From facebook. Julia boorstin has been following the story. Its two reactive and slow about the hate speech. Auditors saying they watched the company make painful decisions that are serious setbacks and has not devoted enough assets to address these issues this report advocating they bring in more civil rights experts to the country, take steps to address concerns dedispute that post violating facebooks broader policies. Sheryl sandberg responding to the findings as hard as its been to expos o they echo the criticisms by the civil rights a groups behind the boycott that met with facebook management yesterday. They called the meeting disappointing. Now, facebook has said it would not fall not fold for pressure, but it does seem they could be compelled to take some of the recommendations. Julia, thank you. Lets get to steve weiss steve, it looks like facebook is under a lot of pressure when it comes to the issues of up civil rights and hate speech. It is im sticking with it ultimately i have to believe that Mark Zuckerberg is more intelligence and a Better Business person than he is arrogant right now the arrogance seems to be taking hold. Then how does he go into a meeting yesterday with civil rights leaders, who have already outlined their grievances, called successfully for a boycott which many big advertisers have joined, and not be able to appease them in any way . You think one of two ways he should be the president or he should be less arrogant. Thats what i mean hes having a standdown with his standoff, rather, ultimately the advertisers will win, because its picking up steam. I would expect the arrogance said i can convince them were on the right past, but he cant. Hell come to get the facts are against him and hell turn when he pivots, youll see the stock go higher again. Thats what the stock is telling you. I mean, so the markets believe in that, i believe in it as well. There is a small window, joe terranova. You would think on the Company Conference call, they will be pressed on what sorts of frameworks they will have in place to address all of these concerns and what is the revenue impacts, which was originally called for simply the month of june, but many advertiser have gone above and beyond that, saying they will suspend advertising through the end of the year theres a matter of weeks between today and when we have that conference call, when youve got to believe the analysts will be asking those questions. The analysts will be asking those questions, and facebook with a high degree of arrogance will be answering those questions. Because it relation to the stock price. As it relation candidly to all of the Megacap Technology names, they get a free pass, because the the excessive liquidity is in place, and the only place you can find any growth in this market right now is the asset light component of the economy the asset light component has been unable to pull forward the asset heavy part of the imply, which found its top on june 8th. I think the question becomes, at what price point does that asset heavy part of the economy kind of drawing down the assetlight Technology Part of the economy for all these technological giants, they get a free pass, because they are the performance in the market. Theres an overconcentration in terms of allocation, the conversation is overemphasized. The president in his tweets doesnt talk about the dow anymore. He talks about the nasdaq. I think for all of the megacap technologies, their behavior will not be punitive as long as the stock price moves higher, and obviously i think thats wrong. So, liz, even if you dont like what facebook is doing, and you dont like the arrogance as steve used, you hold your nose and buy a name like facebook, because thats where the momentum in the market is . I think in this particular environment, thats all we we have seen, is the market hasnt penalized the market yet i do expect summer to be a bit weaker for a lot of sectors, but if the market starts to penalize them, theyll have to listen up. To some of the points earlier made if they start to shift their narrative and they become more strict about this you know, jim, i start to wonder with this favoritism facebook is giving the where everything wants to be and nobody is distinguishing a stock from another i think there are times when the fang breaks down as a group, meaning parts of it do well and other parts dont. Years ago facebook was in the doldrums while the rest of the fangs were taking on the floor i think last year amazon sputtered while the rest of the group to take off. Its not unheard of for one or two names in that group to sputter. I think if you give up that Earnings Growth if they start saying, you know what, facebook could very well be left behind while the rest of those names in the qqqs do very well. Our next guest is trimming her facebook position. Tiffany mcgee joins us live. Great to have you with us. How long have you been in facebook, and when did you start trimming weve been in overall we were just rebalancing but you know, in listens to the conversations right before me, number one, liz is exactly right. The market has really not penalized facebook yet our clients are foundations and endocuments. These are missiondriven organizations. Many of them have adopted things, and so we believe, you know, in looking at the situation in totality, yes, the market has not penalized facebook, but all americans are not investors, but all americans are consumers. You know, theyre thinking about we believe theyre thinking about the big brands that have come in and they are no longer spending money with facebook, at least