because with i herald you say 2021 is going to be fantastic. bethe surface, i cannot -- beneath the surface i cannot believe the stocks that are exploding. i i think the last hour of trading, or liz claman, going to be explosive. liz: yeah, it sure is, charles, for a couple of reasons. we've got two major stories breaking at this hour. the pfizer and biontech coronavirus vaccine that's already being deployed in the u.k. and canada awaits emergency use authorization here in the u.s. and breaking news on the airbnb ipo, it is the most actively traded stock as we head into the final hour of trade. we've got our eye on the clock because at any moment the food and drug administration's advisory panel will begin the meeting that will end in a yea or nay on approving pfizer's covid vaccine. former health and human services secretary governor tom price is about to tell us the odds that the fda will green light it.

and as a record 3,000-plus people died in a single day yesterday, how soon could this happen? could be in this hour. airbnb, look at the percentage jump at the moment, 118% after being priced at $68 a share. it's now at $148.86. high of the session, 365. all right -- 165. which gives the home rental company an eye-popping valuation above $100 billion. we've got the man of the hour, air airbnb cofounder and ceo brian chesky. he's going to tell us about the moment when they realized it was not going to collapse but, rather, survive the pandemic and go public. don't miss my interview coming up. and as we look at the markets, they have been down, they have been up, and we do have this mixed picture at the moment as oil shoots higher. that means the whole entire

energy complex is moving higher and congress works to avoid a government shutdown and pass billions in coronavirus aid. so a lot of plates spinning in the air. we'll try not to break any of them. breaking news, let's take you live to that virtual meeting where the fda is vetting data line by line. phase or just a few hours ago made its pitch before -- pfizer made its pitch in an open forum. all that's left is to make the call to start using it, as i said, that could happen within this hour. to blake burman live at the white house. let's be clear, the clock is tucking, but this is serious. this is more than just a formality, right? >> reporter: yeah, it is. well, at least they're still going over all of this, liz. i was looking at your screen for a second, if we could put that live image back up, if you wouldn't mind, because there's a whole lot of science and data going on. look at that middle graphic, that's what they've been talking about over the last six to

hours, the science and data between this vaccine candidate. we did hear from the pfizer representatives, they made the case, liz, that they have checked every single box to date when it comes to their vaccine candidate, and they also said that because of what we're seeing all across the country, rising cases, the surging number of deaths that we were fortunately seeing as well, they say now is the time to give emergency use authorization to their candidate. listen here. >> as shown on this slide, efficacy was high in both males and females, and efficacy was high across racial and ethnic groups. >> reporter: regroup to the fda should make its recommendation in the next couple hours. this morning we heard from the commissioner, dr. steven han, and he was asked if this group eventually says yes, our recommendation go forward with the eua, when would the fda give

its official seal of approval, and this was his response -- >> our plan is to take their recommendations into account for our decision making and make a discussion shortly thereafter. again, it really depends upon the complexity of the issues discussed, but we intend to act quickly. >> reporter: so you'll notice he said shortly thereafter, we intend to act quickly. dr. han nor the fda has said what exactly that means, would they act quickly in a matter of minutes, in a matter of hours or potentially a matter of days? by the way, he's also stressed, the doctor has, liz, that whatever this advise true panel recommends, probably at some point around 5:00, whatever they recommend, it is a nonbinding are recommendation, and at the end of the day it is the fda who is going to make the call. either way, we await that recommendation here shortly, liz. liz: exactly. exactly. but something tell me -- well, you know what? let's ask somebody who would know when this might happen. we would like to welcome right now -- thank you very much, blake -- former health and human

services secretary under president trump, dr. tom price. dr. price is an orthopedic surgeon. doctor, how certain are you that the fda will approve the vaccine within the next two hours? >> i think the report of the committee, the advisory committee, will be to issue an eua by the end of this day. whether or not the fda follows up with that and approves it today or not, i think, is not terribly helpful. but what i think can happen that it will approve within the next day or two, and then the distribution of the vaccine will proceed from there. and we can finally get on with, hopefully, getting back to some type of normalcy in the our society. liz: well, yeah. eua, obviously, emergency use authorization. we're waiting on that. give me a sense, though, of how crucial it is. i mean, is there a chance they may say no? i mean, we do know that canada

