again, the word is meandering. at a great level, but meandering. something tells me that won't change in the next hour. liz: if this is meandering, i'm taking it. i'm happy. thanks so much. charles, you know what, we are about to witness whether the bulls can pull off a third straight day of gains. the combo of record retail sales, the possibility of a $1 trillion infrastructure bill and potential treatment for covid-19 has wall street rallying with 59 minutes to the close, dow jones industrials charging higher by 560 points. the s&p up 61. look at the nasdaq, gaining 1.75% or 165 points. are there any fiscal conservatives left inside the beltway? mr. sunday is here on this tuesday to reveal what the infrastructure plan really says about the republican party and whether the bill stands a chance before election day.

fox news sunday host chris wallace pulls back the curtain on d.c. spending, plus his heart-stopping new book "count down 1945." and worries about a second wave of the pandemic persist as the black lives matter movement charges ahead. the man who checks all the boxes when it comes to this multiple layered intersection, dr. wayne frederick, not only the president of howard university but also a surgeon who is uniquely qualified to put it all into perspective. it's a fox business exclusive. what do movie star arnold schwarzenegger, billionaire warren buffett and marvel super hero creator stan lee all have in common? they are all part of a new channel for toddlers and tweens just launched by genius brands. with its stock making an absolute moonshot, genius's ceo is here in a fox business exclusive on what some are calling the nickelodeon killer. plus, ebay executives send a bloody pig mask to critics?

making money on real estate investment stocks that don't get freezer burned from the retail ice age and charlie breaks it on stimulus 4.0. let's start "the claman countdown." liz: breaking news. it is the closest any company has ever gotten to a $2 trillion market cap and guess who's doing it. apple. apple has just vaulted over the $1.5 trillion market capitalization level. market cap is the total dollar market value of a company's outstanding shares of stock. apple at this very moment stands at $1.52 trillion. this even as european regulators investigate the tech giant over alleged anticompetitive behavior in its mobile payment division. you know that's called apple

pay, and the app store. right now we are looking at shares charging higher by 2.5%, standing at $351.65. with its app store revenue booming, and the pent-up demand for apple devices continuing to increase, will the final $500 billion on its path to $2 trillion be within easy reach? we will track it for you on "the claman countdown." all right. they say smart investors take profits when the going is good and that appears to be exactly what softbank is doing or about to do with t-mobile. reports that softbank group plans to sell up to two-thirds of its stake in the carrier early next week to the tune of $20 billion has investors kind of following suit here. you have t-mobile down 1.7%. as of february, softbank owned 24% of the t-mobile/sprint merged company. softbank is up half a percent because t-mobile has gained 23% quarter to date. clearly, if you are smart, you want to take a little bit of

profit off the table here. that looks like if it comes true, that's what softbank is doing. take a look at china's version of netflix. okay, look at the spelling of this thing. iqiye. it's skyrocketing on reports video streaming rival tencent is looking to become its biggest shareholder. iqiye up 23.33% right now. tencent up 2.25%. iqiye is a hot property in a sector boosted by stay-at-home policies. why show baidu? because baidu owns more than 60% and report is tencent approached baidu to acquire a stake. the news comes as beijing says it will expand its coronavirus lockdown as cases start to pick up in the nation's capital there. the move to cut lockdown weight gain is giving ww international shares a boost. the weight management company is reportedly having subscriber numbers that shot up 7% year

over year in early june. you know, we are really only at june 16th here. first half here, more and more digital members are signing on since mid-april. ww is up 18.5%. let's get to eli lilly. this is an important one. eli lilly surging after its breast cancer therapy met the main goal of a late stage study. also worth noting, the drug helps decrease the rise of cancer recurrence or death, giving it a leg up over pfizer's competing drug. eli lilly up 15.25%. but look at the dow, up 527. we are looking at a rocking rally in this final hour of trade. here's the number one driver. no doubt it's the may retail sales which blew away estimates, all estimates. take a look at these amazing numbers. even autos. retail sales up more than 12.4% last month, far outpacing the 8% estimates. retail sales up 17.7%.

