kitchen. stocks at session highs up about 900 points on the dow. optimism about the reopening of the economy, obviously feeding that rally comments from fed chair jerome powell last night on a rare interview on "60 minutes" giving investors more confidence. then there's the merderna news another boost for the bulls a and that stock is up 25% oil higher too who can forget the expiration a month ago. crude back above $32 a barrel. remember when it was trading at -- you had to pay them to take it away we're halfway through the second quarter with today's big rally. the s&p is down 8% for the queequeeyear

that's unbelievable. bob has more on what's driving the action bob. >> thank you we're seeing some rotation today. it's about time and that's a really good sign for the market. we'll see if that holds. these things come and day. the banks have been drooping a bit. nn energy, first rally really in a month. tech is sort of inline today that's interesting i want to show you something health care is lagging nap was the leadership group this the the rotation i'm talking about. how about tech tech is up it's an interesting form of tech it's old school tech hewlett-packard is up nice today. xerox is rallying. corning is rallying. that's old school stuff. hoe about the megacap stocks the big five names they're up i want to point out, they were

very late to the party today those stocks were all flat at the open a lot of people are offsides today. look at the estimates out there. there's been some conneequity ad mutual funds that tells you a lot of people are not very optimistic. 2939 that was the old high at tend of april and we sort of poked above that it's not a 52-week high but it's nice to beat the old prior high. we're back to where we were in the middle of march. that's a break out back to you. >> thank you

jerome powell, while he sounded the alarm, reshiassured the investors there's more in the tool kit >> the fed chair was sounding a bit more upbeat in a speech he gave on wednesday when he talked to "60 minutes." he's very concerned out there but has an upbeat outlook when it comes to the second half of a recovery >> in the long run and even in the medium run, you woupldn't want to bet against the american economy. it may take a while. it may take a period of time it could stretch through the end of next year we really don't know >> can there be a recovery without a reasonably effective vaccine? >> assuming there's not a second wave of the coronavirus, i think you'll see the economy recover steadily through the second half of this year

>> he did say he did not want the economy to go through that again. there is more the federal reserve can do >> there's really no limit to what we can do with the lending programs that we have. >> also wants congress to get serious about doing more concern that business and individuals who have liquidity problems, now, those become solvency problems. >> that probably is primary concern. steve, thanks very much. tyler. one of our next guests is echoing some of chair powell's remarks. he said we're in the midst of the steepers economic decline in history.

is the market getting too far ahead of itself or did powell flash the green light, maybe to buy. welcome to both of you let me start with you. how do you take chair powell's remarks and apply them in your -- to your investing thesis >> thanks for having me. i think he was fairly balanced there. i think he was trying to underscore, it's a long road ahead but nevertheless, don't give up hope the irony will be this will be both the sharpest as well as shortest recession i think in our nation's history the markets are forward looking. it's not completely a surprise i think some of the gains have here become harder but nevertheless, i think the direction is positive and not unexpected >> do you agree with what joe said that the gains from here

may be harder? i do note we're up almost 4% today from the dow we have come a long way in may the markets are moving ahead, it seems to me, on momentum as opposed to any clarity on what earnings might well be >> yes we have not had clarity for a long time. we seem to be getting more and more used to not having that clarity. the market has been moving on momentum around progress in three areas. the first is drugs whether it's inoculations or treatment. are we seeing less cases third, is easing of economic and mobility restrictions and we're seeing that a lot today too. you're seeing shorts covering

and price momentum following progress on two three of those things it makes sense that we have this going on but i don't think it's sustainable. i think you've had 11 growth stocks that have taken all of the markets up again, they're not trading on the fundamentals they are trading on very, very different metrics. there's still so much unsurety around them. the one thing we haven't talked about with regard to the virus, for example, is i saw a study this weekend that said because of the short term nature of the virus and the testing that about 35% of the population has said they will not try this inoculation. think of what that does if you have this sort of free rider dilemma going through the markets and public health. >> we're at session highs right now, ali you say you favor credit over equity here. quick answer why and what kind of credits

