noah oppenheim still works there of course.id it take almost three years to get rid of andy lack? a former employee joins us next. ♪ >> tucker: if joe biden had to live by the same rules, and right there you know it's hypothetical, because they never live by their own rules. let's say he lived by the rules he imposed on male american college students. the allegations from his former staffer tara reade would have ended his campaign and political career. fortunately for joe biden, he does not need to live by these rules, he has exempted himself. evidence will beru needed to brg him. that is fair. we are all for evidence, we are not joe biden. so far nobody has been allowed to look for the evidence. the secretary of the senate says she lacks the legal authority to search the records for mentions of tara reade. meanwhile the university of t delaware who's board, at least eight of them are joe biden donors refused to release any of the joe biden documents in its possession. even though it is a public school taking tax dollars, housi

peter oppenheimer of goldman sachs.s is bloomberg. ♪ staying connected your way is easier than ever. you're just a tap away from personalized support on xfinity.com. get faster internet speeds with a click. order xfi pods to your home in a snap. or change your xfinity services with just a touch. all in one place. you're only seconds away from all of that on xfinity.com. faster than a call. easy as a tap. now that's simple, easy, awesome. francine: economics, finance, politics. this is "bloomberg surveillance." i am francine lacqua let's get to bloomberg first word news. viviana: we begin with gilead sciences. it may send $1 billion -- spend $1 billion for treatment for covid-19 at how much revenue can it generate on companies -- generate? it is givingcall, away the first 1.5 billion vials of the drug. -- shareholders. china may have chosen not to contain the coronavirus. speculation from president donald trump. he has seen evidence that a lab in wuhan was the origin. it is possible it got out due to a lab mistake. they

it doesn't take a genius to figure out that andy lack's successor was going to be noah oppenheim ands going to be replaced by someone else, that's probably not good news. >> tucker: it's really hard to see how nicole wallace stays at that network, obviously i'm not in charge of hr but given everything we know it's hard to imagine she'll keep her job. i know you'll be the first to break it if she leaves. up next, china has erected the world's largest censorship regime to hide the truth from its own people. hollywood movie studios are part of that play, they play along with the communist party to gain access to the chinese market. studios in california have censored and rewritten american films to please china, the upcoming top gun sequel was censored, tom cruise iconic flight jacket was changed, and no longer has a taiwanese flag. this is an outrage, senator ted cruz is infuriated by it and says it's time for the government to punish studios who grovel before their chinese masters, thanks so much for coming on. >> the problem with china generally is enormous and this should be a wake-

. >> tucker: really quick, this is the radical, but how can andy lack be gone, noah oppenheim is stillou think will stay? >> it's a good question. it looks like this move has taken some of his power away. i think it needs to be said that if they are really going to clean house and try to restore their credibility they need to clean house. one half of the team that presided over our reporting killing our story is still in power. >> tucker: a 30 million americans work for noah oppenheim end and are still drawing a big check. you tell me how that is fair asked not get back to me. great to see you tonight. thank you for that. >> thank you. >> tucker: at some point and we hope it's before too long, americans will be allowed by their all-knowing leaders to outside again. will they want to? the so-called japanese murder hornet, how is that for a name? it has been a spotted and we will tell you what it does next. ♪ ♪ this virus is testing all of us. and it's testing the people on the front lines of this fight most of all. so abbott is getting new tests into their hands, delivering the critical

oppenheimer will weigh in on that fed chair jay powell's latest comments. futures are up 260 a good morning on cnbc >>> if you are one of those people venturing out, you're not in front of the tv, don't worry, you can check us out live on the go from anywhere download the cnbc app. feed a healthy lifestyle, with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. and try pure protein shakes, with 24 vitamins and minerals. you picked a fine monday morning to join us because stock futures indicating a nice rally. dow futures up 250 points. the european markets all up about 2% as well you had some positive health data trends over the weekend, particularly in the new york/new jersey area and some positive longer term comments from fed chair jay powell let's join in john stoltzfus, chief market strategist for oppenheimer funds. i know things can change one day does not a trend make, but do you feel some of the more positive health data trends we are getting from around the country, p

