Baseball is looking at an 80game season starting in july. Football arrives in september. Disney allowed, what, onethird capacity at its shanghai park and it sold out. While lockdowns continue, they are being challenged most notably by elon musk. Wasnt to op he wants to open his tesla plant in california. The Authorities Say no. Hes going to court and says he will move out of state if the factory stays closed. As for the market, that will open lower. Solid gains recently but a pullback so far this morning. The dow is looking at a loss of 270. The s p down about 30. The nasdaq off about 72 points. Lets get to politics. Big week for that. It is trump versus obama. General flynns lawyer says the plot to undermine the Incoming Trump administration was launched in the white house by outgoing president obama. President trump calls it obamagate. Theres a lot more coming on that one, believe me. Its monday morning, may 11th, already, and another big show for you. Varney company is about to begin. Stuart all right. Im going to start with apple. I happen to think when they reopen their stores, thats a very big deal. Susan li is with us to tell us which stores are opening and if im right or not about it being a big deal that they are Opening Stores in the first place. Susan big deal. Big business is reopening in america. It doesnt get much bigger than apple. Yes, we are reopening a handful of Stores Across america this week. The first one this morning in boise, idaho. Later on this week, they expect to open stores in alaska, South Carolina and alabama. More safety precautions to get into these stores. You have your temperature checked before you get in, you have to wear a mask. If you dont have a mask, apple will provide one for you. Of course, social distancing, so theres less capacity within the store but this is one of americas Biggest Companies ramping up again, reopening and something that apples number two executive told me exclusively last week. Listen. You know, our supply chains are running largely at capacity and people are continuing to work. I couldnt be prouder of the apple team and how resourceful theyve been. Youll see us opening Retail Stores in the coming weeks and like i said, we are bullish in the long haul. Susan the u. S. Has 271 apple Stores Across the country. They have been closed since midmarch. Stores have been opening around the world, country by country, slowly to make sure everythings safe but if a trillion dollar company, one of the largest in america, largest in the world, is ramping up to full production and reopening their stores to shoppers, thats a good sign that big business is ready to restart. Stuart susan, as you know, i lost my phone for a couple of hours last week. The first thing i thought of was can i go to an apple store to get a new one. No, i could not, because theres no stores open. It occurred to me i think there will be quite a rush to go back to those stores to get back to some of the things which we have needed the last couple months. Susan normal life is restarting and apple does sell more Products Online these days but a lot of people need to get their devices fixed and thats what they go to the store for as well as buying new phones and devices. Im sure we will probably see lineups once again. Stuart all right, susan. We are watching disney, of course. They reopened shanghai disneyland. Lauren, tell me, what did it look like with social distancing . Lauren well, there were markers on the floor with where you should stand. Everybody was wearing face masks. The character meetandgreets didnt exist. There were characters but you had to watch them from afar. There were temperature checks upon entry and you had to show your phone with the qr code that you can get in. But disney is calling this reopening a beacon of light that this can be done and they are doing it. Now, in the intro, you said 30 capacity. You are correct, thats what beijing wanted. But disney said we are being more cautious. They only let 20 of capacity in, or 16,000 people. Stuart at least they reopened at that capacity and they were full to that capacity. I guess thats the good news. Lauren they sold out in minutes. You are correct. There was a lot of excitement just to get life going again. This will be the blueprint for how other disney theme parks eventually reopen. Stuart yeah. All the safety precautions didnt damp down on the fun. People still went to enjoy themselves in large numbers. Thats important. All right. Ashley, come in, please. Moodys looking at areas which could be winners when they reopen. Not rural areas, either, is it . Ashley no. Its to do with population density, stu. Its interesting, these are the cities that could forge ahead with a quicker recovery once we try to get back to some semblance of normal. Lets take a look at these cities. Austin, texas and durham, North Carolina, both seen as strong contenders to come back quicker than the rest of the country, certainly some of the major urban areas. Madison, of course, the University Hub as is durham. Then of course you have the des moines, iowa, omaha, nebraska, they certainly have a spreadout population. But its interesting to see seattle up there, really where the first cases of the coronavirus were reported and san jose, there in northern california. Minneapolis as well, a fair sized city. These are the ones who have the levels of population density that moodys believes will enable them to see a quicker recovery than other parts of the country. Stuart thats important. All right. Ash, thanks very much indeed. I notice that seattle was on that list. I want to bring in keith fitz gerald. Hes a seattle area resident. Before we look at the market, please act as a reporter for us for a second. How many customers, did customers return in any numbers to those businesses in your area which have reopened . Well, i tell you what, stuart, theres a very plain english word to describe what my wife and my family and i have seen. Absolutely nuts. Its like you unleashed hundreds of thousands of people. These businesses by and large are still the ones that are allowed to be open, grocery stores, gas stations, service establishments, those kind of things. Restaurant businesses picking up for takeout. We have seen people all over the parks and recreation, it was fishing Opening Weekend this weekend. The lakes were packed. Yes, business is returning, people are absolutely exercising their right for the most part being safe. Its a good thing to see both physically and mentally. Stuart keith, i think its important indicator. You can open up a business but if nobody comes, you dont reliven up the economy. If you open up the business and people do come back, its a very positive sign for getting our economy going again. More on that throughout the show, thats a promise. Keith, look, dismal jobs numbers on friday. You saw it. Everybody saw it. 20 and a half million jobs lost, unemployment 14. 7 . Treasury secretary mnuchin says the numbers could get worse. Roll tape, please. The reported numbers are probably going to get worse before they get better. My numbers arent rosy. What ive said is you are going to have a very very bad Second Quarter and then i think you will see a bounceback from a low standpoint. Stuart all right. Thats the treasury secretary. Keith, how far can this market really go if we see numbers like that . Two things about secretary mnuchins comments. I think hes managing the optics. This is clearly a case of lets manage the statistics ahead of time because the numbers are going to be bad. However, if we look to history, what we show is that every chaotic moment, every massive downturn, every headline that pushes against us is, in fact, a huge opportunity. The chips are down in america. But i would not bet against this country and i would not bet against those numbers because people want to go back to work. They deserve to go back to work. Stuart keith fitz, thanks for joining us. Appreciate it. Good stuff. Now, we will talk shortly about three democrat senators, including Bernie Sanders, who are pushing a new stimulus package that includes 2,000 a month for every adult until the virus is passed. Or behind us, whenever that may be. Edward lawrence, tell me more about this. Reporter yeah, stu. Do a little math. 150 million americans are getting direct payments under the cares act currently. That means you are talking 300 billion a month. There is also extra payments in there for children, 4,000 for married couples. A little extra sweetener that will really push up the cost of all this. There is Division Even among the Democrat Party in the state where this is sort of generating from. Kamala harris, california senator, along with senator Bernie Sanders and ed markey, are going to introduce this in a bill this week. However, you have ro khanna from california saying go ahead and do that, 2,000 a month, everybody making under 120,000 a year. But representative john garamendi, a democrat from california, saying this is a bad idea. His argument is that you cant reward 85 of the people who already have a job. He says the 14. 7 unemployment is horrible and those should be dealt with in uninsurance or unemployment insurance, stu. So there is some division here within the democrats but again, a huge cost to this plan. Back to you. Stuart 50,000 bucks a year for everybody to stay home. I dont think so. Thank you, edward. By the way, in the 11 00 hour, you will hear my opinion again on this free money. The democrats want to give away 2,000 bucks a month. I will tell you now, that is not a good idea. You should not be paying 50,000 a year to stay home and not work. Thats my opinion. Stay tuned for 11 00. We will have it for you then. Check futures. Still down at the opening bell this morning. Off about 1 on the dow. Thats 250 points. Jetblues ceo is on our show in the 11 00 hour. Look, passenger levels across the airline business, down 90 . I will ask jetblues ceo how many years until we get back to where we were. Elon musk says hes had enough of california. The tesla ceo planning to move the companys hq after threatening to sue the state. Now, thats what i call a revolt. More on it, too. Michael flynns Attorney Says she believes former president obama was in on the plot to frame general flynn. Does this really go all the way to the top . Fox news legal analyst greg jarrett is here. Big day for politics and money. You know we are just getting started. Technologies advisor. Me too. Me too. And if youre a small business, were with you. Standing by you every step of the way. Bye bye. Stuart i have a few virus headlines involving our political leaders. I will start with Vice President pence. He is not planning to selfquarantine. It had been reported that he would after his spokesperson did test positive. Hes expected to be at a press briefing with the president in the rose garden this afternoon. That should be quite an event. Senator Lamar Alexander will selfquarantine. One of his Staff Members tested positive. By the way, he leads the Senate Health committee. Which Just Announced that dr. Anthony fauci will testify remotely on the virus response. That happens tomorrow. That hearing will also feature cdc director Robert Redfield and fda commissioner dr. Stephen hahn, both of whom are selfquarantining following potential exposure to the virus. And now this. The whole thing was orchestrated and set up within the fbi, clapper, brennan and in the Oval Office Meetings with president obama. Maria so you think this goes all the way up to the top, to president obama . Absolutely. Stuart all right. You heard it there. Michael flynns attorney, who says president obama was in on the plot to quote, frame general flynn. A judge could sign off on the dismissal of the case as soon as today. Fox news analyst greg jarrett is with us. Do you believe the case goes all the way up to president obama . Make the case. Oh, absolutely. In fact, i wrote that in my book witch hunt. There was a pivotal meeting, stu, on january 5th, 2017, weeks before the inauguration of President Trump, in the oval office. Trump or excuse me, obama, biden, james clapper, james comey, sally yates, john brennan, susan rice. It was in that meeting that the president , to the shock of the acting attorney general, brings up the Flynn Kislyak conversation that had been secretly recorded and was later leaked, which is a crime. It was only after that meeting that the fbi began to accelerate its investigation not just of donald trump but of Michael Flynn by inventing a pretext to entrap him into a crime he didnt commit. So it goes right to the oval office under president obama, and the other documents we saw show that obamas aides are conspiring with comeys fbi to create the pretext for entrapping flynn. Stuart now, there is now new leaked audio of obama weighing in on the flynn case. Hold on for a second. Audience, listen to this. The fact that there is no precedent that anybody can find for someone whos been charged with perjury just getting off scotfree. Thats the kind of stuff where you begin to get worried that basic not just institutional norms but our basic understanding of rule of law is at risk. Stuart look, our basic understanding of the rule of law is at risk. Take that on, greg. Incredibly inarticulate, as usual obama has his facts wrong. That wasnt perjury. That wasnt the charge. He says theres no precedent for it. Gee, he seems to have a very short memory. His own attorney general eric holder did the exact same thing, dismissed some case, the ted stevens case, before the very same judge, emmitt sullivan. This is obama. Hes trying to cover up his own complicity in this scheme to entrap flynn and invent the entire trump russia collusion hoax. It doesnt surprise me that this conversati conversation was suddenly magically leaked. That was deliberate because the president is trying to distract and shift the blame to bill barr and john durham and others in the Trump Department of justice, and its really a shame because obama is to blame for the russia hoax. Stuart i have 20 seconds left. Are we going to see any documents in the immediate future which confirm the idea that it goes all the way to the top . Oh, i think so. I think there are going to be more documents released this