return you need without really losing sleep overnight. charles: it's got a great symbol. easy to remember. gold. mike, thank you very much. talk to you again real soon. all right, folks. nasdaq, s&p just ripping. the dow, trying to keep up but it really can't. liz claman, it's another big day in the markets. liz: oh, huge, charles. each day has been huge. you hand it off, i take it and things have just been exploding. we have a fox business alert here to start with. with the deadline to submit bids for the u.s. assets of tiktok less than 72 hours away, sources close to negotiations are now telling fox business that quote, what last week was a quote, baseball game in the seventh inning with microsoft in the lead has now turned into a tighter sports race with oracle but for now, our sources are saying microsoft still has it by a nose. sources familiar with tiktok's chinese parent bytedance in its

negotiations to sell the short form video app u.s. assets say the ceo wants it and sees it as a prize. we should tell you the bid for tiktok which reports say could go as high as $50 billion are due this week. president trump has said if there's no deal by september 15th to sell its u.s. arm to an american company, he will ban the app. tiktok sources tell us the company has witnessed not just an american but an international rush to download the app ahead of the possible ban. presidential trade adviser and china hawk peter navarro is about to join me live to talk about the bidding battle for tiktok and what has sparked the administration's ban threat on the chinese social media disruptor. is there evidence he's ready to reveal? to the nasdaq, racing toward a fifth record close in a row, its longest string of back-to-back all-time high finishes for the year and the s&p not far behind, gunning it towards its fourth record close in a row. a catastrophic category 4

hurricane expected to slam the oil rich gulf coast hours from now. veteran hurricane chaser jeff flock on the ground in port arthur, texas. as convalescent plasma treatments and vaccines get fast-tracked at lightning speed, ucla epidemiologist anne rimoyne on what's working and what's not. less than an hour to the closing bell, let's start "the claman countdown." liz: all right. breaking news. in this final hour, it's wall street calls that are popping, not so much the stocks. analysts are falling over each other to play catch-up to the market's highest flyers. let's start with reaction at this hour to jeffery's super-charged price target call on tesla of $2500 per share. right now, tesla stands up 5.5% to $2132. the firm says despite increasing

competition, elon musk's baby has brand leverage but what's the catalyst to move shares up to $2500? the highly anticipated so-called million mile battery. flip it over to wedbush's piping hot price target call on apple. analyst dan ives raising it to a street high of 600 bucks. right now it's at $502.63. what will be the catalyst to get it to 600? he forecasts an iphone 12 super cycle. what won't be on your current iphone, though, may be the latest version of the wildly popular fortnite app. epic games saying fortnite's chapter 2 season 4 which debuts tomorrow will be m.i.a. on ios4 or mac os users due to ongoing battles with apple over its app store fees. apple is moving higher, .3% higher, but tencent which owns a major stake in epic games is unchanged at the moment but still close to 52-week highs of $71.17.

to the white house, where at any moment, president trump is set to meet with medical professionals who are advising the administration on the coronavirus. to blake burman, who is live right outside. blake, let's start with the question, do we know who might be present here? reporter: -- the white house not saying but the president is expected to be meeting with these medical experts during this hour, i am told they are medical professionals who have been helping advise the coronavirus task force over the last many weeks, many months over here at the white house and today, they are going to get some face time with president trump. now, as this meeting takes place, it also comes as the cdc has lowered the bar, you could say, for its guidelines as to who should potentially get tested. because this is what the standard had been. quote, testing is recommended for all close contacts with persons with infection. because of the potential for asymptomatic and presymptomatic transmission, it is important that contacts of individuals with the infection be quickly

