Transcripts For FBC Varney Company 20240712

Fullon identity politics for the democrats. Mr. Biden now has a strong lead over the president. Hes 12 points ahead in the latest fox news poll. However, look at this. There is a huge Enthusiasm Gap and it is in mr. Trumps favor. 31 say they would vote for mr. Biden because they are enthusiastic about him. Double that number, 62 , said they were enthusiastic about President Trump. His base is clearly staying with him, obviously, and that will be into play tomorrow at his the city. They have already started to line up outside the stadium. We will take you there in just a few minutes. And we will take you to wall street and you will like it. Another rally this morning. Look at this. The dow will be up over, what, 350 points, 1. 3 . A similar gain for the s p and a 1 gain for the nasdaq composite. 10,100 on the nasdaq. Whoa. Amazon roaring ahead again today. They are clear lockdown winners. Jeff bezos is a clear lockdown winner as well. Hes by far the richest person in the world. Hes now worth 148 billion. Varney company is about to begin. Businesses are on the road to recovery and theyre doing really well. We have a lot of businesses that are doing really well. Were talking about a v shape. Almost an i shape. I is straight up and down. I talk about v shape and a lot of people disagreed with me, not everybody, but a lot of very smart wall streeters were disagreeing. Now theyre much coming pretty much coming on board saying looks like it could be a v. So a v is the thing we were shooting for and it looks like thats what weve got. Stuart the president talking about a v, thats what were shooting for, looks like thats what weve got. Thats what the president says. The market clearly likes it. Again, one more time, green across the board this morning. Bigtime gains for the dow, s p, nasdaq. How about big tech . All of them straight up again. Look at amazon go this morning, up another 31. Overall, the nasdaq, thats the home of the tech stocks, that is on pace for a sixth winning streak in a row. Look whos here this friday morning. The man with the energy, marc tepper himself. Good morning, stu. Stuart good morning, sir. You have to have a really strong stomach to buy stocks at alltime highs, dont you . Yeah, but so the old saying goes buy low, sell high. But thats hard. Its really tough to call the bottom. Quite frankly, it can also be pretty dangerous as well because a lot of the stocks that are trading near lows, they are there for a reason. Theres a lot of turbulence surrounding them. A lot of investors get spooked about buying stocks at or near alltime highs but believe it or not its actually not a danger sign. You look at a lot you mentioned the nasdaq and tech stocks. Look at a lot of these cloud stocks that have had magical runs like zoom, docusign. When you have both fundamentals and momentum on your side, thats when stocks perform the best. Over the last hundred years, stocks hit alltime highs, up 32 over the next five years, so they dont crash. Once they hit an alltime high theres a 99 chance they do it again within a year. So the odds are on your side. Maybe the saying should be buy high and sell higher. Stuart you believe that this market just wants to go up at this stage, right, marc . Overall. I would think that over the course of, you know, this, the rest of this month and july, consolidating is healthy. We go back to 2003, back to 2009, we look at those initial rallies off those major lows and we saw two to three months of consolidation. Look, dont get completely frightened if we just kind of trade sideways for the next four weeks or so. Its okay. Sometimes the market needs a breather. Then i would expect it to resume its upward trend throughout the rest of the year. Stuart please stay right there. Im going to get back to you very very shortly. Quickly, check moderna. The ceo says his vaccine will be ready for distribution in 2021. Not doing much for the stock. It is, after all, next year. Meanwhile, we are indeed seeing sharp increases in virus cases in several states. California, arizona, florida, texas. Ashley, start with california and give me the numbers, please. Ashley yeah. 4,084. Los angeles county, stu, tends to be the place where we are seeing the biggest spike. Let me talk about some of the other states as well. Florida, 3,027 new cases. Also arizona, 2,519 new cases. Look, these are the states seeing the spikes. Certainly those that opened the earliest are reporting those, which is not totally unexpected. We have seen the amount of testing increase but we have also seen the number of hospitalizations pick up, which is not related of course to testing. By the way, 84 of icu beds, thats the capacity now in arizona. Just 16 left for those icu beds. Whats more interesting i think is the conflicting messaging we are getting from the individual governors with regard to wearing a face mask. Continues to be very uneven. For instance, the Arizona Governor has announced new policies about requiring residents to wear face masks, says that has to happen. Governor ron desantis in florida says were not rolling back, society has to function, no need to wear a face mask. You can if you want to. Texas Governor Greg Abbott signed an executive order that stops local authorities from legally enforcing the wearing of face masks and then we have governor gavin newsom in california who suddenly yesterday ordered all californians to wear face coverings while in public or highrisk settings. Depending on where you live, depends on whether you need to wear a mask or not. Clearly its up to you whether you want to, if it makes you feel better, but very conflicting orders and ideas. I find that kind of, you know, its been frustrating. Stuart well, the rules are all over the place, frak frankly. Depends on where you live. The numbers, bring back mark tepper, those numbers in new cases and hospitalizations, why are you not at all concerned about those numbers . I think this whole covid flareup narrative is just way overblown. The numbers are showing a small bump higher in some of those early reopen states but overall hospitalizations are falling, overall we are testing more. It completely makes sense. If you think about it, states shut down their economies to preserve their medical facilities. We accomplished that. From my perspective, theres two things we need to Pay Attention to. The first is the reproduction rate. When its less than 1, the virus will stop spreading. It has been flat to down in nearly every single state over the course of the last two weeks. About 75 of states have an r number thats already less than 1. Ashley mentioned i believe florida and arizona. They have all seen their r numbers falling since the end of may. Then when you look at hospitalizations, they continue to fall. They have been more than cut in half from midapril. They continue to trend down. Im not concerned right now. Now, if the facts change, i certainly change my position but right now, im not worried because im looking at whats most important. Stuart neither is the market. Straight up today. Mark, thanks for joining us. See you again real soon. Im going to continue with looking at some particular stocks that are in the news. How about tesla, up again today. Looks like its going to open above 1,000 a share. Lauren, i think weve got news on texas trying to lure tesla with tax breaks, is that it . Lauren yeah. And a lot of them. By the way, 14 away from a record high. So teslas fourth factory might be in texas right outside of austin. The state is dangling 68 million in property tax breaks over ten years for the company, plus a host of incentives including those for new hires. 5,000 workers would be employed and groundbreaking is expected next quarter. So in the Third Quarter. The texas factory, by the way, would make the cybertruck but also the model y to take some of the stress off of california, but again, we are seeing potentially a California Company going to texas as they dangle the incentives. Stuart why am i not surprised. Lauren, thanks very much. Weve got news on twitter and facebook. They are both platforms and they are both taking action on content posted by the president and his campaign. Lauren, is it, or susan . Who have we got . Lauren . Lauren its me. Its me. Stuart you start with twitter, please. Lauren this is actually the second time that twitter is calling out a president ial tweet. Let me tell you what happened. They labeled the edited video as manipulated media. You will look at some of this. It shows two toddlers hugging and running away together. One child was black, the other white. It then added ominous music and a fake cnn headline that read terrified toddler runs from racist baby. The video then shows what actually happened. Its not what youre looking at here. Just them playing together, running together and the video reads america is not the problem, fake news is. Twitter says they had to slap that video with the label to give it proper context. So manipulated media after remember earlier this month, a pair of trump tweets got the factcheck labels. This is twitter going after President Trump and facebook is, too. They have actually taken down a Trump Campaign ad. This is why. They say this. We have the statement. We removed these posts and ads for violating our policy against organized hate. Our policy prohibits using a banned hate group signal to identify Political Prisoners without the context that condemns or discusses the symbol. What symbol are we talking about . An upside down triangle. Similar to the one used by nazi g germany to mark Political Prisoners in concentration camps. Thats the symbol. This is what the Trump Campaign has to say about that. The inverted triangle is a symbol used by antifa so it was included in an ad about antifa. We know that facebook still has an inverted red triangle emoji which looks exactly the same. So its curious they would target only this ad, the image is also not included in the Antidefamation League data base symbols of hate but it is ironic that it took a trump ad to force the media to implicitly concede that antifa is a hate group. So social media, twitter and facebook, facebook had been handsoff, standing up to President Trump and he does not like it. Stuart i can see that. All right. What a story. Thats complicated but its an extraordinary story right before an election. Lauren, thank you very much. Back to the futures market because its looking good. Lot of green on that screen. Up 350 for the dow industrials. President Trump Holding that big rally in tulsa, oklahoma tomorrow. As you can see, the people are lining up already. The enthusiasm is clearly there. So why is joe biden leading in the polls . We will ask the trump 2020 team that question in just a moment. You may not be able to enjoy live sports games but you can bring some of the action home with sports memoribilia. This business is absolutely booming during the lockdown. How much would you pay for a lebron james signed rookie card . Right now, the estimate is 1 million. We will have it on this show today. We will also be joined by two big names from d. C. , jim jordan and Ken Cuccinelli. Stay with us. This is the friday edition of varney company. Just getting started. Gets, the clouds eventually clear, and better days follow, and well still be here, like always. For over 168 years, massmutual has been helping people weather storms, big and small. 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Reporter youre right about that, although you may not see these people right here behind me right now. Thats because they were cleared out overnight. Tulsa putting in a curfew. Police are setting up barricades all around the bok center. We see the police pretty much everywhere getting things ready for tomorrow night. There are still a lot of questions about what things will look like in a rally in the time of coronavirus. Late thursday, the Trump Campaign says they got a letter from the arena saying they wanted more information about what things were going to be looking like for tomorrow night in terms of how they were going to handle the crowd and keep everybody safe. The Trump Campaign says they are taking those Health Concerns seriously and that they plan to do temperature checks, provide masks and Hand Sanitizer. We also got a statement from the campaign. They say this will be a trump rally which means a big boisterous exciting crowd. We dont recall the media sharing im sorry, shaming demonstrators about social distancing. In fact, the media were cheering them on. Local Health Officials on the ground here in oklahoma say they are concerned about what can happen within the next 24 to 48 hours and they offered this direct warning earlier this week. Anyone trying to attend a large scale gathering will face an increased risk of becoming infected with covid19. Also, i want to be clear. We support everyones rights as americans to assemble. Reporter the campaign also putting out this disclaimer, saying you are acknowledging an inherent risk of exposure to covid19 exists in any public place where people are present. By attending the rally, you and any guests voluntarily assume all risks related to exposure to covid19. Meaning supporters who show up here tomorrow night will not be able to stew tue the president , campaign or the venue if they are exposed. Still a lot of concerns about what may happen between now and then. As i mentioned, the crowds not here right here behind me, they are a few blocks back as police set up the barricades and get ready for this rally, the first since early march. Stuart Mark Meredith, thanks very much. We will get back to you later. Thank you. Trump supporters as you saw lining up by the thousands but take a look at this poll. From fox news. Joe biden widening his lead over the president. Hes now 12 points up. He was just eight points up last month. Erin perrine is with us, trump 2020 Deputy Communications director. You cant just dismiss these polls. Joe biden has got a big big double digit lead there. What do you say about it . National polls are really not a strong indicator, especially when it comes to battleground states, and i would ask you how the National Polls worked in 2016 and who the eventual winner was because the president of the United States