i invested in the sfpace revolution. it's my favorite sector to be in but i trimmed my space down quite a bit. charles: got to leave it there. bubble-licious. thank you very much. cheryl casone in for liz. it's all you. cheryl: i will try not to mess up this rally between you and cody willard, handing this over to me. maybe i got something going. i don't know. by the way, miss cody so much. thank you so much, charles. well, stocks are starting to shorten the july fourth week with fireworks. more than 44% last month on new homes, the dow up 468 points. we will see if we can take it to 4:00 p.m. the s&p 500 close sdwroing tto e dow. the nasdaq up as well. facebook is helping the nasdaq recover despite losing more friends even within the last lour as charles just reported.

companies keep pulling ads from the social network. starbucks and pepsico among the players. charlie has a big scoop on the facebook story. as the coronavirus death toll surpasses another tragic milestone, and cases spike in some regions, the search for the cure presses on. jacob glanville is star of "pandemic" and is here to tell us how his treatment is curing cancer and if human trials are around the corner. plus a new front in the electric vehicle cars. nikola motors taking orders for its tesla cyber-truck competitor, the badger. the executive chairman is here to tell us how orders on day one are faring. less than an hour to the closing bell. i'm cheryl casone in for liz claman today. let's start "the claman countdown."

cheryl: we begin with some breaking news this hour. amc theaters is going to begin reopening its u.s. theaters on july 30th in line with disney's "mulan" and warner brothers' "tenet." they originally said u.s. theater operations would resume on july 15th. little bit of pushback. they expect to have all their worldwide locations open by early august. stock to watch today. well, while amc prepares to reopen, imax actually just signed a deal to launch 17 new theaters around the world. cgb is a korean cinema giant. cosmetics maker coty looking pretty after buying a 20% stake in reality star kim kardashian west's makeup brand for $200 million. coty already has a 51% stake in little sister kylie jenner's brand. then there's beyond meat getting thrown into the freezer,

pun intended, after barclays double downgraded the plant-based meat maker to underweight citing uncertainty around the restaurant industry and a bounce-back in the meat supply chain. despite that, barclays upped the price target to $115. the stock is at $129 and change as of right now. the markets are rallying after a dismal week that saw the dow drop more than 3% with the s&p 500 not far behind. again, we are looking at a strong day today with the dow up 423. there's the vix. this is the fear gauge. it is down today but it's up 146% so far this year and goldman sachs is now saying high volatility is going to be here to stay for the remainder of 2020. goldman also saying they expect the s&p to end the year at 3,000 which is .3% lower than the close at friday for the s&p. we hope they're wrong, don't we? what does this heightened

volatility mean for your portfolio and what stocks will help you ride that wave? it looks like there will be another one. i want to bring in the floor sm show traders, scott redler and phil flynn. scott, i will start with you. we were looking at the vix, it's been a tough year. maybe not a surprise but the fact goldman is saying the s&p at 3,000 at the end of the year? i was a little surprised about that. >> you know what, the market has had a lot of volatility and the ranges have been huge. not a lot of people thought when we got to the march 23rd lows of what was it, close to 2181 that we didn't get back to 3,000. we are kind of sorting through a lot of complicated headlines. you just saw out of new jersey they are not opening indoor restaurants. the whole reopen is starting to falter a little bit. the second wave is coming back. i think investors should stay the course and put flows into s&p funds every single month. this is the type of year that should absorb complicated headlines. i think we could see 2100 in the

s&p again some point this summer but we could see higher than 3000, closer to 32 where we were a month or two ago. we will probably end somewhere in the 3,000 range. i think in the next year or two we will be making all time highs so investors have to stay the course. unless you are super active, be careful because the ranges can be very volatile and if you buy wrong and don't have the right plan, you could get hurt considering the size of the moves we have been seeing here. cheryl: you know, market participants are still nervous about a second wave of the virus. we are literally still in the first wave if you look at what's happening with texas, florida, arizona. that's kind of the unknown. what is known today, i've got to bring this up, chesapeake energy. you saw the headlines crossing this morning. you were probably not surprised by the bankruptcy but this seems to be kind of an ominous warning to the u.s. fracking industry which up until now, has been such an economy booster. >> it really has been. it was kind of a sad day to

