charles: well, you know what, we will have you back, because you have been absolutely fantastic with the stock picks and the way you have helped our audience through these wild gyrations in the market. thank you very much. meantime, we are holding up pretty good. every single sector, all 11 sectors in the s&p are higher. energy leading the way. we will see what happens. but it's pretty good, liz claman, when all the sectors are moving in the right direction. liz: imagine that. imagine, hey, charles, you and i should get in a twitter brouhaha like mark cuban and ted cruz. oh, my god. that's crazy. charles: i love you too much. liz: i'm up for it if you are. yeah, i know. i know. we can't fight. we love each other too much. thanks, charles. great to see you. we got this stimulus saga once again controlling the markets' joystick as we head into the final hour of trade. before we show you where we're going, let me show you what happened at about 11:30 a.m.

eastern time. take a look at the dow. the dow specifically tumbled to lows around 11:30 a.m. eastern after house speaker nancy pelosi said in her weekly news conference there will be no stand-alone stimulus without a broader coronavirus bill that includes money for schools to properly open and stay open. but then the dow climbed back. actually, the nasdaq and the s&p never went negative but the dow did climb back when pelosi stressed she remains open to negotiations. our floor show traders are about to tell you how to play this moving target. flying higher in the middle of the pandemic. while major air carriers remain stuck at the gate waiting for more stimulus money, private jet travel, affordable private jet travel, is booming. the set jet ceo is here. he will demonstrate to you exclusively how contactless security systems that he's just installed don't have you having to remove anything metal or even take the loose change out of your pocket. and how are they expanding routes while the legacy airlines

are shrinking theirs? live sports streaming service fubu tv makes its debut on the new york stock exchange. the cable disruptor ceo is here on his trick to competing against other streamers with deep pocketed corporate parents. we've got to begin with a fox business market alert here. mixed signals again out of washington about the state of stimulus negotiations. so tuesday and wednesday was president trump who weaponized the stimulus, first demanding suspension of all discussion and then a few hours later saying he's open to stand-alone aid for airlines and individuals. today, it was house speaker nancy pelosi who grabbed the marketmachete. listen. >> -- having a stand-alone bill for the airlines or part of a bigger bill, but there is no stand-alone bill without a bigger bill. liz: all right. so initially higher, airlines slipped into negative territory

but you can see they're all back if the green except for american airlines which is just about one penny higher. call that flat. but airline jobs are still hanging in the balance. american airlines and united have furloughed some 32,000 workers since that first tranche of $25 billion in care act money for the carriers expired on october 1st. but take a look at the jets etf. this exchange traded fund is basically the pure play major u.s. airlines portfolio. shares are up more than 5% so far this month, pushing 6%. is there still confidence a deal will be made sooner rather than later? this leads into washington and through your wallet so let's bring in the floor show. andrew smith and ed mills, raymond james washington policy analyst. ed, okay, stocks have endured a lot of wear and tear in the past 72 hours with all this back-and-forth on stimulus talks. can you read the tea leaves for us on how this plays out?

>> yeah. that's a great question. i think what i have been debating with investors is whether or not it was a signal that there is an expectation that we'll get a good package in the lame duck before the december 11th deadline to fund the government, or if it's the market further pricing in a democratic sweep in a very large recovery package in a potential biden administration. i think investors are split on that. what they're not split on is they are still expecting some level of stimulus coming out of washington, d.c. liz: andrew, we have been seeing this gyrate the markets so how do investors strategically handle this news if a deal does not come soon? ed thinks it's coming but we still have 800,000 plus americans filing every week for first-time jobless claims. what's the play if there is not a deal? >> so as we said earlier, the markets are really [ inaudible ]

on that additional stimulus but the economic recovery is under way, we are seeing economic tail winds from lower rates, we have seen monetary policy, so these volatile moments should be taken advantage of for long-term investment into companies that benefit from that economic recovery story. we like names that are high quality balance sheets and do well with their profit margins. we like home depot, fed ex, waste management, companies that have done well during the pandemic but also continue to do well going out into the economic recovery story regardless of fiscal stimulus or not. liz: you know, ed, andrew makes an interesting point. waste management. i'm thinking about this. up .66% right now but it has really struggled over the past year. when people start going back into business and they start conducting commerce once again or their regular lives, we will see a lot of trash generated, will we not? so as you talk to your advisers, they come to you specifically to

