always appreciate it. thank you very much. folks, markets more or less moving a little sideways. we did get some conversation during the show, mcconnell, senator mcconnell on stimulus saying it probably doesn't happen. we kind of knew that so not moving the needle a lot. there's an anxiousness we might see play out in the next hour as liz claman takes over. liz? liz: have you seen the russell, charles? i know you have because you look at that. charles: oh, my goodness. yes. liz: i know. yeah. it's a big deal. a lot of things are coming together right now. thanks, charles. at the top of this final hour of trade, number one, this question. has the much-anticipated so-called great rotation out of tech stocks really begun or is this just the pause that refreshes for some of the hottest momentum names and is it the best entry point you have been waiting for? look at the markets. the nasdaq, second day in a row, losses of about 156 points. the s&p down 6. the dow powering higher by 228

points. it comes as, here's another thing that has just been developing in the last 40 minutes, obamacare goes before the supreme court and president-elect joe biden making his pitch for the controversial health care plan. there are some surprises out of the supreme court. we are going to go there for a live report in just a moment. big banks surviving and thriving during the coronavirus pandemic. thanks in large part to actions taken during the great financial recession of 2008. we've got an all-star lineup to talk about all of this. former fdic chair sheila bayerd to talk about the banks and the moves she's credited for in keeping your money safe. wall street legend bob doll on this so-called great rotation and where he says you should make your market bets under a biden presidency. he's at the top of our show. and billionaire owner of the milwaukee bucks on the return of the nba that's just been announced and maybe even the

return of fans to the arena. plus, where he sees opportunity as hopes of a vaccine power the markets higher. all right. breaking news. president-elect joe biden just wrapped up his speech moments ago in wilmington, delaware, saying quote, there is only one president at a time and that president right now is donald trump. in the meantime, he said the transition of power from president trump to biden is going quote, well under way. he also addressed the future of health care. now, it comes as the supreme court had a hearing this afternoon on the future of the affordable care act better known as obamacare. let's bring in edward lawrence, live in front of the supreme court, and there were some big surprises here of who says uphold this law of obamacare. reporter: exactly. big surprises. first, talk about what just happened. within the last 30 minutes, as you said, president-elect joe biden spoke to the nation, he was talking about the affordable care act. he wanted to make sure people knew what was at stake in his mind. he says that 23 million americans would lose health care

if the affordable care act goes away. listen. >> let's be absolutely clear about what's at stake. the consequence of the trump administration's argument are not academic or an abstraction. for many americans, they are a matter of life and death in a literal sense. reporter: the vice president-elect kamala harris said every vote for biden was a vote for expanded obamacare, not less obamacare. he says the oral arguments here were about two hours long, so very tough questions from justices but all eyes were on the three appointees that president donald trump put on the court. we are talking about neil gorsuch, justice brett kavanaugh and justice amy coney barrett. justice kavanaugh shocked many watchers by tipping his hat to the way he may decide. listen to this. >> i tend to agree with you that it's a very straightforward case for severability meaning that we

would excise the act and leave the rest in place. reporter: it seems obamacare will remain in place. we will have the official announcement in early 2021. back to you. liz: we are looking at health insurers right now. only lincoln national is lower. we find that interesting. these insurers have done well before obamacare, during obamacare and right now, even as it hits its third question on the supreme court steps there. all right, edward, thank you very much. great to have you. edward lawrence. one week post-election, here we are and just 24 hours ago, we saw the major averages touch all-time intraday highs but where are the s&p and nasdaq bulls today? are they in hiding? what is the case for investors to stay in or get out of stocks? three major factors could help you make up your mind right now. news yesterday from pfizer that its vaccine is 90% effective against the covid virus. today, the announcement from eli lilly that it's got emergency fda approval for its covid-19

antibody treatment and this. the large number of institutional investors who ahead of election day de-risked their portfolio, meaning they put a lot of money on the sidelines or in government treasuries, could that money be the water building up behind a dam that is set to be released into the stock market? to bob doll, chief equity strategist and senior portfolio manager at nuveen which has $1.1 trillion in assets under management. listen, to the immediate issue. records yesterday, today a few warning lights on the dashboard. what's going on as you see it? >> look, we have had a lot of good news, liz. capitalization event was of course the pfizer announcement yesterday. last week, we had no big blue wave. prior to that, lost in the noise was third quarter earnings were much less bad than people thought. to your point about the cash, lot of people like cash on the sidelines because they were worried about the election. lot of people had it because i'm

