Next opportunity focusing on the return to a vaccine. Weighing in on how close we really are we are watching Worldwide Exchange on cnbc. Good morning, good afternoon, good evening im Brian Sullivan the question is this for the markets. How will today go after yesterdays market slide futures are mixed to slightly higher on a futures basis, they are down well call them flat today yesterday, the dow down 710 points all of this on new concerns about growing outbreaks around america and the possible slowing down of reopening plans. Anything travel related yesterday was crushed. Airlines, cruises, hotels. All this as new york, new jersey and connecticut imposed a quarantine requirement on travelers coming in from seven different states that are seeing spikes in cases. Basically, you are not welcome but if you do come, you have to stay at home 14 days you can see the airlines also keep an eye on oil. Many stocks taking big hits once again. Oil between a rock and a hard place. Youve got concern of inventories with fears of renewed slow down. Wti crude down half a percent today. With all the news you need stad side matt is in singapore, karen is in london. We did have a sharper session for the asian markets. We did see out of wall street, hong kong and china closed for today. Soft bank holding its annual meeting and telling shareholders their equity is back australia was the underperformer the big story there, kwaun tas announcing it will cut jobs and cut Capital Raising and will ground the airbus until 2023 and the ceo does not expect sizeable International Operations until july of next year. Back to you. Thank you lets get to early trade in europe karen is standing by in our london news room with that good morning brian, good morning we are closely tracking those u. S. Futures the direction of trade very much swinging around. The market hard for you to believe. Looking at the negative that we start. We were down to the tune of the markets we saw on the dow. Roughly 2. 7 a much stronger trade as you can see. The French Market is up a quarter a percent. We are seeing a red chip, just as we look at it turns positive on the ftse. Minimizing those losses. A stress on the second wave of infections, the forecast has worsened you can see a little bit of bid in the marketplace for autos in the green and financials up more than 1 . That is quite the definitive trade. Weakness has been put to one Side Technology lightening up on the boards getting to the Airline Space there has been a lot of news flow around lufthansa. This has been an aggressive play in europe now saying he will not object to the government bailout. That stock soaring at 15 . European regulators on the move. You may have seen wirecard filing for insolvency. That wirecard story, it is a German Company this could prove to be one of the greatest single frauds in the history of modern business, correct . If the allegations are true . It is a script for a new book missing fund of 1. 9 billion. Was the money in a Philippine Bank account or did it exist originally prosecutors are still looking in to that. A sad story for investors on something seen as a hot growth stock. Lets come back home as the u. S. Is reaching its singleday high for new coronavirus cases with more on that with frank become at hq thats right. Contributing to that staggering figure, california reporting more than 7,000 new covid cases yesterday. The biggest daily jump on record in the second straight day then oklahoma, also seeing the biggest spike on record in terms of positive cases. The rise is partially linked to increased testing, the percentage of positive results is also slowly rising with 6. 7 of tests coming with a positive result many states are reporting a sharp increase of Covid Patients in the hospital. Yesterday, texas had 6,319 patients in the hospital due to the pandemic more than at any time. Tennessee, arkansas are reporting higher numbers apple will reclose several stores in houston and following Closing Stores in florida, south carolina, North Carolina for similar reasons. Disney to delay reopening in California Disney shares hit hard yesterday. Down again this morning. Brian, back to you frank, thank you. Watching disney and other travelrelated stocks. It has been really a remarkable run for stocks lately. This could be the single best quarter ever for the s p 500 if we gain a little more than the end of june and made it harder in the selloff craig johnson, chief market technician at Piper Sandler. Very bizarre market. We needed to go up and then dropped 700 or 1,800 points. Every time we break out of that upper trend line for the s p 500. What happened yesterday and what do you see happening for the equity markets no question this is a market that does not feel good at all at this time between what we are seeing happen with the coronavirus flair ups and riots and protesting and unrest around the country and world at this point in time. When you step back and look at this market. Im talking about every Single Market cap that is the work weve done at Piper Sandler for years. We have 83. 