Sports leagues are trying to make a come back mike tirico is going to tell us what the biggest hurdles are that all of the teams are facing right now. Tyler, thanks, the nasdaq is on track to snap a fiveday winning streak after the apple hedlines spooked investors. I think the key point here is that there are is 11 stores it is only 11 Stores Online stores are still open most of the others are still open most only have curb side pick up, but the whole thing is trying to figure out the trajectory of reopening. The closings of anything, and the market should be concerned about this you look at some of these travel a and leisure stocks they were flattish a little over two hours ago here, but trip advisor is down here we did have that announcement, no cruising until september 15th, but that was only a short while ago. The apple announcement was before that. Another casualty is brick and mortar retail. I want to specify, it dropped here, here is your dillards, abercromb abercrombie, and more. Take a look online though. Those that dont have brick and mortars, those guys are still up the market is making a clear differentiation here thank you, robert investors are jittery here and that is adding to concerns about the base of the economic recovery overall is there more pain ahead and victoria fernandez let me begin with you, what do you see for the market over the period from now until election day . Choppy or what i think choppy is an under statement. There will be a tremendous amount of volatility but not just because of the election as bob was just mentioning we see the volatility in the markets as the reopening trade is a positive story. Today is also triple witching. You have volatility in regards to that as well. There is a lott of unkno of unkd uncertainties. Obviously if we get a second wave of covid cases. Im in texas and i think we have to be concerned about the consumer demand. Retail sales look really strong. In the short term are people continuing to go out or is that a onetime bond. Those are the causes for volatility in the second half of the year obviously any increase is welcome there, but theyre still below where they were a year ago or so. So there is recovery, but not back to 2019 levels. Youre predicting an s p that is higher than it is today. Thats right we think we will see trends continue higher in the market how interest rating, low inflation, that is a lot of obstacles. I think there will be a lot of volatility mixed in with that. Probably getting closer to that level where we started this year rop, let me bring you in. It is really remarkable from where we are today, the kind of return, but there is a lot of stuff in the path forward. I agree, riding the wave of liquidity, thats why we are where we are there is a reopening trade and i have no feel for the current state of the market. I am extremely troubled by the investment that were seeing i have been tracking them the last couple of days and probably mentioned at least ten stocks between 30 cents and 5. Listen, if i were the sec, i would be looking at what is going on online. That is one of the things that really worries me. The market may go up and if you have a long term discipline and youre engaged in retirement planning, that is one thing, but trying today trade because one individual thinks it always goes up, i think this marks a danger point in where we are today. Youre speaking about gurus that have styled themselves. These are individuals that may or may not be credentialed i think you know who im talking about, yeah. So i watched yesterday and this morning, and i will say look, he is successful with what he did with barstool sports he says this morning he was throwing out ticker symbols. I believe he said take a bunch of letters, smush them together, buy them and it will go up i dont think that is any way to address individual investors that dont have experience we sthau aw this in the 90s he started at the bottom of the cycle. Everybody that has been trading since then is way up i see penny stocks flying around not just him but neany where. We talked thedown down to its low of the day. I didnt mean to do that. Well give you credit none the less but you have names here, service now, american tower, charter communications, adobe, all companies that i guess we could say in a more Technology Focused economy would stand to benefit. That is right, tyler. When we look at how we want to invest in our portfolio we dont want to make bets day today. When we look at the trends that look stronger going forward, they may be stronger because of covid 19 and what is surrounding it be it is things that will last for a long time they have low debt loads these are the things that were looking for. So we have cloud services, Data Infrastructure names, we think they have longer term trends that long term investors can benefit from yeah, broadband providers may become more and more important we depend on them almost more than our cars sometimes. Thank you, happy fathers day. Apple is adding to worries about the pace of the worry now that it is reclosing some stores so where do we stand right now lets get to Steve Leisman our indicators show there is positive momentum, but signs of caution in all of this High Frequency data let me go through some of the indicators that we look at, an attempt to see what is the base of recovery. Let me start in the back with the apple mobility index they look at searches for driving, walking, and public transit. And we average all three of those together so researches are good there could be a seasonal aspect, but i like to see the numbers going up were looking at home