right now, so we should be all in it. >> and bryn? >> small cap factor etf with the industrials and the consumer discretionary and way to play. >> and jenny and shannon quick. >> fortress transportation and infrastructure and 4.2% yield. >> shannon >> anet. >> that is fun. the exchange is now. >> thanks, scott, i'm jon fortt and this is what is ahead. an attack on the microsoft software attributed to china has the administration scrambling for a response we will speak to the company who discovered the flaw about what the next step should be. and also, john temper is getting bearish, and does that meaning that rising rates could be a threat and is it time to say good-bye to the hot stocks and hel flo t

the legacy ones? we go to dom chu. >> well, is apple one of those we are near the session highs and up 600 for the dow industrials and 32,000 at this point for the s&p up about 0.7 of 1%, and the nasdaq is continuing the trend in technology stocks underperforming about 2/3 of 1% there, and the reason of the apple and the new versus the old, and looking at apple shares are down almost 3% in trading today despite the move up in the dow. apple is a dow component and large component of the s&p and the biggest one, and the nasdaq 100 as well, and the year-to-date decline of 11% for apple shares and one of the biggest drags anded the otherwise up day, and old tech or new tech, and that is something playing out there. and so also, the transportation stocks is carrying the momentum

to the upside. and again, a gold star here for the record high in trading so far today foo day for the openi the companies that transport the goods and services that we expect with the transport. and then just when you thought that it was over and gamestop, and yes, that one, gme, and up 45% right now, and why do you ask? because earlier today, the company announced that the current board member, and chewy co-founder, and investor ryan cohen is going to lead an initiative of this board to transform it into ecommerce company to be a is a catalyst to get it going up. and $480 stock intraday, and once again, i will send it over to you. >> dom, thank you. >> back over to the bullish comments from david tepper to drive the action. he said to drive the surging

bond yields to stabilize and stocks to move higher from here with the 10-year climbing to 1.6 today, and should the investors put the fears aside and gearing up for the bulls to charge for more, welcome in chris grasante the chief investment strategist, and melda manageren the head of equities at thread needle investments. and melda, what do you do here with the big richly valued stocks that seem to be more at risk from the rising yields, but also making up a pretty heavy weight in the s&p? >> yes, there is definitely a portion of the market where the valuations are stretched and we are very careful with those. these are the high multiple stocks and especially that they don't have the earnings and supported by the low interest rates and that cohort is a big

area of focus for us, and we are generally underweighting the stocks, and we don't extend that to the market, and they are still in the growth universe and justifying the multiples because of the earnings potentials and invest in the secular winners. >> and chris, what do you do if you are a retail investor, longer term, who has a bunch of money in the index funds as many do, because that is what they are telling the retail investors to do and you are going to experience some turbulence in those because of the heavy weighting of the stocks that we are not hearing to avoid >> well, jon, thank you for having me, and second, it is important for the retail investors to take a deep breath and stick to the plan, but also to recognize that we have entered a new, and in is, i am calling this last week in the market, the first post-covid

market that we have had. for the first time looking ahead to the vaccinated world, and things are growing much faster, so you no longer need the security of the certain earnings winner like facebook and apple, and having said that, i think that the rotation has gone a little bit too far. so before you panic, take a look at the earnings, and they will come through. >> and melda, one of the ways that we won't be post covid is having to deal with the fallout of all of the spending occurring in the period to try to drive the economy out of this. and what is the impact going to be whether it's higher taxes, cuts to spending, efforts, further efforts to drive the growth if it is possible -- all of the above >> well, there is definitely pent-up demand, and the spending is going to be strong in the next 9 to 12 months. the taxes especially if the tax reform comes up on the high end

