to get them the chance to learn and build a successful career. we want to train americans and we want to hire americans. we are training americans and hiring them. this is a very big factor. we have a problem is about 22 different names but i'll call it the plague. before the plague struck, lowest african-american and hispanic american asian american employment ever, we had the most jobs ever, almost 60 million jobs. we've never been in a position, women were thriving. best numbers ever and since my election, more than half of those jobs, more than half, first time ever went to women. now we want to get that all back. the african-americans groups hit very hard. hispanic american group hit very hard.

essentially all groups -- >> i don't know if charles payne is still with us but we are looking at the coronavirus fear factor. 40000 in a single day. if you look at this, about 10% at this moment, this is the fear indicator where we are very nervous, you see stocks generate at the moment. let's keep it on the level here, texas and florida either shutting down bars or banning alcohol to be served at bars and what is that doing? it's a little bit of fear here. the dow is suffering in outsized way as far as percentages, trump industrial 60 points, two and a half%. s&p down 64. look at the nasdaq.

it seemed unstoppable two days ago, loss of 237 so we've looked at a significant 200-point swing here. covid-19 cases in california cost 200,000 mark. let throw hollywood come back off the tracks? coming up, the scenes with movie funding as box office delays pile up and there's now a new date for the pushed out for chris nolan's much awaited tenant. do fears mean the food and trade deals are back? public market debut today, we've got the man the second-largest u.s. grocer on his plan to keep shelves stocked in case people get nervous again and begin to do the proper thing again. plus, the gap might finally be

good again. stress test stressing out banks and lightning strikes again this week for shares of super hot clockmaker. the closing bell, let's start "the claman countdown". ♪ liz: breaking news right now at the white house, mike pence meeting with executives from the airline industry, they include united american, delta and southwest, you can see all of these stocks are getting hammered today. delta down five in the third but look at america, down six in the third period it's matched step for step, down six and a half%. southwest and some of the other names, economic that's for the pandemic on airlines, regional focus of this meeting with the vice president but now as governors from texas and florida freeze or reverse reopening phases due to the spiking covid crisis, no doubt they will also discuss how to keep air travelers traveling but virus

free. despite the record runs in cases, american airlines will fill its claims completely starting july 1 so they will make every seat available, trying to stagger here but the airline has been about 85% capacity to facilitate social distancing, now one 100% if they sell all the tickets. to our final hour, the company partnered with anybody named kardashian, it was a sure win for that stock but we want to show you the effect, cap investors are witnessing it now. kim kardashian's fashion designer kanye west is bringing his fashion line to the retailer and the stock is on fire even on a day with the dow down 688 points. cap shares 19%. cap apparel line set to hit online and the stores early next year. speaking of stores, while the move was easy, microsoft is

giving up on nearly every one of the 80 brick-and-mortar locations permanently. new york and london, the only survivors of the tech giant focusing on digital storefront, the stock is down 1.5% with $197 96 cents. sonos has been on the tariff this week, up 25% over the past five days. started monday when research predicted this is the time for apple to require the company, sonos of 7.5%, apple down about 2.25%. work course performance is living up to its name, electric trump company stock up an incredible 75% over the past

five days. more than double in its price target to $11.50 a share, $999 right now but that's a gain of 16 and three quarters%. workforce deserves the kind of valuation and easy for tesla, tesla down to an a quarter, want to show you nike shares. let's call it this test, you see them as a screening after reporting its first net loss in more than two years and going layoffs are coming, athletic wear giant stock is down 7% to $94 and change. of course there earnings look bad. nike had to close during the lockdown but nike's quarter current quarter may not look much better while consumer spending soared at a record pa pace. unemployment benefits and diminished checks handed out in april, consumer income, last

