Tonight. See if you recognize their names. Weve got the top Economic Issues that will be front and center and Dale Earnhardt jr. Joins us live power lunch starts right now. Stocks are up, after the session highs. The dow up 112 points earlier. Intel, apple, boeing fueling the gains now. There were reports that boeing is in talks to reimburse airlines after that 737 max grounding. Those planes still on the ground, kelly. Thanks. We are just a couple days away from the end of the second quarter. The s p racking up gains, but the gains are getting narrower and narrower bob pisani is on the floor at the nyse bob . The s p is up about 3 this quarter, but its been a super big cap rally. So just take a look. The s p, again, up 3 . The big caps only up. 4 small caps, look at this down for the quarter thats what i mean big cap rally. But the biggest of the big ones are the ones really pushing the markets around in this quarter so look here five stocks, microsoft, facebook, amazon, disney and apple. Account for 30 of the gains for the whole s p this quarter five stocks. Microsoft alone, look at this number, accounts for 14. 8 of the gains for the whole s p. Call it the triumph of indexing. A group of companies that have gotten so big, they essentially have become the stock market when they do well, the markets do well. A simple way to look at it thought experiment suppose the top 50 stocks in the s p 500 were up 1 on the quarter and suppose all the rest, all of the other 450, were down 1 . You would think 50 stocks up, 450 down, hey, the s p is going to be down, right . Well, you would be wrong the s p 500 would be flat and kelly, that shows you how powerful the biggest names have become its no longer growth at a reasonable price used to call it garp its growth at any price thats whats going on right now. Back to you. All right, bob, thank you very much bob pisani. President trump headed to the g20 summit in japan to meet chinas xi to try and hammer out a trade deal treasury secretary Steve Mnuchin on cnbc earlier today, sounding optimistic about a deal. Im hopeful that we see a deal but there needs to be the right efforts in place and this isnt a deal for having the sake of a deal we were about 90 of the way there. I think theres a path to complete this. But well see where we get now, weve heard secretary mnuchin and others in the administration make similar upbeat comments before so how much should investors read into what he said today as well as President Trumps latest attack on the fed . Well tackle both of those with peter bookbar, chief Development Officer at Bleakley Advisory Group and chief investment strategist at Janney Montgomery scott. Gentlemen, welcome peter, in any negotiation, i suspect the last 10 , the last mile, is the toughest. Weve been here before only to find that there was no deal the tariffs that we initiated on the world started in january 2018 and here we are, the summer of 2019 and i dont see us any closer to a deal and to your point about that last 10 , its all about the enforcement. And its all about the tariffs, which are the most important things Everything Else is really irrelevant when compared to that so lets, mark, assume we come out of the meeting over the weekend without a hard, firm signed deal. I dont think a lot of people expect that. But maybe a deescalation of tensions maybe an extension or a moving back of the goalpost will that be enough to satisfy the markets . Tyler, for the time being, anyway i think a win coming out of this weekend, given what you said, which i agree with, little expectation we get any kind of firm deal, is the fact we have some deferment of the application of tariffs, either at the 10 or 25 level on the 300 billionplus tranche of goods we havent yet tar livi he had. Talks at any moment could breakdown like we have seen before in addition to that, give one hope there is a path toward resolution so ultimately, it does what it needs to do to restore confidence in the Business Community that at the moment is melting and could have repercussions economically far beyond the tariffs that have already been imposed on those imports. Ironically, peter, if the if the trade talks dont go well, if there is more tariffs coming, its probably going to make the fed more likely to cut rates, which is also what the president wants. So theres as with so many things, he has a lot of balls in the air right now. Things that are unrelated are becoming related as a result of this and im sure the fed would tell you, no, thats we dont make decisions in that that simply but thats the biggest overhang on the back half of the year, isnt it the feds knee jerk reaction is always respond to any potential down turn in the economy, cut rates, cut rates. And theyre leaning on that again. Even though the bond market is essentially already cut rates for them, we have seen a sharp drop in mortgage rates, for example. So that cutting rates, i dont believe, is really going to help were going to hear about pushing on a string a lot once they begin but its still