Morgan stanleys lead biotech analyst is here on this thursday, may 21 you are watching here on cnbc. Good morning, good afternoon, good evening and welcome where you may be watching thank you for starting your thursday with us here is how the Global Markets are getting through their week the dow indicated down over 100 points i wouldnt buy too much into it. It has been a very volatile week we were up big plus 900 points on monday. Up fairly big, up solidly yesterday as well. Could be a topsy turvy week. The dow is up nearly 4 just this week. The s p 500 is at the highest level since march 6. Some big news in the bond market the option of 20year bonds that raised 50 billion why is that news we have not sold as a nation 20year bonds since back in 1986 also a bunch of single stock stories we need to Pay Attention to on thursday taketwo interactive a little lower this morning. Everyone apparently staying home playing video games. Just off the alltime high stock two, expedia, a little higher despite a drop in sales good news is that expedia did note a slight rebound of travel bookings towards the end of their quarter. And finally, apple showing a big sign of the times now releasing a new Software Update which will make it easier to unlock your phone while wearing a mask the new update will immediately display screens that will allow users to open screens manually instead of that gap when it doesnt recognize your face. Real sign of the times back to the markets. A number of items dominating your headlines today number one, latin america overtaking United States and europe when it comes to daily increases of the number of covid cases. The global tally over 5 Million People around the world. Also today, President Trump perhaps stoking more tensions with china in a series of tweets accusing the country of a massive Disinformation Campaign around the viruss spread and he doubled down on claims that they could stop the virus in wuhan as early as january it has been a very good week for stocks joining now, managing director at direxion. Do you think we will actually this year make new alltime highs despite, you know, a Global Pandemic . Caller good morning, brian thank you for having me. I dont know that well make alltime highs i think well hold up and the volatility will continue you have the situation where the stock and the index does not match what is going on the fundamentals are pointing to this earnings may be weaker the good news that with some of the states reopening, these hopes for a virus working, the fed put some of these things are driving the market optimism. If they continue, we can hold up and find bright spots here you mentioned them this morning with tech being one of them. Tech being the biggest bright spot nasdaq hitting an alltime high. Taking a diversion between main street and economy not ever been starker. You can see what you think will happen what are your clients doing with their money now . Where are they placing their bets sure. It varies. The first thing we say is now more than ever, it is important to look for diversified portfolio. In terms of the longer term with the newsdriven market buying operation in the Efficient Companies quality of names. For the short term, weve seen a bunch of names weve seen dow jones internet, etftype product thats the whole amazon, paypal, the leveraged stayathome story. Some of those names are held up quite well in this pandemic. Tech is another one. Apple, microsoft, they have strong balance sheets. They are almost behaving defensively. We need data and access. Those have continued to work to give a few examples there. Ill call it bp and dp. Id say before pandemic and during pandemic. We cant say after yet it sounds like what worked bp is working dp with the addition of zoom and web ex which is owned by cisco exactly you have a lot of names and you think retail is down weve got numbers out of target and lowes and positive momentum there. The top names in those indices are amazon, starbucks, mcdonalds. Amazon is crushing it. Whether you are buying consumer staples, they exist at amazon. People are buying their Paper Products there, their ppe, their wants over their needs that name continues to do well if you cant afford the stock, that is another place. Consumer drove the economy going into this and that continues to perform. Amazon at an alltime high yesterday. In my next life, im going to be a box maker or at least a recycler it is amazons world and we are all just living in it. When we come back, what might your new york city, boston or d. C. Office building look like when you eventually return . The ceo of one of new yorks Biggest Real Estate Company is doing. I want you to think boxes in the elevator and one of the top Tourist Attractions reopening today. A new look at graceland. Oil surging from less than zero to 33 in a month. Will opec ultimately let the world down rbc health elima croft is here thats next. Save hundreds on your wireless bill without even leaving your house. Just keep your phone and switch to xfinity mobile. You can get it by ordering a free sim card online. Once you activate, youll only have to pay for the data you need starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. At some point, manufacture you will return to an Office Building likely in new york city, boston or d. C. But vertical cities with high buildings face unique challenges not only keeping people safe but making sure employees feel safe and