think chesapeake, of course, was the leader in the u.s. shale revolution, and it was kind of a sad day but not unexpected. we have known the shale patch has had a lot of problems. some of it is because of unforeseen market events like covid-19 and other issues. some of it was brought on by their own. they weren't very smart about the way they managed their business, took on too much debt, got a little too greedy when the markets were going up. i'm a big believer in the u.s. shale revolution, a big believer in american ingenuity. that's what chesapeake was, right? chesapeake was a company when everybody said it's going to be impossible, the world is running out of oil, chesapeake said no, there's another way, right. they used american ingenuity, proved the world wrong so it's a sad day but a happy day. i hope they restructure and come back strong. i think shale will come back strong. not right away but it will come back. cheryl: that would be good for chesapeake but also for the refiners down in louisiana and texas that so depend on what the

u.s. actually makes when it comes to energy. pivoting to something else, scott, back to you on this, we are closing out the second quarter. i'm calling it the covid quarter because that's the way it's going to be. all these companies going into this, they started pulling guidance, pulling estimates, can't tell you what the year will look like. they will have to start reporting to wall street soon and tell us what those numbers are. what are you bracing for here? >> i think the last quarter, a lot of companies took back their guidance. in the next few weeks, it's going to be one of those reality type moments where oh, my goodness, now we see what the earnings are, we look at them year over year and they're down, look at the pe ratio of the s&p. that's why it will be hard for the markets to get going here which is why i think goldman's call stands pat for later this year. but it's going to be very very company-specific. you will see the stay-at-home sector that got validated, they

might have black ockbuster earn so they might continue. you will have names, does the market give them a pass. last quarter they gave everyone a pass. cheryl: they will have to give the numbers. you can't hide. they have to show what the real story is. it's likely not going to be a great one. hopefully we are prepared for that. real quick, phil, i have to ask about gas prices. so many more americans are driving. they don't want to get on airplanes. gas prices up a little but still below last year. what do you think will happen the rest of the summer? >> i think prices will creep up the rest of the summer as we reopen the economy. we will drive more and prices are going to creep up. we are still going to be cheaper than we were a year ago. we have come back a long way. it's been historic the way demand has bounced back but we still have a long way to go. we will get there. fill up your gas tank early and drive a lot this holiday weekend. cheryl: i need to buy a car. that's the first thing. i'm in new york. [ speaking simultaneously ]

cheryl: guys, thank you so much. so great to see both of you. thanks to both of you for your commentary as we end this quarter and go into another one. closing bell going to ring. we have 51 minutes to go. dow up 426. planet fitness feeling the burn after warnings as many as 200 gym goers in west virginia may have been exposed to the coronavirus. the stock down about 4.5% right now on the covid fear factor. that's despite a note from wedbush calling the gym chain a long-term winner. we will watch that. plus this. spiking case numbers and the global death toll hitting another tragic record. kicking one vaccine maker into high gear as we search for a cure. coming up next, the star of netflix's docuseries "pandemic" will be here. stay with us. the best tv experience just got better

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tv made simple, easy, awesome. cheryl: well, another grim milestone in the pandemic. more than half a million people have died from the coronavirus worldwide. johns hopkins university reports the united states has the

highest confirmed fatality count with at least 125,000 deaths. our next guest is the scientist featured in the netflix documentary "pandemic" and is also on the covid-19 congressional task force. and he runs distributive bio which is working on a covid-19 cure. jacob glanville joins us. thank you for being here. >> thanks for having me on. cheryl: first off, what do you make of these latest numbers, and we heard now that because of the spread in texas and florida, california, that there are a lot of experts now worried that this virus cannot be contained. what do you say? >> yeah, so you know, unfortunately, we are seeing another wave coming and i think as many others do that at this point, probably what we will experience until we have effective medicines are a series of waves where we all go home, we have to place strong isolation measures until things calm down a bit but as soon as

we loosen those things up to get people back to work or out of the house because they are going stir-crazy, the infections kick in again. we will just keep seeing that, waves and halting wave until we have good medicine. cheryl: we heard about gilead and remdesivir and they announced the price of it now, more than $3,000. i wanted to ask you if you think that price, a, is fair and b, is remdesivir the only hope we have right now to treat those that are severely ill? >> it's one of the earliest hopes. there's remdesivir, there's steroids, looks like it's being somewhat effective, then there's convalescent patient serum. the cost of these medicines will be a problem because it's not only that you have a medicine that works but you need to make sure the whole world has access to it. doesn't really help if only certain areas of the world can afford the medicine. that's just going to propagate the disease and the problem. that said, you know, it's quite possible nations could subsidize the cost of that medicine and

