Up 95 points. The dow better by 393 points. Perhaps on investor belief that the worsening pandemic will shake congress fists open leading to, perhaps, the passage of a relief package. But as millions rush to get tested, rapid covid testing suddenly under fire from billionaire Tesla Ceo Elon musk who claims he took four tests with confusing results. So were bringing out one of the breakout stars of the netflix dock you series pandemic, dr. Jacob glanfeld, what he wants to hear from the president as the development of a covid19 vaccine inches closer to reality. And the coronavirus isnt elon musks only problem. Theres a new player on the electric vehicle front carving out its own ev beast face. Yes, thats right, the ceo is here in a fox business exclusive. Yes, the company is publicly traded. Well tell you who it is. All right, but first a fox business alert, just as americans rush en masse to get covid tested this hour, teslas ceo, elon musk, is on the attack. Did you see what he treat tweeted last night . Lets show it to you. He tweeted right here on your screen something extremely bogus is going on. Was tested four times for covid, two two negative, two positive, same machine, same test, same nurse. Rapid antigen test from bd. Lets not forget that elon musk stated earlier this year that we would be close to zero cases of the coronavirus by the end of april. Which is, obviously, nowhere near where we stand today. Its a disaster today. But his experience as an engineer, his big brain, right . We know hes been brilliant on many things, but does this lead us to the question of which covid19 test is more accurate and should he just stick to what he does best and thats making autos and rockets . Lets bring in the scientist working to put an end to viruses like covid19 and the flu, distributed bio ceo dr. Jacob glanfield joining us from one of his labs. First, what do you make of what elon musk said . Hi, liz. So hes asking an important question that all of these companies and that is how often do we successfully identify someone who is infected and how often do we miss that and how often do we accidentally call someone whos not infected as being infected . The tests like the ones being done by abbott, those ones are pretty good, over 95 good job providing theyre already showing symptoms. Think the problem weve seen with some of the confusion is what everyone would like to do is screen people before they go into a party, as weve seen in some, you know, high profile events around the nation. And, unfortunately, the tests arent very good at correctly detecting someone whos infected in that scenario. So i cant speak to the specific test that elon ran this test with, but hes asking a reasonable question which is how reproducible are the tests. Liz well, the pcr, the nasal swab test, would you just simply recommend that . Becketten dickenson is the company thats making the rapid test, or at least one of them. The stock is up more than 1 . So as we show that, youve got to give me a sense of what you think about that nasal swab test, and then well move on to what exactly youre doing. Most of these nasal swab tests what theyre doing is theyre scraping out a little bit of your cells, and they check to see whether the dna or the rna instructions of the virus are present in that sample, and if its present, then youre infected. That process is pretty good at detecting if the virus is present. But if you just recently have been infected or there isnt that much virus in your body, it may think that youre fine when, in fact, you are actually still sick. Thats why they wait for you to show symptom, because then theres more virus present. In general, these tests are very helpful tools to identify people early who need to receive special care. One of the problems is we dont have that many good treatments yet. Theyll be even more useful once we have good treatments that we can give to these individuals. Liz which is where you come in. Pfizer, of course, has a vaccine they say is9 0 effective 90 effective. Were all waiting on that. You are contracted out by pfizer. First, explain to us the challenges at the moment. We keep hearing that this thing has to be kept, this vaccine has to be kept at unbelievably cold temperatures, i believe around 94 degrees, 94 degrees celsius. I mean, dry ice is 79 degrees celsius. How do you do that . I mean, what do you have in that lab behind you that keeps things that cold . Sure. So ill show you the 80 freezerrer that we use routinely, ill give you a sense of how this is different than a normal 20 freezer and how not all hospitals have access to it and a little bit about whether dry ice can be used for the same purpose. Ill take off my headset here. 80 degree freezers, they have [inaudible] the ambient temperature, almost like a submarine door. That reveals the inside, it has a second layer. The deep freeze here, this is where the samples are stored. And this is necessary [inaudible] multiple layers of insulation to be able to maintain that temperature. Now, the good news, as you mentioned, is that dry ice is at 78 degrees, 78 degrees celsius which is nearly the same temperature as the freezerrer behind me, and i think youre likely going to find policy folks asking the very hard question, does it really need to be at 94 or can 80 save the same purpose and greatly facilitate our need to ship the drug wherever its needed. Liz well, that is the question, jacob, and im thrilled to have you right here because [laughter] you came on in the early part of this, and you were ramping ahead with the u. S. Military, really working on all kinds of antibody opportunities here. But how do you scale Something Like that up across the United States when we know how difficult that is, transporting it is extremely difficult, and just so people understand, these are not therapies and vaccines that are made from chemical compounds which may not necessarily need that cold storage. Theyre made from biologic cells. So, you know, theres a huge challenge, and you wonder how were going to be able to spread this across this gigantic nation. Well, thats right. For pfizer, their