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tv   The Claman Countdown  FOX Business  June 23, 2020 3:00pm-4:01pm EDT

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gilead in the green. also, that possibility of a second wave, state of florida, big jump in cases, as you were talking to rick scott earlier in the show. obviously the story is going to be florida, texas and arizona moving forward. back to you. charles: cheryl casone, thank you very much. as we prepare to hand it over to liz claman, the markets holding in most of their gains right now. we had a strong housing report also that we kind of overlooked because of all the other news. number one performing stock, moha mohawk. they make carpets. who would have thought? liz: sure. carpets. mattress companies, all doing really nicely. i would implore all of our viewers to look at the percentage gains for the three major indices. clearly it's the nasdaq that's hitting the gas, up about 1.1%. the dow is up about .75%, same with the s&p. that is a record intraday high
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the nasdaq has surged to. we are 59 minutes away from crossing the finish line of what will mark its 21st record close of the year. but it's not just the high flyers within the nasdaq that are boosting the tech-heavy index. our floor show traders are about to name their top non-fang nasdaq picks for you. the trump administration's china hawk walked back his declaration to fox news last night that the china trade deal was quote, over. even after peter navarro did, the d.c. word shuffle, could a new game of trade chicken be developing with the world's second largest economy? key trump administration adviser tom kehoe is about to flag us on what he sees as a slightly fishy situation overseas. and darling, don't give me park avenue. new york city's real estate market has reopened but will multi-million dollar listings be left unloved as buyers look to greener acres post-covid? star new york realtor jason
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haber about to take us live inside his newest multi-million dollar listing to reveal the price today but also what he could have asked for pre-pandemic. we are in arizona where president trump is now speaking with u.s. border patrol officials ahead of his tour of the 200th mile of new border wall. plus starbucks burning beyond meat. the casino that's paying gamblers to wear masks and charlie breaks it. less than an hour to the closing bell, let's start "the claman countdown." liz: breaking news. snap shares are attempting to do something they have not done in more than three years. a new report from variety says that snap inc. is planning its first shopable show called the drop. this will be focused on red-hot fashion from the streets and it is pushing snapchat parent
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toward company's highest close since march 2017. investors are snapping their attention now to the stock which has been actually up for eight straight days -- sorry, yes, eight straight days, its longest winning streak ever. if these gains hold. snap right now up about $11.80 right now to $23.75. that is since march 31st. let me just get you a quick exact trade here right now. yeah. that is it. it is just getting a very nice boost at the moment for the company which of course is behind those lovely snap stories your kids are always constantly viewing. from snap to crack and pop stocks. the new breakfast sami is starbucks, giving heartburn to beyond meat shareholders. starbucks has picked rival impossible foods for its plant-based breakfast sandwich which rolled out today. starbucks moving higher by .66%. impossible foods is not publicly traded but beyond meat stock is and it's a little overcooked right now, down 4.25%.
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yeti is not just a stock for the campfire crowd anymore. shares in this final lour hour trade are up 6.66% after jeffries forecast strong second quarter sales for the insulated products maker. jeffries says the folks who are litting the great outdoors this summer will crave those pricey but uber-cool ice chests and drink holders, which i happen to have one right now by accident. i'm actually holding my yeti. it's like don't lose or hurt this thing. it will break. your wallet. doesn't break but it will hurt your wallet. you know how you need to bribe your teenager with maybe a $20 to get them to do just about anything? caesars entertainment has stolen the idea. the casino is now slipping $20 apiece to guests who wear masks inside their casinos in las vegas. here's the caveat.
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only caesars rewards members qualify. sign up if you want the 20 bucks, all right? caesars stock up 2.6%. as the lockdowns ease and more people do fly to vegas and elsewhere, why is american airlines dropping pretty precipito precipitously, lower by 6.25%? even as the airline saw strong demand for its new sale of stock and convertible notes to raise nearly $2 billion, the bad news is american priced the shares at $13.50. that's below monday's price, below today's price which is $13.98. so investors neither like that nor the dilution of the float. a little malaise among other airlines names in the space but nothing as dramatic. delta is down call it a fraction, united down 2.8%, jetblue down .25%. the eu prepares to bar american travelers when it reopens its borders july 1st.
