yield and return. the stock market is looking for more certainty around covid-19 in the next stimulus package and what it will entail. what i'm most concerned about is small business owners. we need small business support as soon as possible. charles: luke, got to leave it there. you were absolutely fantastic. i hope people were taking notes. great, great advice. all right, liz claman, you can't complain today about what i'm handing you. this is called a juggernaut. what are you going to do with it? liz: yeah. juggernaut. and i was taking notes. it is a historic day, right? either way, okay, we need to explain this to you guys. wall street to main street. at exactly 11:28 a.m. eastern time, the dow popped above 30,000 for the first time. okay, but that's not what we need to see for a record. it can be lower than that. we are watching both the record and whether we close above 30,000. we are at 30,033. we got a peaceful transition of power, it appears. a vaccine that is pushing a lot

of optimism into the market. that's sending a huge swath of the markets to record highs, as president-elect joe biden gets clearance from the trump administration to begin preliminary transition protocols. yes, it crashed through the 30,000 ceiling but can the dow close there? here's what you need to watch in the next call it 59 minutes with me. the dow has got to be up 359 points for a brand new record. but we're above 30,000 and that means we are up about 437, just 29 points above 30,000. so you get to do the math there. the s&p has got to be up 49 points. we are at the moment up 55. no record for the nasdaq, but it did pop above 12,000 for the very first time and we are still there, 12,026. the russell, i'm not going to ignore it. i know you russell fans. these are the small and midcaps. any gain is a record. the dow transports also about to close at new all-time highs. we are watching it all so

closely. but as the markets say let the good times roll, there is a darker backdrop at this hour. millions of jobless americans, have you seen these pictures, lining up for miles at food banks just ahead of thanksgiving. can corporate america answer the call? wait until you hear how jersey mike's subs is putting its money where its mouth is. jersey mike's ceo is here with some delicious news from his 2500 franchisees. this is a fox business exclusive. and with every penny counting these days for american families, drug price comparison giant goodrx is facing a challenge. the specter of amazon pharmacy muscling in on its turf. the co-ceo is here to tell us how he plans to fight the online retail giant. we've got a fox business alert here. let's set the stage. checking the dow, right now, we are above -- that's a brand -- i like that. see that? big animation here.

30,000. we are at 30,002. seven points. watch it every single second here. all right. from january 15th when it hit 29,000, it took 218 trading days and a lot of angst in1,000 poin. if you pick apart the dow 30 names at the moment, it is boeing, chevron, exxonmobil and the big banks that are firing up today's rally. crude oil, by the way, now at its highest level since the march collapse. remember when it went negative? down $40? brings up the question, though, will a joe biden presidency be easier on fossil fuels and energy stocks than initially feared? right now, crude stands at $44.79 in the aftermarket, a gain of four full percentage points. let's flip it to the airlines. look at american airlines and united. united is up 9% right now. american up 8.9%. big jump for delta, up about 5%.

you see jetblue and southwest all taking part in the party here. cruise lines, carnival, royal caribbean, norwegian cruise lines, last i checked it was carnival, ccl in the lead here. yes, indeed. it continues, up 10.5% followed by royal caribbean up 7.5%, norwegian up 7.33%. as you look at what's powering the s&p 500 and the nasdaq higher, right now, s&p up 55 points, nasdaq up 142, in a surprise appearance in the white house briefing room just a few hours ago, which actually had camera crews scrambling to catch the one-minute statement, president trump was quick to take credit for the 30,000 mile marker for the dow which leads to the question, is it some kind of trump rally, a biden bump? wall street's yes to yellen? or a vaccine victory? to our floor show traders. jon corpina, scott bauer, you guys get to be here with us as the dow is hovering above -- 30 points above 30,000. jon, you are allowed to pick one

of those choices. a mix of two but not all of the above. is there one thing or two things in particular that are powering this rally in this final hour of trade? >> so if you are going to force me to pick two, i'm going to go with vaccination and putting the political -- the presidential election behind us. we are not sure what the biden administration is going to look like going forward but at this point, those two things i just mentioned were two things we had on our calendar. we knew the presidential election was coming at a certain date and we were going to get results from that, albeit a little later than we envisioned. and vaccinations. we knew a positive vaccination headline was going to hit our tape. when, we didn't know. but once we got one, now we've gotten two, three, four. those headlines are bringing that light at the end of the tunnel closer to us. that's why we are seeing improvement in airline stocks, in travel stocks, in cruise stocks. we know we are in for a rocky road but we also know we are getting closer and closer to probably that springtime frame

