brands on the screen here. canada goose down 4%. estee lauder down 1%. burberry down 10% year to date.
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so today, both revealed the virus is hitting their sales. burberry scrapping guidance. then lauder says the virus will dent its 2020 profit outlook. in and of itself, is the virus powerful enough to really derail this very strong bull market? in a fox business exclusive, nuveen's bob doll is here. he helps manage the firm's $1.2 trillion in assets. we are coming off four sessions of gains during which the coronavirus was still spreading. do you see something else? what are you looking for that, if put into the recipe, could spark a more lengthy selloff and kind of blow up the stove? >> the surprise to me is how strong the last four days were. we have not conquered this virus. it does look like there's some cresting in terms of the number of cases, thankfully, but the impact is going to be felt certainly in china, and globally, to some degree.
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if we know the history of these sorts of things, they come, they go, and life goes back to normal. let's hope that's the case here. but i don't think we have enough information to know. the market's been up on some okay economic news here in the u.s., some of the election talk this week, but i think some more profit taking as the market is acting very tired at the moment. watch the coronavirus impacts on corporate earnings and the announcements for the rest of the first quarter review of the fourth quarter. liz: we are looking at video, bayo bayonne, new jersey. that cruise ship came in this morning. four people are being tested. so far we don't have the final confirmation results. one apparently has been tested and came positive for influenza, the flu, but not the coronavirus. it's these kind of headlines that are now hitting our market-based, you know, headline and news source that we get. thompson reuters and our own
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wires at fox business. i'm wondering, pair that with the fact that the markets, some would say, appear to be overbought, is that enough to maybe really scare the bulls away? >> it could be. i mean, the hope or the consensus for earnings growth this year is plus 9%. i think even ex coronavirus, that's a pretty big number given what we are looking at. you add this nick at a minimum to those numbers and the market's probably going to take a pause. i don't see a big downturn because i don't see a recession but we could pause and be choppy and frustrating for quite some time here. liz: okay. but let's talk about what to avoid, and where you feel at nuveen there are opportunities. you could look at very low mortgage rates and home buyers. i'm just interested, you see the luxury names we just showed, i wouldn't say nike is exactly luxury but nike has been dinged.
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apple has been dinged. they don't have enough components right now in the pipeline to even make the airpods. tell me what you like that might have a little teflon around it. >> things that are more domestic in orientation have fared better and will probably continue to. so you know, some of the retailers here, target, best buy, companies that have a lot of business to asia and china in particular, that's where the questions are getting asked. they're the stocks that have gotten hit harder. i think the stocks that are up a lot, if we have a selloff, as you are postulating, possibly, those stocks will get hit hardest. some of the technology names, some of the software names, names that haven't done so well, perhaps some energy names that have a yield, can hang in there a little better, if we have a downturn. i don't know if we will have a big downturn. i come back to choppy and frustrating. liz: i have to ask about the ten-year yield. it's dropped about six basis
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points from just yesterday, it stands at 1.58%. i'm not so concerned about the fact that we are seeing a loss of 278 points for the dow. we just hit a record high yesterday. but the bond market is almost trying to telegraph something here. if you talk to fixed income experts. and when i check the two and five year, it's really flat at the moment. in fact, you could argue that it's exactly flat. hasn't inverted yet. tell me, is this a time to at least have a bigger pile of cash versus equities? >> i think that's not a bad idea. fixed income numbers that you are citing, i don't think we can say are good news. not necessarily bad news, but you know we had that big run up above 1.90 on the ten-year in the back part of the fourth quarter, then led by coronavirus, we have moved down a lot, a basis point.
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we have to twhawatch that caref. my view, if the history of these viruses is that they are going to pass in the next couple months and that the economy is okay, we will start seeing that ten-year number move from 1.60 to 1.70, 1.80. we might even see 2.0 before the end of the year. liz: that's a big prediction. we will bring you back when that happens, bob. before that, hopefully. good to see you. >> all the best. liz: bob doll of nuveen. even as u.s.-based companies continue to warn the coronavirus will hurt their business this quarter, everyone still appears to be hiring. witness the january jobs report, which came in this morning far better than expected. non-farm payrolls adding 225,000 new jobs versus predictions the number would be more like 160,000. yet the markets are still falling. what deeper maybe within the sunny labor picture we got today for january do traders think might be dousing stocks in the red? is it something like that, phil? labor participation picked up.
