Coming up, the newest entrant in electric vehicles now paddling its way into the Public Market with its skateboard inspired suv and the spac helping to move that power. In their first joint interview, the ceo of canoe, have you heard of this, theres a waitlist, yeah. And special acquisition player Hennessy Capital acquisitions, they are here for you. Republicans getting their turn to answer back after the dncs biden harris led assault on the trump white house. We are live on the ground in North Carolina taking the pulse of voters in the 2020 swing state. Plus, who really loaded the president ial gun thats pointed at tiktok right now . The social media heavy just volleyed its own attack in the form of this lawsuit against President Trump himself. We will tell you what it says with less than an hour to the closing bell, its another wild monday so lets start the claman countdown. Liz breaking news. Double trouble bearing down even closer to the United States over the gulf of mexico. The approach of hurricane marco and Tropical Storm laura, both of those two have oil and Gas Companies racing to remove their offshore platform workers. The interior department is telling us that 58 of gulf Oil Production and 45 of natural gas output has shut down, hence you see some of the refiners there moving higher. Everyone from exxonmobil to chevron to royal dutch shell. They are actually integrated oil, they extract, refine, they do it all. They are moving higher because perhaps we start to see that some of the supply may move down. Benchmark gasoline prices rising 7 to the highest since march, as gulf coast refiners account for 45 of u. S. Oil processing capacity. We have the wholesale price, i know you are paying more, but right now the wholesale price up to 1. 37. We have crude Oil Moving Higher by just a fraction to 42. 40 a barrel. All right. With just 22 days left before President Trump says he will press the eject button on tiktok, the palace intrigue swirling around the chineseowned short form video app is ramping up. Yeah. I was just showing you this. This is the lawsuit that just dropped while President Trump was speaking this afternoon on day one of the Republican National convention. A 39page lawsuit filed by the social media app literally against the president. Its tiktok versus President Trump and the department of commerce. In a blog post entitled quote, why we are suing the administration, tiktok alleges that the president s executive order threatening to ban the favorite app among genzers was presented quote, without any evidence to justify such an extreme action and without any due process. Right now, the doj is telling blake burman they have no comment on the lawsuit but heres part two of the palace intrigue. The wall street journal reveals that facebook ceo mark zuckerberg, who arguably would be threatened by tiktoks competition, spent october in washington, d. C. Meeting with the president and members of congress, dropping hints that tiktok was dangerous. Microsoft as we have reported here on countdown still the company that will most likely buy tiktoks u. S. Assets to save it from the ban. I just spoke to wedbush analyst dan ives who tells me quote, it would make sense that oracle, which has also been mentioned, the stock is up 1 right now, would try to put its hat in the ring but microsoft, according to dan ives, has all the dynamics to be the only true bidder. That actually squares with what our sources have been telling us. To the covid catalyst. U. S. Approval for emergency use of blood plasma from patients who have recovered from covid, thats boosting shares of biotech and biopharma firms involved in covid19 convalescent plasma despite some doubts about it as a covid therapy. On the vaccine side, the Trump Administration considering fasttracking an experimental covid19 vaccine developed by astrazeneca and Oxford University for use in the u. S. Before november. Read before the november election. All right. Weve got astrazeneca up just about 2 . Separately, pfizer and biontech say their joint vaccine will be ready as early as october for regulatory approval. Look at adma biologics. These are plasma companies on your screen now. All right. So look, when you see the dow right now is up 217 points, s p and nasdaq looking at another record, covid definitely one of the catalysts on this monday but theres also the juice from apple. You have 55 minutes left to get in on the apple stock split action. After opening this morning above 500 a share and its 35 cents above 500 now, that would be the First Time Ever it opened above 500 a share, check this. Apple alone is up 70 this year. The s p for the year is up 6 . The dow is down 1. 