unusual? >> sure. syf. they're buying the july 22 calls with the stock right around 20 bucks. like that one a lot. >> i have 15 total seconds jenny, quick. >> n avian. >> joe >> nike. >> steve >> xhb >> all right good stuff thank you for watching kelly evans picks up our coverage now. >> thank you, scott. hi, everybody. here's what's ahead. the market is staying the back on the stay-at-home trade. restaurants and big brewers are heading higher plus getting out of the house means getting back to travel and more. we'll go inside with what the "the wall street journal" is calling the careful economy. plus, to infinity and beyond in just a few hours from now, nasa with elon musk will launch two astronaut into space

the meaning of this milestone coming up. we begin with today's markets. bob pisani with a look at that >> we have been choppy today but the basic theme continues and that's broadening out and it is not just fang anymore, folks in fact, down today. it is the small caps are continuing to outperform that's what you want to see. we are taking bank stocks continuing to outperform boy is that something to see breaking out industrials are breaking out, too. caterpillar had a great and ge, the retailers, heavens, kohl's had a good week. that's what i mean of broadening out of the rally where are they getting the money? tech names, mega caps not doing well this week overall netflix, facebook, amazon, apple to the downside. a wag this morning called it zoom fatigue the stocks of zoom and docusign

as market leaders are finally moving to the downside it's terrific news for the overall market. >> bob, we were talking about the floor reopening yesterday. do you know when they'll let cnbc and other media people back in the building? or -- i mean, is there any talk about that >> oh sure oh sure. they don't say it but there's a timetable. they'll see what happens they'll see if trading goes fine make sure there's no reinfection and obviously an issue for that and probably two or three weeks to be discussions with the designated market makers and that have the post we know all about will be pressure on them to say, okay, are you interested in coming back there's legal issues involved. there's medical issues their own people have to be comfortable and bigger companies and issues of comfort level and

legal issues to be worked out. >> better. we miss the posters if you go back it is nice in some ways and bittersweet. >> i keep rotating them. >> i know. i'm sure it's getting old at this point but not for us. thank you so much. the dow and the s&p are both trading higher and at levels not seen since early march today's winners fall in the reopening economy basket retail, travel, big banks up over the last couple of sessions is it a good sign or an irrational exuberance? i'm joined by jim carol and charles dubrinskoi charlie, what are your thoughts? the market staged a nice rebound here some parts of it back to all-time highs africnd surprisi parts. i wonder if that makes it more

difficult for you to pick the right investments now. >> so, we've been investing in small and mid cap value stocks since the firm was founded in 1983 and that part of the market absolutely not come back too far. the russell 2000 value index is still down 24% beginning of today so this trade if you will is all about the fact that we believe we are going to get to the other side of this and when we get to the side of this these names like retailers and madison square garden where people watch sporting events, the stocks will be fine. the earnings will come back but a question of when the stock market sees that and we're delighted on a day like today it seems to be seeing it and long way to go. >> people are going to kind of be reeling when they see two of the picks msg especially controversial in this part of the country and viacomcbs.

what do you make of the rebound in the financials? >> some ridiculously cheap goldman sachs, it's true, people fought to be a partner of goldman sachs for almost 100 years for the right to buy stock at book. and a month ago you could have bought goldman sachs at 70% of book it was just crazy. that book was publicly traded mostly stocks and bonds. today it's still only 85% of book so the stock is very, very cheap. madison square garden entertainment which owns madison square garden trading around net cash they sold the forum. that's about $62 a share the stock one point under net cash the stocks way too cheap. >> jim, not going to put you on the spot on madison square garden or the knicks but bring in rick santelli with i think the results of the 5-year

auction. rick >> i gave the auction a "d" as in dog below average 45 billion, 5-year notes a record amount. the yield at the dutch auction .334, the lowest yield ever at a dutch auction and the reason auction didn't go well right off the bat trading 32 basis points and when issued market so higher yield, lower price on the final numbers and all the internals are weak 2.28 bid to cover. weakest since july of 2019 the indirects of 57.3 below average. directs 10.8 below average dealers take a large 31.8 compared to 10-year auction of 36% and yesterday's 2-year went average. today below average. tomorrow the 7-year and interested to see how the longest maturity will fare but at this point in time with so

