footprint by 1,000 square feet. that's really where many retailers, nordstrom, nike, lululemon, that's where they are moving to. charles: that's right. all right. thank you very much. always appreciate your expertise. you know, as i hand it over to my colleague liz claman, i want to point out we are near the highs of the session. it feels a lot different than it did 24 hours ago. liz: right? 24 hours ago, we had a pandemic frightfest. wasn't that crazy? in the last hour of trade, everybody flipped out. it was like they were watching some horrific movie, right? the dow now enjoying a rom-com with the bulls, up 444 points. that's a swing from trough to peak of 500 points and the nasdaq which woke up kind of cranky is now higher by a pretty decent 24 points. i say decent because it had been down 200. why? well, there is news that many of the nasdaq semiconductor and

tech names may be beneficiaries of a decision the united kingdom has made when it comes to huawei and 5g. but wait a minute. the big banks did send up some warning flares in their quarterly reports on this first day of second quarter earnings season. why are the biggest names in finance fast inflating their rainy day funds? what do they see that you might not? our floor show traders are on it. they will shine a light on it and explain. just as tesla's stock bubbles even higher, here comes a potential pin to pop it. fisk fisker's uber cool all electric ocean suv with its 300 mile range, karaoke and california mode features is ready to open the reservation lines. founder, chairman and ceo lhenrk fisker is here on his unique route to the new york stock exchange, taking on elon musk and yes, he will explain what california mode is. pretty cool.

from california all the way to a tiny private island on the east coast where the wealthy elite are ready to pay a pretty penny to escape from the crowds and the coronavirus. we are about to take you to house island, maine, where its owners will tell you how he turned lemons into lemonade in a real estate deal that could have quickly turned sour when the outbreak first hit. plus, why would the woman at the center of the jeffrey epstein sexual abuse case wrap her cell phone in tin foil? we will take you to ghislaine maxwell's bail hearing in new york. a trojan horse stock, plus charlie breaks it on tik tok's future. less than an hour to the closing bell, let's start "the claman countdown." liz: we have this breaking news. a federal judge in new york has just rejected a proposed $19

million settlement between former movie mogul harvey weinstein and the women who have accused him of sexual abuse and harassment. the judge questioned the overall fairness of the agreement and whether the women constitute a legal class for class action. this deal was already under scrutiny because it did not require weinstein, who is now serving a multi-year prison sentence, to admit any wrongdoing. all right. check the dow, up 441 points. we've got to get to our pop stocks. noti nokia and erikkson climbing more than 2%. that's wrong. you are looking at the nasdaq which is flat for the moment and the netflix stock which is down. we will get to that in a second. why are nokia and erikkson moving higher? the boris bump. uk prime minister boris johnson ordering the country's telecom infrastructure to purge all huawei equipment completely by 2027. the prime minister siding with president trump by eliminating

the chinese 5g giant's equipment from the country's infrastructure. it comes after a decision back in january that would have allowed huawei to supply up to 35% of the non-core 5g network. as we look at these rivals, you have nokia out of finland, better by 2.6%, and ericsson moving up 2.2%. decent moves here for two names that have been around for a long time that are front and center when it comes to possibly benefiting from this new move out of the uk. not all is well in the land of nasdaq, even as it climbs higher into the green. we have netflix moving lower after ubs downgraded the streaming giant ahead of earnings which come out thursday. yes, ubs does predict a very strong quarter for netflix on huge stay-at-home audience growth, but says investors have already kind of priced that in. netflix down 1.7%. nasdaq just turned negative, slightly. can we call it flat? even though red's on the screen?

i'm calling it flat. hanes brands among the gainers in the s&p 500 in this final hour after credit suisse upgraded the underwear name during the pandemic, saying that hanes was able to pull itself up by the stocks way better than its peers did partly because 50% of the company's store distribution channel was still open during the quarantine, so it was able to make masks. guess what? those little masks, they made $300 million for the company. nice move there. we do have hanes up 9.4%. to bed, bath & beyond. looking at shares after the home accessories retailer reported positive same store sales in june. thanks to reopened stores and digital channels. beyond that, the company says it could get up to $450 million in asset sales. that's good enough for a 9.5% jump. bbby. to earnings season. i just mentioned the banks at the top of the program. kicking off three major banks this morning, jpmorgan, citi and

wells fargo. jpmorgan up half a percent, citi and wells down. wasn't the prettiest of earnings picture. look, they were in most cases making money. wells missed, but none of the banks issued a very rosy outlook, either. there was something a little more troubling. the three big banks set aside a total of $28 billion to cover coronavirus loan losses with jpmorgan setting aside the largest amount, $10.47 billion. wells putting aside $9.57 billion. bringing up the rear, citi, putting together $7.9 billion, worried about loan losses. are their concerns justified? according to the s&p and experian, loan defaults in may came in at .78% which actually is down year over year. 2019, we got a reading of .83%. but let's look at forbearance rates.

