tv The Claman Countdown FOX Business February 13, 2020 3:00pm-4:01pm EST
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expectations and 65% are beating revenue, even more important. charles: beating by a lot wider margin than wall street anticipated. thank you both very much. always appreciate your expertise. the dow is off 41 points. there's a chance that could be erased. remember yesterday, the last hour of trading, liz claman, the dow finished up 275 points. buckle up. we're ready. liz: you're looking at the red but we are looking at the green. the s&p and nasdaq are on track once again for brand new record closes. we've got our eye on it. but the coronavirus correction is fading at this hour. maybe that is what's punching these markets up into the green. markets earlier had seen steep losses. but now they have cut it. the losses were triggered by news that we warned you about for two weeks here on "the claman countdown." china has been seriously underreporting the number of those sickened by the deadly pathogen. the dow down by 33, the s&p up
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by 4. even as global travel slows dramatically due to the virus, new york residents want to know why they have been banned from applying for global entry trusted traveler status. governor andrew cuomo set to meet right now with president trump to get answers as to why homeland security is singling out new york. we will take you live to the white house to see what happens at this meeting. and roses are red but is that what you really want to get your honey this valentine's day, a bouquet of roses? how about a doughnut bouquet instead? 1-800-flowers.com virtually invented online delivery when it comes to flowers but now its ceo is here to help you pick what might be a better gift, to also talk about the green shoots he's seeing of the american economy. plus the fresh fear trade on bitcoin, countering tesla volatility with a totally different stock, and charlie breaks it on the next step to locking down t-mobile's $26
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billion merger with sprint. less than an hour to the closing bell. let's start "the claman countdown." liz: breaking news. return of the jedi? well, return to limbo, that is. microsoft shares, we pulled up this intraday picture for you, have just swung into the red after having been up most of the session on news that a u.s. judge has just granted a preliminary injunction on that j jedi cloud contract that amazon felt it should have won over microsoft. the judge apparently agreeing with amazon's request to pause, press that pause button on the u.s. department of defense from moving forward on the $10 billion cloud computing deal with microsoft. microsoft had been up to $186, you can see it now it's at $184. for its part, as microsoft turns negative, amazon's stock is
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spiking from down to up. earlier this week, amazon said it was seeking to depose president trump and defense secretary mark esper as amazon claims the awarding process contained quote, unmistakable bias. amazon's ceo jeff bezos is also the owner of "the washington post," the paper that the president has complained about for unflattering coverage of him and his administration. i do want to point out, though, that amazon had been at $2142. it has gained about 20 bucks at one point. at the moment we are looking at amazon at $2155. make that about 30 bucks to the upside. tesla infuriating short sellers again in the final hour. the electric vehicle shares, look at this, to the left side of the screen, that's premarket. they fell 6% but then reversed and are now climbing about 4%, but they had been as high as a gain of 6% after investors cheered the electric vehicle maker's plan to offer a $2 billion common stock offering.
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they apparently view it as a way to bolster tesla's balance sheet. ceo elon musk will buy as much as $10 million of stock in the offering while board member larry ellison will purchase up to $1 million. the stock now stands at $802.03. separately, tesla is having to recall 15,000 model x suvs made before 2016. tesla says road salt apparently can corrode power steering bolts. not a problem in southern california. don't worry if you're in southern california, although they say you've got to bring it in to be checked. applied materials smashing records today after offering upbeat guidance, saying it would deliver double digit growth in its semiconductor equipment business. alleviating coronavirus worries, the stock is up 3.5% but wall street racing in to jack up price targets with the highest, $88. right now we are at $67.58. we should also tell you that also touching a record, equifax,
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the credit rating and data company beat earnings expectations, this is an embattled company, right, in the past. it's up 5.5% as china's defense ministry is asking the u.s. to rescind indictments that it just issued monday against chinese military personnel accused by the americans in the 2017 equifax mass hacking case. rounding out the records parade, a beat in earnings and strong cash flow for sealy. we should check, casper, sleep number in the green right now. casper, the new one on the block, up about 1%. nice move for purple innovation, up 3%. to the white house right now, where new york governor andrew cuomo at this moment is apparently meeting with president trump. on the agenda, the trusted travelers program. that's a set of programs that most notably includes global entry which allows expedited
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clearance for preapproved low risk travelers entering the united states. a lot of new york business leaders and ceos use and need global entry, but the trump administration has banned new applications from new york residents, saying the state government led by cuomo is making it impossible to quote, vet applicants. what is really at issue here? well, new york's recently passed green light law which allows undocumented immigrants to apply for drivers' licenses but also imposes a blanket prohibition that prevents the federal government, read border control and i.c.e., from accessing dmv data, which could be used to track down undocumented immigrants and deport them. this is what's weird. new york is not the only state to offer drivers' licenses to immigrants. so do more than a dozen other states, including nevada and california, new mexico, plus puerto rico and the district of columbia. so why is the administration only punishing new yorkers?
