New record. So theres hope. Sentiment mixed as Congress Faces a crucial week, folks. It needs to pass a spending bill to avoid a Government Shutdown on friday as well as billions and billions in coronavirus stimulus package to help struggling businesses and americans. Weve got up to the minute details. We are about to take you live to the white house. Meanwhile, college kids now protesting tuition costs, refusing to pay after being forced to learn online during the pandemic. The ceo of Online Education company and online textbook rental giant chegg is here on how this is all coming together when it comes to the actual focus that this company was created upon. Parents and students reducing the cost of higher education. As the year of the spac continuing, this video gamings goto payments processor is going public with the backing of billionaire bill foley. He joins us along with the ceo of pay safe coming live on to the Public Markets today. All right. Lets get to the senate floor, where at any moment Majority Leader Mitch Mcconnell is expected to speak about how close or far, perhaps, congress is from agreeing upon that covid relief bill. Folks, timing, we cannot stress this enough, is crucial here. It is crunch time on capitol hill. Two weeks to go until congress departs for the holidays and the clock is ticking on not just stimulus but other key issues at hand. Jobless benefits, about to expire. And so is the Eviction Moratorium thats keeping landlords from throwing out tenants who cannot pay their rent because they lost their jobs during the pandemic. Not to mention funding the government to avoid a shutdown friday night. To blake burman at the white house, who has been hitting up his sources on breaking developments on any of these situations, blake. Reporter the fate of a potential covid relief deal should crystallize if not in the yum coming minutes, certainly in upcoming days. One of the things we are looking forward to is the Bipartisan Group up on the hill that is putting forth this 908 billion package, their idea, they are going to be releasing their legislative text tomorrow. The president s top economic adviser larry kudlow was talking earlier today in an interview with the washington post, robert costa, and was asked if that legislation ever makes it to the president s desk, would the president sign it. This was kudlows response. Listen. Its not the aggregate number so much as it is the specific policies that would be discussed and proposed. So i would say theres a likelihood he would sign it. He has indicated he has not endorsed that. He has indicated as i said before, before election and now, hes indicated willingness to provide additional assistance. Reporter kudlow says the key priorities right now for the white house are another round of ppp Small Business loans, money for schools and money for Vaccine Distribution along with added unemployment insurance. Keep in mind, though, that nancy pelosi and Mitch Mcconnell are also negotiating right now. They are trying to marry a covid relief deal with a Government Spending deal. Government funding runs out, oh, by the way, theres this, government funding runs out by friday at midnight so the thinking here in washington at this point, liz, is that they will eventually do a oneweek stopgap measure on the government funding bill. That buys them another weeks time to try to hash out and negotiate a covid relief bill. The size and even kudlow said today he was cautiously optimistic, its one of those so close but yet so far and theres really not a lot of time left, liz, to get this all done before the end of the year. Liz yeah. A continuing resolution. As we do understand, Chuck Grassley of iowa has just finished speaking on the senate floor. Again, we are waiting for Mitch Mcconnell to come speak. You can see that there doesnt appear to be a lot of activity there. We do have this live picture. Im going to punch it up the second that Mitch Mcconnell takes the podium here because this is extraordinarily important to so many of you watching. Now, even if a covid relief plan appears to be gelling and morphing into an actual bill, are we witnessing when it comes to the market kind of a living, breathing example of sell on the news, or is it something way more insidious . The daily number of new covid cases in the u. S. Has now hit an average of 200,000, overwhelming hospitals which, by the way, in the case of new mexico, now have zero icu beds to offer even the sickest patients. In just the last two hours, new York Governor Andrew Cuomo said new york city will be forced to shutter Indoor Dining if the new york state hospitalization rates dont stabilize. As other states follow, what will that do to Economic Activity which is already dragging through this new quicksand . We posed that question right now to jpmorgan chief global strategist david kelley. David, we just talked about new mexico. We talk about new york. California, of course, has implemented different forms of lockdowns again. Indiana, south dakota are almost out of icu beds. Describe what connection this might have to swamping the economy and maybe pulling down the markets as you see it, or not. Well, i think it does propel the shortterm slowdown. Its frustrating everybody wont do the basics of what we need to do in terms of public health, social distancing and