covid-19 normal flu rapid antigen test that will decipher between covid-19 append normal . we think fair value, 325 to 350. charles: qdel, could be up 50%. nate, thank you very much. liz, we are hanging by a thread but still to the upside. liz: my friend, you are never hanging by a thread. we thank you for the service you have given to this country. thank you so much. charles: thank you. liz: on this veterans day, yes. the nasdaq bringing the heat in the bottom of the ninth. it's big tech power hitters looking to knock out any doubts fueled by the rotation out of the sector over the past two sessions. what happened to that? the dow looking for its third win in a row. the s&p going for back-to-back gains and yes, the nasdaq up

193. dow looks kind of squishy here, down 70 points. also rising and in a very bad way, covid levels. coming up, physician and creator of ai-powered symptom tracker buoy, andrew lay, on the role his startup is playing to contain the virus as it viciously rears its head again. tiktok versus the trump administration. in less than 24 hours, that deadline for the wildly popular chinese owned social media platform to sell itself to oracle, that deadline arrives but is the short form video app about to upend president trump's battle against it? we go to the white house as tiktok fights to stop that clock. on this veterans day we honor two service members who sacrificed more than anyone could ever ask them to. now back at home, they are the living and breathing embodiment of the american entrepreneurial spirit. we cannot wait to introduce you

to these amazing heroes who credit one particular gift for helping them get back down to business. first, we start with a fox business alert. the hedge fund manager who is up 44% this year now betting things are about to get very tough for corporations. at a financial times event, activist investor bill ackman of pershing square capital says we are in a treacherous time and investors have gotten too complacent about the epidemic. he's now making a similar bet that made him billions earlier this year. that bet? buying insurance policies against corporate defaults, a trade that netted his company 2.6 billion. yes, goldman sachs making the opposite call. goldman just boosted its year end price target on the s&p to 3700 from 3600. we are currently hovering above 3560. we are really kind of close to 3700. not too far there. goldman, not done yet. also targeting 4300 for the s&p

by the end of 2021. to our floor show traders. tom hayes, phil flynn. what do you guys think? considering we are now topping one million covid cases in texas, nearly 140,000 new cases nationwide yesterday alone, and of course, the spiking hospitalizations, record high, more than 60,000 people treated. tom, do you take one side or the other, ackman, goldman, maybe a little of both? what's the trade you see there? >> we are celebrating two sets of heroes today. the veterans and of course, the doctors. while cases have shot up tremendously, the deaths yesterday for covid-related deaths were only nine for the whole country. so treatments are getting much better. obviously the vaccine was a huge catalyst for the goldman call because no one could have anticipated 90% efficacy so that's coming down the pike. we have moderna coming soon and a lot of good things happening. i'm going to side with goldman. the premise here is that the

consensus earnings estimates are too low at 168 for the s&p 500. he has them at 175 and the thing i'm keeping my eye on, not today but as a trend, is the ten-year yield because that steepening is going to add earnings power to banks and that's going to add a lot of earnings power to the s&p 500 next year, number one. and number two, the banks are overreserved by about $25 billion. they made those assumptions when people were looking at 20% unemployment. we are now at 6.9% unemployment so that's all going to come back as earnings power in '21 and 2022. so lot of positive things to look forward to, liz. as far as the greatest trade with bill ackman putting that hedge on his equity portfolio, it's very uncommon to have two greatest trades in one year, as we saw with the big short, it was very hard to replicate that performance moving forward. you only have to do it right once. liz: yeah. that's right.

