enjoy whatever you do or don't do tonight. happy new year, everyone. charles payne will be back on monday. cheryl casone in once again for liz claman. i hope i get to see you in 2021. how about that. cheryl: i definitely hope i get to see you at the early hours of the morning in 2021. lauren simonetti, happy new year. lauren: happy new year. cheryl: here we go. it is the last hour of the last trading day of 2020, so happy new year because it is already 2021 in dubai. you are looking at live pictures right now. this is the world's biggest tower ringing in the new year with a fireworks display like no other. this is one of my favorites from around the world. in nine hours, we are going to see the ball drop right here in new york city and america will begin to close the books on 2020. wall street celebrating 2020 in its own fashion, wrapping up the

last trading day of the year with a late session move to the upside. we could be headed for more fireworks. the dow needs any gain for its 14th record close of the year. the s&p 500 needs three points for a new record. right now, we are on track for just those two things. the dow is up 88 points, s&p is up almost 11 points. nasdaq, as you can see, is in the red. again, we are closing out the year higher, substantially higher. we will get all the big numbers to you coming up throughout the show and really celebrate what has been an unbelievable year and a good year for markets. baby yoda, the streaming star of 2020 as the pandemic sent people stuck at home bingeing like crazy, but can disney keep the magic running into the new year? superstar analyst michael pachter will be here with his outlook for streaming, for gaming and for social media. if the pandemic wasn't enough, country's national security was breached twice in

the final months of 2020. the national bombing and solarwinds hack exposing serious gaps in security. the former top cybersecurity expert for the fbi is going to be here during the hour with the threat analysis. all right. let's take a look at the dow, the nasdaq making a turnaround, final hour of the last trading day of 2020, major averages hovering near record highs. as you can see here are the markets for the year. the dow closing out and things could change, of course, a little in the last hour but looks like we will close out nearly higher by 7% for the dow for the year, the s&p gaining almost 16% as you can see here for the year and the nasdaq composite up more than 43% for the year. all of these indices, by the way, are all higher for a second year in a row. nasdaq in particular, this has been the story really, that's been technology and the stay-at-home movement, on track for the best year since 2009, believe it or not, folks. yes, 11 years. pretty incredible what the

nasdaq has done. total market gain, 6.7 trillion in 2020. but with covid cases rising, there are uncertainties in the market and the economy that still is on the minds of many investors so how do we prepare for 2021? to our traders. tim anderson and phil flynn. guys, great to have you both here on the final hour. >> happy new year. cheryl: all right. tim -- >> happy new year to you and everybody else at the fox business network. cheryl: thank you, tim. i like the bow tie. talk about, you know, what we're going to see in 2021 as we close out the books on this year. what are your expectations in general for next year? >> well, clearly we have had a very strong rally in some sectors that had not been leaders most of the year, and even the last couple of years, that being energy and financials over the last ten weeks. i think we have to see if those

sectors can continue to add to the leadership profile of the market, and maybe take away a little bit of the burden from the tech sector which has done most of the heavy lifting for the last couple of years. cheryl: you know, phil, as we look at 2021 and we have talked about this a few times, besides technology, energy has been the big story. that could be one of the sectors that really makes a turnaround in 2020 because the group was so decimated in 2020. >> it is. you know, it's going to pick up the pieces of the new year and move forward, and you're absolutely right. we never saw anything like we saw last year in energy, as you know. when we talk about oil prices going negative almost $50 a barrel, you know, to turn around almost $100 a barrel from that point, it is an incredible comeback story. i'm afraid in the new year, i think the story is going to be is it because of the decimation in the industry and the pullback

in u.s. oil production which is probably now down over three million barrels a day from its peak, when the demand comes back, prices are going to go higher but the u.s. producers may not benefit. because we're really worried about a tougher regulatory environment in the new year, we're worried about underinvestment and i think all of these things could cause a big spike in energy prices, but i'm afraid u.s. energy companies are still going to struggle a bit. cheryl: the economy overall has had kind of a gut punch this year, tim. at the same time, we got unemployment claims this morning, initial claims, finally below 800,000 but still four times higher than they were pre-pandemic. with stimulus coming, with the checks coming, with more ppp coming for small businesses, do you expect the jobs picture to improve in the first quarter? >> well, it can improve gradually but i think that the toughest thing for professional investors next year is going to be that the economy fully

recovering is going to be a much heavier lift than the market which has not only recovered and eclipsed the pre-covid highs from q1 2020, but for the economy to get to that point, that's going to take a lot of work. some sectors that are even higher than they were, they aren't even necessarily stay-at-home stocks. some of the industrials, some of the heavy equipment stocks are higher than they were pre-covid. i think that's -- i think that dynamic of the economy catching up to the market is going to be the biggest challenge for big money institutional investors and how they sector allocate. cheryl: pick up on that, phil, because that is the truth that we're not looking for gdp to just all of a sudden jump off the roof in 2021.

