maria: looks like we will get a rally in about 30 minutes at the opening of trading. thank you, dagen, jon, steve. have a great day. have a great day, everybody. thanks for being here. see you tomorrow. "varney & company" begins right now. stu, take it away. stuart: good morning, maria. we are looking for that rally. good morning, everybody. look, let there be no doubt. there is a full-scale revolt in progress against draconian lockdown rules. the revolt is gathering steam and the authorities are having a hard time coping with it. exhibit a, elon musk. in defiance of the authorities, he has reopened his tesla factory in california. he's not been arrested and the sheriff has not closed down the plant. he's defiant. in pennsylvania, businesses in six counties threaten to reopen early. in one of those counties, the legal authority says they're not

going to prosecute. the governor calls these businesses selfish. president trump goes to pennsylvania on thursday and later on this program, we will have numbers from businesses in states that have allowed a partial reopening and i'll tell you now, business is good. moments from now, we have shelly luther with us. she's the salon owner who went to jail for opening early, an american hero on this program today. one hour from now, dr. anthony fauci begins his virtual testimony before congress. reportedly, he will say opening too early means needless suffering and death. the democrats will try to drive a wedge between dr. fauci and the president. we will have, by the way, the latest on the explosive revelations coming out about what president obama was doing to instigate and set off the russia collusion mess. turns out joe biden was in the key meeting. he was asked about it this morning. he did not have convincing

answers. the status of joe biden's candidacy, the markets' stunning recovery, obamagate. we've got it all. "varney & company" is about to begin. ♪ stuart: how many times have i heard that? oh, yes, disney is hoping many of you will be their guest starting in july. that's when they are planning to reopen disney world and other parks. lauren, come in, please. what's the plan for this reopening? lauren: as you said, they are accepting reservations for the theme parks and the resorts in july and if they follow the blueprint, which is shanghai, there will be social distancing markers, temperature checks, masks for everyone, characters and guests. if you also look at the calendar, when china closed their theme parks, they opened back up three and a half months later, well, disney closed

middle of march and if they open in july, that's about three and a half months. so shanghai, that opening yesterday was a big success and disney world is looking to follow that. stuart: i agree, lauren, it's symbolically very important that disney is thinking about opening in july. that's a message to all of us. thanks, lauren. i want to get to the headline from morgan stanley. they are now predicting a v-shaped economic recovery. in other words, they have gone right back up again. art laffer is with us. are you on board with a v-shaped recovery? in other words, a vigorous recovery starting real soon? >> let me just tell you, i'm not into the medical stuff. i read it, love it and i'm not into the political stuff of what's happening with flynn but economics is my gig, and that is very true. morgan stanley's results are exactly what i believe. i think this president, this administration, has done a great job on the economy and anyone wants that economy to last, this president is probably the best president for the economy i have

ever seen. it's just amazing and i think morgan stanley is showing that when they do the v-shape but the stock market is even a better forecaster, stuart. what you're seeing, the stock market is -- remember, it went as low as 18,000, then bounced back. the stock market is the single best predictor of the future. the stock market tells us what will be, not what has been. it's an unbiased efficient forecaster and the stock market is telling us this is going to be a shallow dip and a quick recovery and i couldn't be more excited than i am. stuart: hold on a second, art. i will get to you in a moment. mike murphy is with us. look, this v-shaped recovery for the economy and this huge recovery in the market, that is dependent upon president trump winning re-election, isn't it? >> stuart, it's absolutely necessary for president trump to win re-election because if you look at joe biden, i don't think the first thing i believe he would look to do is just

dismantle everything that president trump has already put in place and the trump administration so anyone who is betting on an economic recovery, in a sense is betting on trump. stuart: morgan stanley did say that the economy rebounds but then the stock market is likely to see a 10% down side move before the end of the year, before rallying back at the end of the year. are you in line with a pullback in the near future? >> i would love a phone call from them if they could let me know when that 10% is coming and when it's going to rally back up from there. no, stuart, i think that's getting a little too cute. i think if you believe in the economic recovery, look as art was just saying, look at what the market is telling you right now. we have had a huge bounce in the market. i believe that we are going to see companies like you mentioned disney coming back online. wall street will look out a quarter or two quarters at the coming earnings and we have president trump's stimulus

coming in on top of that. this market is poised to take out year highs before the end of the year. we will have new highs in the market. stuart: glad you're with us this morning, mike murphy. that's good stuff. thank you. i want to come back to art laffer. joe biden's got real problems. they seem to be getting worse. moments ago, he was asked about what did he know about the flynn case while he was vice president. watch his answers. roll tape. >> i know nothing about those moves to investigate michael flynn, number one. number two, this is all about diversion. this is a game this guy plays all the time. the country is in crisis, we are in an economic crisis, a health crisis. we are in real trouble. i thought you asked me whether or not i had anything to do with him being prosecuted. i'm sorry. i was aware that there was -- that they had asked for an investigation. stuart: fox news confirms another document dump that may expose obama officials who were behind the unmasking of flynn. that's coming up very soon.

i have to ask you, art, do you think that joe biden is the candidate to face donald trump in november? will he last? >> not in economics. not in economics. what you just played on the tape there reminds me as you know, i was in the nixon white house. you know, this type of subterfuge and dissembling is not republican or democrat, it's political. when i see that, i'm just amazed. but when you look at biden on economics, it makes no sense. biden clearly was bad on economics before and will be bad on it again in the future and he doesn't have the strength, he doesn't have any private sector experience, for goodness sake. he started off in politics as a little baby. he doesn't know what it's like to earn a buck or pay a paycheck. he doesn't understand that stuff. and it shows. when you want good economics, if you want this economy to prosper, biden is not the guy. there are a bunch of democrats who are good but biden's not one of them. stuart: all right. we will leave it at that. i want to say thank you to art

laffer and mike murphy. good stuff this morning, this tuesday morning. thank you, gentlemen. let's talk about elon musk and tesla. look, we are talking about revolt here. susan, musk has reopened his factory in california. the sheriff didn't close it down. he is the poster boy for revolt in california. susan: it's a showdown between big business and government guidelines to reopen. yes, elon musk tweeting this late on monday, saying he is restarting the alameda production and goes against the county rules. i will be on the line with everyone else and if anyone is interested or arrested, i ask that it only be me. musk is upset that his only car factory in america, in fremont county, has been shut down while his rivals in michigan, general motors and ford, have been allowed to restart manufacturing on monday next week. he says what alameda is doing goes against governor newsom's guidelines on reopening which essentially allows manufacturing to restart and he says the stay

in place orders are fascist and it goes against the american way. as for business itself, we know tesla's parking lot has been full. furloughed workers have been asked to come back and they will submit a specific site plan later on today but alameda county says you still need our permission and it might come with misdemeanor charges along with it. stuart: that should be fun. susan, thank you very much indeed. stock check for you. simon property group, up 8%. full disclosure, i own a thin sliver of that stock. they are the largest mall operator in the country. half their malls will be up and running this week. their profits were down 20% in the first quarter. that's the virus, obviously. they have bounced back this morning to the tune of 8%. $59 on simon property group. another of those biotech companies, novavax, up 65% this morning. they received $384 million from bill gates to develop a vaccine

for the virus. the stock is now at $40, up nearly 16 bucks. listen to this. fox business alert. in less than an hour, dr. anthony fauci will testify in front of the senate health committee. he's expected to warn that we would experience quote, needless suffering and death if the country reopens too soon. dr. fauci will be there along with cdc director robert redfield, fda commissioner stephen hahn, hhs assistant secretary but democrats led by senator schumer, they will make the hearing an opportunity to make president trump look bad. watch this. >> until now, we have mostly heard from the members of the coronavirus task force through the distorted lens of the white house press conference, where the president often prevents them from answering fully. this will be one of the first opportunities for dr. fauci to tell the american people the unvarnished truth without the president lurking over his

shoulder. dr. fauci, let it rip. stuart: let it rip, he said. we will be following that hearing for you. it starts at 10:00 eastern. check futures. we've got a nice rally. it's a modest rally, let's be honest. it's up about 100 points for the dow, 10 for the s&p, 30 for the nasdaq. the price of oil, where is it this morning? it's up, what, 2%, did you say? up 2% in the mid 20s per barrel. energy secretary dan brouillette is going to be with us. oil demand is up because the country is reopening. he's got to like that. he's on the show. vera bradley getting ready to reopen nearly all their stores by the end of next month. the ceo joins us in the 11:00 hour. here's a question. why should i go to the store if i can buy everything online? and i can. all right. casper's ceo is with us, too. they are an online mattress seller. he's cutting jobs and those jobs, are they going to come back?

we'll see. first, get this. the texas salon owner released from jail after defying the state's lockdown order, she is here. she is live. shelly luther, an american hero in my opinion, is up next. i'm greg, i'm 68 years old. i do motivational speaking in addition to the substitute teaching. i honestly feel that that's my calling-- to give back to younger people. i think most adults will start realizing that they don't recall things as quickly as they used to or they don't remember things as vividly as they once did. i've been taking prevagen for about three years now. people say to me periodically, "man, you've got a memory like an elephant." it's really, really helped me tremendously. prevagen. healthier brain. better life. and wells fargo employees are assisting millions of customers never before across america through fee waivers and payment deferrals,

helping people stay in their homes through mortgage payment relief efforts and donating $175 million dollars to help hundreds of local organizations provide food and other critical needs... when you need us, wells fargo is here to help.

