And getting back to business in the empire state as a slow reopening in new york today. It is friday, may 15 you are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening welcome wherever you are watching happy friday, we made it here is how money is setting up for the final day of the week. Dow futures up about 75 points we snap a threeday losing streak still the major averages are back late in the week. Dow is down 3 s p off 2. 5 even the snnasdaq is down 2 . Only amazon is higher this week. The russell 2000 has been the market story down 7 coming in today. Watch for a rebound. That index down 26 on the week. Also watching oil. Indicating demand increase coming off the highest close in six weeks. Up 11 and brent crude is back above 30 a barrel hardly a big number but at least it is not in Single Digits or even negative. Global markets in asia the Chinese Markets are down and rising in europe, more tough Economic News as money is contracting but not unexpected by anybody and all the major averages there they are you will more than 1 Everybody Knows there is bad news coming. Now a measure of is bad news as bad as some had thought. Telling cnbc the white house will likely report another round of debt relief checks for american families. Voting on a 3 trillion proposal today. The white house preparing an executive order which will require certain essential drugs to be manufactured only in america. That order from President Trump could come as soon as today. Now lets get back to cnbc hq and more of the headlines this morning. For that, we go to Frank Holland. We begin with a warning from the fda saying there is early data that suggests abbott labs rapid covid dying not tick tests may deliver false negative results. The fda is still evaluating data and in direct communication. The abbott tests still can be used to identify positive cases. Shares now lower on the news boeing Ceo David Calhoun trying to smooth over relations with carriers sources telling cnbc a highranking executive at united and another both complained about comments theater going, may have to let it go. Disney is shutting down the production of frozen for good making it the first broadway show to be canceled. The show already the weakest of disney musicals which included the lion king and al aladi ill spare you my rendition of let it go. New york state starting to reopen today but you wonder when will broadway come back. Thank you very much. Now to the question almost every investor seems to have with 36 plus million americans out of work, why have stocks held up as well as they have ryan payne thinks he has the answer ryan, why do you think that is not saying they are having a good year. They are down but not down 40 , why not . The last time we talked about this was april 31. I love being here at 5 00 with you. We are talking about a vshaped recovery we have a big disconnect between the economy and the market we know the news is bad. No secret. We mentioned the news in germany. We forget the market is forward looking and is on forward fundamentals if you look at any economist projections now out to q 3 and q 4, we should see significant rebound. I think the markets are telling you it should be a little better next year and why things are trading up we need a little good news but we dont want to be polyanna what are you looking at that tells you things are Getting Better talking about oil prices. I just drove from the jersey shore to new york city ive seen more cars on the road than ive seen in weeks. You are seeing fuel demand go up looking at airports and screenings, they are starting to go up. The economy is slowly starting to mobilize. I look at the boom markets, they are fuelled by two things if you look at pessimism, it is higher than in march people are more pessimistic than they were then looking into the belly of the beast, so to speak sitting at 4. 7 trillion of cash all of these investors waiting for the next leg of the market to drop. My thoughts are you are not going to get it. You get any dip here and weve seen that. Any dip here weve bought. Youll have a lot of pressure to buy here that will push higher in the market that is weird, we reported that the fund flows and the cash. All of these Hedge Fund Managers theyve come on this network and said stocks are overvalued it makes you wonder who out there is doing the buying . If everybody is with cash, why have stocks held up as well as they have . That initial buying pushing things up. For the most part, they are a little side ways here in the short term you have a lot of smart money that is already invested you have more money that will be forced to get in we deal with a lot of baby boomers. This is the first time we are hearing baby boomers sitting with cash and realizing. We are not getting yield anywhere else. Even millennials getting tremendous cash. Working on the opportunity that we need to get invested right now. Well have a whole generation getting invested we have baby boomers that were scarred the last crisis realizing they have to get invested there are so many catalysts right now to be a buyer of stocks too many people looking for this down leg a bit of an optimistic view we like to hear on a friday. Have a great weekend to you and yours. Thank you very much. When we come back, call it bingeing burn out. Apparently even ozark is gettin old. And how nascar is getting on track to kick off the weekend with no fans in the stans. Former nascar analysts with us and a different kind of driving. One small segment of the economy is booming because social distancing is in mind. lbe to come wel back with more cnbc after this sometimes the challenges of todays world make it tough to take care of yourself, thats why you can rely on natures bounty. To give you the support you need. To stay motivated keep active and sleep well. Add a little more health to your day. With natures bounty. So were working 24 7 toected maintain a reliable network, to