forbearance specifically means now you got people who are having trouble making their loan payments. haven't defaulted yet. as of july 10th, roughly 7.8% of all active mortgages were in forbearance, representing about 4.1 million loans. that is down 8.6% from the previous week but still a worrisome number here. what does it all mean for the remainder of 2020? and people's investments? let's bring in our floor show traders. john and phil. okay, john, what are the bank earnings signaling to you and what should investors take away from this? >> so these are some of the worst sectors, financials, energy, industrials. financials, though, have to participate in a bull market. any bull market you have ever had, financials have to be there and lending has to go on. looking at the chart, it looks like we are at a crossroads. we have to hold, the xlf has to hold 23 here.

it's a matter of uptrends or not. liz: i get that. you say we can't have a bull market without the banks rallying as well. that is an old saying, wall street and floor show comment. i would have agreed with it except we kind of have still a bull market. we had a horrific blip in march. we are now not only back to where we were, but the nasdaq has enjoyed 27 all-time record closes this year alone and the s&p is really close, i believe, to its record high. what are we talking about, phil? are we worried about what the banks are doing putting together a major rainy day fund? >> i think they are doing the right thing. they are saying there's going to be some trouble on the loan fronts and there were negative concerns -- [ inaudible ]. for example, if you look at the trading revenue for some of

these banks, they really did very well with this extreme volatility so that's going to help the banks. the banks are better capitalized than they were back during the last financial crisis so they are prepared, able to take this kind of a hit if it does indeed come and if it's worse than what we expected. but look at some of the comments from jamie dimon. he said we are concerned there's going to be a rocky road. liz: you know what, we froze on phil. can i go back to john on this. i think it's smart for the banks to be doing this. we don't want to have to bail them out again, this is precisely what they should be doing but as we look at what happened with consumer price index for the month of june, this is an indication of inflation at the consumer level, suddenly gasoline prices are moving higher. i'm not so worried because i don't think opec is ever going to really get its act together but they are supposed to meet very soon and they may start to tighten supplies just so the price comes up again.

will that ding the consumer just as the consumer needs cheap prices all around? >> yes. and i know that you have been talking about this for awhile. i have seen in my neighborhood especially under lockdown, all the mi lllenials are leaving th city and coming to the suburbs. every house, i look on realtor.com and zillow, everything is pending. everything is being sold. i think the banks probably have a long road ahead where they have probably got a lot of runway because this is new. millenials always swore just like our generation, we would never live in the suburbs and here we are. you need the extra space, especially if you are under lockdown and working from home. that helps the banks just like it help -- liz: sure. exactly. welcome to jersey. yeah. all right. great to see all of you guys. thank you. phil, sorry we lost your connection for a minute there. always a pleasure. we have the closing bell ringing

in 50 minutes. nasdaq has turned negative once again but it has shown mighty muscle, pulling itself up from being down 200 points. it's down fractionally right now. dow is up 395. phase 3 of the covid-19 vaccine trial juicing moderna's stock at this hour. i was so encouraged by this. forget the fact that the stock is up 3.5% right now. why? it's the large phase clinical trial of the experimental vaccine that is now set to begin july 27th, about 30,000 adults at 87 locations in the u.s. will be enrolled and some participants will get the drug. of course, others will get a placebo to see if the vaccine safely protects people from the deadly virus. dow up 420. up next, if you are looking to avoid the crowds, because of the coronavirus pandemic and you've got the money to spend, one entrepreneur has the listing for

you. your own private island just off the coast of portland, maine. we will take you to what used to be known as the ellis island of the north. it's a fox business exclusive. we will take you to house island off maine, tell you how much it costs for one week. all of your friends included. hopefully they have all tested negative. you will hear from the realtor who has the foresight or the luck to buy it. next on "the claman countdown." 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. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights to getting my money right. so thank you. ♪

so thank you. 49i found you! good job. now i'm gonna stay here and you go hide. watch your favorites from anywhere in the house with the xfinity stream app. free with your xfinity service. now any room can be a tv room. stream live tv, on demand shows and movies even your dvr recordings. download the xfinity stream app today to stream the entertainment you love. xfinity. the future of awesome.