>> equity is pricing in the best case scenario. it's not something i can get behind credit is pricing in somewhere between sorts of a dosecond wav, maybe we haven't hit a low and the base case scenario is we keep on slowly going up from here sovereign bonds issued in u.s. dollars. that's a really interesting thing with oil improving >> joe, i'm going to turn to you. i know this may not be your sweet spot as the economist at vanguard i've heard a lot of people come on our air in recent weeks and

say this is the time when you need to have a stock picker. that's what you need to do you need to pick individual shares because they're going to be winners and there's going to be losers. vanguard's bread and butter is the index fund tell me why an index fund makes sense right now as opposed o maybe have a stock picker do it for you. >> thanks. i wouldn't force the pick one over the other i think there's a lot of talent and skill out there in the world. they just have to charge low costs for it if you believe in any recovery you want to have your money invested in markets despite the ups and downs. secondly, there are skilled managers out there i'm not a big fan or the research supports that managers quite frankly do better in some markets than in others

i think you need to stick with managers even a period of underperformance because they are out performance tend to be lumpy. that's the bigger lesson is thinking about active managers there are low costs that have conviction and stick with them >> we will leave it there. thank you very much for your time today treasury yields are surging higher with the rest of the market let's get to rick for the bond report >> indeed, two day of tens you could clearly see the long maturitie maturities, all maturities are moving higher. part of that is the good news today. maybe we're closer to antivirals or vaccine or there's a grouping there that one or two or more

will be promising and rates are moving together. if you look at a mid-april chart should we close here best close since about the 14th of april what about boon yields boon yields today move up to the highest level in three weeks italian adviser to move to the lowest level in about five weeks. when you look at the pairing of them you can see the spread is narrowing a bit which points to a couple of things if you're selling boons to buy the italian tens, one of the few reasons i can think of that would make sense is there's shared bond that is out there. solid but in range coming back down today tyler, back to you >> rick, thank you very much coming up, all 11 sectors in the s&p 500 are higher today with energy. yes, energy paving the way

that sector up 6%. a top analyst will tell us what to buy, what to avoid in that beaten down sector as the group slowly but surely climbs back up carson block of mud dy waters will be along.

all right,sir. welcome back oil hits its highest level in a month sor so as the june future contract gets ready to roll over that will happen tomorrow. what difference a month makes? let's bring in brian sullivan. >> i think you and i might be the only guys not driving. you look at the mobility data and it's starting to spike back up maybe not as much as in new jersey you're seeing a lot of data. this time last month when that

may contract was rolling over, all kinds of things happen people would have to take physical delivery have to realize they probably didn't have anywhere to put the oil if they had to. if they did find a place, it was going to cost them a lot more money than simply paying somebody else to take the contract away. that's why prices went negative. we don't have that now by no means is the storage situation in cushioning oklahoma where the contract is based, good it's guys a lot better than it was. the storage tank full thesis, that's been removed, for now the risk of negative pricing as we roll into that new july contract tomorrow, that's not going to happen. they spread that risk around 31 bucks wti. think about this it's may 18th.

we've had $130 round trip for the price of oil already this year started at 60. negative 40. back to 30 i don't know about you but i need the next seven months off >> brian, let me ask you a quick follow up. i was reading an article this morning that said the sweet spot in the petroleum and related products complex is gasoline agree, disagree? >> we'll call it the light sweet spot if you're talk about oil, you have to use the lyingo there was article in the journal of -- forgive me of not remembering where hedge funds are getting deeper into this side of the market add well. what we haven't seen come back is jet fuel. jet fuel is larger part of the market.

>> they're out a lot more. great to see you t see you soon all this week we'll have top analysts lay out their playbooks. today, we're look at energy. what's ahead for the sector as crude's june contract is set to expire tomorrow. it's great to have you back. i was thinking we had this negative 37 and as you said it's possible we would have gone even more negative but the fact we're back in the positive 30s, does it tell you the worst is over. the demand is starting to come back hopefully that may-june contract roll over experience is ancient history. >> yeah, i think so. it would be today we would have

the maximum pressure which would be a day before final settlement which is what happened last month. we thought the industry walked off a cliff. we could see it comes. it was fairly straightforward. it's pretty much addition and sub strax. we were surprised by happenings but not sfriez we did go negative now we avoided that and things are improving. >> where would you put your money to work? >> it's interesting. anywhere you can get a general gener story, we see a lot of

positivity the other one is natch rl gurals if you're cutting u.s. and oil gas production, the associated gas you had with oil production which was a byproduct will be greatly reduced. people even though in the case of refining and natural gas it's not a natural seasonal time to buy those stocks given the market there's a lot of positivity towards those two trades we have been on those. >> some individual names be and what would you say the people who would think about buying energy as kind of the etf? >> i think the hardest thing is the markets highly indebted companies. we think with quality. the refiners now, the phillips petroleums and valeros really

