rather, lost final jeopardy. but you know what? she won bigtime with the internet. everyone's talking about that answer. [laughter] anyway, over to liz claman. we've got a market that's off 30 points right now. liz: wall street holding its cards tightly as news breaking right now of a possible budget deal to lift the debt ceiling is seeping out of the nation's capitol. dow jones industrials down 27 points ahead of a breaking development that could move the markets and your money. what is it? at this hour a long-term budget deal is reportedly being negotiated by the highest levels of government including president obama, john boehner and the top three other congressional leaders. the two-year deal to fund the government and raise the debt ceiling would be the final act of house speaker john boehner who is reportedly taking the lead right now on pushing the deal. it would clear the plate of any contentious budgetary partisanship for congressman paul ryan who is expected to replace john boehner as the house speaker. that's supposed to happen thursday. we are on this story right now.

there is a new report that says cyber terrorists have eclipsed nuclear holocaust as the number one threat to the nation. is that totally overstating it or is it a fact? we're bringing in former homeland security secretary michael chertoff. he's giving us the threat analysis in a fox business exclusive. and the stock being called the enron of pharmaceuticals, valiant fighting back, trying to turn the tables on the short sellers who last week accused valiant of faking sales. is their fight plan working? not as long as this kauai is around. the investigative journalist who broke the story wide open is here in a fox business exclusive. what was it that tipped rod boyd of the southern investigative reporting foundation that something wasn't quite right about valiant, and are his processes something you could use with stocks you own? we're less than an hour to the closing bell. let's take it, let's start the "countdown." ♪

♪ liz: we need to take a look right now at the three major inty cease, even though we are seeing mostly red on the screen with the nasdaq clinging to a tiny lead of under a point, the three are still on track for their best four -- best month in four years. it was four weeks. best month in four years. there's some nationwide news that is breaking right now. is the nation on the verge of avoiding a debt ceiling doomsday? we're going to bring in senior congressional officials who are reportedly crossing theirs and dotting their is, close to hammering out a two-year budget deal that would also raise the debt limit, funding all government programs through next october and raise the debt ceiling. again, this news is seeping out of the capitol as we speak. unless congress moves, the government runs out of money next tuesday, cannot pay the bills. that's called breaching the debt ceiling. we're bringing in chief

congressional correspondent mike emanuel. what are you hearing right now? >> reporter: well, liz, congressional sources are choosing their language very carefully, recognizing that this plan needs to be sold to rank and file members. it sounds like that will likely happen tomorrow, but what we're hearing are some of the key points which would be raising the debt ceiling from next week until march 2017 when a new president takes over. as you mentioned,s it's been negotiated by key representatives of the white house and the top four congressional leaders, retiring speaker john boehner, senate majority leader mitch mcconnell, house democratic leader nancy pelosi and senate democratic leader harry reid. some key points, raising that debt ceiling from next week until march 2017, funding the government through at least october 1st and setting spending levels for two years. and it's also expected to address a hike in medicare premiums and dedeductibles which would affect an expected eight million seniors, also adjusting some of those automatic sequester cuts on defense and domestic programs. we are listening carefully to josh earnest at the white house

who was choosing his language carefully, recognizing it's not done until both democratic and republican leaders are sure that they have the votes to pass it through both the house and the senate. and as we've seen in recent months here on capitol hill, that is anything but guaranteed until be everybody basically sees something in the deal that they're willing to go forward with it. so it's coming together, but bottom line, it's not guaranteed to be there just yet. liz? liz: not at all. let's just be clear here, raising the debt ceiling is for spending that was already approved by congress, correct? >> reporter: that's absolutely correct. and so, basically, it would say we're going to pay our bills through march 2017 when a new congress, a new president would be in office and could figure out where they want to go from there, perhaps work on some time -- some type of debt relief type package at that point. bottom hine, it would kind of clear things out for a presidential election year, allow the government to continue to borrow and continue to operate without any threats of catastrophe. liz: mike, do we a favor. run in front of that camera if you hear they've at least

