airline. the latin american airline is still down over 50%. it has very strong balance sheets it has the best potential to make it forward and pick up share from competitors run into problems >> we got it all in. thank you, sir >> all right >> that does it for the exchange i'll see you over on power lunch with tyler mathison. welcome. we'll see you in just a moment not here in the kitchen with me but on power lunch good afternoon i'm tyler mathison welcome. the reopening rally continues as new york begins phase one of its formal reopening the dow is up 300 points the nasdaq hits a record high on track to close at a record for the first time since the weather was cold back in february. take a look at boeing. that one is driving the dow higher

it's been an unstoppable run for this stock up more than 160% from its lows in late march. one analyst think it's got even more fuel in the tank. he will joins as power lunch starts right now the dow is higher for the sixth day in the row that's pacing for the longest winning streak since september let's get to bob for more on the markets. >> we are sitting at session highs. a little pop about an hour ago that was declared we had entered a recession in february. let me show you because once again it's the reopening story that's moving the tstocks laggig two weeks ago had been leadership groups. tech is under performing it's very interesting how it's underperforming.

it's not like they are selling them the volume is light in this sector it's not a lot of buying interest the same with megacaps you know about the megacap leadership apple is at a new high this is another interesting group. visa and mastercard have been monsters they have showing some lack of interest today a bit of rotation as we go into the other groups i want to remind everybody what drives stocks. what i think we need is we need some earnings guidance to really move the markets earnings, are they growing or not in they're not growing they're going down

the market multiple is expanding. what we need to see, all of those 40% of the companies that with drew guidance, we need a few of them to come out. we've got a better idea of what's going on now. that's wh the market needs to move into the next phase back to you. >> that's a key point to watch thank you very much. the dow is higher today as bob was just discussing. we are coming off three straight weeks of gains earlier on squawk box investor said he's been caught off guard by the quick market recovery >> what is clearly happening is the excitement of pre-opening is allowing a lot of these companies that have been casualties of covid to come back and come back in force and with

a combination of helped with the fed money and in particular a vaccine whether the news has been very, very good >> are there more gains ahead? bryan, should i believe the v recovery and does it matter if i do or i don't? the market doesn't seem to really care it's just going ahead. >> thanks for having us. we went through this post the financial crisis every one was looking for the correct letter of the recovery which ended up being a big giant sauce recovery with the slowest most boring economic recovery in history. i think people that make bombastic calls, it's humbling

the scope of the -- the climb has been brought by overly negative macro data and macro forecast that came out in february and march that everybody focused on my whole issue with the market continues to be that people are way too macro focused. that's why the stock market has been rallying because it's not just about the fed it's a big part of it but it has to do with we have great companies if the united states we're going to see guidance come back and that's why the market is up. >> does the second half get easier for stock picking or harde harder. >> i think it gets harder. we have this initial v shape but the economy will be, at least, not accelerating quite as fast

we do have the potential for a second wave. i think most important, you have the u.s. election which we'll be talking a lot more in the next couple of months potential for a blue wave which i think will be fine for the overall economy redistribution of economy for those who have more of a propensity to consume it for the u.s. market on a relative basis that's going to be a little bit tricky. >> i want to push back on something, if you don't mind, we're at session highs if there's a blue or democratic wave that results in change in the white house, a change in the

senate that the economy would motor right along. i question that because generally, the democratic party has called for raising corporate taxes. they certainly are not going to be calling, it would seem to me for a payroll tax cut nor would they seem to be calling for a cut in capital gains rate which is larry kudlow has called for i wonder whether a blue wave would be a non-event for investors and corporations >> i wouldn't say that at all. this is where we have to distinguish between the economy and the market the economy would be okay because it's broadly a redistribution it's more money in hands of people who spend it. it's more investment there's no question that the market will get lhit by a blue wave because likely corporate tax will go up and there's going to be a change in regulatory