sort of listen to how wall street meets washington, d.c., what is the most important thing you want them and our viewers to know? >> well, i think the number one question has been the election and there has been a real concern about whether or not we'll have a clean kind of answer election night or soon thereafter. the thing that we really have been promoting is how quickly in advance the absentee and mail-in ballots get counted. if florida they get started to count 22 days before the election. north carolina, 14 days before the election. so on election night, we actually might have a lot of information sooner than we think. so the fear of an extended election is still there, but let's look at how quickly things can get counted. the second main point we have been telling advisers and investors is elections do matter, but usually once you

have that certainty, any weakness heading into the election usually recovers quickly between election day and inauguration day. so don't have knee-jerk reactions to this election no matter how it turns out. liz: andrew, you brought up a couple of picks there and one of them was home depot. we have been looking at costco, and costco had very nice same store sales. this is a company that are you saying could possibly, you want to look for companies that could do well in either scenario? >> yeah. definitely. we started to see fears of a second covid wave in europe and some of the states here within our country. we want to find those names that really could benefit from both sides of that aisle. costco, but also home depot. lot of individuals are staying at home longer than anticipated. we have seen that drive out of metropolitan areas into suburbs. home depot is also trying to increase their online presence so that really helps give that extra tail wind to that investment play but as we have

seen home building pick up, the home building sector has done phenomenally well given the low interest rate environment. we still see the tail winds going to persist further. liz: we will see you next time. thank you. because this past 72 hours has been nuts. but it is stimulus-driven. let's get to this. we do have some individual names on the move. big blue, you don't often see this, ibm is topping the blue chip index after it announced plans to spin off its i.t. infrastructure services unit into a new publicly traded company. the move caps an effort by ibm to muscle its way into the fast-growing high margin world of cloud computing. it's up 5.25% to $130.53 but just remember, ibm was $181 a share back in 2017. eden vance getting a significant boost after morgan stanley announced today plans to acquire the mutual fund manager for $7 billion. under the deal shareholders

would get $56.50 per share. it's at $60.48, plus you get the one-time dividend payout. morgan stanley's buy comes days after it closed its acquisition of e-trade. eaton advance up 47%. we have a pretty picture for coty investors. double digit percentage jump for the stock, up 12.9% on news that it's expanding its kylie skin care line. there she is with purple hair. the brand created by wildly popular reality star kylie jenner. the cosmetic maker will launch direct-to-consumer web sites for the line in the uk, france, germany and australia. we should look at the rest of the beauty sector to see if they are getting any kind of bump. that would include ulta, estee lauder, sally. they are all moving higher. that brings us to mcdonald's. a stretch, you say, from kylie to mcdonald's? actually not.

kylie's ex-boyfriend, rapper travis scott's mega-successful collab with mcdonald's helped boost sales at the fast food chain. the travis scott meal was so popular that some mcdonald's are suffering shortages of the custom-made quarter pounder. mcdonald's trading lower by .33%. don't know why. we had u.s. same store sales turning positive in the third quarter. the company also boosted its dividend by four cents to $1.29 a share. nice payoff while you wait. we've got the closing bell ringing in 50 minutes. the dow up 82 points. hey, take a look at roku's stock. it's moving higher after needham boosted the streaming device maker's price target to a street high of $255. it's up 4.25% to $221 and change. this as one of roku's offerings diving into the public markets today. up next, live sports streaming platform fubo tv plans to get

sports fans to finally cut the cord entirely. we are going to take you live to the new york stock exchange on their ipo day to hear from the ceo right here. - as the original host of "wheel of fortune," i was blessed to be part of building one of the greatest game shows in history. during that time, we handed out millions of dollars