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that's a good sign as well. did you see something lurking in this number? >> you know, the only thing in this number that i saw that might have been a little bit disappointing, was the drop in manufacturing jobs. that's one of the sectors that had been weakening a little bit. but you know, you add the coronavirus on top of that, it makes those numbers look a little bad. but that fed report that came out later in the day, you know, soothed my concerns just a little bit. they seem to suggest that they expect the manufacturing sector in the u.s. is getting ready to take off again. that's what they led us to believe. but that can be all thrown out the window, because we just don't know about the coronavirus. now, considering we have been flip-flopping back and forth the last couple days and reports are it's going to get bad, going to get worse, could be peaking, might not be, and that's what the market is worried about today. and i think if we turn this into a jobs report monday, you know, i think the market would have answers to that question and you would have got a much more
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positive reaction to yesterday's or this morning's number. liz: you know, you could argue, on our screen are the dow losers, dow, caterpillar, 3m, apple, goldman sachs, maybe ex goldman they have connections to china, supply lines going through there. tim anderson, gold finally punched through. the high of the session as about $1573 per ounce. now we are at $1575. look at this. so we do have fear or at least the belief that you need to go into some trades that are safe havens, do we not? >> well, maybe a little bit. i wouldn't be real excited about gold unless it went through $1600 with some conviction. i think that, you know, the utilities had a big run, no doubt about it. utilities could be economically sensitive. some people overlook that. i just think that this jobs
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report was a very strong report any way you look at it. i know the manufacturing numbers were off a little bit but the construction numbers were up 44,000. i would take a close look at the housing numbers the next couple of months, because that's a sector that has been percolating with activity a little bit, and other than that, the market is just having a little bit of a well-deserved pullback, short term, maybe a little bit ahead of itself, and clearly going into a weekend, we saw this last friday, people just don't know, you've got two and a half full days before you get anything new maybe from the virus. liz: therefore, people don't want to go into the weekend long. that just seems how it feels. gentlemen, it's been a long week. thank you. because it helps our viewers really understand when you bring us that story from the floor. mortgage rates have fallen to the lowest level since 2016. average 30-year fixed,
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unbelievable, 3.45%. no wonder the home builders are up. isis, cold feet and ebay no a deep freeze. the closing bell ringing in 47 minutes. the dow down 281 points. new york stock exchange parent intercontinental exchange, known as i.c.e., got almost immediate blowback from wall street including its own investors and ebay's investors, when merger talks broke yesterday that i.c.e. might want to buy the online auction giant for around $30 billion. two hours later, i.c.e. bailed. today its stock us jumping 3.25%. on the other hand, ebay investors pressing the sell it now. not the buy it now button. down nearly 5%. up next, president trump pushing economic freedom in north carolina in just the past few hours, highlighting his opportunity zones initiative, about two and a half years after the program's launch. how is the plan to develop low
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percentage when you look at everything else. president trump has just left that stage and boarded air force one in charlotte, north carolina, after touting his economic record today. at the end of a week that saw him acquitted of impeachment charges in the senate and hit some of the highest approval ratings of his presidency. one component of his work that the president highlighted was his opportunity zones. these opportunity zones, it was part of the republican tax bill that was passed in late 2017, and what these zones do is allow investors to defer capital gains taxes and even offer tax-free income streams if they build headquarters and they develop areas that are hit by urban blight. there are 8700 opportunity zones that meet census criteria as poor communities with the economic innovation group estimating there are more than $6 trillion in unrealized capital gains available for
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potential investment. opportunity zones made up part of president trump's boasting today. blake burman following it all from the white house. blake? reporter: hi, liz. the white house says they plan on having more of these events here in the upcoming months, especially throughout the year as the white house really does believe when they lay out all of the accomplishments that they think that they've had or they see that they've had over the last few years, opportunity zones, they believe, sort of fits at the top of that list. so for the very first trip post-state of the union, from just the other day on tuesday night, the very first trip that the president took today to highlight opportunity zones and really to continue to push this message of what exactly these opportunity zones are and how those within the community can benefit from them. here was president trump in charlotte, north carolina just a little while ago. >> we are deferring people's dreams to another day with relentless optimism, we are taking action right now and i
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mean right now to create a future of dignity and security for all. going to be an incredible situation. you'll see it. and we believe in no american left behind. reporter: the president also spent a lot of time talking about his support for hbcus, historically black colleges and universities along with the criminal justice reform bill that was passed in the recent years as well. the president today also announced at this speech a new reentry czar as he will be known. tony louden, a pastor from georgia, will be the reentry zone, trying to get those who were incarcerated ween tre-ente back into society, so they can move on with their lives. louden is the pastor at the church of former president jimmy carter. liz: more six degrees of
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separation. closer than republicans and democrats really think they are. very interesting. blake, thank you so much. we need to tell you about one social media stock that's putting a pin in its critics. with 39 minutes to go before the closing bell rings, and the dow now down 280, just 99 points above the 29,000 mark. up next, the blowout numbers that have social media scrapbooking giant pinterest bucking the red arrows this afternoon. and as the bears claw the markets in this final hour, elon fights back against those bears. the electric vehicle empire caught in the ultimate bull/bear battle this week. our all-star panel is putting on their gloves as we seek to duke it out on who will ultimately win this grudge match. that tesla prize fight coming up next on "the claman countdown." our retirement plan with voya gives us confidence. yeah, they help us with achievable steps along the way...
