Killer, a fox business exclusive, this is really interesting, with the ceo behind the Public Company that owns the rooms where its all happening for these vaccines. A vaccine not coming soon enough for new york city. Times square still without its throngs of summertime tourists. In doughnut world, you go big or you go home. The ceo of krispy kreme takes us behind the scenes of his flagship store. The s p getting an alltime high. It just needs any gain whatsoever. We are just at the flat line at the moment. The dow up 47, looks to snap a twoday losing streak. Plus could housing be too hot to handle without more stimulus . Apple now truly in a club by itself. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. Microsoft not oracle is and will be the company to buy tiktoks u. S. Assets and a binding deal will be signed by the september 15th deadline imposed by President Trump. In a fox business exclusive, sources close to negotiators at bytedance, the chinese parent of the wildly popular short form video app, tell me quote, if september 15th is the bottom of the ninth, talks with microsoft are in the top of the seventh inning and that microsofts head start in expressing interest in tiktok has given it the momentum in holding the lead. These sources are also telling me that while a deal, a signed deal, whether thats a long form agreement or perhaps a shorter detailed sheet, will be complete by the 15th, that of course being the day President Trump says he will ban the app unless the u. S. Assets are removed from chinese control, the actual close of the agreement could take another three months due to the complicated technical nature of such a transfer. The deal would include tiktoks new zealand, australia and canada divisions but my sources are telling me quote, the uk assets wont be. Quote, we dont want to sell tiktok uk. Now, while neither tiktok, microsoft or oracle had comment, immediate comment, im told oracle with a much smaller 174 billion market cap versus microsofts 1. 3 trillion, would have to possibly partner with bytedance investor sequoia and General Atlantic partners in order to even get to microsofts level. So thats why, you know, oracle isnt really that lead horse, but it is definitely a real offer. That is it. Like a real interest that oracle has. Although President Trump considers chinas ownership of tiktok a National Security risk, he expressed support for oracle ownership. Bytedance sources tell me quote, remember trump also said he supported a microsoft purchase so its really just equal there. A successful completion of an ontime sale of tiktok may ultimately lie with tiktoks ceo kevin mayer. Media sources familiar with mayers deal making expertise tell me the former disney exec will be the key telling me quote, no ceo has ever been put in the crosshairs so quickly by a u. S. President who demands the sale to a u. S. Entity and that trump is quote, lucky theres a deal maker like mayer in the chair. Coming up, Michael Nathanson on the Biggest Challenges any suitor for tiktok faces and what advantage owning tiktok could bring to whoever wins out. All right. S p just sitting there on the flat line. Thats why we have it on the lower right hand part of the screen for you. Apple, lets get to that. Apple is now the disputed undisputed king of the u. S. Stock jungle. Just before 11 00 a. M. Eastern time, the tech behemoth crossed the 2 trillion market value line, becoming just the Second Company ever to hit that milestone. The first being saudi aramco in december. Apple is the first u. S. Company to reach this mark but to stay there, it needs to remain above 467. 76 a share. It currently stands just below that at 465 and change. Shares, though, are up 110 since the pandemic woes. Unbelievable move for apple and historic day certainly for that company. All right. Its a tale of two retail earnings reports. First up, tjx company, the parent of tj maxx and home goods and marshalls report sales fell 31. 8 last quarter, because many of the companys stores were closed for a third of the quarter. The forecast doesnt look too bright. Tjx says its planning for its open only comp sales to drop 10 to 20 in the third quarter. Shares are down 5. 6 right now. But target reporting gangbuster numbers, with comparable sales spiking 24 in the second quarter. The biggest highlight, listen to this, you guys, Digital Sales were up 195 from the same quarter last year. Shares, no surprise here, spiking 12. 7 in this final 55 minutes of trade. So no question, the stock market has sported a vshaped recovery, right . Take a look at the year to date comp chart for the major averages. Nasdaq, thats the red line, doing the very best with fresh records but even the dow is clawing back to where it stood at the start of the year. You do have to wonder, considering the target, walmart and lowes amazing numbers out there, how brightly the stimulus checks might be coloring some of these stocks. You know, you got to wonder, right . In multiple rounds the u. S. Government has offered more than 2. 