it's that slow slog we keep talking about. what kind of drag do you think is going to be the worst issue for the economy in 2021, phil? >> we're not going to see 30% gdp every month? oh, okay. no, i think you're absolutely right. i think the sectors, you know, there's been a lot of recovery. first of all, we have to give credit to the economy because let's face it, where we are now is better than almost anybody would have said we would have been back in march and april when we shut down the economy. when we look at the job losses. so that type of stuff gives me confidence that in the new year, the economy is going to try to catch up with the market. i think the market is a very good leading indicator. now, the biggest concern i have, of course, in the new year is the possibility of more regulations, higher taxes, which i think could derail what the market is suggesting that we kind of leave things alone is

going to be one of the strongest economy, real economy recoveries that we probably have seen in our lifetime. so the main thing is don't mess it up in the new year. kind of keep your hands off it, let the economy recover, because if we do, that's going to be our best chance to pay back some of the debt and red ink we are going to have to deal with and the best way to do that is let the economy do its thing and come back like it has been. cheryl: well, gentlemen, thank you for both being here on this final hour, final trading day. we really appreciate your time. happy new year, guys, to both of you. >> happy new year to you. cheryl: all right. well, we still continue to follow what is going on with the coronavirus. the united states reporting a record coronavirus death toll yesterday for the second straight day. cdc now forecasting 423,000 deaths by january 23rd. the pandemic is showing no sign of slowing as the vaccine rollout seems to be doing the same. federal officials set a goal of having 20 million people

vaccinated by the end of the year. so far, that number, 2.8 million. as of today, more than 14 million doses have gone out but there are a number of factors that are complicating delivery. a lot of frustrated americans. let's bring in edward lawrence to give us exactly what's happening with distribution. edward? reporter: yeah. it's a little over three million now, the latest numbers have just come out. they have actually been vaccinated but the u.s. government is, let's do some fact checking here, is getting out those vaccines. we have heard a lot of complaints that operation warp speed failed to meet its goal of 20 million doses by today. well, the 20 millionth dose is in a warehouse waiting to be delivered, but holiday delays means it will not ship until next week. we are 17 days after the first vaccination and more than 14 million doses have already gone out. >> there's two holidays, there's been three major snowstorms, there is everybody working

through, you know, how to do the notification, how to make sure we're administering it the right way. every day, everybody gets better and i believe that uptake will increase significantly as we go forward. reporter: a spokesman for operation warp speed tells me quote, operation warp speed has delivered on the promise to have the first dose of 20 million vaccines available. the general in charge of operation warp speed says that they have started to ship the second doses of the vaccine as well, all because the aggressive investment from the trump administration. president-elect biden says that he will have 100 million doses in the first 100 days. however, the trump administration contracts with pfizer and moderna guarantee 100 million doses by march of 2021, so here's how the breakdown happens. some of the aggressive action that they've taken. march 30th, it secured the operation warp speed 100 million doses of the first one-shot

vaccine from johnson & johnson for $456 million. april 16th, the administration gets 100 million doses of the moderna vaccine for $483 million. may 21st, the deal with astrazeneca is for 300 million doses by january of 2021 for $1.6 billion. july 7th, novavax signs a deal for $1.6 billion for 100 million doses followed in july by pfizer, 100 million doses for $1.95 billion. that meant infrastructure support also started by giving moderna $472 million to help with the late stage development. now, in august, helping johnson & johnson with $1 billion for manufacturing and distribution as well as $1.5 billion in the same month for the same kind of help for moderna. you see where this is going. this money allocated to companies to take on the risk of developing a vaccine. that risk has paid off because

they didn't know if the vaccine was going to work or not and now, two of them have been approved for emergency use with two more waiting in the wings in the first quarter of 2021. back to you. cheryl: edward lawrence live out of washington for us, thank you very much. reporter: thank you. cheryl: all right. well, zoom taking third place in the nasdaq 2020 winner's circle despite a scandal over uninvited breaches of video conferences now known as zoom bombing. but zoom having the last laugh. take a look at the stock for the year. wow. 396% gain for zoom video communications on the year. to an entirely different and more dangerous level of cyberattack. the tech titan who now says it was also infiltrated in a far-reaching hack of our government agencies. widely being blamed on russia. as we go to break, want to take a look at the big board. we are set now for another record close. it will be the 14 lieutenant of the year for the dow jones industrials. the dow having quite a year, up 6.5% for the year.