but okay, you know me. i'm all about giving the full story. should there be an asterisk at the end of this all-time record jump in retail sales? how much of this spending came from people going hog wild with their government stimulus checks? add to that those getting additional unemployment benefits which are scheduled to eventually scale back. this particular issue was flagged on our show yesterday by gerber kawasaki ceo ross gerber. here's how he put it. >> all the stimulus we have 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 the unemployment checks stop coming and the jobs aren't going to all come back and we are going to still be in a recession for a little bit of time. liz: okay. okay. let's say ross is correct, regardless, there's always a trade.

what's the trade if and when the stimulus runs dry? to our floor show traders. scott redler and phil flynn. scott, to you first. which stocks will do well, do you believe, even when the government money runs out or at least goes down to a trickle? >> well, i think the sector that's been leading the market is the tech sector. it's been leading the market for the past few years. even when the stimulus checks run out, i think you could be somewhat safer in strong balance sheet type names like facebook, like amazon, like apple, and i think some of the retail names had a perfect storm. lots of people been at home, they haven't been working, so they have actually been going to home depot and spending some of their stimulus check. households are getting like $1200 a month now from the cares act and unemployment and they got bonus checks so the fed did their job. they put a band-aid like your past guest said to let people still spend money, stimulate the economy, but when that runs out, some of these retail names that benefited from the influx of

spending might falter. i think home depot, you have to be careful with. i think you still stay with the tech sector. liz: you know what, i think you're right. i go along the lines. although, phil flynn, if we have a strong housing sector, maybe home depot does okay, but what happens, what are the trades, the best buys right now, knowing that the stimulus money might eventually run out? >> well, look at the shift in money today. we had really good sales at mcdonald's. everybody who got their stimulus check went to mcdonald's. now they have to go to weight watchers, as you just pointed out. so we are seeing a shift right here, a market shift from one sector to the other but listen, you know, there is a lot of concern that the stimulus check, oh, my gosh, everybody spent it and they are out of money. i look at it a different way. i look at it as a positive. to me, when you want to give economic stimulus and boost the economy, look at the trickle down effect from that. the sales were through the roof

and they had to have a longer term effect because the businesses that benefited from that, didn't have to lay people off. it will get them through that soft patch and do what it was designed to do, get us through the slowdown, wait for the markets to start to reopen and i'm a little bit more optimistic. yes, there's going to be some substantial job losses for a period of time. that was acknowledged today by jerome powell. but at the same time, there's going to be a lot of jobs that are going to come back and with all this stimulus, new opportunities that are going to be out there. i'm not as negative. i look at that number as a positive and a sign that things are going to get better quicker. liz: okay. you know, one thing, guys, i don't know if you noticed this, it was shown that people took money from the government that came to them, stimulus checks, then transferred them to online trading accounts. it was sort of interesting to see that people started, because they are watching us here at

"the claman countdown." charles schwab would have had a benefit but it really hasn't done much year to date, scott. >> liz, i think a lot of the narrative around the robin hood traders or everyone took their stimulus checks to trade, i think that's not what's driving the market. i think it's great to have young eyeballs on the market. it's good they actually care and see they can make money here but they have to do it the right way. they need to be educated. they need to look for not just a flash in the pan like hertz. they need to look for quality companies that will be around over time and you know what, they will take their licks. some of them will make some money but over time, i think they will learn, they will educate themselves, and hopefully stay with the market because we always talk about we want retail in the market. now we have them here. let's try to keep them here but make sure they do it the right way. liz: the young whippersnappers going into hertz, a bankrupt company. be careful, everybody. scott, phil, thank you so much for joining us right here on "the claman countdown." dow is up 472 points.

folks, we've got 50 minutes before the closing bell rings. could be three in a row to the upside here. the latest federal stimulus idea kind of riling up some surprising critics at this hour, as the trump administration looks to punt even more money into the economy. some republicans have a new battle cry. stop spending. up next, fox news sunday's chris wallace is here on this new washington debate and how the covid-19 economic crisis compares to one of the most pivotal moments in history for one president. "the claman countdown" is coming right back. and because we don't know exactly when this crisis is going to be over and we don't know exactly when the stock market will reach its bottom, we've got to be prepared for this to last a long time. if you assume that you're out of work for nine months but you end up only being out of work for...