their fallback position, is to cut. And they are then obviously focusing on these talks, because they see whats going on in manufacturing. They see whats going on with growth rates around the world. And they know they have the potential slow down on their hands. And the worry is, what if this further spills into services, what if this starts to affect the consumer right. Which, by the way, we had a Consumer Confidence yesterday at a twoyear low so theyre going to have their finger on the trigger and theyre going to pull it but i do not think investors should be relying on that to save us. And thats going to separate the next ratecutting cycle from previous ones. Mark, talk a little bit about rates from where you sit is the if the economy is slowing, is the problem that the cost of money is too high . Well, i think were starting to see perhaps some evidence of that obviously, fed policy acts with a lag. So we didnt know subsequent to the last rate hike in december whether it was still at a level that was accommodative relative to the rsquared or r star that is the socalled new rate or restrictive now were starting to see, for instance, in the housing market, which is particularly sensitive to interest rates, not performing as well as you might have otherwise expected, given the massive drop in mortgage rates. And thats concerning. Its not necessarily at this juncture enough evidence to suggest that policy is, in fact, too tight. But at the same time, gives us pause on claiming that policy is still uber accommodative and not the headwind were starting to see in other areas of the economy. Interesting way to think about it i hadnt thought of it that way. In other words, let the market do the talking and let the market tell you whether the cost of money was too high or not we have to leave it there. Exactly. But on that insight, we appreciate it. Peter bookbar and mark lush eveny, thank you. Slack going to work. Shares soaring more than 30 since the market debut in the green again today on the back of a positive call at baird. Theyre saying the stock has more room to climb, about 20 . With us now is the analyst behind that call, bairds will power welcome. Good to see you. Kelly, good afternoon thanks for having me great to be back on my name sake show. Exactly power lunch. Tell us a little bit, if you dont mind, about how and when analysts initiate coverage on slack as opposed to the traditional ipo process. Yeah, kelly, good question. As you point out, it did take a different approach as opposed to the normal ipo approach. A direct listing which appeared last thursday. We were not one of the Financial Advisers so were clear to publish when we would like. The financial visors, as i understand it, kelly, are sticking with the normal 25day restriction. So i think theyve still got a few weeks until they can initiate but im unencumbered, so able to Start Talking about the stock. The more i hear about this, the more it sounds like an ipo by another name. But anyway, lets put that aside. So you did initiate coverage how do you describe its performance . Because were talking about its performance relative to the Reference Price set by the New York Stock Exchange. Is that a fair enough assessment you know what im saying what ends up being right the right way to talk about the number at which this Company Debuted . Well, thats a good question. Theres not a great benchmark. I guess spotify is really the only other Company Recently that pursued a similar model. Yeah, the reality is, it started trading in the high 30s. I think thats probably the more realistic benchmark in terms of Price Performance. You know, what we do know, though, looking back at the Financial Results of the company, they have put up tremendous numbers, right . Growing, you know, north of 80 in fiscal 19. Were forecasting close to 50 this year. And thats the key to the stock, is the business momentum but, yeah, the Price Performance and what the right starting point is, thats, you know, a debatable number. Is this one where you dont care that the company isnt making money well, you never dont care. But, look, this is a stock that you want to own for the longterm. We think its a Core Software holding and operates at a Disruptive Technology thats really kind of revolutionized and taken the Team Messaging and collaboration, you know, market by storm and so its more about that revenue growth, the business momentum and ultimately the longterm margin profile we think stacks up well, relative to the broader, you know, software group, despite the valuation so tell us how you arrived at a 44 price target well, thats a good question. Were using 23 times fiscal 22 revenue, which by most historical measures, would look steep. Of course, trading at roughly that multiple on fiscal 21, which shop analogous to calendar 2020 and some of the other high multiple sas names are up in that range names like okocta, zoom, the hil range. Kelly, for us, more about the business momentum and the opportunity for potential up side to estimates as you