We were up 1,000 points on the d dow. The s p 500, 3202. Nearly 3 there. Theres the nasdaq 9817 200 points to the upside josh brown, the dow is now 50 higher than it was its up 50 from march 23rd intraday lows its remarkable. It really is. I think the story here, and aye be ive been hammering thanksgiving is broad participation. Every sector youll see the Smaller Companies out pacing the larger ones. Very big story this week is Small Cap Value which had been absolutely left for dead made a 30 recovery in the last month. I think the bottom may have been when baa rrons called into queso whether dimensional funds would be a fund giant for much longer given thats one of the factors they weighed toward. Small value up 13 this week we talked yesterday about the equal weight nasdaq being twice as good as the nasdaq on the week you can find that all across the board. I think its so important. If you want people to really buy in to this recovery then it couldnt just be amazon, microsoft pushing higher you had to have this and you got it boeing is a high tldollar value stock. Thats such a minor quibble. Its every sector. Every Industry Group pretty much i think if youre an investor and been through the hell of last couple of months, its really nice to remember that days like this are possible. The person who told do you go get it in terms of these other stocks and not these marquee high growths was Tom Lee Tom Lee was dead right in what he said on our program he will be back later today to tell you whats coming up next on may 14th, nelson peltz said he was bullish and buying. That was on may 14th s p 500 is up 14 since then what do you do now what are our viewers supposed to do with the market the way its coming back so far and so fast i think you stay long ive been saying for quite some time this momentum market and momentum continues it seizes on good news and drivers it higher. Look, today, we can argue all day long with todays racial response or not, i tell each one the few jobs numbers ive seen where its une quiver cal the market would take off. Usually thinking lets go to the numbers but it took off. The level r we can argue about that but i actually think the markets move higher is a rational response. Whats not rational is reacting and trading down significantly in a short term basis. The knee jerk reactions. Sure its ahead of itself somewhat, but thats okay because its a discounting mechanism. The market has appropriately responded to v shaped recoveries in the past. Since 2015, youve had these 10 drops. The average investor says im not going to panic im not going to sell it all and just keep driving it all lets be clear. Im going to take a long term feel before today, you all were ready to say, okay, weve had a v shape bounce in the stock market were not having a v shape bounce in the economy. Theres this great disconnect. This whole thing is out of whack. Are we going to stay today that we may actually have a v shaped recovery in the economy and thus this market move was right from the outset the market was justified from the start to be where it is. The job losses are going to continue my position has been instead of the market looking out six months to a year, its looking out a year to a year and a half. Thats never been my thesis. Thats why i say its a little ahead of itself but the risk is still not being in the market. Could we trade down 10 . You to that with any market. I did reposition what. Tech is under performing today i bought more ford yesterday i got some gm. Looking brenda, just unbelievable numbers boeing, we just had it on the screen its up 17. 25 weak to date winners on the s p 500, American Airlines is up nearly 100 , this week United Airlines is up 62 Simon Property these are the tom lee epicenter stocks these things, these stocks airlines, for example, heading into this week were down 50 on average for the year there has been a pick up in participation. As you mentioned, everybody way saggi saying this better be a v shape re recovery here we have gotten some great news still not out of the news yet. We have millions of people still unemployed but this is good sign and it was encouraging the see the job gains are broad based so more than 60 of injuries participated in those job gains. Theres opportunities. We talked about some of them yesterday on the show but some high quality opportunities in areas like even in health care some opportunities like merck and in pockets of the industrials. Some consumer related names. I think there are still places to put money to work also in small cap. Thats an area that had really underperformed and so we could continue to see a pick up in those parts of the market this could continue to fuel this rebound that were seeing. Now, to the farmer whose been reticent, i think its fair to say, to recognize green chutes in the economy thats what youre going to focus on, scott . Thats what youre going to focus . Not that ive been talking about this value rotation for the last three weeks. I toetally get it my point is, jim, i want to know where this cash pile that youve been accumulating is sitting today and whether you can say all you want, jim, but its also what you do that matters are you