maria: have a great day, everybody. thanks to dagen, lee, mitch, great to see you everybody. thank you. great panel, as usual. we will see you again tomorrow, same time, same place. "varney & company" begins right now. stu, over to you. take it away. stuart: thanks very much, maria. good morning to you. good morning, everyone. the reopening continues. more states relaxing the lockdown rules. some customers returning to the businesses which are now open. i've got an opinion for you. please open up as quickly as possible with maximum safety. it's what we need to do, a, to cut the dreadful social costs of lockdown rules, like domestic violence, alcoholism and child abuse, and b, to avoid the catastrophe of prolonged mass unemployment. open up fast, please. the news this monday morning is that more states are opening up as of today. more businesses are opening. apple is opening stores.

baseball is looking at an 80-game season starting in july. football arrives in september. disney allowed, what, one-third capacity at its shanghai park and it sold out. while lockdowns continue, they are being challenged most notably by elon musk. wasn't to op he wants to open his tesla plant in california. the authorities say no. he's going to court and says he will move out of state if the factory stays closed. as for the market, that will open lower. solid gains recently but a pullback so far this morning. the dow is looking at a loss of 270. the s&p down about 30. the nasdaq off about 72 points. let's get to politics. big week for that. it is trump versus obama. general flynn's lawyer says the plot to undermine the incoming trump administration was launched in the white house by outgoing president obama. president trump calls it obamagate. there's a lot more coming on

that one, believe me. it's monday morning, may 11th, already, and another big show for you. "varney & company" is about to begin. stuart: all right. i'm going to start with apple. i happen to think when they reopen their stores, that's a very big deal. susan li is with us to tell us which stores are opening and if i'm right or not about it being a big deal that they are opening stores in the first place. susan: big deal. big business is reopening in america. it doesn't get much bigger than apple. yes, we are reopening a handful of stores across america this week. the first one this morning in boise, idaho. later on this week, they expect to open stores in alaska, south carolina and alabama. more safety precautions to get into these stores. you have your temperature checked before you get in, you have to wear a mask. if you don't have a mask, apple will provide one for you. of course, social distancing, so there's less capacity within the

store but this is one of america's biggest companies ramping up again, reopening and something that apple's number two executive told me exclusively last week. listen. >> you know, our supply chains are running largely at capacity and people are continuing to work. i couldn't be prouder of the apple team and how resourceful they've been. you'll see us opening retail stores in the coming weeks and like i said, we are bullish in the long haul. susan: the u.s. has 271 apple stores across the country. they have been closed since mid-march. stores have been opening around the world, country by country, slowly to make sure everything's safe but if a trillion dollar company, one of the largest in america, largest in the world, is ramping up to full production and reopening their stores to shoppers, that's a good sign that big business is ready to restart. stuart: susan, as you know, i lost my phone for a couple of hours last week. the first thing i thought of was

can i go to an apple store to get a new one. no, i could not, because there's no stores open. it occurred to me i think there will be quite a rush to go back to those stores to get back to some of the things which we have needed the last couple months. susan: normal life is restarting and apple does sell more products online these days but a lot of people need to get their devices fixed and that's what they go to the store for as well as buying new phones and devices. i'm sure we will probably see lineups once again. stuart: all right, susan. we are watching disney, of course. they reopened shanghai disneyland. lauren, tell me, what did it look like with social distancing? lauren: well, there were markers on the floor with where you should stand. everybody was wearing face masks. the character meet-and-greets didn't exist. there were characters but you had to watch them from afar. there were temperature checks upon entry and you had to show your phone with the qr code that you can get in.

but disney is calling this reopening a beacon of light that this can be done and they are doing it. now, in the intro, you said 30% capacity. you are correct, that's what beijing wanted. but disney said we are being more cautious. they only let 20% of capacity in, or 16,000 people. stuart: at least they reopened at that capacity and they were full to that capacity. i guess that's the good news. lauren: they sold out in minutes. you are correct. there was a lot of excitement just to get life going again. this will be the blueprint for how other disney theme parks eventually reopen. stuart: yeah. all the safety precautions didn't damp down on the fun. people still went to enjoy themselves in large numbers. that's important. all right. ashley, come in, please. moody's looking at areas which could be winners when they reopen. not rural areas, either, is it? ashley: no. it's to do with population

density, stu. it's interesting, these are the cities that could forge ahead with a quicker recovery once we try to get back to some semblance of normal. let's take a look at these cities. austin, texas and durham, north carolina, both seen as strong contenders to come back quicker than the rest of the country, certainly some of the major urban areas. madison, of course, the university hub as is durham. then of course you have the des moines, iowa, omaha, nebraska, they certainly have a spread-out population. but it's interesting to see seattle up there, really where the first cases of the coronavirus were reported and san jose, there in northern california. minneapolis as well, a fair sized city. these are the ones who have the levels of population density that moody's believes will enable them to see a quicker recovery than other parts of the country. stuart: that's important. all right. ash, thanks very much indeed. i notice that seattle was on that list. i want to bring in keith fitz

gerald. he's a seattle area resident. before we look at the market, please act as a reporter for us for a second. how many customers, did customers return in any numbers to those businesses in your area which have reopened? >> well, i tell you what, stuart, there's a very plain english word to describe what my wife and my family and i have seen. absolutely nuts. it's like you unleashed hundreds of thousands of people. these businesses by and large are still the ones that are allowed to be open, grocery stores, gas stations, service establishments, those kind of things. restaurant businesses picking up for takeout. we have seen people all over the parks and recreation, it was fishing opening weekend this weekend. the lakes were packed. yes, business is returning, people are absolutely exercising their right for the most part being safe. it's a good thing to see both physically and mentally. stuart: keith, i think it's important indicator. you can open up a business but if nobody comes, you don't

reliven up the economy. if you open up the business and people do come back, it's a very positive sign for getting our economy going again. more on that throughout the show, that's a promise. keith, look, dismal jobs numbers on friday. you saw it. everybody saw it. 20 and a half million jobs lost, unemployment 14.7%. treasury secretary mnuchin says the numbers could get worse. roll tape, please. >> the reported numbers are probably going to get worse before they get better. my numbers aren't rosy. what i've said is you are going to have a very very bad second quarter and then i think you will see a bounce-back from a low standpoint. stuart: all right. that's the treasury secretary. keith, how far can this market really go if we see numbers like that? >> two things about secretary mnuchin's comments. i think he's managing the optics. this is clearly a case of let's manage the statistics ahead of time because the numbers are

going to be bad. however, if we look to history, what we show is that every chaotic moment, every massive downturn, every headline that pushes against us is, in fact, a huge opportunity. the chips are down in america. but i would not bet against this country and i would not bet against those numbers because people want to go back to work. they deserve to go back to work. stuart: keith fitz, thanks for joining us. appreciate it. good stuff. now, we will talk shortly about three democrat senators, including bernie sanders, who are pushing a new stimulus package that includes $2,000 a month for every adult until the virus is passed. or behind us, whenever that may be. edward lawrence, tell me more about this. reporter: yeah, stu. do a little math. 150 million americans are getting direct payments under the cares act currently. that means you are talking $300 billion a month. there is also extra payments in there for children, $4,000 for married couples. a little extra sweetener that

will really push up the cost of all this. there is division even among the democrat party in the state where this is sort of generating from. kamala harris, california senator, along with senator bernie sanders and ed markey, are going to introduce this in a bill this week. however, you have ro khanna from california saying go ahead and do that, $2,000 a month, everybody making under $120,000 a year. but representative john garamendi, a democrat from california, saying this is a bad idea. his argument is that you can't reward 85% of the people who already have a job. he says the 14.7% unemployment is horrible and those should be dealt with in uninsurance or unemployment insurance, stu. so there is some division here within the democrats but again, a huge cost to this plan. back to you. stuart: 50,000 bucks a year for everybody to stay home. i don't think so. thank you, edward. by the way, in the 11:00 hour, you will hear my opinion again on this free money. the democrats want to give away 2,000 bucks a month. i will tell you now, that is not

a good idea. you should not be paying $50,000 a year to stay home and not work. that's my opinion. stay tuned for 11:00. we will have it for you then. check futures. still down at the opening bell this morning. off about 1% on the dow. that's 250 points. jetblue's ceo is on our show in the 11:00 hour. look, passenger levels across the airline business, down 90%. i will ask jetblue's ceo how many years until we get back to where we were. elon musk says he's had enough of california. the tesla ceo planning to move the company's hq after threatening to sue the state. now, that's what i call a revolt. more on it, too. michael flynn's attorney says she believes former president obama was in on the plot to frame general flynn. does this really go all the way to the top? fox news legal analyst greg jarrett is here. big day for politics and money. you know we are just getting started. technologies advisor.

me too. me too. and if you're a small business, we're with you. standing by you every step of the way. bye bye.

stuart: i have a few virus headlines involving our political leaders. i will start with vice president pence. he is not planning to self-quarantine. it had been reported that he would after his spokesperson did test positive. he's expected to be at a press briefing with the president in the rose garden this afternoon. that should be quite an event. senator lamar alexander will self-quarantine. one of his staff members tested positive. by the way, he leads the senate health committee. which just announced that dr. anthony fauci will testify remotely on the virus response. that happens tomorrow. that hearing will also feature cdc director robert redfield and fda commissioner dr. stephen hahn, both of whom are self-quarantining following potential exposure to the virus. and now this.