should consider doing that because the cost to their economy is so much greater than the cost of subsidizing effective medicine. cheryl: i know the european union officials have been talking about that. i want to move to what your company is doing. you've had success with an antibody you developed and you have tested it in hamsters. explain to us in simple terms so i don't get too lost exactly what this treatment, this antibody, is and how it works. >> yeah. we have some pretty good news. we created an antibody that blocks the virus from infecting you so if you were to zoom into the coronavirus as a series of spikes on the outside of the virus that stabs into your cells to infect you, we created antibodies that block those spikes. the really exciting thing that happened recently was we sent the antibodies to two national labs, the department of defense lab and the galveston national labs, where they can -- they have biosafety level iv facilities where people work with live viruses and they were able to show our antibodies in

both labs protected hamsters from getting the covid-19 disease and being infected with the virus. it knocked down the virus in their lungs by 97% within 48 hours, reduced lung damage and helped the hamsters getting back towards chowing away on food and getting fat again as opposed to when they're sick, they don't really eat. that's really good news for hamsters. we hope it's also good news for people. the drug is moving from manufacturing into clinical trials that will happen this fall. cheryl: so if there's a 97% efficacy rate for hamsters, how good is that for humans? what's the promise there? >> it is good, it shows that the same virus in a hamster would get normally, it's protecting its lungs, it's reducing the virus. that's really good. you still need to run the study in humans to make sure there's no surprises. antibiotics would work in a hamster and in a human. it gives us a lot of confidence our medicine is effective. cheryl: you also worked the past

with flu vaccines, on different treatments for maybe more common diseases around the world, i mean, your experience with the coronavirus and where we're at today, is this the worst that you have seen as far as infectious disease? >> i mean, this is the biggest medical crisis of our lifetime just because it's so global and it's sort of a nasty combination of very infectious and also just dangerous enough that we can't just say let's all get sick. flu is dangerous but is tolerable. not enough people die for us to stop society where that's not true with the coronavirus. that's really giving rise to this crazy global crisis, right. ebola is more lethal but it gets people sick so quickly it's sort of contained more easily and also, we really have to thank heroes on the ground in africa who managed to stop it. this thing is so infectious and because you can be infected without realizing it and be infected for a long time it acts like a trojan horse where you

carry it and infect other people in other states and cities. that's really been the problem here. ultimately, we will get through this. we just need effective vaccines and time for people to take them. critically, we also need effective antivirals like the antibodies we are producing that you can give in the hospital to someone who's already sick. once those are in place we can resume society. cheryl: i know liz will want an update from you when human trials begin. please come back to "countdown." thank you. >> thanks for having me on. cheryl: the closing bell, we have now got 41 minutes to go. 428 on the dow. we will take it. restaurant brands international is serving up some optimism. the fast food giant citing new signs of life as sales rebound at its burger king. we are watching that stock right now. and could the two rest stop staples be in for even bigger sales as road trips become the new normal? jeff flock takes us on the holiday road coming up next.

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cheryl: listen to this stunning prediction from airbnb's ceo, an executive at the forefront of the travel and leisure industry. quote, travel will never ever go back to the way it was pre-covid, end quote. he also forecasted that vacationers will stick with smaller local communities going forward. as we head into the july 4th weekend, what will be the future of travel? let's head to none other than jeff flock. he is in new buffalo, michigan. i hope people are out and about, jeff. reporter: i think if this picture tells you anything, i think you are absolutely right. people are out and about, enjoying -- look at this, the folks over here. yeah, see? they are having a good time. this is the iaquinquintessentia vacation town in michigan, new

buffalo. most people that come here, come by car. that fits the national statistics. 97% according to aaa this summer are going to travel to their destination by car. that's a lot more than typically is the case. you mentioned airbnb. they did some studies, too, to see where people are going and who. 60%, according to airbnb, are going fairly close to home for their summer vacation this year. no europe, no cross-country trips. 60% close to home and they are mostly family vacations. their bookings for families, with one or more children, up 43% this year compared to last year. so last year, of course, was a fairly normal year. that's also being borne out when it comes to hotels. hotel occupancy also is climbing, although you know, nowhere near normal. we were at 22% hotel occupancy at the nadir in april. now about 44% but the typical

