tv Countdown to the Closing Bell With Liz Claman FOX Business July 11, 2016 3:00pm-4:01pm EDT
should be adding in the vicinity of 3 or 400,000. so hopefully, 287 is a sign of more good things to come. we've got the market close coming up, and liz claman's all over it. heading over to her now. liz. liz: trish, we've got a record on wall street that we are about to hit. actually, a couple of them. the s&p 500 on track for an all-time record close. the dow is pushing to within just points of its all-time high, and the nasdaq is flirting with a key level. that level is 5,000. we are just about 5.5 points away from that. so we're watching every single tick of this. while wall street cheers though, we have dallas still in tears working to recover from last thursday's deadly ambush by a former army reservist. the investigation is well underway, of course, as the dallas police now focus on more than 170 hours of body camera footage, countless hours of video from squad car dash cams and local business surveillance video. the assault on the dallas police
ended after a robot, like the one we're about to show you on our screen, armed with an explosive was able to kill 29-year-old micah johnson. now, while it's revealed that the killer was planning to use bombs of his own, we've got the ceo of an uber-hot robotics company. and here is the question, folks: are we witnessing the rise of the row bow cop? -- rob with ocop? and donald trump making his first comments straight from the campaign trail. our political panel on how the issue will face the race just one week before the gop convention are. we're less than an hour to the closing bell. let's start the "countdown." ♪ ♪ liz: and the reason that page is about to be written, a couple of things here. no less than 40 stocks in the s&p are hitting lifetime highs. so sharpen the pen, we are
poised to rewrite the record books. the level that we need to watch, any close above 2,130.82 is a new closing high. we stand right now at 2,140.47, so we are well above it. now let's show you this. a new economy and an old economy stock. these are two names out of the 40 plus that are hitting record highs. amazon, just one day before the amazon prime day, the e-commerce high hitting an all-time high, and 3m -- they're the maker of the post-it notes are crashing through a ceiling at the moment. both moving higher, both at record highs. we also should look at alcoa because it unofficially kicks off earnings season after the bell today. analysts expecting the companies to earn nine pennies per share, but it's been a tough row to hoe for alcoa because you compare that with 19 cents a year ago. right now shares are moving higher by 2.5%, but they're
still just $10.07 a share. twitter getting flogged at this hour even after announcing streaming deals with wimbledon. the stock just cannot be gain flight, down 1.5%. that's not exactly getting flogged, but when you look in the aggregate, this was a $70 stock a couple of years ago. right now it's $17. it got downgraded from a neutral rating to a buy, so twitter struggling here. let's get to our team coverage. lori rothman on the floor of the new york stock exchange to report on wall street's record moment. we have rick leventhal in dallas as the heart-broken city awaits a visit from president obama tomorrow, and blake burman live in cleveland, the city that's about to be the center of the political universe. all three standing by live. but to the bulls kicking off the week with a bang, the nasdaq cracking through the 5,000 ceiling earlier. the s&p 500 hit a new intraday record. the bulls on the run, this is not just a random move. there are distinct drivers at
this hour, and lori rothman's the woman who's got her finger on the racing pulse of those drivers. >> reporter: hi there, liz. all right, the traders telling me here a lot of folks caught on the wrong side of the trade, so there's a lot of room to make up. so that's driving the momentum here behind our rally. the numbers to watch on the s&p, we are at a new intraday high right now. 2134 was the previous record, right now the s&p is at 2140. 2130 is the record closing high, so we'll keep our eye on those levels. another factor, traders here are really kind of happy about the transparency coming out of the u.k. as you know, theresa may emerging as the new prime minister. the ftse, for its part, closing back in bull market territory, 31-month high for the -- 11-month high for the london-based stock market index average there. so that's very important, transparency, calmness, a little bit more of an idea of where we go from here. earnings, you mentioned alcoa.
