folks, we do have the c.p. effe effect rocking and rolling as i hand it over to liz claman. liz: what a great day to see all of this, right? especially that ticker. so many names -- charles: yeah. it feels so much better than the last 24 hours all around. liz: doesn't it? it really does. all right. well, charles and i certainly feel better. we do bring you this breaking news. we do have large crowds now forming in minneapolis at the memorial site for george floyd. about one hour after we learned that the charge against minneapolis police officer derek chauvin had been raised from third to second degree murder. protests over the death of george floyd nine days ago show no signs of ending but for now appear relatively peaceful. minnesota not the only spot where protesters are forming. you're looking live at a pretty heavy military and police presence. this is washington, d.c. on the left.

anaheim, california in the right. as marchers prepare to start walking. these protests, we want to underscore once again, at the moment are largely peaceful. but those images of violence and looting that we have seen over the last few days have businesses wrapping their storefronts in plywood and razor wire. in just minutes we will take you straight to the epicenter of the protests, the minneapolis regional chamber of commerce president is here in a fox business exclusive on how and whether businesses can banish those visions of looting and damage both big and small. can they recover from the destruction in the twin cities and quite frankly, the rest of the nation? and the age of the highly contagious covid-19, it has forced many commuters dependent on public transportation to take the wheel. i should say wheels. bicycle wheels. a stunning run on bicycles as demand rises higher than the

tallest peak of the tour de france mountain. kent international's ceo is walmart's biggest supplier of bikes and he will tell us how his team is peddaling into high gear. dow jones industrials topping 26,000 as markets rally on surprising positive economic news. recovery optimism and the potential for more federal stimulus coming. could a faster, steeper v-shaped recovery be ahead of us? the sun is starting to sthien again on sin city stocks. and vegas stocks are on the move. plus celebrating the reopening with cheesecake at the cheesecake factory. less than an hour to the closing bell, let's start "the claman countdown." liz: all right. let's get to this breaking news that we have at the moment. sin city casinos are among the

first establishments to shut when the coronavirus tore across the united states but now as las vegas prepares to reopen this week, blog vital vegas.com is reporting that hotel bookings are exceeding expectations for this weekend and some casinos are close to seeing 70% occupancy. we have casino stocks jumping. look at mgm, up 11%. we've got wynn resorts up 10.5%. las vegas sands up 7.8%. the work at home crowd is giving zoom video a double beat on earnings with top line growth surging a stunning 169%. come on, how many of you have zoom conferences, right? well, zoom also doubled its revenue outlook so the stock is jumping 5.5%. two days ago it finally breached $200 per share for the very first time. we are at $219.67 right now. let's get to the three c stocks. first is crowdstrike, following in zoom's footsteps reporting a

strong first quarter due to increased security needs for remote work. oppenheimer reiterating it likes this name, it's hiking the price target so crowdstrike is up 7%. second c, coty, moving up 11.6%. after it said it's entered talks with mega-reality star kim kardashian for a beauty collaboration. that news comes after forbes revealed explosive allegations involving kim's little sister kylie whose makeup line coty had just purchased. forbes says kylie overstated her wealth in order to achieve billionaire status. coty stock up 11.5%. the final c, cheesecake factory, up 18% in this final hour of trade as it plans to reopen most stores by mid-june but there is one slightly sour note. the recent riots and unrest are cutting into cheesecake sales but you don't see that cutting into the stock right now. it's at $24.78. all right. as americans view the daily pictures of riots and looting

over the past few days, gun stocks have seen major gains just as we said over the past week. substantially spiking to date as citizens and businesses form lines around the block near gun retailers. smith & wesson up 16.8%. as we see on the screen, since 5-29. sturm ruger up 6.6%. olin up 11.5%. business owners desperate to protect their businesses in minneapolis have suffered major damage. scenes of devastation continue to haunt the streets of businesses both large and small after rioters and looters caus d widespread destruction. some storms even burned to the ground in the aftermath of george floyd's death. the african-american man was killed memorial day by a white police officer who knelt on floyd's neck for more than eight minutes, as three other officers

