tv The Claman Countdown FOX Business December 8, 2020 3:00pm-4:00pm EST
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think a full stimulus will happen before the holiday break. i tell you, something better happen. liz claman, over to you. the market's hanging in okay but still assuming that congress will come up with something before the year oifrs. . liz: yeah, but right now, you got to admit the markets are celebrating v-day. charles, we have seen it. new records all around, vaccine day being cheered by investors as that first dose of the pfizer/biontech covid-19 vaccine has been administered. all five majors have hit intraday records. the dow's not quite there at the moment. it needs to see a gain of 149 points but we are looking at maybe once again five all-time new history pages in the book. at the white house, operation warp speed vaccine summit, president trump has just called the development of the vaccine a modern day miracle. he's currently meeting right now with government officials and representatives from some of the top companies in the nation that
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are involved in distributing the life-saving shots to the nation. and concurrently, president-elect joe biden introducing his health care team. this just happened. those who will be responsible for the majority of the implementation of team trump's plan. we will go live to wilmington and to the white house. the chief medical officer of new york state's biggest health care provider, they have the most hospitals in all of new york state, is here. how is he working out the details of delivering a vaccine to his critical front line workers? northwell health's top man at the forefront is with us in a fox business exclusive. plus, the world's second richest man just dropped a whole bunch of verbal bombs. tesla's ceo elon musk just wrapped minutes ago his interview with the "wall street journal." wait until you hear what he said on a whole bunch of issues, including his definitive statement of where he is going to live from now on.
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we start with a fox business alert here. check the dow, up 110. moments ago, president trump kicked off the white house vaccine summit, surrounded by some of the top executives in the country involved in making and distributing the covid-19 vaccine that could bring the pandemic to an end. leaders, we are talking about shippers, ups and fed ex, health care companies, cvs and walgreens as well as pharmacy giants mckesson and thermo-fisher. they make a lot of the freezers. they are all in attendance and the details are pouring out fast and furiously. federal government will track every single dose of the vaccine. each vaccine will be delivered in a lock that contains 975 doses. cvs and walgreens will send out mobile vaccination units to deliver the vaccine across the country. but let's get blake burman in front of the cameras. he's live from the white house with much more on this and all of the developments that we have that are happening in real-time, blake. reporter: yes, we are here at
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the white house, of course. there's this vaccine summit that is ongoing right now. give you a live look inside the eeob, the building behind my camera where this is taking place. this is going to be basically a three-hour or so walk-through and discussion as to how the distribution process could potentially be playing out as you see the general who might be -- who is in charge of all of it speaking right now. but we did hear from president trump as well just a little while ago. liz, as you know, in the last 24 hours or so, there has been this back-and-forth between the white house and pfizer over what a potential second contract between the two or second dosing amount between the two might look like. while president trump didn't necessarily or did not at all name pfizer by name, he did issue this warning, essentially saying if any company is not on board with what needs to happen going down the line, he will invoke the defense production act. listen. >> we have worked very well with the companies but if for any
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reason we have any problems, we will be instituting the defense production act and we will make sure that we don't have any problems for very long. reporter: the summit is in part to try to build confidence and to show the american people as the administration and many see that the vaccine is safe and should be taken. there has been a p.r. push from the white house today on this front. for example, listen here to the top scientist on operation warp speed, dr. slaoui, from earlier today. >> we will make all data available and explain it and have independent experts looking to it and explaining it to the population. hopefully people have different experts that they may trust. i ask people to just keep your mind open, please. don't come to a conclusion before you have been exposed to the data. reporter: so you showed the companies who will have executives at this summit, though not here, the heads of pfizer and moderna.
