they don't have the luxury of waiting until a hedge fund trading desk can come back. charles: david bahnsen, powerful stuff. really appreciate it. thank you so much. meantime, markets are holding up pretty good. gold and silver, the winners of the day. liz claman, they are shining brightly. liz: oh, yeah. shining brightly or bright flashing warning signal might be the question. we are watching all of it. stocks are in the green. he knows. he knows. stocks are in the green as the race to a covid-19 vaccine kicks into high gear in this hour. president trump will hold a coronavirus briefing in north carolina but first, he will tour the fuji films biotechnology, the site where a key component of novavax's vaccine candidate, the one backed by bill gates, is being produced. you see that we've got air force one just landing at

raleigh-durham. the president is about to step out of that plane. i can tell you right now, we are going to be there with cameras because back in d.c., there's another huge story developing. the congressional antitrust sharks are circling. in less than 48 hours, jeff bezos of amazon, apple's tim cook, google alphabet's sandar pichai and mark succeed you azu facebook will be the ones in hot water. it is the first time ever that all four will simultaneously be taken to task by law makers. if congress is smart, okay, i know, if congress were smart, they would get suggested questions from this guy. basecamp co-founder and chief technology officer. he he's the only one who has taken on three of the four and lived to tell about it. he will reveal the number one question he says congress should ask each of those tech titans that he says will cause

crumbling. plus, could a new u.s./china ticking time bomb threaten social media's hottest name? china economic insider derek scissors gives his threat assessment for tiktok. is gold shining or as i just asked charles, flashing a very bright warning light? at first it was bad news for the marlins fans. then phillie and yankee fans. who's next in the covid domino effect? one team has just boarded a plane out of dodge. less than an hour to the closing bell, let's start "the claman countdown." breaking news. novavax stock right now is moving higher just as president trump is disembarking from air force one at raleigh-durham international airport in north carolina. you can see the door opening right there. here's what the president will be doing. he is going to tour a facility where key elements of a potential covid-19 vaccine from the drug maker are being developed. u.s. awarded the bill

gates-backed biotech $1.6 billion to mass produce a treatment under its operation warp speed program. the same program awarded rival moderna just under a billion dollars. now, speaking of warp speed, you can look at moderna's stock. at last check it was jumping about 9% after it announced its vaccine could be ready for widespread use by year end after the drug maker said it is ready to start a 30,000 subject trial. under the government program, moderna, whose stock by the way has jumped 103% year to date, is the first to reach a late stage study. all right. to our pop and drop stocks. under armour going to need body armor after getting a dreaded wells notice from the securities and exchange commission. the stock right now has reversed. it's back up about 1.5%. it was down in the premarket by way more but it has since found its footing at the moment. a wells notice which notifies

recipients of charges that the regulator intends to bring against the company was also sent to the athletic wear founder's kevin plank and current executive cfo david bergman. in question are the company's accounting practices in 2015 and 2016, and whether under armour shifted sales from quarter to quarter to make those sales appear more robust. under armour says no way. they will defend themselves vigorously. how many people does it take to make a mercedes-benz? it may be a lot fewer if automotive news europe is correct that the german automaker could eliminate as many as 30,000 jobs and seven cars cut from its u.s. lineup. daimler stock is up 2% with encouragement they might be tightening up the balance sheet and getting their financial house in order. mercedes rival bmw coming out with a fully electric version of its 5 series.

right now bmw is up .33%. the news does not seem to be slowing down elon musk's dance steps at this hour. tesla's stock continuing its run higher. it's up 7% right now. guess what 7% means for tesla? that's $98 increase. the stock right now at $1515 and change per share. we have to talk about nikola because that's jumping 11.66%. the badger truck is really looking interesting to a lot of people. the stock, though, by the way, while up today, is still down by about half month to date. hot fun in the summer. today kicks off one of the busiest earnings week of the season. look at the calendar. four of the royal names in tech, facebook, amazon, apple, and alphabet google, yeah, they report this week. of course, they have delayed them because all four of those leaders are going to appear on wednesday, but look at wednesday as well. the economic events this week

include the federal reserve interest rate decision which comes out wednesday, and of course, we all want to hear what fed chief jerome powell has to say about how he sees the economy and what the fed's ready to do if it sees the economy take another leg down. all that sounds very important. perhaps every investor should be paying more attention to this. the u.s. dollar is at a two-year low and dropping. gold is at an all-time high of more than $1900 an ounce. and the ten-year treasury yield, look at this, .57%, ticking lower ahead of the fed's meeting. some believe these three things together means we could be witnessing the early formation of a perfect storm that could trigger a major stock selloff. to our floor show. we are joined by john sylvia, president of dynamic economic strategy and former wells fargo economist and new york stock exchange trader tom hayes. john, start with you.

