. >> frank holland of course this comes the day adi announces the deal with maxim, guy, so news on the chip front good time to sell a chip unit? >> you know, it's interesting. this is how my mind works. i'm sure a lot of people are saying it doesn't work, but it does i'll tell you how. if softbank is getting rid of asseting, they sold t-mobile, what does that tell you? what do they see that the rest of us seemingly don't see? i take it not as particularly

frank holland has the news. >> breaking news on soft bank. they are talking about a full or partial sale according to dow jones the company is willing to do any one of those things for a company they bought for $32 billion just four years ago. this deal is being reviewed by softbank they may not do anything with arm holdings, again, a company it bought for $32 billion four years ago. a few weeks ago it sold its majority place in t-mobile shares of softbank up 40% on the year back over to you. >> frank holland of course this comes the day adi announces the deal with maxim, guy, so news on the chip front good time to sell a chip unit? >> you know, it's interesting. this is how my mind works. i'm sure a lot of people are saying it doesn't work, but it does i'll tell you how. if softbank is getting rid of asseting, they sold t-mobile, what does that tell you? what do they see that the rest of us seemingly don't see? i take it not as particularly bullish that they're looking for opportunities to sell things that's how i look at the news from frank

frank holland has the latest >> the number of new cases being reported has reached a new high topping 70,000 for the first time yesterday the number of infections in the u.s. has surpassed 3.5 million mark nebraska, utah andorgeg >> fouchy urging younger americans to take this outbreak seriously saying it will help stop the spread of the virus >> we are learning more about the cyber attack on twitter. hackers attacked more than 130 accounts including high pro-file figures and companies. they are unable to assess whether they were access the data on those accounts back to you. >> we'll see new a couple of minutes. back to the markets and your money. major averages snapping the recent rally as investors continue to rotate particularly the big cap technology stocks which have soared on prospects for growth amazon was on pace to break a 10-week winning streak amazon is still up 60% this year microsoft is up about 50% since the market lows since march set for the worst week we'll talk more about this managing director of tjm services and contributor how many times in the last 10 years the

will that continue let's bring in frank holland for more frank?question, will it continue here's what we know so far, shares of leading rv maker thor and winnebago also outselling the market in the last few months while people buy alternatives for airlines and hotel stays. lipton says rv makers are saying to him that rv sales could potentially top saelles back in 2017 >> our gauge is listening to the dealers out there in control of retail demand, products flying offer the shelves right now and dealers can't keep inventories their inventories are really low. >> lippert's stock selling at 40% for rvs, 10% for marine. we've also spoken to boat sellers like yamaha. they are reporting record sales in may and june. may alone, boat sales were up 80% year over year lippert says he expects sales to stay high in the third quarter >> our customers are ramping back up very quickly, so we're gearing ourselves to be able to ramp the component supply up to supply all our boating manufacturers that are probably going to be building record numbers this summer. >>

you're watching cnbc >>> good morning i'm franc holla -- frank holland. stock futures are hovering arnt flat after a late-day rally yesterday as investors brushed off continued increases in covid-19 cases around the u.s. the nasdaq leading the charge rising nearly 1.5% to close. it's the 25th record close for the index this year. >>> take a quick look at the bond market, the 10-year yield trading around .65%. we'll go worldwide now karen cho is in the london news room with the overseas action. we'll get to karen in just a minute we'll get worldwide in just a minute first, let's get a check on this morning's top stories. of course, a lot going on with the economy. covid-19 openings and reclosings we'll continue to keep a close eye. right now our leslie picker is here to join us with more. >> good morning. walt disney world will resume selling theme park tickets and taking hotel reservations today. the company announced the move yesterday after suspending the sales amid the coronavirus outbreak disney will open the magic kingdom and animal kingdoms this wee

i'm frank holland in for brian sullivan let's get right to the markets and take a look at the stock futures this morning it's been a wild week on wal ve street today it looks like the dow could open down as much as 150 points amid new concerns over covid-19 but the nasdaq, its run keeps on going. leading to another new record high it's 26 for the year on pace for the third weekly gain in three weeks. now to the global markets. karen tso. she's in our london newsroom with more on that. >> good morning. it has been a weak finish for those asian markets today. negative news coming out of hong kong with fresh coronavirus cases. 38 new cases local transmission and decided to close schools again from next week that throws cold water on these markets. and the rest of the markets to be very much focused on the bull run for the chinese market take a look at this. a lot of investors piling into chinese stocks this week and that has taken them to the highest level in five years. it's been an extraordinary run there's a lot of championing to buy into this market as we close out the week, the opposite t

