really interesting, charles, as you were watching and as i was watching, the markets were waiting, waiting, and you saw it -- wait, we're down 200 points, we're down a 250, down 221, and then the next thing you know, look at us. we are now down just 27 points on this news that we have just watched unfold. citing everything from china's power grab of what was the previously-autonomous hong kong to the country's behavior during the coronavirus outbreak, president trump just announced a variety of orders including one squarely aimed at chinese companies whose stocks are listed here in the united states. but as charles said, we heard that just a couple of days ago from the administration. so as we look at chinese stocks, we've got green on the screen here, and our lows of the session we had seen the dow down 368, preponderance had been -- s&p had been down 31 and the nasdaq down 44. it is now higher by 50 points.

some of these well known names here in the u.s., these are chinese stocks that are listed here on u.s. exchanges. china mobile, it's up just under 1%. you've got lenovo which, of course, is a chinese company, down half a percent. alibaba is up one and a third percent. jd.com, that stock is also continuing to move slightly higher. as we look at some of these other names, alibaba still holding on to gapes of about 1.5. but let's look at the semiconductors, because one would argue that they are the most exposed to what could have been yet another trade war, but it just doesn't sound like that yet. we have green on the screen. a little bit of a relief rally for intel, up two and a third percent, invidia up two percent. so that's certainly a good sign when you see that those names including other names that are bigger when it comes to, let's say, trade-related, trade-sensitive stocks, everything from deere to caterpillar was that the fear

was that we would start to see yet another trade war or that the phase one of this trade war was said and done, over. we didn't hear that at the moment. as i mentioned, now look at the dow jones industrials. it has now punched into positive territory, up 11 points, after having been down more than 300. i will say because we were all watching it that when the president began speaking,, the dow was down 145. it went as low as a loss of 280, but certainly it's important to note we don't see any red at the moment in the major indices. you're looking at i shares and etfs of chinese-focused names, up one and a third percent, china internet stocks up three percent. blake burman was there in the rose garden as the president unfolded, i guess, a list of things that really didn't sort of meet the rhetoric that had really been ramped up, but the markets as you see are recovering on the notion that

we're not seeing what could have been the start of yet another cold war. the president, of course, just making that statement a moment ago, and now we have the dow punching higher by 40 points. previous high of the session was really just a loss of 37. low was a loss of 368, so we are seeing new highs. and, yeah, i'm going to go ahead and call that a relief rally. you know, it was just around this time yesterday that we saw the markets reverse. we had been up triple digits for the dow, we lost it yesterday. and we were not quite sure whether it was the announcement of new possible regulations against, you know, twitter and some of the social media name or this announcement that he would have this meeting today. to blake burman. blake, what do you make of what has been announced and, again, the rhetoric was a lot hotter than what we just saw unfold. >> reporter: i just got here from the rose garden, liz, so apologies if i duplicate anything you say. the relief rally there, think,

is in part because the u.s. is staying in the trade deal. that was one of the big questions. when president trump was asked about this yesterday the oval office, will you be staying in the trade deal, he didn't answer it. he didn't say yes, he didn't say no. he came down here today with a lot of policy tools that the white house had been telling us that they would have at their disposal giving to the president because of what has been unfolding in hong kong. we saw some of those policy tools that the president just unveiled. we also saw the president talk about china's handling of covid-19 and how the u.s. would react, in part pulling funding from the world health organization. so you had a twofold, sort of a twofold response from the administration; covid-19 and hong kong. but the trade deal hasn't been touched. and that, i think, is one of the big overall head reince here, one of the big takeaways here even though, liz, you have to wonder what the relationship between the u.s. and china will be going forward in the immediate days, weeks and months

and speaking of months down the mind, liz, keep in mind we are roughly, give or take the, about 150 days from election day. what you also just saw today from the president, i believe, is part of his message going forward as it relates to china, his administration's stance and china's handling of covid-19. liz? liz: blake, thank you. thank you very much, blake burman. the dow up 71 points, we watch this rally start to up fold. again, we're now seeing a swing of about 40 points from trough to peak. all right, let me get you some important stock stories that are also developing right now. twitter slapped a warning label on the president's tweets about shooting looters in minneapolis. president trump uses the microblogging site to rail against it. the feud between trump and social media companies escalated overnight after trump signed an

