mahoney. we couldn't get his shot up. nevertheless, it was a great show, scott taking us out. we are near the highs of the session as i hand it over to my colleague liz claman, take us up another couple hundred points before the weekend. liz: i got your back. don't worry about it. charles: thanks a lot. liz: especially on a friday; right? nice to see a 306 point gain. charles: there you go. liz: folks, we have a developing story starting to break over the past hour, could the clock be ticking on the wildly popular tik-tok app? within the last hour amazon has ordered all employees to delete this popular short video app from their work phones and laptops. what's really behind the ban? and could amazon's move embolden the trump administration to blacklist this chinese-owned company? state department undersecretary for economic growth and energy in the environment is here to talk about the sudden focus on tik-tok and why the administration sees the

seemingly inknockous app as the latest threat to america's security. speaking of bans, when apple ejected a small e-mail service app a couple of weeks ago, the man behind that app launched a david versus goliath battle with the silicon valley behemoth and lived to tell. the co founder and ceo of an e-mail parent base camp is here in a fox business exclusive in why this fight with apple may be far from over. markets looking to close out their second straight week propelled by a major positive development on the vaccine front. the dow popping back above 26,000. and right now we're slightly below it at the moment, but we're still up 273 points. the s&p up 21. and the nasdaq is heading for its third record close in a row, but the high spirits could change come next week if second quarter earnings season gets hit

with the ugly stick. a stop economist is here to tell us how -- a top economist is here to tell us how it is going to play out and you can avoid getting bruised. a massive storm is bearing down on the east coast as we speak. less than an hour to the closing bell on this friday, let's start "the claman countdown". breaking news, looking at a live radar picture of tropical storm fay, hurdling towards new jersey, packing sustained winds of 60 miles-per-hour. now, forecasts are calling for 2 to 4 inches of rain with the possibility of flash flooding. looking pretty monstrous right now. landfall expected somewhere over new jersey tonight as fay currently soaks the mid hasn't region -- mid-atlantic region, but the storm is expected to kind of simmer down by saturday as it tracks through new

england. storm stocks from home depot to lowe's are moving higher. we have a bright splash of hope that's powering wall street just as new coronavirus cases in the u.s. hit another single day record yesterday, gilead is sweeping in with some very promising news. the biotech giant is up 2 1/3%. the stock at $76.48 right now, just as it says its anti-viral treatment remdesivir reduced deaths in patients with severe covid-19 by 62%. very good news indeed. let's get to carnival shares. oddly carnival shares are jumping at this hour despite the company's loss of $6.0 # 7 -- $6.07 a share in second quarter. that stock is up right now. ceo donald told countdown weeks ago that he planned to resume

sailings out of germany in early august. that's still the plan. that stock is popping. royal caribbean is jumping 7 1/4% after it has bought the remaining one third in ultra lux cruise line sill ser seas that it -- silver seas that it didn't already own. a japanese electronics firm is investing in a u.s. game make we are a chinese investor. -- game maker with a chinese investor. sony pouring into fortnite creator epic game, 1.4% stake in epic, who owns epic? ten cent, china's ten cent is the biggest epic investor back in 2012, ten cent bought it at -- bought a 48% stake. ten cent may be down, but it's $70.18, it is just below its all-time high. we have breaking news coming out of silicon valley. amazon ceo bezos ordering all

employees to remove tik-tok from any device that has access to company e-mails. amazon is citing security risks for this ordered removal. tik-tok quickly responding saying it doesn't understand the company's concern. this comes as the trump administration has said it is considering banning chinese social media apps including the very popular video platform. if you've got teenagers, who have been quarantining at home, i guarantee you they have been on tik-tok. here's the concern: these kids and everybody else who uses tik-tok sharing user data and apparently the belief is that the chinese government can dip in and see what's going on, and that is a worry clearly shared by jeff bezos. this after users including my kids, basically my daughter, my son's like i'm not interested, but were set into a frenzy yesterday when video views and all counts -- these are like followers vanished.

