your knowledge on both sides of the issue is invaluable. thank you very much for sharing that with us. folks, we are doing not too bad here from the lows of the session. there's something about this market, liz claman, the resolve we have seen over the last two weeks is pretty impressive. liz: you know, it really is. i know people are looking saying wait, what do you think, what's impressive about a loss of 300 points for the dow, but it is, considering we have been down so much more. charles, thank you so much. we do have to tell you that we did warn you that rear view mirror economic numbers would trip up the bulls and that is pretty much exactly what is happening right now as we head into the final hour of trade. cracks in the economy are starting to break open into kind of large caverns here and the markets are crumbling. the fed just released its picture of u.s. economic conditions broken down by region and it is pretty hideous across the board. employment in all 12 districts

that the hefed puts out, down severely. we will tell you the sectors suffering the most and no, it is not travel and leisure. as the dow jones industrials fall to about 323 points, that percentage is a loss of about 1.33% but look at the russell 2000 small and midcaps losing near double that amount. this selloff comes as the u.s. sees the highest number of coronavirus deaths in a single day, 2405. at the same time, president trump threatening to pull funding from the world health organization. coming up, one all-american fortune 500 company is doing the complete opposite. colgate palmolive teaming up to get its soap to a world absolutely desperate for safe hands. but it's the virus antibodies everybody really wants. coming up, this is the silicon valley disruptor that is

speeding up plans to launch its life-saving drones in america. the co-founder and ceo is about to show you, you've got to see this, how they have been delivering blood, plasma and medicine to remote regions in africa for years and how their drones can actually fight the covid contagion here in rural america. it's a fox business exclusive. and the gym is closed in your favorite spin and stretch classes are canceled, so why are you still getting charged and getting a bill? exponential fitness runs cycle bar, club pilates and more. its ceo is here on what he's telling his 1400 franchises about all those potential refunds. all right. could tesla really custom paint your company or even our show logo on its brand new cybertruck? wait until you hear what elon musk says about that. less than an hour to the closing bell. let's start "the claman countdown."

liz: we are getting this breaking news. a federal judge has just set a trial date for former theranos ceo elizabeth holmes. the trial will be october 27th in u.s. district court. this will happen in san jose, california. holmes is charged with defrauding investors, doctors and patients by claiming that her company, theranos, revolutionized testing of hundreds of diseases via proprietary devices that use just one drop of blood. the devices produced bogus results and now the company is defunct. let us get to the markets right now. we do have to tell you that oil prices take some focus here. they are in a free-fall after the international energy agency made it official, the bottom has fallen out from under global demand. crude oil prices are dropping in the aftermarket session right now after the iea unleashed its

brand new april report. due to the halt in all forms of mobility during the virus scare, this month, demand for crude will fall a record 29 million barrels per day, followed by a record drop of 26 million barrels per day in may. pair that with the biggest weekly increase ever in u.s. stockpiles and look out below. we do have crude oil falling at the moment, and the oil patch, look, it was already a mess but occidental petroleum is swooning after announcing that it is so desperate to preserve cash that it will pay warren buffett common stock instead of a $200 million cash dividend it owes buffett's company, berkshire hathaway. warren buffett's berkshire hathaway can sell the shares that it gets immediately, but it is not known just yet how berkshire will handle or whether it will go that route. occidental shares down 9.8% at

$13.43. berkshire hathaway stock down 2%. apple is releasing a cheaper iphone and it will be the, phone se. this in a move to appeal to now suddenly budget-conscious consumers. this as the coronavirus takes aim at the global economy and people are trying to preserve their own cash, forget occidental. apple will start taking orders friday with delivery expected april 24th. the price of this new discounted phone, $3,999. which us covered by the dow -- it should be $3,999, i believe. no? yes? it's $399. okay. $399. which is it, brad? not a $3,000 phone. all right. a dismal day for retail. not only did the fed's beige book of economic conditions say that the retail industry has been hit the very hardest of all sectors during the coronavirus crisis, but take a look at jc

penney's stock. it is falling 22%, it is now exploring bankruptcy as the plunge in consumer demand may force the troubled company to close more than 800 stores. a share of jc penney is now worth, at this very moment, just 25 cents. let's get to the maker of the very popular cups that keep liquid really, really hot or really, really cold for hours and hours. they use them in the outdoors. i use them in my car during the commute. well, they should be cheering the induction into the s&p 600 for friday, but that is overshadowed by roth capital's move today to cut it to neutral from a buy. we do have that stock down about 4.25%. roth cites channel checks indicating an erosion in consumer demand and high levels of inventory. let's put that into regular terms, folks. people just aren't buying enough so they are stacking up on shelves. on the bright side, d.a.