3 . This leaves a lot of Market Participants to ask is apple carrying the whole market to records or should you fear or face and embrace their outside influence . To the floor show traders. Scott redler, you first. Does apples heft worry you not about owning apple but about the health of the market internals . Well, everyone has been talking about the market internals and how five stocks have pushed the market up to alltime highs but thats not necessarily true. They have led the market but theres been a lot of participation across the board in other tech names and some retail names, and im not so worried. If you want to be in the best acting stocks, you should be in those five stocks. We talked about apple right when they announced their split on earnings and there was lots of ways to buy it before it got a little ahead of itself maybe today at 500, at 400, 420, 440, and that juice from the split was the catalyst, okay. Then all of a sudden, boom, tesla, right, came out with a fiveforone stock split. The uptrend in tech was already intact. It just kind of juiced it and made it a little faster. Although we are not in a perfect market, there are lots of ways to make money if you want to be in the s p 500, just put monthly inflows every single month over 20, 30 years, you will do great. If you want to be in the best stocks out there, learn some technicals, know how to react when a stock announces a split like apple did or tesla did and who knows, maybe amazon might in the months ahead. Just know how the market mechanics work and you can catch big moves and im not upset that apple is up. Its one of the best companies in america. Its made a lot of investors a lot of money. Traders love it when its above the 21 day which it has been since the announcement of the split which was around 403. Liz yeah. Its now 500 even a share. You know, its got the 5g super vibing will comi cycle coming that would propel these shares in the future. Phil, five tech companies, scott just mentioned it, are making up more than a fifth of the s p 500. Apple of course in the lead. Microsoft, amazon, facebook, google following. I guess we ran out of the google logo there. Okay. As we focus on the broader market, are there tomorrows apples you would be looking at . Yeah. I think theres a lot of them. Not everybodys going to be able to recreate what apple has done, obviously, but theres some good opportunities. Look at the people that have to Service Apple or the providers, because thats going to be a big part of the market. If you look, for example, at verizon, they seem to benefit when the price goes up. One thing i want to remind people, its still cheaper to buy a share of apple than it is an iphone. I guess the average price of an iphone, 800. Over the last ten years you would have been much better off buying a share of the stock. You would do a lot better than having to replace your phone every couple of years when they get an update. So yeah, theres no doubt about it, theres a lot of good opportunities. I mean, you look at the stock split in general, and whats going to become more of a trend for these stocks because they have been highflying and they want more participation from the smaller investors. We have to give a lot of credit to the smaller investors that have come into this market. Your robinhood traders that have been taking advantage of some of these stocks who would like to get their hands on a name like that. This is going to make it a lot more doable. Its going to allow Portfolio Managers to better strategize for individual clients. I think the stock split is a sign of confidence. Liz okay. People have less than 51 minutes to go before they have got to be shareholders of record on apple if they are going to get that fourforone stock split. Good to see you both. Thank you so much. Yeah. Weve got about call it 50 minutes to go before the closing bell rings. Records abound. Dow up 220. That nasdaq gain of six points, thats a record. The s p gain at the moment, thats a record. The cruise liners on the high seas at this hour after that emergency authorization by the fda for convalescent plasma as a covid19 treatment moves higher. Carnival up 9 followed by norwegian cruise lines and Royal Caribbean in the green. While analysts are saying the 35 mortality reduction rate through the use of the Plasma Treatment may not exactly be enough to dramatically change the current travel booking trends, investors in carnival, norwegian and Royal Caribbean obviously are just saying lets buy, not sell on the news. And today, new york state has finally lifted the lockdown order on gyms and health clubs, as the nation in whole moves to reopen on a larger scale. What will this mean for stocks favored by what phil just called the robinhood crowd . Our allstar millenial Investor Panel weighing in with their hot or not stocks. Oh, yeah, lets throw in bitcoin, too. We will ask them both when the claman countdown comes right back. 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 but what if you could stdo better than that . K. Im burning away like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Liz for those looking to get their sweat on in new york state today, its the day finally gyms got the green light to reopen their doors, albeit at 33 capacity. Now, i just want to be clear on something. New york city still has to wait until september before it can open its fitness facilities but peloton, the goto fitness craze during the pandemic, is under pressure at this hour, slipping 3. 