hi, everybody. welcome to "the claman countdown." we have breaking news. the 2020 presidential candidates are charging ahead on the campaign trail at this hour, with just seven and a half days to go until election day. all right. you can see president trump's plane on the left-hand side of the screen, wheels down in lansing, michigan. he's about to speak at any moment. he's got campaign rallies in wisconsin and nebraska later. democratic challenger joe biden, in georgia, speaking right now in warm springs, and holding another rally in atlanta a little bit later. we are about to get you the latest polls in each of those

crucial states. markets are proceeding very cautiously. they are mixed at this hour after the dow's 650-point monday meltdown. we are only adding to that right now. getting a little uncomfortably close to lows of the session. we are down 185. the low is a loss of 196 at the moment. you can see the s&p is down seven but the nasdaq is holding on to some green here, up 50 points. no surprise, then, that mega-tech is powering the market's leaders. could all that change tomorrow, when the top brass from facebook, twitter and google face the music in what is expected to be a contentious capitol hill hearing? senator roger wicker is the chairman of the senate commerce committee. he will tell us what he needs to hear from mark zuckerberg, jack dorsey and sandar pichai. and breaking news out of t-mobile. forget telecom and 5g wars. t-mobile just launched a dual

attack on cable and streaming leaders. t-mobile's ceo is here to unveil his brand new weaponry of offerings that has the stock moving higher at this hour. and here comes the snow. the pandemic created a drive for the great outdoors. you know that. during spring and summer. atvs and motorcycles and boats, speeding out of the showrooms. but with winter bearing down, will the blockbuster sales we saw then see slowing or skiing along? we will gauge the temperature with the ceo of snowmobile giant polaris. we have this fox business alert straight from the campaign trail. take a look at lansing, michigan. president trump is set to deliver remarks at a campaign rally at the capital region international airport. what he will do is walk off that plane and the crowd is right there. he then heads to west salem, wisconsin and omaha, nebraska for two more events. vice president joe biden just finished up remarks in warm springs, georgia, where he is

focusing on crises that are facing the country. he will head to atlanta later for a drive-in event. where do the candidates stand in the latest polls for each of these crucial states where they are visiting right now? let's start with michigan. a new poll by the university of wisconsin and yu yougov has biden leading 52% to president trump's 42%. the same poll organizers have biden leading by 9 points in wisconsin, 53% to 44%. and a university of georgia poll released yesterday reports biden and trump are just about neck and neck, 47% of voters preferring biden at this moment, 46% favoring trump, which is pretty stunning for a state that hasn't turned blue since back when president clinton was running for president. could it all come down to one county in nebraska? nebraska along with maine does

not follow the winner take all rule under the electoral college and actually distributes votes based on the winner in specific congressional districts. nebraska's second district is the one to watch. according to a siena college/"new york times" poll, joe biden holds the lead by seven points, 48% to president trump's 41%. at this hour yesterday, during this show, remember the s&p was suffering its worst loss in a month? right now, the s&p is just tacking on a few more points to that loss, down about six points at the moment. the nasdaq, though, gaining, now up 56 points. with election day exactly about a week away, the only guidance we can get is by looking back in history. so we saw this. since 1944, courtesy of sam stovall, with dates left before all those election years since

1944, the s&p rose 89% of the time with an average gain of 2.5%. while the odds from that number, yeah, they appear to be in thes' favor. we know 2020 has been a year like no other. let's turn to our floor show traders and hopefully you guys have deeper insight. phil flynn, i will start with you. you will at 89%, pretty good odds. we have endured a very odd year. what do you think? >> i think you should get, just because we are through the uncertainty, whoever gets elected, we will get a bounce. the initial reaction as we saw from the last election could be a little scary, you know. of course, when it looked like donald trump was going to win, we went limit down on the stock market, then it was time to buy and that was the low for the year. i really think over the long run after that initial reaction, you got to look at what stocks are going to be, the leaders, what stocks are going to make good opportunities. it's going to come down to who wins this thing, right?

