Take shape across the nation. This is a live picture that we can show you of an event being held right now in brooklyn, new york. As you can see, there are people with the microphone, there are people Wearing Masks and they are sort of social distancing and most importantly, it appears very peaceful. Isolated incidents of violence did mar largely peaceful protests all across the United States last night. Some businesses still struggling with that double whammy of damage from both looting and the enduring losses of the coronavirus pandemic. We will speak to one Business Owner who is desperately trying to cope. With so many people gathered so closely together in the middle of the coronavirus pandemic, will we still see a second wave of the deadly outbreak sooner than the fall . We will take you straight to the front lines. Dr. James gasparino works in the trenches at Brooklyn Hospital center. He will give us an update on what he believes will be a new coronavirus spike. And what he expects to happen and when he says its coming. Plus, viva las vegas. The cards are being dealt, the dice rolling and the slot machines are ringing again at casinos in sin city but dont expect to see elvis belting out his hits unless hes wearing a mask. The founder of the popular blog vital vegas is here in a fox business exclusive on whether vegass high rollers are set to return to the tables. Markets are slightly lower today. Having a little trouble finding some altitude after weekly jobless claims came in just a bit higher than expected. But for the first time in weeks, below two million. The markets, though, are worried and waiting for that 42. 6 million unemployed americans could slow the postcoronavirus recovery. Dow jones industrials down 69. We have the s p in the red by 18 points. The nasdaq down 81. We are less than an hour to the closing bell. Lets start the claman countdown. Liz notwithstanding both the protests and the worries about coronavirus, apple shares have jumped 27 this quarter alone. They are kind of middling around today and slightly lower but as consumers once again emerge, we thought lets take a look at apple halo stocks. The company specifically that makes the stuff that goes inside the apple gadgets. This morning, it turns out skyward solutions which supplies wireless chips for the iphone hit an alltime high of 128. 77. Right now we are just below it right now. We are at 128. 04. But skyworks seeing real momentum over the past couple days. We also have lumentum moving slightly lower by 2. 25 . Qorvo up. 33 . Apple suppliers, the halo effect is in business right now. Simon Property Group in no mood to grant gap stores a rent reprieve. The mall operator is now suing gap for more than 65 million in unpaid rent. The clothing retailer is its biggest tenant. Gap stores up nearly 2 but as covid19 takes a toll on much of the retail world, Simon Properties group ceo david simon, and that stock is up 6 , has been pretty firm when it comes to all tenants paying up, saying on his may 11th Earnings Call quote, we do have a contract with them and we do expect to get paid. To the double hit from covid and looting, its got lvmh reportedly rethinking its purchase of tiffanys. Reports are swirling that Louis Vuitton is looking to renegotiate the 16 billion takeover of the iconic american jeweler. Shares are down half a percent. Tiffany is up half a percent. Sources say tiffany may sue if lvmh starts to balk or tries to get a discounted price. The pandemic has been good for costco. The membership warehouse retailer reporting an increase in may same store sales and Digital Sales more than doubled from a year earlier. That stock right now up 1. 5 but jmsmucker down 4. 7 as investors may rotate out of the pantry pepper trade with the reopening underway. Check the dow. We are down 75 points. Millions of dollars in damage from nearly a week of nighttime vandalism and looting in new york city following mostly peaceful protests over the death of george floyd at the hands of police in minneapolis. The event is already labeled as a catastrophe, as losses are now expected to exceed 25 million. Thats new york. New york has faced tens of millions of dollars in destruction and as we look at all of the problems here, lets go to Kristina Partsinevelos on the streets of new york following protesters and talking to local businesses who are surveying the damage. Kristina . Reporter already reeling from the lockdown, Small Businesses that now have to deal with the damage caused by the protesters and looters, like you said, that could cost millions of dollars. I have been traveling around the city throughout the entire week and especially today, we have been speaking to a lot of small Business Owners including one woman who owns a wine and spirit shop in chelsea. She said that once the lockdown was enacted she already lost about 80 of her revenue. Since then shes been looted. They broke through her store, cracked the window, destroyed all the bottles of alcohol by the windowsill, stole liquor like hennessy to the tune of about 2,000. Thats not even including how much it will cost to repair the store. Listen. You can look around and see the people employed here. We are diverse, we are vibrant, we are a womanowned business and doing our best to survive. The looters have disgraced this whole movement by hitting the businesses that they are supposed to be encouraging. Reporter Law Enforcement as well as small Business Owners have both told me that often in these situations the police come but they are outnumbered by the looters so they cant do anything. At this point, retailers have had to board up, pay for personal security if they can afford it and hope for the best. Unfortunately, we didnt get the best last night. In brooklyn there was a stabbing of an nypd officer. He was stabbed in the neck. There was two other officers who were wounded. All three are expected to make a recovery and the suspect is in custody at the moment. But you can see this is chaos across the entire country. Here in new york, they are stepping up by providing relief and assistance to Small Businesses to the tune of 500,000, specifically for those in the bronx. Theres an additional 10,000 grant for those that need any help with security, locks, et cetera. Then also, a line for anybody in new york that helps file insurance claims. I know that that can be a big headache. But like you mentioned, Small Businesses are possibly, according to the manhattan institute, facing tens of millions of dollars of damage just in the city alone. That really not only hurts Small Businesses but takes away from the very core of the message of these protests which is partly to end police brutality. Back to you. Liz we can only hope most of it is over, all of it is over. Thank you very much. We see those plywood wraps around right behind you of many many a corner in new york city. Pretty stunning sight. Closing bell, we are ringing in 52 minutes right now. We just hit a new low. The dow is down 124 at the moment. Stayathomers still Online Shopping until they drop. Just look at ebay hitting a new record high after raising its Current Quarter revenue and profit forecast due to the lockdown buying boom. Shares of ebay up 5. 5 to 48. 96 a share. The nasdaq just 1. 