tiktok. charles: we will see. i don't know. i have it on great authority that microsoft is in the lead and perhaps it's a done deal. i don't know. liz claman, someone had amazing breaking news on that, an exclusive earlier today. liz: well, yeah. we have even got more on that and yeah, sorry to your guest but it does look like it's microsoft and not oracle. indeed, charles, thank you so much. breaking news. as we head into what's been a rocking hour of trade, microsoft is actually now down after hitting a high after sources familiar with bytedance negotiations to sell its tiktok u.s. assets reveals to "countdown" the up to the minute state of play in microsoft's pursuit of social media's most talked-about name. we've got more breaking news that's coming right up on that story. from the race to buy tiktok to the race for a covid vaccine, as biotech's biggest names from novavax to pfizer to jnj hit the gas on their hunt for a covid

killer, a fox business exclusive, this is really interesting, with the ceo behind the public company that owns the rooms where it's all happening for these vaccines. a vaccine not coming soon enough for new york city. times square still without its throngs of summertime tourists. in doughnut world, you go big or you go home. the ceo of krispy kreme takes us behind the scenes of his flagship store. the s&p getting an all-time high. it just needs any gain whatsoever. we are just at the flat line at the moment. the dow up 47, looks to snap a two-day losing streak. plus could housing be too hot to handle without more stimulus? apple now truly in a club by itself. less than an hour to the closing bell, let's start "the claman countdown."

liz: breaking news. microsoft not oracle is and will be the company to buy tiktok's u.s. assets and a binding deal will be signed by the september 15th deadline imposed by president trump. in a fox business exclusive, sources close to negotiators at bytedance, the chinese parent of the wildly popular short form video app, tell me quote, if september 15th is the bottom of the ninth, talks with microsoft are in the top of the seventh inning and that microsoft's head start in expressing interest in tiktok has given it the momentum in holding the lead. these sources are also telling me that while a deal, a signed deal, whether that's a long form agreement or perhaps a shorter detailed sheet, will be complete by the 15th, that of course being the day president trump says he will ban the app unless the u.s. assets are removed from chinese control, the actual close of the agreement could take another three months due to

the complicated technical nature of such a transfer. the deal would include tiktok's new zealand, australia and canada divisions but my sources are telling me quote, the uk assets won't be. quote, we don't want to sell tiktok uk. now, while neither tiktok, microsoft or oracle had comment, immediate comment, i'm told oracle with a much smaller $174 billion market cap versus microsoft's $1.3 trillion, would have to possibly partner with bytedance investor sequoia and general atlantic partners in order to even get to microsoft's level. so that's why, you know, oracle isn't really that lead horse, but it is definitely a real offer. that is it. like a real interest that oracle has. although president trump considers china's ownership of tiktok a national security risk, he expressed support for oracle ownership. bytedance sources tell me quote, remember trump also said he supported a microsoft purchase

so it's really just equal there. a successful completion of an on-time sale of tiktok may ultimately lie with tiktok's ceo kevin mayer. media sources familiar with mayer's deal making expertise tell me the former disney exec will be the key telling me quote, no ceo has ever been put in the cross-hairs so quickly by a u.s. president who demands the sale to a u.s. entity and that trump is quote, lucky there's a deal maker like mayer in the chair. coming up, michael nathanson on the biggest challenges any suitor for tiktok faces and what advantage owning tiktok could bring to whoever wins out. all right. s&p just sitting there on the flat line. that's why we have it on the lower right hand part of the screen for you. apple, let's get to that. apple is now the disputed -- undisputed king of the u.s. stock jungle. just before 11:00 a.m. eastern time, the tech behemoth crossed the $2 trillion market value