move forward. When do you see profitability . We have profitability several years out still. Important element, we expect profitability measures to improve. So were looking for an Earnings Loss of 42 cents this year dropping to an improvement of 17 cents the year after but a couple years out before they hit profitability and positive free cash flow. Will, thanks again. Appreciate you joining us. Will power on power lunch. Thanks, kelly. Coming up, bitcoin soaring again today. Highest levels in the yearandahalf. Facebook joining the Digital Currency craze bitcoin, 13,000 a coin not everyone is on board with it plus, what does it mean for netflix to lose one of its biggest draws. What will happen when the office comes off the platform. Plus, auto racing legend Dale Earnhardt jr. Will join us. Buckle up. Power lunch will be right back is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. Because the possibilities of life and investing are greater when we come together. Time for the power rundown Julia Boorstin in the hot seat today. Bitcoin up again today as we just pointed out above 13,000 up more than 200 in three months facebook entering into the Digital Currency world, seen as giving that sector a boost not everybody, however, julia, thrilled with what facebook is apparently calling libra yes thats right, tyler. Facebook brought in 27 other companies, organizations, nonprofits, to announce this new Digital Currency, libra, which facebook is not going to be are you noting but interestingly, that news came out last week the New York Times just came out with a report saying some of those 27 partners are not so enthusiastic noting the fact that in several of them were not willing to go on the record and actually be quoted talking about libra, you know, as a specific service they might be willing to use. And, of course, you have Companies Like master card, ebay, which may suffer if libra is successful. So you understand why they would want to be involved in the shaping of it. But there are questions about whether theyre that nu enthusiastic about it. We reached out to facebook they said theyre working with a lot of partners and have had a lot of incoming interest they do expect to have a lot of partners on board by the time they launch. But its interesting we have not heard from some of these companies, particularly the Financial Services companies which they would like to be working with on this so some Big Questions out there, especially when it comes to regulation right. What could happen in terms of regulating this currency. Moving on President Trump bashing twitter and big tech, saying theyre all democrats. This is not the first time that he has come out and criticized twitter for being biased against him in fact, this is not the first time a number of different people have come out and criticized both facebook and twitter for bias senator ted cruz criticized google, facebook and twitter for being biased against republicans. This is not a new critique, but it is worth noting it comes on a day that both facebook and twitter have been making big ifrts efforts to show not only theyre not biased but theyre going to protect their plat for instance and make sure their platforms are a place for civil discourse, as they say and not for the spreading of fake news, which is, of course, a huge concern as we get into this president ial election cycle all right and finally, netflix losing the rights to one of its biggest shows, the office, moving over, i believe, to an Nbc Universal platform, right, julia . Thats right. Nbc universal, cnbcs parent company, secured the rights to exclusively stream the office when that deal expires with netflix. Now, whats interesting here, tyler, its not just one of the most popular shows according to nielsen, the office is the most popular show on netflix, and if you look at netflixs sort of family of shows and what people want to watch on netflix, only two of the top ten mostwatched shows on the platform last year were netflix originals. Netflix absolutely relies on its licensed content if you look at three companies, Nbc Universal, cnbcs parent company, disney, as well as warner media, three companies that happen to be launching their own streaming services, those three companies compromised some 40 of all viewing on netflix, according to nielson. The stats are pretty staggering. It will be interesting to see how much more netflix has to invest in original content to compensate for some of those shows. In other words, those three companies are the producers of 40 of the viewing. Yeah, so they produce content licensed to netflix. And what were going to see is some of those shows start coming off netflix, like friends, warner media is launching its own service and we can expect friends will be exclusive to warner media and pulled off netflix. Julia, thanks so much thanks, tyler. Good to see you. Normally safe Consumer Staples sort of a tongue twister have been on a tear this year. Up 15 but as todays big drop in General Mills signaled, that party could be