i'm joined by miles o'brien, cnn space analyst, and scott kelly, nasa astronaut. scott, your feelings right now? >> lately not a lot of great news or good news in this country. this is just great. i'm very excited not only for bob and doug but all the time that put so many years of labor into this. the first flight of anything is significant but more so the first flight of doing something like this is a real achievement so i am absolutely thrilled. >> on the left-hand side of your screen there is the landing drone basically of the first stage of that rocket. miles o'brien it is always remarkable to see this. this is a launch we haven't seen before. yes spacex has launched unmanned capsules and rockets before but this is the first time astronauts are onboard so we are watching something happen for the very first time. >> yes, john. we should point out they are officially on orbit now. that is a big deal as you turn offer the engines and begin hurtling around the planet at 17,500 miles an hour the critical 8 1/2 to 9 minutes we worry about the most. it is similar and

i know they are doing a safety brief right now and i recall doing that, meeting up with scott kelly and the crew members on board during my expedition and going through all the emergency equipment, being shown this is where the toilet is, this is where you are staying, this is where the food is, all of those important items. ton having the opportunity get used to floating in space, being in that weightless environment. bob and doug are veteran space flyers, so that adaptation will happen quickly. i know they are enjoying being in low-earth orbit and looking butard to the work ahead, kind of reflecting on this incredible experience these past 24 hours and team, nasa at spacex, their family and friends that helped get them up there. >> thank you so much. you were talking earlier about what is next with the program. anything to add to that? >> we have had a big agenda to commercialize low or -- low-earth orbit. we are launching american astronauts commercially. we need spacex to get customers that are not nasa. we've seen evidence of that, which is a positive thing because it will drive do

i recall doing that, meeting up with scott kelly and the rest of the crew members that were on board during my expedition. and going through all of the emergency equipment. kind of being shown, hey, this is where the toilet is and this is where you're staying, this is where the food is, crossing all of those important items and then having an opportunity to again, get used to floating in space. being in that weightless environment. bob and doug are veteran space flyers, so that adaptation will happen very quickly. i know they're enjoying being in lower earth orbit and looking forward to the work ahead. but at this point reflecting on this incredible experience and the incredible 24 hours. the team nasa and space ex. their family and friends that really helped them get up there. >> i know we were talking about what is next with the program. anything to add on that? >> obviously, you know, we've had a big agenda to commercialize lower earth orbit. that's under way. we're launching american astronauts commercially. we need spacex to get customers that are not nasa. we've seen evidence o

emmitt scott was in many ways washington's hatchet man. >> yeah. >> he's out of a job. he ends up at howard. will kellyiller is at howard. they write two of the world war i books. but when he raises that, scott doesn't go to france. these are people frying to figure out -- >> yes. >> scott goes to france and they're like, look, man, i don't know why they sent you here to calm us down. the soldiers are not coming -- >> when the president went and he told african-american soldiers calm down. don't rock the boat. et cetera, et cetera, et cetera. and, of course, dubois comes back and rocks the boat. he changes. >> the only reason i mention this is because as you say, the intellectuals of that period, then and now, the best thinkers are the ones that republican gauged thinkers. randolph is on the sidelines. when he does call up that march, you know, they're like wait a minute, hold on. yeah, that's not the only reason we were coming to d.c. they have a three day conference at howard on -- these black women are like, wait a minute. we're nost jut just coming to integrate the military jobsst we're talking abo

emmett scott was in many ways washington's hatchet man. he's out a of a job. he ends up at howard. kelly miller's at howard. they wrote two -- he's the historian for alpha for alpha. >> look out. >> doesn't scott go to france? these are sintellectuals -- scot goes to france. those soldiers are like i don't know why they sent you over here to calm us down. these soldiers are not coming back to the united states. >> he told african-american sole skr gers, calm down, don't rock the boat, et cetera, et cetera, et cetera, and of course dubois comes back and he rocks the boat. he changes from close the range ranks. >> the intellectuals of that period then and now, the best thinkers are the ones who are engaged thinkers. so randolph is not on the sidelines. you know, and then ultimately in world war ii he calls off that march, mary bethune, hold on, that's not the only reason we were coming, they have a three-day conference at howard. these black women are like wait a minute we're not coming to integrate the military jobs we're coming to talk about what our race needs. in conclusion, i'm saying