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we are just now learning hackers were able to break into microsoft and access its sourcecode, according to a blog post from the software company. basically they are also saying that no evidence that they have at this point that customer data was accessed and the investigation is ongoing, according to microsoft. the stock is down fractionally right now, about 20 cents. the u.s. government had been dealing with fallout from the solarwinds cyberattack for quite a few weeks now. federal agencies are being told they must update to the latest version of the solarwinds platform or take the system off by the end of the year. that's midnight tonight, though. solarwinds basically flat in trading. here to help us weave through all of this is former fbi chief information officer, gordon bipko. thank you for being here. >> thanks for having me on. cheryl: i want to first get your reaction to the news that's just crossing on microsoft and the fact that they were actually breached as well. >> yeah. i think what that highlights is

the persistence and skill of these adversaries, right. they have the patience and the technical know-how to target even the biggest private sector and public sector entities successfully and really, what that tells me, what that should tell us all, is we all need to be in this together. it's got to be a joint public and private effort to really combat the intruders here. they are going to be persistent. they are going to keep at this. they are not going to go away easily. we all have to really work on this together. cheryl: kind of like the vaccine rollout which was a public/private partnership. do you get the sense from former sources or colleagues at the fbi or in government that the biden administration is going to pick up the baton here? >> i'm hopeful, cheryl, that they will. one of the things that i would make as a general observation, though, is cybersecurity has not been the priority that it needs to be for quite a long time. we talk about it a lot when incidents happen like this, and others in the past, and it stays in the news for a few weeks or a

month and then as memory fades, it dwindles into the background a little bit. it's important that we have much more patience and persistence. it's the only way we are going to compete with some of these adversaries is by doing that. i hope that the biden administration does that effectively. one of the things that they need to do is get the nda passed. it's got the creation of the national cyberdirectory in it and that's an important role. it's been clear in the way the government's responded to this that there hasn't been as much consistency and coherance across all of government as there should be. cheryl: you are talking about the defense bill which is going to be voted on tomorrow in the senate. and final approval with that override of the president's veto, to be clear, expectations is we should see that pass but there is millions of dollars in there, tens of millions, to go towards cybersecurity, but what about the systems within the pentagon? within the labor department, the irs, aren't these systems still, you know, compared to private companies rather still kind of old and need to be updated?

>> absolutely, that's a really important point. one of the points of emphasis that we continue to make in thinking about this is that modernization is necessary for a lot of reasons, to get services to users, to war fighters in the case of the department of defense or to folks who are receiving unemployment insurance or whatever the case may be. but at the same time, the security really is in need of update and there's no time like the present. we can't really afford to wait and continue to kick the can down the road. we really have to start making those investments. cheryl: what does that tell you about russia? and also about china, but more russia since we are talking about solarwinds and the sophistication that these hackers seem to have? why do they always seem to be ahead of the curve and ahead of us? >> well, that's an interesting question. i'm not sure that i would say they're ahead of us as much as that cybersecurity is really hard. i don't think it's reasonable to assume we don't have similar capabilities going in the opposite direction. but it highlights the complexity

of our networks, of our systems, and there's always opportunities to find weaknesses if we are not continuously vigilant, continuously investing and leadership in government agencies and in the private sector needs to start taking that much more seriously than they have. it can't just be a matter of compliance like it's been for too long, for too many organizations. it's got to become much more tied to the bottom line for the organization. the russians are really good at that persistence. they will get a foothold somewhere and they won't go away. they will go quiet for a while, they will take on all sorts of deceptive techniques to make you think they have gone away, then they will come back and they will continue to do that. they see this as really asymmetric success for them. they don't need the resources we have in the department of defense. they need a few really skilled, really capable hackers to do this work for them and look at the value that they've gotten out of it. i think we need to assume they are going to continue to do this. they are going to continue to do this indefinitely and as we patch these vulnerabilities from

