Continuing to be all about tech. Surging since the best monthly performance since 2000 u. S. Equity futures, youll see at this point you are looking at some green arrows across the board. Nasdaq indicated up. Dow is up, so is the s p 500 well talk about zoom. It is those Technology Stocks leading the way. Looking here to date, they are up more than expected. Looking at the treasury market, it looks like the 10year is yielding around the same amount of 0. 726 . Zoom, huge news. Right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. Jumped over 300 year over year. Free cash flow up 2,000 year over year. New customer subscriptions delivered 81 of the Revenue Growth and less customer churn than expected. Kelly will join us to dig through the quarter at 8 30 eastern time stock up 80 right now how would you like to be in a business where your Free Cash Flow was up 2,000 it sounds like a kids lemonade stand. Thats what has happened to zoom it is incredibly it is insane. Yesterday wrks he said the big test was how it would prefer in this covid era it is accelerating new account adds the question is how much is this bringing forward demand for future years originally, it jumped 3 or 4 by 5 00 p. M. To 6 00 p. M we have that cfo interview at 8 30 it doesnt surprise me. It surprises me how strong they continue to grow you look at your own life, i dont think i ever used zoom until the beginning of march we use it every single day here. Im not just talking me, the kids everybody is using zoom or Something Like it. Google or something. Zoom has become the new vern 5 0 u allstar when i say im doing something, whether it is something else, i say im doing a zoom call. Theyve won on the naming rights theyve become a verb im going to xerox that or kleenex that i didnt mention the name you got to wait at least three minutes. We have a new betting partnership on Nbc Universal i tell you where im long. I said if we could own stocks, i would belong luxotica. We are all going to need glasses. Two of our kids already do. Spectacles or a monocle over the next few years a degree the zoom has become the verb and is the Market Leader i still dont get why it is better than web ex or teams and yet it is clearly the leader we dont know how well Microsoft Teams is doing i bet it is doing pretty well. I use every one of those you click on the one someone has decided to use and you are not loyal to the other my question is whether all of these different apps or services will talk to each other when you see the share price as it stands, you hope it will be the winner takes all if it doesnt the valuation may not add up will we get to the point where i missage has to talk to an android phone. I could imagine. Is your text green or blue . I dont know if it is a winner take all market i find i use different apps for different occasions. Zoom tends to be the friendlier one i use with friends or family i end up using Microsoft Teams and google for the kids school because they use that and teams, i tend to use for more corporate things to wolfs point, youll have to use what your Company Order you to use it Microsoft Teams part of your office sweet, thats what your company uses, youll use that. The big loser in all of this is skype owned by microsoft skype should have owned this market everyone has this device for a decade plus. If you know somebody around the world and you want to make inexpensive video calls skype is a name we have not discussed you wonder does microsoft get their bankers and start picking around zoom. I want to put a shout out for the tradition nam phone call it is wonderful to see you why do we always have to be on a video call i made just three or four phone calls. Whats your number . Tell me your personal cell phone number i got beckys number here in the conversation on zoom the cfo will join us later in the show mcdonalds facing a new lawsuit by black former franchise owners accusing the giant of denying them the same opportunities of white counterparts and say mcdonalds directed them to economically depressed areas where they were guaranteed failure. And claims averaging 4 million to 5 million per store. Mcdonalds stock down 3 premarket this morning. 8675309 jenny very good tesla shares surging after the five for one split took effect we all knew this was coming. Trading was heavier than normal on the session tesla shares changed hands 115. 6 million times. Well above the average of 73 million. The stock rose by about 12. 5 during yesterdays session todays move, stock is sitting at a position of annual gains more than 530 the market cap crossing 464 billion passing visa with that stock move, elon musk becomes the third richest person in the world at least on paper check that out jeff bezos, bill gates, elon musk then zuckerberg the crazy thing is, in terms of year to date, 80 now with this mornings 6. 5 gain or 79 since they announced the stock split on august 11 unbelievable the big difference is anyone critical has been proven wrong it rallied stronger yesterday. It will rally today. If you use google finance. That didnt incorporate the stock split. Some people on twitter getting worried that think thought tesla share prices collapsed some people having fun on twitter because of that. Worried that their recent investment collapsed not realizing that their stocks would take a hold. They should be watching cnbc. They use the app, which is free to download. Whenever you have a stock split. Whenever you have a split if you have a stock shorted, that is a problem if you put that in some special financing plan when you announce the split, it can throw things hey wire. So this guy was spending all day yesterday trying to redo deals im talking Share Companies trying to short it that might