we know joe biden is not energy's friend right now and energy has really been under a lot of pressure. if donald trump pulls out the win, i think energy is really going to benefit because they are fighting not only the markets, covid-19, they are fighting fears of regulation. that's got those stocks down. take a look at a biden victory, green energy stocks are going to do a lot better. he's more of a green energy guy. you also look at the credit card stocks. joe biden, the laws he's made, he's made it harder for people to declare bankruptcy in a credit card situation. like it or not, that's probably good for the stock. joe biden probably good for mastercard and visa and all of those. liz: this is why we love our floor show traders. phil just gave us some real insight into what could happen, could doesn't necessarily mean will. jon corpina, whatever happens in the next eight days, should investors ride the wave or sit

on the beach and watch the waters roil until then? >> i just want to add one more thing to phil. let's talk about tech real quick. rewind to pre-covid and the major headline was u.s./china relations and tariffs. as we saw that unfold and got closer to deals, we saw the tech sector perform much better as that went along. so if president trump gets elected, i think that's coming back to the forefront. u.s./china deals, we will see the tech sector move there. if mr. biden gets elected there might be a selloff in a short period of time. what do investors do at this point? we have to get through this uncertainty period. we know when we will get through this uncertainty period. volatility is going to continue in this market, expect that. we like to look back at history, look back at trends, but i think learning from 2016, you can't really rely on that all too much. so right now, i think people need to position themselves accordingly, knowing that we are going to see this volatility. but that's okay. the dust will settle. we will get through this. there will be a winner and there will be a plan coming from

there. once we know that, then i think we will continue to see our markets move higher because when you strip away politics from our economy, our economy continues to be strong moving in the right direction, but we cannot forget about this global pandemic that is hovering over our country and our world at this point. we are going to have to get through that. the next three to six months are going to be difficult. liz: that is way more important than two people running for office. you've got to believe in american business and american ingenuity as we fight to get this viable vaccine. phil, jon, great stuff. thank you so much. we've got a fox business alert here. advanced microdevices, did they just overpay to become a major player in the data center microchip game? shares have been falling all day after announcing it's buying xilinx for $35 billion in an all-stock deal. about an hour ago, amd was down 4%. now it's down 5%.

xilinx is up 7.6%. here's the deal. the deal values xilinx at $143 per share based on certain technical metrics. right now, it isn't even there. it's at $123.31, which is certainly good for amd because you don't expect to have some other white knight or somebody else come in to try to bid for xilinx but that price of $143 is a higher one than what analysts were expecting or thought would be commanded. the merger's the latest in what has been major consolidation within the semiconductor industry. let's check dow components right now. merck beat third quarter profit and revenue estimates but says the pandemic will impact full year revenue negatively. merck is down just about half a percent. caterpillar taking a bit of a bigger hit, down 3.6%. sales fell for caterpillar as demand for heavy machinery dropped. then to 3m, down 2.6%. minnesota mining and

manufacturing topped wall street estimates on demand for its n95 masks but the company did not give any forecasts for full year 2020. microsoft out with results less than an hour from now so you've got to stay tuned. we will be watching that very closely and what about the aptly named ticker symbol wifi? that's surging at this hour. that goes with boingo wireless. oppenheimer raised the stock to outperform on the premise that they will sell part or all of their business to towers or a private equity firm. the firm says boingo has some very attractive wireless assets. right now the stock is looking very attractive, another near 8% to the upside. check the dow jones industrials. we are now down about 200 points. while boingo bounces, t-mobile is taking wireless to a whole new level, taking aim at not just its competitors, but at

streamers and cable giants. cable, really? its ceo is here to share his vision with today's pretty significant rollout of what they're calling t-vision. this is a fox business exclusive. you got to hear because it's moving the stock. with the closing bell ringing in about 49 and a half minutes, and the dow still struggling at the moment, we are down about 194. "the claman countdown" is coming right back. when i was in high school, this was the theater i came to quite often. ♪ the support we've had over the last few months has been amazing. i have a soft spot for local places. it's not just a work environment. everyone here is family.