>> thank you guys so much. i'm a little overwhelmed and i don't want to scare the kids. i'm okay. i just want to thank all of you who i just barely met and now you're all my friends. you mean so much to me and this would have been nothing without you. stuart: that was a wonderful moment shelly luther left jail. she was thrown behind bars for reopening her salon in dallas

early. the authorities stepped in to reverse the decision. she was set free, as you can see. there's been an outpouring of support from across the nation. republican senator ted cruz stopped by her salon to get a haircut. ted cruz spoke to sean hannity about it. here's what he had to say. roll it. >> i got to say, what happened to shelly luther was a disgrace and i felt embarrassed for my home state of texas that this happened in texas. number one, seven days in jail for cutting hair is nuts. that's just crazy. you've got local officials cross the country that are releasing violent criminals, releasing murderers and rapists and child molesters because of covid-19 and we're going to lock up a small business owner because she's opening up her business? that doesn't make any sense. stuart: shelly luther was attacked on "the view." whoopie goldberg insisted that luther should apologize for her actions. well, shelly luther is with us right now. joining us on "varney & company." shelly, you are a hero.

great to have you on the show today. but let me ask you this. let's get right at it right from the start. you are accused of putting your community at risk because you opened up early. what do you say? >> i would say that that's false. if the government or city officials feel like they can open home depot, walmart, the pet grooming store, people can get botox fillers, go to the dentist, where you're reaching in people's mouths, if we are practicing very safe, sanitary measures, then i don't see how i'm putting the public in, you know, in jeopardy more than any of the other companies are. stuart: you took all kinds of precautions when you opened your salon. i think everyone wore masks, is that right, gloves? did you take temperatures, that kind of thing? >> yes. we did. we are not wearing gloves. we are sanitizing and/or washing our hands before and after every client and we are having every client do the same.

but yes, we had chairs sitting six feet apart outside. no one was waiting. there were no magazines inside. of course, we talked about hand sanitation. everybody wearing a mask before they could come in. we do have an infrared thermometer so yes, we were taking all the precautions, on top of all of the other sanitation guidelines that are already required by the state. stuart: now, forgive me, but here's another accusation. that you set this up. that you ripped up the cease and desist order in public and that you were on camera when the judge said apologize, you said no, and you went to jail. did you sort of set yourself up? is that a reasonable accusation? >> no. all of this happened -- i mean, most people that know me, i'm just a very regular, real person. if i'm not working, a lot of times i don't even leave my house. i'm kind of a homebody. so for all of this to happen is

very surreal and i was not contacted by anyone before all of this happened. i made all of these decisions myself. so to say any of that is pretty crazy to me. stuart: okay. i agree with that, by the way. i had to ask the question. how's business now that you're out of prison and i take it you have gone back to work? >> oh, yeah. the salon has been open since the 24th. and the stylists are back to work. they are happy to be back to work. even with all the publicity and crazy things going on, we are just happy to have our family back in the salon. stuart: any regrets of any kind? >> no. i don't regret anything. stuart: are you going to take any political position in the future? >> you know, i haven't really decided that. that's not something i even think about. i kind of live and follow my heart as it goes. right now, we are just interested in going to help the girls -- the two girls that got arrested in laredo. we are on our way there for a rally tomorrow.

of course i started my new charitable foundation called courage to stand. you can see that at courage to stand.com. any contributions that i have received, i am going to give back in full for people that don't have, you know, a voice of their own. we are going to stand up with them. stuart: shelley luther, we think you are a hero. we really appreciate you being on the show today. thanks very much for being here. appreciate it. >> thank you so much for having me. stuart: see you soon. thanks very much. now, i've got more positive news on the reopening of the country. this positive news comes from new york. ashley, tell me. ashley: yes. stu, it's my dog deciding to bark right at that moment. we are on the other side of the mountain, says governor cuomo. which is good. that means phase one for certain regions of new york can start to reopen. those three regions, by the way, the southern tier, the mohawk valley, the basic requirements

means you have to see a reduction in the number of new cases and the number of deaths for 14 straight days. that, in fact, is the case in some regions of new york. the overall death toll for the state is high at 26,600, but as you can see on the screen, these are the regions that meet the requirements. construction, manufacturing, wholesale supply chain, these are the folks that can start to reopen, some retailers on curbside pickup. as you can see, you have to enact worker health screenings. you don't just open the doors and say come on in. observe social distancing. adjust hours. follow strict cleaning guidelines and of course, employees to wear masks. they are going to see how this goes for two weeks. then if everything goes fine, they will go to phase two which would include professional services, finance, retail, real estate. but i should point out mr. deblasio, the mayor of new york city, says in the city, there will be no expanded reopening of nonessential businesses until at least june.

stuart: do you remember that video from south korea where a young man was trying to do a report and his young children ran into the studio or into his living room? i thought maybe one of your grandchildren would come running in at some point but it was your dog that barked. well, that's all right. ashley: my furry child. yes. stuart: thanks, ash. we will see more of you later. the rally holds. look at that. i see green across the screen. up 120 for the dow, up 40 for the nasdaq. it looks like a modest rally. we will take you through it after this. these days, it's anything but business as usual.

that's why working together is more important than ever. at&t is committed to keeping you connected. so you can keep your patients cared for. your customers served. your students inspired. and your employees closer than ever. our network is resilient. our people are strong. our job is to keep your business connected . it's what we've always done. it's what we'll always do. i come face to face with a lot of behinds.

so i know there's a big need for gas-x maximum strength. it works fast. relieving pressure, bloating, and discomfort before you know it. so no one needs to know you've got gas. gas-x and let me tell you something, know yrodeo...t gas. i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit.

other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. you've probably been investing in your home for years... 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: here's proof that online shopping really surged during the lockdown. we've got the numbers to prove it. take me through it, ash. ashley: take a look at the digital economy as we look at the month of april, with so many of us in lockdown. no big surprise that overall, you can see overall sales on the worldwide web up 43% in april according to adobe analytics. a lot of parcels arriving to a lot of households. as we look at the daily online grocery sales, up 110% between march and april.

safer to stay at home and have it brought to you. online spirits sales, those up 74%. also, look at that, 74%, that's actually between march 11th and april 21st. stuart: that was just you. ashley: part of that was me. i was going to say -- you read my mind. buy online, pick up in store, up a whopping 208% year over year in april. that too is a popular option in these days of the pandemic. but those are the numbers in april. quite remarkable. stuart: what did you do with your dog? have you banished her or him to the backyard? ashley: gracie has been banned upstairs in another room. so she's in disgrace right now. stuart: i'm sure our viewers would love to see gracie make an appearance at some point. ashley: all right. okay. stuart: just saying. ashley: we will try and arrange that. stuart: just saying. look at this. on your screens, ladies and gentlemen, plenty of green. i think one of the themes of the program today is america is

opening up. people are doing good business where they have opened up. the economy is being juiced by an awful lot of federal reserve money and congressional money, taxpayer money, and this economy, according to one analyst, at morgan stanley, top guy, he says it's a v-shaped recovery. in other words, we were down, down, down in march and most of april, but we are going to go back up again by the late summer. a v. the market just loves that and we are up 130 points. that's the futures. but again, i keep going back to this. look at the level, consider the level. in late march, we were at 18,000 on the dow. as of right now, what is it, march -- may the 13th, i think it is, we are at 24,200. mike murphy said earlier on the program new highs, all-time highs, by the end of the year. the nasdaq, by the way, that's already in the plus column for

this year, 2020. there you go. i was waiting for the bell to start ringing. it is now ringing. that means there are seconds to go before we actually start the trading day. it's tuesday morning. here we go. three seconds, bang, it's 9:30 eastern time. where did we go in the very early going? this is what we always like to see. how do we start. we have no idea how we're going to finish but we know we will start on the upside. a gain of 110 points, almost a half percentage point. everything's green, left-hand side of the screen. except for two, three dow stocks. 27 of them are up. the s&p 500, that is on the upside to the tune of .33%. ten-point gain. the nasdaq composite, tech has been doing real well, that's up .33%, 9,200. i want to show you disney, because you can now make a reservation at disney world in florida for july 1st or later. this is the great opening up, had disney opens up, that's very

symbolic for the rest of the country. by the way, their disney springs retail and entertainment center, that's going to open may 20th. disney's stock is back up to $109. tesla, they are making -- they are trying to make cars. the plant has been opened in fremont, california. that defies the local county's lockdown order. in a tweet, elon musk says he's willing to get arrested to keep those cars a'coming. he's not been arrested. the plant has apparently been reopened. the stock is up 23 at $834. then we have the simon property group, largest mall operator in america. that stock is up 8%. lauren, what's the story? it's a reopening story. what is it? lauren: about half of their shopping centers will be open this week. so with that and the company committed to paying dividend because they did report earnings yesterday, profits fell 20% because their shopping centers were closed for much of the quarter but now with news that they are planning to reopen

about 100 properties by the end of the week, the stock is up 8% and this is what simon property group said that resonated with me. they said look, we'll reopen, it's up to the tenants to then reopen and the consumers must follow. so this is the path to which we open the country and get customers spending money again. so those tenants can stay in business. stuart: it's a reopening story. that's what's going on here. it's across the board, it's a reopening story. dow is up 156 as we speak. take a look at the airlines. they are probably not going to be doing very well. i take that back. they are up a fraction. yeah, i mean a fraction across the board. american holding down at $10 a share. boeing's chief executive has given an ominous prediction. ash, what's the ominous prediction? ashley: yes. that a major u.s. carrier will go out of business, he believes. dave calhoun was on the "today" show and said he believes that

something will happen around september. why? because at the end of september the government's payroll protection money, government help will run out and he believes the damage is so great that at least a carrier, u.s. carrier, will go out of business. he says maybe by the end of the year, air travel will be recovered maybe 50% but he said we won't see the level of growth in air travel recover until 2025. so all sorts of ominous predictions from the ceo of boeing. stuart: understandable. but that's a long, long time frame. that's for sure. all right. casinos, look at caesars, please. have they got a plan to reopen and if so, what is it? susan: the most aggressive plan on the strip since we know caesars has been accepting reservations for may 15th and beyond. the las vegas strip has been shut since mid-march. now the governor of nevada hasn't actually given a game plan in terms of when they will actually open but some expect that smaller casinos like caesars might restart on may

