all right, overstocking its user base, overstock ceo jonathan johnson, no doubt, basking in the glowin us, live. how he plans to keep the online pandemic pop from going bust, plus we'll ask him what the t-0 backer has to say about the latest crypto rattling headlines, that are coming out of china. >> and i'm spending the weekend with warren, not exactly but i'm watching all the action from the virtual berkshire hathaway annual shareholder meeting and i will be live blogging it all via twitter. do me a favor, follow me@liz claman, the action gets started saturday 1:30 p.m. eastern time. i hope you will join me online, he always breaks news. closing bell ringing in seven minutes, we are coming right back. we're looking at records for the s&p, stay tuned. ♪ ♪ it's the biggest thing that ever happened to small. visit your local mercedes-benz dealer for exceptional lease and financing offers. . . like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. bec

>> overstock, far and way. the larger cap names, wayfair.rstock basically was able to leverage the pandemic-led spending in the home category as was wayfair, and what makes overstock so interesting now is that it has a portfolio of 19 investments in blockchain. incredibly well positioned with the coin-based direct listing comes out. and for wayfair, they were able to prove they could achieve profitability and now sustain profitability. i would put overstock and wayfair in the most improved category in the internet, ecommerce space. >> wow >> okay. thank you both very much for your takes. see you again soon >> thank you >>> as we head to break, take a look at shares of box, sliding down over 9% the company announcing a $500 million investment from funds run in a appreciaty equity fund receiving convertible preferred stock. box will use those to repurchase up to $500 million of its common stock. >>> we'll be right back. stay with us. >>> finding guidance to channel people like her. forward the risk ease out and advice the policyholder, where t

we at overstock have invested in a block chain based voting app company called votes it provides safemartphones. we need to make it easier for people to vote and we need to make it trust worthy so that people can ultimately know that their vote was counted as dthey cast it. >> yeah. jonathan, i go back to the last election and to what were baseless charges against a couple of companies in the technology area that were dealing with voting, and they were questioned. i mean, you know, i guess anybody who doesn't fully believe in technology or understand what's really happening could actually question the outcome over a vote even more so if they aren't just going into the booth and filling out a piece of paper do you agree >> well, i do think we need to have an audible paper trail. the votes app, mobile app, provides that. i think part of what the problem is we make it so hard to vote. we make standing in line at the local junior high school or library a requirement. in the 21st century, we do so much on our smartphones, we bank, we go through tsa, we trade stocks, all on our smartphone w

chipotle's done, overstock up 9%.orary reduction in the number of people getting their jabs, domino's pizza, ebay, amazon are all moving higher at the moment by about 1%. but the lure of the big screen is still boosting movie theater chain amc. shares up 3.5%. this jump is particularly encouraging for the reddit crowd considering viacomcbs paramount's pictures again delayed the release of top gun: maverick, moving it from july 4th all the way out to november? are you kidding me? we have to wait til november to see this thing? yeah. well, moving higher by 2.33%. >>> there is a battle brewing in washington, d.c. between the credit union industry and fin-tech the as the latter has started encroaching on traditional banks services, but they're free of stringent regulatory oversight that the credit unions have to face. ceo and president of the national association of federally-insured credit unions, dan berger, is here with charlie gasparino. charlie are, take it away. >> let's get right to it, dan. thursday, i believe, th

shop around, and make sure that you have that product that you need without overstocking. >> some lower prices may return at some point, many high prices may be here to stay. the price of the pandemic coming soon to a store near you. kristen dahlgren, nbc news. >> we'll have an update for you on the state stimulus checks now being sent to californians. 6 million people considered low income are eligible. anyone earning less than $30,000. people who filede march 31st may have received those payments already. people receiving the maximum $600 include people who received an earned income tax credit last year. you have to have filed your taxes to qualify. the deadline to file taxes, if you haven't done so already, may 17th. some new help for those trying to make it in the bay. and this looks like some good news for people looking for housing in the tri-valle dublin leaders, this will include more apartments near west dublin. here is a look at some of those renderings for you. approving $10 million for the project. there's still no timetable yet on when that construction will begin. a possib

and make sure that you have that product that you need without overstocking >> reporter: while some lower prices may return at some point, experts say many high prices may be here to stay the price of the pandemic coming soon to a store near you. kristen dahlgren, nbc news >>> up next for us here tonight, the life-changing surprise that's inspiring america. >>> finally, i want you to meet a remarkable woman who had an impact on generations of college students how they paid her back is inspiring america ♪ happy birthday dear jessie ♪ >> jessie may. >> reporter: for 14 years jessie hamilton was the backbone of fraternity as the house cook. >> she just cared for everybody and she wanted to make sure that everybody was taken care of. >> we're here to thank you for that >> reporter: so when the alumni gathered to celebrate her 74th birthday, they decided to take care of her. >> we're going to pay your mortgage off. >> oh! lord >> that day was the best thing ever happened to me in my life for those young men to help me. this was jessie's day. >> jessie's day. >> reporter: jessie's day came with

overstock is higher.a volatile name but never disappointing on that front. let's get over to rahel for a cnbc news update >> derek chauvin's criminal trial was the first inmin minnea to be broadcast live and lit not be the last. allowing live broadcast does remain in effect court officials will allow live coverage when the other three officers go on trial in august >>> starting today, new orleans is dropping capacity limits for businesses, restaurants and bars although social distancing must be maintained and city is keeping its mask man date. you can see how businesses are roping from florida to california tonight on news with shepard smith. >>> one quarter of a billion dollars. that is what sony paid paul simon for his song writing catalog. that's less than the 300 billion plus bob dylan received. kelly, back to you >> we talk about spotify and how much they pay artists but if you can sealll for that much money >> yeah and good music never goes out of style. >>> the eu versus apple. a shot to get back t

the crash which their calling a flash crash is having a contagious effect on block chain stocks to overstock and some of the other names, you can see there down more than 7% a piece. this came over reports that the u.s. treasury is planning to charge financial institutions with money laundering using crypto currency. i want to bring in david kelly local strategist. we are looking at crosscurrents of both equities and market areas from cryptic to commodity but let's tackle what effect you think volatile crypto sentiment might have on the broader market. >> i think the problem, a lot of the exuberance around crypto currency has really been emblematic of too much liquidity and markets in the first place. i am no fan of crypto currency, i think in the long run they will be supplanted by digital currency issued by central banks or issued by commercial banks, the problem with the currency is a currency as to be a stable unit of stored value in the stable means of transactions and bitcoin or any of the other crypto currencies don't meet that criteria. i think the surge that we've seen is excessive

great prices online, shop around, and make sure that you have that product that you need without overstocking>> reporter: while some lower prices may return at some point, experts say many high prices may be here to stay. the price of the pandemic coming soon to a store near you. kristen dahlgren, nbc news. >>> we normally have larry gerston on our show but we're having technical difficulties. we cannot wait to get everyone back in person hopefully in some months soon. at 7:47, still ahead on "today in the bay," vianey has a look at your microclimate forecast and showers on the way, next. >>> more public school students in san francisco finally returning to the classroom. what the district is doing to try to keep everyone safe. >> plus hockey lovers have been waiting for this, what shark fans can expect when they run to the s.a.p. center. >>> good morning. buenos dias. off to a cloudy start. little plant, scandepsis trebu moonlight. it is our plant for the day. we are under a microclimate weather alert. you might be thinking it seems calm right now. it is through it hasn't rained in a while.