Record death tolls. Florida, texas, South Carolina have flipped roles with new york which back in march was the covid capital of the world. One of the new york stars of the netflix dockuseries pandemic is here. Hes responsible for the Pandemic Response for all of new york citys hospitals. She will tell us what lessons she learned during the darkest moments and how overwhelmed hospitals in the new hot spots can gain control. Speaking of netflix, the streaming media leader Tiger King Crown a bit dented while shares are up off session lows. Its guidance disappointed investors. What does the first of the fangs to report in the covid quarter portend for Big Tech Companies that are supposed to report next week . Tesla and microsoft among them. Famed tech analyst dan ives knows both of those names implicitly. Hes calculating the numbers and hes here live to tip you off ahead of the big reveal. Plus, the famed sportswriter who is now saying me too as the Washington Redskins deal with revelations of Sexual Harassment. White house power players now responding to Charlie Gasparinos report right here yesterday that theres an epic battle going on between trumps money men and what would warren buffer fet buffett do when it comes to investing around covid headlines . Lets start the claman countdown. Liz we have this breaking news. Fox news is reporting that the man arrested this morning for the grisly murder and dismemberment of young tech ceo is expected to be arraigned in a new york state courthouse at any moment. Sources say salehs former personal assistant tyrese devin haspill will be charged with Second Degree murder and other crimes. They believe the murder stems from saleh having discovered haspill stole 90,000 from him. The nypd has not confirmed the arrest so far. New york city is very shaken up over the crime which left a 33yearold victim decapitated and dismembered in his 2. 25 million manhattan apartment on monday. We are following that story. Any headlines out of it, we will let you know. Check the dow, down 48 points. Over to pop stocks, a onetwo punch for netflix in this final hour of trade. The streaming giant is the biggest laggard on both the s p and the nasdaq as Third QuarterGlobal Subscriber growth estimates of 2. 5 million wildly missed street estimates of five million. The stock, down 6. 9 , stands at 490. That is off the lows. Netflix and the creator of its hit show stranger things, heres the two of the onetwo punch, are also being sued for Copyright Infringement by the writer of an unpublished script called totem. Netflix says its a farfetched Conspiracy Theory but what theories are forming for next weeks big names, tesla and microsoft . One of wall streets most closely followed tech analysts, dan ives, is coming up to help you decide whether to buy or sell either or both of those names ahead of the news. Tesla competitor nio is struggling at this hour as it swallows a bitter pill that was proffered up by goldman sachs. Goldman downgrading the chinese electric Vehicle Company to sell on valuation concerns and its investors are selling. Stock is down 16. 5 . What are we talking about when it comes to valuations . Nio is up 162 year to date. Now let us get to twitter. It has been a horrible, terrible, nogood, very bad kind of better at the end of a couple of days for twitter, following the news that hackers targeted 130 verified accounts, including teslas elon musk, barack obama and kim kardashian. In a bid to pull off a cryptocurrency scam. After tanking yesterday on the news, twitter is moving higher right now and looks to close up about. 33 . To the increasingly grim statistics on the coronavirus pandemic, because we know this has been moving the markets. The United States once again shattering the daily record for a number of new cases. Yesterday, take a look, 77,255 newectionsere reportedhatrels yrocsktiskngke, par parrlarla i atesst watheesre w thehere the being described aocrsoctors on n th rol. Nt toto florida, aths in a 24ho 24eriod yesterday. Erda d. I new record. Flip it over t texas. Texas also broooheirir own o record with 129 deaths. In South Carolina, another record as well. 69 deaths on wednesday alone. Earlier today, the nations top Infectious Disease expert, dr. Anthony fauci, said we should not be worrying about a second wave because we are still neckdeep in the first one. I think we should, you know, put aside thinking of the fall, people keep talking about the possibility of a second wave in the fall. Thats a historic terminology related to another time and another outbreak. I think we need to concentrate on where we are right now, because if you are talking about waves, we are really essentially still in the first wave. When you are having, you know, up to 70,000 new infections in certain areas of the country, thats something you need to focus on right now as opposed to looking ahead at whats going to happen in september or in october. Liz dr. Fauci did point out new york city as a bright spot which this week marked the first day with zero coronavirus deaths since this nightmare began. To the new york city epidemiologist who runs the citys hospital response. Doctor, welcome back to the show. Look, clearly no one here or anywhere else should be patting themselves on the back because this virus is still a mystery, but compare new york city today to the situation you were dealing with back in march and april. New york city was the nations first epicenter. We had thousands of cases. At our peak, we had over 10,000 cases here in new york state. Now look where we are. What we are seeing now in terms of significantly lower numbers of covid cases or percent positives of the over 70,000 cases that have been done since yesterday, about 1. 