the way pommel cut a shot back slice through the home team's defense made you think oppenheimer going to school row well. but just 5 minutes later another one pounced when the visitors back line committed an even worse blunder dentistry then he the beneficiary this time. cam in the context didn't know history of any until it was too late and the school was one whole. ball of about man's reaction said it'll and outfit choices hoffenheim to settle for a droll. struggling brain and with pinning their hopes on leonardo bits in court who has scored more goals against freiburg than any other club. and those hopes were not misplaced a long ball from davie klassen set up in court to hammer home and put brave men in front. but could they stay there that have led in 13 games this season but one of only 4 of those. phillip parts they did seeing red just before full time must have had a long bells ringing in brainerd. after the ensuing free kick and some pinball in the box motherwell going the flick the ball into the net. make it one all but the celebrations were short lived but fred i was off th

it and is still at the network as tucker carlson points out how can and you act be gone but no oppenheimer still there do you think you'll stay. it's a good question and looks like this move has taken some of his power away well mchugh says he believes in b.c. has already caught wind of this 6 month investigation of the harvey weinstein unit in b.c. has not publicly acknowledged the attorney general's probe and now the head of telemundo will take the place of lachlan has declined to comment a 72 year old was expected to retire after the 20 twentieth's election reporting for at the press natasha sweet artsy. part folks have a question for you is the media currently under attack from the likes of president trump and others or are they on the attack well that's an interesting question maybe the answer is both here to help us sort it all out is radio talk show host steve gruber steve welcome aboard glad to have you sir steve good to be here thank you so much for the invite all right well this comes up at least in my mind because andy lack now the former head of n.b.c. news and m.s.n. b.c. penn

hertha berlin won 3—0 away at oppenheim.ith freiburg and it was goalless between dusseldorf and bottom side paderborn. in the late game, frankfurt took on monchengladbach. all the details on the bbc sport website. that win for dortmund means bayern munich lead byjust one point ahead of their game against union berlin on sunday. like all bundesliga teams, their players are staying in quarantine following rules set up by german football league task force. they also need to travel in two buses to ensure safe distances between players are maintained. earlier, i spoke to lutz pfannenstiel, the sporting director of fortu na dusseldorf, and he told me the atmosphere without fans inside the grounds wasn't something to worry about, as football makes its return. we are normally a team that is really pushed by its supporters. our home games are usually 16,000 to 5a,000 and it's a buzzing, electrifying atmosphere there, so, obviously, that's something that our players are really used to. that was missing today but we knew that before, i

hertha berlin won 3—0 away at oppenheim.h freiburg and it was goalless between dusseldorf and bottom side paderborn. in the late game, frankfurt took on monchengladbach. all the details on the bbc sport website. that win for dortmund means bayern munich lead byjust one point ahead of their game against union berlin on sunday. like all bundesliga teams, their players are staying in quarantine following rules set up by german football league task force. they also need to travel in two buses to ensure safe distances between players are maintained. earlier, i spoke to lutz pfannenstiel, the sporting director of fortu na dusseldorf, and he told me the atmosphere without fans inside the grounds wasn't something to worry about, as football makes its return. speak for we are normally a team that is really pushed by its supporters. our home games are usually 16,000 to 5a,000 and it's a buzzing, electrifying atmosphere there, so, obviously, that's something that our players are really used to. that was missing today but we knew that b

and 9:00, peter oppenheimer will join from goldman sachs, the equity view forward. stay with us.loomberg." ♪ viviana: software aimed at helping companies to safely reopen their offices that will help orchestrate shifts for when employees can work on site. cells forcing the software also will manage emergency response procedures -- self-worth saying the software also will manage emergency response procedures. india'sg in geo-platforms days after facebook agreed to invest in the business. geo is from lance industries. it is controlled by asia's richest man. he has been trying to reduce debt. flash. sure business -- that is your bloomberg business flash. thank you. where were you the first week in january? what were you thinking? what would you think in the first week of january but the classic phrase "sell in may and go away" for all of us, things have changed. it is a good time to speak with marcus ashworth. now.ins us right marcus, in all the years you've been doing this, what does the silly phrase mean to you? what does it actually mean? confess, i never really paid a vast amoun

amazon -- that business makes up about 20% of united natural sales overall, and one analyst at oppenheimer that the emergence of amazon as the leading grocery player means united natural prospects appear a lot brighter than they did a few months ago today. that is your stock of the hour. vonnie: thank you. that is kailey leinz. stay to "balance of power" coming up next. connecticut governor ned lamont joins david westin to discuss when connecticut will stop lifting its lockdown and the states fiscal health. that is on balance of power" coming up right after this. let's check the state of play in the united states. we move past the three are marked into the wednesday trading session. the dow is adding to its kleins -- two its declines, down nearly 2.2%. let's see what is causing the dow to plummet. retail and technology are the worst performers, down 6%. dow the company down 6%. then you have american express, boeing, all of the usual suspects down along with oil companies like exxonmobil. oil companies down today as well. the s&p 500 not faring much better, down 1.9%. we are seeing some po

