Lockdowns as coronavirus cases spike. Home sales hit a 15year high but weekly jobless claims unexpectedly rise. I have a question for you guys. Is chicago the nations canary in a coal mine, as new york citys mayor warns indoor restaurant dining is on the verge of shutting down again, and the center for Disease Control today recommending against thanksgiving travel. We are live in the windy city, where it already begins to lock down again. Refi rush as urban dwellers flee covid and the big cities. Mortgage rates are nearing alltime lows. At the start of the pandemic, mortgage guru barry habib told you right here on the claman countdown wait to refinance because rates were going to drop more. He was right. Hes about to tell you where rates will go next. Its his big 2021 prediction. The woman with goop on her hands. The Venture Capitalist who backed the superhot retail site is here on whether the Hollywood Alister is ready to go public. First, we have a fox business alert as covid cases replicate at just an astonishing pace. New warnings have just gone out across the country within the last few hours. Total cases, more than 11. 5 million as deaths push beyond the quarter million mark which we told you yesterday it had just hit. We are now at 251,445 deaths. All right. Let me get to certain city developments. New York City Schools shut down today after reopening just eight weeks ago. Denver, colorado and the entire state of kentucky have also switched to remote learning. But the nations top Infectious Disease expert, dr. Anthony fauci, says the United States needs a quote, uniform approach rather than a disjointed city by City Response that we are currently seeing. But waiting for that is not an option for chicago. Lets go live to chicago. Grady trimble is there as the stayathome order looms over the windy city. What does it look and feel like . Reporter we are about as close to another stayathome order, lockdown, as you could possibly be without calling it that. Starting tomorrow, new restrictions go in place here. We are at the iconic field museum. This museum and all other museums in illinois will have to close tomorrow. So will casinos and movie theaters. Retail stores on michigan avenue, they should be gearing up for the busy holiday season. Thats not happening. They are going to have to cut back to 25 capacity, as will gyms and salons. Bars and restaurants havent had Indoor Dining for several weeks now. They are allowed to serve outdoors but as you might imagine, this time of year in the windy city, that is not exactly ideal. Similar restrictions in place in michigan and minnesota as well. Some states are trying to go forward with less restrictive measures, instead of locking things down, shutting down Indoor Dining, they are looking to do curfews. As an example, ohio is having a statewide curfew that goes into effect at 10 00 today. The governor there saying that he sees this as a middle ground to avoid the complete shutdown. Listen. Were not talking about closing these businesses as we did then but what we are asking every ohioan to do is to limit your activity. Limit your contacts with other ohioans. Reporter l. A. County has a 10 00 curfew going into effect tomorrow. New york, the entire state, has had that curfew in place for about a week now. Some restaurants say because of that, sales are down by as much as 30 , just adding that late night curfew. It has a trickledown effect, too. Think of the Ride Share Companies like lyft and uber. Think of the drivers who work for them. They have already been hit extremely hard by this pandemic. You add to the fact that those late night rides are essentially disappearing and that spells trouble for them. One thing thats interesting is earlier this year, when the reopenings started, uber was expecting to see a surge in people taking rides going back to work but what they actually saw is people using rides during what they call party hours. People trying to get a social life back. Its very difficult in many of these cities and states with curfews to have any social life. Its extremely difficult in a place like chicago and all of illinois where Indoor Dining and bar service is completely shut down. Liz i know. Its starting to happen, you feel it here in new york city, too. Grady, thank you very much. Look, even with the new wave of shutdowns looming, investors have actually been shorting volatility because the markets have been remarkably calm. Look at the vix index. This is the fear index. It gives you an indication of how much fears in there. Well, we are actually down for the month so far 39 . Theres really been no fear. But even other vix products like pro shares ultra vix shortterm futures which provide leveraged exposure to the s p 500 shortterm futures, thats even worse. Because you know, we havent seen any volatility, down 42 but lets bring in our traders. Tom hayes and phil flynn. Tom, low volatility but should investors still have their guard up . Because im looking at an