the dow trying to get a four-digit move here, 1,000 points. we haven't seen one of these kind of moves in a long time. it's not just the names, the more speculative names, norwegian cruise lines and things like that which obviously do extremely well with the vaccines but disney is killing it. watch that name into the close as i hand it to liz claman. liz: oh, yeah. you know what's killing it? just about everything. look at this move, charles. wow. it's great to see the dow up 921. if you are a bull. and it's really optimism that's behind the steering wheel right now, gripping it and driving right over any ugly piece of economic data in its path. what's in the gas tank propelling the engines here? higher energy prices, moderna's promising coronavirus vaccine test and federal reserve chair jerome powell ready to shovel more money at any problems that pop up. with the dow up 927, we are now well above the 24,000 mark at

24,615. the s&p gaining nearly 100 points right now. but you know what, moderna really gets a lot of credit here. it's just one, though, of dozens of drug developers working 24/7 on vaccines for covid-19. speed is of the essence and that's why they are turning to a publicly traded name of a highly specialized software company helping them put the pedal to the medal. the ceo is here in a fox business exclusive. as jerome powell prepares additional ammunition in the form of money to help the economy, could you hear the secret message he aimed squarely at congress and the president during his "60 minutes" interview? we are about to decipher it for you. speaking of president trump, as applications for jobless benefits soar, it is the restaurant industry that has already bled three million plus jobs. president trump meeting right now with restaurant owners and executives. he said he is going to take questions when he is done

getting the roundabout from the table on who's who. we are going to take you live to the white house when that q & a begins. less than an hour to the closing bell on this monday. i actually inherited a better number than what neil cavuto gave to charles. we will see if we can add on to it to start "the claman countdown." liz: breaking news. google moving higher by about 1% right now. the tech and internet giant has just responded to reports that the department of justice and a group of attorneys general, including headed by ken paxton of texas, are preparing antitrust lawsuits after probing the ebbing ttech giant's hold o online advertising. here's what we know. a google spokeswoman is in its response saying quote, we continue to engage with the

ongoing investigations led by the department of justice and attorney general paxton and we don't have any updates or comments on other speculation. google's stock is up 19% since just april 1st. i need to get more for you on that moderna breakthrough. not only is it propelling the stock market and its own stock to pretty much record highs, it's really what's giving a shot in the arm to the markets because it's the first vaccine to be tested in people and appears so far to be safe. the early stage test shows that the vaccine stopped covid-19 from replicating. that stock is up 22% to $81.82 for moderna. yes, moderna has gained an edge but globally, about a dozen other vaccine candidates are in the first stages of testing or at least close to it. all eyes as we see are on this effort, because we do have the drug makers in a mixed picture. gilead of course, remdesivir, that's not a vaccine, more of a

therapy, is moving lower by 1.5%. jnj up half a percent. sorreno up 1.33%. let's get to the financials. we are watching pnc's financial sale of its remaining 22% of blackrock. it netted pnc $16 billion, one sale, that i believe they had bought, yeah, several years ago now. it's a great return there. but this money that is now going to be in pnc's pockets is fueling speculation that pnc may use the proceeds to go on a bank shopping spree. kind of looks like pnc, which stock is up about 7%, is in at berkshire hathaway while goldman sachs is mostly out at berkshire hathaway. warren buffett has shed some ten million of its 12 million shares of goldman. the sale marks the end of an era when buffett plowed $5 billion into the bank's preferred shares during the financial crisis. goldman sachs not getting hit too hard here. it's up 5.7%.

it's not getting hit at all at the moment. the filing also shows that berkshire hathaway unloaded entire stakes in phillips 66 and travelers and trimmed stakes in jpmorgan, sirius xm and synchrony financial. those names are up at the moment. berkshire hathaway trading up as well by 4.5%. that's an $11,000 gain. berkshire's stock is at $264,740 per share because it has never split in 50 plus years. as pnc and buffett are dumping out of certain stocks, it appears hedge funds are ready to give up on the stay-at-home stocks. according to new research from pivotal path, hedge funds are quote, tiring of the stay-at-home trade. talking about names like zoom, netflix, peloton, wayfair, after these companies that popped more than 40%, so if you look at some of these names, zoom down 6.33%, peloton down about 9%. wayfair getting clipped by 12%.

