Weve seen the dow and triple gains. S p in positive territory too. Down 22 points, s p futures are off by four. Yesterday was a good day for the markets. You had the nasdaq wed been watching closely was a big outperformer gain of 293 points the first day out of the last four both the nasdaq and s p have been in positive territory. Those three days before that give you something to worry about . Futures had been higher. Down a lot but come off the highs in the session looking at the treasury market where the 10year stands right now. Just below 0. 7 . Oil prices which really fluctuated and sold off sharply. This morning are down again. Wti off 1. 5 andrew thanks, becky a couple big stories to talk about. The senate set to vote on that slimmed down relief bill today talks between the white house and House Democrats and a report that President Trump may step in with more executive actions to try and fill the gap if something doesnt get done joe . There are other places in the world too. We dont talk as much recently about the ecb and stuff. We are doing so much here, what more do we need to talk about. The ecb will hold a policy meeting today. An announcement expected at 7 45 eastern. No major change is expected. Some say there could be tweaks to the guidance. New staff projections of things. Well see whether we hea anything about inflation, which after that interview yesterday and everything that the fed has said in recent weeks, i dont know do you thinks it weird, we have to worry about inflation and deflation. Trying to figure that out not too hot, not too cold. If we are really worried about 5 perts or 10 , i dont know andrew, you love the worry that was red meetiat for you its either horrible hyper inflation. It is a double tail risk at this point, has anyone heard 5 or 10 inflation i would say the big question you know who you know who that would bring back in the market your favorite. The bond vigilantes. Yeah. I think the big question and the reason we might start paying more attention to the ecb and other places around the globe is what happens with inflation or deflation and what happens because so much will be a currency play, right it is the dollar had a little res pit and this morning we got oil down again. Oil has to have something to do. Do input costs matter at all or would this be a Currency Debasement story look at whats happening with food prices. Those have increased you have places can you see that just in the Grocery Store . Used to be hording. I got a lot of stuff left. Do you need anything no. Im good actually a bunch of frozen ground beef my freezer is packed with crap i dont want to eat it i can get fresh ground beef down the road it is only good about six months you better eat it thats crap im eating it. Ive got a couple of friends that will eat it even if it is seven months yeah, your dogs thats right. This morning, bytedance is talking with the u. S. Government about possible solutions that may allow it to retain ownership and satisfying regulators in china and the United States. Good luck with that. Saying that possibly includes handing over data control of tiktok data to a u. S. Tech company. Its unclear if the administration would be willing to go along with that. Like i said, good luck with that trying to satisfy both United States and chinese legislatures. The data of not just the customers and the algorithm that makes it so valuable if that gets handed over, if you dont hand it over, what are you really handing over to begin with there are so many questions that even the buyers and sellers dont know the answers to at this point do you want to can i are you going to be able to read this next thing whats that the manhattan the travales of new york city i have views about it. The number of empty apartment rentals in manhattan nearly tripled from last year as many new yorkers fled new york city prices have collapsed. A new report finding there are more than 15,000 empty rentals up from 5,600 a year ago the largest number ever reported since data has been reported im still on new york. Im still on new york city yes, these numbers are bad there is no way it spin them any other way. Two questions, post labor day, lets go out two or three months from now and what do those numbers look like. I think it will be a multiyear rebuild. I think, i hope people will want to return to the big city. Thats my take and im sticking to it. Maybe ill put my money where my mouth is and buy more real estate in the city because i think it is a good investment. Thats what i was going to ask. Too big to fail. Youve got the deal book let me say this im not selling anything in new york all right thats a statement i think you need to double down in a big way and deploy some of that dry powder. You are long new york. Lets go, man. Im long new york i often look at real estate websites as sort of a hobby or i dont know what im doing. The prices havent actually come down nearly as much as you think. I want to see what happens over the next six months to a year. Well see. I think the next six months are probably key from people ive spoken to say, prices havent come down but there havent been a lot of sales yet. Everybody is in this wait and see. It is a game of chicken right now. Would to hurt to put in a call to barbara. She comes on the show a lot and say, you seen anything unbelievable why would that hurt . You are looking through the zillow stuff my people know im in the market if there is an opportunity, they know where to call it is all good oh, my god. Those guys on bravo are watching for you . I bet they are ive got other people ive got other people. You are cool. Weve had those guys on too. Got the sister channel plug in top exec from