news. i bought the truck, i put a deposit, so i'm ready. i own it and i'm buying more. charles: hey, you put your money where your mouth is, both with the product and with the stock. that's a first rule of investing. todd, thank you very much. as the dow struggles in the overall market, liz claman, struggles to hold on to gains, it was looking pretty good when my show started but a couple headlines tripped it up. liz: okay. i'm glad you took responsibility for that. you can't, really. it's nobody's fault. we have seen a 550 point swing for the dow. folks, we are back from the brink but will we stay there? the s&p which yesterday was teetering on the edge of correction, further from it earlier today as markets bounced back after yesterday's selloff. make no mistake, we have already endured a pretty volatile last couple of hours. suddenly we are heading a little bit into a southerly direction. s&p is still up six although it

was up 41. the dow is up 43. it had been up 331, if that tells you anything. we have this developing news. president trump about to possibly address the media ahead of his trip to north carolina where he's expected to lay out his vision for health care if he is elected to a second term. we are going to take you live to the white house as soon as we get the tape if he does stop to speak to the press. it all comes as a new wrinkle develops in oryacleorac deal to take over the popular chinese-owned video app tiktok. breaking news in just the last hour. a federal judge has just inserted himself into this battle. the deadline to ban tiktok, this is the extended one, supposed to be sunday night. but now all bets are off. republican senator roger wicker of mississippi, he did not like this plan to have oryacle take partnership structure with tiktok. he sent a letter to the president along with several of his republican colleagues saying

outright they oppose the deal as it currently looks. we will ask him what he thinks now in a fox business exclusive. and amazon in the last hour and a half, taking a quantum leap deeper into your home and your car, and above your home, believe it or not. amazon has just unveiled new gadgets from an autonomous home drone camera. new echo dot speakers and connected game controller for its streaming gaming service. the senior vice president of amazon on the big reveal. less than an hour to the closing bell, the dow up 28, let's start "the claman countdown." liz: all right. we are watching oracle. we have breaking news that a federal judge is getting involved in the tiktok situation in the last hour. we've got that in just a minute. but a big media deal has stocks on the move at this hour. ion media bought with the

backing of warren buffett's berkshire hathaway. nothing like warren buffett attached to something to give it a pop. scripps up 10.8% right now as this deal will expand its tv station footprint. ion's lineup includes popular crime shows and it owns many tv stations in major markets. berkshire hathaway down just about .75%. those are b shares. the news that california plans to ban the sale of gasoline powered passenger trucks and cars starting in 2035 is jolting renewable energy stocks right now. sun works up 238%, triple digit jump here as the state attempts to combat climate warming emissions which it feels has sparked all of these deadly fires. polar power up 89%. to the losers here, these are integrated oils, exxonmobil, chevron, soup to nuts, they

drill for the oil, refine it, sell it. we've got exxonmobil down .5%. bp down .33%. chevron down .25%. checking the electric vehicle makers. it's not really exactly fair to actually, you know, hold these to that news about california, but we are looking at tesla at the moment up 2%. that does help tesla. it gives it a reprieve after two days of losses stemming from its battery day, little bit of disappointment on timing of when all the great things that elon musk says will supposedly happen would be out a couple of years. nikola in the red, unrelated to the california news, after wedbush cut its rating to underperform and the price target down to 15 bucks from 45. it's at $19.18 right now, falling 9.33% after, yes, the man on your screen, he's the founder and was the executive chairman, trevor milton, he stepped down. we know about that.

but this is a company that's been in the sights of a lot of short sellers, particularly hindenburg, so nikola down about 9.25%. let us get to this breaking news on tiktok. a federal judge has just stepped into the middle of the trump/tiktok battle. federal judge ordering the trump administration to either postpone its sunday night ban deadline of the wildly popular chinese owned social media app or get to court this weekend to defend its threat to prohibit downloads unless it is sold to a u.s. technology company. tiktok has filed a preliminary injunction trying to block this ban and from its standpoint, keep teenagers dancing across the country but after last week's report that president trump would approve a deal where oracle and walmart would get just 20% of the company while bytedance would hold on to 80%, including the all-important algorithm, a group of republican senators including marco rubio, tom tillis, and our next guest,

yes, they sent president trump a letter saying partial sales structure as it stands now between oracle, walmart and tiktok, is unacceptable. joining us now in a fox business exclusive is republican senator from mississippi, roger wicker. first, senator, your reaction to the news that a federal judge has now jumped into the thick of this situation. >> well, my reaction to the news is that this is why i watch fox business, to find up-to-date information. this is something that's absolutely new to me. i did not know about the federal judge's decision until i heard it from your very own lips. liz: well, let me just clarify, then. we appreciate you coming on to give us this reaction, but in essence, a judge says that they have until tomorrow, the trump administration has until tomorrow afternoon to defend its decision and get into court which would mean over the weekend, about the ban. the ban is set to begin at 11:59 p.m. eastern time.

