Points. But as more people go back to work, could the sudden tech spending boom that was triggered by the workfromhome movement, could it disappear as quickly as it began . Chairman and ceo of adobe, this is a Favorite Software company of small and medium sized businesses, he is here, first on fox business, on whether we all kind of borrowed from future tech spending to ramp up connectivity and what it might do to tech stocks coming up. With the memorial day holiday soon upon us, will americans give us that once in a lifetime visit to europe or somewhere else for a Summer Vacation closer to home . The ceo of the Worlds Largest travel Marketing Company says one hotel in particular thats announced it will reopen is proving to be the biggest vote of confidence the nation could get. Which hotel and where it is, coming up. Plus, Hedge Fund Hot dogs, pandemic rebound stocks and charlie breaks it on directvs future at at t. Less than an hour to the closing bell, lets start the claman countdown. Liz i want to get you guys this breaking news. We are being told that about a half an hour from now, two suspects will appear before a judge on charles they were the ones who helped mastermind and pull off the escape of former nissan boss carlos ghosn from house arrest in japan. The u. S. Arrested former special forces soldier Michael Taylor and his son peter taylor in massachusetts after the japanese government requested their extradition. Ghosn, you may remember, fled japan for lebanon in december after being accused of hiding income to avoid tax payments. Ghosn considered a giant of the Auto Industry, faced trial on multiple charges but said he pulled off the daring escape because he felt he could not get a fair trial in japan. So as soon as we see that, maybe during after the bell we will get that to you. Target, lets get to target. Some of these stocks that are popping right now. They hit the earnings bulls eye albeit with a slightly dented start. The retail giant reported better than expected Quarterly Results but half a billion dollar cost of keeping facilities safe and clean that they had to spend for customers, employees, did take a toll. Net profit plunged so you do have the stock popping but in the opposite direction, down about 3 right now. That news follows walmart revealing its cleaning expenses tallied 900 million. That also took a toll on earnings, even as Online Grocery sales surged to a record. Looking at walmart stock, we know that walmart has been a real winner during this move over the past couple of months. Lets get to lowes. Lowes stock is on the move, even after both profit and sales surpassed estimates as the Home Improvement retailer said it expects sales to slow down in the Current Quarter and going forward. So the stock is down about. 33 . Rival home depot missed quarterly profit estimates yesterday. Urban outfitters, lets check that out. After the clothing retailer reported a record drop in same store sales for the april quarter, whats going on here, why is the stock down 8 . Well, wall street rushed in to rachet down price targets for the free people brand owner. The medium price target is now at 17. Right now, we are looking at 16. 51. Got a little bit of room to the upside to move. Lets talk about luckin coffee. Have you been following this story . We have here on the claman countdown. It is now dropping to a record low, down 37 after shares resumed trading today. Its the first time they have been allowed to trade since april 7th, since being halted. The chinese coffee chain is sort of the chinese version of starbucks, the first stock to appear to become a casualty of the Trump Administration tightening the noose on chinese american depositary receipts with accounting transparency rules, plus there is speculation starbucks may buy luckins assets. The problem originally with luckin was that two top executives who have since been fired are accused of falsifying about 300 million in coffee sales and numbers. Amazon, lets look at amazon. Amazon hitting a record high right now. It is up 41. This is the tenyear chart showing that had you bought it a decade ago, you would be up 1,899 . Amazon stock stands at 2491. 27 because you know, you need the 27 cents. Amazon also happens to be the top stock that hedge funds scooped up over the past several months. Pretty good call considering it outperformed throughout these very rough first five months of 2020. What else do the hedgeies snack on . After analyzing Stock Holdings of 342 hedge funds, royal bank of canada, rbc, found that some usual suspects including microsoft, facebook, alphabet and netflix, were on the list but we decided to dig a little bit more deeply and find some of the more unusual Hedge Fund Hot dogs on rbcs list. Fidelity National Information services, charter communications, biogen, abbvie, lot of health care focus stocks along with merck and United Health group. Very interesting. And throw in salesforce along with jnj and bristolmyers squi squibb. Which of these names has the best shot at remaining a hot dog in the second half of the year and which might become moldy leftovers . To the floor show. Teddy weisberg and phil flynn. Some of the health care names really have a shot at staying Hedge Fund Hot dogs and beyond that. I think so. Theres a reason for that. Its hard for me to get into individual names because we own some of those names and have owned them for awhile. Bristolmyers in particular. Im always happy, Misery Loves Company so im happy when i see other folks that like the same stocks that we like but stocks like facebook, bristol, merck, johnson