I think corporate activism which seems to be on a course with conservative values. That and much more on making money. Charles after a difficult week for the markets that saw a big selloff on friday, you know what . It is no surprise that were up today. At least that is what history tells us. It worked like a time. For the past 10 years buying a dip is a major moneymaker. It provided best opportunities on friday with 2 or more losses. The result has seen monday rebounds up 70 of the time. Over the course of the month up over 90 of the time. Over time history is repeating itself. I will bring in Money Map Press shah ghailani and Gibbs Wealth Management president erin gibbs. The market finds way to bounce back from the friday selloffs. We started out pretty wobbly today. What do you make of the rebound so far . Charles, it is like you said it is expected. When we see massive over2 drawdowns on friday. It gives everybody two days to calm down, to reassess and really realize maybe they were overblown on some of the fears we saw on friday and well come back. Buying dips, looking for value where there is very little value these days but the sentiment is a little more positive today. Neil shah, when you Start Talking about tells, right . You go talking about thursdays session we rallied in part because people thought the stress test would be okay. Nike may have great earnings. That didnt happen. Selloff on friday was not as bad as it could have been either. That might be a sign that we could get a bounce today. It was on heavier than expected volume. That was a bit of a problem for me. Dont like to see the volume on those cases. When we had selling down especially into the close it has been a pretty strong volume but that is a negative. But coming back on monday as we have, we have done quite often now. That is positive sign. Maybe investors dont want to hold over the weekend and take profits but right back at it on monday. Very positive signs overall. The market showing tremendous strength, at worst we may be consolidating here for another leg higher. I love the consolidation. We dont talk about it that much. Talk about v for victory or in this case v for recovery. We got extra boost home sales came out well above consensus. There is the Dallas Manufacturing report. Just like richmond, filly, empire state report, all enjoying oneofakind record breaking recoveries. Shah, start with you, then go with erin on this. Is vshaped recovery in the cards with your work . It is in the cards but a little less likely than i thought it might have been two month ago. The numbers are absolutely terrific. They are coming right off the bottom. I dont know whether that is sustainable theyre going to be. So far so food. Good. I think we have yet to see some pain from the bankruptcies really unfold and other things i think consumers are facing. Charles although i will say ive been doing work on bankruptcies. Chapter 11s are nowhere near where they were march, april and may of 2009. Erin, vshaped recovery in the economy, not the stock market, is that still feasible for you . I dont see that. Even though we have a few positive numbers, charles, when you look at jobless claims, much more persistent than were expecting. Were looking at the amount of consumer spending, the amount of credit out there, the creditworthiness of companies because theyre just not able to take on debt. They dont have the revenues coming in. I think this is going to be a swoosh. This will be a nice slow swoosh. Charles okay. I dont see charles we to the you down for the swoosh. Erin, shah, wait right there i want to two major market moving stories. All eyes on boeing at the start of trading t led the dow up. It has been doing well. The faa testing the 737 max. Jackie deangelis joins us with details. Jackie. Reporter thats right, charles. The boeing 737 took to the air again today. The faa cleared the way for several key test flights to recertify the aircraft. The faa just issuing a statement. Quote, the certification flights are expected to take approximately three days. They will include a wide array of flight manuevers and emergency procedures to assess whether the changes mead faa certification standards. The flight took off for the first flight from one p. M. Eastern time from boeings facility in seattle. The 737 max, remember, has been grounded for 15 months after 346 people were killed in asks involving that plane. Obviously a human tragedy but having impact on the stock over the course of the year as well. When the last crash took place march 10th, 2019, boeing was trading just under 400 bucks a share. Since then boeing conducted a number of its own tests made critical fixes to the 737 max jets but this test by u. S. And air safety regulators would validate if the hardware and Software Changes the company made would actually comply with the certification standards. The faa says there are more valuations. This could take several months Going Forward from here, there is more seal of approval to come. So far the most definitive thing weve seen with respect getting the planes back in the air. Boeing has conducted more than 2,000 hours of flights to test the fixes but after so batched press there is still one big question and it is about passengers and