liz: during this pandemic, so many people out there, if they're lucky enough to have a second home, have decamped out of the big cities, but you know, there are other people who don't have their own home but they've got some money to spend. how about your own private island with family and friends or even, of course, alone during the coronavirus pandemic? our next guest has made that dream a reality for his guests for the cool asking price of $250,000 for one week. house island, take a look at this, sits just off the coast of portland, maine. it was once known as the ellis island of the north, where europeans made their first stop when arriving to the new world. the owner, noah gordon, is a guy

who had bought it last november, hoping to turn it into a wedding destination. here in a fox business exclusive, he's joining us live from house island to give everybody a tour. noah, great to see you. boy, it must have been like a stake into the heart when the pandemic hit and people started canceling weddings. how did you turn quickly from that to renting it as a pandemic playground? >> well, it was brutal. it went from revenue to no revenue overnight, kind of like getting the covid equivalent of a mike tyson power punch to the face. it was devastating to so many industries including the hospitality industry. by that, i mean every single event that i booked for this summer, this season, plus everything i had out for bid either canceled or was placed on indefinite hold. it's a brutal hit. liz: yeah, i would imagine. show us around. we are looking at the inside of

one house. there are multiple structures on the island which you bought in november for $4.5 million. tell us what you offer there and what people are looking toward having. >> sure. so what we did, i repositioned the island as the premier private island hospitality and destination event venue in america. that's a big, bold aspirational vision. it's totally attainable for us at house island because you have 12 acres of unobstructed vistas, 360 degrees of unobstructed vistas of portland, across the bay and the islands behind me. the house up on the hill is the old captain's quarters called chrkristin kristina's lodge. it sleeps 14 people. we've got five bedrooms -- excuse me, five beaches and killer sunsets. we can deliver privacy, safety and security in abundance and people nowadays, because of the

pandemic, they are looking for security and safety. we can deliver that in spades out here on house island. liz: yeah. you could get a whole family together if they all test negative and they can do it safely. tell me exactly what kind of interest you have seen. do you have any bookings, solid ones, yet? >> yeah. so i've got some prospects of an owner of a 50 meter yacht wants to rent the island for august and september. so eight weeks. the challenge with that couple is they want me to build them a pool and tennis court and i figured out in about a day or so how to be able to actually build those in about two and a half weeks. so -- liz: two and a half weeks. >> i actually run a construction stf services company on top of the island and running a tech company. us entrepreneurs see a problem and we start solving it. very quickly i was able to figure out how to be able to do a pool construction plus a

tennis court. the answer is that because house island is actually all made out of granite, literally if you went down six inches below me right now it's all granite. so the challenge with a pool is i don't want to blast anything because that takes a lot of time and money. so the answer is building an above-ground pool, then use sophisticated decking to make it look beautiful. liz: you know, i'm looking behind you. what a picture. it is absolutely beautiful. are you finding that people are interested in maybe going in with a bunch of family members on the cost? 250 grand is not necessarily cheap for most of our viewers, for me, forget about it. >> yeah, for sure. we've got three different homes that sleep a total of 46 people. it can be a divide and conquer concept as far as how you take down that $250,000 price point. plus expenses. the pricing is actually identical to the way yacht charters are priced. if you look over my shoulder, you might actually see one of

eric schmidt's yachts. he's been in town here in portland. [ inaudible ] was just here with his boat, called dream boat. he left this morning, actually. in any event, the island has three homes, plenty of place for everybody to party and play. because we can actually create that safe haven concept, it's a fantastic place for people to be able to come and spend time with loved ones and families. the idea is they will party, play in that safe haven and my staff will take care of serving them properly. liz: noah, this is impressive. you were dealt a really bad hand with the pandemic. you went to zero revenue. you turned it around. we are watching it closely. we are hoping that if the market is up, which it is right now, dow is up 412, maybe people have newfound money to spend on house

