contracts. that's why silver never touched 50. so can silver go higher, yes. is it going to break 50, probably not. charles: jason, thank you very much. my almost old friend. folks, as i hand it over to liz claman, the market's sort of sideways, waiting for something. what is it? liz: i think it was waiting for an e-mail from one of my viewers saying liz, you're nowhere near as good as charles is. right? you are bookended by me and cavuto. charles: tell me about it. liz: thanks, charles. [ speaking simultaneously ] liz: stocks are, yeah, they are slipping as the divide on capitol hill over the gop's new aid package now seems wider than first thought. this as new yorkers who pulled up their stakes to escape the

virus by moving south to florida's beaches now find themselves in the same pandemic fight nightmare, only worse. we are going inside the economics state of the covid states, from mortgage lending to savings with the ceo of the bank that has footprints in four of the nation's worst hit states. and as the coronavirus outbreak hitting the miami marlins expands at this hour, america's top infectious disease expert, dr. anthony fauci, says play ball. but he does warn if it worsens, the season could be in peril. coming up, enter new york governor andrew cuomo, who has just tossed a lifeline to major league baseball. what he's offering to the entire league, what the nfl can learn from mlb's errors and how gambling stocks are caught in the middle of it all. and could this be instacart's worst nightmare? we have an inside look for you at the smart cart that's looking to steal some of the grocery

delivery giant's thunder and its contact list. you got to see this. plus, gather round the children for the latest on tiktok. does facebook want to copy, acquire or kill the wildly popular app? charlie breaks it on what's next for tiktok. as the greenback weakens, the blue chip picks that could keep your portfolio in the green. and we are about to show you what virgin galactic just unveiled that's lighting a fire under the private space race. less than an hour to the closing bell, let's start "the claman countdown." liz: breaking news. we've got our eye on entertainment stocks right now after the nominations for the 2020 emmy awards were announced. at & t subsidiary hbo's drama "watchman" scored 26 nods while amazon's comedy "the marvelous mrs. maisel" got 20. netflix led all the networks,

ready for this one, with a record 160 nominations. netflix stock is down about 1%. amazon down about 1%. at & t up 1.6%. the emmys will be hosted on disney's abc network on september 20th. we can only imagine it will absolutely not have an audience. there are shades of green in the sherwin williams catalog to express how much green the paint giant raked in during the latest quarter. sherwin williams hugely benefiting as the stay-at-home crowd suddenly became the do-it-yourself crowd, bingeing on redecorating. sherwin williams stock up 1.6%. the company handily beat second quarter estimates, raised its full year estimates and shw stock as it moves higher to $635.99 a share, pushes its market cap above $56 billion. to virgin galactic's stock. i know charles showed you some

of this, but we've got more. 90 minutes ago the space tourism company unveiled its brand new cabin design for its suborbital space planes. the cool interior has portholes, how cute are those for space viewing, padded surfaces so you can float around comfortably, and fancy seats. 600 people signed up for the rocket ride at a quarter of a million a pop. it better be luxe. look at that. very space odyssey. look at that thing. no, i'm not going. i don't know about you. i'm a chicken. back here on earth, we have two outdoor stocks moving in opposite directions at this hour. positive l polaris reported earnings more than double the consensus estimate and their revenue beat as north american retail sales surged. we had the ceo on and he told us they cannot fill the orders. there is a waiting list. people want to hang out in their

own backyards and their own parks that are around their homes instead of taking trips. they want to go on those atv things so they are filling orders as fast as they can. polaris moving higher by 7.5% but rival harley davidson sort of a rival, hitting the skids at this hour after an unexpected quarterly loss that the motorcycle giant blames on the covid-19 lockdowns which triggered a temporary suspension of production. harley is down 1.7%. now, the dollar's slide to a two-year low yesterday, we talked a lot about this, has kind of skidded to a stop at this hour but even as the dollar index bounces off the bottom, the index which measures the greenback against a basket of six major currencies, look at this over one week. it has plummet ed and look sinc its march highs, 9%. it is on track for the worst month since 2011 as the u.s. struggles to control the pandemic. but here's the twist. a weaker dollar can be a

