Line here, it too on track for a record close. An effective vaccine now more important than ever as the pandemic death toll today topped 250,000 americans. Yesterday alone, more than 1500 people died. One of the biggest obstacles to rolling out a new vaccine, we talked about this, maintaining the ultralow temperatures needed to transport tens of millions of doses. The ceo of the u. S. Company that says it can get it done is here. Hes churning out his medical grade freezers as fast as he can. We will show you what it takes to achieve refrigeration nation. With cases spiking, businesses, yeah, you will dread this, sending workers back home again. Are you dreading zoom group calls . We are about to show you a new video platform that may have you considering the switch. Plus, chris krebs, that trump appointee the president fired last night by tweet for saying the election was secure, has just himself tweeted out a defense. We will show you that tweet and the two protrump senators siding with krebs right now. All right. Stunning news from pfizer. Weve got to get to that. Its hurling the drug maker and its german partner biontech to the forefront of the race to end covid19, a disease that has now killed more than a quarter million americans. Pfizer says its going to seek emergency approval quote, within days, for its covid19 vaccine after final trial results actually showed their shot had a 95 success rate, not 94. 5 , 95 . Not 90 . 95 , no serious side effects. There are reports the fda will likely take a look at the data next month. Joining us with whats next in the emergency use authorization process, which involves a lot of business and supply chain, is blake burman. Blake . Reporter it does indeed. When you look at the timeline, pfizer applying for that eua, emergency use authorization, likely within the upcoming days here. The fda has already said in recent days that that process might take weeks, so potentially here, potentially, a Pfizer Vaccine youre looking at some part at the early or middle portion of december. We just got off of a reporter call a little while ago with the top officials on operation warp speed and i got to tell you, it was interesting listening to the top scientist, dr. Slaoui. He was bullish on moderna as he was on pfizer. The doctor was asked well, what happens if theres both vaccines out there, how will you determine which patient ends up getting which vaccine . This was his response. It would all depend on the reviews by the fda on the minutae of the data, exactly whats labeled, the safety profile, et cetera. They are very similar in their making and in their performance, and therefore, i dont think there should be any constraint on who gets what vaccine. Reporter we also heard from the Johnson Johnson ceo as he spoke to David Rubenstein during a virtual d. C. Economic club event. The ceo was fairly optimistic or at least hopeful as well on the prospect of the oneshot vaccine at his company. We use both formats, one and two shots, and we are going to have to find more information. The early data that we were able to generate both preclinically as well as in the clinic in our phase 1 trial suggested we do have a robust response, and that is again, how the body responds in producing neutralizing antibodies, with one shot. Reporter so lots of optimism in the upcoming weeks as to what might be. I should mention that during that operation warp speed press conference that you saw there, the top general who is in charge of all of the distribution of this, whenever there is a vaccine, said that when there is a vaccine, within 24 hours, the military will be ready to get it out the gate and get it where its needed. Liz . Liz which is a perfect segue, blake, to our next story about that race, of course, for a vaccine as it looks like its heading straight for the finish line. We really only hit a mile marker. Next challenge, what blake talked about, getting it out there but security the most important thing required to keep the vaccine stable as it rolls out. Ultralow temperature freezers, elt, theyre called, they are needed to store and transport the potential lifesaving vials. Ohiobased stirling ultracold makes the only commercial freezer with variable temperature setpoints ranging from minus 20 degrees celsius to minus 80 degrees celsius, the precise range moderna and Pfizer Vaccines need. To athens, ohio, where the ceo dusty tenney is taking a moment during this very busy time to speak with us and show us how it works. You are really very much the man in demand, dusty. Tell me what your world has been like the past couple of weeks as these vaccines get closer and closer to being ready. Yeah, its been rather dynamic in many different aspects. Lot of reach out from a multitude of different customers that are really trying to position to deliver the vaccines, recognizing the pace at which thats taking place. Weve got 150 hardworking people here in athens that have been working pretty much straight out to position the tools that we have been able to put in the marketplace that support that minus 20 to minus 80 degrees celsius thats critical in terms of making sure we have the efficacy and viability of those vaccines. Liz i want to explain to our viewers why this matters. Cold chain failure, thats when the electrical current to one of these freezers goes out or whathave you, has actually destroyed or ruined, i was reading this, 2. 