with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. >>> welcome to "power lunch. the s&p 500 just a couple of points away right now from its record high as jobless claims fall below a million for the first time since the start of the coronavirus pandemic can the market rally really keep going without stimulus from the government the talks right now on ice and we'll hear what leadership from both sides of the aisle is saying >>> without that stimulus money, major cities in the united states are kind of stuck between a rock and a hard place and a new report lays out how bad things could get "power lunch" starts right now >> it does welcome the "power lunch." tech continues power ahead with the nasdaq leading the way near its record high which it hit on august 7th one tech stock not joining the party. that would be cisco having its worst day since 2011 even though the s&p isn't there yet, it's pretty close but not there yet. check out the names hitting record highs tyler, back to you >>> the stimulus stalemate in washingto

with adyen, the payments platform that delivers convenience for all. adyen. business.ies. coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions. touchdown! only mahomes. expect anything different? the big events are back and xfinity is your home for the return of live sports. >>> welcome back to the halftime report the traders are answering your questions. let's go to jim first. for jim from john in belgium going international. what do you think about boeing's future >> yeah, i still think the future is bright at this point all of disaster priced into the commercial aerospace side of it you have a great defense business with call option on the commercial air space side. frankly, the 737 max is starting to pick up steam they are getting some flight test done with the european union and canada maybe that call option is worth something. i'm staying long, boeing >> next up, steve. you bought brookfield renewable partners, any promise in solar for long >> even tho

with adyen, the payments platform that delivers convenience for all. adyen. business. boundaries. >>> we're back and bob pisani has our etf edge today hey, bob. >> hello there, scott. gold prices are pulling back from their record highs today as the dollar strengthens but the year's bull run for gold is undeniable, up more than 30% gold etfs are following suit how much more is there left for gold at this point let's talk about it with bob lighten, yuan vanek. gdx up 52% so far this year. you did a paper last week arguing gold could go from 1900 to $3,000. you mentioned gold as a deflation hedge. why have you become so bullish on gold so suddenly? >> well, basically i became really bullish last summer where gold broke out of its six-year sort of sideways market and then the other technical confirmation happened when it went to all time highs a month or so do, went through the $1800 an ounce and then the $1921 level they have the fundamental support, very low interest rates from the fed, historically low rates and if you look at prior cycles we are not trying to make it

with adyen, the payments platform that delivers convenience for all. adyen. business.oundaries. >>> a possible sign of hope for the movie industry as "tenant" opens internationingally >> can the tenant will be in 41 international markets. industry watchers are reassured this is the biggest ever opener. this release schedule is a marathon, shot a sprint. it is scheduled to open in the u.s. this weekend. tenet performed particularly well on imax screens fewer than 250 screens that is by far the biggest late box office week for imax proving demand for the new experience. new mutants was at the lower end of expectations dragged down by bad critic reviews they estimate that 60% of theaters in north america were open and they're operating with capacity restraints. one sign of the changes box office, orion pixtures, bill and ted fashi ted face the music, that is notable but you can also rent it for $20 or buy it for $25. despite the option of watching from home, even with the threat of covid, some people would rather watch from a theater. david, back over to you. >>> let's ge

with adyen, the payments platform that delivers convenience for all. adyen. business.s. >>> it is one of the rocket ipo's, pricing at 18, we have the ceo having joined us on squawk earlier thank you for coming back. >> we're programmed to expect debuts to have a blistering hot opening day. >> i'm excited about where we have come from as you know for us, this is more about the future and as the guys say putting the puck on the ice. i feel great about where we're at so describe what the puck brings us is it more about dijtyization? >> yeah, the consolidation has not happened in the mortgage space until we got involved. we moved 5% down to 9% market share. and the scaleable nature of our platform, the partnerships that we're establishing we're seeing that now years like this when we're so profitable, we may be able to offer dividends here >> hi, jay it is gies to see you again. first i have to say skate to where the puck is going. i'll let that slide for now. and i just had to point that out. >> okay, good, for the record. getting that cleared up. what does it take to get

