weeks. right now, i think it's back with selling to do. charles: you are one of the best, if not the best, my friend. thank you very much. we are near new highs for the session as i hand it over to liz claman for more. liz: yeah. how about that, highs of the session. the hemorrhaging has stopped dead in its tracks, everybody. on wall street right now, the markets slapping a tourniquet on the three-day selloff which accounted for a total market loss of $2.8 trillion. but as we head into this final hour, the bounce-back in full swing. the nasdaq up 330 points, still in correction territory. but should you now sound the all-clear and go back into tech? used car sales are spiking. yes, they are. commuters fearful of the pandemic choosing to drive versus take public transportation. the ceo of advance auto parts is here on how the do-it-yourself environment is driving profits.

this is a fox business exclusive and we will ask him if electric vehicle drivers are also doing the diy. ahead of the nfl's first kickoff tomorrow night of the season, this long awaited season, there's a former disney executive who is about to show you his field of dreams plan for canton, ohio and the football hall of fame. are you ready for the disneyland of football? is nautilus stock the new peloton? and charlie breaks it on why j-lo doesn't stand a chance at buying the mets. let's start "the claman countdown." liz: this is a fox business market alert. with the backdrop of a market rally, tiffany is bleeding red after french luxury powerhouse lvmh said it cannot go through with its $16 billion acquisition of the american jeweler because

the deal is getting mired in trade disputes. yes, between france, the european union, and the united states. tiffany is tanking, down 6%. it's filed a lawsuit to enforce the deal. lvmh for its part is up half a percent. we have to show you shares of slack, another work at home stock. shares are on track for a record percentage drop, falling 15% right now after second quarter billings growth disappointed, and the company said you know what, we didn't really steal a lot of people away from microsoft teams, the big, yes, the big rival there. wall street's rapidly slashing price targets on the workplace messaging stock right there, slack is down about $4.44 to $24.89. look at nautilus stock, looking super-fit after citron research said the company is the fastest growing name in stay-at-home fitness. short seller andrew left's firm set a 2020 price target of $30. nautilus up 8% is at $14.83.

his note comes one day after famed fitness guru jillian michaels broke news right here on "the claman countdown" as to why she said she is not going to a gym any time soon. listen. >> if you are afraid of covid, you should not go to the gym and i actually am a person who let my guard down. i haven't even spoken about this publicly, really. and a very close friend of mine gave me covid several weeks ago. liz: by the way, this interview is going viral, in case you missed it, you can see the entire interview and all of our segments on "the claman countdown" at lizclaman.com,@lizclaman. let me get to the markets. nasdaq up 340 points. the tech sector is caught in a serious workout that involved a steep and swift fall from grace. that three-day thursday through

this past tuesday selloff sent the nasdaq into correction territory in just three sessions. that's the fastest 10% drop from recent highs ever. but did it make stocks any cheaper? well, look, let's put something into perspective here. apple declined 14% during the selloff but over the past year, it's still up 108%. flip it over to super-hot chip maker advanced microdevices. amd lost 12.8% in the rout but can still brag it's got a 52-week gain of 160%. and tesla is a good one, hitting the brakes, down 26% during the rout despite an up day on friday, but the ev maker has rocketed 600% over the past year. so as investors whip out their telescopes and look at the horizon, are the past three days a warning flare shooting up in the sky or is that a green light to start buying again? let's start with new york stock exchange trader teddy weisberg who is toughing it out in

bermuda. what do you think? >> well, i think as long as nothing has basically changed, and the same issues are still out there, getting a vaccine, the fed, the economy, all the issues are still there, when you get reversals in trends, the reversals are sharp, painful and steep. i think that's what we have just experienced, which is nothing more than a technical pullback from a market that was dramatically oversold. now, with the benefit of 20/20 hindsight, yesterday afternoon at ten of four, we saw everything with our eyes closed but it is technical in nature and that is how i view it. then you would simply go back to the same groups that have led the market which would take you right back to some of the fang stocks, facebook, for example. by the way, these are all stocks i'm going to mention that we own. some of the rails, union pacific, norfolk, southern, couple of small cap stocks,

elan, e-l-a-n, these are all names that reacted negatively the last couple days but sat back today. unfortunately, we can't buy them at yesterday's prices but if you are going to put money back in the market, you want to go with the groups that led the market for the last six to 12 months. liz: you just mentioned the railroads. my gosh, they are jumping about 1% to 3%. really impressive move to see. we've got chris robinson on the phone, a cme trader. chris, if people are looking for a way to play the volatility, which you predict we will continue to see, what is the way you are choosing to do that right now? on the phone: i think you have to plan to buy dips and sell rallies which for most people is very difficult. here in chicago, you know, we started the whole business of hedging with commodities so commodities are giving you a good shot. take a look at the action we had in crude oil.

