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tv   The Claman Countdown  FOX Business  February 12, 2020 3:00pm-4:01pm EST

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points, the nasdaq is up after the close, cisco does not move the market like it once did the conductors have been hot and materials are going to have to keep an eye on that. meantime liz claman will take over, it is all yours. liz: what happened with the scooter? >> i've been watching it. >> no youtube clip going to be seen of you? charles: i'm nervous. liz: a great businessman, i know him very well. record high today rally as we head into the final hour of tray, the dow, s&p and nasdaq all on track to see new all-time closing highs in the final hour. investors perceive the flowing and the deadly coronavirus in the outbreak in china even as the world health organization warns the virus could still be a
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record. the race to create a vaccine is still barreling ahead, new entrants jumping into the race, immuno tech has three patent applications related to the use of the coronavirus. the ceo is here, we will push him and maybe the bigger question how far the drug really is and how it's contagious right let's look at steven mnuchin has firecrackers as he's testified before a senate budget committ committee, how those tax cuts pay for themselves yet? he was just asked that question. we're going to take you to d.c. and get the answer. bernie sanders wins the sweeper in the new hampshire primary but that has democrats buzzing about the other bees in the race, buttigieg, biden and bloomberg, but now they are piling on bernie, the whole political story plus huawei backdoor threat. terry headed to the streets, we are less than an hour to the closing bell, and we start "the
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claman countdown". ♪ breaking news, we want to let you know that president trump is meeting with the president of ecuador in the oval office and what were doing is getting a few headlines but were waiting on the tape, it should be momentarily, we will bring you that as soon as possible, as soon as we get it you will have it. we are watching the white house very closely and lift stock, the company's revenue, profit losses in 2020 forecast were better-than-expected but stock is getting hammered on comparisons to rival uber which claimed on its earning report it'll be profitable by the end of this year. it's down 9%. the saga surrounding nissan motors chairman has a brand-new twist at this hour.
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nissan suing him for $91 million in japan he says it is seeking to recover a large part of the monetary damages inflicted on the automaker by his former executive, he was arrested in 2018 on charges of financial wrongdoing, in japan escaped lebanon last year. appeal of two holiday borders shot before hitting a record high right now after the e-commerce solution provider for small business, these expectation in the latest quarter jumping eight and two thirds percent. look at the stock $535 a share. but investors are taking a back at bed bath and beyond, that the company says same-store sales plunged during the holiday quarter. investors are waiting for a turnaround, they do not see it, the company blamed inventory management issues but investors are not sticking around to find out, the stock is down 19% on track for the worst session ever. home rental airbnb, you cannot
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call it a unicorn anymore. it is not public yet, it is swinging to a loss for the first nine months of the year. they're spending a lot of money china market ahead of the ipo. the news could affect airbnb set for this year end make a haircut on status and when that happens we will have an evaluation. will they get back to it or is it in jeopardy for breaking news at capitol hill were as we mentioned treasury secretary steven mnuchin is still speaking, he just talked to senate finance committee members, there are now two pog senators mitch mcconnell and budget committee mike and b of wyoming who in both instances will not be bringing the trump budget to the senate for or the senate budget committee. edward lawrence live at the white house what are we saying to the treasury secretary. >> this is a very interesting case going forward.
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the treasury secretary has very tough questions specifically from democrats related to the budget but there's concern of how the budget will play out in what's being cut and what's not being cut going forward. mnuchin defending the tax cut for corporations as well as informer can individuals. he then struggled with senator ron wyden about why the president's tax return has not been turned over. the other republican request had been made. listen to this. >> you are stonewalling about stonewalling. and there is a double standard. two committee chairs, one gets no response with the goal authority, the democrats, the republican gets a quick response. >> that is not fair, we responded to the your request and others of thousands.