island. good to see you. good luck to you. thank you so much. gorgeous. closing bell ringing in 39 minutes. tesla charging up another win after reports that elon musk's electric vehicle giant has been meeting with chinese officials about accelerating projects there. piper sandler also boosting its price target, ready for this one, $2322 per share. right now, tesla is at $1,499, up about .10%. but the electric vehicle landscape is very quickly shifting as fisker joins the publicly traded crowd. fisker founder chairman and ceo henrik fisker here to show us his brand new ocean suv and how he's going to list on the new york stock exchange. wait until you see what this suv looks like, how it differs from tesla. he used to work at tesla. and we will see what's called

california mode straight ahead here on "the claman countdown." on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

liz: get ready to become more familiar with the ticker symbol spaq. while it is down 6% right now, this is the company behind electric vehicle startup fisker. it stands for spartan energy acquisition and fisker has merged with that to go public at the end of the year. fisker, of course, is an ev startup and it intends to use the proceeds from the public listing expected to be about a billion to fund the production of its first electric suv called the fisker ocean. the fisker ocean, and the company behind it, is merging with this public special purpose acquisition corporation which is in essence a pool of money that helps companies go public. it's backed by private equity firm apollo global management,

ticker symbol apo and it's the same route nikola used to go public last month. fisker says its reverse merger deal will generate that billion dollars to help it start taking reservations for its new suv. joining me now is fisker founder, chairman and ceo henrik fisker. the ocean, i have been looking eight i at it, it is fascinating and i'm sure elon musk, with whom you used to work, is looking over his shoulder saying what's henrik doing. what is so great about this suv that you feel can at least take on some of the potential tesla buyers? >> well, first, it looks like a real suv in terms of styling and design, and not like a hatchback crossover. secondly, we've got real unique features on it but price-wise, nothing beats it. it will start at $29,999 after the federal tax credit and i think that's an amazing value that we have never seen before

in this sort of luxury ev segment. we have got a couple of amazing features like full length solar roof that helps increase the range of the vehicle and also, we have something called california mode, which is unique from any car in the world, which means all the windows roll down except the front wind screen by the push of one button which gives you almost a convertible feeling but you can also throw in a surfboard through the rear window without having to open up the hatch. overall, very cool. it's also the most sustainable vehicle in the world. we use a lot of recyclable materials, all the carpets are made of recyclable plastic bottles and fishing nets from the ocean. liz: you are calling it the greenest suv. it is all electric but it also has vegan interior, which in new jersey, we call pleather. put that aside for a minute. i love the california mode. you could stick skis in the back

although it might get cold if you are driving up to mammoth or wherever you ski, up in maine, perhaps. talk about how the lease structure will work. this is very unique. it will be a very different lease structure that will not be limiting people to a certain number of years, correct? >> correct. because we don't go through the normal dealer intrastructure and we also don't build brick and mortar dealerships, we are able to create a really unique leasing structure where we own the asset over eight years and you lease the vehicle from us, and we already have banks lined up to finance that lease, and it means that you can lease it directly from us, you can give back the vehicle any time after a month, six months, a year. you of course lose your down payment which on the base model is $2999 but it's only $379 a month. everything included, full warranty and over these eight years, we will have different people coming into the vehicle that can afford different pricing so when you give it back maybe after two years, another person gets in the vehicle for

slightly lower price but it still has full warranty and even the last person who might get in this vehicle might be a college student when it's five years old, a lot lower price per month. we think we will have a real attractive product that nobody else has offered in the new vehicle space. liz: well, i would imagine that the special acquisition, the spaq format you were able to pull off with the publicly traded aspect of it, which as i understand, you list on the new york stock exchange around september, very soon, gives you that freedom to be so bold to do that kind of thing, henrik. you know, as you look at the design itself, you work not only at ford but at bmw. you were the man for all you beamer fans who was behind the bmw, what was it, famous one that was really big. the v8. the roadster. you also worked at tesla. what did you learn from elon

that you liked and what did you leave behind? >> well, i didn't work inside tesla. i was a design consultant in the early days. he is an incredible brilliant guy, there's no doubt about that. he's tough to work with but i think we hit it off pretty well, until we became competitors and then it became much tougher, obviously. but that's reality of life. but i have a lot of respect for him. he had a clear vision, he's proven to the world that electrification is better than gasoline engines, it's up to par with performance so he's definitely opened up the market and i think what we are seeing now is people around the globe are finally realizing electrification is coming. at the end of the day for 80% of people it's a better vehicle because most people can find a charger island at home or somewhere else and charger infrastructure is growing. i think with these new evs coming out like our vehicle, just under $30,000, that's good.

