scene and so who will be the new dave portland's somebody is in the wings they'll be the new dave portnoy i might add in response to his 3 f on this one tesla announces $5000000000.00 at the market stock sale so certainly iran must did a good job as the c.e.o. dumping on chumps on robin hood out following day fortnight so they dumped right there and the stock. market composition i believe triggered a vesting schedule all for him that's worth hundreds of billions of dollars alternately. perhaps so he's and the lot of innuendo and allegations of manipulation in the options market in terms of the stock price so you know you're dealing with some pretty sophisticated folks out there and particularly the options traders the know they've lost billions of dollars they're trying to discourage people from doing that they did it anyway yeah we cover the options market the last episode and they apparently did have some play in the whole tesla thing and it could have been solved bank you could have been all these robin hood traders because retail investors were the largest options traders in the world

kind of feels like it should be a good analogy for what's going on in the stock market some dave portnoy and his followers and the pleading for them to like somebody has to eat these losses right this is the fed policy jim cramer you know one day a day fortnight i will go to jim cramer and not not to jim cramer but to jay powell plead with a palace eat his unused lunch on eating lunch right now he still. in the old school of like capitalism you appeal to the c.e.o.'s like do something make your stock price go up he realized that so i must is not where the power lies as with the the fed and you've got to have the fed start eating your own in bags of stocks right so you've got it get see that woman eating that food the principle we have to get a pal to eat dave courtney's bag of tesla shares yeah exactly different i thought on that learning curve you know he hasn't reached the the head of the state get in terms of the fed he will figure that out but you never are even a year ago to enormous problems in the world war over tourism in all major cities and raging obesity everywhere in the worl

we're going to get over to jim f a mad dash there's your boy, portnoy.n musk, do something yeah, $389 billion market value coming into trading today on tesla, but it's not going to be that when we open. >> remember, elon musk did answer portnoy's tweet we have to believe that was elon musk not that long ago so it's entirely possible he will respond again. tony says current valuation is mind boggling. i like that. but he does say it's a fool's game to predict where it's going to go. if you want to look at the fundamentals of tesla, remember, it is making cars. it did raise a huge amount of money. it has confounded everybody over and over an over again let's say elon musk comes in and say, you know what, dave, i'll bottom the stock he watches portnoy as does soft bank the key to this market is portnoy's next move. >> still >> because the nfl doesn't begin until thursday. >> when does this end? or is this with us now i know portnoy has told you when sports moves back he'll move back to focusing on that we use him as a reflection of a broader level of specul

. >> fryer tuck is about to -- >> is fryer tuck dave portnoy. >> no, he's doing the sports book there he's still stocks, a resilient fella. david, there are some calls i thought you were going to drive me to in terms of a speculative tok. >> okay. >> designee. when you see needham cutting numbers by 26%, looking for 69 cent loss, parks down 69%, david, that's not good. >> it's not good parks is tough we know that we know that as well for comcast. theme parks is a tough business to be in. >> in a pandemic it's their first pandemic. >> listen, at least they're open. >> yeah. >> people are coming. >> they are open but when they start -- >> movie theaters, remember those, still an important part of it. and then sports rights and -- listen, bundle -- we know all the questions, but investors, jim, are solely focused on one thing at disney and you know what it is. >> what? >> direct to consumer. that's it. that's all they care about. >> why not ultimate fight club that's on some island somewhere, we don't know where that is in order to be able to prevent covid. >> is that what they're doing

dave portnoy, thank you. >> thanks for having me. ♪ family's freedom with the off-road's best...s that doesn't require a cell connection! upgrade your ride for as little as five dollars a day. polaris. think outside. tune in every weeknight to the show that is the sworn enemy of groupthink. have a great evening. we'll see you tomorrow. ♪ >> mark: hello, america. i am mark levin. this is "life liberty, & levin". i have a great guest, you mayle have heard of him before, hiss name is sean hannity, one of my best, closest, longtime friends. >> sean: it is mutual. there is a reason that i call you the great one. >> mark: this is a very important program. i've known you a long time. we talk a lotra about what is going on in this country.

