Continuing through the pandemic. Plus what will 125 million buy you . One of the priciest deals to close in l. A what pandemic . This is thursday, august 13, Worldwide Exchange on cnbc welcome and good evening from wherever in the world you may be watching. Good thursday morning. Thank you for joining us we are the Worldwide Exchange. The exchange is what People Exchange money for stocks. That apparently is going just fine, thank you very much. Stocks up again on wednesday the s p 500 now up eight of the last nine sessions and closing in on a record high. We are six points from a new record cloeing hising high. Futures may be too far futures are mildly lower we are not down by much. The nasdaq reporting the first fullday losing streak maybe trucks should replace tech dont look now but the transport index up 11 days in a row. That has not happened since october of 1992. When end of the road by boys to men was the number one song in america. You may wonder if this may be the end of the road for the rally. Often leading indicator and they have been on fire. Focusing on a number of stories out of washington including the stimulus talks or lack thereof more on that no sign of progress on capitol hill this morning. Treasury secretary and House Speaker spoke for the first time yesterday since negotiations fell apart last friday they did not get far last night, President Trump said a deal is, quote, not going to happen we cant give them the kind of ridiculous things they want that have nothing to do with the china virus. Nothing to do much of what they are asking for there for, they dont have the money do the universal mailin voting when we win the election, when i win the election, im going to forgive all the payroll taxes without hurting social security. That money will come from the general fund the money says executive orders against tiktok and wechat would be broader than just those apps he made a speech in prague but did not elaborate. The leaders of lyft and uber in california. Lyft shares fell on those comments following better than expected Quarterly Results and numbers saw ride hailing improvement in July Doordash faced with an injunction that would force it to see its workers as employees as well. Many of these drivers drive for both uber and lyft i assume if you are an employee of one, you have to choose one you are not going to be able to pick both. For a lot of people, this is quote unquote a side hustle and this is a way to get additional revenue. Right a lot on the depreciation of the cars uber and lyft may be going away in california. Thank you. We know health care and biotech has been two of the leaders of this market you often hear the same stocks being recommended over and over but not right now. Lets bring in chair of sustainable vesting at brown advising it is great to have you on Worldwide Exchange i love your picks. Great to be here good to see you. You have to find opportunity in any kind of environment. Those may be broadly owned Biorad Laboratories have expertise in identifying biomolecules we owned this previously and are certainly at the crosshairs. They have expertise in Chain Reaction pcr technology. Those are the kinds of tests we are able to understand antibodies you are not scared off of that stock there are legitimate pathways of growth and market some of these that we like to finderly in the market would be dismissed or maybe uncovered there is also a path way to closing the gap of valuations of some more valuable names another name largely unfamiliar with our audience and i mean myself. I never heard of west pharmaceutical services. Who are they, what do they do and why do you like them after all of this effort to develop a vaccine, we shouldnt then mess it up in terms of delivering it. Lets not contaminate it and deliver it in a proper way with a proper dosage. West pharmaceuticals, ticker wst, they provide the container particularly for injectables again, you are going to go with the leader and they have the capacity for the vaccine once in short order. That name that is familiar. Is this related at all to health care we are not familiar with . The way i think of opportunities some of these have tale winds you think of industries that have been undervesting it is places like construction, Building Management and structure. They have solutions to design more sustainable buildings and infrastructure anywhere from 8 to 30 of a construction project could be waist. That helps in reducing the cost on the bid that was able to grow through it even though it was a very tough time in Growth Market to win the bids that are out there. Another stock higher than it was pre lockdown up year to date. I love it. A couple of new names there. Have a wonderful day. Take care. When we come back. Shares of Cisco Systems are down sharply. Well tell you why later, can jcpenney be saved a busy hour still ahead. Dow futures down 34. We are back after this hike Simon Pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. He scores stanley cup champions touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. The drop in cisco. Frank is back with those cisco falling nearly 6 those Beat Estimates but the company is giving weaker than expected outlook for the fourth quarter. Seeing revenue falling between 9 to 11 cfo is retiring. Cost cutting have changed during the pandemic shares of vroom wider expecting a bigger than expected loss. Saying the drop in demand and uncertainty around vehicle pricing early on lead it to reduce inventory in the first half of the quarter. The ceo will be on 7 45 a. M. Earn time. Aspen technology soaring topping estimates prior to these