wear masks. I think we will see Economic Growth barely positive, if positive at all, in the First Quarter. But i dont know that that brings the market down, because the truth is, we know the vaccine, we know there are multiple vaccines. We know we will be out of this by the end of next year and markets are forwardlooking. So i think markets are pricing in a lot of good news here but we think that good news is coming. Its just a lot of human pain, unnecessary pain, between now and then. Liz well, we saw a little bit of pain certainly on friday with the november jobs report. Can you give me a sense of how you see that . We do have the november jobs report showing about the fact that 56 of the 22 plus Million People who lost their jobs at the height of the pandemic have come back, but we saw a considerable slowdown this time around for november. It was a miss, with a gain of 245,000, and of course, way worse than what we had seen in october. Well, thats right. We still need to get another ten million jobs back and its going to take a long time if we do that 250,000 jobs per month. The problem is we have a v interrupted recovery. This economy is injured. It is injured by the pandemic. Its not really in need of stimulus because its out of energy. Its in need of support because its injured. I hope when they do come together with a package, its something that helps support businesses and unemployed workers through this while trying to push them back into restaurants and thoehotels. You have to deal with the pandemic before you fix the economy. Yes, i think the report on friday really underscores the fact that this economy is only half healed and the rest will require fixing the pandemic. Liz yes or no, will this 908 billion stimulus plan that is supposedly bipartisan do the trick, or does it need to be more . How do you view it as somebody who is, you know, obviously somebody who looks at the marke markets . It will do the trick for the next two months. While incredibly frustrating is the political backandforth about this. Stopgap for a week. People dont have a stopgap on paying the bills. They have to pay the bills. Why not just pass 900 billion right now . Its about right in terms of its size. We can come back in january or february with a new congress, new administration, and look at where we are then. Its enough money to get us through to the end of january. I think they should pass something now to help people out at the end of the year. Liz last week, this kind of caught our attention, the s p 500 index fund over at vanguard, it is huge, saw not necessarily suspicious, but a pretty large chunk pulled out. Just as we were hitting record highs, 7 billion. When you look at Something Like that, do you say you know, we have been hitting record highs, on friday we had five major indices hitting alltime records, time to start really considering taking money off the table or time to keep putting it in . Well, time to move it to different parts of the table. The overall s p 500 is selling at 22. 2 times forward earnings. Thats about 1. 7 standard deviation, to get a little statistical on this, above its average. It means its expensive. Large Cap Companies are expensive. But smaller Cap Companies arent as expensive. Value stocks arent as expensive. Particularly International Stocks arent as expensive. I think its time to take money off the table but look at where youve got that money, spread it around, put it in value stocks and International Stocks instead of large cap u. S. Stocks. Liz large cap u. S. , now expensive, says david kelly of jpmorgan. Thank you so much for joining us, david. Good to see you. Any time. Liz up next, its revenge of the college kids as students around the nation sign petitions now demanding their colleges drop the price of admission. The ceo of the company that has always helped students save cash as they learn online, cheggs c ceo. The gang that created the Online Rental textbook which saved millions of dollars for students and parents around the nation is here to assess that new trend. Closing bell ringing in 50 minutes. The dow down 209. Well be right back. A must in your medicine cabinet less sick days cold coming on . Zicam® is clinically proven to shorten colds highly recommend it zifans love zicams unique zinc formula. It shortens colds zicam zinc that cold it shortens colds new projects means you need to hire. Gers. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. 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. Se liz aliz mucs of th of thf tht dutn d agai ag ttistiss laicpu schpulchysllls actuallyreopin datoy. Isthmothininle entleyntnt ad ad dsn newn nor ycity bcityancianan lainceacinc aer aft a a bef paususe. S of unif ursnif uyy llhayswaai r daik dskkol cgele ds hav heee tnd tdd p yr y y ittuionioutta sta somend sdy s nelili sde stus atolbiol biol iversity asitysi tea tnieateeat ld sprin s t sti t s unlesnlnl inistranitors crs crs cos c of at tending the ivyeaeeaeaeay 10 . Prcen, georgetoorwnor a jns hopkins hinseinlready iuedueue 10 decree fordera n. Ittun. N. Th dont want to taitairoundu til students start screaming at them. But this is a development that chegg, the Online College textbook rental hub, is watching very closely because well before the pandemic, chegg saw prohibitive College Costs as its reason for being. Cheggs ceo