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Transcripts For FBC The Claman Countdown 20240711

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Take you live to the white house for instant reaction and show you the stocks moving on the news. How quickly might the orders get to and help the wounded economy are power panel takes a close look at the three most crucial stimulus, infrastructure, taxes and big tech regulation, austin goals be and steve forbes are here on what should be number one for team biden. After topping out on alltime highs on Inauguration Day markets making a late day charge for new record any gain for the three majors will cost for the russell 2000. Restaurants remain closed due to the pandemic there is a new Grocery Service described stitch fix meets and sticker, its hugely popular and parents and hipsters, founder and ceo is here in a fox business exclusive on why its fast becoming the hot meal plus grocery kit. You will not be leave game stocks while bride a short seller got sucker punch by technology this afternoon in its efforts to slam the videogame efforts to stop. We will show you what happened during the widely promoted streaming case against gamestop which is actually jumping right now. Fox business alert president joebiden as a markets charge higher, yesterdays rally coming and according to dow jones the best Inauguration Day for the nasdaq and the best performance for the dow and s p 500 since Ronald Reagans inauguration back in 1985 the s p having the best performance ever if you take the span of time between election day and Inauguration Day again of 16. 5 . To the white house live blake burman is there he is more on the president s plan to bring the deadly pandemic under control. Liz im going to show you those live pictures as President Biden is inside the white house for the last ten or 15 minutes and started to outline the executive orders that he will sign momentarily were told from the white house the president will sign ten of them today as it relates to covid19 and trying to tackle the pandemic the president unveiling his Administration Strategy to deal with it all, let me kicked through the executive orders that the president will sign momentarily. Invoking the defense act for manufacturing and delivery of undersupplied ppe he will set up a covid19 pandemic testing board, he will implore the health and Human Services and the department of education to issue new guidance on School Reopenings and ask osha to issue guidance for workers and businesses, how to keep workers safe the president will sign an executive order on mask wearing making it mandatory in airports and when youre on public transportation, airplanes, trains, ports of entry and the like. As for the president s National Plan that is also unveiling today and includes a covid19 Response Office a call to create federally run Vaccination Centers to hire 100,000 contact tracers and healthcare workers and to invoke the defense act for a National Strategy for school reopening, here is the president moments ago. While the vaccine provides so much hope the rollout has been a dismal failure this far. I understand the despair and frustration of so Many Americans and how they are feeling. Was also learned that amazon has announced it would lend a hand in the effort and offered the Biden Administration to use its facilities for vaccine efforts that we are prepared to leverage our Information Technology and communication ability and expertise to assist your Administration Vaccination efforts. While amazon had been talking to the Trump Administration cdc fox has told there is not a similar letter or an offer made to the previous administration. Liz we are watching him sign this live as he signs ten executive orders all within the purview that were basically focused on the pandemic this is something that he very widely telegraphed well ahead of his election saying this is what we gotta do and then of course after he was elected it was 100 million vaccinations within his first 100 days, do you think you could do it . That is the goal 100 vaccinations administered in the first 100 days where we stand right now the situation the president took over on Inauguration Day 35. 9 million the vaccines but less than half of that 16 and a half million ministered only 2. 1 million americans have actually gotten both of their doses whether from pfizer or moderna. The need to continue to push forward with vaccinating the country is most certainly there you can see doctor Anthony Fauci over the shoulder, Perfect Timing one of the president s top advisers, dr. Fauci said today he is one of the 2. 1 million americans have received his second dose. Liz excellent work. One of president s cabinet nominees is getting blamed credited for the drama hitting crypto currency. Take a look at bitcoin it was down more than 9 earlier now its down 7 down about 2785 to 2323 that is the second daily drop in a row at three week low, a lesser traded crypto currency just hit an alltime high back on tuesday and pulling back from highs that hit on tuesday as i mentioned, today alone it is losing, think about 9 i am checking this out on queen desk, it is down about 9. 5 the collective wipeout of 100 billion of the entire market comes after u. S. Treasury secretary nominee janet yellen warned that lawmakers should curtail crypto use because she says is primarily used for illicit financing. That also sent stocks, they micro strategies are all related you can see there getting humor. Take a look at the housing sector. Homebuilders going crazy after they rose 5. 