over. Trading nation will tackle that next. And a big move in the price of oil today and a lot o adnes. Well get the final trades as power lunch rolls on my degree from snhu has helped me tremendously. The flexible class schedules allowed me to go to work full time, run my catering business and be a mom and parent. When i reached this accomplishment, it was like, its here, its happening, its now. We at Southern New Hampshire university are the ones who succeed. We are the ones who break through. Your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. Welcome back to power lunch. Im mike santoli at the New York Stock Exchange could the party at the pantry being under threat consumer staple stocks sitting near record highs but General Mills getting crushed today after disappointing earnings, which is dragging on the whole sector bill baruch and mark tepper. Bill, looks like a bear market in cereal here is this something you would fight or try to essentially, you know, say no thanks to these consumer staple stocks. General mills is going through hurdles. I dont think its indicative of the entire sector. Look at this chart going back to 2017 you can see a divergence between gis and the xl peak massively. What im looking at, General Mills, more healthconscious consumer and healthier more natural options weighing on their sales. Not too much of a higher price point. But i still love xlp love this sector the Global Growth is not really that great right now and i think that favors the defensive sector overall, the chart looks really well too and you can see on the chart, it did break out earlier this year and retested the breakout. So i think you have a great floor at xlp at 55 also the replacement im long for 55 until it breaks down below there all right and mark, its a good reminder that the Consumer Staples sector is not just grocery stocks, necessarily. Its also got walmart, costco. So how do you treat this sector at this point in the cycle and what names might you like . So broadly, from evaluation standpoint, its really tough to get excited about Consumer Staples. Because youre paying twoandahalf turns more on the multiple to own a sector growing at a quarter of the pace of the broad market of the so this rally has been about a riskoff rotation since september 30th of last year. With regards to General Mills, the growth just isnt there and were not crazy about their portfolio. Their quarter was in line to slightly worse and theyre experiencing declining volumes, which isnt good so you need to be selective here so one name we do like is pepsi. Most people think beverages when they think pepsi actually, our favorite business is fritolay snacks is a theme worth playing, and fritolay is a giant thats going to drive nearterm performance for them sectorwise, if you get a trade deal, you see munroe at a time out of staples, so i wouldnt be buying the sector, i would like for specific names. All right so the Healthy Options weighing down General Mills but doritos make pepsi a guy gold it. Bill and mark, thank you for joining us today for more trading nation, head to our website or follow us on twitter at trading nation. Ahead on power lunch, the race to 2020 the big Economic Issues in the spotlight in tonights democratic debate. Plus, get your engines ready. Dale earnhardt jr. Will join us live, to talk about the new second half of the season for nascar. And this is becoming a hot new investment play in housing all this and more when power lunch returns. And now, the latest from trading nation. Cnbc. Com and a word from our sponsor. Different sectors tend to do well during different periods of the Economic Cycle when the economy is expanding, industrial and Technology Stocks have historically outperformed the Broader Market however, when the economy is contracting, more defensive sectors, such as utilities and Consumer Staples, tend to outperform im lee bohl and schwab is the better place for traders im courtney reagan. Here is your cnbc news update. Social Media Companies called capitol hill to share how theyre fighting the spread of misinformation online. Executives from facebook, and google appearing before the Homeland Security committee. Misinformation is a problem before the 2020 elections. This is something we have to get right and were especially focused on what we shib doing with increasingly sophisticated manipulative media former israeli minister forming a new party with the aim of deposing Benjamin Netanyahu he called for an end to netanyahus corrupt leadership. R. Kelly back in court today. He pleaded not guilty to 18 felony Sexual Assault charges. The hearing focusing on the discovery of a videotape from the 90s that allegedly showed kelly having sex with a teen thats the cnbc news update at this hour. Tyler, over to you. Thank you very much. Oil market closing for the day. Eric shemmy covering it. Oil rallying, hitting its highest level after a massive supply drop. U. S. Crude inventories falling by 13 million barrels, the biggest drop in three years. Add to that the