Plans to their state as soon as today. Preparing for one possible second wave. What one ceo says hes getting ready and doing. You are watching on this wednesday, may 27, 2020 on cnbc. Good morning welcome from wherever in the world you may be watching. Im Brian Sullivan thank you for starting or ending your day with us on cnbc it is turning out to be quite the holiday shortened trading week futures are up again right now session highs. Nasdaq also up about a percentage level about the same. Dow futures have been gaining ground since opening up in the red following yesterdays big stocks move higher squarely focused on two things number one, the hope around the vaccine and the optimism around the rebound as more move forward with their opening plans d. C. Targeting next week, parts of long island opening today. Sooner than many had expected given earlier concerns the case of new growth rates and hospitalizations have come way down even those who get sick tend to ride it out and recover.
Only given consideration to more recently because of the phenomena. Well end up meeting the ceo a couple of months or whatever after we have made an investment it puts greater burden on us for Due Diligence and for the backgrounds of the people who are involved and the experience. Its probably going to end up with some good results actually. Thats interesting. Weve had some discussions on air about the degree to which lack of persontoperson meetings means can you close on a house, can you close on a transaction, but youre saying its not necessarily a deal killer it definitely is not. I think that will be for early stage companies. The Later Stage Companies where theres more substance involved and theyve been around longer is a bigger problem. Were in the early stage, a round, b round, period i think well have less of a concern about that we also obviously are focused a lot on follow on rounds for our existing portfolio which is fairly extensive at this point hi, alan, its jon fortt, go
Credit market. Thats coming up in the next hour were also going to talk to matt shay about the pain the pain out there with retailers weve heard about furloughs from gap to macys. What kind of unemployment statistics are we going to be talking about for the biggest private sector employer in the United States and do they qualify for relief in the new congressional package. Lets focus on the big stories were watching in this final hour of trade. Bob pisani joins us with a look at the quarter mike has a deeper dive on the s p 500 today. Steve has more on the feds latest move and what the economic signals are telling us. As we get ready to close out the quarter. Boy, good riddance and good riddance, exactly. Treasuries up and rebalancing. Buy stocks, sell bonds might help a little bit towards the close. Corporate Investment Grade flat and high yield down. Reminding us that in a recession, high yield tends to act. I want to show you the charts here boeing, have you seen anything go to 150
kennedy: good evening, i worked pavlich and tonight the calls are getting louder and leon is getting larger. everyone wants the elderly man with a poor memory to call it quits after the debate train wreck heard around the world, president biden hunkering down again at camp david but not with his 16 camp counselors wizzing around in golf carts and his family reportedly is there to discuss his future. and holy hunter, according to the new york times, his convicted felon first son is one of the strongest voices in support of the president staying in the race. lucas tomlinson is on the scene with more. reporter: that s right, kennedy. president biden is huddling with his family at camp david and white house sin cysting it was a preplanned event including taking a family photograph. on the sunday show, democrat lawmakers rallied to the president s defense. yes, it was a bad performance. i see what i call preparation overload. it was an underwhelming performance i believe. a s
kennedy: good evening, i m kennedy along with jason pavlich and tonight the calls are getting louder and leon is getting larger. everyone wants the elderly man with a poor memory to call it quits after the debate train wreck heard around the world, president biden hunkering down again at camp david but not with his 16 camp counselors wizzing around in golf carts and his family reportedly is there to discuss his future. and holy hunter, according to the new york times, his convicted felon first son is one of the strongest voices in support of the president staying in the race. lucas tomlinson is on the scene with more. reporter: that s right, kennedy. president biden is huddling with his family at camp david and white house sin cysting it was a preplanned event including taking a family photograph. on the sunday show, democrat lawmakers rallied to the president s defense. yes, it was a bad performance. i see what i call preparation overload. it was an underwhelming perform