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mitch mcconnell, pleading with them to rein in coronavirus spending in the face of burgeoning budget deficits. the 20 fiscal hawks write in the letter quote, runaway government spending is the new virus afflicting our economy. but will a letter like this stop the spending or are conservatives no longer truly fiscal conservatives? chris wallace is the author of the new book "countdown 1945, the extraordinary story of the atomic bomb and the 116 days dhain that changed the world." he's covered his share of fiscal conservatives over the year. chris, great to have you on the show. i have to ask, are there any old-school cut spending now conservatives who have the power to alter the path we are already down so far as we head toward this $10 trillion budget? >> yeah. i think there are some. good afternoon, liz. listen, they haven't been a majority in the republican party for a long time. remember george w. bush was a

big spending conservative. ronald reagan was a big spending conservative, also big cutting, but he added to the deficit. the dirty little secret is that when a party is in power, they want to spend, whether it's on domestic spending, whether it's on defense spending, whatever. but spending seems to go in one direction and that's up. liz: one could argue, though, some of the signers of this letter, art laffer, grover norquist, are the same people who cheered on the gop tax cut which came during boom times just a couple of years ago under president trump. now when ordinary americans really need it, now, you have beltway conservatives saying hold up, no more. as close as we are to the election, will either side have the stomach to stop spending? >> well, i think there may be some more spending but it will be coronavirus spending, the kind of stimulus package that democrats have been talking about and that both parties

passed without a second thought earlier in this crisis. there is talk about perhaps in late june, july, beginning another spending package which would include money for states, maybe more extensions in unemployment benefits, more salary protection, ppp program, which you're not going to see, i don't mean to bust the bubble of the market today, is a big infrastructure package. first of all, there's no way that could get done in five months. secondly, there's a big difference between republicans and democrats on an infrastructure package which is why we haven't had one for the last three and a half years. the president has proposed plans that would involve a little bit of government leverage and a lot of private spending. the democrats, not surprisingly, want a lot of government spending. so the idea they are going to come together on some big agreement that i think both sides think would give the other

side a political victory, it's not going to happen. liz: slim and none and slim just left town. there's news president obama is set to appear at a joint fund-raiser with presumptive democratic nominee joe biden. this would be their first campaign appearance this cycle. what are you hearing about biden's strategy? then i want to get to the book. >> well, you know, terry mcauliffe, former governor of virginia, and former top strategist for the clintons, says joe biden is doing very well in the basement and you are seeing him getting out a bit more but i think he probably is going to keep as low a profile as he possibly can for awhile. obviously by the time you get to the convention, whether it's real or virtual in august, then of course, labor day, he's going to have to get out on the campaign trail but he's doing pretty well right now not talking all that much, not being all that public, and you know, when it's succeeding, why switch? liz: every president has tough decisions to make. president trump has had some

biggies this time around with the coronavirus. but your new book, "countdown 1945" about president harry truman's decision to drop the atomic bomb on hiroshima and nagasaki had my heart pounding. as you lead up to this moment that ended world war ii, what surprised you most about truman's i hesitate to say inner turmoil, because he never really wavered before or after the decision to drop the bomb, but regarding the order to drop the bomb which killed i guess, you know, between the time it was dropped and months later, 145,000 people. >> yeah. the thing that surprised me the most, i had a general awareness of truman but i certainly wasn't a student until i began researching the book. the thing that surprised me the most, he's been portrayed as famously decisive, the buck stops here, i made a decision and i never second-guessed it. i think all of that is true but he really agonized over what one could argue was the biggest decision any president has ever had to make.