what do you make of these three warning lights, separate, then put together? >> i think you put them together and they are a warning light. simply, i understand the fed's pursuit of very low interest rates to help stimulate the economy, although in my world, the problem with the economy is simply uncertain aggregate demand in the economy. but with low interest rates, basically again, for equities, it's a low discount for future earnings so you can understand why stock prices are up. also, with the low interest rate, the opportunity cost of holding gold or silver is also incredibly velolow, so you can understand why that's up as well. these are interrelated driven by those low treasury rates which at this point in time, quite frankly, i don't see rates as the problem for the u.s. economy. i think it's uncertain demand. liz: john, let me push you, though. right now we have seen the ten-year tick slightly higher,

if we can get that up on the screen. .61%. you are looking at this at the moment when you see that plus the gold picture, $1944 with the earlier high there, we are starting to see some strange things happening just as the stock market continues to rise. what trigger will you be looking for? >> well, the challenge i think is the ten-year but also the credit spreads. what i would be looking at, the high yield spread, the aa corporate spread for high grade, both are below the levels of february. so i'm thinking okay, now why is that possible. again, i think with the fed buying corporate bonds, it really has pushed those quality spreads lower. i would look at the following. look at the real economy, jobless claims, look at the financial markets, both the ten-year and credit spreads. liz: what about you, what are you looking at, tom? as a trader, you are way more, i'm not saying tick by tick, but

certainly week by week, maybe 24 hours a day, you are looking at these moves. when you step back, are you seeing anything that worries you at all? >> not so much worry, liz. i think number one, obviously we have to get the extension of the enhanced unemployment. we now know that the bid from the republicans is an extra $200 a week, the ask from the democrats is the status quo, an extra $600 per week. that needs to go into place right away because those expired this weekend. i think we will get that carve-out hopefully by the end of the week. the second thing i think we will see this week is in the fomc statement, more rhetoric about yield curve control which will be a very positive thing because unlike 1947, they are focused on the short end of the curve up to the five-year treasury which means they will let the long end go out, that yield curve steepening which will incentivize banks to lend to small businesses to do mortgages, to lend to consumers, that's great for the recovery. you've got to have that credit

extension and then of course, tech earnings and the tech hearings. the hearings are on wednesday, the earnings are on thursday. these stocks are priced for perfection. they've got to meet that high bar or we are going to see more of a rotation into cyclicals as we saw last week and as we saw in the month of may when the recovery looked quick. those are the key focus things i'm paying attention to right now. liz: john, when you look at the overall picture, and you see everything, we are also waiting on a stimulus plan that will be hopefully green-lit for all the 35 million people, 32 million people who are unemployed right now, are you worried that if we don't see a plan, that this could somehow trigger some type of disruption or dislocation in the markets? >> i would say yes for two reasons. one is simply consumer sentiment. without another package, you do have 3 million plus people whose attitudes toward their jobs and

economic future has just deteriorated. second, picking up on the prior program with charles payne, a lot of these are service workers and the sense that these people just don't have the deep pockets to sustain consumer spending going forward, so yes, i would take it as very much a fiscal cliff, if you want, and very much a negative for the economy and for a lot of consumer discretionary stocks. liz: great to see both of you guys. i don't know if we can at least look at this but we did get, tom, a nice number for durable goods for the month of june. that was a big surprise to the upside here. when you look at names like caterpillar, some of the heavy equipment companies, even with an overhang of what's going on with the tensions between the u.s. and china which we are going to talk about coming up, doesn't that still bode rather well for those companies? >> no question about it, liz. you see the economic surprise

index the last couple weeks at record highs. the economic data continues to be, we will see it also for q2 gdp on thursday. we will definitely beat. so moving forward, i think we will see this progression of economic beats and recovery and getting closer and closer to a vaccine and that's what this stimulus package is all about. a few months' bridge until we get a vaccine at the end of the year and get back to normal. liz: well, it is the manhattan project right now. operation warp speed which is exactly what the president is going to at least look at one of these 200 companies that trying desperately around the world to find a vaccine. great to see you both. john, welcome. we appreciate, tom, as always. we've got the closing bell ringing in 48 minutes. yes, apple is set to report earnings on thursday but that will hardly be the main attraction. for the first time ever, these

four biggest of the big tech ceos will be together this wednesday, testifying before a house judiciary committee over their company's market dominance and the perceived effect on consumers. we've got the guy who has been there before but on the other side. he's faced congress to rip what he calls the monopolistic practices of three of them. up next, david hanson weighs in. "the claman countdown" will be right back. (vo) since our beginning, our business has been people. and their financial well-being. it's evident in good times, with decisions focused on the long-term. and crucial when circumstances become difficult. that continued emphasis on people - our advisors, associates, clients and communities