solarwinds, they are going to move on and find others. cheryl: yeah. one thing we did learn, we had an entire investigation by robert mueller over this whole issue, and here they came in and still were able to infiltrate our government. what have we learned from solarwinds? what's the biggest take-away, in your opinion? >> i think the biggest take-away goes back to the idea i was saying about public and private cooperation and really, you know, there's a lot of information across the government and the private sector about these intruders, about these actors. we need to be doing a much more progressive job of sharing all that information between industry and government all the time. it can't be just in response to when an incident like this happens. unfortunately, what we learned is that we are reacting. we are too often reacting. this kind of goes back to your point about, you know, the russians have been doing this for too long and that's true. we are always reacting on the defensive side instead of more positively asserting defensive techniques, investing in technologies that can help protect our networks, doing

things to hunt on a proactive and regular basis so we're not surprised when these things do happen like unfortunately we have been here. cheryl: it was a big shock to the system for sure. gordon, thank you very much for being here. happy new year. >> thanks. same to you. cheryl: well, republican incumbents kelly loeffler, david perdue of georgia fighting to retain their seats in the senate in a runoff race that could make the difference between higher or lower taxes for americans in the new year. coming up next, we will look at the future of president trump's tax cuts in the biden administration. and we want to keep track of these markets for you and take a look at where we're at. the dow is gaining steam as we head into that final closing bell. the dow is up 147. again, this would be the 14th record close of the year. s&p on track for another record as well. we are rolling with these markets. we have now got 37 minutes to go and then we're done for 2020 and trading. we'll be right back.

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cheryl: there we go. a fox business alert for you right now. lemonade is popping the cork off your pop stocks. the digital insurance provider finishing the year with more than one million active customers. a bit of profit taking today, earlier in the session but look at this right now. this is the stock for the year and it has jumped by 76% since its debut, as you can see, almost 77%. amazon officially buying podcast producer wondering. terms of the acquisition have not been disclosed but "wall street journal" is reporting that the talks with amazon valued the true crime podcaster at about $300 million. a pandemic-fueled uptick in streaming, cloud services and online shopping boosting amazon's stock. look at the performance on amazon for obviously pandemic reasons among other things. the stock more than 75% higher

on the year. from online retail to brick and mortar, early indications of a better than expected holiday season from nordstrom leading wedbush to double its price target on the department store chain to $35 a share. it's at $31 and change, as you can see right now, and actually, you can see 23%, but it's up for the holiday quarter, if you break out the fourth quarter, 164%. nordstrom a comeback story towards the end of the year. look at elf really quick getting a helping hand. there is news it will be joining the s&p small cap 600. that sent shares to a fresh 52-week high this morning. the year to date gains, as you can see now, standing at more than 55.5% for elf beauty. well, as america says good-bye to 2020, will it be saying good-bye to the trump tax cuts as well? president-elect joe biden would like to, but it may not be so

easy for the incoming administration. hillary vaughn has been on the campaign trail all year in wilmington, delaware following the transition team now. hillary? reporter: cheryl, you're right, it's not going to be easy, even though president-elect biden campaigned on the idea he could immediately reverse president trump's tax cuts, at least some of them, once he takes office, that's not going to happen because he needs congress to get on board and he also needs to get democratic control of the senate, so the stakes are high for president-elect biden in georgia senate runoff election next week, where both democratic candidates have campaigned on raising taxes for some to pay for biden's agenda. >> when the congress passed the $2 trillion tax give-away to the richest of the rich, i began to say to the elected officials that a budget is not just a fiscal document, it's a moral document. >> have you noticed that there's always money for tax give-aways

for wealthy donors but when you start talking about making college affordable to young black people in this country, suddenly the country has no resources. reporter: one thing president-elect biden can do without congress is wait out the clock and just let some of president trump's tax cuts expire. >> there are a variety of business and individual tax provisions in that law that will start expiring over the coming years and so that will force a biden administration and congress to make decisions about whether or not to let those tax provisions go and see a tax increase over the next two years. reporter: if congress doesn't act at the end of next year, businesses will not be able to immediately write off the cost of research and development like they can now, and for families, at the end of 2025, the doubling of the child tax credit ends for them and also cuts to the individual tax rate that many

