room and the minute we hit any success there, this market is ripping higher. it is more of a risk to sit on the sidelines than to get in. charles: you made one of the best points of the show but we have run out of time. we will bring you back because you are one of my favorites. thanks a lot, my friend. meantime, speaking of one of the best, cheryl casone is in for liz claman. cheryl: you wanted manufacturing jobs this morning. i delivered, just sayin'. we got 26,000 on the dow. have a great holiday weekend. see you on monday, of course. charles: thank you. thank you very much. cheryl: a lot of breaking news to get to. we were just sitting at 26,000. i won't mess up this rally, i promise you. we have breaking news. july fourth fireworks coming early before the three-day holiday weekend gets under way. markets are shooting higher after an historic june jobs report. that was the joke with charles. 4.8 million jobs added last month, the most ever in one

month. the unemployment rate fell to 11.1%. that is sparking a rally as investors also ignore rising coronavirus cases. right now, as you can see, we are hovering just above 26,000. we may hit session highs once again. the dow was up more than 400. we will see if we can kick it up in the last hour. the s&p up 34, the nasdaq up 122. this could be the 23rd record close for the nasdaq and second day in a row we got records for the tech-heavy nasdaq. we shall see. the june jobs report reflecting the reopening of america. atlantic city casinos rolling the dice on reopening today. the ceo of golden gate casino shares his advice for his competitors after opening his vegas casinos just last month. but gym owners are still waiting for the green light to reopen in many places. beach body ceo and founder on

gym owners' rights to the work-at-home boom. and it's ipo day for lemonade. we will talk to the ceo of the insurance app that's targeting millenials and disrupting a very traditional industry. less than an hour to the closing bell, i'm cheryl casone in for liz claman. let's start "the claman countdown." cheryl: we continue on this breaking news. investor hopes for moderna's coronavirus vaccine took a hit after a delay was reported in a large trial test of the biotech's drug because the company is tweaking the study which is not i guess unusual in the pharma world but still, it spooked investors. stock is down almost 5%. there's no clarity on how long this delay is going to last.

stock to watch as we go into the close definitely is moderna. looking at tesla, going from strength to strength. shares hitting a record after second quarter deliveries smashed the estimates. the ev maker delivered a jaw-dropping 90,000 vehicles in the quarter. there's the stock, up 7.8% right now. take a look at chinese ev maker nio. shares are trading at the highest level in more than a year after second quarter deliveries surged 190%. that stock is up more than 17%. one of the biggest stories of the week has been the electric vehicle market around the world. now let's take a look at coty shares, higher even as they are facing a trade secrets lawsuit over its makeup tie-ups with reality stars kim kardashian west and kylie jenner. the beauty brand named a new ceo, the former worldwide president of both loreal and

lancome. stock up 3.25% right now. nthen there's this. ceos heading to capitol hilary this month. this is the first time they face off with law makers at the same time they are investigating for their collective power in a digital marketplace. as you can see, amazon is higher right now, facebook still lower, getting hit once again, 1.25%. alphabet up almost 3%. amazon hitting a new high despite this news and the fact that it's now aiming for the first week of october for its famed, you know you love it, prime day, the big shopping event. they are delaying it because of these new spikes in the covid-19 cases. they want to keep employees safe, obviously. the big shopping event held in july last year had already been postponed due to supply chain issues for amazon. again, stock to watch. then this one, alaska air flying higher as it secures $1.2 billion in private funding. interesting to note there.

up more than 3% on alaska. then separately, the treasury department signed off on loans to five other airlines as the industry continues to weather the coronavirus pandemic. but america is warning it will have an excess of 8,000 flight attendants come october when restrictions accompanying government aid are lifted. that can mean layoffs for flight attendants at american. every big name we follow except for hawaiian is in the red. hawaiian is barely holding on. sky west, american and spirit all lower right now. well, we may have seen the biggest gain in jobs ever in june but where exactly were the jobs added? taking a look at the leisure and hospitality sector, restaurants started to open, hotels in some places. 2.1 million jobs added in june. this is the largest increase in history and within that 1.5 million were created in the food services and drinking locations, bars and restaurants, as places started to reopen.

