you saw coronavirus cases, you saw a peak in coronavirus cases back in july, july 27. they're coming down. charles: we've got to leave it there and gary b., i have a note that says you are just scared to death so guys want to bring you back soon i wish we had more time gary, ryan thank you both very much two of the best folks in the business. speaking of the best here is liz claman over to you. >> liz: [laughter] oh, my new best friend, [laughter] listen, and i've got to tell you , you are the best when it comes to looking at stocks breaking it down for viewers charles have a great weekend, and meanwhile the love fest continues here right? breaking news, two big question marks are in play as we head into this final hour of trade. number one, team trump's attack on social media companies out of china, those are tiktok and whether the nations leaders can forge a deal for trillions of dollars of coronavirus aid by this weekend. a beat on the july jobs report

not enough to keep any of the majors in the green, dow and s&p are about to snap five day winning streaks while the nasdac which did hit a new intraday record earlier has now reversed and probably won't likely see its fifth straight record close still what a week its been for the nasdac. one of the top minds on wall street is here, to make sense of all of the market monster moves this week. from the tech rally to gold's jump about $2,070 an ounce and bitcoins come back, and we have a fox business exclusive you can't miss his perspective. telemedicine also in the headlines after president trump's executive order promising the government will pay for americans to use it, and the big emergencier of course but their competitor is a company that's smaller, and the ceo of dario health is here on the consolidation in the medicine world's new normal

and what his company does differently, it's a fox business exclusive, and the end of the pandemic lockup has driven people straight outdoors this summer, the vista outdoors ceo is here in a fox business exclusive on how his business is fairing as outdoor equipment flies off the shelves and they turn to a profit. we're less than an hour to the closing bell happy friday let's start the ""claman countdown"." breaking news, we have closed door meetings underway right now , on capitol hill. house speaker nancy pelosi and senate minority leader chuck schumer are meeting right now with treasury secretary steven mnuchin and white house chief of staff mark meadows. they're doing it this hour, the big attempt to bridge about a $2 trillion divide over covid-19 rescue money. today as you know is the informal deadline to reach

broad outlines of an agreement with deadlocks on aid to states and the renewal of supplement all unemployment benefits standing in the way. now, earlier, in case you're just tuning in, about an hour and a half ago, nancy pelosi announced that she had offered to meet team trump in the middle by lowering the democrats demands by a trillion dollars, if the republicans would raise there's by a trillion. apparently mark meadows said no, no way, no go, he dismissed the idea but we're going to let you know if anything breaks on this matt r but the negotiations are still in play. all right let's get to our pop stocks 10-cent the latest to feel the brunt of president trump's war on tech sector and earlier this morning, 10-cent was dropping 10% and right now it's off those lows about 7 one- third percent after the president issued an executive order banning any u.s. company or individual from doing business with the popular chinese messaging service wechat which is owned by tensent

and the order also applies to video platform tiktok takes effect in 45 days who knows what will happen but the executive order is rocking tensent's universe and the company has stakes in a bunch of other chinese firms which do trade here look at the names moving lower, you may not know them, you might have heard of jd.com, but they're all falling at this moments and and you can see too, down about 5 and three- quarters percent, billy billy down 7%. on one hand, rocket companies, parents of quicken loans and rocketer mortgage priced its ipo under the initial expectations but on the other it's just a huge hit with the robinhood trading set surging 20% on its debut yesterday adding another 9.7% to the stock as we head into this final hour. rocket companies now at $23.58. according to the parent company of quicken loans was the most-

bought stock on the robinhood app. from rocketing higher to plung ing down to earth, action camera maker go pro listen, its been a long go forgo pro but right now it's down 12.6% after a second quarter loss and then a revenue decline. the company blames the closure of retail stores that sell the action camera due to the pandemic, and a bump in the road for uber, the ride hailing giant , balancing a pretty dramatic fall out in its ridesharing business with yet another spike in its food delivery arm, right now we're down about 5.5% for uber technologies. now, besides the fact that here is really good news, 83% of s&p 500 companies beat their earnings estimates investors are climbing over each other to go into the market crystal ball. look at the nasdac.

