conversations. i agree with you 1,000%. we are at the lows of the session as i hand it over to my colleague liz claman. there's a little anxiety out there for sure. liz: indeed. indeed. in fact, we are very close to session lows here and we are watching it closely. we've got breaking news. on that hack heard round the world, reuters now reporting the fbi is looking into the cyberattack that took over the verified twitter accounts of some of the world's most richest famous people. everyone from tesla ceo elon musk, presidential candidate joe biden, reality star kim kardashian west, bill gates, targeted by bitcoin scammers. could it have been an inside job or something even more worrisome? one of the foremost authorities on cybersecurity, privacy and personal information, the chairman and founder of cyberscout, has his own theory. you need to hear it. he's coming up in a fox business exclusive.

by the way, twitter is among many of the names dragging the markets lower as we head into this final hour of trade. worries over spiking coronavirus cases and hospitalizations in nearly every state are drenching the bulls right now. as i said, dow jones 267, that's pretty much close to the session lows. same with the s&p and nasdaq. we do have a loss of 117 points on the nasdaq. as covid cases spike, many restaurants have been forced to flip the script along with the burgers, as hot spots close dining rooms that have recently just reopened. how are they doing that? some just throwing up their hands but not the ceo of one burger chain. he's here to tell you how he's dealing with moving goal posts that are pretty much moving every five seconds. look at this. this is really worrisome. water pouring into new york's lincoln tunnel. another example of the nation's crumbling infrastructure. president trump has been

complaining about this for years and now he is cutting reams of red tape at a record pace. but what does that mean and at what cost? environmental protection agency administrator andrew wheeler is here on "the claman countdown" to talk about how he plans to leap over the obstacles holding back major infrastructure projects while protecting america's environment. can that be done? we are less than an hour to the closing bell. let's start "the claman countdown." liz: we are getting this breaking news. the governor of arkansas now joining the brigade of politicians taking dr. fauci's advice. governor asa hutchinson has now reversed course and is ordering citizens of his state to wear face masks in public. this as major retailers also make the mask requirement.

walgreens just jumped into the fray here, announcing that shoppers will have to wear a face cover along with southeastern chain of grocery stores publix. just 24 hours after walmart did this, national chains kroger, kohl's, target and cvs now say if you want to enter their stores to shop, get that mask on or you're not coming in. all right. let us look at what went up yesterday versus how it's coming down today. we have to go to airlines here. airlines are on the move to the down side as american and jetblue announced a partnership where they will have reciprocal code share flights in a bid to strengthen their pandemic hand. this as american, and this is very worrisome for anybody who is looking for a job in the airline industry, american is warning that 25,000 workers are potentially going to face furloughs. we have american down 8.5%, jetblue down 5%, united airlines losing 6%. flip it to the cruise lines that did beautifully yesterday. not so much today. norwegian caribbean down 13.6%,

announces plans to raise more than $1 billion via kind of a mix of debt and equity in an effort to boost liquidity in the absence of sailing their ships. and we also have as you see, royal and carnival both down. carnival down 9.5%. we do have a chink appearing in tesla's armor when it comes to the stock price. the stock goes down 2.33%. vehicle registrations in california nearly fell 48% during the second quarter with model 3 registrations down by 64%. that wasn't the only bad news for tesla's ceo elon musk. he loves to go on twitter and shake it up, mix it up. he got hacked. this tweet appeared on his account yesterday, saying he was quote, feeling grateful and would double payments sent to a bitcoin address. this was part of a massive hack targeting some of the most well-known names in business, politics and entertainment.

