we will have the latest on that we'll tell you what to buy heading into the final strep of the your palantir just began trading. alex karp will join us in a couple minutes for a first on cnbc interview more "power lunch" starts right now. hi, everyone first two big public debuts. palantir just began trading moments ago, and asana opening up higher as well, plus starbucks higher as counsel upgrades the stocks, saying it's actually a good thing for the company. the chip maker micron is lower

after reporting earnings yesterday. you can see shares taking a hit, down about 6%. brian, over to you the idea if we get a democratic sweep of the white house and congress, fiscal stimulus could be very generous for a very long time also noted the thought we might be getting closer to a new round of coronavirus-related relief, so let's get to ylan mui with the latest on the negotiation. the ylan >> brian, the treasurysecretar is meeting right now with the speaker of the how in person in one last push to try to get a relief deal done before the election democrats are still preparing to bring their own proposal to the house floor. whether or not they actually move forward will depend on the outcomes of the discussions

happening now between mnuchin and pelosi mnuchin is preparing a counter proposal based on the roughly $1.5 trillion framework put out a week ago by the bipartisan problem-solvers caucus after the meeting with nancy pelosi, he'll meet with mitch mcconnell, and later today, mnuchin said by tomorrow it will be clear whether we have a deal or we don't. >> well, i say we're going to give it one more serious try to get this done. i think we're hopeful we can get something done the i think there's a reasonable compromise here >> reporter: the democrats do acknowledge there's big roadblocks, the level of jobless benefits and liability protections, but they also say this is the closest the two sides have come to a deal. back over to you. >> ylan, correct me if i'm wrong, but we had, i guess i could call it a debate last

night. i'm not sure that's the proper term for it. either way, let's not forget we have a fight over the supreme court. how might that, in addition to whatever it was that happened last night could impact these negotiations >> reporter: the political rancor between the two sides is abundantly clear i think the more sort of immediate impact is on the legislative calendar this means the house needs to act this week or potentially early next week in order to give the senate enough time to take this up before they'll well into the supreme court nomination battle i think you're seeing a very compressed time frame here that's why it will be up to the next few hours which way this is going to go. >> all right ylan, thank you very much. see you soon. for more on what's moving the markets higher on this final day of the month and quarter,

we'll go to bob pisani hi, bob. >> a lot of market moving data points, and we have a lot of uncertainly around the election outcome. stimulus uncertainty, as we just ahead, and good news balanced against a lot of layoffs, i think we'll hear more of this, and then hopes for a vaccine right now hopes for a vaccine stimulus is sort of winning out. you see health care up on vaccine and treatment hopes. banks are up because we had a nice move up in interest rates material stocks have been outperformers all throughout the month. tech started strong, fell apart in the middle of the month, and is ending quite strong, still down about 5% on the month if you look at megacaps today, main reason why the mart is moving, you have them moving all at once, they're up about 2% or 3% on the week in addition to what happened. travel and leisure stocks, there's the proxy for the

reopening story. that's a sign the market is more hopeful about reopening. they're all up 1% to 2%, as you can see. i also wanted to note, we're talking about palantir, it was $10. that $7.25 was a reference point, but almost 200 million shares in less than an hour. almost 200 million shares have changed hands. finally closing out a very, very rough september. i think october will be difficult as well. materials and industrials up fractionally technology down 5% that's closing very strong at the end of the month banks and energy have just been underperformers consistently month, quarter and for the year. guys, back to you. >> well, luckily, bob, the 72 days i have september are mercyfully coming to an end. tomorrow is october. >> it does seem endless. >> counting crows have to change

their song "a long september." as bob noted, it's been a tough month for tech in particular what should you be doing, looking, aheading into the fourth quarter all right. we are not, i promise, guys, going to bring politics into this howev however, rachel, does last night impact at all hose you frame your portfolios and investing thesis in the near immediate term >> brian, thanks for having me i think it's nearly impossible not to incorporate into the wall of worry the election uncertainty and the possibilities that stem from that, least of which would be a contested or a longer than

normal period until we find out who the winner of the presidential election is with that backdrop, we again have to be more grounded in the fundamentals that we can examine and look at, as opposed to the policies that may or matt notice about the implemented so we'll fall become and continue to look at -- regardless of what we see in this short term political uncertainty. >> yeah, you know, i guess the one thing, mark we can take a hope out of is we're not seeing this huge flight to safety we're not seeing gold spike today, the investment. x is not soaring in other words, the markets are acting fairly rationally what's your take on the current environment as it affects money, markets and investing? >> well, brian, i think as the other guest mentioned, i think probably warranted a somewhat