consumers. Are they going to want to ride in a 737 even after all these tests have been done . Are they going to be able to feel, and trust that the planes are safe . Charles, i will add this, anxiety is so heightened when it comes to getting on a plane because of the coronavirus, add to it, the fact that the 737 has had these accidents in the past. You wonder, you know . Charles you certainly do, jackie. Thank you very much. Im going to ask our panel. Lets go back to shah and erin. Shah, boeing is the number 2 age gainer in the s p and the airlines are in the top 10. Southwest got a strong commentary from goldman today. Boeing at these levels, is it attractive to you, the longterm investor . Long term, yes. We all hope, i certainly boeing hopes more so than anybody else that the certification process goes smoothly and the planes are cleared to fly. However jackie brought up an excellent point, are passengers going to push back on 737 maxes . I dont know about that. What i do know they lost a lot of orders. A lot of orders have been canceled. I dont think they are out of the woods. Stocks are under pressure. I would love to see it down 150. Longterm hold, absolutely, no question. Charles i dont know. I dont know if it is going back to 150. Erin, if the stock gets through 200 and it will attract more buyers and higher share price targets. Whats your thoughts . The 737 max, you have got to go remember that one of the impacts were the existing planes where the airlines couldnt use it and huge negative for the airlines this. Is more positive for airlines that had a lot of 737 maxes Like American Airlines versus boeing. Charles right. Those new orders are not coming in. It is not necessarily because of the concerns about a 737 max. It is because airlines dont have enough flights to buy new planes. There is no justification. Charles right. So we know most revenue is coming from defense really where boeings gross is and i would be very hesitant in an industry that is in a longterm, looking to be a very long time decline, mainly the airline industry. I would be very hesitant around boeing and any positive news around the airlines. Charles okay. Airline 737 you mentioned, american, southwest also fits that. Erin hold on again. Also today more and more companies are piling on, cutting their ties at least temporarily with social Media Companies particularly with facebook over hate speech. Susan li is with us more. Susan. Susan charles, 150 brand and last few minutes we learned best buy and clorox, joining the rest, cocacola, unilever, verizon and levis. They are starting a movement started by a coalition of nonprofits and naacp and facebook and divisive posts and theyre pausing their advertising and spending on facebook. Now friday we saw the stock drop 10 . Today, were in a the about recovery after a loss of 3 in the Early Morning session. We did wipe out fridays stock market action, the action wiped out 50 billion of market cap for facebook itself and 7 billion off Mark Zuckerbergs personal net wealth and worth. No longer the third richest man on the planet. Mark zuckerberg was giving a concession of labeling posts in the future. Listen. So we will start labeling some of the content that we leave up because it is deemed newsworthy. People will know when that ding nation has been made. Susan we do have the stock in rally mode. Analysts have reaffirmed their confidence in the stock. Jpmorgan still citing as overweight, price target at 245. Raymond james maintaining strong buy recommendation. Bear saying facebook is still a buy in their view and worth 300. The brands are not only boycotting facebook but social media in general. Twitter and snap falling during fridays session, rallying along facebook. People take this into assessment this is similar to 2018, remember brands were pulling advertisements off youtube. In that case, alphabet, Parent Company of google didnt lose that much money on the bottom line. What it ended up doing, google increased the policing on the website. That is something many people hope this time around when it comes to facebook itself. Charles right. Facebook, by the way, charles, is in a very good financial position, better than most in this environment. 50 billion of cash on the balance sheet. Charles susan, thank you very much. They can certainly ride it out. Lets add one more name, folks. Ford, breaking news, ford halting their social media advertising. I want to bring erin and shah back in. Erin, i have my subscribers take profits on this on thursday. I felt pretty good, particularly earlier today when it was down. It made a 13 point reversal. Already buy on indidders are there. Is this to dippers. Is this susans point, talking 10 of millions when they did 17 billion in advertising revenue in the First Quarter . I think is the opportunity to buy on the dip if you want to buy the fang stocks. Most of these companies were going to reduce their advertising spending anyway. Almost every company is reducing this is a great way to reduce your advertising and get free press about reducing advertising spending. It is in everyones interest to jump on the bandwagon briefly and come back when Facebook Charles that is called, yeah, that is called the old winkwink. Virtue signaling. Exactly. Charles