is donald j. Trump and if i was a democrat i would continue to be concerned about the lack of enthusiasm for joe biden and his candidacy. We have thousands of people already lined up excited to see President Trump here in tulsa. Joe biden has a huge Enthusiasm Gap issue, especially with latino and black americans. If i was national democrats, i would be paying a bit more attention to my own candidate. Stuart got that. Now you are hearing theres a lot of people in the venue tomorrow night. Thats guaranteed. Its indoors. The left is going to attack you for being reckless about peoples health. What about that . We are taking safety precautions very seriously, as the president does and as the campaign. That means that we are doing temperature checks, we are providing masks and we are providing Hand Sanitizer to every rally goer. I dont see the media talking about whether or not there have been masks available at any of the protests across this country. There have not been temperature checks. We take this seriously. We are making sure our rally goers are as safe as people. We will have a packed raucous arena as President Trump gets back on the road to win again in 2020. Stuart you just used the word packed. You are going to have a packed rally. Youre not going to be keeping social distance in a packed rally, are you . We are going to be putting the health and safety first and we are putting safety precautions in place for rally goers. You see packed protests all across the country and the media not being breathless with outrage over whether or not those are socially distant. We are actually taking precautions that you dont see anywhere else to make this as safe a rally as possible and we are excited to be back on the road. Stuart we got it. Very last one. Your reaction to facebook pulling the Trump Campaign ad. Facebook has a few questions to answer of their own on this. They actually had that red triangle as an emoji available on their website. We used it in an ad in context towards antifa who also uses that. We were talking about antifa and thats the context for this. That is a red triangle that is used on the stock market, it is used on apple emojis, it is used on facebook, it is used on twitter. We are glad to see the Antidefamation League has stepped up to now say that antifa is a discriminatory organization and we here on the campaign know that that red triangle is a symbol we used in that ad and we want to know if facebook is going to take it down as well from their emojis and apple. Stuart thanks for joining us, erin. See you again later. Okay. All right. Ive got the latest for you out of portland, oregon and seattle as well. First of all, portland. Protesters set a flag on fire. It covered a George Washington statue and they set it on fire. Theres the video. Police quickly stamped out the autonomous zone that they tried to create in portland overnight, right outside the mayors house. Lasted for about an hour. Then the police got rid of it. No zone in portland at this moment. In seattle, business after business boarded up in that chop zone and the chop continues. City and state officials taking no action against it. Now listen to business owners. They have had enough of this. Roll tape. This is what seattle looks like. This is what people dont see when they go up to chop. Downtown has been decimated. All you see is plywood, particle board, Stores Opened up and theres no theres no chance that this town will soon come alive again. The mayor sends more particle boards and art supplies to the people up on chaz. I call it jennys kids need stuff to do. Thats what the craziness thats happening here. Stuart strong stuff there from a seattle Small Business owner. Hes all but lost hope that the authorities can do anything about his tough business situation in that zone. All right. We are going to take a break. I will show you whats going to happen on the market first. We are going to take you to the opening bell on wall street. You will see that market go straight up. The dow will be up very close to 400 points. Stay there, please. Im searching for info on options trading, and look, it feels like im just wasting time. Thats why Td Ameritrade designed a firstofitskind, personalized education center. Oh. Their awardwinning content is tailored to fit your investing goals and interests. And it learns with you, so as you become smarter, so do its recommendations. So its like my streaming service. Well except now youre binge learning. See how you can become a smarter investor with a personalized education from Td Ameritrade. Visit tdameritrade. Com learn tums ver bell rings la stick visit tdameritrade. Com learn when heartburn hits fight back fast. With tums chewy bites. Beat heartburn fast tums chewy bites wherever you may go, lexus will welcome you back with exceptional offers on exceptional vehicles. 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Up this morning in a generally up market. Im more interested in apple. Looks like its going to hit yet another record high. Currently, premarket, its at 356. 93. I think thats real close to record territory, if not record territory itself. Then weve got this from china. They held a big online holiday, 618, i think its called. Alibaba, jd. Com did very well. Lauren, tell me how well they did. Lauren 136. 5 million in online sales for alibaba and jd. Com, not just on june 18 lieutenath,s yesterday, but the entire period of june 1st to june 18th. Its like a shopping festival. If you compare that to singles day which is one day, its more than double. Why is this positive . Because the Chinese Consumer after the coronavirus is coming back strong even if its online. Stuart yes, they are. 138 billion . Yeah. 136. 5 billion in the 18 days from june to june 18th. That is spectacular. All right. Weve got 45 seconds to go before that opening bell starts to ring. Already, i see futures moving up a bit more. Literally 60 seconds ago, futures showed a gain of 370. Now its 430 points. 1. 6 . Youre looking at a similar gain for the s p and a pretty good gain for the nasdaq composite, up 1. 28 . Ive got a pretty good call that you are going to see some record highs for the big techs when this market opens. Here you go. In about three seconds, the bell starts to ring. Thank you. There you go. They ring it ten seconds before the start of trading. That means youve got about five seconds to go. You are going to see some green. This will be a really remarkable friday morning performance. Yes, it is. Right from the start, without all the dow 30 open, we are up 371, 337, 26,400 is the level. Now all the dow 30 have opened and all of them are in the green. All of them are up. 1. 25 up for the dow. The s p 500, im sure its a very similar story there. That indicator is also up over 1. 1 . The nasdaq composite, im interested because i want to see what the techs are doing, thats up about 1 . 10,039. Thats on the nasdaq right now. We just opened up. The airlines, quickly go through those. They are all over the place. On an up market day like this, all of them are up. As for the cruise lines, again, all over the place. In an up market, all of them are up today. Now, heres what i want to see. Big tech. Its been leading this market for years and its leading it again. Will you look now at microsoft . 198. 55. Thats an alltime high, pretty sure. Its an alltime high for amazon as well. 2375 a share. Alltime high for apple at 355. They are powering ahead. Facebooks up at 236. Google at 1,438 per share. Now, among the dow 30, which are the biggest winners . We have them on the screen. Dow inc. , chevron, exxon, boeing and american express. Look at chevron, up there, exxons up there. I believe oil hit 40 a barrel this morning. Thats an indicator of future economic strength. Up go the energy stocks. I do want to get back to amazon. This stock is now in record territory. What a run its been, ash. Take me through it. Ashley yeah, it really has. It closed last night at 2653, which we are already nearly 20 bucks higher now. The intraday high is 2772. Thats the alltime intraday high. We are approaching that closely. But any gain today at the close will be another record close for amazon. Its been remarkable. Quarter to date they are up 36 . The stock year to date, amazon is up 43 . Clearly a winner of the pandemic lockdown, no doubt about that. You mentioned at the top of the show jeff bezos, founder and ceo, he has just over 11 of the stock so given this price right now, its probably closer now to 150 billion. Not bad. Stuart im laughing because that number, hard to get your arms around that for one individual person. 2676 on amazon as we speak. Jetblue, lauren, im going to call this a positive sign. Adding more routes for summer . Lauren yeah. Im thinking where jeff bezos goes on vacation because jetblue is adding 30 new routes to possibly places people go on vacation. Nantucket, marthas vineyard, puerto rico. They are actually taking aircraft that have been grounded, that have been out of service, and bringing them back in to meet demand. They are talking about more hthn half of their prepandemic capacity. Stuart im laughing because im just trying to imagine jeff bezos sitting in a jetblue seat when hes got a fleet of planes of his own. I digress. Lauren he will buy the airline. Stuart he could, too, several times over. I want to move to mcdonalds because extraordinary news there. They are hiring, they are on a massive hiring spree. Give me the number on that, ash. Ashley yeah. 260,000 positions need to be filled. This of course as restaurants start to reopen. By this summer, thats the number they are shooting for. They also announced they are going to enact 50 new Safety Measures for these reopened restaurants. Wellness and temperature checks, social distance iing, floor stickers, they will be everywhere within the restaurants and protective barriers at order points. There you go. Taking safety very obviously very seriously but 260,000 jobs. It helps to get more people back in work which as we know, there are millions that are out there who are not working. Stuart its a huge number. All right, ash, thanks very much. Take a look at the big board. We are up over 300 points. I just want to point out that microsoft is now at 198. 90. That makes that stock worth officially 1. 5 trillion. I think thats the most valuable company in these here United States. Another indicator for you, the tenyear treasury yield moving up. Thats a pretty good sign for stocks. 72 . The price of gold, probably down. Im not sure. Its up 11 bucks at 1742. You never know. Show me bitcoin. Havent quoted that for a long time. Still around 9,000 per coin. Now, i want the price of oil, because thats important. Yep, 40 a barrel. Thats a significant idea that we are going to expand the economy quite rapidly. Demand for gas, demand for oil on the upside. 40 bucks a barrel as we speak. This may be a positive story as well. Amc theaters, theyve got a plan to open their theaters again but lauren, i think the ceos getting some backlash. Why is that . Lauren he is. So he essentially said you do not have to wear a mask in one of the theaters when they reopen july 15th. If okay. So if this state or city where that theater is requires a mask, then you should wear a mask, but they are not going to require it. They will sell masks for 1. All their workers will wear a mask but you dont have to. Thats what he said. A lot of people dont like it. The stock is up almost 8 . Thats because the company says that 450 of their theaters will open july 15th so in time for the big blockbusters that are expected, mulan being one of them. They will start with 30 capacity and every other row will be blocked. Stuart its going to be very interesting to see how many people will go to the movies when you dont necessarily have to wear a mask at an amc theater, how many will they actually pack in . I use that word advisedly. The stock up 7 . Now, a positive test for the virus from a casino worker at bellagio in las vegas. Thats important. What is bellagio doing about it, ash . Ashley this is not the casino, stu. We are talking about a restaurant that bellagio operates called the Mayfair Supper Club. Rather sniffsniff, rather nice restaurant, but it is now closed because a kitchen worker tested positive for the virus so the restaurant is now closed. It will be thoroughly sanitized. No word on when the restaurant will reopen. By the way, they are now trying to do all that contact tracing, who may have come in contact with this person, and they will be notified. That kind of highlights the difficulty of all of this. Its very difficult to stop the virus from spreading. Who knows where the worker may have come in contact with it but it has the impact of shutting down the restaurant entirely. By the way, bellagio is owned by the Blackstone Group which i didnt know but is run by mgm. The Mayfair Supper Club closed for now. Stuart breaks my heart. All right, thanks, ash. Thank you, everyone. Going to look at the market overall this friday morning. Thats a rally. 326 points higher, 1. 