cautious approach, if only because of the things standing in the way of the market remain in place that, of course, is an upcoming election, the uncertainly path around the coronavirus, and of course china continues to loom out there with unresolved issues having said that, with he remain quite bullish on the projects for the reasons of the rebound in economic growth and as well another stimulus package, and the fact that's going on in concert with a global impetus behind the scenes around the world. so think that's a setting that's favorable, not only for the economic fundamentals, but the prospects for profit growth, and

as a result we're leaning into a pro-recovery stance with regard to our cyclical and overall asset allocation. >> i think one from those that stand to benefit from what is already maturing at this junction tur basic terms and industrials. the valuations have been long compelling, however, what they were lacked is a yield curve

might actually work, and given that, as well as monies overseas, particularly in the investor -- equities that would benefit from the increase in consumption around resource-related activity also -- should help with the tailwinds. i notice we talk about it all the time it's goods to give you a dime, that's it. the if you were to return to your clients just a one% return.

why own anything other than equities unless you're literally terrified of asteroids, locust, whatever else might be coming. >> when you look strictly at the income, to allocate towards that, but i think bonds at any rate, as any level of income provide balance in a portfolio that said, also you would want to take some of that and look at some other asset classes that could provide ballast, including precious metals as one of them i think along those lines, is enforcing income allocators to look at the equity market and

look for rate companies, strong growth prospects that pay a healthy dividend great conversation there, the power i would say of large numbers, guys, best to you both. thank you for joining us here on "power lunch." brian, thank you very much let's turn to palantir that just made its debut a few moments ago. it was adirect listing, a bit of a different animal. andrew ross sorkin joins us with the company's ceo alex karp. >> thank you for that. we do have alex karp here on a very big day cofounder of the company 17 years ago, alex. it's nice to see you today we've had lots of conversations over the years

this has been probably one of the most highly anticipated offeringings in a long time. almost are year we would talk, i would invariably ask you are you going to go public are you going to list? invariably you wouldn't. so let's start with why now? >> well, first of all, thank you for having me. i would like to thank all those who stuck with us and built this company and our investors. over the years we've been skeptical about listing, and for lots of reasons, we really needed to build or products can enough protection so we would be ready to launch them into the public space we build out pg, which is our government product, our foundry product, built a way to maintain them so we wouldn't have to scale the number of people we have reached a base where our company is significant we believe being in the public space will help with us our

clients, help us grow. quite frankly i believe the people at palantir who build this company deserved access to liquidity. so we decided this would be a great time for us. so far it's an interests prospects and our clients are embracing it i'm very, very grateful. >>ally elects, the single biggest question that epps investors ask is, 17 years in, while you may now have an operating profit, the company still is not profitable. walk us through what the path to profitable looks like? >> we build these products well before people build them, and that takes money we had built this way of going to market, with foundry, which would allow us to literally supply an enterprise with a completely n ll lly new stack os

and maintain them. we grew the company 49% off a $7.43 base, and the divergence in expenses and growth is dramatic we're going to be focused on invigorating or software operating. when you're growing 49% off a $7.40 base, i think that's a strong indication of what the future could hold. we're super-proud of that. i think you're seeing people are looking at the financials. our company has often been viewed as complex, and needing explanation both moral and financial, but it turns out our financials are quite simple, and you look at the growth, and i think that gives investors comfort. it certainly makes me feel that we made the right decision to invest heavily well over a decade in building software the, and you're seeing the results. do you think, though,

profitability is at 2022 proposition? a 2023 proposition can i push you on that >> well, you can push me, but of course my lawyers will shoot me. i can tell you -- what i can tell you is we are very, very focused on building software a long time before other people building it, supplying it. i think that our year -- first half will be reflective of the future if i'm right, that will answer all of your interesting questions. you'll be interviewing me again, maybe not at davos, but virtually, and we'll see how we'll do i'm quite confident we'll do well. one of the order questions people ask is too how to comp your company is it a s.a.s. company or a much more traditional consulting company? can you speak to that? >> i think what investors are

