tv The Claman Countdown FOX Business April 17, 2020 3:00pm-4:00pm EDT
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universe and some managers are taking a big hit. the bottom line that you need to know is that big money can be made in these environments and mainstream is not dumb and that wall street is mainstreet particular in this environment. have a great weekend. as i handed over to liz claman. liz: i will say it again, reach it. do not sell in a falling market. great advice. have a good weekend charles. we do have a friday rally on wall street as investors see the worst of the coronavirus at the moment in the rearview mirror. state and federal governments are working together to get the economy back on track and there is word of a potential successful treatment adding to a lot of this optimism. dow jones industrial up 407 points, we have the smp up 42, the nasdaq better by 27. so why are two big-name billionaires known for their
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investing heading back into the bear cage, we are going to ask economic guru if you should head back into that or follow the breakup optimism that were seen today on the market. doctor was featured in the netflix dock e-series pandemic, she is the one who coordinates the pandemic response in new york city hospitals. she is going to come here today and she is going to tell us what she is seeing now and if she thinks the nation is healthy enough to gun the economic engine once again and maybe this news from dickinson, it might help with the metal to the petal, the medicals tech company just got emergency approval for a new covid-19 test, not a vaccine, an actual test to see if you have the virus, you will not be relieved how quickly the test results come in. we have the ceo exclusively to
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explain. and need the kalamazoo kids, they are too small businessman from michigan who teamed up to save their businesses by creating a pandemic product. in my goldman sachs says sell your apple sales, they warmed up a success friend revealed what the oracles has been doing as a market gyrate. we are less than an hour to the closing bill on this closing friday, think that is a friday. let's start "the claman countdown" ♪ ♪ liz: we have breaking news to begin with, just a couple of days after amazon said it was going on a hiring spree, walmart announced just moments ago that it plans to hire an additional 50000 associates to fulfill
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strong demand, the biggest retailer says approximately 85% of the hires are for temporary or part-time roles, the stock is down 1% but walmart stands at $131.6 off the lows of the past month. that is for sure. we are looking at walmart who has in the past promised bonuses to temporary workers, we will see if that is the case with the new 50000 hires. on a day where the market are granny smith green, apple is red delicious red, after goldman sachs cut the tech titan, they said apple shares rsl, get rid of them, they believe the iphone will drop 36% in the june quarter and goldman analyst also cut apples types underpriced target from $200 to $233. it stands right now down 3% to $238 in change. and goldman also believes the growth in apple services business will begin to slow
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substantially next year. we are watching apple shares, but boeing is picking up apples lack, the aircraft maker says it is going to begin resuming production of its commercial aircraft at the seattle area facilities as early as next week. even news that ge aircraft with canceled orders were 69 boeing jet, these are 737 max jets because it's reevaluating its order books at the moment due to the coronavirus, it is not hurting boeing right now, stock is up 12 and how% in ge is a good hire as well. let's flip it over to check the pulse of the fitness sector, president trump's plan to allow health clubs to reopen with new protocols, it is helping shares of planet fitness but word there is a winner there's a loser, plaintiff fitness is up 11.5% in interactive pellets on is down 7%, this is a comedy that's
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become known as a stay-at-home stock, the stock is still moving lower, by 7% even as suntrust raised their price target on peloton interactive. one of the smartest billionaire investors out there does not like what he sees, even if we have this rally today he is seeing the short-term blast half empty and shifting right now to all cash, tech billionaire and dallas mavericks owner mark cuban is telling the pop podcast that he believes the marv intermarket will take another leg down so he's converting his equity holdings completely to cash. his move comes one day -- we told you this yesterday, after the headphones billionaire paul singer's elliott management has about 40 billion in assets and that management warned that global stocks could dropped 50% from the february high. that is global stocks, let's find out what wall street
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closely followed a communist chief economic advisor mohammed. happy friday mohammed, great to have you on our friday show. weeks ago on this program you were cautious and rightly so, do you stand with the twin bears or are you beginning to feel a little bit warmer to the bull case. >> i'm not as bearish as some are but i am cautious in the sense a think you should stay in the market but you should go up in quality, that's what i said the last few weeks and going up in quality means buying things that have a good balance sheet. so you retain a claim on the upside but you're more protected against an uncertain environment. liz: that said, what is the metric, what is the data point that you are looking for mohammed that will tell you that now is the time to be more aggressive when it comes to