netflix down .5%. netflix, less than the rest because they are hitting an all-time high on friday which we talked about but take a look at reopening stocks. a name like event bright, this is an event ticketing website. that move, 25.6%. apple which announced 25 more u.s. stores are set to open, apple is moving higher by 2.33%. then capri holdings, up 12.5%. that's the parent to luxury brands. under the umbrella, jimmy choo, versace which was downgraded by piper sandler, all popping on the prospect of reopening. state after state taking tentative steps. the investors who went all in on stay-at-home stocks, you don't want to be left holding the bag. let's get to our floor show. our traders have an idea of what you should do. phil flynn, what stocks are still worth the investment and which reopening stocks should

investors jump on now that haven't already seen too big a jump? >> the ones you want to stay in, peloton, that's one. that's done fantastic. i think that's going to continue. i think people are going to want that to continue to exercise, maybe stay away from gyms for a little while. but i think those ones are going to continue to go good. you mentioned disney. disney is flying today. not only are they going to benefit from the disney plus at home, with the big, you know, broadway musical "hamilton" coming there but with the reopening of their adventureland, what do you call it, disney land. when they start reopening those, i think that will be doing really good. i think the stocks you want to get in are the ones that got beat up, you know, during the slowdown. darden restaurants, for example, big chain of restaurants. president trump is talking to the restaurant association right now. he's talking about what they are going to do to bring this back. i think this sector is going to come back in a big way. i think after eating at home for

a couple months, people are going to go out and want to have that experience. i think the restaurants are going to come back in a big way. i think darden will really benefit from that. you know what, i think what this story tells us today, what we are seeing is optimism about mae america. i have been saying we will come back from this. we are seeing it in a big way and are seeing signs already in the stock market. i think we will see it in the jobs market very shortly. liz: yeah. look at disney, up nearly 7%. that's what happens when you slam the word "hamilton" right on to something. it's huge for disney plus. we do know one thing. broadway may be among the last to reopen. scott redler, looking at what's going on in the overall picture, there is a move perhaps for some people to get out of stay-at-home stocks. is it too late? let's remind people, the vaccine is not here yet and there could be a fall resurgence of

coronavirus. >> yes. there's definitely going to be bumps in the road, so the question is how active are investors going to be. phil mentioned the word peloton. we all know that went from 25 to 49 so for it to pull back towards 40 or 38 isn't the end of the world. if you sell strength, maybe you could buy some of that back because i do believe they proved their business model will work. as far as zoom, everyone's coming into that arena. i think the question is, did your business get enhanced because of this crisis, did it change, or is it just a flash in the pan. businesses like you mentioned netflix, netflix was already a proven model. yes, it got enhanced so maybe it has to consolidate but i don't think you sell netflix. same with amazon. amazon had a great run but it's been consolidating. i think amazon makes new all-time highs on the year. the names businesses got enhanced, okay, you stay in those. the ones that might have, you know, had a surge in profits because of this kind of one-off

event or multi-month event, those are the ones you have to make sure you are very, you know, just aware the risks are there that it won't come back. so many coronavirus names are up 200, 300, 400%, they may spike and you will never see these levels again. those, you want to stay away from. always stay involved in the macro picture in the market. you what i like? boeing. you want a trade, like a disney that's a fundamental, you know, blue chip name out there that's been crushed? i think boeing could see another 10%, 15% from here higher. >> the saudi wealth fund? they bought a big stake in that. liz: we are going to be watching boeing specifically, literally, in just a second. phil, scott, thank you so much. as we look at what is left here of the final hour of trade, look at the nasdaq, up 221 pounints right now. s&p seeing great gains, up 73 points. the dow, a nice 3.8% gain of 918

points. closing bell, 50 minutes away. yes, to boeing, boeing is flying high as the dow 30 leader after the ceo of ryanair, the irish airline, bashing airbus's pricing saying the irish carrier is close to giving up on airbus and is looking at increasing its orders from boeing. investors like it. up 12% for boeing right now. up next, as that search for a covid-19 vaccine gains some steam due to moderna, one company is sitting squarely in the middle of all the efforts by many other companies competing to be first to market with a vaccine. publicly traded, we are about to introduce you to veeva, a cloud software company that streamlines the search for a cure no matter what pharma company uses its services. it's a fox business exclusive. the stock is up 40% year to date. got to meet the ceo next. (vo) since our beginning, our business has been people.