with adyen, the payments platform that delivers convenience for all. adyen. business.trades degas, you're up first. >> yeah, so we purchased thermofisher we looked at return on assets, beating surprises, earnings, revenue, also forecasts are doing well valuation is fairly priced we really like the stock, and social media really likes the stock also this is one of our buys. >> good having you again on the show. >> thank you. >> carrie? >> first republic it's our favorite/only bank stock it has the san francisco base, covid resistant and great strength in the housing mortgages, mortgages and refinancing. >> jon in a jair jan in. >> builder first supply, a lot of call activity i ball it during the show. >> quickly, josh brown, to you. >> i added some mover this week. >> good stuff. thanks, everybody. thanks for watching as well. "the exchange" begins now. thank you, scott in this hour i'm tyler mathisen in for kelly for those still under employed, more stimulus can't come soon enough what if it never comes we'll look at the potential fallout for the consumer and the marke

with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. >>> welcome back long time no see, for real >> long time no see. a record jumping covid-19 deaths for florida. the state now reporting 277 new deaths today this brings state's total to nearly 8700 including non-residents. hospital admissions and confirmed cases are up >>> the top opposition candidate has fled to lithuania. just released a video urging her supporters to end their protest and did apologize to them for leaving the country. more than 2,000 demonstrators were detained on monday evening and overnight. it turned day into night no casualties have been reported but residents are being advised to wear masks and stay more than two miles away from the volcano. you're up to date. >>> i mentioned unusual activity the jon spotting some today. the stock is down 70% this year. >> melco seeing some upside speculation yesterday. that mgm pop was pretty nice this one is tied to mccow and we're seeing big buying in this name they were aggressively buying the september 22 c

with adyen, the payments platform that delivers convenience for all. adyen. business.aries. >>> welcome back, everybody. teva says they will vigorously defend themselves in a lawsuit filed by the government accusing the company of medicare fraud. they paid two foundations to cover the medicare co-payment for some patients using their drug they say that shielded them from big price increases and boosted sales. >>> dramatic video as police aboard a suspicious troller and find a billion dollars worth of cocaine. they say it is the biggest seizure of the drug since 2017 >>> in japan using art to encourage social distancing. they hope people in the spoking area outside of a tokyo railway station will avoid standing on the art work on the ground and put space in between them. "squawk alley" will be back in a minute henry... virtual wallet® is so much more than a checking account. easily see what's free to spend. and put money aside for your next big purchase... like a trainer for henry. stop it. carl, do you have those figures? yeah. henry sit! ...it's carl. virtual wallet®

with adyen, the payments platform that delivers convenience for all. adyen. business.ies. >>> the nhl returning to action over weekend for the first time since the pandemic halted sports in mid-march the league resuming play in two hub cities in canada with 24 teams making the cut in a modified post-season set up. joining us is commissioner of the nhl. good to see you. >> good to be with you thanks for having me >> you have these two hubs, kind of twin bubbles. maybe it's described as a mini olympic village, kind of self-contained did they operate as you expected >> the players have now been in the hubs for more than a week. they have been set up well and there's plenty to do and plenty of ice for skating and practices and the games themselves the players feel safe there. obviously, we went to two places where covid-19 wads at a relatively low point in places in north america we felt it was important to get the players in a situation focus on their held and well being obviously, we want the keep them safe >> no fans in person have there been any -- what's the positive

with adyen, the payments platform that delivers convenience for all. adyen. business.oundaries. >>> our next guest is seeing a significant increase in requests from companies seeking support for their employees mental health since the pandemic started. joining us is the co-founder and ceo of head space, richard pearson. tell us about the growth of your corporate business you start out as a consumer app. now you have this booming corporate business how has that been going since covid started? >> i think what we seen since the pandemic started is something we thought might take three years to reach the market. we thought the mental health was going to become more and more important in corporate settings. i think where mental health was a conversation in 10% of boardrooms, i think it's happening in every single boardroom now. we have seen tremendous growth all of our incoming requests with up about 500% we now have over 1100 enterprise clients on our platform for the likes of ge, adobe, starbucks, farmers insurance. folks that you probably expect and some names that you p

