Recently as the country reopens, arizona has been easing lockdown restrictions over the weekend on salons and on restaurants. The mayor of scottsdale will join us. Kelly, back to you as you mentioned, tech stocks are out performing today once again as the market climbs back toward record highs but a number of other sectors have been left in the dust. Bob is here with more. Bob. Lot of disparities out there. Its not everybody up. I want sthto show you the s p 5. Were trying to breakthrough multimonth highs. The s p 500 moved up off of that if you want to keep an yien that because were knocking on the door there of breaking out here. I mentioned the laggards efb says the s p is only 12 off the highs. Bank stocks have had a very ugly time 40 off of their recent 52week highs. We have seen energy stocks, 30 off of their 52week high. Theres been a lot of sector laggards out there industrials 25 . Reits, 24 cyclicals all lagging here out performers, mostly lets call them defensive names. Consumer staples and health care have been good performers. Tyler talked about the meg cap numbers. Most of these are within shouting distance of new highs in most case, historic highs microsoft is only about 2 off of its high. Back to you. Thaupg thank you very much yields are moving higher rick is here if you look at a oneweek of the threeyear notes which we just option, 42 billion of them, you can see friday was the intraday all time low yield at 15 basis points. We have padded that a bit as we move higher. Most of the action is on long end. When we think about markets, you have to think about volatility like the vix ten year notes, ty vix, treasury vix is very important. Market has been pretty calm as of late. Tomorrow well have our 32 billion of tenyear notes to be auctioned. Here we sit around 71. The instra day high was 74 basis points anything above 70 will be a fresh, one month high yield close. Tyler, back do you rick, thank you very much. Its been so far a quite choppy session for stocks after ending the week higher last week, that is as investors get a little more jitterj today about more States Reopening in fears it may be too soon and some might go back and close up. Earlier on squawk box the investor Paul Tudor Jones weighed in on his biggest concerns about the market now. There will be a shift in focus from liquidity issues somewhere down the line to solvency issues and if we start seeing, if we dont find a vaccine or a cure, if we dont find a much better way of testing at scale for the population, so that we can get back to work and we start seeing daily doses of bankruptcies and other insolvencies then i think the market will have a much more difficult time Paul Tudor Jones there. Gentlemen, welcome to both of you. Michael, i want to begin with you because you Say Something interesting in the phrasing and i think its something that jack agrees with. You say the worst is behind us in the equity market but you also think that the best is behind us too. Stocks have made a strong recovery since late march. Explain what that means for as we have been calling it the path forward. Sure. The market staged a huge rebound since the end of march we suh seen credit spreads tighten up its importance to knowledge while we have seen a big move in equities to the upside, the flavor of it has not been very much led by cyclicals or fall value. A lot of investors anticipate that will happen my point about we have seen the best move already behind us is to say that usually thats when that happens thats when you see small caps lead its susually off the bottom whe the markets are over sold and you get rebound over something that was quite disasterous but it turns out to be not the case. I think Going Forward here well be digesting a pe of now 22 times forward earnings for a while while we see how the evolution of the economy returns back to normal yeah, its safe to say that the market is predicting an economy that comes back to normal or Something Like it relatively faster than some people are saying. Jack, you Say Something sort of similar to what our other guest said and thats the worst is behind us but there are going to be some disappointments ahead mostly related to the halting nature of reopenings but its got to take into account the halting nature of return of corporate profits. Who really knows yeah. Thats it. I agree with michael i agree with Paul Tudor Jones also that if you look at equity assumptions, you look into whats built in equity markets its pricing between most likely case and best case if we can pull everything off then equity markets justify where they are today on the flip side, im writing about this, whats going on on wall street and whats going on main street. The fact the fed has injected nearly 30 of gdp into Capital Markets is one lever thats allowed stocks with access to the Capital Markets an advantage over just every Day Companies on main street. I think a lot of investors are relieved that the markets have come back as well as they have the damage to individual portfolios has been mitigated, to use the word of the year, perhaps. Lets say i am there and i am grateful and i want to protect my position now. How can i hedge smartly in my portfolio against another precipitous drop i want to hold onto my recovery and i dont want to jeopardize it whats the smart way to hedge . You were mentioning how volatility was normalized. The vix level has come down so its cheaper to protect the fort folal portfolio with options a month or two ago anything, the sectors that we think will continue to provide the best buffer against what i agree with what jack said is staggered short sided recovery with openings and closings will be the companies that can offer visibility throughout