davidson raising its ratings and price target on canada goose, maker of the famed $1,000 parkas. it's getting raised but the stock is still swooning, down about 2%. bmo capital raising target to outperform, that stock down about 2%. bank of america is positive on ross stores but ross is down 2%. again, we will tell you, the federal reserve's beige book whi says not airlines, not travel, not leisure, but the retailers are getting hit the hardest. many of them, along with taxpayers and small businesses are getting their rescue checks right now and as that happens, we do know the majority of major airlines have now agreed to a $33 billion rescue package with the big four getting more than half of the bailout money. the agreement comes as airline passenger traffic absolutely plummets from just a year ago. we wanted to show you, go back to april 14th of 2019.

the tsa screened more than 2.2 million travelers in a single day. compare that to yesterday's total of just 87,000 travelers screened. while airline stocks initially popped on the news, investors still very concerned about september because people are wondering whether they will be right back before congress with their hat in hand, considering their worries that the virus will rear its head once again come the fall. let's get to our floor show traders. phil, i will get to you. the airline stocks are looking attractive to some and too dangerous to others. how do they appear to you? >> you know, i think they look okay. i mean, there are some airlines that are going to be in big trouble. look at this, this is a historic bailout and the airline industry at some point is going to come back. i don't think this coronavirus is going to change the world forever. i think people are going to start to travel. it's not going to happen right

away, but i do know this. it won't happen if we allow our airlines to go bankrupt. it will mean much higher fares in the future, it will slow an economic recovery. so i think it's the right thing to do this bailout. i think it's kind of interesting, the government unlike other bailouts, you know, they will take an equity stake in these airlines which i think is a great idea, because you know, when we bailed out the banks, they went from almost bringing down the global economy to all of a sudden making record profits and the u.s. taxpayer just got their money back. at least this time, the u.s. taxpayers will have some upside when this industry returns. and i think it will. liz: let me phrase this question differently to you, teddy. okay? i got a little trick question for you. which if you were forced to buy would you buy, the airline stocks or retail stocks? we got retail sales numbers dropping the most they have ever dropped since we have been

keeping track of this, 8.7% drop. so both sides have very ugly and opaque pictures ahead. if you had to buy one group, which would it be? >> airlines. i would buy the airlines, liz. i don't think in the 55 years i have been in the business, i don't think i have ever really owned a retail stock unless you consider costco a retail stock. it's just a sector i have never really had a lot of interest in. the airlines on the other hand i think are very interesting. sadly, i'm a stuck holder, not a stockholder, like a lot of other folks. given an appropriate amount of time, six months, a year, i think we will look back at the prices of united, american, delta, just to name three, and we will probably wish we had bought them and had a little patience. liz: yeah. i think some of your clients are on the phone right now, teddy. they want to talk to you.

guys, good to see you. thank you so much. teddy, phil, we appreciate you joining us. all right. the closing bell is ringing in, you know what, i don't have a clock. oh, boy. all right. so let's see, 49 minutes before the closing bell rings. we are all making our way in this brave new world of home studios here. we do see the dow down about sfoefr407 points. pandemic fighter generon hitting its highest level in a year. shares raised from $375 to $429. they are kind of behind this, it's $516 as the biotech moves closer to early summer human trials of a coronavirus vaccine and treatment. the stock is still down about 1.5%. despite today's initial jump, regeneron called in a bull/bear

tug-of-war after shares were cut to $409, still below the $516 you see now. could the key to solving the covid-19 crisis be literally up in the air versus down in a lab? up next, the drone delivery company that says it is ready to join the front lines of the coronavirus fight with proven technology that's already saving lives a world away in africa, by dropping medicine, blood, plasma, to the most hard to reach regions. "the claman countdown" is coming right back. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed,

