Its season in orlando despite record coronavirus outbreaks in that state power lunch starts right now thanks the banks and the energy are out performing today as tech takes a breather the nasdaq still up 5 in two weeks. Bob has more on todays market were at the highs for the day. Were close to a bit of a break out. Mondays close, which was the high was 31. 79 were five or six points away from that. Why would it be significant if we get over that thats highest level since the june highs we had. Were looking for a modest little break its a good way the close the week out if we can do that banks are out performing havent heard that in a long time, have you its not going to reverse the down trend for the banks but its nice to see a bit of out performance today. Citigroup, jpmorgan and wells fargo reporting on tuesday its not going to reverse the trends thats good reason for the bank woes out there weve been talking about them a lot in the last couple of weeks. We had capital conconstraints. None of that is good news for the banks. We do get positive growth. I want to show you viveisa verss the s p 500. This will reflect a slow down in spending as people go out. That reopening story again, much tougher than it was a couple of weeks ago looking a lot more like a w in terms of stock market than any kind of v. Back to you. Thank you our next guest says tech is your best bet amid rising coronavirus cases and as we get closer to whats shaping up to be an uncertain election is this the winningsector no matter what the scenario if we do have a v shaped bounce or if we do have sort of a pull back lower. Te i think tech could do well if the market pulls back. Y i think the one scenario where tech would start to under perform would be the best case for the overall economy where you have a vaccine or some other breakthrough that leads people to be much more optimistic about the economy. Unfortunately, thats not our base case which means we still think in either grinds higher or in a pull back tech is likely to out perform the Broader Market ron, there are a lot of potential head winds in the coming weeks we have earning season well be awaiting Companies Guidance if they have any clarity for the back half of the year were awaiting whether or not congress will pass more stimulus by the end of the month before they go to recess and looks like a widening chasm between republicans and democrats that could make it for difficult for something to be passed i think they get some motivation for what were seeing as a pull back in the economy and reopenings of states around the country whether its california, florida, texas, arizona, big states, big economy states youve got that. I would disagree a bit with russ on the market. The s p and the unweighted s p which would adjust for those really big names that have driven the s p 500 higher is as wide a gap as we have seen in history. The disparity between the nasdaq 1400 and the s p is extraordinarily large in terms of performance this year 22 Percentage Points ive even more worried this week than in the last three this market is well over due for a pull back. I think will be not only the disappointing earnings and lack of guidance but this extremely jagged recovery and concerns about whether or not it will be a consensus on stimulus. Why cant that condition persist in this environment . I mean i guess it can its hard to use valuations and kind of these historic cal relations as a timing tool for when the market is due for some sort of pull back. I see a lot of excess in the market its true they are earning money and have free cash flow. I think this market is extraordinarily stretched even with rates low even if the economy should show some signs of resurrection which its not doing im wondering how you value the market and whether or not anyvaluation of this matter really matters in that the earnings estimates, i dont know, i think they are probably baloney in terms of what analysts can see what ceos and companies can see and forecast for the rest of this year or next year, for that matter i think thats fair you have less visibility than any point in our lifetime. I think theres a couple of things we can rely on. Its not that valuation doesnt matter it matters a great deal. It doesnt matter in the near term even in a normal recession, when you look at p e ratios at the bottom or close to the bottom, they will always look inflated you need to use a more robust valuation metric we have been looking at long term cash flows going out 30 years. I dont think the market is as overvalued as it appears on normal metrics going back this question about tech when you do those measures on tech it does not look that stretched. The rate environment favors Long Duration assets like technology. Theres this question of quality and earnings consistency will be people value most in the environment of uncertainty they will value a strong Balance Sheet that gets you to the other side and value earnings consistency. Those characteristics are founded in technology and health care this is part of the reason youre seeing that resilient strength even though a lot of these lines look off the charts. Russ and