Eastern time. Take a look at the dow. The dow specifically tumbled to lows around 11 30 a. M. Eastern after House Speaker nancy pelosi said in her Weekly News Conference there will be no standalone stimulus without a broader coronavirus bill that includes money for schools to properly open and stay open. But then the dow climbed back. Actually, the nasdaq and the s p never went negative but the dow did climb back when pelosi stressed she remains open to negotiations. Our floor show traders are about to tell you how to play this moving target. Flying higher in the middle of the pandemic. While major air carriers remain stuck at the gate waiting for more stimulus money, private jet travel, affordable private jet travel, is booming. The set jet ceo is here. He will demonstrate to you exclusively how contactless Security Systems that hes just installed dont have you having to remove anything metal or even take the loose change out of your pocket. And how are they expanding routes while the Legacy Airlines are shrinking theirs . Live Sports Streaming Service fubu tv makes its debut on the New York Stock Exchange. The cable disruptor ceo is here on his trick to competing against other streamers with deep pocketed corporate parents. Weve got to begin with a fox Business Market alert here. Mixed signals again out of washington about the state of stimulus negotiations. So tuesday and wednesday was President Trump who weaponized the stimulus, first demanding suspension of all discussion and then a few hours later saying hes open to standalone aid for airlines and individuals. Today, it was House Speaker nancy pelosi who grabbed the marketmachete. Listen. Having a standalone bill for the airlines or part of a bigger bill, but there is no standalone bill without a bigger bill. Liz all right. So initially higher, airlines slipped into negative territory but you can see theyre all back if the green except for American Airlines which is just about one penny higher. Call that flat. But airline jobs are still hanging in the balance. American airlines and united have furloughed some 32,000 workers since that First Tranche of 25 billion in care act money for the carriers expired on october 1st. But take a look at the jets etf. This Exchange Traded fund is basically the pure play major u. S. Airlines portfolio. Shares are up more than 5 so far this month, pushing 6 . Is there still confidence a deal will be made sooner rather than later . This leads into washington and through your wallet so lets bring in the floor show. Andrew smith and ed mills, Raymond James washington policy analyst. Ed, okay, stocks have endured a lot of wear and tear in the past 72 hours with all this backandforth on stimulus talks. Can you read the tea leaves for us on how this plays out . Yeah. Thats a great question. I think what i have been debating with investors is whether or not it was a signal that there is an expectation that well get a good package in the lame duck before the december 11th deadline to fund the government, or if its the market further pricing in a democratic sweep in a very large recovery package in a potential biden administration. I think investors are split on that. What theyre not split on is they are still expecting some level of stimulus coming out of washington, d. C. Liz andrew, we have been seeing this gyrate the markets so how do investors strategically handle this news if a deal does not come soon . Ed thinks its coming but we still have 800,000 plus americans filing every week for firsttime jobless claims. Whats the play if there is not a deal . So as we said earlier, the markets are really [ inaudible ] on that additional stimulus but the economic recovery is under way, we are seeing economic tail winds from lower rates, we have seen monetary policy, so these volatile moments should be taken advantage of for longterm investment into companies that benefit from that economic recovery story. We like names that are high quality Balance Sheets and do well with their profit margins. We like home depot, fed ex, waste management, companies that have done well during the pandemic but also continue to do well going out into the economic recovery story regardless of fiscal stimulus or not. Liz you know, ed, andrew makes an interesting point. Waste management. Im thinking about this. Up. 66 right now but it has really struggled over the past year. When people start going back into business and they start conducting commerce once again or their regular lives, we will see a lot of trash generated, will we not . So as you talk to your advisers, they come to you specifically to sort of listen to how wall street meets washington, d. C. , what is the most important thing you want them and our viewers to know . Well, i think the number one question has been the election and there has been a real concern about whether or not well have a clean kind of answer Election Night or soon thereafter. The thing that we really have been promoting is how quickly in advance the absentee and mailin ballots get counted. If florida they get started to count 22 days before the election. North carolina, 14 days before the election. So on Election