That Summer Vacation today, youre losing money, particularly if you are a tech investor. On this first trading day of august, the nasdaq aiming for its 29th record close of the year as tech giants from apple, like we were talking about, to microsoft and a whole host of other names, lead markets higher. We have the nasdaq up 176 points right now. Dow is up 274. Youve got to watch microsoft in this final hour. It is hitting a record high after confirming charlie gasparinos report that the og Software King is indeed in talks to rescue viral video platform tiktok from President Trumps threats to ban the chineseowned favorite of dancing teen agers. Of all the chinese apps, why ban this one . Charlie breaks it in just moments. And if the president does ban tiktok, will that be a shot across the bow aimed at china . We have team fox business coverage of the brewing tensions between the two superpowers. Our tech panel is here to tell you if we are on the verge of a high tech cold war and why that could be more dangerous than a military war. Plus, even as the pandemic lockdowns ease, gyms and boutique fitness owners are still left holding the empty gym bag. Class pass has built its massive business around inperson workout classes at your Favorite Local gyms. How did it pull off a miracle to keep itself alive and kicking and boxing and spinning . The ceo with us in a fox business exclusive on how he keeps it going. We will show you the amazing dragon capsule landing spacex pulled off. How teslas stock is shooting up like a rocket as well. And why is chinese competitor is moving in the exact same direction. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. The National Hurricane center has just issued a warning for north and South Carolina as Tropical Storm isaias i cant even pronounce this thing. Okay. Whatever. It will strengthen into a category 1 hurricane later today. Right now its Tropical Storm. But it will bring with it heavy rain and potentially deadly storm surges. This is nothing to take lightly here. Its already skirted florida but still dumped heavy rain and flooding there, and its blamed for two deaths in the caribbean. It is expected to soak major cities such as washington, philadelphia and new york as early as tomorrow. Weve got Hurricane Press stocks right now, home depot up. 25 , lowes 1. 25 , generac, maker of je je generators, up 2. 6 . Electric pickup truck Startup Lordstown Motors is going public via the hottest thing these days, a merger with diamond peak holdings. This is a spac, special acquisition company, aka blank check firm, the deal valued at 1. 6 billion, slated to close in the fourth quarter. The new company will be called Lordstown Motors and will trade under Ticker Symbol ride. 16. 33 up. Nikola reports Quarterly Results tomorrow. Its first since going public through a reverse merger with a spac and nio was trading higher on bumper july delivery figures. Youve got nio up 12. 6 . Nikola up 16 . Heck, why doesnt tesla just come along for the ride. Its up 3. 8 . The ev emperor at the moment still continuing to rise as investors read all of the ev news we just brought you, indicating higher Market Penetration for the entire sector. From Ticker Symbol ride to race. Yeah. Thats the Ticker Symbol for ferrari. Race is actually up 3. 3 . This is, of course, the name behind ferrari. Opening lower this morning, the stock shifted gears and is higher now, despite trimming its full year earnings forecast, ferrari says its Second Quarter order book is quote, up significantly year over year. In a race for faux meat domination, beyond meat got a leg up after announcing its beyond burgers will be sold at walmarts warehouse chain, sams club and bjs wholesale clubs. This news comes days after impossible foods which is not publicly traded began rolling out its burgers at walmart supercenters and neighborhood markets. We have walmart down, call it flat. Beyond meat is up six full percentage points. It just ticked up the moment we talked about it. Bjs up. 33 . Well, from the race to nab shelf space to betting on races. Investors are game for International Game technology after it inked an agreement with fanduel. Up 7. 7 for igt. Its play sports platform will power all of fanduels sports books. Check the dow, up 252 points. The biggest bet, wall streeters are making at this hour is whether chineseowned tiktok survives incoming missiles from the Trump Administration. Now, an hour ago, the wildly popular short video social platform kind of got a little bit of a reprieve. Call it a momentary ceasefire after President Trump appeared in the cabinet room and said he quote, doesnt mind if microsoft buys tiktok from the chinese. He also mused that it might be easier if microsoft acquired the whole Company Versus just a 30 stake from, yes, chinese parent bytedance. Either way, he said tiktok must be sold to a u. S. Entity by september 15th or else he will ban it. Cue sobbing teenagers here. Microsoft is no stranger to the social media stratosphere. In 2015, the tech titan bought Digital WorldBuilding Game minecraft for 2. 5 billion. In 2016 it snapped up linkedin for 26. 