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tv   The Claman Countdown  FOX Business  February 10, 2021 3:00pm-4:00pm EST

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there and you're seeing everything that is good news and the returns have been that great. also crypto, it is great we sell what to slip under tesla did i like that area as well. charles: you made a whole lot of new friends. crypto made a whole lot of good gaming. liz claman we were in the red when i got to the show it's not the biggest cp effect but were getting there. liz: did you hear what fed chair jerome powell just said even as we have strong labor market which we don't, exactly we don't have the strong labor market, that alone said will not be enough to put a lid on the easy money punch bowl with interest rates firmly as he. but look we have recovered at the moment the dow was up 113, the s&p better than seven, the nasdaq better than 14 and lots of records can happen this hour, one of the biggest questions in hollywood for months has been
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what performer disney+ chief kevin mayer who stepped down as tiktok cob and drama what will he aim at next, news breaking today he is part of f rx the forest road that will merge with pandemic favorite beach body kevin mayer and beach body ceo karl are here on how they'll take on peloton and apple fitness. general motors shares on a warning that the global microchip shortage sparked by the pandemic will hit the bottom line but you know what could gm's position offset the mc chip bowl, were gave in and out with the easy race in the stock with the least range anxiety, we have a great panel on that. plus the reddit rebels crushing hard on a new favorite sector wait until you see just how high almost every stock in the group is trading, get it hi, weed stocks, listen, what are you going to do they change their
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minds every five seconds but will check on weed stocks which are going absolutely nuts, we begin with the fox business alert, days within the pandemic when gyms were ordered to shudder and literally three days later, karl diker, cofounder and ceo of the decades-old on-demand fitness company beach body joined us on "the claman countdown". this afternoon in the first sign of a private company that found huge adoption during the pandemic could be even bigger post covid beach body is going public via the first high-profile entertainment blank check acquisition, how high-profile let's bring in former tiktok ceo kevin mayer the man credited with creating disney+ streaming service. also with this beach body ceo carl daikeler. karl loves the intro by the way. were gonna get to the structure in a moment, as advisor to the acquisition corporation, you
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could attach your name and expertise to just about anything, why beach body? >> is pretty simple, beach body is a peloton it really adds to the business model and they had 22 years and they said they have been around a long time and brought over a billion dollars in revenue and they have an incredible digital content play in terms of delivering fantastic business programs via direct to consumer to really value the program and they also have a nutritionist that has been here as well, and a complete solution and i really believe that. the team is awesome. liz: kevin you are the guy who built disney+ out of thin air
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and now has 70 million subs, beach body is a well-established business with a competitive digital moat but with the approaching attackers in the online fitness states are at the gates. apple launched apple fitness, peloton has 5000 on-demand classes after a few years, what can you pull and what are you pulling from you disney+ experience to scale up beach body million subs. >> that's a great question, were bringing in a quarter of $9 million oppressed capital and i've had this capital to market brand and to do performance market and the other thing is beach body has already proven over the last five years and from the infomercial companies that are being really at the cutting edge for consumer companies they had to do this performance marketing and get subs, we have a big warchest to go after and hand the marketing, drive the subscriber base in the real id that is seemed like i had a disney catalog and premium into the property that is highly evaluated in t90x is a great thing, that was developed 15 years ago we have the ip, we have programs and now we can drive to
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start. liz: this is no new be on the street, karl, you are the guy that got cut from his high school basketball team on the first day this is got to be amazing for you. you're already having a wild year the merger is expected at 420 million cash to the balance sheet where will the cash go first? >> obviously were investing in a business model that is working and that's what's so exciting about this and obviously to have a wing man like kevin helping me execute on this business model is just humbling experience. but we want to scale, we need to reach more people, we feel like we've got the business model that really works and like kevin said there is a lot of demand for indoor cycling out there, we as a part of the transaction are merging and with mixed fitness
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which allows us to enter into the world of indoor cycling with a very compelling price point. around $1300 and then we bring in our player, our ability to create great content and we think that we can make indoor cycling connected fitness assessable to the masses. that is where we will step the pedal to the metal if you will. we had 2.6 million paid subscribers, last year we streamed 180 million workouts but that was 99% of north america. this need is global, these are the types of the things that we are going to invest in to help with tom staggs and kevin of f rx. liz: tom staggs former cfo of disney, everybody making a big deal about that kevin saying this is the first entertainment high-profile that will go public. tell me how you see beach body, do you see as entertainment i