he was in germany for a summit conference with winston churchill and joseph stalin. he couldn't sleep at night, he complained of fierce headaches which he did whenever he was under great stress, and he also, and one of the joys of writing history as opposed to covering news, is you get to see the inner conversations that these leaders had because you have access to their diaries, and in his diaries, he talked about what he called this terrible weapon, in apocolyptic terms. he talked about it as the fire, destruction that had been prophesied in the bible. you're quite right, once he made the decision and he was asked about it for the rest of his life, he said over and over again it was tough but i would do the same thing over again. liz: yeah. he was an untested leader at that point. everybody, i want you to read it. you should have your children read it because they don't teach enough of this in school.

professor chris wallace is teaching you right now. "countdown 1945." you know, i let you co-opt my show name, at least part of it. i want credit next time. because we're tlou"the claman countdown." >> i'm doing my part. if you buy the book it helps the economy. there you go. liz: amen. i love it. i love it. thank you so much. congratulations. chris wallace. "fox news sunday" host. closing bell, we are seeing it ring in about 38 minutes and hearing it ring certainly. we have lost a little steam but are still up 441 points on the dow jones industrials. of course, the s&p gaining 1.5% or 48 points. after gaining 9% yesterday, today, even after signing super-hot hip-hop star, nickelodeon parent viacom/cbs shares are falling 3.25%. why are investors getting

jittery? maybe it's competition that launched today. how kids' tv kingpin genius brands is being helped on its mission. that's next on "the claman countdown." there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these.

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liz: could the terminator help terminate nickelodeon or at least some of its viewers? we told you yesterday about arnold schwarzenegger, teaming up with children's tv creator genius brands international. genius' stock, forget tesla, genius has been soaring this year, up 1,368% as investors cheer the launch of the cartoon channel. not the cartoon network. this is kartoon with a "k."

the free video on demand platform went live in more than 100 million u.s. houseloelholds 200 million mobile devices yesterday morning. we welcome the chairman and ceo andy heyward. first full day is today. how's it going? what does this feel like for you guys? >> it's very exciting. we have all been in the kids' business for many years. we kind of feel very comfortable and familiar with what we're doing now. you know, our business is a very simple business. we make cartoons. we broadcast cartoons. we license the characters in the cartoons. liz: if that were so simple, nickelodeon would be doing a lot better. but you are trying and working on doing something that is different than that, right? tell us how aside from the fact that you've got shows like llama llama which is on air right now and then warren buffett's secret millionaire, all these other shows that are kind of different from the usual fare. >> yeah.

well, liz, let me tell you a little bit about the essence of our business is securing top management, securing the best content that is available for children's television and securing the best distribution. if you have those three, then i think success will fall into place. the management of our company is really the people from the pinnacle of the industry. we have the gentleman who ru runs -- our chief content officer was president of walt disney television. the executive chairman of our channel ran marvel entertainment, subsequently created fox kids and developed it until it was sold to the walt disney company at $5.5 billion. all of the people in our company come from either the walt disney company or the hasbro toy company and have been at top senior management level. it's a battle-tested team. they have been to the promised land. they know how to get there. the content they have either broadcast or produced is legendary, including power

rangers, x-men, spider-man, alvin and the chip monks, sonic the hedge hog, ghostbusters, it goes on and on. we are very comfortable with where we are going. the cartoon channel in particular has an unusual standing today because it's a free service. a free service in a world where everybody is moving to video on demand, that is subscription based. people are paying for disney plus [ inaudible ] -- liz: i was going to say, it's fr free. where are the revenues coming from? that's what investors would be very interested to know. >> revenues come from advertising, what's called avod, advertising video on demand. i get notes from parents all the time, i'm a parent. i have a 12-year-old daughter. people are concerned about spending more and more money on these subscription services all the time. this is a free service and it

