And the markets already have a little bit of a hangover, seeing double vision the day after celebrating the dows historic leap to 30,000. The dow and the s p are down. Dow is down about 193. The s p lower by 7. But the nasdaq is sprinting to a record high. Will we see a record high close for it . We will be watching that and much more in this final hour of trade. Los angeles is exactly ten hours away from officially shutting down all Outdoor Dining for three weeks to try and get ahold of the superspreading of the coronavirus. Now we are getting word that the Companies Ready to move record numbers of your online holiday packages may have to shove those aside temporarily in order to deliver lifesaving covid19 vaccines when they are ready. But thats great news for iheart media whose live concerts precovid attracted hundreds of thousands the arenas around the nation. The stock has nearly tripled from its lockdown lows. The ceo bob pittman is here with the radio giants new secret weapon as it waits for that vaccine. Its all happening as president elect joe biden has just begun speaking and making a lastminute plea to americans to stay safe and stay home for the thanksgiving holiday. What we are going to do is show you team fox business coverage to cover it all from chicago to wilmington to wall street. Lets first begin with the windy city and thats where Grady Trimble is following a massive supply chain pivot by ups and fed ex right at the busiest time of the year. For holiday gift shopping. Grady, both these stocks are down for much of the session. Tell us whats going on. Reporter interesting, because they are expecting record years this year. We have seen a steady stream of people here at this ups store in chicago following the advice to get your shipments out early. We have already seen essentially holiday level online orders since the pandemic started and now we are expecting another surge, a recordshattering year. Take a look at this number. Three billion packages expected to be delivered between thanksgiving and christmas this year. That is a record and its up about 36 compared to last year. If you break that down by the day, thats about 86 million packages every single day, according to ship matrix, but ship matrix says the industry really only has the capacity to deliver about 79 million packages per day. So that leaves seven million packages that will be delayed. As of right now, that delay is not too bad, just about one to two days. Nonetheless, amazon is saying if you can, place your orders early and they are also saying if you have a retail location that amazon operates near you, go to that location to pick up your package yourself. Meanwhile, the Delivery Companies are on a hiring spree to avoid any sort of holiday hiccups. Ups is hiring an additional 100,000 workers this Holiday Season. Fed ex, 70,000. Dhl looking to add 10,000 people to its work force. And with the Record Online orders this year, the experts are also predicting record returns. Liz, i know you are not worried about any of these shipping delays because youve got your whole list bought and paid and shipped already. Right . Liz you have me confused with parents who are organized. That would not be me. We will be watching it all. Grady, thank you very much. Grady trimble. We are watching both those stocks and in the meantime, lets go to wilmington, delaware where president elect joe biden is right now delivering his thanksgiving address. Hillary vaughn live in delaware. Hillary, we know joe biden is working on his economic and climate plans as we inch closer to a transition of power. Whats the latest . Whats he saying . Reporter liz, we are expecting a flurry of executive orders to start rolling out starting day one, when president elect joe biden is in the white house and a lot of those executive orders could be targeting the energy industry, and that is worrying oil and gas producers. The president of the oil and Gas Association tells me this today about concerns about these executive orders, executive actions, but also the new climate czar, john kerry, thats going to be taking that new role. He tells me this. The transition teams eagerness to overturn progrowth policies not within the first 100 days but within the first 100 hours should concern all americans, not just those in the energy industry. Just wait to see what an unaccountable climate czar using the designation of a Climate National emergency has in store for us. So heres what a President Biden could do by executive order on day one. He could reverse president Trumps Energy rollbacks, he could cut emissions by reinstating fuel economy standards he could create new financial regulations for companies, requiring them to disclose Financial Risks tied to climate change. He could also reverse rules on fossil fuel production by cutting back or putting back restrictions on offshore Energy Production but its not just the epa or this climate czar that biden wants to focus on climate change. Every agency, every employee from the top down apparently is being vetted with one key question in mind. The New York Times reports that bidens inner circle is asking of each candidate that wants to work in the biden harris administration, are they quote, climate ambitious. This is something we are going to see be a priority under President Biden on day one. Liz we will be watching all of that. Thank you for keeping an eye on it. Hillary vaughn live in wilmington. Okay. Weve got 54 minutes left to trade before wall street goes dark for the holiday. Lets get right to the floor show. Nys etrader Teddy Weisberg and jeff sica joining us live. I would expect on the day before thanksgiving when