with adyen, the payments platform that delivers convenience for all. adyen. business. boundaries. >>> nba players meeting to discuss the future of the season chris kelly joining us now appreciate your time on such a fast moving story, thank you >> really good to be here. >> your thoughts on last night and next steps what do you think the owner response will be today >> i think our response was very positive and understanding, i think the calls for social change that but have been working on them quite actively the bucks ownership and ownership around the league responded quickly last night saying we're supportive of this movement and this understanding that things have to change faster than they are right now the players are meeting to talk about how that means about going on with the season we're ready to do more >> the collective action is driven, it's not a classic labor dispute where they're looking for remedies for ownership they're looking for remedies for attorney's general and societies at large what needs to happen to identify the players when it is largely ou

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. >>> welcome back, everybody. i'm sue herera michelle obama will be a highlighted speaker tonight as the curtained national democratic convention gets under way using video remotes. bernie sanders will also speak cnbc will live stream that beginning at 9:00 p.m. eastern time tonight >>> an emergency declaration for id signed for iowa where a storm blew through causing a lot of damage >>> and the president of portugal helped rescue two girls where their kayak turned over. he is often seen at the beach near his home and he is known to be a strong swimmer thank goodness he was there. we'll be back in a minute. >> let's get to the ylan mui >> the democrats are holding a conference call right now to talk about coming back to washington at the end of the week they want to vote on a bill that would reverse the recent cuts and restore the level of service that would be coming at the beginning of the year. they're also calling on the postmaster to testify on a hearing. it is not j

with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. welcome to camp tonsafun on xfinity! it's summer camp, but in your living room. learn how to draw with a minions expert... how to build an indoor obstacle course! plus... whatever she's doing. and me, jade catta-preta. the host of e's the soup! camp tonsafun. it's like summer camp, but minus the poison ivy. unless you own poison ivy. in which case, why? just say "summer camp" into your xfinity voice remote to join. >>> welcome back, college students would norally have to worry about getting good grades and keeping off the freshman 15 but there year brings a whole new set of challenges. colleges around the country are rethinking their fall semester plans with more and more opting for online only. is there a way for college campuses to keep functioning during the pandemic? it's great to have you here. welcome. >> thank you for having me >> is it possible for colleges to stay open even with an out yn break of covid cases >> well, testing is really the guide for this to ha

with adyen, the payments platform that delivers convenience for all. adyen. business.nusual activity for me what do you got? >> i got slack, scott. woork, josh has talked about this one a lot today we see the 14th of august expiration, 30 strike calls, being bought almost with a ban d -- abandon, scott they bought it early and have kept at it throughout the session today, now it's up over 30,000 contracts i'll probably be in these about a week second trade, scott, stm micro saw a swiss-based semiconductor play this one is all the way out in october, however they're buying the october 30 calls in this one for about $1.80 with the stock just under $30 a share, so both of these two stocks right around that level. i'll be in these probably about a month, scott >> good stuff. megan, why don't you start us off with final trades today. >> great we recently added a position to gold it's had a phenomenal run, yes, but with yields, ten-year, at essentially half a percent, the opportunity for owning gold is very low and it offers an attractive optionalty optionale against a risk-

with adyen, the payments platform that delivers convenience for all. adyen. business.we're back >>. >> warren buffet said his company has established a 5% in trading. let's talk about this with todd rosenbloom head of etf unusual fund research. the largest japan etf, that's ewj has significant exposure to all five of these companies that buffet is investing in but out flows have been happening for a while. >> we think it will. it's a nice tell the japanese market has been undervalued. we've seen dxj a billion dollar of out flows. some of this money is going into the beta builders. it's a cheaper version of those two products we do think that there's an undervalued opportunity in some of these japanese etfs you get the benefits of diversification. >> jay, you have got a very interesting etf. it's doing terrific this year. the row botsices and artifici-4t are japanese stocks. japan remains robotics >> i think that's right. >> there's this large but stagnant it's pocket of opportunities they have been very much at the cutting edge withering towels at our hoe it wills -- h