there's really no reason why not to get electric car. liz: right. right. but the special acquisition companies, there are a few of them, one called tortoise, there is spaq, the one that helped you out which is up 37% year to date. so there's funding now for these. you look at the year to date stock prices of everything from nio to workhorse, it's fascinating to see how quickly they take off but how are you going to put the infrastructure together for servicing? it's taken elon decade -- more than a decade to do that. are you ready to make sure someone in fort smith, arkansas who likes this and buys one can get immediate service if something goes wrong? >> we are taking a completely different approach than tesla. we are taking a lot of lessons learned by what's already happened out there. we have joined up with independent service providers and one of them is cox automotive that already covers almost all of the u.s. we will also use flying doctors

in case we do have a very remote area. one of the unique things is that we are working together with volkswagen on the platform and that's a lot of technical components underneath the vehicle we think will be a commodity and why we can make such a low pricing for our vehicle. they are already going to produce this platform tofor 18 months, which means everything should be ironed out. we expect super high quality vehicles, very durable. we don't expect to have the typical issues most ev startups will have because they do everything themselves. so that's a very different approach, where we are lining up with very experienced both auto makers and service providers. liz: henrik, i would love for you to join me on the day you go public. okay? >> i will. liz: closing bell is the most important hour and you should be on with us. we will wait to see that happen. henrik fisker, thank you so much.

closing bell, 26 minutes away. ghislaine maxwell, the woman at the center of the epstein case, has just been denied bail. we've got breaking details live from the courthouse in new york. we will take you there in just a moment.

liz: breaking news. a u.s. judge just denied bail for ghislaine maxwell, the woman at the center of the jeffrey epstein case. maxwell pleading not guilty to charges of recruiting minors who were then allegedly sexually abused, to conspiracy and perjury at the video conference arraignment hearing, the government called the alleged jeffrey epstein sex crime accomplice a flight threat, saying they had even found her cell phone wrapped in tin foil, presumably in a misguided attempt to avoid detection when she was apprehended at her new

hampshire residence just a few weeks ago. to fox news' brian yennis, live in brooklyn, where maxwell is being held. what was this like? reporter: well, it was pretty remarkable. this teleconference where about 1,000 people were listening in. the federal judge making it clear that she believed that ghislaine maxwell is a flight risk. the fact that she has international ties and substantial financial means meant to her that she believed there was sufficient belief that she could flee if released. she has some $20 million in 15 accounts, that we know of. the prosecution brought up the example when the fbi knocked on her door on july 3rd in new hampshire, she fled into another room and they did find her cell phone wrapped in tin foil in a foolish attempt, as the prosecution characterized it, of trying to stop the cell phone signal. they also note she had been hiding for the entire year from place to place to place and

again, the judge ruling that she could not let her go with confidence, with an ankle bracelet and not know she would perhaps flee to another country. she has three passports. she's a citizen of france. france has a non-extradition law for its citizens so there was a concern that if she fled to france, we would never see her again. the defense made the argument that because of covid-19 and the circumstances inside of america's jails and prisons that it was the safer route to not allow her to be detained until the start of her trial. ghislaine maxwell actually proposed she would pay to stay in a luxury manhattan hotel until the start of her trial on july 12th, 2021. to that, again, the judge ruling that it was not sufficient. given the severity of the crimes, that is the abuse of minors, as well as the length of time that she faces if convicted, 35 years in prison if convicted, the judge ruled that

the 58-year-old faced too much, she had too much of a motivation to flee. that was a decision that was brought today. two victims were able to speak, one gave a statement, annie farmer. she spoke calling ghislaine maxwell a sexual predator. the other said that without ghislaine maxwell, jeffrey epstein could not have done what he did. liz? liz: you know the arrogance is kind of amazing. oh, let me just stay at the st. regis, i'll pay. you can watch me. that is stunning. she wanted to stay in a luxury hotel? reporter: yeah, she did. that was the offer from her defense attorney, that she would pay for her stay at a luxury hotel. that was not enough. she was guarded, by the way, remember when she was arrested by british former military guys. again, the judge did not believe she was being forthright with her financial means. the $20 million in 15 accounts, it's the belief it's just tip of the iceberg.

