less than an hour to the closing bell, i'm cheryl casone in for liz claman. let's start "the claman countdown." cheryl: so after a day of records on wall street, it has been a rough one. the market sinking with the dow seeing its worst day since june 26. we are actually at session lows right now. the dow down 929. we are hitting new session lows. charles was right, this will be a crazy hour, folks. now, here's a question. did the strong start to september just lose its footing? is this a one-off, a one-day event? let's bring in john corpina and phil flynn. john, what do you make of the numbers? >> you know, we haven't seen a day like this in quite some time but let's put it into perspective. we were up 1.5% yesterday, down 3% plus today. so net-net it's down 1.5%, maybe a little more there. if you look at where we have been and how we got to where we are today, clearly very positive momentum that we have seen in this market. you cannot have one-way markets. they can't always go straight up and straight down. there needs to be some sort of healthy volatility in

i'm cheryl casone in for liz claman. here we go, let's start "the claman countdown." cheryl: top market movers, taking a look at wayfair right now. bank of america downgrading shares of the online furniture retailer to neutral from buy. the firm says that its data shows that sales are not shirting as they did -- accelerating as they did during the pandemic as home furnishing sale ramp up in brick and mortar stores. citigroup upping their price target on lululemon, saying the stock actually priced to perfection right now, so defendant watching. lulu. the tech selloff taking down docusign despite the electronic signature platform posting better than expected results for the july quarter, docusign also raising its forecast but valuation concerns are certainly weighing on the stock. and then bucking the tech downdraft, broadcom, the semiconductor maker reported an earnings driven by demand for data-centered chips and expected 5g phone launches. all right, reversal mode is happening right now. we're all in the red are here, the dow, the s&p and the nasdaq, but really it's

you know liz claman loves her peloton. she got me into it and now i love it. >>> on the flipside of all of this, count sports international not getting love despite new york city gyms reopening. the opening of sports clubs across the northeast plunging. they warned they may indeed file for bankruptcy. that stock is down more than 20% right now and it is below $1 a share. that means d listing after 30 days, folks. >>> breaking news right now. president trump is now on his way back to air force one after speaking in the tarheel state on the battleship "north carolina." he was in wilmington. this coming after his administration passed a nationwide eviction moratorium through the end of the year. this will help to ease the minds of millions of americans who are struggling to make ends meet during this pandemic. edward lawrence has more details on that plan from washington. edward? reporter: hey, before i get into that, i know you guys love talking about the federal reserve here. you know, the beige book came out. this is the f

less than an hour to the closing bell, i'm cheryl casone in for liz claman. let's start "the claman countdown." cheryl: we start with virgin galactic reaching for the stars after two bullish calls. bank of america global research initiated the space tourism firm with a buy and street-high price target of 35 bucks. the stock is up more than 23% right now. susquehanna with a positive rating. definitely a stock to watch. >>> from space to the air, airline stocks taking flight after american airlines said it secured a $5.5 billion government loan and it could tap an additional $2 billion more next month. airlines have until wednesday to decide whether to accept u.s. treasury loans which are authorized under the cares act. as you can see, american, delta, united in the green. united making a major announcement, talking about its new deal with its pilots, that could actually avoid furloughs for united airlines pilots. all the stocks are in the green. >>> let's look at inovio pharmaceuticals, plunging after regulators raised questions about a planned phase 2-3 trial

liz claman with "the claman countdown", great context in the financial market world as well, i want to gauge what is our own bipartisan group, smart folks think it what's at stake, let's go to anderson fox new fox news contributor and former obama economic council chair that maybe could have a prominent economic role in a biden administration, and the gop fundraiser, austin if i can begin with you, with the president having to deal with the tax story out of the new york times and how he's avoided paying taxes, it comes as a point of indifference for the president to explain and address that but assuming he did everything buy the book and follow the tax laws, is not going to be enough is this going to be an issue that out of the blue we did not see it coming 48 hours ago and changes this debate? >> i do think it changes the debate one of the main lines of attack on the economy is the president strongest .1 of the lines of attack is what joe biden wants to raise taxes and joe biden's response has been i only want to raise taxes on rich people and they were in that debate and this cannot