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of course, as you know, their vaccine candidates going before the fda in two days and in nine days' time, essentially with the fda present at this vaccine summit, it's basically a conflict of interest for them to be here with the fda as well. liz? liz: okay. and the stocks are on the move. moderna is up about 5%. pfizer better by 2.6%. blake, thank you. we do just want to let you know that as that vaccine conference continues at the white house, we know that countries all around the planet are very anxious as they await mass deployment of the vaccine, but at 6:30 a.m. in britain, this 90-year-old red-headed grandma wearing a merry christmas teeshirt stepped up to the plate as the first person in the world to get the pfizer/biontech covid-19 vaccine as part of this rollout. margaret keenan turns 91 next week and she called the vaccine the best birthday present she could hope for. she also said she hoped to set an example for those out there
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hesitating to get the vaccination. the united kingdom becomes the first country to begin mass vaccinations. reports say 800,000 people will be vaccinated there this week. now, here in the u.s., hospitals have a huge challenge on their hands, as they rapidly prepare for the moment the cdc green-lights the vaccine for american citizens. with a network of 23 hospitals and 200 facilities, northwell health is the largest health care provider in the entire state of new york. dr. david battinelli is northwell's chief medical officer. welcome, doctor. thank you for taking time out. i know you kind of have very important things to do. please let us know, where do you stand on preparation? are you ready to rock with the vaccine rollout? >> we have been preparing for some time now. we have all the appropriate facilities ready to go. we have algorithms to see who we are going to be vaccinating first. we have the proper accessories we need with respect to freezers, supplies, excess
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needles, whatever it is we need. we have been preparing as many have for this day for quite awhile now. liz: when you say excess needle supplies and of course, the freezers, how does that compare to what you would normally have? can you give us a sense as far as numbers are concerned? are doubling, tripling? >> quadrupling the amount of excess we need in terms of being able to give this vaccine because we're not really sure exactly how fast we are going to get a certain amount of vaccine. we know that initially we will probably get about 1,000 doses per facility, somewhere close to that. then the next issue is what's on everybody's minds, just how fast will the rest of the doses get here. liz: doctor, you have 23 hospitals out there, along with so many other facilities, and these hospitals are some of the most famous in the united states. long island jewish, lennox hill, so many of these top, top-shelf hospitals. give me a sense of who will get the vaccine first.
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>> well, that's still being debated but obviously we will be doing this with patients who are in nursing homes, elderly patients, but within our facilities, it will be front line workers and again, we have a number of things we are working with human resources and our physician advisory council as to who of the various employees on the front lines should be getting the vaccines first. we will then distribute the vaccine as much as we possibly can depending on how many doses we get. liz: for your front line workers, the doctors, the nurses, the orderlies, is it required, or have you had any push-back from any of them about taking it? >> there is a little bit of vaccine hesitancy throughout the communities. that's not unheard of also in hospitals. but we will have some of our senior officials volunteering to take this vaccine to show people we believe it's safe enough to take. now, it obviously cannot be required because it's under an emergency use authorization. so time will tell. i think you are going to get a
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lot of people on board very very quickly once they recognize that others are willing to take it. liz: in your career, have you ever dealt with anything like this on such a scale that we are seeing right now? >> no, i don't think anybody has, unless you are a little bit over 100 years old. again, last time we have seen something to this scale was 1918. this is unprecedented. liz: unprecedented. tell me what your sense is, when you see a rise, forgive me if i don't even sound like i know what i'm talking about, but will it come via trucks? is that from the mckesson distribution or ups or is it going to be some members of the military bringing it? >> you know, i'm not exactly sure how it's going to arrive. obviously it will be quite secure and it will get to our facilities that we have the proper storage for, upwards of three and a half million doses at a time. liz: we'll be watching it.
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doctor, thank you very much. we are really indebted to you and your entire medical team. we here at "the claman countdown" love doctors and we really respect all that everybody has done to keep our people safe and you know, risked their own lives. thank you very much. let us shift to apple. apple is looking at this hour to snap up more real estate under your christmas tree. its fitness plus service debuts next monday for the man or woman on your list who might want to start working out a little bit more. just one week from today, the tech giant's first ever, yeah, look at that, i need you guys to let me know what you think of this, apple's branded entry into the over-ear wireless headphones. that hits digital store shelves. the airpod max as they're called. they look remarkably old school. pricing, though, far from old-timy. they will retail for $549.
