we can get some sort of news this week. america still needs a stimulus product and if we get it, watch out because this market can really really take off from here. liz claman, you got a lot your plate heading into the last hour of trading for the month of september. liz: what do you think? you just brought up senate majority leader mitch mcconnell who said the two sides are too far apart. we were starting to see a thaw, were we not, and the markets were jumping. you think that was deliberately released to bring the markets down? charles: i think it was deliberately released to create more tension, more pressure, on both sides, by the way, and listen, i'm glad they're talking and i really believe that both sides know this is for the american public. put politics away for a moment. we have a large swath of this country that's suffering too much. let's get everyone in play, and move this country forward. liz: we need to hear more about plans to save individuals and the rest of the country indeed.

thank you very much. i was just talking about a thawing for the markets. yes, earlier today, we did hear that of course, stimulus talks would be in play and that we started to hear some smoke signals between nancy pelosi and of course, we were talking about trillions of dollars could possibly be pouring into the economy. she's speaking with treasury secretary steven mnuchin. but apparently now mitch mcconnell as he just heard is pouring cold water on that, or maybe hot water because we were starting to see some real action here. now, movement on a spending deal quickly erasing at least the bad taste in some of the mouths of some investors after last night's debate performances by president trump and joe biden. fox business's lou dobbs calling it the worst debate he's ever seen. lou is about to in join us live. he's been crafting his unique debate analysis. he will give it to you even before he gives it on his own show tonight. stay tuned. he's coming right up. meanwhile, this latest

silicon valley unicorn finally sprouted its horn in the last hour. palantir just crashed out of the gates at the nyse in a direct listing, jumping at its first lap. palantir co-founder john lonsdale is here on what the data giant really does and why you shouldn't, at least he says you shouldn't believe those who say palantir is out to pirate your privacy. and electric vehicle newbie whose first model is faster than the tesla model s, really? the ceo of lucid motors used to work at tesla. he's here to show you his cars and how he says his business of innovation will out-race all the others in the crowded ev field. disney firing the famed princesses? less than an hour to the closing bell. let's start "the claman countdown." liz: we are beginning with a fox business alert. one of the most widely held

stocks in the dow left out of today's rally. let's take a look at disney. yes, that is the name here. it's not that it's the biggest drop. it's just that compared to all the other dow 30 names, it does not look good here, down nearly a percent. it was down about .6% earlier so we are seeing a little bit of an increasing momentum to the downside after they announced big layoffs. how big? 28,000 employees heading for the theme park exits. disney says socially distanced entertainment no longer requires as many employees at its parks. theme park revenue did take an 85% hit in disney's latest fiscal quarter. florida's disney world alongside many global parks now reopen with limited capacity but california's disneyland still shuttered. yeah. it's still closed due to covid concerns in the golden state. theme parks losing ground but sports betting stocks are on an upswing. let's take a look at caesars entertainment. it's in the green at the moment, up 2% after clinching a 3.7

billion win to buy uk-based sportsbook william hill in a gamble to nab a larger piece of the fast-growing u.s. sports betting market. william hill, up .75%. and you know, renewed excitement for sports wagering stocks fueling rivals draftkings and wynn but it's barstool partner penn national gaming, look at that jump there of about 4% at the moment. it's taking the lead on a triple play of price target hikes. jpmorgan in particular doubling down on its bullishness, slamming recent brokerages who downgraded penn on the belief that penn does not stand up to its larger competitors. jpmorgan's price target is now up to 82 bucks. penn national gaming at 72 bucks. draftking and wiynn getting decent bumps today. micron not so lucky, getting chipped after lowering its current quarter revenue forecast due to the government's ban on shipments to chinese telecom giant huawei. the bottom performer on the nasdaq right now is down 6.5%.

all right. here comes october, everybody. with it, the fourth quarter. on this last day of september, charles was just saying it was just a nightmare and train wreck. it's been ugly. let's say homely. it's been a homely month. the dow, s&p 500 and nasdaq are all on pace to snap a five-month winning streak, making this the first negative month since march. we do have the dow looking to close for the month down about 2.25%. s&p down 3.8%. the nasdaq is a little ugly here, down 5% for the month. but let's stretch it out to the entire third quarter. the major averages are up more than 8%. this is good. you know, nasdaq up 11.25% for the quarter. this is the second straight quarterly gain for the dow, s&p and nasdaq so let's get to our traders. spinning it forward for the fourth quarter, teddy weisberg, what are you expecting for the final month of a 2020 that has been scarred, down but not out by the pandemic?