8 month over month that is the fastest pace for the month of december since back in 2006 with the final hour blasting away to the floor show traders, fill you can look at the vile doll energy names to, fuelcell gapping at the open down to 180 moving higher right now, it is about 3 higher, price action today, if youre waiting for an entry point and whatever hot sector you have to be so quick, how do you do . I think in this sector you have to buy every break and mainly because its not about earnings with these companies right now its about the new administration coming in, even the ceo says were having trouble making money right now but things are going to look better under the administration with the Green Energy Money that will be put into the marketplace. That is one of the trades that will be hot in the administration the anticipation of a lot of spending may be trillions of dollars of Green Energy Projects you will make these Companies Look better than they wouldve if they were on their own for example. We saw that during the obama administration, a lot of them went through the roof. How many lasted that is a different story but for the short one there a good thing, you have to be careful these stocks, some of these companies you have to be very careful its almost like a crypto currency you never know when the bottom is going to fallout so you have to be very careful which one to pick. Liz you gotta give me a sense of what you feel is the best way to get in when you see a minor pullback because 3 and some of these names are 5 but it may be your last chance in the next couple of weeks, very bottle under volatile names. We know the Federal Reserve has committed in more stimulus efforts, the market has gone up and up and we talked about alltime highs which seems to be every other day volatility that does persist or give us the opportunity should be taken advantage of and we should be building out our position we believe the earnings recovery story is fully intact, the Business Cycle has started to reboot and weve been in a vshaped recovery, looking at the cyclicality names such as financials, materials those are exposures as economic continues and we know the biden a administration is putting in new initiatives that will have distributions faster and get the economy continuation that we have been on over the last 6 8 months. Liz two of the dow leaders are travelers and intel report after after the bell and were in the Fourth Quarter Earnings Report season. Are you looking at any name out there today or in the future in a couple of weeks that you believe could set that tone for even higher highs . I think we see the tone being set with the earnings that we have you mention travelers that could be a good stock, all the energy names saying the worst is over for the Energy Sector and by midyear will be back to normal, that plays in to a strong backdrop for a lot of these markets, i think energy, material, financial, but strong and i think that will keep going, get back to bitcoin the bitcoin issue, the regulation on that will be a problem but theres no but doubt the innovation is an believable in this phase. And it will continue yet to be very careful sometimes when you try to clamp down and technology can actually harm the economy because using the crypto currencies down the road maybe the future of finance is something that you dont want to crackdown on too hard. Liz think you were looking at the nasdaq at a session high but regardless, any gain for the tech heavy index continues to run that it has seen, great to have you both, lets get to the Biden Cabinet it is pretty bare at this hour day two of the presidency as Pete Buttigieg makes his case to leave the Transportation Department we will take you straight to capitol hill to find out when the senate can vote to confirm the president s pics and which stocks may start to move on those pics, closing bell ringing and about 49 minutes we are coming right back on the claim n countdown. New projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. So youre a small business, or 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. announcer do you want to reduce stress . Shed pounds . Do you want to flatten your stomach . Do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable, correct form. That means better results in less time. And there are over 20 exercises to choose from. Get gym results at home. No expensive machines, no expensive memberships. Go to aerotrainer. Com to get yours now. Liz were getting breaking news the house is voting on a waiver for general lloyd austin after the Services Committee voted to serve as secretary of defense that winds its way through congress of joe bidens presidency he still has one cabinet member director of National Defense avril haines who was confirmed yesterday. Today bidens transportation secretary picked Pete Buttigieg had his confirmation hearing before the Senate Commerce committee lets get to Fox News National correspondent Jacqui Heinrich joining us from capitol hill. Good to see you, if the house of votes to grant general austin a waiver the full vote in the senate could come as soon as tonight, earlier today after two separate hearings to consider austin waiver and domination the Committee Approved both measures by voice vote on a bipartisan basis but if confirmed by the senate he would be the first black defense secretary in this confirmation would be another step in fulfilling the Biden Administration to urgently confirm after President Trump cleared out a number of pentagon spots. Concerns about eroding civilian control of the military by a four star