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liz: t-mobile stock is on the move. t-mobile has been known for gutsy attempts at tripping up competitors in telecom land but two hours ago, t-mobile stuck its foot out in an effort to face plant cable operators and streaming players. t-mobile unveiling t-vision, a suite of channel choices with varying prices and different bundles. the nationwide rollout begins sunday. as we understand, it will offer three different services with a menu of viewing options depending on what you pick. prices start as low as $10 a month and move up from there and customers, this is what's

creative here, customers can customize everything from news and sports, comedy, lifestyle and drama but did t-mobile also just fire a volley at amazon fire and roku as well with a new device called the t-vision hub? let's bring in t-mobile ceo, mike sievert, in a fox business exclusive. mike, you guys are swinging at everybody here. the cable guys, verizon, at & t, chrome, fire stick, roku. who should be most nervous by what you just announced? >> well, that's what we do. we take big swings for customers, you know. that's what today's news is all about. a big announcement, tv done right. of course it's the cable we are taking on here. that's who should be most nervous. these guys have a tradition of overcharging everybody and it's a dirty old trick to make you buy and pay for things you don't want just to get the things you do want like live news and sports. you know, we have a comprehensive live news and

sports package, including fox business, by the way, starting at just $40 a month. so this is a big day for tv watchers. tv has never been more relevant than this year. liz: i did misspeak. i'm sorry. you're right. starts at $40 per month. that would give you what's called live. that's the news and sports, 30 plus channels, for another ten bucks, i understand, you get a bunch more channels here, another 50, you get all kinds of things. this is actually less than youtube tv, correct? i guess you are taking on google, too? >> well, it's a lot less. we have seen so many price increases in the streaming space and what's happening is people are bundling more and more in. when customers want just the opposite, they want choice. you said it right, one of our choices is $10 a month for entertainment packages and reality tv and dramas, things like amc and comedy and discovery, all those basic cable channels for just $10 a month.

then live news and sports starting at $40 and going up to $50 or $60. for $60 a month, you get nfl red zone, nfl live, golf channel, all the big news networks. it's amazing. over at cable, the average bill just for the tv part is $190. that's nuts. liz: i'm glad you came right out and said you're taking aim at the cable-opoly. you're also looking at an opportunity to swing at everybody. that's what you guys have always done, even when ledger was in charge. you guys are going down with the fists. how do you scale up adoption, mike, when a lot of this real estate has already been snapped up? when it comes to people in their homes, there's a joke, this laundry list of all the streamers that people have and there is that sort of fatigue, is there not? how do you get their attention

when you are really talking about looking on the small mobile screen? >> you're absolutely right. people are either stuck with traditional cable, that's about two-thirds of tv households, either because they want live news and sports and think they can't get it elsewhere, or because it's all so confusing. if you have to macguyver your own solution and there's different apps and wires and boxes, what t-mobile does is simplify everything and allow you to escape the big cable doupoly that's overcharging you and making you buy all the channels you don't want just to get the ones you do want. streaming is popular but we are here to unify it and simplify it. we have thousands of stores and tens of thousands of people to help you so you don't have to speak chat-bot just to get some service. liz: yeah. yeah. i'm old, i'm still watching red zone on my big screen tv because i got to see my cleveland browns. i was going to say lose, but

they have actually been doing incredibly well. i think about the quibi failure recently. they found pretty quickly that original programming for mobile devices was not going to sell. what kind of sense do you get that mobile viewers are somehow underserved that you have made this big investment to come out with t-vision and live and vibe and t-vision hub? >> we think most of the viewership will be on big screen tvs. i think that's right. this is tv. it's tv done right. it's right there next to your netflix and all your other favorite streaming services and it's for your big screen tv. this launch, we are automatically already compatible with apple tv and fire stick, google tv, android tv and of course, our own new t-vision hub. so it's for all those big screens but also your ios and android devices. that's what makes this great. it's simple, it's one app, it's one bill, one log-in, and you get it all.

