much for your perspective on these markets. we appreciate your time. we are looking at markets that have really had kind of a roller coaster ride today. obviously the dow is down more than 400 now. it was up more than 200, it's pulled back. liz claman, i got to tell you, when neil cavuto handed over the show at 2:00 p.m. eastern time, his exact words were casone, don't screw it up. i kind of did. liz: i saw that. i saw that. neil, why, for a nickel, i'd -- cheryl, thank you. i'll try not to mess it up. we do have a nice little knock-down, drag-out fight playing out between the bulls and the bears as we kick off this final hour of trade. right now, the dow jones industrials up 150 after having been down 458 points, after an early swoon. but we do have president trump speaking at an owens & minor manufacturing plant. they make masks and hospital gowns, other medical products.

they are outside allentown, pennsylvania. we will keep our eyes and ears on it in case any news breaks. in the meantime, as the president visits the keystone state, elsewhere, other states are taking more and more steps to get business back to normal. you have been hearing about it all day. but they can't do it without data. where are the covid outbreaks so they can douse them as quickly as possible. we've got a fox business exclusive with the company already helping governors around the nation set up digital cloud command centers. by the way, the stock is up 101% since april. you will meet the ceo. we will give you the name of the company. and the stay-at-home orders giving do-it-yourselfers a reason to exist. while husbands and wives around the nation roll their eyes, trex is a clear coronavirus winner in the home improvement craze. the deck material maker ceo is here on what everyone is rushing to buy. plus, we are live at the cdc as it grapples with covid's new

and terrifying symptoms showing up in children. how high gold and black gold are about to go. and charlie breaks it on his tweet heard round wall street on the goldman sachs merger chatter. less than an hour to the closing bell, let's start "the claman countdown." liz: breaking news. yes, charlie gasparino's report on yesterday's "claman countdown" livened up financial stocks which are hopping at this hour. take a look at goldman. it's only up 1% but wells fargo is up 6%, american express is up 6% and that is helping lift the dow, certainly. after some early weakness in the sector, the big bank names from goldman to wells, bank of america, all began surging. his report yesterday began with chatter and speculation that goldman could possibly merge with maybe wells fargo. but even as jpmorgan today

pooh-poohed that prospect saying it would never pass regulatory hurdles, charlie is reporting it's not just wells but pnc and blackrock and possibly american express could be potential goldman partners. then you had nat alliance's andy brenner telling clients fox business presiden business's reporting is what fueled the 600 point surge off the dow from the bottom earlier today. we have moderated a bit because the high of the session for the dow was a gain of 256 but we are still up about 195. let's get to some pop stocks as we call them, both up and down. it's the end of an era for delta. the u.s. air carrier announcing it will retire its fleet of boeing jumbo jets to save money. the stock is near a seven-year low. the airline says it's going to retire 18 of its boeing 777 planes, saying the move will help it stop hemorrhaging cash. right now their cash burn rate for delta is about $50 million a day. delta is down 1.25%.

you know, it's really been such a miserable time for the airline industry as air travel has screeched to a halt. if they are stopping purchasing of 777s or at least retiring them, what is boeing doing? it's down another .25%. remember, this is a stock that was close to $400 a share in the last couple years. it's at $121.29. both are down more than 65% year to date. all right. let's look at draft kings. look at this one, up 4.33% after coverage was initiated of the sports gambling company with a positive rating. the company releasing its first earnings as a publicly traded company. that happens before the bell tomorrow. the stock is trading right now at $27 a share. plenty to frown about, though, at smile direct club after the online dental company posted a bigger than expected quarterly loss. it's down 7.8%. with the u.s. employment picture remaining pretty grim, a

new report from oxford economics estimates that 15% of homeowners, because so many of them have lost their jobs, will fall behind on their monthly mortgage payments. that estimate is actually higher than the mortgage delinquency seen during the great recession. according to money manager thomas key, jr. of stock traders daily, an equity logic, yeah, we know how bad the labor picture is, we know what it could do to at least the housing sector, so you need only two investments to survive the next few months. the s&p 500 etf which is up about 9% since the start of the quarter, and a big honking pile of cash. all right. let's bring in our floor show traders and that do they make of this? sarge guilfoyle, i begin with you. which sectors are flashing the sell signals aside from housing and which do you see as screaming buys? >> all right. i mean, despite what you have seen today, despite what that gentleman said which is half right, half wrong, energy, the