month as extra government bill began to run out. as i'm talking about nike depending on your level of patience, what are the stocks that will be eventually the economy is in recovery for right now don't look lovely? tim anderson, let me get to the south at the moment before we get to the names you like. give me a sense of what is really at the heart of this, is it the real concerned covid is rearing its head again? >> i think that's the main thing but keep in mind, we have a lot of rebalancing at the end of june so there's a lot of that trading going on and a lot of people are looking at the previous few months and looking at the profits they have we are starting the first time, things could be getting worse and make no mistake, we have another setback as far as coronavirus,

if we start shutting down economies, it's going to be a big problem stocks. they will take a big hit but at the same time, we may be getting ahead of ourselves. there's no doubt we are seeing a big uptick in coronavirus things but at the end of the day, i think at the end of the day, we looking at more panic end of the quarter stuff, you pointed out, when you see it like that, they are selling the good along with the bad. >> may be with the bathwater but nike is a perfect example. nike is not going away. granted, it's been around $60 a share but it's well off too but what do you see for what we are seeing today, the dow is down

723 points, in this final 52 minutes of trade for the week, what you see as you look further out and whether you see the system influx or a new standing? >> that's a great question because there two days from the end of the second quarter. so basically, performance numbers for managers are pretty much in right now so not only the second quarter but also the first half of 2020 and i think they've been going to the process over the last week to ten days of how they want to be positioned going into the second half of the year. part of that question is, can some of the technology stocks that have been beneficiaries of the search and internet traffic from people working from home and streaming from home, they probably can't have similar

performance numbers in the second half that they've had in the first half. so you mention nike suffering from its earnings report last night and i can't get into individual stocks for compliance reasons but i think one area that i hear more and more positive things about is anything related to home improvement with people spending more time at home, working at home a little more, they're going to want to make any space they can in the house more adaptable toward working from home and that will most likely involve home improvement projects. liz: people are trying to in large so they can hide from their families. [laughter]

gentlemen, big selloff here. thank you very much and yes, we are watching on a friday where investors have traditionally not want to go long into the weeke weekend. that's in full swing today. dow down 708-point as we head into the commercial break, the number of covid-19 cases and reopened states are searching. that's a fact proven at the moment. raising questions on how hollywood and the entire movie industry can move forward. one summer blockbuster has been postponed again. we are going to go behind the scenes, fight for survival. next on "the claman countdown". stay with us. ♪

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[ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ we are watching this story, it involves his book and mark zuckerberg vowing to pressure started to increase a couple of hours ago, mark zuckerberg is saying the company is changing its policies to prohibit hate speech in its advertisements. they were apparently been ads that claim people from specific race or gender are a threat to others facebook will not

apparently able content that they think is newsworthy and valuable to the public even if it violates committee policies. nearly 100 brands, the latest said they would pull advertising from facebook, stock is still getting hit. barely off at lowe's, low at $215 a share two to 17 rhino but still down two and three quarters%. a different area of the media, waiting game for week maniacs, highly anticipating christopher nolan's latest blockbuster, getting a little bit longer, you will have to wait again. warner bros. delayed the release date for second time of the espionage thriller, and it's starting john david washington and robert pattison july 31 -- august 12 as new cases of coronavirus hit levels across

the u.s. the delay? movie theater owners, amc, cinemark and imax because they are all flopping into the close, amc down to present. i maxed down three and a quarter cinemark is down five and a third period not a great day for those. two weeks since getting the green light to resume filming of movies and television shows, let's bring in behind the scenes look, cofounder and chairman stuff. you developing news, what are you seeing in hollywood because you're the guy matches finance here scripts, etc., to make what you're seeing. are we going to see coming again? >> first of all, entertainment industry has always been a non- correlated asset class. when they are crumbling,

entertainment is relatively stable and during a pandemic, everyone stuck at home, watching for content so we never saw a slowdown in matching investors to films, we got more offers slowing than we'd seen in a long time. that said, you can only make a return in your investment if the films can get into production and everyone was expecting productions to resume in the u.s. beginning now. as the pandemic is raging, almost like europe, pandemic is largely under control and we are seeing reductions resuming across europe so film investments that are basically european -based including studio films, cofinancing negotiating a deal with studio for mid budget film that will be shot in europe. they will move forward as will probably consumers going back to theaters because in europe, it is way safer. in the u.s., we are in this