not going to put it in until there's a vaccine. well, the election's over. we are going to get a vaccine. the economy is doing okay. and a lot of that money has come chasing in already, liz. maybe the dam's broken already, to use the language you mentioned before. liz: yeah. or maybe a little crack in one and the water's starting to squirt out here. we see it in the russell 2000 of all places. the small and midcaps, very interesting play here, jumping two full percentage points, far outpacing the s&p, the nasdaq, the dow, the transports. >> yes. inside the market, as exciting as the market is, is where all the action is. we have seen that off and on since the market high in september, saw more of it last week, saw a ton yesterday. what am i talking about? small stocks doing better than big stocks. cyclical stocks doing better than defensive stocks. value outperforming growth. some of the non-u.s. markets are coming to life a bit. we are seeing some change in

leadership that might have some legs, liz. liz: yeah. let's talk about leadership. what foundation do you see that is building and under which sectors? i want you to position our viewers for investing in 2021 and i bring up this. fact-set put together a list of what they believe will be the hot sectors for 2021. not exactly what you think they would be. number one, oddly, energy, then industrials. we've got materials. they really feel consumer discretionary will do well and of course, the financials which i guess makes sense if interest rates are going to rise and by the way, the ten-year yield, wow, it has continued to climb over the past i want to say 48 hours and was hitting .44 handle. >> all of that points to the leadership change that we talked about a second ago. that list they have come up with is a cyclical list. it is more value than it is growth. but if not necessarily avoid

that sector. i think you want less tech than you did but there's some value names in tech. hpq, dell computer, those stocks did great yesterday. it's not abandon the sector, just rearrange the chips a little bit within each of these sectors. liz: are you saying get rid of the sexy girlfriends and go for the long-term relationship and marriage names here? dell and hpq? okay. >> yeah. i mean, they are names from the past but they are the cheap part and the more cyclical part of technology. what's come off, of course, are those names that did so well when we were all staying at home under the covers. and we had to use all those products. now we are beginning to see the economy's doing a little bit better. we kind of knew that, but the vaccine gives us a little more visibility on that, and i think that's why this rotation got so abrupt yesterday, liz. liz: one quick question.

what's your plan if we have what would be natural, a downside spasm of some sort, what's on your shopping list? couple of names here. >> we will get it at some point in time, no question about it. so i'm not giving up on some of the retailers. i heard target mentioned in the last show. i will put my name on that, too. lowe's, home depot. i also want some of those health care hmo type stocks, united healthcare, cigna, and a non-extreme election, those names will continue to do well most likely, and complement with some of your favorite cyclicals. i will put out there again dell computer and hpq as good examples. liz: great to see you, bob. thanks so much. what a november we are already having. breaking news. the senate banking committee is holding a hearing right now on ensuring the safety of depository banks and their customer accounts during the pandemic. former fdic chair sheila baird

is here. how safe is the system right now and we will ask whether banks better start lending to beleaguered americans. closing bell ringing in 51 minutes. dow jones industrials climbing .75% but that russell 2000 is the star today. we'll be right back. your journey requires liberty mutual. they customize your car insurance so you only pay for what you need. wow. that will save me lots of money. this game's boring. only pay for what you need. liberty. liberty. liberty. liberty.

