alloys and varying applications. in military there's a whole host of applications. things used in -- charles: well -- >> -- and you nieed really strong -- charles: the good news is that we make it here now and it's working. jeff, thank you so much. it was a fantastic piece. speaking of working, we are starting monday off pretty good, holding the rally as we hand it off to liz claman. liz, intriguing market action so far. i'm happy with it. liz: indeed. intriguing because this is three in a row, charles. another monday, another potential coronavirus vaccine, right? that is what is moving the markets. astrazeneca's entry powering the early move, lifting stocks that were beaten down during the pandemic. right now, check it, the dow jones industrials, this is a moving target, folks, climbing higher and higher, up 351. the s&p better by 22. nasdaq up 42 but wait until you see the small and midcaps.

russell 2000 on track for a possible new record. while astrazeneca's 90% efficacy rate in fighting the virus falls a little short of pfizer and moderna's 95%, all three of them have the same need. a fast and safe way to transport what will be tens of millions of doses to far-flung corners of the u.s. one company ready to move the vaccine won't be using drivers at all. it has refrigerated autonomous trucks ready to roll and one of the most famed names in silicon valley with mega-cash to push it along. the ceo is here in a fox business exclusive. are you worried that your portfolio might be too stock-heavy? the alternative investment that's got investors banking on banksy. he's here with an affordable way to invest like a billionaire art collector would and wait until you see the return on the one he showed us right here on "the

claman countdown" one year ago. first, a fox business alert. the markets, yes, may be rallying on astrazeneca's successful vaccine news but are we witnessing what wall street calls a bull trap? there is still a very wide river to cross between now and when the vaccine will be readily available to the wider public and that river is about to become a little treacherous. tomorrow at 12:01 a.m. eastern time, occupancy limits at las vegas casinos including their bars and restaurants will be reduced from 50% down to 25%. then wednesday at 10:00 p.m. pacific time, outdoor restaurant dining across los angeles county will be shut down for at least three weeks. restaurants, they don't even have indoor right now. they will only be able to offer takeout meals or delivery, which could spell mass bankruptcy. is reality about to smack investors in the forehead? to our floor show traders. scott redler, i will start with you here. my powers of deduction, we have a lot of hurt coming down the

pike. the question is, will it be negative for the markets which on a day like today, hard to even think about because the sun is shining green at the moment. >> yeah. looks like the market keeps looking forward to all the vaccines that could be coming out that are approved. we could get more of them and i think the magic day, like you said, is by april we could be in a lot more normal times but we have to get through the next four to six weeks so the market's trying to push past it or look past it. you talked about insurance. we have talked about insurance. remember, we tried to hedge going into the election and we made some decent money, protected portfolios with a vix call spread. well, vix had a nice move and now it's back below 20. you always want to get a little insurance before maybe a hurricane. i'm not saying we are going into a hurricane but vix below 20, you might as well put a little bit of a call spread on for january, just in case the georgia runoff doesn't go republican which the street is pricing in. just in case we get a little bit of a tech grind lower which looks like it's lagging.

overall, the market's acting healthy. the s&p 35, 40ish is a big area. long as we hold that, i think traders will try to have risk on at least through the holiday. liz: we were just looking at vxx, this is different from the vix. i just want to let our viewers know. we always try and match what we are saying with what's on the screen. this is the one-month picture. it happens in that picture. what does the vix short term do for an investor? >> when the market gets hit out of nowhere, something unforeseen happens, you usually get a little bit of a spike in the vix which means the market goes a little bit lower and volatility is rising. right now, we are back at historical lows on the vix which means complacency is very high. although i do think the vix is built to go to 0, then do an inverse split every few years, there are times you could use it to make some money as a hedge. i do think with the vxx below 20, if you put on a call spread,