8 million vaccines lost during that lastmile delivery in five different countries. This is extraordinarily serious. We do not want to see that happen because every vial is incredibly important. Explain how your freezers work and what makes them the best option here. Well, theres a couple dynamics that we have in our freezers. First of all, we use a proprietary technology called stirling engine. Thats a unique device that ultimately gives us the ability to actually maintain temperatures between minus 20 and minus 86. On top of that, its very very reliable. The system itself is robust, its a closed loop system, and the ability for us to actually scale both at freezer farms, which we have collaborated very closely with a lot of logistics companies, and on top of that, we have taken the opportunity to mobilize down to that last mile which is probably the most critical element that you noted, liz, in terms of being able to really be successful in getting vaccines from that distribution hub down to the respective point of use clinics that will ultimately be administering the vaccines. Liz talk to me about exactly how they work. I believe youve got one right there. Perhaps you can kind of show us a little bit. I know that its adjustable but in what increments, because it does span, its got a pretty good spectrum here of temperatures that it can handle, and you know, give us some golly gee whiz facts about it. Is there an alarm on the door . Is there an l. E. D. Keypad, anything that can make sure that nobody can access it except the people who need to . This device is actually located with me here today called the ult25. You can sort of think of that as what i consider as a beach cooler that has a stirling engine on it that ultimately takes those respective temperatures in onedegree increments. It has an onboard computer and that computer basically continuously monitors the temperature inside the freezer itself. Basically, as you would think about as a beach cooler, you would open up the lid and inside the lid, you would have a compartment in which the vaccines would be stored. Weve got trade designs we built specifically to support the variety of different vaccines that the drug makers are moving very fast with. Ultimately, it does alarm and this device is highly portable. It can plug into power ports on vehicles so when you start to think about that last mile and getting it down to the clinics and pharmacies that will be using it, this is going to be a very very important device in order to be able to enable that control of temperatures which is critical for the efficacy of the vaccines that will be delivered. Liz i know our viewers might want to just peek inside. Can you reach over to that one over your right shoulder . I think i can here. Just a second. Yes, i can. You can probably see a little bit. Liz we can see it. I want to see the inside. Okay. That does look like a cooler. It does. We have actually an inner lid inside to keep the vaccines cold throughout that journey and as i said on the front part of it, even though i can probably rotate it here for you, it does have a computer that monitors the temperature constantly and provides continuous feedback to any remote device in the market. Liz 80 market share with big pharma companies. The company is called stirling. Good luck to you guys. My floor guy, greg, is like does it do beer . No beer. Im not sure beer would be the appropriate device but it does a great job on vaccines and biologics. We look forward to being part of that distribution stream and ensuring that vaccines that get manufactured ultimately support the needs of our population. Liz it is extraordinarily serious work and we are thrilled to see that its being done right there in athens, ohio. Thank you so much. We are watching this story very closely and as we now shift to home improvement, why are we talking about that . Well, it is still where the heart is for consumers. Redhot Sales Numbers and Economic Data igniting some major moves in stocks. Not in the direction you might think they would, though. Weve got the numbers you need to know. Plus our floor show traders on how to diy your portfolio to athome glory. Closing bell ringing in 49 minutes. Dow jones industrials enduring a swing of about 300 points. Right now, down 71. Stay tuned. Well be right back. Liz fox business alert. At this hour, weve got some electric vehicle intrigue. Listen to this. Nikola and gm burning rubber right now after a web post reportedly appeared and then disappeared on gms site claiming the two had signed a deal for nikolas badger model to be built with the auto giants battery system and also for gm to be nikolas exclusive supplier of hydro tech fuel cells. Nikola is surging here, up about 14 . Gm getting a nice move here, up 3 . Even though both Companies Say nothing to see here, folks, keep moving. Nothing new to report. But gm is set to outline an expansion of its ev strategies tomorrow as it works to dethrone reigning ev king tesla. But that challenge, not slowing elons ev empire down or the fans out there on wall street. Morgan stanley upgrading the soontobe s p 500 component to overweight on what the firm is calling the very real opportunity of the internet of cars. As auto sales shift online. Tesla gained today another 11. 33 . What a surge since january 1st. Nice move here. The ev wars not only raging here in the u. S. But also in china. Nio hitting some speed bumps out of the gate today, down nearly 9 at the session lows. Nio still down but just by 3. 