our traditional kickoff of the quarterly earnings season tonight after the bell. the stock is up, so people are expecting good things. however, 51% slide in earnings, 11.8% decline in revenue, that's the expectation. so the bar's been lowered for alcoa, let's see if it can at least make those numbers, and wall street will be relieved, to say the least. back to you. liz: you know what i have to say about alcoa, they disappoint us a lot, you know? the stock moves higher in advance of the earnings, and then it just doesn't happen. all right, thank you very much. we shall see, maybe this time. lori rothman. well, protecting our military before and after they serve is taking center stage on the campaign trail right now. donald trump speaking moments ago in virginia beach, pledging his support to the nation's vets. he promised to reform the department of veterans affairs which, as you know, has been a total mess. offer incentive to those who find waste, fraud and abuse in that system and to let veterans choose whether they seek their
care at the v.a. or at a private institution. listen. >> never again will we allow a veteran to suffer or die waiting for care they so richly deserve. these are our great people. we need to clean out the corruption in government, and hillary clinton will never be able to do it. she's incompetent and has proven time and time again that she doesn't have what it takes. liz: blake burman is in cleveland where the republican national convention is happening in just one week from now. members from the rnc's platform committee are meeting at the moment i guess right where you are, blake. explain what's happening. >> reporter: yeah, that's right. hi there, liz. we are at the convention center here in downtown cleveland, just over my shoulder inside the convention center is where the platform committee, 112 republicans from all over the country, is meeting right now. the chair is the senator from
wyoming, john barrasso. i spoke with him earlier today. he described it as this to me, he said this is a group that basically puts forward what they believe in, what republican values are, what the vision for the future is, what they feel for the country and for the republican party, and they will craft a document at the end of this two-day process and put that forward heading into the convention. barrasso told me he met with donald trump very briefly when he was in washington, d.c. last week, and trump, barrasso says, is pretty much keeping his hands off this process. listen here. >> he said i know you're chairman of the platform committee. work with the members, and i'm looking forward to seeing the platform. he has not really taken a hands-on role to shape the platform, but he's accepting of what we're doing. >> reporter: a bit of a victory here, liz,s for donald trump this morning in the committee meetings. the trans-pacific partnership trade deal was taken off of the platform. as we know, trump has railed
against tpp. that was a pretty big part of the platform in 2012, so a reversal in trump's favor so far here already today, liz. liz: well, what doesn't appear to be in trump's favor -- and, you know what? he really doesn't care either way. [laughter] it is interesting -- >> reporter: some would say that. liz: missing in action is the governor of ohio. this could have been john kasich's big moment welcoming big party members -- >> reporter: right. liz: he has said he will not attend. what's the scoop you're hearing on the ground about that? >> reporter: yeah. john kasich gave an interview to "the washington post", and kasich said as it relates to the festivities inside the quicken loans arena, which is the convention center next week, that he's not going to be a part of the convention. he will have a role because, as you mentioned, he is the governor. so he has to oversee the masve security presence d that whole situation here on the ground. but as it relates to trump and campaigning for him and being there inside that arena, kasich telling the post that he will
not be a part of that process. here's what he said, and i am quoting here. he said of trump and stumping for him and vouching for him here in ohio, he said, quote: it's not on me if he -- speaking of trump -- was to lose ohio and lose the election, people would blame me. that's just life. liz, kasich went on to say even though his daughters are only 16 years old, meaning they cannot vote, he doesn't even think his own kids would vote for trump. liz? liz: big, happy family. [laughter] listen, it's going to be interesting either way. and historic none theless. blake, thank you very much. let us shift gears here, and this has just been an unbelievable story that has captured the nation's eye and heart. the fallout from the deadly dallas protests. the violence did not get tamped down after five police officers lost their lives. it's spread around the nation. look at this. hundreds of protesters arrested at demonstrations around the country from dallas to