that is true. phil, you see that two-week chart of the ten-year yield? guys, we don't want to get too wonky here but when the yield starts to spike, that's a 13 basis point jump over just one week, which means there is not a lot of fear in this market. you could look at the vix, 13-point drop since last week, seven trading days ago. which side do you take here, phil, and what's your trade? >> i go with the goldman. even bill ackman, i don't think he totally believes in this trade either. you know, that last trade really bailed him out. his fund was actually down 7%. this was the one trade that he bet on, he bet big on the corporations being hurt by the defaults and he won on that bet. but even on this bet, he seems half-hearted with it. this time we're not going all in, we're going in about 30% and basically, i hope i'm wrong,

because what that tells me is that he's doing this -- liz: he did say that. >> yeah. you know, he's doing this as more of a hedge, and he kind of believes the market's going to go up but this is a just in case scenario. the worst thing for him obviously is this vaccine because the odds of the vaccine, low interest rates which we have been seeing, right, that's going to be an interesting thing. but you look at those bond yields, surprisingly, you look at the 30-year bonds, they are making the loans on the futures, the high on the yield, ten-year yields have been falling. i think that could chart a little bit. i think it's a little bit overdone. but i think the way i would play it, i think i would want to be, the short end of the curve if we get this vaccine i think could gain him the longer end of the curve. liz: okay. is that your trade? do you look at anything that's just horrible right now, tom, you would say forget it, this is not going to be a good play? >> well, tell you what i do like. i like fox corporation, believe

it or not, over 80 million subs, you get a piece of "the claman countdown." they have authorized over $2 billion of buy-backs. they bought $500 million of shares back at $35. you could go into the market right now and buy it at a discount to the company. i think the trends are very positive coming out of this new business cycle. liz: sold. i'm sold on that. thank you very much, guys. good to see you, tom, phil. we appreciate it. we need to tell you about covid-19 cases. you know they are continuing to spike to record highs across the country. with the u.s. now, we clock about 10.3 million cases, 240,000 deaths, bringing new shutdowns to states across the country. sort of pinpointed shutdowns but minnesota, new jersey, maryland, massachusetts, those names are all hunkering down, spreading the message put out there by the cdc, please wear your mask. a goldman sachs study says 15%

more people in the u.s. wore masks, it could save $1 trillion in economic losses and prevent more shutdowns. let's get more on the cdc's message from the white house and what we will also tackle this tiktok story but first, the cdc, blake, who's listening, who's not? reporter: new guidance from the cdc that was put out that basically says wear your mask. the updated guidance says there is a benefit for the actual person wearing the mask, but also those who are in the vicinity of that mask wearer. they also talked about the economic benefits of mask usage. for example, in that new cdc guidance, at one point it says the following. i will quote here. adopting universal masking policies can help avert future lockdowns especially, they write, if combined with other non-pharmaceutical intervention such as social distancing, hand hygiene and adequate ventilation. they also talk about that goldman sachs study that you just referenced saying it could mean 5% to gdp.

speaking of other big numbers and the economy, liz, the stimulus package or at least a lack thereof at this point, still no way forward as to how that could shake out here in washington. on this show yesterday, sheila bair even sounded this alarm as to what congressional inaction might mean. watch. >> we could be in a very bad situation because if households become more distressed, small businesses in particular become more distressed, they start to default on their loans, the banking system becomes distressed and then you have a financial crisis in addition to a health crisis. reporter: everything that we have seen suggests there is not going to be some sort of stimulus package any time soon. you also mentioned tiktok. there is of course that cfius deadline tomorrow, cfius, the treasury department, the other building behind my shoulder. tiktok has said they haven't

heard anything really in terms of updates from the trump administration in the recent days and weeks, and they are trying to see and at least wait as to how all this may or may not shake out in the upcoming 24 hours or so. liz? liz: well, yeah. it's 24 hours and tiktok's complaint as you know, they are going to file this petition, their complaint is that they have not heard from the trump administration about all the issues that they feel they have remedied. we shall see. chinese owned, we can look at oracle's stock. i want to quickly check that at the moment because oracle is the one that says okay, we'll pick you up but it's really not even a purchase. it's simply a very small partnership which does not fall under the you got to sell yourself and completely divest to a u.s. company. reporter: yeah. there were all these back-and-forth about who might they partner with, how would all this work, what are the securities concerns, the securities concerns being the whole cfius process in all of this.