2 billion and dont forget xbox which mean could argue is one of the biggest social platforms of all, with millions of players interacting with friends and microsoft could bank tons of user data from mom and pops basement and the kids playing down there. All right. Tiktok, with the potential 40 to 50 billion valuation would be the biggest yet. Launching microsoft into a whole new world of competition with companies from snap to twitter to facebook. Charlie gasparino first reported microsofts potential white knight role on friday. Charlie, you have breaking news. Where do we stand right now at 3 07 p. M. Eastern time . Charlie where we stand is this. Its a stalemate. Its up to President Trump. As you know, he has a press conference scheduled for 5 00 p. M. Today. We will likely get some clarity on where he is on all this. If hes talking about a 45day window or you know, a september, what did he say, 15th window, what hes essentially saying is cfius, the council on Foreign Investment in the u. S. , is going to essentially cause a divestiture of tiktok u. S. From the main company, basically saying that tiktok u. S. Cannot operate in the u. S. Unless a u. S. Company comes in and buys it. It will have other language but im translating it for you. Then they have whoever buys it presumably microsoft, maybe someone else, tiktok is saying it has other potential suitors, but microsoft is obviously interested. They have said so. We know theres talks, could come in and has to prove to the u. S. Government when it buys it, its going to lock down the security, that the chinese will have no role in this, they will have no way of gaining access to user data and microsoft is a company that could potentially do that, as its an expert in computing and Cloud Computing right now. So this is a company that could pull that off. The interesting thing is, liz, the president s statement about you know, he wants to be paid for this. I mean, it sounds like President Trump wants an Investment Banking fee on this deal, because hes putting it together. It was a very odd statement that he made earlier today. You know, generally, the u. S. Government does not take stakes in companies except for other sort of, you know, emergency situations. Obviously the u. S. Government took stakes in various companies during the financial crisis, fannie and freddie, those were quasigovernmental agencies, private companies in the first place, because the federal government owns the majority of that. They took stakes in auto makers, they gave bailout money to various banks. Liz but thats not this. Charlie thats not this. I know. This is really bizarre. The companies themselves, i can tell you, you know, nobody knows really what hes talking about. And heres the initial read. Im running this by people that follow this, lobbyists and legal experts, is that it might be illegal what hes doing. If hes extorting a fee liz it throws out the whole capitalist, charlie, it throws out the whole vision of what a capitalist nation is. That allows the freedom of businesses to conduct their business. Charlie well, its actually more than that. Okay . Think about what the president s role is here. The president s role here is to issue an order. Hes asking to be paid to issue an order. Okay. Thats not its probably liz he has to have been kidding. Charlie listen, a couple months ago he was talking about shooting detergent to get rid of covid. Theres a really, theres a possibility this thing gets walked back, that someone sits there and tells him okay, you know, lets not go there. So thats where we are right now. Listen, im telling you, i played this pretty straight from the beginning. Ive always said the Trump Administration is going to play a major role here. I stayed away from the wall street journal reporting that it was merely a done deal over the weekend because its never a done deal when you have this sort of like government interplay. Microsoft might buy it, they might not buy it in the end. He made a good point about why just buy the u. S. Portion, not the whole thing, because you know, microsoft is weighing that, is the u. S. Portion worth it. They obviously want to buy other pieces of it as well, australia, you have seen some of the other countries. This is a difficult story. Its something that you have to be really careful about saying anythings a done deal until you see the paperwork. Even if the president goes, allows the deal to proceed, a cfius review, it will be a very stringent review, meaning 45 days, microsoft is going to have to prove to the government that theres no chinese involvement, the downside for trump, though, and the administration outlawing this like Peter Navarro, some of the others, it is a popular app. Its 100 million people. You know, tiktok did a survey with its users and it basically found out that users cant understand what the fuss is about. They also surveyed regular people, lot of regular people believe that this isnt an arm of the chinese government. Liz why arent they worried about alibaba . Why arent they worried about jd. Com . Charlie you are making good points. Liz retaliation. Charlie listen, im just saying you make good points. It seems like the microsoft angle is kind of where were going. You have to believe that people like Peter Navarro are out there putting stuff into trumps head right now. They are so adamantly against any compromise on this deal. You know, you take it for what its worth. Peter navarro, you know, has made some great points about china and some