let's go to seema modi for more on trip adviser. >> its just how badly the travel industry is hurtingrom covid-19 it estimates daily bookings and revenues across segments and products declined year over year more than 90% in late march and this trend continuing through april. trip adviser ceo stephen coffer expressed his concerns, we believe we are currently going through the darkest days and we remain confident that travel will rebound and the demand for the products and services will recover and in the meantime, trip adviser is taking steps to reduce costs in addition to laying off 23% of its workforce announcing furloughs of approximately 22% of its workforce or employees. >> worth noting, every company in the hospitality and travel space have announced layoffs or furloughs due to the pandemic from marriott to airbnb to the cruise lines and the question, when will americans travel again? the ceo says he's betting on a slow rebound in the third and fourth quarter executives say it will happen in waves and a pickup in regional travel bay car and once we have access to testing and vac

. >> fascinating stuff >>> let's go to seema mody for some trading nation. >> i want to draw your attention to to casino operators tumbling today. mgm one of the worst hit group down on a massive 97% decline. are there winner here or is this a losing hand. the trading nation team today, craig johnson and borsi. do you think the worst is behind us for the casinos >> i think in some ways yes especially for lvs which probably stands the best chance to rise from the rubble at this point. yes. it's not the first time until that region where people deal with a pandemic. i think in asian ya tasia the ps much more adaptive i think once that happens, lvs which is a strong balance sheet is going to be able to capitalize on the position despite the gloom and doom, i think asia should rebound first and lvs will be the beneficiary. the fact they have a strong balance sheet allows them to look for other acquisitions. i think they will come out of this a winner. >> craig, the industrial companies this week, discussed a cautious but close recovery in china. if that's the case, is this a sector you want to

let's go to seema mody for trading nations. >> health care is lagging today but there are some stand outs in the testing and treatment space on the promise of a covid-19 vaccine. let's bring in the trading nation team. some edge couraging early results from moderna does that bode well for other names trying to find a vaccine for covid-19 >> absolutely. we owned johnson and johnson which declared there vaccine news the initial news on february 12th found the lead candidate for the vaccine on march 30th. we like that company before covid but it is certainly well positioned along with amgen the that are using existing drugs that would get a new indication under trial right now for covid treatment. valuation led us to this group politics, were not in favor of this group last year i think that's gone away as we all strive to find a vaccine >> nancy laid out key names to watch. what's your top pick >> we remain bullish on the billibio tech industry broadly. to pick one of the larger names from the industry that's working across capitalization, avi is a stand out. we think that long term re

let's toss it over to seema mody today. >> disney falling today after more down side in theme parks. the visions this comes a di before the company reports earnings on tuesday. the trading nation team today is bill baruch and gina sanchez do you agree with theage i agna that says the impact will be much longer than anticipated >> i agree the issues they are highlighting is very big 70% of disney revenues comes from park and media. if you have lower ad spending budgets for next 18 to 24 months and a very slow reopening of the parks then that will hurt disney i agree there's reason for caution. >> bill, would you be owner o of the stock ahead of earnings? >> i think you have to be pas s patient here this is not surge last year because of the parks it's the direct consumer of the streaming. i think there's a lot of value down here. 90, $95. i think you be patient and the broader market may come a bit. that could give you the opportunity the buy disney >> thank you for your perspective. head to our website or follow us on twitter at trading nation kelly. >>> still ahead, the university o

tuesday, may 12th you can find out more about it at cnbc.com/healthyreturns >>> now let's go to seema mody>> we're watching norweigan cruise line warning it can't predict if any of its ships will sail again this as it has $2 billion of debt if equity let's discuss with our team. we have known the cruise lines have been under distress and need to address liquidity concerns why is the stock down 20% on news of this capital raise >> for me, personally, i think the cruise liners are the ones that will get hurt the worst out of this. cruise ships are a floating petpet petri dish i don't think they will come back soon. they are most likely going to head towards bank rupruptcy and their stock price could head down to 5 and even $0. >> the cruise lines are trying to address those concerns. it seems like norweigan will pay a high price to get investors on board. what's the take away for equity investors? >> that's a high coupon to be paid the last time we saw this wa carnival cruise. they paid a haiku upigh coupon l the stock got hit hard at the beginning of april when the bond sale went low for ca

