only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. >>> welcome back to "street signs. we have a number of headlines in the airline space. qantas will cut up to 2,500 jobs by outsourcing grounds operations bringing the company to nearly 30% of staff after projecting a nearly $7 billion revenue hit and projecting losses in 2021. delta airlines will furlough over 1,900 pilots in october the head of flight operations told employees the airline was overstaffed. adding that six months in, only 25% of the revenue has been recovered. a group of virgin atlantic creditors will vote on the $1.6 billion rescue package. should the vote fail to reach a majority, a judge could rule it is in the best interest of the creditors to go in >>> cost cutting measures fail to support the collapse in air travel the airline added that activity would not return to pre-virus levels until 2022. saying they are still struggling with inte

only with xfinity mobile. click or visit a store today. ♪ ♪ ♪ ♪ ♪ chart of the xle, the s&p 500 energy sector versus crude oil, and you can see they're fairly correlated they both plunge in march with  all equities, and they both recover, but energy, the commodity has continued to recover while energy stocks are not. you can see the divergence there. look at the second comparative chart. it's a four-year chart on any rolling three-month period going back to 1990. that's an incident rate of 0.16%. those stats, including three times in 30 some years on that i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪ that selling carsarvana, 100% online wouldn't work. but we went to work.ho b

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> we are on record watch the s&p 500 points to an all-time high and caps the incredible come back global oilout look for the rest of this year and 2021. bringing broadway to you we'll show you how this thursday, august 13 on "worldwide exchange" on cnbc >> good morning and welcome. good to see you on this thursday a quick check on your markets and money. watch for the s&p 500. we are just six points shy of a record high. futures are lower now. doesn't look like much of a follow through early and closing record high certainly would cap an incredible record setting come back of those march 20th lows. markets throughout the day on cnbc let's get you caught up to speed on corporate stories >> chinese online platform brought back ke holdings set to raise $2.1 billion the largest u.s. ipo by a chinese company. jcpenney landlords nearing a deal to buy the r

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> welcome back some people call the netflix of china under pressure a u.s. probe and online retailer getting a bump those are your top stocks to watch. contessa is back with those. >> shares of iqiyi falling after it was announced an investigation on the company a probe that accused the company of fraud and inflating its numbers. iqiyi says the company sharing records. baidu under pressure we are watching shares of applied materials topping forecasts. the company also providing fourth quarter outlooks. and farfetch shares smaller than expected loss for the second quarter. that good bad news revenue of nearly $365 million was well above the forecast. brian. >> contessa, thank you we'll see you in a few minutes coming up, we'll talk more about these markets. dow futures down 193 and our insider buying segment we have two names with big insider buying w

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> welcome back we want to take focus on the yuan we have seen the offshore yuan strengthening for the first time since january 22 we are probably adding a little bit of context to that probably down to the fact that we didn't see a disruptive weekend meeting over the trade deal and ultimately, that's given beijing a little breathing space here as it continues to try to fulfill its obligation to meet the promised purchases made under that trade deal. perhaps that reason is the little spike in the yuan given how strong we've seen chinese equity markets you look at the board and get an indication weaker to the trading session for the day. the markets have shown up a lot of momentum with the recent months with the shanghai composite. that gives you a sense of where gains have been seen specifically on the china ex index. senate republicans have begun cir

only with xfinity mobile. now that's simple, easy, awesome.ty mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. ♪ muck if. jack: market volatility put robo advisers to the test this year, and so far they've passed. an exclusive barron's ranking shows which performed best. deputy ed editor alex yule. so these automated portfolios came of age during a decade-long bull market. so the market crash this spring was really the first time they'd gone through the wringer, and they merged looking pretty good. >> yeah. i think we all wondered how they would do, and i've got to say i think we now know the answer. they performed well. the average robo portfolio that we looked at was tracked by a group we work with, it was down just 2.9% in the first six months of the year. that's both a mix of stocks and bonds. 2.9 -- -2.9% is pretty good, plus a lot less volatility along the way. >> hey, alex, it's jack howe. just for the benefit of people who might not know what a ro

