so grows picked oppenheim or. it was weird to locate the central laboratory, you could not have it in chicago because what happens if an accident happens? or also the easy to breach the top security. you are walking down the street involved in it, a colleague who was not involved came up and said, hey, joe, what are you doing? well, i mean, there would be an easy way to break top secret on that. so they looked around, they pick some places in the west. oppenheim or had come to new mexico to recover from an illness when he was 18 years old and had fallen in love with new mexico. at one point he said that he wish he could marry the two loves of his life, physics and new mexico. of course that is before he got married. i just wanna be clear about that. and this was an opportunity for him to do that so he showed groves some places around new mexico and the settled on this school in loss almost so after that was chosen in november of 1942, oppenheim are started recruiting people. but he couldn't tell them what he was d

peter oppenheimer, who we both interviewed several times, believes in tech. as we come back after labor day. it's not 1990. i will ask how old you were in 1990. evaluations are not stressed. good morning, how are you. annmarie: i think we are probably in very different places in 1990. manus: [laughter] annmarie: oppenheimer is taking the bullish view on tech. their technical strategist says history, if it's to repeat itself in terms of the market, we will have a third day, which would be today. they are seeing this downdraft, but oppenheimer is looking at the price-to-earnings ratio and is saying, yes, everyone is talking about as having these incredible technorati ration's, but they are nowhere near the dot-com bubble. manus: they are all in on the digital revolution. we will morph up. what we seen will multiply. that is the base case of the oppenheimer view in tech. strong cash generation. you can use the term later on. i know you want to. strong cash generation. earnings, stable balance sheet. the transformation of the economy and talk market are further t

lawrence and oppenheimer attended weekly seminars where oppenheimer, the future scientific eight of the u.s. atomic bomb project, amazed everybody with his ability to simulate new ideas. his extraordinary memory and the fact that, to go to contemporary, he knew more experimental physics than even the experimental physicists did. in 1932, he wrote to his brother that, to quote, we are busy studying nuclei and neutrons and disintegration's. trying to make some peace between the inadequate berry and the absurd revolutionary experiments. just as oppenheim or had hoped, atomic physics was by now no longer europe's exclusive preserve. on a visit to prickly in 1933, he was pretty startled to find it was more run like a factory than a laboratory. in his words, the experiment are's were divided into shifts. maintenance shifts and experiment are's. when a leak or fault developed in the cyclotron, the maintenance crew rushed forward to plug the leaks and fix the fault, at which point the operating shifts russian again. it was far removed from small scale expense conscious world at the cavendish. i

tom: peter oppenheimer, you went right where i wanted to go. you are reading my mind, on the alpha generation necessary right now. what i want to talk about is ray dalio's interview yesterday with erik schatzker, and he talked about literally blind diversification. i do not buy that for a single second. peteres oppenheimer -- how do you define a diversification away from stocks? what is your approach? peter: it is a great question, and it goes beyond where you go for equity. bear in mind that multi-asset funds, that have grown hugely in the last decade, and have been mixes,ccessful, bonds, generates one of the longest and strongest bull markets in history, and a good chunk of that, given that we are now at the zero bound, is likely to generate a very low return, if not a zero return. so moving up the risk curve is partly what these policies are doing, within the context of equities. i think you need to diversify out of the pure technology growth part of the market or looking at how technology is evolving and entering into medical technology and

the chief strategist at oppenheimer. >> good morning. >> i'm going to call you out a little bit you had a price target, crossing the 3,500 mark you pulled that back because of the pandemic why didn't you reinstate it? >> simple, it would have been hard without coming out with an unrealistic multiple we remain bullish. outperform rating, technology, consumer discretionary industrials and financials since the start of the year. we stuck with that through the crash. through the recovery but related to the suspension of the target we think at some point, the market will say, wait a minute, based on earnings, they haven't caught up with the stock prices. that said, it is higher for the markets here prone to pull back on any

robert oppenheimer, talk to us about him, i'm sure there has been extensive books written about him.i think as you describe, a renaissance figure endogenous. >> absolutely, i think half dozen languages learned, sam script so he could read, the buddhist writings, fabulously brilliant as a physicist but also, and people have no questions about whether he would have any executive skills at all became a very skilled administrator, he was a scientific director at los alamos and one of the things he had to juggle was he had general groves, who i mentioned before, this bulldozer of a man and military man, then he had all these prima donna scientists who rebelled at the idea of deadlines and military order and he had to keep both of those things going, i one of these great nuggets in the book, after the bombing and after the war ends, truman never looks back. he's asked about for the rest of his life and keeps saying, i had to make the decision that ended the war and if i had to make that call i would do it again, all the people on the flight crew said the same thing, paul tibbets, all of th

