Higher in early drtrading after yesterdays 700 plus point loss on the dow but then the dow started pulling back at one of the nations largest states officially hit the pause button on its reopening. It is texas. Texas now stuck at phase three statewide. They are banning elective surgeries in four counties including dallas, as austin area hospitals warn they could reach capacity by the middle of july. The rapidly spreading virus is not stopped in its tracks. Coming up, ceo of classic stayathome stock identity and password management star okta. The ceo is here with a covid19 shocker. What many people are still not willing to do even in the face of new outbreaks. But the pandemic is actually providing a boost to polaris. They are facing a supply crunch as demand for the Great Outdoors kicks into high gear. The ceo of the atv giant is here on what hes doing to keep his recreational vehicle giant from going offroad. From too much demand. Kind of a good problem to have. And brady versus portnoy. The fivetime super bowl ring wearer and blogging rock star going headtohead on instagram but whose side is barstool sports ceo on . The lead grownup in the room of barstool sports is here live on that in just a few minutes. Plus the new app for betting that barstool was getting ready to launch. Plus, back in the covid bulls eye. You have the mouse house there. The ev monster truck battle heating up and charlie is about to break it on a big story. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. Apple has Just Announced that beginning tomorrow, it is closing 14 stores in florida in locations including miami and boca raton. This as covid19 cases are starting to rise at an alarming rate. Now, this is separate from the seven stores in texas that the iphone giant said it would close, and that was announced yesterday. So we are watching this as we speak. It is a work in progress. Things are developing rather quickly in this final hour of trade for many different companies. Apples stock is still up about. 33 , 361 a share. Lets get to the pop and drop stocks right now. Did electric vehicles just get a major signal from the Trump Administration . Maybe a green light . To warren, ohio and the former gm lordstown factory where Vice President mike pence just finished touring the Lordstown Motors plant where the electric Truck Company which is, by the way, 10 owned by workhorse, just did a big unveil of its new endurance electric pickup. Workhorse stock jumping as much as 14 earlier, has reversed. Its down 1. 5 . But the excitement comes on the possibility that the administration is finally starting to cozy up to electric vehicles and the United States leadership position in that area. Workhorse has been on a tear, though, jumping 372 quarter to date. To the rivals, tesla which traded this morning as low as about 939 a share, had been lower. It is now up by 1. 5 to 975. 99. Tesla slated of course to Start Building its supercool cybertruck in 2021. Gm is hoping to build its First Electric pickup and the hummer which was, yeah, the all electric hummer was actually delayed. Nikola is trailing the pack with its electric truck called the badger slated for production by 2022. Gm is down 1. 33 . Nikola is down just under 1 . Okay. To the mouse house. It is slipping on its announcement it will delay the reopening of disneyland. The two anaheim, california parks that make up disneyland were originally slated to blast back open their gates july 17th. But now we dont have a date for when they are pushing it out to, because they will not be issued more guidelines by the state of california until after the july fourth holiday. Disney is down 1. 75 . While the park opening has been postponed, the Downtown Disney district is still expected to open july 9th. Rival theme park stocks from comcast which is down about. 33 to sea world, six flags, these are names we are watching very closely because we are getting different dates on them. The dates are suddenly starting to move on when they will reopen. Sea world down 2. 5 . Six flags down. 5 . By the way, Disneyland Reopening is not the only disney property in jeopardy. The july 24th release date of its live action movie mulan may be pushed back again, as covid19 cases surge across the multiple states in the u. S. Get to mortgage rates. They are still outrageously low, still near record lows, but thats not enough to help kb homes. Its down 12 , nearly 13 right now. They had their homes falling double digits for sale. They are seeing sales orders plummet 57 in fiscal Second Quarter which Credit Suisse called quote, pretty shocking. The home builder blamed covid19 for delays during the quarter and the increase in purchase cancellations. Kb homes now stands just spanning that 29 a share level. All right. Look at the dow. Its now back up 156 points. Now, even as a tornado of bad pandemic news swirls around the u. S. , the economic skies got just a bit clearer after key data reveals today, we have durable goods orders that came out this morning. This is good. They shot up an unexpected 15. 