The start of a pull back . How do you know the difference between tech names . Well talk about it. As protests continue to rage into the United States, federal resources are pouring into overwhelmed local governments. What is the price for taxpayers . Well have later in the show. Erin per reason, the president is making law and order is making it a key part of his reelection campaign. All this on making morn any . Note. Making money. Cheryl market got out of the gate a little slowly. As you can see dow up 107. Nasdaq 19. S p is up by six. There are some hot spots in the market and some pretty exciting investment themes going along with the earnings parade and all the drama playing out on capitol hill as usual. In fact you have got two big Earnings Releases that will unscore changing taste how americans spend free time this is up after the bell. Were coming up on take two and netflix. Look at 2020 gains in particular for disney. Really for netflix, gain of much 191 gain over the last three years for netflix. These are big stocks to watch. It is really clear to a lot of you that the videogame boom has gained traction. It was certainly gaining share before covid19. That has increased now. In the streaming trend, especially with disney. They have a big library for disney plus. What happens to the theme parks at disney . What happens to the movie side of the business . Earnings coming up after the bell. We have chief strategist katheryne rooney vera, belpointe chief strategist, david nelson and Constellation Research founder, ray wang. Hi, cheryl. Cheryl guys a lot to get through today. Kathryn, i want to start with you to get your initial assessments on the market. Were riding coattails on a lot of megacap names that were starting to follow but airlines and cruise ships are starting to get a little attention from investors and particularly airline and cruise industry has been a little worrisome. What do you make of those views . We have to look at the main motor of the market surge the past couple months and decide if it is going to continue. That is exclusively stimuli from both the Federal Reserve and u. S. Government. I expect both to come with extra stimulus. I think markets go higher. We will invest in tech when there is a dip. If we see any retracement in the market, that is buying opportunity. We cannot fight the fed. Something were saying forever and it is fact of the matter. I expect the fed when push comes to shove to increase purchases of highyield bonds f that doesnt suffice, move into equities. To your point fed has lending facilities that havent been taken advantage of. They continue to be there. Jay powell made that clear during the fed press conference. David, youve been fully invested in the markets. Wondering if you see the numbers go up and up, if you look for a dip to, maybe a peak, to put a little cash off the table which some say is smart strategy with all the volatility were seeing . Im not blind to what is going on, cheryl. We have a market meltup, you have to ask what are competing assets. Outside of gold where will capital gold . Even the s p 500, you have 1. 9 dividend yield. Compare to a 10year treasury at 50 basis points. Top five, maybe worrisome part, it is top heavy. Top five stocks represent 23 of the market cap but just 16 of the earnings. Cheryl it is interesting, the president says, well go back to the tiktok story. Weve been covering this all day, certainly but the president thinks the federal government should get a cut in any potential microsoft deal to microsoft buying tiktok. I have got to get your take on this. Obviously there is a lot of debate and controversy around the government getting a piece of this. Probably doubtful with all the legalities but what do you make of the overall structure in particular the news that facebook and google may be looking attic tock as well . I think it is important, right. They dont want microsoft to have touch ad, consumers social graft and advertising revenue. Facebook and google are digital duopoly in advertising. Next digital competitor was amazon. If microsoft jumps into that they have xbox and getting into the market and that is what theyre trying to prevent. Cheryl you are comfortable with any Company Buying tiktok . There was a report in the sun newspaper, the beijing owners of tiktok looking for offices to move to london to get away from the kind these government umbrella. This is still the chinese government. They still have their tentacles into the technology for tiktok. That will be a tough nut to crack and a dangerous one. A dangerous one, i completely agree. From a National Security standpoint it isnt something we would ideal like to have, keeping the content in the hands of china. I have serious concerns with regard to content and who manipulates that, who has the ability to keep that content. That is remains within the chinese government. From a microsoft perspective it, does make sense for them. They have the tech. They have the equity, the cash to do this. They want to get into the social media space. From a National Security standpoint i really have my qualms. Cheryl david, another tentacle of the tiktok story, it is the story that keeps on giving, a lot of people dont realize microsoft took a big investment from facebook and one of the things facebook has never done is really weed into this social media frenzy. They kept it on the enterprise side, cloud services, things like that, now you have microsoft making this big move. Im wondering about that will not sit well with Mark Zuckerberg . Im sure it