. >>> good morning, i'm frank holland at cnbc headquarters. here are today's top business headlines. wall street set to open up moderately higher. the markets are coming off a negative week. shares of major tech companies struggled. tensions between the u.s. and china continue to rise. the dow and the s&p 500 snapping a three-week winning streak. the nasdaq posted its first back-to-back weekly losses since may. in focus this week investors are bracing for a rush of earnings as more than a third of the s&p 500 and a dozen members of the dow report their results. a lot of big names including mcdaelm mcdonaldi's, pfizer. the smallest increase since late april. analysts say crude oil prices are stable, and there is an abundance of supply to meet demands. gas prices right now are 56 cents below where they were a year ago. good news if you plan on driving to tahoe. gas averaging $3.30 a gallon. and the dish network and customers have lost access to several local channels across the country. those owned by scripps in 42 markets including new york, de

. >>> good morning, i'm frank holland at cnbc headquarters. wall street is set for a flat to slightly higher open this morning. stocks taking a dip into the red. flat to slightly lower. with the nasdaq notching a record close yesterday for the 25th time this year on the strength of tech names like apple. the nasdaq gained 30% over the past three months. however, in focus, more investors today the latest number of americans filing for unemployment. jobless claims above 1 million for 15 straight weeks. bed, bath and beyond says it will close 15 stores. overall revenue fell 50% in the latest quarter. bed, bath & beyond was struggling to draw shoppers before the pandemic disrupted america's buying habits. buy buy baby says those closed o years. >>> fast food news. chic-fil-a is postponing its annual cow appreciation day due to the pandemic. called the annual tradition where if you didn't know customers get free food for dressing up like a cow. largest single day customer event with two million people taking part in previous years. the decision was

. >>> goodern morning, i'm frank holland. wall street set to open higher as stocks rose to kick off the third quarter and closing at a new all-time high. all on track for sizable gains this week. the focus today, the monthly jobs report a day early because the markets are closed tomorrow to add to the holiday. economists expect nearly 3 million jobs were created in june when the country shut down this spring. that survey was c we saw and many americans are filing for unemployment and many are collecting benefits. >>> small sellers to have the opportunity to have a more professional page on the platform. they can share address, number and website. >>> the travel is starting to come back, but it's far from normal. only 44% of americans are planning overnight vacations or leisure travel this year. up 70% in any given year. about two-thirds of those who expect to travel say they're likely to stay in a hotel heading into the holiday weekend. hotel bookings are strongest right now in beach town. kari hall, back over to you. >> than

i'm frank holland at cnbc headquarters. here are today's top business headlines. wall street is set to open up lower this morning. yesterday stocks ended largely in the red but closed off those lows as investors amid rising covid cases in states such as arizona and florida. the dow falling more than 350 points. walgreens reported some disappointing quarterly earnings. the nasdaq hitting another record high, however, its 26th of the year. in focus, data on producer prices or inflation at the wholesale level. a new report out today highlights the housing markets that are the most vulnerable to the impact of covid-19. the areas most at risk in the second quarter were on the east coast and northern illinois. higher levels for closure activity and mortgages that are under water were found more often in those at-risk regions. the west, however, had the fewest at-risk markets. ios 14 available to the version public to test out. it has several new features long requested by users including the ability to change your default email and browser apps and picture and picture w

i'm frank holland at cnbc headquarters. here are today's top business headlines. wall street is set to open up higher adding to yesterday's rally. the dow rising more than 550 points after a top official at the federal reserve warned the recovery will likely face headwinds for some time and will require more stimulus measures from the fed and congress to stay on track. investors are reacting to news from moderna which has positive results from a small clinical trial for a potential covid-19 vaccine raising hopes for a faster economic recovery. stocks tied to reopening such as airlines and cruise lines jumping today and in focus more earnings, names like goldman sachs reporting. best buy joins a list of retailers requiring customers to wear a face covering at all stores even in states and cities where they are not required. starbucks announced a similar measure. the policy goes into effect today. best buy will provide a face covering to customers who don't have one. young kids and those unable to wear a mask for health reasons may enter without one. customers who h

i'm frank holland at cnbc headquarters. wall street is set for a flat to slightly higher open this morning. yesterday stocks rose, the dow up more than 100 points. the nasdaq jumps 2% on tech names such as netflix, amazon and apple. consumer confidence and earnings from 3m, mcdonald's, visa, ebay and starbucks. the private investment firm that backed out of victoria's secret wants to buy jcpenney out of bankruptcy. they are offering $1.7 billion for the department store chain with plans to merge it with belke. also in the running is hudson bay which owns sachs fifth avenue. and garmin says it was a target of a cyber attack that made software for its navigation systems and fitness devices unavailable for several days. the company says there is no indication any customer data was stolen and systems should be back to normal in the next few days. garmin says it affected garmin pilot, a mobile app providing flight plans and weather data to pilots and garmin health which tracks fitness activity. back over to kari hall. >>> thank