base, a company that provides timing and scheduling apps to a lot of businesses 60,000 businesses with a million employees. Theyre down 27 compared to january. But that is way better than it was before these guys do a good job on the problems report in may finally a yelp store closing data now they have gone the other way. We have store closings in all 50 states and metro areas in the middle lets look at the home based employees, shooting up and going to work and if the camera operator would not mind zooming in on the for right there is going just a little bit i looked at a couple texas and arizona have all kind of eased back a little bit you did a marvelous interview in that last hour there i was glued to my television and i wonder if he is a statistic here in the data that shows the reopening and closing again when he found out that he could not make a go of it and maybe that kind of data and a lot of others are making that decision around the country. What is interesting is i have been thinking about how he would be classified. He might still be open, doing takeout and patio, so when it gets to the level of what your data is picking up on that doesnt even capture the weakness out there i think what is happening is the opening of the month it happened in may, our closing numbers went down. It could be the data lag, but it is not telling a story of wide openings at a very fast pace absolutely, as always, thank you for bringing that to us. Tyler . Right now health care is the only sector in the green as you see right there with industrials bringing up the rear coronavirus concerns front and center on and off of the field, mike tirico will tell us what reopening could look like for the biggest leagues. More power lunch after this. Yeah yyeah yeah hey, hey 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 thats it. Im calling kohler about their walkin bath. [ sigh ] not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Ask about saving up to 1500 on your installation. Welcome back, the sports sworld trying to restart, but obstacles are seems to effectively canceled on College Campuses players at many major schools are coming down with the coronavirus daily. Just a short time ago the phillies closed their spring training facility. Five players and three Staff Members tested positive for coronavirus. Joining us to talk about the Belmont Stakes, it is great to have you here. Sports looks like it is trying to start up but running into roadblocks. Should they say well pick it up next year or get used to the idea of there will be sports, people will get coronavirus, but well deal with it as we go. It parallels the business world. We kept talking about through march and april a new normal this is some of the new adjusted normal here is the good news there is testing and there are positive cases out there well continue to see that and that parallels what is happening in the rest of the bid world. It is trying to restart and trying to get the economic engi engine, but they put parameters in place to cash this if it happens, but when it happens you might get a little discouraged about getting back on the field, and the plan to finish the seasons in the middle when it hit. To me the most interesting thing is how do you react . We look through the football schools. The list goes on, so you know you want to prevent the spread of it so that people who are more vulnerable. Were going to still have our season there is no doubt we will run across players testing positive just like people in society testing positive and we have more treatments. All of the things that are out there that are improving our way of handling it welcome but that doesnt mean the virus has done away and now it has not. So now the leagues have to talk about how do we continue to go forward and when do we say this is not something we can handle by putting all of these athletes and players in the same place. If you find a small group, that means youre going to find an issue when the large group comes together i think the leagues are trying to have a great plan in place but also have to be ready for the reality that the plan cant be followed because of too many positive tests so what happens if the nba season, whatever we mean by season at this point, begins in florida but that number of players on teams, you know, do that start suspending some match ups. What would that look like . What happens if they just pull the plug i think in china, their basketball season was supposed to get under way, but they never did. They never just got it off of the ground and that could happen here. You start to put the plans in place and they include a training camp. Hockey has dealt with small groups before the larger group is scheduled to come in. With the nba youre talking about players coming together before they Start Playing games and playing a few before playoffs so they can run into the situation and make a decision from there it is a question that i asked a little bit is what happens if there is a playoff series going on and they have a two games to one lead and the team down in the series gets four or five players that test positive does the series end . Where do you have to go . All of these what ifs and questions have been asked by multiple sides the decision rests with the commissioners and the players unions how do we handle it, when, and has you questioned before, how many tests will it take . I think that is a real question here. If a couple players come down with it, then you have other play herbs that have been exposed to it and they may have to go on kwaurn teep and in a sport where the rosters are thin