Earlier like they were headed to brand new record highs. Not so now. We do have the Dow Jones Industrials down 143 points. Ciscos poor earnings is pushing that index down. S p down 11. Nasdaq just higher by 19 points. Not the same at all for apple. Apple hitting yet another new high as it closes in on the 2 trillion market cap. News breaking of its new plan for subscribers to bundle the apple joy so which Companies Might want to dive for cover . We are taking a deep dive into the apple barrel, online contactless auto sales winning the race during the pandemic. Why are investors hitting the sell button on the hottest used car deals in cyberspace . We will ask the vroom ceo because hes here. And musicians still resorting to zoom with no live concerts and broadway still closed. But that does not pay the bills. Enter the chairman and ceo of the Recording Academy. The man behind the grammys. What hes doing now to help artists with their strings cut by the pandemic. Its a fox business exclusive. Why the hot markets, as i said, may have congress slowwalking the next relief package. And 15 cents for a movie ticket said no one, ever, until amc. What the theater chain is about to offer you. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. 2020 president ial candidate joe biden calling on the nations governors to mandate mask wearing. He just made the comments in wilmington, delaware moments ago, after being briefed on the coronavirus numbers. He is campaigning for a second day with new running mate kamala harris. Earlier, biden called todays historic peace deal between israel and the United Arab Emirates quote, a historic step to bring the deep divides of the middle east together perhaps just a bit more. We shall see. Israeli Prime MinisterBenjamin Netanyahu called the deal quote, full, formal peace. Now, as part of the plan, israel is halting the stock is hitting an alltime high and closing in on the coveted 2 trillion market value. Right now, its market cap and the stock stands up about 1. 5 for the stock. Its at 458. 49. If it can close above 467 it will grab the 2 trillion brass ring and make history. The stock soaring on the news today that the tech titan is prepping to launch a new sales pitch to consumers. Apple 1 will be rolled out to customers as early as this october. Tim cook is possibly the one who will make this announcement by october. A bundle deal of apples popular Digital Services all for one reduced price. It is set to include apple music, tv plus, news plus, arcade, icloud storage and a pelotonlike virtual workout service. As investors applaud the potential, there are legions of companies feeling a little vulnerable. To susan li in the newsroom. Susan, which companies, which stocks should be threatened by this potential apple bundle . Susan i would imagine peloton, nike and amazon should be paying a lot of attention right now. Yeah, the subscription bundle alongside its new 5g iphones this october according to bloomberg as you just mentioned, apple 1 so a number of different tiers will be available, the basic combo of apple music and apple tv plus, then you can move up to more expensive bundles that will add in, say, the apple arcade which is for gaming, apple news plus and then extra icloud storage on top of that. The higher end bundles will reportedly include a brand new fitness Subscription Service from apple and this will offer virtual classes and workouts accessible via ios app on the phone or on apple tv which is very similar to services that are being offered from nike and peloton on your bike. Now, the bundles will be marketed towards families and that works with apple family sharing systems which means each service can be accessed by up to six people in that family. As you expect with subscription bundles, buying them will be cheaper than say buying them individually so uber says that for example, if a family subscribes to all of apples Major Services plus the highest icloud storage tier, that would cost around 45 a month. A new bundle can knock more than 5 off of that so you would be paying 40 instead. Will this compete with the pelotons and nikes of the world . Some say yes. Also googles gaming streaming site and amazon prime, of course, which does a whole lot of bundling on its own. Apple services is a big, big component of apples revenue, more than doubling since 2015, way ahead of schedule and closing in on 20 billion and apple very close to breaking through 2 trillion as you mentioned on the back of this news. We are nine bucks away from that. By the way, apple is one of the reasons which has been driving up the s p 500 up to these record levels or near record levels because apple is probably the most single influential stock on this benchmark going back to 1980, in 40 years. Liz susan, let me tie this all in. We just got this breaking news. Epic games, this is the name behind fortnite, huge, it is now apparently just disappeared from apples app store because, well, i dont know if its because but after implementing direct payments, this according to a report on twitter here. Epic games fortnite no longer is appearing in the app store after implementing direct payments. This speaks to that whole issue where basecamp, remember they got into this big todo because they feel they should not have to pay the 30 for the revenue that they get when it comes to appearing on the App Store App so im just really fascinated to see what might be happening and you know, im looking at tencent stock right now. If we can punch that up, its down about 4. 