chris: robert oppenheimer, scientific director of project meets with other top officials to discuss theuper weapon. the list of potential targets narrows to 5 cities in japan including hiroshima. please visit foxnewssunday.com for more on the book and fox news documentary. that's it for today, we hope that you will take a moment this memorial day to reflect on the sacrifice of all the men and women who died defending our freedom and we will see you hello, thank you for tuning into witchhunt, the flynn indication where we build upon the evidence presented in my book witchhunt, the story of the greatest mast jim masked illusion in political history. the bob mueller investigation was illegitimate from the outset and eventually found new evidence of collusion conspiracy. trump allies are still suffering the effects of the politically driven russia hoax three years later in the current victim of the illicit scheme to

watch jeb bush's former flak take a break from sucking up to harvey weinstein like noah oppenheimer toalk about smear campaigns. >> mike flynn's lawyers have been engaged in a smear campaign very similar torn out of the same playbook as the smear campaign donald trump rank, against the same fbi leaders. speak with the idea that the sajustice department could do this, you called it stunning. it's past stunning. this is the collapse of the justice department. this is a political and incredibly destructive thing. >> it's not good for the rule of law. it's not good for morale, and not a fair outcome in this case. >> today, though political corruption, and michael flynn has long been calling for a period of the justice department had nothing to do with it. it's just the white house 100%. >> the fix is in, this is an injustice. t >> so what exactly are these people saying? what argument are they really making? mike flynn was set up by corrupt law enforcement officials and suggested their goal was to "get into lies so that we can prosecute him or get him fired." that's not speculation, the fb

chris: robert oppenheimer, scientific director of project meets with other top officials to discuss theew super weapon. the list of potential targets narrows to 5 cities in japan including hiroshima. please visit foxnewssunday.com for more on the book and fox news documentary. that's it for today, we hope that you will take a moment this memorial day to reflect on the sacrifice of all the men and women who died defending our freedom and we will see you next fox news sunday. ♪ ♪ eric: well, on this memorial day weekend a glimmer of hope. now it's lowers since early april as more states plan to ease lockdown restrictions in the coming days. most of the country already partially reopened. washington, d.c. the only spot so far shut down and this as studies still caution that the south and the midwest will likely see a spike in more coronavirus cases in the coming weeks. so far more than 1.6 million americans have tested positive for the virus in the

chris: robert oppenheimer, scientific director of project meets with other top officials to discuss theew super weapon. the list of potential targets narrows to 5 cities in japan including hiroshima. please visit foxnewssunday.com for more on the book and fox news documentary. that's it for today, we hope that you will take a moment this memorial day to reflect on the sacrifice of all the men and women who died defending our freedom and we will see you n you know how i feel about what's going on, the destruction caused by the fanatics in the dangerous misinformation pushed by the establishment media. we've been through it all and will continue to hold them accountable but i've been thinking we need to look ahead. what's next for america. tonight we will ask how to fuel our economic recovery. next sunday we will look further ahead toward a second trump term. what should the policy priorities be and after that the

here to discuss is jason, an analyst at oppenheimer so jason, tech is tricky because it's done so wellld you recommend investors be what's the tech playbook look like for the rest of the year? >> it is tricky. the market got some of these napes right early. you divide them into four buckets. you have the shift e commerce bucket you have the small businesses quickly. you have the more lack of home entertainment bucket then the closure of gyms. we can kind of go into that, but right now, probably the best buys now are match a dating standpoint roku, amazon and far fetch if i had to pick four >> okay, so talk about valuation and how much you think these stocks can move to the upside again because i wonder if we're starting to come out of the stay at home environment, if people are so opt missick and have priced in so much, talk about why you think they're still good places to put your money right now. >> sure, so amazon k if you l, k it's about 18 times. they should grow cash flow next year who knows. 30%. 40% off of the depressed investment levels this year. so i don't think anybody woul

