tv The Claman Countdown FOX Business November 13, 2020 3:00pm-4:00pm EST
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who's going to win on sunday? >> my money's on d.j.. dustin johnson, which i sent to your producer this morning before he teed off, i said he looks -- charles: all right. by the way, folks, the s&p and russell on track for all-time highs. let's see what liz claman can do to help them get over the hump in the next hour. liz: okay, all right. it's the witching hour. let's see what i can do. [laughter] thank you, charles. have a great friday. all right, breaking news. in less than an hour, president trump expected to hold a rose garden news conference on operation warp speed, an update of sorts. this as the coronavirus death toll in the u.s. tops 240,000 with more than 10.5 million cases leading to increased lockdowns and restrictions across america. but look at the markets. the dow and the s&p, you just heard charles say, on their way not just to weekly wins, but record highs. for the russell and the s&p, and the nasdaq looking pretty good,
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up 95 points. the dow better by 393 points. perhaps on investor belief that the worsening pandemic will shake congress' fists open leading to, perhaps, the passage of a relief package. but as millions rush to get tested, rapid covid testing suddenly under fire from billionaire tesla ceo elon musk who claims he took four tests with confusing results. so we're bringing out one of the breakout stars of the netflix dock you series pandemic, dr. jacob glanfeld, what he wants to hear from the president as the development of a covid-19 vaccine inches closer to reality. and the coronavirus isn't elon musk's only problem. there's a new player on the electric vehicle front carving out its own ev beast face. yes, that's right, the ceo is here in a fox business exclusive. yes, the company is publicly traded. we'll tell you who it is. all right, but first a fox
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business alert, just as americans rush en masse to get covid tested this hour, tesla's ceo, elon musk, is on the attack. did you see what he treat tweeted last night? let's show it to you. he tweeted right here on your screen something extremely bogus is going on. was tested four times for covid, two two negative, two positive, same machine, same test, same nurse. rapid antigen test from bd. let's not forget that elon musk stated earlier this year that we would be close to zero cases of the coronavirus by the end of april. which is, obviously, nowhere near where we stand today. it's a disaster today. but his experience as an engineer, his big brain, right? we know he's been brilliant on many things, but does this lead us to the question of which covid-19 test is more accurate and should he just stick to what he does best and that's making autos and rockets? let's bring in the scientist
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working to put an end to viruses like covid-19 and the flu, distributed bio ceo dr. jacob glanfield joining us from one of his labs. first, what do you make of what elon musk said? >> hi, liz. so he's asking an important question that all of these companies and that is how often do we successfully identify someone who is infected and how often do we miss that and how often do we accidentally call someone who's not infected as being infected? the tests like the ones being done by abbott, those ones are pretty good, over 95% good job providing they're already showing symptoms. think the problem we've seen with some of the confusion is what everyone would like to do is screen people before they go into a party, as we've seen in some, you know, high profile events around the nation. and, unfortunately, the tests aren't very good at correctly detecting someone who's infected in that scenario. so i can't speak to the specific
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test that elon ran this test with, but he's asking a reasonable question which is how reproducible are the tests. liz: well, the pcr, the nasal swab test, would you just simply recommend that? becketten dickenson is the company that's making the rapid test, or at least one of them. the stock is up more than 1%. so as we show that, you've got to give me a sense of what you think about that nasal swab test, and then we'll move on to what exactly you're doing. >> most of these nasal swab tests what they're doing is they're scraping out a little bit of your cells, and they check to see whether the dna or the rna instructions of the virus are present in that sample, and if it's present, then you're infected. that process is pretty good at detecting if the virus is present. but if you just recently have been infected or there isn't that much virus in your body, it may think that you're fine when, in fact, you are actually still sick. that's why they wait for you to show symptom, because then
