maria: yes, absolutely. real quick? >> i would say i love -- i love that kathy brought up nonprofits. they really are being decimated, the smallest of small business and as optimistic as everybody is, remember we're not there yet and prepare for continued -- maria: good point. don't be complacent. congressman, come back soon. great to see you. thank you, everybody. "varney & company" is on right now. stu, take it away. stuart: good morning. good friday morning to you, maria. good morning, everyone. new developments this morning, very positive for your money. a virus treatment from gilead sciences looks very promising. and the president has unveiled a three-phase program for getting the economy moving again. okay. look at this. the market is on a tear this friday morning. this really is turning into a major bounce from the lows, what, three weeks ago.

we've gone from 18,000 on the dow to well above 24,000. look at this. the dow is going to be up over 700 points this morning, firmly above 24,000. that's a gain of over 3%. we've got a 2.5% gain on the s&p and the nasdaq, 1.7%. now, that is a friday morning rally. boeing sure helps. it is reopening plane production at a plant in washington state. there are major gains all across the board, especially for big tech. we will have details on that in just a moment. but look at this. the price of oil, sinking. we were all the way down to $18 a barrel at one stage this morning and right now, we are back to $17.77. just as plans are being made to help the flat on its back energy industry. gas prices, look at this, down again. $1.82 is your nationwide average and it's still coming down in wisconsin. can you believe an average price

in that state of $1.25. i will say it again. $1.25 in wisconsin. all right. can you believe this. speaker pelosi says no to more help for small business. the money has run out and she won't get more. if there's any more money to go around, the speaker wants it first to go to state and local governments. now, she's delivered 25 interviews in the last three weeks, some of which came from her luxury kitchen, where she displayed a stockpile of expensive ice cream for james corbin. you will see that but first, here's the president. >> based on the latest data, our team of experts now agrees that we can begin the next front in our war which we are calling opening up america again and that's what we're doing. we're opening up our country and we have to do that. america wants to be open and

americans want to be open to preserve the health of our citizens, we must also preserve the health and functioning of our economy. stuart: it's a three-stage plan and here it is, without going into detail, here's how it looks. phase one, social distancing still in effect. schools closed. vulnerable and immunocompromised people shelter in place. nursing home visits still banned. move on to phase two. schools, bars, restaurants, open up with diminished occupancy, non-essential travel can resume and working from home still encouraged. then there's phase three, almost back to normal. nursing home visits are allowed. that is phase three. not detailed but that's the broad outline. after seeing that, look at futures. we are on the upside. i keep saying this. 3% up for the dow industrials. come in, marc tepper. this rally to me is all about

these reopening the economy moves. what say you? >> yeah, so from my perspective, this is really best case scenario as far as i'm concerned because there was absolutely no way we were going to reopen 100% on may 1st so rolling out this reopening plan in phases was the best option. just the fact that we actually now have a plan, that improves confidence for the small business owners, for individuals, and when you think about it, we really got to the depths of this crisis off of fear so it's confidence, hope, positivity, that's all the stuff that's really starting to dig us out of this hole and reopening safely, that's really the key. small business owners are slowly but surely starting to get back some of their swagger. the ppp program was a big part of that. we obviously need more money there. reopening the economy is the other part. if we don't reopen safely and the virus flares back up, business owners might be permanently damaged. they can weather the storm once. they have been shut down, they are going to reopen, but if they

shut down again, they might no longer be willing to take the risk that drives our economy so we have to be safe about it. now, i'm on the front lines here, i'm talking to business owners every single day, i'm a member of entrepreneurs organization, there's 14,000 members across the globe doing $5 million of annual revenues, and a month ago, these business owners were all doom and gloom. but there has been a noticeable tone shift over the course of the last several weeks and suddenly i'm talking with all these business owners about opportunities, not about laying people off, not about how they are going to make their bills, but what opportunities exist for them to thrive coming out the other side of this. that's good. stuart: you're right. there's a change in the conversation. change in the tone of the conversation. hold on for a second. i want to go to ashley. now, we are talking about opening up the economy but that's not what new york city's mayor is talking about, is it? ashley: no. bill deblasio not quite as optimistic at getting back to so-called normal in new york

city. he says in an interview with bill hemmer on fox news, opening too early would be a big mistake. take a listen. >> i want school opening in september as normal. i want everything up and running. i don't want a false start. but the light at the end of the tunnel is later on in the summer, as we go into the fall, we can get it right. but a lot of discipline in july, august are the months where we have to get -- begin to get back to normal. ashley: there you have it. if you heard that, the mayor of new york saying it won't be until late july or august at the earliest before the city gets back to normal. we are talking well into the summer. stuart: i don't see that, ashley. in all honesty, i don't see that. this is new york city, closely packed, people in small apartments largely, and what have you got some summ? summer. you want to go to the park, you want to go to the beach.

i think the mayor will have a very hard time instilling that kind of discipline. you agree with that? ashley: absolutely agree. that's not going to fly. people are already frustrated just wanting to get back out there, get back to normal. late july, august, forget it. that's not going to happen. stuart: okay. that's one development, back to work, how and when we do it. the other big story this morning clearly is helping the market, promising news from gilead sciences. lauren, give me that story. lauren: remdesivir, that's a drug we have been talking about for quite some time, very promising news from a clinical trial on it. the stock is up about 9%. university of chicago tested 125 patients, 113 of them severely ill. two died. the rest were discharged. average time, six days. that's a game changer. that means if you give this drug to severely ill patients early, they recover and if you are given the drug early and are

recovering fast, you are stopping the spread of the coronavirus. however, it's too early to bank on this going forward, it's just promising right now. they have thousands of other patients being tested in other clinical trials, but the former fda commissioner scott gottlieb says if you pair this remdesivir antiviral with an antibody test, that's a treatment plan that can really work. stuart: you know, you are right. that is a game changer. in fact, there's a lot of very positive developments on the medical front. first of all, check the stock price of moderna. that company is going to get nearly a half billion dollars to help speed up development of its virus vaccine. the company also plans to hire up to 150 new employees. stock is taking off, up 16%. $47 a share on moderna. mark tepper, come back in again, because you have been a big investor in the health care sector, and i think it's the best performing sector to date, isn't it?

>> yeah. we have been overweight for awhile. it has been the best performer year to date and it's going to continue to outperform and there's really a few reasons behind that. first and foremost, let's remember it is a defensive sector and as we have all experienced firsthand during the recession, people buy toilet paper, they buy ramen noodles and they prefer to stay healthy so health care is definitely an essential expense. the second main reason health care will continue to outperform is the demise of bernie sanders. his medicare for all plan beat the sector up last year. he faded away. now the sector is snapping back. third thing is there has been a huge narrative change. if you remember, last year pharma companies were under attack. everyone was saying you charge too much for your meds, right? now the government is saying wait, we need you, how much money can we give you to produce new devices and new medications. then the fourth thing, the federal government is going to increase health care spending by 27% this year and historically whenever that happens, whenever

there's a spending surge, the health care sector outperforms. stuart: you got it. i love it when you bring energy to the table first thing on a friday morning and you are dead right on health care. 27% increase in government spending on health care. what could go wrong? you're all right. thanks very much for joining us. see you again soon. now i've got news on apple. i'm kind of surprised at it. susan, a downgrade? susan: that's right. a rare downgrade from goldman sachs this morning. they are looking for a 36% drop in iphone sales in the second quarter and as for the first half of the year, they are looking for iphone sales to fall about a quarter. so 24%. in fact, they have reduced their earnings estimates for a third time since the middle of february and they say that services are not going to make up for it, either. they are looking at stagnating services growth into next year as well, 2021, and they see that the cheaper iphone that was released this week actually is

going to lead to lingering price overhang on iphones in the future. people want to move to cheaper phones because look at 23 million americans that are out of work, they can't afford a $1,000 phone. as a result also with the travel restrictions we have seen around the world, apple might be delaying their 5g handsets which they usually introduce in september and october. most analysts, though, are still bullish on apple stock and still expect the 5g handset to be introduced this year. stuart: okay. one more for you. boeing. i know it's up sharply, i know it's a dow stock and is helping the dow. what's the news? susan: that's because 27,000, 17% of their work force are going back to work in the near future. boeing just announced this, that the 747, 767, will return to production relatively soon as well. they are looking to stagnate this in and phase it in so we are looking at april 20th for most of these employees in these specific programs and most returning to work by april 21st. this is important because we know that for three weeks now, we have had suspension of boeing

production in the seattle area. this is going to help this company. stuart: by the way, that stock price movement, because boeing is a dow stock, it is helping to add 100 points to the dow's gain. thanks very much. now, as speaker pelosi is saying no to any more help at this moment from -- for small business, look at this. that is the speaker showing off her expensive ice cream stockpile. the speaker revealed that stash to tv host james cordin earlier this week. lot of people not happy about it. you will get my take on it at the top of the next hour. also in the 10:00 hour, hud secretary ben carson. he's a pediatric neurosurgeon, one of the best in the world, as well as hud secretary, and he's warning the public don't operate out of hysteria. that's important. we will discuss it with him. first, codiagnostics. that stock soared 44% yesterday

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stuart: all right. that paycheck protection program, ppp, out of money and here's what speaker pelosi had to say about extending the funding. roll tape. >> they need the money, we understand that, and we're willing to give them that money but we also need the other money and the question is not why are we not just saying let's just do that and forget about hospitals, state and local. stuart: hillary vaughn joins us now. what's the latest on this? reporter: house speaker nancy pelosi had a meeting with

mnuchin yesterday afternoon. she said she was waiting for him to come back with some type of deal that she thinks people in her party can actually get behind, but really, things are in a stalemate and in limbo. while democratic party leadership continues to block this funding, they are losing several lawmakers in their own party. we heard from two democratic senators yesterday who said we should be approving this extra $250 billion, no strings attached, let's get the money to that program. of course, we have heard from the president yesterday, who has said the democrats are obstructing this process and costing workers and businesses their livelihoods and just this morning, we heard from white house economic adviser larry kudlow, who is asking for congress to get this money through today in a matter of hours. >> 13.5% of the work force is unemployed. it's not because of what they've done. it's not because of bad business decisions. it's not because workers are slackening off. they're not. it's because of the coronavirus.