Dan Rosensweig is coming off a stunningly successful Third Quarter. He joins us live. Dan, welcome. You know, does anything about these college kids fighting back and signing petitions surprise you . Only that it just took this long. Frankly, you know, the kids who go to columbia, good for them. But they are paying 60,000, 65,000 a year. The people that this really hits are the people that are paying 5,000 or 10,000 a year. You know, most of the people who didnt go back to college now are the people that work fulltime and have to go to school fulltime and when their jobs were eliminated, they couldnt go to school. Im just surprised it took this long but i get it. Look, theres the benefit to being on campus but if were not on campus, why do we have to pay for it . I think students are stepping up for what they believe in and i think this is good. I think its healthy and i think we finally have to lower the cost of college education. We have to make the content more relevant and we have to be able to figure out ways to engage more people through technology. And good for the students. Liz well, part of what you guys have been doing, aside from cutting costs of textbooks which in some cases run hundreds and hundreds of dollars, and by renting them and doing it online and enabling them to highlight digitally, i have covered your company, as you know, for a decade. Its just so disruptive and i love it. You have also now offered this online tutoring and what we found during the pandemic is that a lot of these kids, even if they are studying online, have no access to their professors. Its just not coming together. What are you seeing when it comes to your tutoring business . Well, i mean, truly, we were growing at about 32 a year anyway even though we have been public for over seven years. We have high growth and we have 80 or higher Gross Margins and we have 50 free cash flow. The ebidta has exploded since we went public. But what happened postcovid, we are now in 190 countries. When we first started talking, we didnt even know if we would ever get outside the u. S. Now we are in 190 countries. We saw 64 growth year over year last quarter. Its because of everything you just acknowledged which is students have always had limited help on campus anyway. Its difficult to get in the class you want, teachers hours are whenever they schochoose toe them, they generally push you down to tas, you cant get in, they dont scale. We do everything on demand, low cost, super high quality, incredibly comprehensive. We have over 47 million frequently asked questions that have been answered. We can answer any new question which we are likely to answer about 17 million new ones this year from around the world within four hours, with incredible high quality, so you can actually understand what it is you are trying to learn. Imagine people who are trying to balance life, trying to balance family. We are the only opportunity for them to really master the subject. Liz 40 million plus questions answered . Does it answer whats the meaning of life . Dan, let me [ speaking simultaneously ] liz okay. So your subscriber growth, this really jumped out at me, you had a boffo Third Quarter but sub growth grew 69 . Can you kind of give me the genetics of the new subscribers who are coming on . Can you detail who they are who hadnt been joining before . Yeah. So two big groups, in the United States, two big groups have discovered us now which is Community College students and a lot of people dont know 10 of all students actually go to one singular Community College system which is the one in the state of california which has over two million students, and the other one is where the world is going, places like Southern New Hampshire university or Arizona State university, which is not for profit online schools. These are people that are older, that have jobs, have families, they never get to a campus and need online support. That exploded for us in the United States and then outside the United States, when the world closed down, people it wasnt just the United States. Everybody closed down. First time students around the world went to the internet and said how can i get help and they discovered chegg. Unlike the United States, they have able to find smart, safe ways to get people back into school. They are back on campus, yet our growth has not slowed at all around the world. So we expect to be a super High Growth Company with incredibly high margins for years to come because fact of the matter is, just ask yourself these questions. Are there going to be more students or less in the next couple years . More. Are they going to need more help . More. Are they going to be paying for it themselves, likely. Are they going to need to do it at scale and affordably, yes. Will they need to do it across every subject they take . Of course. Thats what chegg was built for. This is our time. Liz dan, your stock is up 100 over the past year, year to date. Really nice to see the company doing well and doing good. Thank you so much. Good luck to you. Thanks, liz. You were one of the first to support us. I really appreciate it. Liz hey, thats what we do. Dan rosensweig of chegg. We have this breaking news. The number two democrat in the house, congressman steny hoyer of maryland, is now saying the house will vote on wednesday on a