ron, thank you thank you lets go to the bond market now. Rick tractioning the action out for us in chicago. What do you see . If you look at the 24hour chart you see a bit. About 5 00 in the morning, they were at 10 basis points. They are down about five on the week i would like to draw your attention to the fact that even though two year, fiveyear, 7year were all in position to make new all time low yield closes, only one maturity did that the others are still in play but rates have firmed. Bob was talking about the yield curve. Theres a lot of ways banks can make money the yield curve may be one of those isolated by this dynamic of the variance between short and long term rate to that end, this chart is hovering near two month lows meaning at 47 basis points, yesterdays 46 close was the lowest close since the first week in may. Melissa lee, back to you thank you check out some of the tech names hitting record highs amazon, nvidia, netflix, zoom video. Plus Charles Barkley has his doubts about the nba restarting its season amid a surge in virus cases as practices gets under way in orlando l ins ghafr isth quick break. 300 miles an hour, thats where i feel normal. Having an annuity tells me my retirement is protected. Protected Lifetime Income from an annuity can help your Retirement Plan ride out turbulent times. Learn more at protectedincome. Org. Iredefined the wordng thschool this year. Its why, at xfinity, were committed to helping kids keep learning through the summer. And help College Students studying at home stay connected through our university program. Were providing affordable Internet Access to low income families through our internet essentials program. And this summer, xfinity is creating a Virtual Summer camp for kids at home all on xfinity x1. Were committed to helping all families stay connected. Learn more at xfinity. Com education. Welcome back were just a few weeks away from seeing our favorite babble players go head to head for the 2020 championship. Worries remain on how they will keep the virus out of the hot spot in that state it comes as the bigten announc it will go to a conference only season for all of its fall sports, potentially a huge hit coming up to talk to us more about all of these sports trends, Charles Barkley, hes join me and lia ghafr messrit te this stay with us this is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Welcome back this weekend is the American Century championship out in lake tahoe. One of the stars is none other than mr. Charles barkley, the former nba mvp and who joins us to talk about the tournament, about the status of sports in this country and so much more. Its great to have you here. Welcome. Thank you for having me i know your tee time is literally a couple of minutes away so well take it right up until you have to run. What will happen with the nba bubble is this a disaster in the making im hopeful and optimistic but i think you have to be realistic. The chance that we can go three months without having an out break in the hottest spot in the country right now, i think youll have to be foolish to think we can go the whole three months without any positive tests. Then theyll have to make a decision whether to cancel the season or put the see on hiatus. Were all flying in the dark i dont think anybody knows what will happen. Its impossible to tell let me ask you something if you were one of these players, would you have any qualms about participating well, i think you have to look at the big picture if youre player. Number one, if the season is cancelled, theyre going to lose 2 billion the next couple of years. Thats a lot of money for these players. Thats their money and could put it back in their communities i think thats the main reason they have to play if its possible yeah. Theres a lot on the line. Listen, the whole public, people would love to have these games return to get some sense of normalcy its a difficult time. What is your im curious about the College Sports too theres so much at stake i know youre a huge fan down south. The football seasons and whats going to happen there. What to you think . Should they go ahead an give it a try and see if they can make it through or should we be showing more caution i think football has a huge advantage. They will get to the chance to see major league baseball, nba and hockey whether well have a great result or crash and burn football, college and pros have a couple more months before they have to make a decision. Our teams are in florida now i know the hockey teams are starting soon. Baseball starts next week. Those football players, their organization have a huge advantage. Theyll see how things go for us the next month before they have to make a decision well be like guinea pigs. You absolutely are. One of the other things thats happening with the seasons is the social justice messages. Is there too much politics in sports whats happening now, we turn it into a circus we spend time worried about who is kneeling and who is not whats being said on buses i think were missing the point. We need Police Reform. We need Prison Reform and we need those are number one and two things we need to focus