he's going to keep that machine printing. hence, the stock market is going higher. liz claman, you've got another exciting hour coming up. liz: you know, that was really one of the most stunning q and as that is continuing right now, charles, and we are monitoring it. and what charles basically referring to, it's all about the coronavirus. the federal reserve chair, jerome powell, practically begging congress to pass a relief bill now. we are chewing up the sound bite -- queuing up the sound bite that we believe was the most significant here for you, saying that the economic recovery may be severely damaged if congress doesn't move now. now, as he does continue to take reporter questions at this final fomc news conference of this very rough year, he made direct links to the vaccine, to mask wearing and the chances for an economic strengthening or a complete running off the cliff here. so the statement was released at 2 p.m. eastern. now, it was the fed's promise to

leave rates at zero through 2023 that lit a fire under the 10-year yield. take a look at the 10-year treasure true yield. this morning it was at .91. it it spikes 2 basis points up to .93. it has moderated just a bit, but still as fear. seeped out of the markets, that yield was higher. the prospect that money will remain cheap to borrow is definitely certainly a boom, but it was during this news conference where the dow, the s&p and the nasdaq along with the russell is taking aim at a report close, all of these indexes came off their lows. the dow turned positive a second ago. it needs a gain of 18 points, the s&p needs to see 7 points to the upside -- it's already up 10 -- to see new records. look at financials. they were all negative before his speech, and right now most are positive. let's call citi flat on the session. gold, interesting behavior here.

gold yesterday moving higher, and we do today see the yellow metals continuing to jump another $9. commerce bank is calling it at $2.000. bitcoin, a huge story developing in this final hour. we're going to be checking bitcoin prices multiple times through this hour of trade. it's finally blasted flu its previous record hit back in december of 207. we have a gain of 1,323 per coin or more than 6%. make no mistake though the, for investors the day hinges on that coronavirus stimulus package that we're waiting to emerge from the capitol. while small businesses desperately wait on what's going on behind closed doors right now, godaddy is taking taking at to try to help small businesses.

the stock jumping as the company mix a direct challenge -- makes a direct challenge to shopify and square. the godaddy ceo is here in a fox business exclusive on his $365 million acquisition of this payment solution company. in the meantime, check the dow right now. fox business alert, were down just 3 points. we had been down 119. the powell presser is showing its power. he is not giving up his push for stimulus to support the economy during the coronavirus pandemic. he underscored the importance right here. >> first quarter will certainly show significant effects from this. at the same time, people are gotting vaccinated now -- getting vaccinated now. and by the end of the first quarter into the second quarter, you're going to be seeing significant numbers of people vaccinated. so then what will be -- how will that plan economic activity? again, we don't have any experience with this.

liz: no experience with it and so much has emerged this year as the pandemic gets even worse here in the united states. we bring in bankrate senior economic analyst mark hamrick who joins us along with the chief public policy economy u.s. at the conference board. -- economist at the conference board. chief economist under president clinton, helped create a surplus which we haven't seen for a long time. so welcome to you both. let us first begin, i want to start with you, josef. what really jumped out at you from this news conference? because to us, the fact that he very dramatically said that there is a direct link between wearing masks and a recovering economy that really kind of affected the markets, and we are well off the lows here. >> jay powell has been in this place for a while. i think the conversation about masks was a little bit stronger than it has been in the past. but he has made --

liz: yep. >> -- a link, drawn a link for some time between the progress of the pandemic and the progress of the economy. there's, you know, there's a real tie there because we have small businesses closing, as you noted a second ago. you have people being displaced. we've got relief for the long-term unemployed which is just about to expire. i think the day after christmas. there is a need to provide support to get us through to the point where, you know, lord willing, this vaccine is going to gets us out of trouble. he's been sticking to his guns on being support iive of the economy, but he is drawing a straight line between state of the pandemic and the progress on recovering economy. liz: can we talk a shot, we had a live shot of capitol hill where it is snowing right now, mark. and we know that when there's a single droplet of rain, much of