a company that provides testing kits to thousands of new York City Public School students over the next couple of months. First check out this mornings biggest winners and losers lets see what happens will be a long session today not sure which way tech is headed you are watching squawk box on cnbc you can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save 400 a year on your wireless bill. Plus, get 400 off when you buy the new Samsung Galaxy note20 ultra 5g. A new partnership to test students providing thousands of testing kits to new york city students talking about how your test works. This is an athome kit but not the same as, say, a pregnancy kit you can do at home youll have the results back in 28 to 48 hours thats right. The test is what the cdc would refer to as the covid test referred to as increased level of specificity, which is important when fighting this pandemic it is not an antigen test or similar to a pregnancy test. Getting into it the differences and methods and a lot of the confusion in the marketplace you are correct, offering a couple of different modalities and we can mail a kit to someones home they can selfcollect and now it is a simple, shallow nasal swap. Then mail that back and we process it at one of our key locations and return results in 24 hours it is important to note we are doing that within 24 hours there has been a lot of press out there including labs not keeping up with demand and the turn around times. As long as we get an order that is complete and get the information we need. There are some with errors or misinformation, thats about 5 of the time. Every sample that hits our door will be returned within 24 hours. I dont know how you are doing that when you are mailing results back it seems like it would take a big slow down just to mail things you are right the clock starts when we receive the sample we are using the fedex oneday shipping the moment it hits our laboratory is 24 hours how we do that is no small feat. We are a testing lab founded by engineers. Not necessarily pfrp hds we have under approaches to mesh learni Machine Learning ai we have pivoted our resources early on and it has been an overhaul of the entire lab we are hiring hundreds of people we have 12 mobil Office Buildings in our parking lot we are running seven days a week, 24 hours a day, three shifts no small feat. But we believe turn around time is the most important. When that starts when you receive it and it is 24 to 48 hours when you receive it, you are talking 72 hours when someone gets the test back three days is not all that useful we agree with you we are steadfast to be 24 hours. 24 hours from delivery, which is 48 hours. 48 hours from when the test is administered. That is correct. We have two locations. One in houston and one outside of los angeles the local customers can courier samples over the same day. We are serving a lot of the locations in los angeles or in texas and houston. If you can doif that sample over, that cuts out the shipping we are trying to serve the United States, so we have to take into account fedex will be delivering samples to us that makes sense if you are in texas or los angeles nearby, you can have those results delivered, particularly talking about a School System but you won big contracts with new york city and miami dade, that seems like it will be pushing things what is the cost for these tests . We havent disclosed the cost of some of our transactions. The average selling price, it depends what we are doing. Athome testing, facility testing, providing a kit there are differences in our product but in the 65 to 100 range depending on what we are providing. This is the pcr, i dont want to get it confused with the antiagain testing there are all of these tests that look like 5 tests. You are in the 70 to 100 range. Are your tests any better . Especially with a threeday turn around thats a good question. Thank you for bringing it up when you look at asymptomatic or presymptomatic, they wouldnt even qualify for the antigen test that only serves a small portion of customers we are trying to serve. To qualify, you have to have symptoms between one and seven days thats a small sub set of people that need testing. We think about back to work and back to school the deal with new york city, which we are incredibly proud about. The New York Hospital services and the Mayors Office have been phenomenal the back to work and back to school all by the antigen test i think your test sounds much, much better. The idea that you can pick people up asymptomatic is fantastic. You could be testing everybody every day for 15 while you are waiting three days to hear back on yours a quick turn around time and yes, having a better test to pick things up but seems like it is part of a broader package if you are really trying to get the schools reopened andback in th work force, you need those responses within 24 hours, not 72 we agree. There is no magic bullet or one test that will solve our problem here there is no one lab or company here i think there is a roll or place for testing. You want to really limit your false positives and false negatives. You tell somebody they dont have it and early on and they do that can be significant spreader of the virus with wish it could be faster going along with an antigen test appreciate your time and explanation on this. We look forward to seeing how this goes as this really picks up thank you for your time andrew. Coming up, well introduce you to a nonprofit trying to end the race gap before we do that. Take a look at shares of kansas southern earn. Theyve rejected a 20 billion take over saying the bid undervalued the company. That stock off a little over 1 right now. Well return with more in a moment i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. 