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liz: this is a first of its kind event for big tech, and it is years in the making. amazon's jeff bezos, apple's tim cook, sandar pichai of alphabet and facebook's mark zuckerberg all set to appear virtually before the house judiciary antitrust subcommittee on wednesday. the hearing will mark a rare public interrogation of big tech's most powerful leaders. the tech titans are expected to defend their company's growing power to skeptical law makers. but smaller tech companies have been sounding the alarm for

years. basecamp cofounder and chief tech officer is the only one who has testified before the same antitrust subcommittee to warn that big tech companies quote, bully, extort or should they please, even destroy our business unless we accept their often onerous, exploitive and ever-changing terms and conditions. dave hanson ending his january testimony with a nod to "star wars" by saying help us, congress, you're our only hope. okay. here in a fox business exclusive is basecamp's david hanson ahead of wednesday's big day. what are you expecting to see and what do you hope congress will do? >> i expect to see that there's going to be four incredibly well-prepared executives who will have been drilled by their p.r. teams to keep this as boring and technical as possible. it is really up to congress to

highlight how these issues are anything but boring, that these are some of the most important issues of the modern economy and the control these companies have must be constrained by law, that we can't rely on markets to correct this now that they seem to have complete control over these markets. liz: when you testified before congress in january, you hit google, you hit apple and you hit facebook, but apple is your biggest beef. in fact, your app, an e-mail organizing app, hey, h-e-y, which is fantastic, it costs money, they gave you a very hard time and they want you to pay what everybody has to pay, the 30% commission for every single customer you get. you called that a gangster move. you basically accused them of being the mafia. if you were to advise congress and whisper in their ear, what question would you tell them they have to ask tim cook to

make him shaky if that's even at all possible? pretty tough guy. >> i think they have to dive into exactly that fallacy you just proposed, that everyone pays this 30% because that's not true at all. you have to highlight this to the american people. right now, the app store which is essentially the app economy, about 14% of the apps pay for the other 86%. the other 86% are either excluded from having to pay because they made sweetheart deals with apple or they fund their operations through advertisement which is excluded from apple's cut. so you have these 14% of apps which include our apps that are getting shaken down so we can pay for the rest. why should basecamp have to pay for facebook? basecamp is a small software developing company. we don't have billions of dollars to pay for it and at the same time, apple is asking us for 30% of our revenues and tell facebook you can get away with paying $99 a year because you

make your billions off advertisement. that is just profoundly, inherently unfair and congress needs to dive into that and show the american public this is not at all a fair marketplace. it's an incredibly rigged and specifically designed marketplace that takes sort of advantage of the weakest that they can. apple knows it can't take on facebook directly so they take on small players like us. liz: you took on google as well, where your issue with google is actually, google controls, you say, how customers or whether customers can even find the smaller companies on the internet, because they dominate search and therefore, they know what they want to push up higher. that's what you allege. but what would you tell congress to push sundar pichai on? >> on exactly that point. is google a search engine that helps you find things on the internet or is google simply a storefront for everything else

alphabet offers. for youtube or other properties that google already has, there's a bunch of interesting research that shows that google is sending more and more and more traffic to its own services because they have this monopoly in the front door of the internet. when they have that monopoly it simply means people can't just go gooigle whatever they want t find and expect to find the best thing that's available. no. they will find google's own thing which is also an abuse of power. we are sort of squeezed between all four, although particularly for our business, apple and google, they are squeezing from each side. google is squeezing us to buy advertisement so people can search for basecamp and find our product. apple is asking us if they do find us hey, we want 30% of your revenue. this is really the overall situation congress needs to paint that this is a total issue. it's not about one little thing. it's about the fact it's become incredibly difficult to start a competitor and a small company

in today's software world. liz: the difference, though, is that during the financial crisis, congress did go after big banks. they redid all kinds of regulation and they hit them hard in front of the public, because the public was angry with them. you've got now these big tech companies which have made life a lot easier for the consumer, at least they perceive it. i'm interested to see jeff bezos, first of all, he's never out there. he doesn't talk a lot. do you think that he will try and deflect, will any of these guys deflect, try and deflect the heat on to others sitting, well, next to them virtually, but amazon does not put its kindle apps or any of its apps on the ios for apple because they will argue we don't want to be held to apple's rules, et cetera. do you expect to see that kind of thing where they will go after each other? >> you hope. the problem amazon has had with apple is they didn't want to give apple 30% of their rv neev.

