i would buy baskets in the battery power as well as the plug-in power. you don't know who the winners are, they will share it. charles: i got to tell you, those stocks already between plug and blink, through the roof. thank you both very much. liz claman, over to you. liz: yeah, charles, we've got some breaking news here. the house of representatives is set to take two votes to try to remove president trump from office. the house within hours will vote on a resolution urging vice president mike pence to invoke the 25th amendment to oust the president after last week's deadly violence at the capitol. and tomorrow morning, it's planning to vote to impeach the president for a second time. now, for his part, the president has landed and is right now in alamo, texas, but before leaving d.c., he called the impeachment attempt quote, ridiculous and a continuation of quote, the greatest witch hunt in the history of politics. we are going to take you live to

the white house for the very latest. markets taking the prospect of impeachment in stride, but kind of higher right now. not a huge jump, but the choppy session belies a major rotation happening underneath the surface right now. we will tell you where investors are moving their money in realtime. the lights are shining brightly in vegas, despite the absence of more than 130,000 visitors at the world's biggest tech convention of the year. ces had to go virtual due to covid-19 but one company has sold more computers during the pandemic than hp, dell and even apple. that company is here. what could become the work from home gadget. it's a fox business exclusive. and one day before the puck drops on the pandemic-delayed hockey season, nhl commissioner gary bettman is here. he's going to talk expansion,

ads on helmets? and while the shortened season is worth playing as teams bleed waves of money playing before empty arenas. let's get to this fox business alert. the two developing stories as we hit the final hour, as president trump is moments apparently away from getting set to speak along the border in alamo, texas. the department of justice is about to hold a press conference unveiling criminal charges related to the deadly riots at the capitol last wednesday.cong mentioned, takes another step to remove the president from office. the businessman in chief also getting more bad news. his bank and his banking lender are distancing themselves from him. signature bank, not only closing trump's personal accounts where he apparently held $5.3 million, but the bank is also calling for his resignation and reports say deutsche bank, which has lent trump $300 million in the past, is preparing to cut future ties. both stocks are moving higher with signature jumping 3.7%. let's take it to the white house

live, where blake burman has more on the fallout from wednesday's capitol hill riots, where five people died. blake, these bank developments speak to the difficulty donald trump may really have in running his company once he leaves office. reporter: and we really have seen a widespread pullback in corporate america as a reaction to the president and his behavior last week in what ended up unfolding here in washington, d.c. on wednesday. the president right now is in alamo, texas trying to highlight some of the accomplishments as he sees it along the southern border during the four years of his presidency, but before the president left for texas this morning, and that is a live picture of the president in texas, president trump essentially said this morning that he didn't do anything wrong, that he believes that his speech last week actually hit the right tone. this was the president earlier today as he left the white house. listen. >> it's been analyzed and people thought that what i said was totally appropriate, but they've analyzed my speech and my words

and my final paragraph, my final sentence, and everybody thought it was totally appropriate. reporter: you mentioned the banks. keep in mind three of the president's own cabinet members along with his former press secretary and former chief of staff resigned from their post, citing the president's behavior. the top democrat in the senate today said the president's recent comments are another disqualifier for him to retain his post. >> what president trump said this morning, showing how despicable a president he is, he blamed the violence that he helped cause on others. donald trump should not hold office one day longer. and what we saw in his statement today is proof positive of that. reporter: tomorrow, here in washington, d.c., the house of representatives will take up an impeachment vote on the president. before he left for that scene in texas today, president trump called that quote, absolutely

ridiculous. back to you. liz: blake burman live from the white house, thank you. we will be monitoring what goes on in alamo, texas. now, look, it may look as we look at the markets like they are moving higher, not by a huge amount, but we are getting back up to session highs right now for the dow. the dow is up 86. there is a big rotation of money on the move that you can't really see under the surface, but that's what we're here for. we will show it to you. much of this appears to be leaving some of the big tech names, where people are moving out of it, and into the auto industry. of all names, general motors. look at this. general motors up 6.7%. it's looking at its first record close since you got to go all the way back to october 2017 to see that. ceo mary barra made electrification the focal point of her keynote speech this morning at the virtual consumer electronics show. here's what she said. >> this moment will prove to be an inflection point.

