As he calls them unchecked monopolies big plans for the big apple. Finally out with a reopening plan and why the novelty of working from home may be wearing off on all of you it is friday, may 29th, youre watching Worldwide Exchange here on cnbc good morning, good afternoon, or good evening, welcome from wherever in the world you may be watching. Thung for joining us right here on Worldwide Exchange. It looks like it may be a weak end to your week dow futures down about 73 points stocks having a good week so far. But right now, market nerves seem elevated a a bit waiting on the president s speech about china. Well get more on that in a moment despite yesterdays drop, the dow, nasdaq, s p, all the major indexes are on trial court for their succeed strakt month of gains. The nasdaq leading the charge among the broader index up 5. 5 . Now less than that small caps the real winners this week up nearly 8 as investors begin slowly to look past the lockdowns, this may be the story that may move markets today and going forward. The chinaled government of hong kong issue iing a new warning to the the United States. Any sanctions are a doubleedged sword that will not only harm the interest of hong kong, but those of the United States this as President Trump prepares to address the nation later today on the situation in china. No indication from the white house on exact details of that News Conference. Well cover that event right here on cnbc the moment that it begins lets get back to the market asks your money. And the growing shift of investor focus and the global lockdowns to the global reopenings and rising geopolitical tensions. Joining us now is mark haefele, mark, thank you for joining us bright and early on this friday morning. The markets, were talking about a second wave. The mrkts look like they have had a second wind particularly lately what will it take to you and your team to keep this recent momentum for stocks going . I think that youre right, that the fear is for this second wave of. We think that theres reasons to believe that that wont materialize. That a second wave of the virus that leads to further National Lockdowns wont materialize. That should give people some optimism that there is upside to this market, particularly in some of the sectors, as you mentioned. Maybe the midin the u. S. Or germany in europe. So thats one of the thing this is were looking to today beyond some of the political tensions what are you focused on primarily . Is it the reopenings of the economy . Is it the Economic Data . Is it the situation in hong kong is it Something Else perhaps i think that the being in europe and having a team globally, we have seen the fears of what the virus can do, the wave of fear move just as the peak and the trough and the virus counts has move d a as well so as we move past that, we have started in asia to look at things like autos and Consumer Electronics and transportation and beverages and here in europe, we are opening up again. So we are looking more towards some of the names in the hopes that this sentiment starts to change rather rapidly. Of course, in a base case where those things dont materialize, we are still looking a at credit because we want to be buying where the Central Banks are putting their money. As you know, the Federal Reserve efforts are real and starting to have a Material Impact havent yet gotten the financial conditions in the United States back to where they were before this crisis. But they are moving things in that direction thats a very powerful force for these markets. I want to go back to some of the data i track about 15 states every single day on a spread sheet news case counts and the good news now is it looks like many of the reopening states and testing expands the number of new case counts continues to stay fairly muted thankfully maybe 1 to 2 in the majority of the states is that the kind of data that you and your team are looking at most closely right now and if it is, you acknowledge that we still probably have a week or two until we really see this follow through on the data after reopenings theres a 4 to 6week lag. What we have done is we have taken the data frthat tracks wht people are doing whatever the government lockdown was and plot ted that versus a reduction in the rates what we found is that the data shows that lockdowns are not necessarily the best way to slow the virus progression. So south korea had a very small reduction in mobility, yet redu reduced it strongly. We know that countries like spain and italy and france were locked down. And they didnt do as well as some other countries in terms of slowing the reproduction rate. So what i think that says that data comes in is even if the rate goes up a bit as the lockdowns are loosened, the logical step may not with be to go to lockdowns if we see a slight rise. Were less likely to see hospitals overwhelmed. We made progress on the medical front. We have gotten more ventilators, we have more icu beds. So thats fear of an overwhelming of the hospitals is not there. And that should give policymakers more options. This is incredibly important stuff were talking about here and history will taebt thats for another day and another time but it sounds like your team, if im hearing you correctly, as you track mobility, what your team has found out is that number one, people seemed reasonably good at selfregulating, i would suppose. They dont feel safe they are not go i think to go out, but it appears they are willing to move around freely once they do feel safe the consumer may bounce back faster than many of the most negative had predicted thats certainly a possibility. What were seeing in the data is