the kindle app is available but you can't buy the books. it makes no sense. apple defends its policies, we are doing what's best for users, doing what's popular. is it best for users they can't buy books on their kindle apps on the iphone? of course it's not. so you would hope something is going to crack but unfortunately, i think they have actually more in common than they have in opposition and they keep making these sweetheart deals with each other. facebook doesn't pay apple 30% of their revenue. amazon just made a sweetheart deal with apple over the amazon prime video store so amazon could be on the platform without paying 30% as well. they have more in common and more to lose by going after each other than just standing strong and saying hey, here's the entire digital economy, let's just split it amongst the four of us and we will all do just fine. liz: well, we don't hold a lot of hope for congress in certain regards. i'm not one of these people that always beats up our lawmakers but they tend not to know a lot about the business. i hope they at least listen to

you although i tend to also believe these four will be looked upon as big thinkers who have helped make life a little simpler for at least some people. thank you very much. we will have you back again after all of this. big day is wednesday. charlie breaks it next. charlie gasparino coming up with a lot more, plus the baseball story that is unfolding as we speak. mlb, they are falling like dominos. 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: breaking news from the covid conundrum, also known as major league baseball. at this hour, espn is reporting that the baltimore orioles have left miami, a sign that not only is tonight's game versus the miami marlins canceled, but possibly tomorrow night's as well. the orioles are the fourth in a domino effect which began after 11 marlins players and two

coaches tested positive for coronavirus, causing the league to put the marlins season on hold. but the story branches further out. the philadelphia phillies game tonight versus the new york yankees, also not happening. the phillies had hosted the marlins this weekend and now the visitors' clubhouse is in need of a deep cleaning. fox sports' ken rosenthal reports every member of the phillies is now being tested this afternoon and those results will determine whether the yankees will be able to travel to philadelphia for tomorrow night's game. but at this hour, the cleveland indians are still playing. thank you, ladies and gentlemen. go, tribe. all right. as the mlb keeps a watchful eye on all things coronavirus, the referee of the financial world, the securities and exchange commission, looking at their own coronavirus related problems. but this has to do with fancy financial practices companies are possibly instituting amid

the cratering covid economy. to gasparino on details of how companies are i guess hoping to get away with some creative accounting? charlie: yeah, and the s.e.c.'s crackdown. want to make one comment on the major league baseball situation because i did a lot of reporting on the reopening. they were kind of prepared for this. there's tons of rules and regulations that they developed in anticipation for something like this happening. so just be real clear here, this is not something that should catch them totally off guard. they had preparedness, they had plans, just in case an outbreak occurred. that's why they keep testing players. so this is part of their protocol. their protocol, from what i understand, was hundreds and hundreds of pages. how they have to deal with this stuff. so you know, let's back off the condemnation of rob manfred, the commissioner. i see he's getting torched on twitter. liz: i never said his name, dude. i never said his name. all i said was that four,

because of one team, now four are on hold. charlie: i'm not blaming you. i'm saying i am seeing it on twitter. as someone who covered this, i can tell you they had a plan for this. it's draconian. you just basically quarantine players, but they did prepare for this. now let's get into something i think is big for investors right now. what the s.e.c., securities and exchange commission, that's wall street's top cop, the enforcement mechanism of the government against financial crimes in corporate america, on wall street, what they are saying is that they believe there is substantial covid-related financial fraud going on with public companies, that public companies are failing not to disclose properly the impact of covid on their earnings -- let's trace it back, sales, revenues, earnings. and they are telling the securities lawyers, now securities lawyers are these

private lawyers that work for big firms, they represent companies and big banks. they are telling them alert your customers, your clients that we are coming for them if they don't properly disclose. some of this came after commentary that jim chenos, a source i have known for years, one of the smartest guys i know in the securities business, has been pounding the pavement in various forms, basically saying listen, there's a gimmick going on. he calls it earnings before interest, taxes, deductions, depreciation and covid. what they do is they basically put in the impact of covid as like a threat, that is impacting earnings -- liz: sorry, charlie. we've got to interrupt you. the president is now speaking. he is at a plant where a covid vaccine or at least the elements of it behind the bill gates backed one is being developed. he is speaking right now about

