Treasury secretary triggered more fear than any episode of stranger things. Look at the nasdaq, taking the most outsized hit right now, down 89 points or. 75 . The dow is lower by 142, s p down 20. Our floor show traders are mobilizing right now in front of their cameras to root out the markets hidden Pricing Power players. They will tell you how theyre doing that right now. Just 24 hours after that apple event cameo, verizons ceo is here on the 5g future hes promising apple iphone 12 buyers. What 5g really means to you and me right now and what will it take to get those ultrafast speeds into areas still operating in some cases way back on 3g . Hans vestberg with us in just a few minutes. The Telecom Giant joins us. And spac to the future. A new spac ready to clean up in more ways than one. Former nrg ceo david crane taking his Clean Energy Investment to the public markets. What will it take for him to open up his blank checkbook . We will ask him in a first on fox business interview. First, we begin with a fox business alert. Just as struggling americans are keeping their fingers crossed for government relief, prices are going up. The september Producer Price index, the ppi, basically gauges inflation at the manufacturing level, came in hotter than expected. Overall inflation is still tame, but some products are seeing huge price jumps. What are they . Lets put them on your screen. Year over year, major house hold appliances are up 11. 5 . Building materials rose 28. 4 . Rvs and trailers increasing 58 . As we put on the screen some stocks associated with those industries, for example, whirlpool which by the way is up 38 year to date, then youve got a name like Beacon Roofing supply, close to a 52week high. Winnebago industries up 34 year over year, how should you be picking stocks maybe by scrutinizing data . Lets bring in the guys who study and pinpoint the flood of econ numbers to do just that. Teddy, i will start with you. Explain if you could how you extrapolate stock picks from data and phil flynn, actually, oh, teddy is on the phone. Okay. I will start with you. Go for it. On the phone basically, you look at the numbers and obviously, you basically move to the sectors that would either benefit or not benefit from those various numbers that represent various sectors of the economy. If you look at numbers like, for example, from industrial activity, you would look at Companies Like, i would look at Companies Like dow and dupont. If you were looking at housing, perhaps home depot and lowes to take advantage of all the new homes. A positive direction for the cpi, that would benefit financials so you look at stocks hopefully like schwab or jpmorgan. And the ppi which is sort of interesting because that has clearly benefited from the pandemic, and people want to be outside more, so Companies LikePolaris Industries that make all these vehicles that folks use when they go outdoors. Liz that is a perfect explanation because i want our viewers to understand that traders like you guys and phil, weigh in here, can actually put a piece of data through a crucible and out comes from the other side some ideas. How do you work it, what are you seeing at the moment that looks like a good portfolio play . Im seeing inflation back which im loving it. Im a commodity guy, right . People always look and say maybe inflation is bad. The feds been fighting for some inflation for some time. You speak about the motor homes. I just had a client that took out money, bought a big motor home. Im not kidding, this was recently. Like boom, its right in this segment. But i look at the resources right now. This is a sect or that was beat up initially with the covid19 but actually, look at whats been happening to these prices. If you look at the price of copper, zinc, tin, all these things that go into building all the things teddy is talking about, we have a mini housing boom going on right now. We had covid, where manufacturers cant keep up with demand and thats going to keep the prices of those going up. Maytag will do great, home depot will do great. Whats also going to do great is all the materials you need to make them. One play i kind of like, you can look at the traditional miners, one is tech resources, a canadian firm. They do a lot with copper and zinc and they are probably owned by china. Chinas a big buyer of their commodities. I think a lot of these things are going to have to be built and the reason why prices are going up is the demand is there. The supply isnt there. So these stocks are going to catch up with the price of those and this one has been undervalued a bit. It looks like its starting to move. That might be a good one to jump on. The Producer Price inflation play. Liz yeah. The dow is down just 108 points. Teddy, quickly on the markets overall, got a couple of months left before the end of the year. Doesnt look like theres going to be a stimulus plan according to treasury secretary Steven Mnuchin who just about an hour and a half ago gave a speech or comments in front of a group and said you know what, it just doesnt look like we will even get a limited or piecemeal stimulus plan. Does that affect anything