ongoing tensions with iran. President trump saying today he hopes we dont have a war with iran, but it would not last very long with the gains today, crude getting closer to exiting bear market territory still down 22 from its october highs. And finally, gas prices you can see right here gas prices rallying today after news that that philadelphia refinery damaged by fridays fire will shut down within the next month back to you guys. All right, eric, thanks very much. Meantime, 20 democratic president ial candidates will debate over the members two nights down in miami so many candidates, so many issues, elon moy is down there for us shes going to break down the matters. Kelly, there is a reason this is being called the policy primary. The candidates have gone deep on a lot of different issues, of course, there is Elizabeth Warren who has proposals on everything from breaking up big tech to election security. Thats one that just came out this week. Meanwhile, Amy Klobuchar already has put out her agenda for her first 100 days in office, assuming she gets elected. And jay inslee has a comprehensive, fourpart proposal to tackle Climate Change but are any of these issues actually resonating with voters . We talked to a few ahead of the debates to see whats on their minds. Campaign finance reform would be one of the big issues. I want to know about Health Care People of my age whats going to how theyre going to take care of the elderly people. I would be interested to hear their positions on Climate Change and environmental regulation in fact, Climate Change topped the list of the issues that democratic voters want to hear about in the debates over the next two nights. According to the latest poll from morning consult, 63 of voters say its very important that the candidates address this issue. Not far behind that, implementing medicare for all. 54 of voters said thats important. Guys, what isnt as important is President Trump. Less than half of voters said that they feel taking on President Trump is apriority i these debates. Back to you. A lot of interesting stuff in here thanks very much, ylan moi lets dig deeper joining us is sarah fegan, former political director and george w. Bushs white house and christie setzer and john harwood, also in miami sarah, it was actually i was very surprised and interested that the number one issue appears to be health care. This this is in separate numbers ylan was talking about earlier. Why health care . Is it specifically driven by medicare for all what do you think . Well, i think its multifaceted but health care has dominated Democratic Politics for the last really big part of the last decade when you think about obamacare and a lot of that not working and republicans, of course, trying to dismantle it, in part with good reason in the 2018 election, that was by far and away the Biggest Issue people voted on, was health care. And its what all the candidates ran their ads on so it doesnt surprise me that its extending to this debate tonight and this race. Sure. I would expect, though, that m medicare for all will be the dominant issue in this primary and really in general, as well. And christie, to see Climate Change also polling so high, do you think tonight will be democrats talking to democrats especially progressives in their party, because this is a primary and they stand out on that extreme . Are they going to potentially alienate some of the independents from supporting President Trump, right im certainly not sure that talking about Climate Change is going to alienate anyone that would not potentially already be a democratic voter. Look, i believe that its an issue we can talk about in terms of how it affects the economy, how it affects National Security you know, look, i think that that is an issue in particular that theyre going to find broad support on generally speaking, sure democrats tonight are going to be talking to other democrats. Thats why they signed up to are this thing thats, you know, the conversation that were going to be having for, you know, most of the next, what, six months theyre going to be looking at a couple other things too. Theyre going to be looking at how the people on stage are going to line up in terms of being able to take on donald trump. Thats going to be a tone issue, i think. And theyre also going to have some issues like, say, some of the ones we talked about breaking up big tech that are clearly crossover issues, too. We can think about them as democratic issues, about but theyre really not but john, i didnt see breaking up big tech polling very high. When ylan was talking about wha voters were looking for. I wonder how much of this will be shaped by the top one or two concerns and how much we will hear about the president well, i do think theres going to be an awful lot as christie indicated, of basic introduction remember, if youre Amy Klobuchar, you know that democratic voters around the country just dont know you very well at all. Same is true even for somewhat better known people like cory booker or