this increase in coronavirus cases and perhaps more worrisom is the hospitalizations as the economies around the country do continue to open up. to start off the our we're going to have a conversation brad. we want to get your thoughts on what we're seeing in terms of the market pull back right now >> sure, i think it is healthy i think it is a wide range of outcomes, still, not just aro d around i think it is healthy for the companies to do that there are still that are still digitizing the global economy.

and there is still a lot of opportunities out there. chris, i want your thoughts on this monday morning sell off such a weak week last year we see potential buying opportunities in the midst of it >>. >> referee: y-- yes, i think th markets are looking forward to it finding opportunity for the market, you know there is clearly volatility that is increased. the health crisis is rearing it's head, we spoke to a lot of schedules, and other companies that we're invested in,

generally managements are nervenerv nervo nervously optimistic so for investors, we find them as great opportunities we don't know if they bought at this point or what does it make more sense than normal to invest in companies. >> i think is a chance for asset inflation. and when we look at companies that are investing in this futu future, data centers, software and security, military

modernization, all great long term sector growth stories that i think investors can get behind and technology is a great place to be because they have motes, which allows them to be defendable if their kfservices d products are at a lower level. >> brad, where are we with tech. i see it as go through these doesn'ts, and this post covid era that we're hopefully moving into, what kind of phase is this >> we're constantly in these cycles, in the tech sector, where disruption comes from, underlying all of that is the tools that enable that

one of the areas that we're really excited about is the next set of apps, and as companies run along the world, they enable platforms, they make tools to make chips, and we will see these chips in medical devices, cars, the iot. i point to a company like micro ch chip, texas instruments, and it is really the infrastructure lay near is enabling all of these to take place >> i want to go back to military

modernization. and the industry group is in the red. why do you put that in that bucket >> i think that war fair has changed dramatically in the next 30 to 40 years we are fighting viruss and malware and attacks from all over the world for our corporations so the definition changed as well we have a government and a white house that is looking to modernize their military forces that were neglected for quite some time. so things where you can put more processing power into the battlefield, it could minimize

lives lost you look at drones, you look at surveillance all of that needs to be modernized anti-jamming capabilities. that all needs to be modernized to make our troops safer out there and also i think it helps to improve the outcomes. >> yeah, defense technology. i'm curious, all of the things that we have seen is chatter and analysis for the names that are bigger and more powerful than ever is that how you see it as well is s it a next class of jom

coming names >> i think it is a flip side it's not getting any better. the bigger they get the more scrutiny they have i think they are under priced short term, but it is regulatory capture where regulations get introduced and it becomes such a high cost that only the big platforms can continue to do it. that said they are utilities for the next generation of winners to be built. it is another wave of it coming.

>> i am wondering if you have had to redefine the way you look at risk. given the eagerness for anything that could grow or has a chance given they can't put their money in a savings account, there is a lot of well rated bonds, has the risk profile changed >>. >> i think you need to move more quickly off of the bottoms i think you need nimbleness. we view it as a strategic investment and you can really take

advantage of the opportunities, and we're finding them, you know, i think that we were talking about semi conductors, that is a really good growth area i think there is a lot of opportunities there and we're finding opportunities in those areas and those supply chains. we have discussions now at the national level of bringing home semi conductor manufacturing that would help companies in that supply chain. so you have to be more flexible and nimble because the volatility is high >> thank you for joining us this morning. the major averages pairing their losses >> meanwhile nonprofit organizations that have not been able to fundraise in the

pandemic may have a path forward. darryn walker will tell usee on the other si oth bak ayitusdef isre

california mandated that every public company in the state must have a woman on it's

board and since then female representation has slowly increased. women now account for 20% of board seats up from 17% in 2018 and other states followed california in crafting similar legislation. washington, new jersey, and massachusetts. illinois took it a step dpurt. they say it can support future policy changes to address the under representation of minorities in the boardroom. states pursuing policies are more likely to leave innovative policies and they are representative of today's society. some don't agree with this approach the ceo says mandating diversity can lead to tokenism he or she is hired just because they are a different race. it is on companies to make the changes but past data shows that

companies are slow to adapt. 91% drive diversity and equal opportunity. they are highlighting targets and objectives thank you, seema, it is one topic of many. nominated to join the ralph lauren board great to see you again, good morning. >> good morning, john, great to see you. >>. >> let's stay with soishl bonds. they are recognized for what they do, but i understand that you're going to borrowing this to pay a 3% to 4% interest rate

overtime tell me why this is important to do look at what is happening with this adapting and why it is not going to happen. >> we need to understand that we're in a crisis. more commands are ming made on you. if you depend on fundraisers will are none taxing place, so we must step up and be bold and creative for most of us we live off of an endowment and when the market is

