the futures will start trading, then options will start trading on the 19th. this is a way to offset any losses -- charles: okay. i love it. people want to play volatility. that's the way to go. james, thank you very much. the dow is up 68, nasdaq is the big winner. so far, with an hour to go. liz claman, over to you. liz: yeah. looks like there's some life here in the nasdaq, some pretty solid life. thank you very much, charles. the market pendulum -- go ahead. i thought he was going to say something. i hate this delay. the pendulum is swinging back to the bulls at this hour. just look on your screen. yeah, we do have some strength here. it's been a choppy session on wall street but green coming back to the screen late in the session, putting this morning's losses behind us in the rear view mirror, at least for now. got to see what happens in the next 59 minutes. maybe that is due to this. america's most powerful money

men arguing before congress that the country needs more stimulus money to battle the coronavirus. wait until you hear who and which industries fed chair jerome powell and treasury secretary steven mnuchin say need it the most. we will have a live report from d.c. we are 90 minutes away from tesla's ceo elon musk's big reveal. it comes at his shareholder and battery day event. we have a bull/bear debate ready on musk's latest brainchild and his argument for the death of the internal combustion engine. plus the one thing ceos never want to hear. nelson peltz is on the line, the famed activist investor formerly taking aim at comcast, he thinks the parent company of nbc, peacock and universal, is undervalued. we are bringing in former ceo of at & t broadband. the cable industry legend weighs in on that, whether sports on cable is dying and his latest

spac investment. he was early on the spac train. is it a national security threat or just business? the confusion now swirling like a tornado over tiktok. charlie's in the eye of the storm with the latest. less than an hour to the closing bell, let's start "the claman countdown." liz: we have a fox business alert. amazon's stock is spinning higher. amazon pedaling right into the stationary bike wars after it unveiled its exclusive exercise bike in collaboration with echelon. take a look. there it is. last i checked, that looks very similar with the red dial there to something called peloton. look, we've got amazon up 4.7% right now as it unveils this new x-prime smart connect bike. here's the price.

wow. $499. really inexpensive here. the news sending subscriber based exercise giant peloton lower, even as it unveiled a lower priced bike that is actually in the four figures. peloton interactive down 1.25%. the new age of the connected bike wreaking havoc on brick and mortar gyms. shares of the owner of new york's sports clubs nosediving after the nasdaq sent it the dreaded letter, informing the company that it will be de-listed. town sports international had filed for bankruptcy as covid-19 restrictions forced it to shutter all its gyms. we have the stock now at just 24 pennies, down 20% or 6 cents. later on, we will take you live to a gym chain's efforts to stay alive and kicking. from working out to gaming, gamestop surging at this hour after the video game retailer's biggest individual investor ryan cohen raised his stake from 9.6%

to nearly 10% as he seeks to be more involved in the company's operations. read activist investor. this time, it is not hurting gamestop. it's up 22% right now to $10.69. all right. getting off the couch gaming, let's hit the road. carvana shares flying after the used carion li online seller pr an upbeat and a change from buy to neutral. huge demand for used cars, it's booming. carvana is booming, up 33%. we have vroom better by 15%. need to take you to capitol hill and the debate over additional coronavirus stimulus. federal reserve chair jerome powell and treasury secretary steven mnuchin testifying before the house financial services just hours ago. now, mr. powell reiterated the need for more fiscal stimulus. he says the 11 million americans who are unemployed do not have

the money to spend and find it difficult to remain in their homes. but yesterday, st. louis fed president, james bullard, disagreed with the big boss powell in a broadcast interview saying quote, it seems like at least in some broad macro economic type of calculation, we have enough resources to cover this. later saying the need for a new fiscal stimulus package is not the same as it was just one or two months ago. let's get to edward lawrence. you were clinging to every single bit of what was happening on capitol hill, which ended just at 12:30 p.m. eastern. we have contrasting viewpoints here but let's also talk about the fireworks that came and where these guys stand on who needs the bailout first. reporter: very interesting debate and the markets were watching closely, what both of them had to say. treasury secretary steven mnuchin specifically saying hotels, airlines and restaurants is where he would like that next round of targeted stimulus. for the federal reserve