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investors taking a wait and see approach to the news. apple has been middling slightly above the flat line right now. we are watching the stock throughout the day as we always do with apple. two more blockbuster announcements rocking the electric and autonomous vehicle world. elon musk has just spoken. in his first interview, i watched the whole thing, it was epic. we are going to let you hear some of what he had to say and we will hear from our floor show on whether you should trade in or keep adding to your electric vehicle or self-driving vehicle stock. they are going to name names. with the closing bell ringing in 49 minutes, and the dow up 96, "the claman countdown" is coming right back. ♪
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liz: breaking news. elon speaks. while wearing his mask of choice, a black bandanna, the tesla ceo, now second richest man in the world, granted his first interview in ages less than an hour ago to the "wall street journal" ceo council and matt murray. he dropped this bomb about a change of address coming.
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>> for myself, yes. i have moved to texas. we've got the starship development in south texas where i am right now. we hope we can do a launch later today. and we've got big factory development just outside of austin. liz: he also said, though, that his tesla and spacex factories will remain in california. he said that's really important. he said california's great but he did indicate that regulations, both statewide and on the federal level, can really destroy the opportunity america has always given to entrepreneurs who start up companies. he said that sometimes governments coddle monopolies. >> after that, it would be ensuring there are not artificial monopolies, that there is a fertile ground for startups and -- because what can
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happen over time is they can get regulatory capture by launch companies where they influence the regulators and legislators to favor their situation and then you have a forest of redwoods. liz: yeah. he said a forest of gigantic redwoods and then the little trees get squished. all right. so the stock is up right now about 1% but this morning, the stock had gapped down after the ev giant announced plans to issue up to $5 billion worth of new stock. investors maybe were hesitant on fears that might dilute the stock value but the move comes just one day after tesla shares surged the a record close, boosting the market cap to more than $600 billion. wedbush analyst dan ives says this is a clear positive for the company and solidifies his case for a $1,000 price target. we are at $647 and change right now. let's flip it over to other electric vehicle companies. see how they are faring today. there is workhorse, which is actually moving higher right now, up by .5%.
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after slipping more than 20% in earlier trade. then green power motors is up 2%. these were all down earlier. but let's look at nio and nikola. they are on the move at this hour as well. we see that nio is up about 2.9%. nikola up 2.5%. from evs to autonomous vehicles. uber announcing today it is selling its self-driving unit. advanced technologies group, to competitor aurora innovation. uber says it will make a $400 million cash investment in aurora and will hold a 26% stake in the company as part of the deal. uber down 1%. autonomous related stocks like luminar, aptive which partners with lyft are showing a mixed picture in the space at the moment, with just velodyne moving higher. luminar down 8.7%. let's get to our floor show
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traders. jon corpina and phil flynn. at this point in the game, if you had to choose one sector or another, would you invest in the autonomous sector or electric vehicle technology? phil, you go first. >> you know, tell you what, i think where you should change the name of the song of california, here i come to california, here i go after everybody's leaving, right? i will tell you, amazing. today, we lost hp, he's moving out. anyway, to get back to your question, the easy answer would be the electric vehicle sector because that's starting to be proven. people want to buy these cars. we know they are starting to love them. there's a lot of growth in that sector but i like this luminar. i really do. i think they have something here with their technology, that could go into a lot of different electric car companies. i know elon musk kind of pooh-poohed their technology and said lidar technology isn't the way to go, they have a different technology. they have cameras and things.