shah, youre a buy on the dipper, what about this one . I think is opportunity to get in here if you dont own it already. It is a attractive level. Zuckerberg and company will have to do something and do it quickly because this is money, may be not a lot of money in the sum total of revenues. Will be enough to impact them and motivate them to fix the problem. That stock bounces as soon as we get good news what theyre going to do. The advertisers will come back to the table. They want to be advertising on facebook. The stock bounces. Charles all of them have said just where found quarter. We should make a note of that. Real quick, shah, typically over the Financial Media leading off covid19 cases market spiking when they go up i dont hear much about it. I look at deaths the next two weeks. I dont think they will go up as much as cases this could turn into more positive story as mortality rates go lower. How are you adding covid19 into your daytoday transactions in this market . It is really about are we going to sealockdowns in big cities . If we are how pervasive is that going to be and what is the trajectory of infections and mortality rate. I this were going the right direction. The spike were inevitable. Some economies were open too soon. People are not actually doing what they were doing, that is the real problem. If people wear mask and social distanced the way they were supposed to we wouldnt have the spikes. They willing if that out. Obviously the market discounted auld of that. The market is correct. I think it will continue to be correct and go higher. Charles erin, quickly, just tell us, if it is impacting the way youre investing . Charles, we have to weigh the three weeks after the case spikes to see what the mortality case is. There is about a threeweek lag. That is when it will hit people about whether they will start closing down economies and start opening them back up. Charles okay. Shah, erin, we covered a lot. Thank you both very much. Youre both brilliant and helped us both very much youre both brilliant. Thinking about the Facebook Advertising boycott, i think it is creating a slippery slope. I will discuss the real possibilities that conservatives will have to hide their beliefs. I want to get a read from tammy bruce from all of that. Wearing a mask could help stop the spread of covid19, we know that but were are there, so much political controversy surrounding this . Liz peek will weigh in on that at 2 40. Charles so with social media under fire from advertisers for hate speech regulation is there a worry the movement could get out of hand . Sure there is an issue of finger pointing. Many of these companies deflecting from their own shortcomings including not hiring americans to do these jobs but a study of corporate activism trends silencing of conservative thought on line to eliminate conservative culture, perhaps the workforce within. Companies themselves i think a lot of them, are guilty of this. To sort it all out Fox News Contributor tammy bruce. It has been far too long. I know are. Charles what do you make of that corporate activism were seeing . Youve said it of course perfectly and it is not something that we have to be aware of, it already has happened. There is not one liberal out there who is worried they will get banned or labeled by facebook or twitter. It is only conservatives who worry about that. Individuals who challenge the existing liberal narrative and the status quo. Companies when they move in to push facebook about hate speech, everyone in their mind, they know theyre talking about the president of the United States tweets or his messages or their videos and this is what were talking about here. So it does send a direct message and already, im certain, certain conservatives are already selfcensoring. That is the other point of this. And sidney powell, Michael Flynns attorney, has been suspended on twitter. I believe that has now just been lifted but they couldnt explain, at least at this point why they closed her account. I mean this is a very wellknown woman with extraordinary legal success on behalf of an international, an internationallyknown man, internationallyknown case and they suspended here and cant explain to anybody why that occurred. Charles right. Companies that engage in this is virtue signaling. Goes to one side of the political aisle, that is censoring of political ideas. Charles you know, i tweeted out yesterday does anyone else see corporate activism where it is heading . Talking about the conservatives having to hide their beliefs at work. This goes even beyond the facebook stuff. Were seeing more and more, where you had a College Football coach who wore the wrong tshirt. Where you had a ceo of a company who donated money to republicans. I mean i really kind of concerned that, conservatives really are going to have to hide who they are when they go to work. They could be outed on social media and could actually start to lose their jobs. Yes. This, if the argument this is supposed to be about racial equality and of course the National Conversation about Racial Justice is that if you have stunts or actions like this to punish individuals, you know it can also then be taking the place of genuine action internally, whether toppling a statue or changing