have outstanding management. we think they make a lot of money as we see preprices under pressure you have the good management and the good business models all these guys have very good management >> finally, anywhere else in the energy space you would look. we spoke a while ago when i ask asked, what about the exxon and chevrons the biggest of the big >> chevron out performed exxon for ten years now. they have been a forced to

address that you could begin to think about exxon as a play here but chemicals do remain under considerable pressure. that's a problem for exxon in combination with its very high exposure to asia gdp we're still pro-chevron. >> chesting. maybe thinking about whether that's coming to an end. >> especially with exxon with the handle it's not the trade that it was >> right, absolutely paul, appreciate all your thoughts thanks for joining us today. tyler. all right. still ahead. moderna, sorrento and novavax. surging on solution to treatments and testing we'll tell you how traders are playing. take a look at shares of the

gsx tech edu it's a chinese online education platform that short seller carson block is calling a frauds saying nearly 80% of its users are bots he'll join utoissshas dcu tt and more after this break. g less than world-class service will do. that's why we're expanding your range of choices. many dealers now offer optional pick-up & delivery and at-home maintenance, as well as online shopping with home delivery and special finance arrangements. so, whether you visit your local dealer or prefer the comfort of home you can count on the very highest level of service. get 0% apr financing up to 36 months on most models, and 90-day first-payment deferral on any model. you have the support of a, probiotic and the gastroenterologists who developed it. align helps to soothe your occasional digestive upsets twenty-four seven. so where you go, the pro goes. go with align. the pros in digestive health. and if stress worsens your digestive issues,

try new align digestive de-stress. it combines align's probiotic with ashwagandha to help soothe occasional digestive upsets, plus stress that can make them worse. and try align gummies with probiotics to help support digestive health.

welcome back, everybody. let's go fo sue for the very latest on the coronavirus. >> thank you, ty good afternoon here is what we know at this hour michigan's governor says that stor stores in parts of northern michigan can reopen on friday. bars and restaurants will have to limit capacity to 50% the move comes as protests against her stay at home order continue and some state

legislatures have sued to end those restrictions vaccinations for young children are down this year as parents are less likely to make routine doctors visits due to the pandemic the cdc waerns a measles outbrek could result you can do to the cdc for details. here is an attempt to make masks that you can wear during your male. it was developed in israel the wearer schedulers leveller to open a slot in middle of the mask the company that invented the mask says it plans to start production within masks. we'll keep track of that one back to you. >> it's ingenious but it looks a little -- well, i don't know prepostero preposterous >> this is what the new normal will look like i don't know >> let's look a t it again there. it looks like a sock dc a monkey sock puppet.

>> it sienkind of does >> if it catches on. >> i saw a woman was all masked up and she took it up and started smoking a cigarette. >> oh, gosh. >> thanks. in the race to combat the coronavirus, a number of biotech stocks are surging in hopes for a vavaccine, the etf attracts t group well up 12% this year alone who owns these stocks? dom knows. >> if you look at not just the billion billi billi bio teches, you can see on a year today basis has doubled in value. far out performing health care and the s&p 500. who is benefitting it depends on how small or large these companies are in the covid

stocks run the gammet. take a look at four of these their names are in the headlines now. inovio has about 24% of its shares owned by investment manage who are have bought the stocks for their clients or mutual fund companies who own it on behalf of their shareholders. more established, larger cap companies like quest diagnostics and johnson and johnson, a pharma giant are 80% and 59% owned by those mutual fund add visors it depend ons ts on the sizes ad where those are. i'll send things back over to you. thank you very much. let's go to seema mody for trading nations. >> health care is lagging today but there are some stand outs in the testing and treatment space on the promise of a covid-19

vaccine. let's bring in the trading nation team. some edge couraging early results from moderna does that bode well for other names trying to find a vaccine for covid-19 >> absolutely. we owned johnson and johnson which declared there vaccine news the initial news on february 12th found the lead candidate for the vaccine on march 30th. we like that company before covid but it is certainly well positioned along with amgen the that are using existing drugs that would get a new indication under trial right now for covid treatment. valuation led us to this group politics, were not in favor of this group last year i think that's gone away as we all strive to find a vaccine >> nancy laid out key names to watch. what's your top pick