>> well, liz, i actually don't expect a whole lot to change, because other than the election which will then be behind us for the fourth quarter, and we don't know the outcome yet, but that will be one unknown that we'll take off the table, all the other issues we have been dealing with for the last six to nine months, are still going to be there. the vaccine, the pandemic, the economy, the fed. none of these things are going to go away any time soon. but i think that as long as the fed remains in the accommodative mode that it's in and there's no reason to assume that that's going to change, zero interest rate environment and accommodative fed and slowly continuing to improve economy is going to create a positive backdrop for the market as we go forward. the election of course as we get closer becomes a bigger and bigger question mark. but that too will be behind us. once we take that unknown off the table, no matter what the

outcome, i think the market should be in reasonably good shape as we go forward, assuming something doesn't come off the rails like a resurgence in the covid-19 or no vaccine or any other really terribly bad news that we clearly are not anticipating as we speak now. liz: yeah. phil, what does it say that the futures were down this morning and then once we heard that steven mnuchin, the treasury secretary, was at least opening the line of communication with him and nancy pelosi, that there could be some type of stimulus deal part 28, who knows what, trying to help people who are still suffering, and the markets turned around and jumped. the high of the session for the dow, we can show an intraday, a gain of 573 points. that just leads me to believe that no matter what happens with this election, we can make it through as investors. am i looking for rose-colored glasses here or green-colored glasses?

>> i think you look good in rose-colored glasses personally. i think you're right. it doesn't matter what color they are, because i think you are absolutely right. goldman sachs said today they honestly believe that no matter what happens with the election, that the market's going to do well at the end of the year whether it's democrat or republican. donald trump will tell you of course if he doesn't get elected it's going to be the end of the world as we know it but that's a different story. you know, but you go back to what you originally said about the stimulus. i think what the market's telling you, that's the missing link. this is what the market is missing right now to generate its move higher. you're not just hearing it from the market. you are hearing it from just about every fed official. they are saying hey, we need some help to get over the hump. i think they're starting to hear it in washington as well. i think that's why we are making some progress. even though mitch mcconnell came out and said we're still far apart, you know, at the end of the day, what we are seeing is a market that says we need some stimulus to get through it. now, at the end of the fourth

quarter, we could have a lot of good things happen, right. we could see potential end date for a vaccine. we could see the cumulative stimulus and whoever gets in power, maybe we can start moving on infrastructure. but big up day on grain today, look at food stocks, ag, energy, they could have a big fourth quarter. liz: even chinese stocks are moving higher. teddy, phil, thank you very much. what phil just said is very important. an infrastructure plan. we didn't get any details on that, folks. with the closing bell ringing in about 51 minutes, was that a presidential debate or a hockey game? last night's presidential slugfest being called everything from divisive to disgraceful. with just 34 days to go until election day, lou dobbs has an even more pointed description of last night. he's here next on what both candidates must do for the sake of the voters and yes, we will ask him what's the president's thinking behind his shifting ban

on tiktok? "the claman countdown" along with lou and liz, coming right back.

everything he's saying so far is simply a lie. ip not here to call out his

lies. everybody knows he's a liar. >> china ate your lunch, joe. no wonder your son goes there and takes out -- he takes out billions of dollars. hunter got thrown out of the military. he was thrown out dishonorably discharged. >> that's not true. >> it's hard to get any word in with this clown. >> you're the president screwing things up. >> you were a senator -- >> you're the worst president america has ever had. come on. >> don't ever use the word smart with me. >> give me a break. >> there's nothing smart about you, joe. liz: i got to tell you, we hesitated to play that sound bite because we didn't want to hear a collective audio turning down where people grabbed the remote, i can't see this anymore. because it was petty attacks. it was cross-talk. calling it cross-yell, during just about the entire presidential debate last night and it has voters furious and disgusted. fox business's lou dobbs called it the worst debate he's ever seen.