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liz: for 16 years, the american heart association's signature go red for women red dress collection has served as a powerful reminder to women that they, too, are very vulnerable to heart disease. while the annual glitzy red carpet dresses on the go red for women catwalk are absolutely stunning, the color red like i'm wearing right now serves as a reminder that heart disease is very much something that takes the life of one in three women in america. "the claman countdown" snagged some exclusive red carpet interviews with those very stars on the catwalk who came out for this year's go red for women event. we asked them what steps they take to stay heart-healthy. >> i do eat a clean diet, drink enough water, mediterranean so it's mostly plant. surround yourself with really good people who are loving and supportive and you have to love yourself. >> fresh fruits and fish. i love to rock climb. but it is mediterranean. sometimes there are meatballs
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involved. >> definitely dancing for me. i loike to dance. that's how i copy keep my heart healthy. liz: i'm a dark chocolate girl. you've got to learn more about how to prevent and treat heart disease. just visit go red for women.org. stocks are in the red. they are in the right color if you are talking about heart health. one of the biggest names in security locking itself up solidly in the green. to susan li, who's got that story and more in today's fox business brief. susan: i agree, dark chocolate is very good. let's talk about norton lifelock, topping estimates with its latest quarterly results. shares, though, are plunging earlier in the week on expectations of weak results but today, going the opposite direction, making strides and surging close to 12%. pinterest shares set for their biggest one-day gain in more than six months. revenue at the online bulletin board jumping 26% in the fourth
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quarter being fueled by a 26% pop in active monthly users. and workday shares getting the job done ahead of the weekend. goldman sachs adding the cloud-based h.r. firm to its conviction buy list saying it still believes the company is good long term and the recent underperformance versus its peers has only made shares more attractive. shares are up some 3%. up next, liz has an all-star panel to debate which side of the tesla bull/bear debate you should be on. "the claman countdown" is coming right back. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network.