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buying stocks because there are some people that say until you have a credible and widespread situation put into place for testing, we will not see this economy go back into play. >> the perfect world you would have three things, you would have testing which is another way of saying identifying and containing the spread of the virus, you would have drugs to treat the ill better, right now our approach is to keep them alive until they fight off the virus themselves and 30 would have a vaccine, by the time you get all three, the market would have taken up a long time ago. so you have to make a judgment just like we as a country are going to be making judgments to how much health risk and how much economic risk you're willing to take. i would like to see a little bit more on the testing side in order for me too give confidence that i can go down in quality, also be in the market and go down in quality to get what's
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called a high beta stock one that moves really fast when the green light is on. liz: i'm hearing you say that your test for getting back in a much more muscular way for the market is with testing. let me just ask you about what larry kudlow said on fox news. he has now been the first in the administration to actually quantify the employment rate, he specifically said today that he sees u.s. unemployment at 13.5%, that is sort of the first official word that we've gotten, does that square with your calculation? >> so call it 13 - 16 and that is if you take the frequency indicator of people signing up with those claims and seen what that does to the appointment number. and i worry that in the short term, this is about the journey, not the destination but the journey is going to get trickier
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for the economy. and will get to 20% on appointment rate. what you see with warren buffett be an example, those are really close to the companies, those are really close companies like warren buffett, charlie munger, they are not putting their money and yet because they see the uncertainty that most ceos see. liz: i'm glad you brought up charlie munger, the wall street journal nabbed an interview with warren's best friend of the vice chairman of berkshire hathaway, he was very open and telling him that the writer of the journal saying you know what, we are just sitting and waiting because we would rather get through very difficult storm with the ship intact meeting diecast, dry powder any also said this was interesting, unlike the 2008 financial crisis were goldman sachs and tiffany and all these other companies were calling up buffett and asking for money for very good terms for berkshire,
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just to keep afloat, the phone has not been drinking, charlie munger said it's almost like everything is frozen, what does that tell you. >> those are two things, he and warren buffett understand the difference between a weight - 09 when they were big buyers then today. >> zero eight -- zero nine was a big heart attack to the broken system, it came from the banking system per when you have a heart attack and paralyzes you but you know what to do, this one is like having infections all over your body because everything has stopped. it is hard to get over, they see that, the second thing that they see, this time around, the government and the fed have been massive intravenous in markets. people are not calling them because they can get much better terms from washington. liz: yeah, well they're getting money and some of it does not have to be paid back.
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mohammed, thank you so much for joining us. you have your skype up and running and you look terrific. have a great weekend, we appreciate you. >> you to list. thank you so much for having me on. liz: any time. so mark cuban has gone to cash, guess what he's also going to charles payne and he will be charles payne's guest on the next installment of fox business america works together virtual town hall. who knows he may be picking up some names by then. this market is moving quickly and next thursday april 23 at 2:00 p.m. eastern you can have some questions, if you send your video questions to invested in you at foxbusiness.com you might get picked. stay tuned for that. closing bell ringing and about 49 minutes, up next the company that could hold the key to reopening all 50 states in the u.s., you just heard mohammed say we need widespread testing, victim dickinson ceo is here and
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at fox business exclusive on the rapid test that could change the entire coronavirus waiting game. just to rapid, we will tell you when "the claman countdown" returns. but it is fast. ♪ can save you $2000 a year. how? by refinancing at today's all time low mortgage rates. and best of all you can do it from start to finish without leaving the house. it's fast, too. with our va streamline refi, there's no income verification. no appraisal. and not one dollar out of pocket. our team is standing by right now to help every veteran who calls.