thank you, colin rusch of oppenheimer.t is worth noting, as we are talking about nikola, and we think of that stock, the highs it hit today. there were winners among the crest of the exit. airlines. airlines rally. technology stocks, because they were so eaten down -- so beaten down, they should end up rising. there were some specific technology names that people were nibbling around the edges. interesting, we mentioned treasuries doing well. but they did actually go out on the lows of the day. etf,the popular treasury only got 0.6% on the day. even with the terrible close for tesla and others. the 50 day moving average, so much excitement tomorrow and ahead. caroline: we will see if the corporate market continues in terms of those indicator deals. it is going to be busy. some of keep an eye on those momentum indicators. joe: let's talk about this tomorrow and the next day and the next day. caroline: we are vindicated on tesla. what one thing will you be looking at tomorrow, joe? the world cloud etf, that will be the first

oppenheimer's desire for his announced desire after the fact that they should have or at least on anwould they had that key when they were testing for the could have been international and dropped it on an uninhabited area. but one of the argument is in a retort what had been done. assembled the world to see in light of the things among the work. it was acutely discrediting so therefore they had to drop its. >> i guess to, you mentioned that it's one of the reasons of the antiwar and is much as we can the logic of warfare and the brutality of warfare made it seem, if not palatable at least inevitable. with the firebombing of tokyo. it was actually more destructive in terms of land loss in the actual bombing of your shema. people get caught up in the logic and it becomes an almost impossible conveyor belt. >> guest: they are ghoulish in different ways. tokyo, camera for the exact square miles but it was a norm is destroyed one at a thousand lives. as gruesome as what you saw in hiroshima. but again her shema, was brought on by one single primitive atomic weapon. and with that intended

that was oppenheimer's desire to announce it after the fact that they should have dropped it at leaston an uninhabited area , a shipyard or a purely unpopulated zone. >> they had pressedjunkets in bikini , they could have had a press junket and dropped it in an uninhabited area one of the arguments, in the retort was that when they have assembled the world even in light of if it didn't work that it would have been discredited so they had to drop onto city with a largely civilian population. >> you mentioned this to and it's one of the reasons to be resolutely antiwar as much as we can be. the logic of warfare and brutality of warfare made it seem if not palatable at least been inevitable. after all you went out bombing the firebombing of tokyo as wewere talking about , it was more destructive in terms of land loss and property loss in the actual bombing of your oshima. people get caught up in this he is logic of destruction and it becomes on almost impossible conveyor belt to escape from . >> i agree and their ghoulish and differentways . tokyo i can't remember the exact amount but th

joining me is steenior retail analyst at oppenheimer, dave are all these companies going to benefit from permanent shift to higher demand, or is there going to be a hangover what kind of hangover do you see coming >> that's the key question as you know, we talk about home depot a lot on your show and on the network and they benefited significantly through the crux of the crisis. my concern, though, to use your word, kelly, it's a hangover where do we go from here i've got to think at a minimum we have difficult comparisons. so the middle part of 2021 will be cycling past some historically strong sales. that will be difficult i'm also concerned there will be some type of pull forward in demand, meaning consumers will do more than they normally would during the crisis and that will move forward in future periods >> i can give a couple examples from my own life i tried gardening, brian this gardening is very difficult. i'll give it another go, but this was the year, and i realized, i don't know that i have it in me. between that and some of the projects around the house you're not going to

about industry furloughs and much more in just a moment >>> from goldman sachs to jp morgan to oppenheimer, they are saying positive things despite the selloffs we'll look at whether they're right. >>> it's going to be a month of unconventional ipos. we'll explain, coming up on "the exchange". when the world gets complicated, a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. and tailored recommendations. ♪ if i could, baby i'd ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. >>> welcome back it's been an awful year for the airline industry, and despite low demand from consumers right now, jetblue is announcing today that it will add new roots in an effort to track travelers. jetblue has seen some wall street up lately of 22% in the past months. our own phil lebeau is joined by the ceo of jetblue, robin hayes. phil >> thank you, kelly. r

