the audience, you think this is a trend that will get hotter. richard branson jumped into it today. certainly everyone's pouring into it. i wish we had more time but always appreciate it because we learn more about one of the hottest areas in the market. thank you very much. speaking of which, the market itself, liz claman, it ain't too hot right now. liz: no, not at all. not at all. thank you, charles. hey, look, we've got breaking news. tiktok videos are not the only thing moving and shaking at this hour, as details begin to emerge on a deal involving oracle, walmart and tiktok's chinese owner bytedance that looks nothing like the outside sale president trump has demanded. now gop senators are bearing down demanding the no-sale partnership with oracle be rejected. charlie gasparino with breaking news as the clock ticks down to a ban of the social media app. as we head into this final hour, big tech is what's dragging wall street lower.

the nasdaq is testing the lows hit during last week's three-day selloff that sent it into a 10% correction. any more than a 206-point loss for the nasdaq and we right now are down 212, so yes, we are now deeper into that correction territory. we knew the pandemic absolutely crushed the travel industry but now booking holdings, forced to take a draconian step ahead of the holiday travel season in order to stay alive. the ceo of booking is here to tell us if he's at least starting to see a shred of light at the end of a very long lockdown tunnel. plus we are on the ground in florida after the aftermath of hurricane sally. a money manager to sports star shares his covid stock picks. and new evidence of a coming coronavirus foreclosure disaster. less than an hour to the closing bell, let's start "the claman countdown."

liz: we've got to get to the hottest software ipo of all time. it is now getting iced over, with about 59 minutes left to trade, take a look at snowflake, falling hard after yesterday's 3.4 billion blockbuster debut, where yes, they had the zoom ringing over-nyse, everybody was cheering. this is the buffett-backed cloud warehouse which did set the record for the best ever start by a software company in the public market. by the end of the session yesterday, it was up 111%. but the largest u.s. listing of the year now trading below i$24 price, now at $226.18. by the way, its lead underwriters, goldman sachs and morgan stanley, which priced it at $120, they are also taking hits at the moment. goldman down 2.7%. morgan down 2% as some investors

accuse them of leaving billions on the table. so we are watching snow at the moment, taking a $27 clip to $226.50. from cold to hot. let's lean back in our chairs as we take a look at furniture maker herman miller, putting the pop in our pop stocks. the company known for, yes, that ergonomic aeron office chair, flexing its on the home office boom muscle with quarterly revenue coming in at $628 million. plus a more than $97 million beat on estimates. the stock jumping 33.33% at the moment. herman miller reinstating its dividend and announcing its first concept store dedicated to the home office. nice move for herman miller. we've got a blowout win for esports entertainment. registered users growing 400% during the latest go legends series of the company's

tournament. the online event also drawing 1.7 million unique viewers for partner allied esports. esports is up 12.25%. allied up 3.5%. shares both very much powering higher on that news. quick check of the nasdaq, down 230 points right now. not to be outdone, barstool sports partner penn national gaming leveling up. steeple taking the bet on the portnoy momentum trade, as barstool founder dave portnoy. raising its price target from $47 to $84 a share two days after the soft launch of team-up sports betting app. guess where it stands now? $71.62 for a gain of 5.5%. all right. breaking news about tiktok. is president trump about to hold true to the red line he drew that tiktok be severed from its chinese parent and sold to an american tech company or is he hours away from backing away and accepting a compromise? to the timeline on your screen,

folks. july 31st, aboard air force one, president trump tells reporters quote, we're banning tiktok, he says it's a national security threat because bytedance, the chinese company that owns it, has a huge amount of user data it collects from americans. then august 6th, the president signs an executive order saying the situation is a national emergency with respect to securing the tech supply chain here in the u.s. then august 14th, late friday night, 7:45 p.m., he signs another eo saying credible evidence bytedance might take action that threatens to impair the national security of the united states so he signs the executive order ordering bytedance to sell tiktok u.s. to an american company or be banned in 45 days. well, now reuters reports it's shaping up to be not a sale but a partnership. we are waiting to hear about the