1 . New york has earned the right to be able to obviously say that we have done a great job and we will continue to do a great job because we are following science, following data, and new york state has a safe approach. Thats not what we are seeing across the United States. We have multiple states surging, we have Record Number of cases, hospitalizations, deaths. This is only the tip of the iceberg. This is only going to get worse. Liz we in just the past 36 hours have had arkansas, colorado saying get the masks on, but if i could ask you, what do you think is the number one thing new york city did correctly that helped the situation, to help us mitigate what had been the worst in the whole nation . The number one thing is we followed the data. We were looking at what the data was showing us, we were looking at what science we had known about covid19 and we know quite a bit. We are seven months into this pandemic. We were following both science and data. We were following Public Health guidance. That was the biggest thing that helped the new york state response. You know, we are not out of the woods even though we had a record low number of cases, hospitalizations and deaths, zero. We still are very much preparing for a potential resurgence. Unfortunately, other states are still within their first wave and they are surging exponentially. You are seeing beds being filled in texas, you are seeing hospitalizations overrun florida. It should never have gotten this bad. Liz can i talk about texas in particular here. There had been this belief because back in 1918, for the spanish flu, as soon as the spring came and things warmed up, people thought that we would see the same thing which was a disappearance at least temporarily of that spanish flu. Were not seeing that here now. Should we just put that hope out of our minds, because its boiling in texas right now. Absolutely. I think one thing to say is hope is not a method and its not a plan. In order for us to combat an Infectious Disease, you need to make sure that you actually have Public Health interventions like wearing a mask, like Contact Tracing. These are measures that we know have proven to work over and over again. If youre not going to follow Public Health guidance, well, now you are seeing the consequences of it. You are seeing Record Number of all of these Different Cases and hospitalizations and deaths, so we need to make sure we are following what science and experts and Public Health officials are saying. Something as simple as wearing a mask. You heard dr. Redfield mention that if all of america wears a mask, in a matter of weeks we could probably get our pandemic under control. I truly do believe that because we are seeing data that shows how effective masks are. No one wants to go back into lockdown. If you dont want to go back into lockdown, we need to look at closing down indoor gatherings, wearing a mask, having some of these different interventions in place. Liz i was hearing about an Apartment Building in fort lee thats really quite big and a lot of elderly and middleaged people live there. From the minute this became a major issue, way back in early march, everyone had to wear masks, all employees, they have had zero cases. Let me just finish by asking you if you have been hearing from doctors in florida and Health Care Workers from the front lines in any of those states who are calling you saying what did you do, what should we do . Besides Contact Tracing we are. We are talking to a number of the Health Care Providers on the front lines in those states. In fact, when this state was the epicenter, we were talking to countries in italy and other places that were seeing hot spots, what can we learn. Now we are sharing our best practices with these other states. What the front line clinics are telling us is its a war zone. This is exactly what we saw here in the new york state area. It is very unfortunate because we should have been a lesson for, you know, a lesson for everybody, for the entire nation of looking at what we are experiencing, what we are doing, and we need to not repeat the same scenario. Liz dr. Madad, thank you very much for all you and your team have done and are doing and from the front line doctors and nurses to the army of virus hunters fighting to pull apart and understand covid19 in order to help vaccine makers make that eureka discovery and start churning out vaccines. One of the rworlds foremost epidemiologists joins us this week. All new episode of everyone talks to liz, my podcast. How she went from High School Cheerleader with no interest in science to hunting down and eradicating viruses here and abroad in africa. I will share my experience, how i flew safely to l. A. And back during the pandemic by following her precise instructions. I had to because shes my sisterinlaw and she would have smacked me around if i didnt. Download it. Listen to it. Spotify, apple, google, fox news podcasts. Com. Let me know what you think. With the Dow Jones Industrials down 59 points, we had coming right back. The closing bell ringing in 48 minutes. Up next, wwbd, it is an expression on wall street. What would buffett do to protect and grow his money during our pandemic . Our floor show traders are ripping a page out of the oracle of omahas playbook on exactly that, next on the claman countdown. Tada did you know Liberty Mutual customizes your Car Insurance so you only pay for what you need . Given my unique lifestyle, thatd be perfect let me grab a pen and some paper. Know what . Im gonna switch now. Just need my desk. My chair. And my phone. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Simon pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Liz with covid19 headlines giving investors whiplash on an almost hourly basis, an order is coming down from the disciple of the Warren Buffett way. The billionaire ceo Berkshire Hathaway has for decades used black swan or surprise selloffs to make a very clear move. Invest it and forget it. Which for now means block out the entire covid19 news feed. To our floor show and that disciple of buffett, jack oliver, a fervent believer in buffetts philosophy. He says its time to adopt it right now. I want to hear what longtime nyse trader Teddy Weisberg thinks of that strategy. Jack, are you saying investors should stick their head in the sand and not look at the news feeds here . You should know as someone who covered buffett for longer than most people in the industry, he operates on the principle of you shouldnt own shares in a Company Unless you are comfortable with that company not trading for a year plus or the stock market essentially closing. So thats kind of something he played out there for many years. Given that evershifting news you have been covering on the pandemic, on the short term, since thats something investors cant really control or predict, they need to go back to focusing on owning businesses for all seasons. Liz yeah. Invest in the long term, i get it. But teddy, should investors hold their buy and sell fire or by doing that, are they risking opportunity or missing opportunity as the pandemic yanks the markets all over the place . Well, i think the yinyang in the market creates opportunities for people that have done their homework because we know so much in trading today is driven by computers and they are agnostic when it comes to fundamentals. Theres a real opportunity in a real risk, if you will, that everything gets mispriced when the computers take over. Therein lies a lot of opportunity. I think for folks that have done their homework, all this volatility actually does create opportunity. We find opportunities all the time, sometimes we add to existing names, sometimes its new names. We always have a Shopping List and we are always ready to act when stocks get mispriced. Liz yeah. You are liking exxonmobil, you like some of the pharma here, you like etf mg prime, cybersecurity, global robotics. We had them on yesterday. Facebook is another one of your picks. Jack, if we were to follow what you say to do, what are some picks that will bring us money down the line . Well, three companies we like for this environment and over the long run, would be cooper companies, a contact lens business, abbvie, a leading biopharma and now medical Aesthetics Company and lastly, windham hotels, which is the leading hotel franchiser of midscale and select service hotels. With car sales booming and summer road trip in front of all of us, if we havent taken one already, they are already starting to see strong upticks. Liz good to see and hear both of you. Teddy, hang in there on the phone. Jack, always nice to have you on the show. Fervent buffett follower. Go ahead, teddy. Really quick. On the phone i just said thank you. I think there is always opportunity, even when it looks really dark and dinghy, there are always things to do. We should take advantage of that when the opportunity presents itself. I second the motion. Liz buffett has in the past. Yeah. Yeah. He sold airlines i dont get that. We will be watching all of that. Thanks, guys. All that stuff you bought online during the pandemic, the company that had to move it all, getting a huge windfall from it. With the closing bell ringing in 40 minutes and the dow down 65 points, transportation and Logistics Company jb hunt hitting a record high in this final hour of trade. The trucking giant clocked a better than expected Second Quarter earnings, the big boost coming from an increase in freight demand even as coronavirus lockdowns eased late in the quarter. People buying a lot of stuff. Its got to be moved. Jb hunt up 3. 25 . Up next, the news is getting worse, though, hour by hour for the Washington Redskins football team, as top male executives right and left get fired or depart. Now one of the most widely respected sportswriters says she, too, fought off the very Sexual Harassment charges hitting the team in the last 24 hours. We will take you live to fedex field for the shocking details and how much it could cost owner dan snyder when the claman countdown comes right back. 