>> the whole thing was orchestrated and set up within the fbi, clapper, brennan and in the oval office meetings with president obama. maria: so you think this goes all the way up to the top, to president obama? >> absolutely. stuart: all right. you heard it there. michael flynn's attorney, who says president obama was in on the plot to quote, frame general flynn. a judge could sign off on the dismissal of the case as soon as today. fox news analyst greg jarrett is with us. do you believe the case goes all the way up to president obama? make the case. >> oh, absolutely. in fact, i wrote that in my book "witch hunt." there was a pivotal meeting, stu, on january 5th, 2017, weeks before the inauguration of president trump, in the oval office. trump or excuse me, obama, biden, james clapper, james comey, sally yates, john

brennan, susan rice. it was in that meeting that the president, to the shock of the acting attorney general, brings up the flynn/kislyak conversation that had been secretly recorded and was later leaked, which is a crime. it was only after that meeting that the fbi began to accelerate its investigation not just of donald trump but of michael flynn by inventing a pretext to entrap him into a crime he didn't commit. so it goes right to the oval office under president obama, and the other documents we saw show that obama's aides are conspiring with comey's fbi to create the pretext for entrapping flynn. stuart: now, there is now new leaked audio of obama weighing in on the flynn case. hold on for a second. audience, listen to this. >> the fact that there is no

precedent that anybody can find for someone who's been charged with perjury just getting off scot-free. that's the kind of stuff where you begin to get worried that basic not just institutional norms but our basic understanding of rule of law is at risk. stuart: look, our basic understanding of the rule of law is at risk. take that on, greg. >> incredibly inarticulate, as usual obama has his facts wrong. that wasn't perjury. that wasn't the charge. he says there's no precedent for it. gee, he seems to have a very short memory. his own attorney general eric holder did the exact same thing,

dismissed some case, the ted stevens case, before the very same judge, emmitt sullivan. this is obama. he's trying to cover up his own complicity in this scheme to entrap flynn and invent the entire trump/russia collusion hoax. it doesn't surprise me that this conversati conversation was suddenly magically leaked. that was deliberate because the president is trying to distract and shift the blame to bill barr and john durham and others in the trump department of justice, and it's really a shame because obama is to blame for the russia hoax. stuart: i have 20 seconds left. are we going to see any documents in the immediate future which confirm the idea that it goes all the way to the top? >> oh, i think so. i think there are going to be more documents released this week that are going to be, you

know, i think rather stunning. whether or not they include obama and obama's white house, i just don't know. but there's plenty of evidence already that obama and his white house staff, his fbi under james comey, the intelligence community, were out to get trump and they're trying to cover it up. stuart: greg jarrett, thanks for joining us. i'm sure we will be seeing you again real soon. thanks very much indeed. now, the china angle on the virus. susan, come in, please. are we about to accuse china of stealing our vaccine research? susan: well, the fbi and department of homeland security could be on the verge of issuing a warning saying that china might be hacking into working to steal american intellectual property when it comes to health information and the development of coronavirus vaccine. this is according to reporting in the "new york times" and also the "wall street journal." apparently the warning has not been finalized. it still may change and may not be released but we have heard from the trump administration

and the white house and also the state department accusing china, first of all, of not notifying the world earlier on in terms of the spread and development of coronavirus, and also repeatedly saying that china has stolen billions in terms of intellectual property each and every year including sensitive information when it comes to biomedical research. we know that there's been a serious deterioration, stu, of the relationship between the two largest economies in the world and that's pretty much the overhang we have seen on the stock market the last few weeks. stuart: it's true. thank you, susan. i have news on google. new york's governor andrew cuomo has tapped their former chief executive eric schmidt to lead a new task force to quote, reimagine new york's infrastructure after the virus passes through. the stock, no relation to the stock price which happens to be down $7 this morning at $1376. overall, looking at a down side market this monday morning. we have been up recently but we will be down at the opening bell. 240 down for the dow, 67 down

for the nasdaq. we will open the market for you after this. ♪ ♪ ♪

stuart: let's get more on exelo

musk threatening to pull his company out of california if the economy doesn't reopen. susan, you know about this. susan: it's 10,000 jobs along with it. finally an injunction on saturday evening calling it a power grab by alameda county's health officer. the tweet pretty much says it all. tesla is filing a lawsuit, this is the final straw. will now move its headquarters and future programs to texas, nevada immediately, if we even retain fremont's manufacturing activity at all it will depend how tesla is treatd ed in the future. tesla is the last car maker in california. absolutely agree, as i mentioned to you, it looks like fremont employs around 10,000. they had been planning for a reopening on friday after shutting at the end of march, according to california shelter in place rules. look, other states are offering a lot of incentives to get a tesla plant and all those thousands of jobs along with it. utah, texas, georgia, nevada, not to mention missouri, joplin, missouri earlier on, that wants

to buy and build the cyber-trucks. let's get some of the reaction from the california assembly people and some expletives being used. here you go. lorena gonzalez. you read it all here. she's saying elon musk and tesla should not be getting special treatment and california has highly subsidized this company that's always disregarded worker safety and wellbeing, has engaged in union busting and bullies public servants. interesting twitter battle. we will see who wins this. elon musk of course brings a lot of jobs and money to california. stuart: i just wonder if there's a trial balloon. a big threat, i'll move if you don't let me open up. whether it's a real threat or not, i don't know. it will be a really big deal to move the manufacturing to another state. after all the trouble he went to to open up california. susan: it's the only car producing factory in america. he's in a lot of trouble right now if he wants to get to that 500,000 delivery mark by the end of this year, as he had

promised, right, so fremont builds the model 3, model y, model x, crossovers, you name it. so he's concentrated really in one single place which is being squeezed right now. but as he said, the shelter in place order is a form of fascism. remember he said that recently on the earnings call. he says people should be given rights. you can decide whether or not you want to go to work and if businesses want to reopen. stuart: it's the reopening dilemma in a nutshell, isn't it. he's got leverage here and he's really going to extremes when he calls californians fascist. that will not go down well, you know what i mean. susan, thanks very much. look, we will be opening this market in 40 odd seconds and we will be down. yes, it's monday morning. the down side pressure this monday, i can't put my finger on any specific reason why we are going to be down except we have had a pretty good run recently. remember, please, in late march i think it was right about march 23rd, the dow bottomed at

18,000. we struggled all the way back to the end of last week when we were well above 24,000. that is a terrific runup. by the way, the nasdaq 100 is now only 5% away from its all-time record high. you can tell the tech companies have done well. here we go. we are off and running. it's 9:30. i think we are going to open on the down side. yes, we are off 200 points for the dow in a very very early going. i see two dow winners. walmart and intel. i see 28 dow losers. at this moment, the dow is off 230, about 1%. look at the level. keep saying that. you're still above 24,100 at this point. let's move to the s&p 500. that is down a little less in percentage terms. .78%. the nasdaq composite, the techs are doing really well. that's down .66%. dow, down the most in percentage terms. it's now down 200 points.

look at amc. i've got to see that stock is way up this morning. it is, look at that, 42%. susan, you know why? tell me why. susan: there are reports that amazon has held takeover talks of amc theaters which is the world's largest movie cinema chain. it is currently owned by one of the richest men in china. it was bought for $2.6 billion back in 2012. however, we know that because of coronavirus and the spread of covid-19, movie theaters have been shut and amc is in a lot of trouble, especially as it also battles with nbc universal and the success of "trolls world tour" without having to hit cinemas first. there have been discussions that maybe amc might even go into bankruptcy with the cash burn and the loss of money, and china owners will not be bailing them out in a bankruptcy so why not hold takeover talks with amazon. the question is, what does amazon want with amc? we know amazon has been getting into streaming. we know they have been doing

their own content and producing their own content and they like netflix, like apple and the rest, understand that if you have content, you will get more eyeballs on the streaming side. but do they want to get into theaters. that's the big question. stuart: wonder why they would be even thinking about that if these reports are accurate. since you went on the air with the story, the stock's gone up from plus 42% to plus 48%. the market thinks maybe there's something there. how about carnival? check that stock, please. they have announced that cruises will resume august 1st. i've got a feeling that they are well booked. is that accurate, lauren? lauren: you are correct. so much so that hsbc has upgraded carnival to buy today. if you look at a division of american express called cruise planning, they say that cruise bookings from the day that carnival said they were going to set sail on august 1st, that day versus three days prior, there

was an increase in bookings of 600%. you are looking on an annual basis, up 200%. so there is demand that is obviously there for three reasons. they are saying healthy people saying you know what, i'm not going to worry about coronavirus. younger people and those who like the price of as low as $28 a night. one more thing. i reached out to carnival and they said look, we can't comment on this. all we can tell you that returning some ships august 1st is not guaranteed. so it's very much a fluid situation. the stock is down today. stuart: but for 28 bucks a night, you can't afford not to. there you go. how about united airlines. what's this, a passenger tweeted a picture of a packed flight? have you got the picture, ashley? ashley: i do indeed. in fact, it was a tweet put out by a doctor from san francisco who was returning home after volunteering at a new york city hospital. check that out. dr. ethan weiss says i guess

united is relaxing their social distancing policy these days. every seat full on this 737. he said -- went on to say everyone on the flight was shocked and also scared by the lack of distancing. he says even stranger is that he got an e-mail from united ten days before this flight saying the middle seats would indeed be open. he says whatever happened to the social distancing. the airline, united, has responded saying we can no longer guarantee that all customers will be booked next to an empty seat, but given the low number of people who are actually flying, there's a very good chance you will be next to an empty middle seat. apparently not on this flight out of newark headed to san francisco. there were other doctors on this flight. bottom line, he said i never can see myself flying again, at least not into the near term future. he said it was awful. stuart: got it. thanks, ash. by the way, the jetblue ceo robin hayes is going to be on

the show in our 11:00 hour this morning. i really want to know how are you going to get passengers back on planes. what's he doing at jetblue and when does he think we will get back to the levels we saw in january and february? passenger traffic, is it years away? i suspect it is. we will ask him. check that big board. we are now down 240. we have been on the air and open for business five minutes for the dow industrials. we are off about 1%. where's the ten-year treasury yield these days? it is at .67%. pretty much where it was last week. where's the price of gold? around $1700 an ounce. yes. $1709, to be precise. and oil, where is that? i think we are in the mid $20 per barrel range. something like that. yeah. i think we are. all right. i will get it for you shortly. that's a promise. under armour, they make athletic clothing. one of their executives now says their revenue in the second quarter will be down between 50% and 60%. the stock is off 10%. other side of the coin,

marriott. their ceo says that negative trends for their business have bottomed out worldwide. they have seen occupancy in america tick up over the past few weeks. people want to get out and about so they are booking hotels against. doesn't help the stock, though. still down 4% this morning. back to up apple. i feel there will be pent-up demand for people needing repairs on the phones. we discussed this before. are you with me or opposed to me? susan: i agree. i think if you look at the stock, the record high was 3.6. by the way, we are just 20 bucks away from that right now. this is part of america reopening after coronavirus. a handful of stores will reopen in america since we know they have been shut since mid-march because of covid. apple is opening boise, idaho, first store to reopen here in the u.s. today. later on it will be south carolina, then you have alabama, alaska and other stores as well. but there will be safety precautions so temperatures have to be taken before you walk in and you have to wear a mask. if you don't have a mask, apple

will provide one for you. i want to quickly bring up the statement they sent us in terms of this reopening. part of this reopening theme across america and apple says we are excited to begin reopening stores in the u.s. next week, starting with stores in idaho, south carolina, alabama, alaska. now, i would say the stock price says that 271 stores here in the u.s. probably soon to reopen hopefully before say the summertime. stuart: got that, susan. thank you. another reopening story for you. bed, bath & beyond. ash, what are they doing? ashley: yeah. very measured approach. they say we will be opening about 20 stores by may 22nd but a vast majority of them will stay closed through at least may 30th. but they are also expanding their curbside pickup to approximately 750 locations. also, you can buy online and pick up at the store. that is also being extended to more locations. but it's interesting, they have

the bye-bye baby and harmon face value stores have remained open through all of this but the main stores, bed, bath & beyond stores, don't expect to see those open to the general public in any numbers until at least may 30th, and then under some strict conditions. stuart: real fast, as we enter our seventh week of shutdown and lockdown, everybody's on the screen, let's go round the block, i'm doing okay but then again, i'm not looking after young children, and i've got a steady paycheck coming in. and i discovered netflix all over again. the death of starlet is now my all-time favorite of the show. what have you -- how are you doing, ashley? ashley: doing fine, actually. very thankful to still have a job and to keep working and to be able to do it from home and my cocker spaniel gracie sits next to me every day. she's loving it. stuart: susan? susan: doing great.

there are people that, you know, relatively speaking, are young enough that they don't remember the era so it's great to get caught up again. stuart: lauren, you are in a very difficult position of two youngsters at home. how you doing? lauren: loaded question. we reopened the pool. once the weather gets a little bit nicer, i think we are going to be a-okay. with more activities to do. we're good. honestly, i'm very grateful to have employment. stuart: glad we're all still on the air, put it like that. all in different places. thanks very much, everybody. i say it is the worst of ideas and the absolute worst time, that is, free money. we are trying to get back to work and the left wants to give $2,000 a month to every adult. that's the theme of my take at the top of the 11:00 hour. i don't like that free money deal. auto makers devastated by the virus but they are now making plans for a comeback. we are on that one. big tech yet again leading the way for the market. not today, but in general they are.