what, carl >> 9:31 our first portnoy reference, that's a record. >> did elon weigh in and save portnoyrday? portnoy is just -- i regarding him as fun what does matter is that he did raise in twitter a commentary about how there are a lot of people that could come on air and basically scare you. and i said, do you know what, there are positions and places where you should be scared, but there's others where you have a great opportunity. if they are going to bring down all stocks, maybe microsoft -- that was a good piece, that wasn't a yahoo piece by keith wise i kind of liked that i think that's interesting i felt that when you look at astrazeneca if you believe that that one incident is not dispositive, there is a good company. i'm more circumspect, but there is a lot of things that make me feel like there's opportunity after three days down, but not necessarily tech, if neck opens up really high. >> and not necessarily tesla which we should point out is up 3 320% for the year and is rebounding 6%, what was it down 19% yesterday? >> that's a tough one. david, they did that at the marke

steeple taking the bet on the portnoy momentum trade, as barstool founder dave portnoy. raising its price target from $47 to $84 a share two days after the soft launch of team-up sports betting app. guess where it stands now? $71.62 for a gain of 5.5%. >>> all right. breaking news about tiktok. is president trump about to hold true to the red line he drew that tiktok be severed from its chinese parent and sold to an american tech company or is he hours away from backing away and accepting a compromise? to the timeline on your screen, folks. july 31st, aboard air force one, president trump tells reporters quote, we're banning tiktok, he says it's a national security threat because bytedance, the chinese company that owns it, has a huge amount of user data it collects from americans. then august 6th, the president signs an executive order saying the situation is a national emergency with respect to securing the tech supply chain here in the u.s. then august 14th, late friday night, 7:45 p.m., he signs another eo saying credible evidence bytedance might take action that thr

special guest was barstool sports founder dave portnoy. you sent us some amazing questions, right?ve tv we couldn't get to all of them. i will answer as many as we canada. i brought in david nicholas, from nicholas wealth management to help me out. let's go right to the first one. a video from an individual in the sunshine state. patrick. let's take a listen. >> patrick goss, mill ton, florida. i'm a bit concerned about market uncertainty. as an individual investor but only with an retirement account, should i take this year's profits now and then jump back into the market once the election winner is determined? charles: i will say this, certainly a lot of profit-taking today for sure. i normally take profits on most positions on the way up. i got to be honest, i'm frustrated as heck when they keep going up. yesterday we took profits on page -- down 30%. xyz at 50 bucks, is not the same as xyz at $20. i preach this all the time on the show. if the fundamentals haven't changed, that means the stock could be overbought. that something you have to monitor. david, how do you handle the

you mentioned dave portnoy there are a lot of things who make some of us who live through the 1990s,ple talking tech stocks. a lot of questions whether the incentive system was appropriate. there was a lot of -- you know, as warren buffet likes to say, when the tide goes out, you really get to see, well, who's wearing clothes, who isn't, what's really happening. when the tide goes out on this one, what do you think we're going to see >> well, i think ultimately what we saw coming out of the tech boom and the tech bust and what we saw coming out of 2007, 2009 is that ultimately cash flow matters. you have stocks trade at some multiple of cash flow. ultimately most stocks tend to trade around 20, 25 times. good growth stocks of earnings i believe that tesla will eventually trade there when will that be given that they barely make money now and how much money can they make one of the reasons that stocks like that are -- just have such wild volatility and such potentially extreme valuations is that the range of reasonable assumptions for the future is so broad. when you have a stock that

i don't think dave portnoy has a very high opinion of me since i called him like a taxi driver whose from the town hall charles: [laughter] well, you know, my thing with the town hall, stuart, is forever, i have been a champion of individuals taking their own destiny in their hands. i'll give you an example. this morning zoom stock is upper the year about 400%. citigroup had a sell recommendation on it. almost every firm thought it was overbought, so you wouldn't have owned that if you were listening to a traditional firm. you wouldn't have owned any stocks quite frankly you wouldn't be in the market so a guy like dave portnoy says i'm going to try the stock market and he's making a lot of money, a lot of people are making a lot of money and i want them to continue and not be discouraged by the wall street machine that says you should be satisfied with 5% a year although if goldman sachs comes out with their earnings and their trading department doesn't make 50% that stock goes down so two separate rules two separate realities but there are things that are going to happen in this mar