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liz: if you have one reason, if you have to pick one reason that the markets are moving higher today, you have to look at gilead, shares of the biotech giant soaring 12% in early trade on a leaked report that coronavirus patients at the university of chicago retreated with the experimental drug remdesivir rapidly recovered, while the stock is still up seven in a third%, shares had moderated as they wait for it to give the official confirmation of these results. while were at it we should look at men dare not, it is also moving higher after getting $483 million in u.s. federal funding for a potential coronavirus vaccine, that stock is up at 11.5% but as the race against the clock for a vaccine continues, what about a test, coronavirus test with results that come faster than the ones
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we have seen lately which are 5 - 7 days. there is also a major news on that front, becton dickinson and outside the fda granted the global medical tech giant emergency use authorization for a new diagnostic test that will be enabling hospitals to screen for covid-19 on site. here's the game changer, instead of waiting days for the results, this test result arrives and under three hours. we are so honored to have you joining us right now in a fox business exclusive with the ceo of becton dickinson, tom poling, he is also the president. congratulation on this news. tell us how the tests were able to work so quickly. >> thank you for having me. we are really focused on three different questions that folks are asking. it really gets who has it, who had it and how do we think about
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surveilling to understand the data. the help address those questions. the first when we launch on a platform mostly designed for hospital use called a bd max platform, the test come out 2 - 3 hours as you said, it's a highly automated, very sensitive molecular that is typically used when a patient is presented with symptoms to a physician and they can get those tests in a couple hours based on a nasal swab. liz: can i stop you right there on that one. >> absolutely. liz: let me stop you on that because that to me is the real game changer, we were just talking with mohammed and he's a
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wall street guy and i said what are you looking for and i was thinking is he going to look at the durable good number, gdp to give them a signal of when to come back and and he first mentioned more reliable, faster and more widespread testing to me, this is a real opportunity and what could be as a city game changer but how quickly can you scale up, where is your mean affection, we saw abbott test that while states got the testing equipment, they only got a few cartridges. >> we have been ramping up production of that test over 40x in the last few weeks. so were significantly ramping ramping up, still there's more demand than capacity, primarily those presenting symptoms, but the real game changer hasn't hit the market were really pleased with the test that we launched and is dramatically better than multiple days to get a result, we are moving very well in our development funnel which will be
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a third test designed for mass screening. there were talking about a ten minute test which is done on a small handheld instrument the size of a cell phone that you can walk door to door, you can do it in different care settings, physically you could and we think that that type of test, a ten minute test that handheld and mobile will be the test that's critical in getting the economy open. so we are working 24/7 to get it out available, we made great strides are 2 - 3 hour, were not stopping there, were focused on the point-of-care, handheld tentative test. liz: that would be unbelievable, tell me, we just saw your serology test for the antibodies, wiki. that there are many false positive with antibody test, i'm not sure for specifically yours but how reliable have you found that your czar? >> i think her test is one of the only ones that has been
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published on a journal of urology for example. he looked comfortable on the performance of the test, that is a blood-based test to determine if you have the virus, that is nasal swab and maybe now if you are removed, that the blood-based test like you said, the drop of blood from your fingertip and it takes about 10 - 15 minutes for that test, he runs like a pregnancy test, looks very similar in you looking for a line at the end of the strip to see a positive or negative for having built antibodies to the virus. again we think that will be important to open the economy. liz: i would say so. were thrilled about the 2 - 3 hour one and will wait for the ten minute test. becton dickinson is the company in tom poland is leading the charge, thank you for all that
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liz: call it a small business switcheroo, we found the story and we thought you would find absolutely fascinating, companies with completely different products, mind melting to save all their businesses. in kalamazoo michigan, a spirit distillery company took the high proof alcohol to a boutique men's grooming company and its production skills, added a bunch of other kalamazoo companies to create a much needed hand sanitizer and save their employees and their businesses at the same time. joining me now is jeff cook and
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dan hansen grooming jared black man. we love the story, you saved your businesses from going belly up and how did you connect in mind mildred businesses to save them. >> josh and i have been friends for five years and we teamed up on a whole bunch of different things and i just got a text from him one day and he said you know any bottle suppliers that are really trustworthy and can get us some bottles click and one thing led to another and that afternoon i sent him like six labels, bottles had been ordered, labels went to the printer the next day and was ready for production. liz: talk about on your end what you thought as you call up this brilliant businessman and