oppenheimer briefed the interim committee on may 31st, the leaders, military and political leaders, and warned them that within three years, we'll likely have weapons between 700 and 7,000 times as powerful as the hiroshima bomb. the scientists were warning about this. when you get to the moral equation, you have to remember that seven of america's eight five-star admirals and generals in 1945 are on record as saying that the atomic bombs were either militarily unnecessary, morally reprehensible, or both. and the most outspoken about this was admiral william leahy. leahy chaired the meetings of the joint chiefs of staff and he was truman's personal chief of staff, and leahy wrote the japanese were already defeated and ready to surrender. the use of this weapon at hiroshima and nagasaki was of no material assistance in our war against japan. in being the first to use it, we adopted an ethical standard common to barbarians of the dark ages. we have got similar comments from eisenhower, macarthur, king, arnold. they all knew it wasn't necessary. and some of them recognized the moral signif

the chief strategist at oppenheimer. >> good morning. >> i'm going to call you out a little bit you hadack because of the pandemic why didn't you reinstate it? >> simple, it would have been hard without coming out with an unrealistic multiple we remain bullish. outperform rating, technology, consumer discretionary industrials and financials since the start of the year. we stuck with that through the crash. through the recovery but related to the suspension of the target we think at some point, the market will say, wait a minute, based on earnings, they haven't caught up with the stock prices. that said, it is higher for the markets here prone to pull back on any catalyst overall, things could look good. >> clearly, the rise could happen what surprised you about the rise to 3,500 do you see >> we didn't expect you would see the capitulation we would see morning bears and nervous investors. you look at it with the 10-year treasury and the levels it is trading would indicate to us, bonds are very little competitions for stocks right now. monetary policy favors equities. the rescue efforts

one thing i found interesting was comments from oppenheimer. indicators suggesting retail investors have been piling into the market in recent weeks in massive volumes. now there has been a shock perhaps you might see some of the smaller retail traders exit the market. that would lead the fundamentals fairly intact, looking more rational. we will see if that is the case. one stock that is always tricky to gauge will be tesla. as we have reported before, you never know when robinhood traders get together on a message board. elon musk might be soaring again. matt: richard mcauley out of hong kong, the voice of daybreak which i listen to every morning. you can listen to him, his sort of podcast episodes. we will be right back. will be right back. ♪ nejra: good morning. welcome to bloomberg markets: the european open. [no audio] edwards in london alongside matt miller in berlin. matt:

when i read a note like this, i think oppenheimer is a really smart guy but it is an opinion i'm goingrategy with this many other companies are trading at huge discounts. those are where i'm looking. the nasdaq is still you have 26% year to date >> it is that's why we love having you on it is a good point if you've owned these stocks for a while, you've probably made some money, which means, could we make a connection, could a selloff -- maybe i was wrong, you sell the big tech stocks that gives investors a lot of cash they've made a lot of money they might be able to put to work other names like you are talking about? >> right we've got our growth portfolio, income portfolio there are 60 companies between these, most of which are trading at a fraction of the market multiple many are still down. there aren't only five stocks to invest in. there are hundreds you can look at american express that is still down look at intel that is trading at 10 times nafent, at&t, verizons they do produce huge cash flows and have a lot of value in them. not necessarily value stocks but they offer value

we will be catching up with peter oppenheimer, goldman sachs international chief equity strategist.ket with the smallest of bids, yields lower. a single basis point, 0.67%. together with tom keene lisa abramowicz, i am jonathan ferro, heard on bloomberg radio, seen is bloomberg tv, this is kevin "bloomberg surveillance." ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> good data quality has been to terry rating for several years, but has been really bad during this crisis. >> we have been on an unsustainable trajectory in terms of continuing the low debt onto the balance sheet. >> what concerns me right now is the unemployed that remain are not getting as much. >> the fed is out of ammunition. t

scientist and he begins working for the on the earlyitain projects and he was transferred to meet oppenheimerther noted scientists. he has been passing things onto 1940 -- 1942? nancy: 1941 is when he started. >> he is very successful at it, very calm. no one suspects them. he slips right under the radar. people either like him because he is friendly. in this way, he is a perfect spy. nancy: exactly. >> what really strikes me about your narrative, when he moves back to britain after the war is working at a scientific institute and you found these transcripts. he came under suspicion and they started following him and tapping the phones at his house. you have the transcripts of these conversations. what a rich resource. nancy: hundreds of pages. they tapped his friends' phones, too. unusual, richery source for a biographer to have telephone transcripts. a diary is good but a telephone transcript is in the moment. were these transcripts declassified recently? in the last 10 years? nancy: they mostly came out around 2003-2008. telephones,e they they had bugs in his office. him being on the telep