the moment when our world's reliance on gas and diesel powered vehicles will begin transitioning to an all-electric future, and gm intends to lead that change. liz: so gm unveiled a new battery called the ultium battery which gm says can make almost any vehicle an electric one like that. there is a split decision, though, on the ev ecosystem at this hour. chinese electric vehicle giant xpeng is up after getting new lines of credit and hydrogen fuel cell maker plug power getting major backing and boy, is that stock jumping right now, by the legacy auto industry as tesla again rallies back past the $800 billion market cap. but not everyone electrifying markets at this hour. nio, which has been a real darling here, rock star day yesterday, is moving just flat at the moment. c

canoo is down and that may have a lot to do with what is going on in general motors. let's take a look at the legacy component of the auto industry and that would be oil. still marching higher. legacy or cutting edge, what does it mean for your portfolio, because some of the faster and smart money is moving right now. to our floor show traders, tom hayes and scott bauer. scott, what we didn't bring up here is that gm announced this bright drop van and this is going to be a delivery van that's electrified and fed ex has ordered a whole bunch of them at the moment. suddenly, you start seeing it's not just sort of the teslas and chinese guys, but this is the legacy names out there. this appears to be a hot area at the very moment. do you think this lasts as far as the rotation? >> you know, it is a hot area but this electrification, if you will, is really just a stepping stone to get us from the legacy type of automobile to electric. it's really the hybrid market. here is the big issue with that.

the legacy car makers literally have sunk billions and billions of dollars into r & d, diesel makers, engines, that they just can't pull the plug on, no pun transformation. the ev makers, not just tesla, but most of them up and down the line, they have full vertical integration so not only are they making all the parts to the cars, the seats, the entertainment, the seat belts, everything, they are making the motor, they are making the battery or at least they have the i.t. software for the battery. for the legacy car makers to catch up to that, this is a nice stepping stone but it is going to be really, really painful over the next five to ten years, in my estimation. there is one, though, however, that i really think stand out from the rest when you talk about the legacy car makers. that's vw. vw is set to make that complete transformation and they actually have in their business plan that

over the next two years, they plan on rolling out millions of completely ev. liz: yeah. you know, volkswagen is down about .33% right now but the european names are moving higher. ford jumping 5%. you don't usually see a move like that. tom hayes, again, you don't have to be a gearhead to be looking at all of this and saying well, wait a minute, this is rather interesting, but there are other ways to play this. you could go into the autonomous vehicle names or the ones that are able to enable that kind of thing, such as lazr and then you've got all the other names, whether it's intel, because underneath the hood at intel, you have mobile-eye. there are lots of opportunities. it just looks like people are looking at the auto industry right now, electrified or not. >> yeah. well, the one thing i have learned in this business is opinion follows trend. with tesla up 776% in the last 12 months, nio up 1700% in the last 12 months, now everyone

wants them. so you know, as you look at these, some of these are actually priced for perfection. if you take a look at tesla, they have to grow at a 26% compound annual growth rate for the next ten years, and deliver 5.1 million vehicles in 2030 just to meet their current price target of $900 per share. so we are saying maybe curb your enthusiasm a little bit as these are high beta names and if we get a pause or correction in the general market in coming weeks or months, these are going to get hit harder. on the flipside, while we say curb your enthusiasm, if you look at the legacy providers, you can buy gm at 9.9 times 2021 earnings. you can buy ford at 9.5 times. relative to tesla at 212 times 2021 earnings or nio, which has no earnings at 25 times sales. if you look at gm, they are going to have 30evs over the next five years and ford's going to have over 40 over the next handful of years, as we move

forward. but even as we electrify these, you know what you are going to need to charge these things up? you are going to need electricity and some of the left for dead natural gas producers might be an opportunity here and we focus on range resources, marcellus shale and comstock resources might be something to look at to play this trend. liz: remember back in the day when natural gas was $14 per british thermal unit? that was a long time ago. gentlemen, thank you so much for joining us. tom, scott, always a pleasure. airlines are taking quite the win into the close and there's a major pandemic and covid link here. united, delta and american are all moving higher by 2% to 3% plus as reports swirl that the united states is going to order expanded coronavirus testing so that any international air passenger who wants to come to

the united states must come possibly with a negative test. and bitcoin on its biggest slide in nearly a year. in just a minute we will show you where the original crypto is standing into the close. or is it moving into the close? speaking of close, the closing bell ringing in 49 minutes. dow up 71. the s&p up just 1.7 points. boy, that ten-year yield moving higher. it's at 1.18%. first time it's seen that in ten months. so you're a small business,

