the cofounder of aol, founder of revolution. i love your perspective on all of these issues.bm, withlk about results out after the bell, second quarter earnings beating estimates on serious boost for cloud demand. we will bring you the latest. this is bloomberg. ♪ this is bloomberg. ♪ ♪ emily: the stay-at-home trend roared back today, the first day of the week after a rough week last week is sending the nasdaq to the best gain in three months and pushing one measure of momentum to its highest point in decades. joining us to bring it down, abigail doolittle who has been following the market. shined.zoom, huge divergences. you have the s&p 500 closing up .8% even as eight sectors closed down. consumer discretionary, tech and one other in fact, you can see the nasdaq 100 surging up 2.9%, a record high. this after all of the tech weakness, the faang stocks near 4%, you are mentioning amazon, losing up 7.9% after 7.4% last week. not a picture of stability. goldman sachs raising the price target to 3800. onhing fundamentally changed amazon. the fact you have analysts and investors

aol cofounder steve case says instead of trying to restore the economy, congress should work on a new one. he'll be here. >>> the administration is preparing to send federal agents to chicago this week as violence in some areas surges here. what are the agents planning to do, particularly since they're doing so over the wishes of local officials? we're going to be live in chicago. aves, gas ranges and grills. and if you're looking for... with spray mopping to lock away debris and absorb wet messes, all in one disposable pad. just vacuum, spray mop, and toss. the shark vacmop, a complete clean all in one pad. >>> well, quest diagnostics you probably know that name it's a huge testing company. it can take up to two weeks to get your test results, even priority cases for health care workers and sick patients can take up to two days. >> the lab is increasing capacity. trouble is demand is just growing, expected to grow even more so in the fall. joining us now is amy compton phillips from providence health system and cnn medical correspondent. explain. i'm sure folks -- i'm betting that fo

gone down it's aol which will clean do we hear about us if he comes back s so. what should you do use your vehicle to stop telling. the easy but he left me because the woman was forty four told the clue where you to want that be that. et thanks a lot bye. thank you she b bucks. the food gave money free reign officials who took to justice. still sealed. she chose fifty photos taken between nineteen eighty six in nineteen ninety four and display them in the heart of the group. it is. also being. a sub p. c. you need you can just simply many coastal connections you. can move the needle could leave the general store is in brooklyn the insensitive. yeah but you. into this this set to move to a teacher keep india to mobile no way. uses your the- this down for four year step could you possibly. a little s songs every two a solution accepted she continued to swing occurs due to a wonderful specific now. see through the- mostly the food give keep looking shoululd in me she will miss him you know i mean can awe behind. on any. now this the soviet. your all this is a label

, you've got a lot of bernie sanders' people, you've got a lot of elizabeth warren people, a lot of aol i respect them, and they have a right to do a what they're doing. but mr. bind's going to be raising -- mr. biden's going to be raising taxes across the board and then some. he said yesterday with, the day before, he wants to end something called shareholder capitalism. we used to call that the investor class. if you buy for the long run, you make a fortune for retirement. he's going to raise taxes on big business, small business and individuals and investment, cap gains and dividends. they're going to go back to the green new deal -- james: okay. but we want to know what is the trump second term agenda? you've talked about how much success you had pre-covid with tax and regulatory ree form. i'm assuming not the $4 trillion tax increase biden is suggesting. what are we going to get in the trump second term? could we see e a lower corporate income tax rate? >> well, look, we're planning on all that right now. we've got talks coming up on the hill. we've got to get through that hurdle f

probably get rid of that aol e-mail account and get something more current like gmail or verizon or onemake sure that your resumÉ e is not longer than two pages long. i know as i'm reviewing resumÉs, i'm likely not getting to that third or fourth page. and so i think that's one of the things that we tell our members that they ought to be focused on. and then really to optimize the language of today whether it's around data analytics or health care issues or some of the recent technology and terminology that focus and make sure that your resumÉ is current and on point for the job that you're focused on getting. jack: those are great pieces of advice, joanne jenkins. thank you so much for joining us. >> thank you. jack: coming up, how to manage your retirement saving during a pandemic. it can be done. the panel will tackleeee tara, did you know geico is now offering an extra 15% credit on car and motorcycle policies? >>wow...ok! that's 15% on top of what geico could already save you. so what are you waiting for? idina menzel to sing your own theme song? ♪ tara, tara, look at her go with a

