the assistant manager, dave richardson, says he cannot recall a conversation with tony brian. would have advised anyone to cover it up or not to speak out. he said he did act very quickly when other parents raised their concerns and said he did not go to the police at the time because those parents did not want him to take it any further and it's important to point out that in this country there is no legal responsibility to report suspected abuse. there is in other countries but not in this country. mr richardson said he could not comment any further and did not think it was appropriate while the football association carry out an enquiry into historical abuse which is still ongoing. i have been talking to tony brian and he gave his reaction to the decision by leicester and aston villa to pay damages. i don't think it will ever draw a line underneath it, victoria. what happened to me 30—odd years ago will stay with me until i die. it helps, don't get me wrong, but it was never about money, it was about an acceptance of what happened to us all them years ago. i still think they

later, perhaps a year 01’ even more show that came much later, perhaps a year or even more after tony brianack the club. at least two of the five victims in this most recent case say they were abused after mr brian claims he came forward to raise the alarm and that is why the dates can be important. absolutely. what do the people involved say about it? graham taylor who was manager of the —— at the time died in 2017 very suddenly and the assistant manager, dave richardson, says he cannot recall a conversation with tony brian and denied he would have advised anyone to cover it up or not to speak out. he said he did act very quickly when other parents raised concerns and said he did not go to the police at the time because those parents did not want him to take it any further it's important to point out that in this country there was no legal responsibility to report suspected abuse. that is in other countries but not in this country but that mr richardson said he could not comment any further and did not think it was appropriate while the football association carried out an enquiry into hist

tony. >> thanks, brian i want to do a look back on the zoom trade we laid out on "options action" a few weeksgo. a bullish earnings play. because of the high implied volatility we were using a call diagonal here to play a bullish view going into earnings i was buying the march 105 calls for about $8 and selling the february 28th weekly options, 107 calls for $2.15. here we spent about $5 parking lot 85 risking 6% of the underlying stock price for the bullish view into earnings the goal was to allow the february 28th weakly options to expire worthless that's that's what we saw. on february 28th zoom was below the 107 level. and we were able to let those call expire worthless and sent out a tweet the following monday to turn the long 105 call into a vertical by selling the march 130 calls against it we collected roughly 4.50 on that call option which brought our net trade on this particular trade down to just $1.5. our whole richg oh risk on this trade was only 1% of the underlying stock price zoom reported earnings yesterday and blew it out of the water 15 cents on earnings versus the 7 cents

. >> the other side of the coin from the negativity is brian belski who is bmo's chief investment strategy also with us tony, you stay with us brian, i look at the headline for you is that you are sticking to your s&p target of 3400 i don't know how the heck you can possibly be sticking with that today >> well, thanks for that rounding intro of support. i would say this i'm just a simple kid from minnesota. if the final number is 4, how are we going to get to 4 is it one plus three two plus two negative four plus eight i still think we're getting to four what are you talking about i think stocks are higher a year from today i think stocks are higher at the end of the year. why? i think, again, and i disagree with mr. liesman if you're not changing the market and your call doesn't mean that you're not watching and assessing what's going on? no here's how you assess what's going on with the facts, okay now a recession and structural changes in the market, let alone bottoms, do not happen in one day. anyone calling a bottom in a day, i think it takes a process. whoever you were speaking with scott last night a

and the democrats it is the consensus position you know tony i mentioned in my introduction 2016 and i remember very clearly and i think even brian was on a program that we discussed this donald trump came out and really kind of shook up the works by questioning foreign policy orthodoxies me why are we doing this why are we spending so much money on it when we get for it ok now i have to say as a conservative i'm not a member of the republican party but as a conservative i have i am disappointed because i wanted to see more i wanted to see the war in afghanistan come to an end and we need to get out of iraq we're not wanted there anymore and you have the majority of some polling that the majority of veterans. it wasn't worth it now i know that the deep state the permanent state the permanent bureaucracy is constantly pushing back against the president but at the same time he is the commander in chief and i think there's a part of the electorate there that kind of feels the way i do is that we wanted more from this president when it came to foreign policy issues go ahead tony. yeah i thought it was very interesting in 2016 when th

brian. here after that, we have "options action" coming up with mike and tony and the gang. so sit tight "options action" up next ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ welcome back to cnbc's continued coverage of "markets in turmoil," but we're still doing "ongs "options action. we know it is more important and timely than ever because options could be a great way to mitigate risk and buy upside if you think we're going to turn around and really pleased to welcome in a gang and we have mike ko, tony zhang and ann carter on a day when the dow fell, and it's still well down on the year. the ten-year note at 0.7% and oil continues its slide as the global price war rages on. carter worth, i want to begin with you technically, this market, i mean, i can't even comprehend the kinds of charts that you might be looking at right now given these massive swing, but is there anything out there that suggests to you that a bottom could be close have we hit it already and if not, where it might be >> absolutely. >> for what it's worth, mr. minerd said, i believe it is not over and maybe discuss after that so wh