week that are going to be, you know, i think rather stunning. Whether or not they include obama and obamas white house, i just dont know. But theres plenty of evidence already that obama and his white house staff, his fbi under james comey, the intelligence community, were out to get trump and theyre trying to cover it up. Stuart greg jarrett, thanks for joining us. Im sure we will be seeing you again real soon. Thanks very much indeed. Now, the china angle on the virus. Susan, come in, please. Are we about to accuse china of stealing our Vaccine Research . Susan well, the fbi and department of Homeland Security could be on the verge of issuing a warning saying that china might be hacking into working to steal American Intellectual property when it comes to Health Information and the development of coronavirus vaccine. This is according to reporting in the New York Times and also the wall street journal. Apparently the warning has not been finalized. It still may change and may not be released but we have heard from the Trump Administration and the white house and also the state department accusing china, first of all, of not notifying the world earlier on in terms of the spread and development of coronavirus, and also repeatedly saying that china has stolen billions in terms of intellectual property each and every year including Sensitive Information when it comes to biomedical research. We know that theres been a serious deterioration, stu, of the relationship between the two largest economies in the world and thats pretty much the overhang we have seen on the stock market the last few weeks. Stuart its true. Thank you, susan. I have news on google. New yorks Governor Andrew Cuomo has tapped their former chief executive eric schmidt to lead a new task force to quote, reimagine new yorks infrastructure after the virus passes through. The stock, no relation to the stock price which happens to be down 7 this morning at 1376. Overall, looking at a down side market this monday morning. We have been up recently but we will be down at the opening bell. 240 down for the dow, 67 down for the nasdaq. We will open the market for you after this. Stuart lets get more on exelo musk threatening to pull his company out of california if the economy doesnt reopen. Susan, you know about this. Susan its 10,000 jobs along with it. Finally an injunction on saturday evening calling it a power grab by alameda countys health officer. The tweet pretty much says it all. Tesla is filing a lawsuit, this is the final straw. Will now move its headquarters and future programs to texas, nevada immediately, if we even retain fremonts Manufacturing Activity at all it will depend how tesla is treatd ed in the future. Tesla is the last car maker in california. Absolutely agree, as i mentioned to you, it looks like fremont employs around 10,000. They had been planning for a reopening on friday after shutting at the end of march, according to california shelter in place rules. Look, other states are offering a lot of incentives to get a tesla plant and all those thousands of jobs along with it. Utah, texas, georgia, nevada, not to mention missouri, joplin, missouri earlier on, that wants to buy and build the cybertrucks. Lets get some of the reaction from the California Assembly people and some expletives being used. Here you go. Lorena gonzalez. You read it all here. Shes saying elon musk and tesla should not be getting special treatment and california has highly subsidized this company thats always disregarded worker safety and wellbeing, has engaged in Union Busting and bullies public servants. Interesting twitter battle. We will see who wins this. Elon musk of course brings a lot of jobs and money to california. Stuart i just wonder if theres a trial balloon. A big threat, ill move if you dont let me open up. Whether its a real threat or not, i dont know. It will be a really big deal to move the manufacturing to another state. After all the trouble he went to to open up california. Susan its the only car producing factory in america. Hes in a lot of trouble right now if he wants to get to that 500,000 delivery mark by the end of this year, as he had promised, right, so fremont builds the model 3, model y, model x, crossovers, you name it. So hes concentrated really in one single place which is being squeezed right now. But as he said, the shelter in place order is a form of fascism. Remember he said that recently on the earnings call. He says people should be given rights. You can decide whether or not you want to go to work and if businesses want to reopen. Stuart its the reopening dilemma in a nutshell, isnt it. Hes got leverage here and hes really going to extremes when he calls californians fascist. That will not go down well, you know what i mean. Susan, thanks very much. Look, we will be opening this market in 40 odd seconds and we will be down. Yes, its monday morning. The down side pressure this monday, i cant put my finger on any specific reason why we are going to be down except we have had a pretty good run recently. Remember, please, in late march i think it was right about march 23rd, the dow bottomed at 18,000. We struggled all the way back to the end of last week when we were well above 24,000. That is a terrific runup. By the way, the nasdaq 100 is now only 5 away from its alltime record high. You can tell the Tech Companies have done well. Here we go. We are off and running. Its 9 30. I think we are going to open on the down side. Yes, we are off 200 points for the dow in a very very early going. I see two dow winners. Walmart and intel. I see 28 dow losers. At this moment, the dow is off 230, about 1 . Look at the level. Keep saying that. Youre still above 24,100 at this point. Lets move to the s p 500. That is down a little less in percentage terms. 78 . The nasdaq composite, the techs are doing really well. Thats down. 66 . Dow, down the most in percentage terms. Its now down 200 points. Look at amc. Ive got to see that stock is way up this morning. It is, look at that, 42 . Susan, you know why . Tell me why. Susan there are reports that amazon has held takeover talks of amc theaters which is the Worlds Largest movie cinema chain. It is currently owned by one of the richest men in china. It was bought for 2. 6 billion back in 2012. However, we know that because of coronavirus and the spread of covid19, Movie Theaters have been shut and amc is in a lot of trouble, especially as it also battles with Nbc Universal and the success of Trolls World Tour without having to hit cinemas first. There have been discussions that maybe amc might even go into bankruptcy with the cash burn and the loss of money, and china owners will not be bailing them out in a bankruptcy so why not hold takeover talks with amazon. The question is, what does amazon want with amc . We know amazon has been getting into streaming. We know they have been doing their own content and producing their own content and they like netflix, like apple and the rest, understand that if you have content, you will get more eyeballs on the streaming side. But do they want to get into theaters. Thats the big question. Stuart wonder why they would be even thinking about that if these reports are accurate. Since you went on the air with the story, the stocks gone up from plus 42 to plus 48 . The market thinks maybe theres something there. How about carnival . Check that stock, please. They have announced that cruises will resume august 1st. Ive got a feeling that they are well booked. Is that accurate, lauren . Lauren you are correct. So much so that hsbc has upgraded carnival to buy today. If you look at a division of American Express called cruise planning, they say that cruise bookings from the day that carnival said they were going to set sail on august 1st, that day versus three days prior, there was an increase in bookings of 600 . You are looking on an annual basis, up 200 . So there is demand that is obviously there for three reasons. They are saying Healthy People saying you know what, im not going to worry about coronavirus. Younger people and those who like the price of as low as 28 a night. One more thing. I reached out to carnival and they said look, we cant comment on this. All we can tell you that returning some ships august 1st is not guaranteed. So its very much a fluid situation. The stock is down today. Stuart but for 28 bucks a night, you cant afford not to. There you go. How about united airlines. Whats this, a passenger tweeted a picture of a packed flight . Have you got the picture, ashley . Ashley i do indeed. In fact, it was a tweet put out by a doctor from San Francisco who was returning home after volunteering at a new york city hospital. Check that out. Dr. Ethan weiss says i guess united is relaxing their social distancing policy these days. Every seat full on this 737. He said went on to say everyone on the flight was shocked and also scared by the lack of distancing. He says even stranger is that he got an email from united ten days before this flight saying the middle seats would indeed be open. He says whatever happened to the social distancing. The airline, united, has responded saying we can no longer guarantee that all customers will be booked next to an empty seat, but given the low number of people who are actually flying, theres a very good chance you will be next to an empty middle seat. Apparently not on this flight out of newark headed to San Francisco. There were other doctors on this flight. Bottom line, he said i never can see myself flying again, at least not into the near term future. He said it was awful. Stuart got it. Thanks, ash. By the way, the jetblue Ceo Robin Hayes is going to be on the show in our 11 00 hour this morning. I really want to know how are you going to get passengers back on planes. Whats he doing at jetblue and when does he think we will get back to the levels we saw in january and february . Passenger traffic, is it years away . I suspect it is. We will ask him. Check that big board. We are now down 240. We have been on the air and open for business five minutes for the dow industrials. We are off about 1 . Wheres the tenyear treasury yield these days . It is at. 67 . Pretty much where it was last week. Wheres the price of gold . Around 1700 an ounce. Yes. 1709, to be precise. And oil, where is that . I think we are in the mid 20 per barrel range. Something like that. Yeah. I think we are. All right. I will get it for you shortly. Thats a promise. Under armour, they make athletic clothing. One of their executives now says their revenue in the Second Quarter will be down between 50 and 60 . The stock is off 10 . Other side of the coin, marriott. Their ceo says that negative trends for their business have bottomed out worldwide. They have seen occupancy in america tick up over the past few weeks. People want to get out and about so they are booking hotels against. Doesnt help the stock, though. Still down 4 this morning. Back to up apple. I feel there will be pentup demand for people needing repairs on the phones. We discussed this before. Are you with me or opposed to me . Susan i agree. I think if you look at the stock, the record high was 3. 6. By the way, we are just 20 bucks away from that right now. This is part of america reopening after coronavirus. A handful of stores will reopen in america since we know they have been shut since midmarch because of covid. Apple is opening boise, idaho, first store to reopen here in the u. S. Today. Later on it will be South Carolina, then you have alabama, alaska and other stores as well. But there will be safety precautions so temperatures have to be taken before you walk in and you have to wear a mask. If you dont have a mask, apple will provide one for you. I want to quickly bring up the statement they sent us in terms of this reopening. Part of this reopening theme across america and apple says we are excited to begin reOpening Stores in the u. S. Next week, starting with stores in idaho, South Carolina, alabama, alaska. Now, i would say the stock price says that 271 stores here in the u. S. Probably soon to reopen hopefully before say the summertime. Stuart got that, susan. Thank you. Another reopening story for you. Bed, bath beyond. Ash, what are they doing . Ashley yeah. Very measured approach. They say we will be opening about 20 stores by may 22nd but a vast majority of them will stay closed through at least may 30th. But they are also expanding their Curbside Pickup to approximately 750 locations. Also, you can buy online and pick up at the store. That is also being extended to more locations. But its interesting, they have the byebye baby and Harmon Face Value Stores have remained open through all of this but the main stores, bed, bath beyond stores, dont expect to see those open to the general public in any numbers until at least may 30th, and then under some strict conditions. Stuart real fast, as we enter our seventh week of shutdown and lockdown, everybodys on the screen, lets go round the block, im doing okay but then again, im not looking after young children, and ive got a steady paycheck coming in. And i discovered netflix all over again. The death of starlet is now my alltime favorite of the show. What have you how are you doing, ashley . Ashley doing fine, actually. Very thankful to still have a job and to keep working and to be able to do it from home and my cocker spaniel gracie sits next to me every day. Shes loving it. Stuart susan . Susan doing great. There are people that, you know, relatively speaking, are young enough that they dont remember the era so its great to get caught up again. Stuart lauren, you are in a very difficult position of two youngsters at home. How you doing . Lauren loaded question. We reopened the pool. Once the weather gets a little bit nicer, i think we are going to be aokay. With more activities to do. Were good. Honestly, im very grateful to have employment. Stuart glad were all still on the air, put it like that. All in different places. Thanks very much, everybody. I say it is the worst of ideas and the absolute worst time, that is, free money. We are trying to get back to work and the left wants to give 2,000 a month to every adult. Thats the theme of my take at the top of the 11 00 hour. I dont like that free money deal. Auto makers devastated by the virus but they are now making plans for a comeback. We are on that one. Big tech yet again leading the way for the market. 