Transcripts For FBC Varney Company 20240712

Across the country in major cities. Seattle, chicago, minneapolis, also in new york city. Of course, all of this as protesters continue the call to defund the police. And staying in new york city, get ready for phase two. Restaurants allowed to reopen. But its all al fresco. Thats all right. The weathers good. You have to sit outside. By the way, another 300,000 people expected to return to work in the big apple. And President Trump officially restarting his 2020 campaign with a rally in tulsa, oklahoma, but there is controversy over crowd size. We are all over that story and so much more. We will get it going on Varney Company which begins now. Ashley all right. First things first. Ive got to get you to the very latest on the virus. Over 2. 2 million cases now here in the United States. This as those 12 states on your screen have seen a record spike in cases over the weekend. Susan li joins us on this monday morning. Susan, give us the numbers. Susan good morning. So the states that saw a jump include the likes of florida, texas, utah, south carolina, nevada, also georgia, california, tennessee, arizona, missouri. We also have oklahoma. Florida saw a threeday streak of recordbrayieaking numbers t ended saturday with over 4,000 new cases. Governor ron desantis attributing the rise in positive cases to what he calls an increase in testing, saying if you test more, cases go up. Amidst the rising numbers, also florida now requiring facial coverings, facial masks. South carolina, nevada and utah, by the way, also saw their second day in a row of record daily new cases on saturday and missouri has second straight day of record cases on sunday. Also on sunday, oklahoma, the state of oklahoma saw a Record Number of daily new covid cases as well and the Health Department in this state was urging anyone who had attended any large scale gatherings in recent weeks to get tested for covid19. Also, by the way, tulsa was the place that President Trump held his first rally in three months on saturday evening. Ashley yes, he did. We will get into that. Thank you very much. Lets bring in market watcher Keith Fitzgerald for all of this. Keith, good morning to you. The markets are up despite all this news of a second wave or increased numbers, for sure, but you say the rally going to throw some cold water, you say the rally will lose its steam this week. Make your case. Could. Could, ashley. Could. We always want to be looking forward, but the thing that concerns me this week more than i have been concerned since this began is the change in psychology between the civil unrest, the violence thats emerging in our major cities and virus cases. That throws unknown into traders equation. I simply think we might get a reset. I hope not. Im not planning on it. But i think we could. Ashley all right. The caveat, could. All right, keith, stay right there, if you will. We have more news from over the weekend. A deadly weekend in major cities across the country as we mentioned. Seattle, chicago, minneapolis, new york city. Lauren simonetti joins us with the grim numbers. Lauren it was a deadly fathers day weekend. Lets start with chicago. If you look there, across the city, 67 were wounded, 11 were killed including a 3yearold boy. The Police Superintendent says violent offenders are let out of jail too soon, not being monitored enough when they go back. There was also a deadly shooting at the chop protest zone in seattle. A teenager died. Someone else was shot last night. Neighbors are very very concerned about their own safety. And the businesses, too. Lets go to minneapolis. One dead, 11 wounded over the weekend and in new york city, 24 people were shot on saturday alone. One reason for the citys uptick is defendants arrested for gun possession were allowed to skp l bail during this virus so protesters from coast to coast want to defund or disband Police Departments kind of when we need them the most. Ashley yeah. Youre absolutely right. Not a pretty packet. Thank you. I want to go back to seattle. As you mentioned, police are investigating yet another shooting inside chop. The capitol hill organized protest. You can see that dramatic footage on your screen. Its a bit blurry but attorney general bill barr is now speaking out on the escalating situation there. Take a listen. So will you challenge that autonomous city . Will you sue the mayor . What can you do . I dont want to get into specifics but we are obviously keeping an eye on it and as the president said in due course, we may have to do something about it but we cant let it go on indefinitely. Ashley cant let it go on indefinitely. Thats what the president has been saying. Lets bring back in keith fitz. You are our guy in seattle. Whats happening to your city . Tell you what, i wish i had an answer. I grew up in that neighborhood. I am just devastated to see whats happening to people i know, to see whats happening to the streets, to the character and really, the spirit of what made seattle great. Im not going to write it off but boy, it is just heartbreaking to watch this happen right in front of you. Ashley what these people are anarchists. They have taken advantage of a protest for racial justice, that we understand but i want to know how you resolve this . Do you have a weak governor and weak mayor, is that part of the problem . You know, im not a political expert, im a market guy, but tell you what, the money says youve got a weak governor and weak mayor. There are serious questions being asked about civil control, about intention, about understanding. This is not going to be the summer of love, the fraternal order of police is worried they cannot get in and protect the citizens who need it the most. This is not going to end well. Ashley what about the businesses trapped within the zone . I have heard from a number of folks who are extraordinarily concerned. They are seeing their lifes work go up in smoke quite literally. Once that happens, you are dealt with a situation of do you go back, do you invest. I talked to a lot of people who are simply going to move right out of the city and in fact, across the country. I expect rural real estate to pop. Ashley yikes. I know youre a market guy so i will finish on a market question. Whats on your buy list, very quickly . Oh, im very excited. Many of the companies we have been talking about, microsoft, visa, jpmorgan, but echo lab, you know, that one is we have so much sanitation, so much cleaning thats going to take place, we will need entirely new regimes to return the optics to air travel, to hotels, to restaurants and i think that company is perfectly positioned for it. Ashley very quickly, we have another leg down, you see that as a buying opportunity, i would imagine . You are absolutely correct. Again, opportunity trumps fear every single time. I dont mean that in a loaded sense of the word. Apolitically, more expensive to try to miss fear than it is to miss opportunity. Ashley we will leave it there. Great stuff, Keith Fitzgerald in the Great Pacific northwest. Thank you so much. Back to the virus now. As we have been saying, cases of the virus surging over the weekend. More than 32,000 over the past 24 hours alone. President trump chalking that up to an increase in testing. Take a listen. You do testing to that extent, youre going to find more people, youre going to find more cases so i said to my people slow the testing down, please. They test and they test. We had tests, people dont know whats going on. Ashley all right. That was tongue in cheek, thats how i took that. Lets bring in dr. Marc siegel, fox news medical contributor. Doc, if its all about testing, then i guess arent these the real numbers, the more we test, the more we realize how much more prevalent perhaps the virus is . Thats part of it, ashley. Good morning. Part of it is an increase in testing and Peter Navarro also said that the president was being tongue in cheek there, but its not all of the answer. States like florida and texas and california have seen close to 4,000 or more new cases per day, but the flipside of that is, its mostly young people. Thats a positive because 20 to 40yearolds we are seeing here tend to get milder cases and in fact, the death rate from covid19 is down 40 over the past two weeks. We are not yet seeing the surges in hospitals and the cases themselves tend to be mild. The caution i would adhed here can we keep them from spreading to the communities that are most at risk. So far, yes. The states that are involved have to be paying particularly careful attention to this. Thats where the social distancing is needed the most, in florida, in texas, in california. Ashley very quickly, im sorry its so quick, we have 20 seconds, have we seen a surge in cases linked to all the protests we have seen around the country . Not yet. You know, we havent. We havent of course seen it we dont predict we will see it related to the president s rally either. We havent seen it related to the protests which is not the same thing as saying i recommend people congregate close together shouting without masks. I recommend the opposite. Social distancing, masks, being careful and being calm. So far, no. Its been tested all around the country, specifically minneapolis studied this. No uptick of cases related to the protests. Ashley there you go. Doc siegel, thank you so much. Really appreciate your input this morning. Virus cases here in new york city appear to be leveling off. We know that. Thats what the numbers show. So phase two of the citys reopening officially begins today. Kristina partsinevelos on sixth avenue. Im thinking midtown. Kristina, this reopening not without pitfalls, right . Kristina let me actually, we are in Hells Kitchen so we are off ninth avenue but last but not least, new york city is finally opening up phase two. The last region in the state to do so. That means Outdoor Dining like these lovely people are enjoying their breakfast right now. Barber shops, retail, some office space, some play grounds as well. But despite the reopening, the city is still estimating a loss of almost half a million jobs over the course of 12 months. Businesses are going to be very cautious. What i mean by that is if you go around just the entire city, you can still see that many of the restaurants, stores, everything is still boarded up. Theres also Office Spaces that are very very cautious, telling people to either stay home, come in late or they wont be allowed back until labor day. When you have fewer people, that means a huge drop in sales tax revenue for the entire city. We are also talking about the Restaurant Industry, though. They have taken a major hit. A loss of over 120 billion just over the course of three months. Thats why its so important for these restaurants to reopen. The city is estimating it will help 5,000 restaurants and 45,000 jobs. Back to you. Ashley all right. The sooner they get back, the better. Great to see life at least behind you, people enjoying a restaurant. Kristina, thank you very much. Lets take a look at the futures. Despite all this talk of a second wave and the resurgence of the virus, check out the markets. The dow, after losing ground in the last session, up 166 in the premarket. The s p and nasdaq up abo about. 75 . The Trump Campaign fighting back against claims that teens on tik tok sabotaged the president s rally in tulsa, oklahoma. How does the president think it really went . We will get into that. I will ask trump 2020 Strategic Communications director marc lotter, who will join me in the 11 00 hour to get into that. Check big tech. Attorney general william barr sounding the alarm amid recent incidents where Tech Companies are trying to censor content. More on that next. Theres something, you know, very disturbing about whats going on. These Companies Held sthechls out as open to all. Wherever you live, certain truths are universal love. Feels the same. Joy. Is a joint expression, and health. Is an essential need for all. 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We are officially in summer and the markets, well, are moving along very nicely, thank you very much, in the premarket although perhaps losing just a little bit of steam. The dow up 118 points, the s p and nasdaq up anywhere from. 6 to. 75 . Lets turn to the very latest from the president. In an interview with fox news, he confirmed new visa restrictions on the horizon. Lauren, come on in. What does that mean . Lauren yeah. Well, basically it means because more americans are looking for jobs now, the president wants to expand and extend restrictions on seasonal or temporary foreign workers. That means most will be blocked from visas or green cards if they come to the u. S. To do some work. The extension is to extend the end of the year very likely and is a key part of his reelection. Ashley the president again trying to end daca after a loss to the Supreme Court. The High Court Ruled 54 against, so if he refiles, from what he tells us, its going to be successful, he says. Lauren he says it will. Thats what he told john roberts. But he plans to rescind the Legal Protection to about 800,000 Illegal Immigrants that were brought here when they were children by their parents. The president is now going to refile that lawsuit and he expects to do so right before the election so again, immigration is going to be very much a part of his reelection campaign. Ashley yes, it is indeed. No big surprise. I should mention that later in the show we will speak to a daca recipient herself. Shes a nurse who works in a hospital in phoenix. Remarkable story. We will get to that. Thank you very much. Next one now, six states on the screen. We mentioned this before, easing more restrictions today. Finally allowing Outdoor Dining and for Small Businesses like hair salons and barber shops to open their doors, finally. Lets bring in ed rensi for this, former mcdonalds ceo. Ed, you say democrats are using covid to try and stop President Trump because they have no real plan or strategy to reopen themselves. Strong stuff. Yeah. Im a Small Business guy, i spend a lot of time with Small Business leaders and watch how they live and work. One of the things i do is i watch what people do and not necessarily listen to what they say. When i look at the Democratic Party right now with nadler, pelosi, schumer, schiff, all