8 in the month of may. Boy, that was way better than the expectation of about 9 . When you look at Something Like that, you say okay, these are big ticket, more expensive items that last two to three plus years, hopefully. Then weve got continuing jobless claims. Continuing claims finally dropped under the 20 million mark. So down 767,000. Continuing claims are not the new people jumping on the unemployment lines, its the ones who are still there and havent been hired back. Then the final print for First Quarter gdp, while still showing shrinkage of 5 , it did not worsen. It remained unchanged from the previous level, 5 contraction. Then you get Goldman Sachss head honcho David Solomon, who said yesterday at an investor conference, the markets are overly bullish on less worse data and they are out of touch with the true reality of the longterm coronavirus effects that are negative. Whos right, the markets or solomon . To our floor show traders. Guys, which side are you taking . Let me ask sarge first. If you are taking one side, which sectors or stocks support your pick . As usual, i can give you an answer but it might be a little lengthy. All right . Solomon is wrong about a vshaped economic recovery. We see this in the labor markets. They are improving but not nearly fast enough. We are at the point in the rebound where we can go no further without suddenly better covid related statistics. The statistics related to covid are getting worse. Unfortunately, premature reopenings, the protests, all that that shook the nation, also brought the virus back in the door. Now, equities, are they ahead of the economy, yes. Is this justified . Im not sure. They might be. This is the byproduct of supply and demand after funneling all of our capital flows we look at through the whole screening process, that renders Everything Else less attractive. Stocks have to be expensive. There has been a reevaluation. Earnings, hes wrong about earnings because nobody is looking at q2 or q3. We are looking at 2021 and 2022. All right . Folks are going to continue to keep working from home. Maybe by choice, maybe not by choice. They are not going on vacation this year. They are going to cook at home regardless. All right. So you want the stocks, you still want the work from home stocks, adobe, salesforce, microsoft. You have the guy from okta on today so we will go with okta. Ecommerce, you still amazon, walmart, conagra, kraft heinz, pepsi, mccormick. You want your treatment plays, moderna, regeneron. You also want to keep your cash, you want to maintain your flexibility even if it hurts your top line performance. Nothing beats flexibility in these markets. Liz but sarge, yeah, i love this. Sarge says you want this, you want that, gives this whole Shopping List and says keep some cash, too. I need to spend the cash on all the stocks. Scott, please explain to me because im looking at what David Solomon said and saying you know, they can kind of both be right. The markets can be right and David Solomon can be correct. Theres no question about that. Sarge makes some great, great points here. The market is ahead of the economy. The market is a leading indicator in most cases. But one thing that i would point out to you and to everybody else is a lot of this right now is what people call the tina trade. There is no alternative. So if people have cash and are putting it to work somewhere, where are they going to put it, into the bond market and get half a percent, whatever it is, for ten years . No. They are picking and choosing in the equity space which happens to be the big cap techs right now leading, and i do think that to break out of the range were in, to break out to new highs, we are going to have to get some other sectors to go along for the ride. That doesnt mean, in my opinion, there will be a sector rotation. I do believe that the big techs will still lead this rally and one of the stocks that i love that actually goldman just downgraded last week is slack. This is a company that even before the pandemic hit was on its way. You know, it had ipoed, the stock got hit like many ipos happen and then they started picking up clientele. This thing was on a roll even prior to the lockdown. Goldman does point out there is some concern that microsofts product could offset this. But i think slack is one that you have to have, because not only is it on its own merits, this could eventually be a takeout play from microsoft. You know, theres one other thing liz i knew sarge was going to do that. I knew you were going to do something. We are jampacked because scott just brought up slack. Weve got okta coming up, the ceo. Stay tuned for that. Sarge, scott, thank you so much for your perspective. I have been doing this too long. 49 minutes before the closing bell rings. Macys is dropping nearly 5 after announcing it will be laying off some 3900 workers in an effort to cut even more costs. The retail giant said the cuts were part of a restructuring that it hopes will save 365 million this year and 630 million total annually. Macys down 60 this year, down another 5. 25 right now. From one of the top work from home allstar stocks, we have to mention okta. It skyrocketed 65 so far this quarter alone. Its just come out with a new covid19 survey of its clients that has some rather disturbing and worrisome results. What that survey says and whats next for okta if and when more people really start heading back to work. What about this latest pause button from texas thats breaking in just the last couple of hours . Weve got the ceo of okta coming up. We could never do what they do. But what we can do it be a partner that never quits. Verizon is the most Reliable Network in america. Built for interoperability and puts First Responders first, giving their calls priority, 24 7. We do what we do best so they can too. Liz so, you know, we mentioned this already but it is big news. Just as Texas Governor greg abbott announced in the last few hours that he has frozen his states reopening due to an alarming spike in coronavirus infections, work from home is now officially an investment sector. Officially. Why . Because it has its own etf now. Direxion today launching a new work from Home Exchange traded fund, Ticker Symbol wfc, chock full of companies we have come to depend on that are keeping most of us connected to our offices and coworkers. Top five, twilio, crowdstrike, avaya, zoom is in there. But okta is right there at the moment. Oktas stock is jumping 3. 