Reopening. What is it like to go out to dinner well let you know. A buffett solomon breakup. Well focus on another berkshire breakup making waves ahead of the open. Tsa temperature checks and massive lines out of the industryway . Some of the ideas being floated with more than a dozen out there to get the American Economy and airports going again it is monday, may 18th and youre watching Worldwide Exchange right here on cnbc good monday morning, good afternoon or good evening and welcome from wherever in the world you may be watching us thank you for starting off your monday on cnbc im Brian Sullivan we have a fair amount of green on the screen and a little optimism to start your week. We can all use some of that. Certainly we can and the markets are reflecting it. Many countries are starting to reopen and there are some positive virus trends. Fewer cases and, more importantly, a slowdown in fatalities, at least around the world. Dow futures are up about 300 points right now perhaps the markets reflecting some of the positive health data we are starting to get both in the United States and globally investors this morning also trying to digest some new comments from fed chairman jay powell who told 60 minutes that the American Economy may not bounce back in full until there is a virus vaccine available. Listen in the long run and even in the medium run, you wouldnt want to bet against the American Economy. This economy will recover. It may take a while. It may take a period of time it could stretch inthrough the n of next were year. Could there be a recovery without a reasonably effective vak sneen. Assuming theres not a second wave of the coronavirus, i think youll see the economy recover steadily through the second half of this year so a little longerterm optimism from jay powell a little more warning in the short term as well but investors seem to be, perhaps, looking past those Powell Comments and looking at, perhaps, more encouraging signs from other companies beginning to reopen as well and case counts, perhaps, not spiking enough in certain american states that are opening up as well and releasing their lockdowns. Driving is back on the rise as well, helping oil, too oil back above 30 a barrel for the first time in weeks. Oil, if you do the math, from that crazy day with negative trades, oil has made 130 round trip in the last couple of weeks. Well get more on that in the show. Your single focus today is not an american name well, it is, as we focus on Goldman Sachs as we got that late day dump from Berkshire Hathaway announcesing it slashed the bulk of its holdings in Goldman Sachs during the first three months of the year that goldman investment for Warren Buffett dates back to the financial crisis and 2008. No doubt well hear more about this story throughout the day right here on cnbc. Lets get your global money check as well. Were seeing green not just here in our futures but around the world as well. Mostly solid day in asia we want to point out one major stock mover there. Shares of takaara bio on news that new saliva arebased test will be released in japan before the end of the month if that occurs, it will be the second major virus salivabased virus test after Rutgers University made one available recently all futures are higher across the board. Very solid games most countrys stock markets up 2 many countries are reporting in europe sop of their lowest fatalities and hospitalizations yet. Great news on so many Different Levels that is also helping spark some Global Optimism in the equity markets as well. Now lets get back to washington lawmakers casting doubts on, perhaps, any additional new economic stimulus. This after the democraticled house passed its own 3 trillion stimulus package late friday rahel solomon has more on that and so many of your other top monday headlines at cnbc hq. Good morning. Good morning. It looks like we may not see the next Coronavirus Relief package until june the house passed a 3 trillion stimulus bill on friday but Senate Republicans called the legislation dead on arrival. The Gopcontrolled Senate does not have plans to put forward an alternative before the memorial day recess. Changes could be coming to the paycheck protection program. This follows criticism from many who say that Business Owners cannot access the funds. Lawmakers and government officials are looking at adjustments, including giving businesses more flexibility on how they spend the month en. 75 of the funds had to be spent on worker pay for the loans to be forgiven. Changes also look to be coming to the nations airport tsa reportedly ready to check passenger temperatures at a dozen locations as soon as this week airlines have been urging the government to take steps in an attempt to keep potentially sick people off planes and also make travelers feel more comfortable flying again. And federal authorities suspect that fraudsters appear to be targeting u. S. Unemployment systems the New York Times reports an attack has already siphoned millions of dollars in payments. The fuadsters seem to be using information such as Social Security numbers that may have been obtained from previous cyber hacks. Brian, back to you. Thank you very much. Well, the markets look poised to extend fridays little move higher and make up last weeks losses. This morning dow futures are up 300 points we showed you the global markets. Everything is up lets dig into whats starting the week welcome in