percentage stake but that also apparently you have oracle with the right to name a u.s. citizen as the ceo, which they already had with kevin mayer before he quit in the middle of this saga. oracle down 1%. to charlie gasparino. charlie, this is starting to look like a forced joint venture, the very thing the trump administration had been railing against for three years. charlie: yeah. and as we were first to report, you can dress up this entity that's going to hold tiktok any way you want. you can say it's u.s. ownership, it's a u.s. company, it's going to be ipo'ed, we will get to that in a second, but the reality is this. bytedance which is a chinese company still owns the app and still owns the algorithm. that is at core, that's the core concern of the national security officials in the u.s. that's what trump, the president, was essentially

critiquing in those executive orders, saying that the chinese, because they control that app and they created it, they could have imbedded it with spyware, that that app, no matter whose cloud it's in, that app is poisonous because it extracts user data from the people and it gives it to the chinese. that's what he said. i don't know what combination of corporate structures they're working on. i hear there are certain structures they're working on which, you know, allows now this entity that's going to hold this to be u.s.-owned, but still, that's the core part here, the chinese would not allow microsoft to buy the whole thing for $20 billion plus and do what they had to do with it. here's what we know. here's the state of play. before we get into this. just let me draw out a couple facts. tiktok is trying to sweeten the deal by telling people that if it gets approved, it plans to do

an ipo in the next year and list on a u.s. exchange. what does that do? theoretically, that would increase its ownership to u.s. investors, thus less chinese involvement. we should point out when alibaba did an ipo, the chinese were still involved and so was the chinese communist party, was in t the prospectus. officials are still debating this. there is some talk that maybe secretary of state mike pompeo is somewhat being pushed to mnuchin's side, steve mnuchin, treasury secretary's side, but i still hear there's a lot of concern there. steve mnuchin as we were first to report basically signaled he was going to approve the deal through cfius. we reported that yesterday. he was poised to approve it. he just needed the president's sign-off. then this entire mess blew up as we first reported -- liz: so -- charlie: -- and excuse me, and pompeo getting involved and putting the brakes on it.

that's where we are right now. liz: yeah. i'm holding up the two executive orders. i read them very carefully multiple times. they are signed by president trump. charlie, the president, one of the president's most trusted trade advisers and the biggest china hawk arguably, peter navarro, was on the show last week. he was supposed to be on today. his people canceled it, saying he had a meeting. we know that last week, he was very clear on what would be required. here's what he said. >> the problem we have with tiktok is just a massive tsunami of data that they pick up from the american people that allow them to surveil, monitor the american people, their personal information, their user names, their pass words that people likely use across multiple accounts. liz: you know, this is amazing to me that we are hearing about a hosting type of relationship

that oracle will have. when you web host, that still doesn't mean that brilliant chinese engineers can't find some way, some back door in. so i fail to see how this will match with what peter navarro wanted. charlie: i would say this about peter navarro. it is very strange that he's gone silent on this aspect, this deal, particularly as oracle got involved in it. peter navarro, listen, if a girl scout cookie has one ingredient that may have come from china, peter navarro is pounding the table going ballistic and thinking the chinese are infiltrating the american capitalist system. i like the guy. he's actually made some good points about china but he's off the rails sometimes on this china stuff. what's interesting about him going silent right now and essentially dodging your question, because you asked him this, when larry ellison, who is a friend of trump, when he seemed to be the leading, the guy to make some money on this and to do this deal, listen to

peter navarro, how he's gone silent. you know, i'm just saying -- liz: what about -- charlie: it is somewhat hypocritical -- liz: what about the gop senators? there's a slew of gop senators, we can put up these names. hold on. roger wicker of mississippi, josh hawley, rick scott, marco rubio, all of them have written letters to the president saying reject it. charlie: i know. just remember, those are folks that are at least, you know, have been consistent. what's odd about navarro in dodging this now is that, you know, this is his wheelhouse, right? this is an 80 mile an hour fastball down the middle of the plate that peter navarro should be going, you know, crazy and knocking it out of the park saying this is horrible, and the fact that he's not -- liz: he may be, charlie. he may be behind closed doors saying are you kidding me?