he said that in a tweet and his new book is "the trump century" it's in bookstores now. lou dobbs joins us with his reaction to the first debate of the 2020 race. lou, i have been hearing all kinds of metaphors, it was like a wrestling match or a catfight. i like to go with a hockey game of the philadelphia flyers in 1972-73, because they were the broad street bullies and these two were just at it. it was vicious. i think it's being kind to the philadelphia flyers. tell me what your gut reaction was at 30,000 feet. lou: well, my reaction was that it was the worst debate that i've seen but for lots of reasons, not because of language. as you know, i'm not exactly a buttercup. i happen to like the rough and tumble of it. but i thought vice president biden was exceedingly unpresidential, calling the president of the united states names. he was obviously angry, he lost his composure. then he told the president of

the united states to shut up. while the president maintained his composure throughout. he never once rose to any of the biden baiting. so it was -- it was very difficult at times because it was so rough and so tough in every -- just about every way. it was -- the metaphor i would have to give you would be a ufc fight. it was good stuff and i think, by the way, the entertainment value of it rose above the, if you will, the coarseness that would offend certain daffodils. it was entertaining throughout. liz: well, i'm not a daffodil. i'm a venus flytrap but i was cringing. i have to tell you, when you talk to independent voters, they would take umbrage at what you

just said about president trump not getting flustered. he was turning red, he was angry and there were reasons at certain points where he was angry but i wanted to pull out a couple sound bites, one during -- lou: wait a minute. did he call biden a name? i didn't hear him call him a name. liz: no. he did not, but he -- no, he did not, but lou, you just said -- lou: they're not subjective. he did not lose his composure. biden did. biden was exceedingly rude and unpresidential and lost his composure throughout. the president i thought, you know, was giving even better than he was getting. that's why i said, by the way, in that -- liz: okay, let me play, i would expect that you would say that. you have been a very big supporter of his. you've got -- we will get to the book in just a second. let's listen to one point where

biden was discussing or pushing back on something that president trump said regarding socialism. let's listen. then we can talk about this. >> one of the big debates we had with 23 of my colleagues trying to win the nomination that i won were saying that biden wanted to allow people to have private insurance still. they can. they do. they will, under my proposal. >> not what you said and it's not what the party has said. >> that is simply wrong. >> the party wants to go socialist medicine. >> right now, i am the democrat party. i am the democratic party right now. liz: that was the point where some people who were supportive loved it and said go, joe. others were cringing. they did not like that, lou. lou: i can't imagine why bernie sanders supporters would not immediately click off right there. that and his comment as the president, the president

highlighted it when he started talking about the very idea that the green new deal is not the new deal, it's his deal and it will be quite a separate and different matter. that is losing the left. i think that's going to be the big story here over the coming weeks, because he's got a lot of damage to repair. liz: you just talked about losing the left. let's listen to something that popped out to team "countdown" here when president trump said two separate things about two separate cities in america. let's listen. >> i look at new york, it's so sad what's happening in new york. it's almost like a ghost town and i'm not sure it can ever recover. >> bad things happen in philadelphia. bad things. liz: okay. lou, you were talking about losing the left for biden. president trump in many people's minds lost the undecided voter there because he is supposed to be president of the united

states, not the red states, not the blue -- not the red cities, but to have dissed both philadelphia and new york instead of saying i've got a plan to improve the situation in new york and to fix things in philadelphia, and no matter what, i am the president of every state and every city. lou: um-hum. so how do you explain andrew cuomo not listening to his couns counsel, mayor deblasio letting violence run rampant on the streets of new york. new york city as you know, when the president referred to the ghost town, there are 17,000 vacant properties suddenly in manhattan. they have lost half a million high earners from the city of new york since the onset of both the china virus and the black lives matter and antifa violence on these streets.