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♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ -- ability of banks to work constructively with their customers, the fdic has taken meaningful actions to provide banks necessary flexibility while maintaining safety and soundness and consumer protection. liz: from the current fdic chair mcwilliams to the former fdic sheila bair, widely credited with preventing a run on the banks during the 2008 financial crisis. she's just been named head of the government-sponsored enterprise fannie mae, the leading source of financing for mortgage lenders in the u.s. great to have you, sheila. let me first get right now to what is happening in the senate at the moment. they are working to make sure that the soundness and the

safety of the financial system and most importantly, deposits of everybody watching right now, remain safe. can you assess, knowing what you know in your experienced eye, how the health of the financial system in the u.s. looks right now and where you see potential stresses? >> so i think at least the regulated sector, the regulated banks, the fdic insured banks, where households have their deposits, i think that's still relatively stable. a lot of unknowns and as former fdic chair, i have to say if you have your money in an insured bank account, make sure you are below the insured deposit limits. if you do, you don't have to worry about whether your bank is going to be healthy or not. overall, i think most banks are still stable. lot of unknowns, though. we don't know how bad the economic consequences of this pandemic could be. there's some positive signs now, but it takes a long time for losses on loans and other credit

to filter to the banking system. it's really an unknown at this point. liz: well, yeah, that's the thing. sometimes you know a shipwreck goes down and you don't see it until portions of it start floating up. so to that point, lovely analogy. at least i didn't say bodies. tell me what you anticipate, i mean, what are the worst case scenarios so that we are prepared? >> right. the worst case scenario is we do not have a vaccine, the pandemic continues to worsen. we thhave business closures aga, distressed sectors, travel, hospitality, energy, retail will become even more distressed. we don't get fiscal support which we need frankly, i think we are kind of [ inaudible ] as a tool, congress needs to step up with support to households but if none of those things happen, we could be in a very bad situation because as households become more distressed, businesses, small businesses in particular become

more distressed, they start defaulting on their loans, those losses post to the banking system, the banking system becomes distressed and then you have a financial crisis in addition to a health crisis. so that's the worst case scenario, one i don't think is going to happen but nonetheless, i think it does argue for bank regulators and bank leadership to be highly cautious and prudent right now. maintain your capital, keep a strong balance sheet because we just don't know what's going to happen. liz: and what do you make of what happened in sort of that first quarterly earnings report for the big financials right at the height of the pandemic, where the first thing that got a lot of attention were the cash piles they had set aside, the dry powder for potential, you know, foreclosures and you know, debts that went wrong way. you had a lot of defaults that could have happened, mass loan defaults which haven't yet come to pass. you had 34 billion jpmorgan put

aside, goldman sachs, $4 billion. wells fargo, $20 billion. have they overcorrected and become too tight-fisted? it's very hard for a mannicure salon or first-time home buyer to get a loan right now from those guys. >> well, they should be lending to those guys. they absolutely should be lending to those guys. you know, if you have a business that's still functioning, still bringing in revenue, still managing, you should be lending to them, and a lot of the substantial loan loss reserves were a function of a new accounting standard that coincidentally went into effect the same time this thing was hitting but that's good that they built up that loss-absorbing capacity so they can continue to lend. that's the whole idea and one of the reasons i have argued they really shouldn't be paying dividends and certainly not buy-backs right now. they have suspended those because they need to retain capital to maintain ample balance sheet capacity to lend. that's exactly what they should be doing. liz: we just had president-elect

joe biden speaking and we wonder what kind of regulatory actions we might see under a biden/harris administration. when he was elected, president trump and his administration made it very clear their mandate was to deregulate, particularly with dodd-frank, the 2008 financial era crisis management law. they did, president trump, and it was a welcome move for a lot of regional and community banks, he was able to eliminate the onerous regulations that painted them with the same brush that the big financial institutions who really got us into trouble were painted with. so what do you expect under biden/harris and what do you hope remains from what president trump did? >> right. well, i'm sympathetic to some of the loosening that was done for the regional banks and certainly the community banks. there was too much of a one size fits all. the trump regulators have provided a lot of relief to the very largest guys as well and that is troubling. you know, i don't know, i think

mr. biden's got a lot of smart people advising him on financial matters. my guess is that they will no longer be so industry-friendly, that if anything, they may be tightening regulation at least for the large systemic institutions. i think and hope they will also be focusing on non-bank sector. that really has been a source of stress through this pandemic. money market funds blowing up again, life insurers, hedge funds are highly leveraged. a lot of credit intermediation moved to the non-bank sector and that is becoming a source of system systemic [ inaudible ] as well. my guess is the non-bank sector will be an area of focus for the biden administration. i think climate change as well is going to be a big area of focus. this is increasingly becoming an issue for financial regulators. climate change is creating new risk and uncertainty, unsustainable businesses,