liz: bryan, thank you very much. ghislaine maxwell has been denied bail and no st. regis or ritz-carlton for her. the dow up 506 points and climbing in these final 18 minutes of trade. you've got to stay with me. up next, we are talking about the future of tik tok with rumors that it's going to be banned in some companies and president trump has it in his sights. charlie's about to break news on this next on "the claman countdown." it's a thirteen-hour flight, that's not a weekend trip.

fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪ iredefined the wordng th'school' this year. it's why, at xfinity, we're committed to helping kids keep learning through the summer. and help college students studying at home stay connected through our university program.

we're providing affordable internet access to low income families through our internet essentials program. and this summer, xfinity is creating a virtual summer camp for kids at home- all on xfinity x1. we're committed to helping all families stay connected. learn more at xfinity.com/education.

liz: as social media platform, one of the hottest out there, tik tok faces one legal hurdle after another following accusations that the chinese government is somehow able to access personal data from those using tik tok, the company is now considering options on how to step over the regulatory rigamarole and come out winning. charlie gasparino has exclusive details on what tik tok's options may be. charlie? charlie: these are known as, liz, strategic options for the company if the trump administration enacts the nuclear weapon that it has which is essentially to ban tik tok. from being used in the u.s. one way to do that, if you know the history of how tik tok was created, it was created by a company, chinese company called bytedance basically by buying a company in 2018 and you can get a government review of that to

say this wasn't a proper purchase, you could unwind this thing by essentially making it difficult for u.s. companies to use the app or make it illegal. that's kind of the nuclear option if trump goes that way or the white house goes that way. it's unclear if they are going to go that way. we just hear that they may or they are likely. here are the strategic alternatives we are hearing. we are getting this from people very close to the company. we are getting this from people who know what's on the table, obviously it's the chinese, it's the call of the chinese to do this, but the two things they are looking at is a spinoff into a separate u.s. company. again, it would be, if you do that, you get it out of the orbit of chinese regulation and let's be real clear here, all chinese companies are run essentially by management who answers to the peoples republic, the peoples -- the ppr as they call it, the peoples -- chinese communist party, i forgot, the

chinese communist party. so those are the -- liz: peoples republic of china. charlie: there you go. thank you, liz. that's the board of directors for any chinese company, whether it's this one, whether it's alibaba. by the way, i read alibaba's ipo disclosures. it says that point-blank in that. you spin it into a separate company, that's a possibility. another possibility is essentially to sell it to maybe google or someone else, whoever would be involved in buying this thing, which is it's a very popular app. listen, we did a very thorough write-through on foxbusiness.com yesterday. it was published yesterday. it lays out the entire metrics. this is a big company, it's popular among influencers, very popular among middle school and high schoolers, it's an app that allows you to -- liz: huge. huge. charlie: it's huge. but the trump administration believes there's a national security concern.

we do have a statement from tik tok and i just want to read this real quick. we -- as we considered the best path forward, bytedance is evaluating changes to the corporate structure of its tik tok business. we remain fully committed to protecting our users' privacy and security as we build a platform that inspires creativity, brings joy for hundreds of millions of people around the world. we will move forward in the best interests of our users, employees, artists, creators, partners and policy makers and -- but it's all depending on what the trump administration does. again, the trump administration believes that chinese government wants to use the data they collect on tik tok for surveillance purposes and it's not just them. there's other people in congress. you know some of the management there, don't you? liz: well, yeah. i mean, we are watching a very, very capable rock star operator, formerly of disney, kevin mayer, who of course was named the ceo very recently. i have no doubt he is

anticipating every possible option here. this is only the beginning of tik tok and by the way, let's not forget that tik tok took at least some of the tik tokers, the people who are on it, took some credit for maybe some of the empty seats during president trump's rally in tulsa and there are some questions, among some people, that maybe it's sort of retaliation by banning them. i don't see it. my kids will have a fit. let's put it that way. charlie: i will say this about the ceo. you mentioned he's very capable, very well-known and liked on wall street. he knows what he's up against. he will pick the best option but ultimately, this comes down to the chinese. they have to make the call. i think they will make the best strategic option and if trump issues the nuclear weapon on this thing, the nuclear option, they have probably got to sell. liz: yeah. you saw me, i was like play the music. we still have another guest. we got our "countdown" closer.

