Points. But as more people go back to work, could the sudden tech spending boom that was triggered by the workfromhome movement, could it disappear as quickly as it began . Chairman and ceo of adobe, this is a Favorite Software company of small and medium sized businesses, he is here, first on fox business, on whether we all kind of borrowed from future tech spending to ramp up connectivity and what it might do to tech stocks coming up. With the memorial day holiday soon upon us, will americans give us that once in a lifetime visit to europe or somewhere else for a Summer Vacation closer to home . The ceo of the Worlds Largest travel Marketing Company says one hotel in particular thats announced it will reopen is proving to be the biggest vote of confidence the nation could get. Which hotel and where it is, coming up. Plus, Hedge Fund Hot dogs, pandemic rebound stocks and charlie breaks it on directvs future at at t. Less than an hour to the closing bell, lets start the claman countdown. Liz i want to get you guys this breaking news. We are being told that about a half an hour from now, two suspects will appear before a judge on charles they were the ones who helped mastermind and pull off the escape of former nissan boss carlos ghosn from house arrest in japan. The u. S. Arrested former special forces soldier Michael Taylor and his son peter taylor in massachusetts after the japanese government requested their extradition. Ghosn, you may remember, fled japan for lebanon in december after being accused of hiding income to avoid tax payments. Ghosn considered a giant of the Auto Industry, faced trial on multiple charges but said he pulled off the daring escape because he felt he could not get a fair trial in japan. So as soon as we see that, maybe during after the bell we will get that to you. Target, lets get to target. Some of these stocks that are popping right now. They hit the earnings bulls eye albeit with a slightly dented start. The retail giant reported better than expected Quarterly Results but half a billion dollar cost of keeping facilities safe and clean that they had to spend for customers, employees, did take a toll. Net profit plunged so you do have the stock popping but in the opposite direction, down about 3 right now. That news follows walmart revealing its cleaning expenses tallied 900 million. That also took a toll on earnings, even as Online Grocery sales surged to a record. Looking at walmart stock, we know that walmart has been a real winner during this move over the past couple of months. Lets get to lowes. Lowes stock is on the move, even after both profit and sales surpassed estimates as the Home Improvement retailer said it expects sales to slow down in the Current Quarter and going forward. So the stock is down about. 33 . Rival home depot missed quarterly profit estimates yesterday. Urban outfitters, lets check that out. After the clothing retailer reported a record drop in same store sales for the april quarter, whats going on here, why is the stock down 8 . Well, wall street rushed in to rachet down price targets for the free people brand owner. The medium price target is now at 17. Right now, we are looking at 16. 51. Got a little bit of room to the upside to move. Lets talk about luckin coffee. Have you been following this story . We have here on the claman countdown. It is now dropping to a record low, down 37 after shares resumed trading today. Its the first time they have been allowed to trade since april 7th, since being halted. The chinese coffee chain is sort of the chinese version of starbucks, the first stock to appear to become a casualty of the Trump Administration tightening the noose on chinese american depositary receipts with accounting transparency rules, plus there is speculation starbucks may buy luckins assets. The problem originally with luckin was that two top executives who have since been fired are accused of falsifying about 300 million in coffee sales and numbers. Amazon, lets look at amazon. Amazon hitting a record high right now. It is up 41. This is the tenyear chart showing that had you bought it a decade ago, you would be up 1,899 . Amazon stock stands at 2491. 27 because you know, you need the 27 cents. Amazon also happens to be the top stock that hedge funds scooped up over the past several months. Pretty good call considering it outperformed throughout these very rough first five months of 2020. What else do the hedgeies snack on . After analyzing Stock Holdings of 342 hedge funds, royal bank of canada, rbc, found that some usual suspects including microsoft, facebook, alphabet and netflix, were on the list but we decided to dig a little bit more deeply and find some of the more unusual Hedge Fund Hot dogs on rbcs list. Fidelity National Information services, charter communications, biogen, abbvie, lot of health care focus stocks along with merck and United Health group. Very interesting. And throw in salesforce along with jnj and bristolmyers squi squibb. Which of these names has the best shot at remaining a hot dog in the second half of the year and which might become moldy leftovers . To the floor show. Teddy weisberg and phil flynn. Some of the health care names really have a shot at staying Hedge Fund Hot dogs and beyond that. I think so. Theres a reason for that. Its hard for me to get into individual names because we own some of those names and have owned them for awhile. Bristolmyers in particular. Im always happy, Misery Loves Company so im happy when i see other folks that like the same stocks that we like but stocks like facebook, bristol, merck, johnson