on board the royal caribbean cruise was adelaide lawyer gavin dello his wife lisa and her 15 year old daughter zoe hosking. a really looking forward to on camera showing the creature of blue who's already going through should be. the boss trial new zealand. also on the ovation of the seas with sydney family the lang fitz mom and dad christine an anthony and their. children j.c. and when. there were lots of families taking i suppose an early christmas or a lead into their christmas holidays and paid a lot of money they planned for at which they can leave from work their mindset is i can let them look after me. one of the highlights offered to passengers was a day trip to visit volcano. they were provided with a bright show but was branded with royal caribbean branding they would have been provided with a ticket also branded with royal caribbean branding and they were told in the brochure that all they needed to do if they're attending this show was to wear in chorus shoes. the brochure promised tourists could get close to the drama gas masks help you get new boring steam vents bubbling

on board the royal caribbean cruise was adelaide lawyer gavin dello his wife lisa and her 15 year old daughter zoe hosking. a really long toward took care of a preacher all the above regarding sure it should be. a boss trial airline usually on. also on the ovation of the seas was sydney family the langford's mom and dad christine an anthony and. teenage children jacey and when. there were lots of families taking i suppose an early christmas or a lead into their christmas holidays and paid a lot of money they planned for which they can leave from work their mindset is i can let them look after me. one of the highlights offered to passengers was a day trip to visit volcano. they were provided with a bright show but was branded with royal caribbean branding they would have been provided with a ticket also branded with royal caribbean branding and they were told in the brochure that all they needed to do if they're attending this show was to wear enclosures. the brochure promised tourists could get close to the drama gas masks help you get new boring steam vents bubbling pits of mud hot v

on board the royal caribbean cruise was adelaide lawyer gavin dello his wife lisa and her 15 year old daughter zoe hosking. a really long toward tour. of a preacher all global and regarding sure it should be. a boss trial airline new zealand. also on the ovation of the seas was sydney family the lang fitz mom and dad. christine and anthony and they attain age children jacey and when. there were lots of families taking i suppose an early christmas or a lead into their christmas holidays and paid a lot of money they planned for their sake and maybe from work their mindset is i can let them look after me. one of the highlights offered to passengers was a day trip to visit volcano. they were provided with a bright show but was branded with royal caribbean branding they would have been provided with a ticket also branded with royal caribbean branding and they were told in the brochure that all they needed to do if they're attending this show was to wear inquiries shoes. the brochure promised tourists could get close to the drama gas masks help you get new boring steam vents bubbling pits o

onboard the royal caribbean cruise was adelaide lawyer gavin della. his wife lisa and her 15 year old daughter zoe hosking. a really long toward tour. ritual global warming we're going through should be. also on the ovation of the seas with sidney family the langford's mom and dad christine and anthony and their teenage children jesse and when. there were lots of families taking i suppose an early christmas or a lead into their christmas holidays and paid a lot of money they planned for their sake and maybe from work their mindset is i can let them look after me. one of the highlights offered to passengers was a day trip to visit volcano. they were provided with a brochure but it was branded with royal caribbean branding they would have been provided with a ticket also branded with royal caribbean branding and they were told in the brochure that all they needed to do if they're attending this show was to wear in chorus shoes. the brochure promised tourists could get close to the drama said gas masks help you get me wrong steam vents bubbling pits of m

on board the royal caribbean cruise was adelaide lawyer gavin dello his wife lisa and her 15 year old daughter zoe hosking . a really long toward took care of a preacher all the above regarding sure it should be. a boss trial airline usually on. also on the ovation of the city's was sydney family the langford's mom and dad. christine an anthony and their teenage children jesse and were not. there were lots of families taking i suppose an early christmas or a lead into their christmas holidays and paid a lot of money they planned for their sake and maybe from where their mindset is i can let them look after me. one of the highlights offered to passengers was a day trip to visit thailand volcano. they were provided with a brochure that was branded with royal caribbean branding they would have been provided with a ticket also branded with royal caribbean branding and they were told in the brochure that all they needed to do if they're attending this show was to wear encourage shoes. the brochure promised tourists could get close to the drama gas masks help you get new boring steam vents

the royal caribbean cruise was adelaide lawyer gavin bello his wife lisa and her 15 year old daughter zoe hosking. a really long toward tour. ritual global and we're going through should be. also on the ovation of the series was sydney family the langford's mom and dad christine and anthony and they attain age children jacey and when. there were lots of families taking i suppose an early christmas or a lead into their christmas holidays and they have paid a lot of money they've planned for which they can leave from work their mindset is i can let them look after me. one of the highlights offered to passengers was a day trip to visit volcano. they were provided with a brochure but it was branded with royal caribbean branding they would have been provided with a ticket also branded with royal caribbean branding and they were told in the brochure that all they needed to do if they're attending this show was to wear in chorus shoes. the brochure promised tourists could get close to the drama said gas masks help you get me wrong steam vince bubbling pits of mud hot volcanic streams and the