. >>> speaking of which, the market itself, liz claman, it ain't too hot right now. liz: no, not at all. not at all. thank you, charles. hey, look, we've got breaking news. tiktok videos are not the only thing moving and shaking at this hour, as details begin to emerge on a deal involving oracle, walmart and tiktok's chinese owner bytedance that looks nothing like the outside sale president trump has demanded. now gop senators are bearing down demanding the no-sale partnership with oracle be rejected. charlie gasparino with breaking news as the clock ticks down to a ban of the social media app. >>> as we head into this final hour, big tech is what's dragging wall street lower. the nasdaq is testing the lows hit during last week's three-day selloff that sent it into a 10% correction. any more than a 206-point loss for the nasdaq and we right now are down 212, so yes, we are now deeper into that correction territory. we knew the pandemic absolutely crushed the travel industry but now booking holdings, forced to take a draconian step ahead of the holiday travel season in

liz claman, you got a lot your plate heading into the last hour of trading for the month of september. liz: what do you think? you just brought up senate majority leader mitch mcconnell who said the two sides are too far apart. we were starting to see a thaw, were we not, and the markets were jumping. you think that was deliberately released to bring the markets down? charles: i think it was deliberately released to create more tension, more pressure, on both sides, by the way, and listen, i'm glad they're talking and i really believe that both sides know this is for the american public. put politics away for a moment. we have a large swath of this country that's suffering too much. let's get everyone in play, and move this country forward. liz: we need to hear more about plans to save individuals and the rest of the country indeed. thank you very much. i was just talking about a thawing for the markets. yes, earlier today, we did hear that of course, stimulus talks would be in play and that we started to hear some smoke signals between nancy pelosi and of course, we were talking abou

as the dow struggles in the overall market, liz claman, struggles to hold on to gains, it was looking pretty good when my show started but a couple headlines tripped it up. liz: okay. i'm glad you took responsibility for that. you can't, really. it's nobody's fault. we have seen a 550 point swing for the dow. folks, we are back from the brink but will we stay there? the s&p which yesterday was teetering on the edge of correction, further from it earlier today as markets bounced back after yesterday's selloff. make no mistake, we have already endured a pretty volatile last couple of hours. suddenly we are heading a little bit into a southerly direction. s&p is still up six although it was up 41. the dow is up 43. it had been up 331, if that tells you anything. >>> we have this developing news. president trump about to possibly address the media ahead of his trip to north carolina where he's expected to lay out his vision for health care if he is elected to a second term. we are going to take you live to the white house as soon as we get the tape if he does stop to speak to the press. >

liz claman, over to you. liz: yeah. looks like there's some life here in the nasdaq, some pretty solid life. thank you very much, charles. the market pendulum -- go ahead. i thought he was going to say something. i hate this delay. the pendulum is swinging back to the bulls at this hour. just look on your screen. yeah, we do have some strength here. it's been a choppy session on wall street but green coming back to the screen late in the session, putting this morning's losses behind us in the rear view mirror, at least for now. got to see what happens in the next 59 minutes. >>> maybe that is due to this. america's most powerful money men arguing before congress that the country needs more stimulus money to battle the coronavirus. wait until you hear who and which industries fed chair jerome powell and treasury secretary steven mnuchin say need it the most. we will have a live report from d.c. >>> we are 90 minutes away from tesla's ceo elon musk's big reveal. it comes at his shareholder and battery day event. we have a

as i hand it over to liz claman, liz, s&p, dow, we came back during the show and just for a split secondas positive. we may get some momentum in your hour. i think the market's hinting we could even get some news during your hour. i'm just saying. that's the way i read it. liz: just sayin', right? you could call it tentative at the moment for the markets because we are just under six hours away from one of the most crucial events of the 2020 presidential race. you are looking live at case western reserve university in cleveland, where tonight at 9:00 p.m. eastern, president trump and democratic nominee joe biden will square off in the first debate of this election cycle. ahead of it, investors

we are near new highs for the session as i hand it over to liz claman for more. liz: yeah. how about that, highs of the session. the hemorrhaging has stopped dead in its tracks, everybody. on wall street right now, the markets slapping a tourniquet on the three-day selloff which accounted for a total market loss of $2.8 trillion. but as we head into this final hour, the bounce-back in full swing. the nasdaq up 330 points, still in correction territory. but should you now sound the all-clear and go back into tech? used car sales are spiking. yes, they are. commuters fearful of the pandemic choosing to drive versus take public transportation. the ceo of advance auto parts is here on how the do-it-yourself environment is driving profits. this is a fox business exclusive and we will ask him if electric vehicle drivers are also doing the diy. >>> ahead of the nfl's first kickoff tomorrow night of the season, this long awaited season, there's a former disney executive who is about to show you his field of dreams plan for canton, ohio and the football hall of fame. are you ready f

