. >>> if it's tuesday, it must be tilman frittia calling on america's governors to show some real leadership and tell us where the goal posts are on reopening. power lunch starts right now >>> tyler, thanks. it's energy leading the way today. on track for its best day since june 5th it might not matter as much as it used. bob has more >> technology stocks, 27% of the s&p 500. that doesn't include google which is really a tech company or amazon which is a consumer discretionary. all together top six companies are 25% of the s&p 500 just about. it's approaching that. it's crazy the rest of the sectors are shrinking. let me show you what the sectors are today. energy is only 3% of the s&p 500. now it used to be 5% a few years ago but financials have shrunken dramatically for example, it was 15% of the s&p just five years ago. industrials were 10% now it's down to 8 materials were 3 to 4% tech keeps growing and everything else keeps shrinking. that's a bit of a concern for the people who want some kind of diversification in the market. they are taking a day where they are selling some tech names

. >>> still ahead, billionaire tilman is ahead. there's no v the stock hitting another record high today it has more than tripled this year it's up 220% even the analysts are throwing in the towel we have the tas,ex osdeil nt. >>> welcome back tesla is on a tear notching its fifth straight day of records ar bull case today. tesla's $259 billion market cap now makes it larger than 97% of the s&p 500. todd gordon. >> it just keeps going higher day after day. you said it yourself it's been very fun to watch. that's all we've been doing is watching which is not all that great. it doesn't make money yet. it's very difficult to do so the shorts start to win a little bit and everybody thinks they will go out of business, that's been the traditional buy point if you want to be a buyer of tesla, i think you have to wait for that pull back and be very careful here >> todd, you're watching the technicals is there a pull back in store and if so, when? >> not sure when that pull back might come we agree on the fundamental point of view. valuati

more years a top analyst says the worst could be yet to come >>> plus, it's tuesday it's time for tilman the billionaire is here with a message for politicians across the country as reopenings are rolled back in many regions. he's not happy about it. >>> firtst, we have breaking new on comments from fed governor. steve is standing by with more >> fed governor saying the fed is likely going to need to shift its monetary policy from a policy of stabilization to a policy of accommodation which means helping the economy achieve the level of growth that it has previously. remaining low until certain employment outcomes are hit. a thick fog of uncertainty now surrounds the united states. she goes onto say the downside risk dominates the strength will depend on additional support along with monetary policy. she urges fed emergency facile tills to be as broadly accessible as possible perhaps a concern on her part that maybe some of the current facilities are not. melissa. >> does she sound much more pessimistic compared to other federal reserve board members? >> she does sound somewhat more pess

to the economy if a deal doesn't get done a new letter emerges to describe the recovery plus, it's tilman tuesday. if you watch this network hoping your stocks can go up so you can leave your kids and grand kids a lot of money when you die, you're doing it wrong according to the author of a new book. "power lunch" starts right now >> we welcome you to "power lunch. stocks lower the dow is down less than 50 points right now 3m and mcdonald's are two of the biggest contributors to that decline. both reported results this morning. we'll have details a bit later in the meantime, bob gets us caught up on what's been happening on the market today. robert >> hello, william. good to see you. we have one third of the s&p reporting. two stories. one is the reopening story is not going that well. the other story is cheer up. the second quarter was the bottom which is it? sherwin williams knocking the ball off everybody is painting their house. the home builders are billing it dr horton, great numbers orders were way above expectations then there's the other side, companies saying we are not providin

it's a day late for tilman tuesday, but never short we're right back after this break. >>> welcome backeveryone, here is your cnbc news update california reporting another report for new coronavirus cases. more than 9700 have been confirmed in the state since yesterday. governor gavin newsom is expected to retighten virus restrictions within the next hour you can go to cnbc.com for updates on the pandemic. >>> russian election officials say voters have overwhelmingly approved constitutional amendments some will allow president p president putin to stay in power. but complaints have been received about election violations. >>> coca-cola is discontinuing the odd wabwalla juice brand. >>> comedy central has committed to two seasons with the create r or the deals also calls for spinoffs and specials. that is the news update. what is old is new again canned soup? beavis and butthead? plastic bags there you go >> sue, thanks very much despite today's positive vaccine news, tillman fman fertitta as d business has been showing a slow recovery, but not anymore. the sales dropped 8% by the week b

tilman, don't miss tilman tuesday 2:30 p.m. eastern time >>> up next, google extending its work from home order is that another bad sign hasbro dropping by 30% it's not from a lack of demand we will explain why the stock is down%,ex 7 nt. oh, we love our new home. neighborhood's great. amazing school district. the hoa has been very involved. these shrubs aren't board approved. you need to break down your cardboard. thank you. violation. violation. i see you've met cynthia. at least geico makes bundling our home and car insurance easy. and it does help us save a bunch of money. two inches over regulation. thanks, cynthia. for bundling made easy, go to geico.com thanks, cynthia. as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected. this is about the

next hour, it's tilman tuesday he weighs in on why he thinks ending the 600 dollar unemployment benefit would be a huge mistake stay tuned how does the world reopen for business? to return to the workplace, safely, companies will need the right tools. that's why salesforce created work.com it's an all-new suite of apps, expertise, and services. to manage this crisis today, and thrive tomorrow. everything companies need to return to the workplace. let's reopen. safely. >>> hi, everybody. welcome to "power lunch. as we hurdle toward friday's stimulus deadline, a look to the economy if a deal doesn't get done a new letter emerges to describe the recovery plus, it's tilman tuesday. if you watch this network hoping your stocks can go up so