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Look, reverse mortgages arent for everyone but i think ive been round long enough to know whats what. Im proud to be a part of aag, i trust em, i think you can too. Trust aag for the best reverse mortgage solutions. So you can. Retire better. Stuart we are 13 minutes in and 200 points down for the doi industrials. Thats about. 84 . Got it. Take a look at the big tech names. We have been following, of course, for years. They have been the winners during this pandemic. Ray wang is with us. Hes an eternal bull on the big tech names but we brought him on the show today to tell us how about some other tech names, not the big guys, but moving down the food chain just a little, what does he like. I have seen his list. It starts with shopify. Okay, ray, you like shopify, but the stocks already had a wonderful run. Why do you think it might go even higher . They are attacking the best market which is the smb market, thats in the middle of a change going from retail to ecommerce. What they have seen is massive growth. They added 62 more new stores, they are at mid 40s in terms of growth and revenue, at mid40s in terms of gmv which is the measure of how much commerce goes through their system and they are on fire. They are easy to use and customers love them. Stuart heres another one thats done very well already. Again, i want to know if you think its going higher. Thats sales force at 176. I think sales force is in a great position. Customers see them as the innovative company. They have also been taking the lead in terms of Business Initiative around postpandemic recovery. They have been out there in the marketplace and customers see them as the light toward innovation and modernization as people are moving to cloud, moving to data and moving to subscription rev enue models. Stuart how about zoom . They have done extremely well. They are in the 160 a share range but theyve got competition. You think zoom goes up from 163 . Zooms phenomenal because they are the poster child of the postpandemic and basically, they are the verb. You zoom things. You zoom in. You get zonked, so the whole point being they have actually achieved that level of awareness and now its really about getting more enterprise accounts in place and getting consumers on their end as well. I think theres still a lot of growth in the space. Stuart teledoc. Teledoc is great, right. We are talking about this health care boom, people are seeing a lot of physicians but they dont want to go into the office, they dont want to go to the hospital. Telemedicine has been around for awhile but the technology has never gotten better. What teledoc has done is they have been signing up more doctors, picking up more contracts, and people have accepted telemedicine as one of the primary channels just like urgent care. Stuart moderna. I know that youve got a degree in Public Health so you Cover Technology and the Public Health sector. Moderna has already done very well. Its up another 7 today. Whats so good about it and wheres it going . The secret behind moderna is the fact that they have got a way to look at mrna viruses and trying to figure out how to build vaccines behind that. They have had some successful trials and what they are going after is the bigger coronavirus pandemic. Its not just going to be covid19. There are other coronaviruses that have been in playing over the last ten years vme. Theyve got a lot of technology and knowhow to figure out how to get to that vaccine. People are betting on them for that reason. Stuart let me digress for one second. I know you fly a lot and have been flying recently. Are the planes full . Whats the social distancing look like . How is your flight path or flight trips going . Its a great point. I took a flight from San Francisco to houston. It was empty but it was also a redeye. When i got to houston, the Texas National guard was waiting for you, making sure californians transferred out and got on to the next flight and got out to the next destination i was at, which was an emeptier flight. But it was packed in first class and probably a fifth empty in economy. Stuart would you say overall that flight, the number of tickets number of seats sold on any given flight is gradually inching up . Its inching up but its not packed. I think in most cases they are carrying about 30 to 40 of the flight load. Theres not a lot of amenities in the airport either and of course, the rental car facilities are pretty empty, as you can imagine. The hotels are really empty. The hotel we were staying at had eight people on a sunday, 12 people on a monday and like 14 on a wednesday. They could hold 300 people. Stuart okay. That tells a story. Ray wang, thanks again. Always appreciate you being here. Now, i want to update zoom. There is news on zoom. The stock is up 5 . Susan, passwords to zoom are available on the dark web . Is that accurate . Susan past a million of them. 500,000 of these passwords, user names and other data is on the dark web which is available for purchase by cybercriminals and this includes employees at major banks like citibank and chase, according to these reports. We know that several Companies Including google, tesla, even nasa, the uk government, the u. S. Senate, taiwan, have banned the use of zoom because of concerns of security. We know that zoom itself and the founder has embarked on this 90day security plan hoping to beef up security since we have heard of zoom bombing which is also now part of the zeitgeist as well since 300 million active daily participants are on a zoom meeting so zoom has a lot to i guess repair for in terms of security but that still hasnt stopped the stock which is up 5 today and doubling so far this year. Stuart well, like ray wang says, zoom has become a verb. Susan part of the zeitgeist. Thats right. You zoom now. Everyone does it. Stuart susan, thank you. Some counties in pennsylvania say they have got to follow their own lead to reopening, regardless of what the governor has to say. They are ready to go back to work and it looks like they are going to actually do it no matter what their governor says. Were on it. Johnson johnson chief science guy says we need a vaccine before we can return to work and normal. We will tell you exactly what he had to say about that in just a moment. In my line of work, i come face to face with a lot of behinds. So i know theres a big need for gasx maximum strength. It works fast. Relieving pressure, bloating, and discomfort before you know it. So no one needs to know youve got gas. Gasx w . W . Uhionone needs to know youve got gas. Thats it. Im calling kohler about their walkin bath. [ sigh ] not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . 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We will have some vaccine available this year but it will depend on the authorities, the fda and others, to decide whether it can be used earlier, before clear efficacy data are available. Stuart im not sure whether he answered the question there, are we going to get a vaccine this year, yes, some of it, maybe. That was j js top science guy. Ash, you listened to more of that. Did he also say the virus is not going away without a vaccine . Im not sure what this guys saying. Ashley yes. Thats exactly what he said. He said look, the coronavirus cannot be eradicated until we have a vaccine. He talked about the trial of a promising new drug. Human trials will begin in september but it wont be until next year when j j hopes to deliver one billion vaccines by next year. You know, vaccines normally take five to seven years to get from concept to delivery. We are talking about a very very much shorter period of time, so you know, theres not a lot of precedent here to give time, you know, to give deadlines but certainly, the human trials beginning in september is a very encouraging sign, but well have to wait and see how successful those trials are. Stuart all right. Thanks, ashley. Lauren, come into this, please, because the fda has granted authorization for a new type of virus test, okay. Whats this about . Lauren right. This is the first time theres approval for an antigen test. Theres antibody tests, antigen tests and also something called a pcr. The name of the company is quidell. Take a look at this stock, alltim high tod alltime high today. This is a nasal swab. You get the results in 15 minutes. Its fast, its cheap and they can scale manufacturing pretty fast. Stuart the stock is up 20 . All right, everybody. We are through with our first hour. There will i promise you, be more varney about flynn and president obama after this. I came across sofi and it was the best decision of my life. I feel cared about as a member. Were getting a super competitive Interest Rate on our money. Were able to invest through the same exact platform. I really liked that they didnt have any hidden or extra fees. Sofi has brought me peace of mind. Truly thank you for helping me prepare for whatever the future has in store. Stuart it is sackly 10 here in new york. Among the eastern seaboard. The market open for 30 minutes. Were down 200 points for the dow industrials. S p down. 6 . The nasdaq composite down just a fraction,. 14 . Techs doing well. I want to show you disney. Shank ohio disneyland reopened. There were social distancing controls. They limped number of visitors. They will keep some attractions closed. Nonetheless, it was a sellout and people went in big numbers. Look at apple, they will start reopening American Stores this week. They will require temperature checks of employees and customers. Number of people limited. Apple we reopen stores in states alabama, alaska, idaho and South Carolina n a down market today, apple is barely changed. Now this, arkansas senator mr. Cotton, tom cotton, he continues to criticize china for its response to the virus, harshly so. Watch this. I believe that was a deliberate and conscious choice by the Chinese Communist leadership. Though did not want to see their relative power and standing in the world decline because this virus was contained within china. If they were going to suffer an economic contraction, they were not going to allow the world to continue to prosper and china be the only country whose economy was declining. Stuart that is a direct accusation against china. Susan what do we know about the relationship between the accusation against china and phase one trade deal with china. Susan both sides have been talking. We heard from robert lighthizer, the trade rep and treasury secretary steve mnuchin. Both sides are talking to the chinese side in order to get the phase one trade deal implemented. But we also heard about the u. S. China relationship. Take a listen. Ambassador lighthizer and i had a conversation with premier liu he. We made it clear that they would meet their commitments . Am i confident . Their actions, i said before we expect china will meet their obligations f they dont there will be very significant impacts to them, not just with the u. S. But the rest of the world. Susan what are those obligation gas . That means spending 200 billion next few years on energy and farm goods. They have been buying a lot of farm goods to maybe resupply and restock the food chain. We know there has been an epidemic among the swine and pork population in china. In terms of ip, intellectual Property Protection that is in question as well. Will phase one translate into phase two . We have 25 tariffs, on 300 billion worth of chinese goods. Stuart tell me about the chipmakers. I think it is the administrations intention to take chipmaking out of china and bring it back to the United States. How does that factor all these talks . Susan they want to jumpstart new chip factories pointing to the fragility of asian supply chains, especially taiwan, which is separate from china. China doesnt view it that way. We know a lot of sophisticated, fast, modern chips come from the asiapacific. Only three manufacturers currently in the world can build the chips. Taiwan semiconductor, samsung and intel. So the Administration Reportedly talking to intel, teaming up with tsmc, Taiwan Semiconductor that make chips going into the iphones. Building a factory and more factories here in the u. S. This would build chips for a lot of u. S. Corporations including possibly apple and defense. To provide a safe supply chain for Sophisticated Technology in the future. Stuart no wonder intel is up 1 1 2 this morning even in a down market. Thanks, susan. Lets get back to hong kong. Remember the protests there . Remember the lockdown because of the virus . Apparently, lauren tell me more, the protests are flaring up again, is that right . Lauren the prodemocracy protests are flaring up again. Hundreds of protesters over the weekend. Some indeed were arrested. They say beijing is taking advantage of the coronavirus to use Contact Tracing apps to find out where they are. Also find them if theyre gathering more than eight people. That is against the law. So they say beijing is using coronavirus to clamp down on them even more. They will not have it. We saw protests over the weekend there. Stuart what was that expression . Never let a good crisis go to waste . I think that applies to many, many areas these days. Weve been in business for 35 minutes. The markets are open now. Were still down 200 on the dow. Look at the nasdaq. That now has moved up. The nasdaq by the way is positive for the year 2020. It is up just a fraction today. Tech doing well. Tesla, model 3 sales in china plummeted 64 . Whether that is why the market is selling off a bit, i dont know but it is down 16 bucks on tesla. Marriott after their profits came down 92 , the stock is off 5. 6 . Were not staying in hotels like we used to. Look and under armour. They are way down. Their sales were way down 23 . The stock is off 10 . Got that. Big news on abbott labs their antibody tests. What have they got millions of them ready to go to market, lausch lauren . Lauren doubling to 60 million in june. They know the proportion of a population that has been infected, has coronavirus before. It helps with the reopening. Of course it doesnt gain i immunity. You can get the virus again but chances are less. Stuart thank you very much. Check the 10year treasury yield. 