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there's more virus present. in general, these tests are very helpful tools to identify people early who need to receive special care. one of the problems is we don't have that many good treatments yet. they'll be even more useful once we have good treatments that we can give to these individuals. liz: which is where you come in. pfizer, of course, has a vaccine they say is9 0% effective -- 90% effective. we're all waiting on that. you are contracted out by pfizer. first, explain to us the challenges at the moment. we keep hearing that this thing has to be kept, this vaccine has to be kept at unbelievably cold temperatures, i believe around 94 degrees, -94 degrees celsius. i mean, dry ice is -79 degrees celsius. how do you do that? i mean, what do you have in that lab behind you that keeps things that cold? >> sure. so i'll show you the -80 freezerrer that we use routinely, i'll give you a sense of how this is different than a normal -20 freezer and how not all hospitals have access to it
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and a little bit about whether dry ice can be used for the same purpose. i'll take off my headset here. -80 degree freezers, they have -- [inaudible] the ambient temperature, almost like a submarine door. that reveals the inside, it has a second layer. the deep freeze here, this is where the samples are stored. and this is necessary -- [inaudible] multiple layers of insulation to be able to maintain that temperature. now, the good news, as you mentioned, is that dry ice is at 78 degrees, -78 degrees celsius which is nearly the same temperature as the freezerrer behind me, and i think you're likely going to find policy folks asking the very hard question, does it really need to be at -94 or can -80 save the same purpose and greatly facilitate our need to ship the
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drug wherever it's needed. liz: well, that is the question, jacob, and i'm thrilled to have you right here because -- [laughter] you came on in the early part of this, and you were ramping ahead with the u.s. military, really working on all kinds of antibody opportunities here. but how do you scale something like that up across the united states when we know how difficult that is, transporting it is extremely difficult, and just so people understand, these are not therapies and vaccines that are made from chemical compounds which may not necessarily need that cold storage. they're made from biologic cells. so, you know, there's a huge challenge, and you wonder how we're going to be able to spread this across this gigantic nation. >> well, that's right. for pfizer, their challenge is it's an rna vaccine, and so they want to maintain it, basically, the older you go, the slower all things move, and they're basically trying to put everything in hibernation to protect the medicine. i think it's important for
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policymakers to ask does it really need to be 94 or could it just be -80 in which case we could use dry ice. but i'm sure pfizer's looking at this. now, with respect to treatments like antibodies -- go ahead. liz: no, i was -- please, you. [laughter] you're the expert, go ahead. >> so with respect to treatments for our antibody therapy, for instance, we are engineering it on purpose so that it canning be shipped at, essentially, 2-8 degrees. that's about what a deli refrigerator would -- that's part of the reason why we're engaged with the navy and the military, they also need to make sure they have something which is continually distributed for mass use. liz: who do you think should get the vaccine first? we're hearing all kinds of reports about the president-elect biden and that his covid task force is considering that we should spread it out across the united states and the rest of the country in an equal way.
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do you have a stance on that, and -- >> yeah, i do. liz: -- [inaudible] possibility here? >> this is the policy everyone chooses. what you should do, so pfizer mentioned different numbers, between 50-100 million doses available by the end of the year. the priority should be given to them to the people who are at the greatest risk, so this is going to include the elderly, people in old folks' homes, the immuno-compromised to the extent they can benefit from a vaccine, they should also include health care workers that are at very high risk of being exposed to the virus. and once that first group of people is protected, that's really going to help because that's going to reduce the incidents of those people reaching the hospital and having really rough outcomes. and after that we'll roll it out in waves. probably work backwards in age. the folks who are going to wait the longest are probably healthy people in their 20s. liz: but i'm asking u.s. elderly or all of the world elderly? >> i mean, ultimately, we do need all of the world to have