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perhaps what is emerging as the safest and fastest way to transport antibody-rich blood to the u.s. and the rest of the world is via our next guest's company that has proven they can do it. the company is called zipline. it is the world's first drone delivery service that delivers blood, it's already delivered more than 60,000 vaccines, units of blood and critical medicines to the most difficult to reach places on earth. zipline delivers medical supplies, including blood, rabies vaccines, antivenom to thousands of the most remote health clinics in rwanda and ghana. they are looking to speed up their launch in the u.s. and because we have this coronavirus crisis, we know there are many rural areas desperate for any kind of help and sometimes they are hard to reach. zipline cofounder and ceo keller rinaudo joins us in a fox

business exclusive. keller, i have wanted you on the show for so long and now becomes the perfect time because you are pushing to get approval from the faa to do what you do. before we get to that issue, tell us how does zipline work? we have some video we can run concurrently as you explain it. >> great. thank you for having me. it's an honor. today, zipline is the world's largest drone delivery network. we deliver a wide variety of medicines, blood, as you mentioned, instantly to tens of millions of people and hundreds of hospitals and health facilities in a number of different countries. in those countries already, we basically have heard over the last few weeks that they needed help with covid-19 and so we started engaging with covid-19 response, delivering a number of different respiratory treatments, things that hospitals and health facilities need. they can all be delivered instantly by drone in a way that doesn't risk transmitting the virus between hospitals. so we think this is a really obvious kind of technology to use when there's a pandemic that's forcing people to stay at

home. it's a really good time to be using robots to make deliveries in a contactless and instant way. liz: all right. we are looking at the drones and it appears that they shoot from a very interesting kind of rack, right? explain the process of this and tell us how you envision it working here in the u.s. i can't believe africa has it before us. >> you know, it is an odd thing. i think we often always think the u.s. is going to lead in technology. this is an area where actually other countries are already doing this at a national scale. there's a lot of complicated technology behind what zipline does. we build distribution centers, we operate autonomous vehicles from the distribution centers, planes take off off launchers, accelerate to about 100 kilometers an hour, flying in a straight line autonomously out to a hospital or health facility, then deliver the product that a nurse or doctor needs to save a patient's life.

but in a high level from the health care worker's perspective it's really really simple. send a text message, you get the product you need to save someone else's life and all the complex technology we operate on the back end. how this can help in the u.s., right now, there's first of all crucial shortages of covid-19 products like protective gear or respiratory treatments that we can deliver more efficiently and safely between hospitals and health facilities. the second key way is that there are a lot of patients with needs who might typically go into a hospital who now need to stay home because we need to keep hospital beds open for covid-19 patients and because those are vulnerable populations. our goal is by working with a couple hospitals we are already partnered with, it basically extends the reach of hospital systems into the home. liz: well, finally, what can it hold? how heavy -- i'm an idiot. let me just say that right off the bat. could it drop a ventilator or is it more pints of blood, is it

masks and all kinds of covid-necessary things that you could drop into rural areas and when do you expect to be able to do this here in the u.s.? >> you know, we are all idiots when it comes to new technology. that's kind of the cool thing about it. each package we deliver weighs about two kilograms and each distribution center uses around 30 aircraft to do about 500 deliveries a day. each distribution center is delivering around 1,000 kilograms of protective gear, vaccines, blood, treatment, those sorts of things, every single day. we can deliver about 99.9% of the products that are typically moving through a health care system. and to answer your question about how soon we can get started in the u.s., the cool thing is actually, we have been partnered with the faa for several years. they actually have all the authority necessary to make this happen. we have been [ inaudible ] the last few weeks and it looks like we have a launch in the u.s. in about two weeks.

liz: two weeks. okay. that's the headline there. will you let us know, because we want to make sure that we follow this story. we are right there with you. good luck to you and the gang at z zipline. >> thanks so much. it's an honor. liz: keller rinaudo. the company is zipline. maybe a drone coming to you soon. with the closing bell ringing in about 38 minutes, we do have peloton kicking into high gear as we head into the close. ro roth capital partners initiating coverage of shares with a buy rating and a $38 price target. analysts note the momentum being created by the high tech bike maker's on-demand spin classes amid lockdown orders really have helped. so we are looking at peloton moving higher by 10%. wish you had bought it at 25 bucks, right? it's at $35.13. up next, what peloton competitor cycle bar is doing to

ride out the workout from home movement and keep itself near the very top of the spin class pack. parent exponential fitness, the ceo is here next. we will ask him are you still charging people when they can't get into the gym. america's oldest lighthouse has weathered many storms. seeing the break in the clouds before anyone else. together, we'll weather this storm.

