Worker training. What is the best way for americans to help themselves cruise lines say theyre the safest place to travel while on the pandemic but is it the safest place for your cash . All that and more on making money. Charles folks, markets moving gingerly but positive this after a highpowered rally spun out of control yesterday t was led by tesla which by the way is in the midst of one of the greatest runs in the market and helping nasdaq up eight out of 11 weeks. Since may 1st, the index as of friday was up 23 this week, riding the coattails of musk and tesla. Finally tesla was moving a little too fast yesterday t spun out out of control. It triggered selling of hot stocks. That coupled with the news of california shutting down businesses everything sort of spun out of control. Along the Way Investors shocked by junes budget deficit, 861 billion in one month. On that note, higher cpi reading prescient for todays trading maybe the fed may be more accommodative. There is a lot going on today. I have two of the best to help us out. Money map chief strategist, shah gall laney and bmi chief investment strategist alicia levine. Let me start with you, alicia, let me start with you, shah because i want to start with tesla. Im saying it is the new bellwether out there. Its a hot stock. Consequently helps the entire market. Yesterday it peaked at 9 45 a. M. Then it started to decline. Then it really started to fall off of a cliff and the rest of the market followed. At least for the hot stocks, this stock seems to cue all investors right now . I think partly the fact that it peaked at 9 45 which is when a lot of Retail Investors come. Market is indicative what is going on there. A lot of folks dont realize this stock has pretty short float, just shy of 148 million shares. That sets it up for a lot of shorts who then get hammered, who have to cover, who are forced to cover and move the stock higher and higher this is the pattern for this stock a long time. I think it is terribly overvalued but that is not stopping Retail Investors trading into it on hopes it will be 10, 20, 50, 300 higher. I dont think it is going to happen. I agree with you, it is a little bit of a bellwether. It has gotten a day trading stock to me. Doesnt look like an Investment Company stock for me. Charles in four hours, 40,000 investors bought the stock on the robin hood app alone. Alicia, this under scores the risk of having too few winners. Even in nasdaq we talk about how well nasdaq has done. Many people dont realize there are only 355 winners versus 262 losers on nasdaq. My question to you, when do you think buying overall will broaden out . Lets remind our viewers, charles, this is the most concentrated market weve seen including in 1999, because the five large tech cap stocks are 22 of the index, much higher than the five largest stocks more than 20 years ago. Yesterdays nasdaq move, the intraday move was a 98 percentile move. 6. 5 swing. Only two more times that ever happened. I think that is a warning sign. That is a warning sign that the concentration in these stocks could be overdone and it is time to reassess some positioning and we cant have itchy trigger fingers. Charles all right. On that note, alicia, you know, im surprised it seems like the market, even yesterday, beyond the tesla and narrow range of winners, seemed to Pay Attention to the deaf at this time number. When the number came out the market went down. Slight uptick in the cpi, the market also lost some steam. Is it too worried these traditional metrics, particularly inflation . I think the inflation concern is a little too early because most of the inflation we saw in the number came from energy and food costs. Food costs has a supply chain problem. The rest of it, the core was up 1. 2 yearoveryear. That is historically very low. The economy is still dealing with a demand shock were expecting through 2020 and 2021. Charles by the way the real reason wall street cares they want the fed to be able to add more accommodation. They dont want inflation to be any part of a problem at all. Shah, i want to swing to jpmorgan and banks. They reported this morning, three of them. Jpmorgan slightly higher. All seem to have higher Loan Loss Provisions. Maybe that is limiting gains. On notion of banks, will they live up to the hype . I want to note there is bank ipo, a cloud banking ipo up 150 today. Goldman sachs told people it is called enseen yo. Goldman sachs told their investors to by fintech, that process payment the like visa, mastercard and fiserv. Maybe we should look away from traditional banks, shah . I dont think so. I think banks are looking very good down here. Jpmorgan chase numbers were very impressive today given the environment. Wells fargo got hammered for the right reasons. If you look at Jpmorgan Chase with their fortress balance sheet, they provisioned an additional 8 1 2 billion dollars. I think their capital, their Loan Loss Provisions for credit losses now amount to 10. 