oneweek temporary government funding bill while negotiations continue. Okay. This is what blake burman was saying, that you would probably see a vote on the continuing resolution to buy about a week so that they could figure out how to come together on a spending plan so that they could keep the government running. With everything going on, get this stuff done, congress. We are still waiting to hear from senate Majority Leader Mitch Mcconnell on the current state of stimulus talks. But as you heard david kelly say, we really should be calling this relief talks, not stimulus. Its the relief that you need. Weve got our eye on the cameras. Stay tuned. I have a question for you guys. Real or fake . Get your mind out of the gutter. Im talking about the shocking reality americans are facing as they head to buy their Christmas Trees, real or fake. We are about to show you serious sticker shock. We will take you to a Christmas Tree farm where jeff flock is about to unveil how much your budget will be trimmed in order to trim a real tree. Closing bell ringing in 39 minutes. The claman countdown coming right back. Dow off slightly from where we were at the top of the show, but we are still down 176. Stay tuned. Well be right back. I felt like. I was just fighting an uphill battle in my career. So when i heard about the applied Digital Skills courses, im thinking i can become more marketable. You dont need to be a computer expert to be great at this. These are skills lots of people can learn. I feel hopeful about the future now. We live in the mountains so i like to walk. I feel hopeful about the future now. Im really busy in my life; im always doing something. Im not a person thats going to sit too long. In the morning, i wake up and the first thing i do is go to my art studio. A couple came up and handed me a brochure on prevagen. Ive been taking prevagen for about four years. I feel a little bit brighter and my mind just feels sharper. I would recommend it to anyone. It absolutely works. Prevagen. Healthier brain. Better life. I was blessed to be part of building one of the greatest game shows in history. During that time, we handed out millions of dollars to thousands of contestants. I thought, what if we paid the contestants their winnings in gold instead of cash and prizes. Back in 1976, we had a wonderful contestant named lee, whose 3day winnings were valued at 12,850. And you know what . That was a pretty big haul back in 1976. So i wonder what would have happened, if lee had put 12,850 in cash and then put 12,850 in gold in a safe . Just sitting there sidebyside from 1976 until now. Well, i went back and ran the numbers and what i found was amazing. We all know that 12,850 in cash would still be sitting there, but it would be worth a whole lot less than it was in 1976. But that 12,850 in gold, safely stored away, its worth 135,000 as of the taping of this commercial. Now thats more than 10 times the original amount. [narrator] if youve bought gold in the past, or would like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the complete guide to buying gold. Which well provide you important, never seen before facts and information you should know about making gold, silver, and platinum purchases for faster wealth protection, request a digital version of our complete information kit, which will be emailed for faster delivery. You can also receive a copy of our new us gold report for 2020. Inside, youll find the top 25 reasons why you need to start owning gold today. With nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide, us money reserve is one of the most dependable gold distributors in america. Liz fox business alert. Apple is twisting the knife on intels stock in this final hour of trade. Take a look at shares of the Worlds Largest semiconductor company. It is the biggest drag on the dow 30, with intel shares falling four full percentage points. Apple doubling down on its own n1 silicon chip so no more intel inside. Investors are reading that apple is closer now than ever to leaving intels chips behind for good. Apple chips will be used in the new mac book pro, its imac and mac pro computers. Photography giant turned drug producer Eastman Kodak skyrocketing after the u. S. International Development Finance investigation found no wrongdoing regarding the stalled u. S. Government loan to the company. Telling lawmakers it found no evidence that kodak executives had any conflicts of interest in the plans. Look at that gain, up 53 for kodk. Check out bitcoin. Bitcoin is Still Holding above 19,000 after hitting a new record high just one week ago. We are at 19,150 per coin with a gain of 50 bucks today. The cryptocurrencys 170 surge this year may not be over, as Analysts ExpectInstitutional Investor fomo, fear of missing out, during this latest rally to be the fuel that could continue to push bitcoin higher in 2021. Oh, tannenbaum, oh, tannenbaum, how much green will your evergreen branches cost this year . We have seen a lot of behavioral trends during the pandemic and here is one emerging, demand for real Christmas Trees. People want to be able to smell, its reminiscent of their childhood, blah blah blah. This demand is leading to very short supply but it also coincides with what tree farmers are pointing to as part of the shortage. Climate change. To jeff flock at