of its nefarious dealings in the world. Hes also said some crazy stuff about trade. Hes also made some comments about dr. Fauci and also the pandemic that people are shaking their heads. So this is a guy that, you know, goes off the reservation but he does have the president s ear. Thats why you cant say this is a done deal until you see the paperwork. By the way, i just want you to know that my 12yearold niece gave us the thumbs up on our reporting on tiktok. Shes an avid user. Back to you. Liz i know. My daughter has been doing my research for me. Lets put it that way. Its a big deal here. Charlie, thank you very much. We havent even scratched the surface about what the investment play is if this microsoft tiktok deal goes through. Just by making the threat to ban tiktok unless its sold to a u. S. Company has the Trump Administration just launch the first volley in a high tech cold war with china. Weve got a power panel coming up. They will take a deep dive for you. Stay tuned for that. In the meantime, a saliva test for covid within spitting distance for one publicly traded name . With the closing bell ringing in 43 minutes, 48 minutes, codiagnostics surging higher after the fda granted Emergency Use Authority for a new selfadministered covid19 Rapid Response saliva test. Using codiagnostics patented technology, shares spiking 21 right now. By the way, that only adds to a more than 3,000 gain since january 1st. Yeah. Dont you wish you bought it back then. The coronavirus pandemic still a huge question mark hanging over the u. S. Economy. But as Congress Remains deadlocked, could a stimulus black swan be the real market killer lurking in the weeds . The claman countdown is coming right back. Not until i tell you the nasdaq is up 152 points. vo since our beginning, our business has been people. And their financial wellbeing. Its evident in good times, with decisions focused on the longterm. And crucial when circumstances become difficult. That continued emphasis on people our advisors, associates, clients and communities gives us purpose, strength and a way forward. Today. And always. Simon pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. He scores stanley cup champions touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Liz breaking news on boeing. The aircraft giant moving higher at this hour after the federal Aviation Administration said in its preliminary report that boeings proposal requiring four specific changes to the 737 max effectively do mitigate safety issues that were seen in two horrifically fatal crashes. They include changes to flight crew and maintenance procedures. The max, of course, has been grounded since march 2019 after the second crash. We are looking at boeing jumping 4. 32, a gain of 2. 7 . Remember, for the year, year to date, its down 50 . More ways to go here. August 2020 already. On this first day of trade for the month, the traders, typically traders see august as a signal to unplug, head for the beach. But heres some data that might reel them back to their stock screens. According to dow jones market data, as calculated by s p 500 returns, the markets august performance during Election Years rocks it, up 2. 87 on average versus a gain of. 6 during nonElection Years. But what about an Election Year when a pandemic is raging and unemployment unemployed voters eagerly await an extension of extra Unemployment Benefits which just expired this past friday. We are just getting this breaking news. Treasury secretary Steven Mnuchin says meetings with Democratic Leaders of congress on the Coronavirus Relief bill have finished for the day. We are also getting this, that House Speaker nancy pelosi says the meeting on the Coronavirus Relief bill was quote, productive. U. S. Democratic senator Chuck Schumer says he believes there is a desire to actually get something done on Coronavirus Relief. Pelosi says for her part she will meet again with treasury secretary mnuchin. White house chief of staff mark meadows on tuesday also agreed with that. All right. With all of that news, we are watching the dow, still up 233 points, should you be risk on or risk off with your portfolio . To our floor show traders. Guys, i know we just threw that breaking news at you but scott, regardless, this is a black swan summer. We have never seen anything like this. Do you turn your back on your stock portfolio and simply head to the beach or establish a beachhead by staying in the game . I think you can do a little of both. We have had this black swan, besides summer, going on since february where no one knew what to expect from the markets, but the markets, every step of the way with every piece of complicated news, pretty much held in there. Different sectors, tech led the way. I was at the beach last week. I was able to still hold stocks with some stocks out there, if the trade changed, but the trade didnt change. S p held 3200. That was a line in the sand. Traders are putting lines in the sand to figure out can this rally continue. Here we go into august. Techs led the way. Maybe we get closer to a vaccine, maybe we get even a little more of a rebalanced trade but i think if you want to rotate through tech names, great. They have been outperforming. I actually bought a little bit of jets today. I dont want to buy an individual airline but in