vulnerable, be take more and we come up with a plan, a mechanism, made in part by the low interest rate environment that we're in. so we will issue a billion dollars of bonds a social bond, that will be used to give away in the next 18 months and we're joying by the mcarthur, duke, and kellog foundation in addition to the fund that's are already approved by grant making >> those are all names that people are very familiar with that have quite a track record over time. i want to broaden out the lens you look at a variety of social

and economic kmanls all over the world. you try to have a measurable impact, tell me how you assess the situation right now. what is the problem and why, if you don't have a solution for it how do you approach it >> the larger challenge for america today in this moment is the change of race i think the murder of george floyd made deny ability of racism in america no longer an option and i think for many white americans. what they witnessed was heartbreaking. i think most people in the country are not racist most policemen and women, i don't believe get up every day and say i want to go find a black men to shoot but i do believe they are part of a system that is bringing

desperate outcomes based on race we have a situation in the country that we have finally come to a reckoning on and that is our legacy of white supremacy that is a difficult thing for us to talk about for those of of us that love this country and my love for this country is unwaivering and unbreakable, but it making me demand justice for all of us. at this time in america, and throughout our history, we have never fully lived up to that idea of justice. america is not just a country. america is an idea, an idea that

has mobilized and inspired and received the admiration of the world and regrettably we are losing that admiration we are losing the that the united states has glowed in because of this idea of america. >> yeah, it is an important conversation, it is an important discussion to be having, darryn. when you see so many organizations ready to donate money now, if that is to. >> morgan, i have heard from

literally over a dozen ceo's of fortune 100 companies. they are genuinely distressed. they are hearing from their employees and their companies, and they're going to throw out that old play book you make some grants, you a conference call with black leaders and apoll fiez and get back to business that play book is not responding in very powerful ways. it is just one example, i think, of the kinds of concrete actions we're going to be seaieing more

of >> had we had an affirmative action era and i think it was a hope that it would confront issues that we're still seeing what do we do differently this time >> we lost our commitment. it was a watershed, and we saw the highest of advance mement ad we have never achieved that level and i think this way sustained our targets to which our boards hold us accountable i think most ceo want to do the

right thing about this i think there are lots of implications there is thinking about disparities and inequality, and i started to think about higher education and the disparitiedis. and the great hbcu's that have something like $500,000. what if they did something the same what if they issued social bonds. the proceeds of which could be used to build endowments, to build capital improvements

imagine what that would do to shrink the inequality that we have in our higher education system >> i hope people are listening, thank you for being with us. >> thank you, john >> thank you, let's get a check on where we stand in today's trade. major averages are in the red, but we have cut our losses on the dow. a market low of 760 points it is down about eight tths enof a percent. we'll be back in just a moment.

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welcome back, the supreme court this morning driving a landmark ruling in civil rights and lbgtq rights >> that is right, federal law discriminates on the basis of sexual orientation it expands the understanding of the landmark civil rights act to include sexual orientation along race, gender, and the decision was 6-3. two republican appointed justices, joined with the

democratically appointed judges. it states in part that because the discrimination requires an employee to treat employees differe differently, a employee being discriminated against is in violation of the civil rights act. so this is being seen as a mayor win for ga rights advocates and we'll have to see how it plays out. back over to you >> yeah, a big ruling today. time now for a news update >> another decision by the court as well. a legal hurdle today to the

construct of the atlantic coast highway. it could ununder the major appalachian hiking trail in florida. and it is expected to lose double that by the end of the year according to the national restaurant association three quarters of them say it is unlikely they will be profitable in the next six months and in new zee land this weekend, 40,000 fans packed the stadium to watch a rug by game after the prime minister said that the country stopped the spread of the coronavirus with no new positive cases reported there since late march

e morgan, back to you. >> yeah, just piping in the sound in some areas to try to give you that effect thank you. still ahead this hour, the owners of the iconic dc stap ben's chili bowl wbeill with us we'll be back in just a moment ♪ ♪ yeah ♪ ♪ y-yeah

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is wall street's free pass expiring >> what was freet pass what is it if it is still in effect it was a period where it seems like stocks were reopening just the fact that most of the country was going to be restarting was enough to fuel this rally and it was going to be weeks

because they could but i think it is more of a push and bull about the risks and the rewards of the reopening, but also the support of some fiscal support measures, extended unemployment measures, it may be closer, it may need more health on that and that is the election these things will complicate the case people were so under invested in stocks and that seems to have changed but also you can look back in the last several days and say we needed a shakeout we got overheated and so far it is a shakeout. it is still in the pull back

zone there is just morically cased news flow along with this pull back >> so taking a look at the southbous&p right now. we're down about 9% right now. here are the worst stocks this morning. also names like alliance data and coty don't go anywhere.

as companies are starting to look back. and fears of the second wave are relevant roger, good morning.

