it is 5:00 a.m 5:00 p.m. at disneyland shanghai. stocks could keep their winning streak going as big technology continues to do their thing. we'll give you one remarkable statistic. businesses pushing ahead with their reopening plans despite a rash of new outbreaking popping up around the world. it is musk versus the golden state. the billionaire threatening to pull tesla out of california the world is watching as shanghai reopens its disney park good news on main street as

more green shoots are being seen in the american economy. we'll he show them to you. it is monday, may 11th and this is "worldwide exchange" right here on cnbc good morning, good afternoon or good evening, welcome from anywhere in the world you're watching i'm brian sullivan thank you for starting your week with us here on cnbc lets get a check on your monday morning futures. dow futures up just about 40 points we are coming back back-to-back solid sessions for stocks, the dow was up 450 points on friday. and it capped off wall street's first winning streak in nearly a month. even thousagh it is early mornig this may be the most eye-opening stat you'll hearle all day with the recent rebound the nasdaq 100 is now only 5% from its all-time high.

one-third of that index is up 25% over the past year think about that, folks. a global pandemic, nearly global lockdowns and the nasdaq 100 just 5% from all-time higher oil reflecting a more optimistic tone lately. around $24 a barrel. down 3% but well off its lows. when i salosalos, i mean negatie pricing. japan finished higher by 1%. hong kong a little better. european is mixed but mostly higher around the world, governments and businesses are trying to look past the pandemic macy's will be reopening in certain parts of the state today.

kentucky and florida implementing new phases of their reopening plans. the world realizing we're not in the woods yet with troubling news out of south korea. let's start with kate rogers at cnbc hq. >> good morning. after largely succeeding in halting an initial spread of the coronavirus, south korea is back on the defensive ordering bars and nightclubs in seoul to close once again after the country reported its biggest one-day increase of infections in more than a month the country's centers for disease control and prevention have 54 cases linked to one single man who last week visited five nightclubs and bars in the city he tested positive, the same day the south korean government rolled out relaxed social distancing measures. larry kudlow says the administration is holding off on formal talks with congress over an additional stimulus package until late may or june speaking with abc's "this week,"

kudlow says the delay will give time to gauge the reopening process and its true economic impact senate democrats and republicans are scheduled to discuss next steps with economic white house ken hassett. the first antigen test for covid-19, the new test believed to be faster, cheaper and easier to manufacturer than most current diagnostics as it relies on decades old technology and could escalate the country's testing capacity for the disease. brian, back over to you. >> kate rogers, we'll see you in a few minutes. stocks are coming off another positive week despite those devastating unemployment numbers we got on friday the nasdaq closing above 9,000 for the first time in two months at we said at the top of the show, the nasdaq 100 on the longest winning streak of the year and just 5% from all-time highs. remarkable stats considering everything that's going on

let's try to dig in and find out why and bring in chief strategist at principle global investors. great to chat with you again remarkable numbers a lot of people question why and they'll say it's all the federal reserve or it's all computer algorithmic trading. is that what it is or the realization that as pad as it is here, the united states mate be better equipped to handle a recovery than certain emerging economies around the world >> hi, brian i think you're right i think there is something with regards to not only the central bank policy but also the fact the u.s. is opening earlier than many people are nticipating. i think we can't underestimate the impact that the fiscal policy and monetary policy has had. i think we still have to treat this with some caution incredible dislocation between markets and the underlying

weakness of the economy is something we need to take real notice of. and i think there's still some vulnerability as we go into the second half of the year. >> if we are powering higher with he can quits because of this reality, what happens if we get a new wave, more outbreaks and economies that had reopened in america, states, cities, start to shut back down again. do you believe the market would respond to that or continue to look further out >> to answer that, and i think this is a key point because it is one of the risks many investors have identified as those that could hit markets in the future and i think all of this depends on what has been driving this recovery it's not only the central bank policy, as we said but it's the idea people will go back to activities as normal business. if you were to have renew the outbreak, such as what we're

