Season and a look at insider buying with execs buying their own stocks with big names seeing insider buys this is Worldwide Exchange on cnbc good morning, good afternoon, good evening welcome to wherever in the world you may be watching here are the markets and how the monies are setting up their friday across the board in the green they are up more on the dow. Now we are seeing the nasdaq futures make a huge move really for investors coming into the day and a week to forget losing all it gained on wednesday. On pace for its worst week since march 20 three stocks rose yesterday. Tesla, moderna and align technologies a little context always is key nasdaq still up 22 year to date going worldwide now, stocks in asia wrapping up the note after the selloff in wall street the european markets, they are mixed. France and germany down. The uk higher. All averages are up as investors monitor pretty tense negotiations over brexit moments ago, the uk in japan agreeing to a trade deal the first deal between the uk and another nation since brexit. The latest on the push for tiktok u. S. Assets President Trump ramping up pressure to lock in the deal frank with more on that and other top headlines on a friday. Good morning to you the president says the deadline for bytedance to unload assets will not be extended the president making those comments yesterday adding urgency to negotiations. They have until september 20 deadline to sell or have it banned in the u. S. By the Trump Administration boeing is in talks with the faa over new issues over the 787 dream liner. The company is examining issues with the vertical tail fin on the jets that could impact 680 parts on the planes and over issues disclosed and Jp Morgan Chase saying it is time to wrap up working from home in london and new york this week with a plan to return to the office september 21 some exceptions will be made for employees deemed high risk or those with needs for child care and those homeschooling. I think a lot of those with the exceptions, a lot of my friends being told the same thing. Get back to work that could be good news for business jp morgan is going back to the office let us get back to the markets falling for the fourth time in sessions on thursday the nasdaq now down 7 on september. Watching the megatech names, apple, microsoft, amazon, et cetera break their lows from tuesday. But even if they do, it may not be the end of the world or the end of the markets matt, always great to get your in cider views which have been spot on so much lately do you expect more weakness for Big Technology ahead i do think we will see it like you mentioned, i dont think it will be the biggest thing in the world a lot of people are looking at this 50day average on the s p 500. Looking at those tech stocks they are the ones that took the market up and will bring the market down. Facebook held the lows if we break below those, it will cause some further problems. These stocks had unbelievable runs on two names, Apple Computer, it could fall another 25 another 25 from where it is right now. Not from the top and still be above february highs that everybody was talking about. Nvidia could fall 35 and be above highs. They have moved up weve heard about the situation with robin hood trader in the Options Market some of that needs to be worked off and it is normal and healthy. The problem with the market is such a big rally that the pull back is set at this time. It feels like thats the way the market goes that will get the fast moves on the other side as well the one thing we have to worry about is the overvalued basis and valuations are a horrible timing tool. They do create a higher risk we got so frothy or so many Different Levels not just Technical Levels but also valuation levels where we need to come back down and get more common sense. The most important thing to know is stocks like microsoft, apple, nvidia, they are all great companies. They get so far ahead, they can introduce these serious inductions thats where we see it more. They will see more of it before it becomes a great buying opportunity. Futures are in the green right now. Weve pointed out that nasdaq futures which are always about a third of the dow in terms of the number are now often they are not higher than the dow but they are close making these out sized moves, does that make more about the dow on about the nasdaq. It probably says more about the nasdaq but it has something to do about the split in Apple Computer if it hadnt split, the dow would be much hire it is more of a technical factor than anything else still, it is a major part of whats going on in the marketplace keeping those valuations the same. When do you think it will move the markets up. We are already seeing options activity in late october, early november a lot of options appear to be pricing in volatility. We can focus so much on covid and the stimulus what does the election come in to market focus a lot of times, the market has done better under democratic president s than republicans. Biden will probably raise taxes. That is not good for the market 245 played a big role in this decline. We are getting to the politics when the skinny deal got pushed aside. In a weird way, i hope the stock market does go down. That will force washington, d. C. Before they get off and get something done people going 600 a week to zero is not helping the economy. That focus will be on the stimulus or the lack thereof a pleasure have a good weekend. Thank you. When we come back all of you, keep on pedaling you may be on a peloton right now. Shares of that stock are soaring. Getting back to business one ceo of a barber shop chain and challenges of reopening. And the Senate Discusses the stimulus plan and whether or not there will be a deal or maybe more blame passed around dow futures up 152 we are back after this give you my world 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. 