policy it's not always the economy and the market move the same corporate tax rates go up. that's going to hurt the market. the economy after perhaps a bit of a liblip >> you draw a bright line distinction between a blue wave being sort of a nonevent for the economy because money is just going to be moved around and whose pockets it lands in my be different but it lands in somebody's pockets and it might be good because it creates a propensity to spend if it lands in right pockets but a difference on the market give us your thought on the election risk and to the economy. >> i think evan is spot on with respect to what happens traditionally when you have a democrat in the white house and actually this blue wave or whatever has gone over the weekend. that was usually one of the big bullet point conclusions that i

read over the weekend. i think it's way too early i think it's way too early now that covid, thank god, started to decline in terms of worries and the markets have gone up. now we start to talk about the election i think people's views are way too emotional. let's go back from a fundamental perspective, less registrationlatioregulation, less taxes i think it's really difficult to make this emotional/more feeling type of conclusion with respect to the president of the administration i think people are being led with their emotion and not led with analysis. >> all right thank you very much.

kelly. new york entering phase one of its reopening process >> reporter: as officer workers return, it will not be business as usual starting at the front door the ceo of relates gave us an exclusive look inside as well o sector >> the days of 8:00 to 8:00 zoom calls is not that productive they will be greeted by they are cal scanning equipment if your temperature is over 104, you're retested with a hand scanner and if it's till that high, you have to go home.

that swipe tells the elevator where you're going you don't need to touch the buttons. elevators will be limited to four riders. hudson yard already had state of the art air filter systems but they will pump up the circulation. >> i'm curious about a couple of things number one has this dented at all the attractiveness of hudson yard going forward and what about privacy concerns for some of measures that are under consideration? >> reporter: the privacy concerns we asked jeff about and he said none of it is recorded it's all anonymous if your temperature is too high

and you're told to go home, they don't ask your to name they don't record it anywhere. everything is anonymoanonymous. you can expect to see more people come back in the offices. he plans to have even more by september. really depending on the city's phases to reopen >> thanks so much. thank you. coming up, we are right near the highs of the session maybe backed off a little bit. oil lower today but energy stocks are on fire leading the market along with industrials like boeing. that move is, a lot of this move you're looking at is thanks to boeing double digits again today. we're talk to one analyst who says this recovery rally has

more runway right after this 'lbeig bk. k. wel rhtac this is decision tec. 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.

welcome back, everybody. airline stocks are moving higher again today as investors remain optimistic about a quick snap back in the travel industry. phil has the details hi, phil >> there are more people flying. this weekend we had two days where the number of people screened by the tsa topped

400,000. that's the first time we have seen that since around march 22nd you might say it looks like towards an up tick we're still down 83.5% compared to the same time last year while there is some mild improvement here, it's a long ways from where things were pre-covid-19 the airline index is up 79% in the last month easily out performing the s&p 500. is this case of the stocks going too far, too fast. are the airlines optimistic. closing bell will have ceo of jet blue on exclusively. that's next hour shares are on track for the best month ever you might be saying best month wasn't it last monday. one week the stock is up 55% in the last week boeing will report its may orders and deliveries tomorrow keep in mind year to date,

negative 516 in terms of order they've had more cancellations, more adjustments in the backlog and that's probably going to be similar story tomorrow we'll find out tomorrow morning when the actual orders and delivery numbers come up back to you. >> thanks so much. our next guest initiated coverage with boeing and a $277 price target saying the risk is baked in now the shares are still 30% on the year welcome >> thank you very much good afternoon >> this will be an interesting discussion because we spoke last week with a boeing analyst who is much more cautious. his concern was around the max tlifrly schedule what's your expectation as we look into next year and beyond in. >> it's fairly light

most are deliveries coming out of inventory what i assume is right now for many numbers is the max would return to service in september what i also called out in the notes specifically was that there was risk that could slip every possibility that risk could slip i thought the most important thing had most to do with long term forecast and how i think boeing will perform going forward. >> what does that look like? >> i think if you were to take a look, i think what was needed here was some perspective. also, whether or not in the long

term boeing's delivery forecast is reasonable. putting that in -- doesn't sit fit with historical trends and what we have seen boeing coming out of a recession >> i'm curious as well if we talk about the $277 price target, what does that valuation for you predicated on. we're only about $40 off of that level right now. >> the stocks moved up a bit more than i would have thought and one day certainly. my price target was based on a 2023 estimate of about a bit over $18 a share catsh flow. it was predicated on boeing returning to what we call a mid sickle valuation boeing is a cyclical stock i think what happens is as we move and start to discount mid cycle, i think multiples expand.