even beto orourke theyre going to try to make an initial impression, initial connection with voters and i think the frame of the debate in terms of issues is going to be the positions by Elizabeth Warren, the leader in the overall race and also leading in the polls among the people on stage tonight. And shes talked about, say, breaking up facebook, cory booker does not go there booker, orourke and klobuchar are sticking out somewhat more moderate positions the 2 wealth tax. Cory booker is not for the wealth tax so you see a span of democrats, people are going to try to slot themselves in, are you leaning more toward the more aggressive side of the progressive set of arguments or are you going to be more in the month moderate ramp like booker, orourke, klobuchar and joe biden, who will be on the stage tomorrow. And speaking of biden, sara, do you want to be joe biden the first two nights or not be joe biden . Well, hes in a very difficult position right now as the front runner. And he only really has one way to go, i think and i would expect that tonight will tell tomorrow night if beto orourke and cory booker are aggressive, were going to see that in spades tomorrow night. Bernie sanders, you know, is gunning for that top slot in the primary. And hes going to have to, you know, take apart sort of joe bidens moderation in the Democratic Party and more importantly than even bernie, its all these other individuals, these, you know, call it 16 other individuals who nobody is even speaking about right now. Who have to find a way to break through. Or theyre not going on the stage later this year in these debates. So i expect fireworks to fly and thats somewhat unusual in president ial politics. Normally you would get through two or three debates before you would see people taking shots at each other. Let me ask you each to give a quick answer of who and why to the following question christie, you, john, then sara of this entire roster of democrats, who do you think could be the sleeper to emerge from these first two debates, the way trump did in the debates four years ago who would the sleeper be, christie yeah. So, lyn listen, we have already a number of different boomlettes we are over beto orourke. Mayor pete might be at the end of his boomlette Elizabeth Warren boomlette right now. Obviously, whoever is going to break out tonight is going to be probably not one of those people ill put my money again on jay inslee, because, again, as we just said, climate could be a real breakout issue for these people and if i could have one more, im just going to go cory booker all right john, who do you say who is the sleeper who might break out tonight . Well, i would be watching if youre talking about over both nights both nights, yes. Kamala harris of california yeah Kamala Harris has tremendous up side in the race a lot of potential she has not performed up to expectations so far in terms of her poll standing. Seeing people like Pete Buttigieg much less known at the start pass her in the polls. And in some of the attention that hes gotten for his performance. So im going to be watching to see if she galvanizes democrats tomorrow night and shell have that opportunity with the big dogs in the race, Bernie Sanders and joe biden. Sara, you get the last shot who would who could emerge . Ill going to be watching Amy Klobuchar. She has a very mild manner she is a moderate, yet as a female, as a midwesterner, she checks all the right boxes and i think you could see a scenario where if you remember in the republican primary, last goround, Carley Fiorina was always on the junior stage and ultimately made it to the big stage, because she was very clever in these debates and you could see someone like Amy Klobuchar not getting the nomination but maybe doing a little better, ill. Ill be watching andrew yang. Guys, thanks good to get your thoughts. Well see what happens over the next two nights. Sara, christie and john. Catch the action at 9 00 p. M. No, its 9 00 9 00 p. M. Too late . Too late. Too late. Make it 15minutes nbc news, msnbc and telemundo. Coverage continues tomorrow night. And the calls to raise taxes on wealthiest americans are growing louder by the day. The only surprise, now those calls are coming from the wealthiest americans themselves. That story coming up but first, were about to be joined by nascar legend, Dale Earnhardt jr thats next on power lunch. You should be mad that this is your daily commute. You should be mad at people who forget theyre in public. And you should be mad at simple things that are unnecessarily complicated. But youre not mad, because youre trading with e trade, which isnt complicated. Their app makes trading quick and simple so you can strike when the time is right. Dont get mad, get e trade and start trading today. Nbc sports kicks off its 2019 nascar coverage this weekend. The Monster Energy nascar cup series begins at 3 00 p. M. Eastern time with the camping world 400. Our friend Marcus Limonis with that Dale Earnhardt jr. , welcome, good to have you with