With phase two of the reopening plan the top new york state Real Estate Broker will tell us what she is seeing on the ground and 30 or 40 stories up. Power lunch starts right now. We are about even on the advance decline line but its Technology Stocks to keep powering those names, particularly in the top 25 let me show you sectors here thats essentially at a historic high. Quibble about it. Also having a great time that smh the second one there but Everything Else is kind of lagging so even cyclicals like industrials and banks, even defensive sectors Like Health Care and Consumer Staples they are lagging the big cap Technology Stocks. We have new highs as you heard there at the top but a lot of it is basically mega cap stuff at new highs. Apple is at a high new microsoft, adobe nvidia these are all of the top 25 in terms of market cap. All of them well over 200 billion in market cap at new highs. The big market cap they drag the rest of the indexes along with them they are saying walmart is entering an era of amply identified Earnings Growth driven by an enhanced productive loop that sounds ominous. The analyst is going to be on in a few moments to explain all of that back to you. We look forward to it thank you very much. Now despite the growing uncertainty. We put money back to work owing to the momentum that we have seen and expectations are enough to drive us further we believe back up to the highs but probably not much above that it doesnt imply a ton of upside no, it doesnt. One of the things that you were talking about or we were talking about on the segment was the return in momentum and the larger cap names and i think thats where we could continue to see momentum because folks expect the Balance Sheets during cash on hand and they were likely to continue to lead in just a way. You do think we continue in the start of another bull market and folks are skeptical that the bull market will be as strong as the last one you dont have stock buy backs for instance so is that good news or does it mean that this one could still disappoint us because its not that vigorous. Most bull markets if not all of them begin with very skeptical readings of the initial phase of that movement coming out of a very difficult time but a weaker trending dollar and steeper yield curve. Thats where the cyclicals in a Global Expansion this time around we think it is a Global Expansion if you take a look at the stimulus and liquidity out there and the markets are telling us this. Were likely to see them catch people off guard that are still on the sidelines which is why we think its a more powerful advance than most people believe. Were also getting numbers about just how high the global debt load is to get through coronavirus. What does that mean for the future does it have any investment implications that youre aware of theres two phases to this. Initially its pushed aside and then you have to deal with it down the road and when you have to deal with it, the key question is going to be whatis the interest cost . Right now were at record low rates. One of the surprises going on right now is very few people are pointing to this but i suspect that its going to pick up in the next couple of weeks. It comes down to how much do you owe . But that phases itself out overtime. We talked about your views on the market overall you Like Health Care here. Where else do you think investors should turn . Well, we have remained overweight technologies, specifically Software Services going back to the recurring revenue theme but we have added that to cyclical exposures as well, bumping energy back up and materials, industrials, those types of things. Going with momentum more so than a recovery in the fundamentals thanks, guys, appreciate it all right, kelly. Thank you very much. Troubling news about coronavirus cases in the south new cases in florida have risen 87 week over week and since reopening on may 4th across the state, cases are up nearly 170 as testing has also increased there but some potentially encouraging news on the virus treatment front as gilead says its going to be starting trials of an inhaled version. He is a renowned pulmonologist in the miami area. I want to get to the case count and what youre seeing in your hospitals that you supervise but lets begin with this nasal enhailed version and you yourself have been looking at an antihistamine and antiviral and you intend to present it to the fda this week. Why is inhalants such an approach. Research has shown that they are predominantly in the nose and trickles down into the lungs. Research in china has shown the same thing and we have a lot of interest in that area. So youre going to apply for an fda trial to see how it works as a combatant to the coronavirus, right do you have any ideas that it may work it does we have studied the capacity of killing the virus and within 15 to 20 minutes it was capable of killing more than 90 . Lets talk about what youre seeing in and around florida you worked down there in the north miami area plantation, general as well. Are you people Wearing Masks and if not, who is not thats an excellent question. We have relaxed way too much in terms of following the guidelines and using masks and we see this in the young population after Labor Day Weekend we saw a massive amount of people going to beaches and places. No using social distancing measures and no using the mask and the mask is important and we know that the virus replicates in the nose and then it trickles down so they will help with the transmission of infection. Masks, bottom line, masks work, right . They do absolutely lets talk a little bit about the point you just made there which is that it seems like its more younger people that are maybe less prone to get really