Transcripts For FBC The Claman Countdown 20240712 : comparem

Transcripts For FBC The Claman Countdown 20240712

Virus by moving south to floridas beaches now find themselves in the same pandemic fight nightmare, only worse. We are going inside the economics state of the covid states, from mortgage lending to savings with the ceo of the bank that has footprints in four of the nations worst hit states. And as the coronavirus outbreak hitting the Miami Marlins expands at this hour, americas top Infectious Disease expert, dr. Anthony fauci, says play ball. But he does warn if it worsens, the season could be in peril. Coming up, enter new York Governor Andrew Cuomo, who has just tossed a lifeline to Major League Baseball. What hes offering to the entire league, what the nfl can learn from mlbs errors and how gambling stocks are caught in the middle of it all. And could this be instacarts Worst Nightmare . We have an inside look for you at the smart cart thats looking to steal some of the grocery delivery giants thunder and its contact list. You got to see this. Plus, gather round the children for the latest on tiktok. Does facebook want to copy, acquire or kill the wildly popular app . Charlie breaks it on whats next for tiktok. As the greenback weakens, the blue chip picks that could keep your portfolio in the green. And we are about to show you what Virgin Galactic just unveiled thats lighting a fire under the private space race. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. Weve got our eye on entertainment stocks right now after the nominations for the 2020 emmy awards were announced. At t subsidiary hbos drama watchman scored 26 nods while amazons comedy the marvelous mrs. Maisel got 20. Netflix led all the networks, ready for this one, with a record 160 nominations. Netflix stock is down about 1 . Amazon down about 1 . At t up 1. 6 . The emmys will be hosted on disneys abc network on september 20th. We can only imagine it will absolutely not have an audience. There are shades of green in the Sherwin Williams catalog to express how much green the paint giant raked in during the latest quarter. Sherwin williams hugely benefiting as the stayathome crowd suddenly became the doityourself crowd, bingeing on redecorating. Sherwin williams stock up 1. 6 . The company handily beat Second Quarter estimates, raised its full year estimates and shw stock as it moves higher to 635. 99 a share, pushes its market cap above 56 billion. To Virgin Galactics stock. I know charles showed you some of this, but weve got more. 90 minutes ago the Space Tourism company unveiled its brand new cabin design for its suborbital space planes. The cool interior has portholes, how cute are those for space viewing, padded surfaces so you can float around comfortably, and fancy seats. 600 people signed up for the rocket ride at a quarter of a million a pop. It better be luxe. Look at that. Very space odyssey. Look at that thing. No, im not going. I dont know about you. Im a chicken. Back here on earth, we have two outdoor stocks moving in opposite directions at this hour. Positive l polaris reported earnings more than double the consensus estimate and their revenue beat as north american retail sales surged. We had the ceo on and he told us they cannot fill the orders. There is a waiting list. People want to hang out in their own backyards and their own parks that are around their homes instead of taking trips. They want to go on those atv things so they are filling orders as fast as they can. Polaris moving higher by 7. 5 but rival Harley Davidson sort of a rival, hitting the skids at this hour after an unexpected quarterly loss that the motorcycle giant blames on the covid19 lockdowns which triggered a temporary suspension of production. Harley is down 1. 7 . Now, the dollars slide to a twoyear low yesterday, we talked a lot about this, has kind of skidded to a stop at this hour but even as the dollar index bounces off the bottom, the index which measures the greenback against a basket of six major currencies, look at this over one week. It has plummet ed and look sinc its march highs, 9 . It is on track for the worst month since 2011 as the u. S. Struggles to control the pandemic. But heres the twist. A weaker dollar can be a positive for certain stocks because it helps u. S. Based Multinational Companies price their exports more competitively overseas, but where there are winners, there are always losers, right . To our floor show traders. Wolfgang tester and scott bauer. Before we even get to which stocks you see gaining and which you see losing due to the weak dollar, do you believe the greenback will resume its slide . That would be hard to say. I think there is some argument to be made it will resume further but if you see more stimulus out of europe its actually going to turn around. One thing im certain of, it isnt going to stay here. The volatility is going to continue to be up and skyrocket even further and thats what investors need to be looking at, is how are these companies actually managing that currency risk. Liz well, lets get to your picks and pans when it comes to these names. Scott, gearing up as well, im sure, but the names that benefit and the names that get hurt by the dollar. Yeah. So we as you know are about active liquidity management and therefore we help Companies Manage not only currencies but anything related to their liquidity. And as such, when you look at companies the way we look at it, you look and say what companys doing that well and therefore, can manage liquidity well. A great indicator of that is Foreign Exchange. For example, google does a great job of this. They do a great job of yurndz standi understanding their liquidity. They went through a period where they really didnt and learned from this. In the technology sfas pace we hearing people picking what stocks to buy or not to buy. I would say