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would love to know the thought process as field ideas and its trading on f rx and jumping as we speak by 6.8% it will be under the temple undertaker body but what is that thought when you look at how much bigger fitness could actually be when it comes to media. >> we had a lot of this in the stock over 50 companies that expressed interest but when you look at beach body they are benefiting, just the business appellate on this is very similar dynamic that you can take advantage of. the digital description challenge for disney that is one of three and the other one being overall a very important to everyone these days and a little bit more than ever, we saw they were benefiting from the tailwinds and we thought it really is a content object to
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consumer play and it needs to be dealt with internationally as carl just said and there are opportunities, you talk about competition there's a lot of competitors out there some very high quality and i think their vehicle platforms are bringing them in every time. m&a activity two, m&a with disney for a year also, it said a good price point. liz: carl, you're really lucky he checked so many boxes but who checks the box that say we can take mixed fitness and why ask which is the streamer and they do fitness bikes, how do we do that take on peloton which is the 800-pound gorilla. >> it comes down to the experience that the person has on the screen and this is what we've been doing for 20 years we created the memorable brands in
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home fitness ever, p90 x, insanity, 21 day fix, we've got over 86 brands on the beach body on-demand platform and constantly adding new content live content on the open platform so honestly this is our real house, now what we get to do thankfully peloton they've done a great job, very elegant but we see opportunities for us to enhance that to create a more engaging experience perhaps less competitive more accessible so they feel welcome and ultimately as they get results which is what happens when people plug into the beach body ecosystem they get results and that is ultimately what creates a viral story people see somebody shows up in thanksgiving they lost 25 pounds everybody in the room wants to know how they did it and we expect with beach body open fit in a mixed bike. liz: i want to know how they did it, kevin you missed tiktok, what a crazy time you are tiktok
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before president trump decided he was going to be on it unless it was sold to his friend larry ellison over oracle, charlie gasparino broke the story that the biden the administration is slow walking any approval of tiktok and i just need to know from you, where you see this eventually developing, it does not appear that it was ever a very thought out process on behalf of the trump administration, i'm not saying it's over now, charlie's not saying that but you were there, is there a privacy issue, does not seemed like it. >> the trump administration did not seek out what they were doing very well in my opinion. it there might be concerns on the upper data privacy not with tiktok but also some media, is limited to the tiktok, there are issues about transparency and accountability with industrywide
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solution and in my opinion that's how the biden the administration should put their efforts, there has been a real shame have a band tiktok because red fox which is 0 handle on tiktok we would not of been able to do these great tiktok said been watching lately. liz: are you watching, i can't believe it. yes, there i am, no makeup by rollout every morning a little market minute. [laughter] thank god there wasn't a band. carl, kevin, good luck were watching the stock and as we've been speaking and jumped up to highs of the session. thank you so much, it's great to have you both and we will follow the story we will see one ipo day. great to have you.
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did you see what the markets did when federal reserve chair jerome powell spoke to the economic club of you newark and hour ago he open with the state of the jobs market while powell warned real unemployment is as high as 10% he does expect to see growth in the second half of the year but even with that growth he says he and the fed should not even think about withdrawing support until the pandemic is over, with the dow, s&p and nasdaq all and pays for new record close, the next round of stimulus still a major focus in washington and powell signaling easy money policies are here to stay for the foreseeable future. what does it mean and are there any signals investors are missing and they should watch, fox contributor founder and ceo robert wolf is here with me now. robert, obviously you are knee-deep in the stock market when you ran ubs america, how do you see this. >> you the best backstop there
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ever is, the fed talent sheet and he does not like where the market is and is very nervous in the post pandemic environment until he sees a continuity he is nervous about one and five small businesses closing so you will have an easy monetary policy he's not worried about inflation irrespective of what larry recently said. on the other side you have a large relief package, that combination with a big savings in america today is going to be continuing in the stockmarket. liz: do you think robert the joe biden will go with this alone and when you say alone i mean just for the democrats, that's been the chatter and it appears right now that the republicans are complaining that they are not being part of this, their leading them into be a part of this discussion which was joe biden's big push for president.
