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tv   The Claman Countdown  FOX Business  October 9, 2020 3:00pm-4:00pm EDT

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>> crldf and cara. the name of a girl i dated in high school. she dumped me. charles: i will hand it over to liz claman. we are sort of in limbo but every time there's a tweet that the deal's not going to happen, we drift but we don't go down. wall street still holding on to hope. liz: isn't it weird the dow appears to have an outsized connection with all of these headlines because the other ones, they are on the move but it's just interesting to watch that index. have a great weekend, charles. okay. yeah. the white house has raised the spending roof. a revised stimulus package offer that's closer to the democrats' number, fueling stocks in this final hour of trade. the dow has erased, you ready, all its year to date losses as the s&p and nasdaq zero in on their best week since july.
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but the scene is a lot more frightening in the gulf. residents and businesses, bracing for double impact. hurricane delta is hours away from slamming into the louisiana coast. almost exactly where hurricane laura hit just six weeks ago, leaving $14 billion in damages. we are live in louisiana as oil and natural gas shutdowns reach levels not seen since hurricane katrina. just one state north, zipline gets the big invite from bensonville, arkansas. yes, walmart hopping aboard zipline's drones to change the face of health care deliveries to your front doorstep. coming up, zipline's ceo gives us an exclusive look into his life-saving drone flight into retail. plus, super tech tuesday is just days away. consumer technology association chief gary shapiro here in a fox business exclusive to name the hottest items primed for
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success. that ahead of apple and amazon's biggest news events of the entire year. and the stocks that could reap the biggest benefits. but we've got to get you this fox business alert. for the 14th straight session, the high -- fourth, rather, fourth session, the high stakes poker game of fiscal stimulus still in play and moving the markets. what began on tuesday when president trump suspended all negotiations for a fifth package of new coronavirus aid followed by a reversal that same night had morphed at this hour into a revised higher offer from the white house that does edge closer to house speaker nancy pelosi's $2.2 trillion number. here it is. just before noon, the white house raised its $1.6 trillion original offer to $1.8 trillion. now according to our washington, d.c. bureau, talks between pelosi and treasury secretary steven mnuchin are back on. well, the dow immediately spiked on the news, but again, as i was
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saying, the dow's a little more sensitive to these particular stimulus headlines, but if you see the gains have slightly moderated from the high there, just around noon. it might be due to the fact that senate leader mitch mcconnell indicated a deal cannot get done before election day. says he doesn't have the votes even from his own party. some members are now alarmed, he says, by the spiking national debt from all the relief spending. all right. with less than an hour to go before the closing bell, to our floor show traders. teddy, investors are a little bit confused here. how important is the fuel from what would be this fifth relief package since march to keep the market engine running? >> well, i think it's very important, liz, but you know, beyond this package and you know, until it happens, it's not done, there are so many issues out there for investors to be concerned about. it's very difficult to know what to do here. liz: okay. what are you doing?
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it's difficult but i know you, teddy. you're never one to back down from a challenge unless there's a boat waiting to go to bermuda. >> well, you know, listen, if you don't know what to do, you really have two choices. number one, simply don't do anything and wait for the dust to settle. number two, if you're concerned, raise cash and get on the sidelines. cash is king when we get into a world of unpredictability and a lot of unknowns. on the other hand, if you just feel the need to be involved and you can't figure out where or how to be involved, you buy stocks like perhaps tyson foods, because people -- or waste management, because they are always going to be collecting garbage or maybe some of the exchange stocks like i.c.e., i-c-e, which will benefit from all the volatility that clearly lies ahead of us. listen, there's always something
