dave portnoy joins us after the break. ♪ dave portnoy joins us after the dave portnoy joins us after bottom line is, moms love that land o' frost premium sliced meats have no by-products. [conference phone] baloney! [conference phone] has joined the call. hey baloney here. i thought this was a no by-products call? land o' frost premium. a slice above. ♪ >> tucker: probably no single american in history has accumulated more power without being elected then dr. tony fauci. most people had never heard of him before four months ago. now he runs the country. how does he you've use thats power? often to promote wild speculation that is taken as gospel by millions of fearful americans. at one point, he told us that the coronavirus was so deadly, we should never shake hands again. there goes one of the oldest terminations known to man. he also endorsed breaking lockdowns to have sex with strangers you meet online. he warned the coronavirus is so dangerous that the entire nfl season may have to be canceled. dave portnoy did not vote for anthony fauci. he did, however, found barstool sports an

dave portnoy did not vote for anthony fauci. however, found barstool sports and we are happy to have them on tonight. david, do you think that our unelected monarch tony fauci is making the right decision by destroying america's most popular sport? >> the good news is i don't think he has any actual influence on it and in a rare situation, the only man who thinks he was elected without being elected by the american people more than him, roger caddell, he would infect his own family with corona before canceling the nfl so i don't -- why he has the right to say that they're not, you can certainly say it may be danger about the way he phrased it it was like he was the end all beyond that. i would as be very curious to se if he tried to actually install that regime versus the roger goodell regime. >> tucker: i didn't hear or think single thing you said after you complemented roger goodell. >> it wasn't exactly a compliment, i did say he would in fact his own family with coronavirus. roger goodell does not care about safety or anythi

. >> reporter: at the beginning of may dave portnoy invested a million dollars in spirit airlines.e said almost at the same time as this news broke. >> berkshire hathaway has sold its u.s. air lines stocks. >> reporter: it was based on his view. as his stock doubled. >> i said, warren buffet, that old man, i'm better than he is. >> reporter: before the pandemic was better known for being thrown out of the super bowl and harass being female journalists including a year's long campaign against espn host samantha ponjer. he dismisses this saying his style is to make jokes. i've always been an avid sports gambler and once sports stopped i was looking for something to do. >> reporter: in march he put $3 million of his own money into an e. trade account, ddtg and coined a simple mantra. >> stocks always go up. >> reporter: for several months the s&p 500 proved him right. the markets surged to its marleaus, portnoy tapped into and somebody helped fuel a flood of amateur investors into the market. commission free sites reported big jumps. >> what dave portnoy has done is he's made investin

. >>> and brady versus portnoy. the five-time super bowl ring wearer and blogging rock star going head-to-head on instagram but whose side is barstool sports' ceo on? the lead grownup in the room of barstool sports is here live on that in just a few minutes. >>> plus the new app for betting that barstool was getting ready to launch. plus, back in the covid bull's eye. you have the mouse house there. the ev monster truck battle heating up and charlie is about to break it on a big story. less than an hour to the closing bell, let's start "the claman countdown." liz: breaking news. apple has just announced that beginning tomorrow, it is closing 14 stores in florida in locations including miami and boca raton. this as covid-19 cases are starting to rise at an alarming rate. now, this is separate from the seven stores in texas that the iphone giant said it would close, and that was announced yesterday. so we are watching this as we speak. it is a work in progress. things are developing rather quickly in this final hour o

with an army of traders backing him up, dave portnoy joins us.>> thanks for having me. charles: let's talk. initially i know you got in this. there was a lot of fanfare. you admitted there was some growing pains. explain, just sort of the process. you started doing some trades. what did you learn and adjustments you quickly made? >> so, yeah, when i got involved, i learned what shorting the market was. so i bet against boeing a little bit. i bet against lululemon and i got my butt kicked. then i realized that the stock market has affect on the real world and vice versa. it is its own universe. that the wiseguys on wall street, pinstripes suits have the thing ringed to their benefit. once my brain adapted, figure ited out, i quickly realizes stocks only go up. we bet on stocks going up and they keep going up. so since then it has been a pretty easy game. charles: yeah. i got to tell you, dave, when this whole thing began i came on tv a lot. i've been doing it 35 years. i begged people not to take losses. if you had the fortitude and where with all