we have the new hours looking ahead to next week enjoy the week kelly picks it up now. >>> thank you, scott welcome, everybody on this friday, the selloff is continuing today with the dow down almost 100 points and stocks on the pace for the worst weekly decline in eight weeks now. why? increasing china tensions, weak economic data. take a look at oil rallying and nearing the $30 mark the june contract expires tuesday and expect a lot of volatility going into that on the economic front, retail sales plunged 16% in april, way worse than expected. industrial production down 11% there was a bright spot. consumer sentiment picked up in early may, came in better than expected gives us maybe more insight of the what the psyche of the consumer is right now. let's get more on the markets with dom chu for that. >> let's put numbers to the themes in the open take a look at the dow, s&p and nasdaq generally a negative session today and hovering in the middle of the session at the highs the dow industrials up 27. at the lows down 271 on a percentage basis -- now take a look at the sectors because it is

scott gottlieb. and, gary kelly, c.e.o. of southwest airlines.sident trump tweeted today that he is glad to see north korean leader kim jong-un is well after weeks of rumors about his health. cbs' asia correspondent ramy inocencio has the latest. >> reporter: to cheering crowds, north korea's leader, kim jong-un, reappeared to his people and the world, very much living and breathing. state-run media showed him cutting a ribbon at an opening ceremony of a fertilizer factory and filmed smoking a cigarette. april 11 was the last time kim was seen in public. but on april 15, he missed the country's biggest holiday, the birthday of his late grandfather, kim il-ung, north korea's founder, leading some media outlets to speculate about his health. kim jong-un's disappearance had thrust talks about possible successors into the spotlight, with his younger sister 31-year-old kim yo-jong floated as a prime candidate. north korea annualest rob carnahan: >> you have to be tough if you're a north korean leader. you have to do tough things. and i don't know if s

scott. >> it's good seeing everybody. it's been a fun hour stocks just off the highs of the day. keep your eye right there. kellyright now >> thank you, scott. larry kudlow joins us exclusively. we'll talk job losses, the state of reopenings, ppe changes and potential up in sanctions against china. it's all on the agenda today speaking of china, the country tightening its grip on hong kong at what point should u.s. companies begin to worry about doing business there >>> and believe it or not, more shoppers are going to stores than expected. well tell you the names where the traffic has surprised the analysts to the upside but we begin with today's markets. some interesting rotation underway, shall we say, dom? >> we can talk about

scott mcgrew has analysis, next. >>> and seth meyers is on "the kelly clarkson show," going over his quarantine habits. what can't he live without? you have to watch to find out. watch "kelly clarkson" on nbc bay area at 3:00 this afternoon. we're all doing our part by staying at home. that could mean an increase in energy bills. you can save by using a fan to cool off... unplugging and turning off devices when not in use... or closing your shades during the day. stay well and keep it golden. >>> welcome back. uber is cutting 3,000 jobs. this is less than two weeks after the ride share company laid off 3,700 employees. uber is also closing or combining 45 offices around the world and it is considering cuts to other businesses such as freight. >>> it's said the world is never truly going to be safe without a vaccine. and this morning there's a very early candidate. scott mcgrew has been looking into this. scott, we need to stress, these are very early days. >> reporter: right, we can hope, right? so, marcus, here's the deal. with this new vaccine, it's been effective in just eight patients. the company

scott. >> it's good seeing everybody. it's been a fun hour stocks just off the highs of the day. keep your eye right there. kelly will right now >> thank you, scott. larry kudlow joins us exclusively. we'll talk job losses, the state of reopenings, ppe changes and potential up in sanctions against china. it's all on the agenda today speaking of china, the country tightening its grip on hong kong at what point should u.s. companies begin to worry about doing business there >>> and believe it or not, more shoppers are going to stores than expected. well tell you the names where the traffic has surprised the analysts to the upside but we begin with today's markets. some interesting rotation underway, shall we say, dom? >> we can talk about rotation. i'm also noticing, we're about 12 feet away from each other, appropriately socially distanced. take a look at the markets, near their session highs of the day the s&p 500 up about 1%. and the nasdaq up about a percent, as well so just about in line with the all three major averages i'm not going to touch this, just so you know, because it's our new world order. however,