>> first and foremost impressed by dave portnoy.g the industry that stocks never go down. here is a guy who stwartd 3 million and admitted that he was down 2 million immediately. he put in another 2 million. so his 5 million is over $9 million now and just a six month period. for me the gist and my whole life, you know, brian, i think i have given you stock tips, right? i want people to invest in the market. not just the market, find these great companies, particularly great american companies that are going to be around after you die. it's just the most amazing money-making machine in the history of mankind. everyone watching this is probably logged ton zoom this year. but i bet you only 1% own the stock. it's just crazy how we explain about the rich criticize it. i will take money from the wealthy. don't take it from them. i want to follow in their footsteps. dave portnoy did just that he has made some mistakes but he is learning from those mistakes and the most important thing to me is procrastination, intimidation and don't let

one sports better turned stock trader, dave portnoy, draftkings sup 13% because m.j. advisor. that is bananas. they're code taking his action which makes sense. michael jordan is known as a sports gambler. we have dave port i don't with charles payne at 2:00 p.m. even you know who michael jordan is. everybody wants to be like mike, including stu varney. stuart: everybody knows michael jordan one of the stand out sports figures of the last century. susan: greatest of all time. stuart: larry kudlow, very important, he is the top guy in the white house in terms of economics. he is on this show today. >>> next case, what else we got? demand for gas not great as we continue to work from home. how about that? our next guest does not expect demand for gasoline to pick up anytime soon. that is interest. and now, the normal view of sixth avenue in the rain. look at that. look at that. there is nobody there. we'll be back. i am robert strickler. i've been involved in communications in the media for 45 years. i've been taking prevagen on a regular basis for at least eight years.

i happen to like penn nat very much look, we haven't mentioned portnoy yet. okay, portnoy.e penn national because they built an incredible network of physical casinos where they've actually figured out how to be able to do social distancing and still make money. like darden where they can have a restaurant that only has 25% seating and make money jay snowden it went the anti-macau way i'm over here. >> i know where you are. jay snowden from penn national went the anti-macau way. >> he is a visionary is there a plaque? is there anything for him in vegas? >> no. >> why >> bugsy siegel. >> mo green. but you got it >> mo green or lansky? >> these are mythical characters. >> let's get to fixed number we're joined by rick santelli. good morning. >> good morning, david you know, we had some important data out this morning, but the issue with weak headline numbers for preliminary durable goods is that it's a volatile series on its final stages so these numbers are definitely going to change. the bright spot is having said that, that the proxy for capital spending in the form of cap

throughout the length of this pandemic, we checked in regularly with dave portnoy did about how he isy he had his own scare with the coronavirus. he joins us not to discuss his time in lockdown and what he has learned. i thank you for joining us tonight. so, first i have to ask you about the expended period you spend in bed sick. did you have the virus? >> yeah, so i did. i tested positive. as we are filming this right now, i just ended my quarantine two days ago. i was inside for two straight weeks, 14 days. when i made the original video saying i felt sick, i didn't know i had it. i think i've had it like eight times. >> tucker: where did you get it? you know? >> no. i was in the hamptons and i was actually with the group. like six or seven of us all tested positive. we were staying together. i would love to know who gave it to me. >> tucker: you were staying with six or seven people at once in the hamptons. i don't feel like i should ask a follow-up question there. i am glad you are okay. >> it's a five bedroom apartment. it wasn't like we were all crammed together. >> tucker: what

