charles: we will leave it right there. perseverance, stay the course. great information. keith fitz-gerald, appreciate it. liz claman, got a little c.p. effect. we were down and we are kind of getting momentum into your last and most important hour of trading. liz: indeed. you know what? it was minutes after your two-hour news conference where rudy giuliani alleged that a communist plot helped skew the u.s. election, the voting machine company at the center of his accusations is now fighting back. we are going to get you the very latest. market yin and yang has investors hitting the buy button. the dow joining the s&p 500 and the nasdaq in positive territory. this turn-around happened in just the last hour. conflicting coronavirus news and econ data putting a lid on the rally. two more companies revealing hopeful vaccine news, pushing it up. but then offset by increasing

lockdowns as coronavirus cases spike. home sales hit a 15-year high but weekly jobless claims unexpectedly rise. i have a question for you guys. is chicago the nation's canary in a coal mine, as new york city's mayor warns indoor restaurant dining is on the verge of shutting down again, and the center for disease control today recommending against thanksgiving travel. we are live in the windy city, where it already begins to lock down again. refi rush as urban dwellers flee covid and the big cities. mortgage rates are nearing all-time lows. at the start of the pandemic, mortgage guru barry habib told you right here on "the claman countdown" wait to refinance because rates were going to drop more. he was right. he's about to tell you where rates will go next. it's his big 2021 prediction. the woman with goop on her hands. the venture capitalist who backed the super-hot retail site

is here on whether the hollywood a-lister is ready to go public. first, we have a fox business alert as covid cases replicate at just an astonishing pace. new warnings have just gone out across the country within the last few hours. total cases, more than 11.5 million as deaths push beyond the quarter million mark which we told you yesterday it had just hit. we are now at 251,445 deaths. all right. let me get to certain city developments. new york city schools shut down today after reopening just eight weeks ago. denver, colorado and the entire state of kentucky have also switched to remote learning. but the nation's top infectious disease expert, dr. anthony fauci, says the united states needs a quote, uniform approach rather than a disjointed city by city response that we are currently seeing. but waiting for that is not an option for chicago. let's go live to chicago. grady trimble is there as the stay-at-home order looms over the windy city. what does it look and feel like?

reporter: we are about as close to another stay-at-home order, lockdown, as you could possibly be without calling it that. starting tomorrow, new restrictions go in place here. we are at the iconic field museum. this museum and all other museums in illinois will have to close tomorrow. so will casinos and movie theaters. retail stores on michigan avenue, they should be gearing up for the busy holiday season. that's not happening. they are going to have to cut back to 25% capacity, as will gyms and salons. bars and restaurants haven't had indoor dining for several weeks now. they are allowed to serve outdoors but as you might imagine, this time of year in the windy city, that is not exactly ideal. similar restrictions in place in michigan and minnesota as well. some states are trying to go forward with less restrictive measures, instead of locking things down, shutting down indoor dining, they are looking to do curfews. as an example, ohio is having a state-wide curfew that goes into effect at 10:00 today.

the governor there saying that he sees this as a middle ground to avoid the complete shutdown. listen. >> we're not talking about closing these businesses as we did then but what we are asking every ohioan to do is to limit your activity. limit your contacts with other ohioans. reporter: l.a. county has a 10:00 curfew going into effect tomorrow. new york, the entire state, has had that curfew in place for about a week now. some restaurants say because of that, sales are down by as much as 30%, just adding that late night curfew. it has a trickle-down effect, too. think of the ride share companies like lyft and uber. think of the drivers who work for them. they have already been hit extremely hard by this pandemic. you add to the fact that those late night rides are essentially disappearing and that spells trouble for them. one thing that's interesting is earlier this year, when the reopenings started, uber was

expecting to see a surge in people taking rides going back to work but what they actually saw is people using rides during what they call party hours. people trying to get a social life back. it's very difficult in many of these cities and states with curfews to have any social life. it's extremely difficult in a place like chicago and all of illinois where indoor dining and bar service is completely shut down. liz: i know. it's starting to happen, you feel it here in new york city, too. grady, thank you very much. look, even with the new wave of shutdowns looming, investors have actually been shorting volatility because the markets have been remarkably calm. look at the vix index. this is the fear index. it gives you an indication of how much fear's in there. well, we are actually down for the month so far 39%. there's really been no fear. but even other vix products like pro shares ultra vix short-term