executive order threatening to regulate the sites. down another, let's call it 1.8%, that, of course, hits twitter investors with a two-day loss of about let's call it 4, 5, 6%. yeah, because yesterday down about 4 and change percent. when is a loss a gain? when it's mauler than analysts -- smaller than analysts anticipated. moving higher in this final hour of trade after narrowing expected profit losses. the secure log-in management company reported a revenue beat as well, so you've got that stock jumping 5.5%. the view is so bright, gopro's got to wear shades, the action camera maker's new zeus mini light is a hit. the magnetic waterproof clip-on light is described as insanely convenient. driven by its hero 8 black camera, so the stock is being driven to the upside by nearly

5% investors are partying with party city in this final hour of trade. the stock is surging after party worked out a bondholder agreement that will deleverage its balance sheet by $450 million. the stock is $1.28 a share, but it's jumping 25%. plus, while shuttered during the lockdown, its stores quickly instituted curbside balloon deliveries during this key graduation and wedding season. i have a senior graduating from high school, i will be waiting curbside -- [laughter] at party city. all right, we've got the closing bell ringing right now in about 43 minutes -- 53. 53. boy, that went quickly. dell another winner in the work from home environment. the pc maker is on the move after first quarter sales of its desktop pcs, notebooks and tablets rose 2% thanks to people rushing to set up home offices for remote work. dell's stock up 7.75%.

a rare remote q&a with fed chair jerome powell reveals the central bank chief's admission that his team crossed red lines in their emergency moves during the pandemic to shore up the financial system. allianz chief economic adviser mohamed el-erian is is here over whether he sees some unintended consequences from that move. and we will also ask whether he thinks we're now in the clear, away from a potential new cold war with china and whether you need to invest with the possibility that we might not be in the clear. that's next. with the dow up 63 points, we're coming right back. ♪ ♪ ♪ limu emu & doug

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the phase one trade agreement, nor did it slap any new tariffs on china at least for now. let's bring in wall street's most closely-followed economist, allianz chief economic adviser mohamed el-erian with us live. thank you, mohamed. earlier, i have have to tell you, we got an early taste of what a new cold war would look like for investors, and it was a pretty bitter taste. are you thinking that we're in the clear now, or are you still worried, and will you invest accordingly? >> we're not in the clear in terms of tensions with china. there are longstanding, general win grievances. they're just going to simmer, and they're going to explode every once in a while. it's part of a degloballization process that we're going to go through. as to the marketplace, i was actually puzzled as to why the market reacted the way it did going into this because it's not as if global trade booming, and this would change things. i think what you're seeing more than anything, liz, is at these

levels of elevated valuation, some in the market can get nervous quite easily. but the underlying optimism is still going to be driving us for a while, and that's based mainly on the fed, liz. liz: when you think about the first couple of days of this week, mohamed, there was so much optimism simply from states reopening. but i'm glad that you transitioned to the federal reserve. we did have jay powell speaking today in that virtual discussion with alan blither over at princeton university. and, you know, he said that the fed is days away specifically from making the first loans in its main street lending facility. he's also made this interesting admission where he said we know that we crossed red lines in our emergency moves to make sure that the financial system and the plumbing underneath it would remain clear and moving. do you see any unintended consequences from having crossed the red line by the federal

reserve? >> so they crossed the red line, as we know, to restore normal market functioning and to open the market to credit issuance. and we've had a ton of borrowing by companies. and what they're trying to do, rightly, to stop liquidity problems from becoming solvency problems. but in doing so, they are risking future financial stability, and they're risking the functioning of market. it's really important, liz, to remember why we have a stock market. it is to allocate capital efficiently, it is to mobilize capital, and it is to price risk efficiently. and that is critical to our market system. the more the fed intervenes with that process, the more we should be worried about long term. so the important thing is for them to understand that there are up intended consequences -- unintended consequences, and