on board the royal caribbean cruise was adelaide lawyer gavin dello his wife lisa and her 15 year old daughter zoe hosking. a really long toward tour. of a preacher all the whose lives were going for it should be. the boss trial airline new zealand. also on the ovation of the city's was sydney family the langford's mom and dad christine an anthony and their . teenage children jacey and when. there were lots of families taking i suppose an early christmas or a lead into their christmas holidays and paid a lot of money they planned for at which they can leave from work the mindset. i can let them look after me. one of the highlights offered to passengers was a day trip to visit volcano. they were provided with a bright show but it was branded with royal caribbean branding they would have been provided with a ticket also branded with rovera caribbean branding and they were told in the brochure that all they needed to do if they're attending this show was to wear in chorus shoes. the brochure promised tourists could get close to the drama gas masks help you get me wrong steam vents bubbli

they out-and-out lied to me. >> reporter: for the big three cruise lines, carnival, royal caribbean and norwegian, the date to relaunch their fleets remains uncertain. disney is also a part of the cruise industry. its ships remain idle as well. >> the cruise industry has not seen anything like this before, not from a financial perspective, and not from any other kind of perspective. >> reporter: how often do you go on cruises? >> once a year for the last how long? >> 20, 25 years. >> reporter: so you love cruisin'. >> love cruises. >> love cruising. >> no question. >> reporter: when fred and marleen left new york back in late february there weren't too many cases of covid-19 in america, although the cruise line prohibited people who'd recently been in heavily-infected countries like china. >> we called celebrity, and they said the cruise is going, and by the way, you're not getting any money back if you don't go, and it wasn't cheap. >> if there had been a warning from the u.s. >> don't go. >> we wouldn't have gone. >> reporter: they flew to south america to set sail on a two-week adven

we have great brands like cvs, royal caribbean, and true bargains. when the markets recovered, some sectors stayed really, really cheap, media, we love companies like viacom and madison square garden network. those stocks are still really cheap. financial services companies, some you know well. some companies like lazard or kkr. there are some sectors that are totally neglected even as the markets recovered. david: let's talk about the economy. the united states economy was in a recession that ended june, 2009. so now for about 10 years we have been in a growth cycle, and it is one of the longest in our country's history. but therefore, there has not been a lot of depressed stock prices for this period of time. so are you hoping at some point there is a recession so we can get lower stock prices and buy more things at value prices? john: we like to buy bargains, we like seeing sectors that are cheap, but we do not want to see a recession. all of the turmoil that happens, the impact on our society and our citizens. recessions are not great for america

we've got some great brands like cvs, royal caribbean, and true bargains. when the markets recovered, some sectors stayed really, really cheap, media, we love companies like viacom and madison square garden network. those stocks are still really cheap. financial services companies, some that you know well, companies like lazard or kkr. there are some sectors that are totally neglected even as the markets recovered. david: let's talk about the economy. the united states economy was in a recession that ended in june, 2009. and so now, for about 10 years, we've been in a growth cycle, and it's one of the longest in our country's history. but therefore, there hasn't been a lot of depressed stock prices for this period of time. so are you hoping at some point there's a recession so we can get lower stock prices and buy more things at value prices? john: we like to buy bargains, we like seeing sectors that are cheap, but we don't want to see a recession. you know, all the turmoil that happens, the impact on our society and our citizens, you know, recessions aren'

john: i think, over time, one of our best companies we have ever bought was royal caribbean. we were able to buy that at the height of the financial crisis when everyone thought that people would never cruise again, and that stock has gone up close to 15 times itself from the bottom. we still think it is an extraordinary bargain here today. a favorite of ours today, we find, we think, as i said earlier, some of the media stocks are really, really cheap. we are optimistic that the madison square garden network will do really, really well when the knicks finally come back and start to win championships again. it's going to be great for new york city and great for that stock. david: let's talk about how you got started. you grew up in chicago. both of your parents were fairly prominent people, as i understand it. your father was in the tuskegee air corps. what is the tuskegee air corps, for those who may not know? john: that was the group of fighter pilots that were part of world war ii, the first group of african-american fighter pilots that had a chance to really participate f

speaking of stocks, shares of reopened stocks are also surging on this news, royal caribbean, carnival and united are all sharply higher a vaccine a ways off and will take a long time to distribute changes the game for everybody, it is the news, maybe the only news the light at the end of the tunnel is getting a little closer >> the green carries over to europe on the vaccine hopes. growing riffs between united states and china over the hong kong news as well. that is where we begin health data and other news with frank holland. >> good morning to you, last night, president trump ordered an end to hong kong special status to punish china for what he calls oppressive action against the uk >> hong kong will be treated the same as mainland china, no special treatment and no export of sensitive technologies. >> china is firing back saying it will impose sanctions on u.s. individuals and entities in response and retaliation >>> back here at home, a grim milestone, almost onein five new cases of the virus reporting around the world are coming from three u.s. states. texas, florida and califo