that's what the president had pushed it out to. it was supposed to be last week. let's get to the structure, because president trump has spoken about oracle and walmart taking a partnership. i really can't call it buying, because, we can put this structure up on the screen, 20% for those two companies, where bytedance which is the owner of tiktok, would still control about 80% of it, including the algorithm. you didn't like that structure. what's wrong with it? >> well, let me say it looks like lawyers are going to have a busy weekend and have a little time and a half, maybe. but yeah, here's the problem. i have confidence in the president on this. this communist chinese corporation is absolutely under the control -- under the thumb of the communist party of china and we don't need to give them any ability to get the data of american consumers, and that's the crux of our letter, and actually, i think the president is very receptive to what we

said. i think he's rethinking it and when the deal finally comes out and gets consummated, there will be a lot more firewalls and preventions of the chinese communist party getting the data of american citizens. liz: you just said you had confidence in president trump decision making on this issue. he has, i mean, it's out there, he signed two executive orders, one on august 6th, one on august 14th, being very clear that it had to be a sale to a u.s. tech company, and yet then he started to say when he heard even about the structure that you and your fellow senators have decried this partial sale or partnership with oracle and walmart, he said it looked like he was going to look at it and it could get done pretty quickly. then you sent the letter and yes, you say he is responding to this but why -- [ speaking simultaneously ] liz: -- even after his executive

orders he was thinking it was okay? >> well, the president listens to reason and honestly, you have some of the leading experts from the senate intelligence committee, i'm chairman of the commerce committee, which is very interested in this issue but when marco rubio, chairman of the intel committee, said there were problems with this, certainly donald trump listens to that and my feeling is that this is all being reworked and rethought out in the white house, and in the end, the product that we have, the solution that we have will protect americans. if it doesn't, we will speak out about it. liz: you talked about the committees that you sit on. you do sit on the senate committee for commerce, that's squarely in your bailiwick, this discussion. what evidence if any have you been presented with that indicates that tiktok is giving its data that it collects on americans here in the u.s. to

beijing? to the government of china? >> because it is a requirement of the chinese government that every technology company in china must turn over data to the chinese communist party. that is true for any corporation that is doing business in china and it's true for this one that deals with tiktok. without exception. liz: president -- the president is actually speaking right now. i want to give you this breaking news. sorry to throw all this news on you. he's making headlines. we don't have the tape yet but he said regarding tiktok, safety is the dominant issue here. that probably calms you, i'm sure, a bit as you are very concerned about that. but talk to me specifically about the algorithm. bytedance says it's going to keep that algorithm and now the chinese government has put in new i guess orders, because it was a couple fridays ago that it came out and said you know what,

n-o no, any development like that algorithm that tiktok has where it's customizing consumers' appreciation and behavior has to stay if it was developed in china on chinese grounds. would that be a deal breaker for you? >> we are going to listen to the top technological experts in the administration and in the u.s. government, and we are going to be guided by them. of course, i'm a generalist and i'm not anywhere near a scientist, but we know who to look to and let me just assure you, we will, unless we are assured by the experts that deal in this day in and day out, then we will continue to raise concerns. i really think the president is going to come down on the right side of this issue. liz: which would be to ban it if it isn't outright sold to larry ellison and oracle?

>> that would give me a lot of comfort, or a deal like that. yes. liz: if you know any young folks, they might be a little upset with you. i know my daughter is not going to be happy. she's like mom, stop talking about it. i want to keep tiktok. we appreciate you coming on, senator. thank you very much for rolling with the breaking news punches. it's a pleasure to have you on. >> thanks for that news flash. appreciate it. liz: hey, that's what "the claman countdown" is here for. especially in the final hour of trade. thank you so much. we do want to remind our viewers, the president is still speaking. this is always on tape, when he's walking toward marine one. we will have his full remarks as soon as we get them. "the claman countdown" 38 minutes away, 48 minutes away from hearing that bell. the dow is losing some steam. it's up 39. we still have that green and it's still at 26,801 but at the moment, we are well off the highs of the session.

new reminders that the economy is still on, yeah, you could call it thin ice. that's weighing on the street. up next our floor show traders have the stocks that they say can hang tough even without a new government cash infusion. "the claman countdown" coming right back. at. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ i'm a sustainability science researcher at amazon. climate change is the fight of our generation. the biggest obstacle right now is that we're running out of time.