they shouldn't go too far. liz: well, i have to tell you, we saw only interesting up intended consequences, not all of them bad, from the stimulus. we got personal income and spending, perm income was a surprise -- personal income was a surprise jump of more than 13% because, of course, the government was sending everybody stimulus checks. you actually could see the transfers from government to people's personal bank accounts. so that was a sort of a positive move that people did not expect. however, personal spending pleatly cratered to all-time -- completely crateredded to all time lows. i would have expected that because we had so many states under lockdown. the savings rate ticked up, which i thought was interesting. are there investment plays you can make from what we saw from this april data? >> the most important call on this data is why did people not spend. is it because they were -- couldn't get out and spend, or is it because they were afraid?

and you and i are looking at these reopenings not only to assess what's happening on the health side, but to ask how are people reacting, how are businesses reacting. so we're going to get more data. i suspect that people mostly didn't spend, and the saving rate shot up, and personal spending came down by 14%. that's a record, as you just pointed out, because people couldn't spend. hopefully, we're going to see spending pick up. but let's not fool ourselves. this is a check mark recovery. it's going to be long, it's going to be slow, and the hope is we can just keep it consistent and policies can accelerate the process. liz: yeah. would you invest in the safety of treasuries as we wrap up here? >> i would invest in short-term treasuries, but you're not going to get paid much. i think you've got to be careful not to go somewhere else simply because you're not getting paid. sometimes it's better to do nothing than do something.

[laughter] liz: yes. you know, as they say, you know, on the stage in theater don't just do something, stand there. mohamed -- >> correct. liz: -- good to see you. mohamed el-erian of allianz, thank you so much for joining us on this friday. the closing bell, we now see it ringing in 43 minutes. we've turned negative again, not a surprise considering there are many headlines, and maybe people just aren't sure, as mohamed said, what will happen between the u.s. and china and the ongoing tensions. for now, the dow is down 19 points. major valuable payloads for both the spacex rocket and elon musk. the billionaire visionary and ceo of spacex adding to his wealth with a massive boost in tesla pay as spacex gets set to send american astronauts to the international space station saturday. details in just a moment on that. and blood money, the hottest new commodity may be

coronavirus-tainted blood. find out what the cleave clinic ceo -- cleveland clinic ceo and president says about running plasma trials of its own as the price of liquid gold spikes on the open market. we're coming right back, stay tuned. ♪ ♪ that's why fidelity offers dollar-based trading. buy what you want based upon how much you want to spend, even if it's just a slice of a share.

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♪ ♪ liz: wow, tesla's ceo elon musk is set for an electrifying payday. quite frankly, benchmarks a lot of people thought he might not hit including keeping tesla's market capitalization at an average of $100 billion for six months straight. well, he did it. he has now earned the first of 12 pay tranches which includes the option to buy about 1.7 million tesla shares at around $350 each, they're at 826 right now. equaling the profit of around

$775 million for the electric vehicle innovator. so tesla's up 2.5% to $826.48, to be exact, and today its market cap stands at $15 is 3.3 billion -- 153.3 billion. so if that doesn't cause hum to dance around doing walk like an egyptian, he does have to get one more milestone over the hump here. after being scrubbed on wednesday, elon's spacex crew dragon capsule set for blast off just 24 hours from now. this will be the first manned space flight on a commercial vehicle are ever and the first to launch from the u.s. since 2011. liftoff is scheduled for 3:22 p.m. eastern tomorrow, weather permitting. let me just stress that, ashley. weather permitting. you know florida weather, ashley, right? [laughter] >> reporter: yeah, i do. this time a year, good chance

for afternoon storms. we'll is have to wait and see. all right, glue mobile t-mobile gaming -- the mobile gaming company raising second quarter guidance as three of its top games, disney's sorcerer's arena and kim kardashian hollywood -- who's going to miss that one -- they continue to exceed expectations. all three setting several daily booking records since the first quarter report. nordstrom, though, slumping into the close. a 40% drop in quarterly sales due to pandemic closures certainly weighing on the luxury department store chain this hour. nordstrom planning, though, to reopen all its stores, it says, by the end of june. the covid-19 crisis also weighing on tyson, the meat producer temporarily closing one of its iowa pork plants after 555 employees test positive for the virus. tyson looking to resume

operations next week, after sanitizing that plant. all right, coming up next, liz will take you to the front lines from the middle seats of the new coronavirus line. what the ceo of the cleveland clinic says it will take to get all americans back into the workplace safely and also back on airplanes. "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, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us.