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>> democrats painting a picture of the economy not really reaching everyone. in the tax cuts have disaster bidding the budget deficit, mnuchin defending the budget and tax cut satan it will balance out. >> we believe that the tax cut will pay for itself over a ten-year period of time, that's how we score them, we are two years in and we updated our projections for the next eight years and we believe that. and democrats hinting how the obama administration could more jobs in the last three years and the trump administration in the first three years here. this could be a little bit of how democrats will attack the president during the election cycle coming up, democrats going after the trump economy. back to you. liz: republicans should be looking and asking the same question, will it start paying for itself, we will watch this closely. thank you so much. check the dow up 247 points. partly because the market has really discarded to take the
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latest coronavirus news is good news and you can see the best reflected in the price of oil, crude right now 3% in the aftermarket session after china reported the lowest number of new cases of coronavirus since late january. investors so emboldened much larger than expected, seven and a half million barrel rising in crude inventory did not deter them. not bad here. but yesterday you could've gotten a jump on that. because ubs jonathan was here and said it is so unloved and so crushed that now is the time to double down on energy. he went on to say the stocks hold great long-term value for investors. let's take it to the floor, i'm going to ask you first, i know this huge inventory, but if you had a name or two to part for money in the oil patch, where
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his opportunity. >> i think the opportunity is the biggest company, i think they have the balance sheet waited out. i think at some point you will have to start amco as an oil company and put it there. one of the lowest cost of production in the world and is maybe better than some of the other european or the american names. but i still have to go with exxon if i have to and i have to start looking as saudi aramco if i have to but money. >> if you have to, you hear that, on a shock board for him. >> i feel his pain. i like exxon mobil, i like sharon as well, i think he is right, the big integrated companies are probably the very good value, they are playing a great in the way i look at it, chevron actually a short-term play to white out the bad marcus is probably a safer play.
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i think exxon mobil from a price standpoint is more risk, very simple because chevron has capital spending is really tight, it is very smart in a very uncertain market. but exxon mobil will be poised to overtake them if the oil prices start to go back up. you are still out there, speculating, there still out there looking for oil and if there is a big payoff at the end of the day, exxon will do better but a bigger risk if it doesn't happen. liz: anything off the beaten path of the integrated oils? we are looking for slightly different side angle names. >> first of all we own a bunch of them and we've owned them for a long time and we've been wrong and wrong. i said last week i think it's a big bad trap, were not selling it but if you hadn't pushe put a corner i would pick proxy.
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on the sector, there's probably a lot of value of your) but i think that one in particular is untrusting. >> is having a great day today at 3%. >> the market action and oil is a can be on the corner under coronavirus, the man destruction is only 400,000 barrels a day, it's a lot lower than anticipated and that means a big selloff of 22%. liz: his head is exploding. i know it. you think there's too much. >> there's another thing that we have to consider, a lot of hedges that the oil company so put down under production has limited the possibility. were gonna have to know how much of future production has hedged off even if oil goes up, if they pitched it the price of the stock is awkward to go up a lot like the gold miners in early 2000 when gold was going up.
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that is a big factor. liz: thank you. we have to run, i'm so sorry, we are waiting on president trump road he is having a big meeting at the oval office, he is making comments, it's on tape as soon as we get it we will turn around for you. when we come back, we're watching this incredible rally and much more. stay tuned. ♪ they get that no two people are alike and customize your car insurance so you only pay for what you need. almost done. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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breaking news, president trump speaking with the president of ecuador in the oval office moments ago. this is on tape, we understand and we are just turning around,
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it works technologically when cameras are not allowed in the white house, we understand he is being asked quite a few questions about roger stone, his former supporter who is convicted and sentenced to nine years in prison, there is a big controversy of whether the president has intervened and that and new headlines hitting the tape saying a new trial for roger stone has just been denied. >> it's an honor to be with you. do you have any questions? no not at all, he was treated very badly, nine years recommended by people who were perhaps mueller people, prosecutors, and whatever happened they all hit the road pretty quickly. we had somebody recently, you saw what happened, he got sentenced to two months for leaking classified information at the highest level. >> who is that. >> they treated roger stone very badly, they treated everybody
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badly and if you look at the mueller investigation it was a scam because it was illegally set up, it was based on. imitation, if you look at what happened, how many people were hurt, the lives were destroyed and nothing happen with all the people that did it. it's all just a scam, where's comey, what is happening to lisa and peter strzok, lisa page, what is happening to them? it was a whole set up in a disgrace for country and everyone knows it. everyone including nbc which gives a lot of fake news. the fact is that roger stone was treated horribly and so were many of the people in their lives were destroyed and it turns out if you look at the fisa warns and will happen with liza where they found out it was a dirty rotten deal, if you look at that and find out what happened to roger stone, a man leaks classified information, highly classified, they give him two months. roger stone, who knows what he
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did, in fact they said he intimidated 70, that person said he had no id who is going to jail for that, that person did not want to press charges, they put him in for nine years, it's a disgrace and frankly they ought to apologize to a lot of people's lives they ruined. next question. [inaudible question] >> i don't want to say that yet but people were hurt viciously by this corrupt people and i went to think, if you get will happen, i want to think the justice department foreseen this horrible thing. and i did not speak to them by the way, just so you understand. the horribleness of a nine year sentence for doing nothing. murderers and drug addicts don't get nine years. nine years for doing something that nobody can define what he did. he said he put out a tweet.
