Meanwhile, larry kudlow still sees a vshaped recovery, calling for 20 growth in the second half of this year. We have anarchy continuing in seattle. And the mayor there still calling it a block party and a summer of love. Meanwhile, the governor of tennessee says the same thing will not happen in nashville. Senator Marsha Blackburn from that state coming up on that. And new yorks andrew cuomo threatening to shut down manhattan again if social distancing guidelines are not followed and the city hasnt ever really reopened since it all began. Meanwhile, the Trump Campaign moves its tulsa rally to saturday, but there are still concerns about social distancing there as well. The Trump Campaign joining us in the 11 00 a. M. Hour. Big show ahead. Im david asman. Good to have you here on monday. Varney company starts right now. The Health Care Response at this point is as important as fiscal or Monetary Policy, and in particular, its critical based on my conversations with epidemiologists that people widely wear masks, that we have good testing and Contact Tracing and i think the extent we do that well, will determine how quickly we recover. We will grow faster if we do those things well and right now, its relatively uneven. David that was dallas fed president Robert Kaplan pushing personal health care as a form of economic stimulus. Come in, keith fitz gerald. Keith, another down day and youre not as bullish as you were a week ago. I think the comments of mr. Kaplan leading to some of the bearishness in the market, why is he talking about medical issues like Wearing Masks . Its hard to say. Im not a medical expert myself. David nor is he. Well, exactly, but i do know for example, when we are at home in japan, one study i saw over the weekend said 95 or more people are Wearing Masks, transmission is going down versus in the United States, we have less than 20 or 25 Wearing Masks. Theres some sort of economic correlation. On that mark, hes good. But to draw a broader conclusion, we have to open this country. We have to get people back to work. We need to take care of those who are at risk including, for example, my family. So i dont know what the answers are but i do know weve got to get this open. David absolutely. Look at whats happening in the market today, we are down about 566 in the futures. We have gone from the optimism of reopening the markets and our economy to the pessimism of what we see in the riots every night and new virus threats and the response of people like Governor Cuomo threatening in a kind of peevish way to shut down all of new york for the foreseeable future. You know, thats like the dog ate my homework. Theres some sort of punitive angle to what hes saying. Again, weve got to get this country moving because it deserves it. Thats how you build a future. The longer we stay closed, risks aside, we have to be prudent but i think we can get it done. Thats the important part. But this is all about psychology right now. Thats it. The numbers dont even matter. s t its psychology. David i remember a lot of people freaking out in april when the markets crashed as a result of the shutdowns and everything. Some people, im lucky enough to include myself in that, bought in at the bottom. Downward movements like were seeing now do provide opportunities, dont they . No question about it. I have a favorite saying. You have to be in to win or else you wont win. You arent buy low and sell high. If you are a longterm investors, opportunities like this, no matter how painful, how scary, how unsettling they are, history shows very clearly for the right company, this is an incredible way to grow your portfolio. You just have to have nerves of steel. David all right. You have those nerves of steel and its paid off for you and a lot of people you are investing for. Stay with us, keith, if you can. Weve got a lot more to talk about. But lets talk about china and that market where there appears to be another outbreak. I guess its in beijing, right, susan li . Susan in the capital of beijing. We are talking about 80 new cases, this cluster in total. 36 new cases on saturday alone, thats a record number, by the way, for the chinese capital, beijing. Two new cases were found on thursday, three on friday. They say that 98,000 of those that have been related back and linked back to this vegetable and fruit market just outside of beijing has to be tested. Can you imagine that number . Beijing and china has prided itself on being able to lock down cities as they did with wuhan, when they found a new cluster, locked down that city of 15 million for ten days after a second cluster was found. In beijing you do have a lockdown place in certain parts of the city, certain clusters and this is concerning for those at the epicenter of the outbreak which is china, the fact you are seeing this resurgence and concerns that maybe there might be a second wave that has Global Markets and global economies a little bit concerned as well. David susan, as we know, the initial Virus Outbreak happened as a result of the animals infecting human beings and then it became humantohuman. Do we know whether this is humantohuman or whether animals might have been involved here as well . Susan we dont have that information right now but just for your reference, china has recorded 83,000 covid infecti s infections. Here in the u. S. , thats more than i would say five times that and in china, 4600 deaths. Its a different conversation whether or not we believe these numbers but its the remerge ens of cases across the country that has people concerned. David now back to new york, weather was gorgeous in new york city over the weekend and of course, lot of people with cabin fever went outside. Come in, lauren simonetti. Governor cuomo was not happy about that but he wants to take it out on the whole city