washington, d.c. completely shuts down. you can see that the snow is beginning to kind of bear down on the mid-atlantic region, but they better not move from those hallways at the capitol because this has become a huge issue. it does not take any pressure off the fed, but it certainly puts most of it, does it not, onto congress? right? to pass something here. >> absolutely right, liz. and, you know, speaking from my home in maryland where i haven't budged, you know, since march, that's not a snow-related impact. but, you know, i think that we're now hearing a growing chorus of individuals with mitch mcconnell who is sort of the point of last resistance that as the fed chairman said, the case for fiscal support is very, very strong strong. it doesn't get much more blunt than that. and i would say that no matter what he says or what others have to say, i think we've been saying since february, martha

the performance of the economy is tied to the outbreak of covid-19. and, you know, as chairman powell -- you almost had a sense there he was almost going to say there's a risk of contraction in the first quarter. he didn't quite get to that, i think he kind of pulled himself back. but that is the risk that everybody's worried about, i think. and whether we see that or not is, i think, to some degree not as important as where we hope and expect we'll be maybe second quarter, actually the third quarter and the fourth quarter of the next year. it's just that, you know, we are in that tunnel right now, and we need to get through it. liz: yeah. yeah, we need to get through it. and, in fact, you know, joseph, you were saying that he was a little bit stronger than he has been in the past. we just had our team queue up this sound bite where he talked about what a tragedy we are on the cusp of if congress does not pass it. let's listen to what jay powell just said a few minutes ago. >> now that we can kind of see the light at the end of the tunnel, it would be bad to see,

you know, people losing their business, their life's work in many cases or even generations worth of work because they couldn't last another few months. liz: that is, that would be absolutely a tragedy. but you know what? they're failing today outside our streets right now. gyms, restaurants that are, you know, one of these 0-5 people employees which is exactly, you know, the real tragedy because this is the backbone, joseph, of our nation. but let's talk about the enter rates. they've left them at zero to a quarter of a percent. do you see any bubbles forming from that? >> not within near future. we have an enormously competitive economy looking domestically and also beyond our shores. there's plenty of capacity all around the world. you ask sellers if they are contemplating raising prices, and they'll until you you're nuts. tell you you're nuts. they have absolutely no pricing

power. so the way the world works, we will have to write the monetary -- right the monetary situation at some point in the future. but that is a long way down the road, and inflation is by no means a proximate threat to this economy. liz: yeah. no means at all, i would agree with you on that. mark, quickly, we're looking at a 30-year fixed mortgage rate. they have remained incd write low as they -- incredibly low. we can show what they stand at right now, pretty much at record lows. do you see new bubbles? >> well, certainly, you know, some assets may correct to some degree over the near term, but that's, you know, it's a great question with, liz, but it's like saying what is the black swan, and we don't know that there are any black swans out there as we didn't see this pandemic coming. but in terms of something keeping me me up at night, i've got oh things -- other things

these days. asset prices or bubbles are not one of those. i think, if anything, it's an underawe quiring economy for the foreseeable future that worries me most as well as the millions of americans who are unemployed, some of whom can't put food on the table. liz: yeah. many who are watching right now, and we hear you, we see you. congress is, apparently, a little blind to all of this, but let's hope that they see the light in the next couple of hours. joseph and mark, great commentary. thank you very much. stimulus, by the way, is not the only thing disrupting the markets expect economy at this hour. i did show you -- and the economy right now. i did show you d.c. a massive winter storm wearing down on new england, mother nature preparing to lay down a foot of snow across a 1,000-mile swath along the i-95 corridor. millions of people are about to have a rough commute home, but there's so much more that is going to be affected. let's just take here in new york city. outdoor dining shut down an hour

ago by city officials as these little restaurants and big ones too prepare for what could be a massive cleanup. live in the big apple, let's go to kristina partsinevelos. where are you and what are you seeing? >> reporter: right now i'm on west 46th. this is known as restaurant row. normally it's packed with people who come from a broadway show or they're left times square, but like you mentioned, liz, look at it. it is empty. these are all of the outdoor dining establishments on the street. many of the restaurants, i was knocking on a few doors, they're actually closed. they didn't even bother to open because one, as of monday, they had indoor dining banned and then, two, today as of 2 p.m. eastern time, just an hour ago, you had all of them have to suspend outdoor dining because of this massive storm hitting the northeast. and of course this is a costly blow. take, for example, this restaurant that we stopped in front of. i think spent a lot of money building these structures. you've got heaters, most of the restaurants have i moved all