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liz: we began the show by saying that these incredible numbers that you see on the ticker here with the dow up more than 900 points, the s&p jumping, the

nasdaq up more than 200 points, much of it is due to the fact that a company called moderna has had some early success with a possible vaccine. a covid-19 cure. guess who is helping them actually mastermind the speed with which they can bring this to market? the mastermind behind one of the world's most successful and innovative cloud software companies that helps more than 850 life sciences companies along with moderna bring new medicines and treatments to patients faster is a company called veeva. veeva works with names like moderna, gilead, merck, johnson & johnson, novartis to help them in their race for a cure for coronavirus and of course, so much more. in a fox business exclusive, we have veeva's co-founder and ceo, peter gassner. peter, wow. this must be a really great moment for you and the team that moderna has come close to this. tell us exactly what your role and what you do with your cloud company actually have when it

comes to something like this. >> liz, hey, good to -- thanks for having me on. yeah, exciting times overall for the life sciences industry. our customers, you know, customers as you mentioned, johnson & johnson and novartis and moderna, et cetera, boston scientific, they are working as hard as they can now overall to bring out vaccines and treatments and medicines to the world that need them so they are really working around the clock, and what we're doing is providing them cloud technology that they can help them do that faster. it's not only just producing the medicines but also educating the doctors around the world about those medicines, and that's been disrupted as you know, because you can't really go to the doctor's office anymore. that's quite restricted now. we are helping them to do much of that remotely when they can. liz: it's important, i think,

for people to understand exactly what it is that you do beyond what you have just described, customer service, whether things are working, safety, complaints, is that correct? you kind of aggregate it all with your cloud software. >> right. if you look at a life sciences company that is some important things that they do, they run clinical trials to prove if the medicine is effective and if it's safe. they produce the medicine in a very controlled and quite a complex way. they have to educate the doctors around the world about these new medicines so that it can be prescribed effectively. we help them in all three of those areas and since our software is cloud software technology, it's really good at helping them do these things remotely and that's very important now. liz: what's it like right now to be the ceo of a company that is

in the spotlight or even i guess you could say slightly on the margins but you're really in it elbow-deep, at a time such as this? does anything compare in the past to what veeva has experienced in this incipient stage? >> certainly a busy time for us. we founded the company in 2007 and have grown since then. right now, it's super exciting a time, a great time to be leading veeva because i feel like we can contribute so much to our customers and to society and to the patients. so we're working around the clock for sure, but we are keeping organized and keeping efficient and effective. in times like these, when you lead a company and have this opportunity, you certainly have to communicate more because things are changing so quickly. i'm really energized by it because i see, you know, this situation affects families and people differently, depending on their work and their life

situation, and i see people at veeva more affected than others, and the great thing is people are picking up the slack for each other. they are really helping out. i see that in our customers, the life sciences industry, even our customers who are competitors, they are partnering together with each other, helping each other out. i feel like the industry is really rising to the occasion and i'm really proud to help them do that. liz: well, from former paper boy to billionaire ceo that's really a part of the solution versus any kind of problem, congratulations, peter. we got to get to know each other better. i would love for you to be on our podcast. you are just the kind of story we love to tell. congratulations. >> very good. thank you, liz. thank you very much. liz: you're welcome. you know, peter gassner runs veeva. this stock is up about 40% year to date because it's part of this big effort, and the effort

is what's moving the markets right now. the closing bell is ringing in about 40 minutes. we do have the dow jones industrials up 922 points. listen, as long as i finish higher than what charles gave me, i'm happy. because we have a big competition. the l.c. effect, the c.p. effect. we should look at cruise stocks. cruise stocks on cruise control at this hour, as optimism that the worst of the coronavirus pandemic may be washed away is really propelling these names. carnival, royal caribbean, norwegian. boy, these have been hammered down, they are all up anywhere from 14.33% for carnival to norwegian and royal caribbean, up 17% apiece. there may be more behind today's rally than just optimism over possible vaccine. charlie gasparino here to break it down on "the claman countdown" next. to everyone navigating these uncertain times... whether you're caring for your family at home or those at work,