that period thats why Growth Strategies have continued to out perform. They are providing investor something they dont have which is visibility and path to growt even under various scenarios over the six to nine to maybe 12 months as we figure out the virus. Technology as crowded and rich as it is, fundamentals are the reason the valuations are high i would not go into value or under performers of the past month or year as a way to protect the portfolio. All right we have to leave it there. Jack, i dont know where you are but youre in the running for best backdrop of all i appreciate it. Kelly, over to you in my dining room thanks thats some dining room, baby exactly as america begins the process of ropings, companies are moving forward with a new reality for their employees. Lets get to Bryan Sullivan with more on that for us. Good to see you here is the headline Many Americans are afraid to go back to the office luckily many of us will not have to go back any time soon just got off a call hosted by the consul tants firm about what koerpt finance leaders see going on with work, the workplace and state of business right now. Some very interesting findings f there was a lot. 51 of workers surveyed said they were likely to not go back to an office even if they were asked to because they felt they could possibly get sick. Think about that half of the country, you need to come back to work. No thanks. Whats the legality of forcing an employee to come back when he or she may not feel safe we might not have to worry about it 43 of the cfos surveyed said they are ready to make those whose roles allow it permanently. We tried this 15 years ago and apparently cfos are ready to say you want to stay home, you can what about other factors when we can get back normal and how it will impact the core business and investing more results nearly 60 of cfos say it will take three months to get back to business as usual. That will impack Business Investment and spending. 58 of cfos are considering cancelling or delaying investments and 83 , im surprised its not 100 , said they are look at changing workplace structures how we work. The desks all crammed in that should be 100 . Core business could be tough 55 of cfos see sales of profit loss greater than 10 this year. You have 31 seeing layoffs in next couple of months and 80 are considering more cost cutting measures a lot of numbers there a lot of numbers lets bottom line it we have months to go before we get back to normal two, companies will tighten their belt on spending and three, the you out there, may be working from home longer than planned. Sounds like half the people out there want it. They want to be home until they feel 100 safe how are you doing at home you liking it . I miss all you guys i miss yall the commute is a lot better. Ive lost 25 pounds. Mostly due to stress and just running around my yard like a dog. I look forward to the day we can all get together again more stress or less stress. Three Virginia College students here. We can talk about football and whatever else again. Doing all right. Miss you guys. More stress or less stress . How did you lose the 25 . A lot running lot of biking when i can social distance approved exercise healthier eating no commute and yeah. Having stress for dinner also waking up at 3 00 in the morning. Trying to go to bed early and stay healthy im down a few belt sizes. I guess thats good. Coming up, health care tech, Consumer Discretionary stocks helping the lead the s p into positive territory for the day government stimulus creating a Fertile Ground for coronavirus related scams. Well tell you who is being targeted how much money is being lost and whom right after this quick break. Well be right back. Flexshares may look like other etfs. But inside. Theres advanced research, modeling and refinement. Constructing funds that dont simply follow an index. But explore new terrain. Helping you fill portfolio gaps. Connect to client goals. And strengthen confidence in you. Flexshares. Powered by over a century of investment expertise. Before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. Welcome back stimulus checks have had an unintented consequence huge rises of case in fraud. Theres been so much uncertainty and misinformation around this virus. Its no surprise that bad actors are trying to take advantage of that the fdc has fielded more than 40,000 consumer complaints related to coronavirus theres real money at stake. 28. 5 million has been lost to fraud. The median cost of each scam is 500 coming out of your wallet joining us now to talk about how the agency is trying to fight back is andrew smith who is head of the agencys department of consumer protection. Thank you for joining us today tell us where the action is right now. Are there Certain Industries or sectors youre hearing consumers complain the most . We started out with these Companies Making spurious Health Claims for their products. Saying their products could prevent, treat, cure covid19. Were continuing to see a lot of that were seeing scams around Small Business financing or government checks a lot of robo calling. Online retail fullment issues. You order your n95 masks and they never get shipped to you. Its variety of scams. I suspect that as the pandemic and the crisis evolve, were going to see new scams scams surrounding financial distress, debt relief, mortgage relief and the like. You mentioned the Small Business loans that the government has given out, the stimulus checks. Theres been so much money flying out of washington so fast, how are fraud ststers tryg to exploit that . What form are they taking . We brought a federal court action that billed itself as an sba lender it wasnt able to provide the ppp