15th along with other businesses as well along the strip, but the big casinos are being a little more conservative, the likes of for instance wynn is penning in a may 22nd reopening, mgm, a lot more conservative, saying they will open june 1st. look, caesars went into bankruptcy in 2017. they are burning through intense cash and losing about $9.3 million a day. so some would say caesars, because they only have liquidity of $2.5 billion, the weakest of the bunch and probably wants to restart as soon as possible. stuart: i just want to know what it will look like round the craps table. susan: there will be less people. people will be wearing masks. the dealers will be wearing gloves and masks themselves. you have temperature checks expected to get in to the casino. they are also possibly looking for a testing site nearby along the las vegas strip. yes, things are definitely going to look a lot different for the 40 million that travel to vegas each and every year. stuart: 40 million. good lord. okay. check the market overall. we are still firmly in the green

all across the board. the dow is up better than a half percentage point. the theme of the day's program is we are opening up. business is good. the fed is pumping in the money, congress is pumping in the money. we've got a v-shaped prediction for the economy from morgan stanley. dow is up 130. the ten-year treasury. what does that yield? .71%. i call that a positive. when the yield goes up it means that money's coming out of treasuries, a little bit of it, going to the stock market which is now up 120. price of gold still around 1700 an ounce. that's where it is right now. the price of oil, i think we've gone to $25.55. pretty good price there. by the way, the president just tweeted on the price of oil. here we go. crude oil prices going up ass saudi arabia cuts production. our millions of jobs are starting to look very good again. at the same time gas prices at record lows. like a big tax cut.

the best of all worlds, transition to greatness. of course, we do have the energy secretary on the program in about a half hour from now. dan brouillette. we are watching the pot stocks. marijuana stocks. check tilray, a canadian cannabis company. the stock is down 5% but ash, i always thought a pot company would be pandemic-proof. ashley: yeah. i think you're right. tilray did post a loss of $184 million. however, they do believe they could be profitable by the end of the year, and they benefited from some stockpiling that went on in march ahead of the lockdowns. sales were up more than 80%, for recreational, just less than 20% was for medicinal sales. revenue up year over year 126% and up 11% from the previous quarter. they have seen those sales drop off a little bit in april, but

still stronger than they were in january and february. you gave me wine and spirits, now you are giving me marijuana. i'm not sure what you are trying to say. stuart: just waiting to see gracie. that's all. ashley: okay. stuart: put a little pressure on, okay. we've got a vaccine winner. it's a vaccine story. the story is about novavax, up 54%. it is a vaccine story, isn't it, lauren? lauren: and a stock story. look at this, up 54% today. the coalition for epidemic preparedness innovation have given novavax $388 million to fast-track one of their vaccines. vaccines for coronavirus. this will absolutely support the scale, nova vax says they can manufacture up to one billion doses next year. stuart: do you have an update on

moderna? lauren: take a look at the stock. the news is very good. the fda fast-tracked designation for their vaccine phase two trial and phase three, they are finalizing the protocols for that now. while the can sstock is down 5% today, it is up 242% this year because of vaccine and treatment hopes. certainly a winner although there is some give-back today. stuart: i've got to tell you i'm really confused about vaccines, treatments and tests. it's so complicated. there are so many companies in the field. i don't know where to go with it. vaccines, how far away, end of the year or into next year? are they 100% reliable? you take an antibody test, you test positive, what happens to you? you go into quarantine? i don't know the answer to these questions. anybody got any answers? ashley: i don't, because it's all scattershot right now. johnson & johnson says they could have something available next year as a vaccine but it seems there are a lot of people

working independently. we get a stream of news every day but nothing we can really get a handle on. stuart: all true. okay. got to wrap this up because we got to go to a commercial. thank you, everybody. back to you later. i'm calling it the biggest political scandal certainly in my lifetime, put it like that. we may soon know just how much former president obama really knew about the flynn case. fox news has confirmed that a new round of documents is expected as early as today. all i know is it can't be good for joe biden because he's now being pressed on this very issue. watch this. >> i know nothing about those moves to investigate michael flynn, number one. number two, this is all about diversion. this is a game this guy plays all the time. the country is in crisis. we are in an economic crisis, a health crisis. we are in real trouble. stuart: but joe biden was at that meeting in january 2017. he was at the meeting. i think it's just one more problem for joe biden's candidacy. first, though, first on fox

business, casper ceo is here. he's cutting jobs in the pandemic. i want to know are those jobs going to come back? the ceo of casper's mattress people joins me next.

stuart: all right. this is just coming at us. we are confirming that vice president pence will quote, maintain distance from president trump for the immediate future. pence's aide katie miller tested positive for the virus last week. the vice president continues to work at the white house but he will maintain that distance. that just coming to us right now. also breaking. president trump tweeting this moments ago. california should let tesla and elon musk open the plant now. it can be done fast and safely. there you go. let me have a look at twitter's stock, please, because susan, i think they are taking steps to cut back on misleading virus information. what are they doing? susan: misinformation, that's right. they will add labels and warning

messages on some tweets that have disputed or what they call misleading information when it comes to covid-19, they say on monday. once they prove that this actually works, this might be extended to other topics in the future on the social media site. so they will also provide links to more information, cases they think that the actual tweet risks harm, especially in these conspiracy theories where some of the people have been told to drink bleach to cure covid and then confusing also when it comes to theories that relate to 5g. so there's just so much to view on social media right now. this is the latest from twitter. we know facebook and google have been looking at third party panels to maybe dissect and run through what they call misinformation and label whether or not this is actually a bogus theory or actual free speech. i think it's really a tough position to stand when you are one of these three big media sites because what is free speech and what exactly is protecting the public. stuart: with a billion posts

every hour, how do you police the lot? very tough call, that's for sure. now, i would have thought that during the lockdown, a cereal company would do very well. i'm talking general mills here. after all, if you are locked down, an easy breakfast is cereal, is it not. am i right? did general mills do well, ashley? ashley: they did, and it is an easy breakfast. a lot of people stocked up on cereals and other long-lasting packaged foods. general mills saying that it makes cheerios and also big in the pet area. blue buffalo pet foods say they expect to beat their own expectations by the end of the year. they already raised their earnings forecast in march and they say even though things are slowing down a little bit, as the restrictions ease, they are still well ahead of pre-virus levels. general mills saying the stocking up of cereals and other package foods have really done them a good job and they will have a pretty good year.

stuart: here's another company i would have expected to do well in the lockdown. that is casper. they are the online mattress people. they did report their first quarter earnings, big jump in revenues, up 26%. their ceo, philip krim, joins us now. this is his first interview since the ipo. thanks very much for being with us. you've got a problem here because in february, you ipo'ed at $12 a share. now you are down to around six bucks. i thought the virus would help you more than it has. go ahead. >> well, thank you for having me. you know, for us, we have been very pleased about the performance of the business in 2020 and i'm certainly not an expert on the stock and how it's trading but i do know the business performance, and it's been performing very well throughout the year in q1 and as well into april. stuart: well, your revenues were up 26% and your stock is down 13% today after making that announcement. i think the street was expecting

better. i'm also reminded that you are going to stop your production of your operation in europe, you are laying off 20% of your corporate staff, you didn't get any government funds, i don't think. you are a publicly traded company. you're not in that great shape, philip. >> i would disagree. we have a business that's performing well. we were up 26% in q1. we talked about our quarterly call this morning, how april, our overall business net revenues were up 15%, our e-commerce business was up 35% year over year. we are well capitalized thanks to the ipo that you mentioned where we raised $88 million in escrow fees so we think we are in good position to take share from our competitors and to continue to provide great sleep products to north america which will be our focus as you mentioned. stuart: okay. look, you are cutting corporate staff. 20%. you are cutting back in europe. are you going to slim down

permanently? there's a lot of industries which have been hard hit here. they slimmed down temporarily but it looks like you are slimming down permanently. >> so we take the philosophy of hoping for the best but planning for the worst. when covid-19 hit, it certainly hit hard in all markets. we took what i think was decisive action to reduce our cost basis so that we would be well prepared to navigate this, however it may play out. i still think we don't know how it will play out for the rest of 2020 and into '21 but i think we took actions to make sure we are well prepared in any of the scenarios that we contemplate, and so far as i mentioned, we have seen our business hold up and be really strong throughout q2 thus far, and obviously we talked about q1 as well. stuart: when we come through this virus and emerge on the other side, will the mattress industry be exactly the same as it was couple of months ago? or do you see any changes, fundamental changes coming? >> the mattress industry

historically has been a very durable category. so i think it's going to hold up very well. if anything, what we are seeing now is a tail wind of consumer demand for folks who are investing into their home, investing into feeling comfortable and safe, and part of our thesis is that casper is becoming the world's first sleep brand and as people double down on their overall wellness, people are exercising and focusing on that, people are eating well, we think sleep is going to continue to be an area of investment and covid-19 has reinforced to people that wellness is important, health is important and having i great night of sleep is key to that. that's where casper comes in. we think that's in part of what's driving such strong demand for casper products so far. stuart: philip, we want to thank you very much for being on fox business with us today. good stuff indeed. we thank you again for being here. philip krim, casper. thanks very much, sir. president trump doubling down on what he calls obamagate. he believes the former president set in motion the russia, russia, russia fiasco,

specifically the treatment of general michael flynn. this is a fast-moving case. sources say u.s. attorney john durham is moving full throttle on his review of the whole russia probe. elon musk in revolt. he's going against california's rules on reopening tesla's headquarters. he doesn't care if he's arrested. our tesla bear, gordon johnson, joins me next on that. here's the thing about managing multiple clouds for your business. when you've got public clouds, and private clouds, and hybrid clouds- things can get a bit cloudy for you. but now, there's the dell technologies cloud, powered by vmware. a single hub for a consistent operating experience across all your clouds. that should clear things up.

stuart: i want to focus real fast on tesla which is currently over $800 a share. gordon johnson is with us. he's the analyst who said tesla was going to go straight down. it has not. it's gone straight up to $822. gordon, i've got one minute. you tell me where tesla, where you think tesla is going from here. >> just yesterday, china put out data on tesla car sales in china. car sales in china for the month of april were less than 400 cars, down from about 11,000 in march. that's significantly below expectations. most importantly, tesla's factories in both fremont and shanghai right now, we believe, are down, we believe that's going to cause a significant cash burn. tesla reported a cash balance of $8 billion but when you adjust for the money that's stuck in china, both from a credit

perspective and from a non-repatriation perspective, we think tesla's cash flow is closer to $1 billion to $2 billion as of march. we think right now, tesla is very close to a capital raise. stuart: okay. >> significant slowing of growth and imminent capital raise because they are running out of money will put the story into better perspective. we think that's happening soon. stuart: okay. gordon, i'm sorry we are out of time. you have made your case again. we will await tesla's decline. we are not seeing it at the moment. it's at $825. here's what else we've got for you happening moments from now. dr. fauci testifies before the senate. he's expected to warn everybody that needless suffering and death awaits us if the country reopens too soon. we are on it. we will cover it all for you. we'll be right back.