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thinking he might know somebody and before you know it it is actually happening. >> jared and i have really cultivated a relationship over the last five years and if i knew there were some of the i could: for great project to help her community and to help kalamazoo, he would jump right on board to help. so i took advantage of that and called him an inside about 72 hours we were able to go from an idea to essentially a finished product designed and ready to go to the communities. so it was not without the help of a lot of other small businesses in the community in kalamazoo that jared stepped up and he was quick to help out. liz: i know that the fda has allowed distilleries to start creating hand sanitizers but they have all kinds of regulations have to be 80%
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alcohol, what did your experience as putting together potions for men's grooming, how did you add to the potion and aside from the actual bottling process. >> josh and his team actually had the formula down already before i came into the picture. my role really was just to advise on fulfillment and design and e-commerce just to make sure that people who really needed this when it was ready that josh's team was ready to hit the ground and have a friction process so we could really get into the hands of people in ne need. >> go ahead. >> i was just mentioning that added distillery we are not set up to ship spirits were to door to customers so jared had a lot of expertise on fulfillment side of being able to ship hand
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sanitizer to the community, greater kalamazoo in michigan as a whole. >> i know you guys were making beer, i like that name, i think you should market it and keep going after this trauma is over. and jared, look at josh, without incredible beard i hope he's using your original hansen products. >> it's been a long time. [laughter] liz: thank you so much and congratulations. congratulations on keeping employees working by just using your heads. i love it, i think it is great. thanks gentleman good luck to you. let's go to jackie deangelis for today's fox business brief. >> good afternoon and happy friday, beaten down the casino stocks are rallying as gaming analyst don capri thinks casinos might be able to reopen at the white house phase one guidelines are met. these guidelines could include
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reduced gaming capacity, greater spacing between slot machines, and live gaming tables and masks for dealers, meantime oil prices plunging 12% as low as $17.39 which is the lowest price we've seen since november 2001. this is the china reported the worst quarterly economic contraction on record adding to more downward pressure on demand. and netflix snapping a four-day win streak after drawing in a new bear, benchmark initiating at a sale with a price target of $327 which implies a 25% downside from where the prices now, the benchmark streaming services nearly 50% rallies from their low expected. coming up, is it time to reopen the economy, liz talks to the doctor overseeing pit to make efforts that all 11 new city run hospitals about what she is seen on the front line and whether now is the right time to get
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liz: welcome back, it is a friday rally, looking at the green on the screen, the dow up 542 points. researchers from the institute of health metrics and evaluation. the modelers used by the white house today are saying that hotspots like new york city are experiencing longer than expected peaks of the coronavirus pandemic. so doctor was featured in netflix dock e-series pandemic, don't know if you saw that but it was before the pandemic hit and boy did they reveal a lot of interesting issues, the pathogen
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specialist joins us now, doctor, thank you for being here and all the good work you are doing, you joined us three weeks ago and the situation was very frantic. can you tell us how it is today, how have you seen changes? >> there has been a significant amount of progress that has been made over the course, just a few weeks, the first case that we had in new york state was marc march 1 and while it seems like that was a decade ago, it was just a few weeks ago so between now and then a lot of congress has been made in terms of healthcare capacity, both in terms of bringing more staff, having more equipment and supplies as well as having more availability of beds, if you look from hospitals how they have been able to triple the icu capacity, that is remarkable your scene make ship hospitals pop up across new york state to accommodate the surgeon we have been seen locally, were at a plateau, that does not mean were
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seen more cases, there still thousands of new cases walking into the doors, healthcare systems around new york state and around the country but here in new york state, we have a bit of a plateau but were still searching very high, we are prepared but we know this is for the long run.. liz: what is the situation on the ground at the temporary hospitals, the tent hospitals, gigantic in central park, we were showing earlier this week of the hospitals -- it was not tense, it was at the billie jean center where the u.s. open plays, are those beds completely filled, what is the status like that? >> the beds are changing day by day hour by hour. those are really great facilities to hold both covid patients and noncovered patients, as we know about the model that has been predicted if you have a best case scenario in a worst-case scenario, that there prepared for the worst case scenario looking at the thousands of beds that would be
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needed to care for patients at the peak of this, luckily a lot of those models were wrong and were moving in the right direction in terms of having enough capacity to care for patients but at the same time we are working on a timeline and working with the virus of a lot of unknowns, things can certainly change very dramatically but we just need to make sure that were two steps ahead of the virus. liz: when you are with us a couple of weeks ago, you had said specifically, shame on us as one of the most developed, if not the most developed healthcare system in the world that we were still caught flat-footed considering we have the lead time of knowing it was coming from china and through northern italy, we could see it moving and yet we were still desperate for things like ventilators, how do we prevent that from happening again.