25 . Despite reporting a pretty massive 148 surge in Third Quarter sales. Rival xpeng is down. 75 but li automotive breaking away, up 2 . A win for davids over apples goliath. Antimonopoly pressure getting to the tech giant as it announces it will slash its App Store Fees by 50 but only for smaller App Developers who make less than 1 million from app store purchases. Apples stock is flat on the session and we should mention that todays win still does not help the gaming giant at all, who initially blew the whistle on the tech titans fees. Fortnite creator epic games filing new action in australia against apple, extending the battle that has been raging here in the u. S. Since august. Of course, tencent is a company that owns the biggest chunk of epic games. New Home Construction spiking in october. Jumping nearly 5 from september, according to the u. S. Census bureau. The surge driven by a 6. 4 rise in Single Family starts while every region except for the northeast saw an increase in housing starts. That rush of people fleeing urban areas to buy up any empty house or land is helping Home FurnishingCompanies Like lazeboy which is hitting an alltime high, yeah, the lounger, right . You got the beer holder . The pillow, the whole thing. Tjx company also surging after beating estimates thanks to strength at its home goods stores. That Company Moving up 2. 33 . Home improvement store lowes sinking even after earnings benefited from Home Projects amid the pandemic. Its down 7 . Investors unhappy with holiday profit forecasts that came in below estimates. To our floor show traders. Teddy and scott. Teddy, with the rush to suburban areas away from those urban, you know, very very crowded areas, thats still in full swing, what are the trades here . Does that mean investors should avoid any company thats doing building in the urban areas, skyscrapers or reits . I think this will continue. There are two big factors here. Number one, you have a very low Interest Rate environment vis a vis mortgages and the fed has indicated thats not going to change for any time in the near to intermediate future. Number two, you have what i would call the toxic politics of the big urban centers, where you have people fleeing, either fleeing covid or fleeing higher taxes, but the bottom line is people are leaving the high tax states and going to the low tax environments. That trend started well before covid and my suspicion is it will continue. I think all the strength we have seen in new formations, new homes and in building, which flows to stocks like lowes even though its down today, and home depot, you know, you could pick your poison, they will all benefit and i think this trend continues and i think if you own these stocks, you want to stay long. If you dont own them, you want to look for an opportunity to buy them. Liz scott, i get the Home Builders. But there is an area that is a little less obvious that youre looking at that youre seeing some trades start to nibble at here . Sure. Couple places. First, you mentioned reits. I think its a really good time to start nibbling. The reit market got absolutely destroyed, it has recovered back somewhat, but as we start, you know, with the reopening, these could be a really, really good place to park some money longer term. In terms of some individual stocks, related to the Home Builders, theres two i really like. Trex is one of them, its that outdoor deck maker. The fact is that almost 25 of every new home being built has a new deck on it. The fact they use sustainable products, they love that. People love that. I love that company. Number two, overstock. Yes, you are going to say scott, the stocks up 900 this year already. Overstock. Com after this little selloff to me is a buy opportunity. They have really transformed into an online home goods company. They used to just sell everything, any kind of overstock merchandise. They really have transformed themselves into more of a Home Furnishing, home goods online seller here. I really like the upside potential there. Liz trex is a fascinating company. We have had them on. Their stuff is on my deck. Ants and bugs cannot eat it, termites are like no can do. I love trex. I like that pick. Teddy, you will get nothing and like it. We love your picks, too. Great to have you. Gentlemen, thank you. It is fascinating to see that all the Home Builders are up right now and the reits that scott, we had them on, theyre down. Folks, dont buy things when theyre up. Okay . We want to buy lower, not higher. All right. Costco, the place where you can find just about anything in bulk, now as you stock up on turkey and trimmings for the holidays, costco offering something really fascinating here. A new way to safely travel to grandmas for thanksgiving but will it cost you more than the discounts usually price . A pretty penny. Well be right back. Dow down 106 points. Stay with us. 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. Lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 is 300 for 339 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. And well make your first months payment. Im dorothy hamill. As i look toward 65, im thinking about medicare. I know i want coverage that connects all the different parts of my health care to keep me aging actively. Keep doing what you love. Thats the aetna Medicare Advantage. Nellie young lost her devoted husband. Without him, things were tough. 