financials, the industrials, some of the discretionaries, these groups are toxic. they are relying upon economic growth which puts a ceiling on how far they can go. they will be supported at some point by the policy measures that are put in place, but they are at best range-bound. the inelastic demand will be in health care, biopharma as well as technology, software, and you have to cherry pick from the communications sector. you need the internet and telecom stocks. retail investor who we are talking to probably on this show maybe doesn't have the time or expertise to pick their own stock, probably is better served by a nasdaq 100 tracking etf or nasdaq composite. you are talking about triple qs or omeq. these are the two that vastly outperform the s&p 500 and i'm going to bet going forward a year because in the s&p 500 you have these financials, these energy names, all these names you don't want. the triple qs are tech-centric

as is the nasdaq composite but it omits the financial stocks so at least you can focus on the leaders in these etfs even though i don't like etfs, i would rather trade my own stocks, but if you are a person who is going to use etfs, at least this way you can focus on what has led and what i think will lead. liz: i don't know if we can get the qqqs up. not that they are moving so much today but the nasdaq 100 opportunity there is very close to its 52-week high again. 52-week high for the qqq is 237. right now we are at 219. the low, 164. phil flynn, okay, for some reason we are looking at cabot oil and gas corporation. i'm guessing you have -- there we go. there's the power shares qqq. i like sarge's thinking. the s&p 500 is so broad, there may be real negative exposure to certain sectors but the qqq which by the way isn't all tech, there are some even banks i

think in the qqq, but what else do you like? >> i actually like both of those, to be honest with you, and i like the s&p only because the qqqs have outperformed by so much. if you are just getting into the market you might want to wait for a pullback before you start committing to that. on the etf factor. you know, but the s&p in cash, that's a great way to be. i think the sectors that are down in that are -- have a tendency to really come back strong as the economy starts to recover. i think what we have seen, some of the worst case scenarios already play out in a lot of those stocks in the s&p that have been beaten down. the ones that have been leading the way are still going to continue to perform. i think the s&p could actually have percentage-wise more of an upside at this point after the run of the qqq. having said that, let's talk about energy. i know sarge isn't great on energy right now and he's right. there's a lot of bad names in energy right now, absolutely. but we are seeing real signs

that some of these energy companies are going to make a good comeback, depending on what stock you are going to be looking at. the international energy agency today basically shocked the world saying you know what, things are really bad, the worst year ever, but we are seeing signs things are getting better already. that could indicate to me that the global economy's really starting to come back, maybe faster than people think. if that's the case, some of these energy names are going to be a bargain a few months from now. liz: yeah. yeah. i'm looking at west texas intermediate, up 8% in the aftermarket session. that i believe is more than a one-month high. nice move there, guys, great to see you. thank you very much. coming up, a stock that has defied gravity through the covid-19 crisis. the ceo of decking materials giant trex, brian fairbanks, is here. what is his business signaling right now about how homeowners are really feeling even as some

may not even be able to make their mortgages? we will be right back. the closing bell ringing in about 51 minutes. the dow, look at this, we are getting very close to back up to session highs, up 237. can we make it? this is a great day for the bulls, folks. 600-point swing and the government ripping off the red tape normally faced by drug makers and biotechs big and small as a new mystery covid-19 related illness affects children and spreads across the u.s. what the cdc, centers for disease control and prevention, is saying right now about that deadly inflammatory condition emerging in more than a dozen states. we will take you live right to the cdc next.

so i listen to audible almost any time that i can. it's my own thing that i can do for me. since i don't have time to read, i mean i might as well listen. if i want to catch up on the news, or history, or learn what's going on in the world, i can download a book and listen to it. i listen to spanish lessons sometimes to and from work. yea, it makes me want to be better. audible reintroduced this whole world to me. it changes your perspective. it makes you a different person. see what listening to audible can do for you.