johnson, these are all names that were long. We have been long. I can understand why they want to own them because this is where the earnings are, this is where the growth is, this is where you have pristine balance sheets, decent dividends that probably are not in jeopardy, if anything, might even get raised. So i support their action and clearly, we live in the same sandbox they do. Liz you know, im looking at it, we have you on the screen, then we have right under you, hot dog or moldy leftovers. We want to be clear. Teddy is a hot dog. Hes not moldy leftovers. I know from moldy leftovers in my fridge. Phil flynn, give me your thought of which ones of these names are really destined to hold on to some strength in the third and Fourth Quarters . After following teddy, i feel like a moldy leftover. Let me tell you that. I like clorox, because it kills mold and mildew, right . This is a stock that has done fantastic and look at how much money these companies spend to clean their stores to make sure people feel safe, to make their employees feel safe. Clorox, of course, makes the brands that do exactly that. The hand wipes that are in every store and its probably going to continue to be for some time, and they will all only expand their market share. There was a time just a few weeks ago you couldnt find clorox Hand Sanitizers, the wipes. They are going to do very well. That one is going to stay. Mold and mildew killed, its going to keep on going there. So are the other ones. The ones that arent on that list that i think should be put on the list, because i think they will get hot, as we start to come out of this, i like the restaurant stocks that have been beaten up so bad. Darden restaurants, for example, i think that stock is really going to turn around because they have taken a big hit. But i think people are going to want to get back to restaurants. As long as they have some clorox wipes at the door, people will want to eat again. Thats going to come down, you know, fidelity, i like. I dont know about biogen, i dont know, im not hearing a lot of exciting things. I dont like the chart action. They look a little moldy to me right now. But unless you can, you know, cure covid19 with mold, maybe they would be okay. Right now, im not happy about biogen. Liz i just worry about, yeah, the restaurants, i worry about because those will be tough costs year over year, even if they reopen. They will look at diminished space, people doing social distancing, fewer customers, maybe smaller tickets. Teddy, phil, thank you. You are both hot dogs and pizza to me. Come on. No mold. A little bit of fur but you can cut that off. Green fur. Disgusting. I know from that. All right. Tech. Tech has been such a winner this first half of 2020. For example, adobes market cap actually jumped 12 billion between february 29th and now, but what does adobes ceo, the king of software, see for both adobe and the entire sector for the second half . He joins me first on fox business in just a few minutes. 50 minutes before the closing bell rings. United clean plus, taking flight. Phil was just talking about clorox wipes. There is a new partnership between united airlines, clorox and the cleveland clinic. Talk about a trifecta here. This is clearly an effort to make both crew and passengers feel safer with enhanced cleaning and social distancing measures, at both the gates and on board the planes. Ual stock up 4. 5 . Clorox up another 1 to 203. 86 a share. But are travelers even ready to get on a plane and fly to faroff hotels and resorts . One of the most Famous Hotels in the world thinks yes, we are going to tell you who it is and why june 1st will be a historic day for it and why the ceo of Global Travel giant mmgy says that hotels move is the biggest vote of confidence yet for the entire nations Summer Travel season. Dow jones industrials up 347 points. Well be right back. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Liz all right. You may not be ready to fly to venice, italy but guess what . Hallelujah, you will be able to at least fly to the Venetian Hotel in las vegas. Good second, right . The gambling mecca taking a vegassized step toward opening its doors to visitors once again. The venetian is now accepting reservations for guests to arrive on june 1st. The Parent Company is Las Vegas Sands which, by the way, is up 3. 7 right now. They say the casinos, restaurants, pools, shops, all of it will be open. Every state in the country, thats partly why we are seeing a nice rally today, now taking steps toward reopening beaches and parks and businesses. [ inaudible ] Summer Vacation or even a car. Makes you wonder. Clayton reed is the man at the helm of the Worlds Largest travel Marketing Company, mmgy global. Clayton, forget the plane. How about even drive . For the first time in 20 years, aaa will not be putting out its famed Memorial Day Travel forecast. They are blaming the pan dem you can pandemic but what does that tell a marketing guru like you . I think its really important to talk about travel in this context because its going to be so important to how the economy recovers. I think its hard for aaa to gauge what this Memorial Day Travel will look like mostly because i think a lot of it is going to be inside communities themselves. You are going to have, just to give you some context, last memorial day, 43 million americans traveled, they spent over 12 billion in basically three days. I think that pattern is going to be quite a bit different this year. Of course, far fewer people will travel. The low point of the last ten years was 2009 coming out of the