believe in the cyclical acceleration and recovery trade and more money to be made from that. >> shannon >> chubb, insurance is a great way to play financials. >> and doc >> amyris. it's breaking out. >> see you tonight at 5:00 "the exchange" with kelly evans starts now. thanks, melissa. see you soon hi, everybody. today it is crisis in america with protests rocking the nation from coast to coast just as cities were starting to reopen we look at the economic impact and corporate america's response as ceos line up to call for change markets try iing to climb the wall of worry. where investors should focus attention. eli lilly starts to test a groundbreaking covid treatment and america marks a historic day in space dom chu has the numbers.

>> it is incrementally to the upside for right now it is not a massive gain but the dow industrials up about one quarter of 1%. the s&p about a third of 1% and the nasdaq up a little over half of 1%. green across the screen. take a look at the theme to see develop in the course of the year so far. severe underperformance at one point of the emerging markets and starting to exacerbate a little bit more here against the s&p 500. we can see the u.s. is still and remains a safe haven trade for equities in the world and then check out this, this is the reinflation trade. the reopening trade. travel ones, southwest air up 6% even general motors when it comes to auto spending up 5% right now and see if these particular themes for the reopening of the economy stick around for the longer term back over to you. >> thank you very much. we begin a new week coming

to grips with violence across the nation what began over the death of george floyd by a minneapolis police officer have turned into a firestorm over long simmering issues of racism and inequality. while politicians point fingers, a number of top business leaders looking for solutions. here's what jon bryant of operation hope had to say. >> nobody changes in good times. why would you? these are some bad, changing time and time for change. >> talk about solutions and the path forward for the crisis in america. joining me now is don peebles, chairman of the peebles corporations good to see you but under difficult circumstances. as you listen to what everybody has said, where do you fall in terms of what you think the path forward here is? >> i think the number one path forward, when you think about black lives matter mean is life

in general and african-americans are frustrated and have been for quite sometime about the lack of economic opportunity if you take a look at statistics, for example, that the average black household net worth in the quite is $17,000 compared to $171,000 for whites, or an extreme example is boston, massachusetts, where the average black household net worth is $8 come parred to the average household net worth of whites of almost $250,000 so it's an economic challenge and the solution ultimately will run through providing fair and equal access to economic opportunity. >> what does that economic opportunity look like for you? i know so many people talking to ken frazier of merck speaking this morning saying the only way he made it out of inner city philadelphia i believe it was because he went to a better school 90 minutes away

what does that opportunity and access look like for you in terms of helping people to a better path? >> i think long term and generationally, of course, the pathway to opportunity in this country is generally run through access to fair education and good quality public education and african-americans are disproportionatally affected by poor educational systems access to capital. just to give you an alarming statistic. there's about $73 trillion in the united states invested with asset managers, less than 1% of them are minorities and women so the deployment of capital from investors into businesses start-up businesses and the like, does not go to african-americans and most african-americans want a better life in fact, all african-americans want a better life and they know

that through economic opportunity and so access to capital to start the dream of a small business, to build a business of scale has got to start with allocation of capital and the only private sector ferm i can think of is jpmorgan chase, jamie dimon dead on this effort to advance black pathways and opportunity access for african-americans and just created and hired a new head of global diversity, a young man of brian lamb and he's serious about that i think the private sector hads to step up and acknowledge systemic discarmelo anthony nation in this country with deployment of capital and access to economic opportunity and no one's going to be able to start a business without fair okay sestito capitse access to capital and that's where the solution is and that's a tangible and immediate step if

businesses and the government and unions, for example, could take those affirmative steps you look at new york city. the health care workers union, 1199, which is comprised primarily of minorities have almost 200 asset management firms and there's not one of them that's an african-american owned firm that's just a travesty and an unacceptable one and that's why you see this frustration, that's built up over time. >> i'm sure you would say it's not just the dollars to existing ones but created the asset managers or the capital across different industries and i think that's why it's not an either/or but a both/and and bottom up and the school system and exposing people to these kinds of of paths earlier making them peel like they're tangible. a friend works with a summer program to help kids from inner city manhattan with scholarship programs and things that

