we are excited to launch the barstool sports book so we have partnered with penn national, penn national'she largest casino retail casino operator in the country. that gives us a massive footprint, a very big casino establishment to put sportsbooks into. we are launching our app, you know, aiming for september and the nfl season. there will be a couple things that are different. one, everyone at barstool will be using the barstool sports book. we will talk about it all the time online. we are going to have a hand in creating the parlays and thinking about the bets. we are going to have some fun with it. when you look at sports betting, there's really two things that really matter. one is brand and the other is consumer trust. we have those two things in spades and now we are just building the product with our partners at penn to really back that up, and to give bettors a great experience and to enable them really to have some fun with it. liz: there is one major piece missing. that's live sports. we know mlb has finally come to a deal. they are supposed to start in a couple weeks. nba is s

we have draftkings down 5%, penn national gaming down 3%. well, profit taking is the logical answer, folks. year to date, draftkings is up 279% and penn national gaming is up 147% year to date. >>> all right. now let me get to apple's virtual worldwide developers conference, where only apple can reveal old school picture-in-picture and make it the coolest new iphone option. if you are watching a movie or let's just say a cleveland browns game, or a random video, you can now do other things while continuing to watch your program on your phone. picture-in-picture. remember surround sound from the '70s for movies like "earthquake"? apple's super-charging its new airpods pro to replicate that movie theater audio that feels like it's wrapping around your ears and there is the indication of it. but that can't be the only reason the stock is climbing a couple of percentage points. to susan li, who watched every second of the conference. susan, what is the tech the world is most chattering about at this hour? susan: well, apple pretty much confirmed

man, oh, man was that a fabulous buying opportunity i'm glad we stayed with it penn national state, the stools, everybody in part because big institutions love the fund raise that this company did $700 million via new stock in debt. they surged to a new all-time high $40 and change and pulled back as covid cases spike. with sports on the verge of coming back, what could we have got here and have, the, let's say people that brought three b sellers. let's take a closer look with an all star-behind the pen national gaming story, president and ceo bar stools sports founder and bar stools ceo erica, mr. snowden, welcome back to "mad money. >> thanks for having us. >> jay, i got to tell you. i didn't think when we reopened everybody would come that was wrong as you reopened, it seems like there is more enthusiasm than ever even though there is not a lot of good free food and you can't kind of codo it the way y did. >> look, jim, like many of us, we've been sitting at home for the last several months and when you have an opportunity to go outs and do something that's fun and safe and entertain

he's got a huge investment in penn national. they are partners. he's active in the airlines and cruisers he's funny about it if you follow him on twitter. he has a big following he's moving stocks his people want action he's giving them in spades my view, i'll save it for tomorrow now, of course, there are plenty of other names that keep being bid up by all three groups, retail, the europeans and mutual funds. most of the cramer covid-19 index for example. these stocks thrive in an environment where people are stuck working at home and keep being swept up in the buying which is meant by few sellers because like in 1987 they know the buyers will be back so why sell today that's a terrible philosophy, believe me it works until it doesn't. i can't do anything about the european buyers and fund managers think we're dead wrong but i hope i can reach the home gamers that come in during this incredible run take some of your winnings and invest them into high quality stocks ideally, the next time we get a pull back, i don't care, i'm not looking for actio

covered casinos and gaming, there is a difference between, say las vegas sands and mgm versus a penn nationaling what can we look at in terms of who the outperformers will be given what we know and don't know about the covid-19 situation right now? >> it is a good question very good question, the key question when we look at regional markets, what we know is more than 80% of the revenue they generate comes from the gaming floor. of that, more than 80% is driven by slot machine revenue. much different from what we see in las vegas where less than half the revenue is coming from the gaming floor and so much is coming from restaurants, entertainment, big groups and conventions that come to town. the implication of that is that the regional markets which we point to which we have been positive on since the outbreak began are people who typically drape within an hour and make very regular visits. their spending patterns tend to be very regular. they get more than 75% of the revenue from 25% of the customers. while only part of the floors are open, they are making sure that 25 pirs of the customers

and penn national gaming up one 4.3%. smith & wesson is off about 2.25%. estimates.eat there is plenty of demand for guns given the pandemic and racial unrest, but sales in its other units, the outdoor sport business and camping business severely impacted fourth quarter numbers. there was a loss of $66 million, after the company took a right down of $99 million -- a wr writedown of $99 million for its non-firearms business. david: thank you very much, scarlet. today is juneteenth, it has become known as juneteenth, and is particularly powerful this year in the wake of the killing of george floyd. welcome now congressman al green, democrat of texas. he represents parts of houston and the south side. good to have you with us. juneteenth started in texas. it has now become a national holiday, de facto if not the jurde jury. give us a sense of how important it is for the country? rep. green: thank you very much and happy juneteenth to you. it is de facto. and perhaps we will have it de juri. there are members of congress and the senate who would like this to o