this is a forced joint venture. charlie: i bet -- lisa: . liz: he said he had a meeting. charlie: let me make this point and you can cut me off. i bet he didn't want to answer your question about this. liz: i don't know. i think he wanted to answer it. i just think he's really in a bad position. maybe the president is going to back away from the red line on tiktok that he himself put together with these executive orders. charlie: liz, like i said, if a girl scout cookie had one ingredient made in china, peter navarro would go nuts. liz: well, it is up to the president. we will see if he is unhappy with it. we'll see. charlie, thank you. minute by minute, this thing is supposed to be expired, banned september 20th. we'll be watching it. closing bell ringing in 48 minutes. amwell making a healthy debut. yeah. 48 minutes. wanted to check that. the teledoc competitor is

trading at the moment higher by 31% after raising $742 million for its initial public offering. backer google, whose google cloud unit owns a 3% stake in the telehealth provider, down in today's selloff, just about 2.6%. drug maker teva who owns nearly 7% of amwell through its $10 billion investment is getting a bit of a boost, up nearly 1% as we head into the close. up next, congress, the fed, market moving ipos, so much data but what is the biggest indicator from market direction as we head into the final months of the year? our floor show traders are reading not just the cold temperatures but the market tea leaves when "the claman countdown" returns. tending hives of honeybees, and mentoring a teenager

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liz: breaking news. take a look at the nasdaq. it is paring its losses. we have about 43 minutes left to trade. the nasdaq had been down just about 17 minutes ago by 220 points, putting it more solidly into correction territory. now we are down 178 so all of this uncertainty, at least certainly is welcome for the bulls but it makes very very difficult the picture for

investors. as we have mentioned, we are seeing this very hot ipo snowflake cooling off after doubling on its first day of trade yesterday. we also have the federal reserve yesterday announcing you know what, we can't see improvement until at least the end of 2023 so we will keep rates near zero for three and a half years. then there's still the question of whether there will be a lack of a potential surprise stimulus plan before the election. let's bring in our traders. tim anderson and scout tt bauer. scott, are you seeing anything that's the biggest indicator where the markets are going by the end of the year? >> let's take a look at tomorrow's consumer confidence number because the bottom line is we know the consumer drives a very good portion of this economy. it has been really good lately but if it starts to wane now because there's a few more lockdowns, people aren't going back to work, the stimulus is not there, that is going to hit

this economy, that is going to hit the market and finally maybe the market and the economy will start to work together, and that's the last thing that we want going into the fourth quarter, especially going into the holiday season, which we know is going to be extremely challenged as it is. so for me, it's really looking at the consumer and it's looking at jobs, and we'll get a good look at that tomorrow morning. liz: the uncertainty, and i think scott's right on that, there are a lot of things we have to wait upon for data to give us a little bit more of a north, south, east, west direction but timothy anderson, the volatility index is jumping about 4.5%. i was watching this closely yesterday right in this hour because jerome powell was saying three and a half years out, we are still going to have 0 to .25% rate. let me be very clear to our viewers, that is for outright emergencies. so we may be in that now but i

fail to see how he would know if we are supposed to be recovering and we are, we are seeing decent data, in two years we are still at zero? does that give you a sense that that will mean great mortgage rates, that will mean great refis and the housing market might look pretty good, ex what we got today which was i believe, what did we get today, housing starts, august housing starts, it was a miss, but other than that we have seen some pretty good numbers so what indicator do you look at? >> we have seen very good numbers and powell can say interest rates will be at zero for two or three years but the reality is if inflation really does go above 2% and stays there for what he said in his statement the other day, awhile, more than awhile, awhile in their terms is probably in the neighborhood of a year, then they will talk about maybe raising rates, even if they raise them to half a percent two years down the road, they are still extremely low. but what i continue to look at in this market is this great rotation that the market

continues to go through off the march lows. look, the s&p 500 and nasdaq made all-time highs on september 2nd. since then, the nasdaq is down close to 10%. the s&p 500 is down almost 7%. the dow since that day which didn't make an all-time high is down close to 5%. the dow jones transportation average right now at the beginning of your show -- liz: all-time high. yeah. >> -- is higher, higher than where it closed on september 2nd. so -- liz: it's crazy. yesterday it hit an all-time high. >> intraday, it did. i believe an all-time high close would be 11,555. but what could be a better sign for a healthy market than one in which investors are selling the stocks that have had near parabolic gains and rotating into heavy cyclicals like the airlines, rails, truckers,

