One Company Lighting up the way to walk on in, we are going to introduce you to healthy lighting which uses uv rays or at least a certain part of the uv ray to kill viruses and bacteria all around the workplace and stores. This is a fox business exclusive. We are going to show you how this works. With much of the nation still on lockdown we have a threeway merger assuming ahead of the eSports Gaming landscape. Engine media filling the void of live sports, pitting real champion drivers against the top gamers in the land. We have a first on fox business look at the unique new company thats gunning to win in esports news and streaming. Plus carnivals booking bonanza, a barrons investing hall of famer makes his postpandemic picks for you, and charlie breaks it on pro baseballs plan to get back into action. Less than an hour to the closing bell on this monday, so glad youre with us, lets start the claman countdown. Liz lets go, tribe. Breaking news. Major League Baseball owners have approved a plan to restart the 2020 baseball season. Tomorrow, 24 hours, right, maybe even fewer, the owners are going to meet with the Mlb Players Association to discuss the plan. Now, heres what we know about the proposal. It includes a season that is expected to restart maybe even by july 4th in ball parks but without fans in the stands. The owners and the union agreed to suspend the season in march as the covid19 pandemic unfolded. Weve got Charlie Gasparino moving on this story. Hes making all kinds of calls. He will have details later on in the show. Dont move on that. How about that. Baseball coming back, maybe. Auto nation shares, lets look at them, putting the pedal to the metal in this final hour of trade even as car sales have fallen off a cliff during the pandemic. The top u. S. Auto retailing chain forecasts a recovery in both car and truck demand. The stock is jumping 4 . Possibly also because the company also reported a beat on First Quarter sales. Auto nation looking good. Just as retail slowly reopens, under armour losing its shirt. At least at this hour, shares of the athletic wear maker are dropping 10 . First Quarter Sales plunged 23 as thousands and thousands of stores that carry under armour shuttered during the pandemic. The company also warned that the Second Quarter looks weak as well. Lets check out gnc shares right now. Even with massive demand for things like zinc and vitamin c during the pandemic, the vitamin giant could not catch lightning in a bottle. Today with the stock down 10. 7 , gnc warns it may be headed for bankruptcy with looming debt payments. The Health Retailer also said its had to withhold rent and other payments to the tune of 16 million this month. Even megareality star Kim Kardashians new game cannot rescue shares right now. Morgan stanley cutting the gaming stock which gives celebrities their own game and a portion of the money from it to equal weight, saying that all the benefits of people sheltering in place during the covid19 lockdown who turned to mobile games now fully priced in, glu mobile down 2. 5 . We have the hottest story, first on fox business, in gaming and esports. A unique threeway merger announced today. We have the top players in the deal including torque esports ceo darren cox and windview executive chairman tom rogers. Threeway merger completed. We will learn from them in just a minute. Look at the dow, just turned positive. Lets see if it can hold. There are, though, weird anomalies popping up in the markets that we wanted to just at least make sure you remembered and see. Just a few weeks ago, oil futures turned negative. You literally had to pay someone to take oil you invested in off your hands. As randall for sythe put it, black gold turned to fools gold. While the price is coming back, fed funds futures are acting weird. Currently the markets are pricing in the possibility Interest Rates could turn negative by june 2021. This as the Unemployment Rate soars to highs of 14 , yet some are saying that level could be wildly underestimated. Why are the stock markets ignoring these anomalies and should investors ignore them . To our floor show traders. Phil flynn, i will begin with you. Those are peculiar developments and events. Are you seeing others in the markets and should investors take note of these market oddities and invest around or through them . I think you need to take note of them, but realize these numbers are different than, say, the type of numbers you would read in a normal economy because this is not a normal economy. This is an economy thats been hit by this covid19 so you have a lot of these issues that are side issues. For example, when we talk about the most unemployment since the great depression, we realize that a lot of those jobs are going to come back hopefully in a couple of months. Whether you are talking about a lot of the service jobs where people are laid off right now, they are going to be getting back to work so those jobs are going to come back. I think you also have to realize that you cannot underestimate the power of the economic stimulus that we have seen in the system. You are seeing it in the Interest Rate futures right now. You are seeing it in the threeyear note when we had a record low yield. A lot of those things that can bring this economy back and thats why the stocks are doing so well. Liz thats why Warren Buffett did not invest because he said while he loved what the fed did, that prevented a lot of these names from completely tanking and coming extraordinarily cheap. Listen, you have to save businesses whom you ordered to shut but do you see any other anomalies . We had a disastrous april jobs number. Absolutely just turn your eyes away, it was so upsetting. Theres got to be a longer tale here of people unemployed, is there not . Yes. You named it. You said anomalies. People are seeing theres an anomaly between whats happening in the economy and whats happening