that probably contact tracing, wearing masks, are probably more effective than locking down your entire economy and therefore, should we see transmissions rise again, policymakers need to look at options besides locking down an economy and the ult mayly its what consumers do follow the sick and mask up fascinating data there mark, thank you for doing that work we appreciate you coming on. We welcome you back any time thank you very much. When we come back, twitter versus trump round two this time over the growing crisis in minneapolis. Plus the future of dining out in new york. We speak with the ceo of one familiar chain on how is may look like when you finally go out to eat again in the big apple. And housing, it stays hot but its a market with many risks. We are going to break it down. We have a busy hour ahead. Were just Getting Started well see on the other side of the break. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Twitter taking issue with one of President Trumps tweets. This time regarding that developing situation in minneapolis. This is a adodeveloping situatin President Trump said he cannot, quote, stand back and watch this happen to a Great American city of minneapolis the president referring to the mass demonstrations and protesting rocking the region in response to the highly controversial killing of george floyd by a Minneapolis Police officer. The president going on to say in a second tweet thats byebye flagged and cent cousored by twr that he spoke with the governor. And the the military is with him all the way. Any difficulty and well assume control. When the looting starts, the shooting starts. Thank you. Thats the end of the quote. Twitter says the tweet violates its policies regarding the glorification of violence based on the context of the last line and the connection of violence and the the risk it could inspire similar actions today. Twitter has decided it may be in the publics interest for that tweet to remain accessible due to the president s status as a public figure. The latest move comes hours after it responded to the president s executive order targeting social Media Companies calling that order reactionary and politicized. This is a developing situation frank, good morning thank you very much. Watching twitter stocks and facebook as well as others today. We have got a lot more to do on the this friday this stock is already up more than 30 this year, but your next guest says it has plenty more room to run she will name names and give you more top picks as we head into the weekend, just for you. Thats next. Its only human to find inspiration in nature. And also find answers. Our search to transform. Farm waste into renewable natural gas led chevron to partner with california bioenergy. Working to provide an alternative source of power. For a cleaner way forward. And wells fargo employees are assisting millions of customers never before 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. Software, shoes and fry iin pans salesforce topping forecasts but the outlook for the quarter just shy of estimates they are cuttings earnings as it offered Payment Relief to some customers and made new investments. That stock down 3. 5 nordstrom sales fell 40 in the first quarter, but the Department Store chain says it worked heart to shore up its balance sheet. They olympian to expand their n online and off price business. Which makes up 60 of sales. And retail, good news. Williamssonoma results topped many forecasts it posted a surprise increase. The company owns west elm and pottery barn they are benefitting from online sales. Everybody couldnt go anywhere, so they worked to spruce up their homes. They are up nearly 7 in the premarket. New york city mayor bill de blasio outlining the first steps to opening the five burros the first phase expected to be enacted early next month construction, manufacturing, nonessential retail should be back up and running. But the city council is pushing the mayor to include special provisions for restaurants as well joining us with a look at what that could lack like is knives napkin restaurant tour listen, its great to have you on love your burgers. Right there on 9th avenue. Many other locations cant wait to go out to eat again at some point. What are you hearing about the reopening plans and bha would you like new york city to change about what you are hearing good morning, thanks for having me. Thanks for the nice words about the burgers. We are excited to get back open when we can, but first and foremost, we want our guests and employees to be safe when the time is right, which hopefully is approaching, well be ready the big thing now we have been advocating for is more outdoor seating. Theres been proposed discussions a about how toex pand outdoor seating that seems like a great way for the community and forthe Restaurant Business if that could happen do you believe that is going to happen . I know that on one of your locations, you have a that sidewalk stretch outdoor seems to be safer. But not every restaurant has that capability. I would imagine any discussions youre now getting a fight between the haves and have notes of al fres co, if you will its definitely a complex task to get a permit for a sidewalk cafe has been a difficult and expensive process and a timeconsuming process now they are trying to develop a fasttrack process its not easy. And certainly, it works in some locations and not others but to get a sense of normalcy for the dining public, get people out and eating safely and b joying the summer, hopefully they can cross some of the bridges. Are you confident that will happen im hopeful it seems like everybody want it is to happen