Transcripts For FBC The Claman Countdown 20240712 : vimarsan

FBC The Claman Countdown July 12, 2024

Administration looks at the reopening of longshuttered trade routes mean for u. S. Business, not just israel and of course these other nations, but u. S. Business and could saudi arabia and maybe even iran be next to step up . The president s director of trade and Manufacturing Policy, Peter Navarro, will join us live on what this relationship might just do to boost trade in americas struggling covid economy. Rivalry on the baseball diamond still in full swing. Game three of the world series set for tonight. The Major League Baseball organization is going high tech to help you light up your social media with grand slam videos of your own. Find out how the mlb film room is taking a place in the google cloud. Narrow tech trading in play as the prospect of a stimulus deal remains on mothballs on capitol hill. Dow jones industrials down 61 but the s p just popped up to positive territory, better by three. The nasdaq up nearly down nearly five points. All of the major indices appear to be headed for weekly losses. We have this fox business alert. Positive vaccine news helping the markets just now coming up off the lows. Heres what we know. This is just hitting the tape. The fda has just informed astrazeneca that it can now restart its covid19 vaccine trial in the United States. So the stock which had been down is now flat to slightly higher. This comes after the fda has concluded an examination of two neurological cases that emerged within patients who were part of the trial. They came up with some type of illness. That has now been investigated and astrazeneca being given the green light at this hour to restart its vaccine trial. Just yesterday, the fda had given the nod to Gilead Sciences remdesivir as the first approved treatment for the coronavirus in hospitalized patients 12 years and older. That stock up about. 5 to 60. 98. This as both moderna and pfizer say they expect their vaccines could be ready by the end of the year. Weve got moderna down about. 75 , pfizer better by 1. 5 . But as viable vaccines, you know, you could call it inching along, inch closer to reality for the general public, jpmorgan strategists are warning investors that when that muchawaited moment of success arrives, beware and this comes down to your portfolio, beware of companies that will then be vulnerable to significant selloff. Jpmorgan says it may be time to go short on the following names, zoom, chegg, grub hub, overstock and costco. Its not really a surprise that these names are all down at the moment when they are outed by jpmorgan. Heres what jpmorgan says. Because these names have seen such incredible momentum during the pandemic and have crowded positioning, that may turn tail when consumer activity normalizes ostensibly because of a viable vaccine. To our floor show traders. Teddy, personally, i dont see a vaccine the likes where once we get it, zoom and these other names go dark, but what do you think of jpmorgans list and what would you add to that . Well, im not sure i add anything, but im not sure that i agree with them 100 . I think the reality is perhaps yes, there will be some softness but i think the fact that a lot of the enthusiasm for a lot of these names, particularly in the drug area, have kind of waned. You know, maybe its a case of selling on the good news, well have to see. At the end of the day, we certainly want to see this vaccine. I think the real issue for all these companies is perhaps if we dont get the vaccine for some reason, then we have much bigger problems. But rather than look at their list, i think the opportunities are really in the next sectors that will do well if, in fact, this vaccine comes in a very timely fashion. I think thats a much easier trade. The airlines, the entertainment, united airlines, disney, commercial real estate in new york city which is horrendous. I think its a lot easier at this point to pick the potential winners when we get a vaccine and not worry so much about the stocks that might be or might not be ahead of themselves in anticipation of the vaccine. Liz both are tough to do, figuring out what will do well, what wont. What do you think, phil . Give me your list of what you think should be added and maybe subtracted from what jpmorgan has to say. First of all, i think if we do get a vaccine, it is going to open up the door for an incredible stock market rally overall. I think some of these names that will get hurt might get risen by the rest of the tide. Some of those that you mentioned like zoom, i think netflix could be another one that could take a little bit of a hit. They are already warning their surge in subscribers may slow down once people actually go back to work. They are supposedly working from home but watching netflix at the same time. Allegedly. I dont know that for a fact. But you hear that. But i think the sectors that got beat up, i think teddy touched on the airlines. I think thats a great thing, if people start to travel again. Oil and gas, assuming Vice President biden does get elected, those are going to be great buys at this point. And food and entertainment, travel and leisure, these are stocks that will come back in a big way because we know americans want to get back, they want to be involved in the economy, they want to start living their lives again and they dont want to be locked up at home. I think once we get that vooks se vaccine, we will quickly see a lot of good things happen in the economy, good things happen for these businesses, good thing for travel and leisure, energy, you name it. Its going to be a nice time. I cant wait. Liz. Liz the restaurant chains. Yes, teddy. Liz, if i can, i really do, this is not an easy business no matter what, but i do think