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tv   The Claman Countdown  FOX Business  July 20, 2020 3:00pm-4:01pm EDT

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chat solution versus zoom. then my other favorite is -- charles: i know -- we got to leave it there. microsoft, home depot, folks, microsoft got a few upgrades today. erin, thank you very much. always tougher to do it over the phone. liz, i think this is a make-or-break week for the market, particularly what's happening in washington, d.c. liz: yeah. oh, yes, but again, next week may really be the break part if we don't see, charles, what is expected to be at least some type of relief for everybody who is still waiting on finding their jobs once again. thanks, charles. look, let's start with some good news here. vaccine makers are playing both offense and defense, working to leave everything on the field as we head into the final hour of trade. positive developments in multiple vaccine trials have the nasdaq sizzling toward another record close. this as congress races to make a
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deal on a fifth coronavirus stimulus. that's what charles and i were just talking about. can they beat the clock before time runs out and 32 million americans unemployed are left with a loss. speaking of wins and losses, the nfl bending to what appears to be a coordinated tweetstorm involving nfl all-stars from jj watt to patrick mahomes who want to know the league's virus testing plan. the social media blitz over the weekend and efforts to pressure the league to pull off a covid-19 safety ahead of nfl's kickoff. jarvis green of the new england patriots joins us on what the players really want and whether they will even get it. from the gridiron to the front lines, we have the publicly traded smart glasses company transforming how first responders do their jobs. paul travers on tech's role in the covid-19 fight and why new competition from, of all companies, apple, is not
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darkening his outlook. plus the twitter hack heard round the world. what cybersecurity guru ping is doing to protect the identity of its big name clients including streaming giant netflix from falling victim to the cybercriminals. they are doing something right. the stock is up 57% year over year. plus, from billionaire to zero. disgraced former theranos ceo in court. and charlie breaks it. let's start "the claman countdown." liz: breaking news. former therannos ceo elizabeth holmes and her chief operating officer who was also her boyfriend along with a phalanx of lawyers are in a virtual
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hearing in u.s. district court in california. attorneys for the infamous founder of the failed blood testing company are arguing pretrial motions by zoom because of the pandemic, of course. the pair face 11 counts of fraud as prosecutors say they lied about the effectiveness of the blood testing technology, defrauded investors of $700 million, swept in unknowing companies like walgreens and safeway to start partnerships with them, and faked all kinds of revenue. holmes' trial date is set for october 27th. we will keep you posted on anything that comes out of the pretrial event that's happening right now. check the dow. it's up 25 points, had been down. right now we are looking at a stock that's thrilled investors for months but today, has them peeling out of the driveway leaving it in the rear view mirror. we are talking about ev truck maker nikola, whose badger pickup enthralled the bulls even before it took a single reservation, tracking a record
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percent decrease right now after it filed for a share offering related to warrants. the stock is down 20.5%. deutsche bank says there could be more selling ahead as investors attempt to lock in gains after nikola has surged as high as 94 bucks a share when it began trading in early june. nikola now at $38.82 a share. it's kind of an upside down world in that ev truck space. rivals tesla, which make the cybertruck, and workhorse partnering with lordstown to manufacture the endurance are both moving higher. we have workhorse up 10.5%. tesla moving higher by 8.33%, standing at $1,626 a share. just as airport massage chain express spa converts its spas to offer express covid-19 testing centers at airports, the stock is jumping 9% on the announcement it has issued a prospectus for the resale of 10.5 million shares, some of it
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tied to warrants. if those warrants are exercised, the company could net about $44 million. take a look at peloton. peloton energized after wedbush raised its price target to 66 bucks a share. stocks's at $64.30 right now, saying it expects the subscription workout company's quarter was a blockbuster. that would be the covid quarter, right? wedbush sees more growth on the horizon from new products including an expected rowing machine which we have heard about, hasn't been really confirmed, but today the stock is jumping $5.76. peloton already gained 124% year to date. the nasdaq locomotive is seemingly unstoppable at this hour but the tech-heavy index faces an important key test this week. earnings chugging in from a who's who of techland, ibm, microsoft, twitter, instagram, as the train stops along these various stations. will investors continue to jump