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that's what governor cuomo is inside the white house right now trying to figure out and fix. hillary vaughn is waiting outside the white house. hillary, these two don't exactly love each other. what are the chances governor cuomo can get donald trump, born and raced in new york, to get new york back into global entry? reporter: they don't exactly love each other. the president's tweet just shortly before this meeting gives any indication that it's getting started on -- to a rough start. the president tweeting quote, i'm seeing governor cuomo today at the white house. he must understand that national security far exceeds politics. new york must stop all of its unnecessary lawsuits and harassment, start cleaning itself up and lowering taxes, build relationships but don't bring fredo. that's a jab at the governor's brother, chris cuomo. there's a lot on the line for governor cuomo in this meeting. over 250,000 new yorkers have global entry applications pending or about to expire, and this ban puts those requests in limbo but the governor says he's
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not willing to put undocumented immigrants at risk to get the trusted traveler ban on new yorkers lifted. >> i reject their premise but assuming for whatever reason they need access to the dmv data base or the ttp and global entry enrollees, i said we will give it to you. no issue. i will give it to you. if they think they are going to extort new york into giving them the database of undocumented people, they're wrong. i will never do that. reporter: there is an economic impact to this, because the ban also applies to truckers that want to fast-track access from new york to canada. the governor's office says delays getting across the u.s./canada border have already cost american businesses billions of dollars each year and resulted in tens of thousands of jobs lost. cuomo's office says the program is used a lot by people in new york. they have over 6500 trips a day from u.s. to canada. liz: do you happen to know if this also is banned,
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reapplication, because global entry expires every several years, i think. reporter: it does put people who have a pass that's about to expire, that puts them in limbo because when they go to reapply, they won't be able to do that under this ban. liz: wonder how jamie dimon, bankers but regular folks, too, are trying to travel back and forth. we will watch it. please let us know what happens. thank you. to stocks. a bunch of names getting slammed but all for the same reason. start with food giant craft heinz, down 7.66% after the ceo announced during their earnings call that the company has had to close four of its eight plants in china, yes, due to the coronavirus fears. didn't help that lowered its full year forecast. to ralph lauren. ralph lauren says two-thirds of its fashion stores on mainland
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china are closed. that stock is down about 1%. the french spirits maker known for jamieson whiskey, cutting its full year profit outlook in half due to the epidemic. the stock is up 3.75%. finally, alibaba's ceo called the spreading crisis a black swan event that will impact the global economy. alibaba down 1.5%. let's just get you some help to inoculate portfolios out there. to our floor show traders, along with eric nelson, wells fargo strategies currency expert. sarge, first it was the obvious ones. the airline sector was impacted. now it's spirits and fashion giants. where do you say investors can and should hide? >> all right. we will give you the low-down. we just discussed it. estimates have to come down. they are coming down across energy, lodging, casinos, airlines and semiconductors. i already told my readers i'm working out of exxon, working
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out of royal dutch. where can you go? you don't want to abandon growth. you want to look at some of the software stocks, adobe, salesforce, no revenue exposure to china whatsoever. what you are getting out of the oils, you got to rebuild your dividend book. we got to find, which are hard to find, dividend stocks that pay more than treasuries but that have no exposure to the energy sector whatsoever. talking about at & t, 5.4% yield, kraft, i bought it today on this discount, abbvie, 4.8%. storage tech, don't abandon the semis, they pay 4.7%. outfront media, it's election season, billboards, they sell like hotcakes, once every four years. 4.7% yield over there at outfront. lamar advertising, 4%. verizon, 4%. stor capital, bought this one today, too. this will pay 3.6%. it's a reit.