with adyen, the payments platform that delivers convenience for all. adyen. business. the dow is still higher. the markets have turned around the s&p 500, nasdaq, russell 2000, certainly something to watch. it's time for our futures outlook. crude oil in the red despite hurricane laura making landfall, or maybe because of it, as a cat 4 storm. joining us is jeff killberg. you'll see demoon fall faster than production? >> let me lay out the trade before i give you three compelling reasons why i want to be a buyer of crude oil. the october futures, i'm -- i'm putting that stop just $1.25 lower. let me talk about the three reasons why i see crude oil going higher certainly it's the u.s. sdwlar, that weakness, despite the fact it's above 93, the u.s. dollar is weak. the product cut, we talk so much about demand, we have to talk about supply at some point in the wake of hurricane laura, is it going to be more damage? potentially, but else opec-plus talked about they'll be more compliant, or at least they'll try, about this supply surf. curve. that's why crude oil is going h

with adyen, the payments platform that delivers convenience for all. adyen. business.me back beer stocks are jumping on a pickup in demand since the covid-19 lockdowns sam could go even higher joining us on the kcnbc news lie is vivien azer she raised the price on sam to $1,000 a share how much of this is on hard seltzer? >> good to be with you a good chunk of it it's a combination of hard seltzer and more efficients on advertising spending hard seltzer specifically. >> so explain how that gets the valuation in boston beer up to $1,000 a share >> certainly historically, boston beer company spent 30% of revenues on advertising and promotional expense. if you benchmark that to some of the key competitors like the miller-coors business or the constellation beer business. they're spending three times as peers. what we saw isadvertising and promotional expense fell dramatic will toy 22.2% of sales. that was down over 700 basis points and that's a record low for the company. and what the cfo is they said advertising spending in absolute dollars going forward as opposed to a

with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. >>> welcome back let's get the headlines. >> a warning from russia from the trump administration a senior official says moscow must respect the sovereignty of neighboring belarus. hundreds of thousands of people are taking to streets against demonstrations of what many are called the rig re-election of its awe tor tear yan leader. >>> new york state will allow gyms to reopen at 33% capacity and masks will be mandatory. less than 1% of covid tests in new york are coming back positive >>> jason wright is the first black team president in nfl history. he will be leading the business operations of the washington football team. wright says finding a new name wi

with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. >>> welcome back uber trading lower today after reporting a wider than expected loss one bright spot though, surge in deliveries here is what uber ceo said about the potential for deliveries offsetting weakness in ride sharing to cnbc earlier today. >> they are not just going to be about delivering food but about delivering grocery, convenience, pharmacy as well we think there's a huge market anything that you want from your local business or from your local market sent to your home inside of 30 minutes that's an enormous minute. >> lyft reports earnings next wednesday. let's bring in the trading nation panel to discuss. >> i think it will be a big challenge for lyft ridership is down and people are scared to get into ubers and lyfts now. that fear will keep those stocks at bay uber is making an important shift away from pure ridership and ride sharing into deliveries and other services that's extremely important this is company that still loses money on every single r

with adyen, the payments platform that delivers convenience for all. adyen. business.s. >>> welcome to "power lunch. the s&p 500 just a couple of points away right now from its record high as jobless claims fall below a million for the first time since the start of the coronavirus pandemic can the market rally really keep going without stimulus from the

with adyen, the payments platform that delivers convenience for all. adyen. business.oundaries. >>> welcome back let's bring in mark lazry. welcome back. >> a pleasure to be back >> do we get the bucks stuff out of the way first >> no, it was a horrible performance, but i'm not worried. i think i was the only one screaming in the stadium trying to get our team going, but somehow it doesn't work. it was fine. >> the lakers are off to a slow start, too a lot of teams need to rebound a bit. if i could ask you about the market, not only are we marking this $2 trillion market cap, but we are noting that the bear market was the shortest on record, and this turnaround we've had from the march lows has been quite remarkable. >> yeah. >> i love your thoughts in general about how far we've come in such a short amount of time. >> i think it's great. it's been surprising when you sort of look at it i think for a number of companies, particularly tech companies and apple, especially, they've been great, but there's a whole part of the market that's not participating. we invested in