guarantees them entrance of college for first generation people who have never had a family or a dream of going to college before so is it bottoms up is it top down like you say and making sure that the capital allocation process is fair i'm sure you would say a little bit of both. what else would you like to see in terms of corporate leaders, maybe plit rolitical leaders people have to make sure that they give a certain amount of funds to the demographic. >> i think first of all opportunity starts at home we as african-american entrepreneurs need to invest in our communities and invest in our people we need to lead by example and engage our communities our company has been doing that for three decades. we have a philosophy of affirmative development where every project we develop the economic been fits ought to be reflective of the demographics of the population and the governments to do better, the

pension systems around the united states are very powerful and they invest trillions of dollars in to asset management firms and private equity and yet they have no mandate, no goals, no objectives for economic inclusion for african americans. we have got to do much better in public education and there are places that have done better, success academy in new york, a charter school network done transformative work. significant work in terms of diversifying the investment bank employees and kkr is more reflective of the demographics of this country. we have to say that a system if we look at the top, for example, the forbes 400, richest 400 people in this country, if it's a fair system, 12% should be african-american not less than 1% that is the actual fact of today. i think, also, that we have to

look at employing people in positions of opportunity and investing in our talent to give young african-americans opportunities to develop a skill set and advance their careers and also we have to knock down this unfair double standard that african-american entrepreneurs, professionals and african-american business leaders have to bat 1,000 and be perfect opposed to counterparts to bat .250, .200 and be hall of famers and this double standard and a low expectation that our country has for most of us that creates an environment where it's only the outliers that actually can achieve in that and we cannot have a system saying success based upon an outlying event. it has to be a successful outcome based on effort and talent and as we all know talent

is distributed equally, it is the economic opportunity that's distributed very discriminatorily. >> final question, i'll give you another baseball analogy where do you think we are in terms of innings with what started over the weekend with these protests >> oh, i think that the -- we are probably in the second to third inning think about it as a pressure cooker over the years, events of police brutality, indicative of the systemic oppression of african-americans, every now and then the protests happen and the pressure comes out combined with the pandemic and the disproportionate economic impact this has had on communities of color and especially black people with the economic disparity, i think people have enough and i think young white america, this new generation, they see an unfair system, too, and they see what's happening to black people and see what's happening to them so i think we're early in this.

this is not a political issue only and by the way i'm disappointed that i have not seen the national political leadership of african-americans step up and lead on this issue they have been missing in action and it's been a big disappointment to me but this is an issue that the business community has to step up otherwise our model of capitalism will not survive. this is an unfair system and it will not survive and so we as business leaders, black, white and everything in between, we have to work together to create a much more fairer system that people can actually believe that they stand a chance in right now people on r on the street because they feel hopeless and frustrated and so we as entrepreneurs need to lead and business leaders need to say this is a place of great opportunity and welcoming you into the environment of opportunity and until that happens we are going to struggle and this is a long game. >> very well said. don, thank you so much

we appreciate your time today. >> thank you very much for having me. >> don peebles state budgets are already stretched to the limit by the pandemic and now having to tackle the trauma of the riots and unrest ylan >> judging by the conversation between president trump and the nation's governors earlier today, the path to compromise seems very narrow. the president appears to be placing the blame for the unrest on local leaders and that suggests that the cost of responding to the protests to fall on their shoulders, as well states are already facing a $765 billion budget shortfall over the next 3 years due to the coronavirus. senate majority leader mcconnell conceded that another round of aid of state and local governments needed before the protests and expected that those negotiations would start toward the back half of this month.

the questions around how much money and what strings might be attached and now the politics of republicans and bailing out blue states and democratic cities are much more fraught than before. kelly, i'll also point out that in louisville, kentucky, the mayor there is looking for a $1.5 million program to try to connect with disengaged youth. it is hard for the city to do that when it's drowning in red ink. >> yeah. absolutely true. we'll see what happens thank you very much. meantime, dozens of companies weighed in on the protests and many getting pushback for not doing enough. plus the markets are coming off a strong month with the s&p having the best may since 2009 what will june hold as the wall of worry grows we're back that have quick break. you doing okay?