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liz: folks, maybe part of the driver for the bulls at this hour is that it's not just titans like gilead and pfizer getting covid-fighting drugs fast-tracked by regulators. the red tape is also being slashed and burned for smaller biopharmas as well. look how investors are cheering. shares of a very small company called applied dna sciences are

soaring 61.5% right now after receiving fda emergency use authorization of its covid-19 test. the company is saying that the machine that runs its test can process 94 samples per hour and more than 2,000 tests per day. that is pretty fast. clinical labs in the u.s. can now immediately begin ordering and using this test to detect coronavirus. look at drug developer aim immunotech, surging about 23% after getting fda approval for its trial drug that treats covid-19 patients who have cancer, promising results sending shares higher by 8% and 10%. but there is a new development because covid-19 just keeps doing strange things. it's really every parent's worst nightmare. covid-19 infecting children. doctors in italy have found the first scientific link between the rare inflammatory disease in

kids exposed to the coronavirus. let's go live to the cdc, where jonathan serrie of fox news is standing outside in atlanta. what are they saying inside? this is terrifying many parents who are starting to see this in their own kids. reporter: yeah. it's definitely concerning. the good news is that children are still at very low risk of severe complications from covid-19. however, physicians are concerned that the coronavirus may be driving up cases of a very rare illness in children. it's called pediatric multi-system inflammatory syndrome or pmis. its symptoms are similar to kawasaki disease including swollen hands and feet, red eyes, cracked lips and a red tongue that sometimes may resemble a strawberry. more than 100 u.s. cases have been reported. the majority involving kids who either have tested positive for

covid-19 or carry the coronavirus antibodies, meaning they have been infected in the past. experts believe it may be caused by an uncontrolled immune response to the coronavirus. take a listen. >> as the body is doing its usual thing which is to make antibodies to clear an infection, it accidentally is revving up that antibody level too high or in an unregulated way so that that inflammation affects other organs. reporter: so the question is why are we just now noticing this increase in this rare inflammatory disease in children. one theory is that the virus has mutated, that we are dealing at least on the east coast with a european strain that may be a little more virulent than the one in china. but experts say perhaps a more likely theory is that this is appearing in kids who may have initially had the classic

respiratory symptoms of covid-19, they got over it, then they developed the inflammatory disease and until recently, their doctors may have just assumed these were unrelated conditions and not reported this possible link until now, and now this new research out of italy is adding to the growing body of evidence that there is indeed a link between these two conditions. liz? liz: i think the more we see, the more we learn, it's just very very worrisome. jonathan, thank you for keeping our viewers up to date. we've got the closing bell ringing in 42 minutes. look at the dow, holding on to gains of 227. again, i stress what an impressive turnaround this has been, considering the dow had been down 458 earlier. nasdaq, well, we've got some green on the screen but we are still continuing to watch that wiggle all over the place. same with the s&p. states and municipalities stampeding to set up command

centers that track every movement of the deadly pathogen. would you believe there's actually a trade there? coming up, we will tell you the stock at the forefront of the command center push. it's up more than 100% this quarter. you are going to see this company and the ceo is joining us live in a fox business exclusive. cisco is actually what's pumping up the dow very much aside from some of the financial names in this final hour. the internet and telecom equipment stalwart's upbeat guidance rewarded with multiple price target hikes. the work from home movement spurring beats on both earnings and revenue, as we all rush to connect and make sure we can work from home. cisco better by 4.25%. silicon valley giants have been working overtime to meet demand of the new covid-19 world order. tomorrow, don't miss my one-on-one with intel chief bob swann right here on "the claman countdown." how the world's largest semiconductor maker is capitalizing on huge demand for all things tech. that's tomorrow, 3:00 p.m.

eastern on fox business. ♪ ♪ ♪ ♪ happy birthday! so, it goes... ♪

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liz: news breaking this afternoon out of new jersey. governor phil murphy says get out the sunscreen, the famed jersey shore beaches and boardwalk will open by memorial day. he joins governors in new york, tennessee, texas and california in reopening their states even as the coronavirus still lurks and case numbers spike in texas and tennessee and a few other states. one thing they all will have, covid command centers. domos, the publicly traded company that sets up command centers to help identify new outbreaks and snuff out the flames before they engulf entire states to the point where once they're open, they have to close again, domo's cofounder, chairman and ceo josh james, joins us now in a fox business exclusive. welcome. josh, you don't get on a roller