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♪ you know you got to live it ♪ ♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ liz: fox business alert. an online shopping spree leading off today's pop stocks. vaccines, not the end of the line for online retail. chewy, wayfair and popular face mask destiny etsy all rallying rather dramatically. look at etsy, up 12.5%. the homemade craft site racking up its best four-day stretch in nine months, fueled by a bullish price target hike by jefferies. clear winner is etsy within 1% of the close. wayfair up about 8.5%. chewy better by 7%. if content is king, netflix

is emperor or making its best effort to be the emperor. the streamer set to release, you ready, a new movie every single week in 2021. the rock, wonder woman and deadpool's ryan reynolds, some of the stars set to light up the small screens. shares are slipping just a bit ka today by 1.9% but in the past year spiking dramatically courtesy of the stay-at-home binge watching. bitcoin looking to regain its footing after its worst selloff in ten months. the cryptocurrency swing nearly 12%. that between today's highs and lows. overnight in london it was, i want to say it jumped about 5%. now it's down, as you can see, about 1.7%, but also continued to fall from yesterday's close, happening just in the last hour. bitcoin at $34,101 per coin. crypto related stocks are also moving higher after getting tangled up in bitcoin's slide

yesterday. t-zero, the parent -- okay, overstock is getting the biggest bump. it is up right now by 17%. you can see competition, stiff competition fr competition. apple sold more than 18 million iphone 12s in china during the fourth quarter. apple's smartphone market share in china is now above 20%. apple today, we can look at it, i believe it was kind of middling around, it's up about 10.9% since the start of the fourth quarter last year. apple is down about .5% right now but up 62% year over silicod winds faced over the past year because apple started to make its own chip saying good-bye to intel and everybody else. today, the semiconductor maker known as the dow component intel is, you know, the world's

largest, one of the dow toppers as it unveils four new families of processors. the stock is up 2.8% plus there are reports intel may be outsourcing some of its chip making. cheryl casone, to whom and where? what's going on? cheryl: it's interesting. intel is on the move, as you mentioned. there's a bevy of news on the stock right now, most notably that the chip maker will outsource production. a new generation graphic chip to taiwan semiconductor to make a second generation discrete graphics chip for personal computers known as dg2. it will be made with the new chip making process at tsmc that's not really yet been formally named but is reportedly in the works. intel lost its manufacturing edge in recent years and is now debating whether to outsource some of its flagship central processor unit chips, known as cpus, slated for release in 2023. right now, top stocks in the dow jones industrial average, intel is moving higher and there is taiwan semiconductor on your screen, also higher.

but intel has been trailing its rivals in part because of that hit from apple manufacturing its own chips. that news you just mentioned it. of course, that competitive fight with nvidia and frankly, they have been losing that. then there's also been pressure on intel thanks to activist dan loeb, who sent a letter asking them to consider keeping their chip manufacturing operations under one roof. you will have a lot more from the king makers in the sector, right? liz: oh, yes, we are. thank you, cheryl. speaking of which, intel's ceo, yes, we've got him. bob swan on "the claman countdown" a week from friday, january 22nd. we are psyched to have him on. you won't have to wait that long to get the inside scoop when it somes comes to the semiconductor world. simon segars is here on his tie-up with nvidia but he's

really going to talk about a.i and how his company will be the leader in all things a.i. chips. that's tomorrow, 3:00 p.m. eastern right here on "the claman countdown." we now have the fbi having that news conference, it's happening right now at the justice department. the fbi says there are more than 160 case files as a result of investigation on the capitol hill attack. the fbi said it will not hesitate to knock on doors for information about people involved in that attack. the fbi has confirmed right now that 100,000 videos and pictures have been sent to the fbi for tips. that's already. and they are still flooding in. though it had information about the potential for violence ahead of the attack, the fbi cannot open any cases until an act has occurred and that's why it said can't really open any cases and then wednesday happened. the fbi continuing to probe last week's riot and any plans for

future attacks. we're looking at that. we're monitoring it. dow jones industrials up 76 points. we are coming right back. don't go away. nhl commissioner gary bettman up next. metastatic breast cancer is relentless, but i'm relentless every day. and having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for women with hr+, her2- metastatic breast cancer

