go higher, notwithstanding pullback. not a big amount, i think 10% to 15% of my assets are in it. so far, so good. gary kaltbaum, thank you so much, my friend. we didn't even get to zimbabwe shutting down their stock market because of inflation. we will talk about it next time. i'm going to hand it over to my friend, glad to see her. liz, just for you, all three major indices higher as we go into the last hour of trading. liz: you're so sweet. thank you. good to see you, too, charles. great to be back. so good to be back in the chair for all of you guys. because wall street is exhibiting a bit of a split personality as we head into what could be a volatile final hour of trade. the power of key big tech and media stocks has the nasdaq nearing another record. now, it needs to be up 89 points. you see it right now.

we are up 96. just a second ago we were kind of below that so you've got to stay with us with the whole hour. the dow, by the way, which had been up as many as 219 points earlier, was down, up, down, up, now it is better by 72 points. we are watching all of this as investors weigh rising coronavirus cases which now top three million and balancing that, positive news on the vaccine front. as businesses wait and wonder when they can reopen, one of the nation's hottest franchises is warming up its massage oils. the hand and stone massage and facial spa ceo, there are hundreds of them, he is here to tell us what he's seeing at his 460 plus locations and if he's hanging out the help wanted sign. a fox business alert, we are minutes away from president trump and mexican president andres obrador signing a joint declaration celebrating the years-long fight to recraft the

u.s. mexico canada trade deal. how closely will not just china but u.s. auto companies be watching and maybe worrying? plus, walmart primed to take on amazon with an old-fashioned price war. the electric vehicle up and comer stocks that are absolutely electrified right now. and charlie broke it and now it's official. but what's next in the brooks brothers bankruptcy? charlie is here to tell you. less than an hour to the closing bell. let's start "the claman countdown." liz: breaking news. microsoft is introducing some big updates to its teams platform in a bid to liven up pandemic-driven virtual meetings. starting with a new together mode, that's what it's called, using a.i. technology to create users' faces which will then meet in a virtual space such as

a conference room or coffee shop. this together mode will be available to all users by august but some teams users can actually check it out now and we can check out the stock for you. the stock is up two full percentage points right now. by the way, we are going to get the reaction to the news straight from microsoft teams rival, slack's ceo stuart butterfield on "the claman countdown" tomorrow. you've got to hear what he has to say because they have had a very strong couple of months as well. all right. we are switching now the lower right hand bug. you will notice this now, from the dow where it tususually is, the nasdaq because we are now above what we need to see a close for the nasdaq's 25th record close this year alone. forget june. july is busting out all over for the tech heavy index. the nasdaq is up nearly 4% in just the first five trading days of this second half of 2020. these are the best first five days of the second half of the year since back in 2003,

actually, when it gained 7.6%. remember, how long ago was 2003? bruce almighty was one of the top movies and that was the year apple launched itunes. 17 years later, so much so for all companies is hinging on a coronavirus vaccine. moderna saying today it has now completed enrollment in its phase 2 study which means it can now begin the critical phase 3 of its covid-19 vaccine candidate this month. if all goes according to plan, the biotech whose stock is jumping about .25% right now, also said it is on track to deliver approximately 500 million to up to a billion doses per year of this we hope upcoming vaccine and that would start 2021. two deals involving three publicly traded companies and one private company are gyrating the insurance sector. allstate is buying national general holdings for nearly $4

billion in cash. a allstate is dropping but national general is up 65%. then to kkr, buying global atlantic financial, formerly goldman sachs reinsurance. they are doing it at one-time book value. that works out to $4.4 billion, if and when the deal closes. kkr is up 8.5%. the electric vehicle market is electrified at this hour. jpmorgan raising nikola to overweight from neutral. they are bullish on the long-term prospects of the badger pickup truck maker. you've got nikola jumping 30.25% right now. there's the badger. i'm liking the look of that thing. i like that lower blue light, kind of hot there. then meanwhile, you've got robin hood favorite nio hitting a record at the open. the record was $13.77. you can see it touched it and is now moving in the opposite direction. it's down 2.8% at $12.87. then you've always got to check