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$600 a week. 600,000 people in my state lost their unemployment insurance, and you, essentially you and senator mcconnell and the president of the united states are simply saying to those 600,000 sorry, you're on your own. >> i think that's just a gross misstatement and exaggeration, and again, if the democrats are willing to sit down, i'm willing to sit down any time for bipartisan legislation in the senate. let's pass something quickly. liz: the brickbats about that inability to agree on government stimulus flying on capitol hill. federal reserve members including boston fed's eric rosengren frantically pleading for some kind of fiscal jump-start. joining the chorus,

they quarter gdp forecast for america by half, based on the no stimulus scenario, saying this will lead to a pull-back in household spending. if that is the case, we thought let's bring in our floor show traders. what are the no stimulus stock plays that you should be considering if congress can't get their act together? phil flynn? >> i'm telling you, i'm going to sit home and drink. i don't know about everybody else. i'm telling you, we are getting into the fall season, you know, you're not going to have a lot of money to spend. the only fun you are going to have is sitting at home watching tv. go out and buy some beer. i like boston beer which has been a great stock. looks like it's bottomed out, looks like it's coming up. sam, you got to love sam, it's a symbol and -- but also, too, if you want bigger picture stuff, things that are not going to be impacted as much are things like insurance and pharma. they will continue to do very very well during this slowdown

period. the people that aren't going to be getting the checks obviously [ inaudible ] but you still need drugs if you can afford it. i like those very strongly. united health is a good one on the pharma side. of course, pfizer, which you can't go wrong with. i think it's a win/win in a lot of ways. liz: i only drink mojitos. that's all i can stomach for some reason. you got monsanto. all right, thomas, what are your no deal, no stim deal stocks? >> they are still going to have to buy electricity so we like con-edison. they increased their dividend every single year for the last 46 years. it currently yields 4.17% and it's down 21% from its recent highs. for drugs, we agree with phil, you have to pick up those

prescriptions at walgreens boots alliance. they have increased their dividend every year for 44 years. it yields 5.33%. for your medical supplies and medical devices, bechten dickinson yields 1.4% then campbells soup, they have soups and meals, so there's a lot of opportunity. the second part of that note, although we will have negative 3.5% gdp in 2020, they are still saying we will spring back to close to 6% gdp in 2021. so the future is certainly bright and the reopening trade of all things has been working in september with industrials, financials, transports and materials all outperforming tech in the first 24 days of the month. things are pointing to a brighter future.

liz: they are turning south right now. the dow turned negative very quickly, down 42 points. phil and tom, thank you. folks, what's going on here? why such a volatile day? why the 550 point swing and now we are down? well, we will get into that in just a minute. meantime, apple facing a double barrel attack with 40 minutes left before the closing bell rings. here it is. spotify match group and tencent's epic games joining forces with tile and basecamp. they have created a coalition for app fairness to fight for legal changes to curtail apple's app store's 30% tax. apple holding strong despite the growing movement against its app kingdom. spotify is down but match better by about half a percent. apple cities apple's still up .75%. in the last hour, amazon just fired multiple new shots in the stay, work and study at home

wars. aimed not just at apple's core but its arcade gaming hub as well. amazon about to show you the new innovations they just rolled out. see if you like them. wait until you see what it's doing for the stock. we'll be right back. 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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liz: all right. we have seen jpmorgan moving all over the place. high of the session was $94.30. right now, it's moving lower, it's now at $92.66. let's get to the story here. this is a pretty serious one. after spending much of the morning in the red, the banking giant is reportedly in talks to pay $1 billion in fines to settle spoofing charges related to past trading of metals futures and treasury securities. the doj and futures trading commission and securities and exchange commission all involved in this investigation that led to the arrests of four jpmorgan employees on both spoofing and