positive for certain stocks because it helps u.s.-based multinational companies price their exports more competitively overseas, but where there are winners, there are always losers, right? to our floor show traders. wolfgang tester and scott bauer. before we even get to which stocks you see gaining and which you see losing due to the weak dollar, do you believe the greenback will resume its slide? >> that would be hard to say. i think there is some argument to be made it will resume further but if you see more stimulus out of europe it's actually going to turn around. one thing i'm certain of, it isn't going to stay here. the volatility is going to continue to be up and skyrocket even further and that's what investors need to be looking at, is how are these companies actually managing that currency risk. liz: well, let's get to your picks and pans when it comes to these names. scott, gearing up as well, i'm sure, but the names that benefit

and the names that get hurt by the dollar. >> yeah. so we as you know are about active liquidity management and therefore we help companies manage not only currencies but anything related to their liquidity. and as such, when you look at companies the way we look at it, you look and say what company's doing that well and therefore, can manage liquidity well. a great indicator of that is foreign exchange. for example, google does a great job of this. they do a great job of yurndz standi understanding their liquidity. they went through a period where they really didn't and learned from this. in the technology sfas pace we hearing people picking what stocks to buy or not to buy. i would say for example another is adobe. adobe was basically unimpacted by currencies. in these volatile times, actually, the predictability of cash flow and liquidity and the transparency to the investors is everything. therefore, we would stick with

look at bms. bristol-myers squibb, unimpacted. big health care company unimpacted by currency and they have been all over the place. you saw brazil going down 25%. not impacted. those are the companies you want to invest in. liz: all right. before we get to your pans, i want to get to scott. scott, as the dollar dims, one thing that's glittered even more brightly is definitely gold. the miners are hitting nine-year highs as gold hits yet another record. what do you like here? do you like them or something else? scott? >> i do think [ inaudible ]. liz: okay. hold on. hold on. we are going to try and fix scott's -- okay. we can't hear scott. we are going to go back to wolfgang. wolfgang, give me your pans. which ones do you see have not positioned themselves properly

around what is a weak dollar and it's weakening kind of by the minute. >> yeah. no, you are absolutely right. one of the things that have been again impacted is like anheuser busch. anheuser busch has had over half a billion dollar impact due to currencies. you have to take a look at this. another one, this will be very controversial pick of mine, a company i have actually liked for a long time, splunk. it's trading at all-time high. they are growing really quick. yes, they are losing money but are they really managing their currency and liquidity properly or is everybody just jumping on to the stock to keep buying the highs. i would be a bit more cautious especially at these toppish levels and be careful of getting now into a splunk. if you got in at 170, that's great. again, investors need to understand and you can read that in the financials of what the liquidity impacts are and what the foreign exchange impacts are, how they are managing their cash, managing their payments, managing their supply chain and

managing their currencies. the currencies is the easiest to look at. liz: well, could i just ask, both the names you don't like are moving higher right now, and splunk is up 37% year to date, up 47% year over year. how do you explain that? >> well, they have a great product. they are data for everyone sort of thing. it's a great company. cloud based companies are going through the roof. as the investors are understanding the importance and quite frankly, through these times, the value in having recurring revenue streams at such high levels. a company like that, if it closed everything up, it would still grow. you can't say that about a lot of manufacturing companies. so these technology firms, like google, et cetera, these subscription revenues, if you are over 90% recurring revenue, then the people, the investors are going to go wow, this is something even through the worst

of times, they are growing. they have grown, they have grown very well. that's my point. if you are in the tech sector looking, you want to jump on splunk. maybe there's still room for microsoft to grow, for example. liz: got you. dow jones industrials down about 78 points. scott, we have got you back. we were talking about gold and the miners hitting a nine-year high but look at gold per troy ounce right now, you guys. it's at $1,970 a troy ounce. to me, i look at this, i have my notes, very high tech, my chicken scratch here. yesterday we were at $1955. now we are at $1970. do you like gold here? do you like the miners? or do you like something else as we see the dollar go down, gold go up? >> you know, i really don't like gold here. i know that it is a popular trade, it's the trade where uber drivers, the cash register people at your local grocery store ask you about gold. i think it's come too far, too