hammered out a deal that can be presented to the rank and file. >> reporter: you bet. liz: congress better get budget and financing squared away soon, because a huge chunk of money will soon have to go toward fighting something so new that it's p not even in the dictionaries yet. cyber jihadists. while some researchers are saying nearly every fortune 500 company has now been hacked or breached, a new report out of the u.k. is saying cyber hackers are a greater threat to security than nuclear weapons. so what we thought we needed to do is bring in former homeland security secretary michael chertoff. it's great to have you, sir, thank you for being here. >> good to be on. liz: let's assume every fortune 500 company has been breached. that means nuclear energy and grid companies along with defense giants. that, i think, is what concerns our viewers. your work involves anticipating the worst. how bad is this, secretary? >> well, it is true that many, many companies are breached, but let's be clear, that doesn't mean they've been totally compromised.

it may be everything from just some reconnaissance which was discovered to perhaps a compromise of a certain amount of data. that's a far cry from a nuclear attack. nevertheless, there's certainly a serious possible consequence if you had an enemy or terrorist group get into a control system and actually be able to affect the operation of a physical system. liz: okay. so i get that. but when somebody is perhaps looking and wondering and taking remember the old taking photographs across from the u.s. consulate in benghazi? i mean, that was right ahead of what exactly happened. so, to me, this is only the cyber version of that. we have nuclear energy companies -- and, by the way, american eagle outfitters is not one of them -- all different kinds of company like first energy, southern company. our viewers own these stocks, but they're also humans as well, as i stress. we are very concerned about this and how close are they to doing something that would derail

those companies including defense names? >> well, i think we're a distance from something that would derail the companies. the key here is the architecture of how your system operates. somebody may be able to penetrate a business system. it doesn't necessarily mean they can affect the actual physical operation of a nuclear power plant. and, in fact, the electric industry and the power industry is among the most focused on the issue of cybersecurity. so part of what we advise people to do is to make sure they're properly divided up or segmented in the network so even if you get a compromise let's say with respect to a business process or a payment process, it doesn't necessarily give access to the way the actual physical operation of the system is performed. liz: it's like several doors over a long hall. you can shut one door and seal off the rest of the hallway. look, sir, pharma and food industry companies are held to ingredient storage rules. should the rest of us be held to storage of data rules? >> i think the answer to that

is, yes. we're moving some in that direction, and there are requirements, for example, that personal data about people be held in a secure fashion. but we don't have a fully-developed set of standards yet. the department of commerce came out with some standards recently. that sets kind of a general baseline, but it's not nearly as detailed as it needs to be when you go enterprise to enterprise. the reality is the way you set your cybersecurity requires you to really understand what your key assets are, who the key threat actors are, what the consequences would be if there was a breach and a theft of data or destruction of data and then to build a series of defenses. as you said, liz, kind of like on a ship where you have a series of bulkheads that you can close so that a breach in one part of a hull doesn't sink the whole ship. liz: doesn't sink the ship. the senate is voting on a cybersecurity bill sometime this week. what's the number one thing you hope to see in it? >> well, it's a first step.

i wish this bill had some liability protection more generally for companies that do have standards that protect themselves. this is a more narrowly-focused bill on information sharing. but the key thing is, it does protect privacy, and it does create an environment in which the sharing of information can be done without fear of liability. and let me tell you why that's important. the key way you recognize a threat is if it's already been seen by another enterprise, the more quickly you share it, the more quickly you can raise your defenses in the government. without that kind of sharing, you're giving the bad guys a free bite at the apple with every single business, and that is very destructive. liz: cyber jihadists, can you even believe that is now a word sir? it's disstreeting to all of us who are -- distressing to all of us who are trying to live honest lives. >> we saw a story about someone who was hacking into databases to get the addresses of american servicemen and women that could