for the month of july, like starbucks. Were thinking about who is going to be the first one back in if, by chance, facebook does not come to some kind of agreement, it cant be a brand lie starbucks. So you think eventually facebook will be forced to do something . Thats what it sounds like. Yeah. Theres other he opportunities foe advertising, but we think that facebook is going to have to get their act together, really for the sake of their larger advertisers. You mentioned pensions and endowments, and how long does facebook get the free pass how long does it get to right the ship, so to speak, before some of the investors start saying, you know what . Theyre not ticking that social box in esg. They dont have very long this is not a sixmonth situation. We saw they were meeting with civil rights leaders yesterday, and nothing came out of that theyre i dont think they have long. You get the sense that they say, you know what, the governance box may be in question even from the start because of the structure, they dont wait a quarter i mean, this could be in weeks that they start selling shares so, it really depends on who youre dealing with. Most of our clients are foundations and endowments, pensions are different, but a lot of foundations and endowm t endowments, and more to their allocation of doing things, managing investments through an esg lens the that means theyre not just checking a box for a low carbon emission, theyre asking a lot of questions of the strategies they own, and theyre asking about governance, how many Diverse People do you have in year csuite is how many Diverse People do you have on your board so a lot of this movement is also driven by Investment Consultants like myself. If you have a consultant thats really paying attention to esg, thats going to fueling the fire thats going to really prop those conversations, but again, i still dont think that facebook has two more quarters to kind of figure it out all right, the clock is ticking. Tiffany, great to speak with you. Steve, i go to you weve talked about esg many times recently its a huge wave of money, a lot of millennial investors are on board, investors in general like the style of investing its in vogue. Could that be a pressure on facebook, in your view you know, look, youve done an inordinate amount of work on esg you cant be an esg investor if you own a dualclass stock you pointed that out correctly i dont want to hear about an esg investor is going to pressure facebook. Either you believe in the governance or you dont. Now, right now, its politically correct and morally correct to be concerned about pushing hatred, which is what facebook does as i said, they will come to grips with it, and ultimately theyll realize the pocketbook controls if you do break up these companies, if thats the end game, i would tell you theyre worth more broken up as they are as one entity. Joe, if you are a believer that you dont want to be in facebook because of the pressures they may face, if not facebook, then what . Social media its clearly microsoft, when youre talking about esg investing. Microsoft is in 55 of the esg funds that, by far, is the largest contribution from a singleequity name so to me its microsoft that checks the boxes across the board in terms of quality, in terms of technology, in terms of growth, and in terms of esg. Thats where im allocated. Lets move on and Talk Technology more broadly. The question here is, do you continue to Chase Technology at this oint . Amazon and apple hit alltime highs. Liz, we want at the beginning, this is where people want to be in the market valuationwise do you agree, though im still a growth bull i still think theres room for text stocks to grown here, as long longterm rates stay low and stay pressured, growth will continue to have a runway. The question really is if, youre already in it, do you stay in it yes. If youre not in it at all, this is and i think the second half of this year will see a theme of companies that either can thrive or theyre just trying to survive in this environment. Thats why it will be a good time to pick stocks, good time to have active managers looking at that Technology Space and trying to decide, is this worth what were going to pay for it, and what are the prospects Going Forward over the next 12 to 24 months. Joe, you actually sold amazon recently, why . I sold it a few weeks back at 25. 55, a bad sale at my part im okay with it i was just ringing the register on the profits looking back, that was the wrong move, but i think youre coming into a seasonally weak period. I subjected bev were building an overconcentration as it relation to Megacap Technology we have to pay heed to the fact that a june 8th, not only did you see a tenyear treasury find its peak at 95 basis points, but the assetheavy part of the economy, the energy, the airlines, the hols hotels of brickandmortar retail, thats where they found their peak. Theyve been unyou cant to pull higher along with technology i think its fair to give consideration that, while, yes, you want to remain allocated towards technology as i am via apple and microsoft, its fair to give consideration. Ultimately the assetheavy component that is not participating in stock appreciation pull down and moderate some of the outsized gains were seeing here from Megacap Technology. Jim, your an valuation kind of guy at what point do you say this is getting to be too much is that point now . I think you have to use a finetoothed comb. Earnings multiples of 25 to 30 times in a low Interest Rate environment are not crazy. For what theyre worth, though. Im sorry, what for what theyre worth, in