us and eric chemi, who covers sports business, and also a nascar fiaficionado here as wel. How is the transition . Do you miss racing sure, yeah, of course i miss racing and i think thats good and healthy to miss it a little bit especially up in the booth im a race fan i started out as a kid going to the races with my dad. Ive been a fan all my life. I got to be a race car driver for several years and enjoyed that and so now im kind of going back to being that fan and i think that that missing it, being a fan of it, being excited about what im seeing, helps me a lot in the booth. You know, because the the energy in the booth is critical. And you want to muwatch a race d listen to people who are excited about what theyre seeing. And i think the broadcast booth and broadcasters have a really important responsibility to bring their a game every time theyre in that booth. I want to let eric jump in. I want to ask one more question. If there was one thing that you would tell of your that you guys just dont understand about nascar, what would it and being on the track during a race, what would it be because its more complicated than just driving around an oval or in some cases a course. Yeah. I think that the one thing that we try to, you know, stress to our viewers is number one how uncomfortable it is in those cars at this race last year, the temperatures inside the cars were 150 degrees. Oh drivers are in there for threeandahalf, four hours, running these races. Theres no halftime. They dont get a break to go back to the locker room. Theyre not no chance for them to go to the sidelines and get refreshments theyre just in these conditions that are terribly uncomfortable. Miserable. For hours. The cars are hard to drive theyre running these cars at the limit of grip. Theyre driving the car to the limit of the tires, to the limit of the mechanical and aero grip that the car provides. And its just a real difficult challenge. You know, the best the best thing i can do is, you know, give throughout the year, were able to give ridearounds where we get people in a twoseater with us and that gives them a good perspective. And were not going nowhere near as fast as these guys go on sunday in chicago. And it gives a real respect for what theyre doing on the racetrack and how tough those conditions are eric . Dale, your grandfather race, your father raised. Nascar is your Family Business if you were in charge of nascar, what would you do to get those numbers up, get those ratings higher, get people back, butts in the seat. You know it from both perspectives as a fan, as a viewer, as a broad caster, as a racer. What would you do to change it well, you know, i think that we have people are going to come to the racetrack. They want to see a great race. But theyre going to come to the racetrack because of the personalities, because of the drivers. What makes the sport so great are the names. The recognizable names the polarizing figures and the wild and extreme personalities and we have those. We have those drivers in our sport today. And i think as you know, its the sports responsibility, its the networks responsibility everyone holds a little bit of a responsibility to showcase who these drivers are. Not just on the racetrack. But who they are as individuals, as people. And so whenever we get an opportunity to introduce a fan to a driver and tell that fan a little bit about that person, find some common ground, some things that they may have in common really helps to sort of connect them that brings that person to the racetrack to see that driver that specific individual compete. Theyll hopefully see an amazing race while theyre there but theyre going to show up and be at that track, because of that one driver, that one that driver whose tshirt or hat theyre wearing and willing to go buy off the souvenir rig. So its all about just creating these, you know, dynamic personalities or showcasing these dynamic personalities. We have them in the sport. Weve got great veterans, guys coming in. And we just need to tell their story. And hopefully these fans are going to fall in love. Dale, youre the most popular guy. Its like jason witten going back to the cowboys. Is nascar going to have to pay you money to leave the broadcast booth, get you back in the car seat because youre the most famous driver, lets face it. Well, my time has come, and theres new guys, theres old veterans chase elliot i mean, i dont want to put that responsibility on one driver but we have a lot of interesting personalities in the sport that i think fill that void rather easily and theres no amount of money thats ever going to bring me out of the booth back into the race car. Were writing that down, dale no amount of money i promise you that. All right weve got to leave it there, dale thank you very much. And were glad youre part of the nbc team and well be looking to see a lot of you absolutely. Thank you guys you bet you can see dale in the booth from Chicagoland Speedway on sunday thats 3 00 p. M. Eastern on nbc sports if youve ever been to charlotte, go to the nascar hall of fame. It is really cool. And the coolest thing, they have a display there that shows how steeply banked yes its like a roof oh, yeah. Talledega you cant imagine that the cars can hold how steep that thing is. I think if people just went and saw a race in person, if they havent. My goodness. Thats why this race is in chicago. 