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>> we need to look at lessons learned, not just from the current epidemic that were facing now but also the previous one and the one thing that connects all of these outbreaks that we experience his time is never on our sign, time is of essence, when we talk about infrastructure that is needed to respond to these types of incidences, these infectious disease pandemic epidemic outbreaks, we need to make sure that we have the infrastructures in place. you keep hearing about testing, testing, testing, testing, that is something absolutely needed and why will ramping up were not at the spot that we need to be in we need to have a better infrastructure across the nation. liz: we just got this breaking news from the cdc, they have a brand-new death toll number in that stanza 33049. what does that tell you as we look at the bell curve and where we stand.
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>> these deaths are absolutely very, very unfortunate and we need to continue to be able to decrease more divinity and mortality across the nation when it showing us that were not there yet as a nation in terms of turning the quarter, if we want to get to the other side of the peak a lot more has to be done and were be able to isolate individuals who are infected and contact tracing which is required a lot of resources and a lot of manpower and then we need to be able to quarantine those contacts in the appropriate means. whether were putting them in housing or having them go back home, we need to make sure we have the infrastructure in place and were moving in the right direction but were not there yet. liz: i have this breaking news that is coming out from the national institute of health, i'm throwing this out you as soon as were getting them, that is that remdesivir, the gilead drug where there was a report,
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not the confirmation but the report that that drug was originally developed for ebola was actually showing real progress were about 125 patients at the university of chicago, now the nih is saying that it's had an excellent effect on monkeys that have been infected with the coronavirus, so now this is confirmation of government office, what kind of hope does that give you, how about that. >> it gives us a lot of hope knowing that we have a bridge to a vaccine in a vaccine is a golden standard and we want to make sure we have a vaccine available in between now and then we want to make sure we have good therapeutics. so hearing the progress that is being made is extremely helpful and we want to make sure that these studies are being able to be replicated in humans and were able to get the same result and be able to get the fda approval to be used on a widespread basis. very good news, certainly we want to make sure.
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liz: and you pair that with the back tbecton dickinson, it's ald news, as it's happening the markets are hitting very close to session highs, thank you and good luck and we appreciate all the work that you're doing, with the dow jones industrial up nearly 600 points right now, charlie breaks it next. here's huge news for veterans with va loans. mortgage rates have dropped to all time lows. by refinancing now, you can save $2000 a year. and newday's va streamline refi shortcuts the process. veterans can refinance with no income verification, no appraisal, and no out of pocket costs. one call could save you $2000 a year.
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hathaway had to shudder the california-based operation and all of the plants, yesterday it announced it figured out a way to ins, it is now selling a limited choice of some of the favorite chocolate candy through oriental trading, the parties cite website, that happens to be another brookshire hathaway company. c's candies has also been donating because he wants to see chocolate go to waste, donating 34000 pounds of treats to san diego healthcare and nonprofit workers, the candy maker says it uses fresh ingredients but cannot be stored in a warehouse long-term and is been thrilled to put his product and the frontline healthcare workers and patients. she says it's also providing candy donations to other volunteers and local groups along with food banks. berkshire hathaway stock owns c's candies, oriental trading, it's been outpacing the market believe it or not, up nearly 5% this month.