inverse one. Theres svxy and thats a short vix, right . You bet that its not going to do well. To me, this is a very interesting play here. But youve got to be careful, right . Yeah. Well, the vix is still elevated above 20 so if you really want to look for top or where to get extremely defensive you want to look below 15. We still have a wall of worry that we can climb. As Warren Buffett likes to say in the short term, the markets a voting machine. In the long term its a weighing machine. Right now, we are having some turbulence because of the voting. The situation with covid case spik spikes, the shutdowns going on around the country. Long term we can look at Earnings Growth next year will be well over 22 and thats probably underestimating the possibilities that we have. Gdp growth is going to be 5 to 6 . You have to look through the short term and if you recall, on the friday before the election i was on, and the market was down about 900 points. I said liz, this is a rotation, not a liquidation, and we said we wanted to get involved in banks, in defense stocks and energy. Since that time, banks are up 24. 5 , defense stocks are up 26. 5 , and Energy Stocks are up 34. 5 . We still like these looking out 6 to 12 months. On the bank side we like wells fargo, bank of america, citibank, the Net Interest Margin is increasing from the yield curve steepening, the reserves are going to come down. On the defense stock side we like ge and raytheon and on the energy side, we like exxon and kinder morgan. There is still a tremendous amount of opportunity. You may get some shortterm turbulence, a few air pockets, but you wont have to put on that oxygen mask. Liz yeah. But phil, at some point, somebodys going to step on the markets air hose and we are going to start to see the fares come in. What is the defense there that you see is the great play for people who might right now look at the market and say look at this resilience. The dow had been down 210 points this session alone. We have climbed back up. We are about two points to the upside. We could go negative again but its not the worst picture of the day. No. Its not. I tell you what, the vix has come down pretty dramatically because a few months ago, we were so freaked out before the election, you know, that everything was going to fall apart. They were going to shut down the economy, they are shutting down europe, it looked like the final scene of animal house, and now the vix is starting to come down because we are getting some answers to some questions. Listen, if you look at todays data, it was very encouraging. Even though the weekly jobless claims werent great, the continuing claims, you know, were Getting Better and the housing number was absolutely explosive, right . This is incredible. First time home buyers jumping in the market, unlike anything we have seen probably in many years. 3 30 , no distressed buyers in there. That shows a very very solid recovery. I think if you get back to the fear, usually, you know, usually you get the Biggest Surprise when you are not looking for it. Thats when you are getting your biggest spike in the vix. All of these fears we are seeing. Tell you right now, it sounds like they are talking about getting a stimulus deal. If they start getting close to that, that might be the component thats going to really start the santa claus rally. Liz congress has to act. If it doesnt want main street to fail. We are hearing it in all of the cities we all live in. There are restaurants going out of business and the domino effect is just horrific. We need congress to start doing something here, get it together. Tom, phil, great perspective. Thank you very much. Move over, airbnb and door dash. Paypal riding his firm up to the ipo gait after a 93 revenue surge in its latest fiscal year fueled by pandemic driven demand for loans. We will soon know whether its the jockey or the horse that really wins the startup race. Gwyneth paltrows goop creating a lot of buzz. We have the Venture Capitalist powerhouse backing this beauty. With the closing bell ringing in 49 minutes and the dow up 10 points, hey, green is green, folks. S p is up 9 points after having been down. The claman countdown is coming right back. 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She saw Something Special in these two companies and i cant wait to hear what it is that you looked for that has you putting your money on these types of bets. You know, the two we talked about, is it the jockey or the horse, meaning is it the founder or the horse, meaning the company. Before we get to bumble and to goop, give me a sense of what you look for before you say heres the green cash. Yeah, look, these are two great examples of just incredible entrepreneurs who are in huge markets. Great businesses and Business Models behind them. Its really both. Youve got to have both. I think both whitney and gwyneth are incredible charismatic leaders and just represent great founders who are also female. Liz