transport companies, for a continued improvement in economic activity. liz: yeah. indeed. i just want to make a clarification. i know our banner says high jobless claims fuel recovery concerns, but first-time jobless claims came in today looking a little bit better than expected. so as we watch this, we can actually slightly worse than expected, but in -- i'm sorry. this was the number you want to see higher, a gain of 860,000. you know, this is the number we want to see fall at the moment. as we thank tim and scott, there we go, 860,000 with continuing claims of 12.6 million, exactly, just look at the numbers. don't listen to the redhead. thanks, gentlemen. 48 minutes, 38 minutes to go before the closing bell rings. 100 mile per hour winds and as much as three feet of rain ravaging parts of alabama and the florida panhandle as hurricane sally barrels into the southern coast. we are on the ground in

pensacola with a live look at the devastation and the stocks on the front lines of the rebuilding effort. we have just gotten in some new video via drone that we are about to show you of alabama. it is stunning. we will show it to you in "the claman countdown" next. introducing stocks by the slice from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today.

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hey! - that's totally him. - it's him! that's totally the guy. safe drivers do save 40%. click or call for a quote today. liz: breaking news. we just got this new drone footage fed in by the fox flight team. this is our drone team. this is destruction of hurricane sally from orange beach, alabama. this was a hotel, you can see boats are turned on their sides, there is mass destruction, docks destroyed as the coasts of alabama and florida try to recover after then hurricane, now tropical depression sally

ran roughshod directly over the region. as it now moves up the coast through georgia and the carolinas, we now have more than 532,000 homes across alabama, florida, georgia and louisiana without power, as cleanup crews struggle to navigate the flooding, downed power lines and destruction left behind, let's head to grady trimble on the ground in pensacola, florida. he says local residents are just trying to recover. grady, tell us what you're seeing there and who you're talking with. reporter: well, liz, some of the homes in this neighborhood are as you describe, without power, but that is the least of their worries. you can see the first level of just about every home in this neighborhood was wiped out by the storm surge that moved through here around 4:30 when sally made landfall. but take a look at this. this is a barge. it was attached to a bridge not far from here. it detached from the bridge and the winds and the rain and the storm surge brought it and it stopped in these people's yards

here. red is with me here. he's 98 years old. he was home when the storm hit and red, you saw this barge nearly take your house out. >> i was sitting looking out the window. i saw it while it was floating in here. i thought it was a -- i had no idea what it was or i would have got up and run. i watched it come right in and i was sitting in my living room when it made contact on the southeast corner and it simultaneously hit the pilings on my house and the cypress tree i have growing out front. between the two of them, with the barge floating, it stopped it so it did not drive right on through the house. reporter: we are so glad you're okay. you must have been really shaken at the time. >> i don't scare easy but i was scared. reporter: ready to run upstairs if you had to, huh? again, glad you're okay, you lived to tell the tale, fortunately. liz, although the water has receded here, there are some concerns that as this storm moves north, it's going to continue dropping rain and that

could inundate some of the rivers in the south, which flow into the panhandle and that could cause more river flooding along some of the rivers up here in the pensacola area. there are water rescues under way, more than 300 people still need to be rescued in pensacola and escambia county, the surrounding area. that's after hundreds of people already were rescued and thousands more are cleaning up from this mess. liz? liz: grady, you know, the home builders are down at the moment, probably because we've got bad housing starts but here's the home improvement sector. everybody rushes to home depot and lowe's to try to fix their situations after these hurricanes hit. bless red's heart, at 98 years old, he is alive and kicking but for that. you know what, let's take it out to grady one more time and show us that barge. i am blown away by what red