25 . We are now above 26,400. Weve got a big show for you. Jim jordan joining us in our next hour. Hes really fired up about censorship of conservatives on social media. Plus Amy Klobuchar says she should not be joe bidens Vice President ial running mate. It should be quote, a woman of color. Tammy bruce on that at the top of the next hour. Its identity politics. What does tammy have to say about that. Next, though, one of our top stock pickers, hes been right on amazon and wynn, among others. He now says spotify, thats the next one to own. They just signed Kim Kardashian to a podcast deal. Wait until you hear how high this stock picker thinks spotify is going to go. Hes next. Hi, im bob harper, and i recently had a heart attack. It changed my life. But im a survivor. After my heart attack, my doctor prescribed brilinta. Its for people who have been hospitalized for a heart attack. Brilinta is taken with a lowdose aspirin. No more than 100 milligrams as it affects how well brilinta works. Brilinta helps keep platelets from sticking together and forming a clot. In a clinical study, brilinta worked better than plavix. Brilinta reduced the chance of having another heart attack. Or dying from one. Dont stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. Brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. Dont take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. Slow heart rhythm has been reported. Tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. If you recently had a heart attack, ask your doctor if brilinta is right for you. My heart is worth brilinta. If you cant afford your medication, astrazeneca may be able to help. Stuart look, this is a positive day of trading. We are still up, but 250 points higher. By the way, the nasdaq is on track for another record close. Green all over the place. Got to see apple and microsoft. Both of them hitting alltime highs. Apple, 356. Microsoft, 198. Take another look at amazon. That, too, is on track for a record closing level, 2679 a share right now. Im going to put on your screens cashless payment companies. These are Digital Payment platforms and they absolutely took off during the pandemic. Give me the numbers, please, lauren. Lauren yeah. Were talking about squared cash app, paypal and venmo. They are now being used like banks are used. For instance, all these people getting their stimulus checks, they are direct depositing them into venmo, into paypal, into square cash app. Thats a whole different platform for these companies which used to be used to pay your friends or Something Like that. Now they are being used like banks. Investors and analysts see a lot of opportunity there. Theres one projection that says the digital wallet space by 2024 will have 220 million users. This is another source of competition for the banks. Stuart ive really got to get on board with this stuff, havent i . I really really do. Lauren thats what i said when i read this. I dont use these services. Stuart im going to have to. Thats the way it is. Lauren, thank you. I will put five retailers up on the screen. Our next guest picked all of them, this was way back before the pandemic, and all of them have done well. Retail watcher Kristin Bentz is with us. You can take your victory lap. You did well with those five. Our audience wants to know what you like going forward. I believe, start with ross stores, you like it. Wheres it going . Well, heres the thing. With all of these retailers that will go bankrupt, we talked about that the last time i was with you, all of that inventory has to go somewhere. So with macys, jc penney, j. Crew, all these Companies Going under, that inventory will go to ross and tj. Essentially they will become dumping grounds for all the large middle market retailers and those are stocks to watch that could be beneficial both to them and to the consumer. Stuart okay. So they will benefit from the difficulties of other Bigger Stores where they will unload those stuff to those two companies. Okay. Another one is etsy. You like that. Wheres it going . Okay. This is another consumer play, with all of these folks that unfortunately have been laid off or at home, a lot of people are seeking an extra source of income. You are going to see a lot of thrifting. You will see a lot of upcycling. Thats a fancy term for what do i have in my closet that i can sell for profit or what can i make and put online and make a profit from. Stuart okay. You like ross, tjx and etsy. You did well with your previous five. I hope you do well with these three, because we will come back and check on it. Hows that . I will be here. Stuart i know you will. Thanks very much indeed. Glad to see you again. Come back soon. Thanks so much for having me. Stuart now, this is a winners block, basically. Take a look at spotify. They have been real winners in the lockdown. Our next guest thinks that stock can double, repeat, double in the next 18 months. Gregg smith with evolution vc partners is the man who says it can double. Make your case. Thats a huge gain in 18 months, gregg. Good morning, stuart. Happy friday. Look, i have been a bull on spotify and i think theres four reasons why the stock can double in the next 18 months. We are really only in the second inning of music streaming, and i think that we could see spotify become an addition to the fang index. It was more than 40 years ago bill gates told the world he wanted to put a computer in every home, on every desk and it really was until 2007 that steve jobs democratized that vision by giving the world the iphone and putting a computer in everybodys pocket. But today, if you look around the street, i think the real killer apps are the earbud products. If you walk around, you will see more and more people listening to music. I think greater purchase and greater use of the apple product is driving higher engagement, higher listening of spotify. The next would be podcasts. Look at whats happening with podcasts. You have more and more people listening to podcasts. Stuart thats true. Okay. Wait a second. Let me jump in here. Do you think that spotify at 239 a share right now is a better investment than netflix at around, i think its around 400 right now . Look, i do. Netflix has 183 million subscribers. Spotify is touching 250 million subscribers around the world. Given 130 million of those are what would be considered premium subscribers. Again, i think there are so many things working in their favor. Spotify, i think they are finally having an epiphany moment and people will finally realize their connection to people around the world. Stuart real fast, could you now call or at some point in the future, are you going to call spotify a new big tech . I will. I think, look, if they can jump the shark and in this case, not using it in the pejorative term, i think if they could ever get into video, look, they could become similar to the netflix. I think they would act more like park ranger than gate keeper like netflix does. I dont know about you but i tune into netflix, i cant really find anything to watch. I think spotify, they are really building an ecosystem for consumers. They really understand what Consumers Want to watch. They understand their cohorts and thats really going to help them with their ad buying. I really see connected cars, driving greater usage. I see airpods as well as potential video in the future. I really think stuart so if you are not careful, you are going to be back real soon to see if spotify does indeed start to double in the next 18 months. Gregg smith, good stuff. Thanks for joining us, sir. See you again soon. Next, i will deal with the triple crown, which kicks off tomorrow with the Belmont Stakes. Its the first race this year, not the last in the triple crown as it usually is. And its happening without fans. We are going to get a firsthand look at what the return of live sports looks like after this. Now is the time for a new bath from bath fitter. 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The Belmont Stakes, kristina is waiting to go on the air here, let me tell them, the Belmont Stakes usually gets 100,000 people to watch. Not this year. Kristina, you are at the track. Give me a preview of the race with no fans. Reporter right. Not this year, no fans. Its completely empty except for a few of us that are hanging around. But this is an iconic event thats going to be happening here on this exact track. The horses are actually warming up right now. Of course, this is live tv. Theyre not running by like i wanted them to. But lets talk about the breakdown, how everything is different this year with the triple crown. Youve got the Belmont Stakes that is this saturday, then you have the Kentucky Derby that is postponed until september and then you have the preakness that will be in october. So a lot of changes for this. This comes at a time where you mentioned Sports Betting, really big deal and there hasnt been any well, 2020 has been out of whack for sports events, we know that, but now with this horse race, its definitely going to be on the radar for a lot of online gamblers. The Supreme Court lifted the ban on Sports Betting back in 2018 and thats why 18 states have already gone ahead and legalized Sports Betting with many more states looking at improving and enacting that legislation. We know sports gaming, the industry is massive. We can also take a look at some of the stocks that have been trading quite positively since april, Even Penn National Gaming announced that 70 of their operations are working right now so they are trying to get that recovery going. And theres even one stat from the American Gaming Association that says roughly almost 4 in 10 americans are either sports betters or potential sports betters. Since we are talking about gambling, theres Something Else you can do thats a little bit different with the Belmont Stakes. You can own a little piece of the pie. Thats max player. Max player is a triple crown contender, has 50 1 odds. You can invest 100 and own a little piece of that horse. Yes, its a new thing that theyre doing. It will be the first female trainer as well. Potentially that could be soon, too. As you can see here, races are starting off. They are doing events at 1 15 p. M. Its empty, though. But we will be watching from maybe behind a tv screen or computer screen. This is what sports betters and fans alike want. Back to you. Stuart good stuff. Kristina, thank you very much indeed. All good. Now, what have we got coming up for you . Ill tell you. Weve got the my take on the state of play in this election. I say the president is running on the economy. Joe biden is running on identity. The second hour of varney moments away. They line up by the thousands. Each one suffering with a story that breaks your heart. Like ravette, who needed help, because every step brought her pain. Their only hope is a ship unlike any other. Mercy ships. The largest floating civilian hospital in the world to bring free surgeries and care to people who have no other hope. Only 62 cents a day. 19 a month will help provide urgently needed surgery for the worlds forgotten poor. If you have ever wondered how can i, just one person, make a difference . This is your answer. So many are still suffering. So dont wait. Call the number on your screen call or donate now at mercyships. Org it is a rally but not as strong as i thought it might be, the dow is up 190 points, we will take it. But more to the point, we have a strong day for the nasdaq, also you more about that in a Second Period we have green acrosstheboard this friday morning. Amazon, on track for another record high close, clearly a lockdown winner, powering ahead up another 23 bucks, 2677 right now. Check the other big names, the big tech names, earlier apple and microsoft hit new alltime highs, there still up there, microsoft just topped 199 a moment ago backed off a little but still off to bucks. Apple is up 355. How about that. Now this Amy Klobuchar has dropped out of the contest to be joe bidens running mate, she thinks he should choose a woman of color, that means the democrats are still firmly attached to identity politics. Race and gender will determine mr. Bidens pick. He is making sure that a black woman is very wellpositioned to eventually occupy the oval office, like Hillary Clinton, joe biden is making his appeal based on who is on the democrat ticket rather than what policies that ticket will pursue. At the moment, the polls show a winning strategy, even without giving a press conference in 11 weeks and making a series of guests. Joe biden has a strong pulling lead. Hold on, look at this. There is a vast Enthusiasm Gap, mr. Trumps favor by the way, the newly released fox poll shows 31 vote for mr. Biden for enthusiasm for the candidate. It is double that, 62 for the president. Mr. Trump has clearly satisfies his base, we will see that tomorrow when he holds his first big rally in months, the base will be out there in force, they are already lining up, he will fill the 18000 seat stadium in tosa and there will be at thousands outside too. Joe biden cannot bring in the crowds, mr. Trump can. Mr. Trump is running on his enthusiastic base in the strengthening economy. Thats a powerful combination. Mr. Biden is running on identity and the less intent dislike of this president. This is not a forecast of who wins in november, its nearly a statement of the current state of play in the election. By the way it reminds me of 2016 when hillary ran on who she was and donald trump ran on what he would do. 137 days to the election and tammy bruce is with us this morning. What do you think tammy, are the democrats repeating the mistake, the politics of 2016 . Its what theyre made of, and yes they are because this is what they represent. This is the other sad thing for them and americans in general. Americans go out to vote for something, that is always the case, the democrats are relying on because of the enthusiasm that you mentioned, there relying on fear which is the other significant motivator for all of us. And yet its the enthusiasm when youre dealing with politics about whats possible in our lives, the democrats are working very hard as we look at the news and what they cover and certainly whats going on in particular and blue cities, this is for their own base as well as trying to deal with independence is the idea will i very much like the domestic battery and situation, if you do what we say, all of this will stop, if you behave as we want, if you vote for us, if you let us take control, this pain will end, americans do not like that, i do not like that, women do not like that. We understand whats going on so you have the trump enthusiasm based which is based on what will happen in the future, what is going to be a good thing that will allow my future to look great, the democrats are relying on people voting on wanting to make the pain stop that the democrats and their allies seem to be implementing onto them. Thats an interesting split but i want to refer you back to the fox news poll that shows 52 of women would vote for joe biden if they were have the vote today, 33 say they would vote for mr. Trump if they had to vote today. I think the problem i think the president has a problem with when it entered women voters. They say that he has, we know he did well in 2016, this is something hes aware of and were all aware of and it comes down to the issue, it is the policy and healthcare, it is about crime and violence but its also for all of us, the economy, women still