They are outside allentown, pennsylvania. We will keep our eyes and ears on it in case any news breaks. In the meantime, as the president visits the keystone state, elsewhere, other states are taking more and more steps to get business back to normal. You have been hearing about it all day. But they cant do it without data. Where are the covid outbreaks so they can douse them as quickly as possible. Weve got a fox business exclusive with the Company Already helping governors around the nation set up digital cloud command centers. By the way, the stock is up 101 since april. You will meet the ceo. We will give you the name of the company. And the stayathome orders giving doityourselfers a reason to exist. While husbands and wives around the nation roll their eyes, trex is a clear coronavirus winner in the Home Improvement craze. The deck material maker ceo is here on what everyone is rushing to buy. Plus, we are live at the cdc as it grapples with covids new and terrifying symptoms showing up in children. How high gold and black gold are about to go. And charlie breaks it on his tweet heard round wall street on the Goldman Sachs merger chatter. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. Yes, charlie gasparinos report on yesterdays claman countdown livened up financial stocks which are hopping at this hour. Take a look at goldman. Its only up 1 but wells fargo is up 6 , American Express is up 6 and that is helping lift the dow, certainly. After some early weakness in the sector, the big bank names from goldman to wells, bank of america, all began surging. His report yesterday began with chatter and speculation that goldman could possibly merge with maybe wells fargo. But even as jpmorgan today poohpoohed that prospect saying it would never pass regulatory hurdles, charlie is reporting its not just wells but pnc and blackrock and possibly American Express could be potential goldman partners. Then you had nat alliances andy brenner telling clients fox business presiden businesss reporting is what fueled the 600 point surge off the dow from the bottom earlier today. We have moderated a bit because the high of the session for the dow was a gain of 256 but we are still up about 195. Lets get to some pop stocks as we call them, both up and down. Its the end of an era for delta. The u. S. Air carrier announcing it will retire its fleet of boeing jumbo jets to save money. The stock is near a sevenyear low. The airline says its going to retire 18 of its boeing 777 planes, saying the move will help it stop hemorrhaging cash. Right now their cash burn rate for delta is about 50 million a day. Delta is down 1. 25 . You know, its really been such a miserable time for the Airline Industry as air travel has screeched to a halt. If they are stopping purchasing of 777s or at least retiring them, what is boeing doing . Its down another. 25 . Remember, this is a stock that was close to 400 a share in the last couple years. Its at 121. 29. Both are down more than 65 year to date. All right. Lets look at draft kings. Look at this one, up 4. 33 after coverage was initiated of the sports Gambling Company with a positive rating. The company releasing its first earnings as a publicly traded company. That happens before the bell tomorrow. The stock is trading right now at 27 a share. Plenty to frown about, though, at smile direct club after the online dental Company Posted a bigger than expected quarterly loss. Its down 7. 8 . With the u. S. Employment picture remaining pretty grim, a new report from Oxford Economics estimates that 15 of homeowners, because so many of them have lost their jobs, will fall behind on their monthly mortgage payments. That estimate is actually higher than the Mortgage Delinquency seen during the great recession. According to money manager thomas key, jr. Of Stock Traders daily, an equity logic, yeah, we know how bad the labor picture is, we know what it could do to at least the housing sector, so you need only two investments to survive the next few months. The s p 500 etf which is up about 9 since the start of the quarter, and a big honking pile of cash. All right. Lets bring in our floor show traders and that do they make of this . Sarge guilfoyle, i begin with you. Which sectors are flashing the sell signals aside from housing and which do you see as screaming buys . All right. I mean, despite what you have seen today, despite what that gentleman said which is half right, half wrong, energy, the financials, the industrials, some of the discretionaries, these groups are toxic. They are relying upon Economic Growth which puts a ceiling on how far they can go. They will be supported at some point by the policy measures that are put in place, but they are at best rangebound. The inelastic demand will be in health care, biopharma as well as technology, software, and you have to cherry pick from the communications sector. You need the internet and telecom stocks. Retail investor who we are talking to