68 . Wall street journal says the fed is not likely to consider negative Interest Rates. That is probably good news. Ed yardeni is with us. I cant imagine us going to negative Interest Rates here in the u. S. Are you glad too . I am glad. The negative Interest Rates in japan and eurozone has not been positive. Quite opposite. It squeezed institutions financial profitability and made it hard for banks in the japan and eurozone to make loans. In the United States we have a huge Capital Markets which creates a lot of capital for our companies but the banks are also in very good shape. I hope we dont ruin that all with negative Interest Rates. Stuart are we headed toward as debt crisis . After all were trying to borrow 3 trillion between april and june and probably a lot more borrowing still to come. Debt crisis on the distant horizon do you think . I think it is very distant at this point, i think it is premature well pay price for borrowing. Interest rates are at zero. Treasury secretary said he can borrow a lot of money with sear Interest Rates. We have monetary theory where the treasury borrow as lot of money and fed monetizes it by buying bonds. Federal reserve bought 1 1 2 trillion dollars worth of debt last few weeks. I think the fed will basically mon advertising the whole thing between now and yearend. Stuart what does that mean, monetizing the whole thing . Explain that to us. So the fed is buying the bonds. Individual investors, Institutional Investors are not ones financing the deficit. Federal reserve will do it. And it will do it by basically printing money as they say but it is not really currency. It is reserves of the commercial Banking System and i didnt know how we have been able to get away with it for well over 10 years the fed has been doing this without creating any inflation problem whatsoever. As a matter of fact, as you know, they have been frustrated they havent been able to get inflation back to 2 . Weve been lucky. There have been some very powerful forces keeping a lid on inflation. As long as that continues i dont think well face a debt crisis. Debt crisis will occur when inflation comes back. I dont see that anytime soon. Stuart okay. The markets are moving a bit higher. Not right now. Certainly general direction moving up. Ed, thank you for joining us, ed. Thank you, stu. Stuart a biometric company. It is called clear. It is reportedly going to offer virus screening for businesses. The significance of that, lauren, tell me please . Lauren you know what clear is. It has been used after 9 11 at the airport. You pay for it. It knows what your eyes are like, fingerprint, and you can bypass security. Theyre looking to use the system so you can go to work. So businesses can reopen. Snap a selfie, answer a health quiz. Antibody results are in there. It generate as qr code. That is your work pass. You scan that to get into the doors of a building. That is theyre thinking of use the technology for. It raises privacy concerns. It is tracking our every move. Holding identification about us in their system this is the new covid reality, right . Stuart there is accuracy questions as well. Is it always 100 dead accurate . You have to ask that. I smell lawsuits in the offing. There you go. Quick check of the markets down 200 on the dow industrials. Down a half percentage point on the s p but the nasdaq continues to move up. I see green for the nasdaq. Now this. Well that moved fast. Weve gone from exonerating general flynn to questioning the involvement of president obama in the mess known as russia, russia, russia. It only took a week. It was the Obama White House and the Obama Justice department which targeted general flynn even when it was known there was no legal basis for a charge against him. Flynns lawyer says the generals ordeal began when president obama met with top fbi and doj officials in the white house. The obama team back then rattled by hillarys loss and all the signals that President Trump, president elect trump was planning to reverse all of obamas policies. Obamacare, the iran nuke deal and paris climate agreement. He would reverse them all. They couldnt handle that. According to flynns lawyer started the plot to undermine the trump press did not sy before it even began. Thats why obama has lashed out in a Conference Call last week he suggested that trump team was undermining the rule of law but is the obama team that clearly is the obama team that clearly did undermine the rule of law with the political prosecution of general flynn. President trump calls it obama gate. He believes obama did indeed tried to undermine his presidency. The flynn case certainly set in motion the whole russia, russia, russia, fiasco. Now that we finally see the all the relevant documents it looks like the trump haters did indeed move heaven and earth to overturn the election this is important. We may be distracted by the virus and devastated economy but we cant let a political scandal of this magnitude just slide by unnoticed. It has taken a long time but we are going to find out if a sitting president set in motion a plot to undo an incoming president. Remember the election is less than six months away. It will be between President Trump and joe biden. He was president obamas Vice President when all this went down. You might almost say its trump versus biden, clinton, obama. You could say that. Here is what flynns attorney, Sidney Powell said about president obama on the Fox News Channel yesterday. Roll tape. So the whole thing was orchestrated and set up within the fbi, clapper, brennan and in the Oval Office Meeting that with president obama. So you think this goes all the way up to the top to president obama . Absolutely. Stuart come in, tim murtagh, trump 2020 communications director. Do you have proof, flatout proof it does go all the way to the top . Well i think it certainly looks like that, stuart. All you have to do is look at the facts that are now coming out. Everyone involved there knew that obama was interested in, was in the loop and we also know that joe biden was in the room there in the white house in january of 2017 after donald trump had been elected but before he had become president. When they were talking about Michael Flynn. Lets remember what general flynn went through here. They were first going to try to get him on the logan act which is of course private citizens getting involved in Foreign Affairs on behalf of the United States. No one, no one, has ever been convicted of the violating the logan act. They moved on from that. We know they have the handwritten notes in the margins of the fbi documents there. They were either aiming to get him to lie or get him fired this is is a concocted case against Michael Flynn. We know what was happening. They wanted to get the russian hoax off the ground. They need ad scalp, someone to take down, in order to further that aim. That is what this was. They were inan tent on taking down the Trump Administration from the very beginning. That is what this all traces back to. Stuart do you know for a fact, well see more documents in the immediate future which will lead to the top . Do you know that . Are we going to see that . No, i dont have any personal knowledge of what documents still exist and what documents are about to come to light. Remember, were the political arm of the president. Were not inside the white house and dont have access to doj files of course. So we follow the news reporting and the news report something damning enough. They threatened general flynn with prosecuting his son, why he entered the plea agreement. For president obama to lash out, say the rule of law has not been upheld, when in fact the rule of law was perverted to get general flynn in the first place, now the rule of law is being upheld as the case goes before a judge who we hope will approve the dropping of the charges. But this was a setup from the very beginning, intent on getting general flynn and breathing life into the russia hoax. Which we know thats what happened by the evidence that is already in public today. We also know that joe biden was right there in the room when this was all being discussed. So the question really is, to paraphrase something from way back in American History what did joe biden know and when did know it . These are very, very important questions. Stuart i will be waiting for the debate between mr. Trump and joe biden. Tim murtagh, thanks for joining us. Appreciate you always as always. As always, stuart. Stuart still to come on the show, former National Security council chief of staff fred fleitz will also respond to what Michael Flynns attorney is saying about mr. Obamas involvement to frame the general. First several counties in pennsylvania threaten to reopen business despite a order from the governor not to do so. Were talking revolt again in pennsylvania. Heres the thing about managing multiple clouds for your business. When youve got public clouds, and private clouds, and hybrid clouds things can get a bit cloudy for you. But now, theres the Dell Technologies cloud, powered by vmware. A single hub for a consistent operating experience across all your clouds. That should clear things up. Stuart all right. Were open now for 50 minutes. Were down about 1 on the dow. Down 2 3 of 1 on the s p but were up a tiny fraction on the nasdaq. Vera bradley says it plans to have nearly its entire store base reopen by june. They will be restricted hours and there will be social distancing. It is not helping the stock. Theyre still down 8 . Thats vera bradley, vra. Now there is this, at least six counties in pennsylvania threatening to reopen businesses within the counties. Ash, theyre not supposed to be doing that, are they . It is a revolt . Ashley it is a revolt. At least six counties telling pennsylvania governor tom wolfe well not play by the schedule that you have put out. They say their residents should be rewarded for patience and get back to their life and livelihood. One of the gauges pennsylvania uses is a threshold of 50 cases of coronavirus per 100,000 residents. If it is at that or lower, then you can move into a phase of reopening. The interesting thing is, those six counties, stu, all have greater number than 50 cases per 100,000. They say this is time to get going. They are, well, threatening, i guess is the word to say. Were going to go ahead and move, we trust our residents, they say, to act responsibly. They have done it up to now. There is no reason why they cant get back to their lives. Stuart six counties. That is in pennsylvania. Ashley yes. Stuart we got that. Andy puzder is with us. Andy, comment on the pennsylvania revote. There is a revolt in california. Seems to me this is, it is almost unstoppable, especially in rural areas. What do you say . Absolutely. Look, people, the American People know that it is time to reopen the economy. They need their jobs. They need to be able to feed their families. Look what happened to the woman in texas. They will continue to pressure the governments of their states to allow them to open. Im in tennessee. People talk about taking the tennessee pledge even in new york where people open up but do what they can to protect employees and their customers. Weve got 89 counties open here. Im in williamson county. It is open. I was out this morning. There was a rush hour. I would say 70 of normal. I will get an elective medical procedure on wednesday. People are out there. Theyre in restaurants. It is, you can feel energy. People are ready to get back to work. Stuart you have the problem of liability. I see this coming a mile off, andy. Your business opens up. People come in. You take all the precautions you can possibly take, you come in. Somebody gets infected and sues. Youre on the hook. You can see this coming a mile off. If we want to get back to work, fast, surely we need Liability Protection . We do and republicans are ready to pass it. Whatever bill they pass next, if it is going to get through the senate it will have a Liability Protection for, provision. Obviously democrats are resisting this. The trial bar is very supportive of the democratic party. They have treated this whole virus situation as political, as something to either enhance their chances of winning in november or fundamentally changing america or making sure that the people that support them like the lawyers continue to see increased funding. The republicans are not theyre not letting anything get through the senate that doesnt have a Liability Protection. Stuart i call that, i call that good news. Before we leave you, andy, im hearing anecdotally where businesses have opened up in states where theyre allowed to open up, business is pretty good. What are you seeing in tennessee . I tell you what. I drove to a little place, happiers fork, ash probably knows it, a little tourist place. Ton of people there. Restaurants had tables outside. There was distance between them. They were full. Bikers there. A lot of bikers go through the town at the little gas station. You can feel the energy here in tennessee. I think well see much better results than people are predicting. I have to be conservative. Were still in page. A lot of people still dont have jobs. There is a lot more to do. Here in tennessee thanks to governor lee, you can feel energy. Stuart got it. Andy puzder. Thank you, stuart. Stuart tomorrow, shelley luther, she is the texas salon owner sentenced to jail for reopening early. She joins me this morning, 9 00 a. M. Eastern. She is a hero to me. Shelley luther. Oil, were at 25 a barrel. 25. 14. National average of gallon of regular case, im afraid gone back up to 1. 84. The low was last monday, a buck 75. Here is the cheapest in the nation, arkansas. Average price of gallon of regular will set you back 1. 