of the income is going to be a negative for the market, but we generally expect the spending to go on with the fiscal stimulus package coming through, and especially in the areas where the consumer has been really quiet with travel and entertainment. so that is going to stay strong in our opinion in the next 9 to 12 months. >> so, chris, we are seeing disney surging today, and that one of the hottest components of the dow. is it time to really look at the reopening trade even more closely, and who benefits there or no? >> definitely, jon. and i think that disney is the perfect poster boy or girl for what's, what we are looking at ahead, which is that we would love to have the high quality stocks that are also economically sensitive. the markets anticipated this, so they are picked over now, but i would look in the travel area, and entertainment area, and comcast is a hidden play like that, because they have the theme parks and things like that, but i would say again the

last week has given us opportunities in what i call the rotation victims, and you know, the facebook, the paypal, and the home depot left behind, and those are the just as tempting right now, because they have been, and they are relative valuations are as attractive as they have been in the last year. >> and comcast is the parent company of this network. and melda, you think that the small caps have a particular potential here >> yes. small caps usually really benefit from the domestic economy growing, and it is not going to be an exception this time around and the value as we discussed is a cyclical rotation and will benefit the small cap value, and the mid cap value, too, and the mid-cap affected to most people's surprise with the global economy, too, and expecting the global economy to start improving from here, and they have another support point.

>> melda mergen and chris are gr -- chris grisanti, thank you. and now, we have more on the vaccine with eylan nui with more than that. >> it is estimated to be the 10.3% of the gdp which is the highest ever. some of this red ink is going to be with us for a long while, and looking back to the great depression topping out at the great depression in world war ii and set to blow past that by 2031, and if nothing changes, it is going to keep going up until the debt is doubling the economy in 2051, and keep in mind this is all before you factor in the additional 1.9 trillion from the

current covid relief package, and add it in, as well as the likely extension of the tax cuts and the fact that spending is going to grow with inflationa and projections for the size of the debt jump to 259% of the gdp over the next generation, and these numbers are starting to weigh on the lawmakers and not just republicans, but moderate democrats who have successfully lobbied to scale back this package and this is going to factor in what is going to happen with this covid relief bill and how big it is. jon, back to you. >> that is like scaling back on eating back after you took on a trillion dollar mortgage. this morning there was an interesting note from peter buyers that it is hard for the fed to taper here from the massive amount of the treasury supply to pay for the spending. so it is in the past, the battle of cutting the spending and raising taxes and fueling growth to solve this, so are we now in

the position that it is in the all of the above >> well, jon, the point of getting the diet coke along with the big mac, and the super sized meal is a good one. the problem in washington is that the policy prescription would be to cut the spending and raise new revenue, but the fact of the matter is that lawmakers want to talk about one side of the ledger or another, and we are in the environment where there is control of washington by one party, right, and they can push through the type of legislation that they want to see. they don't necessarily need pay fors in washington speak to go along with the spending that they are proposiproposing. now, there is some discussion among the moderates of ways to offset part of the package, but certainly, the democrats are not looking to offset the entire cost of next big legislative package likely to be infrastructure, and there is likely to be revenue raisers such as increases in the corporate tax rate, and there is a much bigger appetite for

leaving with larger amounts of debt than there used to be, and the pandemic period showed the democrats that you can do it for now without the fears of inflation heating up. >> what does joe manchin want? that is the question ylan mui. >> and now, coming up a new cyber breach of microsoft has been linked to china we will speak to the company who discovered the breach ahead. and the number of women in the workforce saw a huge decline in the pandemic, and we will look at the numbers and what to do to fix it as the economy is looking to achieve a new normal. now, the dow 30 heat map, and we are at the session highs up 600 points. disney, cisco, visa leading. we will back with "the exchange" in two.