7 right now. Peloton and many other millenial stocks have really had their moment in the sun during the pandemic but how long will the tan last . Bona fide Wealth Management douglas bonaparte and Thomas Grizzle helps investors with these stocks. Millenials have proven to be very much a force in the pandemic. How do you view this pullback in peloton . Sure. You have gyms opening up and we are coming out of whats been a long summer with covid but despite that pullback, who would have thought a Global Pandemic would have been the thing to create such a surge in peloton. I have been a big fan, i have been pretty much on top of this since ipo. My greatest concern was recession and consumers tightening spending on luxury goods but sure enough, here we go. We have dominance in the fitness area. We are seeing that its gobbling up the fitness market. It takes two months now so i think the paradigm has shifted. People are in love with home fitness from here on out. Liz yeah, i have mine rigged up to an alarm system because i know somebodys going the try and come in here and yank it out of me because i love me some cody rigby. Hes my favorite. That was my birthday present. Thank goodness my husband has the foresight to do this three years ago. Thats all i have to say. I would not want to be on a waitlist. But okay. Thomas, you also look at millenial stocks but more about beware the hype. Where do you see peloton right now . Well, you know what, when we were coming, prepandemic we thought the stock was overvalued. Theres gyms, you can go ride a bike but you know, if it takes a once in a lifetime pandemic to change course, thats whats happened. I got to say, its made a lot of people that were probably on the sidelines believers so its a good thing for peloton. No doubt. Liz well, yeah. Call it like you see it and dont fight the tape. But to that end, thomas, what go ahead. Go ahead. Definitely dont fight the tape and you know, the reality is if you had the foresight of getting a peloton or having a deck made in your house, you are on top of things. Congratulations on that. Liz something tells me douglas did so well with peloton hes got both. All right. Lets go, douglas, to the lightning round. I want to get some ideas on some of sort of the outrageously hot stocks during that time. Beyond meat. We havent talked about this one lately, but it does tend to be a favorite among millenials. Where do you see beyond meat right now . George here is the one absolutely loves beyond but i have been somewhat bearish on this. Its shown great year to date earnings i think in the 60s. I still think its a fad. I think its a trend. Im not very long beyond meat. I think its had its best burst last year. It continues on for a little bit but if theres any guy i know that loves this stock, its the other guy here today. Liz yeah. Thats thomas. Are you still hot on beyond . We are structurally bullish on beyond. You know, we obviously just trade it in the near term and you know, we had a phenomenal run there but i still think this is a stock you hold over the five, ten year period. There is no plantbased Protein Company that comes close in terms of operation, sales growth, this is a Management Team thats beat analyst expectations top, bottom line, ever since ipo. Juggernaut. Liz doug, i know you like zoom, lululemon and also spotify. Is there a Common Thread among all of these . Then i want georges opinion on those. Yeah. I think all of these stocks represent the way we are going to be living our lives postpandemic. I think the work from home, this is happening. This is real. There is no reason to be s krshc schlepping to and from an office. You will be listening to your music through spotify. You will be doing meetings through zoom. You will be wearing the best athleisure through lululemon. All these will continue on postpandemic as life has changed. Keep an eye out. Theres a reason they are up so big this year. Liz yeah. Although lulu is prets ty rich when it comes to the prices. What do you think, thomas . Are you warning investors away from any of these names . We like lulu. I think the glam yoga casual is a staple now, right. Its a thing, right. Also, if you cant beat them, join them. We like lulu. They have mirror fitness, which is the competitor to peloton. I think theres great synergy there as well. Thats an interesting play. Liz you like boston beer, you like i believe pinterest which i have never really understood that. Okay. Throw some pictures up on a pinboard. Okay. Who am i. Who am i to judge. Let me jump in here, because bitcoin has made a nice play, its brushing up against 12,000 a coin. What do you think, douglas . I have been Holding Bitcoin since 2014, selfishly. I like bitcoin. I think we are very far ahead of this becoming just, you know, a utility for people to use. Im looking for it to be digital gold store of value, bullish bitcoin. Lets get this thing going. Again, holding a long time here. Very happy with it. Expect volatility, its probably going to be a wild ride for many years to come. Liz okay. Lastly, i want thomass opinion on the millenial stock. Its been the hottest trade when it comes to robinhood, the app which is sort of the favorite of millenials and that is tesla. Tesla touched 2100 earlier today. I believe it opened a little bit above that. Then it retreated. Are you interpreting anything from that, thomas . Yeah, you know, so we think this is a stock that definitely is in frothy territory. Were not shorting anything outright here. All we are seeing is investors got to be careful here. When stock splits are viewed as catalysts, you know you are in bubble territory here. Im not going to tell you when the music will stop but the reality is you want to position yourself to take profits if you can and i believe theres a plethora of other ev names that are going to start to theres going to be other alternatives to tesla. There already are. Its going to get more crowded. I think there will be unique electric vehicle plays that also present themselves. I dont think this whole idea of, you know, its the only stock in town on the electric vehicle side. Aint the case. Liz all right. We started with douglas, we end with thomas. Great to have you both. Thank you so very much for that energetic lightning round as we call it for the hot millenial stocks during the lockdown. Okay. Dow is now gaining, up 238 points. How many minutes left to trade . 37 and a half. All right. The bestselling pickup in the u. S. , 900,000 sold last year, is getting a makeover. Ford rallying, up 4. 5 as it moves ahead with preps for its new f150 thats set to go on sale in 2021. The auto giant will shut a factory in michigan next month to install new machinery used to build the new pickup and it will construct a brand new facility in deerborn where ford will build the allelectric f150. Cant wait to see that. As the Republican National convention gets set to kick off this evening, President Trump secures enough votes to solidify the partys nomination. What will the swing state of North Carolina really hold for him come november . Connell mcshane on the ground in charlotte. Hes got an early idea of what it will hold. Hes next live. Dont go away. 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. 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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. Liz breaking news. A judge moments ago has declared floridas order to reopen schools unconstitutional and is granting a temporary injunction sought by teachers in the state to block the rule requiring all schools to reopen. Florida had reopened schools in the midst of major spike in the coronavirus across the state. So we want you to look, every time you hear a backtoschool story, at some of these stocks that are on the screen right now. Aramark, for example, they are a School Lunches company, up 6. 25 . Newell brands up 1. 5 . Target with the outfitting of kids down about half a percent. To the Republican National convention, now officially under way as the party today nominated President Trump for reelection. Not that there was any doubt about that, but its an official moment. Tonights speakers including South Carolina senator tim scott, former ambassador nikki haley, house whip Steve Scalise and the president s son don jr. The president is expected to speak every night. Hes already held rallies today in north and South Carolina. He will actually include a stop in charlotte which is where Connell Mcshane is right now. Connell, this is going to become a battleground state or swing state, so to speak. Can you give us an idea of how its tilting . Connell its hard to tell, it really is. I spent some time talking to voters here. There is still plenty of support for the president in a state he won four years ago, and he did speak at the Convention Center here in charlotte earlier today for about an hour, as he accepted his renomination for president running for reelection, and as part of that speech, the president was highly critical of some democratic governors, including roy cooper of this state, for keeping the country in his estimation closed for too long, as we recover from coronavirus. Want to make our numbers look as bad as possible for the economy but our numbers are looking so good and frankly, i used to say [ inaudible ] and some would say not, maybe so. We have a super v. Connell as the president wrapped those remarks he did to your earlier point remain in the state making Campaign Stops across North Carolina, something we have been doing as well trying to get out and speak to the voters. We were in nearby belmont speaking to people there, some of whom were reluctant to talk about who they plan to vote for. People are afraid fto say i a trumpster or for joe biden. I think theres bad and good on both sides. I think they are just afraid to say. They just dont want anybody to say shame on you, you know, they dont want to be criticized for either side. Connell such a divided time, of course, to that womans point. However, in speaking to other voters around the state, especially when you get outside the city limits of charlotte, the president still has plenty of support in the state he won four years ago. Most of the experts would agree that if he wants to serve four more years he really needs to win here in North Carolina once again. Back to you. Liz a lot of states are in play right now and thats certainly one of them to watch. Thank you for watching it for you on the ground. Connell mcshane. Closing bell, we are about 30 minutes away from hearing it go. Again, the dow is still gaining, 275 points. High of the session, 304. S p is now up 24. Its high is up 29, heading back to that possibly. The nasdaq better by 36, high of the session for the nasdaq a gain of 150. Autonomous car startup Luminar Technology is backed by peter thiel, its just the latest car company to announce its going public. They are merging with blank check or socalled spac company gores metropolis in a 3. 