se mgm, which has a few hotels on the strip is up more than -- and the best performer has penn national gaming. i guess that's what closing the buffet will do for you nick la is the new kid on the block, it's nearly doubled, we'll speak with the first analyst who initiated coverage >>> plus major changes are coming to a mcdonald's near you. we'll tell you exactly what they are. and are there better economic indicators that can be used to gauge the pandemic recovery? we'll explore ahead on "the exchan exchan exchange." can i find an investment firm with a truly long-term view that's been through multiple market cycles for over 85 years? with capital group, i can. talk to your financial professional or consultant for investment risks and information. ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeah ♪ hey, hey >>> investors are rewarding people out there i think nicola is unique. the we're the first zero-emission semitruck on the nasdaq , and that's why you see such a good response. >> that good response he's talking about is the stock nearly doubling since going public through a reverse merger two weeks ago. i

penn national gaming losing some of its steam after rising as much as 7% earlier in the session.he casino owner confirming it has resumed operations at 30 of its 41 casinos across the u.s. meantime, spotify, rosenblatt raising its price target on shares to a high of $275 saying recent star-studded deals with podcast key rogen and kardashian will give the streaming service new pricing power on subscriptions. coming up next, amc, well, flipping the script, less than 24 hours after saying moviegoers could choose whether to wear a mask to the movies. the theater chain now announcing they must wear a face covering when their theaters reopen on july 15th. in his first interview since the first reversal, the ceo of amc joins liz next. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a te

resorts, which really relies on residents who live in clark county, is off more than 9% then you see penn nationalit-taking after all penn especially has seen a massive triple-digit run-up in stocks over the past three months, but it has casinos in a lot of places where it's see infections rise. there's a lot of fear that the spikes in california and arizona will keep people from driving to las vegas. that and the locals are driving what revenue is coming in right now. we're hearing about the high-profile athletes testing positive that introduces a warning about plans for sports to return being disrupted, thereby sports betting. the governor has so far not issued an order to wear masks, but he's holding a news conference tonight i'll be watching to see if that changes. if rising infections interfere with the economy, it means fewer people with jobs or disposable income to go to casinos and spend. >> i thought it was interesting that they were paying people $20 to wear a masks. >> they handed out 400 $20 to play to two pat rons they wanted to incentivize this responsible behavior why not take a ste

long term penn national has a lot going for it they have very little competition because it's a regional operator and pro sports will come back and gambling. when that happens, jay snowden who i like much, there are renewed covid fears as outbreaks make it less likely sports will come back and fewer gamblingeblo the casinos. it's a long-term investment. second is the highest risk of the covid vaccine. in terms of the race for a vaccine, johnson & johnson all tightly clustered with moderna if moderna fails, they lose a fortune. if the others fail, no big deal. i hate how they talk positively about the vaccine and dump the stock. one star rallied today as covid cases spike and so did other vaccine plays. third is tesla, the stock i loved for almost 700 plus points i like more after today's 4% pull back based on negative quality. four star, five if it keeps coming down. fourth, there is royal caribbean. this is a well-run company in a terrible industry. there are lots of trips being booked but the companies can't cruise and the day they can reopen keeps getting pushed back nor regieg norweg

. >>> deutsche bank cashing in its chip on penn national gaming, downgrading the casino owner to a sell. interesting. didn't redler just say get rid of some of the casinos? db citing valuation concerns, arguing the company's 50% stake in barstool sports won't see any payoff in the near term, with sports betting at a standstill. shares down 4.6%. >>> talk about a gamble. the odds heating up on who 2020 hopeful joe biden might pick as his running mate. before you go placing bets on that, you got to hear who charlie gasparino says is moving up in the ranking. charlie breaks it next. look, this isn't my first rodeo... and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mo

one news why i like penn national game and only valued at $4 billion i don't know explain this to me, david. he owned the gold nugget and bought the gold nugget >> he owns golden nugget and started golden nugget online gaming and has this spac which he is with landcadia and it's a blank check company they're buying and now buying this from him even though he'll still end up owning it, most of it >> $474 million. what does it do? in this market, what does it do? >> i know. >> fertitta will still hold a controlling economic interest and controlling voting interest in the combined company but, of course, like all these spacs the voters need to vote on it and that almost always is the casein if they're told not to the case with the global blue that was going to get bought from silver lake and that's going to get nasty in terms of the lawsuits that are piling up there. but that's a separate spac issue. but it just keeps going. >> what does it say to you, david? what does it say to you? >> it says level of speculation is quite high. >> i mean, look, there is one that has a really funny tort