with adyen, the payments platform that delivers convenience for all. adyen. business.ndaries. >>> instacart has struck a deal with walmart, deliveries now available in oklahoma and they call it an initial launch that covers not just grocery, but more of their catalog including pantry item, electronics and home decor this is a big deal because walmart is tlargest grocery chai in america and the missing part in instacart's growing dominance. they now have eight of the top ten grocery chains in the country. remember, it did have whole foods, but that partnership went around after amazon acquired the chain and beefed up its own online grocery offerings there you see it, the landscape to discuss this and more, editor in chief of the verge is joining us i find this interesting that it comes just a few weeks after jeff bezos named amazon competitors, one was instacart and another was walwalmart so them teaming up, does that present a real risk to amazon's grocery offering but perhaps beyond that too? >> yeah, i think it absolutely does amazon has been trying to grow that groc

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. you say that customers make thelet's talk data. only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g, everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. that's good. next item: corner offices for everyone. just have to make more corners in this building. chad. your wireless. your rules. only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. >>> welcome back american airlines threatening 19,000 job cuts if it doesn't get additional federal help. now white house chief of staff mark meadows saying they could take an action to avoid more layoffs. phil lebeau is here with the latest phil >> reporte >> put them up and you'll see they're 1.5% and 2% off today. that's because people are saying, what's going to happen october 1st? we know they're preparing for job

with adyen, the payments platform that delivers convenience for all. adyen. business. boundaries. >>> the saga between mcdonald's and their former ceo is far from over our kate rogers has more on that hey, kate. >> that's right. we're getting a statement on mcdonald's on the continued probe in the firing of easterbroke and the reports improprieties by the hr and whether he covered up for other employees while he was ceo mcdonald's saying in a statement the board will follow the facts where ever they may lead adding that our board and ceo are committed to leading with integrity. we know actions speak louder than words since being appointed ceo in november, chris has installed a new chief people officer, announced refreshed values with input from employees around the world and has committed to making these values part of everything we do we will continue to make changes where necessary to support all parts of our organization. remember, mcdonald's is suing to easterbrook, moving to fire him with cause instead of without clause to claw back some of the severance dollars.

with adyen, the payments platform that delivers convenience for all. adyen. business. >>> tomorrow morning, 9:00 a.m. on ""squawk on the street"" it's leader mcconnell as the market continues to hold out hope that we get a stimulus compromise this week and more reports of signs of progress regarding eviction moratoriums and jobless benefits and postal service funding. we're back in just a moment. deo is now offering an extra 15 percent credit on car and motorcycle policies? ok? that's 15 percent on top of what geico could already save you. so what are you waiting for? dj khaled to be your motivational coach? yo devin! remember to brush in a circle motion. thank you... dj... khaled. tiny circles, devin. do another one. another one. is this good? put in that work, devin. don't give up. geico. save an extra 15% when you switch by october 7th. save an extra 15% lookentertainmentour experience: xfinity x1. it's the easiest way to watch live tv and all your favorite streaming apps. plus, x1 also includes peacock premium at no extra cost. this baby is the total package. it st

with adyen, the payments platform that delivers convenience for all. adyen. business.r: the path forward is sponsored by -- adyen business not boundaries. ♪ >>> moments ago we got it, apple above 467.77 making it a $2 trillion market cap. guys, it's kind of -- i mean, it's a momentous moment, tim cook, nine years as ceo, officially now a billionaire himself. guiding a company with market cap larger than the gdp of many, many countries and jon, a reflection of how quarantining and covid has really changed the game for megacap tech. >> it sure has i can't help but think, october 5th, 2011, back in october, 2011, the stock was in the 50s it's up more than 8.5 times. that's when steve jobs passed away anybody will tell you, tim cook will be first, to say this is still a company apple with the soul of steve jobs here is a guy who had this idea about design, about vertical integration, about crafting technology for everyday life and people were telling him he was wrong for a long time. microsoft had the right model. apple had the wrong model. but the iphone and the businesse