the price target was based on a mid cycle multiple 15 times and $1845 a share. >> you thought it could return in september or by year end. we're getting used to hearing these endless forecasts for its return that never come true. i don't know if covid has probably added complications around both the government's abilities to kind of move this along and maybe some additional safety procedures in terms of manufacturing the plane and so forth. what happens if the max isn't back by january? >> the main thing here, i think. you have to assume the max is going to return within some reasonable time frame. maybe as i said to the end and maybe even january i take a look at boeing in terms of the long term, what i think a

recovery is going to look li like -- that's a more important thing. that assumes the max is going to return to service in some reasonable time frame. >> want to be sure the max is meets their standards. >> if i can jump in with a quick question if you can put it into simple terms for me, how healthy do airline s have to be for boeing to be yell thi it's inching back. some think it will be years, not months before it gets back to anything approaching the

pre-pandem pre-pandemic >> generally airline vs to be fairly yell thi in other words to be able to buy airplanes. they have to be profitable now the other thing is the other good news is that if you take a look, this is not -- this situation coming out of a recession isn't entirely unique. coming out of a recession airline suffer and have to return to health, et cetera. that's the thing i look at and i think they have. they're production forecast is quite a bit less than what they had planned for precrisis. you have to be really healthy

but i think boeing accounting for that >> thank you so much for your time today we appreciate it still ahead, amazon is higher as the stock is set to rally as more people will continue to order online even after the lockdowns are over the traders will debate that call, next plus another winner of the coronavirus pandemic private equity vanity fair writer will join us to talk about why private equity may be too big to fail right now. more power lunch is flexion. min. min. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪

but a resilient business you cacan be ready for it.re. a digital foundation from vmware helps you redefine what's possible... now. from the hospital shifting to remote patient care in just 48 hours... to the university moving hundreds of apps quickly to the cloud... or the city government going digital to keep critical services running. you are creating the future-- on the fly. and we are helping you do it. vmware. realize what's possible.

can i find an investment firm with a truly long-term view that's been through multiple market cycles for over 85 years? with capital group, i can. talk to your financial professional or consultant for investment risks and information. because when you want to create an entirely new feeling, the difference between excellence and mastery is all the difference in the world. the lexus es. a product of mastery. experience amazing at your lexus dealer.

welcome back amazon's newest bull on wall street is rbc capital. the analyst behind the call on cnbc earlier today >> maybe most bullish of all, prime penetration. it reached a record high level 67% of u.s. households appear to be prime members >> let's debate with trading nation team today. do you think the good news is reflected in shares of amazon? >> it's had a great year i think the key take away pr the report is the top three categories with consumer interested in apparel and groceries are the least penetrated by online amazon has this enormous potential to increase its foo

footprint in all sorts of retail that wasn't available before i think at its core, amazon is really about reducing friction in all sorts of transactions. to me, amazon is unique as a big company. they are just focused on the customer ta are not guilty of this monopolistic disease which is my way or the highway they are constantly trying to make it better for the customer.

>> perhaps not short but when looking at the stock, should you stay long? >> yes, you should what's important to note is the rallies for april in amazon marked very important break out through 18 month resistance dating back to september of 2018 following such an extended period of little progress for the stock, we see the runway for additional up side and we think the stocks will be rewarded given the bullish macro backdrop as well. there's very little resistance on the up side we can point to when it comes to investing, so important to let your winners run and this is a winner >> all right we'll leave it there for more trading nation head to our website or follow us on

twitter. back to you. thanks very much ahead, has private equity become too big to fail and will you be on the hook for their losses we'll dig into that. a huge movement is sweeping america forcing investors to rethink everything including where they put their money billions of dollars are flooding into esg funds we'll talk to top funds manager about those trends, coming up. stock slices. for as little as $5, now anyone can own companies in the s&p 500, even if their shares cost more.