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>> as you know we've been speaking a lot about this in my preference is always to be a package that gets 60 lows. i think the recent gop offering of 600 billion was actually horrendous. for two real reasons, one is we all talk about school openings, economist are saying you need 170 billion which is what biden put down for a national reopening. they actually offered 20 billion that is actually ridiculous. the second thing were all talking we need more police fireand emt and under the trump administration, chopper mcconnell put in 160 billion biden put in for 350 billion for state and local. they put in the republicans 0 for that which would've been 160 for police, fire, emt to help with the pandemic. those two bull kittens says they were they were not serious i don't think we'll see a $1.9 trillion by guess it'll be
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one and a half and i do think you get republican votes. liz: you are very close to a lot of people here who are the deciders participants in the discussion. you believe that biden may come down on this and congress may come down. we will be watching and see if they can meet in the middle. robert wolf, great to have you. >> i look forward to seen you on tiktok. liz: go look at red fox lives. kevin liked it and he was the ceo. he said me and my producer we do pretty well. up next the chiefs behind the stock surging 86% in the public debut biotechnology cofounder tim and chris vander hook are next. you have to hear their story heather overwhelmingly changing the digital landscape of advertising. ♪
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that means better results in less time. you can do an uncomfortable, old-fashioned crunch or an aerotrainer super crunch. turn regular planks into turbo planks without getting down on the floor. and there are over 20 exercises to choose from. incredible for improving flexibility and perfect for enhancing yoga and pilates. and safe for all fitness levels. get gym results at home in just 10 minutes a day. no expensive machines, no expensive memberships. get off the floor with aerotrainer. go to aerotrainer.com to get yours now. liz: we were just talking about kevin mayers new if you thought
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it was a spectacular fab, think again, it is exploding in 2021 and now former nfl quarterback colin kaepernick announcing he will be launching a special acquisition blank check company with a bull of taking consumer business that has a social purpose to public investors. the former 49er says he intends to raise $250 million through the spac. there's a brand-new spac trading that we gotta get to advertising software giant via and is trading under dsp after and upsize offering pricing at $25 above the 22 - 24-dollar range that was planned, shares are surging up 88% to $47 even. joining us now brothers and vian cofounders chris and tim vanderhook in their first national television interview since going public were thrilled your choosing "the claman countdown". this is amazing but i don't want
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to say your digital advertising you are very specific in pro dramatic digital advertising. give our viewers a sense of why that is so now that it thing in the ad world. >> thinking for having chris and i hear what a great day for us. let's talk about what is viant technology. just like inequities people want e*trade to buy and sell the shares themselves so is it in advertising. marketers today want to log into software like ours called dell take and purchase ads in a variety of channels whether it be alive linear local tv ad or streaming tv or mobile desktop or digital billboards, marketers want an online platform that they can login and bite and more importantly through that platform we help marketers better understand what they're getting for their money which is been very elusive in advertising since business inception. it's like e*trade, very much were e*trade for ads all electronic buying and reporting.
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liz: e*trade for ads, let me make it more simple for people who might not even understand that analogy although i completely get it. chris, goes to the pro dramatic discussion of these automatic ads the on-the-fly match people who are cruising the web with immediate marketers who are trying to find that very person to get their ad in front of. there has been times when i've been looking at a pair of diamond earrings, i will just admit it and then i go back to what i was doing on a news website and immediately that very pair of earrings is sitting there flashing at me on the right. so you provide the tools, tell us how you're going to grow and what is a crowded industry. >> that's a great question, if you think about the u.s. advertising market is roughly $200 billion growing at 11% per year. the electronic buying of that only represents about half.
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that is taken is about ten years to get to half of the u.s. ad market. we believe there is a tremendous growth in front of us, programmatic is growing at 10% so there's - 10 years of growth. all ads will be bought through software electronically in the future. that is one and two there is an exciting new area called connected tv if you look at the growth in roku, the popularity, marketers want to match consumer consumption and streaming and connected is a big tailwind for us as well, that is growing at 25% a year and 11 billion-dollar market. lots of opportunity there will be multiple winners here. liz: tim, before we go i want our viewers to know you have been in the creation business for a long time you were the guys behind myspace. what did you learn from the myspace experience which was huge and income facebook and one
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stepson another what did you learn with that and growing viant today. >> we learn social networks are really hard a lot of respect for leaders in that category. when it comes to advertising facebook does a great job in matching of advertisers with consumers that are interested in those products or services and that's what we learned that myspace, how to take just like facebook targets advertising, that is what we call people base advertising, we are a people based tsd in its different than our cookie-based competitors out there. all those lessons we learn that myspace in the creation and is built out and shone through in the product that we offer our marketers today. so really excited about the future for us and thank you so much for allowing us to come on your show. liz: anytime, you should be excited about an 88% jump on your stock with a debut. good luck to you, thank you so much. "the claman countdown" is coming right back.