identified and tested. so that is what once was. now, this is what the cdc is recommending. quote, if you have been in close contact within six feet of a person with covid-19 infection, for at least 15 minutes, but do not have symptoms, you do not necessarily need a test. unless you are a vulnerable individual or your health care provider or state or local public health officials recommend you take one. so that now, the new recommendation from the cdc. we do not recommend -- anticipate, rather, hearing from the president alongside this group. at least not at this moment. the president did take to twitter this afternoon as he is clearly following what is happening in kenosha, wisconsin. the president tweeting we will not stand for looting, arson, violence and lawlessness on american streets. my team just got off the phone with governor evers who agreed to accept federal assistance. portland should do the same. today, i will be sending federal law enforcement and the national guard to kenosha, wisconsin to

restore law and order. that from the president just a little while ago this afternoon. liz? liz: blake, keep us posted, interrupt us if anything breaks out of that meeting. we want to hear. thank you so much. it's been seven months since that first case of the coronavirus was documented in america. "the claman countdown" seven months ago anticipated it had the potential to spark both a health and economic disaster so way back on january 21st, we brought on ucla epidemiologist and famed virus hunter, dr. anne remoin who gave this warning back then. >> we have now a case in the united states. we know that it is passed from human to human and that cases can land anywhere in the world. outbreaks are like wildfires. you need to stop them when they're at the spark, not when they have become an inferno. liz: as therapies including

plasma of covid survivors unfold, epidemiologist dr. anne rimoin, i'm proud to say my sister-in-law, joins us once again. doctor, thank you for being here. back then, january 21st seems so long ago, the world health organization was meeting the very next day to determine whether this was going to be an international health emergency. now we know. let's tackle what's working today and what's not. what do you think is working? >> liz, this is the question on everybody's mind right now for so many reasons. what's working, what's not. so here's the thing. we have learned a lot about this virus right now. we know now how it's transmitted which means we know how to stop it which goes back to the things we always talk about, the social distancing, the hand hygiene and the masks. we have made some movement in terms of having some therapies that are making some difference, it seems, but we still don't

have enough data from randomized clinical trials to be sure really where we stand and that's where this whole issue of the emergency use authorization, this eua, with plasma, comes in. all we have right now is plasma, an observational study. we don't have randomized clinical trials which means that you are going to have some people who get the treatment and some people who don't. then you follow them and you see was there really a difference. so we are still in this stage trying to sort out what works and what doesn't. liz: well, we know that 70,000 patients have actually been treated with this convalescent plasma. the mayo clinic has been very involved. at this point, you know, isn't it in a way, try and explain to people like me, isn't it in a way better we at least go for something like this, fast-track it, and see what happens?

just because there seems to be at least some type of salubrious effect in some patients? >> you know, this is a complicated question and a complicated answer, of course. so the situation is this. the emergency use authorization is used when we think there's a benefit so we are going to be -- and the risk is low, so we are going to do the best that we can and make this available to people. the problem is, we still really need to understand what kind of difference it makes, which antibodies are the best antibodies, what dose, who is the best person to be able to get this. what that paper from the mayo clinic with all of these subjects in it really suggested was if you read that paper, the final conclusion is this is really promising, this is very interesting, and we need a randomized clinical trial and our results should inform that clinical trial. so you know, this is important. yes, this is something that

provides apparently a moderate benefit. this is not a game changer. we need to be very mindful of that. the other problem is, if now this is just available, it's going to be much harder to study because people will be getting it in an uncontrolled environment where we won't be able to be enrolling them in studies. liz: there was always a question over the first couple months, you don't hear about it as much now, about hydroxychloroquine. the infectious disease society of america just toughened its stance against hydroxychloroquine and now says hospitals should stop using the anti- anti-malarial drug all together to treat covid-19 patients. what are your thoughts about that? you have spent, goodness gracious, what, 30 times going to the congo to work on ebola, you are a virus hunter, you know all about malaria and hydroxychloroquine. >> well, this is another example of when we do studies on a drug, we learn that there is no major