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Of course, you can use it to pay some bills, cover medical costs, update or repair your home. But best of all, it eliminates those monthly mortgage payments so you get more cash in your pocket, every month. Learn how you can use a reverse Mortgage Loan to cover your expenses, pay for healthcare, preserve Retirement Savings, and so much more. A lots changed since 1961. 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 liz okay. Avert the childrens eyes because boeings stock was trading this morning at 223 per share but now look at it. Its in the red at 205 a share with about 35 minutes of trade left. Why did it pop this morning . The faa gave the thumbs up to allow the controversial 737 max jet back in the air. It had been grounded since march of 2019 after a pair of fatal crashes killed 346 people. But look, no matter what the faa says and the head of the faa is a test pilot, he flew on it, he says its okay now, some business and tourist travelers say they dont want to fly on that jet. To Kristina Partsinevelos at Westchester County airport in white plains, new york, where costco, yes, costco is here to save the day . Reporter yes. They saved the day when you need to stock up on toilet paper, laundry detergent, lots of pickles and of course, now a 12month membership to private jets or to Access Private jets like this. This is a collaboration between costco as well as wheels up. Its going to cost you a hefty 17,500 but that includes a 4,000 flight credit, a few thousand dollars to costco in a gift card. Theres a few other perks as well. The only catch, though, is this 17,500 membership fee with costco doesnt actually include the price of flying so i caught up with the ceo to ask him just how much it would cost to lets say go to boston. Listen to what he had to say. What does it mean when you want to go to boston from new york or new york to florida . Youre looking at about 5,000 or slightly less. Florida, 12,500, 15,000. We are dynamically priced. Reporter we know that its not cheap and across the board, airlines, private and public ones, are just trying or general ones, i should say, are trying to lure travelers back into the skies. You had the ceo of wheels up say that business has been doing really well. Why is that . Its no longer just the business executives. Youve got the wealthy vacationers and those that feel maybe its a little safer to be flying these private jets. Of course, if you can afford it. Across the board, 17,500 for such a membership but there is a cheaper option on costcos website with wheels up, called wheels up connect. Its a little less than 2,000 but you dont get pretty much any of the perks. And cheesy, i know, but no free samples. I have been trying. I tried to work the ceo into getting me a flight but didnt work. Liz yeah. Its not makeup or, you know, at whole foods when you walk in okay, any free samples. I like your thinking. What kind of jet is that that you are leaning against that they do offer . Reporter this is a citation xl. Good thing i know that because that would have been a big question. Its a citation xl. It fits eight people. If you are flying to boston like you gave the example, a few thousand dollars, it will cost you 550 a person so it varies. Bostons pretty close. It will change if you are going to vegas and definitely get more expensive once you go international. Hes breaking it down saying its more accessible. Thats the whole point. They are trying to open up the skies to more people aside from the ultrawealthy. Liz yeah. Yeah. Well, when costco goes into the private jet business, fascinating. Kenny founded moarquee jet. He knows from private jet businesses. Great to see it. Thank you very much, kristina. Folks, if you are booking at the last second, trying to get, for example, first class ticket, its thousands of dollars. Its a little bit of a gap between that and this, but desperation, right . Zoom ruling the stayathome movement, shooting even higher today after new York City Schools announced they will be shutting their doors tomorrow. But could a Silicon Valley stalwart be about to blow that Video Conferencing competition wide open just in time for new lockdowns . A ceo is about to show you something brand new hes got up his sleeve next. With the closing bell ringing in 29 and a half minutes, s p, dow, they are in the red. Russell just turned negative. The transports and nasdaq, both higher. Stay tuned. vo im a verizon engineer and today, were turning on 5g across the country. With the coverage of 5g nationwide. And, in more and more cities, the unprecedented performance of ultra wideband. The fastest 5g in the world. It will change your phone and how businesses do everything. 