as i hand it over to liz claman, liz, s&p, dow, we came back during the show and just for a split second, the nasdaq was positive. we may get some momentum in your hour. i think the market's hinting we could even get some news during your hour. i'm just saying. that's the way i read it. liz: just sayin', right? you could call it tentative at the moment for the markets because we are just under six hours away from one of the most crucial events of the 2020 presidential race. you are looking live at case western reserve university in cleveland, where tonight at 9:00 p.m. eastern, president trump and democratic nominee joe biden will square off in the first debate of this election cycle. ahead of it, investors undecided in this final hour of trade. markets slightly lower, flat, off the lows of the session as charles said. no doubt, though, before making any bets, many want to hear what each candidate has to say about the major economic issues affecting the markets and the economy. so we in this hour are about to give you a jump on that. our special presidential debate economic undercard, a

liz claman is up next and the dow is looking pretty good, but golly, what happened to the stocks? liz: what happened to everything? the nasdaq lost its gains. we are watching all of this very closely. thanks, charles. happy friday. yes, wall street is enduring a very choppy session, looking at its second straight week in the red. you see that the dow while up just a shird of single point, got the s&p down and the nasdaq lower as well. the nation marking the 19th anniversary of the september 11th attacks today with commemoration ceremonies in new york city at the site of the world trade center, in shanksville, pennsylvania where flight 93 went down, and of course, at the pentagon. the deadly terrorist attacks touching nearly all americans but none perhaps more so than cantor fitzgerald chairman and ceo who lost two-thirds of his 960 new york employees that day, including his brother. each year on this day, he brings in celebrities to raise millions for 9/11 charities but this year, we are going to talk to him about going digital due to another national tragedy that has gripped the n

liz claman is coming next. you got a pretty good rally heading into the last hour of trading. liz: this is wild, charles. i've got a question. are mega-mergers juicing the market bulls or is it working the other way, are the bulls juicing this mega-merger atmosphere? what do you think? charles: the key is to watch how many companies use their stock versus all cash. this nvidia deal is a combination of both. when i see companies start to use the stock, that's a red flag. when they use cash, that means they think their stock is undervalued. let's watch that for awhile as the mergers continue. liz: cold hard cash, keep an eye on that. charles, thank you. whatever the answer, right, the markets are showing extreme optimism as we head into the final hour of trade. new vaccine hopes are adding to the mix and yes, right now, the dow is topping 28,000 by a single point. the nasdaq, back above 11,000. we are at 11,044. the s&p is moving higher by 1.33% after two straight weeks of selling. >>> oracle says it's won its tech battle against microsoft to partner up with the chinese social me

we are near new highs for the session as i hand it over to liz claman for more. liz: yeah. highs of the session. the hemorrhaging has stopped dead in its tracks, everybody. on wall street right now, the markets slapping a tourniquet on the three-day selloff which accounted for a total market loss of $2.8 trillion. but as we head into this final hour, the bounce-back in full swing. the nasdaq up 330 points, still in correction territory. but should you now sound the all-clear and go back into tech? used car sales are spiking. yes, they are. commuters fearful of the pandemic choosing to drive versus take public transportation. the ceo of advance auto parts is here on how the

folks, i wasn't able to do it the last couple days but liz claman, i think she will appreciate that i'm handing her a pretty good way to end what has been a tough week otherwise. liz? liz: oh, just right through the camera, just hand it to me. i will take it. i like it so much. thank you very much. although we love our short sellers, too, as always. have a great weekend, charles. >>> too little, too late. yes, we have a lot of nice moves here. the markets are higher, but it's small consolation because the dow is having its worst week in three months and about to clock the longest losing streak in a year, even as it jumps 304 points. look at the nasdaq, up 217. as black unemployment numbers spike higher than the rest of the nation, we are awaiting president trump. he will take the stage in atlanta momentarily. he's about to reveal what he's calling the platinum plan to encourage black economic empowerment. we will take you there as soon as it begins. >>> it comes as the latest tiktok deadline has come and gone. we just have breaking news out of washington, d.c. the justice department has