look at royal caribbean. check out the stock year-to-date, you can see in march the price plummeted because of the pandemic. same thing with norwegian. those two, caribbean and norwegian have a healthy safe panel to insure you can cruise the safest way possible. they have mike leavitt, and scott gottlieb, the former commissioner of the fda. they say it is not just about the coronavirus but overall prevention of disease. they are exploring things like ultraviolet light for purposes of santaization and meal services and how dining can be made safer. the industry is saying not so fast about being worried. cruising is the safest way to travel. listen to this. >> cruise is a safest hospitality venue. it is the safest option. it is safer than getting into an uber. it is safer than staying in a hotel. it is safer than getting on a airplane. reporter: that is a voice in the industry. think of a place like key west, a major cruise launchpad, voting limiting cruises that set sail there in 2021. we're talking about next

see seema mody, frank holland, kate rogers shares of royal caribbean, norwegian cruise lines, carnival all up double digits seema, it is welcome news for an industry that continues to burn cash as the ships are in port. >> yeah, that's exactly right, tyler. today's price action reflects just how dependent cruise lines are on a vaccine in the meantime, they are working on all these new protocols they hope to introduce once they potentially get back to sea this fall social distancing on board, masks, temperature controls reducing the occupancy they operate at, which we discussed about royal caribbean about a month ago, but they're not going to make much money with all these new protocols, that's why they're depending on this vaccine not only coming to market but being widely available to the masses. yes, it's great to see these cruise lines up double digits, but you need to have this vaccine available to everyone, specifically the individuals above the age of 70 that have preexisting conditions that may not be comfortable getting on board. >> what are you hearing about bookings late into

carnival's news also dragging down norwegian cruise line and royal caribbean, as you can see, royal caribbean down almost 5%. norwegian down more than 5%. >>> well, movie theater giants amc, cinemark, regal suing new jersey governor phil murphy for keeping their businesses closed while allowing churches and other places of public assembly to reopen. the lawsuit calls distinction between the businesses and houses of worship allowed to reopen and those that are not arbitrary, irrational and unconstitutional, allowing violations of the theaters' right to free speech, equal protection and due process. the theater chains have submitted their safety protocols to the governor and are ready to implement them but they have been given no reopening timeline from the state. taking a look at those stocks, 3.5% loss on amc, cinemark down more than 2.5%. >>> the u.s. is warning that it may take aggressive action against chinese-owned social media platform tik tok. as well as other apps from china, over national security concerns. that as tik tok makes a major announcement on its operations in hong kong. let

even bigger for royal caribbean, up 20%. carnival bringing up the rear at 14.7%. >>> a mere whiff of a vaccine has been a godsend to investors who stuck it out with the airlines. it's been a rough ride here. but it's sailing high right now. we have american, delta and united seeing decent gains here. ual is up 14.5%. american up 14.8%. delta moving higher by 9.25%. fwle let's flip it to the hotels. marriott international, wynn, hyatt, so many names under these umbrellas. marriott runs the ritz-carlton. marriott up 8%. wynn up 8.7%. hyatt up 8.8%. >>> let me check winning names that had been real winners during the stay-at-home economy as travel and leisure goes up, we have the stay-at-home names going down. blue apron is unchanged at the moment but zoom is losing about 1.6%. not too bad there. peloton is flat on the session. wayfair, fiver international basically connects businesses with freelance tech experts, so when you were stuck at home saying i can't figure this out, these people show up. they are pulling back. we have

on a three-year basis royal caribbean versus a microsoft, that's ridiculous. >> carter, thanks. tim seymour, that sounds pretty dire >> well, once i figured out what gnome chatunomenclature means, y got kpietd abouexcited about it it's very difficult to see tech breaking this outperform relative to growth on a p.e. basis and an absolute basis. i think we'll see value come back a lot of these industrial name versus sonames have some room to grow > >>> coming up, sheila bair send us your burning trading questions. feeling stressed? try new nature's bounty stress comfort. three unique gummies for your unique needs. find peace. boost mood. sleep well. stress comfort comes naturally, only from nature's bounty comes naturally, simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. >>> welcome back to "fast money. former fed chairs sharing their views on the g

norwegian and royal caribbean cruise lines have created a joint task force to develop safety standards during this pandemic. they put together a health and safety panel including the head of the fda. that panel will help cruise lines develop and restart plans that will be submitted to the cdc in august. costco is cutting back on the hours for senior shopping. back in march, cosco began allowing senior citizens into the store early before everybody else. starting next week, it will only be offered one hour before opening twice a week on tuesdays and thursdays. those a senior costco members are not allowed to bring in guest and you have to wear a face mask. >>> we are keeping a close eye on netflix stock this morning after the company stock reached an all-time high of nearly $500 a share. the streaming service has already seen a 50% increase this year. investors were once worried that netflix would be hurt by disney plus and forced to lower prices, but both services have thrived since the pandemic. there is a possible coronavirus outbreak in the california assembly. coming up next, what