7 trillion in stimulus. Walmart even credited stimulus payments for the boost, citing parabolic online sales of 97 . Home depot says purchases exceeding 1,000 per ticket were up 16 in the last quarter, just as Many Americans started getting their 1200 stimulus checks. But the big names and even walmart warned that stimulus cant last forever. Lets get to the floor show. Should we listen to walmart which basically warned dont get too used to these blowout numbers, teddy . Well, i dont know. You walk around new york city, i have been away and am back now, every other store seems to be closed. On the other hand, the big winners clearly are the Big Box Stores like walmart, like home depot, like tj maxx. The consumer is basically trapped at home and they have the stimulus money. They only have two choices in terms of spending it. Stick it in the bank and savings is way up, or Home Improvement. The Big Companies that have the online offerings to go along with the Product Offerings are just hitting the ball out of the park. We see that with the earnings just today. Liz yeah. And target, best buy, macys, seeing the gains here. Walmart down, maybe because it was just honest out there. Weve got lowes following in walmart and home depots footsteps as well, reporting website sales up, what, 135 . Revenue up 30 . The company says it spent nearly half a billion on higher pay and supporting local communities through the pandemic. Is scott there . Can we get scott there . I am here, liz. Liz okay. Okay. So then weve got housing related to the lowes and home depots of the world. Is it red hot despite the pandemic or because of the pandemic, as people are really pouring a lot of money and effort into their homes . On the phone that answer is yes and yes. The troubling thing about it, liz, is without more stimulus, i think many of these high flyers, even the walmarts, even target, home depot, i think they are going to suffer moving forward. Because you look at what the government did in the stimulus, you look at the money that they put in peoples pockets and much of that money went to pay bills and much of it went for consumer discretionary. Without that again here, that is my concern is that many of these companies are not going to be able to even come close to replicating what they did over the last quarter or two quarters. You know, in fact, the fed came out earlier today and said they saw this sizeable increase in Consumer Spending because of the stimulus. So if we dont get another stimulus package or if we get one but its, you know, a fraction thereof of what we had, and we dont get a reopening, we all want that vaccine, we all want therapeutics so we can get reopened but if we dont get that, i think a lot of these businesses are going to be in trouble. Liz yeah. You know, i will say this. That moment that a viable vaccine is put out there and announced will be a fascinating moment for the stock market. People will either sell on the news or we will see a huge massive move in the markets. Its hard to really determine what we will see. Teddy, scott, thanks so much. You guys may get to witness an s p record once again. S p is up just under one point, folks, with the closing bell ringing in 51 minutes. Dow is holding on to gains of 54. Yeah, you know, we are looking at the nasdaq, trying to keep above the green line there. We will keep our eye on that, too. We got to look at goodyear shares getting blown out by President Trumps call for a boycott of the tire maker. The president apparently upset by reports goodyear workers were being told they could not wear political clothing, including the Trump Campaign related phrase make America Great again. Despite goodyear saying those reports are misconceptions, shares are still down about 2 to 9. 53 a share. The 2020 battles not stopping there. The democratic partys biggest guns yet about to take center stage tonight as both parties zero in on the swing states. Up next, we are taking you live to the heart of one of the biggest battlegrounds of all, pennsylvania, next on the claman countdown. Hey, can i. Hold on one second. Sure. Okay. Okay safe drivers save 40 guys guys check it out. Safe drivers save 40 safe drivers save 40 safe drivers save 40 thats safe drivers save 40 . It is, thats safe drivers save 40 . Hes right there. Its him hes here. Hes right here. Hi hi. Hey thats totally him. Its him thats totally the guy. Safe drivers do save 40 . Click or call for a quote today. Safe 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 to the race for the white house. We are now less than seven hours away from a major moment in the history of our nation. Vice president ial nominee Kamala Harris expected to speak tonight at the Democratic National convention. She is the first black woman and the first person of asian descent on a Major Party Ticket but shes not the only big gun on the schedule. Tonights speakers also include joe bidens former boss, president barack obama. Massachusetts senator liz warren. And President Trumps 2016 rival, Hillary Clinton. One place you know folks will be glued to the tv, the suburbs in the allimportant battleground state of pennsylvania. Connell mcshane live outside of philly in westchester, p. A. Connell, what are you hearing on the ground there . Reporter a lot of biden support in this area which isnt very surprising, liz, when you look at the trends of how Chester County has been going in recent elections. There was a fox poll that pointed out the support the former Vice President has not only among suburban voters but women voters in this state that came out in late july, up 26 with suburban voters in pennsylvania, up 17 with women voters. I would say anecdotally that tracks pretty well with the voters we are speaking to here in this area. Its a wealthy area, its been going more blue than red in the last decade plus and theres a lot of antitrump sentiment around