can come back to work. Rxr realty owns more than seven buildings in new york including 75 Rockefeller Plaza we spoke with the ceo and some of the new changes implemented weve created a product called rx well which provides our tenants with the tools and protocols and information that enables them to get to work and work in a safe way and get the best and most out of their work place. It starts with educating at home theyll be able to look at an app and see the health index of a building if it is weak, they can decide well, ill stay at home. We mentioned about coming in in rotations or staggered openings. The app will give them the time in terms of what time theyll come in so we dont have concentrations in our lobby or transportation theyll fill out a Wellness Index and answer questions and get a green or red to say whether they should come to work even to start with theyll come in and be a standard that will check their temperature. If it is more than 100. 4, well have a wellness worker that will greet them if it is still over, well get them a car to take them home or medical facility theyll be wearing a face mask, censors to make sure people are social distancing and wearing their masks. In elevators, well have boxes in theelevators to stand in a box and wear a mask and face forward. When they go into their space, they will have to practice social distancing. Well give them tools to measure when they are social distancing. At the end of the day, they can look and say, okay, i was able to social distance 70 of the time maybe i can get up to 80 changed behaviors moving around so there is not people more than six feet of each other giving them a look at a heat map on their app which shows them concentration. If they need to go to the rest room, if the rest room is more than 50 , theyll wait a whole new set of protocols truly incredible. New york city is uniquely challenged it is a vertical city. We move 6 Million People around underground in metal tubes your firm is also in the suburbs. A lot of ceos are saying right now, the new world for them may be 325 in new jersey and 325 on park avenue, 325 in west chester and others are scattered do you see suburban lower slung, sl three stories or less with stair way use making a come back. You are describing a distributed work force theyll have the headquarters and satellite offices. Our clients now are looking at the zip codes to where their work forces live to decide where to put them. Everyone has been getting dense, dense, dense, trying to get as many people in a small space to save money now the workforce wants more space. Rather than being 150 feet per person, it might be 200 to 300 square feet per person theyll either take more space in the city or disperse it elsewhere. A lot of people say, im short commercial real estate it sounds like some parts may hurt but others may benefit. You talk about needing more space. A lot of people wont come back to work in a building. In five years, things will be very different the way we feel now will change, hopefully. There may be a feed for more space. There is a new normal there is this period where there is a need for more space and more emphasis for remote working. Just after we saw after 9 11, some of the protocols and infrastructure put in place carried on i think the same thing will happy here truly interesting stuff from rxr and what the building of the future and this new world will like like. Well look at the future of work in the days, weeks and months ahead. It is not just madonna and lady gaga and President Trump are at risk also increasing the chances of cyber crime. Well have more on that. Announcer todays big number, 2. 2 trillion. Where the con Congressional Budget Office sees the gdp for 2020 expecting to drop by the second quarter. We live in uncertain times. However, there is one thing you can be certain of. The men and women of the United States postal service. Were here to deliver cards and packages from loved ones and also deliver the peace of mind of knowing that essentials like prescriptions are on their way. Every day, all across america, we deliver for you. And we always will. High protein. Low sugar. 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Ooh look over here something much better. There it is. Peacock, included with xfinity x1. Remarkable. Fascinating. Very. It streams tons of your favorite shows and movies, plus the latest in sports news and. Huh run the newest streaming app has landed on xfinity x1. Now thats. Simple. Easy. Awesome. Xfinity x1 just got even better with peacock premium included at no additional cost. No strings attached. Just say peacock into your voice remote to start watching today. Welcome back the highprofile hacking of the famed alan grubman revealing even more information on celebrity clients including President Trump, madonna and others if 42 million in ransom is not paid. The group says it already sold off the trump files and will auction off what it has on madonna. Lets talk more about that with eamon javers exposing a big hole in cyber hacking and we are all working from home now. Caller exactly they are saying the cyber criminals are having a field day with the coronavirus our ceo had a lot of ideas about why that is. Breaking into two categories one is the technical weaknesses we are seeing and the other is the social weakness. Look, a lot of companies had been five days to put their entire work force on this work from home set up