Serious Health effects of this disease but older people seem to be a little bit more respective i hear you say one of the areas where the disease has been extraordinarily rampant has been Nursing Homes theres been tremendous death in the places what are we learning about how we manage in the nursing home setting and what changes need to be made so that those changes can be made safer for the elderly. I think that the infectious process is a lot and i think Nursing Homes continue to learn just like there are hospitals how to handle the amount of patients that we see but as you said, we see more young people than all the population. They are very cautious about all the distance and measurements that we had and we follow but young people would get in touch with the elders and i think that its an important mention that everybody should follow. What about the patient load in the hospitals where you work. How close are you to capacity and how concerned are you that you may have to print in tent hospitals and tent icus and so forth . I think that we can manage as it is today but we definitely see a significant increase in the number of cases. Three weeks ago we didnt have that many cases in our icu or the regular in the hospital. Today were reaching close to capacity and icu predominantly we have a large number of patients there diagnosed daily with covid i think that we learn whatever is coming. We have learned how to allocate resources better and so forth. I can imagine that we have also learned how to treat this disease better what have you learned . In the first few weeks we were all trying to treat our patients and using everything that we have today we know that if we use antiinflammatories like incredible recently and remdesevir we see less and less dying. They take a long time to get out of the icu and get off of the ventilators and it is a process for sure. Dr. Gustavo, thank you for all that youre doing and we appreciate your time today. Thank you. Coming up, stocks are near the highs of the session utilities among the best performers today while real estate and financials are lagging. Plus manhattan begins phase two of its reopening how much demand she is seeing in the partially shutdown city. Thats right after this break. 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. 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. Manhattan entering phase two of the reopening. Robert frank is live from a new condo tower on park avenue the big question for the Real Estate Industry is how many of those people are going to come back and at what price are they willing to pay to live in new york city. Now this morning marked the big step for the first time in three months able to show apartments and hold open houses this market has a long way to go to recover you look at listings those are down by over half during this crisis you can look at sales contracts. Those were down by over 80 in may which was actually an improvement from april and if you look at prices, prices were down in new york city between 10 and 15 even before covid and now the question is whether they would fall an additional 10 or even 15 beyond that. So we could be looking at prices down 25 or more since the peak of the market. The sector to watch and the bell weather would be new development. Buildings like this one which is a brand new condo tower on park avenue this unit here about 3,900 square feet. Originally priced at 18. 9 million they already chopped it by a million so now its a mere 17. 9 but there is a 6 or 7 year supply of new development with a lot of these new units coming on the market now the big question is that. 18 million. Now i want to see what you get for that kind of money stay right there for more on what the Real Estate Market could look like post pandemic, lets welcome in the ceo of the new york based real estate firm. Its great to have you here and yeah, i mean, prices down 25 from the 2017 peek are they going to have farther to fall . Its hard to say. We were already in a price correction before this pandemic hit. So i expect prices will correct more and people want to buy and sell and rent and as long as transactions are happening were happy. Who wants to buy primarily who has the confidence in this environment. This is new york city its one of the greatest cities in the world and people want to live here and they want to raise families here so thats not going to change. There may be some people that decide that they dont want to live in vertical living anymore. Thats possible. Well see some of that and there are going to be some people that double down and want to stay in new york city. Well only know in the upcoming months its hard to tell right now. Its interesting to me. It seems like the flip side of what is happening in the suburbs of manhattan right now manhattan itself sounds like a buyers market. The suburbs are a sellers market we have things going for a lot over asking price often all cash and you wonder how long these trends will last and the big mystery here is we just dont know whats going to happen in manhattan because its been shutdown theres been no price discovery. We have seen all the demand out side even in florida and we dont know what impact if any its going to have my question is for bargain hunters, which segment do you think has the best deals right now . Will it be Upper East Side coops or condo buildings downtown which segment for people looking for the first time to buy in new york, looking for bargain, which segments will have the best price cuts or discounts . Well, i think the Upper East Side is an incredible place. Theres a lot supply there so if people could find condos and coops people like the Upper East Side because theres schools, hospitals and parks and