former president obama, joe biden, bill gates, jeff bezos, warren buffett, kanye west and liz claman. i know. i was verified. i couldn't tweet the futures trading last night. i'm sorry. we were all tweeted similar messages yesterday afternoon. the hackers allegedly made more than $100,000 just by promising they would give people bitcoin. so twitter's stock is moving lower and we do have it down about 1.5% after reports that the fbi is leading a federal inquiry into the hacking and rumors are swirling that a twitter employee could be the source of the hack. now, let me just kind of qualify that there. it could be that the twitter employee was tricked in a phishing type of scandal where he was tricked into believing, he or she tricked into believing they were communicating with another employee and then

somehow managed to hack all of this or it could be a bit more insidious. at this moment, we are all looking at how to keep our information safe. what's really going on here? as we are just months away from an election where electronics and the web may be at risk. here in a fox business exclusive, we welcome renowned cybersecurity expert and founder of cyberscout, adam levine. i know you have had time to look at this. give us a sense right now, sir, of what you think is really at work with the twitter hack. >> well, this particular hack feels more like pay for play than it does a state sponsored hacker. you know, we have seen these before, where people will appear, will make an offer, people will buy into it, send money, and then they disappear. my sense is if it were a state sponsored hacker, they would have been looking to do something far more insidious

than you give me 1,000 bitcoin and i will give you $2,000 worth of bitcoin back. because it just seems too transparent to be somebody at the professional level of a state sponsored hacker. liz: how do you know this is not some sort of trial balloon, kind of a secret trial balloon where whoever did it wasn't trying to either create some type of diversion or figure out weaknesses in big organizations like twitter which could then possibly be mimicked during the election, where we have all kinds of electronics moving across the internet to count votes in states and local areas? >> oh, now, there's no question that could it be an opening thrust. it could be. the difference is, though, that clearly, twitter is going to tighten up what it's doing. the real issue here, too, is we

are also working at a work-at-home environment now and a lot of people are not as cyberhygienic as they should be and there are real issues when people are dealing with devices that are personal devices as opposed to business devices, devices they could be using with their kids for home schooling, sharing devices with people in the family. so this is clearly an indication that we've got to tighten up, especially now, especially with election coming, and heaven knows when you get to platforms this big and people this high profile, the things that you could get your hands on that could then be used to influence voters' opinions is very serious. liz: check this out. we are just now, this is breaking at the moment, hitting the tape, getting a comment from the fbi. the fbi is saying, folks, that the accounts appear to have been

compromised in order to perpetuate just as you said, cryptocurrency fraud. so it does look like it was one of these scams where, you know, you promise something in return and people not savvy enough to really see through that gave them the money. but you know, all right, i will give you a quick comment on that, then i want to get to russia and what's happening with covid vaccines because they are trying to hack. there are reports they are trying to hack our attempts here. >> yes. absolutely. you know, the whole thing, if you think about it, this was sort of a rolling attack that started with some of the cryptocurrency organizations and then moved to high profile twitter accounts. so therefore, you know, a lot of the cryptocurrency people have been saying that they thought this was just a cryptocurrency related attack and we have seen where millions upon millions of dollars of cryptocurrency have been stolen as people get into

the accounts of people as well. this sort of seems like for the money, guys. liz: there is a huge race to find a vaccine at the moment and also to find therapies, adam. i know you know this but now it appears that russia has hackers, probably state sponsored, targeting vaccine companies that are trying to develop vaccines and trying to steal sort of that proprietary information and discoveries that are in the process of happening. that is just crazy. we understand the chinese are trying to do that as well. what can labs that probably aren't used to this type of nefarious activity do to protect themselves and their proprietary discoveries and information? >> well, the thing they have to do is what all companies have to do. they have to step up their game. they have to do what i call the three ms, minimizing risk of exposure, monitoring, having a plan to manage the damage.

that means you have to secure your system. that means you have to train your people. that means you create a culture of privacy and security literally from the front desk to the boardroom and everybody in between. and understand the fact that we all have day jobs, whether it's creating vaccines, whether it's handling our families, whether it's protecting our businesses, but to a hacker we are their day job. so you know, to have somebody under assault and hackers are looking for intellectual property, trade secrets, heaven knows that china made a cottage industry out of it and no doubt russia's doing the same. no doubt other countries are doing the same. it's entirely possible that our government is also doing the same. liz: we are doing the same. >> relative to other countries. liz: all right. moderna which is very close right now, at least the closest, up 2% but all the other names, glaxosmithkline, astra-zeneca, all rushing to find that vaccine

