This is a fox business exclusive and we will ask him if electric vehicle drivers are also doing the diy. Ahead of the nfls first kickoff tomorrow night of the season, this long awaited season, theres 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 for the disneyland of football . Is nautilus stock the new peloton . And charlie breaks it on why jlo doesnt stand a chance at buying the mets. Lets start the claman countdown. Liz this is a fox Business Market alert. With the backdrop of a market rally, tiffany is bleeding red after french luxury powerhouse lvmh said it cannot go through with its 16 billion acquisition of the american jeweler because the deal is getting mired in trade disputes. Yes, between france, the european union, and the United States. Tiffany is tanking, down 6 . Its filed a lawsuit to enforce the deal. Lvmh for its part is up half a percent. We have to show you shares of slack, another work at home stock. Shares are on track for a record percentage drop, falling 15 right now after Second Quarter billings growth disappointed, and the company said you know what, we didnt really steal a lot of people away from microsoft teams, the big, yes, the big rival there. Wall streets rapidly slashing price targets on the workplace messaging stock right there, slack is down about 4. 44 to 24. 89. Look at nautilus stock, looking superfit after Citron Research said the company is the Fastest Growing name in stayathome fitness. Short seller andrew lefts firm set a 2020 price target of 30. Nautilus up 8 is at 14. 83. His note comes one day after famed fitness guru Jillian Michaels broke news right here on the claman countdown as to why she said she is not going to a gym any time soon. Listen. If you are afraid of covid, you should not go to the gym and i actually am a person who let my guard down. I havent even spoken about this publicly, really. And a very close friend of mine gave me covid several weeks ago. Liz by the way, this interview is going viral, in case you missed it, you can see the entire interview and all of our segments on the claman countdown at lizclaman. Com, lizclaman. Let me get to the markets. Nasdaq up 340 points. The tech sector is caught in a serious workout that involved a steep and swift fall from grace. That threeday thursday through this past tuesday selloff sent the nasdaq into correction territory in just three sessions. Thats the fastest 10 drop from recent highs ever. But did it make stocks any cheaper . Well, look, lets put something into perspective here. Apple declined 14 during the selloff but over the past year, its still up 108 . Flip it over to superhot chip maker advanced microdevices. Amd lost 12. 8 in the rout but can still brag its got a 52week gain of 160 . And tesla is a good one, hitting the brakes, down 26 during the rout despite an up day on friday, but the ev maker has rocketed 600 over the past year. So as investors whip out their telescopes and look at the horizon, are the past three days a warning flare shooting up in the sky or is that a green light to start buying again . Lets start with New York Stock Exchange trader Teddy Weisberg who is toughing it out in bermuda. What do you think . Well, i think as long as nothing has basically changed, and the same issues are still out there, getting a vaccine, the fed, the economy, all the issues are still there, when you get reversals in trends, the reversals are sharp, painful and steep. I think thats what we have just experienced, which is nothing more than a technical pullback from a market that was dramatically oversold. Now, with the benefit of 20 20 hindsight, yesterday afternoon at ten of four, we saw everything with our eyes closed but it is technical in nature and that is how i view it. Then you would simply go back to the same groups that have led the market which would take you right back to some of the fang stocks, facebook, for example. By the way, these are all stocks im going to mention that we own. Some of the rails, union pacific, norfolk, southern, couple of small cap stocks, elan, elan, these are all names that reacted negatively the last couple days but sat back today. Unfortunately, we cant buy them at yesterdays prices but if you are going to put money back in the market, you want to go with the groups that led the market for the last six to 12 months. Liz you just mentioned the railroads. My gosh, they are jumping about 1 to 3 . Really impressive move to see. Weve got Chris Robinson on the phone, a cme trader. Chris, if people are looking for a way to play the volatility, which you predict we will continue to see, what is the way you are choosing to do that right now . On the phone i think you have to plan to buy dips and sell rallies which for most people is very difficult. Here in chicago, you know, we started the whole business of hedging with commodities so commodities are giving you a good shot. Take a look at the action we had in crude oil. In four days, weve got seven bucks, a 17 pullback. That was a great opportunity for somebody who is looking to play volatility and again, most people i think, youve got to have a plan to have an order to buy the dip. When its there, if you hesitate, you can see how it can disappear very quickly. But i would anticipate that we have had regular days now in the past three or four days of 1,000 point moves, 3. 