a logo or punishing someone for wearing a tshirt, distracts people into stopping to think about, wait a minute what are companies doing internally to make a difference . What is ford doing separate from saying were not going to advertise on facebook . I would also caution that it wont stop at perceivedded conservatives. It is about issues of faith. So people of color, black americans, who are people of faith are going to find that theyre going to be part of this problem if they are people of faith. It is expressed at work or even, youre right, not at work. Are they also going to be targeted . I think the answer is going to be yes. We see Police Officers who are black being targeted at the demonstrations. So while it is under the cover of social and Racial Justice which we all certainly understand and agree with when it comes to equity and fairness but we also are looking at africanamericans who are being targeted by the same kind of tote tearianism, in and outside of work because of what they choose to do for a living. Charles just moments ago, earlier today, twitch an amazon video site got rid of trump content and called it a hateful contact, the subset, the donald at 790,000 users. They took it off, theyre apparently trying to cleanse the site. A pleasure. Thanks, charles. The pandemic how consumers habits are changing. Should that change the way we invest in retail . How important is it . Gap thinks it founded a savior in a former employee, now megarich rapper kanye west. What i learned from kanye west about believing in yourself and never letting the crowd crush your dreams just over a year ago, i was drowning in credit card debt. Sofi helped me pay off twentythree thousand dollars of credit card debt. They helped me consolidate all of that into one low monthly payment. They make you feel like its an honor for them to help you out. I went from sleepless nights to getting my money right. So thank you. Charles well we learned on friday American Consumers increased their spending by a record 8. 2 in march or may, rather. It actually fell short of loftier expectations. We want more than just an easy to use website. We want to be able to dash over to pick up the stuff we just bought. Cheryl casone joins me now with more. Cheryl . Cheryl charles, life is so different now, right especially how the u. S. Consumers consume. Since were a consumption driven economy, it is important to look how things will be different maybe permanently for the nations retailers. During the first week of the pandemic, grocery stores, drugstores, Warehouse Stores remained open. But as the country began to reopen there are patterns were seeing. We got personal spending data in may, month over month increase of. 2 . That was the stark contract to the month prior when we saw a contraction of 12. 6 . That was for april. That was the biggest drop on record due to the pandemic. We learned american households are saving less at 22. 3 , versus 32. 2 in april. We spent more in may. We saved less. Which makes sense. But the latter number is important because while most Retail Stores were not open in april, when they began to open, people opened up their wallets. This reminds like the good ol days, like january 2020, remember that . Retail stores and their stocks how they behave next few months or the years is a big topic of debate. That is for analysts to decide. Stores are supplying Curbside Pickup for essentials and supplies. Are businesses is booming . Bed, bath beyond, best buy, kmart, kohls, target, walmart, whole foods. Guitar center is even doing pickup and delivery. Business is good. Charles, yesterday for the first time in months i went to a boutique in new york city. I walked in. And i shopped and i bought something. More than i probably needed but wow, it felt great. Charles ah, you remembered my size . Cheryl oh, yeah. Charles okay. Ill be looking in the mailbox next couple days. Cheryl. All right, folks, lets bring in a retail expert to help us hash this all out. Erin sykes, one of the best in the business. We want to talk about the state of the consumer. Erin, obviously some things have changed. What do you see are the most notable things that you think have not only changed but will become sustainable or permanent part how we shop . So the purpose of all retailers has always been to meet the customer where they are. So the pickup and delivery infusion that we really saw during the pandemic with pickup in april alone being up 208 and then delivery trailing a bit behind with around 30 of an increase. Those are here to stay simply because of the notion of convenience. Also retailers are really taking a move to text their customers and people are loving it. 80 of their consumers really loved receiving a text message from where they shop. Also smaller footprints. You will see lululemon, nike, nordstrom local rolling out small footprint stores. Less than 1000 square feet you shop in the omni channel way, pickup, delivery, have a Guest Experience coordinator. Also the personnel are no longer going to be just retail personnel. Theyre also going to be handling all of the Online Customer service. So you are going to see a consolidation of roles within retailers. So that they can multitask their employees. Charles right. So, erin, is