cure. let's hope and pray. adam, thank you very much for weighing in. adam levin of cyberscout. this just in. we told you that it was the arkansas governor. well, now we have the colorado governor requiring face masks statewide. that news just breaking at the moment. we do have the closing bell ringing in 48 minutes. with or without masks, as lockdowns ease, shoppers returned. retail sales popped in june along with a slew of good economic news and yet stocks are still sliding. with the dow down 229, session low is a loss of 250. we're not far from there. is it time to reserve a new corner of your portfolio to protect your money? our floor show traders say yes but where? they will tell you when "the claman countdown" comes right back.

experience the adventure of a bigger world in a highly capable lexus suv at the golden opportunity sales event. lease the 2020 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer. i'm an associate here at amazon. step onto the blue line, sir. this device is giving us an accurate temperature check. you're good to go. i have to take care of my coworkers. that's how i am. i have a son, and he said, "one day i'm gonna be like you, i'm gonna help people." you're good to go, ma'am. i hope so. this is my passion. if i can take of everyone who is sick out there, i would do it in a heartbeat.

i've been involved in. communications in the media if i can take of everyone who is sick out there, for 45 years. i've been taking prevagen on a regular basis for at least eight years. for me, the greatest benefit over the years has been that prevagen seems to help me recall things and also think more clearly. and i enthusiastically recommend prevagen. it has helped me an awful lot. prevagen. healthier brain. better life.

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: three signals streaking across the skies over wall street today that under normal circumstances really should trigger a rally. retail sales in june were just gorgeous, up 7.5%. by the way, that's a big beat. china gdp coming in at 3.2%.

weekly jobless claims at 1.3 million while still elevated, diminished for the 15th week in a row. but we are still in this pandemic so these are not normal circumstances. in fact, 37 states now show not diminishing but rising infection rates. our floor show traders say time to apply new protective measures to your portfolio. these guys would know. scott redler, phil flynn. phil, these measures don't necessarily have to be pegged as stocks, do they? >> no, they really don't. in fact, some of the best hedges are outside of the stock market right now. take a look, for example, at gold and silver. they have been incredible during this comeback in the stock market and they act as a really strong hedge in this situation. you have central banks around the globe printing a lot of money. you got historically low interest rates and this could be the beginning of a long term bull move, not just a short term thing. you could see a scenario where the economy starts coming back

and that's going to be inflationary and that's going to help drive gold. but you could also see a situation where we have a pullback because of the covid virus. it would mean more stimulus and that's another reason to be long gold. so the fundamentals right now are so bullish for gold. if i had to compare recent history, look at the chart in 2008 to 2009 in gold, when we had the financial crisis. this patterns are very similar and they pointed to new all-time highs. liz: you know, i like silver. i do like it because it has an industrial application. it can be used in technology. folks, i think it's important, yes, phil has two picks, pan american silver and barrick gold. there are ways around actual equities. scott, what about you? you are a technical guy. you are always looking at levels and things like that. you have had some really big wins lately, some picks on this show, whether it was boeing or sonos that have done incredibly

well after you said buy them. what are you saying today about a new opportunity to clip off just a corner of a portfolio and make it a little more defensive? >> i love gold also for the last two to three months but that's okay. i have a few more up my sleeve. right now, as you said, i'm a technician and we are trading at around 3200 in the s&p. if the covid cases continue to rise, if no professional sports or college sports can be played and if schools are canceled, there's a chance come september, october, it might roll over. at 3200, it can do that. i don't think we go test the march lows of what was it, 2181 or 2185 but i think we could see somewhere close to 2800. if investors want to maybe buy some puts on the s&p, they could buy the 300 puts which could give them protection if we go back down to the 2800 level so they could add some cash flow if they don't want to sell stock they have been holding long

term. or i really act as a technician, i always think cash is a good hedge. there's no problem having a bit of cash in your portfolio to get back in when the market feels better. liz: i like that idea. phil, scott, both of you, we appreciate it. look, you also said vix, volatility, and we have that today because right now, we are now much further off the lows of the session, now down 205. 250, low of the session. we are coming back just a bit here with the closing bell ringing in 40 minutes. there's always a trade here on "the claman countdown." deutsche bank says the eat-at-home trade is kraft. kraft heinz hitting a 52-week high in the final hour of trade. the mac and cheese maker and s&p leader at this hour as deutsche bank analysts say recent covid-driven events should allow kraft heinz to improve business operations at a faster pace than its competitors who don't have as much access to financing.