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stuart: we are 13 minutes in and 200 points down for the doi industrials. that's about .84%. got it. take a look at the big tech names. we have been following, of course, for years. they have been the winners during this pandemic. ray wang is with us. he's an eternal bull on the big tech names but we brought him on the show today to tell us how about some other tech names, not the big guys, but moving down the food chain just a little, what does he like. i have seen his list. it starts with shopify. okay, ray, you like shopify, but the stock's already had a wonderful run. why do you think it might go even higher? >> they are attacking the best market which is the smb market, that's in the middle of a change

going from retail to e-commerce. what they have seen is massive growth. they added 62% more new stores, they are at mid 40s in terms of growth and revenue, at mid40s in terms of gmv which is the measure of how much commerce goes through their system and they are on fire. they are easy to use and customers love them. stuart: here's another one that's done very well already. again, i want to know if you think it's going higher. that's sales force at 176. >> i think sales force is in a great position. customers see them as the innovative company. they have also been taking the lead in terms of business initiative around post-pandemic recovery. they have been out there in the marketplace and customers see them as the light toward innovation and modernization as people are moving to cloud, moving to data and moving to subscription rev enue models. stuart: how about zoom? they have done extremely well. they are in the $160 a share range but they've got competition.

you think zoom goes up from $163? >> zoom's phenomenal because they are the poster child of the post-pandemic and basically, they are the verb. you zoom things. you zoom in. you get zonked, so the whole point being they have actually achieved that level of awareness and now it's really about getting more enterprise accounts in place and getting consumers on their end as well. i think there's still a lot of growth in the space. stuart: teledoc. >> teledoc is great, right. we are talking about this health care boom, people are seeing a lot of physicians but they don't want to go into the office, they don't want to go to the hospital. telemedicine has been around for awhile but the technology has never gotten better. what teledoc has done is they have been signing up more doctors, picking up more contracts, and people have accepted telemedicine as one of the primary channels just like urgent care. stuart: moderna. i know that you've got a degree

in public health so you cover technology and the public health sector. moderna has already done very well. it's up another 7% today. what's so good about it and where's it going? >> the secret behind moderna is the fact that they have got a way to look at mrna viruses and trying to figure out how to build vaccines behind that. they have had some successful trials and what they are going after is the bigger coronavirus pandemic. it's not just going to be covid-19. there are other coronaviruses that have been in playing over the last ten years vme. they've got a lot of technology and know-how to figure out how to get to that vaccine. people are betting on them for that reason. stuart: let me digress for one second. i know you fly a lot and have been flying recently. are the planes full? what's the social distancing look like? how is your flight path or flight trips going? >> it's a great point. i took a flight from san francisco to houston. it was empty but it was also a redeye. when i got to houston, the texas

national guard was waiting for you, making sure californians transferred out and got on to the next flight and got out to the next destination i was at, which was an emeptier flight. but it was packed in first class and probably a fifth empty in economy. stuart: would you say overall that flight, the number of tickets -- number of seats sold on any given flight is gradually inching up? >> it's inching up but it's not packed. i think in most cases they are carrying about 30% to 40% of the flight load. there's not a lot of amenities in the airport either and of course, the rental car facilities are pretty empty, as you can imagine. the hotels are really empty. the hotel we were staying at had eight people on a sunday, 12 people on a monday and like 14 on a wednesday. they could hold 300 people. stuart: okay. that tells a story. ray wang, thanks again. always appreciate you being here. now, i want to update zoom. there is news on zoom. the stock is up 5%.

susan, passwords to zoom are available on the dark web? is that accurate? susan: past a million of them. 500,000 of these passwords, user names and other data is on the dark web which is available for purchase by cybercriminals and this includes employees at major banks like citibank and chase, according to these reports. we know that several companies including google, tesla, even nasa, the uk government, the u.s. senate, taiwan, have banned the use of zoom because of concerns of security. we know that zoom itself and the founder has embarked on this 90-day security plan hoping to beef up security since we have heard of zoom bombing which is also now part of the zeitgeist as well since 300 million active daily participants are on a zoom meeting so zoom has a lot to i guess repair for in terms of security but that still hasn't stopped the stock which is up 5% today and doubling so far this year. stuart: well, like ray wang

says, zoom has become a verb. susan: part of the zeitgeist. that's right. you zoom now. everyone does it. stuart: susan, thank you. some counties in pennsylvania say they have got to follow their own lead to reopening, regardless of what the governor has to say. they are ready to go back to work and it looks like they are going to actually do it no matter what their governor says. we're on it. johnson & johnson chief science guy says we need a vaccine before we can return to work and normal. we will tell you exactly what he had to say about that in just a moment. in my line of work, i come face to face with a lot of behinds. so i know there's a big need for gas-x maximum strength.

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is there any possibility that the hope the president called for earlier in the week there can be some kind of effective vaccine in 2020? is that realistic at all? >> well, clinical trials will need to be done to show that's effective and that will take some time. we will have some vaccine available this year but it will depend on the authorities, the fda and others, to decide whether it can be used earlier, before clear efficacy data are available. stuart: i'm not sure whether he answered the question there, are we going to get a vaccine this

year, yes, some of it, maybe. that was j & j's top science guy. ash, you listened to more of that. did he also say the virus is not going away without a vaccine? i'm not sure what this guy's saying. ashley: yes. that's exactly what he said. he said look, the coronavirus cannot be eradicated until we have a vaccine. he talked about the trial of a promising new drug. human trials will begin in september but it won't be until next year when j & j hopes to deliver one billion vaccines by next year. you know, vaccines normally take five to seven years to get from concept to delivery. we are talking about a very very much shorter period of time, so you know, there's not a lot of precedent here to give time, you know, to give deadlines but certainly, the human trials beginning in september is a very encouraging sign, but we'll have to wait and see how successful those trials are. stuart: all right. thanks, ashley. lauren, come into this, please,

because the fda has granted authorization for a new type of virus test, okay. what's this about? lauren: right. this is the first time there's approval for an antigen test. there's antibody tests, antigen tests and also something called a pcr. the name of the company is quidell. take a look at this stock, all-tim high tod all-time high today. this is a nasal swab. you get the results in 15 minutes. it's fast, it's cheap and they can scale manufacturing pretty fast. stuart: the stock is up 20%. all right, everybody. we are through with our first hour. there will i promise you, be more "varney" about flynn and president obama after this. i came across sofi and it was the best decision of my life. i feel cared about as a member. we're getting a super competitive interest rate on our money. we're able to invest through the same exact platform. i really liked that they didn't have any hidden or extra fees. ♪

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stuart: it is sackly 10 here in new york. among the eastern seaboard. the market open for 30 minutes. we're down 200 points for the dow industrials. s&p down .6%. the nasdaq composite down just a fraction, .14%. tech's doing well. i want to show you disney. shank ohio disneyland reopened. there were social distancing controls. they limped number of visitors. they will keep some attractions closed. nonetheless, it was a sellout and people went in big numbers. look at apple, they will start reopening american stores this week. they will require temperature checks of employees and

customers. number of people limited. apple we reopen stores in states alabama, alaska, idaho and south carolina n a down market today, apple is barely changed. now this, arkansas senator mr. cotton, tom cotton, he continues to criticize china for its response to the virus, harshly so. watch this. >> i believe that was a deliberate and conscious choice by the chinese communist leadership. though did not want to see their relative power and standing in the world decline because this virus was contained within china. if they were going to suffer an economic contraction, they were not going to allow the world to continue to prosper and china be the only country whose economy was declining. stuart: that is a direct accusation against china. susan what do we know about the relationship between the accusation against china and phase one trade deal with china.

susan: both sides have been talking. we heard from robert lighthizer, the trade rep and treasury secretary steve mnuchin. both sides are talking to the chinese side in order to get the phase one trade deal implemented. but we also heard about the u.s.-china relationship. take a listen. >> ambassador lighthizer and i had a conversation with premier liu he. we made it clear that they would meet their commitments? am i confident? their actions, i said before we expect china will meet their obligations f they don't there will be very significant impacts to them, not just with the u.s. but the rest of the world. susan: what are those obligation gas? that means spending $200 billion next few years on energy and farm goods. they have been buying a lot of farm goods to maybe resupply and restock the food chain. we know there has been an epidemic among the swine and

pork population in china. in terms of ip, intellectual property protection that is in question as well. will phase one translate into phase two? we have 25% tariffs, on $300 billion worth of chinese goods. stuart: tell me about the chip-makers. i think it is the administration's intention to take chip-making out of china and bring it back to the united states. how does that factor all these talks? susan: they want to jump-start new chip factories pointing to the fragility of asian supply chains, especially taiwan, which is separate from china. china doesn't view it that way. we know a lot of sophisticated, fast, modern chips come from the asia-pacific. only three manufacturers currently in the world can build the chips. taiwan semiconductor, samsung and intel. so the administration reportedly talking to intel, teaming up with tsmc, taiwan semiconductor that make chips going into the

iphones. building a factory and more factories here in the u.s. this would build chips for a lot of u.s. corporations including possibly apple and defense. to provide a safe supply chain for sophisticated technology in the future. stuart: no wonder intel is up 1 1/2% this morning even in a down market. thanks, susan. let's get back to hong kong. remember the protests there? remember the lockdown because of the virus? apparently, lauren tell me more, the protests are flaring up again, is that right? lauren: the pro-democracy protests are flaring up again. hundreds of protesters over the weekend. some indeed were arrested. they say beijing is taking advantage of the coronavirus to use contact tracing apps to find out where they are. also find them if they're gathering more than eight people. that is against the law. so they say beijing is using coronavirus to clamp down on them even more. they will not have it. we saw protests over the weekend