so what is the congress waiting for? let's get going. this thing should be done in a couple of hours and a voice vote today. reporter: really, this is a waiting game to see if pelosi makes a move to indicate she has a deal with mnuchin that she's finally willing to support. stuart: hillary, thank you very much indeed. we will see you later on. i want to get back to the positive news developments, medical news developments. abbott labs, lauren, what have they got for us? lauren: well, they have four coronavirus tests. i want to talk quickly about two of them because the stock will open at a record high today. the first is an antibody test. they can ramp up production, expect to ship four million of them this month. the second is a lateral flow blood test that is fast testing if you have the virus and that allows for mass screening and mass testing, if you try to get everybody back to work eventually. stuart: thanks, lauren. i want to bring in dwight egan,

codiagnostics ceo. he's got some very important news for us. dwight, i believe you are working on a new test that does away with those awful nasal swabs. is it spit in a cup? have you got that? >> you know, stuart, last time i was on your show, you challenged me to find an alternative to the deeply uncomfortable process of sticking a long probe into your nasal cavity to the back of your throat. i'm pleased to tell you that today, that one of the leading innovators in saliva testing, oral dna labs using codiagnostics technology, has developed a test that uses just the patient's saliva and a little nasal swab, circling the front of your nostril, where you spit into a cup. this is the actual cup and the test is used, you spit into after gargling and swishing for about 30 seconds, and it

provides a test that is completely self-administered and it's very fast and very effective in that it has great accuracy. stuart: we asked you to come back with something better than the nasty nasal swab and you did. this is ora-risk, that's the name of the company, using your technology, i think. let's be clear here. this is fast, it's easy and it is reliable. are all of those statements accurate? >> yes, they are. and keep in mind, stuart, this test can be done at drive-ups, in doctors' offices, in dental offices. we have over 180,000 dental offices in the united states we haven't really harnessed here in terms of this testing we need to do. we need to do massive testing. so we are very pleased that this solution has been developed and it's going to be a great

addition to the arsenal that we have to get america back to work. stuart: just out of interest, you must have been working 24/7, 24 hours a day on this, because you have come up with this really quickly. i mean, was it that kind of effort involved? >> it certainly was, stuart. it's not just developing and helping with this new test development, but just putting tests out, it's really a thrill to watch our laboratory go to work with our employees that have to work many times into the night or the weekends to meet the great demand of testing not only here in the united states but around the world. stuart: you know, you guys were supposed to be just nasty and greedy and look what you've done for us all. dwight egan, co-diagnostics ceo, thank you very much indeed for being on the show and thanks for answering that challenge. dwight egan. see you soon, sir. thank you very much. >> my pleasure. stuart: now, i've got a couple

items from the ford motor company. number one, they say they are going to lose $2 billion, that's a lot, in the first quarter of this year. and they are looking to make employees wear little wristbands that would buzz if you get within six feet of another person. in other words, that's all about social distancing. the stock's up 4.5% but still at $5 a share. look at altria, tobacco company. the ceo howard wood is retiring after recovering from the virus. the stock, i don't think the stock has had much impact from the virus. it's at $41 a share. have we got a lineup of guests today. we will start with house majority whip steve scalise at 9:40. 10:15, hud secretary carson. he's a world famous doctor. i'm interviewing him today on medical grounds as well as housing. as for the market, opens up in about six and a half minutes' time. we will be up cross the board.

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stuart: tweets from the president going after the w.h.o. here it is. why did the w.h.o. ignore an

e-mail from taiwanese health officials in late december alerting them to the possibility that the virus could be transmitted between humans? why did the w.h.o. make several claims about the virus that are either inaccurate or misleading in january and february as the virus spread globally? why did the w.h.o. wait as long as it did to take decisive action? there you have it. now, 80% of the hotel rooms in the united states, 80% of them, empty. people are losing their jobs, so 80% empty. jeff sica is with us. he's a hotel owner and developer. jeff, welcome back. you are having trouble getting government money and i think i know why. you've got to maintain full staffing levels into june to get the money and that's your problem. am i right? >> that's exactly it, stuart. first of all, we have an

application in for the program. we're waiting to hear back on that. but there's a problem and the problem is exactly what you said. the money is intended to go towards employees, towards payroll, and for a hotel, a hotel spends most of their money on desk service and taxes plus we have to get the employees back to work in order for that part of the loan to be forgivable. that becomes problematic primarily because we have to have business, we have to service our debt and we have to pay our taxes before we can bring in employees with confidence that we will be able to keep them. stuart: i'm going to ask you real fast, jeff, we will bring you back after the market opens, but can you stay in business with your hotels if you don't get that government money fast? >> i mean, we could stay in business -- the hotel business

is a great business. i'm very grateful to be part of it. we can stay in business but it is going to be very very difficult. here we are in an industry that went from the pinnacle to the pit in a month, and in order for us to build ourselves back up, [ inaudible ]. stuart: you got it. jeff, i feel for you. you must be heartbroken because i have known you for a long time as you developed and built hotels. hold on for a second. i will get back to you in a moment. look at the big board. we just opened up this friday morning and we have got a gain right from the get-go of 2.5%. not all the dow 30 stocks are open yet. those that are open, almost all in the green. i just see one downside move and that is from apple. they've got a downgrade, okay, but this moment, the dow up 2.5 se %. the s&p, 60 points up, just over 2% and the nasdaq, how is that doing with big tech and all?

well, it is up but just 1.5%. we'll take it. boeing, let's have a look at that, is restarting commercial plane production in seattle next week. it's up nearly 10%. that's contributing 100 points to the dow. it's a dow stock. gilead sciences, new data shows big progress in developing a drug to treat the virus. big progress indeed. that stock is up 10%. moderna, they just won a $483 million government contract, awarded, not a contract, award to develop a virus vaccine. up 16%. amazon workers are now calling for a walkout next week. they are protesting the firings and treatment of warehouse workers. the cstock is down $35 not because of the threatened walkout but it's just had such an amazing run recently, little profit taking there. walmart are offering to give people immediate access to their stimulus checks with their money card. that's the walmart debit card.

the stock still right around all-time record highs. netflix have had a tremendous run this week. the stock hit a record high, retreating just a fraction. but they are hiring more people. nvidia, i have a separate piece of news here on china approving a near $7 billion deal to acquire an israeli chip designer. maybe that has some impact on nvidia which is dead flat. after having a very nice run. come in, susan. i want you to explain something. microsoft teaming up with the nba to personalize games. explain, please. susan: well, i think it's actually quite good, especially in these times as we missouknow nba has suspended play for the last few weeks and microsoft won this contract over amazon, over google, and also, this adds to their nfl profile since we know nfl coaches and players have been using the surface tablets on the sidelines. how does this work? it uses artificial intelligence

and cloud computing so if you are searching for lebron james for one, basically, i have to use the term basically to explain technology to you, stu, so it searches, it knows you are searching for lebron james and it offers you more insight into lebron james, maybe some of his teammates and it personalizes a lot of the video that you watch on your screen and also some of the information that you are looking for. does that make sense? i'm trying to make this very basic for you to understand. stuart: oh, basically, susan, that makes a lot of sense. basically. that was a wonderful report. thank you very much indeed. more technology which requires explanation for me. zoom. lauren, come in, please. they are trying to fix that security problem, are they? lauren: yes. the way they are doing this is they have hired some former google facebook employees to work on privacy and security. think back to microsoft about 20 years ago when they had issues

with windows and that p.r. campaign that went on to get you to trust them again. trust is the key word. that's what zoom is doing now. you have to remember, they are a young company. they just ipo'ed last year. because we are all staying at home and working from home, their technology is so popular they have to prevent zoom bombing, when someone intrudes on a conversation, and also some software bugs. they hired a team of security experts to help them do that. stuart: thanks, lauren. back to hotels. 80% of the rooms empty. some hotels are accommodating coronavirus quarantine people. ashley, come into this, please. do you think guests will feel safe going back to a hotel that's been used for quarantine? ashley: that's a very good question. no one knows the answer. but i would say it's not going to be easy for the hotels. these are rooms being used by people who have been exposed to the virus and want to stay at the hotel because they don't want to expose their family members to the virus. our hotels have been used as

wards for coronavirus victims. in california, two hotels are being used to house the homeless. so how do people feel about going back to a hotel once we get through this pandemic? one thing's for sure. the hotel industry is going to have to really convince the public out there that they have instituted extreme cleaning procedures and to provide that confidence. it's not going to be easy. it's already been very very rough on the hotels, a lot worse than the 2008 financial crisis for sure. stuart: you're right. let's ask jeff sica, hotel guy. i hate to pile on with this negative news here, jeff, but do you think people will feel comfortable going back to hotels that were used for quarantine? >> that's a very good question. we have been discussing it. here we have a scenario with all these empty rooms. i feel it's our responsibility to seriously consider opening these rooms for the sick because we do want to service the community. i do believe that we are going

to take -- any of the hotels are going to take any means necessary to make sure these rooms are clean and there's going to be a duration before people will actually come into these hotels. but it's still a big question. medical science has to tell us what we should do here and we will pay attention. stuart: jeff, we feel for you, lad. you've gone from the peak to the pits in a couple of weeks. that's not good for you. i understand that. ash, back to you for a second. i understand hilton is concerned about room revenue. tell us about that. ashley: yeah. i think all the hotels are. hilton says first quarter revenue, revenue per room, going to be down anywhere from 22% to 24% and it could get worse from there. they say frankly, we just cannot estimate the financial impact at this point. we know it's going to be severe. marriott has basically said the same thing, expecting room revenues to drop 23%. about 1,000 hotels operated by hilton have been shut down. that's about 16% of the global

operations. the only bright spot, i will say, for hilton is that they have now reopened 130 of their close to 150 hotels in china. stuart: okay. got it. let's check the big board again, because it's friday morning and this is a rally. the dow is firmly back above the 24,000 level. it's up 2.3% as we speak. that is a rally. the ten-year treasury, what's the yield? how low is it? that's an indicator of how much money is going into safety and coming out of stocks. well, it's the other way, actually. what we've got now is a lower yield, .61%. that's the ten-year treasury. oil, just a few minutes ago it was at $17 a barrel. it's still, okay, gold first, okay. $1,700 per ounce. let me show you oil now. i think it's still at $17 a barrel. i will say it again. you can't make money drilling for oil at $17 a barrel in

america. one more time, apple, what's the news there, susan? susan: we also had a company-wide virtual meeting being held yesterday and helmed by ceo tim cook where he talked about apple making a really significant research and development investment in the future because this is an uncertain, stressful moment, of course, given that a lot of their -- in fact, most of their employees are now working from home and when asked about job cuts, potential job cuts, tim cook said we have a strong financial position and pointed out they continue to pay their retail employees while the stores are closed. some people took that as saying he has i guess nixed the idea of cutting staff. however, when you have $230 billion in cash on the balance sheet, you can afford to still pay and by the way, invest in research and development so you come out of this even stronger. even during the shutdown, we have seen device launches, for instance, the iphone se, the cheaper phone, second generation that was launched just this week, also the ipad pro and the mac book air and some big tech

might emerge out of this stronger than ever before. stuart: $230 billion in cash. hard to believe, isn't it. thanks, susan. house speaker nancy pelosi, she is under fire after showcasing her gourmet ice cream collection. i will pass judgment on that with my take at the top of the hour. and let's go from cold to red-hot. tesla's stock rising nine straight days. what is behind that streak? i've got to find out. and we will. house majority whip steve scalise says the u.s. had the hottest economy in the world before the virus. how do we get back there? can we maintain energy dominance? we will ask him. he's from louisiana and he's next. i'm your mother in law. and i like to question your every move.