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on for the ride or bail out of these tech titans which have had such on balance an incredible couple of months? all aboard we bring you our floor show traders. scott redler, who do you see pulling into the station unscathed when it comes to big tech earnings and who might get derailed here. >> you went over so many important names in technology. technology has been the heartbeat of this rally the past three months. i'm playing tesla. last week when there was a little volatility, great way to position in some options for some of these earnings plays. last week i positioned into tesla calls. i think if they are profitable you will start hearing more about the s&p 500 inclusion so i'm doing a call spread. i bought at 1800, i will sell at 22 will 2200. that's the momentum wild play. i will also probably play microsoft. microsoft has also been a darling. it's not going to be as explosive but it's very very
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important for the market for microsoft dto come through or nt be a led wihead wind. if i were to choose between snap and [ inaudible ] i would go with snap. liz: he's got a plan. [ speaking simultaneously ] >> i agree. the chart looks so enticing on twitter. it's been rallying up big. i just think it's getting ready to be upset with the earnings. i don't think twitter is going to hit it. i don't like their management, i don't like the way things are going over there. i think if anything, if we are going to see a bad surprise in the tech sector, i think twitter is going to be the one. on the other hand, microsoft, that stock hasn't really performed as well as people thought it should. it's really been kind of lagging a little bit the last couple weeks. i think that's one to beat.
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i think microsoft is going to kind of get on top of that. if i had to choose, long microsoft, short twitter. liz: i know a lot of names have not yet reported but so far the 77% of the s&p 500 names that have reported have come in better than expected on both earnings per share and on revenue. scott redler, how closely are you looking at these? i always like to see revenue because that means they're making money. okay, yes, they have some bills they have to pay so the earnings per share go down, but which part of this piece do you tend to look at the most? >> i tend to look at more the reaction to the actual full earnings report but i think a lot of people would like to see revenue. lot of people are saying there's been financial engineering, that's why tech is so strong. they buy back their shares, make themselves look stronger. we control what we can control. a lot of these companies are going to have a bigger path based on covid. it's really going to be like how does the street react to the individual numbers.
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the banks weren't so bad last week. jpmorgan came out, goldman sachs came out. they weren't treated very well. you really need to look at the reaction, need to see what's involved. at this point i think people want to see revenue increase. they are starting to look a little bit year over year versus quarter over quarter. it's definitely a complicated quarter. they have to know what to own and be very specific. liz: phil, before we go, are all bets off if we don't get another stimulus bill that goes through congress? >> i definitely think if we don't get a stimulus bill, that's going to be a reason to take a correction. now, the reason why it won't get through is it going to be politics or is it because people are going to think maybe we're not going to need it. we got great news on the front for a potential vaccine today. that really got the market going. if there's any perception that we can get one fairly soon, then all bets are off. it will be very bullish for the entire stock market around the board.
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liz: yeah. for those of us old enough to remember t.a.r.p. failing the first time around. that was an ugly day on the floor of the new york stock exchange. i was there. i know some of you guys were, too. great to see you both. scott, phil, thank you. you were there. it was crazy. stock market sold off big-time. let's hope we don't see that, because people do need the help. we are watching it very closely. we've got about 51 minutes before the closing bell rings. dow's clinging to gains but it is the s&p 500 that has a nice .66% comfort move above the green line, as covid-19 infections hit record levels here in the u.s., particularly in states like texas and florida, consumers continue to turn to online shopping even as more retailers open their physical locations. among the notable gainers on your screen, check out chewy, up 5.33%, overstock.com up 8%, followed by wayfair, carvana and
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etsy all moving higher. but it's not just online shopping. the pandemic has caused a surge in mobile food ordering, but is that and everything you are doing online putting your data at risk? next, the ceo of ping identity about what his company is doing to secure your data and his big business clients, too. "the claman countdown" is coming right back. ♪ cool ♪ breeze from the air ♪ wind ♪ blows through my hair ♪ don't care ♪ if people see my dancing in my car ♪ ♪ and if it shines or rains oh ♪ i can't complain ♪ it's still a beautiful day