ben amons from medley advisers we look at the data around europe, hospitalization trends, new case counts, fatalities, thankfully, are down some states here like tennessee that have partially reopened they are not seeing the kind of spikes that many people, at least right now, its early, had feared is health data driving some of the optimism this monday morning or do you it think its Something Else morning, brian. Thank you for having us again. It certainly is that people feel more comfortable to go out there because of this data improving even though there are restrictions, generally people want to go out there so, i think its that combination of having confidence and the willingness to go out. We will see in spending data showing up unsurprising in that way because reopenings should start activity the data coming out this week will reflect and extend that as well as come around globally the expectation has been rising. Theres been i think the back drop for the stronger market i think ultimately as the market is showing this morning, too, well break a little higher from here because reopening means reacceleration of activity yeah, i mean, you look at some mobility trends from around the world. Well show our viewers some here in the United States in a bit. They look certainly more positive nobody is saying were out of the woods yet. We have a long, hard slog in the United States. Certainly in parts of europe as well but, i guess, policymakers, despite the fact that the u. S. Congress may not pass that second round of stimulus until june, if at all, ben, policymakers have the markets back markets back, as well as the set idea that the down side is limited from here in the sense that the bulk of response has been very aggressive and substantive. So, this additional stimulus package that theyre negotiating, some of it will come to fruition its clear the economy needs more sport for those on the central bank side, its more to go. Qe is here but a lot more lending programs that have yet to kick in i think that too will play a role because implementing lending is affecting the employment picture much more directly than, say, Interest Rate cuts or negative Interest Rates. I think this combination of the policy stimulus just will show in the second quarter. If you put on top of that that the confidence is picking up for people to go out and do something out there, then, yeah, it reflects in the market. I think were staying in the stronger market here and at the same time, we dont see much of a picture changing on bonds and Interest Rates. That staying relatively low. Ben emons, a good day to start the week here, kicking us off on a monday. See you soon thank you very much. On deck, get ready for a different kind of office when you go back to work. How companies are going to change the workplace and what stocks may benefit from it. Plus, softbank making a big jump as they make a major sale well get you the latest on the softbank saga. Later, could Consumer Spending, even in this environment, actually be better than the economic numbers suggest . Well, maybe at least for some stores former ceo of walmart u. S. Will join us as well. Futures are up 300 points. Good monday morning. We have a lot more to do americas oldest lighthouse has weathered many storms. Seeing the break in the clouds before anyone else. Together, well weather this storm. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Snoou welcome back good monday morning. While many states economies may begin to reopen, some of you may be asked to go back to an office some time soon when you go back, that office is likely to look different than the office you left behind that open office trend of the past decade, that is clearly toast. At least for now in many spots, which Means Companies that make all that gear that is going to change the office could benefit. Lets talk about some of those names. Now with katherine thompson, ceo of Thompson Research group, focusing on infrastructure and architecture its great to have you back on cnbc thank you for joining us on a optimistic tone on a monday morning. When we go back to an office, whenever that is, for the majority of us, what do you think that office is going to look like . How will it shift, according to the research and the companies that you are speaking to every day . Well, the first thing you have to take into consideration is employees arent going to come back until they feel safe so, from the get go, its going to be a staggered reentry, very slow walk back into work from a practical standpoint, youre already seeing companies, Companies LikeHerman Miller, hmi, coming up with physical bear withiers between your traditional desking space. What youre going to see more in the long term are a couple Different Things back to the future youll see cubicles, youll see more space per employee, which has been dropping since 2000 and youre going to see more offices, too something you and i are dealing with right now, youll see a lot more working from home so, when you look at a variety of different companies, some companies have already made the decision, hey, were going to shift a huge percentage of our employees to work from home. Others, it may be more of a staggered office visit i would argue that probably many of the people who do work in an office are probably sitting on a chair or a desk made by steelcase or Herman Miller i would assume they have already begun to adjust their Product