jack: i hear that robin hood is going to stop reporting the most popular stock holdings among its usersd there are outside services like robin track that have picked this up. what do you think it means for the trading in certain stocks for some of the volatility that we've seen if traderrers no longer have this piece of information? >> yeah. so, you know, for a novice trader, you know, popularity might be where they want to go and, oh, everyone's buying into this stock, that must mean it's good, i should go into it, and they may not be thinking about the fundamentals of the company and if, you know, that stock is for their broader goals. and there has been some concern on robin hood that it gives novice traders, you know, access to products that maybe they shouldn't have, trading with leverage or options or things they a may not know enough about. so without that robin track feature, it's possible that some of that volume on robin hood may go down a little bit. jack: guy like ben and i who day traded back in the late 1990s had to shout across the room to find out what everyone else was

equities market as robin hood t.d. ameritrade. as well as they have all seen record consumer account growth and 2020. christiane thanks for breaking it down for us thank you. for a quick break but here because when we return as professional sports leagues have begun to return to the united states could we see moving forward with college teams and with the kobe and bet it will be again. i. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race is on off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. has changed american lives but pharmaceutical companies have a miraculous solution. based drugs to people who are chronic pain patients and believe that their prescription is working for them on the remedy be certain to. price at the. grocery dependency and addiction to opiates to long term use that really isn't scientifically justified and all study actually suggests

equities market as robin hood t.d. ameritrade. as well as they have all seen record consumer account growth in 2020. christiane thanks for breaking it down for us thank you. for a quick break but here because when we return as professional sports leagues have begun to return to the united states could receive moving forward with college teams and with the cold with a new debit will dig it. has changed. the pharmaceutical companies have a miraculous solution. these drugs talk to people who are chronic pain patients believe their opioid prescription is working for them in the remedy the same. price that the. dependency and addiction. opiates the long term use that really isn't scientifically justified and i'll study actually suggest that. the long term effects my not just be absence of benefit but actually that it might be causing long term. israel media a reflection of reality. in a world transformed. what will make you feel safe. isolation whole community. are you going the right way or are you being lead somewhere. dialling. what

equities market as robin hood t.d. ameritrade. as well as they have all seen record consumer account growth in 2020. christiane thanks for breaking it down for us thank you. for a quick break but here because when we return as professional sports leagues have begun to return to the united states could receive moving forward with college teams and with the cold but they. will dig it. summer solution that's right summer solution. today we're covering whether or not gold rights are signaling and so the u.s. dollar with yes superstar announced a cloud of gold when he got there well. the world is driven by dream shaped by one person. thinks. we dare to ask. has changed lives the pharmaceutical companies have a miraculous solution. based drugs the people who are chronic pain patients believe that their opioid prescription is working for them and the remedy be said to. price at the. close of dependency and addiction to opiates to long term use that really isn't scientifically just now study actually suggest that. the long term effects mi

equities market as robin hood t.d. ameritrade. as well as they have all seen record consumer account growth in 2020. christiane thanks for breaking it down for us thank you. time now for a quick break but here because when we return as professional sports leagues have begun to return to the united states could we see moving forward with college teams and with the kobe. we'll dig and. join me every thursday on the alex simon show and i'll be speaking to us of the world of politics sports business i'm show business i'll see you that. summer solution that's right some resolution. today we're covering whether or not gold price moves are signaling the end to the u.s. dollar aware of yes superstar announce to the class of gold money dot com alister welcome. is your media a reflection of reality. in a world transformed. what will make you feel safe from. tyson nation the whole community. are you going the right way or are you being. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths.

robin hood has teen seen 4.3 million daily trades for the first time robin hood joins the other major brokers but is closing a monthly total for june robinhood is leading the pack t.d. mayor trade saw 3.8 million and charles schwab is around 1.8 million. e- trade is the low west a million. according to robinhood, they trained more than double it is private. it's not revealing the quarterly reports. that may let them cherry pick some of the stats. for example, they don't disclose the average size of the accounts or trades. robinhood clients are likely dealing in smaller dollar amounts versus schwab, for example. to keep up with this surge in trading, robinhood announcing they're hiring 1 dreahundreds o customer support staff but not in silicon valley. they're looking to southlake, texas, and tempe, arizona, instead. back to you. >> all right kate, thank you. >>> the head of one of the biggest u.s. mall owners says he wants to buy more stores we have that story next on "power lunch." you can always watch or listen live on the go on the cnbc app we'll be right back. ♪ come on in, we're o