maybe the 22 by 25, the last time in september when we had the volatility spike, it went as high as 32. that's one way to hedge the portfolio. another way, maybe put on a spdr put spread for january just in case. what that does is if the s&p takes a leg lower, you can make some money with a put spread, meaning you are playing for a little bit of it to go down. also, i always use the 21-day. that's my barometer for the health of the market. if you are in a stock or sector that breaks out, cash is also a way to reduce some risk if you think that you have too much risk on just with the market complexion the way it feels. liz: i need to get to our other floor show trader, phil flynn. phil, i wanted to give our viewers a little bit of texture what was going on one minute before the show. i always ask my producer brad what are the highs and lows as we head into the final hour. he said 333. i look down and suddenly that

switches to 336, then switches again to 350. now we are up 380 points. on a day like today, people don't think about what kind of insurance they should put in their portfolio, but should they? >> no. you were worried about a bull trap. i'm more worried about a turkey trap. every time we get to thanksgiving we get the selloffs for no particular reason. but no, i think the market has it right. the news from astrazeneca is great news. the market looks three to six months down the road, so in other words, the stock market's already priced in what should be the worst of the virus. so we are already looking ahead to a world that's going to get back to normal. you do have to hedge, of course, these holiday markets always scare the heck out of me because the volume gets really light and crazy, things can happen. so maybe going into the holiday weekend, maybe pick up some puts. look for sectors that are starting to really perform and will perform no matter what. i like the ag sector right now.

con agras, grain markets are looking very solid and of course, the perfect hedge for every occasion at least this week is bitcoin. bitcoin is going absolutely mad the last couple of days. but all kidding aside, going into the holidays, you want to be a little bit of a pull-back but make no mistake about it, the seasonalities right now are set up perfect. post-election, normal end of the year santa claus rally. everything is pointing up. i think the biggest thing is to don't try to be too smart and get out too early. go for the ride. it looks like it will go for awhile. liz: look at the russell 2000, folks. long way ahead when we are talking specifically about the percentage jumps. the russell is up two full percentage points right now, compared to the dow which is up about 1%, 1.33%. again, these are moving targets but we have some pretty

significant moves here. scott, let me give you one last shot because this is important here. i'm looking at the u.s. dollar. the u.s. dollar is hitting 2018 lows. what does that mean, as you weave that information within other names that may have exposure to, you know, they're u.s. based companies but have international exposure and currency exposure. >> you know, the dollar is getting weaker, that means some overseas, they could buy our goods so that's actually better for u.s. companies or it could be seen as a positive. it's also usually good for metals but for right now, gold isn't going up with the dollar going down but like phil said, bitcoin, i think if you watch bitcoin, bitcoin gets above 20,000 and holds it, we could see 24,000 pretty fast. anyway, i do think the small caps like you mentioned before could outperform. i do think the dollar under pressure isn't the worst. we like to have a strong dollar,

we want the u.s. to have the best buying power -- liz: let me call an audible here, guys. sorry to interrupt. we are now up 400 points. phil, what is your screen telling you? there's got to be something. jumping 70 points in the first eight minutes of this hour, folks, you need to stay with us because we've got a major bull trigger right here. now the nasdaq is up 62. had been, you know, it's just an interesting movement here as we are looking to see the dow up 400 points. >> yeah. looks like we are starting to break out of some key technical levels. if you take a look at the weakness in the dollar, that is a lot of the commodities, if you look at oil and gasoline. things are happening where the market is starting to get somewhat euphoric about the possibility we will be beyond this vaccine. the russell, this is a sector that was really struggling. small cap stocks, russell stocks

were really, you know, struggling and a sign they are now making new all-time highs, is a sign the overall market is really getting healed. it's healing, it's excitement and it's a breakout. you don't want to fight it right now. liz: good to see you both. scott, phil. we are witnessing it, we may have to drag you guys back in front of the camera. we are roaring right now for the bulls at the moment. i know bulls don't roar. all right. president-elect biden has just taken a big step forward in building up his cabinet as he pressed to fight the covid pandemic. we are listening in on the message he's giving right now to the country's big city mayors. closing bell ringing in 49 and a half minutes. as we said, a big move to the upside here in these just ten minutes we have started this show. "the claman countdown" coming right back. wanna lose weight and be healthier?

