Men arguing before congress that the country needs more stimulus money to battle the coronavirus. Wait until you hear who and which industries fed chair Jerome Powell and treasury secretary Steven Mnuchin say need it the most. We will have a live report from d. C. We are 90 minutes away from teslas ceo elon musks big reveal. It comes at his shareholder and battery day event. We have a bull bear debate ready on musks latest brainchild and his argument for the death of the internal combustion engine. Plus the one thing ceos never want to hear. Nelson peltz is on the line, the famed activist investor formerly taking aim at comcast, he thinks the Parent Company of nbc, peacock and universal, is undervalued. We are bringing in former ceo of at t broadband. The cable industry legend weighs in on that, whether sports on cable is dying and his latest spac investment. He was early on the spac train. Is it a National Security threat or just business . The confusion now swirling like a tornado over tiktok. Charlies in the eye of the storm with the latest. Less than an hour to the closing bell, lets start the claman countdown. Liz we have a fox business alert. Amazons stock is spinning higher. Amazon pedaling right into the stationary bike wars after it unveiled its exclusive exercise bike in collaboration with echelon. Take a look. There it is. Last i checked, that looks very similar with the red dial there to something called peloton. Look, weve got amazon up 4. 7 right now as it unveils this new xprime smart connect bike. Heres the price. Wow. 499. Really inexpensive here. The news sending subscriber based exercise giant peloton lower, even as it unveiled a lower priced bike that is actually in the four figures. Peloton interactive down 1. 25 . The new age of the connected bike wreaking havoc on brick and mortar gyms. Shares of the owner of new yorks sports clubs nosediving after the nasdaq sent it the dreaded letter, informing the company that it will be delisted. Town Sports International had filed for bankruptcy as covid19 restrictions forced it to shutter all its gyms. We have the stock now at just 24 pennies, down 20 or 6 cents. Later on, we will take you live to a gym chains efforts to stay alive and kicking. From working out to gaming, gamestop surging at this hour after the video game retailers biggest individual investor ryan cohen raised his stake from 9. 6 to nearly 10 as he seeks to be more involved in the companys operations. Read activist investor. This time, it is not hurting gamestop. Its up 22 right now to 10. 69. All right. Getting off the couch gaming, lets hit the road. Carvana shares flying after the used carion li online seller pr an upbeat and a change from buy to neutral. Huge demand for used cars, its booming. Carvana is booming, up 33 . We have vroom better by 15 . Need to take you to capitol hill and the debate over additional coronavirus stimulus. Federal reserve chair Jerome Powell and treasury secretary Steven Mnuchin testifying before the House Financial Services just hours ago. Now, mr. Powell reiterated the need for more fiscal stimulus. He says the 11 million americans who are unemployed do not have the money to spend and find it difficult to remain in their homes. But yesterday, st. Louis fed president , james bullard, disagreed with the big boss powell in a broadcast interview saying quote, it seems like at least in some broad Macro Economic type of calculation, we have enough resources to cover this. Later saying the need for a new fiscal stimulus package is not the same as it was just one or two months ago. Lets get to edward lawrence. You were clinging to every single bit of what was happening on capitol hill, which ended just at 12 30 p. M. Eastern. We have contrasting viewpoints here but lets also talk about the fireworks that came and where these guys stand on who needs the bailout first. Reporter very interesting debate and the markets were watching closely, what both of them had to say. Treasury secretary Steven Mnuchin specifically saying hotels, airlines and restaurants is where he would like that next round of targeted stimulus. For the Federal Reserve chairman, democrats wanted him to defend why the 13 facilities that were created and how thats helping, some of them like the Municipal Liquidity facility has only issued two loans. The fed chairman says what it did do was open up the private markets for city and states, to the tune of 250 billion in lending so far. The treasury secretary, Steven Mnuchin, democrats questioned him on whether everyone is really feeling this economic boom. Listen. Heard today also was a pretty rosy picture of the economy and i dont want to put words in peoples mouths but secretary, i believe you said the economy, the economic recovery was strong. I think that tens of millions of americans would disagree with that and in fact, would say that the stock market is not the only economy. I would just first comment on i did say theres a strong recovery because when you close the economy and you reopen it, it is strong but there is still more work to do. Reporter mnuchin says that the economy recovered about half the jobs that it lost in months, not years, like it was after the great recession. Mnuchin says theres a long way to go. The administration is keen on making sure everyone who lost a job gets a job back. One more thing. Charles evans, chicago fed president , says he thinks a 500 billion to 1 trillion needs to be pumped into the economy from congress in fiscal stimulus. Hes the only fed president to put a number to that. Chairman powell would not do that today when directly asked. Liz well, again, when were looking at how many people are still receiving some type of unemployment help from the u. S. Government, its at about 29 million. So theres that. Very tough. 