charles: so i love that way of thinking. i really do. you got a name in the space but it's a name like blackstone which you know is solid. luke, thank you very much. you are solid as well, my friend. liz claman, i came back and i'm a little rusty. couldn't get you the c.p. effect today. i tried. couldn't do it. liz: you know, you are talking about spacs, we've got the pay safe spac ceo and bill foley, the guy who organized the entire spac to make it happen. it's a fascinating story, folks. but perhaps not as fascinating as the fact the nasdaq is the last one standing. the tech index on the verge of closing at another all-time high after the dow, s&p, russell 2000 and dow transports all did it on friday, but can't seem to quite get there today. the dow did hit an intraday high but pulled back. we are looking at an s&p losing about 13 points. we do have the dow down 206. you can see the transports and the russell. any gain on any of these means a

new record. so there's hope. sentiment mixed as congress faces a crucial week, folks. it needs to pass a spending bill to avoid a government shutdown on friday as well as billions and billions in coronavirus stimulus package to help struggling businesses and americans. we've got up to the minute details. we are about to take you live to the white house. meanwhile, college kids now protesting tuition costs, refusing to pay after being forced to learn online during the pandemic. the ceo of online education company and online textbook rental giant chegg is here on how this is all coming together when it comes to the actual focus that this company was created upon. parents and students reducing the cost of higher education. as the year of the spac continuing, this video gaming's go-to payments processor is going public with the backing of billionaire bill foley. he joins us along with the ceo

of pay safe coming live on to the public markets today. all right. let's get to the senate floor, where at any moment majority leader mitch mcconnell is expected to speak about how close or far, perhaps, congress is from agreeing upon that covid relief bill. folks, timing, we cannot stress this enough, is crucial here. it is crunch time on capitol hill. two weeks to go until congress departs for the holidays and the clock is ticking on not just stimulus but other key issues at hand. jobless benefits, about to expire. and so is the eviction moratorium that's keeping landlords from throwing out tenants who cannot pay their rent because they lost their jobs during the pandemic. not to mention funding the government to avoid a shutdown friday night. to blake burman at the white house, who has been hitting up his sources on breaking developments on any of these situations, blake. reporter: the fate of a potential covid relief deal should crystallize if not in the yum coming minutes, certainly in upcoming days. one of the things we are looking

forward to is the bipartisan group up on the hill that is putting forth this $908 billion package, their idea, they are going to be releasing their legislative text tomorrow. the president's top economic adviser larry kudlow was talking earlier today in an interview with "the washington post," robert costa, and was asked if that legislation ever makes it to the president's desk, would the president sign it. this was kudlow's response. listen. >> it's not the aggregate number so much as it is the specific policies that would be discussed and proposed. so i would say there's a likelihood he would sign it. he has indicated -- he has not endorsed that. he has indicated as i said before, before election and now, he's indicated willingness to provide additional assistance. reporter: kudlow says the key priorities right now for the white house are another round of ppp small business loans, money for schools and money for

vaccine distribution along with added unemployment insurance. keep in mind, though, that nancy pelosi and mitch mcconnell are also negotiating right now. they are trying to marry a covid relief deal with a government spending deal. government funding runs out, oh, by the way, there's this, government funding runs out by friday at midnight so the thinking here in washington at this point, liz, is that they will eventually do a one-week stopgap measure on the government funding bill. that buys them another week's time to try to hash out and negotiate a covid relief bill. the size and even kudlow said today he was cautiously optimistic, it's one of those so close but yet so far and there's really not a lot of time left, liz, to get this all done before the end of the year. liz: yeah. a continuing resolution. as we do understand, chuck grassley of iowa has just finished speaking on the senate floor. again, we are waiting for mitch mcconnell to come speak. you can see that there doesn't appear to be a lot of activity there. we do have this live picture.

i'm going to punch it up the second that mitch mcconnell takes the podium here because this is extraordinarily important to so many of you watching. now, even if a covid relief plan appears to be gelling and morphing into an actual bill, are we witnessing when it comes to the market kind of a living, breathing example of sell on the news, or is it something way more insidious? the daily number of new covid cases in the u.s. has now hit an average of 200,000, overwhelming hospitals which, by the way, in the case of new mexico, now have zero icu beds to offer even the sickest patients. in just the last two hours, new york governor andrew cuomo said new york city will be forced to shutter indoor dining if the new york state hospitalization rates don't stabilize. as other states follow, what will that do to economic activity which is already dragging through this new quicksand? we posed that question right now to jpmorgan chief global strategist david kelley.

