Deliver remarks on jobs and the economy, and from the Mankato Regional Airport in minnesota looking at the live pictures and then hes headed to wisconsin for another event weve got that all covered for you. Now, theres one area of the economy going full steam and thats housing. The exodus from the cities to the suburbs fueling demand for one company, so much they are actually struggling to fill thousands of open positions, even with millions of people still unemployed in this country weve got the ceo of two men and a truck, hes here on the housing hotspots and hes in the cities where people are going and there was this new forecast by the cdc, predicting that the u. S. Coronavirus death toll could reach 200,000, by september 5 but could a newly approved rapid saliva based test be a major game changer . Its pretty interesting stuff today former secretary of health and Human Service dr. Tom price is going to give his prognosis on this new test and a lot of other things within the pandemic plus, the oracle of omaha making a new golden buy and charlie breaks it and were less than an hour until the closing bell even Cheryl Casone in for liz claman. Lets start the claman countdown. And we start with some breaking news right now. Firefighters are battling these blazes out in california, after a rare summer thunderstorm brought lightning that actually sparked several small fires like they really needed that at the northern california. All of this has set off a huge forest fire just north of los angeles, more than 4,500 buildings are under threat by this wildfire, which is burning towards thick, dry brush and thats not a good thing as you know, in the Angeles National forest well continue to monitor whats happening this afternoon out in california and we also have this story to bring you german biotech chore vac working on a covid19 vaccine, that stock is popping right now. Look at it at 32 and change this is a second day of trading, after the stock initially sky rocketed 249 when it made its debut on the nasdac on friday. We do want to note to you the bill and Malinda Gates Foundation funded it with 44. 2 million back in 2015 and that investment from the gates getting a lot of attention today and the stock again is on fire. Then youve got Warren BuffettsBerkshire Hathaway making a big bet on gold that added 562 million position to gold during the stock exchange. That cost of stock, you know this goes public this is what happens, it popped 11 today and this now makes berkshire the 11th largest shareholder in the gold miner and there it is up almost 11 . Then take a look at this this is one of buffets other big investments, look at apple. This company is closing in on a 2 trillion market cap. That stock hitting a record high , 464. 35 earlier this morning, right now were at 459. 51 this puts apples value get this 1. 985 trillion. Now yes the stock slipped since this happened all this morning but when apple does hit that 2 trillion mark and im sure it will pretty soon its going to become the second publiclyheld company to reach that trillion dollar milestone after saudi aramco 2 trillion milestone and well watch apple throughout the hour for you. Also, here is a question for all of you. Is there a shutdown looming for uber and lyft . Rides for both Companies May have to come to a halt in the state of california this week, after a judge said they need to stop classifying their drivers as independent contractors. Now both uber and lyft say they will be forced to suspend services to restructure their Business Model while also looking to appeal the judges decision. Shares are both down as you can see , theres a ballot measure on this by the way in november so the voters may have a say in all of this but right now lyft is down by 5 and uber is down more than 1. 25 . Well, lets get back to these markets and these major indices with the s p and the nasdac, a lot of fun for me on a monday, zeroing in on new records as President Trump is touting jobs and the economy. Youre looking at those live pictures coming out of this Regional Airport this is mankato, minnesota. Hes going to give the speech talk about the jobs and the economy but head to wisconsin. Hes going to be campaigning in the same state, where democrats are kicking off their convention , tonight. The voters choosing trump over joe biden by 8 points when it comes to trust on the economy. Thats according to a new cnn sr ss poll. The funds trump trailing biden by 4 points overall but thats within the polls margin of error we should say. Minnesota and wisconsin are both swing states, very crucial for the election. Trump losing minnesota by less than 2 points in 2016 he won wisconsin by less than one point the real clear politics average of polls not quite so close this time around as you can see but weve got connell mc shane whose on the road again, again, swinging through the swing states to see how the economies in this place is going to impact the election