have, have to, have to watch on twitter his assassination of the deutsche bank guy who downgraded penn nationalho he now works with i mean, it was the kind of thing that, david, you and i might joke about off-camera after maybe 40 margaritas and it is so brilliant. i mean, it is just like he wipes the floor with the deutsche bank guy. and you can argue maybe that's wrong, but you could argue, well, hold it, who are we to say -- i mean, there is that guy, he might be the u.s. attorney soon, clayton, he was on, i mean, does he -- do they know anything about twitter at the sec? do they? >> i think they know some things. >> what do they know >> i think they know some things. >> what do they call them? >> i don't know. >> if you follow -- >> clayton has an interesting road ahead for him there was an interesting memorandum of understanding, by the way, between the sec and the department of justice yesterd yesterday -- >> what do they understand >> you have to keep an eye on sort of trading and on the proxy advisers it sort of opens up a way for them to keep a closer eye on a lack of competition or at

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investors have been betting on gaming stocks with names like penn national, caesars you were like theain guy, the axe on wall street now this is you. why not go out on your own, right? good morning fascinating reading your comments things have gone too far too fast things gambling have been hit with a lot have hotels and sitting with and gaming with each other that's bad it is just a triple whammy of head winds how do they reopen >> it was the perfect storm on all fronts for las vegas and the gaming industry. there is a big push by every operator all the governments involved to get gaming open. you'll see the beginnings of that in las vegas it is not the environment we had seen before plexiglass no restaurants close by. limited food and beverage in terms of nighttime offerings no shows i applaud the efforts to get open. my prediction is not one casino will make money. they'll get open but you scratch your head and say to what end? >> why do you make a point it will be the low-end rooms that get filled up. you need the high end guys and gals to come in. why low end? >> since the terms

it could be hyatt and penn national gaming. have these investments what happened is some have been amazingly punished with hyatt corporation the stock went from 90 to in the 20s in a week or two and because the algorithmic trading has given people a chance to panic bear markets used to take a real long time. it took people a long time to absorb the news and then to react and sell now you can sell overnight, of course, you don't get the price you want but you can sell overnight, quickly, sell everything they sell everything they drive prices to levels that are unbelievable in the case of schwab, for example, they were telling me the volumes they saw in retail investors were 3.5 to 4 times what they had been in november 3.5 to 4 times and he said, people are just selling everything investors are selling everything they're selling stocks, they're selling bonds, they're selling gold, they're selling everything to me that emotional reaction is something we see everything on television, those emotional reactions give opportunity for

i love his deal with penn national and they've done so many, look, they don't have sports when they go he's been on my show a couple times. he's just a very smart guy and he's very entertaining and admits that he lost money at the beginning. very open about his wins and losses you could say maybe he's not doing it the right way or maybe we're not doing it the right way. i pass no judgments on people who want to be in, but do better >> it is possible now to lose money in sports, jim i lost money even though i had xander to win that tournament. he just hit two 35-foot putts and i lost i was going to get 4-1 or 5-1. anyway, so, it's possible to lose doesn't matter >> but think about it. you're a very good golfer and a lot of expertise and you didn't win but i think that anyone who says, well, joe doesn't know what he's doing is a big mistake. let's educate and get people to be helped and everybody does better. >> i agree becky, did you have a comment for jim? >> i was just going to say i watched "daily day trader" at the close on the day the market was down like 1,000 points and i logged

also take a look at some of the stocks that have been trading quite positively since april, even penn nationalaming announced that 70% of their operations are working right now so they are trying to get that recovery going. and there's even one stat from the american gaming association that says roughly almost 4 in 10 americans are either sports betters or potential sports betters. since we are talking about gambling, there's something else you can do that's a little bit different with the belmont stakes. you can own a little piece of the pie. that's max player. max player is a triple crown contender, has 50:1 odds. you can invest $100 and own a little piece of that horse. yes, it's a new thing that they're doing. it will be the first female trainer as well. potentially that could be soon, too. as you can see here, races are starting off. they are doing events at 1:15 p.m. it's empty, though. but we will be watching from maybe behind a tv screen or computer screen. this is what sports betters and fans alike want. back to you. stuart: good stuff. kristina, thank you very much indeed. all good.