on we need to good cops out there policing the bad cops. We need Police Reform an Prison Reform the media, we all got a job to do they will spend all their time on whats on somebodys jersey and whats on the buses and who is kneeling and whose not kneeling thats going to defeat the purpose. My concern is turning this thing into a circus instead of trying to do some good stuff. Even if the media didnt focus on it, the players are choosing to have messages on their jerseys or not choosing. Do you think in acountry in which things are so divisive now that maybe sports should be the one island where you can go and people can feel united because there isnt any controversy . I think its a great question i really dont know the answer to that because, obviously, we are in a divided country and sports used to be a place where fans could get away from reality. Now its such a mixture. I think its going to be fascinating watching what happens with the fans. The fans are going through the pandemic and they dont want to see a bunch of rich people talking about stuff all the time i think its i dont think theres a right or wrong answer but these people all have lost their jobs they are struggling financially. They wont get their jobs back the last thing they want to do is turn on the television and hear arguments about stuff all the the time its going to be interesting to see how the public reacts. What do you think, you mentioned how people need to get their jobs back. Thats the number one thing for the whole economy. A lot of it has to do with their kids being able to go back to school how to you balance those risks what are your thauoughts on if its safe enough for the kids to be back in the classroom im talking kids of all ages from college age right on down to kindergarten. Youll have to be a fool to think your kid will be safe at school now i dont think theres any way to start school i really dont i dont think its fair to put those kids in that situation before we have a vaccine or know a lot more about covid also i think the one thing that is scary is we have a great disparity in this country between the rich and the poor. The one thing virus will do will mag nify it. Some of the kids are talking about having 10, 12, 15 schoin school and the rest at home. A lot of kids dont have computers at home. That will make the gap explode more its a crucial time in our country. I hope we get some adults that know what they are doing and stop screwing around and dividing the country dont hit Patrick Mahomes with your club ive been told hes the most valuable person here today ill be careful. Well be tuning in. Thank you for having me have great day Charles Barkley lets get to seema mody. Ceo Arnold Donald said nearly 60 of 2021 bookings are in first three weeks of june. It can break even at a reduced occupancy to accommodate social distancing on board. Lets bring in the trading nation team here to discuss. Mark, best performing stock on the s p today but still down about 70 from its recent high carnival still looks like a gamble we dont know a whole lot. Theres two charts to put this into perspective one is a daily it shows the stock down about 30 since june 8th the market has been down about 11 . You can make a good case for its risk reward and maybe the worst is behind us and the market is f forward looking. When you look at a weekly chart and monthly chart and put this into perspective and the stock is down over 75 in two and a half years its a lot of uncertainty to want to own the stock long term. We have seen an improvement in the Economic Data is that bullish for the consumer and therefore the cruise lines as well . It may be slightly bullish for the consumer but when it comes to these types of companies they have a huge amount of debt on their Balance Sheet. They are lower quality companies. You want to look at the three rules of engagement. Look at companies that are consistently growing, profitable, High Quality Companies that dont have a lot of debt on their Balance Sheet look at company like union pacific, for example or merck. Those are Value Companies that havent participated in the upswing. Thats a good point thanks for joining us today. Dont miss cnbc interview with Arnold Donald on closing bell. Head to our website or follow us on twitter back to you. Ahead on power lunch, Colby College is planning to spend around 5 Million Dollar on covid testing in order to bring students and faculty back to campus the schools president joining us next. A ton of names hitting new highs. Mark mahaney is listing his top plays. Hell share those names when power lunch returns. Youre first. First to respond. First to put others lives before your own. And in an emergency, you need a network that puts you first. That connects you to technology to each other and to other agencies. Built with and for first responders. Firstnet. The only officially authorized Wireless Network for first responders. Because putting you first is our job. 