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united states. really describing it as a mirror of the chaotic values of the u.s. and that washington is perfectly okay getting tough on its own protesters but then highly critical of china when beijing decides to crack down on protesters in hong kong. so today within of the most mocked and popular phrases on state media as well as social media is beautiful sight and this is after the global times editor had rhetorically asked house speaker nancy pelosi whether or not she would use that phrase to describe the u.s. protests in the similar manner she did about the ones in hong kong also, officially the foreign ministry spokesperson when challenged by the state department on twitter about beijing's new national security laws for hong kong just posted

one line, i can't breathe. so from the chinese perspective, these new national security laws are essential, kelly, for beijing to be able to have an economic stability in hong kong. >> eunice, is there evidence that the chinese would directly try to stir the pot? i know that came up over the weekend regards to the russians and goes back to the behavior in the 2016 election but any evidence or sense that that would be a priority or something the chinese would want to do >> caller: there isn't any evidence of but some chatter about it on social media that maybe the hong kong protesters and the u.s. protesters are in some way learning from each other or colluding with each other but nothing substantive of china trying to foment unrest in the u.s. >> thank you, eunice. the markets are adding civil

unrest to the wall of worry including a showdown with china and the coronavirus pandemic are investors walking into a trap two guests are joining me. it's great to have you both here neil, i know you have been upbeat on the markets and you said we'll come out of this and we have. what happens now >> well, kelly, i think you have to just step back for a second and look at the first five months of this year. we started with the impeachment and then the trade wars with china and then we had iran, korea and then australian fires and then the coronavirus and then dow drops 38% in a heart beat oil goes below zero and then canceled every event out there now we got from really low unemployment to 40 million people out of a job and then the

riots. so we can look forward to the november elections but when you put all this together, business has done very, very well and they have continued to do well because they were set up better this time than they were in 2008 and '09 and that recession was caused by corporate and individual greed this time it was caused by something unforeseen, not a pun there but a virus and that's cooped up everybody and made people feel very, very tight no matter where you live in america in my opinion. >> yeah, no, for sure. chris, what would you add to that i want to go through some places where you think there's good opportunity right now. chris, one that comes up for you is alibaba which is tied up in the back and forth between the u.s. and chinese relationships so on this kind of wall of worry would you put the civil unrest on there >> it depends on time horizon

and i always say as investors we need to be unemotional, we need to focus on the long term. as humans and citizens we need to be compassion nate and engaged. when you ask how we look at the world today, as investors we look beyond what we're seeing now and recognize enormous strength in the core in china and in the u.s. and i think that over the long arc we'll look back in 2020, it will be one of those years where we look back to the terrible things to go through in the last 50 years and all on that stock and stock prices marching up to the right. >> why do you think that is? we are showing your picks. why is that that stock prices keep marching higher >> the old saying is investing is the art of the specific so i think it's dangerous to generalize

there are public and private businesses in deep trouble now and won't come through this, certainly without financing, whether that comes from the government or is punitive or whether they get a good deal we think that's a whole area of the market to avoid. high fix costs, plummeting revenue. there's a lot of tumult there but in terms of the specifics, the financial sector is preparing for this for ten years. delevered. credit liquidity the regulatory environment strong position to go into this. i think banks unlike being the villain in the last crisis they wear a white hat and help people through it and i think we are starting to see that and why the financials are acting better. >> neil, i remember last time you said you like lpl financial for a boom and would need advice for people and now saying look at when i wiirlpool and toll br