the media has been talking about robin hood a lot. tradingis phenomenon the robinhood phenomenon, and there is a lot of controversy around it. how much is this affecting markets? a significant amount of them are going to robinhood. all these traders can be as much as 25% of market trades. by definition, that is a significant amount of the market. numbers, isy these also leading the way. vonnie: we have some transparency. we can see them now. but we don't have full transparency yet. sonali: very important point. they are disclosing more information. they have not committed to month, butarts every they have taken away access to critical data that the market has been looking at. we used to know a lot of where their charters were heading stock buy stock, and we used robin track to track that. that information is no longer available. i was speaking to bloomberg intelligence earlier. that disclosure was a great marketing value to robinhood, and that could impact q3 figures. let's see if robinhood can keep up this interest without that discl

we'll keep an eye on those daily day traders and of course robin hood traders.annmarie and myself. day break europe, european markets open is up next. will the records endure, annmarie? that's the question. annmarie: certainly. this is bloomberg. thanks for watching. ♪ you doing okay? 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 xfinity.com/moving today. anchor: good morning. welcome to bloomberg markets: the european open." i am anna edwards alongside matt miller. morning.d asian stocks climb after another record high on wall street, european futures pointing to a positive open, as well, amid optimism around treatments for covid-19.

coincidence that tesla is one of the most actively traded stocks on robin hood. interestingly, when robin hood earlier this month decided withdraw its data access to the street, esau comments and reactions from the hedge fund community and also from the quant fund community highlighting this is a problem, because retail investing tends to have a momentum bias which works very well in quant models of trading. anticipatingare where do we anticipate crowding in which sectors and which areas and they are positioning and feedingor that of data feeds from the retail investor community, particularly because volatility levels have normalized. that does allow the risk models on the quant side to put more leverage on. matt: fascinating stuff. unfortunately, that is all we have time for. hopefully we can get you back soon, anneka treon from kempen. ♪ the: welcome back to "european open." we are looking at a mixed onside not really much order of direction. spain is emerging as the epicenter of europe's run a virus outbreak. the prime minister, pedro sanchez, has rejected cal

a lot of them had become robin hood type figures. what we hear about people law men, it's interesting that is the typical way wild west outlaws have been characterized. so i leave you with this thought. the encyclopedia of western gun fires said that though the history of these gangs is often romanticized, it should not be forgotten that they were nothing more than thugs. i thank you for coming out this evening. if we have got a few minutes for some questions and answers. if anybody needs to slip out, feel free to do so. but if anybody has any questions, we are happy to answer them. [applause] history tv this weekend on c-span three. c-span has unfiltered coverage of congress. the white house. the supreme court, and public policy events. you can watch all of c-span public affairs programming, on television. online, or listen on our free radio app. and be part of the national conversation for c-span's daily washington journal program. or through our social media feeds. c-span, created by americas people television companies. as a publ

you can trade partial shares there are robin hood and others, but i thought the market would react positively i added to my core position. i don't want to sell, even though i do have some concerns there's an attack on the app store, which has driven a lot of growth i'm staying there for now. i think the 5g phone will be the biggest product launch they've ever had around the world. >> jim, i notice he own it as well, but to me you sound to be, you know one of the maybe, you know least enthusiastic about where the stock is now and where it can go from here. do you think that's fair to say? >> i do, but that doesn't mean i'm not enthusiastic i've trimmed it a couple times, certainly an incrimination to me, but even after trimming it, it's still a 5.5% in my portfolio, which is very large for anyone running a diversified portfolio. the market is about 6.5% what i'm trying to get at with this is, you know, apple is the market right flnow. is this market trading on fundamentals or on a sugar high of fiscal and monetary stimulus. i'm not going to shoot apple in the head i own 5.5% in my portfolio un

i said to someone the other day you may have seen the old robin hood with kevin costner. he comes over as a deeply caring feminist man -- [laughter] which is unconvincing given the times and marianne is a photo feminist with what's going on around the words. i am a bit worried when we try to recover people. one of the good things that has been happening, finding people they forgotten about or never knew about. one of the great things i think about women's history when i was at the university to now, we found women who should have been celebrated about were not. the black american women who work whose contributions simply were not recognized, and i think that is one of the things history can do it can uncover people who made a difference. for some reason they just were not paid at gentoo at the time, they were with the wrong gender or the wrong social class. and i think that is something we are doing a lot of. on this very complicated but anything that weakens the interest and i think i'm like some, she's kept very much to the historical record she's used it but have kept