there a chance then that you know, some of the bigger percentage gainers today are bed, bath beyond is in the top 10, macys is in the top 10, kohls. These names every now and then pop up. Is there a chance, can they move quick enough to make these things work in their advantage . Because as an investor im wondering, they look, these stocks are down a lot. If they can survive and rebuild their business look pretty attractive or could look attractive . I think it is really hard for a Big Organization like macys to play catchup right now. They just laid off 4,000 more employees. They had the opportunity to roll out the store concept as a fullon shop in a shop model but they waited on it. Same thing with bed, bath beyond. They have been really taking this transition too slowly. So those retailers who stepped up to the plate to begin with have a huge head start. Target who acquired deliv and shipped which are going to help them compete with walmart and amazon in terms of same day delivery and logistics. Charles right. Those retailers who are making big movements today are not sustainable. I go with Core Competencies who took the opportunity of the pandemic and prepandemic to prepare for a new way to shop. Charles before i let you go, the consumer, the spending number was obviously a record but some people actually saw it as a yellow, perhaps even red flag that more wasnt spent and many are wondering what is holding back the consumer . One of my theories there is probably, we should start hearing from d. C. They will certainly do another stimulus plan. I think at this point a lot of folks will sit on the money that they have. Our savings rate is 23 . Unless they think there is going to be another check coming, at least one more . I think we have to remember consumers are human beings. As a society i think were very confused right now with a lot of inconsistent messaging. If we get another stimulus that will of course help. I think we also need to, get on the same page and, also, stop politicizing the pandemic. Charles all right. Erin, thank you very much. Really appreciate it. Thank you. Charles speaking of the pandemic, folks, secretary azar says that the window is closing to halt the Coronavirus Spread in the United States while Vice President mike pence is urging people to wear masks. So why are masks still so controversial . Liz peek will give us her insight. Shes next. Wear a mask. Wherever it is indicated. Or wherever youre not able to practice the kind of social distancing that would prevent this spread of the coronavirus. Like an unjection™. Xeljanz. The first and only pill of its kind that treats moderate to severe rheumatoid arthritis, psoriatic arthritis, or moderate to Severe Ulcerative Colitis when other medicines have not helped enough. 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Charles as countries begin reopening their economies, face mask is a essential tool for most epidemiologists saying for slowing the spread. Something people are grappling with the. They do not want to accept it. They say a lot because of confusing government advice. They dont believe scientific advisors. There is something going on, not just an american issue. Ii want to bring in Fox News Contributor liz peek. There was an article, there are countries, denmark, norway, sweden, canada, they have less use of masks than americans do. What do you think . I really cant imagine why this has become a political football, charles, except everything is politically fraught these days. In fairness to president trump, who is blamed for not having a consistent message on face masks, the cdc hasnt got a consistent message on face masks. Earlier on we were told they were not necessary probably to protect the supply of them. Then we were told they were necessary. I think everybody should be wearing face masks if theyre in crowds if theyre amongst people who might be spreading this disease. It makes common sense and i think the resistance to that a little bit came from all those scenes of mass demonstrations and protests and marchs when no one on the left which has now become a leftright thing was calling out those crowds who were not wearing face masks, who were not socially distanced. I think there is sort of a feeling, wait a minute this, is hypocrisy. If this is really an important thing why didnt anyone raise their voices when those tens of thousands of people were gathering in new york, in washington, d. C. , and in minneapolis . Charles you know, liz, i was in london when the pandemic was really, when it had the whole world even more gripped in fear in april. Less than 10 of the people there were wearing masks. Everyone i would ask, they said they didnt trust their government. They thought it was ineffective. That the microns of the virus were so tiny it would be ineffective anyway. A lot of people believe it is psychological thing more than anything else. I do wear a mask when i go out, in part because it is a habit my wife formed a long time ago. She is a heart transplant patient. I did not want to risk ever bringing anything back to her. There are people who simply believe it doesnt help. Well it may not help, charles. But, probably it does. I mean i think there are good masks. There are bad masks. Some of them really do