and that's within of the strongest parts of the recovery. >> i started to look at the real world and if you look at boetd sales, rv sales, these are not inexpensive toys out the showroom door, same time people spend money, want to continue to people can afford to buy a house but at the same time they can afford now to upgrade their appliances that's why like whirlpool -- easy for me to say today -- and toll brothers but then there's other companies out there that people don't know about which is say crown holdings they make aluminum cans but cans that actually promote your business we have all seen it on what i call the ipas or whatever the craft beer is but they're all specially packaged so you create a brand over a can and you talk about a company that's going to learn $4 to $5 a share and doesn't pay a dividend

yet so there's plenty of opportunity to continue to march higher in different companies. that doesn't necessarily mean the whole market's going to go crazy to 200,000 but the difference is companies will do good over time if they're well managed. >> investing is the art of the specific neil, if there's not a beer can with your face on it for christmas this year i'll be disappointed. >> i can only hope. >> thank you for joining me. why nike's saying don't do it could be a lesson for other companies on communication in a crisis. plus eli lilly starting human study of a potential virus treatment. we have the details with the shares fractionally higher today. you can watch or listen to us live on the go on the cnbc app. "the exchange" is back in a couple

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about half a percent to almost 1% across the board. over the weekend as the unrest reached a climax, futures were lower but by last night, the curfews, you saw futures turn green and what we have throughout the session today the dow up 108 and the outperformer is nasdaq in terms of sectors, within in the red today, health care it's down by just under 1% today. the outperformers, financials, khris davis just talking about, real estate and up 2%. here's the movers at this hour zoom is hitting an all-time high and reports tomorrow and shares up nearly 14%. the classic quintessential stay-at-home stock this year the shares trading over $200 nearly 14% gain. the company announcing a new encryption plan for security issues and see the excitement there. beyond meat is also in the green inking a deal with yum china

big distribution channel for the faux meat brand. and finally, pfizer. this one is going the other way. it is on pace for its biggest percentage drop in 11 years after halting study of a potential cancer treatment and let's get to sue herera for a news up date sue? >> thank you very much here's what's happening at this hour in atlanta, dozens of protesters are back in front of city hall demanding justice for george floyd. other peaceful protests have resumed in minneapolis where a funer funeral memorial for floyd is schedulerd for thursday. joe biden holding a roundtable with the mayors of cities including atlanta, chicago and los angeles. he spoke to community leaders at a predominantly african-american church in his hometown of wilmington, delaware. first time since march spain has reported a day without

deaths from the coronavirus. spain's one-day peak was 950 deaths in early april. the country's official death toll now stands at more than 27,000 the health minister said that is very good news, no deaths this time around. good news to pass along. >> surprising. thank you very much. still ahead, it appears that it's more finger pointing and less uniting amidst the turmoil. what kind of leadership is needed to get the country moving forward? plus history was made this weekend when nasa and spacex launched two astronaut to space from american soil for the first time in almost a decade and for the first time ever in a commercial spacecraft. tesla shares rally as elon musk's reputation grows. we'll have more in a couple.

business leaders across industries are joining cnbc to discuss the protests and to call for change in this country listen >> when there's unrest, people put out statements, they putt out platitudes saying this is terrible, ought to build a just society. i think business has to go beyond what is required here before the pandemic there was something like 12 million unfilled jobs in this country. and there are 5 million inner city and other african-american kids who want access to the economy. they want to be participants, citizens, consumers. what they lack is the education, the training and there are opportunities for programs like this. >> i love the saying math has no

opinion. none just count and when you count and you see in at the highest levels of corporate america all the way down the chain the difference is in the numbers and how people of color, black and brown americans, underrepresented minorities do not show up in the numbers we exist in this country. s that the not acceptable. >> how many jobs are there sitting in the inner cities in america? who could add to the gdp not asking for charity, a handout, i'm saying that we need a necessary investment in the revitalization and reset of a new america, the redawning of new gdp. so could is the reset of a new america begin in washington? i'm joined by joe watkins, republican strategist and former aide to george h.w. bush and pastor and author of "the new pc, practical consideration. welcome. >> thank you, kelly. >> i'll begin with the way we pose the question because we