challenge is its an rna vaccine, and so they want to maintain it, basically, the older you go, the slower all things move, and theyre basically trying to put everything in hibernation to protect the medicine. I think its important for policymakers to ask does it really need to be 94 or could it just be 80 in which case we could use dry ice. But im sure pfizers looking at this. Now, with respect to treatments like antibodies go ahead. Liz no, i was please, you. [laughter] youre the expert, go ahead. So with respect to treatments for our antibody therapy, for instance, we are engineering it on purpose so that it canning be shipped at, essentially, 28 degrees. Thats about what a deli refrigerator would thats part of the reason why were engaged with the navy and the military, they also need to make sure they have something which is continually distributed for mass use. Liz who do you think should get the vaccine first . Were hearing all kinds of reports about the president elect biden and that his Covid Task Force is considering that we should spread it out across the United States and the rest of the country in an equal way. Do you have a stance on that, and yeah, i do. Liz [inaudible] possibility here . This is the policy everyone chooses. What you should do, so pfizer mentioned different numbers, between 50100 million doses available by the end of the year. The priority should be given to them to the people who are at the greatest risk, so this is going to include the elderly, people in old folks homes, the immunocompromised to the extent they can benefit from a vaccine, they should also include Health Care Workers that are at very high risk of being exposed to the virus. And once that first group of people is protected, thats really going to help because thats going to reduce the incidents of those people reaching the hospital and having really rough outcomes. And after that well roll it out in waves. Probably work backwards in age. The folks who are going to wait the longest are probably Healthy People in their 20s. Liz but im asking u. S. Elderly or all of the world elderly . I mean, ultimately, we do need all of the world to have access. I think youre going to see a set of contracts and negotiations are going to dictate who has access. The problem with this virus is until we have the whole world immunizedded, if we neglect a certain area, that group will reinfect the rest of us, so it is important to e achieve global immunization. The Pfizer Vaccine showed a pretty highfectiveness, the spike on this virus is a weak spot. Its targeting over 90 effective vaccine response. The Moderna Vaccine is very similar and, indeed, the other vaccines this bodes well as well. And across multiple companies were talking about millions of doses that should be able to be mobilized in 2021, so i think we are going to be able to produce enough vaccine for the whole world, and were in a strong position that thatll be highly effective. Liz ah, from your mouth to gods ears. Thank you for opening up your freezers and explaining that to us. Of course, were going to take you to the white house, top of the hour. This is what were hear willing, that President Trump will appear in the rose garden for a News Conference. We may or may not take questions, were not sure. Were getting all kinds of guidance on that. After the bell will have complete coverage and watch the stocks in realtime that may be related to this. Fox business alert, disneys ceo lashing out against california covid regulations that have kept disneyland in california shuttered. Even with the backdrop of spiking pandemic cases, hospitalizations and, yes, deaths, the ceo complained on his Earnings Call yesterday that customers want disneyland to reopen. Quote unfortunately, were extremely disappointed that the state of california continues to keep disneyland closed. Do we have that sound bite . Unfortunately, we are extremely disappointed that the state of california continues to keep disneyland closed despite our proven track record. Our health and safety protocols are sciencebased and have the support of labor unions representing 99 of our hourly cast members. Frankly, as we and other Civic Leaders have stated before, we believe state leadership should look objectively at what weve achieved successfully at our parks around the world. Liz i dont know, you know, youve got a very serious situation in the state of california, but the parks drama aside, the mouse house and maybe this is why the stock up 2. 25 streaming its way to a narrower than expected quarterly loss. Disney plus and hulu show subscriber games, many coming from india and indonesia, and those subscribers pay far less. The return of live sports boosting espn plus subscribers numbers as well, past the 10 million mark. Disney stock standing at 138. 60. Espns not the only one scoring a touchdown on the comeback of pro sports. Better than expected results in the Third Quarter thanks to the return of the nfl, the nba, nhl and mlb action. The Online Gambling stock draftkings jumping 5. 33 , also getting a boost on its prediction revenue growth, will pop 45 yearoveryear in 2021. So its rivals are basking in the halo effect, Penn National gaming up 3. 33, caesars up 5. 3 . The gaming explosion, a 53 year over year search in revenue leading Unity Software to a smaller than expected loss in its first Quarterly Report since going public. Webbush praising the, quote, near flawless performance of the gaming and 3d software maker. Youve got these developers who subscribe to unitys of software suited, at least three other firms raising their price target. Ticker symbol u. And revlon, just three days after leading the russell 2000 to new highs, the makeup maven dropping 17 percent on an ugly 20 drop in quarterly sales, but revlon shares still set for a gain for the week after fending off bankruptcy. Please, revlon, do not go bankrupt. No. Liz no. I definitely need the silver city pink, okay . Live and die. Who doesnt . Greg doesnt, my tech guy does not. So many of these companies, they think they can predict what their stock will do in 2021. But can you predict what the entire market will look like six months from now . Maybe todays bullish action giving us the biggest clue. With the closing bell ringing in 45 and a half minutes and the dow jumping 370 points, our floor show traders are about to play detective with that clue when the claman countdown returns. Stay with us. Liz breaking news, folks, weve got to look at the russell 2000. It just i touched an alltime high. Its currently on track for a record close. Okay, so weve heard a lot about records in the s p, the nasdaq. No, no, no, this would be the first record for the russell. This is the small cap benchmark, in more than two years. The russell needs to finish up more than 32. 