your day. To meet your growing internet needs. Were helping customers who are experiencing Financial Difficulties stay connected. Were increasing internet speeds for low income families in our internet essentials program. And delivering selfinstall kits to your door. Nos comprometemos a mantenerte conectado. Were committed to keeping you connected. For more information on how you can stay connected, visit xfinity. Com prepare. Good morning it is 5 11 on a friday morning we made it, tgif. New york state will begin a gradual reopening process. Not new york city or buffalo but the rural areas. The finger lake region those types of areas will start a measured and slow reopening today. When the lockdowns began two long months ago, Binge Watching was a hot topic. Now two months in, apparently many of us are getting tired of Television Streaming companies are seeing ad dollars take a big hit. Going to our guest, media trend specialist i read your latest piece great work it caught my eye what kinds of trends are you hearing . More of us are streaming but is anybody advertising . Thats a great point, brian i think you have a lot of companies that are forecasting to q3 and q4 typically around this time in the spring, advertisers will meet with networks they do these big glit si parties and they commit to spending a certain amount of money. A lot of those companies gm, pepsico are no longer looking to make those commitments. Why . They are looking for the rate of money. Also too, there is uncertainty a lot of these supply chains have been impacted they donteven know how much o what theyll be able to market you know, live sports, sara is such a big part of this we are waiting to hear what nfl will look like all systems a go it matters to disney, espn and monday night football. We have nascar returning but particularly football matters to this industry it is huge. It is the big thing everyone is waiting for. If you notice, nbc universal, Parent Company to cnbc, investor in axios the one thing the chairwoman said was, well let you know as soon as we know about the nfl. She knew thats what marketers wanted to hear from her in talking about the fall lineup with her a lot of networks are not going so far as to say what their fall lineups will be. The only one that has come out saying this is what to expect is fox. Most of that is lowbudget, reality tv series or things that can be easily produced in a pandemic the nfl is a question mark right now that the whole industry is waiting to see what happens. The big question, i guess, is what is going to happen when things get back to normal or normalish. The nfl draft did monitor rating two or three times normal because it was the only thing there was 0 to watch our patterns have changed. Jag s Jigsaw Puzzles are a big thing do you think our viewing habits have changed for the short term or the long term youmentioned sort of binge tv viewing has gone down the weather has gotten nice. Some of these stayathome orders have lifted at the beginning, people wanted to know are my kids schools going to be closed a lot of the News Coverage has shifted to the longterm impacts of the coronavirus a lot of people find that news to be less easy to swallow if people are not watching as much news or getting live sports, what is the incentive to paying 100 for a cable bill we saw a Record Number of people drop their cable and satellite bills. Roughly 2 Million People it wasnt just every day households, people like you and me it was restaurants and bars that said, look, this is just a really easy expense to cut long term, you will see a greater shift to screaming because of this coronavirus and the fact that as you said, we dont have live sports and news fatigue is becoming a little real isnt that amazing. By the way, there are restaurants in america you can go to have dinner with your friends and family hard to imagine. Sara fisher of axios thank you very much. Still on deck, mark cuban. Always one with interesting ideas, has an interesting idea when it comes to giving the economy a boost. His comments on cnbc are still ahead. Announcer todays big number at least 100,000 thats how many Retail Stores are expected to close over the next five years as covid19 takes its toll on the industry retail numbers plunged in march and the detailed retail report is expected friday this is a tempurpedic mattress. And its mission is to give you truly transformative sleep. So, no more tossing and turning. Or trouble falling asleep. Because only tempurpedic uses proprietary tempur® material. That continuously adapts and responds to your body, to relieve pressure. So you get deep, uninterrupted sleep. All night. Every night. The tempurpedic summer of sleep starts now, with all tempurpedic mattresses on sale, and savings up to 500 on adjustable sets. Welcome back two months without real car racing is about to come to an end. Nascar returns sunday in South Carolina the first race since march 8 no fans in the stands. The race will be limited to a Certain Group of personnel but racing is racing lets welcome our guest, race reporter and former driver great to have you on cnbc. I know weve made our bread and butter on i racing and virtual racing it has been pretty cool, even though im terrible but we are getting back to real racing. What can we expect with the return to darlington this weekend . Thanks for having me on it will be different one of the biggest things. On a normal race weekend, weve got practice hours of practice. Qualifying there will be none of that drivers will show up and the first lap on the track will be taking the green flag at darling ton, which is historically one of the most difficult tracks we go on to preparation will be one of the biggest things drivers may take that first run or two at 80 which is unusual these are race car drivers but you have to be smarter because this is really going to put an ownness on your preparation and how much you are able to get