We were up 259 earlier. S p 500, as you can see, it is up more than. 5 . We just came off the best sixmonth performance for the s p actually since 2009. Youve got the nasdaq higher right now, up 1. 5 . All of this, were watching. Were watching washington. House speaker nancy pelosi, treasury secretary Steven Mnuchin are continuing their discussions over this coronavirus stimulus bill that could pour trillions into the economy and help airlines, Small Business owners and the unemployed. We will have up to the minute details on the state of negotiations as they go on right now in washington. Then the travel industry is desperate for help from congress as a new study says the Hotel Industry might not be able to hold out much longer. One of the nations top hotel owner operators is here to tell us how his company is handling these challenging times. Hes here in a fox business exclusive. Meanwhile, pepsico is popping as people lock down at home during the pandemic, turned to its snacks and drinks. Pepsicos vice chairman and cfo will be here with a view from the ground and why his company decided the time was right to give investors guidance. Yes, you heard that right, guidance on growth. Despite so much uncertainty with the coronavirus. We are less than an hour to the closing bell. Im cheryl casone. Lets start the claman countdown. Cheryl take a look at this. Bed, bath beyond stock is surging right now after Second Quarter earnings went beyond investor expectations. This is a first, same store sales increased since 2016 and the Online Business surged more than 80 during the quarter as americans obviously fixated on fixing up their homes as they stayed home. As you can see, the stock is up almost 27 . Wedbush added overstock to its best ideas list. The commerce stock getting a jump on the news as the Investment Firm expects overstock to beat wall street sales expectations for its third quarter. Overstock up more than 1,000 year to date as the Home Decorating boom took hold. Two of the names of the stay at home story. Elsewhere in the stay at home space, peloton and nautilus popping at this hour. Nautilus is up almost 2 , peloton up more than 5 . These companies extending their gains into the first day of the Fourth Quarter as athome workouts remain popular. Year to date, nautilus has gained, get this, almost 900 . Peloton, more than 260 . You can thank myself and liz claman for that news. Overstock and peloton in the stocks that are seeing at least 400 gains for the year. This is a big story. We are looking at some dow jones market data. Get this, more stocks have jumped at least 400 at some point in the first three quarters of the year this year than at any comparable period since the year 2000. 20 years. Theres overstock, theres peloton. Other names include zoom, tesla, novavax, but looking specifically at the nasdaq composite, while 60 names had risen, 60, at least 40 of [ inaudible ] more than 1,000 suffered declines of at least 50 at their lows. I want to bring in our traders. Guys, its great to have you here. Great to be here. Cheryl david, let me start with you. Can we expect to see this gap stay pretty wide as the markets continue recovery . You have huge winners, then you have a group of losers. How do we look for the next winners and what do you think they are . I think the next winners are stocks that are tethered to fundamentals. I think a lot of fiduciaries out there are starting to get really nervous about holding some of these really popular names because the valuations have become so far disconnected from their fundamentals that you cant really make a prudent argument for owning stocks like peloton and tesla. These valuations imply that they have extraordinary large amounts of their total Addressable Market owned, you know, over the next ten years, or they grow ten times faster than the largest and Fastest Growing companies have ever grown in the past, so its just at some point in time, fundamentals have to play a role. Not 100 of the decision but they cant be zero. I think fiduciaries are starting to get a little bit long in the tooth in owning some of these popular names and i dont think they will last much longer. Cheryl well, i guess it really depends how long the pandemic lasts. We hope not much longer but we just dont know. Scott, let me ask you this. What do you think is going to play into the next big moves for the market . I know you are looking at several stocks. But in particular, sectors we need to look out for. If the stay at home story will come to a close, where else do we go . Number one, i dont think the stay at home story is coming to a close any time soon, unfortunately. That being said, that doesnt mean im talking about weeks or months but realistically, the next three to six months, the stay at home story is probably still going to be here. Outside of that, though, i think the one big spot in tech, i still love tech, is in the Cloud Computing area. So if we look at a stock like microsoft, you know, you were just talking about fundamentals here, that may be one of the best stocks out there but look at microsoft. Look at maybe a workday which could be a stock that is considered way overvalued right now. Thats a stock i believe is going to be fantastic moving forward. And even a stock, i almost cringe to say this a little bit, but the recent ipo of snow, a stock like that also to me has a lot of upside. Maybe not as obviously not as fundamentally sound as a microsoft but to me, in the tech space, as that gap does start to narrow that you were talking about, and that will happen, the Cloud Computing space, that sector to me is going to remain robust. Cheryl i can see that for a longer term play for sure. That story will not end, to your point. I think youre right. Scott, david, thanks to both of you. We appreciate it. Thank you. Thank you. Cheryl all right. Lets move over to pepsico. The soda cans business over for this company this morning. The latest quarter revenue grew more than 5 as folks chug their sodas and other beverages and