coaster without a safety bar. as these states reopen, we are still seeing ups and downs when it comes to the virus curve. tell us how you help governments set up this safety bar in the form of these command centers. >> well, that's a good description. it has certainly been a roller coaster the last few months. you know, we were helping big companies, big public companies ceos understand the businesses like nike and target, and when they have big sales or when christmas shopping comes around, they need realtime data so when coronavirus comes, all of a sudden our pipeline drops in half, we're like oh, my gosh, we're like wait, we start getting phone calls from governors, can you do the same thing for us. yeah, we actually specialize in realtime data so for us, that safety bar is just getting you the information, getting all that information in your hands so you can be informed and make proper decisions. liz: all right. well, yes, and i was going to ask you, you do it for

businesses, too, because there is always that sort of danger of operational risk when there are emergencies like hurricanes and now we see coronavirus, but give me a sense of the life and death information that you can aggregate for governors of different states, because i would imagine they need it in realtime and they need it refreshed constantly. how do you do what you do for states? by the way, folks, the dow is up 307 right now. go ahead, josh. >> yeah, so for us, when we walked into some different states like iowa, for instance, one of the challenges they were having is understanding where the different cases are coming from, what parts of the state, which counties are having spikes, and you don't want to get that data five days late. who knows how much it spread in those five days so getting that information in realtime helps them to understand where to put different mobile testing facilities so that then they can, you know, of course just inform the citizens so that people can be more careful and cautious where they need to be

where there's outbreaks. liz: you've got operations in your home state of utah, also in nebraska and iowa. as i understand it, some of the numbers are starting to rise in nebraska and iowa. where are you gleaning or aggregating your data? is it from the cdc, the world health organization? how do you get the information that they need on the ground in their particular individual counties? >> so when we started, we first said okay, let's lo at every public data set that's out there. at domo.com/gov, i'm sorry, domo.com/coronavirus, we have all the data that's publicly available and it's available to anybody that wants to go to the website. and so what you're having in nebraska and iowa, when you start doing more testing, when you start getting more information, of course you will see a spike but it's not because there's necessarily a spread, it's just people just trying to understand what's going on out there. the thing they're asking us the most is okay, what we really

need to do is get back to work, get back to our lives, give us the data, help us understand how to do that. so then the states have asked us to kroet a bunch create a bunch tracing applications and help them understand how do they measure it and inform their employees. we have created back-to-work apps so we went from helping companies like nike and target to helping everyone get back to work. you can find that on our website, too. liz: well, your stock is mixed today but it's up more than 103% over just this quarter. it's fascinating to see and we always try and let our business news viewers know there is a trade. there is always a trade. i'm an interested to know as you look at everything and all the experience that you've had so far, is there a right way or a wrong way to reopen a state when it comes to this type of data? >> yeah.

there's definitely -- the wrong way is to just blindly peanut butter across everything and say we're open. the right way is to say all right, we can't spread from eastern part of our state to the western part of our state, so let's figure out where the hot spots are, and then be intelligent about the way we approach these things, and look at the data on a realtime basis. so literally, we pull data in every minute so you can be looking at data and also, you can have the machines tell you when there's a problem instead of having to have an army of people that's constantly looking at the data. the machines say hey, we have a spike in the northwestern part of our state compared to yesterday. then you can go and start looking at all that data, making different decisions. liz: josh, i love what you're doing. please keep us posted as you get more calls from different governors to help them set up crisis command centers, because we are in a crisis and we need command. thank you so much.

josh james of domo. d-o-m-o. nice performance with the stock lately. we have this breaking news just hitting the tape. look at walt disney stock. it is spiking right now, 2.25% after reaching an agreement with unions at walt disney world regarding safeguards for employees returning to work. shares of disney, as you see, are hitting $105.19. that is a session high on the news. but speaking of session highs, look at the dow jones industrials. we are up 311 points. all right. you think you're the only one concerned about paying your rent? with the closing bell ringing in 30 minutes, guess what? starbucks, you're joined by starbucks. starbucks is actually looking for a break on the rent, too. in a letter obtained by the "seattle times" the coffee giant's chief operating officer is asking its landlords to lower rents for next year as it continues to deal with spillover from the covid-19 crisis.

shares of starbucks are up just a fraction, but at $73.76, you're kind of midway between the low and the high of the 52-week range. starbucks stores have mostly reopened and now non-essential construction is allowed to make a comeback in many states. add that to the stay-at-home do-it-yourself boom and you have one company primed for action. trex and its ceo brian fairbanks are on deck in a fox business exclusive. that's next on "the claman countdown." this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. and people you can rely on. i'm a dell technologies advisor. me too. me too.

