better. >> exactly. charles: i appreciate your thoughts. always fantastic. wish we had more time. liz claman, i caught a falling boulder and i kind of turned it around for you. let's see what you can do in the last hour of trading. [laughter] liz: you did, my friend. you did because the dow was down 49 points after being up 800, so thank you. i'm going to try and push it back up the hill. charles: you are welcome. liz: thank you, charles. have a good weekend. we have a massive market rebound fizzling out heading into the final hour of trade for the entire week. the dow as i said was up exactly 837 points at its highs earlier today, but now as you can see, we're still holding on to 279 points, but the s&p 500 up only 20 -- up only 20. it had been up 86. the nasdaq just came back out of negative territory, up 44 points at the moment. look, wall street is wrapping up its worst week since march 20th. today's volatility follows

yesterday's stomach churning day during which the dow saw its fourth biggest point drop in history. 1,861 points. equity losses of 2 trillion dollars just shaved right off. one of the triggers from yesterday is the same one that's pulling the oxygen out of today's rally. worries about a longer recovery and a second wave of the coronavirus pandemic rearing its ugly head. one of the most widely followed economists on the street, in this final hour, what he sees as the biggest obstacle to a more persistent and longer stretched market and economic rebound. plus, college football taking baby steps the put the pandemic behind it as players get the green light to begin workouts this coming monday. so could we really see oregon and cal and ucla and yes usc football in the fall? the commissioner of the pac 12 is here in a fox business

exclusive. yes, i will ask, will there be fans? plus poking fun at the brand new playstation 5? portfolio margin protectors and charlie breaks it on the players' latest pitch to major league baseball starting its season again. less than an hour to the closing bell this friday. let's start "the claman countdown". i want to look at amazon's stock right now. down just fractionally, but the breaking news is that the "wall street journal" is just now hitting the tape with this story. california investigators are examining amazon.com's business practices. according to people familiar with the matter, the state is focused on how amazon treats sellers in its on-line marketplace, particularly as amazon is accused already of bolstering its own products that compete with third party sellers. kind of taking a few ideas from the third party guys and making

them their own. the news comes as amazon faces antitrust scrutiny both from the u.s. and european regulators. stock down about 8/10 of a percent. let me get to this, normally a double downgrade sounds like a death knell for a stock during at least one session, but look at tesla. while losses have accelerated in the last few minutes, the stock is nowhere near as bad as it could be, despite morgan stanley and goldman sachs both cutting their rating on the stock. morgan to a sell. goldman to a hold. but look at this, we have tesla down just 4 1/4%. again, it had been certainly higher. both say that the recent run-up in tesla where it crossed the $1,000 mark, that it was time for investors to take a bit of a breather. right now it is at $931.11. flip it over to check out dave and busters, ticker symbol play, if ever there was a company that involved a lot of touching surfaces it is dave and busters, but the stock is up 12% right

now, march 18th, this was $4.60 a share stock after the fast spreading coronavirus forced its stores to shutter. today even as the party and play time venue reveals a wider loss due to the pandemic, its faster than expected reopening plan is scoring prizes with analysts who showered the stock with price target hikes. let me flip it over to game stock. activists and investors have gained a seat at the table. the video game retailer's board, being locked into a pretty vicious proxy battle with gamestop. the stock is up about 6 1/2%. maybe fresh pair or two of eyes on how to run the business. it's a stock party at party city at this hour, after the company said it has fully reopened over 85% of the stores, expanded curb-side pickup, of which i just took by the way, yeah, i had the graduation balloons, party city worked perfectly.

they also launched same day delivery. party city is up 26% right now. why? well, aside from what i just told you, it also announced a 100 million dollars bond deal that will slice off about a quarter of its debt. do you want the good news first? or the bad news? i'm the kind of person who wants the bad news first. get it out of the way. american airlines, second quarter revenue will be down 90%. that's the bad news. the good news, the airline said it expects to halt its daily cash burn by the end of this year as cost-cutting measures and an up tick in travel demand kicks in so that stock is up 14 1/2%. and, you know, sometimes other airlines get colored by the same issue from one airline, let's take a look at some of the other airlines, and we know that many of them certainly sold off yesterday, but they're looking a little bit stronger today. we do have ual up 16%, off the highs of the session, but yesterday this is the picture that we saw, what a change.