handle the economy and the budget of their own single household, they know whats happened in the last three years and how all of their lives hurt their lives, her life, their husband lives, their childrens lives and their friends lives got better. We know thats an issue but we know that polling in biden by hiding in his basement, what you do, we sell this with Bernie Sanders as well, theyre not confronted on anything, people have not heard from joe biden on these issues, what he would do about the economy, any of that and he will try to avoid debates. Mark my word, he will try to avoid debates. The president faces every day, americans see that in the economy as we see on your program and all through fox business is returning, the rally tomorrow is going to be remarkable, they tried to stop that because they know that is also an horrible for the left, they know the rally uplifts people and optimistic and thats what they have been trying to stop. Stuart what an interesting situation, if you want to be in the news profession, whatever you like, 2020 is your year. Tammy bruce, thank you for being with us. See you soon. Were holding onto the rally, we are up 200 points for the dow industrial, left on the screen the stock is up, anc, the Movie Theater people will reopen 450 theaters next month. Plus getting a lot of backlash because the ceo is not going to require people going to the movies at amc theaters to wear a mask. The ceo says we did not want to be drawn into a political controversy, we thought it might be counterproductive if we forced mask wearing on those people who believe strongly that it is not necessarily. I want to bring on jonathan hoenig. But your libertarian, personal freedom kind of guy, what do you think about the backlash against amc because they wont make you wear a mask. They are right, its not about politics, its about principles, the principles and freedom, there shouldve never been the lockdowns for weeks and weeks countrywide. Its still a free country and that means when you have the freedom to make their own choices and accept the consequences about whatever risks that they want to take. The truth is im not a medical expert and we know everyones risk is not equal in people who are older and have preexisting conditions, im a juvenile diabetic so i have preexisting conditions, people have to take whatever risks theyre willing to take and the issue is his property right, this is a private establishment and its when their house, they set the rules, what youll find, youre gonna see creative businesses try to adapt, maybe there is a market for mass streaming, and that require mask, these crated businesses will adapt and figure it out. All you need is a principle of freedom. Thats what shouldve guided us from the getgo. And for me, just to make it easy, i wear two masks at home and i take one off when i go out and i feel like its winter. You can be creative and find a way to figure it out. Stuart thats very interesting. A quick note for the viewers, that in the ceo of amc will be on with liz claman with fox business at 3 00 p. M. Eastern. Jonathan, i know you, as a guy who invested interesting vehicles and you brought to today. First of all you are telling us about customary, im not sure the pronunciation, its a shipping company and you like it. Shipping has not been doing very well recently. Not at all. Its a difficult time in the market, there is a lot of cross current stuff. By the time that is coming back, still a lot of stimulus you dont want to run from the heels but you want to find the off the radar screen ideas that arent found in the major indexes, the shipping industry has been completely decimated but as global trade picks up a little bit, what we see is the shipping rates start to pick up a little bit. We only want to do our own diligence but stocks like this, small cap stocks that have had in years, thats where i would put new money to work in this market. Cmr e shipping, United States gasoline you ga, will watch it. Jonathan thank you very much indeed. Stuart doordash gearing up to go public, good time to do that, whats it going to be valued at . It is door delivery, 16 billion which is 4 billion more than last year. Of course there arriving on the pandemic momentum that i feel is expected, so much competition is faced, postmates, grub hub and just eat take away, heres the issue, businesses popular but profitability is the . I think thats what investors will say if we get a doordash ipo. Stuart 16 billion is a great deal. Thank you. They are getting ready for the big rally in tolson tomorrow. However, the state of oklahoma has just recorded hundreds of new righ virus cases, i want tow what theyre going to do about this with the rally. Well deal with that in the next hour as well. Twitter has been caught limiting the visibility of several republicans post, its called shadow banning. Its happened ohio congressman jim jordan before andy fired up about it. Hes on the show later as well. Many companies observing juneteenth today, it marks the emancipation of the slaves in the United States, should it become a federal holiday . Why ask that question in deal with it next. Hey you, yeah you. I opened a sofi money account and it was the first time that i realized i could be earning interest back on my money. I just discovered sofi, and im an investor with a diversified portfolio. Who am i . i refinanced my Student Loans with sofi because of their low interest rates. Thanks sofi for helping us get our money right. Wherever you make go, lexus will welcome you back with exceptional offers. Get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. Experience amazing at your lexus dealer. And let me tell you something, rodeo. 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The Federal Reserve president making a very pessimistic speech right now on the economy, he says hes revising the Economic Forecast down, he said now he believes Unemployment Rate will be in doubledigit by the end of the year, the dire prediction of gdp decreasing 6. 5 is too optimistic, he said yes, the employment or on employment numbers did drop in may but they were artificially inflated by an air and he believes the economy may be opening up too quickly saying this, so far in the United States, efforts to contain the virus have not been particular successful, with more cases for other countries. The second wave in the spanish flu, the asian flu also h1n1 as a more severe for the economy, hes worried about that with covid19. For all of these reasons, he says more fiscal and Monetary Policy stimulus is needed in one of the more hawkish members of the Federal Reserve, on the main Street Lending facility which his fed is running, he says there steady stream of interest with 200 banks signed up to give out those loans. Stuart thank you very much indeed. I want to point out, as we look at the market we are still up 200 points. Eric is not a Voting Member of the Federal Reserve although he did issue the forecast, he has downgraded his Economic Forecast. He does not appear to have had any impact on the market. His remarks we cannot report them until 1015, we just heard what he has to say from edward lawrence, no impact on the market, were still up 200 points. How about Carnival Cruise line, we give them a lot of coverage recently. They lost 4. 4 billion during the pandemic ashley, what are they going to do now. They need to raise cash, your bonds now, they say they can sell six ships to keep afloat, he to use that expression, i was trained to figure out how much is a cruise ship worth, apparently new anywhere from 500000000 1 billion. That will bring them into money they used, not new but nevertheless the burning through 250 million a month but not going anywhere, they hope to resume some operation in late summer and by the way their 21000 employees still tracked on their ships, can you believe that, they hope to have a more by the end of this month, over these employees are lounging around by the luxury suites but all cruises are suspended in mid march, they have been hammered with schoo they own brand such s piano and Princess Cruises in the pen applying, a lot of familiar names to sell the ships just to keep the money coming in before they begin their cruising speed when i cannot imagine who is going to buy cruise ship at a market like this one. They offered booking for later in the year or next or, 50 or more in the passenger said i want my cash back. Stuart the stock is up. Thank you asked. Today is juneteenth, the day we commemorate the end of slavery in the United States, june 19, 1865, lets bring in rob smith, the usa spokesperson, i will be a straightforward question, should juneteenth become a National Holiday. I believe so in the words of the amazing senator tim scott who gave an impassioned speech earlier this week juneteenth is about freedom, dignity and the end of a terrible chapter in our nations history, the reason why i believe it should be a National Holiday is because i think we should recognize the original sin of slavery but also realize how far we have come, there is a move on the left to erase history, you see it when people are taking down confederate statues, you see it when people are afraid to say George Washington in school and you see it when people are erasing imagery like aunt jemima off the pancakes. My question to that, i am against all of those things, what are we adding to the conversation when it comes to American History, i think making juneteenth a National Holiday would add something to the conversation so we can get a holistic view of American History, i believe those confederate statues should stay up and we should recognize juneteenth is a National Holiday, we have to start realizing the good and the bad in our country dealing with all and making sure that history does not get lost. Stuart i imagine when you say things like the confederate statues should stay up you get a lot of slack for that dont you . I get a lot of slack for that, ill tell you what we have a problem with education in this country. I am the child of a very poor public school, there is so many things i did not learn until i became an adult and started reading and exposing myself to information i feel like theres a lack of education in this country. I believe that those statues should stay up so that we realize the Historical Context of what happened in some of the brutality that existed in these moments in American History, like i said what should be added to the statues, was he a statue of harriet tubman, alexia statue of these amazing black leaders that came across in that time of history as well. Stuart i want to throw this out you, the new fox poll says joe biden will get 86 of the african about, President Trump only get 6 . What do you make of all of that. Hit is unfortunate, i dont really believe the polling, the thing about joe biden, he is not an exciting candidate, he does not make anybody excited on the left and the reason you have seen over the past month that the left has basically weaponize black lives matter entered into a leftist Political Organization is because joe biden is doddering joe biden, he is not exciting, he is boring, he barely remembers where he is half of the time and this is not an exciting candidate for people. Let me tell you on the Biggest Issue i believe affects africanamericans, school choice, prison reform, things like that, he is wrong on all those issues. Somebody who absolutely helped to write the 1994 crime bill and put so many africanamericans in jail, for him to be seen as a valuable candidate by africanamericans, when President Trump fin signed the t act in law which is the first major step into making a better for africanamericans in the criminal justice system, i think its a bad move and i dont believe the polling. The other day you tweeted this, my best friend of 15 years just dump me because i criticize black lives matter. That really speaks to the toxicity if i can put it like that of politics today. You lost a good friend because of politics, that tells you something about the cancel culture. It does tell you something about cancel culture. As a rule on twitter, this is my best friend of 15 years and somebody i thought would be my friend forever. Its unfortunate when i shared social media, i read the stories of so many people and im talking thousands of people that said i lost lifelong friendships, family members, they had parents cut them off and it is really, really unfortunate and it speaks to the toxicity of this moment and ill tell you we have to find a way as americans to come together to despite our political belief and stop letting politics divide us in this way. Stuart we have to be able to speak freely. You have to be able to speak freely and exercise your right of free speech on a totally equal basis, and like human beings and not be afraid to offend, not be afraid to be overly sensitive about the other person. We just have to talk to each other, what is wrong with that. There is nothing wrong with it at all, im an advocate for more speech and not less. We have to learn to talk to each other, the issue with the left and the issue with how they go about any sort of disagreement is its canceled, move on, that is it. It is toxic, we really have to move past that, i just found out personally and i write my book when i come up as a republican two years ago i lost a lot of acquaintances but this is the first true lifelong friend that i have lost because of politics in it really does hurt my heart. I dont want to see this happen to our country, i dont want peoples friendships and relationships and marriages and relationships with family members to be ended over politics, we have to find a better way to speak to one another and im in a process of building something where i hope the people that follow me can come into the platform that im creating and have real conversations with each other. Stuart your book is called always a soldier, i believe it comes out next month and if you send me a free copy, i will be a reader of that book. I will absolutely do that. Stuart ill read it anyway. You are all right we appreciate you being on the show. See you again soon, thank you very much. Truck drivers calling for more gun rights because of all the protest and because of the pandemic. We will tell you exactly what theyre asking for in a moment. Nearly 60 of gen z and millennials, people in their 30s as a point, they say they will vote for joe biden and a new fox poll. Where is the president going wrong with that group, alaska millennial next. Yeah yyeah yeah hey, hey and its bigger than selling cars. Were here to build for the people who build and shape this country. Who work hard. Who do right by others. Who never give in. Theres always some new challenge trying to take us out. To shake our resolve. And if youre out there fighting through it, we know 260,000 people who have your back. And i recently had a heart attack. It changed my life. But im a survivor. After my heart attack, my doctor prescribed brilinta. Its for people who have been hospitalized for a heart attack. Brilinta is taken with a lowdose aspirin. 