at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. ♪[ siren ] & doug give me your hand! i can save you... lots of money with liberty mutual! we customize your car insurance so you only pay for what you need! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars

of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights to getting my money right. so thank you. ♪ yeah. this moving. thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving

with xfinity a breeze. visit xfinity.com/moving today. welcome back, everybody. here is your cnbc news update. in this courthouse within the last hour, a judge set bail at $1 million with conditions for the officer charged with second-degree murder in the death of george floyd. derek chauvin participated in

his first court appearance by teleconference lawyers frr prince andrew is hitting back at claims that he's not cooperating with u.s. prosecutors. they say he offered to give testimony, at least three times this year. more research showing the pandemic has taken a toll on people's mental health researchers surveyed 1500 adults and found the percentage reporting symptoms of psychological distress tripled since 2018 miles driven on american roads fell by nearly 40% in april as much of the nation was under stay at home orders. you're up to date. ty, back to you. thank you so much. markets right now the take a look at where they stand the dow is up 307 points the s&p following right along as well up about three quart es erf

a percent. nasdaq is up 72 points or about three quarters of a percent. the oil market closing for the day. dom has the numbers at the cnbc commodity desk >> the stock market rally but oil prices are sitting this one out and u.s. benchmark west texas intermediate or wti prices off 3.5% similar percentage decline for world benchmark brent crude. oil had rallied into this past weekend partly on expectations that opec and its partner countries would extend historic production cuts meant to prop up oil prices and that so called opec plus group did just that. they extended a nearly 10 million barrel per day cut until july now will are fears that as oil prices rise, they will pump out more oil you get some of that downdraft

oil moving lower back over to you. there's been one unlikely winner my next guest says that could be a big problem as they are tied to pensions and retirement funds and 401(k)s. they have become too big fail. it's good to see you welcome. >> thanks for having me. >> i was surprised by this move to allow private equity funds in people's 401(k) plans especially in target dated funds that are a little murky and opaque to deal with you want people with access to an asset class you have to be wealthy in order to access but each fund is different there are great funds. there's a lot of bad funds probably going to be a lot of bad funds that you can have access to this huge pot of money

nap is even just one of the pla planks you're talking about. >> yeah. once they are saying retail investors come on in it probably means somebody has a plan to siphon off the assets of retail investors i can't help my inner cynic from jumping out. private equity is woven into the fabric of our economy. i was shocked when i looked at it some 30% of money comes from public plans the idea that it's them versus us isn't really true so private connect is us to an industry that's nod good news

>> that's so true. it's the point not made enough you have people on democratic campaign trail going after private equity that would undermine the pension plans that a lot of their supporters need to do well in order to have sort of viable retirement they are woven together. >> i push back on that a tiny bit. there are things we can do do make it function the overall point is taken >> what about some of the wins you see here one of the things that happens in market downturn is the ability for these industries to come in on the cheap, which is the idea they are supposed to come in when everybody else is panicking but a lot of times they can add debt to these companies.

that's been the big knock on the industry for quite some time what other ways do you think they are winning from the coronavirus? >> the story i did for vanity fair on this who said private equity firms double the amount of debt on a company's balance sheet. you think of corporate weakness that has led to some bankruptcies in the pandemic like j. crew and knneiman marcu. there's obviously a great irony at the heart of this coming out of financial crisis, it made a great deal of money scooping up real estate when it was cheap. now you have talk of commercial real estate of mammoth defaults cascading through. i can guarantee who will be that

picks up the pieces from that. on the one hand, there's capital. we're going to meet capital but on the other hand it's going to intensify private equity it's going to intensify private equity >> bethany, i'm thinking back to financial crisis when aig, which was not an fdic covered institution in any sense was bailed out by the american taxpayer the you see a scenario in which things could go sour for some of the private equity companies and taxpayers would have dom to comn and bail them out because they were deemed important? >> i think that's ways off right now. you can argue that private equity firms are going to benefit from a continued era of

low interest rates just as we have in the wake of the financial crisis people were arguing that private equity was headed for a fall before the financial crisis given the amount of leverage in the system and the low interest rates put in place by the federal reserve help bail private equity out of that impending disaster i think we'll see in the same thing in the wake of this. that is one form of a bail out as well as a continued crash to private equity given being able to borrow money cheaply is part of what makes that industry work if you view that as form of bail out, yes >> i just want to point out that you and i together have put your dog to sleep behind us there he's going back to his bed what's he has name or her name >> her name is spring. >> okay.