. .

stuart: it is 10:00 eastern we're back with a business alert. the president very active on twitter. moments ago he said this, as long as other countries are receiving the benefit of negative rates that is interest rates, the usa should also accept the gift. big numbers. that is about the federal reserve and negative interest rates right out of the blue from the president. happening this hour, dr. fauci, three other members of the coronavirus task force virtually about getting back to school. edward lawrence is with us. we know what dr. fauci will say, what is he going to say?

reporter: he will tell the committee reopening too quickly could cause unnecessary suffering. that is what he told "the new york times" in an email there, saying in his testimony he is going to say we need to be cautious how we open this up. he will get pepper with questions in that room, virtually i should say in that room, how safely to reopen the economy going forward. he is joined by the director of the cdc, also the fda director and assistant secretary for health and human services. now investors will be watching this testimony very closely to see clues when consumer spending will come back because that is that security and safety that might go through here. if consumers feel safe, then they could spend more on the back side of this. that would be a more robust rebound and that is what investors will be looking for within this testimony from fauci. but again he is going to tell the committee there could be unnecessary suffering if we

don't open up everything quickly and don't do it safely. stuart: that is interesting, edward, if they're looking at the way consumers come back to businesses they are waiting to reopen, do they feel safe. that is exact opposite of what "times" is saying, needless suffering if we open too early. you can tell -- reporter: st. louis fed basically came out and said same thing. we can't have the shutdown economy. this is not economic problem. this is a virus problem. you need to reopen safely and dot risk management, mitigate the risk so consumers feel safe to start spending. that is what i want to hear about. stuart: bill cassie, republican from louisiana is with us now. senator, i think there is a political divide. you're on the panel, on the health panel. i think democrats want to drive

a wedge between president trump and dr. fauci, divide the two, i think that is what is going on here? >> there mite be what is going on but there are questions that have to be asked in granular level. we have open the economy but thread the needle. reopen the economy but at the same time protecting public health. tough say more than do more testing. you have to have a granular testing protocol a testing plan. you can thread that needle. what i want to hear what is the granular plan to thread that needle. stuart: i don't understand the testing, senator. honestly, i'm completely lost. let's suppose to get in, i don't know, get on a plane for example, i have to have an antibody test. i don't understand it. if i test positive for antibodies am i back in quarantine? can you explain what is going on to me? >> there has to be a so-called testing protocol. first to your question specifically, an antibody would reflect you have been previously

exposed, you have now recovered, you are most likely immune getting reinfected in the near future. an antibody, if you will, is a ticket on to the plane. stuart: okay. >> the more problematic, we have a real time virus test and you test positive, what is the protocol for that? we ask someone not to travel or if they travel use extra protective equipment. we have to have the protocol. it has to go beyond more testing, on basic this is what you do with this particular test in this particular situation, thread that needle, reopen the economy, do it safely, protect civil liberties. stuart: you will be asking about that this morning, senator? >> i will be. stuart: senator, we'll follow it. senator bill cassidy republican from louisiana. thank you very much. >> thank you. stuart: i am calling this a revote. elon musk opened his factory in california against county restrictions. he has not been arrested. i will call that a revolt.

president trump tweeted about it. here it is. california should let tesla and elon musk open the plant now. it can be done fast and safely. let's move on to pennsylvania. a half dozen counties want to reopen but the state's governor says you are cowards. listen to this. >> these folks are choosing to dessert in the face of the enemy. they need to understand the consequences of their cowardly act. the funding we put aside to help fighting crisis will go to the folks doing their part, that includes the cares act funding which will be used to support counties following the orders. stuart: whoa, he will deny funding, medical stuff for counties which open early? that gentleman on right-hand side is scott shellady, he has been calling for the reopening of the economy all along. you have. what is your thoughts on the revolt. >> oh, i'm happy that it its happening. i have family there still locked up in illinois. i said to them all along, at

some point in time the general public is going to start to set the tone. that is happening in pennsylvania. it is going to happen in illinois. why can't we talk about the death and suffering and destruction on the other side of the ledger if we don't open up? why can't we talk about not having a choice whether we open up, we have to open up? i know when i want to come back in my next life, stuart. i want to come back with a doctors has an economy degree. that is what we're missing. stuart: why is nobody talking about the social cost of a lockdown? you are locked into the house with abusive person. you're an alcoholic. you go back to the drink. drug problem, child abuse problem, nobody mentions that, whatsoever. no mention at all. >> you have all this time. so have i. stuart, you can do the studies, because of higher crime, higher poverty, higher sue suze, everyone% rise in the unemployment rate kills 2 1/2

and 4,000 americans. that is an empirical number. if you say we have unemployment rate spikes by 20% you do the math. there is significant cost on other side of the ledger, you've been talking about, i been talking about, nobody wants to care about, it is unseen deaths, not the ones on your screen every day. stuart: scott, i want you to see what shelley luther, the lady freed from a texas prison that opened salon earlier, she was on the show on this program earlier today. roll tape, please. >> the government or city officials feel like they can open home depot, walmart, the pet grooming store, people can get botox fillers, go to the dentist, you're reaching in people's mouths, if we're practicing very safe, sanitary measures, i don't see how i'm putting the public in, you know, in jeopardy more than any of the other companies are. stuart: scott, i am with her. what is wrong with reopening responsibly, take all the

precautions you like but let consumers have the choice of the risk they want to take what is wrong with that? >> that is the american answer, right? you're own free will. here is where i get frustrated too, stuart, a bunch of states over the weekend, on sunday restaurants were closed, on monday they were open. is everybody all of sudden safe on monday? what has changed from sunday to monday? nobody really looking at ridiculousness of how these governors letting businesses either fail. they're picking winners and losers. i agree one hundred% with her. if you look at common sense of it all, it doesn't add up that is the frustration you will see in pennsylvania and illinois i believe. stuart: revolt. thanks for joining us, see you later. good stuff. we've lost some of the rally. we were up over 100 on the dow. now we're up about 50. the s&p's turned negative and nasdaq is down about 1/3 of 1%. how about caesars, gam blunk company, they're looking to open

may the 15. that is aggressive opening schedule. there might be temperature checks. stock is up 3%. el dorado resort, they showed strength before the pandemic and then a sharp drop i don't have. they still plan to merge with caesars by next month. they're up 8%. even bright, ticket sellers, concerts, event bright, i didn't say it right, event bright, ticket sellers, that the virus will continue to disrupt events. they're down 16%. lauren, disney plus, that is what i want to know about. one analyst predicting big growth? lauren: they have 54 1/2 million subscribers now. lockdown is good for business. they're saying in five years they will have 202 million paid subscribers. this according to digital tv research. so number two, only behind

netflix at 258 million paid subs. amazon in third place. hbo max which has not even launched yet in fourth place. apple tv in last place at 14 million subscribers. lockdown is good for streaming. do the subscribers continue to pay those monthly fees? according to this research, yeah, they do, it continues to tell. stuart: only time will tell as they like to say. thanks, lauren. by the way disney is taking reservations for disney world and other resorts, starting in july. they're coming back or trying to. they will do temperature checks for disney. that is part of the plan to reopen. grady trimble is doing check of thermal temperature scanners that may be used here. what have you got for me, grady? reporter: this company outside of chicago, takes your temperature as you walk in.

take as many as 40 people's temperature at the same time. let me show you how it works. this is the camera. looks like a panda. we have a shot showing you what this camera is seeing. if we take that, it has a green box around my head. you can see my body temperature externally. this is already in place at auto manufacturing facilities as well as meat processing plants and food and beverage plants across the country. the idea is if we can scan people as they go through, it is an extra layer of protection. it doesn't necessarily replace masks, gloves and hand washing but it is a way to get people quickly through, set the external body temperature. if they set this thing off, they can be taken aside and asked a further questionnaire. several companies already has this in place. they say at least six people already triggered the system, they have been taken aside

because their body temperature was a little higher than the recommended 97, 98 range. stuart: got it. thank you very much, grady. oil, i'm not saying it is surging today, but hit the mid 20-dollar per barrel range. saudis are cutting production, we know that. energy secretary dan brouillette will join us later in the hour. the theme is reopening the company. demand is up because we're reopening the economy. big part of reopen something testing. a guest says he has taken two antibody tests with two different results. what does that mean? where dawes that leave him? we'll tell his story. my take on joe biden, turns out biden was in a key meeting when president obama instigated the russia collusion mess. he was asked about it this morning, he didn't have a convincing answer. you will hear it all after this.

want to brain better? unlike ordinary memory supplements 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.

so we're working 24/7 toected maintain a reliable network, to meet your growing internet needs. we're helping customers who are experiencing financial difficulties stay connected. we're increasing internet speeds for low income families in our internet essentials program. and delivering self-install kits to your door. nos comprometemos a mantenerte conectado. we're committed to keeping you connected. for more information on how you can stay connected,

visit xfinity.com/prepare. stuart: joe biden is stuck in his locked down house. you don't hear much prohim. he hasn't held anything that might be remotely called a press conference in a long time and the problems that beset him are actually getting worse. all right, democrats are circling the wagons but they have got to be worried. of immediate concern is the bombshell revelation that joe biden was in the white house meeting where outgoing president obama sewed the seeds for the russian collusion fiasco. joe was in on the plot, i will call it that and more documents will be revealed very soon. at some point he will have to open up to some serious questioning n a presidential election campaign he can't clam up forever. listen to the conflicting kind of answers that he gave to good morning america today. roll tape. >> i know nothing about those

moves to investigate michael flynn, number one. number two, this is all about the diversion. this is a game this guy plays all the time. the country is in crisis, we're in an economic crisis, a health crisis, we're in real trouble. now i thought you asked me whether or not i had anything to do with him being prosecuted, i'm sorry. >> okay. >> i was aware there was, they asked for an investigation. stuart: okay, just wasn't clean cut. sooner or later he has to have some serious questions asked. also of immediate concern, his vice-presidential pick, it has got to come soon, as he said, it has got to be a woman. that is a big problem. his pick will have to say she believes joe and tara reade. that sets up the charge of gross hypocrisy. allegations against republicans must be believed. allegations against democrats, can be what, sidelined? speaker pelosi says she is not talking about it anymore. that is not going to work long term. this brings up the question of

joe biden's ability to communicate, stuck in his basement. he is not very good at it. when he tried to break out with a virtual rally for tampa, florida, it was a disaster. the technology did not work. he looked absolutely lost. where is the enthuse as i am for biden candidacy. i live in trump hating new jersey. you think joe would get enthusiastic support, i haven't seen it. not a single bumper sticker or sign, not one. during the primary bernie drew the crowds. the party has not come together behind joe. no wonder democrats are worried but what will they do? stick it out, go into the election they desperately want to win with a flawed candidate. or somehow push him aside and bring in somebody else? that sounds really farfetched, doesn't it, but this has been a tumultuous year, full of totally unforeseen events. nothing is out of the question, nothing. just saying. so let's bring in brad blakeman.