this is a president of all the united states but right now, we have some balkaniization in this country that is being led by the left, the democratic party. it manifests itself in chicago. it manifests itself in new york and new york state, as well as portland, oregon, minneapolis in minnesota. we have to recognize these realities. it is one of the difficulties of governing this country right now. it approaches the same atmosphere of the mid to late 1850s in terms of the division in this country. it is a division this president will have to heal if he is re-elected. liz: yeah. this is going to be a big wound that needs more than just a band-aid. massive stitches and surgery. i want to just quickly before we bring up tiktok say that what i heard from voters, i have spoken to them on both sides of the

aisle and the center, they wanted to hear what's the plan to help the restaurant industry, what's the plan to help what we know is coming, unemployed pilots in the airline industry. we didn't hear that really from either gentleman and that was really worrisome. let me get to tiktok before we go, lou. you have the president's ear. i got to ask you, why did he embrace the deal for oracle which would have done the complete opposite of what he had demanded, which was that oracle or any u.s. tech outright buy the entire tiktok versus just 20% of it? i can't imagine why he would have done that and now we have moved the deadlines to ban it several times. what is his thinking if you have any insight into that? lou: well, i don't have any insight beyond my own reason and what i know publicly about the deal, and first on that deal, the governance that's been constructed as i understand it and the details are not as you

know fully in the public arena at this point, that needs to change quickly. i'll be talking with steve mnuchin tonight, the treasury secretary who is constructing that negotiation and outcome, but it's going to be a u.s. board. it's going to be subject to the u.s. both securities laws and accounting conventions and requirements and regulations. liz: bytedance will have the algorithm. lou: i'm sorry? liz: bytedance is going to have the algorithm at least from what we know. they will have the meat of it. the algorithm. lou: it is their algorithm but it will also be, let's put it this way. there will be absolute transparency between oracle and bytedance over that algorithm and the coding of tiktok. as i understand it. liz: i don't want anybody to miss the double dose of lou

dobbs tonight, live at 5:00, live at 7:00. lou is going to speak as he said to treasury secretary steven mnuchin and i know you will ask about the stimulus plan and the talks with nancy pelosi. lou is live at 5:00 p.m. eastern. only on fox business. thanks, lou. great to have you. the markets have come well off the highs. we are going to pull the curtain back on palantir, the latest new publicly traded tech giant. i'm greg, i'm 68 years old.

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liz: we've got this breaking news. treasury secretary steven mnuchin apparently has just left a meeting with mitch mcconnell. of course, the senate chief. but he is saying that he made a lot of progress in meeting with house speaker nancy pelosi on coronavirus aid. while talks were good, mnuchin says he does not have an agreement on coronavirus aid yet and that there's still more work to do. house speaker pelosi, on the

other hand, says she is seeking further clarification on this stimulus aid talk. she wants to know more details. mnuchin says we don't have them just yet. obviously he's the go-between between the democrats and republicans. we will get you the very latest as it develops. but all three major indices off their earlier highs. all right. will investors now get to go behind the curtain of one of the hottest companies that has now just gone public? as palantir technologies direct listed on the new york stock exchange just a couple of hours ago, came out about $10 a share, now at $9.70. i guess the reference price, so to speak, as they call it, was about $7 and change. giving the data analytics firm a valuation of nearly $22 billion. co-founded by peter thiel, palantir is known for its work with all kinds of governments but specifically the u.s. government including agencies like homeland security, the deal

with the defense of the united states as well as regular companies such as banks. it's been around for 17 years, never been profitable, but it is making money before of course it spends to grow. palantir co-founder joe lonsdale was in at the beginning and joins us live now. he's a significant shareholder through his venture capital firm. great to have you, joe. congratulations. what does today feel like after 17 years of watching this company? >> it's wonderful to get it out there. you know, when we started it 17 years ago i would have thought maybe it would take 10 or 12 years to get out but it's had an amazing few years. this is really good timing for them to go out with it. liz: take us back to the genesis because it's rare that we get a co-founder 17 years later. tell us about how you came up with the idea and how it developed into what it is today which is the go-to data analytics company for all kinds of governments to do all kinds of aggregating of data and problem solving.