incredible value to be had and you know downtown is typically more expensive the west village and soho but the east village is emerging a lot of people like the east village and theres value to be had there. Brooklyn is always a great place to find opportunity so i think that it depends on what youre looking for and just to talk for a second about the fact that there has been, you know, an incredible demand in other places, thats true for us in palm beach, connecticut, and you know, you cant keep stuff on the market there its going to take time to see how new york pans out. Im famous for compound questions, here is number two. What are the new buyers in the market asking for that maybe they wouldnt have asked for four months ago . Well, there are some sellers that do want to leave new york we have some of those that wish to move to the suburbs remember the issues with the taxes have been a problem prior to the pandemic. People have been leaving here because the taxes are ridiculous so that has been one issue why sellers are leaving and some are going to florida some are going to different states where its a little bit more flexible. And some sellers feel that way on the other hand theres some comfortable and maybe thinking about different space. They want a home office and outdoor space and its a mixed bag completely and a lot of buyers want to come here, live here, work here and they want to invest in new york city and theres a variety from studios to two bedrooms to families that are growing. We have different sorts of buyers and sellers in this environment. You answered both of my questions. Thank you very much. Thank you so much. Youre very welcome. Still ahead, betting on a travel turnaround. Marriott hilton getting an upgrade from barclays saying the business will surge in 2021. You can see airlines under pressure american looking to raise 3. 5 billion to stay afloat wl vellheetails yeah yyeah yeah hey, hey snhu lets you transfer up to 90 credits [announcer] if youve tried college but never finished, toward your bachelors degree. [woman] it doesnt matter how old you are, you can do it. You can finish. [announcer] finish your degree at snhu. Edu. Woi felt completely helpless. Hed online. My entire career and business were in jeopardy. I called reputation defender. Vo take control of your online reputation. Get your free reputation report card at reputationdefender. Com. Find out your online reputation today and let the experts help you repair it. Woman they were able to restore my good name. Vo visit reputationdefender. Com or call 18778668555. An extra 15 percent credit on car and motorcycle policies . Ok . Thats 15 percent on top of what geico could already save you. So what are you waiting for . Dj khaled to be your motivational coach . Yo devin remember to brush in a circle motion. Thank you. Dj. Khaled. Tiny circles, devin. Do another one. Another one. Is this good . Put in that work, devin. Dont give up. Geico. Save an extra 15 when you switch by october 7th. Save an extra 15 when you switch 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. Youll realize people are looking at this saying how much more debt should america take on the stock is down 7 today it is looking to raise 3. 5 billion looking to do it through four vehicles. 1. 5 billion in secured notes 750 million in convertibles. And then 500 million in a term long facility thats not the only one looking to raise capital right now and were going to continue over the next several weeks if no the next couple of months. What do we know on the where are we on the state of the airlines requiring and not just requesting patients to use them. Almost all of them having required it. Now having said that, if somebody is in flight and they take off their mask, theyre not going to be diverted somewhere and when they land, the airlines say, do you know what, were going to put that by your name that in the future maybe you can put it to somebody else. Interesting. Thank you very much shes following another group of travel stocks. Tyler thats right. Now according to sdr, and Michael Binger of gradient investors. What is interesting is while demand for hotels is improving were nowhere near the levels we were at prior to covid19. So is it too early to buy into these hotel operators. I dont think so youre really betting the economy will turn to normal and folks will start to travel again. I will agree on the premis if things arent beginning to normalize. Restaurant, retail, even traffic on the freeway we dont own Hilton Marriott and we will be valuing a hoteland resort Company Called Wyndham Destinations they serve Middle America and have 220 resorts globally and most importantly these are more resorts. We think that area will come back first they are truly it truly is a destination. 30 upside has the strong dividend yield and the ceo is recently buying stock himself in may. So we like the company the caveat being if the economy doesnt recover, vacations are cancelled. Consumers hunker down. Thats the risk right here. Thats an important risk to highlight. Taking a look at the stocks, which would you rather own really neither of them. That recovery isnt reflecting in the charge just yet i wouldnt say its not the tactical sell that they were a couple of weeks go head to our website or follow us on twitter for more analysis. Thank you very much well, the dow is shaking off an early 200 point loss rising about 100 points right now apple and walmart are among the stocks leading the index higher. We have the latest today well talk to the analyst that upgraded walmart as well plus were recognizing excellence in investing. Bill stromberg and well talk to him after this break usaa was made for right now. And right now, is a time for action. So, for