david, we just talked about new mexico. we talk about new york. california, of course, has implemented different forms of lockdowns again. indiana, south dakota are almost out of icu beds. describe what connection this might have to swamping the economy and maybe pulling down the markets as you see it, or not. >> well, i think it does propel the short-term slowdown. it's frustrating everybody won't do the basics of what we need to do in terms of public health, social distancing and wear masks. i think we will see economic growth barely positive, if positive at all, in the first quarter. but i don't know that that brings the market down, because the truth is, we know the vaccine, we know there are multiple vaccines. we know we will be out of this by the end of next year and markets are forward-looking. so i think markets are pricing in a lot of good news here but we think that good news is coming. it's just a lot of human pain, unnecessary pain, between now and then. liz: well, we saw a little bit of pain certainly on friday with

the november jobs report. can you give me a sense of how you see that? we do have the november jobs report showing about the fact that 56% of the 22 plus million people who lost their jobs at the height of the pandemic have come back, but we saw a considerable slowdown this time around for november. it was a miss, with a gain of 245,000, and of course, way worse than what we had seen in october. >> well, that's right. we still need to get another ten million jobs back and it's going to take a long time if we do that 250,000 jobs per month. the problem is we have a v interrupted recovery. this economy is injured. it is injured by the pandemic. it's not really in need of stimulus because it's out of energy. it's in need of support because it's injured. i hope when they do come together with a package, it's something that helps support businesses and unemployed workers through this while trying to push them back into restaurants and thoehotels. you have to deal with the pandemic before you fix the economy.

yes, i think the report on friday really underscores the fact that this economy is only half healed and the rest will require fixing the pandemic. liz: yes or no, will this $908 billion stimulus plan that is supposedly bipartisan do the trick, or does it need to be more? how do you view it as somebody who is, you know, obviously somebody who looks at the marke markets? >> it will do the trick for the next two months. while incredibly frustrating is the political back-and-forth about this. stopgap for a week. people don't have a stopgap on paying the bills. they have to pay the bills. why not just pass $900 billion right now? it's about right in terms of its size. we can come back in january or february with a new congress, new administration, and look at where we are then. it's enough money to get us through to the end of january. i think they should pass something now to help people out at the end of the year. liz: last week, this kind of

caught our attention, the s&p 500 index fund over at vanguard, it is huge, saw not necessarily suspicious, but a pretty large chunk pulled out. just as we were hitting record highs, $7 billion. when you look at something like that, do you say you know, we have been hitting record highs, on friday we had five major indices hitting all-time records, time to start really considering taking money off the table or time to keep putting it in? >> well, time to move it to different parts of the table. the overall s&p 500 is selling at 22.2 times forward earnings. that's about 1.7 standard deviation, to get a little statistical on this, above its average. it means it's expensive. large cap companies are expensive. but smaller cap companies aren't as expensive. value stocks aren't as expensive. particularly international stocks aren't as expensive. i think it's time to take money off the table but look at where you've got that money, spread it around, put it in value stocks and international stocks instead

of large cap u.s. stocks. liz: large cap u.s., now expensive, says david kelly of jpmorgan. thank you so much for joining us, david. good to see you. >> any time. liz: up next, it's revenge of the college kids as students around the nation sign petitions now demanding their colleges drop the price of admission. the ceo of the company that has always helped students save cash as they learn online, chegg's c ceo. the gang that created the online rental textbook which saved millions of dollars for students and parents around the nation is here to assess that new trend. closing bell ringing in 50 minutes. the dow down 209. we'll be right back.

