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tv   The Exchange  CNBC  September 10, 2020 1:00pm-2:00pm EDT

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outreach to citizen. >> congrat to jane. in honor of nfl returning, viacom cbs i bought it in may. >> josh brown, quickly from you. >> verizon, 4% yield, sting long. good stuff thanks, everybody, "the exchange" starts neo the markets are struggling today, but we're down 122 right now on the dow goldman just out with a big call on q3 gdp. plus from walmart to movie theaters to home depot, we're going to talk with the ceo of one of the country's biggest real state landlords. and pumping up profits, all
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ahead of us today, and maybe some pictures of work from home. >> i have a feeling we'll see some of those in the rapid fire segment. as kelly pointed out, we have struggled to find some kind of direction. as you can see here so far, at this moment in time looking at fractional losses for the major indic indices. similar percentage move for th s&p 500. the nasdaq outperforming, only down about 0.25%, about 6% away from their recent record highs the other place we'll look is signs of stress elsy in the market we're not sees as much of them in the market right now. these two etfs call investment grade or high junk bonds as you can see, they've been fairly steady over the past
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couple months, despite the fact we saw a huge pullback in tech stocks we're not seeing it yet. check out these names, the ones that haven't been under stress zoom video, adobe, salesforce, these cloud and software type of names have been among the hardest hit after large runs higher adobe up 1.5% and 1% gain for salesforce these stocks could be some of those indicators whether sentiment shifts back to the negative side. back over to you with the bulls and bearing fighting for control of this market, what should investors do goldman is out just in the past hour with its forecast on q3 gdp. they now seen a 35% rebound. they're 14 points above consensus. joining me to talk about it is
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the chief investment officer at center stone investors, and jim mcdonald at northern trust i think the question shaping up is whether the economic data, if goldman is right are confirming what the stock market has been telling us the past couple months. >> yeah, from the bottom up, anyway, you're starting to see often signs of recovery. the quick mark continues to be what happens in the fall with the potential flu season, but as long as the trend lines are moving in the right direction, we're happy with that. >> happy, but at the same time people will say, well, okay, great, but the stock market will still tell us where we're going from here. there's still a disparity whether you stick with the stay-at-home trade or pivot.
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what would your advice be? >> almost every time the incumbent loses power, the stock market goes down in anticipation of that. so the next -- i think investors are just now starting to pay attention to the he a elects i wouldn't be surprised if there's continued volatility through the election long term, you know, i would be more -- i favor more of the older kind of cash flow generating companies, the tech names have had -- there's kind of an epic bubble there, or whatever you want to call that, but at one point tesla was eight times more highly valued than what my best-case valuation was
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for a years ago, so there was clearly a lot of froth but the froth did not extend into the general market itself the average stock is still -- and center stone where valued investors are increasingly more favors those types of businesses, as long as the long term looks positive, we're can have about the futures, so, you know, if ever there was a time to get an unfavored area, this would be it. you have come out with a bunch of projections about growth, market, you see this 2.6, this middling growth, as we move out past the pandemic. does that support a stock market returns like we have experienced in the past or not >> those are five-year forecasts, kelly we do expect growth to be relatively slow due to global growth restructuring we have a lot of debt
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outstanding, but we do expect inflation to stay relatively low. stock valuationses being on the higher side mean oar likely to get lower returns going forward, so our expectation, which has delivered 6.2% over the last five years is about 3.9 over the next five. one asset class we have raised our forecast for was private equity and reduced our expectation for emerging market equities. >> and we welcome brian rents into the conversation. brian, good to see you you've been warning the last month or two that stocks could get over their skis for a little while. it's a correction that was seen time and again in the last 11
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years of that bull market, and we think that once it runs its course, probably in a month or two, we think that's investable. >> let's dwell on the first part a lot of people would say the correction is down three days. why do you think there's more legs to it >> this run up in stocks over the summer was driven largely by retail a large factor of retail investors buying risky stock options. if we cross below. s&p area, i think they're going to suffer margin calls i think the brokers will say we have to put up more money or we'll close out your option position, more like 2018, and i think that will be investable, but while we're on the downslope, i think people are served waiting for the market to come to them. >> does anybody want to offer a