4 billion deal and will trade on the nasdaq under lazr when the deal eventually closes. Also on the docket to go public via a spac merger, electric vehicle membership only canoe. How does it differ from the several others that have announced their plans to go public . A first on fox business with the two ceos at the helm of the venture when the claman countdown returns. There is a waitlist for these canoes. Im hector. Im a delivery Operations Manager in san diego, california. We were one of the first stations to pilot a fleet of electric vehicles. Were striving to deliver a package with zero emissions into the air. I feel really proud of the impact that has on the environment. We have two daughters and i want to do everything i can to protect the environment so hopefully they can have a great future. Liz if a skateboard, its a living room, no, its a canoo with two os. Canoo is joining forces with Hennessy Capital acquisition, this is called a spac which is a Blank Check Company which takes money and helps other companies go public, and the two are syncing up to build an electric vehicle they call a loft on wheels. Its got a skateboard platform of sorts. It hopes to smoothly sail into an ipo by the end of the year but canoo is really just the latest in a long list of electric vehicles going public through these blank check or back door deals. Theres nikola who did a reverse merger in march, shell spac company tortoise, diamond peak and fisker. Joining me in a first on fox business interview, the two ceos leading the charge, their first interview together here. Hennessy Capital Acquisition ceo dan hennessy and canoo cofounder and ceo. I will begin with you. What makes canoo different . You cant buy it, you cant lease it, so what is it . Thank you for having us. First of all, im sitting in one of our vehicles, as you can see. Its a very relaxing atmosphere. We have really, as you said, room on wheels and we are going to offer our product on a full spectrum model. What that means, we are offering a new way of our consumers, our customers, to really experience a new shopping of vehicles so we dont ask them for any down payment, we dont ask them for a longterm contract. They can sign up with canoo. We do everything behind the scenes. We do the dmv, the licensing, we are offering full maintenance. They just apply to us and we are taking care of all the rest. The other thing is, it will be also very interesting as a subscription model for investors because it provides longterm revenue as well. Liz tell me, dan, who this is for. Who are you aiming for . You are providing the money with your spac. Youve got to tell me why you have such hopes for the canoo. Sure. Thank you, liz. So we are really excited about canoo, one because it fits our Investment Strategy of Sustainable Industrial Technology and infrastructure. Two, weve got a world class Management Team here led by ulrich who have delivered on every single milestone they have set out to deliver, and especially this proprietary skateboard platform, which will form the basis of our b to c strategy which is the Lifestyle Vehicle that he was sitting in, and the b to b strategy, our final Mile Delivery van. It greatly magnifies our total addressable market. Toes are all t those are all the reasons we are excited about bringing it public later this year. Liz and show us some of the details of this, if you can. I dont know how much you can move inside your loft on wheels. Its kind of funky. Who is your dream customer here . You know, actually, we are looking for the Young Professionals and especially people that are living in the urban environment in the big cities, and what they really like is to have a flexible interior, a roomy vehicle but sitting on a relatively small footprint because this makes it much easier to maneuver around the city in the urban environment. What we are offering here is actually a room on wheels. So we have an interior base that is as big as in a large suv but it sits on a compact car footprint. So this really allows people to really transfer from their large suvs into our canoo without any sacrifice. So the other thing is what you see here around me. This is a pretty relaxing atmosphere. You can kick up your legs and you can sit really relaxed. We talk about furniture in the vehicle and not about additional car seats although all the safety requirements are integrated in our vehicle. You see we have seat belts here, we have airbags in the vehicle so theres no sacrifice on safety. It is just a new way how to be transported in a vehicle and you can even imagine in the future when it comes more to autonomous driving, this vehicle can look the same in the front as in the rear because theres no Steering Wheel anymore and this will really then be a loft on