33 but it was down earlier because as you know, tencent of course is the parent of wechat and the president has taken aim on that one, saying he wants to ban wechat because it is chinese owned. What do you make of this, with the fortnite news, now it disappears. Does that put apple in the hot seat for wielding its power once again as what congress talked about . Susan well, we know that fortnite and epic games has been looking to do this. This is a report that was anticipated because they are looking to exit the Apple App Store and also, googles play store as well. Fortnite is the biggest video game on the planet right now. They bring in more than 1 billion worth. Now, are they going to go direct, some have suggested they will. So this is all a huge surprise, not really, but i did enjoy that interview you had with basecamp just a few weeks ago. I think his point was that why should basecamp and hay have to pay 30 of their revenues to apple when somebody like facebook doesnt have to. That was the takeaway i got from your interview with them just two weeks ago. Liz well, yeah. You are Holding People to different standards here, different companies. We are watching it very closely. All right. So for all of you fortnite lovers, it has poof, its disappeared from the Apple App Store right now. We will check on that and more. We do have covid lockdowns making comfort food hot again. With the closing bell ringing in about 50 minutes and the dow down 146, comfort food favorite Johnny Rockets so hot that fat brands wanted a big bite. The name behind fat burger acquiring 50s style diner Johnny Rockets for 25 million, expanding fat brands total number of locations to more than 700 globally. Whoa. It is not often you see a stock jump 116 right now but the belt buckle is popping off shares on the news, fat now stands at 7. 56. Thats a huge jump. Others in the restaurant industry, though, still pleading for help as stimulus talks continue to stall. In fact, some are calling it a stalemate. Could the skyrocketing markets nasdaq and s p have congress slowwalking the next phase of federal relief . There doesnt seem to be any emergency here, folks. When the markets look so good. How should you play the divide between wall street, main street and the government . Our floor show traders have that next. Its easy to get lost in the economic uncertainty. The volatility. The ambiguity. The moment calls for more. And Northern Trust delivers more. With specialized expertise. Proven strategies rooted in data and analytics. And insights borne from over 130 years of successfully navigating economic turbulence. Giving you clarity. Inspiring confidence. And helping you uncover new paths forward. Northern trust. Wealth management. I appreciate what makes each person unique. Thats why i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. But what if you could stdo better than that . K. 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 the First Time Since the pandemic hit 21 weeks ago, weekly jobless claims came in below one million. Folks, this is a number you want to see come down. Now, even though 30 million americans are still on the unemployment rolls, on this 100th trading day since the march 23rd lows, the nasdaq and s p, while down right now, Still Closing in on alltime highs. This is the s ps best 100 days of trading since august of 1933 and nasdaqs best 100 days since march of 2000. But how is this positivity coloring washingtons timeline on a rush job to pass additional stimulus . To our floor show traders. Scott redler and phil flynn. You know, phil, does the market need to see a selloff for a relief package to be fasttracked, i guess . I think it would definitely help. If we got a little scare in the market, politicians would start blaming each other but they would realize that both of them would probably be at risk because listen, both sides have dug in their heels and are not moving along. Having said that, you look at the economic data, todays jobs recovery, and it shows you two things. Number one, that the economy is recovering a lot faster than probably anybody had predicted, but number two, to keep that momentum going, it appears that the stimulus that we put into place before was a big help to get us to this point. So i do think President Trumps executive order may get us over the hump and buy us some time, but i think everybody in the world, the federal reserve, the president , the democrats and republicans, all realize that this needs more help. Its not over yet. You got to keep on moving forward and you know, they have to put politics aside, start thinking of the American People. Liz well, the question, though, is, scott, should investors be somehow waiting on this or its not going to be perhaps like the t. A. R. P. Reaction where we saw the markets just spasm. I was on the floor of the New York Stock Exchange that day back in 2008 when it didnt pass and people were just panicking. The markets were imploding. It doesnt feel like thats the situation that is so desperate at the moment. How do you play that as an investor . I was there also. That was a very complicated time. Those who actually traded through that time period, if you had asked all the experienced traders out there, you know, 90 days ago, 100 days, think about 100 days ago it hit the bottom, i would say about 20 days after that, [ inaudible ] anymore. So the most experienced influential traders out there have trouble believing in this rally since 2050 on the s p. The ones that keep putting in their money every month and have a longterm