suicide. the media doesn't focus on this. if they do all one size fits all big government approach, only lockdowns, masks, that's not workable for the average american -- charles: we are out of time. i've got to leave liz. i appreciate it. i'm going to hand it over to liz claman, who will take us through the last hour of a tumultuous week. liz? lou: ye liz: liz and liz. unfortunately, we do have a pre-halloween frightfest on wall street as we head into the final hour of trade. on this last trading day of october, stocks are grappling with new record high cases of coronavirus threatening lives, the markets and the economy. look at the dow. down 432 points at the moment. we've got big tech tricking investors as well. amazon, apple, facebook, twitter, disappointing in their quarterly reports for one reason or another. there are a whole bunch of issues here. but before you rush to hit the

sell button, we are getting one of the most widely followed voices on wall street in the chair right now. mohammed el-erian is about to give you the road map for stocks, bonds, volatility, the tech wreck and so much more. make no mistake. we know the election day looming is causing market jitters as well. we are about to take you live to the battleground state of wisconsin. polls there are so tight it's a coin toss. what we are going to do, we will head to milwaukee as both president trump and former vice president joe biden head there for the badger state as well. in the next couple hours, they will both be on the ground but we are already there to give you the preview. and fisker bucking the selloff, popping right now after making its new york stock exchange debut via spac. yes. can it gun the engine ahead of tesla? how tesla is trading right now

may reveal more than ceo elon musk wants to know. we will show you what tesla is doing and we've got fisker founder henrik fisker who joins us live in a "countdown" visual here just minutes before the close to see how fisker does. got to get you this fox business alert. take a look at the nasdaq intraday. why the nasdaq? well, it is taking a far bigger percentage hit than the dow, than the s&p, the russell or the dow transports. we are down 336 points. now down three full percentage points, whereas the dow, s&p anywhere from down about 2%, got to keep your eye on these things because they are a moving target at the moment. but the nasdaq as we said, down about 3%. dow down 1.6%. yeah, you can see the stretch there. there's a pretty big gap. the covid phase two hitting with a vengeance as cases spike globally. add to that the lack of the stimulus package ahead of the election and of course, the tech

sector. specifically mega-techs. they have been what's carried many of your portfolios to recent record highs and now they are getting slammed this week. look at names like apple. we can also talk about twitter. apple down 6% this week alone. twitter down 18%. flip it over to amazon, google and facebook. it's not a pretty picture here, folks. you can see that facebook is down 8.7% for the week. amazon losing 5.5%. alphabet down 1.33%. as we said, hold your hand back from the sell button for a minute. we've got allianz chief economic adviser mohammad el-erian joining us live. thank you for getting in the chair. do me a favor, play the role of shrink for the markets at this very moment. what is going through the minds of the markets as we head into this friday? >> i would say i understand why you're upset. you have had the worst week since march. you've had a second month of

losses. and you know what, your bonds have sold off as well this month. so this is a tough time. investors will feel they are getting hit from all sides. even your favorite names are nursing big losses. i understand why you're upset. i understand why you're hurting. you need to understand why this is happening and you need to maneuver accordingly. liz: dr. el-erian. i'm laughing because we are putting a human face on the markets but all of our viewers really feel this very closely at the moment. specifically when we look at the tech wreck, you see that as a real bump in the road. first, can you give us a road map of what you expect in the next couple of weeks and are these opportunities, because apple right now is certainly losing some steam over the past week, but you wouldn't be buying it at the highs we saw last week.

>> right. we had three very big drivers of this market. improving economy, we're coming back strongly as you saw from the third quarter gdp numbers, policy stimulus and investors confident that the central banks will support us, the fed will support us. the fundamentals are no longer improving as fast because of covid. stimulus is not going to happen. maybe the earliest it will happen is early next year. so investors are relying on just twhoin one thing, liquidity conditions. what happened this week and the reason why tech got hit hard is for the first time, tech started warning about what's ahead. even tech can get whacked by what's going on. so i think this is a repricing. i tell people if you are in names that you understand and like, stay there. if you are eager to buy, wait a