on tesla. tesla is circling around the $1400 mark. it was there earlier, it too is now pulling back 3.33% to $1,343. but either way, tesla has a market cap of about $260 billion and by the way, just for comparison purposes, general motors' market cap, $35 billion. tesla, wow. at this hour, twitter's stock is launching into orbit after it posted a job listing that set off the twitterverse. shares jumping 7.7% as it appears that twitter is looking to staff a new subscription service. the listing was for something called gryphon. the code name, it's a code name for the microblogging site's potential subscription platform. the move could diversify twitter's revenue beyond advertising. why are we showing you that white thing with tiny writing on

it? because that's the actual listing for twitter. so twitter and its possibly new subscription service could mean a lot more cash coming in on revenue. all right. now, if we had to pick two names, though, that are really providing the twin engines behind nasdaq's sonic boom today, it's apple jumping up as deutsche bank boosted its price target to $400 per share and netflix, which just' cause is seeing big gains. apple moving higher by nearly 2%, now at $379.90. we've got netflix at $503 at the moment, a 2% gain. as well, both are on track to see record closes. while tech and media are obviously doing absolutely fantastically, where are the biggest flows right now? to our floor show traders. tim anderson and phil flynn. guys, tim, flows can go in two different directions so tim, what are you seeing on the floor of t of the nyse? where are investors getting out

and where are they going into? >> talk about big tech first because you just talked about it for a couple minutes. i think investors are pretty much where they want to be in that space right now. i don't see them exiting but i don't see them adding significantly to their positions. keep in mind that most of these big investors have big enough egos to think that if it comes to an end for big tech, they will be able to get out before the real decline takes place. but where are they going in? certainly consumer discretionary and cyclicals look like they are just starting to percolate the beginning of a pretty good move, especially given the fact that sure, we are going to have some stops and starts with the virus and everything, but the economy, all the numbers on the economy have been much, much stronger than all the economists have expected. and if you want to get a little more specific, anything and everything that has something to do with home buying, home

building, home furnishing, home maintenance and home ownership is probably looking very good for the next -- throughout the end of the year. liz: yeah. you know, i'm starting to see that. in fact, phil flynn, as we look at what tim just mentioned, consumer discretionary, folks, the way you can decide between non-discretionary and discretionary is discretionary's choice. you can choose whether to buy that. that's anything from fancy outfits to fancy electronic electronicelectronics, et cetera but non-discretionary, you've got to buy. phil, are you seeing the same flows into and out of? >> yeah, we really are. i think you mentioned walmart, which i think is interesting. this is like their second attempt to compete with amazon on a one-to-one basis with their shipping. it will be interesting. we are seeing that. most of that, the flows we are seeing is in those good old commodity names.

liz: all right. phil froze. but can i make a point as i'm looking, i'm glad he brought up commodities. there you are. go ahead, phil. >> here i am. hi, how are you? to make a long story short, you got that gold at the highest level since 2011 which has been pretty darned incredible. and you are seeing the exchange stocks really start to pick up. you know, a lot of times, the earnings have been a concern for these stocks as volumes were down because of zero oil and things like that. the dog agrees with me. liz: we will let the dogs out once again. okay. all right. sorry. that's not me. i don't know, that must be tim's dog. that's tim's dog. guys, thank you very much. okay. so the nasdaq, now up 114.