chairman, democrats wanted him to defend why the 13 facilities that were created and how that's helping, some of them like the municipal liquidity facility has only issued two loans. the fed chairman says what it did do was open up the private markets for city and states, to the tune of $250 billion in lending so far. the treasury secretary, steven mnuchin, democrats questioned him on whether everyone is really feeling this economic boom. listen. >> -- heard today also was a pretty rosy picture of the economy and i don't want to put words in people's mouths but secretary, i believe you said the economy, the economic recovery was strong. i think that tens of millions of americans would disagree with that and in fact, would say that the stock market is not the only economy. >> i would just first comment on i did say there's a strong recovery because when you close the economy and you reopen it,

it is strong but there is still more work to do. reporter: mnuchin says that the economy recovered about half the jobs that it lost in months, not years, like it was after the great recession. mnuchin says there's a long way to go. the administration is keen on making sure everyone who lost a job gets a job back. one more thing. charles evans, chicago fed president, says he thinks a $500 billion to $1 trillion needs to be pumped into the economy from congress in fiscal stimulus. he's the only fed president to put a number to that. chairman powell would not do that today when directly asked. liz: well, again, when we're looking at how many people are still receiving some type of unemployment help from the u.s. government, it's at about 29 million. so there's that. very tough. 50,000 new cases yesterday of coronavirus. edward, thank you for keeping us

posted. check the dow, nasdaq and s&p right now. we are in the green with a triple digit gain for the nasdaq, up 146 points now. but the markets are remaining plagued by stimulus uncertainty. that leads to the question, have you already seen the highs for the year for the markets? well, thornberg investment manager ben kirby says yes. he also says it's time for investors to quote, head for the multi-asset hills. what does that mean? he says that means high yield, dividend-paying stocks. let's look at thornberg investment income builders fund. there's a focus on global telecom companies that have low valuations, high yield, and have underperformed this year. there's more room to move at the top, according to that theory. take a look at china mobile. orange and deutsche telecom. kirby added that home depot is another great name that's a stay-at-home play. to our floor show traders. tim anderson and phil flynn.

tim, give it a play. is it rearing its head more strongly these days and what do you make of the fact he's going with three big telecom names? >> well, i think there's no doubt on september 2nd when the nasdaq composite and s&p 500 made their latest all-time highs, that there were some valuations that were really stretched to the upside. if investors are going to shift money into a little bit more of a defensive posture, it certainly makes sense they are going to maybe have a slightly higher weighting in some value names, maybe value names within the technology space if they are dedicated technology funds. and there are a number of tech companies that do pay attractive dividends. i think it would be healthy to see investors be not quite so enthusiastic about some of these high-flying tech names that don't have earnings or maybe even sales yet.

liz: phil, talking about opportunity. you don't want a dud of a stock just because it gives you a great dividend. that's not going anywhere. then there is the dividendaristocrats, who have continually through thick and thin, hiked their dividend. tell me what you are looking at as an opportunity when we once again have green on the screen and i'm not sure thornberg is correct in saying we have seen the highs for the year. >> i don't think they are correct but doesn't matter. there are people that are going to be defensive right now in looking for these high yield stocks and you know, after i saw that jobs report, it got me thinking, there's got to be value in real estate, right? you look at the bigger picture, you mentioned some of those that have paid dividends 25 years in a row. take a look at this one, realty income. this is a brand new, newly minted dividend aristocrat and they pay the dividend

[ inaudible ]. their stock took a hit because of the coronavirus situation but it's starting to come back and its yield is incredible. i think the yield was somewhere around over 4.5%. you have that stock that it looks really good. another one is kilroy, which is another real estate stock. these are stocks that got beat up big, they pay a huge yield on their dividend and with the jobs number today, the strongest since 2006, i think the hard part of the real estate sector will start coming up as well. that's a place to look for dividend and yield right now. liz: wow. i like that. get paid 4.6%. why not. just while you're sitting there. tim, phil, great to see you. we have a dow jones industrials up triple digits now as well, up 102 points. thanks, guys, for juicing the markets here just a little bit. coming up, the tesla bull faces off against the tesla bear, who says tesla is going to be 19 bucks by next year per share. i don't know.