traders are kind of checking out early, volume is thin, that the dow would retreat from 30,000 but teddy, the bears kind of pushed things along with this firsttime jobless claims number which rose for a second straight week. What are you specifically seeing . I think the action is to be expected, liz. Tomorrow we are closed. Fridays a half a day. For all intents and purposes, the weekends today. The markets are at alltime highs. We are allowed to give a little back. I think the negative jobless claims are not to be unexpected. We are still dealing with a huge covid problem. We are certainly not out of the woods as we speak today. But as we look forward, this is probably what the markets been telling us for weeks now, as we look forward with the prospect of a vaccine and a fed basically not going to change anything, a steady hand at the fed, these are both very positive events for the market and the markets are forwardlooking indicators, not trailing indicators. So the fact we have a couple of negative numbers today, i dont think is any reason to throw the baby out with the bath water. I just think that perhaps this is just the pause that refreshes. Liz yeah. Aint no big thing. Were still at 29,855. Jeff sica, where is the rotation today ahead of the long weekend and what rotation are you personally making with your money . Well, here it is. What a difference a month makes. The markets catapulted into the future, looking at the vaccine, embracing janet yellen back on the scene again. The market loves her and shes back again. I think the rotation youre speaking of, im looking at now that you had all the big tech stocks that have done so well during covid. Now what im looking at is some of what i would refer to as Old School Tech stocks. Im looking at a rotation back into cisco, back into intel. These are names that have drastically underperformed the s p 500. I think thats where investors are going to go now. I think thats where the money is to be made. Liz great to have you both. I want to wish you both a very happy thanksgiving. My mom, who is 90, i want to wish her a happy thanksgiving. And a fan of the show who is 97 years old, bill delacy in california, hes a friend of teddys, i think hes your one fan . Hes my only fan. Yes. I hope he lives a long, long life. Liz indeed. We wish that for all of our viewers. Thanks so much. All right. The casino and travel stocks are not the only names holding out major hope for a potential vaccine. The live concert industry is singing a tentatively happy tune as the idea of getting stars back in front of crowds inches closer to reality. The ceo of iheart media, bob pittman, is here in a fox business exclusive on what it means for his business and what hes done to bring in new pandemic profits while he waits. Closing bell, 51 minutes away. The dow down 175. Russell down 5. Were on track to see a Nasdaq Record close. The claman countdown is coming right back. For over 30 years, 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. Do you have a Life Insurance policy you no longer need . Now you can sell your policy, even a term policy, for an immediate cash payment. We thought we had planned carefully for our retirement. But we quickly realized that we needed a way to supplement our income. 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Work your lower body with the aerosquat. The aerotrainer is tested to support over 500 pounds. It inflates and deflates in less than 30 seconds using the electric pump. Head to aerotrainer. Com now. Now its your turn to lose weight, look great, and be healthy. Get off the floor and get on the aerotrainer. Go to aerotrainer. Com, thats aerotrainer. Com. Liz a fox business alert. A work from home stock star shooting to the moon at this hour on a blockbuster report. I mentioned slack at the top of the show. Take a look at shares, skyrocketing at the moment on reports that the workplace messaging app might be in play. It is jumping 31 right now after the wall street journal just a couple of hours ago dropped the headline that Cloudbased SoftwareCompany Salesforce has approached slack with an acquisition offer. Slack has a market cap of about 17. 7 billion at least going into today. No ones commenting, but if the deal were to go through, it would be salesforces largest ever acquisition. Salesforce down 5 . But again, nobodys really commenting on this. Someone cut the stock engines in the electronic vehicle the electric vehicle sector. We are seeing widespread losses on a report the Chinese Government is apparently investigating new Energy Vehicle projects. While chinese ev maker nio is down just. 25 , they are chinese so if the competition is coming from china, you would imagine other names are getting hurt more. Oh, yeah. Flip it over to workhorse. Workhorse is down 2 . The hardesthit, nikola, snapping an eightday win streak on concerns that its partnership with General Motors might not go through, plus this news about china. That stock is down nearly 12 . But in a sea of red in that space, an island of green. Fisker popping after citigroup initiated coverage of the maker of the allelectric ocean suv with a buy recommendation and a price target of 26 per share. We are at 20. 37. But look at the spike here. Up 27. 