and the united kingdom have already started with the syringes putting them in people's arms. >> that's right. liz: so that's already happening. i understand how our regulations work and really it is there to help us, but people are very anxious. what do you think should be a fair amount of time before we start to see what's in those boxes start getting into people's veins? >> yeah, i don't think any longer than a couple days would be reasonable. i think there's an outside chance that the fda doesn't aapprove it because of the allergic reactions that occurred in the u.k. over the past week. but i don't think that's reason enough, and i think the testimony that was provided today through pfizer and others who were testifying, i think they made the point that that wasn't reason enough not to provide the emergency use authorization. so i think it'll happen within the next couple of days, and i think the product will then be distributed across the country. liz: i can hear our viewers asking what about that allergic reaction, and some of it was

mild, obviously, and this is to be expected when you're putting out a vaccine in any case. but i have an aller iy e to shrimp, should i worry? my mom is allergic to sulfa, should she worry? >> the two individuals, i understand, were individuals who were extremely allergic to many different items, so much so that they carried an epipen with them at all times. and again, reactions to certain vaccines are not unusual, so we ought not think this is something out of the ordinary. that doesn't mean you don't take precautions because you need to take precautions, make certain where the vaccine is administered that there are people there who are able to help somebody if they do have a reaction to the vaccine. but i think that's the process that we'll go through. states are now determining where that infrastructure is in place to be able to proceed with the administration of the vaccines as rapidly as possible and, hopefully, by the end of january we'll be able to see literally tens of millions of doses being

provided to folks in the united states. liz: doctor, we know that ups and fedex in a rare form of working together when they're both vicious competitors, ups will be in charge of distributing to the eastern half of the nation, fedex e to the western half. but again, we just saw a video of these industrial freezers. this thing has to be kept cold, at least the pfizer vaccine does. do you foresee any log jams when it comes to this? >> well, i understand that both fedex and ups have staged these freezers in place so that they're able to keep the vaccine at the temperature that it needs to be in order for it to befect i. and then as they -- be effective. and as they move it to the cvss and the walgreens and other folks who will distribute this, i think they'll be able to maintain that. the question comes when you get in the rural areas, in areas that don't necessarily have this kind of infrastructure, and that's where it's important that states step up and make certain that they're able to provide the

vaccine for all individuals across their state who are in need whether it's first responders right now, front-line health care workers or folks that are in nursing homes or long-term care facilities that are particularly at risk. liz: dr. tom price, former health and human services secretary and thursday generation doctor. -- third generation doctor, thank you. >> thank you. liz: we appreciate you coming on. all right. we've got to talk about doordash. remember what a big story that was yesterday? not looking so dashing at this hour. shares falling 6.9% right now after yesterday's rock star debut. the valuation might be a little too overcooked, but airbnb grabbing the limelight. to buy or not to buy the year's largest public debut of a stock. our floor show traders play judge and panel next. and coming up, airbnb cofounder and ceo brian chesky right here on "the claman

countdown." closing bell ringing in 51 minutes. the dow is down 90 points. we are coming right back. ♪ ♪ a must in your medicine cabinet! less sick days! cold coming on? zicam® is clinically proven to shorten colds! highly recommend it! zifans love zicam's unique zinc formula. it shortens colds! zicam zinc that cold!

liz: okay. so we've put the airbnb stock in our lower bug so so that you can watch it, but it's also right here on your screen. it is tearing higher at this hour, up $149. when it opened right this afternoon, it was about $146, then it spiked up to 365. at -- 165. at the moment, it is still up 119% on its first day of trade. airbnb, of course, is just one of a handful of huge ipos this week. doordash spiked to a high of $195.50. but, you know, team countdown noticed yesterday just as the food delivery darling raised higher, investors seemed to be pulling out of recent momentum stocks like peloton, zoom and palantir. all three of them dropped more

than 6% apiece yesterday. but here we are with about 46 minutes left to trade, and investors today the are cooling on doordash which is down at the moment 6.5% while the other three are moving higher and people are putting money in. with billion on the the up 5 -- peloton up 5.8% and palantir better by 1%, what does that behavior signal for airbnb's ipo? to tom. hayes and phil flynn. tom haste hayes and phil flynn. what dud you make of that rotation, albeit a short one yesterday? >> well, liz, i think this is an abundance of demand and a scarcity of supply. both airbnb and doordash only floated about 10% of the company. everyone wants them, they're unique franchises. for me, i would treat this one like snowflake in the case of airbnb. snowflake rocketed off the ipo,

