s.e.c.heat comes down. >> there was no way there was gonna to be a front-page article about an irvine company involved in a massive ponzi scheme where the s.e.c. is not gonna get in their car, come down here, and shut them down. >> narrator: when "american greed" returns... with pang's web of lies exposed, will he crack under the with pang's web of lies exposed, will he crack under the pressure? many of life's moments in thare being put on hold. are staying at home, with pang's web of lies exposed, will he crack under the pressure? at carvana, we understand that, for some, getting a car just can't wait. to help, we're giving our customers up to 90 days to make their first payment. shop online from the comfort of your couch, and get your car with touchless delivery to keep you safe. and for even greater peace of mind, all carvana cars come with a seven-day return policy. so if you need to keep moving, we're here for you. at carvana-- the safer way to buy a car. >> narrator: in april 2009, the

bring an s.e.c. linebacker into the afc north he's going to have a chip on his shouldering a bit of an attitude. i think that browns defense can use some of that. >> rece, is that now four for four s.e.c. picks for cleveland? >> yeah. >> i mean, going after playmakers, going after guys that you know can play. obviously add another guy. but lsu just continues mount up players. my goodness, lsu and alabama eating up the draft. if you take a linebacker from lsu, good things are going to happen. they have guys, they have freaks walking around. they're running around practices all the time. >> where is lsu growing these athletic inside linebackers? where is it? kwon alexander, debo jones, devin white, patrick queen, and now jacob phillips. they have so much. they just reload each and every year. take a look at the draft by lsu and the players selected and the impact players selected. look at the different positions. corner backs, defensive guard, center. a linebackers in there as well. safety in grant del

the nyc did get approval from the s.e.c. to do electronic openings for ipos through may 15th that tells me there's companies out there that want to ipo that's interesting maybe albertson's. they have the ability to do that through may 15th when will the nyc reopen we don't know. there's no date set up there's several criteria needed here more medical screening we have to make sure people are not virus infected on the floor. they'll probably have a low density footprint when they open and maybe masks and other changes. we don't have an opening date, but obviously the ability to assure people that people are safe on the floor is the most important thing. back to you. >> all right bob, thanks for that jim, i wanted your take on the secondary list bob assembled there's some others, expedia in this "journal" report dealing with apollo and silver lake. we have a story on macy's sniffing out 5 billion in new debt using real estate as collateral, not herald square. >> it seems like the brokers and underwriters are pricing these deal

there's the rest of us wouldn't it be great if the s.e.c. -- not the s.e.c. on cbs, but if the actual s.e.c. came out and said we need information, we won't let these stocks trade until we find out who owns them, but we're in a tremendous period, anything goes it's kind of disconcerting to me these stocks can trade when some people know the government will take a stake and others are clueless doesn't seem right to me >> yeah. everybody should go back and read friday night the memos that came out from ed bastion of delta and the ceo of jetblue delta said on a typical saturday in april, we have 600,000 people fly. last saturday we had 38,000 people fly this "journal" piece on airlines, lufthansa and others looking for the chemical that will keep allergy from growing in the gas tank on these planes that are parked on runways and not going anywhere any time soon >> yeah. i mean, they're trying to find as much space as they can for them the numbers are staggering we keep talking about them 124,000 versus 2.4 million for the year on any given day and continuing to

iraqis have provided military and financial backing to the security around the s.e.c. dominated by military group which you know is part of the s.t.c. again i just want to know whether the iraqis are back this idea of self rule in the south. so and again the m.r.i. teams have been supporting not just the security belt but many fronts far as the battle on the iranian backed these and the. and the terrorism in the area with these are regional and international issues but these calls have not been since 2016 i mean as much as. many people or many even broadcasting channels want to paint this s.t.c. as a. as a project for the u.s. for u.a.e. or u.a.e. project but it isn't these are cause they have been there for over 2 decades you know the head has been there for a long time calling for independence they've been also marginalized they've been you know trust throughout the entire. force unity or you could say occupation the peace corps have always been there these are not this is not and. the homes were independent it had been and my question is what i want to know is wheth

would govern the or city and other southern provinces the a many government is calling it a coup the s.e.c. supported by the united arab emirates saudi arabia is calling for all sides to abide by a power sharing agreement signed 5 months ago. the united states has extended a waiver for iraq to import even ian gas and electricity despite american sanctions on tehran but this time it's being granted for just said he days when it's usually extended for more than 90 washington is pressing iraq to form a lasting government and to move towards energy self-sufficiency iraq relies heavily on iran to supply its grades. returning to the coronavirus crisis now an israel supreme court says the government must pass legislation within weeks to continue with a controversial surveillance program which tracks a person's location via a mobile phone prime minister benjamin netanyahu gave security agencies a power to track the mobile data of anyone suspected of having the koran a virus it's a frame courses to measure is a breach of people's privacy meanwhile in australia more than a 1000000 people have chosen