there was a time before facebook there was myspace, there was aol communities, there will be future channels built, and i just personally i'm pretty concept a that these advertiser boycotts are, you know people discussing on cable television their consternations, i don't think that will change things. >> right, right, i wonder i mean there is a note out today, they think the boycott could go into november these company that's have joined the boycott, maybe some of them have honest disagreements with the speech policy of the company but maybe some are more interesting in loosening facebook's grip. >> they slashed ads in march so now to be pulling out, it is not much loss for the next couple of months i think for most of that they would love to spread it around places where they can advertise. every start up i talk to is still advertising a lot on facebook and they're just seeing better economics than ever in march, the cost per accusation, the efficiency measures all led up to less competition. there is equalibrium again, i'm pretty skeptical that this bl l have an impact on business >> let's

verizon owns yahoo but aol, some people still have aol mail and we don't know if this is an option forsers yet but for yahoo it is in its first. stuart: got it in our we want to say it's a delivery story, it's a pickup story but were sure walmart excels. restaurants struggling during the pandemic and government restrictions on restaurant operations are not helping, for example bar owners in new york cannot sell alcohol to customers who don't buy food. they're getting around it creative ideas like they'll sell you 1 dollar cuomo chips, that puts food on the table and therefore you can have a drink. i've seen nine drinks for 1 dollar, that's another round for this restriction pre-coming former ceo of ckd restaurants. is the government hurting restaurants as much as the actual virus, what do you think. >> it would be tough to determine who's hurting it worse, the government and certain cities is doing everything that he can to restrict what people can do and restaurants and how businesses can survive, you have about 85% of independent businesses are threatened with closure by the end of t

hasn't gotten a lot of attention and i'm not sure why because it was touted this week by steve case, aolofounder on this show. it would put taxpayer money behind start-ups. instead of just propping up existing businesses, which matters a lot. your argument here is do what israel did effectively in the '90s. prop up start-ups, particularly minority owned and women owned particularly in the middle of the country where the money doesn't go. i get it. my question is how do you prevent a bunch of solyndras or the government picking winners and losers? >> well, you put better requirements in the law with the grants and my point with this, we have to start thinking not just about today, which we have to do every day with this president because he's not doing his job. but we have to think about the day after tomorrow and that will be what are we going to do to rebuild our economy and the in the words of joe biden to build back better and part of this means making sure that we have start-ups, new ideas, small companies and that not everything is about biggest companies. what i'm afraid is happeni

think timewarner, aol and i'm not seeing a lot of dumping of stock. big tech accusations are few and far between. they are pretty darn successful. facebook and instagram microsoft snapping up linked in. that's the exception that proves the rule because whole foods is a supermarket, not a tech company. there is a broad collision among analysts, "fast money" clients to bring just about anything public to get it off their sheets the deals came fast and furious, so fast we had double the number of companies we have now and many were set up, they weren't even set up to survive unless everything went perfectly. they needed smart phones and streaming video, five or ten years ahead of schedule. the participants in this gold rush made absurd profits on the backs of you, the individual investors that financed it all and got stuck holding the bag which is why so many people left the market regular people were lured into the casinos and ended up with long-term poverty. they made out like bandits we don't have anything like that now. this is 2020, not 2000 the sma