i'm not being rude. charlie, love you. great stuff. thank you very much. closing bell ringing in eight minutes. we are at session highs, up nearly 600 points. we are up 589. can we make it a six handle? today's "countdown" closer says you know what, either way, he's got a trojan horse stock for you to deploy to lead your portfolio to victory. he's going to name it straight ahead on "the claman countdown." t is that if you're not expecting the shock, and the markets fall dramatically, you might panic. and in the midst of that panic, you might sell and run to cash. at the very moment, you shouldn't. at the very moment prices... maria had to do everything for me. [maria] she had these awful blisters on her back. i don't want shingles when i'm your age. [camera man] actually, if you're 50 or older, you're at increased risk. [maria] that's life, nothing you can do... [camera man] uh, shingles can be prevented. [maria & theresa] shingles can be whaaaat? [camera man] prevented. you can get vaccinated. [maria] where? [camera man] at your pharmacy, at your doctor's. [maria] hold on!

[maria] don't want to go through that! [theresa] hija. [camera man] talk to your doctor or pharmacist . . . . introducing stocks by the slice from fidelity.

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: boy, this turned out to be a very, very major bull run. as we head right into the close we are about 3 1/2 minutes away. another big bank is set to report second-quarter earnings tomorrow. will it change the green course, cheryl? reporter: i'm calling it the covid quarter.

analystbeing honest saying visibility is tough. pulling guidance for the quarter, many for the year. estimate foreearnings per share of goldman, 3.78, that is the estimate of earnings per share. revenue at 9.73 billion. we should say over the last three months the stock gained 18% lagging only morgan stanley. they have a consumer banking business but trading revenues will be in focus as well as the reserves. goldman will come down to comments from leadership what is the road ahead. what is the assessment of the economy and market. all eyes and ears on chairman and ceo david solomon, who took over leadership back in october of 2018. i will have them in the morning. back to you. liz: jpmorgan had record trading revenue, up 77%. as you said goldman has a bigger trading business. maybe that is sort of a precursor what we will see tomorrow. cheryl, we appreciate it.

>> >> let me give you a little bit of history a war was fought over helen of troy. fortunately you don't have to have a trojan horse to look at stock. housewares, health and beauty, the brands you know as oxo are and revlon at stores. barry james is guy who loves helen of troy. how did it do during the coronavirus with some people trying to do their own hair care, et cetera? >> yeah. its with a perfect company for this environment. last quarter's earnings, announced last week, up 22%. what you were talking about the banks and lousy earnings they have gone just the opposite direction. it has been a haven. again, it is, the stock, where everybody knows what they make but nobody knows the name. i just gave you the name. liz: yeah. helen of troy, ticker symbol, hele. let's talk about the market in the final couple of minutes.

the dow is charging ahead 575 points. if you look at intraday of the nasdaq. it had been down 200 points. it had been down 105. are you worried about headlines coming out about tension between the u.s. and china maybe make this market waiver? >> there are a lot of things to worry about. i call it the yellow brick road market. we're about half stock, half bonds. we're not going too great after this. there is nothing behind the curtain. the market doesn't have a brain, heart or courage but it keeps going up. we say, don't put all your money in one thing. it is a very, very narrow. that yellow brick road is narrow. that is the way the market is right now. if you're not in handful of names. couple others we like google and microsoft. not that we know anything above anybody else. it is that old saying if you can't beat them, join them. liz: go on with the momentum.

hitch your wagon to a star. [closing bell rings] barry james, great to have you. there is the closing bell. s&p jumping 1 1/3%. not to be outdone, the dow, full 2% gain. up 568 points. that will do it for "the claman countdown. see you tomorrow. melissa: a positive reversal on wall street. major averages gaining steam in the final minutes of trading. we await a news conference from president trump. i'm melissa francis. hey, connell. connell: hey, there, melissa, i'm connell mcshane. welcome, everybody, to "after the bell." that was a great finish. up a third day in angs season on wall street. we're kicking off with that. fox business team coverage with blake burman at white house, jackie deangelis at the newsroom in new york, ashley webster on the markets, wake up,