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that trip to paris, forget it for the moment. from planes to trains or rather, the runaway tech engine called the nasdaq. the composite hit an all-time high this session and is on track to close at its 21st record of 2020. that would be its longest win streak in six months. it's on pace for that new record close right now. we are at 10,166 at the moment. so the usual suspects are powering the nasdaq. everyone from apple to amazon, microsoft, netflix, they are all on track, all of them, for record closes once again. but instead of jumping on these pricey names that may have higher pe ratios than you would like to pay, let's go on a hunt for the next best thing. sort of the next apple of the world or the next netflix. they're not necessarily the same space. let's bring in our floor show traders. phil flynn, i will begin with you. what are you looking at that could be the next netflix, not
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as i said in that sector, but anywhere? >> one that kind of struck out with me is a relatively new stock, called grocery outlet, believe it or not. grocery wholesale. its symbol is go. this is a store chain that basically tries to sell brand names a lot cheaper than a lot of places, in many cases cheaper than walmart on a lot of the things they sell. they don't always have the brands stocked the same way they do, but they buy them at a discount and their sales have been really really good. they are mainly out on the west coast, california, that type area, other states out there, and they could be ripe for expansion. when you think rocket ship, nasdaq, netflix going to the moon, here's a solid stock with a lot of growth in front of it and could see some expansion. it's a cheap one and might be a good one to hold on to. liz: ticker symbol is easy, go.
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let me mark the dow here, up 197 points. big moves across the board today. give me your sort of next wave of opportunity stocks that you see. >> well, this might not be the next netflix but this i think is a good rotational trade, if you wanted to get away from the high beta tech things that have been working very well. did you notice, remember like two weeks ago we talked about trimming boeing? boeing was trading around $230 a share, $225 a share? this has pulled back all the way to the 180, 185 area. about 40 points off of where it was a few weeks ago. i think if you want to rotate into a trade that can make you some money, i think you rotate into boeing in the 180s and it could be a good trade. not going to triple like netflix but i do think it could make traders some money. liz: well, it's pulling back
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from its high just a few days ago, recent high certainly. gentlemen, really quick, phil, i would love to know your thoughts on this market. we have the nasdaq once again hitting a record high. you know, the bottom in the rear view mirror, would you say? >> i really do think so. i don't think, people are looking for a retest, they can forget about it or wait until the cows are coming home. this is a very solid market right now. we are seeing growth continue to come back. we are very optimistic that the worst is over for this market. could we see corrections along the way, absolutely. but we are still in a buy the breaks market. getting back to the nasdaq, the comeback kid might be ebay. if you are looking for a bigger name that has been beaten down for awhile but looks like it's coming back, take a look at that one. >> can i add one? liz: ebay up a buck or 2%. go ahead. really quick. >> another tech name that's a little off the beaten path, sonos. it had a big move on big volume,
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s-o-n-o. i feel like every house i go to, everyone upgraded their sound system or outside/inside. i think it's kind of a little bit of a value and growth trade. the stock trading around $14.50. i think it could be over 20 bucks in the next three to six months. that's a nice percentage gain. >> it is. it is. yeah. liz: yeah. been around. good to see you guys. all good ideas. with 50 minutes left before the closing bell rings, investors are dining on ruth's hospitality stock after 50 of its company owned and managed restaurants along with another 62 franchised dining rooms are now back open and serving. ruth's says it expects another 10 to 15 locations will be open by the end of the month. while shares are down some 62% so far this year, today we are seeing a bump of pai8.25%. from the steakhouse to the
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fish markets, china playing the blame game yet again for the resurgence of coronavirus in beijing with its latest targets, salmon and chicken. what does a halt in salmon and chicken imports mean for the u.s./china trade deal? we've got the man with 40 years of experience selling seafood on "the claman countdown." oh, yeah, and he's a trump trade adviser, too. that's next. stay with us. ♪ (announcer) reliability is everything.