stood by. the entire scene caught on video. that video spread like wildfire. in the last hour, minnesota's attorney general announced he will elevate charges against the now former minneapolis police officer derek chauvin to second degree murder and the state's attorney general will also charge the three other officers with aiding and abetting murder. but while business owners in minneapolis struggle to pick up the pieces of their destroyed livelihoods, many are left wondering how do we recover and who will help us. we bring in minneapolis regional chamber of commerce president and ceo, jonathan winehagen. you are that person and that organization that hopefully will be there to help them but give us first, a first-hand account of the destruction that you have witnessed in the past couple of days in minneapolis. >> good afternoon, liz. thanks so much for having me today. the destruction that we are seeing is absolutely devastating. what we have here is a crisis on top of a crisis. so many of these small

businesses in our neighborhoods were just beginning to see some light after ten weeks of global pandemic, then it met destruction at the hands of protesters. it truly is devastating. liz: you've got 2,000 member companies. we are looking at a scene here that looks like disaster. these aren't just windows shattered. some of these stores have been burned to the ground. target has its headquarters in minneapolis and target has one store there, as i understand it, that was so damaged it has to be rebuilt from the ground up. where do you begin when you sit with these business leaders and talk to them about the value of rebuilding when they have lost so much? >> what i would tell you is there's an immediate sense of despair. they feel violated, rightfully so, but there's also an incredible resolve. a commitment to rebuild. not just rebuild to what they had, but to rebuild even better and stronger. that's the spirit that we have

seen in minneapolis over the course of history. you mentioned target. target made an early commitment to rebuild that lake street store, such a critical piece of that neighborhood's infrastructure, providing food and goods and services to a community that desperately needs it. liz: i want people to understand this isn't just the big names like target or dominoes pizza. we will put a cyberscroll on the screen and it really is devastating because you see both names that are very familiar to our viewers, everything as i said from dominoes to arby's. as we look at what these names are, some of them, there's a pawnshop, a little company called pineda tacos, penzi spices, urban forge winery, all either damaged or entirely destroyed. what are you doing as you witness the livelihoods go up in smoke to actually help? is there monetary compensation? what do we see from the community? >> yeah, we are seeing an

incredible support from our community. several different funds have been established and those dollars will get out the door to help anything from cleanup efforts to helping with insurance deductibles and then really beginning to build the inventory of technical assistants and volunteers to do the on-the-ground work and trying to get smart and creative about how could we help in the interim. as you said, this damage ranges from broken windows and looting all the way to buildings that have been burned to the ground. it's going to take some time to rebuild that physical infrastructure. earlier today, i talked to our partners at the mall of america who have a real interest in partnering to create a physical environment for some of these stores to pop-up shop in the coming weeks to make sure they can get back online as they work to rebuild in their neighborhood. liz: jonathan, on the left-hand side of the screen we have a live picture of the memorial area where george floyd was killed by that police officer,

and there are flowers and there are people who have gathered very peacefully, it appears, at least at the moment. the "new york times" had this headline because we bring it back to the business story here as well. the headline was please, i don't have insurance, do not destroy my business. again, the insurance picture is something that you as the chamber of commerce chief, have to really look at and say well, you know, it's worth it to rebuild, trust us. >> absolutely. we are having those conversations, it feels like minute by minute with building leaders, business leaders, particularly those who may find themselves in a place of being uninsured or underinsured, actively working with city and state leaders as well as our federal delegation to think about what type of crisis relief might be available from our local, state and federal governments. but rebuilding is going to be critical. we're not just talking about buildings. we're talking about people's

livelihoods. we are talking about hundreds if not thousands of jobs in our community and jobs that are really critical to people today. liz: jonathan weinhagen of the minneapolis chamber of commerce, we wish you very good luck and lots of work ahead, we know, but thank you so much for telling your story here on fox business. >> thanks again for having me. liz: of course. closing bell ringing in 50 minutes. we've got boeing winging its way right to the top of the dow 30. by the way, the dow up 491 points right now. hedge fund manager daniel lowe has taken a stake. that has lifted shares right now, standing at $172 and change. could airlines be the ultimate winners in this recovery? after the break, the sectors our floor show traders are betting on to sweep the covid-19 clouds away. plus, i got my pick of the

pack, too. all that and more coming up on "the claman countdown."