the dave portnoy effect has not hurt them. i love stamps. i am getting waxed in it. think it is most undervalued stock in the company. phil you've been also advocating this barbell approach. what is interesting when the market comes down like it has in the last few days everything goes down so how do you tell someone, hey, this barbell approach is the right way to go when you might miss the big gains in tech on the upside and all of your stocks go down when they all go down? >> because you have to have a belief we're getting out of this. if we get out of this, out of recession, what will win, first off mid-caps. underloveed sector. look at mid-cap space. load up there, really win when we get out of recession. value is still underperforming growth. for that reason i think we're out of the recession with a vaccine sometime early next year. in that case you will win buying the names that are cheapest. take profit in growth. rotate -- grow growth tilt. catch what you're talking about. take profit. be a good portfolio manager. mid-cap, you love it on other side of the rec

have to remember, those are buy and hold, sorry, those are not buy and hold day traders like dave portnoy and millenials for the most part. when you see selling in the marketplace people will lock in the profits, new money. you see it exacerbate like a domino effect. these are not people that want to hold over the long run in general. the second reason i think you see the shift out of growth into value. you heard some of the cruise liners and retail are green on the day? that's amazing! so i do think the shift from growth to value is long overdue. we're seeing it happen. connell: let's talk a little bit, jonathan what that might look like. some days we're looking for news events that might spark it, whether it is political comments or something else but you're always good at sticking to price. it seems to me that is the story today. heather said we're up so much you have to come down it looks like this. how do you see it playing out? >> that is exactly it, connell. higher they fly, they fall pretty hard when they fall and we haven't -- we've forgotten what a selloff looks like. so far, co

here is barstool sports founder dave portnoy just last hour during "america invests together," that townot in at the beginning of corona, in march, around there. i learned. i evolved. i have had a fun time doing it. i learned doing it. it has been very successful so far. reporter: setting up an account takes 15 minutes online. all you need is a computer or phone. hard part is choosing actual investments. you have to roll up your sleeve, do research about companies you might want to invest in. experts is a you always have to do your homework. remember foxbusiness.com is ends hag the portfolio tracker and real time market data. it is all free. we're giving you tools too, cheryl. cheryl: jackie deangelis great report from the newsroom. tesla, bonds hitting a record high as the automaker makes plans to sell five million dollars. ford are bonds fallen angel index outperforming the high yield market this year. today's closer, dave albright new fleet asset management. he joins us now. dave. talk about this fallen angel opportunity. >> this year alone we had 150 billion of fallen angels. we anti

portnoy is like the pied piper in stock, as you know now, and in sports betting. be interesting to see what he focuses on when betting starts back. ours is more about the real better and providing sports news, sports data and all the information necessary to make a bet and that's what we have on the media app. that's what we integrated score bet into. so it's a really different approach. it's going to be fun when we go head-to-head with them. but you know, the market is so huge, right, there's room for everybody. you don't need [ inaudible ] the other guys are talking about. if you can get 5%, 10% market share in any state you go into, that's a hell of a nice business. liz: okay. yeah. you want to crush your rivals, john. just admit it. listen, good luck. we will be looking for -- >> i do want to crush these guys. no question about it. but we are trying -- liz: i know. i knew it. what do you think, i'm dumb? >> we're not going to overspend like the other guys. we're not going to go in and sponsor hot dog eating contests or put our names on top of stadiums. we are

barstool sports founder dave portnoy and i will answer your questions how you can take control of yourwn wealth and investments. by the way, it is not too late, message us @fox business and on facebook or instagram. email us at investedinyou@foxbusiness.com. we have a avalanche of questions. we want to get more. we'll get to as many as possible. it will be a great show. >>> at this moment president trump showcasing his message as the law and order president as he visits wisconsin. we will bring you any comments he makes during the hour. joe biden makes a fracking flip-flop on the campaign trail. i wonder what aoc thinks as she continues to conquer the democrat establishment. we'll be right back. - did you know that americans that bought gold in 2005 quadrupled their money by 2012? and even now, many experts predict the next gold rush is just beginning. so call us money reserve, the only precious metals organization led by a former director of the united states mint. as one of the largest us gold coin distributors in the country, us money reserve has proudly served hundreds of thousands