seeing in south korea at the moment, if there's renewed lockdown, that almost stops all that return to activity. we expect the market should see shortfalls but the outbreak would have to be so bad that the government would lock down again. and i think there's a big question mark about that. >> i think there's a big question mark about why we have rallied. the nasdaq 100 is just 5% from all-time highs i understand there's optimism about reopening parts of the economy but does that seen surprise you or is it simply that if you're a global investor in england or norway or sri lan lanka, wherever you may be, google is the place to put your money. >> i think you're spot on. dislocation is incredible. if you look down at the sectors and what's been driving this rally, it's very much focused on technology that's where you see incredible

gains driving markets higher and defensive stocks as well to me that's not resounding as signal a confidence in the outlook. going forward, of course, the market rally is going to be very much dependent on how technology continues to perform there's many people who believe it's overvalued, very expensive at this stage. i think there's some truth to that technology is keyed into this secular growth story at the moment where businesses and households are very much dependent on technology, working from home and that virtual side of life. we should expect technology to do well, but maybe not see the kind of magnitude of gains they've been experiencing in the past few weeks >> there is still literally trillions of dollars in cash sitting on the theoretical sidelines. where do you see value around the world? >> from an asset allocation

perspective, we still prefer the u.s. over other parts of the world. we have some key concerns about emerging markets, as you said earlier on in terms of sectors, we still really like mega companies those are the places where the companies are large enough to almost withstand the onslaught of challenges they're experiencing within technology, we like technology because they have strong balance sheets, positive cash flow and a secular story which is unfortunately not present for a number of other sectors such as retail and leisure. i think you still have -- it's about upping quality government help doesn't change a bad credit from being a good credit it doesn't change things around. you still need to know your company. you need to know their balance sheets >> seema shaw, always appreciate your views thank you for coming on. be well. thank you very much. when we come back, call it drive-through nation

how the global lockdown has changed our eating habits maybe for good. plus, the billionaire versus the golden bear. elon musk fighting with california about tesla's future. later, an inside look at shanghai disneyland as it welcomes back customers. but is anybody going we'll show you "worldwide exchange" rolls on after this short break first wod to any adventure. but when allergies and congestion strike, take allegra-d... a non-drowsy antihistamine plus a powerful decongestant. so you can always say "yes" to putting your true colors on display. say "yes" to allegra-d.

not the least of which are our eating habits. going out to a restaurant simply isn't possible for most of us right now but apparently having food delivered may also not be the solution kate rogers back at cnbc hq with more on that story >> stuck at home americans are cooking more than ever 70% of meals are being made in their own kitchens, according to data from alex partners. some are taking to takeout and delivery since the outbreak began, and ordering in pizza and fast food are the top spots. when asked about preferred methods for ordering, takeaway respondents overwhelmingly opted for drive-through, takeout and curbside pickup. third-party delivery ranked last the restaurant industry will be watching this data to see how

consumer data has changed. they are ordering meals to go. what could that mean for breakfast focused brands like wendy's trying this once again, starbucks and mcdonald's in a post-crisis world? for the 35% of respondents who say they'll cook at home more after the crisis, brands will have their work cut out for them to entice them to come back in 59% said reduced prices or offering coupons would have them order out. a lot of brands were reporting strong sales ahead of the outbreak as we've heard from ceos from companies like chipotle, dunkin and mcdonald's, they wonder how quickly things will get back to normal. >> first of all, if i write a memoir about my time here, i'm going to call it dishes and laundry because i feel that's how the majority of my time is

being spent. i posted a twitter question asking the audience, how are things around you? it was amazing people in texas particularly were reporting 25% opening you can open but you can only have 25% of your seating capacity i had people reporting hour-long waits to get in. others, it seemed like the restaurants that are open, as hard as it is, there is a great deal of pent-up demand >> i certainly think that's true i can report in my own neighborhood, i see a lot of third-party delivery people coming through with online app ordering it's all up to the consumer and your level of comfortability with that. and also when things reopen, how comfortable you are get back to normal or new normal starbucks reported 85% of their stores reopened last week. the one near me, there is a socially distanced line outside. i think the pent-up demand is there and it's getting