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liz: incredible. sarge comes to play here but i want to narrow this to something other than stocks. eric nelson, you are looking at currencies. which currency is in a momentum moment right now? >> absolutely the u.s. dollar. it's been pretty strong against nearly everything, but especially the euro. we have seen a sharp and i would say violent move and i think it seems like the momentum leveraged funds are kind of piling into this move, not only on the back of the weak eurozone economy but we have seen a broad rally in risk assets and the euro is a popular funding currency for this kind of carry trade where you sell the euro and buy the high yielding currencies. it's sort of like a freight train. if you try to get in the way it can be painful. at some point i think the longer term, the asset managers, the more fundamental players, will come in and i think stop this move. over the next six to 12 months, we are actually pretty positive on the euro. we are getting to the point where we are getting close to some longer term buying levels. liz: it's at $1.08, lowest in
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three years. i would call that, you could call that a collapse there, but you say the greenback is good -- by the way, we watch drr, the market vector's double euro short so as the euro drops, you get double your money to the upside and that is a pretty significantly strong picture for the year. it's up about 3, nearly 4% at the moment. let me get to scott. give me your thoughts on how to inoculate the portfolio. >> first off, i don't think anybody should be scared, all right? the banter what's going on with the coronavirus changes not just on a day by day basis, minute by minute. don't be scared, but be prudent. i like what sarge talked about with looking at some of the high dividend yield stocks. those are always good to have in your portfolio anyway. i also like looking at currency space and exactly, i would actually be looking at the euro here, because if things do get worse, in my opinion, if things do get worse with the virus here, it's going to start affecting the u.s. dollar.
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it's going to start affecting us here and you may start to see other currencies actually start to catch up. so i like the euro here but in general here, you know, don't follow the banter. liz: good to see all of you. we don't consider you banter. we consider you guys all real experts. thank you so much for joining us. the s&p 500 and the nasdaq are straddling that line. first they were positive 14 minutes ago, now they have turned negative. we are watching that. up next, the fresh fear trade, as bitcoin and the rally behind it, is it really worth buying into? what's truly behind the upside move. 50% over just year to date. there's a company that's talked to even more real people
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painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149-an over 50% savings. read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more. liz: all right. we've got this breaking news. new york governor andrew cuomo arrived just moments ago at the white house. this is video caught by our fox business cameras here. as you know, we just told you and hillary vaughn is there, the president is meeting with andrew cuomo over the global entry ban of new york applicants. the feds are banning anyone from new york who wants this trusted traveler status, so cuomo is in there to try and figure out what the logjam is, maybe to get it moving. we will let you know if there's any development from that meeting we can get you.
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meantime, okay, to the investment that is up 17% over the past three months, but up nearly 45% year to date. it is bitcoin, folks. it looks like the fresh fear trade these days. crypto analysts remain divided at this hour as to what's really behind the rally. is it crypto's wild ride so far driven by coronavirus fears? an upcoming cut to the supply of bitcoin, or something entirely different? our next guest -- i'm putting pressure on him right now. he has his pulse on all things crypto. he's coinlist co-founder and president, andy bromberg, joining us live in a fox business exclusive. andy, you vet cryptocurrency. you know about the genetics of almost all of them out there. what do you think is behind this runup in bitcoin? >> well, i wish i had been on the last segment talking about crypto being the best hedge right now, because i think that's a lot of what's behind this. to me, the most interesting question here is not what's the
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pebble that's starting off this trend but what's the avalanche that's happening, the big macro trends that are causing this to happen. the initial cause of the run could be coronavirus, it could be macro fears but there's way more things happening behind the scenes. we are seeing people are believing in crypto as a safe haven, increasingly as a risk-off asset. the more that narrative propagates, the better and better it gets. on top of that, we are seeing increased conversation on the regulatory front. commissioner of the s.e.c. last week announced a safe harbor for a number of cryptocurrency tokens that if approved, would really open up the industry and allow for much more innovation happening here in the u.s. on that note, we are seeing massive innovation on the institutional side of the business, increased trust in platforms, coinless, for example, just launched an exchange to be able to trade cryptocurrencies on a trusted venue. we are seeing more and more high quality platforms for trading and on the whole a better environment for people that are interested into buying into this asset class. liz: you say high quality. i'm reading the word more trusted, more transparent.