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liz: fox business alert the reddit rebels are bringing a new high to pop stock census our the same retail investors that gave gamestop at amc and out of this world boost now turning their attention to weed stocks which has dominated the wall street chat room over just the past few days, look at tilray spiking 47% but sundial that is crazy, sundial up 70%, i do have to say when it comes to tilray they added $2 billion to its market value since yesterday. 2 billion, tilray is buying for $4 billion of publicly traded independent company is getting again of 12%. let's flip it over to under armor flexing its muscles the athletic apparel maker reporting a surprise profit, also this is
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important the revenue forecast on higher sales of full priced items. let's bargain the nonsense, under armor up 8%. the good news having a big halo effect on the war rival lululemon, athletic gap, and kohl's which is launching its own athletic line next month all in the green with the course gap up 3%, coca-cola it popped out of the gate this morning but losing its fizz despite a forecast and demand for its products as vaccinations ramp up, coke's flat, no pun intended but you can see it if you meant to go the intraday chart is getting to the green who knows how that will end, tomorrow by their way tracing the cap off its quarterly results, guess what we will dive in to the pepsi code news, salty, sweet, the whole shooting match with vice chair and cfo hugh johnston right here on "the claman
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countdown" tomorrow. pot may be popping but you know what twitter and liz getting some huge lift right now twitter up 13% now, lift getting again a 5%, lift is at its highest point the more than a year end vester got guidance of my blogging site and lift, life after president trump that twitter needs to talk about to its investors. >> exactly, i don't have any plans in this report but give me a few minutes. i got one twitter want you to know that it is fine everything is fine after they banned former president trump from its platform, the company obviously did disclose user growth state when it reported earnings that they did add users and unusual circumstances, they did not go any more specific, analyst are focused on twitter's permanent ban of trump on january 8 has really played out in the week of the capital riots for the company, ceo jack dorsey says
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twitter is a platform that is a much larger than any one topic or any one account. i guess he did to get more specific that 80% of all users were outside of the united states dorsey saying is not just the news or the political platform, they dribble that point home. they posted a narrow loss for 2020 then expected at the pandemic did obviously hurt his business annual revenue down about 35%, 2.4 billion they did very aggressive cost-cutting and worker furloughs the stock has more than doubled since novembee vaccine news was really dominating the headlines and the company's most hurt by the shutdown once again were seeing the future winners for the forthcoming entry order coming in 570 million down 44% from last year. we'll see as the pandemic oakley goes away, maybe things will get better. "after the bell" we will get numbers from uber, the estimate
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56% 3.58 billion in revenues and return investment will see what happens. investors paying attention to uber e how it's performing and how the drink delivery business because they just acquired drizzly they just announced that, that will factor in the analyst want to know on their overall strategy of business model hopefully details come out after the call today. uber eats over the last two quarters has been a bright spot as the business has suffered. were all sitting at home and ordering takeout and delivery. liz: bright spot try supernova, that's really been what saved uber and certainly been an amazing business that they started. thank you, cheryl casone in a shock to wall street general giant headed better 2020 the 2019. despite the pandemic but shares dropping due to one shortfall it
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warns will cost the company billions. what will this mean for gm standing in the easy race, we have an expert panel next. by the way electric vehicles what is the resale value we will dig down and give you some numbers through the closing bell ringing in 27 minutes the dow was up 90, nasdaq down 14 points. stay with us for coming right back. ♪ - i'm norm. - i'm szasz. [norm] and we live in columbia, missouri. we do consulting, but we also write. [szasz] we take care of ourselves constantly; it's important. we walk three to five times a week, a couple miles at a time. - we've both been taking prevagen for a little more than 11 years now. after about 30 days of taking it, we noticed clarity that we didn't notice before.