good >> i'm always able to put the audience back to sleep i'm going to toss it back to you. >> fred, spring. great stuff. we really appreciate it. bethany mcclain joining us with the latest coming out of these big moves. fascinating stuff. we'll take a quick break we'll check on some of the big movers of the day. can the stock keep climbing as meat producers catch up to demand big move today we're back in two. 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. but when allergies and congestion strike, take allegra-d... a non-drowsy antihistamine plus a powerful decongestant. so you can always say "yes" to putting your true colors on display. say "yes" to allegra-d. we're committed to makingrs college more accessibley, by making it more affordable, that's why we're keeping our tuition the same through the year 2021. - i knew snhu was the place for me when i saw how affordable it was. i ran to my husband with my computer and i said, "look, we can do this." - [narrator] take advantage of some of the lowest online tuition rates in the nation. find your degree at snhu.edu.

welcome back time for today's power movers. grub hub is falling. grub and uber are disagreeing over anti-trust concessions. grub is down about 5% on the session. michaels going the other way and soaring on an upgrades with a $13 price target they think sales momentum will pick up of the liquidation of its competitor, ac moor. thor industries are benefitting from rv trends they say first time buyers are expected to boost sales in the

months ahead a new push by trading firms to offer fractional shares is creating a retail resurgence kate has the details for us. hey, kate. >> factional trading or ledding you buy a piece of a tack for as little as a tlar is madollar isg markets accessible we have some new stats from fideli fidelity they sell a record 1.2 million new accounts open. that was up 15% from the same quarter last year. fidelity also saying that increased engagement happened with younger investors nearly half of client who is use fractional trading are millennials.

silicon valley really the ones to kick off the trend followed by square and robin hood more than half of users making their first trade do so in a fraction of the stock. overall 40% of trades are fractional amazon, tesla, apple, disney and microsoft are the top names that sofi traders are buying in traction guys >> all right,sir >> i was going to ask a question my gain is still 30% on my half a share. i don't have to own the whole thing to get the whole gain? >> exactly you can sell that same amount and get poeexposure to more nams this is an easier way to get

exposure to names they might know >> how thin can the shares be? how thin can the fractions be? >> they do it by dollar amount one dollar is the minimum. you could put $10 on the stock market in this case. that's something that jack dorsey when he first announced it used that example of dollar in $300 dollar worth of berkshire hathaway share a dollar is the min yum. >> thank you even chipotle is over $1,000 these days we're examining another big trend that is changing investing. checking on the markets right now, stocks are higher and pretty much at session highs the dow is up 321. it's a better than 1% gain now

the nasdaq hitting a new high. several aspects to watch can we close above the closing 'rba itwmeti wee ckn o. 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.

welcome back check out shears of beyond meat. up 20% it's back to $160 a share. it enters a deal with a chinese firm they benefited from meat shortages. we're looking at the post pandemic challenges for these kind of companies. >> hi, kelly beyond shares are soaring, heighting the i haddest level of the year today, up about 20% right now. after the company announced a deal with a major chinese

distributor. that company distributes imported foods to 4500 wholesalers, restaurant chains, and hotels in china. beyond also announces deals with yum china and starbucks in china. the country is a big priority for beyond beyond shares rallies more than 200% since the mid march low on pace for the first ever positive quarter in the quake of the pandemic, the company's also focusing on the u.s. retail market trying to nab the meat consumers facing rising beef costs sparked by covid-19 related plant closures data showing sales of fresh meat alternatives at grocery stores are up nearly 240% since march the how will the company maintain the momentum as the country reopens? this summer beyond meat will introduce value packs promotions and discounts. beyond also making it easier for customers to get the products online and switch some food