tik-tok acknowledged it was a glitch, simply an error on their end and that it hasn't been banned at the moment, but let's get now to a trump administration official who would know a lot about what may happen. a fox business exclusive with one of the top experts in the world in chinese intelligence, u.s. undersecretary of state for economic growth and energy and environment keith crock. you're also a tech ceo from silicon valley, having run docu sign and founding a whole bunch of other companies. good to have you, sir. first, is the trump administration gearing up to ban tik-tok here in the united states? >> first of all, liz, it is great to be back on your show. i appreciate it. you know, with respect to tik-tok, i want to put it in a broader context, and that is we've been engaged in a constant evaluation about ensuring that we protect the privacy of american citizens and their information. this is part of the clean network program we have in 5g,

the clean path program, with regard to incoming traffic. clean apps which tik-tok would fall under, clean data centers, clean cloud, clean carriers, so it doesn't just relate to one company. we've got to get it right, liz, and this is not to be taken lightly because when you look at these apps, you look at the backbone of 5g, it is laying the groundwork for the communist party surveillance state. these apps are an appendage to that, and it's a way for china actually to extend their great china firewall, so it is a threat to national security. liz: okay. let me just be clear. because it is part of this clean app requirement that the united states already has, is it fair then to say that it as in tik-tok is perceived by the administration as a national

security threat? i know you just said that, but i'm trying to make sure we're clear on this. >> yeah, we're evaluating that very carefully right now. it would be premature for me to say anything until there's anything official, but i can clearly say that we're evaluating all those kind of apps with regard -- you know, you talk about chat or alibaba's browser. you saw india ban 59 apps for their national security purposes. we're looking at it right now. liz: all right. we have chinese stocks all moving down. i point that out simply because we're a business network. we have an investor audience, but that said, and my last question on tik-tok is i want to talk about huawei and other issues that you are focusing on. some might say if the trump administration were to ban tik-tok it would be in retaliation for what a lot of teenagers who use tik-tok claim

sent that they were able to sort of sabotage the president's rally back in tulsa a few weeks ago by ordering up a bunch of tickets and then not showing up, hence there were empty seats. would it be in any way shape or form retaliation for that? >> absolutely not, not in any way shape or form. i have children. you know, i want to make sure their privacy is protected. i have five children, as you know, liz, and it has nothing whatsoever to do with that. liz: you got me beat there. i've got two, but we've talked about our teenagers. it's a little bit of a challenge no matter what they are doing on-li on-line. let me get to huawei. where do we stand on that? we know that the united states and the u.k. have not exactly seen eye-to-eye on this, but now u.k. phone carriers say they could face mobile blackouts if they were to strip all of huawei's equipment from their 5g networks. what do you say to the united kingdom with whom we have a very strong relationship if they're concerned that they don't want

to see blackouts there? what's the answer? >> well, by the way, i think they're re-evaluating it right now. i think the foreign secretary put it really -- i think he hit the nail on the head when he talked about referring to the global pandemic, referring to them breaking the agreement that they had with china on hong kong, he said, it all comes down to trust. how can you trust somebody that breaks these agreements? i think the u.k. is aware of huawei's is an extension of the chinese communist party and their surveillance state. so i think they understand. it boils down to one thing, who do you trust? and do you trust a company that m cos from a country that -- a

company that comes from a country that has a national intelligence act that requires any company state-owned or otherwise or any citizen to turn over any information proprietary technology or data upon request to the chinese communist party or suffer the consequences? liz: i remember nick christof spoke years ago china wakes and boy have they woken up, and while they look capitalistic in certain ways, they are still an authoritarian regime which leads me to the sanctions that the trump administration has just handed down to certain individuals in the chinese government. a top secretary in a bureau has been sanctioned, and now the chinese are saying they will retaliate against the u.s. sanction. how tightly will the trump administration hold to this because there are a lot of human rights abuses going on, and that is specifically what the administration has cited in these sanctions. >> well, we will hold very tight to this.