>>. >> you're such an interesting company in the sense that you have life insurance, you don't have a stockholder issue like some others, what has been the biggest challenge for you running the business in the past three months and how do things look now >> good thank you for having me. you know we have gone through phases here. the first step was with everybody else we had to make sure that our employees were safe. figuring out how to run a call center, for example. but i know we started turning to the realities of what is the environment going to look like and the environment was a

challenge with lower interest rates. itted losses that might come also a great but no one wakes up and thinks about life insurance, but but they passed away and we had more people thinking about life insurance than we have in quite a long time. so. >> i imagine you also have a really unique sentiment. as we're reaching these, the hears that are hardest hit, plateaus and if you're easing

into a different stage perhaps, but we see cases rising. what are you seeing in terms of people's concerns about it and what are your thoughts about how hoping up should proceed >> yes, we have offices with our agents and advisors around the country. it is very different clearly what happened in new york and boston felt different than other parts of the country. i think everyone wants to get back to work the virus is still there we are watching the utilizations of hospitals but we are a little concerned

and we're making sure our employees knowthat if e we ask you to come back, we will continue to do that. >> yeah, just to dig in a little more, given the these are stools that i imagine it is one like yours are very engaged in right now. what does that mean in terms of mortality risk and portfolio >>. >> we have an understanding that people have not seen this. and there is no doubt that from a financial perspective we will

come through this like we have since we were founded back in 1851 we think it is really important that people pay attention to the basics wear a mask, wash your hands, we're not going to be seeing 43,000 people in a stadium we should be able to have a business and society get going again, and try to manage the risk older folks with underlying health issues, really, really important that they don't get infected and we're seeing that play out >> e yeah, you mentioned that with market volatility, interest rates, the fact that the fed came out, what does that mean?

>> rates are very low there. staying at home to smooth the infection curve, what the fed is doing is smoothing the markets and the support is very different from the 2008 and 2009 downturn we need to really use technology be to included i see some health care workers, and they are on front lines around the country so please go to mass mutual.com. it is available in eight or nine

states so the technology is important >> a lot of leaders say they're reassessing their culture. are you planning to do anything differently with your workforce? >> we were critically, that put is in a position to have the tougher conversations around race that we think that every beg company has to do just seeing the supreme court affirm transgender rights is something that other big companies have something to do with so we need to do the same thing around racism.

it is too many mornings that you wake up and you see things like what happened in atlanta these things just should not be happening. so first mass mutual is making sure we're talking about it ourselves and taking care of our employees. it is time for us to stand. >> very quickly, are you selling your retirement services business >> i have seen rumors in the market about that, but i will say we have invested dramatically in business because of the great rates >> thank you, the chairman and ceo of mass mutual z

>> we're getting breaking news on ebay. >> yeah, here is the construction of what is happening. the u.s. attorney's office in massachusetts is holding a press conference the idea behind this is that there was an intimidation campaign against two individuals that wrote a letter about ebay and e commerce that is the sense of the allegations for right now. we'll get back to you. >> thank you shares of ebaay down about 1%

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ben's chili bowl vilted by the likes of president's barack obama, george bush, bono, pope francis, jimmy fallon. a host of other celebrities, martin luther king, by the way ben's is an institution that opened in 1958 despite the fact that washington, d.c. was still segregated at this point we have the owners of ben's chili bowl good morning to both you have. i'm from d.c grew up there.

i know about some ben's chili bowl great to have you. >> great to be here. >> happy to be on the show today. >> mrs. ali, i'd like to start with you you've been an entrepreneur for a long time. you've seen a lot of history in this country and in d.c., what does this period of time we're in right now mean to you >> oh, my goodness now it means many things number one, it means hope for what's going on in our city in terms of our basic human rights. we also are dealing with the pandemic which means uncertainty. there's maxtua mix chur of -- me of feelings. i was there 1968 when dr. king was assassinated and we experienced riotic for three

nights ben's chili bowl was allowed to remain open for those these nights of curfew. we were right in the middle of it it's kind of disheartening to think that today our sons and daughters are fighting for the same basic civil rights we fought for 50 something years ago. >> sage, i want to ask you about the business as well first round, you guys did not get a ppp loan which is kind of staggering to me because if d.c. knows anything restaurant wise, knows ben's chili bowl what was your take on the process? >> i understand the second round, you did get a loan. is that amount, as far as you know, going to be enough to keep you afloat >> the process was challenging the loan was announced and it was a short window to get everything together. a lot of information was asked