a Christmas Tree farm in illinois. Jeff, give us the story here. Reporter blah, blah, blah, you mean la, la, la. This is where it all starts. Great thing about being on a Christmas Tree farm, this is thats where they plant these Little Things and they grow up and they become big trees. You should see this field out here. These have got a few years to go. There is somebody on a tractor out there. They bring people out in this field and then you can go anywhere you want and cut down any tree you want. Maybe you want something a little bit bigger but i tell you, its tough to find a tree almost this year. They also have the Worlds Largest corn maze during the summer but now one of the largest tree farms. This year, you are just getting slammed. We have had great weather and its a very happy time to get a Christmas Tree. So yes, we have pretty much sold out all of our crop this year. We still have, we are down to this, about six, maybe seven feet high trees. Reporter got you. Take a look at the numbers, liz, of sales of fresh Christmas Trees, up 29 this year, and people want this natural experience. Oh, they do. They love it. They cant go sit on santas lap this year, they cant go to the nutcracker but they can take their family and get a fresh Beautiful Tree which is part of their tradition. Building memories. Reporter i was going to say, its an experience. What people are saying this year, come over here and maybe mike, if you come over here, you see people, this one just cut down right here. You come out here with a saw, cut your own tree down. Its too tall, i guess, this one looks like its gotten gnawed off by a beaver. Not sure who cut that down. Looks like he tried a hacksaw. Its just a special year. People wanting this fresh experience and the trees, the artificial trees made in china, right . A lot of them . Oh, yes they are. They do break down and there are chemicals in there that arent good for your house, for the environment. Reporter this is environmentally friendly. This is a crop. This is a crop of trees. Used to say dont cut down a tree. Well, they plant two or three trees for every one they cut down, liz. A fresh tree. I have always had one. I leave you with a quick picture. Can i show you one picture . Do you have a moment . I just want to show you a picture of my daughter when she was about 3. My daughter elizabeth. She still remembers, shes now 34, she still remembers the tree we cut down ourselves and put on the roof of the car and took home. Pretty cool that she remembers that. Liz yes. Jeff, you havent aged a bit. Reporter well, your eyes, better check your eyes, young lady. Liz all right. Thank you. Thank you so much. Tell the gang out there my kids would be so happy if i did a hanukkah bush, you know . Reporter hanukkah bushes are everywhere. There you go. Liz i see that. Thank you, jeff. Fun and games paying off. The foley Acquisition Corp blank check company, thats a spac, it is popping after merging with egaming payments giant pay safe in one of the biggest spac deals in the year of the spacs. The pay safe ceo and his billionaire backer, bill foley. Did you guys know he owns the las Vegas Golden Knights hockey team . They both join us next on the claman countdown. Closing bell ringing in 29 minutes. The russell has turned positive, folks. That is a record. Lets see what the s p can do. Its still down 9. Well be 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. And now with q4 wrapping up, the north pole has to be feeling the heat. Its okay santa, lets workflow it. Workflow it. . Uhhuh. Just picture it. With the now platform, well have the company you always imagined. Efficient, productive, seamless. Ok, im in. Whatever your business is facing. Lets workflow it. Servicenow. Metastatic Breast Cancer is relentless, but im relentless too. Because every day matters. And having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopausal status. And its the only one of its kind you can take every day. Verzenio fulvestrant is approved for women with hr , her2 metastatic Breast Cancer whose disease has progressed after hormonal treatment. Diarrhea is common, may be severe, or cause dehydration or infection. At first sign of diarrhea, call your doctor, start an antidiarrheal, and drink fluids. Before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. Verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. Lifethreatening inflammation of the lungs can occur. Talk to your doctor if you have new or worsening trouble breathing, cough, or chest pain. Serious liver problems can happen. Symptoms include tiredness, appetite loss, stomach pain, and bleeding or bruising. Blood clots that can lead to death have occurred. Tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. Every day matters. And i want more of them. Ask your doctor about everyday verzenio. Now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Liz we are getting this breaking news hitting the tape. Now, according to stat news, if youre not familiar with stat news, stat news is the medical organization that this press organization that has broken a lot of news about vaccines. According to stat, leading covid19 vaccine makers pfizer and moderna have apparently declined invitations to the white houses vaccine summit on tuesday. That is not hurting their stock right now. They have declined this invitation, we dont have an exact reason. Perhaps its because the ceos are extraordinarily busy trying to get this vaccine deployed across the United States by thursday, but we do have pfizer jumping 2. 