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but i think their technology could go and if it does, a lot of car companies will own it, not just one. liz: well, yeah. they are in not just autonomous vehicles but in other companies that are getting to that point in their cars, because any new car is going to let you know when you are about to hit something as you are in reverse. tell me what you think, jon, because tesla is obviously very expensive at this point, when you look at how it's trading with the pe ratio, et cetera, but by the same token, there are other opportunities. do you like autonomous or do you like electric? if you had to put money in one area or the other? >> you know, i'm going to side with phil on this one. i think the easier bet is to go into electric, right. we have seen the outcomes of it. we see the progression over many years of how we have gotten to today. just take this tesla news, for example. they are peeling off $5 billion, they are going to invest it in factory and development and most importantly, they are going to put it into their battery
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production. that's where the growth really is. so that's the safer bet in the short period of time. yes, i know the stock is trading at an all-time high, up 600% this year. i'm sure at some point, we might see some action there down the road as far as a split is concerned, going into s&p, we will see some activity there. but then let's switch it to the other side where you see autonomo autonomous. i think that's clearly something that's becoming standard in many cars. not as far as complete self-driving, but driver awareness of what's going on around you. so as the years progress down the road, i think that, too, is going to become very important and will become something that's very automatic in our world. we are seeing it in trucks, trucks driving cross-country. once we get through that development, i think we will see a complete rollout. short-term, it's going to be electric. i think longer term if you are willing to wait, it's going to be autonomous. liz: yep. our buddy austin russell, the founder of luminar, became the youngest self-made billionaire in the world last week when he
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ipo'ed his company. all right. great to have you. there he is. has a lot of energy. he's my hero considering stanford is berkeley's rival school. we do not like the cardinal. thanks, guys. good to see you. we appreciate it. by the way, you have to stay tuned because guys, elon musk gave three suggestions on what to do if you want your company to succeed. i'm going to reveal those to you, that he just gave to the "wall street journal" coming up. in the meantime, the self-proclaimed king of all media is staying home. howard stern has just inked a new five-year deal with his long time home, sirius xm, his last broadcast home for the last 15 years. nice move in the stock, up 1.5%. terms of the deal not public but some reports say it could be upwards of $120 million per year. sirius popping on the news. while sirius has its top dog
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lined up, online pet product specialist chewy filing its third quarter report after the bell. we are about to tell you whether puppies equal profits in the middle of a pandemic. closing bell ringing in 38 minutes. dow up 107. s&p up 10. we are watching records around. stay tuned. ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa less sick days! cold coming on? zicam® is clinically proven to shorten colds! highly recommend it!
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liz: we've got to get you this fox business alert. take a look at stitch fix stock, busting at the seams after beating quarterly revenue estimates and forecasting full year revenue growth above analyst expectation. yes, it hit a record high earlier. look at the gain right now. it's still pretty much up there, a 40% jump to $50.18. the online personal styling site is heading toward its best single day percentage gain ever. online retail force is also
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being felt by etsy. glowing november sales data and renewed fourth quarter hopes leading btig to boost its price target by 14 bucks to $174. on the haven for holiday crafts based on the new named grogu, aka baby yoda. etsy at $163.84 right now. that's a gain of 4.5%. not to be left behind in the holiday race, nike swooshing its way to new highs. both morgan stanley and cowan raising their price target on shares. any gain today would be a fifth record close for the athleisure giant. nike gaining .33% right now. speaking of new highs, equifax raising the roof, literally. shares hitting a new record after fourth quarter credit checks for mortgages skyrocketed amid the pandemic housing boom and record low mortgage rates.
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equifax is gaining 8% right now to $184.51. but the housing boom going bust for toll brothers, shares crumbling at this hour as a disappointing forecast on first quarter deliveries threatens 2021 profit estimates. toll brothers down 7.8%. we need to talk about two stocks that lately have shown real momentum and they are reporting their earnings and whatever it is, right, their numbers after the bell today. chewy. chewy is popping 4.5%. gamestop is up half a percent. let's get to cheryl casone in the fox business newsroom. what should investors really be watching? cheryl: these are a couple real big names we will be looking at after the bell. start with gamestop. analysts are looking for an earnings per share loss of 85 cents a share on revenue of $1.09 billion, down 24.3% year over year, if that comes in line. the stock has had a wild year, it fell 50% in the early march market slump at the start of the
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pandemic. now it's up more than 150% going into this report. there is holiday shopping optimism, new console demand and they have a partnership with microsoft. these could be positives but did they grow their sales. those numbers in the last quarterly report, investors thinking maybe overall sales will be down about 24%. now let's go to the fun one, online pet product giant chewy, expected to record a fiscal third quarter loss of 13 cents with revenue of 1.72 billion. that would be a gain of 40.2% year over year. they are among several e-commerce names that have really benefited during the pandemic as consumers have shifted their purchasing behavior to online platforms. they have provided wall street analysts with guidance based on high subscription numbers. their autoship program where you get things every month for your pet, that accounts for 70% of their sales. chewy has added 3.1 million active customers so far this fiscal year, an increase of 23%,
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and they have been expanding the pharmacy business and they have also got, get this, telehealth service for pets. i was just going to use telehealth service for humans. now we have it for pets. anyway, pet ownership, as you know, has soared during the pandemic, especially for dogs which i know you have. i've got to say, for cats, too, representing my feline friend. liz: hey, i represent the little pusses, too. i love them. i've got one. a rescue cat. thank you, cheryl. cheryl does a lot of work with rescue cats and dogs. god bless you. thank you so much. president-elect joe biden introducing his health care team just within the last couple of hours. none of them, though, were at the white house today. why? what this continuing divide means for vaccine distribution efforts after the inauguration. we will take you live to wilmington, with the closing bell ringing in 29 minutes. we've got the dow up 122. not quite a record yet but the
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s&p is there. so is the nasdaq. my husband and i have never eaten healthier. shingles doesn't care. i logged 10,000 steps today. shingles doesn't care. i get as much fresh air as possible. good for you, but shingles doesn't care. because 1 in 3 people will get shingles, you need protection. but no matter how healthy you feel, your immune system declines as you age, increasing your risk for getting shingles. so what can protect you? shingrix protects. for the first time ever, you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. talk to your doctor or pharmacist about protecting yourself with shingrix.