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access. i think you're going to see a set of contracts and negotiations are going to dictate who has access. the problem with this virus is until we have the whole world immunizedded, if we neglect a certain area, that group will reinfect the rest of us, so it is important to e achieve global immunization. the pfizer vaccine showed a pretty highfectiveness, the spike on this virus is a weak spot. it's targeting over 90% effective vaccine response. the moderna vaccine is very similar and, indeed, the other vaccines this bodes well as well. and across multiple companies we're talking about millions of doses that should be able to be mobilized in 2021, so i think we are going to be able to produce enough vaccine for the whole world, and we're in a strong position that that'll be highly effective. liz: ah, from your mouth to god's ears. thank you for opening up your freezers and explaining that to us. of course, we're going to take you to the white house, top of the hour. this is what we're hear willing,
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that president trump will appear in the rose garden for a news conference. we may or may not take questions, we're not sure. we're getting all kinds of guidance on that. "after the bell" will have complete coverage and watch the stocks in realtime that may be related to this. fox business alert, disney's ceo lashing out against california covid regulations that have kept disneyland in california shuttered. even with the backdrop of spiking pandemic cases, hospitalizations and, yes, deaths, the ceo complained on his earnings call yesterday that customers want disneyland to reopen. quote: unfortunately, we're extremely disappointed that the state of california continues to keep disneyland closed. do we have that sound bite? >> unfortunately, we are extremely disappointed that the state of california continues to keep disneyland closed despite our proven track record. our health and safety protocols
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are science-based and have the support of labor unions representing 99% of our hourly cast members. frankly, as we and other civic leaders have stated before, we believe state leadership should look objectively at what we've achieved successfully at our parks around the world. liz: i don't know, you know, you've got a very serious situation in the state of california, but the parks drama aside, the mouse house -- and maybe this is why the stock up 2.25% -- streaming its way to a narrower than expected quarterly loss. disney plus and hulu show subscriber games, many coming from india and indonesia, and those subscribers pay far less. the return of live sports boosting espn plus subscribers numbers as well, past the 10 million mark. disney stock standing at $138.60. espn's not the only one scoring a touchdown on the comeback of pro sports.
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better than expected results in the third quarter thanks to the return of the nfl, the nba, nhl and mlb action. the online gambling stock draftkings jumping 5.33%, also getting a boost on its prediction revenue growth, will pop 45% year-over-year in 2021. so its rivals are basking in the halo effect, penn national gaming up 3.33, caesars up 5.3%. the gaming explosion, a 53% year over year search in revenue leading unity software to a smaller than expected loss in its first quarterly report since going public. webbush praising the, quote, near flawless performance of the gaming and 3-d software maker. you've got these developers who subscribe to unity's of software suited, at least three other
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firms raising their price target. ticker symbol u. and revlon, just three days after leading the russell 2000 to new highs, the makeup maven dropping 17 percent on an ugly 20% drop in quarterly sales, but revlon shares still set for a gain for the week after fending off bankruptcy. please, revlon, do not go bankrupt. >> no. liz: no. i definitely need the silver city pink, okay? live and die. who doesn't? greg doesn't, my tech guy does not. so many of these companies, they think they can predict what their stock will do in 2021. but can you predict what the entire market will look like six months from now? maybe today's bullish action giving us the biggest clue. with the closing bell ringing in 45 and a half minutes and the dow jumping 370 points, our floor show traders are about to play detective with that clue
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liz: breaking news, folks, we've got to look at the russell 2000. it just i touched an all-time high. it's currently on track for a record close. okay, so we've heard a lot about records in the s&p, the nasdaq. no, no, no, this would be the first record for the russell. this is the small cap benchmark, in more than two years. the russell needs to finish up more than 32.2 points, it's up 36.3 points right now, to hit that record close. so maybe today is the day that it closes in record territory. markets are pretty much overall doing the same thing jpmorgan strategists did overnight, make at bet not on what's happening in the world today, but what will happen in the future. jpmorgan is increasing its equity overweight to 10% from 8%. at the same time, the team reduced its overbought position in corporate bonds and raised its government bond underweight from -11% to -12%.