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staggering 1 million more women have lost employment than men and more troubling is that women in the main working years have left the labor force at twice the rate of men. joining us now with the details of that report is sarah house senior economist for wells fargo securities, and sarah, great to have you, and so many factors at play here, starting with, and it does not have to start with this, but it does for me, the burden of family care has fallen disproportionately for women, and the school buildings are not open, and the older parents needing care, and child care unpredictable, and just how much of the impact can you tell is that factor? >> that is the primary factor in this downturn, and industries have been playing a role to some extent, but when you are looking at it, and look at what has happened to the labor force participation in particular, you can see the burden of child care and broader family care to your

point about the elderly parents, that is going to fall disproportionately on women as well, and so it is covid for men with children, it is going to be 0.6 of a percentage point, but for women with children, it is a decline of 2.4 percentage point, and that is going to underscore the disproportionate role that those families have taken on in covid. >> and this not a niche story here, because the u.s. economic growth for the last economic years has been women participating so much more in the past, and we are talking about now about all of the spending that we are embarking on to get out of the pandemic, and the need for growth and new revenue has to come from the women participating, right >> absolutely. so this is a story about how do we grow the economy on a long-term sustainable basis. so we are going to see the strongest growth in roughly a generation this year, and so

much of that is on the backs of the fiscal stimulus and not on a long-term sustainable path. in order to get the economy growing more than the anemic 2% rate that we have been experiencing over the past decade, we need stronger productivity growth, and stronger labor force participation. women's labor force participation had recovered prior to the covid downturn of the great recession where men's had not, so women were driving the turnaround and had been a hugs fe s force of the labor foe upturn and that stands to be dented by the discouragement and the repercussions when it is coming from taking time out of the labor force and going back to work. so there is a long-term penalty of taking time out of the workforce which could dent women's return to the labor mark. >> so based on that little bit of the odd question maybe, are

child care and perhaps more uniform and understandable standards for schools, you know, building quality, and pushing back against the teachers unions sometimes saying that we are not going to come to work infrastructure, because without those, it seems that mostly women because of the way that our culture is at this point at least are not going to be able to have a reliable path back into the workforce >> i think that the child care and the educational systems make it hard for households to have two full-time working parents. so that isusually going to mea that the women tend to take a more back seat of the careers for who is working part-time or having to work at a job that is offering more flexible hours is going to play into that, and so much has to do with the school holidays or hour, and we don't have a system to help support early childhood education, so as a result, we have expensive child care options so that can make it very difficult for a

household to have two full-time working parents where it is not affordable, and the education system plays a role, and covid is shining a light on how difficult it is going to be to have two full-time working parents. >> and the market is betting on a strong and enduring rebound, and we have to figure out this stuff. sarah house, thank you. coming up, what is old is new again at least when it is coming to tech stock, and the old legacy names are dominating the games this year, and while the shiny new ones are falling flat. why is that? can it last? and the u.s. hit a daily record for covid vaccinations this year, and one trend that may owerge is that people are not shing up for second dose we have that story next.

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checking the markets, the dow is hitting a all new high intraday high. and checking the sectors, the dow and industrials are higher and tech is the only sector low. bank stocks are rallying on the back of the rallying rates, and the reopening trade back in action today with cruise lines and casinos and restaurant stocks getting a boost, and speaking of the reopening, looking at the big lots and bed, bath & beyond and foot looker up

with big lots up big, a lot, almost 10%, once again, and now to rahel solomon for the intraday. >> thank you, jon. there is uncertainty today over when jury section is going to begin with the trial of derek chauvin, but it is on hold until tomorrow, and this is a mid court appeals. and now joe biden's olek shun appeals are over. the judge refused to hear the case. and now, there were 13

million viewers for the meghan markle and prince harry interview with oprah. prime minister boris johnson is mostly keeping his opinions to himself. >> i have always had the highest admiration to the queen and the unifying role that she plays in our country and across the commonwealth, and as for the rest of all other matters to do with the royal family, vi spent a long time now not commenting on the royal family matters, and i don't intend to depart from that today. but john, as you know, lots of social media buzz with oprah as a interviewer saying that oprah is our queen. so lots more to come there,

john i will send it to you. >> and oprah has been distinguishing herself as an interviewer for a long time, rahel, thank you. and now, there is vaccines on trial to get a vaccine by may, but if you live abroad, that is not the same story. meg tirrell joins me. >> if other countries don't get access to the vaccine, it could prolong the pandemic. here in the u.s., we should have enough vaccine for every american adult by the the end of may which is 500 million doses from pfizer, moderna and johnson & johnson, and to put it in comparison, the covax organization that is helping to get vaccines to lower and mid-income vaccines will have half that many doses to distribute from astrazeneca to 104 countries in that time period. according to duke university, about 16% of the world's