a second time were giving members a credit on their auto insurance. Because its the right thing to do. Were also giving Payment Relief options to eligible members so they can take care of things like groceries before they worry about their insurance or credit card bills. Right now is the time to take care of what matters most. Like weve done together, so many times before. Discover all the ways were helping members at usaa. Com coronavirus 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. Welcome back the white house says that President Trump has not directed officials to slow down coronavirus testing. This reverses trumps statement at his rally in tulsa over the weekend that he had done just that during an interview today President Trump said that the United States had done quote too good of a job on testing and the head of the World Health Organization says that the politicizing of the pandemic made the situation worse as new cases around the world set a new record high. The greatest threat we face now is not the virus itself. Its the lack of Global Solidarity and Global Leadership we cannot defeat this pandemic with a divided world and nearly a fifth of small and medium sized businesses say that they risk shutting down permanently within three months because of covid19 lock downs this is according to a new study from the International Trade center about 2thirds of small and mid sized firms say they are strongly affected by the pandemic thats versus 43 for large companies. Thank you very much lets check on the markets right now. Dow is up 106 points this afternoon. So its trimmed its gains off the highs but about a 300 point reversal today half a percent from the s p and nasdaq is up nearly 1 so most of the big performers are in the nasdaq composite today and and its closing up for the day. Lets go to dominic for more. 40 and change. 40. 60 you can see there the continuing up trends are in place the highs of the day in just the last half hour or so you have west texas intermediate and wti prices 40. 60. 2 gains there world benchmark crude the figure for dollars per barrel and now the story is all about global Oil Producing countries, exercising discipline about not putting more oil on the market that optimism along with the gradual recovery of the World Economy amid covid19 has been the story but with more headlines now about a rise in cases and various places around the world, prices may have hit at near term stalling out point so well keep an eye on what happens with the covid headlines. Ill send things back over the you. Thank you very much morning star announced they have excellence and he is one of the rising stars. He is the president and ceo and joins us now in first on cnbc. And its been a customer of yours. And stewardship means you did a great job and it boils down to two basic things i think first and foremost we have done a really good job for investors. Secondly is we have given them a good Client Experience we do those two things really well over time well do well. One thing that you have done to put customers first and have their interests come even ahead of your own is you have been way up front in closiing funds when they get to a size that you deem too big to continue strong performance. How do you tell . Well, thats the hall mark of the company. It is always adjustment costs. Its either too big for getting in close and it is a dialogue between them and how they feel about managing the clients assets if they feel very, very good about it we ushually proceed. Its when they start to have caution. How are your how have your expenses change over the last say decade are they down . Are they lower and what kind of pressure has that put on you in the ceo role to keep revenue up and profit high. Its a balancing act. And its down and they tend to go down a little bit over the course of every couple of years but its not a panic situation its a manageable one for us were always looking for efficiencies where we can find them but then again were investing back in the things that drive sales back. When i think of the history of t. Rowe price i think of t. Rowe price himself and the fund company that he gave birth to as a fundamental Research Driven shop, number one. And an emphasis on growth. You believe theres an advantage of active management over passive management or you would have gone the other way. We do the vast majority of our business is active management. We have invested a lot and using a spirit of collaboration and helping each other around the world we have done a good job and over the longterm. The key element here though tyler is the longterm and making sure that we are placing investments today that are going to pay off five or ten careers. Where is the money going today. Where is it flowing from today the investments within our company are going quick. I think were investing a lot. We have a multiyear very substantive process whereby each of our products will have very strong awareness and all the elements and factors from that impact stock prices. And well be able to talk to our clients through that lenses as well well also action like many others, investing in data an lit ix and i think that this is a longterm project. Theres lots of little wins along the way but you have to keep investing and keep putting Research Dollars behind that to make it keep happening for the longterm. You mentioned esg and a part of esg is obviously socially responsible investing and diversity. I wonder what you do within what youre doing now within t. Rowe price to foster diversity and to build a pipeline that serves various parts of the work force. What are you doing well, this is a very unique time in history, tyler a very emotional time for the country. For the world and