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. Welcome back here is your cnbc news update. Tropical storm faye is nearing the coast. Its expected to drop two to four inches of rain from delaware to southern new england with maybe up to seven inches in some places. Louisiana confirming 2600 new cases of covid19 since yesterday. Thats the second highest daily total since the pandemic began hospitalizations also rose and they are now above the level they were when the state began its reopening back in may. The American Academy of pediatrics, two National Teachers unions are pushing back from pressure against the white house to reopen schools. Health experts should make recommendations based on evidence, not politics youre up to date. Thats the news update this hour back do you. I dont know, faye seems to be right outside our window thank you shares of walmart are up 9 for the week kelly. Pediatricians and teachers are pushing back against the president s plan to reopen schools. Lets get to ylan with more on this story they are joining with teachers and School Administrators to warn President Trump against defunding education. In laa letter they wrote with Holding Funding for schools that do not open fulltime would be a misguided approach putting almost financially strapped schools in an impossible position that could threaten the le health of students and teachers. They clarified that schools in covid hot spots should not be forced to open we know that President Trump is no fan of Virtual Learning rerailed against it today on twitter and he wrote that schools must be open in the fall if not, why would the federal government give funding. It wont republicans and democrats have pointed to schools as being a critical component of the next Coronavirus Relief package what youre hearing from Doctors Today is it could cost more money, require a bigger federal investment to reopen schools safely back over to you its complicated. I mean especially because are we supposed to have the science settled before we make this decision it has to be made now especially if schools are looking at expanding capacity and adding teachers and doing all these different programs thats exactly right. Its really a very difficult situation for parents and educators. Thank you colleges nation wide are faced with challenge of reopening as the coronavirus cases rise in some cases Colby College plans to have 2,000 students back on campus. The college is spending 10 million with more than half of that to cover 85,000 covid19 tests in first semester alone. Here to tell us more about it and to look at the path forward for education is daifrvid green, the president of Colby College great to speak with you again. Thank you youre saying that parents feel better sending their kids to colby than keeping them at home can you tell us about your testing regimen . You bet i live on campus as well and my son is a student here. I know how important it is to keep everybody safe every single day. Well be doing a really multilayered plan for colby. Testing is a central component of it but not the only component of it. Well be testing everybody prior to their arrival well be testing them three times a week when they get here and two times a week every time tlo there after. The idea is to be able to identify people who might be infected before they are contagious that allows us to then quarantine those people, to Contact Trace and to isolate other individuals as we need to and thats going to really make a difference in terms of being able to ensure that when we have the virus on campus because were sure well have it at times. It wont be spreading. Have you looked at whats going on when it comes to students returning to campus for College Sportss. Im thinking about college football. What happens when theres a spike on campus if you have everybody back, how do you quarantine those students properly and what sort of precautions do you have in taking care of those students . You bet its a great question. Testing is not the only part of it well have people wearing facial coverings. We have social distancing in place. Were changing the way were doing our dining we changed the way were cleaning our campus. Its one part of an overall come prehenceprehensive here. If students are infected, they will be in the hotel well give them food, medical attention and allow them to take courses remotely during that time until they can test negatively on multiple occasions. We have plan in place that really is designed to be able to ramp up any kind of restriction that is important depending on what we see in terms of the virus on campus. Were restricting visitor, travel were really locking down for the 3,000 members of our community, we are looking it down as much as possible how much more is this all costing you and are you going to be breaking even for the year this school year its about 10 Million Investment overall but half of that is going into the testing if we do, well see. Breaking even is not the most important thing. I get that you want to keep the students safe but the question goes to if you keep running the school at a loss, eventually providing the students with the best education possible will get more and more difficult if theres a budget shortfall. The good news on this is we have been hearing from all of our students and their families and they are coming