wont. Microsoft has always been an early eninvestor in social media. It is not their first foray into it. They made 27 billiondollar purchase of linkedin. Invested 40 million with facebook in 2007. As a taxpayer im fine with the u. S. Government getting a piece of the action here. I dont think this can go to facebook or google for some of the obvious reasons. Apple has been often mentioned. They have the pockets for it but doesnt look like theyre game. Cheryl ray, the other side, besides the issue how you monetize tiktok, that is the question mark, is it a fad, ray . You know from the technology side, snapchat is hot one day and out the next with younger demographic. This is all about the younger demographic i dont know about you i dont have a tiktok account. I wouldnt know how to use it. Neither would i. It is about getting to younger demographic, that is what they want to do. They are expanding into the games space, get hub, Younger Developers and really a smart strategy on microsofts part to go after that market. Apple is not in the market. Apple does not want to be in advertising market. They are a subscription model. If they go into that market that was part of a subscription they confirmed i think that they are not interested. Cheryl apple has, facebook, google reports the plot thicken as we would say. Were right in the middle of earnings season. Were actually kind of starting to move out of it, but they companies have huge earnings beats. They have solid guidance which is great to see. Theyre trending lower. How does an investor know difference between pause and beginning after turn lower . Here we go. These are the ones i wanted to bring up. Youre looking attaching and these are heavy weight names, expect for cehgg. Theyre pulling back. They had good numbers. That is surprising folks. Chegg is an interesting winner. Were not going back to school. It is online resource learning parents are freaking out parents will have them learn fast enough and some teachers are not teaching. Chegg is a great won. Kla is piece on semiconductors. Cloud is hot. People using more Cloud Computing and buying more hardware and cirrus logic is indicator on apple earnings. They are heavy on the apple side. Cheryl thank thank you for save on chegg. Its a education but technology. Lets talk about stock picking versus passive investing. One reason a lot of our viewers, these individual investors gotten so pessimistic, they buy the s p 500, they have that passive strategy. They dont adjust the portfolios. They start to really fall behind in 2020. If you look at the last four months, here is a perfect example where you might have missed by being a passive investor missed some of the gains. David, a lot of our viewers do their own stock picking. They do passive investing as he will. What about passive person with a portfolio that hasnt risen to the market . The Retail Investor is back. Looking at morgan stanley, three times volume of retail from a year ago. I guess what disturbs me, a lot of trade something based not just on stories but just on rumor. Look at company like hertz go from 40 cents to 5 basically on nothing. Kodak basically on a rumor. Thatthat is a problem. We forget what a stock certificate represents. Its a contract between you and company that entitles you to earnings or dividends of that company. That is what it is. The rest is a story. Cheryl im glad david brought that up, headlines like eastman kodak, grants of options, protected from stock performance. The average person sees that on the face of the wall street journal. It makes them nervous. Feels there is not a place for me in this market. Im still getting pushed out by folks on the inside. I strongly advise investors not to chase the market and not buy single name stocks. Im very much in favor of more passive invests. You may not see the upside, but based on volatile markets they are. This is manipulated market. The fed is really driving equity valuations and keeping rates low. So Retail Investors be careful about chasing markets. What were seeing is Citadel Securities put this out, 25 of the stock market is driven by Retail Investors right now. Dont chase the market. I like intelligent investing. Take your Risk Appetite temperature and invest you, robots go to it and diversify you, rather single name stock picking. It is very hard to beat these markets. Be very careful. Cheryl i agree with you, kathryn. Im that type of investor. Im etf, index gal. Ive been in the market since i was 22 years old. What excites me about this time, one of the few things during the pandemic you can celebrate younger people are involved in the stock market. Saying theyre interested in it. Im really happy to see that. I really am. Kathryn, david, ray, great discussion as always. Always great to see you. Thank you, cheryl. Cheryl all right. Lets switch gears now, because riots are rippling throughout the country. How much are taxpayers and Small Businesses having to pay for all of this . What does it mean for President Trumps law and order message . I will ask the campaigns communication director erin perrine at 2 30 today. Having a monster comeback but why is the Financial Media refusing to cover that comeback and at what cost to investors . Well talk about it. Businesses are starting to bounce back. But what if you could do better than that . Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. I appreciate what makes each person unique. Thats why 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. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Cheryl we learned this morning that u. S. Factory orders in june increased 25. 5 billion to 437 billion. That is a big increase, 6. 2 monthly increase. That was well ahead of 5 expectation from analysts. This news seems to have helped stablize the market from earlier weakness when we saw, markets first opened. Factory release is the latest release in last couple months that separate manufacturing reports are indicating businesses were looking for a sharp rebound in the next six months. Now were seeing that the rebound is happening a little bit sooner than many expected, especially economists. Bring in university of maryland economist peter morici. Great to see you, sir. Nice to be with you, cheryl. Cheryl what do you make much this analysts, economists aring trying to buffer themselves, protect themselves. The news over all is better than expected. Does that mean manufacturing is coming back in a meaningful way . I think it really is. So far we are focused on sectors of the economy that have shrunk that will not rebound completely like restaurants and airlines and so forth. 90 of the economy would be there in january that was there last year and going to be doing well and growing. That is why the market is doing so well. The reshoring taking place, rearranging of supply chains does benefit american manufacturing. Kodak is going into the pharmaceutical business. When was the last time a individual entrepreneur, created an Automobile Company that wasnt really propped up by the government out of whole cloth . The answer is, in america, recently called tesla. That is an amazing story that has actually happened. My feeling is that the prospects of manufacturing in america are very bright, now that we have a realistic view what is going on in china and cheating thats going on and that realistic view of partners in other countries can do and contribute, so we dont, expect it to be them or us, that kind of thing. But rather i think we can do better. Cheryl one of the things that, believe it or not that the two president ial candidates didnt agree on is manufacturing in china are dependency on china has been bad news from the beginning. That names to be pointing to a rebirth in american manufacturing, but the other thing i thought about in todays news, was the fact you got a lot of these companies, you mentioned automakers, many others switched production capability to make ppe. There is still a big need for ventilators, masks, equipment for this country. Is this start of a new era for this country . It starts with things for Health Care Products like things you mentioned. Ventilators, masks, like you mentioned. Also if youre running a plastic supply chain you want to make sure it wont break down when there is a virus in asia or a political disruption, things of that nature. It is not just the virus with china. It is not just subsidizing exports but whole scale of risks, the whole gradient. If you look at the gradient of risks, it makes you realize the lowest cost option in the near term is not the most profitable option in the medium and long term because you have to harden and solidify your manufacturing chain so that it makes sense in times of disruption which there is going to be more of, not less. That means doing more stuff here. The other thing is, robotics, really kicks the can the labor cost disadvantage in the United States. It just doesnt take that many hours to assemble an automobile here anymore. Cheryl this after we built the chinese middle class, but they can thank us later but they wont. We need to rebuild the middle class in our american midwest. Cheryl exactly what i was saying. Peter morici, always great to have you. Always great perspective. Thank you, sir. Take care. Cheryl well, protests are rippling throughout the country. While the left is giving the rioters a pass what is the actual price tag to taxpayers and local businesses . Were going to break down the numbers and will this hurt President Trumps law and order message . Trump 2020 director of press Communications Erin Perrine is weighing in on all of this coming up next hat arent sweats. Find your friends. Find your sense of wander. Find the world is new, again. At chevy wed like to take you there. Now during the chevy open road sales event, get up to 15 of msrp cash back on select 2020 models. Thats over fiftyseven hundred dollars cash back on this equinox. Its time to find new roads, again. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. 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Were committed to helping ensure trulicity is available and affordable. Learn more at trulicity. Com. President trump so let this serve as a warning to any federally appointed board. If you betray American Workers you will hear two simple words, youre fired. Youre fired. Its ridiculous. Cheryl President Trump signing an executive order barring federal agencies from replacing American Workers with foreigners. The move puts increased scrutiny on contractors here in country on h1b visas for highskilled jobs. I want to bring in Deputy Assistant toe President Trump, theo wolf. Great to have you, sir. Where did this come from . The outrage over the 10 v. Valley authority and their outreach to foreign workers. This is utility company, if you will. Now that youve made this move with this, is there any concerns now about lack of skilled workers, in particular at the authority . Thank you for having me on. So, yesterday was yet another battle engaged with the swamp by President Trump and yet another victory for americas hardworking men and women. As