folks, i'm going to be continually talking about this because we need to be up 89 points for this to be an all-time record close. it's not a sure thing, though. because we have been there multiple times today and then it's back below it. we are keeping an eye on it. i got a question for you. has house hunters started to poke their heads out from hiding? that may be an understatement. you just heard tim mention the home builders. home builder taylor morrison said june sales increased 94% year over year and we are up 23% overall in the second quarter and that has investors jazzed. taylor morrison homes, tmhc, jumping 14.5%. up next, as home builders rally, spas are still struggling with coronavirus reopening rules that are changing literally minute by minute. one minute they are open, the next wait a minute, we're not sure. in a surprising twist, the ceo of hand and stone massage and

facial spa is starting to see a light at the end of the pandemic tunnel. how bright is that light? try this. he's about to kick off a hiring spree. he's going to tell us about it next. stay with us. as a caricature ar, i appreciate what makes each person unique. that's why i like liberty mutual. they get that no two people are alike and customize your car insurance so you only pay for what you need. almost done. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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liz: the land of the free comma club, silicon valley, just getting word from health officials they can now get massages and facials and go to the gym again. officials in santa clara, california, home of apple, all of the big names in tech, mountain view, san jose, they have been approved to reopen. starting monday, hair salons, nail salons, gyms and massage therapy centers will be allowed to open their doors to customers, which in turn will of course allow thousands of employees back to work. the news is music or maybe the sound of a babbling brook to the ears of our next guest. hand & stone massage and facial spas, with more than 450 locations across the u.s., forbes last year named it one of the top franchises to buy. the ceo, we said get him in here

because this has got to be such a relief for you. what was your first thought when you heard from county officials, todd, that you can reopen? >> we have been getting these messages across the country and we are just thrilled. as of today, we are able to be reopened at 461 of our 471 locatio locations. really just a few jurisdictions left where we can't operate. we are thrilled to be back in business. liz: i was amazed, you've got one down the street where i live and i was amazed to see how many locations you have in new jersey, but also in florida. which jurisdictions, we can show the map at the moment, where your franchises are, but which areas are still saying no, you can't reopen? >> just have a couple places in the bay area, you know, that we are still not able to open. one or two in maryland. but other than that, we have --

i'm actually surprised our projections were to be at this level a little bit later in the year. so i think we're kind of out-pacing our reopening projections. liz: i'm very interested, i know our viewers are, to find out, look on the screen right now. we've got people putting stones, hot stones and hands on people's bodies for massages. this is very close contact. what kind of protocols do you have in place and what can people expect? >> right. you know, this was the existential question we had to ask ourselves kind of back in march and april. how do you do a hands-on business in the world of covid-19 with no therapeutic and no vaccine. so we actually engaged a panel of medical and infectious disease experts to, one, assess the risk and two, what are the protocols that have to be put in place.

you know, because this is a disease that's generally transmitted through respiratory means, hands-on is not as high risk as the perception of it might be. so if you can limit any chance of respiratory exchange, you are doing a lot to reduce that risk. so for example, all of our staff service providers, you know, have to wear ppe. our aestheticians wear face masks and face shields. we ask all customers to wear face masks. we are taking the temperature of all employees before they provide service. we were lucky, we have sinks in all our rooms so we are requiring all of our massage therapists to wash their hands before and after each service. cleaning every surface with hospital grade disinfectant. we put a series of protocols in

place. i think we start with a place where this is not necessarily a high risk, then put these additional safety protocols in and lower the risk even further. liz: got you. before we go, you are hiring. for what types of positions? i'm very interested because there are people now, millions without jobs at the moment. >> yeah. and you know, this has been a challenge for the industry, but basically, we still, you know, need massage therapists, licensed massage therapists in this industry. we are still opening new locations. we will open another 25 new locations the back half of this year and we have to staff those places as well as existing facilities. liz: good. good. it's so good to hear that you can open and you can get back in business. i'm sure your franchisees are very eager for that. todd, keep us posted. thank you so much for joining

us. >> absolutely. thank you. liz: appreciate it. any time. any time. hand & stone massage. check it out. we have 40 minutes before the closing bell rings. the dow now gaining 128. the nasdaq, folks, we are up 122 points. well above that level that we need to see for yet another all-time record close. it will be the 25th of this year alone. and the party's back on at party city. the retailer's stock shooting higher after it announced it has regained compliance with the new york stock exchange's listing standards. you may not have heard this but it did get a non-compliance notice on april 9th but has rallied 450% since its march low of 26 cents. it's still just $1.43. right now, it's up 11.7%. the company that's been dressing presidents and wall street for more than 200 years has filed for bankruptcy. charlie breaks it on what's next

for brooks brothers on "the claman countdown." now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today.