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i want to dovetail here because you talk about the s.e.c., yet steve mnuchin, treasury secretary, piling on the regulations. now, i understand the motivation is to protect investors, but on the other hand, china has just filed some 84 patents by its central bank to create a digital yuan, digital currency. we can put up some of the thuins they want to do with these patents but does that put us behind as they look to integrate digital currency wallets into retail bank accounts? it's almost like they are encouraging basic retail investors and people with bank accounts to get into crypto. >> yeah. at some level, they are. i'm not sure it's the fullest expression of crypto they are really encouraging people towards but they are taking bits and pieces and building it. but for me, when i look at the united states, it has always been a place where innovation happens primarily in the private sector. what we need is a more open environment, again, encouraged by s.e.c. commissioner's proposal last week to allow private companies to innovate
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and actually create the technology, create these products that people are actually going to use. if approved it would really open up that field. i think that's what we need to see here. i'm also interested in the conversations that are happening at and around the u.s. government about the government's use of technology and different cryptocurrencies but the focus has to be on private companies allowing innovation, allowing investors in the u.s. to get exposure to these assets and building out the environment on that side. liz: i need to hear from you, where is bitcoin? libra, rather. libra was facebook's big plan, big project to, you know, basically bring crypto to the masses. we have heard neither hide nor hair from them. >> they made a big announcement, big proposal. there was a lot of pushback from the government and the public. they have gone back in and are working really hard. they have a great team, lot of people working on the project. we will see much more coming out in the next six to nine months. it's a really big project. they shouldn't rush it.
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they are taking the right approach by taking a few measured steps at a time. liz: andy bromberg of coinlist says stick around, it's in its incipient stages when it comes to cryptocurrency. thank you. good to see you. closing bell ringing in 38 minutes. while the dow is down 78 points, the s&p is flat to slightly lower. the nasdaq down only two points. we could still see two records coming up. up next, the magenta man, john legere, all smiles as t-mobile's $26 billion deal with sprint got the go ahead this week. charlie gasparino is up next on whether there is way more work to be done to close the books for good on this one. charlie breaks it next. flexshares may look simple on the outside. but inside every etf... there are untold hours of careful construction... infinite "what ifs?" and contingency plans. creating funds that help target gaps in client portfolios. tap untapped potential.
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allegations of racketeering and conspiracy to steal trade secrets from the united states. the official indictment coming just 48 hours after a u.s. judge approved these two guys merging. t-mobile and sprint's mega-merger. both firms saying their tie-up would be a key element to the u.s. taking the lead in the 5g battle. here now with new details on the steps that have to be taken soon, if you are going to unite these two telecom firms, charlie gasparino. charlie: this is the merger that never ends. i mean, you know, we are going to be talking about this -- liz: the merger that never ends. charlie: here's what we know right now. couple weeks ago, we reported that they were thinking about repricing the deal because in the middle of the time where they did the deal, where they got it approved by the justice department, where they basically beat back an assault by the state ags, to stop the deals, sprint had some issues, major
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financial problems, shares of sprint had fallen although it's up now based on the deal price. but from what we understand, because of those deteriorating financial -- liz: it's up 81% since the deal. charlie: you do know that it should be up there. the reason why it wasn't initially is because a lot of people on wall street were betting against it, they were betting the state ags would win and block the merger. be that as it may, what we have now are talks going on right now inside -- among the deal participants. mr. legere is leaving but is still involved. and the people that are going to be taking their places, from what we understand, there are talks about repricing. liz: to what? charlie: see, i don't know. what i do know is this. the repricing will essentially, if it does happen, and we hear it's not a definite deal, it is likely, it will reflect some of sprint's deteriorating finances. we don't know, there i am, me
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and john. by the way, he said, he wanted to know what the scoop was. that's what he kept saying. he watches us for breaking news, just so you know, on his company and on this merger. he's got some right here. it's unclear how much it would be repriced, there's no done deal here, but we do know there are talks that repricing will reflect, from what i understand, sprint's deterioration. we should point out that masayoshi son, i feel like i speak about this guy once a day, one of the other companies he owns besides wework, was sprint. he's the principal owner of sprint. from what i understand, there's going to be some pushback on him because he's going to say listen, you need us now, you know, we got a deal, you know, there's going to be a negotiation here. i can't tell you how much this thing is going to be haircutted, if it does get haircutted, but i can just tell you that from what i understand right now, they are in talks. you know, stay tuned for the next week or so.