here. We need leadership and we need somebody with just empathy that can relate to people. I have never once felt that hes ever been able to relate to me. I dont appreciate his character. I dont appreciate the way he goes with race divisions. I think he says hes for small government and he isnt. Reporter the problem for biden or the challenge is not necessarily winning in a county like this, its by how much. Hillary clinton won four years ago in Chester County but donald trump did so much better in other parts of the state that he ended up winning pennsylvania overall. Thats why we asked some of the voters we ran into whether they were voting for biden or against trump. I would say its as much a probiden vote as it is an antitrump vote. No, its more than just antitrump. Its hard to differentiate at this point in time. Hes the only one running against him. I mean, we dont really have much to choose from. Reporter just to wrap things up, we are driving later tonight when we are done here in Chester County to the north and to the eastern part of the state. We will end up in joe bidens hometown of scranton tomorrow. Thats in Lackawanna County which is opposite from this part of pennsylvania because here, this was republican for many years then as i said it started to shift more to the left. In Lackawanna County, you have the prodemocrat union vote that dominated for years, but then they shifted more to the middle. As an example, barack obama eight years ago won there by 27 points but Hillary Clinton only won by three. Curious once we get up there to see how much trumps support is still there or maybe building from four years ago. Such an important state. Liz oh, yeah. In philly, arent the sixers playing tonight . Im not sure. Dont quote me on that. They are in the playoffs here. It will be dueling television here. Connell, thank you very much. Connell mcshane. Live from pennsylvania. Key battleground state. With the closing bell ringing in 48 minutes, dow has just cut in half its gains. Still up 22 points and 800 points above the 27,000 level. S p has turned negative. Again, i remind you guys, you may witness another record close here. Any gain for the s p, we have seen that multiple times today, would be a new historic move. We may still be a month away from the official start of fall but Dunkin Brands already ahead of the trend, releasing its signature Pumpkin Spice latte and fall menu today. This is the earliest dunkin has ever released its seasonal offerings. Rival starbucks has yet to announce when its famous psl will be available. Dunkins other rival krispy kreme gearing up to turn on the lights at its flagship times square location next month. But after months of delays, how will this new 24hour location keep the visitors coming while tourism remains low in new york city . We have the ceo about to give us a tour of that new store next on the claman countdown. Introducing stocks by the slice from fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Quadrupled their money by 2012 . And even now, many experts predict the next gold rush is just beginning. So call us money reserve, the only Precious MetalsOrganization Led by a former director of the United States mint. As one of the largest us gold coin distributors in the country, us money reserve has proudly served hundreds of thousands of clients worldwide. There may have never been a better time to start diversifying your assets with physical gold and silver. And right now its easy to get started. Pick up the phone right now. Call to receive the complete guide to protecting your hardearned assets. Dont put it off another day. The call is free, and youll speak with one of the us money reserve account specialists who will get you your free information guide in the mail right away. I enjoy buying gold. Gold has protected me. I feel comfortable. When i got involved with gold, and something i could physically touch and i could hold. No one could take it away from me. I have it and i have it secured. Of all my years involvement with buying gold, its only gotten better in my faith in the company. The us money reserve. Thats the company i do business with and i dont see doing business with anyone else. Theyre trusted and theyve always done right by me. If youve bought gold in the past or would like to learn more about why physical gold should be an important part of your portfolio, pick up the phone. 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. Liz the grim retail reaper rearing its ugly head in san francisco. The gap has thrown in the towel on three of its stores in its hometown, including its Market Street flagship store. Stock is down about 1 . The parent of old navy now pretty much looking to build up its online business. San francisco, not the only big city taking hits. The New York Post published this oped this week in which the author proclaimed quote, new york city is dead forever. Okay. Just stop. First of all, can we just tell him to stop . Its not dead forever. But the pandemic fear factors not enough at all thankfully to scare away one National Chain ready to make a very gutsy move. To times square live now and new doughnut wonderland krispy kreme where the ceo Michael Tattersfield is joining us. Show us around. Just as mcdonalds has closed one store on 42nd street and others are fleeing, if you believe this oped, you are diving in with arms, head, feet, the whole thing. Yeah, we are. We strive to be the most [ inaudible ] brand in