there. stuart: what was that expression? never let a good crisis go to waste? i think that applies to many, many areas these days. we've been in business for 35 minutes. the markets are open now. we're still down 200 on the dow. look at the nasdaq. that now has moved up. the nasdaq by the way is positive for the year 2020. it is up just a fraction today. tech doing well. tesla, model 3 sales in china plummeted 64%. whether that is why the market is selling off a bit, i don't know but it is down 16 bucks on tesla. marriott after their profits came down 92%, the stock is off 5.6%. we're not staying in hotels like we used to. look and under armour. they are way down. their sales were way down 23%. the stock is off 10%. got that. big news on abbott labs their antibody tests. what have they got millions of them ready to go to market,

lausch -- lauren? lauren: doubling to 60 million in june. they know the proportion of a population that has been infected, has coronavirus before. it helps with the reopening. of course it doesn't gain i immunity. you can get the virus again but chances are less. stuart: thank you very much. check the 10-year treasury yield. .68%. "wall street journal" says the fed is not likely to consider negative interest rates. that is probably good news. ed yardeni is with us. i can't imagine us going to negative interest rates here in the u.s. are you glad too? >> i am glad. the negative interest rates in

japan and eurozone has not been positive. quite opposite. it squeezed institutions financial profitability and made it hard for banks in the japan and eurozone to make loans. in the united states we have a huge capital markets which creates a lot of capital for our companies but the banks are also in very good shape. i hope we don't ruin that all with negative interest rates. stuart: are we headed toward as debt crisis? after all we're trying to borrow $3 trillion between april and june and probably a lot more borrowing still to come. debt crisis on the distant horizon do you think? >> i think it is very distant at this point, i think it is premature we'll pay price for borrowing. interest rates are at zero. treasury secretary said he can borrow a lot of money with sear

interest rates. we have monetary theory where the treasury borrow as lot of money and fed monetizes it by buying bonds. federal reserve bought 1 1/2 trillion dollars worth of debt last few weeks. i think the fed will basically mon advertising the whole thing between now and year-end. stuart: what does that mean, monetizing the whole thing? explain that to us. >> so the fed is buying the bonds. individual investors, institutional investors are not ones financing the deficit. federal reserve will do it. and it will do it by basically printing money as they say but it is not really currency. it is reserves of the commercial banking system and i didn't know how we have been able to get away with it for well over 10 years the fed has been doing this without creating any inflation problem whatsoever. as a matter of fact, as you know, they have been frustrated they haven't been able to get inflation back to 2%. we've been lucky.

there have been some very powerful forces keeping a lid on inflation. as long as that continues i don't think we'll face a debt crisis. debt crisis will occur when inflation comes back. i don't see that anytime soon. stuart: okay. the markets are moving a bit higher. not right now. certainly general direction moving up. ed, thank you for joining us, ed. >> thank you, stu. stuart: a biometric company. it is called clear. it is reportedly going to offer virus screening for businesses. the significance of that, lauren, tell me please? lauren: you know what clear is. it has been used after 9/11 at the airport. you pay for it. it knows what your eyes are like, fingerprint, and you can bypass security. they're looking to use the system so you can go to work. so businesses can reopen. snap a selfie, answer a health

quiz. antibody results are in there. it generate as qr code. that is your work pass. you scan that to get into the doors of a building. that is they're thinking of use the technology for. it raises privacy concerns. it is tracking our every move. holding identification about us in their system this is the new covid reality, right? stuart: there is accuracy questions as well. is it always 100% dead accurate? you have to ask that. i smell lawsuits in the offing. there you go. quick check of the markets down 200 on the dow industrials. down a half percentage point on the s&p but the nasdaq continues to move up. i see green for the nasdaq. now this. well that moved fast. we've gone from exonerating general flynn to questioning the involvement of president obama in the mess known as russia, russia, russia. it only took a week. it was the obama white house and the obama justice department which targeted general flynn

even when it was known there was no legal basis for a charge against him. flynn's lawyer says the general's ordeal began when president obama met with top fbi and doj officials in the white house. the obama team back then rattled by hillary's loss and all the signals that president trump, president-elect trump was planning to reverse all of obama's policies. obamacare, the iran nuke deal and paris climate agreement. he would reverse them all. they couldn't handle that. according to flynn's lawyer started the plot to undermine the trump press did not sy before it even began. that's why obama has lashed out in a conference call last week he suggested that trump team was undermining the rule of law but is the obama team that clearly -- is the obama team that clearly did undermine the rule of law with the political prosecution of general flynn. president trump calls it obama

gate. he believes obama did indeed tried to undermine his presidency. the flynn case certainly set in motion the whole russia, russia, russia, fiasco. now that we finally see the all the relevant documents it looks like the trump haters did indeed move heaven and earth to overturn the election this is important. we may be distracted by the virus and devastated economy but we can't let a political scandal of this magnitude just slide by unnoticed. it has taken a long time but we are going to find out if a sitting president set in motion a plot to undo an incoming president. remember the election is less than six months away. it will be between president trump and joe biden. he was president obama's vice president when all this went down. you might almost say it's trump versus biden, clinton, obama. you could say that. here is what flynn's attorney, sidney powell said about

president obama on the fox news channel yesterday. roll tape. >> so the whole thing was orchestrated and set up within the fbi, clapper, brennan and in the oval office meeting that with president obama. >> so you think this goes all the way up to the top to president obama? >> absolutely. stuart: come in, tim murtagh, trump 2020 communications director. do you have proof, flat-out proof it does go all the way to the top? >> well i think it certainly looks like that, stuart. all you have to do is look at the facts that are now coming out. everyone involved there knew that obama was interested in, was in the loop and we also know that joe biden was in the room there in the white house in january of 2017 after donald trump had been elected but before he had become president. when they were talking about michael flynn. let's remember what general flynn went through here. they were first going to try to get him on the logan act which is of course private citizens

getting involved in foreign affairs on behalf of the united states. no one, no one, has ever been convicted of the violating the logan act. they moved on from that. we know they have the handwritten notes in the margins of the fbi documents there. they were either aiming to get him to lie or get him fired this is is a concocted case against michael flynn. we know what was happening. they wanted to get the russian hoax off the ground. they need ad scalp, someone to take down, in order to further that aim. that is what this was. they were inan tent on taking down the trump administration from the very beginning. that is what this all traces back to. stuart: do you know for a fact, we'll see more documents in the immediate future which will lead to the top? do you know that? are we going to see that? >> no, i don't have any personal knowledge of what documents still exist and what documents are about to come to light. remember, we're the political arm of the president. we're not inside the white house

and don't have access to doj files of course. so we follow the news reporting and the news report something damning enough. they threatened general flynn with prosecuting his son, why he entered the plea agreement. for president obama to lash out, say the rule of law has not been upheld, when in fact the rule of law was perverted to get general flynn in the first place, now the rule of law is being upheld as the case goes before a judge who we hope will approve the dropping of the charges. but this was a set-up from the very beginning, intent on getting general flynn and breathing life into the russia hoax. which we know that's what happened by the evidence that is already in public today. we also know that joe biden was right there in the room when this was all being discussed. so the question really is, to paraphrase something from way back in american history what did joe biden know and when did know it? these are very, very important questions. stuart: i will be waiting for the debate between mr. trump and

joe biden. tim murtagh, thanks for joining us. appreciate you always as always. >> as always, stuart. stuart: still to come on the show, former national security council chief of staff fred fleitz will also respond to what michael flynn's attorney is saying about mr. obama's involvement to frame the general. first several counties in pennsylvania threaten to reopen business despite a order from the governor not to do so. we're talking revolt again in pennsylvania. here's the thing about managing multiple clouds

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♪ stuart: all right. we're open now for 50 minutes. we're down about 1% on the dow. down 2/3 of 1% on the s&p but we're up a tiny fraction on the nasdaq. vera bradley says it plans to have nearly its entire store

base reopen by june. they will be restricted hours and there will be social distancing. it is not helping the stock. they're still down 8%. that's vera bradley, vra. now there is this, at least six counties in pennsylvania threatening to reopen businesses within the counties. ash, they're not supposed to be doing that, are they? it is a revolt? ashley: it is a revolt. at least six counties telling pennsylvania governor tom wolfe we'll not play by the schedule that you have put out. they say their residents should be rewarded for patience and get back to their life and livelihood. one of the gauges pennsylvania uses is a threshold of 50 cases of coronavirus per 100,000 residents. if it is at that or lower, then you can move into a phase of reopening. the interesting thing is, those six counties, stu, all have greater number than 50 cases per 100,000. they say this is time to get

going. they are, well, threatening, i guess is the word to say. we're going to go ahead and move, we trust our residents, they say, to act responsibly. they have done it up to now. there is no reason why they can't get back to their lives. stuart: six counties. that is in pennsylvania. ashley: yes. stuart: we got that. andy puzder is with us. andy, comment on the pennsylvania revote. there is a revolt in california. seems to me this is, it is almost unstoppable, especially in rural areas. what do you say? >> absolutely. look, people, the american people know that it is time to reopen the economy. they need their jobs. they need to be able to feed their families. look what happened to the woman in texas. they will continue to pressure the governments of their states to allow them to open. i'm in tennessee. people talk about taking the tennessee pledge even in new york where people open up but do what they can to protect employees and their customers. we've got 89 counties open here.

i'm in williamson county. it is open. i was out this morning. there was a rush hour. i would say 70% of normal. i will get an elective medical procedure on wednesday. people are out there. they're in restaurants. it is, you can feel energy. people are ready to get back to work. stuart: you have the problem of liability. i see this coming a mile off, andy. your business opens up. people come in. you take all the precautions you can possibly take, you come in. somebody gets infected and sues. you're on the hook. you can see this coming a mile off. if we want to get back to work, fast, surely we need liability protection? >> we do and republicans are ready to pass it. whatever bill they pass next, if it is going to get through the senate it will have a liability protection for, provision. obviously democrats are resisting this. the trial bar is very supportive of the democratic party. they have treated this whole virus situation as political, as

something to either enhance their chances of winning in november or fundamentally changing america or making sure that the people that support them like the lawyers continue to see increased funding. the republicans are not -- they're not letting anything get through the senate that doesn't have a liability protection. stuart: i call that, i call that good news. before we leave you, andy, i'm hearing anecdotally where businesses have opened up in states where they're allowed to open up, business is pretty good. what are you seeing in tennessee? >> i tell you what. i drove to a little place, happiers fork, ash probably knows it, a little tourist place. ton of people there. restaurants had tables outside. there was distance between them. they were full. bikers there. a lot of bikers go through the town at the little gas station. you can feel the energy here in tennessee. i think we'll see much better

results than people are predicting. i have to be conservative. we're still in page. a lot of people still don't have jobs. there is a lot more to do. here in tennessee thanks to governor lee, you can feel energy. stuart: got it. andy puzder. >> thank you, stuart. stuart: tomorrow, shelley luther, she is the texas salon owner sentenced to jail for reopening early. she joins me this morning, 9:00 a.m. eastern. she is a hero to me. shelley luther. oil, we're at $25 a barrel. 25.14. national average of gallon of regular case, i'm afraid gone back up to $1.84. the low was last monday, a buck 75. here is the cheapest in the nation, arkansas. average price of gallon of regular will set you back $1.48.