general to the top gun spot austin is expected to get enough support from this confirmation and pledge to empower civilian voices and respond to congressional oversight, that could happen in students. Last night they confirmed the cabinet nominee director of National Intelligence avril haines will be the first woman to serve in that position in her hearing she pledge to do a threat assessment of cueing on when to begin that job. But today the action has been at the Senate Committee on commerce, science and Transportation Transportation secretary nominee Pete Buttigieg said bidens a administration will look to expand the federal mask mandate to other modes of transportation if there is Relevant Authority to do so, he made a push to build bipartisan support for an infrastructure package. Buttigieg defended President Bidens plan to block the Keystone Pipeline calling it a broader jobs package that will in that being net positive despite considerable pushback from the gop, concerned about losing american job and energy. Im looking at natural gas its down about 1. 7 , its been low for a long time, thank you very much, Jacqui Heinrich, she is so smart do you want to know a secret about her look on my podcast i did a whole podcast focusing on her inner climb on where she is today. Thank you very much. Okay, thank stitched fix meets instacart only for healthy groceries, we will introduce you to produce Delivery Companies that is roaring during the pandemic, what is the key to its success, the hungry root founder and ceo on how his service is helping fight off the pandemic pounds in a helpful way, closing bell ringing and 40 minutes, we are coming back, Dow Jones Industrials holding onto 22 points as to be better by five. My body is truly powerful. I have the power to lower my a1c. Because my body can still make its own insulin. And trulicity activates my body to release it, lowering my blood sugar from the first dose. Onceweekly trulicity responds when my body needs it, 24 7. 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Transitions™ liz fox business alert shining green apple for the picking first up and top stocks, big tech rally as it looks to the future the tech titan reportedly working on its First Virtual reality headset as a precursor to an eventual smart glass product that could replace the iphone, now were really tuning the world out, Morgan Stanley hiking its price target to 152 right now apple climbing 3. 6 in stanza 136. 89. United airlines that stocks getting grounded wider than expected loss and higher cash burn in the Fourth Quarter remember delta cut its cash burn in half. Ual not being able to pull that trick off and also issuing disappointing guidance on its Pandemic Recovery timeline down five and a third . Subodh tv flying high kicking off the coverage of the sports streamer turned sports better outperformed with a 40dollar price target jumping 14. 6 to 3456. A little controversial shortsellers tried to pounded down but food vote is winning that game, soon to be competitors and all gearing up for launches of their sports wager michigan tomorrow. Also announcing plans to expand into the state of ohio, womens down about half of our percent, Golden Nugget down 2 , Penn National gaining up 8 the biggest giant and Golden Nugget getting cashed in as pin looks for another victory in the final hour. Ali baba getting brought back down to reality, on jacks reappearance after a three month absent from the public scene, realization that regulatory problems read the Chinese Government are still facing the online retailer in the sibling company and group are still hovering over this company that is hitting shares at 2 . Okay, two sectors, meal kit and grocery delivery are seeing a huge boom that is not news during the covid19 pandemic, Research Shows the two remain hot with consumers the industry is expected to keep delivering for investors a across the country to the tune of 19. 9 billion by 2027. Thats enough money towards the jolly green giant, blue apron and hellofresh, you look at the stocks over the past 52 weeks blue apron jump 40 and one half hellofresh up 213 . There is a rival coming up, hungry root one of the key players in the market since launching in 2015 planting itself is a company that has custom grocery with meal planning been mccain is the founder and ceo hungry root, great to have you here your services attracting a highend group looking at your twitter followers they include everyone from brooklyn hipsters to writer susie welch, charlie oconnor, how are you changing the pandemic food delivery game in a way that is attracting a mosaic of interested customers questioning. Thank you so much for having me on its great that we have those people on her twitter following in the mainstream consumer that is who we are focused on. Were on online Grocery Service and offer anything from Fresh Produce to premium proteins but we also offer recipes over 3000 recipes that we give our customers access to to make it easier to know what to do with her groceries and lastly we do all the work for the consumer instead of them going to our website and choosing among thousands of products, they fill out a little profile telling us what they are looking for they try to lose weight, save time and we take groceries that we think that they will love they give us feedback on the groceries and we do better each time we deliver. Liz you got the attention of forbes them an interesting article not even that recently in 2018 but saint suddenly you are starting to really get your sea legs in this business after a stumble in the beginning, i cannot