and, you know, we -- secretary pompeo gave a business advisory for businesses that are in some way shape or form the supply chain touched -- [inaudible]. this is probably the worst human rights abuses since world war ii. you know, now we have discovered forced sterilization, forced abortion, slave labor, torture, and this is 2 million uighurs and other muslim minority groups, and so i think this shows the level of seriousness that the trump administration looks on this abuse of mass proportions on human rights, and as you know, liz, i sent a letter to every ceo in the

united states, every board member, recommending that they analyze their supply chains, number one. number two, look at these companies, these chinese companies because they're also exploiting the slave labor throughout china, and many companies are using it, and recommending to their board of directors if they haven't already to establish a set of governance principles that have to do with human rights and also for the financial institutions if they are involved in human rights divest, and as a matter of fact, as you know, that these chinese companies don't have to do sarbanes-oxley which as a former ceo who has taken three companies public, that kind of makes me bad, but it is not about me personally. liz: got ya. >> it is about the american investors and about american

businesses because it tips the favor in terms of the chinese companies. liz: of course. >> at a bare minimum, emerging index funds, pension funds, endowment funds, they should really disclose what are the chinese companies that they are invested in either directly or indirectly. i think that transparency is key, liz. liz: okay. well, i think it's been a horrific abuse, human rights abuse going on, with the uighurs, and we'll be watching all of this closely. people can vote with their pocketbook and their investments. keith krach, always a pleasure to have you, undersecretary of state, so grateful that you come on and talk about tik-tok; right? we're two old people talking about the hot story here, amazon banning tik-tok, thank you very much. we have the closing bell ringing in about 45 minutes. the dow is holding on to triple digit gains here, 332 points to the upside.

the airlines, united and american adding to today's rally, after united announced an agreement on voluntary furloughs and early retirement packages with its pilot union and american reportedly might have to cancel some 737 max jet owners because boeing can't find financing. united airlines and american airlines both moving higher. ual up 8%. american better by 5.5%. up next big banks are set to kick off the covid quarter earnings season officially next week. one of the top economists in the world here to tell us if markets could be set up for an unhappy surprise. a chief economic advisor with the friday countdown interview next. you can't miss it. just over a year ago, i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt.

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liz: just when we finished up first quarter earnings, now second quarter earnings season, it begins next week with all of the names often mentioned during this pandemic, health care, travel stocks, the streamers, the ppe companies, the lenders, all of them are reporting. in fact, our calendar is not big enough. delta, united health, netflix, many of the big name banks, jpmorgan just to name a few.

profits are expected. i'm telling you, don't be surprised, to plunge 43% in this second quarter report. revenues expected to fall 11.8%. but should you just throw that baby out with the bath water? let's bring in wall street's most closely followed economist, the chief economic advisor. we know this is going to be one ugly earnings season; right, mohammed? so therefore should we just 10 miles down the road versus 10 inches in front of us? >> i think overall, liz, and thank you for having me again on your show. overall that is what the market will do. it will look through the data, viewing it as temporary and largely reversible. having said that, within the different sectors, there's going to be a lot of interest in how each company's navigating what is a very tough environment out

there. liz: well, how much should investors value a really ugly number that comes out of a big company that they may own or even a small one? >> i think they are going to look at how the competitors did, how did it do in relative terms, that's first. secondly they are going to look at the components. let's take banks for example. we know depending on your composition of business, you either have a tail wind or a headwind. if you are heavily in lending, if you're in the card business, that's a headwind. but if you're in the market business and the mortgage business, you have a tail wind. so people will be either looking at the details to understand how individual companies are navigating both the risks and the opportunities. liz: it's been an unbelievable second quarter. i mean, you just look at the s&p, for example, and over the quarter, it finished up 515 points.