33 . Moderna, a nice gain of 5. 6 . If we get anything more on this, we will get it to you. With just 24 days left in 2020, the year of the spac has now clocked 210 Companies Worth a combined 72. 3 billion that have come public by merging with blank check companies, and the latest one today may very well be one of the greatest. Today, billionaire bill foley has merged his spac with a dominant player in egaming and esports payment space, paysafe is now today worth 9 billion. It was taken public in the Third Largest blank check merger of the year. Joining us now are the two men behind the merger, billionaire bill foley and paysafe ceo, philip mchugh. Wow, guys. This is a big day for you. Bill, when you guys have a spac, you get to decide which company you are going to merge with, to take it public. What was it about paysafe where you said thats the one . Yeah. Interesting, liz. After we formed, we went through a detailed list of about 300 companies from various bankers. We spent about 45 days doing that. We culled the list down to about 12 companies and the company that always came out at the top was paysafe. Its got its so unique and its in strategic space. Its the kind of company i really look for when im in a turnaround or in an acquisition situation. Its a fortress, its got a moat and its a utility within its industry. It just came to the top. Im really glad we were able to work something out with blackstone, who will be a major shareholder going forward. Liz wow. Phil, that is certainly a positive response from bill about this. Tell us what you thought when you got the call from bill and his spac partners here to say you guys are the ones at paysafe. What was your first gut reaction . Yeah. It was really positive. We were looking at different ways to go to market. We felt we were ready and we were taking our time and looking at options to do something in 2021. Certainly spacs were a way, an effective way, but the difference maker for us was clearly being able to partner with bill. Not only on his reputation but after we first met, we really clicked. We see payment as a business where you can scale, where being able to specialize and really own a different industry vertical creates real value and we really connected. Its been a great journey the last few months together. But his experience, his growth track record is pretty good, and i think matched with our assets and our intent is a pretty exciting story. Liz bill, you have been in financial and insurance businesses for a long time. I can imagine you were chomping at the bit saying wait a minute, paysafe, you guys pretty much own 75 of the Payment Systems for egaming and interactive gaming, et cetera, but you probably would want to start expanding and they are pretty much indentured into the uk business. What about crossing the pond and really expanding here . What is the plan, bill, where you looked at this and said you can do it, theres a lot of ways to scale up . Well, the important thing about paysafe and its Gaming Experience is that they are the player in canada. They are the back office or the support system for each of the canadian lotteries in all the provinces. To accomplish the same mission in the United States, whereby the state opens up for gaming, paysafe is right there, already has connections in place, so really, its going to be a land grab. We want to be we want to have i guess we want to be one of those sooners. We want to be out there about ten miles ahead of everybody else in terms of the expansion. Liz maybe one of the ways to do that is by going into customized payments for the unbanked. Both you and i know there are so many people out there who either cant get a bank account or dont trust a bank account, or quite frankly, in the millenial world, dont think they need it. How are you going to go after the unbanked, which could be very Fertile Ground for you at paysafe . Its a great point. We are already in that as well. There are two things we see happening. In the digital wallet space, we are a scale player, you are really seeing digital wallets take off because we can create so much functionality and so much service digitally, the banking and Service Concept moving money in and out of the wallet, into the merchant, back out, p to p and even remittance. Our wallets have all of that functionality. Thats been very successful in igaming and helped us diversify beyond. In ecash, we have a product that makes cash available online. We have seen that really, really take off as a starter product, where we cater to millions of genz and millenials that are playing video games or downloading songs and esports, and they really can get into the Payment Method that way. But also, the security conscious and unbanked, we are seeing lots of use cases where our products, the flexibility really open up for the utilities to pay rent and even to deposit money into digital banks. We are very excited about that space overall. Liz bill, weve got to run but im very interested to know, because i just had this fireside chat with gary bettman, the commissioner of the National Hockey league. You as the owner of the Golden Knights