the world. As you can see from our new flagship here in times square, its amazing. Its incredible. I even think you can see behind me, i walked in for the First Time Since its been finally completed and even i was like wow. Its the worlds largest, biggest water park. You got 380 dozen doughnuts per hour. Thats like 4500 doughnuts. Thats a lot of doughnuts, right . Its really really interesting. The shop will be open 24 hours so the light will be on 24 hours. You can get your glazed doughnuts which are fantastic. Its amazing. Im so proud of the new york team. We built this during the pandemic. Liz i see that. Was there any point during the pandemic where you as the leader of a company which probably like all companies had to at least preserve cash, was there any point where you said you know what, we might have to pull the plug on this . Let me give you a little bit of background as to how, why we are still bullish on new york. First off, we have been in new york since 97. Its one of our highest performing shops. The only thing that we really did in the pandemic was switch the opening of the times square location from may until september. But we opened up four other shops and they all did well during this time frame. We learned all about our safety procedures and we learned everything we needed to do with customers and how we can also figure out how the business, we are an omni channel business so how do we migrate to that and where the customer wants to be. Not just new york but even national, one of the first things we did in march, we actually kind of put our marketing calendar aside and really started to focus on acts of joy, and you know, we did a health care monday where if you worked in the Health Care Industry you were able to get as many doughnuts as you wanted on that monday. We did other events for the neighbors and family, you buy two dozen and its a field box you can drop off to your neighbor and a couple other events for seniors and high school. We gave away 29 million doughnuts, to give you an idea. That stimulated a lot of marketing. Liz well, i think that doing good is good business. But michael, our fox business studios are literally around the corner and you cant walk ten feet without tripping over a dunkin or starbucks. My question is how do you lure people, aside from that very attractive fresh hot doughnut sign that always brings me in, thats for sure, how do you lure people away from starbucks and into the krispy kreme store . Again, we are a doughnut shop, right. We are pretty unique in what we do but we also think of ourselves, you know, the business isnt just a restaurant or only a retail shop. We actually, we make doughnuts which we can translate or deliver to our fresh ups which are another part of the city. We bring our doughnuts to the wholesale chains which we Just Announced a deal with duane reed and we continue to build other growth areas for business such as delivery, such as gifting. So theres a lot of access for the krispy kreme doughnut. Theres a lot of reach for us. What we are trying to do is how do we reach the customer base. It isnt about the number of shops. In fact, in the u. S. , we only have 400 locations. So we are pretty disciplined liz but you want, if i understand it, you want to open to what, 450 new stores . By the end of 2022 . Are you still on track to meet that goal and if the foot traffic around times square does not improve much, how vulnerable is the store youre sitting in right now to closure . So we are opening, we are a global brand, so we are opening 20 locations in the u. S. This year. We will be doing another, you know, total global will be about 66. We also added a new line of business which is our extended shelf life doughnut business which is a clean cake line which we Just Launched in walmart about three weeks ago. We opened up the plant in april. So the amount and we cant keep up demand. So specifically, this shop here in times square, yes, will demand be different, absolutely. Could we have decided to say hey, lets not open the shop and wait for new york to get better, then we will open it up at that point in time. We are very well practiced in now operating in new york city and we feel very comfortable about using an omni channel approach that we can actually even use this shop which wasnt designated at one time to do deliveries, but it could. It could do gifting from here. Theres a lot of opportunities. Were not opening shops to close them. Liz well, yeah. I would hope not, especially the ones that are open 24 hours. So everybody take note. Youre in new york, 2 00 a. M. , i need a doughnut. Krispy kremes the place. Good luck to you and the whole krispy kreme team. I think i have to do some on the Ground Research soon. Thanks so much. We would love to have you. Thank you for showing up all the time. Thank you very much. Liz indeed. Indeed. Closing bell, yeah, we are ringing in exactly 30 minutes. The dow is turning negative here, down 20. All the gains have been lost across the board. Nasdaq down 32. S p down 7. We have to tell you, regeneron is taking its covid19 antibody cocktail international. The pharma giant partnering up with swiss drug maker roche to produce and sell its cocktail outside of the u. S. , should the drug win approval the antibody cocktail in late stage clinical trials. Shares of regeneron up 2. 