only with xfinity mobile. now that's simple, easy, awesome.tch to xfinity mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. ♪ ♪ ♪ ♪ ♪ >>> welcome back to "options action." if you thought the earnings train was slowing down, think again. what of the next attractions are uber shares remain in positive territory, but instead of hitting the gas on the results crossing the wire, mike says the stock might be gearing up for a breakdown. here's his call to action. mike, take it away >> yeah, so this is an interesting situation. probably somewhat unsurprisingly the options market's implying a move of about 9%, but as you pointed out the stock is still higher on the year this is pretty extraordinary when you consider everything going on and talk about the shutdown's impacts on a lot of businesses, but that assumes that the company didn't have other issues that it was facing ahead of this, which it certainly is big negative cash flow certainly being one of the issue

only with xfinity mobile.r visit a store today. >>> it is time now for the futures outlook. check out all of the major indices. in green kicks out the first trading day in august. the rally for today is being led by big tech. what else is new the nasdaq hitting a fresh record high. what else is new for more on the market news and how to treat it, let's bring in jim iuorio, and today you're looking at the broader market, the overall market >> i am, because those tough names represented the leadership and last week was a big, huge test for them and they seemed to have passed the test we got through erarnings and their still relatively strong. here's the trend this is available in both the e-minis and the micro futures. but 3280 was a spot to buy with a target of 3330 there is something else i found interesting, too the dollar has been collapsing, too, and that's helped everything dominating in dollars, particularly the stock market so when the dollar rallied today, i think mostly the stock market wants a weak do

only with xfinity mobile. now that's simple, easy, awesome.witch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> welcome backs to "fast money. we've got another earnings alert. shares of baidu trading on after hours lows. >> we have the google of china, i guess is the best way to say it shares down nearly 7% right now, almost 1.2 million shares of after marketvolume this is after reported profits of 14.73 yuen per share the ceo said in the release that their business is steadily rebounding as covid-19 becomes more manageable in china those are his words. it estimates revenue growth will come in anywhere from down around 6% to growth of 2% on a year-over-year basis adding that quote, the covid-19 situation in china is evolving and business visibility is very limited. also that the forecast reflects baidu's current and preliminary view which is subject to substantial uncertainty. the conference call is slated to take place later on this evening, 9:15 p.m. eastern

only with xfinity mobile. now that's simple, easy, awesome.nity mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. ♪ emily: leading the rally, pushing the nasdaq 100 to a record. apple hitting an all-time high. microsoft trying to salvage a deal to buy the u.s. operations of the chinese social media an chips -- social media

only with xfinity mobile. call, click or visit a store today. >>> we have an earnings alert on gap, the stock pulling back from its after hours session highs, still up 3%, though. >> it's all about online total net sales were down 18% year over year, but e-commerce sales nearly doubled old navy, the standout as usual, with more stand-alone stores net sales were down 5%, but online sales surged 136% they were able to better do that cu curbside pickup. comps rose 12% also getting a bump from online banana republic, that's the lagger consumers turning away from fashion and work wear and toward athleisure athleta saw net sales up 24% of sales between athleta and old navy were in that athleta gear area. the strength of the performance was due to being able to meet the market they nearly doubled e-commerce because they were able to pivot to this digitally led culture. she said back to school is going to be a lot longer than usual because of all of the different situations between some areas going back in person, som

only with xfinity mobile. now that's simple, easy, awesome.witch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. >>> welcome back american airlines threatening 19,000 job cuts if it doesn't get additional federal help. now white house chief of staff mark meadows saying they could take an action to avoid more layoffs. phil lebeau is here with the latest phil >> reporte >> put them up and you'll see they're 1.5% and 2% off today. that's because people are saying, what's going to happen october 1st? we know they're preparing for job cuts because the aid expires on october 1st let's be clear here. there are enough democrats, republicans as well as the trump administration they all agree there should be a new round of aid, so there is no contention there the question is how do you do it the white house is considering an executive order, but that might mean telling the treasury department make more money for the airlines to borrow that's not what people in the industry want. t