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counter-view abhay, i'll go back to you >> you know, i guess i don't have much of a view on the short term the one thing i would agree with is this is not a 2008 scenario the other thing that i think is important to understand, the index is not necessarily representative of average stock out there. it did not have a huge run-up after the march decline, and as you all know, much of the run-up has been dominated by a few stocks it's the other 95% of the market around the world, not just in the united states, international markets are really cheap they're going through a revival as we speak. in fact it started last year, and then we had this sort of interruption we're in an
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airplane cruising around 35,000, and despite our experience, we run into a thunderstorm, and of course no one is wearing see belts. the fact is the plane got through the storm and we can already see the end of it. i would separate the next couple months with what looks like really good environment for investing. over the next many years. >> which is basically what brian was saying as well, take this opportunity as an entry point. why are you more cautious on emerging markets in particular over the next couple years >> yeah, we're more carb on the outlook for china we think it's probably good for the current party staying in power, but we
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don't think the valuation case is all that compelling the composition of emerges market indexes isn't as compelling as the u.s. they more in the energy space, so the historical premiums of emerging market stocks have delivered has been 2.4%. we only see that at about 0.6% over the next five years. thank you all today. now, you may remember this moment in april of next year when democratic representative al green of texas put the ceos of seven major banks on the spot about diversity in their company s. >> is your bank likely to have a female or person of color within the next decade? kindly extend a hand into the air. two, three, four, five
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all right. five one of them was michael corbett, and has now lived up to that promise, announcing that jane fraser will take over, the first woman to run a major bank. >> a watershed moment. jane fraser has had an impressively diverse background. she came from mckenzie where she was a partner, previously working at goldman sachs at she's are head of the m & :, and most leslie ceo of the consumer bank. she took it up in october of 2019 when she was also elevated to the title of president. that effectively made her heir
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apparent the timing in part is not so much the covid, with the chance for a new leader to control the strategy changes, of which there could be many as the company emerges from covid she's relatively unknown on wall street, so her first public comments will certainly be closely followed she becomes the first ceo of a major u.s. bank, and a major moment that is for wall street as a whole the fact that her addition to the board today means that 47% are now women, 19%, by the way, are diverse. today six of 16 are female now that's the important point on the diversity background, but i did speak with someone who
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thought it would be amusing to point out she's the first british ceo. >> i hope she goes on "squawk box" when you and joe, just can give everybody a hard time about their accent it would be different and deserves less of a hard time, because she scottish, but there we go. >> even better i have many thoughts on this, which, by the way, my thoughts really go back to a slot of the self-reflection that happened after '07, and '08, and this idea, you know, there some cautionary move? are they going to be able to successfully navigate these changes. and it also goes back to the stock price. citi is at 51. split judgmented, it basically has no budged in a decade, right? since the crisis >> the immediate aftermath of the crisis was a terrible period
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of introspecs for citi immediately after the crisis, it would have declined sharp ly whe corbat took over that would be what you would say is the best part of his tenure, inheriting a bad hand, improving the risk midget, so they no longer failed things like the stress test, giving more cohesion, slimming down and giving some focus. once he did that initial hard work, i would say the hard that perhaps lagged bank -- to their business model, was then grinding higher returns from there. so 6% r.o.e. when he took over, but last year high teens are a reason so if you look at it over his entire tenure, the eight years,
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just behind the kbw bank index, but well behind jpmorgan wilfred frost, appreciate it we'll take a requestic break. realty income port fowl follow who spans all areas of the economy. we'll speak with the ceo about that ahead plus anything but quick. why this motto helped rh blow past earns and soar. and the educational evolution has given one under the radar name a lift. analysts has a 65% ahead of it in fact, the ceo will join us ahead, stay with us. what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders
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businesses are still struggling to reopen six months after covid-19 shut down the economy with the rental properties which span 49 states, puerto rico and the uk, tenants include both essential retailers and those deemed nonessential. joining me is the ceo of realty
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income >> thank you for having me, kelly. i want to provide some context i want to draw a distinction of the type of retail properties we own, which is single tenant net lease properties, which means oar gross margins are almost 100% more importantly the vast majority contains essential retailers that operate with nondiscretiona nondiscretionary our top retail tenants are walgreens, 7-eleven, walmart, and they're holding up well or in some cases experiencing tailwinds. i would suggest or portfolio has performed well given the circumstances. for the month we collected 94% of the contracted rent one part