they are using a lot of Video ConferencingSystems People are not familiar with and using family Home Internet routers even childrens Gaming Systems are using the same wifi parents are using for their office work. All of that creates new vul ner b ibilities and new ways in. You talk about social weaknesses a hacker sending you a phishing email takes advantage of that by sending you these emails that look like they might be something you are supposed to click on from your office and you click on it. There is a lot of virus anxiety out there. People are more likely to click on emails that pretend to be about covid19, particularly if it is information that looks like it is coming from their office all of that creating a problem how much will that cost to fix anywhere from 247 and 1,755 per employee is the cost to secure all of that do we have any idea what is in those trump files a bit surprised that alan grubman has trump as a client, maybe from his Television Days we dont know of course the president was in the entertainment business he interacted with a lot of celebrities over the years it is possible there is some trump information in the files through one of his celebrities but ive talked to some Cyber Security experts who are skeptical and say this may be just an effort to drive this into the headlines, that has worked on part of the hackers and to drive up the fee here they are ransoming the fbi, as tough as this is, the fbi always recommends you dont pay the ransom nobody from the irs is sending you an email saying log in and put your Social Security here thats not real. Still ahead, your daily dose of good news as more of us are going out and spending well show you the latest sector that could get a postpandemic pop. Plus facebooks pledge to pay 1 million to women and minorityled businesses. And change business asked swing state voters for a oneword description on how President Trump is handling the pandemic that one word ell wit is striking it is coming up after this vo our communities need help like never before and wells fargo employees are assisting millions of customers across america through fee waivers and payment deferrals, helping people stay in their homes through mortgage Payment Relief efforts and donating 175 Million Dollars to help hundreds of local organizations provide food and other critical needs. When you need us, wells fargo is here to help. The nasdaq 100 is now just 2. 5 from the high it all comes down to the latest health data. We help track the trends in the fight against covid19 these stocks you get a bet on as their research has been spot on and their lead analyst has never been on tv until today hes here on Worldwide Exchange in a few minutes a little less conversation and a little more action how graceland is getting ready to rewelcome visitors in the pandemic era this is Worldwide Exchange on cnbc good morning welcome back and good morning. Hope you are having a good start to your thursday how your money and investments are looking. Half way through the 5 00 a. M. Hour dow futures are off just over 100 points the markets with really whip saw action the dow surging 900 points on monday, lost about half that on tuesday, regained a bunch on wednesday and futures are down today. The s p is now close to its highest levels since early march. Both the dow and s p are on track for their best weeks since early april. Once again, the big star has been big technology. The nasdaq 100 is up nearly 4 it is now just 2. 5 from its alltime high. Here may be your stat of the day and it is only 5 30 in the morning. Onethird of the nasdaq 100, 35 stocks are now up more than 10 in the year 2020 not over one year. That is year to date onethird of the index during a pandemic. 36 million unemployed americans and 35 stocks are up more than 10 . Well probably hit new highs in the next couple of sessions. Facebook is one of those 35 stocks it is up 38 just since april 1. Can you believe that facebook coo telling us that facebook is going to give 20 million to Small Businesses owned primarily by women, minorities and veterans that have been hit hard with the lockdown just like with facebook shops, we are listening. What Small Businesses have said is we need cash. We put 4 million to work in the United States. We have marked half of that for women, minority and veteran businesses we know when crises hit, the most vulnerable are hit the hardest. We are aiming to get the money out the door. They can afford it. That stock up 40 since april. Stocks you got to watch today include aurora cannabis. It is buying u. S. Based cbd company reliva allowing the Company Based in canada to enter the u. S. Market. Master card. If you work for master card, listen up, it will not ask any employees to return to the corporate offices until it is ready to do so also reevaluating the Global Real Estate footprint and considering consolidating some offices. Employing some 20,000 people globally and is based in westchester county, new york we try to find a good little piece of data to get your day started. Take a look at this. This is data showing foot traffic at new Car Dealerships around america coming from the Company Called gravy analytics that shows while we are off our highs we are having action and people coming back to browse the car lot at newcar dealers posted this on twitter many are reporting that despite everything going on, they have strong car sales whether it whether it is bordom people need c