crews operators carnival, norwegian and royal caribbean were each down more than 2% yesterday. some airlines like united and american also fell yesterday. >>> fedex is asking the washington redskins to change its name. the company's ceo is a minority owner of the team. and it has the namings rights to washington's football stadium through 2025. other advertisers like nike and pepsi have recently faced pressure to cut ties with the team. in the past, redskins' owner dan snyder has been strongly against a name change. watch report. for more, head to cbsmoneywatch.com. i'm naomi ruchim. >>> new this morning, rapper vanilla ice is canceling his performance on july 4th. he broke the news thursday after pushback from residents and fans concerned about rising coronavirus cases in texas. and jay-z canceled the annual labor day concert in philadelphia. and rescheduled it for next year. the rapper's company says it's due to parallel pandemics. the coronavirus as well as racism and police brutality. >>> if you are looking for fourth of july entertainment in the comfort of your home, well

it's going to rename itself royal caribbean group. the company explaining the name is simple, fresher and more modern. it's also more descriptive. cynics could say anything that reminds people of cruises these days isn't exactly a draw even though that's by and large what they do. they have resorts and all of that, but this is their way of simple simplifying things. even though cruising is put off until fall or later, royal caribbean group is now. >>> charlie gasparino, he doesn't have to relabel himself as sort of the best business jernlist is journalist in the world. he's been following political developments concerning the biden camp, very very close to vice presidential pick, running mate, and a lot of the talk seems to be centered on california senator and former presidential candidate kamala harris. what are you hearing? some are concerned, right? charlie: you know, i often get when i do these stories, obviously we do them for fox business and fox news, they're like why is a guy from fox business reporting about the democrats, w

. >>> after the break, the ceos of royal caribbean and norwegian cruise lines together. we'll be back in two minutes in a highly capable lexus suv at the golden opportunity sales event. lease the 2020 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer. >>> for four months amid ongoing discussions with the cdc, rivals royal caribbean and norwegian cruise line are teaming up to form a panel of experts they hope will get them get back to sea this fall. will it work i'm joined by the ceos of both cruise operator, royal caribbean's ceo richard fain and norwegian's frank del rio. good to have you on cnbc today richard, i'll start with you help us understand, what's the objective of this panel, and why now lean on the expertise of these health experts, when cruises have been grounded since mid march? >> well, thank you seema, good to be here we're quite excited about this panel. we've actually been working on it for quite a while, almost two months now, to assemble a team of experts that could really help us develop the very best protocols to ensure

the previous order was set to expire at the end of next week carnival down, royal caribbean down and norwegian up fractionally >> mortgage rates have dropped to historic lows lending tree shares are up brian, back to you >> i saw yesterday on cnbc.com, a great website. there are mortgages you can now get 30-year mortgages for 2.98%. what do you think about that >> amazing i actually purchased a home a few years ago and i thought those rates were the lowest. i have a bit of buyer's remorse but i'll refinance >> you and i are going to go auto/50 on a yacht kidding. >>> we'll be back with two restaurantors and the state of reclosing south carolina and texas. real world stories stay tuned >> announcer: today's big number, $40 billion. that's how much warren buffett's stake in apple has gained since the bottom of the market in march. the iphone maker now makes up 40% of the equity portfolio. you're good to go. i have to take care of my coworkers. that's how i am. i have a son, and he said, "one day i'm gonna be like you, i'm gonna help people." you're good to go, ma'am. i hope so. this is

norwegian, royal caribbean and carnival have been operating with low or no income. >>> american airlines and jetblue are teaming up to sell seats on each other's flights. this kind of alliance is common with international carriers that have limits on where they can fly. less common with domestic airline rivals. major airlines report their second quarter earnings next week expected to be historically bad quarter for airlines. executives have been blunt about job cuts coming. there are 61,000 workers being furloughed. lawmakers return to washington next week to start negotiations on another stimulus package. house speaker nancy pelosi said she's confident they can pass another bill. >>> businesses big and small are facing a long road to recovery. almost one in three u.s. workers have filed for unemployment since this pandemic began and soon millions will face more tightening as parts of the country re-enter lockdowns and the extra $600 per week in jobless benefits expire. jpmorgan chase says the $600 boost to consumer spending adding a bit of stimulus, but to many small businesses time and