remember, the jobs report, that's mid-june when the surveys are taken. that was the first couple weeks basically of june. kind of the story may change second half of june. some other important breakouts are in the manufacturing sector. 356,000 jobs were created. that was about estimates. construction added 158,000. while this is less than the 453,000 that was added for the month of may, construction added 611,000 jobs over the course of two months. that is new home construction. that is real estate. those sectors certainly, the stocks have been seeing a bit of a boost today on that news. are we going to continue to see these types of numbers? they have been pretty extreme and record-breaking obviously. want to bring in our traders today. sarge guilfoyle and phil flynn are with me. sarge, what did you think about obviously the jobs report this morning and what really stuck out to you? >> well, i mean, i'm impressed

with the headline numbers. like you said, leisure and hospitality came a long way back. retail also came a long way back. those areas are problematic for me because a lot of states obviously have to roll back their reopenings or can't move forward with further reopening of their local economies. so continuing claims staying above 19 million, that's a problem for me. initial jobless claims staying around 1.4 million is also a problem. i see the economy moving, not continuing on the v trajectory it was on, moving more like a reverse square root symbol, more sideways, halfway up type of thing. unless we can get niece rithese infections and hospitalizations under control, unless joe biden starts doing more poorly in the polls, because let's face it, nobody wants higher taxes, nobody wants more regulation, then we have to look forward to stimulus from the fed and from the u.s. treasury. if that disappoints, well, we could be in for a fall here. cheryl: well, i want to focus again on the energy industry and

talking about the issue of unemployment initial claims. the peak for initial claims was seven million back in march. this was a jaw-dropping moment, obviously, for the markets. we were in the middle -- at the height of the pandemic. at the same time, a lot of economists are now saying this a lot of these jobs that had been lost and we are almost at 49 million now of initial claims since mid-march if you total them up week after week after week, they are saying a lot of these jobs aren't going to come back. maybe half will not return. >> you know, i think that's pretty pessimistic. i don't think that's the case. i think a lot of these jobs will come back. maybe not the same job, but other jobs in that area. i look at this number as a terrific sign that things are going to get a lot better and a lot more quickly than people thought. there's no reason to look for a dark cloud in the silver lining or the opposite, i don't know how you say that. this was a great job. you mentioned manufacturing. that's one of the key areas that

i think has to come back. it doesn't look like this is going to be a one-off. if you look at the factory orders that came out today, they were astounding. that's going to be very good. but you did hit on one of the weak spots that is going to take some time to come back. that is the energy space. look at what's happening in the sthal patch. shale companies on the bubble and a lot of those are good high-paying jobs. you're right, if president joe biden is in our future, that's going to be a real problem for the u.s. energy industry because you know his aversion to fracking. he doesn't want that to happen. if that's the case, it will look pretty weak. i will tell you this, from a global aspect, what i'm seeing around the globe, i think this jobs report signals the v-shaped recovery is still on track and it's an incredible comeback. a few weeks ago, nobody thought we would be here. we are already here. let's enjoy it over this holiday

weekend. cheryl: certainly. certainly. as we try to enjoy a little sunshine and just can't go to the gym. guys, thank you very much. have a great fourth of july weekend. thanks to both of you. all right. >> [ inaudible ]. cheryl: whatever. i just miss the gym. keep it here on fox business for more on the june jobs report because labor secretary eugene scalia will join lou dobbs tonight, 5:00 p.m. eastern time right here on fox business. want to take a look at the big board and this 26,000 number. if we close above 26,000, this would be the first time this has happened since june 23rd, a week ago. hopefully we didn't just jinx that. i really don't want to do that. but we are at 25,960 right now. taking a look at shares of mcdonald's having a lackluster day after the fast food giant halted its reopening plans. a return to indoor dining now delayed for another three weeks as the daily covid-19 cases and

those numbers spike to record levels in the united states. a lot to watch for investors now. stock is fractionally down. the golden arches are sweating it out. gym owners across the country are looking to make governors feel the burn on prolonged closures. up next, beach body ceo on the coronavirus fitness wars and what he's doing to fight off new competition from a popular name. we'll be right back. -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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cheryl: so mountainside fitness will have their day in court this monday. the ceo of the arizona fitness chain is suing arizona governor doug ducey, calling his closures of businesses like gyms, bars and movie theaters quote, irrational, as gyms across the country remain closed during the coronavirus pandemic and will likely be the last to open and if closures are not stopping americans we should say from keeping active and staying healthy during this time, millions of americans are now getting their sweat on at home. one of the companies making that possible, beachbody fitness. we welcome its ceo and founder, carl daikeler. great to have you here. >> thanks for having me on.