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ds hav heee tnd tdd p yr y y ittuionioutta sta somend sdy s nelili sde stus atolbiol biol iversity asitysi tea tnieateeat ld sprin s t sti t s unlesnlnl inistranitors crs crs cos c of at tending the ivyeaeeaeaeay 10%. prcen, georgetoorwnor a jns hopkins hinseinlready iuedueue 10 decree fordera n.ittun. n.th don't want to taitairoundu til students start screaming at them. but this is a development that chegg, the online college textbook rental hub, is watching very closely because well before the pandemic, chegg saw prohibitive college costs as its reason for being. chegg's ceo dan rosensweig is coming off a stunningly successful third quarter. he joins us live. dan, welcome. you know, does anything about these college kids fighting back and signing petitions surprise you? >> only that it just took this long. frankly, you know, the kids who go to columbia, good for them. but they are paying $60,000, $65,000 a year.

the people that this really hits are the people that are paying $5,000 or $10,000 a year. you know, most of the people who didn't go back to college now are the people that work full-time and have to go to school full-time and when their jobs were eliminated, they couldn't go to school. i'm just surprised it took this long but i get it. look, there's the benefit to being on campus but if we're not on campus, why do we have to pay for it? i think students are stepping up for what they believe in and i think this is good. i think it's healthy and i think we finally have to lower the cost of college education. we have to make the content more relevant and we have to be able to figure out ways to engage more people through technology. and good for the students. liz: well, part of what you guys have been doing, aside from cutting costs of textbooks which in some cases run hundreds and hundreds of dollars, and by renting them and doing it online and enabling them to highlight digitally, i have covered your company, as you know, for a decade. it's just so disruptive and i love it. you have also now offered this

online tutoring and what we found during the pandemic is that a lot of these kids, even if they are studying online, have no access to their professors. it's just not coming together. what are you seeing when it comes to your tutoring business? >> well, i mean, truly, we were growing at about 32% a year anyway even though we have been public for over seven years. we have high growth and we have 80% or higher gross margins and we have 50% free cash flow. the ebidta has exploded since we went public. but what happened post-covid, we are now in 190 countries. when we first started talking, we didn't even know if we would ever get outside the u.s. now we are in 190 countries. we saw 64% growth year over year last quarter. it's because of everything you just acknowledged which is students have always had limited help on campus anyway. it's difficult to get in the

class you want, teachers' hours are whenever they schochoose toe them, they generally push you down to tas, you can't get in, they don't scale. we do everything on demand, low cost, super high quality, incredibly comprehensive. we have over 47 million frequently asked questions that have been answered. we can answer any new question which we are likely to answer about 17 million new ones this year from around the world within four hours, with incredible high quality, so you can actually understand what it is you are trying to learn. imagine people who are trying to balance life, trying to balance family. we are the only opportunity for them to really master the subject. liz: 40 million plus questions answered? does it answer what's the meaning of life? dan, let me -- [ speaking simultaneously ] liz: okay. so your subscriber growth, this really jumped out at me, you had

a boffo third quarter but sub growth grew 69%. can you kind of give me the genetics of the new subscribers who are coming on? can you detail who they are who hadn't been joining before? >> yeah. so two big groups, in the united states, two big groups have discovered us now which is community college students and a lot of people don't know 10% of all students actually go to one singular community college system which is the one in the state of california which has over two million students, and the other one is where the world is going, places like southern new hampshire university or arizona state university, which is not for profit online schools. these are people that are older, that have jobs, have families, they never get to a campus and need online support. that exploded for us in the united states and then outside the united states, when the world closed down, people -- it wasn't just the united states. everybody closed down. first time students around the

world went to the internet and said how can i get help and they discovered chegg. unlike the united states, they have able to find smart, safe ways to get people back into school. they are back on campus, yet our growth has not slowed at all around the world. so we expect to be a super high growth company with incredibly high margins for years to come because fact of the matter is, just ask yourself these questions. are there going to be more students or less in the next couple years? more. are they going to need more help? more. are they going to be paying for it themselves, likely. are they going to need to do it at scale and affordably, yes. will they need to do it across every subject they take? of course. that's what chegg was built for. this is our time. liz: dan, your stock is up 100% over the past year, year to date. really nice to see the company doing well and doing good. thank you so much. good luck to you. >> thanks, liz. you were one of the first to support us. i really appreciate it. liz: hey, that's what we do. dan rosensweig of chegg.