exposed businesses that banks really need to start taking into account as they manage their own risk in terms of their lender relationship. my guess is the biden folks will focus on that as well. nice seeing you, liz. thanks for having me. liz: i would love to see you in the administration, whatever may happen here. it will be great to see -- no go? you're not interested. all right. thank you. >> thanks, liz. liz: well, we know that janet yellen has been floated. lyle brainard of the fed, not to mention a couple other names. liz warren although she looks like a dark horse but we are watching all of it as we see on the screen. possible treasury secretary particulars. tech titans going to war at this hour. amazon accused by european regulators of being an anaconda. the eu charging the e-commerce giant of using its massive reach to squeeze the life out of smaller competitors. europe's top antitrust guns firing off their latest salvo

after a review of 80 million transactions on amazon's platform. amazon denying all allegations at this hour. shareholders, at least some of them, are denying amazon. the stock is down about 3.25%. the drama in big tech land not stopping there. did you just see in the last hour, apple launched a bazooka into the global chip wars. we are about to get a live update on the explosive moves shaking the pc and semiconductor worlds to the core. closing bell ringing in 38 minutes. dow up nearly 300 points right now. we'll be right back.

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ulta products have also a digital presence on target's platform and it's just been a great day. target is also up 1.9%. beyond meat stock, though, is beyond painful for shareholders right now. you're looking at a very tough day for beyond. it's moving lower by 17.5% after the plant-based meat maker posted a surprise quarterly loss and lower than expected sales. a partnership with yum brands pizza hut for beyond pan pizzas, not enough to buoy the stock although yum is up 1%. adding to losses is sort of this confusion and lack of details over beyond's tie-up with mcdonald's for a new line of mcplant products. mcdonald's up .25%. at this hour yesterday, got to show you peloton. it was getting a drubbing. today, the halo effect of a multi-year partnership with supernova famous singer beyonce is boosting the stock of the exercise equipment maker to gains of 4.6% right now. beyonce will curate workout

classes with her music across disciplines, strength, bike, core, yeah. i need the core. in the coming months. stay tuned for that. peloton having a good day, up $4.63. tech licensing firm says its subsidiary tivo has entered into a 15-year patent license agreement with media giant comcast leading to the end of years of patent litigation between these two companies. both are up and the lawyers maybe are now out of work but xperi up 24%. comcast up 1.5%. we've got major news coming out of today's one more thing apple event. this happened about an hour ago. apple unveiled not one, but three new mac computers. the tech giant showcased a mac book air, a mini and a pro, all powered by its very own m1 chip. susan li all over the news which just came out. what does apple have up its sleeve and who is getting hurt

from that announcement? susan: think of intel amd, some of the pc processor makers like those names i just mentioned but this is a big game changer, so yes, three new mac books, apple silicon which is the chip, the pc processor apple now makes and first generation m1 goes into the mac books. listen to tim cook. >> the mac has always been about innovation and bold change. in june we announced that the mac is taking another huge leap forward by transitioning to apple silicon. we promise the first mac with apple silicon would arrive by the end of this year. well, that day is here. susan: three times faster, longer battery life, three new mac books here. we have an affordable one called the mini starting at $699, the air, $999 and the pro ships at $1299. at least three times faster than the previous generation, and this ends a 15-year partnership with intel which had been making those chips that go into these

mac pcs and before that, don't forget the first mac came with motorola chips and power pc took over. macs are making a comeback of sorts. taking a look at the record $9 billion they made from this segment from july to september. the work from home trend, school from home trend are boosting these sales. $9 billion, now the third largest contributor to apple's bottom line. $9 billion is also one and a half times what mcdonald's makes in a quarter and this is just for the mac line and the mac revenue. this is the third apple event we have seen in two months. this is the most innovative fall we have seen for apple and this might be a game changer, because now we have apple making chips for the pcs, the macs, iphones and ipads. they don't ship or sell them just yet but they are huge contender if they choose to in the future. liz: yeah. you know what, we would be remiss if we didn't look at taiwan semiconductor and of course, texas instruments. these are also chip companies