plan, they got a nice average cost on that dip, same Way Investors have done over time. So every week active traders like myself are looking, pretty much focused on what is the market looking at. Right now we are near alltime highs. It does feel like we need another push, another catalyst. Hopefully in september for the American People and for main street, we get a stimulus package for them because they didnt get asked to be put out of work. They didnt decide to close down their doors. They were forced to. Liz of course not. They need help. At this point i feel like the technicals are still leading the way, not the news flow. As long as the s p continues to go higher, traders will be involved week by week, every time we get a selling bout like we did in tech, boom, tech comes back. Right now the market still feels healthy until it doesnt. Liz yeah. Well, to keep it going, as Eric Rosengren said of the boston fed, theres more thats needed for all of these people that are unemployed. Great to have you both. Dow jones industrials down 103. Look at the nasdaq, still up about 30 points. We are seeing a gain there, thats not a record for the nas just yet but we are watching it. Bank of america, a believer. With the closing bell ringing in 41 minutes, b of a reiterating its buy rating on Umbrella Academy streamer netflix after july checks on churn rate and trial interest came up sunny. No umbrella needed. Despite the rotation lately out of techs high flyers, netflix is moving higher by 1. 5 right now. Streaming of course, we have been telling you guys this, a pandemic winner. But a lockdown on Live Entertainment has brought the Recording Industry to a screeching halt. The Recording Academy, the Organization Behind the grammys, now bringing its fight for the people behind musics biggest hits to capitol hill. The man leading the charge, the Recording Association ceo harvey mason, joins us next in a countdown exclusive. Wait until you hear how hes advocating for musicians. 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. Liz ticketing and live Concert Promotion giant live nation down 28 year to date. Kind of like a record needle scratching the vinyl. The coronavirus pandemic has brought Live Entertainment in the summer Music Festival season to a halt. Madison square garden entertainment which owns live venues, radio city, the beacon and chicago theaters, the Fabulous Forum in los angeles also struggling, down 15 since its recent high june 5th. Sadly, you guys, this doesnt even begin to tell the story of who is perhaps hurt the most, whether its Concert Orchestra musicians or broadway musicians in the pit or musicians playing for global audiences in stadiums worldwide, many music makers are suffering. Did you know the Median Income for musicians is just 25,000 . But there may be help. Joining me in a fox business exclusive, Recording Academy chair interim ceo and president , harvey mason junior. This is the Organization Behind the grammys. Harvey, you took over in january. This was like baptism by fire, all you have had to deal with. What is the status right now with the musicians that you protect, that you advocate for . How often are you hearing from them and how often are they applying for help to you, like per day . Well, first, thank you for having me. Thank you for shining a light on some of the issues were having here. Im hearing from them every day. We have never faced anything like this and of course, as you say, i have been here six or seven months. Could have never predicted we would be in this position. Weve had a lot of things to work through but i have been very fortunate we have done some great work, we have been able to help our constituents and our members out. Amazing team at the academy. I would love to talk a little more about some of the things were doing. Liz well, yeah. Lets talk about that. But more importantly, what you have already done. We will get to what you are about to do. You guys kicked into gear when covid hit and you began advocating for the bread and butter musicians, the ones who are in the recording pits or ive got two siblings who make their living, one is a studio musician and one is a musician who is also a teacher so i really understand how rough it is actually. You went and started to advocate for musicians when you heard about the cares act. What were you able to glean for your rank and file people . Well, we were able to give consideration around some of the stimulus and relief packages that were happening, specifically the cares act. Right now we are continuing to do some of those activations. We are really concerned right now with three things. The academy and our membership are working really hard to get some of these things done. First, getting musicians back into the studios and you know this because you have relatives in this space. So thats the hits act. We are lobbying hard to make sure that happens. Second is to help independent venues survive and get a chance to reopen. Thats the restart act. Then third, we are trying to ensure that music people are always considered in all the relief or stimulus packages, specifically right now the [ inaudible ] package. Those are some of the things we are doing to advocate for our members. Liz well, you guys were able to get some real attention for selfemployed musicians in the cares act. They were able to apply for Unemployment Benefits and i believe that those were extended Unemployment Benefits. They also got to apply for ppp as well. So that, im sure, gives them a bit of a lifeline but i was