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liz: do you think that the president sort of -- i mean, he obviously really wanted to hang on to this trade deal. but given everything that's happened and all the things you just listed, is that over? >> it's over. yes. liz: okay. trade adviser and china hawk peter navarro today insisting that "it's over" comment was taken wildly out of context but when he said it, futures tanked. then we saw the president take to twitter last night saying pretty much forget that, the china deal is fully intact. hopefully they live up to the terms of the agreement. well, this flap unfolded just hours after china sparked panic by suspending poultry imports from a tyson food plant in
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springdeta springdale, arkansas where more than 400 workers tested positive for the coronavirus. adding fuel to the trade fire, china has now temporarily suspended salmon imports while simultaneously threatening u.s. imports due to the new outbreak in beijing where a covid cluster was initially connected to a local fish market that imported from europe. they banned european imports of salmon at the moment but are we next? here in a fox business exclusive, we've got the man who has more than 40 years experience selling seafood and is appointed as an adviser to the u.s. department of agriculture. tom kehoe. what do you make of peter navarro's comments, and then weave in the situation we are now seeing where china is piecemeal deciding where they are going to ban, they have every right to if they are concerned, but to ban food from different countries? >> well, hold that thought for a second. on the heels of mr. navarro's remarks, mr. kudlow came out and said the deal's alive.
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you have two different -- okay. look, china has every right to but we think china has been acting irresponsibly here. there is no scientific or medical proof that covid can hitchhike a ride on a salmon, on any sort of food product. the chicken world is reeling over this. the salmon world, worldwide which is primarily chile and scandinavia, are all very upset about it. my sources in the administration, i was on some calls yesterday, i think we chatted a little about it, they are trying to develop a very measured response. but on one of fox's shows a couple days ago, general jack keane said he thought china was bumping elbows with everybody right now in retaliation for the fact that the whole free world led by us is cracking their knuckles like a little kid in school because you didn't tell us what was going on with this coronavirus when it first broke out.
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so -- but this is china's m.o. the conflict in india, what they are doing in hong kong, they are flying jets over taiwan, developing these islands in the south china sea that were just atolls, so look, can the united states and china co-exist in the world, in the 21st century? absolutely. can we do it without going to war? absolutely. then they were going to adopt our -- they are not going to adopt our values and we aren't going to adopt theirs. however, we can co-exist and do business together and i think we have to. liz: let me keep on the salmon issue. >> go ahead. liz: you just said it's not really proven that covid can hitch a ride on a salmon, but they basically said they have genetic genetically traced it to european salmon and they have
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scripp scraped it off chopping boards. covid was found on chopping boards. you as a fish guy, tell me because people are now thinking wait a minute, what's next, is it shrimp, you know, what do we know and by the way, dr. fauci has testified extensively about the fact that we are still in the middle of the first wave and that happened just about a couple hours ago. >> impossible to hitch a ride on a salmon. if you go to any restaurant in the united states now, there will be a separate chopping board for poultry because they have found out that certain bacteria on the skin of poultry can be contagious to other foods. poultry is processed separately in every american restaurant. there's no way, there has been no scientific or medical evidence that salmon or any other fish, for that matter, can be the reason or the host for covid virus. it's impossible. liz: okay. >> and china's got to be careful -- liz: i want to jump on phase -- sorry. i want to jump on phase one of the trade deal that was struck
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in january. the chinese promised to buy an additional $200 billion worth of u.s. goods and agriculture over the next two years. again, in addition to what they have been buying. how much have they bought? they had a little clause in there where they said if something really awful happens, all bets are off. something really awful has happened. >> this is a force majeure. they have companies they are not paying but will they buy, i think i said this on your show one of the last times i was with you, china needs us. they can't feed their people. remember i said that. that was your byline when you did a little review of the show. china can't feed its people. we are still the bread basket of the world. we produce more high quality, sophisticated foods than anybody else in the world. our farmers can feed the world. they can feed us and they can feed china. china knows that. it annoys the you-know-what out
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of xi but this is the world we're in. china did not upgrade its farming in the 20th century and now the young chinese have all migrated to the cities. shanghai just continues to grow by leaps and bounds and they -- the younger chinese don't want to be farmers. they have to buy their food somewhere. they buy from brazil, they buy from us. they just de-listed a german meat processing plant last week as well. china's got to be careful how they play this game, with the world and food. the seafood world is all talking to one another. my contacts talked this morning with people in norway and they got e-mails back from chile. those governments are crafting a response and the united states government is crafting a response. it will be a measured response. but it will be scientifically and medically based. liz: yep. i think that's what the