cheryl: you have obviously seen a huge increase in your numbers. 955,000 on-demand signups. that's a huge number. are people going to stay with you, do you think? >> absolutely. you know, you mentioned the gym closures and the friction that's causing. at the end of the day, this is a health business. it's a contradiction for the gym business to want to open for the sake of business when we need to be sure that it's a healthy decision for the people that we're serving. from our perspective, we have been doing this for 20 years. we have literally, not that we saw a pandemic coming, but we saw the convenience of taking just a six foot by six foot space in the living room and turning that into your own personal gym. just needed the right kind of content to unlock the potential of really getting a great workout in at home.

so we have been here all along. it's just great to see people now finding the convenience and the gratification of working out at home that now when the gyms reopen, they will be a great complement to the fitness experience but i do believe that the in-home experience has got no comparison. it's just so convenient when the content is great. cheryl: are you getting approached by fitness instructors and former gym employees, a lot of them who have been furloughed and have obviously not been returned to work? are you getting a lot of applications at the company? that's my first question. my second is how do you co-exist with the competition, because you've got peloton, you've got verence from equinox, there's a whole list of them. how do you kind of compete in what's becoming somewhat of a crowded space? mirror? >> sure. in terms of applications, we are -- we curate literally what

we call super trainers, the best trainers that we can find, and we create workout programs for people that will be a gateway to them getting active. a lot of people, not everybody was looking for a way to stay in shape during the quarantine. they were using it as an excuse to gratify with junk food and take it easy and binge watch netflix, and now, they are looking for that gateway program. beachbody on demand has 74 different programs from the famous p-90x or insanity to 21-day fix, we have a thing that's morning meltdown 100 which is 100 workouts. we pick trainers who are great at creating a relationship with the screen with the viewer at home, and queueing that content in a way that's really professional. that's not an easy job. that's not something you can just jump on instagram and become a great tv personal trainer. now, that really relates to your

other point and that is we've got a lot of competition out there, peloton, mirror, tonal, you know, there's been equipment companies for the entire two decades that we have been doing what we have done, but nobody has created the library that beachbody has and frankly, there are plenty of people for us all to serve. cheryl: what's the most popular -- >> -- million people are overweight or obese in north america alone. we have a lot of people to he will. cheryl: what's the most popular workout? >> well, the number one workout on the platform is 21 day fix. that's had over 40 million views on the platform. p-90x is obviously the most famous but this other one, morning meltdown 100, continues to just blow us away with how many people make it their goal to do 100 workouts on beachbody on demand.

there is something for everybody. cheryl: my sister loved the p-90x. i have to say she raved about it. carl daikeler, thank you very much for being here. very interesting. fitness junkie. this was fun to do this sfwer vi interview. the dow is up 205, 25,941. again, trying to close above 26,000. we shall see. got 40 minutes to go. airbnb is taking aim at house parties gone wild. the company now blocking customers age 25 and under with three reviews or less. this is a company that could help you make lemonade out of an airbnb house. they are wasting no time squeezing the most out of its public market debut. we have got lemonade's ceo here

and his insurance startup closes out anything but sour on their first day of trade. "the claman countdown" will be right back. ta-da! did you know liberty mutual customizes your car insurance so you only pay for what you need? i should get a quote. do it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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cheryl: investors definitely seeing a sweet outlook for mobile-based insurance startup lemonade. shares, take a look at this, up 135% right now. this is market debut for the company. it's an insurance technology app, backed by softbank and it's geared towards millenials that are shopping for either renters or homeowners insurance. it seems to be taking full advantage of the recovery in the venture capital market, we should add. lemonade price, 11 million shares, $29 per share. that is above the expected price range that was supposed to be $26 to $28. they did better than that. even higher than its original range of $23 to $26. i want to bring in from the new york stock exchange co-founder