seeing, they're asking the question at this point they used to ask, does it company build software for the government then we saw our margins around 80%. i think the real debate has moved significantly away from is this software or services? another people think we're smart, we're not smart enough to get 80% margins off a services company. the question is how do you comp it i think investors will have to figure that out. we're not focused on that. we're focused on being the most important software company in the world, and people will figure out that value, and we're comfortable with investors toying around with it. we are going to deliver the world's best software with the most efficient way of delivering it investors will decide what that is worth to them, and i think you'll find in a number of years there would be a consensus that palantir is a truly special

software company, arguably the best in the world. as everybody knows you have contracts with various government agencies, obviously, and some of the bluest of the blue-chip companies in america today, but it's a concentrated list of about 125 companies, about 28% comes from the top three. how much of a risk does that pose on one side, but also the opportunity on the other, if we're having a conversation like this in 12 or 24 months? how much do you want that list to increase in side? or do you just want to keep that group effectively, and effectively raise the margin or cost for those clients >> what's interesting about our client list, people ask to which

i respond, these aren't just any institutions, and then roughly figure out if they're using palantir i would say the list of our clirchts is the single-most impressive list that i have ever seen >> well over 90%, what does that mean our existing clients, the most important clients in the world are really happy that's what it means so, of course, we're going to expand those really happy clients. and then we have -- apollo allows us to with essential not growing our palantir force at

all. now that we have apollo, and we can do it without, we're going to see, with the most interesting clients in the world and they clearly like us, some love us, we are going to expand or client base why? with apollo we can deliver the whole tack in six hours. i don't think any other company i've seen in the world can do that we can deal with efficiency i don't know that any other company will do. we can do this with a small number of people sitting in one office we have, maintaining, updating, providing them with new products they build. they don't have the frankenstein monster that takes two years to build and has to be maintained with human hours or by purchasing new product or compensating salespeople or hiring new i.t. people you don't even like talking to you can actually bike one stack. we are going to increase or revenue with current customers,

get new customers, and continue or march. how easy or hard is it -- >> as i mentioned, comes from existing customers customers, obviously if a customer wants to leave, they can they look at there product we supply, they compare it to buying 20 products, paying ongun licensing fees that and is the last thing-- they're not delivering a road map. customers can leave you but they

by in large don't -- and it's not because of my charming personality. awlex. how much of that does pose a risk to a time we have

>> this is super-important, einternally to our government clients. if you're supplying the special forces, those clients have to know they will not be left on the battlefield because silicon valley has decided they don't like the war fighter so, of course, that cost us revenue. we only work in certain countries. we have walked away from work because of human rights issues we disagree with very prominent organizations and we engage in dialogue, but it's the reason why people may consider investing or not we're not going to stand up here and say we're here for everybody, and we're not going to pretend -- we're going to try to avoid jargon. we will actually tell you what we think, not curated by 50 media people it may have to be curated about i a couple lawyers, but one of the unique thing about palantir,

we say things and we actually stick to them. that's not something that everyone likes, but many of our customers do, and by the way, i think that's a reason why 95% of our revenue comes from current customers. when we tell them we are going to deliver, we are going to deliver. >> alex, one of the other questions is, now that you are a public company, as you know, you have three tiers of stock, classes of shares, that is, and to some degree critics have said this is effectively a private company masquerading as a public company. can you speak to the way the shares are structured and how governments and experts should think of that? palantir has been in silicon valley, up until recently for 17 years. in silicon valley, defending the

war fighter, providing troops with technology to allow them to come home is very controversial. i do not believe a company like ours that takes consequence quenchally decisions for government clients and non-government clients could not be run without a tier structure. i understand why should they have a structure like that, what can i do if i don't agree? the primary reason we fought for the f structure, we need to be able to go to our intel and defense clients and say we will not just blow with the wind. those shares, for a company like ours, give us a unique ability to have long-term commit miles an hour to the most important clients in the world, both commercial and government. that's why i believe they're super important. i also again would encourage people, if that's not something you're comfortable with, there are many shares to buy

you should buy palantir shares knowing the shares reflect our views. >> alex, we've often have the conversations in davos where globalization has ruled the roost, but the world seems to be shifting how do you think long term that will affect the business of palantir? >> it will allow a superset who work with subsets. if the world splinters and every country has its own jurisdictions, it would be hard for norm at software companies, because they're not built to do that it will be good for talon tirr