they are up 3.25%. covid-driven events also driving restaurant owners crazy. the coronavirus lockdown see-saw in full swing. first opening, then closing dining rooms as cases spike. up next, the burger chain ceo who is working minute by minute to churn out hot food in the hot zones. see how he's doing it when we come right back. don't go away. 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.

stocks by the slice from fidelity. about medicare and 65, ysupplemental insurance. medicare is great, but it doesn't cover everything - only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: to help pay for some of what medicare doesn't. learn how an aarp medicare supplement insurance plan, insured by united healthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call today to request yours. so what makes an aarp medicare supplement plan unique? well, these are the only medicare supplement plans endorsed by aarp and that's because they meet aarp's high standards of quality and service. you're also getting the great features that any

medicare supplement plan provides. for example, with any medicare supplement plan you may choose any doctor or hospital that accepts medicare patients. you can even visit a specialist. with this type of plan, there are no networks or referrals needed. also, a medicare supplement plan goes with you when you travel anywhere in the u.s. a free decision guide will provide a breakdown of aarp medicare supplement plans, and help you determine the plan that works best for your needs and budget. call today to request yours. let's recap. there are 3 key things you should keep in mind. one: if you're turning 65, you may be eligible for medicare - but it only covers about 80% of your medicare part b costs. a medicare supplement plan may help pay for some of the rest. two: this type of plan allows you to keep your doctor - as long as he or she accepts medicare patients. and three: these are the only medicare supplement plans

endorsed by aarp. learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. liz: it used to be that regulations changed, what, every four to eight years with a new president, but try every other day now. the ebb and flow of covid cases has restaurants and bars being told first to shut down, then now the coast is clear, you can reopen, and now they're shutting down again. the national restaurant association says that since march, this constant shifting of directives has caused $145

billion shortfall for the food and service industry. fast casual chain mooyah burgers are concentrated in the three hottest zones, texas, california and florida. that has not stopped them from expanding their footprint as they put the finishing touches on of all places, a new location in the heart of new york city's times square. how are they pulling this off as the ground moves under their feet? we have the chairman and ceo to tell us. thank you for being here. i do not envy anyone in your industry and it was one thing in march where shutdown, okay, we got to figure this out, but since then, there have been so many changes. tell us what it's like and what it's been like in the past week and a half. >> thanks for having me. absolutely, it's been if anything, unpredictable. i would even say the only thing predictable is that there is no predictability. that's in a business that relies very heavily on data and habit and people doing things regularly the same way.

so it's been interesting, to say the least. liz: how do you do it? in texas, where you have many many locations of your franchises, there at first was the confidence that we are going to open before everybody else, we are fine with this, this is going to work. now you have governor greg abbott extraordinarily concerned, not shutting down the state again, not locking down, but he wants everybody wearing masks. in the last hour, it's colorado and arkansas governors saying do the same. and we are seeing hospitals at capacity in houston. >> yeah, it's been nothing short of a remarkable environment that we are dealing with. however, that being said, we took very active steps early on to educate our franchisees and really establish protocols in restaurants to best serve our customers. and in circumstances where the environment never truly opened up, and that could be california

and some other markets, where dining rooms really were limited or never opened, we have really put a lot of effort into establishing our digital platforms and protocols to really help our franchisees grow their sales and take care of their employees, to keep them safe. because if they're not safe, we don't have a business that can run. liz: the franchisees, you know and you feel for them because you have been a franchiser of del taco, jack in the box, famous dave's. i was looking at your list. you have extraordinary experience in this industry. have you ever dealt with anything like what we are seeing right now? >> you know, over my past 40 years of experience in this industry, this is remarkable. i have seen a variety of different cycles, ups and downs, and i have never seen anything like this. this is nothing that we could have anticipated, modeled or forecasted. or for that matter, planned for. so it's really important for us