haven't dug into the politics of this yet but obviously in terms of pragmatically for the markets they wonder what this unrest means for president trump's re-election. what would you say about that? >> it may have an impact there are so many other challenges that the country faces not least of which is the rate of unemployment and caused be i the pandemic. there will be other issues to impact voters at the polls as they prepare to consider who they want to vote for in november but with regards to this issue, i suppose that it can be said that if we do nothing it will cost us more money than to -- than if we don't. we need to respond something needs to be done about these unfortunate police actions that have resulted in the death of black people around the country. and while some people might say it is a shame and certainly it's good to protest and we have the

right to have our voices heard, that is all true and people ought to be heard and this is a time to talk about coming together and make change positively as a country. but at the end of the day real leadership i think from the standpoint of the elected officials like those in congress seen whether or not they put forward any kind of a legislative remedy and they can. they can do that i haven't heard much from congress about that, about how we fix this problem. how we fix this challenge and i think that it -- cato institute did a wonderful piece saying reform requires national policing standards and i think they're right. if you have minimum standards with the use to excessive force you can avoid these incidents where people lose their lives because of the lack of any kind of a policing standard >> so maybe i guess to phrase it back to how this plays out

because this does coincide with an election cycle is that an issue that perspective president biden could take you think and have a lot of success with is that an issue that someone in congress looking to flip control or is in a tight race to become a champion of what cause like that do you think it becomes one of these issues that we hear and propels people to the polls months from now? >> well, this is one of the times when, kelly, doing the right thing could also be doing the politically expedient thing because clearly this is something this needs to be addressed right now. it is not enough to be angry and much more important to address it and fix the problem and for any member of congress, for any candidate running for political office on any level but certainly the national level this is a wise thing to discuss and to propose and to move forward. and it's not outside of the bounds of what congress can do

they can hold committees on legislative reform, national standards for policing that would involve the community and likewise members of the police force to figure out the ways that we can avoid these kinds of sad confrontations with even sadder results. >> joe, finally, i'm curious how your thinking evolved on this issue over the years from a historical sense, meaning i'm curious, what were the kind of discussions you would have had in the h.w. bush white house versus when's playing out almost 30 years later is it better in some ways? worse than you thought i'm curious if you could talk about what's going through your mind seeing these protests. >> our challenges with race didn't just happen yesterday they've been around for a long time and so i'm not surprised that we're still challenged by this many people suppose that with

the election of president obama that we'd be in a post-racial society and that's not happened. we know that our country still has tremendous challenges when it comes to race and then we haven't yet gotten to the point to see human beings as human beings without looking at the color of their skin or ethnicity or their gender so we have challenges going forward this is a great conversation to have and my book i talk about that, the need to discuss this and to have a national conversation to move us forward. it is not necessarily solved overnight but i know certainly i'm talking about it for a long time and saying at the end of the day it has to do with loving your neighbor as yourself and if you care about your neighbor as yourself then you take time to understand your neighbor and the outcome would be different if more of us did that but i'm not surprised. it is going to take time and we

need the conversation. >> are you more or less hopeful of the future of race relations in this country? maybe more so because it's bringing the issue to such a head or maybe less so with the deep tensions this is revealing? >> i'm more hopeful. i'm hopeful because of the fact that so many people, black and white, outraged by what happened and including police, other police members of the forces in other cities that were outraged by what happened to george floyd and they showed that, they demonstrated that by joining with the protesters. that shows that we're moving forward in this country, the fact so many americans black and white were outraged and moved to write about it and move to make their voices heard about it shows we're making progress as a country. we're headed in the right direction and we're now at least at a point to begin to listen to each other i think that ultimately is a good thing. >> joe watkins, thank you for