as a result of a few people going out, right . Lauren thats right. Governor cuomo says he is threatening to reverse the reopening because of violators. Listen. Before i reverse a statewide position, ill tell you what im going to do. Im going to reverse it in those areas that are not in compliance with the rules. Manhattan and the hamptons are the leading areas in the state with violations. Local government, do your job. If we have to close, then people are going to hold you accountable. Lauren so david, hes putting the onus on local governments. Well, lets talk about new york city which is in phase one. Phase two is expected to start in early july. A lot of people are looking forward to that. Well, mayor bill deblasio, the mayor of new york city, says this. We have social distancing ambassadors out all weekend distributing masks and encouraging people to disperse after making their purchases. These businesses are allowed to be open per the governors guidelines and we dont believe imprisoning people or taking away their livelihood is the answer. He said look, its takeout, dont hang out, and the sparring between cuomo, the governor and deblasio, the mayor continues as we are seeing in other places, not new york yet, infections go up. David you know the craziness about all this is when this all began back in march, it was exactly the opposite. The governor was getting on the mayors case because the mayor wanted to close down the city and the governor wanted to keep businesses open. Now its exact i mean, you know, its not just me thats saying this. You are hearing a lot of people in new york, manhattan and even outside of manhattan and new york saying we are run by a bunch of clowns. They dont know what theyre doing. Lauren the rules do seem to change every single day. Look, you have protests, so many people so close together Wearing Masks for the most part but if you can see that and do that, why cant you have a restaurant be open for outdoor seating . David or go to church. Lauren, thank you very much. Lauren there you go. David now lets talk about the seattle protesters, where things are completely out of control. They continue to occupy the capitol hill autonomous zone known as chaz although theres some talk about maybe changing that name. Heres what seattles police chief had to say about all this. Roll tape. My concern as the police chief besides i want to be back in our precinct doing the work is we dont want anyone there to be harmed. We dont want this to be something that devolves into a force situation. So were really trying to take a methodical, practical approach to reach a resolution where everyone gets out of here safely. David keith fitzgerald, you are still with us and you are from seattle. You are our guy in seattle. Now, that same police chief just a couple of days ago was saying look, this is not the summer of love. There are stories or we get calls about rapes, about physical other kinds of physical violence, about robberies. We cant answer those calls because our police are being kept out of the zone. Well, exactly. You know, i grew up in that neighborhood, exact neighborhood, just blocks from where all this is taking place. So theres always been a progressive spirit but she wants to have Public Safety at the forefront. She acknowledges theres got to be massive change, theres some very important conversations that have to take place, but shes very very right and people are fearful because they cannot get Police Assistance when they actually need it. David why is the mayor calling it the summer of love . Thats what we are expecting for the entire summer. You know, that one is absolutely jawdropping to me because that is not the case. Maybe she thinks anarchy is a great thing but i can tell you what, theres a lot of people in seattle who dont think thats such a great idea at the moment. David particularly if there are calls about rapes and robberies going unanswered because of all this. Its insane is what it is. Keith, thank you very much. Lets get a check on boeing premarket. Its going to be a big drag on the dow as it is a huge component of the dow mu. Its down about 6. 25 . Moderna, the drug maker, bucking the trend. Its up on news that israel wants to buy its covid vaccine. Thats good news. Its up about 5. 25 . Check the futures right now. They are down about 627 points on the dow. 63 on the s p, little less percentagewise, and the nasdaq down about 134. But thats the least decline percentagewise of all the indices. Meanwhile, National EconomicCouncil Director larry kudlow says its all about the economy. Listen. I think were off to the races in what will be a very strong vshaped recovery. David what does former reagan economist art laffer think about that projection . I will ask him when he joins us later this hour. As occupiers continue to take hold of seattles copfree zone, the governor in tennessee warns that autonomous zones in his state, unlike in seattle, will not be tolerated. Tennessee senator Marsha Blackburn is here to react to that. But first, the deadly shooting of an africanamerican man by Atlanta Police is sparking a new wave of nationwide protests and debates over the use of deadly force. Already, it was a burning of a commercial enterprise where it all happened. We are on the story coming next. Why bother mastering something . 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. David lets take another look at the futures on kind of a stormy monday as far as the stock markets concerned. Dow jones is down about 590 points. Of course, the markets open in about 15 minutes from now. S p futures down about little less percentagewise. The nasdaq Holding Steady down about 119 points. Thats 1. 