A similar loss on the s p. Big loss on the nasdaq composite. Why the nasdaq down so much . Well, just look at this. Big tech being taken to the cleaners this morning. Start with apple. Look at that. Its still a trillion dollar company, way down this morning after its Financial Report late yesterday. Ive got more on all this. Amazon, huge drop, down 120. They are plowing their profit into coping with the virus. Microsoft, not much impact from the virus but its caught in the downdraft. Microsoft is down nearly 2 , 3. 46. Next case, the political news. Topping that this morning is joe biden. He has denied a Sexual Assault allegation. He says quote, this never happened. Ive got more on that in a moment, too. Got a big weekend coming up. Texas opens up a lot of businesses. Who will go to the store, the barbershop, the restaurant . Thats going to be a pretty good indicator of the urge to get out of the house. In california, the governor has relocked down the beaches. How will that go down . This is a pivotal weekend for the opening up movement. Big deal. And today, being may day, some workers are going to walk off the job. They are trying to shut down the people trying to get supplies to us. Lets see how that goes. Yeah. Big news day all round. Varney company is about to begin. No, it is not true. Im saying unequivocally it never, ever happened. I dont remember any type of complaint she may have made. It was 27 years ago. I have not reached out to her. It was 27 years ago. Im confident theres nothing. No one ever brought it to the attention of me 27 years ago, any assertion at all. If there is a complaint, thats where it would be. Thats where it would be filed. If its there, put it out but ive never seen it. Stuart joe biden speaking out for the first time directly on the Sexual Assault allegation. Morning joe cohost was persistent, kept on pushing back. Roll tape. Why, why is it real for dr. Ford but not for tara reade . Because the facts are look, she, im not suggesting she had no right to come forward, and im not saying any woman, they should come forward, they should be heard, and then it should be investigated. Stuart all right. Fox news contributor lisa booth joins us this morning, righthand side of the screen. Good morning, lisa. Ive got to say hi, stuart. Stuart i dont think joe biden looked all that comfortable quite frankly but then what man would look comfortable in that particular situation. Whats your reaction . I also found it questionable that he says he will not call on the university of delaware to release documents pertaining to his time in the senate. He even said that he doesnt want to do so because the documents could be used for Campaign Fodder against him even noting particularly things relating to putin. I find that questionable for him to say hes not going to release documents while simultaneously defending himself against an allegation like this. I will also say i keep asking myself what would be the motivation of tara reade to step forward. Shes a lifelong democrat. She says she voted for Hillary Clinton in 2016, or the motivation of her neighbor, her former neighbor, who has stepped forward and said tara reade told me the story in the 1990s and i believe her. She said shes a biden supporter. What would her motivation be to step forward . If you take a step back with the kavanaugh confirmation hearing, with Christine Ford, she did have a motivation. Her attorney, who was a resister, who had even been at resistance rallies against President Trump or then candidate trump, or President Trump, rather, said that Christine Fords motivation was abortion. If you remember, people like senator gillibrand said that women would die if Brett Kavanaugh was confirmed to the Supreme Court. Republican senators had to have security and being escorted because they were getting Death Threats at the time. There was a motivation there for Christine Ford to step forward but i dont know what the motivation of tara reade would be and i really want to get to that. Stuart okay. Understood. Lisa, the onus is now on joe bidens Vice President ial pick. Its going to be a woman. That woman has to stand up and say i believe joe biden, i dont believe tara reade. Thats a difficult situation. Well, i dont think its going to be for them because i think for many people with the metoo movement, particularly some of these individuals we have seen on the left and in the media, t the metoo movement, they really care about the movement when it can be weaponized and used as a political weapon, which really, you know, disregards what the movement is supposed to be about and i think actually hurts real victims who are stepping forward. And i also want to say with a caveat, i have been really careful with this metoo stuff. I have three great brothers, an awesome dad, i have had wonderful male mentors in my life. I dont want us to set up an environment where just because someone steps forward and accuses we automatically say they are telling the truth and the man is to blame. I think we have to be really careful in all of this which again, is why im asking the question of what would her motivation be. Additionally, the people that she has said would corroborate her story and that she previously told in the 1990s, she said four people and that including or in addition, her mothers phone call to larry king live somewhat corroborating what she is saying happened in the 1990s whereas with Christine Ford, every eyewitness she named including her own friends, childhood friend, denied the allegations, denied ever being at the event that Christine Ford said took place. In addition, Leland Kaiser later told the fbi she had felt threatened by Christine Ford and her friends to change her story. I think that is also something to take into consideration that the people that tara reade had told previously are now stepping forward. Stuart lisa, thanks for being with us. I