nasdac walked four records in a row this week today hit a new intraday high and that doesn't look to close there right now because we're down about 124 points on the nasdac but yesterday for the first time ever the composite closed above the 11,000 mark. to the golden cross this week formed in the dow a golden cross occurs when the 50 day moving average trades above the 200 day moving average. all you need to really know is this is a bullish indicator for stocks and from the golden cross to actual gold, the precious metal, scaling to a new record close of $2,073 an out in early trading bolster ed by a weakening green back and then there's bitcoin. bitcoin has more than doubled from its march lows and at this hour the cryptocurrency is trading at 11, $490 a coin so with all these asset classes looking really buoyant is it smooth sailing ahead? joining me now, mike novagratz

founder and ceo of galaxy digital. these are all screaming signals that show that bull markets are in play in a lot of these areas but give me a sense right now of whether you agree. what's your stance here? >> well, it started talking about nancy pelosi and mnuchin doing their tango in d.c. the bid ask spread is 1 trillion to 3 trillion. let's remember a trillion dollars is a lot of money and that's 5% of gdp. 5% of gdp used to be the biggest deficit the country could even fathom, and now, we're talking about a 10 trillion, i mean a 10 % gdp, bid ask spread on the second supplement all budget and so we've gone into crazy land, and because of that there's so much money free and all this is being bought by the federal reserve. it's just pushing liquidity into asset play gold and bitcoin. gold and bitcoins are bull markets because people don't trust the currency, the federal

reserve or the fiscal discipline of anybody at this point, and so we're at a wild mark and we're early on quite frankly in gold and bitcoin, and in stocks it's a bubble. it's a speculative bubble when amazon is trading at 100 times earnings when wing stop which is a chicken wing business growing well has a $5 billion market cap , again another 80 times multiple on a chicken wing business, you know we're good. >> liz: [laughter] well, you're sounding like you feel that a lot of areas are looking rather bubbleicious. let me get to your call on gold. in early july you'd said gold would move higher and it has back then it was $2,027 an ounce and we're now at $2,070 announced just this morning where does it go from here if you feel that things are starting to look very frothy? >> well listen when things get

frothy they come off a little bit but like the money is not going away. we're going into an election, no one is going to say i'm going to be fiscally conservative in an election year so we got three more months at least of people promising the world. if the democrats win i don't see after all this time, biden saying yeah, let's make everyone pay for college and be tough on college loan, right? there is an impetus on the democratic side to be more fiscally generous. trump has proven the entire time absolutely to be a spender at zero chance of fiscal conservativeness so i think gold can go a lot higher. it's frothy now and we could have a little correction but 2,000, 3,000, 4,000, people are picking 2,300. once the market breaks new highs it's tough to predict where it can go, right? gold is about an $11 trillion

market cap. it's not going to go 10 times more that be the total wealth of america, but it could double. >> liz: mike can you stand by? i need you to stand by because you were just talking about schumer, pelosi and the possible trillion dollar deal. he's making comments right now. here is senator chuck schumer. >> they go up a trillion, from their top number which was one, and that way, we could begin to meet in the middle. unfortunately, they rejected it. they said they couldn't go much above their existing 1 trillion and that was disappointing. the bottom line is very simple. there were only really two choices. choice one. negotiate for them. there were only two choices for them. negotiate and meet us in the middle. don't say it's your way or no way, and if we do that we can accomplish a whole lot of things the other choice is for them to

do executive orders which by their own admission, they said it to us repeatedly is not close to as good. it doesn't cover opening of schools. it doesn't cover testing. it doesn't cover dealing with rental assistance. it doesn't cover elections. it doesn't cover so many things there's a long list i could go on and on and on. so we're asking them again, to be fair, to meet us in the middle, not to have my way or the highway attitude which they seem to have, and we can really get this done, because there are some areas where we didn't come to agreement on that many things, but we narrowed our differences and saw where each other was, so we're hopeful that they will think about it and come back and tell us they're willing to meet us half way. thank you, mr. leader. as you were speaking, and in these meetings, i always think about the children, when people

ask me what are the three most important issues facing the congress i always say the same thing, our children, our children, our children. their health, their education, the economic security of their families, the health and safety place for them to live and thrive and a world at peace in which they can reach their fulfillment. the first four of those are in this legislation. their health. their health. it's disappointing that now today marks the 12th week since we passed the heros act. central to it is how we can open our economy, open our school safely and the rest. since that time, 12 weeks ago, 3.5 million people had been added to the list of those infected, since we passed our bill. 3.5 million people and 70,000 have died. that same time, mitch mcconnell