in las vegas, there is still no firm date to thought. We had thought january 1st for the hockey season. Maybe the 15th, who knows. What are you hearing and do you expect to have fans in the stands at the tmobile arena when the season opens . Well, i dont believe when it opens we will have significant fans in the arena based upon the covid spikes that are going on. It may not be that we may not start january 15th. It may slide a week or two. But we will be playing hockey. We will be in tmobile but unfortunately, we may not have fans which is really sad, especially for our team, because we intend on winning the stanley cup this year. Liz yeah. Yeah. And boy, your first year out as an expansion team. Im an l. A. Kings fan. It took us 40 years. Bill, great to see you. Bill foley. Philip mchugh of paysafe. Good luck to you guys. Well be right back. One of the worst things about a cold sore is how it can make you feel. But, when used at the first sign, abreva can get you back to being you in just 2 and a half days. Be kinder to yourself and tougher on your cold sores. In a on the most reliable, pnetwork with xfinity mobile. They can choose from the latest phones or bring their own. And because they get nationwide 5g at no extra cost, they live happily ever after. Again, again. Your wireless. Your rules. Your way to stay closer together this holiday season. Switch and save up to 400 a year on your wireless bill. And get 300 off when you buy the Samsung Galaxy note20 ultra 5g. Learn more at xfinitymobile. Com. Liz and in our daily kick yourself for not having bought tesla shares a year ago, tesla is hitting an intraday alltime high. Its now topped the 600 billion market cap milestone. Look at it now. Its jumping 7. 33 today to 643. 29 a share. Goldman sachs saying that shares could hit 780 per share but you know what . Since the s p 500 inclusion announcement on november 16th, tesla has gained 209 billion in market cap. By the way, there have only been six other companies on the s p with a greater market cap than 600 billion. That includes apple, microsoft, and amazon. Amazon is moving lower by half a percent. Microsoft down slightly as well. But you know what, alphabet, facebook, General Electric as well, but the last time g etraded with a market cap of 600 billion, yeah, you kind of have to go back to october of the year 2000. That hurts. After more than half a year of inaction, Coronavirus Relief is apparently finally coming together. This is a live picture of senator Patrick Leahy of vermont speaking on the floor of the senate. We are waiting on Mitch Mcconnell, the senate leader, but listen, why is it coming together . Maybe because only certain concessions are on the table. Charlie gasparino has been breaking news all day on this. Charlie, what do you have now . Charlie we should point out if you and i bought tesla, we couldnt report on it. We have been doing a lot of reporting on it. Liz right. Charlie the stimulus package, heres what we do know. As of now, business groups are pressuring Mitch Mcconnell to find some sort of compromise on this bill. Why are business groups worried about this . The word simply is that theres not a trillion dollar stimulus that by the time we get a vaccine widely distributed, the economy is likely to fall into another recession. Thats why theyre worried about it, given the types of lockdowns going on. We should point out that california is locked down pretty dramatically. New york state, Governor Cuomo threatened today over the next five days, in five days, we could have no Indoor Dining. Thats why the pressure is on mcconnell. You know, liz, the interesting thing is whats going to be negotiated. From what i hear, sources close, republican sources close to mcconnell say he is willing to give up on business Liability Protection if the democrats give on some of their very, very people would say progressive edicts as part of a stimulus bill which republicans dont like, for example, funding unfunded liabilities in pension funds. Thats a real problem for republicans. Thats a nonstarter. I guess checks given directly to people, you know, the size of those checks. These are some of the things that i think will be negotiated. From what i understand, there is some progress. We should point out that earlier today, i tweeted that he would have a bill being produced today. That was wrong. I quickly corrected it. But he will make an announcement and a lot of people think they are coming close to this. Now, the bill is the official i mean, the official action itself, but you know, listen to what he says. From what i understand, they are coming close and the pressure is on mcconnell to do something, given the way the economy is moving, which is not up right now. But down, after, you know, and you know, heres the problem. You think about it, we are going to get a vaccine soon. I can tell you this. My brother is on the front lines of covid. Its coming. Its probably going to come very soon, right . I already got my i belong to the langone medical facility. Thats where my doctor is. I already got an email the vaccine is coming. We know that. There is going to be a time before it comes where we need a stopgap measure. Thats kind of what they are talking about right now. Business needs, given the lockdowns that are so severe, particularly in blue states like