liz: all right. i just called an audible. i want to show you the nasdaq. you want perspective on how today's rally brings us to a

certain important point? the nasdaq is now just over 1% away from its all-time high, having rallied 41% off the bottom just a couple of months ago. in fact, that would have been march 23rd. march 23rd. so up 41% since then. overall, the main indices including the russell, they are all rallying on the heels of a better than expected private payrolls report that is often the precursor to this coming friday's jobs report. according to adp, the private sector lost 2.76 million jobs in may. how is that good news? well, it was well below the estimate of nine million job losses. on another positive note, let's look at energy. brent crude has finally risen above $40 per barrel. it happened yesterday. it's above $40 for the first time in three months. right now it's just slightly below that in the aftermarket session, $39.66. but this is very much in part

due to rising demand from china and speaking of china, the pmi which measures the service sector activity there rebounded in may to a near ten-year high. that index rose to 55 in may from 44 in april. any reading above 50 indicates expansion. so even though we look at china right now as an adversary considering how they have treated hong kong, their territory, is it in such a recovery mode that we should look at china because it's a couple of months ahead of our recovery, to figure out what our recovery will look like and then make our moves now? let's bring in our floor show traders. teddy weisberg, in anticipation of this, i will start with you. where should investors start to pile in? >> well, you know, first of all, there are a lot of people still on the sidelines that are scared to death because a lot of the headline news continues to be very negative. i think we all know there's

nothing more bearish than a sold-out bull. you got a lot of people who are closet bulls who are afraid to pull the trigger because they keep waiting for the second negative shoe to drop. but there's no question that improvement in china is a big deal, and improvement here is going to be a very big deal. it will be all about the fed and all about the u.s. economy and the fed is doing everything it can to help the u.s. economy and there's no reason to believe that that's not going to work in a positive way. liz: yeah. but where do you put that money ahead of it? because there are some areas that have not yet entirely been picked over. >> well, that's true. i mean, i think number one, you go with the techs. you go with some of the financials, particularly the exchange stocks which have been more or less immune from a lot of the negative issues. you go with big pharma. there are plenty of places to put money and the techs even though they have had a tremendous move looking at the

nasdaq, you know, this is where the earnings are, this is where the growth is. this is where the money is going to continue to go. liz: phil, how do you like this rally? we stand at 26,228, up 484 for the dow. the high of the russell today was a gain of 45. that's a big percentage move here. tell me, what hasn't been sort of picked over by the, well, i like to say the dinosaurs, they dig into all the flesh out there. >> i think you mentioned it in the preamble to the show. one of them is the airlines. they are about to take off, excuse the pun, right now and nobody loved the airlines just a few weeks ago, right, even warren buffett was dumping his airline stocks. nobody's going to fly again. i think what we are seeing out of china, what we are seeing about demand is that demand is going to come back. i like the travel and leisure stocks. you mentioned the casino stocks.

sin city, through the roof right now. people want to get back to living normal lives. i don't think we are going to be there but i think there's a lot -- if you look at energy, energy, we have been talking about it, that's a good indicator for the global recovery. you see brent back above $40, that tells me the economy's getting better because those numbers usually don't lie. you can give a lot of equivocation in some of the other economic numbers but when you see them actually buying the barrels of oil, that's a good sign that growth is coming back. liz: yeah. you know, i was going to say the airlines but since we already mentioned them, i'm going to say the names that are involved in labor. everything from paychecks to adp, the hiring businesses, you've got global payment inc., western union, equifax, these are the names that will probably benefit when businesses reopen and need to get their payrolls back up and running. that may be a real opportunity here.

in the end, phil and teddy, i just, you look at energy, the airlines, vegas, the cruise lines which have come well up off the floor. it feels like a better couple of days here on behalf of stock market. thanks for joining us, guys. we will see you next time. we do have the closing bell 40 minutes away. and green is spreading across the screen. lyft and uber getting some pickup at this hour. lyft's bookings up 26%. when you look at may compared to april. but that jump is still about 70% below the ride hailing company's normal levels. uber ridership down 70% in may but 10% better than april's figures. both of these companies are in the green right now with lyft up 9.8%. uber better by 2.33%. put aside the lockdowns for the moment. could lyft and uber's slow go be coming courtesy of people trading in ride shares for two-wheelers?