5 . Roche better by 1 . Its not just those in the lab that are at the forefront of the fight against covid19. But its also the companies that own and operate and manage the Lab Buildings where the 24 7 research is taking place. Up next, an investment concept you might not have thought of. An exclusive interview with the founder of Alexandria Real Estate Equities. Owns and manages properties for nearly 80 top Life Sciences companies. You got to hear about this. Well be right back. Im still discovering whats next. And still going for my best. Even though i live with a higher risk of stroke due to afib. Not caused by a heart valve problem. So if theres a better treatment than warfarin, im reaching for that. Eliquis. Eliquis is proven to reduce stroke risk better than warfarin. Plus has significantly less major bleeding than warfarin. Eliquis is fdaapproved and has both. Whats next . Im on board. Dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Ask your doctor about eliquis. And if your ability to afford. Your medication has changed, we want to help. i need it so bad dont call it a hobby. Its way more than just a job. This is how we live every single day. Can we go and play . roaring of engines i needed to try needed to fall i needed your love im burning away i need never get old 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. Big difference is how you pay it back. Find out how reverse mortgages really work with aags free, noobligation reverse mortgage guide. Eliminate monthly mortgage payments, pay bills, medical costs, and more. Call now and get your free info kit. Other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. Discover the option thats best for you. Call today and find out more in aags free, noobligation reverse Mortgage Loan guide. Access taxfree cash and stay in the home you love. Youve probably been investing in your home for years. Making monthly mortgage payments. Doing the right thing. And its become your familys heart and soul. Well, that investment can give you taxfree cash just when you need it. Learn how homeowners are strategically using a reverse Mortgage Loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. 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 we are doing something thats unprecedented not only in our company but in any company. We project that we can have, as you pointed out, 100 million doses by the First Quarter of this coming year, but your target is not 100 million. Our target is to produce between one and two billion doses in 2021. Liz that was novavax ceo talking to neil cavuto today on the vaccine makers ambitions. The bill gatesbacked biotech kicking into hyperspeed to produce a viable covid19inoculant. Some of that very work is happening under the roof of Alexandria Real Estate Equities which owns and manages Research Sites not just for novavax, but for all the major competitors in the vaccine race from moderna to pfizer, astrazeneca, gla glaxosmithkli glaxosmithkline, johnson johnson. The founder and chairman joe marcus is the man at the helm of the rooms where its all happening and he joins us in a fox business exclusive. Tell us, youve got thousands of square feet of managed Building Space and it all pretty much goes to these labs. Tell us whats happening under these roofs where its happening. Well, its a pleasure to be here virtually with you. We are in unprecedented times, as you certainly know, and on behalf of alexandria, wish you and your viewers safety and good health. Actually, alexandria started as a garage startup in 94. They were about a 30 billion enterprise Value Company on the new york stock exchange. We own and manage actually 30 million square feet and have over 80 tenants specifically dedicated to the covid19 fight from diagnostic tools, testing, therapeutics and obviously the important area, they are all important, of vaccines. And stan erck who you just referred to is not only a good friend of ours, but we do, in fact, own and operate a number of novavax facilities in the maryland region and they are one of the key hopefully solutions to winning the battle against covid19. Liz what i find fascinating is that there are so many commercial Real Estate Properties that are either empty or losing customers right and left. Your actual vacancy rates have remained in the mid 90 . That is encouraging. As a Real Estate Investment trust that is involved in commercial real estate, whats it been like to manage these buildings . Well, we are very fortunate, liz. Our normal occupancy is somewhere between 96 and 98 . We are in that range today. Our real estate is really essential. Our laboratories, despite the fact that offices are by and large vacant, our offices or laboratories, sorry, have operated 24 7 since the beginning of the covid19 onslaught and that means they are open 24 7. Our essential personnel are operating there. Laboratories are different than normal offices. They actually have up to 30 changes of fresh air an hour. A Typical Office might have just a handful of changes of recirculated air so they are very healthy. If you are in a laboratory, if you can remember from biology or chemistry days, just facing a Laboratory Bench is pretty broad. We still use distancing and masking but that almost is natural for a laboratory. So we have been very fortunate. I think covid19 will actually become a longterm business. I think the amount of testing needed, diagnostics tools, the therapeutics that hopefully will help you get better if you have symptoms, and maybe you mentioned Regeneron Roche transaction announced, those therapeutics hopefully will be able to prevent people from having an onslaught if you have had exposure say to an asymptomatic person. Liz joel, have you had any trouble collecting rents . Some of these Companies May not be at the forefront of developing a vaccine, may see an interruption in capital flows and liquidity. Tell me about your situation and your experience with actually getting rent collection. Thats a really good question, and much of Real Estate Today is having a challenge, whether it be Retail Centers or offices. We are fortunate, our clients range, over half of our clients are Investment Grade or large cap companies. We have several hundred tenants throughout the country, east coast and west coast. Our cash rents collected, actually rents collected on a cash basis in the month of july was 99. 