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liz: hockey fans, rejoice. it's time to start shining up the stanley cup but on this eve of the 2021nhl season, major business developments are swirling around the national hockey league. after fans were banned last season from filling arena seats due to the pandemic danger, several cash-strapped teams have now been forced to take out loans from the league. with gate revenue all but vaporized the league is pushing to turn to a whole new advertising structure that involves, among other things, turning helmets into mini billboards. that's not all. nhl commissioner gary bettman telling the media last night it would be cheaper for us quote,

to shut the doors and not play, but no, so glad the show must go on. to the show ringmaster himself, nhl commissioner gary bettman. welcome, commissioner. thank you for making the season, you know i'm a huge hockey fan. listen, obviously the optics of canceling the season would have been horrific on so many levels, but simply by opening the doors, can you sort of let our business audience know how much a loss you are talking about and can you break that loss down a bit for us? >> well, to keep it at 10,000 feet because we don't have enough time to get to the component parts, if you start with the fact that direct or indirect revenues from attendance is probably 50% of our revenues, you can start from there. and the sale of additional assets and sale i use in quotes, such as sticker on a helmet, it's really about revenue

retention as opposed to revenue generation. a lot of it, not all of it, is relationships that have been impacted either by a shortened season or not having fans in the arena. now, we have a system with our players where they only get 50% of the revenue so obviously, they are going to get less in the way of salaries than they would have gotten if we played a full season with fans in the building, but there seems to be some confusion on this point because simply because of operating, the cost is more than players' salaries and there is a great expenditure that has to be spent by all clubs to keep people employed on some basis and to deal with their overhead. but at the end of the day, we thought it was important for our fans and for the game to continue to play. we think it's our responsibility as one of the four major sports to keep the game alive.

all the sports that have played and are playing are going to have challenges in dealing with covid-19, but everything we're doing starts with health and safety. that is the priority and we have tons of protocols to deal with what needs to be done. liz: commissioner, you've got your businessman hat on, and in doing so, you've allowed something that in the past you always pushed back on and that is advertisements on hellmemeth. we just showed the string of it. td bank for the boston bruins, the list goes on. the devils, prudential. that's an obvious one. i love this one. the penguins have ppg paint company. does that mean we can triangulate to the idea of advertisements on the jerseys soon? >> i know there's been a lot of speculation as to what all this means. first of all, we are grateful for the support that our clubs and the league gets from our

major sponsors, but again, ppg is the naming right of sponsor for the arena in pittsburgh so there's a close collaboration here with a number of these relationships. some of the things we're doing, you couldn't do if there were fans in the arena and obviously, that's a one-year phenomenon. with respect to some of the other things, we'll evaluate whether or not it makes sense and going forward, whether or not we should continue to do it. but i don't think because we're doing what we're doing now, it necessarily means we're heading down the road where we may be doing a lot of other things. maybe we will, maybe we won't. it's not preordained. we will use the experience of this season and then make some judgments. liz: gary, you mentioned how a lot of these teams, of course, nobody in the arena so no gate revenue which depending on which

market these teams are in, in about 1.3 million per game at the gate. i know that some of these teams are negative operating revenue. we can put some of these names on the screen. can you let us know which nhl teams have asked for loans from the nhl? aside from that, you've got the new york islanders, negative $38 million. this is from 2020 operating income. the panthers, negative 29. coyotes, the list goes on. they have come to you kind of hat in hand for some loans here. who? >> that's nothing more than a reflection of our member clubs trying to deal with cash flow issues. we have arranged for some league-wide financing. [ inaudible ] obviously our clubs and our owners are going to lose a lot of money. i'm not here to -- you have