it was the biggest laggard. united airlines on the dow transports yesterday, but flip it over to today, and it is a much better picture. all right. besides united, take a look at the stocks that suffered the biggest reversals of fortune yesterday, and their comebacks despite the market fizzle right now. the blue chip disaster yesterday was boeing. boeing nose dived 16%, but as we look at it today, boeing is certainly catching a little bit of air here, up 8.8%. to the s&p 500, the worst performing yesterday norwegian cruiseline, sank the most. it was very ugly yesterday, but today it is staying nicely afloat as we look at the intraday picture. you can really kind of get a sense that up 15 1/2%, nice picture, and then on the nasdaq, chinese group down 32% just 24 hours ago, well after that ugly picture, it is up 17 -- let's call it 18%.

what are we to make of these opposed moves? let's bring in wall street's most closely followed economist the chief economic advisor mohammed el erian. friday afternoon, we know it is folly to guess what the market is thinking on any day, but help us understand what happened between yesterday and today. >> let me thank you liz for having me on and congratulations on the graduation party. that's really exciting. liz: thank you. >> we were powered by three things, one is healthy reopenings, the second is a ton of fed support, liquidity support and the third was a fear of missing out, there is no alternative conditioning. yesterday we lost a couple of those. one is the healthy reopening with news about the spike in infections and hospitallizations in certain parts, but also the

market was uncomfortable during chair powell's conference -- press conference, not the statement, press conference. today we're revisiting the fed. it turns out the press conference actually wasn't as bad as people thought at the time. and there's somewhat less concern about the healthy reopenings, but this is going to be really bumpy, and we should be ready for an't co -- a continued roller coaster. liz: what should our viewers make about that out of the 500 s&p stocks, 499 yesterday were losers, in the red, and only one was higher, and that one was kroger, the prepper stock; right? what are we supposed to think about that? and then does all the coronavirus worries vaporize

today now that we're up? >> when you have a sharp pullback, contagion, people sell whatever they can sell and you get a herd behavior. it is not surprising that you got the 499 out of 500, in fact everything went down yesterday that had any bit of risk associated to it. look, there is a tug-of-war going on, and it involves the buy the dip optimistic mentality, versus the event risk. people look forward just before the weekend and say look what's going on. i have the weekend of uncertain health news. i have chairman powell going to capitol hill next week to testify. lots of data. what you see is this tug-of-war ahead of the weekend. on the one side, s the retail investor, optimistic. on the other side is the professional investor, more cautious about the weekend.

liz: yeah. well, weekends have been a little frightening as we head into them because people just don't know what kind of news is going to come out, but you know, i'm not one to always look back in the rearview mirror, but earlier this week, the ten-year yield, because, you know, this gives us a sense of whether there's a real flight to quality or fear, the ten-year yield was at .94, .96 and suddenly we're below .7 for the ten-year yield. i mean, that's a pretty dramatic move considering that again, yesterday we had fear, the volatility index spiking the most in two years. so tell our viewers what to think here. i mean, you could say stay the course, but is there some secret that the smart money so called knows? >> so i always tell people what you end up doing should depend on two things. one is are you able to afford mistakes because most mistakes

are recoverable. some are not. and the second thing i tell them is understand how you would react when you hit a session like yesterday. will you be able to resist the behavioral traps or not? my own gut feeling here is that we are -- [inaudible] on valuations that if you continue to buy at these levels, you are buying because you think we will have healthy reopenings, that will be a v, not a bumpy check mark, and you believe that the federal reserve will compensate for any weakness in fundamentals. that is what you're betting on. if you feel comfortable doing it, go right ahead. i have taken money off the table a couple of weeks ago. it didn't look like such a good idea to begin with. it looked better yesterday. it doesn't look so good today. you know what? i would rather wait and rather