then be passed on as potential targets for jihadi terrorists. increasingly, we're going to see the internet is not just a recruiting tool for these extremists, but actually becomes an operational tool, and that's another one of the challenges we face in defending the country. liz: michael chertoff, it's great to see you, thank you very much. >> good to be on. liz: closing bell, we're 50 minutes away. a valiant effort at damage control. valiant pharmaceuticals trying to undo the massive bloodshed from the short sellers who last week compared valiant to enron. where did the short sellers get they are weaponry? we've got the guy whose report became the ammo. that's a fox business exclusive. you've got to hear how he did it. and if you follow me on twitter, you will find something that shows i'm in full self-depracation mode right now. we've got 41,000 followers. we need to get to 50,000. follow me @lizclaman, and on

there is a picture of something you rarely see on me on the air, but i have them every day, but you need to look at that. like our facebook page, facebook.com/liz claman. yes, it's a shameless effort to get you to follow us because it only makes you more informed. countdown coming right back, dow is down 21 points. you totalled your brand new car.

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♪ ♪ liz: 45en minutes before the closing bell rings. we do have all red on the screen. the nasdaq could not hold on to gains here, it is down just a point, but the s&p down -- we have got the dow down 27. xerox bleeding ink, posting its first quarterly loss today since 2010. the maker, we know printers, copiers, yeah, right? been around forever. it says it's, quote, reviewing its options. that's weird. that scares me. xerox has taken steps to cut costs and improve margins, the stock down 3%. quite the deal shaking the energy world, piedmont natural gas on the move after duke energy said it's buying the natural gas distributer for $4.9 billion, but that's not the only deal making headlines. take a look at i.c.e., intercontinentallal exchange, it's buying football be data

firm idc or interactive data corp. for $5.2 billion. shares touched a record high earlier today of $254.50 a share. and embattled pharma giant valiant's stock has not recovered from the allegations of fraud last week showing the damage short sellers can really, really do hurts. the stock is down another 2.25%, and this despite a long conference call this morning with investors and anybody else who wanted to hear trying to tamp down the drama. but it didn't work. fox business stocks editor liz macdonald has been following this soap opera. it's more like a tragedy at the moment for valiant. >> yeah. the stock, they lost more than half their market cap since august. i was on the conference call listening to it. heavily scripted, it's an all hands on deck call, and we've got a sound bite from the ceo on the call talking about the short seller, mr. andrew less, and his research outfit which basically

spiked the stock lower last week when it came out with a report. take a listen. >> sensational claims made by the short seller andrew left through his entity, citron, are completely untrue. his motivation is the same as someone who runs into a crowded theater to falsely yell "fire." he wanted people to run. he intentionally designed the report to drive down the price of our stock so he could make money for short selling. >> andrew left is now out saying people did go into the theater, they inspected it, looked around, didn't like what they see because he is essentially saying their bookkeeping practices right now valiant is saying they are within the norm, they are not channel stuffing, they're not padding their revenues. there's a really serious lack of disclosures about specialty pharmacies. they also said they're going to appoint a board committee to investigate the issues at valiant. valiant is packing that committee, though, with board insiders. so that's an issue too.

it's all about whether or not valiant is truly arm's length. and in their quarterly that they just released, they reveal the justice department is doing a probe, a separate probe of the payments allegedly made between bausch & lomb and medical professionals. liz: and the short seller that liz just mentioned, andrew left, couldn't have done his work as effectively if it hadn't been for a guy named rod boyd, the investigative reporter who broke the initial story. he is the founder of the southern investigative reporting foundation. and how he found out that there was something that didn't pass the smell test with valiant, he's going to explain that. could you use it to avoid investing in companies that maybe have smoke which turns into fire? he is coming up in a fox business exclusive. "countdown to the closing bell" is coming right back. we've got 42 minutes before the closing bell rings, and fresh polls out of iowa showing a new vulnerability for donald trump? his line of attacks on ben carson's religion may show he's

anxious. the donald, anxious? maybe. "countdown" coming right back. ♪ ♪ >> i'm presbyterian! boy, that's down the middle of the road, folks, in all fairness. i mean, seventh day adventists i don't know about. i just don't know about. ♪ ♪