doing everything they can to get trump out of office and never once hearing how do you deal with china, what is the longterm strategy, how do you deal with the fact that joe bidens family was in the back pocket of the ukrainians and chinese, how do you feel with these issues of unrest in these major democratic cities, washington, new york, seattle, where they are releasing prisoners with felony records, gun violations, the murder rates are going up. I watch what the democrats are doing, they are allowing chaos on the streets of america in hopes that its going to spill over into the trump presidency. I think its criminal in a lot of different ways and its very very scary for the long term success of our representative republic. We are going to lose our freedoms. Look whats going on in seattle. Gangsters have occupied major section of the city. Its just not right or lawful. Ashley you say that basically then destroying the economy is the main strategy, if you like, for the democrats against the president. Is that what youre saying . Well, i dont know if its a strategy. Its an accidental opportunity, i think. When i look at this covid19, clearly its a very serious matter. We need to social distance, wear masks where we can and should, behave ourselves as good citizens should. We shut our economy down and put a lot of people out of work. There are a huge number of restaurants that are filing for bankruptcy. Big Companies Filing for bankruptcy. We cant let that kind of thing go on and we need to have a partnership between republicans and democrats to get this nations economy healed going forward. We need to get people back to work. When we think about the torture in the Africanamerican Community because of longterm racism, the best way to get people elevated in the Africanamerican Community, the hispanic community, is jobs and greatpaying jobs. I look from a standpoint of the Restaurant Industry. We had more young africanamerican and hispanic teenagers working than ever before in the history of this country and its now being destroyed because of covid and political activity which is just abhorrent to me. Ashley i think you said a lot. You are fired up this monday morning, ed rensi. Although we are starting to reopen and we need to get this economy rolling ahead. Thank you for your thoughts this morning. Much appreciate it. Very quickly, lets take a look at the futures market. We are still up nicely, but losing a little steam. The dow up nearly half a percent, up 115 points. The market will be reopening in about less just under seven minutes. Well be right back. Where will you go first . Wherever you may go, lexus will welcome you back with exceptional offers on exceptional vehicles. Get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. Experience amazing at your lexus dealer. It was 1961 when nellie young lost her devoted husband. Without him, things were tough. Her last option was to sell her home, but. Her home meant everything to her. Her husband had been a High School Football coach and it turned out, one of his former players came up with an answer. A loan, created just for older homeowners. And pretty soon, nellie young had one of the first reverse mortgages. Discover if a reverse Mortgage Loan is right for you. 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Since then over a million Older Americans have used a reverse Mortgage Loan to finance their retirements. It meant so much to nellie, maybe it could mean as much to you. Call now and get your free infokit ashley all right. About four minutes away from the opening on wall street and we are solidly higher. The dow up 139 points. The s p and nasdaq up abo about. 75 . Lets take a look at the big tech names, if we can. Tech always doing so much of the heavy lifting. Mixed bag. We see apple and amazon higher, facebook and Alphabet Google lower. Microsoft up about. 25 . We will see how that works out. Lets bring in market watcher jeff sica, good friend to the show. Sometimes called a permabear. Im not going to say that. Just did. Jeff, surprise, surprise, you are calling for caution amongst investors in the market. Make your case. Well, heres what i see. This has been a glorious 50day rally, almost 50 in 50 days. That is quite impressive. But look at the juxtaposition here. You have a market thats surging and you have an economy that 20 of the work force is out of work. I think we have to look at the fact that this has been the fed has their fingerprints all over this. June 10th, the fed is curtailing some of their purchases, redirecting their purchases which basically means the market isnt going to have the bazooka behind it that it originally had. So my advice to investors, if you participated in this glorious rally, to get ready, pull back on some of it. You dont have to come out of all the market, but you do have to take some gains in order that the next leg up is not going to be like the past leg up. Ashley got 30 seconds, jeff. Heading towards the open. Lets talk about retail. We had those strong sales numbers, surprised everybody, but you say the picture in a word is bleak. The retail heres the problem i had, even before this happened. The average consumer, ashley, was overleveraged. Even before covid. Now they are really overleveraged. Yes, they are buying. There was some pentup demand that boosted retail sales but that is not going to continue because of the amount of leverage. Theres going to be a day of reckoning where consumers are going to need to limit their liquidity increase their liquidity and curtail some of their purchases and thats going to affect the market. I think investors have to be aware that this is a consumerdriven economy. As the consumer goes, the market goes. We have to see an improvement, a lowering of debt levels and an improvement in consumer spending. Ashley all right. Words of caution and wisdom from jeff sica. As always, thank you very much. They are clapping down on wall street. The bells are ringing. We will get a new weeks worth of trading under way, as you can see, counting down. We will be expecting a nice open on the upside, at least thats what the premarket suggested. A sea of red, though. What . Down 71, 96, down 89. Walmart leading the way on very very early going. American express at the bottom end. We were calling for a gain of about 120 points. So far, we just have to take a breath and let it play out, but so far the dow off 75 points. Hm, he says. Lets take a look at the s p. That is showing a gain of about. 75 in the premarket. That, too, just down slightly on the s p, off a quarter of a percent, down seven points at 3089. Lets take a look at the nasdaq. Less than 2 away from alltime highs. That, too, say flat, down a couple points at 9943. We just turned positive. There you go. You talk about it, it moves up. All right. Next one, american airlines. Lauren, they are selling off stock shares and debt. Im assuming because of the virus, right . Lauren yeah. Because while the numbers are going up, a lot of people still arent traveling. Look at the reaction right now. American airlines down 5 right out of the gate here. They are seeking to raise 3. 5 billion in new financing. How . They sell 1. 5 billion in shares and debt and another 1. 5 billion in secured notes plus they enter into a 500 Million Term Loan facility. Thats a lot of numbers. But the money will be needed to enhance their liquidity position, because they already said their Second Quarter revenue is expected to be down 90 . Ashley yikes. Thats a huge number. But perhaps a little encouraging sign here, delta resuming some flights to china. Is that right . Lauren they will be the first u. S. Airline to do so and it begins on thursday which is june 25th. You can go from seattle to shanghai via seoul. There will be two flights a week. United is expected to fly from the u. S. To china starting in early july. Delta, first out of the gate here and it will be on thursday. Ashley yeah. Some signs of progress. All right, lauren, thank you very much. By the way, apple, their Worldwide Developers conference kicks off today. All of it of course online. Susan, what are we expecting . Susan first time in more than 30 years that apples Worldwide Developers conference will be held without a live audience, going all virtual. Still lots of excitement and even more interest as controversy is brewing over apples app store and the high fees some say they charge. We know the eu, European Union Tech Companies like spotify and basecamp are contending that apples 30 commissions on some of their app subscriptions is unfair in their view but apple contends that look, most apps are free, 84 , so they need to charge the fees for Tech Support Services and also ease of use for customers. Meantime, this event likely ushering a new era at apple. The tech giant to announce next years Mac Computers will come with applemade chip, ending a 15year partnership with intel. That might only be the beginning. New chips made for the iphone and ipad in the future. We are expecting updates on the iphone operating system, the ios 14 is expected to be launched, also the mac os update, apple watch, os7 which is the new operating system that could come with a new sleep tracker that many people are anticipated anticipating and also home pod updates as well. Maybe we will get an update on those apple store reclosures that dragged on the stock market on friday. As you know, as big a company as apple is, largest in america with so much market share, when they fall or go up, they take the markets along with it. Ashley they are a juggernaut for sure. Susan, thank you very much. Quick check of the big board. We were hoping for a nice strong opening. What did we get . Down, 158, 159 points. Maybe those surge in virus cases having more of an impact on Investor Sentiment than we thought at first. But there you go. We are off to a slower start at the beginning. I want to show you disney, if we can. Disneyland in paris has announced they will begin a phasedin reopening beginning july 15th. As you can see, the stock not doing much in a down market, off about a dollar, 113 for disney. Later this hour, we will be speaking with a former Disney Imagineer. Look forward to that. Lets take a look at the tenyear treasury yield, if we can. Kind of gives us a sense of where the market is and the yield down just a couple basis points. 68 on the treasury yield. Take a look at gold. We have seen gold, its been at a big resistance level, 1745, lot of gold bugs talk about that. They say if you can get through 1745, 1800 is very much in play. Its up 18, very defensive start to the day, that money going into gold. Lets take a look at bitcoin. Even thats up, 155. Bitcoin at 9,477. Lets take a look at the oil market, if we can. In the early going, oil down just a hair, about eight cents, just under 40, 39. 67 a barrel for crude. Lets take a look at tyson foods also. China is suspending poultry imports from one of their plants. Why is that, lauren . Lauren yeah. So ashley, china is suspending imports of tyson chicken and they will seize any tyson chicken that has already arrived there. Beijing is worried about contamination in the food supply, after 13 , 481 workers at a tyson plant in arkansas tested positive for covid19. Heres the rub. The world health organization, cdc, usda and fda all agree there is no evidence supporting covid transmission in food, yet china is blocking these shipments from tyson. Stock down 2. 5 . Ashley yeah. Okay. So the evidence does not prove it. Lauren, thank you very much. Lets take a look at tesla, if we can. They are cutting their new solar paneled prices. Susan, come back in. Susan now the prices are coming down by onethird. Onethird less than the industrys average cost. Some see this as a possible bargain. Hoorps heres a comparison for you. The average cost for a Residential Solar Panel system in the First Quarter of this year is around 83 cents a watt. Even before incentives, tesla says their system costs 43 cents less than average, and a 30 discount in large and extra large, roughly in line with 30 discounts as well. Then you get bigger discounts when you include the tax incentives you get back. Think of another 20 down according to my calculations on top of those cheaper prices. How could tesla offer a discount . They can cut sales and marketing by going digital. We know tesla has been looking at declines in recent quarters and years of solar panel systems. Hopefully these deeper and deeper discounts will get people to buy back in. Do you really need to, i guess, when electricity and gas prices are so low in these covid times . Ashley thats a very good question. As you can see, tesla under 1,000 a share, 998. Susan, thank you very much. Thank you all. Lets get a quick check of that big board before we head to the break. We were expecting a gain of 150 points. 300 point swing. We are down 163 points now on the dow. A little more sour than we anticipated. Atlanta mayor Keisha Lance Bottoms is blasting the president s rally in tulsa, oklahoma. That rally was an embarrassment. It was absolutely what the nation does not need right now. Ashley she was not the only one criticizing. Congresswoman alexandria ocasiocortez praising teens on tik tok that reportedly or claimed to have sabotaged the event. We will have the Trump Campaign here to respond to that. First, amc reversing course by now demanding all guests wear masks when they reopen next month. Are people going to come back to the theaters . Good question. We are on 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. 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My hands are everything to me. But i was diagnosed with dupuytrens contracture. And it got to the point where things i took for granted got tougher to do. Thought surgery was my only option. Turns out i was wrong. So when a hand specialist told me about nonsurgical treatments, it was a total game changer. Like you, my hands have a lot more to do. Learn more at factsonhand. Com today. Ashley we have a fox business alert for you. The white house confirming that economic adviser Kevin Hassett is stepping down this summer. No timeline given exactly, but Kevin Hassett will be leaving. Always been very genial and always with a smile on his face but Kevin Hassett moving on. We dont have a timetable on that but that is the latest news from the white house. Lets check the markets for you. We were hoping for a stronger start than we got. Well have to see how the day plays out. The dow off 154 points. The nasdaq down about. 