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. >>> we've got an earnings alert on toll brothers the stock is rallying in the after hours. >> reporter: no surprise a strong beat for toll brothers both on earnings share and revenue as the luxury home builder takes advantage of growing demand for larger, more high-tech homes with big outdoor spaces toll brothers ceo doug yearly said the strength has continued into august adding we attribute the surge in demand to a number of factors, including historically low interest rates and a continued undersupply of homes. he called this a resurgent housing market saying toll was well-positioned on location and price. we saw new home sales overall surge 36% in july. mortgage rates continue to hover near record lows that is helping light a fire under prices >> any comments from yearly about toll brothers city living? in recent years they made big pushes into new york c

only with xfinity mobile. click or visit a store today. >>> welcome back to "street signs. officials from the sec have urged president trump to delist companies from the chinese treasury that fail to comply with audit standards looking at ways to protect american investors from noncompliant chinese firms an official told officials the move is designed to level the playing field. president trump has unveiled a ban on u.s. transactions with bytedance and we chat owner tencent. trump said the two companies present significant threat to national security adding that the apps could allow beijing access to private data of american citizens. the move is to take effect in 45 days we have this report. >> reporter: u.s. president trump has issued aek tiff orders blocking transactions with bytedance and tencent which owns we chat starting in 45 days time both cite national security concerns and address the threat supposedly posed by these apps it is the scope that is unclear. we are waiting to see how they'll be defined

only with xfinity mobile. now that's simple, easy, awesome.h and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> officials in russia say they are now producing a coronavirus vaccine. the country will begin administering the vaccine to high-risk people at the same time at it conducts phase three safety trials. the country's health minister says the goal is to mass vaccinate russia citizens in october. russia has not provided any data on the effectiveness or safety of the vaccine. for more international headlines, let's check in with our reporters around the world. >> reporter: i'm jim bitterman in paris, one of two hot spots where local police officials are free to impose restrictions and lockdowns if they feel it's necessary to control the coronavirus. and now france is among several countries which find themselves at risk because of spikes in the coronavirus cases. brittain considers travelers from france, as well as the netherlands as presenting a risk to british

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. >>> welcome back wall street crowning a top apple today. raising the price target to a street high of $600 a share with a bull case of 700 apple is presenting a once in a decade opportunity betting on another iphone super cycle joining us now is dan, the man behind the call. great to speak with you. what has really changed in the apple stores since the reported earnings aside from 30 plus percent rise in the stock. there is a new 5 g phone later on this fall. >> thanks for having me. really tough it's a few things. first, our checks in terms of supply chain checks in asia show an uptick with demand going into iphone 12 and this is really the last three to four weeks and i combine it with what we're seeing in china, that's 60 to 70 million iphones in a window of an upgrade opportunity. i take a step back 350 million based on our math, 950 million iphones are

only with xfinity mobile. now that's simple, easy, awesome.save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> the white house announcing this morning the vice president mike pence to lead a coronavirus task force meeting this afternoon. a reminder the threat of this virus is still very real and it is running parallel if you will to the big debate with presidential campaign. you see a lot of green and beige on the map, that's good, steady and going down. 12 states heading up. orange and the red. 12 states reporting more cases right now compared to a week ago. 18 states holding steady, 20 states fewer cases including florida and arizona. states big drivers of the summer surge with an improving situation at the moment in those states. this is the lagging indicator, deaths, cases first and then deaths later. 18 states still reporting more deaths right now than a week ago. a lot of pain and sadness. 18 states up, 14 states holding steady, 18 states trending down. the cases

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. >>> welcome back electric vehicles are turning heads these days well, the stocks are, anyway, because they're making some pretty electric moves. tesla, of course, the biggest in market cap it's up more than 440% this year workhorse got a jump this summer, and nio, the chinese maker, up 40%. david wis ten, an analyst over at morning star. matt, i'll start with you. we've seen charts like this before how do they end? >> not good. it doesn't mean these aren't good companies sometimes the stock is well ahead of the fundamentals and gets well overbought, way overowned, way overloved, and that's what we're seeing in tesla. you look at the weekly rsi chart, it's a reading of over 85 today. that's very close to its all-time high and a 450% premium to its 200-week moving average the next closing one is only 250% premium this stock ha

only with xfinity mobile. or visit a store today. >>> we continue to track hurricane laura. one of the strongest storms to ever make landfall in the united states, and storm chasers are helping us to see just how powerful this storm truly was when it slammed into louisiana overnight. take a look at this video. we're going to show you this from storm chaser brandon clement. it's really amazing how easily it looks like that rv is just tossed over. brandon clement, that storm chaser who recorded this video and has been in the middle of it, he's joining me now by the phone. brandon, you sat out the storm in lake charles. you're headed south now. what are you seeing along the way? >> i'm seeing a lot. i'm seeing more intense damage. you can definitely tell the hurricane weakened as it came inland which, of course, is what they are supposed to do, but we we're seeing a difference in the winds as we work our way south, seeing a train that was completely derailed, long train, a bunch of different houses and businesses