that's from perform over at oppenheimer. price target established there at $185.ou the chart. josh was talk about it speaking of jon, he has unusual activity today it's up next you can watch or listen to us live on the go on the cnbc app we're back on the half after this i can't wiat to share at&t's big 5g news... (shouting through the glass) at&t has nationwide 5g? yup! and that's faster? faster, yea! but is it reliable? ah huh and secure! you should consider making a big deal about it! bigger? i said bigger! oh, big-bigger deal bigger than what i'm doing? it's not complicated. a 5g network needs a 5g device. now everyone including existing customers can get a free samsung galaxy note20 after trade-in. at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. i'm

futures this morning, goldman peter oppenheimer betting that tech will continue to drive returns in theull market. jp morgan saying overweight tech and pharma. nasdaq futures are under pressure. check out wti. as the demandrrel recovery is coming and flatter than expected. suggesting ongoing concerns when it comes to the supply and demand dynamic. let's check in on the offshore yuan. nomura cautions against chasing further gains as the appreciation has been driven by dollar weakness. the u.s. could slow export growth and stimulate imports, which may be against the goal of becoming self-reliant. haidi: we are getting more on these u.s. tensions. donald trump again ramping up the anti-climate -- china rhetoric and vowing to scale back ties with china. pres. trump: we will end our reliance on china once and for all. whether it is decoupling or putting on massive tariffs, we will impose tariffs on companies that dessert america. if they can't do it here, let them pay a big tax to build it somewhere else and send it into our country. we will prohibit federal contracts from companies that out

gets transferred in 1944 to los alamo's and there he meets -- to los alamos and there he meets oppenheimer and all these other noted scientists. at this point, he has been passing on things to the soviets 42?-- when, nancy: 1941 is when he started. >> he is very successful at it, very calm. no one suspects him. he slips right under the radar. say, people either like him because he is friendly. not a big ego. a perfect spot in some ways. -- spy in some ways. nancy: exactly. >> what really strikes me about your narrative, when he moves back to britain after the war is over, he is working at a scientific institute there you found -- they are and you found these surveillance transcripts. he came under suspicion and they started following him and tapping his phones and his house. and you have the transcripts of these conversations. really, wow what a rich , resource. nancy: hundreds of pages. and all of his friends. they tapped his friends' phones, too. it was coming and going. you have both sides twice. >> this is a very unusual, rich source for a biographer to have telephone transcripts. i me

oppenheimer does say they have viewed it as likely negotiations and not a breakup and they reiterate standalone value. to thinkr guys seem this might go through. a tough road to start. thatto hit on news reported astrazeneca had an issue with a patient in a vaccine trial and said potentially they are looking at neurological issues. we'll keep you updated on any headlines with that. that wraps it up for us. coming up on "balance of power" with david westin, senator mike braun, republican of indiana, will join him. ♪ ♪ ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. ♪ from bloomberg world headquarters in new york to our television and radio audiences worldwide, i am david westin. welcome to "balance of power" where the world of politics meets the world of business. we are joined by abigail doolittle. what goes

oppenheim are briefed the interim committee on may 31st, the leaders of the political leaders and warned them that within three years, they would likely have weapons between 707,000 times powerful as a hiroshima bomb. scientists were warning about this. you have to remember that seven of americans eight five star animals and generals in 1945 were on record as saying that the atomic bombs were either an militarily unnecessarily, moral morally reprehensible or both. and the most outspoken about this was admiral lay. he was truman's first chief of staff. the japanese row they were ready to surrender. use of this barbarous weapon at hiroshima and nagasaki was of no mature tour this -- in our war against japan. and being the first to use, it we adopted an ethical standard caught comparable to barbarians of the dark ages. and similar comments by eisenhower, mcarthur, king, they all knew it wasn't necessary and some of them recognized the moral significance of using. it because as you are saying, we knew there was no secret to the bomb and that other countries will be developing. scientists tho