where theres a will, theres a way. Obviously, it is going to work out better for some restaurants than others. But its luck of the draw. Hopefully some of the small restaurants that never had sidewalks, if they can get one or two tables. And let people serve on the street its a great solution. And we need the public to be comfortable eating out again and feel safe. And if outdoor can be a big part of that, thats the first way to get us back in business. Im all for it i even tweeted out about a month ago, why not block off some streets it sounds like not just the sidewalks, we have bikk lanes and maybe a dining lane. It sounds ridiculous, but we talk about being outside perhaps. Thats the way to go let me ask about workers its been a lot of debate about this its a touchy subject. I get it are are you confident you can get back all of your workers right now . Im confident the design is there. But the real question with the Restaurant Business is we brings a as many people as we can when business demands and unfortunately right now, we have a skeleton craw doing delivery and takeout once we can reopen, were excited to start hiring back but there needs to be business to support everybody and so unfortunately, no one really knows what that looks like hopefully as we ease up, well keep bringing back a as many people as possible as quick as possible we have to go give us a reason to be its friday. Were entering summer. Give us a reason to be optimistic whats a date where we can take this crew, busting their bullets every single day to get a burger and a beer in new york city. What day can we finally do that again . Im thinking july 15th, somewhere around there we enter phase one and four weeks after that so somewhere around july 15th well be ready for you would love to see you. That cant be fast enough 5 napkin burger ceo, best to you and your team. Thank you. Thank you i know some of you on the east coast are already doing it, buts for us, coming on straight ahead, a Worldwide Exchange at what Company Insiders are gtietng the most bullish on their own stocks including one big name you know doing some serious buying. Were back right after this. Markets on edge as trump takes on two new nights. One with china round two, twitter offering now to fact Check Another trump tweet as the president said he may try to shut them down and housing stays hot, we have been talking about it for awhile, but as buyers move in is it buyer beware. Well outline some of the risks to real estate on this friday, may 29th this the Worldwide Exchange here on cnbc welcome back happy friday, everybody. We made it out it has certainly been a good week for stock investors all the major averages are up a couple percent maybe looks like a different tone early stock futures down about 44 points. But were watching that roll over that began late yesterday as stocks began to slide President Trump hinted at action against chinas crackdown on hong kongs free speech. Well watch that despite that, all the major indexes on track for the second straight months of gains the nasdaq leading the charge up nearly 5. 5 . This has been the week of small caps with the s p small caps up nearly 8 . Now lets go around the world and see whats happeningen on a mixed trade. You had japan and hong kong down fractionally the Mainland China up. A bit more of a trend to follow in europe. You have more ed are on the screen not a lot. But they are down. Still it has been a solid week for stocks its time for our weekly exclusive on insider buying. What Company Executives are putting their own money in their own stocks this did ta coming to us for insider score. Youll notice a trend this week. These are all smaller cap games. Lets count them down. The company with the fifth most insider buying this week is g. When he buy, the stock has done well orien engineered carbon, yep. The ticker is oec. The ceo, cfe and chief accounting officer all doing some buying there. You had multiple insiders buying for the First Time Since their april spin off stock number two is interesting not just because its a new name to us. Ahh, it was done by board member john snow. No, not the guy writing the wall and protecting us from white walkers. The former treasury secretary that john snow and the stock with the most insider biefing this week construction firm, multiple insiders buying 2 million wort of stock the five names with the most insider buy this is week via insider score. Why do we track this insiders lately have been spot on with their buying check this out the average gain of all the insider stocks that we have brought you the last six weeks or so is a jump of 43 this quarter. That compares to a 17 gain for the dow since march 1st. So insider bought stocks have more than doubled the dows return were going to keep bringing this each week here in the 5 00 a. M. Hour. Speaking of buying stocks, many of you may have bought up shares of the socalled stay at home stocks the companies thought to benefit from staying in, watching a lot of tv and hopefully working out. But as we look thankfully to begin to emerge from this in many parts of the countries, they have hot names that cool off. Lets welcome in victoria fernandez at cross mark Global Investments great to have you back a buyer of some of these names like a Charter Cable people have to make sure they are well connected are you holding on to some of these stocks we are holding on and were actually using any pullbacks we see in the market to really add to some of these names. We really think that secular growth story is still something that over the longterm is going to serve well for clients. We know theres been a lot of shifts lately and people h