liz claman, hold on to your hat. liz: in fact, i'm doing some back of the envelope math here. the nasdaq over the past three sessions has lost about 1,129 points. big chunk there, definitely. the other indices are really kind of tanking at the moment. we do have a treasury tuesday on our hands. the first trading day after the long labor day weekend has the bulls diving for cover. the vix, wall street's fear gauge, popping 5% but the volatility index is volatile itself. just a few minutes ago it was up 9% so we are looking at a lot of movement moment by moment. with the addition of the oil markets, which we're in the aftermarket right now, oil markets are crumbling. we do have crude down $2.70, down about 6.7%. we have the new demand worries triggered by china tensions and the lingering pandemic, put in with all the markets. here we go with follow-through. the dow right now down 566. we have the s&p lower by 83. the nasdaq down 396. our floor show traders, including jpmorgan's david kelly, are getting in front of the cameras. they will have instant reaction. >>> from northweste

charles: not a lot of folks seem interested in stepping up ahead of this week, liz claman? liz: not at all. we have quadruple witching which is frightening the markets and we're no near halloween. nasdaq plunging deeper into correction territory. it is down 144 points as it aims for longest weekly losing streak this yeeshg -- year, it is bringing the dow and s&p along with it. now we know midnight monday is the slow death of tik-tok u.s. app and that will begin unless its chinese parent byte dance and joint venture partner oracle can somehow clinch a deal acceptable to president trump. the venture never really fit his original parameters with oracle, but coming up, why did president trump ever get involved in banning tik-tok in the first place? what gave him the idea? is it something he may live to regret? we have breaking news on that, and coming up, we have the lawyer who has argued before the committee on foreign investment in the u.s. for many both the domestic and foreign clients on whether oracle has the chance to save tik-tok by sunday night. another superstar unicorn

folks, as we drift towards the lows of the day, i want to hand it over to my colleague, liz claman. you know, it's tough, i don't see any buyers stepping up into this thing right now, liz are. liz: i don't either. but do you see a reason? that's what we're kind of hunting for. could it be powell saying, look, we've done everything we have done at the federal reserve. we're searching too here. what do you think? charles: that randy quarrels piece that came out echoed almost everything the fed has been saying, but there was a line in there -- and it came out exactly at 2:00 when the snowball became a boulder -- that seemed to be saying loud and clear that the economy is going to fall apart if the federal government does not act. they've been whispering it, now it feels like the federal reserve is yelling it. the market hears ultimate, i'm not sure d.c. does. liz: let me be clear, he's right, the fed moves the markets. stocks -- thank you, charles -- are stinking, are sinking -- think kind of are stinking -- [laughter] as big tech selling of apple, amazon, facebook offsets j&j's vaccine

charles: not a lot of folks seem interested in stepping up ahead of this week, liz claman? is frightening the markets and we're no near halloween. nasdaq plunging deeper into correction territory. it is down 144 points as it aims for longest weekly losing streak this yeeshg -- year, it is bringing the dow and s&p along with it. now we know midnight monday is the slow death of tik-tok u.s. app and that will begin unless its chinese parent byte dance and joint venture partner oracle can somehow clinc a

liz claman, over to you. liz: yeah. in the nasdaq, some pretty solid life. thank you very much, charles. the market pendulum -- go ahead. i thought he was going to say something. i hate this delay. the pendulum is swinging back to the bulls at this hour. just look on your screen. yeah, we do have some strength here. it's been a choppy session on wall street but green coming back to the screen late in the session, putting this morning's losses behind us in the rear view mirror, at least for now. got to see what happens in the next 59 minutes. >>> maybe that is due to this.

. >>> liz claman, i wish i could give you a better market but this is part of the process, finding equilibrium. liz: well, yes, and i think right now, we have got gravitational pull yanking the markets all over the place. charles, also breaking news, we are being told that president trump is expected to hold a white house news conference at any moment. this announcement of the conference actually came just about an hour and a half ago and minutes after the senate failed to pass a procedural vote for the gop's $300 billion coronavirus stimulus bill. with the republicans' bill now dead and the democrats' house bill which was passed in limbo, that froze the idea of future financial aid to those affected by the pandemic. we are going to go straight to the white house when the news conference happens. >>> meantime, talking about the magnetic pull. yes, wall street charts are all over the place. right now the downside is winning out. we have stocks sinking deeper into the red. dow jones industrials down 264. look at the nasdaq, down 155. but major swings here. we are watching this market very closel

liz claman, hold on to your hat. liz: in fact, i'm doing some back of the envelope math here. the past three sessions has lost about 1,129 points. big chunk there, definitely. the other indices are really kind of tanking at the moment. we do have a treasury tuesday on our hands. the first trading day after the long labor day weekend has the bulls diving for cover. the vix, wall street's fear gauge, popping 5% but the volatility index is volatile itself. just a few minutes ago it was up 9% so we are looking at a lot of movement moment by moment. with the addition of the oil markets, which we're in the aftermarket right now, oil