nebulous space we don't know what's going to happen. people are staying home with there's a ray of sunshine which is a family-friendly movies, her parents don't want to keep taking kids to the theater but they want to be home watching with the kids so trolls from universal, spongebob squarepants, they are getting released from premium dod with higher percentage of revenue and it allows them to make money back especially on bigger movies while waiting for theaters to figure out what to do. >> everyone has to do what they need to to survive. universal and podcast, he's decided to take it away from premier instead of pushing it out and take it straight to video, straight to streaming. a huge success for universal but now between amc and other theaters in universal, they will

not be running those lease. tell me if you see that eventually or somehow they come together? >> everybody wants theatrical to resume. it's going to resume in europe and parts of asia and it may even in different parts of the u.s. with the virus hasn't really spread. however, all these production companies have to make money back. they've invested hugely in movies that can't find of theatrical release so they will try it with tenant but is potentially going to be delayed again and again and if it underperforms, no one will want to release the big movies theatrically and they will have to do it with premium dod, rentals, streaming, you name it. that will be the beginning of a new hybrid business model and it may be here to stay. >> it's going to be a hot movie and when we spoke to adam of amc theaters, he is trying to

coordinate his reopening with the reopening of tenant which is now pushed late july to know august. when we spoke to him a week ago, the first time he had given an interview since announcing a complete reversal over literally a few hours. they come out and said they would require their employees to wear a mask but any guests who came to the theaters would be encouraged but not forced to wear a mask. his what he said and i'll get you a response on that. >> within minutes, we started getting immediate outcry from our customer base, it became clear to us quickly they wanted masks to be worn by all guests across the country. liz: they are expecting still to open around july 16. i think the date, do you think

that date will hold? >> probably not because the accounts keep rising faster and faster. you can bring a horse to water but you can't make it drink. theaters are opening up and i've been dying to see this movie, but if i have to pick between going to a theater given 25% being filled or just watching it at home safely with some friends, family, a little quarantine bubble and paying twice the price, i would probably just stay at home. so that's what they will be facing so if it doesn't over perform, the writing is on the wall, everyone will shift over to the hybrid model. liz: thank you so much for joining us and for those of you who are in your car, movie theaters stocks are down and make the company names disney to universal, etc., warner, at&t,

all in the red. closing bell ringing 38 minutes and we're heading back down to session lows, we are not there yet but the dow is down 743, session lows, 753. we are ten-point away and about to fall through the four, 25000, three points on the dow jones. homerun after homerun, getting another five ratings today why is the stock seeking seven and three quarters%? more on the x plus major grocery names like safely, acme, albertsons is giving an ipo another run after initially filing in 2016, how is pandemic fueling the nearly century-old grocer? and what's changed in the past 24 hours? ceo of albertsons coming up on ito day next on "the claman countdown". ♪

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today's foxbusiness brief, financial sector leaving today to love as the markets hit session lows. big things start getting hit hard after the cap on dividends think they could be swept in a worst-case scenario. they will have to suspend share buybacks for the third quarter this year, financial stocks and were down from five to 8.5%. sports giant kings moving lower despite the rosenblatt, analysts say will appear taking advantage of the stock to 30% valleys since april, selling at least $600 million worth of shares this week. cofounder sold $31 million of stock while ceo jason got $70 million, stock down nearly 8%. if you're planning a trip to

costco, a favorite park is coming back, free samples, 30 stores across 16 states bring back for safety reasons, it will be repackaged and gap behind plexiglass screens and the service will be required to wear masks. free samples, costco, supermarket operator, how has that covid-19 prices hit in its public debut. ceo. next. ♪

liz: timing is everything. would think on the day for the dow is down 754 points, weirdo

below 25000. you would launch an ipo? volatile time, it's been over the past 14 days, public at $22 a share, above the initial expected range of 18 to 20, warner music group has offering at $25 a share, the higher end of its $23.26 price range. you've got to do a little mystery when adjusting these because today, and ipo years in the making, albertsons finally diving into the public market. the ceo second-largest grocery chain ring the opening bell virtually this morning and highest profile since the new york stock exchange reopened its doors in may. albertsons pricing $16 a share, below the 18 to $20 a share expected range, now it's down about 3%, $15.51 a share.

