Five day winning streak. Dom chu has more. And it has been the outperformer the nasdaq again up about onethird of 1 , so well off the lows of the session so far all those lows by the way, the dow industrials down roughly 271 points and weve gained back a lot of ground, but a lot of waiting and seeing with the s p just about flat. Lets take a look at some of the sector movements since the covid lows that we saw back in march over the last three months, the real standouts have been energy, up about 68 , consumer discretionary, retail names up 47 . And Technology Names up about 37 . Are more sensitive names playing on a recovery or hopes of one driving those particular gains so something to watch. And then the stock of the day is spotify hitting a record high up 13 off the highs of the day after it inked an exclusive deal with Kim Kardashian west to host a new exclusive podcast centering around kriccriminal Justice Reform and remember a lot of headlines, dwrenkt listin direct listing, not an ipo, april in 2018, that Reference Price 132 bucks a show for the ipoish. Big move for spotify and take a look at the performance of the five biggest stocks they are doing the heavy lifting. So how worried could investors be about the top heavy market . Michelle and lorain are joining us great to have you with us. Weve been in the state where the five Biggest Companies have been the leadership for the past couple years, so why is it concerning at this point in Time Technology is the way of the future and we know that. And that is why weve seen such a run none technology. But wed like to see a more broad based market recovery. Non. But wed like to see a more broad based market recovery. And that is why id say to think about looking at some of the names or some of the areas that havent had the same run up. So if people are bringing in cash at this point, to start looking at other areas not that we dont like tech, we love tech, but there are areas of the market that we also like. Michelle, do you agree, is the time now to switch from the growth trade which has been bret defensive to the value area of the markets . I wouldnt say i recommend completely switching out of tech i think that it is important to keep to your long term Strategic Asset allocation but i would look and see maybe it is time to rebalance. I know a lot of our clients are overweight equities because of the recent rally and furthermore, if you do have some of the tech positions that have highly appreciated and have Large Capital gain, now is a great opportunity about maybe thinking about gifting those shares to your Donor Advise Fund so not only can you give to future charity, but you can mitigate the long term capital ga gains. Would you say gift over rotate that is just a question how charitable you want to be, but i wouldnt say rotate. I think that it is really important that you stick to still having growth in the portfolio. But i think being overweight here might be concerning so so if you say harvest some of the profits and move into other areas, what other areas should you be in there are concerns about a second wave hitting the economy or that the reopening will be in fits and starts. And if that is the case, that will hit sectors that are the socalled value sectors like industrials. Right but we also have a potential infrastructure package coming, maybe not before the election, but probably afterwards. And that would certainly help truck. Anoth infrastructure. And another area were looking at are financials. Xlf is down significantly, 20 and if you look at the big banks, they are down around 30 . So certainly some opportunities there in addition to industrials. And there was a big area though in the wall street journal today about people in forbearance and student loans, auto loans, other types of debt in which people are having difficulty either paying right now or they are in forbearance so it has yet to be seen as to when the period ends if they will be in fact able to pay. Is there a question mark on the banks at all especially as we go into the stress test next week are right, but you heard the fed say just this last week that the banks are well capitalized. Fed say just this last week that the banks are well capitalized a he ree rehe and he reiterated that in his testimony before congress. So i think we can believe that the Banking System is in good shape. If we compare to 2008 2009, we have nothing like that when it comes to our financial system. So we still see that there are opportunities there Going Forward. Michelle, what areas of the market do you like right now i mean, again, i think that it is important to stick to your long term Strategic Asset allocations. I agree that i think some value names are undervalued. We have a small favoritism to emerging markets i think the demographics over time and as well as groviwing Consumer Base is attractive. So within the u. S. , you wont tell me what sectors of the market you like . We invest across the markets. We dont particularly favor tech or anything like that. We believe in long term Strategic Asset allocation. All right well leave it there we appreciate it thank you. Now lets get to a landmark decision from the Supreme Court on the fate of hundreds of thousands of dreamers in america. Kayla tausche has that story reporter the Supreme Court ruling that the Trump Administration did not make a compelling enough argument to end the deferred action for Childhood Arrivals Program keeping in place for now protections for some 700,000 undocumented img gramigrants whm to this country as children. The court invited the department of Homeland Security to make a new case and President Trump incensed by the decision suggested he will. Implying that the Supreme Court was guided by politics not the law tweeting now we have to start this process all over again. Corporate america plans to continue fighting on the other side ibm is one of 143 companies to file a breach supporting daca and says that verdict gives Daca Recipients some temporary relief, but we urge congress to pass a bipartisan legislative solution that will provide the permanent sense of security the dreamers deserve in the original brief, the companies noted dreamers work at 72 of the largest u. S. Companies. They say replacing them would cost an estimated 6. 