Into his own hands uber road blocks and queue the countdown clock. Jobs numbers are expected this morning. Estimates are all over the map it is august 7 this is Worldwide Exchange here on cnbc we made it to friday good morning, good afternoon, good evening from wherever you are watching happy jobs friday as well. Looking at futures they are indicated lower down about 130 points. You can see the fair value slightly positive. Anything can happen. It was another big day for stocks on thursday another record close for the nasdaq the 32nd closing high. The nasdaq closing above 11,000 the First Time Ever is now up 62 from the march low if you are some genius who timed it go to sizler, if you can. Gold look at that another nominal record high. In 1980, gold hit about 1,800 an ounce. With inflation, technically higher then. The First Time Since the win streak in may up from 2006 gold is higher around the world different story. We have more in a moment the european markets are trading down not a lot well give it a flat break luxembourg, switzerland and denmark are in the green this mornings breaking news, the white house taking action against tik to be and wechat big news overnight, President Trump signed two executive orders prohibiting u. S. Residents from doing any business with wechat or tiktok the executive orders say after 45 days, commerce secretary ross will identify transactions that will be subjected to the restriction. Bytedance is a private company, wechas is not. You can see the stock sinking there overnight. Affecting other Major Chinese stocks as well including alibaba and others the white house issued new recommendation on bans of Chinese Companies that do not comply with u. S. Regulations forcing them to delist unless u. S. Regulators get access to internal audits. Imposing a payroll tax holiday as lawmakers remain unable to reach an agreement the president expects to sign orders on eviction protection and student loan repayments. As far as the talks, the chief of staff say both sides are a considerable amount apart. It seems like the refrain of the week everybody is apart until they come together. Well get you some stocks to watch in a few minutes see you then the nasdaq unstoppable run hitting the 35th alltime high and 32nd record close of the year the next guest has stock ideas outside that you might want to consider are you allowed to recommend nontechnology stocks is that even a thing i got an extension. It is allowed. What have you got for us we are not a fan attic shop per se there is this developing idea of a vaccine late q4 or q1. Looking at Las Vegas Sands, companies that have reopened and highquality companies you look at a normalized year like 2019. Higher returns on Investment Capital and looking at price to cash flow and return on capital. So a company like Las Vegas Sands fits squarely on that category for the high teen return and 10times the cash flow looking out to 2021 where there is a bit more of a normal run rate of the revenues and cash flow. I kind of made a joke there josh about going to the sizler of course in new jersey, we cant go eat inside and you cant eat outside because it is either 100 degrees or a hurricane. You are recommending darden restaurants. Is this a pure recovery play it is also, prepandemic there could be a lot of rationon alleysation. Companies dike darden will survive this storm in 2021 and 22, Companies Like darden will benefit. Theyve held up well theyve maintained curb side and takeout. It will be interesting and your final pick is really interesting. Thinking about things you are not allowed to do. Going to a stadium for a sporting event sysco provides food and food service. Something we cant do. This is really out of the box thinking sysco with an s, building in Free Cash Flow building each year no one is going to a stadium very few are returning to universities and settings of that nature when things return to darden and Las Vegas Sands with the sector, a smaller play, they will look to see another day. That looks right and will continue to progress likethe names darden, Las Vegas Sands, sysco thank god not the faang stocks take care, when we come back when no profit is a good thing for one real estate stock. Your mystery chart, who is that . I have no idea a huge name in food delivery, not enough to whet the appetite. Well show you their massive losses more on the white house move to ban tiktok and wechat we are back after this. bling see, incident resolved. How did you. Gotta enjoy the small wins. You keep being you, derek. Keep being you. Puts its customers a wiin charge . Rier well, the good news gets shared. And it gets rated 1 for customer satisfaction. But dont just take our word for it. Take theirs. Its your wireless. Your rules. Only with xfinity mobile. Call, click or visit a store today. We like to keep our promises here on Worldwide Exchange. Earlier, i promised more picker. Well call it the mornings picker upper hide hailing, coupon cutting forgive the dad jokes. Picker upper. That is a Brian Sullivan original when is the last time you were in an uber a surge in their food delivery, not enough to counter act a 75 drop in global ride sharing driving shares down by 45 gross bookings, total value fell 35 year over year while active users fell 44 to 55 Million People are eating and getting takeout sales up 103 year on year and bringing in more revenue than ride sharing. Shares of uber down 3. 8 stocks of zil owe soaring. That Beat Estimates for the loss of 48 cents a share. Revenue also beat compared to groupon up 30 ahead of the open cost cutting allowed the company to create 70 million in Free Cash Flow and beat with a loss of 93 cents a share with sales of 396 million. Brian. 