we have this breaking news. the number two democrat in the house, congressman steny hoyer of maryland, is now saying the house will vote on wednesday on a one-week temporary government funding bill while negotiations continue. okay. this is what blake burman was saying, that you would probably see a vote on the continuing resolution to buy about a week so that they could figure out how to come together on a spending plan so that they could keep the government running. with everything going on, get this stuff done, congress. we are still waiting to hear from senate majority leader mitch mcconnell on the current state of stimulus talks. but as you heard david kelly say, we really should be calling this relief talks, not stimulus. it's the relief that you need. we've got our eye on the cameras. stay tuned. i have a question for you guys. real or fake? get your mind out of the gutter. i'm talking about the shocking reality americans are facing as they head to buy their christmas trees, real or fake. we are about to show you serious

sticker shock. we will take you to a christmas tree farm where jeff flock is about to unveil how much your budget will be trimmed in order to trim a real tree. closing bell ringing in 39 minutes. "the claman countdown" coming right back. dow off slightly from where we were at the top of the show, but we are still down 176. stay tuned. we'll be right back. i felt like... ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn. i feel hopeful about the future now. ♪

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liz: fox business alert. apple is twisting the knife on intel's stock in this final hour of trade. take a look at shares of the world's largest semiconductor company. it is the biggest drag on the dow 30, with intel shares falling four full percentage points. apple doubling down on its own n1 silicon chip so no more intel inside. investors are reading that apple is closer now than ever to leaving intel's chips behind for good. apple chips will be used in the

new mac book pro, it's imac and mac pro computers. photography giant turned drug producer eastman kodak skyrocketing after the u.s. international development finance investigation found no wrongdoing regarding the stalled u.s. government loan to the company. telling lawmakers it found no evidence that kodak executives had any conflicts of interest in the plans. look at that gain, up 53% for kodk. check out bitcoin. bitcoin is still holding above $19,000 after hitting a new record high just one week ago. we are at $19,150 per coin with a gain of 50 bucks today. the cryptocurrency's 170% surge this year may not be over, as analysts expect institutional investor fomo, fear of missing out, during this latest rally to be the fuel that could continue to push bitcoin higher in 2021.

oh, tannenbaum, oh, tannenbaum, how much green will your evergreen branches cost this year? we have seen a lot of behavioral trends during the pandemic and here is one emerging, demand for real christmas trees. people want to be able to smell, it's reminiscent of their childhood, blah blah blah. this demand is leading to very short supply but it also coincides with what tree farmers are pointing to as part of the shortage. climate change. to jeff flock at a christmas tree farm in illinois. jeff, give us the story here. reporter: blah, blah, blah, you mean la, la, la. this is where it all starts. great thing about being on a christmas tree farm, this is -- that's where they plant these little things and they grow up and they become big trees. you should see this field out here. these have got a few years to go. there is somebody on a tractor out there. they bring people out in this field and then you can go anywhere you want and cut down any tree you want. maybe you want something a little bit bigger but i tell

you, it's tough to find a tree almost this year. they also have the world's largest corn maze during the summer but now one of the largest tree farms. this year, you are just getting slammed. >> we have had great weather and it's a very happy time to get a christmas tree. so yes, we have pretty much sold out all of our crop this year. we still have, we are down to this, about six, maybe seven feet high trees. reporter: got you. take a look at the numbers, liz, of sales of fresh christmas trees, up 29% this year, and people want this natural experience. >> oh, they do. they love it. they can't go sit on santa's lap this year, they can't go to the nutcracker but they can take their family and get a fresh beautiful tree which is part of their tradition. building memories. reporter: i was going to say, it's an experience. what people are saying this year, come over here and maybe mike, if you come over here, you see people, this one just cut down right here. you come out here with a saw, cut your own tree down.

it's too tall, i guess, this one looks like it's gotten gnawed off by a beaver. not sure who cut that down. looks like he tried a hacksaw. it's just a special year. people wanting this fresh experience and the trees, the artificial trees made in china, right? a lot of them? >> oh, yes they are. they do break down and there are chemicals in there that aren't good for your house, for the environment. reporter: this is environmentally friendly. this is a crop. this is a crop of trees. used to say don't cut down a tree. well, they plant two or three trees for every one they cut down, liz. a fresh tree. i have always had one. i leave you with a quick picture. can i show you one picture? do you have a moment? i just want to show you a picture of my daughter when she was about 3. my daughter elizabeth. she still remembers, she's now 34, she still remembers the tree we cut down ourselves and put on the roof of the car and took