tiktok is saying we haven't really heard from the trump administration what's going on here. we'll see, i guess, how it plays out here shortly. liz: maybe it's no longer a priority. we know things are crazy and busy in washington, where you are. blake, thank you very much. okay. then we've got this. as americans wait on the next relief package to form, as blake just said, it ain't forming, retail giant gap partnering with afterpay to bring a buy now, pay later feature to its family stores, old navy, gap, banana republic. customers who shop online can pay off their purchases in four interest-free installments. shares of gap down about 2.6%. on the perception, perhaps, that maybe they will lose money on that deal. we shall see. afterpay jumping 4%. now eight months into the pandemic, a protein focused restaurant chain jumping on the meal plan delivery band wagon.

the stock reaction may just tell you whether the covid trade is still hot or not. closing bell ringing in 49 minutes. the nasdaq jumping 201 points. we are going to show you that restaurant chain and what it's doing next when "the claman countdown" returns. we all have our own journey ahead of us. our own hopes and dreams. we'll pass many milestones.

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go to aerotrainer.com, that's a-e-r-o-trainer.com. liz: fox business alert. while we know coronavirus is spreading like wildfire right now, two stocks are giving us an indication as to whether the covid trade is on or off. let us look if we can at muscle maker grill. it is off the premarket spike. this is a microcap, by the way. it's off the premarket spike of 11% that we saw earlier after it announced a deal to roll out an online meal plan delivery service, but the stock is still jumping 6.5% on belief that its health conscious clientele will pile in with orders. as investors weigh that, look at yelp. yelp is down .66%. listen, evercore believes in it, giving it a big vote of confidence to shares of the restaurant review crowd sourcer. evercore has raised the target price to 37 bucks. right now it's at $28.51. with an outperform rating,

saying a post-pandemic world is great for the stock but obviously, still not in there. it should be fine for the company and it will still have traction due to restaurant and takeout demand. month to date, yelp is up 50%. sticking with the dining during the pandemic theme, chipotle mexican grill opening its first takeout only restaurant saturday in highland falls, new york. this location will have a kitchen and a lobby but no dining area. customers place their orders online and you can pick up or get it delivered, but there's no real interaction at all there. chipotle mexican grill stock up 5.25% on that news. look at fubu tv hitting an all time high after it reported a rise in third quarter revenue, forecast a higher fourth quarter and paid subscribers hit a record high.

it's jumping 5.7%. the great rotation out of tech stocks is kind of missing in action at this hour as tech shares make a comeback. look at market cap of apple. right now, it's jumping 2.6%. its market cap is now back above $2 trillion. and the nearly 3% bump, where did that come from? well, after yesterday's big one more thing event during which the tech giant unveiled three new mac computers to its portfolio, all powered by their very own apple m1 chip. then we can look at zoom. zoom, after monday's pfizer vaccine news, dumped water on shares of the video conferencing leader, zoom is enjoying quite a comeback. it's up 8% at the moment to $406.70. but you know, you look at the beginning of the last couple of sessions, you can see that that tech rotation everybody thought oh, this is it, this is for real, well, yeah, look at the nasdaq. we have put that back up on the bug here. we are up 204%.

those two names barely scratched the surface of the tech stock resurgence we are seeing right now. let's get to cheryl. she's got more leaders and some laggards? cheryl: interesting story here, because alibaba, first the good news, set new records for its singles day, their version of prime day. they clocked in $56 billion, yes, billion, on the first day of the event. a total of $75 billion in sales in total. but the stock has been under pressure due to regulatory issues and concerns in china. there is worry that the chinese government is going to clamp down on technology companies like alibaba. the stock right now is down more than .25% but remember, it's up about 25% year to date. there's the context for that one. speaking of tech and regulatory issues, amazon is feeling the heat. the european union is charging the e-commerce behemoth that it is quote illegally distorting competition in online retail markets. so the commission has decided to open a second investigation into amazon. the question now, does that spill into the united states. the stock is up today, as you can see, almost 3%.

amazon also up about 68% year to date. then i want to leave you with this one, our favorite stock, peloton fresh off the big news they secured an exclusive partnership with none other than beyonce. you love that, right? the stock is outperforming as you would expect, up 273% year to date. right now it's up 1.5%. it didn't get a big boost from the news but that was also on the heels of the pfizer coronavirus, you know, the vaccine, excuse me, news out of pfizer and biontech on monday. so it's been kind of an interesting week for these companies. liz: well, so much depends on whether people feel comfortable going back into public gyms. we will be watching that. for now it looks like peloton's in a sweet spot. thank you, cheryl. here we go. i keep looking at the nasdaq. we are up about 207 points. they went to far-off war zones to serve and came back gravely wounded and hanging by a thread.