joining us today we appreciate it. >> thank you. we have got a news alert on uber deirdre bosa has the details >> kelly, ride sharing and food delivery companies seeing the operations disruptded amid the protests uber says that it's suspended operations in minneapolis, san francisco, oakland and downtown los angeles to comply with city curfews. the company said some cities want to ensure that uber is available for essential services lyft says that it's also following local guidance and doordash says they're abiding by local curfews and pausing operations as updates become available. we eelt continue to track these companies and bring you more updates as we get them but amazon said they're monitoring the situation closely and adjusted or scaled back operations back do you. >> thank you. coming up, as corporations

all comment on the protests raging across america marketing veteran mike jackson talks about how brands to navigate the unrest. eli lilly is launching a trial for treatment of coronavirus. gilead shares down nearly 3% ♪ ♪ ♪ ♪

welcome back eli lilly is beginning the world's first trial of a drug derived from the blood of covid-19 survivors their shares are fractionally higher and gilead is selling off. let's get to it with meg tirrell. let's start with the news from eli lilly. >> yeah. it is exciting news. this would be the first potential medicine actually designed specifically to fight covid-19 and as you said, it is derived from the blood of one of the first people to recover from covid-19 in the united states. it's an antibody designed to

potentially both treat the infection and to prevent it if it's successful so in this phase one study lilly enrolling 32 people and started to dose the first of them. they're essentially looking at an assessment of safety and tolleriblety and this is an acceleration of the timeline we heard from lily and the partners and the national institute of allergy and infectious diseases putting them ahead of regeneron slated to begin human trials this month viir plans to be in human trials this summer and others are also working on this approach, kelly. it is pretty exciting to potentially have the new medicine tailor made for covid-19. >> right these are treatments opposed to the vaccine race which we have been talking about separately

from that. but sticking with treatments, gilead with remdesivir drug and early excitement we had said it was focused on really sick patients and now we have the results i believe from a study of people more moderately sick and what did we find from that >> exactly so that's the differentiation. when's new in these data today the data so far severe patients with covid-19 or in the nih trial a mixture of patients and this was the moderate patients, hospitalized with pneumonia and did not require oxygen supplementation and a five-day course of remdesivir gave them 65% more likelihood of having clinical improvement after 11 days versus the standard of care now they also tested the ten-day course of remdesivir and while it trended toward positivity was not significant. so kind of mixed result that is just line up with what we've

seen appears to have an affect and appears to be modest, kelly. >> thank you very much coming up, spacex's launch over the weekend was successful. got two astronauts to the international space station. what the historic launch means for american scepa and commercial space travel. we'll have that next

liftoff as the falcon nine -- go spacex! godspeed, bob and doug >> a historic weekend for nasa and spacex delivering astronauts

to the international space station in the first-ever commercial flight. let's get to morgan brennan for more on american space flight and also for spacex and tesla shares rallying today. >> they sure are rallying. you know, this is really a picture perfect launch sad of spacex's "crew dragon" now named "endeavor. marked the first time astronauts went to orbit from the american soil in nearly a decade and elon musk's company relanding the falcon rockets booster on a drone ship a short while after liftoff as nasa astronauts bob behnken and doug hurry hurtled into orbit ending with docking with the international space station orbiting at about 17,500 miles per hour they joined fellow american and two russian kos cosmonauts and

will return to the earth in an ocean landing and big win for spacex with musk now according to at least to morgan stanley clearly the most important person to the u.s. space program and a big on overall as this ushers in a new era of human space flight. one that's really compromised of public-private partnerships and what nasa administrator described to us as last week as the commercialization of low earth orbit. spacex is privately held we are seeing publicly traded space names higher in sympathy today as well as tesla for which i think it all continues to bolster the elon musk brand overall. >> i see cnbc exclusive but i

see the astronauts are we talking to the astronauts that's pretty cool >> we're talking to them tomorrow right after the opening bell a few minutes after 9:30 a.m. eastern. bob and doug will join us exclusively. they're first one-on-one broadcast interview since making this historic journey over the weekend. >> that's fantastic. i'm very much looking forward to it thanks so much still nike's video don't do it managing to bring it adidas and nike together the exchange is back in two. yeg smoothly with the now platform. (bling) see, incident resolved.