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liz: we just got this breaking news, folks. boeing has just delivered a 737 max to united airlines. this is the first max delivery since the federal aviation administration lifted the nearly two-year ban last month. it's the first of eight finished max airplanes that are expected to be delivered to united by the end of the year. let's see how boeing's stock is doing. can we punch that up? there we go. this quarter alone, it's had a very big move, up about 44%. ceos and entrepreneurs just got a rare opportunity to get advice from the world's second richest man. yes, elon musk. the tesla and spacex ceo just gave an interview to "wall street journal" reporter matt murray in the last hour. murray asked him what are the
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best things you've learned to do while growing your company from a startup to a now $600 billion market cap electric vehicle giant it is today. musk said the following. seek negative feedback, not just from your customers but from people who have never bought your product yet. don't bristle. just ask in order to improve the product. he said stop looking down. down at spreadsheets, down at your computer screen, if you're doing too much of that, you're not working properly to create and improve your product. and finally, when asked if elon tries to do too much himself, because you know, there are rumors he tries to micromanage everything which may send a signal to employees that their work doesn't matter as much, elon musk said quote, get out on the factory floor. troops are going to fight harder if they see the general with them on the battlefield instead of in some pampered palace. very interesting stuff. elon musk saying that in just the last hour. but also saying he's moved to
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texas. he's personally moved to texas. all right. we've got competing presidential events that just happened. president trump signed an executive order he said will ensure americans get the vaccine first even though the united kingdom i believe got it this morning. at the same exact time, president-elect joe biden unveiled his health team that is supposed to help him mount a pandemic response. biden saying his administration will aim for 100 million vaccine shots in his first 100 days. to hillary vaughn in wilmington, delaware, following the biden/harris transition with the very latest. hillary, so nobody from the biden administration was included in this event? reporter: no, they were not invited to the white house event, liz, but they did roll out today biden's 100-day plan to get the pandemic under control. as you mentioned, that includes 100 million vaccines in 100 days but also, 100 days of mandatory mask wearing wherever he can enforce it.
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>> my first hundred days is going to require, i'm going to ask for a masking plan. everyone for the first hundred days of my administration to wear a mask. it will start with my signing an order on day one to require masks where i can under the law. reporter: biden's health care team is getting attention today more for their history on gun control than their public health record. both health control activists and pro-gun groups say xavier becerra and his choice for surgeon general, vivek murthy, mean gun control is now a public health emergency. quote, america is facing down two intertwined crises right now, covid and gun violence, and attorney general becerra and dr. murthy understand we need to tackle both at the same time. dr. murthy made his views clear in 2012 when seeking senate confirmation the first time for
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surgeon general, saying his job includes tabckling gun violence tweeting guns are a health care issue. biden's pick to lead health and human services, california a.g. xavier becerra has no role in public health but does using his role to limit gun ownership. the firearm trade association reacting to the nomination today, saying quote, the problem with attorney general becerra leading the nation's health agency is that any issue he finds politically unfavorable can be labeled a public health crisis. the next four years will be an administration pushing firearm ownership as a public health crisis and using the cover of a national health emergency to trample on constitutional rights. biden has been up front about his plans to imbed gun control in his public health action, calling it an epidemic. liz? liz: hillary vaughn, thank you very much. dow jones industrials up 100 points. a tectonic shift in the
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works. charlie breaks it on goldman sachs' deep dive into china and why it may just be the start of knocking down the trump administration's great wall against the world's second largest economic power. and on this safe harbor day, where states must certify the results of the presidential election, my everyone talks to liz podcast guest this week is fox news senior correspondent and anchor eric shawn. eric has been elbow and knee deep in the election coverage. he was on the ground in pennsylvania. i asked him all about his coverage on the ground during this very controversial election. you've got to hear his behind the scenes stories, his ground-breaking reporting and of course, you may not know this, who his mom was. a soap opera star darling. eric shawn. you've got to hear it. a lot of people have already downloaded it. spotify, apple, google, wherever you get your podcasts. closing bell ringing in 19 minutes. we'll be right back.