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liz: breaking news. just as germany's chancellor angela merkel announces she will begin reopening her country beginning this coming monday, president trump has been spending this afternoon on the phone with business leaders. in fact, he just tweeted this out. he tweeted moments ago quote, we are having very productive calls with the leaders of every sector of the economy who are all in on getting america back to work and soon. more to come. we are looking at the dow jones industrials down 447 points at

the moment. how many of you have had a gym membership but then the gym closed down because of the coronavirus, and maybe you're still getting charged or maybe they have frozen your account? gym owners are really feeling the weight of the pandemic. the parent company of new york sports club is reportedly mulling a chapter 11 bankruptcy filing as nearly all of the company's 186 gyms remain absolutely shuttered, dark, closed, due to the coronavirus. town sports international, down about 80% so far this year, is said to be facing a maturity of $200 million loan in november. so everything is bearing down on that company. it's down 80% this year. you see now it's just a 34 cent stock. that as fitness centers throughout the country are reportedly, at least some of them, getting sued over membership charges even as they remain closed. as coronavirus threatens the $30 billion gym industry, one brand is looking to reinvent itself

amid the new fitness at home landscape. let's bring in the ceo and founder of xponential fitness, anthony geisler. for people who don't know, you guys own club pilates and cycle bar and so many others. good to see you. give me a sense of what you're doing with your memberships right now as a company that has a lot of franchisees. >> thank you. yeah, we decided in mid-march to really convert from the physical world to the digital world and we did that very quickly, because we already owned our own production studio and had our own production team. so we had thousands of hours of on-demand digital programming in our library. so we very quickly converted just into the digital world. still allowed our members to freeze our cancel if they chose to do that. interestingly enough, we had very low cancellation rates but we did have some freezes. so with that, we converted

everyone digitally. the other great thing we are able to do, owning eight different brands, is if you are a cycle bar member like yourself, and you are able to now convert to the digital world, we loaned out cycle bar supplies to people to be able to take home and consume our digital content for themselves and the family, then we also gave access to other modalities, yoga, pilates, things of that nature. liz: that's good. that, i think, is the way to handle this. because you saw what happened with new york sports club. they refused, then they were sued, then they said okay, now it's just a mess. give me a sense of when you feel it will be safe enough, anthony, what will be that moment that you are looking for where you say let me reopen the doors here, i will allow this? >> yeah. i think it's interesting because boutique fitness which in its nature is small and boutique, kind of got lumped in with the quote unquote, gym category with

big box gym facilitators. we really love to be de-coupled from that. obviously in locations like ours that are under 2,000 square feet, we sometimes have 10, 12, 15 members, we are able to facilitate temperature checks, hand sanitation, tracking people if we knew somebody was sick, a lot easier to do in a 1,000 square foot studio or 2,000 square foot studio than 30,000 or 40,000 square feet. so as soon as the governors of each of the different states, we operate in 46 states, we are dealing with a lot of governors, but as each of the governors allow us to reopen, when it's safe to do so, we will as well. we are still operating in south dakota as well as georgia at this time. liz: but you know what, i'm glad you brought up south dakota. they now have become a hot zone of cases because there was not a shelter in place order. so at what point do you as a

business owner say whatever the governor says, we're still not comfortable with this? >> yeah. i mean, from our standpoint today, so long as the governments say hey, it is safe to do so, we have left it up to the discretion of our franchisees, for them to feel that it is safe to do so because they are the boots on the ground. they know a lot better than we do what's going on in the towns. obviously places like the tristate area, california, washington, lot of these hot spots that everyone knows about, then soon some others will be developing like you said in south dakota which our hopes and wishes and prayers are with everyone that it doesn't deve p develop, the thing has hit its peak and begins to decelerate. liz: well, i like you guys. you got club pilates, you've got everything, pure bar, cycle bar, stretch lab, yoga.

keep us posted. we are very interested to watch the development. the gym story has been one that is very much at the forefront. anthony geisler, thanks. >> thank you so much. liz: the ten-year yield has fallen four basis points -- you're welcome -- four basis points in just the past couple hours. we are now at .62% for the yield there. closing bell ringing in about 27 minutes. teledoc getting a healthy boost at this hour after the doctor on demand leader said first quarter revenue would exceed estimates due to newfound coronavirus demand. shares currently up 8% as the s&p 500 and nasdaq fall. teledoc's not the only company cleaning up amid the outbreak. up next, the new salvo soft soap parent colgate palmolive is launching in the coronavirus war. stay with us.

