Secretary mnuchin resuming talks and as carl just said, stocks are set to rally at the open despite ongoing fears, where are the opportunities for investors . Were going to have a look at the sectors and the stocks that could still be poised for growth in this ongoing and still a covid market as we say, carl, with cases at highs in many states yeah. Indeed though, jim, although there is a lot going on this morning, got to start with the chip story you made the wires by suggesting that xilinx may not be ready to sell. I had the ceo on in august, hes so excited about all the new markets that hes going into hes talking about video, live video streaming hes coming into, auto exposure. The problem is every one of those dove tails perfectly with advanced micro i can see the ceo saying all the areas we need to be strong in, xilinx can give it to us i also see that victor, when he was on, was saying, this is new for us, were just doing this. This is not like when altera was going to be sold to intel. I think if lisa sue wants to do it, she has to be careful not to overpay because as great as xilinx is, i think xilinx is terrific, they really think theyre on the launching pad and, david, you know, when a ceo just now feels like, you know what, it is really coming together, theyre usually reluctant when they see the prize to give it up. They are. If they really do think thats going to be something that is within their grasp, youre right. It would be potentially cash and stock. I think, jim, it is fair to say. Given amds incredible move in terms of the stock price up 89 this year, it is not a bad time to use your currency i dont have any information in terms of what a mix might look like or what the offer exactly is but, jim to that point, you would have an opportunity as a xilinx share holder to participate in the benefits of the combination were to include a good amount of stock, which it might. There has been chatter around. I picked it up, that amd was looking. Are you surprised that they are looking for potentially a large deal, even if they are unable to complete this one . Look at i have Marvel Technology on last night and what did they decide to do they pivoted dramatically, decided to be in data center, in cloud, and decided to be in auto and xp last night, preannounces. Why . They are going to kill it in auto so you need a live video, which amd doesnt have you need auto, which amd doesnt have they want to get bigger in the cloud. Theyre already big, but at the same time terrific to team up with xilinx. It fills a lot of holes for what lisa sue has built but at the same time, she is a Huge Positive steward of her companys stock and money. So if xi lilinx wants a fortuned theyre depressed becauses they switched their model and hurt by chi china, if she has to overpay, she wont. Well see i have no reporting on exactly what Price Expectations if there are any at xilinx might be there has got to be certainly some concern about regulatory. These deals can take a long time, were it to actually get announced and then move through the process. They need china antitrust approval as well both businesses have a decent amount of revenue. So that is not something that comes easily as we know. And certainly can always inject a good deal of uncertainty into any transaction. Yeah. I mean, look, i think that she will have to pay more than where xilinx is trading now. The only problem there is that if she doesnt buy it, there is no assurances xilinx will have a great quarter. The last quarter is pretty good. Theyre not hitting it the way nxp or marvel is hitting it. Theyre too nascent in so many of their initiatives they were big 5g and the big defense. Mr. Peng has not furthered those. Hes got numbers that cloud automobile, hes really interesting in that High Performance computing, hpc, very interested in doing that but hes so nascent, thats why i say, you know, wired and wireless up 27 subsequentially, latest quarter but down 33 year over year, david. It is not like youre buying a perfect company. But then again, perfect, the stock would be at 150. Right a lot of analysts, i would say, mixed, mixed to somewhat positive, jim. In terms of their take on this potential union or purchase. They underestimated lisa su at every turn. They have you have not that move in that i appreciate that. You should. I call it like i see it. I tell you when you screw up this one, youve been dead right for a long time. Thank you look, lisa is the one who dr. Su taught me funny, we both met her at the same time. She sort of was introducing herself and you somehow just kind of latched on shes also from where my wife is shes from shes from where im from we had that in common. Overall we are there seems to be a desire broadly speaking when it comes to mergers and acquisitions for companies, it is funny to yifunny, to get stu before the end of the year it used to be a mantra and fell by the way side. It is a calendar change. This year, conceivably there will be a lot of changes come january. It is possible so there is that also. Get stuff announced, if you can in the next couple of months. Is that because they people believe that a biden antitrust, to say, why do we reject everything . Unclear but, you know, why take the chance i dont necessarily believe that would be as we discussed so many times over the last few years, there is a high level of unpredictability in terms of antitrust under the Trump Administration it has been hard to sort of get exact road map even though most people would think on a Republican Administration there would be more leniency, but that hasnt always been the case. And some of the cases that have been brought have been curious and others havent i think, yeah, there is a sense there is going to be so many potential changes if in fact there was a change in the occupant at the white house, why not try to get something announced. The deals worked. Take a look at nxpi. Had they gotten qualcomm, gotten nxpi. 127. 