>> sure. well, you know, we live in a very cynical age, i have to tell you after last night. but palantir is not a very cynical company. it's a mission-driven company based on duty and based on a belief in the values and principles of our country. so it was ranked the number one company for a long time in silicon valley, attracting top talent. the reason top talent wanted to come there, we were solving very difficult, very important problems that really matter to our government, and the big companies that were really critical for our organization to solve. liz: yeah. again, i'm dying to know what it was like in the early days. as we fast-forward to today, aggregating covid data, you are doing that for some 34 countries. what are you doing with that data? i have to tell you, when you say you are in the government business here, people get nervous and they think is the government skewing the data to fit, depending on the government, their narrative.

or is it rock solid, is it wrapped in titanium, so to speak, and it's safe? can you just expound upon that? >> sure. and to be clear, the mission with the pandemic is very similar to the types of things the company was built for in the early days. the whole point was to take the best and brightest and to build a product that would be able to solve these problems while protecting civil liberties. what we did is we looked at, you know, huge numbers of i.t. services products that would take tens, hundreds of millions, billions of dollars, and if we built a product instead, instead of having to hire people and take months to do this, you can do it with a product out of the box and of course, with the pandemic, you didn't have time to go hire people to take six months to do an i.t. services project. you needed it coming out of the box, you could trust to build the information environment and solve it and b, it was built and trusted by all the global intelligence agencies so you knew the data would only be used as you are allowed to use it. that was the whole core of palantir, the privacy engine to create this information environment and make sure only

those who are allowed to see, are allowed to see the assets. that was the whole point of the company to start. the pandemic obviously is a very good example of the value. liz: well, again, it's not profitable just yet. it is making money -- >> well -- liz: -- it's coming up off the floor. >> i think that's the wrong way to think about it. palantir made operating cash flow in the last year of operations. obviously ebitda includes [ inaudible ] shares but look at the growth of the company and the fact margins have gone up. it's a mistake to keep saying it's not profitable. it did actually make cash flow. it's growing very quickly. it's obviously something that's likely to be a very profitable business. liz: well, it's up 27.5% right now to $9.21. going to sell the shares or hold on to them? >> i'm a long-term holder. i think we are going to take

responsibility for this company, we are going to control it, make sure its principles and values are held out and they are competitive men with different views on a lot of things. the fact they said we are in charge of this company makes me very bullish on the company for the coming years. liz: it is a big day, after 17 years of toiling and working. we do say welcome to the publicly traded world. thank you so much, joe. please come back again. >> thank you. liz: joe lonsdale, co-founder of palantir. we are about 26 minutes away. coming right back, lucid, the car, the electric vehicle that goes faster than tesla model s? wait until you see who founded the company. a former tesla company person. 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. look, this isn't my first rodeo

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liz: all right. i want to take a look at nikola's stock. it has been battered and bruised, all kinds of

controversy. today, it is cruising down the highway, up 14% to 20 bucks. please keep in mind its 52-week high was $93. but investors seem to at least for the moment be a little more revved up than they were recently. the company, here's what got it up, said that it remains committed to changing the auto industry after the departure of founder trevor milton. ceo mark russell remains bullish, claiming it will continue forward with its hydrogen fuel cell technology for those trucks and saying quote, we are confident that we are still going to hit the milestones laid out there of announcing a partner by the end of the year and getting stations going next year. stations as in hydrogen fueling stations. they do have a partner with general motors on production, but this is the master wimind behind the tesla series s is preparing to put a new electric vehicle on the road that he says is the vehicle of his dreams and he hopes it's yours, too. in a fox business exclusive, we bring in lucid motors ceo peter

rawlinson. first, i'm fascinated that you were really very much behind the tesla model s. you left and now you are coming out with this car called the lucid. first explain to our viewers what it is, what it can do, and there are two versions of it. why so special? >> lucid air is coming into production spring of '21 from our new factory in arizona. it's really taking electrification to the next level. we have over 500 miles range and a true luxury electric vehicle. we are competing with mercedes s class and mercedes, audi, bmw, porsche. they all have one thing in common in the luxury space. their cars are gasoline-powered. we will be the first full luxury

electric vehicle, luxury appointments, incredible performance and over 500 mile range. liz: i just saw a jaguar, yes, i'm saying it correctly, trust me, i know you do, peter, but the jaguar all electric looked very luxurious but i'm presuming that it's the speed at which lucid can reach, 0 to 60, that has it just going nuts over the model s. can you describe how fast it is and covering a certain distance, and compare that to the model s? >> indeed. well, we are starting off with our green edition, the launch limited edition and that combines range, unparalleled range, over 500 miles range, with a breathtaking performance. we have 0 to 60 in under 2.5 seconds and we have a standing quarter mile of 9.9 seconds.