putting that money to work some of that cash that youve been, i think, conservative, and rightly so there was no reason to think, weve asked this question every day. Stock market v, economy, l you, hockey stick. Who knows. Nike swoosh. Now you have legitimate question to whether youll get a v. I have now concerns about the cash that i hold which about a month ago was 13 . The other 87 is now 91 of the portfolio. Value is on fire for a week like this, Large Cap Value has out performed large cap growth by 5 Percentage Points its like Charlie Brown finally put his foot on the football thats lucy has been holding it is a squib kick or sailing u the through the up rights . We dont know yet. Even after todays gain, large cap growth has clobbered Large Cap Value year to date hold on i cant even understand what you guys are saying if youre talking over each other so i know our viewers have no idea what youre saying i dont know what the question was. I just want to ask, jim, because what im hearing everywhere right now, all over wall street, is that this rush into cyclical stocks and value stocks is predicated on the fact we now have the widest spread since february of 2018. No. You dont need it to continue but Net Interest Margin is important the financials and they are a big part of value whats also important is people are getting jobs back then the amount of mortgage forbearance, the amount of auto loan losses that were expected a week ago is going to be a lot less when you look at these financials trading at serious discount price to book like 20, 30 discounts to price to book, thats been the market saying we think these companies will experience tremendous losses that if you look at todays news on the economy, you say, maybe thats not the case. Also, josh, its right question to ask its not just the financials look at where crude oil is whether it stays there or not, weve gone from negative 47 to almost 40 a Barrel Energy is another big part of the value spectrum industrials are playing along. Yes boeing helps but those are being drifven by the concept on todays news theres a v shape that needs to be confirmed in the coming weeks by more data. In the next jobs report will be uber important to either confirm this one or throw water all over it apple hitting a new high today lets note that. New price target for apple at credit raised from 295 to 260. Youve got some fuel coming into the market i think this is important to discuss as well because the market is up a magnitude bank of america says sell s p 3250 this thing is not going to go to the moon, is it . I dont think so. Theres some lunacy out there. You mentioned the airlines are participating in them. I termed this on wednesday when i was on Airlines Even though capacity is up dramatically, theyre still not going to make any money for as far as the eye can see we have such high fixed costs. It will be pause at some point but again, do you see major downside because only if you see major downside should you sell because otherwise youre tripping the tax bill. The momentum is there and markets optimistic they are up 85 to 90 of the time so, is anybody that good enough to time it when you look i was going to ask if this is one to the greatest profit taking opportunities in the history of the stock market when i read you those weak to date winners and Something LikeAmerican Airlines is up 100 they are still a long way to go. I dont see people no one is packing their bags and getting on a cruise today but norweigan is up and are people rushing back to stores those arent in trading positions. Those are the trading positions. The reopenings are going well. New york is the epicenter. Thats opening again, people want to be optimistic its natural you have to be optimistic. Lets not forget what we havent mentioned is that the amount of stimulus thats come in the economy and the amount thats going to come in after this. Since you went there s, whati the risk that the stimulus that everybody thought was coming doesnt show up because its not needed or even if it is needed and lord knows, the unemployment lets not act like the Unemployment Rate is fabulous its still terribly and panefully high an its going to remain high. Theres a lot of people out of work who are still saying we need help. We need help what if congress isnt so fast to give anymore money . Of the three big risks out there, i think its the one to least be concerned about the biggest risk is theres a spike somewhere that is so bad that we rethink how fast we opened everything. That would be the worst thing to happen to the market the second thing is it turns out we do have an unsustainable debt load and not only do we have one but people start to care about it you see rates start rising too quickly. The third is that all of a sudden, Jerome Powell decides maybe he over shot and mnuchin decides i dont care if my guy wins the election. I really dont think thats what happens. Im most worried the health thing gets bad again somewhere and causes us to take a step back to me, thats the one that i would most be concerned with brenda, you are up almost 30 basis points in the ten year in i dont know, a day and a half youre under 1 i knowyoure still under 