v valero also agreed to install pollution controls at its texas facility you are up to date ty, back to you. >>> thank you very much, sue stocks right now at session lows the dow and s&p and -- that would be all three of the major market that we follow, folks there you see them in the red, t the dow down by about 1%, s&p down by more than 1%, the nasdaq composite off. >>> the transports have been outperforming the broader markets over the past three months our next guest is bullish on the group, especially the railroad stocks is all this optimism a good sign for the economy? jason seidel is managing direct o director at cowan. welcome. >> thanks for having me. >> let's start with where we saw. is it trucking first and rails first or vice versa? we started seeing a pick up in the summer we were talking to steve leaseman earlier this hour on how economists are all over the map going into the year. what is the trucking volume telling you? >> you're right. we first started seeing the trucking volumes start edging up in late june and then july was unusually strong it was actually above ju

. >> what are you waiting for eog down 29, valero is down and chevron is down 19 you love these and they konand y continue to kill you giuys. >> absolutely. we think the refiners are well positioned we are anticipating that through next year. >> i don't know if i heard you laughing or not pete but energy has been punching you around >> turn me around too. >> you have chevron. we know what's going on with energy you also have u.p.s. up 50 what's the name that stands out to you are they best or worst if you're making any moves forward i love both draft kings and cr yorks port because bauz ecause of that, i n the name has plenty of upside. i met the ceo at one event >> these guys are outstanding. when you look at what they are in terms of the annual potential of the online betsing world, we're talking about 50 plus billion dollars. it's almost a new 50-week. good stuff we he avpete's latest trades in unusual activitactivity we'll do that next >>> virgin galatic is up >> this one is pretty gr interesting. it's performed nicely. some are expecting a great performance this month they are going

you have hotels like hilton, valero, charles schwab, schwab,i what do you make of the list freeport >> yeah. i think the theme among them that they look like a really dispratt list of companies the theme just as life gets back to normal, their businesses will return to normal and they are underpriced i think as we broaden, the valuation gap narrows. so as that valuation gap narrows, the companies should -- these are the ones that have the most impact and they should start to improve they should just start to resum normal life. one interesting thing is when march and april came, right, all of these facts, all of the financial that's we always depended on to be so true were thrown out the wund yoe. and stories stock surged st but facts and financials will start to matter again and we have seen that happen. i think we'll see that happen more and more as q-3 earnings come the list of stocks own that wall, they're going to be the direct beneficiaries of fact, financials, and dependability just returning to the normal process of investment and analyzing their companies. >> wise, you're buyi

and hal burton, occidental pet troll, valero energy and early in the pandemic, we saw a gap between energy the s&p 500, it's only gotten bigger. it still a trade we're watching. the s&p energy sector is down 50% so far in 2020 back over to you >> dom, thank you very we appreciate it covid-19 infections are rising across the world paris closing bars, madrid starting a partial lockdown and new york city's mayor is trying to target neighborhoods where cases are spiking. is this all the beginning of a second wave? ste steve liesman is looking at that steve? >> reporter: they are trying to figure out how a second wave will affect the u.s. economics oxford economics expects a 15% probability of a renewed outbreak and shutdown from premature easing and a 25% probability of a second wave by itself so it's a 40% chance one way or another, which could lead to renewed shutdowns. but there may not be the political will for widespread government-ordered shutdowns even in new york city mayor bill de blasio tried to hold the line in response to an outbreak, imposing shut downs by zip code. when cases spi