people enjoy will also expire if congress does nothing and if president-elect biden doesn't either. cheryl? cheryl: that's why the eyes are on georgia in particular with regard to the future of, well, the tax situation in this country. hillary vaughn, hillary, thank you. well, you do not want to miss fox business's next virtual town hall. charles payne, hosts the future of capitalism on january 13th, 2:00 p.m. eastern. message fox business on facebook or instagram or e-mail questions to investedinyou@foxbusiness.com. 2020 was epic for video games. coming up, rock star digital stock analyst michael pachter will give us the odds on game makers, your favorite streamers and social media hot spots in 2021. as we go to break, we will keep doing this as we go. we now have 28 minutes to go. as you can see, the dow on track for another record, up 132. s&p as well on track for another record, up 14 and change.

nasdaq is in the red. we'll be right back.

cheryl: 2020 saw the shift to cloud computing. the surge in e-commerce and the rise of video gaming fueled by new graphic processors, the release of next gen gaming consoles and the ability to play with others while remaining socially distant in a totally remote environment. npd group data shows spending on video games took 22% from 2019 totalling about $44.5 billion through november of this year. we are joined by wedbush securities managing director michael pachter. great to have you here. >> thank you, cheryl. cheryl: you are a video game tech expert, adviser to the gamer etf. that gamer etf is fascinating, it's up 77% year to date. i'm curious what your thoughts are on the investment play in this but i want to get your thoughts on kind of what to expect from gaming, because the

gaming stocks did so well in 2020, but the economy is going to start to reopen, vaccine's going to start to get distributed in 2021. is there going to be a bit of a pull-back, do you think? >> i mean, certainly the surge we saw from shelter in place will subside as people are stuck at home, they obviously have more free time, they're not commuting and they're not showering as often, they are certainly not grooming themselves or eating out, so they have more time, they are spending it playing games and consuming other forms of entertainment. that will subside once we go back to work. i question whether we are ever going to go back to work the way we did before. my firm, among many others, is contemplating letting people continue to work from home even after they are healthy just because we have been so productive and the firm ultimately can save money on real estate. so i think that some of the games are permanent. the shelter in place got a lot of new people to try games, just like they got a lot of new

people to try streaming video entertainment, so probably movie theaters are going to have a tougher time coming back, and i think some of those new customers are permanent. i think they will continue to play games. so i think that this is probably something that will be very very strong next year. gamer in particular, the etf, it's diverse, it is geographically spread, you know, it's big in china, big in asia, big in europe and big in the u.s. the publicly listed companies, i cover primarily u.s., some europe and a lot lower percentage in china so gamer benefits because it really is truly global and is diversified across all industries, hardware, you know, graphics, processors, computers, headsets, everything else. cheryl: i wanted to ask you about cyberpunks because this has been really a bit of a flop for the year, a very expensive flop. the game has been pulled. because of so many problems with it. do you have any idea of what's going to happen?

is it going to come back? >> you know, there's an old joke don't start vast projects with half-vast ideas and say it fast so it's actually a funny joke. the cyberpunk guys, they are just overly ambitious. they set out to make the best game ever and it looks like it was probably a six-year development cycle and they tried to do it in five. so the problem with that game is they just rushed it at the end and they put out a buggy game. they will fix it. i think that that's a really perfect example of how public companies tend to do stupid things to appease shareholders. the cyberpunk guys announced the game would come out in may, they pushed it to september, then they pushed it to december, and they just weren't willing to push it any further and it wasn't ready. it will get right. it will be okay probably by march or april. cheryl: good. okay. i know there was a lot of anticipation about the rollout. i do want to ask you about streaming, because this has been

the year of netflix, you've got the queen's gambit, one of the big hits for netflix and there was a lot of concern about competition from disney plus and from hulu. really, it seems that all of these platforms can actually co-exist and still be successful. but disney plus i think is the one that a lot of folks are watching because they want to see if they can really continue to increase without the production of disney movies, because you know, hollywood production is backlogged right now. what do you say? >> at $6.99, i'm shocked they don't have two billion subscribers. i just got my renewal and i didn't know that i signed up for this, but $69.99 for the year. i get two months free again my second year. it's too cheap. everybody is going to do it. there's plenty of library content. the originals are okay, you know, and they have enough catalog that they have older disney stuff that i think are absolutely fine. they are essentially going to be, you know, the disney