knoxville, tennessee, to baton rouge, louisiana, where a police officer got his teeth knocked out after getting smashed in the face with a projectile. philadelphia, all kinds of issues. this as new details emerge about the shooter behind the deadly dallas attack on police officers. not only did he have ties to extremist groups, but he was reportedly planning a much bigger attack. bomb-making materials and journals found at the shooter's home suggest he had been practicing detonations. dallas police chief brown gave some advice, you could call it, to protesters everywhere. >> from a part of the solution, serve your community. don't be a part of the problem. we're hiring. [laughter] we're hiring. get off that proprotest line and put an application in, and we'll put you in your neighborhood, and we will help you resolve some of the problems you're
protesting about. liz: which is exactly what chief brown said he got into the business of policing for. he lived in a crack-ridden neighborhood, so he wanted to make his neighborhood better. let's get to fox news' rick leventhal who's in dallas, texas. you know, i was seeing you get your shot set up, and i saw what was behind you, the memorial. it's just heartbreaking to see for those who lost their lives. >> reporter: well, it is, but it's also a sign of how this community is rallying around this police department, and that was, in fact, a remarkable news conference from the chief. and we've learned quite a bit more including that the casualty count from thursday night's shooting is higher than first reported. addition to the five officers killed thursday night, nine others were wounded. that includes four members of the dallas police department, three dart officers, the rapid transit officers, and two officers with the dallas county community college. we also now know that 13 officers used force against the shooter, 11 firing weapons and
two using explosive devices. detectives are now reviewing 300 witness statements to see who may need to be re-interviewed, and the chief revealed some officers at the scene still haven't begin statements to investigators. we're also told that micah johnson, the gunman, was wounded and wrote the initials r.b. in his own blood on the walls, but officials still aren't sure what that means. two college students stayed in that building overnight because they were too scared to leave. the chief also says, he confirms that johnson had a large stockpile of bomb-making materials in his home, the home that he shared with his mother, but they still don't know if he planted explosive devices anywhere or if he planned to. and, liz, the chief says he is determined to insure or to confirm that johnson was, in fact, the lone gunman and did not have any help. liz: thank you very much. rick, thank you. it's a tough story to cover, and we appreciate it. let us know if there are any new
details. we'll interrupt the show if you get them. folks, if you're left wondering how police can remain safe when they're getting shot at by people who have these weapons, coming up who knows how many lives can be saved by this. robocops. one was deployed in dallas to stop the shooter. we've got the ceo of a robocop company. you will not believe what his robots can do and how departments around the nation and military as well are rushing to sign up. he's got a big, gigantic one that's 65 pounds and a smaller one that's five pounds. they can climb stairs, and they can detonate all over the place. we're going to show you and see how it could change the face of law enforcement. closing bell, 47 minutes away. dow is up 114, holding record highs. our expert traders on whether the u.s. markets are ready to break out beyond this or retreat. the floor show straight ahead. and takedowns, haymakers,
submission holds resulting anything a knockout of the deal for the ultimate fighting championship. the ufc selling for $4 billion. the deal involves a who's who of hollywood, wall street and the business elite. ufc owners built the organization from a minor sport to a global international brand, and the group buying the ufc led by hollywood talent agency wme. he's the william and morris co-ceo. roberts providing the funding. and, heck, why not throw michael dell in there, founder of dell computers, all part of this deal. >> hey, the only thing hotter is nintendo. its pokemon go mobile game a runaway success and causing a few sprained ankles in the process. we're going to explain that in a minute. but is pokemon go the ultimate answer for the gaming giant once left in the reject heap? that story and more next on
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it's a tweet x he wrote: working on top secret tesla master plan part two. well, it was nearly ten years ago that he made the blog post that the secret master plan just between you and me part one came out. well, that unveiled the model s and model 3 as fans and analysts await the full plan, look at tesla's to stock. jumping 4.25%. had a rough week last week. with a couple of situations involving its autopilot. so it look like it's over that, at least for now. tesla standing at $226.12 a share. and move over tinder. after just two days, 24 hours, pokemon go -- the new virtual reality game made by nintendo -- is already on more phones than tinder, and it's on its way to beating the twitter app on android phones. the game allows players to sort of hunt for virtual pokemon characters by using their phones. think of it as sort of a pixlated scavenger hunt.