to thousands of contestants. and i thought, what if we paid the contestants their winnings in gold instead of cash and prizes? back in 1976, we had a wonderful contestant named lee whose three-day winnings were valued at $12,850, and you know what? that was a pretty big haul back in 1976. so i wondered, what would have happened if lee had put $12,850 in cash and then put $12,850 in gold in a safe, just sitting there side-by-side from 1976 until now? well, i went back and i ran the numbers, and what i found was amazing. we all know that $12,850 in cash would still be sitting there, but it would be worth a whole lot less than it was in 1976. but that $12,850 in gold, safely stored away, it's worth $135,000 as of the taping of this commercial. now, that's more than 10 times the original amount. and that's why i've been putting my money

in precious metals for years, and i don't see any reason to stop now. - [announcer] if you've bought gold in the past, or would like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the "complete guide to buying gold," which will provide you important, never-seen-before facts and information you should know about making gold, silver, and platinum purchases. if you call right now, you can also receive a copy of our new u.s. gold report for 2020. inside, you'll find the top 25 reasons why you need to start owning gold today. - with nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide, u.s. money reserve is one of the most dependable gold distributors in america.

so you're a small bor a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business.

liz: breaking news. we need to get you to this. moments ago, michigan governor gretchen whitmermaid a statement in lansing about the thwarted kidnapping plot against her, thanking law enforcement for apprehending and charging quote, sick and depraved men who were quote, preparing to kidnap and possibly kill her. in case you're just joining us, this story broke out a couple of hours ago. the fbi revealed that six men had been plotting since the summer with a militia group to take the governor hostage and they had hoped to carry out their plans before election day. the fbi said they learned about the plot by intercepting encrypted messages and there were undercover agents working with the group. now, in a statement, facebook said it quote, proactively reached out to the fbi and the

investigation of the militia plot. facebook's stock moving higher by 2% right now, $263.37. let me make a hard right turn here. cord cutters. cord cutters rejoicing today as fobu tv hit the stock market, bringing the allieva sports that cable offers for a price as low as $65 a month. the stock priced to $10 opened and immediately moved to about $12 a share, coming slightly back to earth right now but still up 4.5%. as you know, we always say here on "the claman countdown" it's not how you open, it's how you close. so with about 46 minutes left to trade, the stock is at $10.44. let's bring in from the new york stock exchange the ceo to talk about his big ipo. he's also the co-founder. david gandler. great to see you. day one, what's it been like these past couple of hours? >> we're very excited. we are having great day.

we are happy for our customers, happy for our shareholders. liz: let's get right to it. i want our viewers who aren't familiar with fobu tv to understand what it is. you've got different packages that would for not really just the live sports aficionado or fan, but look, spongebob, fox business, along with all of the sports and talk about the pricing here, because right now, that seems to be the key. >> yeah, that's true. fobu is a sports first paid tv replacement service for the entire family. we offer a wide range of premium sports, news and entertainment content with a fantastic experience and a very attractive price point. the price point is actually $59.99. liz: for what, 100 plus channels, as i understand it? [ speaking simultaneously ] liz: okay. so you're in the same range as

at & t. then you've got a family plan for $64.99 which is right there with youtube television. sling's cheaper. hulu is slightly less at the moment. but talk to me about the plan for revenue. you actually had revenue up about 93% year over year between 2018 and '19, and that revenue gain has continued, i believe, in the most recent quarter from the guidance that we found. but i'm interested to know where the rubber is going to meet the road when it comes to actually being profitable. >> yeah. that's a great question. as i said before, fobu is a very young company, five years old. we launched the business in january 2015. we have been growing our top line very quickly, roughly about 100% year over year. we have increased guidance for the third quarter, guidance for the fourth quarter, for the full year. we expect to finish the year with about 480,000 paying subscribers and have taken a very balanced approach to the business growing subs at a rate we believe is acceptable to us,

but yet is way above the market, but at the same time we are focused on gross margins. in january i mentioned that our plan is to expand margins at roughly 150 basis points to 200 basis points per quarter. we have been doing that sequentially and we believe that continues over the long haul. liz: talking about subscribers, how do you retain and continue to grow subscribership post-pandemic? there is this belief that everybody's stuck at home and of course, they are dialing up and they want to see this. how do you model for that, how do you plan for that once there is a viable vaccine and people are ready to go out and do other things? >> look, great question. obviously we have seen viewership grow to about 140 hours per month during the pandemic but prior to the pandemic, we were growing at a pretty solid rate. we had gone from about 34 hours of viewing in q1 of 2018 to about 120 plus hours through q1