50,000 new cases yesterday of coronavirus. Edward, thank you for keeping us posted. Check the dow, nasdaq and s p right now. We are in the green with a triple digit gain for the nasdaq, up 146 points now. But the markets are remaining plagued by stimulus uncertainty. That leads to the question, have you already seen the highs for the year for the markets . Well, thornberg investment manager ben kirby says yes. He also says its time for investors to quote, head for the multiasset hills. What does that mean . He says that means high yield, dividendpaying stocks. Lets look at thornberg Investment Income builders fund. Theres a focus on Global Telecom companies that have low valuations, high yield, and have underperformed this year. Theres more room to move at the top, according to that theory. Take a look at china mobile. Orange and deutsche telecom. Kirby added that home depot is another great name thats a stayathome play. To our floor show traders. Tim anderson and phil flynn. Tim, give it a play. Is it rearing its head more strongly these days and what do you make of the fact hes going with three big telecom names . Well, i think theres no doubt on september 2nd when the nasdaq composite and s p 500 made their latest alltime highs, that there were some valuations that were really stretched to the upside. If investors are going to shift money into a little bit more of a defensive posture, it certainly makes sense they are going to maybe have a slightly higher weighting in some value names, maybe value names within the Technology Space if they are dedicated technology funds. And there are a number of Tech Companies that do pay attractive dividends. I think it would be healthy to see investors be not quite so enthusiastic about some of these highflying tech names that dont have earnings or maybe even sales yet. Liz phil, talking about opportunity. You dont want a dud of a stock just because it gives you a great dividend. Thats not going anywhere. Then there is the dividendaristocrats, who have continually through thick and thin, hiked their dividend. Tell me what you are looking at as an opportunity when we once again have green on the screen and im not sure thornberg is correct in saying we have seen the highs for the year. I dont think they are correct but doesnt matter. There are people that are going to be defensive right now in looking for these high yield stocks and you know, after i saw that jobs report, it got me thinking, theres got to be value in real estate, right . You look at the bigger picture, you mentioned some of those that have paid dividends 25 years in a row. Take a look at this one, realty income. This is a brand new, newly minted dividend aristocrat and they pay the dividend [ inaudible ]. Their stock took a hit because of the coronavirus situation but its starting to come back and its yield is incredible. I think the yield was somewhere around over 4. 5 . You have that stock that it looks really good. Another one is kilroy, which is another real estate stock. These are stocks that got beat up big, they pay a huge yield on their dividend and with the jobs number today, the strongest since 2006, i think the hard part of the real estate sector will start coming up as well. Thats a place to look for dividend and yield right now. Liz wow. I like that. Get paid 4. 6 . Why not. Just while youre sitting there. Tim, phil, great to see you. We have a Dow Jones Industrials up triple digits now as well, up 102 points. Thanks, guys, for juicing the markets here just a little bit. Coming up, the tesla bull faces off against the tesla bear, who says tesla is going to be 19 bucks by next year per share. I dont know. That would be a big fall. In the meantime, with the closing bell ringing in 49 minutes, Nbc Universal parent comcast making its way on to nelson peltzs Binge Watching list. Up next, leo hindery is here. His reaction to the activist plot twist to the cable giant. When activists enter stocks, sometimes they really spike. Lets see if he really stands a chance on that. The claman countdown will be right back. 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. groans hmph. food grunting menacingly when the food you love doesnt love you back, stay smooth and fight heartburn fast with tums smoothies. Tum tumtum tum tums its made for this guy a veteran who honorably served and its made for her shes serving now we made it for all branches and all ranks whether they served one tour or made a career of it. We also made usaa for military spouses and their kids usaa is easy to work with and can save you money on auto, home and renters insurance. Become a member today. Get an insurance quote at usaa. Com quote usaa. What youre made of were made for liz well, the Las Vegas Raiders taking very nicely to their new digs, beating the new Orleans Saints 3424 in las vegas, week two of monday night football. So i have a question for you guys. Did you watch it on tv or on streaming . The iconic broadcast available on espn plus. Comcasts peacock offering live sports such as premier league soccer. Perhaps thats why activist investor nelson peltz says the stock is undervalued and theres much more upside opportunity. Lets take a look at comcast stock. It is popping, up 3. 5 on news that nelson peltz has bought up an 870 million stake in the stock. Peltz calling the stock undervalued, saying that quote, constructive discussions have already begun with comcast management. Come on. Who are we kidding . Ceos do not like it when these guys pick up the phone and say its time to have a conversation with us. But our next guest knows all about media machinations. Leo hindery, headed up tci, former founding chairman of the Yankees Yes Network and so much more. You know this business. Nelson peltz is a brilliant guy. Hes had some wins with Procter Gamble and a lot of other big names but comcast . Nbc universal . This is a very Strong Company and Brian Roberts and the family, founder family, own a big chunk of the shares. Can he really have any effect and does he need to have any effect . I think you are quite, the point you make is right. I dont understand the transaction. Brian and his family are in control of the company. I think within the context of the entire cable industry, brian is the star. Hes a superior manager. Theres some head winds in the industry that you have talked about on your show several times, the transition from the bundle to streaming, the evolution towards from 4g to 5g which is coming for everyone, inevitably, and the cord cutting, cord shaving. So its not an easy platform to run against but i dont understand what nelson is trying to accomplish. 