terms of a p. E. Number for some companies we dont have a good sense of the e part. Thank you very much, melissa. I was going to draw a comparison so, say, a frosty area of a market like a tesla. How do you put a multiple you dont even know what the e is there, to use your term. I think theres elements of mania going on in tesla. I think theres pockets of the economy that are undervalued, and they are asset heavy but the thing you have to do is take a bit of both the growth names, the solid companies, the largetech cap and you have to pare that with some of the undervalued names in the socalled old economy. Like . Okay. Well, you know, take a look at the financials as an example its not just earnings there, but pricetobook that you want to look at the industrials, which frankly have been getting some love recently, so the caterpillars of the world. The honeywells of the world, the fedexs of the world. I think those are two areas that you can look at and feel comfortable at the valuations, your downed side is limited. By the way, well have more on tesla and the banks later on. In the meantime were following another stock on the move right now. Lets get to phil lebeau with a news alert on united airlines. United under pressure today, announcing its sending off warn layoff notices those are required to be sent out 60 days ahead of a potential layo layoff it says theyll be cutting about flight attendants will take the biggest impact, more than half of the jobs with the Union Airport operations there, maintenance, the pilots 2,250. So heres how it works theyre trying to finish negotiating buyout packages with the unions almost all of these workers are in one of the major unions they should have it finalized by next week. Then by the middle of august, they will notify the remaining number of people who may be losing their jobs, yes, you are actually being laid off come october 1st. Thats when the job cuts take effect, october 1st. We knew this was coming, melissa. Youre going to see this from the other airlines as well theyll all by dramatically smaller come october 1st. The degree to to which it came, phil, is that a surprise is does that reflect the ratcheteddown expectations of the second half . I would say the Biggest Surprise is that remember when the quarantines were put into effect in the tristate areas, and i was on this show, i saiding this the worst thing for the airlines it makes people say im not going to take a trip and then come back and quarantine for two weeks. Its just not going to happen. We knew there would be an impact and were definitely seeing it now. Demand is pulse back ive heard a couple executives saying were going back to may and april numbers in terms of bookings the degree of the job cuts is a bit more severe than people were expecting. Thats a reflection were not seeing the continuation of bookings they really have pulled back in the last week and a half. Joe terranova, where are you in the airlines . I took a shot to buy delta at about 33 somewhere in late march, quickly took my loss and swore off buying the airlines thereafter they did have a moment where they rallied from the end of may into early june, but they found their peak, theyve been unable to recover they are important to the economic recovery that we are trying to extrapolate from a lot of the recent numbers, but to date for the overall market, it has not seemed to matter what it has done is driven more money into the megacap and other technology names, and where is the end to that . Im not necessarily sure that very many can give you a solid answer to that jim, you actually have a new trade on airlines. What is it yeah, well for a while melissa i have owned Alaska Airlines it has a clean Balance Sheet its reduced the cash burn the problem is, it gets dragged down with the rest of the name i said to buy puts on American American has a big problem in light of what phil said about getting smaller. Theyre probably going to end this year with about 40 billion in debt, and not cheap debt. Mid teens in interest. Thats 4, 4. 5 billion in interest their taxes were about 3. 9 billion last year. They cant afford to be smaller. Im not saying theyre going out of business tomorrow thats not what im saying, about you if youre an equities shareholder, you have to ask yourself, what profits will come to you when so much is going to the everincreasing debt class for that Company United and delta, they dont have Balance Sheets that look that great, either they cant afford to get smaller. Weiss, you always have puts on united im wonders, from your perspective, is there a connect the dots kind of trade if people dont want to get on planes because of the quarantine orders, thats less demand for flights going to florida, you have to wonder who will go to disney if they have to take a planned and they might get stuck in florida im not afraid of owning companies that have, say, disadvantaged Balance Sheets i actually owned american. Last time they went into bankruptcy, i owned it when they went in and came out the difference is every asset they had was not collateralized. You didnt have pandemic keeping traffic off. Their costs were just out of control. Now i question whether Equity Investors will have anything left, because everything is collateralized, the gates, the planes, everything the rewards programs. Theyre collateralized literally exactly exactly. So investors have nothing there to hang on to, so i think the stocks, as the ceo of boeing said, theres going to be a bankruptcy here, and i think it may be more than one its terrible to see people lose their jobs, but they would be better off