loans. They were collecting application information from thousands of Small Businesses the injury there, what we allege is that the ppp money ran out relatively quickly and these companies, these Small Businesses wasted a lot of time on an application that was never going to work. We got a court order telling them to stop we have seen other similar Scam Companies pitching them ining ta Small Business lenders when theyre not and unable to participate in that ppp program. Tyler mathison here im wondering are you seeing a rise in scams associated with Charitable Giving to causes that might purport to be First Responders or front line workers, hospital workers and so forth . Any rise there we always have a fair number of Charity Scams i would say in those 40,000 overall reports, we have a number of charity reports. Its not the sort of top ten issue yet but maybe as the crisis evolves what we see in the charity area is that there are organizations purporting to be charitable and they get little or no of their proceeds to the charitable cause that they are purporting to support. Its not necessarily an outright fraud where sort of rip and tear fraud where the company is where the Charitable Organization is just taking the money and absconding with it its more they are giving very small amounts to the charitable causes and we allege thats a misrepresentation to consumers and they should be giving their money elsewhere. I would say with respect to charities that people shouldnt be afraid to give. That we are we and the states and the bbb are out there monitoring charities actively and people should feel confident in giving to Charitable Organizations that they there are various websites including a bbb website that can that rates charities and you can see, make sure to check that before you give money to a particular charity. Tfinal question you mentioned you did bring a lawsuit against the company purporting to give out ppp money. A lot of what you guys have done is wriets lte letters some would say youre not being aggre aggressive enough. The warning letters work. With these letters we have been able to get companies to take down claims in less than 48 hours. If we were to go to court, it would talk a cke a cup of weeou get on the calendar. Were able to stop the harm before it happens. Andrew, thank you very much for joining us today tyler, back to you thank you very much. Still ahead, States Reopening despite coronavirus cases climbing around the country. We will talk to the mayor of scottsdale, arizona about his plan to reopen and stay that way. Plus, the transports sitting out the snap back rally from the lows still down nearly 30 from their highs. We will tell you why it would spell trouble for the markets more broadly much more power lunch right after this machin heres the thing about managing multiple clouds for your business. 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. All right, lets go over to sue for the latest on the coronavirus. Hello, everybody. Heres whats happening at this hour new jersey governor says his stats state is making progress against the pandemic with 59 deaths and fewer than 1500 new cases since yesterday. He says the state still needs federal aid to maintain its progress no one had asked for a bail out and no one will. What we are asking for is the ability to prevent the Public Health emergency were trying desperately to climb out from into a second Great Depression in illinois, the governor and about 20 of his staff will be selfisolating after one of their colleagues tested positive they have since tested negative. A new study from the cdc says thousands more may have died from the virus in new york city than previously thought researchers say between mid march and early may about 24,000 more people died in the city than expected. Thats about 5300 more deaths than have been attributed to covid19 you can get more on our coronavirus coverage by heading to cnbc. Com. Back to you. Thank you very much. Lets go to seema moda for trading nation transports still tracking for their worst year even with the group in a a Holding Pattern over the past month is the stabilization before breaking higher or the pause before another decline. Trading nation team today. This sector facing a number of challenges but do you see opportunity down the line . Its hard to be opportunistic in this sector the outlook was negative even before the crisis. We were going into a natural slow down. You normally see transporpts follow that. The outlook was bad. Given this crisis its gotten worse. What do the charts show you we think the bull markets are under way. Thats ports are attempting to bottom theres two concerns that keep us away. Number one the tracking etf consider damage below its december 2018 low at 156 and two, we think its quite telling that transports under perform into their initial january peak. They under performed into the march low and theyre still under performing on this market snap back. Names like u. P. S. And most thanks very much. The path to reopening. What if you open and no one comes. The challenges facing restaurants. Well get into that. Casinos in south dakota have opened and people did come they wor masks they played at every other slot machine. The mayor of scottsdale will talk about how hes going to get his city back up and running stay with us remember you can always watch or listen looiive on the go on our cnbc news app. Woman my reputation was trashed online. I felt completely helpless. My entire career and business were in jeopardy. I called reputation defender. Vo take control of your online reputation. Get your free reputation report card at reputationdefender. Com. Find out your online reputation today and let the experts help you repair it. Woman they were able to restore my good name. Vo visit reputationdefender. Com or call 18778668555. Across america, Business Owners are figuring things out. Finding new ways to serve customers. Connect employees. And work with partners. Comcast business is right there with you. With a network that helps give you speed, reliability and security. And enough bandwidth to handle all your connected devices. Voice Solutions Like remote Call Forwarding and readable voicemail. And safe, convenient installation. When every connection counts, you can count on us. Get the connectivity your business needs. Call today. Comcast business. Welcome back oil market closing up for the day. Dom has the latest the turn around in stocks hasnt worked out its way in Energy Markets you have u. S. Benchmark wti prices for june expiration 24. 