. >> hosts a virtual town hall with dave portnoy talking about how you can take your own wealth and investments, 2:00 eastern on fox business. president trump speaking in kenosha, wisconsin, after protests there and in portland, oregon. now the acting dhs secretary are you still at risk for a heart attack or stroke? even if you're on a statin? statins may lower some risks, but may not be enough. that's why science delivered vascepa. for people who have persistent cardiovascular risk factors and take a statin only vascepa is clinically proven to provide 25% lower risk from heart attack and stroke. don't take vascepa if you're allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor about any medicines you take, and if you are allergic to fish or shellfish. stop taking vascepa and seek medical help if you have symptoms of an allergic reaction. serious side effects may occur like heart rhythm problems and bleeding. heart rhythm problems may occur in more people with persistent cardiovascular risk or who have had heart rhythm problems. tell your doctor if you have symptom

. >>> how about steeple betting on dave portnoy and betting a street high of $85 they expect the sportsnue through the fall portnoy and penn have a deal to launch the bar stool sports betting. penn national down 1% after being up 162% this year. it's at 67 dominos pizza has emerged as a top idea certainly been a top performer they reiterated their outperform raised earnings estimates. the stock price is $435 a share up from 385 this morning when we return, we'll talk taxes with john hope bryant and kevin o'leary. we'll talk salt in particular. "squawk box" will be right back. >>> welcome back to "squawk box" this morning the futures, take a look this morning. red arrows across the board. dow opening down 208 points. s&p 500 down 34 points nasdaq down 168 points we'll show you treasury yields as we speak as well. you're looking at the 10-year notoriety now at .667. let's take a quick look at what's going on in europe right now. we'll flip the board around for you so you can see what's going on across the 307pond as they sy red arrows there as well then we are watching airlines this morni

a shout out to dave portnoy. >> dave, brian, thank you very much >>> coming up, a big lineup still aheadc chairman harvey pitt to weigh in on developing story of robinhood. a reported probe into the unicorn over the way it discloses how it makes money. >>> plus, with the race for the best electric vehicle battery coming up, bill gates-backed spac and as we get to a break, take another look at the futures indicated low on the nasdaq by 1% 123 points dow pulled back 16 points. s&p looking like it would open do 1 o1%wn/3f at massmutual, we know that traditions matter more if they're celebrated with the ones you love. that's why we're proud to partner with the kentucky derby. ♪ >>> the dow pushing above 29,000 for the first time since before the pandemic just 2% from an all-time high. but the futures are pointing to a lower open this morning. popular trading platform robin hood is facing an sec probe. the clock is ticking for tiktok and now the government in china has announced restrictions that could affect that sale we will discuss the move and what it might mean for microsoft and other bi

david portnoy and barstool, well will david spend as much time talking about stocks i don't know i spentot of time talking about nfl so it's entirely possible but the unthing i like is that jay snowden who is the engine behind the penn nat barstool deal wants to own gambling now that 33 states make it legal i think he understands exactly where things are going someone was recommending mccal, casinos, give me a break penn nat doesn't have china, penn nat has gambling. this is the opening night of -- i've got to tell you, carl, i see more people doing fantasy and more people wanting to gamble, i of course can't gamble in my contract, but, wow, penn nat is the place and that is a very inexpensive stock if they get it right >> what a move that has been >> remember the stock was at 3 it was at 3 in march. >> historically the view has been that baseball gave you the most frequency of bets, obviously just because of the game count, but nothing -- nothing matches -- nothing matches the attention that the nfl draws. i hear that al michaels is going to be on the half today. >> that will be fantast