i mean, the nasdaq was a winner here, up 31%. dow wasn't a slouch, up 18%. we're watching the bulls drive this market higher and higher. you know, if they overlook disappointing earnings, what's wrong with that? >> so i could take an example of tesla, up 55% in the last two trade weeks. what you are getting is basically technicals. [inaudible] -- push them higher and higher regardless of valuation, regardless of the underlying fundamentals and regardless of more uncertainty about the policy environment. this has been about technicals. you and i have talked about it. this market has benefitted from enormously strong technicals, and that's what's pushing us higher. it is about liquidity more than anything else. liz: well, one technical, it's called the golden cross, i want

people to understand this because it's always good to learn about these things, but the golden cross is a bullish sort of breakout pattern that in essence is backed by heavier volume. are you seeing that? and should this be yet another signal to keep buying because, you know, any bad headline that comes out may very well rock these markets. we have already seen that even a couple of times during the second quarter, but then there's a recovery. look at today up 346 points for the dow right now. >> and we have, you hear these two phrases: there is a fear of missing out. every time this market has been hit, it has bounced back. even though the underlying reasons why -- [inaudible]. the second one is -- i was talking to a friend today who i really respect and he said i'm really uncomfortable about the market but there is no alternative. where do you want me to go? i don't get paid anywhere else. those two things have driven it

higher. we just need to avoid a shock, because if there is a big shock to this market, the down side could be considerable. liz: mohammed, i hope you have a very relaxing weekend out there on the west coast because right now we're getting pummelled with torrential rains, typical; right? thank you so much. [laughter] >> thank you, liz. liz: good to see you. mohammed, any time. the closing bell is ringing. folks, we've got 36 minutes to either add on to a 351 point gain here on the dow or somehow ruin it, back above 26,000 at this moment. the tim cook regime taking a page out of the steve jobs play book. according to tech website the information, apple reportedly reaching a new stage in the development of augmented reality products, namely glasses and contact lenses. the information says it is

working with fox com on producing semitransparent lenses that would be part of the gadgets. they are likely two years away. the silicon valley giant has also thrown its weight around with one app developer looking to unspam your mailbox. we introduce you to the real david in the david versus goliath tech battle. the co founder and ceo is here to tell us how the e-mail fires a winning stone from its digital slingshot. he's next on "the claman countdown". 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: a new report reveals fedex sent a private let tore the washington redskins saying it will remove all its stadium branding and signage unless the football team changes its name. fedex signed a 27-year 205 million dollars naming rights deal with the redskins back in

1999 to assume the banner of their stadium. it is called fedex field right now. sources say this letter sent july 2nd threatens to pull that fedex branding after the 2020 nfl season, six years before the deal's expiration. fedex claiming the team's name poses risks of harming the fedex brand, reputation. nfl commissioner goodell and several other major team sponsors have expressed support for a name change. and the redskins say that possibility is under, quote, thorough review. fedex moving higher by 1.7%. i want to get to gerri willis for the fox business brief. you have a bunch of news. >> i sure do. you know, troubled retailer express, those shares popping today after the company announced higher same-store sales and traffic, improved now 95% of its stores reopened. same-store sales improving to negative 15% from negative 50%. in early may shares down 69%,

but today up 2%. netflix also rallying after getting a strong bull call from goldman sachs. big banks expect netflix will post blowout subscriber numbers of 12.5 million for the second quarter. goldman giving new street high price target of $670, a 30% upside potential. shares popping 8% hitting new high. but citi issuing a warning on -- a plant based burger company to sell from neutral. the citi analyst saying plant based meats could be a fad and seeing margin pressure due to high operating costs. beyond down nearly 5%. up next the app developer that's beating apple. stay with "the claman countdown". bounce back. but what if you could do better than that?