comfortable -- >> i think it's going to be an al fresco summer outdoor dining loo, at the data risks outside, this is not my opinion. from experts, outdoor risks are less, a little breeze. i think you'll see a lot of restaurants and towns, a local restaurant that maybe sets up a tent in the parking lot. one here in new jersey is talking about doing just that. we'll be outside much of the summer. >> i don't hate it if the weather's good, it's a way to get back to normal and also be safe i think people may be open to it it's up to each individual consumer and we'll have to see what people think. >> well, we need something to look forward to and you brought it to us kate rogers, thank you very much appreciate that. still on deck, you can't eat if you don't have food there's some hope for the farm sector which has been ravaged by nationwide lockdowns what a new white house life line could mean for the industry and the united states food chain

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welcome back a fairly major milestone kicking off in a post-coronavirus visz carmakers from ford and gm, fiat chrysler are resuming some operations today it's not all good news for the sector as elon musk's tesla factory remains closed and musk is taking his fight with california to new heights. phil lebeau joining us on the cnbc news line with both of these good stories good morning >> good morning, brian elon musk is taking california to court because he believes that's the only way at this point he's going to force alameda county, which is where the fremont plant is located, force them to allow him to continue production. this is where tesla says, here we go. alameda county says, no, you're not ready yet. he sued alameda county in federal court. we do not know when that first hearing will be.

he's saying, look, they are preventing me from reopening my plant. preventing tesla from reopening the plant. he had a twitter rant on saturday when i say rant, a full-on rant filled with a series of tweets one he said the unelected, ignorant interim health officer at alameda is acting contrary to the governor, our constitutional freedoms and just plain common sense. alameda's health department says we're working with tesla we're making progress that could eventually lead to a reopening perform that's not good enough for elon musk. he this have laid out plans, including safety protocols they say will make it a faf place to operate and they should be allowed to restart production. at this point, brian, we're waiting to see whether or not it will require a court order in order to say to alameda county, look, they can restart

production i suspect a lot of this will play out, if not today, over the next couple of days. >> is there any indication, phil, that deliveries of tesla cars are being delayed at all? if you put in an order to get one, can you get a model s, model x, model 3 >> it depends on what you're looking for. how you want that particular model to be equipped and what they have in terms of their existing inventory personally, i know two people here in the chicago area who have taken delivery within the last week of model 3s. there are deliveries taking place. now, do they have a slew of these waiting around and if you call up you can get one right away that's hard to tell at this point. clearly f you're elon musk, you want production to begin. >> phil, can we dive in on that? i love the anecdotal stuff as well i have a friend that owns a car dealership around me and i said, it must be tough he said, we're selling a ton

they're offering 84 months, zero percent financing. he said the service bay is slow which is where they make a lot of their money i see a lot of 30-day it tags driving around new jersey. >> overall nationwide they're down 47% in the month of april if you look at the weekly sales, retail sales, we're not talking about dealers buying them from automakers, we're talking about you and i going out to dealerships and saying, sure, i have a new vehicle here. the decline is lower week on week on week if you go from the beginning of april through the end of april it was down, i think, 31% through may 4th. so, it is gradually improving. you hit it right on the head when you said you're seeing some new vehicles out there those 84-month offers, especially when it comes to full-size pickups, have been a huge hit full-size pickup sales in certain parts of the country are going gang busters people are looking at this

saying, why would i buy a used model for $35,000 when the new models with the special incentives will only cost me maybe $50 or $75 more per month? remember, that's really what people base their decision on when it comes to buying a vehicle, what's my monthly payment? >> that's it truly remarkable time. a lot of big stories there i'm sure we'll see you all day here on cnbc thank you very much. still to come, a live look inside disneyland shanghai and the blueprint for reopening may look like. an exclusive look inside the park as lines form outside of it first, always on the hunt for a good deal, amazon is reportedly in talks to purchase theater operator amc after that stock has fallen 35% year-to-date its market cap well below $500 million. when you have amazon apparently knocking on the door to maybe