liz: before we go, really quickly, 5g. verizon came out and you know, hans vestberg, the ceo, got to be right there onstage with tim cook at apple for the iphone 12 and pretty bold statements that we are the ones who are the leaders in 5g. what does t-mobile have to say about that? >> well, what did the street have to say about it? nobody really bought it. while he was onstage his stock went down and ours went up. what happened was this is the firing gun of the 5g era. this launch of the apple iphone is the firing gun. we are going to lead through that 5g era and everybody knows it. let's face it, verizon led through the 4g era. they got out right away with the first lte network and set the terms of network competition for that decade. that's what we're doing for the 5g era. do you know as we sit here right now we have 1.4 million square miles covered with 5g? that's more than at & t and verizon combined. we are way ahead and not just

with broad 5g but with high capacity deep 5g that's many, many times faster than lte. we are off to a big transformation here with apple's launch and only one company is in the lead. it's t-mobile. liz: i thought john ledger talked smack. you may take the trophy from him. you are bold and you are out there as a competitor. it's great to see you. please come back on. we will be watching t-mobile. the stock is up about 1% right now on this new news of this suite of offerings and we will be following it. mike sievert, ceo of t-mobile. >> great to see you. liz: while 5g and streaming wars heat up, the weather is definitely cooling down. snow is coming and in some cases, here. but with the pandemic still in full swing, will the panic buying that we saw during the summer for outdoor recreational products see the same boost this winter? we've got the ceo of polaris and will ask if his snowmobiles will

be flying out of the store like his motorcycle and atvs did during the covid quarter. closing bell ringing in 38 minutes. we'll be right back.

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liz: here comes the snow. winter storms already dumping the white stuff across the northern states. minneapolis-st. paul just set a new record for october snowfall after nearly eight inches fell last week. snow's early arrival has triggered the start of winter sports season but with an asterisk. the covid effect. ski resorts including vale resorts are updating operations to adhere to state guidelines for social distancing on the slopes. they are down 1.5%. last march, all colorado ski resorts were summarily closed after eagle county, which does encompass beaver creek and vail

among many other resorts, showed the highest number of infections in the state. what will this year bring? to the man whose company is a leader in winter weather adventure vehicles, polaris ceo joins us in a fox business exclusive. scott, welcome. during the summer, we covered this. you guys had wait lists for atvs and other products and vehicles because people were so done with being cooped up during the lockdown. what kind of demand are you seeing now for your winter products? >> you know, thanks for having us on. i will tell you that demand for our summer products continues to be incredibly strong even as we go into the fall. the early signs through september and early october for snowmobiles are really just as strong as our offroad vehicles have been. we are expecting a really good year. a lot depends on snow. as you commented earlier, we had record snow already in minneapolis and record cold temperatures in wyoming. it bodes to be a really good year for snowmobiles as well. liz: tell me what's behind you there. what is that product, how much

does it cost, how many people are ordering it? we need some detail here. >> you know, we are really fortunate, the team has worked incredibly hard over the past decade. we are the market leader in offread vehicles. this is our pro xp, top of the line razor, our sport rec vehicle. retails for about $22,999 and it is all the fun and all the power you would ever want to have. that's the top of the line vehicle. i think as you can see, we are going to continue to invest in this type of thing and bring customers more of what they want for the trails and the dunes. it's just an exciting time. the man who runs that business for us is really driving tremendous innovation, not only in the vehicles themselves but also in how we engage with our customers and how we bring more people into our dealerships and it's an exciting time for the offroad vehicle business. liz: these are big ticket items. can you give me a ballpark price on that and what is the basic profile of the customer you have who is able to do that right now? >> well, this is about just a little under $23,000.

what we are finding is many families are coming into the dealership and as you mentioned earlier, looking for a chance to get outside, to be social distanced and enjoy, you know, a ski resort doesn't have quite the same ability. you get out on the trails with our vehicles, you don't really have to worry about social distancing too much. so it really is a safe and effective way for families to get out and that's really what's driving a lot of demand. but we are also seeing women and other demographics come in and drive a lot of our growth. so retail sales were up about 15% in the quarter and much of that growth is coming from new customers coming into our dealerships. liz: you reported earnings today. you beat third quarter earnings and that's no easy feat considering these are, you know, big ticket items here as i said. but how did polaris pivot in the earlier stages of the pandemic not just, you know, to offset the impact but to actually, you know, keep your supply chains going? you get materials from all over

the place, do you not? >> we do. we are a global manufacturing company. we have a global supply chain. i'm incredibly appreciative of the entire 14,000 employees we have and the work they've done. in our first priority, when the pandemic hit, was to keep our employees safe. we have done a really good job of doing that. but next we have to really work with our supply base to make sure we can get those parts in and you know, every now and then we have ports shut down for hurricanes and some of our suppliers couldn't ramp up quite as fast as we would like, so we have had a little bit of struggles in the manufacturing plants but we are really seeing good momentum right now and we are starting to get more products into our dealerships, and the more we get, the more they can sell. that's been good. but ultimately, just a really solid team effort to make sure that our suppliers are able to get the parts into our factories so we can build the products that our dealers and customers want. liz: great american company. i think your first snowmobile was built in 1955. that's what i was looking at on your website.