5 . Just a handful of tenths of a percent were really due to some of the few retail tenants weve had who we have, you know, an occasional cafe or starbucks in one of our campuses who we tried to help along during this covid time. But we have maintained literally very close to 100 collection which i think for any company is probably historically amazing and a historical high. Very very helpful. Liz especially during these difficult times. Joel, great to have you on the show. Please come back. Alexandria Real Estate Properties is the company. The stock has actually performed up 17 year over year. Thank you for joining us. A pleasure. Liz closing bell ringing in 18 minutes. 18 minutes away. Look, we have lost all the gains. Now the dow, which microsoft is a member, is down 62 but you cant really blame microsoft. While it is now down, it had hit session highs earlier. The question is, is microsoft the best partner for the hotly contested tiktok app . Up next, Michael Nathanson of Moffett Nathanson on what he thinks of the countdown scoop that microsoft has the head start and momentum to seal the tiktok u. S. Asset deal by september 15th. And what will microsoft really gain from such an acquisition. From one small sub shop in new jersey to more than 2,000 locations across the nation. Jersey mikes Franchise System ceo shares how he managed at 17 years old, working behind the counter of some sub shop in new jersey to get an actual loan to buy the sub shop and then create what is now jersey mikes. Youve got to hear his incredible transformation, his success story, in an all new episode of my everyone talks to liz podcast. Hes living the American Dream and helping feed americans as we battle this pandemic. Its available on spotify, apple, fox news podcasts. Com, wherever you get your podcasts. Rate and subscribe. Liz i want tyou to turn your attention to this intraday chart of oracle. You can see a dip or divot just around 12 45 p. M. Eastern. Thats precisely when fox business broke exclusive news that microsoft, not oracle, will ultimately buy tiktoks u. S. Assets. Sources at the chinese owned app tell the claman countdown that negotiations with microsoft are in the quote, top of the seventh inning. Lets get to top social media analyst Michael Nathanson, Senior Research analyst at Moffett Nathanson. Michael, a, do you agree with my sources who are pretty much saying its microsoft, theyve got the momentum, they are the ones with fwthe biggest cash pi, they can pull it off . Yeah. I trust your reporting on this. Oracle seems a little bit out of left field yesterday. Microsoft has been expressing interest and they clearly can do a lot more with this asset than oracle can. Liz when you talk about what microsoft could gain, we can show what the stock itself has done since around august 6th. Thats when President Trump said tiktok, which of course for those of you who dont know, is a social media short form video app, tiktok is a company that has actually, you know, has ties to china, its a National Security threat and microsofts market cap has actually gone down but you know, the stock, when you talk about all thats been happening, microsoft could really use this. What advantage does it get from owning tiktoks u. S. Assets . Well, the question is, what can they do with this, right. So Digital Marketing advertising marketplace is massive. Look at facebooks market cap, googles market cap. Lets call it in the u. S. 150 billion industry growing 20 a year, same size internationally. Its a big opportunity. Right now its only dominated by two big players, google in search and facebook in social. So the opportunity for microsoft is to be a third player here and as digital continues to grow, they gain share with a new business called tiktok. The question for us, do they have experience, do they have the talent, the engineers, the ad sellers, kind of the organization and willpower to be in this business. Its one thing to buy a business, quite another thing to be able to take advantage of the marketplace they are competing in. Liz you know, when i look at what microsoft doesnt have, they dont have that sort of cool factor and when you want to figure out how it can get that, tiktok is culturally at that apex of cool at the moment. You talk to anybody who is on it and of course, the New York Times just issued a scathing review of facebooks attempt at copying of tiktok and its called reels. They say its not something they would really want. These are people much cooler and younger than i am. Im trusting the times digital experts. Talk to me about what it could really glean, do you feel, a, that when you look under the hood at the redmond