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♪ ♪ liz: we've got to get to this wild swinging session so far for be canadian drug maker value whereabout. right now the stock is down 3.5%, got hammered last week, but even today as answers about its questionable business practices fail to calm investors, those investors still jumping from valiant's hip. here's what happened -- ship. here's what happened. we want to show you the pharma giant after hitting a record high many august, falling a little bit, but on october 16th things looked somewhat stable. closed at $177 a share. notice how shares start to slide

on, this is important, monday, october 19th. but then shares really take a waterfall dive on wednesday, october 21st, after the short seller citron research accused the drug maker of fraudulent practices by using its ties to inflate revenues, allegedly. shares went into a tail spin, now down 42% in one week, but what happened october 19th before citron's report? a guy named roddy boyd, who has been called one of the most feared financial reporters in america, put out the first warning flare that day. his investigative reporting on valiant came before citron's report, and citron then cited it, comparing -- calling valiant the pharmaceutical enron. what did roddy find out? roddy joins us now exclusively. good to hear from you, thank you. >> thank you for having me on. good to be here. liz: so you put out this report entitled valiant's big secret which revealed fishy eve knew channel -- revenue channels.

i need to ask right off the bat, who are you? are you paid by any of valiant's competitors? do you have donors who have questionable backing? >> sure. well, i'm an investigative reporter, run a 501(c)(3) nonprofit called the southern investigative reporting foundation. we trade nothing, we short nothing. this is complete nonprofit investigative reporting. it's primarily document-driven which is just we don't do a hole lot of people interviews, we just say, hey, that is where their documents say. no one is paying me. our donors, when we get them, are 50% small fry and 50% sort of retired people -- liz: are your, hold on, are your donors shorting valiant? >> no, they are not. liz: just wanted to get that housekeeping out of the bay. you used to work for fortune, for the new york post, so you know what you're doing. you did real gumshoe reporting here.

what was it that god your spidey sense? >> i like that. and thank you for using that metaphor for my 12-year-old son. i, it just -- liz, all i saw were just a question that had another question. you know, why is a company that is slated to do $11 billion a year in revenue, that's what they've guided analysts toward this year, about 11 billion, why is a company that size and with that profit and that high profile doing these ridiculous hidden, you know, revenue kind of connections? what are they doing? and no one there would answer anything, and it was very clear -- liz: well, roddy, the ceo, michael pearson, put out 90 pages today. did anything he said make you feel a little calmer about the questions you had, or did it make things worse? >> in my mind, it made it much worse.

he had a very easy strawman-type target to address, you know, market rumors about fake billing and stuff like that, and that gave him the opportunity to talk about a whole lot of nothing. and the bigger questions about why this happened and how much of organic revenue these little, silly, secret side channels represent did not address -- liz: let me just speak to our viewer audience. >> sure. liz: in a way, what they're being accused of is taking a blood transfusion from their left arm and putting it in their right arm. they apparently have a weird relationship with filador, correct? if you have a relationship with them that's questionable, those sales cannot count, correct? >> well, yeah, i mean, it's, it's just -- it's even more elemental than that. i mean, it's -- why on % are they trying to do this trans-- why on earth are they trying to do this transfusion? this is a fraught, kind of abusive relationship where

they're not supposed to be doing sales in a large section of, you know, california, quite frankly. and it looks to me like valeant is going to have to answer some ugly, pointed questions from federal prosecutors. >> roddy, it's charlie gasparino. >> charlie! >> how are you, sir? i'm old enough to remember covering enron. >> yes. >> this, to me, does not sound like enron, and i'll tell you why. these sort of specialty outfits don't seem material. they don't seem like chewbacca, remember that? or one of the off-balance sheet -- yeah, where they were just, you know, they were basically doing these sham transactions at a massive level. this doesn't seem like it gets there, don't you agree with that? >> no, i don't think so either. i think all this is just a way for them to keep their profits at a certain level. i don't want -- >> so they're managing profits. >> yeah. i don't believe for a second -- yeah, enron, those little side