the covid-19 crisis has fueled a chain breaking demand for bikes and trikes. up next, kent international and its ceo arnold candler are here to talk about what they are doing to keep from being wiped out. we say wiped out in a good way. lots of sales right now. stay with us. business has been people. and their financial well-being. it's evident in good times, with decisions focused on the long-term. and crucial when circumstances become difficult. that continued emphasis on people - our advisors, associates, clients and communities gives us purpose, strength and a way forward. today. and always.

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so you can... retire better. liz: i want you to stop what you're doing and look at this picture. if you had to decide what item beyond masks that might see a massive spike in sales from looking at this picture of people riding the subway, what would you get, beyond masks? would you have guessed bicycles? well, a bicycle boom is literally breaking the industry's chain as bike manufacturers and retailers work very hard to keep up with demand fueled by fear of catching the coronavirus by packing into buses and subways.

according to npd group, u.s. cycling sales have surged in march from one year ago. commuter and fitness bike sales up 66% and leisure bike purchases spiking 121%. so on this world bicycle day, it's only fitting that we bring in the ceo of the biggest bicycle manufacturer in the country, kent international chairman and ceo, arnold kamler. the biggest distributor of bicycles and certainly to walmart and many other places. arnold, great to see you. tell us what you have been experiencing in these past couple of weeks. >> oh, it's difficult to even describe. it's been going on not for a couple weeks but for a couple of months. suddenly as you mentioned before, because of the covid-19, people were reluctant to get on a subway. maybe that's how it started. but then with kids being home from school, and the parents

also being at home, they needed to do some kind of activity to properly social distance and very quickly, bicycle riding became the choice of the day, and sales went crazy. on top of that, though, and we have been chasing this demand but it's virtually impossible to catch. liz: well, that's amazing to hear you say this, because this is a 100 plus-year-old business that your grandfather founded so i'm thinking wow, to hear arnold say this, you have been through very big moments and then of course, difficult times and i'm thinking particularly of last year's trade war, where the tariffs on chinese incoming parts and goods for your bicycles were becoming prohibitively expensive, but difficult to chase so what are you doing? what kind of experience? can you give us anecdotal stories of what's going on that you have seen? >> i will give you one story. we had a shipment last week or

two weeks ago to walmart of 10,000 mountain bikes that we supplied from our factory in south carolina. normally this bicycle would sell about 1,000 bicycles a week, 1200 a week. the 10,000 bicycles lasted about ten days. liz: you're kidding. >> you go into the stores and the bike racks are empty. we have seen stores where people are in a queue waiting for assemblers to assemble the bicycles and taking them right to the cashier or whatever we call it now and demand everywhere, and maybe the biggest thing is suddenly i have become a hero to all my friends who are looking for bicycles and can't find them anywhere in a bike store or anywhere. the supply is gone. now, we are doing the best we can. we are making, i don't know, i can't see the video that you're showing, but we are making about

4,000 bicycles a week now in our factory in south carolina. we would normally be making about 6,000 a week but with the social distancing, we have had to make a lot of alterations, but we certainly don't want to put our employees in harm's way and we're not. we had the same experience in your warehouse in new jersey, where we are doing our best. in both cases we shut down for a couple of weeks because we each had two employees test positive and we didn't want to be -- well, we didn't want to be reckless so we did shut for two weeks. we cleaned the factories, we insisted on very strict protocol with temperature checks and gloves and masks and even eyewear down the factory in south carolina. liz: can you tell me two things. number one, what's your hot seller and number two, when you are selling 10,000 bicycles in ten days, are you hiring? >> we are hiring a little bit in

our office. let me try again. with the factory in south carolina, we are not really hiring. we had a lot of people that were furloughed or not furloughed but took the unemployment route because it was more in some cases than their salary. they are drifting back to work so we are hoping to ramp up production a little bit. we still don't want to push that too much. but we are hiring more people in our headquarters for customer service and for taking online orders and processing the orders. i mean, we have some days, we have demand for six or seven or eight truckloads for fed ex shipments with 5,000, 8,000 shipments a day and actually not able to get it out. not getting enough trucks from fed ex because they are kind of busy also. liz: really wick quick, i believe we are showing your