year is 65% or 70% hotel occupancy. we've still got a long way to go. i will leave you with one final piece of good news in addition to the beautiful scenes out here along lake michigan. it's not an ocean. i'm used to an ocean. every once if awhin awhile it g angry. take a look at the gas prices. this is the prediction from aaa. they say q3, pretty much the summer quarter, $2.25 will be the average. that's a little more than it is right now. the current average today is about $2.17. that's a big decline from what it was last year so take a road trip, try to save money on gas. who needs europe? who needs australia? cheryl: we just need a beach. reporter: you said it. they've got real sand here. they may not have waves but they got sand. cheryl: that looks amazing. love it. love it, love it. jeff flock. reporter: wish i was dressed for it. cheryl: great stuff. jeff flock, thank you. appreciate it. reporter: good to see you.

cheryl: good to see you, too. all right. love seeing this. love seeing green arrows when i'm hosting for liz. means i'm not messing up her show too much when she's gone. maybe she's on the beach. i don't know. dow up 451, s&p up 29, nasdaq up 61. coming up next, move over, cyber-truck. there's a new all electric player on the road. we have an exclusive inside look at the badger pickup as it officially joins the ev monster truck battle. these things are hot properties. be sure to tune into the next fox business virtual town hall. neil cavuto will host america together, open house, thursday july 9th. real estate pioneer barbara corcoran is his special guest. and you can ask them a question, message fox business on facebook or instagram or e-mail us, investedinyou@ foxbusiness.com. we'll be right back. 300 miles an hour,

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cheryl: ev makers powering up the auto sector today. workhorse tesla, nikola, all in the green, these stocks really trading higher. nikola up more than 6% right now. check out how they have performed since the beginning of the new year. tesla gaining 138% year to date. workhorse group, making these delivery vans, 360%. both stocks are actually up for the year, as you can see nio up 80%. that's an overseas competitor. nikola up 554%. investors are charging into these new names. just a few hours ago, they began taking preorders for its answer to the ford f-150, the hydrogen fuel cell powered badger. there's a picture of it. we want to welcome in the executive chairman of the nikola

corporation, trevor hilton. >> thanks so much for having me. appreciate it. cheryl: there's so much excitement about these trucks. what makes the badger different and unique? >> yeah. the idea behind the badger was to build a truck that could actually do everything a gasoline truck could do or even a small diesel could do. the problem with just straight battery electric trucks are the battery's derate if you start to pull a trailer or go up a really steep hill for very long. so that's where hydrogen comes in. battery's really good up to about 300 miles, then hydrogen is really good for up to 600. so if you wanted a pickup truck you could pull a trailer, you could go to job sites, you could go work out of, you could pull trailers and never worry about it essentially shutting down, that's why we developed the badger and went straight after the ford f-150 market, the crown jewel. cheryl: the criticism of the f-150, of course they are the crown jewel of the american truck, but they have been really slow to get into the electric

game. but they are going to get into the game. we know that now. they just debuted the new f-150 last week. are you concerned about competition at all? >> no. i think it's really cool. look, there's millions of pickup trucks sold every year. for nikola, if you are just a section of that, your success is incredible. so we are not, you know, obviously it would be fun to take over ford. it will take a long time. it doesn't happen overnight. we can't beat them with all of our technology and with our branding and everything else, so this truck we just unveiled, the badger, we show it off for the first time for the whole world december 3rd, 4th and 5th this year. from now until then, we will be leaking out really fun things. this whole thing is about a story, toward the average person who wants to buy a pickup truck gets to be part of our story from right now all the way until it's unveiled in december. cheryl: i know people are putting down deposits, anywhere from like $250 to $5,000. but what's this actually going to cost?