kelly evans now. >>> thank you, scott hi, everybody. here's what's ahead. the president is expected to lay out his plan to go after china the white house is holding a news conference at 2:00 p.m. markets waiting to see if a pullout out of the trade deal. >>> plus, senator ted cruz is joining the president and others amping up the fight against twitter. will jack dorsey regret policing political speech irks the boss wants to know what you're doing this weekend because of covid-19. we'll get into that on rapid fire which is back today. >>> first, dom chu is here with the numbers. >> our bosses know what we are doing right now. socially distant and we have seen a little bit of positive momentum emerge in the parts of the market the dow industrials off and not near the worst levels of the day and seeing how that plays out. s&p 500 hanging above that 3,000 mark the nasdaq in the green right now. s&p 500, russell 2000, that gap is big and watching to see if it narrows. small caps still a lagging trade. take a look at the consumer. have and have notes. nordstrom d

kelly evans now. >>> thank you, scott hi, everybody. here's what's ahead.resident is expected to lay out his plan to go after china the white house is holding a news conference at 2:00 p.m. markets waiting to see if a pullout out of the trade deal. >>> plus, senator ted cruz is joining the president and others amping up the fight against twitter. will jack dorsey regret policing political speech irks the boss wants to know what you're doing this weekend because of covid-19. we'll get into that on rapid fire which is

kell kelly evans picks it up. >> thank you, scott.elcome, everybody we have milestones to consider stocks in doinger of giving up the may gains today. the dow a fraction away from turning negative on the month. the dow down 97. it by far the underperformer of the group. the s&p is down just a tenth of a percent and the nasdaq turned positive by about ten points it's a relatively strong start to the week and we're still on pace for the best in six let's dig in to today's moves with rober

kell kelly evans picks it up. >> thank you, scott. welcome, everybody we have milestones to consider stocks in doinger of giving up the may gains today. the dow a fraction away from turning negative on the month. the dow down 97. it by far the underperformer of the group. the s&p is down just a tenth of a percent and the nasdaq turned positive by about ten points it's a relatively strong start to the week and we're still on pace for the best in six let's dig in to today's moves with robert pisani bob? >> kelly, you're right for the month but for the week it's been pretty good. the s&p up almost 3% we are on the flattish side today. there's a tug of war between two different issues, china, positive comments by mr. fauci on the update of moderna and a tug and war and i want to point out we have had nice breakouts from banks, from industrials, from some of the retailers, broadening of the market which is my main theme today on the flatter side. just on china, remember, this is a thing, trade with china issue issues with china, moving the

we have the new hours looking ahead to next week enjoy the week kelly picks it up now. >>> thank you, scott welcome, everybody on this friday, the selloff is continuing today with the dow down almost 100 points and stocks on the pace for the worst weekly decline in eight weeks now. why? increasing china tensions, weak economic data. take a look at oil rallying and nearing the $30 mark the june contract expires tuesday and expect a lot of volatility going into that on the economic front, retail sales plunged 16% in april, way worse than expected. industrial production down 11%

kelly picks it up now. >>> thank you, scott hi, everybody. welcome to "the exchange" today. look behind me the nasdaq is major average been in the green this morning but the s&p just joined it just turned positive, fluctuating right now we'll call it for the s&p 500 the nasdaq up 58 the dow down by a third. here's the trend playing out underneath the surface to watch. the at-home trade is back with zoom up big. moderated to a 4% gain netflix up fractionally and all-time high today and retail is losing momentum walmart entirely given up the earlier gains and kohl's is worst stock in the s&p 500 we'll have more on retail in a bit. >>> powell and mnuchin just wrapping up congressional testimony and we begin today with steve liesman here with the headline that is all investors need to know. >> thank you both defending the government programs and their enactment of it with really answering the critical questions about this public debate. how soon will the money get out there? is it going to the right people? is it enough or is more going to be needed? that's a critical question i