sham deals were keeping the place, keeping the lights on >> this is just keeping their stock price high. >> so we should be clear here, i've seen this in the past where companies have managed profits. you do get dinged by the regulators, you might have to pay stuff back, but it doesn't put you out of business. liz: yeah. is anything they're doing going to get them into some type of trouble with the sec? >> oh, i very much think they're going to have to, at the end of the day like all companies, write a large check. liz: well, a large check doesn't help the investors who believed in this company and have watched this stock drop. do you have more bombshells that are about to to come out? [laughter] >> good question. liz: i'm a reporter too. i'm digging just like you. >> i am working very hard, with all due respect to those poor investors, they are amply warned, and they bought in. they drank pretty of sugar-infused kool-aid. i am working very hard to come up with more document-driven

reporting on this company. >> you know, it seems like, you know, if there's more shoes to drop from a regulatory stand point, if you're an investor in this stock, this is not a place you want to be. liz: well, it's scary. there's still huge clouds or more smoke coming out of this so-called theater fire. you know, you heard michael pearson today, the ceo of valeant saying we're going after andrew left and citron. are they going to go after you too? >> that would be the greatest gift that ever could happen to me in any career. i don't believe god loves me that much. that this company would come after me, because -- liz: because you say i've got it covered. i have proven that these guys were doing something very strange, very weird and under the table-esque. >> yeah. they're not going to come at me. they did not be mention me as having a problem. they will not go after andrew left. they are, however, you know, creating a nice document cloud for worried shareholders in the

united states and canada. liz: one last question before we go, roddy. >> sure. liz: we have viewers watching who don't own valeant, but they're worried, perhaps, i don't want to get caught in this type of thing. what should they be looking for when they own stocks? is there anything they could do that mimics what you did? >> yeah. well, i mean, when a large, rich company, relatively rich company like this cannot or will not answer basic questions about easy stuff like distribution, when you can't get a straight answer ever, i, you know, again, my job -- i'm just a reporter. if i was really rich or smart, i would be you two, but i'm not. and i would just say if you can't get good, straight answers, i would protect your capital and allocate it elsewhere. but, you know, again, i might be wrong on this. liz: roddy boyd, we're watching this closely. >> guys, pleasure. thank you. >> i think --

liz: everybody should read his report, the king's gambit, valeant's big secret, because he made 50,000 calls. people were evasive, they wouldn't even admit they worked at the company. >> you should know that, with all due respect to roddy, companies that aren't scams are evasive. they just don't like talking to reporters. they don't like talking about their relationships. i will say this, i think it's too much right now to say this is enron, okay? if it was enrob, you know, enrob was a whole different -- enron was a whole different situation. the reason why enron went bankrupt, one of the major reasons, is because it was basically a trading company. it was a hedge fund, and no one would lend it money. so that, it's a little different. we don't know how material these things are to its bottom line. they may be somewhat material -- liz: well, filador accounts for 44% of the revenue of a drug which is for toenail fungus. >> that's a very popular drug, maybe not with you or me -- liz: exactly.

my toes are perfect. [laughter] >> but i'm just saying that be careful about the enron analogy. it's hyperbole to a large extent. liz: that's important. >> roddy, he stopped short. listen, they wouldn't answer questions about their corporate structure, i came in, and he basically came in and, basically, brought out what a corporate structure of, what crazy corporate structure here, and that's where the questions are. this is a stock that's problematic, that's all you can say. that doesn't mean it's a scam, it's problematic. liz: yep, we've seen that before. charlie, thank you. 27 minutes before the closing bell rings. there was always a kid in school who had one, the camaro. a big day for gm as the new camaro rolls off the assembly line. there it is. the same day gm reaches a possible deal with the union? the latest details straight ahead. and treasury secretary jack lew warned us the government will run out of money next week, but could america's leaders be close to a solution?

