it is activision blizzard. you started it many years ago. we will talk about that in a moment.lk about how covid affected your company. i think most people probably presume that when people would be staying in their homes, that would be great for the video gaming industry because people have lots of time on their hands. did that turn out to be true? abby: of course, this is not good time for anyone. but, what we have seen is a noticeable increase in gameplay. audiencefor 50% of our is female, 50% is male. we have seen across all demographics is increase in play that i think is keeping people more safely at home. david: you said 50-50. i am surprised to hear that. the presumption often is that it is young teenage boys playing video games. is that not the case? bobby: our single biggest community of players is actually 25-49-year-old women who play games like candy crush. ok.d: so, when covid-19 is over, is it your expect tatian that video gaming -- your expectation that video gaming will go down? bobby: it is hard to know. one of the things we have seen, there are a lot of new p

game publisher activision blizzard even beat analyst expectations by more than 50 percent. but these insane numbers don't tell the whole story there are many people in the industry that don't profit at all from. one company that is missing out on the boom is jager the small developer based in berlin has been around for over 20 years and is one of the oldest gaming companies and jerome. currently they're working on an update for their game their cycle it's a space suit of that is free meaning you don't need to buy a 2 player. that itself here all the customization options but you can spend between 10 and a 100 euros to get yourself some new clothes or different looking weapons. for some people the coronavirus time has meant a boom or incredible sales. but with us in our case we aren't really seeing a huge difference in sales but we do notice that we have a lot of new players who just take a look at the game they're looking at it because they have more time. with it or the use of the art of making money with video games has changed and. over the past decades with scoring big

more --here's an a enormous amount of activision going on. being seeing problems dealt with in a way that has been ignored because people are out in the street. it is shameful that our elected officials have ignored this. it is shameful that they want to point fingers at the cops instead of themselves. we have a set of legislative fixes that need to be adopted. they should have happened a long time ago. activism plays his role, everywhere including camden. i don't think it's fair about what happened in camden. was the head of an organization called the police executive research firm. rules about what use of force should look like. a lot of police rebelled at that notion, that they should be restricted in that way. scott came down on the right way to do this. they were already doing some of the training. relies on a lot of surveillance. that is something we care a lot about. be of that should democratically authorized. that is essential. i'm not backing away from that. host: willie is in jacksonville. tell us your story. you have some experien

the makers of activision blizzard popular polyp gt videogame is holding off on new content.ny said in a twitter post that now is not the time in the wake of violent protests across the u.s.. the games are based on first person shooters. deltas try to avoid having to lay off pilots. it is negotiating with the union after determining it as 2300 more of them then it needs. the union says it has discussed a voluntary exit options with delta. the airline has drastically reduced its schedule because of weak demand in the midst of the coronavirus pandemic. the number of background checks for gun buyers in the u.s. soared to 75% in may. it is attributed to what they purchases and uncertainty of coronavirus. unrelated stocks rallied -- gun related stocks rallied. that is your bloomberg business flash. tom? francine? tom: thank you. shifting and we are focused on the news nationwide at political unrest. kevin cirilli to join us in the next hour. at the data goes the other way. futures of 20, make it 19. dow futures up 1.75. let me give you those levels. 3000 74 the standard & poor's 5

whether it's activision with their games, whether it's the msci you need, spotify, shopify. are companies. 80% of our business is invested in companies that are growth companies. 20% or so, that's the area that got hurt that's the area that i think is going to take two or three years to get back to where they were in november -- in february of this past year so two or three years to recover and they're selling maybe half price, maybe down 30, 40%. that's where you're going to get in the next three or four years. you get back to where you were the other growth companies, they'll keep growing they'll get back to where they were that's the big opportunity in the short term is investing in some of those companies that have been hurt the other side is keeping those investments and growth companies that may be a little bit high right now, maybe they're not, they are going to be the opportunity in the future. tesla, that's going to be 2 or 3,000 in five years and multiple of that over the next five years. >> ron, want to thank you so much for your time it's really good talking to y

setting my position because i believe it has a lot to do with coming out, what do you think of activision>> of acti vision? >> caller: yes >> no, take two has more upside, didn't have a good quarter last time and new nfl product and nba2k, do that, 11 years old, it's okay. pivot and go for take two. i don't have to just agree but i love 11-year-olds. that's some of my biggest fan base, because you should see out of the 11-year-olds now in their 20s and in robinhood and whamming and jamming and trading, whiting petroleum and hertz and everything, royal caribbean, whatever. listen guys, even though i love royal caribbean and by the way, mr. del rio knows that, and i was going to take the del rio cruise, didn't happen because of covid. it's all about the power of faang and friends. these high-quality names are up huge from the markets lows and solid long-term investments. on "mad money" tonight the summer of the rv even trump is thinking about traveling from d.c. to new york in one, airstream, what do you think? how is the company like thor industries performing, estimated increases, great q

really translated into record numbers for many of the publishers we've seen record engagement for activisionn. what we think happens is after the economy starts to open up, it's only logical that people have less time to spend playing video games. the shutdown brought in a lot of new gamers and people that gave up gaming in the past into the fold i think they'll continue to play games even for less time after the world opens back up. >> and you argue that some of the stocks should have a software as a service type of valuation, the likes of log me in or workday or slack why is that? and if we were to extrapolate and put that valuation on the stocks, how much higher could they go? >> that's right. if you look at the way that gaming's business has really evolved, they would send them $60 piece of software every two years. they would buy the new one and that was the end of the relationship until the next call of duty. and now what the world looks like is call of duty has seasons. every season new content is introduced into the game and gamers have the ability to buy battle passes which give the