much debt we have to monitor the demand especially now that the ecb and the european union is throwing more supply into the marketplace. kelly, back to you. >> i can't remember the last time you gave a "d" to an auction. that's surprising. >> yes, it's been a while. most auctions have been doing quite well as of late. >> all right rick, thank you so much. a perfect way to get back to you, jim, to talk about fixed income yes, treasury yields rising a little bit here. would you read more troubling into the fact there's not much demand for the 5-year treasury note we need to auction off a lot of paper here by the treasury for a few years. >> i think two things going on to focus on. one is thinking of the pandemic, this is a bad story but a bad story right now that's getting less bad that's broadly good for the markets and where you see the widening of the breadth and starting the perform better including credit spreads are coming in. now talk about treasuries.

treasury yields staying low is a good story that has been a really, really good story because that's the monetary policy that's kept interest rates low, refinancing rates low for corporations and roll over the debt access to the actual market. this is a solvency issue helped by keeping interest rates low but here's the problem if interest rates start to rise that's a good story getting less good so just like the pandemic might be a bad story getting less bad and that's bullish interest rates rising would be a good story getting less god and then we have to worry about the positive effect that lower interest rates have had that that might start to fall away. but let's face it. rates are really low i think that's good. i think as long as that's a case and as long as the dollar stays relatively stable it might weaken a little bit i think that that is still a good vote of

confidence for riskier assets to continue to do well and watch those interest rates if they start to rise and if the dollar falls that could unravel a loft good things happening. >> charlie, one final comment, kind of in response to that and what rick said, too, people maybe shying away from the treasury auction at those low yields. >> yeah. everybody's entitled to their opinion. it would be good news if treasury rates went up people are buying treasuries because they're afraid interest rates and treasuries will go up when people are less afraid the average closer to 4% interest rates should -- treasury rates should go up a lot and will be healthy sign about the economy. >> all right charlie, jim, thank you both for sharing your point of view today. appreciate it very much. we have more sign that is the housing market is rebounding mortgage applications just rose

for the sixth straight week. diana olick joins me with more on that. >> reporter: kelly, the housing numbe numbers outdoing themselves. we are 9% higher annually. that is the first able gain since the pandemic hit and it's a stunning 54% recovery just as early april. all according to the mortgage bankers association. the amount of these loan applications has been rising steadily and at the highest level since mid-march and home prices are not coming down buyers have been helped by low mortgage rates and that gives them more purchasing power on top of an unexpectedly strong sales pace just reported for newly built homes in april forecast to fall 22% but instead rose slightly. tomorrow we do get april pending home sales, signed contracts for existing homes this one may still be rough not

for lack of demand but a crisis in supply now at record lows because sellers pulled the listings and potential sellers decided to wait all this out >> that's a pretty dramatic chart on the inventory and rates are higher than they should be the journal had a big splash about this yesterday as well you wonder, you know, i guess it's going to be the battle of the two factors but it seems like there's strong demand for housing right now and been the biggest surprise of 2020 throughout the pandemic. >> reporter: yeah. mortgage rates should come down a little bit as the risk comes out of the market and seeing those spreads strengthen but an agent just came out of this house. she said she is desperate to find houses to sell right now and going back to buyers who pulled the listings in mashrch o ask them to put it back on the market again. >> on our street cash buyers coming out of the city appreciate it. coming up, from the careful

economy to the headaches and costs of testing employees, the new normal how consumers are faring in this environment. from the stay-at-home trade to the get me out trade, a look at the stocks best positioned as people begin to leave their homes. and taking antibodies of survivors and finding the best ones to fight the virus. that's what a pharmaceutical company is doing the ceo has a live look at the technology and the timeline. stay with us (music) ever since we've gone mobile on the now platform, something's gotten into the office. i hear you. feels like there's no barriers between departments now. servicenow. the smarter way to workflow.

