Andrew is out, so i have to find a way to annoy you what you asked for. Your birthday is tomorrow, right . Tomorrow, not today tomorrow. Its friday. Everybody deserves to be embarrassed. Well do it anyway this is the last day youll be 19 23. Exactly. Anyway, lets check out the futures this morning as joe mentioned, youll see the dow down slightly by about 26 points s p down by four s p off by eight getting ready to wrap up another week the dow up by 2. 5 over the last four days. S p is higher. On track for a Third Straight positive week. A little different story for the nasdaq tech has been on an incredible run. Many of those names have pulled back not by a lot nasdaq down by 1. 4 this week. If you are watching it, the index is up nearly 17 for the year thats about 58 above the march 23 low and above the march intradate high we hit on monday. We are continuing to watch that. The 10year is the one we watch so closely it looks like the 10year is sitting at the 0. 604 . The bottom level of that range weve been watching where it has been sitting at forever. Alltime low for mortgages. Is it bad luck to wish someone happy birthday the day before i dont think so. Im not really superstitious, so i think everybody out in twitter land, since it is used for such negative things, twitter. I think it should be used in a positive way i might do it tomorrow not everyone can do it tomorrow. Everybody else can do it today or tomorrow. Out of sight, out of mind i heard that song you played. It didnt affect me today. I have to find out a new way to annoy you what happened . It used to be the thing for you. I need one of those programs that comes up and reminds me when it is someones birthday so i look really considerate. This was twitter sphere that tipped you off to this it was. I need one of those programs and ill put everybodys in there and never miss anyone before welcome to 1999 our top corporate story this morning is netflix shares are under pressure. Adding significantly below the subscribers analysts were expecting. It is all about subscriber growth i guess last quarter, it was 16 million. Not covid editions but because of everybody being locked in, it was a huge quarter they had only guided to 7. 5 million editions the one just ended was 10. They had forecast only 7. 5 so 33 above but some thought it was down from 16 it is never enough for people. I dont know why people are surprised by this. You pull so many subscribers forward, you anticipate this will slow down i dont know that it changes the longterm for the country. Including the coceo, he was previously the chief content officer where they are just head and shoulders above other places here is what they said on the conference call. Weve worked together over 20 years. Hes been an unbelievable role model. Weve navigated some of the toughest decisions from mailing dvds and streaming around the world. To continue this successful train weve been on to continue around the world ted has big plans with future series and animation we got lots of places to put them on we are definitely focused on creating franchises the shares had done pretty well. You can see down it is great to have such an unbelievable amount of content that big aussie guy, liam or chris. You dont know the difference i dont know which name is which. Big guy. Dark or blond dark hair big guy. Similar body to mine are you going to get a cake . Can i send a cake tomorrow sure. No surprise if you are sitting there waiting. You going to pop out of the cake with your hemsworth body well continue to follow that cyber attack too revealing hackers targeted 130 accounts including a number of highprofile figures and companies. They will continue to assess whether they were able to access those accounts because they were such highprofile accounts. Every blue check mark was shut down i started thinking about it saying we really needed to monitor closely. There areemployees that potentially have access to really important peoples twitter accounts was this just an accident waiting to happen. As twitter has gained more and more influence youve got President Trump who uses it in his words because he thinks Mainstream Media doesnt cover him. And the dahli lama he does i follow him if you are just some guy on twitter that could put something in there the idea that there are twitter employees, that is not something any of us had really contemplated before. Have you ever left without closing down your stuff. Ive done that and i forgot, my god if mack gets on my twitter account. We used to do this. I used yours or davids to top line one of your bosses to say i hate your tie because you had walked away. Think about now the damage you could end someones career with a single tweet. Im going to log outright now, mack in case i have to go to the bathroom which will probably happen in three hours. The cruise lines under pressure again. The cdc to ban cruises the order set to expire next week i wonder if they were booked my guess is no because earlier this week, i got a call from carnival saying i had won a free cruise. I dont know how but im the lucky one. I cant imagine im the only one who got a phone call the second prize is two free cruises. I dont think it is time yet to stick your toe back in the water yet for cruises. I dont know airplanes, theyve convinced me. They say the air is cleaner. It has been recirculated around. I never felt that way on airplanes. Pre covid. Recirculated air never i think the bigger problem we have, you are still in a tube with a bunch of people and it depends if they are safely wearing mask weve all heard the story of push back or customers who choose to put it over their eyes or throat instead. That would be a concern if you are sitting in e. To somebody then on acrues shi cruise ship you have to wonder how they are going to get to you the port you are supposed to be at in time. We have Quarterly Results dr. Fauci pleading with young people saying that they are propagating the pandemic well talk to dr. Scott gottlieb next as we head to break and look at this mornings biggest dow movers flexshares may look like other etfs. But inside. Theres advanced research, modeling and refinement. Constructing funds that dont simply follow an index. But explore new terrain. Helping you fill portfolio gaps. Connect to client goals. 