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liz: despite crushing analyst fourth-quarter expectations and timing crushing it general motors stock is down more than 2% right now investors are pumping the brakes after gm warned that a microchip shortage could cut 2021 earnings. yes, and empty to pull because there are so many electronics people are buying that the microchip, the semiconductor companies cannot turn these
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things up fast enough why does that matter to a car company, today's cars have so much technology on them that is powered by semiconductors, vehicle touch screens, hybrid engine control, self driving tech, that is the very thing that could really hurt the bottom line, all of this is gm plows billions into getting 30 new electric vehicles on the market by 2025. let's bring in senior writer and kelli blue book senior, to really talk about this, i will begin with you al, what else is waiting on investors decides the chip issue which should work its way through the system soon. >> it should, i think it should and will have other opinions on that but i think there is a couple of things, i think one of the things, this is almost bull market action if you look at gm's stock over the last three months were probably up 55%,
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high expectation stock, you don't always see that with gm but the guidance was a little light, there is funny issues like the semi conductor shortages, the stock was down about five and as claude back. i think what it is all said and done analyst will endorse q4 results and endorse the outlook as being a little conservative and things will be okay. but all of these issues like you say the ev nav and autonomous vehicle technology that is key to the stock going forward. it is something that will have to get resolved. liz: by the chip shortage is hurting, automakers, by the way this is a global issue, the chip shortage, why is it also, can you look at a the tailwind of sorts. >> you can, if you look at last year with the results in the shutdown student covid, everybody trim production, it was going to be a down year anyway so it actually help them manage their inventory better
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and their margins were higher. that's why they perform so well last year, that same scenario could play out with the microchips to where they cut back production somewhat and recruit whatever losses in production and higher margins. liz: you can recruit this, not all semiconductor companies are in cars, we got on the screen, texas instruments, qualcomm, semi conductor, there are many of these names out there, i don't know what the top one is, it is supposed to be in xp semi conductor, again as you move forward, give me the most exciting thing that ufc for general motors right now. >> i think general motors is starting to get some of the tesla shine, i think over the past few months with some of the announcements from ceo mary bera
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some of the aspirational goals, they want to have 30 ev's by 2035 they want to have an aspirational goal of being all ev company by 2035, they are spending $27 billion, now that we are starting to see super bowl commercials with the lyrica and the all electric, or, you're starting to get investors believing that they can be long-term winners and if that is the case, there is math to do, if these are stock citrated 7 - 9 times earnings if you can build the case thereof longtime earning then there's a lot of upside for the stock. liz: and you want to talk about winners you're over at kelley blue book where you put up the resale value of every car out there on the market including my dad's favorite, the citron materazzi, look at the resale value for these electric cars. the bolt the chevy both retails
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for 31000, the retail 35207 for the model three which retails around 33000 base, you have 39000 other retail. these things go up used? >> it just depends on how old the vehicle is, the pricing right now has been kind of problematic because there is a difference between a gas and electric vehicle in terms of cost in terms of the batteries. we did see what some of the earlier electric vehicles that did not have the same kind of range that the tesla had it took a big hit in resale value. now that they are putting out like the bolt has 259 miles of range, we are seeing that the resale values have been aimed to hold more and also i think the other thing helping these vehicles resale value is the fact that the federal tax credits have expired for tesla
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and gm. so actually, the retail pricing should be a little bit higher than what were showing right now but down the road there is going to be some adjustments made to take into account the fact that you're not going to get the tax credit when you buy a gm or tesla but you will from another manufacturer. liz: in the end tesla wants to come out with a 25000-dollar car and you gotta believe elon musk will be watching and believe in general motors they have the scale, great to have you both we thank you very much for joining us. up next charlie brakes on tiktok and he's been breaking all week. hello there is much more ahead, "the claman countdown" is coming right back the dow holding onto gains of 30 points. ♪ well we have a safety net. we'll be ok right? ♪
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liz: you want to talk about unbelievable timing breaking moments ago from reuters, the justice department has asked the u.s. appeals court to put on hold tiktok restrictions pending dividing the administration review of it charlie gasparino has been breaking the story all week long, what does this change if anything people want to know is tiktok going to be beyond or does the bite in a administration say we have too much else. >> they have other things to do first, i think the wall street journal wrote a story that put a lot of people's attention even though it's essentially what we reported on monday and i'll stick with our reporting based on what i know from people close to the administration, people with the companies involved in it simply this abide in a administration will take a good hard look at this it has an uncertain path, they are slow walking the review of this and