to have constant and regular communication with our franchisees and encourage them to be flexible. all that being said, the restaurant industry is one of the most resilient and those that have been through multiple cycles have built up just a lot of muscle memory on resiliency so our focus is really helping our franchisees stay open, stay operating, stay profitable, and as we get through this, i think those businesses will be substantially stronger coming out the other end. liz: there are four mooyahs in the state of new jersey. i think i have to do some very in-person research and check out the fries, especially the fries. anand, good luck to you and your team. we really appreciate you coming on. good for you for being on it and ready. thank you so much. >> thank you very much. liz: anand gala. for those of you who are

terrified of tunnels, please do not watch this. with the closing bell ringing in 31 minutes, and the dow now down 153 points, take a look at new york's lincoln tunnel, which goes under the hudson river. springing leaks. the flooding caused two days ago by a burst pipe but it is just the latest example of our nation's crumbling infrastructure. the trump administration announcing during yesterday's show, this show, a new plan to expedite the current onerous project approval process that takes years. much of it caused by environmental regulation, red tape. the top man of the epa, administrator andrew wheeler, joins me next live on what that really means for jobs, clean air and clean water. he's next live from the white house. don't go away. 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. ♪ [ind(mom)ct radio chatter] come on, hurry up! so thank you. all systems go? (mission control) 5 4 3 2... and liftoff. (vo) audi e-tron. the next frontier of electric. get audi at your door remote services through participating dealers.

robinwithout the commission fees. so, you can start investing today wherever you are -

even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. but what if you could stdo better than that?k. 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. guys! guys! safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! safe drivers do save 40%. click or call for a quote today.

liz: breaking news. twitter has just given an update on that hacking attack and twitter says it does not believe resetting passwords is necessary and that it has no evidence that attackers accessed passwords. it also said it took steps to lock any accounts that had attempted to change the account's password during the past 30 days and believes only a small subset of locked accounts were compromised. of course, we told you that included elon musk of tesla, bill gates, warren buffett, joe biden, former president barack obama. twitter says it is still investigating. it's down 1% off the lows of the session, still down about 36 cents to $35.31 for the stock. they will inform people who were affected. while twitter's hack may be frightening for some of the rich and famous, this is frightening for consumers. on tuesday, 48 hours ago, just as commuters were driving to and from new york and new jersey in the lincoln tunnel which by the way, if you don't know, goes

under the hudson river, a burst pipe began spewing water -- okay, this is my worst nightmare, thank you very much. i think sly stallone did a movie where everybody was drowning. thankfully it was quickly fixed but the aging infrastructure of the nation's bridges and tunnels is precisely what president trump focused upon in atlanta yesterday by announcing new deregulatory efforts to speed up the approval of infrastructure projects across the nation. he's not done. at the top of the hour, 4:00 p.m. eastern, the president is expected to delve into the financial benefits of cutting red tape, how much it might save the average american family, how long does the approval process really take. we looked into it. the median is seven years to get something approved but we found this example. the bonner bridge in north carolina took 20 years of dealing with red tape to finally finish. president trump says those days of waiting years is over but he did manage expectations. listen.

>> our goal is one year and you may get this approved, they may vote at the end, they didn't like something environmentally or safety-wise, and i'm all for that. we won't get certain projects through for environmental reasons. they have to be environmentally sound. liz: what does that really mean? we welcome environmental protection agency administrator andrew wheeler. welcome, sir. good to have you on the show. as a builder, this is donald trump's wheelhouse. he can scan a multi-page bid, see who's overcharging, what won't work, what will, et cetera. what exactly will be eliminated regarding environmental regulations that will lop off years of process? >> sure. first of all, you're right. he's the infrastructure president and chief. we haven't had an infrastructure president like this probably since dwight eisenhower created the federal highways. he knows infrastructure and he knows what the impediments are. there really isn't a more stark difference between president trump and vice president biden. you go back to 2009, vice