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should investors follow? to our floor show, barry james and teddy weisberg join us on this friday, the 13th. um, barry, i know, people get all nervous. liz, don't say friday the 3th. what? we've got a great day going here. barry, with covid cases on the rise, election results in the, let's say, side mirror, a new administration coming into office most likely, are you investing six days out or six months out when the picture will be better? >> looking six months out. as we look at the world through, you know, the eyes of the election, probably pretty much status quo. the most extreme elements are probably not going to take place in terms of policy. so it'll be good for infrastructure, probably stimulus and the like, and, you know, the large growth, the tech stocks, you know, that yellow brick road that's been working, people will stay on. but the big changer is that vaccine. and as you just, you know, were
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talking about, 50 million doses by the end of the year, 1 is.5 billion -- 1.5 billion just from one company next year, and that's what people should start building towards, an opening economy, growing economy, smaller capp, value-oriented, more cyclical names, some of the banking stocks. so there's a change coming, it's not going to happen immediately, but the change is coming and start investing that way now. liz: right. and that way, you say, is to buy names like caterpillar, lgi, and speak of banks, you like -- [inaudible] teddy, the market discounts what's right in front of it, and it looks further out. you know, it always kind of leads the economy. so give me a sense of whether you agree with this and whether it's dangerous or the right path to invest that way. >> well, i think most people would agree that the market is a forward-looking indicator, liz, not, you know, not a trailing
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indicator. and it tends to discount the future, not the past. and i think what jpmorgan did today, what goldman sachs said yesterday that most folks are looking for a better 2021 compared to 2020. though if you had the right names in 2020, you certainly had a pretty good year. but, you know, the difference between looking out six days or six weeks as opposed to six months, i mean, my experience doing this much too long is that most -- [laughter] traders and investors sort of get it confused. and i think, unfortunately, most day traders, most people that trade the tape usually end up being unsuccessful in the long run. i mean, in my cause at my age, i don't even buy green bananas anymore. [laughter] but clearly, you want to look ahead. and success from investing in general is all about time horizons and patience.
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obviously, you've got to pick the right names and have the right horses as we move forward. but it gets a lot easier and a lot more successful if you have longer term time horizonnens. so certainly six months is a good place to start, but i think, you know, you need to look even further out, two or three years, assuming you have all that time. and, but i would, i would stick with more or less the same names, liz. the same names that got us here probably are going to get us, get us in a positive place in 2021. yes, there'll be some shifting, and there'll be some sector rotation, but you need to go where the earnings where, where the growth is, and that puts the techs right at the head of the class. they've been a little out of favor the last couple trading days, but in the end i think that's where you want to put your money. you want to own the exchange stocks, perhaps some of the big pharma stocks. good companies, good balance sheets, good top and bottom line growth, and i think everybody
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will be pretty happy. since months and perhaps even a year or two years down the road. liz: okay. barry, thank you for joining us. teddy, keep checking the expiration dates on the yogurt, the cottage cheese -- [laughter] the bananas, all of them. we love you both. thank you so much. [laughter] all right. snack giant best numbers getting a binge-worthy upgrade from piper sandler to overweight, rallying on the news by 1.8%. but not everybody is sitting at home on the couch and snacking their way through the pandemic. the golf industry shooting a hole in one. grab your clubs, we're taking you to the 1st tee to show you the stocks that stand to gain. closing bell ringing in 36 minutes. or we are on track to see a s&p and a russell record, so you've got to stay with us. plus, the president, he's expected to speak within the next hour.
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♪ ♪ liz: at this hour live sports under attack by the deadly new spike in covid cases. folks, we're learning that ivy league schools have announced no basketball or hockey, and uc-berkeley tweeting out that this saturday's cal v. arizona state game has been canceled by the p a ac-12 due to the high number of covid-positive sun devil players. as football to basketball, to hockey hit the pause button, one sport almost pretty much built for social distancing is thriving right now. we go to grady trimble joining us live from five iron golf in chicago. grady, i understand you're a bit of a hacker? that's what i'm told, is that true? [laughter] kidding. >> reporter: this is not my game, i'll tell you that much, liz. i played soccer in college -- [laughter] not a golfer, okay? but, yeah, we're at 5-iron golf.