in the stock market. But everyone is trying to figure it out. This is unprecedented. Right now we are in this price discovery phase and people think theres a divergence between the Unemployment Rate which could hit 20 in the next month or two and a nasdaq that got it all back. Here you have the s p which everyone has been saying is not viable above 2750 and we are almost at 2954, the recovery high. I think the markets going to let us know what it wants to Pay Attention to, the economic news. That could happen in july when we start to see the earnings reports for all these companies that arent giving guidance. Until then, we are in this vacuum of good news which is now focused on reopenings. You just heard new york state will reopen phase two on friday. So you are in this Little Pocket of good news where the markets floating higher. I do think traders are looking at 2954 on the s p. If we get above that today or this week, we could see over even 3,000 at that point. Everyone is going to really start scratching their heads. I think 2 to 3 more of upside here, but then i think the risk to the down side is over the summer when the reality really hits, we could definitely see a little bit more what we call packing and filling and see a move down towards maybe 2550 to 2650 which i think is a better spot for investors to put money to work versus up here where the risk could be to the down side in the next few weeks. Liz well, phil, before we go, that is the issue, is it not, that there is sort of a stench that is going to come that is very real for so many people who are unemployed who may find, a, those furloughed jobs they thought were coming back, theyre not invited back because these Companies Need to see more revenue coming in, and we havent figured out the disconnect and the bridge between lets go back, we are all dying to get back outside to b, i dont want to risk my health. Right . There will definitely be that concern. I think the biggest concern for the market is concern of a second wave of coronavirus. But the news we are getting is generally positive. You are talking about new york. We have some good news. The deaths are slowing there. But there was concern in china overnight when they closed down another city. Listen, theres a lot of jobs that may come back slowly but other jobs where there will be pentup demand. I know for example, a hairstylist, look at this, come on. I cant wait to get my hair cut again. Im telling you. So many people across america, they are going to be back to work and theres going to be pentup demand. I can speak for a lot of americans. They have a lot of spirit. I know a lot of people will be nervous and they should be, and they have to be cautious, but i see that american spirit. I think we will get back to work, things will come back to normal, we will be smart about it, but i think we will have one of the greatest economic comebacks in history. Im very optimistic about the spirit and the comeback once we can get past this virus. Liz thats right. Do not count out america. I will cut both of your hair if you let me. Thank you so much. Closing bell ringing in 50 minutes. We do have the dow holding on to tiny gains, up about nine. Think of where we were. The dow had been down 261. Investors, though, phil just mentioned a city closing in china. Now investors are looking at disney and saying wait a minute, wait a minute, your timing on flinging back open the doors and gates of its shanghai park today might be a little squirrely. New rules on reservations and restricted guest numbers, not enough to quell fears of second covid19 wave hitting south korea and yes, one china town will keep even limited crowds away. Disney stock down. 33 . As the world reopens, would you allow someone to wave a uv light of some sort over your body before entering a store or your office if it meant killing coronavirus germs . Coming up, the ceo of healthe lighting talks letting his light shine down to help stop covid19 in its tracks. Youve got to see how this works. Well be right back. To everyone navigating these uncertain times. Whether youre caring for your family at home or those at work, principal is by your side. Were working hard to answer your questions. Like helping you understand what the recently passed economic package can mean for you. Were more than a financial company. Were a together we can get through anything company. Now, more than ever. Heres the thing about managing for your business. S when youve got public clouds, and private clouds, and hybrid clouds things can get a bit cloudy for you. But now, theres the Dell Technologies cloud, powered by vmware. A single hub for a consistent operating experience across all your clouds. That should clear things up. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Liz nasdaq up 109. We are slowly seeing a revival in retail but its a little murky when you lo ok at it through the lens of covid19. For example, macys. Macys will have only a few fitting rooms open and available. Kohls is holding returned items for 48 hours, ostensibly to make sure theyre clean, then gap is closing all its fitting rooms. All three stocks are down, with gap down the most, 5. 