even call it a stumble it was you who decided hyper growth to say stop we have to fix this is not developing the way we want. We started out as a different business than we are today our hypothesis and you can build a food brand online sell directly to consumer you can be more innovated with a food product that you come up with, we launch the business we only offered six products today we offer hundreds and were a onestop grocery so to get through the evolution we at one point had to shut the business down and stop our entire supply chain to reconfigure in 2018 the forbes article referencing the growth has been tremendous and we really feel like we have identified the Value Proposition that Consumers Want today. Liz for the consumers we want a box of capn crunch with their avocado they better look somewhere else. I was looking at your off ariz lemongrass tofu you put the ingredients with the product. Im interested in this almond chickpea cookie dough, i only eat cookie dough raw. Thats whatever fan favorite products i highly recommend is a cookie no that is made out of blended chickpeas, Almond Butter and chocolate chips, it is delicious i highly recommend it. The products that we offer our modern healthy food, we just dont carry any product we do the work to cure our selection or the consumer and as you mentioned we give them recipes so its easy for the consumer to know what to do with her groceries. Liz before we go, the cost i know our viewers want to know how much is cost. Our customer report saving 22 a week compared to their alternative grocery method, sometimes that is whole foods, sometimes that is target but on average there saving 22 a week ordering from hungry root in the average customer is getting the majority of their groceries from hungry root they might go to the store on wednesday night when they run out of milk or eggs but were supplying them with the rest of their groceries for the week. Liz in one shot, then mccain the company is called hungry root, come back when you go public. Anytime, stimulus tax of big tech, big tube with abided economy the economic power panel is here to tell us what will work and what will not as the nation struggles to return to prepandemic levels, the closing bell ringing in 30 minutes, the dow is up 30 points were looking at records across the board austin goals pete and steve forms have it all when the countdown returns. could have been me by the struts hey, mercedes . How can i help you . The 2021 eclass. Motortrends 2021 car of the year. In these uncertain times, its important to own physical gold. Fortunately, theres an easy way to invest at the source right here on american soil. Were golden independence and our advanced stage nevada gold project is located within the largest gold producing complex in the world with an Historical Resource of over one million ounces and active drilling to expand even further. Time is now for golden independence. Liz the clock has started on the first 100 days of President Bidens new term as he faces and tackle multiple challenges that directly tie to your money and investments. Pushing for a 2 trilliondollar stimulus package, raising taxes and regulating big tech and social media, where should he aimed the congressional ammo first to forbes media chairman and formal candidate steve forbes and chairman of the Economic Advisor under president obama austan goolsbee. Great to have you both. Lets start and 0 in on stimulus, go big or a narrow version in the hopes of passing congress. Go with a narrow version remember spending has to be financed by printing money which is not good raising tax will hurt the economy not help it. This case small is better, focus on small businesses, do the 2000 stimulus checks i know they dont do much stimulus but to get it out there and drop the rest. Liz 1. 9 trillion is that a skinny version in your opinion. 1. 9 trillion they could mop a trillion often do a lot of good. We dont want the fed inadvertently printing too much money and setting off inflation. Liz a little too late for that, i dont know austin big or a skinny version of the stimulus package. It all depends what youre calling big and what youre calling skinny prethis is absolutely needed joe biden ran on the census platform if you vote for me heres what im going to do. He got 81 million votes and now hes proposing to do exactly what he said he was going to do. Chuck tax cut that had a bigger impact on the deficit and the critics of joe bidens program had no problem when the deficit was going up because of the tax cut for income people. I just dont think that argument is going to carry that much weight. I think you should look at stimulus because i dont think this is Disaster Relief. Liz Disaster Relief we are in a war of sorts and i know you cover that as well using your terminology. Before we get the taxes i want to ask about one thing, new York Governor Andrew Cuomo is threatening to sue the abided administration if it does not deliver 15 billion for the state of new york and Coronavirus Relief for the actual state, is the that you believe could be locked off you are a new york resident. I live in new jersey new jersey needs it to. The answer is no one thing to cover actual cost of the covid crisis this is a way of financing the fiscal mismanagement and New York New York has a lesser population than florida and a budget twice the side of florida that tells you all you need to know about the management of new yorks finances. They are driving people away and the governor is proposing higher taxes again. Leading patients in the days, the patient entered the doctor