when they come out and theyre protected and pensions are protected rather than whats going on now. Actually an Airline Analyst said the exact same thing months ago. Phil, we also have two bullish calls in the auto space in the hot, nichy sector. Lets talk about nikola jamb morgan is essential upgrading the stock, because its pulled back so much remember, i want to say it was being a month ago, the stock was trading up about 69, 70 a share. Now jpmorgan has said, hey, this is a good buying opportunities including the bank that the eu is likely to come out with new rules regarding clean hike roe gen, adding into the fact that the badger pickup truck that theyre designing sometime soon, we dont know when, theyre likely to announce which automaker theyll be working with so there are some catalysts on the horizon. Thats why jpmorgan made this call all right. Steve, on nikola, you own puts youre negative, why yes, i am i owned the stock when 2 came as a spec, and i did well lets talk about governance. Two lines from the cfos employment agreement that was signed in 2017 you tell me if you would own this stock the first for every 50 million you help raise for the company you would be entitled to 250,000 bonus upon the closing of the fund raise. Then it goes and says you will also be entitled toen a award of an additional 2. 5 interest once you assist in raising 50 million for the country. Do you want a cfo who is advertised to raising capital, or is tied to the performance of the company . This ceo or chairman, actual lil is the p. T. Barnum of Public Companies he tweets everything is positive the badger order book opened on june 29th, supposed to be exploding. We didnt hear anything from him for a few days so then we heard i surmise the badger order book was a dud. This company is so far away, jpmorgan, i dont know what is behind them up fivefold give me a break. Short it i own puts. Going back to the cfo compensation, though, because it was a spack. Is it so bad the onetime bonus thing for the amount raised seems very unusual, but the guy is getting stock in the company so its not like hes going to tap the company, raise the money and then go. His compensation is aligned with the future of the company. No. His compensation is aligned with an inherent conflict you give out these numbers and dont forget, the valuation is based purely on projection five, ten years out not even five years out, ten years out. As somebody who invests in private enterprises and public, i would not the first thing i would look at is, whoa, whats your incentive are you aligned with me . No youre aligned if the performance he got nearly three years of signing bonus if youre investing capital in t. Thats one thing. If youre being Given Capital for getting me to invest you should be a thirdparty marketer you shouldnt be the cfo all these interesting points here phil, our thanks to you. Youre out there somewhere thanks for the united and nikola news well debate the financials straight ahead hati iba itwmite lfmes ckn o nus. You say that customers make their own rules. Lets talk data. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g, everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item, corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Headlines. Hello, everyone heres whats happening at this point. Alexander vindman claims hes the victim of a quote of retaliation, end quote, by the president. Golfs ryder cup has been canceled the next is for september of 2021, and will remain at the whitt whistling straits course Jimmie Johnson is cleared to race again you last sunday wassed first cup series race he has missed for nine years liz, you do not like financials, though why not . I used to like financials i obviously work for a big financial. Im an owner of financials, but if we look at the reasons why you would own the sector, number one, if you own it, own it for price returns. You will not have much opportunity for that if you want to own it for dividends, that story changed a couple weeks ago when he heard about limitations on dividends and some of the concerns over capital, and if this recession gets worse than we expect. I dont think theres a ton of opportunity there. That doesnt bother you, does it, joe . No, it doesnt. Theres a couple themes that allow you to allocate. I also think the trading environment is a very fertile one. That obviously takes you to goldman sachs. I am long Morgan Stanley because of the fertile environment as it relates to trading i also like the etrade acquisition. I think thats going to be a good one youre seeing efficiencies, streamlines, the need for advisement has never been more emphatic, so thats a trading positive then lastly, the exchanges, whether its the nasdaq, when im long, or cme, the exchanges themselves as the toll collectors in a hypertrading environment, will benefit. Jim, you own goldman and citi joe had mentioned a fertile environment for trading. I wonder if trading is one reason why you own these two well, theyre different, honestly, but along with the trading environment, you have to remember that goldman and stanley have very vibrant platforms, so theyre not as tied to the yield curve as the true Money Center Banks like citigroup. What im interested in here, as the company has reopened, and seems to be reopens faster than we thought on march 31st, this is important, okay it was a different environment then are they seeing incrementally positive things, or incrementally worse . Its a bit of a dicey situation, but i think it will be better as opposed to worse that goes away at the end of july, we might not have that data yet theres a lot of unknown as when it comes to delinquencies i don dont. Its funny, youre hutting all the negative but let me say this unbelievable management offit happening. If you want to have exposure in the financials for me its visa, which is more of a tech company than financial. I dont intend on being there at any point in time. So grinchy, considering you have a Beautiful House there, steve. Thats what i mean, i have nothing to be negative about, but youre hitting me on all the sore points today. First, a check on the s p 500 sectors right now, and we do have materials and industrials leading the way. Materials down by 1. 