75 . How do you reassure nervous shoppers to try on or buy clothing they fear may be tainted . Lighting company healthe says it has developed products that use uvc, which is a form of ultraviolet light, to zap away pathogens such as the coronavirus on surfaces, people or objects. The company is already working with the Hospitality Industry and is now in talks with retailers. Joining us now, former nasa scientist and healthe founder and chief technology officer. Fred, fascinating but i got to push you on some of this. Lets start with this. You have several products. I want to begin with the one that mimics xray machines we all walk through at airports. How does it work and how does it sanitize people and clothing they are wearing . This is called the healthe portal. The idea is it utilizes a far uvc spectrum at 222nanometers. As you walk through this portal, the uv light emitted from it actually goes and kills the patho gens on your skin, on surfaces, on packaging you might carry through it. Liz tell me how you have proven that its effective in specifically killing the coronavirus because thats all anybody is caring about right now. So for many, many decades, at least eight, we have known that uvc light can deactivate, kill viruses, bacterias and other pathogens. This is not new science. Whats new about it is we have now found an area of that spectrum, 222 nanometers thats also safe for human beings at the same time it is devastating to those viruses and pathogens. Its been tested with coronaviruses before and been shown to deactivate the viruses very very effectively. Liz i am looking at this on the screen. Im thinking why wouldnt every retail store, every office, have this, especially we are in new york, right, people are getting on the subway which is just a petridish, obviously, in many cases even as they try very hard to clean them. Buses, public transportation, you get off, you get into the office, who youre working with, i would imagine theres huge demand for this. We are working with retailers, with office space, we are even talking to some mtas. I think this is a new technology, they are getting used to the idea of having to do something to reachieve this new normal and this is a technology that not only when you walk into the space or the environment, the retail store, the office, you get cleaned off and you fix that, but beyond that, its also allowing us to essentially create this environment where even in the space, you can effectively come home afterward and clean yourself again and have these bacteria and viruses removed before you go back home. You have a very very safe environment for yourself. Liz one of the things that really frightened people was in new rochelle, new york, where there was an uber driver who caught it from another person who had it, people were very nervous. I understand you have a product for these uber and lyft drivers. Talk about that. Im interested in hearing it. So we have a product that looks Something Like this, and this mounts to the roof of a car or the middle of the car, and has motion sensors and Proximity Sensors and actually, when you leave the car or get into the car, this can clean that environment where your passengers are riding so you are making sure the driver is in a safe environment, and the people who come in next also have that space clean before they would even walk into that vehicle again. Liz wow. How much does that cost . And i want to also hear about the carryon. You have a portable thing for people that now theres a huge wait list for it. There is, and its essentially a bag with uv light source in it that you can open up, put your cell phone and keys in, if you are wearing a mask, put your mask in, close it back up, it seals, three minutes later you have your items sterilized or cleaned for you to take back out. Liz that looks like its under 200. Quickly, the price on the light for the ubers . Thats not established, that one. Liz okay. Let us know. I bet theres huge demand all across nation. As long as it doesnt hurt skin, because im very fairskinned, im always worried about that, and you say its the ray that does not hurt skin, correct . There have been Numerous University studies over the last decade that looked at this, they looked at skin, at eyes, and the fact is this spectrum, this 222 nanometer spectrum is the far portion of the uvc spectrum, is incapable of penetrating the layers of skin on ourselves and cant penetrate our eyes. Our bodies are completely resilient and resistant to it. It can penetrate, however, the pathogens we are worried about, including the coronavirus. Thats the exciting part about it. Liz American Ingenuity right there on our screen. Lets thank fred maxik, healthe lighting. Good luck. Cant wait to watch this happen. Thank you so much. Thank you, liz. Liz closing bell ringing in about 40 minutes. Im trying to theres a delay, im kind of getting the hang of it. An epic hollywood drama unfolding at Amc Entertainment at this hour. Shares are spiking, yeah, they are up 30 after the daily mail reported over the weekend that the nations biggest Movie Theater chain was talking to amazon about a takeover. But look at this. As nice as 30 looks, it had been up more than 70 intraday. Its off the highs after deadline poured cold water on the report saying there are no talks of any sort like that. And charlie breaks it on mlbs pitch to players. 24 hours from now, could we have a date on the calendar as to when americas pasttime comes back to the future . vo since our beginning, our business has been people. And their financial wellbeing. Its evident in good times, with decisions focused on the longterm. And crucial when circumstances become difficult. That continued emphasis on people our advisors, associates, clients and communities gives us purpose, strength and a way forward. Today. And always. Liz breaking in just the last forth minutes. Major League Baseball has unveiled a preliminary schedule but before you start smelling the hot dogs and getting all excited, everything hinges on something thats about to happen tomorrow. To Charlie Gasparino. Charlie . Charlie well, you can smell the hot dogs if you make them yourselves because the proposal is to start the season without fans. But heres what we know. The owners about two hours ago approved a 2020 season, the broad outlines. That season and its conditions will now be, that proposal will be given to the Players Union for them to approve. Again, not a slamdunk they will approve it because there are some cost savings in here and givebacks. I will explain that in a minute. Let me give you the headlines according to sources with knowledge of the matte