. >> brenda, facebook, $300 at oppenheimer today. it's a price target raise. you own facebook >> we do facebook, if you look within the faang stocks, it's one of the more attractive valued companies. it's one everybody loves to hate, but with over 3 billion eyeballs on their platform, it's something that can't be ignored by advertisers we think the company will continue to do well. >> let's do some final trades. josh brown, you get the first one. >> simon property group. in the mid-60s i like the risk reward as a trade. i would use 60 as a support level for a stop loss. >> we're looking at simon today of about 1%. pete, what do you got for us >> i'm seeing some paper out there right now with zillow. i like this name already, so i'm about to jump on it, but i think this stock goes higher and breaks 100 >> brenda? >> i shares. >> united health i think this is way overdone this is the one you want to buy on weakness. >> we're digesting what the fed chair had to say along with the treasury secretary talking about the pandemic response. the dow right now is down ab

happened kron 4 news has learned the investigation is being conducted by the law offices of amy oppenheimer town manager of timber on says they have no further updates to provide in the police department spokeswoman said no one was available for an interview and did not respond to our questions at this time we know that iran police chief michael cronin is officially retiring on sunday town manager greg chances says he in cronin have been discussing his retirement for a while now his announcement came just one week after sergeant michael glossy resigned following the release of police body cam footage showing him and other officers the owners of yemen after hours. >>the store owners say there's been an outpouring of community support and they're hopeful the town council will resolve the issue and take the right steps to move forward and really hopeful about this investigation. you know i want to find out. why the resignations are happening why the retired army, the army's are happening. i'm really curious to know know what it is that they found. >>a wash and her husband have hired an attorne

happened kron 4 news has learned the investigation is being conducted by the law offices of amy oppenheimer the town manager of timber on says they have no further updates to provide in the police department spokeswoman said no one was available for an interview and did not respond to our questions at this time we know that iran police chief michael cronin is officially retiring on sunday town manager greg chances says he in cronin have been discussing his retirement for a while now his announcement came just one week after sergeant michael glossy resigned following the release of police body cam footage showing him and other officers the owners of yemen after hours. >>the store owners say there's been an outpouring of community support and they're hopeful the town council will resolve the issue and take the right steps to move forward and really hopeful about this investigation. >>you know i want to find out. why the resignations are happening why the retired army, the army's are happening. i'm really curious to know know what it is that they found. >>a wash and her husband have hired an a

happened kron 4 news has learned the investigation is being conducted by the law offices of amy oppenheimer the town manager of timber on says they have no further updates to provide and the police department spokeswoman said no one was available for an interview and did not respond to our questions at this time we know that iran police chief michael cronin is officially retiring on sunday town manager greg chances says he in cronin have been discussing his retirement for a while now his announcement came just one week after sergeant michael glossy resigned following the release of police body cam footage showing him and other officers the owners of yemen after hours. >>the store owners say there's been an outpouring of community support and they're hopeful the town council will resolve the issue and take the right steps to move forward and really hopeful about this investigation. you know i want to find out. why the resignations are happening why the retired timings are happening. i'm really curious to know know what it is that they found a wash and her husband have hired an attorney they

at 14 times earnings with the very big buy back >> indeed, jim finally we didn't get to gilead, oppenheimeres it to outperform i think i remember you saying yesterday that on the spectrum of pharma that's working on treatments this was not one of your favorites. >> no, and remdesivir its checkered. this is in my cramer covid-19 index, the worst performer since we started in the last week of april, down 17%, it's been a complete bust. counterintuitive for people who thought gilead was the one to own. all the drug stocks have been disappointing it's not just gilead, but gilead is the worst performer even though it's the one that got the most publicity when they did the remdesivir trials. >>> decent follow through on yesterday's session, although energy has is there independent into the red, let's get to bob pisani this morning, hey, bob. >> perennially neg slipping into the red right after the open, happens all the time tech is leading and we've got work from home stuff, zoom, electronic arts doing a little bit better today, the travel stocks are helping, the consumer discretionary sector let

nike is labeled top pick within our oppenheim infrastructure the price something we'll be reviewing.hat brian, john, thank you both for joining us. >> thank you. >> thank you ♪ >>> as we said a few moments ago, the dow did lose pretty nice bounce at the open of 175 points s&p has managed to see some chop between say 32.95 and 33.20. somewhere the middle right now as beginning to get some headlines from powell day two on the hill. >>> coming up on "squawk alley" chief designer of tesla roadster battery will tell us what we got wee ckstda 'rba in two minutes. makes it beautiful. state-of-the-art technology makes it brilliant. the visionary lexus nx. lease the 2020 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer. ♪ ♪ [ engines revving ] ♪ ♪ it's amazing to see them in the wild like th-- shhh. for those who were born to ride, there's progressive. hold the phone in front of you. how's that? get...get mom. power e*trade gives you an award-winning app with 24/7 support when you need it the most. don't get mad. get e*trade and start trading today. >>> good morn