great video of snowmobiling. makes we want to do it. scott, thank you. good luck to you guys. appreciate you come on. scott wine of polaris. the stock is up about 1% right now. tech titans, these are the stocks that have made a lot of you guys a lot of money. they are going under the microscope tomorrow. the ceos of facebook, twitter and google will face the senate commerce committee. the chairman of that committee, senator roger wicker, is here for an exclusive preview ahead of it. we are headed straight to the hill for a fox business exclusive with senator wicker and with the closing bell ringing in 28 minutes, dow jones industrials off the lows, down about 145. the nasdaq, interestingly, is continuing within these last 32 minutes since the show began to add to the gains, now up 81 points. "the claman countdown" coming right back. businesses today are looking to tomorrow.

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liz: breaking news. we just got our hands on written testimony from the ceos of facebook and alphabet, two of the three ceos who will tomorrow face the senate committee hearing. all right. this is from facebook. facebook's mark zuckerberg is saying, we can put this quote here, we believe in giving people a voice even when that means defending the rights of people we disagree with. free expression is central to how we move forward together as a society. and literally, within the past couple of seconds, we got alphabet ceo sundar pichai's remarks. quote, we recognize that people come to our services with a broad spectrum of perspectives and we are dedicated to building products that are helpful to users of all backgrounds and viewpoints. he will join twitter ceo jack dorsey and as we said, facebook and google ceo on capitol hill in just about 18 hours.

the three will face questions on whether the communications decency act which was passed back in 1996 known as section 230 needs to be updated to reflect the way the world has changed and we are talking about the internet and all that's swirling around there. let's check in on the three stocks, with just about 30 minutes left to trade. we are, actually, it will be about 20 minutes here, we are higher for all three names with twitter seeing the biggest gain, up about 4.6%. senator roger wicker of mississippi is a republican senator and chairman of the senate commerce committee, hosting tomorrow's hearing. he is also the co-sponsor of a bill to update section 230. he joins us now in a fox business exclusive ahead of the tomorrow moment here. senator, thank you for being here. what is your new mexiumber one r tomorrow's hearing? >> well, we would like to question these three ceos because they actually are among the most powerful people in the

country, if not the most powerful people on the planet. if you control the flow of news, if you control the flow of information, you are indeed powerful and it's good to hear that their testimony tomorrow will embrace even-handedness but i think recent examples, particularly this "new york post" story about hunter biden, they just indicate to a lot of us on the right that when it comes to policing what actually gets out to the public and what doesn't, there's a bit of bias on behalf of the liberal point of view and a whole lot more restriction to conservative thought. so that's part of what we'll ask about. but also, let me just say this. i don't want to filibuster but this section 230 of the communications decency act is a provision that both president

trump and vice president biden have indicated should be repealed in its entirety. so it seems to me this liability shield that these three powerful executives enjoy is under attack from both the right and the left, and i think they will be getting questions from both republicans and democrats about isn't it time for this special protection, which they have but you don't have as a journalist, but these internet platforms have special liability protection and isn't it time for us at least to tighten up that language. liz: senator, people know everything that happened in the last couple weeks, it's at the forefront of this actual event and the trigger was the the

request new york po"new york post" had put together this article involving hunter biden, son of joe biden, and a laptop and all kinds of issues swirling around that and twitter did not allow it to be forwarded or shared. that became a real point of contention for quite a few people. so how important will that be and this is really kind of zeroing in on twitter and where does google stand in all of that? they were really part of that issue. >> we will ask google about other examples, but twitter was to me outrageous in their response to that, and i'm sure the ceo of that company will want to talk about that. what they did not only did they refuse to allow this "new york post" story but the fifth largest newspaper in the country, and the oldest newspaper in the country, they did not allow that information to go forward. they shut down the twitter