oppenheimer has given a communications reit an upgrade to outperform saying it is poised to cash in on the 5g boom as wireless carriers spend money to build out new networks, which they've promised, by this fall. who even knows if that's going to happen? look at american tower, up 5 3/4 percent at the moment. let's get to footwear maker crocs. b. riley initiated coverage at equal weight saying the stock is fairly valued. it is up 58% quart to date -- quarter to date, down about 2 1/2% today. with summer to come, upside ahead for crocs? we shall see. but about what teva, their -- deckers outdoors up 6 1/2%. maybe if you are lucky, later on the show, i will show you my pair of crocs. reality superstar kylie jenner's skin care brand in europe, cody better by 13%. elf jumping 16% nice move there. crocs and flip-flops this weekend marks the unofficial start of summer but considering both the dow and the s&p have gained 31% a piece since the march 23rd covid low, what catalysts will possibly move the markets from june and beyond and not necessarily up or down? so wall street began the day lo

jr oppenheim or -- >> chris: the team behind the manhattan project size if the u.s. enemy, it should strike as soon, hitting a key military target in a major city. but before truman can decide how to proceed, he waits for the first test of an atom bomb in the new mexico desert. >> the most momentous man-made explosion of all time. >> chris: a test of a plutonium bomb is a success. the weapon works. truman must now make the toughest decision any president has ever faced. the book comes out on june 9th, a week from tuesday, and we will have a special hour documentary on the countdown sunday, jun june 7th. please visit foxnewssunday.com for more on both. and for the latest on the protests and unrest across the country, keep it right here on your local fox station and fox news channel. but that's it for today, have a great week and we will see you next "fox news sunday." ♪ - [narrator] the following is a paid advertisement for plexaderm skincare. - wow, is that really me? (laughs) - here i don't look 61 in three weeks, i have no wrinkles, no bags, and this is only becaus

science and innovation were key to winning from robert oppenheimer's atomic bomb.sion sent as british troops closed in. it read, in part, quote, closing down forever, all the best, good-bye. we fought world war ii as a nation, working in factories. buying war bonds, collecting scrap iron, or just not wasting food. just about everyone did something, and we kept at it until the war was over. then, we began rebuilding the world and rethinking it. organizations, like the united nations, were founded to try and prevent more global bloodshed. and ve day was a huge celebration. prime minister winston churchill even had his government make sure that there was enough beer to go around. history is a great teacher. will we remember what world war ii taught us? will we join with other nations to improve the world? will we let our hearts lead us to this fight, and let our minds lead us through it? will we carry this burden together no matter how inconvenient or uncomfortable? or is cheering healthcare worke workers the best we can do? maybe you can't grow a victory garden but c

john stahl is the chief investment strategist of oppenheimer. john, great to have you with us.e you enjoyed that music and that's probably the last music we'll ever play on the show. what did you make of today's tech sell-off in particular and the action in the market today after the close. >> well, i think, melissa, from the point of view of literature, last week was probably "great expectations" and today it was "oliver twist" in terms of the darkness i think we have to figure tech was just waiting for some kind of a trim and a haircut,a maybe even a shave it got a little bit ahead of itself we would have to think that technology remains a great place to be. for longer term investors probably this begins to present an opportunity to look for babies that get tossed out with the bathwater if this goes on for a few day, but overall -- it was a change in sentiment that occurred fairly quickly because of all of the things the panel members all mentioned had and whether it was coming from the fed, whether it was coming from what nobody mentioned and dr. fauci and gottlieb was on an

robert oppenheimer, scientific director of the manhattan project, meets with other top officials to discussf the new super weapon. the list of potential targets narrows to five cities in japan, including hiroshima. >> chris: please visit foxnewssunday.com for more on the book and a fox news documentary. and that's it for today, we hope you'll take a moment this memorial day to reflect on the sacrifice of all the men and women who died defending our freedom. and we will (announcer) who can you always rely on to be there when you need immediate help? any time of the day or night, even when you're hundreds of miles away from home, always giving you and your family peace of mind with people, benefits, and services always there for you to make your life a little easier? a company you know is always with you. aaa, a company built by and for members. (sentimental music) hi there, i'm jeff thisted. chances are you know about aaa's legendary roadside service, but you might be surprised at what you don't know about aaa. so come along and discover how aaa not only gives you peace of mind, but helps yo

the so-called weinstein unit tells the daily mail that kicked out chairman network president noah oppenheimeraced former anchor matt lauer are the main targets of that investigation. reportedly dozens of women already have been interviewed. a spokesperson for nbc universal has said the company is not aware of any investigation by the new york attorney general. first of all, can you give something like that secret? it would be secret, or would it be? >> exactly. at most, it's a fact that during this pandemic the investigation has likely been pause. that's probably the reality. importantly, it is the ag civil division. they are investigating nbc for gender discrimination, sexual harassment, and also retaliation. there are two aspects that are important here, that they are investigating. one of which is employees that went to hr or to outside media sources about the culture there. the second is actually against journalists for reporting on air about sexual harassment and misconduct allegations against matt lauer and also harvey weinstein. apparently, as you stated, dozens of women have been inve