the coronavirus. let's listen in. >> i'm therefore proud to announce that this morning, the moderna vaccine has officially entered phase 3 already and that's phase 3 clinical trials, the final stage before approval. there's never been anything like this in terms of speed, nothing even close. a second vaccine is likely to enter phase 3 in a matter of days under operation warp speed, we have shaved years off of the time that it takes to develop a vaccine, in some cases many years, and we've done it while maintaining the fda gold standard for safety. this is the fastest vaccine for a novel pathogen has ever gone, it's never gone like this, and if you look at where we are by phase 3, we could say ever gone by far. four additional promising candidates are expected to enter

final trials in the coming weeks, including the novavax vaccine being developed right here at this facility. it's an incredible facility. we are going to be making a tour in a little while. very complete tour with the folks that run it tand the peope that operate. we just completed a tour of fuji films innovation laboratories and that's going to be done higher level in a few minutes after i'm finished and i believe we will take a few questions, too. which we're carrying out a crucial biomanufacturing process needed to make the novavax vaccine. this production is made possible by my administration's $1.6 billion award to novavax as part of operation warp speed. it lets us deliver the final product in a time that never has been achieved anywhere at any time for anything like this. these same manufacturing processes are being conducted on

an even larger scale in college station, texas. today i'm proud to announce that hhs has just signed a $265 million contract with the fuji film in texas. a & m innovation center which is quite the place to dramatically expand their vaccine manufacturing capacity. want to thank fuji film's ceo for welcoming us today. where is martin? thank you. thank you very much, martin. really wonderful to be with you under these circumstances in particular with all the progress that's being made. as well as novavax ceo stanley erck. thank you very much. thank you very much for being here. thanks also to secretary alex azar who is with us, senator tom tilis, thank you very much. thank you, tom. stand up. good job you've done. thank you very much. really have. representatives richard hudson,

david rouser, mark walker, dan bishop and greg murphy, thank you. all friends, all warriors. lieutenant governor dan forest who is hear is doing a great job. where is dan? stand up, dan. great job, dan. really good. north carolina house speaker tim moore, thank you, tim. great job. and president pro tem of the north carolina state senate, phil burger. thank you, phil, very much. i appreciate it. operation warp speed is funding an historic portfolio of highly promising vaccine candidates in addition to our $1.6 billion investment in novavax. we have issued a $483 million contract with moderna, a $1.2 billion contract with astra-zeneca, a $465 million contract with janson and just last week, a $1.95 billion agreement with pfizer. tremendous progress is being

made with all of those great companies. a groundbreaking agreement with pfizer includes a guarantee to deliver 100 million doses shortly after the vaccine's approval, almost immediately. with the option to purchase an additional 500 million thereafter. not only is operation warp speed accelerating the development of a vaccine, we are also directing a colossal industrial mobilization to ensure its rapid delivery. nothing's happened like this since the end of world war ii. instead of the usual sequence of vaccine development, testing and trials, followed by production, our strategy is to conduct these phases simultaneously so everything goes at one time. we are not waiting and waiting and waiting. it's all going at one time. we have a system that has -- i think it's unparalleled, never been done before, but we suspect it's going to work and work very well.

we are mass producing all of the most promising vaccine candidates in advance so that on the day one that it's approved, it will be available to the american people immediately and we will probably have a lot for a lot of other people throughout the world. the world is suffering from this china virus. another dimension of operation warp speed is our focus on therapeutics to treat the virus. over 140 clinical trials are under way and a number of effective therapies have already been developed and widely delivered, including remdesivir which is having a tremendous impact. you see that with mortality rates and other things, statistically. dexamethasone, convalescent plasma and antibody treatments, we have numerous treatments right now that are under study and i think over the next couple of weeks, we may actually have some very positive answers as to that. on july 7th we announced a $450 million agreement with regeneron

to begin advance manufacturing of its antibody treatment which is currently in late stage clinical trials. late stage. due to the medical advances we have already achieved, and our increased knowledge in how to treat the virus, the mortality rate for patients over the age of 18 is 85% lower than it was in april. think of that. 85%. it's 25% lower than europe as a whole. in the middle of april, more than 22% of all deaths in the united states were attributable to the china virus. as of last week that number has dropped down, as of last week it's dropped down to under 7%. to decrease the turn-around times for testing, the first two laboratories have been approved to provide pooled testing. very important. in other words, samples from multiple patients are processed together. they are pooled.

