Plans to their state as soon as today. Preparing for one possible second wave. What one ceo says hes getting ready and doing. You are watching on this wednesday, may 27, 2020 on cnbc. Good morning welcome from wherever in the world you may be watching. Im Brian Sullivan thank you for starting or ending your day with us on cnbc it is turning out to be quite the holiday shortened trading week futures are up again right now session highs. Nasdaq also up about a percentage level about the same. Dow futures have been gaining ground since opening up in the red following yesterdays big stocks move higher squarely focused on two things number one, the hope around the vaccine and the optimism around the rebound as more move forward with their opening plans d. C. Targeting next week, parts of long island opening today. Sooner than many had expected given earlier concerns the case of new growth rates and hospitalizations have come way down even those who get sick tend to ride it out and recover. Powering stocks today and yesterday. The dow and s p are double digits away from the highs a long way to go from those indices. Nasdaq up. Thats something well be watching today more on big tech as noted should be the highlight to see if we see any follow through today joined by joel, head of technology and Media Trading at Wedbush Securities good morning yesterday was kind of interesting. The dow soared while the normally Red Hot Technology stocks lagged. What happened yesterday and is that a reason to be concerned . Were coming into month end, so you expect a little funky price action well see that in the next two to three sessions as well. We are seeing increasing as highlighted earlier. Locked down restrictions steadily across the nation we have seen anticipations on the vaccine front. Overall, the underlying tone is possible you could argue never before have we seen this many money and focus being put towards one goal i think tech coming in right now this morning, nasdaq up 8 for the year nasdaq composite is up 4 . The s p down 7 , russell down 16. 5 . Only time to see a mean reversion. Premarket, you had airlines ripping out of the gates, cruise liners, movie theaters as well tleerly a rotation in the value that seems to be continuing this morning in european trading as well it does you look at tsa passenger data gaining here the cruise lines, some saying they are booked solid for the fall and winter. Probably more on rebookings. On the vaccine, there seems to be reopening optimism going on we had good data we are looking at chinese data from u. S. States and hospitals it feels like there is less fear around this than there was fair to say . 100 . Over the next two to three weeks, we saw choppy trading weather ocean city, maryland and other places there is pent up demand to leave their home if three to four weeks on the they are pew tick side, that will be positive for investors for tech, if we do see increasing relaxations and opening trends to accelerate, you could see a pause in the growth trade on fire over the past six weeks given the year to date moves, that is understandable at this point. The next two weeks will be critical we saw these images. We saw the images from the ozarks of people partying. If there is another spike and hospitalizations go back on the rise, what would we do the opposite would be we dont see the spike. It is known that younger folks dont get it or dont get it as severely as older folks. I think if we dont see a big spike in cases, an alarming spike, well call it, youll see this rotation and value, this midcap trade probably has more legs to go over the next month or two at least. Some of the Big Tech Companies coming in here the last four to five weeks clearly signs of stablization in april and may as well. The major amount of underperformance from this cap complex and value names. That is probably the trade that could continue to Gain Momentum in the near term if those numbers dont rise. If things hit the wall again and things dont drop back down, tech is at risk. And that rhetoric between the white house and china and now looking at two head winds. Tech would undoubtedly suffer greatly. Likely semiconductors within that trade can you give me that good name, that action this wednesday morning, joel . That goes without saying. Most tech investors are of the Cloud Software space sales force and workday are all reporting in the next 48 hours that will be a good indicator of the risk out there we know there has been a lot of projects green lighted as work loads continue to shift to the cloud and people are dealing with the ramped up capacity of the work from home state we are in cloud is in the forefront. When it comes to those stocks within a video game complex. Here at wedbush, i still love zynga. Siege the audience theyve been attracting, theyve been able to retain we are seeing elevated engagement levels. Great management class and great games in the pipeline as well. Zynga is my take for mobil game action you and your team have a great day. Be well and safe thank you. Outside of the markets, a scene in hong kongs financial District Police firing pepper pellets as people take to the streets again to express their anger over beijings proposed security law which they feel tramples on their free speech rights President Trump says the u. S. Is working on a strong response to chinas action there and is likely to be announced at the end of the week. Lets get to more what is going on on the ground now reporting from the Washington Post tweeting live all morning long tell us exactly what is going on and how wide spread the protests appear to be this morning, there were calls for a protest over a planned National Anthem bill that is currently being read