. >>> speaking of which, the market itself, liz claman, it ain't too hot right now. at all. thank you, charles. hey, look, we've got breaking news. tiktok videos are not the only thing moving and shaking at this hour, as details begin to emerge on a deal involving oracle, walmart and tiktok's chinese owner bytedance that looks nothing like the outside sale president trump has demanded. now gop senators are bearing down demanding the no-sale partnership with oracle be rejected. charlie gasparino with breaking news as the clock ticks down to a ban of the social media app. >>> as we head into this final hour, big tech is what's

cheryl casone in for liz claman. buckling up, for sure.start the holiday weekend in a couple more hours. this is going to be fun, charles. thank you very much. well, folks, we could be looking at a major comeback. markets are well off of the lows heading into the very long labor day weekend. are you ready for it? a tech sector selloff earlier sending markets tumbling for a second day in a row after we say's record closes. but not the case right now. the dow down as much as 628 points, and as you can see right now, taking a look at

we are still positive as we head to the last hour of trading and liz claman, over to you. liz: i like docusign. makes life very easy. charles, if you shorted apple's ability to pull a rabbit out of a hat this time around, you're kind of hanging up now. apple unleashing a blockbuster suite of new features for its watch, ipad and more. it initially sparked a big tech rally. the stock was up, it has just turned negative right now. little bit of selling on the news. because it is a dow, nasdaq and s&p component, kind of has outsized muscle to move those indices in either direction so they are all off their earlier highs but not by much. we are still in the green for the dow, s&p and nasdaq. the dow was up 237 points at its high. it is still heading toward its third straight winning streak, up 65 points. s&p better by 22. the nasdaq up 148. >>> you could argue that the dow and the s&p are hamstrung by some serious weakness in financials, particularly regarding citigroup. that stock is taking a hit right now. it's down about 4.7%. we are watching all the financials. goldman's dow

we are still positive as we head to the last hour of trading and liz claman, over to you. charles, if you shorted apple's ability to pull a rabbit out of a hat this time around, you're kind of hanging up now. apple unleashing a blockbuster suite of new features for its watch, ipad and more. it initially sparked a big tech rally. the stock was up, it has just turned negative right now. little bit of selling on the news. because it is a dow, nasdaq and s&p component, kind of has outsized muscle to move those indices in either direction so they are all off their earlier highs but not by much. we are still in the green for the dow, s&p and nasdaq.

liz claman is coming next. you got a pretty good rally heading into the last hour of trading. s is wild, charles. i've got a question. are mega-mergers juicing the market bulls or is it working the other way, are the bulls juicing this mega-merger atmosphere? what do you think? charles: the key is to watch how many companies use their stock versus all cash. this nvidia deal is a combination of both. when i see companies start to use the stock, that's a red flag. when they use cash, that means they think their stock is undervalued. let's watch that for awhile as the mergers continue. liz: cold hard cash, keep

. >>> liz claman, i wish i could give you a better market but this is part of the process, finding equilibriumonal pull yanking the markets all over the place. charles, also breaking news, we are being told that president trump is expected to hold a white house news conference at any moment. this announcement of the conference actually came just about an hour and a half ago and minutes after the senate failed to pass a procedural vote for the gop's $300 billion coronavirus stimulus bill. with the republicans' bill now dead and the democrats' house bill which was passed in limbo, that froze the idea of future financial aid to those affected

liz claman, you're a legend when it comes to the market reporting -- [laughter] so we're going to need] liz: yeah, a legend in my own mind. i mean, in my own time. okay, charles, thank you. charles: yes. liz: economic and political forces are sending traders rushing to bang on the sell button. we are off the lows, but ang si over a second -- anxiety over a second wave, a banking scandal and how an unexpected opening on the supreme court could put stimulus negotiations on hold all pushing stocks underwater. american deaths from the

folks, as we drift towards the lows of the day, i want to hand it over to my colleague, liz claman. o this thing right now, liz are. liz: i don't either. but do you see a reason? that's what we're kind of hunting for. could it be powell saying, look, we've done everything we have done at the federal reserve. we're searching too here. what do you think? charles: that randy quarrels piece that came out echoed almost everything the fed has been saying, but there was a line in there -- and it came out exactly at 2:00 when the snowball became a boulder -- that seemed to be saying loud and clear that the economy is going to fall apart if the federal government does not act. they've been whispering it, now it feels like the federal reserve is yelling it. the market hears ultimate, i'm not sure d.c.