and then after a few weeks when it calmed down, you could get it at a more reasonable price. i don't know how reasonable the price was, but in the case of airbnb, its peanut private market valuation was 34 billion, they raised 3.5 at 41 billion, and now it's trading at about 100 billion. i might wait for it the tool off a little bit. 125 times earnings a little rush for me. in the case of doordash, private market valuations was 16 billion, and i read a note it would have to compound revenue at 40% a year for the next decade to grow into that valuation. so i'm going to sit back and wait. i do think the airbnb has a better franchise than doordash, less competition, 4 million hosts in 220 countries. but i like to buy thing when they're marked down on sale. i'm going to stick with banks, defense stocks and energy. and, liz, this cyclical

rotation, this new business tyking, has really -- cycle, has really taken hold. wells fargo has outperformed apple by over 30% just since september, and that's where i want to focus for the beginning of this business cycle. [laughter] liz: that's what we've got you traders for. phil, to buy or not to buy airbnb, and as we await our interview with brian chesky coming up, i'm fascinated by the fact that people started moving out, albeit just for one single day, of the hot names like zoom and peloton into doordash. you know, it's a scary game, to chase an ipo, isn't it? >> well, it definitely is, you know? and i'll tell you this, i think what happens is sometimes though you look at the two different stocks, you got a high priced stock and you're looking to saw, hey, i can sell this stock and buy with five times the amount of shares of this other company that may, indeed, over time have long-term potential. and i think you're both absolutely right that sometimes

buying on debut day can be very dangerous. but if you have a long-term horizon on this market and if you're not, you know, trying to price pick exactly, you probably should buy it. i can until you thousands of stories of investors i've talked to that, you know, wade in on the ipo and say i can't wait, it comes back 30 or 40% and they're like i'm afraid to buy it, and then they miss out. liz: yeah, yeah, yeah. >> people talk about they never bought it, they still haven't bought it. liz: tom, phil, great to have you weigh in on this. we're watching as airbnb travels past the covid crisis straight onto wall street. in just a few minutes, cofounder and ceo brian chess key is here. what was the tipping point during the pandemic that signaled the giant could move forward with an ipo during the thick of a pandemic that wind

out, you ready? nearly 80% of its business. closing bell ringing in 42 minutes, and you are about the hear the fascinating story of the rise, the fall and the rise again of airbnb which right now is up $80 to 148.70. we're coming right tobacco. ♪ muck flub -- right back. ♪ ♪ [szasz] we take care of ourselves constantly; it's important. we walk three to five times a week, a couple miles at a time. - we've both been taking prevagen for a little more than 11 years now. after about 30 days of taking it, we noticed clarity that we didn't notice before. - it's still helping me. i still notice a difference. prevagen. healthier brain. better life.

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so you can... retire better ♪ liz: fox business alert, as we await the fda announcement, we do have a direct line between the vaccine and starbucks showers at this hour. starbucks stock is percolating higher by more than 5% on projections there will be a strong berebound in demand for its, yeah, catch chinos and whatever -- cappuccinos and whatever else you order i by 2022 thanks in part to vaccine distribution. while starbucks reiterated its 2021 fiscal forecast, it does expect earnings growth of more than 20% by 2022. goldman sachs has picked some new winners and losers, and

at this hour goldman's warning there's a rough road ahead for best buy next year saying it'll struggle to match sales seen this year. goldman lowerrerring it to a sell rating from a neutral, but retailers levi's and ralph lauren, the jeans maker has an attractive risk/reward profile heading into the new year. i don't know what that means, but it's fancy goldman speak, right? levi up 2.6%, and goldman also giving ralph lauren a two-notch upgrade based on confidence in the company's digital channels and new brand initiatives. that i get, up 3.5% for rl. we've got some moves in the auto world. tesla's market cap falling below $600 billion after news street research analyst downgraded the stock to a hold telling investors, you know what? may be a good time the take some

profits ahead of tesla's inclusion into the s&p 500. not killing the stock, it's up 3%, 622.79. but we've got to get to human far which you can see -- luminar falling after a crazy great ipo last week. it is extending losses after citron research and its short seller calls said the maker of lidar which helps cars self-drive setting its price target at $20 a shower, it's at 34.48 a right now. -- share. and a $or 42 price target noting the autonomous maker is, quote, still in its infancy. but if you believe it, isn't that that where you want to get it? all right. as luminar slides, airbnb is rocketing higher. it's now up 119.7%. the online vacation home rental company surviving the pandemic and charging forward even as