5 . By the way, volume on the stock surged on the news as well. A day after a bullish move for gap shares, the retailer now plummeting to the bottom of the s p 500 after it missed estimates and gave a muted holiday forecast. Even strong sales at athleta one of their hottest brands along with old navy, could not cover up a big drop in Banana Republic which suffered double digit declines. Gap falling back by 19 . Speaking of gaps, this year, live crowdfilled events took a gap year of sorts. They had to, right . The iheart Country Music festival, normally a near impossible ticket to nab, forced the a virtual platform at its tenth anniversary as covid19 sidelined the business of Live Performances all around the world. But word of the impending vaccine no doubt music to the ears of concert industry ceos, including iheart medias chairman and ceo, bob pittman. We welcome him now live. Bob, its been, what, three weeks since first pfizer, then moderna, and this past monday, astrazeneca announced very encouraging vaccine news. From a business standpoint, what was your first thought when you heard about the vaccine progress . Well, i think its great for us because its not just that side of our business but the big side of our business is serving all these advertising partners. Weve got many of them depending on people coming into stores. So i think we are excited about it. As a matter of fact, as a company for the last three or four months, we were as a company trying to help america get out the vote, encouraging people to do it. I think at the appropriate moment when the people tell us theyre ready with the supply, we are going to turn our efforts to go get your vaccine because i think once this country is vaccinated, i think we are going to see a rapid increase in store traffic, in concert business, in all of these opportunities that require people to be able to mingle and socialize and be a crowd again. Liz thats interesting. Like a Public Service announcement in a venue or at least a conduit for that. Have you noticed any uptick in the speed with which maybe advertising is coming back on all of your platforms, once that news three weeks ago came about the vaccine . I havent seen it specifically related to the vaccine but i think there was anticipation of it because we have seen, if you followed our earnings reports, we have seen a steady uptick since april of this year when we had a big drop as a result of the covid shutdown. Nice increases coming all the way back. As a matter of fact, in our last report, we were out marginally in october over prior year. Of course, that had a political spike in it. We dont expect that for the quarter. So i think theres recovery anyway. I think people are understanding and even if they had to reduce traffic, they still have to keep the brand alive, they got to keep the relationship with the customer going, and radio has always been the most efficient means to get it so when people are watching money, radio turns out to be a great way to do that. Hopefully we are seeing that trend continue. Liz talk about keeping a brand alive. You guys had an incredible podcasting business over the last eight months. In fact, it was your best performing business, spiking more than 25 . Talk about how youre managing to monetize these podcasts as you grow all the partnerships with everybody from ryan seacrest, mario lopez, the names go on here. Its malcolm blackwell, its stuff you should know. Its this whole array of great balance of genres. We are today the number one podcast in terms of unique audience, in terms of downloads. Our downloads are up about 70 over prior year. You know, our growth has been almost 100 and i think you are finding that the advertiser is really interested in podcasting, that this has turned out to be the darling right now. Audios hot, podcasting is hot, and you know, there seems to be no impact on it from covid. We are continuing to feed that. We have also just recently acquired box nest which allows us to improve our modernization so as well as were doing, theres more we can do and we continue to add those pieces to it. Liz what is the best way, because we have got your competitors, spotify and sirius, also trying to get in on the podcast space. You guys are number one according to that metric. But what is the new way that you have come up with to monetize podcasts . Because when you look at the partnerships that you have, Malcolm Gladwell and i would be remiss if i didnt mention jacob weisberg, too, how do you scoop in more money . You know, for us, its really two ways. We have one group of people that want a very tight association with podcasts, they want to be all about that podcast. Then weve got others that want to be just in the podcast audience and in that environment. So on one hand we do very customized programs and on the other end of it, we build out these programs so they can reach whichever audiences they want to regardless of the podcast in which it runs. Vox nest is a very important part of enabling that part of that general audience marketplace and so we are using technology and using salesforce. Its no reason, you know, or it stands to reason that we should be doing so well in ad revenue because we have the biggest sales force in audio. Weve got almost 2,000 Sales Professionals and for them, they can now sell podcasts as well and i think thats been a very important part of our growth story. Weve got the infrastructure in place both on the content side and the monetization side. Liz you guys did not im one of those geeks who listens to entire earnings calls and you guys did not give guidance for full year 2020. I get that. Its very hard to see that out in the distance. But you did talk about or at least your cfo did, talk about ad revenue from political ads. I know that you guys had some good revenue that you reported from q3, but october alone, the first month of q4, looked really really solid. I think you guys were up about to 55 million when q3 for the whole quarter was 40 million. Do you see that continuing through november, considering weve had a protracted handover o