Company holiday to the calendar. And he are everyone tz artz o raise serious cash thats all here on Worldwide Exchange on cnbc. Good morning, good afternoon, good evening. Welcome to wherever in the world you may be watching. Here is how the money, your markets are setting up their day. Stock futures indicating the dow is likely to rise at the open. It is early. We are in the green. We are 116 pointsto the future side as well snapping the threeday streak. It did during the second day o temperature. With that pull back, blue chips need about 1,862 to complete that selloff look at the wild swing after a relatively calm one. Watching the credit and bond markets as well. 10year at 0. 73 look at oil. New data that shows Venezuela Oil output has collapsed to 570,000 barrels per day. That is down from more than three plus Million Barrels a day. That is a 76year low in oil output for the most oil rich country in the world a true collapse of venezuela there. Wti crude is up to 38. 32 around the world, mostly red overnight in asia. Kind of the trend we saw yesterday. Not big swings anyway the market may be taking a breather japan might be going well as we get to europe slightly higher. Lets move on. Maybe it is about the fed. Jay powell warning, quote, significant uncertainty regarding americas economic recovery particularly for Small Business and lower income americans. He says may need Additional Support as the country tries, inches its way toward recovery it would be wise to look at ways to continue to support both people who are out of work and also smaller businesses that may not have vast resources for a continued period of time, not forever, so that we can get through this critical phase. The economy is just now beginning to recover it is a critical phase and i think that support would be wellplaced at this time joining us now is ethan powell chief Investment Officer thank you for joining us lets talk about jay powell. Is he really running the markets right now . It seems like the fed is sort of top lining it. We didnt see a big move yesterday. What is your key on the big issues and what is driving us right now . It has to be the fiscal stimulus he hit the nail on the head. 40 of those making less than 40,000 are unemployed it disproportionately speaks to people of cover and at the current level, it is hard to really understand what is driving the market the only thing he pointed to is fiscal stimulus. Is that everything . Is that what is driving the market is there any fundamental reason to be optimistic or is it all the fed . It is all the fed there are pockets of optimism as in a postpandemic world we are seeing an increase of a lot of previous social trends. Great valuations of Something Like a home depot with a 40 return with a strong almost double digit top line approach that should be trading at almost 20 times multiple. You could rationalize things in the market it seems very topee. We think it will be trading in a broad range for the for seeable future you look at the uncertainties and see the eu blocking down trade restrictions furthering this global conversation youve got the president ial race the pandemic where we anticipate structural unemployment. That exacerbating some of the racial tensions we are already seeing in the marketplaces a lot of certainty not a lot of cause for 0 the mix. You are also the founder of Impact Shares where it looks for providing a way to invest in socially Conscious Companies how have these important and top line racial issues changed the way you think about investing . You know, look. If you asked me, i think that we are in a period where we are really emphasizing the social and Environmental Impact of our Capital Allocation you think about the front year with risk and return, there is a third dynamic which is environmental and social impact. Companies want to be more intentional about how that is used and evaluate based off the process and are they in a decision to accomplish those outcomes, which is why our nonprofit Impact Shares with Companies Like naacp it is what does a good Corporate Citizen look like through the lens of the naacp certainly as it comes to companies impacting people of color in the United States and taking an active position in helping companies to improve their scores and their stand in relative to communities of color an important topic there. Well take a look at the shares. We appreciate your time with a lot of issues to launch us on a thursday from wall street to oklahoma the number of covid cases is getting more attention as President Trump takes a hard line on liking down the u. S. Economy for a second time. Frank is back with those stories and more you are right several u. S. States including oklahoma that continue to report a surge of new coronavirus cases days before a planned Campaign Rally of President Trump in tulsa that would be the countrys largest indoor gathering in the last three months that state reporting 329 new cases in the past few hours. Florida and arizona also reporting record rise of cases President Trump says he is not willing to shut down the economy for a second time. Google says it is committing 175 million to blackowned businesses and increasing reputation in leadership ranks and will end peer badge checks which encourages racial behavior and uber makes juneteenth a paid Company Holiday joining nike, nfl, post mates and others as adding this official holiday. After days of tension, Major League Baseball is one step closer to starting its season after holding facetoface talks