>> we remain bullish on the billibio tech industry broadly. to pick one of the larger names from the industry that's working across capitalization, avi is a stand out. we think that long term reversal is resuming higher now that market conditions are firming. >> thanks for breaking down your bio tech trade kelly, back to you thanks very much still ahead, short seller carson block making a new bet against major chinese tech company, calling it a fraud and saying its users are fake he joins us next retail earnings are on deck as stores work to open around the country. some big names are being pushed

to bankruptcy. we'll be right back. 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, you'll 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.

it's the most reliable wireless network. and it could save you hundreds. xfinity mobile. welcome back i've said this is a few times already but it continues we're at session highs again the dow up more than 900 points. the s&p about 2.5% for the nasdaq the russell 2000s, is that a five or a six? i've got my glasses been but i'm consistenting. a 5.6 gain the oil market is also closing up for the day

this one has been strongly to the up side as well. frank is at the commodity desk with more. >> signs of optimism in the oil market today prices of wti popped 12% earlier. wti closing 8% higher. brent crude closing more than 7% higher on the day. analysts created a combination of low r production and an up tick in demand as the world begins to slowly reopen and coronavirus stay at home orders ease up. prices are still well below january's high above $60 a barrel futures tie to wti krucrude contracts are said to expire tomorrow this is a sharp contrast to last month. tyler, back over to you. thank you very much. on a day the markets overall are roaring ahead, our next guest is out with a new short call on the stock of gsx techedu

it offers online classes and its shares are taking a hit today. there you see it down about 7%. carson block says it's all almost total fraud with 70 for of its users being fake, maybe bots carson joins us now to explain he's the ceo at muddy waters capital. it's nice to have you with us. >> thanks for having me. >> you've made a name shorting individual chinese companies over the years this is your latest one. tell us what it does and why and how you came to the conclusion, in your words, that it's a fraud. >> sure, it claims to be an online education company core business providing k through 12 education but it doesn't really actually educate that many people

we used the company's own data which is available to you if you pay for classes and go into google chrome developer tools. you can get a downloadable zip file that shows for each class that you registered for shows all of the users, their ids, ip addresses and their log in, log out records. when we analyzed that, we found that three very high bot behaviors among these users and a fourth we thinks makes many of the users very likely bots our sample was about 54,000 users and from that, we saw that 72, 73% were highly confident are bots

another 7 in change percent very likely bots. we were favorable in the way we looked at some of this that wouldn't surprise me if in reality fake users are more like 90%. fake revenue should be 80 to 90 plus percent of what they report the company barely exists, yet, it's managed to cheat its way to an 8 plus billion dollar market cap here in the u.s. >> a part from the idea it was easy for you to find out who the users were, what their ip addresses were and come to the conclusion they were bots, that's a serious security lapse. what you're allege sg the company was simply and fraudulently inflating the

number of users, hence, the amount of revenue it has think luck and coffee where they add sort of similar revenue inflation. is the analogy not far off there? >> yeah, i mean, it's very similar in they're just faking customers and faking transactions in some ways it's harder to catch online frauds than it is to catch the offline frauds. here was the situation in which the chairman is not, to my understanding, a very technical person, and, so, he wants to commit fraud and people who put the something together -- they just leave this data pretty much in plain sight, if you know how to look for such data. that's probably not something

that the chairman really anticipated. if he had it to do all over again, i'm sure he would design the system differently yeah, this is not a unique problem. we got into this business ten years ago with that he has empty bot frauds from china that were similarly 90 plus percent fake in the revenue the thing that's interesting to compare then to now is we made huge headlines when we exposed sino which had a market cap of 5 billion at that time this is much larger market cap percentage wise it's give or take >> wow carson p, it's kelly i guess my point is to the point you were making, is the problem of fraudulent reporting in china growing and if so, what are you as investors need to do about

it i don't know where we are in the latest legislation there's been a lot of back and forth. these stock listings become a political tool what would your advise for investors or the stock exchanges be based on what you observe from what's really happening with a lot of these companies? >> sure. advice for each group would be a little different stock exchange, please stop selling out the american public. please close down your beijing officers and stop begging for these crap quality listings. in terms of investors and policy makers, there's something that happens this year that has not really been reported to me, it's quite significant. there's a new revised company law that went into effect. previously, china had

