That 10,000 mark and close there. The market picture is mixed, of course, as george floyd is laid to rest in houston. You are looking live inside the fountain of praise church as the Memorial Service continues. The death of the africanamerican man in Police Custody just over three weeks ago was the spark for protests on racial inequality and police brutality. Major corporations, you have seen this, we have told you about it, rushing to pledge support for the cause. Randall pinkette is not only the winner of season four of the apprentice but he founded and runs a company that actually leads corporations in a whole bunch of Government Agencies to overcome the racial divide. Hes here and he will tell you which companies are doing it right and what else has to be done to achieve true equality in the workplace. Forget carmageddon. Vroom is shooting straight up after its ipo today, up triple digit percentages. Wait until you see that. The ceo of the online used car dealership is here on whether profitability is close or farther ahead on the road. Less than an hour to closing bell, lets start the claman countdown. Liz you know what, i want to look at oil. Right now it is up 2 . We are now just getting data on the resumption of oil activity. Oil and gas in the gulf of mexico, after Tropical Storm cristobal tore through the area over the weekend. The u. S. Government says still about 31 of Oil Production and 33 of natural gas output still remains shut. Typically, you got to know this, the oil majors inspect their platforms after a storm passes through before they will resume normal operations just to make sure nothings been dislodged or that the area is entirely safe. We do have gulf oil producers, everyone from murphy to occidental to bp to royal dutch, all moving lower anywhere from lets call it 3. 66 to lower by 5. 66 . Good runup yesterday and as i said, oil in the after market up 3 . We all heard of one Company Named after nikola tesla. Now another automaker named after him has been on a tear, up 141 after its public debut following a reverse merger last thursday. Nikola had a huge day yesterday. Its up another 11 right now. I want you to meet the badger. That cool thing is nikolas Battery Powered super hotlooking pickup truck. It boasts electric and Hydrogen Electric trucks. The stock spike came on the heels of their announcement that starting june 29th, its ready to take preorders for the badger. No used badger yet but dozens of preowned teslas are listed on vrooms website. The used car sales site zooming into the land of publicly traded stocks today. Can it beat carvana . We have the ceo Paul Hennessey coming up live. We are going to talk to paul about that. We are going to show his website. We will see how hes different from sort of the leader in the space right now. Carvana. While the ipo market is booming so is the craze for gardening. Scott miracle grow coming up roses, up 1. 66 right now after it forecast higher sales growth thanks to a yen for tending gardens during the covid19 pandemic. I actually planted mint and basil. Dont ask me what happened when i let the dog out. Okay. Were not going to talk about that. Wasnt pretty. The company known for making your glass phone screen is catching the covid wave. Demand for glass vials surging as drug makers race to find a coronavirus vaccine. Corning is the winner. This stock is up 34 quarter to date. Very nice move here. Now the u. S. Government says its going to give corning 204 million to boost its manufacturing capacity of those muchneeded glass vials. Flip it over to macys stock. Macys stock is back from a trip to im calling it near death valley. The retailer which hit a low on april 1st of 4. 43, look at it now at least. It has clawed higher by 85 quarter to date. It now stands at 8. 90. Really coming back. Why . Well, macys has reopened 450 stores and says they are performing better than anticipated since they have opened. With ecommerce business strong and that of course helped by the introduction of curbside pickup. So they morphed, they finally got moving which is hard for one of those legacy type of businesses. So macys back from, yes, as we call it the land of the near death valley. We may be seeing the dow and s p 500 slipping back a bit after gaining 44 since the notorious march 23rd low, but even as the nasdaq is about 20 points away from the never before closure level of 10,000, were at 9972, whats a few Percentage Points lost, when during that time period, global stocks overall, look at this number, have regained 21 trillion in value. I have a question that may be a little painful for some of you. Did investors who sat nervously on the fence miss the chance to get in on the market rally . To our traders on the floor show. Tom, let me start with you. I know the answer to this question shortterm and its yeah, they missed the greatest entry point, but is it better late than never . Should they get in now . Well, liz, theres no question as you said, we are up 44, 45 . In the short term, and even if we push higher here in the short term, its okay. Over the summer, we are going to have to digest this quick move and we are at the beginning of a new cycle. So in the short term we have moved a lot and will digest that. In the intermediate to long term, this is the beginning of a brand new cycle. Use these opportunities in coming months to add to cyclicals. Why cyclicals . Because those are the sectors that perform the best coming out of a recession in a new cycle, like banks, like defense stocks, like home builders, like energy, like small caps, and even if you missed out on this 45 move, theres one sector thats still cheap thats lagged behind and thats banks. 