caribbean, norwegian cruise line and carnival has fallen. those names down about 2% to 3%. they had a good start to the week, a bad second half of the week for the cruise stock. let's get to sue herera for an update >> hi, sue >> good afternoon to everyone this hour. ruth bader ginsberg revealing that she began kechemotherapy fr a recurrence of cancer, this time in her liver, but she has no plans to retire she said the chemo is yielding positive results and she's been able to work at what she says is full steam >>> ceos are calling for businesses to step up and mandate face coverings to end long-term did he haevastation consequences >>> dc football team owner sees no place for sexual misconduct made against several former team executives >>> you are up to date i will see you in an hour. wilf, back to you. >> sue, thank you for that see you later on "closing bell." >>> we're just a few weeks away from the start of the school year and new supplies are topping the back-to-school lists. ylan is here for that. hey, ylan. >> check out the supplies

you look at that year to date chart of royal caribbean, you can see exactly where the pandemic was in march, when it hit, because that stock price just tanked and it's the same thing with norwegian, neil. we will have to watch the cruise lines carefully but the industry is certainly saying they are doing everything they can to make it safer. neil: they just want to get back in business. jackie, thank you very very much. you know, there's an interesting development at the white house where they are partnering up with some very big tech players to essentially remind folks, you know, a four-year degree isn't the be-all and end-all. charles payne has been following that. charles, that's something you have echoed for quite a few years now. sometimes this cookie cutter approach we have misses some important skill sets, huh? charles: absolutely, neil. it's actually resonated a lot more in the last several years as people have piled up enormous amount of student debt, $300,000, $400,000, $500,000 worth, having many wondering was it worth it. one of the attendees at this meeting will be the fo

royal caribbean is jumping 7 1/4% after it has bought the remaining one third in ultra lux cruise line sill ser seas that it -- silver seas that it didn't already own. a japanese electronics firm is investing in a u.s. game make we are a chinese investor. -- game maker with a chinese investor. sony pouring into fortnite creator epic game, 1.4% stake in epic, who owns epic? ten cent, china's ten cent is the biggest epic investor back in 2012, ten cent bought it at -- bought a 48% stake. ten cent may be down, but it's $70.18, it is just below its all-time high. we have breaking news coming out of silicon valley. amazon ceo bezos ordering all employees to remove tik-tok from any device that has access to company e-mails. amazon is citing security risks for this ordered removal. tik-tok quickly responding saying it doesn't understand the company's concern. this comes as the trump administration has said it is considering banning chinese social media apps including the very popular video platform. if you've got teenagers, who have been quarantining at home, i guarantee you they have been on

norwegian and royal caribbean have created 828 task force to develop safety standard during covid-19. they've put together a panel that includes the head of the fda. the panel will help cruise lines come up with restart plans that will be submitted to the cdc in august. >>> cosco is cutting back on senior shopping hours. cosco starting allowing seniors in the store early before everyone else in march. next week they will be offering one hour before opening, twice a week on tuesdays and thursdays . those senior cosco members are not allowed to bring any guests and face masks are required. >>> we are keeping a close eye on netflix after the company stuck reached an all-time high near $500 a share. streaming service has already seen its stock rise 50 % this year. investors were once worried that netbooks would be hurt by disney plus and forced to lower prices but both disney plus and netflix have survived and thrived during the pandemic. >>> a possible coronavirus outbreak in a california assembly. a major step being taken to stop the virus from spreading. >>> you don't have to be drivin

we've got norwegian and royal caribbean, and they're saying i think want to put a new -- they want to put a new task force together to make cruise travel safer. they're actually saying that it's safer than a lot of the other things that families can do right now with respect to their vacation time. listen to this sound bite first, and then we'll talk about it. >> cruise is the safest hospitality venue. it is the safest option. it is safer than getting into an uber, it is safer than staying in a hotel, it is safer than getting -- >> reporter: and they're saying it's not just about the coronavirus, but it's about pandemics that could potentially come down the line as well. they're looking at things like using ultraviolet rays, for example, to sanitize the facilities and the cause ship, and they're also looking at ways to better prepare meals. maybe those male r meals are save -- maybe those meals are is served individually. a lot to look forward to in the cruise industry. they're saying it's safe. there are definitely skeptics out there. melissa: yeah. yep, and i'm one of them. but, hey

as for some other shocks moving on this morning we have royal caribbean not moving so much today but of course the cruise operator is down in a huge way this year, absolutely hit by the virus, stalled, chips not in the water and not surprisingly their revenues stem 75%, a matter of looking forward. as for verizon, a very strong quarter and beat the top and bottom line estimates, very strong relative to what the expectations were, especially some other metrics as well in terms of upgrades, those were flat relative to the second quarter where they were down. fios internet growth ads were better than expected as well and that stock is popping quite nicely. and finally, the big mover on the morning from the tech space intel, absolutely plunging at one point on pace for its worst day since 2002. this of course in the third quarter guide that their one chip they're not going to be producing now and may not actually produce their chips at all and see competitor a&d soaring on that interesting report from intel, fran. francine: abigail doolittle with some of the reporting earlier on. now let