1 i know i know i know thats why its crazy when you say rates are up a lot but they are still under 1 . They doubled. Its not going to make a difference or is it . No doubt. We have seen a huge move relatively speaking even though rates are low. We have seen a huge move to the upside more recently the fed is still very involved and could participate in trying to get the yield curve where it wants it to be i think the fed has been wanting to yield curve to steepen a little bit i dont think its a bad thing for it to steepen a little bit i would be shocked to see it steepen materially further unless we got some news that inflation was starting to pick up and i feel like were a long way from that. A risk down the road given the amount of debt were taking on the amount of stimulus if the economy were to fully recovery an pick up a lot of steam but for here and now, were not worried about rates but i think the low rate environment is contributing to what the stock market is doing. When you look at where the al te alternatives are, there arent that many compelling opportunities. I think that it is helping fue this rally that we have seen and the quick return to stocks just because of the incredibly low rate environment that we were in jim, if you have a much faster comeback than people expected and the rocket fuel from the fed, which lets be honest, jay powell will not pull the rug out from under everything so quickly. He said it himself he will see a recovery well under way. It would be almost crazy not to think we would be at new highs or beyond that if you put those together rocket fuel from the fed that will be energizing the market and underpinning it for many months listen, i agree with what you said and what brenda said. Fed is in no hurry todays jobs report is rather stunning but its one data point and its frankly out of keeping with a lot of other data points. I dont expect them to pull the rug out any time soon. In addition to the risks that josh listed, i think you have to wonder that if you dont get confirmation of todays job reports, if you still keep getting initial jobless claims in millions, if you get retail sales tanking, those sorts of things, i think the market might wake up and say we have gone too far, too fast. I think thats a real risk we dont know thats going to happen we now have to wait an see today did change the game a little bit we now have to wait and see if this jobs report is confirmed by other data right now its hanging out by itself sg yeah. I suppose thats fair. You have seen some signs and we asked the other day, you had an adp report that had you thinking maybe the worst is over. Maybe the kpi had bottomed i do think it has bottomed im concerned about the reopenings, the momentum continuing right now the jobs number was made up of low hanging fruit its businesses were closed bringing back to work. I still dont believe that job points out all the risks i agree and id chie dma as another risk as i handicap those, i dont see them as high probability its never the risks we know its the risks we dont know that hit you like the pandemic i think you still have a freebie in this Market Companies will start reporting very soon. Well hear them pull guidance, not give out guidance so you have the vacation holiday mentioned. Forgive me for interrupting p you. Meg is standing by with dr. Anthony fauci with an interview we have been waiting for. Thank you so much dr. Fauci thank you for being with us today. I want to ask you to give us a status check, if you can, on where we stand in the course of this pandemic. Youve seen todays jobs data. People are going back to work. The economy is reopening we have these historic protests happening in this country. Some data show that cases in hospitalizations are increasing in at least nine statestates where would you say we are if you look at the nation as a whole, things are plateauing and coming down. Theres no doubt about that. There are situations where you have individual locations where there may be blips we need to put a lot of effort in making sure those little blips dont become surges. In general, things tend to be going in the right direction if you look, for example at the number of deaths, the curve goes down very sharply. If you look at the number of new cases in hospitalizations, for most part, as a nation, its plateauing and coming down although as you might expect, there are some areas that are doing better than others and others that are doing worse. On the whole, things are slowly going in the right direction how do you look at im going to ask you a longer Term Forecast but to help prepare americans for what might be in store for us, how do you look at the year ahead what does that look like to you . Well what were hoping for as we begin to carefully reopen america and get back to some degree of normality that we will see a continual diminution in the number of cases and with number of cases, the number of serious illnesses and hospitalizations and deaths. As we enter into the late spring and early summer, what we hope to see is that that diminution will continue. Theres always the question of what happens when you get to the fall if youre talking about an entire