pool testing will reduce turn-around times by more than -- substantially more than 50%. last week, our centers for medicare and medicaid services began distributing rapid point of care diagnostic test instruments to all of the nursing homes in the united states, focusing on the areas of greatest need which is our elderly and our nursing homes. what we have already sent includes testing instruments to 635 nursing homes for 196,000 rapid point of care tests. it's a tremendous amount. you will get your response and answer from five to 15 minutes. over the next three weeks, 1,700 nursing homes will receive an additional 800,000 point of care tests. think of that. united states has conducted over 52 million tests, more than all of europe put together times two. nobody's even close.

as countries go, it is as an example, india is up to 11 million tests. we are going to be very shortly at 55 million tests. india has 1.4 billion people. through our relentless efforts, we have completely rebuilt our stockpile which the previous administration depleted and did not refill. the cupboards were bare. i say it often. in total, we have now distributed nearly 100 million n95 masks, 35 million surgical masks, 15 million face shields, and much, much more. in addition to that, ventilators, the most difficult thing of all, we are now building thousands a month and we are distributing -- we have all we need in our country but to other countries that are in desperate need. other countries are having a tremendously difficult time with the virus. last week, fema sent additional personnel protective equipment

to over 15,000 nursing homes, including 643,000 pairs of protective eyewear, seven million masks, 34 million pairs of gloves and six million gowns. it's a lot. over the weekend, cases in florida, texas and arizona held steady and are now heading down. in arizona, they are heading very substantially down and rapidly. we have been constant and in constant communication with the states and are surging them resources when requested. they largely had what they needed but anything they need, we sent them immediately. we are totally full. we have everything we need. we get it to the states immediately. we get it to the governors. our relationship with the governors has been very good. these states are not out of the woods but rigorous compliance with guidelines should allow them to turn the corner very very quickly. we are working with every governor and health commissioner

across the country to bring a complete individualized analysis to each state as well as tailored recommendations. states are different. my administration is also closely monitoring the surging caseload in latin america, which is now the region in the world with the most active reported infections by far. due to the relative scarcity of testing in latin america, however, the region's reported number of cases is also likely to be dramatically undercut or undercounted and i can say that's probably true throughout the entire world. we report our cases, most of the world doesn't. they either don't do testing, therefore they have very few cases even though people are sick, or they just don't report it. given the reality of what we just said, we are focusing aggressively on the texas border and countries that we think have to be watched very very carefully because you have some very very highly infected

countries outside of our borders. i have spoken with governor abbott, terrific gentleman, and i can report that over 3,300 federal personnel are on the ground in texas. we have given them a tremendous amount of extra help including doctors, nurses, front line people. we have supplied texas with more than 2.5 million gloves, 800,000 goggles, 337,000 surgical gowns, 1.8 million surgical masks, 1.36 million n95 respirators and half a million kn90 masks. beginning this week, texas hospitals will receive 500 cases of remdesivir which has proven very effective, enough to treat 3200 patients. in addition to the cross-border spread, the stage of the pandemic is being fueled by

younger americans who generally have little risk of being seriously harmed by the disease but can spread the disease. we need all americans to be conscious about their actions and to exercise extreme vigilance. i trust all americans to do the right thing but we strongly advise everyone to especially, especially focus on maintaining a social distance, maintaining rigorous hygiene, avoid large gatherings and crowded indoor bars, and wear masks when appropriate. we also strongly urge citizens to take extra precautions to shield those at highest risk which are in most cases, in many cases, the elderly, especially the elderly with medical problems such as heart or diabetes. but you want to shield them and you want to guard them and you want to protect them from the virus especially, especially those that are really targeted, almost targeted, you could say,

by this horrible, horrible plague, this horrible epidemic, pandemic. america will develop a vaccine very soon and we will defeat the virus, we will have it delivered in record time as our visit here demonstrates and i want to thank all of the people and representatives from the great state of north carolina. this is a great -- this is a great place. it's a phenomenal place. we've had so many great meetings and such a great time. the drive and tenacity of your representatives and your politicians has been incredible. when they call, i'm there. when they call, most of them, many of them are sitting here right now, i will always answer their call. so thank you very much. i appreciate you being here with us. let's get on to a few questions. tremendous progress has been made and it's been made rapidly and it's been made in areas that nothing like that has taken

place before. so please, thank you very much. reporter: is today's event about giving americans hope, a sense of optimism? is that what you're trying to do? >> i think so but you know, there would be not that same kind of hope if we weren't doing so well. just before i left the white house in the oval office, we had a meeting with our doctors, scientists, some others, and they are making tremendous progress with respect to therapeutics. i can tell you therapeutically i think over the next couple of weeks we will have some really very good things to say. we are just having great answers. so it is about that. and it's also the vaccine that we discussed today at even greater length is just coming along really well. it's not just one company. it's many companies have had tremendous progress. that will be announced over the next very short period of time.