you noted the tva is actually a federal agency that provides utility, electrical generation for most of the southeastern United States. Their ceo, mr. Jeff liash, is actually the highest paid Government Employee in the United States, arguably one of the highest paid government workers in the whole world and earlier this year mr. Liash moved against several hundred hardworking men and women and gave them their layoff notices, bringing in foreign labor to replace them at tva. The president didnt hire mr. Liash. He has no control who tva appoints as ceo. The president has control over the board of directors. Yesterday he moved against the board, firing the board president and another member of the nine member board and asked them to rescind this decision and reverse course. Cheryl he made an appointment for tv a, yesterday, didnt he . He announced a new appointment. We had a couple of folks in the pipeline for a while, moving the way through the senate for confirmation. Thats correct. Cheryl this is a push pull that many, i know, it is an agency, again this is utilities. This is the power grid but a lot of push pull among Many Companies in this company which the eo is going to affect that dont have, dont have the skilled workers applying for jobs at their company, mostly in technology, mostly in silicon valley, and they need the h1b workers because they dont have u. S. Workers that have the skills they need. What do you say to those companies . What was so historic yesterday, wasnt just because a sitting United States president openly being took the side of working men and women, it was also the president sent a defiant message to the American People, which our stem pipeline is open for business, because of this administrations efforts over the last 3 1 2 years, we graduated more Young American men and women in stem relatedded fields, commuter science, computer engineering, Information Technology and than ever before. Americas families should be applauded for that. The hardworking moms and dads, last year, our graduating seniors beat the pants off peer competitors in china, india, russia across a whole host of metrics. The lie that american hardworking men and women dont have the talent, the ability, or credentials to lead the people through the information age, is exactly that. Its a lie. Cheryl theo wold. Thanks for coming. A big announcement from the president yesterday. Well see how Companies Start to react to the news. Thank you. Great. Thanks for having me on. Cheryl well the federal government keeps coming to the aid of state and local police overrun by violent protests in several big cities across this country but the help does not come cheap. Hillary vaughn live now with what it is costing the american taxpayer. Hillary . Reporter cheryl ongoing protests mean Police Departments are spending more on overtime and equipment to contain the violence and it is costing taxpayers millions . Major cities across america. New york city, Police Overtime is projected to go way over budget by more than 400 million of taxpayer money in portland. They have spent more than 5 million to staff police on the streets. 200,000 for a fence barrier between police and protesters. The Seattle PoliceDepartment Said they spent over 12 1 2 Million Dollars in taxpayer money on Police Overtime and equipment just in the past two months alone. We will be out of money as a Police Department and well be out of police jobs. You can just imagine the Community Members are saying where is our force . Where is our protection . I mean as taxpayers the city has a responsibility to provide Public Safety for them. As part of their tax bill. That is what they pay tax dollars for. Reporter not just taxpayers footing the bill but also Small Businesses too. Insurers say damage to property from George Floyd Protests will surpass damage done during the 1992 l. A. Riots. Portland businesses say damage to their downtown area total 23 million including lost customers, with violence shutting down the streets. In minneapolis, says damage to their downtown area is exceeding one billion dollars. Here in d. C. , the Mayors Office tells us theyre still tallying up the cost of managing day after day of protests saying they dont know the exact number yet but their estimate it will be substantial. Cheryl . Cheryl hillary vaughn, with that live report. Hillary, thank you very much. Joining me now with reaction to this, trump 2020 director of press Communications Erin Perrine. Erin, great to have you here. First off to what hillary was reporting this fact, the financial burden, that is being laid upon taxpayers in these particularly liberal cities getting crushed by violence is starting to really kind of shine through the big issue, your reaction . Its true. There is a huge amount of damage done by violent antifa rioters and protesters in this country to what hillary was saying, to the tune of over 1. 