year. We dont have to have a second wave people talk about it but it doesnt necessarily have to occur. As new infections start to creep up, which they will as we get into the fall in the winter, its the way we and the efficiency and the effectiveness in which we put the manpower, the systems, the tests to identify, isolate an Contact Trace that will determine how successful we are in preventing that wave. Im cautiously optimistic that when the time comes, we will effectively deal with it although we are still in a serious situation, meg, im cautiously optimistic if we put our effort and our resources that we will be able to continue to go in the right direction theres never a guarantee but im cautiously optimistic that we will be able to do that as localities are starting t make decisions about the fall about going back to school, what metrics are you looking at and what time point will we have enough information for leaders to be making those decisions thats a great question it has to be a bit of i dont mean length wise but a bit of a complicated answer the United States is a large country. As ive told you in sper views before that there are vary degrees of infection activity defending upon the region, the state, the city, the town and the county when youre talking about getting back to a degree of normality and School Openings an things like that, its always related to the level of activity of the virus you have to make your judgment based op where you are for example, when youre in an area that still has a lot of activity the way new york was some time ago, thats much difference than youre in a county, maybe near casper, wyoming where there may be little activity. Youve got to be careful that you dont try to make a unidimensional judgment. You make your decisions, policy wise and otherwise depending upon the level of virus. We have guidelines that are clearly defined that if followed, we should in a cautious way do well i hope we do i think we will. I want to ask you about this moment where we had these historic protests and the pandemic has exposed those inequities as well the hhs came out with new guidelines requiring that race be reported with covid19 testing results to get a better picture of how different groups are impacted but we already know that people of color are disproportionately hurt by covid19 what more do you think can be done to protect those groups i think what we need to do, we know the data now its not a secret that with many diseases, but a bright light is being shined on this with covid is the disparities in health and in health care when you look at the social determination of held and you look at the background of minorities and people of color, they have two things that are making them suffer more. On the basis of the social determine of held they are put in a position of a socieconomic where their ability to protect themselves from the Coronavirus Infection may not be the same as someone who has the capability of sitting in front of a computer and teleworking when they do get sick, the underlying predisposition, theres a much higher rate of the kinds of comorbidity that give you greater risk for serious disease. Among minority, the africanamerican population. Thats diabetes. Thats Blood Pressure increases, thats obesity and variety of other conditions what we need to do as a society, immediately, is to make sure that the resources to give them the best possible chance with identification, isolation and Contact Tracing to prevent the spread within those populations. We need to have a long term commitment to address these disparities of health that have been with us well before we have a chance of coronavirus. We have an immediate and a long term goal and responsibility, really are you seeing that work get under way. Are you optimistic that will change i m its very clear of whats going on now when we do programs like develop Clinical Trials for vaccines or Clinical Trials for therapeutics within the context of covid, we have are now paying a lot of attention to make sure theres adequate representation of minority communities in those particular trials so they have access not only to the advantage of whatever potential benefit might come from that trial but we learn how best to treat and prevent disease in these populations. Were paying a lot of attention to that. I want to you about Clinical Trials and of vaccines president trump, this normornin, said theres two million doses ready of vaccine, ready to go as soon as the safety checks out. Can you tell us about what he was referring to i didnt hear him say that so im going to use my usual experience with the press of not commenting on something i havent seen myself. Let me give you the facts about vaccines general. Were kashsly optimistic we will be able to get into a phase three trial with one candidate in early july and a few others as we get into the summer and early fall which means if things work well and we dont have any unanticipated bumps in the road that we can have an answer as to whether or not a particular vaccine candidate is safe and effective by the end of the calendar year in the beginning of next year which would mean that if that were the case and