and ceo of lemonade, daniel schrieber. thank you for being here. congratulations. >> thank you so much. s cheryl: how is lemonade different than going to allstate or nationwide for an insurance policy? what makes you different? >> it's really trying to rethink so many aspects, the whole fundamentals of insurance. we built lemonade from the ground up. so the technology experience is radically different. you buy insurance, the median time to buy a policy is 90 seconds. we pay claims the same way. we actually pay about a third of our claims in just three seconds. so the whole experience is radically different, no hassle, no paperwork and we also changed the business model. a lot of underwriting profits go to nonprofit. insurance is oftentimes plagued by a sense of distrust and adversarial relationships. we tried to rebuild some of the fundamentals in such a way we

would be aligned with our customers. cheryl: most of your customers are millenials which is fascinating. 70% of your customers are under the age of 35 years old. how are they different as customers and what do they want that's different from, say, an older customer like myself? >> i think all of us enjoy the kind of things lemonade is bringing to market. it really is a cocktail of aligned values. we are a public benefit corporation with a lot of our leftover money going to charity and we all would rather work with a company with whom we feel aligned values. tremendous value because renters, first-time buyers of insurance who come to lemonade probably save about 15% relative to some of the older insurance companies and the technology experience. who wants to be dealing with main street brokers when you can do something in 90 seconds with an app with zero hassle and zero paperwork. i think all those things have universal appeal but there's no one that that appeals to more than people who have grown up

with a mobile phone and really can't conceive of doing business any other way. cheryl: five bucks a month for a subscription for insurance, especially for renters, is great. there are some competitors out there, companies like root, hippo, but at the same time, you know, wanted to ask you about the a.i. part of that. a.i. is such a broad term we hear so much. how do you use that technology within the app to really kind of work with each customer? >> you know, that's the part that is visible in the app that everybody gets to experience, is exactly what we were talking about, the box thts that can se you insurance. the average time is three minutes. the average time to get renters insurance is half of that. bots can do stuff so much faster, pay claims instantaneously and they do that while crushing costs. the beautiful thing about doing stuff on a.i. is that instead of having humans who can be irritable and take time and work office hours, suddenly you get instantaneous, dependable,

reliable responses for a fraction of the cost at a superior experience. but it really goes deeper because a.i. can also generate and utilize data in a way that humans just can't. it's the business of using data. that's what insurance is all about. it's about using probability theory. data implications, machine learning, transformative for insurance. cheryl: people don't even realize they are talking to a bot which i love. real quick, you are doing renters, homeowners. thinking about getting into auto insurance, for example? >> so we recently announced we are about to launch pet insurance. in the fullness of time we would like to cater to all of our customers' needs, especially in terms of new products, new geographies, new customers. we are ambitious. cheryl: it's a multi-million dollar business. i know it well. congratulations on the ipo. >> thank you so much. thank you. cheryl: let's take a look at the markets. speaking of how our markets are closing. this is it, by the way, for the

week because the markets are going to be closed tomorrow to celebrate the fourth of july holiday. dow up 195. we have come off or sessiur ses highs, obviously. atlantic city's grand reopening kicking off. coming up next, what the boardwalk's biggest names can learn from its siblings on the strip. golden gate casino derek stephens is here. be sure to tune in for the next fox business virtual town hall. neil cavuto is going to host america together open house next thursday, july 9th. real estate pioneer barbara corcoran is his special guest. you can ask him a question, message fox business on facebook or instagram or e-mail us, investedinyou@ foxbusiness.com. we'll be right back. (vo) at audi, we design cars that exhilarate with versatility, whether on the track, or the everyday drive. today, that philosophy extends to how we connect with you.

