so what a netflix and nike have to say about the killing of a black american by police and how seriously should we take them take a look. also on the show socialist venezuela turns to private gas stations to solve its fuel shortages. and all stroy of wine producers reap a bitter harvest following last year's bushfires. this is your d w business report i'm saving bears in berlin it's good to have you with us. nike netflix us just some of the corporations sounding off about last week's killing of african american george floyd by police and aligning themselves with protesters netflix netflix rather posting on twitter over the weekend to be silent is to be complicit the department store nordstrom said that it is deeply saddened and angered nike meanwhile saying don't do it excusing racism that is many companies are supporting the black lives matter movement which protests racial inequality in policing. and let's go over to our financial correspondent in new york. to what extent is the unrest that we're seeing on main streets across the u.s. leading over to wall street i mean 1st of all if yo

of away are donating at least $700,000 to black lives matters and others organizations twitter nike netflixy and other major companies have also announced their plans to contribute to similar organizations. the group behind the oscar says it has a plan to make the awards more inclusive. the academy of motion picture arts and sciences says it's called academy aperture 2025 phase one will be focusing on membership and workplace culture and there's also a plan to improve inclusive industry standards as well. the changes come after years of criticism that the oscars are dominated by white men. >>well police have detained a man in connection with 6 suspicious grass fires in the north bay. the fires were set overnight friday and quarter madeira and larkspur check out the photo here you see the smoke and flames there 61 year-old eric larsen was detained after witnesses saw him in the area of the fire and larkspur plaza. now the first 3 grass fires are in the quarter madeira marsh area and then on saturday morning a fire was sparked unlocked larkspur his blue rock neighborhood, 20 homeowners nearby

. >>> and corporate america's reaction as companies from apple to microsoft to nike to netflix and others comment and make moves on the state of race in america. >>> plus, a major voice on wall street and a leader in the african-american business communi community, tracy maitland's family has a historic tie to martin luther king jr. the president of advent capital management who drew the company to $9 billion, is here to tell us what he says must happen next. it's a fox business exclusive. >>> and blood has become a big business as companies searching for a cure to covid-19 seek to do it by testing and experimentation. one company provides that blood. they are here to tell us how much the blood goes for and what kind of demand they are seeing. markets are higher as they shake off political unrest and increasing tensions with china. dow jones industrials up 113. we have the s&p moving higher by 16 and the nasdaq gaining 69 points. less than an hour to the closing bell, it will be a very busy hour, let's start "the claman countdown." liz: we begin with this breaking news. at any moment, we

not only with nike, but we see it with netflix, serious fm -- sirius xm, reeboks, target. just a statement, but a bold statement. siics.in contrast to a put out a statement addressing the concerns, but it was not as bold as nike. i think that consumers will pay attention to that going forward. it has to be authentic. you can't just come on and make a statement all over your social, even if it is a bold hashtagt, using the black lives matter. we stand in solidarity but here is what we are doing internally. that third case is coming out and saying, customers, here's what you can do if you would like to get involved? caroline: it has to ring true from the brand. nike has made bold statements in the past, which is why i am sure that sits well with many of its followers and brand loyalists. i am interested in the investor following. tiffany, you help direct investors toward the environmental policies they want to focus on, the social policies they want to focus on. sociallytors demanding responsible businesses at this time? tiffany: absolutely. i have noticed a trend overall. ev

. >>> welcome back nike, apple and netflix among the big companies speaking out against racism following the killing of george floyd in minneapolis last week. aerial investments president weighed in on the moves today saying corporate america still has a long way to go in the fight for diversity. >> i did a speech at deal block where i said i was waiting for a corporate ckaepernick in reference to kole inkaepernick in what he gave up, peacefully protesting the death of black people in america unlawfulfully. corporate america, talk is cheap. i talked about the fact that say we're working on diversity in a company is unacceptable to me because in corporate america, we don't work on anything else. >> joining us now for more is boseman saint john, chief marketing officer at endeavor, also chief former brand officer at uber. thanks for joining us. >> thank you so much for having me >> it's clearly been an unbelievably challenging period across america but there's been a lot of positive responses in tone at least from my many corporations. net are you encouraged or disappointed by the response