6 a reminder you can always listen to us live or on the go. Halftime is back right after this a highly capable lexus suv at the golden opportunity sales event. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Welcome back to halftime report, with the top ten ideas, lets get straight to rahel. Some are already investor favorite some have others are under the ray dash like oreilly analysts like this stock for a few reasons, including strong demand. And those car owners may need more remains. Analysts also betting on severe weather, saying that either hot or cold weather does tend to cause auto parts to fail and then in the long term. They are down more than 50 year to date oreilly is down in comparison rahel solomon, with the top ten ideas. Joe, ill go to you. Oreilly is the one that caught your eye . This is a quality mid cap name midstream you do see the Analyst Community as you see the price rising, beginning to move away i think it is morningstar who just put out a sell recommendation on oreilly the average price target is 41 11 buys, eight holds, two sells so, look, the nice thing about chips is theres so many different ways to play it. First off its a cyclical sector you can play it in big names, or you can play in a more specific area, and they should you have on semiconnector, which is in this space its a smaller cap, a mid cap. The nice thing is you will get a bigger pop for every incremental dollar so if you think the economy will recover more strongly, a smaller cap name, thats where youll get a bigger pop. Intel, a bit safer thats how i choose to play it but chips are a good place to be were going to answer your questions next well have some answers for you see. Were back in two minutes. Introducing stocks by the slice from fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Stocks by the slice from fidelity. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com save without even leaving your house. Just keep your phone and switch to Xfinity Mobile. You can get it by ordering a free sim card online. Once you activate, you only have to pay for the data you need, starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. 5g is now included with all new data options. Switch and save hundreds. Xfinity mobile. The traders are answering your question. Bob from utah asking is dominion a buy, sell or hold i would Call Dominion Energy a hold this is an integrated utilities. Im note that excited about it i understand Warren Buffett was, thats given a bit of midstream mlps if you want to allocate towards energy, i would want to go to the diversified names. I own chevron. Lindsey wasnt to know, is greenbrier still a buy in this economy . Yeah, so lindy, i do think it is a buy you want in this economy this economy is a recession, so you dont say, oh, great i want to own a railcar manufacturer. You have to look past the canyon, a year, two years from now when the economy is humming along. Three years ago the stock was earning almost 6 a share. With the Strategic Acquisitions they have made in the past couple years, i think theyll be back there and beyond in the coming years so you have to stick through the canyon its a longterm investment. For weiss, which is the best bet . Thats from mario in illinois. First of all, mario, thank you, unlike mel, for giving me something to talk about. Claud aism cloud era, and you have a shareholders thats looking to so im still in cloudera i cant , came back you get what you get, steve thats the way it goes thats the way the cookie crumb also [ laughter ] i get it. I get it. For art in chicago, for liz. Should i rebalance my 401 k and move it to largecap growth at this juncture . Liz. I love a question about small cap, but heres the problem, art. The biggest sector is financials at 22 i like the smallcap space, because it leads us out of the recessions, but i think it should rotate into smallcap growth, which the biggest sector is healthcare and that should do you well. Interesting we have time for another round peter in ohio how do you feel about insurance stocks in general and Cincinnati Financial in particular . Is joe okay. So Cincinnati Financial, liz will like this thats a small cap more property and casualty i like the name. Probably a high teens multiple i would rather go progressive pgr, which i talked about frequently thats personal, personal and commercial automobiles i like that insurance exposure better. Okay. This one is for jim. Alex in canada wants to know if pfizer here is a buy what do you say . Hey, alex, good question, and yes it is. About a monthses ago it got knocked down when the candleser drug failed a trial. Its got a real lead contender on dough individual. I think at this price at a 4. 