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liz: tiktok is continuing to tick and tick and tick. a second federal judge has now blocked the trump administration's attempt to ban chinese-owned social media disruptor tiktok. judge carl nichols saying the justice department likely overstepped when it threatened to cut the social media app off from the u.s. market unless china's bytedance agreed to a sale of its u.s. business. this as talks between bytedance, oracle and walmart regarding a potential spinoff or call it what it is, barely a 20% partnership of u.s. assets of
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tiktok, continue to drag on. oracle and walmart are moving in opposite directions with oracle down 1%, walmart up 1% and speaking of u.s. versus china battles, is the trade war with china no more? what's happening with that? wall street apparently anticipating a thaw in chilly relations between the two countries as president trump and his administration's hawkish policies head for the exits. to charlie gasparino. charlie, what are you hearing? charlie: yeah, very interesting situation, as you saw today, the news about goldman sachs seeking to have a 100% ownership of a subsidiary in china. that would fly in the face of a lot of what we have been reading between the trump administration and its belligerence towards china, chinese stealing intellectual property from u.s. companies. you would think corporate america was still at war with china. the interesting thing is they are not. i have been talking to some of the executives at the big firms, it's not just goldman sachs that's going to be seeking 100%
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ownership of a subsidiary in china. it's jpmorgan, it's morgan stanley, it's every major bank, every major investment firm that wants to sell mutual funds there. those are separate applications. this is a pretty big thing. what i found is this. when the trump administration was going to war with china over trade, the chinese authorities basically did an end-around around the administration and began negotiating with many of the big financial players here in the u.s. directly. so they kept those lines of communication open. and then what happened was very interesting. the chinese began to relent on some of their very strict controls they would have on foreign ownership. in the past, foreigners couldn't own, couldn't majority own a company, a subsidiary over there like jpmorgan could not totally own or goldman sachs its china -- its mainland chinese subsidiary. they would have to go in partnership with the chinese. that is starting to loosen up. what we understand now is the chinese are increasingly, how do
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we put it, open to having u.s. totally own these subsidiaries. now, obviously the u.s. companies that have a footprint there, and they all do, will have to pay the chinese government their stake in the company to own 100% and that's always a negotiation. but for the first time, the chinese are saying we're going to allow you to open it 100%. why are they changing? this is the sort of double-edged sword here. the chinese approach to wall street guys, the banks, because of trump, it's because of trump that the chinese have softened. you know, when you talk to the bankers about this, they will tell you that donald trump shining the very harsh light on china, china trade abuses, theft of i.p. and other issues caused the chinese essentially to rethink their relationship with u.s. business. they need u.s. business over there. they still have a poverty problem. they have a burgeoning middle class, obviously.