of -- removed all of their tables, but this is extremely costly, and the fact that right now the only thing they can rely on is delivery are. i caught up with one restaurant owner, and he talked about how it's been so tough financially for him to survive, and he hasn't been making new money personally. >> i haven't drawn a salary since march. and, you know, we've done ppp, and we've done some stuff for our employees. each day we get up and try to figure out how we're going to be in business. >> reporter: the national restaurant association, liz, sent a letter to congress, and in that letter there was a survey that showed 17% of american restaurants across the country have either closed perform innocently or for the long -- permanently or for the long term. many restaurant owners here in times square yesterday lobbying the governor for more direct aid. at this moment there are 110,000 restaurants that have closed their doors.

restaurant industry groups, owners, they've been calling on congress with a restaurant act that would be direct aid to the restaurant and service and bar industry. of but so far the calls for help haven't been answered by washington. and you can see restaurant row which is normally very, very busy is completely dead. back to you. liz: right. for those of you that don't know, restaurant row has about 46 restaurants in a one block space. kristina, i'm going to call an audible. can you walk over to the curb and show our viewers how these restauranteurs have been trying to eke out a few tables on the sidewalk, right? yeah, or i mean -- >> reporter: right, well, you can just -- this is ninth av right now that you're seeing, but if we turn back to face me, the length of this is just all on one side. but it lees very little -- leaves very little room for snowplows should there be this massive snowstorm. liz: oh, my goodness.

christina parts investless louvre from restaurant row in new york city, thank you so much for giving us that up close look at how serious the situation is. and then you add to the snow to it, i mean, what more, 20? the santa claus rally coming early, bitcoin blasting past the $20,000 mark. right now it's $814 above that level. what does this power move mean for the broader markets? are people selling one asset to go into buttdown? our -- bitcoin? our floor show traders tell us it's the dog whistles they're hearing not just in bitcoin, but other areas of the market that they are hearing loud and clear. well, the money moves you should be making right now. they're going to articulate that when the closing bell comes right back. we have about 45 minutes before it rings. dow is down 28. ♪ ♪ every year, we set out to do one thing:

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another record -- pace for another record close. s&p, by the way, hovering around record levels. we need to tell you though that there are three signals that bulls and bears are locking horn to claw. first, a new bank of america fund manager survey, investors are the most bullish on both stocks and commodities since february of 2011, but the drop in exposure to cash has trig triggerrerred a sell signal forking equities. i guess the low slower money moving in, right? it's getting a little frothy. bitcoin, we've been watching this all day and will continue to watch it, it is spiking once again, 1,311 per coin. this in the wake of investors that are sort of the institutional guys, paul tudor, they have invested in crypto. and, of course, number three, the ipo-palooza, starting off

with a bang as well, doordash, airbnb, snowflake, good rx all more than doubled very first day. they've continued to perform pretty well. to our traders, teddy weisberg and phil flynn, and we pucked you guys because you -- picked you guys because you as experienced traders can hear at very high pushes bullish or bear you should data signals. what are you -- bearish data signals. what are you with overwith whenningly hearing right now? teddy, i'll start with you. >> everybody needs to understand there's absolutely nothing rational about stock markets or the price of individual stocks. they're either overbought or they're oversold. and clearly, we're in a period where things are frothy. i mean, it's -- you pick your poison. it's the ipo market, it's bitdown, things are -- bitcoin, things are certainly going to excesses. this does not mean that it's all going to end tomorrow.