market action as stocks surge higher to begin the new week bolstered by hopes for a coming vaccine oppenheimermanager john stoltsfuss joins us. >> thank you for having me. >> the s&p 500 is back above 3,000 today and moved above its 200-day moving average first time we've seen those milestones since march 5th what do you think of stocks at these levels >> we have to say that they're reflecting a market opinion of where it wants to go, which is genuinely higher, seeing an environment where we are likely in the beginning of a transition from crisis to economic recovery it doesn't mean we're in a post-covid environment at this point but we would say with the risk of a second time of this coming back at some point, it would appear to us very clearly that we are now in that process of transition, much as we saw in '09 after the market had hit bottom on march 9th and in this case it's march 23rd in this crisis, and the resulting interim rallies and moving towards a more sustainable recovery ahead >> so you're calling bottom? you think the bottom is in >> i think the bottom was put in on march 23rd a

day, theyxt consolidated and had a bridgehead at a place called oppenheim on the rhyme through the thing that was neat about bankseim, it was low and they had a little fairy -- ferry to the north of town which made it an excellent approach for a bridge. you would have to have a downward ramp from the banks into the ferry landing. they tied up a floating bridge and ran it across the rhine. of march. on the 25th online towards frankfurt ine.rankfurt am ma on the day we crossed, combat command a which was out front, was committed by colonel jack , whose father had been chief of the army, very good west point officer. he pushed out to the preferred frankfurt- out to the mine crossings. german artillery landed on the back deck of his tank and sheared off the front of his face. all he had left -- i went to the aide station, when they pulled him out of the tank. followed him back to the aide station. clearing station and then general hospital. we went on the attack. while they were suturing him at strafedstation, we got by german aircraft because they were trying to frustrate our attack on the

there are restaurants doing well, notably olive garden, only down 26% last week oppenheimer says it'she best house in full service dining base target to 90. when you talk about restaurants that are sit-down, they're the only one that's going to have a boom everyone else is trying to figure out how to sit people there will be a couple restaurants that survive in that casual dining but almost all of them won't make it >> interesting, jim. you see any parallels between large fast casual getting bigger at the sense of independence as the walmarts are getting bigger at the sense of small business retail >> absolutely. i think unless you deliver and have a great takeout like wing stop, i think you can't make it work if you have 11 tables, you're only going to have four tables the bar isn't going to be there. that's where the money is. it's hard for any restaurant that's not a chain to make it. you can't tell distributors what price you'll take when you're small. >> right and then you have lowe's tonight. i guess you'll delve into this 11% comp number. >> everyone is going to lowe's it's rem

joining us now, peter oppenheimer, chief eck quity strategist at goldman sachs also author of the longd-bye. thanks for joining us. >> want to get to the book of what you analyze in the book in just a moment, but first and foremost, the short-term in the markets and what you guys at goldman sachs are thinking in terms of i think you're estimates for gdp are worse than con ssensus does that mean you're more than bearish than consensus on the market as well >> in the short-term, yes. we think this asemitri now given the powerful rally to be seen and what somewhat disconnect between the map which is deteriorating relative to the consensus expectation but we don't see them going back to or breaking the previous lows we've seen in this bear market longer term, i think there are opportunities. but as with all asset class, i think we'll see e llower return moving forward it's an expansion. >> looking at some of the returns from different markets, peter, around the world, the u.s. versus europe versus china, japan, i mean is it as simple as go where the stimulus money is flowing the most both

i checked in with oppenheimer, i asked andrew what are some of the big trends he wants to hear about. thing, as traditional live sporting events get canceled, what kind of impact does that have on ea's bread and butter on the sports f s franchises we'll be on that call at 5:00 p.m. earn. back to you. >> josh thank you. shares down b about few percentage points here after hours. it looks like a strong quarter cheerily people clearly people e are gaming and streaming was this just a case of the set up it was stropg into earnings? >> probably. it was at a new post crash high. it has been on a decent run. also it's acknowledged they have tail winds here during this phase aingd one nd i think one s things is people's willingness to bet on the exception to the rules, the right place at the right time >> barbara, do you know these types of stocks stay at home is the theme, they've run up a lot? >> yes, i still do because i do think have to have a viewpoint about how quickly an economy will open and i think it's going to take a while longer it's not evenly shaped the consumer will spend less