48. Cheap gas, that means were driving more. Does that translate into a demand for more cars . Is that is what is going on, ash . Ashley well, yes. The interesting thing psychologically, stu, the perceived safest form of transportation right now is the car. It is really interesting. In other countries further along in the process, china, for instance, beijings metro system usage down 53 . In berlin, germany, it is down 61 . Why . People are getting in their cars. We used to like taking the train because we dont deal with the traffic jams. But now i only feel safe in my own car. That has given a huge boost to demand for gasoline. In fact in the u. S. , in the weekending may 1st, 400,000 barrels more of gasoline were used because more people feel safer driving than taking public transportation. Stuart i knew it would happen. Bring the price of gas down, people will come and use it. Thats a fact. Ashley right. Stuart we have a new report from forbes and it suggests that future air travelers might have to arrive at the airport four hours early to allow for checkin, and, Health Screenings. How about that . I want to know how that is going to work . Im asking the ceo of jetblue. He is on the show next hour. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Avoid sick people. And touching your face. There are everyday actions to help prevent the spread of respiratory diseases. Visit cdc. Gov covid19. 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Get started with our free online hearing test. Visit listenlively. Com stuart weve been open one hour this monday morning. Were still down almost 1 for the dow. Down about 2 3 of 1 for the s p. A fractional gain for the nasdaq composite. Gold still hovering around 1700 an ounce. Youre exactly 1700 as we speak. Bitcoin, all over the place. Where is it now . 8900 buck as coin. Down 1000 bucks. A real volatility. Bitcoin fell 15 in ten minutes. All over the place. Plans to reopen america very much underway. Danielle dimartino booth is joining us now. Danielle, here is what it seems to me. The pace of the economic recovery, how practices we bounce back, depends how fast we go back to work and how people prepared to use stores and spend money, are you with me on this . Before you answer, seems to me it is going quite well. We are opening up, were going back to business and were spending. I think a lot of americans are definitely itching to get out so to speak. Here in dallas, there were lines outside of beauty salons where you can get manicures and pedicures. There is demand for services. Im not sure about big big at the ticket items. 30 stores took out a fullpage ad in the Atlanta Journalconstitution explaining why they werent quite ready open up. Rural areas in america have a little bit more latitude to open freely as opposed to the denselypopulated areas. Woe saw the mayor of the city of naples, florida, for example, come out close the beaches in florida, he said, inif youre not respecting social distancing requirements you will not have the privilege of using beaches. Americans need to be enthusiastic about this they need to be remindful, respectful of others when it comes to the social distancing norms so we can all be safe. Stuart i take your point but i think it is absolutely imperative that we get out of the house, and go back to work. There is a huge social cost involved here. You keep people penned into a small apartment, a house, for weeks on end, you might be in a abusive relationship, there could be domestic violence, alcoholism, drug abuse. Those are hidden costs keeping people locked down. I think it is an absolute imperative, get out, get back to work as fast as possible. Are you with me on this . Oh, i think we need to get america back to work as soon as humanly possible. Whatever we can do to get the engine, get that train in motion is definitely important. We have to be mindful of the country. We have to come together as some other countries have done and be respectful of each other so we all get on better economic trajectory. Get the paychecks going again, be, reliance on the American Government declining given how much money, stimulus, how much were running up debt levels in the country. Stuart by the way, danielle, the president tweeted this a few seconds ago, i will read it for everybody. The great people of pennsylvania want their freedom now. Theyre fully aware what that entails. The democrats are moving slowly all over the usa for political purposes. They would wait until november 3rd if it were up to them. Dont play politics. Be safe, move quickly. Do you see politics in this, danielle . I mean i, i mean politics are right there. Democrats are not desperate to get back to work. Republicans are . Well, i, you see a lot of political divisiveness when it comes to the debate surrounding opening these states and, just on my twitter feed alone the animosity, you can tell who is coming from what direction. I think the president s message we have to do this safely is something that i hope everybody listens to very carefully because i think that we can successfully reopen. You never even saw cities like seoul close completely down. They were able to keep the restaurants open throughout this, because, again, people appreciate social distancing norms what they needed to be to keep everybody safe. Im happy the president used that word this morning. Stuart and he did. Thanks very much indeed, danielle. Well see you again real soon. Check the markets. Come back a fraction, nothing much. Were down 195 on the dow industrials. Lets get to sports. Are we going to see baseball in july . Ash, whats the plan . Ashley yes. That is one of the suggestions. The baseball commissioner is talking, rob manfred, is talking to the owners today on a Conference Call. Then they are expected to put a proposal to the Players Union by the end of the week. What theyre looking at, stu, right now, is beginning a season in early july, in stadiums without fans. They will only play about 80 games. Which is half as many as normal season. Some home stadiums can be used if those teams are in cities where local governments allow it. Other teams may have to go to the spring Training Base in order to play. Also they will regionalize the games. That that will cut down on amount of travel teams have to do. This is up for speculation. The Players Union has to agree. And owners too have to get on board. There is optimism. I will say this, some scenario that can be played out and we will see some baseball, hopefully beginning in early july. Stuart bring me up to speed on football, basketball. Nfl first. September . Ashley nfl, yes, they sent out protocols. Commissioners office, this is how stage one will look when you open up your facility. Basically no players allowed to report in the early going and only 50 of staff of all the teams. Roger goodell says it is impossible to project what the next few months will bring. They put out a schedule. We dont know where some of the teams will play. Maybe california teams will have to play in arizona and nevada. Maybe las vegass new football stadium will host maybe two or three california teams. All hypothetical. But the nfl trying to come up with a plan that is good for everyone. As for the nba still very unclear when they will be able to resume the season. There is no real agreement. They have some practice facilities open but only two teams are taking advantage of that, portland, cleveland. Other than that, it comes down to the level, the tolerance of the individual to risk we are told in the nba. That still hasnt been decided. So the nba up in the air. Baseball trying to look at early july to get some games going. Stuart we hear you. Ash, thanks. Coming up by the way, im talking to two former nfl quarterbacks, drew bledsoe, rick mira. See what they make of the nfl reopening plan. Im asking them about their virtual wine tasting. That is what they have been up to in quarantine. That i guess is one way to pass the time. Im sure they will tell us more about that. I was born in 37. It was a very struggling period of time. Up and down. Depression to exuberance. And you could name many, many cycles like that over the years. My generation, having come through so many wars and so many things. Persistence. Its the heartbeat of this country. Stick with it. Stuart drew bledsoe, rick mira, two former nfl quarterbacks have been hosting Wine Tastings through a series called, wine odyssey. They share notes about wine and including their own. That is where i want to start. Drew, you make your own wine, do you . Rick and i both do. We have a shared passion while we were playing. We both like wine, love talking, you know, talking about what we would put in the cellar while were playing. Both of us after retirement decided to get in the wine business. Were having a ton of fun. In this new world we have to talk about something, lets talk about what we pull out of the cellar every night and the world gets to listen to our conversations about why. Stuart rick, you want to be honest and is your whiney good . I knew you would ask that. I thought you were going to ask about drews. The wine is really great. Were proud of what we have across the board. Weve been sharing other wines and stuff from italy and france and other places to explore and continue the odyssey. Stuart what is your platform . How do you do a virtual wine tasting to bring people back into it . What, are you on facebook or something . Were doing a couple different things. Were both kind of old. We have to ask the kids. We ask our sons, our daughter, where do we put this . On snap face what do you do . So we sort of figured out. We do instagram and and twitter. That gets dumped over to facebook also. But, were obviously very brand new at it. We try to figure it out on the fly. Stuart rick, you do know when you do a real wine tasting, youre not supposed to swallow it. Do you swallow it . There is quite a bit of consumption, yeah i think, right now when youre safely in your own home, no one is on the road. So it is okay to swallow. Stuart absolutely. Why not . Youre looked down anyway, come on. Drew, look, i dont know that much about football but i do know this. You were the quarterback with the new england patriots. You got hurt. It was 2002. Tom brady came in to take over and he never left. Now mr. Brady is with the tampa bay buccaneers, how do you think he will do down there . I think he is will do well. Tom is a great guy, a great player. The interesting thing that is pertinent to right now though about that time was the game that i got hurt in was the first game back after 9 11 and i was listening earlier, you guys were talking about whens football going to start again. I was actually on the committee that was trying to decide when we were going to Start Playing again at that time. It is very, very pertinent to right now. Are we going to play. How are we going to play . What are we going to do . We elected to skip a week then, then Start Playing games again. It is very pertinent to right now in terms of what theyre trying to do, figuring out when to open football again. Coming back after that game. We played the jets. Theyre from new york. So everybody felt sorry for them. We let them win. They hurt me. Tommy came in. What has he done, right . Stuart that is one side of the argument. Im sure there are other sides to it. Rick, i will ask you first, then to drew, rick, how do you feel, how would you feel about playing to an empty stadium . I would rather play to an empty stadium than not play. That is how i would look at it. It is doable. It is unique, it is unusual but it is better than not playing. I feel bad for the rookies, new guys switching teams, they havent had a chance to meet their teammates facetoface. I would like to see the games happen one way or the other. Stuart drew, same for you . Yeah i think it is important. Sports are important to all of us. Really worldwide. Something that we talk about. Gives us some Common Ground if we dont have Common Ground on other things. Honestly, playing in front of an empty stadium, kind of depends was going. If i was playing poorly, then an empty stadium would be great. I did have the benefit of playing, my name is drew. When i through an interception, i pretended they were saying drew, they were never booing me. Im with rick, play with an empty stadium or dont play, you definitely play to an empty stadium. They could integrate some of the xfl stuff. Have more microphones on the field. Do coaches talking more, do that kind of stuff to fill the dead air. Stuart gentlemen, great having you on the show. We wish you luck with the wine tasting, virtual wine tasting, whether you swallow it or not we dont care. Youre doing something. Gentlemen, thanks very much. Cheers, that is the way to go, cheers. Check the market. Were down 189 points. That is 3 4 of 1 on the dow. Check this out footage of clubbers in germanys first drivein rave. Cars parked in rows in front of the d. J. Passengers limited to two people per vehicle. They did it. They got out there. In the u. S. First socially distant plan for this friday in arkansas. Performance by the lead singer, rock band bishop gun. Well tell you how this thing will work. Well tell you that next. Tums versus mozzarella stick bell rings when heartburn hits fight back fast. With tums chewy bites. Beat heartburn fast tums chewy bites stuart all right. Where are we now . Were about 10 51 reason time. Were down 191 points for the dow industrials. Listen to this, the first socially distant concert takes place in arkansas this friday, led by travis mccready, from the country rock band bishop gun. Kristina partsinevelos. How do you have have a socially distant concert . What will it look like and feel like . Reporter you wont be knocking elbows with fans or crowd surf anytime soon. Less than 250 people will be allowed in this venue on may 15th. Live nation is hosting it. So what are the restrictions . You will have to wear a facemask when you enter. Tickets are being sold in fan pods. Sold between two and 12 sate clusters. You have to have the temperature taken. You have to wear a facemask. The Arena Holding 1000 people will be only 20 capacity. Bathrooms, there will be a maximum of 10 people per bathroom. There will be fog sprayers that will sanitize the venue. But stu, you know, sometimes maybe you or others may not feel safe in such a enclosed space. Another trend that is picking up is, drivethrough, or drivein concerts. One happened last month in denmark where everybody