wheels. Liz well, can i ask you, then, what is the top speed . Double question here. Top speed and i need to know the exact cost of what it would take to actually just be there as a subscriber. Yeah. We have not disclosed the subscription monthly fee but since this car is relatively priced in the midsegment so it will be really attractive. Thats as far as i can say, the monthly fee and the other thing is, it will be an offer for a bigger audience so we liz let me [ speaking simultaneously ] liz got you. Dan, the spac model, you guys went public, you raised more than 350 million, you in addition have about 300 million. Where else do you plan to put that money . So thank you. What we are going to do is this. The total 600 million of capital that well be delivering into the company when we close will do two things. One, it will allow us to achieve start of production on our Lifestyle Vehicle so we will be in production. And two, we can pull forward the development of the final Mile Delivery vehicle. So that will follow immediately. Again, it will be a b to b offeri offering. Liz really quickly, dan, how many people are on the waitlist right now . I understand the waitlist is open. I was looking at it earlier. It is open. You want to join it. Its called the first wave. Over 10,000 preorders already for the new Lifestyle Vehicle, including me. Im on it. Liz we will be watching it. You look relaxed there. Just kicking back. Thank you. Liz great to have you both. Thank you so much. The name is canoo. Canoo. It expects to go public, yeah, by the end of the year. See you guys later. Thank you. Please come back on ipo day. Promise . We want to have you there. Closing bell ringing in 18 minutes. Dow now up 305 points and climbing. Movie theaters, we told you last week, right here, they were back in business over the weekend but the major changes due to the pandemic plus limited capacity in the theaters, got to ask just how successful was opening weekend. We have crunched the box office numbers. We will give them to you next. Tada did you know Liberty Mutual customizes your Car Insurance so you only pay for what you need . I should get a quote. Do it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. So youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. 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 the wildfires in california. Clusters of them are still raging in Northern California at this hour as more than one million acres have burned. Thats more than five times the size of new york city. We need to tell you that the weather thankfully has stopped its barrage of lightning strikes which sparked the initial fires so if theres any good news, its that the National Weather service has canceled its red flag warning of increased danger for the bay area specifically. However, more than ten Million People are still under red flag warnings in overall Northern California territories. That means warm temperatures, low humidity and strong winds do have the chance of producing an increased risk of fire danger. As of now, there are more than 14,000 firefighters fighting the major blazes that have killed seven people so far, injured dozens and forced more than 100,000 to evacuate. Its not just covid19 shutting down schools. Uc santa cruz was evacuated late last week but it does now appear the university thankfully, i went there, for one year, is in no imminent danger at this time. It is one of the most beautiful campuses so thankfully for those firefighters, they have stopped the flames. Students were told at the time they should prepare to refrain from returning to the campus for at least two weeks. We will keep you posted but hang in there. Investors putting some action back into the Amc Entertainment game as about 100 of its locations reopened this weekend. We caught our first glimpse into blockbuster movie going during covid but did movie goers return in the numbers that amc hoped . The stocks up 2. 7 right now but lets go to Ashley Webster in the fox business newsroom on how amc did fare this weekend. Ashley . Ashley yeah. Im amazed you went to uc santa cruz. Thats something i didnt know about you. Liz one year. Ashley anyway, this weekend, was Russell Crowe, cheaper popcorn and new Safety Measures enough of an incentive to get you to go to the Movie Theater. Well, tell you what, the movie unhinged did debut this weekend in north america. Its the Russell Crowe psychological thriller. It earned just over 4 million in about 1500 theaters in north america. It is, by the way, the very first major movie released for the big screen since the pandemic began. So little steps, amc opened more than 100 locations back on august 20th, last week, with 15 cent tickets on that day trying to get people excited. That was the price back in 1920, 100 years ago. Now, Christopher Nolans scifi thriller tenet opens august 26th, wednesday, but not in the u. S. Overseas, in 70 countries. More Movie Theaters are open abroad and that movie, by the way, will debut in the u. S. On september 3rd. Amc hopes to have twothirds of its more than 600 locations open in time for tenet. It is the largest Movie Theater chain in the u. S. And the world, amc, so its critical that the cashstrapped chains like amc which have more locations than any other, find a way to open domestic locations as soon as possible. By the way, the stock amc down 26 year to date. Thats not bad, when you look at regal down 75 and cinemark down 61 . So its all about generating confidence, liz. People feeling safe to go back to the Movie Theater, enjoying movies on the big screen. I think its going to be a slow process. Liz yeah. You know, amc was 1. 