fast. i think we are due for probably a good 5% selloff from here and then i would reload, then i would be long it. i think going into the third quarter, going into the election, you know, we are going to move higher from here. i think $2,000 probably is a magic number here but it has come too far, too fast, in my opinion here. in terms of gold and silver, everybody is talking about silver also with the massive rise here. well, that ratio that people watch, that was almost 120 so gold to silver, just a couple weeks ago. that has now normalized, back into the 70s range where it should be here. so in terms of people saying wow, silver's got more to go also, i think both can probably sell off, you know, the same amount simultaneously here but then i would be a buyer on any single dip. liz: okay. all right. yeah. missed the big one on march 23rd. there are the miners, kind of a

mixed picture. silver up 33% over just the past seven sessions. scott, wolfgang, great to have you both. scott, glad we were able to reconnect your audio there. sorry about that. dow jones industrials down 84 points with the closing bell ringing in 48 minutes. pfizer and partner biontech are catching up to the lead, running in the race to find a covid vaccine. just a day after moderna said it's starting its late stage human trials, pfizer and biontech announced they are ready to do the same. the study will include 30,000 participants globally and if there is clinical success, the companies say they are on track to seek regulatory review as soon as october. pfizer is up 4.6%. biontech is down 2.2%. while a vaccine does not sort of seem far off when you hear these headlines, consumers are still worried about squeezing the charmin or walking into the grocery store to squeeze the charmin.

we are about to show you the cart, the shopping cart that's like a robot on wheels, and you will meet the ceo behind it who is focused on making your grocery shopping experience as contactless as possible with their smart shopping cart. "the claman countdown" is coming right back. decide if you like this thing. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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liz: as the covid-19 pandemic continues and consumers seek out new and safer ways to shop, for awhile there, it looked like actually walking into the grocery store and doing your own shopping might become a thing of the past. a new survey out shows that online grocery sales reached $7.2 billion in june, but more than 45 million u.s. households decided to do their shopping from their computer chair or cell phone, as they feared the coronavirus tentacles might somehow reach out and grip them. no grocery delivery service is bigger than instacart right now. the company which links up customers with shoppers who do your shopping for you claim 57% of the u.s. market share in the online grocery industry. but are you kind of starting to get annoyed, paying for somebody

else to pick out your produce and then they don't understand that you want the really hard nectarines or really crispy grapes so you get items that are wrong or soft or not quite right, yet you are still afraid to go to the store on your own? our next guest is ceo of a company that he says has the solution to this problem. fox business exclusive, we welcome lyndon gale, cofounder and ceo of caper, the smart shopping cart. this is fascinating. it's already being tested and working in at least one canadian market. first explain to our viewers exactly how it works. >> sure. so we have built a shopping cart that takes computer vision and directly ties into the shopping cart to directly identify items and placing these items inside the cart. one of the first versions we had launched is a version where the customers can take the bar

codes, scan the bar codes and drop it into the cart. [ inaudible ] a.i. so in the future you can directly pop these items into the cart. liz: okay. so to me right away, i'm thinking now i don't have to put things on the conveyor belt by the cashier and the cashier doesn't have to touch the stuff. that in my mind is working in a very positive way because i get all panicky and then you feel like you have to wipe down everything once you get home. tell me exactly how this works. it almost is like a robot with a.i. built into it, is that correct? like what are the nuts and bolts of how your cart works? >> yeah, so the cart is a regular shopping cart and it's fitted with sensors, three cameras and a screen that's mounted on the shopping cart. as you grab the cart and walk around the store, it will give you recommendations based on

what you have inside the basket, where you are inside the store, and once you're ready, you can directly pay on the cart and once you're done, you can bag all your items and leave the store. liz: okay. >> go ahead. liz: no, you go ahead. i'm fascinated by this. i have a million questions. go ahead. >> yeah. we have cameras right now, we are leveraging these cameras for anti-theft purposes so if you try to steal items, we can directly identify that. down the line, you could directly toss items into the cart and we will directly leverage the camera to identify these items based on shape, color, letters and so on. liz: if i'm kroger or albertson's or whole foods, all i'm thinking of is how much do these things cost.