palantir. >> finally, if we have this conversation five years from today, what would be the metrics of success for palantir? >> there was obviously financial metrics, but palantir has recruited and maintained, i believe, the most interesting, most talented, most ethical people i have ever met in five years when we immediate, i think it would be that wasn't you just saying that, it's actually true. the products we'll build will be unique, and they will tilt the course of history in the favor of things that are good and noble, and will not avoid the complexity that's necessary to do that. >> alex karp, we appreciate you joining us on this milestone day for your company, and wish you lots of luck we do look forward to that conversation hopefully sooner

than five years. thank you, alex. kelly, back to you. >> thank you it meant a lot to me, bye. andrew, i did the math at like $11 a share he owns like 33 million shares. he's printing up maybe not $400 million, but maybe $390 million. >> not bad i don't think he'll be a seller, if you listen to his words we'll see. it's a fascinating company as you know, there's been a veil of secrecy around it for so long now it's a public company, and we will be asking lots of questions and continue to. very interesting day for an interesting company. it was great interview. andrew ross sorkin, thank you very much. maybe that's because they don't want anybody else to own it, because they don't want people

to know their client list. disney running at limited capacity in florida. we'll have more on the pandemic lockout fallout. and then it's wheels up. faa administrator steve dixon flying himself the updated 747 max. we'll hear about how that flight went a binag-me stock nasdaq up 145. we're back after this.

welcome back, everybody. i'm sue herera here's your cnbc news update a fourth of american working women are thinking about slowing down their careers or quitting altogether, because of the pandemic many women are citing burnout as the reason. the white house has reportedly overruled the cdc on extending a ban on the cruise industry to february instead they're he going to start sail in september. secretary of state mike pompeo will not be meeting with the pope while he is in rome the vatican has denied his request for an audience with the pope and accused him of trying to drag the catholic church into the election. and in france, a new report 13,000 of new dayses there's a bit of good news, new

deaths fell to 63. you are up to date that's back to you markets are well off their highs. the dow was up about 550 points at the high, down to a bain of 364, again still decent. if you're wondering why we're off those stronger highs, a couple comments in the last few moments may be contributing to it first the moderna chief saying to "the financial times" the vaccine won't be ready for the election and leader mitch mcconnell says republicans are farther apart on the coronavirus relief than perhaps treasury secretary mnuchin implied earlier this morning. we'll monitor both stories for you. in the meantime disney says it would lay off 28,000 workers across several divisions,

placing the blame for some of those job cuts on california for not allowing disneyland to open. our julia boorstin has more. julia? >> reporter: the layoffs will hit thes across hourly, salaries and executive roles as well as part-time workers. they're placing blame on california authorities who have prevermonted the even of disneyland saying the effect of the pandemic on its business has been, quote, exacerbated in california by the state ace unwillingness to lift restrictions that would allow disneyland to reopen we have made the very difficult decision to begin the process of reducing the workforce now, that 28,000, that number of people who are losing their jobs that's 12.5% of the 223,000 employee base that disney reported a year ago.

a quarter of the u.s. parks employees. walt disney world as 77,000 and 32,000 at disneyland before the layoffs. they did say it would not open the parks if it wasn't profitable before reopening, they said it was considering reopening at 20% to 30% capacity. disney shares are down about 14% year to date guys, back over to you >> all right julia, thanks very much. rahel, over to you. thank you, kelly. restaurants have been one of the hardest-hit groups, forcing to adapt to reduce to reduced capacity, but cowen is out with a new note saying that covid is allowing the company to hit the reset button joining us is andrew charles

thanks for being with us today. >> my pleasure. wall street is very bullish on the company what type of reset are you seeing walk us through that >> what you'll see is a nice sales recovery as we have the right drivers in place for the current backdrop what they did about two weeks ago is brought in the access, one of the best in the industry with a pretty robust data set, so you'll see a greater adoption of loyalty s. and that's also going to be enhanced as well by curbside pickup. so you could pull up, order on the app, click the button, they run out to give you your offering and you're under way. it helps to transcend disruptiv routines. >> we had a graphic earlier in the show that said up until about september, they had

returned to the office, l.a. 32%, but it seems like we were still a long way away from sort of return back to full capacity pre-covid. you know, iendr just wonder how much you think covid -- i know people go to starbucks for the fancy drinks, but i would have to imagine a large part of sales are for people stopping in before work, if you're no longer going into the office, do you need to still go to starbucks? >> i'm in my home office right now. you know, i think what happens is obviously you will lose that commuter in the morning. it's important to note that only 15% of the u.s. fleet is in downtown urban areas, so the vast majority are in the suburbs. you know, coffee and morning habits and my routine are morphing a bit we've heard that breakfast is getting later in the morning, so maybe you have a cup of coffee at home, later in the morning when you no ed that break, that

