and happy birthday my friend. >> thank you my friend, appreciate it. charles: all right, liz claman, we're up all the major indices, up the highs of the session but more importantly, way off the lows of the session because it was tough at the start of trading. >> liz: a thousand-point swing from trough-to-peak? nice, i'm liking that certainly, and it's great for the bulls. thanks, charles. investors urge to buy on the cheap. that's really what's snuffing up fears of a second coronavirus wave. a topsy turvy monday session is about to kickoff its final hour of trade. you're in the right place and there was no bounce this morning the dow fell 760 points but check it out now. the blue chips are up 144 after the fed fired off a new corporate bond buying canon. the nasdac jumped 135 points off its lows, and after gapping down the s&p is now up 23 points, but

not before the bears came out swinging on news that 22 states now see increase in coronavirus cases and hospitalizations, as social gatherings seem to be replacing social distancing. ridesharing startup via found itself in the middle of the covid-19 reopening whirl wind already forced to up end its entire carpool model and the uber/lyft rival faces another curve in the road as the virus rears its head again, and we have a fox business exclusive on why there's opportunity versus calam ity. this is the debate over restaurants reopening rages on crowded scenes like this one leaving new york governor andrew cuomo to threaten new lockdown orders. coming up the secret weapon helping everyone with restaurants to the nfl declare victory against covid-19. no wonder their product is sold out right now. and whatever you ordered online

during the pandemic, there's a good bet bubble wrap came wrap ped around it as its stock charges 25% higher quarter-to- date. we're about to show you how bubble wrap king sealed air is taking the human touch and potential pandemic spreader out of the delivery industry, the ceo is here plus another super charged win for elon musk. the surprising stock arnold schwarzenegger is pumping up and charlie breaks it we're less than an hour to the closing bell let's start the "claman countdown." >> liz: breaking news, as warner brothers pushes back the release date of christopher nolan's " tenant" this big movie everybody is dying to see due to the coronavirus pandemic. the academy of motion pictures arts and sciences just confirmed that it is pushing the 2021

oscars from february 28 to april 25. the eligibility window for films is now going to be pushed back to the end of february instead of to the end of this year. you know there's usually this massive rush in december to get these movies out. the academy did not discuss whether the ceremony will have the famed red carpet and live audience. we've got to wait on that news but right now the movie makers are mostly higher with just lions gate trailing about 2.25% everybody else is up with sony taking the lead up 2.75%. the biggest names in video gaming are charging higher in this final hour of trade on the prospect that they may have to enter mortal combat to win what could be the next big industry pride. at&t's reported sale of its warner brothers interactive entertainment unit which boasts blockbusters including mortal combat and likely acquirers electronic arts and aboutivision belied and, take two as well are all jumping higher we've got ea up 4 1/3%,

but look at at&t it's also see ing a gain of about a quarter of a percent. former bodybuilding star arnold schwarzenegger shows he's got the muscle to move at least one stock. look at genius brands it's getting lifted by 9% right now, on news that arnold is going to star in and co-produce a new animated kid series for the children's entertainment company. now, under the agreement the terminator star will receive warrants which of course would make him an investor. a little bit of incentive there for him to do even better. well if you bought this stock at just the beginning of the quarter you must be a genius because the stock just quarter to date is up 1,541%. investors who pause into hertz rental car stock last week during a fender bender at this hour after filing for bankruptcy a week ago, hertz was granted permission to sell $500 million in common stock

even after warning investors you may not get your money back. the stock today is down 34%, but on friday, the stock surged after hertz announced its plans for a share sale to raise as much as $1 billion in cash. well you can see , there was a big spike here but now not so much. tesla stock is heating up in this final hour, even after friday, morgan stanley cut its rating and price target on the electric vehicle giant the stock jumping on data today that shows tesla registration, specifically in china, in the month of may, jumped 150% month-over-month. well everything was shut down in april as you know but tesla not shut down at all gaining 5.6% to $988.26 and by the way speaking of china the ground zero for this coronavirus has suddenly restarted at least one lockdown after a new outbreak of the coronavirus cases and its a big one, near beijing.