you are doing right now with stocks . On the phone i think so. The issue, and everybody sees it, the politics have become so toxic and weve got an election, what, 20 some odd days away. We dont know the outcome. Theres all sorts of scenarios. I can give you good scenarios, bad scenarios or no scenarios. This is a time period where its really kind of treacherous and kind of dangerous. I mean, a stimulus package would be good. You would think that the politicians could rise above the politics and do whats good for the public, but clearly, and thats probably still in the cards, but at the moment, politics are ruling the day and it makes it very difficult to even try to guess where we are going to be between now and the end of the year. Kind of difficult, but the market with all these negatives continues to act terrific. And the stock market in my opinion never lies. It never lies. Its telling us that maybe there are good things ahead. Liz well, no wonder you picked dow chemical. This is a toxic environment. Get it . I made a funny joke. Teddy, phil bad, i know. Shecky green is on the phone. He wants his job back. Wells fargo and bank of america are actually trailing the bottom of the s p 500 on a very big day for bank earnings. B of a is slipping, i want to say about 4 after it missed on revenue estimates. Wells fargos stock down 5. 33 . Its profit fell short of forecasts and maybe thats why its really keeping a cap on what would have been a great day for goldman sachs. Its quarterly profits surged 94 but the stock which opened up 3 to 213 a share is now up just. 25 at 211. 45. Investors appetite whetted for grub hub shares at this hour. Heres why. Its acquiring Company Reported strong pandemic related delivery gains. So grub hub is popping 8. 5 right now. Just eats, the 7. 3 billion takeover of grub, remains on track to close next year. Its a european stock. Neo getting a jolt after jpmorgan upgraded the shanghai based electrical vehicle maker based on surging demand for electric vehicles across china. Jpmorgan also jacked up the price target to 40 a share which by the way, is an 85 increase from yesterdays close. Neos stock already jumping 22 , standing at 26. 49 a share. I want you to take a look at this stock. Climate change crisis real impact acquisition corporation. That is a mouthful but it is the latest spac to go public with a focus on Renewable Energy and energy efficiency. So which green name could they soon be signing over their Blank Check Company to . The ceo david crane joins us live in his first interview since taking his spac public. Plus, weve got the ceo who landed a very big guest starring role in yesterdays apple iphone event. Is 5g really here . Verizon Ceo Hans Vestberg declared. We are about to pepper him with questions on what this all means for you and your cell phone and what deals is he ready to offer on that new iphone 12. With the closing bell ringing in 50 minutes, say, the countdown is coming right back. Limu emu and doug. And if we win, we get to tell you how Liberty Mutual customizes Car Insurance so you only pay for what you need. Isnt that what you just did . Service stand back, im gonna show ya how doug and limu roll, ya you know you got to live it if you wanna wi. [ music stops ] time out only pay for what you need. Liberty. Liberty. Liberty. Liberty. Liz oh, boy. You know, the spac attack continues, at least 139 spacs or special acquisition companies, these are these Blank Check Companies that invest in individual names and take them public that way, in 2020, they have raised 53 billion for all sorts of companies that are going public. A lot of them are targeting and picking what we would call future tech. For example, yesterday we had romeo power on yesterday. They are going public via spac later this year and then hyllion last week. Others include desktop metal, we have had them on as well and a fintech company. One of the newest entries going back to this clean energy fanfare is climate Real Impact Solutions. You can see them on the screen. They are going all in on green. They closed its ipo at 230 million last week. Its looking for a scaleable company in the climate sector. Founded by david crane, the former energy ceo who took that Company Green in a way at the cost of his own job five years ago when many of his shareholders pushed back. Climate Real Impact Solutions ceo david crane joins us now in a fox business exclusive for his first interview since the ipo of the spac closed. David, you too are going into the spac world. Tell me how much money is in this Blank Check Company and what are you targeting . Well, as you said, the ipo was for 230 million which means the spac is really looking to buy companies in the sort of 1 billion to 2 billion enterprise value basis. Where were looking, as you said, is clean energy is a huge part obviously of the climate issue but there is circumstanla economy, theres direct air capture, theres a lot of areas that fit in the description of climate. Liz explain to us how you would go about targeting a Certain Company to switch over to spac to, an actual name. Does all of that money on the blank check go toward the Single Company