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like you said, this is one of the few sports you can play alone. you can play indoors here through the frigid chicago winters, but if you look at the numbers nationally for rounds played outside, even if you account for the time that the courses were closed earlier this year, rounds are up about 9%. sales of golf equipment also up about 42%. golfers are splurging on new bags and clubs, they've spent more than a billion dollars in the third quarter of this year. that's the only the other time that happened was back in the second quarter of 2008. just a little trivia tidbit for you. that, of course, was when tiger won the u.s. open. we've got tim nagel here, he is the general manager at a 5-iron golf. so you've9 had a lot of people coming in and buying clubs to the point where they're basically on back order. >> that's right, yeah. it's been great to see people come out, and it shows that
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there's a demand. >> reporter: bad for the people who have to wait but good for the industry as a whole. it's also been a boom for people who needed a new hobby. you've seen, obviously, the regulars come in, but new people as well? >> yes, correct. a lot of new beginners from people who have never played before or played 20 years ago, or all coming back, growing the game and practicing and getting new products. >> reporter: speaking of practicing, that was something i was doing between my reports. as i said, i am not a golfer. i was going to do a swing for you, liz, to show off my progress, but unfortunately, the simulator's taken, so i can't embarrass myself on national tv. liz: oh, yeah. conveniently, grady. all right. thank you very much, grady trimble. yeah, because there's social distancing almost built in to golf courses, open air. let's hope at least one sport is doing well. to lauren simonetti right now with today's fox business brief. hi, lauren. >> reporter: hey. i am the worst golfer ever. liz, good to see you. palantir pulled back the
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curtain, beating on revenue seeing growth of 52% during its first earnings report since going public at the end of september. palantir lifted guidance for the fourth quarter after citing 15 new contracts in the third quarter, shares up almost 7%. far fetch in fashion is swinging to a new high after the online luxury retailer saw revenue surge 71% last quarter. farfetched said it expects 2021 to be a game changer thanks to its partnership with alibaba. but neo in red after the short seller andrew lutz pulled the plug on his bullish call. he said now is the time for investors to cash out of the stock while also slapping it with a $25 price target. it's trading at $44.85 now. citron may not be neo's only
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and that's what we deliver. so bounce forward, with comcast business. liz: all right. we just want to flag you here as president trump gets set to hold a news conference in the rose guarden at the top of the hour, he'll be updating the nation on operate warp speed, markets are jumping into the close. we are getting very close, if not at record highs at the moment. in fact, when we started the show, we were up 408 points for the dow, that was the record. we're up 436 right now. the russell and s&p alling for a close at new all-time highs. you've got to stay with me for the next 23 minutes, okay? president is expected to take questions. fox business will carry it live on "after the bell." but in the meantime, take a look at ford.
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ford investors are hauling in the green at this hour. shares are jumping more than 3% right now as ford kicks off its strategy to electrify its commercial vehicles -- now it's 4% higher -- with a battery-powered e-transit van which will be available in late 2021. those are the pictures that they have released of it. a nice little candy apple red and white. but watch for tailgaters, ford. the competition in the commercial ev space is already pulling up. green power motors, ev star, in hot pursuit. besides its mini bus, the zero i missions ev manufacturer is offering a school bus known as the beast. green power is publicly-traded, right now it is completely turned around, it is up 7.8% after end opening lower. the company did report second quarter earnings with revenue coming in at 2.8 million. so it's small but it's growing. and you now you've got to watch out for those upstarts.
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gpf listed on the nasdaq at the end of august. let's bring in frazier atkinson. make your case on why any company out there that's looking for a commercial vehicle similar to what you guys make should go with you and not the fords out there? >> well, first off, we were thrilled to see ford's announcement yesterday validate our decision to focus on the class 4 area. their vehicle is in the light duty class 3, we're medium and heavy duty. and combined with our low capital cost structure, you know, we're positioned for substantial growth for those businesses that look at the ford traffic but it doesn't offer the breadth and capabilities that our ev offers. so once again, we're thrilled with their announcement. liz: okay. i can't let that just go. what breadth? what do you have that they do not? >> well, we've got, our platform
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has three models in the passenger side and three models that are directed towards cargo, body builders, outfitters and the like. and what we have is a range that is substantially more than what they're offering and a payload that is really at a full, medium and heavy duty commercial level. so, for example, in the mini bus we're able to, we're able to configure the vehicle with up to 24 passengers which is really in the middle of the category between getting a regular type of transit van and going with a much bigger heavy duty vehicle or a bus. liz: i'm looking at some of them right now. you have some pretty significant orders. i know abc has to ordered 200. you've got 200 buses ordered creative bus sales, green commuter. tell me about who you're looking at as well.