little bit. let this play out. we still have a few more days of real uncertainty. not just the election, i'm actually worried less about the election. i'm more worried about the federal reserve meeting next week and are they going to tell us something significant. wait a little bit because my gut feeling tells me you will be able to pick up good names at better prices down the road. liz: why are you worried about the fed? we want everybody to know the fed meeting is november 4th to 5th. it's that two-day meeting. what is disconcerting about that for you? are they going to reveal what they see? >> they need to do something because the marketplace has been conditioned that the minute it sells off, the fed comes in increasing liquidity. we already saw the ecb, european central bank this week, they reacted by saying we are going to do more and nothing is off the table. they talked about recalibrating, that's the word that our friend, the president of the ecb, madam

lagarde, used. recalibrating. u.s. investors expect the fed to say something but the fed is in a really difficult position. so if the fed doesn't say something comforting, this market will take another leg down. liz: what about bonds? can you give us that road map for treasuries? >> that's the irony, that in a month in which stocks have gone down and people have 60/40 or 70/30 stocks to bonds, they look to the bond allocation and say that at least is making money, in a world in which risky assets went down. the answer is they did not, they also lost money. it tells you we are coming to the point where bonds have been so distorted by central bank action that they no longer behave in the way investors want them to behave. so the only risk mitigator in this world today is cash.

liz: huh. this is fascinating to me. cash because you anticipate maybe there will be better entry points in this and as we finish up, can you just give me a sense because the least worst sector right now is materials, then financials, then industrials. putting aside financials for the moment, materials and industrials, do you feel that that's an opportunity at the moment? >> not yet, unfortunately. the global economy is slowing, europe is going to enter possibly a double dip recession. things are shutting down in europe. and china can't carry the global economy on its own. so no, i would wait and enter tech companies at better levels. liz: tech companies at better levels. all right. but the high for apple this year has been about $137. of course there was a split. right now we are looking at apple at $107. so you know, there's something

here. have a good weekend. thank you so much. perhaps we will see you next week. it will be a wild one. thank you very much. >> thank you. liz: some breaking news, lifting the fortunes of the beleaguered cruise sector. can you believe this? yes, the cruise sector. the centers for disease control and prevention just lifted a no-sail order which was set to expire tomorrow. the cdc says cruise lines can begin phased-in sailings beginning sunday. interesting, considering we are seeing record highs for the covid crisis here. but checking the cruise names, they are the top stocks on the s&p 500. carnival better by 6.5%. norwegian bringing up the rear, up 5.8%. behind that, royal caribbean up about 4.9%. sharpie maker newell brands drawing green after profit topped wall street estimates for a twelfth straight quarter. toothpaste maker colgate p

palmolive also beating on strong demand. colgate basically forecasting a continuation of this good number action due to covid-19 pandemic creating a focus on personal and home care. so newell up 4.5%. colgate up 1.9%. from brushing to eating and drinking, starbucks is lower at this hour. yesterday after the bell they came up with numbers. revenue fell 8% year over year and shake shack swung to a net loss in the third quarter due to the effects of the pandemic. starbucks down about 2%. shake shack down 2.9%. we got an upgrade, icing on the cake for cheesecake factory. the stock isn't responding that well. it's down 2%. but gordon haskett raising the stock to a buy. i need to tell you this. respiratory device maker resmed racing its way to the winner's circle at this hour. demand for ventilators, that's

what they make, folks, off the charts during the early part of the pandemic. what's going on now? we've got the ceo of this covid barometer standing by with his reading on where the hot spots really are as cases spike the globe. we are 50 minutes before the closing bell rings. dow jones industrials down 422. it's the nasdaq that's really taking a hit. 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.