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liz: we do have quite the rally going on. take a look at the dow jones industrials, up 911 points at the moment. we want to let you know that what's going on on the screen involves ceos and top executives in the restaurant industry. they are at the white house, introducing themselves to the president. as soon as the president begins taking questions, we are going to go back there when that happens. why. because this industry is about 15.6 million employees, in it. just in the first three weeks of march, three million plus lost their jobs. gone. vaporized. because of the coronavirus lockdown. so this is a very important sector, it's a big business story. as soon as the q & a begins with the president we will bring that to you. meantime, i want to get to charlie gasparino. you have another reason aside from this positive news out of moderna on a vaccine for the rally today. let me guess, it has something to do with money, banks, ppp,

what? charlie: money, banks, sovereign wealth funds. underline some of the optimism that's going on in the markets right now, liz, is that middle east sovereign wealth funds are back in the market. i'm getting this from multiple sources who deal with these funds. this is the abu dhabi fund, the kuwaiti fund, obviously the saudi fund led by mohammed bin salman. these funds are in there buying. what are they buying? they are doing the stuff you would expect them to do but provides a natural floor to the economic catastrophe that goes on now and that's buying distressed assets. they are buying distressed assets in entertainment, in real estate. they are also buying credit, mortgage-backed securities and other securities that support certain industries, mortgage-backed securities obviously support the housing market. so they are in there, they are buying. again, this is something that will hasten the economic recovery once the pandemic -- because they will buy even more, they buy cheap now but that's the natural healing process.

they are in there buying. one place i understand they are not buying, this gets to one of the bigger stories today aside from the market being up 900 points, is softbank, which is taking it on the chin. as you know, they announced massive losses today. ma masayoshi son, the head of softbank, suspending the dividend. that's a done deal. there's lots of talk about them shedding assets including their stake in t-mobile. from what i understand, the middle east sovereign wealth funds have not committed to any more money to the first vision fund. that's one of the vehicles that they fund a lot of their investments, particularly in the tech unicorn space, or the planned second vision fund. i will say this. i'm just throwing it out there because we keep hearing it. they have no comment on this at the moment, but the gentleman who runs the vision funds, lot of people say he's still butting heads with masayoshi son. masayoshi son stuck with him in the past.

they have shot down rumors he's going to leave in the past but we keep hearing those rumors, the vision fund continues to bleed and continues essentially to sell stuff. you know, liz, i told neil this earlier. when le hishhman brothers was lg to sell its profitable financial asset business during the financial crisis, you knew they were in bad shape. when firms do stuff like this as softbank is considering selling assets that are doing okay including their stake in t-mobile, you got to really watch these companies. there's a problem there. so again, some positive news out of the sovereign wealth funds, they are buying, buying stuff, dipping their toes in the water and they are pretty active from what i understand. more than toes in the water. they are pretty active considering this situation. they are providing a floor to the economic decline that's going on across the world and in the u.s. they are not quite sold on anything out of softbank. softbank has some real problems.

back to you. liz: charlie, interesting story. you start to see the stress fractures in some of these companies and how they behave is very interesting with what they sell and what they shed. very interesting. thank you so much. charlie gasparino. once again, we are now looking at a 930 point gain for the dow. high of the session, 952. got to beat charles payne. he handed me 917, i think. neil handed him 905. i'm beating those two guys. okay. i need good vibes coming my way. closing bell ringing in 30 minutes. investors are eating up kraft heinz's latest bullish rating. bank of america boosting the u.s. food conglomerate to a buy with analysts saying shares could return 30% over the next year, thanks to the company's ability to take advantage of changing trends in the wake of covid-19 and a recession.