but on this veterans day, you are about to meet two heroes who endured the unimaginable, came home and now run their own very successful businesses. how did they get back on their feet after losing their legs? with the closing bell ringing in 40 minutes, we are about to let them tell you their incredible stories when "the claman countdown" returns. i'm telling you, you cannot move. you have to hear the story of greg and joe. ith achievable steps along the way... ...so we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. oooh, well... i'm good at my condo. oh. i love her condo. nana throws the best parties. well planned, well invested,

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simplify diabetes. simplify life. omnipod. liz: president trump and president-elect joe biden both honoring the nation's fallen on this veterans day. president trump at arlington national cemetery and joe biden at the korean war memorial in philadelphia.

now look at these two heroes. u.s. marine corps sergeant greg caron and u.s. air force master sergeant joe delauria. both men had their legs blown off when they stepped on roadside bombs while serving in afghanistan in the fall of 2011. today, they are not just vete n vetera veterans. they are now american business success stories and we welcome sergeant greg caron, founder of americare and master sergeant joe delauria, founder of jr custom metal engraving. i need both lawn care and metal engraving so you just got a new customer. right? it's so great to have you. i want to start with you, joe. joe, when you got injured while serving as an explosive ordnance disposal team member, your wife was eight months pregnant and your life ended up hanging in the balance. how difficult was the journey from then to running your business now?

>> it was really a long journey initially when i was injured. you kind of just don't know where you're going to go and what we're going to do. thank god that i was able to come home and she was there to support me and we support each other. we are a great team. it's been so amazing, this long journey coming back and recovering and finally getting back to work and being a productive member of society. liz: tell us about jr's custom metal engraving. why did you pick that and how is that business going? a lot of people who have never suffered the wounds that you have find it very difficult to start a business. >> well, in the beginning, i was looking for a job and i just didn't really want to work for anybody. i always wanted to be an entrepreneur. i decided to start my own business and i had done some market research and found that

there was a need for engraving, whether it was in metal or any other type of material. so i just kind of dug in and jumped in with both feet and started doing my research, and got some machines with the aid of building homes for heroes. liz: we will get to that in a minute. those are my peeps. all right, sergeant, i want to get to you and really focus on the fact that unbelievably, you suffered your injuries november 11th, 2011, on veterans day. talk about that moment and what went through your mind, am i ever going to have a regular life? what is life going to be like? and then you fast forward to today where you have a thriving lawn care business. >> yes, liz, and i'm very thankful for building homes for heroes for coming into my life

after my injury. andy, the founder, he's just really stepped forward and involving us with their family and having that and having them support us thahas really helped through my recovery over the last years, which led me into starting my own business here a few years back. i was working for a gentleman and he was getting ready to retire. i enjoy being outdoors, it's peaceful to me. i just found a lot of peace in it and i just wanted to stay in that same routine. that's where i felt comfortable. so he offered me the opportunity to kind of take over his business and i started off with 40 of his accounts, i created my own business, obviously, then from the beginning three years ago to now, i'm up to 160 accounts for mowing, weekly accounts, and everything's going really well. the community around me has

supported me. building homes for heroes has supported me. my wife, she's my number one teammate. she keeps pushing me. so you know, i'm so thankful to be here today and not only that, but to now start and run my own business and kind of give guidance to the people of our future, you know, the younger generations where they can see, you know, we all face different challenges in life but they can see regardless of any outcome or anything like that, that anything's possible as long as you're motivated and you want to do better for yourself. liz: you know, it means so much to us because of course, for our long-time viewers, they know that this has been my passion project, building homes for heroes.org, where we build custom mortgage-free homes to hand directly to the most wounded veterans, the worst