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[ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ liz: folks, i need you to look at the screen right now. gilead and moderna. gilead the maker of remdesivir, the therapy for covid, it is down 1%. moderna, which is working on this vaccine, trying to get that done for the covid virus, is down about 6%. but flip it over to resmed, kicking higher today. it is one of the top movers on the s&p 500, jumping 6.5% right now. after the breathing technology company, read ventilator maker, reported fiscal first quarter revenue surged 10% year over year. they also beat on earnings per share. this of course driven by

increased demand for ventilators and masks due to the pandemic. resmed pivoted to increase its manufacturing of ventilators and bilevel devices by more than three and a half times during the first six months of the covid-19 crisis. fast forward to today. global coronavirus cases, talking today, rose by more than half a million for the first time on wednesday. that is a record one-day increase. this as the united states broke its daily record for new infections just yesterday as it reports more than 90,000 new cases due to outbreaks all across the country. let's bring in resmed ceo mick ferrell who joins us now. good to see you. your numbers obviously reflect a very strong past couple quarters, certainly, because we

were so desperate at that point for ventilators. tell me what you are seeing on the ground right now. i know you have an international business but maybe start with the u.s. first. >> well, liz, firstly, thank you for having me back here on "the claman countdown." it's great to be back. we have had an extraordinary nine months. as you and i talked about 90 days ago, we had huge surges, we made 150,000 ventilators from january 1 through to june 30. we saw an excess of $35 million of sales, over $100 million of ventilator sales in the june quarter. in the september quarter it's declined to about $40 million of excess ventilator sales. as we look forward in the u.s. and the other 140 countries that we treat worldwide, we see that the second waves and third waves, as we saw in asia, particularly beijing and wuhan

and german and france, the magnitude of the second and third waves is below the first wave. so our expectation is thankfully, on a humanitarian basis, the number of patients needing icu and needing ventilators will decline over time. so it's kind of a tailwind for our business that's going away but it's great on a humanitarian basis. liz: well, that's great on a ceo basis. you are able to actually admit that and even if it means that you might not see as vibrant a business, it's certainly much better for the globe. let's specifically talk about how ventilators have worked. what have you learned? because there have been a couple of studies that talk about the damage that people who have had -- been on ventilators for an extended period of time have endured to their lungs. are you changing or altering anything about the actual structure of your ventilators

from learning in a very short period of time through quite a few ventilator patient situations? >> yes. well, as i said, we produced over 150,000 ventilators and many hundreds of thousands of lives have been saved by people breathing through that gift of breath and being able to then with their immune system fight the coronavirus. what we found, you know, nine months into this global crisis, is that there are different therapies that can be used at different levels of acuity for this disease. you can use oxygen flow, high flow therapy, non-invasive ventilation as well as full intubated invasive ventilation. what we're finding is if you start and move up and down that level of acuity you can have better outcomes for the patients and better long-term reduction in costs and improvements in mortality. the damage that has happened for patients that have been on

coronavirus, we believe is damage to the alveoli from the core coronavirus disease, so the mucous is formed through the lungs and there's almost a suffocation that happens internally and there is some chronic detriments to the lungs post the coronavirus. now, we don't know all the details around this yet but we don't believe it's the ventilators causing them as much as the virus itself is damaging the lungs and cardiovascular and vascular and other parts of the body as well. we will learn a lot more about the chronic issues over time but for now, the acute emergency is going away and here at resmed we are going back to our core market of people who suffer from sleep apnea, copd and lung disease as well as ventilators for copd, as well as digital inhalers for asthma and copd. we make digital inhalers and digital health systems to keep people taking drugs out of hospital and happy with copd and

asthma. liz: well, we thank all the team at resmed for killing it during a very difficult time and making those ventilators. please come back again. we would love to follow this story. we'll be right back.

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appears very few investors want to go into this weekend long. we have 30 minutes left to trade in the month of october. you can see the s&p 500, this is a month-long picture. boy, things started off rather nicely on september 30th but you can see after the climb, right around the 21st, we began to fall off. you can see that the s&p is sinking about 1.9% for the month. it will be down about that, about 2 plus percentage points. want to take a quick look at the major indices as well including the dow and nasdaq. you can see with the nasdaq it's not a great picture. we've got it on the lower tier here. mohawk industries, this is a winner here. it's always nice to show a little green on the screen. mohawk is a flooring manufacturer. right now, it is jumping about 9.7%. what did we tell you? materials are the least worst sector right now, but with other home improvement plays like home depot and lowe's down, is the