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. Welcome back the futures right now are mostly flat 23 points on the dow the nasdaq is now negative down about 4 points making headlines, tiktok has removed 29,000 coronarelated videos in Europe Social media platforms are trying to fight the spread in this case of misinformation. Speaking of social media, the nations top Infectious Disease expert talked to the head of facebook with a plead for young people to stop the spread of the virus. I would urge and almost plead with the younger people. I know if they really understood this, they would take it seriously. You have to have responsibility for yourself but also a Society Responsibility that your getting infected is not just you in a vacuum you are prep gating a pandemic when i see pictures of people at bars, i understand that. I was there at one point in my life or see people in crowds you say, they are not doing anything particularly harmful but they might be. Zuckerberg is making his own headlines criticizing the Trump Administration for handling saying the resurgence of the virus this month could have been avoided. Joining us now dr. Scott gottlieb, cnbc contributor, serves on the board of illumina and pfizer i was discussing this last night with my family the United States is almost like how many european countries. It started here kind of on the east coast and we dealt with it and we are ahead of texas and arizona, i guess, youve said there may be hope in that regard that maybe texas, the curve will eventually flatten and well get this under control or did they already blow it . It is a second wave well probably not have a third wave we are taking a lot of this into the fall once we hit flu season, that will head up unlikely therates will hit a low again like we did see in new york it will run its course in states like texas, florida, alabama, georgia, mississippi looks hot right now. The states are not taking a lot of policy action just withdrawing activities and staying at home more you are seeing that in google andres everybodiations at rauns. We have a few more weeks of continued spread the states are starting to show new cases. Not necessarily because the pandemic is ebbing but because we are reaching the capacity on tests. It will look like cases are starting to level off. We should look at hospitalizations we are almost back through where we were in the peak of new york pandemic the numbers will be back to that this weekend the difference is that we can preserve life better more are younger people, so they are not as sick. Two weeks ago when we talked to you and in fact, dr. Fauci talked about it not being the best metric, that is death two weeks ago, we thought people were using that as a positive data point you thought that would deteriorate as well. I looked at a website today. Death toll set records is that true just in terms of total deaths we are siege or is that just a false headline the deaths were 977, well cross 1,000 which is a level we have seen since may. Well probably not get back to those levels well start hospitalizing a lot more people because this will increase over the next few weeks. Well see deaths go up the people looking at crude number of death saying the death rate was going down, maybe that was true the death rate was going down but once you infect and hospitalize twice as many people, the total number of deaths will increase youll see the deaths go up. The lag is about 21 days you started to see deaths go up in the United States, 21 days after you started to see the infections go up that headline is 1,000 versus 2,600. That just seems irreresponsible. I didnt see that but it seems wrong. Typical what about the headlines from frazier at merck his company is working on a vaccine along with others. Do you feel companies have either been too optimistic or released data too soon have we been miss lead about the potential for an effective vaccine in the time i read it and i was like, wow, thats depressing. Look. Im on the board and companies will put that out when they have it putting out the data when available and publicing it is very important i think there is reason to be optimistic you can use that to generate immunity against the virus and likely to have a they are pew tick effect i think the most challenging is just getting to manning and putting it in viles and distributing it i think that time frame is early 2021 we talked about this a couple of days ago but the controversy is still kicking around. The cdc no longer being the ones they are sending data to i know you talked about how youd rather see the cdc collecting that but that information is no longer available to the public. Any new information doesnt seem to be available at this point. Is that a concern and when do you think well see that data . The data has gone up. The cdc made the decision to pull that data off the website after that responsibility was taken away from the agency they are implying that moment was peak by the agency to do that i think youll see an effort from hhs they made a decision recognizing that data systems in cdc were old and it is true they were. They werent able to keep up with the collection to recreate the systems inside i would have tried fix what was inside cdc rather than recreated. They made a decision to do that. They are sure that information now flows publicly you are right. It is no longer being collected by cdc they are involved in analyzing and distributing it. They are not taking the charge in running the data bases. The only Public Information out there is through july 14 the cdc chose to put down that dashboard and put it back up hss is the only place that has ha new information to me, that is concerning the idea that we dont see Realtime Data on this i think they are playing catch up and youll see it reposted again i think they recognize theyll put that Information AvailableJohns Hopkins says they dont need this data do you go along with the numbers and think that is a good substitute we should be using . And the covid tracking project. If you want to look at hospitalizations, thats a reliable source. It will be hard for the government to do anything to sub press this information a lot of hospitals and states are independently reporting to other venues so the cdc wasnt the goto site for this anyway. It is important for the government to provide transparency i think they will based on what im hearing. Okay. Scott, thank you always good to see you well talk to you early next week have a great weekend by the way, black rock results just crossing the tape it looks better than expected. 