of 2020. so we believe that trajectory continues. cable tv viewership hours, the nielsen numbers are around 300 hours. we feel there's significant room for us to grow given the fact we are a paid tv replacement service with a robust set of channels across three genres, sports, news and entertainment. liz: yeah. yeah. but sports, boy, you got die-hard sports fans pretty excited about this one. you'll be happy to know while you were talking, the stock moved up yet another percent. hey, i'm glad fox business is also one of the choices on fobu tv. thanks so much. >> thank you. thank you for having me. liz: david gandler. good luck. we will be watching it. fobu tv. the app that is a dream for cord cutters who are just dying for live sports. closing bell, we are about 40 minutes away and the dow continues to hold on to 85 points at the moment, good for a third of a percent. hey, we've got another media superstar on this week's edition

of my everyone talks to liz podcast. listen to this question. why would the hollywood executive producer behind the hugely successful "hangover" movies step away from the hollywood scene to pursue a calling in criminal justice reform? who does that and why? one community founder and ceo scott budnick is using his film company to transform lives and bring powerful stories about them to the big screens. he's even got margo robbie on board for the true story of an inmate who fought california wildfires but then was denied the chance to join the fire department when she actually was sprung from prison. tune in to spotify, apple, google for this inspirational story. up next, oil caught in a storm right now. we are live on the ground as hurricane delta bears down on the gulf of mexico. we'll tell you where it is right now.

metastatic breast cancer is relentless, but i'm relentless too. because every day matters. and having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant,

regardless of menopausal status. and it's the only one of its kind you can take every day. verzenio + fulvestrant is approved for women with hr+, her2- metastatic breast cancer whose disease has progressed after hormonal treatment. diarrhea is common, may be severe, or cause dehydration or infection. at first sign of diarrhea, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening inflammation of the lungs can occur. talk to your doctor if you have new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include tiredness, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. every day matters. and i want more of them. ask your doctor about everyday verzenio.

keeping your oysters growing while keeping your business growing has you swamped. (♪ ) you need to hire i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. claim your seventy-five-dollar credit when you post your first job at indeed.com/promo

liz: we are getting this news. an energy company says it plans to keep its lng, liquid natural gas, export plant in louisiana running but with fewer employees as hurricane delta bears down on the gulf coast, raking across prime offshore oil producing platforms in the gulf of mexico. here's where it is. the national hurricane center says its tropical storm force winds are extending up to 125 miles as it barrels toward louisiana. crude futures are surging. we are in the aftermarket right now but 91% of the region's offshore oil has been halted. 62% of natural gas output in the gulf also halted. you've got nat gas up .8%. crude is up 3%. let's go to fox news senior

correspondent mike tobin on the ground in berwick, louisiana. mike, what are you hearing? reporter: we are just starting to get the first bands of rain from the outer edges of the storm. right on cue, i want to show a couple tugboats headed up the river, presumably headed to safe harbor right now to secure themselves. as you look around, we are looking at morgan city, i'm standing in the town of berwick, louisiana. as you look around, these towns are surrounded by a 17-foot seawall with big gates that roll closed when the storm comes in. some 38 gates, most of them are closed right now. the people out here, you have some 8,000 residents who are still without their homes after hurricane laura. they've got to repeat the drill now. board up the windows, the fishermen are taking their boats to safe harbor, crabbers are pulling their traps out of the water, doing it without pay for another week. this is the drill. they know it, they don't like it but they know enough to take the storm seriously.