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this week alone, losing a little bit of charge at this hour, and the shorts could be to blame again. the securities and exchange commission doesn't like it one bit. short selling in tesla stock was temporarily restricted by the s.e.c. yesterday. the watchdog made the decision in accordance with the s.e.c.'s uptick rule, that's a trading restriction which states that short selling of stock us only allowed on an uptick. the stock today is now open to those who want to short it again and as we watch elon, he's about to do that walk like the egyptian thing, there he goes. but you know what, he can dance all he wants. the 77% run-up in the stock this quarter alone is mystifying some of tesla's biggest bulls, even them. to jed dorsheimer, our tesla bull, to face off against matt maley. jed, long term you like this,
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right? but part of it is the shorts copy g keep getting squeezed. 85% of the stock is getting shorted. where do you stand on this? >> we are officially at a hold right now but looking for more attractive entry point. this is an awful short. it has been an awful short. not only are clients losing money, they are fwoeg ogoing ou business on this name. typically when you want to short, you want a market that's fully penetrated and a company that's not profitable and has problems. what we have seen from tesla, we have seen low market penetration, so if we look at the battery electric market, it's less than 2%. they own 60% in north america. they are scaling, the rest of the world. you've got four times greater efficiency when you go to electric versus internal combustion engines. all those are positive and suggest this trend is only going to increase. we think the bull scenario would be 50% by 2030 in terms of penetration. they have been able to service the debt because they are now cash flow positive, and they are scaling on a platform that has
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80% share so as i look at the three to the y, you share 80% of the components which should get to a fundamentally lower cost basis on a unit economic level. all that screams positive. liz: matt, bring out the bear claws. you got to fight against like 78 talking points that jed just had. go for it. >> well, one of the things, first, i want to say i'm not one of those permabears that think the stock is going out of business. back in june when the stock traded below 190, i said back up the truck and buy it with both hands. the problem is, you know, earlier this week, of course, the stock got above 900 and it was just, it seemed a parabolic move. when stocks trade in parabolic fashion, you have to look on a long-term basis fundamentally but you also have to look as a trader because it's funny, the stock can get washed out on the buy side. i know that sounds crazy but when a stock gets washed out on the downside, that's because of poor selling margin calls and
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such. the baby gets thrown out with the bath water and it takes a long time for the stock to recover. the same thing happens to the upside. not only we had short covering but huge open interest from the options market. it took the stock higher. now that that's behind us, it will take more than just a few days and more than 20% for this stock to stabilize, in my opinion. when you get that kind of washout move, i think the move will drop a lot, even a couple hundred points further and you got to be careful on this one. liz: jed, our bull, you have got a short-term hold on this at the moment. what's your next entry point? explain to our viewers where you would get back in. >> yeah. so based on -- so actually, matt and i don't seem to disagree that much. part of our rationale was just unknown around china and the ramp of the shanghai facility as well as demand there. we need a little better visibility around that. it's a huge component to the growth story here. that being said, the way that our ratings are structured is we would want a 20%, our price
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target is $750 which is precisely where the stock has gone. we would look for a 20% lower to be an entry point to go back to a buy rating, or we want to see the fundamentals shift, which gets us more comfortable around china. liz: okay. we are at $742, call it $743. 20% below that, he would get in. matt, if you had some money, if any of our viewers had some cash, five, ten grand, if not in tesla, where would you advise them to put it right now? >> well, believe it or not, one of the stocks that could be a big one for this year is ibm. there's a stock that's been not only dead money, it's been a loser for many years now. liz: absolutely. >> it's been a downward sloping trend but they made a big change if their management. that's led the stock to rally 15%. it's getting better. but on a technical basis, fundamental basis, they are focusing more on the cloud. that's positive. if this stock can move above
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$160, that would give it its first high or high of any importance in seven years, and take it above its seven year trend line and completely reverse the downward trend. so you need a little more upside for it to happen but that could be one of the big surprising stocks because it's very underweighted stock in most institutional portfolios. liz: yeah, yeah. buffett bought into that and finally said i'm out. i'm out of ibm. he waited around, i don't know. i just don't think -- i mean, they let thinkpad go. it was trashed. lenovo turns it into treasure. this is a company that's not at least for "the claman countdown" open at all when it comes to coming on, talking about them and bringing out their best ideas. we have had all these other companies come in, say look what we have done. we will watch it all. come back again. we will see you soon. >> thank you for having us. liz: you got it. warner media looking to make some new friends. with about 21 minutes before the closing bell, dow is still, yeah, languishing down about 270
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points. up next, the sitcom reunion 25 years in the making that could soon make a splash on your favorite streaming devices. and paying for college, anything but splashing around in a pool like a child playing. when it came to paying for college, darius quarrels, a foster child from the south side of chicago, discovered the real bottom line. it would cost him half a million dollars minimum to pay for just a four-year university. so how entirely on his own did he secure more than $1 million in scholarship money to attend university and then get his master's degree? it's a must-hear story. i've got it on my podcast. everyone talks to liz. darius is now teaching parents exactly how to do what he did for their kid. it's available on apple, google, fox news pod casts.com and alexa. subscribe and rate it, hopefully five stars because it's a great story. let me know what you think on twitter.