like basketball youre back into the d League Players if youre going to continue. Youre going to be calling the belmont tomorrow, there will be no fans there, where will you be when the broadcast takes place i will be where i am right now our nbc sports Head Quarters just north of new york and it was the first time i travelled, i flew, from my home in michigan to new york. It is a return to the life i was living for the last 25 or 30 years, traveling to cover sporting events. It was a little surreal and interesting but it felt pretty safe everyone is doing the best job possible to try to return. Ill be here at our sports headquarters we have three foiks on the ground at the belmont. And we have one analyst in florida, one in chicago at their home, were all socially distant. Were putting a Technology Plan together and our folks who have done an amazing job to try to continue to present sports and news the way that we normally see it i was at belmont yesterday they have been running races i was there for the fist race, no fans, no race call, it was a bizarre scene to see just trainers and a few other folks to watch it was a very odd feeling. Mike, thanks for joining us today and well see you this weekend. My pleasure, have a great weekend. Make sure you tune in tomorrow for live coverage of the Belmont Stakes i bet their ratings will be as high as they have ever been for the bell mont. Still ahead, a reopening route happening on wall street retail, under pressure right now as investors fear a possible new surge in cases of the virus possibly slowing the case of what passes for normal plus shares of slack taking a hit after goldman says one of the biggest rivals have an edge we that rival. Por lunch back in just a moment [shouting] [clapping and shouting] [cymbals clanging] [knocking] room for seven. And much, much more. The firstever glb. Get 0 apr financing up to 36 months on most models, and 90day firstpayment deferral on any model. Its got all my favorite shows turn oright there. Boom, i wish my Trading Platform worked like that. Well have you tried thinkorswim . This is totally customizable, so you focus only on what you want. Okay, its got screeners and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. Welcome back, stocks sliding down to a sell rating after microsoft teams. Nancy, what do you make of this call i think it is the right call. Couple that with the article that said Cloud Payments are being delayed and in some cases not being paid, slack has 25 of revenue exposure in the Small Business state yes the technology is better but theyre 258 million installed base and the fact that they focused on growing this business has shown up in the recent numbers in march and april compare that to 2018 when slack was at four fold growth. We own microsoft we like it here, there is a lot of levers to pull and i would make that swap as an investor. Up 93 , what do you make of the stock . First i would go back and look at the track record i think we have the topnotch analyst on the street on this one. He is over weighted. I like it. I think the chart itself is making a big rounding bottom and it pulled back a little here but this is a pull back that you want to buy. Up 90 , that doesnt concern me. Theyre winning some large customers, stocks like verizon it is a stock for us to be buying craig and nancy, thank you for joining me for more analysis go to our website. Coming up as we celebrate the end of slavery today we look at what still needs to be done to achieve equality in the wforkforce and coronavirus shutting down some apple stores. Were back in two. Stock slices. For as little as 5, now anyone can own companies in the s p 500, even if their shares cost more. At 5 a slice, you could own Ten Companies for 50 instead of paying thousands. All Commission Free online. Schwab stock slices an easy way to start investing or to give the gift of stock ownership. Schwab. Own your tomorrow. 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. 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. Welcome back, eastbound. In florida a number of hospitals are reporting all of their icus are occupieoccupied california also reporting another record day of new infections the former Atlanta Police officer charged with the murder of rashad brooks will be held without bail the charges say he was left in no position to grant bond. And governor guard poliss gets rid of the qualified immunity defense allowing them to be sues for misconduct. In detroit hundreds gather to celebrate juneteenth. Mayor mike dougen also took part kelly back to you. Thank you lets check on markets sitting near session lows right now all of these averages turns lower around midday. Session lows are also down about 1. 5 tyler . Thank you, the oil market is closing for the day. All right, a different story for oil prices the general theme has been to the upside wti futures are 39. 76. The futures right now are at 1. 73 . Now the bullish near to medium trend is being helped along that countries like russia will help with the plan to cut prices. It comes after apple announcing they will close some stores that are seeing covid rates increase that is the lowest number of active u. S. Oil rigs since june of 2009, kelly, back over to you. Don, thank you. Today we mark the anniversary of the end of slavery with the celebration of juneteenth ylan mui is looking at that side of the story for many in the black communicate, economic equality remains elusive. Our own polling would change Research Across six battleground states showing that black voters do not believe minorities enjoy the same Economic Opportunity ove