futures which provide leveraged exposure to the s&p 500 short-term futures, that's even worse. because you know, we haven't seen any volatility, down 42% but let's bring in our traders. tom hayes and phil flynn. tom, low volatility but should investors still have their guard up? because i'm looking at an inverse one. there's svxy and that's a short vix, right? you bet that it's not going to do well. to me, this is a very interesting play here. but you've got to be careful, right? >> yeah. well, the vix is still elevated above 20 so if you really want to look for top or where to get extremely defensive you want to look below 15. we still have a wall of worry that we can climb. as warren buffett likes to say in the short term, the market's a voting machine. in the long term it's a weighing machine. right now, we are having some turbulence because of the voting. the situation with covid case spik spikes, the shutdowns going on around the country. long term we can look at

earnings growth next year will be well over 22% and that's probably underestimating the possibilities that we have. gdp growth is going to be 5% to 6%. you have to look through the short term and if you recall, on the friday before the election i was on, and the market was down about 900 points. i said liz, this is a rotation, not a liquidation, and we said we wanted to get involved in banks, in defense stocks and energy. since that time, banks are up 24.5%, defense stocks are up 26.5%, and energy stocks are up 34.5%. we still like these looking out 6 to 12 months. on the bank side we like wells fargo, bank of america, citibank, the net interest margin is increasing from the yield curve steepening, the reserves are going to come down. on the defense stock side we like ge and raytheon and on the energy side, we like exxon and kinder morgan. there is still a tremendous amount of opportunity. you may get some short-term

turbulence, a few air pockets, but you won't have to put on that oxygen mask. liz: yeah. but phil, at some point, somebody's going to step on the market's air hose and we are going to start to see the fares come in. what is the defense there that you see is the great play for people who might right now look at the market and say look at this resilience. the dow had been down 210 points this session alone. we have climbed back up. we are about two points to the upside. we could go negative again but it's not the worst picture of the day. >> no. it's not. i tell you what, the vix has come down pretty dramatically because a few months ago, we were so freaked out before the election, you know, that everything was going to fall apart. they were going to shut down the economy, they are shutting down europe, it looked like the final scene of "animal house," and now the vix is starting to come down because we are getting some answers to some questions. listen, if you look at today's

data, it was very encouraging. even though the weekly jobless claims weren't great, the continuing claims, you know, were getting better and the housing number was absolutely explosive, right? this is incredible. first time home buyers jumping in the market, unlike anything we have seen probably in many years. 3 30%, no distressed buyers in there. that shows a very very solid recovery. i think if you get back to the fear, usually, you know, usually you get the biggest surprise when you are not looking for it. that's when you are getting your biggest spike in the vix. all of these fears we are seeing. tell you right now, it sounds like they are talking about getting a stimulus deal. if they start getting close to that, that might be the component that's going to really start the santa claus rally. liz: congress has to act. if it doesn't want main street to fail. we are hearing it in all of the cities we all live in. there are restaurants going out of business and the domino effect is just horrific.

we need congress to start doing something here, get it together. tom, phil, great perspective. thank you very much. move over, airbnb and door dash. paypal riding his firm up to the ipo gait after a 93% revenue surge in its latest fiscal year fueled by pandemic driven demand for loans. we will soon know whether it's the jockey or the horse that really wins the startup race. gwyneth paltrow's goop creating a lot of buzz. we have the venture capitalist powerhouse backing this beauty. with the closing bell ringing in 49 minutes and the dow up 10 points, hey, green is green, folks. s&p is up 9 points after having been down. "the claman countdown" is coming right back. ♪

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liz: we want you to meet the two founders, we will put them on the screen, of what could be the next two hottest ipos.