frank holland with more. >> you are right senate majority leader late yesterday laying out the republican plan for what would be the fifth stimulus package passed among the highlights is enhanced unemployment insurance at 70% of previous wages instead of the $600 per week. also sending direct payment of $1,200 and $2,400 to couples using the same qualifications used in march. also protecting businesses and doctors and schools from lawsuit. speaking more about the timing of all of this >> you are going to hear some people making different points back and forth part of making legislation. the deadline will probably get past july 31 but we'll probably get this done the first week of august >> the recent surge of covid-19 cases across the southern united states appears to be showing signs of slowing down. on monday, florida reporting the smallest increase in cases fewer than 9,000 elsewhere in california reporting the lowest case load also in florida, texas and california with signs record increases may be in the past >> pfizer began late-stage covid-19 human trials sampling some 30,000 peopl

appreciate you coming on >> a check at other top corporate stories to kick off the thursday morning, frank holland is here with those >> amazon news, the company is updating work from home directors now allowing most employees to work out side the office until january 2021. the company will continue to restrict business travel until at least next year >> u.s./china tensions continue to mount the trump administration is considering a travel ban that could mean barring 270 million people from coming to the u.s. after announcing new visas and huawei is one targeted >> american airlines warns that percentage of its work force could be furloughed. down 80% from a year ago telling staff in an email, quote, with infection rates increasing and several states reestablishing quarantine situations, the demand for air travel is lower. >>> from theme parks to outer space, the man richard branson is choosing to lead virgin galactic to infinity and beyond. >> and victims of a hack and how twitter looks very vulnerable. >>> and responding later to this morning's rbi and how cash could be key a lot to do coming up

that is where we begin health data and other news with frank holland. >> good morning to you, last night, president trump ordered an end to hong kong special status to punish china for what he calls oppressive action against the uk >> hong kong will be treated the same as mainland china, no special treatment and no export of sensitive technologies. >> china is firing back saying it will impose sanctions on u.s. individuals and entities in response and retaliation >>> back here at home, a grim milestone, almost onein five new cases of the virus reporting around the world are coming from three u.s. states. texas, florida and california. after florida, alabama and utah reported their highest single day deaths >> and outlook for dallas federal reserve kaplan saying this he will see an above-trend growth next year as the country rebounds if americans continue to follow safety prot calls. however this year, the economy could see as much as a 5% contraction. >>> now to the markets and your money. releasing quarterly results. they are going to take a backseat this morning. we have to talk about

republicans prepare to unveil their proposal new concerns emerging surrounding the outbreak here as well frank holland with more on that. good morning. >> good morning to you brian, as talks continue in washington, covid-19 hot spot florida surpassed new york with nearly 424,000 cases. the state seeing more than 9,300 new cases just yesterday alone as well as 77 deaths this as the testing czar for the federal government admits it's taking too long with some states expressing concerns about backlogs amid all of this the white house and senate republicans are set to unveil their latest covid-19 bill that could happen as soon as today the treasury secretary says some pieces of the $1 trillion bill such as the unemployment benefits and the protection they are a higher priority than others meanwhile, the white house economic adviser says more money will be going into the pockets of americans >> don't forget. there's a $1,200 check coming. i would have preferred a payroll tax cut on top of the check but be that as it may it doesn't work the check is there, the retention bonus is there. >> and featuring the

you know who is in the corner, frank holland. >> nobody puts him in the corner. nk. >>> good morning. that was actually a really good movie. i used to like it a lot as a kid. i haven't seen it in a while. >>> wall street is set to open up higher, rising more than 550 points after a top official at the federal reserve warned the recovery will likely face head winds for some time and will require more stimulus measures from the fed and congress to stay on track. investors are reacting to news from moderna which announced positive results from a small clinical trial for potential covid-19 vaccine raising hopes for a fast economic recovery. stocks directly tied to a reopening such as airlines and cruise lines are jumping today. also in focus more earnings from big names such as goldman sachs and united health. best buy requiring customers to wear a face covering at all stores even in states or cities where they are not required. last week starbucks announced a similar measure. the new policy goes into effect today. best buy will provide a face covering to customers wh