countries have acquired half of the world's vaccines versus the lower and middle, and that is a major difference here. we are hearing from the experts warning that the variants pose more of a risk here, because as they continue to circulate around the globe if those populations are not vaccinated the risk of new variants spreading to new countries getting vaccinated gets higher, and economist analyst says that some countries may not have the majority of the population having access to 20203, and so the risk could continue to persist. one suggestion is that as the rich countries have overpurchased the vaccines they could give the extra to covax or other nations who need the vaccines. sot more calls for ek with ti not just because it is the right thing to do but enlightened

self-interest. >> meg, i remember several months ago of talk of not prioritizing of giving people the second dose in orderer to get enough people vaccinated overall, but now the concern seems to have shifted that people who are up for their second dose, and the doses that are there for them are not take it. what is going on >> this is a hugely hot topic. especially as the u.k. has spread out the doses in order to give the first dose to more people. here in united states, public health officials are saying that, no, you need the second dose of the moderna or the pfizer vaccine on time three or four weeks and not after six weeks. so we have heard from a number of states and a certain number of people who have not come back for the follow-up dose, and this is a concern in terms of being considered fully vaccinated, and we got the cdc guidance of what to do if you are fully vaccinate and you are only going to get there if you are getting both doses from the moderna and

astrazeneca dose. >> yes, and my parents just got both of theirs, so please get your second dose, people. and while many americans are not vaccinated, but some are undervaccinated, got the first shot and did not return for the second. mike dowling is ceo of norwell health who has given the first vaccination in the u.s. in december and 3,500 of the people are now more than 142 days late for the second dose. michael, thank you for being with us. what is the reason that you are getting if you have any sense of this for why people are not coming for the second dose as it concerns, you know, especially with the moderna and the side effects and people feeling bad after the second one >> well, it is a combination of all of those. you can't just pick one thing, and say that is it. but i also think that we have to be careful about what we say in the press, because over the last couple of week, there have been stories about how, you know, the one dose vaccine is going to be

good enough and some people are saying that the one dose is sufficient, so maybe i don't have to go back to get the second one. so there is so much information out there, and sometimes we report on a lot of information without having the definitive answer on these things so that is the reason, and also why people get busy and forget. people decide, well, the first is good enough so i don't need to get the second. so what we are doing is to reach out to all of the people, and 3% of the people that we have given the vaccination to who have not come back for the second dose, and that is almost 3,000 people, and we are reaching out to all of them, and making direct contact, and just to convince them that it is important for them to come back to get the second dose. it is an ongoing process, and that is going to continue. >> now, some stories also about the efficacy of one dose to encourage people that there is some protection, and i guess that is a concern at this point,

because if you get too many people who only got the one dose, they could become asymptomatic spreaders and then we are in a difficult position that you really do need to get the second dose if you got the first. >> yes, you have to get the second dose. we strongly urge that everybody does. remember, that 97% of the people that we actually have vaccinated have come back for the second dose, so while you have 3,000 people, and relatively small percentage, but yes, the second dose is important, and we have to listen to science here, and make sure that we do everything possible to get as many people as vaccinated as possible. one other thing that i mentioned the j&j vaccine that just came out, and we did the first one in long island there with the j&j vaccination is one dose, so maybe when people know that there is a one dose vaccine out there, and we are just getting the supply, that is going to solve some of the problem, that more and more people will get

the j&j vaccine. >> yes, how much of this is the people's fear of the needles, and in for one, but maybe not the other, and j&j might as you mention address that. >> yes, and also, i know that the minority populations and the black populations and the inner city populations are the ones that we have to focus on, and use people who have already been vaccinated that are minority individuals who are out there advocating in their communities that getting the vaccine is very important. we are doing an equity task force from people with all of the local communities to try to educate people, and educate people that doing this is what will protect you from getting sick, and protect you from being hospitalized and it is unbelievably important so that right now, we can win against this virus over time. >> absolutely, and that why i said my parents got the second dose over the weekend, and my mom told me yesterday that they