case we get a little bit of rebalanced trade with tech cooling off, some money could flow into the airlines. I will go with jet, its very very tight. I think you could be long the first 15, they were as high as 22 on the first rebalance. I kind of like that as an off the beaten path trade for the rebalance, besides Everything Else thats been working. Liz how about that. Just as we get the boeing news, scott redler already knew he should be in the etf i guess really make sure you spread your risk beyond just a boeing. Phil flynn, do you leave it or do you like it . Do you look at your portfolio and keep your eye on it through august, even the last week, which is traditionally very thinly traded . Well, if you trade from the beach, make sure you dont get sand in your computer. I have done it. It doesnt work really well. Okay . Scott can do that because hes really fast. Other people, be careful. No, listen, this is going to be the most wonderful august in a long time, even with the concerns of joe biden having the lead going into the presidency and concerns that new regulations and higher taxes are going to kill the stock market ram rally. Thats a problem for another day. Look at what we will have in august. We will start pricing in the biggest rebound in the u. S. Gdp probably in history. We are going to see from beneficials that are speaking today, throughout today and tomorrow, that they expect to see more stimulus and then you actually hear from washington they are making progress on the unemployment, extending the unemployment. Thats going to be a Huge Positive right now. So you really dont want to fight this market in august. Theres a lot of factors that can continue this rally, really drive it a lot higher before the end of the month. Liz okay. Lets not ignore, this is really important, the manufacturing picture here. Boy, was it ugly before. If you look at the july ism, the institute for supply management, folks, thats just a fancy way of aggregating the health of the manufacturing sector, it beat 54. 2 versus the expectation of 53. 6 . The tenyear yield, though, last week it was barely above. 52 . You know, this morning it was at. 56 . Why so much fear and people still piling into treasuries . I think its basically because of what the fed is telling you they are going to do. They are going to be printing more money and you know, so thats kind of that offset play. You can either run to gold or you can run to bonds. I think if you look at the manufacturing data that you mentioned, look around the globe. Its not just the u. S. We saw incredible data out of europe overnight. In different places, their manufacturing is coming back and in china, as well. That was one of the etfs that you can kind of take a look at that Goldman Sachs manufacturing, gman, i love that. Gman index for manufacturing. That should be doing very very well as an alternative play if you want to look at manufacturing. To add to phil liz scott, phil really quick. Really quick. Just a lot of old relationships are not what traders can base trades off of. When you have Interesting Times or complicated times, sometimes you have to stick with whats working and whats not working. You cant short whats working because of old indicators that might yield different results at different times. Liz dont short whats working. Really. Scott, phil, great to see you. When we come back, the ceo of classpass, one of the hottest companies before the pandemic. Boy, are they surviving. Got to hear how. Now is the time for a new bath from bath fitter. Every bath fitter bath is installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Liz Planet Fitness shedding some weight in kind of a bad way at this hour, after bmo cut its price target on shares of the workout chain by 10 to 70. Its below that right now at 50. 77 a share. But you know, its still dropping 2. 7 . In a mirror image move, rival peloton is kicking into high gear, up 5. 5 as firms are raising targets on the 2020 athome fitness rock star. Peloton shares stand at 72. 02 at this hour. All right. I keep checking the dow because remember, the high of the session, a gain of 278 points. But right now we are up 251. So climbing back up there. Let me get to not just fitness but social fitnessing as some very large gym chains are slowly attempting to reopen while other smaller specialty ones have been forced to get creative or told outright you cant open right now, trying to offer virtual workouts, outdoor classes in parking lots, wherever they can do it. What happens when your entire Business Model depends on connecting fitness addicts with facetoface inperson gym classes during a pandemic not only in the u. S. But all around the globe . Joining me now in a fox business exclusive is classpass ceo fritz lanman who i dont even want to know what it was like for you in march, where r sievery single of your partners, barrys boot camp or the barre classes were suddenly told shut down, lock the doors. You guys have come back fighting. What was the key thing you did in the very beginning where you looked and said we are at war, we have to have a war room, we have to figure this out . Yeah. You know, navigating a Fitness Company through a pandemic was never a career challenge i anticipated, but its been great to see the company and our partners and the resilience