95 of financials have dividend yields greater than the tenyear yield. They are sitting on a half a trillion dollars of cash. They are wellcapitalized and the credit reserves that they are going to have to take are smaller than anticipated because of the intervention of the fed and of the treasury. We still like banks here. We like adding cyclicals over the summer on any pullback and the opportunity is well ahead of us in coming years with all the stimulus, 12 of global gdp, fiscal stimulus, we have never seen anything like that. With earnings estimates for 2021 at 165 a share, we have room to run and we are going to be seeing new highs in the s p too for sure in the next 12 months and probably a lot sooner. Liz yeah. You know, phil, the fed meeting, twoday fed meeting, has just begun today. But lets look at sort of a little bit deeper into the weeds here. The price to earnings ratio of some of these names look absolutely crazy. Pe ratio of apple right now, im not saying thats crazy, but its around 27 which is historically pretty darned high. Are valuations overly stretched everywhere . Have you dug up some real opportunities . You know, i think we have. Apple, i do think, is overleveraged right now and its not something we would want to add to. Its not something you want to sell, either, necessarily. But i definitely wouldnt be adding it here. But yeah, look at these other opportunities across the board. We were looking at different sectors here that we had that we thought were pretty weak. I look at planes, trains and automobiles, all of those markets got hit terribly during the coronavirus shutdown. Those have come back. Energy, of course, with the big runup in oil today. We got a report from the Energy Information administration that basically came out and said they were stunned. They didnt use that word. But they basically said, you know, we had to reevaluate everything we thought about energy. Were looking at demand, demand is coming back a lot faster than we ever anticipated. We are looking at production and production has fallen a lot faster than people realize. Thats why i think a lot of these energy names that have been beat up are really going to perform well. You look at their price to earnings ratios are at historically low levels. Not all of them. Some of them are in financial trouble. But if you got a good balance sheet, energy is going to be a real Good Opportunity down here. Liz yeah. Lets get back to the basics, folks, and make sure that you look at the pe ratios before you dive right in. Tom, phil, great to see you. Thank you so much. No fencesitters here. I know you guys are invested in what we have to tell you each and every day because, you know, i tell our viewers every time the closing bell ringing in about 50 minutes, these markets will go up and down and all around but the trajectory is often to the upside over the years, right . So as we look at the markets right now, we now want to turn our attention away from them and turn our attention to george floyd, who is mourned in his hometown of houston. That funeral is happening right now. This is a live picture from the scene. Worldwide protests sparked by his murder at the hands of Police Officers have forced businesses to address diversity head on and they should look no further than randall pinkett, a man you are about to meet. Hes been blowing the roof off bias in the world of business for years, but doing more than just finger pointing. Up next, the first africanamerican winner of the apprentice. Yep, that apprentice. We will show corporations how to go from talking the talk on inclusion to walking the walk. Hes next. Liz the New York Stock Exchange holding the longest moment of silence in its entire History Today in honor of george floyd. The nearly nineminute long silent tribute to the africanamerican man who died in Police Custody on may 25th, just the latest example of big business, wall street, no less, shining a light on Racial Injustice and economic inequality. Randal pinkett has been fighting the fight for decades. Hes so much more than the first africanamerican to win the apprentice. Hes a Rhodes Scholar who holds five degrees, author of three books and chairman and ceo of a Company Called vct partners, a Company Everybody from citigroup to microsoft turns to to help close their gaps in workplace inequality. How toss he do it . Lets ask him. Hes here in a fox business exclusive. We welcome vct partners chairman and ceo Randal Pinkett. Great to have you. In the past three weeks and change since george floyd was killed, corporations have rushed to say the right things. You have been working for years to get them to actually do the right thing. I want to just begin by asking you how do you view these past three weeks and a day since george floyd was killed, and what you have seen as far as the reaction on behalf of businesses . Well, liz, first, thank you for having me on the program. Its a pleasure to be on. Ive had mixed emotions over the past few weeks. Ive felt sadness, ive felt anger, ive felt frustration but ive also felt a sense of hope, a sense of hope from what i see in young people organizing and protesting but also to your opening remarks, the growing response from businesses and their stated commitments and stated investments in looking at how to foster systemic change, how to really promote Racial Equity, but having done this work for many years at vct, what weve learned are two things. One is that you cannot begin to build your house on Racial Equity if you have nothing already existing to stand on. So while i appreciate many of the statements and commitments, my deeper question is what have you been doing before george floyd occurred and what happened in minneapolis. Second, perhaps most importantly, even if this is a new commitment or a new direction for your company, this is a marathon, not a sprint. So youve got to be in this for the long haul if you really