but as they say, the road to hell is paved with good intentions. there have been reports of criminals using the game to rob unsuspecting users, and one user actually came across a dead body near a highway in wyoming. now, others have tripped, spraining their ankles because they were staring at their phones walking along. but no tripping here for nintendo shares, skyrocketing 35% since the release on friday. the market cap of the company has jumped 7.5 billion shares, but remember, this was a company that was sort of left for dead. playstation, xbox were considered cooler, but this may be a crossover game that gets adultses and tweeps much more interested. well, you could argue that the markets are skyrocketing higher here because there may be a new sheriff in london town. our markets seem to like the following development: u.k. interior minister theresa may, on your screen, is apparently the last woman and man standing. she's set to replace david cameron as british prime
minister when he resigns this wednesday. may, who was a remain supporter, says, you know what? i may have been remain, but i will not try to stop the u.k. from leaving the e.u. because it is the will of the people. that made her popular, and it kind of made the british pound popular because it had a bit of a bounce on the news. right now it is moving slightly higher against the u.s. dollar but still at a more than 30-year low at 1.30 for a single british pound. let's get right to the floor show, traders at the new york stock exchange, cme and the nymex are watching that development. tim anderson, you're looking at records for the s&p right now. the level to watch, 1832 and change. we're well above it. what would you say is the biggest driver here? >> well, clearly, i think the biggest driver is still this global demand for yield coming from funds everywhere that aren't finding any yield in japan and aren't finding any yield on any -- liz: let me interrupt, sorry. look at the nasdaq.
standing at 5,000. that, of course, is a key psychological level, tim. >> right. and that still may be 3 or 4% from an all-time high in the nasdaq. it certainly feels like the s&p is going to close at an all-time high. we'll have to see if the nasdaq can reinforce that later in the week, and the russell is playing a good game of catch-up today with gains maybe twice what the s&p and the dow have. so that's still a little bit below its all-time high also. liz: yeah. i mean, look at this, now we have the banner up. nasdaq touches 5,000. alan knuckman, you could argue that some of it has to do with a lessened worry out of the u.k., because the ftse 100 has certainly fought back, and you have a slightly better pound. that's an overstatement, still at 1.30, but you also have a clearer path for leadership, no longer what appears to be some type of vacuum. i don't know how much that matters, but the u.s. starts to look pretty good here. but we've got earnings season. how does that end up playing out?
>> a lot of pieces are in play here, but the variables from britain, you know, seem to have sable the eyesed. we've -- stabilized here. the options market is pricing about a 7% measured move, but it's already had a pop up. the nasdaq still has a ways to go to make new highs, so there's still more upside, and other indicators, if you look at the vix, the vix has been cut in half in just two weeks from 27 down to 13. but the low is still much lower than that. even though the markets making new highs, the vix is not making new lows, so there's still more downside in the vix meaning more upside in the s&p with 2200 the next stop and 2400 if we get a full recovery off that 300-point selloff. liz: i don't even know what that looks like. [laughter] a little bit of a hillary step at the top of everest. let's get to luke, and we're looking at oil, and i'm sorry, but you still have the glut, you have the oversupply. you have one outage or a problem with a pipeline in iraq. that was fixed pretty promptly.
it just doesn't seem like there's any stopping a complete once with again build-up and oversupply here, so the price goes down, correct? >> yeah, liz, you're bringing me down on oil to. liz: sorry. [laughter] >> everything you say is true. but, you know, what i'm looking at oil is i think oil is an indicator for global growth. and if oil is so depressed right now or fairly depressed compared to the market, where's the growth in the market going to come from? where are the earnings going to come from? liz: financials maybe? >> i just don't know where that is. i don't know, after brexit, even that might not work. why is growth, why are predictions of growth so low? i look at the oil market, last time the commodities led us when we had a leg down, and volatility in oil and other commodities is starting to go up. we're coming up on earnings season, and unless we have some good news or good predictions on earnings season, stocks are going to go down, and i think they might have dragged oil down.
liz: okay. i may have depressed you, now you've brought me down. [laughter] companies are so used to underpromising and overdelivering, we may see a slightly better earnings season. tim, alan, luke, you always get us up to speed. as luke just mentioned, look, the second quarter earnings season we say unofficially kicks off because alcoa isn't even a part of the dow anymore. but, look, earnings 4 p.m. eastern, after the bell we'll have them, sometimes sets the tone. closing bell, 35 minutes away. the dallas police captivating the nation with how officers ended thursday's standoff with shooter micah johnson. why? because it did the job without risking any more lives. robots much like the ones you're seeing on the screen right now saved the day. the ceo leading the way on this life-saving technology standing by live. how his business is changing the future of fighting crime.