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 and good morning. Working up a sweat and stocking up on treats for mans best friend posting the first ever quarterly profit as revenue tripled in the surge of demand subscriptions for remote classes reached 1. 1 million. Also increasing production to improve wait times for equipment but does not expect to return to normal delivery times for a few months shares are up more than 200 this year. Peloton ceo john foley will be on squawk box at 7 45 eastern time turning to oracle, those shares are up almost 3 remote work grows demand for Cloud Services they will rent server space to customers. They expect revenue to come in ahead of analyst estimates chewy reporting lower loss and higher sales adding more customers in the first half of the year amid the pandemic than in all of 2019 reorder rates remain stable and shares are down in the premarket everybody got a dog, frank. That was one of the things. It it was like get a dog, have something to do chewy was benefitting. If you have a dog, by the way, buy dog food because a dog likes to eat still on deck, a new warning from microsoft about a threat to the election with just weeks to go before we start to cast our ballots. Announcer todays big number, 76. 8 million thats how many workouts peloton members completed in the first quarter. Up 300 from the same period last year. So youre a small business, or a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Welcome or welcome back. We continue to focus on businesses big and small one industry that got crushed during lockdowns, barber shops and hair salons. Here is hoping well go back to our normal habits. Joining us now, president and ceo of sports clips hair cuts. Give us the status of your operations i expect you were 100 shut down there for a while. Where do you stand with your locations now. Good to see you this morning. Thank you for having me. We went from almost 1,900 locations to zero locations open in the last week of march due to government mandates. It is quite the shock. We have come out of it well. We saw a huge surge in business. All of those clients that needed a hair cut and we fixed a lot of those athome hair cuts you saw. So you are almost 100 back to open how are you in the new York New Jersey area that suffered a lot worse in the beginning and is slower to come out we have reopened 97 of our Stores Across the country. So almost every area of the country. It is a franchise concept. Its our responsibility to understand the right course of action and help franchisee to operate. It was harder hit by the virus but opened up quite well what are you expecting for the future talk about the potential of a second wave . Are you discussing another relockdown the only areas so far that shut down twice was california. We reopened again there. That hope is that it wont happen but we have plans just in case how is the business changed safety, health, security is first and foremost what types of material changes have you had to endure and pay for and plan for when we were shut down almost two to four months, we created a sports clip clean Certification Program to ensure our staff and clients would be protected we have taken a lot of extra steps on top of the sanitation requirements already in place such as wearing masks, hand washing, cleaning and sanitizing every station for every single client every time including a fresh equipment pack including fresh tools and fresh cape for every client weve taken what is already highly regulated and taken it one step farther ive seen help wanted signs everywhere one thing, Unemployment Benefits are keeping people from working and a lot of working moms and dads with kids not in school are unable to go back to work. Are you able to find the stylist you need fortunately, we have a great culture and all of our stylist came back to work. Some that couldnt or because of the aggressive Unemployment Benefits decided not to. That will continue to be a challenge with going back to school as you mentioned. That will be a challenge for some time. Ceo and president of sport clips. Im glad the mullet went away, edward we had that hair from a couple of months. It was cool for a while but im glad we are all getting nicely trimmed on the sides we appreciate it thank you very much lets get a check on other top headlines including one of those devastating fires out west and remembering lives lost on 9 11, 2001 Frances Rivera has more. Good morning, in california the wildfires rage on. Officials in bute county have reported seven more deaths at least 20 killed in. In oregon is facing deadly fires and evacuations. President trump reflects blame on the reporter who made the recordings he said he didnt lie and he tried to avoid sparking a panic. Today, we remember those who lost their lives in the 9 11 attack Vice President pence and his wife will visit ground zero as will former Vice President joe biden. And in pennsylvania, honoring flight 93. They will pay respects in the afternoon. Kamala harris will give remarks in fairfax, virginia a tough day for so many people so important that we remember. I dont know if youve been to the 9 11 memorial or if it is open right now i went a few months ago when it was open it is really powerful. The chills. Still there. It literally is chilling. I lost three colleagues and a couple of friends. Im sure we all did. Thank you. Nasdaq will honor the lives of all of those lost on september 11 moms, dads, husbands, wives, brothers, sisters who never made it home. A moment of silence will be held cnbc will bring you that moment as the nation remembers the lives lost in those terror