line, becoming just the second company ever to hit that milestone. the first being saudi aramco in december. apple is the first u.s. company to reach this mark but to stay there, it needs to remain above $467.76 a share. it currently stands just below that at $465 and change. shares, though, are up 110% since the pandemic woes. unbelievable move for apple and historic day certainly for that company. all right. it's a tale of two retail earnings reports. first up, tjx company, the parent of tj maxx and home goods and marshall's report sales fell 31.8% last quarter, because many of the company's stores were closed for a third of the quarter. the forecast doesn't look too bright. tjx says it's planning for its open only comp sales to drop 10% to 20% in the third quarter. shares are down 5.6% right now. but target reporting gangbuster

numbers, with comparable sales spiking 24% in the second quarter. the biggest highlight, listen to this, you guys, digital sales were up 195% from the same quarter last year. shares, no surprise here, spiking 12.7% in this final 55 minutes of trade. so no question, the stock market has sported a v-shaped recovery, right? take a look at the year to date comp chart for the major averages. nasdaq, that's the red line, doing the very best with fresh records but even the dow is clawing back to where it stood at the start of the year. you do have to wonder, considering the target, walmart and lowe's amazing numbers out there, how brightly the stimulus checks might be coloring some of these stocks. you know, you got to wonder, right? in multiple rounds the u.s. government has offered more than $2.7 trillion in stimulus. walmart even credited stimulus payments for the boost, citing parabolic online sales of 97%. home depot says purchases

exceeding $1,000 per ticket were up 16% in the last quarter, just as many americans started getting their $1200 stimulus checks. but the big names and even walmart warned that stimulus can't last forever. let's get to the floor show. should we listen to walmart which basically warned don't get too used to these blowout numbers, teddy? >> well, i don't know. you walk around new york city, i have been away and am back now, every other store seems to be closed. on the other hand, the big winners clearly are the big box stores like walmart, like home depot, like tj maxx. the consumer is basically trapped at home and they have the stimulus money. they only have two choices in terms of spending it. stick it in the bank and savings is way up, or home improvement. the big companies that have the online offerings to go along

with the product offerings are just hitting the ball out of the park. we see that with the earnings just today. liz: yeah. and target, best buy, macy's, seeing the gains here. walmart down, maybe because it was just honest out there. we've got lowe's following in walmart and home depot's footsteps as well, reporting website sales up, what, 135%. revenue up 30%. the company says it spent nearly half a billion on higher pay and supporting local communities through the pandemic. is scott there? can we get scott there? >> i am here, liz. liz: okay. okay. so then we've got housing related to the lowe's and home depots of the world. is it red hot despite the pandemic or because of the pandemic, as people are really pouring a lot of money and effort into their homes? on the phone: that answer is yes and yes. the troubling thing about it, liz, is without more stimulus, i

think many of these high flyers, even the walmarts, even target, home depot, i think they are going to suffer moving forward. because you look at what the government did in the stimulus, you look at the money that they put in people's pockets and much of that money went to pay bills and much of it went for consumer discretionary. without that again here, that is my concern is that many of these companies are not going to be able to even come close to replicating what they did over the last quarter or two quarters. you know, in fact, the fed came out earlier today and said they saw this sizeable increase in consumer spending because of the stimulus. so if we don't get another stimulus package or if we get one but it's, you know, a fraction thereof of what we had, and we don't get a reopening, we all want that vaccine, we all want therapeutics so we can get reopened but if we don't get that, i think a lot of these

businesses are going to be in trouble. liz: yeah. you know, i will say this. that moment that a viable vaccine is put out there and announced will be a fascinating moment for the stock market. people will either sell on the news or we will see a huge massive move in the markets. it's hard to really determine what we will see. teddy, scott, thanks so much. you guys may get to witness an s&p record once again. s&p is up just under one point, folks, with the closing bell ringing in 51 minutes. dow is holding on to gains of 54. yeah, you know, we are looking at the nasdaq, trying to keep above the green line there. we will keep our eye on that, too. we got to look at goodyear shares getting blown out by president trump's call for a boycott of the tire maker. the president apparently upset by reports goodyear workers were being told they could not wear political clothing, including the trump campaign related phrase make america great again.

despite goodyear saying those reports are misconceptions, shares are still down about 2% to $9.53 a share. the 2020 battle's not stopping there. the democratic party's biggest guns yet about to take center stage tonight as both parties zero in on the swing states. up next, we are taking you live to the heart of one of the biggest battlegrounds of all, pennsylvania, next on "the claman countdown." hey, can i... hold on one second... sure. okay... okay! safe drivers save 40%!!! guys! guys! check it out. safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! he's here. he's right here. - hi! - hi. hey! - that's totally him. - it's him! that's totally the guy. safe drivers do save 40%. click or call for a quote today.