make the mistake of bumping in the market than having a series of days like yesterday. that's my own preference and others have different feelings about what's going on right now. liz: mohammed, last i checked, you're pretty good guy to follow, so, you know, you can say that's just me, but i like your thinking. it is great to see you, and try and have a relaxing weekend this weekend, mohammed, thanks. >> you too, and congratulations again. liz: thank you, thank you. your daughter's coming up next year, i know that. the closing bell ringing in 48 minutes. we're picking up a little bit of steam here, guys; right? the dow adding close to 200 points in just the last 11 minutes to stand right now at a gain of 376. come on. you've got to stay with us and watch this one. it's a slam-dunk for dick's sporting goods investors, shares are moving higher after the athletic retailer announced it is bringing its dividend of 31 1/4 cents a share. the stock is up 8%.

with so many other companies desperate to preserve cash during the worst of the pandemic, back in march and april, dick's had suspended its dividend pretty much early april and now it is back. from sports stores to college sports, major news coming out of division i football, a plan is in place for the athletes of the pac 12 to start summer workouts on monday, but that doesn't answer this question, will there be football in the fall, and will there be fans? a fox business exclusive with the pac 12 commissioner larry scott. that's next on "the claman countdown". look at that. the dow is up 400 points now. this is decision tech.

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liz: breaking news, 72 hours away from ncaa athletes kicking off summer workouts and yes that includes college football. football players hope that of course they will see games in this fall coming our way in a few months. here's what the committee for at least the ncaa is recommending, eight hours per week for weight training, six hours for team walkthroughs and six hours per week for team meetings.

this as one of the top college conferences in the nation is now ready to allow all its athletes back on the practice field this monday. here in a fox business exclusive, we welcome the commissioner of the pac 12, larry scott. larry, as a pac 12 kid, cal bears, does this officially mean there will be college football this fall? >> i know that's the next decision to be taken, assuming things keep going well. what's happening now, starting monday in our league is the restrictions have been lifted leaguewide so that universities that are in state, where gyms are open, where restrictions have been eased, they can start allowing student athletes back for what we call voluntary workouts. that's about strength and conditioning, not going to be on field, not going to be on the courts yet. it is about allowing student athletes that want to to get back, start training, get their conditioning back, and of course get tested for the virus and make sure they're ready to go. liz: don't kill me for asking

this because i'm really pushing you, but will there be fans? will it be at 20%? will there be no one? we're all dying to know if we can cheer on whether it's the cardinals, not the trojans, i can't stand the trojans, sorry, they are a big rival there too, but you know from the ducks to everybody else, sundevils, in the pac 12? >> you know, if things keep progressing here in california and now restaurants are open for outdoor dining, gyms are opening, if things keep progressing, i think we are going to see fans throughout our conference, but i think it will be patchwork, state by state, maybe county by county, certainly in the western part of the united states, i do not expect full stadium from the beginning. i think we will walk before we jog before we run. not just to make sure that we're doing it safely for everyone involved but to kind of build the trust and confidence in getting back to mass gatherings.

liz: i started looking through all of the pac 12 plans. i know with cal, they are yet to making a final decision, but they played unlv august 29th on the schedule. ucla say they will start doing end of june workouts. trojans nothing official. arizona ready. i mean both university of arizona, arizona state, boulder team's ready to go, oregon, you know, the list goes on here, utah as well, good to go on the 15th. but tell me what happens if a player tests positive? you know, are there restrictions as to whether the whole thing will shut down or just an individual team? and then are they pulled off the schedule? >> obviously the health and safety of student athletes and the staff and those surrounding them is going to be a paramount importance. what i anticipate -- we're working through the details still. what i anticipate is that not only in our league but other leagues with nonconference competition, we will have common protocols for testing to make

sure -- or all reasonable efforts have been made to make sure there's no athletes or no staff that have the virus before games take place. if there are student athletes or staff that have the virus, they obviously will go through a quarantine period, sit out, and those that were in very close contact as well. the details are still being devised by our medical experts. we're very fortunate as you know liz in this league we've got schools like uc berkeley, stanford, university of washington, ucla with some of the most world class medical centers, university hospitals in the country, we've got infectious disease experts helping us design these plans. part of it will be contact tracing and quarantining, as far as the state policies. it's why i think there will be an emphasis on prevention, social distancing, hygiene, and making sure there's a staged approach on athletes coming back and we don't have big outbreaks amongst teams. liz: we are looking at on the