>> so the truck costs about anywhere from $60,000 to $90,000 depending on the features you get. whether you go battery electric or up to fuel cell. fuel cell is more expensive than battery electric but it goes twice the range. so not everyone needs a fuel cell. the people that drive around the city just don't need that. they can go with the less expensive version, battery version, it's about $60,000. but yeah, reservations just opened up today and it's been an amazing success so far watching the numbers come in. they are just piling in. it's been a lot of fun to see the reaction about the badger. cheryl: take me inside the cab here for a second of the truck. what are some of the cool features? >> i will show you a couple features. one, i love to fly airplanes, it's one of my pasttime things i love to do. i integrated in with our teams aircraft mounting racks inside the truck along the floors and the walls. this allows you to fold the back seat down and turn it into a cargo area. it's just awesome. i love the ability to fully

customize the back area of your truck and put tons of cargo in. also, you get full waterproof screens so our entire cab is pretty much waterproof, with the exception of the hvac system. that's just got to be turned off if you ever get a really dirty or wet or whatever. ultimately, all the screens are completely waterproof. that's kind of a couple of really neat features around the trucks but hydrogen has something you would never expect. whenever you are driving hydrogen, the byproduct is water. that's all that comes out. zero emissions coming out of it. we take that water, filter it, send it right back into the cab in ice cold drinking water. you will literally be able to go down the highway, drink out of your truck with some ice cold pure -- reminds me of adam sandler, the waterboy. i love this. i've got to get adam sandler to the unveiling. cheryl: you are based in phoenix, arizona, so that literally makes complete sense. just based on where your company is headquartered in the middle of the desert. >> yeah.

not just any water. we are talking about chilled cold water. that's what people want. it's going to be fun. cheryl: look, we would love to have you back. obviously the big reveal will be in december. i know liz wants to follow up. trevor, thank you so much for being on the show. >> no problem. thank you so much for having me. cheryl: closing bell is going to ring, we now have got 23 minutes to go. we are up 490, almost 2% gain for the dow today as we finish out the second quarter, calling it the covid quarter. lord knows what the numbers we will get when earnings start to pile in for the companies from this quarter. we will find out soon enough. coming up, the fed power tooling its way into the oracle of omaha's empire. with its latest stimulus efforts, we are taking you inside jay powell and company's bond buying spree. that's next on "the claman countdown." (vo) since our beginning, our business has been people.

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cheryl: the oracle of omaha and his favorite drink, all part of the fed's first foray into individual corporate bond buying. the fed purchasing $5.7 million of debt from warren buffett's berkshire hathaway and $7.9 million from ford, $8.7 million from walmart and $6.5 million from mcdonald's. this biggest beneficiarys of the program. the fed spent trillions in its first leg of the corporate buying program. want to take a look at stocks as we learn the details on the fed's bond buying spree. both stocks are higher. looking at ford, coca-cola, mcdonald's, walmart, green across the screen as markets are higher. all of the stocks in the green.

ford up 1.5%. the list just keeps on growing. facebook, facing the heat as more advertisers cut ties with the social network. the latest sportswear giant adidas, packaged food company conagra pulling out in the last few minutes, joining companies like hewlett-packard, clorox, best buy and ford that pulled advertising today, while others like unilever, coca-cola and as charlie gasparino reported over the weekend, pepsico yanking ads from the social media platform. this list of advertisers, they are all saying thumbs down to facebook. what does mark zuckerberg have to do to stop all this? >> well, i don't know what he can do other than reverse his position. we should point out this type of advertising, i suggest people read our story on foxbusiness.com, kind of lays out just how much money facebook makes a lot of money every year.

their revenues are diversifying a lot of the selling data. i believe of their -- each quarter, they do about a billion dollars in advertising which it's -- i'm not saying it's unsubstantial, but whether it's material to the bottom line is debatable. that said, when you have major brands like pepsi, pepsi is a big brand on that list, it does put the pressure on mark zuckerberg to maybe, what twitter is doing, to cave into some of the activists' demands to be more aggressive in labeling stuff. why did this happen? quite frankly, donald trump put out a tweet, this is one of the sparks of it, the current, this has been going back and forth for months, but the current spark was during the riots and protests, donald trump put out both a tweet and put it on his social media account, that means facebook, the following statement. when the looting starts, the shooting starts. twitter turned around and labeled that inappropriate or

violating their guidelines. it's all in the story. facebook did not. that led to increased pressure from the naacp and the anti-defamation league. both of them started to ramp up this boycott of facebook until they, what they believe, is clean up their policies. zuckerberg would say this is free speech, this is president of the united states, you know, he's allowed to speak to the people and if you don't like him, you can vote him out of office. not an absurd argument on zuckerberg's part. on friday, he tried to put some of the genie back in the bottle, sort of marginal changes to facebook posts, but still, it's not enough and you keep seeing corporate america boycott facebook. what's interesting is a couple things. it's considered, from what i understand, a lot of this is my producer's reporting, she did a great job getting this story, it's considered a global boycott so you know, all their subsidiaries, i guess that means across the world, they didn't