and on the negative pundits like a broken clock are eventually going to be right because a broken clock is right twice a day. but the momentum clearly on the positive side, and there are reasons for that. is it overdone? you bet. and will there be a correction? you bet. but meanwhile, staying long has been the thing to do. and i think to try to figure it out and to time it is probably a silly exercise. just you have to be careful. the risk levels are up. all the signals are out there. but the direction is still positive, in my opinion. liz: okay, okay. of it's a little less bullish than i usually hear you sound. let me get to phil flynn. phil, what signals do you as a very experienced and seasonedded trader hear right now that other trade thers or investors are not -- traders or investors not quite yet kind of being aware of that we should know? >> you know, i think what i look at sometimes is what we've seen

already in a weird way, it's when the little guy gets into the market. that was the old adage, right in when the shoe shine guy starts asking you about the stock prices, it's time to sell. but that isn't the way it is anymore, right? you've seen this incredible influx of cash from robin hood traders and little retail traders, and they have really been driving the market, and i don't think that's going away anytime soon. the trend is your friend. sometimes you just is to go with the trend, you know? and if you're worried about looking at overbought indicators, i'm a big believer in assets, a combination of moving averages when they get way too hue, tied to buying some put protection on the downside or whatever. but i'm really computed about cryptocurrency. this is something you and i, liz, have talked about for years, and the cme starts clearing the cryptocurrency, they were the first in the world or one of the first in the world

to give real credibility. liz: they were. >> and people have to realize cryptocurrency isn't just about the currency, it's also a technology play. you know, very similar to when you look at tesla and everybody says it's a car company, no, it's a technology company. when we look at things like block chain technology, a lot of people are looking at the applications for that far beyond the current su. you know, in fact, full disclosure, i'm invested in a competing technology that's on the board and there's going to be her -- be more of these like block chain, but it doesn't take the type of energy you need to moon for bitcoins. it's done in the cloud, and it's potentially a lot faster. so i think there's going to be a lot of innovation in the staysif space, and i huh -- in the space, and the reason why it's so high, it's changing the world, and i think the bug money guys are seeing that as well and throwing money into it. liz: indeed. yeah, and terry duffy of the cme, he was the one who okayed that bitcoin futures trading

block. teddy, phil, great to see you. guys, look at the dow. all right, we're not at the highs of the suggestion, but we have clawed back here, up about 8 points, now make it 10 -- oh, that was our bnb, sorry. but the dow still hovering trying to today in the green. we are watching it closely right now but, yeah, let's show you airbnb, making a comeback of after a couple days of falling. three straight losses in the wake of its super-powered ipo,s up a full 10% right now. but if you thought that the 135% debut pop was something to talk about, wait til you see the new year's eve plan that the home sharer is making right in the heart of times square. we are going to show it to you. you got to see this. ♪ ♪ ♪

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liz: a fox business alert, we need to tell you about macro gains for twitter, jumping 2.a 5% right now. -- 2.5%. jpmorgan is calling twitter one of its top picks for 2021. the bank also upgraded the stock to overweight and hiked its price target to $65 a share, it's standing at 54.13. tilray is merging with aply ya to create the world's largest cannabis company. the equity valuable of the combined smoke 'em if you've got 'em company -- well, you know -- go under the tilray e name, as you see, it's at $9.48. atly ya is up a thursday of a percent. can but growth, aurora can bus, crow nose, they are moving lower at this moment, canopy down just

a fraction. spotify saying at this hour it is now back up and running after a massive outage that logged out users of the music streaming service and left them unable to stream everything that spotify offers. so here's the question as the stock falls 3%, did britain's prince harry and his wife meghan crash the site? if i mean, they probably didn't, but it was just yesterday that the former royals announced a multiyear agreement with pot -- spotify starting with a holiday special to be released this month. and all i want for christmas is airbnb's $21 deal for a new year's eve experience unlike any other. it's going to be in times square from the nasdaq is mariah carey playing host. and look at this, it's to the right-hand part of your screen, it's a home that comes with a

huge bed, a private chef and ms. carey virtually greeting guests. this all happens new year 's eve, on the 31st, and they'll basically open up, you know, the gates for you to jump in on this. it is the not a bidding situation. it's going to be $21 in honor of 2021. look at that bubble on top of -- [laughter] that is a beyond cool place to be on new year's eve. you should have asked the ceo, bruin chess key, for that last week when we talked on "the claman countdown." shares jumping today after three days of losing. i want that. but i'm already renting an airbnb elsewhere. darn. all right, from new year's plans to traveling for the holidays, major u.s. air carriers have already canceled more than 1800 flights ahead of the massive snowstorms set to hit the