service production lines to service, retail. but there are challenges ahead with added competition from a lot of big food retailers. kellogg's will follow up the incognito burger with plant based sausage and brats and sausage. nestle and tyson also in the game and, of course, impossible foods as well. back to you. >> adidi, thank you very much. coming up, how changes in our society are leading to changes in the ways we invest. don't forget you can always watch and listen to us live on the go on the ccnbc app maybe it'll give us a new perspective. maybe we'll see things we've been missing. maybe it'll help us see just how connected we all are. and maybe... just maybe, if we look at the big picture... it'll remind us just how amazing freedom really is.

but inside... there's advanced research, modeling and refinement. constructing funds that don't simply follow an index. but explore new terrain. helping you fill portfolio gaps. connect to client goals. and strengthen confidence in you. flexshares. powered by over a century of investment expertise. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully.

into funds that say they invest based in part on environmental, social, and government practices of their portfolio companies. esg funds tracted during the same time last year. valerie grant is a senior vice president and senior portfolio manage we are alliance bernstein and in charge of the responsible investing group at alliance bernstein. welcome. the good to see you.

>> thank you >> thank you for joining us. since questions of race and diversity are so top of mind and front burner right now, let me ask you as you size up companies, how you measure whether a company is doing well on diversity metrics what are the metrics and do you have enough data really to know? >> we really focus on two levels first and foremost at theboard level. we look for diversity among the board of directors because there is a lot to be said for the tone of the top and there we're really looking fordiversity of thought along multiple dimensions. quite frankly, i think we really have to move beyond just looking at gender. we definitely look at the percentage of women on the board, but we also look for the percentage of racial and ethnic minorities we look for the number of skills and the diversity of skills that are represented on the board of

directors. and that should flow through also to the composition of the various committees of the board. yes, can you measure these things we have a data set that we developed into a propriety way of measuring board effectiveness. and board diversity is a very important component of that. >> i don't know whether happen to read over the weekend in "the new york times" a very indicting article saying corporate america is failing black america it talks about how some companies have advanced the number of racially diverse people on their boards but have not done it in the leadership ranks. indulge me for a minute here to read from this article which i recommend to people. the nation's largest health care company cvs has no black people on the senior lead areship teer. there is no black people on jp

morgan or wells fargo. in technology, there are no black leaders in facebook, amazon and four black chief executives among the 500 largest companies in the country if you're not measuring and looking at the leadership teams and other metrics, how can you really get a sense of whether the company deeper than the board level is really living what they're preaching >> that is a very important observation. one challenge we have is getting good data at the enterprise level. so the data is available you have to look for it. it is available. but it's much more difficult to get the actual statistics on the senior leadership team or on the overall employee base. we have better data and better disclosure around gender within the enterprise but we are really looking in terms of our visibility to and

ability to measure the diversity of the leadership team as companies realized that investors and other stake holders are interested in understanding the human capital management strategies and actual practices as it relates to diverse a diverse and inclusion, some are starting to release more data in terms of representation and pay equity we have a long way to go >> that was a really interesting point you just made there. on pay equity and data below those board seats and so forth that data is hard to dig out some companies have tied executive pay to meeting certain diversity metrics. am i right on that >> a few is the quick answer a few. that's relatively uncommon >> just a few. >> yes >> well, i want to thank you for

your time. i hope you will come back, valerie. and we'll spend some time talking about examples in your portfolio. i know you had some. but i want to get to what we discussed there. thank you very much for your thoughtful answers valerie grant. we appreciate it kelly? >> that does it here on "power lunch. thank you for tuning in. "closing bell" starts right now. >> thank you, kelly and tyler. welcome to "closing bell." the i'm here with willford frost. stocks starting the week in the green. building off last week's gains let's look at what is driving the action in the final hour of trade. the reopen trade as names that have sunk the most and benefit from reopening the most like hotels, cruise lines, airlines, they continue to rip higher here technology taking a breather the nasdaq underperforms the broader market and the s&p 500 almost flat here today the national bureau of economic research officially determined that the u.s. economy entered a recession back in