johnson, these are all names that were long. We have been long. I can understand why they want to own them because this is where the earnings are, this is where the growth is, this is where you have pristine balance sheets, decent dividends that probably are not in jeopardy, if anything, might even get raised. So i support their action and clearly, we live in the same sandbox they do. Liz you know, im looking at it, we have you on the screen, then we have right under you, hot dog or moldy leftovers. We want to be clear. Teddy is a hot dog. Hes not moldy leftovers. I know from moldy leftovers in my fridge. Phil flynn, give me your thought of which ones of these names are really destined to hold on to some strength in the third and Fourth Quarters . After following teddy, i feel like a moldy leftover. Let me tell you that. I like clorox, because it kills mold and mildew, right . This is a stock that has done fantastic and look at how much money these companies spend to clean their stores to make sure people feel safe, to make their employees feel safe. Clorox, of course, makes the brands that do exactly that. The hand wipes that are in every store and its probably going to continue to be for some time, and they will all only expand their market share. There was a time just a few weeks ago you couldnt find clorox Hand Sanitizers, the wipes. They are going to do very well. That one is going to stay. Mold and mildew killed, its going to keep on going there. So are the other ones. The ones that arent on that list that i think should be put on the list, because i think they will get hot, as we start to come out of this, i like the restaurant stocks that have been beaten up so bad. Darden restaurants, for example, i think that stock is really going to turn around because they have taken a big hit. But i think people are going to want to get back to restaurants. As long as they have some clorox wipes at the door, people will want to eat again. Thats going to come down, you know, fidelity, i like. I dont know about biogen, i dont know, im not hearing a lot of exciting things. I dont like the chart action. They look a little moldy to me right now. But unless you can, you know, cure covid19 with mold, maybe they would be okay. Right now, im not happy about biogen. Liz i just worry about, yeah, the restaurants, i worry about because those will be tough costs year over year, even if they reopen. They will look at diminished space, people doing social distancing, fewer customers, maybe smaller tickets. Teddy, phil, thank you. You are both hot dogs and pizza to me. Come on. No mold. A little bit of fur but you can cut that off. Green fur. Disgusting. I know from that. All right. Tech. Tech has been such a winner this first half of 2020. For example, adobes market cap actually jumped 12 billion between february 29th and now, but what does adobes ceo, the king of software, see for both adobe and the entire sector for the second half . He joins me first on fox business in just a few minutes. 50 minutes before the closing bell rings. United clean plus, taking flight. Phil was just talking about clorox wipes. There is a new partnership between united airlines, clorox and the cleveland clinic. Talk about a trifecta here. This is clearly an effort to make both crew and passengers feel safer with enhanced cleaning and social distancing measures, at both the gates and on board the planes. Ual stock up 4. 5 . Clorox up another 1 to 203. 86 a share. But are travelers even ready to get on a plane and fly to faroff hotels and resorts . One of the most Famous Hotels in the world thinks yes, we are going to tell you who it is and why june 1st will be a historic day for it and why the ceo of Global Travel giant mmgy says that hotels move is the biggest vote of confidence yet for the entire nations Summer Travel season. Dow jones industrials up 347 points. Well be right back. 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 all right. You may not be ready to fly to venice, italy but guess what . Hallelujah, you will be able to at least fly to the Venetian Hotel in las vegas. Good second, right . The gambling mecca taking a vegassized step toward opening its doors to visitors once again. The venetian is now accepting reservations for guests to arrive on june 1st. The Parent Company is Las Vegas Sands which, by the way, is up 3. 7 right now. They say the casinos, restaurants, pools, shops, all of it will be open. Every state in the country, thats partly why we are seeing a nice rally today, now taking steps toward reopening beaches and parks and businesses. [ inaudible ] Summer Vacation or even a car. Makes you wonder. Clayton reed is the man at the helm of the Worlds Largest travel Marketing Company, mmgy global. Clayton, forget the plane. How about even drive . For the first time in 20 years, aaa will not be putting out its famed Memorial Day Travel forecast. They are blaming the pan dem you can pandemic but what does that tell a marketing guru like you . I think its really important to talk about travel in this context because its going to be so important to how the economy recovers. I think its hard for aaa to gauge what this Memorial Day Travel will look like mostly because i think a lot of it is going to be inside communities themselves. You are going to have, just to give you some context, last memorial day, 43 million americans traveled, they spent over 12 billion in basically three days. I think that pattern is going to be quite a bit different this year. Of course, far fewer people will travel. The low point of the last ten years was 2009 coming