kelly evans picks it up now. >>> thank you, scott the dow down about 85 points right now. the s&p and nasdaq also negative dow was down 200 or so at the lows it still remains on track for its biggest weekly gain in six weeks. something to keep in mind today as we continue to see these declin declines it's been a tug-of-war over two big headlines. the bu bulls listening to new york governor cuomo talking about

scott, i know you will as well. thank you. >>> just in, we're learning that surfer ben kelly, he died of that shark bite to the right knee. the 26-year-old was bitten on saturday while in the water off the beach south of santa cruz. kelly leaves behind a wife. >>> teachers are going the extreme mile, extra mile, to keep the attention of their classes. here is laura garcia with what one teacher is doing. >> let's talk about something good. this middle school teacher has the force on his side. you probably know distance learning isn't easy for anyone, kids can easily get distracted. south carolina teacher matt boone decided the best way to keep his kids' attention would be incorporating something they love, "star wars." every day he creates short videos which he writes and edits and even plays all the characters. >> one student kept saying, what's tomorrow's video going to be about? i have about 83 to 93% weekly participation, so i'm pretty proud of that. >> good for him. boone says his next mission to keep them interested willclassil music, that is. he will actually be playing the violin, keeping them entertained. >>> lego

kelly picks it up now. >>> thank you, scott hi, everybody. welcome to "the exchange" today. look behind me the nasdaq is major average been in the green this morning but the s&p just joined it just turned positive, fluctuating right now we'll call it for the s&p 500 the nasdaq up 58 the dow down by a third. here's the trend playing out underneath the surface to watch. the at-home trade is back with zoom up big. moderated to a 4% gain netflix up fractionally and all-time high today and retail is losing momentum walmart entirely given up the earlier gain

> great stuff great having everybody thank you so much for watching kelly picks up the breaking news coverage now. >>> thank you, scott hi, everybody. welcome. stocks are rising today on optimism that the economy is starting to reopen the nasdaq less than 1% away from turning positive for the year right now it's up under just 2%. the s&p up 1.6%. the dow up 1.4%. oil is also a driver of today's rally. it's on pace for a five-day win streak wti crude up 21% right now it's come a little bit -- no extending them i misread that for a second. $24.72 a barrel and continued to move in the sessio

. >> steve >> xhb >> all right good stuff thank you for watching kelly evans picks up our coverage now. >> thank you, scott. hi, everybody. here's what's ahead. the market is staying the back on the stay-at-home trade. restaurants and big brewers are heading higher >>> plus getting out of the house means getting back to travel and more. we'll go inside with what the "the wall street journal" is calling the careful economy. >>> plus, to infinity and beyond in just a few hours from now, nasa with elon musk will launch two astronaut into space the meaning of this milestone coming up. >>> we begin with today's markets. bob pisani with a look at that >> we have been choppy today but the basic theme continues and that's broadening out and it is not just fang anymore, folks in fact, down today. it is the small caps are continuing to outperform that's what you want to see. we are taking bank stocks continuing to outperform boy is that something to see breaking out industrials are breaking out, too. caterpillar had a great and ge, the retailers, heavens, kohl's had a good week. that's what i mean of broadening out

kelly evans picks up our coverage now >> thank you, scott. and hi, everybody. welcome to the exchange, as we have stocks fighting back into positive territory today, and at session highs, we've pared some big losses from earlier. the dow is up about two-thirds of 1%. we're just below 24,500. stapp is up about seven points by the way, for the week, the major averages are still pretty deep in the red. the s&p and dow down around 4%, around 3.5% for the nasdaq as for today's action, news that the white house says it's open to the idea of yet another stimulus bill seems to be part of the reason traders are taking a step back from the ledge

kelly evans picks it up now. >>> thank you, scott the dow down about 85 points right now. the s&p and nasdaq also negative dow was down 200 or so at the lows it still remains on track for its biggest weekly gain in six weeks. something to keep in mind today as we continue to see these declin declines it's been a tug-of-war over two big headlines. the bu bulls listening to new york governor cuomo talking about improving coronavirus numbers. >> kelly, you're absolutely right. there's a pull and tug here, let's just call it, between the bulls and the bears today. let's just take a look at the s&p 500, because we're down a little bit right now, but i still see evidence of the market broadening now let me show you the intraday on the s&p 500. see that dip in the middle of the day? that's when we start getting headlines, beijing threatens u.s. with sanctions. this is a big market mover reopening, stimulus, treatment, china relations. those are the big four things that move the markets and you have one of those we're talking about today. but overall, let's look at the sectors tod