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♪ ♪ liz: 22 minutes before the closing bell rings. looks like the nasdaq is going to be the only green on the screen, but can it hold? right now up just under two points, everything else in the red. pushing the pedal to the metal, gm has reached a deal with the uaw just minutes before the deadline. the tentative agreement with the union will bring higher wages to veteran workers, and that's the new camaro. you know what? there was always a kid in high school -- that's why i said that -- had the camaro, and that person was always kind of a jerk. camaros are hot. stock down just about 1%. crisis averted?

and we use a question mark here because this is breaking and developing news. senior white house officials and congressional leaders are reportedly nearing a deal right now to raise the debt limit and set the budget for at least the next two years. the agreement, we stress, mike emanuel told us this, fox news, at the top of the hour, it is not finalized yet. but leaders on both sides of the aisle hope to announce something just hours from now. now more importantly, what would that mean? it would mean avoid hitting the debt ceiling next tuesday, and the debt ceiling, when you hit it and breach it, is when the government runs out of cash to pay its bills and obligations which were already approved by congress. secretary jack lew penning an op-ed this morning, he's writing constantly lately, he's urging congress to act, quote: increasing the debt limit does not authorize future spending or fund new programs, it merely enables us to pay the obligations that congress already incurred. there is no way of knowing the full extent of the damage

defaulting on our obligations would cause for the u.s. and global economies, should be inconceivable to find out. let's bring in a democratic strategist and founder and president of new heights as well as michael goodwin. michael, i will begin with you simply because the republicans have been rather intransigent on raising the debt ceiling. what do you think? >> look, i think nobody wants to default, and certainly john boehner does not want to be that, that to be his final legacy. so i think he wanted to get that out of the way. it's a tough vote for a lot of republicans, a tough vote for the republican leaders because some of the rank and file republicans do not want to raise the debt ceiling even though as jack lew correctly says, this is for things we've already agreed to do. liz: christy, what do you think? we're less than eight days away now. >> right. i think congress will do what it always does is that they will reach a deal just in the nick of time. they are, and i say it again and

again, like a college kid who's writing his tapers at the very last -- papers at the very last minute, never gets anything done ahead of time but does manage to turn in something. liz: it's called pulling the all-nighter. we all did it in college. [laughter] let us get to the current people who are dying to be in charge and running for president. obviously, we talk about donald trump, ben carson, hillary clinton. but there is a fresh new poll -- this makes it three, three new polls mostly in iowa -- in essence, saying that ben carson is the guy right now. >> right. liz: ben carson. 32% versus 18% for donald trump, ted cruz is in third place. michael goodwin, again, do we put a lot of stock in this one? >> look, some. this is, as you say, the third poll that has carson out in front, this one by the largest margin by far. there's no question, i think, iowa is ben carson's stronghold. that is the base of his operations.

so on the other hand, if you can win in iowa, you get the momentum coming out of iowa, so it's always a big victory. it doesn't mean you're going to be the nominee, but it certainly keeps you in the game if you can win that first state. liz: well, exactly. and, remember, we had mike huckabee who won iowa, never won the presidency, rick santorum, same thing. christy, looking ahead who -- after the wednesday republican debate, cnbc has it, we've got the one november 10th -- who leaves after that? which one jumps out? >> yeah. it very well could be ben carson. although he has not had strong debate performances in the past. i think he really needs to do well tomorrow night -- liz: i said dumps out. i know he might do well. i mean who has to leave the race, christy? [laughter] >> well, there's a number of people who might have to leave the race. i'm going to look at chris christie who can't be quiet on the quiet car in amtrak, apparently, and hasn't managed to do very much good for himself lately.

obviously, all eyes on jeb bush, you know, who's -- it's all the talk today about how he's hovering at about 5%, can't seem to do anything right for his campaign. he's cutting staff. i think this is really, truly a make or break -- liz: i don't think he's leaving, but, michael, because he's spending money on commercials. but, michael goodwin, who do you think leaves? >> look, i think there are a number of bottom tier candidates. we mentioned huckabee before. again, because iowa was one of his big states, if he doesn't do well this time, lindsey graham, george pataki. there are a number of people at the bottom who are still there, and you wonder how much longer they can go without somebody funding them. but i think that for bush iowa is not as important as new hampshire. new hampshire, i really think, is a make or break state for jeb bush, and that is next february, so he's got a while. liz: christy, michael, we've got a while. we'll keep you on. we'll bring you constantly back. thank you, we appreciate it. >> thank you. >> thanks, again.