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cheryl: well, the east coast

version of las vegas is open for business after almost four months, atlantic city's casinos reopened today in new jersey. but gamblers are not going to be allowed to smoke, drink or eat anything inside. they are going to have to wear masks and get their temperatures checked. las vegas opened a month ago and in the weeks since, reports of large crowds failing to social distance and a lack of safety protocols have plagued sin city. clark county, where vegas is located, saw record daily increases in coronavirus cases two weeks after reopening. we have derek stephens here, who owns the golden gate casino and hotel. derek, i guess it's been a bit of a bumpy reopening for las vegas and certainly the caseload is a concern. how are you feeling about business right now? >> well, we opened in nevada on june 4th. we weren't the first

jurisdiction to open. we saw deadwood in south dakota open, we saw a number of other jurisdictions open. i think the nevada gaming control board did a great job with regard to setting up some of the regulations for nevada. so i would tell you one thing that's most interesting to me is initial pent-up demand, the first couple days' worth of customers versus what's happening now, i think you've seen customers really evolve. in the first few days, there weren't that many people wearing masks but i think what you've seen, particularly in the last week and a half, wearing masks is obviously, it's a regulation now in nevada, but it's not an issue. people are now figuring out a way to have fun and be safe at the same time. cheryl: you're saying at least in your casino, we will speak to that, you are seeing people actually wearing masks and social distancing, being respectful of other people? >> yeah, absolutely. it's a requirement to wear a mask in a casino in nevada.

and i think initially, there was a little bit of trepidation but i think we are way past that. everyone's very cognizant of their social distance, everyone is very cognizant of wearing a mask. there really hasn't been any issues in the last week. cheryl: you're not worried about a surge in cases in nevada? >> well, no, you can't say that. of course we are. we are actively monitoring all the data and all the information we can get. we are just trying to put ourselves in a position where everybody can be safe and have fun. cheryl: all right. so one of the things that's happened now, i'm curious if this is going to affect tourism in vegas, like here in new york, for example, governor cuomo put this big list out of if you fly to these states, you have to quarantine when you come back. obviously, nevada's there as well as california and texas and florida. are you worried about tourism? are you seeing a little bit of drop in traffic in the last say week or so because of that? >> i can't say that.

i think really, the way las vegas was set up was really to set up to come back slowly and i can't say that we are seeing anything unique about this weekend. i would say that obviously the different lockdowns and quarantine orders will clearly have an impact going forward so really, it's the numbers across the whole country. cheryl: i have to ask you before i let you go, it's really -- most of our viewers tell me it's really hot, it gets real hot in las vegas. isn't summer already kind of slow for you a little bit? >> it's the slowest time but the one thing we have noticed is that there's been so much new sports betting that's taken place and everyone is doing it on the app. recently we just -- yesterday we just launched our circus sports app in colorado. we have had our nevada circus sports app going and i think from a social distance perspective it's accelerated the curve. we have more people betting on their phones now than we ever

had. i think there's a lot of different components how things are changing and consumers are changing. cheryl: no buffets, right? you're not doing the buffet thing anymore? >> no. i think maybe the wynn came out with a buffet but it's something where you get served. one thing i was going to mention, i think it's pretty interesting. the fact i can talk about it being a privately held company, i don't have a quiet period. one thing in june i think you will see, although head counts in las vegas are down, i think the spend per person is up considerably. when we look at our numbers, june of this year versus june of '19, our slot numbers, our table numbers, are up quite a bit even though the number of people are down. so the consumer spend has been terrific. i think you will see that with the publicly traded companies coming out with their numbers shortly. cheryl: i think i have several family members that are probably doing that exact thing right now. i was the kid dragged to the casinos. derek, thank you very much for being here. we appreciate it. good luck to you this summer,

sir. >> thank you. cheryl: all right. let's take a look at the big board right now. we are higher by 185 points, 25,920. gosh, we really are trying to hit that 26,000. we are well off session highs but again, strong jobs report this morning and that is giving us another day of green arrows. we will take it as we head to a three-day weekend. coming up, disgraced financier jeffrey epstein's gal pal is now in cuffs. coming up next, charlie gasparino has new details on the british socialite's arrest in the sex scandal that sent shock waves through d.c., the street, buckingham palace. charlie breaks it next. just over a year ago, i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars