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. Wow. Jim could you ipop the hood for us . . There she is. Turbocharged, right . Yes it is. Jim, could you uh kick the tires . Oh yes. Can you change the color inside the car . Oh sure. How about blue . Thats more cyan but. Jump in the back seat, jim. Act like my kids. How much longer . Exactly how they sound. Its got massaging seats too, right . Oh yeahhhhh. Oh yeahhhhh. Visit the mercedesbenz summer event or shop online at participating dealers. Get 0 apr financing up to 36 months on select new and certified preowned models. Liz just hours after last nights bombshell report in the Washington Post pulled the curtain back on a culture of Sexual Harassment in the executive offices of the Washington Redskins, awardwinning usa today sportswriter Christine Brennan revealed she was subject to similar outrageous behavior years ago while assigned to cover the redskins in the 1980s. She says that quote, while then owner Jack Kent Cook shook hands with male reporters, he would kiss her and after she rejected another executives overtures, he still attempted to kiss her. What now for the team dan snyder owns today . Forbes values it at 3. 1 billion. To fox news Mike Emmanuel live at fedex field where the skins play and where major developments are still unfolding. Mike . Reporter liz, good afternoon. Now dan snyder, the owner of the washington football franchise, is responding to this explosive report, saying quote, this story has strengthened my commitment to setting a new culture and standard for our team, a process that began with the hiring of coach rivera earlier this year. We will Institute New policies and procedures and strengthen our Human Resources infrastructure to not only avoid these issues in the future, but most importantly, create a team culture that is respectful and inclusive of all. The National Football league saying today quote, these matters as reported are serious, disturbing and contrary to the nfls values. Everyone in the nfl has the right to work in an environment free from any and all forms of harassment. 15 female former employees of the Washington Redskins football franchise allege Sexual Harassment and verbal abuse. In the past week, three senior officials of the team were either fired or retired. Former employee Emily Applegate says it was the most miserable experience of her life, speaking about the teams toxic culture earlier today. Nobody deserves to be degraded and treated like that. Nobody deserves to be disrespected. And for any of us women that want to get into a career that is a male dominated one, we shouldnt be afraid that these are the things that are going to happen. Reporter the team has hired highpowered attorney beth will kinnon who told fox her firm was retained to look into allegations of workplace misconduct. You recall the story of the Dallas Mavericks who went through a messy situation several years ago and put in the serious work to change a pro sports franchises culture. Liz . Liz mike, thank you very much. Dan snyder is obviously a very big businessman. He knows how to deal with certain situations. Lets hope and watch and see what happens there with all these allegations. Weve got a david versus goliath stock story to tell you about. To Ashley Webster for todays fox business brief. Ashley liz, how are you . Yes, slack getting a boost from fbn securities, an outperform rating and street high price target of 45 per share. Fbn says concerns over competitor microsoft teams, well, simply overblown. It sees good upside in slack due to Revenue Growth and the fact that slack hasnt yet rallied as much as other remote work stocks. Cruise stocks, well, dropped after another order to anchor down for a little longer. The cdc extending its nosail order for u. S. Cruise ships until october 1st now. The previous order was set to expire july 24th. Carnival, Royal Caribbean and norwegian all taking a dip on the news today. And lyft says it will send out about 60,000 vehicle partition shields to its most active drivers to protect against coronavirus transmission. The partitions will be available to less active lyft drivers for purchase at a cost of around 50. Lyft says it saw an increase in ride share requests in june but still says trips are down 70 from last year because of the virus lockdown. Coming up next, talking tech with famed analyst dan ives. Netflix, apple, tesla and the company that is outdisrupting one of the most famous dru disruptors. Businesses are starting to bounce back. But what if you could do better than that . Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. The volatility. The ambiguity. This moment calls for more. And Northern Trust delivers more. With specialized expertise. Proven strategies rooted in data and analytics. 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Retire better liz you know what, we should get back in to see how netflix stock might close out whats been a very rough session for the streaming entertainment leader. Its down 7 at 489. 