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> in earnings news today, hello fresh has seen its second-quarter revenue more than double year on year to 972 million euros. as lockdown restrictions drove up demand for meal kit deliveries the berlin based company has raised its 2020 guidance revenues are expected to grow by as much as 95% on the year the ceo said he's seeing signs that customers are forming new habits around deliveries and home cooking curious to hear whether you've changed your habits. meantime, intercontinental hotels has reported a $233 million group loss for the first half of the year this after average revenue per room more than halved. the group is not proposing an interim dividend and said it is seeing very early signs of recovery >>> we're going to take you to softbank now there's been a presser that's been unfolding we've been seeing some interesting slides crossing. this

only with xfinity mobile. now that's simple, easy, awesome.witch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> welcome back in just the first seven months of this year, online spending is already pretty much surpassed all of 2019's total. we haven't even hit the holiday season yet that is according to new data out of the digital economy index a and. >> and good morning, thanks for having me. >> and great to have you for multiple reasons adobe because of your breadth, you have an excellent take on what is happening in commerce in general. and digital commerce specifically so let's start there as some areas of the country begin to reopen, some areas of the world begin to reopen, what kinds of trends are you seeing from this surge in online buying >> we saw right through the entire pandemic as people recognized that the only way to transact with customers was online, those who already had a commerce presence saw a frid tremendous uptick. and those who didn't put

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. >>> the book comes out on tuesday. and i am just going to tell you right now, this is not my normal thing. you are watching me on msnbc. i'm about to talk to someone from cnn and what we are going to be talking about is fox news. i do not do the cable news wars. this is not usually my thing. but i think this is important. and i have read the book, and i want you to know some of what is in it. as we head into the republican convention and this president trying to get re-elected, if you don't pay a lot of attention to fox news and particularly, if you don't know some of what's in brian stelter's new book, what you are missing is a little bit of stuff about this president that doesn't, otherwise, make sense to normal humans. i'm just going to jump in here and show you what i mean. quote. while the network gives the trump administration a huge boost, it also cre

only with xfinity mobile. now that's simple, easy, awesome. $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. we're learning more about the moments leading up to joe biden's speech just hours from now when he will accept the democratic party's nomination for president. he will be produced by davis guggenheim. here's a clip. >> and i watched him bring his heart to that job. it matters that you have, in your mind, the family that you're trying to reach, the neighborhood that you're trying to reach, the people whose lives are affected by what you do. >> arlette signs is "outfront" is wilmington, delaware, where biden is tonight. arlette, what can we expect? this is one of the most important speeches of joe biden's career, one he's been hoping for decades to make. >> joe biden first ran for president 33 years ago, and tonight he will finally accept that democratic presidential nomination. while the focus a lot earlier in the week had been focus on president trump, we don't expect joe b

plus, switch to xfinity mobile and for a limited time get $400 off an eligible samsung galaxy 5g phone click, call or visit a store today. 4:53. we have a "spare the air" alert and that will continue all the way through the weekend with our smoky and hazy skies. unhealthy air quality for the bay area, and we will talk about what you can expect and also give an update on the weather conditions for this wildfires that are burning. >>> thom brennaman was suspended indefinitely after saying this homophobic slur during a game last night. brenneman, a 34 year that in the business, did not realize he had a hot mic. he apologized later in the evening. >> i am very, very sorry and i begrgen nt uld ple could back. >>ty brn him mark canha wants to make a deposit. in make it 4-0, oakland a's. he charms the snakes with that slider. he strikes them out on the fifth. he did not allow a run. the oakland a's win 4-1 in phoenix. >>> the giants had a bed kick. he has a three run shot in the third inning. in the fourth, he has a two run shot. the trade deadline is less than two weeks out. you wonder if he