covid cases and deaths hit new records. coming up after this break, i'll talk to cofounder and ceo brian chesky about this first day of trade, when he expects profits to return to his home away from home company and what it's like to see his company which started as an air mattress rental on his living room floor go plucked today. that's straight ahead. the dow is moving at the moment, still struggling 47 points but off the lows of the session. nasdaq up 64. we are coming right back with brian chesky. don't go away. ♪ ♪ workflow it. workflow it...? with the now platform, we can catch problems before customers even know they're problems. wait... a hose? what kid wants a hose?! fireman? says "hose"

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over a billion dollars in transactions and more than a half a million clients worldwide us money reserve is one of the most dependable gold distributors in america. liz: breaking news, take a look at the very latest sprint of our bnb stock on day one as a public company, the home-sharing platform first trade spiked from

$68 set last night. airbnb pulled off the opening bell this morning with a twist. the bell at the nasdaq coincided with video of doorbells from airbnb host homes all around the world. you could say that's a nice touch for the company that was cofounded by three roommates who decided back in 2007 to rent out an air mattress on their living room floor. in husband only interview -- husband only interview less than 30 minutes before the close of the stock debut, ceo and cofounder brian chesky joins us from san francisco. wow, brian, when you look at the floor where back in 2007 you and your roommates decided to rent that air mattress, what goes through your mind today as you go public? >> yeah. well, i mean, i started airbnb, my roommate and i in 2007 actually couldn't afford to pay rent. and a design conference was coming to san francisco, hotels sold out, so we inflated some

air beds and we called it air bed and breakfast. if you would have told me back then, 13 years later, that we'd be having this interview, i probably would have thought you were crazy. liz: yeah. i mean, that's the thing about founders, they think to themselves will this ever work, but it actually has. and i find it so fascinating that as you look at when you look back, i guess, at the timing of the ipo, it had to be on a sliding scale because of the pandemic. why now? what made you say, you know what? we're not through the pandemic yet, but we're still going to take this chance? >> yeah. well, you know, we were planning to go public this year when we -- in january. and, like, kind of most people's plans, 20 got turned upside down. we put our ipo on hold, and it probably was quiten likely to most people -- quite unlikely to fathom in the spring that we would go public, but, of course, something happened. what happened was over the summer people started getting in cars and wanting to travel nearby and staying in homes.

and because of that, our business started recovering. and it started, it started coming back. and at that point we decided, you know what? we're not, you know, we're not out of the woods here, but, you know, or we feel confident enough that this is the right time to bring some additional shareholder es on to, as part of the company, and we we really want to make sure, like you mentioned hosts, hosts can participate in this company as shareholders and others as well who really, i think, see airbnb for what makes it different. liz: brian, i want to go from that silver lining moment in the summer that you point out back a little bit, and let's talk about let's say march and april when you guys had the pandemic shock the system. what were those first early days like? almost like, you know, the ship is starting to sink, you grab the life vest, but let's make sure we can plug these holes. describe those couple of weeks. >> well or that's exactly what

it felt like. i mean, very few people run a business that drops 80% in ought weeks and lives to tell about it, and if that ever happens, you have to act very quickly. i convened our team. i said three things. number one, you know, we have to be incredibly deiceoff. two -- decisive. two, we have to act with all of our stakeholders in mind. and, three, we better ask ourselves how we want to be remembered if we are even lucky to be remembered at all, and i think that kind of gravity makes you act very quickly and make a lot of what we hope will be a lot of the right decisions. and, you know, it was just -- i feel like i'm, you know, 39 going on 59 or something because i feel like we had decades worth of decisions to make kind of around the clock. and it was really hard. and, you know, you never -- you feel your responsibility, and it becomes abundantly clear when in the trying moments of a cue sis people are depending -- crisis