here's the big one, racketeering charges. spoofing is basically the rigging of prices. this is when traders send deceptive orders to exchanges at a high price or low price, immediately cancel them but what they do is create a false sense of interest in a security that in turn, can fool other market participants who see this trade into making similar trades at the price desired by the spoofer. sources tell the "wall street journal" the settlement being proposed would not put any restrictions on jpmorgan's operations. so the stock moving slightly lower right now. all right. to this breaking news. president trump, there he is, boarding air force one. he's heading to north carolina to apparently lay out his health care vision. we are told he will not be getting into specifics about a health care plan but moments ago, he spoke to the media at the white house and he addressed a whole bunch of issues including the tiktok issue. >> we're going to charlotte, the

charlotte area. we'll be talking about health care. we have a lot of good things happening with respect to health care and very positive on pre-existing conditions, very positive on the fact that we got rid of the individual mandate which is the single most unpopular thing having to do with obamacare, the obamacare disaster, but we have a lot of incredible things, positive things and very good things and money saving things on health care that we're going to florida, we have a big rally and it will be something, i hear there's a tremendous number of people so we're not totally surprised by that but that's okay. tremendous number of people. jennifer, go ahead. reporter: [ inaudible ]. >> they're working to see if they can make a deal. if they make a deal, they'll have to bring it to me and i will either approve it or not.

to me, safety is the predominant factor and we'll see. they're moving along and we'll see what happens. if they make a deal, that's fine. reporter: mr. president, are the election results only legitimate if you win? >> so we have to be very careful with the ballots. the ballots, that's a whole big scam. you know they found i understand eight ballots in a wastepaper basket in some location. they found, it was reported in one of the newspapers that they found a lot of ballots in a river. they throw them out if they have the ballots had -- reporter: no names on them. >> they still found them in a river whether they had a name on it or not. the other ones had the trump name on it and they were thrown into a wastepaper basket. we want to make sure the election is honest and i'm not sure that it can be. i don't know that it can be with this whole situation unsolicited ballots, they're unsolicited, millions being sent to everybody

and we'll see. but if you remember, hillary clinton just a week ago or so told joe biden do not accept the results of the election under any circumstances but you don't ask her that question. you only ask me the question. reporter: you didn't answer my question. you didn't answer my questions. are the results only legitimate if you win? >> say it? reporter: do you plan to meet with [ inaudible ]? >> i don't want to make a comment on that. we are going to make our decision on saturday. but i won't comment on that. i will say this. i think saturday afternoon 5:00, it's going to be a very important day in the history of our country. i think it's going to be a very monumental, very good choice. reporter: what do you say to the family of breona taylor? >> i'm getting very close to a final choice. reporter: [ inaudible ].

>> we have numerous companies, johnson & johnson, pfizer, moderna, others, too. they're great companies, best in the world. i think you put the people of new york at great risk. you look at the hounursing home 11,000 people have died. it's sad, very sad. we have to see. these are great companies. these are being done by really probably some of the greatest companies in the world with pfizer, johnson & johnson, et cetera. i think that they are getting very close. they are in final testing right now. phase three but final. they have given shots to thousands and thousands of people. so far, it looks very good. it looks like it could happen fairly quickly. reporter: what do you say to the family of breonna taylor, sir?

>> it's a sad thing and i give my regards to the family of breonna. i also think it's so sad what's happening with everything about that case, including law enforcement. so many people suffering, so many people needlessly suffering, but with respect to breonna, we give our regards to the family. reporter: what do you think the protesters are fighting for? what do you think the protesters are fighting for? reporter: [ inaudible ]. >> well, it was an honor to be nominated for two nobel prizes. that was an honor. we'll see what's happening. i know china now and india are having difficulty and very substantial difficulty. hopefully they will be able to work that out, if we can help we would love to help.

reporter: how do you feel about some of the [ inaudible ] going on outside of the supreme court? >> i think that was just a political chant. we could hardly hear it from where we were. somebody said there was some chanting. but they were right next to the media but we really could hardly hear too much. we heard a sound but it wasn't very strong. reporter: sir, what do you think the protesters are fighting for? what do you think the peaceful protesters are fighting for? >> well, i think the peaceful protesters number one, it's fine to do that in a peaceful manner. but it gets less than peaceful as you see all over, then it's unacceptable and that's where law and order is necessary and that's where law enforcement is very important. reporter: what are they fighting for? you didn't answer my question. sir, you didn't answer my question. what are they fighting for?