2 ,. 5 down on the s p. All right. Lets take a look at the Movie Theater chain amc. They are reversing their controversial mask policy. Lauren, whats going on . Lauren they sure are. So if you want to see a movie at amc theaters when they start to reopen next month, you must, must, must wear a mask. The chain reversed course. It had said earlier we dont want to be political. So if you dont want to wear a face covering, you dont have to. But if the city, state or local area wants you to, then of course you will have to wear one. They received so much backlash about this, they are now requiring that everyone wear a mask and other chains including rival Regal Cinemas is doing the same. They are mandating it. Heres the rub. Whos going to police that if the Movie Theater is dark and you are eating popcorn and drinking soda anyway . But i think the bigger idea is you want people to feel comfortable being indoors watching a movie so if you require masks, that might make people feel safer. Ashley yes, indeed. But good question, who enforces it and whos going to go back to the theater . Lauren, good stuff. Lets take a look at amazon, if we can. Their big style sale begins today. Our next guest says they are positioning themselves as a world powerhouse if they are not already. Lets bring in gerald storch, former ceo of Hudsons Bay Company and toys r us. Gerald, lay out your case. Look, amazon wants to own everything. So the big style sale is an opportunity for them to do even better in apparel. Clothing has been a major push of theirs in recent years. They have done pretty well on the bottom end with casual apparel but they really havent taken over clothing the way they have so many other categories. They had to lay off of this a little bit during the lockdowns as they focused on necessities, and making sure commodities were in stock. Now is an opportunity with prime day postponed to september to focus on apparel a bit and they are doing it quite heavily starting today with a lot of sales. So this is another attempt to capture another category on top of food, on top of electronics, on top of Everything Else they want to own and be the dominant player in. Ashley so you were the ceo, one of those stores really taking it on the chin from amazon, what would be your strategy . How can you compete at any level . Well, it should be no surprise to you this is the most frequent assignment i get with my consulting firm. Ashley right. What the heck do i do about amazon coming to eat my lunch. It has to start with a really frank assessment of where you are. Too Many Companies are like that frog in the pot of water, you know, thats starting to boil. They dont realize the end is nighe and they are tinkering around and they dont realize its not going to work. They have to make massive change. One of the most important steps is verticalize the business, make sure you are selling product you cant get anywhere else because if its on amazon, if its on 100 other retailers your margin will be crushed and you really wont have a business. At the end of the day for most other retailers in the world, they wont have enough money to compete against amazon and walmart so you have to pick a side. You have to align with them, ally the way a small country has to pick a bloc, be with china, with russia, with the u. S. You have to be with amazon, partner with them or partner with walmart, amazons archenemy. If you want a future, you have to be aligned through them because you wont be big enough to make it otherwise. Most other companies havent awoken to the reality of how big this crisis is for them. Ashley but in the case of apparel which you mentioned, thats a very niche market. I dont know if amazon is going high end or more middle or lower end, but theres always opportunities for others, though, right . Well, there should be but you know, they are the largest already now, they have done so great and are doing great with casual apparel. Now they are working with vogue on new designers. They will keep creeping up and up and up and more companies dont realize if they want to play, they will have to play on amazon in order to succeed. Look, over half of the searches for products begin and ownend o amazon. If youre not there, you do not exist. They will keep pushing and pushing and pushing and pushing until you have to either join theres only one other guy, thats onetenth the size of amazon and thats walmart. Only one other guy Strong Enough to fight this battle so you better align with somebody if you want a future here. Now, the biggest problem is a lot of these small players are not selling anything even special. You can get it everywhere. They are selling the same brands in Department Stores you can get online, you can look it up online and buy it 100 different places. You will never make any money selling it. If you are lululemon, you have a really unique product, then you can have your own store and tell amazon to shove it and all the rest. For every one lululemon, theres like 200 retailers who wont be able to compete unless they do something different. Ashley its fascinating, because at one point, walmart was the bully on the street. Now they are a tenth of the size of amazon. Gerald storch, great stuff as always. Thank you so much. Appreciate your time this morning. Lets take a look at those big tech names, if we can. Some have seen their fair share, of course, of scrutiny surrounding censorship of conservative ideas. Susan, now attorney general bill barr is weighing in, right . Susan yeah, thats right. We know the doj is looking to repeal protections Tech Companies enjoy under the 1996 Communications Decency act which actually shields Tech Companies from being sued or prosecuted for content that their users post. This still needs congressional passage but we know that last week, google was also accused of liberal bias against conservative voices, then after claims from conservative outlets like the federalist, zero hedge, that they were demonetized after controversy posts in the comments section about black lives matter and so this only came after pressure from nbc news. But google later claimed the federalist was actually never limited, also we heard from senator tom cotton as well who said that twitter tried to permanently lock down his account if he refused to censor some of his tweets on the topic of riots and looting. Also senator josh lawlehawley proposing legislation that would allow Tech Companies to be sued if they engage in selective censorship. So from being too big, antitrust, from censoring conservative speech, it looks like Tech Companies are caught in the spotlight on both sides of the aisle, mind you. Ashley they certainly are. The debate goes on. Susan, thank you. President trump says he will likely refile plans to end daca before the november election and coming up in our 11 00 hour, we will be joined by a daca recipient with her reaction to all the latest developments. By the way, nearly a dozen disney World Resorts and hotels are reopening their doors today as the parks move closer to that grand reopening. But will the new Safety Measures in place, will people really come back with those in place . We will talk to a former Disney Imagineer who will join me to discuss that, next. Disconnect between. To be. 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. Ashley all right. Welcome back. Lets take a look at disney, if we can. The market trying to come back but disney, up about half a percent at 115. They are to start reopening some of their hotels today. Thats encouraging, right, including disney deluxe villa resorts and forest wilderness resort and campgrounds. Lets bring in a former Disney Imagineer, friend of the show. Bill, disney expanding its Safety Measures, we know that. Do you think people will be encouraged to come to the resorts . Oh, i think they will, ashley. These are longawaited trips for a lot of people, and they miss the theme parks, they miss their leisure entertainment. I think the pentup demand is going to be there. Then disney, like the other attractions managers, are just going to have to do a great job of not only making people feel safe but elevating their entertainment offerings. Ashley you know, part of the rule says that everyone above the age of 2 has to wear a face mask. I just know as the father of four children, they are all grown up now, but trying to keep a face mask on a 2yearold, 3yearold, 4yearold, and so on, especially say in the heat of orlando, is near impossible. Yeah. Orlando is experiencing summertime now so its 95 degrees and humid here, so what a challenge that would be for any family, but i think in the end, a lot of these people have been experiencing some of this leading up to this. Its not a completely strange experience for the kids. Ashley you know, if anyone is creative, it is disney and everything they do. Its all about confidence, isnt it, bill. Have they, i guess the key is to start off strong and go from there, word of mouth from family to family to say hey, disneys got it all sorted, thats critical, right . Thats exactly right. You know, word of mouth is in large part or social media is in large part how disney or the Universal Studios of the world inspire people to return. I think they are managing that process, but i also think the initial guests that are coming are disney fans, in any case and i likely wont say too many bad things about them even in this restart. Ashley bill coan, great stuff. Thank you for joining us. Still a big show aahead. Keep it here on Varney Company. [shouting] [clapping and shouting] [cymbals clanging] [knocking] room for seven. And much, much more. The firstever glb. Get 0 apr financing up to 36 months on most models, and 90day firstpayment deferral on any model. announcer reliability is everything. So, if your networks down, youre down. Verizon knows your customers need to reach you seamlessly. Your team needs to work from different places across many devices. Plus, you want the security trusted by some of the Largest Companies in the world. And thats why you trust us. The most Reliable Network in america. Ashley welcome back, everybody, im Ashley Webster in for stuart today. He will be back tomorrow. Were 30 minutes into the trading day. Well see where were at. As you can see the nasdaq managed to turn it around up a quart i of a percent at 9970. The dow down 22 points. 25848. The s p essentially flat at 3096. We have seen microsoft strong today. Apple up 1 1 2 . Microsoft up 1 1 2 . Amazon the behemoth as it is 2680 on amazon, up another half a percent. Lets look at airlines, they are desperately trying to stay afloat. American Airlines Shares down sharply, down 4 1 2 . After announcement it is seeking to raise 3 1 2 billion dollars in financing to improve the airlines liquidity. Look at United Airlines if we can. Those shares are, let me see, those shares have been moving slightly lower, down 1 again after reports that the airline will be launching a 5 billiondollar debt sale. They need the money to keep them going until things get back at least partially normal. Well look at the news with delta air lines. The news with china, they will resume flights between the u. S. And china on thursday. The stock is around 29. Okay. It is that time. We have the latest read on existing home sales. It is a big number, susan. What have you got . Susan weaker than expected. Were looking at 3. 91 million homes exchanging hands. That is down 9. 7 for the month of april. This is slightly worse than anticipated by economists. They were looking for sales over 4. 1 million in the month of may. Looking for a slight drop april, down 3 . This is worse than anticipated. Here is the interesting part, home prices hit another record high. So up another 2. 3 in the month of may. Were looking at 284,600 is the average selling price for an existing home sales. That make up 90 of the market. Now remember, april was a pretty horrible month, right . It was the lowest weve seen going back to 2010 in 10 years. Also the steepest drop in the month of april for home sales since july of 2010. Now, this is slightly an uptick from that, slightly worse than anticipated but if you still look at home prices, recovery is underway in housing. Ashley yeah the big issue always, is lack of inventory. With that, that is why prices are up. Sellers market for sure. Slight miss, susan, thank you very much. Another side of the market, rents, rents in new york city notoriously high, we know that they are beginning to fall because of the pandemic. Some landlords offering perks to get renters to stay. Tell me, lauren. Lauren fee peloton bike and three months rent. Rents are going down. In san francisco, as much as 9 this month compared to last year. This month in new york city as much as 3 . So where are folks going . The surrounding suburbs where they have space and a yard. Those rents are going up. Look at this one example, livemore, california, 10 miles from san francisco. Rents increased 10 . How do landlords react to that . How do you get people to stay in a big skyscraper in a city. Three in free exercise equipment or free rent. We dont want pool in the building anymore, how about a patio . Space. Ashley space, right. The prices in new york have gone from outrageous to ridiculous, were saying . It is relative, is it not. Lauren maybe a little less ridiculous. Ashley okay, well take it. Lauren, thank you very much. A quick check on the market if we can. By the way those are the homebuilder stocks as we got somewhat dispointing new home sales number. The dow turning it around. The nasdaq up about a third of a percent. S p also up marginally by four points. As the economy does continue to reopen 12 states are now seeing a surge in virus cases somewhat to be expected, right . Lets bring in ed yardeni. Ed, are you worried about the rise in new cases or just to be expected as i said . It is to be expected but like everybody else im worried about it. Were reopening the economy. I hope people are being careful. We have to continue to social distance and we have to wear masks. If we dont do that, were going to have rising cases but i dont think well take a step backwards into lockdowns