i say it's simply because everyone is making macaroni and cheese. shares are up 5%, call it 6% right now. $31 even. last night, don't know if you saw it, my whole family was riveted -- not really. but federal reserve chair jerome powell gave a rare sit-down interview to "60 minutes." while he said the federal reserve has plenty of ammunition to fight an economic recession, did he also send a hidden message to congress and the president so president? we've got somebody to decipher that when "the claman countdown" comes right back. look at the dow. now at session highs. go, go, go.

liz: all it took was another commercial break and look at the

dow jones industrials. we are now at session highs, up 966 points. the nasdaq better by 242. much of this is fueled by yes, positive developments as we have said with the moderna vaccine but also by market watchers who honed in on federal reserve chair jerome powell's words last night, when he sounded an optimistic note on "60 minutes" but while he says he does not give advice to congress, he kind of did. >> i don't give them advice on particular policies with ybut i say if i may that policies that help businesses avoid avoidable insolvencies and do the same for individuals, keep workers in their homes, keep them paying their bills, keep families solvent. liz: right. the fed can funnel money and lend money to market participants, investors and banks to keep liquidity coursing through so that we don't have insolvency but it cannot

directly impact people like the restaurant workers who are meeting with the president right now, or millions of others who have lost their jobs and don't invest in stocks. thomas lee is co-founder of fund strike global advisers and joins us now to interpret more of what powell was really trying to say here. what do you think, tom? >> i think the fed has been playing this crisis correctly, using the right playbook, which is introducing a lot of emergency measures, really communicating to markets that the level of effort and liquidity available to the fed is far beyond what they have already done to date so that markets don't have to worry. but as you are pointing out correctly, the fed can't stop the disease from spreading. that's the metric that chairman powell was following and he can't write checks to america which is where the suffering is taking place. liz: i love what you just said. you can't write checks to

america when you're at the federal reserve. the federal reserve is in charge of the money supply. they don't do what treasury does or what the government does. yet i would imagine that people in congress or at least some people in congress would say well, we have given a lot of money right now. look at the stock market, up 963 points. yes, that's people's 401(k)s. what is the counter-argument there? at some point we do need to continue to think about people who are still on the unemployment rolls. 36.5 million people filed for unemployment benefits. does that worry you? >> i mean, it's a tragedy. the world is shut down because of the virus that america did not ask for but the stock market doesn't have to collapse the way the economy collapsed, because we are not necessarily in a normal business cycle. i think the stock market's message is really saying as long as credit's functioning, and as long as too much damage isn't

being done during this shutdown period, the stock market's kind of telling us that there's a pretty vigorous recovery coming. i don't know when that starts but that's the message of hope that i think anyone who is currently not working should realize. the stock market is not about rich people getting richer. it's really telling us that the future isn't really that negative. liz: you have clients, as i understand it, in about 16 different countries. what are you hearing on the ground there, and who looks like they are pretty much forging ahead? >> we have really diversified client base, it keeps us up 24 hours because we are hearing from everybody all the time. i think that the universal message from everyone is really that the world is really uncertain because everyone's experiencing this crisis at the same time. maybe asia, a little earlier and europe, a little earlier, but not by much. but the good news is that in

places like asia, they haven't had to shut down the economy and there is some semblance of normalcy coming back. people talking about, you know, tennis clubs opening, kids going back to school and that sense of panic that you know, really gripped the northeast of the u.s. is fading. so i think that that's why i don't advise people to think that we are going to be in a lockdown crisis forever. it really will depend on treatment and vaccines but also, the disease gets controlled. liz: people want to know what the trade is now. we are up nearly 1,000 points on the dow at this moment. s&p is up 100. nasdaq is up 245. beginning of the year, we talked about so-called granny shots, you kind of do an underhanded bloop and it's a winner. give us your best shots that at the moment you think still have good room to run. >> well, you know, we still like the idea of trying to pick like

you said, the granny shots for our clients. you want to have as high quality growth names like apple and google, even names like tesla, but we also want to own some of the stocks that are at the epicenter of this crisis because they got unfairly punished during this crisis, but they are actually good businesses. that would be things like airlines, some of the big global investment banks, some of the -- even some of the restaurant names but even companies like temperpedic and consumer names. there's a whole swath of names that have not really recovered as much as the s&p has, and those are the ones that will make the bigger move once the recovery starts. liz: tom lee, i'm seeing deere, phillips 66, kansas city southern, monster beverage, lot of names. we will put them up on facebook.com/lizclaman. great to see you. thank you very much. folks, we are up 990 points.