president biden was in charge of the stimulus package, implementing that for the federal government, and he infamously went to a bridge in north middletown, pennsylvania. governor rendell told him it was shovel-ready. he thought it was shovel-ready. he did a big ribbon cutting, said it was shovel-ready. they weren't able to break ground for months. even joked about it later saying i guess there's no such thing as a shovel-ready project. he didn't do anything about it for eight more years. president trump knows what the problems are -- liz: i'm sorry. could i just jump in? i really need to, if you could just answer the question because i know there is a tendency to use opportunities like this as campaign moments to pitch your guy, but what are the pieces of red tape that would be eliminated as far as the environment is concerned that the president is talking about? >> sure. so he has put time frames on to get all permits done within two years. as you said, the average age is seven years per permit but some of these permits can last decades. he's also putting one federal

agency in charge of each project and he's also allowing public participation in the permitting process to be much earlier. it's not -- we're not getting rid of any environmental regulations. we're not getting rid of any environmental policies. we are just cutting the red tape on the reviews of the permits. it took us one year to build the empire state building, three years to build the hoover dam. those permits today would take decades. we should be able to get a permit review within two years. under president trump's leadership, that's what we are going to be able to do. the regulations he put into place yesterday will ensure that we are cutting out red tape, getting it down to less than two years and the president was right yesterday, it doesn't mean that every project is going to be approved. there will be projects that don't get approved because they aren't environmentally sound but we can review the environmental issues behind any permit within two years. it should not take 10 or 20 years. i believe your example in north carolina bridge was a 20-year wait for that permit. liz: crazy. >> that's ridiculous.

liz: i mean, at that point, ceos retired, some even passed away. it just took so long. are these just federal regulations or will you override state and local governments who, some might argue, best know their localities? >> we are not going to be overriding states. these are for federal projects tied to federal dollars and it is also a positive for the environment because when you are talking about highway expansion, you are talking about widening lanes, widening a bridge, one of the biggest problems from vehicles as far as emissions are concerned are when vehicles are idling in traffic. by getting these highway projects completed earlier, it's going to cut down on air pollution and under president trump, we reduced air pollution 7%. he's proven that we can deregulate and improve the environment at the same time. liz: it was really encouraging for those who care about clean air and water when the president said that plans have to be environmentally safe. in fact, he specifically said

they have to be sound. you have to forgive the skeptics who look at perhaps you, a former lobbyist for the coal and chemical industry, even the president said he felt that it was lobbyists who extended the process because they could keep charging money. but you know, how can people look at you and say he's not a wolf in sheep's clothing? for an administration that has rolled back mercury, arsenic and emissions standards, what do you see as constituting safe and sound? >> sure. first of all, when i was in private practice i represented over 25 different companies but i started my career as a career employee at the epa straight out of law school. so i have worked for 25 plus years in the environmental field. when we deregulate, we don't just get rid of a regulation. the mercury one you just mentioned, we replaced it. we replace our regulations. the older regulations. we are modernizing them. deregulation doesn't just mean getting rid of a regulation. it also means replacing modernizing, using better science, using more up-to-date

information, and that's why we have been able to deregulate. we have passed over 60 deregulations under this administration at the epa and have saved the american public $94 billion in regulatory costs. but at the same time, as i said, our air pollution has gone down 7%. we have cleaned up more superfund sites. last year we cleaned up 27 superfund sites, more than any fiscal year since 2001. we have proven that you can deregulate, you can save the american public costs, you can help create jobs and improve the environment at the same time. liz: i think that it is fascinating to watch infrastructure in play. we as a business network are looking at the stocks, just about every one of them yesterday as the president was speaking began to start rising. not just by, you know, i mean, 1% to 7% for some of the cement makers and materials guys. so this could be a real boon to