32 cent. Brent crude prices for july expiration, 29. 71 prices were higher earlier in the session helped along by headlines out of saudi arabia after middle east Oil Producing country said it would produce Oil Production by one Million Barrels per day. That brings total cuts to 4 barrels per day. They would cut further as well but fears over fuel demand destruction due to the coronavirus pandemic still loom large for the entire market. Oil prices remain under pressure back over to you dom, thank you so much. The big question as States Reopen or start to reopen, what if nobody comes. Youre open but no customers kate rogers looking at the challenges and they are many that the Restaurant Industry faces. Americans are cooking more males f meals for themselves about 70 of meals are being made in their own kitchen. Some are turning to take out and delivery no surprise here pizza and fast food taking the top spots for those ordering out. When asked about preferred methods respon dents opted for drive through, curb side and take out third party ranked last. For the 35 who said they will cook at home even more after crisis, they have their work cut out to entice diners back in 57 of respondents said reducing prices or offering coupons would encourage them to offer delivery or take out. A lot of brands were reporting how strong it was prior to this out break. As things get back nor malg, how quickly will consumers come back in i know my own personal starbucks did open up this past weekend. There were people looking like they had pent up demand. Remains the be seen how quickly consumers flock back to the brands they have been missing. Back over to you i will do lunchtime pick up i love the curb side, the contactless thing, like you mentioned. Last night, i thought, its mothers day ill take a night off. Well get pizza. It was still such a hassle i thought this is why its not enjoyable anymore. We we have the kids. It takes a lot of different factors but i dont think well be going back to a restaurant for a long, long time. Drive through will become even more important in brands that have leaned into that brands that are implementing contactless delivery domin dominos, papa johns. I would hit that chipotle that i can nt wait. Thanks very much were taking a closer look at how all states are faring. Were seeing some emerging trends as government officials are trying to balance the state of economy, arizona, since they started making moves to reopen on may 1st, the state has seen a 45 increase in cases. Testing has also increased almost doubled its up by 92 in arizona with 8 of total tests coming back positive despite the rise in cases, the stats the state is reopening coffee shops. Mayor, welcome thank you i wonder if its trying to figure out whether the increase in cases is a direct result of economy reopening. We know thats sure to contribute in part or as a result of increased Testing Capacity for the first time we have that. How do you figure that out obviously, theres bit of a disconnect with regard to the number of cases versus what were really trying to tamp down in the beginning that was a demand for Health Care Services so we wouldnt become overwhelmed and create another potential crisis as to where we are going with this and that is the infection rate its been the clearest i understand indicator for us and the death rate which follows the same trend line. Youre saying the most important metric is not the number of new coronavirus cases that scottsdale has every day. Youre saying the most important thing is how much is the Hospital System being used by coronavirus patients as long as its low enough that it can be dealt with then youre comfortable with the gradual reopening. How far how is that progress going because its obviously going to take a couple of weeks to see the full impact from things starting to reopen. If we were to test basic from stand poibts of safety, that doesnt mean much. It does identify someone who may still have the pro teen and may have had it and have overcome it or asymptommatic and not going to require the care. Just developing the number of cases doesnt tell us what we need to know with regard to the mission. The mission was to make sure whatever spike was coming upon us with the infestation and the transmission, person to person, that it could be tamped down the spike could be made to a lower curve so we didnt have another disaster and thats people not being able to receive care we had up to 6,000 beds available and we never used more than 500 theres and even icu beds we tracked as well. Both of them are trending way down and frankly never came to a point even with the elevated level that we once experienced thats interesting. A different way of looking at it i think of scottsdale as a pretty kind of upscale community. I think of a lot of people who lived there part of the year maybe even come from the tristate