cheap gas, that means we're driving more. does that translate into a demand for more cars? is that is what is going on, ash? ashley: well, yes. the interesting thing psychologically, stu, the perceived safest form of transportation right now is the car. it is really interesting. in other countries further along in the process, china, for instance, beijing's metro system usage down 53%. in berlin, germany, it is down 61%. why? people are getting in their cars. we used to like taking the train because we don't deal with the traffic jams. but now i only feel safe in my own car. that has given a huge boost to demand for gasoline. in fact in the u.s., in the weekending may 1st, 400,000 barrels more of gasoline were used because more people feel safer driving than taking public transportation. stuart: i knew it would happen. bring the price of gas down, people will come and use it.

that's a fact. ashley: right. stuart: we have a new report from "forbes" and it suggests that future air travelers might have to arrive at the airport four hours early to allow for check-in, and, health screenings. how about that? i want to know how that is going to work? i'm asking the ceo of jetblue. he is on the show next hour. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. avoid sick people... and touching your face. there are everyday actions to help prevent the spread of respiratory diseases. visit cdc.gov/covid19. brought to you by the national association

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stuart: we've been open one hour this monday morning. we're still down almost 1% for the dow. down about 2/3 of 1% for the s&p. a fractional gain for the nasdaq composite. gold still hovering around $1700 an ounce. you're exactly 1700 as we speak. bitcoin, all over the place. where is it now? 8900 buck as coin. down 1000 bucks. a real volatility. bitcoin fell 15% in ten minutes. all over the place. plans to reopen america very much underway. danielle dimartino booth is joining us now. danielle, here is what it seems to me. the pace of the economic recovery, how practices we bounce back, depends how fast we go back to work and how people prepared to use stores and spend

money, are you with me on this? before you answer, seems to me it is going quite well. we are opening up, we're going back to business and we're spending. >> i think a lot of americans are definitely itching to get out so to speak. here in dallas, there were lines outside of beauty salons where you can get manicures and pedicures. there is demand for services. i'm not sure about big big at the ticket items. 30 stores took out a full-page ad in the "atlanta journal-constitution" explaining why they weren't quite ready open up. rural areas in america have a little bit more latitude to open freely as opposed to the densely-populated areas. woe saw the mayor of the city of naples, florida, for example, come out close the beaches in florida, he said, inif you're not respecting social distancing requirements you will not have the privilege of using beaches.

americans need to be enthusiastic about this they need to be remindful, respectful of others when it comes to the social distancing norms so we can all be safe. stuart: i take your point but i think it is absolutely imperative that we get out of the house, and go back to work. there is a huge social cost involved here. you keep people penned into a small apartment, a house, for weeks on end, you might be in a abusive relationship, there could be domestic violence, alcoholism, drug abuse. those are hidden costs keeping people locked down. i think it is an absolute imperative, get out, get back to work as fast as possible. are you with me on this? >> oh, i think we need to get america back to work as soon as humanly possible. whatever we can do to get the engine, get that train in motion is definitely important. we have to be mindful of the country. we have to come together as some

other countries have done and be respectful of each other so we all get on better economic trajectory. get the paychecks going again, be, reliance on the american government declining given how much money, stimulus, how much we're running up debt levels in the country. stuart: by the way, danielle, the president tweeted this a few seconds ago, i will read it for everybody. the great people of pennsylvania want their freedom now. they're fully aware what that entails. the democrats are moving slowly all over the usa for political purposes. they would wait until november 3rd if it were up to them. don't play politics. be safe, move quickly. do you see politics in this, danielle? i mean i, i mean politics are right there. democrats are not desperate to get back to work. republicans are? >> well, i, you see a lot of political divisiveness when it comes to the debate surrounding opening these states and, just

on my twitter feed alone the animosity, you can tell who is coming from what direction. i think the president's message we have to do this safely is something that i hope everybody listens to very carefully because i think that we can successfully reopen. you never even saw cities like seoul close completely down. they were able to keep the restaurants open throughout this, because, again, people appreciate social distancing norms what they needed to be to keep everybody safe. i'm happy the president used that word this morning. stuart: and he did. thanks very much indeed, danielle. we'll see you again real soon. check the markets. come back a fraction, nothing much. we're down 195 on the dow industrials. let's get to sports. are we going to see baseball in july? ash, what's the plan? ashley: yes. that is one of the suggestions. the baseball commissioner is talking, rob manfred, is talking to the owners today on a

conference call. then they are expected to put a proposal to the players union by the end of the week. what they're looking at, stu, right now, is beginning a season in early july, in stadiums without fans. they will only play about 80 games. which is half as many as normal season. some home stadiums can be used if those teams are in cities where local governments allow it. other teams may have to go to the spring training base in order to play. also they will regionalize the games. that that will cut down on amount of travel teams have to do. this is up for speculation. the players union has to agree. and owners too have to get on board. there is optimism. i will say this, some scenario that can be played out and we will see some baseball, hopefully beginning in early july. stuart: bring me up to speed on football, basketball.

nfl first. september? ashley: nfl, yes, they sent out protocols. commissioner's office, this is how stage one will look when you open up your facility. basically no players allowed to report in the early going and only 50% of staff of all the teams. roger goodell says it is impossible to project what the next few months will bring. they put out a schedule. we don't know where some of the teams will play. maybe california teams will have to play in arizona and nevada. maybe las vegas's new football stadium will host maybe two or three california teams. all hypothetical. but the nfl trying to come up with a plan that is good for everyone. as for the nba still very unclear when they will be able to resume the season. there is no real agreement. they have some practice facilities open but only two teams are taking advantage of that, portland, cleveland. other than that, it comes down to the level, the tolerance of the individual to risk we are

told in the nba. that still hasn't been decided. so the nba up in the air. baseball trying to look at early july to get some games going. stuart: we hear you. ash, thanks. coming up by the way, i'm talking to two former nfl quarterbacks, drew bledsoe, rick mira. see what they make of the nfl reopening plan. i'm asking them about their virtual wine tasting. that is what they have been up to in quarantine. that i guess is one way to pass the time. i'm sure they will tell us more about that. i was born in '37... it was a very struggling period of time. up and down. depression to exuberance. and you could name many, many cycles like that over the years.

my generation, having come through so many wars and so many things... persistence. it's the heartbeat of this country. stick with it. ♪

stuart: drew bledsoe, rick mira, two former nfl quarterbacks have been hosting wine tastings through a series called, wine odyssey. they share notes about wine and including their own. that is where i want to start. drew, you make your own wine, do

you? >> rick and i both do. we have a shared passion while we were playing. we both like wine, love talking, you know, talking about what we would put in the cellar while we're playing. both of us after retirement decided to get in the wine business. we're having a ton of fun. in this new world we have to talk about something, let's talk about what we pull out of the cellar every night and the world gets to listen to our conversations about why. stuart: rick, you want to be honest and is your whiney good? >> i knew you would ask that. i thought you were going to ask about drew's. the wine is really great. we're proud of what we have across the board. we've been sharing other wines and stuff from italy and france and other places to explore and continue the odyssey. stuart: what is your platform? how do you do a virtual wine tasting to bring people back into it? what, are you on facebook or

something? >> we're doing a couple different things. we're both kind of old. we have to ask the kids. we ask our sons, our daughter, where do we put this? on snap face what do you do? so we sort of figured out. we do instagram and and twitter. that gets dumped over to facebook also. but, we're obviously very brand new at it. we try to figure it out on the fly. stuart: rick, you do know when you do a real wine tasting, you're not supposed to swallow it. do you swallow it? >> there is quite a bit of consumption, yeah i think, right now when you're safely in your own home, no one is on the road. so it is okay to swallow. stuart: absolutely. why not? you're looked down anyway, come on. drew, look, i don't know that much about football but i do know this. you were the quarterback with the new england patriots. you got hurt. it was 2002. tom brady came in to take over

and he never left. now mr. brady is with the tampa bay buccaneers, how do you think he will do down there? >> i think he is will do well. tom is a great guy, a great player. the interesting thing that is pertinent to right now though about that time was the game that i got hurt in was the first game back after 9/11 and i was listening earlier, you guys were talking about when's football going to start again. i was actually on the committee that was trying to decide when we were going to start playing again at that time. it is very, very pertinent to right now. are we going to play. how are we going to play? what are we going to do? we elected to skip a week then, then start playing games again. it is very pertinent to right now in terms of what they're trying to do, figuring out when to open football again. coming back after that game. we played the jets. they're from new york. so everybody felt sorry for them. we let them win. they hurt me. tommy came in. what has he done, right?

stuart: that is one side of the argument. i'm sure there are other sides to it. rick, i will ask you first, then to drew, rick, how do you feel, how would you feel about playing to an empty stadium? >> i would rather play to an empty stadium than not play. that is how i would look at it. it is doable. it is unique, it is unusual but it is better than not playing. i feel bad for the rookies, new guys switching teams, they haven't had a chance to meet their teammates face-to-face. i would like to see the games happen one way or the other. stuart: drew, same for you? >> yeah i think it is important. sports are important to all of us. really worldwide. something that we talk about. gives us some common ground if we don't have common ground on other things. honestly, playing in front of an empty stadium, kind of depends was going. if i was playing poorly, then an empty stadium would be great. i did have the benefit of

playing, my name is drew. when i through an interception, i pretended they were saying drew, they were never booing me. i'm with rick, play with an empty stadium or don't play, you definitely play to an empty stadium. they could integrate some of the xfl stuff. have more microphones on the field. do coaches talking more, do that kind of stuff to fill the dead air. stuart: gentlemen, great having you on the show. we wish you luck with the wine tasting, virtual wine tasting, whether you swallow it or not we don't care. you're doing something. gentlemen, thanks very much. cheers, that is the way to go, cheers. check the market. we're down 189 points. that is 3/4 of 1% on the dow. check this out footage of clubbers in germany's first drive-in rave. cars parked in rows in front of the d.j. passengers limited to two people per vehicle. they did it. they got out there.

