four names we'll have analyst behind the call and despite the markets turmoil today the billionaire tilman is starting the see some bright spots in the economic turn around. he will join us later this hour. we'll talk to him about that and tonight's rockets/lakers tilt. we'll be right back. ♪ ♪ ♪ ♪ what do you look for when i want free access to research. yep, td ameritrade's got that. free access to every platform. mhm, yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. now offering zero commissions on online trades. we charge you less so you have more to invest. ♪ >>> welcome back airlines are soaring on back of morgan stanley's initiation. the firm believes airlines with high domestic leisure exposure with strong loyalty will see demand come back first it expects the see airline travel back at pre-covid levels as early as 2021 joining us

tilman joinings us you're generally hardened by what you have been seeing.ou have another hurricane coming to the gulf coast >> you know, business is picking up tyler, all over the country finally, we're going to get new york at the end of this month that we're all looking so forward to but, we could have just like your last report, this could be a very rocky winner. what i'm excited about is if we can get through the winter and start seeing everything improving, companies including restaurants and hospitality and casinos, we have all learned to operation differently. i'm trying to be positive and we'll getthrough this flu season and everything will be okay and we have some time of a vaccine or we're going to continue to know how to treat this disease better. we're definitely treating people better 22 could be a spectacular year i've never been one the always look out 15 months but that's what we have to do today if we can get companies back, i think these companies will have 10% better profits than they were going to have before this pandemic even started.

are growing billionaire tilman will tell us how he is preparing. what he's telling his teams for what could be a cold winter for the economy. "power lunch" starts right now >>> day after the huge sell off, stocks have turned higher this afternoon as they try to avoid a fifth straight day of losses the s&p and nasdaq are at session highs right now. let's go to bob for more on these markets. bob. >> chop it around a little bit i listened to the powell-mnuchin testimony. i didn't see any narrative around fiscal or monetary policy stay at home stocks are back there's this narrative if we get more break outs in the u.s. like we got if europe, they will be ben faeficiarie beneficiaries. all these stay at home names are doing well amazon is having great day not so the banks second day in a row they are getting clobbered. some of the banks are down 7, 8, 9% in two days this is another serious down trend in the banks the big thing i'm worried about is valuations. we can't figure out what tech stocks are worth look at apple. it opened yesterday at 103 it ope

. >>> coronavirus pandemic may have created a more cautious consumer billionaire tilman will tell us what that means for his business "power lunch" starts rite now. >>> wall street starting to trade like a tech stock hitting a record as it gets set to launch its competitor and gears up for a deal to by tiktok zoom up after 40%. invest rs continue to pile into these momentum names more on the markets and high it's hard out there, send it over to bob. yesterday he sort of threw in the town he said there's no precedent to how high valuations can go with low rates and unlimited q/e. john also wu drew his price target these are veterans having a hard time to figure out how to put unlimbed fed support recessions would happen when the fed withdrew the support what does it mean? one of the thing s the bare arguments don't have much traction now the fed will keep stimulating and the global economy is slowly pivoting higher and the earnings are too conservative this happened in the second quarter and they are saying it again. for 2020, we're dealing with about $130 for the estimate for the s&p

they live with law enforcement every day. >> i'm ryan tilman first.y kids know me as daddy, my wife knows me as husband, my family knows him as brother. it could have easily been me. >> it is time for me and everyone to try and understand each other. >> only way that we can pretty much change this whole situation is for us to change the way that they deal with us through legislation. >> our thanks to matt. earlier tonight i spoke to los angeles county sheriff, alex villanueva who's feeling the pain of those deputies who were shot and looking for answer, along with asking tough questions. sheriff, thanks so much for joining us. it can't be easy watching two of your own targeted the way they were last saturday. what can you tell us about the condition of both deputies as of tonight? >> well, one of the deputies, the male deputy, has been released from intensive care unit. he's actually supposed to be released from the hospital, and that would be continuing his recovery and probably going to have additional surgery on his arm, unfortunately. the female r

tilman has told us several times las vegas can't come back until the convention business comes back how one has a plan to get the groups back. >> offered by the same biomets rick company th -- biometric company that helps. you would get a rapid covid test on arooifrival that comes back 2 minutes and temperature checks clear was successfully implemented in the national hockey league's bubble in canada of course, tilman is not the only one preaching the important of group business. las vegas sands says its strip business cannot recover until groups come back think about chicago, orlando and other convention oriented cities they have the same worry it's an uphill climb states are still restricting the size of groups right now in nevada, 50 people the infection trends nationally aren't good. the nfl announced an outbreak for the tennessee titans eight people positive. in person club activity shut down same for the minnesota vikings who the titans just played and casino stocks reacting poorly today. mgm down 4%. draft kings turned negative. these are all companies that depend on one, sports

people were slaughtered while 2 thirds of all of europe's jews were wiped out holocaust experts monks tilman believes the u.s. education system is failing students. the reality is the american americans generally american youth or young people in particular are ignorant about history and they get too much of their information from social media and that's social media is full of holocaust deniers claiming it never happened saying the jews caused it and that's a general problem that exists with social media but generally it starts in the fact they just do not know history they take perfunctory history classes in high school do you know the average history teacher is called not called him mr history or history person or so he's called coach because most history teachers in the united states have to coach a team and that's their primary responsibility is to coach basketball soccer whatever it might be and secondary they teach history and that's the reality of history in the united states it's a national problem because it's impossible for people in my opinion to make political choices if they do

. >>> that does it for the exchange coming up on "power lunch," it's tilman tuesday his business had pandemic i bet he's still ticked off. he'll explain why he doesn't think the rebound will last. power lunch is up after this quick break. when we started carvana, they told us that selling cars 100% online wouldn't work. but we went to work. building an experience that lets you shop over 17,000 cars from home. creating a coast to coast network to deliver your car as soon as tomorrow. recruiting an army of customer advocates to make your experience incredible. and putting you in control of the whole thing with powerful technology. that's why we've become the nation's fastest growing retailer. because our customers love it. see for yourself, at carvana.com. >>> welcome, everybody to "power lunch. glad you could join us the bulls getting ready to kick off the month of september they have already done that as you see by the green numbers there. nasdaq, s&p hitting an all time high after record breaking august led by the tech giants. >>>

we'll tespeak to tilman about that stay with us that's what my dad does. good job, michael!s what your mommy does... my mom has super powers. it's like she can see the future. what?! it's like she time travels in a rocket ship. that's cool! and then she comes back saying "try this" or "try that." she helps everyone. she helps them feel less worried. wow! mommy, so what is it that you do? i'm a financial advisor. she is! aig proudly supports all the professionals taking care of our financial futures. >>> good afternoon every one second day in a row with the nasdaq leading the way the dow and s&p are less from 5% record highs as we are less than 24 hours from another fed decision happening right now, apple's virtual produc

a bullish call the onlyist behind the call will join us live billionaire tilman is starting the see brightve not heard this yet he's going to tell us what's changed and where. ♪ ♪ 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. >>> good afternoon welcome to "power lunch. we begin with market sell off on wall street again. glad to have you with us here on this day after labor day it's day three of what has been a tech led sell off. the dow down about 350points but it's the nasdaq that is leading the declines it's down better than 2% earlier today down three it's been a sharp and steep drop for nasdaq now down about 9% from its record high set just about a week or so ago plus, one of the hardest hit stocks, tesla down another 18% general motors addin