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liz: microblogging titan twitter today admitting it's quote embarrassed and disappointed after it became victim last thursday of one of the most high profile security breaches in recent history. hackers targeted 130 accounts, reset the passwords and tweeted a bitcoin payment scam from 45 of those accounts, including those of former president obama, joe biden, bill gates, elon musk and jeff bezos. then also tweeting out a bitcoin payment scam with a fake pledge to double their money in return for anybody who sent in money. how did they do it? one hacker who claimed to be a twitter employee and may very well have not been an employee was reportedly able to breach a twitter slack channel where administrator credentials were
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posted alongside a way to access the administrator panel which of course is the tool used by companies to reset user passwords. the rest, as we say, is recent history. but let's bring it to today and the man who for years had zero trust in anything on the internet, so he founded ping identity, the company handles billions of accounts for multiple fortune 5ed h ed500 co. we welcome andre durand in a fox business exclusive. i'm guessing the chief security officers of companies around the world got very little sleep this weekend worrying if it could lap to their companies. what were you hearing from your clients over the past 72 hours? >> thank you for being here and certainly, cybersecurity is paramount and on everyone's mind right now. we live increasingly in a digital world. i haven't talked to my clients specifically yet about the twitter hack. there's been a number of conversations obviously
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internally, whenever these things occur there is kind of a forensic that goes on within the security community and everyone is looking at their own security, saying could this happen to me. in this particular case, obviously wherever there is value, wherever there is people, wherever there is eyeballs, you are going to find crime and cybercriminals trying to get in, which is why the identity security of the entire industry and the entire world as we live increasingly in a digital world is so incredibly important. liz: i have to ask, andre, because every time there's a major hack, whether it was equifax or target, home depot, we do this story, is your company protected. what's new here? what have you been able to do for your clients, among them netflix which almost everybody who has an account has been using extensively during the coronavirus lockdowns. what have you been able to do to prove that you put a seal around our personal data and their data?
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>> well, let me just start by saying we raise the walls and the criminals are always finding ways to go through them or around them. a lot of the hacks that we have been hearing about have been a breach of passwords, where they have socially engineered a way to essentially get your password, get into your account. i think there's been a lot of work in recent years, especially around what you have described as this particular hack, in protecting the really privileged accounts of the administrators that have access to a lot of very sensitive information, but suffice it to say, what we have been working on as an industry, there's been a lot of work going on in encrypting information that is just sitting there that could be a honeypot for the hackers, as well as focusing on strongly authenticating the user well beyond the password. ultimately we would like to get rid of passwords. they are really the weak link in security right now. there's many more ways we can
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strongly authenticate users to make sure a stolen password can't get a hacker into your account. liz: okay. yeah, i get that. your stock is doing very well, up 50% -- 57% year over year. the annual low is 12 bucks. we can look at it now but you are now about a $2.5 billion company that people are turning to. i need to get your thought then on tik tok. we knew we were vulnerable through online shopping sites but now it's social media because the "new york times" reported regarding the twitter hack that this so-called lead hacker named kirk had somehow gained access to the slack messaging system inside twitter, so my question to you is this. if you're talking to your clients and they say what about tik tok, do we tell our employees they can't have that app on work phones? what is your response to that? >> you are actually going to a place that was a conversation in my car this weekend with my daughters. i'm not current on tik tok.
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obviously i have read about some of the concerns of where the data is going and how that application might be used to be stealing other information about either users or accounts or getting in. look, i think we are in an era right now where we need hyper awareness that the criminals can be anywhere, and we can't secure what we can't identify, which is why it's so critically important that we take identity security seriously. ping serves 60 of the fortune 100. they do take security, digital and cybersecurity and identity security very very seriously. this is going to be, it really kind of is the new battle front, if you will. we need to protect the accounts of everyone that is both consumers and employees alike so that we can control ultimately what they have access to. that's what identity security is all about. liz: andre, we appreciate it.