gobbled up the snacks once again. Pepsico provided Forward Guidance for the First Time Since the pandemic began. Investors honing in on this as it Shows Confidence in the ability to perform in the midst of all of this uncertainty. Lets bring in pepsico cfo, hugh johnson. Great to see you again. Great to see you as well. Cheryl its been awhile. I got to ask you about guidance. You are now standing out among other companies that are not offering guidance. What went into the decision between you to decide to give the street the full picture . I think the biggest thing was obviously, we had it for every quarter and we felt good about that but we started to see Consumer Trends stabilize to some degree. Mobility trends are up and have gotten stable. People eating out more, its up and its gotten stable. We felt like we had visibility at least for the rest of the year and we thought that was valuable information for investors. We put guidance out there and it seems to have been well received. Cheryl you also reported the covid costs. We are now seeing this as the normal trend for companies, 147 million. That was for this last fiscal quarter. Is that something that you think is going to continue to be a piece of the bottom line or is that spending going to pull back, do you think . It will sustain but it will continue to diminish from month to month. I think when we started doing the covid costs, it was mostly around protective equipment for our employees to ensure that they could operate safely. Obviously, when you start up on that initially, either that or sanitation or logistics, you are relatively inefficient at it. We have gotten better and better at it over time. Our priority is clearly to protect our employees, but i think we will be able to do that more and more efficiently as time goes on. I think those costs will diminish and ultimately, obviously when we finally get past the pandemic, those costs will largely disappear. Cheryl the pandemic looks like its been good for your bottom line, sad to say. But the truth. Tostitos, cheetohs, doritos, mac and cheese from the quaker brand. You also launched new mac and cheese lines. Flaming hot. We have the story on the Business Network and we got a laugh out of it but folks are going for comfort food. Does this trend continue . Yeah, they certainly are going for comfort food. In a lot of ways, i think its a little bit different than the other food companies. I think in terms of the snack business that we have right now, it seemed to a great degree a reversion of consumers back to big brands. For a long time they really wanted small craft brands and those no doubt have a part of the landscape but i think as consumers have gone back to big brands because of the quality and because of the flavor and frankly, because of the availability, because of the supply chain systems we have, they rediscovered they really like those big brands. I think thats something thats going to be there to stay for quite a long time. Cheryl we are just looking at pictures of pancake syrup, another favorite of the stay at home trend. You decided to drop aunt jemima. How tough was that decision . It was a decision that was obvious to us in the face of whats going on in society right now. We are going to take our time and do it methodically. No new update on that. I think you can except sopect ss from us in the coming months what the new brand will be. In a lot of ways it will be better for consumers than what we previously had. Cheryl you will change the name, im assuming . Yes. Yes, we are. Cheryl all right. Let me ask you this. One of the things cocacola has done, i hate to bring up the other guy but i have to, they have gotten into alcohol sales with its partner topo chico. This is something pepsico has not done yet. Is that something you think you would consider . I guess what i would tell you on that front is we leave no stone unturned looking for good growth opportunities. I dont have anything new to report to you right now but we are always going to look at those types of opportunities and see if they make sense to us. If they make sense, obviously weve got a Management Team and a system that can really execute. Cheryl one of the things you have done over the last, gosh, really the last decade, i guess, is we have been talking here on fox business with you, is kind of that expansion of the brand going into that healthier snacks, whether it was hummus or sparkling water. What we are seeing now is with the stay at home not orders anymore but at least folks working or staying at home, going for the good old stuff. Did that change the strategy pepsico will take in the next quarter, two quarters when it comes to expansion, maybe . Giving americans what they want, not what you think maybe they want healthier . I think our strategy is going to be to offer consumers a wide variety of choice and where they choose to go is obviously where we are going to put our emphasis. As you know, particularly early in the pandemic, people wanted comfort food. I think that rebalancing has already started towards a balance between we want some comfort food but we also want food thats less indulgent and a little more healthy. We are going to give them both. A couple of examples in that regard. With our soda stream product, we will be launching bubbly drops. You basically put some drops into your soda stream bottle and you get a terrific zero calorie beverage that you can control the flavor of. Thats certainly a healthier option. At the other end of the spectrum, i pointed out, you mentioned earlier the cheetos mac and cheese. Thats a problem we are literally out of capacity of. Every box we can make, we are selling. I think people are choosing both right now. Cheryl interesting. Okay. Now, we havent figured out that mac and cheese would be a big hit. Got to talk about the nfl. You are the biggest sponsor of the nfl. Obviously the season is different. Im wondering how you and the company approached this new different nfl season and if you changed your strategy and changed