>> katrina was devastating to us so we are acutely aware of how we need to handle this and we don't take anything lightly. reporter: moving through places like cancun, hurricane delta proved that it is a destructive force, leaving behind flooded streets, battered buildings. you even have a situation where people piled up in a hotel despite the pandemic, all in close proximity to each other because they needed some place to shelter. passing over land in theyucatan peninsula, the storm did weaken a little bit. the bad news is right now it's over deep, warm water and gaining strength. the good news is that before it makes landfall it will hit some cold water again. it will also hit a wind shear which to simplify it, will essentially disrupt the wind pattern and weaken the storm to some extent. but still, we are talking about an 11-foot storm surge, some 15 inches of rain and the potential that it could whip up tornadoes. you got hurricanes, tornadoes, pandemic, welcome to 2020. back to you.

liz: yeah. 11-foot storm surge and before we go, how tall are those gates over your left shoulder? reporter: 17 feet are the gates. the good news, i was looking at the tides, the storm surge should not hit right at high tide. that's good news for the people out here. you don't have all the water piling up at the same time. liz: just six weeks after they were hit by another hurricane. thank you, mike. stay safe. you and the crew, we appreciate you. we appreciate the news. let's go to cheryl casone for today's fox business brief. cheryl: yeah, dominoes rolling to the bottom of the s&p 500 today after missing on eps due to higher costs caused by the pandemic. the pizza giant saw sales spike 17.5% in the third quarter which was driven by at-home and sports watching demand. the stock is down almost 7%. target and tapestry are dressing for success after getting a buy call from deutsche bank. deutsche says consumers are redirecting their entertainment

and travel dollars into fashion. target higher by .8%. tapestry up more than 4%. let's take a look at regeneron. it is seeing a lot of green after getting emergency approval by the fda for its covid-19 antibody cocktail. the company filed for the emergency authorization last night and this morning, president trump announced it would be getting approved. gilead has signed an agreement to bring remdesivir to the european union. this would be the first effective antiviral drug treatment of covid-19 being brought to the eu. regeneron up almost 2%. gilead up more than .5%. well, as the race for a vaccine and treatment kicks into high gear, what happened to the travel biz that is booming due to social distancing? the set jet ceo gets his post-covid flight plan to liz, next. 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. state of the art technology makes it brilliant. the visionary lexus nx. lease the 2021 nx 300 for $359 a month for 36 months. experience amazing. at your lexus dealer.

- [narrator] just over a decade ago, the nation's iras and 401ks lost around $2.4 trillion. and with rising uncertainty in the world, many fear the next crash is looming. can you trust the stock market alone with something as important as your retirement savings? luckily, you don't have to. the price of gold is on the move, with some predicting it will double in the future. and as a physical tangible asset, it's less vulnerable to the volatility of the stock market, which makes it a powerful government-approved tool in hedging your retirement savings against loss. call and ask the experts at us money reserve

to send you their free information package, it's full of everything that you need to know about getting started on your self-directed ira today. one of the criticisms of traditional ira accounts is that they're typically tied to paper assets that are often unprotected from inflation, or even a market crash. recently, congress passed a bill that created a better solution. it's a new type of ira that allows you many of the same tax benefits of a traditional ira, but without the same types of exposure to market volatility. it's called a self-directed ira. us money reserve agents are knowledgeable in all aspects of self-directed iras, and they can help you from the beginning to the end. - the us money reserve, i highly recommend it to anybody out there looking for an alternative to these dangerous times. - what they have done for me in my portfolio is i couldn't ask for anything better, i really couldn't. - i would recommend us money reserve without any hesitation or reservation to anyone.

i would not use anyone else, honestly. - [narrator] call and ask the experts at us money reserve to send you their free information package. it's full of everything that you need to know about getting started on your self-directed ira today. you don't want to wait for the next market crash. with your money in a secure precious metals account, you can stop worrying about your retirement and start looking forward to it. so you're a small businor a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business.