screen of something else that matters, and that is the money. in the aggregate, we have 78 million dollars per school. this is an average that comes -- gets raked in from just football, a total revenue loss for all of ncaa of 4.1 billion if there aren't games. i know that the health is the most important thing, but at what point -- how do you make up that kind of revenue if it's not there? >> there is no play book for what you do without football. our athletics department invests the revenue that they generate to support, you know, on average 24 sports, men and women, title ix compliant in our conference. without football -- football is the engine driving the train of college sports. we have 7,000 student athletes that benefit from the opportunity to play college sports in our conference. if there's no football, schools are going to have to borrow,

have to figure out a way to keep supporting the student athletes for their scholarships until the revenue can come back again and hopefully it doesn't result in a reduction of activities for other student athletes as well. liz: isn't that the truth? football rakes it in. it is the engine and really kind of funds the rest of some of the less popular or the sports that really need it and don't have that kind of income. we wish you the best of luck on monday. >> thank you. liz: yeah. >> i was going to say most people don't realize that college athletics is a mission-based activity. it is about supporting as many student athletes as possible. we're hopeful that the revenue does come in and keep supporting the opportunities for student athletes. liz: good to see you, larry. monday is a big day for you guys. congrats. thanks for joining us. we appreciate it. closing bell, we are 37 minutes away. you know, we're still seeing these gains.

we're up 268 for the dow. the s&p comfortably higher by 16. nasdaq up 26. but it is a volatile day. we did just chop 100 points off the dow in the last couple of minutes. so we're watching every tick of this market. oh, by the way, watching, have you looked at this? the design of sony's new playstation 5 already getting mocked for its shape and size? everybody's a critic, you know. but could the funny shaped black and white console surprise all the critics and end up being a big thing? that's coming up after this. stay with us. want to brain better?

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liz: guys, so the russell is up 9 points. the russell got crushed yesterday. we do have the nasdaq now dipping in to negative territory, even though at the high, yes, my post-its match my outfit today. [laughter] liz: at the high the nasdaq was up 275. so kind of fumbled all of that, right, ashley? i mean, what the heck is going on on a day like today? ashley: i don't know, depends which way the wind is blowing, but it's been another crazy week that's for sure. love the post-its matching the

outfit. weight watchers international may be all about shedding the pounds, right, but it's gaining a goal today. it started as a buy at guggenheim as its digital upside the analyst says is hard to ignore. ath leisure company lulu lemon falling short of first quarter expectations revenues fell nearly 16%, e-commerce revenues did jump 68% from a year ago accounting for 54% of the sales. and reports claim the largest u.s. mortgage lender quicken loans planning to file for an ipo. quicken loans could become public as early as next month. the mortgage lender is working apparently with morgan stanley, goldman sachs, credit suisse and jpmorgan to manage that deal. all right, coming up, charlie gasparino will have an inside scoop of the plans on ending government control of fannie and freddie as well as breaking

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liz: i have a question for you, what's in a name? or should we say what's in a shape? stop what you are doing. i want you to look at the screen. sony is unveiling its new playstation 5. they just did it at its future of gaming event last night. the new console, there it is, will come in two versions. there's a standard model with a blue ray disc drive and then a purely digital edition with no disc drive that relies entirely on downloads and streaming. already if you look at it, it is a little different, a little star warsy; right?

gamers having fun with the ps 5 even before it is released. they have all kinds of memes poking fun of the console's new design in black and white color, first comparing to it a modern piece of architecture, a beachside hotel. you got to look at this one. okay, they have decided it looks like a duck's beak. [laughter] liz: even resembling the famous papal tiara that is worn by the pope. new game titles including spider-man game. shares of sony were down earlier, lost some steam after being up but they have popped back up into positive territory by 3/4 of a percent. take a look at how the stock has performed over the last year. sony is up more than 35%. all right, are plans to

privatize government sponsored mortgage giants fannie and freddie suddenly going steal? charlie gasparino has just learned some chatter inside the agency reflects some growing concerns. charlie, what are you hearing? >> yes, i'm going to hit on that in a minute. we just got this coming across from my sources close to me, regarding baseball, the salary and game plan, the latest salary and game plan from mlb is expected within the hour. i'm being conservative when i say that. it could be in the next half hour. expect those headlines to cross, possibly on your show, liz, after i'm done. that's what i understand. this is where i hear it is going to be: we're now talking a 72 game season, and players can make 83% of their pro rated salary if there are play-offs. 70% if there are no play-offs.