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that he felt that he accused the w.h.o. of mismanaging the coronavirus pandemic and covering up china's role in its spread. consumer products giant colgate-palmolive is still moving forward. it has come out in support of the w.h.o. on its #safe hands effort by mobilizing manufacturing facilities around the entire world to produce and donate 25 million bars of soap to help stop the spread of the virus with special packaging, promoting proper hand washing. because folks, it's soap and water. yeah, we know hand sanitizer is great but let's bring in the chief clinical officer at colgate-palmolive, maria ryan, to talk about this. for the moment, let's put aside this battle between the w.h.o. and the president. that's not stopping you guys. tell us about the safe hands program. >> thanks, liz. thanks for having me on your show. you know, it's an important

initiative. to be quite frank, as a health care provider, our first line of defense is proper hand washing. so we are really happy to be donating 25 million bars of soap in support of the #safehands initiative which will get to families in need throughout the world. in addition to, you know, the pandemic we are facing, there's an epidemic with some good information and some bad information and we are happy that on this bar of soap, there is also an educational vehicle providing hand washing instructions through i ccons an pictures to overcome language barriers. so it's important that we get that message out and that we provide the soap to help people throughout the world. liz: well, throughout the world, colgate-palmolive, i hope people know this, you have products that we all know such as soft soap and irish spring, packaged

for countries everywhere on all the continents. you've got about 34,000 employees. what has life been like for them and you and how are they staying safe for the company? >> well, colgate is a very caring company. not only for the people that we serve throughout the world but also for their employees. the employee health and wellness are first and foremost and you know, we are taking all of the necessary precautions to protect our employees. many of us are working from home like i am, and we have restricted travel. but for those employees who are engaged in the essential on-site activities of actually producing all of these soaps that you have been talking about and other products, of course, in oral care and home care and pet nutrition which really are needed during this time, we have employed -- deployed additional safety precautions with

staggered work schedules, social distancing, we have put in additional hand washing stations, we provide ppe where necessary and we have enhanced cleansing and sanitizing of all these facilities and of course, we have screening by asking questions and doing temperature checks. so we are doing everything that we can to protect those 34,000 employees. liz: and sending out millions of bars of soap to protect the world. you are one of the few stocks that's actually up year to date. colgate-palmolive has seen a gain of about 5.2%. that is a big, big move comparatively to a lot of other sectors. maria, thank you. good luck to you and the company. maria ryan of colgate-palmolive. closing bell ringing in about 18 minutes. your logo here? all right. with the dow jones industrials

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liz: well, we know that it is very hard to consider thinking about purchasing a car or certainly a cybertruck made by tesla right now, because hardly anybody's driving. they're all staying home. but this tweet caught our eye. when asked by a fan in a tweet 'the forthcoming cybertruck and whether it will have colors, considering it's all stainless steel, elon musk actually tweeted back and he wrote quote, you will be able to wrap this truck in any color or pattern. not bad. well, some are speculating the

wrapping of a cybertruck could be used for pizza delivery ads or any kind of company logo, but we here at "the claman countdown" had a little bit of different idea. okay, i want that. i need a "claman countdown" cybertruck just to drive around like an idiot. all right. yeah. broken windows and all. thank you. you remember that. elon, just keep in mind we are waiting on that. tesla's stock is actually up right now about 2.66% or $18 and change to $727 and change following a surge in china car registrations, but also on this. goldman sachs has woken up and decided that tesla is a buy. they put out a buy recommendation and of course, that is putting a little bit of skip in elon's step. goldman has some other thoughts in mind and they are not necessarily good ones they have to focus on right now. their profits plunged. citigroup and bank of america as

well, they all came out with numbers and it has been certainly a very difficult time, and it's heavily weighing on the stocks at this hour. goldman shares are the only ones, though, in the green at this hour after its revenue beat expectations, despite quarterly earnings being sliced in half. goldman is up a quarter of a percent. citigroup down 5.33%. bank of america down 6%. what are america's banks thinking of right now? the financial giants have been playing this balancing game between keeping their own houses in order while at the same time trying desperately to help small businesses. charlie, they were a little late, some of the big ones, on desperately trying, but they are getting on board now. what are they thinking about at this moment? charlie: well, i mean, you have to look at it this way. there's going to be more stimulus coming, for small businesses. there's another trillion dollars being proposed in congress, that has to be approved by the white

house, but they are talking about another $1 trillion to $1.5 trillion in stimulus. some of that money, a chunk of it will go to small businesses. here's what we are hearing. why is this important? small businesses as you know, they comprise 50% of the american work force. the planning for the small business part of the last stimulus package, the $2 trillion, has been pretty you know what poor. not very good. small businesses, in terms of getting what's known as the ppp, the payroll protection plan check that's a low interest loan backed by the federal government, that could be forgivable, they are just starting to get their money now. here's the thing. the government blamed the banks for not being ready, the banks blamed the government for not giving them good guidance to get ready. you know, if you talk to bankers right now, we may have a repeat once they start doing another stimulus plan with some more ppp of what happened in the past. ppp money is just now flowing