liz: some investors are really wishing they had invested just six days ago into the airline sector. look at just a few days into october, jetblue's up 12%. 12%. since the beginning of october. american moving higher by 7%. delta seeing a gain of 6.66%. wholly driven by hopes of a fresh chunk of stimulus money heading their way. now, at the wholly entirely other end of the flying spectrum, private jet carriers are seeing pretty stunning jump in new customer interest as flyers seek options that involve fewer people, more space and more latitude in location choices, even if it comes at a higher cost. the private jet charter flight

platform set jet, which just launched in december, not even a year old, already opening a second hub in the san francisco bay area and now it becomes the first private jet company to use a new intelligent touchless security screening system. joining us now in a fox business exclusive for our first look at this new system is set jet cofounder and ceo, tom smith. tom, good to see you again. you were with us when you launched. first walk us through this new system. give us a tour, what it means we do and don't have to do. >> yeah. so this is the evolved security system. we are exclusive in the aviation industry to have this. one of the great things is it's a threat director, not just a metal scanner. i don't have to stop. i can carry my bags at the same time. just by moving through it, it does a quick scan and then as it takes that picture, it will show an image on there for our security personnel to see where that threat might be. it's not just looking for metal. it's looking for threats and it's really exciting because it doesn't slow the process down, it's non-intrusive and it's a great piece of technology. liz: so you don't have to take

your cell phone out, you don't have to put anything in a dish? >> correct. you don't take anything out. i can go through with my bags. i don't have to send them a different direction. i can just walk right through the system and then you can come into our lounge and relax and keep your social distance. it's a great way to just have security but it's non-invasive, it's not slowing you down and can do thousands of people per hour so it's a very quick system. you just keep moving while it's doing its scan and then our security personnel would see the picture with an image of a red box showing where the particular threat might be. liz: i see. okay. then behind you is one of your, i believe -- what kind of jet? >> this is one of our jets. there's five of them now. the expansion from san francisco coming to southern california into las vegas will start on january 4th. we are getting a great response. we have also added an international market with cabo san lucas. i will show you inside the jet so you can see how it's spaced

and people are able to travel in luxury with us on this platform. liz: you know, you just are now opening in partnership with app jet center in heyward, the heyward executive airport. that's located in a very specific place that would give a real opportunity for people to get into silicon valley, san francisco, oakland, berkeley. how did you expand so quickly because when we first met you, fewer than ten months ago, you really didn't have as many routes so i'm assuming your passenger numbers have gone up. talk about what you have seen as far as percentages are concerned. >> yeah. we were on a hockey stick and when covid hit and the lockdown, everybody got affected but it r was really driven because our members weren't making reservations. we are now approaching almost 1,000 flights being conducted. we are back on that trajectory. the members wanted to add cabo and san francisco, and we are doing that.

we got that partnership as you mentioned so it's going to open up the whole bay area, connect southern california with northern california as well as the las vegas market. the whole southwest now is going to be covered and it's been driven because of our member response. this is the way they want to travel. it's a $5 million interior. you aren't sitting right next to each other so you get that private experience but you get to go when you want to go and it's a schedule the members are setting. liz: where you want to go. private jet travel is a way to actually legally go to countries that are still limiting american flyers coming in. listen, the list changes constantly but i remember a couple months ago, the bahamas said no way and so people were saying how do i get in there. if you took a private jet, you know, people imagine that private jet travel is really for a business traveler who has a company dime that they can travel on, or very wealthy people.

>> correct. and it is, it's very expensive when you travel private. it's thousands and thousands of dollars. with our membership, it's a $99 membership, it's $99 a month to be a member, and it's between $400 and $500 depending on your destination each way to travel this way. so it's more closely aligned with the first class ticket. it's not tens of thousands of dollars that you might see for the segments we are flying and it's because we are able to congregate 14 to 15 people inside this airplane that we are able to maintain, whether you are the first to book it or the 14th, everybody is paying the same. that's why the members really love this opportunity. some of these people are not even -- they have the ability to travel private but are choosing to travel on set jet because this is a more affordable way and they still get that same experience flying out of private terminals and arriving at a private terminal. you don't have to sit and wait at an airport and be crowded. our members are just loving it. liz: you know, i'm just going to say, when are you going to

dubuque? american airlines announced it was slicing some of its smaller and shorter haul routes. we can put them up. joplin, missouri. i know they have new haven, connecticut, they are cutting off, del rio, texas. you guys are expanding while they are shrinking. what does that mean for your business in the months ahead? >> well, we are going to continue to expand. we are already looking at other markets like in texas, like in the southeast. as you say, people, when you talk to our members, they just don't want to be traveling commercially. they are worried about covid. here, they are getting experience where they can maintain social distance while even on the aircraft, and that's one of the reasons we are expanding. san francisco to los angeles, the northern california/southern california is a huge travel market. we are also going to look at connecting southern california with new york in the future. that's another market we have had in our plan. but by staying in that one to two-hour flight range we keep it affordable, yet give them a private aircraft experience. liz: all right. we need you to come out to teterboro here in jersey. good to see you.