safest place to hide from these volatile markets still inside the home? to our traders. we are pulling in another floor show here. we managed to corral tom hayes, phil flynn and steve shevaron. okay, tom, give me a sense as you look at even the home improvement guys right now, it's been a really tough month overall when you look at 30,000 feet but are there other best buys to improve your profits that you see at least with about 29 minutes left to trade? >> yeah, liz. well, thanks for having me. the key that i'm seeing here today is that it feels like it's a risk off day. however, when you look at the ten-year yield, it's luactually steepening and the regional banks -- liz: why is that? i noticed that. >> this is not a liquidation. this is a rotation. the market actually traded the exact same way in 2016 in the days going to the election. if you look at apple, amazon, facebook and google, which

reported, they averaged 39 times forward earnings for 31% earnings growth versus the s&p, which trades at 20 times forward for 24% earnings growth in 2021. this is a rotation from high valuation stocks to low valuation stocks, and you hit the nail on the head with mohawk industries because they are going to grow at 37% earnings growth next year, and they are only trading at 11.9 times forward estimates. so you are seeing this move into cyclicals and cyclicals outperform historically in the six months following the election. you have a little breather in tech despite the fact all four beat top and bottom lines. they have their nuanced risks and guidance we went through with the earnings, but you are seeing this performance of regional banks and to your point, building supplies which with 85 million millenials starting housing formation, this trend will continue for a long long time.

liz: steve, you ha've got about $360 billion in assets. you can't tell me you are not at least eyeing or buying something right now. what is it? >> i think it's an opportunity. look, you've got an economy that has exited recession, it's in a recovery, and there's a little bit of weakness here and there may be some uncertainty or weakness over the coming weeks. we agree with the rotation idea and we started buying in august. it paid off and we're going to continue. we are buying value sectors, buying small caps and buying dividends. if you look, since september 2nd, values outperformed by 4.5%. smalls are 5.5% better than large. once you get to january and past the uncertainty and you have a president and stimulus is in place, the fed's still on the sideline and you have further development of treatments and vaccines, it's going to be a really good environment for cyclicals. we would use weakness to add to those positions. liz: okay.

phil flynn, we are ten points away from the session low for the nasdaq. what's going on here? what are you seeing as far as your computer screens and the flows? where people are, if tom is right, tom said it's not a liquidation, it's a rotation. what are you seeing? >> i would absolutely agree with him and both of those gentlemen. that's what you are seeing right now. it is based a lot on fear of what's going to happen with this election. people are pulling back a little bit. i think it's even worse because there's a lot of concerns about covid and more lockdowns. so uncertainty is driving this. where are you going to put your money? you're not going to be putting it into bonds. you're looking for some yield. so there are some bargains on this rotation play. you know, we are going into halloween. look at some of the food stocks, candy stocks right now. they should be yielding pretty good right now. nestle's, for example. tootsie roll, some of the little

ones, will probably hold up pretty good. besides, the grocery stocks i think will do great. if we are going to go to another lockdown, one of the hedges that we saw during the last lockdown were the grocery stocks. they have continued to do very very well. you know, if you look at crowing kroger's, they had a little bit of a pullback. but i do think there is uncertainty about the election, but i think no matter who gets elected, we are going to have a honeymoon period because once we have that certainty, we know forget about the long term impact of some of the policies of the president. in the short term we know the odds are high we will get a stimulus. down the road, if you look at a biden or trump presidency, then americans will take the larger context of what those policies will be and then you will really

see the move. liz: i'm just looking at my screens here. you've got pitney bowe's down 29%. twitter losing 21%. goodyear tire down 15%. i'm wondering is there a common thread here or is it as we said, people just don't want to go in long on a friday? >> yeah. i think what you want to look for is high quality bellwether stocks that are relatively inexpensive. one of the stocks we talked about earlier this week was raytheon. guess what? just this week on the weakness, greg hayes, the ceo, bought over $3 million of stock himself. he wrote a check. a couple of directors bought seven-figure checks worth of stock as well. you are seeing these reasonably valued, high quality stocks and by the way, next year if you look at earnings growth, industrials, materials, financials are all going to grow as fast if not faster than the s&p 500 in terms of earnings growth, whereas infotech will