me too. and if you're a small business, we're with you. we are with you. we're with you. we want to help. so we'll be right here. at home. answering your calls. providing support. and standing by you every step of the way. bye bye.

liz: ahead of the beaches and boardwalks reopening on the famed jersey shore by may 31st, starting 6:00 a.m. monday, new jersey will allow nonessential construction projects to resume plus nonessential retail businesses will be allowed to

sell goods with only curbside pickup but at least they can get back to action. new jersey's gradual reopening is very good news for trex which mixes recycled plastic with scrap wood to create composite decking for outdoor decks. the company said it was impacted by lower demand in april in certain parts of the country, including new jersey and new york, before reopening, but despite withdrawing 2020 guidance, year to date the stock is up 23%. bryan fairbanks is the ceo of trex. he took over in april. wow. talk about baptism by fire. you take over and the first thing you got to deal with is a shutdown in many states. i've been talking to friends who were dying to do projects in new york city, they are not allowed to just yet, but tell me what the reopening at least of new jersey to nonessential construction means to a company like yours. >> yeah, absolutely. thanks for having me on this afternoon. we just had our earnings announcement about a week ago and we did talk about the five

main states that are an important part of our business that we have seen closures. we are seeing those states open, four of those states are opening almost completely and as you mentioned, new jersey will come back into play here in the next week or so, and there's good pent-up demand in those marketplaces. we are seeing those homeowners as they are spending more time at home, finding those areas to be able to upgrade their living area and be able to do it in an inexpensive fashion and increase their low maintenance living space. liz: you know, i know it's low maintenance because my decks are made of trex. no termite -- they will break their teeth on it, really. you really annoy the termites. i'm very interested to know obviously the factors that caused you to withdraw guidance because the outlook is so murky for many different companies, but if we had to pick a stock

that one would think might be hammered by the coronavirus shutdowns, yet has really defied gravity, it's trex. everything from quarter to date to month to date to year to date, you are well above your year to date earlier high. what do you think it is about the company and the stock? >> sure. we are hearing two things from our investors. first, in the near term, we do have visibility to what's happening in our channels and we are seeing strong demand. aside from those states where we've had some closures along the way, we have seen strong demand and we expect demand will come back in those states. that was incorporated in the guidance that we provided for the second quarter. but much more importantly, in looking out over the long term, the potential value generation by converting the very large wood market, approximately 80% of the volume of decking today

is wood and we see the opportunity to convert that market to trex products. last year we launched our enhanced product line with two different levels of product. one at about 2x, two times the price of wood, and another product at three times the price of wood which makes our products much more accessible to consumers. liz: yeah. and it doesn't warp. i'm living proof. i have it right on the deck behind me. but let me throw a little bit of a chill into this picture. oxford economics, we reported this earlier in the show, has said that some 15% of homeowners may miss mortgage payments. you know, you've got to foresee some foreclosures here. the airbnb culture, so many of them are being forced to sell their airbnb properties. because they are stuck, they have no money, they don't have anybody in them. there are massive cancellations. have you modeled for worst case scenario down the line?

>> sure. we have taken a strong look at various down turn planning scenarios. we have an advantage of we have been a very financially conservative company over the years and that allows us really to weather whatever gets thrown at us along the way. at the end of the first quarter, we had over $200 million in available credit line that we could use if things were to go in a different direction. so we are always mindful of that impact of that that's out there. liz: we are watching it very closely and it is one of those defiable stocks. i like to see this happen because it's a great product. we wish you the very best, bryan. thanks so much. congratulations on the ceo gig at one of the most difficult of times. >> thank you. thank you. appreciate it. liz: any time. of course. trex ceo bryan fairbanks. closing bell, we are now 20 minutes away. we have a very strong dow right

now. you know, just a few minutes ago we punched up about 306 points. we are up 248 right now. i said it was a knock-down, drag-out between the bulls and the bears. up next, charlie says 251-year-old financial giant may be considering a merger in order to keep up with the joneses. he opened up kind of a can of worms yesterday with this news on possible goldman sachs picking a new partner. now he's got more names to throw into the hat. that's next. make sure you check out my podcast, because i dropped a new one yesterday and it features the beekman boys. the number one thing these two guys learned when, a, they lost their jobs during the financial crisis, b, were stuck with a huge mortgage of a gigantic farm in upstate new york, and c, had a herd of goats running around. oh, let's turn it into goat milk and become multi-millionaires. yeah. they did it. uncertain times, we know you are facing them. so did they. get some inspiration. download it on apple podcasts,

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it's my own thing that i can do for me. since i don't have time to read, i mean i might as well listen. if i want to catch up on the news, or history, or learn what's going on in the world, i can download a book and listen to it. i listen to spanish lessons sometimes to and from work. yea, it makes me want to be better. audible reintroduced this whole world to me. it changes your perspective. it makes you a different person. see what listening to audible can do for you.