number one sellers whach. what are they? >> right now, any bike on the floor is the number one seller. before things got crazy, it was a ladies' cruiser called the baseline in rose gold. actually, it was the buyer's wife who gave us a little help. she said rose gold is going to be huge. that was a couple months ago. the bike is really nice but the color didn't hurt either. that's our number one. liz: good to see you, arnold. i'm absolutely thrilled. there it is. rose gold. now i want one. it's great to see you and great to hear that you are at least dealing with too much demand versus too little. arnold kamler of kent international bikes. markets are at session highs. look at this 2% gain on the dow, up 536 points and climbing. when we come back, saks fifth avenue, we are going to show you what it now looks like on the iconic fifth avenue stretch. it is not a pretty sight.

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liz: breaking news. a large crowd is gathering in west hollywood, california. you're looking at that right now. just hours after we got the news that the minnesota attorney general has now elevated the third degree murder charge to second degree when it comes to the police officer accused of killing george floyd on memo or wr memorial day by leaning on his neck. we do want to let you know we have just learned the minnesota attorney general will have a news conference in 23 minutes, top much tof the hour. as we look at these scenes, we have fox business coverage. connell mcshane on fifth avenue in new york city where protests are scheduled to begin at the top of the hour. hillary vaughn outside the white house in the nation's capital where we also see a large crowd. connell, i want to start with you. we have seen sunday night and

monday, violence and looting in the big apple. these images from last night were captured outside a clothing store in the financial district showing police battling back against rioters who had attacked them including attacking a police captain. the nypd did say there was less destruction last night than the night before. but i need you to explain what our viewers are looking at right now behind you. >> well, that was one situation that really got out of control, liz. as you pointed out, what happened the night before is we had far more of those situations. we talked to nypd officials a short time ago. they did say they made about 280 arrests overnight which is nothing to sneeze at but it compares to over 700 the night before so there definitely were improvements in terms of the level of violence. now, businesses aren't taking any chances. we have been all around new york throughout the day and this is what we have seen. everywhere we have looked,

boarded-up buildings, retailers and other businesses, many that were already closed down for the coronavirus lockdown, not taking any chances. some have been damaged the last few nights far more are just trying to avoid any damage coming in the next few. now, all of that said, it's interesting, we were talking to a restaurant owner who is located just a few blocks from here. there's a protest we will get to in just a moment that's about to start. this restaurant general manager was actually telling us he's moving along pretty much business as usual, at least as much as you can do that these days. take a listen. >> we have seen waves of protesters coming up through the week and everyone has been really peaceful, vocal but really getting their point across, but really in a peaceful way, in a powerful way, i think. reporter: yeah, that restaurant was actually still open. they are doing takeout and delivery. i'm moving down fifth avenue right now so you can get a sense of where we are in lower manhattan not far from nyu, if

people know the area. if we look down the street here, no cars coming, washington square park is just one block to our south and the protesters are gathering and they are setting up shop there in the park as we zoom in under the archway. you can see a few of them. it's unclear how large this gathering will be. the hope is, the authorities we have been speaking to, that it will be quite peaceful. now, here's the thing. the weather earlier looked like it might work against the protesters. it started to pour rain. a few minutes ago, the sun came out. the thunderstorms moved east and now it's a beautiful day in manhattan. not sure if that's good news or not. we will have to see. we will be down at that protest to check things out when it begins later this afternoon. the people hoping for a little bit more of last night even with the isolated incidents that you talked about worked in, and a lot less of what we saw the previous two nights in this city. liz: yeah. it appeared to be somewhat of a