actually, amazon which owns whole foods is trying to develop its own smart cart so there's that. how much does it cost? each cart? >> i cannot disclose that. but we have priced our carts in such a way that retailers can easily [ inaudible ] within 12 months. we have technology that can scale with retailers in mind. liz: i'm thinking to myself this is really a positive but post-pandemic, who is going to want these, or do you think it's got a very sticky business model where people will say i'm going to this store precisely because of the carts, not necessarily the produce or the food? >> yeah, this is a very interesting question. we have seen this actually happen in some of the stores we have launched with where customers in nearby stores are being pulled into that particular store because they love using the cart. post-pandemic, things won't

change. anything pandemic kind of accelerated the need for a checkout-free experience. we believe this type of behavior will stick around post-pandemic. liz: okay. i can actually see that, because it seems like there's such ease of use here. finally, tomorrow, we have the top tech ceos including jeff bezos of amazon, who will be hauled before congress virtually because there are questions about, you know, antitrust, monopolistic behavior, and among those behaviors, it involves where they start to see smart young startup companies, perhaps like yours, doing amazing things, and they either acquire, copy or try and kill you guys. what do you say to somebody like jeff bezos if he says i'm doing that, too, because amazon is putting together a smart cart of its own? >> yeah, they are, but we have a differentiator. number one, caper is exclusively

only focused on the checkout-free experience, so we are extremely product-focused and putting our heads down and moving the product forward. post-amazon dash cart use, we are seeing a huge influx of retailers who are very very interested in installing this type of technology in their store. going forward, we have hardware acquired through years and years of experience and integration. these shopping carts bang around in your parking lots. liz: i know. i know. >> lastly, you know, taking some of the consumer experience and consumer interest in mind, some of the carts [ inaudible ]. especially in the midst of covid. liz: we've got to run. we're enthusiastic about this. we like companies like yours. congratulations. keep us posted when you get the next big contract with a big name in the grocery world.

closing bell ringing in 36 minutes. the dow is still struggling, now down 102 points. the countdown to football is on. today marks the first day nfl training camps are open league-wide but as the number of cases throughout major league baseball increase, is america's favorite sport going to be in danger? we are taking you to the nfl. 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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geico. save an extra 15% when you switch by october 7th. liz: breaking news. major league baseball has just postponed all games for the miami marlins until next monday. that would be august 4th. this after another four players on top of yesterday's 11 have now tested positive for covid-19. and in a case of elimination by association, the philadelphia phillies will be canceled until friday. all games for them, because they were the marlins' opponents and had contact with that team. this as new york governor andrew cuomo has thrown the major

league baseball teams, all of them, a life jacket out of their corona catastrophe. cuomo saying this afternoon that the state quote, has the capacity to create a bubble for the league like the nhl is doing and the nba has done, saying that they can offer all teams to come to new york, play all the games all the way through to the end of the season. now, we have reached out to mlb for comment. they have not yet responded. but the reported pause comes after washington nationals players voted against going to miami to play the marlins this weekend. this according to reporting by fox sports' ken rosenthal. the marlins' outbreak sending sports gambling stocks into the red yesterday. penn national gaming, mgm resorts, draft kings, all finished down more than 5% yesterday as investors feared a shutdown of the mlb. what could come this fall when the nfl tries to play sans bubble? maybe they will change their mind between now and then. training camps opening today for

all the football teams across the country and we find kristina partsinevelos outside the league office of the nfl in new york city. what must they be thinking and saying? kristina: i know, given all this breaking news, i can only imagine what people are wondering for the future of nfl, mlb and every other major live sports league out there. but like you said, if you are going to go back to that breaking news with the major league baseball teams, they are saying too that all of the phillies and yankees home and home series games will be postponed for the rest of this week so you have the marlins, they are officially on pause, then the fact the phillies will have some games that are postponed, this comes after the mlb said they conducted 6,400 covid tests since just july 24th, last week. so far, no one has tested positive on the field. that was a key word in their press release there. but you have a situation where the mlb is trying to figure out how do they move forward with this, and whatever decision they