with adyen, the payments platform that delivers convenience for all. adyen. business.aries. you say that customers make thelet's talk data. only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g, everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. that's good. next item: corner offices for everyone. just have to make more corners in this building. chad. your wireless. your rules. only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> welcome back our next guest owns aerp operates over 400 mostly open air grocery anchored shopping centers across the country joins us to talk about the state of retail during the pandemic. connor flynn joins us on the path forward good morning >> good morning. >> on the one hand you have grocery. we've seen from the likes of walmart and target this week is strong and important as a category right now the other movie t

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. >>> 23 minutes left of trade after the break, the fearless market morgue an stanley analyst says despite the backdrop, the market isn't afraid of anything it's up again today heading for a record high despite weak consumer confidence dat yachlt we'll talk about where the opportunities are with the record high stock levels when we come back. [squeaky shopping cart] [sniffing] is the salmon wild-caught? she only eats wild caught. [cash register beeps] uh, i need a price check on honey. don't get mad. get e*trade and get more than just trading. investing. banking. guidance. i'm a delivery operations manager in san diego, california. we were one of the first stations to pilot a fleet of electric vehicles. we're striving to deliver a package with zero emissions into the air. i feel really proud of the impact that has on the environment. we have two daughters and i want to do everything i can to protect the environment so hopefully they can have a great future. >>> major avera

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. >>> coronavirus relief talks remain stalled on capitol hill and the senate has left for recess until september ylan mui joins us with the latest are they still a trillion dollar apart? >> absolutely, sara, and the senate is now adjourned. majority leader mitch mcconnell sent lawmakers home for august recess yesterday and said they won't reconvene until after labor day and that is not a good sign for anyone who is hoping for a breakthrough in the stalemate over stimulus. >> coronavirus is not finished with our country so congress cannot be finished helping our people republicans have been waiting and trying to pass bipartisan relief, literally for weeks. i wo

with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. ♪ if i could, baby i'd ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. >>> here's a story close to my own heart, of course the new york mets are very close to being sold to the billionaire hedge fund steve cohen of course, previously in a very close position to purchase the team late last year when things didn't quite get there this time he's hoping for more this is a story we first broke on friday evening. been following it very closely there were three bidding groups. arod and j.lo got attention an harris blitzer, josh harris and david blitzer, private equity titans who own the devils and the 76ers also were amongst the bidders. but mr. cohen, of course, was thought to have the financial wherewithal to come away with the prize. the question is whether or not he would, in fact, bid to a high enough level to do that. again, as we told you late on friday, in fact, he has ent

with adyen, the payments platform that delivers convenience for all. adyen. business.oundaries. >>> it's wednesday or as jim and i like to say hump day and there's a look at how we're going to open a few minutes from now. stay wh o"sawonhe street."k t >> announcer: the opening bell is brought to you by nuveen. a leader in income, alternatives and responsible investing. >>> let's get to a mad dash. i get you are a gluten for punishment with this name, jim, in terms of discussing it, it's always been a battle ground hasn't it. >> a stock that came public in 1999, plug power why i bring it up is because it's a popular stock among younger people people feel just like ev we can talk about nikola, this is one about hydrogen they bought -- i had them on recently, they bought two companies, one is a hide dren merchant company and they have a hydrogen storage business. david, this had adjusted ebitda positive, you like gaap ebitda, didn't money make any money. i think this one flies why does it fly? because this is not the old plug power. they do have -- they have forklift busi

with adyen, the payments platform that delivers convenience for all. adyen. business.t has certainly been a tough few months for hotel chains with red roof only averaging slightly above 60% occupancy as the pandemic continues to ravage the hotel and travel industry. joining us is andrew alexander to discuss what he is seeing thanks for being with us you have, what, 650 properties coast to coast >> we do >> what are the occupancy levels like right now >> so we've seen sort of a stabilization, you described it in that 60% range and we feel fortunate to be there. much of the industry is really having much lower occupancies. and we've seen some pretty favorable results. it has been steady now and we expected to see a bit of a dropoff as the covid-19 infections returned to certain states, but really we haven't. we've seen a pretty stabilize the virn environment for our segment at least. >> when i think about some of the safety questions and concerns consumers might have, i guess being in your own room especially if you are sanitizing which i assume you are what about elevat