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president was thinking when he struck that deal. they need us. very very significantly. tom, great to see you. tom kehoe, trade adviser to the administration. great to see you. thank you so much. closing bell ringing in about 39 minutes. e-commerce and tech giant amazon jumping to a new all-time high after signing its biggest lease ever right here in new york city. are there potentially other real estate buys in amazon's cart? plus the stakes are high in luxury real estate markets as the country continues to finally emerge from the covid-19 pandemic. will the slump for big ticket properties continue or is a resurgence on the horizon? wait until you hear what one top real estate broker has to say about that and this seven-figure apartment, we are showing you on your screen, he will give you a tour and tell you the price he could have gotten before the coronavirus. "the claman countdown" coming right back. ♪ ♪ yeah ♪
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liz: barron's giving amazon a potential item for its shopping list. that would be macy's real estate. barron's pointing to macy's coronavirus losses as a real opportunity for amazon to scoop up the retail giant at a discount and then further expand its e-commerce dominance into the physical retail world. we've got amazon up about 2%. we've got macy's up about 1%. but forget the herald square icon for a minute. that would be macy's, for those of you who don't know new york. breaking today, amazon has signed a lease for a one million square foot warehouse in queens. that would be the biggest ever in new york city. not to be outdone, facebook is also considering snapping up some former neiman marcus digs in hudson yards. pretty brand new store. of course, neiman marcus filed for bankruptcy in may. lot of movement when it comes to real estate. certainly when it comes to
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commercial. lu be but let's go to residential real estate. it is emerging from the covid-19 crisis and is moving back to live in-person showings. anybody who wanted to buy a house couldn't actually tour through it during the lockdown. will luxury living in the biggest cities see a boom or a bust? top real estate broker jason haber of warburg realty has been finally allowed today to show his high end clients in new york city apartments once again. he joins us live from one of those properties. hey, jason, this one priced just over $6 million or so. pre-covid, what could you have asked? >> well, the assumption is it would have been more. no one knows. i want to stress this to your viewers. no one knows what the exact financial impact on real estate values covid will have. it's all a guessing game because this is so unprecedented, will the market go down a lot, a little, will it stay flat or go
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up. we may not have had an opening day for major league baseball but yesterday was our opening day and we threw out the first pitch and the market's underway. we'll see. liz: give me a tour of this place behind you. i see gorgeous woodwork. let's see it. >> i've gotten so good at this because this is the only way we were able to show before today, before yesterday. i can walk backwards, i can talk about the apartment, all the detail. you can see in this apartment, which is apartment 4c, 5c at 829 park avenue, this is a triplex which is really rare to come by. you can see all the pre-war detail behind me. amazing wood panelling, columns, the fireplace here that works and on gas. it's a really interesting space. throughout the whole home, you just get all these amazing details and you know, i'm used to showing like this. it was exciting to start showing to actual people, though. you know, i'm looking forward to
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continuing to do that. it has been awhile. i can walk and talk -- liz: answer me, how many people started jumping on board saying okay, now i want to see this apartment or any of the apartments? >> i mean, the thing that's so interesting is as soon as we opened the gates yesterday, we get people coming through the door. i mean that as a market wide. i think that speaks to the depth and breadth of the residential market in new york city which is different from other residential markets. there's a lot of talk about people fleeing, people buying second or third homes or renting outside of the city. listen, it's true, there are some people that will leave, some people left after sandy, after 9/11, even after the blackout. but what happens is for those folks who leave, if prices come down, there are always people to fill the orders. it's very possible we will start seeing a return of foreign buyers if they see prices come down. it's very possible we will see more deals happen as people
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enter the market at potentially lower prices. so it's an interesting time for the market. i think it's an exciting one, too. liz: i'm interested because people have started to say we're done with the big cities, we want to move out to greener acres. we were saying darling, we love you but don't give me park avenue. are you seeing that? what are you hearing from some of your clients with whom you usually deal? >> so we know from the experience of covid that density does not equal destiny and that people in rural communities were affected in some cases on a per capita basis much more so than in urban centers. what we are hearing is, though, this is an opportunity for cities to become more sustainable, because health and wellness is much more important right now for cities to become more livable with less of an emphasis on auto transportation. as you walk around the city today, one thing you notice is all the cafes that have outdoor seating, people are just taking