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good luck to you and ping identity. we need companies like you, so thanks very much. when we have about 40 minutes left before the closing bell rings, it's time to talk about the dow which has now doubled its gains since we began the top of the show at least. it's not the high of the session. high of the session is a gain of 56. we are up 43 right now. you know, it seems third time's not the charm for "tenet" the movie that was expected ob the blockbuster hit of the summer. already delayed twice. warner brothers has again removed the christopher nolan sci-fi thriller from its august 12 release date, saying a new release date will be shared quote imminently, but this latest blow is hitting movie theater stocks where it really hurts. amc down 2%. cinemark down 4.5%. from the silver screen to the gridiron. nfl superstars launch a tweetstorm to sound off about the lack of safety protocols the nfl has put into place ahead of
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training camp. some of which started today. next, a two-time super bowl winning new england patriot on what he thinks of the nfl already bending in the last 24 hours to at least part of one demand and whether that's all the players will get. it's easy to get lost in the economic uncertainty. the volatility. the ambiguity. this moment calls for more. and northern trust delivers more. with specialized expertise. proven strategies rooted in data and analytics... and insights borne from over 130 years of successfully navigating economic turbulence. giving you new clarity. inspiring confidence. and helping you uncover new paths forward. northern trust. wealth management.
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liz: breaking news. the new york giants and the new york jets have just announced the nfl teams will be playing at an empty met life stadium after an executive order from new jersey governor phil murphy which restricted public gatherings. the two teams say they both support the governor's decision amid surging covid-19 cases across the country. the nfl action not stopping there. talk about safety in numbers. just 48 hours after dozens of nfl stars, among them kansas city chiefs super bowl mvp
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patrick mahomes and new orleans saints quarterback drew brees simultaneously tweeted concerns saturday morning about heading back to training camp without what they say were clear protocol directives from the nfl. the league has met the players at this hour on at least part of one of their demands. one of their demands was we don't want any preseason games. the nfl says fine, we will go from two down to one. we don't know yet if that's going to happen but that's according to nfl.com. russell wilson tweeted one of the most impassioned pleas for a comprehensive safety plan saying quote, i am concerned, my wife is pregnant, nfl training camp is about to start and there's still no clear plan on player health and safety for our families. we want to play football but we also want to protect our loved ones. #we want to play. joining me now for maybe what's going on inside these players' minds is two-time super bowl ring wearer, former new england patriot defensive jarvis green.
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thank you. what do you make of this? this is fascinating to see the players it appears did this sort of coordinated tweetstorm and already, has gotten a little wiggle room here. >> i think right now, it's a tough time for everybody right now and people trying to make quick decisions. i think we still need more research on what's going on with the covid-19 and the situation. you know, at the end of the month on the 29th or the 30th, i think that's going to be a true test for some type of contact sport. i know football is really tough. just like what russell wilson said about his wife is pregnant and he don't know what to do. you don't have any outlines, any safety guide. i think right now, the nfl, they need to get off the pot and get this stuff together. they asked the organizations, all these teams to go back and play football. liz: it sure sounds like it. the players are in the better position here and of course, the fans are left out in the cold.
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they are dying to see this, dying to see football. i suppose that let's tackle some of these issues. number one, the number of preseason games. players don't want any. nfl says we would be open to bringing our original two games down to one. do you think -- no? why not? tell me. >> we are on the field, 1500, 1600 players, we do have to have some type of say-so and right now, it's like let's get to the games. let's get to the games. this is going to be the like the year when they had the lockout with the scrubs. a lot of guys aren't in the best shape of their lives right now so we do need training camp. as far as preseason games, doesn't make any sense. it's not important right now. what's important is getting these guys on the field so they can start the season but we still don't know what's going to happen with covid-19 because right now it's putting a dent in every part of the economy, sports, everything. liz: well, yeah. you as a businessman would know,
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you run a company that supplies everyone from whole foods to different grocery stores, stop n shop. you majored in construction management at lsu and now you have this business. i'm sure you are looking at all of this. but as we focus on what the players want, they want 21 days of training camp because a lot of them, as you said, just aren't in shape just yet. the nfl says i believe two weeks. >> wait, wait, wait. wait. you say right now they want 21 days, the league asked for 14. liz: right. yeah. >> wait, wait. you're talking about the days in training camp, correct? liz: yeah. >> okay. well, when i played we had six weeks of training camp. again, it's like why are they fighting, what's the significance of this fight? if the players want something, give it to them. give it to them. because we have enough stuff that's going on now that's
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positive and negative and just to have them going and head butting doesn't make sense at the end of the day. liz: do you think we will see the start of the season on the days that they expect to begin play? >> no. i can't see it. i don't see it. i'm from louisiana, so we was in phase two. we was in phase two. i'm over here now, i'm in sunny veg vegas, family vacation. we was in phase two, supposed to go to phase three. governor john bel edwards extended phase two another six weeks. guess what just happened two days ago? went back to phase one. don't quote me on that. i think louisiana went back to phase one. now you can just have outdoor dining, no inside restaurants. so you're starting over. this is a state, we have been very high when it comes to covid cases so what's going to happen when these guys get on the field, start practicing, they go back home to their loved ones,