make, will impact other sports leagues. it's not just the fans, the teams. it's people with skin in the game, including states. that's because gambling, sports gambling brings in a lot of revenue. for example, in nevada, nevada sports books brought in $329 million from $5.3 billion in wages just last year alone which is a record. we are talking about football, which includes professional as well as college level. they generated about $1.8 billion in wages. also a record for last year. but this is a big question, liz, about what's going to happen going forward. with the nfl we welcomed 27 teams today for training camp, some of them, you know, from covid hot spots across the country. but what's happening now are players are opting out of the season. you have six players from the patriots that have decided they are going to choose their health over playing and this is patrick

chung, the safety for the patriots. given the covid outbreaks, you mentioned this briefly, some of the sports betting companies are really taking a hit like draft kings. take a look at the share price over the last five days. you saw it fall dramatically on monday, once the mlb information came out. so everybody is paying really close attention to how the mlb will move forward because it could most likely impact professional, college sports leagues as well as sports bets i betting. the latest we are seeing online is more and more players deciding whether they will opt out. no doubt this will create a lot of havoc. we want to make sure everybody is healthy and watch some games. back to you. liz: yeah. the nhl actually looks pretty good. thank god for hockey. can't wait to see that start. at least we have our fingers crossed for that. kristina: the nba as well. nba, too. liz: yeah. because of the bubble. kristina, thank you very much. next, we talk to one bank

ceo on the state of states, where his bank operates and the impact rising covid-19 cases are having on everything from giving you a mortgage or lending anything, any money. stay tuned. "the claman countdown" is coming right back.

liz: well, marlins aside, florida has just marked a grim milestone. the sunshine state recorded a new single day record for coronavirus deaths with 186 confirmed in just the last 24 hours. that pushes the state's current death toll to 6,117. florida also adding 9,230 new cases since yesterday. so that state has now leapfrogged over new york to become the state with the second highest number of cases behind california. ira robbins is a ceo who operates a bank in all of those states.

he's president and ceo of valley national bank. ira, what's life been like? because you also operate in new jersey as we said, but also alabama. it's not easy here, the rate of transmission is increasing in those states. >> it's been unbelievable dichotomy between what's happened in each of the states that we operate in. obviously florida wasn't as impacted to the degree new york and new jersey were initially, and many of our business customers were able to reopen, earlier in the state of florida. that said, many of the new jersey and new york customers now are now reopening and activity seems to be better in the northeast than what it is down in florida. that said, i do believe there is a bit of disconnect between what we are hearing in the press as to the economic impact down in florida versus what we are seeing on the front line from many of our business owners. definitely the cases are increasing, the hospital accounts have been increasing as well, but that said, many of the restaurants and hotels and some of the service sectors are still seeing increased activity and i'm not quite sure it's the same

level of negativity we are reading in the press. liz: okay. so i'm thinking restaurants and some of these other chains and stores, retail, are some of your customers. give me a sense of where you are seeing the most activity in all of the states in which you do business for things like lending, refis, mortgages. >> so residential's been crazy, to be honest with you, across the entire geography that we operate. right now, about 60% of our activity is in the refinance space versus the purchase. in the northeast, there has been a predominant focus on purchase activity as states like new jersey and some of the suburb areas are impacted by the outflow from new york city. there is a real fear of people living in manhattan and we are seeing it in purchase prices and the suburbs as well as purchase activity, it's definitely increasing. there is also a lot of pent-up demand in new jersey as well as there were no new homes on the market in march, april and june so activity has been real strong

for that. on the refinance market, a lot of people are just taking the benefit of where interest rates are today and that activity continues to be very very strong. on the commercial space, many of the borrowers i talk to are very concerned about what's going to happen in the economy today. capx projects that were initially put into place are now on hold and many people are expanding overall liquidity positions that they have, just really concerned as to what happens the later half of the year. liz: ira, you just threw so many interesting points. i want to tackle refis. do you think rates are going to go lower and which states will you see the benefit there, considering the fact that yes, inventory's a huge problem. you're not seeing as many mortgages written because there aren't enough houses to buy. >> right. liz: in certain places. >> yeah. and you look at the builders at least in the northeast, we are focused on apartment space for a very long time and now they are really changing. and the ability to build single family homes in the suburbs has definitely increased.