4 of all stocks in some form of an up trend nearly a third of all stocks above the moving average the internals are Getting Better a lot of people are trying to associate all of the negative feelings they have about perhaps who is in washington, what is happening with the pandemic and what is happening with the unrest around the country. This market clearly is on the road to recovery stocks, you and i know are a forward looking mechanism. A lot of the stats here are really backward looking. We know the economy has taken a down turn. We know the unemployment level is high. Stocks are telling us a message of hope and that things are Getting Better any of these dips, we want to be buying i wonder if stocks have anything to do with the economy at all. Right now, the market is being pressed by the stimulus and the central banks. The first rule of investing is dont fight the fed at this time, they are doing a good job of keeping things flowing. Theyve got more money than all offo of us. They are determined to keep the economy going. Im not willing to bet against the fed at this point and the senators and are especially tiffs in washington planning on putting another stimulus package through. Well get positive data points on some of these vaccines coming up i wouldnt be surprised if you hear further updates when that happens, the selloffs will reverse cruise lines reversed quickly. By the way, for the fundamentalist, earnings have bottomed and started to improve. We are on the road to recovery and by the way, we have the top analyst. He is doing amazing work on this hell tell us what is going on right now. He will echo what you are saying as well. Just on the basis of math, numbers will only go up in any possible way 2 is bigger than that talking about the technicals of the market are there any side that looks really still either in a positive trend or undervalued to you . We showed the tech stocks not at peek but getting dog on close. Where im seeing the best relative strength. We want to be overweight tech. Ive been overweight tech and it doesnt look like it is rolling over or waning we want to be overweight cyclicals or health care you look at stocks like abvi, abio med and danaher, these are training very well i look inside the consumer cyclical space and if you look at stocks like activism, they look good. In technology, things like slack are looking constructive and looking at names like nvidia, these are names that are still doing very well and should be bought by investors in my opinion. Danaher had a 22 million insider buy there. Even insiders there are bullish. Craig jongs, watchihnson, watch. When we come back, despite the resent surge of new home sales, shares of this home builder is shrinking the list of Companies Going b k bankrupt we just talked to Morgan Stanleys top biotech analyst on the vaccine and the four stocks you need to be watching now and his data on exactly what is happening with covid19. We have a busy hour coming up. Futures are higher we are back after this 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. And now, with one of our best offers ever, were committed to helping you do just that. Get a powerful and reliable internet and voice solution for only 29. 95 a month for three months. Call or go online today. Welcome back homes, cars and good dental hygiene are stocks on the rise right now. Good morning. Well start with home builder. Shares of kb home dropping reporting better than expected Second Quarter earnings. The orders canceled due to the pandemic resulting in an up tick. This month, Ally Financial carding off the merger with cardworks. Neither will be required to pay a termination or breakup fee hertz is up another 5 after rising another 30 the move comes after auto nation, car max and others could be eyeing another fleet of new cars which could flech shares. Shares of envista are up running, people have to go to the dentist again. Back to you. As we talked about back in early april, used car sales would spike. Frank, thank you. It is the sector that keeps america moving and maybe the Top Transport executives have to say about the reopening of the American Economy announcer todays big number 49. 5 million thats how many people in the u. S. Applied for jobless benefits e Unemployment Rate is 13. 3 as of the may reading. Just vacuum, spray mop, and toss. The shark vacmop, a complete clean all in one pad. Because the tempurbreeze transfers heat away from your body. So you feel cool. Night after night. During the tempurpedic summer of sleep, save 500 on all tempurbreeze mattresses. That go out today get delivered. There are people who can only get food from amazon. When you come into work, thats what drives you. My little one, i would say hes definitely proud of me. Every time he sees the blue prime trucks, he says, daddy, theres your people i know every single one of us is here busting as hard as we can go every day to make sure these packages get delivered. Welcome back after weeks of coming out of our collective shells, is there a risk as a nation we retreat back again . We might in some places. Look at the latest movement from apple. We are going to focus on houston because it is americas fourth biggest city and important as the Fastest Growing metro area texas also the center of virus concerns you can see after weeks of a pick up and people moving around, the far right side of your screen is starting to flatten or even come down. That indicates data from your phone because remember they are tracking you that some folks may be staying home a little more again or at least not growing and going out. Could also have to do with the fact that it is 95 and humid that mobility data in atlanta, los angeles and other places are the highfrequency data we need to watch and why weve been talking about it for a couple