video of warren buffett throwing pitches of portnoy and he keeps circling the bases >> do you worryportnoy, he is recommending some of these really small stocks now. >> i don't like that that's a bad call. >> what's he doing is he recommending stuff -- there is no -- no regulation that stops him from saying whatever the heck he wants and then selling it once it goes up based on the people who are following him, jim. >> i don't like that. >> he is not under the regulations we have where obviously we can't own stocks, we can't own corporate bonds, we can't own options, can't virtually own much of anything other than etfs. >> it mazes issues but i think that the opens of baseball season he said on air with me that he's ready to do sports he likes stocks, but there's nobody better in sports and he's having a good time in stocks again, i think having a good time what he thinks is different from my good time. my good time is saying, do you know what, what a great thing, facebook has done a big -- i will sell half my facebook and play with the house's money. that to me is a great time thes

. >>> plus dave portnoy joins us to talk about the explosion in retail activity. "fast money" is back in two. 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. talk to your financial professional or consultant you say that customers maklet's talk data.s. only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g - everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. that's good. next item - corner offices for everyone. just have to make more corners in this building. chad? your wireless your rules. only with xfinity mobile. now that's simple easy awesome. switch and save up to $400 a year on your wireless bill. plus get $200 off a new samsung galaxy s20 ultra. >>> welcome back to "fast money. lennar was su pouzed to report tomorrow morning but results are out tonight. let's get to diana olick who's got the

guy: ok, another controversial time from david portnoy. been happening in the sports world or the lack of it, he has turned his attention to the stock arc it and he think -- market and he thinks he is crushing it compared to warren buffett. it is indicative of a market that people are scratching their heads about, particularly the rally over the past few days that people believe has been driven by fast money accounts, fast money retail accounts, and whether that is durable. today, the lack of durability of whether that rally has been built on that. bringing up the comments from david horton oil -- david portnoy, we need to reference with this, but another controversial remark from the guy. it is worth talking about, so let's have that discussion about the stability of this market. joining us now is amy wu capital equities derivatives strategist. welcome to the show to talk about what is happening. a lot of people have concerns about the equity market rally over the last few weeks, that it has been built by fast money in the retail space an

i'm referring to our story on boston -- barstool sports with david portnoy having an army of day tradersprocess on income and inequality and more with stephen kleinberg from rice university, that is next, this is bloomberg. s is bloomberg. vonnie: this is "bloomberg markets." i'm vonnie quinn alongside amanda lange. black lives matter started on social media as a message anna #. hashtag. it grew into a movement. begins ins matter 2013 when a neighborhood watch volunteer in florida shot and black an unarmed 17-year-old. the shooter was acquitted, there was a post that said our lives matter, than the phrase black lives matter. smartphone images of the deaths of michael brown and eric garner galvanize the movement. protests started in missouri and new york. tock lives matter aimed reduce deadly encounters between police and african-american. police to where body cams and quit using military style equipment. also lives matter movement wants the community board to oversee the police department. it also shines a light on income inequality and is one of the cities in the focus of our next guest

a guy i had on last night, kind of like a dave portnoy genius, but, david, paypal, maybe it's at 200ecause it has to get to 300. that's maybe what's happening. and maybe you are just too old. >> it's been a busy week in payments overall, jim. we will talk to michael mebok of mastercard in the last half hour oppenheimer cuts it to market perform, they think visa will take share amex was cut to sell by ubs yesterday. stls a lot of things about share being split. there's cross-border travel, there's european business maybe being a little better than u.s there's a lot to consider right now. >> carl, there was an article in the journal about how alphabet is not getting the traditional travel ads we heard thought from our own network. of course they're not. there's not as much cross-border as there was this is a whole group of stocks that i think are fraught, they can go down. these are vaccine stocks if you get a vaccine you want to short mastercard a vaccine. i mean, i've never seen anything like this in our markets if j & j or regeneron or gleaxo or pfizer, oxford, if they came up with