wounded, and these homes are customized to every single detail. joe, can you tell us what helped you about that home and by the way, everybody should go on, i don't care if it's $5, 50 cents, 50 bucks, please donate. the numbers at the bottom here, building homes for heroes.org. what specifically about the house helped you? >> it really helped, you recover mentally, you recover physically at walter reed or any of the other fine hospitals we have around the country that serve veterans that are wounded. the house, you know, it gave us a home for us to build our family and luckily, we were able to have another child as well so we have two children, one pre-injury, one post-injury, and we expect, i mean, i didn't know what to expect from it, from an organization like building homes for heroes. the home was a gift but the whole family of veterans that you fall into with this

organization, like andy has done, and you have seen it, liz, it's an amazing organization. the team building we do, with the grants they have given, the continued support, even with these times with covid and they have given us grants for that and to keep us going in tumultuous times. it's continued, continued support. liz: joe, greg, no one should come up with any excuse as to why they can't reach for their dreams, looking at both of you. we so appreciate your service. thank you. on this veterans day, you know i'm really thinking a lot about my great-uncle jack fabish who of course was in the canadian military. he served. you know, lieutenant sergeant jack fabish in the royal canadian artillery. he died in the normandy invasion. i got to visit his gravesite on

the windswept coast. that's me and my sister in normandy just two years ago. we found his grave among the hundreds and hundreds of them. yes, canada, england and of course, america, lots and lots of heroes that we thank and remember today. if you are so inclined, please think about these heroes who have survived. building homes for heroes.org. anything you can find in your heart, it would mean so much and greg and joe are just two of many that the need is so, so great. the lines are long of the worst wounded that are still coming back from the war theater. please think about it and thank you so much. when we come back, much more. ♪ ♪

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liz: we are going to show you teledoc. teledoc is getting a double dose

of positivity as we head into the final 13 minutes of trade here. we've got the virtual health care provider rising 5% after raising its fourth quarter revenue forecast. that good news coming on top of bullish comments from cowan. cowan indicating the performance of telehealth won't be neutralized by a covid vaccine. the need will still be there. but what does this mean for others in the virtual health care space which has really blossomed during the pandemic? enter buoy health. this is an ai-driven assistant that helps people self-diagnose to get the right care at the right time. is it flu, is it pandemic, what is it? helps you do that. the venture capital arms of major insurers cigna, humana and united health are so interested in this particular name that they just closed $37 million funding round and that now has buoy's valuation sitting at nearly $200 million. buoy health ceo dr. andrew lay running the whole show. doctor, talk first about what

exactly makes you guys different from all of the telemedicine names we have been talking about over the past eight months. >> great question. we are a telemedicine company. we aren't hiring doctors to sit on the phone and talk to patients. we are really, if you think about telemedicine as one of the front doors to health care, we are really the sidewalk to the front door and what we are trying to do is help people figure out whether i should call a doctor at all or whether i should stay at home or go see a doctor in person. we are really helping people make that navigation decision on what kind of care i should seek and when. liz: so who's signing up for this? i would imagine there are a lot of companies who are trying to get their employees back into the office, schools and how do they hook up with you and what is asked within this app? >> so employers of all kinds and also large insurance companies are using buoy right now for purposes of navigating the

pandemic, and when it comes to reaching out, they will reach out to us directly, we will sign them up and then have all their employees start using buoy and today, one of our products, the employee is actually self-assessing their symptoms and if they are asymptomatic and haven't traveled anywhere, we will give them a pass to come back into work. if they have symptoms, we will obviously help them navigate to getting testing, to getting to a doctor to talk to them, and give them the help they need. that's kind of our back-to-work product. our core product is on buoy.com. you could go there for free for any kind of situation that you ha have. and it will help you figure out what to do next for your symptom or for your illness. liz: what's your business model? obviously you've got venture capitalists falling over each

other to put seed money in here. how are you planning to make money? >> so we sell an enterprise product to self-insured employers as well as health plans, and they buy the enterprise version of buoy that gets customized to their specific network of doctors, specific telemedicine services like a teledoc, such that when one of their members or one of their employees has a question and is sick and doesn't know what to do, they can go to this enterprise version of buoy. they don't pay anything but now get navigated into the in-network service that's perfect for them. the consumer, though, whether they come to the enterprise product or go to buoy.com never pays for buoy and it's paid for by that employer. liz: we like free. investors like subscription. you are a harvard-trained medical doctor.