probably on this show maybe doesnt have the time or expertise to pick their own stock, probably is better served by a nasdaq 100 tracking etf or nasdaq composite. You are talking about triple qs or omeq. These are the two that vastly outperform the s p 500 and im going to bet Going Forward a year because in the s p 500 you have these financials, these energy names, all these names you dont want. The triple qs are techcentric as is the nasdaq composite but it omits the financial stocks so at least you can focus on the leaders in these etfs even though i dont like etfs, i would rather trade my own stocks, but if you are a person who is going to use etfs, at least this way you can focus on what has led and what i think will lead. Liz i dont know if we can get the qqqs up. Not that they are moving so much today but the nasdaq 100 opportunity there is very close to its 52week high again. 52week high for the qqq is 237. Right now we are at 219. The low, 164. Phil flynn, okay, for some reason we are looking at cabot oil and gas corporation. Im guessing you have there we go. Theres the power shares qqq. I like sarges thinking. The s p 500 is so broad, there may be real negative exposure to certain sectors but the qqq which by the way isnt all tech, there are some even banks i think in the qqq, but what else do you like . I actually like both of those, to be honest with you, and i like the s p only because the qqqs have outperformed by so much. If you are just getting into the market you might want to wait for a pullback before you start committing to that. On the etf factor. You know, but the s p in cash, thats a great way to be. I think the sectors that are down in that are have a tendency to really come back strong as the economy starts to recover. I think what we have seen, some of the worst Case Scenarios already play out in a lot of those stocks in the s p that have been beaten down. The ones that have been leading the way are still going to continue to perform. I think the s p could actually have percentagewise more of an upside at this point after the run of the qqq. Having said that, lets talk about energy. I know sarge isnt great on energy right now and hes right. Theres a lot of bad names in energy right now, absolutely. But we are seeing real signs that some of these Energy Companies are going to make a good comeback, depending on what stock you are going to be looking at. The International Energy agency today basically shocked the world saying you know what, things are really bad, the worst year ever, but we are seeing signs things are Getting Better already. That could indicate to me that the global economys really starting to come back, maybe faster than people think. If thats the case, some of these energy names are going to be a bargain a few months from now. Liz yeah. Yeah. Im looking at west texas intermediate, up 8 in the aftermarket session. That i believe is more than a onemonth high. Nice move there, guys, great to see you. Thank you very much. Coming up, a stock that has defied gravity through the covid19 crisis. The ceo of decking materials giant trex, Brian Fairbanks, is here. What is his business signaling right now about how homeowners are really feeling even as some may not even be able to make their mortgages . We will be right back. The closing bell ringing in about 51 minutes. The dow, look at this, we are getting very close to back up to session highs, up 237. Can we make it . This is a great day for the bulls, folks. 600point swing and the government ripping off the red tape normally faced by drug makers and biotechs big and small as a new mystery covid19 related illness affects children and spreads across the u. S. What the cdc, centers for Disease Control and prevention, is saying right now about that deadly inflammatory condition emerging in more than a dozen states. We will take you live right to the cdc next. So i listen to audible almost any time that i can. Its my own thing that i can do for me. Since i dont have time to read, i mean i might as well listen. If i want to catch up on the news, or history, or learn whats going on in the world, i can download a book and listen to it. I listen to spanish lessons sometimes to and from work. Yea, it makes me want to be better. Audible reintroduced this whole world to me. It changes your perspective. It makes you a different person. See what listening to audible can do for you. It makes you a different person. Staying connected your way youre just a tap away from personalized support on xfinity. Com. Get faster internet speeds with a click. Order xfi pods to your home in a snap. Or change your Xfinity Services with just a touch. All in one place. Youre only seconds away from all of that on xfinity. Com. Faster than a call. Easy as a tap. Now thats simple, easy, awesome. Liz folks, maybe part of the driver for the bulls at this hour is that its not just titans like gilead and pfizer getting covidfighting drugs fasttracked by regulators. The red tape is also being slashed and burned for smaller biopharmas as well. Look how investors are cheering. Shares of a very Small Company called applied dna sciences are soaring 61. 