i think there's generally going to be an increase in activity in some of the suburbs for a very long period of time. i just don't think this is a transitory move. that stayed, just jumping back to the overall business for a second, there's real concern for many of the business owners we have as to how long this business model, that the outbreak today is going to be able to last and how important is an additional stimulus package for the government to really look to pass for many of them. liz: yeah. yeah. the gop -- sorry to interrupt, but the gop's promise or at least their idea of the next phase of stimulus includes more ppp, paycheck protection program for companies that have fewer than 300 employees, but who also have seen revenue dropping 50% plus or more, obviously. tell me how you as a banker, because you did a lot of these early ppp loans, as i understand it, how did you prevent things

like fraud? we have a florida plan hugely in the news, just been charged with fraud. he got $3.9 million in covid relief funds, using the money to purchase among other things a lamborghi lamborghini. you guys have been a big ppp lender. how do you weed out any crooks who are seeking out this loan money? >> i think the program was open to a lot of different financial institutions. i think those of us that are banks that participated in it understand what our responsibility is to the government. through aml as well as bsa. we get over 12,000 applications, we turn down over 700 day one because we didn't think they were eligible to participate in the program. that first line of defense is very important. that said, as the government expanded it and opened it up to non-banks, i believe that really led to some of the fraudulent activity that took place. i think when you look at the ppp just in general, keep in mind the initial calculation of the loan balance was only for eight

weeks. many of our businesses now are in nine, 10, 11, 12 week of what's been going on. they need additional funds or what's going to happen here in the long term, if business models they have set up are not structured to last for an indefinite period of time and the government needs to act with immediate focus, they need a second round of funding with the limitations they have described, for all the businesses that need this. it's very important. liz: you are a brave ceo operating in florida, new york, new jersey, alabama. good luck to you, ira. i'm sure your clients and customers are really appreciative. ira robbins, valley national bank. look at the dow, you guys. we have about 16 minutes left before the closing bell rings. we have doubled our losses here. we are down 153.9 points at the moment. we are keeping an eye on what's going on, the s&p is down 15 and we do have the nasdaq down 110. wildly popular social media app

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liz: more troubles for high profile tiktok may have mark zuckerberg's mouth watering. of course, zuckerberg is a competitor of tiktok with instagram. here are the troubles. former vice president joe biden's presidential campaign now confirming it has told staffers to delete and refrain from downloading the tiktok app on both their work and personal phones due to security concerns.

now the "wall street journal" is reporting that facebook wants to offer cash to tiktok creators to take their star power to its competing service, instagram reels, essentially a tiktok clone already launched in brazil, france and germany and now being prepped for debut in the united states. what did i say, right? the big tech guys either acqu e acquire, copy or try to kill. amid tiktok's turmoil, facebook is moving lower by 1%. rival video platform thriller -- tr triller, is raising hundreds of millions of dollars to rebuild its platform as tiktok is under growing u.s. scrutiny because it is owned by a chinese company. charlie gasparino is about to break it on what might be next for tiktok which is wildly popular, charlie. it's not tic-tac. let me say it ahead of time. charlie: lydia broke the story about the financing.