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you can count on us. the market losing a little seem on this monday morning even as more states and economies reopen and some restaurants have lines and waits to get in. shanghai disneyland officially back in business and it sold out within minutes we'll give you a live look inside.

the trump administration announcing billions more in bailouts the struggling farmers to protect america's food chain it is monday, may 11th this is "worldwide exchange" right here on cnbc welcome back and good monday morning. i'm brian sullivan thank you for starting the week with us here on nbc. we came in here 30 minutes ago the futures were up about 70 points they pulled back a bit mildly in the green to flat. the dow coming back off solid sessions up 450 on friday and actually overall the markets posting their first winning week in nearly a month. there you go there obviously, and even with all the lockdowns, and though it is early morning, this may be the most eye-opening statistic you'll hear all day. the nasdaq 100 is now only 5% from its all time high in fact, one-third of the 100

stocks inside that index are now up more than 25% over the past year you could have just bought 30 random stocks and been up even with this more than 20%. think about that a global pandemic, a nearly nationwide lockdown and the nasdaq 100 is up -- or 5% away from its all-time high a remarkable stat. let's go around the world. asia, a mixed session to start the week the main land china index was lower as well. early trade in europe, we are seeing more green on the screen than red no big gains the majority of the european markets are higher. store parking lots, around me in new jersey, store parking lots were packed this weekend. i asked a bunch of you on twitter, i put it out, i said, folks, what are you seeing economically in your part of the country? your response, thank you, was

strong and clear what you're seeing is that economic activity where it's allowed is picking up. there is data to back up that so-called eyeball test, if you will look at this data from apple in atlanta. this is based on your cell phone usage. you can see a very sharp drop in the beginning of march lockdowns, everybody just clambered at home but you can see there's a slow march back higher now, automobile traffic and walking are both up very significantly since the lows, unfortunately, use the mass transit, still 53% of where it used to be georgia and since it began reopening, the numbers of reinfections apparently are up about 50% as of friday but overall other cities in america are showing similar data trends on people moving about. some hopium, whatever you want to call it, green shoots around the country. we always want to know what

you're thinking, we care in this area, new jersey, new york metropolitan area, it's very unusual for many parts of the country. hit me up on twitter @sullycnbc. a little good news there. speaking of moving around, disney shanghai reopening over the weekend. japan, demand is pretty strong there as well. although you better get ready to have your temperature checked if you want to go inside the park yunis, you made it to shanghai you got out of beijing congratulations. >> thank you very much i felt like i was sprung out of prison but we're really excited had to go through, like you said, temperature check, had to show my government-issued health code, which is common in china, and new park rule, got to wear a mask all of this to spend time in the park along with thousands of other visitors >> reporter: another sign life

is getting back to new yoormal, shelfies in front of the disney castle after being shut for 15 weeks, shanghai became the only theme park open for business definitely not business as usual. the man in charge to keep things healthy, head of operations. >> we always had that space around everybody they can feel comfortable. >> reporter: every line has markers instructing everyone to stay three feet away from. >> as our guests are loading in, you'll see we put an empty seat between each group and an empty row between each row >> reporter: the park visitors get constant reminders to stay away from each other. >> the menu is staying the same but the service style might be different. we're not doing buffet we have a buffet concept but serve the food for you.

>> reporter: hand sanitizers available. theaters stay shut, parades limited, no fireworks to discourage crowds but you could see your favorite characters just don't get that close. mickey and the gang are social distancing just like everybody else no shaking hands or hugging. that has to wait for safer times. brian, when a disney park near you opens up, you could very well see some of these new health practices because he told me he and others within the industry are trying to work out exactly how best to manage this pandemic >> when you're looking and you're there now, does it seem seminormal to you? what was it like getting there i'm always interested in the anecdotal stuff, the flight, the train. tell us what it's like on the ground, as always. >> well, the train ride was a

little scary because, you know, being cooped up in beijing for months and not allowed to go anywhere, there is quite a bit of anxiety on my part as well as my team to get there we of course managed all the risks to be able to travel here to shanghai. once you got to the park, it sounds like a lot of restrictions but because people in china are used to getting temperature checks, showing your health code, your travel itinerary, it wasn't that much to get into the park inside the park there are a lot of people in the park really excited. in terms of managing and social distancing, people are quite used to doing this already there might be more crowding than at other times and then the staff members would come through and say, hey, maybe you need to separate a bit for the most part, people are kind of used to living within a pandemic in some ways and just ready for some fun