accounts of people who tried to retweet it. so it was an outrageous overreaction as far as i'm concerned. i think the ceo of the company will tell us tomorrow that we did this, we did that and now that information can go forward. facebook limited it in other ways which were not quite as extreme. but this is an example of someone who is a finalist for the most powerful position in the world, president of the united states, and an allegation that his son sold access to this potential president for millions and millions and millions of dollars, and a couple of folks at these companies decided that information shouldn't go out to the public. liz: that case, then you can look at facebook, where for so long, they were allowing

information to get out there on facebook about -- from holocaust deniers or white supremacy which is just short of inciting violence in many cases, it took them forever to come around and in a way, they brought this upon themselves, this scrutiny on behalf of the u.s. government. but isn't this also a situation where senators may look, you got to say be careful what you wish for. section 230, for people who don't quite understand, basically says no provider of an interactive computer service shall be treated as the publisher or speaker of any information that happens to pass through it. they are not responsible. if you do make them responsible, do you not then risk having the entire system shut down and because they will be so protective, they are not going to let anything out there? >> that's a concern i have. i share that concern. you stated it well.

my proposal would not repeal section 230 lock, stock and barrel. what 230 does now, it allows these platforms to take down anything they view as objectionable. now, to me, objectionable is like beauty. it's in the eye of the beholder. and we need to get rid of that language. if we want to specify advocacy of illegal actions, advocacy of terrorism, self-harm, things like that, that people know the meaning of, i think that would be far better. but when you say whatever someone in some ceo's office thinks is objectionable, that gives them too much leeway and basically the right to censor whatever they disagree with. liz: we will be watching it. we will be carrying much of it. senator roger wicker will be the head of it. we will be really very much involved in this story. we appreciate you coming on here exclusively to talk about it

ahead of time. >> thank you very much. these subpoenas were issued on a bipartisan unanimous basis. so there's concern on both sides. liz: indeed. well, at least some things are bipartisan in d.c. thank you. another titan of silicon valley could be making a major media play. charlie gasparino on the richest man in the world and what amazon ceo jeff bezos wants to maybe buy next. 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.

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and if we win, we get to tell you and doug. how liberty mutual customizes car insurance so you only pay for what you need. isn't that what you just did? service! ♪ stand back, i'm gonna show ya ♪ ♪ how doug and limu roll, ya ♪ ♪ you know you got to live it ♪ ♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ liz: could the new boss of cnn be jeff bezos? the news network and the billionaire may be two of president trump's least favorite things but now there are rumors they could be joining forces. charlie gasparino with the details on the speculation.

what's going on? charlie: that would underscore rumors, for years i wrote the old heard on the street column where you talk to investment bankers about potential deals. sometimes the specific names in the deals don't come out to be true but there is a deal to be made because there's some underlying problems with the asset that needs to be sold. the asset here is cnn. the company that would be selling it is at & t which is facing a tremendous amount of debt. it needs to shed some assets. and it's unclear how much it really wants cnn. we should point out jeff zucker, the head of cnn, may not be there after the election. we have confirmed there is more than a theoretical possibility he's going to leave. not 100%. he still may stay. but there's a lot of talk that he might leave as head of cnn. amid all that talk, there is also talk about cnn being spun off out of at & t, and that's driving speculation as to who would be in the position to buy

at & t -- cnn if that should happen. the name that bankers are talking about who may be interested, according to bankers, i'm going to get into whether it's going to happen or not in a minute, is jeff bezos. as you know, he has a budding media company, not just amazon, amazon does some media stuff, but he's got "the washington post," he's got some other a assets and it would be interest toi ing to see and people are talking about marrying this up. i spoke to someone close to bezos. he's telling me at least as of now, it ain't happening, this is not a deal that's in the works. we should point out this deal couldn't happen now for a lot of reasons. one reason is, president trump not only hates cnn and jeff zucker, he mates jehates jeff b. if president trump remains president next tuesday and he will be in office until january even if he loses, his justice department will never approve this deal. it's not going to happen with jeff bezos. they know that. clearly there's an issue here with cnn. when we first reported this story, my phone was ringing off

the hook from cnn employees asking me about this story, how true it is, how much they would love to be out from under at & t which is a culture unlike anything cnn has been used to in the past. years ago, at & t bought cnn as part of its purchase of time warner. it's a telecommunications company. it is not a media company. it is now in the media company, there's a lot of tension between mr. zucker and his new bosses, including randall stefenson who run at & t. this is not the greatest cultural fit. so when we tweeted -- when i tweeted it, reported this, there were people saying please, please let it happen. the unfortunate thing is i don't think it's happening any time soon. but clearly, bankers are talking. that's what bankers do, right?