that that's the case, and i'm going to push back on what tim said last night after you talked to portnoy and that they do there's no statistics that we could trot out we can only go with anecdotes but the one closest statistics we can have is in the options market they break down trades by the size of the trade. small trades of less than ten contracts or more have exploded in orders of magnitude in the options market many times before, higher than the previous peaks so much so that they're powering the entire options volumes, overall volumes higher as well too. the number of trades of one contract in the options market is approaching 15% to 20% of all trades from practically nothing a year or two ago so, you could see it in the options market unfortunately, we don't have the similar statistics for the stock market, but we do know that they're there, and prices set at the margin and they are the marginal buyer that is new to the market in the last several months >> so, you're on this trade, you're, you know, riding this rally, jim at what point do fundamentals enter the equation or do you

i think david portnoy circumstance, portnoy's complaint i think deleterious to stock prices.fore. i saw this in 2000 when the public was in. i seen this in 1987 when the public was in. i saw it in 1972 to 74 when public was in. this is indicative circumstance. i think this is bearish market getting. weaker not much stronger. stuart: on that note, dennis gartman, we always like hearing from you. thank you for being here. >> always an honor, stuart. stuart: thank you. number of virus cases reported in the country hit record levels yesterday. which states, ashley? you got the numbers. which states are seeing the biggest changes. ashley: look to the south and to the west, that is where we're seeing the biggest up tick if you like, 38,600 cases across the country. looking at some individual states. look at florida, 5511 as of june 24th. let's check some others for you if we can. south carolina, 1284. oklahoma being, 482. this is the last 24 hours. i want to finish if we can on texas. texas, we talked about alot, there you have it, 5551 new cases in the last 24 hours. certainly we'

david portnoy has a huge following among people who watch sports. is not something you can watch on tv right now, so instead he has become a day trader with an enormous following. most of those watching him are incentivized to trade as well. so you have the circumstance of nothing else to watch, and online free brokerage accounts, which is similar to 2000. combined with online trading. those are some the things that might be concerning because you have people in the markets who are trading because they think it's going to go up, not because they are investing in something they wish to hold long-term that has value. so there are signs that this particular market is a bubble. rishaad: absolutely. whereas david portnoy, warren buffett has been debating online asking who is a better investor now, myself or warren buffett? said, iast week he killed him, he is dead. so what we have are people that believe the market just goes in one direction, and that is up, and that is very dangerous. that is perhaps why we have this argument going on about dumb money v

drug which is prescribed by a doctor will need to addiction is extremely low people like russell portnoy and many others were teaching that addiction was rare and these false words and that we should be comforting people in chronic pain just like we have learned to convert people with cancer pain and in fact if you don't do that you're probably going to be found wanting these are what is termed in the industry a k o well or a key opinion leader and if a drug company can hire these k o l's they don't have to do the promotion themselves and in fact a lot of what the k o l say to other doctors and other practitioners doesn't have to meet the same level of scrutiny by the f.d.a. doesn't have to even conform to the labeling instructions for the drug of a generation of physicians were trained that opioids were effective for chronic pain and unsafe which number 2 promote the drug they increase their sales force and their physician called list these sales reps were offered lucrative bonuses their average compensation produce sales rep was about $55000.00 but they could get that increased by an e

and dave, portnoy knows how to play football. i wonder whether buffett's even in there i bet he doesn't even know what fantasy is. >> and admitted gotit wrong earlier. your friend david tepper any number of people we follow. >> smarter the dumber. right? >> and as well, jim, every day we've been on of late, it's not as though cases, covid cases in the u.s., have dropped dramatical dramatically they've plateaued including the steep drop in the new york area. it's back ground noise not as though the u.s. economy is going to close again. we both agree that's highly unlikely to happen ever again at this point it will continue to move forward and a certain group will not expose themselves fully to participating in the world. >> i think, carl's, interesting is that there are places where crowds are there are signs that are building, don't congregate, and then signs in parts of the, of miami which say congregate. we are unable, in most restaurants, make ag profit with half the tables, but because of grubhub, we have been able to, the pe

actually hasn't even happened yet this is what this article is warning about and it's from frank portnoy who used to was working at morgan stanley at the time of the 2008 financial crisis and he's kind of warning that is going to happen this time but the new c.d.o. is called the c l o the collateralized loan obligation we have actually warned about this in the last few years a few times on the show nomi prins is often tweeting about this and saying this is going to be the big problem so 6 here it comes again right the looming bank collapse not crisis collapse he says the banks are going to collapse the u.s. financial system could be on the cusp of calamity this time we might not be able to save it he goes on to point out that just as easy mortgages fueled economic growth in the 2000 cheap corporate debt has done so in the past decade and many companies have been.