anything about the partnership with the nfl, because last time i checked with you, it was a billion dollar contract you had with them. Yeah. Its a big, big commitment. Obviously, we are big fans of the nfl. Without the fans in the stands, obviously its changed the experience. We have done a lot of things online with the nfl in order to really bring the instadium experience home to peoples homes. I think were still evaluating how much of that is working well and how much not, but clearly, the nfl is an important part of our marketing. Cheryl you are going to stick with the deal, im assuming . The partnership . Right now, we are very much sticking with the nfl. Yes. Cheryl okay. Okay. Got to ask. Hugh johnson, great to see you again. Great to see you. Thanks for having me on. Cheryl yeah, yeah, yeah. Hopefully talk to you soon. Come back to fox business any time. Absolutely. Cheryl all right. Lets take a look at the big board. We have got a dow that is up 43 points. 27,824. We were much higher earlier. Theres a lot of worry out there about where we are with stimulus. All eyes are on washington. We will talk about that during the hour. Also, look at zillow, missing on its [ inaudible ] all agree the value and Growth Potential of the online realtors home flipping business is being undervalued in this home buying movement we are seeing. Mortgage rates at 3 . Come on. Housing certainly one of the bright spots in the economy. Plus millions of unemployed americans and businesses being left in the dark as stimulus talks drag on. We are going live to the white house coming up next. Job, mich job, mich ok, lindsey now tell the class what your mommy does. My mom has super powers. Its like she can see the future. What . its like she time travels in a rocket ship. Thats cool and then she comes back saying try this or try that. She helps everyone. She helps them feel less worried. Wow mommy, so what is it that you do . Im a financial advisor. She is aig proudly supports all the professionals taking care of our financial futures. Cheryl we have just learned that House Speaker nancy pelosi and treasury secretary Steven Mnuchin did speak over the phone in the last two hours, trying to hammer out another coronavirus stimulus plan. Negotiations are set to continue this afternoon as trillions of dollars of relief is hanging in the balance. Blake burman at the white house with all the latest. Blake, what have you heard . Reporter activity, conversations certainly a good thing if you want to view it that way. The conversation between nancy pelosi and Steve Mnuchin today, we are told about 50 minutes in length according to Speaker Pelosis office. They are also saying, a source also telling me as well the conversations between the two are expected to continue this afternoon. This was the readout from Speaker Pelosis office after the first phone call earlier today. Quote, Speaker Pelosi and secretary mnuchin spoke by phone today at 1 00. The two discussed further clarifications on amounts and language but distance on key areas remain. Their conversation will continue this afternoon. Now, before the phone call earlier today, pelosi did say that they were still quote, way off on funding amounts for state and local governments, a big deal for democrats. She is also taking issue with a Real Estate Tax incentive that republicans support. Were looking at it from the standpoint of a family making 20,000 a year, family of reporter clearly an issue with the sound bite there. She went on to say they are looking at it from the standpoint of 150 billion for the wealthiest people in our country. Thats why we not only have a dollars debate, we have a values debate. Still, i am optimistic, end quote. The back end of that sound bite from nancy pelosi. Over here at the white house, they did increase their offer today, up to 1. 6 trillion, but they take issue with the benefits and protections that would be given to Illegal Immigrants under the democrats plan. We raised our offer but when you lower your offer 2. 2 trillion and you ask for direct payments to Illegal Immigrants and you ask for certain deportation forgivenesses in your offer, its not a serious offer. What we are talking about here is relief for the american people, for american citizens, not direct payments to Illegal Immigrants. Reporter so they are talking again. Certainly a good thing, always. But as nancy pelosi put it, they have a dollars debate and a values debate and when you look at that dollars debate right now, it seems as if the gap is 600 billion of those dollars. Still a pretty big gap to close. Cheryl didnt mark meadows come out yesterday and say we are willing to go above that 1. 5 trillion but 2 trillion is out of the question . Reporter one and a half trillion was the neighborhood that i was told in the days leading up to this. 1. 6 trillion is what the white house says. They have sort of been negotiating in that area. Youre right. The issue, cheryl, is that even if the white house and democrats were to come to some sort of agreement here, lets just say theoretically speaking, purely theoretical between 1. 5, 1. 6 and 2. 2, it would still have to go through the senate and even then, some Senate Republicans have said theyre not going to go that high. So even though theres a hurdle to close between the white house and the hill, theres also a hurdle to close between the white house and some republicans as well. There is still a lot going on here. Cheryl then the senate has the Supreme Court nomination to deal with. Blake burman, thank you for the update. Appreciate it. Lets take a look at the big board right now. We have gone into negative territory. A lot of this is what blake was just reporting on, the backandforth on stimulus. As hopes fade we are not going to get stimulus, investors get more nervous, worried about a contested election. You have the jobs report tomorrow. Maybe that turns things around. We have to see. Right now, dow lower by 36. Boeing, kind of bright spot though. The stock has been flying higher after faa