recession with 31 Million People taking to the roads. This year, its going to look more like people going into their own communities or only driving a couple hours away. You also have to think about the fact that a lot of capacity is still not back online yet. Over 51, sorry, excuse me, 31 hotels in the u. S. Are still closed and you have capacity concerns so restaurants can only serve so many people. Traffic will be maybe reduced capacity. So spending will be far less. But i will tell you we are seeing in our own sentiment survey, there is a ton of pentup demand. People are ready to get out of their homes and we do think there will be a lot of people on the roads this memorial day, just in a little bit of a different way. Liz tell me how important the venetian news is to someone like you. They are a bellwether for gaming. They are opening. They are going to open a vast majority of what they are doing. You did a study earlier on united and clorox. They are launching venetian clean. They understand the optics of security and safety but they understand people want to come in and enjoy the casino. I think when you have a bellwether like that in las vegas, where you think about mass crowds and scale, that tells you a lot. I dont believe the venetian or anyone else would be opening up, Carnival Cruise lines is going to cruise in august, unless there was demand. We are definitely seeing a pickup in demand. The Hotel Industry is looking at 8 , 9 occupancy in early april. We see that ticking up into the 30s now. Its growing quickly and we have even seen hotels on beach locations in california and florida run 80 or 90 occupancies. I just this morning heard from an Industry Expert that said there are resorts in colorado that were sold out for last weekend. So there are demand pockets for sure. That doesnt solve the problem you basically have in travel but it is coming back. Liz clayton, one of the first things that went as soon as everything shut down were Marketing Budgets. Travel and leisure obviously were going to say forget it. That would be like wasted money going down the toilet because were closed. Are you starting to see Marketing Budgets come back . I can tell you, working at any network, our biggest marketing buys from different customers would be the Auto Industry and travel and leisure and the cruise lines, obviously. But they just shut down. So whats happening there . Do you start to see those Marketing Budgets perk up once again . Yeah, 100 right. First i was surprised at how quickly travel stopped and marketers quickly stopped their own communication. Search marketing has still gone on in a small way, some p. R. Crisis communication, little bit of social marketing has gone on, just to keep travelers aware of what brands are thinking and when they might be open again but we are starting to see that pick up as well. Early on we saw Industry Leaders like the city of las vegas run hopeful campaigns talking about empathy for the situation. You have seen a number of brands do that. I think we are starting to pivot now to travel suppliers talking about the actual travel itself. When you hear Airline Executives like gary kelley at southwest talk about demand picking up and you see southwest now sending out offers on a regular cadence now to get people back into planes, and i will say, you know, a lot of this early marketing is going to be inducement based so you will see low fares, low rates. We know coming out of any kind of crisis, whether it be a health crisis, even a recession, value inducements or lower fares are often the way the industry drives recovery. Liz well, finally, theres got to be a loser in all of this, because we know that as people decide to come back and whether its staycations or nearby hotels and budget names, who loses out . Is it fair to say that if we were to look at the eiffel tower glittering in all of its glory, are people going to go to paris or just paris hotel in vegas . Yeah. We study this every other week. We talk to travelers with the u. S. Travel association, we talk to travelers every other week and gauge this idea about what they want to do. The winners early on are going to be leisure focused and value focused brands that are primarily looking at drive travel. We know from our most recent study that 72 of travelers feel safest in their car. They want to be in a controlled environment and they are looking as i said earlier for value. So expect winners to be ultralow Cost Carriers like frontier, spirit, southwest. Look for Economy Hotel chains to do well. The losers early on, maybe not losers but people that are going to struggle are Long Haul International carriers because not only is there not a lot of leisure intent right now but a lot of revenue for the airlines is coming from front of the bus, first class and premium fares passengers on the corporate side of travel, who are certainly going to be several quarters of laggards in terms of travel. Thats also very hard for airlines in particular. Liz clayton, great to see you. Thank you so much. Clayton reid. Up next, notre dames reopening plan. Youre starting to see a whole bunch of colleges follow what they just announced. We are coming right back. vo our communities need help like never before and wells fargo employees are assisting millions of customers across america through fee waivers and payment deferrals, helping people stay in their homes through mortgage Payment Relief efforts and donating 175 Million Dollars to help hundreds of local organizations provide food and other critical needs. When you need us, wells fargo is here to help. 