asked the question, but we have done what any prudent business needs to do to get through an extraordinarily difficult, unprecedented time and we will get through it. liz: the owners, what are you hearing from them? we know a lot of these guys are big, smart businessmen. what are you hearing from them and their solutions to this issue right now? >> well, the solutions for the world at large, just not hockey, is we've got to do the prudent safe things to deal with the pandemic. we want to keep our players and our other personnel healthy and safe. we want the communities in which we play to be healthy and safe. and we have all got to work to get through this. but no matter, most businesses obviously have had an adverse impact on their operating

margins. i think it's fair to say, because you've asked, all of our clubs will lose money. there's no surprise there. but we are all committed to the game and we want to get through this and come through to the other side stronger than ever before. liz: i just want one last quick comment on sports betting. yesterday, the washington nationals announced a partnership with bet mgm. i know you guys have partnerships, too. the partnership is to open a sportsbook in the baseball arena, national park. would you consider allowing a sportsbook in your nhl arenas? >> actually, it's really more like a sports bar where you can bet. the washington capitals in verizon center have a similar situation to that. i think our clubs and the league have been very responsive to the fact that sports betting has

been legalized in many jurisdictions now and we're building relationships, we're working collaboratively with some of the sportsbooks to promote for them what they're doing and to give our fans another connection point to our game. all the leagues are doing it and all the clubs in all the leagues are really focused on doing it as well. it's just the reality of where we're living and it's a function of the fact whatever your position may have been on sports betting a couple of years ago, once the supreme court invalidated pass [ inaudible ] it became the new reality, whether it's mgm or fanduel or william hill, we have relationships with the major players. liz: gary, thank you. we've got to run but i'm still a die-hard l.a. kings fan but this is my prediction. the seattle kraken, i'm not even

a fan and i already ordered a shirt, this is going to be quite the new franchise, is it not? >> david bonderman, the principal owner, and the ceo have been doing an incredible job. the reception we have gotten in seattle has been phenomenal. this franchise is going to be a huge success and continue the great growth the league has had. obviously, as we started, we are looking forward to starting the season tomorrow night and it should be an incredibly competitive exciting season under extraordinary circumstances. liz: release the kraken. all right, seattle. gary bettman, commissioner of the national hockey league. we'll be right back. the dow has lost a little bit of steam here, still up 55. look at the russell small caps jumping 32 points. personalized g and unmatched overall value. together with a dedicated advisor, you'll make a plan that can adjust as your life changes, with access to tax-smart investing strategies that help you keep more of what you earn.

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liz: no viva las vegas for the consumer electronics show this

year due to the pandemic but that's not dimming sin city's lights. look on your screen. this is very cool. all around the strip, neon signs are flashing we miss you, ces. can't wait to welcome you back in 2022. if you can't get there right now, no traveling, right, we are bringing our own version of ces to you with all the top players. now, one of the biggest stories here, one of the exhibitors is multinational tech giant lenovo which has now come off an unbelievably spectacular year by becoming the company of choice to meet the needs of the largest remote work force the business world has ever seen. lenovo north america president matt zielinski joins us in a fox business exclusive. we would have been doing this in person as we always have, but due to, of course, the fact the whole thing has gone virtual, here we are. our viewership know that what we just said was not hyperbole. lenovo led 2020 pc sales with a 24% market share, as people rushed to build up remote technology in their homes.

what was it like keeping up with demand? >> well, i tell you, it was daunting. look, we have been on this mission for intelligent transformation and 2020 just turbo-charged the efforts of getting smarter technology out for all. look, gone are the days of one pc per household. sometimes two pcs per household. without access to technology like ours, people are marginalized, communities are marnl natur marginalized so it's turbocharged demand. we have been in a great position for three reasons. number one, it starts with product. people vote with their wallets. we have been innovating toward the type of points we all encountered in 2020 for years and years. number two, when demand is that robust you have to have scale. our supply chain can output more pcs than any other. it's all about also having access to downstream components in very tight supply. scale is your friend. thirdly, in this charge of populating one pc per person, you also have to be very geographically diverse. we have a huge market all around

the world in 180 countries on the planet. we are best equipped to go out and do this. liz: we are showing one of the brand new tricked-out laptops you guys are now producing and it is the thinnest laptop that you have ever made, less than half an inch thick. this is what the thinkpad titanium, what does it do that people would love to see and touch but you got to explain it to them here. >> first of all, i have been playing with this nonstop since i got it. the thinkpad x1 titanium, the thinnest we have ever built at 11.5 millimeters thin. it's 5g enabled, wifi 6 enabled for connectivity everywhere. it has some of those features i really think are hitting the pin points of consumers right now, the work from home, school from home endeavor. dolby sound and voice so the interactions we have are as natural as humanly possible without being face-to-face. liz: conference calls.