reporter: [ inaudible ]. >> we're speaking with a lot of people about that. i'm doing very well in maine. you've seen the numbers. what i've done for maine is what nobody's done. i've freed up 5,000 square miles of ocean that was taken away by president obama and for the lobster, the people to go out and get us those great lobsters that we all like so much, i freed that whole business up and the fishermen, too. we freed it up. i think i've done more for maine than just about anybody certainly in many many years. i'm doing very well in maine. i don't know, i haven't seen polls on susan but i hope she does well. thank you. reporter: dr. redfield said 90% of americans were susceptible. do you believe that number? liz: breaking news. the president addressing a host of issues. one of the issues he just talked about was tiktok. he said that safety is paramount and the most important part of this. we shall see what happens there.

the deadline at the moment remains sunday night at 11:59 p.m. he also in response to the question is the election result only legitimate if you win, his response was simply we have to be careful with ballots. the markets are still down in the red. we have the dow down 19 at the moment and let me just quickly check the s&p 500. the s&p because if it's down any more than 16, that is correction territory. the s&p is down 2. while the president deals with tiktok and the rest, the technology world zeroing in on amazon. did amazon just leapfrog over apple and google in the battle to own the time and space you spend in your home? amazon falling with the broader market. it had been up earlier but during an exclusive virtual event just over an hour ago, amazon made this major sort of we are calling it potluck announcement where every device division from echo to ring to fire tv jumped in with major unveils from new echo speakers,

gaming service, updates to alexa and more. alexa which now apparently can correct mistakes she makes. and ring, expanding beyond your doorbell. the ring always home drone can now monitor your home and for you parents trying to work at home while your kids are in zoom school, virtual learning help. dave limp is amazon senior vice president of devices and services. he's the chef, i'm calling you the chef of this potluck unveil. i watched it, it was head-spinning to watch as each division chief put forth evolutions. first talk about the genesis. was it the pandemic we were all stuck at home that got you sort of unleashing your multiple teams to get new things that it can offer? >> yeah. i think we can all realize now that the home is a very different place than it was just six months ago for tragic reasons, but it's our school now, it's our workplace, it's our movie theaters and we started concentrating on building devices for the home about five years ago and those are really coming to fruition

now. we are seeing incredible usage from the devices from fire tv to echo, as you mentioned, and we are hoping we can help people's lives be a little nicer, little bit more entertained in these tough times. liz: you know, i want to get through some of these new developments. we will whip through them. one of the most exciting ones, although to me it wasn't the most important but you are talking about the home overall. start with outside the home. the ring drone. it's new hardware but also new capabilities for alexa. talk about the ring drone. >> yeah. a lot of customers want to have security inside their home and outside their home. the always on cam, the drone, is focused on inside your home. people either can't afford or don't want to put cameras in every room so they can see everything but they still want to know what anomalies happen at their home. always on cam is about that. it's basically always home cam,

about being able to detect an anomaly and fly to where that anomaly is and give you a view of that. it's built with privacy in mind so when it's done it goes back to its dock, it's recharging and the camera is covered up in that dock. we also added a line of ring products today as well for your car's security as well because we think that's another place where customers really are worried about security over time and it's a place that's been pretty much underserved by consumer electronics. liz: the drone is so cool. that way you don't have multiple cameras in areas although i think my cat would just swipe that down. you know, we look at some other things. the reading sidekick for kids which actually has alexa helping them read along, which i can imagine would be very very helpful for parents who are trying to be on conference calls, and your child is asking for help on something like that. the issue i thought was also very interesting where you had the care hub. this enables people to set up a

relationship with perhaps their elderly people in their family, where they don't live together but you can send all kinds of signals. what is the message here you are trying to say to everybody in their homes now? >> well, this environment has tau taught us new ways to interact with everybody. i have a parent that's remote. it's never been more important for me to be in communication with them so adding communications capabilities to alexa and fire tv so we can do those kinds of calls remotely but also, peace of mind. i can't visit my father as much as i would like to in this environment, so being able to know that he's active and that he's well through passive signals throughout the day and also know that with just saying alexa call or alexa help and call me as the emergency number gives me peace of mind. that's what alexa care is all about. liz: i like the comment from one of your executives, homes are

working harder for us and we are having to work harder in our homes. dave, please come back once again and by the way, you are in the right place because as you began to speak, the stock is moving higher. you might be selling it hard for our investor audience. thank you so much for joining us. dave limp, senior vp at amazon devices. closing bell ringing in 41 minutes. the dow also has moved higher, up 30 points. boy, we have had one heck of a volatile day. ex next, charlie breaks it n "the claman countdown" comes back. look here, it's your very own all-in-one