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. Liz as College Students and parents around the nation wait with baited breath to hear if universities will open in the fall or stay online, the university of notre dame made a bold move as to when inperson classes will resume. As soon as they announced the timing and structure, several others appeared to follow their lead. The south bend, Indiana University known for its famed fighting Irish Football Team is ready to take on the pandemic with a very pointed plan. To grady trimble, who is in south bend with more on this. Pretty interesting. I like the plan. Reporter yeah, liz. Notre dame will start its semester two weeks earlier than it had originally planned in order to end the semester before thanksgiving. And when students return, they will notice several changes here on campus. There will be a testing protocol in place, if a student or faculty member tests positive, there will be quarantine facilities for them. There will also be mask requirements and a Contact Tracing plan in place. Several other universities also plan to resume inperson classes in the fall, including the university of south carolina, university of north carolina, another Indiana University, purdue, as well as all public universities in the state of florida. Of course, right now, there arent too many students here on campus but all of the students we talked to say its worth it to make all of these changes in order to reopen this campus and get students back to inperson classes. I think its what you have to do. It just makes sense in my mind to keep people safe. It is a hassle, yes, but its part of what we should be doing to make sure everyone stays safe and healthy. Reporter of course, resuming classes is as much a financial decision as it is an academic decision. Some Analysts Expect enrollment to drop by as much as 15 this fall and that would result in a 23 billion revenue loss at colleges and universities across the country. But a moodys analyst recently said if University Campuses can reopen in time for the next academic year, the effect on demand and budgets will be more manageable. Another huge revenue stream for colleges like this one in south bend, indiana, is of Course College sports. We still do not know whether the fighting irish will take to the gridiron come fall. That is something i think a lot of people are hoping for. Liz . Liz i would think. That just means i have to rent the movie rudy again. And again. Because its so good. If you cant get notre dame football, you can at least watch rudy. Good to see you. Thank you very much. Grady trimble in south bend, indiana. Closing bell, we are about 30 minutes away from hearing it. The dow staying at pretty decent heights. The s p climbing 50. The zuckerberg empire outlining its grand reopening plans for office staff but its the social networks breach of amazon waters that has shares of facebook hitting alltime highs. Facebook shop now will allow Small Business owners to set up digital storefronts on facebook and instagram. Facebook shares jumping 6. 25 to 230. 50 a share. Shopping, working, learning and playing from home explosion literally blowing up big tech nand demand in a good way. First on fox business, adobe chairman and Ceo Shantanu Narayen is here on whether reopening could threaten silicon valleys titans and their stocks in a way no one really saw coming. Well be right back. 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. Will it be familiar streets . Or perhaps unknown roads . Wherever you may go, lexus will welcome you back with exceptional offers. Find a lexus for every road at lexus. Com. No payments for up to 90 days on all 2020 lexus models. Experience amazing at your lexus dealer. Many of lifes moments in thare being put on hold. Are staying at home, at carvana, we understand that, for some, getting a car just cant wait. To help, were giving our customers up to 90 days to make their first payment. Shop online from the comfort of your couch, and get your car with touchless delivery to keep you safe. And for even Greater Peace of mind, all carvana cars come with a sevenday return policy. So, if you need to keep moving, were here for you. At carvana the safer way to buy a car. Liz okay. Since you asked, its time for a behind the scenes tour of countdown new jersey bureau. We have the big screens, this is my backdrop. How do we get the picture of my set there . We put it through and route it through this ipad. Then, dont mind my floor director. Come over here, you can see that ipad is feeding a bunch of information through to some of these screens below such as the ticker and all kinds of information i may need. This is our primary camera. Heres the backup camera. You got to have backups to your backups. Then this, this is called a live view. Extremely important. This is how we broadcast the actual show out to your television set. Liz yeah. Umhum. We got the postits. This is very high tech. Very high tech. Between fox and my household, both sides spent some serious coin setting all of this up. But will spending on technology that all companies did pretty much at the start of the pandemic come at a cost for the tech sector, particularly since Research FirmGartner Group predicts spending will drop 8 yo year over year . Adobe, a favorite of small and midsized businesses, has seen a 30 spike in its stock since march 23rd. Lets bring in the og of silicon valley, adobe ceo and president , shantanu narayen. Shantanu, wonderful to see you. First on fox business, im glad youre here. We just showed the Technology Spend here in the claman household