home. pretty cool that she remembers that. liz: yes. jeff, you haven't aged a bit. reporter: well, your eyes, better check your eyes, young lady. liz: all right. thank you. thank you so much. tell the gang out there my kids would be so happy if i did a hanukkah bush, you know? reporter: hanukkah bushes are everywhere. there you go. liz: i see that. thank you, jeff. fun and games paying off. the foley acquisition corp blank check company, that's a spac, it is popping after merging with e-gaming payments giant pay safe in one of the biggest spac deals in the year of the spacs. the pay safe ceo and his billionaire backer, bill foley. did you guys know he owns the

las vegas golden knights hockey team? they both join us next on "the claman countdown." closing bell ringing in 29 minutes. the russell has turned positive, folks. that is a record. let's see what the s&p can do. it's still down 9. 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. and now with q4 wrapping up, the north pole has to be feeling the heat. it's okay santa, let's workflow it. workflow it...? -uh-huh. just picture it... with the now platform, we'll have the company you always imagined. efficient, productive, seamless. ok, i'm in. whatever your business is facing...

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liz: we are getting this breaking news hitting the tape. now, according to stat news, if you're not familiar with stat news, stat news is the medical organization that -- this press organization that has broken a lot of news about vaccines. according to stat, leading covid-19 vaccine makers pfizer and moderna have apparently declined invitations to the white house's vaccine summit on tuesday. that is not hurting their stock right now. they have declined this invitation, we don't have an exact reason. perhaps it's because the ceos

are extraordinarily busy trying to get this vaccine deployed across the united states by thursday, but we do have pfizer jumping 2.33%. moderna, a nice gain of 5.6%. if we get anything more on this, we will get it to you. with just 24 days left in 2020, the year of the spac has now clocked 210 companies worth a combined $72.3 billion that have come public by merging with blank check companies, and the latest one today may very well be one of the greatest. today, billionaire bill foley has merged his spac with a dominant player in e-gaming and e-sports payment space, paysafe is now today worth $9 billion. it was taken public in the third largest blank check merger of the year. joining us now are the two men behind the merger, billionaire bill foley and paysafe ceo, philip mchugh. wow, guys. this is a big day for you.

bill, when you guys have a spac, you get to decide which company you are going to merge with, to take it public. what was it about paysafe where you said that's the one? >> yeah. interesting, liz. after we formed, we went through a detailed list of about 300 companies from various bankers. we spent about 45 days doing that. we culled the list down to about 12 companies and the company that always came out at the top was paysafe. it's got -- it's so unique and it's in strategic space. it's the kind of company i really look for when i'm in a turn-around or in an acquisition situation. it's a fortress, it's got a moat and it's a utility within its industry. it just came to the top. i'm really glad we were able to work something out with blackstone, who will be a major shareholder going forward. liz: wow. phil, that is certainly a

positive response from bill about this. tell us what you thought when you got the call from bill and his spac partners here to say you guys are the ones at paysafe. what was your first gut reaction? >> yeah. it was really positive. we were looking at different ways to go to market. we felt we were ready and we were taking our time and looking at options to do something in 2021. certainly spacs were a way, an effective way, but the difference maker for us was clearly being able to partner with bill. not only on his reputation but after we first met, we really clicked. we see payment as a business where you can scale, where being able to specialize and really own a different industry vertical creates real value and we really connected. it's been a great journey the last few months together. but his experience, his growth track record is pretty good, and i think matched with our assets and our intent is a pretty exciting story.

liz: bill, you have been in financial and insurance businesses for a long time. i can imagine you were chomping at the bit saying wait a minute, paysafe, you guys pretty much own 75% of the payment systems for e-gaming and interactive gaming, et cetera, but you probably would want to start expanding and they are pretty much indentured into the uk business. what about crossing the pond and really expanding here? what is the plan, bill, where you looked at this and said you can do it, there's a lot of ways to scale up? >> well, the important thing about paysafe and its gaming experience is that they are the player in canada. they are the back office or the support system for each of the canadian lotteries in all the provinces. to accomplish the same mission in the united states, whereby the state opens up for gaming, paysafe is right there, already has connections in place, so