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to private labs. one teaspoon has about 5 milliliters, so we're talking about a very tiny amount. should covid survivors' blood be treated like a commodity on the open market when more than 100,000 americans have already died from the virus? let's bring in dr. tom, he's the ceo and president of the famed cleave clinic which is -- cleveland clinic which is conducting studies of its own. thrilled to have you here on so many levels. i know you're in the very early stages of a study. how are you using plasma from recovered patients? >> well, liz, thank you very much for having me. we're losing -- using plasma from recovered patients as a part of clinical trial. it is not an established therapy, but it has its early promise. this convalescent plasma is enriched with an antibody of patients who have survived and recovered from covid infection, and it is primarily used to treat patients with severe forms

of covid-associated disease, primarily those who are in an intensive care unit. liz: well, we're hearing from some other hospitals -- one in new hampshire -- where it appears to work when you inject very seriously ill patients with covid antibody-rich blood. but, you know, we're now also hearing stories of private, different blood banks or different pharmaceutical companies that are paying people in $800 gift cards and $1,000 checks just to donate their blood. is there anything unethical about that? i mean, how does the clinic view something like that? >> well, we do believe that this is very early stage of our clinical investigation in the use of plasma. we would not support any financial reward for plasma donation. this has to be done in a way that is ethical and structured. liz: okay. i want to move on to your partnerships, because you are looking forward and moving with

company like chlorox and some of the airlines, united airlines, on partnering to make sure that they reopen and start flying once again but safely. do you feel that americans should feel confident about going on these planes simply because the middle seat isn't filled? >> we do believe that there is a way to bring people back to work and to say a new normal of life by using best practices and creating a safe environment for them to travel often and to work. very many companies have approached this, cleveland clinic, to help design those environments. we have put very many measures in place. very many of those measures are the measures that we implemented in our own hospitals and created a very safe environment inside a hospital. so we believe that our experiences can help create safe environments for the industries and their employers as well. liz: in the end, as a business

network, we're always hearing from businesses who say that the world won't truly feel open once again until we have a vaccine. tell us what you're doing with remdesivir, because that's certainly shown promise as a treatment. we also want to know from your knowledgeable standpoint whether you believe we'll have a vaccine by the end of this year. >> remdesivir is an antiviral drug that is currently being used to treat severely ill patients can with covid. -- with covid. early results with remdesivir are very encouraging. it shortens the duration of illness and is improving outcomes. yet the complete understanding or the true effect of remdesivir is still to be studied. when it comes to the vaccine, i have to say that having a vaccine by the end of this year is possible although i would like to say it's very optimistic. there is a reason for optimism.

there has never been so much research effort in any area of health care as we're seeing today in the effort to develop an effect i vaccine against covid. but to develop a vaccine, it is a complex and complicated process, and there are very many good reasons behind it. so if we get a vaccine by the end of the year, it would be absolutely wonderful, although i do believe that timeline is probably a bit too optimistic. liz: a little aggressive. we do hear that from scientists and doctors, but we can only hope. one last question, telemedicine. this has been certainly a silver lining out of all of this. people have leaned on it. and beforehand your telehealth lines were about 33,400, believe, averaging per month. that number shot up to 200,000. has it remainedded at that elevated level, and do you feel this is sort of the future of much of medicine? >> oh, we're very enthusiastic

about the use of telemedicine. it will allow us to deliver our high quality care to our patients in the comfort and safety of their own home in a way that is going to be probably more pleasant. it is certainly should be affordable and accessible at the same time. so we are very optimistic by the usage of digital technologies for the future of medicine. one really important thing that happened during this pandemic is that telemedicine has been warmly embraced by both patients and providers. and regulators have loosened the regulations and allowed health care providers to provide telemedicine services across the entire country. it didn't used to be the case before the pandemic. liz: doctor, it's great to have you on the show. thank you for all you're doing at the amazing cleveland clinic. i'm a fan. ilyed in cleveland -- i lived in the cleveland, i focused on the