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Humana, a more human way to healthcare. We all have our own journey ahead of us. Our own hopes and dreams. Well pass many milestones. Moments that define you. And drive you. To achieve even more. So, celebrate every one. Because success isnt just about where you want to get to. Its also about how you get there the all new 2021 cadillac escalade. Never stop arriving. Liz with the sudden 42 increase in covid fatalities here in the u. S. , businesses that had gingerly begun inviting workers to return to the office, they got to send them right back home, to reluctantly fire back up, yes, the dreaded zoom conferences. Could the pandemic superstar stock be under attack . Cloud computing giant avaya has just unveiled new Video Technology that it believes could have you zooming away from zoom. You are about to see it here in a fox business exclusive. Courtesy of avaya ceo, jim chirico. Big group meetings, via Video Conferencing, have become somewhat painful for people. You cant see half the participants without having to swipe to different pages. Show us what you have unveiled concert view. Yeah. Sure. First of all, thanks for having me back on the show. I really appreciate it. Today, we reported excellent earnings above our guidance and its really driven by our transformation to cloud which we doubled just in the last year and now represents 33 of our revenue. Whats really fueling that growth is exactly what you mentioned. Our work stream collaboration platform and one of our products is called spaces. Spaces is a b2b, global scale, its a collaboration as well as video, text messaging platform and in fact, we Just Announced, we were able to have 61 sort of Hollywood Squares if you will all at one time on our concert screen. We are continuing to increase our collaboration and we are the worlds leader and enterprise not only communication but collaboration as well. So we are excited about our performance and we are certainly excited about the uptick on our new products. Liz okay. We are showing concert view. 61 people can be shown. I can tell you thats Pretty Amazing because up until you guys, you really had to be limited and so if somebody were speaking and they didnt jump over to the other page and youre sitting there, you got a couple dozen people on these meetings. But how were you and your team able to achieve this . How do you think it will drive customer usage . Well, you know, when we went public three years ago, we looked at our technology and really repositioned our entire portfolio with the lens on making sure that we not only grow but we grow within cloud and we have done exactly that. We are generating growth across all segments, including our collaboration platform. If you take a look, our recurring revenue which is a real indicator of cloud growth, we grew over 400 last year, far outpacing any and all cloud companies. 88 of our revenues today are software and services. Just last quarter alone in the face of the pandemic, based upon our technology, based upon our innovation, we added 1500 new customers alone last quarter and we signed 135 contracts, each of which with more than a million in revenue totalling over 400 million from that base. So its not only a real testament to our ability to innovate but a real testament to the relevance of our technology. Liz yeah, jim, we just showed some of your partners. Among them, disney and these Big Corporation names. But youve got a lot of universities. My alma mater among them, uc berkeley, yay. Tell me what youre seeing because new York City Schools have Just Announced weve got to go back to home schooling at this point because its just too much, a lot of universities are shutting down. I had to take my kid home from syracuse. Its really happening quickly. Yeah, i know. Thats exactly right. In fact, i couldnt be happier to see that at least we are on the forefront of getting the vaccine. It cant happen soon enough. The fact is as bad as covid19 has been for all of us, it has sort of flipped, if you will, and provided a lot of opportunity from an enterprise perspective as theyre now spending on one, the transformation to digital but more importantly, really doubling down on customer and employee experience. Were seeing a tremendous amount of opportunity on our workfromhome, work from anywhere solutions as well as really enabling the capabilities and efficiencies for their employees to work from anywhere. I think thats why customers are coming to avaya, we are a Global Company operating in over 180 countries. We have the solutions, we have the Technical Expertise and more importantly, we have the services to support our customer. So rolling out new applications like spaces is extremely important. And one other thing i would like to note on spaces. Thats only been in the market for nine months and we were just recently awarded as one of the new Exciting Technology offers in the marketplace today. Its a really nice tribute to the efforts that the team has worked so hard on. Liz yeah. Just so people know, its like the oscars of software. Jim, congratulations to you and the team. The stock is down today, but it is up 61 year over year, folks. Remember what i was saying about buy low, sell high. Great to see you, jim. Thank you very much. Jim chirico. Markets right now, lets take a look. Yes, its a mixed picture here that has turned all red. So much for the dow transports record close. It could still happen. We have 20 minutes left. Right now the dow transports have converted to down, 28 points. Stay with us. Businesses today are looking to tomorrow. Adapting. Innovating. Setting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. Your journey requires greeliberty mutual. They customize your Car Insurance so you only pay for what you need. Liberty power wow. That will save me lots of money. Youre insured this games boring. Lets get tacos. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Liz breaking news out of wisconsin. The Trump Campaign has filed for a recount in milwaukee and dane counties, claiming ballots were illegally altered or issued among other accusations. The president lost to president elect joe biden by just over 20,000 votes in the badger state on election day. Thats less than 1 . The recount move coming as chris krebs, the Administration Official who the president fired by tweet last night for insisting the 2020 election was the most secure in history, is now defending himself against the rumor mill. The former microsoft cybersecurity executive appointed by donald trump to run the Homeland Security agency that secured the election process tweeted in the last hour and a half quote, rumor control, i never claimed there wasnt fraud in the election because thats not his agencys job. Its a Law Enforcement matter. We did provide info on measures Election Officials used to prevent and detect dead voters, though. Dont buy it and think twice before sharing. Krebs had issued a statement along with other Agency Chiefs saying the 2020 election was solid. The day before the election, krebs posted a warning on social media to u. S. Voters, look. Election experience is designed to ensure the technology is not a single point of failure and there are measures in place to ensure that you can vote and your vote is counted correctly. You should have confidence in the integrity of the process and dont overreact to claims that exaggerate the importance of insignificant events. Liz all right. President trump called krebs postelections statement quote, highly inaccurate but interestingly, today senator ted cruz was one of two senators, the other being lindsey graham, both of them have supported an election investigation that they appear to side with krebs assessment. From everything i saw, it appeared that he did an able job in a difficult, important role. Liz now, in the last few hours, cruz and graham are joined by texas republican congressman will hurd who tweeted chris krebs was a true patriot, hes instrumental in us having one of the most secure elections in history. His service should have been rewarded, not dismissed. All right. So the intrigue continues. Check the dow. We are down 222 points. We just hit a new session low of down 259. We are off that right now. Let me get to this story. Dish Network Chair and former poker player Charlie Ergen looks like he didnt play his cards right in a bid to buy more spectrum. Charlie gasparino has exclusive news on ergens losing hand. This is moving the stock, charlie. Charlie yeah. You know, he may have lost this hand, but this whole sordid story, im going to unpack it a little bit, give me a few minutes here, is why you still want to be playing cards with Charlie Ergen and why people hate negotiating with him. Theres lots to talk about. At t teaming up selling its directv subsidiary to dish in some sort of joint venture. Theyre not crazy to deal with Charlie Ergen. Hes a wild man. Heres what happened. Back in 2015, he bid on 12 billion worth of spectrum. He bid for it through two companies which he claimed at the time he was only tangentally related to. He didnt have control over it. Thus, he got a Small Business discount from that. Knocks 3 billion off. Follow me on this. The government comes back and says no, you really did control it, he sues the government, it goes back and forth, he gets fined 500 million. In the end, the d. C. Circuit court says no, no, lets give charlie one more class and bounce this back to the fcc to see if he really did his Due Diligence and didnt really own these two companies he bought the spectrum through and that its really an arms length transaction. Last night, ajit pai comes back and says those two companies were basically owned by dish. Charlie, that 3 billion spectrum license is ours. Were going to sell it. You dont get it. And heres the rub, liz. If they sell it for less than 3 billion, that was the original price all told, 12, knocked down to 9, they want to make up 12, the government has to get 12 so they need to get the 3 billion. Anything less than that 3 billion, Charlie Ergen and dish will have to pay. Now, we should point out hes probably going to go into contest this in the d. C. District court. Its probably not going to matter because this was a unanimous ruling. It was 50. Both republicans and democrats on the fcc voted against him on this. So its probably going to stand and the way the d. C. District court works, they remanded it to the fcc for a ruling for a reason and now they got that ruling. We should point out, liz, fox business got this exclusively. This is not a public notice. But we have confirmed it, it was a 50 vote, i confirmed it with my sources close to the fcc. We should point out the fcc is not commenting although it will be made public in the next couple days. Dish is not commenting, which we will tell you that they are trying to figure out what to do next. But again, big story. Now, in the upshot, so he owes 1 billion. Dish doesnt have a great balance sheet, to begin with. Its trying to be that other wireless 5g carrier, right. It needs the money to do that. This could put a little bit of a dent in that. It could be an issue for that. Thats why this is affecting the stock and its affecting people whashgs they thi , what they think about Charlie Ergen as well. Im in awe of the guy. Hes got what do they call it, brass . Thats Charlie Ergen. Back to you. Liz well, in my neighborhood, its chutzpah. Im sure in your neighborhood its a little different. Charlie, thank you very much. Okay. Good to see you, charlie. Thank you. Good work. The dow right now has just come off a new session low of, what is it, 230 . 295 . 