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right now it's seeing again for shares of one and a third%. don't get too excited, already looked, the peanut brittle, the only peanut brittle they are selling is the sugar free, that will not work for me. a day late and hundreds of billion dollars short, congress of course says it's working to secure more money for small business loans because the first ran out of money but it's too little, too late. charlie gasparino joins us now on the latest of the small business owners in the midst of the pandemic. >> there's an interesting angle that has not been covered, we have been covering the inability for a lot of small businesses to get the money and we've been covering how hedge funds are posing as small businesses because they technically are, they have less than 500 employees, they still make income, they should really qualify for this program which is intended for mom-and-pop shops and salons, people with a real need and not -- no income
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coming in, they had to lay people off, here's another interesting side aspect of the ppp program, the payroll protection program that is supposed to give loans to small businesses, it's administered by the banks, the big bakes hand these out or you apply through them or you get your check from them and you get your application, obviously the reign of the first 350 million, here's what the banks are worried about, they say there has been very little guidance from the treasury, broad-based mandate, you basically go out there and you can hand checks to anybody with less than 500 employees that qualifies as a small business and not a lot of lending criteria that they're open up to, i'm getting this from sources at the major wall street banks, bank of america, citigroup, you name them, they're telling me that there worried about significant legal liability when this is all over, why is that, there worried about
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being sued for not doing enough due diligence on the loans because they have to hand them out and there's a public policy need, there also worried about discrimination or maybe racial discrimination, the way it was posed to me, the reason why they have been buy the book and handing out the loans, they first serve and best customers, if you have a credit card and a checking account, you are a better customer than if you just have a credit card or a line of credit with the bank. there worried about racial discrimination, someone coming up and saying you did not give enough loans to women-owned companies, african american companies, what they are doing is prioritizing these loans to say we had to do this based on the best way that we were told from the federal government thus we prioritize on a first-come first basis, based on the need
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by the business relationship because we have a responsibility to our shareholders to take care of the best customers, we should point out that this is not an absurd worry, i would tell you, i covered the financial crisis in 2008, j.p. morgan was sued a locked and why were they sued because they took over bear stearns the company, they took over the liability as well. they got in trouble that a lot was done by bear stearns, they had to assume their legal liability even though it was not the staff that was involved. this is not an absurd worry, if your stockholder in the big banks it is something you should look at going forward, obviously it's early in the game but definitely something to look at if you own shares of the bank, j.p. morgan, bank of america, this is something the legal stuff is worried about inside these places. liz: really quickly, my
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question, part of what nancy pelosi said she was concerned about his haste makes waste, we have to give that money out very quickly but in retrospect you are going to find that the rich headphones legally capitalized on the money, applied and got it when they're still making money hand over fist. so what will happen, real quick. >> i don't think anything's going to happen, i've asked the banks and told you cannot give money to hedge funds. if they are a client, good client, they get prioritize, if they came in first, hedge funds, were not talking about the big steve cohen hedge funds, were talking about hedge funds have less than 500 employees and they can apply for this, the problem is. liz: legally. >> they probably should've taken another week to think through what is a small business that should get this money.
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liz: exactly. there was a big rush, good to see you, thank you very much we are coming right back, dow is up 682 points. ♪ heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward. guys! guys! safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%.
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liz: closing bell ringing and three minutes, big rally as we head into the weekend, the ge dw jones industrial, new height of 726 points, we touched it a few minutes ago, were up 665, s&p better than 71 and the nasdaq has regained triple digits up 104, for the week we unveil a picture where it looks like all three major industries are set for a second week in a row of gains, the nasdaq, the clear winner of six of the last sessions and again, of 5.8%, not bad. tesla is a big contributor to the nasdaq, take a look at shares of the electric vehicle giant up 1% but if you look over
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the past two weeks, they are charging toward their first ten day winning streak ever, right now we see tesla at $753 and change, not far from the all-time high -- actually they were up a lot more, but at the moment, you can get them on discount, the markets have been charging higher since touching lowe's on monday march 23, you can see on the screen where the dow has jumped 30% from the lows, s&p up 28% and the nasdaq up 25%, today's closers says there's no looking back, he's extremely positive, you will blue sky scenario with a narrow down area, give it to me, where you see the next emerging market and it's not overseas is it steve. >> no, the next emerging market is the center of the united states, when you think about it once your factor is run by a robot, why do you want in china,
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the u.s. has more land than we can fill with people, cheap and abundant in energy, easy shipping routes, protection, low tax rates and i think every company is looking at the episode insane don't i want to have more in my supply chain assessable in the u.s. in the event of a crisis, i think the center of the united states is going to be the world emerging market. >> tell me, i did not get to say your last name, your company, tell me where the sectors start to shine, what do you like. >> we think large camp growth will hold a lot of it, i think every company is going to do an audit after this event and say do i have the crowd system that i need to have, do have the telecommunication system that i need to have, if i have a good solution, don't i want the better or the best so i can be prepared for the scenario, i think you see a big tech upgrade, one of the issues we have had is our healthcare
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system was not prepared to do with the pandemic. so we think there will be an establishment of a strategic reserve of medical devices and pharmaceuticals. >> steve, portfolio manager, we end with a 704-point gain from the dow, have a good weekend. >> getting the country up and running again, stock surging on president trump's claim to reopen the economy in a potential new virus treatment i am melissa francis, happy friday. connell: happy friday am connell mcshane, what a finish for the major average, not only in the green but of almost 700 points for they're down, this is the second week in a row that we have seen a big gain for the market and it comes as our is the president is meeting with fake leaders at the white house.
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