plus, switch to xfinity mobile and for a limited time get $400 off an eligible samsung galaxy 5g phone. click, call or visit a store today. >>> your voice, your vote.vote.. the first exclusive interest with joe biden and kamala harris tonight on abc news. >> we have the same values. and i really mean that. and so it was -- it was easy for me. >> what was the tipping point? >> the tipping point was, there were several things, but it just seemed to fit the closest and the best. i thought i understood and i think i understand where she comes from, what her instincts are, her character. >> other topics included how a potential biden administration would handle the pandemic and flu season, plus how senator harris is handling all the name-calling including from the president himself. abc news is the first network to land the joint interview with joe biden and senator kamala harris. watch the prime time special tonight at 8:00, right here on abc 7, should be pretty interesting and something to do as we hunker inside, lisa, because it's smoky out there. >> and hazy, that's for sure, liz. i can

only with xfinity mobile. call, click or visit a store today. >>> happening right now in a small town in south dakota, hundreds of motorcycle riders and enthusiasts are descending on the town of sturgis. expected to host around 250,000. this is unlike any other years. doctors are warning it has the potential to be a super spreader event. ryan, i'm glad of your mask on there. set the scene for us. >> reporter: we've been here for days. each day it seems like another thousand or so show up. they felt like they were cooped up, and this gives them the opportunity to get out and have a good time. when you look at all the plates. when you look at the bikes, you can see them from several different areas that are definitely experiencing large numbers of covid. georgia, florida, tennessee, utah, all these bikes come from all over the country. when you tack to bikers, they said they desperately wanted to be here. this was the one event that hadn't been canceled this is a beautiful part of the country. you look at the co

only with xfinity mobile. now that's simple, easy, awesome. switch to xfinity mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. >>> shares of "new york times" are down a bit despite a second quarter earnings beat. the newspaper giant added 669,000 total digital subscribers. ad risen dropped by double digits for the first time digital revenue overall outpaced print risen. here is mark thompson, the ceo and president of the "new york times. welcome and congratulations. you're stepping down in a couple months to be replaced by your c.o.o. congratulations on a good run at the times. >> thank you. >>> i know one of the things you wanted to do is push the times into the digital present or the digital future how would you say it's gone? now you're leaving with digital revenues greater than print revenues. >> it's a big watershed moment for the company. we don't think it's likely we'll go back from this moment the times is a physical paper. it's a great newspaper

only with xfinity mobile. now that's simple, easy, awesome.h to xfinity mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. tom: good morning, everyone. francine lacqua in london and i'm tom the in new york. my fixed income interview of the day, he is a blackrock, giving us a long-term perspective on the fixed income world, the fundamentals of the fixed-income world. scott, good morning. i want to go to the 10 year and the disinflation by its. when you see a -1.04% on the tenure tips, what does that indicate? scott: as a couple things. one is that the breakeven, the spread between the nominal rate and inflation bond has risen a lot and retraced 100% of the collapse in inflation expectations we saw, so to price are negative in yield, but the spread or expected inflation protection is around 1.5% up to about 1%. despite the real rate being negative, the breakeven inflation, and expected inflation, has risen to 1.5 percent, oil prices, economic recovery, activi

only with xfinity mobile. now that's simple, easy, awesome.your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. that it almost makes me feel like i'm not included here, that i shouldn't shop here. what you're telling me is that you guys are trying to create this "cool" vibe that has a certain look. salena: it's more about -- about creating a reputation. lemonis: this business doesn't have a good reputation. did you know that? salena: that's interesting. lemonis: the vendors don't like you, 'cause you don't pay your bills. woman: yeah. lemonis: and when you don't pay your bills, they don't ship you merchandise, and if you don't have merchandise, the customer comes in, and they have a different perception of what the place is versus what it used to be. there used to be a wider selection. there were things in stock. i want to have cool vendors, too. maybe we're partnering with some up-and-coming companies that would never get a shot to get into a big-box store. we're that company that gives the little

only with xfinity mobile. now that's simple, easy, awesome.witch to xfinity mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. >>> good evening and thanks for being with me. i'm alicia menendez. in a presidency that has been defined by chaos since the very start, this past week stands out. we saw the president cast doubt on the viability of the national election system and suggest the date of the election be moved. we also learned that we just lived through the most devastating three-month financial collapse on record. and that chaos is having an impact on americans. on friday, federal unemployment benefits dried up for 30 million americans, and the eviction moratorium expired. today on capitol hill chuck schumer and house speaker nancy pelosi held a three and a half hour mti

only with xfinity mobile. now that's simple, easy, awesome. xfinity mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. ♪ >> welcome to daybreak australia. to asia'snting down major market open. are your top stories. the u.s. and china planned new talks on the phase one trade deal. is short of the agreed targets.

