having worked for citi and surviving throat cancer from 9/11 and working for jpmorgan and now at fiserv, you are more than just a business ceo to us. you are a real leader. thanks, frank. good to see you. >> thank you, liz. liz: any time. any time. be well. closing bell is in 18 minutes. you have seen a little bit of erosion with all three major indices. the nasdaq had been up about 176 at the high. it's up 40. now the dow which had been up 711 is up 561. partially on that moderna news that just broke where the vaccine that they are in trials for, one person had an adverse reaction. that stock is down about 16%. we are following it. the floor of the new york stock exchange, remember we opened the top of the show with this, it is open for business, but charlie gasparino up next, has a full list of wall street's pretty much biggest names who refuse to sign a specific waiver that would have opened the door to the floor for them. what they don't like about it, next. >>> be sure to tune into the fox business america works together virtual town hall. stuart varney is hosting the next one. the

the president and ceo of fiserv.gratulations. >> good to talk to you always, jim, thank you. >> bank with frank it's pretty simple "mad money" is back after the break. ♪ ♪ [ engines revving ] ♪ ♪ it's amazing to see them in the wild like th-- shhh. for those who were born to ride, there's progressive. >>> it is time for the likening round. buy, buy, buy, sell, sell, sell. and then the lightening round is over are you ready ski daddy. time for the lightning round let's start with joe in texas, joe? >> caller: hey, mr. chill. thanks for taking my call. >> of course >> caller: so, with the hydro n hydrogen, economy, that's what my question is based on. i feel like the future can be very bright for hhydrogen. >> i agree i agree. go ahead i didn't mean to interrupt which stock? >> caller: yeah, so with all the acquisitions this company made, you know, tmy question is on plg power. >> plug power. >> caller: being ripped from not making profits but i'm fully -- >> i like those two acquisitions but i was hoping you would tal

to the milwaukee bucks, who play their regular season games at the fiserv forum. they lead what is now clearly a spreading movement. they were the first team to officially boycott their game yesterday. joining us in a fox business exclusive is the ceo and president, frank bisignano. welcome. by the way, yes, we have heard about the national hockey league. as soon as we get that information or anything on the red sox we will let our viewers know. that said, what is your reaction, as both the ceo of the company whose name is on the bucks' arena and as a business leader? what's your reaction to what began with the bucks but is now a force in the sports world pushing for social justice? >> well, you know, we have a great relationship with the bucks and from ownership to leadership, that partnership's strong. we are led by our values and they are aligned with the bucks. we denounce any form of racism and discrimination. so you know, we see this as a time to bring people together and you know, we have a lot of programs to support and we are doing it both with our client

the ceo, incoming of fiserv. we'll be right back.with us. on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. maria: welcome back. good monday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is monday, may 11, your top stories right now, 7:33 a.m. on the east coast. futures indicating a triple digit decline, dow industrials down 156 points, the nasdaq down 28 and s&p 500 lower by 19 points. we're expecting a weaker opening this morning as we kick off a new week. but last week was strong, a strong rally on friday secured a winning week for u.s. markets. take a look at the major indices, dow industrial up 2 and-a-half percent on the s&p up 3 and-a-half percent on the week. the dow, nasdaq and s&p 500 are now up, get this, better than 30% from the lows, those lows were hit in late march. global markets this morning taking a cue from wall street, it is red across the board in europe. the euro

. >> okay, you sold fiserv >> the reason for selling fiserv, it very competitive in that core banking. and also we started looking at the debt load and we weren't really satisfied with the debt load they're care erying debt to tot capit capit capital.39 and they're doing a lot of acquisitions. we purchased westrock. we're looking at onger-term plays. think about it, we've been doing a lot of delivery, food delivery and pick up. if you think about that box, that container, that's a recyclable container westrock is a global leader in producing those packaging. so at a $10 billion market capitalization, jim mentioned something earlier, could this be a teakeover turn >> e-mail us at askhalftime@cnbc.com we're back in just two minutes when i was in high school, this was the theater i came to quite often. ♪ the support we've had over the last few months has been amazing. i have a soft spot for local places. it's not just a work environment. everyone here is family. gonna go ahead and support him, get my hair cut, leave a big tip. if we focus on our local communities, we can find a way to ge

fiserv up 7%. global payments up 13%. financial fintechs tied into online purchases such as square and paypal, they are taking a leg lower right now. you've got square and paypal very much related to the struggling names today as well and that would be the online names. if the cloud payment names are struggling, stands to reason we would see e-commerce leaders from wayfair to amazon to overstock moving lower. wayfair down 20%. overstock down 19%. as you can see, amazon down just 3.5%. amazon's not going to suffer either way. cheryl casone, let's talk about some other stay and work at home laggards. there are quite a few having a tough day. cheryl: that's right. i'm here with the not so fun task frankly of showing you stocks that are not winners during the session. thanks a lot. let's start with zoom. the stay-at-home video conferencing winner is down almost 16%. it's one of the biggest losers in all of this right now as you see the broader market taking off. one headline today said zoom stocks plummet as vaccine news rais