again. I think that was way too painful for the economy. I think well have to learn to live with the virus until we get a vaccine or cures. Ashley well, with regard to the fed and the financial front you say that side of things is firmly under control. That is what you believe . It seems to be. We have had this huge tugofwar between the fed and the virus and, clearly there is nothing the fed can do about the virus from a health perspective. But, from the point of view of the economy and the financial system, the fed is actually done a great job of making progress on those fronts. Particularly on the financial front as weve seen with the stock market and credit spreads. Ashley how confident are you of a recovery going into the Third Quarter which will be slow, i have a feeling . Right. Ashley by the time you get to the fourth quarter, the beginning of next year, how bullish are you . Well, i think we are going to see a vshaped recovery in the third and fourth quarters. Next year i think it will be more like the nike swoosh where things start to slow down. There will be some aftershocks that slow the economy down going into next year. You know, in some way it is just arithmetic. The Second Quarter will be so horrible with real gdp probably down by 40 , a 20 increase in the Third Quarter for real gdp at an annual rate is very likely. Something like 5 in the fourth quarter. So i think were seeing lots of evidence with people are coming out of their cabins with cabin fever, spending money there is so much liquidity and cash piled up in march and april that i think you will see a lot of that being spent the next few months. Ashley well leave it right there, on very positive note. Cabin fever indeed. Ed yardeni, thank you so much. Appreciate your time this morning. Thank you. Ashley lets look at apple if we can. Those shares on the rise this morning, up another five bucks. Apple at 355. This as it is Worldwide Developers conference kicks offer today, they are making changes by the way how they operate their genius bars. How is that going to work, susan . Susan covid19 times reopening, most of 271 Stores Across the country after shutting them midmarch. It is all different now. Were talking about social distancing that needs to take place with the genius bars. It is more dropoff and pickup rather than hang out. If you live in states with a lot of open wide space you will be directed to a parking slot, a tendee, a genius bar worker will assess what is wrong with the ipad, iphone, any device you need to get worked on. You will pick up later on. This is the part of the whole genius bar and store revamp to make sure everyones safe. Ashley all right. Very good and some stores are reclosing. We talked about this a little bit at the top of the show, susan, because of a spike in virus cases. Susan this is the reason we saw stocks drag on friday afternoon after the announcement apple is reclosing 11 of the stores in four states two near Charlotte South carolina. One in south carolina. Two near naples, florida, one across arizona. They call abundance of spike in covid19 cases in those particular states. As i mentioned apple has 271 stores in the u. S. Most of the stores only reopening after being shut in midmarch. As i mentioned there are so many new precautions in the coronavirus times. It is mostly pickup. It is appointment only. Everybody has to wear masks. There are temperature checks at the door. The iconic cube at apple store only reopening last week. Biggest one in america. More people visit that store than the statue of liberty each and every year. They need to take extra precautions. This is place where you dont have parking slots. You can pick up the devices. Limited capacity indoors. Obviously. It will be interesting to see if tim cook mentions any of this in terms of store reclosures or coronavirus in the keynote in the Worldwide Developers conference. Ashley i know you will cover it every step of the way. Susan, thank you very much. Lets take a look at big bankses if we can. Cash deposits have grown since the virus hit how much by, lauren simonetti. Lauren records. Banks are swimming in cash. They have hit 2 trillion this year. So from january to june. How is that happening . I thought we were cashstrapped . There are three big reasons. It kind of explains it perfectly. Stimulus checks, from the government, direct deposited where do they . In beige accounts. Small business loans. Companies drawing on lines of credit. All of that money eventually ends up in the bank. That is why were seeing deposits and 2 trillion. If you like to save money, this is not good for you, because there is zero incentive for the banks to increase interest rates. So you make more on your savings ashley always wanted to swim in cash. I would do the back stroke, so i throw the notes up as we go along. That would be fun. Lauren do a dive and throw it up like that. Ashley very good. Why not . Lets go to washington, there is pa new bill that would let some Small Businesses apply for a second loan from the ppp program. Hillary vaughn joins us with the story. Hey, hillary. Reporter ashley the Payroll Protection Program helped five million Small Businesses. Senate democrat on the committee wants to help ppp loan recipients basically drying up or on the track to do so. Theyre introducing a proposal, prioritized paycheck protection program, called, p4. It would only apply to Small Businesses with a ppp loan but that money has completely run out or is on track to do so. You have to experience a 50 loss in revenue due to coronavirus. You also, there are more restrictions on p4 than the ppp program. Under p4, publiclytraded companies would not be eligible for this second round of loan funding. You also would need to have hospitality and lodging businesses they cannot have, or if they have multiple locations the loan cap for that is under two Million Dollars and theyre going to prioritize smaller businesses. So companies with 10 employees or less. They will request the demographic information. But timeline on all of this, ashley, is really up in the air because Senate Majority leader Mitch Mcconnell says if they pushing through another coronavirus aid package, it would not be happening until they get back from recess at the end of july. There is a big question even if this would be folded into that. Ashley . Ashley yeah. Times running out for a lot of those Small Businesses. Hillary, thank you very much. Interesting. By the way the Trump Campaign blaming a weeks worth of fake news for the lower than expected attendance at a rally in tulsa this weekend. This as teens on ticktok are also taking credit for low numbers. Media guy, howard kurtz will break it down for us. 40 Major League Baseball players and staff have tested positive for the virus. How will that affect the possibility of a 2020 season . Well talk about that. Plus new york citys museum of Natural History removing an iconic statue. Weve got the details coming up. Now more than ever, you need technology you can rely on. And people you can rely on. Im a Dell Technologies advisor. Me too. Me too. Me too. And if youre a Small Business, were with you. We are with you. Were with you. We want to help. So well be right here. At home. Answering your calls. Providing support. And standing by you every step of the way. Bye bye. Wherever you make go, lexus will welcome you back with exceptional offers. 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Ashley were playing that clip from the movie, night at the museum because weve got story about new yorks museum of Natural History removing a statue. Lauren. Lauren youre looking at it, Teddy Roosevelt on horseback with a nativeamerican and flanked at his side. It will be removed. President trump tweeted about that. Ridiculous. Dont do it. The museum of Natural History on Upper Westside proposed decision. New york city agreed for symbolism of racism and colonialism. Mayor bill de blasio says this, the city supports the museums request. It is the right decision around right time to remove this problematic statue. Even Teddy Roosevelt the 4th, greatgrandson of the of 26th president of the United States, time to move forward to remove the statue. As we do this, ashley, were removing parts of our history. Were not adding to the statue something to explain it. Were removing it. Makes you wonder what will be in the history books when all said and done. Ashley thats a good point. One college is removing yet another confederate statue, right . Yeah. Ole miss, the college in oxford, mississippi. It will remove a confederate statue at the main entrance where everyone can see it. The College Board voting to transport it to the confederate cemetery which is right across from campus. So it wont be going far but this is still being hered by some as an institution confronting racist roots. Ashley all right. Lauren, thank you very much. Lets move on, talk politics. The latest poll from fox news shows that 57 of voters under the age of 30 would vote for joe biden if the election were held today. Only 20 of those voters would vote for President Trump. Lets bring in, good time to do this, charlie kirk, turning point usa founder. Charlie, your reaction to that poll . One interesting thing, great to be here by the way, i found out about all the rallies and protests that was missing, i didnt see many of these young people have biden for president signs. Now look, i challenge that poll on its face value, what is the enthusiasm for joe biden . Where is the energy . Where is the spirit. I dont see a lot of it especially with young people. This was the big moment. You had hundreds of thousands of young activists in the streets protesting for social change. None of them from my own observation and from all the data and intelligence that weve gathered were really talking about how joe biden was going to be the instrument to effectuate that change. I think that poll is going to really narrow between donald trump and joe biden. I think a lot of young people are experiencing i would believe, theyre going to experience a policy reawakening in some sense. Here is the way i would phrase that. These leftists policies are destroying our inner cities. They have left young people in debt with decreased job opportunities. President trump already built the most robust economy in american history. He can do it again. Ashley well, it is interesting because genz, millenials, we are told, i think youve said this, want to run their own lives and make their own money, which is what america is all aabout. So surely a free market kind of environment. And yet, why wouldnt they be more interested in a republican conservative point of view that would enable them to do just that . Yeah. You have an iphone generation that bans to vote for post office party. It doesnt add up for me. Here is the referendum that President Trump needs to make possible for young people is that im going to fight for you. Im not going to cater to special interests or to global interests that put you at a disadvantage. If you look right now, you have a very difficult job market for recent college graduates. What they want to hear, they warrant to hear a president will do what he will do today, sign executive order to restrict administration, that put american graduates first, that went into the School System and wept into debt. The president has a once in a Generation Opportunity to do better than any other republican in the youth democrat. Were hosting the president of the United States in phoenix tomorrow. Ashley right. Own the message that the president is going to share to our students we believe will be one of optimism, positivity and one of a Strong America for our generation. Ashley youve been traveling the country and speaking in College Campuses for what, now, charlie, six years . You must have been 12 when you began. Listen, you have fought the good fight. Is there any sign of perhaps a more conservative view at least being given the time of day and people prepared to listen . Or are you getting shut down immediately when you Start Talking . I have a lot of optimism for the future of our country. I can tell you most young people, that they are not opposed to conservative ideas. They have never been exposed to them at all in the first place. Once we make them aware of our viewpoint. Look the last couple weeks showed just over emphasize on monopoly on leftwing ideas. Defunding police, abolishing our history. I think a lot of students are looking to the other side theyre saying, maybe is all of our history awful . Should we take down every single statue . Were seeing a new curious conservative come with young people and were here to lead that charge. Ashley very good, charlie kirk. And good luke with the event tomorrow, should be a lot of fun. Thanks for joining us today. Much appreciate it. Look at markets, modestly higher. We started off down 150, 160. Now as you can see the dow up 41 points. The s p and the nasdaq, nasdaq up a third of pa percent at this time. Look at virgin galactic. What are they doing right now . Theyre up 11 . That is impressive. The company by the way signing a deal with nasa for a Training Program looking for astronauts to visit the International Space station. That giving the stock a nice boost. Up 1. 