the world health organization says more than 100 cases have now been confirmed in the nation 's capitol. china is warning of a "very high risk" that the new cluster of cases could spread. it's not just beijing seeing a rise in cases. here in the u.s. we have 22 states now with texas and arizona at the top, that are seeing number of cases jump as states continue to reopen. while medical officials warn that a second wave was definitely coming, most were not expecting it to happen this soon supposed to come in the fall. major averages though, folks we're still up double-digits since the march 23 low across-the-board. look at the nasdac, up 41% since march 23 followed by the dow up 38% the nasdac up 37%, but you know, there's a nagging question here. is this rally off the bottom sustainable or did investors just get snookered by a bear market rally so our floor show,

we have the ceo and cme trader phil flynn. ross was it the shortest recession in history or were investors who piled in last week victims of a bear market rally? >> yeah, you know, i think that one be really really confused. when you look at even after the economy opens now, just amazing amount of effort every business has to put in j customs they can serve compared to the past, and all the stimulus we've seen on the short-term has really put off the real pain of coronavirus economic pain for a little bit of time and i actually really fear the fall when these unemployment checks stop coming, and the jobs aren't going to all come back, and we're going to still be in a recession for a little bit of time here, and so -- >> liz: yeah, but would we test the march 23 lows? >> i think the march 23 lows was based a lot of fear at the

time of the unknown so i think that was extreme on the sell-side, just like i think the rebound has been extreme on the bounce back on the upside because of just massive fed stimulus but i think when it all shakes out, i think the market should trade somewhere around 20 times this years earnings which look at around 140 so that's 2,800 is where we think the market should be, so we think the markets over valued right now and it's all based off fed stimulus as you saw today. the realof was offset by just the fed talking up the market again, so the reality is we have a real big fight in front of us with coronavirus. this is not going to be that easy. i'm sad to say, really. >> liz: well phil let's bring you into this conversation. how do you see it and let me throw this into the discussion. we finally saw some life in the ipo market. everyone from warner music, we've got these names out there,

nicola which was a different way of going but all of these companies are now higher than their ipo's that came in just the last week or two, so tell me what does this say, is there a little too much froth or do you get the better sense here? >> no i get a better sense because listen when you think about it, this ipo market, the hottest since the last financial crisis, we're starting to see some real confidence in the future, in the opportunities going forward and yeah, we're fighting the covid virus, but you know some of the reports i think the market overreacted to the increase in cases. the majority of the world right now seems to have this basically under control. we're flattening the curve in most parts of the world so this could be a statistical anomaly something we have to watch but i don't think it's a situation we're going to close everything down, but i will say this , when we look at these ipo , tesla if he had a

middle name i'd start a company because every time you start an ipo with tesla it does pretty good so i think we could do something like that but listen you can't fight the fed and i think the federal reserve, you know, your other guest was saying he's talking the market up but it's like yeah you want to listen because they're telling you they aren't going to let this thing crash again and that's good for stocks. >> liz: yeah, accept when we got the sell-off on thursday. ross real quick. >> in the most conservative position we've ever had and i think the data that you mentioned is incorrect. covid cases are rising throughout the world. it's a disaster now in many places in the world especially the emerging markets, and i think the fed isn't going to be coronavirus so as much as i love the fed and such, and i'm not in the short side of the market that's not what i do, we're an incredibly conservative position and i think that this denial of science is

ultimately going to come back and hurt us, so i in more all people to please wear masks in public and we know this works and we've got to do a better job being intel it genetic as a community or else we're going to suffer from this for a long time. >> liz: great to see both of you , thank you very much. >> thank you. >> liz: bear market rally or not it's a pretty resilient market right now the dow is up 205 points, ross, phil, always a pleasure to have you we've got the closing bell ringing in 49 minutes. strong rally here, considering n when the market opened which was a big stumble out of the gate. two covid-19 vaccine hunters going global. providers israel with a vaccine and astrazeneca to sign on to give 400 billion doses of its candidates both stocks moving higher, look at maderna up 6.8%.