but for the past couple months, Many Companies have been doing this. The question is, overall, did they borrow from the third and Fourth Quarter to make it through this quarter current and then the previous quarter . What are you seeing at the overall 30,000 feet picture . Well, first, its great to be back on your show. Admittedly in different circumstances than i was the last time. But i think to your point, what really happened with all the corporations was they first said how do we make sure that our key intellectual property employees such as yourself are really as productive as they can be. So i think the focus on employees really resulted in a lot of Enterprise Software companies as well as Consumer Companies ensure they invested in making sure employees could be productive at home. I think moving forward, the second priority would typically be about their customers and how can they engage with their customers digitally. So i would say that it was probably a difference in what was the priority in terms of the i. T. Spend and i think you will continue to see it and its certainly our belief that spending on engaging with consumers and customers once your spend on internal employee productivity is over, will be the priority for most companies. Liz your products are very much loved and used by small and midsized businesses. I know you are in a quiet period but can you give us general feeling of what they have been saying overall . Well, first, i think we are very fortunate in that we have such broad portfolio of companies. When you think about the three initiatives that we are focused on, helping people be creative, the importance of media has never been greater, thinking about how you accelerate document productivity and ensure that you can have all digital work flows, and then thinking about powering digital businesses. I think to your point, you know, the consumers were staying at home as long as there are products that helped them be creative and productive. That is a spend that people will continue to see. At the other end of the spectrum, enterprises will want to engage with their customers. There are a number of them for whom, however, Financial Stability is top of mind right now and they are focused on cash flow and frankly, survival. But you are right in that the midsection, the small and Medium Business and their ability to go digital right off the bat and be as resilient is probably the sector that is going to be the most impacted. Liz yeah. I would think. But again, as youre looking to whats going on with actual spending and tech budgets, they are usually pretty cyclical. Would you think that overall, they have blown that budget for at least a couple of quarters . Well, i think for most corporations, this notion of first taking care of employees, then worry about their Financial Stability, you know, can they afford the employees that they have, how to make sure for the stimulus packages that are available, how do they get access to that. For the companies for whom Financial Stability is top of mind, they are really focused on that. Then i think as they all recognize that this is going to be the new normal, they will have to prioritize much like adobe did. Whats the spending thats most critical and how do they make sure they take whatever dollars they have and focus on that most critical spend. So i think in that sense, engaging over mobile devices, ensuring that you have a Digital Commerce presence, ensuring that you can provide personalized experience the way you maybe did in a physical store, for those who are engaging with you digitally, i think that is going to be the priority. Some companies are going to be able because they have the skills to move to that i cquick. For others its going to be a priority but probably a slower ramp as they navigate this new reality. Liz one of the new realities is certainly what we have seen as far as Online Shopping is concerned. I love the adobe digital economic index that you guys have put together, because it shows that we talked about this a week ago, the one thing that jumped literally 143 from march to april was spending on pajamas, Online Grocery up 110 . We are all kind of hanging out, eating and wearing pajamas. But the buy onlike pickup in store, up 208 . Any other trends you guys are seepin seeing . We are really fortunate with Adobe Analytics and what we have done in terms of helping every business with their modern Digital Infrastructure of engaging with customers, we have this unique pulse and in conjunction with Artificial Intelligence framework that we have, we are able to provide insight on the aggregate level as you have seen through the Digital Index reports that we are providing that used to be the Holiday Shopping as well, but we recognize that digital is increasingly the hub of whats happening in the economy. But then we are also able to provide particular specialized insight to our customers. So we are fortunate in both of those. In addition to the things that you mentioned i guess with everybody doing virtual video conferencing, sweaters and tee shirts are being sold but pajamas i guesswork for these new breed of video conferencing. But creating a commerce site, that is again been the focus and before i came on the air, i know you were talking about education. I think whats happening with the focus on online education, we were really thrilled we were able to provision approximately 30 Million People with Creative Cloud so they can use it from home. I think whats going to happen in telemedicine. This is going to be an Inflection Point for some industries and