screen out even microscopic transmissions of fluids and so forth. Others dont. But the answer is, if it helps at all, whats the problem with it . Why not do it . And i think we owe it to everybody else. We owe it to each other. Look, the best thing for this country right now, is to speed through the virus as quickly as possible and to get the economy moving again. That is not something that people are concerned about. We want people back to work. That is the healthiest thing for this country. To have states start to shut down again, utter disaster. We dont want that. Lets all do what we can to make sure that doesnt happen. Charles let me ask but the next potential round of stimulus. Now my theory is, i think one of the things that is bugging the market the last week or so, the sort of equivocating, particularly republicans seeing lets see how the data come in. I think market took off because of the swift actions of the Federal Reserve and federal government. I think if they let off that pedal, there is a sense people watching the show, people out there, there will not be anymore help, they will not spend money they are sitting on now . Well, lets be clear, there is a lot of help coming from the fed, right . And the fed is doing an incredible job of infusing the economy with enormous apartments of liquidity. We shouldnt be undervaluing that. Thats huge. In terms of a second round of stimulus i think republicans would like to see whether really this economy is in a snapback mode. Fridays job report is going to be really important for that, charles. I think well get a better idea what the employment market looks like. But i think also, theyre trying to sort of make sure all the checks get out before we send a second round. I do think also there is more division of opinion about what this stimulus should look like. The republicans want it to be very much focused on creating jobs. Charles right. I agree with that 100 . This unemployment surplus has been a disaster for people going back to work. It is one of the top two or three reasons that employers are having a hard time attracting workers back. We dont want that again. Charles small, small employers. Youre 100 right. I think we need to send some more out, make it targeted, come to an agreement, but dont pay people much more money not to work than they would make working. It wont work. That is common sense. Liz, thank you very much. Thanks, charles. Charles hey, folks by the way, next thursday neil cavuto will be hosting a virtual town hall, America Works together open house. Among neils special guests will be real estate icon barbara cochran. Will answer your questions as the message fox business on facebook or instagram. Email us at invested in you fox business. Com. Your questions will be answered. Kanye wests megadeal with gap is at reason why to believe in yourself i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. 49i found you good job. Now im gonna stay here and you go hide. Watch your favorites from anywhere in the house with the Xfinity Stream app. Free with your xfinity service. Now any room can be a tv room. Stream live tv, on demand shows and movies even your dvr recordings. 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Everyone is searching for a hero, people need someone to took up to, i never found anyone who fulfilled my needs a lonely charles as america goes through changes that hopefully help us learn more about our fellow citizens, we should also remember to have a greater belief in ourselves. Engulfing sense of selfdoubt was already gripping the nation before the pandemic. I fear that its has gotten tighter ever since. Difficult achieving success actively in the stock market or getting ahead at work, when you have too many doubts second guessing yourself. For investors, knowing market history, understanding what you own, how to monitor it will mitigate such doubts. But were also going to be tested. Nevertheless selfdoubt is a place we never want to dwell. Which brings me to the biggest market story of last week. Whether he is a egomaniac or dreamer, five years ago i took my son to a kanye west concert. I was blown away by histioma manship. We were loving the show, couple hours into the performance he stopped the music and began one of his infamous rants. He complained bitterly with the deal with nike and management was not promoting his designs and he would move to adidas. At the time i thought he was going to on an ego trip. I found his designs were great. I bought a pair of his weezies. I didnt buy the stock which rose 350 . Kanye signed a deal with gap stores. It made it the best performing stock for the s p in a week. Get this, he went from a kid that worked in one of their stores to the wouldbe savior. In the process he provided all of us with a reminder, believe in yourself, chase your dreams. Make friends with people you like without fear of peer pressure and never ever, succomb to the crowd. I bought 5000 shares of gap this morning, based only on a dreamer being a savior. More importantly reminder us, greatest love of all is having dreams and believing in them. Breaking right now, folks we have some news for you. New york times cutting its ties with apple news. The paper will no longer be listed on the tech giants