results. The stock had been down about 19 this year. Back to you. Thank you very much. In global news, huawei is back in the cross air. Showing their supply chain with other technology more from china. Thank you there was a little provision tucked into the defense spending bill that will come into fruition two huawei related events. The expiration was a 90 day reprieve they dont have a whole lot of business in the u. S some of those smaller rural carriers do business with huawei well see if theyll continue to work once this license expires or if it is extended by the Trump Administration the other event we are watching is whether or not the provision tucked in is called 889. Whether or not that is going to come to fruition under that provision, the contractors that work with the u. S. Government are supposed to show that they have any surveillance gear. I was talking to one supplier today they havent created any technical 1257bd ard and say it is impossible that these would be able to police the supply chain you dont know whether some of these parts are going to be with other suppliers that are perhaps in the united states. You are looking at your stock market there really hasnt been that much of a dent china has seen money come in and dumped on the major china story. They are making decisions on policy especially these days president xi jinping has been forward looking. People are starting to buy into Chinese Companies or that they think is benefitting from other demand or push developing home grown sectors and to boost the stock market here that would include hong kong, shahong kongn shenzhen thank you, eunice still on deck, every parent and school asking, should american schools reopen. Should everybody go virtual . It is just too rkyis stay tuned welcome back and good morning. Getting a check on top headlines outside the world of business with Frances Rivera in new york. Good morning. Wildfires are ripping across the west coast mandatory evacuations have been ordered around lake houghs 100 homes have been evacuated. Zero percent contained overnight in oregon. Another plays burning in colorado the gloves are coming off in the race for 2020. Joe biden and Kamala Harris took aim at President Trump on their First Official appearance together also hosting the first grassroots fundraiser bringing in thousands a lifeline for college football. The big 12 announced it will play just a day earlier the big 10 and pac 12 sidelined the season. For some athletes, it is looking good your headlines today maybe well see a Little College football this fall thank you. Have a great day we are going to have more on the markets coming up. First check out this stat. Yesterday marked 100 trading days since the nasdaq 100 hit the covid closing low on march 20 it is up more than 50 which would rank the third strongest run. The only two stronger 100day rallies january of 1999 and march of 2,000 only to tell you what happened late 2000 and early 2001 we are down a little on the futures. We are back with more on Worldwide Exchange right after this i had saved up some money and then found the home of my dreams. But my home of my dreams needed some work sofi was the first lender that even offered a personal loan. I didnt even know that was an option. The personal loan let us renovate our Single Family house into a multiunit home. And i get to live in this Beautiful House with this beautiful kitchen and its all thanks to sofi. vo aaudi etron. Vo e in this the next frontier of electric. Get an exceptional offer at your local audi dealer. You say the customers maklets talk data. S. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g, everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad. Your wireless. Your rules. Only with Xfinity Mobile. Now thats simple, easy, awesome. Switch and save up to 400 a year on your wireless bill. Plus, get 400 off when you preorder the new Samsung Galaxy note20 ultra 5g. We are on record watch the s p 500 points to an alltime high and caps the incredible come back global oilout look for the rest of this year and 2021. Bringing broadway to you well show you how this thursday, august 13 on Worldwide Exchange on cnbc good morning and welcome. Good to see you on this thursday a quick check on your markets and money. Watch for the s p 500. We are just six points shy of a record high. Futures are lower now. Doesnt look like much of a follow through early and closing record high certainly would cap an incredible record setting come back of those march 20th lows. Markets throughout the day on cnbc lets get you caught up to speed on corporate stories chinese Online Platform brought back ke holdings set to raise 2. 1 billion the largest u. S. Ipo by a chinese company. Jcpenney landlords nearing a deal to buy the retailer the deal would save pennies from a possible liquidation disney world actors to return to work after tests they are not able to wear protective face coverings. Facebook will roll out the voti voti voti voting info mags senlter we want to make sure people get Accurate Information on polls and where to vote. It was important before but now even more important. Well be launching that later this week. For more from everything from big tech to Small Business go to cnbc. Comment ba cnbc. Comment back to you. Now the latest change Research States of play survey focusing on an issue many of us are dealing with working from home as kids go back to school or rather stay at home the important impact either way. More of what is arguably the conversation around covid which draws the most emotion and passion on either side thats right, brian you and i definitely