of us by the bank. we did miss the first round. it did come through in the second round we're very thankful for that as far as the amount, it was initially set up to cover payroll expenses for two months and it did help with utilities it only lasted certain period of time so will it be enough? it will be enough for a short period of time and we'll see after that everything is really data time right now. there are many other expenses aside from payroll >> yeah, sage, i realize that the restaurant has been open or at least the flag ship restaurant has been open for pickup as we do start to see reopening efforts take route in d.c., what will that look like and how are you preparing for it >> as i understand, the next -- we're in phase one of opening right now which allows us to have some outdoor seating and our mayor was gracious enough to allow us to use the alley way. we have two locations open right

now. ben's u straight and ben's 8th street both have some outdoor seating that helps a bit phase two, as i understand, it will allow us to have a 50% capacity we're awaiting the mayor's announcement on friday to understand what that will look like >> i suspect that you are thinking a lot about what's most important for ben's chili bowl during this reopening process and going forward. what's the most important thing for the business to focus on as you try to get through this challenging time >> first of all, we got to make sure our team members are safe and our guests as well that's the uncertainty of it how long we have to do social distancing and wearing masks and that kind of thing the chili bowl was a meeting and gathering place. i'm missing that terribly and we

have the busiest plan we've ever had in terms of reservations, of tourists coming and students from across the country. now that's not happening, of course the most important thing now is to try to be able to get, make sure as i said our team members are safe and our guests are safe and that maybe we will be able to look for the new normal i don't know what that is. it's a little bit sdcare ry for very scary for me. i have my sons and their wives come in and do what needs to be done to make that happen for me. >> it's been challenging the chili bowl has been the real gathering place and for people of all race, backgrounds, economic, religious, racial, cultural or whatever she sat with dr. king back there in the 60s and he was planning

his march and planning the change he wanted to make and dreaming allowed now, people still want to come in and gather and fellowship in a sense. that's what has really been challenging. even when people can come in, if the social distancing is still in place, which we do want every one to be safe for our business model, it does make a significant difference. >> it sounds like you think the consumers will come. the customers will come as reopening continues, capacity expands. it doesn't sound like that's a concern to you >> i think they're excited to come i think they are looking forward to come. we want to remind them that safety first we have to really implement the right protocols there. i think my sense of d.c. is it's weather is warmer. i think people are eager to be outside. we want to make sure every one is safe. >> finally, what is your advice as a seasoned and experienced and successful entrepreneur to

small businesses across the country that are trying to weather this as you are. you said it's scary but you've got some experience to rely on what words do you have for them? >> you have to believe in what you're doing enjoy what you're doing. the best part of the chili bowl is being there every day, greeting the guests. something i've not been able to do for the last couple of of months in addition to that, you provide for us we provide a home like atmosphere we provide delicious comfort food we're happy to have everybody just come in like family and then you're simply endure. you simply say, we're going to make this work i remember when ben and i opened the chili bowl and we thought and i said to him, should i lever leave my job at the bank and i said why not we have to get rid of the car and bring in a shower and a bed in the back of the chili bowl,

that's what we will do to make it work. we didn't have to do that. you do shave to endure you have to not give up. if you know you have a product that's good, you know you're doing something that you enjoy then don't give up >> that is fantastic i'm told i got a little bit more time i'm going to ask you sage, what are you seeing on the streets of d.c. right now as far as people's mood, people's focus, the impact on small business of the protest or anything else >> we're in washington, d.c. which is the center of so many things the protests are out every one the is doing their part and we feel a lot of hope, a lot of encouragement, a lot of determination. i feel people and see people of all races, of all backgrounds. we have fed a number of protesters and will continue to do so. we support these efforts

it's been 50 years and still struggling in the same direction. now there's global participation. there's global desire to see real equality, real change and at a systemic level and i think people are feeling very encouraged and very determined >> that's a message of hope we can use right now. mrs. ali, sage, great to have you. >> thank you so much >> thank you very much nice to be here. thank you. >> as we head toward the end of the hour, we'll check the markets. all the major indices near session highs and yet still down by a percent on the dow and fraction of that on the s&p and nasdaq the nasdaq perhaps getting close to break even, morgan, as we head towards noon. >> absolutely. one name that's bucking the downward trend now is docusign it's up more than 6%

fresh poised the join the nasdaq it's one of those shelter in, covid names. fed chairman on the hill this week we have retail sales to watch for tomorrow in the meantime, let's send it over to scott wapner and the halftime report. all right. thank you so much. welcome to the halftime report good to have you with us our top story this hour, the sell off and your money and why so many on wall street today are saying to buy the dip in stocks. we'll debate whether that is really your best move with our special guest today. the billionaire investor leon cooperman. he joins us in a few moments we begin the debate with our investment committee with me as always it's good to see everybody let'