grow at half the pace of the s&p 500. they have pulled a ton of earnings growth forward into 2020 and in 2021 we will see that rotation. liz: and steve, you talked about what you like right now, some of the dividend players. what do you search for? kind of give our viewers an actual primer. how do you find good quality stocks that pay dividends? you don't just want to pay for a stock that has a high difference debbe divide dividend. it could be junk. >> that's right. you want dividend growth and you want companies that have the balance sheets that even when they are under pressure, they are able to continue to maintain and grow that dividend. another point is when you think about the outcome of the election which is impacting the market, a democratic sweep is unlikely to be very good for tech, both in terms of the corporate tax increase disproportionately hitting tech and if we do raise the capital gains rate, a lot of people are going to want to harvest capital gains this year and where are the capital gains?

in big growth tech. i think that's one of the reasons why you see despite what were pretty good numbers from the big tech companies yesterday, how weak they are today. so where do we like the opportunity? autos, durables, transports, consumer services. there's a play on reopening once we get through what's likely to be a few really rough weeks here. we think you are getting good discounts on those plays. liz: great to have you. steve, phil, tom, good insight at a very tense time. i do want to remind you once again, we are going commercial-free until the top of the hour. we've got about 21 minutes before we hear the closing bell ring. we are now seeing the nasdaq at session lows, just slightly off session lows. we just hit a new one, down 368. we are -- 362, i want to say. we are now down just a few points off that. at the moment, the nasdaq is at 10,827. you can see on the far right part of the screen, that's the

beauty of these intraday charts, you can see the trend and it's gotten a little bit more intense as the markets tumble. we are now just four days away from election day. you just heard steve say don't forget, election day is adding to sort of the stomach acid here. both presidential candidates making their last rounds on the campaign trail. you're looking at a live shot of green bay, wisconsin, where president trump will be delivering remarks at a rally within the next hour. former vice president joe biden also on the trail. he is leaving iowa after a drive-in event. his next stop, st. paul, minnesota, followed by wisconsin. hillary vaughn is ahead of everybody here. she's in milwaukee on the ground. tight race for the badger state. you understand we are looking at a pretty significant selloff so we are going commercial-free. bring in that election part of the picture from both sides. what are you hearing? reporter: liz, we have been

talking to voters all afternoon and the economy is a top voting issue for them here in wisconsin but also in other swing states that both candidates are making their final sweep through, key states that they need to sway their way before election day, and trying to pitch themselves as the best person to bring this economy through a rebound and finally through a final recovery following the pandemic. president trump just wrapped up his first rally in michigan. he's now headed here to wisconsin, going to green bay just an hour and a half north of here, and he made his pitch in michigan on the economy to voters. >> we gave you the biggest tax reduction in the history of our country. that's the good news. the bad news is he wants to give you the biggest tax hike. biden will eradicate the economy. i will eradicate the virus. he will deliver poverty, misery, depression. i will deliver jobs, jobs, jobs.

reporter: biden is covering more ground today than he has all year, three stops. also heading to minnesota and wisconsin tonight. but he was in iowa for his first stop of the day, trying to convince farmers that he would get a fairer trade deal with china. >> ethanol margins have tanked and facilities are idle and even closing. i will do what he's been unable to do. i will mobilize a true international effort to stop china's abuses so we can strengthen manufacturing and farming across iowa and the country. i'm going to hold china accountable which he hasn't for the pandemic. reporter: we are also learning about biden's final two days on the trail before election day. he is spending all of his time in pennsylvania and the reason why that's significant is because he was born there. it's also the state he spent the most time in during this pandemic campaigning, but it's clear he is not confident about his standing there and that may

have to do with a lot of his flip-flops on fracking and a lot of his comments about fossil fuels and the oil and gas industry which employs over 300,000 people in the state. liz? liz: but then you have kenosha, a hot spot of emotion when it comes to these two candidates. there is a poll, i want to show our viewers this, from the trafalgar poll organization here. it is pretty much as close as can possibly be. right now joe biden has a tiny edge, he's at 46.1%. donald trump is at 45.4%. way within the margin of error. so there you are, dead heat. hillary's on the ground there in the next couple of hours. you will be seeing her throughout the fox business shows. you need to stay with us. under armour, let's look at this, it's erasing morning gains. that's how tough a market we are dealing with right now. currently, it is really struggling at the moment after