people are depending on you. you feel that responsibility more than ever. liz: sure. well, you have both the employees who depend on you and, of course, the hosts. let's tackle the employees. you had to lay off about 25% of your employees, around 1,900 as i understand it. have you hired back some of them, and when do you fore see bringing all of them back into the fold? >> yeah, that's a great question. so every we have hired some of them back. and then just to go through what happened, when we had to law off employees, one of the ideas that somebody on the team had, i thought it was a great idea, was let's create a directory, an alumni directory so we can publish it and if recruiters could then reach out to them so people know who's available. we did that, and we had almost half a million visits to the alumni directory. so a number of them got jobs, i'm very end happy for them, i presume they're happy. but we would welcome, we would welcome employees back, for sure. now, to be very clear, we are

not out of the woods. you know, we want to hope for the best, plan for the worst. none who, like, was in the business of predicting the future is probably now not doing well today. but so, absolutely, we are encouraging people to absolutely revisit joining airbnb. liz: the great jack welch who ran ge for so long used to say there are a lot of good businesses out there, but to be great you have to you are view a near death experience. where does the pandemic rank? i mean, i'm hearing from you it 10u7d sounded something along those lines. >> you know, i remember in the depth of the crisis there were news articles, and some of the headlines were will air airbnb t in the future. but i'm also just with, you know, this company was born in a crisis, in the cry crisis of 20. and, you know, we couldn't afford to paw our rent. and i think that that, you know, you have to have optimism even in your darkest days. you have to believe that things

will eventually get better, that these are moments in time. and only people, their fortune comes faster than ores, but, you know -- others, but, you know, i think there was a real lesson of just kind of persevering, being optimistic but also i know that we're only here because of those who helped us, those who believed in us, and we are incd by lucky to be here. that's not lost on me, how lucky we are. liz: you have a very motivated audience cheering on your luck because they're thinking about buying the stock as we watch the clawman countdown -- claman countdown. by 2018 you were making money, i mean, $200 million profit. but then by 2019 you lost about $322 million. that was before the pandemic. what do you think you'll have to do to get yourself up to profitability once again? >> well, i mean, i think we made a lot of the key decisions to get this company into a very, very good kind of disciplined place.

i mean, we are more focused than we've ever been, and we are focused on a problem that we think is a huge one which is allowing people to feel like they can be insiders and locks when they travel. and to be -- locals. to do that, we're trying to unlock as many people as possible becoming hosts, millions of hosts. we also in the middle of the pandemic shut off marketing. very few people can turn off the equivalent of a billion dollars of marketing and see what happens. we did. and what we found is our traffic level came back to almost 2019 levels, and the reason why is because there's, i think, quite a, quite a lot of recognition and love for the brand. it's used as a noun and a verb around the world. so i think there were a lot of things this crisis revealed. it rell e vealed -- revealed how strong our brand is, and it also made us more disciplined and more focused. we were already on a to becoming more focused and disciplined, but this took, like, years of progress and pulled that forward, and i think we're a better company because of a lot of the changes we've made.

liz: and you're benefiting now from the work from home movement, obviously, because some people say work from anywhere, so they're thinking if i'm not going to be in the office, are the me go from a yert in who knows where. so these are real opportunities that have suddenly begun to present themselves. tell us about what you're seeing as far as the work from home movement. >> oh, yeah. i mean, it is human. so what we're basically seeing is a world where everyone's on zoom or a lot of people on zoom, it's a world of flexibility. and you're right, a number of people are saying, well, if i don't have to go in to work, i don't know if i want to work from this home. i might go to another home. so we're seeing a lot of people working not just from home, but working from airbnbs. that means length of stay is, obviously, something we're closely monitoring. but, you know, most people don't realize that 14% of our nice book last year were for longer than 28 days. we have a very robust monthly,

you know, monthly stay business as with. we're also seeing other kind of really interesting use cases like college kids who can't go back on campus but don't want to live at mom and dad's. they are visiting family and they are getting an airbnb nearby. i can't tell you which of these are temporary and which of these are permanent, although i'm pretty sure we're going to be living in a world of flexibility and more people are going to be working from their homes. that seems like not a huge leap of faith. but more importantly, if you can't predict the future, maybe the best thing to adapt to it, and i think our model's proven we're quite adaptable. liz les this pandemic is a moving target. yesterday the united states marked its worst numbers of deaths since the pandemic began, more than 3,000, that's more than the people who died on 9/11. are you seeing any cancellations? and i'm interested to know particularly in california which is suffering not to mention,