liz: well, their iconic suits may be navy but brooks brothers is hoping to get back in the black after filing for chapter 11 bankruptcy earlier today. so now, the hunt for a buyer begins. to charlie gasparino, who is ready to name names. hi, charlie. charlie: liz, as we reported first on your show on monday, i know you weren't here for the festivities, we reported first on fox business -- liz: i heard. charlie: this was going to come this weekend, there were going to be bidders lining up. here's what we know about the potential bidders. not all of them have -- this is now chapter 11 which means it's up to a bankruptcy judge, essentially, to figure out who should own the company, which is best for the company. here's what we know. there's going to be i would say

three or four of them. most of the bidders are going to essentially want to downsize this thing significantly. they are going to want to get rid of most of the u.s. store footprint. they are going to want, if they keep manufacturing, they want to offload it overseas. a lot of them may just license the brand and put it on already manufacturer's clothes. that is a real possibility. there's one of the bidders that's emerging is going a different route and that's a guy named david jackson. he used to be -- he used to run barney's, the other high end men's clothing company, sold it i believe back in 2014. got to check my dates on that. came back and tried to rebid for it. he runs a private equity firm, solitaire partners. he's thinking of putting together a bid or at least he's moving towards putting together a bid. i would be surprised if he doesn't based on what i know. that will essentially do this. they will have to downsize some of the stores but he will keep many of them.

you will still see brooks brothers outlets. he will try to keep manufacturing in the u.s., maybe outsource some of it but keep -- that's part of his plan is to keep manufacturing in the u.s. and try to keep this as a u.s. brand. at least that what he's trying to do. whether the numbers work or not, i can't tell you. i don't know how much equity he wants to put into this. the enterprise value, i'm told, of brooks brothers with debt and equity, if you are going to combine it, is something like $350 million, not a huge nut for private equity, which has a lot of money right now, sitting on a lot of money. we understand mr. jackson is working with a major private equity player to put together this bid. that private equity player could emerge in the next couple of days. so he's going to -- he's probably going to have the money. he's going to have to make the pitch to the bankruptcy judge. he's going to be up against i think a number of parties. some of the names out there, simon properties, a property group, i think they own some of the property that brooks brothers stores are in. they may be a bidder.

whp global is seen as possibly the company's preferred choice. now, this is a financing company that's backed by the blackstone and oak tree investments. they have already given brooks brothers a $75 million debtor in possession loan to get them through the time between bankruptcy and what happens next. that's going to be -- a lot of people think that's going to be the main stalking horse bidder that the company prefers but jackson really wants to make a run of it. we will see if he does. if he makes a run of it, he wants to keep the u.s. footprint. if this thing does implode, if it does become some sort of online clothing company, if it ships everything overseas, licenses the clothes, it's the demise of a great american brand. maybe kids today don't appreciate brooks brothers. for me, when i could afford a

brooks brothers suit -- liz: do you wear them? charlie: i do. i do wear them. when i could finally afford a brooks brothers suit it was a career day. when i walked into one of their stores. liz: big deal, yeah. charlie: some guy measured me. i felt there was no better experience in my life. but you know, times are changing. you know, particularly with the pandemic, that pushed it over the edge. people aren't wearing suits and buying suits right now. again, jackson thinks he can make a business of it and make a u.s. business of it. obviously slimmed down but at least some semblance of its old self. we will see what happens in the days and weeks ahead. there's going to be a little bit i guess not quite a bidding war because i don't think they will bid for it but this is going to be a bit of a chase for brooks brothers. it still has a very good brand name and great clothes. liz: yeah. i'm pretty sure that was my son's bar mitzvah suit. brooks brothers. charlie: he's got good taste.