296 is the latest low. We are losing steam fast. Yes, boeing has completely reversed. Thats part of the problem. When we come back, we will check more on that and weve got the man who back in january said the blue chip index would hit 31,000 by the end of this year. With a little more than one month left and about 1300 points to go, hes here again with another big call that you must hear. When i was in high school, this was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. If you are ready to open your heart and your home, check us out. We thought for sure that we were done. And this town said not today. Liz, folks, so in the commercial break we fell 300 points for the dow jones industrials. My team is looking. Chevron is the dow laggard here. Is down 2. 50, or nearly 3 . That is what is dragging that index down along with boeing which is down about 2. 8 . Let me just explain something here. Look at the comparison between what chevron is doing and what tesla is doing. Tesla is jumping 10 and you know, chevron has apparently told another network, cnbc, oh, listen there will be great demand for crude anyway. What we do, even though electric vehicles are jumping the market is saying otherwise right now. So, that is what happens when you go on the other business network. Your stock false. Just kidding. Not necessarily but hey, im going with that. History not in the making at this hour. Stocks are broadly retreating but graphics and a. I. Chip giant nvidia is out with earnings sortly. Investors will learn if the pandemic is kind to the chipmaker as more people stayed home this is big in the chip graphics world, right, cheryl . Reporter it is, liz. Nvidia reports fiscal 2020 earnings after the close. The stock is up amazingly up 72 the last six months. Fairly flat now. That is big gain. Graphic chip Powerhouse One of the Better Stories not only in chip stocks but entire technology sector. Here is the early read on the stock. Here is what we expect. Earnings per share 2. 57 which would be 44 increase yearoveryear. Revenue, 1. 46 billion which would be 46 1 2 jump yearoveryear. Can the run continue . Nvidia is three times larger than rival amd. Worth 100 billion more than intel. Nvidia has growth capabilities in key markets for graphic cards particularly those used in the videogames. They have taken the lead in chip production in areas like network data centers, autonomous vehicles, Artificial Intelligence and a lot more. There are the chip makers, kind of a mixed bag, lizze. Well see what the company says after the bell. Liz well be watching for nvidia results as the dow retreats at this hour with lets call it three minutes to go before the closing bell rings, retreats from spitting distance of 30,000. We have the man who called dow 31,000 a year ago, said it would happen by the end of this year. Bring in ken moray, senior retirement planners. Great to have you. Ken, where is it . Were not there yet. Were at 29,482. Are you Still Holding with that call . You know when the year started i said 31,000 i did not know it would take the ride we have taken to get here but i can tell you with the possibilities of a vaccine and also with the possibility of a stimulus package i think it is possible. It is still in the cards certainly. The key thing for me to look at is the stimulus package and whether we get one or not. Or this year but also next year because even though we may have a vaccine and it looks like we will, people are not going to get rehired if companies are not hiring and companies are not going to hire if the consumer isnt spending. If the consumer isnt spending because no stimulus. It all starts with the stimulus package in my view. Liz, yeah, we could jump 600 points in the blink of an eye, making it 31,000. Calling your next big statement Consumer Discretionary at the moment. Why do you like this space, what is it about it . Well you know if youre like me you havent been spending as much as you have in the past while youve been staying home and hiding from the pandemic and all that kind of stuff. So there is a lot of pentup demand. Again the stimulus package if we get that i think there will continue to be spending with the Vaccine Confidence i think the consumer is starting to feel maybe i can go out to spend money, do what i want to do, travel hopefully with the vaccine as well. So there is a lot of opportunity in the next six months to a year in consume spending for sure. Liz okay. Ken, thank you. Im ready to spend. I want jewelry. Who needs to leave the house for that, okay . Great to have you. Ken, thanks so much for joining us. All right, folks, the dow and the s p 500 set to close down for the second straight day. We are closing at the lows of the session for the dow at the momentdown 327, call it 32 points to the downside. [closing bell rings] connell maybe some big earnings reports could turn this around. Stay tuned for after the bell. That will do it for the the claman countdown. Connell the selloff accelerated in the final moments of trading. Stocks not able to sell off in the early gains with the positive vaccine results. Instead of up we closed right at the lows of the session. New restrictions in a number of cities around the country seemed to overshadow news from pfizer and biontech. That their Coronavirus Vaccine is safe and 95 effective that started us off the right way. We closed down the wrong way, down 345. Target hit a new high today. Earnings beat. Traffic picking up at