think we will get a lot more reaction as the day progresses. Lisa booth, thank you very much indeed. Now lets get to one of the big stories of the day, which is may day protests are planned all across the country. Workers from amazon, whole foods, instacart, some are expected to call out sick. Grady trimble is at a whole foods in chicago. Can you tell me how many protesters are there already . Reporter well, they are not here, stuart. They are calling out sick. They dont plan to show up. So its hard to measure that. I will tell you just about every company has said they believe this is a small group of vocal people protesting for things like hazard pay, better sick leave policies and transparency from their companies when reporting coronavirus cases at warehouses and Retail Locations. But all of the Companies Say we have done a lot already to try to help these customers and these employees, including paying them better, giving them better benefits. We are checking their temperatures when they come in to stores, we are even requiring them to wear face masks and making face shields and gloves available to them. They have also handed out bonuses. Walmart has handed out 365 million in bonuses since this began and target said directly to us we believe this is a small minority of our employees, most seem to be happy to be helping out. But again, sickouts planned across the country today. We will see if it actually happens. Stuart we shall indeed. Grady trimble in chicago, thanks very much. Now, look, we are following the market, obviously. Its going to be down sharply. We are also following whats going to happen this weekend in california, on the beaches, and in michigan, where the governor has extended the lockdown all the way through until the end of this month, all the way through to the end of may. Jonathan hoenig is with us. Jonathan, i normally talk to you about the market, but today, put your libertarian hat on, because it seems to me that this weekend, theres a contest between liberty and the safety of people going out and about. Where do you come down . Well, theres so much impact on the market now, as you said. Not just the economy but these protests as well. Look, the economy cannot return to normal with people quarantined to their house, with people locked down. Whats difficult as an economist, as an investor, is try to foresee with all these uneconomic consequences impacting the economy, the protests because of the quarantines and lockdowns and of course, the stimulus, 2 trillion plus in stimulus impacting and buffeting the country. I think the protests are going to help obviously shape policy and hopefully help freedom reign. This country cannot succeed, we have talked about it for weeks now, there can be no economy without freedom. Hopefully our elected officials around the country are starting to listen, to learn from that and understand people can be trusted to act in a safe manner in their own best interest. Only then i think can the economy get back on track. Stuart i dont know where you stand on this but i think theres going to be a flood of people getting out and about this weekend. The weather is going to be pretty good. I can see clashes coming between the authorities who want to keep the lockdown going and people who just want to walk on the beach. I think this is a pivotal weekend. Last word to you. Yeah, but stuart, i hope i hope people dont go looking for confrontation. Its ideas that move the world, not physical confrontation, not showing up to protest armed to the hilt, for example. Lets discuss as americans why we have the right to be free, to take responsibility for our own actions, our own businesses, and to act in a clever innovative manner. You profiled i dont know how many Business People over the last number of weeks who are finding innovative ways to serve their customers and even apple, as we heard this week, is now tailoring their software to be able to recognize people even with a face mask on. This is that entrepreneurial innovative spirit that every american can employ but we have to be free in order to do it. I hope thats what the protests are about. Stuart thats so true. Thanks very much for being on the show this morning. Always appreciate it. Good stuff. Okay. We are going to check various companies. First of all, boeing. Theyve got a 25 billion debt deal going. They say they dont need a federal bailout, they will raise 25 billion themselves. The stock is up three bucks. 144. Gilead sciences, they are going to produce 140,000 rounds of remdesivir by the end of may and a million by the end of the year. They will spend 50 million to test and manufacture remdesivir. The stock is down but still at 81 a share. Exxon, big oil, they came out with their earnings earlier. We knew it was going to be rough. Revenue down 15 for the quarter. They have cut their Capital Spending for the year by about 10 billion. The stock is already beaten down. Its down another 50 odd cents. 45 on exxon. Similar story from chevron. They also reported today. Revenue down 16 . They are going to cut their operating costs about a billion bucks a year. The stock is down 60 cents. An already depressed 91 per share. Check futures overall. Come back a little bit. We were going to be down 500. Now we will be down 400. Did you see this . The soaring tribute, im sure you did see it, maybe actually in person, thats the soaring First Responders operation america strong. Thats the flyover, new york, new jersey, pennsylvania. That was impressive. Thats from inside the cockpit. They will do it again, by the way. In our 11 00 hour, the thunderbirds director of operations will join me. I would love to see that. More unsealed documents in the Michael Flynn case reveal that the fbi agent peter strzok, a vigorous trump hater, he ordered the case to remain open even after it was stated to be closed. In my opinion that was a total injustice. They destroyed a good man. Texas congressman dan crenshaw joins me on that in just a moment. Limu emu doug [ siren ] give me your hand i can save you. Lots of money with Liberty Mutual we customize your Car Insurance so you only pay for what you need only pay for what you need. Liberty. Liberty. Liberty. Liberty. Why accept it frompt an incompyour allergy pills . E else. Flonase sensimist. Nothing stronger. Nothing gentler. Nothing lasts longer. Flonase sensimist. 