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liz: to the race for the white house. we are now less than seven hours away from a major moment in the history of our nation. vice presidential nominee kamala harris expected to speak tonight at the democratic national convention. she is the first black woman and the first person of asian descent on a major party ticket but she's not the only big gun on the schedule. tonight's speakers also include joe biden's former boss, president barack obama. massachusetts senator liz warren. and president trump's 2016 rival, hillary clinton. one place you know folks will be glued to the tv, the suburbs in the all-important battleground state of pennsylvania. connell mcshane live outside of

philly in westchester, p.a. connell, what are you hearing on the ground there? reporter: a lot of biden support in this area which isn't very surprising, liz, when you look at the trends of how chester county has been going in recent elections. there was a fox poll that pointed out the support the former vice president has not only among suburban voters but women voters in this state that came out in late july, up 26 with suburban voters in pennsylvania, up 17 with women voters. i would say anecdotally that tracks pretty well with the voters we are speaking to here in this area. it's a wealthy area, it's been going more blue than red in the last decade plus and there's a lot of anti-trump sentiment around here. >> we need leadership and we need somebody with just empathy that can relate to people. i have never once felt that he's ever been able to relate to me. >> i don't appreciate his character. i don't appreciate the way he goes with race divisions. i think he says he's for small

government and he isn't. reporter: the problem for biden or the challenge is not necessarily winning in a county like this, it's by how much. hillary clinton won four years ago in chester county but donald trump did so much better in other parts of the state that he ended up winning pennsylvania overall. that's why we asked some of the voters we ran into whether they were voting for biden or against trump. >> i would say it's as much a pro-biden vote as it is an anti-trump vote. >> no, it's more than just anti-trump. it's hard to differentiate at this point in time. >> he's the only one running against him. i mean, we don't really have much to choose from. reporter: just to wrap things up, we are driving later tonight when we are done here in chester county to the north and to the eastern part of the state. we will end up in joe biden's hometown of scranton tomorrow. that's in lackawanna county which is opposite from this part of pennsylvania because here, this was republican for many years then as i said it started to shift more to the left.

in lackawanna county, you have the pro-democrat union vote that dominated for years, but then they shifted more to the middle. as an example, barack obama eight years ago won there by 27 points but hillary clinton only won by three. curious once we get up there to see how much trump's support is still there or maybe building from four years ago. such an important state. liz: oh, yeah. in philly, aren't the sixers playing tonight? i'm not sure. don't quote me on that. they are in the playoffs here. it will be dueling television here. connell, thank you very much. connell mcshane. live from pennsylvania. key battleground state. with the closing bell ringing in 48 minutes, dow has just cut in half its gains. still up 22 points and 800 points above the 27,000 level. s&p has turned negative. again, i remind you guys, you may witness another record close here. any gain for the s&p, we have seen that multiple times today,

would be a new historic move. we may still be a month away from the official start of fall but dunkin brands already ahead of the trend, releasing its signature pumpkin spice latte and fall menu today. this is the earliest dunkin has ever released its seasonal offerings. rival starbucks has yet to announce when its famous psl will be available. dunkin's other rival krispy kreme gearing up to turn on the lights at its flagship times square location next month. but after months of delays, how will this new 24-hour location keep the visitors coming while tourism remains low in new york city? we have the ceo about to give us a tour of that new store next on "the claman countdown." 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.