it's time for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. it allows for over 20 exercises. do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. liz: breaking news. president-elect joe biden is holding a virtual meeting as we speak with the united states conference of mayors. this is a live picture we are about to show you from wilmington, delaware. it comes just hours after he announced the nominations of six

members to his presidential cabinet, but there is more developing as we speak. let's get to hillary vaughn with what he's saying to the mayors. the cabinet names he put forth, what we're hearing and of course, the latest in the trump legal team soap opera. reporter: well, we are getting freshly breaking information from the "wall street journal" that biden has selected former fed chair janet yellen to be his treasury secretary. we are working to confirm this. but we are getting that from our corporate cousins right now, from the "wall street journal," that that is another addition to biden's cabinet that we are learning about today. but earlier, he did roll out several picks for his national security team, filling out his cabinet. from the progressive point of view, the picks on the national security side are somewhat underwhelming but there was one new position that biden announced today that would be the first in history. it is essentially a climate czar that's goal is to communicate

with the international community. for the first time in history. the nsc will have a special presidential envoy for climate and filling that role will be former secretary of state john kerry. john kerry helped craft the controversial paris climate accord. that's something biden has promised to rejoin on day one. but also, president-elect biden's cabinet is filling up with a lot of obama alumni from that administration. antony blinken will be secretary of state. he was second in command at state, serving as deputy secretary under the obama/biden administration. the head of homeland security, alejandro mayorkas, is also an obama lum nalumni and the first latino immigrant to be nominated to the top job at homeland security. he also led the implementation of daca at dhs under president obama. and for dni, avril haines serves under obama. she will be the first woman to serve in that role. linda thomas-greenfield, to the

u.n. and jake sullivan will be biden's national security adviser. while biden is filling out his cabinet, president trump's team is filling out their arguments for several lawsuits that they are pushing in key battleground states, disputing election results and calling into question those results. they are now separating themselves, though, from what seem to be one of their own. sidney powell, the lawyer who claimed there was foreign interference with dominion's voting software, the trump team yesterday publicly parting ways with her saying quote, sidney powell is practicing law on her own. she is not a member of the trump legal team. she is also not a lawyer for the president in his personal capacity. but powell responded to that statement by standing by her own statement, that dominion's voting software was infiltrated somehow, saying quote, my intent has always been to expose all the fraud i could find and let the chips fall where they may. we are proceeding to prepare our lawsuit and plan to file it this week.

it will be epic. looking ahead to tomorrow, we are expecting biden to roll out in person an introduction to all of his foreign policy team at an event tomorrow. we are waiting to see now with this report that janet yellen is his official pick for treasury secretary, if she will also be in attendance for that. liz? liz: yeah. janet yellen. this is the breaking news, according to the "wall street journal," that she will be the nominee for treasury secretary, and that is a pretty interesting -- it's not a shock, because her name had been floated, hillary. we do know that. but it makes you wonder what lael brainard, vice chair of the federal reserve, what perhaps biden may have in store for her. she is also a very strong candidate on many levels and had been the undersecretary of the treasury under president obama. all right. hillary, thank you very much for the update. hillary vaughn. check the dow jones industrials. we are still up about 359

points. drug distributors mckesson and thermo-fisher have seen quite the runup on the prospect that they will be key in getting covid-19 vaccines to end users. then there's this secret weapon for vaccine distribution. autonomous vehicle trucking company gatik. the company makes autonomous vehicle software and sensors which is upfits to four transit box trucks. the original plan was to deliver groceries, things that need to be frozen or chilled temperatures but gatik is ready to pivot and fast. the ceo of gatik joins us in a fox business exclusive. great to have you. all right. pre-pandemic, you entered a deal with walmart and with a canadian super-store chain. describe the business plan you had before the pandemic. >> absolutely. so gatik, we do autonomous deliveries for the middle mile segment of the supply chain. last year we announced a partnership with walmart at

their headquarters, handling operations from one of their stores, their microdistribution center, to retail locations in bentonville, arkansas. today we are coming out with a partnership with canada's largest retailer and you know, we started gatik with a focus on the retail supply chain but lately, we have received a lot of interest from distributors basically in medical and pharmaceutical distribution and for that, our trucks are controlled so we can go to minus 20 degrees celsius so we are able to transport refrigerated goods and are ready to help the distributors in any way we can. liz: as i understand it, that is the level moderna and astrazeneca need. i think pfizer needs a bit colder. tell me what kind of conversations you have been having as you work to pivot your trucks, we are seeing them on the screen, to an opportunity where you can jump in and fan