in hong kongs legislate your right now. One of many protesters feel is a sign that beijing is cracking down on them and wants to bring them in closer there is anger over the security law being planned and proposed be beijing rather than going through the hong kong legislate your this morning, it was very, very hard for protesters to mobilize in any way because police had locked down the area such a heavy Police Presence nothing like ive seen before even during the protests last year the protesters regrouped and went through hong kong they had a gathering at the financial district but the Police Presence was so strong all day that it was really difficult for them to gain ground we saw mass arrests, Police Firing pepper sprays and balls into crowds simply shouting slogans. These were students, officer workers out an their lunch break, elderly people. These p werent violent protesters that we saw at points last year. What does that tell but the state of the protest has it evolved yes i think it is difficult right now for hong kong protesters to get the numbers or traction. The police have had the past five months to mobilize or change their own strategy and fortify areas that were considered weak points from a security perspective it is getting much harder for them to resist the stakes are getting much higher weve seen the Hong Kong Police really not having tolerance for anything right now we have seen the protesters shouting and insulting them and moving to disperse crowds once they started blocking roads and throwing debris. You see them moving in at the point of gathering they are not even allowing them to blow off steam and march on and carry on with their day. I was there for the better part of a week last october covering this. I see what you are saying. They were allowed to gather. They had to have their approved areas but once things got rowdy, cops moved in. It sounds like they are cracking down much faster and harder than last october you are right you are seeing peaceful protests closing up the coronaVirus Outbreak made protests hard anyway because people were worried about gathering and going out. Weve had local cases in the past two weeks people are signed up to protest again and very mobilized the worry here is even without this National Security law having passed, you are seeing beijing making rules on the right to protest freedom of assembly and cracking down on all of these avenues people are worried that this is happening so fast. They are seeing the rights and fr freedoms theyve known disappear here what could also disappear is western capital going to sing poo singapore or tokyo new comes at a u. S. Ford factory over, yep, a possible Virus Outbreak universal and disney looking to welcome back you to their parks as they get set to present their reopening plans to the state history in the making for nasa and spacex. T minus 11 hours, 30 minutes we have about 45 minutes lef w future up more than 1,200. We are back after this announcer americas veterans have always stepped up. But with the covid19 crisis, many veterans are struggling to make ends meet or get the care they need. Dav has helped ill and injured veterans for one hundred years, but today, the need is greater than ever. Give to the dav covid19 relief fund and help provide critical assistance to veterans in need. Go to dav. Org helpvets or call now. Your donation will make a real difference. Welcome back nasa and spacex are about to make history this afternoon. Frank holland is back with a very cool space story. Very cool indeed. These are live pictures of the launch pad at Kennedy Space center where two nasa astronauts will take a spacex launch. This will last the first u. S. Soil launch in nine years. In florida, disney and sea world are set to present reopening plans to Orange County task force the first step in the process of reopening the doors. Lat week, Parent Company comcast presented plans to reopen the universal theme park in orlando. In missouri, deep cleaning a work area because of an employee being diagnosed with covid19. Halting the production of the ford transit van for about an hour the f150 full sized pick up was not impacted the pause was at least the fourth since it restarted production at the u. S. Assembly plants back to you. Thank you so much best to all those astronauts there in florida great to have an interesting space story this morning a cnbc exclusive with the ceo of polar is. Do you think the economy is in bad shape. Well get his take on the consumer stick around announcer todays big number, 567 million thats how much spacex raised in the most recent funding round. The company now valued at 36 billion is scheduled to launch two nasa astronauts later today. announcer reliability is everything. So, if your networks down, youre down. Verizon knows your customers need to reach you seamlessly. Your team needs to work from different places across many devices. Plus, you want the security trusted by some of the Largest Companies in the world. And thats why you trust us. The most Reliable Network in america. Jimmys gotten used to his whole yup, hes gone noseblind. Odors. He thinks it smells fine, but his mom smells this. Luckily for all your hardtowash fabrics. Theres febreze fabric refresher. Febreze doesnt just mask, it eliminates odors youve. Gone noseblind to. And try Febreze Unstopables for fabric. With up to twice the fresh scent power, youll want to try it. Again and again and maybe just one more time. Indulge in irresistible freshness. Febreze unstopables. Breathe happy. And technologists, i see all the Amazing Things you have been doing. You are transforming business models, and virtualizing workforces overnight. Because so much of that relies on financing, we