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liz: the grim retail reaper rearing its ugly head in san francisco. the gap has thrown in the towel on three of its stores in its hometown, including its market street flagship store. stock is down about 1%. the parent of old navy now pretty much looking to build up its online business. san francisco, not the only big city taking hits. the "new york post" published this op-ed this week in which the author proclaimed quote, new york city is dead forever. okay. just stop. first of all, can we just tell him to stop? it's not dead forever. but the pandemic fear factor's not enough at all thankfully to scare away one national chain ready to make a very gutsy move. to times square live now and new doughnut wonderland krispy kreme where the ceo michael tattersfield is joining us. show us around. just as mcdonald's has closed

one store on 42nd street and others are fleeing, if you believe this op-ed, you are diving in with arms, head, feet, the whole thing. >> yeah, we are. we strive to be the most [ inaudible ] brand in the world. as you can see from our new flagship here in times square, it's amazing. it's incredible. i even think you can see behind me, i walked in for the first time since it's been finally completed and even i was like wow. it's the world's largest, biggest water park. you got 380 dozen doughnuts per hour. that's like 4500 doughnuts. that's a lot of doughnuts, right? it's really really interesting. the shop will be open 24 hours

so the light will be on 24 hours. you can get your glazed doughnuts which are fantastic. it's amazing. i'm so proud of the new york team. we built this during the pandemic. liz: i see that. was there any point during the pandemic where you as the leader of a company which probably like all companies had to at least preserve cash, was there any point where you said you know what, we might have to pull the plug on this? >> let me give you a little bit of background as to how, why we are still bullish on new york. first off, we have been in new york since '97. it's one of our highest performing shops. the only thing that we really did in the pandemic was switch the opening of the times square location from may until september. but we opened up four other shops and they all did well during this time frame.

we learned all about our safety procedures and we learned everything we needed to do with customers and how we can also figure out how the business, we are an omni channel business so how do we migrate to that and where the customer wants to be. not just new york but even national, one of the first things we did in march, we actually kind of put our marketing calendar aside and really started to focus on acts of joy, and you know, we did a health care monday where if you worked in the health care industry you were able to get as many doughnuts as you wanted on that monday. we did other events for the neighbors and family, you buy two dozen and it's a field box you can drop off to your neighbor and a couple other events for seniors and high school. we gave away 29 million doughnuts, to give you an idea. that stimulated a lot of marketing.

liz: well, i think that doing good is good business. but michael, our fox business studios are literally around the corner and you can't walk ten feet without tripping over a dunkin or starbucks. my question is how do you lure people, aside from that very attractive fresh hot doughnut sign that always brings me in, that's for sure, how do you lure people away from starbucks and into the krispy kreme store? >> again, we are a doughnut shop, right. we are pretty unique in what we do but we also think of ourselves, you know, the business isn't just a restaurant or only a retail shop. we actually, we make doughnuts which we can translate or deliver to our fresh ups which are another part of the city. we bring our doughnuts to the wholesale chains which we just announced a deal with duane reed and we continue to build other

growth areas for business such as delivery, such as gifting. so there's a lot of access for the krispy kreme doughnut. there's a lot of reach for us. what we are trying to do is how do we reach the customer base. it isn't about the number of shops. in fact, in the u.s., we only have 400 locations. so we are pretty disciplined -- liz: but you want, if i understand it, you want to open to what, 450 new stores? by the end of 2022? are you still on track to meet that goal and if the foot traffic around times square does not improve much, how vulnerable is the store you're sitting in right now to closure? >> so we are opening, we are a global brand, so we are opening 20 locations in the u.s. this year. we will be doing another, you know, total global will be about 66.