5 Percentage Points on a daily basis. I dont see that ending until well after the election, well after we know who the president is going to be. Liz you know what, i think i invented the term flash dip on this show about a year ago, but teddy, what chris was just talking about, these dips, they are in the blink of an eye, they are almost thatnanosecond type of situation but how do you know if you thought to yourself okay, the second day, which was friday of the threeday rout, i think i can get in there. Yesterday was ugly as heck. Liz, you know, they dont ring a bell, unfortunately, and wall street is the only business in the world that you have a fire sale, nobody comes. And nobody comes because we are all scared to death. So you know, with the prospect, with the eyes of 20 20 hindsight, this is what makes the game so much fun and makes it so interesting and makes it so difficult all at the same time. Liz boy, isnt that true. Chris, what is the put you are buying when it comes to whether its the vix, because you know, there are Different Levels of the vix, nasdaq, s p vix, et cetera. On the phone everybody has been fixated on the 200 day moving average. You hear that time in and time out. Thats the simple thing to look at. We almost got there in the dow, we were around 26,250. The correction that we had from the high to the low was just under 7 . You know, so i would continue to look for those levels so when you say what areas youre looking at, it comes down to, you know, having a plan because you have to have the order to buy because once it gets there, its very easy to say lets wait, lets wait, lets wait. Its a very difficult game. I think the one positive thing is we are still within a stones throw of record highs. We are over 10,000 points off the bottom in the dow. If you were chewing your fingernails off back in march or april after a 36 correction, one thing this is giving you is a chance to rebalance everything. Dont miss that opportunity. Liz thanks, chris. Great to see you both. Well, to hear you. Real quickly. I was going to say, there are stocks people can buy that take advantage of volatility. The exchange stocks. These are companies that benefit from the volatility. Liz exactly. Its almost a toll road. Up or down, they are making some money there. Good to see you both. Closing bell ringing in 51 minutes. We do have the nasdaq continuing to jump about 347 points. The dow up 688. Up next, democratic president ial nominee joe biden visiting warren, michigan today, key battleground state, to roll out his vision for made in america. We are going to have details on his Campaign Stop and his plans to protect american jobs when the claman countdown comes right back. Limu emu doug you know limu, after all these years its the ones that got away that haunt me the most. [ squawks ] cause youre not like everybody else. Thats why Liberty Mutual customizes your Car Insurance, so you only pay for what you need. What . Oh, i said. Uh, this is my floor. Nooo only pay for what you need. Liberty. Liberty. 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Now, we understand he just wrapped up his speech moments ago in warren, michigan. Jackie deangelis was monitoring the speech and shes got the breakdown. What did he say . Reporter good afternoon. Joe biden as you said was in michigan today. Its the manufacturing heart of america and he focused on this link between bringing jobs home and taxes at the same time. Listen. This 2017 tax bill slashed taxes on companies that sent production and jobs overseas. Those corporations then make huge profits by shipping these foreignmade products back to the United States to sell to american consumers. Reporter okay. Biden wants to roll back the Trump AdministrationCorporate Tax cuts to bring the rate back to 28 , but he also wants to impose a 10 offshoring penalty which means if a Company Takes jobs out of the country, then its going to pay that penalty. A corporation could pay as much as 30. 