24 hour nondrowsy allergy relief avoid sick people. And touching your face. There are everyday actions to help prevent the spread of respiratory diseases. Visit cdc. Gov covid19. Brought to you by the National Association of broadcasters and this station. Of broadcasters so were working 24 7 toected maintain a reliable network, to meet your growing internet needs. Were helping customers who are experiencing Financial Difficulties stay connected. Were increasing internet speeds for low income families in our internet essentials program. And delivering selfinstall kits to your door. Nos comprometemos a mantenerte conectado. Were committed to keeping you connected. For more information on how you can stay connected, visit xfinity. Com prepare. Stuart look at this. There is amazon, down 107, 4 . Come in, lauren simonetti. Any idea why its down so much . Lauren amazon is in investment mode. They are spending money, about 4 billion, which is everything they expect to make in the Current Quarter will be spent on testing their workers. They are actually even building their own testing lab. And also investing in their delivery operations. This is good news, because in my opinion, it inspires loyalty from the customer and the consumer, but for shareholders, a negative. Stuart you know what, a few years ago when amazon was doing exactly that, every quarter plowing everything back into the company, investors loved it. The stock went up. I guess times have changed a bit. Let me move on to apple. Lauren they had a good run. Stuart they had a fabulous run. They really have. Susan li is with us. We got the Earnings Report from apple. You spoke directly to tim cook yesterday. What did he tell you . Susan well, he says hes optimistic about the u. S. Economy, didnt give me a letter, whether its a u or v or w, but he says hes optimistic and i think the takeaway is that the quarter came out better than anticipated so sales are not falling off a cliff. They came in more than what analysts had forecast. Also earning more money as well and boosting dividends by 6 , buying back 50 billion of stock. How many other companies outside of Silicon Valley can do that in these times . Not many, ill tell you that. But the problem with this earnings picture is the fact they didnt give guidance for the First Time Since 2003 and i asked them about this. He says theres no guidance and i asked him why. He says look, we have lots of confidence and we can bring up this quote, confidence in the long term, he says we have very little visibility in the short term and so because of that, were not guiding at least which we typically do, but were not going to do that this particular quarter because it sends a signal that we know whats going on when in reality its hard to see out the windshield right now. I agree with him. I should point out he says that chinas back up and running, since the end of march and also when it comes to u. S. Store reopenings, this is part of the reopening theme here in america, one of the biggest Companies Says they will reopen Stores Starting in the first part of may. Stuart okay. Youve got good connections there at apple. Well done. Susan always. Stuart now, i want to bring you the latest on the flynn case. Im going to start it with an impassioned opinion piece of my own. Here we go. Picture this, please. Two fbi agents interviewed general flynn about his contacts with russian ambassador. They return from the interview, they tell their bosses that flynn was telling the truth, he was not evasive, drop the investigation. Heres whats new this morning. Peter strzok, arch trump hater, sends a message dont close down the investigation yet, dont do it. He goes back to flynn, he himself went back to flynn, threatens his son, threatens jail, tries to trap him. Eventually, flynn pleads guilty. Hes ruined financially, hes got a 6. 7 million legal bill, hes got to sell his house and his reputation is shot. Lawrence odonnell on msnbc saying general flynn betrayed his country. What a disgrace. We want to hold china accountable for the virus, lets also hold those top officials accountable. They ruined a good man and tried to undermine a president ial election. Here is congressman dan crenshaw, texas republican. Am i going too far, congressman . Youre really not. Americans need to trust these institutions. These are our Law Enforcement institutions, the premier one being the fbi. If americans cant trust that, it will cause resentment, it will cause division. Its a terrible thing. I come from the National Security sector and i know a lot of the people who work in the intelligence community, Law Enforcement community. The vast majority of which are good people. I have always pushed back against notions that theres kind of a conspiratorial deep state but this proves that totally wrong. Not saying theres mass conspiracies, of course, but there are clearly bad actors that are politically driven. In this case potentially, potentially broke the law, you know. This should be investigated in and of itself. Stuart it just gets to me that they ruined a good man. I mean, a man who has fought for his country and they ruin him for political reasons. Look, the steam is coming out of my ears so i will move on, congressman. I will. You are from texas. Texas is reopening. A lot of businesses today are reopening. The reopening of texas is about to begin. Can you assess kind of the mood in texas . How many people will be