surging out of the gate, rising as much as 11% intraday. the athleisure giant beating profit and sales estimates as well as guidance forecast. it's down by .25% but it had looked so much better earlier. you have demand for footwear and sweatpants fueling strong quarterly performance but that is rear view mirror, folks. but the news for under armour's spring 2021 line, maybe that's certainly not helping the situation. now delayed and they will miss the key holiday shopping season. athletic fashion wear maker also announcing the sale of my fitness pal to private equity firm francisco partners for well below the $475 million price tag under armour paid five years ago for the fitness platform. under armour struggling to finish the day here. but let's look at rival lululemon. down 3.5%. and gap, why gap? gap is the parent of uber-hot

athleta. i love that stuff. i love alo yoga but it's not publicly traded. i love wearing their stuff. but ath leta is almost the same and half the price. it's very hot but the gap is now, down 1.7%. a joy ride for six flags entertainment investors after the stock was upgraded to a buy, with a price target of $30 a share. we are at $21.49 right now. up 2.7%. been a rough year for the amusement park chain. the stock is down 52% year to date. no doubt due to many closures during the lockdowns. want to see what tesla's doing? you should. tesla's stock, we are putting it up on the screen, down 5.5%, currently under $400 for the first time since september 24th. it's down $22 and change to $387.90. continuing to fall as the day finishes up here. 15 minutes left to go before the closing bell rings.

but this is interesting. fisker, competitor fisker is revving up investors with its halloween spectacular. the electric vehicle maker, they are making these fisker ocean, crossover vehicle, zooming on to the new york stock exchange under ticker symbol fsr. look at it now. the ev maker adding to the 2020 spac scoreboard. we are now up to 168 ipos via spac with nearly $62 billion in proceeds among the group. now you know it's not how you open but how you close. 14 minutes left to go before the end of trade here, and fisker gaining strength here, up 10.5%. although it was higher earlier in the session. let me bring in the ceo, henrik fisker, founder and ceo of fisker joining us now. all right, henrik. you made us a promise that you would come back on ipo day. we are thrilled that you're here and we are thrilled for you. it,

off the highs of the session. you picked a tough day to go public. >> very tough. we have a good story, a different story, and we are very excited about being public now and really executing and creating some great cars. liz: let's talk about the ocean. you are going public at a time where you do not have any product rolling off the assembly lines and you don't have revenue. tell me, make your pitch to investors of why we should take a chance on fisker's stock right now. >> today in the world, there's produced about 80 million vehicles and less than two million of those are electric. it's pretty clear to everybody that we are going electric. so who's going to come out and take that market and how are you going to take a big slice of that market? we have set ourselves up as the world's first digital car company. we have a completely different business model of anybody else. we are doing kind of what apple

is doing, we are outsourcing manufacturing to the world's third largest supplier. we have a deal with them. they are taking a 6% stake in fisker. we are kind of taking people along for the ride to see how we are going to build this company. we have already built a very successful proprietary app. we are fully digital. we have over 5,000 reservations in a vehicle that's two years out. however, we have delivered all milestones so far and i think it's really the difference of being fully funded all the way to production of the fisker ocean, which derisks this venture versus probably a lot of the other ev ventures out there. liz: boy, i've got to tell you, i'm looking at exxonmobil. it's not an apples to apples comparison but this huge integrated oil company is down 1.5%, $32.47. just about $2 above its 52-week low here. what kind of sea change are you seeing right now, whether it's

for people waiting on your wait list or they're buying hyliion, nikola, lordstown motors which just went public via spac. what changes are you seeing in the stiepsyche of auto buyers? >> we are seeing during covid, first of all, we have seen the digital economy accelerate. we are fully digital. secondly, i think people are really, really aware about the environment and i think that people who think about buying electric cars, there is going to be generally more awareness about electric cars and once you understand how an electric car works, you are realizing it's cheaper to maintain, easier to drive, faster, you charge it at home, it's got so many advantages and i expect the inflection point really being around 2023, when we start seeing huge growth in electric vehicles and it's not only from the u.s. it's also from europe, which is implementing a lot of new