shareholders and our investor audience but can you promise americans who care about safe roads and certainly improved roads, they want that, too, but they also want the air they breathe to be clean, that the epa won't use this as an opportunity to reduce regulations on industries that generate pollution? >> we are. as i said, we reduced air pollution 7% and the regulation the president unveiled yesterday is just about the process for how long it takes to review an environmental project. it's not -- does nothing to the underlying regulations that ensures that we will have clean air and clean air going into the future. our air, like i said, has gone down 7% under this administration. epa is 50 years old this year and we reduced air pollution since 1970 by 77%. so we are on a trajectory of decreasing air emissions and air emissions will continue to go down for the foreseeable future because we are requiring state of the art pollution control

equipment to be installed in facilities across the country, we are reducing emissions from automobiles. we are reducing emissions from the electric power sector across the board. we are installing new regulatory requirements but these new regulatory requirements are saving money, they are modernizing older regulations and depending on newer science and this is really a boom for the american public as far as the clean environment is concerned but also for american jobs because it's helping to return a lot of manufacturing jobs here to the united states under our policies. liz: we thank you very much, administrator wheeler. we will have you back because california would argue that you haven't exactly tightened emission rules on cars. but please come back again. thank you so much for joining us here on "the claman countdown." by the way, fox business is going to carry the president's event at the white house at the top of the hour. he will be talking about how much money the average american

family saves according to his administration by cutting so much of this red tape. that's all "after the bell." stocks coming off even higher off the lows. dow is now down 140 points. we'll be right back. i had shingles. horrible. a young thing like me? [camera man] actually anyone 50 or over is at increased risk for shingles. the pain, the burning! my husband had to do everything for weeks. and the thing is, there's nothing you can do about it! [camera man] well, shingles can be prevented. shingles can be whaaat? [camera man] prevented. you can get vaccinated. frank! they have shingles vaccines! -whaaat? -that's what i said. we're taking you to the doctor. not going through that again. [camera man] you can also get it from your pharmacist! talk to your doctor or pharmacist about getting vaccinated.

talk to your doctor or pharmacist 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.

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. ♪ liz: if you have seen the musical "hamilton" it's got a song where they rap called "cabinet battle." seems like that's what's happening between treasury secretary steven mnuchin and senior economic adviser larry kudlow. according to charlie gasparino, as stimulus talk heats up about what the next check that you out there in america are going to get, what's the battle here, charlie? charlie: we should point out steve mnuchin, the treasury

secretary, will be on the hill next week negotiating with congress, with nancy pelosi, the house speaker, democrat and also with mitch mcconnell, talking to him about what this next i guess fourth round of stimulus is going to look like. here's what we know from inside the white house. it's from what i understand, there is a battle royale going on inside the white house about the next stimulus. it pits mnuchin, as i mentioned, against larry kudlow, the head of the nec. larry kudlow, we should point out, is a supply sider. he believes in cutting taxes. larry's a friend and colleague of mine for many years. i know where his heart is. from what we understand, he and mnuchin are at odds over the stimulus. mnuchin wants to keep and extend the unemployment insurance plus that $600 check, he wants to still give that to people, those stimulus checks, wind them down over the course of the year but still give them. kudlow, on the other hand, doesn't want that. kudlow wants a big fat payroll

tax cut and that's where the battle lines are being drawn. kudlow's supporters are mainly in the senate, tom cotton, from what i understand, the senator from missouri -- excuse me, from arkansas, conservative, definitely wants a payroll tax cut. maybe mitch mcconnell does as well. on the other hand, mnuchin has on his side jared kushner and ivanka trump and maybe even the president, who is starting to talk more about these stimulus checks. that's where the battle lines are being drawn. it's unclear who is going to win right now other than you've got to give the advantage to mnuchin given where the winds are blowing. bottom line is this. a lot of people support this stimulus package say if we are going to get anything through, we are not going to get through a payroll tax cut because nancy pelosi will not approve a payroll tax cut and give donald trump a pre-election victory. so that's where this thing is coming down to. i really think mnuchin has the edge here but it is a battle,