both know it is really hard to work from home if your kids are also trying to learn from home. That is turning what is a political fight over removing schools into an economic debate as well. We surveyed voters and many parents said theyll have to take dramatic measures if schools stay shut. More than 36 said it would be higher to do their work, 17 would have to hire additional child care, some said theyd have to leave their jobs and 49 said their household would take a hit. Just one month of School Closures would result in 50 billion in loss. Why they agree getting kids back in school is important to the economy. The impasse is what needs to be in place to make that happen safely we are talking about safety of human beings. We know children have a much less likelihood of getting it. You and your family lived it you are talking safety no matter what argument, no matter how true it may be, the other side will say but none of that is worth the health risk. It is an impossible debate to have on many levels. Thats right. It is not just the children but the adults and the staff teaching those children. Yesterday President Trump sboek this saying money and funding for schools should follow the students saying schools that dont reopen physically should not get the funding. Teachers slammed the idea. Saying this is really an attempt to push a voucher, School Choice program. Not only are we having an education debate but deepseeded fundamental arguments about how education in this country should be run turning this into a difficult issue. Also bringing into question Virtual Learning for younger kids youve got the situation where the education gap, im not advocating either way, the gap and those with means to give a kid their own bedroom, their own highspeed internet and their own mac book different from a family with three or four kids, poor with slow wifi and mom and dad going to their service job have you heard anybody talk about the idea, maybe we write the year off and everybody start next year where they were supposed to start otherwise that gap is going to grow and you cant get it back ever you cant unlearn or unnnot unlearn . The idea for me as a mom, yes, we are in this boat together everyone is trying to figure out how to educate our kids being at home our School DistrictJust Announced that they are going to be opening up. The School District is going virtual, they are going to open learning centers there are certain schools aimed at areas with not as good Internet Connection and households that dont have a good connection. Theyll open up centers to have people go and receive those services and have someone oversee their learning isnt that called school . Right the problem is that it is only a few schools doing that a room with a room with children in it supervised by an adult who teaches them isnt that overseen by an adult who is overseeing their Online Learning how do they get there no bus service. Is there a way for teachers to teach in front of plexiglass . I know that sounds ridiculous. I know there are children who have gotten covid. Thats happening. Im not add oadvocating weve seen photos where teachers are kind of behind a plexiglass shield. I have friends who say forget the mask, im going straight up face shield because they think that is the best way to engage again, the question comes back to money it costs something to put that plexiglass shield there and who is going to pay for it can you consider if 8 of the work force has to quit their job . I know this, i get up at 3 00, sometimes 2 45 a. M. And i dont have the energy to help my kid learn. I say just take the year off thank you. It is a big discussion we could do a whole show on just that those figures coming as joe biden ramps up the push that he, not trump, should be the commander and chief. Making his debut with Kamala Harris meanwhile, capitol hill saying democrats and republicans are, quote, miles apart as millions of americans are waiting what happens now senior managing director, the head of u. S. Public policy and strategy research. Also searched as director with the former vp and director of Consumer Affairs we could do a whole show on education. If the election were tomorrow, what do you think would be the outcome . Saras audio there well have to flip that on. Ill ask you the same question based on polls and surveys, it looks like the democrats have a darn good chance of taking the white house. What kind of policy changes do you think would affect the cnbc audience i think you are right at the end of the day, it will be bidenharris we do not see a major impact whethers it trump or biden on a macro level. Weve seen what they are impacted by on the microlevel on different sectors on the economy that could be affected on a biden versus a Trump Administration sara, ill ask you that same question do you believe it will be a democratic sweep or that market could be underestimating a trump reelection i think if the election were today, it would be a democratic sweep. We have a long way to go i think this is going to be closer than people think right now. I think with the loss of the senior population and the Vice President announcement this week will give a lot of energy. In terms of the market, i dont know that theyve clearly priced in it may feel a little bit of relief the likelihood of the democratic policies, the white house or a sweep what are those main things that would push through to impact the cnbc audience . Mostly well look at what would impact the taxes and earnings they would have to take a close look at where the economy is when they take office. There are things like china that woul