we also added a new line of business which is our extended shelf life doughnut business which is a clean cake line which we just launched in walmart about three weeks ago. we opened up the plant in april. so the amount -- and we can't keep up demand. so specifically, this shop here in times square, yes, will demand be different, absolutely. could we have decided to say hey, let's not open the shop and wait for new york to get better, then we will open it up at that point in time. we are very well practiced in now operating in new york city and we feel very comfortable about using an omni channel approach that we can actually even use this shop which wasn't designated at one time to do deliveries, but it could. it could do gifting from here. there's a lot of opportunities. we're not opening shops to close them. liz: well, yeah. i would hope not, especially the

ones that are open 24 hours. so everybody take note. you're in new york, 2:00 a.m., i need a doughnut. krispy kreme's the place. good luck to you and the whole krispy kreme team. i think i have to do some on the ground research soon. thanks so much. >> we would love to have you. thank you for showing up all the time. thank you very much. liz: indeed. indeed. closing bell, yeah, we are ringing in exactly 30 minutes. the dow is turning negative here, down 20. all the gains have been lost across the board. nasdaq down 32. s&p down 7. we have to tell you, regeneron is taking its covid-19 antibody cocktail international. the pharma giant partnering up with swiss drug maker roche to produce and sell its cocktail outside of the u.s., should the drug win approval the antibody cocktail in late stage clinical trials. shares of regeneron up 2.5%. roche better by 1%. it's not just those in the lab

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liz: that was novavax ceo talking to neil cavuto today on the vaccine maker's ambitions. the bill gates-backed biotech kicking into hyperspeed to produce a viable covid-19inoculant. some of that very work is happening under the roof of alexandria real estate equities which owns and manages research sites not just for novavax, but for all the major competitors in the vaccine race from moderna to pfizer, astra-zeneca, gla glaxosmithkli glaxosmithkline, johnson & johnson. the founder and chairman joe marcus is the man at the helm of the rooms where it's all happening and he joins us in a fox business exclusive. tell us, you've got thousands of square feet of managed building space and it all pretty much goes to these labs. tell us what's happening under these roofs where it's happening. >> well, it's a pleasure to be here virtually with you. we are in unprecedented times, as you certainly know, and on

behalf of alexandria, wish you and your viewers safety and good health. actually, alexandria started as a garage startup in '94. they were about a $30 billion enterprise value company on the new york stock exchange. we own and manage actually 30 million square feet and have over 80 tenants specifically dedicated to the covid-19 fight from diagnostic tools, testing, therapeutics and obviously the important area, they are all important, of vaccines. and stan erck who you just referred to is not only a good friend of ours, but we do, in fact, own and operate a number of novavax facilities in the maryland region and they are one of the key hopefully solutions to winning the battle against covid-19. liz: what i find fascinating is that there are so many commercial real estate

properties that are either empty or losing customers right and left. your actual vacancy rates have remained in the mid 90%. that is encouraging. as a real estate investment trust that is involved in commercial real estate, what's it been like to manage these buildings? >> well, we are very fortunate, liz. our normal occupancy is somewhere between 96% and 98%. we are in that range today. our real estate is really essential. our laboratories, despite the fact that offices are by and large vacant, our offices or laboratories, sorry, have operated 24/7 since the beginning of the covid-19 onslaught and that means they are open 24/7. our essential personnel are operating there. laboratories are different than normal offices. they actually have up to 30

changes of fresh air an hour. a typical office might have just a handful of changes of recirculated air so they are very healthy. if you are in a laboratory, if you can remember from biology or chemistry days, just facing a laboratory bench is pretty broad. we still use distancing and masking but that almost is natural for a laboratory. so we have been very fortunate. i think covid-19 will actually become a long-term business. i think the amount of testing needed, diagnostics tools, the therapeutics that hopefully will help you get better if you have symptoms, and maybe you mentioned regeneron/roche transaction announced, those therapeutics hopefully will be able to prevent people from having an onslaught if you have had exposure say to an

asymptomatic person. liz: joel, have you had any trouble collecting rents? some of these companies may not be at the forefront of developing a vaccine, may see an interruption in capital flows and liquidity. tell me about your situation and your experience with actually getting rent collection. >> that's a really good question, and much of real estate today is having a challenge, whether it be retail centers or offices. we are fortunate, our clients range, over half of our clients are investment grade or large cap companies. we have several hundred tenants throughout the country, east coast and west coast. our cash rents collected, actually rents collected on a cash basis in the month of july was 99.5%. just a handful of tenths of a percent were really due to some of the few retail tenants we've had who we have, you know, an