welcome back take a look at this image of two nasa astronauts, the two who are about to board the spacex rocket in florida there they are as they continue to make the way in preparation for the event. the launch time expected 4:33 eastern time and just a few hours away and 50/50 with weather conditions but the nasa head tweeted that it does look like the event is moving forward. crowds were discouraged from gathering. nasa has a live stream that they're launching to watch it and then following this for you all afternoon here and one of the reporters on site and hearing from morgan brennan in a moment on the significance of the launch and could be the first time private company launches

they have experience going into space. we'll continue to keep you posted let's talk about the consumer confidence numbers also incredible in may. they rose as the economy started to reopen but as more people return to work and some companies test employees for covid-19 could we find ourselves in the stages of the careful economy? what would that mean i'm joined by steve oddland. it is nice to see you again. i want to talk about what companies will experience. i read the other day that these coronavirus tests cost $100 a pop. and i just don't understand. if you have to test people daily or weekly or with any regularity, how are you going to do that? >> yeah. it's a really good question. at first glance it makes sense oh sure. have the employers do it but companies are not medical providers and then there are lots of hippa regulations around

confidentiality and so far and how do you get a safe harbor there? do you test weekly, every day, every hour at 100 bucks a pop across thousands of employees, wow, that really adds up and then you test them and then you send them into the workforce and then there's a three to four-day lag time and they run around and infected everybody and now is the company liable for this? this is what needs to happen in the next package here from congress they need to define what the safe harbor operating principles are. we need a rapid test if you do a swab and then know that's different than letting people into the workforce so we need protocols for this stuff and most importantly legal guidance because if you don't have that this is just a nightmare waiting to happen. >> senate leader mcconnell said that a wave of litigation related to coronavirus could be

a second pandemic for the economy. is that a top priority some say, look, the leadership focused on the wrong things and need to focus on getting money to the states for relief, focus on maybe more money for businesses directly but do you think that that regulatory shield, the liability shield sort to speak, how important is that for businesses to get back to work? >> i just don't know how you can open the doors and leave yourself wide open to the trial attorneys sitting there waiting. this is the biggest bonanza they have ever seen because whoever gets sick, you know, you oar going to get accused of being liable if you have opened the doors and think about the number of retailers and outlets at which you would have to do testing. how can the companies take on a medical testing and all of the system and the liability if we want consumer confidence to really return, if we want jobs to return, we have to

provide a safe har bo in this for companies to operate and then for the workers and consumers to be confident to go out and not get sick. >> talk about the confidence both in the reading of last month, the expectations index which we talked about yesterday where he said you have a good signal of a broader economic recovery and caught people by surprise that the confidence is coming back a little bit more strongly than expected >> it really caught me by surprise the consumer confidence index wept up a point, i would have expected it to go down even after the steep declines in march and april but, you know, usually the consumer confidence is driven by people's jobs, you know, what they're experiencing in the jobs. this is a collaboration of many different components the difference this time is that

consumers expect improved business conditions over next six months, not necessarily financial conditions for thechls. that's really, really unusual so the big thing here is they think to get back to business, that will -- so it's giving them hope to get back into their jobs and so forth but i'll tell you what. when you get underneath the number and lock at what the expectations are for consumer spending, and you go through autos, furniture, you go through household goods and so forth, it's abysmal i'm worried about the holiday season we rely on the holiday season and if we don't get this really stabilize before november you're going to really seriously hurt the holiday season and then forget any chance of a "v. it is more of a nike swoosh than a "v" kind of recovery. >> i didn't know that they were so cautious about the big spending plans understandable but not the sign

that maybe they think that the clouds part in the coming months interesting. steve, thank you very much good to speak with you >> thank you. coming up, finding the right fine of antibodies to fight coronavirus. the ceo of bio tech firm joins me next to talk about that and the partnership with eli lilly and the new round of funding. disney world revealing the plans to reopen. we have a look at how and when they plan to keep people safe. you can watch or listen to us live on the go on the cnbc app. "the exchange" is back in a couple this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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welcome back now to the very latest in the coronavirus pandemic over to sue herera for our headlines. s sue? >> new york governor cuomo meeting with president trump at the white house. the meeting closed to reporters but yesterday cuomo said he would discuss the reopening plans and that state's economy

one idea involves creating jobs through infrastructure projects many of which require federal support. major league baseball is proposing a tiered pay system for the shortened season rnd the plan the league's highest paid players to lose a bulk of their anticipated salaries for 2020. mlb says the proposal is consistent with the economic realities facing baseball. you can read more on that at cnbc.com. nevada's governor says that the casinos can reopen june 4th after being closed for ten weeks. the gaming facilities are luring customers back to the strip with incentives like free parking and no resort fees i'll be back in an hour. >> you can pack a lot in there, sue. that is -- >> a lot going on. >> exactly sue, see you then. >> you got it. the race to develop coronavirus treatments continues with and body drugs getting a lot of attention these days.