5 right now after receiving fda emergency use authorization of its covid19 test. The company is saying that the machine that runs its test can process 94 samples per hour and more than 2,000 tests per day. That is pretty fast. Clinical labs in the u. S. Can now immediately begin ordering and using this test to detect coronavirus. Look at drug developer aim immunotech, surging about 23 after getting fda approval for its trial drug that treats covid19 patients who have cancer, promising results sending shares higher by 8 and 10 . But there is a new development because covid19 just keeps doing strange things. Its really every parents worst nightmare. Covid19 infecting children. Doctors in italy have found the first scientific link between the rare inflammatory disease in kids exposed to the coronavirus. Lets go live to the cdc, where Jonathan Serrie of fox news is standing outside in atlanta. What are they saying inside . This is terrifying many parents who are starting to see this in their own kids. Reporter yeah. Its definitely concerning. The good news is that children are still at very low risk of severe complications from covid19. However, physicians are concerned that the coronavirus may be driving up cases of a very rare illness in children. Its called pediatric multisystem inflammatory syndrome or pmis. Its symptoms are similar to kawasaki disease including swollen hands and feet, red eyes, cracked lips and a red tongue that sometimes may resemble a strawberry. More than 100 u. S. Cases have been reported. The majority involving kids who either have tested positive for covid19 or carry the coronavirus antibodies, meaning they have been infected in the past. Experts believe it may be caused by an uncontrolled immune response to the coronavirus. Take a listen. As the body is doing its usual thing which is to make antibodies to clear an infection, it accidentally is revving up that antibody level too high or in an unregulated way so that that inflammation affects other organs. Reporter so the question is why are we just now noticing this increase in this rare inflammatory disease in children. One theory is that the virus has mutated, that we are dealing at least on the east coast with a european strain that may be a little more virulent than the one in china. But experts say perhaps a more likely theory is that this is appearing in kids who may have initially had the classic respiratory symptoms of covid19, they got over it, then they developed the inflammatory disease and until recently, their doctors may have just assumed these were unrelated conditions and not reported this possible link until now, and now this new research out of italy is adding to the growing body of evidence that there is indeed a link between these two conditions. Liz . Liz i think the more we see, the more we learn, its just very very worrisome. Jonathan, thank you for keeping our viewers up to date. Weve got the closing bell ringing in 42 minutes. Look at the dow, holding on to gains of 227. Again, i stress what an impressive turnaround this has been, considering the dow had been down 458 earlier. Nasdaq, well, weve got some green on the screen but we are still continuing to watch that wiggle all over the place. Same with the s p. States and municipalities stampeding to set up command centers that track every movement of the deadly pathogen. Would you believe theres actually a trade there . Coming up, we will tell you the stock at the forefront of the command center push. Its up more than 100 this quarter. You are going to see this company and the ceo is joining us live in a fox business exclusive. Cisco is actually whats pumping up the dow very much aside from some of the financial names in this final hour. The internet and Telecom Equipment stalwarts upbeat guidance rewarded with multiple price target hikes. The work from Home Movement spurring beats on both earnings and revenue, as we all rush to connect and make sure we can work from home. Cisco better by 4. 25 . Silicon valley giants have been working overtime to meet demand of the new covid19 world order. Tomorrow, dont miss my oneonone with intel chief bob swann right here on the claman countdown. How the Worlds LargestSemiconductor Maker is capitalizing on huge demand for all things tech. Thats tomorrow, 3 00 p. M. Eastern on fox business. Happy birthday so, it goes. Hold up your answers. How is mickey doing today . Youre just a really hard worker. Liz news breaking this afternoon out of new jersey. Governor phil murphy says get out the sunscreen, the famed jersey shore beaches and boardwalk will open by memorial day. He joins governors in new york, tennessee, texas and california in reopening their states even as the coronavirus still lurks and case numbers spike in texas and tennessee