of the industry. For us, specifically, the things we did was one, we froze all of our subscriber memberships and allowed people to go to a pay as you go instead of a recurring subscription model if they wanted to keep working out. Second, in about ten days, we staged a Digital Product that allowed anybody around the world to take one of our 50,000 different ondemand or livestreamed classes from over 4,000 different studio partners. So thats been the other kind of main way we kept people engaged and working out. Liz i brought up barrys boot camp because i was going, i was a devotee, the whole thing shut down, yet there were cities i go visit or i would have to travel to, we were in argentina for the g20 and i couldnt go on barrys boot camp but now, anybody, no matter where they are, because its a partner with you, can do this, correct . What have you seen . What are the anecdotal pieces of evidence youve had where globally, you now have anybody being able to attend a boutique fitness class . Yeah. So its a great question. It is really fun for customers in two ways to do digital. One is you can access instructors around the world that you could have never accessed before. Say you are in london, you can take a class with an instructor in l. A. The second thing thats really cool about digital, you can make it social. We see customers, they get family members or College Friends and they organize a social workout across the country together through classpass just to kind of connect and catch up. Though those have been the trends we have seen. The other thing we have seen, digital has been great. The amount of customers who want to do digital has doubled since the beginning of the pandemic so a lot of people are trying that. But people have gone people have got innovative with traditional fitness, too. We are seeing a lot of people going to parks. You mentioned parking lots. Amsterdam has been the pioneer there with upwards of 15 to 20 of classes now being done outdoors. They have done a great job of navigating through the pandemic. Liz everybody is just trying to stay alive. Not only did you cut your commissions on all of these boutique places so that they could survive and you made sure your customers, your actual customers, did not have to do the opposite of the pay as you go so they could save money. What amazes me is as you took those steps to go virtual, to go digital, apple, i know you guys cant really talk specifically about your situation, but the app store suddenly notified you guys wait a minute, you changed your Business Model to survive, now you owe us 30 which is what a lot of other companies have had to deal with. From a standpoint of any business leader, Congress Just piled on tim cook just last week about sort of pandemic profiteering. What do you say to everybody, your investors, anybody, about the position . Would you take a stand, will you pull your app off the app store if it comes to that versus paying 30 . Yeah, so just to be clear, they didnt just require 30 . They were asking that we adopt their inapp purchasing protocol, if you will, and we had moved so fast to get livestream classes up and running we lhadnt even considered doing that. Since we were taking no commission from the revenue we were sending out for our partners, apple did reach out and they were great to work with, honestly, even though yes, theres a 30 commission associated with inapp purchasing, they were also flexible and said you dont have to do this, you can just take out the ability to take a credit card in the app which is painful. So thats what we were going to do. We were taking the classes out but over the last couple weeks, they have been great and they have come back and you can see that we still have the livestream classes back in the app. They have actually been pretty good to work with through this situation. Liz well, good. Im glad to hear that. You know, when we are talking about it out there, they dont want their feet held to the fire so we wish you and classpass the best of luck. Fritz lanman, thank you so much. Well be right back. Dow is up 223 points. From fidelity. 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And call to receive the complete guide to buying gold, which will provide you important, neverseenbefore facts and information you should know about making gold, silver and platinum purchases. Pick up the phone and call americas gold authority, us money reserve. With nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide, us money reserve is one of the most dependable gold distributors in america. The energy in china is great. People there, theres like a lot of smart, hardworking people and they really, theyre not entitled, theyre not complacent whereas i see in the United States, increasingly, much more complacency and entitlement, especially in places like the bay area and l. A. And new york. When youve been wainning for to long, you start taking things for granted. Liz the Business World clearly starting to take sides just as the tiktok time bomb edges closer to zero. Elon musk praising chinas Business Climate but zoom, getting out of dodge literally as it looks to insulate itself from any political blowback by ending direct Software Sales in china. Theyre just not going to do it. Clearly they are looking at whats happening to