as phil points out, he kind of mimicked what i was trying to say, i think the easier trade is really the long side and the sectors that are out of favor, is in fact this vaccine is coming as soon as everybody seems to think it is. Thats the trade. I give jpmorgan a lot of credit for putting out a list of short sales, but dont forget, people that sell short buy them back or go to prison, you know . Short sellers are all potential buyers. Liz hey, we love our short sellers, too. We are agnostic here. Teddy, phil, great to see you both. Have a good friday and a good weekend, if you can. Weve got some breaking news right now. Democratic president ial candidate joe biden making his very first comments since last nights debate. Hes delivering a speech in wilmington, delaware and in particular, discussing his plan to beat covid19. He just called for increasing coronavirus testing in order to facilitate the reopening of the economy and he accused President Trump of giving up on fighting the pandemic. We will let you know if more news comes out of this speech. A fox business alert now on a dow component we need to tell you about. Of course, thats intel, the Worlds Largest Semiconductor Company has sunk to the depths of the s p 500 after pandemicstruck businesses and governments chopped away at Data Center Spending which has become in the last five years a key and Massive Division under the intel umbrella. The stock is falling 11 right now, but how bad was it . Well, the Data Center Business plummeted 47 after two quarters of growth. We should check on rival chip makers, if we can, nvidia, micron, amd. We see nvidia and micron moving higher. Nvidia and advanced microdevices moving higher. Micron technology down about 3 . All right. This is important. Is it that kids are bored during the pandemic, or that parents felt guilty during the pandemic that barney saw this huge renaissance . Mattel surging after the toy Company Posted better than expected Quarterly Results in large part because consumers bought up half a billion dollars worth of barbie dolls. Hasbro taking a leap on the news but mattel up about 10. 6 . Big move for that stock. Hasbro better by 3 . Speaking of barbie news, move over, ken. Rock star elton john is getting his own barbie doll. Not apparently in his likeness but with his fabulous style. Mattel says some of the credit for the earnings beetlat also g to the success of its baby yoda plush doll. Okay. Dont say it. Do or do not, there is no try. Yoda was a hard butt. Really mean. I dont want to hear i cant. There is no try, there is only do. All right. Thats that. Boston beer, boston beer hitting a record. The maker of the truly hard seltzer raising its 2020 forecast for profits after beating estimates for the third quarter. Brokerages rushing to raise price targets. The median price target now stands at, you ready, 1,015 a share. We are at 1,080 right now. Up 17 . Nice intraday move today. It is a good bet that the beer will be flowing in just a few hours. The rays and the dodgers getting ready to play ball in what might be the most social world series ever, even as the pandemic keeps inperson fans away. Americas pasttime making its most high tech pitch to fans ever before. The stocks that could sail to home plate with the closing bell ringing in just 50 minutes, what about that time yours truly threw out the first pitch at the angels game . If you guys are good, and you stay with me through the commercial break, i might just show you how hideki caught my pitch. Youre watching the claman countdown. Businesses today are looking to tomorrow. Adapting. Innovating. Setting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. Before money, people tools, cattle, grain, 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. Thats why its time for Digital Currency and your investment in the grayscale funds. Go digital. Go grayscale. Liz we have this fox business alert. We are now, we are just getting these reports that Johnson Johnsons Coronavirus Vaccine trial also will resume soon. Trials were initially paused on october 12th due to a study participants unexplained illness. This is a lot of news in the last call it 14 minutes since the show started. Astrazeneca now allowed to restart its vaccine program, and now johnson johnson. Johnson johnsons stock is up about. 25 at the moment. So the process continues. Operation warp speed. All right. The l. A. Dodgers are just three wins away from their seventh world series championship. They are taking on the Tampa Bay Rays tonight at 8 00 p. M. On fox in game three of this fall classic. So any of you who have been watching me know i am a diehard Cleveland Indians fan because when i moved to ohio back in the 90s, of course you become an indian fan. Growing up in l. A. , i was dodger blue. Back then, i think we are talking, what, 1991, fernandomania swept across the southland. And of course, he was flanked by the everloveable manager, hall of famer tommy lasorda. Who doesnt love him, right . Guess how long it took Team Countdown to find these decadesold clips youre looking at, dig them up and edit them together . Two minutes. Thanks to the new partnership between google on the mlb film room. Now fans, all of you guys, can easily create ultimate video highlight reels on your own for free. The film room Just Launched and has now sparked a year over year 253 increase in searches on mlb. Coms video portal. What else is mlb doing to drive Fan Engagement . Chief operations and Strategy Officer Chris Marinack is the man tasked with keeping fans excited during i guess you could call it a year like no other. In the past, the league was so proprietary about clips and highlights. Now we were amazed, we can curate video of fernando v valenzuela whenever we want. What led to this change and the partnership