Offerings to meet these new demands. What are they doing and what could the business look like thats a great point. A stat you can look at is a Company Called hni theyve had 120 increase in their ecommerce business, targeted to the small office and home office. Steelcase is one of the Largest Global manufacturers and theyre going to be working with partners like jpmorgan or apple and google to help accommodate both the work and home, so essentially giving employees the option, if you want to work from home, this is your workstation if you want to work in the office, this is your choice. Herman miller also has design within reach, so it also has an upscale version to be able to get products finally knoll with full acquisition has options working from home and from the office. Very quickly, is your Research Showing we may be more spread out, instead of 1,000 people at a building we could have three separate buildings with a couple hundred in it each and a few working at home and that will ultimately require more desks, more shares chairs, and ironically, more space yeah. The number one thing youre going to see more of, chairs i can guarantee you everyone sitting at home is realizing their home office chair isnt that great youll see a significant increase in demand for good chairs at a reasonable price and youre exactly right to the point. Youll see more office space the counter intuitive is the office is dead we dont think its dead it will look different and it could benefit office manufacturers. Yeah, watching steelcase, Herman Miller and hni, 120 drop i like you start off with cherriness which is a carefully preserved state. That might define the office of the future have a great day, a great week thank you very much. Interesting thoughts. Still on deck, first shanghai, now florida. The house of mouse is looking to reopen parts of its attractions in florida well talk more about that as stock futures are up 266 points. First announcer todays big number 68 . Thats how much of u. S. Gdp comes from Consumer Spending investors will begin to see how much state lockdowns damaged that spending as retailers report First Quarter earnings this week. I came across sofi and it was the best decision of my life. Were getting a super competitive Interest Rate on our money. Were able to invest through the same exact platform. I got approved for a loan and it was a gamechanger. Truly sofi, thank you for helping me prepare for whatever the future has in store. Welcome back to Worldwide Exchange. As new jersey residents flock to the beaches across the state this weekend, the death toll continues to rise. 10,366 people have died of coronavirus in the garden state while the total cases neared 149,000. Meanwhile, new hospitalizations dropped to a sixweek low. Authorities in los angeles say they have launched a criminal probe into a warehouse explosion that injured at least 11 firefighters. Officials say it happened at a commercial building in the citys toy district that housed highly flammable butane. Eight firefighters are still hospitalized all are expected to survive. The cause is under investigation. This seasons first named Tropical Storm is churning off the coast of north carolina. Tropical storm arthur has maximum sustained winds of 45 miles an hour. Its expected to turn east into the atlantic finally, a pair of Michael Jordans autographed gameworn sneakers sold at auction, the price tag, 560,000. They were losed up during jordans rookie year in 1985 and first in his sneaker line with nike those are the iconic jordan 1s still classic. I have a feeling the last dance documentary may have helped those a smidge. Good to see you, buddy thank you very much. By the way, around new jersey, today could be the first sevenday stretch in new jersey where new case growth is under 1 good news if it happens. Fingers crossed. Certainly for that excellent news. Still ahead, first it was live nation, now new filings show one of the worlds biggest Sovereign Wealth Funds went shopping for a number of bigname american stocks in a very big way well show you the names that are getting bought. First, disney saying it will partially reopen Disney Springs entertainment and Shopping Complex at walt disney florida this wednesday after reaching an agreement with Union Leaders on safeguards for the workers of course, due to the coronavirus as well. A little positive economic data. Translating into dow futures up 271 to start your monday were back right after this. Across america, Business Owners are figuring things out. Finding new ways to serve customers. Connect employees. And work with partners. Comcast business is right there with you. With a network that helps give you speed, reliability and security. And enough bandwidth to handle all your connected devices. Voice Solutions Like remote Call Forwarding and readable voicemail. And safe, convenient installation. When every connection counts, you can count on us. Get the connectivity your business needs. Call today. Comcast business. Monday optimism. Some positive health trend sending a positive note throughout the stock market this morning. New case growth in the new york area is way down and fed chair jay powell says the American Economy will recover. Could Consumer Spending be better than some of the most economic dire headlines suggest . Bill simon is here to talk about that and preview bigtime earnings out this week. And you can go out to dinner now in South Carolina. We