actually hasn't even happened yet this is what this article is warning about and it's from frank portnoy who used to was working at morgan stanley at the time of the 2008 financial crisis and he's kind of warning that is going to happen this time but the new c.d.o. is called the c l o the collateralized loan obligation we have actually warned about this in the last few years a few times on the show nomi prins is often tweeting about this and saying this is going to be the big problem so here it comes again right the looming bank collapse not crisis collapse he says the banks are going to collapse the u.s. financial system could be on the cusp of calamity this time we might not be able to save it he goes on to point out that just as easy morgan. fueled economic growth in the 2000 cheap corporate debt has done so in the past decade and many companies have been used on that right well you know to come back and talk about some of the concepts and ideas that we reference here on the kaiser report one of them being that the wall street crimes never go away they're just repackaged and called so

probably hard lessons are going to be learned, but if nothing is ever allowed to go down, maybe dave portnoysmarter than i am and i'm just working and trying to hard at making money on the market. francine: those of the thoughts of fame short seller carson block on the rise of the retail trader. let's get straight to the bloomberg first word news. here's dani burger. dani: the pandemic spread in the states leaving some officials to consider slowing or reversing plans to reopen. cases are rising in texas, florida, and california, which posted its biggest daily jump of infections and hospitalizations. is concernedauci about the uptick. >> we are now seeing a disturbing surge of infections that looks like it is a combination, but one of the things is an increase in community spread. that is something i'm really quite concerned about. you know that this is something that has been in the press over the past couple of days. dani: the european union may decide to keep the door shut to americans. that is because officials convened to discuss easing controls on external borders. one criteria up for d

by the way, dave portnoy comes tomorrow to respond to this.ean hannity right now. >> sean: thank you. and how about everybody wears a mask and everybody -- maybe we asked the older people to sit it out and let the american people choose for themselves? i believe in freedom and i know you do too. >> tucker: just call it a rally and let's just do it. >> sean: you don't want to go, don't go. i'm going, i'll wear the mask for the sake of others. welcome to "hannity." tonight, so much breaking news we will be covering throughout the entire hour tonight. now both officers are charged in the rayshard brooks killing in atlanta. they have now also surrendered and we have key details

a significant move percentage wise i'm sure a lot of people made a lot of money, including dave portnoy. adam jones is one of the best analyst out there and if he says base case is zero i'm listening. >>> another tumble, draftkings falling after california pulled a bill to legalize sports betting. the stock got a lot of attention, one of the most popular names on the robinhood trading platform it has done well, more than doubled since began trading in april. coverage on the stock with buy rating $55 target. joining us now senior analyst david katz great to have you with us. >> thank you. >> the setback in california does it make you cautious how much more states will legalize >> it does not of what we have indicated all day today that states are going to legalize. the biggest ones, which include california, new york, florida and texas, it's going to be messy. they're politically complex. california in particular, has a number of wealthy and powerful tribes, there's money to be made so it is going to be complicated. we have high confidence these states get there the political landscape i

by the way, dave portnoy comes tomorrow to respond to this pair the great sean hannity right now. >> sean: thank you. and how about everybody wears a ma and everybody -- maybe we asked the older people to sit it out and let the american people choose for themselves? i believe in freedom and i know you do too. just call it a rally and let's just do it. you don't want to go, don't go. i'm going, i'll wear the mask for the sake of others. welcome to hannity. tonight, so much breaking news we will be covering throughout the entire hour tonight. now both officers are charged in the rayshard brooks killing in atlanta. they have now also surrendered and we have key details surrounding the arrest that you didn't hear from the district attorney yesterday. keep in mind, you can't indict a ham sandwich but the high bar will be 12 people on a jury beyond a reasonable doubt. a lot of developments. but first, i want is all to step back as a country. we need to step back and take a collective deep breath and understand this moment and realize this country is at a tipping point. is dangerous. we are