liz: despite the racial tensions still at a boil across the country what is on your screen? the tragic event in dallas next week could lead to this, a brand new way of policing in the united states. the use of police robots, equipped with explosives to neutralize the dallas shooter, it got the job done. while it has drawn criticism by some the technology may also very well be the wave of the future in precincts across america. we have the man at the helm of a company that makes these robots. he is selling them to a lot of precincts and to lots of military. hills company is called endeavor robots. joining us to weigh in on effectiveness of technology for police, former homicide detective and fox news contributor rod wheeler. welcome to you both. shaun, i want to begin with you, when you saw what happened in dallas, the way the shooter was
taken out with a robot, what was your first thought? >> well, my first thought, if robots were being used to save lives, that is exaly what they're intended for. our robots go out and keep operators out of harm's way. they keep people away from dangerous objections and substances n this device a robot was used in extreme circumstance to keep s.w.a.t. team members and other officers from highly dangerous individual who was delusion-filled and hate-filled. if a row pot save ad life i'm extremely happy. liz: this is extremely important to make that point. if you listen to the police chief he said they exhausted all other options. rod, did it look like that you? you fought criminals the old school way book in d.c. for many, many years, tell us what you thought the use of the robot. >> i thought it was creative, liz. we've been using robots in law
so the concept is not new. this is new that the robot deliver ad fatal blow to a suspect. that is the first time in the united states that has happened. so the debate today whether or not law enforcement should in fact use robots to end a situation by causing the death after suspect? i think that is up for debate. i see a lot of ways that the robot could be used. typically we quickly use robot to diffuse bombs and in areas we don't want to send officers in. if you think about it, we could retrofit a robot to be equipped with tasers or some kind of a gas that will overcome the suspect. so i think there is a lot of different ways we can utilize a robot. liz: what happened in dallas -- >> i think that is right to dovetail on that. liz: go ahead. >> we see the robots have the unique opportunity to shoot second. when you send marine, soldier, law enforcement into a room and somebody who is armed and dangerous, that individual doesn't have the opportunity to pause.
they have to shoot around react in the moment. a robot doesn't have to do that. send in a robot and use two-way audio. tell the suspect to disarm. and de-escalate with a taser or ultimately use lethal force if necessary. that -- time and space. liz: your robots can climb over very rough terrain. they can, is it true they can clam up stairs and descend stairs? yes. liz: tell us about some of the bigger things they full off here. >> they like you said can go over very difficult obstacles. they can go into buildings to clear outbuildings. can go into drain pipes and subterranean areas and map out areas. it is matter of taking a bunch of different technologies integrate them on robotic platform which is highly capable and highly rugged and capable of being deployed in a variety of environments. liz: rob, any doubt in your
mind, given the chance, micah johnson, the shooter who already murdered five police officers, who if given the chance shot another one? >> absolutely. he would have shot anyone anywhere near him. i thought it was dynamic decision if you will on the part of chief brown to use the robot. if he were not to have used that robot and sent swat officers in, i guarranty you it would have been a bloodbath. this guy johnson would not go out alive. he already had been shot so he had nothing nothing to lose. another example where we could have used robot, if they had robot to go quickly into nightclub, maybe, just exactly might have seen the suspect mateen was at the time. when we look at all the cases we need to think what we have at our disposal and save lives to end a critical situation. liz: here's a critical situation, rod and sawn, we heard a officer was shot in the
left arm and finker in michigan outside the bear i don't know county courthouse in st. joseph. police are not giving any other details but this is just mayhem here when you hear about these things. there are also one or possibly two civilian victims, all have been transported to the hospital. sean, i don't know if this would have applied certainly to what is happening in michigan right thousand with this breaking news but how many of these systems have you sold specifically, i know you sold 6,000, many of them to military, but what about to outright police departments? >> so we've sold into a few hundred different law enforcement agencies. the demand is much greater than funding to buy these. these are very expensive systems. they are high technology and a lot of departments can't afford them. the idea a robot would be used in the way it was in dallas repeatedly is extremely unlikely because they are so expensive. police departments want the tools. they want to keep people out of harm's way and officers out of
harm's way and de-escalate situations and these robots provide those capabilities. >> rod, as we hear what is happening in dallas, we hear breaking news a police officer shot outside of a courthouse in michigan, what does this lead to you believe if that our police officers, who especially in the case of dallas had jumped in front of civilians in order to protect them, or, this amazed me, you had officers, some of them swat, jumping out in order to draw fire from alleged shooter, micah johnson, no longer alleged, he did it obviously, to see where he was, where he was hiding? heroism at the most unbelievable levels here. what does this tell you getting people to be want to be in law enforcement anymore? it is really depressing situation here? >> not only depressing, liz, it is a challenge for law enforcement. i spent the past weekend in dallas embedded with the police down there really having a lot of discussions.