youre in racine, wisconsin you just couldnt sit still, connell off you go. Connell yeah, im really excited actually cheryl to get out of the house, right, for a couple weeks well hit as many swing states as we can and beginning here, as you said it was so close and so important for the president last time around, if hes going to win in wisconsin, the next time hell have to again dominate the farm vote which weve been focused on here in the ground, dairy farmer s like dave daniels went big in the president s way the last time and dave when i spoke to him said hes leaning towards voting that way again but hes not yet completely sold looking closely at Economic Issues that impact his bottom line. If we can keep the trade segment open, and keep those avenues open for us, if we can also get the schools open i think thats going to help with the dairy industry. Connell a lot of milk in those schools and manufacturing is also huge in this area. Pindle global is a company we visited that makes precision Machine Parts that actually shifted gears making parts for ventilators earlier this year. The ceo is a guy named bill barr ian, a republican his whole life but he hasnt yet decided who hes going to vote for this year. Its become clear over the past four years that we need to be doing this type of manufacturing here, that you add in covid and the disruption of the Global Supply chains, its all the more critical that we do it here. Connell made in the usa obviously a big theme for the president something he talks about all the time. For bill though its the president s handling of the pandemic that has him questioning whether or not he will support him in the election its something youll hear more about cheryl as we continue our reporting on after the bell here in next hour. Cheryl youre on to something with john kasich speaking at the dnc tonight, someone that ran on the 2016 republican ticket so Connell Mcshane thank you very much, right now as we get closer to the bell ringing weve got markets clearly going pretty much unrattled since this election of u. S. Senator kamamaarlarima as majoejoejoeees nnatine. Gmgm inact, f f n tas tc hitcnn allmel intlday highy ieroday. r t hiint betti be w t see aee a nc,as ano re closeor t fhe fdac, f cl tosoeose hositeosittiositosos fhen t t tea teangngs for f and wd wre buiinin oin lasintink s gaisnsns you ye got a a a ah gain ogaf 8. F 8. Poi onn s ss now b nut n n wha interesting about the s p is that Goldman Sachs went all out, theyve increased their yearend price target for the index by 20 . Theyre now saying 3,600, very bullish call from goldman as you know, but are they right and what is that, how are we going to get there frankly . Lets go to the floor show with phil flynn standing by. How do we get to this new call from Goldman Sachs by the end of the year . Well first thing you have to look at is the alltime high pivot which to the s p cash is 3,393. That is the level the whole markets watching. The bears are hoping that maybe we touch it and then we trace it so they could say that its a double top and i dont put a lot of credit into that. I think that building a new little base here, weve got a little bit of a push in the re balance trade in the small cap, the banks, the airlines, but thats not what its going to take us to goldmans target of 3,600. It still has to be big cap tech. I still see it perform well you still need momentum in tesla and whats going to bring us there is potentially amazon. Amazon in my opinion, if jeff listens up he tries to split the stock 10 for 1 and i think if he does so amazon is a great name to own in the Fourth Quarter and if its the alltime highs above 3,350 and maybe 36, 3,700. Faster with the split probability also good if it doesnt. Cheryl amazon and apple and netflix all these tech names have been powering while were looking at potentially another record close on the nasdac, but phil flynn were also looking at an Oil Rig Count in this country sitting at i couldnt believe this , this morning a 15 year low and if were going to get to that goldman call on the s p by the end of the year, youve got to get to the u. S. Economy turning and burning and the Energy Sector is really lagging right now. It is. This is the worst setback weve seen in energy probably in my lifetime. Ive never seen it this bad and ive been through a lot of bust even back in the 1980s that i dont like to admit to that i remember but theyre that bad and ill tell you, when you look at this its unlike any other bus weve seen because it came at a time where were already saw a lot of debt in the industry, a lot of companies are already struggling and they get hit with this covid stuff it really was a snapback, but having said that, i do think that the worst is over, for big energy, and little energy. Theres still more pain but then itll come back as the economy comes back and then to get back to goldmans call, listen, i think they are going to be right , actually, be low