said pause, he pushed the pause button, if we had acted in a closer time than so many lives and livelihoods would have been saved, so the health of our children and the health of our children depends on having access to food, and the millions of food insecurity children in america and that's one of the places where we had a big difference. we had $67 billion for food and utility costs and most of it food. they had $250,000, so we're far apart, yes. can we find some common ground? yes. can we cut back on our number? not cut back on the number of children who are fed, but for the length how long the legislation lasts. i'd just say that should give you an example of how far apart we are and how we can make a

change. our children and their education what is more sacred to us than sending our children in my case grandchildren now to school in a safe way. we all want our children to go to school. children want to go and be with their friends, parents need them to go so that they can go to work and teachers want to be honoring their have indication teaching children, but we cannot subject our children to risk of being sick, contrary to what the secretary of education said, if astronauts take risk why shouldn't children take risks so it's what we're dealing with and a proposal that they put forth, the money largely overwhelmingly going to schools that we're opening up, and while we're see ing most schools in the country are virtual or hybrid, some opening up, some undecided yet, because they want

to see how much money is there because it makes a difference how much money you have. now if it was interesting to them and they did not know that hybrid, virtual, some in person, actually and virtual cost about the same amount of money so why on earth was the president saying unless you take this money and open up we're not giving you this money so we have a philosophical difference as well as an amount of money difference. our children, their health, their education, their housing, how muching is such a psychological impact on children and their well being. millions of families actually by one estimate 12.9 million families face eviction, face eviction. the president may do a moratorium. it makes more than a moratorium. it takes money and they had to be convinced of that, so this

takes time. there are other things that the economic security of their families, economic security of their families and that of course is impacted by how much money we put out there for america's working families that is unemployed. very important to all of this , the health, the education, the economic security of our children, families, are the state and local governments. that's why we honor our heros with the sources that are there, healthcare workers, first responder, teachers, who meet the needs of people, whatever we do with education from the federal government is minor compared to what state and local government invest in education and you cut that you're cutting education. you cut access for the healthcare whereas millions of people will be fired

more than half million have already been fired at state and local level and expectation is 3.6 more so when we have these debates it is rooted in the well being of our children. the kitchen table issues of their families. this isn't about tax policy or whatever other kind of philosophical argument. this is about a safety net for our children just as we have a safety net for the markets. the markets are doing well, they have their safety net let's have that because this safety net is not just for the children. it's for our whole economic system. pay now or pay later we have to do so much more now. this morning was a disappointing i don't care what rose they try to pin on it, its got a lot of thorns and that's because 4 million jobs in june, 1.8 in

july, it's fading and the 4 million is and even the 1.8 are because of the major investments that we have made. we need to make more, everybody tells us again, pay now, pay later and pay bigger in terms of the health, the lives, the livelihood and the life of our democracy as distinguished leader has referenced. so, when we talk about this , this is about negotiating or leverage or anything. it's about meeting the needs of the american people. can we trim back some of the timing that goes for x number? we fully expect to be able to correct all of that in a short period of time anyway but i've told them come back when you are ready to give us a higher number if i just may for a moment, mr. chairman. we had two victories. last night we won in court on the attempts by the part of the republicans to challenge the

proxy voting here, they took it to court, we won that and then today, in the mccan case, there was a district court, where the whole court, it was 7- 2 in favor of the house having standing in order to bring the case. they were trying to defeat us on standing, and now that case will be heard. so we were pretty happy about our court decisions as we go along and i just wanted to share that with you. thank you. >> we'll take a question or two. what now? >> perhaps you missed what i said. i said come back when you're ready to give a higher number. >> in answer to your question we asked them had they talked to president trump about this. they said yes, but we said we hope he'll change his mind because we do want to come to an agreement very much so but it has to be an agreement that meets the needs of kids and not just basically my way or no way because we can't with that

number meet the needs of workers , of teachers, of schools , of all these things and even when they do if they do and they didn't mention it in the room an executive order that didn't come up, it's not going to be done in as good a way. you can't do unemployment benefits in as good a way as you can legislatively. you can't do payroll tax cut which even their own republicans are against, if you don't do it legislatively. all these things you can't do student loans, some forbearance, if you can't do it legislatures because you can't spend the money as i understand it. you just have to delay it. you think a small business person is going to want to pay 12 months or six months of payroll tax all at once, six months from now? so we were asking them, come back and negotiate but realize, the house is democratic , they need a majority of democratic votes in the senate. meet us in the middle. for god sakes please for the