in four days, we've got seven bucks, a 17% pullback. that was a great opportunity for somebody who is looking to play volatility and again, most people i think, you've got to have a plan to have an order to buy the dip. when it's there, if you hesitate, you can see how it can disappear very quickly. but i would anticipate that we have had regular days now in the past three or four days of 1,000 point moves, 3.5 percentage points on a daily basis. i don't see that ending until well after the election, well after we know who the president is going to be. liz: you know what, i think i invented the term flash dip on this show about a year ago, but teddy, what chris was just talking about, these dips, they are in the blink of an eye, they are almost thatnanosecond type of situation but how do you know if you thought to yourself okay, the second day, which was friday of the three-day rout, i think i can get in there. yesterday was ugly as heck.

>> liz, you know, they don't ring a bell, unfortunately, and wall street is the only business in the world that you have a fire sale, nobody comes. and nobody comes because we are all scared to death. so you know, with the prospect, with the eyes of 20/20 hindsight, this is what makes the game so much fun and makes it so interesting and makes it so difficult all at the same time. liz: boy, isn't that true. chris, what is the put you are buying when it comes to whether it's the vix, because you know, there are different levels of the vix, nasdaq, s&p vix, et cetera. on the phone: everybody has been fixated on the 200 day moving average. you hear that time in and time out. that's the simple thing to look at. we almost got there in the dow, we were around 26,250. the correction that we had from the high to the low was just under 7%. you know, so i would continue to look for those levels so when you say what areas you're

looking at, it comes down to, you know, having a plan because you have to have the order to buy because once it gets there, it's very easy to say let's wait, let's wait, let's wait. it's a very difficult game. i think the one positive thing is we are still within a stone's throw of record highs. we are over 10,000 points off the bottom in the dow. if you were chewing your fingernails off back in march or april after a 36% correction, one thing this is giving you is a chance to rebalance everything. don't miss that opportunity. liz: thanks, chris. great to see you both. well, to hear you. real quickly. >> i was going to say, there are stocks people can buy that take advantage of volatility. the exchange stocks. these are companies that benefit from the volatility. liz: exactly. it's almost a toll road. up or down, they are making some money there. good to see you both.

closing bell ringing in 51 minutes. we do have the nasdaq continuing to jump about 347 points. the dow up 688. up next, democratic presidential nominee joe biden visiting warren, michigan today, key battleground state, to roll out his vision for made in america. we are going to have details on his campaign stop and his plans to protect american jobs when "the claman countdown" comes right back. ♪ limu emu & doug you know limu, after all these years it's the ones that got away that haunt me the most. [ squawks ] 'cause you're not like everybody else. that's why liberty mutual customizes your car insurance, so you only pay for what you need. what? oh, i said... uh, this is my floor. nooo! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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the speech and she's got the breakdown. what did he say? reporter: good afternoon. joe biden as you said was in michigan today. it's the manufacturing heart of america and he focused on this link between bringing jobs home and taxes at the same time. listen. >> this 2017 tax bill slashed taxes on companies that sent production and jobs overseas. those corporations then make huge profits by shipping these foreign-made products back to the united states to sell to american consumers. reporter: okay. biden wants to roll back the trump administration corporate tax cuts to bring the rate back to 28%, but he also wants to impose a 10% offshoring penalty which means if a company takes jobs out of the country, then it's going to pay that penalty. a corporation could pay as much as 30.8%. now, he countered that with a 10% tax credit if a company brings the jobs home.

michigan is really important because it's a crucial swing state. president trump won that state in 2016. every region of the state moved red at that point but the democrats, they won the statewide michigan races in 2018 so it shows you just how much this state is in play. in fact, right now, the polls are showing that joe biden is ahead by about 3%. but what's interesting about biden's push here is that he's almost copying the president trying to appeal to voters in michigan through the jobs. but trump did bring jobs home and he did it through trade, regulatory policies and by undoing some obama/biden era environmental policies that made it so expensive for corporations to do business at home. so biden's critics today are cautioning and they are saying look, the way joe biden has it, through a punitive tax push, it actually could depress growth, which really wouldn't bring the jobs back at the end of the day so you have to be careful what you wish for here.