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welcome back corporate america is racing to respond to protests that erupted the a new video by nike begins by saying don't do it. adidas retweeted the video adding together is how we move forward. together is how remake change. i'm joined by mike jackson and former vp of marketing and tidsing for general motors good to have you >> thank you >> i struggle with trying to believe there's something genuine going on here. when people love that adidas and a nike are tweeting this it's not as if the stores aren't being looted they seem to get the tone right every time

it almost feels a little bit hollow to me as if the tone is all that matters >> yeah, nike is just consistently being very authentic in their messaging it was not a surprise when i saw that video it's consistent with the way they communicate not just through messaging but it's what their brand represents i kind of harken back to earlier in the month of march and april with the covid crisis really started to hit a lot of brands migrated their messaging to be more about america, encouraging people to stay home. i would like to see brands be part of this conversation, be a part of advancing the conversation >> one more point, if they are being so authentic to themselves, why weren't their stores spared?

why didn't people say not nike they're with us. >> you have a couple of things going on in the streets across america. you have a lot of peaceful protesters and you've got people taking advantage of the situation to do things that l t looting stores, et cetera. i don't think it's related to confidence consumers would have in nike or liking or disliking them in that regard. i think you have people misbehaving. >> i know. it's difficult to kind of disentangle everything that's going on you've given examples of brands that you think, nike also hits the right message in these kinds of situations. there's a number that you think are tone deaf or shouldn't go there. however willing you are to name names, maybe you can give examples of whatnot to do. >> there are a lot of brands that i think have a responsibility to be part of the conversation if you look at the top five most

valued global brands, you come up with names like amazon and apple and google and microsoft i do think that those brands should be more proactive in having messaging that would imnate on broadcast television, on shows like this but through all their social channels. i think it's natural for them. i think they are well positioned i've heard from some of their ceos in social media over the weekend, maybe really heartfelt posts. i think the employees at those companies are going to demand that the leadership take a stand. i'm sure you're aware there was this virtual walk out going on with facebook employees not really objecting in a way mark zuckerberg is handling the situation. a lot of the comments online by the president. i do think that these companies have a responsibility to their employees. they have a responsibility to shareholders and they have a

responsibility to people that buy their products there's some brands that naturally should go there. there's some brands that shouldn't go there as pepsi learned a couple of years ago, they are not part of the conversation and they should stay on the sidelines and brands like general motors. i hate to name my old company but when that flint water crisis was going on, they stood on the sidelines. when the virus was ravaging detroit, they stood on the sidelines. literally for them to come out and make a comment would be not just welcomed but probably be inappropriate. >> there's this backlash to some of the companies that put out statements but not put money with it. wa wou what would your advice be to brands in general? >> i think the leadership of these brand, you need more diversity because if you have diversity at the top, decision making becomes very swift.

becoming very heartfelt. i do think that the leadership of these companies need to be more connected with community. it could be simple as the top 20 officers in these respective companies joined their community, joined boards of non-profit joined the police athletic league so they can understand what's going on inside these police departments but intertwine themselves with the community versus showing up in downtown minneapolis if you're 3m and going back to the suburbs. they need be more involved, day-to-day, with the community and engaged the stake holders that frank lip pay the bills >> what if more companies flee the cities and people going to suburbs. >> that would be tragic. the cities are the life blood of america and hopefully they will continue to be >> got to fit a lot of philosophical thought in a few

moments time thanks so much really appreciate your thoughts about what people should do here >> thank you >> mike jackson joining us to talk about how you come out of this stroerng nger as a brand. i'll join tyler for power lunch. see you there. welcome back to the kitchen. i'm tyler mathison stocks are near the high of the session. business leaders have been stepping up to address the economic divide and come up with solutions to the growing economic tensions that the country faces on many, many different levels we'll have more on the corporate reaction this hour plus the country working to reopen amid all of the unrest and the thre