Leave big tech for long. Look at this. Apple is back up by 7. Microsoft, 3. 50. Amazon, thats up 40 bucks. Alphabet up 21. Facebook up nearly five. Solid gains. Got it. All right. Its 6 00 on the west coast and the people of seattle are waking up to a full scale insurrection. I use that word deliberately because thats what it is. The capitol hill district in the city is now known as chaz. That is the capitol hill autonomous zone. Police officers have abandoned their precinct, the anarchists are in charge and the mayor says its not terrorism, its patriotism. You ever think an American City would cede control willingly to anarchy . It just happened. Varney company is about to begin. They dont straighten that situation out, were going to straighten it out. What i mean is very simple. Were not going to let seattle be occupied by anarchists. Were not going to let this happen in seattle. If we have to go in, were going to go in. The governors either going to do it, let the governor do it. Hes got Great National guard troops. He can do it. One way or the other its going to get done. These people are not going to occupy a major portion of a great city. Stuart obviously the president doesnt like whats going on. Hes not happy about it, and seattles police chief, by the way, isnt happy either. She says that leaving the precinct was quote, not my decision. All right. Just wait until you hear joe bidens floundering comments about this. He actually said im beginning to bore myself. Heres my opinion. This insurrection is the result of decades of failed liberal urban policies and it cannot be tolerated. We are going to cover it throughout todays show. The focal point right now, however, is your money and the markets. We are going to be opening higher across the board. Lots of green over there on the left. Im going to take a look now at the biggest gainers among the dow 30 so far this morning. Let me read it for you. When i can see them. All right. We got them. Nope. We got them. Microsoft, google, apple, amazon, facebook. Thats big tech. Okay. I will try to bring you the top gainers amongst the dow 30 at some point. What have we got next . Have we got airlines there . Can you show me that, please . Im guessing in the dark here. Airlines, premarket, they are up, beaten down all week. Coming back very very nicely today. Look at the percentage gains for all of the big name airline companies. Big gains indeed. The big financial stocks, where are they . Im showing them to you now. Morgan, goldman, bank of america, citigroup, Morgan Stanley, all nicely higher. Weve got a rebound in the stocks that were most beaten down. Its time we brought in jonathan hoenig, our market watcher for friday morning. Yesterdays selloff, is this the start of Something Big . Well, i will tell you when i see the scenes from seattle, im going to be watching because its horrifying. Its like the birds come to life. One of the big performers among yesterdays selloff has been gold and when you see scenes of what you said, literally anarchy in the streets of america, its no wonder why. Look, yesterday the start of a big the first thing you have to say, its always about your own concept. When the market goes down a few thousand points, people say get me out. Its also an emphasis, as we talked about, you have to have your own financial house in order, paying down your credit card debt, for example, but to get to the meat here, yeah, i think the market is vulnerable. For the most reason why is some of the stocks you alluded to. The big cap tech stocks, they dominate the indices now. They are 5 , 6 , 10 of the major indices. We havent seen that since 2000. Put it all together now, i think the market is vulnerable, especially given the last stuart we hear you but let me bring this to your attention. This is the way most of our viewers look at the market. Tina, tina, there is no alternative to stocks. There isnt, really, is there . For most viewers, ordinary investors, i dont see much of an alternative. Well, i think respectfully, stuart, theres a lot of alternatives out there. One of the great advantages of this financial innovation, the evil guys on wall street, [ inaudible ] but securities that track silver, that track agricultural, that track emerging market stocks. Its become very convenient to buy the big cap tech stocks that everyone knows and if you look back to history, from a period of 2000 to about 2010, it was all those alternatives that were the outperformed names like microsoft and cisco that went nowhere. Take the politics out of it. In my estimation, investing is like barhopping. Go where the action is. I dont think the action in the next five years is going to be in amazon, microsoft stuart all right. We hear you. I just wish i was young enough to go barhopping again. I wish the bars were open again but thats another story. Jonathan, you have a great weekend. See you soon. All right. Lets get serious for a second. A second virus wave was supposedly one cause of yesterdays selloff. Wall street journal article says this morning, what our guests have been saying. That is, more virus cases are the result of more testing. Come on in, ashley. Tell us about the spike in texas. Ashley yeah. Its interesting. That opinion piece in the wall street journal also saying the headlines about the virus resurgence in the u. S. Are overblown so far. Lets look at these numbers, if we can, beginning with texas. Yes, take a look, these are the states that are seeing more cases. Texas, florida, arizona. Lets begin in texas, why not, where testing is up 38 . Guess what . Confirmed cases are up about 36 . In other words, cases up a third, the amount of testing done up a third. Now, lets take a look at florida. The testing there is up 37 . But the number of confirmed cases up 28 . A little bit of an outlier is arizona. The testing there is up 53 but the number of cases up 73 , but these are in the