3 billion and taking them out of the u. S. Economy all together would result in a 460 billion hit to gdp and a 90 billion hit to tax revenue. Apple ceo tim cook tweeting in praise of the decision on behalf of the nearly 500 dreamers that work at apple and just before we came on the air the business round table out with its own statement also urging a bipartisan solution between the administration and congress. Back to you. Coming up, stocks on track for their fourth week of gains out of the last five with the s p just barely higher today energy the outperformer up by about a percent. And shares of sin that macinemal down will people actually go back to the movies the ceo will join us right after is. With fidelity wealth management, inealth management. G right now is a time for action. Thats why usaa is giving Payment Relief options to eligible members so they can pay for things like groceries before they worry about their insurance or credit card bills. Discover all the ways were helping members today. A lot goes through your mind. With fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. Thats the clarity you get with fidelity wealth management. And tailored recommendations. Hellbut you already itknew that. And ive got some tips to help you get through these challenging times. First, practice physical distancing. Im sorry, i did not see you there. Ive been doing it my whole life. Or there. Plus, there are lots of things you can do at home. Like, stay active with some sick dance moves. Be daring. And whip up a new dish. I love the combination of gummy bears and meat. You can do video calls for all of your important meetings. What . Sorry. Or just have some fun. Ok, not that much fun. Now, this does not come naturally to me. But, try to be kind to each other. This is a tough time for everyone. So thats it. Stay home. Stay healthy. And remember, were all in this together. What . But totally separate. You know what i mean. Yaaaaay welcome back we have a news alert on facebook removing trumps Reelection Campaign adds. Julia. Facebook says that it has taken down trump Reelection Campaign ads that describe, quote, dangerous mobs of far left groups and feature a red inverted triangle which is similar to a nazi symbol that is banned on facebook because it breaches the rules on on hate. Facebook saying weve removed these posts and ads for violating our policy against organized hate our policy prohibits using a banned hate groups symbol to identify Political Prisoners without the context that condemns or discusses the symbol were reaching out to the Trump Campaign for comment this is after Mark Zuckerberg has said that the company is reevaluating how the company will flag posts that could incite violence and this is as Tech Companies face growing scrutiny from the Trump Administration and it is interesting because facebooks stance earlier on some tweets was sort of lauded as being the more neutral one and maybe favorable in terms of the administration sponsor regulators going after facebook versus jack dorsey at twitter and here Mark Zuckerberg is sticking his toe into it you have to wonder what the political blowback will be here. I think that the thing here is that facebook is saying that this clearly violates their policies they are using a in a z zi snazi symbol and it is clearly in violation of the policy. Before zuckerberg was saying that it was a gray area, it did not violate the policy, that he wanted the public to be able to see what the president was saying here are ads that actually clearly violate the policies so it seemed like for them that it was a pretty easy decision to make it will be interesting to see what the administrations statement is thank you, julia cinemark announcing that it will reopen all its u. S. Cinemas by july 17, but with social distancing and studios releasing more content directly to consumers, the chains are facing a lot of hurdles cinemarks stock is down 56 on the year it has climbed back the past month, up 3. 5 today and joining us is ceo mark serati how confident are you about people showing back up to the theaters when they reopen . Were very confident. We have a lot of Consumer Research that has said that as wro long as we take extra health pr are actually anxious to come back and weve been speaking to doctors as we learn more about coronavirus. And they say closed contained spaces for a long area of time, those are kind of the worst offenders. Movie theaters would be emblematic of that it almost makes you wonder if they are safe to reopen. Kelly, i think they are weve had a lot of experts that have helped us in this, weve increased the air flow, were sanitizing all the theaters in the very beginning of the day, spraying every seat, were going back in between every show, were social distancing both in the lobby and in the seat. We have Automatic Technology so if you go and bought two seats in the theater, we would automatically block out seats around you as well so i think with all these precautions and all the health and safety precautions, we feeling pretty confident especially because well be starting out