2 points, its up 36. 3 points right now, to hit that record close. So maybe today is the day that it closes in record territory. Markets are pretty much overall doing the same thing jpmorgan strategists did overnight, make at bet not on whats happening in the world today, but what will happen in the future. Jpmorgan is increasing its equity overweight to 10 from 8 . At the same time, the team reduced its overbought position in Corporate Bonds and raised its Government Bond underweight from 11 to 12 . Should investors follow . To our floor show, barry james and Teddy Weisberg join us on this friday, the 13th. Um, barry, i know, people get all nervous. Liz, dont say friday the 3th. What . Weve got a great day going here. Barry, with covid cases on the rise, Election Results in the, lets say, side mirror, a new administration coming into office most likely, are you investing six days out or six months out when the picture will be better . Looking six months out. As we look at the world through, you know, the eyes of the election, probably pretty much status quo. The most extreme elements are probably not going to take place in terms of policy. So itll be good for infrastructure, probably stimulus and the like, and, you know, the large growth, the tech stocks, you know, that yellow brick road thats been working, people will stay on. But the big changer is that vaccine. And as you just, you know, were talking about, 50 million doses by the end of the year, 1 is. 5 billion 1. 5 billion just from one company next year, and thats what people should Start Building towards, an opening economy, growing economy, smaller capp, valueoriented, more cyclical names, some of the banking stocks. So theres a change coming, its not going to happen immediately, but the change is coming and start investing that way now. Liz right. And that way, you say, is to buy names like caterpillar, lgi, and speak of banks, you like [inaudible] teddy, the market discounts whats right in front of it, and it looks further out. You know, it always kind of leads the economy. So give me a sense of whether you agree with this and whether its dangerous or the right path to invest that way. Well, i think most people would agree that the market is a forwardlooking indicator, liz, not, you know, not a trailing indicator. And it tends to discount the future, not the past. And i think what jpmorgan did today, what Goldman Sachs said yesterday that most folks are looking for a better 2021 compared to 2020. Though if you had the right names in 2020, you certainly had a pretty good year. But, you know, the difference between looking out six days or six weeks as opposed to six months, i mean, my experience doing this much too long is that most [laughter] traders and investors sort of get it confused. And i think, unfortunately, most day traders, most people that trade the tape usually end up being unsuccessful in the long run. I mean, in my cause at my age, i dont even buy green bananas anymore. [laughter] but clearly, you want to look ahead. And success from investing in general is all about time horizons and patience. Obviously, youve got to pick the right names and have the right horses as we move forward. But it gets a lot easier and a lot more successful if you have longer term time horizonnens. So certainly six months is a good place to start, but i think, you know, you need to look even further out, two or three years, assuming you have all that time. And, but i would, i would stick with more or less the same names, liz. The same names that got us here probably are going to get us, get us in a positive place in 2021. Yes, therell be some shifting, and therell be some sector rotation, but you need to go where the earnings where, where the growth is, and that puts the techs right at the head of the class. Theyve been a little out of favor the last couple trading days, but in the end i think thats where you want to put your money. You want to own the exchange stocks, perhaps some of the big pharma stocks. Good companies, good balance sheets, good top and bottom line growth, and i think everybody will be pretty happy. Since months and perhaps even a year or two years down the road. Liz okay. Barry, thank you for joining us. Teddy, keep checking the expiration dates on the yogurt, the cottage cheese [laughter] the bananas, all of them. We love you both. Thank you so much. [laughter] all right. Snack giant best numbers getting a bingeworthy upgrade from Piper Sandler to overweight, rallying on the news by 1. 8 . But not everybody is sitting at home on the couch and snacking their way through the pandemic. The golf industry shooting a hole in one. Grab your clubs, were taking you to the 1st tee to show you the stocks that stand to gain. Closing bell ringing in 36 minutes. Or we are on track to see a s p and a russell record, so youve got to stay with us. Plus, the president , hes expected to speak within the next hour. Ot that. Free access to every platform. Mhm, yeah, that too. I dont want any trade minimums. Yeah, i totally agree, they dont have any of those. I want to know what im paying upfront. Yes, absolutely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. Now offering zero commissions on online trades. We charge you less so you have more to invest. Nellie young lost her devoted husband. Without him, things were tough. Her last option was to sell her home, but. Her home meant everything to her. Her husband had been