4 billion in damage and ticking upwards. Thats worrisome. That ising that we need to be able to restore the safety in our streets. It is not just about the damage. It is certainly heartbreaking but about the businesses that have been lost. Minorityowned businesses. Small businesses in these cities where immigrants saved up their money to be able to open their first restaurant, to pursue their american dream. To have that violently taken away from them. That is heartbreaking. We need to stand together. And as President Trump said return to safety and security in this country. Cheryl were watching more and more the destruction of Small Businesses across the country, but in particular in these big businesses where a lot of these violent protests have really started to erupt. I want to move on to stimulus with you, news of the day. Senate Majority Leader Mitch Mcconnell says, he said this actually a few moments ago, he want as total solution with the new coronavirus stimulus bill but the clock is ticking. Republicans, democrats dont seem very close at all. In particular nancy pelosi seems to have thrown her hands up. President is not really talking about a payroll tax cut anymore . What should prevail is the American People. Nancy pelosi and democrats in the normal fashion have given up that focus in pursuit of politics. Nancy pelosi is more worried about pot dealers in this legislation than she is about making sure the American People are protected. That they can receive these payments and that we are able to continue forward as a country through the coronavirus pandemic. President trump remains laser focused on that. He cares about that outcome. He cares about the American People. Democrats need to actually be serious, come to the negotiating table. I worked on capitol hill for five years. Ive seen how the negotiations work. It is important that democrats actually come to the table and have a conversation. You cant just stonewall and say, well i want everything and you get nothing. That is not how a negotiation works. Democrats put politics aside, put American People first just as President Trump does every single day. Cheryl sorry to interrupt. I dont have a lot of time with you, but really quick will the president sign the bill without a payroll tax cut in it . I certainly dont want to get ahead of the president and administration when it comes to negotiations, when it comes to a final product. Whatever gets signed, whatever gets done the focus will remain on the American People because that is what President Trump cares about most. Cheryl is there a threshold for the president heard as far as the unemployment benefit goes . Democrats want 600, republicans want 200. Is there middle ground president is willing to say yes to. People who lost a job no fault of their own can pay the rent, get groceries for their family. That is the ultimate goal. We want people to get back to work. We certainly dont want to disincentivize that with high unemployment payments. We want to make sure people are getting back to work when they can. Cheryl get the virus under control. Absolutely. Cheryl really frightening spikes with the coronavirus. Erin, thank you very much. We appreciate it. Thank you. Cheryl good to see you. Lets stay with politics here for just a second. Because the u. S. Government is stepping up amid calls of a personal protective equipment shortage. Coming up weve got the ceo of a company that was just awarded a multimilliondollar contract. He is going to share his thoughts on keeping americans safe in the middle of this pandemic 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. Cheryl well some good news on the pandemic front. There were 47,576 new cases in the United States on monday but that is 1300 less than the previous day. We hope that continues. My next guest hopes to keep that downward trend going with his americanmade personal protective equipment. There is a stock on your screen. It is a big story. I want to bring in air bottoms Defense Group patrick callahan. Congratulations on the contract from the government. Thank you very much. Good to be here. Cheryl you will be supplying ppe to government workers. Tell us more about what youre making. Were making on a powered respirator. Weve been focused on this for decades now. It is basically what it is. Its a power respirator. It allows a filtration to unit toe rest on the operator to bring purified air to operator operating in a high, could be covid environment or any sort of biological environment. Gives you much higher level of protection than n95 or another sort of ppe that is on the market today. About 99. 9 . Cheryl is it geared towards medical workers im assuming, hospital workers . Airboss Defense Group. Marylandbased business. Were a defense company. Were used to working in difficult environments this equipment is could be industrial, medical workers, firstresponders, National Guard anybody going into a environment where you might have a patient exposed to a biological threat. Cheryl that could go a lot of ways. Now you are a veteran yourself. Thank you for your service. I am. Cheryl i wonder if this brings extra meaning to you to be able to support the department of Veterans Affairs in this manner . Absolutely. Absolutely. That was a big deal for us, when we supplied over 100,000 respirators to fema over the last 90 days. After the deployment we got award for 2 1 2 Million Dollars for more pathers, filters, for the fda. Five years in active duty overseas, five years in the National Guard doing civil response. Our company is built by veterans and serviceminded people. That was a huge award. Were proud to support the va. Cheryl that is a Great American story. I have to ask you what else is on the horizon for your company . So were very busy in a dynamic environment. Our parent. Neil air boss of america, was an automotive business. Theyre busy with Rubber Solutions in the automotive business and were busy in the defense and First Responder world right now. Were responding with this contract for hhs. Like you said over 50,000 respirators well make to go into the national stockpile. Three million filters for the fight against the pandemic and we have number of other customers