liz: inauguration, forget it. bar mitzvah. charlie, thank you. nice to see you again. thank you so much. by the way, this good will between me and charlie will last nine minutes. the closing bell is about 29 minutes away and we've got great market action, if you are a bull. the nasdaq, yes, we will, if we were to close right now, close at an all time record high. we are up 130 there. s&p showing muscle here, up 21. the dow up 158. we do have this alert. we are awaiting president trump, who is hosting the president of mexico, president obrador. they will arrive in the rose garden to sign a joint proclamation of friendship and community, just a week after the $1.2 trillion u.s. mexico canada trade deal went into effect. we are going to take you to the white house as soon as that begins. we've got edward lawrence there. we've got cameras there. they are all set up. we just got this camera punched up. we are on it. be sure to tune in for the next fox business virtual town hall.

neil cavuto will host america together open house, that's tomorrow 1:00 p.m. eastern. real estate pioneer barbara corcoran, part of the action along with special appearances by quicken loans ceo jay farner and ara hovnanian, hovnanian home builders ceo. 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. 28 minutes before that bell rings.

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today's festivities but there are a lot of questions as to how closely china is watching this and whether they should be nervous, but also, u.s. auto companies, where they may be paying more in labor fees, correct? reporter: exactly. that's one of the issues they are going to be talking about related to this. you know, this is actually the mexican president's first international trip as president of mexico. it's a chance to solidify the relationship between the u.s. and mexico. now, one official i talked with here at the white house says the president donald trump actually has started a good rapport with the mexican president over the phone, now they can solidify that face-to-face talking about the issues. secretary of state mike pompeo says that's happening right now. listen. >> we'll talk about the full range of issues that we work on with the mexican government. certainly the economic issues, we want to talk about our border, how we make sure we keep that border, that commercial traffic up and successful. very important american supply chains, canadian supply chains,

that you can see come into full force under the usmca. we've got to make sure we get that right. reporter: the white house is rolling out the red carpet for the mexican president there will be a signing ceremony in the rose garden, you mentioned that, for both world leaders. the two are expected to discuss immigration as well. at the dinner tonight there will be a heavy focus on trade. the ceos of major companies will be in attendance. there has also been criticism for the mexicans from democrats in the house and senate that they may not be living up to enforcing the paying of workers. at least $16 an hour to make cars under usmca. the u.s. trade representative is here at the white house. that could be part of the discussion. now, it is worth noting that president obrador took commercial airlines here to the united states. he wore a mask on board. he was tested after arriving here in the u.s., tested negative for the coronavirus. liz? liz: you know, i just want to describe the scene at the moment. so i believe we just got a shot of wilbur ross, commerce

secretary, and robert lighthizer, the trade representative. wilbur, he's the one wearing the mask in the far right. he appears to be on his phone. i'm thinking that's lighthizer right behind him. and i think it's important to note, too, edward, that mexico has really morphed over the years to become a massive auto manufacturing and auto parts manufacturing hub but their labor fees have been way lower. they pay their people about $1.50 per hour for parts and $2.50 on the assembly line. that now, according to usmca, has to move up to $16 an hour. correct? that will impact the cost of a car. reporter: for 75% of the car, it does push the costs up. that's one of the reasons mexico has been so successful at the manufacturing, is their cost of labor was so cheap, then they had the agreement with the united states and this agreement, usmca, to allow products to freely flow through. in doing this agreement, the u.s. and canada really wanted to

make sure mexico sort of came up to our standards related to manufacturing of those parts and paying the labor wages of $16 an hour so they do have to make that threshold on a majority of the car in order to have it satisfied that they have free trade. that's important. liz: indeed. reporter: you see the scene. you mentioned wilbur ross. i mentioned earlier at the white house, i talked to him earlier at the white house, he was walking through here. very interesting, this scene. he is very interested in obviously the commerce part of this, the trade, making sure that that trade follows through. the administration believes this is going to create 600,000 jobs between u.s., mexico and canada over the next five years, but those jobs here in the united states, because of this agreement. liz: well, yeah. and perhaps some of that business might move north to our country. we will be watching all of it. edward is going to stand right there. don't worry. we've got our cameras right there. meantime, we have the closing bell ringing in 19