just want to alert some lines we are seeing on the terminal with videogame maker activision blizzarde release of its new game in the call of duty series, saying, the reason is, now is not the time. not sure if that is related to the protests we are seeing, but they are delaying the release of this new title. while we all look forward to playing the new seasons of -- we will take a look at the board. their share offering said to be over subscribed. after they got this a second listing in hong kong, looks like we are seeing demand. it will be a big boost for the hang seng market. that share offering said to be oversubscribed. they should be listing june 11. let's get the first word headlines. okpular chinese video app tikt lack lives matter and george floyd was listed with zero views. they said they were censoring black voices. they said it was a display -- glitch. they said black lives matter has generated more than 2 billion views. china is said to have told a major state run company to close purchases of u.s. farm goods as tensions with washington escalate. we are told costco and an

that is activision, that his work him about his participation. activism, that is participation.o the pati we all have a role to play. we have to be practical in the short-term and visionary in the long-term. with that, i will be quiet. more old need to hear head stuff. but i wanted to say appreciate all of you, and michael, i am assuming the conversation will be -- michael: let me think written a for the masterful moderation and hard work on display. i am going to turn it over to nicole fields, who will take some questions from the community. not everyone watching has an opportunity to ask questions. but if you are in the community, you do. we will get you out of here by 6:30, everyone. we have been on a while, but we will send resources afterward and we also want to continue the conversation. nicole, let me bring you want to field those questions. nicole: thank you. powerful conversations and great questions. if we don't get to your question, don't worry. we will continue the conversation in our google group. a question from one of our young peo

as for ron barron, jim, he did say he still owns vale, owns hyatt, added to activision and schwab teslahe said if he could he'd like to get some money so he could buy more. >> i would like to be able to get more money to buy more tesla, actually. i thought we would make 20 times our money in tesla, so far we've made four times and now i think we're going to make double or triple again over the next five years and double and trim over the next five years. i think there's ten times more to go in tesla before i have to think about this if we're right. >> so, jim, you're talking about this education process, this teething process for new investors, what are they supposed to think when they hear that >> i know they have to look back and see the things he was saying early on, about how right he was. do i think he's irresponsible to say it the way he did? i wish he had been less -- i wish he had been more tempered because now what will happen is there will be people who do buy it and it will go down 100 and they will hate ron and they will hate us and then ron will say i told them they should

biggest gainers on the s&p, reassertion of the stay at home trade take-twontacve ierti, color rocks, activisionthe most. don't go anywhere. this is decision tech. find a stock based 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. >>> two staples stocks could be the best place to hide out in a art.tile mke find out on trading nation more "squawk on the street" coming up. can i find an investment firm with a truly long-term view that's been through multiple market cycles for over 85 years? with capital group, i can. talk to your financial professional or consultant for investment risks and information. >>> losing momentum in the markets. we were up almost 800 points on the dow, now up 400. cutting the gains in half. top stocks on robin hood, fan favorites like tesla, apple and nikola getting crushed in the app on yesterday's selloff we look at the biggest winners and losers in the retail space >> bullish robin hood investors have been on a streak. they picked stocks with so

brand-new consoles from microsoft and sony out this year for the first time in seven years so we like activisionzinga, take two, things that have done well during this crisis as people stay at home and play video games. i've got two teenagers back from college, that's what they like to do, but that's something that's going to continue to accelerate i think going forward. i think e-commerce was doing well before the virus, accelerated during the virus, i think that's still going to do well going forward as the viruses are kicking up again so we're staying with those, but we have, you know, cut back a lot of our big winners and we have bought over the last several months names that we thought would recover and we've added some new names to the portfolio as well. automotive is one area where sales -- auto sales in china, believe it or not, were up in may year offer year for the first time since june of 2018. so we're adding sectors, things related to copper as well and so we're kind of doing that, but we're also reshorting a lot of the names that have doubled off the bottom, what we like to call th

more --here's an a enormous amount of activision going on. seeing problems dealt with in a way that has been ignored because people are out in the street. it is shameful that our elected officials have ignored this. it is shameful that they want to point fingers at the cops instead of themselves. we have a set of legislative fixes that need to be adopted. they should have happened a long time ago. activism plays his role, everywhere including camden. i don't think it's fair about what happened in camden. was the head of an organization called the police executive research firm. rules about what use of force should look like. a lot of police rebelled at that notion, that they should be restricted in that way. scott came down on the right way to do this. they were already doing some of the training. relies on a lot of surveillance. that is something we care a lot about. be of that should democratically authorized. that is essential. i'm not backing away from that. host: willie is in jacksonville. tell us your story. you have some experience wit

so it's worth more than activision blizzard, it's bigger than ebay, bigger than electronic arts. by the way, just in five months' time. they went also from ten million daily meeting participants to 300 million. the point is, can they continue this type of growth and some say no, because if you look at the stock, it's priced at 80 times sales, price to sales and only one stock in history has really done that successfully and that's a company called amazon. some are just taking money off the table because it's been priced in how much growth this company has seen. now, as for peloton, i was looking at the numbers and subscribers went up almost 94% from a year ago in the year's first quarter as people are stuck at home, they have no place to go to work out except on their bike. will this continue as you see people are a little skeptical but still, pretty good growth rates and it's really put them on the map. peloton is being called the netflix of the workout world. one more stock for you, slack. it was a pretty good report card they put in last week but it wasn't great enough. that's