pitting the hearts and minds of supply siders on the kudlow camp and that would be people like art laffer and maybe steve moore against mnuchin and -- who is backed up by ivanka and jared. back to you. liz: larry kudlow's been a busy guy. he was asked today, charlie, about something you spoke about that got a lot of attention and that is sort of the future of tik tok which is so popular with the millenial crowd, and you know, there's a question because of its ties to china, its parent company bytedance is owned by a chinese company, whether it could be banned by the administration because of possible data sharing. kudlow was saying, charlie, well, we haven't made a final decision on that but he thinks tik tok is going to have to sell itself to somebody else like a u.s. company. which is what you talked about just the other day. charlie: yeah. listen, there are not a lot of options on the table for tik tok if the trump administration goes forward through cfius, the

agency that approves foreign purchases of companies, particularly companies that operate in the u.s. they are looking to back-date going back to 2018 and ruling against bytedance's purchase of a key component of tik tok. if they do that, it essentially makes it impossible, illegal for you to download tik tok on an apple iphone, use it through amazon. it makes u.s. companies sort of the integration of tik tok's app through those entities, makes it very very very difficult. so what have they got to do? they are either going to spin it off into a separate u.s. company or they are going to sell it. there's only two things. and the company as you know is exploring both options. liz: yeah. although they put out a statement in reaction to kudlow saying we do not engage in speculation.

charlie gasparino on larry kudlow. we are coming right back. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. now every bath fitter bathbath fis installed quickly, safely, and beautifully, . . we've been creating moments like these for 35 years, and we're here to help you get started. book your free virtual or in-home design consultation today.

in a highly-connected lexus vehicle at the golden opportunity sales event. lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer. look, this isn't my first rodeo and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit.

other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. you've probably been investing in your home for years... making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be part of aag, i trust 'em, i think you can too.

trust aag for the best reverse mortgage solutions. call now so you can... retire better ♪. liz: it's the tiger king quarter. netflix, netflix is reporting its earnings after the bell. the stock is up today but over the past year-to-date it is up 62.7% for netflix. it propped up intraday to the upside. chief investment officer bill stupid baker is here. he has a -- studebaker. he has a covid play. i'm sure it is not netflix. what is it? >> a lot of your viewers are familiar with companies like moderna, having no vaccination out there, but 4days -- 42 days

entering human trials but all could be moved to phase three. this company called lanzo, a swiss-based company, basically a contract manufacturer that it partnered with them to produce what they hope to be a billion vacs nations. they're beginning to roll out with moderna in july. we'll see how this goes but we think there is a lot of upside for this company. they're a leader in a 45 billion-dollar contract delivery market. liz: i'm looking at robo global artificial intelligence, ticker symbol thng. very cute. that you're putting money into robo global and obo global. you are not putting into a single pharmaceutical that may have approval for a single vaccine. we're hearing on the trading

platform robin hood, 10 ever thousands of people bought moderna within the span after few hours. that smells to me like a herd that may turn at some point? >> i think so. it is important to diversify your bets across the value chain what we think are technology applications. as it relates to health care, we launched thing, h tech, up 25% year-to-date. it is spread out across a lot of various technologies whether genomics or data analytics or preventative medicine or regenerative medicine. a lot of these are companies that a lot of investors wouldn't have familiarity with and we think it is important to be diversified not just across those sectors but also geographically which we have pretty distinctive diversification. that is way to play it for most investors.

liz: bill, thank you so much. we appreciate you coming on. [closing bell rings] bill studebaker. the president is about to speak. stay tuned for "after the bell." oh, yes, netflix earnings coming up. connell: we're covering two big event this is hour. president trump about to deliver those remarks at the white house. they're setting up on the south lawn. netflix any second now will being delivering its earnings, the first of the tech titans to report quarterly results. we'll try to cover it all at once. i'm connell mcshane. melissa: we have a big show ahead. i'm melissa francis this is "after the bell." the major averages ending off the lows of the day. the dow snapping a four-day winning streak. any minute now the president as we said expected to highlight his administration's regulations cut, claiming it puts more than $3,000 back into your