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to do. the bottom line is, when we get into these periods where there's really a lot of unknowns, sometimes the best thing simply to do is to do nothing or just get out of the way and wait for the tanks to come down the field, then stick your head back up. there's always something to do down the road. liz: yeah. chill for a minute. but phil, unpredictable picks during an unpredictable time. my team and i were talking this morning, what is a word that has described this week. it's very unpredictable. what do you look at? i like teddy's idea of simply staying with things like i.c.e. which owns the new york stock exchange but on top of everything else, it benefits from trades whether they are up or down. what do you think? what are you looking at? >> interesting if you fell asleep at the beginning of the year and woke up today and looked at the dow and said nothing's really happened this year, right? but no, absolutely the opposite, the volatility, right, it is
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totally uncertain and it's wild from day to day, tweet to tweet, headline to headline. we don't have a deal, we are walking away from talks, now we have a deal, we are so close. mitch mcconnell and charlie gasparino coming up, messed up the rally, slowed it down. we are a lot closer, we know that. if you want to forget all about that, what you really want to look at on the big picture stuff, get away from the volatility, maybe look offshore until past the election, and one stock that i kind of picked out has really performed well lately, called stone, believe it or not. stone is a brazilian stock. think of it as the brazilian paypal. that's kind of what it is. i've heard that maybe even warren buffett has been looking at the stock. i don't know if he's in it but we have heard talk about this. this is a stock that's going to do well. two ways. number one, you get away from the u.s. volatility a little bit. number two, if we do get a second wave of covid, people staying at home, even more online shopping could mean the
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stock's going to do very very well. looks like it broke out to the upside. it's been a very volatile stock. back above $50 and it could keep going. that's one to take a look somewhere else when nobody's looking. liz: i like this idea, because if you want to just sort of remove yourself from the united states and all the drama for the next three weeks, but still stay in the stock game, good stuff, gentlemen. have a good weekend. try and stay away from the headlines but if you need something, it's always on fox business.com. we break stuff all weekend long. thanks so much. have a good weekend, guys. all right. with everything going on in the nation's capital, president trump's favorite social media platform, twitter, is on the move at this hour. there is news about twitter. the microblogging service said it will make it harder now or they will put into place some parameters in order to slow down the ability for posts to go crazy viral ahead of the u.s. election. what they are going to do is put limits on how users can retweet.
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the stock is down half a percent right now. the social media platform rolling out the change for all users on october 20th. it has said they want to slow down the retweet process. we'll be watching that. xilinx surging after the "wall street journal" reported the wireless and data center chip maker is in advanced talks to be acquired by advanced microdevices. look at it up 4.6%. this deal could be worth $30 billion or more. it's actually a deal that's being compared to intel's purchase of xilinx rival altera in 2015 which analysts say did not really result in an uptick in business. that's why possibly amd is down. separately, intel rival gaming and graphic chip maker nvidia announced plans to acquire softbank subsidiary arm holdings last month so there's been a lot of consolidation in this area. intel down 1.3%. nvidia down 1% today. but interesting to see that
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sector with all the moves at the moment. a little jet fuel for mortgage firm rocket companies. jpmorgan raised the stock to overweight from neutral and announced a price target of $28.50 a share. we are at $22.90 right now for a gain of about .75% right now. since its stock market debut, rocket, the parent of rocket mortgages, is up 7%. we thought okay, that one's looking good. let's check out some other stocks that recently entered the public arena in the past couple of weeks. online used car seller vroom priced at $22 is up 4% since it went public on june 9th. it's at $49.82 now. video software maker unity, gaming play here, has been a winner. it priced at $52. it's now at $99.40, up 38%. but electric vehicle power train maker hyliion, it struggled since its debut via spac a week ago. it went public and opened around
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$40 and has fallen 24%. it's now at $29.81. closing bell ringing, we are looking at a bell in about 50 minutes. tylenol coming in for landing on your front doorstep? as we all continue to navigate our new working and learning from home covid reality, a trip to the store has become way less enticing. enter walmart, the retail giant taking its drone delivery program with zipline to new heights. don't imagine the possibilities. just stay with us. because zipline's ceo is here next to sky write it all out on how it's going to work in a fox business exclusive. you're watching "the claman countdown."