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stuart: friday morning, 13 minutes into the trading session, and that's a rally. 500 points up for the dow industrials, that is, what, 2%. nice gain. the price of oil, though, ouch.

this hurts. $17 a barrel at latest count. $17.91, to be precise. the price of gasoline, okay, that's all good. comes down consistently. we are at a national average of $1.82 and again, i'm going to bring you that unbelievable price from wisconsin. absolutely unbelievable. and i can't explain it but it's $1.25 on average in wisconsin. we have to talk about maintaining america's energy independence and dominance. in an era when we've got $17 a barrel oil. let's bring congressman steve scalise, louisiana republican. obvious question. by the way, welcome back to the show. it's always good to see you, sir. >> good to be back. stuart: how do you maintain america's energy dominance? good to see you, too. energy dominance. what's your plan to keep us that way when you've got oil at 17 bucks a barrel? >> there are a lot of things that are being worked on and look, there are a lot of

concerns, obviously. getting this fight between saudi arabia and russia where saudi was dumping oil and discounting the price, in many ways not just to fight russia but to try to crush our energy dominance, especially in the shale play. we at least got that put on hold and reversed. the real issue, stuart, if you look at what is driving all of this, and that is the tremendous drop in demand for oil globally. you know, we were at about 100 million barrels a day of oil used by the world before this pandemic broke out, and today we are at maybe 75 million or less. so you are seeing more than 25% drop in demand. so even a 10% correction by saudi and russia isn't making up the gap and that's why the price is so low. it is going to have to rebound. we've got to get the economy open again. that's the real answer. we have to get the economy and the world economy open again. stuart: sir, how do you feel about the situation as of today? we want to put another, what, $250 billion into the hands of

small business. i mean, another stimulus package. we want to do that. but speaker pelosi and leader -- minority leader schumer, they are saying no. you could have a voice vote today to say yes but at this moment they're not having anything of it. i don't understand this. i just -- political strategy would say no, you can't get help to the people who really need it? >> it's really mind-boggling, when you have small businesses hanging on by a thread and many are actually going to go under in these next few days and they tl are also millions of employees. you just saw another 5.5 million people put on the unemployment rolls. the paycheck protection program we are trying to keep going, president trump wants to keep going, is literally the thing that will bring millions more people back on to the work force, back on to the payroll, off the unemployment line and it's incredibly successful, working well for small businesses and this is what nancy pelosi and chuck schumer are holding hostage to their other demands instead of just

saying okay, we recognize there's other fights we are going to have politically but don't hold anybody hostage, let's keep this program going, let's keep our small businesses and the millions of americans who rely on them for their jobs to stay afloat and yet they still say no. it's just unbelievable that they would do this to millions of americans who have incredible uncertainty and the likelihood of losing their job and the company that employs them going under. stuart: yeah. you are a congressman from louisiana and louisiana was a hot spot for the virus, especially the new orleans area. can you give us an update? how are you doing in your state now? >> i appreciate you asking and look, the state's doing better. the city is starting to come down from that big spike and unfortunately, you are still seeing a number of deaths from coronavirus, but you are also seeing a reduction in the people on ventilators, for example, which is a good sign for the

long term that, you know, you saw for a period, new orleans was one of those areas that was concerned about a shortage of ventilators. president trump stepped in quickly and helped to get us more ventilators and ppe for our hospital workers, and i talked to the heads of all of our hospitals. they've got things under control. they are doing incredible work. we have even talked about how the health care industry can play a role in reopening our economy safely. we're not talking about going back to the things that were going on before when the disease was spreading, but how to open the economy and do a better job of stopping the spread of the disease at the same time and the hospitals have a real important role to play there and they have some really good, smart ideas about how to do that. stuart: we love to hear good news from the state of louisiana, and we love to see you back looking hale and hearty, steve scalise. always a pleasure to have you with us. >> i'll take it. i can't wait to be in studio with you again one day, though. stuart: you look hale and hearty

from a great distance. see you again real soon. that's a promise. now, we like to keep you in touch with the winners, that would be stock market winners. one of those winners recently has been costco. okay, it's down a little bit today, but there's news on costco. there's news on costco almost every day. what have you got, lauren? lauren: well, it teamed up with instacart. you know them, they deliver groceries, especially now as everybody is staying at home. so you can place an order with instacart and get your prescription, your medical drugs, delivered to you from over 200 costcos across the country. one quick thing on instacart. it is so in demand, they rapidly hired workers. their grocery delivery volume is up 400% versus the same time last year. 400% growth, now expanding delivering medications with costco as well. stuart: it's entirely understandable, lauren. but it's great to hear the company's doing well. good stuff. extending service.

nothing wrong with that. lauren, thank you very much indeed. now, i want everybody to take a look at this. a 106-year-old leaves the hospital, round of applause, you can see it right there. she became the oldest person, this is in britain, oldest person to beat the virus. she says she couldn't wait to see her grandkids and eat some lunch. that's the round of applause well deserved for everybody right there. that's britain. tesla, it's on a tear again. i don't know why. why would this company be on such an extraordinary tear as it has been? we are going to find out why after this.

stuart: the rally holds. look at that green. we're up 500 on the dow, 90 on the nasdaq, 53 on the s&p. that is a friday morning rally. look at tesla. okay, it's rolling out a new auto pilot feature to recognize and react to stop signs and traffic lights. that's a good idea, isn't it? i want to bring in ari wold -- oh, okay. we don't have our analyst. that's unfortunate. here's the story. look at tesla. $766 per share, it's gone up more than 50% i think in the

last eight trading sessions. that is an enormous rally. i just don't get it. honestly, i don't get it. here you have gasoline dirt cheap and they are an electric car company. here you've got a decline in sales volume for vehicles. tesla is a vehicle seller. tesla cannot pay its rent or doesn't want to pay its rent. i mean, susan, can anybody straighten me out here? what is going on with tesla? why is it up? susan: they have the cash so why not just ask for a discount when you can in these times, and the reason is that a lot of people are bullish on tesla. we have goldman sachs initiating coverage with an overweight, that means they are calling a buy on this stock because tesla first of all, their technology is superior to others. they have a first mover advantage. and they are delivering more vehicles than anticipated. you know the model y, they will get that on the road faster than people had expected so that's something tesla hasn't done for many years, in fact, ever. now they are exceeding

expectations. stuart: i just wonder about the long-term impact of dirt cheap gas on the electric car business. i've got to move on. here we go. did you tell me we have the analyst? i've lost communication. okay. let me go to -- telling you what we've got coming up on the show. first of all, promising news about a virus treatment and it comes from gilead sciences. the stock is way up. the question is how effective is this treatment. we are going to ask dr. ben carson, one of the best neurosurgeons in the world. he's also the hud secretary. we will ask him about the virus and medication. house speaker pelosi says small businesses cannot have the money they need, at least not right now. that as millions of americans join the unemployment line, she's sitting pretty in the kitchen showing off her stock of ice cream. we will deal with that next.

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contraction. stuart: there you go. ashley: we're down 6.7%, so that gives you a sense, this is an indicator that barely moves very much from month-to-month, so that's a pretty dramatic down move but we are expecting a move of down 7%, so if you're looking for a tiny bit of light, maybe we're not down as much as we are but we know these numbers stu now and certainly in the short-term are going to be very rough indeed. stuart: absolutely everybody knows it, it's real bad right now so all of the indicators are real bad news, and there we're down 6% leading indicators and by the way that came out what 30 , 40 seconds ago and you've got no impact on the market in fact the dow has moved up just a little after that news came out. we're up 566 points on the dow better than 2%, all right, everyone? now this. speaker pelosi says "no."

no small business cannot have the money it so desperately needs, at least not now. the speaker wants to give more money first to state and local governments. business, step back, government step forward. the left never had much time for business, and they really don't appear to care much for it now. it's a big no from speaker pelosi, even though 21 million americans are being thrown on to the unemployment lines in the last three weeks. all right it must be very upsetting to be the owner of a failing business shot down by government order to see speaker pelosi addressing the world from her luxury kitchen, december playing her stockpile of expensive ice cream. she's given 25 interviews in the last three weeks. she has accused the president of causing "unnecessary deaths and economic disaster" whoa economic disaster, what! is there trump's fault, nothing to do with china, and she

refuses to okay more help for small businesses? even nbc's chuck todd suggested that might be a risky strategy. just doesn't feel right, does it the extremely wets it speaker of the house blaming the president for economic disaster as she shows the contents of her fridge to jamescorbin. watch this and you see what you think. >> speaker pelosi what have you found, what are you going to share with us from your home? >> chocolate. >> really? >> chocolate, candy. >> oh, wow. oh, my, wow. >> other people in our family like other flavors but chocolate and then we have some other chocolate here. >> how much of your regular diet do you think is ice cream and candy? >> well as much as possible. i enjoy it. i like it better than anything

else. stuart: i used to be a fan. tammy bruce joins us fox news contributor. should speaker pelosi really be talking about ice cream on late night shows at this moment in time, tammy? have it. >> how you doing, stu. look obviously this is a moment of let them eat chocolate, right there is such a lack of self- awareness and disconnect with what's going on in this country. now americans have known that which is why in part donald trump is the president, but keep in mind, these are individuals who have yes, have said they will not address an additional funding for the ppp for the program for money for small businesses which is meant for payroll, keep those businesses open and up, and this is the key, right? this is why someone's not getting pair paycheck and they refused to do that and all the republicans want to do is add a chunk of money on what's already been approved that ran out. that money ran out so if you're a small business, you are out of luck. its gone, and what's nancy

pelosi doing in some of those interviews you mentioned, stu, in the 25 she's done over the last few weeks? she went to fight and complain about the money for the world health organization, where a fox news report, our sister station, indicated that they were active in helping to cover up the pandemic, so she's fighting for hundreds of millions for the world health organization, and while she is saying no to funding and they refuse to go to washington to address money for small business stuart: just hold on for a second, tammy. i'm going to do a lot more on this. i want to get this in. it's a tweet that we just received coming up from the president of course and here he is. i'll read it for you. today, people started losing their jobs because of crazy nancy pelosi crying chuck schumer and the radical left, do -nothing democrats who should immediately come back to washington and approve legislation to help families in america.