for example another is adobe. Adobe was basically unimpacted by currencies. In these volatile times, actually, the predictability of cash flow and liquidity and the transparency to the investors is everything. Therefore, we would stick with look at bms. Bristolmyers squibb, unimpacted. Big Health Care Company unimpacted by currency and they have been all over the place. You saw brazil going down 25 . Not impacted. Those are the companies you want to invest in. Liz all right. Before we get to your pans, i want to get to scott. Scott, as the dollar dims, one thing thats glittered even more brightly is definitely gold. The miners are hitting nineyear highs as gold hits yet another record. What do you like here . Do you like them or Something Else . Scott . I do think [ inaudible ]. Liz okay. Hold on. Hold on. We are going to try and fix scotts okay. We cant hear scott. We are going to go back to wolfgang. Wolfgang, give me your pans. Which ones do you see have not positioned themselves properly around what is a weak dollar and its weakening kind of by the minute. Yeah. No, you are absolutely right. One of the things that have been again impacted is like anheuser busch. Anheuser busch has had over half a billion dollar impact due to currencies. You have to take a look at this. Another one, this will be very controversial pick of mine, a company i have actually liked for a long time, splunk. Its trading at alltime high. They are growing really quick. Yes, they are losing money but are they really managing their currency and liquidity properly or is everybody just jumping on to the stock to keep buying the highs. I would be a bit more cautious especially at these toppish levels and be careful of getting now into a splunk. If you got in at 170, thats great. Again, investors need to understand and you can read that in the financials of what the liquidity impacts are and what the Foreign Exchange impacts are, how they are managing their cash, managing their payments, managing their supply chain and managing their currencies. The currencies is the easiest to look at. Liz well, could i just ask, both the names you dont like are moving higher right now, and splunk is up 37 year to date, up 47 year over year. How do you explain that . Well, they have a great product. They are data for everyone sort of thing. Its a great company. Cloud based companies are going through the roof. As the investors are understanding the importance and quite frankly, through these times, the value in having recurring Revenue Streams at such high levels. A company like that, if it closed everything up, it would still grow. You cant say that about a lot of manufacturing companies. So these technology firms, like google, et cetera, these subscription revenues, if you are over 90 recurring revenue, then the people, the investors are going to go wow, this is something even through the worst of times, they are growing. They have grown, they have grown very well. Thats my point. If you are in the tech sector looking, you want to jump on splunk. Maybe theres still room for microsoft to grow, for example. Liz got you. Dow jones industrials down about 78 points. Scott, we have got you back. We were talking about gold and the miners hitting a nineyear high but look at gold per troy ounce right now, you guys. Its at 1,970 a troy ounce. To me, i look at this, i have my notes, very high tech, my Chicken Scratch here. Yesterday we were at 1955. Now we are at 1970. Do you like gold here . Do you like the miners . Or do you like Something Else as we see the dollar go down, gold go up . You know, i really dont like gold here. I know that it is a popular trade, its the trade where uber drivers, the Cash Register people at your local Grocery Store ask you about gold. I think its come too far, too fast. I think we are due for probably a good 5 selloff from here and then i would reload, then i would be long it. I think going into the third quarter, going into the election, you know, we are going to move higher from here. I think 2,000 probably is a magic number here but it has come too far, too fast, in my opinion here. In terms of gold and silver, everybody is talking about silver also with the massive rise here. Well, that ratio that people watch, that was almost 120 so gold to silver, just a couple weeks ago. That has now normalized, back into the 70s range where it should be here. So in terms of people saying wow, silvers got more to go also, i think both can probably sell off, you know, the same amount simultaneously here but then i would be a buyer on any single dip. Liz okay. All right. Yeah. Missed the big one on march 23rd. There are the miners, kind of a mixed picture. Silver up 33 over just the past seven sessions. Scott, wolfgang, great to have you both. Scott, glad we were able to reconnect your audio there. Sorry about that. Dow jones industrials down 84 points with the closing bell ringing in 48 minutes. Pfizer and partner biontech are catching up to the lead, running in the race to find a covid vaccine. Just a day after moderna said its starting its late stage human trials, pfizer and biontech announced they are ready to do the same. The study will include 30,000 participants globally and if there is clinical success, the Companies Say they are on track to seek regulatory review as soon as october. Pfizer is up 4. 6 . Biontech is down 2. 2 . While a vaccine does not sort of seem far off when you hear these headlines, consumers are still worried about squeezing the charmin or walking into the Grocery Store to squeeze the charmin. We are about to show you the cart, the shopping cart thats like a robot on wheels, and you will meet the ceo behind it who is focused on making your Grocery Shopping experience as contactless as possible with their smart shopping cart. The claman countdown is coming right back. Decide if you like this thing. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Save without even leaving your house. Just keep your phone and switch to xfinity mobile. You can get it by ordering a free sim card online. Once you activate, you only have to pay for the data you need, starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. 5g is now included with all new data options. Switch and save hundreds. Xfinity mobile. Liz as the covid19 pandemic continues and consumers seek out new and safer ways to shop, for awhile there, it looked like actually walking into the Grocery Store and doing your own shopping might become a thing of the past. A new survey out shows that Online Grocery sales reached 7. 2 billion in june, but more than 45 million u. S. Households decided to do their shopping from their computer chair or cell phone, as they feared the coronavirus tentacles might somehow reach out and grip them. No Grocery Delivery Service is bigger than instacart right now. The company which links up customers with shoppers who do your shopping for you claim 57 of the u. S. Market share in the Online Grocery industry. But are you kind of starting to get annoyed, paying for somebody else to pick out your produce and then they dont understand that you want the really hard nectarines or really crispy grapes so you get items that are wrong or soft or not quite right, yet you are still afraid to go to the store on your own . Our next guest is ceo of a company that he says has the solution to this problem. Fox business exclusive, we welcome lyndon gale, cofounder and ceo of caper, the smart shopping cart. This is fascinating. Its already being tested and working in at least one canadian market. First explain to our viewers exactly how it works. Sure. So we have built a shopping cart that takes Computer Vision and directly ties into the shopping cart to directly identify items and placing these items inside the cart. One of the first versions we had launched is a version where the customers can take the bar codes, scan the bar codes and drop it into the cart. [ inaudible ] a. I. So in the future you can directly pop these items into the cart. Liz okay. So to me right away, im thinking now i dont have to put things on the Conveyor Belt by the cashier and the cashier doesnt have to touch the stuff. That in my mind is working in a very positive way because i get all panicky and then you feel like you have to wipe down everything once you get home. Tell me exactly how this works. It almost is like a robot with a. I. Built into it, is that correct . Like what are the nuts and bolts of how your cart works . Yeah, so the cart is a regular shopping cart and its fitted with sensors, three cameras and a screen thats mounted on the shopping cart. As you grab the cart and walk around the store, it will give you recommendations based on what you have inside the basket, where you are inside the store, and once youre ready, you can directly pay on the cart and once youre done, you can bag all your items and leave the store. Liz okay. Go ahead. Liz no, you go ahead. Im fascinated by this. I have a million questions. Go ahead. Yeah. We have cameras right now, we are leveraging these cameras for antitheft purposes so if you try to steal items, we can directly identify that. Down the line, you could directly toss items into the cart and we will directly leverage the camera to identify these items based on shape, color, letters and so on. Liz if im kroger or albertsons or whole foods, all im thinking of is how much do these things cost. Actually, amazon which owns whole foods is trying to develop its own smart cart so theres that. How much does it cost . Each cart . I cannot disclose that. But we have priced our carts in such a way that retailers can easily [ inaudible ] within 12 months. We have technology that can scale with retailers in mind. Liz im thinking to myself this is really a positive but postpandemic, who is going to want these, or do you think its got a very sticky Business Model where people will say im going to this store precisely because of the carts, not necessarily the produce or the food . Yeah, this is a very interesting question. We have seen this actually happen in some of the stores we have launched with where customers in nearby stores are being pulled into that particular store because they love using the cart. Postpandemic, things wont change. Anything pandemic kind of accelerated the need for a checkoutfree experience. We believe this type of behavior will stick around postpandemic. Liz okay. I can actually see that, because it seems like theres such ease of use here. Finally, tomorrow, we have the top tech ceos including jeff bezos of amazon, who will be hauled before Congress Virtually because there are questions about, you know, antitrust, monopolistic behavior, and among those behaviors, it involves where they start to see smart young startup companies, perhaps like yours, doing amazing things, and they either acquire, copy or try and kill you guys. What do you say to somebody like jeff bezos if he says im doing that, too, because amazon is putting together a smart cart of its own . Yeah, they are, but we have a differentiator. Number one, caper is exclusively only focused on the checkoutfree experience, so we are extremely productfocused and putting our heads down and moving the product forward. Postamazon dash cart use, we are seeing a huge influx of retailers who are very very interested in installing this type of technology in their store. Going forward, we have hardware acquired through years and years of experience and integration. These shopping carts bang around in your parking lots. Liz i know. I know. Lastly, you know, taking some of the Consumer Experience and consumer interest in mind, some of the carts [ inaudible ]. Especially in the midst of covid. Liz weve got to run. Were enthusiast

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