the players wanted 100%. baseball has moved off -- is moving up closer to that 100% number from their latest proposal. we will have to see how the players respond. some of my reporting earlier said, you know, they're not moving off the 100% prorated meaning you get all your salary and prorated based on how many games -- for example, if it's half a season, 82 games, you get half that salary. that's what the players want. the owners want to give you now from what i understand 83% of your pro rated salary, not 100. that's where the rubber meets the road. we will have to see how the players respond. this could come out while you are on the air, liz. getting back to the fannie and freddie, this is a huge story for investors. a lot of investors are in these stocks fannie and freddie, hoping they will be recapitalized, released into the public as private companies maybe with a government backstop, and that they will make a lot of money.

stock is trading at penny stock levels, but it all goes according to the investors best guess or what they want, these could be not $2 stocks but $5 stocks. i will say, though, the word i'm getting particularly after the head of the fha testimony before congress is that hold your horses there's a lot of steps to be done. first off, we should point out that he's going to have a hard time doing a full recap and release from government control in 2020. you have to meet capital requirements, and they're apparently not there yet and it is unclear if they will make those requirements this year. so what does that mean if it is going to be recapped and released next year? a lot depends on this election, and from what i understand, and this is people close to joe biden, if he's elected, he will do all he can to push him out and probably keep fannie and freddie as entities of the government. that's what i'm hearing initially from his people. we should point out that it is not easy to throw out the head

of the fhfa. there's a court case out there that says even from independent agencies like that, the president could still remove that person. there's a court case. it is being challenged. the removal of the independent director is one in the lower courts, i think it is going to be challenged to the supreme court, but it looks like biden will have the power, at least if this court precedent stays to get rid of calabria if he gets in there. all bets are off with fannie and freddie then. what does calabria do? he could end the conservatorship before the election, end it soon. it is really difficult if you don't miss those capital requirements. and we should point out fannie and freddie are hiring financial advisors. the fhfa which is the government body that regulates fannie and freddie, they have a financial advisor. fannie and freddie will hire their own advisors for potential

ipo. when they get those advisors, we will get some indication on where they think -- when they think they can do an ipo. i'm hearing this year is difficult, and if biden is elected, you know, all bets are off. calabria is likely to be out and this thing is going to stay under government control. if you are going to buy this stock, not saying this is going to happen, if you are going to buy the stock, keep it in mind. it should factor into your equation. it is a $2 stock. maybe you don't care if you want to take a little chance here, but there's a lot of money riding on this. there is some talk out there that calabria even in a lame duck session if trump isn't reelected that he will push through the reform plans. he will recap it, release it right then and there. again, that's going to be difficult. and, you know, that's a question i will have for mark calabria next time we speak, if there's a lame duck session, do you move forward anyway? liz, back to you. pay attention to the headlines on mlb. they should be coming out shortly.

liz: we are. i'm paying attention to your twitter feed because i know it will be there @ c gasparino, charlie, thank you very much. >> any time. liz: charlie gasparino. we have the closing bell ringing, 19 minutes away. the dow is up 304 points. the markets are bouncing back after yesterday's 2 trillion dollars sell-off. the floor show is here to tell us what they're hitting the buy button on right now, with, yes, 18 minutes left in trade. in this week's episode of everyone talks to liz, my podcast, do you recognize this guy? his name is randall pinkett. he was the very first african-american to win "the apprentice". behind the scenes scoop of his whole experience there. yes, he did end up working at the trump organization. what did he learn from it? and today, how he and his company that he started, multimillion dollars company are tackling racial bias at corporate american businesses.

this is available on spotify, apple, google, fox news podcast.com. i'm telling you, you want to hear this one. it's a great story, really interesting stuff. don't forget to subscribe, rate, let me know what you think. i'm on twitter, not just c gaspari gasparino. i'm @ liz claman. we're coming right back. don't go away. to make up. miles to the job site. the campsite. and anything else we set our sights on. miles that take us back to the places we want to go. and to the people who count on us. so, let's roll up our sleeves. because we've got miles to make up.