if President Trump gets reelected theyre going to be high if Vice President biden gets elected because they really think policy matters. Tax cuts matter. Policy matters and if youre going to start raising taxes when the economy is struggling dont look for the stock market to perform very well. Cheryl thats interesting to your point, phil theres things i dont want to admit about the 80s like certain outfit choices and very large hair style, but i was sporting at the time so lets talk scott about tomorrow. Lets move into tomorrow morning well be getting numbers out of walmart, hearing from home depot , last time we heard earnings from these retailers, the online story was astro tammy bruce it call. Income this is when the country was locked down but im wondering if those expectations are strong for tomorrow, these are dow components well be watching. Yeah, i think its very high so walmart today is at a monthly if not alltime high, if the stock goes from an alltime high prior to numbers they better deliver and its going to be interesting because i think some of the stimulus or some of the benefits have been dialed back for august, so there may not be as much spending so i think for walmart and target, its very important that washington comes back and they come up with some kind of stimulus package so this way, those who are out of work can continue to get supplies and where do they usually get supplies its probably walmart and target so the call for walmart will be interesting i think at this point, its set up for a big report its going to have to deliver. I actually came out with a strategy to buy walmart, about three weeks ago, a call spread which is up about 200 just for fill disclosure i took off half today and ill let the other half ride to see if they actually come out with the results people are looking for and if so, it could be another alltime high. Cheryl speaking of price targets phil flynn ill put you on the spot a little bit. Oil prices rest of the year. Do you have a target at this point . Yeah, i think we get back into the 50s before the end of the year and it could even get a bit higher. Were going to see inventories fall over the next couple of weeks, get ready for a little end of the year squeeze for oil, and thats going to make some Energy Companies happy. Cheryl get a vaccine by the end of the year people start driving again going back to work and school. Thats the story. Guys thank you very much. Happy monday, guys no kidding right . Here we go, well the dow is under pressure today but we got a 98 point loss there, on some of the bigger industrial callings but some of this i want to add, but americans stuck at home during the quarantine have turned to Home Improvement projects to keep themselves busy , its been very good for home depot we just talked about it. They are expected to report a pretty strongq 2 tomorrow, samestore sales expected to be up 10. 9 the stock right now ahead of those earnings in the morning is up almost 3 and its not just the Home Improvement company that are seeing benefits. Movers are basking in the glow of the shift of the exodus from the cities to the burbs. Coming up next well talk to the ceo of two men and a truck on trends hes seeing in the moving industry. The claman countdown is coming right back. Oh yeah, we gotta take off. You downloaded the Td Ameritrade mobile app so you can quickly check the markets . Yeah, actually im taking one last look at my dashboard before we board. Excellent. And you have thinkorswim mobile so i can finish analyzing the risk on this position. You two are all set. Have a great flight. Thanks. Well see ya. Ah, theyre getting so smart. Choose the app that fits your investing style. Come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. They get that no two people are alike and customize your car weve just been finding a way to keep on pushing. Insurance so you only pay for what you need. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Cheryl were getting breaking news right now, fx games is seeking a temporary restraining order to stop apple from making its wild ly popular fortnite game app unavailable to smartphone users. Epic is also looking to make sure that apple doesnt take any further adverse action, like suspending it, from its developer program. This follows epics lawsuit against apple and google, on thursday, for removing fortnite from their respective app store, they are fighting over user revenues and fees, and the battle, the epic battle, if you will, pun intended is actually getting more intense. There is apple now were seeing pressure but they did get close to that 2 trillion mark, and Tencent Holdings is a stock to watch as we go into the close. Well the pandemic is not scaring away those on the hunt for new home. Home builder confidence at a record high this month according to the National Association of Home Builders index we got this morning big turnaround after dropping to the lowest level since 2012 