will be advertiser supported. liz: i need those glasses. i'm mesmerized. fascinating. tell me in the end, what are you really looking to do, how many eyeballs? it's one thing to be in 100 million homes but to grab those eyeballs, really, you need something that will really get out there to do it. what is your hidden secret here? that i'm asking you to reveal? >> obviously, you want to develop the best content you can. coming from the walt disney company, we have always been able to find the most talent -- developed by the director of the lion king and the writer of frozen. pretty much everybody that we go to has a pedigree and is one of the writers that's going to be writing our new show with arnold schwarzenegger, stan lee, och superhero, kindergarten super

hero. we put the most programs we can curate together and put them on the best distribution platform. everything else falls into place when that's done. liz: genius brands international ceo andy heyward. your daughter must think she has the coolest dad. a, the orange glasses and b, he's head of the kartoon. fantastic. good luck to you guys. thank you so much. closing bell ringing in 28 minutes. yeah, we are climbing back up here. nasdaq up nearly 150 points. the dow up 467. the coronavirus crisis, as you know, it is reaching a potential new critical mass. china closing schools in beijing at this hour. early reopened states are seeing significant hikes in new covid-19 cases and the hardest

hit u.s. metropolis, new york city, bracing for a potential second wave due to the recent protests. accomplished cancer surgeon and howard university president dr. wayne frederick standing by live. what he says is the key to eradicating the pandemic. plus his prescription for inclusion in education and in the economy. don't go away. we'll be right back. ♪

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liz: we are at a very critical crossroads right now in the fight against covid-19. a possible huge breakthrough on the drug treatment front. oxford university scientists say they have discovered a life-saving coronavirus drug called dexamethasone, an anti-inflammatory drug that is shown to reduce the number of covid-19 deaths by one-third. the uk government has immediately authorized the use of this drug in the fight against the novel virus. that encouraging news broke today amid fears that a second wave of infections is beginning right now. protests that we just showed you over the death of george floyd three weeks ago saw millions of americans across the country take to the streets shoulder to shoulder for their cause. meanwhile, not only have african-americans suffered more coronavirus deaths and cases than other communities, this

pandemic has also taken a massive toll on black-owned businesses. take a look at this statistic from the report by the national bureau of economic research. from february through april of this year alone, black-owned businesses plummeted from 1.1 million to 640,000. thises that's a loss of an estimated 440,000 businesses. how do we fix this multi-headed hydra nightmare? how do we start? our next guest is a surgeon, he has an mba and is president of howard university. he's helped ramp up testing. dr. wayne frederick joins ugss a fox business exclusive. so many issues to tackle here. let's start with the pandemic and where we stand, what appears to be a second wave coming earlier than what was expected. you as a surgeon, tell me how you see it at this moment. >> well, right now, i think we have increased testing so you are going to have increased number of cases discovered, but the issue really is to look at

the municipalities where you have increased hospitalizations and there are a few in the country and i think where we see that, we have to make sure that we are willing to shut the cities back down or shut those districts back down to ensure that we don't continue the spread of the virus. that still is the only way that you can prevent that. we have to be practicing social distancing. we have to be wearing face coverings when we are out in those areas. you will see increased cases as you do increased testing. there's no doubt about it. but once it starts leaking over into increased hospitalizations, we must take action. liz: well, what must you have thought, then, when you saw the black lives matter protests where there were so many people, there were sit-ins, protests, so-called die-ins where people lay shoulder to shoulder, head to toe, very close, many of them not wearing masks, and this as we already know where african-americans suffered a disproportionate number of cases with the coronavirus.