idaho, which has the huest rate. highest rate. >> yeah. were -- we've seen cancellations. just to give you a point of reference, when the pandemic initially broke out and the world was sheltering in place, we had more than $1 billion of cancellations that were put through the system, and so, i mean, you know, we true to be as flexible as possible with our community, and it's always a tough balance because you'll have hosts who are really depending upon this income. but the way we try to do it is we try to work with local regulators in cities and countries all over the world. we're in 220 countries and regions actually, in 100,000 cities. we do our very best work with regulators and health professionals to make sure people aren't putting themselves in harm's way. one of the professional we sured is the former surgeon general under president obama, dr. murthy who was named to be the cotheir of the covid task --

cochair of the covid task force, and we hired him over the summer to implement an enhanced cleaning protocol to make sure that our airbnbs met the standard that he could, you know, really stand by. and more than one million hosts have met our enhanced cleaning guidelines. liz: the airlines are suffering severe cash crunch. how dependent is airbnb on the health of the airlines who are dying for more government money in. >> i mean, you know, airbnb, like, you know, half our business last year was cross-border travel, people going from one country to9 another, and most of -- quite a lot of cross-border travel requires you to get on an airplane. so were very much, you know, dependent as the res of the travel industry is on people's ability to fly. i do think the difference between airbnb and maybe other travel companies is we are more adaptable because we have millions of hosts. we have spaces allover the world, you can use them for many different use cases. people are getting in their cars

and driving a few towns over, up to 300 mules away. and so -- miles away. we've been able to adapt by serving that. but when people do get on planes and do cross borders, that will, obviously, be a huge benefit to our hosts. liz: what is the most important goal that you now is have as a ceo, and how do you avoid, you know, the first day of trade, great, but how do you avoid being that ceo who lives and dies by the stock price and is constantly checking it it? >> well, there's an old saying by an economist who said that in the short run a stock price is a voting machine, but in the long run it's a weighing machine. so i think the way you think about it is to just focus on this game over a very long period of time. i mean, listen, i'm 39 years old. i started this company and my two friends, i was 26. so i've been doing this for 134 years which is -- 13 years, but i intend to do it for a very long time to come.

and, of course, the price will go up, it will go down, but i tell our company to focus on the things we can control. we can't control the stock price. so trying to focus on something that you can't control is not super productive. but what we can control is to make sure that, like, when people come, they have an amazing experience. i want our company just completely focused on that problem, making sure we take care of our stakeholderrers. liz: we're doing our first airbnb this christmas, so we shall see. yeah, i've taken the dive, brian. thank you so much for joining us and good luck. you've got to come back once again. >> absolutely love to. thank you for the invitation. liz: and what you see here, okay, let's look at it once again, airbnb is just around where it opened, $146 per share. but, again, it was priced at $68 per share. all right, we have 15 minutes to go before the closing bell. wall street no fan of new york city mayor bill de blasio, so who is high finance planning to back in the 2021 mayoral race?

charlie gasparino with the inside scoop. we are coming right back. the dow, well, look at the russell. the russell's in the green, nasdaq's in the green. dow down 51 points. we are coming right back, don't go away. ♪ ♪ it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪

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(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: with 2020 elections over and rey only the georgia senate runoffs remaining, wall street is now shifting its gaze to the next political battleground right in its backyard, the new york city mayoral race. to charlie gasparino with, i guess, charlie, you know the details on the candidates that bankers would like to bet on. >> right. we should point out that wall street's been experiencing and leading an exodus out of new york city for the last 15 years,

a lot of it has to do with costs. that is expedited under bill deblasio. as you know quality of life here in new york city is not so great. got hit with covid, high taxes, put it all together and the top executives of the big banks are saying if there is a continuation of a de de blasio e mayor, something that considers business as a enemy and does not crack down on crime, liz,they're talking about that exodus out of new york city will continue and grow. we should point out that goldman sachs, one of the more liberal firms out there, is eyeing a potential move to florida or texas. so that gives you an indication on how this going, and ever other firm is doing the same thing. what could stop that? the wall street guys are telling me are saying an election of one of three caughts that are -- two of which have officially said they're running and one who's likely to run, if these candidates do win and it's a big if and they are not right-wing