47 billion. They have a lot of cushion in there. I think the stock has done very well. There is a lot of upside potential for jpmorgan. I also like wells fargo on a contrarian basis. I think the banks are starting to look very cheap down here. Charles i hope so, my friend. Alicia you know you say the next 12 months could be seeing more consolidation choppy with upside bias. Wish we had more time. Both fantastic stuff as we make our way to what is becoming a more volatile market. Meanwhile joe biden revealing the second part of his economic recovery which he says addresses Racial Injustice while the white house is hosting the worlds top ceos and theyre working how to train workers to benefit from the new economy. Biden wants to spend 7 trillion over the next 10 years and over what health care and systemic racism. President trump wants to let the free markets do all the work along with tax cuts and fewer regulations. American first action Spokes Person steve cortez. Im very frustrated history and struggles by blacks and hispanics are usurped to push stuff like Climate Change spending. At the end of the day throwing more money, 7 trillion, steve, is this getting people skills out there. No, that government led, central planned program will not work. By the way joe biden has no credibility when it comes to this issue, when he was Vice President under the slow growth obama years, sluggish economy over the obama years, wealth disparity between minority households and white households was exacerbated it widened throughout the obama presidency. What we saw when President Trump took over . We saw the on it. Hispanic men leaped to the front of wage gains during the trump boom into unfortunate events of the china flu, the china virus which crashed the global economy. So i think he lacks credibility here. Moreover this plan from joe biden is further evidence that he is not a moderate. The media wants us to believe the myth he is a centrist candidate and he is going to be economically pragmatic. We see in point of fact the opposite. He is in many ways a empty vessel that is being used by radicals, people like aoc and her squad to push extreme agendas that will crash the American Economy and that is the reality. Charles the point you bring up about him being a moderate, i think the reason that is important because most people understand that, to your point, we did extremely well the last 3 1 2 years with lower taxes, fewer regulations. We finally saw bluecollar workers get real raises, wages that outperformed inflation. But no matter what, i mean theyre talking about some serious taxes here, steve, that i am really more afraid of than anything else. I think they will go after businesses, rich people and anything else that is not nailed down. No, absolutely. By the way i will give you a very specific example, energy. He has already pledged, joe biden to eliminate fracking. He will institute aocs Green New Deal which would crush the American Energy sector. American energy has been by the way, incredibly impactful for strivers, people not have advanced degree, worked hard, started making a lot of money in western pennsylvania, north dakota and places like new mexico, a lot of hispanics working in the Energy Industry making six figures ayear. That will go away under Joe Bidens America and we cant let that happen. Charles i was reaching out to you yesterday. You couldnt come on. The boycott of goya. It is shining light on unending the depths of this cancellation culture. Hispanic lawmakers, Julian Castro and alexandria ocasiocortez actually trying to put largest hispanic business in america out of business, i cant even begin to wrap my mind around the logic of that. Charles, it is just shameful. I was very proud to be at that event, where bob inanu, the chairman of goya spoke, he dared to say pleasant things about the president of the United States, these radicals, aoc and castro, tried to cancel not just him, but his entire company which includes 4500 american employees, many of them hispanic. We should celebrate that kind of success, not trying to publickish it because a ceo might privately have a political opinion we disagree with. Charles steve, i have got 30 seconds. I want to get back to the combination of things President Trump used to get this economy going. Are we able, will we be able to do that during the covid19 pandemic . Or do we need a vaccine to be able to get back and build on that momentum we had in january and february . Well i think were already seeing the evidence that we can do it. We hope and pray for a vaccine. Even without the vaccine, if you look at recent data, charles, it shows this Great American comeback already begun with gusto. So it is already happening. It will accelerate, i believe once people are assured that President Trump is going to be reelected and the trump boom 2. 0 becomes a reality. Charles steve, dont be a stranger my friend. Great to see you. Nice conversation, appreciate it all right, folks, Mitch Mcconnell is signaling that the gop is ready for another stimulus bill but he is warning he expect as fight. Can congress get something done and get it done fast . I will ask arkansas congressman french hill about that. New York Governor Andrew Cuomo covid19 poster is leaving social media baffled. Well examine the poster later in the hour. What is boyfriend clip, what do you think . Tweet me cvpayne. About medicare and 65, ysupplemental insurance. Medicare is great, but it doesnt cover everything only about 80 of your part b medicare costs, which means you may have to pay for the rest. Thats where Medicare Supplement insurance comes in to help pay for some of what medicare doesnt. 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There are 3 key things you should keep in mind. One if youre turning 65, you may be eligible for medicare but it only covers about 80 of your Medicare Part b costs. A Medicare Supplement plan may help pay for some of the rest. Two this type of plan allows you to keep your doctor as long as he or she accepts medicare patients. And three these are the only Medicare Supplement plans endorsed by aarp. Learn more about why you should choose an aarp Medicare Supplement plan. Call today for a free guide. In a highlyconnected lexus vehicle at the golden opportunity sales event. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Iredefined the wordng thschool this year. Experience amazing its why, at xfinity, were committed to helping kids keep learning through the summer. And help College Students studying at home stay connected through our university program. Were providing affordable Internet Access to low income families through our internet essentials program. And this summer, xfinity is creating a Virtual Summer camp for kids at home all on xfinity x1. Were committed to helping all families stay connected. Learn more at xfinity. Com education. Charles Senate Majority leader Mitch Mcconnell announcing that republicans are planning to unveil their proposals for another round of stimulus early next week. He goes on to say that he is expecting this legislative debate to be more contentious than the previous four coronavirus aid bills. Congressman, House FinanceCommittee Member french hill joins us right now. Congressman, thanks for joining us. I want to get your sense what is going to be in this package since particularly a lot of republicans are pushing back on the notion there should be anymore stimulus at all. Charles, thanks for having me. We should change the rules on the ppp plan. There was 130 billion of appropriated but unspent money at end of june, when we extended that to august 8th. That is an area to make sure businesses that still have trouble due to reclosings have access to the ppp program. Also the emergency disaster loan program. I thought it was a black box at the sba. I would like to see the banks make those loans. I think that would get the money out quicker, more transparently people can count on it. We need more guidance to state and local governments. The cares act had 500 billion to the state and local governments but im hearing they dont have adequate guidance to get it to local, towns, cities, counties. Charles would that be on the federal government though or on the state governments . Ironically enough, that is one of the problems with the big stimulus plan under president obama. They had all of these projects that were ready to go. The money hit the states and it vanished. Its a key point. Arkansas got 1. 25 billion in their allocation but our counties and our cities dont really have an easy way to access that money to offset the covid expenses they have incurred, helping school districts, police, fire, open District Court buildings. That was the purpose of that money. I dont know that we need more money. More guidance from the congress would be more helpful to make sure the money already been appropriated is better spent. Charles although we know there will be two real fights, more money for states, as you mentioned some are reclosing businesses. I would rather see businesses get the money than the states. Of course this 600 bucks, do you keep paying people 600 additional dollars not to work. I think i know your answer on that. I want to swing it Something Else you posted a letter on twitter, something i know youre worried about, because your state hitting a Record Number of people hospitalized with covid19. Yesterday was a new record. You along with other elected officials in your state asking the white house for more help. What exactly do you need the white house to do for you . Well the testing turn around time with the big labs and in our University Hospital and our departments of health have slowed down from 24 hours to much 48 hours, to now, as long as five days. Our congressional delegation wrote Vice President pence. Governor hutchinson talked to President Trump and Vice President pence. We need more reagents to speed up testing. We have more testing, we need quicker turn around time tests. Shortage of reagents we wrote the Vice President all right. I think the president should consider using the defense production act for that reagent supply. That is something were waiting to hear back from the Vice President. Charles i hope you hear from him soon. I think Vice President pence has been pretty quick on addressing these issues. Of course we know, know it is literally life and death. I want to know where you stand on the big contentious issue today, who knows where it will be tomorrow, but reopening of schools . These places like california are saying, okay well not reopen schools for 80 of our population must realize that the poorest folks in those states probably dont have highspeed internets, may not have laptops, may not have computers. They will suffer dramatically if they have to be schooled via the internet. Our state has a lack of broadband and many of our rural areas that affects not only our students, but students of low income but our teachers. I support schools reopening and our Public Libraries reopening. The goal to do that safely. Again i think our governor, governor hutchinson and his education commissioner johnny key are talking the steps with our superintendents to make sure we do in classroom learning for our kids, particularly k8, charles. They need to be around other kids and need the Creative Learning environment and they need the support of a teacher and educational component because they dont have equal access to hot spots or technology. It really is a drag for our poorest students in my view. Charles no doubt about it. Congressman, thank you very much. Always appreciate our conversations. Well talk to you real soon. Meanwhile, folks the pandemic rocking the cruise industry to its core. The industry saying cruising is the safest way to travel during the pandemic . Are you buying it . What about the stocks . Well be right back from fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. And geico loves helping riders get to where theyre going, so to help even more, geico is giving new and current customers a fifteen percent credit on their motorcycle policies with the geico giveback. And because were committed for the long haul, the credit lasts your full policy term. The geico giveback. Helping riders focus on the road ahead. Charles well travel being on hold across most of United States and cities are threatening to ban incoming cruise ships but the cruise industry, theyre not pushing that. They have a new narrative for you, folks. They say cruising is the safest way to travel. Jackie deangelis joins us with details. Jackie. Reporter good afternoon, charles, no secret the cruise industry is impacted by pandemic. Look at royal caribbean. Check out the stock yeartodate, you can see in march the price plummeted because of the pandemic. Same thing with norwegian. Those two, caribbean and norwegian have a healthy safe panel to insure you can cruise the safest way possible. They have mike leavitt, and scott gottlieb, the former commissioner of the fda. They say it is not just about the coronavirus but overall prevention of disease. They are exploring things like ultraviolet light for purposes of santaization and Meal Services and how dining can be made safer. The industry is saying not so fast about being worried. Cruising is the safest way to travel. Listen to this. Cruise is a safest hospitality venue. It is the safest option. It is safer than getting into an uber. It is safer than staying in a hotel. It is safer than getting on a airplane. Reporter that is a voice in the industry. Think of a place like key west, a major cruise launchpad, voting limiting cruises that set sail there in 2021. Were talking about next year. Theyre worried about foot traffic. Theyre worried about the risks with the virus. What is also happening right now, the town council in bar harbor maine, they recently voted to block cruise ships for the remainder of the year. There are those skeptics out there. You heard the voice from the industry saying that cruising is the safest way to travel. Saying safer than an uber, charles. The administration is not necessarily sold on the safety and the public of course is still fearful of this. It will have to be something that we watch closely. But i have a lot of friends saying it will take a lot to get to step on to a cruise ship, charles. Charles although, some folks love cruising. They have one leaving germany next month. All eyes on hamburg, germany. Jackie, thank you very much. Before i bring in my friend ryan payne, yesterday when californias covid19 numbers came out the market downside accelerated. New numbers there, positive 7. 1 from 7. 4 the day before. Cases up 2. 2 , seven day average is 2. 8 . That is why the market got a little bit of an extra boost. Ryan payne, Payne Capital group, im not affiliated with. Airlines, cruise lines, royal caribbean, got downgrades from two firms, southwest and ma quarry. Investors pounding into the names big time. Where are you right now . Delta another name of airlines, struggling but intriguing with stocks plays . Intriguing is right. They havent sold off dramatically today. With deltas miss on earnings, it is only down 2 . If you look at, they have got plenty of cash, like over 16 billion. They should be, they should stop burning cash by the end of the year. Meanwhile i just got back from l. A. , my trip out to l. A. , there was less people on the plane on way back there was more people on the plane. I got to think, connell, economy reopening that has to be good for Airline Stocks and cruise lines stocks. Get allyoucaneat buffet on cruises. That they will be attractive plays. Just saying. Charles i know youre contrarian. Youre typically upbeat but youre not in these names just yet, are you . Charles, my brother from another mother, i think they are great spec plays. Look im asset allocator. I look at big picture. We look at value stocks versus growth stocks. We have biggest differential ive seen in my career. Overseas, right now, money is real cheap and were looking to place my money now. Charles my only beef, ryan, my experts come in, valuation is overvalued, but sometimes oversold stocks or undervalued stocks are there for a reason, right . In other words, theyre simply not performing. It is always tough for me as an investor load up on names of companies that just arent performing. Are there specific names, areas that you like that you just think have been overlooked . Well i think financials were a good litmus test with earnings coming out. Jpmorgan specifically. I mean their trading activity was up 70 for the quarter and theyre just wellpositioned here. Theyre more diversified. I got to think, charles, if i see, look at the numbers, we have the reacceleration of Global Growth is happening. Look what happened with china. Their stock market is outperforming ours this year. That means Interest Rates probably go up. Lending coming back. Consumers will start consuming again. For all those reasons, if you believe the economy will reaccelerate and i do, there is no way financials, energy stocks, all that stuff is going to benefit from that. Look, dont discount growth. The market can stay irrational longer than you and i can stay solvent. Remember 99 and 2000. Things can get grossly overvalued. Have that in the portfolio. Rest of the stock market is really, really cheap. Tough take advantage of it. Charles energy of course is the best performing s p sector today. I will look at it when west texas interimmediate gets above 42. Ryan, i got to go for people playing emerging markets they dont know where to begin, is there one or two good etfs to look at . I love wwo. Vanguard one. Tencent has done really well. China. That is easy play. 3. 