66 a share. Tried to come up off that low. Listen, people didnt like the guidance for Third Quarter and how many new subs. Still, two and a half million new subs they say they are going to be able to corral. Lets see. Lets spin it forward on this earnings season. On deck next week, we have microsoft and tesla, both report quarterly numbers wednesday. Amazon on thursday. Then facebook, the wednesday after that. Google and apple on july 30th. No better time to bring in wedbush managing director dan ives, one of the sharpest observers of the tech space. Dan, investors are salivating ahead of any of these names but i want to tackle tesla first. What do you expect here . This name at its low was so much cheaper than it is right now. Credit suisse has just added 700 on to its price target. Its a 1507 stock here. What happens next week that changes this . I think next week its all about the p word, possibility. Not just with regards to the s p 500 but it also shows they are doing this profitably. Its a key fundamental [ inaudible ] and whats starting to happen is a rereading of tesla, that profitability is the key. I continue to view that 2,000 bull case on tesla. Liz you worried at all about the up and comers . We just had Henrik Fisker on. Hes coming out with the fisker ocean, the new suv, and people are taking reservations here. Hes come up with a very generous lease opportunity where you can begin it or end it whenever you want and it looked pretty cool to me. Yeah. Theres many competitors, not just domestically but in europe and china as well. The reality is right now, in the ev market, its teslas world and everyone else is paying rent. I think what you are starting to see is delivery. They have the potential to get to 80 , 90 market share of the ev market and i think that continues to be the issue thats tough to penetrate as competitors. I think you are seeing that in the delivery numbers which have been teflonlike that we will see more about next week. Liz do you worry or are you encouraged by the fact that tesla is one of the most favored stocks for the robin hood Trading Platform which tends to attract newer investors who are very excited they can buy fractional pieces of a share, and everyone loves tesla over there. Yeah. Of course theres a strong retail component but i do think institutionally speaking, you are starting to see more Institutional Ownership of this, given the possibility, ev is 3 penetrated today but it speaks the a scarcity. A lack of secular growth story, if you look at the ev market, trillion dollar market over the next decade, and right now the top of that heap is musk and tesla. Thats really what you have seen in terms of delivery numbers and of course, profitability. Liz microsoft is at 203 right now, down just a fraction. Would you buy it here ahead of next weeks earnings . I would buy it. In my opinion, microsoft continues to be the best pure play cloud name out there. I think what you are seeing in this covid environment, its accelerating the cloud story. As much as we can talk about zoom and slack and some other workfromhome names, docusign, the heart and lungs is microsoft. Awf from well with amazon is continuing to benefit. You look at year out, you will see a 2 trillion market cap on microsoft although i do expect the First Trillion Dollar Company to be apple going into what i view as a massive iphone 12 super cycle. Liz you know im looking at apple right now. The chart shows we are at 386. 44. Its up 87 over the past 52 weeks. The market cap stands at 1. 6 trillion. Im wondering do we see apple 400 by the time it reports numbers . I think its 2 trillion cap by end of year, december 31. I think ultimately in terms of earnings, i view it as a shrug the shoulders in terms of the actual quarter. It comes down to iphone 12, 350 million of 950 million iphones worldwide are in the window of an upgrade opportunity, including 67 million in china. Apple continues to be our best 5g play and microsoft, those are the large cap tech stalwarts. Overall, we still see fang names go another 25 , 30 higher here when we look out next year. Liz because why . I guess these are things we need to buy. The strong are getting stronger. If you look, these are internet staples. Thats why for many its food, water and fang. Relative to what they are supplying, i think what you have seen in the covid environment, thats been further exacerbated. But when you look at tech overall, its a lack of secular growth stories in the market. That continues to be the theme and institutional perspective, you are seeing more and more investors [ inaudible ] these names. Theres a lack of them. Even work from home names continue parabolic but in this new world, 12 to 18 months, you will continue to see massive grow growth. Liz food, water and fangs. What about sex . Does that not come in anywhere anymore . That doesnt make the top three . Dan, great to see you. Thank you very much. Dan ives. Top analyst. Folks, to underscore what dan just said, the nasdaq had been down 50. It is now up 47. Weve had about a 100 point swing here with the closing bell ringing in 20 minutes. Up next, team trumps top money man responds today to Charlie Gasparinos report he broke yesterday that there is dissension among the ranks when it comes to billions in stimulus spending. Charlie touched a nerve. He will reveal what happened and whats going to happen. He breaks it next on the claman countdown. At the investments, which we cant control, and lets now look at our goals. In other words, we only want to take as much risk as