ors, by the way. these are business-friendly liberals, i would say. that would go a long way in keeping big business here. so who are these guys? well, it's one that we've been talking about at lot, ray mcguire, the former citigroup executive has been meeting with top wall street bankers about raising money, and he's talking to all the big firms and banks right now about raising money for a mayoral election, a mayoral bid. shaun donovan, a foreman official in the bloomberg administration -- former, housing official for president obama. considered a liberal but a business-friendly liberal, someone in the vein of maybe president obama but not bill de blasio is also making the rounds among the banks trying to raise money. so they're clearly out there. the wildcard here andrew yang. as you know, the entrepreneur who did run for president lives in the city right now. he dropped out of the mayoral race. he's been telling people he's

likely to run as well. moving forward, my producer broke a story last night that he's telling people he's going to start assembling a campaign staff to do so. he'll probably have some money if he can do it. and those are the three candidates from what i understand wall street wants to win. again, liz, a huge lift for any one of them to win. and the reason why is simply the way new york politics runs. it's basically run by the big group to ons, scott stringer, the city comptroller or is very plugged in, eric adams, the brooklyn borough president, again, very plugged in, and there's a host of orr candidates that are to the. [laughter] of bill de blasio that may run as well. to the left of bill de blasio. but if there is a moderate candidate that gets in there, wall street would be happy, the real estate industry the would be happy, and you'd probably see the massive exodus out of the city that's being contemplated right now. identify been doing a lot of reporting on this, liz. every firm is thinking about

moving out and moving chunks of people out. that's going to continue unless we get a change in administration because they believe the progressives in the city are hell bent to tax them, not to protect their workers and to make it pretty unlivable here in new york. and, by the way, the advantages that we have here in new york with great schooling and allegedly -- can be found in a lot of places these days. back to you. liz: charlie, thank you. we are coming right back, don't go away. ♪ 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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drug. this meeting is supposed to go until 5:00 p.m. we thought maybe it would happen this hour, maybe the next hour. "after the bell" will be all over it but as you can see we are watching it by live camera. airbnb the latest ipo betting on better concerns in the recovering economy next year but what about stocks that can really farewell next year and offer you a nice dividend in case something happens? michael is portfolio manager at clearbridge investments. 140 billion under management. he says they have the magic to do that. these are dividend payers. why these three names? >> sure, a couple names worth talking about today are names, what we're trying to find is names that, will do well no matter what happens. we're pretty bullish about the back half of next year as the economy recovers. we want some leverage to that but also some downside protection in case that doesn't

play out. one area we like is property and casualty insurance. we own travelers which is best in class insurance company in a market hard to find at tiff valuations. 2 1/2% dividend. 13 times earnings. a strong pricing cycle there's benefiting from. we expect that to continue, volumes will increase as well. that is one area we're focused on, liz? liz: you also like raytheon which is a defense name and we can flip over to that one, raytheon is an interesting name been around quite some time that has 2.6% dividend. i'm interested about williams because that is a nice dividend, 7.4% but aren't you worried about its exposure to natural gas? that is a commodity that just hasn't really broken out? >> yeah. so that is actually created part of the opportunity we see. williams is a very high quality company. they operate one of the largest or the largest natural gas

pipeline system in the country. in spite of all the pain in the energy patch this year williams will actually deliver this year in line with their original guidance from before the pandemic. they have made it through this without any negative impact to the financial earnings a year ago. that demonstrates the resilliance of the business. the business is more than 7 1/2%. it is more than fully covered and growing. we like williams and natural gas we think carbon, fossil fuels will be here a long time we think natural grass will be here longer and growing while oil plateaus and ultimately shrinks. we think attractive up front yield safe and secure, with nice long-term growth trajectory. liz: michael, 15 seconds left. are you seeing a santa claus rally? we're not far from records with all major indices? >> this is a year that pretty much surprised everybody. i think we think with the strength in the economy we

expect after the vaccine really gets distributed into the country and the world we think there is a lot of enthusiasm. [closing bell rings] liz: gotcha. michael clerfelled from clearbridge. airbnb, below the first trade but gain of 112% on the first trade. connell: happening right now, fda panel discussing the emergency use for the pfizer vaccine. they will vote shortly. we will bring all the headlines coming out of this, and the vote for the timeline of the vaccine, when it might be distributed across the country. we're watching that. at the close, stocks if anything near their highs. investors throughout the session juggling the vaccine optimism with an unexpected surge we saw earlier today with jobless claims. that raised concerns about the pace of the recovery which we'll