investor and i feel much more confident in my retirement plans, et cetera, by the time we're done frank holland is ready to kill it, i'm ready to kill it 6:00 tonight, do not miss it tell your friends. it's going to be great >> we'll definitely be there look forward to that good luck tonight. >>> let's do final trades. shannon, you get first >> great we just bought l3 harris defense company. we went out of raytheon technologies for this, wanted more l3 is the way the military is going. good margins, strong equity, really like this stock >> the linkster. stephanie link, you're up. >> raytheon. i like the technologies of raytheon great cash flow generation in the next few years 3.2% dividend yield and 3.4% cash yield i like that one. >> interesting that shannon just said she sold it and moved to l3 >> i did own l3 for years. great company, great management. >> pete? >> my final trade is going to be amd just because they continue to buy they're buying in august, they're buying in september, they're buying a little more time they expect more upside, scott >> give us your final trade. >> i would jus

frank holland is here. they have done some search for yields what have you uncovered? >> first we have to touch on the fact that s&p earnings, their forecast fall by more than a third in q3. dividend return has exceeded price return on the s&p 500 during a recession, like the one we're in now we're looking at stocks with dividend above 3%. a buy rating from evercore isi gilead said on friday this co d covid-19 treatment showed a reduction in mortality over standard treatment both companies maintaining their dividend last month. industrial names, catcat caterpillar and conoco phillips. these stocks are not on the everycore isi list but with a dividend over 3.5% for more, go to the cnbc prosection ov of our website. back over the you. >>> thank you very much. let's trade that what is your dividend pick for our viewers. >> i've got a couple of them i like pepsi it's a safe name it's performed well. the snack food business is executed well. $190 billion in market cap the new ceo doing a good job 3% dividend, you've got a .6% of a yields you make 3% while you own pepsi. i l

. >>> good morning, i'm frank holland at cnbc headquarters. wall street is set to open up lower this morning following four straight days of gains. fueled by potential good news on a covid-19 vaccine and strong earnings from big bank goldman sachs. the nasdaq performing the market such as amazon, netflix, alphabet and shift to reopening of our economy. the focus today, reports on the number of americans filing for unemployment. retail sales and earnings from bank of america, netflix. >>> the lakohl's will join walmt for joining policy to wear masks. two-thirds of sam's club and walmart stores are where there is already a mandate and remind shoppers of the new policy. >>> the top white house official says the trump administration could announce restrick restric tiktok within weeks. the national security risk for the popular social media app. specifically relates to gathering of data on americans. tiktok denied it is a security risk. it can distance itself from the chinese version of itself. and out of last week after adopting a security law. vi

cnbc's frank holland is here. >> reporter: good morning, dom the number of covid-19 cases has officially topped 3 million. texas reports more than 10,000 new virus cases. the record-breaking daily surge comes as the state faces a growing outbreak which rivals a peak that new york state faced united airlines is scaling back the flight schedule for august in a securities filing the company says it expects to fly 35% of what it flew last august. that's down from last week's 40% projection >>> civil rights groups call facebook meeting disappoint being. they say they were unable to get commitments from company leaders on how they plan to combat hate speech facebook spokesperson said the meeting was an opportunity to reconfirm its commitment to combat hate on the services. >> all of that and facebook shares sit near all-time highs. >>> back to the markets now as questions about the economy reopening return amid those surging coronavirus cases frank just spoke of. speaking with cnbc just yesterday cleveland federal reserve president loretta mester said this is leveling off in her region stressi

thank you, frank holland >>> meanwhile the title on the streets for the biggest amazon bowl >>> plusy now has a new meaning in the nfl it's all coming up in today's edition of "rapid fire" right after thsht e orbreak. stay with us >>> welcome back let's catch you up on a couple stories that should be on your radar today. it is time forfire . here to take on the headlines, welcome, everybody we'll dive into amazon, getting price hikes today, boosting their targets to 3800 there a$3. the rapid growth during the covid crisis can continue to drive the stock higher jefferies says they can continue going forward. what is the multiple right now for amazon >> the multiple on that target price if you listen to goldman sachs is sometime around earnings for 2021. i look at the multiple and it's close to 50. it's pretty much highest it's been for five years. it's roughly a $29 trillion market capitalization. analysts finding ways to justify higher prices, and the interesting thing is the stock price has outraced the consensus price target on wall street, and often that happens when people have t

see seema mody, frank holland, kate rogers shares of royal caribbean, norwegian cruise lines, carnival all up double digits seema, it is welcome news for an industry that continues to burn cash as the ships are in port. >> yeah, that's exactly right, tyler. today's price action reflects just how dependent cruise lines are on a vaccine in the meantime, they are working on all these new protocols they hope to introduce once they potentially get back to sea this fall social distancing on board, masks, temperature controls reducing the occupancy they operate at, which we discussed about royal caribbean about a month ago, but they're not going to make much money with all these new protocols, that's why they're depending on this vaccine not only coming to market but being widely available to the masses. yes, it's great to see these cruise lines up double digits, but you need to have this vaccine available to everyone, specifically the individuals above the age of 70 that have preexisting conditions that may not be comfortable getting on board. >> what are you hearing about bookings late into