we were talking, sean, and we were talking, you know, we are all covering the great news about the fiservaccine, and even the enthusiasm, the sudden optimism of dr. fauci. when did the ceo of pfizer know that their test had come back 90% effective? don't tell me that it was just, you know, when he announced it. he had to know two weeks ago. >> sean: geraldo -- >> he had to know in october. >> sean: these trials, they started at the end of july and in early august. if they weren't successful, they would have been stopped. if people were dying, if they weren't creating antibodies, they've known through september that what they saw in phase two trial was what was happening now. or else they would have stopped it. they didn't. so we already knew the answer. that's a great point. did you talk to the president about that? >> i did, indeed. let me just make one more point, as a reporter, the pfizer ceo saying that pfizer's vaccine was not part of operation warp speed. everyone could've checked that, instantly, back in the summer, in july, i think it was, the federal government announced they wer

i love the upside potential for paypal, square, fiserv, so many of them.put out a buy on many of these names this morning. david, i see a revolution in banking and finance. i see a lot of money raised in silicon valley for all of this. those are the hot stocks, today the worst performer, financials? what is it with wall street saying financials over and over again when it is clear there is a revolution in this industry like every other industry? i think investors should piggyback off of it? >> you know. i've been one of those voices, charles, saying banks are just too cheap to ignore. i guess for myself the message from the market is that the baton is passing. jpmorgan, goldman, bank of america, maybe these are not the companies that are not, are going to lead us out of this. they're not going away. they're asset heavy industries. they're heavily regulated. a lot of credit risk. maybe the biggest thing weighing on banks is commercial real estate that will not come back soon. the stay at home dynamic will love long beyond this because it is productive. i'm

one of them happened to be with syncny financial, same thing with fiserv and more exciting was our entrying cibc with their check business and opening the door to so much more. >> one of the companies that we know you're affiliated with that we have been proud of since it's been $8 a share is sales force you were out at dream force. what kind of partnership is that, how is it producing revenue? >> you know, we announced our relationship with them today, and we are reselling the sales force essential product to our customers. to give you per speckive of the -- perspective of the sense of scale, our business promotes, 4,000 financial institutions and hundreds of the largest global brands by bringing the sales force essentially tools to our customers, we add another product to our arsenal to help our customers succeed over their entire life cycle, whether they needed corporation services, whether they want to manage their business for faster growth, we have a solution and many steps along the way, and the sales force relationship is one more piece of that, an important part of our overall s

goldman sachs told their investors to by fintech, that process payment the like visa, mastercard and fiservmaybe we should look away from traditional banks, shah? >> i don't think so. i think banks are looking very good down here. jpmorgan chase numbers were very impressive today given the environment. wells fargo got hammered for the right reasons. if you look at jpmorgan chase with their fortress balance sheet, they provisioned an additional 8 1/2 billion dollars. i think their capital, their loan loss provisions for credit losses now amount to $10.47 billion. they have a lot of cushion in there. i think the stock has done very well. there is a lot of upside potential for jpmorgan. i also like wells fargo on a contrarian basis. i think the banks are starting to look very cheap down here. charles: i hope so, my friend. alicia you know you say the next 12 months could be seeing more consolidation choppy with upside bias. wish we had more time. both fantastic stuff as we make our way to what is becoming a more volatile market. >>> meanwhile joe biden revealing the second part of his economic

milwaukee bucks mvp center is donating $100,000 to workers at fiserv forum in milwaukee.he cat was covering my microphone, i had one more thing to say. >> i will be brief, this cat hates jesse. it will eat jesse. people on social media are encouraging everybody to decorate their homes with christmas lights. there you go, lift people's spirits. >> set your dvrs, never miss an episode of "the five." "special report" is up next. what do you think of this cat? >> i hope jasper the dog is not watching. thank you, dana. good evening i am bret baier. breaking tonight, president trump says he hopes americans can return to their homes and lives very soon. he said most people infected are getting better. we have new information tonight about potential treatments for covid-19. we will talk live with the president's coronavirus response coordinator a bit later. dr. deborah birx says of all the americans who have taken the test so far, only ten to 11% art showing positive results for the virus. more americans being tested, the infection numbers are soaring as expected. more than 11,00

the venue, originally the fiserv forum, home to milwaukee's n.b.a.eam with capacity for 18,000 people, was changed to the smaller wisconsin center, that can house up to 4,000 people. instead of one city hosting the entire event, the convention will now be anchored from milwaukee...with curated content from other cities. as for the headliners, they'll be virtual too. years past, the party's presumptive nominee delivering an acceptance speech before roaring crowds has been a signature convention moment. >> hillary! hillary! hillary! >> nawaz: this year, former vice president joe biden will deliver his remarks from his home state of delaware on the final night of the convention. in fact, all speakers, incding his running mate, california senator kamala harris, and other key figures in the democratic party, will be delivering speeches remotely. >> we cast 47 votes for the next president of the united states >> nawaz: even the roll call vote... a hallmark moment featuring each state declaring its delegate count, will be done virtually with input from each

in assets under management the premarket leaders in the nasdaq 100, let's take a look, ill lumina, fiservou might say against the paper dollar. that's why i bought gold. it's not for my insurance but it's for my daughters and the grandchildren's insurance that i felt like that generational aspect of passing down gold is securing them a future. of course nothing is without risk and that being said, i feel that by diversifying with precious metals that i'm covering my basis. it's a hard asset, you can turn it back into cash whereas keeping a lot of cash in your bank account, can really almost end up being nothing. you have these dollars over here, sitting in a bank drawing, practically zero interest. i mean, you have to keep cash but you don't have to keep everything in cash and you don't have to put everything in the stock market. you don't have to put it all in a bond market. you do a little bit of everything. and then you sleep at night no worry about it. in fact, i sleep better with gold than i do with the stock market because it's tangible, it's there. - if you've bought gold in the pa