is necessary to achieve our goals. Maria had to do everything for me. [maria] she had these awful blisters on her back. I dont want shingles when im your age. [camera man] actually, if youre 50 or older, youre at increased risk. [maria] thats life, nothing you can do. [camera man] uh, shingles can be prevented. [maria theresa] shingles can be whaaaat . [camera man] prevented. You can get vaccinated. [maria] where . [camera man] at your pharmacy, at your doctors. [maria] hold on [maria] dont want to go through that [theresa] hija. [camera man] talk to your doctor or pharmacist about getting vaccinated. Its like walking into the Chocolate Factory and you won a golden ticket. All of these are face masks. This looks like a bottle of vodka. But when we first got these, we were like whoa [laughing] my threeyearold, when we get a box delivered, screams mommys work mommys work. With this pandemic, safety is even more important to make sure we go home safe every single day. I appreciate what makes each person unique. Safety is even more important to make sure we go home thats why i like Liberty Mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Liz well, as he often does, Charlie Gasparino lit the match right here on the show yesterday, which apparently started a bit of a firestorm inside the white house. He reported that treasury secretary Steven Mnuchin and National EconomicCouncil Director larry kudlow were arguing over how to spend billions of dollars in additional coronavirus stimulus. Today, they both responded directly to charlies report. Secretary mnuchin and i have worked together handinglove for two and a half years, and it has been a great pleasure and we work on a daily basis or in the same meetings all the time. We discuss, maybe somebody in the west wing doesnt understand this, we always discuss different ways to implement the president s policies. All right . He might have an idea, i might have a different idea, all right. He might have a context, i might have a different context. But we work handinglove together. Theres no epic struggle. Those stories should be completely disregarded. I dont know where that stuff comes from. If i had any hair i would be pulling it out. Liz youve got hair, larry. I see good hair there. All right, for his part secretary mnuchin tweeted his response. Quote, larry kudlow and i have been good friends and colleagues for years and we are closely together. The idea that we are in a civil war is truly absurd. To the man who started this all, lit the match, Charlie Gasparino. Charlie by the way liz tell us whats going on here. Charlie did you see noses start to grow as they were putting out those lame statements . I will say this. Heres the thing. Listen liz come on. Charlie you expect the white house to spin, if you notice, they didnt deny the crux of the story that theres a disagreement over policy and a vehement one. Our sources on the story, are friends of larry kudlow, people talk to him all the time and people talk to Steve Mnuchin. Im not going to say who they are, but they are close to both men. We should point out that liz are they conflicted, charlie . Are they conflicted . Charlie no, no, no. They are telling me whats going on. They have no animus. I will tell you who they are when we hang up later. I expect nondenial denials like that always from the white house. Hey, its a typical nondenial denial. You dont deny the substance of the report that theres a disagreement over policy and maybe a vehement one. You deny the fact that i hyped it, i may have hyped it which i dont think i did as a civil war, okay. Thats called obfuscation. Thats what these guys do. But i tell you, for any journalist to not interrupt and to not understand that was a nondenial denial, that journalist needs to get his or her street cred checked. Because this is serious stuff. This is an administration in disarray right now. This is an administration thats going into stimulus talks next week without a real coherent plan. We have people like kudlow clearly, not clearly that are advocating payroll tax cuts and lets do away with some of these checks. By the way, larry has publicly stated that. We have Steve Mnuchin who wants to lead with checks. We have the president who is somewhere in the middle. As of today, i see some reports about payroll tax cuts which would support larry kudlow and then you see other reports, maybe hes leaning the other way. This is an administration that has much more, many more problems on their hands than, you know, getting their spin straight on my story, which is 100 right. I just find it fascinating journalists dont understand what a nondenial denial is but we dont have to get in there. You got that. Mr. Cavuto gets that. Right now, the Trump Administration knows its staring down the barrel of the gun. Listen, they need a stimulus package. They need to get unemployment down below 10 . They need that because without improving economy, the one reason voters approve of donald trump is the economy. If that goes away, they got some problems in the election. Now, obviously its early. Joe biden is no picnic. Hes offering socialism on steroids, hes also a guy thats not quick on his feet, he can get crushed in the debates. I can tell you inside the white house, they are worried and