i did not see this coming in western ways. >> one of the things that portnoy did that was indicativef what someone away from the game sees is he thought that warren buffett can a pit lated and sold the airlines at the bottom, created the bottom buffett did if you listen to stan yesterday, stanley truck miller at the economics club he compared it to 1999 going to 2000, well, maybe it is, but in the interim there are people who made a great deal of money if you took things off the table. dave tepper was negative, i've seen him go positive anding negative why? because the facts change ray dalio made me feel, well, wait a second, in my 60s i'm listening to ray dalio, i'm playing with fire, walking around with all this stock the guys who really got people out were the people who we consider to be the most responsible people there are the guys who kept you in would be the people who are neophytes, but you can stay too long and i think yesterday's reversal said they're staying too long >> interesting you know, another name that sort of fits into this framework is nikola, of course, now a co

barstools dave portnoy joins us straight ahead to discuss that.her of garrett rolfe was fired from her job for being his stepmother. new development on that story, we will bring it to you in just a moment but first tonight, good evening and welcome to "tucker carlson tonight." you can be forgiven if the amounts of events in the month caught you by surprise, you've been used to dismissing the american left out of hand

rallied to 180 and it got to 114 and here we are at 180 and if you've been in this, and i'm sure dave portnoy is watching. >> this is his favorite show >> we did talk about -- it is his favorite show now, right did we establish that? >> i think so. >> that's fantastic. say hi to dave. >> how can it not be >> should be >> dick reached out and he's a huge "fast money" fan now. i totally digress. $31 the level i think you can trade up to. >> coming up, one of the most heavily traded stocks getting a bit of a make over and the potential shares that got these shares popping snap takes a stand and that's got one of our traders selling out of his position in the stock. the full details when "fast money" returns need better sleep? try nature's bounty sleep3, a unique tri-layer supplement that calms you, helps you fall asleep faster and stay asleep longer great sleep comes naturally with sleep3. only from nature's bounty. >>> welcome back to "fast money. big news out of nap. it is drawing a line when it comes to president trump's posts. let's get to julia >> it dipped after news that the company is no

woke enough and in this new age of reason, we are in a very bleak period because that's what rogers portnoyd things are hard to create an easy to destroy. registering a lot of them. >> tucker: they have become exactly this but my whole lifetime, 50 years, telling us they hated. they are advocating for segregation, for racism, for the destruction of art and for the destruction of books. npr ran a piece about the colonizing a bookshelf, burning books. this happened so quickly. are you surprised by? >> no, but the thing is, it didn't really happen that quickly. in my book that just was released, if you look at woke terminology -- and it's a great guy named zach goldberg, phd student i believe. and he tracked how woke terminology has increased in major media outlets like "the new york times" and "the washington post" since like 2006, 2007, so it started with colleges saying you can't produce ernest hemingway and make people read ernest hemingway because it's too masculine, to appear that we are in right now. and let's face it, there's two realities, there's the world of, data, which shows it's

the movement has its own unofficial spokesperson, david portnoy, the founder of barstool sports, an avidbout his returns are beating wall street suits. two things make it more successful for young people. listen. >> first we cut commissions to zero. then we went to fractional shares. so you don't even have to buy one share. you can buy, you like amazon at $2700. don't worry, by 1/10 of a share, 270 bucks. you don't have to pay commission to pie it. so the friction to get in gone essentially to zero for a lot of these players. reporter: and the new traders, well they don't listen to long time gurus like warren buffett. when buffett threw in the towel on airline stocks, these folks ponied up and bought them. charles. charles: all right. gerri. tell you what. they came back strong from their lows. so did the cruise lines. they're down big for the year. if you bought them at the low, you outperformed most professionals. great stuff, gerri. market son the quiet side. as we final trading hour, it will be really be the best quarter in decades. companies are looking to augment or expand their bu

barstools dave portnoy joins us straight ahead to discuss that.ther of garrett rolfe was fired from her job for being his stepmother. new development on that story, we will bring it to you in just a moment but first tonight, good evening and welcome to "tucker carlson tonight." you can be forgiven if the amounts of events in the month caught you by surprise, you've been used to dismissing the american left out of hand as a joke because they are. since the day donald trump was inaugurated, the