95 per share at the velolow, so to see at five and change, people will take it. Im dying to see tenet. Arent you . Ashley yes, yes, i am. Liz yeah. Lets go together. We will get the whole team together. Ashley of course. Liz all right. Okay. Good. I like extra butter. My viewers know that. Like drowning in it. Closing bell, folks, we are nine minutes away. See that . That is session highs for the dow, a gain of 331 points. On the s p and nasdaq, new session highs right now, as well. Our countdown closer says the markets may be due for a demolition. He has three sectors he says will remain standing. The claman countdown will be right back. He will name those three sectors. Dont go away. At u. S. Money reserve. 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Its smarter Trading Technology for smarter trading decisions. Fidelity. Liz closing bell, five minutes away. Talk about a happy monday for the bulls . S p is about to notch backtoback record closes. Nasdaq shooting towards its third record close. Look at the dow, green glory. Up 1 to the highest point since february 24th. Were at the ohioest session for the dow and s p. We need to show you express buy. Foot massages at the airport . They were putting together covid testing sites at airports. Guess what . They have just shattered the under 15 minute results for their testing locations at the airports. The stock is jumping dramatically this hour. Up 12 . It is even though 3. 06 stock, they have done extraordinary well. They will open areas at jfk and Newark Liberty airport. Can you believe it . Under 15 minutes. That is when you get the results. They have upon from 48 hours, under 15 minutes. Good for xpress spa. We i will join us live to give us all the breaking news. The bulls running strong as we mentioned with the s p and nasdaq looking to close in minutes on the new records, todays countdown closer, the whole market is actually vulnerable to demolition and destruction. He has sectors you need to keep your portfolio in so that you dont crumble down. We welcome in hayes asset management, phil hayes. Great to see you. What are the sectors . Why do you see demolition coming versus just a 10 correction . Right. Investors, stock Market Investors love certainty and visibility and we have neither right now. This market is propelled by two things, positive momentum and the fed. Positive momentum is great but tends to be followed by gains but it ends. Once we arrive at at point sometime in the near future, people will realize earnings are not there to support stock market prices. Really the whole market is vulnerable at that point. Liz so you see some vulnerability here, that tells you stay with financials, stay with health care. I get that. Then, tech, but specifically are you looking at the subsector of internet broadband . I would be looking to anything that is going to continue to dominate during a covid environment. So look for things that have done well and arent so vulnerable to getting crushed like things like amazon and predictable and predictable names like that. But we think everything is going to fall. Technology helped here. You know, and are some of the least vulnerable to fall. Liz what do you think . Do you foresee a trigger . Do you foresee some type of a spark plug catalyst that will pause the socalled demolition or pullback . Or will it be somewhat gradual . I think it will be a market that gets exhausted. Were coming now into a season, unfavorable time for investing. September and october tend to be the worst months for investing. I think that could play a role. The election could play a role in a downturn. If you look over the last couple weeks, were seeing increases in the market outout. Liz we got 10 seconds here. Is it that biden would be bad for the market that kind of thing because weve heard that narrative . Well i think taxes could threaten the market, yes. Liz okay. Phil toews any relation to the jonathan from the Chicago Blackhawks . [inaudible] [closing bell rings] liz a great name with a billion dollars under management. A big win for the s p and the nasdaq. The dow closes up 363 points. That will do it for the claman countdown. Melissa kicking off the week with fresh records on wall street. The s p 500 and the nasdaq soaring to new alltime highs on vaccine hopes. It is the second consecutive record close for the s p. The third for the nasdaq. Check out apple. The tech giant, here we go, closing over 500 for the First Time Ever. Apple closing at a record high for the fifth straight day. What a way to start the week. Im Melissa Francis and this is after the bell. Connell im Connell Mcshane reporting live today from charlotte, North Carolina. 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