this push for a vaccine is still in overdrive as coronavirus cases jump worldwide. up next, what rideshare via is doing to stay on the road, despite these new spikes in key markets, particularly one of them in texas. the "claman countdown" is coming right back, we've got the ceo of via, next. i just love hitting the open road and telling people that liberty mutual customizes your insurance, so you only pay for what you need! [squawks] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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>> liz: as reopenings rumble across the united states, texas had some somewhat alarming numbers here. texas has recorded its highest number of covid-19 hospitalizations so far during the entire outbreak. in fact, the last six days have brought increasing new record highs. the number of people hospitalized in texas hit a record high, up 2,287 on sunday. still, the state is moving forward with its reopening plan, and ridesharing service via is part of that plan, as it operate s in arlington, fort worth, and one particular hotspot, austin. via's rideshares compete with uber and lyft around the world operating in more than 70 cities and 20 different countries.

via though has really had the earth move under its feet. it's now forced in some areas to go into a single ride system but during normal times it's on demand's transit system was aimed at booking multiple passengers, heading in the same direction into a shared vehicle for a lower cost. i think that's called carpooling except with strangers. daniel remote is the co-founder and ceo of ride hailing service via. welcome back, daniel. thrilled to have you. i don't envy you. my goodness i just said the earth is literally moving under your feet as you try and adjust to every single state and their new rules. what has this been like for you particularly in texas. >> it's really a pleasure to be back on the show thanks so much for having me and you're absolutely right. i think transportation during covid is a business that is both incredibly tough to be in but also incredibly exciting if you think about what we went through as covid struck in some markets, for example, in new york we saw

ridership decline as much as 85% or 90% but in other markets where we're providing software to power public transit systems all over the world as you mentioned, now nearly 100 different places around the world, we had an opportunity to work with cities directly to really try to help them overcome this crisis. in dozens of our cities we took our service and transformed it literally overnight to focus on essential workers and particularly on health workers and other essential employees to try to get them where they need to go, a lot of the times the train system wasn't working any more so that's been a really exciting challenge. in some cases we took our systems and transformed them to help cities deliver food, meals for kids in need, diapers, formula something we're doing all over the country and washington d.c. >> liz: as we look at what's going on in texas though tell me what your requirements are, what the protocols are so that people who don't want to go on buses because they're too crowded and they don't want to go on public

transportation other than that are looking to via and saying do you know what? i'm going to hail this ride. >> so in texas we have a very interesting model which is true around the country and we worked with as you mentioned those three cities to provide what's called now micro-transit which is something between a bus and a private car. you can book a seat and usually a van and share that van with multiple passengers headed in the same direction. now, obviously, with covid we had to take certain precautions and make meaningful changes to our system. we've reduced the number of passengers that can be allowed in each van at the same time, and in some cases down to only two or three, and we're obviously going through intensive cleaning protocols both the drivers are cleaning vehicles and we have daily and sometimes more than daily clean ing protocols to make sure vehicles are clean and where possible we're asking certainly drivers are required to wear masks and we're asking passengers to wear masks to the extent that a state or the city allows that is also requiring.

>> liz: you know, we also have seen that month over month, uber and lyft have definitely seen increases in their rider ship. tell me what you're seeing on the ground as the states start to reopen? >> yeah, so i would say since the end of march is probably the low point as far as rider ship. we've seen depending on the market anywhere from two to three times growth in that rider ship, as of sort of the last few days so definitely seeing a recovery thanks to the reopening and with that recovery comes some real challenges especially for traditional transit systems like buses and trains, as they become over crowded people are starting to board those systems more and more, and if you look at the place like new york for example, , we hear consistently in surveys that the number one thing that worries employees about coming back to work is public transportation how are they getting to work and this is where we think there's an opportunity as you said liz transportation during covid is really tough and there's an opportunity to innovate and create new systems and new ideas