2 drop. Next case, the city of atlanta, georgia, bracing for more unrest after an autopsy revealed that Rayshard Brooks died from two gunshot wounds to the back. We are going to be showing you that video. Viewer discretion is advised for this. You will see why. Some may find this material disturbing. Roll it. Youve had too much to drink to be driving. Put your hands behind your back for me. Put your hands behind your back. Hey [ gun shots ] david now, as you can see there at the end, the taser was grabbed by the suspect, he pointed the taser immediately before being shot, you can see he actually fired the taser. Lets bring in raynard jackson. This is awful. Another black man dead as a result of a Police Shooting. We dont know all the details. We want to be clear about this. Lot of people are prejudging it. But isnt this incident not quite as clearcut as the george floyd case . Thank you for having me on your show. I agree with you 100 . This may surprise your audience. I have been black most of my life and we have got to stop blaming everything on racism and bad policemen as a default position. You are absolutely right. Minnesota was clearcut. This, dave, the guy actually wrestled with to policemen. He was a pretty big, strong guy, took the taser away, ran. Now, most folks are saying because he ran and his black was to the police, there was no imminent danger but he turned around with the taser gun and as you rightly said, he fired it. To me, i was appalled that the mayor came on tv saturday night, says the Police Officer in question was fired. What about due process . What about an investigation . This is not a clearcut case. I agree with you. David meanwhile, the black lives Matter Movement is using it as more evidence that we should defund the police. Now, a lot of democrats were normally backing black lives matter, pushing back on that, saying there are steps we can take short of defunding police, but what is your view of all that . I tell you, i have talked to a lot of my liberal black friends all across the country over the weekend, even in atlanta, and not one of them thought this notion of defunding the police was a great idea. Welcome to Donald Trumps second term. David exactly. Speaking of which, hes about to have this rally in tulsa. Do you think that should go on even though theres been a slight spike in tulsa of the coronavirus . I used to live in tulsa. I graduated from oral roberts university. I had the pleasure of talking with a lot of folks who were part of that black wall street. They were elderly by the time i met with them. To sit at their feet and hear their stories, i would tear at your heart. Im glad to see the president move the day from friday, junteeju juneteenth to saturday, and im sure the president will issue a strong statement in celebration of juneteenth, because im sure the president has an understanding of juneteenth which is why he moved the rally. I dont see a problem with holding the rally in oklahoma. We take necessary precautions but we dont need the government mandating our every move. David thank you very much for being here. Great to see you. Appreciate it. Next case, seattles capitol hill autonomous zone. Demonstrators marking one week of overtaking an area of the city without police presence. Now protesters in nashville, tennessee are gearing up for something similar. Come in, senator from tennessee, Marsha Blackburn, tennessee republican. Great to see you. Republican senator, your governor now says that this sort of thing that we are seeing play out in seattle will not be tolerated. How do you stop it . The governor has been very precise in saying he was not going to tolerate this and actually, its a misdemeanor offense to camp on the State Capitol property or legislative plaza. This is an area that has been used for peace ful protest for decades. That is what its there for. People come, they express their opinion, they gather, they clean up behind themselves and they move on. But to come in and do a takeover is something that is not allowed and the governor has said if you try to do this, we are not going to stand for it. David what bothers most people, senator, is that right now, there is a total breakdown of law and order all over america, that you can burn and loot and even take over part of a city, nothing happens to you. Meanwhile, if you trying to open a barbershop in michigan, you have your license taken away and are threatened with jail time. Whats up with that . Yes. The double standard is something that we hear a good deal about, david, and here is the thing. We cant function under mob rule because we are a nation of laws. We abide by the rule of law. And this business of defund the police is foolishness. This business of mob rule and not allowing the rule of law, of trying to live through anarchy, of encouraging lawlessness, this is something that citizens do not want to see. What i have found in tennessee is people love their community. They love their state. They want everyone to be safe. They want equal justice under the law. And they very much oppose this rioting, this looting, this taking over areas, this trying to assert anarchy. David we have to go, but right now, anarchy is winning and law and order is losing. I hope that turns around quickly because momentum unfortunately is on the wrong side of this issue. Great to see you, Marsha Blackburn. Thank you very much. Taking a look at futures, the dow is down about 2. 25 . S p down, nasdaq as well. We will follow it closely. The opening bell when we return. 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. David lets get back to this selloff. Its Holding Steady. Dow is down about 600 points premarket. Weve got about two minutes before the market opens. Lets go back to our friend jeff sica. Jeff, you are not buying on this dip. Why not . Well, because i think this market this market is on shaky ground. We have had this incredible surge and there were a lot of opportunities, esp