5 dividend yield, its a great buy. You just have to think these not a moderna or novembio it never will run like that. Its a safe bet, though. Jewels feels like its back to january february sentiment, which was overpriced should i be selling to buy bonds or commodities to hedge . Liz, what do you say if we have another sell offlike we saw in march, i think the behavior would be the same and investors would want to raise dollars, which means theyre going to sell things like gold, sell things like bond in order to hedge, ultimate to use multialternative strategies, and flexible to use put options to protect from those steep drawdowns. Gold prices are hitting neear niyhighs. How the futures traders are playing it, that straight ahead on halftime report. Now is the time to support the places you love. Spend 10 dollars or more at a participating Small Business and get 5 dollars back, up to 10 times with american express. Enroll now at shopsmall. Com. Welcome back to the halftime report. It is time for futures outlook the gold keeps shining at its highest levels since 2011, so is there more room to run with the bull jim, you would have to believe the dollar would be weak the funny thing about the dollar in this whole equation is the dollar is hanging in there but remember, were measuring that against other skircurrencis that the greater market is viewing them as perhaps weak as well i think the gold is definitely reflecting tits unbelievabl how the feds are trying to handle this crisis, too, and ive been long and bullish on this, too. With a target of 1860 on the upside you mentioned the dollar the dollar index itself is not really a good measure about the markets feel about the dollar what gold is telling us is that definitely the fed and the federal government, there might be limitations to how much stimulus they can actually throw into the system without risking some sort of dollar problem. All right and so in the array of metals, jim, we just had silver up and it was up 2 today gold or silver in this environment . Im more long silver than i am gold, so ill have to give it to that. Again, im long on both and like them both, but to me it seems like silver has the momentum right now. Thanks, jim good to see you, jim uorio iuorio i know that every single time that i suit up, there is a chance that thats the last time. 300 miles an hour, thats where i feel normal. I might be crazy but im not stupid. Having an annuity tells me that im protected. During turbulent times, consider protected Lifetime Income from an annuity as part of your retirement plan. This can help you cover your essential monthly expenses. Learn more at protectedincome. Org. Come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. Find a stock basedtech. On your interests weve just been finding a way to keep on pushing. Or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Snhu lets you transfer up to 90 credits [announcer] if youve tried college but never finished, toward your bachelors degree. [woman] it doesnt matter how old you are, you can do it. You can finish. [announcer] finish your degree at snhu. Edu. Take a look at shares of levi strauss having their worst day in more than three months, this after the Company Reported a 62 decline in Second Quarter sales and announced it would be cutting 15 of its corporate work force that stock down 8 right now liz, do you like retail . You know, i actually do like retail, and the Second Quarter earnings numbers are going to be bad. That shouldnt surprise anybody. Just anecdotally, i will say i was in a Clothing Store a couple weeks ago. They were already sold out of a lot of things after only being open for two weeks i think there is a lot of pentup demand here and its much easier to make a decision to buy clothing than it is to buy a plane ticket i think it will come back, but more slowly. When i heard the news from levis yesterday after the bell, i thought, when was the last time i pulled on a pair of jeans . More recently i pulled on yoga pants, for instance, steve weiss. I dont know who is wearing if youre staying at home, are you going to pull on your jeans . Thats exactly right. Its lulu, its not levis and retail traffic will start to moderate as cases spike. I dont see any reasons to own that for me its target which is benefiting from this, more traffic, greater online, even though costs are up. And lulu where youre going to be putting on those yoga pants, which i dont do, by the way i do wear their stuff but i havent gotten the yoga pants yet. Ill leave that to jim im going to leave that alone. Time for the final trade. Steve and i need to be in the studio together to really mix it up this is just a flavor of the mixup that you guys do. Jim lev anthal, who may be wearing yoga pants as we speak, whats your final trade . What is my final trade . I forget, what do we talk about here disney . Oh, disney. Look, they still are on track for july 11th for opening disneyworld. That may whachange, but the bas fact of the matter is theres more reopening going on whether its theme parks or the studios, and the stock is still trading like it was a few months ago its not reflecting the good news joe i like lizs small cap Growth Health care theme. Im going to go with seattle ge genetics, sgn, biotech same thing, i think there is a lot of innovation to come. Steve weiss i think its the worst instrument out there, vix. Its so cheap, you might want to get some that does it for us the exchange starts right now. Welcome, everybody. Im john fort in for kelly evans. The airlines are fading fast as hotels see big drops what it could be telling us about the next move for the market plus, apple continues to rally. Up 40 in just three months. Is this name unstoppable or should investors be cautious of a stock that continues to hit alltime highs and one retailer is down 58 this year. But bank of america says its time to buy. The name and the analyst behind that bold