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and i'm an area manager here at amazon. when you walk into an amazon fulfillment center, it's like walking into the chocolate factory and you won a golden ticket. it's an amazing feeling. my three-year-old, when we get a box delivered, he gets excited. he screams, "mommy's work!" when the pandemic started, we started shipping out all the safety stuff that would keep the associates safe to all the other amazons. all of these are face masks, we've sent well over 10 million gloves. and this may look like a bottle of vodka. when we first got these, we were like whoa! [laughing] with this pandemic, safety is even more important because they're going home to babies, they're going home to grandparents. so, our responsibility is to make sure that they go home safe every single day.

liz: breaking news, just moments ago, president trump boarded air force one at the miami international airport. here's what he's going to do: he's heading to florida where he will have a fundraiser tonight at a private home. reports say the cost of meeting the president for this one is more than $580,000 per couple. the identity of the host of the event is still unknown. we're working on it. we're always working on that. all right, quick check, dow is up 378 points. there's this breaking news, we were just talking about tesla making a huge jump over this week alone. well, now tesla has burst above the $1500 level for the first time ever. it is now trading at $1,536 a share. what does that really mean? let me put this into perspective. shares are up 266% so far this year. and 484% over the last 52 weeks.

big move for tesla. it's 143 bucks up today. all right, not many tech leaders call apple gangsters and then live to tell about it, but the makers of an e-mail app called hey made the accusation after the tech titan refused to allow hey on its app store. apple said it was because it didn't pass their app store rules, but hey says it is because apple demands a 30% cut of its annual $99 subscription fee which hey simply said we're not doing. we're refusing. apple ultimately back down and approved the software update, but this story is far from over. joining me now is the david in this david and goliath story. base camp co founder and chief technology officer david hansson. you just happened to be named david as well. it is great to have you. i'm dying to know, what's life been like since you publicly pushed back a few weeks ago on apple's 30% cut of app fees and

that's something developers for years have been complaining about, but stay quiet because they probably figured you just can't fight them? >> they figured out in most cases. apple is a goliath that will squash anyone who stands up against them. as you said, very few companies have lived to tell the tale when they have spoken out against apple. the first two weeks after we launched our brand new service which he had been working on for two years was absolutely crazy. i mean, we just launched the service on a monday, after having our app initially approved just that friday before, and then that very same monday, apple showed up with their demand and said give us 30% of revenues or we're going to kick you out of the app store. so we spent the next two weeks trying to fight for our right to exist essentially, and finally was able to get apple to back down from the claim of handing over the 30% after they faced a

torrid of bad threats, developers finally piping up to some extent and then of course also the regulatory scrutiny, i think the fact that they have chose to try to shake us down on the very week that the eu announced two new investigations into apple for their app store monopoly abuses and for their payment processing abuses, was not insignificant. neither was the fact that tim cook is about to appear before a congressional hearing on the antitrust matter alongside google and facebook and amazon, the very same series of hearings that i testified in front of in january before we even had any direct issues with apple. so it was a wild two weeks. liz: right. but 50 employees, you're a relatively small company, when it comes to hey, but you put out on twitter during this drama which was really only 20 days ago, quote, i will burn this

house down, meaning your own company, i will burn this house down myself before i let gangsters like that spin it for spoils. very dramatic, profoundly, abusively and unfair, you went on and it got a ton of attention. you ultimately won that part of the battle. let me play devil's advocate. some might say you want to park in a very exclusive lot for free. apple would say, you know, by parking your app in our store, millions of iphone users can see you. is that not worth paying for? >> no, first of all, because you have to look at the big picture here, which is that apple has the only lot in the whole world when it comes to these kinds of services and devices. apple has a monopoly, and when you have a monopoly, the normal rules do not apply. between google and apple, you have about 100% of the market of smart phone users in north america, and if you look at the kind of smart phone users who

would pay $99 a year for an e-mail service, apple has about 80 or 90 percent of that. so when you have a monopoly, you can't just refuse service. it's like it was with the railroads. if you own a railroad monopoly, you can't just say well, you can just pack a mule or get some pigeons to carry your goods. no. the u.s. has a lot of relations and laws specifically governing monopolies. you have to play by those rules. this is exactly the inquiry that is going on in congress right now with the antitrust committee, looking into those abuses. so we don't even need apple's help. we simply want to distribute our software to iphone users. we don't need apple's marketing help. we don't need them to feature us in the app store. if there was a way to distribute our software directly to the iphone, without going through the app store, we would do that. that's exactly what we do on the -- [inaudible]. liz: before we go, since you