two weeks later, almost three weeks later to the big banks -- to small businesses and according to the banks, they are getting almost no guidance. we are talking about major bank lottery groups, executives at some of the big banks, obviously, they don't want to talk on the record because they are heavily regulated, they don't need the hassle, but they are telling us, they are saying the trump administration, mainly treasury, is not giving them the guidance that's needed to properly handle these loans and getting them out to people in a timely fashion. that's why they were late. for example, wells fargo, it took days for them to get a waiver from the fed, from the treasury and fed to start lending because they had caps imposed on them based on their -- that phony account scandal. there's other many, many, i would say dozens of rules these banks have to follow that is stopping them from giving the money to the small businesses in a timely manner.

they would like some commentary from the treasury to fix that. the treasury, from what we understand, is radio silent dealing with the banks right now. they are not giving them much guidance. and the banks are telling us, liz, that if they don't get some more guidance, maybe some loosening of restrictions on how to give money to people, without maybe having to go through massive due diligence at the treasury and the fed in their guidance in terms of what was out there in the past for lending people, if they don't, we are going to get a redo and less money getting to small businesses in a timely fashion. now, why is this important? if small businesses are in deep trouble here, look at the earnings of goldman sachs and jpmorgan. on one side of the equation, is the lending to small businesses. they are suffering massive defaults. on the other side, it's the trade of goldman sachs and jpmorgan which is going through the roof because traders benefit directly from the stimulus packages, including the low interest rates and the money

printing from the federal reserve. that has not really trickled down to small businesses. so you are getting an uneven recovery here. you are getting wall street stocks going up, wall street trading making some money. if you just look at the statistics, just read the front page of the "wall street journal" and the "new york post" small businesses are going out of business and laying off. so again, it's between the treasury, the banks, the banks are saying the bottleneck is in terms of lack of guidance from the treasury. they need that guidance to start making loans and liz, i want to say this. small business people i speak to are commending our coverage here on fox business because a lot of other networks do not cover just how small businesses got screwed in this and maybe us just bringing attention to it will stop the bottleneck. it's the only thing we can do. back to you. liz: power of the press. i love it. that's what we're supposed to be doing, right? making wrongs right. dow is down 501 points.

we are heading back down at the moment but still off session lows. we'll be right back. . . it's a challenging market.

edward jones is well aware of that. which is why we're ready to listen. and ready to help you find opportunity.

so. let's talk. edward jones. it's time for investing to feel individual. liz: nasdaq down 126. low ever the session. 206. a loves 260 points. we're at least well off that. major averages hitting record after record. by february, of course, when they got knocked, the wind knocked out because of the coronavirus, we know one thing has happened to hurt a lot of stocks, that is shelter-in-place order. still very much in place for most of the nation and most of the world but when it comes to investors bring in kevin miller, cio of evaluator fund for shelter in place stocks. what do you like here, kevin? >> liz, we like proctor & gamble. we like clorox.

for people doing some streaming with children in the house, disney looks strong even though the theme parks are not open. we anticipate a year from now they will be a very good opportunity there as far as the stock recover. we also like microsoft and apple for being huge cash cows, with people accessing information over the internet to the cloud system via microsoft's azure product. as with upcoming 5g for apple products. liz: kevin, we have 30 seconds left. when you look at stocks, it is tough to catch the bottom. are you buying now? >> you can buy now. you have to have a rules-based approach. take how much money you want to spend, invest, invest a third of it now, market goes down, deploy some more. market goes back up, deploy the

remaining third. we think we're middle of a "w" recovery. [closing bell rings] liz: kevin miller, great to see you my friend. we closed down but definitely not out. the dow losing 451 off the floor. that will do it for "the claman countdown". melissa: the pandemic slamming the economy. stocks plunging as retail spending and industrial production dropped at record rates. i'm melissa francis. connell: i'm connell mcshane. welcome to the "after the bell." retail profits reported today, certainly dragging down stocks, we're down 2% on the dow, more than 2% for the s&p 500. we'll talk a lot about it with fox business team coverage. blake burman from the white house. lauren simonetti keeping eye on markets. edward lawrence with more reporting from washington as well. with the d