home depot and lowe's, under pressure after being downgraded by el pasoheimer to perform from -- oppenheimerk factor both stocks have outperch perform period the s&p we'll take a quick break stay with us ♪ ♪ ♪ ♪ with the icon that does the same. the rx, crafted by lexus. lease the 2020 rx 350 for $409 a month for 36 months. experience amazing at your lexus dealer. ♪ you know limu,g after all these years experience amazing it's the ones that got away that haunt me the most. [ squawks ] 'cause you're not like everybody else. that's why liberty mutual customizes your car insurance, so you only pay for what you need. what? oh, i said... uh, this is my floor. nooo! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >>> good morning, everybody, i'm sue herera here's your cnbc news update it is the first day of early voting in richmond, virginia in-person voting is available at the local registrar's office or a satellite voting location. at one registrar's office the lines formed before it even opened up. in-person, early voting periods run from friday, september 18th, through sudd

oppenheimer withdrew their price target recently. market analysts who know their stuff who are at a loss for words on how to describe what exactly is going on this is the issue, what multiple do you put on unlimited fed support? how do you describe it that's what they're having trouble doing. in the past recessions were caused when the fed essentially withdrew accommodation what do you have now when the fed has essentially said we are not withdrawing accommodation anytime in the distant future. what is the multiple how do you assign it you are not in any historical pattern or precedent and that's essentially what analysts are i go is a, we are in uncharted territory and in the absence of that you focus on the drivers. the drivers are unlimited almost unlimited fed liquidity and the fact that the global economy slowly, very slowly, does appear to be improving. those seem to be the two things that everyone is focusing on want a little bit more on the bull/bear debate cnbc has a whole discussion on that very interesting times to be in i

it's due in part to analysts over at oppenheimer.or home depot to a perform rating it was a prior outperform. the target prices for both were lower. they still like the stocks medium term. feel like in the near term investors need to factor in a possible slowdown in sales growth post pandemic adding they prefer lowe's over home depot. also the discount valuations those shares lower premarket along with home depot. next up, shares of facebook up about a percent or so. 40,000 shares of volume pre-market the social media company is getting a little bit of help from morgan stanley. it's 295, it was 285 they keep the over weighed rating they have a bump up in profit expectations with reels and facebook marketplace we'll cap things off with shares of beyond meat down 3/4 of a percent. the plant-based meat alternatives is a mouthful it gets downgraded to under weight it was neutral before. they keep the $122 price targets. they say the stock at current levels is over valued due to increasing competitive pressures from impossible foods which

oppenheimer says the excuse is getting old. got too expensive the outlook is bullish on both. i-shares, home construction etf, it is heavily weighted in the homebuilders. they're confident, as you know a record high. quickly s&p etf. this is broader play on housing. you have material names in there. retail related names in there. so that is the broader play. after that good existing home sales report, they're up today. david: absolutely. good suggestions, lauren. thank you very much. >>> meanwhile online car sellers on your screen, they're way up. carvana up 27%. ashley, this is extraordinary. why are they up so much now? ashley: again a different world after the pandemic, david. a couple of stocks in this online used car business gaining i hate to say it but i'm going to, some nice traction. david: oh, ashley. ashley: i know. stu would kill me. start with vroom, upping price target from $62 from 60 bucks. it has a long way to go for the online platform. vroom is expected to take market share from small auto dealers because of

happened kron 4 news has learned the investigation is being conducted by the law offices of amy oppenheimerof timber on says they have no further updates to provide in the police department spokeswoman said no one was available for an interview and did not respond to our questions at this time we know that iran police chief michael cronin is officially retiring on sunday town manager greg chances says he in cronin have been discussing his retirement for a while now his announcement came just one week after sergeant michael glossy resigned following the release of police body cam footage showing him and other officers the owners of yemen after hours. >>the store owners say there's been an outpouring of community support and they're hopeful the town council will resolve the issue and take the right steps to move forward and really hopeful about this investigation. you know i want to find out. why the resignations are happening why the retired army, the army's are happening. i'm really curious to know know what it is that they found. >>a wash and her husband have hired an attorney they hope an