where things are going to get better. we need to be able to economically get through these next few months. so combine all of that together, i think the outlook and sentiment is positive. we continue to see this market move higher. i'm going to throw out santa claus rally. that's a thing of the past. it's not going to play into us right now. at this point, the trend is moving higher and the momentum is moving higher, and nothing's going to get in the way at this point. liz: yeah. we have had a santa claus rally i think since march 23rd. that was the bottom of the markets. scott, let me let you take a hit at this one. what is really driving this rally? again, one, two, but not all of the above. maybe it is all of the above. i don't know. but i have to put in some rules here. also, are there names that you look at right now that you say yeah, i'm going to go shopping at the moment and i'm buying these? >> so tough act to follow and i'm going to start by saying the market hates uncertainty, and we are now beyond a lot of

uncertainty. i'm going to say vaccines like jon did but i will also say the janet yellen news is really, really friendly to the markets. it really shows that she's a proponent of stimulus, she's a proponent of keeping rates low. the market really loves that. so are we heading higher, moving forward, yes, we probably are. is the santa claus rally here like jon said? maybe, maybe not. this is 2020, after all. anything can happen. but specific names here for a continuation of an upward move, i still love old tech. old tech meaning microsoft. i think this stock is a massive buy here. if we do get to that first quarter reopening, industrials, materials, names like caterpillar and deere. deere has earnings tomorrow. i think those are names that can absolutely explode higher even though we are near their all-time highs right now, liz. liz: yeah. yeah. i'm looking at just to throw this out, uber and lyft.

these two names got absolutely hammered when they just had to pretty much shut down. nobody was calling, nobody was traveling. they didn't need these hailed opportunities here but you've got lyft up 1%. it's still not anywhere near its 52-week high so there's room to run on that one. let me quickly check uber. it's up 2.8%. uber is i think getting a new 52-week high right now. $51.50. very interesting moves for these names. great to have you both. thank you so much. now, there you go, uber, shopify, i don't think uber is a work from home stock. breaking news. the transfer of power is officially under way right now. president-elect joe biden introducing his foreign policy and national security nominees in wilmington, delaware today as they prepare for a january handover from the trump administration. to wilmington and hillary vaughn, who has a closer look at the new cabinet's ties to the

business world. this time four years ago, we are reminded of the time when donald trump announced that exxonmobil ceo rex tillerson was his choice for secretary of state. give us a sense of joe biden's choices for secretary of state and the other names and their business world experience. we look at that from a business network standpoint. reporter: this rollout is raising skepticism that president-elect biden is following through on his promise to distance himself from special interests but also people with ties to big business. obama lum nie, the powalumni, w helped google lobby for lucrative pentagon contracts over the past two years, have landed at least two coveted spots on biden's national security team and one is in the running for another top cabinet spot. biden's pick for secretary of state, tony blinken, is the co-founder of west exec and biden's appointee for director of national intelligence, avril

haines, was also a principal there. on top of that, the other west exec cofounder, michele flournoy, is a front-runner for secretary of defense. flournoy spoke openly about west exec's work, saying quote, we help tech firms who are trying to figure out how to sell in the public sector space, to navigate the d.o.d., the intel community and law enforcement. west exec played a big role in google helping the department of defense deploy a.i. technology for drone warfare. google after internal blowback ditched the contract but that's not the only silicon valley tie to biden's cabinet. his national security adviser, jake sullivan, did work on behalf of uber to negotiate with labor unions who were fighting for minimum wage and unemployment benefits. these cozy corporate ties are raising eyebrows across the aisle, too. senator josh hawley, who ultimately gets a vote on these picks to approve their nomination, said this about the roundup. what a group of corporatists and war enthusiasts and big tech

sellouts. take tony blinken. he's backed every endless war since the iraq invasion. now he works for big tech and helps companies break into china. he has no sense of what working americans want or need. we also heard a similar line of thought from senator marco rubio who pointed out the elitist ties that these appointees have. a lot of them went to ivy league universities. he said they will be polite minders of america's decline and a return to a dependence on china. liz? liz: hillary, thank you very much. you know, we want people who have a bridge, right, certainly perhaps a little bit of a blend. business experience is good when you're running what is considered to be the biggest business of all and that is the u.s. government. spicing it up. mccormick making an $800 billion purchase adding to its budding hot sauce, which includes frank's red hot sauce brand.