back in april and its now at the highest rating on record in the 35 year history and its not just Home Builders, movers are also seeing a boom in their business, some are doing so well during this busy Summer Season theyre finding it hard to meet the demand as in thousands of un filled jobs. Look at this. Lots of unfilled jobs want to bring in two men and a truck ceo john nobis, and youve got 3,500 open positions right now. Why are you having a tough time finding folks to work for you . Well good afternoon, cheryl and thanks for having me. You know, the busy moving season usually starts at end of march, april, may and it got pushed back because of the pandemic, and so people arent afraid to move at this point in time but there was a time in april and may when that housing existing home sales was down over 20 for a few months, and now that that has come back and we thought it probably would come back, werent sure exactly when but weve certainly seen it come back strong in many markets , and really across the nation weve seen around august 17 now really representative of what we normal ly see in june, which since we missed that busy hiring and ramp up season, that we typically have at two men and a truck, were now striving to continue to hire and train our teams to be able to take care of all that moving, that customers are looking to have. Cheryl i want to get to the issue, do you think that people are making more, or they were making more, at home on unemployment through the end of july and thats why you had a hard time finding people . Well i think thats a part of it for sure, is that when the Market Conditions change, and what the market level is to be able to pay somebody, changes , thats an important piece and i think the safety piece of it, you know, certainly in april and may when we typically hire people, theres a lot more question in terms of what should the procedures be from a safety perspective. All of those things kind of added up to the dynamic that were at today, which you know, certainly changed from an unemployment perspective, but now, we really see it as we got to develop a relationship long term. 40 of our franchise owners started on the trucks. Were not looking for necessarily Somebody Just coming to look for a job, but a lot of times they look for a job , they end up finding a career and we need as a franchise to continue to find ways to be able to create that opportunity to see the long term cheryl and you are a franchise and a very highly rated franchise name in that particular space, at the same time though, i got to ask you where are people moving . Because if you look at the nhb data from today, new homes . Yeah thats the suburbs. People are taking those low mortgage Interest Rates and theyre moving to the suburbs, but where are you seeing biggest exodus from a big city to a smaller suburb in your opinion . Well and you can see where weve got a number of opportunities to be able to hire up but its a little early to tell from this year because like i said, its the equivalent of june 17 in 2020. You wont know that really until you get to the end of september. I certainly hear anecdotally that people are moving out of the urban areas out to the suburbs, we see it in the home builder index. All of those things point to it but youve got to remember, the volume of moving over the last few months has been lower and so now, as we are able to compare august and september to what june and july would have been last year, thatll give us a much better indicator of where everybody is moving, but certainly, were seeing some of those indicators very early on now. Cheryl we would love to have you back, john and youve been like a success ive actually followed your company for years and weve talked before. I will say i know that moving has changed under the coronavirus epidemic so certainly, people have to realize theyre going to need a lot more Packing Material and patience if they decide to move. Thank you very much its good to have you on the show. Great. Good to be here. Cheryl two men and a truck closing bell, we have now got 37 minutes, the dow is down 89 from a housing boom to a travel bus, up next the hightech innovation taking flight at your local airports that Airlines Hope will get you and yours back into the skies, claman countdown is going live to Newark Airport, coming up, next. Introducing stocks by the slice from fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. It was 1961 when nellie young lost her devoted husband. Without him, things were tough. Her last option was to sell her home, but. Her home meant everything to her. Her husband had been a High School Football coach and it turned out, one of his former players came up with an answer. A loan, created just for older homeowners. And pretty soon, nellie young had one of the first reverse mortgages. Discover if a reverse Mortgage Loan is right for you. 