that would be a big fall. in the meantime, with the closing bell ringing in 49 minutes, nbc universal parent comcast making its way on to nelson peltz's binge watching list. up next, leo hindery is here. his reaction to the activist plot twist to the cable giant. when activists enter stocks, sometimes they really spike. let's see if he really stands a chance on that. "the claman countdown" will be right back. 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. (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums

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liz: well, the las vegas raiders taking very nicely to their new digs, beating the new orleans saints 34-24 in las vegas, week two of monday night football. so i have a question for you guys. did you watch it on tv or on streaming? the iconic broadcast available on espn plus. comcast's peacock offering live sports such as premier league soccer. perhaps that's why activist investor nelson peltz says the stock is undervalued and there's much more upside opportunity. let's take a look at comcast stock. it is popping, up 3.5% on news that nelson peltz has bought up

an $870 million stake in the stock. peltz calling the stock undervalued, saying that quote, constructive discussions have already begun with comcast management. come on. who are we kidding? ceos do not like it when these guys pick up the phone and say it's time to have a conversation with us. but our next guest knows all about media machinations. leo hindery, headed up tci, former founding chairman of the yankees yes network and so much more. you know this business. nelson peltz is a brilliant guy. he's had some wins with procter & gamble and a lot of other big names but comcast? nbc universal? this is a very strong company and brian roberts and the family, founder family, own a big chunk of the shares. can he really have any effect and does he need to have any effect? >> i think you are quite, the point you make is right.

i don't understand the transaction. brian and his family are in control of the company. i think within the context of the entire cable industry, brian is the star. he's a superior manager. there's some head winds in the industry that you have talked about on your show several times, the transition from the bundle to streaming, the evolution towards from 4g to 5g which is coming for everyone, inevitably, and the cord cutting, cord shaving. so it's not an easy platform to run against but i don't understand what nelson is trying to accomplish. $900 million is a lot of money to invest in a stock that you can't have much influence on. liz: yeah. i think it's just a .4% stake. but putting that aside, you look at what nbc has been able to do with streaming sports. i'm interested from your perspective where you see sports going as it pertains to cable. cable tv and sports are suddenly

looking a little bit shaky because on our screen, amazon, cbs, hulu, sling, youtube, twitter in the past has streamed some sports. is the experience good enough now that it can tear people away from sitting in front of a television? >> you know, we grew up in sports in an industry where, you know, you ate what i served and you paid what i charged. and sports just grew ever more expensive, liz, and they are the reason the cords have been shaved and cut. it just got too expensive to pay for the sports pieces of the bundle. so all these women and men that are shaving their cords and cutting their cords and moving over to the streaming world, many of them are running from the exorbitant cost of sports on television. you are going to see a cratering here at some point, i think. you cannot pay these women and men who play these sports the kind of money they're getting, the owners receiving, and expect

the consumers to put up with it forever and ever. liz: nfl week one ratings were down 8%. is that a function of the fact that these games aren't as exciting? don't tell me that the thursday night game between the browns and bengals wasn't exciting. and you know, you look at patrick mahomes, he's a big draw. tell me, do you think that's a function of the fact people just aren't interested or that some of the eyeballs aren't being counted through these streaming channels? >> i think there's a lot of truth to the latter. i think the other thing that we have to acknowledge is that not everybody likes sports universally. when espn became part of the bundle way back in 1978, it was the only one, it fit comfortably in the bundle, it made our industry as successful as it was along with cnn. but it's too much sports and the economic model is too broken to believe that you can continue to

pay these kind of rates for the sports product when not 100% of the audience is interested in the outcome. liz: got it. tell me about how your spac is doing. i want our viewers to know spac has become so hip to discuss, special acquisition companies, but you were there early, a year ago, you formed trine and it's publicly traded. you did make your first investment. how is that going? >> it's going very well. the criteria that we had when we put trine together was the same you and i used to talk about when i ran tci and liberty and at & t broadband. you want an environment where the growth at the top is as meteoric as you can find it. you want great women and men running the asset. and you want some barriers to entry. you want to find out your technology is proprietary, your hold on the customers is proprietary and desktop metal,