component of starz movies a year later so you are going to get all of disney pixar, marvel "star wars" stuff after a year on disney plus after they are in the theater. i think it's going to do very very well. you're right, it's not a zero sum game for the streamers. it's a zero sum game for the consumer. everybody who cuts the cord, who cuts cable, and cuts out an $85 to $100 bill suddenly finds themselves with $85 to $100 instead. they will clearly sign up for a handful of these streaming services and maybe get rabbit ears, maybe get an over the top tv service like sling or hulu plus or fubo. there are plenty of them. they are probably not going to end up spending less. they are getting a lot more content for a little more money when you look at it that way. cheryl: and the cable providers know it. that's for sure. before i let you go real quick, only got like a minute, i wanted to ask you about social media. what do you think happens with regulation in washington for social media companies?

>> i think that we have both parties just a collection of sissies who are afraid of their shadows and they love to make noise about how social media's bad so they look tough to their constituents. they can't agree on stimulus checks. they are never going to agree on social media regulation. they are going to make a lot of noise, nothing's going to happen. i do think that with the democrat in the white house, maybe business gets scrutinized a little heavier on acquisitions so i think the ftc will be tougher approving acquisitions but that's it. i don't think you are going to get a repeal of section 230. if you do, then you are going to get a lot more censorship of content because the media companies, social media companies don't want to be sued. everything that's going to happen is going to be worse for the people that are proponents of regulating social media. more regulation is bad and our congress doesn't actually seem like they have the spine to regulate any of this stuff. cheryl: i like that. that's good news for the stocks at least.

michael, thank you very much. >> my pleasure. cheryl: well, social distancing definitely put a damper on new year's celebrations, even in good old times square this year. coming up, jeff flock will go inside the industry taking one of the hardest hits due to lockdown restrictions, and you are looking of course at live pictures from times square right here in new york. take a look at the dow, on track for another record. it would be the 14th record close of the year. we are going to continue to follow these markets as we now have about 16 minutes left for the year for trading. we'll be right back. robinhood believes now is the time to do money. without the commission fees. so, you can start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood.

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hong kong and new zealand, always at the head of the line for ringing in the new year. 2021, welcome to you. good-bye, 2020. don't let the door hit you on the way out. what is usually the site of the biggest new year's eve party of them all is times square. you're looking at live pictures right now. it is going to be a lot quieter than usual there. instead of thousands, there's going to be well, you know, dozens that are going to be packing it in to watch the ball drop here in new york city. it's going to be social distanced, there's going to be limits on attendance. really only a handful of people are going to be there but the neat thing about this year, it's going to be all front line workers that have been invited to attend this year's festivities and obviously, that is well deserved considering what has happened in 2020. now, new year's eve is usually one of the busiest nights for event party planners but with covid restrictions limiting public gatherings, it has left a big hole in the industry's bottom line. jeff flock is in burr ridge, illinois to see what changes one party rental company is doing to

stay afloat. jeff? reporter: well, they are trying to service restaurants and i'm standing inside, maybe you can't even tell it's a tent. this is a rental tent and they have set this up for the capri restaurant here in the chicago suburbs. richard martin's company, one of the foremost party planning companies. if it wasn't for the restaurants needing tents, you would be dead in the water. >> we would absolutely be dead in the water, jeff. the tent industry has really suffered drastically from this pandemic. reporter: on new year's eve you would have private parties at people's houses and all that sort of thing to plan and service, right? >> unfortunately, this year is not so busy. if it wasn't for restaurants we would be doing nothing. reporter: taking a look at this tent, you know, it's got all the comforts of home here. >> it really does. they have done a nice job here at capri. gigi is a great owner. reporter: i want to get to him. thanks, richard. mike, follow me, will you?