86, for virgin galactic. North face is dropping ads in facebook over hate speech. That is interesting. Susan, tell me more. I can see your face. Just last week, facebook took precautionary measures they remove ad Trump Campaign ad saying it violates facebook policies because it showed a symbol that links back to nazi germany. Despite the move by facebook, north face says they are no longer advertising on the platform this announcement came after the groups in the Stophateforprofit Campaign launched last wednesday. Antidefamation league, naacp, large advertisers to cut ties with facebook. Facebook, unlike twitter didnt shield President Trumps post on minneapolis, the controversial, when the looting starts the shooting starts. If you doesnt do something, then youre shielding hate speech. It just seems there is no right answer. Ashley no, there isnt. Its a difficult one, is it not. Susan, thank you very much. I want to move on to this, now. Many barbershops and beauty salons are reopening around the country but some stylists dont want to go back. Why, instead theyre cashing in on a new normal. Coming straight to your door with a mobile salon. I do that for my dogs. Also gearing up by the way to reopen, tattoo parlors. Would love that, wouldnt he. How would that work with all the social distancing restrictions . I will ask the question after this my name is trisha. Im 70 and i live in mill valley, california. My biggest passion is gardening. I love to be outdoors. I have jaybirds that come when i call. I know how important it is to feed your body good nutrition. I heard about prevagen and i heard about the Research Behind it. Taking prevagen, i have noticed that i can think clearly. My memory is better. I can say that prevagen is one of the most outstanding supplements ive ever taken. Prevagen. Healthier brain. Better life. Ashley all right. The markets have been open for just about an hour on this moaned and as you can see we turned thing around the dow up 45 points. The s p and nasdaq also just slightly higher. Lets take a look at netflix if we can, hitting an alltime high this morning. That stock up another 1 1 2 . Netflix at 460 bucks. Well lets look at amazon on pace for another record close if can keep it going up modestly. Amazon as you can see, it is not up modest, up 19 bucks at 2690 on the behemoth that is known as amazon. Now this, new york city beginning phase two reopening. Lauren, tell us more. Lauren im looking at susans shot, you see sixth avenue behind her. 150 to 300,000 people are allowed to return to work. Were talking office work. 50 is the capacity. Not all of these will return. Still that is a nice number as we start to get back to the new normal. Restaurants can open if they have outdoor seating. People can go inside to shop. You can go inside of a store, not a mall. If the store has a door to the street, you can go in, 50 capacity. You can get a haircut. A lot of people need that. The kids can play on the monkey bars in a playground. Look at this, phase two is here. Phase three should cover the manicures which i need and tattoo parlors which stuart is against and some other stuff. A lot is opening today. Ashley yeah, it is encouraging, is it not . Slight, getting back to as close to normal as we can. Lauren, thank you. New jersey also seeing a lot of sectors reopening. Good news there. Personal care services, organized sports practices. Some swimming pools and hair salons, and yes, tattoo parlors. Joining us now is ray mandle, renaissance studio tattoo artist. Ray, great to have you with us. My first question, im sure our viewers would have this question too, how can you give tattoos and practice social distancing . Well, we definitely will be close to the person were taking a lot of extra safety precautions beforehand to just limit exposure. Or possible exposure. Ashley right. Explain to me, how hard has it been to survive through this lockdown . I mean, have you had to let employees go . Bring me up to speed where you are. Unfortunately the shop shop i work at in new jersey, we do pay into unemployment. I was able to get Unemployment Benefits for the whole break. Which was a blessing. Most tattoo artists dont have that opportunity. Were like a freelance profession. Ashley so were lucky to have that. Ashley yes. Well, that is planning ahead. That is very good indeed. What kind of business do you think youre going to have . I mean the tattoo business has done very well in recent years but is it going to be a slow comeback do you think . Absolutely. Oh, im, when we shut down i was about five weeks booked out. All of those clients are pretty much scheduled and booked back up. Im busy. So august, i will open my books back up then, start taking new appointments. So i think people are waiting. Theyre ready. Theyre getting antsy. They want to get back to the normal lives. For sure. Ashley how much does an average tattoo cost, ray, just out of interest . Depends, depends who you go to. Depends on what youre getting. They start at 100 and can go up to 3,000, 5,000, really wide range. Ashley wow. Yeah. Yeah. Really wide range. Ashley for you, yeah, no kidding. So social distancing cant really be practiced if youre putting ink on someones skin but i imagine all the other Safety Measures are in place . Extra cleaning and sanitizing and all of that . Yeah. Were doing appointments only. Were controlling the flow in and out of the shop. They have to come alone. They have to wear a mask. Soon as they come in, they have to wash their hands. We do temperature checks. Were also wearing masks. Everything is sanitized. Fortunately in tattoo shops we deal with a lot of blood borne pathogens as it is. Were used to medical safety procedures and practices. Were adding a few more with added measure. Ashley have you been frustrated with the governor and local governments how long it has taken for you to be able to reopen . Honestly, no. I would rather reopen and not have a second wave or a shutdown again. So i would rather have the time to get this thing out of here and us get it back to normal life. So, i think most tattooers are pretty on board with that. You know, we really want to get back to work and not want to stop again. Ashley i think that is the Perfect Place to leave it. Ray, thank thank you for takinge time to join us. Good luck, and getting back to normal is what its all about. Have a good one. Have a good one, sir. Ashley doctors may not be making house calls anymore, most of them dont but barbers are. Grady trimble is in long grove, illinois. Looking good, very neat and tied di, grade did i. How much to one of the at home haircuts cost, is it more . Reporter no. Just about the same. You caught me mid haircut, ash. It looks like a salon. It feels like a sal loan. Were actually in the back of the trailer. Keisha king is owner of chopchop mobile salon. You noticed increase in calls because of coronavirus . Yeah. It has been amazing. Weve had 400 increase in website traffic. Majority of it is coming from individuals and families that are looking for convenience having onsite salon. Reporter super convenient. For all our viewers know i could be right outside of my house. It is also good right now because you dont necessarily need to ininteract with strangers to get your haircut. Exactly, exactly. A lot of families find it convenient to have their kids sit next to each other, get hair done right in their home. Reporter big Customer Base is Corporate Events and offices. That is kind out of picture right now, if youre trying to make up for people like me. Exactly. We had to pivot. Our normal clientele is corporate offices. We work with brand activation and trade shows. Reporter hopefully i it will come back soon. Ashley, i point out it is called a mobile salon. Happy to know were not moving while the haircut is taking place. Not worried about hit as bump and clippers going off the rails. Ashley yes, indeed. A bald patch on the back of the head would be hard to explain. Youre looking good, grady trimble, i wish chopchop could drive to connecticut. I could use it. Grady trimble, good stuff. Newly coifed grady trimble. Were getting new details from the administration. Well bring them to you very soon. By the way the Trump Campaign also responding to questions about so many empty seats at the president s weekend rally in tulsa, blaming the Mainstream Media for scaring people away. Media buzz host howie kurtz on that next. Youre warriors. Ive been watching, ive been watching the fake news for weeks now and everything is negative. Dont go, dont come, dont do anything. Today it was like, i have never seen anything like it. I have never seen anything like it. Looks like they picked the wrong getaway driver. Theyre going to be paying for this for a long time. They will, but with accident forgiveness allstate wont raise your rates just because of an accident, even if its your fault. Cut sonny. Was that good . Line the desert never lies. Isnt that what i said . No you were talking about allstate and insurance. I just. When i. Lets try again. Everybody back to one. Accident forgiveness from allstate. Click or call for a quote today. vo at whether on the track,that exhor the everyday drive. Ty, today, that philosophy extends to how we connect with you. We call it, audi at your door. Whether a remote test drive, shopping, tradein, or even service pickup, audi at your door can do this and more at participating dealers. The premium audi dealership experience, on your terms. Audi at your door. We could never do what they do. But what we can do it be a partner that never quits. Verizon is the most Reliable Network in america. Built for interoperability and puts First Responders first, giving their calls priority, 24 7. We do what we do best so they can too. Ashley President Trump just tweeting this. Unlike the radical left i will always stand against socialism and with the people of venezuela. My administration has always stood on the side of freedom and liberty and against the oppressive maduro regime. I would only meet with maduro to discuss one thing, a peaceful exit from power. Susan, why is the president tweeting about venezuela now . Susan links back to president s trump interview with axios. This was done in the oval office on friday where President Trump hinted that he might think about a meeting with maduro. Why is this important . Will this upend his administrations policy when it comes to venezuela since the u. S. And 12 other nations formally recognized juan guaido as the official leader in venezuela but trump indicated with the interview in venezuela that he doesnt have much confidence in guaido. It has been 18 months. Despited the fact he has u. S. Support and 12 other nations around the world he still has not been able to wrest away control from maduro this goes against the trump bolton book we know is released tomorrow where bolton suggests that guaido, President Trump thought guaido was weak and maduro was strong and he was calling the guaido the beto orourke of venezuela. Ashley thank you, susan. Back to this story. The Mainstream Media quick to point out empty seats at President Trumps first rally in tulsa. Lower than the expectations that the white house and president himself put out. They expected this arena to be full. You can see behind me seats are not filled. For him all he cares about is how it looks and boy, oh, boy, it looked embarrassing for him tonight. Ashley used that word a lot, embarrassing. Here is what the Trump Campaign had to say about it. Look at the from the response, a weeks worth of the Fake News Media warning people away from the rally because of covid and protesters had a real impact on people. For the media to celebrate the fear they helped create is disgusting but typical. Lets bring in howie kurtz, host of media buzz. Howie, the Trump Campaign blaming the media. Also threatening to pull credentials. What are your thoughts . I dont think that will happen. I have a tough act following the tattoo guy. I will tries to raise my game. There was a week of relentlessly negative coverage about the oklahoma event, about the health impact. In fairness, a lot of Health Officials were saying you put thousands of people in arena, you could have a covid risk. The blatant double standard we heard almost none of those morning during weeks of nationwide protests about Police Brutality and racism which carry equal risk. I think blaming entirely on press, sure some people were scared away. The problem the Trump Campaign let expectations get out of control. They would pack the 19,000 seat arena. There would be overflow crowd outside. President would speak there as well. That didnt materialize. Ashley talking of which, what do you make of the reports, read this two or three times, really the teens requested thousands of tickets, ticktok and what have you, to bank the Trump Campaign, what are your thoughts on that . Well, it is true that some of the younger people on ticktok, i have a Family Member who has 700 followers by the way, you know were mounted this campaign to buy hundreds of thousands of tickets or reserve them, i should say, cancel in order to jack up expectations that was minor factor. Nobody thought a Million People would come. The question was would they pack the arena. Brad parscale, they are having a fun time claiming victory here but i dont think it was much of a factor. Ashley did it do much damage to the president s standing do you think. You know the people who are, you see all these reports, it is debacle, he was trying to reset, it was awful. The fact he didnt have a clear theme in the speech, it was kind of a rambling greatest histories. He talked about going doesnt ramp and it was slippery i dont think the content of speech helped him that much. Everyone forgets well be on to three different trump controversies. This will be totally forgotten. I dont think it will be a devastating event that will live on through november. Ashley we move on quickly these days. Howard, thank you so much for your time. Appreciate it. Trump administration by the way looking for ways to bring manufacturing of critical goods back to the United States. Edward lawrence has the exclusive details on this story, ahead after big announcement. Edward . Yeah. Arcly, in about 15 minutes the administration putting their money where their mouth is to pay and help Pay Private Companies to bring critical manufacturing back to the United States. The department of defense at the top of the hour is going to announce they will put up 100 million to the defense production act to help backstop some financing for private companies with that critical manufacturing to come back to the United States. The dod can do this through the International Development finance corporation. That is a independent Government Agency that has links to private companies there. Today the call for applications is going out to private Companies Bringing manufacturing critical to the United States back. Were talking about ppe, the mask, gloves, swabs anything related to medical. That also includes generic prescription drugs, bringing that manufacturing back to the United States. This would kind of be a backstop for the financing for those companies to get those loans to move that manufacturing back. The administration has been talking for a while about possibly tax breaks. This is actually putting money where their mouth is right now. Ashley . Ashley interesting stuff. Edward, thank you very much. We move on. Is this the new gold rush . Cowboys now on the hunt for dinosaur bones across the west. In the next hour, this is fascinating i will be speaking with one of the stars of the show, dino hunters. I will ask how much a fossil could fetch them these days. Quite a bit i understand. Baseball fans holding out hope that the 2020 season will become extinct. I hope now. The league facing brand new setbacks. More on that story next. 