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in the tweet you base it on that, we have killers and murderers all over the place, nothing happens and then they put a man in jail and destroy his life, his family, wife, children, nine years in jail is a disgrace for in the meantime kobe walked around making book deals, the people that launch the scheme investigation, what they did is a disgrace. hopefully it'll be treated fairly. [inaudible question. [speaking in foreign language] [speaking in foreign language]
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>> i love that question, i wish we had some people with that. he's congratulating us on our great success of the country and i want to congratulate you two. you have done a fantastic job rethinking very much. [inaudible question] i am not concerned about anything. i am not concerned about anything. they ought to go back to school and learn, with the way they treat people nobody should be treated like that. [inaudible question. when was that? [inaudible question]
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>> she did a good job. i think i understood. [speaking in foreign language] ecuador having gone through very hard times especially in regards to the international relationships, they have decided to come together again with the international community and bring refreshed relationships to those who have the same way of thinking as we do, we want to come closer to them. [speaking in foreign language]
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>> the usa is the main trace partner or ecuador. and this is not only in terms of trade but because we say share many values, liberty, democracy, justice, solidarity and respect for human right. >> i can tell you the thing is the number one economy in the world by far, we have never done better, we have the strongest market we've ever had, the market is up substantially, 250 points when i last looked.
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in our country has never done better militarily, we rebuilt our military, we cut our taxes, cut regulations at a level nobody has ever been able to comfort our country is doing great and we really reestablished a lot of relationships but we certain reestablish with ecuador, we had a very unusual outlook on life but you been a great president and realizes how important it is to get along with the united states. i want to congratulate him because our relationship is very good, he's made tremendous progress we will and they have been incredible and we will. [inaudible question] that's a great motto, we just did it and integrate motto with mexico and canada. usmca has been very successful,
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already it is really taken place, if you take a look at what's happening in terms of the numbers we will be doing with usmca and this on a much lower scale, we are looking at that. >> are you going to talk about that and are you worried about yesterday. >> we will be talking about that as well. and it's always close to her heart, millions of people from venezuela living in the united states very successfully, they love our country and they love venezuela and we will take care of the venezuelan people. [inaudible question] [speaking in foreign language] >> excuse me, one secon second . >> i never mind that very much, we have defeated isis, i get
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along and have a very good relationship but i really don't mind if they would like to do that, that is fine and would save a lot of money. i view it as thank you very much, we save a lot of money. but if you look back and go three years ago were isis was overrunning the philippines, we came in and single-handedly were able to save them from vicious attacks on their islands. i have not heard exactly that, the way you expressed it, and my relationship as you know is a very good one with their leader and will see what happens. >> thank you and good afternoon. [speaking in foreign language] we know that ecuador has a problem with traffic in one of the topics you're going to talk about security, i want to know
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what they want to learn from the united states on that topic. >> we are doing very well on the southern border and were doing incredibly well, we bill over 100 miles in substantially more than that of wall, a very powerful wall it has all sorts of protections on it. we have a long system, lighting system, everything you can have pretty much the ultimate and what you can do. in great protection with their military, we have been dealing with mexico, mexico has 20000 soldiers on her southern border and we just another record as you saw, the numbers have gone way down in terms of people coming to our border. way down, they will be very low, after the wall is complete even in areas where were over 100 miles, incredibly the traffic has virtually stopped, it's come to a halt. the wall has been tremendous thing. so we will have that finished by the end of next year.
