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. He