have committed two billion dollars to relieve the pressure on your business. As you adapt and transform, were here with the people, financing, and technology, ready to help. Good morning we have a developing story on boei boeing the company will announce 2,500 job cuts last month, it said it would make a 10 cut in the work force marking the first major job cut for the Company Since 2017 also, we are learning more about mercks approach to the finding of a vaccine a response saying the Company Plans to be responsible but aggressive across the koirntd, no one company can solve this all the companies are bringing different approaches if you look at that together, i have a great deal of confidence and optimism we will have an answer to this pandemic. Announcing theyll work with a Nonprofit Research organization to develop a vaccine or vaccines. And potentially good news for all of you interested in sports. Hockey may be coming back. Nhl may have a plan to restart the season using an expanded 24team playoff. The goal is to have the 12 best teams in each conference meet later this summer in two locations for several playoff rounds a little good news potentially it is the best performing retail stock since the lockdowns began. Is it amazon, home depot, walmart . None of the above. Well show you the surprising names to watch after this. Rilat that calms you, rilat helps you fall asleep faster and stay asleep longer great sleep comes naturally with sleep3. Only from natures bounty. Okay, give it a try. Between wisdom and curiosity, theres a bridge. Between ideas and inspiration, trauma and treatment. Gained a couple of more pounds. Thats good for the babies. Between the moments that make us who we are, and keeping them safe, private and secure, theres webex. Beautiful. 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. The rally looks to roll on faster optimism in the recovery. Dow future up 400 points today here in hong kong with more protests on the ground in a Worldwide Exchange exclusive, more on the Consumer Recovery of polaris as the ceo lays out surprising things about the state of the economy now this is wednesday, may 27, 2020. Here on cnbc welcome back good wednesday morning thank you for joining us here. Here is how your money and investments look just about half way through the 5 00 hour. We opened up trading last night in the red following big gains we had in the market since that little drop, we have seen futures simply continue to gain steam dow futures are up 400 points. It has been a remarkable turn following the valley we saw yesterday. All of this as investors continue to focus on the reopening of the American Economy as more regions get back to business perhaps sooner than many had expected. D. C. Talking about partial reopening. Parts of long island talking about reopening as soon as today in more rural areas as everybody is waiting to hear what is happening in new york city your stock of the day is one that we just teased. The best performing retail stock in the s p 500 since the lockdowns began back in midmarch you are probably thinking, brian, it has to be amazon, walmart or home depot. It is not any of those it is Tractor Supply company as of yesterdays close, the stock up 46 since march 16. Not only the best performing s p retail stock, it is the 17th best s p stock overall compare that to amazon, best buy, lowes, nike, its no contest. Stock up another 7 after issuing new Second Quarter guidance yesterday saying that they continue to see record sales across all channels, categories and regions you go Tractor Supply. Good news for their investors as well lets see if there is more good news around the world with a check on the markets julianna tatelbaum, who is from boston have you ever been to a Tractor Supply in the United States . Do they have those in chelsea . I havent i thought that was going to be home depots price chart we have more good news here in europe shares continuing to climb around 2 of gains for the rest of the markets the cac 40 is leading this morning. Within that, renault shares trading after the carmaker announced a revamp of its alliance with nissan and mitsubishi we are looking at new eu budget and fiscal stimulus for the european economy a lot of focus on the europeanwide fiscal response. Weve heard from the central bank and now to the European Commission lets look at the breakdowns green across the Board Technology and health care are trading in the red ooze autos up more than 6 . Renault strong the sector responding to new stimulus from the french government president macron unveiling a stimulus package he wants france to be the leader in clean vehicles. Following the strong gains for u. S. Banks yesterday which led the charge for wall street thats the picture for europe. Brian, back to you thank you a lot of green on the screen there. When the lockdowns began, the wisdom was that the consumer would go into hiding, lockdown finances and stop spending the common wisdom has been uncommonly wrong joining us from his headquarters in medina, minnesota up nice and early. For an ex navy guy, nothing surprising you put out your press release saying you have Unprecedented Demand for many motorcycles and other products how much of a surprise has that been to you and your sales team . Brian, thanks for having me on we pride ourselves on discipline and we were way off on this one. The pandemic started, there was a lot of concern about liquidity and what we saw we were expecting retailers to be down 20 or 30 the southeast is incredibly good market now we are seeing pennsylvania really good growth it is a good family activity, great social distancing with a helmet we feel like we are well positioned now the economy is not as strong a