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and sometime during next year we will have it finished and we will probably be close to 400 miles of wall by the end of this year and it's very made a tremendous difference. we have great security and will be discussing with ecuador and their security. they do have the problem with the narco's and that is not good and we will be working with th them. >> one second she's going to ask a question. [speaking in foreign language]
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>> last night was an interesting election and from the republican party and myself from the point of the republican party was a tremendous success, i got more votes than any president in many decades. that includes a lot of presidents and it was really incredible, the love in new hampshire and by the way we did the same thing in iowa and we were able to count our votes, we knew within minutes how many votes we had unlike the democrats. so we had a tremendous success in iowa and last night we had a tremendous, very powerful success so it was a great honor. we set the record in both states it was traffic and now were off to areas that i like very much. nevada, south carolina, you look at that, i think we will do very well there. probably setting up a major rally in south carolina, we are to have one in nevada. so we will be in those two
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locations and will be out a few others also. it's been incredible, the rally that we had in new hampshire and in iowa it was off the chain, they were both spectacular. you could've put them in a big stadium, we were already in large areas but you could put them in a big stadium and we could've sold out numerous times. it was really, really terrific. we appreciate it. >> were the democrat primary nurse. >> i would say bernie looks like he's doing very well people like the message, his people have energy but they like his message. there is a group that probably agrees with it and whoever it is will take them on. but i would say bernie sanders as the advantage right now. [inaudible question] >> lisa murkowski said --
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republicans hope you would learn a lesson, what lesson could you learn from impeachment? >> that the democrats are crooked in their vicious, they should not have brought impeachment, my numbers are ten points higher because of fake news like nbc which reports things very inaccurately, more inaccurate than cnn if that's possible. mst and c and if you look at nbc, i think there among the reporters in the newsprint thank you very much everybody. i appreciate it. >> president trump thanking the justice department for intervening in the trump advisor roger stone who was sentenced to nine years for seven felonies, lying to investigators under oath in attempting to block testimony of a witness who would
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exposed roger stone's life for just a day after the new hampshire primary were bernie sanders narrowly slid by with a tight victory over pete buttigieg, the question is will democrats be forced to focus on issues like roger stone drama because it's a very tough to attack the president on the strong economy. let's bring democratic strategist richard live from washington. you just heard the president say bernie did pretty well, the president with an unprecedented move at the justice department was intervening in the stone case. my question is, your reaction and is this what bernie sanders and the rest of the entrance should be focusing on versus what would be very hard to rip a good economy. >> as you know, educated suburban largely white women in 2016 voted for trump in the republican party and is why the house foot. so if you listen to the president talk just then, this was a dirty rotten deal, these
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democrats are crooked, so these people who were the swing voters will listen to that and there's a reason, there is a decency deficit. there is a reason if you look at the pool which a president cited or has come out in the past couple of days, it has him losing to mike bloomberg 900 by nine and bernie by eight, but the economy is doing so well, thank god the stock market is doing so well. why did 10000 republicans go to the polls in new hampshire yesterday to vote for 70 other than donald trump, why did they go to the trouble in a state that trump lost the 20000 votes. i'm just saying things are not as rosy and peachy as the president describes. liz: we can call it the four bees, uterus reference, bernie, biden, buttigieg and we have bloomberg. so the four bees, and of course
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amy klobuchar is doing incredibly well. but the question becomes, this victory in new hampshire for bernie was so narrow it is more of a statement many are saying on the fact that they did incredible strong. >> i could not agree more. bernie got 60% of the votes in 2016 in the primary, he is 25 last night. he got 15 delegates in 2016 and nine last night. at this .2060 he was ahead and behind buttigieg. if you aggregate the votes in iowa and now in new hampshire, that far exceeds what the liberals got, that's without bloomberg. so yes all this talk about how the liberals have overtaken the democratic party is just that, talk. people are voting, the moderate, not for the liberal arts energy. bernie has pretty much seemed to done away with elizabeth warren as a competitor. >> let me throwing another one,
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the former ceo of goldman sachs, lloyd blan has come out swingin, lloyd has predictably given to democrats and therefore an establishment democrat, he put up this tree inside bernie sanders is just the polarizing trump and he will ruin our economy and does not care about our military. i am just wondering if that becomes a problem because lloyd blankfein is a very wealthy banker. i was looking at the comments after that and somebody named linda tweeted who is lloyd blankfein person, i checked google, goldman sachs dude, go away with the billionaire tears. >> it can go both way. bernie seizes upon lloyd blankfein comment like that to say this is what billionaire said. the other hand lloyd is right.