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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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liz: it's been more than 25 years since they first graced the airwaves but it appears the iconic "friends" cast, i believe it when i see it, are getting back together for an unscripted reunion special which is expected to help promote reruns on the series on the upcoming streaming platform hbo max. according to reports, jennifer aniston, courtney cox -- charlie: i only care about her. leave them all out. forget it. liz: they have all reached a deal with hbo and warner brothers tv but this could be closer than we thought. people familiar with the matter say that under the terms being discussed, each of the six stars could -- you ready for this,
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charlie -- could receive between 2.25 and $2.5 million a show. charlie: they get rid of all those guys and maybe courtney cox, just give all their money or half their money to jennifer aniston. just have her. liz: i'm so bored already with you. charlie: i'm telling you, i only care about her. liz: warner brothers could make a lot of coin. at least get some attention for hbo max. they are finalizing agreements with the show's producers. both hbo and warner brothers are units of at & t. the can sto is stock is up abou percent. from "friends" fans freaking out over the upcoming reunion to runners anxiously awaiting the nike air zoom alpha fly sneakers set to be released to the public later this year, connell, nike, you talked about this yesterday, and shares of nike are down a percent because some are saying they are going to make this like a thing like they are cheating if they wear these shoes.
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connell: it's not cheating. it's a little crazy. tell ed mcmahon to pipe down over there. liz: pipe down. charlie: wouldn't jennifer aniston look good in those shoes? connell: know what's interesting about charlie? he's been doing tv for like 100 years. he leans into your shot when you're on. liz: i know. that's like a local news gimme type of move. connell: get out of my shot. it's the liz claman show here. liz: thank you, connell. connell: was there tv a hundred years ago? i don't know how you put up with him. charlie: i don't know where we get these anchors from. they think there was tv a hundred years ago. connell: thank you for asking, charlie. we have a big show next hour. liz: connell, i can't even. just go. connell: now that you say you're right, we have a huge show next hour, glad you asked me about it. i'm going up to new hampshire this weekend. i will be there monday and tuesday. we are seeing a surge for mayor pete in the polls which i'm sure, we have been talking about throughout the day. there's also some new reports, charlie might know about this, some of the wall street money
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now, thinking about putting some of their dough behind mayor pete in order to stop bernie sanders. charlie: you read my e-mail. connell: we will talk about that. well, you are a little late. it was reported by someone else this morning. we will be talking about it. liz: connell, connell, don't take this hallway outside my studio. charlie: before we leave you, you have to tell your viewers it's buy low, sell high. not the other way around. you got that? connell: get out of liz's shot, would you? liz: thank you, ladies and gentlemen. connell, see you at the top of the hour. perfect segue that connell gave us. pete buttigieg getting an iowa bounce and now sources are telling fox business it may be at former frontrunner joe biden's expense. go. charlie: here's what's interesting about this. we have been polling loosely,
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you know, i'm not going to say with the margin of errors but speaking with major wall street donors of joe biden and trying to gauge. pre-iowa, they were pretty up. there's two new york city fund-raisers pre-iowa. they were essentially sold out. so i was saying post-iowa, what has changed. i will tell you from these wall street fund-raisers, the change is dramatic. here's what they are telling me. now, listen, anything can happen. this is, the news cycle today runs fast and joe biden comes in a close third in new hampshire, it's always a possibility, you know, the mood switches and people think oh, he was supposed to -- he overperformed. that might be good for south carolina -- excuse me, nevada, south carolina at super tuesday. what we do know here is as of right now, immense pessimism among senior wall street executives who are supporting joe biden. what they are actually telling me, listen, again, this is what they are telling me, this is what they believe, this is not something from the campaign, the campaign did not say this, but
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they are telling me if biden really does get blown out of new hampshire, they think it's going to be hard for him to stay in the race. if he doesn't show some heartbeat in new hampshire, even though, you know, all the polls have bernie way ahead, i think he beat hillary last time, right? bernie sanders? okay. if he doesn't show some heartbeat, it's going to be hard for him to make the transition to go forward, even though he should do well in super tuesday in south carolina. so that's where we are right now. this is a very very precarious time, according to the "wall street journal," donors for the joe biden campaign and i will just say this. these wall street guys always had a toe into the mike bloomberg camp. mike doesn't need their money. just wants their support. i'm just telling you that that's where this thing is going. if he doesn't do well in this, you know, half of me says they should wait at least until nevada to make this call, but you know, things move fast now. we should point out that we reported very early on, months ago, that joe biden campaign was
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downplaying the expectations of iowa and new hampshire, saying they weren't going to win, but i think iowa, he got blown out so bad, i mean, just the numbers weren't there, now they feel they have to do something better here. so watch it on tuesday. it's tuesday, right, the primary? liz: yeah. charlie: if he does not do well on tuesday, what um hearing from joe biden donors, even though people are locked in because that was pre-iowa, it will be hard for him to go forward. they are predicting, again, this is a prediction, but these are -- stop saying wrap. no one wraps. liz: oh, by accident on purpose, i'm leaning into your shot. charlie: what's that red thing? is that trump? is that trump's hair? liz: his is more blond. charlie: you know what his hair looks like? remember mr. softy, the thing? kind of like that. liz: at least i have hair. charlie: i have hair. liz: i know you do. charlie: it's just gray.