with adyen, the payments platform that delivers convenience for all. adyen. business. >> with analysts going all in, our traders place their bets and which could surge. find out more on tdirang nation. more "squawk on the street" coming up. for as little as $5, now anyone can own companies in the s&p 500, even if their shares cost more. at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. >>> coke is reorganizing business operations. we caught up with the company's ceo and sara eisen has more on this move. >> good morning, david coke's big reorganization announced today it's not driven by the pandemic. it sped up the changes that were in the works for a long time to set the company up for growth and to be more lean and more efficient. that was the main message i got this morning from the ceo. so what coke announced it is shifting 17 business units currently go to only nine under four different geog

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with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. >>> first big morning of the week for retail earnings take a look at the slooep laggards, though, kohl's is at the top of the list down 10% before the bell, no comps disclosed because of store closures we will lkorta me about that when we get the opening bell in a few moments. >> announcer: the opening bell is brought to you by nuveen. a leader in income, alternatives and responsible investing. >>> let's get cramer's mad dash. watching gm after that two-month high, jim. >> carl, the drum beat continues. break up gm. give us the ev people want ev those two letters together give you a higher priced to earnings multip multiple this morning the always controversial adam jonas, one of the jonas brothers not at morgan stanley said you employed see ultium -- this is going to get the stock going again. carl, gm must keep its mouth shut because as long as they say nothing this thing could continue to percolate. the always unbelievable phil lebeau tells me don't forget red hot use

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. >>> a lot of google news this morning. there was that six-part dead offer yesterday at some of the lowest rates ever. the eu delaying its deal forfeit bit, asking for some remedies by december pixel rollout. new partnership with google cloud and best buy we will get to all of that when we come back my name is janelle hendrickson, and i'm an area manager here at amazon. when you walk into an amazon fulfillment center, it's like walking into the chocolate factory and you won a golden ticket. it's an amazing feeling. my three-year-old, when we get a box delivered, he gets excited. he screams, "mommy's work!" when the pandemic started, we started shipping out all the safety stuff that would keep the associates safe to all the other amazons. all of these are face masks, we've sent well over 10 million gloves. and this may look like a bottle of vodka. when we first got these, we were like whoa! [laughing] with this pandemic, safety is even more important because they're going

with adyen, the payments platform that delivers convenience for all. adyen. business.oundaries. simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. >>> welcome back to squawk new york introducing a bill to amend antitrust laws joining us is michael harris we have sparred over time about lots of things i want to spar with you a little bit about this time. i want to understand what this bill is trying to do and how it would be different than thinking about this in a federal context in terms of antitrust. >> sure. in some degrees all we're trying to do is match what they're trying to do in new york our antitrust laws are a century old and build for a different economy. we still require a collaboration of two areas, price fixing or merger that stifles competition. in new york we still need to have two parties c

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with adyen, the payments platform that delivers convenience for all. adyen. business.ndaries. >>> the s&p moving up. what to watch at the open straight ahead. >>> big tech battle royale the maker of the popular game fortnite is challenging apple and google over what it case aunt-competitive practices. >>> your money and your vote is the market putting your money before the election outcome? we'll debate that as the second hour of "squawk box" begins right now. >>> good morning and welcome back to "squawk box" right here on cnbc. i'm andrew ross sorkin and joe kernen and melissa lee is with us once again. becky is off today futures we are in the red after we've been briefly flirting, flirting with the all-time highs. we get turned around dow looking like it would open off 18 points. s&p 500 off 9 points the nasdaq looking a little higher right now up about 13 points european markets are lower at this hour. part of that could be coronavirus. germany adding the most new cases since may while the head of france's health ministry said the situation is worsening that has som