>> -- which is a huge one which is noise suppression. if my kids were to barge in the door, the thing would mute itself before you could actually hear it. liz: that's cool. >> the last thing is blue light display. we are all spending 40, 50, 60 hours a week in front of displays. i have to wear $8 glasses so i can sleep at night. but over time, there will be so many blue light limiting displays that come out and even gaming. think about how many hours a day gamers are gaming. it's gone up exponentially. even our new gaming notebook has the first certified healthy blue light limiting displays out there that you don't have the fatigue of the interaction of a display. liz: i got it. >> so many areas of innovation that are going to keep evolving in this new world. liz: before we run, one of them are these new ai glasses. these are enterprise, this isn't for gaming. i want to quickly show them before we go, because this is pretty fascinating. you can see, forget double

vision, it's quintuple vision. you can see up to five virtual display screens around you on these glasses. how much will those retail for? >> that's right. first of all, the market is -- was a $12 million market in 2020 for all things arvr. we think that goes to $72 billion in 2024. there are two prime applications here. the first one is consumer. think about i'm sitting in front of one display right now. if you put on these very sleek almost sunglass looking type arvr headsets, you can have five virtual displays. imagine the productivity you have with five displays without seeing wires. secondly, there will be a commercial ham indicatiapplicatu can plug them into a motorola smart phone and have arvr on the go. the applications are endless, on the field training, hospitality, retail, the possibilities are truly end leless. liz: okay. great to see you.

i'm testing out your foldable, which of course, to me, fascinated me. oh, look at that. it turns into all kinds of things. it's great to see you. thank you so very much. good luck to you and that thin, yeah, we like light. it's great to see you, matt. the business titan who grew up a child of the depression and ended up founding the world's largest casino empire spanning from vegas to macao has died. las vegas sands chief sheldon adelson, the son of a massachusetts cab driver, went from delivering newspapers in the scrappy boston neighborhood of dorchester to starting the sands, the venetian. he was a staunch supporter of and donor to the republican party and to candidates ranging from donald trump to mitt romney. but the biggest recipient of his philanthropy was the state of israel. i was one of the last business reporters to interview adelson. i met up with the famously private billionaire when he came to new york to attend a friends

of the israeli defense forces gala. he died of complications of nonhodgkin's lymphoma at 87. we'll be right back. my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter... she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement.

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- hey. - [narrator] she takes two prescriptions. kate's son jack, takes one too.

kate works hard, and thought she had good insurance. but she still pays too much. that's no good. so kate downloaded the goodrx app. now she can compare prescription prices, to find the best discounts. she even beats her insurance price. good for you kate, good for you. goodrx, stop paying too much for your prescriptions. download the free app today. liz: treasury secretary steven mnuchin has visions of hollywood and wall street, but what will his life look like post-white house? charlie gasparino has been doing some digging and has some details. charlie: steve mnuchin is a wall street veteran for many years, worked at goldman sachs, did his own private investing. a known quantity. so a lot of people are talking

what are the trump officials going to do when the term ends and obviously, have to deal with some of the issues involving working for donald trump, particularly after last week's disast disastrous speech and riots. clearly when you talk to branding experts, people like mnuchin are in a very good position and this is why. he's more of an entrepreneur. most people doubt he's going to go back -- want to go back to a big firm. he's likely to start his own hedge fund, from what i understand. he's going to produce movies. hollywood may not want to be associated with him, some people, but hollywood actors have gotten hard-hit by covid and the lockdowns and may not care who writes them the check. he has $400 million to play with. steve mnuchin is independently wealt wealthy. it looks like he will be okay. that's what i keep hearing from his friends. he will be going from coast to coast, he will spend some time in hollywood.