benefit to it and the risks are far greater than the benefit. it's very difficult to be able to look at a drug and really understand how it works without data. that is not just observational data, but again, you have data of people who have gotten it, taken the drug, some people who haven't, then you really see how it works. what we have seen from all of the studies now that have come to bear is that this drug does not have a significant benefit, and it has the potential to have major side effects. so i agree with the infectious disease of america stance. it really should not be used for covid-19. there are other uses where the benefit outweighs the risk but it is definitely not in this case. liz: i've got to ask you about astra-zeneca's vaccine, that it is working on developing right now. president trump has said that he's considering fast-tracking it. you are in that community. you have dealt with working on

vaccines. how do you feel about fast-tracking vaccines? >> this is a very important topic. we have to be very careful everywhere in the world, and here in the united states, everywhere in the world, about how we deal with vaccines. vaccines need to go through these rigorous procedures of phase one, phase two, phase three trials before they are given to the public. we need to make sure that the data is very clear. so i see no benefit to fast-tracking a vaccine that could potentially create problems in terms of how well people are going to take this vaccine. listen, we already know there is a great deal of vaccine hesitanc hesitancy, a lack of confidence in vaccines in this country and globally. the world health organization calls it one of the top ten threats to global health. we need to make sure that the data is clear, that the scientific community has had a chance to be able to vet it and that we all know this vaccine is going to be more beneficial than harmful before it is widely

distributed in a population. you should also know that astra-zeneca did say they had no plans for fast-tracking this. liz: interesting. astra-zeneca says it doesn't want to fast-track. president trump does. we understand certainly on behalf of everybody, we just want something out there as soon as possible but of course, safe. anne, good to see you. thank you so much for joining us. the closing bell ringing in 48 minutes and the dow, forget that. it's up 74. okay. that's great. but s&p 500, up 32 points. if we close at that record, that will be the 18th record of the year. nasdaq on track for its 39th record of the year. coming up, we will continue the conversation with white house director of trade and manufacturing policy, peter navarro, on his very strong promotion of that blood plasma treatment. plus we will ask dr. navarro about the latest on the president's threat to ban tiktok by september 15th.

and in just 24 hours, federal reserve chair jerome powell will speak at the virtual jackson hole conference. doubling down of low rates is fueling markets' records which leads us to ask, is he the market's rich uncle? what are the winners and laggards of the economy? our traders are about to give us their picks from trading floors, next. "the claman countdown" will be right back.

jean, did you know geico is now offering an extra 15% credit on car and motorcycle policies? that's great! that's 15% on top of what geico could already save you. so what are you waiting for? john stamos to knit you a scarf? all finished, jean. enjoy! thank you. i give. the stitch work is impeccable. it's just a double fleck pattern with a reverse garter stitch. no big deal. is your hair this soft? softer. geico. save an extra 15% when you switch by october 7th.

but what if you could stdo better than that?k. like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today.

people expect that until we see employment and other aspects of the economy growing, that we're likely to be at very low levels of interest rates for awhile. liz: for awhile? how long? kansas city federal reserve president esther george speaking on the trajectory of interest rates ahead of fed chairman jerome powell's highly anticipated virtual speech tomorrow. it's going to be part of the central bank's annual jackson hole, wyoming conference which, yes, will be by zoom. now, as the federal reserve keeps rates at or near zero, zero to .25%, the stimulus, you could definitely argue, is doing its job for the stock market. the nasdaq, s&p 500 and now the

mfci all country world index reaching record highs, despite the pandemic and despite the recession that that pandemic has triggered. along the way, pandemic winners, here's the sector, right, housing on fire. auto sector, just doing incredibly well. we've got some of the stocks moving lower right now, but sporting goods, you saw dick's sporting goods, unbelievable numbers coming out. but here are the losers. commercial real estate, airlines, this all makes sense because you know, they can't open any of their malls but airlines, of course, very few people are flying and restaurant chains. so does free money plus market records equal the new normal? to our floor show. what our traders say is the way to invest around this and through it. i want to get with teddy weisberg first. i was calling jerome powell the market's rich uncle because he is just keeping that fire hose open and it appears to be working very well for anybody who owns stocks. but a, do you think this is the