end your endless vacation! tammy, while i've got you i just want to move on a little bit here. this allegation against joe biden, a former senate staffer claims biden sexually assaulted her. now we've heard from countless democrats that the woman must always be believed. i hope this is not true about joe biden, but i see a double standard here, when a democrat is accused of one thing and a republican accused of another. go at it. >> well look, their attitude during the kavanaugh situation, i argue that the time and still argue will always argue, was in and of itself, this notion that there is to be no due process, that a man is guilty until proven innocent, and that in fact you're supposed to as they said as you've noted believe all women. my argument was take all women seriously, and then we can move through the justice system and give them some due process. that way, no matter who is the

complainer, who is the alleged victim whether it be a democrat or republican, we're taking all women seriously but at the time with kavanaugh and i said this , that this dismissal of the seriousness of women of the seriousness of accusations was going to affect how other women were going to be viewed and this is now what the democrats are doing. they refuse to acknowledge the situation because its political ly inconvenient. nerd, confirming that they don't care about what women experience , that this is all political, and now we're seeing it played out once again in realtime. stuart: okay. tammy, thanks so much for being with us think friday morning great stuff and we'll see you again soon. best of luck to you. >> thank you. stuart: for the market, we're still up 500 points, that's what roughly 2%, same for the s&p 2% up, nasdac coming in with a gain of 1.4%. you better look at gilead

sciences their drug remdesivir shows promise, real promise in treating virus patients, the stocks up 8%, $82 a share, and maderna, the government is pledging what nearly $500 million to help speed up development of its coronavirus vaccine. the stock is up 11% and boeing, they are restarting production at its seattle factory as early as next week, and the market loves that up 11% on boeing and apple, the ceo, tim cook, says he doesn't know when workers will return to work, but when they do, there will be temperature checks and social distancing. the stock is down $3 to $2.83 and uber it has withdrawn its 2020 guidance and warns that its revenue loss could hit $80 million this quarter, and nonetheless, uber is up 5%, $ 1.40 at $28. let's get back to china and the gdp. now, susan? you seen the numbers is china's

gdp shrinking? >> oh, yes contracting by 6.8% in the first three months of this year and why is that important so when china catches a cold the u.s. also gets sniffels so does the rest of the world and this is an indication as the economic pain stemming from coronavirus and might be indicative of what the u.s. will go through, so we saw a contraction of 6.8% and that's the worst since records have been kept in china, going back to 1992 some say it's the worst three months for china and their economy since going back to 1976 and the economy in china hasn't seen a full year contraction since the end of the era and this is kind of expected since we know the factories were shut and these asset investments fell 16% retail sales dropped 15% but you have to look ahead and we saw hong kong trade up 1% because manufacturing actually didn't fall as much as anticipated in the month of march because they are slowly reopening and they can see the other side of business actually getting back

to normal and getting back up to full production, but you know, when china shrinks like this , the world also suffers. stuart: i could see that, susan, thank you very much indeed. now, if you're a car maker, ford , general motors, whoever you are, you've got problems because there's a decline in the demand for new vehicles, and you've got a lot of production capacity, which is not being used. i want to bring in jack howe, ba rrons guy, because he held a conversation with ford 's ceo, jim hackett. what did he tell you about ford 's situation? jack? >> yeah, thank, stuart, so jim hackett said ford not need ing a bail out during the great recession that's a pride for the company and he says he's heard from customers over the years that makes them feel good about the brand and the company has taken that to heart so it feels that it went into this well prepared. now, no one ever expected a total shutdown of the car

business for a month but that's where we are. ford has said that it has enough cash to make it through to the end of the third quarter even without the car business reopening and no one expects a shutdown of that length. he also talked about the company changing the way it makes cars in the future using nano materials in car interiors that kill viruses on contact and he mentioned the ridesharing economy. that's uber and lyft. he said this was never really a problem for ford business but there are people out there who think that some day we're all going to do ridesharing and people won't own cars but feels like this pandemic has really changed people's thinking about wanting more control over their spaces, including their cars. stuart: okay he's trying to put a brave face on a difficult situation, looking to the future , and the stock is at $ 5.17 a share. okay it's up 4.6% today, but still at $5. jack thanks for joining us by the way you can see more of jack

on barrons round table on fox business network friday, 10 p.m. eastern time. >> a new survey from the independent restaurant coalition found that only 1 in 5 restaurants believe they will survive the crisis. only 1 in 5 think they will survive. later this hour we're talking to a former mcdonald's ceo about that, extraordinary forecast and president trump has created a number of groups to help reopen the economy. one of those groups is focused on agriculture. this hour, with the american farm bureau joins us as part of the industry group and next, the department of housing and urban development working with the white house to get mortgage relief to americans during this crisis. joining us next is hud second ben carson.

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stuart: for the benefit of our radio listeners and there are some i believe, we're holding on to the rally but it's not as strong as it was a few minutes ago we're up 360 points that's 1.5% for the dow, same percentage gain for the s&p, nasdac up a little less than 1%. i want to bring in housing and urban development secretary, otherwise known as hud secretary dr. ben carson doctor, it's always a pleasure to have you on the show and i want to interview you largely on the basis of being a doctor one of the best neurosurgeons in the world and you say that we can't operate out of histeria. do you think there is almost a histeria in our country at the moment because of the virus? >> well i think people are starting to calm down. they are starting to realize that maybe this is not the monster that we thought it was, and as we get more

information and as we recognize that it really is major danger to people in certain categories, not so much in others. doesn't mean that it doesn't touch people in other areas but for the most part if you're young and you're healthy, you're protected, and that's particularly true if you're willing to observe some of the guidance that has been put forth in terms of personal hygiene, in terms of social distancing, in terms of mask wearing at appropriate times. all of those things really make it possible for us to live with this until it goes away. it will go away, and we will have a vaccine and this is a temporary situation and that's what we really have to emphasize to people. this is not a permanent change in our lifestyle and the back on which this is emerging is a very strong economic infrastructure. in 2008 it was a very weak infrastructure completely different situation.

stuart: again, as a doctor, i want your take, please, on gilead science's remdesivir given to patients who have the virus, many of them, i think the vast majority of them recovered and were out of the hospital within a week. sounds promising to me but i'm not a doctor. what say you? >> well it is very promising, and it has been utilized in various places not just in one clinical study, so i think we have the situation where we begin to use things. for instance we begin to use the hydroxychloroquine even though we have completed all clinical trials because there's been enough evidence not only in this country but in other countries that it works, that we're willing to give a little bit in terms of safety in order

to achieve what we want. it's always a matter of benefits to risk ratios and when you do that in a logical fashion, you generally will come out on the right side. stuart: may i turn away from you being a doctor and turn to your job as the housing and urban development secretary. we have reports that maybe 2 million people have not made their monthly mortgage payment. that's obviously a problem for the mortgage companies because they've got money they have to send out but they don't have that money coming in. do you have a mortgage relief program and if so, what's it all about? >> yes, we do, for mortgages that are backed by fha, or endorsed by fha, which often includes usda and va, it is engaged in a whole cascade of options and one of the ones that's most promising is called

partial claim, and what that means is you take the payments that were missed and put them into a sub-mortgage, which is tacked on to the end of your primary forward mortgage so you don't have to pay it until then, interest-free so that's obviously a very very good option, and then there are a host of other forbearance options and we're encouraging all the services to look at the whole waterfall cascade of different options to go to, and to fully recognize that this is a temporary situation, so somebody whose been a good customer, whose been paying, obviously you don't need to take punitive action against such a person even in terms of negative reporting. stuart: how long before we see that mortgage relief program in effect? >> it is in effect already, but

it is very important for people to understand that you have to contact your servicer. if you think you're going to be experiencing difficulty, do not think that these things kick in automatically. they don't. you have to be proactive. you have to do something. stuart: i'm sorry, dr. carson, i did not realize that and i should have known it and i didn't. by the way, sir i'm getting a lot of messages from our viewers because i introduced you as one of the best neurosurgeons in the world and they're asking, what are you talking about? may i explain that you are the doctor who separated the joined at the head twins in south africa many years ago? you were the doctor who did that will you confirm that, please? >> yes, i've actually been involved in a number of such cases, but yeah, that's probably when i became more well-known. first it was

for hemispherectomy, taking half ox brain of children with seizures and then it was intra uterus surgery and then separation of twins and various other things and that was a wonderful life having an opportunity to give people a second chance at life but in the operating room you can only fit one life at a time maybe two if it's conjoined twins, but you know, in the role that i have now, a possibility of improving the lives of millions of people, it's so important, so important that we give back and try to work in a way that will improve society. stuart: mr. secretary it's an honor and a pleasure to have a man like you on this program, don't be a stranger sir come back soon we love it. >> thank you so much. stuart: i just want to take 20 seconds to bring this to your attention. it's news from germany. i think it's real good news, ash , tell me.