sake of america, meet us in the middle don't say my way or no way, which is what they're saying they don't want to come off their number. >> and by the way, it's not a question of they had a good bill we have a good bill. no they don't have a good bill. they have a piecemeal bill but let me say this other thing. >> it can't pass the senate with the republicans. >> the republicans don't even support their bill for other reasons; however when you're having an opportunity like this to do something for the american people it's an opportunity, but we can't have it be a missed opportunity to do that by settling for something so low, so beneath meeting the needs of the american people. >> thank you. >> liz: senator chuck schumer and nancy pelosi, the two lead democrats in the negotiations for the next round of stimulus saying that the meeting with republicans was disa pointing

but nancy pelosi specifically said are we far apart, yes, do we have the opportunity to find some common ground, yes. it appears folks that part of the sticking point is money for schools. the president said he does not want to give money to schools that opt to open in the fall online only. so he only wants to give support money for schools that open with children inside the schools and nancy pelosi are saying millions of people will be fired if we don't pass the stimulus. they're about $1.5 trillion apart at the moment. let me bring back mike whose been listening step-for-step with me. let's translate it. she mentioned the market and said the markets have a safety net and the markets are now doing well and now the american people need a similar safety net what did you make of all of this and what does it mean for the market which is have paired their losses right now.

so we put a huge stimulus into the country when covid first hit so disposable income in the country is actually up in 2020 versus it was in 2019 that is a staggering statistic given the amount of people on the unemployment roles and a 36% fall in gdp, right? disposable income dollars and mom and dad and everyone has to spend is up from last year, and so that's why the stock markets up, we put so much liquidity the market is going up. i'll gladly pay you tuesday for a hamburger today. we're eating a lot of the hamburgers today. we are going to do another stimulus. this is democrat republicans, you know, and they'll come up somewhere. i think the republicans don't want the $600 additional unemployment because it discourages work and they're probably right there, there is probably somewhere in between but you're going to get a stimulus somewhere between 1 and

2 billion. >> liz: okay. well, guess what? now we've got treasury secretary steven mnuchin and mark meadows the chief of staff for the president let's listen in to the democratic side or the republican side rather. >> these are critical issues despite the fact that we had a very good jobs number this morning there's too many people out of work at no fault of their own, because of coronavirus, so time is very important. that's why we're here. we have schools that are getting ready to open. we have kids that need to be protected as they go back-to-school. i've reached out between yesterday and today to several democrat governors, several mayors to understand what the costs of schools are. i didn't yet call the republican , i'll call some republican states, the chief and i today. we want to make sure that the states have enough money to open the schools safely. i think as you know, we've allocated what was in the act

and added a little bit more money despite the fact that the democrats would like more money, we are speaking to the states to make sure that they have enough money. i've also heard from many schools and universities. they're worried about liability, as you know, it's very important that we have corona-related liability protection in here. now, the president would like us to make a deal, but unfortunately, we did not make any progress today. we discussed the same issues. we did come back up, we were requested to have another meeting and let me just say to the extent that they are willing to make new proposals, the chief and i will be back here any time to listen to new proposals, but we have asked them for a specific compromise on state and local and a specific compromise on unemployment. we have not received proposals on that. let me just say as i said before , i think there's other areas we have made a lot of progress on.

we know we need broadband for kids to be able to access who can't get in, i think we can reach an agreement on that. the speaker just mentioned food. we want to make sure that kids have food. we're not going to agree to long term policy changes, but the things that they wanted for through next year, through january we've agreed to, so i think there's a lot of areas of compromise. i think if we can reach an agreement on state and local and unemployment, we will reach an overall deal and if we can't, we can't. >> yeah, i think it's interesting just to hear the comments from senator schumer and speaker pelosi saying that they want a deal when behind closed doors, their actions do not indicate the same thing, and as we look at this particular issue the secretary is right. we've offered $105 billion for

children to attend school and the democrats said that's not enough at $915 billion for state and local that's where they were two weeks ago. today they're at $915 billion. now if you're talking about compromise even with their trillion dollar washington d.c. magical way of saying they are coming down a trillion they can't come up with any significant cuts in their bill. what they want is a $2.5 trillion blank check and i can just tell you the president has encouraged us not only to negotiate and as the secretary indicated to come back and negotiate in good faith but at this point, i'm extremely disappointed that we came up here today just to hear the same thing repeated over and over again, which is the same thing that we've heard repeated for the last two weeks.