25 yield. Got to love that as well. Charles ryan, good stuff. Talk to you again real soon. Sounds good, thanks, charles. Charles all right, folks, coming up im diving in on big cities how they have failed black and hispanicamericans for a long time on all levels. Education, jobs, housing. This is what happens when new york healthcare. Gov new York Governor Andrew Cuomo combs up with posters. This is headscratching art. I cant wait to talk about it next mornings were made for Better Things than Rheumatoid Arthritis. When considering another treatment, ask about xeljanz a pill for adults with moderate to severe Rheumatoid Arthritis when methotrexate has not helped enough. Xeljanz can reduce pain, swelling, and further joint damage, even without methotrexate. Xeljanz can lower your ability to fight infections. Before and during treatment, your doctor should check for infections like tb and do blood tests. Tell your doctor if youve had hepatitis b or c, have flulike symptoms, or are prone to infections. Serious, sometimes fatal infections, cancers including lymphoma, and blood clots have happened. Taking a higher than recommended dose of xeljanz for ra may increase risk of death. Tears in the stomach or intestines and serious allergic reactions have happened. Dont let another morning go by without asking your doctor about the pill first prescribed for ra more than seven years ago. Xeljanz. Charles folks, there was a time big cities were a beacon of opportunity for africanamericans. That actually faded real quickly. Stevie wonder noted that in his classic, living for the city. Country kid arrives in the city, looking for big hopes but arrives in the city with no solution. Gentrification sealed the deal. Middle class black folks leaving as fast as they can. Those who are left couldnt afford to leave either. Big city programs are a disaster when it comes to education, safety and housing and i think it will get worse. Omik malik is with me. There was a piece out of last week, exhaustive, one of these white papers, exhaustive, essentially it said that blacks, hispanics and even working class whites can no longer afford to live in these major cities and i fear it is going to get even worse. Charles, youre absolutely right. There is a coming catastrophe in major metropolitan cities across the country. Its a bubble decades in the speaking with the policies you and i spoken about. Outsourcing manufacturing for the working class both abroad and rural areas of the country. By and large the works class in cities primarily perform Service Oriented jobs. Think retail, restaurants, entertainment. During that same 30 year period their wages became stagnant. At same time their cost of living gone up tremendously as you know, often the same people we made billionaire, multimillionaires in china come buying up property where they live. From 2006 to 2016 the average apartment in new york went up 70 . Remember these peoples wages stayed the same. That is the bubble we find ourselves in with this bifurcated economy and covid19 is the pin that is going to burst it. Charles what really bothers me is that, if you dont have a degree, if you dont have a College Degree in any of these cities, particularly a place like new york, youre just not going to really make a lot of money. Before that there were ways to hustle and make money. To your point, that is taken away to the service jobs, that they serve these folks. Theyre sitting down ordering expensive dinners, living in fabulous or expensive apartments. Theyre out of reach and sooner or later, you have the issue of crime. You have the issue of violence and issue of despair. It always bothers me they try to blame someone like President Trump and the white house when to your point this has been, these seeds have been sown for over five decades . Charles, it is only getting worse in a lot of these cities too. Now we talk about the pin that burst the bubble. You think about it. On one hand you have the whitecollar professionals youre referring to sitting at home on zoom, watching netflix. Their daytoday doesnt really change. Meanwhile that same Service Economy though is completely stagnant. Theyre losing their jobs. So its a huge problem. Weve been knowing about this for years. The big issue comes down to, we need a complete change of the paradigm. We need to stop pushing people to take on student debt to go to four year universities. Start emphasizing like i seen this administration doing Vocational Training. Because in some same cities weve seen the strife, whether seattle, san francisco, new york city, they have the biggest gap in skills. Those are the top skills gap cities in the country as well. We need to train these folks for the new economy were in, tech and other types of Vocational Training where the working class gets skills again like they used to have. That is the only way it will work. When you add in, mention crime and safety issues you will have the High Net Worth folks leave. That will starve the deficit make it bigger in all these cities are that running multibilliondollar deficits. The Large Businesses will leave, not pay for leases because everyone can work at home. This is catastrophe, my friend. Charles just 30 seconds, left. Is there any hope it will turn around . I fear often folks are leaving these disand going to other cities voting the same way. Why is there no real pushback against policies devastating wide swaths of the population . Well it starts with buy american which was mostly a trump and bannon idea in 2015 and 2016. As you know a week ago we heard Vice President biden Start Talking that way. We need to bring manufacturing back here and get people trained in the vocational skillsets where it becomes a National Security issue as well. That is the emphasis we place on it. Get people in Vocational Training starting in high school. There are great jobs there. We have a skills gap that shows jobs are available for them. Charles been too long. Always appreciate our conversations. One day i will pronounce the name of your firm properly. See you soon. Thank you. Folks, tune in tomorrow, i have an interview with Federal Reserve atlanta president , ralph bostick. Plus the central Bank Path Forward as we have they taken on too much and can they do more . Governor andrew cuomo detailing a poster new yorks journey through the covid19 pandemic. It is not getting positive views on social media. People think the democrats are making money through the deaths of 32,000 people. You could order one. Cheryl casone, it is 15 bucks if you want to preorder it. Reporter 14. 50 if you preorder it. Looking at numbers, over 14 hour period, about 10,639 people ordered these. Considering 19 half Million People in the state of new york im not sure you consider this is bestselling poster. Is this good idea for the governor to take a victory lap, when we dont even know if there will be a second wave of the virus. New york is in good shape. Here is the celebration. Calling it the new york test poster. That mountain, theyre calling it the coronavirus mountain a couple things i have a problem with. First the subway. There is this piece of this shows the subway. Yes, homeless were living in the new york city subway for weeks and then, yes he went in and cleaned it up. Why did that happen in the first place . That is my first problem with the poster. It says forget the politics on top of it, right . Well, forget the politics, why did you put a picture of President Trump without putting his name on poster saying you know, it is just the flu . Forget the politics why are you going after trump on this thing . That is my other problem. He put the Javits Center on there. Javits center, maybe, charles, just a thought, instead of sitting there pretty much empty, they could have taken the 6300 nursing home patients that ended up leaving hospitals going back into Nursing Homes and causing all of those deaths weve seen and been reported he still says, wasnt his fault. Charles that to me is the part that really bothers me, the nursing home thing. If youre going to take a victory lap, at least acknowledge the serious missteps along the way because it has not been a smooth ride. To your point, cheryl, it may not even be over. Reporter no. You know what really got me last week, was the fact that the department of health came out with this report analyzing why did we have so many deaths in new york state Nursing Homes . It absolved the governor of any fault whatsoever. Critics are really pummeling on to that one including the associated press, the way it was built, that report was flawed. To be clear here, i mean, again if we have a second wave, how is this going to look if he is gloating and putting up posters . Look, they say they produced the poster at no cost, i do want to be clear about that charles, but at the same time, you know, theyre not making money. It was charles cost isnt the issue though. Right. The cost isnt the issue. The fact the timing is pretty bad. He does not acknowledge that they did some pretty bad work there, particularly in Nursing Homes. Who knows. He says he may write a book next, cheryl. Well talk to you real soon. Meanwhile the, folks, the Financial Media has been eno enamored with the retail apocalypse. We know theyre going out of business and they are missing surging names that are on the rise and these names you should consider for your portfolio. Im not talking about amazon. Nba reversing course after the relationship with beijing gets under serious scrutiny again. Weve got those details for you next my name is christine payne, im an associate here at amazon. Step onto the blue line, sir. This device is giving us an Accurate Temperature check. Youre good to go. I have to take care of my coworkers. Thats how i am. I have a son, and he said, one day im gonna be like you, im gonna help people. Youre good to go, maam. I hope so. This is my passion. If i can take of everyone who is sick out there, i would do it in a heartbeat. I appreciate what makes each person unique. If i can take of everyone who is sick out there, thats why i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles folks the nba doing a uturn after fans were discovered they were unable to order customized jerseys with things like Free Hong Kong but free america could be ordered on the initial fanatics online store. Hillary vaughn has more. They keep kind of digging themselves in there, hillary. Reporter lawmakers in Congress Want to take a closer look what they see as a cozy relationship between the Chinese Communist party and the nba. This happening after fans were blocked creating custom jerseys with the phrase, Free Hong Kong. That phrase is associated with the hong kong protest as they fight to remain independent from the communist party. But on their online store through the nba, fans were not able to put that on a custom jersey. Take a look at this video yesterday when one fan tried, essentially got an error message saying the jersey could not be customized with that text, Free Hong Kong. But the nba is facing even more