brad neuman, phil flynn, thank you so much. good to see you both. >>> we've got the closing bell ringing in about 43 minutes. if you are wondering whether the coronavirus is dying out here in the united states, the doctor who runs brooklyn hospital's intensive care unit says just wait, that scenes like this die-in protest could speed up a second covid-19 tidal wave. dr. james gasparino on when it will hit and why people not even at the protest might be the ones most at risk. he's next on "the claman countdown." (vo) since our beginning, our business has been people. and their financial well-being. it's evident in good times, with decisions focused on the long-term. and crucial when circumstances become difficult. that continued emphasis on people - our advisors, associates, clients and communities gives us purpose, strength and a way forward. today. and always. and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take y

scott redler and phil flynn. scott, to you first. which stocks will do well, do you believe, even when the government money runs out or at least goes down to a trickle? >> well, i think the sector that's been leading the market is the tech sector. it's been leading the market for the past few years. even when the stimulus checks run out, i think you could be somewhat safer in strong balance sheet type names like facebook, like amazon, like apple, and i think some of the retail names had a perfect storm. lots of people been at home, they haven't been working, so they have actually been going to home depot and spending some of their stimulus check. households are getting like $1200 a month now from the cares act and unemployment and they got bonus checks so the fed did their job. they put a band-aid like your past guest said to let people still spend money, stimulate the economy, but when that runs out, some of these retail names that benefited from the influx of spending might falter. i think home depot, you have to be careful with. i

phil flynn, let's go to you. he picked up on something i want to take to you and that is the issue of the coronavirus and a possible second wave. we are still looking at, this is what dr. fauci said, this is the first wave that we are seeing emerging in florida, texas, arkansas, alabama. forget the second wave -- well, we can't forget the second wave because that will coincide with flu season. that's an economic story. a lot of folks are worried about can the economy withstand a second wave of coronavirus and flu seasons together? >> it will be tough, no doubt about it. it was interesting to hear dr. fauci because he did seem to be genuinely concerned about where this is going. i think he sort of slowed the market momentum. we had a really good day going in the stock market, we still have a good day, but there is that concern in the market. but a lot of what we are hearing right now is still speculation. that's what's happening in the market. but if you look at what's happening on the ground when you look at thes

we have the vicks index, the pure index of 9% but overall let's bring in the countdown closers, phil flynnck in front of the camera, bubba and todd, let me get your impression because there is a way to get money on a single bet if they think continue to rock 'n' roll peoples portfolio. >> when you look at the market, it is driven by option to open, when you get fear that's when buyers come flying in which pushes the volatility much higher. when we look at the volatility, we are seeing that the volatility helps through the rally and it really never collapsed down to where it was in march, now it is starting to take off, the nice thing about the vx acts it's only short-term product, if you use it properly and it goes higher and accelerates faster because of the multiplier effect. if you think volatility is coming back, this is a great play for a couple of days in a couple of weeks but not more because they do decay like big options. liz: two minutes left in the trade for the whole week and we are down 736. obviously, the fear today has been amplified by the new headlines that we are starting

let's go to phil flynn. he is following closely what happens in the futures markets. oil in particular, the fear that more spikes we see, the slower the recovery will be. how is it looking right now, phil? >> it is really mixed, neil. i'll tell you this this is like one of those horror movies you think you have the animal, mon sister put away and it starts to rear its ugly head again and that's what we're seeing in the oil market f you look in the oil market, neil, we had one of the most incredible comebacks in history we've ever seen. we went from $40 negative to $41 positive. that was only a couple days ago. when we get a report like we saw in today's "wall street journal," increase in cases in coronavirus may not just be because of increased testing, when you hear about texas talking about maybe slowingdown the rollout you wonder if this will expand and oil traders are becoming cautious. you see cautiousness in other commodities. look at gold for example. gold was six-year high based on concerns about all the stimulus in the economy, more inflation coming into the p

phil flynn, i will begin with you. what are you looking at that could be the next netflix, not as i said in that sector, but anywhere? >> one that kind of struck out with me is a relatively new stock, called grocery outlet, believe it or not. grocery wholesale. its symbol is go. this is a store chain that basically tries to sell brand names a lot cheaper than a lot of places, in many cases cheaper than walmart on a lot of the things they sell. they don't always have the brands stocked the same way they do, but they buy them at a discount and their sales have been really really good. they are mainly out on the west coast, california, that type area, other states out there, and they could be ripe for expansion. when you think rocket ship, nasdaq, netflix going to the moon, here's a solid stock with a lot of growth in front of it and could see some expansion. it's a cheap one and might be a good one to hold on to. liz: ticker symbol is easy, go. let me mark the dow here, up 197 points. big moves across the board today. gi

i want to bring in the floor sm show traders, scott redler and phil flynn. scott, i will start with you. we were looking at the vix, it's been a tough year. maybe not a surprise but the fact goldman is saying the s&p at 3,000 at the end of the year? i was a little surprised about that. >> you know what, the market has had a lot of volatility and the ranges have been huge. not a lot of people thought when we got to the march 23rd lows of what was it, close to 2181 that we didn't get back to 3,000. we are kind of sorting through a lot of complicated headlines. you just saw out of new jersey they are not opening indoor restaurants. the whole reopen is starting to falter a little bit. the second wave is coming back. i think investors should stay the course and put flows into s&p funds every single month. this is the type of year that should absorb complicated headlines. i think we could see 2100 in the s&p again some point this summer but we could see higher than 3000, closer to 32 where we were a month or two ago. we will probably end somewhere in the 3,000 ran