with adyen, the payments platform that delivers convenience for all. adyen. business. welcome back, everybody. retailer lord and taylor filed for bankruptcy yesterday it was founded all the way back in 1826. it was acquired last year by fashion rental startup le tote $75 million. le tote backers include google ventures men's wearhouse owner taylor brand says that it also filed for chapter 11 it's also entered into a restructuring agreement with more than 75% of the senior lenders that could reduce the debt load by $630 million. in the filing the company listed assets and liabilities in the range of 1 to $10 billion. the new filings join other household names that have find for bankruptcy this year including j. crew, jcpenney and nieman marcus. scott? >> wow, becky. you look at that wall that we had right there and you don't realize the number of companies that have filed for bankruptcy until you see them all laid out like we've done there on the wall we named some names here and there, but look at that collection of well-known brands that everybody knows, becky. >> i t

with adyen, the payments platform that delivers convenience for all. adyen. business.ries. campaign to build a border wall just coming hours after he was pulled from a yacht owned by a chinese billionaire off the coast of connecticut and arrested bannon and three others each face one count of conspiracy to commit wire fraud and one count of money laundering. prosecutors saban nonand the others charged used hundreds of thousands of done nor funds to pay for personal expenses. >> let's talk a little bit more about all of the politics. we've got the bannon case. we have last night joe biden capping off the dnc delivering a speech aimed at unifying the convention the former vice president officially accepted his party's nomination for president and took direct aim at president trump. >> with passion and purpose, let us begin, you and i together, one nation under god united in our love for america, united in our love for each other. for love is more powerful than hate hope is more powerful than fear. and light is more powerful than dark this is our moment this is our missio

with adyen, the payments platform that delivers convenience for all. adyen. business.ies. >>> president trump making the case for re-election, drawing the battle lines with joe biden over the future of this country. reaction to last night's speech is straight ahead. >> the markets push further into record territory continues after jerome powell says low interest rate are here to stay. cleveland fed president loretta master joins us for a live interview. >> the sports world according to draftkings the ceo joins us for a candid interview to discuss the recent boycotts and the impact on his business as the second hour of "squawk box" begins right now. >>> good morning welcome to "squawk box" right here on cnbc. i'm andrew, along with melissa and mike joe and becky are off. take a look at futures after the fed made an announcement we'll talk about the announcement in a bit, but right now, things still looking up dow about 130 points higher. nasdaq looking to open up about 13 points higher, and s&p 500 about 11 1/2 points higher we have a huge lineup of guests to tell you a

with adyen, the payments platform that delivers convenience for all. adyen. business. welcome back stock futures the bottom right of the screen, they are much higher indicating an open of 230 points on the up side for the dow industrial average s&p 500 and nasdaq rising as well watch the s&p 500 futures. i'll tell you why. we're just about 25 points below the february record high on the s&p 500. the nasdaq hit a record high, about 32 of them this year that's old news. the s&p we're about 25 points below that 18 right now we wouldn't hit a record if we gained as much as futures are suggesting add another 7 to that and you've got yourself, wilf, a new record high despite millions of unemployed i guess the stimulus up and out. >> european stocks up and the ten year back above a yield of 0.6 this morning "squawk box," the reopening of the nation's colleges and schools. we'll speak to the president of the university of arizona next then microsoft, twitter, facebook and many other names in the big tech space continue to have a great performance so far this year. we'll discus

adyen is also down right now about 5%.is year, but it is down today, miss with the numbers, so it looks like investors are taking some profits, and we told you about accor and the french paper, "le said there is a possible takeover, although kepler has come out and said neither company really has the all-outr it, an takeover. coming up, we will speak with a ceo whose company had a strong year, the company posting a huge rise in profit. ♪ experience the ultimate sports hub. where you can find games, news and highlights. all in one place, right on your tv. the xfinity sports zone. use your voice to search every stat and score. follow the teams you love. and, even get notifications with breaking news alerts and more. with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xfinity sports zone into your voice remote today. to theelcome back european market open, 30 minutes into thursday's trading session, checking out the equity markets, and we have had interesting headlines from china suggesting that