they tell me each and every day, rod, it's a different world out here. we know in law enforcement we are targets. because of all these other issues going on in the country, law enforcement officers know any day they can find themselves in a situation like we saw in dallas, texas. so we know the challenges. we do this job in law enforcement not because of the pay. we do it because of love of country. hopefully the country will come together, back our law enforcement officers using proper technology such as robots and other technology, drones. we can advance the world of law enforcement to we can do a better job. liz: keep our officers safe at the same time. any plans to go public if you're selling 6,000 of these things, you could obviously went ramp up here? >> we only went private in april. we're focused growing the company organically and looking for profession acquisitions and making a great company and we'll watch it from there.
liz: thank you very much, sean, rod. >> thank you. liz: just a quick update, the shooting that happened in michigan, apparently one or possibly two civilians have also been injured. as soon as we get more pictures or information we'll bring it to you. the closing bell, we're about 23 minutes away here with the dow jones industrials up 96 points. we have the s&p record holding. we're above it. the level to watch, 2132. hillary clinton and bernie sanders finally putting aside their differences to campaign together in a key battleground state. this as the never trump camp gets its last shot tside track the gop nominee in waiting but will it even work? our political panel sorts through all the noise and drama to tell you what you really should be watching just one week ahead of the gop convention in cleveland. "countdown" coming right back.
liz. okay, we're just one week away from the republican national convention. two weeks away from the democratic convention. this week arguably could be a bigger week for both candidate platforms. both donald trump and hillary clinton could pick their running mates this week. it is getting real. let's bring in a democratic strategist and a former speechwriter for president george w. bush. welcome to you both. let me jump first to you, joe. hillary clinton, who do you think she picks? a lot of names swirling around here. >> there are. almost a little be a normal. i feel like we had more names than we had in the past with other presidents if i'm a betting man, senator kaine from the state of virginia, provides a lost compliments to the platform. influence in very key state. he was very popular governor of that state, elected u.s. senator.
names like warren or the other governors -- liz: julian castro, liz warren, senator her rod brown of ohio, xavier becerra, tom vilsack, there are a lot of names here. >> they provide niches. cast very in texas would not help too much with texas. he would help with hispanic voters. tim kaine is very popular among hispanic voters. he is lead contender with everybody else shuffling for second place. liz: donald trump, you hear, chris christie, newt gingrich and, charlie gasparino saying scott brown maybe. is that a long shot. >> you mentioned all names been thrown about. obviously mike pence is one of the names being thrown about i think actually has a very good shot being selected as trump's vice-presidential candidate. i think it is a good pick. he had a long term history inside of the conservative movement.
he ran a conservative think tank. a radio show host. has great communication skills and in the u.s. house and now governor of indiana. as trump has said he needs somebody on to his ticket with political experience. at the same time pence offers good connection with evangelical and social conservative communities as well. he is a great communicator. i think he would be a great addition to the ticket. liz: you have trump meeting with mike pence in westfield, indiana. i think he is not meeting with him. campaigning with him on tuesday. hillary clinton with tim kaine on thursday. both of these gentlemen will get oxygen here. >> conveniently played. liz: get sentiment how they're battling each other. donald trump came out earlier today and talked about veterans once again. hillary clinton brought in two congresspeople and she is talking with congresspeople who are former vets saying that donald trump is not going to be able to run this because he can't run the casino busy. almost like whatever she figures
out he is going to talk about, she tries to counterit. is that playing offense or defense joe? >> well it's a little bit of both, right? sometimes the best offense is a good defense. what donald trump's perceived strength is his business acumen. if you go right at their strength and force them to defend their strength, that does cause problems because that could be keeping the attack off of you which is something, i will be honest, even as democratic consultant she had a couple rough weeks but that doesn't mean she can't repress on attack which she and her team is doing, that is very smart. shifting debate with the rnc next week it will keep the focus on trump instead of her. >> i think the thing you make a valid point i think the thing trump has to do hammer on what he thinks is hillary's greatest weakness which we saw highlighted this week in regards to emails and private servers. a poll came out and showed almost 60% of the americans thought she should have been charged. liz: ned, can i ask you though. you used to be a speechwriter for george w. bush.