tom smith. set jet ceo and co-founder, and thank you very much. good to see you. the closing bell, make sure there's nuts, the mixed nuts are heated. we have 19 minutes to go before the closing bell rings and yes, now we are up 95 points for the dow at 28,393. up next, we have been talking about the stimulus saga playing havoc in the markets but is targeted stimulus even too much of a lift for both nancy pelosi and the white house? charlie breaks it next on "the claman countdown." i searched and found sofi and applied for a personal loan. i paid off my credit cards and felt a weight come off my shoulders. thank you sofi for a great experience and for helping me get my money right. ♪

liz: we have this fox business

alert. at & t's warner media is planning on cutting thousands of jobs in restructuring efforts. warner media, of course, is the parent of hbo, turner sports, cartoon channel, cartoon network and of course, cnn as well. we have warner brothers, hbo, cable channels cutting costs by as much as 20% due in part to the coronavirus pandemic draining income from movie theater tickets, cable subscriptions and tv ads. shares of at & t right now up 1%. okay. so we continue to talk about this theme of whether we will see a stimulus plan. now, even as stocks move higher on new stimulus hopes, senate insiders are apparently doubtful that even targeted aid can get through at this point. charlie gasparino with the latest details from inside the beltway. what are you hearing? charlie: you know, the stimulus package was always a heavy lift. the latest round of it. we are still talking about this

when it was supposed to be done in august. we are hearing even now where they look like there could be some ray of hope for very targeted stimulus, some of the stuff we first broke on "the claman countdown" a couple days ago about maybe doing some more business loans, some additional ppp money, something that's very targeted, maybe to airlines. we are hearing now that that is even largely off the table. you never say never in this environment. we have 30 days to go before a presidential election. there's political points to be made on stimulus, markets go up often on that. but here's how we are hearing from our congressional sources how it's breaking down. first off, congressional democrats and the gop remain divided on this. there's no doubt about that. that's why you're not hearing a deal. the democrats believe they can pass a bigger stimulus in november after the election. why is that? they are growing increasingly confident they are going to win not just the presidency but the senate and control all three chambers and at some point, you

know, the senate doesn't change hands until january, obviously, and neither does the presidency if biden defeats president trump, but there will be pressure for the current congress to act, or they will act alone in january. so they believe that they have the wind at their sails. they believe kamala harris's debate performance last night. while not as good as vice president pepnce, pence did a very good job in that debate but they don't think it was anything that's going to be a game changer in terms of polling and the election and they really think because this election is on covid and on the president, whether he addressed it well enough, his response to covid, they really think they are in the driver's seat with 30 days to go. then here's the other thing that's really interesting. republicans see no political benefit in compromising, really, with democrats who want more grandiose spending. they are looking at it like this. their constituents are worried about the deficit.

the deficit right now is at $4 trillion. unemployment numbers are baked in, even if they pass a big stimulus bill. you're not going to get anything before the election. the political dynamic is such they are not going to go out of their way to do this. they don't get much bang for the buck politically. president trump is down but if the republicans want to hold the senate they may have to appeal to people who are worried about the size, growing size of the deficit with all this spending. and the fact that the economy is in many ways getting better even though as you just reported, at & t and a bunch of other companies are slashing workers because of the pandemic recession. so that's where we are right now. i would say as of now, it's a big no. but the one thing i would caution is this is a moving political football. you are in a very unpredictable president who may give in. who knows. the problem, though, trump has is that he doesn't control the gop senate right now. because of his poll numbers, it's hard to convince senators who don't want to spend any

more. people like mitt romney and even mcconnell, mitch mcconnell, the majority leader, to go for a big spending plan right now. they are fighting for their political lives, too. they don't see any political benefit for it. back to you. liz: yeah. well, maybe the benefit is you've got people who are facing household insolvency. you just don't know with so few days left before the election. thank you. charlie gasparino. the one, the only charlie gasparino. closing bell, we are just a couple minutes away. let's call it nine and a half minutes. the dow is now up triple digits. we climbed and climbed this entire hour. up 108 points. up next, the big name that's buying up bitcoin and why our "countdown" closer who has been trading stocks for decades says you know what, you should, too. "the claman countdown" is coming right back.