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that's been impacted is the theater industry >> your stock price here is down about 12% year to date, again not terrible given your exposure could be a lot worse, but what would you tell investors about when you might see a better roi? are there bright spots with 94% of rents paid, do you think we're turning a corner here? >> if you look at the trend lines, and we've been sharing our monthly information starting in april, every month or rent collection numbers have improved this is a testament to the tenants that construct or portfolio, and their businesses have improved. s there was a news that i saw
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earlier today that almost -- the vast majority of the amc theaters will be opened on friday 100 amc theaters have opened that has translated into high rent collection. if you look at our own stock performance and see how we have done, we have traded off quite a bit more, down into the high 50s, and we have started the recoveries process, and so we feel very good that we have turned the corner, the businesses are starting to improve, it's translating into higher rent collections for us, so things are looking up. >> let me ask you if you with shed insight on what's happening across the country, are you ready experting this flight to the suburbs? and do you think it's going to last >> our portfolio, given the nature of our business, our properties tend to not be in dense metropolitan areas like manhattan, so migration to
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suburbs should be a net positive for us people do appear tore prioritizing additional space and spending money on their homes, one of our top tenants. i don't think we subscribed to the notion that dense urban areas are forever changed, but i can speak to what we have seen and nondiscretionary and low price point retail, continue to perform very well. for example, a large portion of our dollar store are probably leased to dollar general located in suburban or rural areas in the southeastern united states, and dollar general has continued to perform wednesday it's a similar story with 7-eleven, a lot of our properties in texas in suburban areas, and they have continued to perform well. while we analyze microtrends, our primary focus is creating a defensive real estate portfolio, that can not only survive, but
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thrive through any economic environment. >> i can tell the thought and deliberations comes across sumar, thank you for joining me. appreciate it. >> thank you very much, kelly. coming up, let the betting begin. football kicks off tonight, and investors are placing bets on who will catch in. plus their products are in your kitchen, your bathroom, and we'll speak with the ceo of aptargroup, coming up. ♪ ♪ ♪
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a check on the markets now a calmer day s&p is down six to 3392, the nasdaq is ekeing out a small gain
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we've got some breaking news out of the washington. let's get right to that with kayla tausche. what's happening >> the senate failed to advance the republicans' targeted covid relief bill in a vote that closed just moments ago there were 52 yeahs, a yeas needed they had hoped to pass it and advance the bill, and at least get approval in the senate and challenge house speaker nancy pelosi to take it up in the house or meeting them at the negotiating table with some sort of compromise. because this did not advance, it essential leaves the ball in the republicans' court to huddle themselves, find something where they can compromise and would have 60 votes to move forward and figure it out from there it also comes ought a time when the treasury secretary expressed pessimism of moving forward, saying they were focused on a clean bill to fund the government beyond september
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30th, so essential putting all the eggs in that basket in lieu of any sort of larger agreement on this relief plan. we'll have more for you as it comes. back to you. >> kayla tausche, thank you. sue herera has our cnbc news update sue? >> thank you very much, kelly. a lot is going on at this hour, the w.h.o.'s chief scientist is calling astrazeneca's delay in the vaccine trial a, quote, wake-up call the w.h.o. hopes that vaccine trial will resume soon, but says it must wait for more info from an independent safety review board. calling it the biggest and i have yates challenge in history, the international air transport association says providing a sing the dose of vaccine to 7.8 billion people will require 8,000 boeing 747s among the other major concerns cited by the iata are the availability of temperature-controlled facilities, trained staff and monitoring capabilities. for the first time since
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1986, sales of vinyl records have surpassed those of cds. consumers spent $232 million on records in the first half of 2020, beating the nearly $130 million spent on cds vinyl sales have been steadily climbing since 2005. don't throw them away. the graves scored 29 runs last night it topped the old mark of 23 runs scored by the milwaukee braves, setting a new franchise and an nl mean-era report. you are up to date kell, back to you. >> thank you, sue. shares of k12 are a leading online education platform, miami-dade is the fourth largest school district in the country still it's enjoying one of the best year on record and wall
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street analysts are bullish on the symptom. it's trading around $30 today. joining me is sean mcgoument. how much being have you picked up >> you know, k12 has been the leader in virtual education for a number of years. this year we'll have about 170,000 students-plus on or platforms, that's about 40% growth over a prior year the covid pandemic has sent more families to kis it, but also sent a number of school districts our way, seeking a solution for literally hundreds of thousands of students that are at home. >> what would you tell investors concerned about this miami decision to end its agreement with it online. >> miami-dade is looking for a covid solution