royal caribbean, up 21%. want to talk to you about three dow stocks in the news, goldman sachs blowout quarter. recent chaos in the market and all the volatility boosted trading activity. investors are concerned that success can't be repeated in the second half of the year so while goldman did close up by more than one% it closed off its highs of the session. the worst performer of the dow is united health. it warned of higher costs in the second half of the year. that overshadowed net income that actually doubled last quarter versus last year. it is ironic united health saved money because fewer people went to the doctor, fewer people had surgeries because of the pandemic. that demand is returning to near normal levels. united health is down. apple, major winner. the european union second highest court overturned a 2016 ruling that apple pay $15 billion in back taxes to ireland. the court said there wasn't enough evidence to prove the irish government gave apple a sweetheart tax deal. apple is a winner. clos

we're going to hear from ceos of royal caribbean and princess, next, on "the exchange." ...only about 80% of your part b medicare costs. a medicare supplement insurance plan may help cover some of the rest. learn how an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call today to request yours. so what makes an aarp medicare supplement plan unique? these are the only medicare supplement plans endorsed by aarp because they meet aarp's high standards of quality and service. you're also getting the great features that any medicare supplement plan provides. you may choose any doctor that accepts medicare patients. you can even visit a specialist. with this type of plan there are no networks or referrals needed. also, a medicare supplement plan... ...goes with you when you travel anywhere in the u.s. call today for a free guide. >>> welcome back to "the exchange." take a look at what's going on across the markets we're close to the lows trending lower. the dow is down

royal caribbean up 18%. united airlines up 12%. any of these worth a shot even as a speck buy? >> i like the airlines and cruz lines right here. simple as that. charles: kathryn go to you, are we over our skis for vaccine. five or six months ago we were told to wait 18 months? >> good news is good news, charles. there is bad news is also good news. a couple days good, bad news coming out of miami. i'm in miami the epicenter of the universe for covid. locals are debating. desantis is getting thrown under the bus. bad news for the virus is good news for the markets. markets go higher. why? we're all banking on the fed. the fed will backstop the markets and the fed will introduce additional stimulus in the event that the virus threatens the economic recovery and the market acceleration. good news is also good news. my point momentum trade continues. s&p continues to go higher. charles: in cases were up 3%. average is 7%. we'll get data out of california. helped goosed markets higher. day before goosed markets lower. blue chip rally, we've been waiting for it. i'm not a big fan of

an exclusive with the ceos of norwegian and royal caribbean how those two cruise rivals are teaming up to improve industry safety that's at 10:00 a.m. eastern time don't miss that. >>> up next, the final trades. hey, our worker's comp insurance is expiring. should i just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? sure! get a quote in 3 minutes at easyaspie.com. that is easy. so, need another reminder? no, i'm good. reminder for what? oh. ho ho, yeah! need worker's comp insurance? get a quote in 3 minutes at easyaspie.com. >> welcome back. we have a date tim cook, jeff bezos and zuckerberg will appear before the house committee on july 27th this sector will be under scrutiny with the election coming up. will it weigh on stock prices until then >> no, you know, i don't think so you had the google headline a couple months ago. the stock looked past it the names seem impervious. >> let's pivot final trade. >> downg

royal caribbean and norwegian created a panel of health experts. they're finding ways to help them prevent covid-19 at sea by the end of august. uises al plan submitted to the cdc and all cruise companies will be able to look at it and adopt any changes. >>> sony has this new product on the market. a wearable air conditioner. the device is attached to a special shirt and extend down your back just below the neck. it promises to cool you off by more than 20 degrees by venting warm air away from your body and one of these pockets will cost you about 130 bucks. >>> and let's take a live look at the new york stock exchange right now as trading gets under way this morning. you can see we're down almost 200 points. >>> you can no longer buy washington redskins merchandise online from target. the retailer pulled all of the items as the team is undergoing a, quote, thorough review of the nickname which is offensive to a lot of people.ral sponsors of t asking them to end their relationship with the redskins if they don't change their name. washington is get

royal caribbean has announced that due to coronavirus travel restrictions by the canadian government, it has canceled all cruises that pass through canada through october. so, if you planned to take a cruise to canada in october, you're doing cruises wrong, i think? i'm not an expert, but today was national egg day, which comes before national chicken day. but wait, chicken day happened last year, which came after egg day, which came before -- damn it karen chee, everybody. when the news is dark, you can count on america's sweetheart, karen chee, to write you a joke about national egg day thank you, karen i miss seeing you. today was also -- excuse me, i'm on an egg day high today was also national tailors day, or sew it seams mike scollins, you can [ bleep ] right off. you know what? show me a picture of karen again. sew it seams hi, karen. and finally, researchers now believe that having sex with someone you are not quarantining with can increase your risk of getting the coronavirus, unless, of course, you're an essential worker mike scollins again. you won me back, buddy throw mike