coffee break, it's really late morning that's picked up quite a bit. it's interesting that they kind of morph, just because coffee is so addictive, that habit isn't really gone. >> i thought one thing that was -- and stores and starbucks leaning into digital investments, but also their investments and collaborations with plant-based alternatives, including oatmeal. i've been telling my friends oatmeal milk is the new thing. >> it's awesome. this is an area that starbucks has leaned heavily on. they were early on soy milk, then almond, next up is oat milk, something that's been piloting, they'll expand it more i would expect more innovation on oat milk. so the ability to stay on trend,

you know, is -- >> one of the things i thought was interesting is oat milk makes a better plant-based alternative, because it froths a bit easier we'll leave it there thank you, andrew. brian, over to you i found some oats once, with you i was unable to milk them. i'm not sure where it comes from stocks are higher today on the last day of the month, and the quarter, by the way, thankfully tomorrow is october. we're off our best levels of the session. mostly green today, duke energy the later, my chron the worst as well both of those are your power movers od f t eitmas, but still pretty goorhequy rks. we're back after this. when we started carvana, they told us

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welcome back today we start with duke energy, which could be in the cross harr hairs of a takeover. what could be a roughly $60 billion deal, but new era may

still pursue the merger. here's a done deal british betting firm william hill accepting caesar's takeover offer. micron technology beading estimates, but revenue will be hit by the government as ban on sales to huawei. shares are down 6% all right. brian, thanks. let's flip over to the bond market where rick is tracking the action >> kelly, as we finish up the third quarter there's interesting things going on. you can see we spiked up in yields a bit probably mr. mnuchin, markets love a bit of stimulus we can debate whether it's truly needed we know pain is out there. if you open the chart up for a quarter to date on 30s, what you find is we are basically at the highest levels since the ten if you look at the -- it's still

within the range of the last quarter. tenning finished it up, and that was basically in the range today. it hasn't really gone that far finally if we look at the dollar index versus the s&ps, this is really interest. the dollar is down about 3.5%. the s&ps are up close to, well, 5-plus percent, so it seems odd man out, most of that is europo strength kelly, back to you rick, thank you. new york city restaurants can finally offer indoor dining, but is it already too late has the damage been done that story is next we'll hear from the faa administrator after he finally took the max for a spin. what this means, when "power lunch" returns 20 years ago, i was an hourly

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after being closed for more than six months, indoor dining is once allowed against at new york city restaurants.

let's bring in contessa brewer for more contessa >> reporter: for now it's a beautiful day for outdoor dining, but indoor dining, yes, foodies rejoin restaura restauranteurs, not so much. in here four tables total. at squires diener, the contact tracing plans are in place, but they're not hiring more staff. >> trying to keep costs down right now. >> a lot of restaurants are struggling to pay their rent, struggling to make ends meet. >> reporter: it was the $35,000 a month rent that did in the paris kaveh. it survived 9/is 1, destroyed and rebuilt, it could not survi survive cody seo coyne

and those workers laid off, only a third have been rehired. the city is permitting the outdoor dining to stay up and running, taking up street space through the winter they changed the rules to to allow more propane heegts on the sidewalks. statewide, 65% say they are going to go belly up if they don't get assistance from the government. >> $35,000 rent is a lot to stomach right now. you mentioned propane heaters. there's a shortage of them around here. i don't know if they are propane or not it's hard for restaurants to find the heating devices they need now in order to transition into the colder weather. >> yeah. the restaurant association says they are hard to come by, they are expensive. we checked with the amazon price tracker. the prices are at 33% over last year, if you can get them. just on an anecdotally basis, the most popular models with home depot sold out.

amazon, you might wait a month and a half to get here fall weather arrives before then, kelly. >> yeah, i know. contessa, thanks very much we appreciate it, contessa brewer rahel, over to you. >> thanks, contessa. taking boeing 747 max for a test flight speaking about that trip moments ago, that's coming um. also a very exciting day for us at cnbc. it is the premier of news with shepard smith tonight at 7:00 p.m. eastern don't miss it. in the meantime, we'll be right back that's what my dad does.