meg tirrell joins me with more >> scott gottlieb expects they could be a tool in the toolbox against covid-19 with a resurgence in the fall now, it basically involves the antibodies created by the immune systems when we encounter pathogens and the companies isolating the antibodies of people that recovered from covid-19 and at least three of these companies say they plan to be in human trials this summer regeneron have a strategy of mice to create the drugs and vir with a partner said that this summer we also know that amgen is in the race among others. the news today from ab cellera to have raised from investors.

joining us now is the ceo of abcellera to tell us more about their approach dr. carl hanson, thank you for being with us. i wonder if you could just explain what these drugs are, how you develop them and discover them from people who recovered from this disease. >> thanks, meg great to be on the show today. so we have developed a technology that allows us to scan, decode and analyze natural immune systems a human has billion different immune cells each with a different antibody and we have a search engine to go through the massive diversity and find those moll rules that are advanced to a clinic. >> i understand that you had access to one of the first north american patients with covid-19 and you said in a release that you had gotten access to that sample february 25th and now you spelled oberto spelled out a timelean for human

testing. that's fast. telling us how that's possible. >> it's been a remarkable few months normally a project like this would take anywhere from two and a half years to five years easily with covid-19 no one has the time for that. we received the first sample at the end of february. we started a program on march 1st and over three days to screen over 5.5 million immune cells from the patient and resulted in the isolation of many lead candidates antibodies. we partnered with eli lilly and together with them and the innovation and we are on the track to meet the goal of the first antibody therapeutic in the clinic originally in july and hopeful to hit that if not beat that deadline. >> i know that regeneron's approach is a cocktail of antibodies so more than one in the same drug. how are you and lily approaching this >> well, i think we are going to

let the data lead here so we have to get antibodies into the clinic and see how it works. there are good motivations for a cocktail a big one is that if the virus were to mutate it is harder to get away from a cocktail with antibodies right now our number one priority is to get a safe, effective and developable, manufacturable drug, to the clinic as quickly as possible. if we can do that with a single antibody that's ultra potent that's the best and means to help more patients. >> and what is the pathway look like from getting into human trials to getting a drug that could treat covid-19 or even prevent it as this approach might be able to do? how long would that take do you think? >> normally, again, that process takes several years so we are in unchartered territory. there's tremendous effort to figure out what is the fastest

path to get a therapy to patients and then through development steps. the first application is likely to be for patients that are very sick and then other groups of patients, patients earlier in the disease or perhaps prophylaxis and i think it's too early to speculate when those will read out and have the results because we'll be led by the science on this. >> >> absolutely it is very early days but one thing we have been trying to glean from the leaders of companies working in this space is approach to profiting from the medicines or vaccines developed in this pandemic you do have investors and announced some more today. what is your approach to if you are successful pricing this drug and potentially profiting during the pandemic >> a great question. i think it's natural given the attention that's on covid-19 right now to bring these two events today

the financing and the reality is we have been working on this financing since last fall and the syndicate investors and plans would put in long before covid-19 was on the table. with respect to pricing, we are a drug discovery company we work on the front end and on the preclinical development. we have partnered with lilly i believe it's a case that li 4rly and other groups are doing it primarily to bring it to the world that we need right now and i don't believe there's a strong profit motive in this for eli lilly or others in this space. >> all right dr. hansen, we look forward to hearing more about your progress as this continues. >> thank you so much, meg. pleasure. >> back over to you. >> absolutely, carl. thank you for joining us meg, thank you for bringing that to us. coming up, from boating to golfing to hiking, and even fishing, people pick up the more