>> yeah it's certainly a concern. you don't want gatherings of that many people. instead, you want people to have face coverings. but the flipside of that coin as well is we can't continue to allow a country that has a system that discriminates against people because of the color of their skin. that actually is a matter of life and death and has been for awhile. this unfortunately has brought it to the attention of so many. i think it's critical, i think it's very critical that people are out protesting. it's hard to protest and maintain a safe distance but that's part of what's needed. that is the risk that people were willing to take in order to try to bring an end to the systemic racism that has existed for so long. liz: what the death of george floyd, the murder of george floyd has really brought out into the open is what appears to

be this lagging, when it comes to the opportunities that so many african-americans have been able to grab and you look at the number of businesses that have gone under that are black-owned, i was looking at a lot of these statistics over the past couple of days, it is disproportionate once again but for a number of reasons. number one, lack of savings. number two, very little insurance, et cetera, and many of them are llc, sole proprietors so they run their own business. sorry, that was my pup. tell me exactly what you are trying to teach at howard university that would really give us a better sort of launching point to change the landscape that we now know we are looking at. >> there are a few things we have to look at. one of the things that plagues african-americans when it comes to business, access to capital. we have to get more opportunities in terms of that exposure.

african-americans who go to universities tend to be risk-averse in terms of starting their own business or being entrepreneurs. one of the things we try to teach at howard is to get them comfortable with that, get them to recognize that they will have those opportunities but you have to have access to capital and know that capital will be there in the event that the first couple of times that you try your business, it fails, so we want them to do that. we want them to be confident in their own endeavors so that we make sure they are technically well prepared in terms of whatever field they may go into. we also try to get them to get a sense of community so that they recognize they can build a community around them that will be supportive of their businesses and that they can give back to that community and also be financially secure when they do that. i think those are critical things that we continue to impart in our students. liz: great to see you, doctor. thank you so much for joining us here on "the claman countdown." dr. wayne frederick, head of howard university.

he just talked about how you've got to encourage this community to start businesses. well, recognize randall pinkett. this guy started his own multi-million dollar business. he's the first african-american to have won, yes, the show "apprentice." he did work with donald trump. you've got to hear his story on my podcast, everyone talks to liz. download it on spotify, apple, google podcasts, the whole shooting match. i want you to hear it. let me know what you think. we'll be right back. you turn 40 and everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. guidance to help you stay on track, no matter what comes next.

♪

liz: okay. what has to be one of the most disturbing cases of corporate competition gone wrong doesn't seem to be hurting ebay's stock at this hour.

it's up half a percent. but listen to this. six former high level ebay employees have been fired and charged with cyber-stalking a couple who ran a blog for ebay sellers that was sometimes critical of the online retailer. so we put cheryl casone on this story because it is so bizarre and disturbing that a publicly traded company like ebay would have this scandal swirling around it. cheryl: the details are pretty disturbing, liz. ebay obviously has fired those six employees after law enforcement notified the company of this suspicious activity. the doj is charging these now former workers with leading a cyber-stalking campaign against a couple in massachusetts who write a blog that criticized the company quite frequently. the group allegedly sent the couple threatening twitter messages, packages containing live cockroaches, a funeral wreath and a bloody pig mask. they are also accused of illegal surveillance of the couple as they went to the couple's place of residence, believe it or not. the employees were actually

fired last september but what has been revealed in the charges is a top executive, one identified as executive one here in some of the documents, made comments like we are going to crush this lady and take her down. u.s. attorney said the abuse goes pretty far up the chain. the investigation continues. in announcing these charges, we also learned these were high-ranking employees living in both new york city and san jose, california. to your point, the stock is up 23% year over year. year to date it's up 32%. you saw the intraday, it's up about half a percent. the stock not affected but the details are, well, disturbing. back to you. liz: somebody is watching "the godfather" too much. cheryl, thank you very much. cheryl casone. we'll be right back. the closing bell is just nine and a half minutes away. tanger is a popular by at this hour. shares are up after the outlet mall owner announced 72% of

occupied stores were open as of sunday and that weekly traffic is on the rebound, exceeding 90% of year over year levels but for those who still see the risk in retail, real estate is too much in the age of covid and social unrest. our closer says wait, he's got the reits that can make you money without going near a ball. we will tell you about it when we come back. stay with us. (vo) since our beginning, our 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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liz: people in washington? >> i think he is going to go for it. this is what we know, the trump white house work is in deep discussions with congressional leaders for a fairly significant fourth stimulus. the gameplan on the white house is simply this. it is economic obviously. they want to keep, we've had some good economic numbers today including some retail sales reports. they want to keep that going and you know, this is where it becomes political. they want to wrap all of this stuff up in order, from what we understand, this is the plan in the white house, impact the october jobs report. they see the october jobs report, liz, key to any potential chance in the 2020 election. you have to start to do this when the numbers start getting counted for october jobs this has to be done by the summer. this is what we're looking at, one to two trillion dollar stimulus package.