Night, we actually might have a lot of information sooner than we think. So the fear of an extended election is still there, but lets look at how quickly things can get counted. The second main point we have been telling advisers and investors is elections do matter, but usually once you have that certainty, any weakness heading into the election usually recovers quickly between election day and inauguration day. So dont have kneejerk reactions to this election no matter how it turns out. Liz andrew, you brought up a couple of picks there and one of them was home depot. We have been looking at costco, and costco had very nice same store sales. This is a company that are you saying could possibly, you want to look for companies that could do well in either scenario . Yeah. Definitely. We started to see fears of a second covid wave in europe and some of the states here within our country. We want to find those names that really could benefit from both sides of that aisle. Costco, but also home depot. Lot of individuals are staying at home longer than anticipated. We have seen that drive out of metropolitan areas into suburbs. Home depot is also trying to increase their Online Presence so that really helps give that extra tail wind to that investment play but as we have seen Home Building pick up, the Home Building sector has done phenomenally well given the low Interest Rate environment. We still see the tail winds going to persist further. Liz we will see you next time. Thank you. Because this past 72 hours has been nuts. But it is stimulusdriven. Lets get to this. We do have some individual names on the move. Big blue, you dont often see this, ibm is topping the blue chip index after it announced plans to spin off its i. T. Infrastructure Services Unit into a new publicly traded company. The move caps an effort by ibm to muscle its way into the fastgrowing high margin world of cloud computing. Its up 5. 25 to 130. 53 but just remember, ibm was 181 a share back in 2017. Eden vance getting a significant boost after Morgan Stanley announced today plans to acquire the mutual fund manager for 7 billion. Under the deal shareholders would get 56. 50 per share. Its at 60. 48, plus you get the onetime dividend payout. Morgan stanleys buy comes days after it closed its acquisition of etrade. Eaton advance up 47 . We have a pretty picture for coty investors. Double digit percentage jump for the stock, up 12. 9 on news that its expanding its kylie skin care line. There she is with purple hair. The brand created by wildly popular reality star kylie jenner. The cosmetic maker will launch directtoconsumer web sites for the line in the uk, france, germany and australia. We should look at the rest of the beauty sector to see if they are getting any kind of bump. That would include ulta, estee lauder, sally. They are all moving higher. That brings us to mcdonalds. A stretch, you say, from kylie to mcdonalds . Actually not. Kylies exboyfriend, rapper Travis Scotts megasuccessful collab with mcdonalds helped boost sales at the fast food chain. The travis scott meal was so popular that some mcdonalds are suffering shortages of the custommade quarter pounder. Mcdonalds trading lower by. 33 . Dont know why. We had u. S. Same store sales turning positive in the Third Quarter. The company also boosted its dividend by four cents to 1. 29 a share. Nice payoff while you wait. Weve got the closing bell ringing in 50 minutes. The dow up 82 points. Hey, take a look at rokus stock. Its moving higher after needham boosted the streaming device makers price target to a street high of 255. Its up 4. 25 to 221 and change. This as one of rokus offerings diving into the Public Markets today. Up next, live sports streaming platform fubo tv plans to get sports fans to finally cut the cord entirely. We are going to take you live to the New York Stock Exchange on their ipo day to hear from the ceo right here. As the original host of wheel of fortune, i was blessed to be part of building one of the greatest game shows in history. 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Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Liz breaking news. We need to get you to this. Moments ago, michigan governor gretchen whitmermaid a statement in lansing about the thwarted kidnapping plot against her, thanking Law Enforcement for apprehending and charging quote, sick and depraved men who were quote, preparing to kidnap and possibly kill her. In case youre just joining us, this story broke out a couple of hours ago. The fbi revealed that six men had been plotting since the summer with a Militia Group to take the governor hostage and they had hoped to carry out their plans before election day. The fbi said they learned about the plot by intercepting encrypted messages and there were undercover agents working with the group. Now, in a statement, facebook said it quote, proactively reached out to the fbi and the investigation of the militia plot. Facebooks stock moving higher by 2 right now, 263. 