fought back publicly, have you seen any kind of retaliation, whether it's subtle or obvious by apple or even a third party? anything? >> i think apple has realized now that the spotlight is on them. you would have thought they would have realized that when i testified in front of congress in january, and the congress people on the record tells me hey, if you face any retaliation for your testimony in front of the congress, from apple, or any of the other companies you're testifying against, please let us know. well, apple showed up with that demand letter, and i was invited to do -- i led the antitrust subcommittee -- i let the antitrust subcommittee know about this. i'm sure this will be part of the hearing that tim cook will be facing later this month. liz: all right. we will be back later this month because we are following the story very closely. we did put out a call to apple. we are still waiting for a response. but david, thank you very much, and check under your car when you go -- kidding!

david hansson, thank you very much. he runs base camp which is the parent of hey e-mail. closing bell, ringing in 18 minutes. dow is still holding on to 327 points of gains and is at 26,032. with the extra $600 in unemployment benefits ending by the close of july, discussions towards the next phase of stimulus checks is ongoing. what can we expect this time around for the 32 million people without jobs right now? charlie breaks it next. as we head into the weekend, i know you can carve out some time for something that will possibly change your life and your path to success. my everyone talks to liz podcast, former cisco chairman and ceo john chambers, find out how he began with a learning disability, fought his way all the way through with start-ups. he worked at ibm, and then he ends up running the biggest,

baddest company, at least one of them in silicon valley for many many years, successfully tackling everything from financial downturns to pandemics, yes, another obstacle. this story and more, available on spotify, apple, google, fox news podcast.com. subscribe and let me know what you think. we're coming right back. come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪

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liz: we want to take you outside to 6th avenue where you can see the tropical storm fay is lashing parts of new york city already with massive bands of rain, 2 to 4 inches are expected and sustained winds of 60 miles-per-hour. listen, on any given day, during covid, we haven't seen a lot of cars there, but you don't see any pedestrians at the moment. this storm is pretty

significant. beaches are closing up and down the eastern seaboard, and president trump has postponed his saturday rally in new hampshire, as the storm churning its way towards new york city. all right. we are ten days away from what treasury secretary mnuchin and president trump has said they would really hope to see and that is the next phase of stimulus checks. discussion ongoing with legislators on both sides of the aisle, trying to iron out details of what phase four of coronavirus aid would look like. charlie gasparino with more. as we know, the end of july, the extra money that's going to unemployment benefits is going to disappear. >> right. and there's a lot of -- a lot of movement to make this happen, despite -- you see a lot of posturing right now between pelosi, mcconnell, the house speaker and the senate majority leader both from different parties both wanting different things. a lot of posturing. i want to go to these headlines quick. i have some breaking news on

tik-tok which i want to share with you. i know you had a guest at the top of the hour. here's the interesting thing, mcconnell in particular is facing a lot of pressure from vulnerable g.o.p. members of his own caucus. you can look at the map, and there are plenty of g.o.p. senators up for reelection who don't look like they are doing too well right now, and the senate could fall into democratic hands, particularly if joe biden persist as he is in the polling ahead of donald trump. you could have a democratic sweep, so you have vulnerable g.o.p. senators basically asking mcconnell to do something before the end of the year. it looks like despite the posturing at least my sources who deal with both sides of the aisle, speaking with these people, saying there's going to be a compromise. there will be a phaseout of that additional federal unemployment aid, $600 on top of federal unemployment insurance.