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cheryl: spotify jumping up on reports it could add video streaming services competing with youtube, after spending more than $375 million on podcasts this year including a deal with joe rogen to take his show off youtube and exclusively have it on spotify, online news outlet take the lead is reporting that spotify is aiming to attract other creators to its platform by offering curated quality video content. we shall see. joe rogen was a big catch for them. spotify up more than 4.25% right now. well, in the wake of ghislaine maxwell's arrest for her vovrmeinvolvement with the jeffrey epstein, attorney general for the southern district of new york audrey strauss announced charges this afternoon. >> today we announce charges against ghislaine maxwell for

helping jeffrey epstein sexually exploit and abuse multiple minor girls from the period of 1994 through 1997. cheryl: according to the u.s. attorney, maxwell is an extreme flight risk and she faces up the 35 years in prison if convicted. she's in her 50s, we should say. she went on to say that maxwell has been hiding out in locations in new england since epstein's arrest. that was a year ago. she's going to make her first appearance in the new hampshire federal court before she will be transferred to manhattan. i want to bring in charlie gasparino, who has been following this story very closely. you know this story very well. this is big news today, charlie. charlie: yeah, it is big news, because if there's any -- if there's anybody that knows the back story fully of jeffrey epstein, there's plenty of conspiracy theories out there about who might have killed him. i still believe he committed suicide. who was on his island, there has

always been speculation bill clinton went to the island that he owned that some of the crimes with the girls took place. others have denied it as well. she can probably shed light. here's kind of what i know from speaking with people that are associated with this case, that the federal agents and prosecutors are going to be maxing out security around maxwell, so to speak. they want to prevent another suicide like jeffrey epstein. they want her to have her day in court. and they want to kind of get to the bottom of all the rest of this stuff. there's plenty of noise. i have done a ton of reporting on this. i can tell you the conspiracy theories about jeffrey epstein begin with he got off lightly on the first case because he helped prosecute wall street financial crimes following 2008. that's not true. so there's going to be a lot of stuff that she can provide evidence on.

again, i think the other thing is we know a lot about the crime or we know substantially about the crime. what we don't know is how jeffrey epstein accumulated his massive wealth. there's still a lot of gray area there. i know somewhat about it. i know he was a money manager for some very powerful, influential and rich people. he made some money but still, i think she can provide some -- shed some light on that. also, she can implicate others. i think one thing that she could do, she can clear others, including allan dershowitz who has been dragged through the mud on this, the lawyer which not a lot of -- i'm saying this as a journalist, weighing the evidence, the evidence of him being part of epstein's scheme is pretty weak tea or very weak, almost nonexistently weak. it doesn't exist, mostly, except for he said/she said. maybe she can help clear some people's names that were associated with. that's where we are right now. this is big news. it was a long time coming. she apparently has $20 million,

not billion, million. it seems like a small amount of money for someone who is that associated with a guy worth $1 billion and was keeping tabs on him but we'll see why, you know, where that money came from. it was interesting if you read the indictment, interesting stuff about money sloshing back and forth between her and epstein so we will get to the bottom of that, why he was doing some of that stuff. we are about to get some much-needed light on this subject. i will say this. i was part of the netflix documentary. cheryl: i was going to bring that up. charlie: it was one thing that was really missing from the documentary was some sort of answer to where -- how much money he made and where it went. they never really got there. [ speaking simultaneously ] charlie: that was part of it but you can't make 500 to a billion dollars off one guy. maybe you can. we needed to bounce that around. i want to switch gears for a

minute. i broke some news earlier today about a july 8th date for opening bids on the new york mets that allen and company which is auctioning the mets has stated. that's what i'm getting from people who are bidding on this. here's the interesting thing. what i have been told is that alex rodriguez through jpmorgan teamed up with vinny viola and michael prolie, that they will have enough money, that jpmorgan is telling people i'm not there so i have not done the audit but jpmorgan is signaling to others that a-rod, they have raised enough money for a-rod to have a bid. cheryl: a-rod and the mets. still trying to wrap my head around it. charlie: i believe it when i see it. so you know. cheryl: charlie, thank you very much. have a great fourth of july. try not to work too much. actually take a day off.

charlie: i plan to take one day off. cheryl: okay. good. you go for that. charlie gasparino, thank you very much. we've got the dow up 101 right now. closing bell, we've got about nine minutes to go. coming up next, today's "countdown" closer's got some picks to help ease market indigestion and eat up profits. that's your hint. "the claman countdown" will be right back. ♪ ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeah ♪ hey, hey