do you miss practicing? are you somehow able to still continue to keep one foot in that? do you eventually think about going full-time back into medicine? >> it's a great question. i actually started the company when i was in my last year of medical school and ended up taking this very long delusional sabbatical from school because i kept seeing all these patients who were googling not going to the doctor at the right time. i ultimately went back to finish and when i went back to finish, i started thinking about do i, you know, start practicing and what i realized was that for buoy, we see a new patient every 13 seconds. even if i was the most efficient doctor on earth, the impact that i could have as an individual versus what i could have through a company like buoy was just apples to oranges. so decided if i really am thinking about helping people at scale, what we are doing here at buoy can make a lot more of a difference for a lot more people and decided to go back to

running buoy. liz: my dad was a surgeon and he would say oh, my god, google, it's great but my patients keep calling and saying i saw on google and then five different answers to one single question. it can be a little tough. good luck to you and buoy. we will be watching the development. >> thanks so much. thanks for having me. liz: dr. andrew lay of buoy. coming up, we have a veteran broker-dealer who's making big money even as the constantly shifting markets and political backdrop keep you, the investor, guessing. he's joining charlie gasparino in just a few moments. and kodiak cakes. i know you have been hunkering down during the pandemic and making pancakes. this guy, joel clark, went from towing his red wagon at the age of 8 around his salt lake city neighborhood with his mom's flapjack mix at 8 years old to

building a multi-million dollar pancake powerhouse. you will not believe how long it took him and the mountains he had to climb. but he found the recipe for success. you got to hear this. it's my latest episode of my everyone talks to liz podcast. hear how joel scaled mountains through his journey to find sweet success. it's on spotify, apple, wherever you get your podcasts. it is the great american dream story. with a twist. yum. all right. closing bell, 16 minutes away. the nasdaq increasing its gains. we are up 220 points. we'll be right back. ♪

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really flat. could we turn positive in the next couple of minutes? it's the nasdaq that's the star today, up about 224 points or a gain of nearly 2%. the s&p jumping 25%. on this veterans day, you know, we often find these stories weave in and out of the financial markets. elton johnson is a man who fought and served our country for more than three decades, seven different deployments and now runs a broker dealer. he joins us along with charlie gasparino, his friend, and welcome to both of you guys. i want to first start with the tumultuous markets and you as a broker dealer are seeing flows and managing to keep the piping open and flowing during this constantly shifting ground underneath our feet. >> well, liz, i'm happy to be here, first of all. i have been a stockbroker for 43 years. the fact i'm still working gives you an indication of what an expert i am on the markets. but i will say the --

[ inaudible ] last three days of the market and how long it continues, we have no idea. i think there will be a lot of surety and more and more people will step to the sidelines as the election process draws out. it's tough to call. charlie: charlie gasparino here. nice to meet you. your bio is impressive. but here's the most impressive thing, i think. you went off to war, you had to -- i guess you were in the special forces at that point. you had to put your business on hold and then you came back and restarted it. and you restarted it as a business that basically dedicated to soldiers, wounded vets. can you tell us a little bit about that? >> sure, charlie. amerivet is the only disabled vet owned, minority owned broker dealer on wall street where the

ceo and the disabled vet is a combat veteran. what our primary purpose is is institutional markets, where we try and form relationships and create opportunities for veterans on wall street. we have been around 26 years but as you said, most people have never heard of us because for a 12-year period, i was actually on active duty so the firm was inactive. the first inactive firm, by the way, since world war ii because of my situation. liz: wow. that's unbelievably gutsy. to me, to put that on hold, americans think about the american dream. part of it obviously for you was to serve your country. what do you make of the situation that you see right now with the markets and how frightening it is, we are seeing something we have never seen before at least in our lifetimes and that is the pandemic, and what is your advice to investors right now who may be trying to navigate through this? >> my advice to investors is just to remain calm. that's the primary thing.