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liz: telecom owns a big chunk of t-mobile. they are the ones who are agitating, are they not? charlie: we have been saying it's t-mobile. today a story said deutsche telecom is advocating for repricing. it wasn't much of a story because t-mobile was talking, we reported it weeks and weeks ago on your show that they were talking about a repricing and maybe it is deutsche telecom telling john legere what to do. i don't think so. it's obvious, think of it this way. your fiduciary responsibility if you are a lawyer or the cfo or ceo, you have a fiduciary responsibility to the share holders to get a good deal. the deal together is a good deal, a lot of people think, but it has to reflect some sort of reality and the reality of sprint, when the merger was first announced, when was that, at least a year ago, right, to now, is a deteriorating company. liz: how about this analogy.
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you write a check and you say to a guy i'm buying your used car, i will be there tomorrow to get it between then and now, the guy gets in an accident and the buyer comes if and says wait a minute, lower the price. charlie: know what they're going to do in negotiating this thing? they will point to the judge's decision. one of the things the judge said in his decision to approve the deal, he said listen, sprint was not going to be a stand-alone company anyway. i'm looking at the finances. i'm paraphrasing. he essentially said this. the finances are deteriorating. there is how you know there's got to be some sort of renegotiation of this deal. so that's where we are. it's not a done deal. there are talks. i hear this could happen sooner rather than later. liz: would you believe april of 2018? how time flies. charlie: by the way, the deal closes officially in april of this year. so it obviously has to happen, any repricing, before the deal officially closes.
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liz: you will wear a magenta tie. thank you. charlie: be nice if john came on the air, wouldn't it? liz: well, i have reached out. charlie: i reached out. liz: when he's ready, he will. we'll see. come on, john. all right. no love for cisco. did you hear what happened here? with the closing bell ringing in 27 minutes, the network gear maker, the biggest drag on the dow 30 after its forecast lowered third quarter revenue and adjusted profit on weak orders. they're on track for its worst day in nearly three months. of course, it's a real problem as it tumbles, down $2.34. and enough with the flowers. is that so yesterday? valentine's day, tomorrow, and fresh flowers are not just yesterday, they are so last century. the ceo of 1-800-flowers.com is here to tell us about the hot new trends his flower company says your honey wants this
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holiday season. he's chris mcmahon, stepping on set in just seconds to show us the doughnut bouquet. and etfs. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away
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liz: ah, yes. you have heard that it's valentine's day tomorrow and if you haven't, you are in such big trouble, i don't even want to tell you. okay. roses are red, but succulents are apparently the new hot thing. according to the national retail foundation, as consumers are expected to shell out a massive $27.4 billion on valentine's day, a spike of 32% year over year, no less, succulents and doughnuts are the hot new thing. 1-800-flowers.com ceo, chris mcmahon, of course, that's the parent company of the floral brand that's been around since back when folks actually dialed
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1-800 numbers, is here. >> thank you. great to be here. liz: so good to see you. >> valentine's day is such a wonderful day, isn't it? liz: well, yeah, better be, honey. but listen, everybody's talking about how roses are, yes, still lovely, i'm sure, but there are new, new things that are extremely hot beyond the tulips and african violets. what is the hottest new trend that's almost not supplanting but certainly taking air out of the red rose team? >> there's another thing but keep in mind, out of the 18.5 million stems we will sell for valentine's, about 11 million will still be roses, like these beautiful magnificent roses we have here that are preserved roses, they will last probably more than six months. liz: let's show these. these pink roses, i'm telling you because i'm touching them, can we take a tight shot, feel exactly like fresh roses. they are real roses but they are preserved?
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>> um-hum. liz: what is the process? >> it's a new process. preservation is just fantastic. it really feels natural. they just last six months or more. it's fantastic. liz: why not have that? >> to your point, succulents have become so popular for us. our plant category is one of the fastest growing product categories we have in our portfolio. liz: it's a heart-shaped, what would you call that? vase? >> heart-shaped container. liz: with succulents which you go in stores in l.a. and california, everybody's doing succulents right now. they call them living walls. they last. >> they last. hard to kill. that's good for some people like us, they are hard to kill. that's great. besides succulents, things we are seeing really popular for valentine's day, food products, food bouquets. besides floral products that we have here, we have our doughnut bouquet from harry & david. wildly popular. liz: omg. that is beautiful. >> it was so popular.