here in the states looking for ppe that we will supply as we possibly can. Cheryl i hope you stay on the filtration segment, the faster we get cleaner air indoors, the faster maybe we get back our lives at some point. Getting our customers on the paper, it has a big face shield. Along with the respirator and filtered air allows medical workers and patients to communicate. They cane see their face. They can talk. Loved ones can see each other. I dont understand protection it is much more human interface. Cheryl patrick, thanks for being here. Congratulations a major deal. Well look for those pieces of equipment coming soon. Patrick, thank you. Appreciate your time. I appreciate it. Cheryl estimated 24 million americans are unable to athe august rent bills. As benefits are drying up. Remember they expired last week, unemployment. They may be forced out of their homes now and eviction moratoriums are expiring. Well talk about what the plight is for Many Americans out there. That is coming up after the break its like walking into the Chocolate Factory and you won a golden ticket. All of these are face masks. This looks like a bottle of vodka. But when we first got these, we were like whoa [laughing] my threeyearold, when we get a box delivered, screams mommys work mommys work. With this pandemic, safety is even more important to make sure we go home safe every single day. Cheryl breaking news i want to bring to you. My colleague at fox news channel, dana perino, just wrapped up with interview of dr. Jill biden, wife of former Vice President joe biden. In the interview, jill biden said joe biden will debate President Trump. Again he will debate President Trump. There was talk maybe that is not going to happen. We could soon see a wave of evictions in the coming months as states end moratoriums put in place during the pandemic. One study says 23 million americans could be evicted. Ashley webster is looking at this. These are frightening numbers, ashley. Ashley they really are, cheryl. 24 million americans may be unable to pay their rent this month alone. That number could grow to 40 million in the next several months. If you look at the percentage, that would be 42 of renter households could be in taker of being evicted. That is committed economic short fall. The money not being exchanged more than 20 billion. 21 billion. Now statewide eviction moratoriums in more than 30 states have now been lifted. That means protection for renters in the cares act has now gone. You have renters unable to pay rent and landlords cannot pay mortgages because they have no income. Not just residential. The picture is just as severe on the commercial side. The question is what can be done . It is being discussed as we speak now in washington and the white house. There are calls for direct government assistance for renters who cant pay landlords. Others argue moratorium on evictions causeway too much harm for landlords and can create a Housing Affordability crisis but just recently the New York Times tackled this in an oped said in part the immediate need for congress to impose a nationwide moratorium on evictions, give people lost their jobs money required for rent and mortgage payments is absolute. The need is immediate according to the New York Times. President trump says temporarily halting evictions for those who lost their jobs. He is also pushing for a bipartisan solution, not something you hear very often on capitol hill. In fact he may be forced and has talked about an executive order on this very issue. But so far nothing has been achieved until a new deal or some sort of solution is found. Renters will just have to follow the regulations of the state they live in and according to one analysis, cheryl, nearly two in five renters across the United States, especially lowwage workers, are or face getting an eviction notice within the next month to two months. So, it is a critical situation. And let me just say this also, cheryl, what happens if someone is evicted . They try to find somewhere else to live. Clearly is it at a friends house . Is it family . If it is nowhere else they could end up homeless. All of this is bad news for those trying to stop the spread of coronavirus. Its a problem that feeds upon itself. Cheryl the numbers that you brought to us are already so disturbing and just kind of hard to really stomach at the end of the day but if there is no more relief from washington to your point, the New York Times, point, this means these numbers could actually explode and quickly, correct . Ashley they really could. So many people, we know the Unemployment Rate has come down but it is very high. You have no job. Government assistance runs out, what will you do . We had a moratorium protecting you for a while that landlords could not evict you. The landlords have gone to court to sue, because we cant pay mortgages on properties that we operate. So its a desperate situation. Until congress does something, it is not going to be pretty. Cheryl good point. There is two sides of the story. Ashley webster, sir, thank you very much. Ashley my pleasure. Cheryl well, stocks are treading quietly, weve gone into the red on the nasdaq and s p. My apologies, folks. Just to fill in here. Two big earnings coming after the bell. This will really show us how americans are spending their time. How theyre spending their money. Well have to how to make the most out of your money coming up next. Well talk some numbers. Well be right back just over a year ago, i was drowning in credit card debt. 