with significantly less amount of capacity. I think we feel confident in the safety of our guests and employees. And even if capacity is reached to the lets say capacity is 50 and you give me the number, and you are able to fill every single seat at that 50 full capacity, how should we think about whether or not you can make money given the additional costs associated with doing business in this environment . Typically in a precovid world, we would have anywhere between 20 and 30 capacity in any given week and only on the Opening Weekend or the Opening Night or the second night do the capacities go north of 50 . So were very confident that by adding additional screens and additional seats, especially in the early days, that we can be profitable at these reduced capacity levels. And your higher margin sales i would imagine is concessions how do you forecast how people would be receptive to eating and drinking in this environment were going to be careful with concessions well start with the core. Well start with soft drinks and sodas and popcorn and packaged candy. Well hold off on many of our other enhanced foods like hand made pizzas and hamburgers and tacos and such so well take that slow and easy, let people be comfortable. All of our employees will be Wearing Masks and gloves we are hiring all these people back now were literally hiring back nows of people and going through a very extensive Training Session with all of our employees. What is your financial position like . Amc has been under a lot of scrutiny for whether they have enough cash to keep going. And how would you be affected if there are renewed orders by even towns to have people avoid movie theaters. Kelly, we were fortunate to go into this in a very strong position we had a strong cash position of almost 500 million going in with a very low debt ratio as well so weve been able to manage our way through this and we can see a pathway clear even if theaters were to remain closed for an extended period of time you know, going into the following year, we have a strong Liquidity Position so were very confident because we went into this in a strong position that were financially going to be able to see it through and come out on the other end a very profitable company. And one final thing and i appreciate you taking all these hits from us, but there is this shift to athome viewing i know there have been lawsuits about this and whether Media Companies can release movies direct to consumers. But the tech giants are doing it, it feels like the future what happens if this is the way the world is going you know, the world of home viewing has always been there. I have a good fortune that i was in the Entertainment Industry going back to the days of dvds and even vms and there has always been direct to home. Many times some of the sequels of the biggest movies went direct to dvd and then cable came and people still went to the movies and now streaming has come and 2081 was the Biggest Box Office year in the history of the business 19 was just slightly below that the world did 42 billion in 19 in the midst of all this streaming. So we know people want to get out of the home. And enjoy great blockbuster movies in a big cinematic environment. So this is not new and we think that and we know actually through our Consumer Research that they are anxious to come back and enjoy that communal experience. Mark, thank you so much for joining us thank you best of luck. Be sure to watch mad money tonight, jim cramer is sitting down with amcs ceo. And still ahead, this stock hitting a record high today and has been on a tear of late up nearly 300 from the march lows. Well give you the name and the trid trade. And airlines are all lower again today as the way americans travel is changing forever as business moves forward, were all changing the way things get done. Like how we redefine collaboration. How we come up with new ways to serve our customers. And deliver our products. But no matter how things change, one thing never will you can rely on the people and the network of at t. To help keep your business connected. music anncr give customers access to precisely what they want, when they need it the most. With adyen, the payments platform that delivers convenience for all. Adyen. Business. Not boundaries. Welcome back to power lunch. As america shops, eats and works from home during the coronavirus pandemic, the way we travel when we do go out is changing as well phil lebeau has those details. Big impacts on both the airline and the Auto Industry. Well talk about the airlines in a little bit, but first of all lets talk about the Auto Industry and where you are really noticing the impact especially the people who say i have to drive or im going to start driving is with the used car market it is red hot right now. The average price according to cox automotive, just over 21,000, june sales are surging. 40 million used vehicles were sold last year that is a record may eclipse that this year if things continue to percolate in the second half of the year. Take a look at two companies, Sonic Automotive and car max sonic, used vehicle sales in june up 7 a big change from last couple of months car max will be reporting its q1 earnings tomorrow morning and well get an update in terms of what they are seeing and the new Vehicle Market is not as robust as the used, but it is recovering jd power says that sales last week for the week that ended on sunday, down 4 compared to previous expectations. And the weekly sales, they have come back a long ways from where they were the last week of march, they were down 56 . So you see a huge improvement in new vehicle sales. In terms of the Airline Industry and ameri