360, aol, they were all competitors? >> congressman, those were some of the competitors at the time, and it's only gotten a hot more competitive since. >> well, let's talk about that because by 2012, mr. zuckerberg, none of those companies that i just identified existed. you're certainly aware of that. they were all basically gone with. facebook, in my view, was in a monopoly by then. i wonder whether you would agree with that. i take it you don't. >> congressman, that's correct, i don't. we face a lot of competitors, and everybody part of what we do from connecting with friends privately to connecting with people in commitments, to connecting with all your friends at once, connecting with all kinds of user-generated content. i would bet that you or most people here have multiple apps for even of those on your phone finish. >> mr. zuckerberg, why don't we dig into this a bit further. you and i clearly disagree about that. in 2012, i'm looking at a document that was produced, it's a presentation prepared for sheryl sandbe

is generally when you had persistent bearishness among main street investors, it's confirmed by mute aolother indicators that say that, you know, the average person is not really trusting this market and, against that, you have the kind of high frequency, you know, people who are playing the market every day they're really playing for aggressive upside. it seems like there is a tension there. probably means there is some shakeouts that could come along. option traders are bullish right now. but in general, hard to have a lot of down side acceleration or lasting down side if in fact the average person is not yet bought in that is my conclusion when it comes to this. >> mike, is another little conclusion to draw from this perhaps that retail investors have a bigger impact on the market than maybe professional investors thought even as recently as two or three months ago? so they might well have seen that the sentiment gap was here but thought well that will only draw stocks for a couple more days it's clearly not the case. >> no, it's not the case i don't know if it's really true that reta

aol madam speaker, as the member designated by by congress member napolitano, pursuant to house resolution 965, i inform the house that mrs. napolitano will vote yes on h.r. 7327. the speaker pro tempore: for what purpose does the gentlewoman from virginia seek recognition? ms. wexton: madam speaker, as the member designated by by mr. mceachin, pursuant to house resolution 965, i inform the house that mr. mceachin will vote yes on h.r. 7327. as the member designated by ms. porter, pursuant to house resolution 965, i inform the house that miss for the porter will vote yes on h.r. 7327. the speaker pro tempore: for what purpose does the gentleman rom virginia seek recognition? mr. beyer: madam speaker, as the member designated by mr. rooney, pursuant to house resolution 965, i inform the house that mr. rooney will vote no on h.r. 7327. as the member designated by by mr. lowenthal, pursuant to house resolution 965, i inform the ouse will vote yes on h.r. 7327. as the member designated by mr. lieu, pursuant to house resolution 965, i inform the ouse will vote yes on h.r. 7327. as the member de

considered a signature moment because it was the only real pure play profitable internet stock aside from aolt the time so i don't want to say this is the future of tesla, this is from a decade by the way, but it tells you it should not be the core of your bull case on a stock that it will gee into to e s&p 500. >> and given its size of course, as you said, it would be a reasonable percentage which is kind of rare though for a company that first enters the s&p. it will have a bigger delta if there is a factor at play here of people still needing to buy it >> the effect would be mostly about what happens to the other 499 stocks because there would have to be room made for index funds to buy tesla. what facebook did upon entering was it did a secondary stock offering to more or less accommodate that buying by index funds to smooth out the entry. who knows that tesla would too that, b do that, but it is a >> there wasn't a lot of index funds, also. not as many as they have right now. >> but i have to tell you, at the time it was a very much hyped event in '99 >> mike santoli. >>> coming up, fede

got an rocket league or simulated racing will transfer over to all those people even when tradition aols now making $40 million off of a mixer deal most recently. competitive gaming and streamers overall are only going to continue toe toe grow for the next few years. ashley: out of interests, rod, do you play yourself? are you competitive? >> yes i've been playing games myself for the last 20 years. i've always been a gamer my whole life. i don't really see that changing anytime soon. i'm going to continue being in the industry and the niche that i love. i'm really here to help make this mainstream for everybody. ashley: living the dream as they say. rod breslau, thank you very much for joining us today. really appreciate. >> thanks for having me. ashley: thank you. has a great radio voice too. good news for folks planning to take a dip in the pool this july 4th weekend. health experts say you cannot catch the virus from chlorinated pool water but you still need to practice social distancing. coming up in the next hour, we'll show you the steps pool are taking to keep you safe. >>> but