likes of amazon nordstrom ben and jerrys mcdonald's and even nike almost every mainstream streaming service posted as well including netflix hulu h.b.o. max and prime video netflix has even added black lives matter as a content john or a corporate america is even putting their money where their mouth is to support the fight against an injustice and inequality bank of america has pledged 1000000000 dollars over 4 years and a commitment to support economic opportunity and initiatives michael jordan and jordan brand pledged $100000000.00 over 10 years to organizations fighting for racial equality social justice and access to education wal-mart will commit $100000000.00 for the next 5 years to create a new center for racial equity and the list goes on and on with sony music group google facebook g.m. and many more promising tens of millions to the cause but we come to the question why now that didn't simulate that this is an important cause but racial equality has been a huge problem this country throughout history and recently we've witnessed civil unrest in ferguson missouri in 2014 and baltimore maryland in 2015 again not t

and has generated more revenue than mcdonald's -- i can't believe i'm reading this -- nike, coca-cola, the tesla, netflixd because we take it for granted how big this truck is. >> yeah. so if you really look at it across the market, i mean, you know, municipalities and governments, this is the number one vehicle they buy because it's so practical, right? it's a truck, and it's luxury combined in one. by the way, this new one comes with all those cool devices that you want connected to the vehicle, you're going to be able to do that as well. coincidentally, while this vehicle is being introduced by ford this week, vice president pence was actually in lordstown at the new manufacturing facility announcing their all-new electric vehicle. get this, that'll be 600 horsepower, and all of the electric motors will be inside the hubs of each one of those wheels. and they've already said they are at about 20,000 presales on that vehicle coming off the assembly line. the truck market, pete, it's huge. people want to buy trucks because they're practical, and if -- with this f-150, it's going to be one of the hottest

nike reversed its iconic slogan in a new ad saying, for once, don't do it. don't sit back and be silent. netflix and disney echoed that sentiment. netflix said to be silent is to be complicit. disney is stepping up its efforts. these companies taking a stand, important to note the backdrop here. the fundamental inequality for african-americans in this country. they continue to have less wealth than their white counterparts. data shows african-americans with college degrees have less wealth than whites who didn't graduate high school. that is a fundamental inequality that has persisted for generations. >> it's one thing for a company to put out a statement but it's very different to pledge pay equality and put their bank account where their mouth is on that. >>> after a night of violence in richmond, virginia, saturday dozens of community volunteers came out to clean up local businesses. a scene we've seen many times around the country as communities try to come back together. one of those, a family owned jewelry store that has been around since the 1900s. members of greek organizations not only

netflix is expected to release the last dance on its platform next month. >> expectations are high they cannot afford a stumble in my way, not even a trip. >> we love nike like a lot of others we're looking this afternoon when they had their earnings call we're looking for an increase in mobile app users we think nike is uniquely positioned they have a robust mobile platform they perfectly positioned to take advantage of a pandemic like environment we also like nike coming out making a bold stance in the black lives matter movement. nike was doing this way before 2020 we love that and we think we'll see that -- their customers really kind of respond to that in positive increase in sales. >> it's considered one of the essential consumer type brands it's price perhaps to perfection but they continue to perform if they disappoint, who knows what happens because it's a high price stock. i think people that gravitated as we discussed to the names and consumer side which is narrower and narrow because the market has been driven by technology and find the kind of brand that's been able to continue to sell well through their different platforms mostly online over th

netflix is not a different case. stuart: i agree, i can see the point, i think corporate america should say something about the anarchy on the streets of our cities. susan: what about nike a few storefronts damaged in chicago and california, nike they haven't been shy getting tote forefront of some of these social issues. again they were supporting protests taking place across the entire country. so the footwear company posting this minute-long ad if we can bring it up for you, with white tex over a black screen on instagram. it urges people not to turn your bark on racism. be part of the change. for once, don't do it. stuart: i get the point. i would just like to see somebody stand up for america the way it ought to be. i'm not seeing it from american corporations. i find that frankly -- susan: ought to be is term interpreted by different people. are you saying companies that have actual damage, physical damage? stuart: no, any company. susan: can you imagine impact coming from their consumers? stuart: any company. any company in america should stand up and say, that ain't right. looting, rioting, ain't right. i think we should all say that. that is where i'm coming fr