Breaking details out of those very offices where the meetings happening. The deadly pandemic exposing a major need not just for relief, but for Contactless Payments and an economy dependent nowadays on digital retail. The ceo of Global Payments is here on his companys blockbuster new tieup with the king of online retail. That would be, of course, amazon. Frightening news from royal caribbean. Suspending voyages through halloween but weve got the celebrity chef who cut his teeth and ingredients on the high seas. Find out how Food Network StarRobert Irvine known for his brutal british edge, how hes opening his heart to help restaurants do the impossible right now. That is to stay afloat and reopen safely. Its a fox business exclusive. Hes here live. Is microsofts tiktok tango still dancing to the merger music . And that damage from yesterdays storm, it almost hit my house. We will show that to you. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. At this hour, more than three million homes and businesses are still without power after that Tropical Storm whipped through the midatlantic and northeast over the past two days. According to utility conedison the storms rampage shoved trees and branches into power lines causing them to snap, and we now have a near Record Number of Power Outages in the Greater New York area. Connecticut, new jersey as well. Look, the storm even knocked out power here at my home. I want to show you a picture of a massive tree that just an hour before the show yesterday, i should have shot this horizontally. Duh. I hate those bars on the side here. This is the tree that about an hour before the show came crashing down just missing my house by about two feet and yes, it also thankfully missed the generator. We have a generator. Thankfully, the power just came on but we have had the generator going on. Yeah, that was a pleasant moment where everybody, including my great tech greg hart from fox news, oh, a tree just went down. All right. We hope everybody is safe right now. The power companys moving lower right now. Con edison down 2. 8 . Lets talk about not edison but telemedicine. The popularity of telemedicine surging in the time of coronavirus. Its leading to a big deal in the sector. Teledoc has acquired rival lavongo for 18. 5 billion in a bid to create a leader for consumer centered Virtual Health care. Both stocks are oddly plunges as the motivations of the deal are questioned. Teledoc could have used the money to add more tech platforms. Teledoc down 16 . Livongo down 9. 9 . If these names are in play, dario health is the main competitor to livongo and is popping 27 per at this hour. To another type of merger. As couples use match Group Services to date virtually, because you are sitting at home, who might match me. Shares of the Online Dating giant finding love at this hour, up 12. 7 after both revenue and operating income beat expectations. Match group saying subscriber numbers on its relationship apps tinder and hinge surged. But investors are breaking up with startup alternative fuel truck maker nikola after it released its first Quarterly Report as a publicly traded entity yesterday. The bad news was not actually earnings related. Instead, everyone was disappointed that they didnt hear more about Corporate Partnerships and new customers. Nikola down about 9 . You may use your ev to get to walmart and if you do, make sure you add popcorn and a drink to your shopping cart as we are now just under two hours away from the free ticket website opening to walmarts first drivein. The retailer debuting movies in some of its parking lots this summer. This will begin august 14th. Theaters are shut across most of the country so walmart said heck, lets do a drivein, why not. The stock at the moment is actually moving lower, i believe. The shuttering of those theaters has helped Disney Streaming hit it out of the park. Cinemark down. Amc moving higher. Imax in the green. The combined global reach of directtoconsumer services now exceeds 100 million paid subscriptions for disney plus. During its earnings report, disney namedropped star wars the rise of skywalker and onward as two titles that helped drive continued growth in its streaming businesses in the third quarter. Look at disney, up 9 right now. Then there of course is hamilton which debuted on disney plus last month. That would be in the Current Quarter numbers. While everyone seems to be agog on how many times the broadway hit has been watched, viewed, all disney ceo would say on the call is that it was watched by millions and quote, a huge success. That success prompting disney to release its big budget remake of mul mulan as a premium priced download on disney plus to the tune of 30 bucks a pop. It will also release in theaters where cinemas are operating but you tell me where that is. Not many places have operating cinemas. Right now, it looks like you want to spend 30 bucks for a download of mulan . Well see. The world of streaming at viewers fingertips, we have to look at ecosystems that may go the distance in the stock market. Lets get right to the floor show. Guys, weve got teddy and scott and look at all of these logos here. It isnt just the direct competitors like hbo max or apple tv plus, right . Youve got that ecosystem from roku and all the equipment makers as well. Give me a sense, teddy, what you see as a real opportunity here. Well, first of all, a lot of these stocks have had huge moves, netflix in particular, then of course today, disney. I think disney is a lot of peoples favorite. But there are others. At t is in the game. You have amazon. Amazon