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. lemonis: what's the real issue here? susana: this is very difficult to deal with. you know, with all these years working under this kind of stress, i mean, i... i don't know if you believe it or not, but it's really stressful to... lemonis: come on. come on. it's okay. susana: i'm not used to anybody being there. lemonis: but i'm here. susana: i know. i know. lemonis: that's why you called me. and i'm not gonna let anything bad happen to you. okay? susana: yeah. lemonis: this is the last hump in the road. so i'd like you to go inside, i'd like you to work with me, let's get some people in. you're giving a lot of women the opportunity to buy your product that maybe normally they couldn't afford to. susana: yeah. yeah. lemonis: think about it that way. susana: yeah. yeah. lemonis: i don't think susana is used to really being out front and having this be

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> more than 5 million people in this country have been infected by covid-19 and the death toll is fast approaching 170,000. here are the facts at this hour. texas, florida, georgia, tennessee, and california are reporting the most new cases, as california becomes the first state with more than 600,000 cases. this as at least 22 states report a drop in testing, reporting to the ap that americans continue to deal with delays in getting their test results. and boston is delaying the start of school until late september as teachers and principals in new york city are calling on officials to postpone in-person school reopenings. nbc news correspondent antonio hilton is in new york city at the department of education. anton antonia, thanks for being with us. there is real pushback now from the teachers. >> reporter: yes, andrea, that's exactly right. i've

only with xfinity mobile. now that's simple, easy, awesome.tch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. charlie: you can respectfully disagree. mary ellen: the boss is the person whose name is on the door. charlie: that, luckily, is my name as well. mary lou: [ laughs ] -chuck: i disagree. -lemonis: who's the boss? -chuck: me. -lemonis: okay. i want to, kind of, get to the point, okay? the business doesn't exist today other than a fantastic idea with a proof of concept. i'm intrigued by serving a market that i think is under-served. i want to do business with you guys. -mary lou: you do? -chuck: i'm listening. lemonis: my offer is $650,000 for 55% of the business. and, to be crystal clear, i'll be the boss... -charlie: i'm okay with that. lemonis:...not you... charlie: that's fine. lemonis: ...'cause i have no problem firing your ass. charlie: that's fine. go for it. i would love it all day. -lemonis: and i may even give your sister permission to fire your a

only with xfinity mobile. now that's simple, easy, awesome.tch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. that's a tough pill to swallow. and i think that what i bring to the table, in terms of this brand, is pretty substantial. lemonis: i won't do a deal unless i have 50%. ♪ do you think you should have more equity than alex? what i want to know is what the two of you are going to share with the other 50%. ♪ brad: you tell me what you think is fair, -and i'll rock with that. -alex: to be honest with you, i won't be a part of overtone as just an employee and not a partner, and i told you that. i'm not coming in saying we should be 25%/25%. but i know my work ethic. i'm willing to go 40%/10%. lemonis: you're giving him 40% up front? and you're taking 10%, and you're saying -you're going to work. -alex: watch me work. don't forget about the people who built the house with you. deal? a'ight. -let's do it. -brad: deal? lemonis: i have to respect the deal that the two of