robin hood likes this in 6 plus 6 equals 6 they are selling some stock which i don't like to see becauseelson's brilliant it's a wait till next year situation. when i got stocks you don't need to wait for, stocks like dupont, stocks like 3m, they're ready to roll and those are better than general electric how about we go down to david in louisiana. david. >> boo-ya! first-time caller. love the show. >> you're from boo-ya country. >> yes, sir. i bought some dividends but i expected more growth during the pandemic of the price of stock even near the year-to-date should i buy more? >> you can hold it don't buy more remember, if we suddenly think that a vaccine is within the horizon, that stock's going to slow down. kimberly-clark has never been in its lifetime a stock that goes up like other stocks hold onto it maybe i hurt his feelings. i don't remember doing so. all right. i got touchstone stocks to give us an idea of where they're going. they all ran in honor of the nfl a go pattern on "mad money" tonight. we got beyond beat they topped earning expectations but the stock dropped. what th

speaking of evolution if you will, or maybe revolution, robin hood, they raised another round of fundingvaluation to more than 11 billion. wall street traditional lifts don't really like this. there is lot of debate over pros and cons of millenials. i want to say crashing the party but might be the wrong word, dani. i love seeing people in the market. i think this is the greatest wealth generating machine in history. millenials, a red flag for you? >> not exactly. what it shows me a repeat what happened when we were growing up in the market, traders ripping off market makers. that was of day traders. this is [inaudible]. people are bereft. they don't have a job. they're looking at markets. seeing all kinds of opportunity. what is happening is, there is so much educational material out there now. so many people who are teaching people how to trade the markets. you can use less money -- not that i advocate for that. and you can use leverage in order to trade some names that have been really crazy up and down. charles: right. >> so i do think that the education around investing and trading

the stock is too high for the robin hood crowd nine, facebook cheryl, mark, i think the public relations problems are behind them in the move to help small businesses sell goods will be huge and finally ten, microsoft. this made it in the $200 club which is the cut off for what these investors are willing to pay. they loved microsoft but not at $200 and change. sorry. couldn't fix that with a press release. i go in all day. dexcom, united health, shopfy knocking on the $1,000 club because they help people sell stuff online the idea splits mean -- when i worked at goldman sachs in '83 it was gospel. stocks shouldn't matter but since when is the stock market logical in the real world with real humans, splits obviously make a huge difference to a rapidly growing contin gent of young individual investors they need to take their cue from tim cook and elon musk executives right now i'm just begging you look at what apple and tesla have done with with the stock splits besides the way i've been around longer than you have you have a no commission paying crowd. chuck in arizona, chuck. >> caller:

the armature robin hood traders nailed it.they did nobody has been more right about this year than day trade from bar stool and that drives the pros crazy because the mantra is stocks always go up. it doesn't get more unsophisticated for that for five months, it's been dead right. i think maybe they got it wrong. what you need to understand is stocks go up when things get better he doesn't need to look deeper than that. if he did he would feel differently. if he felt differently, he would have a worse track record. the calls are better than the suits as he calls them, the ones they are making and more entertaining what does this have to do with the morning traders? they have a set routine you can follow by getting up at 4:00 a.m. and watch this thing called the crawl at the bottom. it tells you what people are doing. you can see little buys. if you seen positive news on the covid front we'll haven daan update they buy united. jetblue, dell ta and southwest the most fund mentally sound is southwest. the most speculative and may

doolen held something of a robin hood image and was well liked by many people. it was those people who helped him and his gang evade the law. the gang was dissolved when bill was tracked down and killed in 1896. then there's kidd curry, who's real name was harvey alexander logan. he was known as the wildest in butch cassidy's outlaw gang known as the wild bunch. that gang also included the sundance kid, will carver, and many others. some of them, including kid curry, posed for a photo in 1901, which i have put on the screen for you. funnily enough, the pinkertons learned about the photo and put it on wanted posters. probably a bad idea for them to have posed for 24 photo. kid curry during his lifetime was wanted on warrants for 15 murders, but it was generally believed that he had murdered at least twice that number. and william pinkerton called him the most vicious outlaw in america and said, quote, he has not one single redeeming feature. he is the only criminal i know of who does not have one single good point. >> which one is he? >> i am not sure. it's a goo