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liz: bridgewater hedge fund founder and billionaire ray

dalio may have burned bridges with his latest flphilanthropic convenient chur. le charlie: he runs one of the biggest hedge funds, bridgewater associates. his name is ray dalio. he's the target of a lawsuit. i'm going to get into that in a minute. i just want to make sure we keep viewers up to date on tiktok because it's a fast-moving story. it's the song that never ends, as i said. it's still not over. we should point out the deadline is looming on tiktok's ban by the white house, depending beli november 12th or next week. if they don't do a deal soon, he's promised to ban them and they are trying to do a deal with oracle but it's not passing muster with some people for national security concerns, since tiktok will still be run by -- owned by the chinese and will probably own a major piece of the new entity that it's being folded into.

so that possibility of a ban looming, tiktok filed for a temporary injunction to prevent the ban and the judge today handed them somewhat of a victory. it basically said before the ban goes into effect, the trump administration has to give them more information on why it needs to be banned. that will be interesting to see what type of information they give and whether the judge agrees with either tiktok or the white house. so this is a fast-moving story and yes, the deal is still in limbo and if it -- by the end of the day, it's no longer in limbo, i will come back on it and discuss. but i do want to turn to ray dalio, one of the most interesting, some would say controversial figures in the hedge fund business. bridgewater is huge, over $100 billion in assets, from what i can recall. he's controversial, he's put out books on corporate governance,

on something called principles which was sort of a self-help book. he's got some interesting management issues inside bridgewater. there's something known as radical transparency where there's open debate on just about everything. and then he is a philanthropist. last year, he entered into with the state of connecticut a partnership called a partnership for connecticut to essentially distribute $100 million of his own fortune coupled with $100 million from the state for education initiatives to provide education for low income students, better their education, provide them with computers. suffice to say, that project didn't end well. it ended very poorly. they barely spent i think something like $20 million of the $200 million promised were spent. liz: is that his fault? why is that his fault?

charlie: they fired their ceo, a woman by the name of mary ann schmi schmidtcari who is firing back at them saying she was improperly fired for those mishaps. she filed a defamation suit against dalio philanthropiephil. we did a full write-up on foxbusiness.com which we have the lawsuits. she's seeking $2.5 million in damages. very interesting things about dalio. if you believe her side of the story. we put a call in to him, he's not gotten back to us. but it's very interesting, some of the stuff they said. listen, this is -- this initiative was one -- was heralded by ned lamont, the connecticut governor, as one of the top education initiatives in the country ever. and it barely got off the ground. the details of this -- liz: you know what my, charlie, you know what my dad would say

about this? no good deed goes unpunished. i don't know the details but he makes this generous offer and look what happens. come on. charlie: he didn't do it. liz: hold on, hold on. roger wicker, the mississippi senator, was on and -- charlie: if you are going to promise $100 million, you know, send it. you know? i would read the lawsuit and read the story. it's an interesting read about how these things can go awry. liz: okay. roger wicker, the mississippi senator, who has signed a letter among other republican senators to president trump was on at the top of the hour regarding tiktok, charlie. it sounds like he's listening to one voice and that is the national security people. he says he wants a full sale and it doesn't work for him in the current structure with oracle. charlie: interesting, because marco rubio is saying the same thing right now.

powerful senator from florida. my producer caught up with his press secretary earlier today and he's still not signed off on it. we should point out marco rubio has actually spoken with oracle in recent days. we don't know the details of that conversation, but clearly, people in congress, in washington, care about national security, do not like this deal. why is it? it's not a sale. it's not what microsoft wanted to do. it's a jayvee, if you believe the chinese are spying on us this doesn't address it because they still control the algorithm. the thing is the algorithm. what do you get when you buy tiktok? you get some users, nice interface but it's the algorithm, right? liz: and president trump seemed to be okay with that current structure, then he stopped once he got that letter, senator wicker said the president was listening to them. we shall see. especially with this federal judge weighing in tomorrow.

everybody has to stay tuned to "the claman countdown" tomorrow. charlie, you will be all over it. thank you so much. charlie gasparino. ten minutes to go before the closing bell rings. yes, folks, i have been telling you it's a volatile day. now it just looks like the bulls and the bears are in the middle of that sort of center of the tug-of-war. we are up but barely, up 25 points for the dow. the s&p is up six. the nasdaq up 27. far off the highs but far off the lows. up next, housing keeping hearts warm and our "countdown" closer has the pick he needs will help build your dream portfolio. "the claman countdown" coming right back. 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. ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses,