ashley: it is the health minister of germany has announced they believe that they have the coronavirus now under control. the number of recovered patients is outnumbering the number of new cases, and they have the infection rate has dropped to .7 and this is something that germany tracks every day and for every infected person that has passed the virus on in this case to less than one other so it was above, it was 1.2 and now its dropped below that to .7 and it's a very encouraging sign and they also say that germany's death rate is still under 4,000 compared to other countries in europe that's very low. the uk now has 14, 500 deaths reported, germany being praised for its aggressive testing done very early in the pandemic. stuart: got it. ashley good news and we thank you for it and that's good stuff now, bottom line, the rally holds we're up 300 points r to the dow industrials and 1 in 5

restaurant owners believe they will not survive this crisis. not going to survive, next we'll give you all the details, plus former mcdonald's ceo, ed rensi is with us and we'll be back.

stuart: all right, rally holds just about 400 points, take a quick look please at the shake shack, they are laying off, or furloughing i should say 1,000 employees, they reported preliminary first quarter sales missed whatever target they've got, and the stocks down nearly 3%, and now news on restaurants overall, lauren what do you got for me? lauren: it's dire, they say 1 in 5 restaurants will survive the coronavirus and that's it. this is an industry that responsible for 4% gdp and 11 million jobs. they say they, the government must change the payroll protection program this is the issue that the restaurants have with it. they say look they want us to take these funds and use it right away within eight weeks in order for the loan to be forgiven but look all restaurants are closed we have these huge rent bills to pay and when the states start to reopen

and the restaurants reopen there's going to be social distancing so they say expanding on a time, give us three months, when we're near full capacity, to use the money, and we have been decimated by coronavirus last week i felt optimistic right now this is a dire situation that we're in. stuart so that's the warning, coming from the restaurant industry right now. stuart: i'm just thank you, lauren. i'm just blown away by that statistic there, and it comes from that side of the fence. one in five will survive that's it, good lord we better bring in ed rensi, the former ceo of mcdonald's now the fat brands chair. come on, ed this is extraordinary stuff. only 1 in 5 restaurants survive, do share that view. >> i'm not sure of that statistic specifically but restaurants historically have between a five and 10% margin of

profitability and being shut down completely for three, four months is devastating to a lot of small restaurant operator s. big chains like fat brands, mcdonald's they will survive and figure it out but the small local operators are in a lot of trouble. i'm a bit optimistic in this fashion that the american people are very resilient, and once we get this economy back going again, with the three- phase program, the strategic program our president trump has laid out, i think we can recover over time but i'd say let's celebrate the frontline warriors of the medical staff but let's not forget all the folks back home that are operating these restaurants need us to pay attention to them as we go forward. it's going to be a very tough time for a lot of people. stuart: oh, sure, sure it is, but here is what icon receive of as a problem for when we do get back to opening up restaurants. you still got to have these

social distancing rule, tables spread apart, bar stools will have to be spread out. that means surely you're never going to go back to the levels of revenue that you were bringing in before the virus. that's a huge problem isn't it? >> it is. the slow roll is going to kill a lot of businesses and we've got to get smart fast. i think screens are a good idea. i think separation of tables is important, but a full service white table cloth restaurant is probably going to lose 60-70% of their seats when they reopen and that kind of revenue drop is going to be unprofitable because they're not designed to operate at that level. you're talking about some nights dropping to $96,000 of income of revenue on a saturday night down to $16,000. that's just not sustainable, so we've got to do some things i think one of the things is we've

got to give consumers and the government confidence that we are one of the most sanitary places in the world you can eat. we've got peer review, regulators from state government s inspecting these restaurants. there's a company in chicago called pure line that can sanitize an entire restaurant literally overnight from top to bottom, make it perfectly safe. i think we should take the temperature of every one of our employees when they come into work. i think we should have door attendants so people don't have to open the door themselves there's a lot of things we can do, we can reset the industry, get our creative thinking caps on and go to work and make it safe for everybody employees and customers alike and i think we can become the champions of hospitality just like the doctors and nurses are champions of hospital and medical care. stuart: yeah, that's really something. pure line, can sanitize an entire restaurant overnight. we have video of them doing just that. ed rensi thank you very much

indeed, very good to see you. thanks. now whose winning in this lock down situation? answer? alcohol companies. i want to bring in a high-end liquor sales delivery operation. i want to bring in lindsay held, ceo of reservebar.com. so let me get this right, you are shipping high-end liquor, whiskey,gin, vodka, that kind of thing, you're shipping it across state lines. how much has your business gone up during this virus crisis? >> our business, thank you for having me stuart. our business over the last 45 days or so is up over 500% and some days we've experienced as much as 800% increase year-over-year in revenue. let me just correct one thing

you said. the idea of we're facilitating people to purchase all around the country, but we do not technically ship across state lines, i don't want to get into the weeds too much for the listeners, but we comply with all regulations and we allow people to purchase and gift and we're seeing massive adoption and awareness of beverage alcohol, so we wish it were. stuart: 600% increase in business, in 45 days okay that's real good,lindsay. now you tell me about the world health organization which says you should limit alcohol consumption during the virus lockdown. what's your comment? >> quite frankly, i was not aware of tha. i think americans

would certainly disagree. we're actually seeing new behavior quite frankly with people being socially quarantin ed, the ability to send someone a gift to quite frankly lift their spirits or to have virtual happy hours and cocktail parties and gather virtually in a way that unfortunately people cannot do in their traditional ways at bars and restaurants. stuart: a bottle of brandy be pretty good news on a virtual party from reservebar.com, lindsay held, ceo of that company thanks for joining us we appreciate it. back to the markets you still got a really solid rally going on here. we were up 600 now we're up 300, the dow just shy of 24,000. president trump has a number of groups that will help restart

the economy, one of those groups , an agriculture group, includes our next guest. the american farm bureau federation president, is on the show, coming up. ♪ ♪ ♪

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stuart: take a look at let's see , las vegas sands, the overall market is on the upside, let me see las vegas sands because we don't know when the vegas casinos are going to reopen and how they will reopen, and i've got to tell you that vegas, they just suspended their dividend, nonetheless, the stock s up 3.5% got that. next, in the midwest, in the midst of protest i should say over regulations, governors in the midwest are bounding together, they want to reopen their economies in a seamless kind of way, grady trimbul is with us how are they going to come together and reopen? reporter: well i think we'll see

each state open one by one, even though they are working together, but there have been a lot of protests over the past few days. it started in ohio, then michigan, and today, we're expecting protests in minnesota as well as kentucky and then in the coming days in missouri, and that of course follows this big rally in michigan earlier this week, thousands of people protesting the restrictive stay-at-home order there and calling for the reopening of the state economy. governor gretchen whitmer responded those protesters in her state of michigan as well as the four sheriffs who say they won't strictly enforce her stay-at-home orders. >> the four sheriffs are making a point out of 83 that's fine, i can take it if it makes people feel better to take their frustrations out on me that's fine. all i ask is let's not get over ly political here. let's focus on the public health reporter: ohio governor mike dew

ine says he will reopen his state's economy on may 1 and governor whitmer says she may do the same thing and these coalitions formed on the east coast and west coast and the midwest and each of the midwest has different days where their orders will end so they won't opal at once even though they are all working together sharing data and want to take a regional approach to this. stuart? stuart: grady thank you very much indeed. i want to bring in zippy duval, farm bureau president, zippy welcome back. it's good to see you again. you've been named to the economic group. can you tell me, we've had pictures on the show here of milk being tipped into rivers. i want to know what is the basic problem that farmers are facing. is it a difficulty picking the crops? is it getting the crops to market? what's the problem? the fundamental problem for

farmers? >> well, first off, the habits of our consumers have changed so much and they are buying so much from the grocery store since the foodservice part of our economy has closed down, so that demand on the shelf is extremely high, so we're having trouble making sure that we get there's plenty of food in stores and ready to go and the other thing is about packaging, is a lot of the people in those areas or a lot of fruits and vegetables were packed for foodservice agency, or restaurants, or cafeterias, and to change the way they package it to fill the needs of the fluid milk is very difficult or be packaged to where it could be sold within the grocery store. so those are the two hiccups we have but there's plenty of food out there in america, and those issues are being worked on

by this administration and we've come a long ways to fixing some of them. stuart: there's a big fight between the united states and china over the world health organization and the origin of the virus, and the supply chain and all that, that has that, the big fight, has that interfered with china's purchase of american agricultural products? >> well of course we think that china could be buying a lot more from us but we just saw this week where they purchased some more beef and so we're looking for that to start increasing. i don't know if that's changed or not but our farmers need an open market. we need to open the market back up in the country and we're looking to the president to open things up in a very smart way so that we can protect people and families and communities but we also need marketsbroad, and markets is what farmers need and to come back so that our commodities prices will come up. our commodities prices have

spiraled during this pandemic, you would think that with it being short on the shelf the prices be going up to farmer s, but there's not a price increase. everything that we sell is plummetted down 20-30% in a lot of cases and our farmers are in dire need of help. stuart: if you could put your finger on it, what is the one thing above all else that the administration could do for farmers? what is it? >> well i think that when the experts, the health experts recommend for the president to open the country back up when the country goes back to work and the foodservices crank back up, all our farmers will be able to sell their products, the food chain will go back to work normal, if our buying customers buying patterns go back the way they were and they probably won't entirely but we'll be able to adjust where that's going and then we need to make sure that we continue to press on trade, make sure that

china comes through on their commitment to buy the $40 billion worth of agricultural products they promised to do, so those are the two areas, but you know, when you see people plowing their crops under or dumping their milk i'd like to tell you we've reached out to america and we wrote a letter to the usda along with feeding america to suggest and this has been about a week ago suggested to the secretary that we find a way to get those crops, harvest and package and get them into the food banks, because so many people in america need it. our formers don't want to destroy the crops, they want to help their community and the people they are in dire need of food today, and when we talk to the secretary and his people we were delighted to know they were already thinking about that , we had a great conversation about what we need to do to get that donald i think you'll come up with a very program to make that happen.