them out across maybe the united states. >> i would say it's expanding the focus. initially the focus was on the retail space. lately the company has been getting a lot of interest from distributors, medical pharmaceutical distribution, so for us, we have always maintained our solution can be used across the supply chain for multiple different companies in the retail space and the medical and pharmaceutical distribution space in deliveries for e-commerce goods. we are in expansion mode. we are going to, you know, expand and support our customers. liz: you have one of the smartest guys in silicon valley who has absolutely put a stamp of approval on you. that is eric schmidt, who used to be ceo of google. certainly during the growth and glory years, then the chairman. eric schmidt, we have had him on

the show, many, many times, is one of the big leaders here. he's got convenient cventure ca. he's committed about $25 million to you. that says he has looked at what you guys do and believes in you. let me just talk about the autonomous vehicle part of this. how do you make sure it's going to work? middle mile and the way you guys plan to do it, as i understand it, is pretty much to go predictable fixed routes. so from say, for example, the walmart warehouse directly out to stores, the same stores each day. so you know, are you working with light detection and radar and how do you make sure it is safe, because we have covered these types of stories and it takes a long time to get there. >> you're right. i would say the key to our success so far has always been on structured autonomy. that's how we have been addressing this problem. the idea is fixed repeatable routes and gatik focuses on b to

b logistics. there is someone at the pickup location that will help with the loading of the order into our trucks. there is always going to be someone at the drop-off site to do the unloading. you know, we are in a unique position to choose the best possible routes. for us, the best possible routes are the ones that are safest and easiest from a technology standpoint. in the space, i would say a lot has been [ inaudible ] over the past few years. when we started the company, the focus was what could be done near term and second, could we solve a problem for the customers. that's why we decided to focus on this middle mile segment. we have been working with individuals who are doubling down on investment in gatik.

that's validation of what the team has been doing the last few years. liz: okay. gautum, we want to be there when you load that first walmart truck with the vaccine. we are crossing our fingers. we hope these discussions that you have with a lot of medical physicians here will reap some movement to get the vaccines out to the far-flung areas of the united states. thank you so much. the company is gatik. gautum is a co-founder and one of the ceos. after a 17% run-up last week alone, no surprise bitcoin is seeing a little bit of profit taking right now. down $142. the original cryptocurrency still holding above $18,000 per coin after the five-day surge. the return to $20,000 case now looking even a little stronger for bitcoin bulls despite today's slip of about $142. from bitcoin to this. alternative investment. a year ago, we unveiled that.

that's banksy's mona lisa. wait until you hear the price this piece just sold for and why just a tiny share of it could have netted you a bigger return this year than the s&p has returned. with the closing bell ringing in 36 minutes, master works io ready to unveil its next piece and show you how you can invest. we'll be right back. for over 30 years, lexus has been celebrating driveway moments. here's to one more, the lexus december to remember sales event. lease the 2021 nx 300 for $349 a month for 36 months and we'll make your first month's payment. experience amazing at your lexus dealer.

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options, answer any questions you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare. liz: it was just over one year ago, i think november 6, to be exact, when this painting arrived on our set. this is british street artist banksy's take on the mona lisa complete with a target on her head and i think she's holding a clish a kalishnikov rifle. it was available for investment

in $1,000 tranches, those increments courtesy of masterworks.io. if you saw the segment and invested back then, today the color paint you see is all green. masterworks.oi was able to flip that painting for a 32% return on investment, doubling the s&p in the same time period. wow. here to sketch out how it all went down and to unveil some of his most recent investment opportunities is founder of masterworks.io, here in a fox business exclusive. first of all, congratulations. that's unbelievable. tell me how the sale went down and can you say who you sold it to, and then what you heard from investors who in some cases, really only bought $1,000 piece tranches. >> i think it was a great proof of concept for masterworks for the asset class. obviously a 32% annualized return is super hard to beat, particularly when there is a lot of questions around covid and