this is supercar performance levels. what's unheard of is how we are able to combine and fuse this great range with performance together in one car, the dream edition, in a way that no one has been able to achieve before. and we are doing that entirely [ inaudible ] technology. that's what differentiates us as a tech company. all the technology is in-house. we've got this amazing efficiency so we are not achieving this with [ inaudible ]. anyone can do that. we are doing this out of efficiency and technology with a smaller battery pack as possible. liz: well, it's not cheap. i have seen the lower end one is about $80,000. the higher end one is more than $160,000. i got to ask, are you pricing yourself out of much of the

nation? elon musk was just onstage saying he's looking forward to making a $25,000 tesla because he wants to make it available and achievable for way more people than just his more expensive models. >> well, we are starting with a relatively high end product and i think actually it's good value. all in, it's $169,000 for the dream edition. you could pay more than that and still not get the performance. this is a real machine. you know, pitched against an amgs class, it's very very reasonably priced. but our ambition is to make our cars more within reach of everyone as soon as possible because the transition to electrification can't happen soon enough. we will move towards the lucid

air at under $80,000 in 2022 and i want to produce more attractive price points. we will do that with our second and third platforms in the future. liz: all right. we are looking towards spring of next year and you are churning them out in arizona. we appreciate you coming here exclusively to talk about it. it's a crowded field. peter rawlinson, i'm not counting you out. thank you so much. charlie breaks it next on tiktok as the market bounces back a bit. we are up 270 points for the dow jones industrials. robinhood believes now is the time to do money.

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liz: all right.

check the dow. we are now up more than 300 points, 322. one heated topic that did not come up in last night's debate was tiktok. of course, the fate of the chinese-owned app still hangs in the balance. we were just talking about this with lou dobbs, charlie. he seemed to be fine with tiktok and bytedance holding on to the algorithm which to me is sort of the brains of it, and that stays in china, but the president, we don't know what's going to happen next. what details do you have? charlie: well, lou is fine with the chinese keeping the algorithm? lou: yeah. he thought that the structure of the management and that americans would be on the board, he felt comfortable with that. charlie: that's surprising. because every china hawk, anti-china hawk i know who looks at that is dubious of that structure which is why marco rubio is still against it, which is why -- meaning the deal with oracle. remember, unless you control the --

liz: roger wicker. charlie: you can go through. william barr, the attorney general, is against it. mike pompeo. the reason why is this. no app, any app is only as good as its algorithm. if you control the algorithm, forget about overseeing, if you own it where you can pull it apart and get into some of the details of it, then you control it and you can see if there's any spyware in there. this deal does not match that, according to people i speak to. so that's surprising. it's also surprising that peter navarro has not opened his mouth much on this thing lately. you know, again, as i said, if there was a girl scout cookie with a small ingredient that came from china, peter navarro was usually on top of that, pounding the table. so this is why this makes this so bizarre that he keeps quiet. a lot of this is politics and tiktok is filled with politics. as you know, the judge, a trump-appointed judge to the federal court came out and

stopped the immediate ban, basically said the trump administration has given no evidence that tiktok is actually stealing any of the data from all those 12-year-olds that post dance videos, meaning that he doesn't think it's much of a natural security threat. be that as it may, u.s. treasury department can still ban it. steve mnuchin works with the president. he runs an entity called cfius, the committee on foreign investment in the u.s., and what we are being told by congressional sources, these are congressional sources that are involved in some of the negotiations, is that cfius has alerted them there's going to be some sort of new guidelines that they are going to give tiktok and oracle, that's the other deal partner, the u.s. deal partner, so they can get through national security -- get national security clearance and possibly cfius approval. that doesn't mean it will get -- they will get through. a lot of this has to do with the chinese government again, they have to give up some of that -- they have to give up control of tiktok, it has to be a u.s.