go back to stay at home orders across the board >> i was thinking about the discussion we had with tilman this week. there's not a better standard for understanding when are we reopening. when might we close again. right now it feels like every local authority is coming up with its own plan or calling it day by day >> i think that frustration you are out lining with a lack of clarity is something dr. fauci has been expressing his frustration with as well saying there are guidelines that have been laid out at the federal level. these are guidelines that states and localities can choose to follow he said just follow the guidelines don't say open or closed go about it in staged manner and that's why he's so frustrated because he thinks states didn't do that. >> it could bebetter communicated and maybe harmonized thank you. >>> here is another shutdown leading the airlines as they n warn about layoffs we'll tell you what names are at most risk. the used car market is taking off. that's sending shares of avid budget soaring we'll talk to the ceo later this hour chorstig aad experience the adve

last week tilman fertitta called for federal guidelines to give more guidance to industries. >> let'save experts in every city, state and county, let's get the smartest people in the united states into the oval office, and let's come up with a system and a plan and give everybody clarity and do everything by percentages. if you're a small city or big city, small state or big state, we all play by the same rules. let's find out what our next guest thinking about that. we welcome back jonathan tisch, co-owner of my beloved new york giants always good to see you thanks for joining us. >> thank you so much for having me today you famously were one of the owners to try to revive the tourism industry to bring people back to the big apple. this time around, do you use the same strategy? what do you do, and what role do you think the federal government should play? >> there are some opportunities, there are some similarities to think back to 9/11, where we really put aside our individual concerns and work together towards the greater good our industry was once thought of as disparate entities

it's the yo-yo that tilman was talk b about yesterding about y. what happens to the workers now?we're still millions below pre-pandemic levels when it comes to restaurant employment from march through may, 8 million jobs were lost or workers put on furlough. we have seen a lot of big hiring announcements from taco bell, dominos. some of these players were doing better than most mcdonald's had the biggest hiring announcement of too,0250 workers. whether or not this puts their plans on hole remains to be seen >> absolutely. run us through, if you can, the space and where you think investors should put their money. starbucks is your top pick who else do you like who should people stay away from >> i like starbucks. the way to think about this category now are not only the winners but how the winners will take shape and which categories will be the most stressed coming out. it's no surprise sit down restaurant, casual dining, fine dining will be disrupted i look at a player like garden starbucks is interesting because they've had to reclose they have seen some weaknesses less morning

would open his restaurant in this case, i've decided to be much more methodical and much slower what tilman is referring to is this opening and closing could be the death nail. when people are buying up food and you throw out 100,000 there are of food, it's the end. you have to be really slow and really take your time. if used properly, it will save the industry some people say you would have been better taking the loans now. that forgiveness would carry through the holidays >> did i hear you say you're not paying rent? will you your own landlord or are they pounding on the door now? >> in brooklyn i'm on own landlord in manhattan, i have landlords who i'm negotiating with they are being understanding the retail landscape which we have seen retail rents go up i think they will come back down to reality we're in good standing we already paid our rent >> thank you so much my pleasure to check in with you again. keep us posted for more on the path forward for roping america's restaurants and businesses, don't forget to join us ftilman tuesday bill >>> the dow has a more than 1% gain right now

coming up, billionaire tilman is back he's join us with latest on the reopenings or not of his restaurants and why he's getting more and more concerned. i'll see you with bill griffith for power lunch right after this short break. you're first. first to respond. first to put others' lives before your own. and in an emergency, you need a network that puts you first. that connects you to technology to each other and to other agencies. built with and for first responders. firstnet. the only officially authorized wireless network for first responders. because putting you first is our job. we're committed to making college more accessibley, by making it more affordable, that's why we're keeping our tuition the same through the year 2021. - i knew snhu was the place for me when i saw how affordable it was. i ran to my husband with my computer and i said, "look, we can do this." - [narrator] take advantage of some of the lowest online tuition rates in the nation. find your degree at snhu.edu. >>> welcome back this is power lunch. welcome aboard most of them under pressure. look, the nasdaq holdin

more years a top analyst says the worst could be yet to come >>> plus, it's tuesday it's time for tilman the billionaire is here with a message for politicians across the country as reopenings are rolled back in many regions. he's not happy abo

down by a pandemic is there more they could do to help these stores, we've heard from the likes of tilman furious at landlords not this one but in general for making them pay rent should and could these mall owners do widespread rent forbearance, maybe help keep these chains from going into bankruptcy >> sure. you do hear a lot of these discussions remain ongoing there are a lot of negotiations happening behind the scenes in terms of retailers paying less rent any of these companies, these mall owners, you have your own bills to pay you have mortgages to pay as well we saw triple five group, the owner of the mall of america was, skipped a mortgage payment. was delyinquent on that. these landlords have their liability to keep up with as well i don't think it's as simple as, i think they can try to strike deals but they need their on in flow of cash as well >> is that thing going to open in. >> i know. it's a mystery i visited it late last year before the pandemic when they opened the ski slope it's a sight to be seen. i think the goal is, this project has been designed with more of an ente

we'll see you on power lunch tilman tuesday is coming up. ♪ come on in, we're open. ♪ all we do is handhe bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ >>> welcome back, everybody. welcome to "power lunch. the dow is up 300 points led by chevron an