the company we de-spacced with and pending actions later this fall is an exceptional company in all three regards. it's the key, it's the leader in the category called additive manufacturing. it's leaps and bounds ahead of the legacy technologies and one of the finest management teams i have ever seen. liz: we look forward to following that. one last question. when you talk about fine management, you ran the yes network which was, of course, the television home of the yankees for so many years. you got to tell me, knowing baseball, stevie cohen and the mets, do you think in this final lap of the race to buy the mets that he will be approved by the owners? you understand the thinking here. i'm very focused on this and would sny, the mets sports network, be part of this deal eventually? >> you know, i don't understand why sny isn't part of the deal today.

i think steve cohen is the best thing that could have happened to the mets. i say that not in disparagement of the wilpon family. but the teams need to perform at comparable levels and frankly, the mets have not been at that level for a number of years. steve cohen is a born and bred mets fan. he's got all the resources in the world and major league baseball would be foolish not to accept his ownership of the team. liz: well, how about that. i know that there's a period of time after he's approved, if he is indeed approved, he will be able to bid for a lot less for sny than he would have originally. leo, it's lovely to have you. you look like you're ready to go to sun valley, to the conference. [ speaking simultaneously ] >> always nice to see you. liz: i don't know. i will let you know when i get my invitation which is never. good to see you.

thanks so much. the closing bell ringing in 37 minutes and we do have a pretty decent bull run here. dow is up 110. party city investors throwing the confetti at this hour. the retailer is hiring 20,000 temporary employees to help man 25 new halloween city popup stores. party city expecting to retain 10% of those workers even after all hallow's eve. the stock is up 7.5%. but gyms are still getting tricked by covid. up next, we are taking you to the front lines of this fight for survival. as exercisers trade the in-person experience for at-home and outdoor sweat sessions. "the claman countdown" is the place to be. the lexus es.

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liz: even as gyms are allowed to open slowly but surely, the bankruptcies of the companies that own them are on the rise. in fact, gyms have lost so many of their memberships since the pandemic began because people weren't able to go, why should they pay. well, the parent of new york sports club has filed for bankruptcy. town sports. we told you that. we sent kristina partsinevelos to new york sports club in manhattan. what are they doing, what are they saying? is this it? can you clarify? reporter: okay. so they actually have some locations that are closed at the moment. i know this specifically because i am a member and the one near my house is closed. we came to another gym just to talk about how the industry as a whole is under pressure. not only you have locations that are open but you have capacity restrictions, you have extra cleaning crews so that means higher costs, and you have the fact that people are just reluctant to go to the gym. that's why traffic is pretty slow, adding to the woes a lot of these gyms at the moment. research shows that it could

potentially get worse. the latest now is l.a. fitness. they just hired some financial advisers to restructure their debt. they are sitting on a whopping $1.7 billion worth of debt but they say they are not filing for bankruptcy. speaking of bankruptcy, we got a slew, just four in the industry right now. you have the fact that 24 hour fitness filed for bankruptcy, town sports, gold's gym, and flywheel sports. flywheel says they are closing all their locations, laying off 1200 employees. since we are talking about layoffs, the expectation is the industry will continue to get hit hard. this research is coming from just the international fitness observatory, saying that 700,000 jobs are set to disappear just within the next year or so within the industry. they surveyed 7400 fitness centers around the united states and found that $10 billion was already lost. they also found that roughly 40%

of those fitness centers said they are not even sure if they will be able to survive the next three months when it comes to cash flow which is why gyms are getting a little more creative. we are in new york city right now but normally when you go to a park, you see a lot of yoga centers put on classes, you see even spin being outdoors, even people forgetting the gym all together, dusting off their old running shoes to go running. this of course hurts brick and mortar locations which is why digital is doing so well. and the likes of the mirror and peloton, we have seen peloton's stock continue to climb. we have seen sales skyrocket. we have even seen the membership subscription rate climb every single quarter, even apple is getting into the game. they are set to launch their own fitness plus app which you can get online. so overall, you got an industry like many others that are hurting hard and there is still a major concern. that is safety. that's causing a lot of members to be reluctant to work out and that's causing a lot of gyms to