be if you are long. That wont call it Short Covering the redoing deals. It is an expensive stock to short believe it or not because nobody wants to get in front of a moving Freight Train right also shares of apple getting a boost on the day as well apple is pointing to gains this morning and pointed to above average sessions this morning. Apple up as well and has a little more time since late july up 30 the other just if i indication is the day it announced the stock split, it had great earnings as well impressive news to those stock splitters. Still to come, we expect news today from the Tiktok Parent Company and what we know in the latest chapter of who may or may not buy the u. S. Operations of that Company Looking at year to date gains of the best performers in the nasdaq 100 two companies in the top percent. Up about a percent in the futures. We are back in a couple minutes. This was an unexpected bill not covered by my health insurance. And this is the aflac duck who helped me cover it. Aflac. These are all the cab rides to my physical therapy. And aflac paid me directly to help. Aflac. What he said. And this unexpected bill is from. The twothousanddollar specialist. Thanks. Aflac. When youre sick or injured, aflac is there. We can help with Expenses Health insurance doesnt cover. Get to know us at aflac dot com. If i could, baby id how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with Xfinity Mobile. As amy first jober, is to care for derek. Everything i do is for him. When i moved to this apartment after six months, we need to connect with the world. I use the internet to keep him in the language, because thats the way to connect to my familys traditions. He has to know where he comes from. We need internet essentials. Theres no excuse to not get connected. Welcome back and good morning. The great news anchor ron burgundy quote, walmart just took it up a notch 12. 95 a month and gives you unlimited free delivery as long as you spend 35, one big difference two others, first, you can use the scan and go oop to check out in stores and customers get discounts of gasoline at super centers. Shares are moving lower this morning. Up about 1. 5 . Still they are taking it up. They want that delivery and that prime customer a lot of walmart customers in rural areas. They use gasoline. Maybe amazon buys exxon at some is point walmart has a Video Program too. What was the ron burgundy quote there . Kick it up a notch. That goes down as a famous quote . There are so many you could have used you killed a man with a trident. Thats the one i wanted if you could have worked that in my love lamp. There you go. On the latest bid to buy tiktok, learning that bytedance is working with exclusively as soon as today joining us now, general manager of we transfer and microsoft pioneer studios. Thank you for joining us the expectation is that the front runner here is Microsoft Partners with walmart. Does that make sense for you for microsoft . It makes a ton of sense it is not like microsoft hasnt taken a bite of that apple partnering with walmart makes a lot of sense for them to have a go at it are they going to pull out of all of the earnings. Will they be allowed to do that based on the terms of the sale i think microsoft will be able to leverage this substantially. Walmart as well. Theyve done deals with nokia, which was the heart of a nation, nokia. Theyve shown they could manage and lead big corporations like with linkedin. We are building around the unique model here. In terms of what microsoft and walmart will be able to do around this. Initially, we thought it would be facebook. Is it now amazon if this partnership takes hold i would argue facebook, google, a lot of the Media Companies, i would include disney and netflix at some point have a lot to fear we are dealing with a fundamentally new model of media creation it will put pressure on amazon what they have the potential to gain is this huge new set of real estate. They are a foot trafficker so having this view is very, very interesting. Given the potential avenues to go down, is 20 million or 30 million, if they are crowned jewels, if theyll be used in all sorts of other areas should they be looking at a hire price . Should they be willing to write that off as a whole, if necessary . This is interesting im starting to reason that 20 billion or 30 billion is a reasonable price we are dealing with an unperfect model right now. Both governments on both sides have stepped in to the fair market i dont see that price being established here that goes both sides of the ocean. The pricing here will be an interesting pickle finally, what do you make of the fact that it is not just the u. S. But canada and new zealand . Does that country lineup make sense . Is that easy to carve those four out . To carve out English Speaking countries. They are looking at similar purchasing behavior and spend habits and spend levels. This makes sense, when you think about the Media Production and content on tiktok. Language and culture plays an Important Role those types of countries can fit closer together than just trying to bundle, say, the rest of the world. Feeling left out. Not sure why the uk is not in there. Thaurch f thank you for joining us a roundup of todays biggest pandemic stories from opening businesses and vaccine updates and an update of bankruptcy proceedings for jcpenneys. An Attorney Says talks to find a buyer have hit a stalemate yesterday, lawyers said the top bidder will make a credit bid to try to own the company as a stand alone entity well be back with more on that story too. The ambiguity. The moment calls for more. And Northern Trust delivers more. With specialized expertise. Proven strategies rooted in data and analytics. And insights borne from over 130 years of successfully navigating economic turbulence. Giving you clarity. Inspiring confidence. And helping you uncover new paths forward. Northern trust. Wealth management. Northern trust. Tmobiles new offer on iphone 11 pro is even better on our most powerful signal. Switch and get two new lines of unlimited for only 90 and 2 iphone 11 pros on us. Only at tmobile. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com welcome back good morning time for your executive edge astrazeneca in the final stage of its trial of corona vaccine. Partenering and could reveal preliminary results as early as next month it is not for us to root for companies to win or lose as a human nature, as a culture around the world, we are all rooting for every come working on some kind of vaccine or treatment. I think thats a fair thing to say. Absolutely. Go well take it. We are working hard on this. New jersey Movie Theaters will be permitted to reopen on friday theyll have to require masks and have social distance guidelines capacity is capped at 25 . It is not likely many theaters will be ready to reopen on friday the state was one of four that had not reopened to the public with california, new york and North Carolina new jersey gyms can reopen today. Masks have to be sworn at all times. Many gyms are putting in reservation system gym equipment that cannot be spaced six feet apart cannot be used so guys, so friday, we are going to go to the gym shower up and then hit the movies to see tenant are you in im very close to going to the Movie Theaters to see tenant im not going to the gym with you and im definitely not showering with you im not which im more offended by. They both apply for me as well the Movie Theater potentially. I didnt say we should shower together i said we should go to the gym and work out a bit come on, its 6 30 in the morning. Monday morning or tuesday. Is monday labor day . Monday is a holiday, labor day. Ive lost all track of time and space. Coming up, do you hate Airline Change Fees especially these days delta and american will follow unites big move to do anything and everything to get you back on a plane we look at yesterdays s p 500 winners and losers Alexion Pharma a big winner and phillips on the list of losers well be back after this as business moves forward, were all changing the way things get done. Like how we redefine collaboration. How we come up with new ways to serve our customers. And deliver our products. But no matter how things change, one thing never will. You can rely on the people and the network of at t. To help keep your business connected. A lot goes through your mind. With fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. Thats the clarity you get with fidelity wealth management. Good morning so far, so good. U. S. Equity futures are in green across the board dow futures are up s p up and nasdaq up 128 points. A look at the stories this morning. American airlines and delta remove change fees following the move by united a day earlier american went further to remove change fees on International Flights from canada, mexico and caribbean. And amazon to test a fleet of drones parka package deliveries probably wont become usual until they are approved by the faa. National Hockey League continued fifth straight week of play with no no, positive covid tests. The league administers tests of all the players, of samples collected last week, none testing positive talking stocks now and your money. If you are long and strong, congratulations, we are coming off one of the best summers ever dow and s p wrapping up the best august in nearly 30 years. Nasdaq had its best august since 2000 including tesla, Royal Caribbean, salesforce and mgm. September has not been kind to investors. Historically the worst month for investors. Joining us, our guests this morning. Victoria, lets begin with us. Not only coming off the red hot summer, we have this little thing called an election coming up a lot of talk about the biggest risks, not being covid, not being lockdowns or trade deals its the potential for contested election what is the big deal you see for the rest of the year we had been looking for the target around 3,400, 3,500 mark already. We anticipate because of these things youve mentioned. Because of covid, states reopening and states spike, the election and trade issues. All of that will cause volatility and pull backs that will allow you to go into the market and buy names i dont think it will drive the market much in a regular election year. I actually think well see covid drive the markets more news on the vaccine, regardless of which administration comes to power, youll see that positive Movement Related to the vaccine or positive news when we are sitting in a situation like this with covid19 it will be hard for a Biden Administration to come in and raise taxes. For us, to use those opportunities to buy more staple names and build the foundation do you think the gains for the year will have been priced in or that we all expect the vaccine to come out or well naturally come at this throughout the year. That the gains might still be to come because there will be a post pandemic euphoria if you will. You are right well get through the paindemic and survive the election we are still concerned about the valuations of the market how far weve come, how fast weve come the s p is trading 21. 5 times all record earnings. We can talk forecasts. We do believe for 2021, about 165, equivalent is in reach. But a lot needs to go right. That includes an election that does not turn out to bring at least immediate policy changes we are concerned about the prospects of a democratic sweep that would bring higher Corporate