and a few other states. One thing they all will have, covid command centers. Domos, the publicly traded company that sets up command centers to help identify new outbreaks and snuff out the flames before they engulf entire states to the point where once theyre open, they have to close again, domos cofounder, chairman and ceo josh james, joins us now in a fox business exclusive. Welcome. Josh, you dont get on a roller coaster without a safety bar. As these states reopen, we are still seeing ups and downs when it comes to the virus curve. Tell us how you help governments set up this safety bar in the form of these command centers. Well, thats a good description. It has certainly been a roller coaster the last few months. You know, we were helping big companies, big Public Companies ceos understand the businesses like nike and target, and when they have big sales or when Christmas Shopping comes around, they need Realtime Data so when coronavirus comes, all of a sudden our pipeline drops in half, were like oh, my gosh, were like wait, we start getting phone calls from governors, can you do the same thing for us. Yeah, we actually specialize in Realtime Data so for us, that safety bar is just getting you the information, getting all that information in your hands so you can be informed and make proper decisions. Liz all right. Well, yes, and i was going to ask you, you do it for businesses, too, because there is always that sort of danger of Operational Risk when there are emergencies like hurricanes and now we see coronavirus, but give me a sense of the life and death information that you can aggregate for governors of different states, because i would imagine they need it in realtime and they need it refreshed constantly. How do you do what you do for states . By the way, folks, the dow is up 307 right now. Go ahead, josh. Yeah, so for us, when we walked into some different states like iowa, for instance, one of the challenges they were having is understanding where the Different Cases are coming from, what parts of the state, which counties are having spikes, and you dont want to get that data five days late. Who knows how much it spread in those five days so getting that information in realtime helps them to understand where to put different mobile Testing Facilities so that then they can, you know, of course just inform the citizens so that people can be more careful and cautious where they need to be where theres outbreaks. Liz youve got operations in your home state of utah, also in nebraska and iowa. As i understand it, some of the numbers are starting to rise in nebraska and iowa. Where are you gleaning or aggregating your data . Is it from the cdc, the World Health Organization . How do you get the information that they need on the ground in their particular individual counties . So when we started, we first said okay, lets lo at every public data set thats out there. At domo. Com gov, im sorry, domo. Com coronavirus, we have all the data thats publicly available and its available to anybody that wants to go to the website. And so what youre having in nebraska and iowa, when you start doing more testing, when you start getting more information, of course you will see a spike but its not because theres necessarily a spread, its just people just trying to understand whats going on out there. The thing theyre asking us the most is okay, what we really need to do is get back to work, get back to our lives, give us the data, help us understand how to do that. So then the states have asked us to kroet a bunch create a bunch tracing applications and help them understand how do they measure it and inform their employees. We have created backtowork apps so we went from helping Companies Like nike and target to helping everyone get back to work. You can find that on our website, too. Liz well, your stock is mixed today but its up more than 103 over just this quarter. Its fascinating to see and we always try and let our Business News viewers know there is a trade. There is always a trade. Im an interested to know as you look at everything and all the experience that youve had so far, is there a right way or a wrong way to reopen a state when it comes to this type of data . Yeah. Theres definitely the wrong way is to just blindly Peanut Butter across everything and say were open. The right way is to say all right, we cant spread from eastern part of our state to the western part of our state, so lets figure out where the hot spots are, and then be intelligent about the way we approach these things, and look at the data on a realtime basis. So literally, we pull data in every minute so you can be looking at data and also, you can have the machines tell you when theres a problem instead of having to have an army of people thats constantly looking at the data. The machines say hey, we have a spike in the northwestern part of our state compared to yesterday. Then you can go and start looking at all that data, making different decisions. Liz josh, i love what youre doing. Please keep us posted as you get more calls from different governors to help them set up crisis command centers, because we are in a crisis and we need command. Thank you so much. Josh james of domo. Domo. Nice performance with the stock lately. We have this breaking news just hitting the tape. Look at walt disney stock. It is spiking right now, 2. 