new normal and b, for how long and c, what do you buy? >> number one, it is the normal for the present, and we have seen this before. we went through this after the financial crisis, where the fed was in a very accommodative mode and it put the wind at the back of the markets for a good period. as long as it remains in accommodative mode, the markets should be in good shape. this time the reasons are different, pandemic as opposed to a financial crisis. i think you got to go with the same sectors that have been moving so positive for the last four or five months. but you must keep in mind it's really a tale of two cities. you look at the list of new highs every day, it is relatively narrow even though they get all the headlines. a lot of sectors are lagging and there are a lot of folks that are very frustrated by this market. unless you're in the right

names, you are really not participating. liz: very dickensian. a tale of two cities. scott, how do you invest in it and through it? i would be very cautious at the moment when you look at certain sectors like commercial real estate, any of the mall operators. but who knows where this is going? you have already seen that amazon is starting to rent some of the empty spaces that are now just scattered across malls in the u.s. >> creativity, right? it's all creativity for these companies that are in the forefront. at least their stock prices, of what happened over the last four or six months or so. i really agree with teddy that it is the new norm for the present time. that could change probably not in 2020, but that could easily change in 2021 and for sure by 2022. in fact, we all hope it does because that will mean the pandemic is behind us.

but for right now, i think you have to stay with tech. i'm not saying the tech that has run wild and that have been the leaders. i'm not saying necessarily the apples or amazons of the world. but some of the pandemic tech stocks, the stay-at-home tech stocks that have really led, that's not going away any time soon, in my opinion. i still like the tech space. i really like financials. financials have lagged. in fact, over the past few years, they have really, you know, dragged behind other sectors. the big guys like jpmorgan, goldman sachs, morgan stanley, i think they are going to come out of this just fantastic. they have been able to weather the storm of basically a zero interest rate policy. i think there's a lot of upside for those stocks. the one sector i really don't like, it has been a dog, is still energy. because when is demand going to pick up? even when we do get a vaccine

which hopefully is sooner rather than later, i don't think that the culture yet is going to change much about people going back to work necessarily and hopping on trains and airplanes. i just don't see that demand picking up yet in the energy space. liz: i think i have driven twice this week. that's it. teddy, i know i want to get you in there but we have to run. we have a lot of breaking news on tiktok and the storm that's coming. we thank you and scott so very much. we have the closing bell ringing in 38 minutes. yes, look at the nasdaq, up 175. but scott just mentioned, you know, when the storms come, yes, we have hurricane laura approaching landfall. it has now intensified to a category 4 storm. with just hours left before it hits the louisiana and texas borders, we will take you live there to jeff flock in port arthur, texas. he's got the latest on preparations residents and businesses are making.

we'll be right back. rests 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. i'm a verizon engineer, and i'm part of the team building the most powerful 5g experience for america. it's 5g ultra wideband, and it's already available in parts of select cities. like los angeles and in new york city. and it's rolling out in cities around the country.

with massive capacity, it's like an eight lane highway compared to a two lane dirt road. 25x faster than today's 4g networks. in fact, it's the fastest 5g in the world. from the network more people rely on. this is 5g built right. only on verizon.

what do you look for when i want free access to research. yep, td ameritrade's got that. free access to every platform. mhm, yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. now offering zero commissions on online trades. we charge you less so you have more to invest. ♪

liz: we have breaking news. we have a situation developing right now as hurricane laura, which has been upgraded to a catastrophic storm that's about to hit texas and louisiana, category 4 hurricane with an un survivable storm surge forecast for the southern states is just hours away. state leaders have ordered evacuations for at least 500,000 residents in the midst of the ongoing coronavirus pandemic. major oil and gas companies have already moved offshore employees out of the region as the u.s. says the hurricane cut gulf oil production by millions of barrels for the second day in a row. after hitting a five-month high yesterday, crude oil is up just five cents to $43.40. to the thick of it all and