shares are jumping 2.25%. to the red-hot sandwich business, taking its pandemic profits and giving back in a big way to the front lines and those hardest hit by the recession holiday season. jersey mike's subs ceo is here with a stunning story of corporate giving and corporate heart. this is a fox business exclusive. you've got to hear what they just did. with the closing bell ringing in 48 minutes, and the dow standing at 30,045, will we close there? you got to stay with me and "the claman countdown." we'll be right back. ♪ ♪ ♪

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liz: folks, take a look at this. with thanksgiving right around the corner, this is the line outside of the los angeles regional food bank friday night. this seemingly never-ending line of people who waited for hours just in hopes of getting a box of food. feeding america is the largest hunger relief organization in the country, and they basically fill and help feed more than 40 million americans every year.

they say this year's numbers are absolutely staggering. due to the pandemic, people have lost jobs. one in every six americans right now having trouble putting food on the table each night. enter jerry mikejersey mike's s. the sandwich chain donated 20% of all sales to feeding america this weekend, two days. that's it. two days. how much did they raise? here in a fox business exclusive to announce how much money they hauled in to help americans who need it, we welcome jersey mike's ceo. peter, welcome. great to have you. you know, this past april at the height of the pandemic, you raised $2 million just like that. before you hit us with the number from this past weekend because you thought let's do it again ahead of thanksgiving, were you worried that with the nation struggling you might not even hit the number from april? >> no. fortunately, we were one of the companies allowed to stay open and serve, mostly takeout with

online ordering and third party delivery. our sales are dramatically up. one of the few companies in america. so we like to share that with our people. the lines we saw in april, i saw on the news like everybody else, and again, i heard from sources that -- and just this weekend we saw another report that showed the lines just again, not stopping. so we were delighted to go ahead and do it again the weekend before thanksgiving, saturday, sunday. we kind of pushed it on the media, in our stores and if i may, we broke all records. the weekend was the busiest weekend in the company's history but again, mostly takeout and third party delivery so safely done, and we raised enough for 25 million meals, $2.5 million raised in the two days, or 25 million meals for those in need.

liz: oh, my. oh, my. so that translates to, what, how many millions of dollars were you able to raise in just 48 hours? >> so that's $2.5 million and again, it starts with clare fontenot, and she shared the commercial with me and she really grabbed hold so thank you, clare, if you're watching. amazing job. her company, her crew, feeding america.org, incredible organization that really is the biggest one for the food banks across the country. we were just so proud to team up with them and our crews and people, we had a big rally this week to get ready for it, and just thank you to all our teams and crews out there. tremendous, tremendous effort. liz: fantastic. peter, i want to just go to the business angle here, and i remember early in the pandemic,

i haven't fed the kids, it's 9:00 at night, i ran to jersey mike's in fort lee and i said listen, it's almost 9:00, you guys are closing? he said, the manager there said we actually have to stay open late because business is that good. people were rushing in and so you have had that sort of sweet spot, you have been able to continue to do that, but talk about whether any of your franchisees have suffered, if you have had to close any due to what we know is happening tomorrow night at 10:00 p.m. pacific time in los angeles, and that is all outdoor dining is closing as well. not just indoor dining. online ordering is still okay. but can you give us some granularity about that? >> so since the first store opened in 1956 at the jersey shore, it's been mostly takeout. so we're not going to do anything after the pandemic than what we have already been doing. it's mostly i would say 80% takeout and then obviously, there's no sit-down dining so it's all takeout.