regulations to promote electric cars and the same is happening in china. you know, the industry is global. it's a multi-trillion dollar industry and the industry at one point cannot any more afford to both make gasoline cars that don't sell or don't sell well, and invest in new electric cars. so therefore, you're going to see that there will be an inflection point where suddenly, some of the car makers will have to drop some of their gasoline cars. unfortunately, they are stuck with those for awhile. that's why you see the new ev makers like us coming up, because we can move extremely fast. everybody works on electric vehicles, there's nobody working on gasoline vehicles, and we can be extremely innovative because we don't have any baggage or heritage so we can do the latest technology, the latest design, and we don't have an infrastructure, so we can cut out the middleman, offer vehicles for better price. our electric vehicle starts at $37,500. most of the large auto makers,

their vehicles are way more expensive. liz: yeah. yeah. i drive one of them. i'm telling you, i'm about to pull the trigger on an electric suv. henrik, you are looking at a stock right now, it just ticked up to $10.03. you've got about nine minutes left to trade. congratulations on taking this company public. we will be watching and just as i made you promise to come back, i need you to come back when you've got that ocean rolling off the assembly line. we will come see it. thank you so much ft. >> i will give you a ride. liz: nine minutes left to trade and the dow is off the lows. we are down about 315 points, low of the session, a loss of 515. keep your eye on the nasdaq. it's down 324. it was just down 360 and change. we need to keep an eye on the slight, slight bounce at the moment. for the month, two straight monthly declines for the major averages and we are adding on to that now. wo looks like the dow will close

down 5% for the month. the s&p will close down 3.25%. for the month, the nasdaq will close down 2.7%. is lauren simonetti in the chair? we are going commercial-free. you know that. i would love to know the market's biggest drags. what is the problem child here for the market? or problem children? lauren: well, let's start with the winners. can we do that? can we be positive? because we will take good news when we can get it. the property casualty insurer travelers leading the dow, up 11% this month. not bad. u.s. catastrophe losses, wildfires, hurricanes, but remember, it's covid. americans are driving less, fewer miles, that boosted its income. caterpillar is number two, up almost 5%. machinery sales in china and because of the housing boom here in the u.s., are helping the company. okay. here's the drag. here's the losers, liz. on the dow, amgen, the biotech. we go to the doctor less. doctors are prescribing less compared to before covid.

also, intel. look at that, down 15% for both of these stocks this month. there are concerns that its major data center customers like the government and big enterprise customers, they are pulling back. let me show tu broyou the broad market, the s&p 500. start with the winners again. tapestry. look, it's amazing, this company has been able to successfully raise prices on their stuart weisman boots and coach handbags. the stock is up 41% this month. i love this story. align technology, they make invisalign, we are putting our stimulus savings towards fixing our teeth so our smiles look better on our zoom calls. go figure. in the negative column, slower sales for some of the key drugs and dexcon, they made medical devices, especially for those with diabetes. those are your losers on the s&p 500. liz? liz: i know. these zoom calls, it's like you sort of dial in and you look at yourself like do i really look

like that? oh. i don't want to look like that. lauren: i know. i just ignore it. i just say whatever. liz: i know. no video. i will join without video. okay. thank you, lauren. okay, yes. we will admit it. it's been a bad month. we've got risk off right now with seven minutes to trade, just a horrible week, the worst since march. let's bring in todd buba horowitz and jeff sica, circle squared alternative investments president. jeff, to you first. let me back into this. what is the best trade you have made over the past month or two that has positioned you for a week like this where the dow looks to have lost 1,981 points? >> well, liz, i have been focusing a lot on the gun stocks and today, we get this big decline in gun stocks because walmart takes ammunition and firearms off their shelves. so that has been where the focus