>> so the chief and i will recommend to the president based upon our lack of act today to move forward with some executive orders and again, we agree with the speaker this is not the first choice, but people have run out often hansed unemployment so that is something we will recommend an executive order on and it relates to rental foreclosures we will recommend an executive order on that and also student loans, so it's going to take a little bit of time for us to finalize and process them but we'll do them as quickly as we can because the president wants action and he realizes again despite what was a big pickup in jobs there's still too many people that are impacted by this >> [overlapping speakers] >> if you are willing to talk about roughly $2 trillion -- >> they didn't say that. i watched it they said come back with a different offer. they aren't at 2 trillion, and -- >> you're talking about you

guys coming up? >> let me just say again what i would say is theres both a top line issue but also policy issues. i think again, let me just emphasize, i think there are areas where there is broad bipartisan agreement. it doesn't mean that we finished all those areas but whether it's the ppp, whether it's other areas, again on the school issue , we have a broad understanding of what we want to accomplish. we're still going back and forth on some numbers and we're going to be fact-based as i said we're reaching out to states to make sure we have good number, but at this point we're going to recommend to the president that over the weekend we move forward with some executive actions. >> would the number be 600 or what can people expect? >> again i think as you know we've made a compromise offer on ui as part of the legislation i think it's a very fair proposal that covers the issues

and again we have been willing to compromise on ui. we've been willing to compromise on state and local. we understand, there are workers in state and local governments, there's firefighters, there's police, there's first responders , there's people who in hospitals that have been working around the clock because of this virus and we understand we need to pick-up those costs, so again it's something we're addressing. >> yeah, i think probably the other thing that is fair to point out is where we hear this compassionate talk, the enhanced unemployment has expired. the democrats have had an opportunity multiple times to extend even what we're doing right now and they have consistently said no. where is the compromise in any of that. it's important that as we look at this , and the second was right. they made no offers as it relates to enhanced unemployment and they've made no offers as it

relates to state and local funding, both of those are still where they were two weeks ago. >> and we are very flexible if there's area of agreement that we can agree on past legislation and come back to the areas outside of that we'll do that. we want to move forward for the american people. >> it seems just listening to what you guys have said the past two weeks been saying the same thing respectively, the negotiations have been in the same place for two weeks it's not going to be a bill at this point. you guys will concede that based on logic -- >> i don't want to jump to conclusions. what i will say is let me just say in all fairness, we have cataloged a lot of issues so there have been times we've gone through, we understand their area, they understand us, there are areas i'm very confident we can compromise and reach an agreement. she's not willing to do a partial deal. again i don't want to speculate

as to whether there is an agreement or not. we will continue to try to get an agreement that's in the best interest of the people, and that's why we're here. >> but in the meantime we're going to take executive orders to try to alleviate some of the pain that people are experiencing. this is not a perfect answer. we'll be the first ones to say that, but it is all that we can do and all the president can do within the confines of his executive power and we're going to encourage him to do it. >> will it go into the cr, or do you anticipate this will roll into next month? >> i don't want to anticipate anything. >> again we're open to listen, to new offers, again if they have compromises on ui and state and local, we're ready to be here to negotiate. >> [overlapping speakers] >> liz: well they aren't exactly walking away from the table from the democrats, but treasury secretary steven mnuchin was very clear in saying, "we made

no progress today" but he did also clarify that they've come together with the democrats on multiple issues in a broader sense, such as money for the schools, like money for broadband, to make sure all children have access, money for school food, et cetera. he did recommend, however, that there should be an executive order by the president on specifically rental, he called them rental foreclosures, it's basically evictions. right now there's a moratorium on landlords evicting renters but we have shown you a bunch of numbers here and it looks like if we don't get a deal there could be mass evictions and that of course as we know leads to real pain around the world, and around the united states of america. to charlie gasparino whose been listening, what is the next step its got to be multiple eos, executive orders, charlie. >> charlie: we had heard earlier, my producer and sources close to the white house heard that the executive orders are coming down the pike. we actually heard that trump