not even open up yet. the industry hit hard but i'm working out. back to you. are you? liz: it's a heartbreaker. oh, yeah, because i'm lucky enough to have a peloton but it's a heartbreaker about flywheel. i was a devotee for years, and that is just devastating. i loved those teachers and it was so much fun. they closed, though, and by the way, you've got to get in the pricing game. if youamortize it, having a subscription to peloton is way more practical than paying for classes which are 20, 30 bucks apiece. glad you are finding a way to work out. kristina partsinevelos. we got the closing bell ringing in about 28 minutes. green on the screen at the moment. nikola finding its way back to the street's good graces after yesterday's plunging selloff that was fueled by the somewhat shocking abrupt exit of founder and chairman trevor milton. the ev company's cfo says the

company continues to enjoy the support of all of its automotive partners, even after its founder got left by the side of the road in his fight to short seller hindenburg's claims. the stock at $28.29. up next, the ev battle royale with the analyst who says forget nikola. it's tesla everyone should be slamming the door on and that the elon empire shareholder and car owner who says you know what, you are dead wrong, when "the claman countdown" comes right back. just two hours ahead of battery day. one day

we'll look back and remember the moment that things, for one strange time in our lives, got very quiet. some lost work and invented new ways to get by. others were busier than ever, and found strength

they never knew they had. we sheltered with the people who matter most, sometimes finding how far apart we'd drifted. we worried over loved ones, over money, over our planet. and over take-out. and we found a voice one the noise out there had kept quiet. when the world starts spinning again, let's remember this time where none of us felt secure, and fight for a future where everyone can. because when the world seems like it's standing still... that's the perfect time for us to change it. liz: all right. take a look. just in the commercial break, stocks hit session highs. we are just about one hour away now from tesla's highly anticipated battery day presentation and as the broader markets move higher, shares of

tesla are actually losing power right now, down about 5.6% as investors were all geeked up and expecting that tesla would hit mass production of its new batteries next year. instead, ceo elon musk tweeted last night important note about tesla battery day unveiled tomorrow. this affects long-term production, especially semi, semi-truck, cybertruck and roadster, but what we announce will not reach serious high volume production until 2022. now, musk went on to say that tesla would rely more on current suppliers, panasonic, lg and catl. let's preview battery day with our long-time tesla buyer, ross gerber and noted wall street bear, gordon johnson. ross, you are in the flesh outside tesla headquarters in fremont, california. what are you seeing as you wait to get granted the open door to walk into battery day? >> well, i was granted the open door first of anybody, and i

have to shoot this for you guys because i really wanted to give you guys insight of how huge this is. liz: showoff. >> no, it's quite amazing what's going on here. this is a huge event. it is like unveiling the light bulb with edison right now. we are super-excited, the vibe here is so much energy. this is a very exciting day for history and solving climate change and i'm very excited to see the plans laid out. liz: yeah. it is exciting. but that was really fully superlative. wow, gordon. what are you expecting from battery day? >> we're not expecting much. listen, in 2012, elon musk did effectively his first battery day where he did the battery swap, where it was a big stage, big crowd, everybody clapped. he got $300 million from california taxpayers for that battery swap but that never happened. in 2015, he said in two years, tesla would have a battery that went 620 miles. 2017 was when they were supposed to have it.

that never happened. in 2017, they had a paint it black video that was 3:43 and showed somebody in the car with his hands off the wheel and the car navigating around the town. the reality is that video was over 530 miles and had 177 disengagements. we believe that was very misleading and caused a lot of people to trust full self-drive. five people have died as a result. listen, tesla's revenues peaked in the fourth quarter of '18. their margins peaked in the third quarter of '18. they haven't grown since despite the fact they have a new facility. we think it's a busted growth story and we think speaking in -- >> what do you mean, they haven't grown since? first of all, they have grown to a $40 billion revenue company and it's a $400 billion market cap, and everything you just said is that he was off by a little bit of time. liz: wait a minute. wait a minute.