back the vast, vast, majority of our students, well have students enrolled on campus were not seeing a situation where enrollments are dwindling and people are not deciding to show up. We had about 30 students who said they are taking a levave. Everybody else is planning on enrolling. What would your thought process be for high schools and younger kids and any sports at those levels who are trying to figure out what to do and maybe dont have your resources at hand its very hard. This is where the u. S. Government needs to step in and not say open or else they really need to think about how do we support you in all of this how can we help you have the testing that you need. How can we put the safety protocols in place how can we use the best science and best practices to allow you to carry out education because we do not want to see a generation that is left behind that seems like the single most important thing. Sports are great but thats not the most important thing the education is what really matters for these students this is where the government needs to step up and help out. The last time we spoke to you was the end of may we have seen joblessness gone up when families have their need changed have you seen an increase in requests for Financial Aid we have we have seen it but its been more marginal. Were seeing such a di vvide in the country and lower income wage earners are being affected the most for those families coming to colby, they are already getting a full Financial Aid program where they are paying very little, zero often for family contribution to be here. David, great to speak with you. Thank you. Thank you the oil market is closing for the day. Lets check in oil prices climbing today with brent finishing the week in positive territory and wti just shy about flat on the week once again topping the big 40 level. The revised picture comes despite a Record Number of new coronavirus cases in the u. S. With the iea saying the oil market has made progress but noting the pandemic is not under control. While demand could continue to improve, supply is still saturated as the u. S. Rig count falls the a record low for its tenth straight week. Back to you. Thank you heres whats ahead. The tech stocks to watch in the postcovid world will meet a private butcher and todays movers including a speck stock that is soaring. Usaa is made for whats next no matter what challenges life throws at you, were always here to help with Fast Response and Great Service and it doesnt stop there were also here to help look ahead thats why were helping members catch up by spreading any missed usaa insurance payments over the next twelve months so you can keep more cash in your pockets for when it matters most and thats just one of the many ways were here to help the military Community Find out more at usaa. Com in a highlyconnected lexus vehicle at the golden opportunity sales event. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Welcome back we start with wells fargo. Its been the dog of the banks this year but its upgraded to out perform saying that underperformance is a buying opportunity. The stock is still down 50 this year but its up nearly 6 now if you have red fin that stock is falling on a downgrades to sector perform they are saying the 400 rally has made it down we end with the stock benefitting from the spak craze. Spartan rising for the second straight day after routers reported its in talks coronavirus out breaks have caused shutdowns at meat packing plants throughout this process lets explain how some people are getting their steaks instead. Well, kids, if you dont eat meat, dont watch. Youll about to find out how the sausage is made. Most americans are eating meat they are turning to private butchers after buying the animals directly from the ranch. Find out the whos, how and how much with problems at meat packing companies, some are skipping the middleman and going to the butcher themselves. Reporter you know, theyre very busy here now some folks have been buying their meat a long time this way. As supplies have run short and covid is shut down packing plants, more americans are going strictly to private butchers to get their meat you buy a whole or part of an animal from a rancher and a private butcher processes it for you. Its not mandatory to have a usda meat inspector here one does come. New businesses from new customers is way up. The slowest part of the year that i have every year is from march 1st until memorial day thats our slowest part of the year you could say it went up 100 with the covid reporter i put on social media, who is doing this for the first time the response was incredible. A heard from a lot of people including james brown in North Carolina who started doing this because he was concerned about the supply and the safety. Well just be buying from this local producer from here o out. I have no intention of going back to the grocery store. Reporter the cost can be comparable because youre cutting out of a lot of the is up supply chain. A whole cow would range about 7 to 12 a pound. Thats everything from filet to hamburger. Say family of four, two growing boys, two adults how long will this cow last . Im asking for a friend named sandy. Reporter im telling you, there is here is the short ribs here. Theres so much meat on one animal, you will only have to buy one a year a year. Reporter ive learned a lot. Having been in here, ive learned a lot. A year. No way im going to buy a cow if thats the case . Reporter can one cow per family of four, how long will it last at least a year you put it in flereezer, you get freezer burn. Reporter freezers are in short supply because people have been doing this. They are buying whatever meat they can how much does a cow cost . Reporter well, youre talking about 7 to 12 to buy a whole cow, 7 to 12 a pound. Grain fed. How much does a whole cow cost you in. Cost you about 7. 