governmental agencies has no jurisdiction over a chinese company that was defrauding investors in u.s. or europe. that makes sense the victims are over here. the new law expressly provides that the china security's regulatory commission has jurisdiction but the new law also prohibits, expressly prohibits any prc based issuer from cooperating with a foreign regulatory authority that's carrying out investigation what had been previously an unwritten rule about how china was going to help companies stone wall the sec or the doj is now codified in law. that's an outrage. i don't think it would be difficult for us to change listings standards to prohibit listings of companies to

countries that expressly prohibit their companies from cooperating with our regulators. it's stunning we let this go so far and, yeah, there's a whole auditor issue. requiring china to allow pcaob inspection is a really low bar that's not going to stop fraud among these companies. i don't know that it would really do that much. the fact that china has always bought that tooth and nail is really telling >> thank you interesting. we appreciate your time. we should mention we did reach out to gsx techedu and we did not get a response >> there's been so much news

going on let's get back to the markets that are rallying in parts on homes of a new treatment or vaccine for coronavirus. some potentially big news for moderna. the dow is up 940 points we're pretty much sitting here at session highs disney is one of the dow leaders. they're all soorg on this optimism we'll have much more on these afr iscoming up right teth quick break. business as usual.ys, it's ant that's why working together is more important than ever. at&t is committed to keeping you connected. so you can keep your patients cared for. your customers served. your students inspired. and your employees closer than ever. our network is resilient. our people are strong. our job is to keep your business connected . it's what we've always done. it's what we'll always do.

we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half.

just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. stocks and companies in need of treatment or vaccine before they can get back normal are soaring today. let's go to julia for a market flash on some of those stocks. hi, julia.

>> that's right, tyler live nation shares are up about 15% on optimism that vaccine will make people return to concerts the company just furloughed 20% of its employees disney shares up about 7% ahead of its wednesday re-opening of disney strinprings which is in orlando and movie stocks which is up 11%. amc up about 3%. tyler, really you see the rebound on that opt michl aboim the vaccine. >> you would think the places dependent, i was talking to my wife about all the concert venues that are just aching to be able to get back into business we'll see what happens let's talk about nascar. they resumed yesterday in darlington

i think it was kevin harvick who won. how did the ratings stack up >> well, tyler, 6.3 million viewers tuned in to that first race nascar's first race on fox that was 38% more viewers than the last nascar race in march. it was the most watched competitive sports event since the daytona 500 in february. tyler, this really speaks to that huge demand right now for live sports. >> all i know is they can do it without having to send the broadcasters on location all these basketball games, they could have a side line reporter. does the whole staff need to travel these are my thoughts. we got to go >> just the question of fans whether or not there will be

fans governor cuomo said he wants to help major leagues start doing their sporting events would you tell us fans in the stands >> i caught that we'll see. thanks very much coronavirus outbreaks at meat processing plants have lead to closures and fears of food shortages. we'll get the story from one plant where 80 workers got sick and what's being done to keep people safe. stay with us i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555.

welcome back, everybody. of all the critical industries that are still operate lg at this time, food is probably one of if not the most important, but workers at meat packing plants as you know have gotten

sick and that's led to shortages and higher prices at the worst possible time. elan >> it's known in the industry as the saturday kill. an extra day of production to keep up with soaring demand. a jbs plant in pennsylvania add led this shift in march as the coronavirus was taking hold. consumers were stockpiling prices were climbing but at this factory, workers were getting sick according to the union, 80 employees contracted the coronavirus and three of them died one was enock benjamin his family is now suing jbs and the complaint say that is quote, jbs demonstrated a knowing willingness to sacrifice the health of mr. benjamin and others for its own corporate greed and his death is hitting home with his coworkers, includinging many who were immigrants like himself.

jbs did not comment, but plant did close in late march. meanwhile, beef prices kept rising but the spread between live and wholesale beef has jumped more than 700% since march. now the plant did reopen last month and analysts say that the new safety measures that were put in place could slow production lines and impact simply, but the good news is that no workers have gotten is sick since then. >> absolutely. and they hope to keep on going thanks very much tyler. >> well it is a big week for retail earnings as you may well know and while we may see strong results from some sociessential stores that stayed home like walmart, home depot, the picture very different for stores b that have been closed now for many

weeks. courtney reagan is looking at that angle for us. >> hi, tyler so there's going to be a lot of nuances in these numbers you've essential retailers like walmart, target, home depot, lowe's but lower sales of hig r er margin more discretionary categories like apparel will compress profitability further, essential retailers had higher costs for employee pay and cleaning in april, target said comp sales up 7%. online ales doubled. no store sales down slightly and they warned about those margins ch costco gave us clues about what it's been p seeing for april. talked about more consolidated trips and lower traffic in stores as consumers had to comply with local regulations and shelter in place then koehl's, urban outfitters and those that had e commerce operating, some curb side. so you'll look past those dismal