liz: isn't it interesting, jackie, that when president trump started threatening companies saying you can't leave and take your business overseas, people were saying that's what democrats were saying for a long time. they had the union vote, they were constantly attempting to do that. it's just so interesting to see that everybody's taking a little bit of derivative move from each and every party. we will be watching it indeed. very ironic. thanks, jackie. closing bell, we are about 43 minutes away. colin kaepernick making a triumphant return to the field albeit digitally. electronic arts known as ea shouting out the free agent starting caliber talents in his return to its madden '21 game. the gaming giant looking to empower fans' hopes on the future of football. shares scoring a field goal at this hour, up 3.7% touchdown. we have the virtual

gridiron. nothing compared to the fantasy experience one company has in mind to become a reality. coming up, a fox business exclusive with the ceo looking to create the disneyland of football in the pro football hall of fame backyard. "the claman countdown" has it. we'll be right back. also, charlie's going to break it on news that's developing as we speak. 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. every curve, every innovation, every feeling. a product of mastery. lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer.

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trust aag for the best reverse mortgage solutions. call now so you can... retire better liz: we've got some breaking news to give you right now. the "wall street journal" is reporting that mall owners simon property and brookfield property may acquire bankrupt retailer jc penney in a deal valued at roughly $800 million. this according to people familiar with the situation. jc penney's landlord, simon and brookfield, have reached an agreement in principle to buy the embattled chain which filed

for chapter 11 back in may after the pandemic shut down non-essential shopping across the country, but as you know, jc penney was a disaster for years. simon property down 1.7% right now but brookfield is getting a jump of about 1% at the moment. are you ready for some football? finally, the wait is almost over. the defending super bowl champ kansas city chiefs with superstar quarterback patrick mahomes at the helm kick off the season tomorrow night against the houston texans. while fans will happily retreat to mayor mtheir man-cave and sh to watch the season start up, there is a plan to formulate a getaway you can invest in. we understand you got this idea to build an amusement park and village by the football hall of fame in canton, ohio. what is your vision? >> absolutely.

look, fans all over the country love professional football, right. you rarely have a chance, in fact, a lot of fans may never get to see a professional football game inside of a professional football stadium. so if you create a destination that allows them to come and be immersed in events and entertainment and of course, be part of the team and be part of the action, really, we think it's very successful and already have built several assets that are doing almost a million a year in attendance today and we plan on doubling that over the next couple of years. liz: okay. you've got the business plan. i'm hearing you have gotten through phase one. what is next to build out here? >> sure. we've got to create the destination. we've got to give guests and fans a place to stay when they come and play. we want to add some attractions. we will add a water park and some virtual reality, augmented reality attractions. got to have a place to eat, maybe shop for some memoribilia, and you got to have a place to be immersed in the sport. so a lot of different design

elements and events that will create this atmosphere for people to come and be inspired by their favorite teams, their athletes, their favorite athletes, and of course, just to be part of the game. people are dying for the professional football season to start and we are so excited that it's going to begin tomorrow night. liz: you know from amusement parks. you came from disney. you were the executive who helmed the entire effort about shanghai disney, but we know certainly that this is an interesting time for amusement parks. hopefully by the time this gets up and running, we will be out of this pandemic situation, but you, i'm sure, are well aware of shuttered doors at all amusement parks, whether it was universal during the height of the pandemic, all of the disney parks, and people wonder will they ever be the same, will people ever feel confident. >> well, i think they will. listen, companies like disney and universal, they know how to do things the right way.

they know how to take care of their guests and so do we. we are excited. we are partnered with companies like asm global that can really help bring operational standards and safety and wellness standards to our aspects, every aspect of how we are going to entertain guests and welcome them back. in fact, this weekend we hosted a high school football game, we hosted a very large soccer tournament on our national youth football and sports complex.le so it was to too act ait specificeciflyomack omto the ohall oe fe villag tys annity ni tyere pereoeranerer act all a aa hishis resorortsetou y ar peub ali pclubyliy traddede n stock s s w publicia a a a a a spac,pealpe a asition coany,any,an i ielieve tieheieh int.t. toto,, i'mwonderseen a very vy v tough go here for this stock, down about 64% since you went public. talk to me a little bit about what you see from an investor standpoint beyond the hall of