33 . The corporate password and Identity Management company basically allows single signon to log in from anywhere to multiple Cloud Platforms and has clients who pay anywhere from 2 to 100,000 a year in subscription fees. The Remote Working rock star flexing its muscle, up 76 year to date. Oktas ceo and cofounder todd mckinon is watching the covid headlines and joins us live. Great to have you. States have begun easing lockdowns. More or less around memorial day. Tell us what you were seeing when it comes to remote logins and what you are seeing today. All our customers, their employees and their customers log into the tools they need to be productive and what we are seeing is that this country and the world is working hard. They are working harder than ever. Theres more logins, more security events, more usage of technology than theres ever been. We are doing our part to make it easier for them to get in there and make it secure and keep the thing rolling. Liz faas, software as a service, is delivered online. We love it. We have it at fox. This way we put in one password and then we can suddenly log on to everything from slack to microsoft, mail, et cetera, et cetera. Its just such a huge time saver. Your team, im sure, has been able to watch basically realtime logins. You say people have been working harder from home. I would tend to agree. I know from my own experience, i dont move, im just so focused because theres almost a frantic atmosphere to all of this. How do you see catalysts looking ahead be on the coronavirus for brand new subscribers . Well, i think that we released something we call the businesses at work report which is we share with our customers and with the world at large data, aggregated across customer base, to help give them a better feel whats going on. What we saw whether we released the version of this report for the pandemic a few months ago is that people of course are using more collaboration technology, things like webex, zoom, slack and box and things like that, but they are also using more security tools because they are really making sure that they balance this increased flexibility for work. Like i said, we are working harder than ever. We are always on. But they also want to do it securely. I think an interesting idea is think about the secondary effects of security tools that have to be purchased and implemented around this increased use of technology in general. Liz talk about that, security, hackers. Hackers have definitely been sniffing around. We know the country of australia recently was a target of a massive statesponsored hacking campaign. Im interested to know what your i. T. Guys see, because they can see those bad actors knocking around and looking for weaknesses and cracks. Are they state sponsored . Can you tell . Because that becomes an extraordinarily worrisome issue. You know, people are always, no matter what the technology, they are going to try some people in the world will try to take advantage of other peoples vulnerability. We are seeing the same thing, as more businesses are embracing flexible work, as more businesses are moving their business, their customers and their partners online with better websites and mobile apps, the bad guys out there are taking advantage of that or trying to take advantage of all this vulnerability we have as a society, as a world moving toward that and its up to us as technologists to make sure we balance all of that flexibility with robust block type. Thats what were dedicated, the entire industry is dedicated to do. Liz with so much of us, so many of us jumping online and working, you just released a survey and one of the questions that you had asked so many, thousands and thousands of your customers, were their attitudes toward privacy and the coronavirus. If somebody tests positive, and they are emailing about it or whathave you, talk about what we found here. It was 14,000 consumers so it wasnt just okta customers. It was surveying consumers to get a sense of what their views were on privacy and because its an important issue because we as a society really need to balance, you know, the use of technology and then the benefits of technology and then the downsides of having data being shared and peoples personal information being on these services. We want to get a sense of that. The results are very interesting. We see that first of all, people dont really have a great idea of what constitutes their Digital Identity online. They dont really understand the amount of data thats being collected and the social Media Services and other types of services, how much data is out there. I think its hard for us to make important or Intelligent Decisions about whats allowed and whats not if people dont even understand the kind of basics of the parameters of whats being shared and whats private and whats not private. We are trying to get that conversation going so that we can build as an industry and as okta Better Solutions to help give people more control of their data. Liz okay. Todd, thanks for making certainly our lives easier with okta. Great to have you. Thank you so much. Todd mckinnen. The claman countdown will be right back and we will be back with the ceo of the hottest media sports blog, barstool. At mercedesbenz, nothing less than worldclass service will do. Thats why were expanding your range of choices. Many dealers now offer optional pickup delivery and athome maintenance, as well as Online Shopping with Home Delivery and special finance arrangements. So, whether you visit your local dealer or prefer the comfort of home you can count on the very highest level of service. Get 0 apr financing up to 36 months on most models, and 90day firstpayment deferral on any model. Liz the nfl 2020 season is months away but today the league just called its first timeout. Due to the covid19 pandemic, the nfl is canceling the august 6th hall of fame preseason game between the Dallas Cowboys and the pittsburgh steelers. The hall of fame induction ceremony on august 8th is also going to be scrubbed. But its game on in the social media shoving match between hall of famer and fivetime super bowl Champ Tom Brady and barstool sports founder and allaroun