democrats want three. republicans and president will go as high as one or two. they want to bring unemployment down below 10%. that is a key bogey for them. if they get that they think they have a chance in the 2020 elections. this is where some of staff they will do looking for key accomodations from democrats. there will be state aid. the democrats will trade state aid give republicans coronavirus protection. if you're a business, and you open business and get sick you can't be sued by a trial lawyer in some class action. that is likely to be in the next stimulus package. we're talking about a lot of infrastructure spending. a lot of reports maybe a trillion in that. i have not heard that number. there is also reports that the infrastructure plan will be separate from the stimulus bill. i hear as of now it is probably going to be together. better to do it all at once. to do it in july, august, before, before the, before the

august recess. that is with we're talking about here. other things we're talking about here, liz, is return to work incentive. so if you don't, if you go back to work, you get a payroll tax cut. democrats don't go for that, maybe some tax, something that says at at that you go back to k you don't stay on unemployment which they will extend unemployment as well. there is lot of moving parts. a lot of discussions. none of this is written in stone. i've given you some highlights where i think there is some crossover and compromise on both sides to get through but there definitely will be a fourth stimulus plan. it will be big. very political for the trump administration t will be interesting to see what nancy pelosi agrees to in the end. she is up against the wall too, you don't want to be seen hurting the american people even if this does help trump. they really believe getting unemployment down below 10% in october is key. liz, back to you. liz: charlie, i will take it thank you very much. all right, everybody. we got to talk about this.

are you turning your back on real estate investment trusts or reits. the companies we have on your screen, bed, bath & beyond, parity city, the gap, men's wearhouse have not been paying their rent. you may be throwing out the baby with the bath water. our "countdown" closer ready to name reits with no exposure to real estate, he has the ideas here. name them. talk about what's in them. >> yeah. i think, you mentioned it, liz. the headlines have been around retail and office and lodging and all these retailers that are not paying their rent. that is only 20% of the index. so what's in the other 80%? seems like manufactured homes, self-storage, logistics, you know, office and, many sectors that are doing fine and have secular growth stories intact. liz: yeah, i would think so. so you got to tell us what

pro-lodge gist has in there. i was looking at dividends. people love reits because of pretty reliable dividend. prologis has two or 3%. what is their focus? >> their focus is logistics. all the back office for e-commerce. your amazon order. your whole foods order. you know anything that you're doing from emcommerce standpoint is coming from what we called warehouses. today we call it e-commerce logistics. liz: what about sun, what is their focus? >> sun communities is manufactured homes which had a big comeback because it's a great price point. it is affordable housing. it has been big in the southwest and the southeast. great growth story, great dividends. no headline, no tenants like cheesecake factory and bed, bath & beyond and all ones you mentioned that have been in the

headlines. liz: john, we love creative ideas not a lot of people talk about. we're thrilled you came on ready to play ball. [closing bell rings] john chriswell, put them on lizclaman.com. a gain of 514 points for the dow. connell: american spending bounce being back and stocks soaring today on news of a record jump in retail sales and a also hopes for additional stimulus. we also had promising new research showing a common steroid can help reduce deaths among the sickest of covid-19 patients. so that appeared to be a driving force in today's surge in the market. a lot to talk about. good to be with you. i'm connell mcshane. melissa: i'm melissa francis this is "after the bell." the dow is up nearly 850 points as the high pulled back slightly earlier today after beijing said it would expand its lockdown. fox business team coverage,