let's bring in the ceo of albertsons. timing is everything but not really when it comes to ipo. the first to be thrown out when you look forward, especially in the near future a backdrop of coronavirus, people would still be shunning restaurants and eating at home. what do you expect for albertsons? >> it is so difficult. we are focused on the long run and we've been preparing for this a long time, strengthening the company so we can go out there, when with companies and value the long term. we have a new set of investors with us with the confidence in us, in this difficult environment. we see, it's a terrible what's happening with covid in the country but from this

standpoint, people are you eating at home and buying product from us and we have great product in our store. people are coming back buying produce, meat and seafood, baking goods etc. so they can enjoy their day at home. >> do you have yeast? i swear i can't find yeast in new jersey or new york. [laughter] liz: talk about the supply chain because for a while, you couldn't get certain things. it's tough to get clorox wipes and depending on which store, toilet paper is a big if but how are you making sure the competition is very rough, kroger wants to fill its shells, to you're able to get the supply chain free and moving? >> i'll get yeast for you for sure. but america has a great supply

chain and we all struggle in the beginning when there was a huge demand from restaurants into stores and the supply chain doesn't go as easily. you still have challenges and sanitizing products, challenges and baking goods, yeast because the demand has increased so much. we are a very nimble organization, the upright locally and nationally and in the early days, we would take whatever restaurant would give us, process it and make it available. have to be nimble and adapt every day in this. liz: which is what you did with home delivery curbside pickup. he jumped all over the and for people who don't know, there's bonds, safely is under your umbrella, acme as well but you

see the expanding? people started to venture out again, restaurants reopened in certain states for outdoor seating and suddenly, there's this concern about whether we need to hunker down so will you up your curbside delivery? >> absolutely. i hope he'll get back to what was before, enjoy life outside and do what we can but new habits are forming with people and people will come back and by product, engage in home delivery picking up in store, it's an opportunity for us and we are continuing to expand. we need to get better and we are getting better. we will do a lot more. liz: i really hope you join us again because you are just the ceo we need to hear from right in the sweet spot is it pertains to food at home. albertsons on day one. thank you very much.

closing bell ringing in about 23 minutes, 22 minutes. we are blowing through here, we are now down 753-point, what would of vice president joe biden win in november for your portfolio? charlie breaks down what money managers are game planning. that's next. the fastest growing lifestyle brand bar none. creating the perfect recipe for success with the latest barstool transfusion mixed, i'll tell you what is in there. ginger ale, juice and add the devil. podcasts the ceo, eric, got to hear this journey. find out how taking this brand

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liz: we want to find you here, we're going commercial free for the rest of the hour until closing, you can see on the lower ticker, dow is still down about 698 points, s&p and nasdaq deep in the red. slam dunk for sports fans, nba set to release the schedule for soon to be restarted season which begins like 30th. sixteen of the 302 players tested positive for the coronavirus. nba says the restart will

include health and safety protocols and campus at walt disney world and disney world. twenty-two of the teams will return to play with no fans. zero fans in attendance at every game played at the espn wide world of sports complex. while disney world is open to the mba, resource and theme parks facing mounting pressure to delay the reopening's in florida are coronavirus cases surged nearly 8% over the last week. we told you yesterday disneyland in california and anaheim has pushed back its reopening in july 17. now on determined dates. a petition to delay disney's reopening by disney world has garnered 10000 signatures, lockdown two and a third to $208, 79 cents. looking at stocks selling off, us look at the trades here but particularly the ten year yield,