area which has been really hard hit. Are you getting transmission back and forts are you thinking about any changes to say to people maybe this year you stay here year round or anything like that . Im not quite sure. Stay year round . Right do you have snow birds, so to speak . Yeah and some of them have stayed those people who are here, the snow birds either extended their stay into an unatraktractive ti for them to be here in the heat of the summer. I havent known we really monitored that but i personally know people that did stay and people that are coming back early, depending upon the level of opening up. Were looking at that as a potential plus talking earlier about the audience of people who will use the facilities whether they are salons or retail sales or restaurants. You any we have our marketplace is heavily invested in tourism and frankly second homes and to some degree as well retirees its a place that people want to use theseamenities on a larger scale. It will be some come back as far as people who are just concerned particularly those most vulnerable and developing protocols for those industries and those businesses to make sure that they are secure as they can be. Understood. Thanks for joining us today. Youre welcome. Thank you for having me. Appreciate it cnbc Big Health Care summit is tomorrow with a great line up of guests. Tyler. We have more coming up right now. Ka scaseinos in a coronavirus w. Masks at the table more space between slot machines, face shields for dealers. What can vegas learn from south dakota elon musk threatens to leave california as he sues to reon faorcty. Pe well be back with more on that. Casinos are reopening in south dakota as las vegas begins to get ready to reopen its casinos as well. Contessa takes a laook at the changes theyve had to make. Deadwood, south dakota last to close, first to reopen and now with social distancing rules in effect. Masks are not required except for table dealers who cant maintain that six feet of distance two seats at the table, four players for poker and craps. Slot machines faced two between gamblers and stickers when its been sanitized the Companies Say business was 15 to 20 higher than typical this weekend occupancy at their four hotels, 85 to 90 . I think cabin fever is real and people wanted to get out and experience gaming again. Nevada casinos are still close but william hill got permission to operate drive throughs so people could open mobile accounts or deposit money just in time for the fight there were people that were keyed up to bet. I think its the only game in town coupled with the fact folks are spending a lot of time at home so successful william hill will offer more drive throughs ahead of the nascar race this saturday. People really eager for any kind of sports. I had no idea they were doing those drive throughs i guess i shouldnt be surprised. You couldnt do it online. I dont know i want to go back to the physical casino experience which we have been thinking a lot about. Spacing people at over eevery o slot machine and the table with people on with masks on seemed pretty crowd i wonder if people are trying to social distance. You know whatever it takes we just want to be here and kind of to heck with it caleb said he could tell people were nervous on thursday when they first opened the doors and looking at each other weird. As they started to relax and enjoy themselves, he could see a difference in the feeling. He said its going to be key for all these other operators, how clean is it and can they see people are wiping down the surfaces and san fiitizing all game pieces. As they relax, they are like why am i bothering with mask well see. Coming up, could the commercial dna test be lifesavers well have more on the latest efforts head coming up next music the once booming home dna industry is grappling with slowing sales and a growing number of concerns expressed by customers and critics. As part of a new cnbc documentary she shared some of her ambitions with scott wapner. Today 23 and me says it sold more than 10 million kits with the proos of tice of the ones tt include health and ancestry test down to 200 kit sales dont result this big money. Thats coming from deals with Drug Companies that want access to the data of willing customers. 23 and me also plans to profit by using the data itself in its own Drug Development process we made a strategic decision to get into Drug Development in part because i think we have an edge we have an edge of doing of developing drugs way that could be potentially more effective because were starting with human Genetic Information to find out if the company is having success coming up with those drugs, watch dna testing colon the promise and the peril airing tonight at 10 00 eastern. I wonder if they have gotten involved at all in covid testing, but theyre a testing company. Im sure you could get data on the whole population that way. Absolutely. Coming up, the latest on elon musks sprightly battle with california as he sues to reopen his manufacturing plant in fremont well be right back with that well be right back with that and more after this. S and packages from loved ones and also deliver the peace of mind of knowing that essentials like prescriptions are on their way. Every day, all across america, we deliver for you. And we always will. Teslas ceo, elon musk, threatening to take on california by threatening to move operations out of the state because of its pandemicrelated restrictions he said he would move its hq and future programs to texas or nevada immediately for more on this battle lets bring in steve wesley, former tesla board member and california state controller and steve higgins. Is elon musk being temperamental