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liz: he's doing the martini from "one flew over the cuckoo's nest." charlie, thank you. "the claman countdown" will be right back. don't go away. for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it - with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. usaa
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>> five minutes exactly before the closing bell rings. i need you to stick with us even though we are done with dow 305-point heading a little bit lower than we were to close out the week. we hit record highs four days in a row before today. so look where we stand for the week. green on the screen. the dow will have closed up nearly 3% for the week, the nasdaq would've gained nearly four and the s&p 500 coming up right in the middle up about 3% for the week. not bad susan leak, you can absorb some of the red on the screen. >> i think some of the best in many ways. we have 30 components, here are
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the winners, technology, microsoft leading the pack. we heard from larry kudlow say were going to build a 5g, why not have companies like microsoft replace components like always. ibm big blue as well. united health came and possibly the increase on medicare. look at the board and as you see the s&p a lot of big names, biogenic seen a lot of businesses week. an analyst have been raising the price targets as well pray national oil, that is very interesting because we are seeing improvements in offshore markets and international went in the makeup maker and citigroup rate let's take a look at nasdaq, i think it includes a stock of the year. take a look at tesla, their
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record height was $960 down $200 you cannot be 100% gains. >> absolutely. that has just been on a tear, everybody says it's a fear of missing out but we had the same thing a year ago with tesla. almost like the bull run. good to see you. happy friday. the chips are down on wall street on the final three minutes of trade. the countdown closer says it's a different kind of chip you should be betting when navigating the market. he has $25 billion under management. we welcome chief market strategist dan marshall. >> the semi conductors in general. >> microchips, we use them as a barometer and a roadmap for the market. in my opinion based on some of the research i have done there tends to be a positive correlation between a relative performance of semi conductors in the market in general. when the semi conductors are out performing the s&p 500 since last right.
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the s&p 500 broker to new highs in october and continued into the end of the year. the relationship tends to lead at bottom and top. if we watch it closely the semi conductors continue to upward underperform all the other market will continue to go higher. >> with the exposure to china, they get nearly all of the revenue were the greatest part of the revenue from the mainland. >> a lot of companies do get the revenue from china semi conductors are becoming pervasive in our lives. you had a panel earlier talking about tesla, that car does not drive by itself without a lot of semi conductor content. i think semi conductors are barometer for the broader economy and i would like to call them doctor semi conductors maybe join doctor copper and economics department. [crowd boos] every single piece of electronic we are using and our life have multiple. >> there is micro technology,
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intel, the names are out there. >> you would buy a basket perhaps? i think you can look at the semi conductor and analytics we have a bullish rating on which drives that we look at the underlying components of the fund and right now within the fund there are 12 stocks that we rate bullish or very bullish and only for that we rate perish or very bearish. >> smh is about down to an order. people would not buy it at the hype up very close to it. >> we are about to close somewhat in the red, 1% on the dow in a day where we saw a lot of people pressing the sell button. what happens next? >> hard to say. watch the semi conductors. if semi conductors continue to outperform the market it will go hybrid if semi's breakdown market will break down with it. >> dan russo, great to see you.
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>> we are coming on the countdown closer. the markets finish in the red right now. 29106. triple digit loss for the dow. strong for the week, personally take into account a stellar january job report that came in this morning. that will do it for "the claman countdown". >> wall street closing the week on a down note which is ridiculous because we had a great jobs number but the profit taking all three ending in negative territory. snack being a four-day winning streak with a very strong jobs report. that blew past expectations. the dow down 277 points, still above 29000. i am alyssa francis. happy friday. connell: i am connell mcshane. the nasdaq also done for the day. first day they've expensive for this weight. president trump making his way back from north carolina at this
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