we, for example, have developed a system that allows you to book a seat on a bus. i know it sounds crazy but think about boarding a bus and not knowing how many people are going to be on it during covid. maybe it's helpful to know that there is only a few surrounding the other people so we really think technology can play a huge role in transforming public transportation during covid and post-covid into something people can trust again and get them back on the system by giving them certainty that it's going to be a safe ride. >> liz: daniel remote of via, and i told my viewers do you know what? he's looking at opportunity versus calamity. that's how entrepreneurs think just like you good to see you thank you so much and we wish you the best of luck as the state that you do business in starts to reopen. thank you so much. closing bell ringing in 39 minutes, we do have the dow holding on to triple digit gains up 110 points right now. new coronavirus threat, yes they are popping up all over the globe, but we've got the

company whose secret weapon, corporations from delta airlines to casinos to the nfl are all using to deep clean, as they continue preparations for reopening. the victory of victory innovation, the ceo he's going to spread the message or should we say spray the message, next. the "claman countdown" is coming right back. at carvana, no matter what car you buy from us,

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over a billion dollars in transactions, and more than a half a million clients worldwide, u.s. money reserve is one of the most dependable gold distributors in america. >> liz: well, airline stocks right now are losing some of the altitude they had gained in may. it was so welcome for a lot of people who stuck with these stocks or dove in when they were very very low in the bottom of march but now we have questions flying. will travelers suddenly get spooked by rising cases? let's look at some of last months high fliers. united airlines had been just a real winner last month. it's now down just 1.6% but we

can still see that a little bit of red over the past couple of days has been disconcerting. looking at delta airlines we can flip it over to delta we know that despite getting approval from the chinese government to actually start flying again and resume flights thursday in shanghai, this thursday, delta service in the original epicenter of the coronavirus outbreak has now been completely suspended since february 6 so right now, delta actually it was down, it is now flipped up about half a percent. well, could it be this device, right on your screen, that we're about to show you, that will really calm everybody down and help names like delta get back on china's runway? you're looking at the victory innovations handheld sprayer this is a cleaning device, that helps companies including delta, many other names, from gyms to restaurant, keep their surfaces squeaky clean, fast and easier.

let's welcome victory innovation co-founder chris garerri. chris you're sold out am i correct of all of your products? >> we are sold out for next couple months, liz but we have product coming in on a continual basis now. >> liz: i mean, your handheld is about $700, and then you've got the one that looks like a backpack which is what we're se. those because they can have more of the actual spray that goes in there. those are $1,750. where do you manufacture these and can we speed up the supply chain? >> yeah, absolutely, liz. it's amazing we started this company seven years ago, we've been shipping product for four years, and just getting product here as fast as we need to has been a major challenge. in fact just yesterday we landed a 747 cargo plane that had 14,000 sprayers on it ready to get out to distribution as fast

as humanly possible and our backlog has been in existence now since about march of this past year, but we continue to bring in a stream of products our demand has literally gone through the roof and we're shipping more than 10 times the amount that we normally would in this time of the year. >> liz: all right and i just want to let our viewers note. we suddenly lost steam on the dow we're now up 74. we had been up 200 within the last about 10 minutes so we're keeping an eye on that but chris explain to our viewers, how it actually works, because you know, you now have the contract with the national football league. you do have delta and some gyms i know, and some restaurants, but how can you promise me if i were to invest in one of these things the coronavirus is not going to live on surfaces? >> well to be honest with you, liz, the whole premise is that if you walk into a facility and it looks clean it must be safe. we now know there's a difference between a surface being cleaned

versus a surface being safe, want we do is we allow people to spread disinfecting chemicals better than anybody in the world and we do that because when you spray a chemical through our machine, we electrostatically charge those particles and make them all positive so think about your science class back in high school and when you have the same charged particles coming out of a sprayer they don't want to land on each other they avoid each other, so they hit these surfaces with a real thin coating which allows the chemical to do its job and kill any germs on that surface. in fact, if you spray things like a dumbbell in a gym, because they keep looking for clean surfaces they will literally wrap themselves around the back side of those dumbbell handles. we really just provide a way to get 100% coverage on the surface >> liz: you've got a list of big name travel clients. what other sectors?