in the u.s. first socially distant plan for this friday in arkansas. performance by the lead singer, rock band bishop gun. we'll tell you how this thing will work. we'll tell you that next. tums versus mozzarella stick (bell rings) when heartburn hits fight back fast... ...with tums chewy bites... beat heartburn fast tums chewy bites

stuart: all right.

where are we now? we're about 10:51 reason time. we're down 191 points for the dow industrials. listen to this, the first socially distant concert takes place in arkansas this friday, led by travis mccready, from the country rock band bishop gun. kristina partsinevelos. how do you have have a socially distant concert? what will it look like and feel like? reporter: you won't be knocking elbows with fans or crowd surf anytime soon. less than 250 people will be allowed in this venue on may 15th. live nation is hosting it. so what are the restrictions? you will have to wear a facemask when you enter. tickets are being sold in fan pods. sold between two and 12 sate clusters. you have to have the temperature taken. you have to wear a facemask. the arena holding 1000 people will be only 20% capacity. bathrooms, there will be a

maximum of 10 people per bathroom. there will be fog sprayers that will sanitize the venue. but stu, you know, sometimes maybe you or others may not feel safe in such a enclosed space. another trend that is picking up is, drive-through, or drive-in concerts. one happened last month in denmark where everybody drove their car into a drive-in movie theater there was a concert hosted. there was also a concert hosted over the weekend in seattle with a rapper who did the same thing. instead of speakers, stu, they gave everybody wireless headphones so they could sit in their car, listen to a guy rap on stage, while look listening to the music through their wireless headphones. another u.s. artist will host a five-city tour in the united states in drive-in movie theaters. take your car. distance yourself in the car. listen to a concert live. this could potentially be the

future. live nation is very optimistic, because fans have not, 90 percent of their fans are choosing to keep their tickets instead of refund them because they believe these shows will eventually come back. just might feel, look a little bit different. stuart: you got that right. you got that definitely right. that is not your normal concert. thank you very much, kristina. reporter: no. stuart: i want to move on to the whole story about reopening these meat processing plants. tyson foods closed its north carolina plant for deep cleaning. lauren, when is that going, when is that plant going to reopen and what about the rest of them across the country? lauren: tomorrow, it will reopen after a deep cleaning tomorrow, but at least 38 processing plants, according to "usa today" have been closed since the pandemic. think about it. meat workers work in close proximity to each other and they often live close to each other as well. for this particular

north carolina tyson plant the county health department says 19% of the workers there tested positive for coronavirus. so what are the repercussions of all of this on the national scale? higher meat prices and/or meat shortages. i have gone to the food store. some food stores have like no meat. the ones that do, the prices are definitely up. usda says there will be a one to 2% increase in meat prices. i have seen more than particularly when it comes to beef and steaks. stuart: thank you, lauren. here is what we have in the next hour of the show. i will talk to the ceo of jetblue. their sales were down about 20% in the month of march. what are they going to do about that? how do you get people back, when if ever can they return to normal. i will ask robin hayes. he is the ceo of jetblue. you have my take on the left universal income proposal. it is the worst of ideas at the worst of times and i will tell

you why after this.

stuart: all right. it is coming up on 11:00 eastern time. the market's still on the down side largely but i keep saying it. look at that level on the dow industrials. 24,100. about six or seven weeks ago, we were back at the 18,000 level so we have come a long way. lots of earnings news. this is a big day for profits and losses. first of all, we will get -- take an eye on caesars.

the vegas people. this is going to be all about their call which has been made after they released their earnings. what do they see on the timetable for vegas reopening? that will be important. the simon property group reports today. they are the biggest mall operators in the country so obviously, they are in the news. sunoco, an oil company, oil is very much in the news. pay close attention to those particular earnings reports. more than a dozen states easing lockdown restrictions as of today, by the way. several states are reopening restaurants or at least allowing them to, allowing dine-in services, at that. in michigan, some manufacturing workers will be allowed back on the job. that's what's happening. now this. it's the worst of ideas at the worst of times. free money for everyone. can you believe it? just as we are trying to get back to work, the left proposes $2,000 a month for every adult.

you may have thought this kind of universal income scheme bit the dust in the primaries but no, it's back. just one more way the socialists try to stick us with economic nonsense. three senators, bernie sanders, kamala harris, ed markey, they want to give $2,000 a month, no strings attached, to everyone 18 and older. quote, until the pandemic is over, whenever that might be. if that's not vote buying, i don't know what is. vote for me and look what you will get. look what i will give you. point one, how do you get people to work if they are making, what, $50,000 a year each to stay home. the left doesn't want you to work for your money. they want you to be dependent on a government handout which they control. point number two, who pays for it? the socialists pretend that the rich will pay or we'll just print more money. this is economic fantasy land.

wealth confiscation trashes the constitution. money printing on a vast scale invites inflation. socialism really is dangerous for your financial health. somebody has to point out that america's world-beating economy was created by energetic people going to work. not handouts that encourage people to stay home and live off the government. in fact, there's a raft of big spending plans. speaker pelosi wants a new big and bold multi-trillion dollar spending plan. aoc, well, unbelievably, she wants a general strike. throw in this $2,000 a month vote buying scheme and you can see where the left is headed. tax the rich, print money, make us all dependent on the government. they want to salvage political power from an economy wrecked by a government-ordered shutdown. this is not going to go away. it's only a matter of time before joe biden comes up with his own free money program. the left will try very hard not to let this crisis go to waste.

let's get straight at this and bring in raul powell, real vision group ceo and founder. he's with us today. you dabble in politics a little and you certainly look at the market and the economy. tell me, do you think that $2,000 a month for every adult will bring the economy back rip-roaring? you think so? >> no, i don't. i also think that the problem is if you give everybody the same thing, it devalues the value of that thing that you give them. so does it add inflationary pressure, do we basically lose that potential gain? i understand why they think it might work but there's a lot of stumbling blocks in why it won't work. i think it's really not the answer here. yes, they need a better social security net in some way, shape or form but not like this. stuart: what about the whole idea of yet another stimulus plan? speaker pelosi is talking about it and they are talking

trillions and trillions of dollars here. do you think another one is required in the immediate future? >> look, we don't know because we don't know about the reopenings, right. we have an idea, a hypothesis that the reopenings are going to get things back to some sort of normality. we won't really know until august. my guess is it's not going to be as good as hoped because there's a behavioral change and restriction in how people can move. in which case the stimulus comes back on to the table later in the summer, i think. i think the problem is these trillions start to add up after awhile, whether it's central bank printing or government fiscal stimulus. it's not only in the u.s., it's all round the world all at the same time. stuart: when do you think the american economy will return to something that we can recognize as normal? >> i think we don't get out of a recessionary growth period, i.e., call it negative 1% or 2% year on year growth, i don't think we get out of that for at least 12 months. as would be normal in a

recession. stuart: well, is then 24,000 on the dow industrial average justified by your outlook? >> well, i came on two weeks ago and said look, i'm worried about that and i don't think it is justified. you know, i don't want to short it but i don't think there's much upside left for the time being unless we get evidence that coming back to work and the reopening of the global economies, not just the u.s., is going to be positive enough to lift us out of recession. stuart: okay. i want to play for our audience what you had to say about bitcoin the last time you were on the show. roll tape, please. >> it's all about the stresses with the monetary system, with so much printing of money by all the central banks around the world and the movement by central banks towards digital currencies, the digital future is looming large. i think it has a great risk/reward even if it goes down

15%, it has a huge upside. stuart: i think you were talking about an upside of getting bitcoin to $1 million a coin. i think you were in that kind of territory. have you revised your outlook for bitcoin? >> no. look, bitcoin is not a short-term play here. it is a way i think for the younger generation in particular to have an asset, new asset that they can invest in and the chance of it going up 50-fold from here i think is reasonable, or further. so yes, over time, i still stand by that million dollar price target and it corrected quite sharply yesterday, but i do think the upside over time is extraordinary. stuart: stick to your guns there. one more for you. the "wall street journal" suggests the federal reserve is not going to even consider negative interest rates.

is that -- >> good luck. stuart: you think they are going to be forced to negative interest rates? >> yes. because i think the market will price it, the same as the european market did back in 2012, it priced negative rates and 18 months later, the ecb caved in. the fed will do the same. the reason being, we've got deflation coming, falling prices and rates at zero mean essentially the real rate of all your debt goes up so it becomes expensive to pay your debt in the crisis. that's what the fed fears the absolute most. stuart: but you are talking about a great deflation, dropping, falling prices. when a lot of people are talking about inflation, rising prices because we are printing so much money. >> yes. the problem is, the cost of commodities is falling faster than the amount of money being printed. so we have a monetary debasement going on but the problem is things like the oil market, the

copper market and all the commodities, whether it's agricultural commodities, are all falling even faster. the only time we saw this really was in the 1930s. that was a debt deflation, where you've got this huge amount of debt and in real terms, your debt goes up every day. i think people are confusing the value of money and you can see the value of money rising -- falling against gold, as gold goes up, versus inflation driven by commodity prices and demand. it's just not there. it's the opposite. stuart: just think what we are saying here. if you went back three months, if you went back to january or early february, and you said that in six weeks' time, we will be talking about massive deflation, negative interest rates in the united states, a million dollars for bitcoin, you would have thought you were absolutely crazy. but now, standard issue for any discussion. it's extraordinary stuff. we always like you on the show. you are very clean-cut, we know

what you are going to say and we like that. thank you very much, sir. see you again soon. >> thanks a lot, stuart. stuart: sure thing. a warning from goldman sachs. they are saying jet fuel demand, that's the stuff they use for airliners, may never recover from the pandemic. what's the reasoning there, ashley? ashley: because they believe that the behavior of people around the world will change when it comes to taking up flight. 187 countries and territories right now have some sort of restriction in place because of covid-19. goldman says listen, we believe the commuting demand will come back, industrial demand, but when it comes back to jet fuel, they say that so many people, especially in business travel, have gotten used to using services like zoom, they believe the leisure travel will eventually come back and people will fly somewhere else for their vacation, but business travel may see the savings, the cost savings, of not having to fly around the world to meet with people and just do it by video conferencing, and they say because of that, they believe

the demand for jet fuel will not come back, maybe never come back to the rate we saw it pre-virus. interesting take. stuart: that really, it will never come back to what we used to have. my goodness me. all right, ash. by the way, later this hour, i'm talking to the ceo of jetblue, robin hayes is his name. what does he say about getting back to normal? i will ask him. today, indiana easing more restrictions on businesses. this is important in the great opening up. many restaurants and bars can now open but only at 50% capacity. nonetheless, they are opening up. grady trimble is live at one of those restaurants in indiana. do they expect to fill the seats they've got available? reporter: they are going to shoot for a little under 50%. they made a lot of changes in preparation for this. the chefs back here all have masks on. i want to move into the dining

room to show you what it's like in this main area. they open in about an hour for the first time in two months for dine-in customers so they are very excited. you can see the tables are extremely spaced out. all of the staff in the front as well have gloves and masks on. they have even put hand sanitizer out. they are using plastic cups to make customers feel a little more comfortable with that. then this is their menu. it used to be a reusable menu. now it's paper so they can toss it out at each use. the owner knows that people might be hesitant to come out to a restaurant for the first time in two months so he says this is all about easing them back into that level of comfortability. listen. >> if they want plastic ware, we will give it. if they want paper napkins, we will give it. if they need us to, you know, take a few steps back, we will take a few steps back. they want to move to a different table, we can move them to a different table. we will accommodate the customers. it's not about us, ourselves.