reporter: [ inaudible ]. >> i heard very positive things but by the end of the year, we think we're in very good shape to be doing that by the end of this year, we are -- in terms of the vaccine, i think in terms of therapeutics, even sooner than that. therapeutics meaning you go and give somebody whether it's transfusion or shots or whatever it may be. and they heal, and they heal quickly. we have had tremendous progress. we already have. if you look at remdesivir, you look at some of the other things, but we'll have some announcements on that over the next two weeks. yeah. it is hope but it's only hope because we've gotten such incredible results scientifically. reporter: [ inaudible ] russian president vladimir putin. i want toed aed to ask if you dg up reports of russia having bounties on our soldiers. >> we don't talk about what we discussed but we had plenty of discussion and i think it was very productive.

reporter: -- the v-shaped recovery is showing signs of moderating. do you think given what we are seeing with an increase in cases, that the recovery could be in jeopardy at all? economic recovery? >> i don't think so. i think the recovery has been very strong. we set record job numbers. we set record numbers. whether it's a pure v or a little bit less than that, i think it's going to be very good. if their put i crapeutically we with answers which i think we will, then you will have a tremendous recovery. likewise with the vaccines. if you do that by the end of the year, that's substantially ahead of schedule and it's ahead of anything that's ever taken place in terms of vaccines before. i think if those things happen, if just one of those events happen, you will go right back into that v. i think you are probably in the v anyway. i really do believe a lot of the governors should be opening up states that they're not opening and we'll see what happens with them. but a lot will have to do with the fact that therapeutically, i think you will have some

greategreat answers. in the back. reporter: now that you canceled the jacksonville portion of the rnc, do you think governor cooper made the right choice in limiting attendance in charlotte? >> well, we are actually coming to north carolina, as you know. we are having a very major, i guess that would be the nomination night. that's monday. that will be monday. they are going to be here. the rest we'll do in a different form. we could have done it many different ways but i think we did the right thing. i'm really happy that we are going to be having a piece of it at least, and a very important piece, in north carolina. yes, please. go ahead. reporter: your poll numbers suffered in recent months because of your handling of this pandemic. what's your plan going forward to prove to americans that you are the right person for this? >> i think the poll numbers are very good. the poll numbers we have are very good. we are leading in north carolina. we are leading in pennsylvania. we are leading in arizona. our numbers. we are leading in arizona.

we are leading nicely in florida. i think our poll numbers are very good. we are leading substantially in georgia. we get a lot of suppression polls, we get a lot of fake polls just like we have fake news. it's a terrible thing when you look at it. i had the same thing four years ago. i was losing everywhere. i had poll numbers where i wasn't going to win any state and i ended up winning every one of them. the swing states. i wasn't going to win any of them and i won all of them. i have the same thing this year, this year they have it even closer. they have it closer. but it's the same suppression type polls. we have polls that show me leading in almost every swing state. and substantially in other states, by even more than i won in '16. when you look at florida as an example, you have thousands of votes out of the ocean, out of the intracoastal. you look at other states where likewise you have thousands of boats and they are all waving

the trump sign, the trump/pence sign and they are so proud. thousands and thousands, you've seen it, where you have bikers for trump with lines that are miles long on highways going along on weekends. i think there's more spirit now than there's ever been for my campaign and that includes 2016, where obviously there was great enthusiasm, great spirit. we had great spirit. i think there's more today because what we've done, nobody's ever done before. nobody has ever rebuilt the military, cut taxes the most in our history, created the greatest economy we have ever had, cut regulations at a level that nobody's ever done, and all of these different things, the va, we got va choice, we got va everything for the va. right now they have a 91% approval rating in a recent poll. i was just speaking to the secretary. 91% in the va. that's never happened before. i think when people see all we have done, even space force. we created a force, an actual,