does that idea make sense any more in a robin hood era take a look at the futures at this hour.ow up 277 points. nasdaq up 106 points s&p 500 up 26 points as we flirt with that new all time high. we'll be right back after this >> announcer: time now for today's aflac trivia question. how many streaming hours did roku report during the second arr? the answer when cnbc "squawk box" continues aflac duck who helped me cover it. aflac. these are all the cab rides to my physical therapy. and aflac paid me directly to help. aflac. what he said. and this unexpected bill is from... the two-thousand-dollar specialist. thanks. aflac. when you're sick or injured, aflac is there. we can help with expenses health insurance doesn't cover. get to know us at (aflac!) dot com. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. >> announcer: now the answer to today's aflac trivia question. how many streaming hours did roku report during the second quarter? the answer, 14.6 bil

with us is thomas ramsey founder and ceo of neuro's ink what is robin hood doing that is so effectived maybe pulling people in the wrong direction? >> what they are basically doing is taking away what disturbs people when they are making decisions. to logic sense when we are using our phone when trying to make a choice people have more time to make up their minds and make a decision. >> here is the thing we talk about other apps like facebook or others they are designed to get the most out of me they are not comfortable with that with robin hood and more investing especially young people should a company not design an app that is effective in this way or rules about how an app would work >> that is something they need to bear in mind. there are certain design principals that are good to use. other things they should be more careful such as using some kind of reward when people make a decision to invest that leads to potentially a skew in the way people do that. >> what would you say he it people looking to make the next killer investment app? does it mean kind of encouraging people to

so lock down stimulus money has been good for a lot of people they're pouring their money into robin hood up and apparently and many people are buying crypto currency if they're buying bitcoin which they should be instead of crypto what do they do now like. you know there's no bailout there's no 2nd stimulus there's no sort of moral hazard available in the big quiet space so what do they do once they get that big client said they take it off in exchange should they put it on a hard while which they do buying is only the 1st step generally when you're buying in this space you're not actually buying bitcoin you're buying the promise of a bit coin or a big coin iou it is really similar to the banking system in that you know you might have a website that says you own a certain amount of money a certain amount of that coin a certain amount of whatever but when it comes down to it at the end of the day there's counter party risk and as long as someone else is actually holding on to that asset then it can be taken from you or any number of things can go wrong you might not be able to actually ac

looking at it that's to say, there aren't major shareholders in john deere, but it's not in the robin hoodadar, so to speak, and that's what's interesting. >> all right well, the earnings train keeps on trucking next week with some big names on deck to report. tony zhang says there's one stock that could surge higher on rulg results. so tony, what are you looking at >> i'm looking at cisco. just like john deere, it's one of those names in the tech community that's not on most investors' radars because it's not one of the f.a.a.n.g. names, but cisco is the backbone of the internet hardware business and it currently trades at a very reasonable valuation, just like john deere. and it's recently made strategic acquisitions here in the cloud security business. and i think that 2020 is going to be a turnaround year here for cisco, especially after underperforming so strongly over the last year. >> if you look at the chart here, it's not particularly interesting. it's actually had some pretty poor relative strength here over the past year, but as you can see, it's recently traded itself into a bi

so locked down stimulus money has been good for a lot of people they're pouring their money into robin hoodup and apparently and many people are buying crypto currency if they're buying bitcoin which they should be instead of crypto what do they do now like you know there's no bailout there's no 2nd stimulus there's no sort of moral hazard available in the big points space so what do they do once they get that big coin should they take it off in exchange should they put it on a hard while which they do is only the 1st step generally when you're buying in this space you're not actually buying bitcoin you're buying the promise of a bit coin or a bit coin iou it is really similar to the banking system.

