. >>> and nikola shares, we'll talk to trevor milton ahead. >>> plus an earnings alert an lennar we'll break down the numbers straight ahead but we start off tonight with a massive reversal on wall street today. the dow falling more than 700 points at its lows after closing up more than half a percent as the fed laid out plans to buy up individual corporate bonds this as the emergence of new coronavirus hot spots around the country add to fears of a second wave so why, guy adami, are markets seemingly so immune to these concerns is that actually a good sign for this rally >> no, it's not. but before i have to -- i would be remiss, melissa, if i didn't wish the b.k., the bitcoin baller a happy belated birthday. his birthday was yesterday do you know whose birthday is tomorrow i won't keep you in suspense adam smith would have been 297 years old tomorrow why do i mention him i had to read that book "the wealth of nations" in college. you probably read it as well he was the father of free market capitalism well, what you saw today was the exact antithesis of that and i'm going to get adde

that worked well for the lot of people. >> and of course we had trevor milton, the founder of nicolast money earlier this week, tim i don't know what you make of the company itself >> the model is different than tesla on some level, and obviously the fuel cells are a different approach the fact that they are outsourcing their production, the fact that they are teaming up in commercial right away, so not apples and oranges, but a different approach, and different innovation and it's very exciting, what do you pay for it, not this, you know, not what the stock is valued at now. >>> bad news for the banks, markets are betting on major dividend cuts. should you ring the register on these names? we'll have the report in the trade straight ahead, but first, the megarally taking a pause today. one top strategist said tc out below, more downside is coming we've got them next. or the everyday drive. today, that philosophy extends to how we connect with you. we call it, audi at your door. whether a remote test drive, shopping, trade-in, or even service pickup, audi at your door can do this and

i guess it is important to add that trevor milton, when i spoke to him this morning, pushed back againstt saying he never deceived anyone. that he did say at that time and in interviews the following day that it was a working, operational vehicle. emily: right, so how does he explain some of these inconsistencies then? this is a company that has taken off in part because of how this truck was debuted. it is considered a potential real competitor or has been considered a real potential competitor to tesla. ed: he says on the fuel-cell, there was no fuel-cell in that prototype. but he also says he never said there was a fuel-cell within it. there was a last-minute pivot several weeks before the event where they moved from a natural gas system to a hydrogen fuel cell system. he says he never actually stated there was a fuel-cell inside the prototype unit he says the components i mentioned which we believe were missing were removed on purpose for safety reasons. the other said he said was at the time of the event was they had tested it and he recently told us that it had been tested. when i

stuart: that's an intriguing prospect, trevor milton. m very glad you're a fan of the show, and we wait with interest to see your product on the market. trevor millson -- >> thank yous so much. stuart: thanks very much. check that market, we've come back a bit, i'm afraid. we were up over 800 points, now we're up just over 500. that's a 2% gain after a whopping, great big drop yesterday. i want to talk about disney. lauren, come into this, please. what's the problem with disneyland in? what's the problem with their reopening plan? lauren: well, let me read from the petition that wants them to delay their july 17th opening, 20 plus thousand people have signed this. reopening before the second wave even hits us is irresponsible and greedy. well, at least nine counties in california having reported an increase in infections, disney has been closed for three months, but this is california, stuart. walt disney world in florida, they're opening before disney, and i haven't seen a petition for them to delay that opening yet. stuart: i don't expe

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this is out there as a public company with the name and the symbol and the executive chairman trevor milton will be our guest next r right now. and right now, is a time for action. so, for a second time we're giving members a credit on their auto insurance. because it's the right thing to do. we're also giving payment relief options to eligible members so they can take care of things like groceries before they worry about their insurance or credit card bills. right now is the time to take care of what matters most. like we've done together, so many times before. discover all the ways we're helping members at usaa.com/coronavirus warns the worst is not over yet and he has a chart to prove it more "squawk on the street" coming up. woman: my reputation was trashed online. i felt completely helpless. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my

trevor milton is on twitter constantly and he likes to make big promises sound familiar >> he's seenook. tesla is tesla's stock is the playbook for anybody. >>> and coming up, the benefits of staying home and we'll check in with a company that is disrupting the doctor's office and video game stocks. millions have nothing else to do except play video games. can they hold the gains as summer soars when the world gets complicated, a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. and tailored recommendations. that could mean an increase byin 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. 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 thi

joining me is the founder and executive chairman, trevor milton. thank you for joining us.n all of this at the company, great ipo. whawhen are you planning this public roll-out. >> we have five months before everyone gets to see the badger. we do have prototypes. you can't build a truck in less than a year or two. i can't go into detail about what's going on right now. over the next four to five months we'll be leaking out the entire process, bringing everyone in behind the scenes in a way they've never seen it before. and we unveiled the badger coolest pickup truck in the world in about four and-a-half months. maria: very cool. take us through some of the ground-breaking technology that you're using on these vehicles. >> yeah, so the badger's really unique because it's the only electric pickup truck that comes in both a battery electric version and hydrogen fuel cell version. for a lot of people they don't need a fuel cell. they want to go 300 miles within the city and the battery electric works really well. if you're like a construction owner or you want to go far, you wa

. >>> and nikola shares, we'll talk to trevor milton ahead. >>> plus an earnings alert an lennar we'llt off tonight with a massive reversal on wall street today. the dow falling more than 700 points at its lows after clong

. >>> don't mess trevor milton the founder of nikola on "fast money" monday night at 5 p.m.ow they chose the name nikola. nikola tesla they were trolling tesla when they chose the name. >>> when we come back we have breaking data on import prices expecting a bod reunfrom the drop in april. stay tuned, you are watching "squawk box" right here on cnbc. ♪ y-yeah ♪ ♪ yeah ♪ hey, hey while also capturing the possibilities. even something like co2. chevron has spent over $1 billion on carbon capture projects. and is investing in start-up companies working to transform carbon into new forms of energy... ...to help address climate change. our retirement plan with voya gives us confidence... ...we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. i'm good at my condo. well planned, well invested, well protected. voya. be confident to and through retirement. >>> welcome back to "squawk box. breaking news. friday last trading day of the week after a wild thursday. may import prices expected to be up .6 of 1% are

maria: trevor milton joining us from nikola. >> thanks so much, appreciate it it. maria: stay with us. maria: welcome back, earning extra cash, the coronavirus lockdown sparking layoffs and furloughs across the country, some americans are turning to side gig for quick money, instacart on hiring spree. 250,000 people signing up to become shoppers in month of april. dagen mcdowell, what would be your topside gigs today and unfortunately with 40 million people out of -- out of work right now some people side gigs might actually become their main gig right now? dagen: right, you can walk at any grocery store, any whole foods here in new york city, one example, and see kind of the broad range of individuals who are in the stores collecting orders for online shoppers. they are across every spectrum, age, race, you name them. the distressing thing, many people are doing this just out of desperation here. today we will get the job's report for last month obviously. in april 28% who is a good indicator. people want more hours and can't get them. one out of four americans in