prime. You have apple tv. Its hard to pick a favorite because they are all very good companies. I guess the ones with legs and the ones that have some diversification, but clearly the winner has been netflix. If i had to pick two others, i would pick disney and comcast, which is just now rolling out their new peacock product. I must say, i own comcast. I do not own the others. Im kind of talking my book a little bit. Liz thats okay. You look at comcast and the peacock network, they are putting a lot of effort into that plus a lot of it is free, scott. Lets just say people dont want to get into that battle and figure is it going to be at t, hbo max, whos going to win this one. Do you like any of the equipment people or that socalled ecosystem out there for streaming . I think you have to like the ecosystem. Roku being one of them. I think roku especially down the road is primed to be taken over by one of the big guys. I dont know anything, you know, that anybody else doesnt know. I think that one is absolutely primed. That ecosystem can, in my opinion, fit right into an amazon, to an apple ecosystem. Like teddy said, the netflix of the world and especially comcast with the new peacock, those are wonderful, wonderful platforms. To me, the ones that are really going to sthihine a year or two five from now are the ones that can capture the global reach. We are seeing that with netflix for sure. The other ones havent really caught up yet. I think thats where the big upside to all of these streaming services are. So if i were going to look out into the future 12, 24 months from now, and this is no surprise but i think you have to look at netflix, amazon and the apple ecosystems as the ones that will probably do the taking over of some of these Smaller Companies like roku. Spotify also, streaming for the sound, for the music side of things, i think spotify still has a ton of upside because they can get into sports very very easily. Liz by the way, roku reporting after the bell so well be all over that. Teddy, scott, thank you very much. All i have to say is, umbrella academy. Second season. What a show. Yeah. Im definitely on board with that. Blackstone adding another member to the family. We do have about 51 minutes before the closing bell rings. Look at the dow, now up 309 points. Folks, that meeting may have just begun. We are going to call it imminent, on capitol hill. Between both sides of the aisle, including treasury secretary and Chuck Schumer and nancy pelosi. We will bring you any breaking news. But the market seems to anticipate something positive here. Blackstones Capital Partners buying genology od, ancestry. Com in another megadeal. The first purchase by the Worlds Largest ever private equity fund clocking in at 4. 7 billion. Blackstone up 1. 2 . From tracing your family tree online to the ecommerce big bang. One of the worlds biggest electronic payment firms hitching its wagon to one of the digital galaxys brightest stars. Global payments ceo next on his new walk in the cloud. The claman countdown will be right back. Its easy to get lost in the economic uncertainty. The volatility. The ambiguity. The moment calls for more. And Northern Trust delivers more. With specialized expertise. Proven strategies rooted in data and analytics. And insights borne from over 130 years of successfully navigating economic turbulence. Giving you clarity. Inspiring confidence. And helping you uncover new paths forward. Northern trust. Wealth management. Shingles doesnt care. I logged 10,000 steps today. Shingles doesnt care. I get as much fresh air as possible. Good for you, but shingles doesnt care. Because 1 in 3 people will get shingles, you need protection. But no matter how healthy you feel, your immune system declines as you age, increasing your risk for getting shingles. So what can protect you . Shingrix protects. 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Save an extra 15 percent when you switch by october 7th. Give it up for tara now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Stocks by the slice from fidelity. Where you can find games, news and highlights. All in one place, right on your tv. The xfinity sports zone. Use your voice to search every stat and score. Follow the teams you love. And, even get notifications with breaking news alerts and more. With the xfinity sports zone everybody wins. Now thats simple, easy, awesome. Say xfinity sports zone into your voice remote today. Liz talk about an earnings surprise. Squares Second Quarter earnings which were due out today, released late yesterday after somebody leaked the Consumer Payment companys numbers. Thats first surprise. Surprise number two, square posted a 64 jump in revenue with its peertopeer cash app revenue spiking 361 . Stocks up 8. 