that are gigantic right now. they are getting hurt at the moment. so it's not a surprise that we would start to see people panic. these companies that are in that same sort of universe, when apple says we are done with you guys, we don't need you anymore, we are now making our own chips. susan: yeah. that's right. when the 900 pound gorilla gets no the jungle you always have to be scared whether it's apple, amazon or other trillion dollar behemoths. they don't sell them now but if they want to, they could be a revenue stream in the future. liz: good to see you. thank you very much. the nba, did you guys hear this, has just granted basketball fans an early christmas present. the league just settled on the date for the return to the hardwood. wait until you hear what that date is. co-owner of the milwaukee bucks, marc lasry, joins us live for his first reaction and whether the vaccine news means fans can finally return to the arenas. plus, the winning investment plays he says team biden/harris

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some teams, it's quicker for them. the lakers, obviously tampa. tell me right now what do you think about this, and are your players ready? >> first, pleasure to be back on your show. number two, yes, the players are absolutely ready. look, i think everybody wants the season to restart. i think we need it to start, look, would it have been better to wait, but i think we wanted to get going. i think everybody is pretty excited about it. liz: we also have the announcement they will have a deal when it comes to the free agency, 6:00 p.m. friday, november 20th. that's really soon. what are you looking for on your team? is giannis solid? >> i hope so. i really think he is. look, we are going to try to make some moves but i think other teams will. we are going to try

[ inaudible ] but i don't think we will be the only team doing that. hopefully we will be able to find some that will help us. liz: what can you anticipate the news of a pfizer vaccine being available we hope sooner rather than later will really mean for the fans and for you as you look at an empty arena over the prior season? when do you anticipate you will be able to see fans coming back through those doors and getting that revenue? >> i think the good news we're seeing the same thing you are, hearing the same thing you are, that hopefully people are getting the vaccine by the end of december, so i think what will end up happening is hopefully by the middle of march, early april, people will be able to get back into the stands and i think the first half of the season will be a little bit harder and i think the second half of the season should end up being great because we should be able to

have fans by then with the vaccine hopefully reaching everybody. liz: yeah. we're looking forward to that. you're big on distressed investing and there was a lot of that available during the worst points of the pandemic. you jumped in on hertz debt. very interesting moves, with that company which did declare bankruptcy. how is that playing out for you when it comes to the situation with hertz bonds and the debt and what opportunities you see with that right now? >> well, the bonds have moved up substantially since then so that's done really well. we have a couple other situations, frontier communications so a number of companies where things have actually worked out very well. i think what you're going to find [ inaudible ] is more on the rescue side. people still need capital. there's a lack of liquidity out there. the good news is that we now

know things are going to be -- it's a shorter time frame so whereas it would have taken two to three years for things to get back to normal, i think now it will take about one to two years to get back to 2019ebitda so overall it's pretty good. if you've got capital today, it's great. that's one of the things we have. liz: there was a theory the markets were jumping because of a divided government. i want to get your thought on this news that is just hitting the tape. it appears that thom tillis has just won and cal cunningham, his rival on the democratic side, has conceded. that does start to tip the balance a little bit more toward a republican senate. you've got the democrats who run the house at the moment and then tell me what you think about what is playing out to be a democratic house, republican senate, although we still need to wait for the georgia run-off, and of course, biden elect as the president.

>> right. i think wall street actually likes having a little bit of a divided government so having a senate that's republican, i think that's one of the reasons you have seen wall street do extremely well. look, i think for me, i think having president-elect biden, ultimately president in january, i think that's going to be really positive for the country and i think the market is telling you that that's going to be positive, and the fact that we've got a vaccine, i think all in all, it's going to be really good going forward. liz: let me go back to some of your investments here. last time you were on, you had made a big bet in the airline space. >> yes. liz: you were going to get a lot of revenue from a certain type of deal. talk about how that deal has been structured and can you name the airline that it was with? last time you couldn't. >> yeah. i still can't. we have a confidentiality agreement. i actually don't want to violate

that. it's one of the major airlines. listen, i think with the vaccine news, it's all positive. i think for us, we were hoping things would get back to normal within a year. it looks like now things will get back to normal even quicker. so i think for airlines, this is great. i think for travel and leisure, it's great. for casinos, it's great. when you think about where you need to have people closer together, i think you are going to find that people are going to travel more. on the business side, there may end up being a little less but i think you will find that air travel will be close back to normal from where it was pre-covid. i think by the end of next year. so for our investment there, we are getting a 15% current so we own the planes and have leased those planes right back, so i think that's going to turn out to be a great deal for us.