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Stuart were playing that song because sunday is fathers day, keeping our tradition, the data to been there for the members of the team who put the show together. First up justin and his daughter penelope. Then and now by the way. Stephanie and her father paul, welcome to the show. Linda and her dad, right there. Johnny with his brother tommy and his father bob. Nice picture, good job. Ben and his dad david. Ash and his dad derek. What a spitting image, absolutely spitting image. Good lord. We wish everybody a happy fathers day this sunday. Ash, youre up now, tell us how much youre expected to spend this fathers day. The number from the National Retail federation, an estimated 17 billion will be spent, thats a projection, i dont know how they figure that out but thats the number they came up with but 58 of those surveyed say they will get together with dad virtually, not in person but virtually. So still maintaining the social distance even on fathers day, what are the top gifts, 25 of people said personal care items, nothing says i love you dad then a pair of nail clippers, 21 tools or appliances, always popular, 19 say automotive accessories. Those of the top choices for dad. Pretty standard i would say. Stuart by the way you look exactly like your dad and you know it. It is scary. Stuart thank you ash, check the market, we came back a little bit, up 176 points, thats about to thirds of 1 . Green across the board. The latest fox news poll, he finds 57 of voters under 30 say their vote for biden if the election were held today, its only 20 and that group who would vote for President Trump, the campus reform editor and chief, there is a terrible number, what can the president do about it and the 137 days left in the election. I think the best right now is to improve the economy and get things back on track as much as possible. When it comes to young voters, the way theyre pulling their opinion is whats going on now. Many recovered and are not forming their opinion based on the issues and not necessarily going on websites look at a platform and not staying aboard watching your show every single morning getting the issue, theyre saying whats going on in my life right now, many lives are in turmoil, they have been turned upside on their head, the underpayment record high, many moving back in with her parents and they dont think of that as a problem of coronavirus or the global pandemic, they think you can i blame, whos a scapegoat, President Trump is the most visible person, that plays a big role right now, think believe there is a long time for the election and i dont know if the biden camp to get to excited and ultimately them to get the young people to turn up in the heart a group to turn up to vote. Many i spoken to, were not excited about biden they said ill go with vita but they dont know about him and many feel like the establishment of the Democrat Party picked him for them and that will not lend itself to a lot of voter enthusiasm which is critical if you will get these people to show up to the polls. Stuart i think it was Winston Churchill who said, if you are not a socialist by the age of 25, you have no heart. If youre still socialist after 25 you have no head. What do you think of that . That says all youngsters are liberal thats the way life is. Theres a presser among young people to go along with the narrative is from pop culture and whatever the role is coming to them. Socialism is compassion, that plays a big role in supporting the Democrat Party. I think you need to look at what motivates young people, its usually social, it is overwhelmingly to support democrat and liberal colleges because if youre looking on the fence and saying which way do i want to go right now, you see what happens as, of republicans and trump supporters. They see what happened and they say i dont want to be ostracized socially, all go to the path of least resistance. And where theyre getting their news, the majority of young people and pulling data in their political opinion most on social media and what they see and big tech and on tv, those are spaces dominated by the left and if theyre only getting the information there then it may be a more biased civil candidate. Stuart you have a little more work to do in the next 337 days but things were being on the show today. Lets get to the trump drivers and they want more gun rights because of concern about the protest in the pandemic two. Michael is with us, the coowner and Vice President of j casey trucking, one of the Biggest Trucking Companies in america. , i believe the issue here is that Truck Drivers cannot usually carry a gun across state lines, they have nothing to protect themselves with when they get to the far end of the delivery they want that right. Is that where youre coming from . Take you for having me on the show. Yes whats happening when Truck Drivers have weapons, theyre usually with the state that they live in illinois estate to carry, you can only cross into certain states, whats happening to truck driver, they are going to multiple states and multiple areas and delivering overnight and they would like to have the availability to keep their weapon legally even if they cross into a state that does not allow concealed weapons to protect themselves. Stuart that would require a big change in a lot of different states. But theres another issue here, we hear a lot of Truck Drivers like 77 dont want to deliver to cities where they defunded the police like los angeles for example or portland or seattle. Is that a real threat, would they do that and say i am not going there, would they do that . Roberti heard from other drivers asking questions if we will have to go into defunded states and if we will make them to deliver loads there. Some drivers have early told me they will not go to defunded states. The police is a critical part protecting our drivers will be delivered to these places. When that goes away, my driver is on his own with his own protection. Stuart you understand where im coming from, Truck Drivers in large numbers said no, im not delivering to seattle, you have a trucker strike and a crisis. You dont really see it coming to that point deal . I really hope it does not come to that point. But if it would get really bad, those states are going to have some serious issues delivering with products and goods delivered to those places. Stuart mike, thank you for being with us this morning from jck trucking. Its an important issue and not going away. Stuart it is true to say the recovery is taking hold, were seen less fewer people fighting for an appointment benefits a week after week. And now some big names are announcing hiring freeze big time, will tell you where the jobs are. Republican lawmakers fighting back against new cases of social Media Censorship of conservatives. Ohio congressman jim jordan is fired up and joins me on that next. I think americans are sick of this. This is a direct attack on speech. I think americans are tired of the press going after certain people if you dont have the right position or say the right thing. For Goodness Sake if you now add the standing for the National Anthem, somehow thats a bad thing. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Stuart social media platforms stopping labels on President Trump another republican post. Jim jordan is with us republican congressman from ohio. I know that you are shadow band at one stage, do we know the conservative opinion as being sensitive here, but what can you do about it . There has to be consequences. You are directly attacking free speech, heres the thing that gets me, why is it always conservatives, where is the liberals, its always on the right, as you mentioned two years ago, for members of congress, nunes, jordan, two weeks ago the president put on the labels and the president centers the president in two days ago google tries to d monetizing cancel the federalist. You will continue to do this, there has to be consequence. This is a direct attack on the first amendment. Were looking at all kinds whether the 230 issue, whatever it is, there has to be liability and consequences for these platforms who are systematically appearing to go after conservatives and only conservatives. Just last night they went after the president on the video he put out, everyone knows and seen the video, everyone knows what he is doing, its gotta be labeled in change. This is scary where were heading and its important that congress to pup and execute the remedies. What do you think about the rally tomorrow and told to oklahoma, i know lighting up already, are you smiling or shaking your head . Im going to be there, it is great to see the American People connect with this president , they know this president is doing what he said he would do, getting results and is fighting for them and what a contrast. We have a Million People who want to come told tolson oklahoma postcoronavirus, first the Million People signed up for this you want to come in joe biden still saying in the bases. That is a contrast right there, this president wants to go talk to the American People the people hes been fighting for versus joe biden, even Terry Mcauliffe said today theyre better off keeping joe biden in the basin enter basement. That is shaping up for this fall and the American People who are so fed up with everything that they are seen in the politically correct cancel culture, you cannot even take your boys fish and and where the wrong teacher and you get in trouble. This is crazy. Stuart what about the polls . What you make of the polls. Every single reputable poll puts joe biden ahead of donald trump and the latest fox poll puts biden 12 points ahead of the president. You cant just dismiss this. No, but i will say this, and 2016 that every reputable poll had Hillary Clinton ahead and she was what, 99 1 favored the day of the election and once the real pull happened on the election day, suddenly the numbers change and we know that President Trump won. I think the same dynamic is in play. Heres what i see across the midwest, i see last week and was flag day, american flags everywhere and guess what was beside them, truck 2020 flags, thats what i see because so many people may not tell a pollster what they think about so many people are voting and putting their flag out and they will vote the right way on election day, theyre sick of what the left is up to on this country and sick of the whole idea in insane Public Policy proposal from the democrats saying defund the police, dismantle Police Department, they are sick of all of this and they want somebody who is fighting for the values and the things he told him he is going to do and that is President Trump, thats why theres a Million People that want to come to tulsa, oklahoma in the million of the summer this saturday. Stuart human to the 2016 election with Hillary Clinton. Hillary clinton, she was running an identity politics campaign. And last night senator klobuchar pulled out of the Vice President ial to be with joe biden on the grounds that she wanted and thought that joe biden should have a woman of color. That seems to me too be the replay of 2016. Its an idea politics all over again, the democrats are presenting people, who they are as opposed to th the president a ticket of what they can do. That just makes the Democrat Party, the party of politics. The Clinton Campaign was that way, the Biden Campaign to be that way because thats who they are, that untended the party of that group this group, instead of being a party of heres what we want to do, heres what we want to get accomplished, heres the party of freedom and heres the party that wants to do certain things, part of the coronavirus with the best economy ever, taxes were cut, the lewiston appointment 50 years, this president said he would get it out of the iran deal and he did it and he said he put the embassy in jerusalem and he did it, he said will get out the. Still and he did it, he said he would take on china and he did it. Thats what the American People appreciate, not what theyre beholden to, that is a choice. Do you want to party this is defund the police, group politics, raise your taxes, or do you want to be like President Trump who is doing what he said he would do and cares about individual families and individual americans and let them chase their goals and dreams, thats a choice and i think the American People have common sense, they are smart and theyll do election day and per month just what they did four years ago and they will elect donald trump. Stuart can you give me 20 seconds on what the good people of the midwest think about whats going on on the west coast in seattle and portland. It is scary when you look at de blasio, the biggest city the mayor said he was going to cut the Police Department 1 billion, the super majority in the council of minneapolis said they not only gonna defund the place but abolished the Police Department and chaz forming in seattle and portland, this is scary stuff in our people they make and people understand our voters understand, they will not understand in the end. Stuart that was about 25 seconds but we will take it. That was good stuff. Jim jordan everyone, ohio republican, will see you again real soon. Check the market, we are still in rally mode but its not as strong as it was, were up about. 