with executive director to discuss the possibilities of getting on the field according to the details of the new proposal include 60game season starting july 19 and offering players full salaries including options to include postseason play in 2020 and 2021 back over to you gentleman frank, well see you in a bit when we come back, we are kicking off the daylong coverage of america at home. Taking a closer look at one retailer meeting the needs of the consumer and they dont even sell groceries is the stock market forming a dangerous bubble well ask top Equity Strategies if she agrees. Later, Las Vegas Sands is using unique technology to detect viruss in the workforce days before the virus appears. Well show you some very cool new tech you might be hearing about coming up. Stick around 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. Bbut what if you couldg do better than that . Like adapt. Discover. Deliver, in new ways, to new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back, but bounce forward. And now, with one of our best offers ever, were committed to helping you do just that. Get a powerful and reliable internet and voice solution for only 29. 95 a month for three months. Call or go online today. Only a few retailers not named amazon, home depot and walmart have been able to stay open being open does not have to mean having people walk through your doors. One big winner with the under the radar lockdown champ courtney, who is it . Hi, brian one of the few retailers that can say it now been through two pandemics. Three quarters of ll beans business is online or catalog based. The retailer has been able to sell so far into phases of pandemic buying. It was comfort first, then a focus on the backyard and then the outdoors beyond the home in march, sales of slippers went up 95 late april, early may, shomers busted outside hammocks up 150 , Outdoor Furniture up 80 exploring more outdoors. Later in may, bike sales up 400 stores have sold out of some is of those kayaks and boats sales grew 96 . 51 of 54 of ll bean stores are reopened while the catalog had been in decline for two decades, it has turned around during this period a lot of brands are trying to own their own distribution ll bean is kind of doing the option and moving into wholesale for the first time in its 108year history and will start selling in nordstrom, shapeles and midwest sports dealer shields. Back to you. I had to learn it is Leon Leonwood Bean founded in 1912. Good story there we are getting stories of malls opening and masks. Do you have any early data about how nationally we are doing with people going out shopping even with masks on . Data is coming in mixed in a survey, customers have said shopping is low on the list when they are talking about returning. The fear is still high they put shopping, particularly malls behind things like traveling. Then weve heard from retailers including macys and kohls and American Eagle that have said traffic in our store is better than expected. We saw things getting stronger shopper track tracks literal footprints when you look at the u. S. , traffic was down at 82 . Remember, some retailers were able to stay open. Now it is still down 44 i guess it has come back to about half we have a long way to go for that part, brian i did something tuesday i took yesterday off, tuesday night. I went out to eat at a restaurant i paid somebody and they bought me food. I forgot how to do it. I looked at a piece of paper and ordered it and they delivered it did it feel weird it was awesome. It was amazing i hope to do it again soon courtney, thank you. Still on deck, how one company is marrying technology and health care and taking it all the way to number nine in our 2020 disruptor list. Thats next. Announcer todays big number, 4. 6 trillion. Thats how much cash is currently sitting in money market funds according to refinitiv. Thats the highest level on record can i find an Investment Firm with a truly longterm view thats been through multiple market cycles for over 85 years . With capital group, i can. Talk to your financial professional or consultant for investment risks and information. Cool . Drop the taco. Get in the car. Does this sentra feel like a compromise to you . Wait, what. . The handling is good, right . No compromise there. Nope watch this. Umm. Bbrie. Brie brie rear automatic braking. So if this Nissan Sentra isnt gonna compromise, why should you . Youre right atta girl. The allnew Nissan Sentra. With more standard safety features than any other car in its class. With spray mopping to lock away debris and absorb wet messes, all in one disposable pad. Just vacuum, spray mop, and toss. The shark vacmop, a complete clean all in one pad. Dow looking down futures up 104 points right now. Hertz is halting a plan to sell 500 million they say they got the okay from Bankruptcy Court in the seed with substantial risk that shares they buy could become worthless. With any assets in chapter 11. Talking with her yesterday on squau squawk on the street when you let the company know that the sec has comments on their disclosure, they do not go forward until those comments are resolved there are other processes companies have to follow including if the shares are going to be listed, meaning communicating those and there are professionals involved also watch spotify. It has reached a deal with reality star Kim Kardashian west with a podcast focusing on criminal justice focusing on her innocence project. And wall street journal reports bond holders have refused