we simultaneously produced doses of vaccines right now, that we could have available substantial amount of vaccine by the end of this calendar year and the beginning of the 2021. Scott i have a question for you its nice to see that things are going in the right direction as you say. At the same point we are still in midst of an em demonstratic we have 20,000 new cases per day. Those are diagnosed. Some suggest the numbers are much higher than that. Yet the White House Task force on the coronavirus hasnt had a public event since april 27th. You havent spoken publicly from the white house since april 29th its left some people wondering why. What would you say i think what youre seeing out there publicly doesnt really reflect whats going on we meet frequently i was there the day before yesterday. We have a meeting today at the white house. Just because you dont see the public press conferences, does not mean theres a lot of activity going on and a lot of attention paid to what we do i can understand how you mieg come to that conclusion. I think theres a disconnect the seriousness with which the Task Force Takes and put into this is great. I think what they might be referring to is one of the concerns that all of us, health officials, scientists and officials are concerned about is that when you have crowds of people together and you have the lack of wearing a mask that increases the risk of their being transmissability theres no doubt about that. The reason why the common denominator of many of the guidelines are physical distancing as well as wearing of a mask when we see that not happening, theres a concern that might actually propagate further spread of infection. Meg its meg again. I wanted to ask you about a development this week in the therapeutic world which is the first human trial of an antibiotic drug. How important of a tool would these drugs be if they are successful thank you for that question it is important. Obviously, we have a whole range of potential therapeutic candidates from actually drugs that are new drugs that are repurposed but the point youre making is one of using antibodies or Natural Products i believe that the utilization its importance of both treatment and prevention i have some cautious optimism that this approach among several could actually have a good chance of making us have an advance toward good therapy and good prevention. I have a good feeling. The proof of the pudding is to show its effective. The principles of why its effective are sound. As always, youve got to prove it thats what were trying to do with the dlClinical Trials. Dr. Fauci, i do want to ask you one last question with the little time we have left thats a quick one about vaccine reluctance we know that americans dont get the flu shot in large numbers. Do you expect more people who get the flu shot to get the vaccine for covid if its successful i do hope so. Theres kind of a trend of antiscience with that antivaccine in this country, which is really unfortunate. For most part its based on misinformation but i would hope that as we get a vaccine available for us here in the United States and even worldwide, that given the potential and real seriousness of this out justice of the peace break now and in the future that people will not be reluctant to take a vaccine that potentially is life saving for them. We need to i crease our Community Engagement and explain to them and give them a very trarns parent way the data of why it is so important for them to get vaccinated under the circumstance of a serious outbreak as covid19 thank you so much for being with us today. Good to be with you back over to you thanks so much. Our great thanks to dr. Anthony fauci. I mentioned we did have tom lee with us today. Hes the managing partner and a good day to have tom with us he sdwrojoins us by phone. Welcome back thanks. You suggested the buy the epicenter stocks the dow is up 20 since april 27th the s p 500 is up 20 since that conversation that we had the nasdaq is up 24 you were dead right. How did you make it then and now what after weve come so far i think pa. I think part of our process has been let the market tell us what its communicating to us. Back then, we had seen credit was really on a huge amount of mend and so, if high yield and credit was going to be healthy then stocks needed to sort of converge or agree with what the credit markets were saying i think we were back then thinking the stock market was telling us a vigorous recovery economically is likely under way. Its also consistent with how markets typically after crashes. The rebounds tend to be symmetric. We expected a v shaped stock market bounce. History said you get to 2800 by midapril is march 23 was the low. We should be making new highs sometimes in july. Its almost clock work in terms of textbook hof how its matched historic history. Our viewers listen to you and believe in your work is what to do now a lot of these stocks that you suggested people buy and i read them off at the gipi inbeginninr program like American Airlines up 100 . The casino stocks are up tremendously the cruise lines in many cases are up better than 100 . What are we supposed to do now they could be more than 