clip constantly. -- clinic. thank you so much. >> thank you, liz. liz: closing bell is ringing in about 24 minutes from now. yeah, a little bit of red on the careen here, the dow down 45. i remind you we were down 368. not keeping up with the kardashians. up next, the somewhat ugly e accusation in the world of kylie jenner. the cosmetics mogul thrown out of a very exclusive club. what she's saying right now about her billionaire d-listing. and as the pandemic continues to hurt fitness studios across the country because so many of them have been shuttered, one company is making moves to come back and fight back. 305 fitness founder and ceo sadie is this week's guest op my everyone talks to liz podcast. her top wellness picks, tune in on those, and how she's fighting to keep her business alive even as it remains closed. trust me, if you know a millennial or you are a

millennial, you know about 305 fitness. ♪ ♪ and right now, is a time for action. so, for a second time we're giving members a credit on their auto insurance. because it's the right thing to do. we're also giving payment relief options to eligible members so they can take care of things like groceries before they worry about their insurance or credit card bills. right now is the time to take care of what matters most. like we've done together, so many times before. discover all the ways we're helping members at usaa.com/coronavirus

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♪ ♪ liz: a lawyer for kylie jenner is telling fox business that "forbes" new expose which just came out in the last day or so accusing the kardashian sibling of faking documents in order to claim billionaire status is, quote, full of outright lies. so let's just let you know that "forbes," after declaring in 2019 on its cover that jenner was the youngest billionaire in history, now the magazine is accusing her of inflating her worth and engineering a, quote, web of lies regarding her wealth. kylie sold 51% of her company, kylie cosmetics, to beauty giant

coty back in january, but "forbes" now points to new filingsing by coty as evidence that kylie's namesake company was never earning the numbers that the young jenner claimed and that she may not be a billionaire after all. well, the reality star not entertained at all tweeting this morning, quote: what am i even waking up to? i thought this was a reputable site. all i see are a a number of inaccurate statements and unproven estimations. lol. i've never asked for my title or tried to lie my way there ever. period. well, there's questions about tax documents, etc., but how's that for real-life drama? coty trading down 12.8%. major league baseball hoping to hit it out of the ballpark if, looking to strike a deal with players that will finally insure a smooth 2020 season.

charlie gasparino has those exclusive details for us now. hi, charlie. >> reporter: my lawyer's going to be calling you for suggesting i'm not the hottest man alive, i want you to know that -- liz: ill take that -- i'll take that call and agree. >> for you to suggest such a thing outrageous, and my lawyer will be in touch. [laughter] was that funny? sorry. anyway, let's get to major league baseball -- [laughter] there was, as you know, there was a proposal by major league baseball for the 2020 season, a whole host of safety precautions. you can't spit, high-five, hug, you know, you can play baseball with no fans, and then there was a salary proposal which was essentially a revenue cut. the players said huh-uh, not going for, not going for -- excuse me, a revenue-sharing plan. sounds too much like a salary cap, and we've been fighting for

years even if it's a one-time thing during a pandemic-shortened season. mlb came back with a sliding scale based on the player salary and the number of games. it was a formula. players are now expected to come back with another proposal, and that proposal from what we understand could come this weekend. it has to come fast because they have to start spring training sometime soon if they want to open up baseball and salvage the season by july 4th, which is the target date. so what we're hearing is this, the mlb, we're getting it from some sources inside the mlb, they are expecting the players' response to a new salary proposal to come in days. so look for maybe this weekend. that's what i've been told, you know? listen, for all i know, it takes us into next week, but, you know, people are saying it could come this weekend. the way the mlb players are expected to go with their proposal is something like this: we don't want salary cuts. we want, you know, our salaries,

player salaries, that's their salary. it gets prorated based on the number of games played. they want with then to have more games, they could possibly -- i think the league wants 80 games, 82, i could be wrong on the exact number. they want to try to expand that so they get more games, the salaries for the players are prorated. and we're also hearing that they're asking for deferred compensation, that they get paid maybe next year. at least that's what the league thinks is coming out of the players' association. obviously, the exact document has not been proposed yet. again, understanding it could come this weekend, so this could be a busy weekend. it has to come soon, liz, if we're going to have a season. you have to have some spring training if you want to start the season on july 4th. and, you know, if you don't start the season on july 4th, you know, you're wasting the summer away.