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two: this type of plan allows you to keep your doctor - as long as he or she accepts medicare patients. and three: these are the only medicare supplement plans endorsed by aarp. learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. cheryl: all right. we've got about five minutes to go. the closing bell's going to ring. market gains evaporating in the final hour of trading, despite today's historic jobs report we are still, though, in positive territory as we close out a holiday-short week. markets are going to be closed tomorrow. they will open back up on monday. for the week, the dow, let's take a look at the final numbers for at least this week. the dow gaining 3%, s&p up almost 4%, nasdaq up 4.5%. by the way, the nasdaq is about to close at another record high.

second straight day, the 23rd record close for the nasdaq. >> cheryl, that's right. pfizer up 7.7% for the week. why? they announced a very aggressive timeline for their covid-19 vaccine. traders loved it sending shares higher. boeing up, testing flights for the troubled 737 max jet. raytheon is an interesting story. they won a contract from the foreign military sales program. products to saudi arabia. but david portnoy, a buyer of this stock, famous day-trader. how did he choose the stock. randomly picking scrabble tiles out after bag. rtx. federal express up 19.5% on the week. eps there a driving force behind

that stock. wynn, spg, which is simon property group, those stocks interesting, because they have been down on covid-19 fears. lots of green for stocks this week. cheryl? cheryl: good point. a lot of these companies don't need as much office space as they used to. gerri willis, good to see you, gerri. thank you. well the markets go up, they go down. look it has been volatile. certainly been a pretty intense second quarter for all of but how do you ensure your portfolio is protected against volatility? bring in today's closer, ernie ramos, bmo low volatility equity fund. 277 billion of assets under management. volatility has been the name of the game for the second quarter in particular but what about the next half of the year? do you think we'll still have high volatility? >> i think we will, cheryl, for

the simple reason that the reopening the economy is going on but at the same time covid-19 is still not gone by any measure. we're seeing resurgence in a lot of areas. this is a medical event. there is no way we can anticipate how it is going to end, meaning when it is going to end. we know it will end at some point. because of that, the fact that nobody can predict it, we'll see volatility as covid gets better, covid gets worse, economy accordingly gets worse or better depending how the reopen something going, depending on the virus. there is still a lot of uncertainty, why owning a fund like the bmo low volatility fund. you want to be own the market but protect against the volatility in the downside risk. cheryl: our viewers are smart

enough they have to prepare, we'll see what happens with the number of case. we're still in the kind of first wave. we're coming up on earnings season all right with the quarter closing a couple days ago. are there certain sectors that you think can actually protect people? is it consumer staples? what kind of groups do you like here? >> consumer staples is one of the sectors that has done actually well in this environment. companies we own in our portfolio, for example, sprouts farmer's market, kroger, that grocery business is still doing well. sprouts, for example, ramping up their home delivery, sales up 900% year on year. that is a great result. so, these are the naturally well-geared companies for an environment such as this. then the company that we owned that do well in the environment is newmont. as policy response in the market

is, exposure to gold, newmont is a gold miner, gold by the way hit all-time high ever yesterday of $1780 per ounce. that is actually pretty good for a company like newmont. cheryl: i don't have a lot of time, are you nervous about some of the balance sheets on some of thesep companies? we basically have no outlook. they have all suspended outlooks for the year? >> yeah. in fact we're making doubly sure as we go along in these times the balance sheets of every company are especially strong. they can get through the other end of this. so again, these are naturally low risk, companies that we look for are naturally low risk. which will tend to have very strong balance sheets but we actually doubly checking that, to make sure we don't own anything too leveraged or any bankruptcy risk associated with it. cheryl: yeah. our eyes are opening up to all of this a couple weeks.

earnest ramos is thank you for being here. [closing bell rings] new highs for the nasdaq. you're welcome, america. i didn't completely blow the gains for the day. "after the bell" starts right now. melissa: getting back to work. stocks climbing today as job growth jumped in june crushing expectations. i'm melissa francis. connell: i'm connell mcshane. welcome to "after the bell," everybody as we wrap up a trading week on a high note. major afterrings actually close near the lows of the day. they come off earlier highs. still up across the board. still another record second in a row for the nasdaq. we'll run through all the numbers and top stories for you as we have fox business team coverage set up. blake burman at the white house. jackie deangelis at the newsroom in new york. edward lawrence is in washington. that is where we start reporting on the blowout