>> ready for some fun, i think that's the way to leave it we're all right there. thank you. fascinating look. a man with keen insight into disney and its operations. lee cockrell is former disney world vice president of operations, running florida theme parks and hotels joining us on "worldwide exchange. do you have any guess as to when the u.s. parks might reopen? >> i don't think disney knows yet but they're certainly watching shanghai. i reviewed all the things shanghai was doing on a video they made and it was pretty impressive attention to details and how they were going to enforce it. so, i think probably that hang

high experience could be good for everybody in the world to take a look at because they really put together a good plan because they don't want this to fail this has to go well. i think we'll just see one day at a time how things go in the u.s. with all these stores and restaurants opening here in orlando and around the world measure it one day at a time, i believe. >> you know, i mentioned earlier in the show, i put on twitter asking people, what's economic activity like in your area a lot of people said it was strong but still a lot of people without masks on where it was not required by law. in new jersey to employ into a store, you have to have a mask on i get the feeling people are used to it it feels funny at first and then you forget you have them on. americans like to do what they want to do if disney said, you can come in, you have to wear a mask, have your temperature checked, that americans will listen?

>> i think a lot won't listen. i worry about that i went to the store yesterday and same thing, everybody's supposed to have a mask on here in orlando and several men did not have them on walking around, which was annoying so, you know, i think the enforcement piece will be the name of the game disney will have to figure out how to be nice and be firm because if you don't enforce this thing, a lot of other guests will be skeptical whether they should come or not. the enforcement piece is important. >> listen, i know the finances change all the time and there are things you can do to control costs. restaurant owners say, i can reopen but it doesn't make economic sense for me to be a quarter or even a half full. is there a point at which it does not make for disney to reopen do they have to be 30% full? a half full to just break even

or is there a start of the story is, we need to get people in, even if we're losing money, to show it's okay kind of like what i think the cruise lines are going to do >> we've definitely got to normalize the environment. people have to see people going out. yesterday i picked up food for mother's day and there were a lot of people out and a lot of people going this is like anything. when people start to see people going and getting good reports, more people will go. but you can't just wait. i think if disney is going to open, doesn't matter if it's 5%, 10%, 50% at first and then ease it up because people will get used to that and slowly but surely you'll get the people more concerned may be the last ones in. a lot of people will show up when they open the pent-up demand is amazing.

everyone is anxious to get out and about and go to disney, and especially book a disney crews those are extremely popular. i see that just getting started. just put that first foot out there. >> i've heard -- i've heard, lee, people -- my folks were supposed to go on a cruise for their 50th anniversary didn't happen. they looked to rebook in the fall ships are sold out they're sold out does that surprise you it does not. i've never been on a cruise in my life until disney started having cruises i didn't think i liked cruises until i went on the disney cruise and it was amazing. we really enjoyed it took our grandkids and it was an incredible time. disney does an incredible job. it's different than any other cruise ship. it's amazing >> lee, former disney executive. love the anecdotal stuff

we'll talk to you soon thank you. coming up on "worldwide exchange," just when will millions of lost american jobs come back? we'll give you an update and outlook ahead. as we go to break, an update on the story that captivated the business world last year the nation of turkey, formally charging seven people for their role in former nissan ceo carlos ghosn's wild escape from japan four pilots, two attendants and an airline executive are all accused of helping ghosn flee to lebanon via istanbul we're back with more "worldwide exchange" after this (vo) our communities need help like never before