used to believe the patient and the patient did get better thats what Governor Cuomo is doing in new york right now. Austin what do you stand on that . I knew a long time ago dont get between steve and his argument with the governor of new york state. Im not going to get in the middle of that. I will just point out in 50 of the states you are seeing massive pressures and because they have balance budget requirements you could easily tie the amount of assistance to something that has nothing to do with fiscal management that is tied to population and impact of the coronavirus but if you do not give something you are going to see 1000000 2000000 state and local workers be laid off in the 50 states, is not going to be exclusively in blue states thats one of the speed bumps that we have to be careful of, these states problems are not the result of their own actions there because of a failed National Strategy to fight the virus. Liz i want to get the tax cuts versus tax hikes there is not a chance we will see a tax cut by giving your sense, biden said he will do a tax hike on people who make over a certain amount 400,000 progressive tax hike we have to paper this evening skinny bill how do we do that without a tax hike . The tax hike will hurt the economy not help but it destroys capital, raising the Capital Gains tax to a high of 44 , not good raising the Corporate Tax rate we are now competitive with the country this would make is uncompetitive again in raising income taxes destroys and states like new york why do on a national level, raising taxes can actually hurt the economy and the only way that you pay for these things when an economy creates resources and getting off the peoples backs rather than putting burdens on peoples backs reducing the burdens is the way you get the resources made otherwise youll get a riproaring inflation and i know nobody believes that now but wait when this money comes cascading into the economy. Liz money came cascading out of tax revenues after the tax cut that the gop putted that is just a fact and that was before the pandemic, you tell me which part of the tax code needs to be a priority and what does he need to push to the back burner. He prioritized to pay for the program that is not the Disaster Relief spending that part you want to finance with deficit finance because of doubt into Disaster Relief, for a Broader Program he wants to finance as he said throughout the campaign by raising taxes on high income people in the largest corporation, donald trump cut those taxes by 2 trillion and it remains the most unpopular tax cut in the history of american poor. The simple reason people can see it did not work the argument that it would be a massive trickle down was wrong it is not true, and polling there is widespread majority of people who say we should change the system so billionaires like donald trump himself did not pay 750 of taxes. They should absolutely begin with that. You guys are great to face off against. Steve got the first austin gets the last good to have you both i know it is quick and we move fast, thank you both so much. You heard if it doesnt succeed try again wait till you see short seller andrew left losing the round in his game against gamestop he was supposedly going to unleash a short seller stream really pounded the stocks will show you what happened bitcoin boom during abided administration over crypto currency lose its momentum. The local bitcoin bear for my broadcast, peter shift is enemy number one at the crypto face while they love to hate him in my newest everyone talks to lose podcast episode peter deconstructs and explains why he is so bearish and why bitcoin will ultimately fail, here him burst the bubble from where he sits as available on spotify, apple, google wherever you get your podcast you can disagree, agree or listen to it closing bell ringing in 17 minutes were coming back the dow is climbing up 49 points. Robinhood believes now is the time to do money without the Commission Fees and account minimums. So, you can start investing today, wherever you are even on the bus. 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Liz a wellknown short seller losing his game against gamestop, heavily promoted via twitter that it planned to slammed the retail stock in a new video supposed to come out today listing five reasons why game shares are heading south to 20 a share there at 42 according to the twitter page six terms effort which will air 1130 this morning was by hackers, you looked at some of the video where he was trying to get on it they were able to get it up the firm has posted the link but it did not do anything to bring down Gamestop Gamestop at the moment is only climbing not far from the session hi up about eight to the wild stop. 125 since the first of january when the market reopens on a combination of Short Interest and cofounder ryan cohen came in to see that the retailer pushed to go completely unlike going to do shop today will keep you posted on its next pay to the department of all public sources. The Justice Department had a very difficult time showing that specific stocks. This is brought information about covid in hard to tie it directly to the stocks in Insider Trading it is not an easy thing to prove, on a criminal level so to some degree they cannot do that. This is a big but, as of now this may change in an hour or tomorrow fox business has learned that the Security Exchange commission has not dropped it simple case against for we should point out the sec has a much lower bar when you bring civil charges it does not have to show the level of