stuart: yeah, that's smart thinking, zippy duval always a pleasure thanks for being with us thank you, sir appreciate it. >> thank you. stuart: we always like to hear news about the theatre business. i see this stock is up 36%. that's amc. ash, why is amc up 36%? ashley: because movie theaters are among those businesses that be included in president trump's phase i, among one of the first businesses to reopen, as long as they adhere to strict physical distancing but the movie theaters on mass have been closed since mid-march. amc says it's going to try and raise 500 million in new debt but as of march 31, very close to $300 million in cash on hand and believes they can get for a partial reopening in july and believe it has enough money on hand to survive through them but of course during this period

they've had absolutely zero income. but it's moving higher on the hopes they will be able to partially reopen in the initial stages of getting this economy up and running. stuart: and get the 500 million too, ashley, thank you. now, we always turn to susan for news on apple and iphones, now i'm going to turn to her for news on samsungs smartphones >> i like the way you say it so they are cutting their smartphone production in half in the month of april. samsung is the marge its shipper in the world so people aren't buying phones in these tough economic times nor are they buying these high price thousand dollar handsets having problems shipping the galaxys 20 which is their flagship high end phone and as a result they are launching a cheaper phone today in the u.s. we're talking about the galaxys 10 light that sells for $650 and this is also the play book from apple as well this week shipping that

second generation se, which is a cheaper phone that starts at 399 that's pretty much what people are looking for is just cheaper phones and not the $1,000 price tag. stuart: okay got it. thank you, susan check that market. we're holding on to a solid rally. dow is up about 300. got that. next, microsoft teaming up with the nba to make games more personalized for fans. especially during the pandemic of course. curt knutson cyberguy joins us next on that one.

stuart: we have been remiss in showing you the progress of big technology companies this morning they're doing very very well google is up another $12 microsoft is at 177, and facebook is at 178. okay that's big tech. i want to talk about touchless technology. that might get a boost you know because when i want to touch things these days, because of the virus, curt knutson is with us, our cyberguy and give me an example of this touchless technology that's big. >> well stuart, good morning we're talking about anything in your home that you normally touch like a thermostat, you would no longer do that why not get a smart thermostat where you can control it o r what we have often warned you about privacy by having a home smart speaker

like alexa you can now have alexa turn off and on lights or become the remote control, or in this instance here is an old fashion thermometer that i'd have to orally use or this one which is touchless, that you'd just go about index finger from someone's forehead and boom, 97.1 i'm a little cold for some reason. so, touchless definitely going to be a trend we're going to see coming at this point. stuart: curt you're not cold you're cool, [laughter] how about that? talk to me about microsoft because i'm told that teaming up with the nba to get people more involved and take them through a game, tell me how that works. >> you know, they've had a longstanding partnership, microsoft and the nba, adam silver the commissioner there coming out with news here that the company is now going to, well the nba is going to use microsoft surface tablets to

allow you the game viewer choice of cameras or other interactive information or perhaps in foreign languages it be able to convert stats in your language, and you could just customize your experience in watching basketball game in the future. i think this is something, stuart, that they had thought up ahead of covid-19 and ahead of the idea that we wouldn't, you know, we would not necessarily be going into an arena right now, but it has some application s i think that to be considered, if we're going to be watching games at home, and then having another device that allows us a more intimate experience. stuart: i'm sorry we have to gok urt. got to cut him off, hard break, more varney after this. it's a new day for veterans all across america. home values are up, and mortgage rates are at record lows. that's good news for veterans with va loans. that's me. by using your va streamline refi benefit,

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stuart: i see you, lauren. lauren: -- when and how to reopen their economies. let's check the markets. all right. let's show you the markets now. we have the dow up 363 points. it should be positive on the week. there's a lot of hope out there that these promising drugs,

specifically remdesivir from gilead, can help reopen the economy as we can treat more people. so we have the dow up 371 points, likely positive for the week. s&p up 42. nasdaq up 58 points this morning. doesn't feel like a friday for many of us because we have been working at home, staying at home all week, but certainly it is a friday. ashley, how is your friday going so far? ashley: all right, lauren. let's check in while we try and get hold of stu, who as we know in these days of far-flung communications, sometimes it doesn't always work. but that's okay. we got you covered. we are here, as lauren just said, the dow up nearly 400 points. can we take a look at the price of oil? i was just checking that before the top of the hour and it's remarkable, it's at $18.40 or thereabouts, down another $1.50 or thereabouts, down 7.25% on oil. that is remarkably low.

if you look at the major markets, we are up, we were up 500, 600 points at the outset on the dow. we lost a little bit of steam but still hanging in there, up about 1.5% on the dow, the s&p also up 1.5% and the nasdaq also up .75%. a lot of this, as lauren said, is based on confidence that we can get this economy rolling again, albeit in a staggered fashion. look at some of the big tech names, if we can. apple, down 1.5%. amazon off $44. maybe a bit of profit taking, maybe going into the weekend. but google, i.e. alphabet, up 1.25% at $1273. microsoft also up, as you can see, .5%. facebook, too, up 1.75% at $179. but again, a lot of this has been based on optimism that we will finally get out of this lockdown. stuart, are you there again?

we tap danced all we can. take it away. stuart: ashley, susan, lauren, that was brilliant. here's my take. state governors are now in charge of when and how to reopen their economies so it is state governors who now face political judgment. that would be accountability to the voters. by the way, the protests have already begun. thousands turned out in michigan's state capital to demonstrate against governor whitmer's draconian restrictions. she's told stores that they can sell -- what they can sell. she told them you can sell this but not that and you can advertise this but not that. in michigan, it's okay to paddle a canoe but riding a jet ski is verboten. and don't you dare cross the street to talk to your neighbors. can't do that. you are telling americans they can't cross the street even if they keep social distance? the media says these protests are just at the urging of talk radio. deary me.

perhaps the elites who write this stuff from new york and d.c. should get out more. they have no clue how people feel in flyover country. the mayor of new york city, bill deblasio, thinks the stay-at-home order, the shutdown, should extend into july or august. imagine that. it's summer, it's boiling hot, and you are stuck in your apartment with young children and you can't go out to the park or the beach? look, democrats can't lose in new york, we know that. but they are going to have a very hard time enforcing these restrictions for another three months. meanwhile, the economic pain increases. restaurants, bars, malls, hardware stores, furniture stores, mom and pop retailers, their owners face ruin. of course the pressure to open up will increase. and the greater the cabin fever, the boredom, the sheer frustration of being restrained, as that builds, so too will the pressure to open up and the more individual liberty is restricted, the more people will

exercise their right to object. late news on that. four sheriffs in michigan are refusing to obey governor whitm whitmer's draconian regulations. yes, the protests have begun. the third hour of "varney & company" is about to begin. our country is suffering. therefore, my administration is issuing new federal guidelines that will allow governors to take a phased and deliberate approach to reopening their individual states. we are not opening all at once, but one careful step at a time. now that we have passed the peak in new cases, we're starting our life again. we're starting rejuvenation of our economy again in a safe and

structured and very responsible fashion. stuart: all right. that was president trump outlining guidelines that will help governors reopen their states. brian belski, market watcher, joins us now. look, i read your stuff. i have been on for awhile but i read your stuff. you are looking for a big rally as people go back the work. i think you are looking at, what, 3400 on the s&p in the next 12 months. that would be a significant rally indeed. is that because people might be going back to work? >> it is, and welcome to flyover country here in minneapolis, minnesota, where i think we have a little more common sense what's going on on both the coasts. we made this call at the market low on 3-23 when we published our report when we suspended our year-end market target really because we don't know exactly

what's going to happen in terms of first and second quarter earnings, nor does anybody know. i think some of these scare tactics, bombastic negative type of gdp and earnings announcements for first and second quarter you are seeing from a lot of strategists and economists to us have no real common sense or bearing. 0% of 0 is still zero in terms of sales. you need to get the country open again. i think people have forgotten that prior to this, united states stock market was one of the best performing stock markets of 2019. canada was amongst the top five markets. we think north america is the place to be and i think we have forgotten how great the economy and how great stocks were doing prior to this. so you know, we think a 40% to 50% rally from those lows is apropo. we think the market is at new highs sometime in the first quarter of 2021 and we think the snapback will be unprecedented just like the pullback was

unprecedented where the market was more about behavioral science than it was fundamentals. stuart: so let me be real clear here. you think the market is a v snapback? the low was in, what, late march, march 23rd, that was the low, and the snapback since then is the other side of the v which is really extraordinary. we've gone from 18,000 on the dow to nearly 24,000 now. i can't remember a snapback like that, brian. >> no, it's an excellent point. history does not support that. there is an old saying in the stock market, pullbacks go down like elevators but recoveries go up like escalators. this has been unprecedented and we do think because much of this has been overblown and emotional and rhetoric-driven, fundamentals will reign supreme. we think assets will come back to the united states, especially given what we think is going to be an acceptably volatile situation in china from a fundamental and political perspective for a long time,

emerging markets are going to be in trial and we know europe's in trouble. we think money's coming back to america and canada and yeah, the v on the recovery, i think too many people are talking about v, w, m, u, whatever. here's what's going to happen. we are going to recover, never, ever, ever bet against the wherewithal of the united states citizen or consumer. we are really good at buying stuff. we haven't stopped buying things. we are just buying things on amazon and costco and walgreens and walmart. i think that buying is going to be more diversified and this whole notion of the new normal and trying to define the new normal in terms of the consumer, consumer came back in the '90s, consumer came back after the tech wreck, consumer came back after 9/11, consumer came back after 2008-2009. it will come back. it's going to look different but it's still going to be very strong. stuart: belski is bullish. three words. we love them. thanks very much, brian. brian belski is bullish. that's even better. thank you very much indeed. see you again real soon. thank you, sir. dow is up 400 points, in part

because we've got this plan to slowly go back to work and open up the economy, and also in part because we've got promising news on the treatment of the virus from gilead. lauren, details on that, please. lauren: yeah. the drug is called remdesivir and it's in many clinical trials and one trial from chicago hospital shows that of 125 patients, most of them severely ill, they recovered and were discharged in a week's time. so it's a fast-acting treatment. this will help treat people with coronavirus and eventually open back up the economy. it's not a slam-dunk. a lot of analysts that i have been reading notes from this morning are saying the market is somewhat overreacting to this, but it is good news going forward that we are working on treatments. stuart? stuart: all right, lauren. thanks for tap dancing like that while my audio went down. i do appreciate it. let's turn to susan, who also helped out with the tap dance. you've got more positive news

coming to us from the medical area. what's the news on moderna? the stock is way up. susan: we know the pipeline vaccine development is a very costly endeavor and they are getting half a billion dollars from the health and human services in order to progress further with the most advanced vaccine candidates so far we have seen. they went into human trials last month and are expected to get into second phase trials maybe in the second quarter and possibly a late phase trial at the end of this year. the earliest we will get a vaccine according to moderna might be the early part of 2021 but this is encouraging given that advanced vaccines have been hard to find. only one other one which is in china is being developed right now but if this is effective in 2021, that's when the economy gets back to normal. stuart: all right. thank you, susan. let's go to ash. what's this about the irs depositing checks in the wrong bank accounts? what have you got? ashley: yeah. go figure. how could that happen? they always get the right account when they are after your taxes but when they are giving it back, apparently not.