tiktok and the president threatening tiktok, saying you know what, we dont want any of that heat put on us. Are we now witnessing the beginning of a new tech cold war where companies will take sides . Lets bring in jj gutz and derek scissors. What do you make of all the behavior we are starting to see that spreads out beyond tiktok and microsoft and those discussions . I think youre exactly right. This is the beginning of a tech cold war. We are going to see u. S. Technology and Chinese Technology that spreads across hardware, software, chip making. Thats the way the world is going. You know, i think this is oftentimes conflated with a political issue but this is really an economic issue where two countries really want to control the future of technology and its very hard for those things to coexist side by side. Liz okay. You are tre the stock guy here. Whats the trade . Lets assume the president is going to follow with, you know, if he makes this attack on tiktok and threatens to ban it, maybe even does ban it, whos next, you know, who might be the better alternative when it comes to putting names in your stock portfolio . Well, you make a lot of the u. S. Social media names, one that jumps out to us is snapchat. They have about as many users as tiktok but basthey have done a really nice job integrating games into their platform, with music, which was announced today, and they are increasingly adding social commerce as well. This group of assets, gaming, music and social all in one. They are often seen as the smallest competitor in this pretty aggressive competitive space. I think they might emerge as a real winner here, as the true independent social Media Company left in the u. S. Liz listen, derek, you have come on the show. You track chinas investments and you look at it from a global perspective, you spent an inordinate amount of time in china. Are we really seeing the start of a very serious high tech cold war . I think we probably are. Its not set in stone. It would be great to imagine the chinese changing their behavior. I doubt that but we can always hope. The reason is, theres an economic reason, who has the biggest most advanced technology companies, we want them, the chinese also want them. Theres also a reason for ordinary americans, i and many others dont want Chinese Companies holding personal data of americans. We have very good reason for that. That means youre limiting chinese access to the United States and the chinese may retaliate by further limiting, because there are already limits, american access to china. The alternative of letting Chinese Companies see inside the lives of americans is not a good one. Liz jay, what is your take on the tiktok microsoft potential here of a matchup . Microsoft obviously, not exactly the coolest guy in the bunch there. You look at microsoft, its more of a corporate company, they want corporate clients, they have a big enterprise business. Yes, of course they have linkedin and they bought minecraft, but it didnt exactly help with the cool factor. If they acquire tiktok, do they up their cool factor and in turn, do they then have a real competitor to say youtube . In terms of cool factor, you know, microsoft has always distanced themselves a little bit from these types of transactions. I mean, they dont really hold themselves out as the owners of skiep skype or linkedin. They keep the brands pretty separate and dont really integrate it into their platforms as much as i think they could. I think this is a Strategic Acquisition of tiktok. Obviously they will use the azu Cloud Platform to power it. I think it will remain tiktok and very quietly lind tbehind t scenes be run by tiktok. If they get access to a genz generation that is getting older, [ inaudible ] havent had it until this moment. Liz derek, what do you think . Will the president allow tiktok to be acquired by microsoft and will that tamp down or inflame tensions with china . Well, i think he would allow it. Im not sure it will occur. Theres a lot of uncertainty about what the actual u. S. Move would be, whether it be quick or gradual, in terms of implementation, what authority would be used. Because of that, tiktok and microsoft could see very different valuations for the business. Microsoft doesnt know what kind of Regulatory Burden its facing yet. It may not find a business as appealing as tiktok thinks it is. If tiktok is forced to bytedance, the chinese parent, is forced to give up on u. S. Operations, you will see some sort of chinese retaliation. They have talked about Lockheed Martin, because Lockheed Martin has supplied weapons to taiwan. If that happens, i think it will, the chinese will pick a major american corporate to retaliate against. Liz here comes the cold war, the early cold war signs here. Weve got to run. Thank you for weighing in on all that appears to be simmering tensions getting a little higher between the u. S. And china. Well be right back. Dont go away. We do have a pretty strong dow jones industrials, up 256 points. But its the nasdaq thats about to see another record. Businesses are starting to bounce back. But what if you could do better than that . Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. 