25 after reaching an agreement with unions at Walt Disney World regarding safeguards for employees returning to work. Shares of disney, as you see, are hitting 105. 19. That is a session high on the news. But speaking of session highs, look at the dow jones industrials. We are up 311 points. All right. You think youre the only one concerned about paying your rent . With the closing bell ringing in 30 minutes, guess what . Starbucks, youre joined by starbucks. Starbucks is actually looking for a break on the rent, too. In a letter obtained by the Seattle Times the coffee giants chief operating officer is asking its landlords to lower rents for next year as it continues to deal with spillover from the covid19 crisis. Shares of starbucks are up just a fraction, but at 73. 76, youre kind of midway between the low and the high of the 52week range. Starbucks stores have mostly reopened and now nonessential construction is allowed to make a comeback in many states. Add that to the stayathome doityourself boom and you have one company primed for action. Trex and its ceo Brian Fairbanks are on deck in a fox business exclusive. Thats next on the claman countdown. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. And people you can rely on. Im a Dell Technologies advisor. Me too. Me too. Me too. And if youre a small business, were with you. We are with you. Were with you. We want to help. So well be right here. At home. Answering your calls. Providing support. And standing by you every step of the way. Bye bye. Liz ahead of the beaches and boardwalks reopening on the famed jersey shore by may 31st, starting 6 00 a. M. Monday, new jersey will allow nonessential Construction Projects to resume plus nonessential Retail Businesses will be allowed to sell goods with only Curbside Pickup but at least they can get back to action. New jerseys gradual reopening is very good news for trex which mixes recycled plastic with scrap wood to create composite decking for outdoor decks. The company said it was impacted by lower demand in april in certain parts of the country, including new jersey and new york, before reopening, but despite withdrawing 2020 guidance, year to date the stock is up 23 . Bryan fairbanks is the ceo of trex. He took over in april. Wow. Talk about baptism by fire. You take over and the first thing you got to deal with is a shutdown in many states. Ive been talking to friends who were dying to do projects in new york city, they are not allowed to just yet, but tell me what the reopening at least of new jersey to nonessential construction means to a company like yours. Yeah, absolutely. Thanks for having me on this afternoon. We just had our Earnings Announcement about a week ago and we did talk about the five main states that are an important part of our business that we have seen closures. We are seeing those states open, four of those states are opening almost completely and as you mentioned, new jersey will come back into play here in the next week or so, and theres good pentup demand in those marketplaces. We are seeing those homeowners as they are spending more time at home, finding those areas to be able to upgrade their living area and be able to do it in an inexpensive fashion and increase their low maintenance living space. Liz you know, i know its low maintenance because my decks are made of trex. No termite they will break their teeth on it, really. You really annoy the termites. Im very interested to know obviously the factors that caused you to withdraw guidance because the outlook is so murky for many different companies, but if we had to pick a stock that one would think might be hammered by the coronavirus shutdowns, yet has really defied gravity, its trex. Everything from quarter to date to month to date to year to date, you are well above your year to date earlier high. What do you think it is about the company and the stock . Sure. We are hearing two things from our investors. First, in the near term, we do have visibility to whats happening in our channels and we are seeing Strong Demand. Aside from those states where weve had some closures along the way, we have seen Strong Demand and we expect demand will come back in those states. That was incorporated in the guidance that we provided for the second quarter. But much more importantly, in looking out over the long term, the potential Value Generation by converting the very large wood market, approximately 80 of the volume of decking today is wood and we see the opportunity to convert that market to trex products. Last year we launched our