you know, it's not -- football coming very soon, at some point it's not worth it. so at least that's what we're up against. i will tell you this, the league, people i speak to, they're still pretty confident. they think there's going to be some deal reached. the league has already got off the notion of a salary cap. that's where you cap a player's salary, 50/50 was too close to that, so they've come off of that, and they'll go back and forth. again, this weekend could be a big weekend for this, liz. and my lawyer will be in touch with you momentarily. back to you. liz: i will, i will take the call, charlie. we've got some serious news to bring people right now. breaking news, video right now, live pictures of protests breaking out across the country at this hour. you are looking at pictures of both new york city on the left and houston, texas, on the right. this as fast-moving developments in the george floyd case in minneapolis continue to develop.

that city, of minneapolis, has been wracked for the past 24 hours with violent protests, fires set and looting over the past several hours. of course, authorities just announced in the past hour that the former police officer, derek chauvin, seen in the original video of an arrest of george floyd using his knee to pin down george floyd who, of course, was the african-american man who later died, that officer has now been arrested and charmed with third-degree -- charged with third-degree murder but also second-degree manslaughter. an investigation into the three other officers present at the scene, a couple of whom were also leaning on george floyd's body, we are waiting to hear more about that. we do understand that protesters set fire to a police station. the national guard has been called in for minneapolis.

but as you see these protests develop across the nation even in the wake of the arrest of the officer in question, we will break in with any developments if any more of these pictures come available to us and any more details on this developing story. closing bell ringing in just under 12 minutes. up next, taking a hard turn here, but weed stock. canopy growth taking a bit of a bad hit at this hour. but our countdown closer has one pot stock that he says set to take your portfolio to new highs. "the claman countdown" coming right back. dow jones industrials down about 71 points. ♪ ♪ g you can spend what you want, even on just a slice of a share.

♪ ♪ if. liz: eight minutes to go before the closing bell rings on this friday. the dow has just turned positive again. what a friday this has been. [laughter] a lot of people have tuned into my futures at 6 p.m. eastern on

twitter live, and they say, oh, god, friday's always tough. this friday has been wild, a little tough, but looks like the bulls are pulling one out. the nasdaq up 119. but let me show you this last trading day of the month of may a what a good picture we have actually seen. it looks like the dow will close up 4.5%, the s&p will gain 4.5%, and the nasdaq a winner here, up 6.7% for the month. can you look at the roll tilt index? today -- volatility index? earlier today it was up 3, 4%. now it is down about 2.9%, probably on the belief that the president is not going to start a brand new trade war with china at least for the moment. we get back to ashley webster for i'm dying to know some of the week's biggest winners, but also the losers. ashley: of the month, liz, it's going to be june 1st on monday. what the heck happened to may? it's just gone by in a funky blur. let's take a look at some of the

winners for you. home depot up, as you can see, more than 13%. solid organic sales growth, leader of the home improvement retail sector, you could say, and also one of those few companies that manages to thrive in the age of amazon. take a look at zoom. we know why their company has done so well in the lockdown period. in the month of may the stock up 31%, nearly 32%. the question is how much of business can it maintain as the lockdown eases. l brands, the parent company of victoria's secret, already announced they're going to close a bunch of those stores, but investors like the fact this company still prepared to sell off victoria's secret and keep bath and body works which does much better. very quickly, the losers in the month of may, it's interesting. we have verizon on the list, verizon down 2.3%. not a huge loss, but it has struggled. it's also, you know, look, it

does pay a dividend of 4.6%, but it also, you know, reduced its outlook for this year and basically withdrew its guidance. the question is how much into 5g can it get as we come out of this pandemic. united, well, we all know about the airline, do we not, liz? down 5% for the month or but they are recovering. the tsa screenings numbers proves that, the question is how long will it take before people are confident to get back on planes and start traveling. of course city e dental, we know what's been happening to the oil package, recovering slightly. this company just slashed it dividend to one cent a share, down almost 70% on the year, of course -- occidental down 21% in the month of may, liz. liz: one cent. we'll take that. ashley: one cent. liz: by the way, oil up 77% for the month. boy, you could buy it, but where were you going to stash it, that was the problem. [laughter] ashley, thank you very much.