carnival, royal caribbean and norwegian all taking a dip on the news today. >>> and lyft says it will send out about 60,000 vehicle partition shields to its most active drivers to protect against coronavirus transmission. the partitions will be available to less active lyft drivers for purchase at a cost of around $50. lyft says it saw an increase in ride share requests in june but still says trips are down 70% from last year because of the virus lockdown. >>> coming up next, talking tech with famed analyst dan ives. netflix, apple, tesla and the company that is out-disrupting one of the most famous dru disruptors. businesses are starting to bounce back. but what if you could do better than that? 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. the volatility. the ambi

cruise operators carnival and norwegian and royal caribbean were each down more than 2% yesterday. some airlines like united and american also fell yesterday. >>> fedex is asking the washington redskins to change its name. the company's ceo is a minority owner of the team and it has the naming rights to washington's football stadium through 2025. other advertisers like nike and pepsi recently faced pressure to cut ties with the team. in the past the owner dan snyder has been against the name change. >>> the state's employment development department is drowning in unemployment claims these days and that's forcing a lot of people in the bay area to go weeks without a check. our unemployment rate is 16.3%. 7million claims have been processed so far. and $37.5 billion in benefits have been paid out. that may sound like a lot, but state lawmakers say edd is failing to send out much-needed money. úapplied for benefits in may after being laid off and well now, she's dried up all the savings all while caring for her disabled son and 100-year- old mother and now she's afraid of losing her

. >>> norwegian and royal caribbean crews to develop safety standards during the pandemic and created a health and safety panel that's head of the fda to help crews lines come up with plans submitted in august to the cdc as of right now the major crews lines that operate here in the united states have halted cruises till at least mid september. >> thank you, pam. >>> time is 7:50 and as sal comes back, have you fixed everything out there on the roads, you've been busy this morning. >> well, i'm trying to. i've been kind of busy this morning. we've had traffic that has been slow many many areas and i do want to show you that the east shore freeway approach is going to be just a bit slow coming out toward this area and when you get to the bay bridge, there is some slow traffic that went out of order here and pop up the bay bridge and there it is, you can see traffic is going to be a bit slow. we can also look at nearby 880 where that traffic is also going to be crowded but not stop and go. northbound 680 at the parkway and right there driving and say from the area, you'll be hit with a

i know it's not interesting to a royal caribbean, but it's really good >> i would say if we make a list of areas, what would it be >> i just think that what's going on in 5g and what's going on in towers and what's going on with t-mobile it's just so exciting and the spend is so big and it has to be because we want to regain, of course, the crown of 5g and we can do it because we have a lot of companies. that's why invidia doing data center and we'll hear something about 5g tomorrow with texas instruments. it's a great secular growth trend that is being overlooked because of covid and i really think that people should be rethinking their whole approach from covid and not just rolling the dice and buying astrazeneca or nova vax and be diversified into something other than airlines, cruise ships. >> that has been your mantra, jim. be more creative is what you have been telling people to do. >> i love norwegian cruise and i was going to take a february 22 cruise with my wife, but, you know what. this is in the hands of the cdc and the president wants cruise and the president wants everythi

caribbean, carnival, they were all cruise stocks norwegian, american airlines and united airlines that was rounding up the top five on days like today, is not being in the market, not being overweight stocks, is it a bet against ingenuity of some of these pharmaceutical companies rushing at light speed to bring a vaccine? >> i think it would be but i don't think you should be able to market and time it because we don't know when the vaccine will come i would suggest i think sebastien is correct with small caps, a day like today if you're looking beyond the fact the time period we held the vaccine, cyclicality in small caps is where you're going to get a lot of return. i think that's what you see with moderna news coming out and some investors mostly trading as if the vaccine was already here the problem is that almost all stocks are expensive right now so it's like where are you going to balance your portfolio between being invested now and having positive returns along with the rise in the market. we do, we own small cap but you want cyclical names in the portfolio when we get a vacci

. >> royal caribbean and norwegian is forming a panel in order to recommend health protocols for cruising why aren't you part of that panel? >> royal and ncl panel is two companies. every company in the industry is doing things we've been engaged with epidemiologists, medical experts and scientists throughout this period obviously, we've been engaged with a number in europe to prepare the protocols that have been presented to allow us to begin sailing in germany and we have a number of scientists around the world including here in the u.s. we've been working with. in fact, we're going to produce for the world travel and tourism council a science summit on covid-19 july 28th so you can go to a site, i believe it is covidsciencesummit.com and register we'll have world leading scientistses including a nobel la laureate and others that give the best understanding of covid-19 in general. this is not about ravel. this is not about cruise it's about really understanding covid-19, how to manage it best with everything we know today. dealing with transmission, dealing with therapies and dealing wi

they say royal caribbean only has about 14 months, carnival 15, but they are their favorite of mine, norweigian. those who are speculating on a quick return may be looking at a genuine buzz saw. >> any chance you and i could get lucky, we took a norweigian cruise and ent up being the only people on it, sort of like we have the boat to ourselves, ship, whatever they call them? >> my daughter flew from madrid on a gigantic airbus and there were only three other people on the plane. >> really? >> yeah. how do you like that >> you can walk around. >> she said it was a private plane from iberian air. >> we have an opening bell a lot more to cover, speaking of airlines we will get to those delta numbers, we're back in two minutes. this selenite grey is so pretty isn't it? wow. jim could you pop the hood for us? there she is. -turbocharged, right? yes it is. jim, could you uh kick the tires? oh yes. can you change the color inside the car? oh sure. how about blue? that's more cyan but. jump in the back seat, jim. act like my kids. how much longer? -exactly how they sound. it's got massaging