we were fortunate to be able to really raise up and be almost 20% up in same store sales which is phenomenal in the restaurant business today. we have taken that in turn and gone after, you know, really trying to see what we can do for the community, for those in need, and we're not going to stop. liz: peter cancro is the ceo of jersey mike's. this is a classic case of not just taking the profits for that top sort of cream of the crop. they are giving back to americans in a huge way. thank you so much. there is one thing i should let all of our viewers know. peter's rise to the top is an absolutely incredible story. so much so that i have profiled him on my everyone talks to liz podcast and it was the most popular of all of our 50 plus podcasts. but we also, in the past, have profiled feeding america ceo

clare babineaux fontenot. you have to listen to their journeys of how they helped change the world. by the way, peter bought the original jersey mike's at the age of 17, when he was just a high schooler and he was working there and it was going out of business. okay. he manages to get some loan as a 17-year-old in new jersey. it's an incredible story. find it on spotify, apple or wherever you get your podcasts. everyone talks to liz. please check them out. all right. don't blink. the chart on your screen is a real deal. electric vehicle charging station giant blink still up more than 1,450% for the year? despite a double digit slip today of about 13.7%. this after a deal to buy rival ugo and yesterday's short slam by citron research calling the company the new most ridiculous ev stock. but look at year to date.

very nice picture for blink charging company shares. this as former citron target tesla hits another major milestone. driving ceo elon musk right past bill gates on the world's richest list. how the ev visionary left one of the tech's greatest lines in the dust and what one well-known tesla analyst says it all means for the clean energy titan's future sales. that you've got to hear. we just spoke to him. we will let you know what he said. closing bell is ringing in 37 minutes. dow stands at 30,039. kind of holding there. will we close there is my question. got to stay with me. we'll be right back. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started.

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liz: fox business alert. we need to show you the stock that is topping the s&p 500 right now. it is dollar tree. dollar tree is not only crowning the s&p, it's at the top of the nasdaq 100 as well after the discount store operator reported

better than expected quarterly results, so it is charging higher by 12.25%. frugal shoppers flooding the stores, prompting dollar tree to expand its higher priced $5 or less non-essential items offerings and the company says the holiday quarter is off to a good start. but on the flipside, take a look at best buy. it's sitting at the bottom of the s&p 500. the electronics retailer sounding a cautious note about the holiday season, saying it could lag last quarter's phenomenal results. the stock pulling back by 6.5%. best buy is also facing some supply chain constraints, particularly with large appliances and the computer category items it sells. but millenials still seem to have money to spend on clothes. one of their fave apparel makers, abercrombie & fitch moving higher by 2.6% after posting a surprise gain with help from online sales. still, it forecast a tepid holiday quarter. urban outfitters, on the other hand, down after posting, yeah,

down 4%, third quarter sales as the retailer frets over the impact of covid-19 restrictions on store traffic. bitcoin, saving that for you, bitcoin rearing its crypto head, jumping above $19,000 per coin for the first time since 2017. within a hair of its all-time high of $19,783. that was touched back in december of 2017. we are at $19,059 right now. wall street and main street are suddenly in love with cryptocurrencies again, fueling the digital token's gains. look at that three-year picture. looks like something that a skateboarder would love. up, down, up, down. tesla ceo elon musk taking yet another victory lap. no, i didn't mean it like that. not a lap dance. a victory dance.

silicon valley innovator reaching new heights with tesla's market value crossing $500 billion. that allows him to zoom past bill gates and snag the title of the world's second richest person behind, of course, mr. jeff bezos. cheryl casone is here. we have been covering elon for more than a decade here. tell us about his rise to the top. today's milestone, but also, what our viewers should note as we look ahead to how many sales, how many cars they expect to move. cheryl: i'm going to get to that in a second. first, thanks for giving me the dancing video as i do a very serious hit about the issue. oh, man. i don't know why that video. there's plenty of reasons to dance. okay. let's look at the stock, up about 6.5%. the stock needed to hit $527.48 per share. as you can see right now, it is above that substantially. remember, tesla reported its best consecutive quarterly profit last month, with 139,300 deliveries, a record for the car

maker at the time. tesla also is set to join the s&p 500 before trading begins december 21st. all of this helping out elon musk. when that move was announced, remember the stock got really juiced. as for sales, wedbush securities analyst dan ives told fox business today quote, tesla is leading the ev pack in what appears to be a golden age of ev demand. we are modeling 500,000 deliveries for this year with potential to hit 1 million units by 2022 based on a strong consumer appetite globally for evs. as for the other stocks in this group, let's take a look at these guys right now because i got it right finally. i learned how to say this tide will lift all boats. tesla is lifting these boats except for nio and workhorse who just came back from earlier highs. tesla is higher, nikola corporation higher by nearly 17%. but don't let those red numbers fool you on nio and workhorse. they have gotten a boost from tesla this year. as for elon musk, his net worth has risen more than $100 billion this year.