50 . Preannouncement autos are so back. I dont know why people dont understand that autos are back they look at the stock of gm or tesla. Look at the parts. They are phenomenal. Look at the actual numbers from lithium, group one no one knows lithium my daughter lived in lithia, it is a town in oakland no one can figure out these things if you are in the market for a used car, youre going to pay more take a look at those prices for the ford 150, 2019 ford 150 with 30,000 miles on it, david, you would never be able to just buy it online. I already took care might have used car, carl, thankfully. It you use carvana . No. I looked because it is it is a great way to price compare to make sure you understand. You bought something . A while ago needed a second car, right periodically you buy things this is the bull market and what people dont recognize is that it is it does not need stimulus t has l stimulus it has low Interest Rates and it has people that need a car because theyre no longer commuting and why buy a new car. Well get to the stimulus in a minute, jim. I was looking at the list of upside q3 preannouncements in past few days. You mentioned nxpi but bsaf, ppg, in terms of car and kb home and big lots and pandora and mcdonalds and nordisk. Is that setting us up for a good q3 what does that mean for q3 people talk about mcdonalds having double digits in september. Double digits. Oreo mcflurry is good. Are you in favor of stimulus or not all youve been saying is we need it and then i hear you saying, oh, i dont know. There are two markets there is what we trade and then there is the 14 Million People who have no job because it is not their fault for companies that were often wiped out by the companies doing well new you still do you think we do need aid . Let me put it this way, if you were in favor of people, living people, of course if you are a heartless capitalist, who doesnt care about anything other than making money, you dont need no stinking stimulus. Creative destruction . There is, what, a group of people who are 50 of our wealth in this country . Yeah. I would keep the stimulus away from them if you want to target people who are about to have restaurants that are too cold to go to, and they work at a restaurant, why not . If were this close to a vaccine, david, if were this close it a vaccine and the president took a couple took two regeneron and hes back, we can have a bridge to the vaccine. So lets just give those people some stimulus. But then again, david, if youre trading Lithia Motors or group 1, youre not looking for stimulus those are senator Mitch Mcconnell stocks i should call them the mcconnell stocks thats what hes looking at. Or he did mouth he needed some stimulus, but there are people called unemployed and their numbers are staggering and you can find them, you can find them first of the month, find them on thursday. It is a Staggering Number of people who dont have jobs. 840,000 the other day, right . That doesnt mean you cant go buy Norfolk Southern. Right. You think there is probably more people riding on top of Norfolk Southern trying to get to a market where they can find a job. Doesnt mean you cant buy shares of microsoft, which i point out because, carl, there are reports that theyre telling employees they dont have to come back to the office ever which, by the way, go backs to what were talking about, jim, the restaurants that Service Office workers, just think about all the Different Industries that rely on people going to buildings. So if you have double digit gains, for mcdonalds, in the month of september, do we just presume that everyone who ever went to everyone decided they like Blueberry Muffins or the local designer is closed. I think thats exactly the point, jim i mean, the breakfast trends at mcdonalds used to be a Macro Economic tell. The number of people on their way to work who need to get something to eat, but now it is a share shift. And that is a it is not at all indicative of what employment may be in terms of going to an office i had Dominos Pizza on last night. Theyre growing double digit well, is that just because the whole country decided they like that new cheeseburger pizza . And changing wings no it is because your local pizza parlor cannot deliver in 20 minutes, cannot use contactless, does not put it on a pedestal when it comes and still needs millennials to talk to them. And millennials have no desire to speak they hate speaking and genx, it is all artificial intelligence, just they dont text each other. They dont use text. They snap or they do other stuff. They snap yeah. Anyway, carl, youre looking at Dominos Pizza, you should be thinking about the pizza parlor wiped out, it is not going to get any help because the two parts of the republicans and democrats are so angry at each other that the person that delivers pizza is out. Casualty of the times, carl. Casualty yeah. Not the stock market. We got a lot of calls to get to today on axp and amazon and nvidia, way fair and others. And well get to what politico is taking about stimulus talks that the white house is set on a deal and is willing to work all next week. What does that mean for mcconnell and thsete lta authat after the break. Taxsmart investing, whats new . Audreys expecting. Twins wed be closer to the twins. Change in plans. At fidelity, a change in plans is always part of the plan. Can go your own way its time you make the rules. So join the two Million People whove switched to Xfinity Mobile. You can choose from the latest phones or bring your own devic, and choose the amount of data thats right