jeff flock from westlake, louisiana. you were actually in texas. you have moved to the coast of louisiana. what do you see, what are you expecting? reporter: well, i'm here as you talk about oil, liz, in front of the phillips 66 refinery here, just outside lake charles. perhaps you see it. it has already been shut down although you still see flaring up there. essentially, all the non-essential employees have been moved off and you're right, huge impact in terms of oil and gas not only as you point out offshore but the refining capacity. this is the home of u.s. refining, really. tremendous concentration. they are all pretty much shut down right now. you talk about this unsurvivable surge. we are at a place here, all of this land down here along louisiana and texas coast where these refineries are, it's all low land. when you've got a storm surge particularly from a cat 4, as we

had, for example, in hurricane rita which i was here in 2005, tremendous damage possible. they haven't had a real head-on hit like this, i don't know, in recent memory or in my memory at all. you know, harvey was bad last year, it was flooding mainly but this is going to be high winds as well as water. so we will be here overnight and through the day tomorrow and fingers are crossed. liz: jeff, please keep us informed of what's going on. we can see the lines there. on top of everything else, the pandemic people have to deal with. we are wishing them the best. closing bell, we are 29 and a half minutes away. with the countdown to the tiktok ban on, sources are telling "the claman countdown" in a fox business exclusive that the race between microsoft and oracle has tightened and is now no longer a baseball game. it's a horse race. but with fewer than 72 hours

before the deadline to submit bids hits, what are the keys that the administration is holding to a deal approval? presidential trade adviser peter navarro joins us live from the white house lawn, next. don't go away.

i had saved up some money and then found the home of my dreams. but my home of my dreams needed some work sofi was the first lender that even offered a personal loan. i didn't even know that was an option. the personal loan let us renovate our single family house into a multi-unit home. and i get to live in this beautiful house with this beautiful kitchen and it's all thanks to sofi. and still going for my best. even though i live with a higher risk of stroke due to afib... ...not caused by a heart valve problem. so if there's a better treatment than warfarin, i want that too. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. what's next? reeling in a nice one. don't stop taking eliquis

unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily- -and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures. ask your doctor about eliquis. and if your ability to afford... ...your medication has changed, we want to help.

liz: we are t minus 20 days away from president trump's ban of social media platform tiktok. he has threatened the wildly popular app will go dark unless chinese parent bytedance sells its u.s. assets to an american company with theseooo it o from f f china.chcht aogndt laman lacolan"la canan nanow now excl usexivcl that t t t micsosft i sft ititi in inhe asllingll busus it i h ias with mwiicrowi lea lngyy a a , nose softsore gsorentso oraclecle a

founderer tru truru orteror ltearorryte ryellisonli cobbled tog therheosble dl withwith bytedance investors gel atlantic and sequoia capital but the deadline for bids set for the end of this week and we shall see what we are going to get. microsoft right now is the top stock on the dow jones industrials. it's jumping 2%. oracle moving higher also by 2%. joining us now from the white house lawn is assistant to the president, director of the office of trade and manufacturing policy, and china hawk, you know you are, peter navarro. great to have you. thank you so much. can i just begin by asking you, is one preferred over another? i know in the past you have said you know, i don't really know, but i'm guessing you may with just a few days left before the bids are due, have a sense of whether it may be oracle or microsoft. >> just let me say for the record, liz, we are all china hawks now in this country. the last pew poll had close to