to go along with the deal cnbc annual disruptor list highlighting companies innovating or transforming their industries neteera has found a way to follow human vital signs like pain, fatigue, stress, even coronavirus symptoms the Israeli Company coming in at number nine. Joining us now, the founder and ceo of neteera most people start at 49. You start all the way at nine. Tell us about your technology, what it does, how it works and why it is needed thank you, brian and good morning. Obviously, being number one the first time we join the disruptor 50 is a great honor for us and an indication of how technology is contribute to global good as you might call it. What we have came understand and we were looking at the market when we started to form the company is that the world is investing so much resources into Wireless Solutions cell phone, wifi, blutooth when it comes to health care and us as people, you have to be connected to wires to be monitored. We see that in many situations steve jobs is, maybe we can call them the father. When he was hospitalized, the main complaint was the medical equipment, he had to touch it, it was uncomfortable all these investments or not enough investment is being done in order to create the situation where we can read vital signs in humans from a dance through clothing we are using a small sensor with a weak beam and read the vital signs through skin motions our skin is moving when the heart pumps or lungs extract we can monitor these motions and from them understand the persons vital signs if hes well or not well we can see it over time. We are doing it in a sin only muss manner. You dont have to do anything or charge anything. That information is being gathered and stored in the cloud. Does it work in con junction with a smartphone or separately . It is its own eco system. Think of it as a bridge between the Digital World and human beings it is a complete different system that can connect to a smartphone and you can get data but it is not dependent on the smartphone how does it work . Is it put into a piece of clothes . Do you put it on when you need it when you take a pulse, you touch your neck or wrist when your heart pumps, it shows in the motion of the skin. The very, very small device hidden you dont have to see it it can be in an area where you are at for instance in israel, we have done very extensive clinical study. Everyone who came to the er, they had the front screening station. The person sat in a chair. They didnt have to hook him up to anything or glue anything on him. He was just sitting in a chair and they were able to receive his vital signs in High Accuracy coming in at number nine on the disruptor 50 list. Co congratulations to your team important work still on deck, with so much information and data being thrown at you, what are the key indicators you need to watch with the markets well talk about that. Analysts just slapped 3,200 price target on amazon and says it could be worth a lot more more after this. That calms you, helps you fall asleep faster and stay asleep longer great sleep comes naturally with sleep3. Only from natures bounty. Can i find an Investment Firm with a truly longterm view thats been through multiple market cycles for over 85 years . With capital group, i can. Talk to your financial professional or consultant for investment risks and information. Talk to your financial professional or consultant 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. Greenen the screen once again. Can the nasdaq make it nine wins in the last 10 sessions . Some are higher. After a second day of testimony from fed chair jay powell. We just know there are Something Like 25 Million People still dislodged from their job it would be a concern if congress were to pull back from its support it is providing too quickly. Could amazon be worth twice as much as it is worth right now. An analyst put out a very bold call you are watching here on cnbc. Welcome back and good morning. Im Brian Sullivan account nasdaq make it nine sessions higher in the past 10 jay powell and company keeping investors occupied the dow snapping a threesession win streak powell told lawmakers there is, quote, uncertainty regarding the pace of Small Companies adding that minority americans are particularly at risk yesterdays pull back however muted up 18 since april 1 oil is slightly higher a couple pieces of data. Showing that Venezuelas Oil output has collapsed at 570,000 barrels a day from 3. 5 million a decade ago that is a 76year low in output. U. S. Output down as demand goes up and supply comes down, we are see egg Oil Prices Move back towards 40. Giving jay powell a reason to rethink the rally growing more certain u. S. Stock markets recent rebound is ignoring the reality of the rea American Economy even in the three or four weeks i was writing about how little confidence i i had compared to the other bubbles, my confidence is rising quite rapidly that this is in fact becoming the fourth real mccoy bubble of my investment career the great bubbles can go on a long time and inflict a lot of pain i think we know now that we are in one and what is involved in having a bubble at the time of massive Economic Activity is substantial. Joining us now with her take. Do you think that this is a bubble for equities . I do think they have gotten ahead of itself. I dont know if i would use the word bubble. I would use the word fast forwarded. It has happened very, very quickly. The kind of things you expect to see. Lead and recovery have been leading