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. Sawithout evenon yoleaving 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. Ashley all right. Get a check of those markets for you. The dow just turning slightly negative again. It is lacking any direction. The dow at 25,846. The s p sensely flat at 3908. Turning negative on the s p. Senates dak only one in the green. Up a third of a percent on the nasdaq. All right, now this, another potential setback for hopes of the 2020 major league season, Major League Baseball season, that is, getting underway. 40 players in staff and now tested positive for covid19. Lets bring in todd piro. Todd, what impact does this have . Reporter ashley, the reason that this is important because it delayed a vote by the players whether to accept or reject the current proposal by the league. So new terms went into the agreement. Based upon these latest covid numbers and here is where we stand. The players can either at some point in the next couple days, when they vote reject or accept. If they accept the current proposal at 60 games, they would lose the ability to file a grievance. If they reject they retain the right to ultimately file a grievance on the current proposal. But it goes into the hands of the owner. The owners say well schedule the games, or owners can say, there is too much out on the table. We dont want to get sued by the players. They may scrap the entire season that would obviously be bad news. The second thing obviously on everybodys mind. The latest covid numbers, but arizona and florida seen horrible numbers if we ultimately get a season, any spring training will not be in arizona and florida. It will be in the home states of where these teams play. Ashley todd, what is interesting if you listen to the players and the players association, of course safety is a premium issue. It always comes down to money. The players are trying to get as much money as they can. I understand that. Can they get into any sort of an agreement with the owners . That is the issue. Were down to 70 games, that is what the players want. That is not going to happen. It goes egg to 60 games. We cant play games too far into november. Fear of second wave. Baseball is a warm weather sport, not a cold weather sport. They need 60 games to get playoffs ultimately played. They want the playoffs played in full at some point in september, with a truncated 60game season middle of july to middle of september. Ashley like you said, todd, if indeed the season is scrapped, that is of course the worstcase scenario, what does that do to americas pastime . Surely the players recognize this. That combined with the fact there is another collective Bargaining Agreement next year. This is not going to go well. Ashley right. Especially if you lose a season this year, next year youre fighting over, money once again. Major League Baseball didnt need pandemic before a major labor negotiation. That is what they got. This is americas pastime. Or at least was. Football is on the heels especially if they play another season, football will take over. Ashley no kidding. We keep up hope. Todd piro, grade stuff. Appreciate your time this morning. Okay, another big hour of varney ahead. The antipolice movement spreading to the gaming world, if you believe . Fortnite one of the biggest gaming videos in the world making big changes. As country reopens, states struggling with high unemployment numbers. What do they have all in common . They are all run by democrats. Steve moore has a lot to say about that. He is up next. The Trump Campaign receiving one million ticket requests to the tulsa rally but just 6200 people showed up. What happened . I will ask a member of the trump 2020 campaign coming up yeah yyeah yeah hey, hey wherever you may go, lexus will welcome you back with exceptional offers on exceptional vehicles. Get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. Experience amazing at your lexus dealer. Look, this isnt my first rodeo and let me tell you something, i wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Its just a loan designed for older homeowners, and, its helped over a million americans. 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Learn how homeowners are strategically using a reverse Mortgage Loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. Look, reverse mortgages arent for everyone but i think ive been round long enough to know whats what. Im proud to be part of aag, i trust em, i think you can too. Trust aag for the best reverse mortgage solutions. Call now so you can. Retire better ashley all right. There is a live look of new yorks times square. Still pretty desolate, is it not, where it is now 11 00 a. M. On this monday morning on the east coast. Today, its a modest reopening. The city enters phase two of its reopening plan. We will have a live report on that in just a few minutes. As new york slowly tries to get back to normal. First lets take a quick check of the markets, if we can. We started off down, we came back and now we are starting to go back a little. The dow, as you can see, off now 105 points. Earlier today we got that read on the housing market. Existing home sales as you just saw on the screen there dipping by nearly 10 last month. 9. 7 . Thats from the National Association of realtors. Not as good as hoped for but some good news from around the country. More businesses are reopening their doors in six states and there they are. Massachusetts, by the way, will now allow indoor dining. They are also reopening retail dressing rooms and offices at half capacity. In west virginia, youth sports and other sporting events along with graduation ceremonies can all restart. Thats in west virginia. And new jersey, salons can reopen along with public and private Club Swimming pools. Cannon ball. I want to get back to that jobless claims chart, if we can. Numbers steadily improving as the country continues to reopen bit by bit but you know what, the high Unemployment Rates are still plaguing some states. Come in, stephen moore. Hes on the White House Economic Recovery Task force. Stephen, it just so happens when you look at that list, most of the high unemployment states, well, they happen to be blue states. What do you make of that . Yeah. Its incredible pattern there. You have very few exceptions. The states with the highest unemployment that we saw on friday were states like new york, new jersey, connecticut, illinois, massachusetts, michigan, pennsylvania. Those are all states that have democratic governors. By the way, the five states with the lowest Unemployment Rates, those are states like utah and arizona and im trying to remember the other ones, idaho, montana. Those are all states that have republican governors. Now, this ties in to what you were just saying. You were talking about massachusetts and new jersey and new york city finally starting to open up. They are late to the dance. Its a good thing they are opening up, but these states have had about a sixweek head start and so you are going to see a bifurcated recovery. You will see these red states racing out of the gates with better numbers on unemployment for the next number of months and these blue states are going to be the laggards, no question about it. Ashley next one for you, President Trump reiterating his hard line stance on the economy. Roll that tape. Take a listen. We are filling the stockpile in anticipation of a possible problem in the fall. We are doing everything we can beneath the surface, working as hard as we possibly can. You prepare, you prepare for what can possibly happen. Im not saying its going to happen. But of course, you prepare. Ashley all right. Of course, thats Peter Navarro. Stephen, let me ask you this question. What would a biden presidency do for this economy . Well i think this is about as clear a choice as you can get. Joe bidens economic plan i think would be catastrophic. The first thing that he would do is repeal most of our tax cut and as you know, i worked with larry kudlow and then candidate trump to put that together. Remember, people forget, three months ago, three or four months ago we had the best economy in 30, 40 years. By the way, do you know what Demographic Group had the best economic advance from 2017 to 2020 . Ashley you tell me. Black americans. Black americans. Ashley is that right. Yes. We had the lowest black poverty rate in Something Like 30 years. We had the lowest black Unemployment Rate in 50 years. We had big wage gains for blacks before coronavirus hit. Trump has to basically go to minorities and say look, look at the advances that you saw, not just blacks, hispanics did very well, too. That has to be the reelection theme. Now, biden is basically saying he wants to raise payroll taxes, wants to raise the income tax, wants to raise the Business Corporate tax. By the way, how are you going to get money coming back into the United States, how are we going to compete with china if we are raising taxes on our own businesses . It doesnt make any sense to me. Ashley yeah. All very good. Very quickly, second wave, white house is prepared for that . You mean second wave of the virus . Ashley yes. Well, look, this is the other big media story that has been completely wrong. Our death rates continue to fall from coronavirus. You know, you are seeing obviously everyone knows this by now except the media, you are seeing more cases because you are doing more testing and it is true more people are testing positive, but they are younger people who are not vulnerable to getting sick or certainly not dying of the disease. So i think this is a manufactured story by the media as part of operation chaos which is the lefts whole Campaign Strategy to win, to create a sense of chaos and sense of dread even if the data dont confirm it. Ashley operation chaos. I will remember that. Stephen moore, thank you so much as always. Appreciate your time this morning. Quick stock check for you. Netflix and amazon. Netflix just hit a fresh alltime high. We talked about that. Netflix at 457. Amazon on pace for another record close, up another 14 bucks today at 2689 on amazon. Next up, winnebago. Those are the rv people, the big retailer, they are reporting profits little later in the week. The stock has been surging lately, people getting in the winnebago because they dont want to fly. The stock up again today, 1 at 69 bucks on winnebago. American airlines, its been a tough go. They are now set to raise another 3. 5 billion by selling off stock and debt. All of this to offset some of the cash strain from the virus. No one is flying and they are coming back slowly, but the stock off 6 today at 15 bucks for american airlines. Heres United Airlines. Bloomberg reporting they will launch a 5 billion debt sale themselves this week. Got to get the cash. United down just 2. 33 . United at 35. Lets stay on the airlines, if we can. Susan, youve got the new numbers from the tsa. Huge uptick. This is encouraging, in people going through security this weekend. Susan right. It shows the economy is picking up. So talking about 590,000 going through tsa checkpoints yesterday on summer solstice, june 21st, longest day of the year. Its the highest number since the National Lockdown started on march 20th. Still, its way down from the 2. 7 million we saw a year ago but its still one of the main indicators investors look at, along with restaurant bookings, retail store traffic and dinein orders. Airlines themselves dont expect a big pickup at least for the month of july through to august, only flying at 25 capacity. Ashley its a start. Susan, for people who are flying places, do they need a hotel . What about bookings, lauren . Lauren they are up. The Hotel Industry finally clawed its way back to the 40 occupancy rate. It came in at 41. 