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i know l.a. county has made some big orders but, you know, you need to scale up. are you prepared if the orders really start flowing in? >> well, we've announced this week to our shareholders that we, since that listing on nasdaq, we had already commenced increasing our production at the rate of 20 a month and 5 school buses a month. and this morning we announced an order of 6 with buses with a scl district in northern california, and we believe it's just the tip of the iceberg in a sector that we see it being a really, really strong sector next year. so we're building up capacity and coupled with biden's web site where me, on his web site he states that he would like to see as a goal the conversion of all 500,000 school buses in the united states to zero emission by 2030. so at that pace, we'll certainly
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need to revisit our production schedule to increase to accommodate that kind of demand. liz: well, would you be opposed or open to maybe a bigger name who helps you get there? i mean, obviously, we know that gm certainly has its partnership, and we're looking at a lot of names that are in there at the moment whether it's tesla looking to do big trucks, we know that there's some other names out there, nio, of course, we already talked about their electric stuff. talk to me about whether you would consider a partnership or whether you even need it. >> well, at this stage with the funding that we received on nasdaq, we can operate without going back to the market for an extended period of time with a multiple of revenue in terms of where we're operating now. and as you noted in our last quarter, it, you know, our revenue is just starting in terms of where we are with our
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business model. but in terms of partnering up, we're in a great spot. you know, we've chosen the class 4 for the ev star, the school bus, we also have a number of transit that gives us an opportunity to pursue product opportunities in those categories. so we've got a really broad catalog of products, and we can build up the business with that product catalog. liz: well, or it's fascinating to watch everybody jumping in and trying to create the best. that's what america's all about. we wish green power the best of luck and thank you so much, phraser. please come back again. we'd love to follow this story, believe me. we're big on the electric vehicle craze at the moment, and we want to see how it progresses. thank you. >> thanks for having us on your show. liz: all right. ipo -- yeah, thank you. ipo buzz. how one world leader personally shut down what was to be the
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world's biggest ipo of the year. and kodiak cakes. have you guys had their pancakes? how about their power waffles? shares, you've got to hear how the ceo, joe clark, how he boot strapped his company from nothing, right? he actually dragged it when he was 8 years old, sold them in his little redding wagon and eventually grew up and built them, they're ever where, target, you name it. he's my latest everyone talks to liz podcast guest. it's really inspiring because it took him so many years to find sweet success. don't forget to subscribe and rate. closing bell, i do want to let you guys know the dow is now on track for a record close, up 468 on this friday the 13th. we've got 15 minutes to go before we hear that closing bell. stay tuned. charlie gasparino up next. ♪ ♪
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♪ ♪ liz: food delivery giant doordash has nabbed quite the appropriate ticker symbol as it sprints toward going public. the san francisco-based company filed it paperwork with the sec and said it has made about $1.9 billion in revenue this year from its 18 million customers and will trade on the new york stock exchange under the ticker symbol dash. perfect. it was available. and if you want a dating app stock, bumble just swipedded closer to its ipo. reports say the dating site where women get to make the fist move is working with golden and citi and could go public, bmbl is also available. bumble. so, you know, liz says.