theres no looking back. I think we all have known digital is this macro trend thats not going away. I think you are going to see an urgency in people having to react to it. Liz yeah. I think youre right. You are at the forefront when it comes to software. Shantanu, great to see you. Thank you so much. You mentioned education. Im so glad you brought that up. Friday, we have cahn academy who everybody who has kids has been going on. Its free, amazing, its great for online education. Stay tuned for that. Good to see you, shantanu. Closing bell ringing in 18 minutes. Dow jones industrials still with that nice triple digit gain that starts with a 3 followed by a 73. We are up, well, make that 376 points. Victorias secret parent l brands about to release its First Quarter earnings or call it report. We dont know, after the bell. But after its failed attempt to sell the fabled brand, are its angels ready to fly again . And speaking of flying, while youre building wings in flight, my latest episode of everyone talks to liz podcast features cindy miller. When an incredible story. She went from driving a ups truck to scaling career mountains. She became the ceo of the nations leading Health Weight management company, stair cycle. What about in between . What did she do to get to that point . Youve got to hear this musthear story. Find it on apple, google, spotify, fox news podcasts. Com. Let me know what you think. Usaa was made for right now. And right now, is a time for action. So, for a second time were giving members a credit on their auto insurance. Because its the right thing to do. Were also giving Payment Relief options to eligible members so they can take care of things like groceries before they worry about their insurance or credit card bills. Right now is the time to take care of what matters most. Like weve done together, so many times before. Discover all the ways were helping members at usaa. Com coronavirus discover all the ways were helping members 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. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Liz l brands is near the bottom of the s p 500 as we have about 12 minutes left to trade here. Investors are awaiting First Quarter results after bell. The stocks down about 2. 25 . We do have interim ceo stuart b bergdorfer saying the company is not looking for a new buyer after its iconic victorias secret division after the last buyer turned tail and ran away. That was a pretty big shock. Cheryl it was, sycamore. Hey, there. There is a report after the bell like you said, head winds from the coronavirus expected to be strong for the owner of victorias secret and Bath Body Works. Earnings expected to come in at a loss, 70 cents a share. Revenue expected at 1. 74 billion but that estimate would be a 30 jump lower from a year ago, fall, i guess i should say. L brands recently agreed to sell a majority stake in victorias secret to sycamore partners. That was back in february but that deal recently terminated so guidance on how they are going to move forward in the wake of that is going to be interesting, especially when it comes to the real estate. The stock is down more than 2. 5 . The stores were closed in march due to the coronavirus, comparable sales at victorias secret were down 10 year over year and that last quarter, Bath Body Works was up 11 in the same period. Kind of a tale of two companies. Margins have been shrinking, competitors like American Eagle are giving them a run for their money because they sell and market to women of all shapes and sizes. Victorias secret has always been famous for those stickthin models in diamond bras on the runway. The brick and mortar locations are going to be a focus for both brands during the pandemic. One bright spot, it could be online. We have already seen this week from target, walmart, even home depot, they showed Strong Performance in online sales. Also there will be staffing reductions brought on by the pandemic. At the headquarters, administrative staff, we dont know. L brands is sitting on 5. 5 billion in debt. Yeah, the sycamore story was a little bit sickening, i think, for victorias secret as a whole, to your point. Liz i will say that when there was a rush on Hand Sanitizer in the early days of the pandemic, i went straight to bed, bath beyonds website and bought their Hand Sanitizer. So i walked around smelling like a vanilla palm tree. Cheryl of course you did. Liz cinnamon love. But it worked. Cheryl, thank you very much. Cheryl ka casone. We have ten minutes left and are holding on to 339 points of gain. High of the session on the dow, a gain of 342. Todays countdown closer has what he says are the best coronavirus rebound picks you havent heard of. Thats straight ahead on the claman countdown. What happened daddy . Well, see this handsome man, his name was william. And william fell in love with rose and they had a kid. His name was charles and charles met martha. Isnt she pretty . Yeah. Did you know that americans that bought gold in 2005 quadrupled their money by 2012 . And even now many experts predict the next gold rush is just beginning. So dont wait another day physical coins are easy to buy and sell and one of the best ways to protect your life savings from the next financial meltdown. [announcer] today u. S. Money reserve announces the Immediate Release of Us Government issued 1 10 ounce gold American Eagle coins for the incredible price shown on your screen. These gold American Eagles are minted at the United States mint,. For the incredible price shown on your screen. These governmentissued gold coins are official us legal tender made from solid gold mined right here in america and fully backed by the United States government for their gold weight purity and content. 