you're hearing i would imagine from the casinos. casinos were very hard hit you think about touching chips and dice and oh, the tables and everything. i mean, tell me what you can do for the casino industry? >> if you think about axio got thousands of touchpoints from the machines, to the railings, to the cars and the restaurants to the cars and the service contractors are walking into casinos with our backpacks and literally spraying every surface in the entire location. from things that you would touch with your hands to where you'd walk to where you'd sit for dinner and literally as people leave those machines they will go back through and re spray them and the amount of spray that they put on there, depending on what they are trying to kill it'll dry somewhere between 3-10 minutes so that machine or that hotel room could be used basically immediately after one guest leaves and they are getting ready for the next guest to come in, but it's not just casinos.

delta airlines came on board right when this pandemic struck and we've all known that airplanes are a little bit dicey and we all try to get on there and wipe down the areas around us but now it's going between every flight and disinfecting the entire un airplane. it's phenomenonal. >> liz: chris you're doing great work i hope you get that product back in because there are a lot of people who want one of your sprayers right now it's great to have you. thank you so much. >> thank you. >> liz: chris gerreri of victory innovation. he co-founded it years ago without knowing there was a pandemic coming. big move. closing bell we're down 28 minutes away nasdac up 100 points what happened to the dow? we're up 11, we had been up at the highs, 286, but remember, we had been down 762. so, the topsy turvy action i mentioned at the top of this hour is still in play, but

we may be about to turn negative for the dow. the days of spring down your packages may soon be coming to an end as contactless and reduced human contact packaging solutions have taken over. bubba wrap giant sealed air, the ceo is joining us next on their brand new contactless technology. it's a fox business exclusive on the "claman countdown" oh, yeah and the stock has been on a tear quarter-to-date.

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you think you're gonna to get rich quick. because you... >> liz: we are just getting this breaking news in plume berg news has just reported that jpmorgan will plan for half of its traders to return to the office this july. the investment bank had already started bringing back workers in hong kong and israel but the big question is what about here in new york, and these u.s. operations? again the new news is that they will be bringing back 50% of their people when they reopen in july. all right, dow jones industrials for a second there when i hate being right, it did turn negative by about 37 points, so we're back up two points now in the green. how is this for an airtight plan sealed air. this is the company best known for bubble wrap and cryo-vac food packaging is going all in on a touchless contactless future as

human-to-human contact remains the threat in the age of covid-19 and the changes sealed air is making to insulate its business could revolutionize the entire consumer packaging industry. let's find out how. the ceo and president of sealed air, ted doheney joins me now in a fox business exclusive. great to see you ted i've wanted you on for so long because this is a fascinating business that is very tightly intwined with the online orders and the food industry but tell me exactly what you mean first about touchless technology. >> great first of all it's a pleasure to be here with you, liz touchless really connects to automation but touchless also defines keeping people out out of harm's way whether it's a meat packaging plant where you're putting meat into a package where you see it on television people are close together putting that meat into the packages to a high speed fulfillment center that's literally shipping thousands of products. so what the touchless means is

how do you keep people out of harms way and bring automation. what automation means to us is equipment with the service and then the material to do that the most efficient and sustainable way possible. >> liz: ted, i'm looking at what you just showed when it comes to the actual robotics i didn't see a single human there and i don't know whether to be encouraged or kind of devastated by that. does that mean that they're going to be jobs lost? but i get it. we saw what has been happening with the chicken and beef processing plants where this is an aerosol-type of virus. it comes out in particles from people breathing and therefore, you've got to keep people away from each other in the distance there. >> correct, and it actually, it can take people out of dangerous areas, so our packaging today is going to be actually talking to those robots, talking to cobots.