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unfortunately, that one sold out. liz: already? >> it's already sold out. liz: you have to fix that for next year. >> we are baking the doughnuts as we speak. liz: preserve them like you preserve the pink roses. >> i don't know if we will go that far. cookie bouquets, sheryl's cookie brand. also shari's berries, chocolate covered berries, chocolate from simply chocolate. that's what we have done. we have this portfolio of brands that satisfy all of the different relationships you have in your life. liz: know what i find fascinating about your company? for people who don't know, 1-800-flowers.com was the first partner, the first merchant partner way back in the '90s for aol. >> first merchant to sell any product of any kind on aol. liz: that was 1994? >> 1994. liz: 1994. >> right. right. it's one of the things about our company. we have been fortunate to foster a culture of innovation that gets us many firsts. we were the first company to have a commercial bot on
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facebook three years ago in 2016. so many firsts. the first really social -- mobile driven flower and gift company. it's because we have such a great team of people that really focus on innovation. liz: you were there in the '90s when you got aol to jump on board and say let's try and sell direct to people via the internet. what's next? how does artificial intelligence jump into the picture? >> in many different ways, whether it's in our marketing capabilities, in our personalization capabilities. today, probably about 25% of our sales are influenced by a.i. technology in one form or another. some of the new technologies we just recently launched is 3d capability. so you can see the product on our site in 3d. we have a bunch of our products available there now. augmented reality, so you can take that 3d image, use your smartphone and put it on the table here in the interview room or put it in your home and see what it might look like there. liz: that what you guys did with these roses? these roses are cool.
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because you could put this out there in your home and say oh, my husband gave me these, and they will look fresh. people will think oh, on a tuesday? this is amazing. >> he does it every week. liz: six months after valentine's day. >> he still needs to bring fresh flowers every week. please. we do have a business to run. liz: can we show that doughnut bouquet one more time? how much does that cost? >> it's about $50. i think there's a half a dozen order as well but the one shown is a dozen. it's just a fantastic product. liz: the succulents? >> all various prices. liz: they are the new red roses. i'm saying it here. great to see you. we wish you lots of luck and a strong consumer. >> we have a great economy right now. we are out making deliveries. happy valentine's day to everyone. liz: thank you. all right. from 1-800-flowers to 1-800-uber. closing bell ringing in 17 minutes. up next, how uber is adding the human touch back into the
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digital ride hail business. "the claman countdown" is coming right back. president trump warned the drug companies. it's unacceptable that americans pay vastly more than people in other countries, for the exact same drugs. but they aren't listening. they've just raised the prices of over five hundred drugs. president trump supports a bipartisan plan, that would force drug companies to lower prices. but the senate won't act. tell senate leaders to stop drug company price gouging and lower drug prices now.
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liz: one of the biggest disruptors of the century is turning old school, in order to expand its reach. uber launching a new phone-in feature to its service aimed mainly at older adults who have a little trouble navigating the ride hailing app. the phone option will allow users to call and speak to a real life human being to order a ride. the new service won't cost anything extra and users will be given a price quote up front for
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their fare at the time of the booking. the new service is currently being tested in arizona via the phone number 1-833-use uber. just like ordering a car service, connell. using the phone. are you uber app or dialing an uber? connell: app, of course. but that's kind of an interesting idea. liz: it's helpful, i think. connell: you're right, for older people because they kind of get intimidated by the app. liz: and they can't drive. my mother just stopped driving. connell: it's great for that. wonder if they have enough people answering the phones, though. otherwise people will get frustrated. liz: then they turn to a.i. and everybody goes crazy. connell: true. hey, we have a business of sports story among many things coming up next hour, because the cheaters have spoken. there they are. one of them, at least. liz: yes. the patriots. connell: no, not the -- very good. very good. very good. very good. so the houston astros, the sign stealing scandal, we will talk about the business of baseball, how they move on from that after
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we had comments today from some of the players. jared maxx will join us on that. then i guess we will see how this market closes. seems we are all trying to figure out how much risk is associated with the coronavirus. we will see how we do. liz: you got kraft coming out, ralph lauren, picard, the whiskey maker. uh-huh. all of them saying there's trouble. connell: yeah. interesting. all right. liz: connell, thank you. you sound really interested. connell: i don't want to get too excited. liz: sure. move on, liz. the oracle of omaha's number two not buying elon musk's happy dance. with ten minutes to go before the closing bell rings and the dow now down triple digits, 103 points, berkshire hathaway's vice chair charlie munger says he would not buy, nor short tesla, given its super-charged ceo's overwhelming presence running the ev giant. up next, amid all the tesla