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bernie sanders is an unreconstructed socialist. if you look back to thin thinkse said over the years, he was to nationalize telecom, banks and railroads, he is a socialist and believes that stuff. not to make your own judgment about what you do for the economy, i would say thickly for democrats if they are rallying, it's behind modern candidates and now they have to source themselves out to get behind one. liz: bloomberg, wasn't even on the ballot in new hampshire insert enough he gets right and names. my question about bloomberg as we head toward nevada and super tuesday where he's going to go all out, does he end up being the guy that people like lloyd blankfein throw their money behind these candidates and we know there's a lot about money, bloomberg says he does not need it but is he more electable than bernie in your opinion? >> hands down. the problem, bloomberg
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especially took votes away from pete buttigieg, amy klobuchar, and made bernie better off in the super tuesday states which i'm sure is not what bloomberg had in mind but i'm not quite sure how we throw that needle right now. liz: thank you for joining us. business is still struggling at this hour with the coronavirus in china with the closing bell ringing in 26 minutes. the markets are unconcerned. unconcerned. the corporation says is putting most of the health decline in tommy hilfiger in china due to the deadly outbreak and what it is doing rupturing the supply chain. the impact is not up to the company to cut the previously fourth-quarter guidance, it is up 4% at the moment. that is a big talk. meanwhile they say don't get too
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excited about the possible vaccines. it will take at least 18 months to make the new vaccine to fight the newly named for coronavirus. that this man thinks he might have the answer, the ceo on a fox exclusive in the race for vaccine treatment for the virus. "the claman countdown" coming right back. ♪ [ sigh ] not gonna happen.
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>> we have to do everything today using the available weapon to fight this virus. one preparing for the long-term use in the preparation for the vaccines.
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liz: 18 months, despite the warning about the world health organization, it will take more than a year. investors are getting awfully excited, they jump into the race to develop a treatment or vaccine for the coronavirus. johnson & johnson they are gearing up and taken a hit today after pricing a public share offering but over the past month since this virus has reared its head, these stocks have been punching higher. lens enter aim immunotech, this is a very small company with a drug that tested successfully for starch treatment and animal experience and says it has a drug that could possibly be tested as a vaccine or treatment for coronavirus. it's has three patents. we bring in the ceo thomas equels. tell us exactly what ampligen does and why you have this
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impression that it could somehow work on coronavirus. >> ampligen is a very powerful immune system modulator. it has been applied both experiment to leave and clinically and immune disorders in the antiviral and oncology against a number of tumors. in fact we received a commercial approval in the disease from argentina, we have a new drug application after day three and other work that is still pending related to the united states. in were in the clinic in the united states in a number of different cancers with ampligen as a therapy. but the story about the coronavirus began back in 2003 when there was a sars epidemic in china, after the epidemic was
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extinguished, the national institute developed contracted for certain experiments is which one was testing antivirals, utilizing mouse models designed to replicate the human and stars. in those experiments which were after the stars epidemic was over, ampligen conferred full protection and 100% survival and was head and shoulders above any of the other tested. liz: let me stress something. that is still in animals, i understand there are trials in humans of ampligen for oncology treatments. but help us make that jump between this works for that and it will work for coronavirus. >> there is no guarantee but the woo hoo coronavirus is extremely similar. all of the major areas related to the response that would
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indicate that the therapy might be useful. because sars and the coronavirus are so similar, we have the sars model that ampligen can be very powerful in a protected drug, early-onset therapeutic and with that in mind we would have to move forward in the clinical trial in human. liz: let me jump in. >> ampligen is well-tolerated in humans. based upon all the clinical work we have done so far. where we done approximately 100,000 in human and intranasal and intraperitoneal showing it is generally well tolerated vi. liz: let me jump in, you are taking on the big guy, and then
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you have the world health organization saying it will take 18 months, do you guys think you can beat that time unquestioning smack we are going to move, now that we file the patent for the coronavirus, the patent application, we're gonna move as quickly as possible into china which is the epicenter of this epidemic. we intend to show while we may be a small research and abutment company, american innovation and ingenuity can bring can bring a striking blow to this virus. it is not just our effort, but it's the effort of all the companies that are coming together to find a therapy as well as a meaningful vaccine because this is a world health threat, we have to remember that we all have an obligation to do our part. we are doing our part based upon
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what we know from sars which indicates we may be able to come up with an effective early-onset therapy with an effective prophylactic which is extremely important. this is when it's contracted, most readily in hospital settings. healthcare workers,. >> they will say this, we like the all of you companies are jumping in and big or small like yours in gainesville florida, we are cheering you on and we would love to see this vaccine come to play. please keep us posted, we are watching this closely. thank you. >> we will do our very best and we may be like david and david and goliath, but this instance where the companies are goliath and where the david's worker to work together to defeat this enemy. liz: we will be walking. we will see you soon i hope. the closing bell ringing in 15 minutes. we are at session highs right now. the dow is up 274 points.