might sign a couple tonight, so you know, stay tuned, later on today, he's been doing, he signed those executive orders on tiktok and wechat as you know last night so some of the stuff could come down tonight and they are pretty convinced they have a very strong hand meaning the white house is convinced they have a strong hand. pelosi wants $3 trillion. that's a blowout number. it's unclear if the american people support that type of spending. the economy is not great but it's obviously getting better, with all of the stimulus we already have in the system, and there is, you know the administration i think feels pretty confident that it's in a no-lose situation if they do an executive order that extends unemployment insurance. they are in a no-lose situation if they do an executive order that does a payroll tax holiday and they think the rest of this

looks like washington, so they feel like they at least that's what we're getting today. we'll see what happens tonight and see what happens off the weekend but they feel like they have a really strong hand to do these things, and i don't know how strong a hand legally they have. you know this is obama's daca executive orders are kind of like with their model. so remember those were i think later voided by the supreme court, but initially, they were allowed to stand so i think we have something they are looking to do something along those lines here, but it is fascinating, you know, that we're still talking about this. you know initially, i was reporting that a lot of people thought these stimulus last stimulus round would bleed into september, then it looked like it would happen in august, we're getting on in the month here, so they got to do something or else this is going to be put off. the one thing i will tell you is

the unemployment today of 10.2%, again not great, but we have a lot of pain in this country but that's giving the white house they feel like they got a little in that. i want to switch to tiktok because it's such a big story and we've been talking about it every day and last night donald trump put out an executive order that basically said and it was like some weirdly written at least for me and i know people that are involved in this deal, the microsoft potential purchase of tiktok that all the people involved are still trying to figure out exactly the legal ramifications. on its face, it says that you got 45 days to find a chinese buyer or else you're done but if you read the exact language, it suggests that -- >> liz: right i noticed that. the exact language is a little sketchy he said firms will be barred or restricted from using wechat and tiktok for

transactions. charlie: what does that mean? i mean okay, so it sounds like you might not be able to buy it, it kind of sounds like that but does that mean you can't get an app on the apple app? >> liz: or tiktok on youtube? charlie: yeah and i don't know, i don't have tiktok maybe you do liz, that be for short music video. >> liz: i don't. charlie: but isn't it for free? it's a free app isn't it? >> liz: of course. yeah. charlie: so you don't really transact in a traditional venacular, where you have to pay. you just download it and maybe that's considered a transaction so this is what has everybody confused and again liz i'll tell you this i told you this yesterday and the day before. microsoft clearly is interested in buying them but we are in the fifth inning of this thing, microsoft is looking at whether it makes sense to buy the u.s. and australia and

various parts, do they buy the whole thing they are putting this together how they integrate the computer systems of tiktok, with their systems. i mean if anybody could do it it's microsoft. we also hear they are looking for potential partners, general atlantic, who are huge investors and through tiktok, are they want to stay the deal, private equity might get in. we should point out that general atlantic has a lot riding on this. they were the ones who put in kevin mayor as the ceo of tiktok so bill ford has a vested interest to make sure he is invested and it is a good move and he's a smart guy. i think if bill ford, he would like kevin mayor to stay because he gets the business but bill ford may not be part of this deal. we don't know but so there's all these question marks and it's something that and it's a huge story, because it involves microsoft stock, strategic

vision, it's a popular app, geo politic, technology, surveillance, you name it. it's all here and we're going to be covering this more than just today that's for sure. >> liz: gotcha, charlie thank you, and guess what? i guess markets are trying to come back dow is down now just 12 points. 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.