economics? algorithms? magic? turns out, it's you. doing your thing. dreaming dreams. building new worlds. it's why we built our workspace technology. to help you do your best work and to see what you can become. you're made for bigger things. look, this isn't my 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 over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's

free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. you've probably been investing in your home for years... making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. call now so you can... retire better

liz: said she didn't want to do a stand-alone stimulus deal. when she said would consider an airline deal if it were paired with a larger plan to at least get money for education. some other, other areas of the economy. at the moment which may be struggling to stay open. all right. dow is up 110. nasdaq nice gain there up 51 points. look at gamestop going gangbusters right now, after announcing a multiyear partnership with microsoft. the stock is spiking 43% to 1345. gamestop will use microsoft cloud products back end, in

store operations. employees will use microsoft surface tablets working with customers and teams for work place communications. gamestop is adding xbox all-access to its offerings. that is probably why the stock is up. shares were halted on news, moving higher at the moment. we should check microsoft just because, we said we would. up 63 cents. that is gain of a third of a percent right now. to jack dorsey's payment company squared. making not so squared investment in bitcoin to the tune of $350 million. the price of the digital currency has risen to $10,892 right now. square of 341. gain of 1.8%. check out resemblance between the bitcoin brosss, winkelvoss twins and our "countdown" closer george ball.

i see the physical resemblance, george. we have investment resemblance. you're on the cryptocurrency pursuit. tell us why you look at crypto at the moment and what form? >> liz, the cryptocurrency, bitcoin would never come out of my mouth in a positive sense until probably two weeks ago. i thought it was a snared delusion for the gullible few. i changed my mind which make me one of the gullible few but hopefully not. two reasons why cryptocurrencies are very attractive. one is a longer term reason, there is a good possibility that the currency gets debased by massive spending and tax increases that don't match that over the next couple years. the other is the speculative reason which is very very, very

compelling to me right now. liz: sander morris harris' george ball changed his tune on bitcoin which is incredible. how many decades have you been in this business george? >> people would say too many. and they're right. the business baffles me as much as a half a century ago. i'm not ready to quit quite yet. liz: here is my concern about bitcoin. i like evolution and revolution. so i get it. people were poo-pooing the internet in 1998, even that late, i'm never going to order anything on the web. it is too weird. too scary. now look, we're all attached to it. so there is an opportunity there but my concern is very much with the, i guess the ability to invest without buying individual bitcoins. there isn't even a pure play

bitcoin etf right now. so where do you look at the plays, the way to get in? >> there is one semietf, the etf -- is the symbol. it trades rather consistently big, up to 20% premium over the net asset value. you're paying for convenience in that case. fidelity is opening its doors to cryptocurrency or bitcoin, a basket of the crip cocurrencies. that is another way where late investor like me can put money into the cryptocurrencies and i think that as the retail investors who have been trading much more actively in the market get their noses bloodied, would turn to cryptocurrency of the

vehicle of the moment. liz: got it. [closing bell rings] the fact that square is up to $283.50. not a bad move. george ball. always a pleasure. that will do it for "the claman countdown." it is friday tomorrow. we'll see if we can get green on the screen. connell: we are just clinging to stimulus hopes. stocks rising again. second day in a row we've been up. investors holding out hope we'll get some type of relief package done, despite back and forth throughout the day in washington. first the president came out that talks were starting to work out. the speaker seemed to throw cold water on that. we're up nice 122 on the dow. thanks for joining us. i'm connell mcshane. this is "after the bell." we have a lot of news to cover. we have fox business team coverage with reporters. ashley webster sorts out the