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liz: breaking news, wal-mart and the ceo of wal-mart has just released a pretty extraordinary statement. he is saying that the company needs to go further in hiring african-american associates across all levels and positions. i'm looking at this right now, and i just want to read you one quick line from this. he says -- it's a very long letter. i was talking to former wal-mart associate this week who is

african-american, she told me of her time at wal-mart, gave me examples where she experienced slight injustices, but she so much wanted to avoid playing the so called race card that she didn't speak up, but they kept piling up, these injustices, and, you know, he really looked at this. he listened, and he says that's what we're going to do. we're going to listen. we're going to change. we will focus on transparent si in our practices -- transparency in our practices. we are committed to fair pay amongst all our associates. wal-mart is one of the laggards at the moment, been going on pretty much all day, down about 2% at the moment. at the moment the dow is up 420. that would be wal-mart the only laggard in the dow 30. the dow did squander more than 800 point gain earlier, dipped into negative territory in and out, but now looks like we're back up and pretty comfortably there because we only have 12 minutes left of the session. let's flip it over to the s&p and the nasdaq. they gave up their earlier gains. but they're now in the green at

the moment. we have the s&p 500 up 1.2%. the nasdaq is up about 9/10 of a percent. but speaking of the nasdaq, after scratching and crawling back from march lows, the nasdaq hitting a new all-time high. so where do we go from here? did the markets run up too quickly? what should investors be preparing for in the final minutes of the trade ahead of the weekend? let's bring in our traders. phil, what do you think? pretty wild day today. >> it's been incredibly wild. in fact, you know, the volatility has been crazy. i will tell you, if you look at yesterday's market, we were so extremely oversold, it was unbelievable. so the market had to come back. and i think we would have come back a lot stronger except we started to hear fed speak, you know, throughout the day, you know, talking about the long and windy road. heck that's a beatles song. i want to hear about the economy, let the markets do what they are going to do because they are starting to come back and things are looking a lot better. i think they are starting to shake off that correction.

why did we correct so bad? these coronavirus fears, we really don't know how this is going to play out, but i think the market really overreacted. one of the reasons why i think that, take a look at american airlines today, they made an announcement. they seem to be getting more play. that stock is doing good today. liz: yeah. >> if you look overseas in china where this all started, their viruses are down. take a look at gm today and ford, their sales of their automobiles have been going through the roof over there, so that should give us hope that even though we're concerned about a second wave, that maybe just maybe it won't be as bad as people feared this week. liz: okay, general motors is up 5 and change percent. that's a big gain. we have the same for ford, up 5.6%. again, you know, i would tell you, joe, phil's right, these are great moves, certainly, but at $6.47 for ford per share, it was a $10.56 a stock earlier this year, but it was also

$3.96, but i don't know if we can pull up the vix, the fear index. we saw two year high spike yesterday. we have fear coming out of the markets certainly today, but, you know, yeah, i had said earlier on fox news this morning that the markets are inextricably linked to these headlines depending on what they are and the coronavirus. it is not going to be an even move. look at the dow, up 503 points right now. >> very typical in a bull market when secular rotation happens, it is not always pleasant very often it is violent. as the leadership is coming off a little bit, by far the leadership has been nasdaq 500, this is where it's at, america 2.0, names like microsoft, apple, facebook, amazon, google, they have been leading the charge higher and now that we see the nasdaq 100 starting to peel away a little bit, we're starting to see that rotation

happen. we're seeing that rotation happen into the other names, so we're seeing the weakest names pop out, planes, trains, automobiles, who would have thought that that's where the money could go? but the capital always finds its best spot to go. if that's where the biggest gains were to be had, that's where the market has gone. liz: yeah. apple and microsoft both up 1%. so whatever opportunity you had to buy cheaper yesterday, looks like that's gone. john, phil, great to see you. folks, note the dow, up 501 points, high of the session was a gain of 837, but we've been negative. we've been down 49. so it's been a pretty significant swing with a little bit of whiplash here. closing bell, we're 8 minutes away. cyclical stocks, they have been making such a comeback, but our countdown closer has three names he says are prime to protect your portfolio's margins what is that? what are margin protectors?