7. 85 versus 6. 99 the street had been expecting revenue better than expected 3. 6 billion versus 3. 55 billion. They do say the numbers were better than expected because higher nonoperating income, lower tax rate and diluted share count deciding to sell ownership. Blackrock brought back shares because of that. We also track assets over management 7. 3 trillion in assets under management up from 6. 84 trillion a year ago and ahead of income in the Second Quarter well speak to larry fink, the ceo of blackrock coming up turning unused concert tshirts into potentially lifesaving mas. Sk well have that feelgood story just after this. Sflush s so they can keep more cash in your pockets for when it matters most find out more at usaa. Com for when it matters most our Retirement Plan with voya gives us confidence. Yeah, they help us with achievable steps along the way. So we can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Oooh, well. Im good at my condo. Oh. I love her condo. Nana throws the best parties. Well planned, well invested, well protected. Voya. Be confident to and through retirement. I see a new kitchen with a grill and ask, why not . I really need to start adding less to cart and more to savings. Sitting on this couch so long made me want to make some changes. Starting with this couch. Yeah, i need a house with a different view. And this is the bank that will help you do it all. Because at u. S. Bank, our people are dedicated to turning your new inspiration into your next pursuit. Finding a use for unused tshirts mussic 4 masks the founder of the grateful dead has battled much to get on the stage but the coronavirus is one of the biggest obstacle yet. I have spent my entire life lighting people up from my place on stage and i cant do that now. He knows the virus has to get under control. Hes joined others to repurpose unused concert tshirts for masks. When the lights went out, many were stranded. We have thousands of shirts printed with tour dates that arent going to happen making 100 recycled shirts and using what could potentially become landful and repurposing them others donating shirts. For the basist, it is a mart of doing the right thing. There are so many more people than the six of us on stage. It is a big chunk. Wearing a mask is crucial to get back to a place where crowds can enjoy music again. This is the plea for folks to come together and make it possible for me to get back out and light you up already expected to ramp up to others where there is concern around the country from ppe. You can get 4 to 6 masks out of each if you want to help out. Go to everywhere u. S. pages u. S. For masks. There is information there for you to turn old tshirts to masks. Im trying to figure out how that would work. I hope you appreciate your job the ability to get to joe weibo weir if you put some wire rimmed glasses on him, he turns into jerry. The combination of the two of them we dont want them to turn into each other the amazing thing, joe, hes still lighting it up hes in maybe the best shape of his life becky pulling an elon musk there. When you said lighting it up. I was like what . I meant from the stage. Got it. I appreciate it this thing hes doing. You know, it seems like a really good thing they are going to donate the next round of masks that will go to tier one schools. Bob is not that optimistic about getting back out on the road he thought maybe the end of the year now hes thinking maybe a spring but even that is not a sure thing, he said ive actually gotten to ask my question of bobby through you. About why he misquotes the lyrics and he says f off you remember, there is one word he uses. I dont know whether he forgot you got a hang up on that that they changed the word they are consistent. They did change the words to bobby mcgee. You are right. Now we play for live instead of now we play for they changed that too they were playing for clive davis. They changed that word if youve been on stage 50 years. I think bob may have played more concerts than any human being, you dont have to answer questions to joe kernen. If you told him that, would you apologize for me, please my one chance. If we could do this show afternoon which is more when bob wakes up, hed come on in a heartbeat. You got to get him to come up one day. Get up early i dont think that would happen i leave a message at 6 00 or 7 00 in the morning. Hell call me back and on musicians time, joe. That is different from us. He could still be up at 6 00 a. M. East coast time you know the old saying, it is too late to go to bed early thanks, steve that is pretty cool. Analysts coming up top of the hour, dont miss blackrocks celao rry fink stay tuned well be right back. Youre first. First to respond. First to put others lives before your own. And in an emergency, you need a network that puts you first. That connects you to technology to each other and to other agencies. Built with and for first responders. Firstnet. The only officially authorized Wireless Network for first responders. Because putting you first is our job. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Netflix shares dropping sharply after the Current Subscriber forecast fills estimates. Shares up 50 . This morning, youll see a big drop last i looked, down 6. 9 joining us now, michael nathanson. It is great to have you here, michael. Thanks, becky good morning good morning. What do you think of netflix numbers . I cant say i thought it was