so locked down stimulus money has been good for a lot of people they're pouring their money into robin hood up and apparently and many people are buying crypto currency if they're buying bitcoin which they should be instead of crypto what do they do now like. you know there's no bailout there's no 2nd stimulus there's no sort of moral hazard available in the big quiet space so what do they do once they get that big client said they take it off an exchange ship they put it on a hard while which they do buying is only the 1st step generally when you're buying in this space you're not actually buying bitcoin you're buying the promise of a bit coin or a big coin iou it is really similar to the banking system in that you know you might have a website that says you own a certain amount of money a certain amount of that coin a certain amount of whatever but when it comes down to it at the end of the day there's counter party risk and as long as someone else is actually holding on to that asset then it can be taken from you or any number of things can go wrong you might not be able to actually acce

that we've seen the speed get a fixation and all sort of sense economic sense whether it's you see robin hood app people piling into bankrupt companies you see negative interest rates you see negative prices on oil can you tie all of those together. sure it's actually kind of a boring answer i think so all of the generational theory i think is really really valuable and important but really what it comes down to for me and it's to so boring because it's such an obvious answer is the internet this is a thing that has totally fast forwarded the rate of sofa social evolution in a way that is radically uncomfortable for human beings and and these forces that have been unleashed right like the fact that you had you know the few weeks ago all of these big c.e.o.'s from big tech companies hauled before congress and it was a joke right i mean these guys all they had to do is not laugh in the faces of these congressmen and women as they scored their political points to bring home to their constituents to look tough because then the next day they reported earnings that make everything else in the stock

th >>> up next it's booktv's monthly "in depth" program with author and robin hood foundation ceo wes moore. his books include the other wes moore, the work searching for a life that matters and five days, the fiery reckoning of an american city, which looks at baltimore during the riots following the death of freddie gray. ..

the caveat is these days a lot of commission free brokerages like robin hood are now offering fractionals. it doesn't matter what the stock is priced at. tom: well said. is thefind fascinating social and cultural pressure to be not the tech boys -- terry winokur out of stanford is iconic on this. bethere a way for tech to more accessible by signaling a stock split? tech is i think becoming more accessible because of fractional shares. these commission free brokerages are enabling everyone to invest which is why you see retail -- the bigger and wider question is what is the responsibility of the tech giants and the tech industry as a whole as they become a bigger part of the economy. tom: marc benioff was rather sharp the other day in a bloomberg interview where he spoke of the philanthropy, the visible philanthropy of these tech giants, have they been philanthropic enough? hussein: they are still immature organizations, some of them. you have seen the bill and melinda gates foundation and the mark zuckerberg and priscilla chan foundation, but as organizations i think the tech industry is

they are citing the popularity of retail investors on the sites like robin hood. animal crossing game helped popular switchdy console. will temporarily shut a factory in michigan next month to install machinery for the redesigned f-150 pickup. bloomberg has learned the automaker is also building a new facility adjacent to its dearborn, michigan, truck plant. they think that it will increase output of the f-150 by 150,000 vehicles this fall. the coronavirus pandemic has cut into the vacation plans of millions of americans. unused vacation days are piling up as a result. some companies are allowing more days to carry over into 2021. others are requiring employees to take their vacation days as soon as possible. we are not taking vacation days. we are too committed to our job. so we are all still here. but while we're here, we can go see the movies after work. there have been some encouraging signs about people returning to movie theaters. romaine: you have theaters open this weekend, at least on a larger scale. the box office take was not big. "unhinged,"e called wh

. >> i want to bring in wes moore who's an entrepreneur and ceo of the anti-poverty group the robin hood foundation. thank you so much for joining me. i'm sure you have taken a look at the president's executive action. theoretically, it would provide $300 in federal benefits to each person. but that person has to live in a state where the state requests it and the state agrees to give $100, as well. so that the person gets additional $400. is there anything realistic in your view about this? >> it's saying that this is the administration acting unilaterally is disingenuous and give an unfunded call option. we have the highest rates of unemployment since the great depression. the worst economy we have had in a century and tens of millions of people whose livelihood are at risk right now and a virus still wreaking havoc. this is a real crisis in the middle of and when you look at the executive orders they're not xhes ra commiserate and do address the crisis and part of the problem is this caveat of a reliance on the state picking up a significant portion of the tab. new york alone, governo

here's another gauge interest on robin hood, even though this is a $5 billion market cap company, it is number 13 in the top holdings how has the stock performed so far this year? how about up 333% year to date and up 570% off the 52-week low. so more than sextupled flood was at $2.06 back at the lows at march. >>> still ahead we will speak with california's attorney general about the potential lawsuit against the postal service, and lyft's decision to suspend service in the state tonight. taco bell is getting a pandemic revamp stay tuned we're back afterhi [ thunder rumbles ] [ engine rumbling ] [ beeping ] [ engine revs ] uh, you know there's a 30-minute limit, right? tell that to the rain. [ beeping ] for those who were born to ride, there's progressive. [ beeping ] ♪ i keep working my way back to you, babe ♪ ♪ with a burning love inside ♪ yeah i'm working my way back to you, babe ♪ ♪ and the happiness that died ♪ i let it get away servicenow. the smarter way to workflow. ♪ i got it all from you ♪ i'm always pushing through ♪ i know we'll make it to the finish line ♪ ♪ i know you'