solitary activities emerging from the homes these days. we'll look at which stocks best -- are best positioned she said to been fit moving on. the paycheck protection program under criticism, as the house votes how to fix it, what that means. tractor supply, up more than 6% on an outlook of 20% to 25% growth in sa sremeto sales up 47% since the lockdown began in march. we're back in a couple

welcome back to "the exchange." dow's up 200

s&p holding on to a began and the nasdaq negative by half a percent and rotation under way but one of the industries that's posting big gains lately is digital payments dom chu has more for us. >> just one of the industries in technology bah that sector is an outperforming the s&p on the way down to the covid-19 pandemic lows on the market and outperforming since then but you mention the payments companies four of these companies within the s&p 500 technology sector are actually far outperforming the bigger bounce in the sector itself and many provide payment services, peer to peer services, payments processing, you getz the idea paypal shares that have fallen from record highs we have seen in the last week or so up 79% since the march low. global payments with payment services to companies and 69% above and then mastercard and visa, two associated with

payment processing up 45% and 52%. a red hot part of the market amid the covid-19 bounce back is these industries and ones to watch going forward. >> thank you. and some good news for disney fans. there's an opening date for parks here in the u.s. julia boorstin is here with the details of the reopening plan. julia? >> reporter: that's right. disney is starting the phased reopening of the orlando park july 11th. the magic kingdom and animal kingdom and then others on july 15th the ceo telling me that the park will operate at limited capacity and didn't say how limited to enable six feet social distancing guidelines and will operate profitably. >> we believe that we'll be at least able to cover our costs of opening up our parks but at the

same time work then incrementally as we become better at putting more folks inside the park or the guidelines loosen up a little bit so we'll slowly but surely make baseball steps to the number of guests to accommodate in our parks. >> and chapek said demand is strong with quote tremendous number of reservations on the book and demand at disney springs adjacent to disney world has been quote very encouraging. chapek also said that he would be very excited to have both the nba and major league soccer play the rest of their seasons at disney world which they're in discussions about right now. kelly? >> how would that work can't do it all at once or maybe they can maybe there's room for everybody. >> i think the idea is -- this is still very much in discussions, not finalized yet, to bring the teams together and that the teams and the

production, the people involved in production would be basically isolated there together. you would be able to control who goes in and out and covid tests as people enter the bubble and no fans in the stands but to get some live sports back on tv again and there's demand for right now. >> very interesting. thank you for bringing us the details on the reopening of disney parks here in the u.s. a shot of the two nasa astronauts arriving at the launch pad at the kennedy space center this launch is expected at about 4:33 p.m. eastern time there we go. there they are dressed up in the white arriving in white teslas specifically made for this event, of course we will have more on what's gone on in the arrival here with morgan brennan in a moment but they're making the way over to the launch pad now for this 4:30 p.m. eastern time, first manned

commercial launch so a historic moment on the way potentially. coming up, this chart, up 3% today and nearly 27% over a past month and an analyst says it's a buy. we'll reveal that name later on. but first, there's a house vote for the fixes to the highly criceditiz paycheck pay program and what congress will change, next

welcome back with a news flash on w ynn will have, the shares up as they announce june 4th as a reopening date wynn las vegas announcing june 4th. both towers and casinos and all

restaurants open on that day the stocks rallying hard in anticipation of the announcements. about a 2% lift on the confirmation on the plans today. a busy week for congress with the house voting today with fixes to the paycheck protection program. tensions escalate over hong kong and the coronavirus pandemic with me for more is jared seeberg and libby cantrell great to see you both. libby, let me start with you on changes you expect them to make to ppp. >> they're making some changes on issues that they have gotten a lot of feedback from the treasury department has claimed that they cannot make the changes unilaterally, they need congress to make the changes

this bill will address two important things one is the period that will allow the forgiveness of the loans which is right now in the law eight weeks, extended to 24 weeks and then importantly it would also provide some clarity that in order to get loan forgiveness proceeds don't necessarily need to go just -- 75% to pay for payroll an important sticking point, businesses struggled with the potential issue and two very welcomed changes and i think people say too little too late but important to do it nevertheless. >> what's it tell you that the funds available have not been taken up now since they reupped the ppp program? >> well sure so imagine you're a small business owner and you hear about this great deal and you can get this cash and then every day there's a new rule, a new restriction on how you can spend it i think there's just a lot of