are feeling great. thank you to dowling there. ahead, china-linked cyber attack is hitting thousands of microsoft customers, government officials and schools. how did this go undetected for weeks? how will the administration respond? and the street is initiating on the bumble stock with nine calls. we will break it down what they are saying with the stock down are saying with the stock down 26% from theidelity -- because when it's decision time, you need decision tech. only from fidelity. ♪♪ sglifrmgts do you stay down? or do you get up? [announcer] and this fight is a long way from over,

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cybersecurity stocks are in scrutiny today because of a cyber hack. what do you know, eamon javers. >> yes, it is linked to a state-sponsored entity linked to microsoft exchange software. the idea that if the chinese can get into the exchange software they can read a company's email. the alleged hack was described

stealthy, but then when it went into last week, it was very stealthy or noisy and aggressive. so then the question was how do you get the chinese out of your systems if you believe they are in the system. so the u.s. government is warning companies to apply the patch, and make sure they check the systems to make sure that the chinese are out of there. and john, we have a key guest there as the attackers are piling into the same attack last week. we are learning more and more about how widespread this is, and i want to bring in steven adair, the president of valexity who first spotted the attack, and the threat for microsoft to respond to the attack and alerting microsoft as to what going on. steven, tell me what happened in the wild in the first place and when you first spotted it. >> yes, thank you for having me.

the team here at valexity saw it in first january and we saw what you alluded to a stealthy cyber operation against two of our clients. we found it in late january and we have been able to track it back to starting as early as january 3 d, and kind of what we saw was email was being stolen from the organizations, and something that was quite under radar, and in the sense that it would not trigger security alarm bells or virus software bells in that it was not raising any alerts, but when the team dug in, we found, hey, they are exploiting a bug in microsoft exchange, the software that organizations and businesses are using to run and host their own email, and using it to steal email is where it started off. we got that reported to microsoft, and collaborating with them, and as you mentioned, the things changed a little bit over a week ago from the

stealthy attacks that we saw to being more, you know, indiscriminate and widespread and noisy. >> well, let me ask you this, because microsoft is the obvious target here, because the products are ubiquitous throughout corporate america, and individual homes throughout the country and around the world, and if you are microsoft, you know that you will have incoming cyber attacks, and what did microsoft did wrong here so that it was so widespread as fast as it did >> well, i mean, when you are a company the size of microsoft, and you are running the different software packages whether it is something that you host or the microsoft office suite and other thing, that i have a giant surface area, and hundreds of thousands of engineers that are working, and obviously, nobody wants a bug that can be remotely exploited or taken advantage of, and so it is hard to say what did they do wrong, and i don't want to point finger, because it happens, and this is going to have major impacts and it is not a consolation that has occurred,

but from the sense of having an entire team dedicated to taking in, you know, ind sind rare reports and response and they take it seriously, i think that sometimes the patch or the solution is not necessarily, you know, ahead of the vulnerability being exploited more widely, so in the sense, i am not here to critique them, but that is where it lands. >> this is jon fortt, and so thank you for being with us, and why are the hackers noisy and why not stay stealthy, and possible to look for people to do something that worsens the impact of this attack, because they are scrambling now that they realize that they have been infil infiltrated? >> and so that is from one that was reading email to a catastrophe and whether it is

defense contractors or ministries in foreign countries or the mom and pop companies that are using sever, but not stolen, but ways to get into the networks to kind of do all kinds of things, and so this is real bad, and why would that change it is a good question. so, if the attackers somehow thought that the patch was coming or they caught win of it somehow, it is absolutely a reason that the change in pace could occur, and so i know that if the trick i have is going to end, i need to go do something to make the end of it, and that is potential reason. >> expected closing time. so the first thing that i saw when i saw the headline is unusual overlap in the victims of the solarwinds hack and the victims here, and are they at all connect tord organization in a particularly tenuous position if they were hit by both >> that is a great question, and we don't see the specific overlap, because one is, and i