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Since then over a million Older Americans have used a reverse Mortgage Loan to finance their retirements. It meant so much to nellie, maybe it could mean as much to you. Call now and get your free infokit cheryl airlines struggling to survive the lack of traffic amid the coronavirus pandemic, and that struggle reflected an Airlines Shares today. American, delta, and united, all of the stocks are in the red in particular united losing almost 5 and american down almost 5 but record low travel numbers giving airports and the time and space to put safety screening practices in place they hope will lure travelers back to flying. Christina partsinevelos is at Newark International airport with more, usually, a very very busy airport. How is it today . Reporter were going to show you that. Usually is the keyword not applicable today but this Technology Revolution has been going on in airports even prepandemic but now its been accelerated because like you mentioned theres this urgency to make people feel more comfortable with traveling and to make it safe. To answer your question, cheryl, its pretty empty. Theres not many people here at Newark Airport and ive been here since 7 15 this morning and its been dead; however, technology is ramping up. We take for example, Hong Kong International airport, they have put in these disinfecting booths so where you step inside the booth, you get your temperature taken right away and they spray you with this anti microbial spray and youre out the door within 40 seconds, and you know, another airport, dubai airport, they are very advanced. They use biometrics to check your iris when you go in a tunnel but they are also going back with old tactics using canines, they are using dogs to detect the coronavirus. They roughly had about 400 tests according to the airport and a 91 accuracy rate. If we bring it back to america, in pittsburgh, theyve been launching these robots that clean the floors with high uv rays as well, theres some continuing with ppe products these masks you can get absolutely everywhere and we did speak to the chairman of the Port Authority about this , and he said were not going back to pre pandemic travel. So these little contact Going Forward regardless whether the Covid Vaccine is out there or not. The new reforms are here to stay reporter weve talked about these new reforms. Robots, the latest will be biometrics as well that your face will eventually become your passport. You wont have to touch anything except dropping your bag on a counter and then moving all the way to your gate. Even just in this airport, Port Authority put all these ppe vending machines here to get all your supplies if you forget and theres medical screenings as well so this is the norm now, were not going back to what we saw before. One positive though, and ill leave it at that, could be less lines. Back to you. Cheryl yeah, or no lines thats very true. Hey, you know, maybe people will get comfortable soon. I hope so. I think a lot of folks are ready to get on a plane. Reporter i think so its picking up, its picking up slowly. Cheryl christina partsinevelos live at Newark Airport, with the dow down 76 points, 75 were coming back a little bit, ill tell you what the s p and the nasdac were looking at a new nasdac record close, if we get 11, 108 which were above right now, that be the 159th record for the nasdac under President Trump. There were 73 of those elections , and s p and the number 36 and change, were so close, the s p is toying with us right now. Well, u. S. Based novavax launching a midstage study of its Covid Vaccine candidate in south africa where a wintertime surge could help provide early indications of the vaccines viability, and the stock has been on a terror for months its up 5. 5 today and back here at home, the approaching flu season is raising the stakes on the vaccine rate. Coming up next, former health and Human Services secretary, dr. Tom price, an increasing twindemic fears and how afraid we should be about the upcoming flu season, claman countdown coming right back. Hi, this is margaret your Dell Technologies advisor theres an art to listening. Its the ability to hear more than whats being said. To understand the meaning in every pause. And to be able to offer the answers that make someone feel truly heard. I understand, lets get started. Thats what you get when you talk to a Dell Technologies advisor. Cheryl well, a grim statistic emerging from this past weekend, according to john hopkins data the u. S. Recorded more than 170,000 coronavirusrelated fatalities with many of them occurring in southern states. Well, u. S. Health officials battle one pandemic, there are fears of a twindemic, as we head into fall flu season, that be a combo spike in covid and influenza cases. I want to bring in former health and Human Services secretary under President Trump, dr. Tom price a former republican congressman from georgia. Great to have you here, sir. Good to be with you thank you