5 away from its alltime high. One market maven says we are actually only at the very beginning of a 50year long tech revolution. The dramatic declaration has wall street chattering. But hes here to talk to you as he joins our floor show trader to make his case for buying highflying, high tech stocks and the specific names hes betting on to dominate what he says could be the next five decades. Thats longterm investing. Hes next on the claman countdown. Introducing new voltaren arthritis pain gel, the first and only full prescription strength nonsteroidal antiinflammatory gel available overthecounter. New voltaren is powerful arthritis pain relief in a gel. Voltaren. The joy of movement. 100 online car buying. Carvanas had a lot of firsts. New voltaren is powerful arthritis pain relief in a gel. Car vending machines. And now, putting you in control of your financing. At carvana, get personalized terms, browse for cars that fit your budget, then customize your down payment and monthly payment. 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Just days ago, teslas elon musk announced he was quote, going off twitter for awhile but that didnt stop him from responding to a tweet complaining that amazons kendane kindle publish armory fusarm refused to public a covid19 work. Musk tweeted time to break up amazon, monopolies are wrong. Oh, yeah. He threw down the gauntlet there. Then he added quote, this is insane, jeff bezos. I do believe both stocks are slightly down at the moment for amazon and of course, tesla. But you know, when two billionaires start to fight and attack, i say lets get Discovery Channel in and film the whole thing. While the stock market looks a little lethargic after four days of rallies, i want to specifically zero in on the nasdaq 100. Shares hit alltime intraday highs yesterday and while shares are kind of struggling for altitude in this final hour like the rest of the markets, quarter to date, the nasdaq 100 which is chock full of Technology Names is up more than 23 . So you would be smart to ask after such a great runup, where are we in the evolution of tech . Well, one voice on the street says forget evolution. Try a 50year tech revolution. One that he says is not beginning but about to begin. What will be the main driver and how could you get in before it takes off . Brad neuman, alger Senior Vice President and director of Market Strategy made that declaration. We said get him in to our floor show along with cme trader phil flynn. I was thinking a couple days ago about how the coronavirus has been sort of an open invitation to technology to just go for it, disrupt the way we do everything, but is this way bigger than that and more of a new age of connected intelligence that you see . Well, i think the pandemic accelerates a lot of the trends weve seen in place for some time. [ inaudible ] technological revolution every 50 years or so. The last one being the socalled age of telecommunications which started in the early 70s with the advent of the microprocessor and put the pc on the desk of workers and transformed how they work, and concluded with the smartphone which obviously gave individuals access to all Human Knowledge at the palm of their hand. That industry is more mature now and we think its evolving into this next revolution which we call the age of connective intelligence. Which essentially starts with a lot of connected devices, you can call it the internet of things, producing a lot of data thats going to be processed by super Hardware Computers and software in the cloud, gives us all access, cheap access to cheap computing power. And all that will yield Artificial Intelligence and valuable insights. So thats where we are really investing over the next several years. Liz so if im hearing you, it would stand to reason that you would go with semiconductors. You bring up moores law, gordon moore, one of the founders of intel, he always said the number of transistors on a chip would double every two years, yet the price would come down. Does that still make for a good recipe to put into chip stocks and are there names that you like . Its interesting you mention that. First off, yes, we do like semiconductors, particularly what we call the arms dealers. Theyre the companies that have scale advantages and technology advantages, that can supply all those companies who are looking to get into the space. Those are like the Applied Materials of the world, the Semiconductor Equipment companies. Its interesting you mention moores bylaws while youre right that exponential growth in semiconductors, Artificial Intelligence, the speed of those computer, how fast that training can happen for those computing programs, is actually doubling every three to five months. So arguably, Artificial Intelligence on a much faster track with very big implicati s implications. Liz yeah. You know what, when we look at qorvo and skyworks, its incredible. Aside from the big names. Phil flynn, give your sense of what you see ahead. If brad is saying we are looking at a revolution that will be five decades long, what other revolutions do you see . Not to put you on the spot or anything. Im ready to start a revolution. I dont know. Tell you what, brad is right. Im very excited about this. I think what brad is getting at, its going to change every aspect of our life as we go forward. Every product that we have today is probably going to be obsolete in a few years. Its going to be absolutely incredible. For example, if you look at businesses and marketing, you know, everything you own in your home is going to be controlled basically with your voice through the cloud. Even every currency transaction in the world, every trade on the floor of the exchange is probably going to be created in the same way and its going to get faster and faster and faster. We haeard a lot about block chain, with the cryptocurrency. The new Technology Like in the cloud can make that obsolete with these new technologies. You are going to be able to clear billions and billions of transactions in seconds, and thats our future. Thats why this is so exciting. Brad is right on with this one. Liz yeah. Brad, when this craziness is all over, we would love to have you in the studio to hear and to watch your prediction because its a pretty bold one thats gotten the attention of wall street. Brad neuman, phil flynn, thank you so much. Good to see you both. Weve got the closing bell ringing in about 43 minutes. If you are wondering whether the coronavirus is dying out here in the United States, the doctor who runs Brooklyn Hospitals intensive care unit says just wait, that scenes like this diein protest could speed up a second covid19 tidal wave. Dr. James gasparino on when it will hit and why people not even at the protest might be the ones most at risk. Hes next on the claman countdown. 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. And let me tell you something, rodeo. I wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Its just a loan designed for older homeowners, and, its helped over a million americans. 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But on this very day where we are remembering george floyd, and trying to look ahead on all of this, we know that one thing is true, especially from the pictures of these protests. People are standing very close together. Just as new york citys mayor announced today that phase one of the reopening begins monday, have large gatherings of protesters like the one in brooklyn, like