it's on pace for its best day, best percentage daily gain i think ever going back to the ipo and frank hollande details for us frank. >> good afternoon. it was on pace this morning for best day average, shares following a little bit toward the end following a blowout report ground division handles residential e-commerce delivery growing 3% year over year, average revenue per package growing 5% year over year. ground trading high on confidence bec commerce will be strong 2020 with showing e-commerce peaking in q2 and falling slightly for the q4 holiday season. >> thanks for that beyond meat is a big winner today. aditi roy explains why aditi. >> shares are up 6% right now. the stock is heading for its best day in nearly a month and the company broke a five-day losing streak yesterday, the longest since may. now beyond shares are up 2% from their march low. that's because the company announced it will soon start selling its products at grocery stores in china through a partnership with alibaba starting with 50 stores this summer the announcement follows beyond's launch at starbucks and yum chains

. >> frank holland, thank you. >>> one major issue for working parents and economists is will schoolsin the fall parents my choose an all remote learning option for the children as florida educators sue the governor over plans to reopen schools as cases in that state rise joining us now, sal khan, the founder of khan academy, a nonprofit that offers education through online courses they work with school districts across the country including las vegas, detroit, and houston. good to see you again. thank you for joining us we always discuss the various issues about online learning versus in person learning. one issue i want to ask you about is keeping children's attention. i think all of us when we were kids would have not worked if it that had been an option. but teachers presence obviously made sure you're focused how hard is it to keep kids focused on a laptop or computer at home when they're in their room by themselves it. >> it's a real thing you know, anyone who taught live with 20 or 30 or more students knows how difficult it is sometimes to keep their attention. obviously it dep

the secondr expected to show declines, dividend payouts, they become more important than iests frank holland has a look at the stocks to own during the pandemic >> s&p earnings are forecast to fall by more than a third year over year in q3, leading more and more investors to look for the high dividend stocks historically on the s&p 500, dividend return exceeded price return in the same recession we'll look at some of the biggest names that have a dividend above 3%, a payout ratio between 30% and 70% and rated as outperform according to evercorp. isi, includes big banking, jpmorgan, pnc, bank of america and state street all passed the fed stress test to maintain dividends. biotech and pharma, gilead sciences and merck on the list fill yad said friday remdesivir a potential covid-19 treatment showed a 62% reduction in the risk of mortality over standard treatment and also the boards of both companies maintaining the dividend last month. industrial and energy names, caterpillar, conoco phillips also on the list, maintaining their dividend during the pandemic and outperforming the market over th

many deliveries to do let's get to frachnk here's something else on the rise gold precious metal frank hollanda look at some of the factors that could push it over the $2,000 level. it has nothing to do with people printing money all over the world, does it, frank? >> it may have something to do with that, joe, according to citi bank. gold could be heading to a new all time high. the precious metal on pace for the second week of gains there's a 30% chance gold reaches 2,000 per ounce topping its previous record of $1,924 set back in 2011 analysts say three things are driving this opportunity cost of gold has been reduced because of low and negative yields. improving expectations that there could be a reopening of the economy but also the desire and the strong desire to hedge against the possibility of currency declines and a second wave of the virus as economies begin to reopen. companies want to hedge against the covid shock. commodities, they've been surging during the pandemic. citi cease the potential to continue it has the price up 20%. it has palladium prices increasing 20% over the next

>> welcome back to squawk we've got two big target increases on two faang stocks this morning, frank holland us with the latest on those, frank >> good morning. faang and fake meet am focus citi upgrading its price target to a street high of 3550 increasing from 2700 and maintaining a buy rating the e taylor had a 22% share of e-commerce shares are up nearly 70% keir yahoo err to date. goldman sachs raising its price target on netflix to 670 forecasting that netflix will add 12.5 million new subscribers in q2 well above the guidance of 7.5 million. coverage of beyond meat initiated by citi with a sell rating and price target of 123 analysts forecast the company will face near term pressure due to restaurant closings and long term pressure from competitors entering this market beyond down nearly 2% in the early trade. >>> frank, you're still here -- you're still here at this point, frank, you haven't left yet? >> i'm still here. >> you're still here. >> i'm going to get to barbados right after the show >> you're quick. you immediately -- i called you a team player. >> i have room in my bungal