. >>> let's get over to seema mody for our trading nation >> home builders stocks taking pause todaym their recent rally. the group up 44% this quarter. it's best on record as positive housing data and low interest rates fuel investor optimism despite the coronavirus especial epidemic talk a bit more about the space and whether there's opportunity. let's bring in the trading nation team. i'm curious if whether this growing shift from cities to suburbs how that plays into the housing story and whether that creates an opportunity for those home builders. >> i think it helps support continued demand fp if you see a change in how people work and what happens in the workplace, there's more remote work then you could see a mass exodus for more expensive cities into suburbs. you already had tremendous support for the home builders because you had a shortage of homes going into the pandemic. now you have low interest rates. the fly in this ointment is lenders are making itharder to get mortgages. that will be the challenge all the support is there it's a question of how the banks become the

let's go now to seema mody >> jim's covid-19 index living up to its mission finding stocks that out performn the middle of a pandemic. the index roughly 100 stocks up 7% this week and has a nearly 27% gain for the year. >> the first under the radar is zoetis we hold in our portfolio it's a spin off from pfizer. they do medicines, vaccines, diagnostic products for pets. if you look at the chart, very strong pattern the bounce back has opinion sbed if we can push through, we should be good to go the kicker is millennials in the social distancing age are likely to own more pets the other one, tried and true, netflix. we also hold really strong earnings report. double the expected subscriber growth the releasing original series. that's their model so they have several months in the pipeline the chart looks really solid there's been three higher lows leading to this recent 2020 break out. resistance is broken we like it and we hold it. >> all right john with certain economies starting to reopen, i'm curious whether these stay at home trends can last. >> i mean, i think there are two trends that

. >>> thanks very much let's get over to seema mody for trading nation >> get this, nasdaq is 6% awaycord highs but not all stocks have kept up with the rebound. check this out names like western dij gitdigit, dollar tree and cisco all sharply off their respected high can any of these names play catch up nancy, any of these names look attractive to you? >> yes we renegotiated a position in ulta i understand the investor concern about people not wearing makeup and not getting dressed to go to work. we think the company is in strong position. the valuation is attractive to us it's not super compelling but it is attractive. we initiate it which means it may take us three to six months to fill out the position we're happy to buy more. we think the online sales growth at 20 to 30% will accelerate and that will pick up some of the lag for the company. >> matt, what the you make of its out performance? >> well it's been very narrow. we all heard about five or six stocks have been taken the whole thing higher what there are some stocks that do have a lot of potential one of them is cisco this

it's expedia and seema mody has that >> a significant miss on the bottom line.eporting first quarter results adjusted loss of $1.83 versus the estimate of $1.23 loss the key metric to watch for online travel. down 35% in the first quarter year over year newly appointed ceo of expedia saying like all travel companies, a major reduction in business since the onset of covid-19 remember, the company has taken steps to boost its liquidity position over the past six weeks. the company's raised $3.2 billion in debt and equity including over $1 billion investment from silver lake partners and apollo global those two private equity firms did gain a board seat. so the question on the conference call that comes up at 4:30 p.m. eastern is whether lower cost cuts are in store and what other changes could be in the cards for expedia. that call again starts at 4:30 p.m. on the last call it was one that got a lot of attention with chairman of expedia. sounding off calling out the work culture calling it lazy we have to see what the narrative is like on this call >> thanks so mu

and let's go now over to seema mody for trading nation. hi, seema. >> hi, tyler we are watching the banks, which are under pressure today after fed chair jerome powell warned of significant economic risks. take a look at the kbe it's down 5% today, adding to major losses for the week. your trading nation team today is mark tepper and j ceo hakrrk. why are you recommending markets to stay away for banks >> you typically don't want to own banks in a recession, in especially this recession, when there's real long-term demand destruction. our economy is not going to snap back to 2019 levels quickly. it's going to take some time and as small businesses start to reopen, but now they're only doing a fraction of the business that they were doing pre-covid, they're going to be pinched for cash and remember, their rent payments are fixed and they're way too high and on top of that, work-from-home is here to stay look at twitter. they're doing work-from-home forever, right all of that means small businesses are going to have to negotiate lower lease r