7 last week. Hotels, yes, they are seeing a return of travelers, especially in areas that have Great Outdoor things to do like mountains and beaches and that are relatively easy for people to drive to. I want to show you occupancy levels versus last year because this is the true state of the industry. Its still down 44 . Ashley all right. I guess if we try and look for the positive, we are heading back, albeit much slower than we would like to see but they are coming back. Also, disney World Resorts masks and all, opening their doors today . Lauren they sure are. This is moving in the right direction. Ahead of the theme park in orlando opening july 11th, some nearby Disney Hotels are once again opening their doors. Starting today with the deluxe villa and fort wilderness resorts including bay lake tower, Boulder Ridge village, copper creek village. You are looking at the list here. They are getting ready to make magic once again. People will come, they will spend their money, they will wear their masks and they will sweat a lot. Ashley they will indeed in orlando. Very well put. Guess what, the good news train keeps barreling down the tracks. More from apple. Susan, more people are getting out and using their apple macs for directions . Susan you can see behind me. I havent seen sixth avenue this busy in three months time. Yes, its another indication that the market is closely watching which is apple mobility searches. So its up 46 from last week. Thats a pickup from the previous week before that as more states move into further phases of their reopening. You see people are driving 46 more searches, walking up 31 . The Public Transit still lagging. In fact, down about 54 as you cant blame it, there is hesitation on getting cooped up on buses and subways, getting too close together with other people. I think the background behind me is indicative of some encouraging news that states are reopening, businesses are coming back and so is the economy. Ashley been a long time since we have seen anything like what we are seeing behind you. That is a good sign. Also by the way, Apple Holding its Developers Conference that begins today. Of course, with no audience, all online. What are we going to see . Susan it will happen in just about two hours time. We are expecting apple to finally, this is pretty much anticipated, they will end their relationship with intel. They wont be using their chips anymore. Thats a relationship thats been around for 15 years. Apple usually very loyal to their chip makers, using only three suppliers the past 30 years. But this might only be the beginning because if you think about it, apple chips could go into apple ipads, apple watches and we know one and a half billion of them are being used around the world. We are expecting an update on the operating system, updates on the mac. Apple watch, the new operating system 7 could come with a new sleep tracker which is pretty exciting for lot of people. The home pod update, the speakers, and this is an event for the 23 million Strong Software Developer Community that makes thousands of apps you download in the app store. Yes, i know apple faces controversy about its commissions but if you think about it, this is an app store that generates around half a trillion dollars for the Global Economy just last year, right . They say 84 of the apps are actually free. The reason why they charge these fees is because they have to make it safe for everybody so the policing services and also the ease of use. Ashley half a trillion dollars. Thats not chump change. Susan, we look forward to hearing from apple a little later on today. Okay. New york city starting phase two of reopening today. That means guess what, you can eat outside, get a haircut, go shopping, you can do all three of those. Also, up to 300,000 new yorkers could be heading back to work. The streets are a little busier, as you can see. We will have a live report in just a few minutes. Also, President Trump vowing to take action after the Supreme Court rejects his bid to end the daca program. We are bringing you his possible next steps live from washington, coming up. And by the way, the Trump Campaign received one million ticket requests to his tulsa rally but just 6200 people showed up. Now one democrat says it was sabotaged by teenagers on tik tok. More on that after the break. Technologies advisor. Me too. Me too. And if youre a Small Business, were with you. Standing by you every step of the way. Bye bye. We could never do what they do. But what we can do it be a partner that never quits. Verizon is the most Reliable Network in america. Built for interoperability and puts First Responders first, giving their calls priority, 24 7. We do what we do best so they can too. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. That rally was an embarrassment. It was absolutely what the nation does not need right now. He did not speak about healing. He did not recognize any of the racial tensions that are happening across our country. He continues to try and divide us and really inflames the worst in people, so i just hope that this is a good sign that the country is moving on from him. Ashley ouch. That was atlantas mayor, tearing into the president s rally in tulsa over the weekend. Good time now to bring in marc lotter, trump 2020 Strategic Communications director. Marc, great to see you. An embarrassment . Respond to that. Look, the mayor of atlanta is auditioning to be joe bidens vice president. So shes not qualified to say anythings an embarrassment. You had thousands upon thousands of people in the rally, in the arena to see president donald trump. Joe biden couldnt fill a waffle house thats socially distanced right now so for her to call anything an embarrassment is just, you know, her trying to score points with the biden Political Team in hope that he picks her. Ashley also, what about congresswoman alexandria ocasiocortez . She jumped on the band wagon. She took to twitter to brag that the president s rally was sabotaged by teens on tik tok. What did you make of that . Just add that to the list of things that aoc doesnt know what shes talking about. The fact of the matter is that we could have had ten million ticket requests, they could have requested ten million tickets and we still would have had plenty of room to be able to bring people in because thats now how it works. These are tickets that are given to first come, first served as people are entering the arena. It really wouldnt have mattered how many tickets they requested. Everyone who wanted to come in, could have come in. Their ticket games had nothing to do with it. Ashley but to the point, the venue had about a capacity of a little over 19,000. The estimate from the Tulsa Fire Department was about 6200. How do you explain, we are so used to seeing the president s rallies jampacked to the rafters, whats your explanation for the gaps . Well, the first thing i would say, too, is according to the magnetometers there were about double that number that came in and were screened through the security screenings. Even then, look, we had a million ticket requests. You had known protests that were coming. Its also tulsa in june. Its hot, its humid. You have to ask, you know, i even think about this, if i didnt work obviously for the president , you are sitting there with your family going do we want to drive eight hours to stand in line where people have been camping out for a week and they are expecting a Million People possibly in hopes of 20,000 getting in, you might have just said you know what, ill watch this one on television and ten Million People did. So i think a lot of it, we are a victim of our own success. Ashley well, that could very well be. You are on to the next. Wheres the next rally . What are you expecting there . We havent announced the details yet. I will save that for when we do. We will ashley okay. You will have thousands of people coming. America wants to get back to work again. They want to get together again. We saw that in tulsa. I think you will see it on the president s next stop. Ashley we will leave it there. Marc lotter, great to see you. Thanks so much. Appreciate it. All right. Marc lotter responding to criticism about the tulsa rally. Lets get back to your money, why dont we. Quick check on google. Alphabet, the parent company, up 1 , 15 bucks at 1439. An ad Research Firm called emarketer just reported the tech giant will see a decline in ad revenue here in the u. S. In 2020. That would be googles first loss since they started keeping track of revenue back in 2008. The stock not really reacting, at least not now. Again, up 14 at google, 1438. Next one. Walmart seeing a modest gain this morning after ubs upgraded the stock to a buy, all because of their ecommerce expansion. They continue to do that. Walmart up 1. 5 at 121. Walmart moving along nicely. And fed ex, they will be taking a 370 million impairment charge for the quarter, all thanks to declining print revenue and store closures. Mostly dealing with their kinkos subsidiary. The stock is down over 1. 5 at 135. Also, some breaking news on new jerseys reopening. Lauren, youve got an update on the casinos . Lauren right ahead of july 4th weekend. On july 2nd, casinos may open at 25 capacity in new jersey. You can sit inside a restaurant in the state of new jersey. Of course, starting at 25 capacity. They will take it from there. We did the outdoor seating on i believe it was friday. It was glorious. It was just nice to be served, you know . Ashley its a great word. It was. It was glorious in every sense. All right, lauren, thank you. Lets check tesla now. They are holding battery day on september 15th. Sounds interesting. What is it and why does it matter . Susan battery day and Shareholders Meeting day. This is what elon musk tweeted out, bringing up the tweet. The company hasnt confirmed this yet but referred us back to this tweet by elon musk saying that yes, it will take place on september 15th and this is considered, according to him, elon musk at least, one of the most exciting days in teslas history. Previously, we had battery day scheduled for just around may or so. The Shareholder Meeting was on july 7th. Of course, that was pushed back because of covid19. Its important because battery day will also come with a tour of the companys selfproduction system. We know tesla and their chinese counterparts have been trying to develop these batteries called the million mile batteries which would allow electric cars to sell for as much as gasoline powered cars in the secondhand market and also, what is really cool is that if you have a million strong fleet of these electric vehicles, electric tesla cars, they can actually be its own power generator. Can you imagine that . Essentially tesla could be a utility in the future which i think is going to be mindboggling and gamechanging. Ashley it is. Its interesting, we talk so much about the cars and Everything Else and the Space Exploration but the battery and what tesla is doing gets a lot of wows from those in the know. Susan a million miles is still a ways off. We know model s cars just got upgraded to [ inaudible ] miles per charge but i think thats pretty much been hoped and built into the stock price as we hover close to four digits once again which Goldman Sachs and Morgan Stanley says is a Little Pricey but others are believers. We know dan ives of wedbush thinks the stock is worth 1500 and could be a whole lot more if they get to that million mile battery that they have been developing. Ashley right. Stuart varney used to call him p. T. Barnum but hes done a 180 and says hes one of the most amazing entrepreneurs on the scene today. Susan, thank you very much. New calls to rename a major city after a famous face. Roll tape. That is a dynamite taco. Love dynamite tacos. We will tell you where thousands of people are asking to honor chef guy fieri. Outdoor dining reopens in new york city today. How does that work in a place thats mostly skyscrapers and sidewalks . We will find out after the break. Yeah yyeah yeah hey, hey i was blessed to be part of building one of the greatest game shows in history. During that time, we handed out millions of dollars to thousands of contestants. And i thought, what if we paid the contestants their winnings in gold instead of cash and prizes . Back in 1976, we had a wonderful contestant named lee whose threeday winnings were valued at 12,850, and you know what . That was a pretty big haul back in 1976. So i wondered, what would have happened if lee had put 12,850 in cash and then put 12,850 in gold in a safe, just sitting there sidebyside from 1976 until now . Well, i went back and i ran the numbers, and what i found was amazing. We all know that 12,850 in cash would still be sitting there, but it would be worth a whole lot less than it was in 1976. But that 12,850 in gold, safely stored away, its worth 135,000 as of the taping of this commercial. Now, thats more than 10 times the original amount. And thats why ive been putting my money in Precious Metals for years, and i dont see any reason to stop now. [announcer] if youve bought gold in the past, or would like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the complete guide to buying gold, which will provide you important, neverseenbefore facts and information you should know about making gold, silver, and platinum purchases. If you call right now, you can also receive a copy of our new u. S. Gold report for 2020. Inside, youll find the top 25 reasons why you need to start owning gold today. With nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide, u. S. Money reserve is one of the most dependable gold distributors in america. Ashley ah, there we go. Yes, we are in an empire state of mind as we look on a Beautiful Day at the Empire State Building this morning. Phase two of new york citys reopening finally begins today. Kristina partsinevelos is in the Hells Kitchen neighborhood right over on ninth avenue. What are you seeing . Kristina i am seeing some foot traffic but unfortunately, not a lot open. I was expecting to see a lot more. Even the cab driver when i came over here, he said he thought it was going to be busy because new york city has finally entered phase two but it seems to be a struggle right now for us to find a restaurant that has Outdoor Dining. That is part of the phase two restaurant, barber shops, salons, playgrounds, all expected to open today but it seems like its a slow start which is why they are anticipating at least almost half a million jobs lost here in new york city. I spoke to the owner of the hudson bagel shop thats right behind me. He told me hes really worried because hes located next to a lot of hotels and times square and he believes that traffic is not going to increase. Listen to the reason why he opted to open. But you know, i called my employees, they almost every day they are crying. Thats why im opening. Kristina hes telling us hes opening because of his employees. So many people need these jobs. Right now, the expectation is that we have seen over a loss of 120 billion in the Restaurant Industry alone just over the course of march to may. You think about it, loss of foot traffic, people are still staying at home, businesses are slowly phasing people in. So thats a major drop in sales tax revenue for new york city and for the state. But to wrap it up, based on my observations because i was in new jersey last week, i have been in pennsylvania, its definitely still a slow restart to phase two despite the fact that we are finally open over here. Look at it. You are seeing foot traffic but its still relatively empty. Im going to throw it back to you. Ashley yeah. Lot of empty tables and chairs, no doubt. Kristina, thank you very much. Lets bring in zane tankel, our good friend. He owns a number of applebees in the new york city area. Its kind of a slow start. How is business doing . Well, we havent really opened in manhattan. Good morning, by the way. How are you . Ashley good morning. But in the boroughs, we have been to go, we have got 15 restaurants open in the to go business was reasonably okay. Westchester is a week ahead of new york city. I can only tell you in westchester, our Outdoor Dining has zoomed, gone through the roof. I didnt expect that. I didnt think that was the way it would go, but it has. So im very confident that in manhattan and the boroughs as well, we start rolling out brooklyn, queens and the bronx tomorrow. We