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liz: special delivery. walmart tag teaming with medical supply drone startup zipline in a new effort to deliver select health and wellness products to addresses within 50 miles of walmart stores. it's going to start next year in northwest arkansas. now, on your screen, what we did was put this together so you could see what the 50-mile radius around a super store in
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bensonville, where the headquarters of walmart are, looks like. it covers arkansas, missouri and oklahoma. joining us in his first and only fox business network since the partnership was announced is zipline's ceo. keller, we knew you when. we have been watching your company and hearing from you and how you have developed dropping fresh blood to areas in africa where they can't have hospitals drive along because there are no roads and here you are, striking a deal with the biggest of the big, walmart. tell us where you are and how this is going to work. >> yeah, thanks for having me. so i'm at our manufacturing facility for autonomous aircraft in south san francisco. you can actually see right behind me, airplanes that are waiting to go out and begin making deliveries to customers here in the u.s. you can also see a couple more being built on this side. so our partnership with walmart is exciting because it's a chance to show how automated
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technology can actually really advance logistics into the 21st century. we think we are going to go from same-day delivery to same-hour delivery and make logistics work in a way that is convenient for people. logistics should work around your schedule, not the other way around. finally, obviously, one of the things that's very exciting from a mission perspective about this partnership with walmart, i know they feel the same way, is that this is a chance to actually make instant delivery work for everybody in the country, not just those people who live in urban centers. liz: i'm wondering about pricing, then. if i decided i wanted delivery by drone because i'm nervous about walking around due to covid or even after there is viable vaccine and i just can't get to the store, i'm too busy, will it be -- have you worked on the pricing yet? >> yeah, of course. so what we did is put together an entire model together with walmart as part of this partnership to make sure this is available to customers at
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basically, you know, similar price if not lower than what your other instant delivery solutions today which are typically using a human driving a 3,000 pound vehicle out to deliver something that weighs two or three pounds. there are more cost effective ways of delivering those kind of products. liz: when will you expand beyond the first couple of stores? >> well, our plan is basically to launch in northwest arkansas as part of this partnership early next year, then we will expand to a few more stores after that. the goal is to expand across the u.s. over the coming three years. so zipline's goal as a company is to be serving 85% of single family detached homes in the u.s. in the next three years. liz: what about beyond health and wellness products? prescriptions? i'm trying to think of how you scale up your relationship with walmart, which is also dealing with two other drone companies, i think they are experimenting with groceries among other
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things. what are the possibilities here, keller? >> you know, from zipline's perspective, the reason we have been focused on health and wellness and health care logistics generally is we think this is a really high impact, important use case where this technology can have an immediate positive effect on people's lives. so this is really where we focused our company. in the long run, it's absolutely the case that this kind of technology, this kind of infrastructure is going to be a key part of national logistics for every country on earth and i think it will absolutely be as useful for general merchandise as it is for health care products today. liz: we've got a hurricane barreling toward the coast of louisiana and eventually, i'm sure some of the wind and rain will hit arkansas or the surrounding regions. have you modeled for bad weather and how would that work and play into the relationship here with walmart? >> that's a great question. one of the things we're most proud of. the nice thing about this is this is not the first time
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zipline has operated on a national scale. as you know, we are operating at national scale serving health care logistics use cases and full national health care system in other countries already, and in those countries we encounter insane wind, rain, storms, every single day. we are quite confident in our ability to respond and provide important products even in an epidemic scenario, even in a scenario where there's out of control weather. these are actually the most important times for logistics to be working for people, not the least important. liz: well, we began with the covid discussion. let's end with it. i know that you have been in talks with government officials in the u.s. and abroad, possibly talking about vaccine delivery. i know we don't want people injecting themselves, who knows if they would get it right or wrong but what would that eventually look like? >> yeah, in fact, vaccine delivery is going to be a huge challenge for all of humanity over the next year. lot of people are talking about
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when are we going to have the vaccine ready, not quite understanding that once the vaccine is ready, there's going to be a massive logistics challenge. the vaccine will require likely negative 94 degree storage or cold chain conditions when being transported. there's no logistics system on earth that's ready to transport that kind of vaccine billions of doses to hospitals and health facilities. so we are working directly with governments to make sure they have the ability to in very precise ways deliver small amounts of this cryogeniccally frozen vaccine to first providers and to facilities where every single person on earth can get vaccinated. another really important consideration is around equality and access to the vaccine. if we want new ways of delivering this kind of health care intervention, this vaccine in an equitable way, we need new technology to do that. that's something we are really focused on with every government we partner with. liz: zipline ceo keller rinaudo.