number of complaints about people saying they have -- they are tracking online where their payment is and they say the numbers are wrong for their bank account. they look at the last four numbers and say well, where is my money? lot of people taking to social media saying what do i do now, it's showing that my payment was sent but it is not in my bank account. well, the irs says if that's the case, the bank will just send it back to them and they will cut you a paper check. overall, we knew there was going to be some problems, there always is, but in this case, some people complaining they just can't get their check. stuart: okay. let's have a look at apple. i believe it's down a little. i wonder if there's a reason for that. susan, what do you have? down five bucks. susan: sharp downgrade from goldman sachs, only the third downgrade seen on this stock. goldman sachs says iphone unit sales will drop 36% for the first half of this year, sales will drop about 24% and the pickup is not going to come from services.

in fact, they said the services growth will slow substantially heading into the year 2021. also, the average selling price per handset will be lower given that we had the cheaper iphone that was released this week and people aren't going to be able to afford that $1,000 price tag even when they launch the 5g iphones that are expected later this year. goldman sachs says that may be delayed because people can't afford it and are not traveling as much so there might be shall we say a slower burn when it comes to the introduction of 5g. stuart: how about that. a downgrade for apple. you don't see that very often. let's move on to boeing. they've got a really strong gain at the moment. i think they are up, yeah, 12% gain there. ashley, do you have the story on boeing? ashley: we do, stu. it's a sign of hope, if you like. they will begin commercial production again, airline production, at its puget sound facilities in washington state next week. they say about 27,000 people will return to the production line of the 700 series, the 747,

767, 777. they say also they are working towards getting production going again on the 737 max. they say when those workers come back next week, they will have all the protective gear they need and they will take other procedures in hand to protect their safety. those that can telecommute will continue to do so. but that again is another sign of progress being made. stuart: all right. full disclosure, i bought some boeing a few weeks ago. i have lost my shirt. moving on. the democrats may have a big me too problem involving joe biden. later in the show, author peter schweitzer joins us to discuss that. there are growing calls in congress to make sure china pays for what they have done to the world. steve hilton is on the show next. look, this isn't my first rodeo...

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we still know that they covered up this virus for weeks in december and january. in my opinion, xi jinping has decided if china is going to suffer then the rest of the world, especially the united states, is going to suffer and there has to be consequences for those actions. stuart: there you have it. arkansas senator tom cotton. he wants consequences for china's action. he wants to punish china. steve hilton is with us. come in, steve. how do we make china pay for what we allege they have done? >> well, first of all, we need to get agreement that they should. i think the fact we are talking about this, we should continue to talk about it, is incredibly important. we have to get consensus around that. because we hear all the time about reparations. this is a case, if any there was, for reparations, because of the scale of the cost involved.

we've got to keep making that point. and it's because not just that the virus now, it seems, we haven't had it fully confirmed, originated in a lab, it was an accident but it originated there, government lab, it was the coverup and that was because they were embarrassed so we have to agree the principle they should pay. how do you do it? people have suggested you just ignore the debt that we owe to china and just sort of forget about that. i don't know, to me that doesn't feel direct enough and it doesn't feel lia sufficiently clear consequence. one suggestion i would have is we actually use the leverage we have through our trading system and impose 100% tariff as quickly as possible on everything coming out of china. further than that, i think we should put tremendous pressure on companies across the world, not just american companies, to disengage from china. i think you are going to see a lot of that happening anyway as we realize what a mistake we've made to put so much of our

manufacturing base in china. you are going to see that coming back anyway. we need to accelerate that process because this regime in beijing is a threat to the world. we've got to put huge pressure on it so that they change their ways or change the regime. stuart: let's bring this back home for a moment. governor cuomo of new york has made a lot of headlines leading the charge for many states in going after the virus and containing it. he says he wants to create a team to create a trump-proof economic plan for new york state. trump-proof. you're smiling. what do you make of this? >> because it's so pathetic. it's just totally playing politics with something that's incredibly serious. two incredibly serious things. one, how to successfully fight the virus and two, increasingly important, how to recover the huge economic and social cost of

the shutdown. when i further saw that this trump-proof economic plan as he calls it involves appointing mckenzie to decide, my eyes just rolled. i thought well, if you want to keep new york shut down until 2024, put mckenzie in charge of it. he will come at you with a 478 page power point presentation, endless bits to reckon with, it's a disaster and new yorkers will soon see the difference between having someone like andrew cuomo in charge of the reopening and other states, where you have a more pro-business, pro-enterprise, positive energy from the governor. that contrast will become more and more apparent in the weeks and months ahead. stuart: steve, that is new york state. i just want to deal briefly with new york city and its mayor, bill deblasio. ash, come into this, please. tell us all exactly what mayor deblasio is saying about new

york city. ashley: he is saying hang on a minute, let's not jump the gun here. he actually told bill hemmer on fox news that new york city should look at reopening maybe in late july or august. take a listen to what he said. >> i want school opening in september as normal. i want everything up and running. i don't want a false start. but the light at the end of the tunnel is later on this summer as we go into the fall, we can get it right. but a lot of discipline, july, august, are the months where we have to get -- begin to get back to normal. ashley: normal by august, well into summer. that's way behind what other people are saying, stu. stuart: yes, it is indeed. steve, come back in again. i can't believe this. you're going to shut down new yorkers in small apartments taking care of the kids, can't go outside, can't go to the park, can't go to the beach, in the middle of summer? what do you think about that? >> i think the real problem with what you've just heard from

mayor deblasio and actually, what you are hearing all around, is that it's all based on the wrong data. we have new data just out from people i have been featuring on my show from stanford university, close to where i live, which show that the prevalence of coronavirus in america is far greater than we have known so far. it's about 50 to 85 times more prevalent. so it's already out there. the idea that you are just going to wait to see that it fwogoes y before you reopen is completely ridiculous. once the data that's just been published is better known, i think all these plans for reopening need to be completely reassessed. stuart: well said. that would be a blockbuster indeed. if it's out there, we've got to know this. we will be watching you sunday night on fox news. thanks very much. good stuff. we like to bring you companies that are in the news and reacting to the news. berkshire hathaway, susan, what do you have? berkshire hathaway, what have

you got? susan: well, warren buffett speaks or his long-time business partner, charlie munger, speaks, people listen. charlie munger just did an interview with the "wall street journal" saying this is an obvious recession that we are going through right now. is it a long-lasting depression, no. will we have to shutter small businesses, they say yes, there are a few small businesses that won't reopen after this is over. berkshire hathaway has stakes in huge companies, coca-cola, dairy queen, geico, even apple. they are the second largest shareholder in apple. the smaller ones might be shuttered. we were going through the cash pile. did you know warren buffett and berkshire hathaway have $128 billion in cash sitting on the balance sheet? couldn't they just spend some of this, maybe save some of those jobs, those businesses? stuart: you know, you are the cash lady of the day. you told us earlier that apple have got $230 billion cash. now it's berkshire hathaway, $120 billion cash. lot of cash out there, isn't there? susan: yes. for some. for some.

stuart: for some. well said. just for some. now, check zoom. they are hiring dozens of outside security consultants including former big tech people. facebook's former cio joins me next. he's part of this making zoom more secure. apple downgraded by goldman. dan ives is here. he's the man to go to when you talk about apple. let's get his reaction to that downgrade. he's next.

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stuart: i'm just seeing these presidential tweets come across. they are very short, sharp and to the point. the first one says liberate minnesota. i believe there's another one which says liberate michigan. got it. there's a number three. hold on. here it comes. here it comes. liberate virginia. save your great second amendment. it is under siege. three presidential tweets, unusually sharp but definitely to the point. couple of stocks you've got to check. first, facebook. i'm not sure there's any fresh news on them, but they are up today almost at $180. that's facebook. peloton, which in the selloff went way below $20 a share.

well, peloton's bounced back up to $34. it's down 6% today but that's quite a bounce for peloton. even though it is down today. want to bring in dan ives, wedbush securities. dan, nbc universal launched a new streaming service, peacock, to comcast customers. can you compare it, have you seen it? how does it compare to netflix or disney? how is it doing? >> it's a great question. i think streaming right now, we are seeing 20%, 25% more viewership and potential subgrowth. i think it's a good time for them to enter the race. 15,000 hours of content, so i think for them right now it's going to be about trying to get subscribers. we think ultimately 20 to 25 million the first six, nine months but ultimately it's an advertising model. when you look at netflix, they continue to be king of the hill but look at disney. i think its biggest competitive threat to netflix is disney.