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and they also have a huge market which u.s. companies want to tap into. that's why they are opening up. so it's what donald trump did on two levels that basically has led to this opening up. number one, the trade war, chinese authorities went around the white house directly to the big banks and financial firms. but number two, make no mistake about it, trump shining the harsh light on china has caused them to ease up and these u.s. companies are now like goldman sachs but it's not just them, it's all of them, jpmorgan, morgan stanley, probably in the next five years will totally own their u.s. subjesidiaries over there even though it will be under regulations and who knows, you know, they're not going to be able to get dominant market share in the securities business, the chinese won't probably allow that, but they will be able to own their companies and operate. that's a big market for them to operate in. liz, back to you. liz: yeah. he definitely scared them by what he did as far as the trade
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wars and hanging them out there to dry, saying this is what you guys are doing, you've got to stop, and the time to have done it, we said this many times on the show, is during a bull market which is exactly when he did it. so -- charlie: and liz, you mentioned tiktok before, just to close the loop here. companies like tiktok and all these wall street firms believe there will be a thawing of relationship with the new biden white house. so remember, there is something going on here where they think biden is not going to do a 180 on everything trump did with china but he's going to peel back some of it. there's not going to be that direct confrontation all the time. that's going to help u.s. companies operating over there. liz: all right. i promised our viewers that you and i will do a tiktok dance at some point in the new year. sorry. we've got to start -- charlie: as soon as i get vaccinated i'll be in, and we can dance. all right? liz: same here. all right. charlie gasparino. as the markets deck the halls with green for the holidays, you
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♪. liz: yes, again we have multiple records. folks we have five minutes before the closing bell rings. nasdaq about to rack the fourth record close in a row, its 50th of the year. s&p also pushing towards a record close, its 30th of 2020. the dow is up by 107 points. it needs 184 points to reach the brass ring. you can see it next few minutes when the bell rings.
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hang in there. big tech on a light up day for the markets but our countdown closer says tech is here to stay. he says others can light up the portfolio more brightly than the lights on the christmas tree. david kudla, how do you feel we can decorate a tree with ornaments in the form of etfs. over at mainstay capital, you are looking at these on the screen. take them and run. tell us which of ones and why? >> so, first of all we think that you know, when we look forward, for the market, the rest of the year, going into 2021, you know, we think that we've had a good run in technology but we have cyclicals and value stocks are going to perform as well. so we have the opportunity to continue with tech and also look at some of these rebound plays, as the economy recovers with the vaccine on the way, we saw some of that earlier in the show with
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what happened in the uk today. also with what we're going to get in fiscal stimulus. while we still want to stay with some of these names in technology in an area that has done very good and which continue to do well with, in the new year is clean energy. so some of the solar names, ev makers, so we have pvw, which has been an incredible etf, power shares, clean energy. there are names in there in solar, electric carmakers like nio. we have arch genomic revolution etf. it is a biotechnology etf. we held this in our portfolio since the beginning of the year. it is an incredible performer. how important the biotech
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industry is with covid. liz: exactly. what is going on with moderna and pfizer and these other, these other makers. so those -- liz: want to let our viewers know that middle stock is incorrect. should be crisper therapeutics. looking at crimestoppers. i don't know what that is. that is the gene he had it didding the dr. general uc berkeley. nobel prize for genomics. emerging markets, why this one? >> that's right. we know that the, e-commerce has been certainly the play all through covid with the lockdowns. even people that were uncomfortable buying online have standerred to do that.
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i -- started to do that. i buy is a etf that reached a new high. that is a more domestic oriented etf. globally these e-commerce stocks are doing very well, these are more global, emerging market etf on e-commerce around internet that has done extremely well and will continue to do. liz: alibaba the big name there. some other names you might, talking to our viewers. yeah, exactly. who david has done the hard work for you over at mainstay with his team. we're watching it all. thank you so much for joining us. happy holidays, david, to you and the gang. >> thank you so much, liz. liz: thank you for joining us. i do want to set this up here. big fat pitch, market records for the nasdaq, the s&p. the dow just missing out on it but the russell and transports as well. four records on the very first day where the world sees that
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vaccine as part of nation rollout in the united kingdom. [closing bell rings] u.s. hopefully comes on thursday. that will do it for "the claman countdown." the dow just missing a record up 115 points. we'll see you tomorrow. connell: the promise of a covid vaccine and the hope for more stimulus sending stocks once again to all-time highs. now right now at the white house president trump independence hosting a vaccine summit. they're about to discuss how the vaccine will be administered. any breaking headlines come out of that event throughout the hour we'll be on top of that. at the chose you look at the numbers. the dow hovering below what would have been record territory. closes up by 105 points. it hit an all time high earlier in the trading session today. the s&p 500 looks like it has a record. need as seven-point gain. gets 10. the nasdaq
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