whitney wolf hurd of bumble and gwyneth paltrow who founded lifestyle site goop. besides the fact these two extraordinarily buzzy companies have female founders, there is another common thread. venture capitalist firm greycroft's cofounder dana settle manages both investments. she saw something special in these two companies and i can't wait to hear what it is that you looked for that has you putting your money on these types of bets. you know, the two we talked about, is it the jockey or the horse, meaning is it the founder or the horse, meaning the company. before we get to bumble and to goop, give me a sense of what you look for before you say here's the green cash. >> yeah, look, these are two great examples of just incredible entrepreneurs who are in huge markets. great businesses and business models behind them. it's really both. you've got to have both. i think both whitney and gwyneth

are incredible charismatic leaders and just represent great founders who are also female. liz: i want to talk about goop. gwyneth paltrow, oscar winning actress, obviously extraordinarily intelligent, she started this lifestyle site but there are a million of those. what was it specifically about this and i do understand she just gave a presentation to investors, you were there. how did she do? >> she was fantastic. yeah. we just wrapped up our annual meeting and she presented -- i have to say, just for a second, it was kind of amazing because we had four founders present and it really was representative of what should be represented in the venture capital ecosystem. we had nick green, a mexican american, founder from thrive market and alex from open cast,

a white man and it was just wonderful, just as an aside. gwyneth, what set her apart in terms of building goop was authentic, it's her. it sort of comes from this just genuine curiosity and sense of what she's interested in and sort of exposing things to the world and there are a lot of people that are interested in what she's interested in. she does it in a very very authentic way and just super-grounded. liz: that leads me to the question about the fact it's been a very fertile ipo season and now a whole bunch of new names are starting to come to the forefront. we are expecting airbnb and door dash, bumble, which you have also invested in, a firm that's getting a lot of attention here. you want your money eventually that you put in. the lure of getting your investment back. how close is a goop, for

example, to taking that plunge and what do you need to see before she would say i'm ready? >> look, i think with any of these companies, they can go public at any time. it's really not an exit. it's really just sort of another milestone on the journey. you know, it provides an opportunity for liquidity but i think when you look at any of those companies that you just mentioned, the growth that's ahead of them is incredible. so i think when you look at it, it really is a financing event, it's frankly a marketing event and so i don't really think of it as necessarily the time to just get liquidity. we look at getting liquidity at a time that makes sense relative to our fund cycle but i mean, all those companies have incredible growth ahead of them. liz: you had a hit out of the ballpark with the real real

which of course is the consignment, high end consignment site. julie wainwright has been on the show many times. really impressed by her as well. this turned into what was an investment into a more than $2 billion ipo. let me get to bumble, then. because bumble and whitney are, you know, hand in hand. she of course had been at tinder, moved to bumble. women get to make the first move dating site. its is it a little crowded in this neighborhood? what makes you think this is a company that would do well as a publicly traded one? >> whitney started bumble. she started it with a very unique insight and it turns out that insight is something that resonated with women around the world. so again, i think bumble has grown incredibly fast. it's a very significant scale today. but again, i think they are only just getting started. and there's an opportunity with

bumble certainly around dating, but really around just authentic relationships, and i think that's what has resonated so much and what's allowed them to capture the growth they have so far and again, they're just getting started. liz: well, we're impressed by you. i would love to have you back. your co-founder over there, to me, i love both of you. i think your story's fantastic and fascinating about where the money goes and what kind of midas touch or the eye that you have is really a story that i think our viewers want to hear. please come back. thank you so much. >> thanks for having me, liz. liz: any time. dana settle. from one ground-breaking woman in venture capital to another. they said it couldn't be done, especially by an unknown in the music industry. get lady gaga and britney spears to give concerts all the way in india? the woman who helped startups

morph into billion dollar companies. she reveals the special something she had to turn no into yes in my latest everyone talks to liz cod papodcast avai right now. check it out. i would love to know what you think. going all-in on bally's. a new bull call sending shares higher as sinclair partners with a casino firm on a rebrand of the fox regional sports networks it acquired back in 2019. as bally jumps 22%, the man who broke that story, charlie gasparino, is about to join you with new details on another major deal in the making. closing bell is ringing in 39 minutes. the dow holding on to 10 points of gains. stay with us.