i want to talk about goop. Gwyneth paltrow, oscar winning actress, obviously extraordinarily intelligent, she started this lifestyle site but there are a million of those. What was it specifically about this and i do understand she just gave a presentation to investors, you were there. How did she do . She was fantastic. Yeah. We just wrapped up our annual meeting and she presented i have to say, just for a second, it was kind of amazing because we had four founders present and it really was representative of what should be represented in the Venture Capital ecosystem. We had nick green, a mexican american, founder from thrive market and alex from open cast, a white man and it was just wonderful, just as an aside. Gwyneth, what set her apart in terms of building goop was authentic, its her. It sort of comes from this just genuine curiosity and sense of what shes interested in and sort of exposing things to the world and there are a lot of people that are interested in what shes interested in. She does it in a very very authentic way and just supergrounded. Liz that leads me to the question about the fact its been a very fertile ipo season and now a whole bunch of new names are starting to come to the forefront. We are expecting airbnb and door dash, bumble, which you have also invested in, a firm thats getting a lot of attention here. You want your money eventually that you put in. The lure of getting your investment back. How close is a goop, for example, to taking that plunge and what do you need to see before she would say im ready . Look, i think with any of these companies, they can go public at any time. Its really not an exit. Its really just sort of another milestone on the journey. You know, it provides an opportunity for liquidity but i think when you look at any of those companies that you just mentioned, the growth thats ahead of them is incredible. So i think when you look at it, it really is a financing event, its frankly a marketing event and so i dont really think of it as necessarily the time to just get liquidity. We look at getting liquidity at a time that makes sense relative to our fund cycle but i mean, all those companies have incredible growth ahead of them. Liz you had a hit out of the ballpark with the real real which of course is the consignment, high end consignment site. Julie wainwright has been on the show many times. Really impressed by her as well. This turned into what was an investment into a more than 2 billion ipo. Let me get to bumble, then. Because bumble and whitney are, you know, hand in hand. She of course had been at tinder, moved to bumble. Women get to make the first move dating site. Its is it a little crowded in this neighborhood . What makes you think this is a company that would do well as a publicly traded one . Whitney started bumble. She started it with a very unique insight and it turns out that insight is something that resonated with women around the world. So again, i think bumble has grown incredibly fast. Its a very significant scale today. But again, i think they are only just getting started. And theres an opportunity with bumble certainly around dating, but really around just authentic relationships, and i think thats what has resonated so much and whats allowed them to capture the growth they have so far and again, theyre just getting started. Liz well, were impressed by you. I would love to have you back. Your cofounder over there, to me, i love both of you. I think your storys fantastic and fascinating about where the money goes and what kind of midas touch or the eye that you have is really a story that i think our viewers want to hear. Please come back. Thank you so much. Thanks for having me, liz. Liz any time. Dana settle. From one groundbreaking woman in Venture Capital to another. They said it couldnt be done, especially by an unknown in the music industry. Get lady gaga and Britney Spears to give concerts all the way in india . The woman who helped startups morph into billion dollar companies. She reveals the special something she had to turn no into yes in my latest everyone talks to liz cod papodcast avai right now. Check it out. I would love to know what you think. Going allin on ballys. A new bull call sending shares higher as sinclair partners with a casino firm on a rebrand of the Fox Regional Sports Networks it acquired back in 2019. As bally jumps 22 , the man who broke that story, charlie gasparino, is about to join you with new details on another major deal in the making. Closing bell is ringing in 39 minutes. The dow holding on to 10 points of gains. Stay with us. Trelegy for copd. Birds flyin high you know how i feel breeze drifting on by you know how i feel [man coughing] its a new dawn, its a new day. No matter how you got copd its time to make a stand. And im feelin good start a new day with trelegy. No oncedaily copd medicine has the power to treat copd in as many ways as trelegy. 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