really, it's going to be a land grab. we want to be -- we want to have -- i guess we want to be one of those sooners. we want to be out there about ten miles ahead of everybody else in terms of the expansion. liz: maybe one of the ways to do that is by going into customized payments for the unbanked. both you and i know there are so many people out there who either can't get a bank account or don't trust a bank account, or quite frankly, in the millenial world, don't think they need it. how are you going to go after the unbanked, which could be very fertile ground for you at paysafe? >> it's a great point. we are already in that as well. there are two things we see happening. in the digital wallet space, we are a scale player, you are really seeing digital wallets take off because we can create so much functionality and so much service digitally, the banking and service concept moving money in and out of the wallet, into the merchant, back

out, p to p and even remittance. our wallets have all of that functionality. that's been very successful in i-gaming and helped us diversify beyond. in e-cash, we have a product that makes cash available online. we have seen that really, really take off as a starter product, where we cater to millions of gen-z and millenials that are playing video games or downloading songs and e-sports, and they really can get into the payment method that way. but also, the security conscious and unbanked, we are seeing lots of use cases where our products, the flexibility really open up for the utilities to pay rent and even to deposit money into digital banks. we are very excited about that space overall. liz: bill, we've got to run but i'm very interested to know, because i just had this fireside chat with gary bettman, the commissioner of the national hockey league. you as the owner of the golden

knights in las vegas, there is still no firm date to thought. we had thought january 1st for the hockey season. maybe the 15th, who knows. what are you hearing and do you expect to have fans in the stands at the t-mobile arena when the season opens? >> well, i don't believe when it opens we will have significant fans in the arena based upon the covid spikes that are going on. it may not be that -- we may not start january 15th. it may slide a week or two. but we will be playing hockey. we will be in t-mobile but unfortunately, we may not have fans which is really sad, especially for our team, because we intend on winning the stanley cup this year. liz: yeah. yeah. and boy, your first year out as an expansion team. i'm an l.a. kings fan. it took us 40 years. bill, great to see you. bill foley. philip mchugh of paysafe. good luck to you guys. we'll be right back. one of the worst things about a cold sore

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liz: and in our daily kick yourself for not having bought tesla shares a year ago, tesla is hitting an intraday all-time high. it's now topped the $600 billion market cap milestone. look at it now. it's jumping 7.33% today to $643.29 a share. goldman sachs saying that shares could hit $780 per share but you know what? since the s&p 500 inclusion announcement on november 16th, tesla has gained $209 billion in market cap. by the way, there have only been six other companies on the s&p with a greater market cap than $600 billion. that includes apple, microsoft,

and amazon. amazon is moving lower by half a percent. microsoft down slightly as well. but you know what, alphabet, facebook, general electric as well, but the last time g e-traded with a market cap of $600 billion, yeah, you kind of have to go back to october of the year 2000. that hurts. after more than half a year of inaction, coronavirus relief is apparently finally coming together. this is a live picture of senator patrick leahy of vermont speaking on the floor of the senate. we are waiting on mitch mcconnell, the senate leader, but listen, why is it coming together? maybe because only certain concessions are on the table. charlie gasparino has been breaking news all day on this. charlie, what do you have now? charlie: we should point out if you and i bought tesla, we couldn't report on it. we have been doing a lot of reporting on it. liz: right. charlie: the stimulus package, here's what we do know. as of now, business groups are pressuring mitch mcconnell to

find some sort of compromise on this bill. why are business groups worried about this? the word simply is that there's not a trillion dollar stimulus that by the time we get a vaccine widely distributed, the economy is likely to fall into another recession. that's why they're worried about it, given the types of lockdowns going on. we should point out that california is locked down pretty dramatically. new york state, governor cuomo threatened today over the next five days, in five days, we could have no indoor dining. that's why the pressure is on mcconnell. you know, liz, the interesting thing is what's going to be negotiated. from what i hear, sources close, republican sources close to mcconnell say he is willing to give up on business liability protection if the democrats give on some of their very, very -- people would say progressive edicts as part of a stimulus bill which republicans don't like, for example, funding unfunded liabilities in pension funds. that's a real problem for

republicans. that's a non-starter. i guess checks given directly to people, you know, the size of those checks. these are some of the things that i think will be negotiated. from what i understand, there is some progress. we should point out that earlier today, i tweeted that he would have a bill being produced today. that was wrong. i quickly corrected it. but he will make an announcement and a lot of people think they are coming close to this. now, the bill is the official -- i mean, the official action itself, but you know, listen to what he says. from what i understand, they are coming close and the pressure is on mcconnell to do something, given the way the economy is moving, which is not up right now. but down, after, you know, and you know, here's the problem. you think about it, we are going to get a vaccine soon. i can tell you this. my brother is on the front lines of covid. it's coming. it's probably going to come very soon, right? i already got my -- i belong to the langone medical facility.