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if i order some type of health and wellness product, i need you to just by accident on purpose insert chocolate in there, specifically hershey's or milky way. good luck to you guys. >> thank you. liz: very much so. you're welcome. tell the workers behind you, good work, good job. closing bell ringing in 40 minutes. look at the dow, up 170 points. the high of the session, a gain of 250. the low, just 15 points. we are well up off the floor. techies, get ready for your super bowl. you have amazon prime day, apple's high speed event day. and major sales from best buy and target all coming at you at once. what should consumers be watching ahead of super tech tuesday? gary shapiro, ceo of the consumer technology association, he knows and he's got your list next. and we are just hours away from landfall. hurricane delta barreling toward the louisiana coast. we are about to take you live to
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liz: they are already comparing it to hurricane katrina. hurricane delta shuttering energy production in the gulf of mexico to the lowest levels in 15 years. nearly two-thirds of the region's nat gas output, offline at this hour. no surprise that natural gas is jumping 4.8% right now. so when you put it all together, we're looking at a loss of some 1.67 million barrels and that's just of crude per day. the most since hurricane katrina in 2005. for its part, crude is actually falling by 1.5%. delta is supposed to make landfall in lake charles,
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louisiana this evening. if it does make it right there to lake charles, that would be the first time ever that a major hurricane hit the same area twice in the same hurricane season. hurricane laura, you may remember, made landfall in the area just six weeks ago. let's go live to lafayette, louisiana, where steve harrigan is bracing for delta. what do you see there? reporter: steady rain right now. as you can see behind me, most of these buildings are already boarded up. people who can get out, have been getting out even though traffic has been pretty tough on i-10 with people trying to escape. you are really hitting the nail on the head when you talk about two hurricanes in the same space, in just six weeks' time. you have in louisiana already more than 10,000 people who are in hotels from the storm six weeks ago. a lot of tarps on buildings as well, lot of debris still along the roadside. southwestern louisiana got hammered six weeks ago and is getting hammered again. there is some help in place, though. several hundred power workers from duke power are already on the scene, ready to deal with
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power outages. more than 500 members of search and rescue teams also ready, they are specialists in dealing with people trapped in collapsed buildings or trapped by water. the national guard also ready to go. they have got several hundred high water vehicles as well as boats and helicopters. so it's going to be a busy 24 hours here in southwestern louisiana. back to you. liz: steve, good luck and stay safe. thank you very much. again, just a couple of hours from now, we are supposed to see landfall. let us now get to ashley webster for today's fox business brief. ashley? ashley: thank you very much. microsoft with a slew of headlines today. the tech giant announcing it is working on bringing its x-cloud streaming service to ios in early 2021. it was initially only for android devices. microsoft also allowing staff to work from home permanently. this after initially saying it
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would not reopen offices until 2021. of course, let's not forget it's a new partnership with gamestop announced just yesterday. shares of gamestop up again after surging 44% yesterday. google's self-driving unit waymo has finally opened its driverless taxi service to the public. the taxi service is available in phoenix, arizona. by the way, it will be expanded in the coming weeks. and ebay spiking for a third straight day after getting a price target hike. ebay is benefiting from increased growth in search traffic but they are concerned about a potential pullback after covid-19 subsides. we are just 49 days away from black friday. mark it down. that of course the official kickoff of the holiday shopping season. what will be the hottest items on everybody's shopping list? consumer technology association ceo gary shapiro will have a
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so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. . liz: shoppers, on your mark, get set, and get ready to spend. super tech tuesday is now just four days away. apple's high speed event where they're supposed to unveil a whole bunch of phones, 5g capability, it's colliding with not only amazon prime day but retailers best buy and target. they don't want to be left out of the action, so they have announced their own two-day rival sales events to compete with amazon's long-awaited deal blitz in a very early kickoff to the holiday shopping season. but which items are going to be
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in the highest demand? consumer technology association ceo gary shapiro joins us live with his answers. if anybody knows, you know, gary. you are here first and exclusively on fox business. it sounds ridiculous to say what will be the hot holiday items because it's early october. but tell us what you think's going to be snapped up next week. >> it's great to see you and it's great to be on to talk about my favorite subject. the holiday season is coming early because with covid, we have been buying consumer technology products fast and furious to stay connected, educated and entertained. what will we see? the big one is smart phones. you will get a big announcement from apple on that on tuesday. second is laptops. third are gaming consoles, which are moving up quickly from spot number seven last year. why? because the next generation consoles are coming in. the all-time favorites, big tvs. people love their big tvs and
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they are a great value. then there's wearables. whether it's watches or other devices, measuring everything we are doing, that's where we are. those are the big five for this holiday. liz: i want to tackle smart phones, because we have the unveil next week by apple, but we also know that there are galaxy, samsung, foldable phones that are pretty cool. they are all touting 5g, that's a chicken and egg issue because i don't think that much of the country is prepared for 5g. you probably know more about that. but wedbush analyst dan ives, friend of the show, has been calling for an iphone and smart phone super cycle. what does that mean to our viewers and the stocks they own? >> well, we expect an eight-fold increase in 5g smart phone sales for 2020 and that is an amazing jump. it's really a big deal. we are expecting about 14 million phones.