37. Let me make a hard right turn here. Cord cutters. Cord cutters rejoicing today as fobu tv hit the stock market, bringing the allieva sports that cable offers for a price as low as 65 a month. The stock priced to 10 opened and immediately moved to about 12 a share, coming slightly back to earth right now but still up 4. 5 . As you know, we always say here on the claman countdown its not how you open, its how you close. So with about 46 minutes left to trade, the stock is at 10. 44. Lets bring in from the New York Stock Exchange the ceo to talk about his big ipo. Hes also the cofounder. David gandler. Great to see you. Day one, whats it been like these past couple of hours . Were very excited. We are having great day. We are happy for our customers, happy for our shareholders. Liz lets get right to it. I want our viewers who arent familiar with fobu tv to understand what it is. Youve got different packages that would for not really just the live sports aficionado or fan, but look, spongebob, fox business, along with all of the sports and talk about the pricing here, because right now, that seems to be the key. Yeah, thats true. Fobu is a sports first paid tv Replacement Service for the entire family. We offer a wide range of premium sports, news and entertainment content with a fantastic experience and a very attractive price point. The price point is actually 59. 99. Liz for what, 100 plus channels, as i understand it . [ speaking simultaneously ] liz okay. So youre in the same range as at t. Then youve got a family plan for 64. 99 which is right there with youtube television. Slings cheaper. Hulu is slightly less at the moment. But talk to me about the plan for revenue. You actually had revenue up about 93 year over year between 2018 and 19, and that revenue gain has continued, i believe, in the most recent quarter from the guidance that we found. But im interested to know where the rubber is going to meet the road when it comes to actually being profitable. Yeah. Thats a great question. As i said before, fobu is a very young company, five years old. We launched the business in january 2015. We have been growing our top line very quickly, roughly about 100 year over year. We have increased guidance for the Third Quarter, guidance for the fourth quarter, for the full year. We expect to finish the year with about 480,000 paying subscribers and have taken a very balanced approach to the business growing subs at a rate we believe is acceptable to us, but yet is way above the market, but at the same time we are focused on gross margins. In january i mentioned that our plan is to expand margins at roughly 150 basis points to 200 basis points per quarter. We have been doing that sequentially and we believe that continues over the long haul. Liz talking about subscribers, how do you retain and continue to grow subscribership postpandemic . There is this belief that everybodys stuck at home and of course, they are dialing up and they want to see this. How do you model for that, how do you plan for that once there is a viable vaccine and people are ready to go out and do other things . Look, great question. Obviously we have seen viewership grow to about 140 hours per month during the pandemic but prior to the pandemic, we were growing at a pretty solid rate. We had gone from about 34 hours of viewing in q1 of 2018 to about 120 plus hours through q1 of 2020. So we believe that trajectory continues. Cable tv viewership hours, the nielsen numbers are around 300 hours. We feel theres significant room for us to grow given the fact we are a paid tv Replacement Service with a robust set of channels across three genres, sports, news and entertainment. Liz yeah. Yeah. But sports, boy, you got diehard sports fans pretty excited about this one. Youll be happy to know while you were talking, the stock moved up yet another percent. Hey, im glad fox business is also one of the choices on fobu tv. Thanks so much. Thank you. Thank you for having me. Liz david gandler. Good luck. We will be watching it. Fobu tv. The app that is a dream for cord cutters who are just dying for live sports. Closing bell, we are about 40 minutes away and the dow continues to hold on to 85 points at the moment, good for a third of a percent. Hey, weve got another media superstar on this weeks edition of my everyone talks to liz podcast. Listen to this question. Why would the hollywood executive producer behind the hugely successful hangover movies step away from the hollywood scene to pursue a calling in criminal Justice Reform . Who does that and why . One Community Founder and ceo Scott Budnick is using his film company to transform lives and bring powerful stories about them to the big screens. Hes even got margo robbie on board for the true story of an inmate who fought California Wildfires but then was denied the chance to join the Fire Department when she actually was sprung from prison. Tune in to spotify, apple, google for this inspirational story. Up next, oil caught in a storm right now. We are live on the ground as hurricane delta bears down on the gulf of mexico. Well tell you where it is right now. Metastatic Breast Cancer is relentless, but im relentless too. Because every day matters. And having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopausal status. And its t