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♪ liz: blame half the dow's 109 point loss on boeing and minnesota mining and manufacturing. we've got the closing bell ringing in six minutes. we need to check back in on microsoft. shares there are still lower ahead of the close. it is now down about half a percent but it had been up. so we're looking at the tech titans saying, coming out now, saying it is disappointed in the court injunction that halts its pentagon jedi work, that cloud computing deal it had with the pentagon but microsoft says it believes it will ultimately be able to move forward with the
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jedi contract. amazon fighting for an injunction because it feels it should have won the contract. nvidia hitting all-time high ahead of fourth quarter earnings coming out "after the bell." deirdre bolton live at the new york stock exchange. >> just slightly lower here. of course we've seen the volatility all day for the broader markets but this is one of the stand out stocks from last year. if you look at past three years. you bought 10, you would have 10 times your money, list. analysts are looking at three key component of n individual's business. we know about the gaming chip business. that is what most people know about. they have done ai, artificial intelligence and they have another line for self-driving cars. they're hitting, producing products for three key areas of tech. most analysts bullish on nvidia. 1.67 a share in earnings is what is expected on revenue as you
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can see close to $3 billion. i just want to highlight, okay, fine we see the numbers, everyone sees them, they're on screen but that earnings figure, that 167 if it comes in as such, liz, that would be an increase more than 100% quarter on quarter. if those numbers come in, a lot of optimism around it. revenue equally impressive if it comes in as such as 35% comparison quarter on quarter. back to you. liz: nvidia is a powerhouse. has been for years. i'm looking at price action. is that the low of the session? 205 was the low of the session. i would say we're looking at gold now, breaching that ceiling of 1575. i wonder if there is fear climbing back in? >> that is what traders have been speaking about today. tracking the fears of the coronavirus, how much it has affected different industries.
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we talked about the travel industry, the resort industry, the airlines industry. we saw the huge mobile conference that was due to kick off in spain being canceled so i do think there is an awareness just how much this outbreak is beginning to affect some businesses and not just in the short term. so you do have traders talking about that. on the flipside, there is patterns we've been following. we hit records as you well know, liz, three sessions in a row, other people are saying it is a bit natural you see red on your screens, liz. liz: totally natural. great point, deirdre. rugby tournament postponed in hong kong and singapore as well. it is global. thank you very much, deirdre. can we take another look at tesla's stock. it is up 38 bucks at $803 a share. it is electric vehicle company and also makes batteries. it has solarcity, the solar installer within its umbrella.
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another solar company today's "countdown" closer picked back in october. if you had listened that would have sent your portfolio as you can see 92% year-to-date, right? so not a bad picture. new england investment retirement group founder. nick picked solar edge on october 17. the stock is up 34% in total since the very day. we're bringing you back, nick. do you still like solar edge? >> yes. hi, liz, thank you very much for having me back. we still hold stock we think the fundamentals are good as ever. tesla as you're aware has a solar business also. we think the space is a long, long room to run. they're a leader in that space. connell: they're a leader in that space. we know solar has certainly been touchy because china makes a lot of solar panels. we know there have been issues when it comes to trade and all of that.
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does that have the potential to affect it negatively? i'm trying to advocate on behalf of our viewers? >> it could but in this scenario, solar edge is based out of israel. some of the manufacturing i'm sure comes out of china but so far the stock has held up well with the recent news obviously the downturn with the coronavirus. so. over the lang haul we stick with the position. we see great things going forward. sedg. a judge has granted amazon the ability to press the pause button, holding off from the pentagon grant the microsoft contract. what do you think? >> this has been going on as you know quite some time with the battle back and forth between amazon and microsoft. my understanding it is a temporary hold as you mentioned. you have to determine if the situation amazon gets back in.
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we -- [closing bell rings] liz: thanks to nick. no records for the major averages. a slight pullback here. under 1% for the dow. fractions for the s&p and nasdaq. connell: not a great finish though. you're right. it was much worse for a while. back and forth throughout the day with all three major averages ending the day in the red. reversed gains. coronavirus fears are in the market today as surge in cases was reported and the dow settling lower by 123 points. a day after closing at record highs. there you go. glass half empty, could have been worse. i'm connell mcshane. melissa: that is glass half-full. come on now. i'm melissa francis. this is "after the bell." the s&p 500 turning negative, snapping a three-day winning streak. more on the market movers but here is what is new at
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