put a press release out on this which was very strange. i don't know why. maybe they want to negotiate with zuckerberg on this. it's interesting. they have the type of brand power to negotiate and i have heard it's apparently going to last july and august and who knows what happens after that. that's pepsi. as you know, pepsi's a big iconic brand. we will see. i would watch the pepsi story. the fact they didn't announce it makes me think they are trying to negotiate something with zuckerberg and then announce something. we will see. we should point out the spokesman for pepsi did not -- would not comment but did not deny. i want to change subjects -- cheryl: you have another story, don't you? >> yes. that's why i want to change gears a little bit on this supreme court ruling on what's known as the celia case involving independent directors. it was essentially a case brought during the obama years but the trump administration supported the case, to basically say this. you can get rid of the independent director of the

consumer financial protection board because we believe the whole thing is unconstitutional. the supreme court came out and said we don't think the consumer financial protection board is unconstitutional, but we believe you could if you want since you're the president, get rid of the independent director at will. that means that director's tenure even though it's set for four years or eight years, it could be ended by the president of a new party. if joe biden gets in there, from what we understand, first course, he's going to get rid of the woman who has been in the consumer financial protection board and ramp up what the agency is doing. this is where it gets really interesting. can this ruling apply to other agencies. lot of democrats say it can and what they are saying is it's going to likely apply to the head of -- the housing head, mark calabria who is undergoing a massive change at fannie and freddie. what they are saying is if he doesn't get these changes through, the majority of them, at least ending conservatorship

through now because he can be removed, they believe, under this rule, they will thwart any and all of his reform efforts. we should point out calabria put out a statement that he doesn't believe this ruling extends to him. i don't know if he's a lawyer. if democratic housing advocates say -- here's what i would say is this. with this ruling, fannie and freddie are very highly contested stocks. they are both penny stocks trading about $2 a share. there's preferred stocks. wall street is betting on these stocks like crazy. they are basically praying for mark calabria to do his reform stuff before, before a new administration comes in, if joe biden gets in there. if he doesn't, he will likely be removed and will his reforms and his reforms will have to take place before he gets in there. that's one of the problems with owning this stock. if you think joe biden is going to win, you got to bet mark calabria speeds up all efforts to reform fannie and freddie, get them out of conservatorship,

do that massive stock deal, recap and release them before biden gets into office. obviously if biden doesn't get into office, if trump is re-elected, he doesn't have to worry. cheryl: to your point, charlie, a lot of big money managers and investors are now talking about the what-ifs as joe biden is the next president. your point is excellent about that. >> this is just one of the areas they are doing that in. cheryl: charlie, thank you very much. great reporting. thank you. closing bell is going to ring. we have now got 11 minutes to go. up, up and away. boeing lifting the dow as the faa gives the green light for test flights in the grounded 737 max jet. that and sarge is today's "countdown" closer. we'll be right back. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions.

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♪. cheryl: closing bell ringing in a few minutes.

markets off session highs. nice rally for the four-day week for market holiday. markets close on friday. dow up 447. nasdaq up 29. s&p up 72. now the dow positive for the month of june. nasdaq positive for of the month of june. you had strong pending home sales. you saw markets hit session highs. we haven't come off of that housing market in fast recovery mode. that is helping things out. part of the dow jumping right now is obviously boeing. this first test flight for the company. they did it today. they completed it. they tried to get the 73 max jet in the air. the stock is up 14%. they continue to do these through wednesday f they're successful all the planes could be back up in the air by september. all mack flits have been rounded since march of 2019 following two deadly crashes. the news is a big boosted for

the stock. jackie deangelis following the story all day in the fox business newsroom. at this point a lot of folks are ready did for the plane to get back into the sky. reporter: i would say so. cheryl, the 737 max taking to the air again today. the ffa clearing the way for several tests. it took off one p.m. eastern time from boeing facility in seattle. the 737 max jet has been grounded for 15 months, more than a year after 346 people were killed in accidents involving that plane. but the 737 will be instantly approved. the faa issuing a statement sayings hing, quote, the certification flights are expected to take approximately three days. they will include a wide array of slight manueverrers and emergency procedures to assess when they meet faa expertification standards. it was a huge human tragedy. of course it had an impact on the stock price.