based microsoft, those are among the very best technological engineers. Will it be that difficult to actually sort of extricate the u. S. Assets along with the new zealand, canada and australian assets of tiktok from bytedance, which is the parent, the chinese parent . You know, its a good question but what facebook has been able to do, facebook, Mark Zuckerberg has a clear road map on how they want to build their product, right . Its driven top down, no doubt. Its a great Engineering Team to get to a vision of the product. I dont know if theres a vision there, right. Thats what i dont know. We have seen other Companies Buy apps that were cool and actually do very little with them, right. Coolness in itself may not be the endall and beall. Talk about aol, time warner, myspace, yahoo tons of examples. The question i dont know, we dont know, is whether or not microsoft has the institutional willpower and has the vision to move this asset to where it has to go. We dont know that. Then the question is, if they dont believe they have it, is there another deal to be done. Do they go and acquire snap, combine it, or twitter and combine it. Is this just the beginning for microsoft. Again, we dont know. But leadership is a huge hurdle here. We dont know enough about the companys capabilities in this matter or their longterm vision for what this app could be. Liz well, theres a reason Warren Buffett keeps owners of companies in charge after he purchases the company. He says i dont know how to run them. I want them because they have been run brilliantly. So he keeps those people in charge. Which leads to my question about the current ceo, kevin mayer. Kevin mayer is somebody who is a dealmaking expert. Hes got real prowess. When he was at disney, he was in charge of the deals involving pixar and marvel, you know, all the big names that have actually, lucas films, brought so much money to disney. The sources are telling me that he will get this deal done by september 15th, which is the trumpimposed deadline where trump says hes going to ban it, the president is very big on that, and there is belief inside bytedance that he will ban it if that deal isnt at least signed. But that it will take a lot longer to actually get a close of this deal. Is kevin mayer key to this possibility and does he does microsoft need him to stay on to keep the cool factor there . Well, one of the things you should ask, kevin joined them less than three months ago, right. So hes been there for a relatively short period of time. I agree with your perception of kevin as a strategist, a deal person. Hes a doer. What disney accomplished with his Strategic Vision is pretty impressive. With bob iger and kevin, amazing. We dont know. Kevin has never run a company of this size before, right, and he did a good job in assembling the assets at disney and putting them on the right path, but hes barely run the business for less than two years so your question is a good one. I dont know whether or not he comes along on that deal or is he just brought along, brought in to actually find a solution here. But to me, i kind of wonder if theres going to be another transition in management to maybe someone who has run these things before, come in to run them at this point. Liz michael, great to have you on. We appreciate your perspective. Michael nathanson. He agrees, its probably microsoft here. Up next, work from home picks that can keep working for your portfolio. Dow is now down 77 points. The claman countdown is coming right back. Our interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Liz closing bell ringing in about two minutes. Dow, s p, nasdaq solidly fallen into the red after s p and nasdaq hit earlier alltime highs. Lets bring in Oxygen Finance hal chief Investment Officer mark scribner. Youre looking at opportunities with trend in investing. Hard to predict what trend are you investing and how do you invest in it . There are 42 of your viewers are working from home. So think videoconferencing, online scheduling. Docusign. There is a etf called, it is wfh. It is a work from home etf that encapsulates all of those f youre not sure which concept of work from home. That might be something you want to look at. The other areas that we really like is telemedicine. It has become really popular in primary care, behavioral health. Think about bandwidth. If youre about to get the diagnosis for a rash, for example, you might want to invest in 5g. The worst thing in the world you could have happen would be an unstable Internet Connection in that case. Then the last area we really like a lot is Home Improvement. Loans are up 8 right now. There is a lot of investment in Home Improvement projects, office, and people are not spending money at moment. [closing bell rings] liz oak okay, great to have you. Mark scribner. Former docusign chairman and ceo, current u. S. Undersecretary of state for economic growth, keith krach, tells us where the Trump Administration stands on the tiktok deal. Melissa app 500 and nasdaq hitting records today but losing steam in the afternoon. The dow in the red for the third day in a row. The index is 6 away from record territory. Apple becoming the First American company to hit the two dollar mark but it is ending off the highs of the day and failing to close above the milestone. Im Melissa Francis and this is after the bell. Hey, connell. Connell hey there, melissa, im Connell Mcshane reporting live from another swing state