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nasdaq up by 81. the standard poodle took on the best in the 2020 westminster dog show last night. but today's countdown at the top dog we will have your portfolio howling. "the claman countdown" is coming right back. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me.
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liz: okay, look at this folks, you have to stay with us for the next 11 minutes because you might see at trifecta of record hyper don't get spoiled. were seen a lot of these. in the last few minutes of the dow was up 29500 for the first time right 29000 -- at least today right 29556. were watching it closely. many returns on the long side of the record-breaking day and were seen a pattern. the health group is leaving the
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dow 30 at this final couple of minutes after j.p. morgan said senator bernie sanders when then expected in the new hampshire primary is a positive surprise for health insurers. anthem, humana, they are all rallying. what a way always tell you guys, the insurers always find a way to do well and make money. senator elizabeth warren supports the elimination of private health insurance, j.p. morgan says there is a correlation between the health insurers and the viability of the candidates to win in 2020. so we have green on the screen. but a major name not enjoying the new highs, they are issuing a hard warning, vision fund head claimed the wework backer may have hit a bigger and more permanent staff and then one of the biggest ipo maltose of all time. i cannot wait to hear this one. >> interesting stuff.
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he is in there speaking now to a private meeting, we did have some sources who were at the meeting and the flavor of what he was talking about and fascinating, he covered most of the topics, we were, you name it, here's where it gets really interesting and will explain why it is interesting. we understand he essentially during his speech through cold water on the notion that they will go full force forward with the second vision fund. there has been a lot of talk about that in the first fund is not doing well lately including wework, a lot of talk about how investors want to focus on first vision fund. liz: the activist investor. >> i'm sorry elliott. >> i was when you get to that in a minute. we understand during this part of the meeting he threw cold water on the notion that they will go fully forward with the second vision fund.
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a spokeswoman was softbank declined to comment on this. did not deny, would not comment, also pointing out that there are some investments that they are making. they seeded it with their own money. still that does not limited the fact that there's tremendous pressure to basically not go forward with it and focus on the first one, we should point out as they reported yesterday, elliott and paul who is essentially saying let's focus on the first vision fund, they took an active mistake and he's under a lot of pressure. again this was a private meeting in abu dhabi in the message that i'm getting, some people interpret things different than what the company meant or what he might've met, this is interpretation, basically what he said during a private meeting and what he said essentially with this, it might not happen,
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it might not happen in a way that were going to complete the market to outside investors. we may just focus on the first one. that was the impression and that's what he basically said according to these people who are present. softbank is scrambling. they're scribbling for losses, they're scrambling on this story, and some sort of -- what they want his spin on what he said to be. stay tuned, we will hear back, but the bottom line, this is a company, softbank, that create created -- to upgrade all the massive internet companies, help fund some of the biggest startups, who were being one. had a great track record for a while, does not have a great track record for now. and now is going to scale back. it's a segue to what.