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this is music to the ears of investors. shares jumping 28% as the company beat estimates for its fiscal fourth quarter and its 2021 forecast surpassed expectations. remember back in october, sonos took a dip on news that apple planned to introduce a direct competing product, the home pod mini. apple unveiled it, it was a whole big deal. well, apple's up just about half a percent but nobody seems to be worried about sonos now. all right. when nary a drop of purell could be found back in the early months of the pandemic, l brands bath & body works provided the ultimate hack. demand for its scented hand sanitizers spurred record sales growth which in turn has l brands stock popping 16% right now, after it beat earnings and revenue estimates. yes, there's always victoria's secret lingerie helping move things along for sure. go pro shares taking a dive after the mountable camera maker proposed to offer $100 million

worth of convertible senior notes due in five years. the company says it plans to use the funds for repaying debt and expanding its business. go pro shares down 13.7%. but flip it over to roku. roku is up at this hour on a report that the company is close to reaching a deal with at & t to bring streaming service hbo max to its platform. roku is jumping 10.5%. at & t not getting any juice from that, down about 1.5%. this is at & t's warner brothers announced the debut of its highly anticipated wonder woman 1984 sequel simultaneously, they are going to release it on both hbo max and in theaters. when will this happen? super woman on christmas day. from wonder woman to the penguin -- i mean, to super-man, charlie gasparino. i didn't call you the penguin. charlie: you can call me anything you want.

big red. liz: got some news on tiktok. let's hear it. charlie: we're trying to keep our viewers up to date on this story that if you think about it, during the summer, this was, you know, when the election was heating up, this was the big story the trump administration wanted to ban the short video app used by millenials and young kids and some influencers because it's owned by the chinese, a chinese company, bytedance. also has significant u.s. investors in there, general atlantic and sequoia. now the trump administration is on the way out and the biden administration is on the way in. we trying to gauge the temperature of tiktok and what's their next move. as you know, the trump administration has put off and courts have ordered a stay in its immediate ban so this thing is still going on. they are still talking about this. here's what we are getting from tiktok officials, at least what

they are telling wall street executives who are talking to us. they feel they will get more leniency from biden over his chinese ties. they say the incoming biden administration even might not impose that deal that they were working on to join venture with oracle to somehow create at least the image of a u.s. company owning the user data so it cannot be given to the chinese government for surveillance purposes, that that deal might not have to happen, at least that's what tiktok officials are saying privately. publicly they are saying, we should point out, they are saying full steam ahead, we are trying to still work with the trump administration on this. but privately, there is some talk, i'm not saying it's not going to happen, but there's some talk that maybe the biden administration won't force them to do that as long as they create some mechanism to keep the data in the u.s. one thing i will tell you is that the biden administration, my sources that are close to the

economic team that's being put together, is going to give the oracle deal another -- a very strong and tough -- not just over national security concerns but over the alleged crony capitalism concerns. oracle, as you know, is run by larry ellison, and larry ellison is very close with donald trump. there is a lot of talk this was a sweetheart deal for oracle. they can make a lot of money, you know, through their cloud business and that maybe this thing needs to be put out to bid or it just shouldn't be given, oracle shouldn't get a blank -- get to write a huge check here. that's the game right now. that's the, you know, what's going on on the ground right now with tiktok. it's still up in the air right now with the trump administration, but they are, you know, quietly optimistic

that it will be a little easier dealing with the incoming biden administration. liz: i have become addicted to one comic on there who does this new jersey mom thing. he says did you see we're going to the summit mall. hilarious. charlie: that one is good. he does not just the mothers, he does -- liz: he's good. charlie: guys like i used to be when i was ye18. he does that. then there's sarah cooper. liz: italian american parents versus regular american parents. charlie: then sarah cooper does that trump imitation which i think is pretty funny. anyway. liz: yeah. all right. hey, charlie, thank you. it's been fun. although hey, it's still in action. we know. way back in march, right as the at-home movement was launching, mortgage guru barry habib said don't rush to refi because rates would only go

lower and he was right. he is back now exclusively to make his first prediction for 2021. should you wait to refi? what's going on with mortgage rates? with the closing bell ringing in 29 minutes, and boy, we are crossing back and forth like a zigzag across the flat line for the dow. we are barely higher by one point. s&p up nine. the nasdaq better by 89 now. we'll be right back. 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. it's smarter trading technology for smarter trading decisions. fidelity.