at t. Rowe price. We have a community of people that really care about each other. Helping all of us to understand their experience through their eyes and their ears. We can build on that as we have been doing through the last decade to continue to build resprenation across the country and to become one of the most Inclusive Companies we can possibly be as a global enterprise. From the city of baltimore, thank you very much. Congratulations. Thank you. Congrats as well. Coming up were watching a rebound. The dow is down this morning and Apples Worldwide Developers Conference is looking different en o year but theyre making pltyf announcements that youll need to know about. Well have those details next. While the future of work remains a question mark, one thing is certain reopening will be a journey. Thats why salesforce created work. Com to help at every step of the process, with tools like manual Contact Tracing to help prevent one from becoming three and three from becoming more. While displaying Key Information in one place on a Customer Relationship platform you trust. Because heres one more thing were sure of. Relationships are the heart of business. So lets tackle this together. Because the tempurbreeze transfers heat away from your body. So you feel cool. Night after night. During the tempurpedic summer of sleep, save 500 on all tempurbreeze mattresses. 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 like real bad. We cant wait to get you back so weve added temp checks, face coverings, social distancing and extra sanitizing to get the good times going again. Were finally back. And cant wait until you are too. We have breaking news for you. Apple holding the Worldwide Developers Conference Today virtually. Josh joins us with the latest. What can you tell us so tyler, some big hardware news that we want to get to and taking the stages now and it will be transitioning to apples own chips. That means moving from intels chips of course which apple is used for years to its own custom processo processors integrating hardware and software and apple has a world class chip and he actually spoke as well saying hes a whole next level of performance he said consume less power better graphics, stronger Machine Learning he said it would be better than ever before. In terms of what they thought about this, we have reports that this was coming. Youll see analysts cover apple like this move at least in theory you get it over the mac product and the mac lineup. It should mean improved performance and lineup and margins and and when i spoke to analysts it said listen not a big financial and by their estimates and their math is a single digit customer but it is a potential reputational hit after all of this. Its apple going right after intels bread and butter you can think theyll probably come out swinging and thats a true health and fitness device and analyst who estimate they have watches and that was just in the past 12 months and finally some updates to products to your home to apple tv that device, some upgrades to software they are featuring the picture feature that they call it. In other words you can be able to workout while also watching other videos at the same time. By the way, live doing that. So pretty interesting kelly. Now it kind of makes it i saw the screen shot. I couldnt figure out what was going on no, ill get that so you answered the question, this is a single digit hit for intel. I talked to a couple of the analysts for a question. For example, he covers intel and thats how he was. It would not be concerning and investors from investors. And its different from the iphone and the ipad and thats taking the skill set to the mac. In the lipton garden out there. Its beautiful the windows open love it man. Thank you very much. Lets go over to kelly. The apple of our eye. This might be the career highlight. Were talking about sending people to space, sending chicken to china and why square hit another new high all of that coming up in Market Movers flexshares may look simple on the outside. But inside every etf. There are untold hours of careful construction. Infinite what ifs . And contingency plans. Creating funds that help target gaps in client portfolios. Tap untapped potential. And strengthen confidence in you. Flexshares. Powered by over a century of investment expertise before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. 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. Welcome back as promised, lets get to the power movers Virgin Galactic signed a paper with nasa. Barclays raising the price target from 115 to 90. They expect people receiving ppp loans to be more resilient than feared square just under 105 we end with tyson foods. China refused to accept imports from the arkansas plant due to Coronavirus Infections among the workers there. Tyson says its confident the products are safe and shares are down 2. 5 . Shares of walmart up 19 for the march lows trailing the overall markets rebound. But up next, well hear from an analyst who says now is the time to big buy the big boy from bentonville. Dont forget you can always watch and listen to us live on the goon, the app, cnbc app well be right back. 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. 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. Welcome back it took less than a month for walmart to go from a 52 week low in march to an all time high in april. The stock is outperforming to day in terms of just the dow in general. Its up 1. 