ross, ross, you know that i am a tesla and elon devotee from way back, being among the first business journalists to ever put him on television. but you know, i looked at gordon's research. i checked a lot of it. i'm sorry, we are not at 620 mile battery in a single charge and yes, you could argue there were a lot of fancy promises, flowery comments that were made and we haven't quite seen that yet. >> you are absolutely right, elon is one of the greatest salesmen who ever lived on this earth and he pushes his idea first without really necessarily having the timeline 100% right. we know this. that's irrelevant if you are going to change the world. you have to think big and huge. that's what elon has done. he's changing the world. so we can focus on all the promises that maybe were missed by a year or two or we could focus on the actual results of tesla which they are going to

make close to 500,000ev cars, demand's off the charts across the world and the car is the best car in the world. i just drove 400 miles on auto pilot. it cost me $30 in energy to get from l.a. to san francisco. this is a game changer of a company. it's amazing. liz: gordon, the one thing i question about what your thesis surrounds is that $19 a share by next year. we're at more than $470, albeit well off the recent highs. but give me your reasoning for that. what is the case that would bring it down 95% to 19 bucks a share. >> to his point, the biggest competition right now for tesla is in europe. that's where the competition exists. their market share in europe in the fourth quarter was 35% and now it's less than 10%. you look at stocks like tilray that was once $200, it's now five. you look at stocks like nikola that weeks ago, was almost $90

and now it's sitting in the 20s. the reason why tesla's stock is going to collapse is because there's a misconception that they are the leader. they are not the leader. when you compare tesla to amazon, that's incorrect. compare it to aol or blackberry. amazon is a monopoly. >> gordon, would you bet your life on that? would you bet your life -- >> hold on. can i finish? can i finish? listen, tesla has 46 competitors coming next year and after that, in 2022, hundreds of evs are coming. i see these cars as profitable. tesla loses money making evs. these companies can give their cars away, vw, porsche. [ speaking simultaneously ] >> $40 billion in revenue, how is it worth $20 billion? it's got to be worth some multiple in revenue. your numbers are absurd. liz: okay. let me just -- >> i get it. but it's absurd. liz: okay. we are going to jump in here

because we are running up against the clock. i'm going to have you both back throughout certain periods of this. >> i think what he's doing is very disingenuous. liz: all right. >> it gets old. it gets old. liz: gordon, thank you very much. this is a bull/bear debate. great to have you both. we will have you back. i know you want to go at it again. of course, 5:30 p.m., tesla battery day. ross and gordon, thanks. charlie breaks it on tiktok. we are at session highs with the dow up 148 points. first rodeo and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped

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crackdown is growing by the minute. you thought his attack on tiktok and trying to force a sale of the chinese-owned social media company was tough, now google's in the crosshairs. charlie gasparino, what's going on here? charlie: yeah. liz, that could happen as early as the end of this week or possibly next week, where we are finally going to see that landmark suit by the justice department's antitrust division against google over possible antitrust concerns over search. now, here's the rub here. we know that the justice department is working with states' attorneys general. they may bring a joint case. they may bring it separately. we don't know that. we also know that while it's looking at search, we don't really know how deep they're looking at search. do they bring a case against google that is all encompassing on their search, essentially saying their search is anti-competitive and that would be a pretty big blow to google and if you own the stock, its

stock price. if they do something narrow where google is doing something that involves just merely advertising or you know, something that's more narrow, then you are going -- then i think the damage of this suit, at least from the doj's standpoint, is less onerous if you are a stockholder. clearly, this is why we are doing this story, because google is a very widely held stock. it's one of the fang stocks, it's one of the darlings of the market, it's had a great run, but this is something that could obviously impact the stock and just as of right now, i don't have great insight into how broad they are going to do it. you know, depends on who you talk to and what day of the week you think it's an all-encompassing case or a very narrow case. i will say this. just if you are thinking logically here and you could throw logic out the door a lot of times when it comes to the trump administration and some of these things, if they go after, if they do the broadest possible