enhanced product line with two Different Levels of product. One at about 2x, two times the price of wood, and another product at three times the price of wood which makes our products much more accessible to consumers. Liz yeah. And it doesnt warp. Im living proof. I have it right on the deck behind me. But let me throw a little bit of a chill into this picture. Oxford economics, we reported this earlier in the show, has said that some 15 of homeowners may miss mortgage payments. You know, youve got to foresee some foreclosures here. The airbnb culture, so many of them are being forced to sell their airbnb properties. Because they are stuck, they have no money, they dont have anybody in them. There are massive cancellations. Have you modeled for worst Case Scenario down the line . Sure. We have taken a strong look at various down turn planning scenarios. We have an advantage of we have been a very financially conservative company over the years and that allows us really to weather whatever gets thrown at us along the way. At the end of the first quarter, we had over 200 million in available credit line that we could use if things were to go in a different direction. So we are always mindful of that impact of that thats out there. Liz we are watching it very closely and it is one of those defiable stocks. I like to see this happen because its a great product. We wish you the very best, bryan. Thanks so much. Congratulations on the ceo gig at one of the most difficult of times. Thank you. Thank you. Appreciate it. Liz any time. Of course. Trex ceo bryan fairbanks. Closing bell, we are now 20 minutes away. We have a very strong dow right now. You know, just a few minutes ago we punched up about 306 points. We are up 248 right now. I said it was a knockdown, dragout between the bulls and the bears. Up next, charlie says 251yearold financial giant may be considering a merger in order to keep up with the joneses. He opened up kind of a can of worms yesterday with this news on possible Goldman Sachs picking a new partner. Now hes got more names to throw into the hat. Thats next. Make sure you check out my podcast, because i dropped a new one yesterday and it features the beekman boys. The number one thing these two guys learned when, a, they lost their jobs during the financial crisis, b, were stuck with a huge mortgage of a gigantic farm in upstate new york, and c, had a herd of goats running around. Oh, lets turn it into goat milk and become multimillionaires. Yeah. They did it. Uncertain times, we know you are facing them. So did they. Get some inspiration. Download it on apple podcasts, spotify, google, fox news podcasts. Com. New episodes every wednesday. vo since our beginning, our business has been people. And their financial wellbeing. Its evident in good times, with decisions focused on the longterm. 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. Its my own thing that i can do for me. Since i dont have time to read, i mean i might as well listen. If i want to catch up on the news, or history, or learn whats going on in the world, i can download a book and listen to it. I listen to spanish lessons sometimes to and from work. Yea, it makes me want to be better. Audible reintroduced this whole world to me. It changes your perspective. It makes you a different person. See what listening to audible can do for you. It makes you a different person. Their medicare options. Ere people go to learn about before theyre on medicare. Come on in. Youre turning 65 soon . Yep. And youre retiring at 67 . Thats the plan well, youve come to the right place. Its also a great time to learn about an aarp Medicare Supplement insurance plan, insured by Unitedhealthcare Insurance Company. Heres why. Medicare part b doesnt pay for everything. Only about 80 of your medical costs. This part is up to you. Yeah, everyones a little surprised to learn that one. A Medicare Supplement plan helps pay for some of what medicare doesnt. That could help cut down on those outofyourpocket medical costs. Call Unitedhealthcare Insurance Company today. To request this free, and very helpful, decision guide. And learn about the only Medicare Supplement plans endorsed by aarp. Selected for meeting their high standards of quality and service. This type of plan lets you say yes to any doctor or hospital that accepts medicare patients. There are no networks or referrals to worry about. Do you accept medicare patients . I sure do see . Youre able to stick with him. Like to travel . This kind of plan goes with you anywhere you travel in the country. So go ahead, spend winter somewhere warm. If youre turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. Thumbs up to that remember, the time to prepare is before you go on medicare dont wait. Get started today. Call unitedhealthcare and ask for your free decision guide. Learn more about aarp Medicare Supplement plan options and rates to fit your needs oh, and happy birthday. Or retirement. In advance. Liz