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to their kids, the theo their w family members, grandparents, mothers, fathers, what's going to happen next? we know this is a strong influenza but what's going to happen next? it's scary. we don't know. liz: we've got to run. i would be remiss if i didn't ask you, you won two super bowls with the new england patriots. this year, they won't have tom brady. give me your prediction. can they make it all the way to that hallowed area of the super bowl once again without t.b.? >> i have four words for you. in bill we trust. liz: okay. bill belichick. all right. >> they're going to have an opportunity without tom. i mean, life goes on, football goes on. they got great draft picks, they got guys coming in, they got great coaches, great staff, great ownership.
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i think everything's going to be fine. give me some football first. liz: great to see you. thank you very much. we need to get some football going. jarvis green. superstar and friend of "the claman countdown." thank you for interrupting your family vacation. we do have an update right now on the virtual hearing of former theranos ceo elizabeth ho holmes charged with fraud. holmes' attorney is apparently asking the trial to be delayed until april of 2021, saying we will quote, not be in the midst of a pandemic then. the trial date for the infamous founder of the failed blood testing company is currently set for october 27th. if there is a ruling by the judge we will let you know. "the claman countdown" is coming right back. now the dow is up 76 but it's the nasdaq which is gaining 264. can we see another closing record? introducing stocks by the slice from fidelity. now you can trade stocks and etfs for any amount you choose
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liz: we talked a lot about 5g, that super fast network that's supposedly coming, promising to create a lot of new utility. one smartglass provider on the cutting edge, their glasses are used in complex medical tasks like what you are seeing here, knee replacement surgery. all right. now verizon has picked a partner. they say vusix is the one they want to enable smart glasses for first responders as they battle the covid-19 pandemic. it's a treatment come true for the ceo who joins us now. first, let our viewers understand, wrap their minds around this, what can medical professionals and first responders do today with your glasses that they couldn't do befo
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before? >> visualize this. you are a front line staff, you've got an icu, it's got a person that needs to be intubated. the doctors aren't there to help at the moment. they are taking phones and taping them to their heads so the phones got the camera pointed down at the patient that needs help and then they are trying to do remote calls. with our glasses on, they are just like a phone but are tiny, they fit around your temple, put in frovent your ent of your eye talk to them, call the doctor, the phone opens up. the doctor can see what you're seeing and at the same time you can get remote support and help through those glasses hands-free so you can still work and do the job. in fact -- liz: what about emt, people actually out in the field, because i was reading an incredible story over the weekend in the "times" about miracle larry. he was the 60-year-old, is, he survived, but he was intubated for 50 days but when the emts
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showed up, it was so early in covid they didn't have the test but they looked at him and said we think he has it. what could they use this for? >> it's the same thing. you are on your way in the truck to the hospital, you're not breathing, some people don't even make it to the hospital. by the time they get there, they have severe complications because of their inability to breathe. to be able to get help in the truck, this is part of what we are doing with verizon, the 5g connection through the truck so that emergency staff, support staff at the hospital, can remotely kind of almost like they kind of teleported into the truck to provide that help. liz: brilliant. >> 24/7 doing this, actually. they also use them for training purposes. you have a doctor who is doing a heart operation, the glasses are on and he can remotely share that operation with others so they can learn how to do it. liz: tell me what you think when
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you hear, as we did last week, that apple is rumored to be developing glasses similar to these. so my question to you is, they have a pretty good track record for developing tech that squashes those that came before it. why aren't you nervous? >> look, this is the future of computing. there's billions and billions and billions of business opportunities here. vuzix has products today, we have really sexy oakley-like glasses. there will be more than one winner in this game. we welcome apple. all they do is stimulate and grow the market and rising tides float a lot of boats. in enterprise, vuzix is winning today, beating companies like google with their google glass, beating the big bulky head set. people like our lightweight 2.8 ounce glasses to get the job
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done. with the other idea we have [ inaudible ] to be a winner regardless of some of these other larger companies that are going to play the game. liz: will you come back? i love this story. i love the 5g connection, when we finally do see widespread ability to adopt 5g. we want to follow this. sounds good? >> liz, we would love to come back. there's billions being saved right now by not being on airplanes. the vuzix glasses are becoming the new norm. we would like to share more as business unfolds. liz: the market is near session highs. we switched out the nasdaq bug, put it right there on the lower part of the screen so that you can watch it. it's up 267 points at the moment or 2.5%. that is a record. if we close right now, although we have 18 minutes left, we're there. all we need to see is a gain of 114. we'll be right back. please stay with us. charlie is about to break it.