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what we're seeing is around the country, 5g is developing, people want it. it has not only ultra-fast speeds but low latency, you can get a lot of download very quickly. every ten years there's been a new g and this is, we started in 1980 with 1g and then every decade like clockwork there's a new one. 2020 is the year. you could go to map digital trends online and you can see where your city stacks up against other cities. but this is coming quickly. we need the suburban and rural buildout. we need a federal government that's behind this, as the obama and trump administrations have been. we got to eliminate the local laws that discourage it. we will see a lot of 5g and we will be talking about smart phones in a few years and they will all be 5g. liz: i want to flip over to amazon. prime day is always very big. jpmorgan has thrown out a number. they say it's expected to generate $7.5 billion, like the
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gdp of some small nations, revenue, right, up from $5.3 billion last year. do you agree with that analysis? i thought people were hurting for money and are nervous. is this very much part of what is now a covid spending super cycle where people are building up their home offices and their home classrooms? >> it is a buildup because of covid. we have done our own research and found that 60% of american consumers are now buying more online than they did before covid. they are also going to streaming more than they are traditional services. there's a tremendous shift in consumer behavior that will last and it's because we are working from our homes, we are spending more time in our homes, we are doing a lot of stuff and these products are a value. today i was at two different stores, one named best buy, and boy, there's a lot of stuff moving through those stores quickly. people are coming in, if they want curbside pickup they can get it and you could go online and get it through amazon, of course, but there's a lot of
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alternatives. there are good stores as well. it's coming in every channel right now. that's a good thing for consumers because what a great investment, the value is there. you talk about how much cost per hour of usage, there's nothing better. liz: what do you make of best buy and target piggybacking on amazon's prime day? it's rather interesting, is it not? do you expect more retailers, particularly in electronic space to actually jump on this band wagon? it looks like sort of a quaint thing to think back on black friday. we don't want to wait until the end of november. >> well, what we're seeing, next year i think there's less emphasis on thanksgiving because people are wanting to take off and major companies are being responsive to that. i think you are going in earlier because it's getting colder. people want to go inside, they want to take advantage of that. i think there's nothing wrong with that. i think you're spreading out the fourth quarter now to mid-october. that's a good thing for everyone. it reduces crowds, the people
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who shop at the very end may not be getting the same amount of choice as those in the beginning. liz: this would have been my 14th year, this coming january, covering the consumer electronics show which is your bailiwick, your baby, your super bowl. it's going all digital due to the pandemic. how are you going to do that, gary? because so much of it, i sat there and i have demonstrated, i folded things, i looked at all kinds of toys, i have jumped all over. there's gorilla glass which is on everybody's smartphones made by corning. there's the little item where you could make the barista phone with your own company logo. how are you going to keep up the energy this next coming ces when we are unable to demo this stuff? >> we thought the right thing to do was make it an all digital event and it is going to be an exciting one. we have already announced verizon and amd, obviously big
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in the news, mary barra is our keynote. but we are also having a series of shorter presentations, exciting, we are allowing exhibitors to interact directly. we have seen tremendous exhibitor interest in going forward on this. it's a transitional event so we have the hybrid event in 2022 but that community will still be there and the advantage is that all the people from around the world who wanted to go there before will be able to go. they will be able to turn on their computer, register and go. if they registered early enough. that's something we are working very hard. we are going to announce some major -- several major announcements about that. we are also going to extend that event a week later, we extend it for many months beyond so if you want to go online to see what a company has said and how they present themselves in a video, you will be able to do that. that gives us more of a platform throughout the year going into the next event where we hope i will be able to see you
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face-to-face again. liz: i know. it's easily one of my favorite shoots and it's unbelievable in las vegas. i do look forward to that in 2022. let's hope, right? gary, thank you so much. >> thank you, liz. liz: of course. count on us digitally as well. good to see you, gary. gary shapiro, cta. closing bell ringing in about 19 minutes and the dow moderating just a bit. we are still up 135 points. look at the small caps, up eight points. gold up 38 bucks right now. markets holding on to at least hopes of some type of stimulus deal. we talked about that all week. but could the white house's new proposal be too rich for republicans' blood? charlie breaks that story next. we've got a media superstar on this week's edition of my everyone talks to liz podcast. why did hollywood executive producer, the guy behind the