let's go to seema mody, who is covering us on trading nation today. hi, seema. >> tyler, hello. we're checking on the gold miners down sharply today, as some countries ease lockdown measures and economies begin to reopen the gdx still up 16% year-to-date, but could the safety trade be in trouble mark newton of newton advisers and mark tepper of strategic wealth partners are the trading nation team today. mark internshitepper, would your own gold or the gold miners? >> i think the safety pltrade is still in play. gld is your pure player. all the miners, the issue is they actually hedge the commodity. gold does very well as a calamity hedge, and i think we would all agree this is definitely a calamity right now. it also does well during periods of inflation, but also deflation. and there's absolutely no question about it. there has been a ton of money created over the last few weeks. and when you look at the stock market over the last few weeks, the stock market's gotten cocky. i mean, it's been brushing off bad news and it just continues to move higher and higher. and i think we'

says, i've seen a turn, that's going to be the moment to take stock in right there let's go to seema mody now we have breaking news on stock that are taking a big drop chinese tech names what's happening, seema? >> that's exactly right, scott the senate has passed a law that allows chinese companies to abide by u.s. securities law and the disclosure of a specified information regarding whether they are owned by a federal government they're also requiring an actual audit. it follows ongoing concerns regarding huawei and you are seeing chinese-related names come off the highs of the day trading actually at session lows names like alibaba, jd.com and baidu. >> good and timely seema, thanks so much. carrie, what about this? you own baba, right? >> so, i hadn't really heard that, i heard a rumor, butvil i have to look into it these types of news stories happen with any chinese company. and baba has been able to sustain, i would say, a reasonable business through the worst of the coronavirus in chi china. things are starting to open there. it's a growing middle class that took a hit but we thin

seema mody has the details on another brutal day for this group. seema?ainly is, sara cruise stocks at session lows as credit rating agency moody's downgraded royal caribbean as the cruise line has gone to the debt market today pledging 28 ships as collateral in its over $3 billion bond offering a source familiar says that deal will be priced at around 12%, so in a similar range as carnival and norwegian's recent debt offerings but still a steep price to pay now, with today's losses, norwegian cruise line, the worst performing stock on the s&p 500 this year, down 82%. it's expected to report a first-quarter loss tomorrow morning. the key focus will be on long-term bookings and how it's planning to incorporate social distancing and protective gear on board sara, you may be able to social distance at t.j. maxx, but can you do the same on a cruise line that's the big question. >> seema, thank you for that those stocks suffering significantly. airline stocks also falling to multiyear lows today, the thing that value investor bill miller had to say about airli

senator jerry moran >> take two set to report tomorrow and josh lipton, expedia's earnings and seema modyst earnings report under newly appointed ceo peter curran and the covid-19 testing and the promise of a vaccine is having a longer impact on longer travel bookings and whether the growing trend of people moving from shifting to coastal towns and the rise of vacation rentals is having an impact on the home rental backgound whichec pedia bought to directly compete with airbnb and it is down 30% so far this year sara >> seema, thanks let's get to josh lipton now with a preview of take two's results. josh >> so, sara, investors have piled in to take two check out that stock it hit a new all-time high in today's trade. it has now surged more than 40% from its mid-march lows and so far this year, easily besting the broad market bulls bet take-two benefits as people shelter in place and search for entertainment tomorrow the key question will be take-two's guidance and what executives have to tell investors about their game pipeline guys, back to you. >> thanks so much for that >> it's been a

seema mody has more on that for us. >> hello, wilfred. fighting for survival but the focus is clear, get back to sea the summer before they burn through cash. they will need to return thousands of crew members home who are still stuck at sea who the ceo told me is a complicated task. >> we have already managed to get a large percentage home. we have taken the extra step of coordinating to bring a lot of crew members from all over the fleet to assemble them on individual ships, and then we are using those ships to transport them home. it is, frankly, a difficult thing to do. it is very complicated it is also very expensive. >> despite those challenges, credit suisse sees opportunity, initiating coverage of the cruise lines giving royal caribbean an out perform rating. the other thing that feign said was that the ships when they resume will operate at a lower occupancy to allow for social distancing on board, but then the question is what percentage and can you still cover the cost of operating the ship. a lot of questions still to be answe