liz: that's what they do. charlie, thank you. charlie gasparino. all right. more and more investors believe that a 1987-like stock market crash is imminent, but today's "countdown" closer has the place he says will keep your portfolio safe. crash or no crash. the dow is down 209 points. i'm greg, i'm 68 years old. i do motivational speaking in addition to the substitute teaching. i honestly feel that that's my calling-- to give back to younger people. i think most adults will start realizing that they don't recall things as quickly as they used to or they don't remember things as vividly as they once did. . . . . better life.

♪ liz: all right. we talked about facebook, google and twitter. they are not the only big tech names in the news. microsoft is about to kick off the big tech earnings after the bell. so that would be in about, anywhere from what, cheryl, four minutes until 4:30 p.m. eastern but the stock is jumping in advantages. reporter: they love to keep us waiting that is the fun part of covering earnings. high expectations for fiscal first quarter. analysts expecting a buck 54 earnings per share, revenue of

35.72 billion that would be an 8% jump in revenue year-over-year by the way. analysts keep close eye on the cloud division. covid-19 pandemic and increased demand for microsoft products and services. wedbush analyst dan ives says growth will be in the 50% range as more companies move into a digital work space and use the cloud. in fact he says azure is in the early days. the tailwind could be there for years for that group. "the economist" magazine wrote a story where i thought it was interesting a line in the article said microsoft cannot afford to get azure wrong because it is what drives its share price. as you can see there is microsoft and year-to-date jump, 35%. nowhere near catching up to amazon web services but a lot of way ahead. microsoft is 56.6% of the cloud of infrastructure market. stock is up 56% since march. second most valuable u.s.

publicly-traded company behind apple. we're hear from apple, amazon, facebook, alphabet all this week. big week for tech. back to you. liz: cheryl and i are bolting ourselves to our desks 24/7 this week. reporter: isn't that all 2020 for us, liz? liz: yeah. the best year ever. no. all right. you guys, have you seen the vix, the fear index? the fear index is ticking up to one month high. not a huge jump but 33 points year-to-date the vix is up 139%. a lot of angst and anxiety. robert schiller's u.s. crash confidence index, schiller, brilliant yale whatever, he believe as crash is imminent at any point the rest of this century but today's closer says, uh-uh. dave, what are you seeing here?

>> basically, that is kind of a clumsy index but investor sentiment index and what it says that retail investors are worried. they have every reason to be, just as your intro alluded to. we have rising covid cases at record highs. we have pugnacious politicians we bottom this, maybe we have a vaccine, maybe we don't. maybe we have a stimulus, maybe we don't. they're worried which is fine but it shouldn't inform their investment decisions. the point being made in the article the more worried retail investors is the better the forward returns. so they're underinvested when they're worried so they have plenty of money when they buy stuff and get less worried. liz: you like industrials and you like financials. what are you worried about? we have 20 seconds, between now and election day? >> the big story is about the dollar. what is curious about today metals and mining stocks are up.

bitcoin is up. emerging markets is up. but the market is down but the dollar is up. [closing bell rings] liz: great to have you, david waddle a confidence guy using a lot of s&p words which we love. we're closing at session lows for the dow jones industrials. time for "after the bell." connell: extending losses after the steepest selloff in more than a month. i'm connell mcshane. this is "after the bell." welcome to the show, everybody. it was a choppy session. the s&p and dow around the lows as we close things out. the dow down 221 points. you have a rising number of coronavirus cases. also uncertainty about the election outweighing some of the strong profit reports that came in and positive economic data that came in as well. we'll speak to the chief economist at the white house about those economic numbers. that is coming up shortly. now the nasdaq is higher, up2 points on the strength we