98 a thing. The whole thing the animal and our truck. How much pounds off a cow about 480 about 00 ti500 times 7. About 3500 bucks. Divided by 12 months, youre spending a little less than 300 bucks. Im putting in amy order looks delicious youll have a surge of interest from new jersey a whole year holy cow were seeing a reversal of the recent trends. Its the dow leading the way the nasdaq is trailing behind Technology One of the weaker sectors. Top tech analyst will give us his best picks for the postcovid world next. You can watch or listen us to live on the go on the cnbc app well be rig bk. Htac [squeaky shopping cart] [sniffing] is the salmon wildcaught . She only eats wild caught. [cash register beeps] uh, i need a price check on honey. Dont get mad. Get e trade and get more than just trading. Investing. Banking. Guidance. 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. Welcome back we have a market flash onned video games hitting new highs today josh lipton has more for us josh so, kelly, check out the big video game publishers hitting new 52week highs in todays trade. Ac activision and blizzard. Same goes for electronic arts. Trading at levels we have not seen since the summer of 2018. And take two is actually trading here at all time high levels since the ipo. That was back in 1997. Of course, investors bid up the stocks all year long betting as people stay home, look for in Home Entertainment due to the pandemic back to you. Josh, thank you Cloud Company rack space filing for a new ipo second time entering the Public Market leslie picker has more on this hi. Thats right in case you heard that story before, its the second time apollo backed rack space disclosed the ipo pro inspectous today. They provide Cloud Services and post 2 billion in annualized reoccurring revenue. The first time they went public was in 2008. It was then acquired by apollo todays filing did not diz close the sides of the deal. Reports indicate it could val unite company upward of 10 billion including debt so theyre talking about the markets now. Its one of those things where weve seen a huge slew of ipo news this week weve seen news, of course, from rack space, another filing confidentially for their ipo and we heard from the parent of quicken loan thats is expected to have a multibillion dollar ipo as well. Rack space does plan to list on the nasdaq with the Ticker Symbol rxt Goldman Sachs citigroup and jp morgan are managing this deal. Guys all right leslie, thank you very much. Leslie picker with the latest ipo filing this week now tech has been an Unstoppable Force lately the nasdaq is at record highs. Now up nearly 18 this year. It is crushing the returns of the Broader Market amazon, nvidia, netflix all hitting record highs today and they have huge gains were laying out which tech names are best positioned now and post pandemic. He joins us now. Mark, welcome. Hello. What is the main difference twenty name you like now and the names that you think will work post pandemic . I like netflix and amazon, so does everybody else. What i looking for are names that fundamentally that have not recovered. Those are travel names they havent so booking. Com is one of our three top picks. And then the ride sharing names havent recovered either theyre still showing 75 year over year declines unless they are structurally flawed and we just are not going to uber like we have in the past, i think we will, if that happens, there is a recovery there. There is removal of overhangs. I think can you see a material rerating in uber like weve seen in some of the other stocks like spotify and then the one we also like in terms of the top three picks is facebook. I think people underappreciate how much of a v shape recovery opportunity there is in the internet ad space. So online travel, ride sharing, facebook, these are names you think should work for the remainder of the pandemic. What about that fact whenever we get there, we pray its sooner than later what kind of investments you would recommend . Im sorry, so let me try this those are what i would call recovery stocks. So i think the market already sort of anticipating what will work post the pandemic and sometimes will be pandemic on and off in the market. The best defensive stocks if were going to continue and shelter in home, they go back to that in the future, those stocks are the ones that they figured out. There are streaming names like spotify and