can we make it 1,000, please? make the princess happy. we've got 19 minutes left to punch it up above 1,000 points for the dow. just as importantly, have you looked at oil, up 8.5% in the aftermarket. we are now at $32 a barrel. and shares of ride hailing giant uber are up at this hour, nearly 4%, despite announcing a second new round of job cuts. that brings the grand total to nearly 7,000 just this month. we'll be right back. every financial plan needs a cfp® professional -- confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional.

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liz: 1,000 points to the upside. the dow has just climbed that and right now, we're at 1,008

points. by the way, a gain of 1,000 makes it the tenth biggest point move of all time for the dow jones industrials. it needs to be at 1,048 to take over the ninth biggest but really impressive move at the moment as we do have optimism, the federal reserve saying they will do what it takes and add more liquidity, money, you name it, to make sure that this economy stays strong or at least stays propped up and of course, positive developments when it comes to a vaccine thanks to a company called moderna and moder moderna's stock hitting a record high. we cannot deny the lockdown has damaged so many businesses. uber among them. even as the ride hailing and food delivery company announces more job cuts, it is pushing for a merger with grub hub still. it's hit a few stumbling blocks but you are in the fox newsroom, cheryl. i'm interested to note if regulators would think this is okay. fascinating, right?

cheryl: exactly. uber is cutting, start with this, 3,000 jobs and closing 45 offices less than two weeks after they announced they would eliminate 3700 jobs. the stock is up almost 4.25%. this plan is to save more than a billion dollars in fixed costs. the ride hailing business has been decimated by the pandemic. a loss of 80% in april from a year ago. those are the numbers. you can't deny it. but a bright spot has been uber eats. it's impossible for that division, though, unfortunately to uphold the rest of the company according to ceo dara khosrowshahi. uber is in talks to buy their rival grub hub according to several reports. we are following that story for you. before coronavirus, uber had been on a path to profitability by the end of 2020. obviously that's not going to happen now. it's not just uber, though. their rival lyft said they would cut about 17% of their work force. they will initiate furloughs, slash pay as they work to weather the storm. they spent $50 million to buy

supplies for drivers, uber has masks, disinfectant spray, wipes. drivers will take photos of themselves wearing masks, put them into the uber app which is very important. at this point it's not just about safety, it's about survival for these companies. as the companies start to reopen, hopefully more uber rides will be part of that story. and lyft as well. liz: i'm sorry, i'm mesmerized by a 1011 point gain. really, really strong move. but very interesting, uber, yes. we do have an incredible rally here. we are at about 24,690 for the dow. that's a gain of 4.25%, equals 1009 points. with the closing bell now ringing in 11 minutes, as

markets rally, today's "countdown" closer says just because gold is down right now doesn't mean you shouldn't be looking at least at an etf that focuses on the glowing yellow metal. we will get a couple other etf picks from our portfolio tracker here that will get you clicking. "the claman countdown" will be right back. 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. 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.

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liz: seven minutes before the closing bell rings. okay. so the dow just jumped 1,023 points. that was the high of the session. that was moments ago. we are up 968. will we still see a 1,000 point move? we got a couple of minutes. got to hold on tight. even with today's move, the dow for the year is still down. take a look at this. the dow is still down just a couple percentage points here and let's call it 13.6% for this year, while the pro shares long

online short stores etf is up 43% this year. it is one of the favorite etfs of today's "countdown" closer. let's bring in mainstay capital management founder david kubla. this is impressive but it really reads what has been happening up until now. does this continue as it appears to be a fund that is pretty much short for stores that are now maybe reopening? >> yeah. we think it continues for a couple of reasons. the online phenomenon, what's been happening for some time and really coming into the whole lockdown with coronavirus, we had a government mandated shutdown of stores, even those who aren't comfortable going online to shop had to do so. so this was kind of a slam-dunk two months ago. but we think it continues to do well because online shopping will continue to flourish and we still have the fallout, unfortunately, for the