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welcome back and good monday morning. a new week means new progress in getting america back to some semblance of economic normalcy here's the very latest macy's and apple, among other retailers, will reopen stores in some parts of the country. states including arizona, kentucky, arkansas and florida, and even the famed horse stables at kentucky's churchill downs will reopen. let's get the latest on this progress with kate rogers back at cnbc hq. >> vice president pence is expected to be at the white house today. a spokesman disputing reports over the weekend that pence was self-isolating after one of his staff members tested positive

for coronavirus. dr. fauci and several white house coronavirus members have quarantined themselves over potential exposure to the staffer. treasury secretary mnuchin admitted the unemployment rate may be closer to 25% than the current 14.7%. mnuchin said next year is going to be, quote, a great year the trump administration is reportedly in talks with semiconductor companies with building new factories in this country. administration has held talks with intel in taiwan semiconductor manufacturing. the goal is to reduce the u.s.'s reliance on asia for the chips, brian. back over to you >> thank you for that update. let's get an update on america's food supply. president trump announcing the federal government plans to offer new support to the country's farmers amid the ongoing economic lockdowns announcing the united states will buy $3 billion of dairy,

meat and produce remember farmers have been forced to destroy their own crops, dump milk out and throw out perishable items that cannot be stored for very long as the outbreak disrupts the country's supply chain join us, president of the farm bureau and third generation farmer himself mr. duval, thank you for joining us on cnbc what does this aid mean for america's farmers? >> well, it means a lot to farmers because we were having farmers because of some breakdown in the chain and because of closing food services like cafeterias, schools, other items, as they closed, they had a lot of our farmers lost their markets, so we had to dump milk, plow vegetables under the ground our farmers are now going to be able to see what they have worked so hard to grow end up in the hands of somebody that really needs it through food

banks and other nonprofit organizations. >> what is the status of the supply chain for food? we saw all the terrible videos of farmers dumping out vegetables and dairy where does america's food supply chain stand right now? >> well, it's not a matter we don't have the food. there's plenty of food out there. just like you said, a lot is being destroyed. it's a breakdown in the chain and it's change in the pattern of the way customers have bought or purchased their food. we were used to spending 50% of our food expenditures outside the home now when people are forced to stay in the home or asked to stay in their home, they're cooking at home and buying differently. the way food gets from the farm

to the grocery store or to the food banks or wherever it might be is packaged different and it may be difficult for us to get that food there. but there's plenty of food it's a supply chain issue. and it's an issue caused by the change in buying patterns of the customer >> how is the shutdown of the majority of america's dine-in restaurants affected the farming industry >> well, it has devastated a certain sector of our industry because they're geared up to sell to those industries -- or those food services. when that market goes away, there's nowhere for that food to go it starts -- a lot of that food is perishable. milk and vegetables are perishable if there's not a market, they have to destroy it we reached out to feeding america and asked them to sign a letter with us to send to the secretary earlier on after the c.a.r.e.s. package was passed

and asked them to create a program where we could get food from the farmer to the families across america that desperately need it. the ones that are out of jobs and need food food for their families because instead of -- our farmers don't want to plow food underground they don't want to destroy any of the things they worked hard to produce they want to see somebody consume it this program the secretary is going to be putting out is called families -- farmers to families food box program. and that is a program where private enterprise can get involved and buy from farmers and getting it to the people that need it we congratulate them on doing this program >> much needed aid to a lot of farmers out there and hard working families across the country, particularly in the heartland. we appreciate you coming on cnbc best to you and yours. thank you. keep us updated.

a programming note, cnbc is gathering health care leaders at the center of the fight against covid-19 for an interactive virtual event tomorrow learn more and request an invitation to join at cnbcevents.com/healthyreturns. on deck, the markets' run rolling on amid reopening rally. once we reopen parts of the country but are we not factoring in all the risks we'll talk about that and where we see value right now as a reminder, you can always watch or listen to us live on the cnbc app anywhere where in your home you might be. back with more "worldwide exchange" right after this america's oldest lighthouse has weathered many storms. seeing the break in the clouds before anyone else. together, we'll weather this storm.