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but ant group, the fin-tech founded bilally baba's -- by alibaba's jack ma just got bad news. chinese president xi jinping is the one who personally ordered a halt to the ipo on both the hong kong and shanghai stock markets of after ma gave a speech critical of chinese government regulations. this is part of the spin-off from alibaba, so baba shares are down about 1.5%, down about 14% for the week. all right, markets may not show it, but corporate ceos are really fretting about the already chaotic transition to a soon to be biden administration. to charlie gasparino on exclusive details on conversations top executives are having behind closed doors. why do they think it's chaotic, charlie? >> jeff siden fed, our friend the yale professor, smart guy, management guru, did a round
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table recently with some corporate executives about the election and the aftermath, the fact that president trump has yet to concealed. it was an interesting conversation according to sodden fed who was interviewed by my producer, lydia moynihan. and this is the upshot, instead of talking, spending all day talking to ceos, there's a one-source shopping here. if you talk to jeff, he has the ear of every major ceo in corporate america from his perch at yale and the school of management. essentially, they're saying, listen, trump may be kind of a sore loser here. this is what they're saying, i'm not saying i agree with this, he may not want to concede. the fact that he's still in office and not conceding is not the problem. the real problem is cheerily from a national -- clearly from a national security standpoint and maybe ultimately from an economic standpoint, if joe biden who's going to be president no matter what are recount challenges you have, he's going to be president, he
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needs to be briefed on national security concerns and economic issues from the white house. and the fact that he doesn't have that briefing just yet is hurting, it could really hurt a smooth transition when he takes office in january. at least that's what they're saying. they're saying if this lasts much longer, if it lasts into, you know, two weeks, a month from now, you know, you're really going to have, you could have some reporters that could jeopardize the economy. i'm not saying i necessarily agree with this, liz, but that's clearly the upshot from corporate america. they really wish president trump would start including biden on briefings so he knows what he's getting when he walks into the door, walks through, you know, sits in the white house as the president on january 20th. and for all intents and purposes, he's going to be the president. again, i'm not saying i agree with that. as a matter of fact, the markets are up with all this corporate angst. why is that? because despite what you're hearing about rising case loads
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of covid, hospitals, i mean, i'm reading everything, it seems really bad and maybe it is, what you're getting from sophisticated traders and investors is that they believe this pandemic is coming to an end. they believe that despite all the bad news, we're going to get a vaccine, we've got better treatments and that we're -- there's loo height at the end of the tunnel. that's -- there's light at the end of the tunnel. take it for what it's worth. markets have been wrong in the past, but they are clearly pricing in that there's something better with the pandemic. because that is a big economic indicator. if we can avoid, you know, lockdowns and things are coming back maybe in the winter or the early spring or even late spring, there's a big plus for the economy. and it's clear from the trading and from the people i talk to, they believe this thing is going to be over, and they think these drugs are going to work, vaccines are going to work. so that's two views. the pessimistic side from the corporate executives about the transition and everything, optimism from investors about
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the pandemic coming to an end with the vaccine. liz: all right. well, these sew owes -- ceos are joined by some republican senators including chuck grassley saying he has to be given this information because, you know, a lot of things are at stake. charlie gasparino. we are coming right back. will we see a record close for the s&p and the russell? maybe. ♪
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the phone. call today and we'll also send this free guide. humana, a more human way to healthcare. liz: i am checking, we appear to be there if we were to close right this minute, the s&p and the russell will be at all-time highs, this is president trump will hold a rose garden news conference at the top of the hour coming into the podium, the american flag the first time he is maybe even taking questions in quite some time, the s&p 43 the russell needs 32 to fit the
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historic mark, now let me get to exactly what is happening for the weekly went on this friday, we can see it looks like the dow and s&p with the weekly went in the nasdaq, while we wait for the president 27 hours to the top of the spacex dragon resilience this happens tomorrow evening, three nasa astronauts and from a japan space agency will spend six months in the space station. the ufo is worlds to offer pure play access to the industry, the cofounder in the industry, you are up 3%. what is driving this entire sector? >> there is a lot of optimism for the space industry. people are realizing how important and how it infects affect us. they are getting excited about lower cost of sending things into outer space and what that
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can do for the broader economy. liz: verging galactic is something that a lot of people have heard of, but. >> start technology is a way to play this, as we look at these names, we do know that guys like jeff bezos, elon musk of spacex, and virgin galactic and a bigelow aerospace, my personal buddy. it is the privatization of spa space, how long do you see that as a trend is forever. >> right now the big thing, space is open for business, we see nasa say that and bringing new projects, the international space station and government showing their willingness to increase their budgets for space whether it be for the nations advancement just from a technology's standpoint
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international security interest, we are spending on space but what we are seeing, so many technologies that are reliant upon space, 5g. liz: all right, the etf ticker symbol ufo, that is perfect. thank you so much, record for the s&p in the russell on this friday. connell: we are about to hear from president trump, the first time we've heard since joe biden was projected to win the white house. the president is set to speak at the white house rose garden moments from now.
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