breaking news -- i know. not in my backyard. all right. any minute now president trump is expected to meet with retail, lodging, hospitality and dining ceos at the white house to talk about getting back to business and to reopening the american economy. but no matter how rocky or blocked the road becomes, our countdown closer says always, always be invested in stocks no matter what. the host of the butter show, todd horowitz joins us live. we're talking about a rocky road, but look at the month of may. let's say we see traffic jams ahead, which stocks are you still picking today? >> liz, it's great to be back with you and, listen are, you want to get high with a little help from your friends, right? if i'm looking at til ray as a player because i think, you know, again, i believe that the federal government will eventually legalize pot throughout the nation. and that then opens up those stocks to be invested into by

major funds, and i think tillray's going to be one of the places they run to. the stock was at one time over $300, i think it's a great value play here. it's got a little bit more risk than normal, but i think it's a great value play. you have a chance for a huge possible return. that's one of the ones i'm looking at. liz: why that one over canopy? for such momentum plays, you have to be careful when you're looking at a hot sector because, boy, did this one turn cold. >> you know, i think that i just -- i pick -- i watch them all. i watch canopy, i look at 'em all, and tilray seemed to have the best opportunity to make the big explosion. again, i think the overall return could be much bigger, and i think my risk is really less when it comes down to it. this is like a risk/reward, a little higher risk play i would normally make in my long-term

portfolio, but a play i think is well worth making. liz: okay. carnival is also on your list, i find that interesting. yes, the president is going to be talking to lodging and travel and leisure companies, but carnival -- and we've had arnold donald, the ceo on, and he says science will dictate when they start putting their ships out on the water once again. but we know it's not going to happen >> well, you know, liz i think carnival is, they were the number one in the industry, they are very well-budgeted for everybody and i think people are going to want to get away. they may not be on cruises tomorrow but i'm hearing a lot of people are already booking cruises at really drastic rates but i do believe the hospitality and leisure world is going to come back and where else can i park money with a huge dividend at $13 or $14 a share at 11 or 12% a company that's proven over time will grow and again, if the leisure industry fails we have a lot bigger problems than carnival cruise at this price

here. the entire economy could be in jeopardy but i think overall, i think carnival is a great, another great value play that's actually paying you one heck of a dividend when you sit and wait for your money and i do believe that the industry is going to come back strong because they price it to get people to come and i do believe what we're going to see a cure and a vaccine for the virus, and eventually i think all things go away and i think five years from now you'll regret the fact you didn't buy carnival now. >> liz: todd it's great to see you one last comment you've got to tell me what do you expect for june really quickly? >> well right now the markets are going up liz, so i can't get in the way of the markets going up. i think there's rocky roads ahead and we've overshot our target but until the market stops going up there's no reason for me to say well this is it. at some point i think we're going to see a pretty healthy pullback, but for now maybe we make new highs we'll see what happens that's all i can say because i won't get in front of the fed, and right now if it wants to go higher.

[bell ringing] >> liz: don't fight that fed, todd horowitz, market action in the green on this final day of may what a nailbiter it's time for "after the bell" have a great weekend. melissa: keeping the trade deal intact a turnaround on wall street after president trump made no indication of pulling out of the agreement with china, the president did announce that he will pull the u.s. out of the world health organization. i'm melissa francis. connell: i'm connell mcshane, on this friday, we welcome you to " after the bell" and was there a real turn to the upside for stock, the s&p and the nasdac firmly in positive territory the dow was down 300 points at the low of the session and now moving between gains and losses we'll see where it settles looks like it'll be a little lower down 17.5 points at the close. president trump is about to hold a round