case, you are going to hurt google's share price. that will hurt the stock market, obviously. if that hurts the stock market, that's not good for trump's re-election chances. so just put that in the back of your head here. let's just turn to tiktok for a minute because this is the story that never dies. remember that song that never ends, i don't know, you have kids, you probably sang that song to them. it's the never-ending song. liz: yes. that was a lam chop, shari lewis, this is the song that never ends. sorry. charlie: right now, what we understand is china hawks have gotten to donald trump who gave his tentative blessing or nominal blessing on saturday. they got to him after that and clearly, there's a recalibration in the white house what's going on here and we do know that

oracle and the major investors in tiktok, general atlantic and sequoia, are trying to rework this deal so they thread the needle. they take care of trump's concerns about too much chinese ownership and also, china is involved. they may not approve the deal. they have essentially said as much. if you notice, oracle's stock is off today. one of the reasons is on questions of this deal. i would say stick with -- you know, i can't tell you what's going to happen here. i don't know. i don't think anybody really knows. but i will tell you this. if your standard is no chinese involvement, they can't be involved here, you can't -- this deal cannot -- you can't structure a deal other than an outright sale of the algorithm to oracle which apparently is not on the table, at least not yet. that may be on the table but they will have to come up with like $30 billion, $20 billion to $30 billion for that. that's what we are dealing with here. it's impossible to cut the chinese out unless you buy it from them.

by the way, i don't think they can sell it. based on the latest export rules from coming out of china. just stay tuned. the song isn't over, right. the song never ends. hasn't ended, i should say. liz: this is the deal that never ends. charlie, thank you very much. we are coming right back.

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analyst community about the earnings. they believe there will be a covid impact but the loyalty of nike customers cannot go unnoticed. and the biggest challenge they have replenishing retailers store shelves with sold out products. they had promotions and releases of a lot of new products. cowan believes online sales will be a strong point to the quarter. duh. susquehanna analyst believes sales cut to retailers and zappos and dillard's, bell stores could be contentious part of the quarter. meaning taking more control of the direct to consumer sales line. meaning folks are going straight to nike and the site. i leave you with this, liz, look out for the digital -- when it crosses that will be the pop in the stock when they report after the bell. liz: always digital these days. i mean we have seen how lululemon did with its digital sales. that is a great point. we'll be watching for it.

battery day, 5:30 p.m. eastern. thanks, cheryl. if you're one of many investors, we're looking a lot stronger than the past couple days. you feel a little lost at sea as an investor. not sure which way to point your bow, we get it but our "countdown" closer says stay in. ready to get your portfolio to solid ground. you will find us an island, cite? what names could get me to a nice calm island? >> i think it is important, liz to realize when you're lost at sea like the economy is, like the political situation is, like the health situation is, you would pay up for an island. so our idea here is don't pay too much attention to these cheap-looking stocks. stay the course and buy those companies that can protect their margins even in a difficult period. in other words, there is less here than meets the eye. stick with facebooks, the

paypals, abbvies of the world that continue to hit good numbers in the face of the pandemic. i'm chief equity strategist of a port foal that owns all of those stocks. liz: you have 7 billion in assets you're controlling. be a abbvie is interesting. i like the pe here at seven. makes it affordable. 5.4% dividend. are you worried telling people, you should take profits and park it in some of these types stocks? what keeps you up at night? >> obviously with keeps me up at night is covid news. that is the number one thing. one thing that doesn't keep me up at night is the election. you can't predict it, and you can't predict what the market will do if you know what happens. we like to stick with the investment plan, go with those companies again that can protect margins. liz: chris is doing something

right. he has 7 billion he is moving and growing. markets on a tear here in the final hour. [closing bell rings] nasdaq with the biggest rebound from 24 hours ago with a gain of 185. time for "after the bell." i will see you tomorrow on "the claman countdown". melissa: looking at a bounceback, stocks rising on the strength of big tech closing near the highs of the day following yesterday's massive selloff. looks better to me. i'm melissa francis. connell. connell: looks a lot better. i'm connell mcshane welcome to "after the bell." the dow snapping a three-day losing streak today, it is now the end of what had been a four-day down streak both for the s&p and for the nasdaq as the fed pledges to keep on supporting the economic recovery. so bounceback indeed. we'll talk about it with fox business team coverage. edward lawrence reporting from washington. gerri willis is watching the market action. blake burman from the white house as