i'm brian sullivan joined by carter worth mike khouw out west. appear bonwin and tony zhang we are seeing things unfathomable a couple days ago what could could be next. >> tonight we follow an old adage to know where you're going look where you've been to quote the great kenny rogers know when to hold and know when to fold them consider the trade on the tlt. >> what we have seen this stock -- tlt moved about 40% from the december 2018 lows. and this is happening consistently a couple of times over the last decade every time that's happened, we have seen either a consolidation or a pullback after that 40% move and if we zoom in a little looking at a 1-year chart, the tlt is up 15% year to date and currently reading fairly overbought if you look at momentum indicators such as rsi. >> well so now due to seismic shifts in everything that trade has not gone our way which is why we always preach appropriate position sizing as it is known. first off do something a bit different. we want to talk about the lessons maybe we learned this week and what we see carter what act -- a

i'm brian sullivan joined by carter worth mike khouw out west. appear bonwin and tonye seeing things unfathomable a couple days ago what could could be next. >> tonight we follow an old adage to know where you're going look where you've been to quote the great kenny rogers know when to hold and know when to fold them consider the t

brian. >> we'll take a short break here after that, "options action" is coming up with mike, tony and the gang sit tight. "options action" up next ♪ ♪ ♪ (vo) quickbooks salutes the grit and determination of those who work for themselves. they're the backbone of our economy. and in these challenging times, they're adapting to support their communities. but many need our help. if you're a small business in need, or want to help a local business, go to quickbooks.com/smallbusinesshelp intuit quickbooks. to hel"coronavirus" intod your xfinity voice remote say to access important information and special reports from around the world. and to keep your kids learning at home, say "education" to discover learning collections for all ages from our partners at common sense media, curiosity stream, history vault, reading corner and many others. for more information on how you can stay connected, visit xfinity.com/prepare. ♪ ♪ ♪ ♪ ♪ >>> all right. welcome back to cnbc's continued coverage of markets in turmoil we're still doing "options action" tonight. got to throw that in all you options traders lov

brian sullivan. welcome to another special edition of "options action." with us are carter werth and tony zank and mike khouw is joining us from san francisco. a lot of people addressing concerns from clients big and strong, institutional, individual, hedge funds, you name it. for you at home, there's a lot of valuable, maybe hopefully some calming insight to be gleaned from the conversations because maybe you have a lot of concerns as the big institutional clients. let's start there. mike khouw, i want to start with a particularly salient experience you had just this morning, maybe the lessons that can go to our viewers. >> yeah. you know, so we were talking, my colleagues and i, with an investor this morning and we spent about an hour on the phone. this is somebody who has been, you know, managing a portfolio of stocks principally and has lost faith in their ability to do that this week. actually was actually coming to us and saying, you know, can you just take this over for me i don't have any faith that i actually know what i'm doing anymore. we didn't actually have a good sense of wh

brian, thank you. joe biden picked up california congressman tony cardenas's support. he will help bring stability back to the country. welcome, sir. >> thank you, brooke, glad to be here. >> it has been quite the past 24 hours for joe biden. how significant do you think these last minute endorsements, buttigieg, klobuchar, o'rourke are in the minds of voters today? >> they're very important because they brought their own brand to the debates and to their own campaigns, and for them to continuously get behind one candidate joe biden, who is a unifier, and that's a perfect example of unification. joe biden can connect with the regular folk and also connect with the people who are actually up here trying to make good things happen for all americans. i think it's good momentum, and a perfect example of who joe biden is. he unifies people. >> listen to what senator elizabeth warren said about your candidate. >> no matter how many washington insiders tell you to support him, nominating fellow washington insider will not meet this moment. [ cheers and applause ] nominating a

brian. >>> we will take a short break here after that, we have "options action" coming up with mike and tony and the gang. so sit tight "options action" up next ♪ ♪ ♪ it's more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter what they're up to. it protects your info... ...and gives you 24/7 peace of mind... ...that if it's connected, it's protected. even that that pet-camera thingy. [ whines ] can your internet do that? xfinity xfi can because it's... ...simple, easy, awesome. [ barking ] ♪ ♪ ♪ ♪ ♪ >>> all right. welcome back to cnbc's continued coverage of "markets in turmoil," but we're still doing "options action. got to throw that in we know all you option s trader love the show. we know it is more important and timely than ever because options could be a great way to mitigate risk and buy upside if you think we're going to turn around and really pleased to welcome in a gang and we have mike khouw, tony zhang and ann carter on a day when the dow fell, and it's still up 13% this week, but cold comfort as we know, w

brian: did bernie do enough to stop biden's momentum. bring in radio show coast tonyn? >> well, clearly in the conversation early on about coronavirus, joe biden won because biden looked rational. bernie doesn't stop because is he a true believer. he wants socialized medicine and i want socialized society. joe biden's response was let's handle coronavirus and then we can talk about other things. by comparison, not by reality, but by comparison joe biden came across extremely effective and he did the one thing that i think nobody thought he could do, he got through sentences without stammering. he did not get himself involved in the word salad. he was actually while i don't agree with him on policy, he was very clear in his statement. yes he confused sars with coronavirus or it was ebola with coronavirus and then it was bernie who did sars with coronavirus. right? they got those things confused those are small things in the major scheme. but biden looked very, very competent compared to bernie's desire to have his true believer life come true and be socialized medicine