for you to save even more. And youll get 5g at no extra cost all on the most reliable network. So choose a data option thats right for you. Get 5g included. And save up to 400 yr on the network rated 1 in customer satisfaction. Its your wireless. Your rules. Only with Xfinity Mobile. Gilead up releasing data from remdesivir, shows the drug did cut Recovery Time by five days, compared to patients who got the placebo. Earlier this morning on squawk squawk, they talked to meg tirrell about the study and how it showed a reduction in deaths. Very importantly it reduced the number of people who died by 70 and the largest subgroup of patients, those receiving oxygen this is Important Information for doctors, for patients, that are stricken with this disease and as Scott Gottlieb made the point, jim, this morning on squawk, gilead does not have some supply constraints that regeneron or lilly have. This is a great reminder of everything about this, because it is a novel illness. Youll hear something. It is not peer review. It fell because then we heard that it wasnt that good, and the peer review indicated it only saved a day further studies and the longer term study, more accurate, gives a much more positive picture so we have to be very careful, whether we talk about whether tennessee titan test positive and they dont test and then test positive again, whether gileads really working, whether regeneron is as strong as it is versus the whole that theyre presenting we have to remember when we report on these things, meg tirrell does a good job and so does Scott Gottlieb, you report these things, first blush is almost always wrong. It is just the way it is because nobody knows anything about how the things work. The same thing the first blush of dont wear mafb masks, it cae transmitted if youre asymptomatic, you know this, the misinformation, but it is not really any intentional about everything with this disease has been incredible. Right but to your point, it is novel and we always have been learning and thankfully think of what we just in so many ways what we thought six, serven months ago and what we feel now, the way to treat it, to prevent it from spreading and so many Different Things, we come back to it remdesivir is something that seems effective in keeping people from dying once they get to a not great place it is worth pointing out the president , of course, is probably the only person who actually had the Monoclonal Antibody from you think he got special treatment because hes president . And remdesivir which he took early and the steroids and it seems to have worked very well. I think, carl, one thing that i think people should recognize at home is regeneron has already agreed to be compensated for the for 200,000 so the idea that people take i like regeneron for other drugs, but the idea to buy the stock of regeneron for something already paid for and giving away beyond that, it is it is just not that it is ill advised. And thats what happened to gilead, gilead wasnt making any money initially. Lets be careful buy regeneron it has other drugs making a lot of money. Buy eli lilly, other drugs that are making a lot of money. Thats why you buy a drug stock. Not because of anything involving this disease, because these companies are trying not to make a lot of money on this they want to do whats right or they take warped speed money and the republic is wrong about this as we, again, as we head very closely to the election, drug prices have always been an issue, do you think that the performance of our Drug Companies and the innovation they have been able to show in combatting this virus is going to help them in sort of the public battle in terms of drug prices and whatever might come their way . Have they at least sort of showed their value in some fashion . Universally thinking that their stocks will be much higher for an Election Year because of so many things theyre doing, theyre very suspect theyre very defensive you get them offline, theyre, like what more do we have to do . Were proving we have never done this before, were pulling our resources, were pulling from all sorts of programs, and people do not give us credit because in the end, people fear that if biden gets in, he will negotiate much more tough, the president , there is a wild card, he also says the drug prices is too high it is not unlike, remember, when president clinton stood in front of merck, in new jersey, and belittled that company, saying that prices have to come down, it was shocking because the doctor, works at regeneron, overseas, but it was an amazing moment in history that he went in front of merck. Pri prices have never come down speaking of reality, jim, pfizer today faced three trial on a Breast Cancer treatment, failed to meet the end point were not drawing conclusions about covid, but thats a reminder that phase threes dont always work out. They justdont. Absolutely, carl. Thats a good i think you could ascribe a lot of people bought lilly yesterday because of their one not cocktail but one antibody but this is much better. This is why you buy lilly. But people it is also why you buy Seattle Genetics people are so infatuated with taking a couple of regeneron im being the president was taking regeneron he made it sound like aspirin. It is the name of the company. It is easier than saying i had a cocktail, i had a couple of cocktails. That sounds really bad. Call me in the morning. Had an upset stomach, take a regeneron. Lets give him credit he didnt say he took a couple of cocktails. S p not far behind. Were back after a couple of moments. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. You may not expect the unexpected, but you can certainly take it all. The lexus es. 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