occasional cafe or starbucks in one of our campuses who we tried to help along during this covid time. but we have maintained literally very close to 100% collection which i think for any company is probably historically amazing and a historical high. very very helpful. liz: especially during these difficult times. joel, great to have you on the show. please come back. alexandria real estate properties is the company. the stock has actually performed up 17% year over year. thank you for joining us. >> a pleasure. liz: closing bell ringing in 18 minutes. 18 minutes away. look, we have lost all the gains. now the dow, which microsoft is a member, is down 62% but you can't really blame microsoft. while it is now down, it had hit session highs earlier. the question is, is microsoft the best partner for the hotly contested tiktok app?

up next, michael nathanson of moffett nathanson on what he thinks of the "countdown" scoop that microsoft has the head start and momentum to seal the tiktok u.s. asset deal by september 15th. and what will microsoft really gain from such an acquisition. from one small sub shop in new jersey to more than 2,000 locations across the nation. jersey mike's franchise system ceo shares how he managed at 17 years old, working behind the counter of some sub shop in new jersey to get an actual loan to buy the sub shop and then create what is now jersey mike's. you've got to hear his incredible transformation, his success story, in an all new episode of my everyone talks to liz podcast. he's living the american dream and helping feed americans as we battle this pandemic. it's available on spotify, apple, fox news podcasts.com, wherever you get your podcasts.

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liz: i want tyou to turn your attention to this intraday chart of oracle. you can see a dip or divot just around 12:45 p.m. eastern. that's precisely when fox business broke exclusive news that microsoft, not oracle, will ultimately buy tiktok's u.s. assets. sources at the chinese owned app tell "the claman countdown" that negotiations with microsoft are in the quote, top of the seventh inning. let's get to top social media analyst michael nathanson, senior research analyst at moffett nathanson. michael, a, do you agree with my sources who are pretty much saying it's microsoft, they've

got the momentum, they are the ones with fwthe biggest cash pi, they can pull it off? >> yeah. i trust your reporting on this. oracle seems a little bit out of left field yesterday. microsoft has been expressing interest and they clearly can do a lot more with this asset than oracle can. liz: when you talk about what microsoft could gain, we can show what the stock itself has done since around august 6th. that's when president trump said tiktok, which of course for those of you who don't know, is a social media short form video app, tiktok is a company that has actually, you know, has ties to china, it's a national security threat and microsoft's market cap has actually gone down but you know, the stock, when you talk about all that's been happening, microsoft could really use this. what advantage does it get from owning tiktok's u.s. assets? >> well, the question is, what

can they do with this, right. so digital marketing advertising marketplace is massive. look at facebook's market cap, google's market cap. let's call it in the u.s. $150 billion industry growing 20% a year, same size internationally. it's a big opportunity. right now it's only dominated by two big players, google in search and facebook in social. so the opportunity for microsoft is to be a third player here and as digital continues to grow, they gain share with a new business called tiktok. the question for us, do they have experience, do they have the talent, the engineers, the ad sellers, kind of the organization and willpower to be in this business. it's one thing to buy a business, quite another thing to be able to take advantage of the marketplace they are competing in. liz: you know, when i look at what microsoft doesn't have, they don't have that sort of

cool factor and when you want to figure out how it can get that, tiktok is culturally at that apex of cool at the moment. you talk to anybody who is on it and of course, the "new york times" just issued a scathing review of facebook's attempt at copying of tiktok and it's called reels. they say it's not something they would really want. these are people much cooler and younger than i am. i'm trusting the "times" digital experts. talk to me about what it could really glean, do you feel, a, that when you look under the hood at the redmond based microsoft, those are among the very best technological engineers. will it be that difficult to actually sort of extricate the u.s. assets along with the new zealand, canada and australian assets of tiktok from bytedance, which is the parent, the chinese parent? >> you know, it's a good

