of draftkings about their big expansion plan. markets have been so volatile the past be weeks that even pros taking their eyes of the screens for even one moment. >> there is a speculative fervor in the markets and a lack of liquidity. you cannot leave for the bathroom and come back without the market having moved by 1% up-and-down. markets me, indicates are not stable or steady. they may not be overpriced necessarily, but they are volatile. volatility itself is something they want to zero in on. olivia: that there are still bulls. some are sticking to their guns. steve, great to have you on set. let's talk about this jobs number. you're sticking to your guns. advocate, someone say the labor market is slowing. we have a huge commodities route. markets are wobbling, and the fed cannot raise rates in september. why do you think they still will? steve: i don't know that they will in september. you have a fed put. it the markets keep going lower, i got to believe the fed is going to step back. they are trying to convince people this

draftkings is one of the biggest players in the fantasy space. this year there is a real big growth opportunity to take advantage of all these new daily fantasy player. draftkings is head kwartquarter boston. fanduel has a big deal with dan patrick. he is a big sports personality. we spoke to him about what he things the future of the fantasy business is. >> this business of fantasy will be mentioned in the same breath and at least from an advertising prif in t perspective in the same way that the beef, automaticotiveautomot quick service, those genres are now being mentioned. >> there is a lot of optimism on how much money people are going to be spending. these are billion dollar companies. they're new unicorns and we don't think of them in the likes of uber. but beyond who's going to win the super bowl, it is going to be which of these two companies will end. being the dominant player in this space. >> big article in the "wall street journal" last night that highlights only 1.3% of players win 90% of the money. we'll see if people stay in or dr

draftkings. to love draftkings of the world one of my favorite platforms to play on if you look at it from a business standpoint, draftkings is like new york stock exchange what are we the fox business news cnbc bloomberg. >> credit suisse research. >> we will see you soon. >> -- next hour -- back in a minute. >>>. >>> . maria: welcome back. breaking news in sell-off on way for u.s. stocks good morning. i'm maria bartiromo it is tuesday, september 1st, with me once again anchor sand had a rith hedge eye keith mccullough former massachusetts senator scott brown fox business network dagen mcdowell, it is shaping up to be a very tough day for the marks, this morning, for those listening on radio futures are indicating, we are primed for a 300 plus point sell-off in the dow industrial down almost 2%. >> a month of losses winds out last three days in oil market we are still in sell mode, back in sell mode oil prices down 3% right now, it is still, off the lows. let's talk about oil for a minute keith

could i see some necessary, officialtive on new stieths, advertised to all the time hard not to draftkings to amount of people participating to me incredible. >> you see the? general, there is so much happening with internet video applications at you sorts of applications like this one of the favorite forms of attack for bad guys is to use advertising to insert -- in advertising you click that plink -- very possibly put something on computerize going to watch the weigh strokes pick up passwords. >> that is the keys draftkings are giving you free lottery options getting to you participate for free for free for free for money there is real money to be paid. >> paralysis of fantasy, it is a lot of advertising out there. >> what about he overall security right now you had a blockbuster earnings quarter it far exceeded expectations now taking market sharper from sysco do you see this continuing. >> two things first is just cybersecurity very, very clearly interesting, and important topic that is because i think we are losing trust in the digital age things we are talking about, are digital age

. >> it is go time for daily fantasy sports companies like draftkings. we will speak to the c.e.o.pany and its plans for global expansion. betty: good afternoon. i am beverly loot -- betty liu. >> i am olivia sterns. stocks are still in the red, close to session lows. we are down 300 points on the dow. betty: with the holidays coming up, volume is thinning out. olivia: volume is thinning out. the market in mainland china still closed. normally, that

have to make trades, and what is great about fantasy sports you can pick a new roster every week draftkings, you go in pick a new quarterback off you go that is good news. >> so many about variables to keep track of is there a somalia could be struktd for optimaldale -- >> sure, you know, there is companies out there daily roto those type research you know goldman sachs research of the world, and you go to them, and you can help yourself, take that skill level up a notch because by reading, and doing your research, and checking the numbers in the data, off sights you have drew on the show previously, nuvenl at winning use models by using those moldels put yourselves in a better position to win. >> this season would it be 49ers. >> yeah, disappointment crushed yesterday, and you know the mobile quarterback you should be able to get points not only on throw out run, he is somebody that i keep looking at every week, on draftkings value will drop what is great the value drop you are able to put cap. >> less money at that quarterback position. >> good stuff thanks for joining us. >> thanks. >> a

you ma i can it sound so proper, draftking.mbers. 110 million, stuart had that part of it last week, spend on advertising. what do you want to call this person, gambler, a player, player in the united states. this year there's a trade association, fantasy sports trade association and they say the average amount that a fantasy sports player will 465. last year, two years ago, it's $95. it's growing. who is involved? major league baseball has bought a position in draftkins and the one of the large sites. and this is growing and it's huge and according to the trade association just in canada and united states, playing sports, the question, is it gambling or not. ashley: is it legal? yes or no? >> is congress going to step in. >> yes, thisser. >> the answer is no, it's not gambling. the 2006 unlawful internet gaming act create add loophole that specifically permits fantasy sports. you pay a $25 entry fee, you're not waging above that $25. ashley: okay. >> you're also using statistical information and the law outlines how it's suppo

sandra: totally agree. >> it's not just the fanduels and the draftkings, it will be the nfl. >> i don'tsometimes you walk by the sports bar, its walls covered with tv, the guys and gals, by the way, women are playing just as much. they're sitting there watching every game. it's not because they're interested in every team, they're playing fantasy golf ba ball-- fantasy football. >> and this congressman. >> pallone? >> yes. >> he's been vocal about gambling in general in new jersey, but this, i think he's going to have a tough time. there are other things that congress has to worry about rather than the cowboys this season. maria: a moneymaker there. our next guests are clawing their way to the top of the food truck business. they'll tell us about their lobster business. they set up a food truck, cousin's maine lobster ahead of lobster day this week. ♪ ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b

somebody tradition i had in son long leads every week people are trading you know, the daley fantasy draftkingsery night pick players multiple different player and teemz each and every night i think really exciting good for our network the content we want people coming to the tv network as well as our web sites, and listening to the audio every single day. >> you might be only not playing. >> listen, it is statistical just statistic here 8% all 4012k participants made a single investment change in the last decade, we have 50 million people looking at this thing maybe trade a week. >> i -- don't see it as money that is not my -- my nest egg. >> they might want to. >> people are making a living out of this, so you know, if you see some of the players playing each and every day they are making a living doing it if research the content is important the marketing the content marketing to platforms very important because it brings down the acquisition costs, and also allows people to turn, and continue to play each and every night. >> have plutonium up in a good way the cool thing i think about them