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still to come today, academy-award winner activist sean penn will join us on everything from the protests across the nation to helping combat the coronavirus we've come off the highs as the president now urging new york city to activate the national guard. we're back in a moment dolph lundgren, you've got a one-sixty i.q., a master's in chemical engineering and you're technically a genius... and it appears you're quite the investor. i like to trade. well, td ameritrade has pros ready if you need help, say talking through a new strategy... ... just in case things, you know, get a little rocky? i'm sorry on the upside i think that's waterproof. maybe not... ♪ yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit

from ash and the japanese say goodbye which is a finalist for the penn book award and she's written for the new york times, salon, national geographic and other publications and has been on top of the nation all things considered. he is a core member of the rainier writing workshop and visiting writer in the nsa program at st. mary's college incalifornia . she lives in san francisco and is coming to us from the monterey peninsula in california . please welcome marie mutsuki mockett. >> thanks for having me, i'm so glad we get to meet even in this sort of space. is that for me, is that a few for me to start my presentation? >> so i have a few. i will start with a few photos that i have, a little presentation around "america's harvest" to explain what it is to you. the opening line is this is the land of primary colors so here are sort of some of the primary colors that i referred to in thebook . these are a couple of large combines. i think most farmers i know, people outside of farming refer to them as combine harvesters. this is kind of the backdrop against which american harvest is set. andto give you a little bit more

i see the national guard sitting at penn station. them and they are nowhere to be found and mayor and governor aren't even communicating about a curfew. >> yeah. i agree with everything that was said. we need help. the nypd cannot do this alone. first of all we need the community's help. we all have to be on the same side to protect our city. but if there is this divisiveness and this hate for law enforcement, they can only do so much. when you see this blatant attack it's the community with our politicians, our political leaders have to be on board. everybody working collectively together to we support your. what happened t george floyd is horrific. what we are seeing now is not great city of new york. brian: oscar, is it possible to counter this organized opposition and do you view it as organized opposition? >> most definitely it's organized opposition. and the thing when we look at first thing we need to do is thank the police officers, the women and men in blue. brian: ,. >> who put their lives on the line every day to serve and

the national guard sits at penn station every single day. unbelievable.'t they implemented? mark meredith. ainsley: they have it on tape. maybe they can use that tape to prosecute downtown road. >> they are all wearing masks and running 10 100 miles per ho. these guys where are their parents 18 to 30 years old. i don't see one middle aged person in there mark meredith is on capitol hill with a look at the destruction. mark, what are you seeing? >> brian, good morning. later on officials will get a chance to surveil all the damage in washington, d.c. after protests protests turned into riot. this was prosecutor chaos. lafayette park. area adjacent to the white house where secret service were trying to keep people back. that did not stop protesters from throwing things like rocks, bottles, fireworks, you pretty much name it. they were being thrown at the secret service. at least 60 of their uniformed and special agents were hurt over the weekend. we think that number is a whole lot higher. across the nation's capital there was a curfew imposed last night an

there for egypt believes that it has a national no moral imperative to do everything in its par to improve the lives of that despicable girl reason and to to penn a mother says cries for her so that they don't have to trade hours to collect firewood the unfortunate reality is that hayden and maddox are still being carried on for a really long distance due to lack of electricity to access live saving emergency medical care they miss ocky and the rest with that breaking a lot of firewood. on their shoulders a lot of stock a daily reality once complicated the dam will generate 15700 juggle of power and one bringing electricity and not reporting the thing for a dignified life to all more than 65000000 people who currently live in complete darkness that is why we are in processing again and again that gerd is a development project and it cannot in any way be a matter of security threat if there is a security threat there to be discussed it has to do with the fact that there are millions of critter bins living under the poverty line that dan is meant to uplift this people and in a way it is a virgin a potential threat rather than causing any sicking

as the nation gears up for a possible second wave of coronavirus, testing remains critical but many communities are struggling to provide the tests and actor sean penn'sation c.o.r.e. is bringing free testing to areas in need. his latest partnership is with new york state and sean penn is here now to talk about this. sean, thank you so much for coming on to highlight the work you're doing and if you can just tell me what kind of impact the surge have been having on your testing sides. >> thank you for having me. you do your job very well. great to see you challenge that used car salesman selling everything and saying nothing about what's going on in the country right now. so the test sides we started with c.o.r.e. in los angeles under the direction of governor newsom and the mayor. that model was one we were able to move out throughout the country. all of the people that work for c.o.r. evident are people from those communities who we train and get -- try to make partnerships with governance and community groups and the case in new york also where we're very, very lucky to be working with governor cuomo. >> and i wonder as you oar looking at what we h

national guard. that's not lost on a lot of people and certainly not on the "washington post" which said the per session of the penn leaders went along to use military force against domestic protests has caused the biggest civil military crisis in more than a decade. are military leaders from what you're hearing, from your friends and people you served with, maybe people in the military, are they now re-evaluating how they deal with this president? >> yes. i think they're constantly re-evaluating. they see him constantly crossing the lines. to have general milley either volunteer or be dragged into a photo op where he is wearing a battle dress uniform, to march down to the church so trump can wave around a bible and threaten to deploy our military. we've never seen that. to have general milley while he's still serving as cheryl of the join chiefs say he made a mistake. the only thing he didn't say was the president did it to me. that's a real important point. if the president dragged him along with him. tomorrow the president will try to do a victory lap on the coronavirus, and create the ultimate spiking of the fo