of months despite the spikes in texas, california and arizona, all where it is hot. Transports fresh off the phone with analysts jason seidl joining us on the news line you had this closed to the media call yesterday by the way, dogonit, let us on next time. What is your word because they may be the best indicators we have caller good morning. And yes, transportation is the life blood of our economy showing what is moving through our economy. We held our round table. We had nine individuals from across the supply chain. People are optimistic. June showed a notable improvement over may when we polled participants about the outlook for july 7 out of 9 were saying july will be up over june. That is significant in when you look at normal freight seasonality on a normal year, july would be down we have our fingers crossed. Over the past six weeks, weve seen spot trucking rates go up to double digits in that time frame. There is real worry about some of these states where it is hot and everybody is back inside there is real concern about relockdowns or slow downs. What kind of a leading or lagging indicator how many days or weeks in advance would your company know what is going on with consumer demand . It depends on what part you are talking about. Trucking is a coincidental as opposed to the guys who bring the containers to the ships to local warehouses there was someone there that was fairly bullish on the economy Going Forward as well baysed on what hes seeing and his customer plans we have to remember where we are coming from. We are coming from an economy that is completely shut down this is not the economy over the past 22 years that ive been an analyst. We are seeing Automotive Companies go from zero to 25 to 55 of their capacity. We are not back but slowly coming back. Seeing them take inventory out it is starting to move again, so thats a positive sign for the economy. We got to go, jason but 20 seconds, what is your best maybe one or two stocks you recommend right now . Kansas city southern, a rail provider in u. S. And mexico. Business is coming back. Running a precision cutting cost we like it, on the trucking side, Tfi International just did a us ipo we love them, a lot of free cash and lower cap x. Jason seidl with his exclusive quarterly call we do appreciate it. Thank you. Going to kansas city kansas city, here we come. Coming up, virus cases to stock data to retail interest. What are the real big themes driving your markets right now join us when Worldwide Exchange returns. Dow futures are gaining steam. We are back on a thursday morning after this thats been through multiple market cycles for over 85 years . With capital group, i can. Talk to your financial professional or consultant for investment risks and information. Cool . Drop the taco. Get in the car. Does this sentra feel like a compromise to you . Wait, what. . The handling is good, right . No compromise there. Nope watch this. Umm. Bbrie. Brie brie rear automatic braking. So if this Nissan Sentra isnt gonna compromise, why should you . 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And economic pain from the lockdown continues another wellknown American Entertainment Company filing for bankruptcy this is thursday, june 25. This is Worldwide Exchange on cnbc welcome back good thursday morning. Hope you are having a good start to the day here is how your money and the markets are looking right now. Futures have turned around, they could be up triple digits by the time im done talking. Stocks taking a hit across the board. The dow down 710 points. A different theme. Small caps which had been doing very well dropping 3. 5 . All of this around new concerns of outbreaks and slowing down reopening plans. Anything travel related was demolished down again this morning. All of this as new york, new jersey and connecticut agreed to impose a quarantine requirement on travelers coming from seven different states, those there seeing a spike in new cases. You can come but if you do, we dont really want you to come. But if you do, you got to stay inside 14 straight days. Also oil falling yesterday many stocks taking a big hit you got concerns about inventories being near record highs. Inventories are back up. Fears amid new demand if cases keep spiking and people thought, you know, we were going to travel, maybe not. Then we could see a demand in transportation fuels Falling Crude oil is plflat right now bt fell yesterday the big story is the German Payment Company wirecard arguably maybe the most highly touted and hyped Financial Technology company in europe, which has now gone insolvent in a matter of weeks. A sad story for people who had money in wire cacard and what is going to be a hell of a book some day this emerged out of the dot com boom and bust. Wirecard deciding to file for insol Insolvency Proceedings we continue to track that story. That stock was suspended about 60 minutes a look across the broader markets. You can see, weve recovered from some early losses we are across the boards and now bouncing and keeping a track on the u. S. Futures we continue to see the negative sentiment. A very volatile amount that has been roughly 12 . It has been a weaker trading for wire card. Look at that no wonder they had trouble 79 down a huge swing suspended lifted look at that action. Incredible of course the former coo had been arrested, out on bail so much of that story still to come out thank you. Back here in the U