california and new york, they need something. Mcconnell understands that. Businesses are prodding him. He should be speaking momentarily and we will see exactly what he has to say. Back to you. Liz yeah. Yeah. You ready to take the vaccine . Whats your brother advising you . Im definitely taking it. Im a doctors daughter and my sister is a top epidemiologist. Im ready. Charlie i am. My brother, just so you know, he has a motherlode of antibodies because he had covid for a week that was really bad. He works with folks that had that. He got that early on. I dont know if he is going to be volunteering to take it soon. It might not be his choice. Hospital workers may be forced to take it. I think as a condition of his employment, he has to take the flu vaccine so he may have to take this. I dont know. But im going to take it. You know . Liz me, too. Me, too. Charlie, thank you so much. All right. Were coming back with the countdown closer whose stock pick the last time around. Eliquis is proven to treat and help prevent another dvt or pe blood clot. Almost 98 percent of patients on eliquis didnt experience another. And eliquis has significantly less major bleeding than the standard treatment. Eliquis is fdaapproved and has both. Dont stop taking eliquis unless your doctor tells you to. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. If you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. While taking eliquis, you may bruise more easily. And it may take longer than usual for bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Whats around the corner could be your moment. Ask your doctor about eliquis. Were portuguese . I thought we were hungarian. Can you tell me that story again . Behind every question is a story waiting to be discovered. This holiday, start the journey with a dna kit from ancestry. Liz four minutes to go. We have a record once again for the nasdaq that would be its 49th record close and the russell right now just flat to slightly higher. So it is going to be one of those down the stretch they go. Well see in a few minutes. As the ipo market heats up amid the recovery another 10 milliondollar ipo may be in the pipeline. Cheryl casone. Reporter it has been the year of the tech ipo. Walmart reportedly contemplating taking flipkart in a public to wage war with retail behemoth amazon. Flipkart is one of indias biggest players, direct competition with amazon. Indian news service that walmart is working on a u. S. Based ipo for flipkart on a 25 billion stake worth 10 billion which would value the business 10 billion. Walmart only paid 16 billion two years ago. This flip, is a good one for walmart. Theyre holding above 2 stake in the indian online seller. Microsoft holds some position tencent. The company was quick to point to flipkarts success and International Story for walmart overall. That is walmart down half a percent. Amazon doesnt sell directly in india. It would invest one billion dollars to help Small Businesses there get further traction online this is big move and probably a big one for call mart. Liz flipkart will be a big one. Cheryl, thank you very of our countdown closer, last time he joined us look at consumer Audio Company sonos, the speaker company. Since he mentioned it it is up 350 . He says it still has got room to ron. Scott red letter joins us, the few picks for us. I know we dont have a lot of time. Sonos at 12, 13. People were laughing. It is 21. 75. It is only in its infancy. It came public couple years ago. The postipo high, 23. 50. I think it will be a sonos christmas and sonos christmas redot outside and everyone loves the outside. Second pick a little slower. A lot of guys like yield. Verizon. You know the company does, liz . Everyone does. They say this is where money goes to die. You cant buy verizon. It has been a snail. Yearandahalf channel people are knocking their heads waiting for a breakout. I think two bangs for the buck. You get the yield and maybe get the dogs of the dow play if it breaks above, what is it 62 1 2, i think it will create some alpha in the First Quarter of next year. My last play i think is a very cheap one if youre quick. Listen, you see the move in tesla. Tesla has been fantastic but a lot of companies are being sold to make room so they can be put in the s p, one of those is amazon. So on the 21st of december i believe you know, tesla will be put in. I believe selling on amazon will be over. I think you get involved with amazon the day of, the day before with options or the stock. I think you can get a nice move into the end of the year. Liz by the way, folks, scott has a very good record on the claman countdown. Good to see you, scott. He is liking sonos still. Thanks, scott. Another day, another record for the nasdaq. For the russell slightly too close to call right now. [closing bell rings] were just straddling that flat line but this will be the 49th record for the nasdaq this year. Not so much for the dow which loses 154 points. Time for after the bell. Connell you have tensions between the u. S. And china, and nasdaq closing at another record high, third day in a row. This is the 49th record close of the year 2020 for the nasdaq composite up 56 points. With that im connell mcshane. Welcome to after the bell. It is time for the news happening at this hour. Fox team coverage, blake burman at