you can be sued by the s.e.c., as well. >> thank you. >>> still ahead, what dr.ony fauci is saying about a national stay at home order. >>> plus, democratic leaders make changes to the upcoming convention amid coronavirus concerns. >>> does it make sense to you that some states are still not issuing stay at home orders? scientifically, doesn't everybody have to be on the same page with this stuff? >> i think so, anderson. i don't understand why that is not happening. the difference between federally mandated versus states rights to do what they want is something i don't want to get into. but if you look at what's going on in this country, i don't understand why we're not doing that. we really should be. >> that was dr. fauci in a cnn interview last night. democrats are pushing for more fund to go support mail-in voting this year due to the coronavirus. house speaker nancy pelosi says she wants to increase the funding for mail-in and absentee voting in the next stimulus package saying an additional $2 billion to $4 billion is needed to democratize's america's elec

provide earnings guidance at all and companies are still required to file quarterly reports with the s.e.c. and it is there the earnings commentary is still going to be there whether we eliminate the guidance or not an wall streeting bet, kelly, to step into the vacuum with no earnings guidance, annu analysts provide more information a ten little guy gets a little less access to what's going on. i'm not sure that this necessarily solves things but definitely come back as an issue. back to you. >> that's an interesting point to help, might hurt us, as well, at this point. bob, we appreciate it. thank you. >> okay. >>> stocks are pulling back from the session highs as investors rethink the strength of the economic recovery we might see charlie munger today saying the downturn willcause them to shutter some businesses and a few smaller ones won't reopen when this is over, those remarks to "the wall street journal. joining me is nancy tangler and bob pavlic it's great to see you both nancy, what do you think about how this recovery might shape up >> yeah. that's the million-dollar question, ke

underlying filings and so basically they created an ai bot to troll the securities filings to the s.e.c look for the words ppp and basically came together with the total an about a $870 million from 220 companies. >> right so i guess my question now, is there -- as we found out about who got the money, i remember shake shack came on cnbc saying we are applying, want to raise capital then saw the outrage of ruth chris and realized to return this. we have other methods of raising it my guess is there's companies in the filings whose names not publicly disclosed and the question is what do they do about that information being made public? >> yeah. i think what we have to do is separate the people who actually have true need and, you know, a ton of microcaps claiming they don't have access to the capital markets at this point in time, who claim that this is essential to hold on to the employees and then there are companies if you look at the filings, you can see that there are companies that have tons of cash on hand or significant amounts of cash on hand and believe me you journalists like

according to s.e.c. filings, nickola received the funds through jpmorgan chase it doesn't seem like nickola should be short of cash. they make hydrogen fuel cell and electric trucks and last month announced a deal to go public on the nasdaq by merging with vectoiq. the deal valued nicola at $3.3 billion. and it's also receiving as part of that deal more than $500 million in fresh cash from investors including fidelity and value act. in an interview on cnbc last month, value act called nikola a quote, $100 billion company in the future trevor milton became a billionaire just last year based on his ownership shares. six months ago, he shelled out $23.5 million for 2,600-acre luxury ranch in utah with a riverfront mansion that has a movie theater, wine cellar, and gym. now, the company telling cnbc in a statement that the ppp funding, quote, served as a bridge for its 300 employees until the deal closes and that since ppp funds will be used to retain staff, the lifeline follows the spirit of the act. and i

kura has now filed, since yesterday, apparently, with the s.e.c. to give the money back.statement on its website, kura says that it made a wrong assumption about the intentions of the paycheck protection program and did acknowledge that independent restaurant owners are way more in need of the funds. kura sushi's stock is up 2.5% so doing good is good for business. at least the stock price. >>> charlie gasparino has been covering the paycheck protection program since day one and following his reporting, the treasury department and small business administration unveiled some new rules today. charlie, let's talk about this, because we have the vote happening right now, walking through the floor of the congress voting on this huge package that once again will replenish the coffers for the ppp program. charlie: yes. we will have i guess semi-breaking news on the new york stock exchange in a minute. let's just unpack this. the treasury department after reporting from fox business [ inaudible ] about how unevenly these pandemic stimulus loans were given out, how real small busi