most vulnerable communities. So in other words, the wall street journal is saying yes, we are seeing more cases, but oh, by the way, we are doing a lot more testing and bottom line, they say the costs of shutting down the economy are so great, there is no alternative but to open for the broader public good. Stuart glad to hear that. Good stuff. Ashley, thank you very much. Mark douglas, steelhouse ceo, follows this stuff. I want you to talk to us about houston, because theres a lot of talk about them considering a new lockdown. Tell me the story. Yeah. So im talking to a lot of professional investors and basically all eyes on houston. Houston obviously is in texas, Third Largest city in america. You basically cant get a more pro business state. There is a lot of concern that if the mayor of houston enacts a new stayathome order, thats going to trigger a wave of stayathome orders around america, so like the kind of big professional investors, thats what they are telling me, you know, is the concern they have that started kind of the market turndown yesterday. So today is like a big day. All eyes on houston. I also want to tell you, im in arizona and i have been in texas a week ago, and nobody is Wearing Masks. I mean, these states are open to a degree, like you cant tell theres covid here, but we need to start getting people Wearing Masks again because literally have not yet seen a person in the state of arizona wearing a mask. I think thats a part of the problem. Stuart okay. Look, thats good stuff. We are glad you brought us the story and put it into some perspective. Investors, some investors are worried about hot spots developing like houston and a new lockdown order coming in place. That was the fear. Interesting how that goes. Mark, look, thanks very much for joining us. You know about this stuff and we appreciate you being with us. Okay. Im moving on to Online Shopping. Listen to this. Massive numbers on Online Shopping. I think thats an understatement. Lauren, youve got the numbers for me with Online Shopping during the virus lockdown. Go. Lauren it comes from adobe analyau analytics. We spent 52 billion more online, in total, 82. 5 billion. Why . We have been under lockdown for three months and gotten used to shopping online. The buy online, pick up in store trend, even that grew 195 in may year over year, and a lot of people shopping now with their smartphones. 10 purchased more products through their smartphones in may than in january. So bottom line, like i said, we have adjusted to the new normal. Repercussions, look, its going to be hard to justify brick and mortar if you are a company right now. However, you have to remember, a lot of what we buy is returned to the tune of an expected 400 billion this year. Stuart bricks and mortar will take it on the chin. 25,000 stores may close. Thats a big number. Lauren, thank you very much indeed. One stock in particular to look at. Lululemon. We thought that that was a lockdown winner, you know, people wear yoga pants while working from home. Got that. However, sales were down 17 last quarter and the stock is down 3 this morning. It dropped below 300 a share. Tesla. Goldman sachs downgrading the stock, saying its neutral. Morgan stanley, they have lowered their rating on the stock. However, it makes no difference this morning. You cant work out tesla. They are up this morning, 979 is the quote, up six bucks. How about nikola . They are a tesla competitor. The stocks gone way up. Lots of buzz around this company. They make an electric truck. They havent sold anything so far and they wont have a product on the market until next year. The stock, though, this morning is up another 7 . Weve got the ceo on the show in our next hour. One more time, its friday morning. See where we are going at the opening of the market, up is the word of the day. All across the board. Yes, its friday. Big show for you. Judge Jeanine Pirro sure to be fired up. Fox news contributor Lawrence Jones and the mayor of jacksonville, lenny curry, how his city is going to host, yes, they are, president Trumps Convention speech, next. Look at the headline. The Corporate Media is now controlled by the radical left with the cancel culture in full force. Welcome to the brave new world. Weve got the story. And seattles democrat mayor, she says the occupation of her city could last for awhile. Listen to this. How long do you think seattle in those few blocks looks like this . I dont know. We could have a summer of love. Stuart wonderful. A summer of love. She even defended the occupiers calling them patriots. Weve got what she had to say. You will hear it, you will see it next. You going to place it . Not until im sure. Why dont you call Td Ameritrade for a strategy gut check . Whats that . You run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. You get the freedom of what a 7day return policy. This isnt some dealership test drive around the block. Its better. This is seven days to put your carvana car to the test and see if it fits your life. Load it up with a weeks worth of groceries. Take the kiddos out for ice cream. Check that it has enough wiggle room in your garage. You get the time to make sure you love it. And on the 6th day, well reach out and make sure everythings amazing. If so. Excellent. If not, swap it out for another or return it for a refund. Its that simple. Because at carvana, your car happiness is what makes us happy. I come face to face with a lot of behinds. So i know theres a big need for gasx maximum strength. It works fast. Relieving pressure, bloating, and discomfort before you know it. So no one needs to know youve got gas. Gasx so nosawithout 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. Stuart the Republican Convention is going to jacksonville, florida. President trump will accept the nomination there. The big speakers will be in jacksonville. Lesser lights will still be in