64 , 168 points. We could see a rebound for the Housing Market in key cities across the country. What do they all have in common. We will tell you. We need to get new stuff for your new home, will tell you abounds of mattress sales of all things. [ sigh ] not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Ask about saving up to 1500 on your installation. Stuart we are doing okay, the dow industrial up 174, weve been up 300 nearly 400, we come up a bit but will take what we got. The dow is at 26250. There are green shoots in the real estate market, lauren is here to tell us about the five cities which are leading the housing recovery. Are all tech hubs, denver, boston, San Francisco and believe it or not san diego and seattle. These cities were doing well when it came to technology before the pandemic and other leading the recovery out of it because of tech hub and with a stable salary comes the housing boom. Also there among eight cities that are doing better now than they ever did in the month of january. A full recovery and then some. Stuart youre coming in and out of my isp thing. So i did not catch everything but im sure that was good. And i dont think i have a followup for you either. I still cant hear you by the way. Mattress sales booming, i guess because people are spending more time at home, just lock will cover this one for must from illinois. Are we going to see you lie down on a mattress in public . Yes we are. Youre never going to see me lie down on the job but the beauty rest, the tempurpedics, people spending more time at home in the mattress business was at a standstill now coming back big time in a locally owned business, family owned by Vice President american mattress, what is happening out there. Racine uptick in business, we had a lot of our stores close the last couple of months in the last couple weeks were seen a bigger take up. People want to live healthier and spending more on the mattresses you said, theyre looking at highend which is this beauty rest black, this is the cadillac or whatever cadillac is these days. These other products that people are signing up of the quality in terms of getting in and making sure that theyre spending more time in bed. Is the other thing i want to show people, you have taken steps, something called slumber shield, if i come in and you open it up for me, this is the thing to do hygienically, pull that out there. Sanitize personal testing kit. We want to make sure theyre feeling safe and comfortable when they come in our stores. We give this to the customer and their able to lay down on the mattress and feel safe and comfortable and make their purchase at a comfortable atmosphere. Im going to throw back to you because im going to lay down but you will not see it. Stuart i knew that. We were waiting. We have to move on. You are all right. We have a big hour ahead for you, Sports Memorabilia sales huge in the lockdown, very highprofile items about to hit the auction block, we will show them to you in the next hour of this program today. We are starting to see through to the other side of the pandemic, i say there is no going back, life as we know it is going to look and feel different. The changes that i see, i will detail them for you coming up next and my take. 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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 ah, those were the days. Break on through to the other side. I remember that song quite well. In a moment, you will find out why we are playing that. I can tell you this. The nasdaq is on pace for sixday winning streak. The nasdaq is up nicely this morning. We have a decent rally for the dow, up 142 as we speak. The nasdaq is up 83, the best part of almost 1 . Its a big day for reopenings from coast to coast. There are six states that are easing lockdown restrictions. Im going to just pick out two of them. Big names. Ohio, casinos and amusement parks will reopen today. California, personal Care Services like nail salons can welcome customers again as of today. Lots of changes, coast to coast. We are indeed opening up. Now this. We are coming out of the lockdown. Yes, we are. And we can see to the other side and it is going to look and feel differently. Thats the other side. Looks and feels different. Its early but already, you can see the changes that are coming. I will start with the workplace. A lot of us will want to keep working from home and Many Employers will be okay with that. No commuting, easy communication through video conferencing, some flexibility about when you work and even what you wear. Its good for workathome folks but bad for the cities. They will get less revenue from commuters and less revenue from the businesses that serve them. Then we have travel. Especially business travel. I just dont see executives jumping on flights like they used to. Why spend the money and the time when Technology Gets you an instant meeting . Have you seen zoom recently . In a few months, they have expanded to 300 million daily meeting participants. Less travel is good for executives family life and its certainly saving a lot of money. Its really bad for the airlines and for hotels. How about shopping. During the lockdown we turned to the online guys, especially amazon. The virus clearly accelerated a trend that was already in place. Its not going to be completely reversed. Far from it. Think what a difference this is going to make to our daily lives, the way we shop. Entertainment, heres another trend that was already in place during the lockdown. We took up streaming bigtime. Netflix leads the pack with a constant flow of new original content. They have been lapping it up, we have been lapping it up. Thats another trend thats here to stay and another shift in lifestyle. There are just so many areas which show the beginnings of change. Overall, like it or not, we are plunging into a technologybased economy and a technologybased lifestyle. It adds to a real shift for all of us. What would Elizabeth Macdonald think of this . Shes the lady on the righthand side of the screen. Evening edit fame on fox business. Liz, i have just gone through a list of what i see on the other side. I think most of these changes, i really welcome. I like them. I think we are going in the right direction. What do you say . Liz yeah, i agree with you. You know whats driving it, it feels like, you know, just watching this as you have over the past several months, its a common sense majority of americans who are making the fixes. They are making the changes. They are doing it on their own. Dr. Fauci just recently said yesterday no more mass lockdowns needed, leave it up to the local leaders, leave it up to people to figure it out. Stuart, its sort of like people are figuring it out. Thats whats driving the economy. I dont think people will be going to the gyms or Movie Theaters. I think those industries are in trouble. But i think youre right, i think that people are figuring it out, they are wearing masks, they are going out to do their shopping, going to the doctor, hiking and jogging and yeah, i think theres massive changes in Different Industries but they are adapting. Some will go by the wayside but some are quickly adapting. Thats what were seeing happening right now. Again, its the common sense majority, the wisdom of the American People doing it. Stuart forgive me for personalizing this, but i like some of the changes which i see coming. And as i have outlined. Do you like them . Liz yeah, i do like them. You know whats really cool that im watching this trend is that people are taking to road trips, right, so they are going to see the historical sites in this country. What does that mean . They are outfitting luxury suvs and campers and watch this, we are seeing Technology Step in to show you where the best rest stops are, because some of these states have horrific rest stops you dont really want to go near, and others have great rest stops, which have the best hotels for visits. Americans are doing things like that. You saw krogers internet online food shopping almost double recently. People are adapting, making the changes. They dont need topdown dictates and orders. You know what it feels like, it feels like you know the saying, you know, its as plain as the nose on your face. You know, people sometimes need to hold up a mirror to see the nose on their face, right . I feel like this is what the pandemic did. You know, i feel like there was a shortage of common sense initially, but common sense is not in short, its in great supply with what the American People are seeing in the economy. Stuart you got it. We will be watching tonight for evening edit on this network. Thanks for joining us today. See you again real soon. Lets get to that rally in tulsa. The crowds were already lining up. I think they have been lining up for a couple days, actually. Mark meredith from fox news is with us. He is there. Mark, the big issue is public safety, isnt it . What is the campaign doing to create a safe environment inside that closed arena . The Campaign Says they are going to be doing some of the sthajs you would same things you were doing if you want to go out to the airport. You were talking about the crowds. You see these people here . They are not there at the moment. Thats because we saw a curfew imposed at the moment. Secret service and the local police starting to push people out of this area, starting to put up barricades and get ready for whats coming up. With the coronavirus, we have seen all those people still showing up all week long, some bringing some of their camping gear, their tents, getting a chance to line up for the event itself. Im sure they werent thrilled having to move in the middle of the night. The Campaign Says when those people get into the bok center, they will get their temperatures check, the Hand Sanitizer and masks will be distributed, and Campaign Officials tell fox business those attending should really be making an individual decision. We have been telling folks that if you are in a high risk category or if your family members are in a high risk category, we would encourage you to skip this rally, maybe wait until one later down the road. If you want to come out, make that decision for yourself to come out to celebrate this president , celebrate america, thats your decision to make. Reporter city officials have been trying to hammer that point home that anybody that is showing up, you are putting yourself at risk for possible exposure to coronavirus. They are not trying to mince words on that. The tulsa Police Department also going a step further. We talked about the curfew. They are also now warning about what could happen in the next 24 to 48 hours. This is what the department tweeted out overnight. Quote, this is an unprecedented event for the city of tulsa and has hundreds of moving parts. We are asking for everyones help in making this a safe event for all citizens. Now, the bok center here behind me is going to have 19,000 people for capacity. Its unclear what the final number will be that be allowed inside. Outside we have seen a number of areas set up for possible overflow. Stuart its a big crowd. Case closed. Thanks for joining us, mark. Good stuff indeed. I want to show you something on your screen. Look at it. Here we go. 1700 new virus cases in oklahoma in the last week. Thats a lot. Lets bring in david mclean, chair of the Oklahoma Republican party. David, welcome to the program. Big picture question, is this the right time and the right place for a rally . Absolutely. Our governor has positioned us to be the freest state in the union. We have done a very responsible reopening datadriven reopening. Our state is open for business and our businesses are booming. Stuart why the spike in its not a spike, why the increase in cases . Well, that is an obvious expectation that the more people get out and get around, we had an expectation that there would be some increases. Nonetheless, we are dealing with that. As of june 1st we had 23 people in the hospital with coronavirus as of june 1st. So our state is in great positi position. Our governor has done a remarkable job positioning this state for reopening, positioning this state to be a beacon of liberty for the whole United States of america. Stuart i dont know what conditions are like in oklahoma. I have not been in a long time. A lot of our viewers want to know, are you completely back to normal . Could you say that in oklahoma . Well, im going to say we are on the road to normalcy. Im not going to say things are completely back to normal. But we are in the right trajectory. We take personal responsibility very serious here in oklahoma. People are we have no restrictions on gathering, no restrictions on our businesses, but we do have people who are social distancing, wearing their masks, using Hand Sanitizer, selfquarantining when necessary, so with the guidelines the governor has put out and the guidelines the cities have implemented, i feel very safe being out in public right now. Stuart okay. David mclean, gop chair in oklahoma, thanks very much for joining us. Good luck tonight, sir. We appreciate you being here. Thank you. Thank you. Stuart sure thing. Stock check again. Once again, we are at alltime high. Watch for apple, right now its at 354. 66. Thats either at or certainly very close to a record high. Microsoft crossed 199 earlier. That would be a new intraday high. Right now its 198. 30. Still way up there. Then theres amazon. Flirting with alltime highs all morning, on pace for a record high close. The stock is up 30 bucks, 2684 a share. Next, lets talk about jetblue adding new routes for their, what, summer schedule, i think, lauren . Lauren yeah. This is really good news, stuart. There are 30 new routes between july and october. We will scroll the list for you so you can see all the popular names and what do these names have in common . They are popular for leisure and taking vacations. Some routes include whats called the mint service, thats the premium Passenger Experience with seats that lie flat, special meals, food, coming to an airplane, and cocktails . Sign me up. Stuart okay. Yeah. Lauren the prices are about five times more the cost but i think a lot of people would pay that right now. Stuart wait a minute. Did you say five times the cost of say an economy seat . Lauren yes, i just did a quick search from newark to los angeles and it was about 139 for a regular seat and about 599 or 699 depending on the level of mint service you got. Stuart you would pay it. Im with you. Im with you. Thanks, lauren. Good stuff. Staying on travel. The tsa, the security people at the airports, they saw its busiest week since march. Have you got that number for me, lauren . Lauren yeah. This is why the airlines are adding those routes. 