it's now .64%, just yesterday it was at .67% and as high as about 7% over the past couple days but we are seeing money into treasuries and what about smart money? smart money starting early because this is what they do, now they are pricing in the possibility of a biden victory for the presidency and have a possible democratic administration might change stock prices. charlie joined us now, human talking to some of the smart money leaders. >> you got to think some of this anxiety of the policy change from trump divided his plane here, not saying it's the headline, but this is lurking in the background because i did my

own survey, eight or so money managers and brokers, people in the markets every day, these are household names. they say there's facing in slowly, not totally, of what's going to happen if biden gets elected. most believe he's going to walk in, "wall street" believed donald trump would lose in 2016, hillary clinton would be the president, some of the same now although we do have different circumstances in the middle of a pandemic, social unrest, corporate america wasn't enamored with trump before, it's

going against him in gangbusters right now. you see it in some of the statements these big corporations are making, following the protest and racial unrest. it almost mimics was come out, it doesn't mimic what trump is saying but is it economic issue here. what will happen with stocks? money managers are starting to weigh the economic consequences of the biden victory, that includes significant corporate and tax increases an individual tax increases. most people don't get going back to 35 what you can see above where it is now which is i believe that 20% is going to go higher and there's almost no doubt about that. but they are also telling me is this market reaction to biden will likely sell as we get closer to the election around labor day. if biden's poll numbers continue to remain where they are, that's where he will see low pricing.

we should say all of this going on in an atmosphere of 0% interest rates there's not a lot of places to go so some union but money managers will have to depend if the biden victory, if the polls continue as they are. there is a major wildcard, trying to gain trust me, they are trying to gain planet. where does he go economically? is influenced by the far left party? they will ramp up massive regulations on all sorts of businesses that have done very well during the trump years. does he embrace bernie sanders and aoc, keeping the left wing of the party? local left wing of the democratic party which is borderline on socialism right now, does he appease them by appointing them to major positions where they have impact on economic policy? alexandria cortez, the your

congresswoman elected by a landslide, does get the administration in some way? not necessarily a cabinet memb member, something he wants to do economically we don't know. we think they will determine the size and scope of volatility but there is this fear about what the democrats will bring to the table if the poll numbers continue to stay where they are. hillary clinton lost last time, everybody on "wall street" thought she was going to win. different times, they remind me, what's interesting is how much corporate america really despises donald trump. they may say nice things to his face, aside from a handful of executives, people like steve and a few others, there is real animosity and you know what's

weird, it is not policy wise, it is personality wise. we start to talk. liz: charlie, i think they love him. i think corporate america loves that he lowered their taxes. lower than the middle class and i think they love the policy. they may not like him but they like him. >> for the most part, if you went down to the ceos, most of these major hedge funds from these banks, corporations, they don't like in person, you can just tell by their reaction, it almost nears democrats saying, be that as it may, then there's the money side. what does biden bring to the table? they do admit, it could be very rocky for the markets, the economy because you ramp up

taxes, it's going to be a lot more. liz: sorry, i want you to just see the bank because the bank stocks are getting hit hard. if we put some of them, including stan lee, which for the ones who have the most iffy reaction when it came to what we are seeing the stress test that came "after the bell" yesterday, we are seeing it down three and a half%. j.p. morgan done five and a ha half. what you make of that? speak there for people who don't know, the feds said we are going to gap your dividends until september and no share buybacks. >> just so you know, those policies, making buybacks illegal, which is something elizabeth warren once, as of the type of things that could add to

this market volatility and that's part of the democratic party, if you're a company, you can't -- some of this is profit-taking, most stocks have different runs from the that coronavirus headlines. let me just throw that in. the policy right there, the far left stuff on stock buybacks, capping dividends, that's what got people saying hey, even though i don't like trump personally, i have to put these policies which are bad for stocks. reflected somewhat in my portfolio. low interest rates, you're not going to see a massive selloff. as we get closer to the election, right wing borders as