9:26 i have to do it, say a 9.2 from one bite which is another operation by the incredible david portnoyyou can't because you can't compete with tech domino's is a tech amen that sells pizza and the pizza is much better. they have to get the wings better, rich allison promises because they are awful this is the problem with america right now when it comes to unemployment domino's, chipotle, big number bump they can spend on tech the most that restaurants can spend on tech is bring square in let's watch it because this is where unemployment hits -- the rubber hits the road in the fact that domino's is going to take -- look at that a gigantic amount of share it's just happening now. >> what's going to be left on our city streets we won't have our local pizza place. >> no. >> we won't have any retailers i guess we will have amazon mini warehouses taking over the city blocks so they can deliver to us more quickly. >> chip omt lay. >> digital everything. >> yes, that's the reason why starbucks is going to do so well, they will take advantage of a lot of open spots and negotiate hard deals wit

charles and a panel of special guests including dave portnoy, the founder of bar stool sports, will answernials, gen-zers, learn how to get rich by yourself in these uncertain times, it's a whole new ballgame. you can message us on facebook, instagram or o. mail us. there -- or e-mail us. there are no stupid questions. your questions will be answered. you're watching "mornings with maria" live on fox business. ours or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. tools, cattle, grain, traded goods. even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime w

dave portnoy took a dig at michael jordan's gambling history.is big on the jordan news that's bananas unless that's just code they are taking his action in which case it makes sense. in other words, if i translate that tweet correctly basically saying if jordan is gambling because a well-known gambler, gambling through draft kings it makes sense. is it smart from a business perspective to join a gambling company when you're an nba own with a history of maybe gambling too much >> reporter: i mean listen, we don't know what that history is. we don't know if he's fixed that history. if he is so what gambling is part of the u.s. it will expand again, he's not the only owner that has equity owner in draft kings. look into gamblinglook at everybody's else's gambling history as well. don't just pin it on michael jordan remember he's in this to make money. i don't think he's going to blow it by gambling it away it's a good move for draft kings using his name and image to build his brand when we know sports betting will continue to expand whether michael

money to move a large amount of the gold market into the bitcoin market >> what do you make of dave portnoy and his comments about bitcoin? >> he's an entertaining guy and, you know, look i think it's fantastic he's bringing his followers into the asset class whether buyers or sellers, liquidity is good. most people once you fall in love with bitcoin you tend to stake with bitcoin >> do you worry, those about how educated most folks are going to be about this class or is the whole idea you just want more people to know about it >> luno is focused on education. we're helping people >> thanks so much. we got to run. we appreciate it very, very much we got two big hours ahead we got two big hours ahead includten compdrucs for $50ice,n instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. schwab. riaccelerate your investments to be is or pull back?een. change the plan or stay the course? that's why northern trust is here. with specialized expertise... a history of success th

dave portnoy. ifm owe calling 2020 an individual investor revolution. wall street hates it.ro. dave is one of the heroes of this revolution. we know there will be ebbs and tides, the market corrects from time to time but if you want to talk about taking control of your own economic freedom dave has many people following him. i want to know what he has learned about the market. the slings and arrows he has had to endure and where he will take it from here and add my 35 years experience helping people every single day in the stock market. >> sandra: always fun to watch you, charles. we'll be watching at 2:00 p.m. today for the town hall. thank you, charles. >> trace: they're trying to bounce back from the economic devastation of the pandemic. new york city restaurants might not have indoor dining anytime soon. what the mayor is doing that could put thousands of jobs on the line. >> is there a way where we can do something safely with indoor dining? so far we have not had that moment. want to brain better? unlike ordinary memory supplements... neuriva has clinically proven ingr

recent weeks, they're the ones coming under the most undue pressure and finely we had guys like david portnoyhe upside. when the public starts to get enamored with stocks i think it is wise for professional traders to get less enamored and slightly parrish. there are number of things going on, stuart i brought to your attention with a note over the weekend and they continue. stuart: you're basically saying the bull run we started with the march lows, ran all the way up p to the weeks ago or last couple weeks you think that bull run is basically broken, that big picture, right? >> i think, the case can clearly be made that is the case. when you're down six and 7% you need to pay attention what is going on. everyone wants to get bearish when stocks are down 20%. i think if you've down 5 or 6% you should pay attention. if you are nice profit to the upside you should go to the side of lines and take profits. i think a lot of fundamentals are at work negative for the stock market. i think you need to be very, very careful. stuart: give me some advice, dennis, should i sell my microsoft? >> i think