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>> liz: well how about this , check out the intraday the dow has just for the first time this session turned positive, we do have it now going slightly down about seven points but for a second there, it made a move for the flat line. we're watching, we're watching every tick of this we know we have either grid lock or slight compromise on capitol hill, maybe a little bit of both so as

we continue to see a little bit of red on the screen today the pandemic has turned legions of city slickers into the outdoorsy types. check this outlast week alone online sales for sporting goods products spiked 94% according to a new report from bank of america but if you own this stock you saw that coming. shares of vista outdoor the name behind camelback and golf and shooting sports equipment have climbed 180% year-to-date and after four years of losses, just now swung to a profit. vista outdoors ceo chris mets joins me now in a ""claman countdown"" exclusive and so many ceo's are grappling with a complete opposite and swung to a loss so when did you start to notice people were snapping up your camping products? >> well liz thanks for having me on today and we had a terrific first quarter with our sales being up 10%

year-over-year and our digital online sales being up over 40% and as you said we swung to a profit of $0.69 per shares versus a loss last year, so very happy to be in this position, and we've kind of saw the trend coming about six to nine months ago and as we moved into a shelter in place we happened to be trend-right, and happened to be a perfect anecdote for social ly distancing exercise >> liz: well, let's talk about golf. you make golf equipment out of your 50 brands under the vista outdoor umbrella. talk about golf because i remember early on, robert wolf, who is one of our contributors, had said i'm doing socially distanced golf this weekend trying that outback in march and i thought oh, wow that's interesting but that appears to be a very popular sport reit now because it's in the outdoors, people can take it up, it's a hobby, and yet they can stay distanced. >> liz that's right and so golf

happens to be one of the handful of platforms that we're in that allows socially distancing exercising and so we just introduced probably the hottest product in the golf industry today, which is the wing man, which allows you to socially distance while also listening to muse being, its got a gps unit built into it that gives you yard ages to the green and to the flag stick, so super exciting product that allows people to socially distance, but we're also an outdoor cooking, which is a terrific trend and we also happened to be in the ski and bike helmet and apparel business which is on fire right now as well so we're very happy with the position that we happen to be in. >> liz: thank you. we're so happy to see when companies can finally find their footing you're one of the silver

lining stocks thank you so much, vista outdoors ceo, and we'll see you next time please come back because we want to follow the projection and the trajectory of this trend and see if it continues once we do hopefully see a vaccine and do you know what folks by the way the coronavirus pandemic is also creating an explosion in the telemedicine world as patients eager to avoid hospitals because so many coronavirus patients were there, jumped on their phones for face to face doctor consultations. that boom triggered a blockbuster acquisition this week when telemedicine front runner teledoc snapped up a rival levongo. while shares are still up about 370% year-to-date they did spike wednesday on the announced deal but at this hour they're down 9.9% and look to close down on the week. we did notice a different story with dario health which focuses on medicine for chronic conditions like diabetes so a smaller name but the stock a

steady climber all week long as investors look to the future of medicine and maybe more acquisition activity, and now we have a fox business exclusive, and what did you make of this consolidation and where do you stand with dario health in what makes you different and separates you from the pack? >> hi, liz thanks for having me here today. yes, so with the tele doc med is very exciting and i want to congratulate the shareholders of both. i think that the chronic condition management is something that livongo wisely was investing in and they did a tremendous job creating a market here while teladoc recognized that all the market is going through and eventually in order to treat chronic conditions, it's very very important to

surround the user 24/7 and digital solutions and digital therapeutic solutions such as livongo is a solution for chronic condition management and i think that this is the first of many transactions and mergers that we're going to see in the space of digital health and digital therapeutics. >> liz: well would you be open to that and i know you're about to report numbers in a couple of days, so i know you don't want to get too specific but if another larger company came in and wanted to swallow you up would you go for that? >> yes, so i think that we build a very very compelling solution and we have more than 50,000 users that are happy. actually we are top-rated in the app store and our net promoter score was 77 so i think that we did a very good job by creating a good solution that's showing that we can improve outcome and we can have local money to healthcare and get tech users and it's yet to be seen what we're going to have but we

feel we are in a very good spot, growing and creating a market share here in the u.s.. >> liz: this week, president trump signed the executive order involving telemedicine in essence saying he would permanently expand benefits for medicare patients, meaning pay for these things, and i look at the future of telemedicine and there was so many battles during obamacare about what was the one magic element that would finally bend the cost curve of health care which has been parab olic for many many years? could it be telemedicine as the costs come down? >> yes, so we are part of the digital health and digital therapeutics for the last 10 years and we have been there for a long time, and build very small technologies and i can tell you that the last five months they are big in terms of the transformation that we feel a lot of the deals we were