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. >>> welcome back to "fast money. cannabis company cresco labs making money today for its investors after reporting record revenues for the quarter and the target price was raised at 8 capital. joining us now is cresco labs ceo charles becktell there's a lot of states that might come online with adult use cannabis here, but analysts are focused on the metrics they're focused on gross margins. there's some conversation you might be able to boost your gross margins by 50% in the next year is that achievable >> thanks for having me. good to be back. what we're doing is we're putting together a fundamentally sound business that's what the and hialysts responded to last night with the earnings call. we showed top line growth but also phenomenal bottom line improvements we showed growth in the right areas too. it was broad eight of our nine markets we had more than

only with xfinity mobile. call, click or visit a store today. >>> everyone's loving my tie game welcome back to "fast money. you might want to sit this next hand out morgan stanley making a big call on two gaming stocks, downgrading penn national and draft kings to equal weight. both stocks have more than doubled since the beginning of the year and investors' expectations may simply be too high jeff mills, what do you make of the call >> i've liked both of these stocks for a while penn was a final trade of mine if you look at the draftkings chart, it traded into this narrow wedge, both to up the side it's maintained that up trend. i think the fundamentals are still in place in a long-term story. these are powerful brands. i think you have a spending redirect going on with people not attending sporting events, so they're betting on them in stead. i think the legislative story is really the big one, thinking about california, texas, florida, new york having not legalized online sports betting yes. i think that c

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. >>> take a look at this tribute to black lives matter. the game was postponed as players walked off the field in a second day of player protests across a bunch of professional sports leagues. you've got the nba, the wnba leading the way, now reportedly planning to restart playoffs as leagues and teams talk about what happens next. the nfl and nfl players association saying we will continue to not only use our collective platform to call out racism and injustice whenever and wherever it occurs in our country, but also fight together to eradicate it. miguel almaguer is in los angeles with more on this. no word yet, officially, right, on plans from the nba for games this weekend? >> yeah, still in official word, but everyone does believe in the -- sources are indicating that tip-off will likely take place tonight, perhaps on saturday, but the playoffs will even

only with xfinity mobile. now that's simple, easy, awesome.tch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> shares of iqiyi tanking after the sec is looking to fraud allegation months after a published report accusing them of inflating revenue numbers iqiyi says wolf pack's report contains numerous errors joining us now is dan david. great to speak with you. >> good to speak with you. >> the allegations are pretty damning. you stated they inflated 2019 revenue by between 27-44%. they basically made up expenses to show fake free cash flow being burned off in order to hide the fraud is this a company that goes to zero or is this just a company that is making a small business look bigger? >> our research was a year in the making and hundreds of thousands of dollars prior to their ipo, we believe they were inflating their deferred revenue, which in this space becomes actual revenue doing that, they could never really catch up to the fraud they committed accordin

only with xfinity mobile. now that's simple, easy, awesome. mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. ♪ caroline: live from bloomberg headquarters this is "bloomberg markets: the close." i am caroline hyde. romaine: i am romaine bostick. taylor: i am taylor riggs. caroline: promising news on the vaccine front and u.s. lawmakers are making progress i second stimulus package. it is division of recovered testing. dr. fauci telling bloomberg that the u.s. needs to do better and deliver results within faster time periods. that the trump boasted u.s. response is the best ever. midtown goes to town. our workers ever returning to manhattan? we talk the future of office spaces with the ceo of the largest commercial real estate. romaine: let us check in on the markets. we talk

xfinity mobile. ♪ ♪ maria: welcome back.h cornerstone macro's cofounder nancy lazar. nancy, we had really crushing numbers this week from big tech. it seems, as rick reider told us earlier in the show, big tech is actually benefiting in this shutdown. the digital economy further penetrates in our lives. give us your take on technology's role in the growth story of the u.s. economy economy and how that might change things longer term. >> technology is so key to improving productivity. so rick was using some examples of saying ups or incorporating technology into their business. that makes their profit margins bigger. you can think of ups as kind of a dinosaur company, it's been around a long time, but so many companies are incorporating more and more technology from transportation to manufacturers, obviously, to retailers, to finance. right now technology and r&d are about 47% of total u.s. capital spending. and it has the single biggest impact of productivity. and productivity is kind of a boring term but, or boy, that is re

only with xfinity mobile. now that's simple, easy, awesome.h to xfinity mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. but what if you could stdo better than that?k. like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. alix: live from new york, i'm alix steel. this is "bloomberg markets." earnings results trickling in this morning. let's break down where we are with leigh drogen, estimize founder and ceo. so far, the busiest two weeks behind us, was your take so far on earnings season? leigh: coming in, i think the theme was largely the mix of consumer spending obviously having gone online versus off-line. fi -- andand shop a .hopifys and am