>> presidential writer. liz: right. neither he nor his father will stand up for donald trump. bob dole won't. you know, people who were the nominees and were president will not support donald trump. that's a problem too, is it not. >> it's a problem and i think people will have to really make a decision post-cleveland what they're actually going to do. are they getting behind trump and going to say we'll not get behind anybody and see what happens in the fall? you know, at a certain point you have to say, and i've been saying this for months, regardless who the nominee i will be vote forge that person. i will be voting for looks like donald trump. people will have to decide do we want trump in the white house or hillary clinton? people say, never trump. my argument back to them, well, with hillary you get nothing. with trump you have a chance. you have a chance with judges. you have a chance with obamacare. you have a chance against common core. you have a chance on variety of front of the you have a chance to get serious about isis.
people will have to make the decision post-cleveland. will they do something to make a meaningful decision before the november election. liz: joe, 10 seconds to answer that. then we've got to go. >> cleveland will be fascinating. ted cruz speaking prime time, not endorsing their candidate. many people telling him no to the vp nod. coming out of cleveland, ned is absolutely correct. will they back trump someone they can't stand or back hillary clinton someone else they can't stand and come back with hillary in four years with a stronger candidate. footprint at the convention will say if that can happen. liz: leave it at that, not forget gary johnson, libertarian candidate is out there. gentlemen, a pleasure. who do you think donald trump and hillary clinton should pick as their running mates? i would be very interested to note. tweet me @lizclaman. all the links to interviews are @lizclaman.com. it's a record day right this second. s&p in record territory. the dow is getting close, but
not quite there. nasdaq near a record high. history is not on its side. in 2000 the nasdaq peaked at 5112 then the dot-com bubble wreaked havoc through the markets. should technology companies brace for market volatility if record is broken today. charlie gasparino has been digging into this. charlie? >> if this does pierce 5,000, second time since 2000 that the nasdaq did pierce 5000. depends what you have to talk to, if you listen to donald trump he weighed in on this issue basically said the nasdaq is in bubble territory. peter schiff says it is in bubble territory. peter schiff i respect. he called other things in the past. if you really bear down to look at some of these companies, is it safe -- i think, for example, amazon i think led the charge today, right? liz: amazon and apple. >> amazon and apple. these companies are fairly mature. this isn't pets.com, remember covering the sock?
liz: oh, god, i remember that too. e toys. the global.com. >> up 5,000% one day. that is not what we're getting now. we're getting, you know -- and: companies with millions and commerce. >> we're getting pops on maybe like the first day when they ipo. but then they settle back and not a pipe like theglobe.com went up some tremendous. liz: they had $90 million on paper valuation. >> first day. but it was all downhill after that. i remember when nasdaq bubble broke. it was a lot of pain for the next two years, three years. i don't think we're there yet. does that mean that things don't change? i can't tell you that whether to buy this market or not. but if you look at companies themselves they're in better shape. for example, uber, for every, i mean do you really think when uber goes public it is not a real business? i think uber has a real business. liz: absolutely. >> some are not, how do you say
the name? liz: theranos. please. >> it is before it is even public it is already out there, some of the problems with the company. so we're, i think we're in a much more, much more sophisticated and more mature market where individual companies if they're good, maybe that is the way you go with buying. this is not the pets.com era as someone who covered pets.com. liz: leaders, percentages, priceline, google, tesla, amazon, baidu, the chinese internet name, these are the leaders right now on the nasdaq as far as percentages are concerned. these are all businesses that have millions of customers. >> right. amazon, you could say one thing about that, google was the other one? liz: the day before amazon prime day which is their big self-credited holiday. >> how about tesla. liz: survived the dot-com implosion. >> how about tesla? liz: tesla moving higher. >> moving higher today. liz: elon musk coming out with his manifesto. >> that is problematic.