with google . It was an unusual year this year and because of all we have gone through, with the pandemic and not being able to have fans come to the ballpark, we felt it was important to bring the game to our fans at home and the film room product is just one example of how we have done that. We unlocked all of our video library, almost four million videos, and gave our fans a chance to be in control to make their own highlight reels because we cant produce everything that fans want to see and be able to let our fans at home control the highlights they put together and then share them with their friends and family, we felt like that was a really great way to bring the game to our fans at home. Liz and with the help of an outfit like google, obviously with youtube, alphabet, all of the power behind that, that partnership has enabled people to jump on and start kind of editing their own little highlight reel. Who are the most popular at the moment when it comes to clips that people are hunting and searching for . Yeah. We just released our top ten most searchedfor players in the post season. Fernando tatis is an exciting young player who hit a number of home runs early in the post season and had a viral video clip of him doing a back flip and hitting a home run in one of the games earlier in the post season. Hes generated a lot of buzz. Those are the types of things we have seen fans really grab on to. For them to be able to create their own highlight reel with his atbats, its been a really unique opportunity for fans to engage with baseball. Liz weve got this board, teaming up with the mlb and twitter is right there, too. Talk about what relationship you struck with twitter and how fans will feel it directly. For anybody thats been to a game, you know going to the ballpark is kind of the peak experience of a baseball fan, and the pinnacle is going to the world series, obviously. Given all we have been through this year, not as many fans will be going to the world series and throughout the regular season, no one went to a game for the entire regular season. So we were brainstorming ideas of how we could bring the baseball experience to our fans, and what better way than to allow fans to get that batting practice souvenir, to catch a ball, home run ball from batting practice. So we tasked our fans with sending in tweets and some of the tweets were stamped on balls that were authentic batting practice home run balls from pregame and the world series. We will be shipping those balls off to some lucky fans over the course of the next couple days. Liz okay. About an hour ago i tweeted something with the hash tag, mlb. Im waiting for my ball. What about snap . Youve got a partnership with snap as well. You might be a winner. Liz i might be a winner. Okay. Tell me about snap. Because this is an interesting one. So snap is probably the best example where we are trying to connect with the next generation of fans, the genz audience. Obviously, snap is a leader in the genz space. They are also a leader in the augmented reality space. Our young fans love to create these a. R. Photos and videos of them in different scenarios, then share them with their friend and user community. So the snap partnership has allowed us again to bring the fan to the ballpark. So you can put yourself on the jumbotron, you can put yourself at globe life field, you can put on a hat of the dodgers and rays and create a really fun photo or video, then share it with your friends on any platform, and really, just create another way for you to have a fun engagement with baseball during this world series over the next week or so. Liz chris, when we were trying to put our highlight reel together, there was one highlight or maybe well, it wasnt a lowlight. It was a highlight. May of 2010, we could not find it but we had it in our archives. It was me throwing out the first pitch at the angels game. Yes, i was on the mound. Can i just say. And i threw it to hideki and it was just a bit outside. But i did do it and i got to tell you, i have done a lot of nervewracking things. That was the most nervewracking thing i have ever done. Have you thrown out the first pitch . [ speaking simultaneously ] liz hey, Mitch Williams coached me. Yes, the former phillie coached me beforehand. Chris, great to see you. Good luck with the world series. Its on fox tonight and we appreciate all that mlb is doing during this difficult time. Thank you. Thanks a lot for having me. Liz by the way, yes, the Tampa Bay Rays, we love our rays fans, too. Game three, world series 2020. Only on fox. What else do you have to do on a friday night, you guys . Tune in. Okay. The fireworks certainly flying at the final president ial fight night from big oil to covid to china, white house director of trade and Manufacturing Policy Peter Navarro weighs in live from the white house in just a few moments. Next tuesday, im among the fox business allstars joining Charles Payne in the next America Votes together virtual town hall. We are going to tackle your questions about the Major Economic issues of the nation just one week before election day. You guys, whether you are big or Small Business owner, or individual investor, email a video of yourself asking a question to investedinyou foxbusiness. Com. We may feature it next tuesday. 2 00 p. M. Eastern only on fox business. Closing bell, we are about 37 minutes away. The dow struggling, down about 50 points. Well be right back. Ve an idea. Oh yeah, you going to place it . Not until im sure. Why dont you call Td Ameritrade for a strategy gut check . Whats that . You run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. At aetna, we find that inspiring. Youve still got game. But to stay on top of your game takes a pl

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