are meeting with all our people who have been sheltered for three months today. When i come off air with you, i go around to the different restaurants because everybody has to start from scratch. Theres a whole new normal. Face masks, you know, gloves. We have a sanitation ashley whole new world. Whole new world. Brave new world. Brave new world. Ashley brave new world indeed. If you look at the latest restaurant numbers from open table, it shows that reservations are up 40 since the low point of the pandemic. When do you think americans will feel safe about eating out again . Well, thats interesting. Im on a call at least once a week with the country, with aup the applebees franchisees in the United States. I can tell you that in tennessee, in georgia, if thats any indicator, there has been a pentup demand. Tennessee is only 25 seating. Georgia is 50 seating. But they have been experiencing a big uplift. Problem is at 50 seating, yesterday was terribly slow. When you are only 50 full, you could not very well survive. So the models changed. With the change in model, it means all renegotiations on things like leases, on all your fixed costs because the old model is not applicable in todays world. Ashley quickly, how do you provide outdoor seating for a restaurant in manhattan . Thats got to be difficult. It is, except the city has said that they were going to be very flexible with regard to taking city sidewalks and even certain areas in the boroughs where there was parking, so a little bit of the street. We havent started the street but we have started with taking up sidewalks and setting up. Ashley, its a whole different operating manual. Its not a matter of putting tables outside. Youve got to put a pos system outside so you can take your orders. Youve got to have a hostess outside. Youve got to have a sanitation expert. Takes us about ten minutes, ten minutes to clean a table with three different disinfectants. We used to get a table wiped down and ready for another seating in literally 30 seconds. So thats now 30 seconds to 10 minutes. Ashley wow. That is i guess the new normal, plus reduced capacity. Zane, we wish you the best of luck getting the businesses up and running again. Thanks for joining us this morning. It is much appreciated. Thanks for having me. I appreciate that. Ashley all right. Be good. Lets take a look at the markets while we are at it. The dow essentially flat at this hour, just off maybe three points at 25,868. Meanwhile, the nasdaq up half a percent, continuing to move up. 9989. The s p just slightly higher at 3100. Also want to check luckin coffee. We are seeing the shares are down under a report the company will be holding a special meeting for multiple board changes. Thats interesting. The stock as you can see, 63 cents but thats 16 on a 3 stock. Luckin coffee at 3. 19. Check tyson foods. China suspending poultry imports from one of their plants. Whats the story, lauren . Lauren an arkansas plant, 481 workers or 13 of the staff at that plant in arkansas tested positive for covid19. Look at that, though. 481 positive, 455 were asymptomatic. China is now suspending imports of tyson chicken to its country as it deals with its fresh outbreak in china of the coronavirus. It was just in november because if we explored a lot of poultry and chicken to china, thats good for our farmers. It was just in november that beijing actually lifted a fiveyear ban on doing that, now it seems china has stopped it once again for fears of covid19. Ashley umhum. All right. Lauren, thank you very much. This is an interesting story. Modern day cowboys are on the hunt all across the west. People are looking for, guess what, dinosaur fossils, possibly worth millions. We will have more on that coming up. Fascinating stuff. Also, President Trump heading to arizona this week to tour progress on his border wall. It comes days after the Supreme Court rejected his bid to end the daca program. Coming up, we will be asking a dreamer what the landmark ruling means for her future. Ashley all right. Big news out of the Supreme Court. They rejected a lawsuit against President Trumps steel tariffs. Susan, give me the details. Susan for the second time the Supreme Court has refused to hear a challenge to President Trumps 25 tariffs on foreign steel. The American Institute for International Steel arguing here the section 232 tool is being used by President Trump and the white house to impose these tariffs are unconstitutional and unchecked, by the way, in its use by the white house. Trump did impose these steel tariffs in march 2018, meant to protect domestic steel producers but some have argued other Companies Like those that need to import foreign steel like Farm Equipment manufacturers have been hurt. Dont forget, President Trump also threatened to use this to impose these 25 tariffs foreignmade car makers. Different, though, from the other section hes using in the china u. S. Trade talks. Ashley all right. A victory for mr. Trump. Thank you, susan. Now a live look at the white house as the president vows to take new action on daca. Lets bring in blake burman live in washington. Blake, whats the latest . Reporter the president saying over the weekend that the president , he hopes to have, rather, a compassionate solution as he put it for dreamers. We are also keeping our eye on additional measures as it relates to immigration, as the president told fox news there could be action most likely today on additional restrictions going forward. You will remember back in april, the president put a halt on green card applications as a result of covid19. Well, the president saying that the additional restrictions could include restrictions on skilled workers, Seasonal Workers and those who are in the country conducting research. The president did say, though, that there would be some exemptions. We have plenty of people looking for jobs. I think its going to make a lot of people very happy and its common sense to me, to be honest with you. Reporter that announcement expected today ahead of the president heading to yuma, arizona tomorrow. A border town in that state. Ashley . Ashley i know it well. I used to live there. All right, blake burman, thank you very much. Lets stay on so did lou dobbs, by the way. Lets stay on this and bring in daca recipient anna tonario. Thank you so much for joining us. President trump says he will continue his effort to repeal the daca program. Lets start with your reaction to that. I definitely think that the daca program is incredible. It changes like all of our lives. If he decided to get rid of it for whatever reason, definitely it would destroy most of our livelihoods so i think its definitely, its a fantastic program for all of us and we definitely appreciate that program in place, so i think it would be beneficial for everybody to just keep it. Ashley you know, i was reading your story, its remarkable, you were brought to the United States as a very young child, 1 year old, and you had no idea you didnt have documents until you started applying for college. That must have been quite a shock. Yeah. It was a little mind blown. Everybody, i went to mesa high here in mesa, arizona, and it was kind of a shocker because everybody was submitting all of their paperwork, doing everything, and i kind of got to a red light because i didnt have a Social Security and so i went home, i asked my parents, hey, whats going on. They were like oh, yeah, you dont have one. So it kind of i didnt know what to do then. Ashley well, you have done remarkably well. You put yourself through college, you graduated from Northern Arizona university, you then qualified to become a nurse. I mean, you have done wonderful things. Now you are working on the front line in the pandemic. Hows life going for you . Its a little crazy. Everything changes day to day. I am so thankful for allowing myself to push myself through school, pay for it out of pocket, whether that was scrubbing toilets, making food for people, like, and now that i work at one of the best hospitals in arizona, i work at st. Joes hospital, im being pulled for everything just to be able to take care of my patients and hopefully make everybodys life better and get them healthy, get them home so that they can continue their lives. Ashley well, we thank you so much for that effort, as you do that every day. We wish you the very best of luck for the future. Thank you for joining us today to tell us your story. Thank you. Ashley thank you. Ana, remarkable story. All right. Switching gears now, the Popular Video game fortnite removing police cars from the game. Why, lauren . Lauren we dont know why, ashley. But we can tell you that the latest update of fortnite over the weekend, there are no police cars, meaning 350 million players worldwide cant see them. Fortnite is a shooter survival game. The cop cars were only there for decorati decoration, meaning they couldnt actually be used by the players. Now players wont even be able to see them. We did reach out to epic games for comment. We have not heard back from them. But the wall street journal is reporting that they are not looking to make a political statement here. Rather, just to show sensitivity to the cultural issues that we are facing. No cop cars in fortnite now. Ashley all right. No cop cars. Which seems interesting. All right. Thank you very much, lauren. Columbus, ohio named after christopher columbus, is removing the statue of their namesake. Columbus has been facing Harsh Criticism over the accusations of his oppression of native americans, but removing the statue, not enough for some residents. More than 25,000 people now signed a petition to rename columbus flavortown, the slogan of guy fieri, the famous chef. The man who started the petition says he isnt aware of what the next step should be or how to bring the petition to city council but says quote, i just wanted to get the ball rolling. 25,000 people have jumped on board. Flavortown, ohio. A new kind of gold rush is sweeping across the west. Cowboys and ranchers hunting for dinosaur fossils, possibly worth millions. No joke. We will speak to one of those dinohunters who just hit the jackpot right after the break. When we get that in the lab and microblast all that dirt off it will be a beautiful skull bone. This could be an important piece in identifying it as a trex or the smaller tyrannus which Scientists Say never even existed. Ashley that was a clip of dino lunte e hunters on discovery channel, showing a group of cowboys trying to lasso dinosaur fossils across the west. Lets bring in one of those hunters. Clayton fitz. Clayton, is this the new gold rush . Well, good morning. I wouldnt call it a new thing. I wouldnt call it a new thing. Were selling to buyers about the time the word dinosaur was coined. Folks have been doing it for a good many years. Ashley can you make a lot of money . Well, you have to get off the couch and do something to make any money anywhere. You know, my idea is you got to get out there and work for it. Ashley how do you do that . Because i used to live in montana. I used to do stories on dinosaurs with jack horner, who is the adviser on the Jurassic Park films. Youve got to know where to look but its such a vast area. It is. It is. The good news is, you know, its a renewable resource. Every time it rains it washes a new one out but it also destroys the ones that are washed out. As they wash out, they just disintegrate. Theres a short window to find them. My goal is to find as many dinosaurs and preserve them for the world to see as i can can the time i have on this rock. Ashley so if you find one, what do you do with it . Do you sell it to a museum . What do you do . Not every dinosaur is valuable as you might think. People think oh, i found a dinosaur, i got it made. Thats not really true. Not every dinosaur is worthy of a museum collection. Not every dinosaur is scientifically important anymore. The common ones, you know, we know just about all there is to know about them. To spend the money and tackle a project like that, boy, you are probably not going to do okay from a business stance. Yeah, if you happen to stumble across something new to science and they can describe a new species from it, thats scientifically important and i always try to get those to a museum if i can. Every projects different. You dont know what youre going to end up with until youre done digging and exhaust all options that theres no more of that dinosaur in the ground. Ashley now, it says here on my prompter that did you hit a jackpot this season . How much can you give away . We did all right. Yeah. My cousin found a really extremely rare fossil and its probably the second best one ever found of that species of four or five known skeletons. Its extremely rare. Its a cool one. It had teeth and claws and was an ornery son of a gun. Yeah, we did okay last year. Ashley well we are hopeful we will soon. We definitely have a couple of major institutions interested in it. Ashley well, congratulations. Dino hunters on the discovery channel. Clayton, its been a pleasure. Thank you so much. Much appreciate it. More varney after this. We could never do what they do. But what we can do it be a partner that never quits. Verizon is the most Reliable Network in america. Built for interoperability and puts First Responders first, giving their calls priority, 24 7. We do what we do best so they can too. Ashley all right, as we head toward the top of the hour, a quick look at the markets. Managed to turn it around ever so slightly. Dow up slightly. Nasdaq leading the way, up half a percent. Stuck between the economic recovery and the rising covid cases. The market is in the middle. My time is up. Neil cavuto. Take it away. Neil there is a song like that, stuck in the middle, thank you, ashley, very, very much. I hope all is well, my friend. Were following those developments here and its a tugofwar among buyers and sellers here but the big news is continued reopening. Perhaps no city or state get the attention new york city or new york state do. In new york city, a reopening that will include 300,000 new yorkers returning to their skyscrapers in manhattan. How many are doing so or will do so, depends on anxiety level and toleration of their losses but the process is beginning. Kristina will be following that. Well go to her very shortly