minutes. nasdaq up 119. that will be the 25th all time record close if we can hold on to that number. dow is up 141 points. as we await the presidents of both u.s. and mexico, and by the way, we just want to let everybody know, we are keeping an eye very closely on that, it is not just trade with mexico and canada that we are watching at this hour. forget avocado tariffs. how about wine tariffs and the trade war with the european union, leaving u.s. wine makers with sour grapes. we've got kristina partsinevelos on that story from a vineyard live on long island. you've got to stay tuned, hear what she has to say and show you. the man who maneuvered l ee way through downturns and personal obstacles. john chambers is the focus of my everyone talks to liz podcast. find out how not only how he's advising his startups that he's

funding during this time and his playbook for getting through the good, bad and ugly, how his story takes him from a school kid with a terrible learning disability to the ceo of one of the biggest, most forward-thinking companies in the world. download it and listen on spotify, apple, google, fox news podcasts.com. let me know what you think. we'll be right back. ack. but what if you could do better than that? like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. wow. jim could you ipop the hood for us?? there she is. -turbocharged, right? yes it is.

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liz: breaking news. president trump and the president of mexico are about to make comments in the rose garden at the white house. we do have a two-minute warning. as we wait on this, you know that part of the issue with all of the tension between the two countries pre-nafta and post-nafta really brought up the point about tariffs and as we await the president of mexico and the u.s., kristina partsinevelos, let me bring her in. oh, here's the president. i just want to say give me your

quick thoughts on tariffs at wineries because the wineries are down for the count. quickly. reporter: well, it's wine importers, really quickly, that are worried because tariffs right now are 25% and they could jump to 100% and that could be reflected in higher prices for consumers. that's a major concern for the market, especially since it's on the downward trend, it could be a $6 billion loss this year for the u.s. wine market alone. liz: got you. all right. thank you, kristina. here are the president of mexico and president trump. >> my good friend president lopez obrador of mexico. we've had a very outstanding relationship. mr. president, we are truly moved that you chose to make your first foreign visit since taking office, very successfully taking office, i might add, to be with us at the white house. the relationship between the united states and mexico has never been closer than it is right now and as the president

said a little while ago, people were betting against that. they were actually betting against that. but it's never been stronger, never been closer. we are doing tremendous job together. we are cherished friends, partners and neighbors. our cooperation is founded on mutual trust and mutual respect between the two of us and between our two countries, and we honor the great dignity of both nations. with this visit, president lopez obrador and i have the opportunity to strengthen the bond we have forged since his impressive election victory more than two years ago, a victory the vice president and ivanka joined in celebrating at the swearing-in. that was a very exciting day for them. each of us was elected on the pledge to fight corruption, return power to the people and put the interests of our countries first and i do that and you do that, mr. president. the tradition of great respect between mexican and american presidents goes back to the

early days of both of our nations and in particular, it includes president abraham lincoln and president benito jaurez who each held one another in very very high esteem. they were great friends and they did great things together and we are grateful that this morning, president lopez obrador laid a wreath at the memorials that stand to each of these leaders right here in our nation's capital. that was very beautiful, beautiful ceremony. our countries are linked by trade and travel, by history and culture, by faith and family. the united states is home to 36 million incredible mexican american citizens. mexican americans uplift our communities and they strengthen our churches and enrich every feature of national life. they are hard-working incredible people. they are also great businessmen and women and make up a big

percentage of our small business owners and very successful. they are very very successful. they are like you, they are tough negotiators and great business people, mr. president. working alongside president lopez obrador, we are taking this relationship to new heights and building a powerful economic and security partnership. together we have addressed many of the most complex issues facing our two countries that really went unresolved for many years, and frankly, far too long. should have been resolved long before i got here. but we're achieving great strides and remarkable breakthroughs and strengthening our relationship for decades to come. with everything that we have accomplished, the potential for the future of the united states and mexico is unlimited, far, far greater situation really for both countries than anyone thought possible. today we celebrate the historic victory we achieved together just days ago, when nafta was