8 . Now, he countered that with a 10 tax credit if a Company Brings the jobs home. Michigan is really important because its a crucial swing state. President trump won that state in 2016. Every region of the state moved red at that point but the democrats, they won the statewide michigan races in 2018 so it shows you just how much this state is in play. In fact, right now, the polls are showing that joe biden is ahead by about 3 . But whats interesting about bidens push here is that hes almost copying the president trying to appeal to voters in michigan through the jobs. But trump did bring jobs home and he did it through trade, regulatory policies and by undoing some obama biden era Environmental Policies that made it so expensive for corporations to do business at home. So bidens critics today are cautioning and they are saying look, the way joe biden has it, through a punitive tax push, it actually could depress growth, which really wouldnt bring the jobs back at the end of the day so you have to be careful what you wish for here. Liz isnt it interesting, jackie, that when President Trump started threatening companies saying you cant leave and take your business overseas, people were saying thats what democrats were saying for a long time. They had the union vote, they were constantly attempting to do that. Its just so interesting to see that everybodys taking a little bit of derivative move from each and every party. We will be watching it indeed. Very ironic. Thanks, jackie. Closing bell, we are about 43 minutes away. Colin kaepernick making a triumphant return to the field albeit digitally. Electronic arts known as ea shouting out the free agent starting caliber talents in his return to its madden 21 game. The gaming giant looking to empower fans hopes on the future of football. Shares scoring a field goal at this hour, up 3. 7 touchdown. We have the virtual gridiron. Nothing compared to the fantasy experience one company has in mind to become a reality. Coming up, a fox business exclusive with the ceo looking to create the disneyland of football in the pro football hall of fame backyard. The claman countdown has it. Well be right back. Also, charlies going to break it on news thats developing as we speak. On your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Every curve, every innovation, every feeling. A product of mastery. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Look, this isnt my first rodeo and let me tell you something, i wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Its just a loan designed for older homeowners, and, its helped over a million americans. A reverse Mortgage Loan isnt some kind of trick to take your home. Its a loan, like any other. 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Look, reverse mortgages arent for everyone but i think ive been round long enough to know whats what. Im proud to be part of aag, i trust em, i think you can too. Trust aag for the best reverse mortgage solutions. Call now so you can. Retire better liz weve got some breaking news to give you right now. The wall street journal is reporting that mall owners Simon Property and Brookfield Property may acquire bankrupt retailer jc penney in a deal valued at roughly 800 million. This according to people familiar with the situation. Jc penneys landlord, simon and brookfield, have reached an agreement in principle to buy the embattled chain which filed for chapter 11 back in may after the pandemic shut down nonessential shopping across the country, but as you know, jc penney was a disaster for years. Simon property down 1. 7 right now but brookfield is getting a jump of about 1 at the moment. Are you ready for some football . Finally, the wait is almost over. The defending super bowl champ Kansas City Chiefs with superstar Quarterback Patrick Mahomes at the helm kick off the season tomorrow night against the houston texans. While fans will happily retreat to mayor mtheir mancave and sh to watch the season start up, there is a plan to formulate a getaway you can invest in. We understand you got this idea to build an Amusement Park and village by the football hall of fame in canton, ohio. What is your vision . Absolutely. Look, fans all over the country love professional football, right. You rarely have a chance, in fact, a lot of fans may never get to see a professional Football Game inside of a professional football stadium. So if you create a destination that allows them to come and be immersed in events and entertainment and of course, be part of the team and be part of the action, really, we think its very successful and already have built several assets that are doing almost a million a year in attendance today and we plan on doubling that over the next couple of years. Liz okay. Youve got the business plan. Im hearing you have gotten through phase one. What is next to build out here . Sure. Weve got to create the destination. Weve got to give guests and fans a place to stay when they come and play. We want to add some attractions. We will add a water park and some virtual reality, augmented reality attractions. Got to have a place to eat, maybe shop for some memoribilia, and you got to have a place to be immersed in the sport. So a lot of different Design Elements and events that will create this atmosphere f