three-quarters of his wealth does come from tesla. the stock is valued over 400% this year. he still trails amazon's ceo jeff bezos for the top spot, but at this point, anything is possible considering what has happened to this stock and for this man, elon musk. we will see where he goes next year. back to you. liz: yeah, he's one of those if you can dream it, you can do it. and he is doing it. i remember when they were thrilled to get 24,000 deliveries per quarter. now it's 500,000 for the year. unbelievable. we will be watching for that number. thanks, cheryl. cheryl casone. all right. so what are we talking about? an all-out street fight broke out in the pharmacy sector last week. amazon pharmacy knocked some of the biggest names in the drugstore sector to the mat, but coming up, one of those opponents who took a bruising last week, yeah, goodrx, is here. the co-ceo doug hirsh on why

he's not worried at all about amazon. closing bell ringing in 28 minutes. the dow at 30,056 right now. can it close? i'm going to ask the same question over and over until 3:59 p.m. that's when the market closes. we'll be watching it. we'll be right back. it's been a tough year. and now with q4 wrapping up,

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liz: breaking news. the cdc has reportedly finalized plans to change its recommendation on quarantining for suspected covid patients from 14 days to just 7 to 10 days. that according to the "wall street journal." this is moving right now. we are keeping one eye on the markets. check the dow. we are at 30,055. meanwhile, case numbers still continue to move higher here in the u.s. here in the country, rising to 12.3 million cases. the nation's death toll now stands at 257,016 people lost to the virus. both those numbers rising in the past 24 hours. now, also, in the last hour, though, here's some good news. health and human services secretary alex azar telling fox business the covid-19 vaccine will be available to all americans at about the lowest price possible. listen. >> we bought the vaccine.

the vaccine's free. we are paying for the administration costs. we are paying for the distribution costs. we are paying as i said, we built the kits that go in terms of syringes and needles and the equipment needed to vaccinate. we have set up the partnerships with cvs and walgreens and america's community pharmacies or community health centers. liz: so it looks like pharmacies will be very much a part of the government's plan to roll out the covid-19 vaccines to americans. the same pharmacies with whom goodrx has relationships. the free web and app-based search engine platform aggregates drug prices around the country and gives patients the lowest price and the location of the pharmacy offering that price. but we got to give you a little history here. recent history. goodrx was really stuck with the news last tuesday when amazon announced its online pharmacy. you can see the big dip. over the two days that followed, goodrx lost more than a quarter of its value. bottoming to an all-time low on

the 18th. but that turned out to be just a bruising, not a tko. shares recovering nearly 17% over the past four days. let's bring in goodrx co-ceo doug hirsh. first, doug, to respond to this breaking news. you heard alex azar. he says pharmacies are part of all of this. what role will goodrx play, if at all, when it comes to this, because he said the vaccine will be for free. >> it's great news. we are very happy that all these plans are being made to distribute the vaccine. i think if cost is not part of the equation, people still needed indication on where to get it. we will work with america's pharmacies to show how to book an appointment. you have to get it in two appointments. which pharmacies are available to get it. there's a lot of coordination and information. we have done this with the flu vaccine with america's major pharmacies and look forward to doing it with covid as well. liz: well, yeah. i got my flu vaccine at cvs. i will tell you something. working online with you guys was so unbelievably easy.

that i think is an important point. do you get any kind of revenue from that? what kind of thing can we expect to see or movement on your bottom line, even though the vaccine will be for free? >> we are a company that's really founded in getting consumers the right answer first and we have always been patient first for the last decade we have been doing this. we will provide consumers the right information, especially with covid. we just want people to be healthy and well. look, from a business perspective, more people go into pharmacies, they may purchase prescriptions or front of store products and things which might be good for the industry but my primary focus is just on educating americans and giving them the tools they need so they can get this vaccine to move on with their lives. we are really excited to provide information. that's what we do best. we will definitely be working with america's pharmacies to answer these questions. liz: it was no surprise, i'm sure, to you in the business that amazon was coming out with amazon pharmacy. it had been widely telegraphed. then they make the final announcement. your stock did get hit pretty dramatically. there's been quite a recovery, though. tell me why you are not concerned or afraid of this.