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call unitedhealthcare and ask for your free decision guide. learn more about aarp medicare supplement plan options and rates to fit your needs oh, and happy birthday... or retirement... in advance. liz: insider trading allegations against senators burr, loeffler and feinstein are heating up. richard burr, that's loeffler, but richard burr, republican from north carolina, has stepped down temporarily as chairman of the senate intelligence committee, as the fbi launches a criminal investigation confiscating his cell phone in relation to alleged insider selling of stocks ahead of the government putting out the worst news about coronavirus. but one senator is fighting back. charlie gasparino has that but

also the story of the day, charlie, which is of course, goldman sachs and you broke it on my show yesterday. give me scoop on both of these stories. charlie: let's start with loeffler because the goldman sachs story which did move the markets about 600 points, we reported it last night, you know, major write-through on it on fox business.com this morning, hit on it on cavuto and it moved stocks up again. but i want to hit on this first because this kelly loeffler insider trading story, personally, as someone who knows a lot about insider trading, i feel badly for her that she's caught in this. what she did based on every fact that i know and i'm usually -- it's not insider trading. it's not. she did not get information on the company, she got a senate briefing, stuff that a lot of it was out there about the coronavirus and then she sold stocks. i just don't see the insider trading charge there. but this whole issue is continuing to haunt her. it's hurting her campaign, it's

heating up, as you know richard burr, the other senator involved in selling stocks early. you know, he gave up, temporarily gave up his position, i believe, on the intelligence committee. he's not resigning from congress just yet. they all deny that they have done anything wrong but it's definitely hurting them. here's what we know. officials for both loeffler and her husband, remember, her husband is the head of the new york stock exchange, the chairman of it, jeff sprecker who basically owns the holding company for the new york stock exchange known as the intercontinental exchange, that press officials for both won't say if they have received any sort of contact from the doj and s.e.c. and we do know the doj and s.e.c. is looking at it so just the whiff of this could really hurt people, and i am telling you, liz, the facts don't show much insider trading here. that said, there's obviously an investigation. we should point out that loeffler tells fox business while she won't comment on whether she's been contacted by the s.e.c. or doj, looking at

these congressional stock sales, she does tell fox business she hasn't received a search warrant. i believe mr. burr has received a search warrant to see the electronic communications he made prior to stock sales, after his stock sales, to try to create a -- show a pattern of whether he might have committed insider trading or done something illegal. again, loeffler's people tell me she hasn't received that and what we have reported earlier in the week, as you know, i think exclusively on your show, is that she is thinking about going to the s.e.c. and saying here's the evidence, tell me if i did anything wrong because she's pretty certain she didn't, and looking for an exoneration. that would be a very heavy lift. the s.e.c. and other regulators generally don't do that. but again, i'm telling you, i look at facts and circumstances. you know, the senate briefing wasn't exactly a briefing that told you anything so dramatic about the coronavirus. it looks bad, but it's not -- i

just don't see the case here. be that as it may, her career, political career, remember, they chose her for that georgia senate seat because jeff sprecker's firm, jeff is a native of georgia, his firm is headquartered in georgia, he's a citizen, they thought she would get suburban women vote and she had money. it doesn't look like that's working out right now. now, in terms of goldman sachs, liz, i can only tell you this. they have had conversations with banks over the last couple years, particularly this year, u.s. bancorp, i hear they have had conversations for some sort of merger. they are smaller now than ever before. their business model is weak because they can't keep proprietary trading so they have to -- the theory is they have to do something. the names that are out there that goldman may be looking at, you know, teaming up with, and i'm getting this from senior banking sources, obviously u.s. bancorp, they have spoken with them. that's in the mix. but wells fargo, which needs a