how would covid impact the art market. i think this really demonstrates the resilience of the art market overall during otherwise volatile times. liz: so that piece itself, then we have seen some other ones, what you have been able to do is offer a piece of an artwork to investors out there, look, maybe people feel they are too heavy in equities so they say let me get a few different types of investments, right, alternative investments, and this has turned out at least in this case to look really good. let's talk about another one that you put up for investment in is it still $1,000 per piece tranches? >> you know, it really depends. we structure our minimums around each investor but sure, we have investors investing $1,000. we have investors investing $25,000 a painting depending on the person. liz: so the jean-michel

basquiat, he's no longer alive, his works sell for millions and millions of dollars. what du bid you buy it for? >> if i recall correctly, we purchased that for roughly $5 million. it sold out very quickly. you're right, his market is one of the most interesting. historically he's appreciated 17%, 18% a year for 20, 30 years with a relatively low degree of volatility. we think he's one of the most investable artists in the contemporary art market today. liz: i can hear some of our viewers saying wait, that looks like scratches. you got to know basquiat. he's not 4 years old. >> yeah. could my kid paint this. we hear it all the time. yeah, those paintings do sell for millions of dollars. liz: let's talk about the secondary market because you haven't sold this yet. so if people want to get their money out in some way, shape or form, how does that work? can they sell their share before

you sell the piece of work? >> yes. i think just over a year ago, when i was on the show, we talked about securitizing paintings and that was the first time ever a painting had been securitized. today, fast forwarding a year later, we are now having investors trade shares in paintings through our trading platform. very similar to how you trade shares to individual companies, you can come to masterworks.io and trade shares in individual paintings. liz: so they can take these -- say they want it, they can then go to the secondary market and can you give us an example of returns on that? >> you know, the returns on the secondary market have been pretty impressive. i think i will get the number specifically wrong but in aggregate, if you look at all returns from investors investing in primaries and selling in the secondary market, they have been above 15% annualized a year. i think it's definitely, we are seeing a ton of activity there. it's really interesting to watch how people are valuing paintings, trading shares in paintings, just like they do

stocks. liz: got it. well, scott, we are watching it. when you sell the bosquiat, come back. we would love to see the return on that. masterworks.io. no, you don't get to put it on your walls, okay? you just own a piece of it like a stock certificate. thanks so much. good luck to you. thank you so much. scott lynn. what thanksgiving lockdown? why am i asking that question? airlin airlines, look at the stocks right now flying high as travelers largely ignore the cdc's travel warning. the insane numbers lifting these stocks. we are going to take you to jeff flock. he's in the thick of the action at chicago's o'hare airport. we are going to go live there next. with the closing bell ringing in 26 minutes, the dow off the highs. we had been up more than 400 points. we are still up 324 but it's been a very volatile 34 minutes. hang with us to see the next 26.

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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upside trends for its ad platform. stock is at $276 and change. needhame also raised its price target on fubo tv to $30 a share, citing similar reasons to roku. now look at fubo, it's up 8.5%. it now stands at $25.67. jpmorgan upgrading mall staple gap to overweight from neutral ahead of its earnings report tomorrow. jpm also raising its price target to 30 bucks, lifted third quarter forecasts saying old navy is rocking comp sales and that the brand is a pandemic winner as people grab for those yoga pants and capri shorts, right? as they work from home. work out from home. gap up 5.6%. snap taking the phrase imitation is the best form of flattery to heart with the announcement of spotlight on its snapchat app. this is a feature that kind of functions like tiktok and instagram reels.