so much. Cheryl lets start with the fears about this twindemic in the fall. How concerned are you as a physician that the country is once again going to be overload ed . Well there is indeed a risk of that however its too soon to know how severe the threat of the flu is going to be this year , and its a different disease every year, annually, and how effective the vaccine for the flu is going to be. That being said, i think that the kind of social distancing, the mask wearing that were doing the hand washing that were doing all of those things that are helpful from a Public Health standpoint may in fact diminish the effect of the flu season, so this is a new road that were on, and we wont know until we cross over that time period, but its something certainly to be concerned about but not something that we need to be afraid of, because i think were doing the kinds of things from a Public Health standpoint that can mitigate that challenge cheryl you ran the healthcare of this country this is a job you formerly held and were struggling right now as a country, in particular, with testing, and mask testing and the speed of testing theres a new saliva test that was just approved the fda for emergency use over the weekend. Now theres five of them but this one seems to be cheaper, faster, and in fact Yale University worked with an nba on basketball players. Where do we finally get that break that we need . Is this it to where we can final ly get quick testing to control the pandemic . Well i think its important to look at the positives. One is that were treating this disease much better so individuals arent dying at the rate they were certainly from the new york outbreak that we had early on. The second is that there was a recent study that was just put out that demonstrates that the immunity one gets from the virus itself, from having the virus is lasting longer than we would have thought. Now from a testing standpoint, its always important to remind ourselves that this is a new disease and therefore were see ing in realtime the response to a new Public Health challenge , so the fact that we didnt have a test on board right away ought not be surpris ing to anybody and the fact that were coming on board with new and newer tests and more effective tests and more efficient tests, almost every week now, is what we would expect in a normal process of Public Health response to a new Infectious Disease, so im excited about the new tests that are being put out there. I think that well have new testing that will allow us to then open up new places, whether its schools, whether its places of entertainment and the like, but what we need is a test where we can get the response as to whether or not somebody has an active infection in realtime. That is within minutes as opposed to hours or days. Cheryl you mentioned schools i want to ask you about what happened in georgia, a high school there. This photo went viral im sure you saw it of kids Walking Around together, maskless. Kids think they are invincible. Thats been happening since the beginning of time. I think i thought i was when i was a kid. We all did. Cheryl but how do we reopen schools safely. If you were still in office what would you do . Again this is a new Infectious Disease and you have to follow the Public Health guidelines that would occur for anything whether its mumps or measles or chicken pox or anything where you wouldnt necessarily have an immunity to it and that means, social distancing is imperative, masks are imperative, hand washing is imperative. If you feel sick you ought to stay home, from a school standpoint, maybe some classes outside, maybe splitting up the day half and half, so that the entire school isnt there at onetime, possibly having individuals especially at lower grades going through the whole day with the same bubble or cohort if you will. Those are the kinds of things that can make school much more, much less likely to be transmissible. Cheryl kids need to go backtoschool, theyre missing that interaction so much. It really is. Wish we had more time. Sir thank you so much for coming on please come back very soon its great to have you on the show. Thanks look forward to it appreciate it. Cheryl the dow is down 65 were coming back, s p and the nasdac are in record territory by the way weve got 20 minutes to go. Now first it was tiktok and we chat. Now alibaba . Coming up well have a Temperature Check on chinese ecommerce giant alibaba plus charlie breaks it over the new york mets, who was safe, who was out, i had to say that. Thats coming up on the claman countdown. 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. Theyve really stood the test of time. Much like these majestic rocky mountains. Which must be named after the. That would be rocky the flying squirrel, mr. Gecko sir. Obviously ahh come on bullwinkle, theyre named after. Our first president george rockington that doesnt even make any sense. Mr. Uhh. Winkle. Geico. Over 75 years of savings and service. But what if you could stdo better than that . K. Mr. Uhh. Winkle. 