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. Hire pay and Better Benefits big draws for jobs blacks and latinos make up a tiny fraction. A report on a new nonprofit trying to change that. Working in tech wasnt on his radar in high school it was a new concept. Through allstar code, i was able to open my eyes to the power tech had allstar code aims to get black and latino young men interested in tech by teaching them Computer Science. I found it super empowering to take something from concept to a technically executed project. Showing blacks and latinos make up less than 15 of consumer and Technology Managers providing access and exposure and skills at the tech sector is important. The executive director of allstar code which went virtual this summer with 152 students. Mentoring is part of its mission. We need to be consumers and creators having some coding skills is like being dressed for success one of the few black ceos in the country, says this is like an on ramp for so many careers that can make you better as a lawyer or physician or medical researcher you name it, you can be better if youve taken some Computer Science if youve learned to code at 21, hes a Google Software engineer. It is not something companies should be like opting into because of a political trend a company should feel a sentence of responsibility to bridge the gap. Coding academies for girls were already well establishes when allstar code was established but she wanted to fill a void for young black men and fulfill her fathers legacy. Her father was the first black man to build a Million Dollar company in the u. S just hearing about coding makes me anxious here is my question, we have blacks and latinos become great coders, how do you get to the c suite . How do you help where there is not a enough reputation. Just becoming a coder is not going to get you there all about access. Julian did three internships at google before landing his job there. For startups, it takes access to capital. The founders of startups, only 1 are black that have the money that have helped them found their company. The key there is access to cap call and knowing who to get capital from and who to get sought out to be able to provide. It is a long haul. For jobs like a software developer, you are talking incomes that are Median Incomes of six figures, more than triple what the Median Income is for all occupations in the u. S it is bridging that wage and income gap and creating people who will be able to provide access to capital who want to do a startup. Coding can be done. It can be done it can be done. You were reading about it, my eyes go like that. It can be done and it is necessary to do it it might be like, if you start young, you might feel more comfortable with it. Maybe it is that. I will tell you, joe, some of our colleagues that do coding, they range in age. When you see what they are able to do around the stories you are able to put out and the discussions you are having youd be surprised coding goes around to make sure that really sin syncs on the website so it is my fault very good. We have a programming note, dont miss cnbcs inclusion and action forum today to examine how Business Leaders can take immediate and concrete actions and create sustainable positions featuring conversations with some of these folks here, from ibm and more join us today. Register at cnbc events. Com inclusion becky. Thank you, joe, when we come back, lagardes becoming leaders. Some stocks you might want to consider first, take a look at yesterdays s p 500 winners and losers 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. You know your kid doesnt step around puddles. And you know cheap leaky diapers are an amateur move. You need luvs prolevel protection. Luvs. Parent like a pro. This is the yes, a new way to shop thats completely tailored to you, with hundreds of your favorite fashion brands. Tell us what you love and what you dont. The more you yes and no, the more we get you. We will build a shoppable feed thats so you. No two feeds are alike. This is shopping made genius. Download the app and shop in a whole new way. Welcome back among the stories, shares of yum china dropped in the first day of trading the Company Raised 2. 2 million in secondary listing palantier a far cry from the funding rally five years ago they held a Virtual Event yesterday. And former National Security officer has been named to board of directors for amazon. Will bring National Security and Cyber Security to amazons 11person board. The tech giant remains locked in a battle with microsoft over the jedi contract. Looking at futures, positive day in the markets this morning, things have reversed you have watched futures higher. Triple gains for the nasdaq. The dow indicated down s p futures down 114 and s p down 51 points time for a check on what is working in the markets or what is not pointing out former laggards are leaders. Value and defensive stocks took the lead for more on all of that, Asset Management good morning to you. Lets talk about what is working in the market that druckenmiller says is a ragingmania. Lets start there. Do you agree whats going on here good morning, andrew. I think honestly, if you look beneath the surface since the march lows, it is a rational market those sectors are where people are spending money it is technology, Home Improvement, online retail, it is more rational with that said, looking to those thats what i think is happening. Ill ask you one more question, yes, the stocks of people who have moved their money in terms of the amazon and walmarts and valuations have gone through the roo