80% of americans see china as a threat and i think only 20% out there are folks like joe biden and the democratic party leadership but we are all china hawks. with respect to tiktok and oracle, i don't want to mislead your viewers here in any way. i have no inside information on what you are now calling a horse race. but here's what i can tell you. i can tell you two things. first of all, the executive order that the president issued with respect to tiktok and wechat is not really about those two mobile apps, per se. it's about the problem, liz, that china, the chinese communist party, by their doctrine of military civilian confusion has decreed that any company operating on chinese soil, foreign or chinese company, has to turn over their data to the chinese communist party or the peoples liberation army. that's huge, huge national

security risk and the problem we have with tiktok is just a massive tsunami of data that they pick up from the american people that allow them to surveil, monitor the american people, their personal information, their user names and passwords that people likely use across multiple accounts. it's just really really dangerous. so if you look at microsoft versus oracle, i think the one thing that separates the two companies with respect to national security is that microsoft has a very large footprint in china. its software is used by the peoples liberation army, by the chinese communist party. bing, its internet server, is the only american one that's over there. oracle, on the other hand, has a strong reputation of really putting a great firewall between

its operations and china. so that's an important thing. liz: can i jump in? i'm so glad you brought that up. i'm so glad you brought that up about oracle. that is absolutely true. oracle has put up certainly what appears to be a wall. however, if reports are correct, oracle is cobbling together a deal with bytedance investors general atlantic and sequoia capital. now, we know that sequoia capital china office is run by a man named neil schen, a chinese national. so my question becomes if he's part of that deal, would that be any concern, if he is part of that? there appears to be such a distrust on behalf of the administration of anything china related, but would that be something that would be taken into consideration? >> such a distrust after what they did to us in january, basically coming here to sign a

trade deal, not telling us about the china virus, letting it fly all over the world, in fact kill over 170,000 americans, but 40 million americans out of work and cost us trillions of dollars in damages so when you say distrust, that's distrust on steroids. you raise a good point. like i say, i'm not privy to the negotiations. one thing we want to be sure of and will be sure of in this administration is that whoever buys it will not be able to transfer data from american soil to chinese servers. that's the full stop. that's all i can say about it. anything more would simply be you and i speculating about something neither one of us knows more about. you might have better sources than i. i love these sources. one of these days, these sources are going to crawl out of the swamp and the woodwork and

actually say who they are. it's like hilarious. this place, if i learned anything in the last three and a half years, it's like whenever you hear the word sources, you run for the hills. but anyway. liz: i understand that. but actually, i can assure you that my sources are familiar with the negotiations that are going on. >> i have heard that many times before. we are familiar with. how does that work? you know -- liz: they stress -- >> i see how this stuff works. liz: hold on. peter, peter, monday, tiktok filed a lawsuit. against president, you know, naming president trump and the department of commerce saying what is the evidence that the administration has that tiktok is sharing users' information with beijing. so is there hard evidence? i know there is the, absolutely china is a surveillance state. i know that. you know that. but where is the evidence? do you have it?

>> a couple things here. first of all, i want to be clear about this informed sources. i know how this stuff works. it's like right over there, there's like this thing called the situation room, where we talk about this stuff. it's a really small group of people. they don't talk to people outside that. so these sources familiar, here's what usually happens with that kind of leak, right. what they are trying to do is they are trying to put out information to push the decision in one way or the other. so again, i just urge caution on that. with respect to your second question, i think that it's iron ic that if the shoe were on the other foot, we couldn't go into china into a court. how dare bytedance do that. it's obvious when the chinese communist party and president xi jinping pass the civil military

fusion legislation that says you will hand over your data if we want it, that's all you need to know. that's all you need to know. bytedance be damned on this. they can go to any court in this country but -- liz: if they wanted to live -- [ speaking simultaneously ] liz: if they want tiktok to survive, they will sell it to an american company. the question is -- >> but how dare the chinese -- liz: will you and the administration demand, what will you and the administration demand of the buyer? >> again, i'm not -- not my lead, not my lane. all i can tell you is that there's a definite real national security risk and there has to be certain to 100% level that a tiktok that is sold will not be able to transfer the data of americans. you know, it's like, i don't know if you remember, it's 10:00 at night, do you know where your kids are. remember that old kind of thing?