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. Cheryl well, after his executive order banning chinese giant bite dance and tencent from doing business with american companies, President Trump indicating more chinese firms could be on his chopping block at a press conference saturday, president said he was looking at taking punitive actions against more chinese firms, possibly including alibaba and baidu. And alibaba stock dipping this morning and now its up about 1 and baidu is up almost 6 but thats after the earnings in particular for last week. Well the race against the clock for tiktok in high gear but its another major league bid bidding battle that is sparking breaking news during this hour. Weve got Charlie Gasparino and some really great new headlines and the fight for the mets whats going on charlie . Charlie well cheryl over the weekend, there were reports that j lo and arod said they were in the lead to buy the new york mets they had apparently, the top bid, and it suggested that other potential bidders including the very deep pocketed Hedge Fund Star steve cohen was out of it, and harris entertainment run by other Hedge Fund Private Equity executives they were out of it. Here is what we know right now particularly in terms of cohen. Sources close to steve cohen are telling the Fox Business Network that he as of now, now i only say as of now because he may wake up tomorrow and change his mind there is always that theoretical possibility but what im hearing is he is still in the hunt to purchase the mets. He is as of now, again, im just hedging because that life is strange, he is 100 certain to make a second round bid and those bids are coming due augusn it. Arod may be in it but we should point out that steve cohen does have the capital in his back pocket to buy the new york mets. There have been reports that have not, ive looked to confirm them and deny them, or get them denied. Steve cohen made 1 billion last year with deep pockets with a net worth of 15 billion total to really do this , to engage in a bidding war, although i dont think hes going to overbid for this. One of the interesting aspects of the whole mets saga as you know, you could say its the second team in new york after the yankees, it has a storied history, as a met fan i can tell you that. Its been losing money in recent years it has a lot of debt. I do know that all the bidders have access to the books and they were not impressed by them. Again lots of debt, lost money last year. I dont believe steve cohen will overpay. He bid initially 2. 6 billion. That was earlier in the year. Remember he pulled that back after some disagreements with the owners, the wilpon family but hes back in it now and i only hedge this because cheryl, you know, life is strange. Hes 100 into this barring some change and, you know, again, i always hedge but it looks like if he really wants to buy this team, cheryl, hes got the cash. Arod is raising money from multiple sources. Jpmorgan is helping him do this. Harris has indicated that they dont want to pay much more. They may go to 2 billion but not that much more. Steves got the money to pay up for this. Im not saying he will though by the way, depends on how much pushback he gets, maybe they want 2. 6 billion and he drops out but as far as i know right now, my sources are saying, hes 100 in, barring some change, and he does have the deep pockets to do it. Again, second round bids august 31. They should get this thing wrap ped up some time in the fall cheryl back to you. Cheryl i love when you cover sports and i didnt know you were a mets fan. Thats a tough fan. Charlie long, suffering, i want to give you a little insight. My old man was an original mets fan because he used to go to the old polo grounds which you probably dont know about but a couple of new yorkers watching this will and used to watch the mets who got all the old players from the brooklyn dodgers and the yankees. I believe yogi bara was the starting catcher for the new york mets when they debayed in 1962. Cheryl im rooting for you really Charlie Gasparino, its great to see you, sir. Closing bell is coming up, with 52 points to the downside right now coming up next, forget big and long, the countdown closer says the key to success is shorter and smaller when it comes to bonds and stocks with ways to play it, hes coming up. 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. Cheryl with just minutes to go before the closing bell looks like the nasdaq as well on its way to closing at a new record high. The s p still just slightly below magic number is 3386. Were at 3383. Were kind of close to that new record for the s p. Ecommerce retailer overstock getting another big boost today after piper analyst gave it a overweight rating and 140dollar price tag. It is at 118. The stock is up whopping 1500 yeartodate. Brokerage firm says seismic forces like refocusing on Home Furniture business has upgraded the profitability outlook. Brickandmortar retailers with more than 20 Companies Reporting this week. Lauren simonetti with the latest on two of the biggest names coming out tomorrow. Lauren. Lauren start with walmart, cheryl. Theyve been a pandemic winner. It costs mon to operate safely and make delivers are. Earnings fall 1. 