"the claman countdown" is coming right back. we will teach you what that is, how to do it, and how to protect your portfolio. :: ♪ ♪ yeah ♪ hey, hey ... i'm greg, i'm 68 years old.

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learn more at massmutual.com/healthbridge ♪ >> liz: closing bell, guys we're just about five minutes left and we do today have a nice bounce from yesterday. what a disaster that day s&p down 1,800 plus point, i mean the dow, but could i just say, we always come so far anyway, we're still up double-digits for the year. certainly since the low, but for the week, it's not the most pretty picture. for the week, it's not a good one. the dow will have ended down 5.5 % the s&p down 4.6% the nasdac down 2% but there has been winners and losers, for that we go to ashley webster hi, ash. ashley: isn't that always the case here hi there, liz let's begin with the winners why not looking at the s&p 500 the

broader index why not let's begin with clorox, i still want find clorox wipes anywhere so just tells you the demand to stock up nearly 3-4% on the week recently reported its biggest sales increase in nearly a decade and adobe systems analysts impressed apparently with its recurring revenue prospects that stock up 3.5%, take two interactive news it will be featured in sony playstations 5 with grand theft auto 5, people make fun of the new playstation, but whatever, now let's take a look at losers, one oak that's a natural gas company, down 25%, paying a heavy price for trying to raise equity, nordstrom, you know, we've seen a big shift in consumer discretionary stocks, back into big caltech and doing okay in the last week but now down for the week 22%, pvh same thing the owner of calvin klein also down about 21% on the week, liz? >> liz: ashley great to see

would you believe somebody stole my clorox wipes out of my car? hello? ashley: i believe it. terrible. >> liz: good to see you have a good weekend ashley. thank you very much. our countdown closer says you've got to strengthen your portfolio for days like this , with what he calls margin protector s, mai capital management chief equity strategist is here and joins us now. give us your definition of a margin protector stock. >> sure, liz. it's something that it's a combination that can protect the margins even as everything has gone to hell in a hand basket so that got us through the rally so the question is do you take these margin protectort off the horse and switch to the cyclical horse which is calling plains, trains and automobiles? i think it be a mistake to switch. i think we're seeing a great gift given to investors, the market was up 40% from its low to highs of just last wednesday, and, you know, i think you should take that gift

and cover" it, and not squander it and like about a half hour ago on your show was said, be very cautious at this point, because a lot of things can go wrong and everything has to go right to support the current valuation. >> liz: yeah. well your picks for margin protector s are abvie pay pal and act it vision blizzard so what is the common thread en in all three of these? >> you got healthcare, technology finance, with pay pal , you've got communications and entertainment with acti vision, but all of them can make money, even in lockdown the people who need their drugs, they actually play their computer games more with acti vision and as you know, digital payments are off the charts so pay pal has about in three months they've grown what they thought they would grow in almost two years so that's terrific. >> liz: great to see you, chris.

chris crisanti, thank you very very much. >> [bell ringing ] >> liz: we'll put chris' picks on facebook.com/liz claman. there is the closing bell after a rough and tumble week the dow closes up 490, s&p better by 40, nasdac a nice gain of about 100 have a great weekend. melissa: a rally that almost wasn't today, the closing off session highs after the center for disease control warned that states may need to reinfluence strict social distancing measure s if cases go up " dramatically. i'm melissa francis. connell: i'm connell mcshane good to be here with you on friday welcome to "after the bell." it was a weird day on wall street the dow was up 800-plus points at the high of the session which was really early on, one point turned negative but closes up by 477 points, the s&p up 39 at the close, nasdac with a nice rally as well up by a little more than 1%, rebounding following the worse day for the market