want to make fundamental and systemic changes to your organization. Liz let me bring up adidas, for example. Adidas, which by the way, suffered looting and had to close many of its stores, came out with a statement. It also retweeted its competitor nikes commercial, saying we are all in this together. The tweet that it had put out, we can put it up here, said basically together is how we move forward and make change. That of course is very well intended but what you get is a headline from the wall street journal that says adidas tweeted and employee says not quite enough. How do you go from the wellintenti wellintentioned move to the actual action so that you dont get that headline okay, its not enough . You have to walk the walk and not just talk the talk. Employees of these corporations know whether or not their organizations have already demonstrated a real commitment to Racial Equity. So they are the ones who are going to be able to speak to whether there is any truth behind the words, whether there is action underlying the statements. It really speaks to do you have a Strategic Plan around diversity, equity, inclusion. Are you making a commitment to training employees around unconscious bias, are you adopting best practices for employee Resource Groups and business Resource Groups, and how are you fostering dialogue within your organization, which we have done, that speaks to what they are feeling, what they are seeing and what they believe needs to be the solutions to solve these problems. Liz im so glad you brought up dialogue. Starbucks had one store a couple years ago that really, really made a mess when they called the police on africanamericans who simply wanted to use the restroom and were sitting there. You know what . Their action i think was definitely something that made a difference. They shut all of their 8,000 stores in the United States so that they could have diversity discussions with all of their employees. You know, just because Companies Make mistakes, would you say that they can still come back and make it that learning moment . Absolutely. The only way were going to make it to the end of this marathon is by acknowledging that were not going to get it right every time. There are going to be mistakes that we make but the question is can we learn. I would also add to that, can we really bring some new innovation to how we approach training, how we approach education, how we approach dialogue. We launched at bct a solution that leverages Virtual Reality to help mitigate unconscious bias. As an innovation, that helps put people in the shoes of someone else that they can see the world through somebody elses eyes. In fact, we call it through my eyes. So its using those kinds of innovations and other approaches that are creative that can force us to have greater empathy for the experiences of people who are not like us. Liz speaking of making it through a marathon, you made it through the marathon of an entire season of the apprentice. Yes, Donald Trumps apprentice. And you won. You were the first africanamerican to win the apprentice. Something happened in the very moment that you were crowned the winner. What did he say to you and how did you absorb that . For those who didnt see my finale of season four of the apprentice in the very final minutes of the show, donald hired me as the apprentice, and then just moments later, asked me if i wanted to share the title, the winnings, with the runnerup, a white female. And quite frankly, it was insulting that he posed the question and many who challenged my decision to not accept this idea of sharing the title said well, why didnt you share it. My better response, i think the better response is why did he ask the question in the first place. There were seven seasons of the apprentice. There were six winners who were white, then there was randal. Thats it. Why is it that donald asked the only africanamerican winner out of seven seasons and no other winner before or after to share the title. I believe we have seen now through his candidacy and presidency why that is, but certainly, as i think back on that experience, it was yet another example and a good friend of mine wrote about this, he said what happened to randal, he writes for black enterprise magazine, he wrote what happened to randal happens to africanamericans every day in corporate america. He just had 14 Million People watching. Liz interesting. I think its so important that you do look at some of the companies that have learned and have done it right. You give a shoutout to Price Waterhouse coopers. They set up a whole website. Its amazing to see some of these other companies that have jumped on board. Then there are huge companies, everybody from comcast to bank of america. Bank of america committing 1 billion. Comcast, 100 million. We want to thank you, randal, for what youre doing and the light youre shining on what Everybody Needs to learn about, so we thank you. Randal pinkett. Great to have you. Thank you. We do have al sharpton speaking at George Floyds funeral right now. He is giving the speech and im quite sure it will be as powerful as the one that he gave a few days ago at the Memorial Service. We do want to let everybody know that after working inside the trump organization, after he won the apprentice what was the number one thing he did learn about donald trump . Tomorrow in the newest edition of my everyone talks to liz podcast, Randal Pinkett reveals it. It drops tomorrow on spotify, apple, google and fox news podcasts. Com. Stay with us. Well be right back. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Thats why usaa is giving Payment Relief options to eligible members so they can pay for things like groceries before they worry about their insurance or credit card bills. Discover all the ways