6 . Revenue to rise 135. 37 billion. The stock is up only 7 the past three months. Compare that to the s p retail etf that sup 40 . I want to be fair the etf includes host stocks, overstock, wayfair, also amazon. Speaking of which analysts look to hear any executive comments on the rollout of walmarts Subscription Service to rival amazon prime. That could provide the juice to get the stock to break out again. Kohls reports in the morning. Were expecting a loss of 83 on drop of 26 on revenue. That should be 3. 09 billion. Kohls is making advances on line. That is a positive. Dont discount back to school spending. It will look different this year. It will come later. Kids need classroom supplies at home plus the expensive technology. Cheryl . Cheryl that is good point about check. Homeschool is happening this year. Lauren simonetti, thank you very much. Appreciate it. Lauren dont i know . Cheryl you know very well. Investors have been pouring into large u. S. Stocks and cash to fight pandemic uncertainty but todays countdown closer says that is problem. Mark madsen, founder, ceo of madsen money. Mark, i known you for years. I followed you for years. Youre saying this move whether into cash, big names, apple, amazon, were making moves to Large Companies were kind of making a mistake. Why you do say that . I think the first mistake you mentioned was going to cash in itself because over the last couple months 1. 5 trillion have left stocks, equity based mutual funds and bonds. People have been panicked. They have been selling going to cash. The market has been up 30 since the bottom or higher since that they have lost that. Now theyre still kind of licking their wounds wondering whether i should get back in. For those that are in, theyre mostly loading up on large u. S. Companies. It reminds me of 95 to 2000. The u. S. Made 20 and last decade lost 10 . Nasdaq, were up 400 for five years. Lost 80 in the crash. It took them years to recover. Investor are making mistakes. Large u. S. Stocks, nasdaq stocks and not diversifying. Cheryl that is interesting. I want to ask you a issue about the bond market. There is normally safety in bonds but dividends have been real weak. What do you say to an older investor who likes bonds . Especially if offsets volatility in equities. Investors are trying to make a mistake. Dividends are so low, in an attempt to do that theyre buying longer term bonds, when Interest Rates go up you get hammered in long term bonds. Theyre buying what brokers call highyield bonds which are really junk bonds. They have extremely high default rate especially in market crashes. So they dont do a very good job offsetting the risk involved in equities. Theyre not very good diversifiers. For investors with fixed income, short, high quality, diversify the equities globally. You will have fixed income to rebalance on equities when youre down. Cheryl global thing is interesting. The pandemic is been global. Europe, for example that have been hit hard. Is there a part of the world you like more than others . Not really. No one can predict which asset category, which country will be superior. What i would say, if youre going to diversify internationally dont just diversify in europe or asia. You also want to look at emerging markets. A lot of countries other people dont have, malasia, egypt, thailand, some countries can be great diversifiers long term and relative to the u. S. Market theyre actually depressed. Therefore they make actual opportunities to rebalance selling excess in the u. S. And buying emerging markets. Very few investors want to analyze portfolios today have any emerging markets at all. Cheryl i hear you. Mark madsen, good to see you. I like the new haircut. Mark matson. We have a new record for the nasdaq. [closing bell rings] s p looks like well fall a few points short. The nasdaq at the 33rd record of the year. 159 records under the president. Here we go with a nasdaq making a record. I will be here tomorrow for the claman countdown. Melissa on the ground in the midwest, President Trump touting the economic recovery in minnesota. Nasdaq closes at a new record high, its 33rd close of the year. S p will close just below record territory here. The dow kicking off the week slightly in the red. Im Melissa Francis this is after the bell. Here is Connell Mcshane. Connell good to see you again, melissa. Im reporting live today from racine, wisconsin. A beautiful place. You see Lake Michigan behind me. Were 40 miles to the south of milwaukee, on the very day that the Democratic Convention kicks