you don't want to miss it featuring bill simon on manufacturing post coronavirus and aol's co-founderteve case on big tech's dominance. tom friedman on relations with china, fighting the virus and so much more. "squawk" returns with all of it in just a moment ♪ ♪ now is the time to support the places you love. spend 10 dollars or more at a participating small business and get 5 dollars back, up to 10 times with american express. enroll now at shopsmall.com. how does the world reopen for business? to return to the workplace, safely, companies will need the right tools. that's why salesforce created work.com it's an all-new suite of apps, expertise, and services. to manage this crisis today, and thrive tomorrow. everything companies need to return to the workplace. let's reopen. safely. ♪ (announcer) reliability is everything. so, if your network's down, you're down. verizon knows your customers need to reach you seamlessly. your team needs to work from different places across many devices. plus, you want the security trusted by some of the largest companies in the world. and that's why

aol messen engineer. what happened next as a nation. it's a long story. but economically, we were the ones who pro liver rated and industry 4.0, the industrial internet of things, making faster, better, closer together, localizing manufacturing, reshoring the production of things. i believe that device that would flatscreen devices came from the innovation of america. that's what we work towards. that's the tapes try that we are working to put together. come visit us on the house science committee under chairwoman johnson's leadership. incredible leader. shortly before this pap was declared, we passed an energy and r&d package through the committee. and my ranking member as i have the privilege as serving as chair of research and technology passing the stem act and inspiring our next generation through the national science foundation. we can do these things. we can have the conversation about efficient and just as this institution made money from the auto rescue, the taxpayer made money. i'm optimistic about what's ahead. i'm committed to what's ahead bec

happened when joey ramone because he started calling me a lot and texting me about nasdac stocks and aol perform my song, live, and i was so like taken aback, i didn't realize that he was so sick as he was so i said to him look, i'd love to come down and watch you sing my song, but i have to be on the air tomorrow at 6:00 a.m. and i can't be in the village at midnight, and he said oh, okay, maria don't worry i'll come on your show and sing the song on the floor of the new york stock exchange, just send a camera crew down. i sent a camera crew down, i was so shocked and floored when the crew came back with the tape of him and the ramones singing maria bartiromo in a crowded bar in manhattan and unfortunately, we set a date he was going to come to the exchange and sing the song and he got sicker and sicker and didn't tell me how sick he was and then he died. so i have massive regrets and i should have stayed up all night and i always tell people, younger people in this industry, you take that chance. when you get a chance you take that chance. i should have stayed up all night, gone and wa

. >> my space, friendster, yahoo 360, aol, they were all competitors? none of those companies i just identified existed. you're certainly aware of that? they were all basically gone. facebook, in my view, was in a monopoly by then. i wonder whether you would agree with that. i take it you don't? >> congressman, that's correct. i don't. we face a lot of competitors. and every part of what we do, from connecting with friends privately to people in communities to all your friends at once, to connecting with all kinding of user generated content. i would bet that you or most people here have multiple apps for each of those on your phones. >> mr. zuckerberg, why don't we dig into this a bit further. we clearly disagree about that. in 2012, i'm looking at a document produced by facebook. it's a presentation prepared for cheryl sandberg to deliver to the board of a telecommunications firm, boasting that facebook is 95% of all social media in the united states. the title of the slide is even the industry consolidates as it matures. so as i look at that graph, i

. >> my space, friendster, yahoo 360, aol, they were all competitors? none of those companies i just identified existed. you're certainly aware of that? they were all basically gone. facebook, in my view, was in a monopoly by then. i wonder whether you would agree with that. i take it you don't? >> congressman, that's correct. i don't. we face a lot of competitors. and every part of what we do, from connecting with friends privately to people in communities to all your friends at once, to connecting with all kinding of user generated content. i would bet that you or most people here have multiple apps for each of those on your phones. >> mr. zuckerberg, why don't we dig into this a bit further. we clearly disagree about that. in 2012, i'm looking at a document produced by facebook. it's a presentation prepared for cheryl sandberg to deliver to the board of a telecommunications firm, boasting that facebook is 95% of all social media in the united states. the title of the slide is even the industry consolidates as it matures. so as i look at that graph, i