576,514 people went through tsa checkpoints yesterday. That was the most since march 20th. If you look at the number on the right side of that screen, yeah, we are still a long way off from where we were last year at 2. 7 million. Stuart i remember in march, we were down to 80,000 going through tsa in one day. Now its a half million plus. That is a significant improvement. All right. Let me talk jobs, please. Coming up on your screen, the trend in unemployment, down every week for 11 weeks. Thats the number of new claims for jobless benefits. Ashley, some companies are going however, the other direction, some companies are going on a huge Summer Hiring spree, arent they . Ashley they are, because the restaurants are starting to reopen slowly in some places, faster in others. Lets take a look at subway, for instance. 50,000 workers will be hired by subway franchises heading into the summer. By the way, i didnt know subway was the largest u. S. Restaurant chain by number of locations. Also, we talked about this earlier in the show, mcdonalds going on a hiring rampage. They will be hiring some 260,000 workers heading into the summer. They say they will put a lot of Safety Measures in place but they need workers. 260,000. By the way, talking about mcdonalds on the menu, they are still going to have a streamlined menu. No salads, no bagels, no yogurt parfait, im afraid. But you can still get soft serve, look at this, there they go, forget those. You can still get your bacon mcdouble, soft serve Vanilla Ice Cream cones. By the way, the simplified menu is actually gotten high prays becau praise because you can get through the drivethrough faster and customers say the food was better and the orders were more accurate. The less choices you get, apparently the better the service. Stuart isnt that what you want . You go to a Fast Food Restaurant for fast food. You want fast service. You dont want to sit around for hours. Okay. Im there. Thanks, ash. With baseball and basketball seasons on hold, sports fans have been counting on fall football. One of the nations top doctors say it might not happen. More on that in a moment. New fox poll shows 61 of voters disapprove of how the president s handling race relations. In the midst of protests, can he take any steps to change peoples minds . We will discuss it. Controversy as the Supreme Court blocks the president from ending daca. Now Congress Needs to find a permanent solution. Roll tape, please. I love this country with all my heart, and i would die for this country. All i want is for the president along with congress to give me an opportunity to continue to serve my community and continue to pay my taxes. Stuart dreamer right there for you. Acting deputy secretary of Homeland Security Ken Cuccinelli is fired up about this ruling. Hes going to join us next. You say that customers make their own rules. Lets talk data. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. Its not supposed to be a game. But sadly, over recent years, more and more chief Justice Roberts has been playing games. This decision today was lawless, it was gamesmanship and it was contrary to the judicial oath that each of the nine justices has taken. Stuart that is pretty strong stuff from senator cruz. Really taking chief Justice John Roberts to task over the daca decision. Joining us, Ken Cuccinelli, acting deputy Homeland Security secretary. Sir, give me the Bigger Picture here. What are the wider consequences of that ruling . Well, the wider consequences, i would agree with senator cruzs remarks, are that it encourages congress to abandon its duty again in the future and to encourage other future president s to use their pen and a phone to try to rewrite laws. President trump said he wouldnt do that, that hes going to act within the boundaries of the law but if the Supreme Court is going to kick those boundaries out beyond anything the founders ever envisioned, then youre going to move more and more power into the executive branch and thats a mistake. Its a mistake. I will remind you, stuart, almost two years ago in front of the last election, it was Chuck Schumer and nancy pelosi who walked away from discussions on the daca subject. They abandoned those folks and the president was still at the table and wanted to keep working through to solve the problem legally by legislation, and they abandoned him because they believed there was political advantage to be gained by playing politics with these folks in the daca program. Stuart apart from the legal and constitutional principle involved here, the practical absolutely of primary importance, yes, sir, primary importance, no question about it but the practical result is these, what is it, 600,000 dreamers get to stay longer. I put it to you, sir, that a lot of americans do not object. They have been here since they were children, they were brought here by their parents trn, its their fault they are illegally here. A lot of people want them to stay. Well, stuart, the fact they are here illegally and the president was willing to discuss some resolution to this, but his political opponents were more interested in trying to hoping that the president would fail on this because of just polling, like you said, rather than solving the problem. They are using these people. The president said very clearly yesterday and right off the bat this wasnt a loss, this was a delay. You saw this morning he gave us the instruction at the department of Homeland Security, redo the guidelines to wind down daca and that is intended and it will have the practical effect of forcing this back into congresss hands, where it always belonged in the first place. Stuart fair point. Now, one more thing. We are seeing reports right now that the Trump Administration is considering an executive order to suspend certain work visas. Can you tell us anything more about that . Well, i really cant, stuart. I would point back to the proclamation the president made on april 22nd where he suspended incoming green cards to preserve those work slots for americans. You just reported on the weekly unemployment claims and they are still high. We reached a trump economy in february 3. 5 unemployment. Black unemployment has been below 8 for more time under President Trump than the rest of your life and my life combined for the entire rest of our lives. So thats what he wants to get back to. Hes looking at all his options. We at the department of Homeland Security have been advising him on all the opportunities that he can use his executive authority to hold back on some of the incoming immigration that relates to keeping jobs open for americans and well see what the president decides as to how to proceed there. Stuart sir, i just want to show you and our audience a brief clip from fox friends this morning. They had a daca recipient on their show. Heres how he reacted to the daca decision. Roll tape, please. The president has supported the daca community. If anything, hes stepping up to the plate and forcing congress to do its job. I love this country with all my heart and i would die for this country and all i want is for the president along with congress to give me an opportunity to continue to serve my community, continue to pay my taxes, to continue to be with my wife, with my family. All i want to do is just give back to this country that i love so much and has given me endless opportunities. Stuart hes saying exactly, in a very articulate fashion, precisely what youve said, sir. Yeah, you know, this is about people. We talk about a program. Its about people. For a decade, the left has been playing politics with these peoples lives. It is the president who President Trump who is willing to try to solve this problem and it was Chuck Schumer and nancy pelosi who walked away because they thought they would get an advantage in the 2018 elections. People should remember that as we now move out of a court case, are they going to come back to the table. The president never left the table. As your interviewee said, he was always willing to talk and to negotiate and to try to solve this problem legally. No pen and a phone within the boundaries of the law and the constitution. Thats President Trumps approach to this. It differs entirely from president obama and Chuck Schumer and nancy pelosi. Stuart Ken Cuccinelli, thanks very much for coming on this morning. Always a pleasure. Good to be with you. Stuart sure thing. Back to the market. We will check a couple of stocks for you. First off, tesla. They reportedly just bought what, 5 million worth of land to build a new factory and they want a huge tax break to build that factory. How much of a tax break do they want and where is it . We know and we will tell you. Take a look at this. People lining up in oklahoma overnight hoping to snag a spot at the president s big rally tomorrow night. Thats enthusiasm for you. Theres real enthusiasm for this president and his campaign. We will tell you all about the Enthusiasm Gap in a moment. Were here for a reason. And its bigger than selling cars. Were here to build for the people who build and shape this country. Who work hard. Who do right by others. Who never give in. Theres always some new challenge trying to take us out. To shake our resolve. And if youre out there fighting through it, we know 260,000 people who have your back. It is important for the black community to look at their principles and their values and they have to look at the history of the Democrat Party. I think of what the left is trying to do is insert this issue about racism because they know that the president has done very well in the black community, especially, and they want to try to undermine his success. Stuart alan west there on our show earlier in the week talking about the president s success within the black community. Paris denard is back with us, cochairman of black voices for trump. Paris, you got a big smile on your face but you have to address the polls because the president is not doing well with africanamericans. Im sure you have seen the fox poll, 85 of African Americans would vote for biden, 6 for President Trump. Not good. Im smiling because this is juneteenth. This is the opportunity for us to celebrate what the Republican Party and Abraham Lincoln did over 155 years ago with the emancipation proclamation, moving it, getting word to galveston, texas. At the end of the day President Trump will do well with the black community because he has a record of results. Thats what the campaign is for. We are campaigning every day. Im at the Republican National committee now under the chairmanship of Ronna Mcdaniel and we are engaging every single day with the black community, getting word to them in different ways so that they understand the difference between what joe biden failed to do for 44 years in his public life and what President Trump has done in just three and a half years of record success for hbcu, school choice, opportunity zones as well as what the president has done for criminal justice reform. The list literally goes on and on. Im excited about the opportunity that we have. Stuart lets talk about juneteenth. June 19th, 1865, we commemorate the end of slavery. Thats the anniversary we are commemorating here. Would you like to see june 19th become a National Holiday . Look, i think thats something that would be a great thing to do, because its part of the American History, its something that we should fully understand and appreciate and celebrate. I know that because of president tru trumps recent talking about juneteenth and the rally thats going to happen tomorrow, theres been more attention to juneteenth. I think the more that we can learn about these great events in American History that are part of black history and part of the Republican Party, we should find ways to celebrate them and honor them. This is a great opportunity for the American People to have a celebration on a federal National Level because its a part of our history. Its the second independence day. Stuart isnt it a Good Opportunity for a History Lesson . Figure out what happened, when it happened . Its a conversation that we should be having. Im happy to have it. Yes, and im glad to be here today. Another conversation we should be having is about the black wall street that happened in tulsa, and there was a horrible massacre that happened 99 years ago to the day and President Trump going to tulsa near that site to talk about the promise and to highlight the promise of what building black American Communities can look like. 99 years ago, there was unprecedented wealth in that black community, because the government got out of the way and they were able to prosper and grow. Thats exactly the agenda the president has today. So hes going to this rally to highlight that as well but also, we can talk about juneteenth because we have a lot to celebrate as a nation. The Mainstream Media likes to focus on the negative. We can also focus on the positive. The massacre was horrible that happened 99 years ago this month. But also, the promise is something we should focus on. How did these black americans attribute and get so much wealth in businesses . Because the government was off their back and they were able to achieve. Thats what the president wants to do even today. Stuart very good points. Paris denard, please, dont be such a stranger to the show. Its months since you have been with us. Months, months and months. Come on. Okay . You will be back. Any time, ill be here, my friend. Stuart see you soon. Thanks for joining us. See you later. Better get back and check those markets. We are still in rally mode but only just. We are up 130 points for the dow, 26,200. How about twitter . They labeled a tweet from President Trump as manipulated. Posting a video mocking cnn. The stock is actually up this morning 1 . How about facebook . They are under fire for removing a Trump Campaign ad about far left groups. They say they used a symbol that violates their antihate speech rules. Well, facebook is up 3. 