even the grocery stores as we move toe-grocery. so the issue actually with most of our customers it's actually labor shortages so we've been actually before the virus hit, they could get people, so in the packaging industry its actually been a labor shortage, getting the right people there, so we were ahead of the curve we actually made an acquisition last year to better prepare us for this coming. >> liz: do you have any insight, you know, i was thinking because we've been the king and queen here at my household of deliveries,, and everything comes in bubble wrap and you guys are the king of bubble wrap ped. sealed air is exactly what it is do you have any idea what is the true driver here for that part of your business? >> well it's actually the efficiency of the packaging space. if you think about the mailers that you get home that literally , there's hundreds of millions of mailers that we produce and others, and i wish

we were the only ones, but we're not, so and what that did is actually eliminated boxes, so as the world is becoming your home is becoming the store so you don't want stuff all over your house. you want the minimal package, which is air, in the bubble wrap , is a great source. very minimal amount of material, and it preserves the product, protects it, and puts it a little around the package, actually, a bag, so that's really what's driving. the presentation, the store front is going to be your home. it already is and more of that to come. >> liz: yeah, i'm a big tree hug ger, greenie. i like recyclable products and its always bugged me to think about bubble wrap, whether it was from the past or today that we see that isn't recyclable. how big is your recyclable bubble wrap business growing? >> great question.

actually, me personally, and joining me i've been in the industry now for two years. we've actually joined the alliance to end plastic waste. the issue with the waste is we don't want to put the stuff in the ocean. i was actually in the ocean with the research vessel seeing this problem, so we're attacking it. we're actually putting sustainability first and foremost. we're actually driving the circular economy, creating bubble wrap now from recycled content. we're going to make our 2025 pledge in eliminating the plastic waste, so you're seeingd content and some pretty interesting things on the recycle front that are still to come. >> liz: ted, i know you wouldn't do it if it weren't good business, congratulations and thanks. the stock by the way for our viewers is up 25% quarter to date. see you next time, ted and thank you very much. >> great. >> liz: closing bell we are ring ing in 17 minutes, we've been watching the dow it's kind of jogging back and forth,

toggling up and down on the flat line. we're up right now by 23 points. cruise lines may have stopped sailing in mid-march after dozen s of ships you guys knew this they reported major coronavirus outbreaks, but did you know thousands of cruise workers are still, months later, trapped at sea? that story, and you need to hear it, coming up, next. ♪

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>> liz: well, many of you remember those dramatic cruise ship evacuations back in march when thousands of passengers were finally released, and they were able to get back on dry land after being quarantined in their tiny cabins for weeks.

well, that's all very nice, but it turns out many cruise line staff members never got off. in fact, they're still trapped on the ships. how many are you talking about? are you ready? 40,000 cruise ship workers are still stuck at sea due to the coronavirus concerns. this is three months after the industry shut down in mid- march and reportedly these workers aren't getting paychecks cruise line stocks are hitting rough waters today after a pretty decent move upside last week we have carnival, norwegian , royal caribbean dropping a little bit here and there as we look at fears of this coronavirus second wave but what does that really mean for those workers? makes it far less likely the cdc and international authorities will allow workers to disembark or for that matter, let ships take off with passengers in late summer. we shall see. >> all right dow jones industrial is up 55 points from charlie's tweets to the market's ears could the recession already

be over? charlie gasparino tweeted the answer to that question. could be yes, or just about i want to say an hour and 40 minutes ago and with this come back in stocks was the street listening? breaking news, jay bryson, this is wells fargo's chief economist telling big investors here is charlie's tweet, that the covid recession likely ended in april, it will take about a year to show in stats. apparently, called it the shortest deepest on record, unemployment dropped to 9% by year-end, 6% by 2021 some job, however, lost for good. charlie, jay bryson making a bold statement you've got the news but what if the second wave gets worse? charlie: good point couple things here, he made a comment today to officials at blackrock, the world's largest money management firm so that does have an impact. i tweeted out this around 11:50 the market was red at that point

looking like it was heading another leg down and then after that, it did start picking up. the real move in the market came as you know when the fed came out and said that it's going to be buying individual corporate bonds so something along tows lines and the fed you can't tighten the fed and that's why the markets a lot higher they were in very positive territory for a while and now it'll bounce flat, i guess that's what we have now flat? yes, in that area but here is what we know about what bryson was saying and it's fascinating because if he's one of the growing number of economists that are saying that this thing is, you know, as a recession it was really bad, but it's essentially over now, and things are going to get better, and that's what he said to blackrock he also said that the blackrock officials he doubts there will be another round of shutdowns, he thinks it's too politically unpalletable for governors even in our states even as you have