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nearly a full percentage point from one year ago. to mortgage guru barry habib in a fox business exclusive. barry, unbelievable. below 3% for the 30-year fixed and the 15. i speak on behalf of my viewers who are all dying to know how low they will go. before we get your answer, how are lenders handling the load and what's the big untold story with the home buyers themselves? what are you hearing? >> first of all, thanks for having me. always great to be with you. as far as lenders, they are handling this amazingly well. capacity is very tight, especially when you consider that most of the lenders are working on this with their employees working from home, which does tend to make it a little more challenging. but they are doing a phenomenal job. hats off to them. big misconception, today's numbers were amazing on existing home sales, and what people mistake is that median home price at $313,000 which is up 14% from a year ago, people think that that means homes are going up at that level for

appreciation and they think they are unaffordable. in fact, affordability is better because incomes are going up very strongly. they went up 5.7% on a weekly basis year over year. appreciation is not meaning home price. there's a lack of homes at the lower end so because more people are buying higher-priced homes, it moves the needle on median home price. but meanwhile, overall appreciation is between 5.5% and 6%. it's really strong and it's going to continue. expect another 5% to 6% next year so go out and buy a home while you can now. liz: all right. here's the 30-year fixed. 2.72%, the week ending november 12th. it was a year ago 3.66%. i ask you now, as we all wait with bated breath, what do you expect for mortgages in 2021? can we see barry as he says, gives this prediction? >> so everybody's forecasting that mortgage rates are going to go higher next year.

all the big associations talking about that, saying refinances are going to be down. i don't buy that. i think we have a really good chance to see mortgage rates while they won't be the straight line, to revisit some of those low levels and that's because the main driver that most people don't understand is debt in our nation. in 2019, there was $22. now it's $27 trillion, going to be $29 trillion with a stimulus deal. that weighs on growth. slower growth, lower inflation. technology, lower inflation. that means low inflation allows mortgage rates, interest rates in general, to move lower, even from their very low levels. there is room for them to either remain near here or to go down. i don't see the big move up in mortgage rates to like 4% or anything like that. maybe they flirt with 3% or 3.25% but i do think there's a very good probability, especially when the masks come off, and people come back to work, that means the demand will come back up to meet supply, suppress inflation pressures even lower, and that will allow interest rates to potentially

reach new lows. but certainly remain in a very, very attractive range. liz: okay. hold on. can i just drill down on that? we are at 2.66% for the 30-year or whatever, i just put 2.72. can we put it up again? how low, will it go lower, to 2.6%, perhaps? >> well, here's one thing. here's a little inside thing. the fed is buying now, they are starting to buy more of the 1.5% coupon. that corresponds to a mortgage rate of around 2.5%. there's other factors that will come out. look, if the stock market takes a bit of a breather, a lot of that money will go into the bond market at least temporarily and that could just be the catalyst that pushes mortgage rates down towards 2.5 or maybe even 2 3/8 on the 30-year fixed.

remember by the fed starting to purchase more 1.5% coupons, that's telling us the fed starts to see the possibility that their activity is not going to diminish but potentially continue and push rates even lower. liz: barry, you've got a book coming out that already hit the amazon bestseller list. can you hold it up so our viewers know? mortgages are very titillating for a lot of our viewers. >> well, you know what, number one on amazon's bestseller list, i just happen to have it right here, but this is the book not about mortgages, about life. it's a book that will help you get through a tough time, help you maximize the good times and see the opportunities everyone else is missing. it's a skill set you can learn, become a lot more successful and happy. liz: like you, barry. money in the streets by barry ha sl bib. great to see you. please come back again. see you next time. barry habib. president-elect joe biden has been meeting with governors in the past hour.

he's about to speak about that meeting in wilmington. are those governors demanding stimulus and what about what just happened with rudy giuliani and his claims of voter fraud? we are going to take you there to wilmington. hillary vaughn is going to wrap it all up for us and we will see about that stimulus. stay tuned. we'll be right back. dow is increasing its gains right now, up 55 points with 18 minutes left to trade. for over 30 years, lexus has been celebrating driveway moments. here's to one more, the lexus december to remember sales event. get 0% financing on all new 2020 and 2021 lexus models. experience amazing at your lexus dealer.