i think right now, they are on a trajectory for 65, 70 million subs by the end of the year. remember, you got hbo coming out next month. stuart: i see netflix down over 20 bucks. what's the story there? is that just some profit taking after its terrific run? >> yeah. profit taking going into earnings next week. that stock has been enfuego and continues to be one that's benefiting with all consumers locked down and overall in streaming. i think that's some more profit taking ahead of next week. stuart: tell me about apple. they've got this downgrade from goldman sachs. one of the very few downgrades i have ever seen. what do you make of apple, these prices, with that downgrade? >> look, stuart, the haters are going to hate here. if you look at the next quarter or two, it will be easy to poke holes in the story given this unprecedented covid-19 environment. but i think for apple, you got

the look on the other side of the dark valley. what is the install base looking like? 350 million to 925 million iphones in the window of an upgrade opportunity. i continue to think this is a requiri risk/reward with a green light. you see it holding up well because this is a name, you can't look at the next quarter or two for any of these tech stocks. you look out a year from now, i think some of them, this is a stock that's going to have legs despite the negative calls we're seeing. stuart: can you explain tesla to me? the stock is way up, gaining 50% in a matter of days, yet we've got gas dirt-cheap. they make electric cars. demand for the new vehicles, really slumping. they've got problems paying the rent. the stock is at $757. can you explain tesla to the ordinary investor? >> sure. if you look at delivery numbers a few weeks ago, the march

quarter came in much better than feared. that started this i will call it half short covering and half sort of a renewed bull rally. a lot of what we are seeing here is because of china, because as much as we are in a consumer lockdown here and obviously depressed conditions economically, in terms of china, they are going to see 100,000 units in the first year. i think that's adding $200 to $300 to the stock and ultimately, very similar as apple. investors are trying to play on the other side of the dark valley, that's what they are playing here. i think right now the optimism is going to continue to be there, just given what you are seeing musk and tesla do especially out of china despite three months of unprecedented negative conditions in the u.s. and europe. stuart: dan, i don't know how you do it. you address three different subjects remarkably quickly, succinctly and straight to the point. just what we need. dan ives, thank you very much

indeed. we will see you again soon. now i want to bring in a spshl gue special guest, timothy campos, former facebook chief investment officer. big hitter. he's now the ceo of woven. welcome to the program. i believe you as ceo of woven are helping zoom with their security, clearing up their security. can you tell us how you're doing this and what's going on here? >> sure. thanks for having me. first off, we have just seen an absolute explosion as people are now working from home in video conferences utilization and zoom is at the top of that. we have seen over 125% increase in how much people are using video conferencing for meetings during this period. and while this has been key for helping make people productive, it also creates some problems. one of the biggest issues that we have seen for people with

zoom is the way that meetings are set up has created some security issues. zoom is successful because they make it easy to get into a video conferencing meeting but it's not easy to set these meetings up. so what people end up doing is they use the same information for every single event. this is kind of like giving the key to your front door every time you make a phone call to someone. that's a problem. what woven does is we make it easy for people to set up their meetings. so that they can have a separate zoom meeting room for every single one of their discussions and not only is it easy to create, but everybody that you are coordinating with knows what it is. this avoids the zoom conflict that often occurs where your next meeting runs into your last meeting. stuart: fascinating. i'm afraid i'm out of time but you are the guy who is going to

fix at least most of the fix for zoom's security problem. thanks very much for being on the show. come back again when i've got more time, okay? when things return to normal we will have a lot more time. i promise you that. timothy campos, thank you. appreciate it. i have to ask kind of a rhetorical question. did you see this? house speaker pelosi sitting in her kitchen stocked with expensive ice cream? that as millions of americans are unemployed. we've got the sound. you will want to hear it. we've got it for you. msnbc host stephanie ruehl suggest joe biden form a shadow government to counter president trump's coronavirus responses? what's that all about? we will deal with it next. attention veterans with va loans.

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what did you just call it, the president's daily clown show? that's his press briefing? should joe biden be counter-programming that? should he be creating his own

shadow government, shadow cabinet, shadow s.w.a.t. team and getting up there at a podium every night saying here's the crisis we're in, here's what we need to do to address this? stuart: well, well. that was msnbc host stephanie ruehl. how about that. a shadow government. peter schweitzer is with us, author of many books including "profiles in corruption." welcome to the show. i don't know what a shadow government would be. maybe you could tell us how you feel about that. >> yeah, stuart, honestly, to me it speaks of a lack of confidence that she apparently has in joe biden being the leader of the opposition. the notion that joe biden himself can't attract the interest or doesn't carry the gravitas to sort of respond in kind to the trump administration seems to be underlying essentially what she's saying. look, the bottom line is people that have followed joe biden's

career can tell you he has a long history of not necessarily rising to the occasion. you know, secretary gates, who was the defense secretary during the obama administration, savaged joe biden in his memoir. gates is not particularly bombastic but said joe biden had the wrong instinct on every foreign policy question over a 30-year period. so i think this is going to be borne out going ahead that joe biden doesn't really have the gravitas in a lot of respects when it comes to carrying a presidential campaign. stuart: he's got a new challenge on his hands. a former senate staffer claims that biden sexually assaulted her. those were the words used, sexual assault. seems to me that there's something of a double standard here, because back in the kavanaugh hearings, democrats were saying that the woman must always be believed but now it's a democrat accused of sexual

assault and it's just passed by. i've not heard anything about it. what's going on here? >> yeah, i think what most people want is what i want which is a consistent standard. i think if allegations are raised they need to be taken seriously but you can't simply assume that because somebody is making an accusation that it's true. the problem is that they have completely different standards depending on your ideological position. this goes back to the days of bill clinton and the sort of savage attack that james carville and others, you know, raised against individuals who were claiming harassment by bill clinton. so it's a huge fissure within the political left. i think a lot of feminists who are honest on this issue are going to raise this question and say why are these inconsistent standards and what it speaks to is maybe there's a political motivation behind a lot of these attacks rather than a justice motivation, which i think should be the motivation in all these things.

stuart: maybe i'm being a little harsh here, peter, but i see vice president biden as being almost irrelevant to the ongoing debate about the election and about the virus. the man has no impact. there's no traction. he just doesn't seem to be part of the whole deal. am i overstating this? >> no, i don't think so. and i think the big question is, is he sort of being held back because they're concerned about the performance that he's going to give, or is there something else going on here, because look, i mean, if you are joe biden, you are the democratic nominee, you could be holding press conferences, even online. you could be holding press conferences, making vigorous comments, taking questions. that's not what he's doing. he's been doing these video feeds and the performance has been pretty poor. so the fact that he's not out there is not because if he gave an event, the media wouldn't pay

attention. it's for some reason they are choosing not to put him front and center and i think that's probably a mistake. stuart: peter schweitzer, thank you very much for joining us, as always. we will be seeing you again shortly. that's a promise. thank you, peter. good stuff. now, i want to get back to something that -- we've got a lot of messages coming in about this. earlier we ran sound of speaker pelosi doing an interview with james cordon about -- from her kitchen showing off her expensive ice cream and i was questioning, look, is that appropriate from the speaker at this moment when she won't give more money to small business? let's roll that pelosi sound bite again, please. >> speaker pelosi, what have you found, what are you going to share with us from your home? >> chocolate. >> really? >> chocolate. chocolate, chocolate. candy. >> oh, wow. oh, my -- wow. >> other people in our family go for some other flavors but chocolate, then we have some

other chocolate here. >> how much of your regular diet do you think is ice cream and candy? >> well, as much as possible. i enjoy it. i like it better than anything else. stuart: that's very interesting piece of video right there. ashley, come into this, please. am i out of line because i just thought that that was, you know, just out of touch. ashley: completely socially tone-deaf. you know, as many americans, a disturbing number of americans are lining up at food banks to get help, here we have nancy pelosi who as you pointed out blocked an extra $250 billion for small businesses to survive, cavorting in her kitchen showing off her expensive ice cream to a late night tv show host. talk about nero fiddling while rome burns.

it grates on me. it's nauseating. stuart: that's interesting. ashley coming on just as strong as i am. all right, ashley webster, thanks very much indeed and thanks for the tap dance earlier. that was pretty good. one quick stock check. cvs working with ucla, ucla health and other hospitals, to help create more bed capacity. okay. that's them. check, there you are, cvs health, up a fraction. that's it. ups, they have delivered 1.2 million test kits in the united states since february. it's a big number. the stock is down a little. dow industrials, though, holding on to a 400 point gain. now, hud secretary dr. ben carson joined the show earlier. he said they're looking at potential options to address americans' missing mortgage payments during the pandemic. we are on that story some more after this.

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one of the ones that's most promising is called partial claim. what that means is you take the payments that were missed and you amalgamate them into a sub mortgage which is tacked on to the end of your primary forward mortgage. so you don't have to pay it

until then, interest-free, so that's obviously a very very good option, and there are a host of other forbearance options. stuart: okay. there you have hud secretary carson on the program earlier this morning. you miss a mortgage payment, tack it on to the end. susan, what do you think of that? susan: i think that's a great idea. i have been getting a lot of questions about rent and also mortgage payments and don't forget, they have suspended evictions and foreclosures for 60 days until the end of april and given that fannie and freddie back up 60% of the nation's mortgages, there might be more relief that the federal government can do. stuart: okay. by the way, i'm seeing some more traffic on sixth avenue. just a few cars now. now, governor cuomo, he's been giving his press report. ash, you've got the headlines from it, please? ashley: i do. there's some more reasons for optimism, slightly so, but total

statewide hospitalizations are ticking down. the number of admissions into the icu units also down, and the number of intubations where they put a tube into your mouth to help you breathe, that continues a downward trend. the only fly in the ointment a little bit, the number of deaths up in the last 24 hours at 630 but overall, says the governor of new york, the trend is still heading downward which is encouraging. stuart: it is indeed. i wonder if that's got something to do with the market which is now up 400 points on the dow. next case, lvmh, luxury operation, luxury brands, lauren, why am i checking this? i mean, tell me what's the reason why i'm checking that particular stock right now. lauren: can't make this stuff up, stuart. okay. so lvmh owns the liquor hennessy and the kenya governor, in care packages that are going to the

poor where he lives, he's put small bottles of hennessy and he says and i quote, alcohol is a throat sanitizer. as we know, even the w.h.o. has said that it's not the case, do not drink alcohol if you are trying to battle or prevent coronavirus. he has been chided by his country, the national government of kenya, as well as lvmh. that's why we are showing you the stock, up 5.5% today. stuart: i knew there had to be a good reason. thanks very much. all right. overall, we've still got a nice rally, 400 points up for the dow jones industrial average. we will be back after this. ... look, this isn't my first rodeo...

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>> [applause] >> i really really appreciate and thank you for what you are willing to volunteer to do. stuart: you know it's really good stuff. i love to see america coming together thanking the frontline workers and that was united airlines pilot doing just that and i think that's really good stuff, and now, i just want to bring in the company for a second, because i have, i just got a question here. okay i'm going to first to lauren then susan then ash. first of all i will not have pandemic jerry's ice cream in my freezer. lauren what kind of ice cream do you got?

lauren: i have two half bakes and a half baked with peanut butter and i can't remember the name of the other. stuart: real fast susan? >> i'm stocked full with ice cream. stuart: okay. ashley we got time for you. ashley: don't know what it is but i'll eat any ice cream. [laughter] neil: why not ben & jerry's. stuart: they're socialists. tell them. neil: delicious. all right, stuart thank you very very much stuart varney on that and now his ice cream, i feel like i know him very well so we've got that and we've got a market rally going on here and we were up better than what 600 points for a while now about 375 and a lot of this is boeing coming back here, big time, in in fact it accounts for about a third of this on the notion it's going to resum