5 . Kind of plumbing around the lows of the session, not quite yet but getting closer to it. After its own blowout earnings report, competitor Global Payments hitting the space with this headline. A new deal with the biggest name in ecommerce, amazon work spaces. What could it mean for the stock . Lets bring in Global Payments ceo, jeff sloan. Any company that can say amazon is a partner versus a competitor, thats certainly a positive, i would imagine. Tell us exactly what stockholders can look forward to when it comes to this partnership. Well, first of all, thank you very much for having me. Im tremendously excited about our collaboration with aws. Together with aws, we can provide traditional Financial Institutions around the world with leading cloud data, state of the art technologies so they can provide better Digital Payments experiences for their consumers wherever they may be. It really levels the playing field. The technologies that were previously only available to startups and small tech companies, aws and we will bring to the largest Financial Institutions in the globe. Liz can you give me some gran la granularity on what that really means . What will the consumers and your customers, the big banks, notice . I think in sum, its really better, faster, cheaper. What that means is our ability to innovate so think about the covid19 environment, our ability to introduce contactless commerce which we also call safer commerce, more quickly and more geographies is something we can do better with aws by creating state of the art cloud native technologies so changing the products that we sell, bringing them more quickly to market, bringing them more quickly to market in more geographies is what this unique collaboration is all about. Liz the entire Payment System has become very brutally competitive. We were just talking about square, for example. Now, you both have, i want to say similar market caps. Squares a little bigger at this moment. When you look at the pe ratios, it appears that square with a pe ratio forward looking of more than 500, makes it about 18 times more expensive than your company which has a pe of 28. Make your case for what you can offer that square does not, now with this amazon deal. So we have the ability really unique to us to bring our services in the Virtual World as well as the physical world in more markets than anybody else, including square. Heres a great example. Squares primarily in the United States, i think 95 of the u. S. Revenue, the revenue is u. S. Centric so our ability to bring our products and services, the ability to buy online with your phone, pay with your face, pay with your thumb, the ability to order food from burger king, one of our customers, in any of their 15,000 locations in north america, we can do that in more markets than anybody else. We are physically present in 38 countries. We do business crossborder in 60. The u. S. Is our biggest. Its about 70 of our revenue but its just one. So i would say to investors, if you are looking to play the Digital Payments trend globally, with no distinction between the Virtual World and the physical world, we are a much better investment than pretty much anybody else. Liz right. You just said pay with your face. Okay. Contactless. I got to ask you, lot of businesses, i walk in, they say please either exact change or were not taking cash. Will covid have killed off cash . I think you are always going to have cash in the ecosystem. Thats kind of the way the world is. I dont know about you, but i can say for me, i havent been to an atm myself personally since march. I really dont plan on going back to one. Just getting gas is a whole experience at least here in atlanta, in terms of the gloves i have to wear and the face mask i wear and decontamination. I think at the end of the day, we brought forward demand for safer commerce and contactless by three to five years as a result of the pandemic. I dont see consumers going backwards. Will there always be some use for cash, i think the market has permanently shifted and Global Payments is really the beneficiary of that shift. Liz okay. Dont start burning your 1s and 10s right now. Great to see you. Thank you very much. Jeff sloan of Global Payments. Yeah. 56 billion transactions processed every year. Closing bell, we are now about 41 minutes away. Dow jones industrials up 318. By the way, the nasdaq, not ignoring it. Any gain is another record. Nasdaq is up 50 right now. Facebook not wasting any time taking aim at rival tiktok. The social network launching its tiktoklike competitor or copycat as some critics are calling it. Its called reels. Reels is now available within the insgrtagram app and allows users to add special effects and music to their vertically slot mobile videos. Facebook is flat on the session right now. But as facebook tangles with tiktok, microsoft still doing the tango as buyout talks with tiktok enter a new and critical phase. Charlie breaks it next. We made usaa insurance for veterans like liz and mike. An army family who is always at the ready. So when they got a little surprise. Two . They didnt panic. They got a bigger car for their soontobebigger family. After shopping around for insurance, they called usaa who helped find the right coverage for them and even some muchneeded savings. That was the easy part. Usaa insurance is made the way liz and mike need it easy. Liz well, last we heard, microsofts sitting on a cash pile of about 136 billion but despite that, fox business is learning that microsoft is actually looking for an assist in order to fund a possible tiktok buyout. Meanwhile, President Trump doubling down on his calls for a finders fee if a potential blockbuster deal goes through. The president also unrelated is considering a major move on the stimulus front if congress cannot reach a deal. To charlie gasparino, who is breaking it all. Youre like an octopus with a million hands here. First to tiktok and microsofts next move. Charlie i tell you, donald trump makes life very interesting as a reporter. Heres what we know about microsoft. They are talking about outside, potential outside investors if they go through with this. Listen, i dont think i dont believe it until i see the deal documents. I know theyre talking, theres no doubt about that. They now confirmed our report from last week. But this is a really difficult deal. It involves technology, taking technology from tiktok, making sure