welcome back in. good morning an important programming note for you. join tina fey for a virtual benefit program called rise up

new york to support new york city and new york state, of course the state and the city hit hardest by the coronavirus pandemic and economic lockdown that airs tonight at 7:00 p.m. right here on cnbc speaking of money, let's get back to the markets and your money. futures right now may be flat but we're coming off a 450-point gain on friday and the dow's first winning streak in nearly a month. we gave this to you earlier but we'll tell you again this is a pretty remarkable statistic. the nasdaq 100 is now only 5% away from its all-time high. joining us is jason weir from albion financial group jason, i'm not sure even the most cock-eyed optimist out there would have looked at at nationwide lockdown and global

pandemic and said in a month biotechs will be at or only a couple percent away from their all-time highs what do you make of it has the market come too far too fast or is it the right reaction >> good morning, brian i think the way to answer that is you and i and most people look at the economy for, you know, what it is currently that is, it's pretty horrible. look at the economic information, look at the data, sentiment is pretty bad. i think it reflects the information we're all seeing we have a health crisis. we have an economic crisis the stock market as a forward-looking asset class sees the economy for what it could be and what it will be. and what the stock market is seeing is improvement. improvement on the health front, improvement in the battle against covid-19 with regards to the science, improvement with regards to, you know, jobless claims coming down over the last five weeks, which is a leading

indicator and slow reopening of the economy in the month of may. i think that's what the economy is looking at. all the policy support from the fed and congress has certainly helped as a result, good companies in the nasdaq, as you mentioned, technology companies, secular growth, high quality companies have held up fairly well and look pretty good given the back drop you mentioned or despite the back drop, i should say >> it is, but i think we have to look at this globally. i'm like many of the skeptics and thought, this is bizarre then you think about the world and realize, trillions of investment money around the world may be looking at the u.s. and saying, if i have to put my money somewhere, the american economy has the resiliency and, more importantly, the infrastructure, medical or otherwise, to rebound faster, particularly than any emerging companies do

>> absolutely. i think regardless of the crisis, the american economy is still the most dynamic economy in the world and has an opportunity set of companies, you know, amazon, microsoft, apple, some of the best in breed retailers that if you're an investor, whether global or domestic, and looking to put capital to work, do you want to buy a ten-year treasury at 70 basis points, do you want to sit in cash or do you want to own some of these companies that, okay, things may have slowed for some of them during this recession. for others they haven't. amazon's business is doing better microsoft is doing better. despite that, if you're looking out 6, 12 months, even 24 months down the road and you believe this is temporary, do you still want to own these companies that will likely get stronger through this and have good returns on capital for the next five years? i think the answer is yes and investors are looking at that as opposed to what the next three

months hold for the economy. >> i hear you, jason i hear you we're running out of time. but does it worry you at all that it seems so many people are talking about the same stocks, microsoft, amazon, google. goldman sachs put out a note saying, everything is getting a little risky as everything gets concentrated into the same names we've been talking about for ten years. >> yeah, and it's an interesting point you make because then you have to wonder what value does an investor place on these companies that outperformed in ten years of a bull market on the way up and outperformed in the last, you know, couple of months in what was a fast and sharp bear market on the way down you want to talk about quality everyone was streaming that these stocks were overvalued and had run too fast, too far for too long and they were overpriced even in the downturn, they have performed on a relative basis really well. i think on the upswing back up, not only are they good businesses but the stocks have proven to investors they can be

owned through good and bad environments you have to wonder what value is placed on that he with still like them, the about iss and stocks longer term >> jason weir, albion financial. a pleasure we'll see you back here on cnbc. folks, that does it forrous a busy monday. "worldwide exchange," the futures may be flat but the markets have beenrunning we'll see you tomorrow right here on "worldwide exchange. vegeheanpiinupg ckg cora right after this.

the path forward, some states looking to reopen but one major success story from the pandemic suffering a setback. shanghai disneyland reopened with new measures in place that could serve as a model for the future of theme parks

everywhere we'll take you there live. elon musk taking on california, threatening to move tesla's headquarters to another state. we'll see whether he answered andrew's tweet monday, may 11, 2020 and "squawk box" begins right for you. good morning, everybody. welcome to "squawk box" on cnbc. i'm becky quick along with andrew ross sorkin last week was the first time in three weeks all the major leading higher nasdaq back above 9,000. nasd