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liz: breaking news. at any moment we do expect to hear from president-elect joe biden. he has been speaking this afternoon to state governors on both sides of the aisle about ways to improve coordination between federal and state

responses to the covid-19 pandemic. meanwhile, the vote counting machine company at the center of the trump legal team's accusations of voter fraud is coming out swinging after rudy giuliani alleged it deleted votes and has ties to communists in venezuela. to hillary vaughn in wilmington, delaware. reporter: president-elect joe biden just wrapping up that meeting with the national governors association executive committee, a group of five republican governors and five democratic governors. biden said today for the moment, he's relying on them to tell him directly what they need in terms of covid response, because he says they cannot get access to accurate and up-to-date information until the gsa green-lights the transition. >> i understand many of you, that you have serious resource constraints as you try to fight this pandemic, and that's limiting your ability to do what you need to do, and i mean this, we both want to work with you.

we want to work with you and congress on a bipartisan basis to make sure you get the resources you need. reporter: part of that delay with the gsa is because president trump has not conceded and his campaign is actively pursuing lawsuits in different states around the country. and the trump campaign gave a press conference today outlining a clear path to victory, essentially defending a lot of their legal action and lawsuits that are ongoing. they also are calling out a flawed voting system used in some states that they say has partisan ties to democrats called dominion, and that that voting software was flawed in many cases. rudy giuliani said that dominion has ties to the clinton foundation and also a venezuelan [ inaudible ] to people with connections to the former president, hugo chavez. >> there should never be another election conducted in this

country, i don't care if it's for local dog catcher, using a dominion machine. we have got to have an american company that uses paper ballots that we can all verify so every one of us can see that our vote is our vote. reporter: dominion today directly responding to those accusations with a flat denial, saying they do not have partisan ties, they are a u.s. company and claims that votes were switched or deleted have been widely debunked saying dominion has no ownership or relationship with the pelosi family, clinton global initiative, or any ties to venezuela. dominion works with all u.s. political parties, our customer base and government outreach practices reflect this non-partisan approach. but liz, for the moment, the trump campaign continues to peddle these theories that dominion is flawed and it is at the heart of some of their

lawsuits saying that hundreds of thousands of votes were either not counted for president trump or switched from president trump to president-elect joe biden. liz? liz: yeah. dominion also said it's an entirely separate company and a fierce competitor to smartmatic and basically says every time they have run into any kind of dealings it's ended in a lawsuit between the two companies. so a lot more to play out here. we are still waiting on really detailed evidence with names and dates attached. we will be watching it. thank you very much. hillary vaughn. all right. the minnesota timberwolves made this guy, anthony edwards, the top pick at last night's nba draft. that's the commissioner, adam silver. but coming up, our "countdown" closer has -- there he goes. all right, anthony. all right. the athletic stock all-star says he can make a slam-dunk for your portfolio and hence, basketball is a big part of this stock

play. you got to hear the name with the closing bell ringing in nine and a half minutes. dow up 55. we've got green on the screen. we'll be right back. staying on top of your game takes a plan. that's why at aetna, we take a total, connected approach to your health and wellness. with medicare advantage plans designed to surround you with the care you need every day. aetna medicare advantage plans.