charlotte, north carolina. Later in the show, the mayor of jacksonville, lenny curry, will join us. Im going to ask him, are you going to enforce social distancing rules at the convention, because if you do, the Convention Wont come to you. We will talk about that. The president just tweeting about it. Here we go. The Republican Party has not yet voted on a platform. No rush. I prefer a new and updated platform. Short form if possible. There you have it from the president. Stock to watch it apple. The ceo tim cook will commit 100 million to fight for Racial Equity and justice. Apple will increase spending with blackowned partners and push for more minority representation among the company with which it does business. All right. Thats apple. Up nearly eight bucks this morning. Google banning targeted housing ads that are based on gender or age. They say it could violate discrimination rules. The stock is back up 24 bucks a share as of this morning. Now, look at this. Seattle mayor jenny durkin defending the occupiers, if thats what you want to call them, anarchists by any other name of her citys policefree zone. She calls them patriots. Watch this. Lawfully gathering and expressing First Amendment rights, demanding we do better as a society and providing true equity for communities of color is not terrorism. It is patriotism. Stuart okay. The gentleman on the righthand side of the screen i hope is incensed about this. Ed rensi, former mcdonalds ceo. Ed, you know it, i know it. Corporate america never, ever criticizes violence and looting and i dont know why. Well, i find it ironic because very often, business is a victim of the anarchy that exists on main street and we better Start Talking about these things. Free speech is being suppressed by anarchists through threat and bullying, slogans, chants and whathave you and if we are going to keep and maintain a productive society, we have to have the ability to engage in discourse, discuss issues of the day and be realistic about whats going on. The mayor of seattle, the mayor of new york city, the governors in these states, are not equipped strategically or tactically to deal with whats going on and they surrender because they are more interested in staying in office than they are of fixing problems. Stuart nothing changes. Nothing changes. Ever. Thats the way, it just keeps on going. Im really shocked at this. The occupation of an American City by anarchists proceeds without hindrance. Im absolutely appalled by it. Let me move on before my head explodes. Heres a head line for you. The Corporate Media is now controlled by the radical left. This is the same story. It reads top editors are rapidly resigning over allegations of racial insensitivity, most of which are correctible or forgivable if they are accurate. Legitimizing the radical lefts inane and counterproductive policing about politics and culture. Ed, its just the same in the media. Never, ever any criticism of looting or violence or anarchy or arson, ever. Whats going on . Im mystified because madison when we put together the whole concept of free speech in this country knew and we know, you and i know that its important to have debate around the issues of the day. If we cant talk to each other civilly about what we see, what we know, how we feel, what we think the solutions are, we are never going to make progress as a society. You know, our educational systems in this country are in serious trouble. The black community suffers from governmentrun schools that are inadequate by any stretch. We need to go to a School System that allows parents to pick the schools that are best for their children. This idea of free speech isnt free. It carries a price. Each of us must stick our neck out and talk about whats right in this country and silence is not free speech. Ignoring the reality is not free speech. Letting these bullies chant and create slogans to deny the rest of us the opportunity to speak out about issues of the day is just wrong. I find it abhorrent. Im going to speak my mind, im going to talk intelligently. Im not going to get emotional about who you are, what you are. I want to know what your brain has in it. I want to know what you think. I want to know what youre going to do, how youre going to do it and what your plans are and why i should be persuaded to your point of view. We dont have dialogue in this country anymore. We have bullying. Stuart its incredible we wake up on a friday morning and i know people on the west coast are just waking up, its 6 22 out there, and what they are waking up to is anarchy in downtown seattle. Seven blocks taken over by anarchists and the mayor says shes hoping for a summer of love. I find that absolutely extraordinary. Last word to you, ed. Well, the reality of it is our society has been built on the idea of free speech, interchange, government, a Representative Democracy deserves the very best we have. You look around the world, you have traveled the world as i have, socialism does not work. It suppresses people. You doubt me, look at uganda. 100 africancontrolled and the people there are suppressed there worse than anyplace on the continent. Stuart ed, we got it. Thanks very much for joining us. We will see you again soon. Thank you. Back to the market, because weve got about seven minutes to go before we open up again. Huge loss yesterday. Bounce back today. To the tune of about just over 2 across the board. Thats where we are. We will take you to wall street after this. 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. Because when you want to create an entirely new feeling, the difference between excellence and mastery is all the difference in the world. The lexus es. A product of mastery. Experience amazing at your lexus dealer. Stuart we are three minutes away from the opening of the markets this friday morning, last trading day of the week. D. R. Barton is with us. You are saying