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welcome back we are watching stocks, dow up but were up nearly 600 points. republican leader mitch mcconnell saying we are still very, very far apart on another round of potential stimulus. that matters more to any group than the airline stocks. airlines are holding onto hope that a deal would get done for as much as $25 billion in relief american air, jetblue, delta all heading the lows of the day, which is a perfect segwusegue, y to the next segment. >> the faa, a pilot himself took 747 max for a test flight a short time ago and spoke to reporters about it let's bring in phil lebeau with

the details. a lot at stake. >> there is. he's taking questions from reporters. he's doing it remotely he's in a room in seattle at boeing field earlier he inspected 737 mack he took on a two-hour flight test he basically put this plane through the same exact parameters that it went through as part of its process for going through recertification. so the test pilots, whatever they flew, he flew that today. here is a live picture of administrator dixon right now at the boeing field press conference room at boeing field where he is taking questions you can see that everything is socially distant he has a mask on if there's a headline that comes out of it, and there hasn't been one yet, it was that he said i like what i saw on the plane he did not come out and say it's ready to go, we're ready to sign off. where does that leave the max when you look at shares of boeing keep in mind it's been grounded 18 months.

it's possible it could be ungrounded mid to early november, talking to people familiar with the process, that's what they are saying is a possibility. if that happens, then watch the airline stocks, specifically southwest, delta -- i'm sorry, southwest, american, united, they all have the max in their fleet. they have had to ground those planes you're looking at about 70 planes all together between the three of them. not that that's going to do a lot to move the bottom line. certainly they would like to have the packs back in service we could see that, guys, through early next year once the pilots go through their training. >> all right phil lebeau, it's a fantastic story. not sure faa guy, administrator flying their own plane. >> i don't think we have, brian, no you bet. >> yeah, all right well, speaking of boeing shares, they are higher today but it's cold comfort for boeing investors, folks that stock is down 55% the boeing 737 max was grounded

march 13 of 2019 just days after its second fatal crash through it all jeffries maintaining a buy rating on the stock. aerospace and defense, sheila, thank you for joining us listen, here is my issue with 737 max. it's nice it looks like it's closer to getting back in the sky, but do we need it back in the sky? have you been to tulsa airport filled with 737 maxes that are grounded there's demand issues across the airline industry as well i just wonder, even if they approve it, will it actually get put back in the sky because very few people are flying. >> what we've seen so far is doing quite well for instance, taking china as an example, their domestic capacity where a max would be used is town about 10% of covid levels, even less than that, whereas

international traffic is down 90%. so you're not seeing retirements or deferrals as many for a narrow body as we would for wide bodies because we're not seeing trans continental flights going on that helps with your capacity issue. address some of the larger u.s. airlines that are taking these aircraft you know, of the ones we follow, united, american, alaska, ryanair have committed to about 175 of these aircraft in the next 12 months, essentially. there is some level of commitment from the airlines, although the situation seems very dire at the moment. i also think the max getting back into the air is a positive sentiment indicator, a supplier like boeing, spirit but lifts aerospace coverage overall in general. >> so we talk about inventories, and you note there's about 450, perhaps, planes available at inventory, which sounds like a big number but i was surprised by demand. you've got i think 360 next

year, 480 and 480. so if production is reduced, and your demand estimates are correct, we could actually work through that 450 backlog in just a couple of years. >> well, a couple of years is a long time for boeing when we're talking about then, so we don't have them working off that inventory until about the end of 2023 for context, yes, our deliveries in the 350 range for next year a portion of that, only a quarter of that from production. 75% from inventory but compare that to peak, that's 50% off peak levels. so it's completely justifying the demand we've seen so far what it's doing to boeing, it's tying up a lot of working capital, especially on the inventory side some of that will be offset with advances, but the biggest relief for bogeing will be to get rid f

the inventory related to the max, $5 million per year on estimates. >> sheila at jeffries, a pleasure to come on, a big story, important story, and a very important stock thank you. >> thank you >> that does it for us, everybody. that's it for "power lunch" featuring brian andrea hel gre -- and rahel. great to have you on. i'm wilfred frost with sara eisen. a morning slump of futures turned into a sizable rally on the final day of the month and the quarter, though we've come well off of the highs as we head into the close not the end of the quarter, not sure why it says that. the action, treasury secretary steven mnuchin saying he's hopeful about reaching a new stimulus deal with house speaker pelosi but senate majority leader mitch mcconnell s