liz: so we want to issue this to you. if you get tied up watching the world series and the mets on wednesday night -- and who wouldn't? -- go ahead and miss that other network's debate because fox business will have you covered on november 10th. watch the republican candidates go at it tuesday, november 10th, right here on fox business. we guarantee we will get to the bottom of what matters to your money and all that comes with it in your investments. the closing bell ringing in 15 minutes. texas taking just a terrible pounding. hurricane patricia scratching her mark on the southwest as flood waters rise causing millions in damage. the latest details straight ahead. and the disaster of a totally different kind. steve jobs created one of the most successful businesses on the planet but couldn't drive apple deveau todays to the movie theater that weekend. why not? that's next on "countdown."

in panama, which is a city of roughly 2 million people, we are having 5,000 new cars being sold every month. this is a very big problem for us with respect to fast and efficient transportation. it's kind of a losing proposition to keep going this way. we are trying to tackle the problem with several different modes. one of them is the brand new metro. we had a modest forecast: 110,000 passengers per day in the first line. we are already over 200,000. our collaboration with citi has been very important from the very beginning. citi was our biggest supporter and our only private bank. we are not only being efficient in the way we are moving people now, we are also more amicable to the environment. people have more time for the family and it's been one of the most rewarding experiences to hear people saying: "the metro has really changed my life."

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♪ ♪ liz: oh, listen to this. it was a four-week-old movie in hollywood that's ancient, darling, that took the top spot at the box office this weekend even though five new movies were released including the steve jobs' biopic, and it flopped. film was given very high praise by critics and had seen early success in limited release, but ultimately, the film failed to capture audience attention bringing in just $7.3348. so what was on top? the martian landing back on top. who doesn't want to see somebody growing potatoes with manure created by astronauts? poopy. [laughter] i'm really mature. brought in $15.9 million. let us get to something extremely serious. remember friday we warned you that hurricane patricia was coming? well, the lone star state is

underwater because of her. remnants of patricia dumping more than a foot and a half of rain across texas over the weekend, the flash flooding wiping away the drought conditions that the state experienced this past summer but wreaking havoc as it did it. steve harrigan standing by in galveston, texas, where more than 1500 homes damaged. feast or famine when it comes to the rain there. >> reporter: that's right, liz. galveston got some winds that were over 50 miles per hour, that was enough to throw these sailboats up on the rocks also enough to strand a giant oil tanker. overall, the damage in texas is estimated to approach $3 billion. much of that is going to be in infrastructure, roads and bridges damaged by the flooding. at one point sunday, the entire downtown area of houstonen was pretty much cut off by flooding, and you could see raw sewage bubble up on some of the streets. there were 30 water rescues carried out in houston alone,

those rescuers doing a great job, no deaths from this storm, a storm that is moving quickly east. there are flood watches and warnings along the coastline in mississippi all the way to the florida panhandle, and texas still not out of the woods yet. we could see more heavy rain here at the end of the week. back to you. liz: steve, that is an unbelievable view of some of that damage. thank you very much. steve harrigan bringing the story to you. very important here as we see the closing bell ringing, nine minutes away. we are about to tell you what you could possibly buy in just the last couple of minutes. our countdown closer, you've got to listen to him, that's next. ♪ ♪ it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other

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so don't wait. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. this easy-to-understand guide will answer some of your questions and help you find the aarp medicare supplement plan that's right for you. liz: we're just minutes from the close. ashley is on floor of new york stock exchange. biggest movers, ash? >> a bit of a muted session as you see by major changes, liz.

on s&p we had 30 stocks hitting all-time highs. facebook, store bucks, mcdonald's. lockheed martin, on a day that is rather muted. what is dragging markets down is certainly energy. oil dropping just under $44 a barrel. that is a two-month low. the energy sector taking it the hardest. noble, necessary, con -- hess, conocophillips, exxon, chevron mobile all moving down. what about bacon? we heard from the world health organization eating bacon can put you at risk of cancer among other meats. oscar meyer brand down 1 1/2%. anything that tastes good for you, liz, is not good for you? liz: wait a minute, turkey bacon? you can do that, right? without nitrates.