controversy on top of that because customers took a look what phrases they were able to create. One of those phrases included derogatory and profane comments directed towards police. The phrase kill police was allowed to be generated on a custom nba jersey. And also the phrase, fpolice. That phrase uncensored was allowed to be spelled out. Listen to a phone call exchange with nba store representative and daily caller reporter tried to get more clarification why he could not put Free Hong Kong on back of a jersey. It wont you put Free Hong Kong on it . If proceed further, i have tried twice. It is not letting me do anything. Just to be clear i could not get a jersey that said Free Hong Kong but i can get one that says kill cops on the back of it . Yes, sir, you can get that. Reporter fanatics company runs nba website and the call center the phrase accidentally banned in first place, saying it was no longer banned. The phrase was inadvertently on all the league on store sites has now been fixed. Fanatics confirmed they have a process in place. Just because it appears you can order a jersey that says you can kill cops does not mean that customer would ultimately get the jersey because they have protocols in place to review each custom ordered. If it was something profane like that, that order would have been canceled. That jersey would never be manufactured or delivered. Still some people see this as a double standard and they want to take a look, a closer look about nbas business in china. One of those people is senator josh hawley who wants nba commissioner adam silver to be subpoenaed in front of the Senate Judiciary committee, excuse me, to talk aabout the nbas business dealings, how they relate to the communist party there. Charles . Charles lets hope senator hawley doesnt get anymore abusive stuff from folks in the nba orbit. Hillary, this story keeps evolving, not in the right way. 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Pick up the phone and call americas gold authority, us money reserve. 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. Charles stocks in the green as we head into the final hour of trading. You know, folks, you hear a whole lot about amazon and how much of a surge its made this year. Even the last few years. And its true but i want to talk about new places where people are actually buying, investing and spending their money. Take a look at these retail winners so far this year. Overstock, etsy, sams. Com, camping world all up more than 100 on 2020. Amazon is up about 70 . But these are some pure plays and we talk all the time about the retail apocalypse. I dont know. Maybe its just a shift because we are getting some monster winners emerging out of this. I want to bring in aaron seitz to discuss this. People now are spending money, theyre not going to penneys and macys but its not only about amazon either, is it . No, not at all. Amazon of course has done really well but the sites you mentioned, overstock and ebay or camping world that is the worlds biggest manufacturer of rvs, its really an awesome time right now to be in retail if you are reaching the customer where they want to be. So if you have that on the channel offering, if you are using your brick and mortar space uniquely and logically during this time so you can really maximize things, you can win in retail. Charles so the omnichannel thing like you have been talking about for several years, i think everyone gets it now. Now it feels like the covid part of it has made Curbside Pickup really attractive. Now when these Companies Report their earnings, we want to know just how much Curbside Pickup business youre doing as well. Absolutely. Curbside pickup was actually a huge winner during the primary portion of the pandemic. Far and above over Home Delivery. We have a lot of issues with Home Delivery because of porch piracy that also went up during the pandemic. Curbside pickup has been a big winner. If you look at places like carvana, the ultimate in touchfree shopping, you are literally getting a car for seven days to try it out, to test it, never actually coming in touch with a salesperson. People are loving it. Their sales are up 70 year to date and it looks like its going to do really well. Charles it has done well. Thats why i wanted to do this segment with a retail expert because i have been lucky enough to be in and out of most of these names and i cant believe how much money we are making. Postcovid, you think this whole thing will stay in place, this is the new way we will shop . Yeah, i have no doubt that you are going to continue to demand Services Better convenient to you. Its not because of fear, its not because of fear of covid. People just recognize this is really an easier way of doing things. Businesses can decrease their footprint by 1,000 square feet. Thats really where many retailers, nordstrom, nike, lululemon, thats where they are moving to. Charles thats right. All right. Thank you very much. Always appreciate your expertise. You know, as i hand it over to my colleague liz claman, i want to point out we are near the highs of the session. It feels a lot different than it did 24 hours ago. Liz right . 24 hours ago, we had a pandemic frightfest. Wasnt that crazy . In the last hour of trade, everybody flipped out. It was like they were watching some horrific movie, right . The dow now enjoying a romcom with the bulls, up 444 points. Thats a swing from trough to peak of 500 points and the nasdaq which woke up kind of cranky is now higher by a pretty decent 24 points. I say decent because it had been down 200. Why . Well, there is news that many of