survived. that is just amazing. nearly hitting his house. reporter: liz, there are several more barges along the coast. there were several attached to that bridge. a bunch of them, we are told at least three of them landed in yards just like this, and a lot of the people were home at the time. so very fortunate that everybody was okay. liz: indeed. indeed. grady, thank you for bringing us that story. it really lets people in the rest of the country understand what those folks are dealing with. grady trimble live from florida. we have the closing bell ringing in under 30 minutes. carnival cruise lines and royal caribbean's stock stuck in port at this hour as both extend cancellations further into 2021. this is constantly a situation of goalposts moving on the calendar. royal caribbean suspending all sailing from australia and new zealand through december 31st. carnival's uk based p & o line canceling all of its caribbean cruises for the rest of the

year, with other carnival voyages from the u.s. now offline through late next spring. the company also planning to sell 18 of its ships. carnival is down 2.25%. royal caribbean down 2%. up next, booking holdings ceo is here on the ripple effects of these travel cancellation waves when "the claman countdown" returns. don't go away. gives us confidence. yeah, they help us with achievable steps along the way... ...so we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. oooh, well... i'm good at my condo. oh. i love her condo. nana throws the best parties. well planned, well invested, well protected. voya. be confident to and through retirement.

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liz: you heard about this this morning. airline executives had to take their cause to the white house for more rescue aid this morning, but even with the initial $25 billion the sector got a couple of months ago, the covid-19 pandemic is crushing the market caps of some of america's carriers. hawaiian air, you know, it's a regional, we get it, but it's now sitting below the $1 billion mark at just $645 million. but look at jetblue, now at just

$3.3 billion. alaska air, $4.9 billion. even american airlines is in the single digit billions. airlines not the only travel industry sector facing the heat of the coronavirus. booking.com has undergone multiple rounds of layoffs and last week had to shut down at least five of its global offices. let's bring in booking holdings ceo and president, glenn fogle. glenn, welcome. no ceo ever enjoys cutting jobs but do you get the sense and by my numbers, i see about 4,000 plus jobs that were cut, do you get a sense that's it for now? you're done. >> it is horrible when you do have to make cutbacks. that's the last thing you want to do. we are one of the last companies in the travel industry to do these kind of cutbacks. we really tried as much as we could to maintain as much employment as we could, but the fact is this pandemic has been so devastating to our industry

that we had to make these moves. i hope, i feel fairly confident that when we're done with what we are going through right now, the current layoffs, that we will be done. i think we will come out, the future will be at some point over the hill and start building back again. liz: we just got thanksgiving travel season around the corner followed by hanukkah, christmas, and i'm interested to know what you're seeing when it comes to bookings. where are people booking and in what numbers? >> yeah. so we saw this from the very beginning, the depths of the pandemic where people are unwilling to go anywhere and then the first thing they want to do is go locally. very very close to home. driving distance. we have seen that continue and gradually extending and some, a little bit more people, a little easier getting on a plane, feel a little bit better. no international travel at all, practically. most countries, many countries

being very restrictive in who they will let in or not. but we are seeing some bit of hope as people do begin to expand their distances, et cetera. what we really need, we need a vaccine or therapeutic that makes it feel safe to travel. until that happens, i think we are still going to have a lot of local and domestic travel. liz: so you're talking about short haul and regional travel, and here's my worry. we do know that october 1st is the expiration of the terms that the government laid down at the feet of the airline ceos, saying if you take this $25 billion in money and a lot of them did, you cannot furlough people, you can't lay people off. well, that expires october 1st and the airline ceos have said you're going to see massive layoffs and you are going to see shorter, smaller town routes cut. how concerned are you about that?

>> oh, it's obviously a concern to everybody. it's one of those issues where you really like people in the industry and people in washington to get together and come together with some very necessary solutions to these problems. these are tens of thousands of jobs that are on the line and the industry, too, you really don't want shut down where it's going to take you a much longer time to get that industry back up. look, i have been saying for many, many months the need for the governments around the world to come to the rescue of the travel industry and we have seen many governments around the world who are doing that, in fact, putting in programs to enable people to travel cheaper by giving credits or tax benefits, et cetera. we're working with the japanese government in a program to help boost travel. we're working with the government in thailand to make that happen. we are working with italy. i would really love it if the people in washington would put together a package, stimulus package, that would enable people to start traveling again