. >> being overlooked isn't new for josh loveparts to their first win over an s.e.c.onent and reclaimed the valley trophy. now he enters the first ever virtual draft. a virtual experience, but one as coach hopes he still appreciates. >> i think those guys are incredibly fortunate and as long as you look at it through the right lens, you a chance to see it the right way. >> will josh love go from college walk-on to nfl draft pick this we'll see this week. in san jose, dustin dorsey, abc7 news. >> it's going to be fun to watch. larry beil has more on the nfl draft. larry? >> one of the big questions may be who has the best wifi in the league? that actually might be a huge fact. i'm not joking here. as we get set for the very first virtual nfl draft. sports >>> now abc7 sports with larry beil. >> good evening. the nfl will hold its first virtual draft tomorrow. gms and coaches in isolation, trying to get all of their screens working. just think. grandpa makes his first zoom call. what could go wrong? commissioner roger goodell is going to announce picks from his house. s

. >> well, there's multiple aspects of social selling from your profile which the s.e.c.ws as an advertisement so any changes to that has to be preapproved by the compliance team. but also turning social media into an authentic content marketing engine. there's a lot of clients right now who want answers, not just regarding finances but also regarding health, wellness, how to take care of their kids, their mortgages, job security and all that content being shared through their human adviser on the social media networks is what's fostering a human connection. liz: it's fascinating business. thank you for joining us. come back again. clara shih of hearsay and of course, starbucks board member. earnings out after the bell. the dow is losing some steam here. we are up 45 now. ing prepared... won't be a new thing. and it won't be their first experience with social distancing. overcoming challenges is what defines the military community. usaa has been standing with them, for nearly a hundred years. and we'll be here to serve for a hundred more. swithout even on yoleaving your h

so we might not have an opec, but we have an s.e.c. and that can do the legal work around making sure that companies do what they've told investors they will do. >> that's interesting, brian and also, as we speak to ryan, he's not the only commissioner so he might be backing the idea of forcing these cuts, but it's not clear that everybody else is even onboard with that >> yeah, it takes two-thirds majority it's only three of them, by the way. never have three people been on the line for maybe as many possible jobs as these three folks have let's consider, every time we talk about rig counts, which are down huge again this week. every time we talk about production cuts, capital spending cuts, it's easy to city in this office behind a camera and forget that those are jobs, those are families, those are mortgage, those are car payments, nose are kids school there's so much on the line here by the way, opec continues to discuss -- tomorrow is g-20. our markets are closed, kelly, which means the futures markets are closed here, too so we g

the s.e.c. is involved.nd there's an effort in congress to provide immediate funding to help with the rural and the urban internet access problem through the provision of hot spots. we need corporation from the big telecom providers to do that. i urge us all to be on that bandwagon. but the amount of curriculum that's available online is pretty substantial. i think that special ed teachers like yourself, find yourself in a difficult situation because so much of the work that you do do so successfully is hands-on. it's very interactive. so i think you're at a triple disadvantage if you think about just the basic issues, the internet issues and the field of special ed. i know the department has loosened some of its regulations on telehealth and telemedicine to make it possible for you to bring more resources to your tudents and i encourage you to buy into those. the best thing that all educators can do is stay close to each other and rely on our community of professionals to provide insight and support. so tha

board he did ceos pick their own boards board independence is determined by the exchanges, not by the s.e.c., not by the law so you're going to go to an exchange allowing you to have the easiest barriers to picking the board. so that system is completely flawed and broken. in terms of companies when they go bankrupt, who owns a stock afterwards pensions do get wiped out because most of the money invested in the market comes from institutions, main street and comes from pensions. they're getting wiped out. who controls it afterwards afterwards it's controlled by fixed income investors and they're ruthless and they go to the companies saying, no, you cut your cost. what does that mean? get rid of the employees because that's 50% at least of every company's cost so i think it's a very narrow misguided view plus i also wonder saying the airlines to go bankrupt, how's he going on the road shows flying commercial? of course not. flying private it is a completely different world. i disagree with a lot of what he said except for the boards they should revamp that completely. >> i think, look i'm th

became clear, and after lengthy depositions with elizabeth and sunny, and people on the inside, the s.e.c fraud. her company theranos -- >> raising funds through fraud. >> she and the government settled the case. paying a $500,000 fine. >> elizabeth settled with no admission of wrongdoing. >> she got off with a slap on the wrist, but the story's not over yet. >> she was about to face criminal charges for multiple counts of fraud, which could land her in jail for decades, if convicted. they both pleaded not guilty. >> i would be shocked if she didn't finish this behind bars. both plead -- >> i would be shocked if she didn't finish this behind bars. to ensure your toyota is in top condition, many toyota service centers are open to serve you- with certified technicians and genuine toyota parts. and many even offer online service scheduling- and no-contact vehicle drop-off. we're here for you. contact your local toyota dealer to see how they can help. toyota but when allergies attack,f any the excitement fades. to see how they can help. allegra helps you say yes with the fastest non-drowsy al