it is now being picked up across the internet. triller, from what sources are telling the fox business network, is now in the midst of raising between $200 million and $300 million in the private securities market. that's not the ipo market. that's the private market that exists where you can raise money directly from institutional investors. there's a lot less filing. sources are telling us malik is involved in this deal and it's a fairly significant raise. we should point out, lydia broke this earlier today, now it's being followed up. the real issue here, what lap happens to tiktok amid this. it's reflexive. i want to say tic-tac. i'm sorry. what happens, they are facing immense scrutiny. you know what's really funny is that joe biden's campaign has to tell people to delete it. i always thought young kids, could you imagine joe biden's

campaign manager on tiktok? anyway, it is now coming under incredible scrutiny. here's the problem they have at tiktok. despite the fact triller is going to raise a lot of money, it's run by very competent people, it's attracting more and more users that were on tiktok, we should point out there's been a lot of stories about how those big-time young media -- those big-time influencers are migrating to triller. tiktok doesn't have a lot of alternatives. look at it this way. let's map this out a little bit. they can do an ipo, right. let's get to the bottom of it. bottom line is u.s. government doesn't like the fact they are owned by the chinese, the chinese company bytedance. how do you get out from under the chinese? you can do an ipo. sell to u.s. shareholders. still the chinese would have a stake. guess what, u.s. government hasn't approved many chinese ipos these days. they could sell to private equity. generally private equity doesn't

like companies that have a massive valuation that tiktok has right now. they take companies that are beaten down a little bit, fix them up and sell them, take them private and sell them to the public market. that's a problem. i guess you could say they could spin it off into something but still, do the chinese have any say in this, do the chinese still own a piece of it. this is a real problem for them operating in the u.s. there's not a lot of great alternatives. on top of that, you do right now have competition and triller is not just attracting users and the influencers. it is attracting money and from what i understand, other banks are involved in this and they are looking for a pretty significant -- now, what does $200 million get you if you're triller s triller? you can incentivize your users, expand your platform, do more marketing. this is why tiktok is in a bit of a bind. this story is developing.

again, lydia broke this earlier. there's a lot of followup on it now. you will hear more about this story in the next day or so. back to you. liz: you know, i think it is a fascinating development and this show in particular, "the claman countdown," we have wanted to be on this tiktok story because we think there's fascinating management. we're looking at this and first-hand experience because my kid, all thee doshe does is tik videos. charlie, thank you very much. charlie: can i ask one question? what is joe biden's campaign -- liz: depends. charlie: what are they doing on tiktok? they are adults. liz: what are amazon workers doing on tiktok? charlie: they're adults. liz: it's very hocht. anybody in their 20s. closing bell ringing in six minutes. the dow has lost some steam. we are now down about 188 points in these final minutes of trade.

we are now very close to session lows which means some of the stocks in the dow are now on sale. our "countdown" closer has a shopping list of stocks he says you must pick up on discount next. he will name them in a moment. . .

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find a stock basedtech. on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. ♪. liz: three minutes away from the closing bell. so why are we suddenly seeing the dow fall 204 points when we were down 70 during the beginning part of the show? we can sit here to talk all kinds of reasons. let's get to the "countdown" closer. he is picking three dow stocks he absolutely says are now on sale, global growth, blue chip core, blue chip dividend. here is his list that all these names fit he says. huntington bank cio, join augustine.

18 billion in assets under management. what names do you feel like are on sale right now? >> look at companies yielding over 3% in the dow. are 14 yielding over 3%. that is pretty attractive, fixed income, treasury yield environment. you can literally start with verizon, jpmorgan, you can go to proctor & gambles, you can get a bundle of stocks, liz that have total return potential and income now. liz: uh-huh. six stocks for the three strategies you just outlined. home depot, proctor & gamble, microsoft, chubb, pepsi and parker. chubb and parker, pepsi not in the dow. let's just get to these names, the common thread here. >> well the common thread again is total return what we like, a mix of stay at home an post-covid stocks. we think it is important with our portfolio managers, equity

teams, concept of barbell in equity portfolios. covid stock and post-covid stock. [closing bell rings] that is the way it is going. probably will continue that way. liz: john, thank you very much. john augustine. join me 6:00 p.m. on twitter. we'll do futures trading. the dow closes down 205 points. melissa: all right. wall street bracing for relief. stocks sinking into the close as lawmakers begin talks on our fifth round of coronavirus relief. i'm melissa francis. >> david: i'm david asman in for connell mcshane.