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photos and staring at these sort of cafes. it gives the city a parisian feel. if we have a city that feels more livable, more environmentally friendly, more sustainable, i think you are going to see a renewal in urbanism, not the opposite which is a decline that most people are talking about. liz: we've got to run but i'm interested to know where are people who want to move, moving? which states? which areas are now currently hotter than new york or l.a.? >> well, my broker friends out in the hamptons, they have been so busy so we know a lot of them went out there. a lot of people went north to greenwich, connecticut. a lot of subject suburban areas saw an influx. a lot of my friends that went to miami are looking to come back because of the case load there. there is only one new york and we are feeling that lots of
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folks will be coming back and new people are coming in. i think it's a really exciting time in the residential market. i'm glad to be on your show today because if you remember when the amazon deal first failed, i was on your show to talk about that. we were lamenting the loss to new york. i think it's a positive development to be back here now. liz: perfect way to end it. i can't afford the $6 million apartment but maybe i will take the -- is it a star trooper there? storm trooper. my kids would love it. good to see you. >> thanks for having me on. good to see you. hopefully i will see you in the studio soon, okay? liz: absolutely. good luck selling that one. >> thank you. liz: all right. closing bell, 27 minutes away. we've got the dow up 186, nasdaq, one more record. we are on pace for it. the boys of summer, yeah, they are still sitting on the bench. hopes of a baseball season
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beginning next month. but could another player be throwing his hat into the bid for the new york mets? charlie gasparino on who is sniffing around a potential ownership stake, next. (vo) since our beginning, our business has been people. and their financial well-being. it's evident in good times, with decisions focused on the long-term. and crucial when circumstances become difficult. that continued emphasis on people - our advisors, associates, clients and communities gives us purpose, strength and a way forward. today. and always.
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liz: alex rodriguez getting ready to play ball again? the former new york yankee compiling a roster of all-star investors to potentially place a bid on his former crosstown rivals, the new york mets. charlie's here now with new exclusive details on who might be joining a-rod in this dugout. hi, charlie. charlie: let's first talk about whether there's going to be a 2020 season and you know, as i'm giving this -- as i'm talking here, you might see headlines rolling across. as we first reported last night, rob manfred, the major league baseball commissioner, put forth a 60-game season, he says will
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implement the impasse with the players over negotiating salaries and a schedule. the players are supposed to respond and negotiate the health protocol for playing amid covid. there's going to be fanless stadiums but there needs to be a health protocol. as of now, from what i understand, the players have not launched those negotiations. he's given them a 5:00 p.m. deadline. after that deadline, it's really unclear what could happen. we might not have a baseball season if the players don't approve the health and safety protocol. i'm not sure what manfred could do if they don't go to the table, if they just opt out. there have been no communications from what i understand from the players. so this season remains in limbo. as the season remains in limbo, all these teams, some teams that are up for sale like the new york mets, it's really hard to calculate what they're worth. amid all this, the mets are actively seeking suitors, a-rod, alex rodriguez, with some help from his -- i guess fiancee,
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jennifer lopez, the actress, are trying to put together an investment group. they are having some success at getting some names. one name that may join them and if he does, it would be a big addition for him, vincent viola, former head of the new york mercantile change. he's a billionaire, he's an entrepreneur, was one of the best traders on the floor. he started businesses, he owns the florida panthers hockey team. he is, from what i understand, interested in putting in some money into this bid. how much is very unclear. how he's going to do it is a little unclear. i hear it's through a partnership he has with a gentleman who is the founder of vitamin water, as a matter of fact, and also, they own thoroughbred horses so they're friends. they may do some sort of joint bid or excuse me, joint money
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infusion together. i heard it could be as much as $250 million, $300 million. i can't tell you they are definitely going to do it. there's a lot of negatives with the mets and a lot of negatives what's going on in baseball right now. again, very hard to value a team amid all this. we don't know how long this is going -- the coronavirus will last, does it last until next year, do we get a vaccine, obviously we can have -- put people in the seats. baseball derives most of its income from the gate, meaning people coming to the stadium, buying those $10 hot dogs, you know, $15 beers. so you get what i'm saying. you can't get to the stadium, it's a little bit of a problem to devalue whvalue what the tea. they almost had a deal in february when the wilpon family was ready to sell in a bid worth $2.5 billion, check me on those numbers, but that fell through over a control issue. so they present an issue, too. i think there's a little