fame village that you foresee. >> sure. well, look, you are talking about a company that has the ability through its brand partnerships and access to intellectual property that no other company has, to really create immersive experiences across multiple different business verticals so our premise is very simple. destination-based assets, both here in canton and potentially in other nfl franchise cities, media content and we have both live sport and scripted and non-scripted content that we are in development of today. we run as an example the world youth football championships and we have a partnership now with the nfl alumni association and we are going to be running an nfl alumni developmental academy for players that didn't quite make an nfl team. so you can imagine media starts to become part of the storytelling. then lastly, gaming and we all know that e-gaming and fantasy sports and sports betting are multi billion dollar industries. we acquired a fantasy league

called the crown league that we are in the process of rebranding that and it gives us a chance through a very different business model to allow fans to become part of the experience and we are excited about it. we are going to rebrand that and launch it in the '21 season. it's a geo-based league so you can actually own just like the nfl, you can own part of a franchise, you can root for that franchise, those teams can play each other virtually. there may even be a hall of famer or very famous nfl alumni in the front office of those as well. so look, we have an ability to create experiences, real experiences and virtual experiences to immerse fans in the sport of professional football unlike any other company and we think that's very long growth profile ahead of us. liz: michael, i want to be first in line and i am going to purchase the cleveland browns myself. so i will let you know that when that happens. okay. as somebody who spent seven years in ohio, big browns fan.

let us know when it's ready to open. thanks so much. the closing bell ringing in 32 minutes. the dow is charging ahead, up more than 670 points right now. s&p better by 90. nasdaq up 358. carvana, this has been a super-hot stock, since the start of the year, it's trying to make a u-turn back to the upside today. the online auto seller, one of the 20 hardest hit stocks during the nasdaq three-day downturn. it skidded nearly 9%. but trade-ins on public transportation for secondhand rides are now the hot thing during the pandemic. still driving shares to a 96% gain year to date. the used car buying boom also juiced sales at advance auto parts. if you think diy is the only gas in the tank you are wrong. coming up, advance auto parts ceo tom greco on his secret sales weapon in a "countdown" exclusive. hitectural firm,

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liz: listen, we have been talking about this used car and truck sales skyrocketing during the pandemic. in june alone, car dealers reported 1.2 million in used car sales, up 22% from a year ago. it's also, by the way, the highest monthly total since at least 2007. as more and more are taking on diy, right, do it yourself auto repairs, many are ditching mass transit for the foreseeable future. one company is really reaping the rewards. joining me in a fox business exclusive, advance auto parts ceo and president, tom greco. tom, you know, to me, the spike in diy mechanics, people were work on their own cars, it's just as interesting as the jump in used car sales. what have you seen on the ground in your more than 5,000 stores?

>> well, it's great to be here, liz. first of all, obviously nobody asked for a global pandemic, but when it happened, it causes all kinds of impacts in the economy broadly, which ultimately, you know, affect businesses. in our case, what essentially happened, you have a challenging macro economic environment which leads to people deferring new car sales as you just said, which means the fleet ages so you have an aging fleet which requires more maintenance, more repairs, number one. secondly, the mass transportation fear is very real. people do not want to get on the subway right now, a train, an airplane, and that makes your personal vehicle very much a safe place. you are trying to make sure it's maintained and in good working condition and all of those things. then finally, with people working remote, keep staring at a computer screen or tv all day,

eventually you've got to get out and do some things which means people will work on their home or they will work on their car. we have certainly seen that over the last several months and it's helped our business. liz: i just actually found myself looking over my tires. i have never done anything like that in my whole life and if i'm doing it, i've got to figure a lot of other people are doing it. tell me exactly what they are buying, what do you see people picking up and how much of that purchasing which has been, you know, looking at your numbers, you had great earnings report, how much of that is driven by the stimulus checks which we know are stuck right now in the sausage making process inside the beltway in washington, d.c.? >> well, certainly the stimulus was a factor in the quarter, but as that and the unemployment benefits dried up, which has been over the past month, we continue to see strength so that leads us to believe that other factors are at play here.