that's where my doctor is. i already got an e-mail the vaccine is coming. we know that. there is going to be a time before it comes where we need a stopgap measure. that's kind of what they are talking about right now. business needs, given the lockdowns that are so severe, particularly in blue states like california and new york, they need something. mcconnell understands that. businesses are prodding him. he should be speaking momentarily and we will see exactly what he has to say. back to you. liz: yeah. yeah. you ready to take the vaccine? what's your brother advising you? i'm definitely taking it. i'm a doctor's daughter and my sister is a top epidemiologist. i'm ready. charlie: i am. my brother, just so you know, he has a motherlode of antibodies because he had covid for a week that was really bad. he works with folks that had that. he got that early on. i don't know if he is going to be volunteering to take it soon. it might not be his choice. hospital workers may be forced to take it. i think as a condition of his

employment, he has to take the flu vaccine so he may have to take this. i don't know. but i'm going to take it. you know? liz: me, too. me, too. charlie, thank you so much. all right. we're coming back with the "countdown" closer whose stock pick the last time around -- . .

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from ancestry. ♪. liz: four minutes to go. we have a record once again for the nasdaq that would be its 49th record close and the russell right now just flat to slightly higher. so it is going to be one of those down the stretch they go. we'll see in a few minutes. as the ipo market heats up amid the recovery another 10 million-dollar ipo may be in the pipeline. cheryl casone. reporter: it has been the year of the tech ipo. walmart reportedly contemplating taking flipkart in a public to wage war with retail behemoth

amazon. flipkart is one of india's biggest players, direct competition with amazon. indian news service that walmart is working on a u.s. based ipo for flipkart on a 25 billion stake worth 10 billion which would value the business 10 billion. walmart only paid 16 billion two years ago. this flip, is a good one for walmart. they're holding above 2% stake in the indian online seller. microsoft holds some position tencent. the company was quick to point to flipkart's success and international story for walmart overall. that is walmart down half a percent. amazon doesn't sell directly in india. it would invest one billion dollars to help small businesses there get further traction online this is big move and probably a big one for call mart. liz: flipkart will be a big one.

cheryl, thank you very of our "countdown" closer, last time he joined us look at consumer audio company sonos, the speaker company. since he mentioned it it is up 350%. he says it still has got room to ron. scott red letter joins us, the few picks for us. >> i know we don't have a lot of time. sonos at 12, $13. people were laughing. it is 21.75. it is only in its infancy. it came public couple years ago. the post-ipo high, 23.50. i think it will be a sonos christmas and sonos christmas redot outside and everyone loves the outside. second pick a little slower. a lot of guys like yield. verizon. you know the company does, liz? everyone does. they say this is where money goes to die. you can't buy verizon. it has been a snail.

year-and-a-half channel people are knocking their heads waiting for a breakout. i think two bangs for the buck. you get the yield and maybe get the dogs of the dow play if it breaks above, what is it 62 1/2, i think it will create some alpha in the first quarter of next year. my last play i think is a very cheap one if you're quick. listen, you see the move in tesla. tesla has been fantastic but a lot of companies are being sold to make room so they can be put in the s&p, one of those is amazon. so on the 21st of december i believe you know, tesla will be put in. i believe selling on amazon will be over. i think you get involved with amazon the day of, the day before with options or the stock. i think you can get a nice move into the end of the year. liz: by the way, folks, scott has a very good record on the "claman countdown." good to see you, scott. he is liking sonos still. thanks, scott. another day, another record for the nasdaq.

for the russell slightly too close to call right now. [closing bell rings] we're just straddling that flat line but this will be the 49th record for the nasdaq this year. not so much for the dow which loses 154 points. time for "after the bell." connell: you have tensions between the u.s. and china, and nasdaq closing at another record high, third day in a row. this is the 49th record close of the year 2020 for the nasdaq composite up 56 points. with that i'm connell mcshane. welcome to "after the bell." it is time for the news happening at this hour. fox team coverage, blake burman at