i have seen everything. i remember the hoopla when the dow hit 1,000. i have seen stuff that i have never seen before. this is something brand new, it's something we have never seen before. it's similar to being in a combat situation. you have to stay calm, stay what they call mission oriented. what i call battle focused. just have your goals in place and stick with your routine. it's the best you can do. charlie: let me ask you this, since i know you guys do some degree of municipal bond work. i know one of your guys specializes in that. old friend of mine for many years. he worked at merrill and various places and now he's working for you. where do you see the muni bond market going? there's a lot of conflicting trends. for example, new york city and new york state needs to issue a lot of bonds but are facing massive budget deficits. are muni bonds a place where people, because of the pandemic, obviously, are muni bonds a place where it's still attractive right now for the average investor?

>> i got to tell you, charlie, i'm the type of guy who likes to stay in his lane. munis is not my expertise. i do know from talking to frank, they are having a tough time. because of the covid situation, they are hurting business-wise in regard to their revenue. so i don't know how that's going to pan out but i think some way, somehow they will find a solution and this thing will work itself out. it just remains to be seen. charlie: i want to make sure, you are completely retired from the armed services, correct? >> i did 37 years, wanted to do 40 but i was caught up in the mandatory draw-downs back in 2013. basically they had to drag me out of the service because i enjoyed being in the military. i'm very proud of what i do. charlie: my dad was a marine. liz: we are proud of having you on. wow. >> tell you the truth, the marines was what i was set on. i wanted to become a

paratrooper. i was in the marine reserves and of course, the budgetary issues with the marines, it was impossible for me to do that. i transferred over to the army, became a paratrooper, got my commission, did some time in special forces but i didn't get tabbed and then 9/11 came along and boom, i was gone with all the other reservists. charlie: good luck with your business now. the country thanks you. liz, thanks for having him on. thanks for having me participate. liz: of course. you kidding me? well, listen, we thank elton. for tours in iraq, afghanistan, 37 years. thank you so much for your service. and for what you are doing today. charlie, elton, we are coming right back. we have about six minutes before the closing bell rings. the dow has just turned positive. we are going to call this the elton bounce. all right. we have made it through. we will see if it holds. stay tuned. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market.

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s ♪. liz: we have the closing bell ringing in just under three minutes. the nasdaq is telegraphing to its doubters, hold on. big tech heroes roaring back to life after a beat-down the past two days. the dow is the real nail-biter at this hour. blinking in and out of the red. we were down 28. we turned into positive territory but not quite right now. the s&p about to rack up the second upside day in a row with a gain of 25 points. we got oil inventory reports from the api, the american president troll yum institute, showing a larger than expected draw down in commercial crude down 1.5 million barrels. that is a surprise because people have not been driving that much but the department of energy es eia report comes out tomorrow. we're forecasting for them a 1.9 million-barrel drop in crude stockpiles. toby lofton says go into energy

names. he has five billion in management with the ecp energy fund. toby, nice moves. what do you attribute the moves at the moment considering the usage of oil has really, demand has not been there? >> well, liz, as we talk to the companies in our portfolios we see demand recovery has been happening for months now, particularly with the mid dream companies that move refined products and natural gas. so we're not all that shocked by that. i think it's corroboration of what we've already been studying liz: you like conocophillips, concha resources, pioneer. tell us why you think there is a common thread with all these particular names, which by the way are flagging a just a little bit today? >> the energy transition to renewables is underway, there is no question about that if we have a biden presidency, the policy will be more favorable towards energy transition but it

won't be dramatic policy changes bus that will penalize the consumer at the pump. [closing bell rings] the flipside you will have supply decline as you go into the later years. 2021 -- liz: okay. toby, thank you. when we hear the bell we have to hand it to connell mcshane. connell: thank you, liz. big tech climbing higher today. that was the real story in the market the bounce-back in big tech. the dow between gains and losses, looks like it will settle lower, certainly off the lows of the session however. you look at some names, the big financial and industrial stocks winners in earlier the week were a drag. it is settling down some. s&p 500 had a solid day, percentage wise 3/4 of one percent but its with the nasdaq that was the story. that is today's real winner.