believe that the u.s. government is going to attribute solarwinds to rush sharks and this is believed to be china, and we don't believe any cooperation or data passed be e tween the two, but the biggest or hardest would be the organizations that ran solarwinds orion or microsoft exchange could run a double whammy here, but the overlap there isn't, but the security industry and folks in the i.t. industry they are reeling, because these is two massive vulnerabilities and exploits that have been realized to do damage in a short period of time. >> steven, it is eamon again, and you are talking about the scale of this, and how people are reeling from it, and the question is what comes next, right? so you know that the chinese have been in the servers now, and stealing document, but we have not seen them start to exploit that yet, and that might take some time, and so when will we have a the damage to the companies as a result of all of

this lost intellectual property or lost trade secrets or lost classified information when it is stolen and starts to show up in the real world and impact companies? >> yeah, a great question. so the earlier on in what we saw was targeted to steal email, so we they that this type of espionage operations, they don't see the light of day of something that manifests of the technology that is stolen and potentially, but some of the communications can give people insight of what they are thinking or doing, and that is the type of thing that i don't know if you will have a definitive way to manifest itself. so the bigger fear in, you know, of forensics doing the response in companies, but this could turn to ransomware and other things that is outside of the espionage realm, and not just in the potential chinese-affiliated hacker, but it is now

potentially in the hands of anybody who has proof of concept code and can exploit it. so we are afraid of the damaging ransomware attack which does not downplay the espionage risks for the companies targeted well before a week ago, but i don't know if we will see it come to light of day, but espionage of these different attacks is something that vole, the ity has been dealing with for a long time, but it is fitting into the playbooks of these groups for what they do. >> yes, the spies can be sneaky. steven adair, thank you for joining us on cnbc, and appreciate the time, and keep in touch and let us know what is happening next. and jon, going back to you, the thought from steven that is important and we are hearing from the security experts is the gentleman's agreement is that to steal information and spy on each other, but not the disrupt things in the real world, and that gentleman's agreement seems to be holding loosely, and the

question is which country is going to be the first one to break it and start to disrupt things in the real world and that is one of the big fears of people in this space. >> you know what they say about honor among thieves. eamon, thank you. the tech trade turning on its head in 2021, and slowing down while more traditional companies are picking up speed. looking at the mystery chart, and this stock is up 25% so far this year. we will reveal the name, and whether that divide is getting wider next. and check out the russell 1000 etf hitting a all-time high. looking at some of the leaders in the etf, mcafee, jetblue, and cf industries. we will be right back. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee...

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stocks while old tech hp, enterprise and dell are shaping up. deirdre bosa has a look at what gives? >> well, what is old is new again, jon, and the merging divide is playing out again in today's action. and the hottest names of 2020 are under pressure while the old guard continues to move higher. now it is the faster growing generation tech, and think ai, and fintech, and others like on prem software and hardware and i.t. infrastructure, and the first group was last year's darlings, but they are getting hammered in the tech route as the valuations are looking pricey and risky in a bond yield rising environment. and snowflake, and lemonade and shopify are some of the names down between 15 and more than 40% over the last month alone, and meanwhile, there is a great chip revival happening, oracle,

dell, hp, and they are some of the outperformers and even ibm that has seen years of declining revenue has fared better than others. and their valuations have of course not run up in the fomo rally, but they are expected to benefit with the spending picking up. so the key question, are these names secular long term bets or trading oopportunities for this year, and this year only some analysts believe that faang is the sweet spot with apple, facebook, and they are trading more reasonable multiples, and they are hitting on some of the next gen technology that is expected to be here for a long time like cloud and ai, jon. >> we talked old, deirdre, and now talking new and sticking with the tech, and bumble is all of the buzz on wall street with the stock getting initiations from nine firms. >> thank you. >> the firm consensus is mixed with the neutrals and no sells