thats why the stimulus plan is so important for next week. But the one thing i cant figure out is, you know, i know their argument. I know larry and mnuchin, i love larry, hes an old friend of mine, i tell this to his face, hes being diplomatic and blowing smoke right now, and so is mnuchin, but one of the problems here is i cant figure out where they are in negotiating, how they are going to negotiate this. If they dont have a real good plan, nancy pelosi is going to take them to the cleaners because think of it this way, liz. Why would nancy pelosi want to give larry kudlow and donald trump a payroll tax cut . I mean liz but charlie, also, you make a great point about how serious this is. July 31st, we should say this very clearly, july 31st is ten working session days, maybe fewer than 11, for congress away. People are going to be left without that extra money from their unemployment benefits. We have 32 Million People who are get your slice today. About medicare and 65, ysupplemental insurance. 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Liz closing bell ringing in five minutes, lets check in for the week, the dow jones industrial, the s p 500 and the nasdaq, if we can see what they do, the dow and the s p will see gains once again for the week, the nasdaq losing just about 1 on the session. Lets get to ashley for the biggest movers and shakers which got us where we are on this friday. Lets look at the s p 500, lets begin with the winners, the winner circle, up 22 for the week, a nice couple of upgrades, Raymond James raisin into a strong body, be of a raising to neutral. Lets look at borders, it upgraded by wells fargo who had the price target raised by 225, it has gone past that. Henry schein, a healthcare Product Service company, it had air pair fighters that are said to be effective against covid19. On the other side of the coin, the laggards of the s p, for net, that is down 11. 5 , a Cybersecurity Company cut to neutral and goldman sachs. Netflix we all know their latest earnings report, they missed earnings and gave disappointing numbers or subscriber numbers for the next quarter, struggled after that and adobe, adobe systems, the Computer Software giant down this week, it is not been that great in reports of insider sales which has not helped. Those are the winners and the losers. Liz actually, thank you very much. Have a good weekend. The dow is down 39, so much covid drama and actually referenced some of it, the story, too many have ignored when it comes to the stock market was a superhot and sizzling ipo market charging full steam ahead, berkeley is the latest company to ipo that happened today on the nasdaq. The california Digital Biology copy priced at 22 per share right now with a couple of minutes left to trade is up 198 . 266 box on its first day, its now valued at more than 3 billion. Lets bring in an ipo expert, jmp security mark lehman whos been watching the pandemic with covid market moves. There has been some really impressive moves with brandnew names coming to the market. Why should we not be afraid to jump in at a time like this . When you see these moves for the ipo, you do get a little bit nervous but for some time you will see innovation, the front end is the ipo market per week that we would see biotech ipos as elite innovators and were seen just that. Good markets to get more ipo and id be a little leery with the other companies coming to market. The game is to look at the names, i talked to Portfolio Managers yesterday and they said keep working and will keep working. Thats a healthy sign for the market, if you look at the great stocks, some of those stocks are the ones that went public three or four years ago and those are the leaders in the market today. Liz room has appeared to be down 2 since the ipo to bring that up because it had a brilliant first day, at 46. 72 and we could look at some of the others. You like broom and zoom which is had a bit more time to find its putting an absolute winner, significant stock, broom is up 6 , zoom is flat on the session, down 1 but still 246. There has been some other impressive moves here which shows a lot of guts even during of difficult time there ready to come to market. What about the names as you look at lemonade up 8. 5 saying i want that on my list. You mentioned that on the show recently, we went from zoom in groom to groom in zoom and i think there is some more optimism from some of those leaders, lemonade will change the way we buy insurance and they will be the first to go public to do that. Lemonade is how you buy insurance if you want to be at the forefront. Liz great to have you mark, thank you very much. Mark lehman, have a great weekend, the dow loses 63 points again for s p and nasdaq. Melissa a volatile day on wall street as the white house work work on a new round of relief for americans but top conservatives may be about to sound the alarm, were going to speak to one of them in just a few moments from now. Happy friday i melissa francis. Connell i am connell mcshane, happy friday indeed, were looking forward to the interview. Welcome to the after the bell the dow closes down 62point s p 500 and the nasdaq closed out the week on this friday with gains. Our top stories, fox Business Team coverage blake burman an