it's about the ucustomers feelig comfortable. reporter: i will tell you, stuart, we talked to several restaurants in town and just because they can open today for the first time doesn't mean they are going to. some of them have said you know what, we don't know if people are comfortable yet, we don't know how we will go about doing things in this new normal. they will let places like this, radius, kind of be the guinea pigs for this new dining experience. stuart: well, thanks for joining us. that is a key indicator. if you open, will people come. i'm dying to know the answer. grady trimble, thank you. disney, thousands attended shanghai disneyland's reopening. the first disney park to reopen. face masks, got to have them. temperature screenings, social distancing, all enforced. no parades or fireworks but they turned out by the thousand to be at shanghai disney. marriott profits dropped 92% last quarter. the virus halted travel, of

course. net income fell to $31 million compared to $375 million during the same period last year. the stock is down 5%. apple reopening stores in idaho, south carolina, alabama, alaska today. the stock is up, not much, two bucks. they'll take it. $312 is your apple quote. big show coming up for you including an up-close look at tesla's brand new model y. this is the car elon musk is trying to build in fremont, california. if the authorities will let him get back to work there. we will show you the model y coming up for you. happening at the white house right now, vice president pence leads a video conference with governors on the virus response and the economic revival. any headlines, we will bring them to you real fast. the tsa reporting a 91% decline in airport screenings from a year ago. what is jetblue doing to lure customers back to the skies? we have the ceo on the show.

he's shortly. we will ask him that question. and the attorney for general michael flynn says president obama was involved in a plot to frame the former national security adviser. fred pleitz joins us next to respond. ements neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. memory, focus, accuracy, learning, and concentration. try neuriva for 30 days and see the difference. and people you can rely on. i'm a dell technologies advisor. me too. me too. me too. and if you're a small business, we're with you. we are with you. we're with you. we want to help. so we'll be right here. at home. answering your calls. providing support. and standing by you every step of the way.

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stuart: moody's releasing a list of cities that would be most able to recover quickly from the virus. give me the list, ashley. ashley: yeah, it's all about levels of population density. obviously new york city would not be on this list, but take a look from moody's. among the cities that they say could be poised for the quicker recovery, austin, texas, durham, north carolina, san jose in

california, minneapolis, seattle, madison, big university hub there, then you have des moines and omaha which of course have very spread out populations. we talked about this earlier. a viewer sent me a tweet saying it's interesting because quite in a few number of those cities are bastions of liberalism. he said let's see how they can do in getting a recovery going quickly which was a good point. stuart: a very good point. here's something i didn't really want to hear about but i know you will tell us. we've got a survey, small businesses, they see a long impact from the epidemic. what have you got on that? ashley: yeah. it's interesting, it was a survey done by a payroll company in california and they surveyed these companies and there you have it. 81% of small businesses believed that they -- there would be a longer impact of the pandemic, at least 12 to 16 months. 65% of those small firms that took part in this survey had already applied for federal aid.

that's a good thing. the biggest problem they have, liquidity. how can they save costs. they have to furlough workers. they are doing everything they can to stay afloat. the sooner they can get those doors reopened, the sooner they can get some actual revenue coming in. stuart: got that. ash, thank you. now this. general michael flynn's attorney had this to say about president obama's knowledge and involvement in the flynn case. roll tape. >> the whole thing was orchestrated and set up within the fbi, clapper, brennan and in the oval office meetings with president obama. maria: so you think this goes all the way up to the top, to president obama? >> absolutely. stuart: does it go all the way up to the top, president obama, absolutely was the response. fred fleitz is with us, former national security council chief of staff. do you believe this goes all the way up to the top? >> i do, stuart. good to be here.

there's a new study revelation, an e-mail that susan rice sent and it was a meeting on january 5th, 2017 when president obama asked her, vice president biden, fbi director comey, deputy attorney general yates, whether the administration had to turn over all the information it had on russia and we know it didn't, that president trump was never given a full briefing on what the administration was doing to investigate russia. comey admitted he hid information on what the administration was doing -- obama administration was doing to investigate russian collusion in the election to attorney general sessions, and this is so disturbing, i mean, really, twe have a principle called peaceful transfer of power. that means an outgoing president and his administration fully cooperates with the new administration, turns over everything, turns over control of the government, but in this instance, barack obama apparently conspired with senior

officials to withhold crucial information, crucial intelligence that the trump administration should have been told about and instructed career officers to continue to investigate trump officials after mr. obama left office. stuart: well, does that amount to the outgoing president deliberately undermining an incoming president to reverse the last election? does it amount to that? >> i think it does amount to that. we have an outgoing administration refusing to accept the legitimacy of the incoming president, withholding information. see, under the peaceful transfer of power, the obama administration was obligated to tell the incoming administration about all ongoing investigations, all intelligence operations, all intelligence it had collected, but withheld information on fies chsa warrann nsa collection against general flynn, it withheld all kinds of

information deliberately to undermine the transition and undermine mr. trump as president. stuart: that's putting it in perspective. that's a serious political scandal by the sound of it. i will change courses completely for a second. i want to talk about china. the latest report is that maybe china is hacking our vaccine data. now, that's on top of all the other stuff that we are learning about what they have been doing to us. i just want to go forward with this. at the end of the day, what do you think we will do to china, what do you think we will get out of china in recompense for what they have done to us? >> it's disturbing to see this report because the trump administration has been pressing china very hard on exploiting trade to steal technology to advance its economy, and in phase one of the trade deal that was announced earlier this year, china was supposed to crack down on doing that. looks like it is continuing to try to steal crucial technology

and i think china has a huge global public relations problem on its hands, because of a growing realization that it is guilty of criminal negligence, i think, in the way it handled this virus. this is simply more evidence that the world is going to come to that conclusion. i think the trump administration is going to have to use this instant to really put the pressure on china to cooperate with a full investigation of what exactly happened in wu hha. we have to have international investigate investigators, to go into the wet markets to see what happened. stuart: fred fleitz, thanks force joining us. we always appreciate it. >> good to be here. stuart: i will put toyota's stock up on the screen. reuters says toyota plans to cut north american production by about a third through the end of october. the stock is up ten cents. no real change there. auto nation, their chief executive says march was an absolute disaster but there was

a resurgence in sales at the end of april. the stock is up 2.5%. a new security flaw could affect millions of people. okay. is this another one? tell me all about it. susan: it goes to the intel thunder port that's available in millions of pcs sold before the year 2019. in the hands of an experienced hacker, all it takes is five minutes with a few hundred dollars worth of kit, screwdriver and portable hard drive and that's all it takes to basically hack into your computer, read, copy all of your data even if your drive is encrypted or your computer is locked and set to sleep. this is an evil maid attack meaning your computer is at risk either in the office or hotel room, that there has to be some physical access point in order to get this type of information in this hack to be i guess accessed. so what do you do? you increase your default settings to higher standards on your thunder port from intel or you can even just erase all of

this off your pc. but this sounds pretty scary, doesn't it? only a few small percentage of pcs are actually at risk. stuart: forgive me but i haven't a clue what you are talking about. it was a very interesting story nonetheless. susan: i explained it very clearly. stuart: you did. i'm just not a technical guy. you know that. how about this one. tesla's chief, musk, threatens to move his factory and car production out of california. the company is ushering in a brand new electric suv at that plant in california. we are going to show you that model, it's called the model y. it's made in california. we are going to show you what it is and how it works after this.

stuart: okay. i think -- >> -- had a conversation with vice premier liu he last week. we made it very clear it was our expectation that they meet their commitments. am i confident? it's their actions but again, as i said before, we expect that china will meet their obligations and if they don't, there will be very significant impacts to them not just with the u.s. but the rest of the world. stuart: it took awhile to get the sound bite rolling but you

just the gist of it. the treasury secretary taking a pretty hard line on trade with china. citron research's andrew left joins us. bottom line, i don't think you trust a lot of the chinese companies which are quoted on america's exchanges. you don't trust them, do you? >> it's not that i don't trust them for my personal reason. it's been proven. the amount of fraud that comes out of china to the stock market is beyond the cooperation that china has had with the u.s., it's been a complete joke. if you remember a few months ago, there was luckin coffee, a coffee chain with around 4,000 stores in china, it was overstating revenue by close to 40%. unheard of. i think that we have to be more vigilant about how we regulate the stocks in china. there's currently a stock called g gsx, it's a $10 billion company, and they are growing 300% and

profitable supposedly. everyone believes in the community, many people believe -- i won't say everyone -- it's a fraud and if it wasn't a fraud, it would be the greatest company since google in 2001-2004. the point is, with such lack of transparency, in the chinese companies, but they come here to get listed, to take our money, morgan stanley's the largest shareholder and they do that and it's just wrong. i think if you are one of the senators watching your show, i encourage you, call the ftc and look at gsx. stuart: have you shorted it? >> i'm most definitely short. i think the stock like luckin coffee goes to zero. i think it's a complete fraud. i have written multiple times on it. i have exposed more china fraud than any other publication, or right up there in the past 10, 15 years. i have never been more certain about one specific chinese company being a fraud than this one. stuart: outside chinese companies not being entirely truthful with their financial

results, do you think that we as a country should really go after china as a country because of the virus and their maybe covering up the origins of the virus and what they did about it? should we go after them? >> i mean, that's a big question. i don't think we should go after them at the expense of ourselves. i think we should leave that to people who have more -- who have more of an idea of the effect on the economy, the long-term political effect on it. i think instead of worrying about wars, we should right now worry about winning some battles. the first battle is cooperation and containing the virus with them. also, getting a dialogue that we don't get stock fraud from them or we get mutual investments and over longer term, do we retaliate? it's probably not the best thing for a country to retaliate. it's probably best for countries to cooperate and move forward. we can't put this back in the bag. it's a tough one and i'm not a politician. thank god for that one. stuart: i will drink to that.