fear out there that the moneys aren't going to be forgiven and that if you bring back these employees before you have customers and then you can't get the loan forgiven that you have driven yourself straight into bankruptcy and looking at the legislation this is really about providing that clarity, not just for those who have taken out loans but so that new applicants will show up and spend $100 billion sitting there. >> you said these changes restore the program closer to what congress intended when it was originally passed but still $100 billion left. so do you think those funds now will be more eagerly tapped? does that tell us if they change the period of using the funds to help small businesses help the recovery >> i think this is an enormously important first step but it's not going to fix the problem at the end of the day you have

some companies that are already in week six or seven of the eight weeks where they felt they had to spend the money they're probably going to need an additional amount of financing to pay the rent, to keep the lights on until social distancing is eased enough for cust mores to come back but i mean this is still a big step. you know and this should get that other 100 billion out the door pretty quick. >> interesting libby, on the issue of china, this is now coming up next just today secretary pompeo basically changed the status of hong kong to say it's not autonomous from china. how does that play into what congress has to do now especially with the vote to grant special status comes up i think any day now? >> yeah. that's right we think that this is taking a step back to tensions around chien are really underappreciated risk by the market and some ways a perfect storm. this is just an issue that president trump obviously has

spent much of his administration focusing on. it polls particularly well it also polls well in terms of americans thinking that the chinese in some ways were responsible for the dissemination of the virus and then, of course, now you have the sovereignty of hong kong at question and then, also, you add to that, of course, the sort of lack of mo honoring of phase one trade deal by the chinese for all kind of reasons and perfect storm of issues around china here and relates to congress moving forward with a bill that would allow for the president to set sanctions on folks that found to be oppressing uighur groups and delisting companies that don't adhere to rules, directed at chinese companies so in some way this is's sort of more symbolic

than substantive but the poirpt here is that it's a lot of risk of escalation with china and from a markets perspective also a risk that the president walks away from the phase one trade deal and i don't think the market is focused on but remains a risk that's probably an increasing risk even since the last month. >> jared, we remember how the market reacted in the last round of talks and deals and tariffs and not happy. if hong kong is base chris about to become just another city what does that imply for the future of global financial services do these companies just flee hong kong or do they deal with it >> it's a big problem. right? because if you look at the legislation that the senate passed last week by unanimous

consent, the chinese government won't allow the public company accounting oversight board to review their audit china's unlikely to change that policy and so, we're actually pushing companies out of the united states exchanges and to hong kong at the very time that hong kong is increasingly in more and more chaos overall i think this is a destabilizing situation. at a time when covid-19 is already creating enough global financial headaches and so, you know, coming to fights that are worth having over whether chinese companies disclose the financials that probably is a good fight to have this just may not be the time to have it. >> well, no time like the present. sort to speak. we'll see, though. there's so many moving pieces of this and the campaign trail on top of everything else so jared, libby, thanks for at least helping us to get perspective on

what could come from washington. appreciate it very much. coming up, we are a few hours away from the first manned commercial space flight. you are looking at live pictures of the astronauts who ahave arrived at the launch pad and going to the capsule we are checking in for the latest on this right after the short break. stay right here. ces. 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.

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thrusters? >> yes. >> there's no fuel in the car. >> no, we're going to use ultra high pressure compressed air. the main thruster will be like behind the license plate. >> right. >> so for acceleration it drops the license plate and just -- and behind the license plate is a rocket thruster. it's like full-on james bond. [ laughter ] >> that's elon musk on tonight's episode of jalen know's garay l. speaking of rocket thrusters, spacex is preparing to launch the first man to space spacecraft ever. morgan joins us now with more. we saw them making their way into the rocket, into the capsule and out of those white teslas. so cool. a lot of stuff going on. >> it is so cool. and right now as it stands, there's some inclement weather so right now call about 50% go. but nasa is moving and preparing as if this launch is going to happen at 4:33 p.m. eastern.