kelly evans picks up the coverage now. >>> thank you, scott hi, everybody. we have a nice rally on wall street as the major averages recover almost all of yesterday's losses the dow on pace to close at the highest level since march 10th the s&p crossing above the 100-day moving average for the first time since february. it's up 48 points, across the board gains of 1.5%. and oil is getting a nice boost on signs of improving demand and surprise draw down in inventories. the energy sector is the top performer in the market right now. crude up about 3%, not a huge move in size but the level $33 a barrel for that now july contract which we have rolled over to. this awaiting the results of the 20-year bond auction the first time of a 20-year auction since 1986 the treasury needs to issue a lot of debt to fund the coronavirus relief efforts we will have the latest in a moment first the latest on the markets with bob pisani. >> i'm encouraged by the action today because i see broadening of the market happening on monday, as well. let's show you when's up today and n

. >> thanks, everybody kelly picks up the breaking news coverage now >>> thank you, scott welcome, everyone. a mixed picture for the markets as we kick off the first full week of may. dow's down 202 points. s&p down 13. nasdaq bucking the trend today this weekend states started to open up. but despite a flurry of activity looking at travel, entertainment and retail, it shows you unless this trifecta is back on track in a big way the economy is stuck in neutral we pick up on that topic with bob pisani this afternoon. hi, bob. >> i watched warren buffett over the week he didn't buy much a great bargain hunter like him? people were surprised like that. he didn't pick up the bargains out there and why i think we're down today let's remind everybody out risks for may. reopening slower than expected i think people feel that there you see the index, s&p 500 is off the lows right now. reopening slower than expected economy reopening doesn't go the way everybody wants it to go maybe flagging fiscal monetary stimulus the aid to states and cities is debated right now. the airlines are hurt as mr. buff

> great stuff great having everybody thank you so much for watching kelly picks up the breaking news coverage now. >>> thank you, scott hi, everybody. welcome. stocks are rising today on optimism that the economy is starting to reopen the nasdaq less than 1% away from turning positive for the year right now it's up under just 2%. the s&p up 1.6%. the dow up 1.4%. oil is also a driver of today's rally. it's on pace for a five-day win streak wti crude up 21% right now it's come a little bit -- no extending them i misread that for a second. $24.72 a barrel and continued to move in the session today. even the president took note tweeting that, quote, oil prices are moving upnicely as demand begins again let's start with bob pisani with the move higher in the market, bob, and everything contributing. >> yeah. energy really on a tear right now. on a bit of a breakout energy's leading retail's leading 3 to 1 advancing to declining stocks again today second day in a row with advance/decline line. breadth as we call it. we are on 100 points either side of the roughly 2850 on the s&p 500. i think that important thing is while w

. >> thanks, everybody kelly picks up the breaking news coverage now >>> thank you, scott welcome, everyonea mixed picture for the markets as we kick off the first full week of may. dow's down 202 points. s&p down 13. nasdaq bucking the trend today this weekend states started to open up. but despite a flurry of activity looking at travel, entertainment and retail, it shows you unless this trifecta is back on track in a big way the economy is stuck in neutral we pick up on that topic with bo

. >> steve >> xhb >> all right good stuff thank you for watching kelly evans picks up our coverage now. >> thank you, scott. hi, everybody. here's what's ahead. the market is staying the back on the stay-at-home trade. restaurants and big brewers are heading higher >>> plus getting out of the house means getting back to travel and more. we'll go inside with what the "the wall street journal" is calling the careful economy. >>> plus, to infinity and beyond in just a few hours from now, nasa with elon musk will launch