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almost done. what do you think? i don't see it. only pay for what you need. liberty. liberty. liberty. liberty. ♪ liz: we've talked about stocks that are ones that could be strong during the pandemic. this is not what we're about to talk about. we're talking about covid-19 related stock trades that are under a very harsh microscope, mainly those related to insider trading allegations against senator richard burr. sources for team burr say they are confident he will win this fight. to charlie gasparino with exclusive details about what i guess could be an uphill battle with the doj and s.e.c.? you tell me.
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charlie: yeah. i mean, it looked like if you saw the initial reports, and just, you know, looking at when he traded, when he gave -- when he received a private briefing from covid experts, in february and then how he traded after that, it looked like a slam-dunk case for the government, particularly after passage of a stock act. that means members of congress cannot trade on any sort of inside information they receive during -- or private or non-public, let's keep the word inside trading -- insider information, that's a very specific term, but non-public information they receive during briefings, makes that illegal. it looked like a slam-dunk against burr. from what we understand, though, the case is continuing but it's proved to be a lot more difficult than the government initially realized. here's what we know. we are getting this mainly from people close to burr who are saying that um in onumber one, becoming a difficult case to prove from a government standpoint. it's showing there was
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information out there in early february, even january, about the potential spread of covid and how it could impact the u.s., how it might lead to stuff that occurred in china at the time, in italy, which was a lockdown even though you had president trump at the time touting that it was going to go away by the summer. there was a lot of information out there. our old colleague at cnbc asked trump point-blank at davos whether there was going to be an issue with covid, covid-19 here in the u.s., so there was worry, worry about it. what the government has to do, this gets to the ints casricaci insider trading, they have to show mr. burr had a duty, because he received non-public information, not to trade on anything he heard during that meeting. that was a coronavirus update that he received in february. then he traded after that. burr is going to argue that yeah, i received some -- i received a briefing but guess what, lots of the stuff during that briefing was out there in
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the public domain. we could get it on the internet, people were talking about it left and right. thus, i have no real duty to keep it private. we should point out that most of the time in insider trading, the duty is given to people who are true insiders. the stock act made congress people insiders which could mean a whole other level of scrutiny and supreme court action if burr does get charged. but from what we understand right now, justice department still hasn't charged him. s.e.c. bring civil charges of insider trading, not criminal. he's also facing criminal investigation from the justice department. the s.e.c. before they file a civil case, which is a lower barrier to charge, issues what's known as a wells notice. it basically says to the target, in this case burr, you have 60 days to tell us that you're not guilty. from what i understand, there has been no wells notice filed against burr which tells you that they are still working on this case and it's not the slam-dunk they thought.