we know that you have said this is not a worry but why, when amazon prime has so many more people than, and i believe your monthly active users were at 4.9 million which is huge, but you're not concerned at all that amazon prime might be a bigfoot in some way, shape or form? >> i'm not, because goodrx is not a pharmacy. we don't put pills in bottles and sell them. we work with pharmacies including amazon, actually. we have worked for them years since amazon acquired copack in 2018. goodrx is a marketplace designed to help consumers find the right price for their prescriptions and health care. we are very happy that amazon's in the space. we are happy it might move more people to get cheap prescriptions by mail. remember that amazon has been trying to do this for a long time. remember drugstore.com in 2000? that was 20 years ago. mail is really hard. it's only about 5% of the prescriptions in this country and i think we would all like it to be more. when amazon announced they are going to continue another experiment to see if they can get more people to switch to mail, but it's really really hard for a whole bunch of reasons.

liz: well, goldman sachs has a $49 price target on your stock, and clearly, they are bullish on this. there are others who are not. i like your business model. i'm just wondering, if when president trump announced last week those two health care announcements, number one was i believe the rebate rule. he wants to pass rebates that are from the middlemen, pharmacy benefit managers, on to the consumer, and favored nation pricing of pharmaceuticals. do you tweak your business model at all, knowing that that may be coming down the line? >> i think there may be a large gap between those executive orders being issued and actually going into law. you know, we lived through a number of different administrations and policy changes in this country. we started goodrx before the aca, obamacare came into effect and everyone said all health care would be free, consumers wouldn't have any need and the reality is that the consumer out of pocket costs just continue to go up for both medical and pharmacy. so i don't actually see any significant changes to the way care is delivered to americans.

the problems are just getting bigger and bigger and the patients are having to pay more and more and that's the gap we fill. that's the opportunity that we go after. you know, i don't think these particular executive orders, i don't see anything in the biden administration yet, obviously it's early, that's going to really materially impact it sadly, because i would like americans to get more help and you know, they are just not right now. they are stumped. liz: except that you guys are there, helping them find the best prices and the best locations. doug, we will continue to follow the goodrx story. please come back. thanks so much. >> thank you. liz: doug hirsch, co-ceo of goodrx. dish network and its chairman, charlie ergen, fighting fire with fire, as the fcc lashes out against its growing spectrum of influence. charlie gasparino running to his camera right now or should we say, his phone, with a new exclusive detail. charlie breaks it right here with 15 minutes to go before the closing bell rings. yes, we are still above 30,000. stay with us.

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liz: as bitcoin and stocks spike, gold is losing its luster. the safe haven is falling at the moment by about 1.8%. been a tough couple of days here. gold standing as vaccine hopes and a biden bounce increase the appetite for risk. gold's slide also hitting the mining stocks. you can see newmont down 3.5%, barrick gold down 2.25%. on the flipside, mt materials shining into the close, jumping 14% after reporting a five-fold jump in third quarter profits. this just a week after going public via spac and nabbing a

more than 9.6 million contract with the pentagon to boost domestic production of specialized minerals that are used in weapons and electronics. big move there. check the dow. 30,041 right now. the federal communications commission releasing a ruling first broken by our very own charlie gasparino that two of dish's shell companies are not eligible for spectrum discounts. but will dish chair charlie ergen accept that ruling? charlie gasparino is a fighter, right? charlie: yes. sources close to him say he's all but likely to challenge this thing. i mean, it's almost baked in. you can see it baked in by the statements he gave fox business and other media outlets about this ruling. remember, this was a ruling about an auction that two companies bid on spectrum back in 2015. those companies were 85% to 90% owned by charlie ergen. he tried to say they weren't his companies.