Amazon Online retail is the clear structural win look, we all have to keep shopping were going to have to force to do it from home. And then all the other entertainment spend, all that is going into our Online Retail pocketbooks and wallets. So i think thats on line retail, the longer we stay in a pandemic, the stronger the retail will be and that will continue to lift names like amazon. Mark, i want to ask you specifically about amazon. Walmart announced it would be offering a subscription based service. And we saw shares of walmart climb 9 on the week on optimism surrounding that offering. And the potential business that would bring to walmart do you see that as a negative in any way to amazon or even just proof that there could be competitors out there that had not existed before yeah, melissa, thats a fair question i dont want to sound complaisant. I think its too late. We did our annual survey work. Weve done it for ten years now on amazon. And were seeing an inflection up in prime subscribers. Will amazon at the beginning of the year announced 150 million global prime subscribers we think theyre going to end up close to 200 million about it end of this year its maybe not too surprising that a lot of people on the cusp p buy from amazon but should i sign up for prime, you go through covid19 where all the purchases shoot up, you sign up for prime. I think walmart trying to dent the prime program at this point is just too late they should have done this five to ten years ago and i also want to ask you about the impact the fallout from tiktok. We pinterest and snap rise is there a benefit if tiktok got band in the u. S. I think there would be. I dont think it will get banned that is out miff league. So, look, in terms of the demographic overlap, you know, it is very strong between tiktok, young people, gen z and snap chat. The overlap really is with things like youtube and instagram. And so either way, you shut down tiktok and its been phenomenally popular based on work weve done, i think youll have a lot of people looking for that functionality and flip over to the other sites i think it will be a positive for snap, facebook, and for Google Youtube i dont think it will happen thats how it would play out if it did mark, let me flip back to the ride sharing play. You mentioned uber you trimmed your price target on lyft why do you think uber will have the upper hand here . Looctik, we like both assets the question is which stock do you prefer he always had had a preference for uber they have 70 market share in the history of tech, they made more money buying the market share leader than the lagger secondly, uber has strong leadership position and Global Markets total adjustable market is bigger than lyfts. Then we think that there is this are real synergies between ride sharing and eats. If that is true, uber has those potential synergies, lyft doesnt. All right mark, thank you so much, sir we appreciate it thank you, kelly. Rbcs mark mohaney. Quick check of the markets. The real standout in todays session, the dow up by 1. 2 . S p 500 is up by. 8 banks leading the way. We had a big show. We had we talked beef w we talked barclays. Im ordering a cow you are ordering a cow . Its a lot of meat. I know. Its a big command. The idea of having stuff for a year, i mean that, is pretty compelling one other topic today, melissa i thought was interesting. Tesla n idea about whether or not it should join the s p 500 it is now the 16th largest stock in america you have more and more of these Companies Creating the market caps outside of the s p 500. Youre kind of darned if you do and darned if you dont. If you add it in, you have the entire tail wind behind it a jaw dropping move in the stock. If you dont, then, im not sure what it is suppose to be emblematic of. 4. 5 trillion indexed to the s p 500. So that will be, you know, how much money we would have to chase tesla at this point. A lot of people are saying the recommendation is to buy tesla ahead of the inclusion of the s p 500 at which point many investors have to get in just because of their mandates. The thing to keep in mind that, will be a big benefit for tesla shares quet the question is will it dampen the wild volatility in the long run and could it dampen the upside if it gets included in the s p 500 and much more pinned to market activity overall yeah. The question is can anything dampen the up side at this point . Its up 7 anyway, that does it for us on power lunch. Closing bell starts right now. Thank you. Welcome, everyone, to closing bell. Im sara eisen here with wilfred frost. Stocks ending the week on a high note storming higher in todays session. Lets take a look at what is driving the action reopening trades are gaining ground carnival and airlines higher as gilead says the antiviral treatment reduces mortality risk from covid19. More optimism for big tech netflix is up a few percent today. 16 for the week one high profile investor is raising a red flag on the name and President Trump says the u. S. China relationship is severely damaged and a phase two trade deal is not a priority it is not having much of an impact on sentiment. 59 minutes left of