results. you'll want to hear more about what the company has to say about how the consumers are responding to gradual reopenings they're still picking off price players like ross and tjx the consumers do indeed continue to trade down and they could be inventory beneficiaries, but remember, off price e commerce is is small and tjx turned it off during the pandemic. back to you. >> wow appreciate it. thanks very much let's talk more on what to expect from some of the big retailers this week and the path forward for some smaller ones. steve joins us now, the former ceo of saks. i've been here for two hours and barely talked ab about jc penney it's interesting that icon of american retail can be filing for bankruptcy and yet it doesn't seem to be making a huge impact do you think more could be coming >> i think you'll see a number of bankruptcy from specialty retailers. you've seen niemann's.

you'll see jc penney a lot more are comeing down the path the real issue is in restructuring, you're xwoipg to close store, fix the balance sheet, get rid of debt but the real issue is whether or not you have a long-term franchise is the consumer there for a jc penney is the niemann marcus business model sustainable? the reality is that retail is very tough right now for the discretionary items. until consumers feel safe, financially secure, it's going to be hard for them to be in halls and anything that's mall based in an interior setting is going to be difficult. what we're looking at is going to be the off price retailers, outside malls, that's where and b obviously the need based retailers like the home depot, lowe's and targets are going to do well. >> the home depot lines have been quite length ay and targeti

doing a good business. i guess my question to you about retail over the next six months to maybe a year is should u investors now be thinking about the catch up trade in other words, over the next few months once i can go back in the mall for example, there's the unicorn dress i've wanted for a couple of months now, but this is not the time to be worrying about it but the moment i have that time, i'm going to be back there trying to get a couple of other colors should people be focused on a catch up trade in discretionary retail or stick with the win e s winners? you think it's going to be home depot and target an the same names we're still talking about in six, nine, 12 months time >> winners are going to continue to win tougher ones are going to have a harder time but they'll be select specialty apparel, there will be specific brands that are going to come back and do well but the trends we've seen locker term, value, the nonedition creche nair items like walmarts,

target, that have played very well they're going to kopt to win it's going to be hard and individual stock picking if you want to get the ones that are going to buck the trends >> give us some examples of bucking the trend. >> well, you know i think that the reality of, i don't, let me think. i really don't know. tjxs are going to continue to win. if you're thinkinging many terms of a special maybe j. crew i don't know i think niemann marcus is going to be a tough one. not sure you can pick the individual ones. i happen to like kohl's in terms because they're off the mall they have a good value based offering they've been battered. that's a company that should and can be. >> reporter: innovative. so that's an example of one if you're really going to gamble. >> and finally, any thoughts on the amazon kind of behemoth as much as i understand amazon is winning share right now, my personal experience has been frustrating with it and is why i'm doing the weekly trip to target for example could there be some surprising

head winds maybe as the rest of retail catches up with the way that consumers want to shop these days >> i wouldn't bet against amazon i think they really offer a terrific offering their marketplace is superior. their features and functional l functionalalty are terrific. they're getting into the higher end fashion. trying to play with the designers. very hard to bet against amazon. >> that much we know, too. what do you think, $2 trillion company? >> could be on its way >> yeah, exactly jeff bezos, the first tril nair, that was the talking point last week steve, thanks very much. appreciate your thoughts he mepgsed kohl's and coming up tomorrow on "power lunch", we'll speak with michelle gass, the ceo of kohl's. >> so when you go and make your weekly trip to target or any stores like that, do you order ahead of time? >> no. it's contingent so i go to

target because you should see the boxes of diapers and formula and food packages. okay and i'm trying to find a new sippy cup. i need to look around a little bit. >> you need to browse. and what i find in stores like that is you always come out with a lot more than you thought you were going in to get we'll see you tomorrow thanks for watching our breaking news coverage which continues now into the final hour of this very powerful rally day. up 90 point 0 points on the dow. >> thank you welcome to the closing bell. i'm wilfred frost along with sara eisen s&p jumping more than 3% let's have a look at what's driving the action hope on the vaccine front. we're not out of ammunition by a long hot those the words of fed chair powell as he says there's a lot more fed can do to help th