liz: you took a lot of risk. you jumped in when it was scary. you didn't know how deep or shallow the water was. that's when you get the big payoff. thank you for joining us. marc lasry. keep an eye on the dow right now. we were just around, up about 210 and now we are up 253 on that news that republican thom tillis has won the senate election, hard-fought senate election in north carolina. as we watch this dow, now ticking back up to about 1% to the upside, the need for hyper speed. richard branson edging out elon musk in the hyperloop race. we have the video to prove it. we will show it to you guys. 17 minutes before the closing bell rings. russell 2000 still the percentage winner at this hour. that will be the headline of the day for the markets. the small caps, the winners. all otc pain relievers including voltaren

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liz: yes, the s&p and nasdaq are down, but the small caps, i just told you, the russell, having the day and the sun at the moment. the russell 2000 is flirting with a record close. that would be its first since august of 2018. it's been awhile, right? a finish above 1,740 will do it. we are at 1,735, almost 736 right now. let's show you the leaders and laggards. r revlon, we cannot ignore the story, is the leader at the moment, jumping 47, almost 48% as we head into the close. 12 minutes away. that would be the largest jump in the stock's history. surging very dramatically. it was halted earlier -- well, due to volatility. everyone's saying what's the news? not clear right now. but we do know they had a big debt swap that they were

expecting to participate or at least have the bond holders and investors to participate in to prevent its debt from accelerating. perhaps that worked out. we have to wait and see. at the moment, with the stock still down about 70% year to date, we got to keep in mind that revlon having a great day for now. peabody energy is the laggard down 23%. this of course is an 83 cent stock. been tough for peabody over the past couple years. leaving elon in the dust? not many people do that. richard branson has taken the lead in the hyperloop race. the billionaire's virgin hyperloop, look at this video, completing the world's first passenger test of the ultra high speed mode of transportation. two testers went into that thing, this is magnetically lifted, going 100 miles per hour but in the future it could go 600 miles per hour. branson says the successful test run proves that the spirit of innovation will indeed change the way people live, work and travel for years to come. the end game for virgin hyperloop is this vehicle that could carry up to 28 people.

top speed, 670 miles per hour. in other words, that three-hour trip from new york to d.c. would be reduced to 30 minutes. of course, just as virgin air has the purple lights on it, this thing has the purple lights as well. virgin hyperloop and there it is. big test, big successful test. for the soon-to-be biden administration, all of president trump's deal-making may very well be under review. will tiktok's deal with oracle be under the microscope as well? to charlie gasparino with some new details. charlie? charlie: yeah. i got some new details on this, liz. we addressed this a little bit yesterday. also have new details on the potential sale of cnn from at & t. let's do this first. what i'm hearing from my biden sources is that the tiktok deal, the arrangement between oracle and tiktok, oracle essentially -- i don't know, they're not really buying it but

they are kind of partnershiping with it and maybe they are going to benefit from an ipo at some point of tiktok u.s. which was also discussed. that whole arrangement, if it's not done during the lame duck, if the current administration doesn't approve it and they were kind of on the border of doing it, kind of yes, kind of no, until the election heated up, if that doesn't happen during a lame duck it's going to get a fresh review from biden's people, economic people. two things i think with the biden people are concerned about. they don't like the fact that the president, the white house was so deeply immersed in the deal making. they were, let's be clear, president trump was voicing his approval of oracle. he wanted a payment from microsoft when they were still in there. all that sort of direct congressional -- presidential involvement rubs them the wrong way. the other thing that rubs the biden people the wrong way is larry ellison's ties to trump. also general atlantic and sequoia have very close ties to the republican party. this wasn't a real sale. a lot of people were going to