when it is safe to travel. that's the key thing. wait for safety. at that point it would be great if we get some tax credits that would help boost travel. that would be great. liz: yeah. i agree with you. i am all for the airlines. but i know there are some libertarians and people out there who simply say look, these things, perhaps were mismanaged although to me, this is a force majeur situation and companies need to be allowed to die or be swallowed up by others. some of the bigger carriers tomorrow could buy jetblue but putting that aside, i want to ask you about another company that you have that is unrelated to airline travel and that is open table, which of course is the big restaurant booking site. tell me what you're seeing now that many restaurants are opening up and are allowed at least 25% capacity on the indoor areas. >> right. so open table publishes data publicly that shows exactly how

many people are making reservations, how that compares to last year. if you look at it, you can see how gradually over time, the number of people using the open table app has been growing, growing, growing, so that's great to see that. you can also see which areas of the country are having more increase in virus infections or it's going down, you can see that by which states are going up, which states are going down. look, i love what the people at open table have been doing. they have not only done the restaurant reservations, they took that system and offered it free to a lot of different areas to help spread out demand so you didn't have congestion a. at first it was supermarkets and pharmacies but now they are giving it away to colleges in their dining halls to make sure there aren't too many kids in the dining hall at once. they are offering that free and doing anything to be helpful during this pandemic. liz: glenn, thank you. thank you for coming on during what has to be the most

difficult time you've had as ceo of this company. folks, i want our viewers to know that ceos like you putting your face out there and getting out there and communicating is extremely valuable to the investor audience that we have. thank you. good luck to you. >> thank you. thank you very much. liz: we've got the closing bell ringing in 18 minutes and the dow is still down about 156 but we are well off the lows of the session, and the nasdaq down 157. remember, low of the session was a loss of 266. we hear a lot about a second wave coming with the pandemic, but could a second economic wave be building right now? wait until you hear how many mortgage payers are now falling without a net below. details on some pretty stunning numbers affecting those trying to hold on to the american dream. and on this week's everyone talks to liz podcast episode, okta's ceo todd mckinnon actually quit his job at

salesforce during the 2008 recession. he did so to start his own company that turned into the identity and security management giant. todd's leap of faith during this very uncertain time led to the creation of the multi-billion dollar business now powering a lot of companies around the globe during this work-from-home and work from anywhere era. i want you to hear his story. it's really inspirational. check it out on spotify, apple, google, alexa. let me know what you think. we'll be right back. ♪

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liz: we first flagged this possibility way back in june, that the number of forbearances in the housing market, a forbearance is when homeowners who are unable to make their

mortgage payments ask their banks for more time to pay or to temporarily allow them to halt payments. well, now we have some numbers. nearly one million homeowners are actually missing out on coronavirus relief that would help them enter forbearance and that because they don't know about it, is leaving them at risk of foreclosure. they have not figured out how to get forbearance from their lenders as the housing crisis brews. let's go to ashley webster with more on how this problem can be fixed and what it really means for the housing market. ashley: yeah. look, the first step for any borrower in trouble is to reach out to the lender. you can't run and hide. that is critical. there is help out there. of the one million homeowners that you talked about, they are at least 30 days late on their mortgage but 680,000 of those have essentially guaranteed mortgages which means they are indeed eligible for a forbearance plan.

the other 320,000 may also get a break from their mortgage lender, but banks, a high percentage, i should say, of borrowers just are not aware of what if any benefits they qualify for. in fact, a recent survey by the national housing resource center found that around 56% of borrowers did not know about options to provide more leniency. many more said they were basically confused about what was being offered to them and whether indeed they even qualified. so there is a communication problem, clearly, and that's why a group of government agencies are setting up a website with the consumer financial protection bureau to help struggling homeowners navigate the red tape. a national moratorium on evictions, by the way, expires at the end of the year and the mortgage bankers association is urging all borrowers to contact their lenders regardless of whether they are behind on their payments or not, just to get a clear sense of what they actually may qualify for.