that's where they see the compromise going, going from 6 to 3, phasing out over time. while it is still going to happen, it will be phased out. also a lot of talk from republicans again they want liability insurance -- excuse me, they want liability lifted for businesses reopening amid covid-19, so you don't get sued by class action lawyers. there's going to be state aid involved. there will probably be some strings attached in terms you can't use the state aid for the pension deficit. there's room for compromise. pelosi gets some checked but phased out. liability waivers on the republican side. you can see where this thing is going. i want to talk about tik-tok. i didn't know what tik-tok was until there's that woman that does that funny imitation of trump, and now -- liz: we're old. >> we're old. but my niece who is 11 years old

uses it a lot apparently or has been using it. and it's a big thing. it is also a lot of people think it's a way for the chinese to back door spy on us. here's what we know, again, president trump has said he's looking at possibly banning them. how do you prevent them from being able to be downloaded? you know, we live in a free and open society. from what i understand, this is what the white house is indicating to my sources, and my sources are lobbyists who deal with the white house on a regular basis, they are indicating looking to ban tik-tok by using a committee on foreign investment -- liz: tik-tok. >> tick tack, that's my age showing right there. [laughter] >> they are looking to use it as a way to try to ban this. how do you do this? it is essentially created through some company which i just found out is musically. it was an american company. liz: musically was founded by a guy and then a company out of

china called byte dance owned it, bought it. >> but it is a u.s. company that escaped the -- this is what they are talking is using it to retroactively say that deal in 2018 which basically created the modern tik-tok is illegal. that plus some court orders. it's very interesting. usually cfius rules at the moment. remember scaramucci was trying to sell his fund to funds to a chinese company; right? cfius stepped in and said no essentially. i haven't heard of them retroactively saying a deal is illegal. i don't know how you unwind it. you don't unwind it, but if you make it illegal, then i guess i can't download it. apple would essentially be allowing an illegal company to operate. that plus --

liz: undersecretary of state keith krach who was just here, i asked him, is this in retaliation if the trump administration were to ban tik-tok, would it be in retaliation for the claim by tik-tokers who say they were able to sabotage the trump sul that rally a couple -- trump tulsa rally a couple weeks ago by ordering a bunch of tickets and not showing up. he said no, absolutely not. >> i would not indulge that sort of conspiracy theory. i really think there is in the trump administration, you know, this has been going on for four years. they worry about the chinese getting any leg up, and apparently this tik-tok is a way to get into all our heads and to basically get data from u.s. citizens. by the way -- liz: charlie, thank you very much. we're up about 400 points on the dow and coming right back. in your customized view of the market.

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for all three embassies for the week, the nasdaq is about to launch the third straight record close 27th of the year, what a week it's been, let's bring in the countdown closer randy anderson with griffin capital asset management, 17 billion in assets under management. what are you seeing right now. >> i'm glad to be with you, back in january the s&p 500 with 30 trading high multiples, you go through a pandemic and were almost right back to where we started, from my point of view i look at and say there's a lot of technicals going on and a lot of money moving into the equity market, i don't think the values make a lot of sense, when you look at this level returns for the next five years are pretty challenging, if you go to the aggie bond, yield i think it will be hard to look at 60 portfolio the next 45 years. you have to look other places for returns because at some point the economy doesn't make

sense. liz: you're looking at multifamily industrials and like science with real estate investment trucks, we like the dividends on those but you expect this rally continues and dividends don't get caught any further than they already have? >> we sell balance sheets, a lot are in good shape with only 30% leverage, the funny thing is everything is looking at the headlines, people will pay the rent everybody will work from an office, everybody throws real estate out, look at recollection instability, look at recollection, multi-families around 93% last month and the industrial almost 92, offices at 92, there collecting the runs and doing well but the bad headlines in terms of retail going out of business or everybody will work from home forever has not allowed down 20% per year to date with a lot of values there with the earnings

season. liz: it is great to have you here, you can come clean my desk anytime because i swear you have the cleanest desk ever. we have queued up the confetti for the nasdaq, it's third record close and him row, the dow of 381. have a great weekend. connell: this is what we call a three-piece, a third straight record close for the nasdaq in stocks overall jumping today, positive results coming in from gilead sciences, revealing does appear reduces the risk of death and severe covid-19 patients. we will talk about all of that on a friday. i am connell mcshane. jackie: i'm jackie deangelis and for melissa francis. this is "after the bell", happy friday indeed, the dow strong for permits pushing the index into positive territory for the week, the major averages in the green for a second week in a row, fox business team