officially terminated. one of the worst trade deals in history. and replaced with a brand new beautiful usmca. we want to thank canada also. i spoke with and will be speaking to the prime minister in a little while. while nafta slashed wages and eliminated jobs, the usmca includes ground-breaking labor protections for workers in both nations. this landmark agreement will bring countless jobs from overseas back to north america and our countries will be very big bischoeneficiaries. it's the largest, fairest trade deal ever reached by any country and it will bring enormous prosperity to both american and mexican workers and canada. we want to thank everybody. we will have a separate day with canada. they are coming down at the appropriate time. but we want to congratulate

canada, the people of canada, the prime minister. but this has been a tremendous achievement. it's actually the largest trade deal ever made. we made a big one with china, too, but this is the largest trade deal ever made. our two governments are also in close cooperation to stop the illicit cross-border flow of drugs and guns, cash and contraband and very importantly, stopping human trafficking. we are forging critical partnerships across the western hemisphere to combat the cartels and smugglers and to ensure safe, humane and lawful migration and we have been helped greatly by mexico on creating record numbers in a positive sense on our southern border. been really very very tight and done a great job and i want to thank the secretary who's here. you are here some place. where is chad? what a good job you're doing, chad. great job. we're proud of you and you work very closely with mexico.

i know you were just telling me what a great he will they' have. thank you very much. we have also worked closely in the battle against coronavirus together, saving countless thousands of lives. it's been my honor to help mexico procure 600 ventilators and it's going to be a higher number than that. they needed them very badly and we were able to make them. we are making thousands a week. we are helping a lot of countries but one of the first and maybe the first that i spoke to was mexico. they have a lot of them in mexico, saving a lot of lives. and mr. president, we are in this fight together and we are doing very well. it's just a couple of things on that. proud to further announce the u.s. is by far number one in testing, number one in the world in testing and that the mortality rate is the lowest or just about the lowest in any nation anywhere in the world and we are safely reopening our country and very importantly, we are safely reopening our schools. we want the schools to be open

and going in the fall, and most of them i think are looking at it that way. it's very important. we are finding out that learning by computer is not as good as learning in the classroom or learning on the campus and i think you are finding that, too. we want to learn in the classroom so our schools, we want them open in the fall. following president lopez obrador's remarks, we will sign a joint declaration committing ourselves to a shared future of prosperity, security and harmony. this is truly a proud moment in history for both of our nations. mexico and the united states. with this signing, we pledge the close and continued friendship between the united states and mexico and we accelerate our progress toward an even greater tomorrow. that's what's happening. a greater, maybe even a far greater tomorrow. with a prospering region, flourishing hemisphere and two

sovereign nations thriving, growing and excelling side by side working together. that's what we've been doing. mr. president, we look forward to hosting you for a beautiful dinner later on this evening with some of your friends from mexico and some of our great friends from the u.s., and it's an honor to have you with us. please, we would love to have you say a few words. thank you. thank you very much. [ applause ] liz: president donald trump, welcoming president obrador of mexico in an effort to really link hands post the signing of the usmca trade deal. couple of issues. the president obviously very happy about this, taking a victory lap on it. you know, the question becomes how dramatically will it shift supply chains away from china and keep it within the north american continent. you know, you can bet that even though it's probably the middle of the night in china, they are watching this very closely and

of course, as they become more aggressive in bringing the hammer down in hong kong, the united states does well to strengthen the bonds between canada and mexico as well. so we are watching all of this. they are expected to not take questions, but if they do, we will go back to it and we will let you see and hear what's happening there. in the meantime, we've got the closing bell ringing in seven minutes. the nasdaq is about to ring up its fourth record close out of the last five sessions. 25th of 2020. big numbers here for record highs for the nasdaq. we are up 129 points. we just needed to be up 89 points for the big record moment to happen. we should talk about walmart is deeply impacted by all trade issues no matter what country. walmart looks to bring to amazon's doorstep, bring the fight right there, launching its own subscription service called walmart plus. jeff flock live at the future home of a amazon store in schaumburg, illinois, with more