feed on apple devices. The times says adding new subscribers was key goal. Apple made it harder instead directing readers to fund their initiatives. Apples response is saying they are still committed, this is apple committed to supporting quality journalism through advertising this fall follows googles big decision to start paying some publishers for their stories. Facebook responding to a growing list of Companies Pulling ads from their platforms saying quote, we invest billions of dollars each year to keep our Community Safe and continuously work with outside experts to review and update our policies. We opened ourselves up to a civil rights audit and we banned 250 white supremacist organizations from facebook an instagram. The investments we made in a. I. Well find nearly 90 of hate speech before users report it to us. Recent eu survey reports that facebook assesses more hate speech reports in twitter than youtube. They say theyre doing better than competitors. Although buyers emerged on the dip, the socalled stocks, are you into these . Theyre rocking. Another one making a monster move. The unicorns value going you through the roof and they will be a public soon. Should you be a buyer . Well head into all of that as we head into the final hour of trading now is the time for a new bath from bath fitter. Every bath fitter bath is installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. About medicare and 65, ysupplemental insurance. 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New Jersey Governor Phil Murphy announcing in a tweet, in fact, new jersey will not reopen Indoor Dining this week as planned, in the first major reversal of that states phase two coronavirus reopening plan. Murphy cited recent scenes from expanded outdoor bars and restaurants showing packed crowds, not wearing masks, ignoring social distancing as a reason for pausing Indoor Dining indefinitely. New york Governor Cuomo also says he may delay Indoor Dining in new york city. This amid, of course, a resurgence in coronavirus. Speaking of resurgence, stocks having a pretty good surge today as we head into the final hour of trading. Nasdaq is even up today, although the news all day has been about social Media Companies and the apps being pulled from them, facebook, twitter, even, you know, whos winning from this, and it brings us back to the big tech bubble in and of itself. Many wondering maybe it hasnt peaked. We brought in a special guest to discuss. Cody willard. Thanks for joining us. Thanks for having me. Always great to see you. Charles all right, my man. You know, the social media stocks have paused, we saw the socalled fang trade kind of spinning its wheels a little bit. But this morning i did see amazon get another new high target. Apple also, you know, you know, whats happening with them . Is that trade over . I dont know that the trade itself is probably over. As investments, i have owned these stocks for many years and i continue to hold them. But im not chasing apple or amazon when theyve got 1. 5 trillion market caps, you know. We are getting to extremes and not just the penny stocks, the smaller stocks, things are really sort of bubblelicious. You mentioned the bubble peaked. I have been calling it a bubbleblowing bull market for about ten years now. With as much liquidity pumping and juicing from the government and Federal Reserve, there still could be more upside but i dont think its a good time to be buying. Charles well, you talk about all the things that are looking exciting. All of a sudden, these special purpose acquisition companies, i had to make a list on friday, im going to start watching them, they continue to be on fire. Theres another one today thats up 33 . They took over golden nuggets Online Gaming but listen, draftkings, nikola, they have gotten upgrades, Virgin Galactic getting a partnership with nasa. What do you do with something tli like that . They make announcements and are up 30 , 40 , 50 . They keep going up. What do you think . Its amazing to see the valuations from nikola, for example. The stock has pulled back a little but still being worth tens of billions of dollars, with no revenue and no chance of revenue in another year or two. Theres a lot of work for that company to justify its valuation. Lancadia popping off this news with an online casino. Online gambling will be a growth industry for a long time. I dont know that you want to be chasing after stocks when theres a mania in special acquisition vehicles and again, i own Virgin Galactic. I invested in the sfpace revolution. Its my favorite sector to be in but i trimmed my space down quite a bit. Charles got to leave it there. Bubblelicious. Thank you very much. Cheryl casone in for liz. Its all you. Cheryl i will try not to mess up this rally between you and cody willard, handing this over to me. Maybe i got something going. I dont know. By the way, miss cody so much. Thank you so much, charles. Well, stocks are starting to shorten the july fourth week with fireworks. More than 44 last month on new homes, the dow up 468 points. We will see if we can take it to 4 00 p. M. The s p 500 close sdwroing tto e dow. The nasdaq up as well. Facebook is helping the nasdaq recover despite losing more friends even within the last lour as