27. 5 gain for groupon . Yes more people are doing Online Shopping that company grew eight years ago. 20 off getting your nails done and you are getting your nails done these days . And im not i was in an uber five or six days ago short ride window down, mask on headed over to my buddies to not drive. See you in a bit. Still on deck, a crude check on oil as we head for one of our best weeks since june. Oil has been ticking up if you hadnt been paying attention what bp did that may be a big gift in the u. S. Oil industry. Dow futures are down 182 we are back after this the covid19 pandemic is creating Food Insecurity on a scale not seen in decades. An estimated 54 million americans will struggle with hunger. With 200 food banks and 60,000 meal programs, feeding america is the largest hungerrelief organization in the country. Join Morgan Stanley in supporting feeding america and your local Community Food bank. Welcome back watching crude slip a bit as hopes for a stimulus deal in d. C. Continue to fade. Oil is trying for the best fiveday gain since early july not a lot but not negative joining us now, research founder. Always puts out these fun notes, if you will. If we can call oil and energy fun. We had Interesting Times at the opec meetings. Hope well be able to do that again soon it looks like our friend, the new head of audi Arabia Energy minister has done what he set out to do which was to keep the price of oil stable. I know he wants it higher. Do you think hell get it there . As far as fundamentals are okay and looking for their attention and the relation between iraq and iran and cheating cheating within the contest get them all confused. That is clearly the main intention. Theyve addressed the issues theyve had huge impact to help them the biggest outbreak here is on the dollar bp did something not only they thought it wouldnt do but others would have. It cut its dividend in half. Do you think that will drive investors to other oil stocks and do you think there is a chance exxon might do the same you dont want to look at just that cut you want to do things at the same time. Theyll half volumes those will be cut by 40 nevertheless, it is a very big deal this is the new ceo taking bp into the Energy Transition aggressively well see more from the company in september it is absolutely unprecedented that the company would cut its dividend in half up 6 on the day of the announcement. It would be the Energy Transition that would make the stock go up from investors demanding this i argued that basically Share Holders asked bp and that our conclusion was bullish on oil and u. S. Companies thats because Production Cut in half and not necessarily going in the environmental direction here i know you called eog in the past, theapple of oil. Very Quiet Company ceo, ive been trying to interview the guy for like 10 years unsuccessfully do you still like eog . They were pulling through last night not making major announcements not like bp. Another minor with less huge strategy shifts where these Companies Announce growth is out. Ultimately we want to grow the dividend and the Free Cash Flow. Eog is saying a similar thing but in a quieter way and really continuing to perform well operationally. The price was terrible in q 2. One of the problems with the stock, brian is the potential for a biden presidency which seems very high. There are concerns that eog has very high amount of federal lands. This is all a bit of nonsense because biden has said he doesnt want new activity on federal lands. The gulf of mexico exposure and new mexico exposure, that have been affected. The market is worried about the biden presidency you make a great point. One word new. That new means eog may have more operational control over those areas. Great pleasure have a good weekend. Talk to you soon coming up your exclusive insider buying segment including one red hot maker of covid tests getting a big time insider buy and the ceo of a Health Care Company spending 3. 5 million of his own money the first in four years. Interesting names for you. The dow up 175 on a jobs friday. We are back after this look here, its your very own allinone Entertainment Experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Futures pointing to a lower open u. S. President trump banning transactions with tiktok and wechat in 45 days. Reading, writing and retail dealing with the realities of this years back to Virtual School this is Worldwide Exchange here on cnbc good morning. Hard to think about math on a friday happy jobs fry about half way through the 5 00 hour futures are in the red dow futures are down about 200 points another big day for stocks another record close for the nasdaq the 32nd record close of the year the seventh in a row lucky seven. Nasdaq above 11,000 for the First Time Ever. Now 62 off its march lows on pace for the rise and trillions more gold continues to stay above 2,000 on an inflation basis, gold was higher in 1980, briefly. Since nobody remembers that, i wont mention it gold is at 2,069 an ounce on track for the ninth positive week in a row. That is the first nineweek win streak since may 2006. Every friday, we show you the companys whose executives are dipping into their own cash, buying their own stock down from five to one. Naviet, ceo buying 360,000. Number four, quidel is an interesting buy because the stock isnt down it has doubled the Company Makes covid tests. Buying into extreme strength not weakness no doubt a stock to watch in the days and weeks ahead f5 networks. Number two, iqvia. Who is this . The former testing company, quinn tiles merged and renamed and the company with the most insider buying this week is e health the ceo spending 3. 