5 its benefited from a rise in sales both in store and online during the pandemic. My next guest says that walmarts ecommerce business is underappreciated saying the gains made during the virus are stickier than investors may think. Lets bring in our retail analyst. Its good to have you. Walmart really stalled out lately what do you think will reignite its growth thanks for having me, kelly i appreciate it. We think that the stock will accelerate from here as the businesses entering a new era and accelerated Earnings Growth driven by several factors including holding on to the customer thats it picked up over the course of the last few months b, making further gains in high margin areas like Third Party Sellers and general Merchandise Sales online and, c, rolling out automation that helps improve the cost efficiency of the business will all of these factors are going to usher in a new era of accelerated Earnings Growth t t that pushes the stock higher over the last month. When you say push the stock higher, were about 122 today where do you see it going . Our price target is 135. We think as the market recognizes that 2021 is going to be a very good year for walmart, thats going to be the key catalyst to get the stock higher how good for 2021 were talking about earnings again. Youre talking about a lot of the longer term Growth Drivers some raise the issue that maybe these new shoppers and the e commerce issues could make more customers more expensive for walmart even though theyre good in the long run. Well, our view is its been a lot of money already managing through the covid19 situation it will learn how to navigate this in a more cost efficient fashion. And its going to do so while it does hold on to some of these customers. At the same time, its put a lot of strategies in place over the last few years that are now coming to fruition and this is all coming together against the backdrop of a very uncertain environment. Walmart tends to do very well in uncertain environments even if were wrong about the acceleration and Earnings Growth, the defensive nature of this stock should allow it to outperform you also think that Online Grocery can become, you know, more common Shopping Behavior after the coronavirus. How common and how good is walmarts position in this space . Walmarts position in this space is very good grocery prior to this year was 3 to 4 of the category thats likely to scale well into the double digits over the next few years. Walmart has served this market through several different means. One chf of which is click and collect. You can drive to the Grocery Store and just be able to get your groceries delivered to your trunk. Thats a very convenient option that we think will continue to drive the Online Grocery business but, yet, its going to layer on top of that a much more cost efficient means to fulfill those orders and much more progress in the general merchandise categories like home and apparel. So the elephant in the room here is amazon how would you compare walmart strategy for the next few years to amazons . And has coronavirus helped walmarts position relative to amazons or no because its also helped amazon so much . Well, walmart had a lot of strength in the Online Grocery category prior to covid19 we think that accelerated. And where the strength lies is being able to use its stores as fulfillment mechanisms for the sales. Its also planting seeds in areas like delivering groceries that you purchase through the online channel all the way to your refrigerator. We think that walmarts very well positioned to benefit from online growth and online growth particularly in the grocery category from here final question. Maybe im just being greedy. The price target is only 13 above where the stock is right now. Why not more upside . Well, once we get to our price target, because of this accelerated Earnings Growth era, we think the stock is going to grow with earnings its very likely that walmart is going to generate high Single Digits Earnings Growth from here compared to the last few years where its earnings have been under pressure so once it gets to 135, its very likely that it can grow from there got it. Michael, thanks for joining us today. Appreciate it. Michael laser from ubs on walmart. I was listening to that conversation one thing that really interests me about walmart and what the job he has done there is that it proves the idea that to be big does not necessarily mean slow and slow footed. They have been quick and nimble in adapting across the system all of these Digital Enterprises and the pickup at the door of the store and as he said, you know, pick up the groceries, put them in your trunk thats hard to do across a system as vast as theirs its true and while its good for walmart, it does make you wonder about all the smaller businesses across this country. Its all the big players that have the technology, the resources, ty, to quickly adapt to coronavirus that were able to stay open in large parts a lot of the essential ones. Not the smaller players. How do they keep up . Big and quick just like lebron lets go back and look one more time at the apple Developers Conference here. Lets embarrass kelly one more time hey, this is for picture in picture making a comeback, im thrilled i love that feature. Dont you love that you can watch one thing and watch kelly and then watch the nba, whatever you want to watch. We have to go. Well see you tomorrow. Closing bell right now kelly, tyler, thank you welcome, everyone, to closing bell. Im sara eisen here with wilfred frost. Stocks starting higher 59 minutes left of trading lets see what is driving the action lingering worries over spikes in coronavirus cases around the world. That has the u. S. Seeing weakness in reopening stocks offset by gains and big cap tech stocks like apple, netflix, microsoft. Nasdaq trading above the record closing high the were on record closing watch. And new sales, new home sales in may plummeting
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