fcc took a couple -- took five years but the fcc finally said they are part of your company. $3 billion of that auction, you have to make good to the federal government. if the federal government can't make up that difference, and that's where this thing is going. so here's the thing that's fascinating about this story, i think, liz, is that ergen has basically convinced the analysts that cover dish that he's really going to owe nothing in the end, that what's going to happen is this. they're going to bid on that $3 billion. the government will re-bid that $3 billion. it will get probably the whole $3 billion. charlie at that point won't have to make the government whole for anything. remember, if it's all about a $3 billion portion of spectrum that he bid on that was improperly bid on, as a small business, thus he got a discount, okay. now, if you talk to enough people in the telecom business, they say not so fast. this is why charlie ergen is probably on the hook for a couple billion and the analysts

are downplaying this. the reason why is because there's a spectrum auction next month. at & t, t-mobile may bid on all that stuff and when this stuff comes up, they may not want to bid aggressively. thus charlie ergen is on the hook for maybe two, maybe one. that's a lot of money. we should point out that charlie ergen has put out a statement, mentioning this michael o'reilly, the fcc chairman who dissented not on the ruling, not on the fact he was improper, just on the process by mentioning him, that o'reilly dissented in part because of the extremely fraught process where they acknowledge it is unfortunate the fcc's case by case analysis did not give applicants the certainty of transparency they wanted. mentioning o'reilly, he's going to hang his hat on the appeal on o'reilly. my guess, the guess of just a lot of people out there, is two-fold. number one, he's going to owe some money. that's a big chunk of dish's balance sheet, $1 billion.

number two, this won't fly if they challenge this in court because it's a 5-0 decision when it really comes down to it. o'reilly is dissenting on process. so i don't know why people think this is such a great thing for dish's stock. it's up 4% today. but you know, you talk to anybody, he's going to be on the hook and he doesn't exactly have as much money as at & t and t-mobile. back to you. liz: okay. oh, charlie. it's always a soap opera with charlie ergen. thank you so much. when we come back, the $277 billion man, ernesto ramos of bmo joins us as we watch to see will the dow close at or above 30,000? we are at 30,024 with six minutes left to trade. you got to stay with us.

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closing bell ringing four minutes, we, you and i are about to witness dow 37 to become reality. 30,000 53. s&p muscle and the dow are close to record closes. in fact, we are there. let's go. portfolio manager 277 billion in assets joining us right now. what a day. i've got to get to the news first and then your pick. give me a sense of what's behind this in the opinion because this is a cake but rally. >> oh yeah, it's happy tuesday. so many reasons for the market to be happy. the fact that the cabinet is solid and not very progressive. the fact that we have recovery, we can see the recovery the light of the end of the tunnel. happy about the fact that the transition is finally underway.

a lot of good things going on today in the markets super happy, loving every minute of it. liz: let me just get your thought on janet specifically, tell the viewers why they should be embracing her. what is it about her that you say we believe will be good for running treasury. >> the fact that she has been chair and now in the treasury which is essentially the biggest issue of debt, she knows exactly what the mechanisms are not going to say coordination because that is not what they do but in a way, they do work together because right now, urging fiscal policy policy come in a little stronger. the treasury was kind of playful with mnuchin but eventually didn't end up doing much other than what we did initially in april march but lately, i think

we can now see the possibility having a stronger physical package come through and they will be in a good spot in terms of their working relationship to make sure i get leverage as much as possible for the benefit of everybody in the u.s. liz: we've got to 77 billion in assets under management there. we are going to give your one favorite stock and it is, which one? >> i'm going to go with morgan stan lee simply because they are a competitor, increasing their footprint in that space. nine and a half times earnings and this is the remarkable thing about financials, left for dead, they been forgotten and collected and they are beginning to show signs of life but especially they are not. place, they are especially effective because of the fact that they are fee-based.

the markets go up, the revenue goes up with the market. ♪ [bell ringing] liz: the, you are witnessing for the first time ever, a close above dow 30,000. a record for the dow, s&p. have a great day. >> it's official, history is made today. dow closing above 30,000 milestone for the first time. a new record close for the dow jones industrial average. a close above 129,000 in january for the first time and now here we are november 24 and we are above 30,000. more than 450 points, we have a new record close for the s&p 500 today. the nasdaq is close to a record of it short, of by 1.3% on the day. great to be with you. welcome to the show. it is time for