northeast. let's get to cheryl a casone any in the fox business newsroom. >> reporter: yeah, the skies are dark over the airline sector. jp analyst jamie baker downgraded united, jetblue and spurt airlines, took them down two notches to underweight from overweight. he said this is the time to talk profits as demand doesn't appear to be returning anytime soon. that was enough to put pressure on the group today. baker said they're had a, quote, admirable run, and the recent surge has significantly diminished the implied potential uppseudofor the indiana airlines next year. he also noted they hit their 2021 projections, their produce targets. in the last three months, jetblue has soared 17.4%, spirit has gained 48%. baker did cut his price target on united from 46 to 42.

will the airlines get the billions they're asking for from the federal government? remember, the ceos of american, delta, united and southwest have been very vocal saying without more money, more layoffs are going to be on the way. so stay tuned. back to you. liz: yeah. well, the gyms are saying that, the restaurants are saying that. i mean, everybody is suffering. cheryl, you know what? and then the snow, of course, we should show times square again. look at what's happening in times square. i think it's just a little bit of a dusting, did i see that? but we should certainly let people know that -- [laughter] you want to see what's coming, times square? let's dissolve to a fixed shot out of pennsylvania where there is already or -- what's the town? what's the town many franklin, pennsylvania. okay, that's about a foot of snow, folks.

okay, you wanted a white christmas, well, it's coming. well, we've got a white hanukkah. one more day of hanukkah. cheryl, thank you very much. okay, we are talking about godaddy in go mode up 7% to session highs. the welcome back domain master building up its arsenal as it takes all at the biggest names in e-commerce. yeah, shopify included. in a fox business exclusive, godaddy's ceo is here. he's only talking to us and you to tell us husband plan for total -- his plan for total online domination. closing bell ringing in 26 minutes. look at the dow, it has just made new highs, it's up 27 points at the moment to 30,226. we are coming right back, don't go away. ♪ ♪

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liz: you guys, i am keeping my eye, as my whole team is, on any breaking news that comes out of the capitol about this stimulus plan. but as millions of small buzzes wait on washington, d.c -- businesses wait with on washington, d.c., if many are turning to godaddy while they wait. but look at godaddy's stock. it is charging higher today, hitting all-time highs, up to 87.90 as investors hear and cheer their latest purchase. that will make it even easier for small businesses and all businesses to grow. the web-hosting company has announced t buying payments processer point for $365 million. says it looks to talk on companies like shop few and square. joining us now in a fox business exclusive, awe man bhutani, the ceo of godaddy. this is very interesting to me because it almost looks to me, aman, that you guys want to be the one-stop shopping lower case

to set up a website and start moving a business alone. >> liz, it's great to be back on your show. thanks for having me. we are coming off two record quarters in terms of our customer growth, and they're telling us all the times they knead tools to get online. covid is hurting them. they need the tools, and they need them to be simple and seamless. and with this acquisition of point, our goal is to provide them online, offline integrated payments, invoicing, all of it together, super simple sub description. and i couldn't be more excited. and just, you know, the fun for me is when they use our software and it it leads to success for this many. liz: yeah. what i'm hearing though is you want to be, as i said, you don't need to go anywhere else besides godaddy. i've covered you guys for quite some time, but there is another company that's trying to do the

same thing, and that would be shopify minus the domain registration. but talk to me about how you plan to lure some of the businesses who already come to you for some services away from what they're using, the shopifys and the squares, already for? >> yeah. this is such a large space, there's so many entrepreneurs coming online. you know, so many of them have offlewin presences. for example, our fastest growing product is web site marketing, they use that to come on rhine, they use -- online, but half of them have offline stores as well. and they need in-person capability. we believe that the space is big enough, and for godaddy, our real competitive advantage is around the customer base that we work with. these are truly the small businesses. they need not only a super simple tool set which is what we're cometted to, but also -- committed to, but also the care, the human piece that goes around it. and godaddy has been doing that