retailers. jc penney just filing bankruptcy on friday. so we are going to continue to see this for awhile, but we will see the long end continuing to do well. maybe the short end start to lighten up. liz: that's called the clix, c-l-i-x. what i also think is interesting is what's happening with gold. everything is up today. gold is down. we do have gold moving lower by about $25 at the moment. you like the bottom one here, the comex gold trust i-shares. it's had a lovely year. does that continue? >> yeah, gold hit a new seven-year high on friday. we are seeing a little profit taking today. we came in today with such good news. you have a vaccine for covid-19 that had very good results in phase one trials. after $2.6 billion in quantitative easing over the past two months, bringing the fed balance sheet up to $7

trillion, we had jay powell on "60 minutes" yesterday saying there's really no end to what we can do for the economy, and in terms of their tools that they have at their disposal. so we came in today, the stocks took off and never looked back. we will see on days like this, gold take a back seat to stocks. you will see profit taking. but gold, we are in a monetary and fiscal environment that is just right for gold. it is a clear winner in this environment. liz: yeah. you say gold is the clear winner. i want to talk about the i-shares russell top 200 growth etf. i'm looking at it right now. it's up about 2.25% today. quarter to date, it has had a powerful move of about 18%. what specifically in this with the small and midcap names do you really look at and say okay, i'm putting some money in this one? >> well, we think that when we look at this etf in particular,

these are the names that are going to continue to move higher as we work through this rebound. and we know that, in this rebound, that the large megacap stocks will continue to do well. we'll do well across the board. it is a clear winner in this rebound. liz: okay. david, lovely to see you. we always like your creative picks. put it on the liz claman facebook page. president trump is taking questions after meeting with restaurant executives and industry leaders at the white house. a sector hammered, terribly hurt by the coronavirus. let's listen in. >> as far as biden is concerned i can't tell you. only he knows what he knows. i don't think he knows too much i think obama and biden knew about it. they were participants so i'm a little surprised by the statement. i don't think he said quite the

way you said it. he said it if it was at this moment t was me i guarranty they would be going after me. in his case, this is continuation of the double standard. i'm surprised by it, i'm surprised by it. but that is where it is. i don't know what he said. you have to understand i was coming into this room as that statement was being made. reporter: interesting, he said we cannot allow this process the legal process to be hijacked by efforts to drum up criminal allegations, investigations of either candidate. he seemed to be suggest -- >> you would have to ask him what that means. i'm in no position to tell you that i have stayed away from it. i'm relying on the attorney general to do the job and so i don't know exactly what he said. reporter: disappointed there is no criminal investigation of obama or biden. >> i don't think disappointed but i have no doubt they were involved in this hoax, one of the worst things ever to befall

this country in terms of political scandal. i have absolutely no doubt that obama and biden were involved and, as to whether or not it was criminal i would think it would be very serious, very, very serious. it was a takedown of a president regardless of mee. it happened to be me. in my opinion it was an illegal takedown and but i'm going to let the attorney general make all of those decisions. i have stayed out of it because it is the appropriate thing to do. i wouldn't have to stay out of it as you foe but i've decided to stay out of it. so i would say that i heard that a little while ago, a few minutes ago. i will have to look at it exactly what was said, what was meant. i will say this, we have an honorable attorney general. he is going to do an honorable job. he is a very honorable man, and he will do a very honorable job but i am surprised only that i have no doubt, personally have

no doubt. i have no doubt that they were involved in it. it is a hoax. it started off with a russian hoax t it went to a ukraine hoax. it is a whole big disgrace. this country has better things to do. it is a disgrace. what they have done to this country with the phony investigations, the mueller investigation was a waste of time from day one. they knew it was a waste of time. it proved to be a waste of time. i think there are a lot of bad people involved and they should pay a very big price if they were caught. so we'll see what happens but i rely on the attorney general. he is a very honorable man. okay, any other questions? reporter: do you agree with peter navarro said the cdc let the country down in terms of testing? >> i think they worked very hard. don't forget, they have been here for many years. they don't work for me. they work for the country. they have worked very hard. we, when we took over in terms