and how much easier is this than taking it public via the road show or the Traditional Old School way that it appears is now happening . Well, i mean, yeah, easier, the spac itself basically allows the company to decide who they want to align themselves with. So in our spac, we are an operator led spac where all of us have been in the industry. So that should be helpful as these Companies Make the jump from being a private company to being a Public Company. Liz yeah. I get that. I suppose you dont have to answer as many detailed questions that you would normally have to with a traditional ipo but does that give you more latitude and if so, what regions are you most interested in . Can you drill down a little more specifically . Well, certainly, i think you just mentioned on your last segment, that automotive is important, but and has been very attractive in spac land because at this point, if you are trying to have impact on climate, getting rid of tailpipe emissions is the single biggest source of emissions worldwide. But apart from that, everyones individual Carbon Footprint in terms of their energy usage in the home or in the office is also a very attractive target because we have generations of young people that want to not have the same sort of impact on the climate that our generation did or previous generations. So theres many opportunities and i will say the best opportunities are in and around the customer. So what i would say, if you think about it, there is no apple, amazon, google of clean energy, a platform company. In my perfect world, we would find that platform company, spac it, despac it, and help it grow into being a company of that size and importance. Liz i remember years ago when i covered you as the ceo of nrg, the utility, you made such a compelling argument for making each individual home into its own utility instead of as you mentioned, putting up millions of basically tree trunks, these telephone poles and stringing all kinds of wiring from county to county and you know, the old school grid which is certainly aging, but a lot of this may depend or does it, you tell me, may depend on who takes the white house come november, because joe biden has already said that he would go for clean energy and clean energy jobs. President trump is pushing very hard for coal and fossil fuels. So does the success of your spac really heavily depend on joe biden winning the presidency . I mean, i wouldnt say it depends on joe biden winning. You know, as a climate person, obviously i support Vice President biden, but the companies that were looking at have grown throughout the four years of the Trump Administration and it would be hard to imagine an administration that had been more hostile to clean energy than the Trump Administration. So the fact that these businesses have grown so substantially during that period is a sign that a Biden Administration would only be a further upside to where these companies are going on their natural trajectory. Liz how close are you to pulling the trigger on this spac money . Well, one thing i learned as a Public Company ceo last time is that you never comment on prospective transactions. I would try i would avoid that question, liz. But were working diligently every day and hope to come to market sooner rather than later. But to your point about my time at nrg which ended five years ago, to me, its proof that as the old cliche says, timing is everything in business. You know, my timing was too early five years ago but the time is right now. So this is the time to move on climate. Liz well, its fascinating to watch and since you implemented a lot of green effort into nrg, that stock in those five years has jumped exponentially. You can still claim a little bit of victory there. David, great to see you. Please come back when you make the big announcement. We would love to hear about where youre investing your spac money. Thanks. Thank you, liz. Ill do that. Bye. Liz good stuff. Dont forget to tune in to Varney Company tomorrow morning, 10 00 a. M. Eastern, stuart has an interview with President Trump ahead of his town hall tomorrow evening. We will see if climate and that kind of energy comes up in the conversation. In the meantime, pandemic related losses hitting businesses big and small across the country and now, hundreds are fighting back against their insurance providers to help cover their losses. But guess what . Insurance companies are saying no, your policy didnt include that, even if it says specifically cover all risks. Grady trimble is about to take you live to one familyowned business suing its Insurance Company for that very reason. See if you relate and you can pick your side. Closing bell ringing in 39 minutes. Dow jones industrials, narrowing its losses, down 76 points. Well be right back. 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 the only one of its kind you can take every day. Verzenio fulvestrant is approved for women with hr , her2 metastatic Breast Cancer whose disease has progressed after hormonal treatment. Diarrhea is common, may be severe, or cause dehydration or infection. 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