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skepticism about a-rod. does he have the chops to own a team. jeter did it. derek jeter, his long-time yankee teammate, somewhat of a rival, he bought the marlins as we were reporting last year. alex rodriguez has been rubbing shoulders with bankers as he retired from baseball in 2017. he's considered a baseman. we'll see. lot of questions. god, i bet the wishinlpons bet stook t took the cohen bid before this pandemic but they didn't and this is where we are. story is developing. keep an eye as i end here, keep an eye on the wires because there may be some movement on major league baseball. the players may come to the table now or have whatever statement they are going to put out. it could come imminently. back to you. liz: charlie, sounds good. thank you very much. we are up 174 points for the dow
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jones industrials. 18 minutes to go before the closing bell rings, we are awaiting president trump's arrival in san luis, arizona where he will tour and commemorate the 200th mile of the new border wall. we will take you there as soon as he arrives. as mlb and other sports look to make a return, dallas mavericks ceo cynthia marshall is days away from her team taking the court. my latest everyone talks to liz podcast reveals the new realities all basketball teams will face when the nba season restarts at the end of july. it's available on spotify, apple, google and fox news podcasts. hey, you know what, she was a former at & t executive who got to become the ceo, she was invited by mark cuban. you've got to hear her story. just amazing. listen to my everyone talks to liz podcast and let me know what you think. we'll be right back. a trade.
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oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪
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liz: president trump has just arrived in san luis, arizona. what he's going to do is tour the border wall, at least the brand new 200 mile of the border wall. that will happen in just a few minutes. we will show you live pictures as soon as we get them. we've got a pool camera there which means all the networks are working off of one camera. that camera is being set up right now. the visit follows the announcement that he will sign an executive order which limits h1b work visas. those are the visas that allow foreigners to work here in the u.s. and they are a favorite of american high tech companies. while we are waiting for that picture, let's get to blake burman, who is following the entire thread of this story.
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blake? reporter: yes, president trump in the border town of yuma, arizona right there to tour construction of the border wall, a top issue of his. of course, arizona, a swing state in the upcoming presidential election, a state, by the way, that also has a senate seat in play. the visit comes when he's pushing forward this executive order that's pausing work visas for the remainder of the calendar year, including those seeking h1b visas, the highly skilled workers that many companies, especially in the tech field, seek, along with the spouses of those workers. the executive order also puts a pause on visas for temporary seasonal workers, inter-company transfers and work study programs. those are h2bj and l visas. the white house says this is all about saving some 500,000 jobs for american citizens. >> there's a pause going on here and that pause is directly related to the pandemic collapse of the economy. and i think that the president's
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view and i served on that task force and we agreed that we have to help americans get back to work first. that's the top priority. reporter: the h1b component of this is being widely panned by the tech community. for example, amazon saying in a statement quote, amazon opposes the administration's short-si t short-sighted plan to pause high skilled visa programs, welcoming the best and brightest global talent is critical to america's economic recovery. we will continue to support these programs and efforts to protect the rights of immigrants. liz, there is also even some bipartisan perspective. lindsey graham tweeted this. quote, those who believe legal immigration, particularly work visas, are harmful to the american work force do not understand the american economy. that coming from the republican senator. liz? liz: interesting. blake, interrupt us if the
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president comes within sight of our cameras and we will take it. thank you very much. "the claman countdown" is coming right back. you want to see another record for the nasdaq? stay tuned. (announcer) reliability is everything. so, if your network's down, you're down. verizon knows your customers need to reach you seamlessly. your team needs to work from different places across many devices. plus, you want the security trusted by some of the largest companies in the world. and that's why you trust us. the most reliable network in america.
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♪ yeah ♪
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♪ y-yeah ♪ ♪ yeah ♪ hey, hey ♪. liz: six minutes away from the closing bell. look, stocks solidly in positive territory. they have been pretty much there all day in the green. the nasdaq looks to rack up back-to-back record closes after hitting new intraday high earlier today. you want to see the 21st record close of 2020? we're about there. spotify hitting all-time high in final minutes of trade after signing a new streaming deal. let's go to cheryl casone in the fox business newsroom. reporter: that's right, liz. the stock up 100% over the last three months.