drove their car into a drivein Movie Theater there was a concert hosted. There was also a concert hosted over the weekend in seattle with a rapper who did the same thing. Instead of speakers, stu, they gave everybody Wireless Headphones so they could sit in their car, listen to a guy rap on stage, while look listening to the music through their Wireless Headphones. Another u. S. Artist will host a fivecity tour in the United States in drivein Movie Theaters. Take your car. Distance yourself in the car. Listen to a concert live. This could potentially be the future. Live nation is very optimistic, because fans have not, 90 percent of their fans are choosing to keep their tickets instead of refund them because they believe these shows will eventually come back. Just might feel, look a little bit different. Stuart you got that right. You got that definitely right. That is not your normal concert. Thank you very much, kristina. Reporter no. Stuart i want to move on to the whole story about reopening these Meat Processing plants. Tyson foods closed its North Carolina plant for deep cleaning. Lauren, when is that going, when is that plant going to reopen and what about the rest of them across the country . Lauren tomorrow, it will reopen after a deep cleaning tomorrow, but at least 38 processing plants, according to usa today have been closed since the pandemic. Think about it. Meat workers work in close proximity to each other and they often live close to each other as well. For this particular North Carolina tyson plant the county Health Department says 19 of the workers there tested positive for coronavirus. So what are the repercussions of all of this on the National Scale . Higher meat prices and or meat shortages. I have gone to the food store. Some food stores have like no meat. The ones that do, the prices are definitely up. Usda says there will be a one to 2 increase in meat prices. I have seen more than particularly when it comes to beef and steaks. Stuart thank you, lauren. Here is what we have in the next hour of the show. I will talk to the ceo of jetblue. Their sales were down about 20 in the month of march. What are they going to do about that . How do you get people back, when if ever can they return to normal. I will ask robin hayes. He is the ceo of jetblue. You have my take on the left universal income proposal. It is the worst of ideas at the worst of times and i will tell you why after this. Stuart all right. It is coming up on 11 00 eastern time. The markets still on the down side largely but i keep saying it. Look at that level on the dow industrials. 24,100. About six or seven weeks ago, we were back at the 18,000 level so we have come a long way. Lots of earnings news. This is a big day for profits and losses. First of all, we will get take an eye on caesars. The vegas people. This is going to be all about their call which has been made after they released their earnings. What do they see on the timetable for vegas reopening . That will be important. The Simon Property Group Reports today. They are the biggest mall operators in the country so obviously, they are in the news. Sunoco, an oil company, oil is very much in the news. Pay close attention to those particular earnings reports. More than a dozen states easing lockdown restrictions as of today, by the way. Several states are reopening restaurants or at least allowing them to, allowing dinein services, at that. In michigan, some manufacturing workers will be allowed back on the job. Thats whats happening. Now this. Its the worst of ideas at the worst of times. Free money for everyone. Can you believe it . Just as we are trying to get back to work, the left proposes 2,000 a month for every adult. You may have thought this kind of universal income scheme bit the dust in the primaries but no, its back. Just one more way the socialists try to stick us with economic nonsense. Three senators, Bernie Sanders, kamala harris, ed markey, they want to give 2,000 a month, no strings attached, to everyone 18 and older. Quote, until the pandemic is over, whenever that might be. If thats not vote buying, i dont know what is. Vote for me and look what you will get. Look what i will give you. Point one, how do you get people to work if they are making, what, 50,000 a year each to stay home. The left doesnt want you to work for your money. They want you to be dependent on a government handout which they control. Point number two, who pays for it . The socialists pretend that the rich will pay or well just print more money. This is economic fantasy land. Wealth confiscation trashes the constitution. Money printing on a vast scale invites inflation. Socialism really is dangerous for your financial health. Somebody has to point out that americas worldbeating economy was created by energetic people going to work. Not handouts that encourage people to stay home and live off the government. In fact, theres a raft of big spending plans. Speaker pelosi wants a new big and bold multitrillion dollar spending plan. Aoc, well, unbelievably, she wants a general strike. Throw in this 2,000 a month vote buying scheme and you can see where the left is headed. Tax the rich, print money, make us all dependent on the government. They want to salvage political power from an economy wrecked by a governmentordered shutdown. This is not going to go away. Its only a matter of time before joe biden comes up with his own free money program. The left will try very hard not to let this crisis go to waste. Lets get straight at this and bring in raul powell, Real Vision Group ceo and founder. Hes with us today. You dabble in politics a little and you certainly look at the market and the economy. Tell me, do you think that 2,000 a month for every adult will bring the economy back riproaring . You think so . No, i dont. I also think that the problem is if you give everybody the same thing, it devalues the value of that thing that you give them. So does it add inflationary pressure, do we basically lose that potential gain . I understand why they think it might work but theres a lot of stumbling blocks in why it wont work. I think its really not the answer here. Yes, they need a better Social Security net in some way, shape or form but not like this. Stuart what about the whole idea of yet another stimulus plan . Speaker pelosi is talking about it and they are talking trillions and trillions of dollars here. Do you think another one is required in the immediate future . Look, we dont know because we dont know about the reopenings, right. We have an idea, a hypothesis that the reopenings are going to get things back to some sort of normality. We wont really know until august. My guess is its not going to be as good as hoped because theres a behavioral change and restriction in how people can move. In which case the stimulus comes back on to the table later in the summer, i think. I think the problem is these trillions start to add up after awhile, whether its central bank printing or government fiscal stimulus. Its not only in the u. S. , its all round the world all at the same time. Stuart when do you think the American Economy will return to something that we can recognize as normal . I think we dont get out of a recessionary growth period, i. E. , call it negative 1 or 2 year on year growth, i dont think we get out of that for at least 12 months. As would be normal in a recession. Stuart well, is then 24,000 on the dow industrial average justified by your outlook . Well, i came on two weeks ago and said look, im worried about that and i dont think it is justified. You know, i dont want to short it but i dont think theres much upside left for the time being unless we get evidence that coming back to work and the reopening of the global economies, not just the u. S. , is going to be positive enough to lift us out of recession. Stuart okay. I want to play for our audience what you had to say about bitcoin the last time you were on the show. Roll tape, please. Its all about the stresses with the monetary system, with so much printing of money by all the Central Banks around the world and the movement by Central Banks towards digital currencies, the Digital Future is looming large. I think it has a great risk reward even if it goes down 15 , it has a huge upside. Stuart i think you were talking about an upside of getting bitcoin to 1 million a coin. I think you were in that kind of territory. Have you revised your outlook for bitcoin . No. Look, bitcoin is not a shortterm play here. It is a way i think for the Younger Generation in particular to have an asset, new asset that they can invest in and the chance of it going up 50fold from here i think is reasonable, or further. So yes, over time, i still stand by that Million Dollar price target and it corrected quite sharply yesterday, but i do think the upside over time is extraordinary. Stuart stick to your guns there. One more for you. The wall street journal suggests the Federal Reserve is not going to even consider negative Interest Rates. Is that good luck. Stuart you think they are going to be forced to negative Interest Rates . Yes. Because i think the market will price it, the same as the European Market did back in 2012, it priced negative rates and 18 months later, the ecb caved in. The fed will do the same. The reason being, weve got deflation coming, falling prices and rates at zero mean essentially the real rate of all your debt goes up so it becomes expensive to pay your debt in the crisis. Thats what the fed fears the absolute most. Stuart but you are talking about a great deflation, dropping, falling prices. When a lot of people are talking about inflation, rising prices because we are printing so much money. Yes. The problem is, the cost of commodities is falling faster than the amount of money being printed. So we have a monetary debasement going on but the problem is things like the oil market, the Copper Market and all the commodities, whether its agricultural commodities, are all falling even faster. The only time we saw this really was in the 1930s. That was a debt deflation, where youve got this huge amount of debt and in real terms, your debt goes up every day. I think people are confusing the value of money and you can see the value of money rising falling against gold, as gold goes up, versus inflation driven by Commodity Prices and demand. Its just not there. Its the opposite. Stuart just think what we are saying here. If you went back three months, if you went back to january or early february, and you said that in six weeks time, we will be talking about massive deflation, negative Interest Rates in the United States, a Million Dollars for bitcoin, you would have thought you were absolutely crazy. But now, standard issue for any discussion. Its extraordinary stuff. We always like you on the show. You are very cleancut, we know what you are going to say and we like that. Thank you very much, sir. See you again soon. Thanks a lot, stuart. Stuart sure thing. A warning from goldman sachs. They are saying jet fuel demand, thats the stuff they use for airliners, may never recover from the pandemic. Whats the reasoning there, ashley . Ashley because they believe that the behavior of people around the world will change when it comes to taking up flight. 187 countries and territories right now have some sort of restriction in place because of covid19. Goldman says listen, we believe the commuting demand will come back, industrial demand, but when it comes back to jet fuel, they say that so many people, especially in Business Travel, have gotten used to using Services Like zoom, they believe the Leisure Travel will eventually come back and people will fly somewhere else for their vacation, but Business Travel may see the savings, the cost savings, of not having to fly around the world to meet with people and just do it by video conferencing, and they say because of that, they believe the demand for jet fuel will not come back, maybe never come back to the rate we saw it previrus. Interesting take. Stuart that really, it will never come back to what we used to have. My goodness me. All right, ash. By the way, later this hour, im talking to the ceo of jetblue, robin hayes is his name. What does he say about getting back to normal . I will ask him. Today, indiana easing more restrictions on businesses. This is important in the great opening up. Many restaurants and bars can now open but only at 50 capacity. Nonetheless, they are opening up. Grady trimble is live at one of those restaurants in indiana. Do they expect to fill the seats theyve got available . Reporter they are going to shoot for a little under 50 . They made a lot of changes in preparation for this. The chefs back here all have masks on. I want to move into the dining room to show you what its like in this main area. They open in about an hour for the first time in two months for dinein customers so they are very excited. You can see the tables are extremely spaced out. All of the staff in the front as well have gloves and masks on. They have even put Hand Sanitizer out. They are using plastic cups to make customers feel a little more comfortable with that. Then this is their menu. It used to be a reusable menu. Now its paper so they can toss it out at each use. The owner knows that people might be hesitant to come out to a restaurant for the first time in two months so he says this is all about easing them back into that level of comfortability. Listen. If they want plastic ware, we will give it. If they want paper napkins, we will give it. If they need us to, you know, take a few steps back, we will take a few steps back. They want to move to a different table, we can move them to a different table. We will accommodate the customers. Its not about us, ourselves. Its about the ucustomers feelig comfortable. Reporter i will tell you, stuart, we talked to several restaurants in town and just because they can open today for the first time doesnt mean they are going to. Some of them have said you know what, we dont know if people are comfortable yet, we dont know how we will go about doing things in this new normal. They will let places like this, radius, kind of be the guinea pigs for this new dining experience. Stuart well, thanks for joining us. That is a key indicator. If you open, will people come. Im dying to know the answer. Grady trimble, thank you. Disney, thousands attended shanghai disneylands reopening. The first disney park to reopen. Face masks, got to have them. Temperature screenings, social distancing, all enforced. No parades or fireworks but they turned out by the thousand to be at shanghai disney. Marriott profits dropped 92 last quarter. The virus halted travel, of course. Net income fell to 31 million compared to 375 million during the same period last year. The stock is down 5 . Apple reOpening Stores in idaho, South Carolina, alabama, alaska today. The stock is up, not much, two bucks. Theyll take it. 312 is your apple quote. Big show coming up for you including an upclose look at teslas brand new model y. This is the car elon musk is trying to build in fremont, california. If the authorities will let him get back to work there. We will show you the model y coming up for you. Happening at the white house right now, Vice President pence leads a Video Conference with governors on the virus response and the economic revival. Any headlines, we will bring them to you real fast. The tsa reporting a 91 decline in airport screenings from a year ago. What is jetblue doing to lure customers back to the skies . We have the ceo on the show. Hes shortly. We will ask him that question. And the attorney for general Michael Flynn says president obama was involved in a plot to frame the former National Security adviser. Fred pleitz joins us next to respond. Ements neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. Memory, focus, accuracy, learning, and concentration. Try neuriva for 30 days and see the difference. And people you can rely on. Im a Dell Technologies advisor. Me too. Me too. Me too. And if youre a small business, were with you. We are with you. Were with you. We want to help. 