make a lot of money that are rs next to their name or gop. that bothers the biden people. that doesn't mean they won't approve it. okay? i have been told that. they haven't made up their mind. it will just get a review. let's go back to at & t and cnn. a couple weeks ago or was it last week, time flies, wasn't last week. last week we were immersed in the election. we were reporting about how people, how bankers were pitching a potential sale of cnn to sort of unlock it from the at & t broader company for a lot of reasons, including at & t has debt. there was a huge rumor out there that jeff bezos was interested. clearly bankers were chatting this up. what i'm getting from my sources inside cnn is that they really do believe that at & t would like to sell them. the question is, can they sell them, can you literally unlock it from at & t and the reason why at & t wants to sell them, odd cultural fit is one thing, you know. they need the money, number two. the other thing is can they find a buyer. the reason why people are chatting up bezos, there's not a lot of people that can do this.

bezos, maybe. peter thiel, maybe. i don't know. warren buffett if he wants. i don't think he's involved in journalism. but you know, you see what i'm saying. so this thing ain't going away. again, not an easy sale. liz: he owns "the washington post." he loves newspapers, that's for sure. charlie: that's why [ inaudible ] it was logical. one other thing i want to point out again, this adds a little to the drama. jeff sushzucker, head of cnn, pe say his future there is up in the air. given all that's going on. a lot of news there -- liz: one quick thing, charlie. charlie: yeah. liz: one quick thing about oracle and tiktok. my sources were telling me they felt they would get no reprieve, these were people inside tiktok, from a democratic administration. president trump was breathing down tiktok's back as it's owned by the chinese company but he didn't expect that the democrats would be any easier on this

company. so we shall see. charlie, thanks very much. we'll be right back. . . some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid, you

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liz: we now have 3 1/2 minutes left before the closing bell. the dow up nearly a percent, 244 points to the upside. s&p pulling back by just under a quarter of a percent. the nasdaq down 172. look at the dow transports. they are speeding toward a record close. we have them at 12,099. up 1.6%. you saw the nasdaq, two days in a row with triple-digit losses. we're hearing a lot of so-called rotation out of big tech names, namely the fangs. what is next? our "countdown" closer is researching corners, far far-reaching corners of the rally, sandy berger is from

asperion. sandy what is chief in your space? >> liz, we lovall you stocks. value stocks are so cheap right now. there are great names. pfizer one made a lot of news yesterday. coca-cola, johnson & johnson. solid companies doing well. they have really attractive dividend yields we think are important. as we look over several years, the vac soon as it makes its way through and economy can start to recover we think the stocks will deliver very solid returns. we are very excited about them. we are having lots of conversations with clients who have been enthused about them as well. liz: they are solid names through thick and thin. up for quite some time. what about location out rotation out of bonds? we see yields down. yields rise. what is the underlying story there? >> we have been moving away from bonds.

we're keeping some in the portfolio. we still like them as a volatility protectter. because yields are low, concerned about returns net of inflation, because some stocks i was just mentioning are offering such high dividend yields wave been definitely rotating out of them. imagine we'll continue to do so looking for opportunities to buy on the dips that has been working out well for us the last few months for sure. liz: what do you foresee for the markets in 2021? we're getting very close to december 31st. >> liz, 2021, so done with 2020. we're enthusiastic. we think, as i was mentioning the vaccine, really great news yesterday. we think there will be an end to covid in the future. and that should help all of us get out of the house. it won't be about the stay at home stocks anymore. it will be all about get out and livestocks. we're excited about that.

we city there are opportunities for things to come back in the year ahead. liz: sandy, good luck to you and the gang. [closing bell rings] there is the closing bell. big day for the transports. lyft earnings out "after the bell." that is it for "the claman countdown." connell: investors pulled back a bit of a stocks hit the all-time highs yesterday. i'm connell mcshane. this is "after the bell." the dow lifted more than 260 points. weakness in big tech is dragging s&p and a lot on nasdaq, down by 1.4% or thereabouts in today's trading. our fox team coverage includes the market action from ashley webster, blake burman from the white house. hillary vaughn is live from wilmington, delaware. we start withy.