details what is really going to being a knock-down-drag-out fat, i would imagine, jeff? reporter: guys at walmart say, hey, you amazon, you started this. look at this. this amazon grocery store will open here in the next two months made of brick-and-mortar. they're getting into the business of the king of bricks and mortar. which would be the folks at walmart. walmart says we'll get in your space. how about walmart plus? yeah, it is something like amazon prime. take a look what they're offering, liz. it is $98. it is cheaper than prime. you get same day delivery with amazon prime but you get cheaper gas because walmart has all the stores where you get gas, you can get a discount. no video, that is something amazon prime offers for $119 amont. they have already a 150 million members. they have express delivery as well as amazon prime video.

walmart is in a good position. they have had a great month for e-sales. up 74% in the month of may for online sales. if you look at the online marketplace, who is the king? by far it is amazon. 39% of online sales done through amazon. just 5% by walmart. those are the top two in the market. stores, though, bricks and mortar, i thought amazon had a lot of stores at 500 plus, i was surprised at that number. will mart has 4753 stores in the u.s. alone. when it comes to market cap, folks at amazon can say mine is bigger than yours. $1.5 trillion market cap for amazon compared to a paltry 356 billion for the folks at walmart. i was looking up, what is after trillion? it is quadrillion. then there is quinn trillion. then eventually sextillion.

i stopped after that. you want to stay ahead of these things. liz: there is gazillion. that is not official? that's not real? okay. reporter: bajillion, i know that is a big one, a big number. liz: what my daughter says, yes. bajillion. a lot of parents let their kids do x, whatever it may be. thank you very much, jeff flock. it seems weird we would bring up vaping right now but remember what a hot controversy vaping was in it kind of went up in a puff of smoke as the coronavirus pandemic took center stage but our next guest says wait a minute, wait a minute, he is bullish on the out look for cigarette maker altria, which has a business in vaping. there is market for all the nicotine products and you should consider it as a stock.

dan genter join us now. i'm curious about philip morris, altria and your perspective on that. and we're about to see the 23rd record high for the nasdaq. but first, altria, what is your case? >> it is a basic fundamental sin stock and it is not going away. it is in no threat of being legislated out of existence. they may slow some of the new products coming out but there will continue to be a demand for it. you're in a situation with a stock amazing you pay 8 1/2% in dividend while you wait. that is too high to ignore you can lock in 8 1/2 return trading at nine pull medical. cigarette consumption, whether we like it or not, it will continue to grow worldwide and they will do a very strong job in vapor, in e-cigarettes. most people don't realize 10 to

15% of their income now comes from another scenario, beer and wine business and that's growing. they will be in a very significant player in the cannabis market going forward. vapeing, edibles, something people smoke in the future, they will get to be a part of it and you get paid a lot of money to wait while it happens. liz: i look at that. bank of america, omnicom. you look at lower right-hand side of the screen, nasdaq continues to climb blasting through ceiling after ceiling. today alone up 143 points to that record. would you take profits in tech at this moment if you were in it? >> well, liz, we are. we're taking some money off the table. we reduced technology position over 14%. we brought it down to 10. taking profits there and health care. not that it will not continue to grow in our opinion. it is probably priced to

perfection right now. as you just alluded to, growth stocks, russell 1,000 growth is up 14%. the value down 17. 31% spread. bigger than even in the tech bubble in '99. liz: all right. we've got to run. [closing bell rings] that will do it for us. this is a record for the nasdaq. connell: new high once again on wall street. how about that nasdaq? the dow also gaining momentum in the final hour of trade. president trump has been meeting with the mexican president at the white house. we'll cover it all for you. good to be with you, i'm connell mcshane. jackie: i'm jackie deangelis in for melissa francis today. this is "after the bell." a volatile day for stocks but major of aing as ending in the green. it is the 25th record close for the nasdaq this year. apple, amazon, netflix all hitting new highs today. fox business team coverage. hillary vaughn in washington but first we start with edward