you're laughing, serious question, what are the odds, handicap it for me that joe biden is is or is not the candidate in november? >> i think they're stuck. he is the candidate. you know, barring any unforeseen health issue, joe biden, they're stuck with him. he reminds me of punxsutanwey punxsutawney phil. i call him punxsutanwey joe. he is stuck in the basement you burrow not to be seen. he doesn't held regular meetings. when he does do events they're a disaster. when he emerges from hillsborough only shadow he sees is trump. trump is out there working with personal sacrifice of his own safety and safety of the staff every day. joe biden thinks he can emerge and suddenly garner the support of the nation that is not going to work. being against trump is not

enough to get yourself elected. stuart: i want to go back to the interview he gave this morning on "good morning america." he was asking questions about the flynn investigation. fox news says, look, he fumbled the answers. liz cheney says joe biden looks like bide own, obama, susan rice are getting very nervous. ken starr says what did obama do, when did he do it in the michael flynn investigation. i don't think that is going well for him. i think there are some more documents to be revealed. is it possible that could be the item which pushes him out of the race? am i going too far? >> no, i don't think pushes him out of the race because i don't think anything would happen to him with regard to a criminal investigation or charges but he does have a lot to answer for. what did know and when did know it? he was in the oval office. i'm sure this wasn't the only meeting regarding flynn. the president was getting complete updates. he directed the fbi to do this investigation. he tried to scuttle president trump's victory as a candidate.

then he tried to scuttle him as a president. after he was elected. then of course democrats tried to remove him. this has been a concerted effort from the beginning to today to try and damage the president, remove this president. it is not going to happen. joe biden is the guy going to remove the president at the ballot box. stuart: why do i see in head-to-head matchups joe biden defeating president trump in november? >> because we have this -- [inaudible]. very long time in presidential cycles. the nation is divided. probably more divided than it has been in decades. and so you are going to see pre election, mickey mouse, see pretty close election, that is what the country is. at the end of the day i think president trump is elected -- [inaudible] stuart: sorry to cut you off in your prime, brad, i'm afraid your audio it breaking up.

we see you moving but can't exactly know what you're saying. we know exactly what you're saying. all right. president trump is blocking government retirement funds from investing in chinese stocks. now there's a story. brad blakeman -- blake burman. i'm sorry. blake, i am so sorry. i'm getting mumble mouth on a tuesday morning, go. reporter: brad blakeman and blake burman back-to-back. don't worry stuart, i get his emails about once a month. this happens all the time. i want to bring your attention to two letters, quickly. first off this one right here, sent by national security advisor, robert o'brien, larry kudlow, over to labor secretary eugene school legal yaw. federal retirement savings should not have any exposure whatever to chinese equities. couple reasons why. first it cites national security concerns. first china's handling of covid-19 and any potential fall

out that might come from that. what happened after that, the labor secretary sent off this letter to the head of the federal retirement thrift investment board saying president trump does not want $4.5 billion of federal retirement savings exposed to a fund that invested in chinese equities, and, we want your response. we want your moves, we want you essentially to get out of it by wednesday, meaning tomorrow. we reached out to the board. a spokesperson over there this morning, they did not have comment to any of this, to be completely fair to them, this letter was sent and received by them late last night. so they have to figure all of this out. bottom line that president trump does not want federal retirement savings to have any sort of exposure whatsoever to chinese equities. thinking there being, not only is it a liability, but it could potentially help out china as well. stuart: we hear it. that would be blake burman joining us and blake, thank you very much indeed. we appreciate it.

thanks very much. we were up 100 when we opened this morning. now we're up 68, 70 points. fractional loss for the s&p. fractional loss for the nasdaq. here's a question. if you opened your restaurant in a state which allows some relaxation of the rules how is business? what have you got for me, susan? susan: open table says it is down significant still, because there are capacity constraints, 25 or 50% of customers are allowed back in. georgia, down 92% in terms of restaurant operations. utah 90%. nebraska, 90. texas down 80% each and oklahoma rounds it out down 82%. as i mentioned there are constraints. georgia reopened but only 10 patrons are allowed within 500 square feet. texas, only 25% capacity allowed in the restaurant. tennessee down 50%. nashville only joined reopening

monday. people are coming back. that is pretty much the expectation we'll not get back to normal life right away. stuart: i think that was the expectation. so long as we're coming back from the absolute lows of mid-april. i think that is true to say, we're coming back from there, if you have reopened. susan. one much these time constraints. got to go. sorry about that. major league baseball owners approved a 2020 comeback plan. the players don't like it. we might not see the games because of that. we'll tell you all about it. our next guest underwent two antibody tests and got two different results. what's going on? we'll try to make sense of it after this. ♪ ♪

♪ and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide.

eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. you've probably been investing in your home for years... 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: i'm going to say this is a mixed market at this stage, up defend on the dow, down a fraction on the s&p and nasdaq. no clear trend. now this, our next guest runs travel point website a travel website. he took the virus antibody test twice with different results. brian kelley is the points guy and he is with us right now. what is this, you took two tests one is positive, one is negative, where does that leave you? >> confused for sure but i hope my positive test is the one that is actually true. that was the quest diagnostics

test they released to public. anyone can pay to get it done. it was actually a full vial of blood but the most recent one, i figured i would do a drive-through quick test, the pin trick, that came back negative. i have more questions than answers at this point. stuart: why did you take these tests in the first place? >> so you know, travel is a part of my business. everyone will have to make a personal risk assessment whether you want to travel again. the vaccine is not coming anytime soon. i figured if i had the antibodies i wasn't spreading the virus. that would allow me to get back out on the road with a loyal more peace of mind. stuart: where are you now? what are you going to do now? you have conflicting results. are you getting on a plane? >> i think the tiebreaker, i talked to my doctor, the roche test is supposed as accurate as they come. the only problem is, my doctor doesn't even know where to get it. there is so much confusion in the marketplace right now. i'm worried that there are a lot of labs out there profiteering off of this with lousy tests,

just to make a quick buck. so it really stinks for consumers trying to get some clarity. stuart: it really us did. hold on for a second for me, brian. i have to deal with something else. i will get back to you in a second. ryanair, start with that, big-time budget carrier in europe, ash, when will they get back to normal? i think they're talking about it. ashley: they are indeed. july 1st, they say they will have 40% of their normal schedule up and running. now they're doing 30 daily flights from ireland, the uk and europe. ryanair ceo eddie wilson says after four months, time to get europe flying again. they will operate a daily schedule starting july 1st of almost 1000 flights. that is encouraging. time to get going. it will be different. passengers have to wear masks. fewer checked bags. download the boarding last to

the smartphone. all those things you should be doing. getting back up and running, 40% by july 1st. stuart: we hear it, ash, thanks. you remember this picture? a jam-packed full united airlines flight. no social distancing. it caused furor on social media when that picture appeared. lauren, what is united saying about it now? lauren: well after a doctor that volunteered in new york was flying back home on that flight and sent out that picture, united has answered. there is no reason right now to make passengers to feel anymore nervous about flying. united will notify all passengers if the flight they are about to take is full. what does full mean? for the most part 70% at full capacity. you will be notified. you can then rebook on another flight or take a credit. that is what united is doing. as you can see from that picture, the middle seat is not blocked. that is 85% full flight

according to united. stuart: i just wonder how many people will actually rebook and how many people will take the flight anyway? we don't know that yet but i would be interested in finding out. brian kelley, why don't you come back into this? when do you think we'll get back to the same passenger levels we saw in january and february? is it going to be years away? >> i think to get to those same levels definitely years. yesterday we had 200,000 people going through tsa. that is 10% of what it was a year ago. you know the big problem is international travel. even if people get comfortable flying again, there is very high likelihood in europe you won't be able to travel to a lot of countries. so international and business travel are the biggest segment hit t will be a long road to recovery. stuart: you know 200,000 people who went through the tsa lines yesterday, i think it was, that is way more than the 80,000 that we were at, i think that was in mid-april. so it is coming back. okay, not quite where we were

but coming back rapidly. >> it is coming back but just to get to the millions level will take a while. but i think leisure travelers are coming back. people are sick of being locked up at home. i definitely see domestic travel bouncing back. i would see southwest airlines poised to resume similar to ryanair. they're mostly within europe. it will be tough for big carriers though. stuart: brian, good luck with anymore testing you go through. thanks very much. i will move on to sports. major league baseball owners, they have approved a plan to start the 2020 season, but, ashley, the players don't like it? ashley: they don't and the players union has yet to sign off on it. what the owners have looked at is an 82 game season. spring training starting sometime around mid-june, with the first game on the 4th of july at empty stadiums. they would use, each team would play in their own division.

as for interleague games, they would keep it regional. they wouldn't travel a whole lot on interleague games. you won't have west coast teams playing east coast teams. the post-season would expand to 14 teams, by doubling number of wild card games. they have the option of spring training in their own stadium. one team, the toronto bluejays may end up playing the season in their spring training ground in florida. as it stands the players don't seem to like that proposal. stuart: i hear you. thank you, ashley. the governor of idaho announced plans to give cash grants to 30,000 small businesses in that state. it will cost a total of 300 million. what i want to know, why is he doing that? he is on the show in our next hour. a gym owner california calling on governor gavin newsom to lift state restrictions on gyms. he makes his case next on this program.