6 million to buy 50,000 shares of this company. His first insider buy in four years. Reminder, we do this only on wex every friday your five biggest insider buys this week. Back to this mornings top news and developing story President Trump has signed two executive orders prohibiting american residents from doing any business with tiktok, wechat or the apps of parent Chinese Companies starting 45 days from now. The order says after 45 days, commerce secretary will, quote, identify the transactions, end quote that will be subjected to the condition. Bytedance is a private company, tencent owner of wechat is not eunice yoon is with us im curious what these transactions are i want to be clear, hes not badding tiktok hes banning transactions. Since the app is free, im not sure what is going on here i think you are not alone which is why the stock fell so much for tencent. The reason why it is meaningful is that a number of people will be discussing how this will affect business. The ban could be broadened out to affect other parts of tencents business for wechat, this is the goto chat app for businesses and a way to communicate with suppliers it has 1. 2 billion monthly active users very tough to get around American Companies end up communicating with suppliers through kooech and also making payments a lot of american businesses and americans use wechat here in china. Also a question of how this will affect apple and google because it is in their appstores mainly this follows. It does have international ambitions. Especially around gaming in july, they opened up a studio in l. A. Because they want to try to build up their gaming portfolio. I love getting that local view there the story here is a huge amount of attention not just cnbc. Is it getting any addition there, eunice . Absolutely. A ton of attention tiktok or bytedance, the owner of tiktok made a statement and said if they are not treated fairly that they will sue in u. S. Court the fact that this anger is something we see within the company and the Tech Community sparking a ton of nationalism. Talking privately saying it makes sense there would be this nationalism. There is a concern that it could get out of hand and that we could see a decoupling at a time when china doesnt have the technology yet to rely itself it could become an issue for china. If i was going to be on tiktok, it would have to be called overbytedance. Nobody wants to see that thats from when harry met sally. Eunice u eunice yoon, appreciate it another dad joke. People may be driving more, they are not sharing rides. At least, not as a few weeks ago the company posting a quarterly net loss of 1. 8 billion uber now lost 13. 3 billion in a year and a half. Not market cap, money loss ubers losses basically equal the market caps of Companies Like halliburton or international paper. Lets get more now from our guest. I tried to put that numberin context. This company has lost more where does it go from here brian, the reality is you had 26 banks float uber a year ago to repeat the companys messages which are that it has a Natural Health in the feud Delivery Business on the rise we have doubts about that because food delivery grew it still lost and with some other transactions for example take away taking over grub in the u. S. , it is about to become a more competitive market you either have people taking rides to restaurants or staying home and ordering take away. You dont seem to have both. Then there is the wider issues of regulation and the economy. And theyll be able to afford the purchase on rise or take away the stock is down 4 right now. They are just bleeding money and there is no indication that this is going to change. At some point, do you run out of operating cash flow . Indeed. Uber talks about gross cash but it actually is likely to slip into a net debt position as of the next quarter at the rate it is burning their adjusted loss would be the same next quarter as it was previously and theyll have to give incentives for people to get back into ride share everyone is uncomfortable venturing out and getting in an uber that has had other passengers in that day they cannot continue on with that cash burn down 26 i love uber. I took one the other day a lot of people arent taking them i took one mask on, window down Great Company in terms of what does for you whats the longterm future here. If people dont get back in cars for a year, is there a possibility the company goes out of business . That is one of the real longterm questions about this companys trop companys trojections. It provides huge operating leverage it is not clear theyll be able to deliver management will tell you how cooperative they are because they have to what youve seen them do in food delivery is to continue to retreat. They are clearly in areas of ride share where it is not profit use case where they are in rural and suburban areas. They are desperate on airport rides and others and we dont know when that will come back. The 7 across town is not going to cut it. They need the airport travel and others we can get an answer on a lot of these today. This is a big one. Ubers ceo dacoming up. There are questions just can you make it. Coming up, reading, writing and retail trying to figure out what back to School Looks Like ditis. Swer will have huge implay incaon the dow is up 175. We are back after this bling see, incident resolved. How did you. Gotta enjoy the small wins. Y