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Liz retro splashdown. Thats right. Just like the old days. The spacex crew dragon endeavor capsule making a clean water landing in the gulf of mexico yesterday in the first return of a commercially built and operated u. S. Spacecraft carrying nasa astronauts back from the International Space station. There they are, safe and sound. I was so nervous. I was like okay, we got through the takeoff. What about the landing. Astronauts bob behnken and doug hurley got scooped up at sea by a spacex ship named the go navigator but neither elon musk nor nasa had calculated for one thing. Look how close these private pleasure boats got to the floating capsule. They are like dude, hi, hey. You guys okay . The coast guard had warned boaters to stay clear of the landing zone in a radio broadcast two hours before the splashdown but that was probably just a signal for everybody to pretend they didnt hear. Zoom over and speed in for a closer look. Nasa and spacex raising some concerns that if there had been an emergency, the private boats may have impeded recovery efforts. Thankfully that did not lap. The coast guard, though, has promised to review security procedures because you know, they got to get on that. Spacex still not publicly traded but heres how some of the other space stocks that are happen to be doing. Boeing, Lockheed Martin, Virgin Galactic and ufo, the sfpace et, everybody higher except for lockheed. Look at space, which is Virgin Galactic, up sefrp7 on the suc of elon musks spacex, getting a little rising tide lifts boats. Or space capsules. Covid19 taking down two of the countrys most wellknown retailers. The Parent Companies for lord taylor and mens warehouse have filed for bankruptcy. They join the list of about a dozen retailers from j. Crew to Neiman Marcus who also have filed for chapter 11 since the pandemic hit. For more on a very rough year for the retailers, lets head to lauren simonetti. Lauren . Lauren liz, that list is getting longer. The nations Oldest Department store, lord taylor, just filed for bankruptcy. It was sold just last year to a French Company and that company also filed for bankruptcy. Look, lord taylor was struggling before the pandemic and the virus accelerated the decline. Half of its remaining stores having Liquidation Sales as i speak. They are not alone. Take a look, this long list also recently filing, including tailored brands, the parent of mens warehouse. Look, we are working from home. Corporate clothing is out, not to mention tailored brands has been struggling since 2014 when it merged the two suit brands, mired the company in debt that it never climbed out of. Theres your list of retailers filing for chapter 11. Liz . Liz i dont like to see that. I guess evolution, right . As we watch it. Lauren, thank you very much. Lauren simonetti. Good to see you. We do have the dow up 234 points with the closing bell ringing in seven minutes on this first trading day of august. Up next, after tech titans faced lawmakers and then pretty much brushed off the congressional attacks by releasing some blockbuster earnings, is it alphabet, apple, amazon or facebook that you might think is the least risky bet for your portfolio . Which one of the four . Todays countdown closer has his answer and the reasons so you get to decide when we come back. Liz all right. With regulators last week pretty much questioning the ceos of apple, amazon, google and facebook, whether the four wield way too much power over competitors amazons Ceo Jeff Bezos not only had to defend his Ecommerce Company that he founded but you know, the underlying question is, wait a minute, is this so huge and yet its pricetoearnings ratio is skyrocketing, meaning whatever it cost for the stock it es way more than the company is going to make . Well, guess what, our countdown closer doesnt even care. Were joined by Summit Global investment cia david harden, you love amazon even though with a pe ratio of 121 here . Amazon is a good company in the sense it is continuing to gain market share. It is the only retail that is working out there. Dont get me wrong we like apple and some of the other names you mentioned as well but amazon has lower pe, a. 79, a low beta, future earnings only at 106, it is going in the right direction in the sense of cheapness. To me amazon a clear winner here he up over 70 . With still room to grow. We are still buying from amazon. Liz you know that is very true. When you look at the actual fundamentals, versus just looking at charts as the technical guys do i look at that, saying this one will survive. I constantly ordered from amazon through the pandemic. You have other choices if amazon is a too rich pe for some of our viewers investtores. Microsoft, walmart and you also i believe like pfizer . You want to be diversified, right . You want to have less market risk. At summit one of the things we specialize in is taking appropriate market risk. Taking a managed risk approach to equity investing. You want stocks that trade on their own. Microsoft and walmart, pe, they do that. [closing bell rings] liz okay. Thank you so much. He liked amazon and microsoft. That will do it. Guess what . It is a nasdaq record. Time for after the bell. Kicking off the month with a new record on wall street. Im david asman in for connell mcshane. Jackie im jackie dedough in for melissa francis. Apple continuing its winning streak