cheryl casone in for liz claman. over to you. cheryl: thank you very much, sir. were just saying the markets are looking for three in a row today as they shake off the longest weekly losing streak in more than a year. the dow right now up 506 points, off session highs but still strong performance for the dow. the s&p is up by 60, nasdaq up by 197. bouncing higher led pretty much by financials and also some of the travel-related stocks. we will get into that coming up during the show. all of this comes as team trump has failed in its legal bid to ban the chinese video app tiktok. a judge ruling yesterday that tiktok can stay on apple and google's app stores. charlie gaspano

cheryl casone in for liz claman.ck of a last hour of trading. something tells me it will be buckle up. cheryl: i think it is a buckle up hour but i will tell you this, markets might be taking a breather, maybe that's okay sometimes. thank you very much, charles payne. here we go, buddy. we have a late summer selloff on our hands right now. after markets plummeted late this morning with one of the lead members of the white house coronavirus task force, dr. anthony fauci, saying it's unlikely that a coronavirus vaccine will be ready by the end of october. the dow tumbling 912 points at its low just a couple of moments ago. markets erasing all of the gains of the week. as you can see, the dow is down 891. we are pushing the session lows. the s&p down 137, tech-heavy nasdaq, headed down at the close r

liz claman is up next and the dow is looking pretty good, but golly, what happened to the stocks? ely. thanks, charles. happy friday. yes, wall street is enduring a very choppy session, looking at its second straight week in the red. you see that the dow while up just a shird of single point, got the s&p down and the nasdaq lower as well. the nation marking the 19th anniversary of the september 11th attacks today with commemoration ceremonies in new york city at the site of the world trade center, in shanksville, pennsylvania where flight 93 went down, and of

as the dow struggles in the overall market, liz claman, struggles to hold on to gains, it was looking headlines tripped it up. liz: okay. i'm glad you took responsibility for that. you can't, really. it's nobody's fault. we have seen a 550 point swing for the dow. folks, we are back from the brink but will we stay there? the s&p which yesterday was teetering on the edge of correction, further from it earlier today as markets bounced back after yesterday's selloff. make no mistake, we have already endured a pretty volatile last couple of hours. suddenly we are heading a little bit into a southerly direction. s&p

liz claman, you got a lot your plate heading into the last hour of trading for the month of septembernk? you just brought up senate majority leader mitch mcconnell who said the two sides are too far apart. we were starting to see a thaw, were we not, and the markets were jumping. you think that was deliberately released to bring the markets down? charles: i think it was deliberately released to create more tension, more pressure, on both sides, by the way, and listen, i'm glad they're talking and i really believe that both sides know this is for the american public. put politics away for a moment. we have a large swath of this country that's suffering too much. let's get everyone in play, and move this country forward. liz: we need to hear more about plans to save individuals and the rest of the country

liz claman, you're a legend when it comes to the market reporting -- [laughter] so we're going to need everything you bring today. [laughter] liz: yeah, a legend in my own mind. i mean, in my own time. okay, charles, thank you. charles: yes. liz: economic and political forces are sending traders rushing to bang on the sell button. we are off the lows, but ang si over a second -- anxiety over a second wave, a banking scandal and how an unexpected opening on the supreme court could put stimulus negotiations on hold all pushing stocks underwater. american deaths from the coronavirus perilously close to the 200,000 mark at this hour. deutsche bank, jpmorgan chase, standard charter among the banking giants talking a brutal hit as an investigative reporter alleges they all laundered trillions of dollars for terrorists, oligarchs and drug kingpuns. this is great -- kingpins. this as the death of justice ginsburg throws a wrench into the 2020 race. could it interrupt passage of new stimulus money that desperate americans and small businesses are waiting for? mark the numbers, dow jones industr