it's like today, it's like what is it, like 3:45 in the afternoon eastern time, does the chinese communist party know where american children are. the answer is, yes, they do. if anybody's afraid of that, they should be. liz: i don't want to miss out on asking you about what we have seen with the plasma therapies when it comes to treating coronavirus patients. you inserted yourself into this discussion, you have been very vocal about it, supportive of it. on what scientific basis? you are an economist. you are a trade expert. where are you getting your information from this? >> let's not say i inserted myself. i came on a camera like this and they asked me about the convalescent plasma issue. here's the thing. i'm the defense production act policy coordinator who works on a daily basis, literally hour by

hour, with health and human services folks, with fema, with fda, on the multi-vector attack president donald j. trump is taking to defeat the virus. some of that is domestic production of personal protective equipment and medicines. some of it is this beautiful warp speed thing for vaccines. but some of it also is getting the therapeutics like remdesivir and convalescent plasma to market as swiftly, as safely as possible. the thing that, look, the thing that puzzles me about the convalescent plasma and really tells the lie about the fake media and the politicization of this virus is the fact that convalescent plasma has been used for over a century, for many different uses. in this particular application, the odds of it hurting somebody are near or at zero, okay. there's only upside. the odds of it helping some

people are near or at 100%. so when you see the fda taking time to make their decision, in some people's judgment, too much time because people are dying -- liz: peter -- >> -- it becomes a matter of debate. liz: we are going to get cut off. we have to listen to master control. they have no emotion. change the plan or stay the course? that's why northern trust is here. with specialized expertise... a history of success through every economic climate... and proven strategies rooted in data and analytics. giving you more control. clarity. and confidence. for now and whatever's next northern trust wealth management. i'm a delivery operations manager in san diego, california.

we were one of the first stations to pilot a fleet of electric vehicles. we're striving to deliver a package with zero emissions into the air. i feel really proud of the impact that has on the environment. we have two daughters and i want to do everything i can to protect the environment so hopefully they can have a great future. come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪

it's time for aerotrainer, with your weight and health? we've just been finding a way to keep on pushing. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form. aerotrainer's unique design allows for over 20 exercises for a total body workout. plus, you can easily transition from one exercise to the next.

want tighter abs and a stronger back to help relieve pain? do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. start with a wall plank and progress with maximum muscle activation with comfort. work your lower body with the aerosquat or advanced super squat, all while in a safe, ergonomically correct position for maximum results. build your upper body with pushups. aerotrainer is perfect for bridges and total glute workout. (host) need to reduce stress? just stretch and breathe. (announcer) plus, it's a great platform to enhance yoga and pilates moves, even increase flexibility and reduce back pain for golfers. the aerotrainer is tested to support over 500 pounds. train hard, because aerotrainer can take it. it inflates and deflates in less than 30 seconds

using the electric pump. aerotrainer works for families, beginners, and athletes. use it anywhere. even strengthen your core while watching tv. head to aerotrainer.com now. aerotrainer's unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. liz: yeah. i got cut off. i warned peter navarro but you know what, for him, we will let the show get cut off. all right. let's take a stock check here. carnival, the parent of many cruise lines, down 3.5% after announcing new cancellations extending into 2021.

cheryl casone is live in the th newsroom. now what? cheryl: i will keep this quick to get the show back on track. this is kind of bad news. the owner [ inaudible ] announced it would be canceling cruises through next year due to health and government restrictions on border and port access. guests can get a 100% credit of fare paid. a little bit extra icing on the cupcake here, they will get an additional 25% of the cruise fa fare. the company is trying to take care. they have also canceled cruises on the queen elizabeth going into 2022. the competition, norwegian cruise line holdings, has suspended cruises through october of this year. the cdc banned cruises on at least 250 passengers in the u.s. through september 30th. there has been, guys, 2,973 covid-related illnesses on cruise ships between march and early july. there has been 34 deaths. carnival did close down yesterday more than 1.5%. both those stocks under pressure

today. we will have to see when this industry can get back on its feet and get back on the water. liz: back on the high seas. wish them the best. thank you very much. closing bell, we do have about nine minutes left. from market highs to fighting a pandemic, how do you balance the risk and reward scale best for your portfolio? our "countdown" closer says he knows how. he says he's got a game plan. we will let him bring it to you next. don't go away. this is decision. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

they're going to be paying for this for a long time. they will, but with accident forgiveness allstate won't raise your rates just because of an accident, even if it's your fault. cut! sonny. . .