you mentioned some of the categories. we are in the middle of launching diehard, a battery brand that's been around since the '60s. we acquired it late last year. we launched it on the fourth of july and it's off to a terrific start. the reality is people are using their car on an intermittent basis, you have more failure. things like batteries or fuel pumps or engine parts more inclined to fail. that's one area. the other is accessories. think about wash and wax. customers don't necessarily want to go to a car wash. they don't want somebody getting in their car. we hear stories about someone who has never washed their car in their life getting out there with their 11-year-old son and washing their car. so the accessories and wash and wax has performed very well. it's a very unique time. liz: let me ask you about electric vehicles.

the adoption has been put on certainly a higher gear. many people are now driving them. they are becoming more affordable. there's a cool factor. do you have the parts in your stores for what some of these electric vehicles now sport at the moment? >> if you look at the overall car part, obviously we are the aftermarket so you know, cars can be well beyond last year's model, obviously. most of the cars on the road are still internal combustion engine by a vast majority. we are seeing a lot of hybrids which have actually more parts in them. the pure ev vehicles, which get a lot of press, are still a relatively small part of the car part but obviously they are a pa part. liz: well, it's great to see you. we know that the used car sales prices are much more attractive to many people who might be without a job at the moment, but

are still concerned about driving. we will be watching advance auto parts. good to see you, tom. thank you. all right. you may not have heard of section 230 in the communications decency act. this is a rule that keeps tech companies off the hook from being responsible for what's posted on their platform. but it's quickly becoming a very big deal for officials looking to stay in president trump's good graces. charlie gasparino has those exclusive details now but first, charlie, you've got some new details i guess, news on the department of justice's case against google? what's up? charlie: i think it's all in one, liz. this is part of the trump administration's crackdown on big tech. it's an election year issue. we do know that at least in polling, it has bipartisan support. people think big tech is too big, too intrusive and they want both republicans and democrats to crack down. now, republicans and democrats

generally have two different views on how to do it. i think the republicans are going to do it much more let's just say piecemeal, much more of a free market way. the democrats would do it if joe biden wins and democrats pick up the senate, you could see a breakup of some of these big tech companies. that's not out of the -- out of thin air. elizabeth warren is the ranking member of the senate, in the senate, she's going to try to break up some of these companies. but that is not who the president is right now, the president is donald trump, he has his attorney general, mr. barr and here's what we understand. there's two essentially two ways they are attacking big tech to try to get their points across on these are too big, they shed op should open up to conservative voices on their mediums. one is a case against google, antitrust case. that case we understand could be filed as early as next week.

it could be very encompassing. the betting is it will be much narrower than people think, on basically whether they show favoritism on advertising and maybe not looking to blow up the entire search engine of google. that's one way they are going at it. the other way is a sort of reinterpretation or maybe mixing of rule 230 of the communications act and you know, commissioners in various places that have to rule on 230, fcc, ajit pai, antitrust, mackim delrahim. the gentleman at ftc. they have to sign on about getting rid of rule 230 to make it that tech companies have to be responsible for the content on their sites in a libelous way or other ways that they have to sign off on that. they have to agree with that.

delrahim does agree with that. pai does agree with that. apparently joe simons doesn't and because of that, they are trying to oust him, trying to replace him. it's unclear whether they will replace him as head of the ftc in this term or if trump wins again but he's clearly on the chopping block. if trump wins, again, there's going to be some, you know, some holding of tech accountable through piecemeal cases like the one against google that is developing, but it's also this rule 230 i think will be rewritten. it's going to come under a lot of pressure. tech companies will have to take more responsibility for the content on their sites. remember, that's a safe harbor and it's very powerful. liz: can you just give us the line on what's going on with the mets? because jennifer lopez is now putting her name at the top of a bid for the mets. i guess they were out, now they're not? does she stand a chance against

the hedge funder steve cohen? charlie: i got the interview i think on your show when i was at milken a couple years ago, alex rodriguez really liked him, nice guy, j-lo, i would love for j-lo to be the owner of the mets. the chances of that happening are very slim. here's the thing. steve cohen has as much cash -- has cash to beat them, okay. he's valued the team at $2.3 billion. the mets will take the best offer. they don't -- the reason why they are dealing exclusively with steve cohen is that they don't have the best offer. they have debt as part of their offer. they have numerous owners or you know, numerous people, part of their ownership group. it's just steve cohen and it's his cash, and from what i understand, i reported this out