kelly evans picks up our coverage now >> thank you, scott. and hi, everybody. welcome to the exchange, as we have stocks fighting back into positive territory today, and at session highs, we've pared some big losses from earlier. the dow is up about two-thirds of 1%. we're just below 24,500. stapp is up about seven points by the way, for the week, the major averages are still pretty deep in the red. the s&p and dow down around 4%, around 3.5% for the nasdaq as for today's action, news that the white house says it's open to the idea of yet another stimulus bill seems to be part of the reason traders are taking a step back from the ledge but let's get to more of the details with dom chu dom? >> it's a pretty significant turnaround, kelly. it's a bit of a mixed picture from the sector perspective, but take a look at these numbers like you said, 135-point gain for the dow industrials. we were down nearly 460 points at one stage there for the s&p 500, this is right near session highs, up around six points or so the nasdaq still floating with marginally negative terr

kelly? i'm quickly going to send it over to you now. >> scott, thanks so much have a great weekend, everybody. welcome to "the exchange." first day of may look at the action, stocks are starting sharply lower maybe not a big surprise we also have fears of potential new tariffs of china, nervousness of the reopening of the economy and worries of travel and hospitality in particular the dow overall down just under 600 points the nasdaq down 3.3% amazon one of the worst performers take a quick check energy pretty much leading the way lower. more on that in a moment but tesla's probably the story of the hour right now. down about 8%. after elon musk himself went on a tweet storm about the stock price being too high even saying he's considering or is in the process of selling all of his physical possessions. much more on what's going on he here but first let's get to bob pisani for earnings and action in the market today, bob. >> yeah. a lot of contradictory things from the companies more in the 2:00 p.m. hour but the markets, we opened on the weak side in the first day of may and drifted lower la

kelly evans picks up the coverage now. >>> thank you, scott hi, everybody. we have a nice rally on wall street as the major averages recover almost all of yesterday's losses the dow on pace to close at the highest level since march 10th the s&p crossing above the 100-day moving average for the first time since february. it's up 48 points, across the board gains of 1.5%. and oil is getting a nice boost on signs of improving demand and surprise draw down in inventories. the energy sector is the top performer in the market right now. crudup

kelly? i'm quickly going to send it over to you now. >> scott, thanks so much have a great weekend, everybody. welcome to "the exchange." first day of may look at the action, stocks are starting sharply lower maybe not a big surprise we also have fears of potential new tariffs of china, nervousness of the reopening of the economy and worries of travel and hospitality i

kelly evans picks up the breaking news coverage right now. >>> thank you, scott welcome, everybody on this monday, coronavirus is sending stocks surging today with the dow and s&p having the strongest day in more than a month. all three up for a third straight day positive for may so far. a big rally in oil helping sentiment. crude around $32 a barrel. we'll have more on that in a moment take a look at the sectors and the markets first to see the gains that i'm tacking about the dow up 824 opponents 3.5% gain now practically. 86 points higher for the s&p a 3% gain. the nasdaq the laggard having outperformed for the recovery. i mentioned the senior citizen -- sectors. we are leading with energy today with a 7% gains. financials are also among the best performers. industrials up 6% so some of the least liked parts of the market leading the way back health care is actually the least strong performer today still all in the green as you might have discerned the reopening trade, we have seen the trades all day, remarkable gains here that's also really leading the way higher let's get more f

. >> kelly evans picks up the breaking news coverage right now. >>> thank you, scott welcome, everybody, on this tuesday. it is a mixed picture on wall street this afternoon as stocks aim for a longest winning streak since december right now we have got the dow up 19 s&p fractionally lower the nasdaq once again up by 40 let's get to dom chu for more on this action. >> very mixed. about what's happening right now. take a look behind me. what you are seeing is that materials, technology and health care maintain a leadership position in the trading today and then we have got utilities, industrials, financials and real estate, defensive and economically sensitive sectors in t m