new tendo is getting a boost from robin hood day traders. you gotta tell me about that.ks in japan. this year, one because of the pin democrat everybody's claim video games and they had a smash hit, animal crossing new horizon, the shares are up 70% from the march low and among those who use the robin hood app, it is a very popular stock to hold. is not number one, sony is number one and then we have nintendo number two and number three is softbank and also nintendo may be releasing a new switch console early next year, that has given the stock market tension as well but for the younger day traders on robin hood, nintendo is a favorite in japan. stuart: got it. thank you very much. were going to check zoom, suffering outages this morning, those issues have been resolved and the stock is still down ten bucks, that is 3.7%. airbnb bans parties worldwide, trained to stop the virus from spreading. once more it is banning short-term rentals altogether claiming that they cause chaos. we are going to take you there coming up next. ♪ ♪ ♪ ♪ i'm a delivery operations manager in sa

that's research that robin hood, the organization i run has with the university. when your talk about these kind of dynamics. and you have a situation where half of the poverty half the communities living in poverty for the past four years there's also unemployment that stayedt around 4%. there is a massive disconnect here. when your talk about policies we are talking about ways to be able to support families, here are some policy recommendations we could do to address some of p the things we are speaking about with the same time know we are going to benefit. our population particularly our most vulnerable. how do we extended federal unemployment insurance benefits because it's necessary now as ever before. how do we make permanent the expansionw of the earned income tax credit to include childless adults? how do we think about making basic adjustments to the child tax credit and make the child tax credit refundable. increased benefit amounts to support families and children with economic downturn. this becomes important because these are things, simple stroke of

to trading activity have we made that connection you get the 1200 bucks, let's just throw it on robin hood and see if i can make it 2 grand. >> there's been a couple of reports that show that it was something like 70% of stimulus checks that went into the stock market other things like commissions and fractional trading, you see fidelity and charles schwab advertising stock slices so you can buy an expensive name brand stock for as low as $5 free trades i think has been the big factor that analysts point to >> jeff, your take amazing data you're talking about incomes if you're saving money, a lot of people appear to be putting that into the equity market. >> i think it's a good thing generally. everybody was complaining for so many years that the younger generation, the millennial generation wasn't investing in stocks now all of a sudden they are and i feel like you're getting complaints on the other side as long as people are doing it gentintelligen intelligently, i think ultimately it's a good thing since people have started investing it's been a really easy ride. you hit a rough patch a

i was saying to someone, some of you may have seen the old robin hood with kevin costner, , and kevin costner comes over as a deeply caring sensitive man come which is unconvincing, given the times. maid marian is a proto-feministt who insist on women having an equal share in what's going on in the woods around nottingham. i'm a bit worried when we try and recover people and tinker with them to make them up-to-date. one of the good things that's been happening in history is, i guess we are always doing it, finding people we have forgotten never knew about. one of the very great things about women's history, for example, which is not a subject when i was at university and now is, through that found women who should've been celebrated but were not. the women codebreakers -- codebreakers. the black american women who worked at nasa whose contributions simply were not recognized. that's one of the useful things has to can do. it can uncover lost heroes and heroines or loss people who really made a difference that which is for some reason there were not paid attention at the time because o

we've got people at home we've got robin hood traders and the fed with the pedal to the metal. i think people need to have some cash we go back to a lockdown and they need it to run their families or to look into the marketplace and pick up securities that may be mispriced if we hit a downdraft like we saw early in the spring. >> we'll hope to get back to some of your picks later i'd like to explore your views on gold right now. let me turn to ron this market has surprised you, hasn't it, ron >> oh, yeah. i sgagree with everything said we had that concentration of gains in the stay at home stox and the big technology names i think it might be wise to reother yenrient one's portfoli look at dividend stocks that also have very strong balance sheets you don't want the go out there and play for high dividend yields i think taking some profits in the bigger names might be wise come the fall or even later this mop month, we'll see high frequency data that won't look as good i do worry about that in so far as, if we don't get any further relief from the federal government or it doesn'