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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, using his film company to transform lives and bring powerful stories to the big screen. he even got margot robbie on board for the true story of an inmate who fought the california wildfires but was denied the chance to join the fire department after she served her time. tune in on spotify, apple, google, wherever you get your podcasts. we'll be right back. charlie breaks it next. stay restless with the icon that does the same, the rx crafted by lexus.
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liz: we have this news from broadway. the lights will be out on broadway for just a bit longer.
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the broadway league has now confirmed that performances will not resume until at least june of 2021. that's more than a full year since in-person productions have been closed due to the pandemic. this june 2021 date, by the way, does not actually indicate when productions might restart, but rather determines when they will offer refunds and exchanges. that's an important distinction, folks. the stalled heroes act includes a save our stage bill which would authorize $10 billion in grants to live venue operators to help with rent for their theaters, payroll and other expenses they have incurred during the shutdown. all the performers, can you imagine, musicians, actors, everybody. it's very tough times on broadway. let's get to this issue of bailouts and certainly packages that will help people. suddenly, we are getting this news. president trump is expected to hold a live event tomorrow at the white house, after trillions
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in spending pre-pandemic so not even pandemic, pre-pandemic spending has some senators waking up from the spending stupor and deciding they are now worried about the nation's debt and deficit. the newfound concern comes at the expense possibly of both jobless americans and perhaps some re-election hopes. charlie gasparino. charlie: liz, you never know what the president might announce tomorrow. for all i know, mitch mcconnell has twisted enough arms to get gop senate approval of this new covid stimulus bill. it's $1.8 billion stimulus. but as of a few minutes ago, me taking a survey of my sources who are plugged in with the gop leadership, with key members of mitch mcconnell, the speaker's conference, it's a no go. that at least as of now, and again, maybe mitch mcconnell has a way of twisting arms over the
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next 24 hours, where president trump tomorrow will announce that a deal is at hand. but as of now, from what i understand, the gop senate does not have the votes to approve this package. again, it's one thing for the president to want this. it's another thing for nancy pelosi to want this. but you've got to get gop senators and it's a mixed bag out there to get enough of them. here's the issue, i think, from their standpoint at least the way it's related to me. number one, they are worried about the deficit. we have a deficit debt from what i understand approaching $4 trillion. that, you know, it's probably going to go up from there when all is said and done. number two, some gop senators believe there's money still out there sloshing around from past stimulus bills. the ppp funds, that low interest loan for small businesses fund, has not been depleted. there's still more of that. number three, they believe the
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economy's improving. how much more debt, bang for the buck are you going to get by doing this. and i think number four, is kind of the big one, even if you pass this plan, the impact of it just from a gdp standpoint and unemployment standpoint is not going to be felt until after the election. so maybe it's better to wait on this thing after the election, because you are spending money on something that may not do much and you are going to get very little bang and you could get little bang for the buck, because at some point, you know, just spending the money is pushing on a string, a lot of gop senators believe. that's where we are right now, liz. as of now, you know, the president could bang his, you know, pound his chest all he wants and you know, it's really up to the gop senate and mitt romney doesn't like it and marco rubio, from what i understand, is not crazy about spending more
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money. maybe targeted stuff that they were talking about in the past but this grandiose bill as of now, again, this could change, as of now, mitch mcconnell will have to put guns to people's heads to get them to do this. maybe that's what he'll do. back to you, liz. liz: maybe some republicans are starting to act again like what the traditional fiscal conservative used to look like. we shall see. thank you, charlie. charlie gasparino. closing bell, okay, nine minutes. nine minutes until the end of trade for the week and it looks like a gain here, folks. up 125 points. we are on track for our best weekly gain since maybe july, maybe august, depends on what we shall see. by the way, racking up portfolio gains. even if your stocks don't move. how do you do that? up next, our "countdown" closer has three dividend plays he loves right now.
