arnold donald, thank you very much. >> thank you, liz. much appreciated. see you onboard.ytime. all right. [laughter] i need a lot of dramamine. i'm that person. all right, from the high seas to the hardwood, the milwaukee bucks are about to throw one of the most epic block parties of the year as the basketball powerhouse sets its eye on the nba finals. in a "countdown" exclusive, president peter fay begin is about to give you -- peter fagin is about to give you a show and tell of the viewing park in the heart of milwaukee. that is next. closing bell 38 minutes away. we've got between on the screen. the russell 2000 up 15 points, the dow up 260. just a minute ago we were at, well, session highs. stay tuned, it could be more and higher. ♪ ♪ ♪ welcome to allstate, ♪ ♪are you down, d-d-down, d-d-down, d-d-down♪ where we're driving down the cost of insurance. ♪ ♪ are you down, down♪ ♪d-down, down? are you♪ drivers who switched saved over $700. ♪ allstate. here, better protection costs a whole lot less. you're in good hands. click or call for a lower rate today. new projects me

carnival's ceo arnold donald appeared on a panel with the ceo of hyatt hotels earlier today at cnbc's it we robust bookings and pent up demand we are not where mark and the resorts are yet because we don't have the ships out sailing yet but we are looking forward to being nlg a similar position very soon. >> here more from arnold donald as well as interviews from earlier sessions by registering at cnbc events.com/evolve. nothing new in that sound bite but clearly an ongoing bullish outlook for the sector as whole. we will have to see if it continues. they are a bit behind the hotels and -- >> the challenge for them has been the regulatory front not the demand he has said the bookings are there, we just need to prove we can do it safely, carnival a winner today on the down market. >>> still ahead, coca-cola shares ticking ahead, looks like it could be due to soccer super star kriniano ronaldo. >>> and the dow is down more than 200 points following fed chair jay powell's press conference look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at

off of the cnbc evolve global summit featuring speak ers intel ceo pat gelsinger and carnival arnold donaldo late to register head to cnbcevents.com/evolve. that's going do be a really good one. >>> let's check out bitcoin. surging higher over the past week, up 20% following a few rough months guess who came along for the ride, business software form micro strategy the stock closely tracking bitcoin performance as mic row strategy continues to add crypto to its balance sheet the company filed to sell up to $1 billion in stock to possibly fund even more bitcoin purchases let's bring in ceo michael saylor, thank you so much for joining us on "fast money. you're going to have to explain to us, you're a business software firm, why do you keep buying bitcoin three large purchases in less than a year. >> well, first, the world's waking up to the fact that bitcoin is digital property on an open monetary network and that's pretty profound because it's going to spread to billions of people around the planet. it's digital gold on a big tech network. we have two strategies, one of our strategies is to

a great lineup instel dre pat gelsinger, albert bourla and carnival's arnold donald register now at cnbcnts.com/evolve. all right. it has been a huge day for headlines in the auto industry three major developments across a number of companies. phil lebeau with all of the latest news. >> let's start offer with lordstown motors this was the stock of the day to watch within the auto industry, down at one point more than 20%. now you see down 18.8% once again trading under $10 a share. the ceo, cfo gone. ceo steve burns is completely out of the company he has left the board of directors. and this leaves the question, what is the outlook for lordstown motors near term and further out a couple of huge issues. near term, they are looking for a ceo. they have also got a secure capital. remember last week they issued an s.e.c. filing that they may have trouble be a going concern. longer term, further out at least by the end of the third quarter, they plan to start production of the endurance pickup truck do they have the money to grow production not enough to say we started production by the end

here's what carnival ceo arnold donald told me about whether he's willing to pay that fine. >> everyone's so will you pay the $5,000. >> -- by working together we think we'll get there. >> so if you have to pay it you'll pay it? >> i'm not anticipating we'll ever have to pay a fine. i'm confident we'll work stuff out with the governor and with cdc. >> a ruling from the judge in tampa is expected any day now. wall street will be watching that event very closely. remember florida made up about 60% of all sailing pre-covid so to return they need florida to work they need their ships back to sea. meantime they're prioritizing other markets, first sailing out of galveston, texas, this july, and others out of seattle to alaska courtney >> thank you, very much, sima, covered a lot of ground. tony zhang what did you see in the options market. >> we had a pretty strong day for travel stocks and carnival trading actively, 137,000 contracts traded today on carnival today we saw a fairly plain vanilla earnings bet for carnival which reports here in about two weeks or so, where a trader bought about 1

after saying it plans to sell $500 million worth of shares to bolster its operations, which ceo arnold donaldt told us friday, will be kicking back into high gear in july in the u.s.. ccl down 7%, okay and they have a pretty good cash position, so when you do these floats it becomes dilutive, and then you can look at rcl, royal caribbean whose celebrity edge became the first ship to leave the u.s. port since the start of the pandemic on saturday. that stock is down 6 1/3 percent as it continues to deal with renewed covid fears and norwegian down 5.6% kind of getting swept down with the same big wave there. all right, microsoft big teching its way past the $2 trillion mark the windows 11 and teams maker hitting new high, jeffrey says there's plenty of room for these records to run, analyst brent thill raising price target from $280 to 310 per share, we're right now at 267. he's got hopes for microsoft's cloud pc platform launch. another firm throwing in the towel on trying to rate gamestop, yeah, these researcher s just they can't do it. it's all over the place, baird now suspending its rating

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