gigi is the owner of this restaurant. i tell you, talk about -- we met so many restaurateurs who have done their very best to stay alive, bringing the tent in and i'm going to interrupt him. great to see you. >> we are just getting ready to set up for tonight. reporter: i know. you can't, they don't allow you to have people inside. >> cannot serve. we have the tent and we have our outdoor sunroom all year round. reporter: you have set up these dividers, right, so that people feel more secure. once you do get back in here. >> yes. these dividers are between each table, they come out eight feet and it separates the tables in between each other. i'm ready to go for next year. i can't wait until this year's over with so we can open up, hopefully the governor lets us open up and we can start moving forward because it's been a crazy, crazy year. reporter: everybody loves this restaurant out here. >> i have been blessed. reporter: after tasting some of the food, i can tell you, noi why. >> my mother is old school cook

and i have been blessed. i want to thank the gentlemen from the tent company that we have been working together really, really well. reporter: you have been helping him because you give him business. he's been helping you to stay in business. >> yes. we were working together really really well. reporter: thank you so much. i'm going to break the social distance and shake your hand. happy new year. >> happy new year, everybody. reporter: capri restaurant. a different new year's than perhaps we have come to know, but you know what, we are going to make it through it somehow. cheryl? cheryl: yeah. making it work. jeff flock, thank you very much, jeff. we appreciate it. dow up 193, folks. we'll be right back. no one likes to choose between safe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud,

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♪. cheryl: got five minutes to go. the dow, s&p, both hitting new fresh intraday all-time highs just moments ago. here we go. the dow, s&p 500 about to close the year out with new records. final trading day, the final five minutes of 2020.

for the year, the dow, s&p 500, nasdaq all up for the second state year and fourth out of the last five years. take a look at the market the for the year. dow up 7% and changes. nasdaq gaining 43% for the year. here are some of the biggest winners and losers of the year. tesla the biggest winner on the s&p 500 and nasdaq. musk's ev giant hitting all time today, joining s&p 500 this month. tesla up 43% this year. the etsy and nvidia joining the top list. take a look at tesla, 740% gain i gave you that one. etsy 300%. nvidia, 300% on the videogame spiral. pandemic crushing.

carnival down 57% and change. norwegian down 56% and taking a at occidental petroleum, it got hit the hardest, down 58%. apple on the biggest winner on the dow. year to date performance up 81%. iphone 12, big hit. they updated the mac lineup and the apple watch. today they filed patents for apple glasses. tech powering the pandemic rally throughout the year. microsoft as you can see gaining 41%. apple up almost 81%. nike up almost 39%. walgreens, boots alliance, boeing, chevron, biggest drags on the dow for the year. walgreens boots alliance down 30% for the year, boeing 34%. that hopefully will turn around next year. chevron down 29%. here we go, moments away from the final closing bell for the year, after a volume style 2020,

what will cause investors as a hangover next year what is part of their resolutions? jason cats, senior managing director, portfolio manager, named number of one financial advisor in new york. >> good to see you, cheryl. cheryl: we don't want a hangover for 2021 but after what we've seen is that a possibility? >> certainly. 0% rise off the bottom for the s&p and 90% for the nasdaq? 22, 23 times earnings we have to be mindful of risks ahead of us. you've talked about it ad nauseum over last hour, name hi the georgia runoffs a few days away. that is the hangover a after tonight's party. cheryl: you say georgia is a risk. you also say corporate earnings have to deliver. what do you mean by that? >> i think it will be a tale of two markets. i think the first half of next year we absorb that the gains we

probably pulled forward a little bit in the last few months of year. as the economy reopens, we get into a pent-up demand companies have to grow into valuations. if they don't walk the walk there could be less room for error. that is not our base case. we think they will. we think next year will be positive, albeit not like the rebound we enjoyed in recent months. cheryl: you say there is a hiccup in the vaccine rollout. >> certainly vaccines came to market at break neck speeds. the rollout in terms of getting need fells into arms left a little bit to be desired. i do think however with some of the privatization of this process coming to pass and states getting a little bit better coordinate the we will see a better second half of delivery of the vaccine which will help fuel the recovery, especially in a lot of cyclical and value stocks, cheryl. cheryl: we're looking at fireworks on wall street. jason katz, thank you very much

for being here. here we go. [closing bell rings] not only set a record for the year, again, but closing out at an all time high. the dow, s&p 500, finished at new all-time highs. that is it for me. liz is back monday. jackie deangelis take it away. jackie: cheryl, happy new year to you. we're closing out the year the right way with the dow and s&p 500 hitting all-time highs as we say good-bye to 2020. the second straight close for the dow, the 14th this year. second straight close for the s&p 500, it is 33rd for the year. nasdaq wrapping up the best year since 2009. take a look at tesla today. a new record close for that stock hitting an all time high crossing the 700-dollar milestone for the first time. i'm jackie deangelis in for connell mcshane. welcome to "after the bell." time for the news that is happening at this