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. tums ver(bell rings)la stick when heartburn hits fight back fast... ...with tums chewy bites... beat heartburn fast tums chewy bites

confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours at letsmakeaplan.org.

stuart: dr. anthony fauci gave his opening statement. edward lawrence was following for husband. what did he say, edward? reporter: dr. fauci saying there are multiple candidates going forward for vaccines. also related to the treatment of the virus going forward. he says we're looking at a timeline of maybe winter before we can see possibly the results of the phase three, that is the end of the testing related to the vaccine on this coronavirus. that is earlier than expected, earlier than he said before. also the head of the cdc was there and he has testified, he said basically you have to have extensive and rapid testing in order to reopen the economy. he says there must be extensive testing as well as critical transmission to see where the virus is going to be able to lock down those segments if it gets out of control in those localized areas. he says the cdc is working with local governments right now to come up with the testing program

so the country can basically open when it is ready. back to you. stuart: thanks, edward. whatever is being said in that testimony is not affecting the market. we're still fractionally higher for the dow. a 34-point gain there. fractional loss for the s&p and a fractional gain for the nasdaq. this is a flat, to no clear trend market. we have equinox gyms, i think they're a luxury, almost nationwide gym chain, they have a plan to reopen. susan, tell me what they're going to do. susan: definitely high-end, once they start reopening there will be more safety precautions involved. staff health checks. that means limited club capacity. for members, that means three 90 minute work outs each week. additional workouts are available only on stand-by. personal protect equipment and contactless check-ins.

gold's gym who filed for bankruptcy doing that across tennessee, wyoming, have again, i guess restarted their economies. soulcycle has also started reopening some of their gyms and some of their facilities but again with safety precautions in place. orange theory doing that in georgia. if you're an equinox gym member, i used to be one, paying $300 a month, i would be upset limiting my work outs to only three appointments per week. stuart: $300 a month? >> that was global gym membership. that was access to equinox gyms around the world f i'm only three workouts and i'm on standby basis i would be upset in terms of where my money is being spent. stuart: i understand entirely. 300 a month is 300 a month. a gym owner in california is calling on governor newsom, to lighten up, i want to open. the owner is with me now. he won't let you open in

california but if you could, how would you open? what would your gym look like if i could walk inside and work out. >> good morning, stu. so that's a really good question. first of all governor newsom, and all governors out there need to differentiate between big box gyms like equinox, golds gym, and la fitnesses and boutique studios such as ours, orange theory et cetera. our fit boot camp ones we opened up in georgia, texas, utah, we have a program called train in place, which means we have taped off an eight by eight square inside of every fit body boot camp location. there are 10, eight by eight squares. within the square is equipment you work out with the session. our coaches run that session, that class, if you will. we sanitize our clients. we make sure they use purell before they come in. we spray down with a bleach and water dilution just like the cdc

calls, one part to 100 parts of water. their shoes, so they're not bringing any contamination in. we created a thorough 25-page document on our website, fit body boot camp.com. how we don't cross-contaminating clients and with a touchless system. we need governor newsom to recognize the difference between big box gyms and boutique gyms, treat us separately than they do with other big facilities. stuart: in businesses like in pennsylvania, for example, which want to open and which say we'll defy the authorities, we're going to open, the governor of that state has said you're cowards and, i'm not kidding, that is what they're saying, you're exposing people to risk because you've opened early. what do you say to that? >> well i say that is absolutely untrue because not exposing people to their desired lifestyle, working out, being

active, community involvement, is causing depression. it is causing anxiety. it is causing increased blood pressure. diabetes is going up. we're talking about the covid-15, covid-20, weight people gained on average in eight weeks, 15 to 20 pounds. what is repercussion versus letting us train safely, sensibly, in a environment we can control? stuart: you make a very good point. i hope you represent your case forcefully. fit body boot camp, that thank you. president trump slammed president obama, inassisting the former president was involved in a crime, watch this. >> "obamagate," it has been going on a long time. it has been going on before i even got elected and it is a disgrace that it happened. if you look what has gone on, look at all the information being released and from what i understand, that is only the beginning. stuart: and now, obama

administration officials reportedly behind the unmasking of, michael flynn, general flynn. brian kilmeade. he is fired up about this and he's next. (music) save hundreds on your wireless bill

without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online.

once you activate, you'll only have to pay for the data you need- saving you up to $400 a year. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. it's the most reliable wireless network. and it could save you hundreds. xfinity mobile.

stuart: we turned south across

the board but by not much. fractional losses for the three major indicators. let's check big tech. always like to check them. they have been running for years. apple up, facebook up. microsoft down a fraction. mixed picture today. no clear trend for the overall market. bang, it is 10:51 eastern time that means it is time to join brian kilmeade. he is the host of "the brian kilmeade show. see if you can sort this out for me, brian. i know you're fired up here. "the wall street journal" says that the intelligence chief has declassified the names of obama officials who unmasked michael flynn. explain what that means, please. >> well, what it means is, michael flynn is the incoming national security advisor and when he talks to the ambassador from russia or the united arab emirates or from mexico, you can listen to the ambassador, you can't listen to the american. unless of course there is an unmasking done by a sitting administration to find out who that is. you wonder why. why is everyone listening or

about to get the additional names to what the incoming national security advisor is about? by the way, who else were you listening to? ric grenell, the acting director of national intelligence, also still the ambassador to germany, went in there and just turned, flipped the table over and is deciding to get to the bottom of all this after 3 1/2 years, to find out if the administration that is called it quits in 2016 was trying to make sure that the trump administration was hamstrung for the next four years. stuart: certainly looks that way. looks like it went all the way to the top. it looks that way, got to say that. but the big point to me here is, joe biden was in that meeting in the white house. >> yes. stuart: when all of this was revealed. he was there. now where does that leave him? what did know about this, the general flynn affair because that set off the whole russia, russia, russia fiasco? >> absolutely. think about this. if joe biden says i was hands on

every step of the way, after all i handled h1n1 and i handled ukrainian policy, i was liaison to the government. fine. that is good, showing you're ready to be president. now tell me that the role you played in investigating the incoming trump administration. i don't know, it beats me. i didn't do anything. i knew about it. i wasn't asked to do anything. isn't that convenient. he was asked by george step stephanopoulous. no, sir hag to do with that. george stephanopoulos has the answer to all democratic questions ahead of time. i was really there i didn't do anything. this is important not only to look back what happened, joe biden is technically the opponent for president trump. look what that opponent did in office. by the way, on h1n1, which ended up good for the administration, ron klein, the chief of staff for joe biden, who ran this operation, said we did good but it was nothing we did. we got lucky.

so joe biden a had one opportunity toe defend his pandemic response. he hopped on a morning show not to fly because if you sneeze, those germs go through the fuselage, you are all going to get sick, he destroyed the airline industry for six hours. that is joe biden in times of crisis. making important deception. stuart: his problems are mounting, left, right, center. whether it is in the flynn affair. whether it is his son and china and ukraine and sexual assault allegation and the problems with choosing a vice president. look, i will go out on a limb and in my opinion it is 50/50 as to whether or not joe biden is indeed the candidate in november. where do you stand? >> i stand this. he is going to be the candidate because of the pandemic. he doesn't have to go out and really under achieve for the next six months. he will really get there in august. you know who runs for president? barack obama. you saw it in the ad, rolled out

today about the h1n1 response as opposed to this response, it is all barack obama. he is basically going to do it because his legacy is at stake. i will factor in something else. i do actually think joe biden is winning in most battleground states and on the national poll. everything you said today is correct, stuart but still there is something out there that people are still pulling for joe biden. it is up to trump to find out what that is. stuart: i haven't seen any enthusiasm. have you seen a single lawn sign, have you seen a single bummer sticker anywhere? i haven't. >> no. but you know what you could be. anti-trump is joe biden. if you don't like the president you like joe biden f you're a republican never got on board you like joe biden. donald trump's election will be won or lost on the pandemic response and how quick the economy stands up and we all know when the president wants to know how the economy is doing, it is 1-800 stuart varney, "varney & company" every day. that take the pulse of the

people right here. stuart: well-said. brian, you're all right, man. i love your radio show too. that book? fantastic. >> thank you. stuart: brian kilmeade. see you soon. how about this the price of oil, 25, $26 a barrel. i will talk with the energy secretary in a moment about this, 25, 26-dollar a barrel oil? he is the energy secretary and he will be cheering on a rise in the price of oil. where have you ever seen that before? he is with us in just a moment. you will also have my take on the stay at home resvelte revolt against stay at home. people want and need to get back to work and we're all over that story. back after this.

now more than ever, you need technology you can rely on. 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. bye bye.

their medicare options...ere people go to learn about before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised to learn that one. a medicare supplement plan helps pay for some of what medicare doesn't. that could help cut down on those out-of-your-pocket medical costs. call unitedhealthcare insurance company today... to request this free, and very helpful, decision guide.

and learn about the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. this type of plan lets you say "yes" to any doctor or hospital that accepts medicare patients. there are no networks or referrals to worry about. do you accept medicare patients? i sure do! see? you're able to stick with him. like to travel? this kind of plan goes with you anywhere you travel in the country. so go ahead, spend winter somewhere warm. if you're turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. thumbs up to that! remember, the time to prepare is before you go on medicare! don't wait. get started today. call unitedhealthcare and ask for your free decision guide. learn more about aarp medicare supplement plan

options and rates to fit your needs oh, and happy birthday... or retirement... in advance. stuart: precisely 11:00 here on the east coast. the markets have recovered a little ground. now we are up on the dow, up on the nasdaq, a fractional loss for the s&p. that's where we are. today, two more states easing restrictions. colorado, state parks and campgrounds can begin to reopen. ohio, retail stores, they will open salons and restaurants in ohio on friday. here's a sign that things are gradually, maybe in the future getting back to normal. disney world florida taking reservations for july and the hotels are starting to fill up. look at this. the pop century resort has had more than 150 reservations made in just the last 24 hours.