50 to 239 right now. Tesla. In talks to build a factory in austin, texas. Now we know where its going to be. But lauren, you tell us what kind of tax break they are going to get for going to austin, texas. Lauren well, they are asking for 68 million in tax breaks from austin if they bring their electric pickup truck factory to that city. So with the deal, tesla would pay, this is over ten years, 10. 5 million in taxes. Without it, 78. 5 million. Thats why this incentive is a big draw. Now, tesla is valued at 186 billion. Its a lot of money. They would create 5,000 jobs in austin, near austin, and they would pay on average about 75,000 a year. However, according to texas law, its the School District that has to grant the property tax breaks when it comes to Economic Development projects. We dont know how they will rule just yet, but it looks like tesla might be getting this major break that they want to break ground in the Third Quarter near austin. Stuart okay. Tesla is worth what did you say, 1 ia 189 billion . Lauren 186. Stuart more than ford and General Motors combined, i think. Not sure about that. But it is. Its way up there. Thanks, lauren. We will stay on the car market. Which cities, tell me, please, ashley, where i can buy the cheapest car . Are we talking about used cars here . Ashley used car. We are talking about used cars. Because as you know, with the industry basically shut down for three to four months now, there are some good deals out there. Where can you go for the best deal . Lets bring up what we call the full screen, shall we. Number one, miami, florida. Followed by orlando, florida. Florida coming out of this well. Salt lake city, dallas, minneapolis. By the way, prices are down an average of 6. 5 in miami, 5. 8 in orlando. In miami, some of the best savings are bmw 3 series down 14 , dodge chargers down an average of 15 . By the way, nationwide, vehicle prices for used cars down about 3. 6 . Not a massive amount. It really does vary by city, by region and by model of vehicle. But if you are in the market, there are some good deals out there. As always, do your homework. Stuart used cars are where its at. Theres a big market these days. Its on fire, that used car market. All right. Closed down bars and restaurants did not stop us from drinking. Up 26 since march. People are drinking more affordable americanmade alcohol. More on that coming up for you. Another lockdown winner. How about this. Michael jordan and his last dance documentary. Six Million People tuned into it. Now you could get in on the excitement and you could own a little piece of history. We will tell you how you do that next. Yeah yyeah yeah hey, hey wherever you make go, lexus will welcome you back with exceptional offers. Get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. Experience amazing at your lexus dealer. And i recently had a heart attack. It changed my life. But im a survivor. After my heart attack, my doctor prescribed brilinta. Its for people who have been hospitalized for a heart attack. Brilinta is taken with a lowdose aspirin. No more than 100 milligrams as it affects how well brilinta works. Brilinta helps keep platelets from sticking together and forming a clot. In a clinical study, brilinta worked better than plavix. Brilinta reduced the chance of having another heart attack. Or dying from one. Dont stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. Brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. Dont take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. Slow heart rhythm has been reported. Tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. If you recently had a heart attack, ask your doctor if brilinta is right for you. My heart is worth brilinta. If you cant afford your medication, astrazeneca may be able to help. Stuart we are holding on to a small rally. We were up 400 at the opening bell. Now wire ere up just 100 but take it. How about moderna . Their ceo says its Coronavirus Vaccine will be ready for distribution in 2021. Thats kind of pushing out the time frame there. The stock is down a half percent. Florida, they are reporting almost 4,000 new virus cases. That is a record single day increase. Got that for you. Staying on the virus. Ashley, oh, wait a minute. Im reading the script here. It says the virus is threatening football. Tell me it aint so. Ashley well, dr. Anthony fauci, the preeminent Infectious Disease expert, says whoa, hang on, you know the nfl teams expected to report to camp later at the end of next month, and they are still hoping to get this season under way in september, but let me just tell you what dr. Fauci said. He said this. He said unless players are essentially in a bubble, insulated from the community and they are tested nearly every day, it would be very hard to see how football is able to be played this fall. He goes on. If there is a second wave, which is certainly a possibility, and which would be complicated by the predictable flu season, football may not happen this year. You know, its interesting he used this word bubble because the nba has gone a whole other way. All the teams gathering in disney, essentially in their own bubble where they will play against each other down on this one area of disney world in the sports area, where they can have two games going on at the same time. Nfl hopes to have games, you know, as many teams as possible play in their home stadiums. They may be empty as long as the local authorities allow that. But dr. Fauci throwing a little bit of cold water potentially on the season getting under way as planned. Stuart lot of people shaking their heads because they do not want to hear that. Thats a fact. Thanks, ash. Sports, well, at the moment they are on pause. However, that will not stop you from buying a piece of history. Ive got to tell you, the sports memoribilia business has been absolutely booming during the lockdown. Guess whos here . Ken goldin from goldin auctions. Hes the guy, he always brings us items from the sporting world but hes going to have a football auction and i will tell you now, he has some extraordinary stuff with him today. All right. Here we go, ken. I will start with lebron james signed rookie card. You got that. Show us, please. So this is the signed rookie card. Its limited to 23 only. This is the highest possible grade, its signed, it has a piece of his worn rookie jersey. I know this is going to be tough for you to swallow but the expectation on this card is over 1 million. Which would break the record for any modern card which was another lebron james card we sold at 900,000. Stuart i have no problem with a Million Dollars. I just love to see you taking a big chunk of money. Next one, michaels jersey, the gameworn playoff jersey. Tell me more about that. Sure. Everyone saw the documentary the last dance. He said in that documentary the toughest series of his life, we saw him play against Reggie Miller and the pacers, was the sevengame series against indiana. This is the jersey from that stee series. This is the front, this is the back. This is photomatched to that series. It comes with a letter from the bulls. It was worn in game three and game four of his final Conference Series against indiana. Our expectation on that is 400,000 plus. It would not surprise me if it went for significantly more. Stuart you are hoping, i can tell. I dont blame you. I do not blame you. Okay. Kobe bryants Championship Ring. You got that . This is his Championship Ring from the 2000 nba, his first championship with the lakers. This is made to his specificatio specifications. Its an actual player ring. He gave the Championship Ring to his father, joe bryant, and we have that ring. All of this and the other items i will show you are all on preview at goldin auctions. Com. The auction starts on monday, previews open now, and it closes the 18th. That ring, we expect to go for 250,000 plus. Again, it wouldnt shock me if it went for half a Million Dollars or more. Stuart good lord. Were not done. Stay right there. No, were not. Stuart the mike trout rookie card. I dont know whether or not its signed. The mike trout rookie card. How much . This card we expect to go for 400,000. We sold wait, we sold a similar card of his at auction three weeks ago for 922,000. That card was limited to five. This card is limited to 25. But you see psa10, this is the only card that exists in that perfect grade, only one out of all 25 exists in that grade. Stuart im getting a lesson in sports here. Thats a fact. Last one that youve got with you. Mickey mantles signed rookie card. This is interesting about the market. People would say wow, 1952topps Mickey Mantle rookie. We expect this to go for about 150,000 at auction. We expect the trout card and lebron card to go for significantly more than the mantle which is part of the dynamic of todays market. Stuart our viewers always like it when you appear on this show and show us what youve got at auction and its goldin auctions. Com. Is that right . Yes. Correct. Goldin auctions with an i, goldin auctions. Com. The preview is open right now. You can see all the great items we have. We have a full Michael Jordan Auction Going on, over 300 auctions, over 100 kobe bryant auctions, starts this monday online. Stuart you have done very well recently. Thats a fact. We wish you well. Thanks for bringing your stuff with you today so we can see what were getting. Ken goldin, everyone. Hes all right. Thank you. Thank you for having us. Stuart sure thing. Now then, on your screens, we are going to call them alcohol stocks. Why we putting them up . Because today is National Martini day. Roll the inevitable tape. Just a drink. A martini, shaken not stirred. Stuart when i first came to america and still, thats what people want me to say with my British Action sencent. But if youre not fancy like james bond, you can grab a beer with grady trimble. Hes at a brewery thats wrapping up production by 300 . We will join him after this. Save hundreds on your wireless bill without even leaving your house. Just keep your phone and switch to Xfinity Mobile. You can get it by ordering a free sim card online. Once you activate, youll only have to pay for the data you need starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. Stuart trying to place that music. I know it. I know it. Papas got a brand new something or other. All right. Sundays fathers day. Today we are honoring the dads of the varney team. I will start off with kristine and her dad robert and her daughter annalise. Thats a fine picture. Next one, here we have kate and her dad, jim. I believe that that is his race car. All right. Glad you brought that along for us. Next one is brian. With his grandpa bob and grandmother and uncle freddy. There you have them. We know them all. Heres joanna with her late grandpa at their family farm in portugal. Now, next one is daniellea and her father, mike. Thats a nice shot for you. Here is jen with who she describes as her awesome dad dave. From all of us here at varney company, we wish all the dads out there a very happy fathers day. Its on sunday. All right. The pandemic as you know, it shut down restaurants and bars but that did not stop people from drinking. Retail alcohol sales up 26 since march. That is what we call a major leagues rebound. Grady trimble joins us live at the solemn oath brewery. Good name. Good name indeed. You know, look, its only 1154 eastern. You cant have a drink yet, grady. Reporter well, stuart, i was going to say in terms of all the bars and restaurants closing, if theres a will, theres a way. People found a way to drink during the quarantine, with spirits and wines leading the charge, but the big surprise is budget beer sales. Brands like miller light and bud light, they have been struggling recently but people bought them and they bought a lot of them. 12, 24 and even 30 packs. Sales are soaring right now because you can buy it for cheap and you can buy a lot of it. But the huge growth category that has been no surprise to anybody who is following the industry is hard seltzer. Here at solemn oath brewery, they are canning craft beer right now but they also came out last year with a hard seltzer and sales of that hard seltzer have been huge, to the point that they have actually had to ramp up production by 300 of what they were expecting to be producing. This is their city water seltzer right here. Sales of this have been huge and its helping them make up for the lack of sales at bars and restaurants. So what do you think, stu . You thirsty . It is friday. Your shows almost over. Stuart thats true. Im just intrigued at the name. City water . Thats the name of a hard seltzer . City water . Good lord. Just out of interest, if youve got the time here, whats the alcohol content of city water hard seltzer . Do we know . Reporter yeah. Its about 5 . Its low in sugar and calories too, which is another reason that its popular. Stuart thanks very much, grady. Enjoy yourself, lad. More varney after this. Disconnect between. Ere e. Whats going on in Corporate America and what investors are believing is going on in Corporate America. The message to you dont trade because you think youre gonna to get rich quick. Because you. Stuart moments ago President Trump responding to dr. Faucis comments about counseling football just a few moments ago, heres the tweet, tony felty has nothing to do with nfl football, they are planning a safe and controlled opening, however, they dont stand for the National Anthem and our Great American flag, i will not be watching. My time is up, neil i want you to have a Great Fathers day weekend. Neil you to my friend, thank you very much. I hope its that way for dr. Fauci because i hear the tiktok on his career, we will follow that and follow Everything Else going on with the backandforth on washington and the controversy withstanding the followup. The good news right now is the reopening of the economy right now, never mind the spiking cases that Health Officials still say is relatively contained, a little more severe in some states than others, texas for example, arizona lately coming to mind. But by and large, they are not disrupti