. >> kelly evans picks up the breaking news coverage right now. >>> thank you, scott welcome, everybody, on this tuesday. it is a mixed picture on wall street this afternoon as stocks aim for a longest winning streak since december right now we have got the dow up 19 s&p fractionally lower the nasdaq once again up by 40 let's get to dom chu for more on this action. >> very mixed. about what's happening right now. take a look behind me. what you are seeing is that materials, technology and health care maintain a leadership position in the trading today and then we have got utilities, industrials, financials and real estate, defensive and economically sensitive sectors in the mix here. it is technology in particular that i want to focus on right now because as you know look at the trading action on a one week basis, 5% gains in the technology sector and the s&p. that's important because it makes it the most improved or most high performance sector over the last week in the s&p 500. take a look year to date this is important because on a year to date basis, 4.5% gains so it's the only s&p

kelly evans picks up the breaking news coverage right now. >>> thank you, scott welcome, everybody on this monday, coronavirus is sending stocks surging today with the dow and s&p having the strongest day in more than a month. all three up for a third straight day positive for may so far. a big rally in oil helping sentiment. crude around $32 a barrel. we'll have more on that in a moment take a look at the sectors and the markets first to see the gains that i'm tacking about the dow up 824 opponents 3.5% gain now practically. 86 points higher for the s&p a 3% gain. the nasdaq the

thank you, everybody kelly evans picks up the breaking news coverage right now. >>> masterful how he squeezes all that in. scott, thank you hi, everybody. fed chair powell said the path ahead is highly uncertain. stocks are sharply lower as wall street starting to fear we need a new symbol to explain the new economic reality we are about to face plus the global supply chain in tatters in the wake of covid-19 and news that at least one major university on the east coast is hoping to have students on the campus in the fall as the nation's largest college system is doing the opposite. we start with the selloff. dom? >> we are hovering just near the lows of the day so far as you can see, all around close to 2% below where they were just at the close yesterday the dow industrials to the downside the s&p, 2950 level, 4% below where we have been in the last couple of days watch that level seems to be near term resistance or slowing momentum in the markets around those levels. heat map is all red. industrials, financials and energy the underperformers two things to pay attention to consumer staples, the only s&p sector

. >>> kelly, thank you very much still ahead, two big ceo interviews you'll want to hear we'll speak to the ceo of scottsiracle gro. that's one of the stay at home stocks up 20% in just the past month. tapestry working to reopen stores around the globe. its ceo will lay out its path forward as well as retail in general. remember you can watch or listen to us live on the goe, on the cnbc app we'll be right back as our special breaking news coverage continues. ♪ happy birthday! so, it goes... ♪ hold up your answers. how is mickey doing today? ♪ you're just a really hard worker. ♪ ♪ ♪ ♪ this virus is testing all of us. and it's testing the people on the front lines of this fight most of all. so abbott is getting new tests into their hands, delivering the critical results they need. and until this fight is over, we...will...never...quit. because they never quit. >>> welcome back let's check on the market which is have moved to the upside in trading session only to lose some of those gains in the past 40 minutes or so the dow is hanging on the the green. the s&p fractionally lower the nasdaq down by half a pe

. >> good stuff, everybody kelly, we apologize for running into your time period but take it away. >> what's a couple seconds between friends? thank you, scott everybody. welcome to the show today. rally on stocks are surging on optimism of reopening the economy and vaccine news

. >> good stuff, everybody kelly, we apologize for running into your time period but take it away. >> what's a couple seconds between friends? thank you, scott hi, everybody. welcome to the show today. rally on stocks are surging on optimism of reopening the economy and vaccine news the s&p back over 3,000 and back above the key trend line and we will have the latest plus, play ball. we'll speak with the chicago cubs chairman on when baseball's coming back and the battle with players over that. >> later, could it be? a market strategist can make the case for a v-shaped recovery and much stronger stock market than most think we will have all of that for you. first the rally. bob pisani is here with more for us bob? >> we are back over 3,000, kelly. that is essentially the 200-day moving average for the s&p 500 sitting just off of the highs today and i think the break over 3,000 is certainly important psychologically. i mentioned just off the highs s&p midday getting stronger and then little bit of downside. mr. kudlow came out saying the trade deal is no longer a priority saw we dipped a little bit and not dramatically broken the overall mome

thank you, everybody kelly evans picks up the breaking news coverage right now. >>> masterful how he squeezes all that in. scott, thank you hi, everybody. fed chair powell said the path ahead is highly uncertain. stocks are sharply lower as wall street starting to fear we need a new symbol to explain the new economic reality we are about to face plus the global supply chain in tatters in the wake of covid-19 and news that at least one major university on the east coast is hoping to have students on t