not bad. we rare also following the lockdown revolt across the country. earlier on the program we talked to shelley luther, the dallas salon owner who was thrown in jail for reopening too early. she says she doesn't regret it. watch this. >> if the government or the city officials feel like they can open home depot, walmart, the pet grooming store, if we are practicing very safe, sanitary measures, then i don't see how i'm putting the public in, you know, in jeopardy more than any of the other companies are. i don't regret anything. stuart: i'm calling it a revolt. you'll have more on this in about 15 minutes when i do my take on it. right now i want to talk about oil and gas, specifically the price of gas. what have we got, the national average $1.85. lauren, where is the cheapest gas in the country on average? lauren: oklahoma. oklahoma is $1.49 on average a

gallon. but no matter where you look, although gas prices are going up, because people are burning more gas, because the economy is reopening, gas is still about $1 cheaper now no matter where you are than it was last year. in fact, i looked at the california numbers, because these are always so high. this time last year, stuart, $4.07 to il fill up out there. now, $2.77. that's more than a dollar less. stuart: yes, it is. they have really come down. okay. i love cheap gas. i don't know why but i do. every day that i go past the gas station i look at the price, i think there it is, deflation. i just love it. the oil drillers on your screen now, they are reopening some wells. i'm not sure how much. susan, they really need to reopen, don't they? susan: they do. they think that prices have actually bottomed, according to energy transfer which is a big pipeline giant. they pipe a lot of the oil that they produce. they say that the permaneian ba has reopened oil wells again,

just around 8% of the oil volume though was shut at the start of this month and 25% of that they say has now come back online. have we seen the worst of oil prices? yes, they say. even though we saw negative prices for the first time in history for the front month contract and where do they see oil prices going, maybe around 20, high 20s to low 30s seems about right for a lot of these oil drillers to restart production. we know president trump for his part says that oil production should be i guess trimmed by two million barrels in order to keep the prices high for everybody to survive, but a lot of people say you are not going to get two million alone here in the u.s. so far only 600,000 barrels have been committed to be taken off the market. stuart: okay. they want more. we will see about that. saudi arabia is going to cut production by a million barrels a day. that would be in june. ash, the president is tweeting about that this morning, right? ashley: he is indeed. in fact, let's get right to it. the president tweeting this, says crude oil prices going up

as saudi arabia cuts oil production levels. great energy companies with millions of jobs are starting to look very good again at the same time gasoline prices at record lows. like a big tax cut. the best of all worlds. transition to greatness. there you have it. the president liking what he sees. by the way, the output from saudi arabia down 40% from april when they tried to wipe out the frackers here in the u.s. by just pumping out the oil but now they are cutting back. interesting to see how many can survive or have survived during this period. stuart: yes. interesting, though, they are going to cut back more in june and the price of oil goes up a buck a barrel right now. that's 4%. 25 bucks on oil. energy secretary dan brouillette is with us now. mr. secretary, you've got a smile on your face because the price of oil is going up as the economy reopens. i never thought i would interview an energy secretary who was pleased to see the price

of oil go straight up but you are. >> thank you, stuart. great to be with you. i have a smile on my face because we are beginning a transition to greatness as the president said this morning. that's what's really exciting about this particular economy. what we are seeing in the markets today are stability. that's what's important for these energy companies to survive this pandemic and to explode with economic activity on the other side of this pandemic. that's why i'm smiling today, stuart. stuart: we are -- it's not just the saudis cutting production in june. it's also our economy beginning to come back. one of the themes on our show for a long time has been opening up business is doing quite well when it opens up. forgive me, but i think the demand for gasoline is going up sharply if i'm not mistaken. >> sure. it's climbing up. we are enjoying really low prices as your previous guest just reported on. we saw some numbers today from the labor department, the consumer price index down

roughly .8%, but importantly, gas prices are down 20% from the prior month. so as the president has pointed out, that's a tremendous tax cut for american consumers. as we begin this transition, as we begin to reopen this economy, that's going to be a boon for consumers all across the country. stuart: in north dakota, they are going to close their largest power plant and i believe it's a fossil fuel power plant. they are going to use wind instead. is this -- do you see that as the future of energy in america? >> no, i think the future of energy in america is going to continue to be a diversity of supply. we need all forms of energy. wind energy, solar energy, they are important components in the delivery of electricity all throughout the country. but it's important that we maintain a diversity of supply so we are going to need natural gas, we are going to need nuclear energy as well. that's what gives us the low prices. it's the competition in the marketplace. it's the choice that consumers have for the provision of their

energy. that's what forces prices down. stuart: where do you see coal in this equation? >> i think there's still a bright future for coal. we have seen a transition away from coal for the production of electricity in the united states in certain parts of the world, but there are other parts of the world where coal is a critical component to their electricity generation. so there's still growth markets in asia, growth markets in africa. importantly as well, there's an important role for coal to play in the provision of critical minerals for the development of battery technologies as we go forward. stuart: when all this is done, when we emerge on the other side of the virus, will we still in america be the energy giants of the world, dominant in energy globally? >> there's no question about that, stuart. there's absolutely no question about it. the united states energy industry is strong, it will remain strong. it remains strong for a number of different reasons. we are blessed with enormous resources here in america but more importantly, we are blessed with innovators in our industry.

and they will continue to lead as they have done for the past three, four, five decades, perhaps even longer. stuart: you just got to get the economy open as soon as you can. dan brouillette, energy secretary, always a pleasure. thanks for joining us, sir. we appreciate it. >> thank you, stuart. stuart: yes, sir. grub hub. the stock has been halted. the stock has surging on reports that uber is planning a takeover. it has now reopened, i'm told. it's moving, it's up nearly 30%. okay. uber interested in grub hub. that's interesting. we have reached out to uber, they have declined to comment. okay. that's the status there. grub hub is up 30%. luckin, that's luckin coffee, chinese coffee operation, they have fired their chief executive officer and chief operating officer amid the stock fraud probe. that's luckin coffee. all right. breaking right now, dr. fauci

answering questions at the senate hearing. edward lawrence following it for us. edward, what is he saying to the questioners? reporter: yeah, the head of the infectious disease at nih is basically saying there are multiple candidates now for a vaccine going forward. he says that they identified the vaccine on january 10th and four ca days later they started vaccine research and he believes phase three trials when they could see widespread to see if the vaccine actually works, could be finished by early winter. positive news on that front. also positive news on the treatment. listen. >> -- take a moment to describe remdesivir placebo controlled randomized trials. we must remember it was only a modest result showing that the drug made a 31% faster time to recovery. you hope to build on this modest success with combinations of dru

drugs. there are at least eight candidate covid-19 vaccines in clinical development. reporter: remdesivir is now being allowed to be used by hospitals in the worst cases of the coronavirus. fauci also said states have to follow the guidelines that are being laid out and the steps that need to be taken to reopen the economy in those states. he said the states that follow that could be successful. however, he says there's no doubt there will be more cases. it's the ability of those states following those guidelines to control and contain those cases going forward that will make the difference. back to you. stuart: maybe that made a difference on the market, because we turned north a little bit. now we are up 60 on the dow. when the doctor said we have only had modest success on remdesivir but we can build on it, maybe that made a difference to the market but not much. edward, thank you very much indeed, sir. appreciate it. mgm resorts international says all employees will be required to wear approved masks

when they reopen. no impact on the stock. mgm. huge on the strip in vegas. moderna, their virus vaccine, they think they've got one, they just got to fast-track designation from the fda. the stock is down 2.7%. peloton, they are up after announcing they surpassed one million aggregate connected fitness subscribers. how about that. peloton is back to $45. that's up 6%. president trump ordering federal retirement money invested in chinese stocks to be pulled. united states national security adviser ambassador robert o'brien will join us on that at 11:30 this morning. vera bradley vows to reopen most of the u.s. stores by the end of next month. the ceo says his employees are ready and willing to get back to work. will the customers come? we will ask him. the ceo is on the show. president trump slams president obama, accusing him of

a crime. now a source tells fox the names of obama administration officials behind the unmasking of michael flynn could soon be made public. larry elder on that later this hour. the state of idaho gearing up for phase two of its reopening this weekend. how's it going to work? we will ask the governor, brad little. you will also hear my take on what i'm calling the revolt across the country in favor of reopening for business. it's a revolt. that's next. robinhood believes now is the time to do money.

without the commission fees. so, you can start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7.

we've always believed in the power of working together. that's why, when every connection counts... you can count on us. stuart: all right. grub hub and uber, both stocks up. what's the connection, susan? susan: well, uber is making a takeover approach for its much smaller player but it would combine two of the largest players when it comes the meal delivery so we know uber is worth around $55 billion, grub

hub has a market cap of $4.5 billion. it's an interesting proposition. according to the "wall street journal," it's an all stock combination that's being proposed by uber. this comes at a time when we know meal delivery has really picked up, up some 50% in the first quarter of this year from uber eats and up some 80% in the month of april, and we know grub hub needs cash. uber needs money as well but looks like a combination of the two in this new technology, this new service, is aggressive, opportunistic, probably, in this time, but some say, i don't know, doesn't make sense for the stock given that ride hailing is still the majority of uber's sales and revenue is down 80% so far this year. stuart: yeah, but both stocks are up. i can understand grub hub being straight up but uber, nice gain there of 4%. it's at $32. that's uber technologies. by the way, the dow industrials still up about 50, 60 points as we speak. now this. this is an update on the revolt

and that is the right word to use. across the land, there is indeed a revolt over the two-month lockdown. it is gaining strength every day. the big headline comes from tesla's elon musk. yes, he has defied california authorities and he's restarted production of his car factory there. he hasn't been arrested and the sheriff has not blocked the entrance to the plant. in this case, the lockdown guys lost. let's see what happens in six counties in pennsylvania, where businesses say they will reopen with safety precautions in defiance of the state governor's continuing lockdown. in one of those counties, the district attorney says he will not prosecute. governor wolf calls those businesses selfish. wasn't that what the judge called shelley luther before sentencing her to jail for opening early? and since when has it been selfish to save your business from bankruptcy while taking all possible safety measures and giving customers the choice of

whether to use your business or not? in colorado, a restaurant opened on mother's day and was crowded. health authorities have ordered it to be closed. see how that works out. in michigan, a barbershop stayed open in defiance of state orders. he's still open and doing good business. wearing masks, keeping distance. one last point. when businesses do reopen, whether in defiance or where the rules have been relaxed, there is mounting evidence that business is good. that tells you a lot. it tells you that there is indeed a pent-up demand to get out of the house, get back to work, stay in business, avoid bankruptcy. that's what this revolt is all about. as america reopens, idaho is working with 30,000 small businesses to give out cash grants totalling $300 million. idaho's governor brad little is with us now. first of all, the cash grants, governor, why you doing that? >> well, there were some people that fell through the cracks.