for 20 years. nobody gives care the way godaddy does, and we plan to do that across the board from web sites to commerce, to payments, to invoiceing. liz: you guys have. and i know this from experience unbelievable people on the oh end of the phone when you call for any kind of help. so props to them. speaking of small businesses, as they wait for this plan, some tube of relief to come through, you know, it's really getting aggravating. we really need congress to move on this. jay powell spoke just a few minutes ago and really underscored as the federal reserve chair, we're the -- we already threw the perfect pass close to the end zone. now we just need congress as the wide receiver to catch it. but while people are waiting and their buzzes are either laying them off or they haven't owned a business, they have come to you. you guys just had a record

quarter of growth butted up against a previous record. what do you hear from new customers? >> what we continue to hear is that online is the place they need to go. and we're seeing them cock to us. even through this quarter we see consistent demand. we know that the small business owner is creative, we know that they are resilient, and it doesn't matter if the local store on main street or they're a salon, they need this tool set knockout. and they do want something from regulators too, liz. they want regulators not to just to stimulus, but to make sure it comes to these small businesses because some of them don't have the sophistication to do all the forms and such. and whatever regulators can do to make sure this money come to this many, or i think will be huge for our customers. liz: yeah. well, you and jay powell together -- [laughter] and us here at fox business. aman, thank you for coming on

exclusively to talk about point and becoming a much -- an even stickier business model than you already have. the fate of government-sponsored enterprises fannie and freddie getting lost in the transition drama. but could the mortgage giants still be taken private before the new year in every time charlie talks about these mortgage giants, the stocks move. and speaking of government controversies, the solar wind pac still unraveling, the new report says investors traded $280 million in solar wind stock the just before the suspected russian cyber attack was revealed. the stock falling another thursday of a percent. it had been higher earlier. it dropped 22% since monday's announcement said, yeah, it was hacked. former israeli ambassador to the u.n. told us here yesterday that we are currently in the middle of a global cyber war after more than 40's reilly companies were

also hit by cyber attacks. the co-founder and ceo of orca security, he's this week's guest on everyone talks to liz podcast. he says he knew it was husband calling to fix the world's fundamental cloud security problem. i wasn't doing that at 13. finish he's been involved in cybersecurity ever since. he talks about the cyber war that all of us are facing today. download my podcast, everyone talks to liz, to hear avi's story. we're coming right back, dow is positive. when you switch to xfinity mobile,

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pluck. ♪ ♪ liz: okay. just exactly about 49 and a half minutes ago, or charlie gasparino tweeted this scoop: wall street bankers have met

with u.s. treasury in recent weeks to discuss creation of a framework for eventual are e cap and release from conservatorship. fannie mae, freddie mac. all right, now look at the intradays of how fannie is moving and how it moved right after charlie's tweet. freddie is also on the move. so in the 11th hour of the trump administration, could only tube of reform finally come to the mortgage giants? charlie gasparino now with the very latest news. charlie. >> yeah, liz, thanks for having me. this is the most likely outcome, i think, that's going to happen. i can't say that steve mnuchin who kind of holds husband cards, believe it orbit, based on the way -- or not, based on the way the relationship post-conservatorship is between fannie and freddie and the treasure ily department, he's

actually more powerful than the direct overseer of fannie and freddie. and as you know, fannie and fred duh allow the fact that we have 30-year mortgages. they buy mortgages from banks, allow them to make more of these small-term 30-year mortgages which are hard to do if you don't have a government-sponsored enterprise buying and packaging them and selling them to investors. they're been in conservatorship for about, for more than ten years, a product of the financial crew access. the trump administration's trying to get them out of conserve to haveship. the problem is joe biden's going to be the next president, so what happens in the interim? i can't say this is definitely going to happen, i don't believe it until i see the paperwork, but wall street bankers have met with the treasury department in recent weeks from what i understand to discuss some sort of new gse report. the bankers -- as they were talking with treasury, there would be something known as a