question but what facebook has been able to do, facebook, mark zuckerberg has a clear road map on how they want to build their product, right? it's driven top down, no doubt. it's a great engineering team to get to a vision of the product. i don't know if there's a vision there, right. that's what i don't know. we have seen other companies buy apps that were cool and actually do very little with them, right. coolness in itself may not be the end-all and be-all. talk about aol, time warner, myspace, yahoo! tons of examples. the question i don't know, we don't know, is whether or not microsoft has the institutional willpower and has the vision to move this asset to where it has to go. we don't know that. then the question is, if they don't believe they have it, is there another deal to be done. do they go and acquire snap, combine it, or twitter and combine it. is this just the beginning for microsoft. again, we don't know. but leadership is a huge hurdle

here. we don't know enough about the company's capabilities in this matter or their long-term vision for what this app could be. liz: well, there's a reason warren buffett keeps owners of companies in charge after he purchases the company. he says i don't know how to run them. i want them because they have been run brilliantly. so he keeps those people in charge. which leads to my question about the current ceo, kevin mayer. kevin mayer is somebody who is a deal-making expert. he's got real prowess. when he was at disney, he was in charge of the deals involving pixar and marvel, you know, all the big names that have actually, lucas films, brought so much money to disney. the sources are telling me that he will get this deal done by september 15th, which is the trump-imposed deadline where trump says he's going to ban it, the president is very big on that, and there is belief inside bytedance that he will ban it if that deal isn't at least signed.

but that it will take a lot longer to actually get a close of this deal. is kevin mayer key to this possibility and does he -- does microsoft need him to stay on to keep the cool factor there? >> well, one of the things you should ask, kevin joined them less than three months ago, right. so he's been there for a relatively short period of time. i agree with your perception of kevin as a strategist, a deal person. he's a doer. what disney accomplished with his strategic vision is pretty impressive. with bob iger and kevin, amazing. we don't know. kevin has never run a company of this size before, right, and he did a good job in assembling the assets at disney and putting them on the right path, but he's barely run the business for less than two years so your question is a good one. i don't know whether or not he comes along on that deal or is

he just brought along, brought in to actually find a solution here. but to me, i kind of wonder if there's going to be another transition in management to maybe someone who has run these things before, come in to run them at this point. liz: michael, great to have you on. we appreciate your perspective. michael nathanson. he agrees, it's probably microsoft here. up next, work from home picks that can keep working for your portfolio. dow is now down 77 points. "the claman countdown" is coming right back. our interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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♪. liz: closing bell ringing in about two minutes. dow, s&p, nasdaq solidly fallen into the red after s&p and nasdaq hit earlier all-time highs. let's bring in oxygen finance hal chief investment officer mark scribner. you're looking at opportunities with trend in investing.

hard to predict what trend are you investing and how do you invest in it? >> there are 42% of your viewers are working from home. so think videoconferencing, online scheduling. docusign. there is a etf called, it is wfh. it is a work from home etf that encapsulates all of those f you're not sure which concept of work from home. that might be something you want to look at. the other areas that we really like is telemedicine. it has become really popular in primary care, behavioral health. think about bandwidth. if you're about to get the diagnosis for a rash, for example, you might want to invest in 5g. the worst thing in the world you could have happen would be an unstable internet connection in that case. then the last area we really like a lot is home improvement. loans are up 8% right now. there is a lot of investment in home improvement projects,

office, and people are not spending money at moment. [closing bell rings] liz: oak okay, great to have you. mark scribner. former docusign chairman and ceo, current u.s. undersecretary of state for economic growth, keith krach, tells us where the trump administration stands on the tiktok deal. melissa: app 500 and nasdaq hitting records today but losing steam in the afternoon. the dow in the red for the third day in a row. the index is 6% away from record territory. apple becoming the first american company to hit the two dollar mark but it is ending off the highs of the day and failing to close above the milestone. i'm melissa francis and this is "after the bell." hey, connell. connell: hey there, melissa, i'm connell mcshane reporting live from another swing state