180. connell, thank you very much. to hillary vaughn in washington, d.c. hillary, i guess we have some breaking news on combat troops that are on standby? reporter: liz, that's correct. in fact, what you're seeing right now is an unprecedented show of force essentially, a human barrier of members of law enforcement standing shoulder to shoulder with members of the military outside the white house kind of providing what is essentially a human barrier between the white house grounds and protesters here but also over my left shoulder, i want to point out something else that's happening in the middle of the protest, there is a prayer vigil with different members of the religious community gathering right now. but there is a wide variety of forces out here of protection. we are seeing everything from correctional officers that were pulled out of federal prisons that are now protecting the nation's capital, tsa agents that served at airports are now on duty in the district. this is all part of the president's show of force. national guardsmen here from ten states in the capital,

protecting our nation's monuments while the nation marks its ninth day under protest. around the country, 74,000 national guard soldiers and airmen were activated. the president credits the national guard and this massive show of force for containing rioting and violence here in washington, d.c., but his own defense secretary, mark esper, a former member of the national guard, today broke with the president over protest response saying he does not support using active duty troops to get a handle on large scale protests. >> the option to use active duty forces in a law enforcement role should only be used as a matter of last resort and only in the most urgent and dire of situations. we are not in one of those situations now. reporter: a senior doj official tells fox news they are looking at evidence that extremist groups like antifa are participating in these violent protests with multiple u.s. attorneys around the country building cases. here in d.c., there have been significant injuries to law

enforcement officers including over 50 park police and 30 secret service agents who have been struck in the head and injured critically by random objects, everything from rocks, bricks and bottles. liz? liz: hillary, thank you. hillary vaughn in washington, d.c. if this gives you any sense of the fact that this is not entirely over, we want to show you saks fifth avenue. this is the flagship store of this high end chain which is now, yes, this is fifth avenue, wrapped in double plywood and razor wire with every, looks to be about five feet, a security guard. they also have dogs who are there waiting and making sure, specially trained dogs, to protect the premises in the wake of monday night's looting of macy's iconic herald square location just a few blocks south. at saks, the workers began putting chain link fence and razor wire all along the entire block of fifth avenue where the iconic store remains.

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liz: well, here's some music to investors' ears. warner music group debuting its stock on a high note, rising more than 19% in its long-awaited ipo this morning. warner, the home of major labels, atlantic records, asylum, warner classics among others, also have artists including cardi b, ed sheeran under their umbrella and offered

70 million class a shares at $25 per share this morning. that put the value of the company at $12.75 billion. analysts say the growth of streaming services has given a very big boost to music companies in recent years. right now, that stock stands at $30.13, a full gain of 20.5% for warner music group. wmg is the new ticker symbol. public and private leaders coming together today and certainly at this hour to address some key issues that have sparked racial tensions and riots across the country. you are looking at this live picture of the scene in west hollywood, california. a very large group here and what we are hearing on the ground in west hollywood is that yes, plywood is up and around many of the stores there but what the store owners have done is they have put messages of support and love directly on to those plywood boards. let's get to charlie gasparino. he's got the pulse of what wall street is doing here. he's joining us now on a meeting of the minds that was hosted

earlier today by yale school of management that included presumed democratic presidential nominee joe biden and goldman sachs ceo david solomon. charlie? charlie: this is the professor of business management at yale, very high profile figure on tv a lot. i have known him for years. he holds this thing yearly. it's an annual ceo summit. they did it this year virtually. still got an amazing list of people attending, colin powell, david solomon of goldman sachs, lloyd blankfein, this is a who's who list. interestingly enough, joe biden happened to show up. i'll tell you, this year, the appearance of biden and the invitation of biden got a lot of -- got other invitees a little annoyed. they sawedthought yale overpoliticized the event. biden is running for president.

he didn't say anything quite that controversial from what i understand. he did somewhat attack trump over his message of maybe using the military to intervene in the riots. he called for unity. the closest republican that was invited to this thing appears to be robert lighthizer, the trade rep. so you know, the basic message is if you are going to invite biden at least get a political guy from the white house to invite and apparently they didn't. colin powell was there. again, he took some shots at trump from what i understand about his use of military or his offering to use the military. as you know, general powell, long-time fixture in the military, served in the bush administration as secretary of state. you know, he's got the gravitas to make that statement. he thought trump is off base by using the military. again, more politicizing of this event is what invitees were saying to me because there wasn't equal representation from the trump administration.