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Stuart moodys releasing a list of cities that would be most able to recover quickly from the virus. Give me the list, ashley. Ashley yeah, its all about levels of population density. Obviously new york city would not be on this list, but take a look from moodys. Among the cities that they say could be poised for the quicker recovery, austin, texas, durham, North Carolina, san jose in california, minneapolis, seattle, madison, big University Hub there, then you have des moines and omaha which of course have very spread out populations. We talked about this earlier. A viewer sent me a tweet saying its interesting because quite in a few number of those cities are bastions of liberalism. He said lets see how they can do in getting a recovery going quickly which was a good point. Stuart a very good point. Heres something i didnt really want to hear about but i know you will tell us. Weve got a survey, Small Businesses, they see a long impact from the epidemic. What have you got on that . Ashley yeah. Its interesting, it was a survey done by a Payroll Company in california and they surveyed these companies and there you have it. 81 of Small Businesses believed that they there would be a longer impact of the pandemic, at least 12 to 16 months. 65 of those small firms that took part in this survey had already applied for federal aid. Thats a good thing. The biggest problem they have, liquidity. How can they save costs. They have to furlough workers. They are doing everything they can to stay afloat. The sooner they can get those doors reopened, the sooner they can get some actual revenue coming in. Stuart got that. Ash, thank you. Now this. General Michael Flynns attorney had this to say about president obamas knowledge and involvement in the flynn case. Roll tape. The whole thing was orchestrated and set up within the fbi, clapper, brennan and in the Oval Office Meetings with president obama. Maria so you think this goes all the way up to the top, to president obama . Absolutely. Stuart does it go all the way up to the top, president obama, absolutely was the response. Fred fleitz is with us, former National Security council chief of staff. Do you believe this goes all the way up to the top . I do, stuart. Good to be here. Theres a new study revelation, an email that susan rice sent and it was a meeting on january 5th, 2017 when president obama asked her, Vice President biden, fbi director comey, Deputy Attorney general yates, whether the administration had to turn over all the information it had on russia and we know it didnt, that President Trump was never given a full briefing on what the administration was doing to investigate russia. Comey admitted he hid information on what the administration was doing Obama Administration was doing to investigate russian collusion in the election to attorney general sessions, and this is so disturbing, i mean, really, twe have a principle called peaceful transfer of power. That means an outgoing president and his Administration Fully cooperates with the new administration, turns over everything, turns over control of the government, but in this instance, barack obama apparently conspired with senior officials to withhold crucial information, crucial intelligence that the Trump Administration should have been told about and instructed career officers to continue to investigate Trump Officials after mr. Obama left office. Stuart well, does that amount to the outgoing president deliberately undermining an incoming president to reverse the last election . Does it amount to that . I think it does amount to that. We have an Outgoing Administration refusing to accept the legitimacy of the incoming president , withholding information. See, under the peaceful transfer of power, the Obama Administration was obligated to tell the Incoming Administration about all ongoing investigations, all intelligence operations, all intelligence it had collected, but withheld information on fies chsa warrann nsa collection against general flynn, it withheld all kinds of information deliberately to undermine the transition and undermine mr. Trump as president. Stuart thats putting it in perspective. Thats a serious political scandal by the sound of it. I will change courses completely for a second. I want to talk about china. The latest report is that maybe china is hacking our vaccine data. Now, thats on top of all the other stuff that we are learning about what they have been doing to us. I just want to go forward with this. At the end of the day, what do you think we will do to china, what do you think we will get out of china in recompense for what they have done to us . Its disturbing to see this report because the Trump Administration has been pressing china very hard on exploiting trade to steal technology to advance its economy, and in phase one of the trade deal that was announced earlier this year, china was supposed to crack down on doing that. Looks like it is continuing to try to steal Crucial Technology and i think china has a huge Global Public relations problem on its hands, because of a growing realization that it is guilty of criminal negligence, i think, in the way it handled this virus. This is simply more evidence that the world is going to come to that conclusion. I think the Trump Administration is going to have to use this instant to really put the pressure on china to cooperate with a full investigation of what exactly happened in wu hha. We have to have international investigate investigators, to go into the wet markets to see what happened. Stuart fred fleitz, thanks force joining us. We always appreciate it. Good to be here. Stuart i will put toyotas stock up on the screen. Reuters says toyota plans to cut north american production by about a third through the end of october. The stock is up ten cents. No real change there. Auto nation, their chief executive says march was an absolute disaster but there was a resurgence in sales at the end of april. The stock is up 2. 5 . A new security flaw could affect millions of people. Okay. Is this another one . Tell me all about it. Susan it goes to the intel thunder port thats available in millions of pcs sold before the year 2019. In the hands of an experienced hacker, all it takes is five minutes with a few hundred dollars worth of kit, screwdriver and portable hard drive and thats all it takes to basically hack into your computer, read, copy all of your data even if your drive is encrypted or your computer is locked and set to sleep. This is an evil maid attack meaning your computer is at risk either in the office or hotel room, that there has to be some physical access point in order to get this type of information in this hack to be i guess accessed. So what do you do . You increase your default settings to Higher Standards on your thunder port from intel or you can even just erase all of this off your pc. But this sounds pretty scary, doesnt it . Only a few small percentage of pcs are actually at risk. Stuart forgive me but i havent a clue what you are talking about. It was a very interesting story nonetheless. Susan i explained it very clearly. Stuart you did. Im just not a technical guy. You know that. How about this one. Teslas chief, musk, threatens to move his factory and car production out of california. The company is ushering in a brand new electric suv at that plant in california. We are going to show you that model, its called the model y. Its made in california. We are going to show you what it is and how it works after this. Stuart okay. I think had a conversation with vice premier liu he last week. We made it very clear it was our expectation that they meet their commitments. Am i confident . Its their actions but again, as i said before, we expect that china will meet their obligations and if they dont, there will be very significant impacts to them not just with the u. S. But the rest of the world. Stuart it took awhile to get the sound bite rolling but you just the gist of it. The treasury secretary taking a pretty hard line on trade with china. Citron researchs andrew left joins us. Bottom line, i dont think you trust a lot of the Chinese Companies which are quoted on americas exchanges. You dont trust them, do you . Its not that i dont trust them for my personal reason. Its been proven. The amount of fraud that comes out of china to the stock market is beyond the cooperation that china has had with the u. S. , its been a complete joke. If you remember a few months ago, there was Luckin Coffee, a coffee chain with around 4,000 stores in china, it was overstating revenue by close to 40 . Unheard of. I think that we have to be more vigilant about how we regulate the stocks in china. Theres currently a stock called g gsx, its a 10 billion company, and they are growing 300 and profitable supposedly. Everyone believes in the community, many people believe i wont say everyone its a fraud and if it wasnt a fraud, it would be the greatest Company Since google in 20012004. The point is, with such lack of transparency, in the Chinese Companies, but they come here to get listed, to take our money, Morgan Stanleys the largest shareholder and they do that and its just wrong. I think if you are one of the senators watching your show, i encourage you, call the ftc and look at gsx. Stuart have you shorted it . Im most definitely short. I think the stock like Luckin Coffee goes to zero. I think its a complete fraud. I have written multiple times on it. I have exposed more china fraud than any other publication, or right up there in the past 10, 15 years. I have never been more certain about one specific Chinese Company being a fraud than this one. Stuart outside Chinese Companies not being entirely truthful with their financial results, do you think that we as a country should really go after china as a country because of the virus and their maybe covering up the origins of the virus and what they did about it . Should we go after them . I mean, thats a big question. I dont think we should go after them at the expense of ourselves. I think we should leave that to people who have more who have more of an idea of the effect on the economy, the longterm political effect on it. I think instead of worrying about wars, we should right now worry about winning some battles. The first battle is cooperation and containing the virus with them. Also, getting a dialogue that we dont get stock fraud from them or we get mutual investments and over longer term, do we retaliate . Its probably not the best thing for a country to retaliate. Its probably best for countries to cooperate and move forward. We cant put this back in the bag. Its a tough one and im not a politician. Thank god for that one. Stuart i will drink to that. Now, let me get to tesla and elon musk. As you know, musk is threatening to leave california. What are your thoughts on that . I think musk is a wild card. So theres two things to it. As a stock, like i always told your viewers, i wouldnt buy the stock, i wouldnt short the stock, i would just watch the stock with amusement. Thats probably been the best advice until now. Obviously buying the stock would have been better but you have to have a level of comfort. As for him leaving california, i live in california. California has to become a more businessfriendly state. Maybe hes the one whos going to say it. But obviously, you know, we all know mr. Musk has a lot of bark to him and he comes with some bite. Lets see how we open up. No one make any rash decisions. We need to see how the next 60 days unfold before he says he will move his whole production plant to texas. Stuart andrew, thanks for joining us. Im short on time. We appreciate you being here. See you again real soon. Andrew left. Thank you. Two marijuana companies, Aurora Cannabis and tilray, they report their earnings later on this week. Susan, do you think their results are going to tell us how much pot people are using during the lockdown . Susan thats whats expected because at the highest of the coronavirus spread, there were three things people were hoarding, clorox wipes, toilet paper and yes, weed. Record sales for the final two weeks of march, sales went up some 25 during that period. Then according to analysis, it looks like pot buyers didnt come back until the middle of april. They hoarded up and they stocked up at the