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it was a complex solution, with a short time frame, which became a herculean task to solve. we weren't ability to meet that complexity in the time we had, but i will say that particular installation won't have an impact on or financial position. i think it was a special project that was more about creating something new and innovative, not about the bottom line. again, no financial impact on the company. by the way, we share superintendent carvalloa's vision it will take time to develop but we have a number of other school relationships that we've had for years and are adding. where do you see online learning going in the next couple years if we all get, you know, a vaccine or a pandemic solution, we can go back to normal is it going to look like it used to look, or is the genie out of the bottle now with online
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learning >> i think online learning is picking up steam, becoming more normal and most school districts around the country will have an online learning solution that essentially ensures against what's happened now with the pandemic so i think it's moving in the direction of more and more normal than not. >> unfortunately there are many people who don't want that to be the cases. i mean, you probably know as well as anybody, it's hard if you're a 7-year-old to sit there and learn in front of the a screen all day. >> it's complex, but it's necessary, you know? i think we have always looked at the virtual environment being one that actually should have some plentied or face-to-face element to make sure that that socialization stays alongside the technology, but what we're finding -- my focus is on
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specifically workforce development, and i see it highlighting much more pandemic-proof training over time ed country sau-- we're preparin on that virtual platforms with skills needed for the modern workplace. we're all working virtually in teams on projects. that's exactly what we're doing within the platform with younger students today these are vital skills that are not just necessary pandemic-wise, but necessary for a future workplace >> we'll see it in school and even in theworkplace, like i sai said shaun, thanks for joining me. the nfl is still the king of
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advertising. a lot of money for a number of stocks is riding on its success. you can always watch or listen to us liveon the go on the cnb app. we're back in a couple
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on-demand glucose monitoring. because they're always on. another life-changing technology from abbott. so you don't wait for life. you live it. welcome back great to see you all let's start with rh, on pace for their best day since march since results beat on the top and bottom line.
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they expanded margins to more than 20% and seen year-over-year demand improve since may how did they operate and achieve such scale >> luxury spending, luxury margins, people spending more time at home it's the perfect set of tailwinds. these preium price products for sure, but they always come with higher margins that's what rh is benefiting from we talked a lot about home depot and the other companies benefiting rh actually says they see the spending on home trends continuing for the rest of the year and into 2021 as well this could be, yes, just the beginning of more stuff down the line, but i wonder if a 20% rise is probably reflecting that. >> julia, i think it will continue into 2021, you can only buy one thing from rh.
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if you want to deck out your house -- we moved three years ago and we're just finishing the dining room. >> well, again you are talking a lot today about people moving to the suburbs, so you have to wonder how much moving is part of that. but my real question is how much of these purchases, especially with a 47% increase in august, how much are a pull forward from purchases that might be happening later next year, because so many people are desperate to make their homes cozy because they're not going anywhere i think it might depend on the strength of the consumer, just as much as the fact people are stuck at home. >> i'm aware of these companies that say this is the new normal. and look, you just got the biggest gift handed to you in a way. should you not expect some kind of hangover. >> that's right, but if you look at what's happening with bed
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bath & beyond or overstock, even those who have gone back to work are still having come off this time when you were looking at your blank walls and going, boy, i hate this place, you know what would make it bert a yeti sheepskin sectional but if you're going to look at the spend, is that going to continue into 2021 or once we get or homes remodel,s we don't have any more money and go back to ramon noodles? it's all this holistic things jim cramer will have an exclusive interview with the rh ceo penn national gaming is getting a nod from wall street,
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initiating coverage of the stock with a buy and target of $80 a share, up 25% from current levels they say they have a chance to gain significant chair in online sports betting because of the -- and the partnership with barstool, shares up about 10% today, contessa. >> what we're seeing is amazing, and it's attention-getting i don't think it's misplaced when you look at what the partnership that barstool brings to the table they've got more than 60 million subscribers so, penn's cost of switching those to game bless will be lower. here you have the analyst bernie mctiernan arguing that content is king and penn is best positioned to drive the growth based on that content because of its partnership with barstool. it's not the only partnership we have seen. draftkings is up more than 300%