that could mean the difference between keeping and losing your home. liz: yeah. foreclosures. there were people who were flagging this saying be careful, we might see a situation that could be worse than what we saw back in 2008 with all the foreclosures. we certainly hope that's not the case but this is valuable information. ashley, thank you so much. okay. the ncaa bringing back the madness. this is good news. we needed some good news here. men's and women's college basketball getting cleared for tipoff on november 25th. whether fans will be allowed at the games, what that all might look like, still undetermined. but there is a plan reportedly in place following in the footsteps of the nba with an orlando-based bubble for early season tournaments. pac-12 commissioner larry scott told you on this show just last week that march madness was looking good. >> i'm hopeful that we will have this conversation that allows us

to get back to work and society and get back to college basketball and i'm confident it will happen in time for march madness. liz: now, the pac-12 right now is the only major conference in college football not yet set for a return to the field. president trump criticized the pac-12 delay as quote, ridiculous, ramping up pressure on the west coast athletic conference but larry scott told us last week that game play this year was not out of the question. i said to him what about december. he said it's not out of the question. in fact, they purchased testing machines so that almost makes us start to think there may be an announceme announcement. officials set to meet tomorrow on that issue. we will keep you posted. go, cal bears! i know. they are like the browns. stop. i can't hear from all of you. closing bell, we've got it ringing in about eight minutes. from college to the pros, up next, the money manager advising

some of the top names on the court. and the stock he's picking to help them make bank hit. there's a covid play. that's straight ahead on "the claman countdown." nasdaq down 149. . .

♪. liz. folks we got less than five minutes left to trade. i need to you look at gold for the moment. gold pulling back. it doesn't appear there is that much of a fear trade or it is simply doing what is has done the last four months. that is move in lockstep with stocks. speaking of which stocks are in the red but well off their lows of the session. we do need to flag you on apple at the moment, just 24 hours after, after apple unveiled all of these exciting details about the new watch and the new ipad, apple is near bear market

territory. it is down 17.8% since its recent september 1st all-time high. the definition of getting into a bear market. down 20% from recent all-time highs. apple stands at $110.16. let me get to biontech. buying up a site in germany from novartis. biontech is one of our "countdown" closers's picks. he also advises some of the top names in pro sports, including golden state warriors klay thompson, hassan whiteside of the portland trailblazers and aaron gordon of the orlando magic. tell mee what do you like here, joe. what are you advising to put them into the portfolios first as a covid play?

>> the consistencies i see on the show today in terms of you're talking to a booking.com ceo trying to pivot on things completely out of his control. talking to a consumer who almost had a barge run into his house, as a consumer. what we're talking about a lot right now there is so many things that are completely out of your control. however there are plenty of things that you can control. so, specific to covid we're advising don't get steamrolled by china making tie type of momentum trade there is a lot of fear missing out. we saw the snowflake ipo go out with everyone rushing in without looking internal the company is or what type of balance. it may well be a great company. for us when we think about covid now, we're thinking long-term play and short term as an example. johnson & johnson. we love, those types of cyclicals, those companies that are going to pay a dividend but also may participate in the

vaccine. another one would be pfizer. but it is important and critical to get back to controlling the things you can control which for us we're always talking about spending. most investors out theretry are trying to build a necessary egg for retirement or live a life-style during retirement. tough control your spending. it has a direct coral laying. liz: you like techs and advanced micro devices and microsoft. i have to ask you somebody who advises young athletes, young anybody with a lot of money what is the number one thing you tell your clients they must do with their money when it comes to investing, joe? >> so first and foremost you have to know what it cost to be you. even with the an abundance of wealth, typically most people with a lot of wealth have less discipline as what they do wit. so the risk that made you successful to be wealthier is not the same risks you want to play as an investor. so if you made the money, let's

keep the money. know what it cost to be you. [closing bell rings] can you make it cost less to be you invest in singles and doubles if you already hit the home run. liz: got it. joe mclean, intersect capital. love to have you on. frein on the screen, we don't have it. a lot of red. that will do it for "the claman countdown." connell: the number of jobless claims sparking concern about the economic recovery. we do end up down for the day. we'll go through it. i'm connell mcshane. melissa: and i'm melissa francis. this is "after the bell." major averages closing off the low of the day. the dow snapping a four-day winning streak as you can see there. the s&p and the nasdaq in the red for the second day. we have fox business team coverage. blake burman is live at the white house, gerri willis is following markets, edward lawrence is in d.c. gerri, we'll kick it off with you.