out of the recession with 31 Million People taking to the roads. This year, its going to look more like people going into their own communities or only driving a couple hours away. You also have to think about the fact that a lot of capacity is still not back online yet. Over 51, sorry, excuse me, 31 hotels in the u. S. Are still closed and you have capacity concerns so restaurants can only serve so many people. Traffic will be maybe reduced capacity. So spending will be far less. But i will tell you we are seeing in our own sentiment survey, there is a ton of pentup demand. People are ready to get out of their homes and we do think there will be a lot of people on the roads this memorial day, just in a little bit of a different way. Liz tell me how important the venetian news is to someone like you. They are a bellwether for gaming. They are opening. They are going to open a vast majority of what they are doing. You did a study earlier on united and clorox. They are launching venetian clean. They understand the optics of security and safety but they understand people want to come in and enjoy the casino. I think when you have a bellwether like that in las vegas, where you think about mass crowds and scale, that tells you a lot. I dont believe the venetian or anyone else would be opening up, Carnival Cruise lines is going to cruise in august, unless there was demand. We are definitely seeing a pickup in demand. The Hotel Industry is looking at 8 , 9 occupancy in early april. We see that ticking up into the 30s now. Its growing quickly and we have even seen hotels on beach locations in california and florida run 80 or 90 occupancies. I just this morning heard from an Industry Expert that said there are resorts in colorado that were sold out for last weekend. So there are demand pockets for sure. That doesnt solve the problem you basically have in travel but it is coming back. Liz clayton, one of the first things that went as soon as everything shut down were Marketing Budgets. Travel and leisure obviously were going to say forget it. That would be like wasted money going down the toilet because were closed. Are you starting to see Marketing Budgets come back . I can tell you, working at any network, our biggest marketing buys from different customers would be the Auto Industry and travel and leisure and the cruise lines, obviously. But they just shut down. So whats happening there . Do you start to see those Marketing Budgets perk up once again . Yeah, 100 right. First i was surprised at how quickly travel stopped and marketers quickly stopped their own communication. Search marketing has still gone on in a small way, some p. R. Crisis communication, little bit of social marketing has gone on, just to keep travelers aware of what brands are thinking and when they might be open again but we are starting to see that pick up as well. Early on we saw Industry Leaders like the city of las vegas run hopeful campaigns talking about empathy for the situation. You have seen a number of brands do that. I think we are starting to pivot now to travel suppliers talking about the actual travel itself. When you hear Airline Executives like gary kelley at southwest talk about demand picking up and you see southwest now sending out offers on a regular cadence now to get people back into planes, and i will say, you know, a lot of this early marketing is going to be inducement based so you will see low fares, low rates. We know coming out of any kind of crisis, whether it be a health crisis, even a recession, value inducements or lower fares are often the way the industry drives recovery. Liz well, finally, theres got to be a loser in all of this, because we know that as people decide to come back and whether its staycations or nearby hotels and budget names, who loses out . Is it fair to say that if we were to look at the eiffel tower glittering in all of its glory, are people going to go to paris or just paris hotel in vegas . Yeah. We study this every other week. We talk to travelers with the u. S. Travel association, we talk to travelers every other week and gauge this idea about what they want to do. The winners early on are going to be leisure focused and value focused brands that are primarily looking at drive travel. We know from our most recent study that 72 of travelers feel safest in their car. They want to be in a controlled environment and they are looking as i said earlier for value. So expect winners to be ultralow Cost Carriers like frontier, spirit, southwest. Look for Economy Hotel chains to do well. The losers early on, maybe not losers but people that are going to struggle are Long Haul International carriers because not only is there not a lot of leisure intent right now but a lot of revenue for the airlines is coming from front of the bus, first class and premium fares passengers on the corporate side of travel, who are certainly going to be several quarters of laggards in terms of travel. Thats also very hard for airlines in particular. Liz clayton, great to see you. Thank you so much. Clayton reid. Up next, notre dames reopening plan. Youre starting to see a whole bunch of colleges follow what they just announced. We are coming right back. vo our communities need help like never before and wells fargo employees are assisting millions of customers across america through fee waivers and payment deferrals, helping people stay in their homes through mortgage Payment Relief efforts and donating 175 Million Dollars to help hundreds of local organizations provide food and other critical needs. When you need us, wells fargo is here to