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liz: oh my god. >> how long have you been doing television. [laughter] liz: were segue into a story involving goldman. >> let me finish my hit. [laughter] very quietly on breaking news, thi,the story on goldman, this n move the stock. >> we are watching every i am almost scared to bring this up now. liz: meghan markle. >> is is the segue. liz: she is a former royal highness, she has star power in new reports surfacing that the actors husband is in talks with goldman sachs, he could be looking to be added to the list of high-profile speakers at -- >> hold it, he's not going to be a banker, he's going to speak? liz: he's going to grace them.
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>> he's going to speak at a goldman sachs conference? liz: yes possibly. [laughter] liz: according to reports. aren't you glad i interrupted you. >> i was going to say, by the way, i cannot wait for his words of wisdom on the markets. i'm sure -- goldman sachs docs s nowhere. [laughter] >> what a wino, i'm just a reporter, i tried to break news everyday. liz: i did a story how obama was paid 250 grand. >> here's the thing we should point out, when you read public office and being the prince was public office, one way to cash in the books and speaks unto interne.
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speaking of gold the navy. liz: thank you. >> maybe there's a bigger story out there. liz: we are running close to the top of the dow this hour as the latest future speaker that we have been talking about is my gosh. this is the controversial won that helped a lot of marathon winners, right? susan: this is the 2.00. the second generation of self-lacing shoe. it costs $400. it is a pretty penny. it will be available this weekend in dick's sporting goods but only in los angeles and only in chicago and they have to buy it online. they're trying to get it ready in time before the nba all-star weekend.
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nike is up 20% this year. it has a bit of a lag, when it reports earnings next monitoreds the end of earnings season. they look good but cost a lot. i don't know if you're going to. liz: i used to wear tree torns. they have that beast after base on that shoe. we'll be watching it. westminster was crowning the best in show at madison square garden, forbes was naming "countdown" closer new york's high net worth top advisor for the second year in a row. we've bring him back. jason katz, ubs senior portfolio manager. peep us with the pup them. give us your top dogs when it comes to sectors in the market? >> we're taking a sort of a barbell approach. on one hand you want to look pro-cyclical. whether emerging markets gotten
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hit as a result of corona. or energy down 10% on the year. on one hand treasury inflation protection and. liz: we're getting closer to the 2% level. explain that, you talk about tips, treasury inflation protected securities. give us a sense why you like those and why you like energy? >> the fed has thrown the market a bone. in fact central banks around the world have by keeping rates so low, so long. we have pro-inflationary, fiscal and monetary policy the feds rethinking the whole fed target and inflation target. i do think a healthy modicum of inflation is in the offing although probably not this year. you will get a treat having a bit of inflation protection in the portfolio. as far as energy is concerned, having some exposure, if in fact the global economy is stablizing which we think it is and a group relative to the s&p and its
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history is trading at incredibly low multiples. connell: we always throw terms out like tips, treasury inflation protected. there are etfs that can mimic this. there is. pip which of course is very close to its 52-week high. i'm looking at it right now, the spdr portfolio tips but when you're talking about what we see at this very moment, which is yet another trifecta of all-time records, where do you guys stand on these rallies? i mean we love them if we're bullish. are you getting a little nervous that it is toppy? >> frankly a lot easier to stay invested than to get invested. the pact of least resistance right now is to the upside but with benign inflation. geopolitical risk, i think dying down a bit with corona. i think you need to focus on staying invested in your risk assets and if you're going to put on incremental risk you do so with things a little bit more hedged. liz: jason katz of ubs talking
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about his top dogs for 2020. [closing bell rings] cue the fireworks. another three-peat. dow up 276. that nasdaq up 86. the s&p up 21. triple records. that will do it for "the claman countdown." we'll see you tomorrow. melissa: come on big money. major averages hitting all-time highs as investors shrug off fears of the coronavirus and focus on strong corporate profits. the dow closing up 274 points, marking a new record close. the 7th of the year. we're less than 500 points, look at that, shy of 30,000. connell: wow. melissa: i'm melissa francis. welcome back. connell: good to be back in new york. i'm connell mcshane. back in new york. we'll talk all about it and have more on the big market movers of the day. first here is what's new at this hour. on to the next. the democratic candidates

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