so far. goldman sachs is most bearish with the 46 target, and with a 46 movement lower here, and believing that the price opportunities for bumble are priced in, and yet on the other hand, there is geoffreys with a new queen bee saying it is just scratching the surface of a new buying opportunity. and now, remember, that stephanie herd is the youngest female to take a company to trade, and remember, since then, the shares are down at a 28% from the all-tie high since going public, and the stock has not been able to string together a positive week, and if it is able to string together another back-to-back positive trading day, but it did open far higher than expected. still ahead, airline stocks are flying high today as more than 59 million americans have gotten at least one covid vaccine and

states are lifting restrictions. up next, the ceo of enterprise holdings, krissy taylor wofhat the return to travel means. "the exchange" returns in a moment to talk about those have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your style. ♪♪

welcome back travel is on its way back as more people are getting vacc vaccinated, and as phil le broke reported, airlines are responding to the surge. seats are up 30% in may, 36 in june, 31% in july. that rebound in flying also means an increase in car rentals, joining me now is chrissy taylor, ceo of enterprise holdings, which hold car rental companies good afternoon first of all, i really wonder what impact you're seeing in customer behavior from covid i know until there's herd immunity, i'm less likely to use an uber or lyft when i travel and more likely to just rent my own car. >> we definitely have seen an impact from covid. airports are down, but the road

trip is alive and well, so many consumers and businesses, the car has become the go-to mode of transportation we're really taking advantage of that opportunity with the breadth and depth of our global network and also or home city location so people feel safe in a vehicle. they can control their environment, so let people drive. it's really been a nice up tick for us throughout the pandemic. have you been able to use this period over this year to use technology and retool your operations has your efficiency got higher and in what ways >> absolutely. during the pandemic using technology, the low touch to ultimately no-touch rental experience has become very important. the customer wants control so you probably heard this a lot, about using digital properties so we've been able to have customers check in online so they're ready to go when they

come to our rental location and we can get them to the vehicle the health and safety obviously has been elevated. we have overhauled all our cleaning processes with the complete clean pledge and also a partnership with clorox that has been very, very successful while the pandemic has been going on, a lot of things and a lot of innovation will stick around with us for the long term, which is great for the consumer. >> tell us about this $100 gift card initiative that you have, given to employees to help local restaurants, not chains. why do it? what's the feedback? >> it's been awesome employee appreciation day was friday we've been watching the stories unfold over the weekend. it was a small way for us to say thank you to all of our 80,000 employees, both full time and part time. we gave them $100 to spent in their local communities with restaurants and establishments that were small and hit hard by

the pandemic it was a thank you to our employees, but a way to give because back to our communities in another industry that was heart hit. the response has been overwhelming i've had hundreds of e-mails on friday we want we were all virtually close to tears it's something positive in a time when there's a lot of negativity out there if you didn't know, enterprise was founded by my grandfather. just as a one store in st. louis. so we understand, and all of our employees understand the vision, the passion and the hustle behind every single local business we wanted to reach out and support them. >> i did not know that, that it was founded by your grandfather. great to know. quickly, if you can, any follow-on benefits or reactions you expect to see from local businesses using enterprise? >> we want to give back to our local communities. so when everyone is ready to

travel, just know that enterprise is there for you. we are ready with a safe and well-maintained vehicle. we want to be part of the community and make sure we're helping solve problems for everyone. >> definitely want to see people pay that forward chrissy taylor, ceo of intersurprise holdings, thank you. >> thank you well, that will do it for "the exchange. the dow still quite a bit higher we've been watching that all hour long, and "power lunch" will have much more on today's big rally, plus a conversation with a ceo about getting more women into the market. much more after of break

good afternoon, everyone welcome to "power lunch" for a monday the dow surging 500 points, hitting a record high following friday's rebound rally, but the nasdaq is still lacking. it's down about 1.5%, near the lows of the session. we're going to look at the great division of what's going on with the industrials and nasdaq the big cyberattac