Insider Trading allegations against senators burr, loeffler and feinstein are heating up. Richard burr, thats loeffler, but richard burr, republican from north carolina, has stepped down temporarily as chairman of the Senate Intelligence committee, as the fbi launches a criminal investigation confiscating his cell phone in relation to alleged Insider Selling of stocks ahead of the government putting out the worst news about coronavirus. But one senator is fighting back. Charlie gasparino has that but also the story of the day, charlie, which is of course, Goldman Sachs and you broke it on my show yesterday. Give me scoop on both of these stories. Charlie lets start with loeffler because the Goldman Sachs story which did move the markets about 600 points, we reported it last night, you know, major writethrough on it on fox business. Com this morning, hit on it on cavuto and it moved stocks up again. But i want to hit on this first because this Kelly LoefflerInsider Trading story, personally, as someone who knows a lot about Insider Trading, i feel badly for her that shes caught in this. What she did based on every fact that i know and im usually its not Insider Trading. Its not. She did not get information on the company, she got a Senate Briefing, stuff that a lot of it was out there about the coronavirus and then she sold stocks. I just dont see the Insider Trading charge there. But this whole issue is continuing to haunt her. Its hurting her campaign, its heating up, as you know richard burr, the other senator involved in selling stocks early. You know, he gave up, temporarily gave up his position, i believe, on the intelligence committee. Hes not resigning from Congress Just yet. They all deny that they have done anything wrong but its definitely hurting them. Heres what we know. Officials for both loeffler and her husband, remember, her husband is the head of the New York Stock Exchange, the chairman of it, jeff sprecker who basically owns the Holding Company for the New York Stock Exchange known as the intercontinental exchange, that press officials for both wont say if they have received any sort of contact from the doj and s. E. C. And we do know the doj and s. E. C. Is looking at it so just the whiff of this could really hurt people, and i am telling you, liz, the facts dont show much Insider Trading here. That said, theres obviously an investigation. We should point out that loeffler tells fox business while she wont comment on whether shes been contacted by the s. E. C. Or doj, looking at these congressional stock sales, she does tell fox business she hasnt received a search warrant. I believe mr. Burr has received a search warrant to see the Electronic Communications he made prior to stock sales, after his stock sales, to try to create a show a pattern of whether he might have committed Insider Trading or done something illegal. Again, loefflers people tell me she hasnt received that and what we have reported earlier in the week, as you know, i think exclusively on your show, is that she is thinking about going to the s. E. C. And saying heres the evidence, tell me if i did anything wrong because shes pretty certain she didnt, and looking for an exoneration. That would be a very heavy lift. The s. E. C. And other regulators generally dont do that. But again, im telling you, i look at facts and circumstances. You know, the Senate Briefing wasnt exactly a briefing that told you anything so dramatic about the coronavirus. It looks bad, but its not i just dont see the case here. Be that as it may, her career, political career, remember, they chose her for that Georgia Senate seat because jeff spreckers firm, jeff is a native of georgia, his firm is headquartered in georgia, hes a citizen, they thought she would get suburban women vote and she had money. It doesnt look like thats working out right now. Now, in terms of Goldman Sachs, liz, i can only tell you this. They have had conversations with banks over the last couple years, particularly this year, u. S. Bancorp, i hear they have had conversations for some sort of merger. They are smaller now than ever before. Their Business Model is weak because they cant keep proprietary trading so they have to the theory is they have to do something. The names that are out there that goldman may be looking at, you know, teaming up with, and im getting this from senior banking sources, obviously u. S. Bancorp, they have spoken with them. Thats in the mix. But wells fargo, which needs a merger partner as well. They need to compete against jpmorgan. Other names are blackrock, pnc. Those are the types of companies that we keep hearing that they are talking about and they are thinking of merging with, or at least having talks with. Most of these talks, even with u. S. Ban tl cocorp, get bogged because goldman is smaller yet they want to run it. Usually the bank wont let that happen. Liz hey, charlie, charlie, let me you will be happy that im interrupting