abuse, they don't think profitable companies should be tapping in, it looks -- doesn't look like, the s.e.cy put out notice where it's going to ask these financial advisers to disclose their loans and the amount of their loans in their filings with the securities and exchange commission. they also may have to disclose it to their clients. what does that mean? that means once they're disclosed, they are ripe for an audit if secretary mnuchin is serious about auditing companies that are deemed too profitable to get these loans. these brokerage teams would be ripe for an audit. if they can't prove they needed it, they can obviously face some criminal, maybe civil, maybe criminal penalties. at least that's according to what the government is saying now. so again, following fox business's reporting, i guess you could say we embarrassed them into it because this was a huge loophole in the law with the other loopholes. they are starting to crack down and you know, i think we are better off for it. one thing that's kind of interesting is that the independent adviser association, this trade group re

for wells fargo since charlie sharp took over, most importantly the settlement with the doj and the s.e.c. of around about $3 billion or $4 billion similarly, we started to see more individual claims be settled or brought against past executives and clearly we've seen a lot of work under tim sloan's leadership but we have fresh leadership that could be spun, framed at the very least and much more has not been the previous i think that matters to folks that the only thing left for wells was to get the fed asset cap lifted, whether that was that year thing or early next year thing i agree on your current reading, this decision seems to suggest it's temporary we'll have to wait and see wells fargo up today, steve, 4% in line with the rest of the banks. a strong day for markets >> got about a 2% pop, it looked like, about 60 cents on this announcement so people thought there was some positive aspect for the long term from this announcement. >> great, thanks >> pleasure. >> still ahead, etsy, one of the rare stocks holding onto gains for year and now many sellers are pivoting from crafts to fa

as for his settlement with the s.e.c., he was forced to step down from the chairmanship as a result of that tweet, he paid a $20 million fine and all his tweets now have to be edited by the communications department but shareholders will also get their day in court as well to see if they can get some sort of settlement from that infamous tweet. however, 420, look how far away we are from that so-called price line when he said he was going to take the company private. stuart: yeah. that lawsuit's not doing him much good this morning. down 17 bucks a share. thanks. now, we like to concentrate on the winners coming out of this virus crisis. we've gone through netflix, clearly a winner. walmart's clearly a winner. so, too, is costco. we have got news on costco. tell me what you've got, ashley. ashley: yeah. the board saying it's going to raise the dividend for its shareholders by 8%. actually, to 70 cents from 65 cents. the first one being payable may 15th. the latest report from costco show that net sales jumped 12% in march. online sales growth of 48%, comp sales up 9.6%. of course, one

we're also tracking what's happening at the s.e.c. now. there's two proposals there, one related to the amendments to the shareholder resolution filing process, so making it harder for shareholders to file shareholder proposal, and then another proposal that would put limits on proxy shareholder and other shareholders. >> this is a discussion item. questions? i basically have one question. a lot of data in this report. one piece that could be useful, but it's not present. i'm concerned where we did not vote with management and it still passed. you made one reference in there, 50% of proposals received majority shareholder report. that related to shareholder proposals. my concern is when we vote for something that passes and management's against it, whether or not this then becomes a priority, whether or not we should do more engagement, that we didn't just buy it by accident. i don't know if that data is available by glass or they just don't decide to put it out there. it's like playing baseball but not knowing the final score. >> yeah. it

are they going to price securities when you have no transparency, in terms of -- don't forget, the s.e.c., two weeks ago, granted a 45-day extension for filings from march 1, so retroactively to june 1. so some of these companies are going to take that not as a path to not report earnings, but to delay some of the material information they may have to report. so it's going to be very confusing earnings season and if it's negative and we're not even seeing the worst of it, i think investors will get very nervous. ashley: yeah. i think you're right. shah gilani, as always, great to have you here. enjoy. you can't go to the beach but enjoy the view out your window. thank you very much. >> thank you. stay safe. ashley: you, too. coming up in the next hour, football legend joe namath. i want to know what he makes of a virtual nfl season. a virtual nfl draft. we will get his thoughts on that. >>> the next legend on the show, keith hernandez. what does he make of major league baseball playing games in empty ball parks in arizona? of course i will ask him about that. >>> but next, i've got a gue