900 million is a lot of money to invest in a stock that you cant have much influence on. Liz yeah. I think its just a. 4 stake. But putting that aside, you look at what nbc has been able to do with streaming sports. Im interested from your perspective where you see sports going as it pertains to cable. Cable tv and sports are suddenly looking a little bit shaky because on our screen, amazon, cbs, hulu, sling, youtube, twitter in the past has streamed some sports. Is the experience good enough now that it can tear people away from sitting in front of a television . You know, we grew up in sports in an industry where, you know, you ate what i served and you paid what i charged. And sports just grew ever more expensive, liz, and they are the reason the cords have been shaved and cut. It just got too expensive to pay for the sports pieces of the bundle. So all these women and men that are shaving their cords and cutting their cords and moving over to the streaming world, many of them are running from the exorbitant cost of sports on television. You are going to see a cratering here at some point, i think. You cannot pay these women and men who play these sports the kind of money theyre getting, the owners receiving, and expect the consumers to put up with it forever and ever. Liz nfl week one ratings were down 8 . Is that a function of the fact that these games arent as exciting . Dont tell me that the thursday night game between the browns and bengals wasnt exciting. And you know, you look at patrick mahomes, hes a big draw. Tell me, do you think thats a function of the fact people just arent interested or that some of the eyeballs arent being counted through these streaming channels . I think theres a lot of truth to the latter. I think the other thing that we have to acknowledge is that not everybody likes sports universally. When espn became part of the bundle way back in 1978, it was the only one, it fit comfortably in the bundle, it made our industry as successful as it was along with cnn. But its too much sports and the economic model is too broken to believe that you can continue to pay these kind of rates for the sports product when not 100 of the audience is interested in the outcome. Liz got it. Tell me about how your spac is doing. I want our viewers to know spac has become so hip to discuss, special acquisition companies, but you were there early, a year ago, you formed trine and its publicly traded. You did make your first investment. How is that going . Its going very well. The criteria that we had when we put trine together was the same you and i used to talk about when i ran tci and liberty and at t broadband. You want an environment where the growth at the top is as meteoric as you can find it. You want great women and men running the asset. And you want some barriers to entry. You want to find out your technology is proprietary, your hold on the customers is proprietary and desktop metal, the company we despacced with and pending actions later this fall is an Exceptional Company in all three regards. Its the key, its the leader in the category called additive manufacturing. Its leaps and bounds ahead of the legacy technologies and one of the finest management teams i have ever seen. Liz we look forward to following that. One last question. When you talk about fine management, you ran the yes network which was, of course, the Television Home of the yankees for so many years. You got to tell me, knowing baseball, stevie cohen and the mets, do you think in this final lap of the race to buy the mets that he will be approved by the owners . You understand the thinking here. Im very focused on this and would sny, the mets sports network, be part of this deal eventually . You know, i dont understand why sny isnt part of the deal today. I think steve cohen is the best thing that could have happened to the mets. I say that not in disparagement of the wilpon family. But the teams need to perform at comparable levels and frankly, the mets have not been at that level for a number of years. Steve cohen is a born and bred mets fan. Hes got all the resources in the world and Major League Baseball would be foolish not to accept his ownership of the team. Liz well, how about that. I know that theres a period of time after hes approved, if he is indeed approved, he will be able to bid for a lot less for sny than he would have originally. Leo, its lovely to have you. You look like youre ready to go to sun valley, to the conference. [ speaking simultaneously ] always nice to see you. Liz i dont know. I will let you know when i get my invitation which is never. Good to see you. Thanks so much. The closing bell ringing in 37 minutes and we do have a pretty decent bull run here. Dow is up 110. Party City Investors throwing the confetti at this hour. The retailer is hiring 20,000 temporary employees to help man 25 new halloween city popup stores. Party city expecting to retain 10 of those workers even after all hallows eve. The stock is up 7. 5 . But gyms are still getting tricked by covid. Up next, we are taking you to the front lines of this fight for survival. As exercisers trade the inperson experience for athome and outdoor sweat sessions. The claman countdown is the place to be. The lexus es. Every curve, every innovation, every feeling. A product of mastery. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. To listen, is to he