now, let me get to tesla and elon musk. as you know, musk is threatening to leave california. what are your thoughts on that? >> i think musk is a wild card. so there's two things to it. as a stock, like i always told your viewers, i wouldn't buy the stock, i wouldn't short the stock, i would just watch the stock with amusement. that's probably been the best advice until now. obviously buying the stock would have been better but you have to have a level of comfort. as for him leaving california, i live in california. california has to become a more business-friendly state. maybe he's the one who's going to say it. but obviously, you know, we all know mr. musk has a lot of bark to him and he comes with some bite. let's see how we open up. no one make any rash decisions. we need to see how the next 60 days unfold before he says he will move his whole production plant to texas. stuart: andrew, thanks for joining us. i'm short on time. we appreciate you being here. see you again real soon. andrew left. thank you.

two marijuana companies, aurora cannabis and tilray, they report their earnings later on this week. susan, do you think their results are going to tell us how much pot people are using during the lockdown? susan: that's what's expected because at the highest of the coronavirus spread, there were three things people were hoarding, clorox wipes, toilet paper and yes, weed. record sales for the final two weeks of march, sales went up some 25% during that period. then according to analysis, it looks like pot buyers didn't come back until the middle of april. they hoarded up and they stocked up at the end of march, didn't come back until the middle of april and then we saw another weekly spike, up until the first friday in may. so some of these players reporting should be looking at increases when it comes to sales, especially those with storefronts in the retail branch. stuart: i think i got that one. susan: oh, come on. don't play coy with marijuana.

stuart: certainly not. certainly not. never. we are on dangerous ground, susan. we will move on. the nfl will play in the fall. some teams might not play in their home states. you know, ashley, i got a feeling las vegas, nevada could be a huge football city this year. is that possible? ashley: yes, it is. you are absolutely right. all sorts of hypotheticals out there which the nfl, you know, the administration are not happy about. but you've got to look at these things. what if no stadium's allowed to be open at all, even with no stands in california, then you have to head east and you could have the 49ers, for instance, playing at the stadium, sharing it with the arizona cardinals. then you have the new vegas nfl stadium that could, could also be a temporary home for the chargers and raiders out of california. by the way, there would just be one conflict. with all the schedules involved, one conflict in that scenario.

you throw in the l.a. rams, you would have four teams, vegas and three california teams, you would get 48 regular season home games under that scenario. so the league's saying don't do that, but it's kind of fun to speculate as well. stuart: it sure is. i would love to be in bellagio on the strip. that would be great. thanks very much indeed, ash. the market is coming back a little bit. not that bad -- not as bad as it was. the dow is off 150. that's about just over a half percentage point. s&p down a quarter percent. look at the nasdaq go. i think big tech is doing well today. the nasdaq is now up 35 points. better than .33%. couple of stocks i've got to mention here. first of all, lyft, big-time down, down, down. an investment firm has cut their rating saying hold on to it, don't buy any more, hold it. down 6%. that's lyft. do you remember this? long security lines at the

airport? you could be stretched out there for hours sometimes. we have a new report that says wait a minute, watch out for the future, because you could have to get to the airport four hours early. the check-in process, social distancing, sanitation, health checks, that could really back you up. we will talk about that and we will talk to the ceo of jetblue. they are showing off an air circulation system that they say will keep passengers healthy on board. the ceo, robin hayes, joins us momentarily. that's how he's trying to get them back on his planes. we'll be right back. (music)

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stuart: this is from forbes. it says air travel could require getting to the airport four

hours early in the future, that is, for health screenings and social distancing. lauren, i don't want to hear it but tell me more. lauren: well, this is one of the possible changes for flying during coronavirus. you have to make room for the social distancing and make time for it. that could be four hours. also, take a look at this. you can't bring any bags in the cabin. they are going to have to have some form of sanitation. will they go under uv light, what happens to the bags, so they're cleaned. the lounges of the airport will be closed. self check-in, you don't touch any of the screens. it's probably all done on your phone. then some airports like the vienna and hong kong airport, they are also leaving time to give certain passengers coronavirus tests at the airport, plus health passports so documentation that shows you're clear to enter a country. all this takes time and patience. you might be asked to get there

four hours early. stuart: i'm not known for patience, especially when i'm trying to get on a plane. lauren: me, either. stuart: maybe we have all learned a little patience in the lockdown. i haven't. i don't think you have. but maybe some people have. all right. lauren: well, i know. a lot of people are going to say it's easier and cheaper to drive. stuart: ain't that the truth. all right. i'm going to show you a video that shows how air circulates on a jetblue plane. see how it goes, over the top, looks like under the seat. the ceo of jetblue is robin hayes. he's a frequent guest on the program. he joins us now. robin, i understand you are going to move heaven and earth to get people back on your plane. i'm sure you are going to have to do social distancing. you might even have to do health checks. you've certainly got this new air circulation system. i put it to you, let's be honest here, it's going to be years before you get people back on a plane the way they used to get on a plane, in the same numbers, in january and february of this

year. >> hi, stuart. good morning. i'm sorry i can't be over the river with you in person but it's great to come on your show again. the honest answer is none of us know. this is unprecedented. what i do know is that the airline industry and jetblue is going to work extremely hard in giving people the confidence that we are taking a number of measures to keep them safe. so -- stuart: robin, let me interrupt you for a second. i see some airlines saying look, we are going to keep social distancing by no middle seat. what is jetblue going to do? >> we have been doing that actually for awhile. we were one of the first airlines to come out and say we would not book the middle seat. in addition, we were the first airline in the u.s. to come out and say that if you want to change your flight, we will allow free change fees.

we are sanitizing our airplanes, i think like the cockpit doors after 9/11, that will be a permanent change. we were the first u.s. airline to ask both our crew members and customers to wear masks. so all of these things i think go together to give people a sense of safety from the ground up. stuart: what do you make of this report that maybe it's going to be four hours getting to the airport before your flight? four hours of waiting in future? what do you make of -- >> i don't know -- stuart: you can't take a bag on the plane because it's got to be sanitized? >> to me, the more time people are spending in an airport comingling actually, you know, reduces safety. i think for me, it's how do we get people through the airport as quickly as possible, as safely as possible, with as few touches as possible, then on to the airplane. stuart: give me an example, please, of a flight on jetblue that i could book today at a

huge discount. because that's a pretty good way of getting me back on a plane. >> well, i think that's a layup. you know we are known for low fares. you know, our schedule is about 10% of what we normally fly, so we are flying about 100 flights a day. we normally fly 1,000. i tell you where we are seeing quite a lot of interest. people taking advantage of future holidays, labor day, thanksgiving, the holiday season at the end of the year, and they are booking those early now. the prices are pretty good. stuart: could you fly me from newark to florida round trip in a rotten seat, i don't care where it is, back of the plane, i don't care, can you fly me newark to florida round trip for $300? >> well, i don't have the prices in front of me. i'm sure we can. i think fares have been a lot lower than that, actually.

and there's no rotten seat on jetblue. we would have a problem meeting that part of your request. stuart: i knew that would catch your attention and i shouldn't have said it in the first place. sir, it's always a pleasure having you on the show. i think you are in a difficult position but you are struggling to get out. we wish you the very best. we really do. >> thanks, stuart. stay safe. stuart: sure thing. thank you. carvana, the stock is down because another used car seller online, vroom, is going to file for an ipo so it will rival carvana. carvana down nearly 2%. this is interesting. look at this. the theater company amc, way up, 33% higher. why? because there's a report that they, amc, have been talking to amazon about a possible buyout. amazon's up to $2400. now we've got a 34% gain on amc entertainment. only a select few customers got their hands on tesla's new

model y before the california plant was actually shut down. they are trying to reopen it but it's not open yet. we found one of these model ys. we will show it to you. the electric crossover goes from zero to 60 in 3.5 seconds. my kind of speed. that man will show it to you after this. as someone with hearing loss i know what a confusing and frustrating experience getting hearing aids can be, that's why i founded lively. high quality hearing aids with all of the features you need and none of the

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stuart: elon musk threatens to move out, tesla production, out of california. he's been fighting with local officials about reopening the fremont plant. now, if he were to move, if he were to take his car production elsewhere, susan, which other states would like to have him? susan: texas, nevada, utah, georgia, they all raised their hand saying why don't you come here instead. that's because tesla contribute about $5 billion to the california economy, supporting 51,000 jobs and suppliers and other parts of the indirect job economy. utah, texas, georgia, nevada saying come here instead. don't forget, nevada already has a giga factory and they paid $1.3 billion in tax incentives to get that battery factory over there. that was 15th largest nationally and have foregone property taxes, seas tales taxes and som that's probably the allure you

need to bring another tesla facility to your state. the biggest in history, you will like this, is the one that boeing signed with washington state, $8.5 billion in total incentives. stuart: that's called real big incentive. eight billion. i would take that. thanks, susan. staying on tesla. kurt knudssen is with us. he has a close-up view of the tesla model y, which is made at the fremont plant in california. what have you got there? reporter: good morning, yeah, just north of us here, that 5.3 million square foot facility is shut down. alameda county is where the argument is. according to elon musk as he tweeted over the weekend, still trying to get that back open, saying that the governor here in california is letting him do it and at the center of elon's frustration is this car. this is the brand new tesla model y. how did we get it? well, a few owners were able to get them before the factory shut down. this vehicle starts at about

$52,000, goes zero to 60 in about 3.5 seconds, which is pretty incredible. let me show you inside here, stuart. the car is simple but this is why analysts think this car is going to sell incredibly well, because it's a well-designed suv crossover. that category is super popular. this 15 inch screen, that's the dashboard. that's the entire thing you got in this car. if you back out of this car, you see you can get a lot more space built off of this model 3 platform which is their other successful affordable model. cargo space is pretty decent here. but honestly, this car, preorders are through the roof. however, you simply can't deliver them because there's nobody there to make them. stuart: kurt, one last detail which you missed out. electric cars have fantastic acceleration, real pickup. what's the pickup, the acceleration like on the model

y? reporter: so dual motors inside of this, zero to 60, 3.5 seconds. pretty fast. stuart: that will pin you to the back of the seat. that's a fact. thanks very much indeed. good stuff. all right. more "varney" after this. . . . look, this isn't my first rodeo...

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making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. stuart: tomorrow, please, don't miss this. shelley luther will be with us. that's the lady who was jailed in dallas, texas, because she

opened her salon before the authorities said you can open your salon. she wouldn't apologize for it. so the judge sent her to jail. she went to jail. now she is free. she is on this show tomorrow. my time is absolutely up, unfortunately. but neil, sir, it is yours. neil: what is weird about it. the judge demanded the apology. not enough to break order did o. stuart: shelley is a real american. she is on the show. neil: look at concerner of wall and broad. we're selling off a couple of competing news. markets have been waiting the latest heightened anxiety between china and the united states but they will have to pay for some of these coronavirus lies. that is the view we are getting. that is reinforced with comments peter navarro made at the white house. h