you, charlie. Hold on, hold on, hold on. Charlie, charlie, charlie. You will be happy im interrupting you. The dow is hitting a new session high on the banner that you have that says that your sources are saying President Trump and his regulators might very well give this regulatory approval. I just wanted to let you know that. We are now up 340 points. Charlie that is the betting among bankers that, you know, listen, theoretically, this, meaning the wells fargo deal, the other deals could happen, but this meaning wells fargo, wells fargo got involved in a scandal. It has caps on how much it could grow and buy stuff. The thinking is that in the trump administration, throw that out. If this deal makes sense economically, they will figure out a way to approve it or get the fed to approve it. I think its the fed that has to approve it. Thats the thinking. I dont think thats pie in the sky thinking. I think thats real thinking. Again, all those banks that we spoke to had no comment. Goldman had no comment. But deal fever aniis in the aird thats pushing markets up right now. Back to you. Liz umhum. Yeah. Having all kinds of technical difficulties. Im moving my hair. Its okay. All good, charlie. Now we do have close to session highs with the dow up 336. These home studios. Ahead of coronavirus, never mind. Our countdown closer thinks black gold and real gold are the perfect pair for your portfolio. Wait until you hear how high she says both commodities are about to go and when they will hit these levels. The claman countdown is coming right back. Liz well, remember as soon as coronavirus hit you had Stores Like Walmart and kroger and home depot giving out bonuses . Kroger will end its hero bonuses on may 17th essential employees were getting extra 2 an hour. They hired 100,000 people and increased wages to 15 an hour. We do have kroger stock down about 3 1 2 but it has been a winner win certainly when it comes to sales as people go to the Grocery Store to shelter in in place. Tesla has a new warning for employees who thought they might be frightened to go back to work. The stock is up 1 1 2 . Cheryl casone has some news that may get some people down on tesla. Liz, it is interesting. Hr chief valerie workman, are called back in and decide to stay home could lose Unemployment Benefits. The carmaker resumed production at fremont, california plant in defiance of health officials. Work mann says if you come back, you will not be on furlough. You would lose your Unemployment Benefits from your government agency. President trump weighed in. He supported musks defiance with almeida county. The stock send it back to you, the stock up almost 1 1 2 . The elon musk tesla sawing goo continues. Liz . Liz oh, and a saga it is. Always exciting moments over at tesla. Thank you so much, cheryl. We want to show our viewers gold and brent crude. Okay, brent is what trades overseas, right now, you are looking at brent up 6 . West texas intermediate which is oil that trades here, is also jumping pretty significantly in the aftermarket. Gold is up 23 or 1 1 3 . Where are the commodities heading . At least for crude it has been all over the place . That is the question we posed to ubs senior Portfolio Manager katrina zimmerman. Where do you think the targets and are headed . Thanks for having me on the show. This is very interesting time for both commodities especially for gold because it is starting really strong. Just as covid19, just, they are in this situation started developing we saw immediately gold rise. That was followed by a pretty rapid, there were reasons for this. There were margin calls. There was liquidating issues with the u. S. Dollar. As a result of this there is was a selloff, we see that safe haven approach to gold coming back. Investors feel more comfortable getting back into the asset class. It is not unique. We have seen very similar situation in the financial crisis. So coming back to your question liz gold is at 1739 per ounce. Youre calling for 1800 an ounce by june. For oil, were looking at 32 per barrel by september. That is what you say. By the way were hitting session highs. I get a little worried about crude especially considering it was negative recently . [closing bell rings] im sorry. Because were having technical difficulties i cant figure out anything at the moment. I know one thing, that is the closing bell. Markets closing at session highs. A gain of 378. Folks this is a 700 point swing for the dow today. Time for after the bell. Melissa hopes for a possible treatment sparking a turn around on wall street. The dow turning positive after President Trump revealed he believes the country may a vaccine by the end of the year. Im melissa francis. Connell im connell mcshane. Welcome, everybody, to after the bell. It was quite a session on wall street as the stock market was able to reverse loss, steep early loss and end up around session highs firmly in the green. Well talk about it with fox Business Team coverage