>> everything in moderation. liz: everything in moderation, ashley, thank you. pay to play. equity markets can be hard to stomach with all the recent volatility. what is the case for not putting all of your money under the mattress or very low-yielding bonds? take it to, yes, tim courtney, essential weld advisors and cio. pay to play, i have to go into risky stocks to make money? >> looking across the board, looking at any kind of insurance for certainty of income and dividend, you have to pay a premium to get those. growth stocks are trading at about 5 to 6 times out of value stocks. if you want that certainty of income, of top-line growth, you have to pay a lot. we think you're better off following model that benjamin graham suggested. they asked benjamin graham, what

does it take to be good investor? supposedly, his answer was be a nice person. be a nice accommodating person. you do that when the market is coming to you, begging you to buy stocks at 50% discount, saying please, buy my stock at 50 cents on the dollar. you should do that. you will be rewarded over time. liz: sure looks like place would ask you to be a nice person to them because they're so discounted are energy names. they are completely beaten down. >> yes. liz: are you saying go too those? people have been trying to call the bottom constantly and they have been wrong. >> certain areas of energy look good, specifically mlps yielding in 8, to 9, to 10% ranges. liz: master limited partnerships. >> yes. they look attractive. basic industries an industrials which have been beaten down last couple years. they have basically done nothing last two years. those are trading at prices at this level can produce quite a

bit of good expected return moving forward. liz: you're saying we're in industrial session. go to there. a la, ben graham, warren buffett's beacon in the sky. warren buffett followed ben graham. those are cheapest places and still good companies? >> exactly as an investor we're rewarded for providing cap at that areas starve for it and these are areas starved for capital. we'll be rewarded providing capital to the areas. it may not be next year but over next couple years we will be. liz: you're a gutsy guy. what is keeping you up at night? what are you completely avoiding right now? >> i would say areas that are trading, most expensive areas are the bonds. and those really popular stocks, the biotechs, ones trading at multiple times earnings. you know those assets priced to perfection. we rarely get perfection.

those are, what i'm most concerned about. david: tim, you and i know wall street climbs a wall of worry. we have stocks on their best four weeks in four years. so, we'll see what happens. trees do not grow to the sky. there is another cliche. we've seen pretty good four weeks. good to see you, tim. >> good to see you. liz: tim courtney essential wealth advisors with a billion plus under management. that is it for "countdown to the closing bell." we need to get to david and melissa. they have a lot of news that matters right now. david: including a company that started in your own beverly hills, cake. cheesecake factory. that is coming out this hour. politics, ben carson may be ahead in iowa but don't count out the trump. "the donald" taking the lead in yet another major national poll. he is in hot water for comments on campaign trail. melissa: bacon, hotdogs, sausage being linked to cancer?

we have a representative from the north american meat institute to respond. there is a lot of money at stake. at steak. did you see what i did? david: yeah. just when you thought we may be out of the woods, more signs the economic recovery is still waivering. -- wavering. [closing bell rings] melissa: dow and s&p click lower. the dow down 26 points at the close. more than a 10th of a percent. gold higher. a mixed day on wall street. david: it is a mixed day. while markets wait for tomorrow here is everything you need to know right now. a brand new poll showing ben carson managing to hold on to his lead in iowa but donald trump showing strength in other polls including new app poll showing seven out of 10 voters think donald trump is the most electable republican candidate. while trump is leading without spending a lot of money, jeb bush's deep pockets are not