only with xfinity mobile. now that's simple, easy, awesome.tch to xfinity mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. jonathan: the trading week starts on a wednesday. from new york, good morning to you all. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's your price action, two hours away from the cash open. equity futures pushing higher, up 18. the adp report 45 minutes away. euro farmer, the dollar weaker -- euro firmer, the dollar weaker. gold nicely through 2k. broad-based dollar weakness. i cut up with david bloom of hsbc about an hour before this program. he says there is plenty of fight left in the greenback. tom: i think you are dead on. this conundrum of a certain weaker dollar, there is some serious thinking pushing back against the certitude of a weak dollar. jonathan: in the fx market, a weaker dollar, stronger everything else, with the exception of the japanese and. in the background, it has been really interesting to

plus, switch to xfinity mobile and for a limited time get $400 off an eligible samsung galaxy 5g phone. click, call or visit a store today. . >>> taking a live look at san francisco. we have been feeling it in the air for a while. now it's plain to see on the streets of san francisco. people are driving away from the city by the bay in droves. according to zillow inventory has soared by 96% year over year. moving vans a common sight with most of them heading out. emic hasrigger e leaving becaus jobs allow them to work remotely but others it's not voluntary. >> a lot of people don't want to leave but people are loosing their jobs. >> the reason is that a lot of things which -- drew us to san francisco, you want to be close to the opera, want to be close to the valley, all the small businesses, and it's basically nothing, nothing is there anymore. everything is closed. >> zillow said rent has fallen for the first time since it started tracking them in 2014. prrs dc d a meage for the post master general and they sent it to his home. they want him to step down. protestors believe he is dis

only with xfinity mobile. now that's simple, easy, awesome.finity mobile and save up to four hundred dollars a year on your wireless bill. plus, get two hundred dollars off when you buy an eligible phone. tom: this morning, do the math. french banks have been told by randomness or at least singular black swan of the pandemic. from bnp paribas to this morning, socgen, there are massive losses as "structured products become less structured." do the math again. 30 million are without unemployment checks. the president is determined to spend what we need to spend. select republicans, they agree to disagree with their president. oil back under 40. america this inflates. good morning, everyone. this is "bloomberg surveillance." from new york. francine lacqua in london as well. i find the french ranking -- banking story over the backdrop of french gdp and european gdp to be extort every. what a shock from societe generale. francine: there are two shots in the banking world, one being societe generale, and we sp

only with xfinity mobile. now that's simple, easy, awesome.witch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> 43 minutes of trading. stocks at record highs, a ferocious rally back from the march lows u.s. economy still remains sluggish with big parts of the economy struggling and millions unemployed the federal reserve just raising the alarm itself saying economic conditions would remain weak joining us now from the white house national economic council director larry kudlow here for a first cnbc interview welcome back, larry, good to see you. >> thanks, sara, appreciate it. >> so you got your v but it's in the market but not in the economy. why do you think that is >> i don't know. if you rundown all these, housing sentiment, starts, permits, manufacturing production, auto sales, consumer spending in general, retail sal sales, i think it's a very strong economy coming back and the fed will do what the fed is going to do. they have done a good job up to now

only with xfinity mobile. now that's simple, easy, awesome.witch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. it's a thirteen-hour flight, tfifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪ >>> welcome back to "options action." we've been tackling the explosion in options volume for a while now. as you all know, you can't talk about options without talking volatility especially when it comes to the year's best performing index that would be the nasdaq 100 up a whopping 27% there's a brand-new way now to track its volatility professor khouw is here with the call to

just keep your phone and switch to xfinity mobile. get it by ordering a free sim card online. once you activate, you only have to pay for the data you need, starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. 5g is now included with all new data options. switch and save hundreds. xfinity mobile. ♪ ♪ gerry: this week on capitol hill the leaders of america 's big tech companies were grilled by congress on their market power, competitive tactics and perceived bias. the ceos insisted, in fact, they weren't really that powerful at all but faced plenty of competition. >> the retail market we participate in is extraordinarily large and competitive. there's room in retail for multiple winners. gerry: tell that to investors who have placed a $1.5 trillion the value on amazon. just look at thursday's earnings from these companies. apple posted a blowout third quarter. amazon sales soared x facebook and google also beat expectations. so