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particularly until they get their political people on board there is a process the council of foreign investment process is ongoing but the approval or disapproval they gay or nay is being slow walked, what is holding this up is couple things the bite in a administration wants to get their house in order politically, they've attended people that they need to get political positions inside the d.o.j. and the treasury department that will rule on this when it gets ruled. the second thing, i think this is key every decision that the trump administration has made that wasn't through completely like gse reform which began but did not end in the trump administration like this deal, this oracle tiktok deal that was designed to prevent tiktok from being banned because it's connection with the chinese companies that people believe
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uses and gives you user information to the government or surveillance purposes because of all of that and because what's going on in the trump administration, the biden administration is slow walking everything. they want to review everything they of what the top of ministry she did pray the oracle tiktok deal gets a lot of review for this reason and is still being reviewed, the journal went too far insane it's off the table, it is basically being slow walked it is still being reviewed and here's what i will say, they may approve this deal as it is. there is no doubt that they worry about chinese influence, they rather the servers being run by a u.s. company in this case oracle that will have control over the server. they would rather do that, they don't like from what i understand the process of how this deal got to oracle. in their words, steven mnuchin acted the former treasury
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secretary as an investment banker here's what i've been told by biden people the deal was directed and they didn't put out an rfp for a lucrative assignment which was handling the cloud services for tiktok and managing the data. the trump administration essentially green lit almost a deal that went to a major supporter, larry ellison who runs oracle. those sort of things in the biden administration saying we have to hold off on this let's slow walk they review, the only thing today that matters today what you said is this, remember when tiktok tried to get restraining orders to prevent the band, they go before a federal judge, they got that, departing on the other side that they were trying that objective which is the plaintiff in this case is a justice department, the justice department and
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biden's hands is basically saying with all due respect, let's hold off on any court action on this, until we review, if you look at the language they are still reviewing. it is not like shelf it's a slow walk review. liz: you just are the former ceo of tiktok kevin mayer on the show saying the trump administration never fully thought out the announcement that we are going to be on tiktok and he also said the privacy issue was way overblown and i get that the biden administration does not take the stuff lightly at all but there are so many bigger issues than the 100 million people mostly kids and me are on. >> that is true, we have a pandemic we have to deal with right now, the political people need to be put in their places before you make a final decision, this is a business deal that is in limbo, i would
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go back to what jen psaki said the press secretary, this further confirms our reporting not the journals reported today. there is a rigorous process ongoing i do not have a timetable for this review, it is still being reviewed, it is being slow walked because the political players have to ultimately decide that haven't been put in place. by the way i'm sticking with my original statement its future is uncertain is where i was giving guidance, people inside both companies and people close with biden the administration and talks are still percolating, it is not at that level where you can say yay or nay from the officials inside the d.o.j. and the treasury department. but this latest thing that you got from the justice department asking the courts to withhold
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any decision, there on the other side of the court of the trade on this thing. further review confirms what we've been saying. it's still under review and is being slow walked. and then we will decide. liz: charlie -- slow walking is the key word. charlie gasparino, the claimant kept at his coming right back will we see a record for the s&p is down four points, we have to wait and find out. efinanced wit, that allowed me to pay off aggressively and save without breaking my back or breaking the bank. ♪♪ ♪♪ ♪♪ ♪♪ . .
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some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) ♪. liz: all right. we've got about two minutes left before the closing bell rings. the dow on the verge of seeing a record high close. s&p and nasdaq both turned negative in the last half hour. let's keep in mind all the major averages day after day are within points of record highs fueling that bubble chatter. makes sense, right? are we in a bubble?
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no, says our "countdown" closer hugh johnson. really no bubbles, hugh? >> there are some bubbles, liz. i hate to mention it, bit of coin, a few others. but you look at the chart, you know that's a bubble or looks like a bubble. what i'm saying it is not a widespread bubble and i think you got three characteristics of a bubble. one is leverage. we don't have a lot of leverage right now. margin debt as percentage of the total stock market volume. if you look at optimism is another thing you get. optimism giving away to exuberance and euphoria now. you do not have euphoria now. but you have one thing of a bubble, overvaluation. it is not extreme. but you do have some overvaluation. but you do not have all characteristics of a stock market bubble that would really worry me. something more widespread as
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opposed limited to a few stocks. no, it is not a bubble. liz: hugh johnson has been doing this a long time. he likes, jpmorgan, lolls, apple. reporter: closing bell -- [closing bell rings] s&p and nasdaq don't quite make it. that will do it for "the claman countdown." you have to tune in for tomorrow. connell: we had a call helping american workers working through the markets. the stocks fighting for records as we close out on wall street. fed chairman jay powell urging a society wide whitment to boost employment to get people back to work. the maybe that helped the dow. if you look at the way we finish, only the dow at a record. it need aded a gain to 10 point gain to set ror

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