spotlight will highlight the top snaps that have been chosen by the app's 249 million daily users in a feed they can swipe or tap through. snap, jumping 3%. that's a record. $45.63 a share. warner music group sounding a discordant note after reporting a break-even fiscal fourth quarter that missed estimates but revenue did edge higher. that's not helping the stock which is pulling back by 3.1%. airlines taking flight as yet another vaccine holds the promise of a return to normal travel patterns. american, jetblue, delta, all moving higher including southwest and -- yeah, wow. american up 7.3%. the uptick comes from holiday travel. u.s. airport screenings are hitting an eight-month high despite covid-19 cases surging across the nation and of course, the cdc advising against holiday travel. let's flip it over to the european airlines just to check

on them. european airlines also on the move here. everybody but ryan air is moving higher. let's get to jeff flock live at one of the busiest, mostly busiest airport in the world, chicago's o'hare. it's that time of year. describe the foot traffic and what you are seeing, because the traffic toward the stock is pretty heavy. reporter: yeah. it is. that's based on what happened over the weekend. today, i will tell you, take a look at these boards up here. usually they are filled with flights. there are actually no american eagle flights flying today. just about 10 or 12 flights left on the board. american flights at o'hare. but the weekend was incredible. you're right. take a look at the numbers on sunday. we set an all-time record since the pandemic of passengers through tsa checkpoints, over a million. 1,047,000 and change. as we said, that's the most since the pandemic began but a typical day would be about 2.2

million so still got a long way to go. if you look at one particular city, look at new york, typically at thanksgiving, here's the prediction. typically at thanksgiving, about 1.5 million travelers leaving from new york to various destinations. this year, expected to be less than half that. but here's the positive news. vacation destinations seem to be even busier this year than they were last year. people aren't going to family, they are going to vacation. punta cana, cancun, myrtle beach, key west, nantucket. maybe it's best we leave you with a picture of what looks like here on a slow day. this is typically how it's looked over the course of the pandemic. airlines have lost $36 billion. one in four planes have been parked. 90,000 jobs have been lost. they are burning cash at the rate of $180 million a day.

still a long way to go in the airline industry but maybe some hope with people doing the right thing, putting the mask on. can't come in the airport unless you put a mask on. that's the way they're doing it. liz: you know what, i almost think what the cdc is trying to say is not so much don't travel. it's just stay with your bubble of your immediate family. you know what, airports are among the safest place. i have flown a couple of times because i had to, to see my 90-year-old mother, and i have to tell you, very few people there, everybody wearing eye shields, masks, gloves, all of us, and i think it's safe. when you pay attention and you are doing the right thing. jeff, thank you. reporter: you don't be a dummy. don't be a dummy. there you go. liz: don't be a dum-dum. not good. thanks, jeff. charlie gasparino, the dum -- i mean, he's at it again,

getting key information before anyone else on president-elect joe biden's plan to vault janet yellen to the top of the treasury department. he is standing by on what it all means for other key players in the oncoming, incoming economic team. charlie breaks it next. we'll be right back. dow is up 329. when i was in high school, this was the theater i came to quite often.

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liz: yes, the markets were up already on yet another vaccine announcement, but look at this dow intraday chart. you see right at the top of this show, 3:00 p.m. eastern, you see a sudden spike. that coincides exactly with the "wall street journal" reporting that former federal reserve chair janet yellen will be president-elect biden's treasury secretary.

charlie gasparino, that's a choice, i mean, just look at that, the markets appear to be very comfortable with. charlie: i don't know why you are giving them credit. we did it earlier. liz: ni know, but timing for tht moment, it just hit as he's announcing a lot of other names. he has not yet announced her. charlie: we said she was going to be it earlier. i'm only breaking your chops, liz. you know me. i'm competitive with everybody. liz: my chops are steel. charlie: okay. you know, that's what i say. you're going to put a stake through my heart, better be metal because wood will break. here's the back story of how janet yellen essentially leapfrogged to other candidates that were seen as the likely new treasury secretaries, lael brainard of the fed board of governors, very smart, well-connected woman within the democratic party. roger ferguson, again, former

fed governor. he was the head of tia creff. it looked like possibly he could get it. but she leapfrogged them. it's kind of interesting how they did that. i think brainard, i think they want brainard -- not think. my sources close to biden say they want brainard to stay at the fed and be a future replacement for powell. that's the thinking there. theoretically, could move her out of the treasury and move her back but it's better that she's there now and will be selected as powell's replacement if and when he's done with his term. i'm not quite sure when that is. i don't think they have plans to replace him immediately, just so you know. i don't think that's in the cards. she will stay at the fed to be the fed chairman, theoretically. at least that's the thinking. that's how she went one step down. i think ferguson is an attractive choice. he's smart. but you know, he's a money manager. they need to appease the left