let me go to phil flynn. where would you trim this garden? because we have certainly seen it reap really lovely fruit. >> roses are red, violets are blue, i sell some tech and buy energy and leisure for you. how about that. am i right? we were seeing this a couple weeks ago. we were saying listen, people are going to want to get -- we live in a post-coronavirus world and people are going to want to get back to normal. we are seeing new york open. we are seeing vegas start to open. people are going to want to go there. i know people are dying to get in restaurants, you know, here in illinois and wisconsin, they are reopening restaurants. people are waiting around the block just to eat somebody else's cooking than their own. we are seeing a normalization there. now, listen, what stocks did great. we have the tech stocks did fantastic. the stay-at-home movement, right? everybody's got work at home, use more tech, that's been great. i'm not saying it's going away. i'm not saying get rid of all your tech. but the ones that have underperformed like

phil flynn, i will begin with you. the risk factors are right in front of our faces here, yet the market continues to enjoy a bull party. how worrisome or expected is something like that and would you advise investors to shift around a bit? >> you know, i think right now, you want to stay calm. i think that could be said for the entire country. we are going through an emotional thing right now with these protests and riots and there's a lot of tension. i believe in the american people, i believe we can still come together and try to work through these problems. i'm pretty optimistic and i think the market is as well. we are seeing green shoots in the economy. we are seeing things start to get better and hopefully as the economy starts to get better, some of the tensions we have seen over the last few days will start to calm down a little bit and we can focus. china obviously a big problem, but china was going to be a problem anyway. we have been through the trade war situation, we have been through the volatility. at t

investors just get snookered by a bear market rally so our floor show, we have the ceo and cme trader phil flynn. ross was it the shortest recession in history or were investors who piled in last week victims of a bear market rally? >> yeah, you know, i think that one be really really confused. when you look at even after the economy opens now, just amazing amount of effort every business has to put in j customs they can serve compared to the past, and all the stimulus we've seen on the short-term has really put off the real pain of coronavirus economic pain for a little bit of time and i actually really fear the fall when these unemployment checks stop coming, and the jobs aren't going to all come back, and we're going to still be in a recession for a little bit of time here, and so -- >> liz: yeah, but would we test the march 23 lows? >> i think the march 23 lows was based a lot of fear at the time of the unknown so i think that was extreme on the sell-side, just like i think the rebound has been extreme on the bounce back on the upside because of just massive fed stimulus but i think when it

to phil flynn first. does it, and please tell us what your trades are right now in this space. >> you know, i think obviously we are going to see a correction because of this but no, i don't think anything's changed. i still believe even with the uptick in the coronavirus, we are still on the road to recovery. but having said that, these stay-at-home stocks are still going to continue to do great, right? we are already seeing that today and that's the play. we don't know the netflix names, we all know the names we have been talking about that you mentioned, but some of the ones you really haven't been watching that have really performed almost as well, if not a little better, splunk, for example. i love that name. don't you? splunk. it's done fantastic. yes, it of course basically uses a lot of the cloud technology to handle a lot of these at-home stocks. that stock has done tremendous. the other one is in chicago, we would never do this, but dominoes pizza. if you are sick and tired of cooking, dominoes

phil flynn, what's interesting to me is the dow, the markets couldn't figure out what they wanted to make from the statement today but you know, look, basically we have got your back, says the fed. whatever it takes, we will do it. yet the dow is off 161 points. what do investors want? >> i think it was like a kid in a candy store, right? day two. you got everything you wanted, we are kind of full right now and we are trying to decide yeah, we want more but we don't know how much more we can take. i think that's the big question. i think teddy had it. we have had this incredible run in the stock market. we got everything that the fed wants and more. but there was one thing that i think that was underplayed that jerome powell said that i think it's very important. he said if you want to avoid long-term damage to the economy, we are going the need some more help on the fiscal side. in other words, congress, we need more stimulus to help these businesses long-term because he's really concerned that if the government, you know, the fed's doing everything they can do, obviously. he's look

phil keating reporting live from brunswick, georgia. turning back to the protests over the death of george flynn, as william la jeunesse reported moments last night including in front of the white house in washington. what needs to be done to be sure that they remain peaceful? for more on this let's bring in tom ridge, former secretary of homeland security and the cochair of the vote safe. thank you for your time this morning. first could you give us your assessment of the days and nights that have followed george floyd's death? >> first of all, many stories are tragic but i try to look at the positive developments. george floyd's said violent protests will not advance our cause. i take a look at the police in michigan and green bay and even our capitol police working in concert with and actually walking with some of these protesters, those who have embraced the first amendment and looking to police to protect them. then i take a look at the tragedy associated with police officers, particularly police chief adorned in st. louis while he tried to protect a store from st. louis. we also have repeated signs of racial discord and what we h