♪. liz: folks, we have only five minutes left of trade but something is happening here. i want you to take a look at gold. gold is spiking in the after-hours session. it is up 2%. that is a bigger gain than the s&p right now, than the dow, the nasdaq, than the russell. we do have gold up $37 per troy ounce at 1960.

as we look at stocks, the dow is praying catchup. let the records run for s&p 500 and nasdaq. we're almost five days is in a a roy for the nasdaq and s&p five. how do stocks in your favor while fighting a unpredictable pandemic and maybe a change in leadership with an election coming up? he is hard at work lances risk/reward in the market. hi, chris, there are a lot of question marks here but all we see is the markets moving higher. what is so difficult about that? >> clearly the markets have moved much higher than anyone expected if you look back at the depths of march. we had the pandemic raging. we had beginnings of worse economic crisis in our lifetimes.

it is surprising to a lot of people to see the market at a all-time highs. look what the federal reserve has done, pouring so much liquidity into the market, $4 trillion, into the market and fiscal stimulus with congress, that explain as lot why the market is as high as it is right now. liz: high it certainly is. look at the past three months for the nasdaq. all you have to do look at past 10 years, at record highs regardless. what do you do with your portfolios and portfolios of our viewers knowing that every person has a different time horizon of course? >> for us we look what the best risk/reward as you point out. technology, communications services and consumer digs discretionary are dominating. they have great businesses. no doubt they will continue to succeed. however if you look at the price of those stocks. look at the top five socks in the s&p 500, up 45%

year-to-date. that is an astounding number. that is already reflecting a lot of their success. with that in mind we look for other areas that might participate with the market going higher. we'll look at few different areas. one within homebuilders, and software, services and lastly within biotech. we think if you look at some trend happening whether people moving out of the cities, into the suburbs. whether new drug curse. whether covid-19 or aging demographic, or even looking at software in general, that move to the cloud, that idea of saying, we can work from anywhere and having that remote learning and remote working all in your favor. we think the tailwinds will persist through the pandemic and beyond. we think those areas are more attractive given the price earnings ratios in those industries. liz: chris, do you see any speculative excesses in the market? it looks a little rich in some individual names. there is something at 30,000 feet you look at, be

careful of that? >> yes. we are seeing some signs and speculation in the market. we typically won't call out specific companies. we've been watching larger companies, a electric carmaker or looking at other technology names. there is clearly speculative excess in the markets. a great example when you say you will have a stock split, literally means you're cutting your piece into more pieces. you don't have anymore pizza than you have before. by splitting the stock the economic value of company doesn't change one bit. you see the stock take off. things with no economic value, yet prices climb to astronomical levels are clearly signs of speculation and path in the market. liz: yeah. i mean i would have to say you look, you're not calling them out but tesla is the one that will split five for one. we're watching that. it is witness again hitting yet another high.

as we watch all the names, thanks for the voice of reason, chris. [closing bell rings] it is another record for the s&p and nasdaq. a big move, call it froth. it is what it is. yet mirroreds here. with gold spiking in the final few minutes that will do it for "the claman countdown." we'll see you tomorrow. melissa: the longest record streak of the year. the s&p 500 and the nasdaq closing at new highs. it is the fourth straight record close for the s&p and the fifth for the nasdaq. i'm melissa francis and this is "after the bell." hey, connell. connell: hey there, melissa, i'm connell mcshane reporting from beautiful savannah, georgia. we continue our swing through the swing states. georgia politics have been reliably red over the years but the democrats have been hoping to change that and we'll talk a lot about that coming up on the show but first here our top stories as we begin with fox business team cover