or is he serious about moving a 10,000 square foot manufacturing facility and all its employees out of state well, look, first, this is a 10 million square foot facility. So, thats not an easy thing to do pardon me first, elon musk loves brinksmanship, reminds me of the guy in the white house he lives for that. Hes always seeking every marginal advantage hes dying to get the tesla manufacturing plant up and running again. The reality is its not easy to move a 10 million square foot facility they built a stateoftheart manufacturing plant. Thats precisely what gives them an edge over the others. That would be awfully hard to do plus you would have to ask yourself what if mr. Musk actually did move the manufacturing facility to texas and lets just say, because you do have 10,000 people working inside one large building, what if the coronavirus were to break out there after day 11 of opening . They would be back in the soup with a lockdown again. I dont see that i respect mr. Musk is always pushing the envelope thats part of why tesla does well i dont think the state of california will be backing downidown on that one. Well see. I cant imagine that there are vacant 10 million square foot manufacturing facilities just waiting for elon to move his operations in texas or nevada do you think this is just mr. Musks predilection for brinksmanship . He couldnt move it today or tomorrow, but maybe longterm he could refocus in texas where he sees state and local leaders champing at the bit to get this done toyota did it a few years ago. Elon musk is looking at michigan today where the governor there allowed manufacturing to begin this week. Gm, ford, chrysler will start production next week its clear hes anxious to join them in those ranks. What is your insight, steve, as a former california state controller about the internal politics of this and whether this kind of threat would play obviously it is county officials being called on the carpet by mr. Musk here, not state officials, but what is your sense of allowing mr. Musk to reopen . California is the worlds fifth largest economy. I dont think theyre impressed. As you discussed, there are not a lot of 10 million square foot facilities out there just for the viewers to get a handle around this, costco is 100,000 square feet. This is the equivalent of100 costcos side by side by side that would be awfully tough to move but theres a broader question here and that is california led the nation, one of the first places do that lockdown, in the bay area where i live and where the tesla headquarters is came a few days before the state, and as plus we bent the curve so it raises the question, would we have handled this like new york did or any other state . No we handled it right. And california now is in the process of opening up. We think thats the right strategy out here. It looks like most people will be going back to work in the beginning of june. Thats 2 1 2 weeks away. I think what is this all about its about can mr. Musk get another few days of manufacturing in i respect his trying i expect the state and the county to say no longterm, mr. Musk may try to move manufacturing to cheaper states that happens a lot weve seen that before with a lot of Companies California continues to innovate and start new ones, as they get bigger they move to other states with lower costs tim, let me get you to comment on the decline of sales in china of a key model, i think the model 3 over there, in a most recent month compared with the prior month and a year ago and so forth what does that tell you about tesla and its competitive stance or posture in china where they are trying to ramp up their own rechargeable electric vehicles well, i think its a little too early to say just because the First Quarter results were very strong and were part of the reason the company was able to squeak out a surprise profit the issue that tesla what is that its results on a month to month basis are lumpy, in a way that other automakers remember and that china factory is new. We still dont have a years worth of data to understand how the delivery pattern is going to play outGoing Forward. In the past they tended to favor delivering at the end of the quarter. It might be too early to say at this point the stock, tim, has done extraordinarily well, year to date up 94 in the midst of a pandemic that has sent people home are you worried that the stock has gotten ahead of itself well, several analysts i talked to believe it is probably too high what were seeing here, when we were seeing this before the pandemic, its a bet that investors are making that tesla has a vision and a strategy to be the future of transportation, whether its electric vehicles or driverless vehicles, and that elon musk has the gumption to do it where places like gm and ford havent seen that kind of enthusiasm its about what elon musk can do and these fights hes having with california are an example of how he doesnt let anything get in the way all right tim, thank you very much musk himself suggested the stock was richly priced. Steve wesley, thank you as well. That does it for this edition of power lunch. Great to be with you today matt got caught on camera i dont know if he was going to the fridge the it was the top of the show you let him know hell be happy to hear that we continue into the last hour thank you tyler and kelly welcome. Im sara eisen with wilfred frost. Stocks have turned positive for the day. The s p up a half percent, 59 minutes left of trading. Lets see whats driving the action worries over a second wave of Coronavirus Infections and economies that had begun to reopen like germany, south korea and multiple u. S. States but big tech and health care are once again outperfmi