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since january, and it and fan duel are sharing the dominant space nation wide, in i-gaming we just heard that from fanduel's ceo yesterday, and caesar just cut the ribbing with the espn studio, the content here -- and the partnerships with sports gambling will be super important moving forward. >> dom, maybe it's just me, but i don't love it. i don't love watching sports and getting bombarded with the betting ads, but i understand i'm in the minority on that. >> here's what i would tell you. i enjoy gambling, but i wonder how big the market can be, the optimism being priced into the stocks reflects the idea you may have to lower the gambling age to, like, 13 to get as many people out this gambling. >> they already have they know how to do it
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it's not just on fantasy let's stick with sports for a second the nfl season issic canning offer tonight there's a lot at stake. julia, how much are we talking here >> we're talking about $4.5 billion for the season, $3 billion in regular season advertising, adding up to $175 million in ads a week for the regular season what is so amazing is every one of the media giants has a lot riding on the super bowl -- i'm sorry, on the nfl season leading up to the super bowl there's just so much at stake here in terms of cbs, which is owned by viacom, espn, which is of course is disney, nbc, and then you also have the nfl network and fox. so all of these companies are really hoping thatted railing lars season happening as planned. kelly, it's not just advertising
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dollars for the games themselves, but these networks are increasingly relying on these games to drive viewers to other programming. remember, a lot of the regular fall shows have been delayed, they haven't been able to produce them because of the shutdown. >> i wonder how many people cut the cord over the summer, and you let the cat out of the bag a bit on twitter, my friend. i saw your hesitation whether you're into it, the chiefs with ma homes, maybe not into it as you might have been? >> whether i was going to invest the time in my draft which happened last night. norm ate i don't autodraft i do a lot of homework i research things, try to put these teams together, but this year i don't know if the season will happen in full and completely do i really want to invest that kind of time that was the drives force behind that tweet, but to julia's point, the biggest issue i have with regard to the advertising picture is whether or not, yes,
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we know people will be watching the nfl, but will advertiser actually be spending that money? we've already heard that many tieser have cut their budgets, so more eyeballs, does it lead to more spending >> quick last word, julia. >> well, dom, i have had heard, we talked to cbs and they said their ad purchases is very much in line with last year, and last year the numbers were huge it's not a lot of other content, and a lot of bulletup anticipation. >> the whole mike santoli, there will be an index fund for fantasy football players this is the year i think be sure to watch the chiefs take on the houston texans tonight as the season kicks off on nbc finally, this has been the talk of the town, a new piece at the "new york times" looks at the rise of corporate parenting perks as their employees
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continue to work from home are the employees without children are saying, what about us contessa, what is fair here? >> one, you have facebook employees complaining even though everybody got their bonuses, no matter how they were performing what is there to complain about? i feel like the people who are complaining on the one hand -- look, this is what i'm dealing with in in the middle of my workday. this was actually a live shot at a up funeral home where i'm trying to talk, and my son is saying, hey, who wants vodka the liquor cabinet is open do these people not realize -- there's the makeup job they did on me. do these people not realize they're lucky to have a job? number one number two, life's not fair. >> dom, i can totally understand it sparking some resentment. i also think there might be something inherently good in that
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i remember when i was a freshman on the lacrosse team and you're like, you have to get all the balls. when you've earned it, the next crop of freshmen, they'll get the balls for you. i know it's not corporate related, but it still is you get a perk for being a parent it's hard. >> i'll take a slightly make darker view. what this whole story tells you, there is a grows disparity between the people who can work from home and get those perks, and the people who actually have to go out of their homes and go into their jobs, whether they're doing something. that's my son jack, who is studying right now with his black-and-white books. my daughter is learning -- she has the play knives, they have don't cut her, bud can cut fruit and she's learning to cook and everything else. >> we're talking in the same company. we're talking about the same company, same situation, but the
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people who are -- see what all the parents get to do, go, i'm not sure that's fair >> if you want to get those perks, just have a family and see what happens. >> julia, last word. >> look, i think everyone just needs to be compassionate and empathetic this is hard for everyone. it's not fun to be spending 24 hours a day with your kids trying to take care of them. i know mine come into the room if my door isn't locked. you can't capture those moments when you're running out the door -- that's me with my son this morning, my very messy desk he walks in with the cat you never know when you're going to have a kid walk through the door it's not relaxing, but it's surprising, even on twitter where there's unlimited paid time off, the employees are still fighting about this.