trying to cut for a lot of period of time we feel that we are getting there and this is a very good signal from the white house that understands the importance of virtualization of the healthcare industry and we see those in the private sector, by a lot of private companies that are adopting the solution, so their intensive growth is one indication and we leave we'll see more indications from either companies smaller than livongo that we are in a very very special period of time when we see a huge transformation of the space. >> liz: well, your stock is up more than 3,000% year-over-year and i know that a lot of diabetes sufferers are people who depend on you, because as we were just showing in that video, they're the ones who can actually benefit from what you do and other chronic issues on telemedicine. great to see you thank you very much, dow jones industrials now

more firmly in the green here, up 34 points with the closing bell ringing in nine minutes what a crazy week we've had, right? stocks overall are surging to session highs, the russel is positive, the transports are positive, i don't, i can't really see the nasdac just yet but when you see what we're see ing at the moment there you go with the s&p barely barely down one point we're going to maybe see a move in the last couple of seconds here. nasdac down about 111 though. the pandemics work from home environment has fast-become the new normal. we talked about that but today's countdown closer has some etf's for you that he says have a long tail that can cash in on the covid crisis behavior that people have now adopted. mainly, working from home, and getting into tough colleges and universities like mit pretty much an impossible task so how did two teenagers from a war

torn middle eastern country get noticed and accepted to mit? meet the man who helped them do it, he's a former deloitte consultant whose seeking out, rooting out brilliant students in conflict countries like syria and giving them a shot at attending the top colleges and universities around the globe. george's story of how he found the american dream, from the same country, and now, instead of just going off to seize upon the money he can make he's passing the torch to others just like him. it's my new everyone talks to liz podcast episode check it out spotify apple google fox news .com we're coming right backst don't go away. all with no commissions. stocks by the slice from fidelity. get your slice today.

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♪ ♪. liz: all right, folks, let's call it three and a half minutes left of trade, if the dow and s&p can stay where they are in the green even though the s&p is

up one point or so. that would mean five session straight to the upside, nice when straight there, you can add one day from last week, that would be about a six-day windstream, although it does look like with the nasdaq done 99 points, for straight record closes, that streak will end right there. for the week, really good story, if you are a bull, you are cheering on this friday afternoon, all three embassies are set for decent gain fear, then our 3.8%, s&p up 2.4 and the same for the nasdaq for the week up 2.4. let's look at facebook, it's in the green about 1%, this news came up today, the silicon valley giant is extending its work from home policies, not just for december before the summer of 2021, they are also offering employees $1000 for their home office needs as a work from home trend continues to keep speeding along, their

etf's for that and more companies follow the facebook motto, let's bring in todd, he knows a thing or two about etf's and he is a c fra a mutual fund research with about 38000 eta etf's. but todd, how do you capitalize if you want a basket of all these names and people are going to work from home for months to come. >> we've identified cybersecurity and cloud computing is to have the major themes that are connected to this and then there's an etf that combines those two and a few other things like document management or work from home, the cloud computing etf is co l you, this is a global etf, you get exposure to companies like netflix and salesforce that are more well-known with companies like b scale that are inside the portfolio. high-growth companies that are

benefiting to work from home through the etf clo. connell.liz: a lot of good name, you know that people will be capitalizing on work from home by using those names, that has a nice move to the upside for the year, it's about 48%, up 41% year to date, work from home, wf h, i remember when this launched recently, a younger one, it's down today but what is in there that you feel does not scale what you birdie talked about with cielo you. >> cielo you is cloud computing ending they have cybersecurity, it combines those two things as well as document management and remote communication. four different colors so to speak of the work from home environment so large-cap companies that are within the

portfolio as well as up-and-coming that are more dedicated to the space, it's a new etf and it's approaching $100 million already. liz: great to have you, what a week, we close out friday with again for the dow, maybe for the s&p, two points, have a great weekend. ♪. connell: it was described as a disappointing meeting on capitol hill moments ago, the stimulus negotiation seemed to unravel with top white house officials and democrats not reaching a deal as we head into the weekend. with that the panel actually closed ready closed with ties for this friday session, get to be with the arm connell mcshane. melissa: hi, happy friday, i am lauren simonetti and for melissa francis, this is "after the bell". the dow turning positive in the final minutes of trading, the s&p 500 fighting for gains in the end, the nasdaq lower after hitting an all-time high earlier in the day and snapping a four-day record