has been. if we see a transition in the government to more of a democratic -- more towards the democrats we will see a lot of gun control. you are getting a lot of permits and these stocks, there's a [ inaudible ] with these stocks. that's what we've been trading lately. liz: walmart itself is down about 1%, for those of you who don't know, i believe walmart plans to return the firearms and ammunition to u.s. store floors but they just were trying to take it off in some cases ahead of the election, in case there were any problems. we are watching this very very closely, needless to say. okay. bubba, what are you trading right now? we have about five minutes left. before you joined us, what jumped out at you where you said now, that's a bargain? >> well, right now, bargains, i'm looking at something like draftkings or penn gaming. those are going to be very big stocks going forward. the gaming industry, especially

if we see more shutdowns, more people want to gamble when they're at home. it's an interesting fact but between fantasy sports and all the different betting you can do now and all the gambling shows, you are seeing a much bigger interest. penn's earnings are very very good to what they expected. the stock's down but basically, everything is under pressure right now because the futures departments are raising margins so fast and there will be special margins to the election. this is the wildest i have seen in all the elections i have traded through and i have liz: you know, i want to point out, you are so right. look at draftkings, it's down 35% to 35.28, and the high of the year is 64. there are, as bubba calls them, steals out there. jeff sica, what would you avoid at the very moment? >> well, you know, i love the big tech stocks. going into this, those seven stocks that have driven the

market. i think now with what you have with all the antitrust concerns and with the fact that these stocks have reached these incredible valuations, as much as it's tempting to buy stocks like apple and netflix at these lower levels, ill really wait -- i would really wait because i think they have a little bit more to fall. and if the antitrust conversation accelerates, there'll be greater opportunities to buy them in the future than there are now. is so even though the momentum and the market has been driven by them, i would avoid them for now. liz: close check at three minutes left to trade, and were off lows. it's a tiny bit of a bounce here, we're still down about 244 points for the dow jones industrials and the s&p is down 50. low of the session, a loss of 76. bubba, what about next week?

would you take a pile of cash ahead of tuesday and the election and just wait so that wednesday we look at the volatility and pull the trigger on some of these names? >> i certainly wouldn't mind doing that, liz, and i will tell you seriously that, as you know, i hedge all the time too, so i'm not afraid to buy in front of it because i'm going to hedge at the beginning as soon as i put it on. so i don't worry about that. but if i'm somebody that's trying to trade them straight, i'm going to wait. again, the speed and the action in this market right now is almost laughable as fast as we go up and down. we're going up and down 100 points like it was nothing. think that's where people have been to be careful, they get too overleveraged and they get into things and immediately they want to get out and take their losses or forget what they're doing and walk away. and that's a big problem for many, and i think that's why you want to wait. let this volatility clear out a little bit because as high as

it's been and even with the market near all-time highs, you know, we're still twice as much volatility as we were a year ago. that's telling you we've got a big price move in the next couple days, and there's other issues in the economy as well besides the election. liz: one minute to trade, jeff sica. give me your final thoughts for the month of october and what happens in november. >> well, i've been doing this a long time, and i think it's going to get wild. i think the market is going to get wild. and i know there's going to be volatility in some of the upturns -- and some of the upturns are going the lure people in. like bubba said, you need to hedge, you need to do things like that because there's going to be a lot of bear traps out there, and i do believe that this market has some potential to move up depending on what happens. but i would say pick your spots, be a stock picker, hedge, do all those things you need to do because it is going to be wild.

liz: okay. hey, sica and bubba, i mean, you've go to love a show that has that to close us out. there goes the closing bell, markets wrap up october with a less frightening close than we saw midday, but we are down two months in a row. thank you so much for hanging with us on this hour of "the claman countdown." we will see you monday. ♪ ♪ connell: well, we wrap with up a rough week on wall street but do come off the lows at the end. we're only four days out now until a presidential election. i'm connell mcshane, this is "after the bell." the market was dragged downed today by big tech. the nasdaq the worst of the bunch. the dow down 150 plus, the nasdaq down about 2.5%. we also will be reporting on the record jump in coronavirus cases as we have been throughout the week. so the fear of lockdowns so out there as well. apple, its stock down about 5.5% at the close today. amazon,