20 years ago, there werent races in chicago they expanded it so it wasnt just in the south and it was in chicago. Las vegas so gnoma that was the idea. I know. Really fun. Nascar hall of fame. Well put it on the list. Tasting menu is next todays special include wayfair employees walking out, having a budget crisis. And a new sport breaking through to the olympics. Back in two. I dont know whats going on. Ive done all sorts of research, read earnings reports, looked at chart patterns. Ive even built my own historic trading model. And youre still not sure if you want to make the trade . Exactly. Sounds like a case of analysis paralysis. Is there a cure . Td ameritrades trade desk. They can help gut check your strategies and answer all your toughest questions. Sounds perfect. See, your stress level was here and i got you down to here, ive done my job. Call for a strategy gut check with td ameritrade. All right. Time for our tasting menu. Check out this new video wayfair employees walking out of the boston headquarters today, protesting an apparent 200,000 sale of mattresses and bunk beds to a federal contractor managing Migrant Detention Centers along the southern border. Wayfair shares tumbled 5 yes as employees announced the walkout plans, but the stock is rebounding today, an example, i suppose of just how incendiary the Immigration Crisis has become. Medina, a small subyou are projeff bezos and bill gates live, medina is running out of money. By law its not allowed to increase the tax revenue by more than 1 each year. They only keep 8 of the property taxes in the city anyhow they have written a newslet begging people for an exemption. For a 2 million home, the increase would only increase taxes by 400 a year so Washington State has what residents say a pretty messedup property tax system. Could somebody plead a donation break dances on the verge of becoming an olympic sport. Its not quite a done deal it does seem fairly certain at this point the ioc says it will help the games to be more youthful, more urban. Is it a sport . If rhythmic gymnastics can qualify, maybe i dont know. Im a traditionalist, the more they increase the tent, the less interesting. But who knows . Maybe ill be glued to my tv watching it in a couple years. Well see. Real estate investors are so hungry for homes to research theyre partnering with builders before even the homes are built. Reporter distressed homes have tied up, and investors are turning to builders in a big ways and builders are responding erc Home Builders is offering Investors Private shares in a soft ipo, hoping to raise 100 million to build more than 1,000 rent at homes across florida theyll be sold in bulk to big investor investors. Its an interesting perfect storm, the matching of consumer demand, feeding the investor demand to fill this new concept of housing. The buildtorent business is exploding. Several companies, including big names are ditch into it. Thats just homes that were hal by the builders. Thousands more were sold to investors. For investors buying new means no repairs, multiyear warranties, and the rent for single families are growing fast theres much less turnover in single family. Diana, thanks. Another billionaire volunteers to pay higher taxes, speaking of which. Thats next on power lunch. Theyre changing by the nanosecond. Thats why cognizant created a unique engineering approach to design and build new digital products. Learn how cognizant softvision designs experiences and engineers outcomes. Cool. Cool. Through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From finding out whats selling best. To managing your fleet. To collaborating remotely with your teams. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. More wealthy americans are joining the call for higher taxes on themselves. Robert frank has more. A billionaire who doesnt live there the founder of kb homes says its time for rich people like him to pay more taxes. He said the system of opportunities that helped create his fortune is no longer working for Many Americans he says its time for an annual wealth tax he says dont get me wrong, im not advocating an end to the capitalist system that yielded some of the greatest gains and inoy investigations he didnt give specifics or endorse any candidates, but he. Soed broad, mott greenwich greenwich . Youll heal more tonight. Robert, thanks. And thanks for watching power lunch. Closing bell is right now and im wilfred frost good afternoon lets get to what is moving the action, and treasury secretary telling that its a path to a trade deal lets economic in on the Market Action we essential flat with just one hour left to trade, but quite