earlier today, liz, if steve cohen is finalizing the deal as we speak, the paperwork's almost done, that doesn't mean something out of the ordinary can't happen. for all i know, warren buffett wants j-lo to run the mets and is willing to put up $10 billion, you know? but as of now, it's very slim. from what i understand, there's an ownership meeting in november. it is designed to vote on steve cohen and from what i understand, again, as of now, he's got the votes no matter what was in his past, the insider trading. as you know, he was never charged with insider trading. his former firm was. he was charged with failing to supervise one executive at that firm, and the thinking is he's going to pass the ownership vote. so that's where we are right now. it would be great, j-lo would be a great owner, right? liz: well, it would be so much fun when it came to covering it. but stevie cohen is just as enjoyable to watch, i am sure. charlie, thank you. i know he will give us an exclusive on the mets purchase.

we know that, right? charlie, thank you. charlie: i work for this story. no one gives me exclusive. no one hands me press releases. i don't understand why. aren't i a nice guy? aren't i lovable? liz: i know. are we going through the victim-y thing right now? okay. charlie is playing the victim. they cut his mic. closing bell is ringing in 15 minutes. the dow paring gains albeit just slightly. we are still up 553 points. wildfires in california, we are not ignoring that story. they are leaving more land in ashes than ever before. 2.3 million acres now scorched earth. coming up, the latest blackout totals and what pg & e is doing to keep the power on despite the historic flames. stay with us. it's easy to get lost in the economic uncertainty. the volatility. the ambiguity.

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liberty. liberty. liberty. liberty. ♪ liz: breaking news. president trump is at the white house right now discussing candidates for future supreme court appointments, adding 20 to his current list. we will keep an eye and ear on it. if he takes questions about this topic or anything else, we will go right back to the white house for you. check the markets right now. nasdaq up 298. high of the session, a gain of 370. so pulling back just a bit. got to tell you about pricey yoga wear giant lululemon sweating it out after warning that despite an energetic second quarter driven by online sales, it could take a 20% hit in the current quarter due to marketing costs. lulu is pulling back by about 8% right now, but on demand fitness class and equipment maker peloton, up again, after both

cowan and goldman sachs hiked price targets after cheaper bike and treadmills went on sale this morning. shares right now, up 6.25%. you know, peloton is arguably one of the biggest pandemic winners but also a true turnaround story, after getting hit by a one-two punch of mounting criticism by short sellers and remember the infamous wife holiday ad in december everybody flipped out about? ridiculous? but what about a buying opportunity on that selloff. talk about leaving controversy in the dust. peloton is up 147% since december. the start of the holiday ad flap. what a wild ride. the ceo and founder john foley, building the company. what lies ahead? find out friday because john will join me right here on "countdown" at 3:00 p.m. eastern time. all right. we have some breaking news right now and i'm going to read this to you because it is literally just hitting the tape. dow jones news wires is reporting, this is part of the

whole tiktok drama, tiktok's chinese parent bytedance is discussing possible arrangements with the united states that would allow the popular video sharing app to avoid a full sale of its u.s. operations. this according to people familiar with the matter. discussions around such an option have assumed increased urgency since the chinese government took steps last friday, so a week ago this past friday, that make a sale more difficult and take place against a fast-approaching deadline which is september 15th, where president trump said he will ban tiktok here in the united states unless it is able to agree to a sale of its u.s. operations or else be shut down. we have to look at the stocks that are involved here. microsoft, which is supposedly, according to my sources, in the lead, partnering with walmart. microsoft jumping 4.8% right now. walmart better by 1.6%. oracle, second in line by a nose, up 3.2% at the moment.

so we are watching this tiktok story carefully. again, six days away from the president saying that he will ban tiktok unless it is sold to a u.s. company. speaking of the president, we are apparently going to go to washington, d.c. right now and the white house, because he is taking questions at the moment after having announced he's adding about 20 names to his current list of future candidates for the supreme court. let's listen in. reporter: -- in regard to whether you did mislead the public by saying you downplayed the coronavirus and you repeatedly did that in order to reduce panic? did you mislead the public? >> well, i think if you said in order to reduce panic, perhaps that's so. the fact is, i'm a cheerleader for this country, i love our country and i don't want people to be frightened, i don't want to create panic, as you say, and certainly i'm not going to drive this country or the world into a