his wife is an actress. he's probably going to start his own hedge fund, or fund, or a spac. he will do something like that. he's going to have potentially a lot of clients because he did a pretty good job as treasury secretary. again, known entrepreneurial entity. the other guys will have a hard time. it's going to be harder for mick mutulvaney or larry kudlow to start a hedge fund. if they want to filter back into corporate america, that's where this thing gets tricky. now, i think it's totally unfair. mulvaney was an excellent budget director, a really smart guy. he did a good job keeping the genie in the bottle which was working for a very volatile president. larry kudlow is an excellent economist, he did a very good job pushing for economic policies that were very good and kept the economy, by the way, not only kept the economy strong pre-covid but post-covid stopped it from going into a depression. but still, there's going to be a taint here and you can see it

with pronouncements of corporate america. we actually asked larry if he has any plans of going back to cnbc. remember, you and i worked at cnbc with larry back in the day. larry has been a long-time commentator and host for them, anchor, and excellent anchor. he got back to us, he got back to lydia, my producer. when we asked him about the cnbc issue, he said my only comment is please don't assume anything, thank you. whatever that means. so it's unclear. cnbc did not return a call or e-mail for comment. other people, again, this is very tricky stuff. i think the entrepreneurial route, based on the brand experts i talked to, may be the best way to go for a lot of these former trump administration officials, given what trump has done, not only to hurt his brand but the fact they worked for him. it's going to be an issue going forward a little bit.

not saying it's fair. it's very unfair, because these are folks that let's face it, they don't deserve blame for what happened last week. far from it. they kept the country running. larry kudlow, mick mulvaney, gary cohn, steve mnuchin kept the country running. liz: well, as you know, we love larry but he also said in june there wouldn't be a second wave of the virus. all right. we'll be right back. markets, look at this, at session highs. dow up 87. before nexium 24hr, anna could only imagine a comfortable night's sleep

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♪. liz: closing bell 3 1/2 minutes away. number one, russell 2000 closes at a record. dow transports also at a record. the dow has to be up 89 points. that is right where we are to close at another record. 5g making the images on your screen supposedly faster, clearer. today's "countdown" closer says he has the may for both ends of the 5g development.

dan gentner, rnc capital. five billion in estimates. he joins now. what does that play, dan? >> liz, we've seen a reopening trade showing in the market this year. clearly you had a significant change. energy is up 10%. you're seeing into the basic materials, seeing it in the financials and i think clearly you've got corning glass is going to be really strong into that. we're going to see a big fiber-optic push in 5g as it expands into 21 and 22. even if you don't reopen, people working at home will need it. seeing it in cell phone manufacture, seeing it in tv glass. the stock is not cheap. it is up two-x recently. we think it goes 35 into the 40s. 2 1/2% dividend while you wait. that is very good plan in that area. cisco will benefit from the reopening trade. 3.2 dividend while you're waiting. much better valuation at 12 hx.

they have two plays with good momentum and will clearly participate in this area. liz: i like that corning play, as you said they make the gorilla glass but also make the fibers. 5g, where is it, where do we stand on that real quick? >> what you're seeing, what you have to watch a lot of systems when you tie in, traveling a lot like i do, it says 5g. that is coming up on the phone. it is not really 5g yet. clearly major metropolitan areas are on 5g. it is moving forward. it's a major initiative for these companies. for all practical services when you look at competing cellular services that is what they have it sell. people on it faster do much, much better. people are mobile. they're working from home. working out of their cars. not as much hotels but work outside of the office. there is a big difference. if you've been out there, you're working on 4g and you move to 5g, if you're downloading

spreadsheets, various things. there is tremendous difference. companies participating in that will participate. [closing bell rings. liz: dan, thank you very much. this is the closing bell. wait and see call on the dow if it settles. doesn't look like a record. russell, the transports, yeah, a record close. connell: we're speeding up the fight against covid-19. vaccines are about to be made available to more americans. stocks are edging higher as we fight for records at the close, coming up a little bit short on the dow. it was in record territory up until a minute or two before the close. up 89 points. the close is higher by 60 points. we look at the s&p 500 and nasdaq. they are inching back towards record highs as well. investors look ahead to stimulus. looking ahead to earnings season. we do have green on our screens today. good to be with you, i'm connell mcshane, welcome to "after the bell." time for the news happening at