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♪. liz. take a look at live pictures this is the white house briefing room where the white house coronavirus task force is about to hold its first braving since august. the briefing is expected to begin 4:00 p.m. eastern time. so we're about six minutes away. "after the bell" will carry it for you. closing bell ringing. we have got five minutes left. here we go, the 2020-2021 nba season fast approaching, late december. nike unveiling new uniform looks for different teams. look what they put out the past couple weeks. there is the oakland, oakland what? what is the team in oakland? oh, they have switched, the

golden state -- golden state warriors. charlotte, et cetera. adidas under armour nipping at nike's heels. which one should be in your gym bag of stocks. john trainer, unite advisors cio. give us the name in the space you love the most. >> we like nike. nike has shown itself to be a true winner across the board. they're developing you know, great direct to consumer franchises. so we like nike going forward from here, absolutely. liz: it has had a really nice runup. this year up 30% alone. are you buying too high here? you are talking to an investor audience, don't want to make them mad saying i bought it too high? >> no. we think nike has more to run. one of the things looking for companies next year those that are growing sales. you need to be, certainly we want to see earnings growth but it has to be a sales driven.

nike leading in sales growth. so we think they'll will be the type of stock that investors will be gravitating towards next year. liz: interesting to look at the websites of hot sneakers like stockx. consistently you see these air jordans, and there is a retro look that is coming back. i get these emails, i have a 16-year-old boy. the competition is out there. teenagers are fickle. under armour could come out with something superhot. adidas as well. do you worry there might be a zeitgeist moment for some of the other names? >> well, to a certain extent it's a fashion business. you know, we need to be aware of that but you know, we just think nike has all the pieces in place, you know, especially, as i said earlier, that direct to consumer franchise. they're going out, they're going direct to the consumer. we really think that will help accelerate their sales. so, yes, i, i'm probably past

the age when i'm looking for the fashionable sneaker but for that crowd out there, nike definitely has a great product lineup for them. liz: okay, you also like a name unrelated to jordan shoes, et cetera, that is thermofisher. talk about the name, john. you have nine billion in assets under management. i'm interested what you like about thermo? >> thermo is a important name. look at all the headlines for us, on cures for the coronavirus, all those companies doing research, and we hope many of them come up with great cures but all of them are getting equipment and technology from thermo. thermois the arms supplier to the life sigh industry. whether coming up with the company that will have the drug, we rather would invest in it.

hermo. this stock has been in other model for the forequite a while. it has been a great performer. we continue to think it will do so. liz: dow is up 42 points in last couple minutes. nasdaq jumping 100 points. john, we see the cases of coronavirus rearing their head at alarming rates. will that, in horrible sort of way, but we are a business network, give people who missed the low before another opportunity to get in at cheaper levels? >> you're hitting on a really important point. what we're seeing in the market right now are people on the reflation trade which is you know, happy days are here again and let's go buy cyclicals and the covid trade where boy, we're not through this. let's be very cautious. you're seeing techs do very well today. that is more of the slow growth, more of the covid trade. we're building our portfolios for next year and we believe the economy will be reflating but we think we've gotten ahead of

ourselves on the reflation trade. we're actually calling for gdp in the first quarter next year to be 0 to maybe negative 1%. i don't think that has been factored into a lot of investors forecasts. so we're building that reflation trade portfolio but we think it has gotten ahead of itself. we said let's hold off, let's not chase any of these cyclical stocks. we think we will get a better opportunity to buy them but we're seeing the ebb and flow between those two trades. that is really dominating the market right now. liz: john, you're one of the first in a long time who has been on the show and called for zero gdp or possibly negative. i'm interested. i hope we don't see it. but please come back. we want to see how that bodes, how that fleshes out. good to have you. great to see you, john. >> thank you. liz: john traynor. people's united advisors. the dow has crossed the unchanged line multiple times

particularly in this final hour of trade. we're up though 55 points. here comes the closing bell. [closing bell rings] crude oil flat, still at $41.89. there we go, s&p gaining 15. the nasdaq up 107. it is time for "after the bell" and possibly more information on the covid crisis. connell: yeah, just moments from now at the white house the vice president and the coronavirus task force will indeed brief us on the pandemic. this comes as officials issued a new warning for americans ahead of the thanksgiving holiday. we're just wrapping up a choppy session on wall street. we close it on a up note. we're weighing impact of new restrictions against the positive vaccine developments. the dow closes up 44. nasdaq best of the bunch. major averages up a shade by 1%, 103 points higher on the day. good to be with you. i'm connell mcshane. welcome to "after the bell." team for