company, if you want to meet the trump administration guidelines, and you know, there's this debate over the algorithm, whether owning it matters. if you really believe there's a national security issue here, owning it does matter. if you don't, it's a whole other story, that's just politics, sign off the dotted line, hand larry ellison, trump's good friend, a check for managing the cloud and we all stop talking about tiktok. but that's where we are right now. look at the treasury department guidelines. it will be through cfius. congressional sources have been alerted they are coming. when that comes out, i think we are kind of, i think, i don't know for sure, but i think we are in end game here. can you imagine that? what do you think will happen first? a new president or the fate of tiktok being decided? liz: a new president. i really do. courts and lawyers. charlie: by the way, given the insanity of last night, aren't you glad they didn't bring up

tiktok? could you imagine what that debate, sleepy joe can't dance? liz: yeah. not quite sure. i think the roof would have blown off. charlie, thank you. good to see you back in studio there. closing bell ringing in eight minutes. we do have the dow up 3073 points. up next, chaos in washington, d.c. should not mean chaos in your portfolio. so says today's "countdown" closer. find out where she thinks you should park your cash to ride out the storm when "the claman countdown" comes right back. don't go away.

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♪. liz: four minutes to go before we hear the bell ring. look here, the dow up 404. big rally on final day of september. fin al day of the third quarter. s&p up 37. nasdaq up 114. for the quarter it is a decent one here, up 7.9% for the dow.

s&p will see a gain of 8.8%. the nasdaq the real clear winner here up 11% for the third quarter. you know, cheryl casone, when we talk about winners and losers of the quart other, i look and say thank gosh we turned around from the horrific second quarter. cheryl: i agree with you. i want to look at names of winners and laggards for the quarter. winners sales force, nike, apple. laggards, exxon, walgreens boots alliance. third quarter, l brands, fedex, amd. occidental petroleum, marathon oil. on the tech-heavy nasdaq, electric carmaker tesla, zoom video communications amd. laggards on the nasdaq side, biopharmaceutical, gilead sciences and allumin.

liz: thank thank you, cheryl ca. yesterday we got bills of dollars of advice. >> it is unprecedent the amount of money going into the system. because of that you want to be an investor and you want to be long. liz: avenue capital ceo mark lasry portfolio advice he expects no matter who wins the chaotic presidential election, stimulus and money will pour in. don't try to time it with election day. sherry paul says yes, do not let political chaos cause portfolio chaos. drill down what you're advising clients to do, sherry? >> yeah that is exactly right liz and thank you for having me. liz: sure. >> i have been saying this all year long don't al how the midcall chaos which is a head fake to from what is happening in the economy. as your previous guest pointed out we have federal reserve

innovating new stimulus programs in an under ending way. the congress at some point will pass the next stimulus package, which as a reminder puts money in the pockets of people so they can spend it, different than monetary stimulus. we have a change in mind-set, vaccine progression brings us forward to zoo the economy start to heal. the thing that kept people out of this market unfortunately is decoupling between a v-shaped stock market recovery and a still out in the woods economy and normally in the past we have a good economy, good stock market, good stock market, good economy. people have to accept we can have a good stock market while the economy continues to heal primarily because of this unprecedented stimulus. liz: you've got well, 3400 s&p target. we're almost to 3400 right now.

sherry likes consumer discretionary health care. dodging consume staples, real estate. [closing bell rings] the market is rising on this last day of september. the dow gaining 341 points. s&p up 85. nasdaq up by 88. have a good day. neil: we're off the session highs. still a nice final day off the month and the of quarter. washington is following covid relief talks are happening which is news but we understand they remain at an up pass on capitol hill. good to be back with you in new york. i'm connell mcshane. melissa: that is shocking. i'm melissa francis this is "after the bell." we're happen to have you back, connell. with he start with fox team coverage, blake burman at the white house. edward lawrence with the latest on covid relief talks an ashley webster is following the markets.