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how did you come up withd opened all these backstories?tudio. i got help from a pro. my financial professional explained to me all the ways nationwide can help protect financial futures in peytonville. nationwide can help the greens get lifetime income because their son kyle is moving back home and could help set up a financial plan for mrs. garcia. and he explained how nationwide can help mr. paisley retire early and spend more time with his pal, peyton. and their new band. exactly! yeah. don't forget the band. i haven't. ♪ liz: breaking news. we want to take our cameras to charlotte right now. this is the venue where president trump will be speaking. we are told around 4:30 p.m. eastern. he will talk about health care. there has been a push to get the president to go into some detail here on what the plan would be toe replace obamacare if he were

elected once again. still waiting on that. perhaps he will. but the guidance that we're getting from alex azar health and human services director, secretary we will hear broad strokes. whether we get fine print. stay tuned. "after the bell" will have it. speaking the markets are climbing higher, up 69 points for the dow. darden restaurants satisfying investors with the latest quarterly report with a slight miss on revenue. the olive garden parent beat earnings estimates and reinstated dividend. that is no small feat for any restaurant chain big and small during the pandemic. forecast a rebound in sails during the third quarter. the stock is getting a 7.96% push. carmax into the close, inventory

shortages in the quarter. down 10%. online competition is shaking confidence despite beats on the top and bottom line for the used car giant. there is carvana, there is vroom. competition likes to knock the competition. cheryl casone has what the wall street is expecting. reporter: this is q4 for the warehouse club operator and their report due right after the bell. analysts expecting revenue to jump 9.6% year-over-year. earnings per share, the expectation about 2.86. i saw one estimate at 2.84. there is the revenue picture. 52.08 billion is the expectation on revenue. there has been talk of upward rao visions by the way, guys to these numbers in the last few weeks. look for things like produce. look for things like e-commerce. look for big-ticket items when

they get the report out. also the international markets which believe it are actually strong. the stock is up 18% year-to-date. nasdaq is up 19.8% year to it today. is trailing nasdaq a little. as i send this back to you, they had to spend a lot of money on wages, sanitizing stores, covid related costs. retailers, costco, big box names like costco they spent millions and millions of dollars in costs due to covid related issues. digital again will probably be a big number. back to you. liz: that is gorgeous one-year chart. you're gorgeous too, cheryl, but one-year chart. business network we get geeked up. we'll see what happens to costco after the bell. after a big beat on new home sales, 1.01 million sales in august compared to the estimate

of 895,000. our next guest says you know what? you have to have at least one housing play and his he says is trading at a 30% discount. let's bring in today's closer, the chief operations officer at strattic wealth partners. give us the name and why you like it. >> mohawk industries is a great play for the housing market en fuego right now. we have new home sales. we have existing home sales and we have renovations what mohawk does, they bring, they bring global flooring leadership to all of these three areas. so and they're also like you mentioned, they are trading at a 30% discount to their peers. this could also play into one of your, you mentioned no stimulus check kind of play. it is only help this play if there is a stimulus check. if there fit, they're trading at

a 30% discount and interest rates are low. so it will continue to have room to run liz. liz: tony, we had a very volatile session. we seem to up down, all around. my question, what do you see for the rest of the year when it comes to stocks? are and i'm talking macro in or out or just cautious? >> so the big thing with us we need to create and all-weather portfolio specifically for our clients and the way that we're doing that is because we're still bullish. we still feel that there is going to be a covid cure. we still feel there there will e type of stimulus to help the economy. as long as we don't have a democratic sweep this november, we'll continue to stay bullish. liz: tony, good to see you. he is from independence, ohio, a fellow browns fan. >> i am, i am.

i saw you are too. connell: liz: normally with any cleveland steam. [closing bell rings] far off the highs. well off the lows of the session. we'll see you tomorrow. melissa: volatile day on wall street. major averages between gains and losses, finishing there in the green as investors look for more stimulus and signs of a job recovery meeting cooling a bit. i'm melissa francis. connell: i'm connell mcshane. we're up and down all around on pace for the red. if and when they do so forth week in a row to the downside. that would mark the longest weekly losing streak in more than a year. 13 months. plenty of perspective coming up throughout