60 of the points of gains we could see in the next few months i would still be adding to the epicenter. We put out a list for our clients this morning that i would consider to be early stage in their rebound things like tjx, gm, booking, carnival, wynn some of the energy names we talked about how now that people may be driving more, overall consumption of oil might be up. Youre still able to put fresh money many there i think thats where the money market dry powder will go into is the sense tiitive stock. Is 340 still your target . Our target is 3450. I think its recovery is vigorous and i think todays job report was a very big upside surprise we had a conversation about where we are and where maybe we were going the owner of the milwaukee bucks. Well talk nba as well with marc are you there in. Right here. Appreciate you coming back. Its interesting we have tom an a day the market is surging. The jobs report is just astounding give me your thoughts on that job reports today and where were watching stocks trade today. I think that was surprising hopefully it continues if youre going to have unemployment coming down, i think thats great i think the next couple of months will be interesting to see what happens on the reopening. If it continues with what we just saw, then it seems like everything will get back to normal a lot quicker than anybody thought especially me. You didnt think, i remember having a conversation with you and tom together you didnt think he was right. No, i didnt. I apologize. I hope you are right and continue to be right lets wait a couple of o monmons before we make a final decision. A good debate is a good debate tom, what do you think about marcs thought i agree the time line for covid19 has been broken because of the protests erupting around the country. Thats 350 cities. June 11th is really 14 days past the first cluster of protests. I think if next week we doennt have a second weve, thats good news if we get a second wave, marc will have problems with that what do you make of whats happened with Interest Rates im surprised where things are. If they continue to be where it is, i think its great for the economy. Do you feel like they will continue to rise were at, i dont know, i cant remember what the number was a couple of days ago whether it was 61 or 69 basis points and here we are, knocking on the door of 1 were still low. Do you see a scenario in which rates continue to rise i think they will continue going up a little bit if the reopening, if we get back to normal quicker i think rates were down when everybody was nervous and trying to make sure youre funding the economy. If things are its a little bit, the next two to four weeks were not seeing that second wave because of all these clusters and the protests, i think youll see rates surpassing 1 . Do you think able to capitalize are over . I know you were looking for things that may get worse. Is that now off the table . Were still finding things to do what youre really seeing if a company doesnt have issues, its great theres still companies that need liquidity whats happening is i think today its a bit less than it was. It continues to go down that road, it will be what it is. I think right now, at least for us, were still finding things just not at the level that we were hoping we would im meeting with our players. Were going to be discussing ways that we can try to bring about change because of what happe happened to george floyd were having a team meeting about it and how the players with make change what will your message facetoface today be to the team the players have the ability if they want to valgalvanize th city, they can do that if they get behind an idea well talk about what are the Different Things we can do to try to make a difference theyre going to be back on the Basketball Court soon as we know just a quick thought on the approval of the agreement. I think everybody is excited to get back. I think youll have minimal work outs that youll have in your city but everybody is going to get down i think everybody gets down to orlando end of june, early july well Start Playing games. I think the fans, everybody, myself included. Myself included i know everybody basketball fan for certain. I appreciate you calling in. I know you have more important things to deal with today. I appreciate it. My pleasure take care. We do still have tom lee with us i do want to open it up to our panel as well. Josh brown you have a question for tom while we still have him . Tom theres a lot of talk that the tldollar may have toppd for the cycle. Thats been fireworks for International Stocks whats your take on the dollar how important it is or may not be at all . Hey, josh i know currencies are really very difficult to predict. As you said, its a huge deal because of the dollar. If the tldollar is weakening, nw were talking s p earnings above our 195. Im in the camp the dollar has to prover its weakening tom, i want to thank you for calling in you deserve a lot of credit for making a gutsy call in the midst of a lot of issues out there in the economy. Well see where stocks go from here well talk to you soon have a good weekend. Thanks. I appreciate that. Well take a quick