that is something you have to really worry about. this is company by company thing. liz: but they're churning out cars and churning out more cars. >> you want to know something else? it is not across the board. this is not 2000 for people listening to donald. we may get a correction. you know, 5000 -- last time we hit 5000 went down again. now it is back up. this is not where every company has got some real problems. one other point on scott brown. you were talking about the vp? liz: yes. >> i hear he is a dark horse. now you know i spoke to scott once and asked him and he laughed it off. mike pence on paper looks like the best guy, theoretically gives you a key midwestern state, right, indiana? this is going to be, donald trump is unconventional candidate. he may want to be with someone he can hang out with. liz: just so people know swirling around here, the governor of new hampshire and new york guy and new jersey guy would not work with the rest of the america. >> maybe not. remember this is his personal
choice. it is going to be guttural. almost like mccain picking palin. i think it will like what he wants -- less, intellectually, we get the state, i can be with this person you know. liz: charlie, thank you very much. charlie gasparino, looking at the nasdaq and more. the closing bell seven minutes away. the most unloved bull run in history, shattering records again at this hour but when it comes to stocks who is really right? the herd sitting on the sidelines or those charging ahead buying up in bulge? right now every name but three of them moving to the upside for the dow jones industrials led by the dow jones industrials led by boeing and goldman sachs. countdown coming right back. don't go away. whole communities are living on mars and solar satellites provide earth with unlimited clean power. in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond.
two of the people that were killed are apparently court bailiffs. the other person dead is the shooter. state police have not confirmed those numbers or status of the shooter. that is what we're hearing right now. "after the bell" will keep you posted on any new developments out of michigan. let us get back in final minutes before the close a record day. the level to watch here, 2130.82 is the new record finish for the s&p 500. that we have to breach there. so as we are above it at the very moment at 2137 who is on the right side of the bull run? the herd is still sitting on the sideline if you look at volume here. a few wild and crazy animals are coming in to buy stocks to fight bears. let's ask jeffries.com editor. should they sit on the sidelines or being gutty and jump in to buy stocks here? >> for one volume can be tricky to watch because of all robots
that trade stocks. i wouldn't read too much to all ebb and flow in volume last five years but if you want to be a bull, now it time to be in stocks. there is not any game in town other than u.s. equities. where i put my money is the stock market. liz: i think you're right at the moment. what to look at here is the recent rally over past couple days, couple weeks, couple months, is that utilities and telecom got to us the dance. which sectors will pick you up as the stock market dance partner that people should go into at the moment? >> you were just talking about the nasdaq with charlie. i really think tech provides some goodp opportunities right now. one stock in particular i'm looking at continues to be facebook. look at all their metrics. their revenue is great. their user growth is great. their val craigs is fair. i'm not buying utility stock with forward pe. 20. liz: forward pe. facebook is 25.
isn't that a little rich? it is up 30% year-over-year? >> paying a small premium for facebook's growth is not that bad. if you want value, go apple. back out. cash of apple, you're paying a single digit pe. there is a lot of opportunity in tech. the herd may be in utilities an staples but look at tech. liz: that would play out. computer sciences another pick, up 74%. lower price ratio, less rich at about 14. when you look what is happening we may very well hit a record in one minute for the s&p 500 of the does that excite you or worry you? >> i'm ambivalent about it. records come and go. the important thing we get in summer months. slow volume. after "brexit" people sitting on their hands. will be interesting where we're at october, november, at the end. year with important fed december meeting.
a year from liftoff. liz: distinct advantage of being here when the history books are rewritten. jeff reeves, investorplace.com. watch it as you guys are watching it. brand new all-time record for the s&p 500. here is the "countdown to the closing bell." connell mcshane and melissa francis here on record breaking day. >> no doubt about it. has been a banner day for stocks. s&p 500 closing at all-time high connell: i'm connell mcshane in for david asman. >> i'm melissa francis. this is shooting in st. joseph, michigan. according to "detroit free