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Learn more about why you should choose an aarp Medicare Supplement plan. Call today for a free guide. Cheryl we want to update you on this incredible breaking news we have been following out of beirut, lebanon. As you saw on your screen, a massive explosion, actually two of them, ripping through central beirut today. The Health Minister there Just Announced that more than 25 people have been confirmed dead as of now, and over 2500 people have been injured. Now, theres some local reports coming out of beirut that the explosion occurred after a warehouse at a port in the city caught on fire. The government said there was fireworks but we want to let you know that at this point, we do know that a lot of buildings around the area were shaking and there was huge plumes of smoke that billowed into the sky following the explosions. Some people appear to be still trapped, some bloodied. Again, the cause is not confirmed. Its still breaking and developing out of beirut, lebanon. Again, we are getting at this point the death toll so far and the number of injured so far, and we do understand there has been some damage to the American University in beirut. We will keep you posted on this breaking news, folks. Well, lets get back to the markets in this country. We are mixed. We had gains across the board when we started the hour but as we go into the final hour of trading, we have actually seen some pressure on the nasdaq and on the s p 500. Got a couple big names reporting after the bell that have been impacted by the pandemic. Activision blizzard, video games, quinwynn, which is gambl and disney will be the headliner. Want to break down all the news with alicia levine. I want to start with disney. Obviously it is the streaming story that has catapulted netflix and amazon prime. Lot of people thought netflix was dead but that stock is back 70 and right now disney is struggling. Why do you think that is . Look, the fact of the matter is that if your base business is digital, then your stock will move higher because your business is actually improved as a result of the pandemic and Consumer Preferences with streamed videos. If your base business is groups of people being together and socializing, thats a little bit more challenge. Unfortunately, this is not going to be a threemonth phenomenon. Its clearly going to go on for longer. So all of the travel and leisure stocks that we see will be challenged for the next few months simply because until we have a vaccine, that kind of Consumer Behavior is just not going to be helpful to their bottom line. Cheryl the question for me after the bell was disney in particular, the theme park business. Theyve had openings, shutdowns, some of their Global Properties have opened back up, but so far, especially in florida, disney world, it doesnt seem that people are really rushing back to these theme parks. Do you think they will give us some guidance on that . I think its very hard to give guidance in this kind of uncertain environment. You can understand why. We simply dont know. Look, we have schools opening in new york city in four weeks and nobodys had guidance for that, either. Its very hard to have a plan and to have guidance several months out when the path of the virus is actually really uncertain and therefore, peoples choices are uncertain as well. I think that we will probably see strength in the digital component and softness and uncertainty Going Forward. Cheryl okay. I do want to add with disney, i dont know what this means, maybe analysts can parse this out, but they had a much higher than anticipated signup ratio and numbers going into this because of the pandemic. Disney plus really did, the kids are at home, families are at home and thats a disney plus story. Yes. Well, we have many accounts at my house, much appreciated. Its been a tough five months. But look, that is the trend Going Forward and they do have legacy businesses that are simply not helped by this. You know, its going to be a balance and really, its what investors do looking forward, thinking about what the probability is Going Forward that this is at most a three or fourmonth hit Going Forward and then it can recover. That really is somewhat dependent on the medical advances. Ultimately, any medical advance, whether its treatment or vaccine, will help all of these companies with travel and leisure and financials, all of it. Cheryl in particular, looking at planet fitness. Obviously, that is a company that needs a vaccine to really get back to any type of semblance of normal although the stock is up more than 5. 5 right now. Pretty good. All right. Well, obviously we will be watching all these names after the bell. Nikola, planet fitness, disney all coming up after the 4 00 p. M. Bell rings. Thank you very much to you and i want to send it to my colleague liz claman. I did my best but i got to say, i kind of failed you on the s p 500 and nasdaq. My apologies. Liz no, really, you know, the s ps just kind of teasing the flat line there. So you know what, i think its just trying to give you a run for your money. We will see what happens in the final hour. Thanks so much. All right. We have breaking news. Just as the Top Senate Democrat says covid relief package negotiations are quote, on the right track, one voice at the white house says its an absolute mockery quote. Trillions of dollars in Unemployment Benefits and help for states hangs in the balance as we head into the final 59 minutes of trade. Could we see a breakthrough in this hour . We are going to take you