frenzy. we want to show confidence, we want to show strength, we want to show strength as a nation, and that's what i've done and we've done very well. we've done well from any standard. you look at our numbers compared to other countries, other parts of the world, it's been an amazing job that we've done. i think it's very sad in many respects, because the incredible individuals working so hard on it, including our vice president, they've done this great job. they haven't been acknowledged by the news media. they should, for the job we've done, whether it's ventilators and now you'll see very soon with vaccines and with therapeutics. the job we've done has been incredible. but we don't want to instill panic. we don't want to jump up and down and start shouting that we have a problem that is a tremendous problem, scare everybody and i'll tell you the other thing. we immediately started buying all over the world. we started buying masks and gowns and everything else, and

we don't want to cause pricing to go up to a level that becomes almost unaffordable so in that sense i agree with it. yeah, please. reporter: how do you reassure the american public going forward that they can trust what you're saying? >> well, i think that's really a big part of trust. we have to have leadership, we have to show leadership. the last thing you want to do is create a panic in the country. this was a horrible thing, it was sent to us by china, should not have happened, should never have happened. this is a disgusting, terrible situation that was foisted upon us and we have to show -- we just don't want to use the best word is panic. we don't want to have to show panic. we're not going to show panic. and that's exactly what i did. and i was very open, whether it's to woodward or anybody else. it's just another political hit job but whether it was woodward or anybody else, you cannot show a sense of panic or you're going to have

reporter: trying to reduce panic. -- president trump: please. go ahead, please. reporter: mr. president don't you think you were more forthright, do you take responsibility at all for some 200,000 deaths that we had? >> i didn't think if we didn't do what we did we would have million of people die. we closed it up very, very quickly. effectively. we did a job. we learned about the disease along with the rest of the world who had to learn about it. we opened it up. we know who it is attacks and so vicious against and we've done from every standpoint incredible job. nobody should have been lost. china released something should not have released it came out of china. it went to europe, all over the world. should have never happened.

they should have stopped it. they stop i had in remainder of china and wuhan. but they didn't stop it coming into our country. we had to show calm, if it was up to you, whoever, i have no idea what he said in the book, it's a book that i gave him some quotes. we'll see how the book turned out. i have no idea, you're asking me questions for the first time. but again the last thing we can show is panic or excitement or fear, or anything else. we had to take care, we had to take care of the situation we were given. now long before anybody else wanted to do it i closed our borders to a very heavily infected china. if i didn't do that, we would have had hundreds of thousands of more people die. dr. fauci said it, many people said it. it was a great decision. it was a decision i made and i had to make. it was a decision that a lot of people thought i was wrong.

nancy pelosi said i was wrong. joe biden said i was wrong. they all came back and they said, it was the right decision. and i was way early. that was in january. the end of january i did that. so that was a very good thing we did, otherwise we would have hundreds of thousands more. but if we didn't close the country we would have been talking about millions of people instead of the numbers that we have right now. reporter: mentioned that you were trying to avoid price gouging, mentioned to bob woodward you recognized the virus spread through the air on february 7th. you didn't begin project -- until march, defense production act until march, you didn't -- >> youly didn't think it was to the are point it was. entire world was affected. everyone was scrambling around looking where to buy face masks and all of the other things. we opened up factories. we had tremendous success with face masks and with shields and

with the ventilators. we're now supplying the rest of the world. we have all the ventilators we can use. remember this, the ventilators were very important, not one person that need ad ventilator didn't get it. these are complex, expensive machines to make. we opened something hadn't been done since the second world war. we honestly we've done an incredible job but we don't want to run around screaming, shouting oh look at this, look at this, we have to show leadership and leadership is all about confidence and confidence is confidence in our country. and our people are have been great. we've been put through a lot by china, by releasing this, having this come here. they could have done something about it. they chose not to. i am very honored to have presented to you today, a is are of 20 incredible people and we will talk later. i'm sure we'll be meeting later in the dave. thank you very much.

[reporters shouting questions ] liz: president trump taking questions from the media on his response, earlier response to the coronavirus crisis and some of the criticism coming ahead and he is saying he did not want to inspire panic. well, here we go. the nasdaq racking up the biggest gains since ape after yesterday's purge. that will do it for "the claman countdown". melissa: all right. that is the closing bell ringing on wall street. this is "after the bell" and we just heard from president trump from the white house. he was talking about his potential supreme court picks and also talking about that bob woodward book that was being released, excerpts from which had the president saying that he played down how dangerous the coronavirus was. he was there taking questions and defending that saying he didn't want people to panic. good afternoon,