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Liz, im going to get into that in a minute but i do have some interesting news on reopening of banks in new york city and at least bringing back, theyre still open as you know, bringing back people to the new york city offices. This has always been a moving target and it is still a moving target and we also have reported in the past there is consensus. These banks are generally talking to each other about that reopening much the consensus had been later in the summer, august, september, bringing back people to new york offices. What im hearing now, that is being moved up. That the general consensus and it is unofficial and could change as covid data changes. Obviously changes for the worse it could go back. The growing consensus they will start bringing people back to the offices around june or july. So that move, so thats, from the new york banks, talking about citigroup, morgan stanley, jpmorgan, goldman, you name them. Why is it important . They are huge employers in new york city. Usually people take their cues from the big banks. If theyre coming back other major businesses will come back. Because of the data, the data is bet as you know, flattening of the curve clearly begun, lot less cases of covid, banks are feeling better people back earlier. They are not going to bring back everybody. Remember they bring them in slowly, will be june, july. Lets get to at t and directv. As we reported earlier and i got some new details on this. Basically, this is it. The changing economics of the broadcast industry, satellite tv has not been doing very well, this coronavirus, covid pandemic sort of expedited people cutting their ties with satellite and cutting cord completely as well, cutting cable subscriptions. Satellite tv took a even bigger hit. At t taking a major hit on directv, losing subs at a very high clip and what bankers are saying this is something, selling directv, is something that at t will explore in the future if theyre not exploring right now. When i say future, in the weeks as opposed to years away. Directv has not done this in the past. They backed off this. They have been pitched by bankers and backed off. What bankers are saying now the economics are making this a much more difficult to hold on to. It costs a lot of money. It has tremendous amount of debt. The real problem at t will have, liz, finding someone who will buy it. There is clearly not going to make as much money i believe they purchased this thing in 2016 t was tens of billions of dollars. They will not get that price. What i think will happen here, bankers are saying some creative way to spin it out, maybe merge it with charlie ergens dish as separate company which gives at t some money and flexibility around debt. They can get rid of some of the debt. As you know at t needs massive amounts of money at 5g buildout. Theyre still integrating time warner. This company has a lot on its plate. It doesnt need this albatross at least what bankers are saying. We should point out at t has no comment. Liz, back to you. Liz dish is up 5. 8 . At t up 2. 1 . Good scoop, charlie. Yeah. Liz hearing about reopening of stocks that could benefit from the covid19 pandemic finally dying down but our next countdown closer guest has three travel names. George young is here with three names he says should be in your portfolio right now. Two of these are pretty wellknown, stryker and j. B. Hunt. Talk about First Hawaiian bank stock that would be a popular stock for people . Hawaii economy based on military spending or tourism. Not anybody going to hawaii anytime soon for tourism but they will in course. The slow and steady is military spending that is a good chunk of hawaiis economy. Coupled with management in place for years. Have extremely good experience how to deal with loans. They have a great business clientele. They dont have that many Construction Loans out there. It is more housing. That is something people will pay off first as housing, will be forbearance this is bank managed. I think you will be able to make some good money with this bank. Liz were looking at stryker. That is pretty obvious. They make hospital beds. Weve known that lesser surgeries have been put off like knee and shoulder replacement. So that is opportunity there. Dont call elective surgery, people that need shoulder replacement think of that as elective surgeries. But theyre not emergency room surgeries. Shoulder replacements. Hip reimas, that is all getting done when it is quote, safe to get back in the hospital. Ortohpeds are set to do them i promise. Liz great to see you, george young, two billion dollarville fund. [closing bell rings] liz for now were jumping all over the closing bell with green on the screen. The dow closings up 368. S p gaining 48. Melissa all right. We love it. Recovery hopes sparking a rally on wall street as President Trump prepares to sit down with the governors of arkansas and kansas. Im melissa francis. Connell im connell mcshane. Good to be here with you on after the bell. Major averages surging into the close up more than 1 1 2 or more. 2 plus in the case of nasdaq. The headline, at least, partial reopening for all 50 states when it comes to their economies, all 50, now at least partially reopened. Well cover it all with fox Business Team coverage of our top stories. Blake burman has the latest from the president. Lauren simonetti watching that Market Action for