attacks. So many people who saw it and watched it with our own eyes will never, ever forget. We are back right after this i keep working my way back to you, babe with a burning love inside yeah im working my way back to you, babe and the happiness that died i let it get away servicenow. The smarter way to workflow. The big events are back. Xfinity is your home for the return of live sports. Wall street capping off a wild week. Futures are higher Senate Republicans failing to advance the latest coronavirus bill it is official, football is back the chiefs not missing a beat. Beating the texans the nfl season kicks off you are watching Worldwide Exchange here on cnbc welcome or welcome back happy friday here is how your money and the Global Markets are setting up your friday. They are in the green right now. We are seeing the nasdaq and the dow futures. The exact same on the nominal basis. All the major indices did close lower yesterday. The nasdaq losing what it gained fourth negative day. Only three stocks rose tesla, moderna and align technologies maybe well get a bounce back. Nasdaq on pace for the worst week since march 20th. As we have said, context is key. The nasdaq is still up 22 year to date. Remember, the biggest drops tend to come in the years where we are see egg the biggest gains in the market if you are going fast, you have to pay the price as for the global picture, asia is mostly higher. A little more green than red on the screen time for our weekly insider buying segment back after a few weeks off this is where we exclusively highlight corporate insiders buying the most of their stocks. Counting down from the fifth most to the first most you ready . Stock five, vistra energy, the ceo picking up 41,000 shares and number four, summit seeing big insider buying third most is oil rig company bak baker hughes number two, maybe a new name, lindblad expeditions, a board member there buying nearly 3 million. And this week, invesco the ceo buying over 5 millions. Maybe the ceo seeing some value. So why do we do this insider buying segment is insierds buy and sell for several reasons but only buy when there is something to gain. Ebay founder is stepping down and says the moves are not related to disagreements with the company. Microsoft Warns Russian hackers are once again targeting political parties. Also that china and iran have tried to penetrate but adds those attempts were not successful President Trump says the deadline for bytedance will not be extended. Comments add urgency to the conversation they have until september 20th deadline to sell or be banned in the u. S. By the Trump Administration back to you. Little trivia on a friday, frank. Are you old enough to remember beenie babies . I think so. Little stuffed animals. They were really popular and tradeable. Thats the reason ebay got started. Pierre his wife wanted to make a trade of a beenie baby wow brian, ill never play trivial pursuit with you dont im not confident in a lot of things as ive said, my mind is a hamster wheel of garbage ill let you end on that note in d. C. , Senate Republicans failing to advance their stimulus bill. What, if anything, comes next . Not many options will estimate at this point the point yesterday was 5247. Youd think that is a majority in the senate, they need a 60 vote they were able to block the socalled skinny bill it is amazing how skill eamon can keep his face. He once said to me, brian, my special skill is i can midsentence, stop and look completely frozen and not move for minutes. It is one of his special talents. Apparently that talent has run out, i understand youve now stopped impressing us with your freezing ability and you are back brian, can you hear me now. Is this thing on hello, hello i got you thats right. So this is the work from Home Lifestyle we are all in. Sometimes these things dont work bottom line, both sides after the failed vote yesterday blaming each other here is what the president said in the afternoon yesterday right now, the democrats dont want to pass it. They dont want to help really the workers of our country they dont deserve this. This was given to us by china. Pelosi dont want to pass because they think it will help me in the election we are prepared to pass the stimulus for people who need it. Again, it wasnt their fault it was chinas fault we are prepared to do it but i have a feeling democrats wont do it. Nancy pelosi issued a statement saying, today, leader mcconnell continued to block the bill that is needed for the state and local governments, ignores families facing hunger and homelessness and the poisoned pill. Not much time to go we expect them to be in washington through the end of september to focus on the end of september government shutdown. After that, both parties will be anxious to get out of town and go home to come pain for reelection that doesnt leave a lot of time for a massive stimulus project a lot of p emin washington are just throwing up their hands saying, who knows if well get this done or not how much time is there . You can do the stimulus in theory at any time but they are going to leave washington after the end of september and go back and campaign so that gives you a couple of weeks. They can throw something together really fast if politics change both sides have incentives to do a big deal. The president is running for election in a tough race now why this is not getting done will be the subject of books in coming years the virus suffering and washington unable to deliver at least for right now. A lot of real world impact. They cant go back to work because their schools are closed coming up, an historic moment in sports as almost every Major Sports League had an event scheduled yesterday. Well bring you some highlights and talk about the big business be