framework for the eventual recapitalization and release from conservatorship of fanny and freddie -- fannie and fred duh. it would need new rules going forward to exit government control. again, it's a framework. it could be, it could be transmitted as framework through regulation, it could be through what's known as a fourth amendment to the preferred stock purchasing agreement which is the agreement between fannie and freddie and the treasury department which a lot of people new will happen. that amendment would be the fourth time it's amended. in any vent, the framework is being discussed at very high levels, at the steve mnuchin level. it's up to him and mark ca lab ily ya as to whether they release it or not. a lot of people think they will release it. now, then the end game becomes what happens when joe biden takes over, and that's a whole -- that gets stuck in a lot of bureaucratic red tape. i can't tell you that he's going to accept it. i can tell you people inside the

biden administration or the formation of the biden administration, the housing types, will get everything that the trump administration does with a very, very close eye. it has to meet joe biden's fair housing goals. but i will say this, if they don't fix fannie and freddie, if they just keep it the way they are, they're asking for trouble. and i think even biden knows that, and they need to recapitalize in so many ways. so you need to do something along the lines of what's being laid out in the report from treasury secretary mnuchin. liz: got it. the stocks are on the move on shar arely's report. the dow down 25, but we are on track for a record for the nasdaq and the russell. ♪ ♪ heat. it's okay santa, let's 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?!

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♪. liz: not the russell. any gain would have been a record. we're not there yet but with the closing bell ringing in four minutes, we do have records for

the and nasdaq maybe for the s&p. the s&p needs nine points if it molds. pfizer biontech vaccine rolls out in the u.s. and worldwide, keep in mind moderna appears to be on the verge of getting fda approval tomorrow, friday, storage in a range from chill to subarctic temperatures is a major logistical challenge. today's "countdown" closer, pacer etf president sean o'hara, $5.4 billion under management. he has a name he feels is best poised. david spika, guide stone capital management with 12 1/2 billion in assets under management. sean, give us quickly the name in the cold supply chain space so much talked about right now? >> yeah, good afternoon, liz, thank you for having me. americold is a leader in cold storage. what the covid-19 done

accelerated e commerce in all areas, more specifically in the home grocery space. we're more comfortable with that now. traditional dry goods is easier to do than cold storage and groceries. americold is one of the buys whole low gistics chain which will be a beneficiary with e-commerce going forward. liz: like new residential and lennar. david spika, the fed chair just finished speaking about half an hour ago and he really hammered home we need the stimulus but talked very much how wearing masks, making sure the vaccination process goes through means so much to the economy. what does the u.s. market and then the broader global market really hinge upon when it comes to seeing more gains in the early part of 021. >> liz, you said it is the vaccine. we have to get the vaccine out.

we got to get it to as many people as possible to improve consumer confidence, which improves employment and improves consumer spending that is the key to sustainable economic recovery. that is the only way we justify current stock prices and get stoke prices continue to go higher and drive earnings growth where it needs to be, we need the market to keep moving forward. so the vaccine is absolutely the key. with need to keep our fingers crossed like that. liz: you like financials, industrials, energy and small cap, emerging markets. looking at bigger picture, you're such an etf brain here what do you see for the broader markets in early part of 2021 compared to what david spika sees? >> i'm a little bit concerned about valuations to be honest with you. liz: okay. >> i think there is tesla effect going on across the board. i think sooner or later valuations will matter again. we have to grow back in on the earnings side where prices are and that all hinges on what the previous guest said about the

vaccine and if we don't open fast enough we'll have a challenge. liz: 10 seconds, david, you're the most bullish you've been in three years, yes? >> like 2017. new president, stimulus from the fed and hope for meyer earnings growth. [closing bell rings] we haven't felt so good since the last president came into office. liz: great to have you, david spika, sean, always good to have you. that will do it for "the claman countdown." connell: we're indeed in record territory on wall street. stocks didn't have a great close but we finished mostly higher. fed chair jerome powell talking about stimulus. at the close the dow turned on us. it was hovering near record level but closed down 44 points. s&p falls short of a record if it settles where it is up six 1/2 points but the nasdaq closes at another record high. second straight and a number of records for the nasdaq. they keep coming up by 63 points on the day.