wing of the party because they're not going to appoint elizabeth warren to anything major. so they came up with something, yellen's name emerged. she's an easy confirmation. the lefties like her because she prints money like there's no tomorrow. the bankers like her because she's not unreasonable. liz: trump likes that, too. charlie: and she's -- republicans are not going to vote against her. there's nothing really other than that she's a left winger, she's not a progressive in the form of elizabeth warren but other than she's liberal, she's going to get confirmed and it's easy. that's how she leapt to the top. now, what does that do with roger ferguson? some people say nec chief. he will probably have a role in the administration from what i understand. that's how we got here with yellen being treasury secretary. i want to pivot a little to fannie and freddie because let me tell you something, liz. i get more e-mails, tweets on my reporting about these two companies and you know, where that leaves shareholders who bought these shares of fannie

and freddie post-conservatorship when they were beating they would come out of conservatorship at some point, also betting that some of the stuff the government did taking its profits were illegal, also known as a network sweep and then betting a new trump administration would recap these things, massive recapitalization, and massive release plan to them. now, as you know, trump is going to be leaving. the treasury secretary is going to change, it's going to be yellen. mark calabria thinks he's an independent director but that will be challenged in courts. he's not going anywhere until july. what could happen in the meantime to these two entities? could calabria and mnuchin in a lame duck actually make some of these massive changes that lead to a recap and release more immediately or at some time soon? i can tell you when i'm talking to biden economic aides, they are worried those two are cooking something up dramatic in the lame duck session that they

could do something that fundamentally makes it difficult to put a biden administration to undo them. what would they do? something that puts them on the road to being private companies, with a massive recapitalization. that's not exactly what biden -- the biden people want to do. they want to expand the footprint. liz: we've got to go. thank you very much. we'll be right back.

liz: we've been languishing at e having big banks feeling the squeeze in 2020, look at these names, down double digits year to date j.p. morgan down 15%, bank of america down 2%, wells fargo getting crushed at 51%. our 0 interest rates helping to carry the economy to a vaccine,

let's bring in today's countdown closer, jackson square capital founder, before we get to your names in your thesis, you have to give me your gut reaction to the news that janet yellen, report from the wall street journal, will be the one that president-elect joe biden picks to run the treasury department. >> she's the consensus picked, that's what the market expected, she's a known entity, we know janet, she's the head of the fed so it's all good, she will not be making interest rate policy at least for the time being, it's an in-line pick if it comes to for ration and what the markets were expecting. connell: low rates have been bad for the big banks we know that but you have pics where you say these names with driving this opportunity and maybe with janet yellen expecting to. money at the company. given the common thread with all of these and why you like them. >> we like all three names, the

first two that you mentioned were l brands and crown holdings are value names and of course inexpensive tech company that we continue to love and a huge potential of massive opportunity for cloud where. you get there easily on the map for l brands, that a monster quarter last week where they put up 56% comps from the bath and body works brand and victoria's secret brand put up the first positive comp since 2018 after having taken about $400 million cost out of that segment. i love that stock, we see 60% upside - $65 target, stocks taking a pause, today is about reopening and then crown folding. connell: werfolding.

speed through up against the closing bell, i will put all your stuff on liz claman, andrew graham of jackson square capital. it is great to have you and if you are a bull even better, gain of 333 points for the dow, it is a record for the russell 2000. that will do it for "the claman countdown". it's time for "after the bell". connell: 343 and other major pharmaceutical companies promising developments on the covid-19 vaccine. stocks have been on the rise all day long, a strong close after astrazeneca revealed its vaccine is up to 90% effective joining the ranks of pfizer and moderna, we close up by 330 points on the dow, i'm connell mcshane welcomed "after the bell" on a monday. it is time for the news happening at this hour. fox business team coverage, blake burman at the white house, hill