merger partner as well. they need to compete against jpmorgan. other names are blackrock, pnc. those are the types of companies that we keep hearing that they are talking about and they are thinking of merging with, or at least having talks with. most of these talks, even with u.s. ban tl cocorp, get bogged because goldman is smaller yet they want to run it. usually the bank won't let that happen. liz: hey, charlie, charlie, let me -- you will be happy that i'm interrupting you, charlie. hold on, hold on, hold on. charlie, charlie, charlie. you will be happy i'm interrupting you. the dow is hitting a new session high on the banner that you have that says that your sources are saying president trump and his regulators might very well give this regulatory approval. i just wanted to let you know that. we are now up 340 points. charlie: that is the betting among bankers that, you know, listen, theoretically, this, meaning the wells fargo deal, the other deals could happen, but this meaning wells fargo,

wells fargo got involved in a scandal. it has caps on how much it could grow and buy stuff. the thinking is that in the trump administration, throw that out. if this deal makes sense economically, they will figure out a way to approve it or get the fed to approve it. i think it's the fed that has to approve it. that's the thinking. i don't think that's pie in the sky thinking. i think that's real thinking. again, all those banks that we spoke to had no comment. goldman had no comment. but deal fever aniis in the aird that's pushing markets up right now. back to you. liz: um-hum. yeah. having all kinds of technical difficulties. i'm moving my hair. it's okay. all good, charlie. now we do have close to session highs with the dow up 336. these home studios. ahead of coronavirus, never mind. our "countdown" closer thinks black gold and real gold are the perfect pair for your portfolio.

wait until you hear how high she says both commodities are about to go and when they will hit these levels. "the claman countdown" is coming right back. . .

♪. liz: well, remember as soon as coronavirus hit you had stores like walmart and kroger and home depot giving out bonuses? kroger will end its hero bonuses on may 17th essential employees were getting extra $2 an hour. they hired 100,000 people and increased wages to $15 an hour. we do have kroger stock down about 3 1/2% but it has been a winner win certainly when it

comes to sales as people go to the grocery store to shelter in in place. tesla has a new warning for employees who thought they might be frightened to go back to work. the stock is up 1 1/2%. cheryl casone has some news that may get some people down on tesla. >> liz, it is interesting. hr chief valerie workman, are called back in and decide to stay home could lose unemployment benefits. the carmaker resumed production at fremont, california plant in defiance of health officials. work mann says if you come back, you will not be on furlough. you would lose your unemployment benefits from your government agency. president trump weighed in. he supported musk's defiance with almeida county. the stock send it back to you, the stock up almost 1 1/2%.

the elon musk tesla sawing goo continues. liz? liz: oh, and a saga it is. always exciting moments over at tesla. thank you so much, cheryl. we want to show our viewers gold and brent crude. okay, brent is what trades overseas, right now, you are looking at brent up 6%. west texas intermediate which is oil that trades here, is also jumping pretty significantly in the after-market. gold is up $23 or 1 1/3%. where are the commodities heading? at least for crude it has been all over the place? that is the question we posed to ubs senior portfolio manager katrina zimmerman. where do you think the targets and are headed? >> thanks for having me on the show. this is very interesting time

for both commodities especially for gold because it is starting really strong. just as covid-19, just, they are in this situation started developing we saw immediately gold rise. that was followed by a pretty rapid, there were reasons for this. there were margin calls. there was liquidating issues with the u.s. dollar. as a result of this there is was a sell-off, we see that safe haven approach to gold coming back. investors feel more comfortable getting back into the asset class. it is not unique. we have seen very similar situation in the financial crisis. so coming back to your question -- liz: gold is at 1739 per ounce. you're calling for $1800 an ounce by june. for oil, we're looking at $32 per barrel by september. that is what you say. by the way we're hitting session

highs. i get a little worried about crude especially considering it was negative recently? [closing bell rings] i'm sorry. because we're having technical difficulties i can't figure out anything at the moment. i know one thing, that is the closing bell. markets closing at session highs. a gain of 378. folks this is a 700 point swing for the dow today. time for "after the bell." melissa: hopes for a possible treatment sparking a turn around on wall street. the dow turning positive after president trump revealed he believes the country may a vaccine by the end of the year. i'm melissa francis. connell: i'm connell mcshane. welcome, everybody, to "after the bell." it was quite a session on wall street as the stock market was able to reverse loss, steep early loss and end up around session highs firmly in the green. we'll talk about it with fox business team coverage.