cases speaking, this is something that we're going to have to essentially live with and the economy is going to have to deal with. i thought his prediction about 9 % unemployment this year is pretty rosy 6% next year, we're not going back to 3% for a while which is what we had but this thing did cause massive economic pain but apparently, according to his numbers, and you know he's a pretty sober guy you don't hear jay bryson making crazy, wild announcements, i don't follow every move he makes he's not some sort of radical economist and he has no business hyping these numbers because you do that to a big client like black rock and you're long and you're no longer a big client any more so also what's interesting is the shortest and deepest recession on record, that ended from what i understand, he said that it ended in april or may, and that's pretty fascinating, and it would correspond with some of

the fed action, the massive amounts of stimulus that got thrown into the economy liz, this is a good, if this is real and there's a lot of good evidence to show that what bryson is saying is accurate it's great for the american economy and it's going to be used if this thing keeps going this is where it becomes economics becomes political. it's going to be used by president trump as he runs for office. he's going to say simply this. the country is in turmoil right now. the economy is improving based on my, what i did and how i stimulated the economy, how i pushed the fed to ease, you know , why go to somebody else? and you can make that point because these numbers are, if you listen to the people like bryson, again a pretty modest, middle of the road economist these numbers will continue to get better. i'm sorry i cut you off liz, what did you say? >> liz: i just wonder about these corporate zombies.

you know, these are these companies now that have spiked in number where the cost of servicing their debt actually exceeds their profits. i mean, the number of these companies people should be really careful when they invest because there are a lot of corporate zombies out there and something to think about. charlie: a lot of companies like hertz, for example, you know which is in bankruptcy, a lot of them went into bankruptcy because they borrowed so much over the years as donald trump, the president, was jawboning jay powell to keep interest rates low this is before any, before covid as early as late as last year, and they got into trouble, when the recession hit, and because they were so into debt but be that as it may it's a different argument and he's looking at the overall economy and it's getting better to his analysis and most mainstream economists i should say, less

back to you. >> liz: good to see you charlie happy monday, thank you very much and yeah, we're up 101 points, this is proving to be a very topsy turvy final hour of trade just as we had said. "claman countdown" will be right back don't go away. ♪ ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeah ♪ hey, hey . . .

♪. liz: all right. what's going to happen in the next 12 minutes? that is when the closing bell rings. look at stocks, they are holding on to gains. it has been a whipsaw session. six 1/2 hours ago when the markets opened we saw immediate follow through from last week's sell-off. the dow fell 617 points. then, ah, the nasdaq became the first to break into the green. all three major averages now positive. and the russell is also up about 28 points at its low small caps were down 44 points.

new individual corporate bond buying seems to have lifted stocks. with the dow up 95 points. get to this story, dow component walmart moving to make a linkage with shopify. andy katz joins us now. you like only one of these two names. which is it between walmart and shopify? >> for me it's walmart. i think what the shopify transaction does build on walmart's credibility. walmart is the second largest e-commerce player in the u.s. far behind amazon dominant position. it helps walmart build breath, the same way amazon built breath offering more third party sellers. liz: looking at walmart. it is up just a fraction. andy, give me what the market is thinking right now. it has been a rough day even though we're up. >> it has been a rough day and we are up. i think market sying this

federal reserve came out with additional -- [inaudible]. [closing bell rings] another stimulus. liz: every time. >> every time the federal reserve takes action it is confidence building and -- liz: there's the bell, andy. we got to run. thank you so much, that will do it for the claman "countdown." melissa: volatile day on wall street. dow swinging 1000 points from high to low. federal reserve announces it will buy individual corporate bonds. i'm melissa francis. connell: and i'm connell mcshane. welcome to "after the bell," everybody. the dow was down at the low of the session more than 700 points. boy, look at the turn around we had. at one point we were up 280 some points. we closed higher by 157 or so. now the s&p 500, nasdaq also kicking off the