. >> royal caribbean, memo to richard fien, the day traders took you up gigantically yesterday. do your work, call your banker jam it >> jim, you know, boeing is the dow laggard this morning you've got warn notices out of american now, united is at work on it, we have a code share between american and jetblue for the new york area and that's all leading to worries about overcapacity delta will keep the middle seat up beyond september, not giving an end date to that. the disney downgrade today saying there is a meaningful chance that the parks could be forced to close again. florida and california housing their two parks account for a third of the new case growth so all of this sort of funnels into the same space. >> vaccine you need a vaccine >> got to have one no choice. >> we will take a break here, guys, i think i'm hearing music. we will talk about twitter of course and the impact on that company and facebook and then as jim said, the ceo of the maker of lysol in a market that is definitely coming in their direction. down is down 150 you're first. first to respond. first to

caribbean because people feel, do you know what, sail away, come sail away, we've got a vaccine. >> right and i guess for today the banks are actually seeing a broader-based rally. yesterday not the case despite what were stronger than expected numbers from jpmorgan and arguably citi. not wells fargo. again, today the earnings are from goldman sachs, they were a blowout. stock is has backed off from what it looked like in terms of the increase you can see there kind of part of the pack at this point in terms of a almost a 4% increase. maybe it comes back to this, the provision for credit losses was $1.59 billion for the second quarter that compares to $214 million for a year ago they are now at $4.39 billion in total allowance for credit losses, provisions related to wholesale loans and they say to a lesser extent consumer loans reflecting revisions to forecast in the deterioration of the broader economic environment. >> i thought they're being conservative. >> you do? >> yes, i do it doesn't matter because in this environment as soon as you see any loan loss that jumps out people t

royal caribbean and norwegian cruise lines are developing safety standards for restarting their businesses during the coronavirus pandemic. those are your headlines from the newsroom, maria. back over to you. maria: all right. cheryl, thank you so much. guiding nissan through the global pandemic is next, the japanese car maker reportedly securing $7.8 billion from creditors shoring up cash flow as it seeks to recover from falling sales. the company working alongside its partners, renault and mitsubishi, to implement this nissan next revival plan. after seeing its first loss in 11 years and moving past the arrest of former ceo carlos ghosn. joining me now is the chief operating officer of nissan, ashwani gupta. ashwani, thank you for joining me this morning. we appreciate your time. what's your plans to turn around nissan? >> maria, thank you for having me on the show. nissan next is a radical transformation plan which is based on prioritization and focus and that will bring sustainable growth in the future. what does it mean, it means we're going to focus on our number one core markets, nu

caribbean, at 4849, the cruise operator has announced a stock deal to buy the remaining one third stake in cruises for 245 million, interesting time to buy another cruise line. whatever. i want to get the latest if we cannot tick tock, the popular social media apps from china, growing criticism for alleged ties to beijing, what that could mean, susan, the company trying to distance itself from china, how. susan: in considering several changes including placing its headquarters outside of china in changing tiktok corporate structure and the wall street reporting senior executives are discussing options including a new management. it just hired kevin meyer in the new ceo who is still in los angeles, tiktok has not established a new city for its headquarters just yet, singapore, dublin, london being considered, the changes are likely motivated by president trump in the white house who this week said they are considering a ban of the social media app in the u.s., tiktok one of the most downloaded apps in the planet, downloaded 315 million times in the first three months of this year which b

lauren: well, we're talking about royal caribbean as well as norwegian cruise lines. they have hired dr. scott gottlieb, the former fda commissioner, as well as the former hhs secretary which is the former utah governor. so basically, what this panel of experts is going to do is figure out how you can create a bubble, if you will, around the cruise line industry. how people can sail again without there being a coronavirus. i don't know how you do that. but the cdc no sail order on the cruise lines is set to expire july 24th. it will likely be extended, but in the meantime, the cruise lines have to come up with safe protocols, and this panel of experts will help to do that. ashley: creating confidence is not going to be easy. all right, lauren, thank you very much. lauren: yeah. ashley: as the washington redskins consider a controversial name change, three minority owners reportedly looking to sell their shares now. the team's been using that name since 1933, but is now the right time for change? we'll get into that. >>> also baseball is back. teams kicking off summer