you know, army, navy, air force, marines, right, it's pretty amazing. coast guard. now space force. that hasn't happened in 75 years. what we've done working with some of those warriors over there, what we have done has never been done. if you look alaska with perhaps the biggest drilling site in the world, even ronald reagan and bush and clinton, everybody wanted to get it done. i got it done. anwar in alaska, possibly the biggest drilling site in the world. what weave've done has been incredible. recently it looked like the energy business was going to be a catastrophe. we were number one in the world, then we had the pandemic and nobody was using energy. nobody was driving in automobiles. no gasoline. by the way, gasoline prices for everyone are very very low, in many cases less than $2. that's pretty incredible. i saved the energy business. i got russia and i got saudi

arabia on the phone and they cut way back and we're now at $40 plus a barrel and we are saving tens of millions of jobs in energy. we're the number one in energy in the world. so with all that we've done, we made and brought this country to the greatest point in its history. we never had an economy like we had prior to the china plague or china virus coming in. we never had numbers like it. we are going to have them again. everyone knows, i'm going to rebuild it. i had to close it up, we saved millions of lives by closing it. if we didn't close it, you would have seen numbers that would have been 15 times what you have right now. one death is too much but it would have been 10 to 15 times, maybe more than that what you have. we closed this greatest economy ever, far bigger than china, better than china. china was having, by the way, the worst year they had in 67 years, tariffs, they paid us tens of billions of dollars. the worst year they've had, think of it.

in 67 years. we were having the best year we've ever had. i had to close it. now we're reopening it. next year we will be stronger. it will be the strongest year so far. thank you very much. i will be heading back. see you back at the white house. we'll take an additional tour of the facility with the great leaders. thank you very much to the people of north carolina. we love being here. thank you. [applause] liz: president trump sounds optimistic, he does have reason to be considering the two publicly-traded names, moderna and novavax are very, very close to the final stages of getting a vaccine tested. in fact with moderna which stock is moving higher. moderna is near, prepared to do a 30,000 person test for its late-stage trial here of its vaccine. as we are discussing this and as he was speaking, we watched a

couple of things happen. the nasdaq, looking very healthy right now, up triple digits, up about 1.7%. that is the real percentage gainer here. gold hitting a record high and continuing to move higher, $1954 a troy ounce. silver glittering to a new seven-year high, at same time stocks are continuing to climb. dow jones industrials up 10points. should you be buying stocks or metals at this record level. phil flynn, today's "countdown" closer, give me your thoughts especially with very optimistic news coming from the president who is at one of the locations where elements for the bill gates backed vaccine trial are really happening at a faster speed than we've ever seen for most vaccines? >> i thinks, liz, one of those rare combinations you can buy both and still be in good shape because there are reasons to be long both of them right now.

of the answer to that question is global economic stimulus. low interest rates, which can support both stocks and precious metals right now. if we get a vaccine, this is going to be explosive to the u.s. stock market, because when you have a bunch of stimulus to keep the economy afloat, keep things moving along, and you have an end endgame possibility of a vaccine is available next few months that will change the landscape and create bullish momentum. that doesn't mean precious metals are bad because look what we've had to do to get the stock market somewhere it is. unprecedented trillions and trillions of dollars around the globe. that will be very bullish for metal. liz: great point. >> this reminds me of 2008, 2009, when we zapped the economy with a bunch of stimulus around the globe. we saw both the stock market and the metals rally and that was

record high. yet one thing i think right now, take a look at silver. silver has been on fire the last couple days. if you compare record highs, record highs, the gold is there. the silver could have to double to get to that record high. silver still have some legs. silver can meet somewhere in the middle. that is good. look at gold miners, they're on fire today. if you're a miner, got to love it. gld doing good, harmony goldfields. liz: which one, phil, give us names? how about some names? hecla mining? do you like some other names. >> i like mining etf. i'm not a great etf guy. i like harmony. harmony, that's a great name now. goldfields are looking real good. old gld, a lot of people love. that it is one of most liquid of

all the etfs. heck you can look around your house and gold and earings. that might help too. [closing bell rings] liz: gotcha. phil knows when to stop talking when you hear the bell as clang. who knows what that bell is made of. let's hope solid gold at least for investors long the market. dow up 117 points. s&p up 73. metals that shine the brightest. melissa: president trump on the ground in north carolina. the president wrapping up a coronavirus briefing. he is about to tour a biotech facility involved in developing the vaccine. we'll bring you all breaking comments from the president this hour. i'm melissa francis. hey, david. >> hi, melissa. i have the wrong programing in there. i have to hand it back to you. go ahead. melissa: okay. you're in for connell mcshane. major averages starting the week off in the green.