folks, i wasn't able to do it the last couple days but liz claman, i think she will appreciate that i'm a pretty good way to end what has been a tough week otherwise. liz? liz: oh, just right through the camera, just hand it to me. i will take it. i like it so much. thank you very much. although we love our short sellers, too, as always. have a great weekend, charles. >>> too little, too late. yes, we have a lot of nice moves here. the markets are higher, but it's small consolation because the dow is having its worst week in three months and about to clock the longest losing streak in a year, even as it jumps 304 points. look at the nasdaq, up 217. as black unemployment numbers spike higher than the rest of the nation, we are awaiting president trump. he will take the stage in atlanta momentarily. he's abo

she's in for liz claman. c.p. effect, you got the momentum. let's see what you can do with it.uddy. we will keep it going. we do have breaking news, as you just mentioned. that is the president. president trump right now is holding a roundtable discussion with wisconsin law enforcement officials at bradford high school in kenosha. this is happening live on your screen right there. he's in the badger state. he's touring some of the destruction following riots and unrest after the police shooting of jacob blake. we are going to go straight back to kenosha if the president takes questions at the end of

she's in for liz claman. c.p. effect, you got the momentum. let's see what you can do with it. cheryl: i hear you, buddy. we will keep it going. we do have breaking news, as you just mentioned. that is the president. president trump right now is holding a roundtable discussion with wisconsin law enforcement officials at bradford high school in kenosha. this is happening live on your screen right there. he's in the badger state. he's touring some of the destruction following riots and unrest after the police shooting of jacob blake. we are going to go straight back to kenosha if the president takes questions at the end of the event. we are monitoring his comments right now for any news that breaks. we are on this event for you. >>> meanwhile, got to look at the markets. kicking off the first trading day of september with new records for the s&p 500 and the nasdaq, and the dow is back in positive territory for the year. we shall see if these numbers hold through the rest of the hour. >>> you know, september's traditionally the worst month of the year for the stock market. but we

lauren: john told liz claman that peloton will have 100 million users in the next decade or two, theyw, this means they would have to add between five and 10 billion subscribers per year that seemed like a tall order but t peloton shares are p 200% in market cap close to $225 billion, the future growth is unlimited and investors are starting to disagree, that's why you see them extend the selloff that they had on friday, friday they put out the terrific earnings report and they tripled their sales, workouts doubled in the quarter, it could not get any better than that because peloton reminds us of what her old life was like when you look at zuma peloton, it's an idea let me have normal at home in a new way but when there's a vaccine are we still going to want peloton or will we want to go to the traditional jim, a lot of the lockdown winners -- lockdown losers right now. stuart: losers right now, $80 a share last week it hit $100 a share, it's come back down to a level of 80 bucks as we speak. thank you lauren, this is intriguing, a big new shopping day, a whole new invented shopping

liz, bruce you articulated it so well. a healthy dose of caution. a lot of positives here. bruce biddle of bear, that will do it for "the claman countdown" a green day on wall street. melissa: stocks rallying on positive vaccine developments in major deals in technology. happy monday, i'm melissa francis. hey, connell. connell: hey there, melissa, happy monday indeed. welcome to "after the bell." second day of gains for the s&p. the nasdaq snapping a two-day losing streak and up almost 2% on the day. we'll talk a lot about it and cover the other big stories with fox business team coverage. blake burman at white house. gerri willis is watching those markets. we start today with edward lawrence in washington. new details on a possible coronavirus vaccine. edward. reporter: connell that is what is propelling the markets today. we have positive news out of two vaccine makers. the first one pfizer. the ceo of pfizer says they will have enough critical data in october to be able to submit for approval should everything go as expected. he has said this before but this is a little different because it comes as astrazeneca saw a minor

liz: got it. joe mclean, intersect capital. love to have you on. frein on the screen, we don't have it. a lot of red. that will do it for "the claman countdown." connell: the number of jobless claims sparking concern about the economic recovery. we do end up down for the day. we'll go through it. i'm connell mcshane. melissa: and i'm melissa francis. this is "after the bell." major averages closing off the low of the day. the dow snapping a four-day winning streak as you can see there. the s&p and the nasdaq in the red for the second day. we have fox business team coverage. blake burman is live at the white house, gerri willis is following markets, edward lawrence is in d.c. gerri, we'll kick it off with you. reporter: all major averages here all three of them in the red today. as you just saw the dow finishing down 130. the s&p down 28, the nasdaq down 140. we were concerned it was going to slip further into correction territory. did not do that but not by a lot, my friends. what was going on there? big tech, momentum stocks having the most trouble here today as we start to think about the recovery, is it real, what's going on with the concer