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so everyone just needs to relax and feel grateful they have any time at all. >> one of our younger people here -- look at all of us going it's hard to -- >> kelly, it makes you think we get to go to the studio every day. i know, people in the neighborhood are very jealous. god bless nbc for keeping us safe thank you all. coming up, it's the company that brought you the upsidedown kept upbottle. it's a key hint, but they can't do it fast enough. the stock is up double digits. the ceo will join us next to talk about all of those trends. happening today at 2:00 p.m. eastern, the inclusion and action forum it's a partnership with the executive leadership council
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the hand pumps used to dispense them most of which come from china. it's led companies to turn to the american firm. the shares are up 30% this month. it's adding up to 20% next year to keep up with demand it's great to have you welcome. >> hi, kelly thanks for having us hope you and your team are doing well >> thank you i recognized a number of your products here. some of which i have in my own house. you are a household name even if
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people haven't heard of you. >> it's not our largest product line clearly mass product production has gone to lower cost country in more premium products and brands, our technology and consumer experience that enables is quite popular as you said, we have been coping with additional demand to make additional invest ments to ramp up hand sanitizer pumps. people get very creative including using traditional beverage closures that dispense hand sanitizers. >> i see sochl tme of the large fragrance customers come to you to make sure they can distribute hand sanitizers that they were making during the pandemic what kind of customer demand like now are people still needing to make
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this product as much as they were six months ago? how long do you expect that to continue >> we have seen demand go up structurally about 20% or so some brands are still hard to get a hold of. if you do a check on the popular online website now, you can get most of these products given the change in consumer behavior, awareness of the risk we see structurally higher demand here. hand cream, hand lotions you have to soothe those hands if you wash them ten times day overall cleaning, disinfecting >> final question to you, why do you think it is, i thought your share price night do better because the pandemic plays have had these huge runs. what do you think accounts for that >> it's a larger company and
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substantial part of our business is in pharma hand pumpbs are not our largest business one of our leader products is pumps. luxury fragrances that were purchased in duty free stores and luxury retail outlets that have been closed >> understood. as some parts of the business are booming there's others that have been hurt by the pandemic thank you for joining us to talk about it so fascinating to hear about it. thank you. >> thanks for having us. vrjts co coming up, take a look a t these pictures this is what the bay area look like as wildfires rage across california we'll bring you the latest, ne xt my name is joe. i'm a sustainability science researcher at amazon. climate change is the fight of our generation. the biggest obstacle right now is that we're running out of time. amazon now has a goal to be net zero carbon by 2040. we don't really know exactly how we are going to get there.
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it's going to be pretty hard. but one way or another we're going to reduce our carbon footprint to net zero. i want my son to know that i tried my hardest to make things better for his generation. ♪ ♪ ♪
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welcome pacback deadly wildfires continue to rage across the west killing eight people already we' we have the latest >> reporter: it's hard to believe it's nearly 11 clo:00 ie morning here what would be a bright sunny sky is filled with smoky clouds. let's look at the shot of the fires from space you can see the smoke cover extends all across the country many california, more than two dozen wildfires have burned more than 2.5 million acres that's a record. 20 times more than the acres burned at this time last year. in the bay area yesterday the fires resulted in a dark orange color sky. images filling up social media the california wildfires have caused eight deaths, destroyed
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3700 structures and prompted pg&e to shut off power to nearly 200,000 residents to prevent more blazes. most homes have the light backseat on. fierps a fires are threatening the communities in washington state and oregon the governor is calling the fire threat unprecedented as investigators look into whether a utilities down power lines are to blame for one of the wildfires. the humidity is supposed to increase i can tell that now. that will he firefighters. it's also cooled off quite a bit this weekend it was in the triple digit >> still it's astonishing after all the wildfire damages that we have seen now this is the one of the worst episodes for oregon and washington state thank you very much. that does it for us here on the exchange don't go anywhere. coming up next hour we'll talk about why tesla could get a boost from a biden presidency.
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the analyst joins us on power lunch. tesla shares up 3% see you on the other side of this break stayitus wh ♪ come on in, we're open. ♪
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all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪
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lower by more than 150 points it was up more than 200 points this morning we'll tell you what's behind the wild moves today a historic announcement from citigroup. the next ceo will be the first female to run one of the big banks on wall street we'll tell you who she is. where she came from, how she got there as she gets set to take the helm early next year tesla climbing back from its deep losses and one top analyst says a

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