this car as purposeful as it can be. With the draft rating up 2 x and 3 x. Now, they are desperate for any new content. There is a chance to gain a new customer base, i would imagine no doubt at one point, for the many ill Million People that tuned in and really opened eyes of people about what esports can do on the simulation side. For decades, we had sort of fallen off that natural consciousness this is maybe an opportunity to be at the center stage. The eyes of the world will be on this event that is something everyone understands. There are a lot of eyes on this. An opportunity to have a sport that will hopefully stick around when we are past this season we are showing you virtual racing, i racing, ive tried it out it came up huge. Looks incredibly realistic you dont have to travel, doesnt cost a lot no risk of industry. It has boomed. What do you think will happen with virtual racing . It has maintained that momentum. Ive been a huge supporter of the Esports Initiative working with i racing. Actually own a team in the top place in the series. That is a thing that will benefit from the momentum. We saw the viewership of those races, the top races for sim racers, no real racers, we saw that double. These have opened soem eyes and having people talking about it that is one of the things that motor sports has the most to gain out of many of these major sports you have this huge financial entry. What you have with simulation racing, you are lowering that entry to nothing it is a couple hundred bucks for a wheel set and you are out there effectively becoming a professional racer with that small investment which formerly was nonexistence in motor sports that can open up a huge base of participants that wasnt there before we were already seeing a real growth in that realm obviously, this accelerated. Im going to keep i racing i know for the drivers heading to darlington this weekend, that is one of the tools theyll use. Thats a big part of it. No practice thats what they got to do virtual is cool. I look forward to the real thing as well. Parker, great to have you on look forward to seeing everybody even at the track social distancing we appreciate it, parker have a great day thank you very much going to be a great racing weekend. Any racing is a good weekend. With almost every other store in america closed, what kind of numbers will we see from home depot, walmart, target . Our friday exclusive, what Company Insiders are the most bullish on their own equities right now . Top five names showing big insider buys the dow up 62. We are back right after this low sugar. Tastes great high protein. Low sugar. So good. High protein. Low sugar. Mmm, birthday cake. And try pure protein shakes, with 24 vitamins and minerals. The stock markets looking to claw their way out of the hole this week. The white house signals support for the potential of trillions more in debtfunded relief new york state looks at reopening as the Stock Exchange says it is time to get back to work on the floor. An unlikely winner in america. A feelgood Small Business story for you on this friday may 15. This is Worldwide Exchange here on cnbc welcome back good friday morning, tgif. Do days of the week even have meaning anymore . If they do, happy friday here is how your money and investments look as we are half way through the 5 00 a. M. Hour the dow up cold comfort even with a 350point gain because major averages are still on track for their worst Weekly Performance since late march sources telling cnbc the white house will likely support another round of relief for the american people. The house will vote on a proposal for a 3 trillion spending package later saying that in its current form is unlikely to pass this morning, not watching stock futures. We are watching oil. A good economic tell oil coming off the highest close since april 3. Oil is up more than 11 this week demand is up, driving again. Production and output is down. We have the rig counts later today. Showing another big drop well get that to you when it breaks time for our friday exclusive on what Company Insiders are getting bullish on stocks. Here are the top five insider buys herman miller, the longtime former ceo buying that as work changes, maybe hes betting on that. Illinois tool works, the ceo there buying 1 million in stocks ticida and harley davidson, the ceo apparently getting higher on the hog. Biggest insider purchase for harley shares by anybody in 13 years. Over 2 million worth of stock being bought by the ceo of harley davidson. The top insider this week is a huge 5. 4 million buy on upwork, upk. Not a number we talk about a lot. Reminder folks, well bring this to you every week here on Worldwide Exchange. Some execs getting bullish on their own equities no insider buying to report at jc penny. Sources telling us the once retail giant could file for bankruptcy protection as early as today although final negotiations between jcpenney and its lenders could begin. Calling for a decline of 12. 3 all ahead of a major week for retail results joining us now to break it all down, director of Retail Research the earnings, we look back most people would say they dont matter a lot we want to look forward. Home depot these types of Home Improvement stores are open. The parking lots around here look packed. What kind of numbers are you expecting from the walmarts, targets and home depots of the world . They are expected to post some of the highest samestore sales. Over 50 are expected to post losses but there are some winners. Those are Home Improvement home depot and lowes are said to post higher sales and costco, walmart, target and the Dollar Stores are all expected to see positive samestore sales. In addition to those, the drugstores but there is one particular retailer that stands out because they are expected to see an impressive 23. 4 samestore sales this is the luvsac their comps have been very strong and have continued through the pande