opposed to registered voters will watch this, the people i spoke with our serious and they are concerned about what i did, particularly if he embraces in her bernie sanders. we have to keep bernie sanders in mind and adopt these polici policies. just keep an eye on that. also keep an eye on his vp candidate. liz: we got 710-point selloff, one second here. need to show our viewers some gold right now. go price is moving higher in addition to the ten year which i just showed you, we do have it up about eight tenths of a percent or $14.70. gold now bumping up against $1800, 1785 so not that much further to go. if you look at the clock which i will do now, six minutes to go before the closing bell, nasdaq has wiped out nearly all of its

weekly gains because of today's selloff so if we look at the markets this week, all three major averages are solidly in the red, the second down week for the major averages of the last three. again, nasdaq has been looking pretty darn good over the past several weeks. a little bit of profit-taking on a frightening day, nothing to be too concerned about the portfolio which is pretty much deflated since the lows, let's get weekly winners and losers, i know you've been sifting through those. >> i've been tossing my way through. let's begin with the winners for the dow is off 708-point, how about the gap? it's a team% for the week. kanye west designing the clothing line for investors the music and fashion icon giving the retailer a boost.

twenty-two dollars, up 10%. that's a medical equipment maker, having a good week of seven and a half% of when 80s but is it. the site, everything you want to say this, these are the stocks again and killed because of the resurgence of the coronavirus. american airlines, down 22%, went resorts, can vegas get a break? on the week. and you have they can never catch a break, the crews lines. down again today, up 15, 16%, $15. by the way, cruise lines may not begin operating service until mid-september but analysts are saying these cruise lines may not begin until next year. we have to wait to see the headlines tell us they have the winners and losers.

>> i'm looking to be aggregate because i can see stocks exchange orders and balances and there are a lot of shares to be sold at the close. not exactly seeing liz: stocks are cheaper than they were yesterday. down, down 712, and 2020 the headlines have not stopped and that is driving volatility in the market. today we have the vicks index, the pure index of 9% but overall let's bring in the countdown closers, phil flynn has gotten back in front of the camera, bubba and todd, let me get your impression because there is a way to get money on a single bet if they think continue to rock 'n' roll peoples portfolio. >> when you look at the market,

it is driven by option to open, when you get fear that's when buyers come flying in which pushes the volatility much higher. when we look at the volatility, we are seeing that the volatility helps through the rally and it really never collapsed down to where it was in march, now it is starting to take off, the nice thing about the vx acts it's only short-term product, if you use it properly and it goes higher and accelerates faster because of the multiplier effect. if you think volatility is coming back, this is a great play for a couple of days in a couple of weeks but not more because they do decay like big options. liz: two minutes left in the trade for the whole week and we are down 736. obviously, the fear today has been amplified by the new headlines that we are starting to see some pretty significant

renewed spikes and all of this but what should the investor come into monday thinking and doing. >> usually when you get a big selloff like this on friday night based on a lot of fear, sunday night you have to be very careful because you get a lot generally after the weekend. but this is the end of the quarter in the end of the month and there's a lot of rebalancing, they have to rebalance the russell index one time a year, that is happening now and that is accelerating the ciliateengine selling off a lit. look at the oil market, they were lower, they came back a little bit so there's optimism in the commodities that things aren't that bad. gold for example which can act with 18 different personalities, early this morning the sell enough of the stock market because they were concerned that it was a total risk off situation, but by buying some of that, the risk appetite is coming back.

liz: todd, thank you so much, phil we thank you, stocks getting punished on this friday with the dow down 724 and coronavirus fears, there's more to talk about on "after the bell". >> the lockdown fears really slamming into wall street today, stocks plunging throughout the day in a surge of new infections in a number of states, texas and florida ordering bars to shut down once again as we watched the dow down barely above the 25000 level, i am connell mcshane. melissa: i melissa francis, this is "after the bell", the lows of the session down more than 2%. fox business team coverage for you now, jackie deangelis is in the newsroom and blake burman at the white house, hillary vaughn in washington, but kick it off with jackie. >> good afternoon, a tough day for the markets as you can see the dow down 730