intent that the Justice Department does in also you do not go to jail when you get sec charge you have to make pay a big fine or on a public board. It is a lower bar. I will tell you this, his attorneys believe he has a good shot even if they bring a case and theyre not convinced they will bring a case, they were good shot to say to beat back those charges, the same reasons, its hard to tie the trade specifically to the information received in it was very broad, the information received was out there, one other point i want to make clear Martha Stewart did not get charged criminally for Insider Trading she got charge civilly, now she went to jail because she lied allegedly about the civil investigation. But remember the civil charges are much lower and is now he is not out of the woods on a civil level but his lawyers are confident they can be back the case or convince the fcc not to bring back the charges. Back to you. Liz charlie, thank you very much good clarification covid vaccines to get back to work at the office. The counter closer says work from home at least the stocks are here to stay. He will make his case for athome tech stocks. That is next eight minutes away from the closing bell we are on track for a record for the dow, the s p and the nasdaq. Stay tuned. Upbeat music transitions™ light under control. Upbeat music transitions™ signature gen 8™ available now, in 4 vibrant style colors. Liz two major names in tech, ibm and intel. Jackie deangelis in the newsroom what were looking for here. Intel is expected to report earnings of 1. 10 per share on revenue of 17 1 2 billion dollars. Those earnings would be down 27 1 2 from a year ago. Investors want to know about intels long term manufacturing strategy. Specifically outsourcing more that would change the Business Model a little. They have the reputation for making best products, making them inhouse. Rivals are stepping up. Goal to make chips that are crunching them as possible. You need to make them in house or out of house. Ibm expected to report earnings of 1. 89. On revenue of 26. 7 billion. Those earnings would be down 62 yearoveryear. The company will not be providing guidance because of covid. Some are hoping maybe they will say well continue to continue guidance next time around or whatever the case may be. There is this issue how it has been managing unnamed spun off business. How could that pave the way for more restructuring. A lot to dig into with these two, liz. Liz stand by, were waiting on those numbers, jackie. Stay at home, work at home, a huge theme of 2020. Obviously. It is not going away anytime soon. At least thats what are todays count down closer says. He is michael harris. Heritage financial director. Michael, lets say were having a conversation six months from now. Make your case for these names, particularly win ones, there is sort of a panoply to choose from. No doubt the stay at home trade will continue to have momentum like weve seen some of the tech names you know, continue to become bid up today. But what is really interesting i think, is that were going to probably see rotation from some of those tech names into some more value oriented names in the second half of the year. Once we start to see the return to the new normal. Some sectors that i think are really interesting are tech and leisure. So from a leisure and travel standpoint well see all of that penaltyup demand come back in the second half of the year as economic recovery starts to, starts to pan out. Another to think about is financials, right . So weve seen stock buybacks across the board. M a activity is at record highs and the yield curve is steepening. Many of the bank names are also going to be a good value play to pick up here over the next six months. Liz however specifically, when you talk about the names that will work from work from home, if you look at the work from home etf which was born of this pandemic, you know the six month chart looks amazing. Even as we watch the vaccinations start to make their way through the system. This is an intraday, you can see from the sixmonth chart a nice move than what they actually made. Sub sectors in the work from home, play at home space that might continue to do well. I think in many cases the train already left the station when it comes to work from home. That is why were telling folks that they need to start positioning for the next cycle in the markets away from some of the growth tech names into some of the value sectors that i mentioned. Another one that i think is really important here is infrastructure. So i think it is everyone feels that there will be a some sort of a bipartisan deal in washington in order to be able to buildout rebuild america, if you will. An on the back of that, we could see commercial services and subsectors like transportation benefit from that. Liz michael, great to have you. The dow dipped into negative territory but popped back up. Any game is an all time record. [closing bell rings. We have a record for the dow and s p. Connell. Connell we have alltime highs either way on wall street. Investors are clinging to stimulus hopes it seems. Stocks were climbing even though number of people on unemployment is elevated. If anything that number cases the case for more relief for american workers, more stimulus. Now at the close the dow gives up its gains and closes down by about 12 points as it settles in here. The s p 500 and the nasdaq are both higher. Any gains at all today for any of those major averages would be another record high. We have second day i

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