probably hard lessons are going to be learned, but if nothing is ever allowed to go , maybe dave portnoy am and i'm just to findway too hard money in the market. those are the thoughts of fame short seller carson block on the rise of the retail trader and the success the retail trader is having right now. let's hear from blackrock chairman and ceo larry fink. he says the full extent of the coronavirus pandemic on smaller companies, the full impact remains unclear, but he expects volatility to persist. he spoke exclusively to bloomberg. we have been working with five different governments over the course of the issues around covid. we have been working with them to design policies related to boost their economies. a decision we have been making since 1984 -- 1994. the reason why we win these assignments, we do a good job. i'm not here to judge whether we are too big to fail. we have been reviewed and reviewed and reviewed. obviously, we are a large, important asset management company. none of the assets are our own asset. banks,ople think about it is their balance sheet that has people qu

. >> reporter: in pennsylvania, vice president mike pence told cbs news radio's steven portnoy why heidn't walk across lafayette square with the president that day. >> i was at the white house, and i was actually encouraged to stay at the white house out of an abundance of caution. >> reporter: late friday, the president changed course on a controversial decision to hold his first rally since the pandemic in tulsa, oklahoma, on juneteenth. it's a day that typically commemorates the end of slavery. but some african-american lawmakers called the timing disrespectful given the city's historic race riots. the president claimed that was not his intent. >> that was on purpose? >> no. think about it as a celebration. don't think about it as an inconvenience. think about this as a celebration. >> reporter: the president tweeted "many of my african-american friends and supporters have reached out to suggest that we consider changing the date out," and he says the rally will happen saturday, june 20th, to honor their request. he says more than 200,000 ticket requests have been received. but kee

>> we are talking about dave portnoy, he is in a lot of those situations that are not necessarily asell capitalized or in the balance sheet that you may approve of, david. >> got it. got it >> carl, you know what we're buying i mean, honestly carnival that's a blue chip >> where is carl >> to get a handle on where we are in terms of new cases, hospitalization, positivity let's bring in our meg tirrell this morning good morning, meg. >> good morning, carl. let's look at the numbers, hit ago record in the united states in new daily cases yesterday, anywhere between 37,000 or 45,000 depending on which data source you use that continued uptick in the new cases. of course, the positive rate of tests also rising for more than a week 1/2, yesterday it was 6.7% that indicates it's not just increased testing contributing to this in multiple states reporting new daily highs in case numbers yesterday from california, reporting more than 7,000, texas and florida as well. arizona is now seeing testing capacity under strain and hospitalizations as you can see here continuing to rise. houston in pa

have to mention something as trite as valuation you have do it this is a new market it's a david portnoytions are comical we know this doesn't end well when it's comical. a lot of people thought this was not a survivor so i do think that when you look at the revenue, the earnings per share, look at this. 2020, it could lose 2.98 in the fiscal year. 2021 it may lose 1.57. what kind of rate would you give bonds if they want do a three-year >> i would give them a little over amazon. maybe a 0.5. >> that's right. they have the backyard trade >> there you go. we have a lot more to talk about this morning, jim. we're also going to have a couple of those astronauts joining us, the ones who went up in the spacex rocket there they are in the space station making their entrance. 9:32 don't miss it we're back with tethre" uawk on the stet afr is because it's the right thing to do. we're also giving payment relief options to eligible members so they can take care of things like groceries before they worry about their insurance or credit card bills. right now is the time to take care of what matters

holy cow we have it we have jay snowden, erika nardini and dave portnoy because there's not a lot ofut stocks, dave has views, opinions >> he knows how to get people talking we'll see you tonight -- >> he's incredible nice. he said that about deutsche bank i'm so excited >> right we'll see you then mad money, 6:00 p.m. eastern time good morning welcome to "squawk on the street." i'm carl quintanilla with david faber and morgan brennan who will be joining us at this hour from now on. we'll get to that in a moment. >> existing home sales in may down 9 .7% to a seasonally adjusted annualized rate of 2 -- 3 .91 million units. it's a miss. sales were down 26.6 % annually. that is the largest annual drop since 1982 when interest rates were around 18%. these numbers are based on closings in may. that is contracts signed in march and april during the worst of the economic shutdown from the coronavirus. so that's weighing heavily on the numbers. the realtor's chief economist says he believes this is the bottom for the sales market. inventory declined 18.8% to just 1.55 million homes for sale.