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it is hitting new highs as you mentioned. a lot of news to unpack for the company. spotify will make spotify available for customers to stream on xfinity platform. look at comcast stock. there is spotify. it is up about almost, more than 2 1/2%. comcast is up 2.25%. now those customers on comcast can use voice commands on the remotes. that begins today to use spotify. next few days, all x one customers will get the whole shebang. much of streaming on television is definitely on the rise especially with more people working from home. comcast supports other music services like amazon prime service and pandora. look atcompetition, xm sirius is a stock to watch. look at the dow you. up 159 points, liz. it's a good market day.
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back to you. liz: yeah. good, we'll take it. cheryl, thank you very much, cheryl casone. talk about climbing out of the abyss, look at crude oil, and price of oil right now. it has scratched its way out of a negative 40-dollar a barrel price just a few weeks ago to the highest level, well, why does it say unch? we know it is about $40 a barrel at the moment. we will get you the exact price? can somebody get me the exact price? okay. let me look. we have oil at the moment at $40.37. i wasn't far off there. now we've gone 80-dollar swing here. amazon meanwhile announced a two billion dollar investment fund focused on environmental technology. so e-commerce giant is looking to offset the carbon footprint. jeff bezos earlier pledging $10 billion of his own wealth to combat climate change. $200 billion flowed into etfs, exchange traded funds this year
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so far. let's talk about the energy plays amidst the etfs. bring in big league etf watch tom lyden, ceo of etf trends. tom, you and i have gone back years here. we know there have been oil etfs and old school energy etfs what are you looking at right now that has seen pretty good performance? >> liz, there are a lot of great opportunity in oil. obviously hit pretty low prices during the period of time it was really tough for oil. however everything seems to be coming back. this is big supply and demand is going on as we're opening up here in the u.s. we're definitely opening up in europe. at the same time when things were tough, a lot of producers were shutting down in the u.s. so it's a classic case of supply and demand. if you do want oil. you feel prices are getting more expensive, uso is a great way to hedge your bet there. then more importantly, mlpetfs
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out there are those that fund pricing and piping and servicing of oil flows. amlp is another great etf to consider if you want to profit on the uptrend in the oil surge we're seeing recently. liz: yeah. i think so. is there much more risk in certain etfs? because we started to see the xle and some of the other etfs get really squirrely back when oil was at a negative price. >> well you have to understand, all etfs are different and oil etfs are right in that camp. you have to look under the hood. uso is based on futures prices. so it is not you're buying the companies. xle, you're buying energy companies. so that is really important. when you get to mlps, that is a certain sector of the energy market. you have got to do your research. you just can't pick anyone that
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is out there. some are obviously riskier than others. the good news oil and energy is on the rebound. it is important to diversify. don't just go after the things that have surging. liz: yeah. the nasdaq is surging. so are you looking at high-tech efts and saying take some profits off the table? >> i think it will continue to move. the "fang" stocks plus microsoft liz as you look at the qqqs, 40% of the market cap of qqqs are "fang" stocks and microsoft. they are the stay at home stocks. communication stocks. entertainment stocks that will continue to do well for us during the stay at home period of time. we'll come out the other side doing well also. liz: tom, it is great to see you. tom lyden of etf trends. have a great need, everybody. i want to you keep your eyes on the lower ticker now as we come up against the closing bell.
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the nasdaq is about to close for its 21st record in just 2020. [closing bell rings] dow is up 136. have a great night. time for "after the bell." connell: president trump is on the ground in the state of arizona at this hour. so we're watching that. we're also watching a fresh record set on wall street. stocks moving higher again today. hopes for a vaccine on the rise and the president also assuring us that phase one of his trade deal with china is fully intact. a little bit of cleanup for some comments made by his advisor peter navarro last night. a good day for the market. i'm connell mcshane. melissa: i'm melissa francis and this is "after the bell." major averages in the green. the nasdaq is closing at a record high for the second day in a row. it is up almost 50% since its low back in march. fox business team coverage, blake burman is at the whho

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