break. We have your questions to get to next you can still reach us cnbc. Com halftime. Were back with that, next ever since weve gone mobile on the now platform, somethings gotten into the office. I hear you. Feels like theres no barriers between departments now. Servicenow. The smarter way to workflow. The covid19 pandemic is creating Food Insecurity on a scale not seen in decades. An estimated 54 million americans will struggle with hunger. With 200 food banks and 60,000 meal programs, feeding america is the largest hungerrelief organization in the country. Join Morgan Stanley in supporting feeding america and your local Community Food bank. Aits only human to find inspiration in nature. And also find answers. Our search to transform. Farm waste into renewable natural gas led chevron to partner with california bioenergy. Working to provide an alternative source of power. For a cleaner way forward. Welcome back answer the questions now on the friday josh coming to you first from john in maine and it is on nvidia what are your thoughts i mean, nvidia absolutely is on fire. You have got two new consoles coming out toward the end of this year. The xbox series 10 and playstation and both require more graphical Processing Power and then 80 growth rate in the Data Center Business so yes the stocks had a huge run but they have continually justified that run with great fundamentals. Steve weiss, alex in pennsylvania wants to know about Crown Castle International you see their small cell strategy play out. I think its fine here all the stocks look expensive but the future is so bright i still own it and id buy more on further dips. Good farmer, from al in santa rosa, california, jim, is pfizer a current buying opportunity what do you think . I think it is i own it it is a few company thats been singled out in project warp speed for the vaccine candidate and the stock is 2 cheaper last week because one of the cancer drugs failed at trial but with the big broad pharmaceutical like this you want to buy them when one of the many products doesnt hit an end point and that is good entry point. Brn enda, kris in indiana, jj at the current price, is it a buy . It is flat on the year but part of their business particularly the device business has been impacted by covid and i think skepticism of how quickly that part of the business will recover and i dont think theres expectation built into expectations there so to the extent that the business does recover faster than we expect assuming this recovery continues, that could provide a catalyst for the stock to move higher from here but outside of here its a good longterm holding and dont have gigantic expectations for a big move from the current levels. A. Gotch a quick break and come back with final trades next. Please tune in tonight, crisis in america. On monday, our coverage of the path forward continues from this crisis and civil unrest. Ill be speaking with chris gardner, bestselling author of pursuit of happyness. He eventually became ceo of his own Brokerage Firm and dedicates time giving back by speaking to students of fulfilling their potential. Im so much looking forward to that interview at 12 30 p. M. Eastern time josh brown, before we go, i noticed a call today i thought would pique your interest, ebay. Downgraded today at bmo saying risk reward is more balanced what do you think here i think the buyers are in control here the breakout looks great hasnt quite pulled back to the breakout point thats what im looking for to get myself involved. Gmv the most important thing for the marketplace business was ahead and they said guidance for the rest of the year will be above the previous ranges from even april so i want to be in the name i understand the call. I dont think its going to be a good call. You want to give me something quick on slack, the reaction to the earnings yeah. Slack, it looks like its coming back i think the selloff is the overreaction to the fact they withdrew guidance for the year they had a 200 million plus quarter. Announced a Major Partnership with amazon against microsoft. I think the stock is a buy all day. Im in it, in it much lower. With a two handle again ill be a buyer again. I really like this story for the long term. Great earnings report. Beat on every metric. Final trade, as well . Sure. Why not . All right good stuff brenda, what do you have for us . Tjx, competitors are closing. High quality inventory we think its poised for a recovery. Steve weiss autos keep rolling here. Farmer jim, finally, what do you got for me Cisco Systems like Charlie Brown, a beloved underachiever that makes you feel good. Everybody have a good weekend. Thanks for watching. Kelly picks it up now. Thank you, scott hi, everyone todays jobs report defying all expectations to show job growth and fewer unemployed americans the president calling for more stimulusen colluding a payroll tax cut. Is that necessary . Do todays numbers show that the market had it right . And what happens if Interest Rates rise well explore that and the dow powerhouse as boeing rallying 62 in a month. Apple hitting an alltime high see if theyre still buys and beginning with the monster rally. Dom chu is here with the