he spoke to cbs news radio's steven portnoy about the likelihood of the virus spreading at a mass gathering. >> it's very clear that the risk exists. >> reporter: the event was postponed by a day due to juneteenth. the white house called the occasion a celebration of our nation's unsurpassed able to triumph over darkness, and it disputed the president was unaware of the commemoration come marks the end of slavery. >> he did not just learn about juneteenth this week. that's simply not true. >> reporter: the reverend al sharpton at a juneteenth rally in tulsa -- >> he never heard of juneteenth. so either he's lying, or he is clearly exposing the ignorance that he has about black history. >> reporter: the administration also continued damage control in court friday over a scathing memoir by former national security adviser john bolton. it's published by simon & schuster, a division of viacomcbs. >> reporter: attorneys argued the book should be blocked because it contains classified information. a federal judge said the horse seems to be out of the barn since copies have already leaked. >> the

. >> your buddy david portnoy you're talk about now, barstool sports >> yes goldma maman sachs, i'm votingim. he's my top guy, my strategist >> all right jim, companies that have recently gone public have had strong starts on wall street here's a look at azek. it's now up about 30%. >> it's a great company. >> it just debuted on friday. is it? >> oh, my gosh, david, it's decking and you can use it instead of wood. and you would never know, it's fantastic. >> i got power washed recently >> all right >> today is a royalty pharma, jim, royalty pharma going public we're going to talk to the ceo, there he is, right after this break. stay with us 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. because when you want to create an entirely new feeling, the difference between excellence and mastery is all the difference in the world. the lexus es. a product of mastery. experience amazing at your lexus dealer. one fo

often confused >> there is a fellow out there who thinks he's better than warren buffett, dave portnoy than warren buffett. does he have a big thing, i don't know, where else would you do it, des moines or something i don't know does he own a furniture company? burlington look, this stuff is -- it's a game if it weren't securities, let's say it was monopoly, let's say it was draftkings and i happen to like draftkings, it would be so much fun, wouldn't it pick a couple stocks, gun them in the morning. >> yep. >> hope people are stupid enough, they buy them and doesn't even matter, like american wasn't even down when they came out, which was far worse than what i was looking for. it's a different world now, andrew, and you and i are relics we did rule the world for a while. >> here is the thing, we always wanted to democratize the market, we always wanted more retail investors to want to get into the market and to be able to benefit from it and now we have people in it and i'm worried. i know i'm a professional for worrier but i'm worried. >> i think you should be worried for people who

much as a comment, jim i want to say i loved your interview yesterday with erika nardini and dave portnoy see. those are tough to do with a lot of people in remote locations but i learned a lot from it. >> erika, she knows sports better than anyone when i asked her about the nfl -- >> i love her. >> -- that was not a great answer it did not found encouraging i immediately got very down about it >> yeah. maybe we will have football. >> at least eight-game season. i will take that four kids. she has four kids. >> yeah. >> best thing that could happen. you are so lucky fantastic. >> it is >> baseball, football, yeah, i see that football may be a little bit more -- otherwise does that make the astros the reigning champs >> yeah, it does >> all right thanks, jim. >> thank you, guys >> ander >> okay. thanks meantime, the coronavirus brings deal making to a bit of a streechg halt. not a bit. a screeching halt. u.s. and global deal making a down double digits across border m&a has had its slowest quarter in seven years and private equity deal counts are down more than 20% of deal volume our next

yesterday the most important guru in the market, which i'm not exaggerating, david portnoy, my friendrom barstool. look, printing money why take profits when every airline goes up 20% every day. losers take profits. winners push chips to the middle i should be up $1 billion. and paid a lot of money and criticized by warren buffette. becky, you're probably interested, unloaded airline stocks at the wrong time there was strength in the airline stocks small retail stocks, oil stocks let's just say all the travel leisure, the cruise stocks they were all kind of emanating from people who had similar ethos to date. and i think what happens is, those get overheated you see them going down around 5:00 a.m actually reversed after the article market watch there was money congregating and in a couple of stocks, and those stocks got too high. you can see them on the board. nasdaq 100 juggernaut. everything got a little too hot. we have to come down a little. see what happens. >> i mean, look at tesla i read it went over -- went through 1,000, like, hot butter through a knife. >> yeah. ron barron,