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♪ ♪ liz: four and a half minutes before the closing bell rings, right now markets are on pace to close at their highest level since september. second for the week. the dow is set for its best week since august while the s&p and nasdaq are seeing their best week since july. and by the way, the dow is now, ashley, it has erased all of its year to date losses. just as phil flynn said at the top of the show, liz, if you fell asleep on december 31st and you woke up now, you'd say nothing happened. [laughter] ashley: nothing happened. if only. yeah, liz. the top three performing sectors on the s&p this week have been energy, technology, both up 5%, and health care up 4.5%. as for the individual winners, you can see them on the screen there, you talked about earlier up 18% maybe being bought by
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amd, tapestry, the luxury goods retailer up 16% this week, has brands such as coach and kate spade, a number of rating agencies have upgraded the stock. price targets as well on the belief that luxury goods retailing is starting to come back. and quickly an ag chemical company, corteva, star ambassador value says surging price on this could go up as much as 90% thanks to margins growing. that's why we have now, let's get to those weekly losers. it should say winners at the top there, by the way. there you go, here are the losers. domino's, what? down nearly 10% for the week. the pizza company had its best same-store sales growth since going public back in 2004, but the company says it has spent $11 million on covid protocols. that hurts the bottom line of. dish network down 4%, down 22%
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for the year. it's hard to keep subscribers in the age of streaming, and amgen, the biotech company down 3%, nearly 4% on a downgrade from an analyst who cited disappointing trial results of amgen's heart a failure treatment. some winners, some losers. it's been a strange, strange year, to say the least, but, hey, we get there. we've wiped out all of our losses for the dow for the year, liz. liz: yeah, how about that. ash, thank you very much. time for power picks for your portfolio. with interest rates, as you know, near zero, the hunt is on for yield. the utilities space may be the place to plug in, so let's bring in hennessey gas utility fund's portfolio manager ryan kelly. give us your top three names here. >> sure. thanks, liz. three names we own in the fund, we've owned for many, many years, w e c energy, at las energy and chesapeake utilities.
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all three of these stocks are utility stocks. they all have very nice dividend yield withs, but what's more important is not just their current yield today which, of course, is much better than the s&p 500 or better than the ten-year treasury, but the fact they're growing these dividends at almost 7-10% per year over the last three years, and we think that's going to continue, 6-8% over next two years as well. solid companies, not tied to the price of the commodity. not tied to exploration and production, not tied to natural gas or oil in that way, the price. but, rather, the more the meter spins for these companies, the more earnings they're making. and so we think, you know, it's a good place to look for opportunity. if you don't want to own only the fang stocks out there, or as we like to call them, the mount fang, you should probably add in microsoft and tesla to that. if you don't want to look at those, this looks like a good place to look.
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liz: lovely to have you, ryan. ryan kelly looking for dividends for you. what ad friday. we see gains across the board but still a huge question mark about a new stimulus package. that'll do it for "countdown," have a great weekend. connell: it's a good way to end the week, stocks on the rise here for the third day in a row. it started when larry kudlow came out and told fox business president trump had approved a revised stimulus package, but we are still waiting for the details on that. welcome to the show, everybody, or i'm connell mcshane, this is "after the bell." look at the dow, we're now positive for the year with today's 161-point advance. the major averages are closing today at their highest levels since early last month. much more coming up and plenty of news to cover in general here on a friday. fox business team coverage to start you off this hour with lauren simonetti on the markets, hillary vaughn

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