david solomon, ceo of goldman, was there. did announce that goldman was going to have in its regular town hall meeting, would address racial equality issues amid the protests. kind of along the lines of what larry fink is going to do at blackrock tomorrow, the biggest money management firm as we reported yesterday is going to hold a town hall meeting on these issues. again, i think the big problem with this, liz, based on the people i'm speaking to post-event is that with biden there, it became a little bit of an attack on trump without trump being able and a white house political person being able to rebut that. doesn't mean these people are wrong. it just means it took more of a political tone this year. again, more virtue signaling, people also said. biden didn't say anything controversial or crazy. but, but the fact that he was the there, i spoke with people that were invited, it rubbed them the

wrong way. again, goldman is likely to have its town hall, blackstone tomorrow. corporate america is addressing this issue. it's controversial in corporate america. people inside these companies say hey, why is larry fink, who is a billionaire, makes a lot of money on various government bailouts, why is he lecturing me on race. other people would say larry fink has a social conscience, david solomon has a social conscience, they deserve to be able to address this issue as well. i would like to hear what you have to say about this. you and i had a spirited discussion that spilled over a little bit on social media yesterday. what do you think? liz: here's what i think. good on david solomon. but this isn't just johnny-come-lately type of situation. david solomon from day one of becoming the ceo has put his imprimatur on goldman sachs, saying we want diversity, we don't want to underwrite companies that don't have at least one woman on their board. he is certainly somebody who's had conversations about climate

change, as has larry fink. i like this. i think it's good. i think corporate america should be talking about this. charlie: yeah, i have mixed views on it. i think that the last person i want to hear on this issue while they're tearing apart new york city is david solomon. after that, the next last person i want to hear -- liz: yeah but his employees might want to hear. charlie, that's it. we need a whole show to argue with each other about this. all right. dow is up 566. we will be right back. i am robert strickler. i've been involved in communications in the media for 45 years. i've been taking prevagen on a regular basis for at least eight years. for me, the greatest benefit over the years has been that prevagen seems to help me recall things and also think more clearly. and i enthusiastically recommend prevagen. it has helped me an awful lot.

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liz: we just want to flag you that at the top of the hour, minnesota attorney general keith ellison is going to have a news conference where he general upgraded charges on derek chief vin and he will charge the three

other officers at the scene. this will happen again at 4:00 p.m. eastern. fox business. will be on this story. closing bell ringing in three minutes. the dow is jumping forward. we got to tell you homebuyers are brushing back into the market to take advantage of very low interest rates. mortgage applications to buy homes rose 5%, week over week, up 18%. year-over-year. today's "countdown" closer says he likes the housing sector. he liked it before these numbers came out, bring in gerard ceo tim chubb. tip, give us how much things have jumped, how you like here and how investors play it. >> they jumped pretty nicely, how companies were group out of the march lows, really companies with very little demand that was destroyed or throughout time. companies with demand that was delayed and companies with demand that was destroyed like

the airlines. a lot of he investors expect homebuilders to destroy demand. we've seen numbers through last couple weeks, demand has been delayed. when you take a step back, you think about -- [inaudible]. we're entering a period where it is sort of a perfect storm. millenials, 78 million of them across the country, entering their peak earnings years, peak child raising years and peak filling up house with junk years, with a mortgage of 3.25 and 3.5%. with the most recent covid-19 crisis i think, actually supports them even more. especially as employers look to allow employees to work from home or work wherever they like. all the cities will have to raise taxes at some point, the public school systems are a mess. i think there should be a lot of beneficiaries from this. homebuilders will benefit from millenials leaving cities. i think these companies continue to move higher from here.

[closing bell rings] liz: i like your thinking. homebuilders index up 79% since march 23rd that will do it for "the claman countdown." we end with the dow up 521 points. melissa: reopening of america, stocks soaring as the economy gets back on track despite nationwide lockdowns. the dow surging past 26,000. closing above the milestone since march 6th. s&p 500 up for the fourth straight day, marking its longest winning streak in four months. the nasdaq is less than 2% away from a record close. i'm melissa francis. this is after the bell. connell: i'm connell mcshane, reporting live today from the streets of new york city. wow, what a market rally. we're getting set here for more protests meantime to get underway this evening. the hope of course that they will be peaceful protests as th