end of march, didnt come back until the middle of april and then we saw another weekly spike, up until the first friday in may. So some of these players reporting should be looking at increases when it comes to sales, especially those with storefronts in the retail branch. Stuart i think i got that one. Susan oh, come on. Dont play coy with marijuana. Stuart certainly not. Certainly not. Never. We are on dangerous ground, susan. We will move on. The nfl will play in the fall. Some teams might not play in their home states. You know, ashley, i got a feeling las vegas, nevada could be a huge Football City this year. Is that possible . Ashley yes, it is. You are absolutely right. All sorts of hypotheticals out there which the nfl, you know, the administration are not happy about. But youve got to look at these things. What if no stadiums allowed to be open at all, even with no stands in california, then you have to head east and you could have the 49ers, for instance, playing at the stadium, sharing it with the arizona cardinals. Then you have the new vegas nfl stadium that could, could also be a temporary home for the chargers and raiders out of california. By the way, there would just be one conflict. With all the schedules involved, one conflict in that scenario. You throw in the l. A. Rams, you would have four teams, vegas and three california teams, you would get 48 regular season home games under that scenario. So the leagues saying dont do that, but its kind of fun to speculate as well. Stuart it sure is. I would love to be in bellagio on the strip. That would be great. Thanks very much indeed, ash. The market is coming back a little bit. Not that bad not as bad as it was. The dow is off 150. Thats about just over a half percentage point. S p down a quarter percent. Look at the nasdaq go. I think big tech is doing well today. The nasdaq is now up 35 points. Better than. 33 . Couple of stocks ive got to mention here. First of all, lyft, bigtime down, down, down. An Investment Firm has cut their rating saying hold on to it, dont buy any more, hold it. Down 6 . Thats lyft. Do you remember this . Long security lines at the airport . You could be stretched out there for hours sometimes. We have a new report that says wait a minute, watch out for the future, because you could have to get to the airport four hours early. The checkin process, social distancing, sanitation, health checks, that could really back you up. We will talk about that and we will talk to the ceo of jetblue. They are showing off an air circulation system that they say will keep passengers healthy on board. The ceo, robin hayes, joins us momentarily. Thats how hes trying to get them back on his planes. Well be right back. music some Companies Still have hr stuck between employees and their data. Entering data. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. Stuart this is from forbes. It says air travel could require getting to the airport four hours early in the future, that is, for Health Screenings and social distancing. Lauren, i dont want to hear it but tell me more. Lauren well, this is one of the possible changes for flying during coronavirus. You have to make room for the social distancing and make time for it. That could be four hours. Also, take a look at this. You cant bring any bags in the cabin. They are going to have to have some form of sanitation. Will they go under uv light, what happens to the bags, so theyre cleaned. The lounges of the airport will be closed. Self checkin, you dont touch any of the screens. Its probably all done on your phone. Then some airports like the vienna and hong kong airport, they are also leaving time to give certain passengers coronavirus tests at the airport, plus Health Passports so documentation that shows youre clear to enter a country. All this takes time and patience. You might be asked to get there four hours early. Stuart im not known for patience, especially when im trying to get on a plane. Lauren me, either. Stuart maybe we have all learned a little patience in the lockdown. I havent. I dont think you have. But maybe some people have. All right. Lauren well, i know. A lot of people are going to say its easier and cheaper to drive. Stuart aint that the truth. All right. Im going to show you a video that shows how air circulates on a jetblue plane. See how it goes, over the top, looks like under the seat. The ceo of jetblue is robin hayes. Hes a frequent guest on the program. He joins us now. Robin, i understand you are going to move heaven and earth to get people back on your plane. Im sure you are going to have to do social distancing. You might even have to do health checks. Youve certainly got this new air circulation system. I put it to you, lets be honest here, its going to be years before you get people back on a plane the way they used to get on a plane, in the same numbers, in january and february of this year. Hi, stuart. Good morning. Im sorry i cant be over the river with you in person but its great to come on your show again. The honest answer is none of us know. This is unprecedented. What i do know is that the Airline Industry and jetblue is going to work extremely hard in giving people the confidence that we are taking a number of measures to keep them safe. So stuart robin, let me interrupt you for a second. I see some airlines saying look, we are going to keep social distancing by no middle seat. What is jetblue going to do . We have been doing that actually for awhile. We were one of the First Airlines to come out and say we would not book the middle seat. In addition, we were the First Airline in the u. S. To come out and say that if you want to change your flight, we will allow free change fees. We are sanitizing our airplanes, i think like the cockpit doors after 9 11, that will be a permanent change. We were the first u. S. Airline to ask both our crew members and customers to wear masks. So all of these things i think go together to give people a sense of safety from the ground up. Stuart what do you make of this report that maybe its going to be four hours getting to the airport before your flight . Four hours of waiting in future . What do you make of i dont know stuart you cant take a bag on the plane because its got to be sanitized . To me, the more time people are spending in an airport comingling actually, you know, reduces safety. I think for me, its how do we get people through the airport as quickly as possible, as safely as possible, with as few touches as possible, then on to the airplane. Stuart give me an example, please, of a flight on jetblue that i could book today at a huge discount. Because thats a pretty good way of getting me back on a plane. Well, i think thats a layup. You know we are known for low fares. You know, our schedule is about 10 of what we normally fly, so we are flying about 100 flights a day. We normally fly 1,000. I tell you where we are seeing quite a lot of interest. People taking advantage of future holidays, labor day, thanksgiving, the Holiday Season at the end of the year, and they are booking those early now. The prices are pretty good. Stuart could you fly me from newark to florida round trip in a rotten seat, i dont care where it is, back of the plane, i dont care, can you fly me newark to florida round trip for 300 . Well, i dont have the prices in front of me. Im sure we can. I think fares have been a lot lower than that, actually. And theres no rotten seat on jetblue. We would have a problem meeting that part of your request. Stuart i knew that would catch your attention and i shouldnt have said it in the first place. Sir, its always a pleasure having you on the show. I think you are in a difficult position but you are struggling to get out. We wish you the very best. We really do. Thanks, stuart. Stay safe. Stuart sure thing. Thank you. Carvana, the stock is down because another used car seller online, vroom, is going to file for an ipo so it will rival carvana. Carvana down nearly 2 . This is interesting. Look at this. The Theater Company amc, way up, 33 higher. Why . Because theres a report that they, amc, have been talking to amazon about a possible buyout. Amazons up to 2400. Now weve got a 34 gain on amc entertainment. Only a select few customers got their hands on teslas new model y before the california plant was actually shut down. They are trying to reopen it but its not open yet. We found one of these model ys. We will show it to you. The electric crossover goes from zero to 60 in 3. 5 seconds. My kind of speed. That man will show it to you after this. As someone with hearing loss i know what a confusing and frustrating experience getting hearing aids can be, thats why i founded lively. High quality hearing aids with all of the features you need and none of the hassle. Lively offers bluetooth connected, fda approved hearing aids delivered to your door, sold at a fraction of the price, with direct access to an audiologist whenever you need it. Better hearing has never been this easy. Try lively risk free for 100 days. Visit listenlively. Com confident financial plans, calming financial plans, complete financial plans. Theyre all possible with a cfp® professional. Find yours at letsmakeaplan. Org. Theyre all possible with a cfp® professional. Robinwithout the commission fees. So, you can start investing today wherever you are even hanging with your dog. So, what are you waiting for . Download now and get your first stock on us. Robinhood. So were working 24 7 toected maintain a reliable network, to meet your growing internet needs. Were helping customers who are experiencing Financial Difficulties stay connected. Were increasing internet speeds for low income families in our internet essentials program. And delivering selfinstall kits to your door. Nos comprometemos a mantenerte conectado. Were committed to keeping you connected. For more information on how you can stay connected, visit xfinity. Com prepare. Stuart elon musk threatens to move out, tesla production, out of california. Hes been fighting with local officials about reopening the fremont plant. Now, if he were to move, if he were to take his car production elsewhere, susan, which other states would like to have him . Susan texas, nevada, utah, georgia, they all raised their hand saying why dont you come here instead. Thats because tesla contribute about 5 billion to the california economy, supporting 51,000 jobs and suppliers and other parts of the indirect job economy. Utah, texas, georgia, nevada saying come here instead. Dont forget, nevada already has a giga factory and they paid 1. 3 billion in tax incentives to get that battery factory over there. That was 15th largest nationally and have foregone property taxes, seas tales taxes and som thats probably the allure you need to bring another tesla facility to your state. The biggest in history, you will like this, is the one that boeing signed with washington state, 8. 5 billion in total incentives. Stuart thats called real big incentive. Eight billion. I would take that. Thanks, susan. Staying on tesla. Kurt knudssen is with us. He has a closeup view of the tesla model y, which is made at the fremont plant in california. What have you got there . Reporter good morning, yeah, just north of us here, that 5. 3 million square foot facility is shut down. Alameda county is where the argument is. According to elon musk as he tweeted over the weekend, still trying to get that back open, saying that the governor here in california is letting him do it and at the center of elons frustration is this car. This is the brand new tesla model y. How did we get it . Well, a few owners were able to get them before the factory shut down. This vehicle starts at about 52,000, goes zero to 60 in about 3. 5 seconds, which is pretty incredible. Let me show you inside here, stuart. The car is simple but this is why analysts think this car is going to sell incredibly well, because its a welldesigned suv crossover. That category is super popular. This 15 inch screen, thats the dashboard. Thats the entire thing you got in this car. If you back out of this car, you see you can get a lot more space built off of this model 3 platform which is their other successful affordable model. Cargo space is pretty decent here. But honestly, this car, preorders are through the roof. However, you simply cant deliver them because theres nobody there to make them. Stuart kurt, one last detail which you missed out. Electric cars have fantastic acceleration, real pickup. Whats the pickup, the acceleration like on the model y . Reporter so dual motors inside of this, zero to 60, 3. 5 seconds. Pretty fast. Stuart that will pin you to the back of the seat. Thats a fact. Thanks very much indeed. Good stuff. All right. More varney after this. Look, this isnt my first rodeo. And let me tell you something, i wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. 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Well, that investment can give you taxfree cash just when you need it. Learn how homeowners are strategically using a reverse Mortgage Loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. Look, reverse mortgages arent for everyone but i think ive been round long enough to know whats what. Im proud to be a part of aag, i trust em, i think you can too. Trust aag for the best reverse mortgage solutions. So you can. Retire better. Stuart tomorrow, please, dont miss this. Shelley luther will be with us. Thats the lady who was jailed in dallas, texas, because she opened her salon before the authorities said you can open your salon. She wouldnt apologize for it. So the judge sent her to jail. She went to jail. Now she is free. She is on this show tomorrow. My time is absolutely up, unfortunately. But neil, sir, it is yours. Neil what is weird about it. The judge demanded the apology. Not enough to break order did o. Stuart shelley is a real american. She is on the show. Neil look at concerner of wall and broad. Were selling off a couple of competing news. Markets have been waiting the latest heightened anxiety between china and the United States but they will have to pay for some of these coronavirus lies. That is the view we are getting. That is reinforced with comments Peter Navarro made at the white house. H