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people close to burr say they are likely to hear something, either they will get charged or not get charged by the fall, maybe at the end of the fall. it could be very well that the justice department does not charge him because criminal cases are more difficult to bring than civil cases, and the s.e.c. does charge him but again, they think they got a pretty strong case, even if they have to go to court to show that there was information out there in january and before he made that trade, you know, irregardless of what he received, received in that private briefing that shows that he did not have a duty not to trade a stock. one other thing, liz. liz: i have a question. charlie: okay. go ahead, i'm sorry. liz: my question on that is, he had written an op-ed assuring the public that everything would be fine regarding this pandemic, and just a few days later, he sold. so i'm wondering if the connection that they end up
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making doesn't really pass the snell test. i know we work on actual law and actual precedent but, you know, you don't see republican leadership really supporting him at the moment. charlie: well, it looks sleazy, no doubt about it. i don't know why these senators are wasting their time trading stock so much. i mean, they do have retirement they have to worry about, i get it. they don't make a ton of money. i would just say this. i don't know if that matters in terms of this case in and of itself. you have to prove that he traded solely on the information he received at that briefing and that the information at that briefing was so top secret that there was nothing like it being spoken about publicly that he could have gleaned. if you look, go back and do a google search, there was stuff out there about covid coming to the u.s. as i say, cnbc asked donald trump point-blank in january, are you really worried about this, could it come here. so people were clearly talking
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about it. there was a lot of stuff on the internet about the potential of it coming here. it makes it a much more difficult case. the breaking news i was going to mention before is that i heard that larry kudlow has challenged steve mnuchin to an aaron bu burr-hamilton like duel at noon tomorrow over the stimulus package. liz: that will happen in weehawken because that's down the street. charlie: by the way, there's no civil war. don't believe anything i say. liz: okay. charlie, thank you. charlie gasparino. okay. look at the nasdaq, folks. a gain of 277. that is a record. we've got the closing bell seven minutes away. we will watch it happen. stay with me. and with mortgage rates tumbling to record lows, a jumbo 30-year fixed, sub-3%? wow. our "countdown" closer has two names she says will raise the roof on your portfolio.
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she's going to name them next on "the claman countdown." . . .
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♪. liz: closing bell about four minutes away. and look at the nasdaq. not only are we near session highs, we are on pace for another record -- i've lost count. what is it? 28? this will be the 28th? 29th? mortgage rates, they're going in the opposite direction. they're dropping to new lows, falling below 3% for the first time ever for 30-year fixed-rate. mortgage, 2.98%. our next guest has housing picks she says are the perfect nuts and bolts for your portfolio that can build it up to mansion status. i'm overstating it. gradient investments portfolio
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manager. what are the two names? >> thanks, liz. the names we like, are horton, the homebuilder, and we like fortune brands. they're maker of things that go inside the home, cabinets, deers, safety, security locks. these companies are trading at low multiples and at the same time, the earnings estimates that are extremely low, we think the earnings power is much much greater. they're a great play on the housing market. liz: they sure are. when you look what it has done, are you buying it a little pricey here? it's a beautiful move for d.r. horton last couple months and fortune brands. >> it doubled off its lows. we think the earnings power is so much greater for 2021, that you will see the p-e ratios lift and earnings give a huge boost to the stock price. liz: mare ann, i want to flip it
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over to gold, $1800 an ounce. peter schiff is the first one to say 20,000. even higher. you have picked a miner. what do you see here? >> what i'm looking at in precious metals is actually silver. alongside with gold. now silver is seeing the price rise to nearly four-year high. and the reason for this is because there is very little mining of lead and nickel which, i think, lead and zinc which are the primary sources for finding silver. so as mining is limited the demand is rising for industrial production use of silver and, we're going to see the price of silver continue to accelerate. liz: you know? we are watching silver. it is above $20 per ounce. as i always say, there is an industrial application. it is in almost every single laptop and all of that.
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maryann, great to have you. [closing bell rings] see you guys tonight. how will futures open, just as stock market closes well into the green. you have to love the nasdaq, racking up its 20th record close. melissa: starting the week with a new record on wall street. the nasdaq leaving the major averages on hopes for a vaccine closing at a brand new high. i'm melissa francis. connell: i'm connell mcshane. welcome, everybody, to "after the bell." tech really drove things today. microsoft, apple, ibm, leading the dow. the nasdaq recovering all of last week's losses with that record run that melissa talked about today. it is the biggest gain in nearly three months. amazon bouncing back, what was a five-day losing streak, following the worst week since february. on top of all of that, s&p 500 turning positive for the year. it is less than

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