you need to remember that. march 10th, 2019, the stock was trading just under $400. now you can see it is up almost 14% today. a little less than 200. it has come back a little. since then boeing conducted many of its own tests and made critical fixes to the fleet of the 737 max jets but this set of tests by us air regulators whether the plane would comply with safety certification standards. the faa says there are more valuations here t could take several more months and a lot of seals of approval to go through. this is the most definitive step to put the plane back in the air. boeing has conducted more than 2,000 hours of flights to test the fixes. after so much bad press, there is question, will passengers want to ride the 737? do they feel the trust of fixes that can be made? there is a lot of anxiety surrounding flying specifically because of the coronavirus

pandemic so travelers are feeling nervous as it is, cheryl. we'll see if they want to get back in these planes. cheryl: as a former flight attendant myself a couple of my friend are pilots, they were flying the max before this happened. i will absolutely get on the plane. the faa are taking boeing to the task, to the mattress, some joke from some movie? good news for boeing. we'll see. jackie deangelis, thank you very much. appreciate it. well, with uncertainties from covid-19 to the upcoming elections plaguing the markets how should investors prepare their portfolios. i want to bring in stephen sarge guilfoyle. sarge, it has been a tough quarter. i call it the covid quarter, q2. it ends tomorrow. we'll start hearing from american companies what the story was and is. what are you gearing up for earnings season? >> you know what?

i don't think this earnings season will matter that much. i don't think most investors are looking at q2 or q3, they're looking more forward than. that i will give investors three names i'm in today that i think can survive the election whether it goes either way or whether the pandemic cause as further slowdown of the economy or gets out of the way. i will tell them amazon will keep growing. they will spend entire operating profit on employee and customer safety. giving bonuses to front line workers. they are insuring the labor force. they are buying loyalty. dominating e-commerce. they bought zukes for 1.3 million. will reduce costs of the last mile of delivery. aws for cloud leadership. i will give you microsoft. microsoft, same thing, cloud leadership. they're migrating out out of the retail business. will cost them $450 million pre-tax. that is five cents. nothing to worry about it.

they're moving it all on to the windows platform. they have 1.2 billion customers across 90 markets. microsoft is set of and compete and gain market share on zoom video and slack as work at home economy becomes more of a normalized thing. people will not go back to the office in numbers. cheryl: maybe a better bet than investing in commercial real estate. to your point, apple and microsoft, that is up 3% for the month. i want to ask you about thursday jobs report. we'll get it this thursday. expectation 3 million jobs. if ex are not as important for second quarter and what we went through, what about the jobs report? what are you going to be looking for? three million added by the way, not lost, added. >> probably add another 3 point something million t will look okay on the surface. we'll get 12% unemployment. we'll think that is good. the real numbers will not be on

the bls but on weekly continuing claims report which is just under the initial jobs claims report. if it is under 19 million, that will be real disappointing. want to see that number drop a couple million. that will tell us so many people are coming back to work on a weekly basis. we really can't look at unemployment on a monthly basis because it is so far behind. it is not accurate. number of people to watch how many people are being laid off and how many people are brought back by employers. cheryl: continuing claims, i'm usually the person bringing our viewers. they are not fun to report. quickly as i ask you we run out of time, are you still banking on stimulus from the government? >> i think we'll get stimulus. i think it will be pointed and it may disappoint. i think you still need a higher cash balance. i've been saying this all year, than you normally would in other times because you just don't know. you need to have gold. gold miners. you need to have cash.

[closing bell rings] >> while you set up growth you can get hurt very badly. cheryl: sarge, we're closing at session highs on the claman "countdown." nasdaq up 108. here we go. "after the bell." take it away. connell: we kick off the week with a rally, quite a rally on wall street. stocks surging on hopes for an economic recovery and also we had some pretty strong economic data today. cheryl says we closed at the high. that is pretty good. i'm connell mcshane. melissa: i'm melissa francis this is "after the bell." the dow closed up 2% led by boeing. shares climb as test flights begin of the 737 max. fox business team coverage. blake burman is at the white house, jackie deangelis is in the newsroom and edward lawrence is in washington. let's kick it off with edward with breaking news on the fed. edward. reporter: exactly.