president trump is en route as we speak as well down to kennedy space center. billions of dollars, years of planning for this historic moment as these nasa astronauts, bob behnken and doug hurley if all goes according to plan to lit off from the space station in spacex's crew dragon capsule. it's going to mark the first time u.s. has gone in a decade. we've shown you some video, they're making their way on to that dragon capsule as we speak. it sits atop a falcon9 rocket. they're about 20 stories up right now to run tests in a highly automated cockpit that's been described as a flying iphone. clad and those sparcex suits, they're riding in what else?

color coordinated tesla x with the nasa logo on the side of the car. spacex is handling mission control rather than nasa. the company is also going to attempt to reland the rocket's first stage booster post launch. heaven for bid the mission is aboarded in flight. the air force is on stand we with a crew and army of vehicles and different types of hardware to help bring those astronauts home safely. if all goes according to plan, behnken and hurl little be docking for a stay and ushering in a new era of space flight that's public/private partnership and what bridenstine believes will lead to the generalization of space. >> i thought they were coming back in a couple of days but it sounds like it's going to be a longer visit and it means we don't have to turn to the

russians to get to the space station. we'll see if this launch goes off this afternoon. morgan, we'll see you again. i don't hate space today. i love it. i love it. i can't get enough of it. morgan, thank you. we'll see you later. that's our morgan brennan. still ahead, you know the stay at home stock netflix, just to name a few, they say we should bet on the parks and rec trade. then on power lunn wch stoc lunch with stocks rallying again, what cowan thinks about the recovery. don't miss it. we're back in two.

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after months of sheltering in place, stir crazy folks are looking for safe ways to get out

of the house. some people are heading to the golf course while others are going to the beach for socially distancing activities. my next guest as more people issue traditional entertainment like movie theaters, certain stocks are positioned for our post pandemic reality. here to talk about that is robbie olms. it's good to have you. bottom line, one of the picks here is yeti for the coolers, right? >> that is right. you know, coolers, you find them in parks, boats, beaches. you also find their drink wear all over those places as well. so, you know, solitary leisure is one of the things we're seeing in the data trends. and yeti is a really great fit within those trends. >> one of your other main picks here is dick's sporting goods. i am curious, they've had to deal with not selling firearms, which people also, i think it's been one of the biggest sellers the last couple of months. so how much of a tailwind do you think dick's has and how much of

a headwind is it if they don't sell some of the products, anyway, people are looking for >> they definitely have some headwinds like firearms. but one of the surprises is that, you though, when we looked at the bac credit card and debit card data, you saw this big jump heading into may in things like golf and marine-related spending. and dick's sporting goods, you know, is one of the largest golf retailers in the u.s they sell fishing equipment. they're big in home fitness, and they're big in bicycles. those are all categories we highlighted in the note that you saw this big kind of acceleration in spending, you know, heading into may here that if that continues that could help offset some of those headwinds for dick's sporting goods. >> these are the two names you highlighted. we spoke with the ceo of winnebago and he says they do a lot of boating are there any other companies or investment ideas that you would encourage people to think about? >> i mean, anything that's

exposed to outdoor lifestyle activity, you know, again, we call it solitary leisure, for lack of a better word. but if you look at the categories that have upticked, they're accessible and they involve, you know roar so, sort built-in social distancing. we'll see if the trend continues, but it's a strong trend so far. >> i'm thinking about people getting out to mow their lawns. are evaluations a concern for you with any of these names? they have rebounded nice. >> i they have rebounded nicely and the best answer i can give to that is. it salesman to these, you know, solitary leisure categories offsets some of those headwinds that you brought up, you could see earnings upside relative to where the consensus is. that would also result in the stocks going higher and then you could get multiple expansion. it market decided some of these solitary leisure activities like bicycling were just going to be

a short-term trend. >> exactly, i know. we're going to the bike store in town as soon as it happeopens. nothing fancy. by the time we do they'll probably be sold out. robby, thanks so much. dick's and yet tirt two big beneficiaries. thanks for joining me today. >> yes. that does it for the exchange, i'll catch you on the flip side with "power lunch." tyler. >> thank you very much. we will see you over here, though not literally in the kitchen. i'm tyler imagine thmathson. stocks are holding on to gains after yesterday's big rally. dow support 250 points, but the nasdaq off by a third of a percent. and all of this is playing out, financials leading the market while technology takes a term as the worst performer for a change. and we're awaiting details from de