we had people that didn't get the ppp, the small business, they couldn't get in, and you know, small business is what drives the economy so it's incredibly important to us. we stood up our own program, it opened up yesterday. unlike some of the federal programs, it's gone on just fine and we hope to have money in their pockets next week. stuart: now, you are opening up, you've got a four-phase plan. you are in phase one now. phase two starts saturday when restaurants, dining rooms, indoor gyms, hair salons start to reopen. are you responding to your voters in your state who are saying come on, let me open? is that a response to that? >> well, the voters obviously and the people want to open, but it's incredibly important to businesses that they have confidence that customers will show up. unlike some of the other states where they are saying 25% or 50% of capacity, i don't know how you make money in a restaurant at 25% or 50% of capacity, at

your dinner and lunchtime. so our numbers are good and we want people to have full confidence that they can go out and stay safe and patronize these businesses that have been so hurt by this close-down. stuart: sorry, i didn't quite hear that, governor. when restaurants reopen in your state, do they have a maximum capacity of 25% or 50%? what is it? >> no, we don't. i'm referring to the other states. i don't know how you open up a restaurant at that limited capacity. we want them to have social distancing and stay safe but we are not determining that they have to have a certain percent of capacity like a lot of the other states, because we have fully acknowledged that to make money in business, you've got to have customers in there and let those businesses figure out how best to keep their clientele

safe and give them the confidence to show up and utilize their services or buy their goods. stuart: yeah. one more for you, governor. apple opening stores, including in idaho. that's a big step towards getting back to a kind of normal, isn't it? >> well, by saturday, 95% of all the businesses in idaho will be able to be open. now, whether they do open or not will be up to them. that's why it's so important for us to have good numbers, good health care capacity, low incidences of covid spread so that people have the confidence to go out and patronize these businesses. stuart: if 95% of the businesses in idaho have reopened as of saturday, a lot of people are going to say okay, but you will therefore have more cases. what do you say to that? >> well, we have been -- i have been very pleased by the

behavior of the people of idaho about their sanitary, washing their hands, wearing face masks. no way we can close down grocery stores and nobody else did, but even with those things that have been open, people have done the right thing to stop that community spread and that's incredibly important. that's why we've got great hospital capacity, great health care capacity, we've got our inventor y of ppe with the help of the federal government when we need it. not all the way there but pretty close. we feel pretty comfortable about it but people will still have to be diligent about having a different behavior until we have either a therapeutic or a vaccine. stuart: with 95% of your businesses reopening by saturday, you are the leader in the field. governor brad little, idaho, thanks for joining us, sir. we really appreciate it. thank you. >> thank you. stuart: congressman steny hoyer expects a new democratic bill on the virus to be ready very soon.

what's this all about, ashley? how soon? ashley: yeah. how soon, stuart? how about this afternoon. according to the number two democrat in the house, he says that legislation could be ready to be completed by this afternoon. he goes on to say that he expects the house to meet on friday for a possible vote on the legislation. so moving along quickly, according to steny hoyer. we will have to wait and see. that's the latest from him. stuart: i guarantee he wants to spend an awful lot of money and put a lot of money out there all over again. i can see it coming. guaranteed. then we have the simon property group, the largest mall operator in these here united states. they are hoping to have half their malls back up and running within the next week. lauren, tell us the safety measures that they are going to take. lauren: that's about 100 malls and there will be reduced occupancy and reduced hours. not only will fewer people be let in, they will be taking seats away from the food courts, even not letting you use certain

sinks installed in the bathrooms. there will be markers on the floor where you should stand on line to respect social distancing. they will sanitize everything, particularly the high-touch areas whether it's the digital screens or something like that, then any marketing event that will be postponed, so they are opening. they hope the stores in the malls also open and of course, they hope the shoppers go. stuart: okay. this whole show is about reopening and they are an example. thanks very much indeed, lauren. take a look at this. it is a pocket sized mobile device that lets restaurants send orders straight from a table to the kitchen. customers can also use it to pay and print their receipts. we will speak to the company behind what i'm going to call a gadget. they say restaurant transactions are up big time in the last seven days. it's all linked to the reopening. president trump ordering federal retirement money invested in chinese stocks to be pulled. national security adviser ambassador robert o'brien joins us about that after this break.

to everyone navigating these uncertain times... whether you're caring for your family at home or those at work, principal is by your side. we're working hard to answer your questions. like helping you understand what the recently passed economic package can mean for you. we're more than a financial company. we're a "together we can get through anything" company. now, more than ever. happy birthday! so, it goes... ♪

hold up your answers. how is mickey doing today? ♪ you're just a really hard worker. ♪ ♪ ♪ ♪ - did you know that americans that bought gold in 2005 quadrupled their money by 2012? and even now many experts predict the next gold rush is just beginning. so don't wait another day physical coins are easy to buy and sell and one of the best ways to protect your life savings from the next financial meltdown.

- [announcer] today u.s. money reserve announces the immediate release of us government issued 1/10 ounce gold american eagle coins for the incredible price shown on your screen. these gold american eagles are minted at the united states mint, and right now they are being sold at cost for the price shown on your screen. - pick up the phone and call america's gold authority u.s. money reserve. with nearly two decades in business, over a billion dollars in transactions and more than a half a million clients worldwide, u.s. money reserve is one of the most dependable gold distributors in america. - [announcer] today u.s. money reserve is releasing official gold american eagle coins at cost. for the incredible price shown on your screen. these government-issued gold coins are official us legal tender made from solid gold mined right here in america and fully backed by the united states government for their gold weight purity and content.

do not delay, call now to purchase your gold american eagles for the amazing price shown on your screen. gold is now on sale at prices unseen in years and this year could be one of the greatest gold buying opportunities of all time. call now while vault inventory remains. as one of the largest us gold coin distributors in the country. us money reserve has proudly served hundreds of thousands of clients worldwide. don't wait another minute, call now to purchase 1/10 ounce gold american eagles for the amazing price shown on your screen. stuart: it's still pretty much dead flat on the market, with a mildly positive tinge to it. seeing a bit of green, left-hand side. i'm also looking at boeing and i see more red ink. they are down again, not much,

but they are down. what is it now, lauren? lauren: all right. i will give you four reasons. they got no new orders in april. they have scrubbed hundreds of orders and they expect to continue to do so because buyers are taking advantage of wording in the contract says they can walk away under certain circumstances. these are the circumstances, right. then you have the ceo saying i have heard in the past, 2019 would take those levels of travel would take two to three years to return to. he's now saying three to five years. he told the "today" show this morning that he can expect one major carrier to fold, to file bankruptcy. so this is a sign of the times. who is going to order planes when people aren't flying? boeing stock down just a bit, actually, on the news. stuart: but it's been pushed down so much, it can't lose that much more. lauren: almost 400 earlier. yeah. stuart: that's right. okay. now this. as first reported by our own blake burman, president trump orders federal retirement

accounts to pull their money out of chinese stocks. joining us now, ambassador robert o'brien, the national security adviser. mr. ambassador, you are the security adviser. is there a security angle to this or is this just plain punishing china? >> no, there's a security angle here, stuart. thanks for having me on. the federal savings plan is basically the 401(k) retirement program for federal employees and unfortunately, about $5 billion of those retirees savings were going to be shifted to china and a number of companies that were going to be invested in were chinese military companies or surveillance state companies. we thought that was risky for u.s. national security but we also thought it was risky for the investors because those companies don't have to comply with the same gap rules and other rules that you would have to if you were listed on the stock exchange. stuart: is this all chinese companies, all chinese stocks? i'm thinking of alibaba, baidu,

jd.com, all of them out? >> for this international fund, for this morgan stanley international fund, that's a thrift savings investment board was going to look at, it's all chinese investments in that fund. unfortunately, you just can't differentiate among the companies. they wanted to invest in china's aircraft manufacturing company which makes military aircraft that are flying over the south china sea. we had our soldiers, sailors, airmen, marines who invest their retirement, didn't want to fund chinese military aircraft, didn't want to fund zte, didn't want to fund the surveillance camera company that was surveilling uighurs, putting them, helping the chinese run their concentration camps. it just wasn't a good situation for us. stuart: is there a possibility that if we take our money out of chinese stocks, china will not buy our debt and lend us the money which we desperately need? >> well, look, i think the u.s. dollar is still a pretty good

bet for everybody and at times of uncertainty, and this is your area more than mine, stuart, but the money flows to the united states. this is the safest place for anyone to put their money, including the chinese. i'm not too concerned about that issue. stuart: you are the national security adviser. do you have any comment on the revelations surrounding general flynn? >> look, i think attorney general barr has made it very clear that that prosecution was an improper prosecution, that it was not well-founded and the justice department made the right decision to ask the judge to drop the prosecution and to reverse the guilty verdict. i think that was the right decision. i've got a lot of confidence in attorney general barr and the investigation he undertook to reach that conclusion. stuart: bigger picture, mr. ambassador, do you think this thing goes all the way to the top, that would be president obama? >> well, i think we are going to have to see what mr. durham, the u.s. attorney for connecticut, has to say. he's undertaken an investigation. i think there's going to be more

information that general barr hinted would be declassified this coming week so we will have to see where the documents take us. but it's a very unfortunate situation, no doubt about it. stuart: mr. ambassador, you are a diplomat as well as the national security adviser. thank you so much for joining us, sir. vital information and we appreciate it. thank you very much. >> thanks for having me, stuart. stuart: yes, sir. i want an update on georgia, which is -- i think it's the first state to really reopen big-time. david nicholas is with us. he lives in georgia. he's a market watcher but i want to use you as a reporter. what's it like in georgia right now? are people going to the businesses which have been reopened? >> you know, stuart, it's positive. i would love to say there's been a big rush of consumers back out into the public but it certainly has been an uptick. i look at google analytics. georgia has seen one of the higher upticks in return to retail, restaurants, storefronts. our total exposure to these

sectors are only down 26% year to date compared to a state like new york that's still down 50%, 60%. so i will tell you, i think our government did a great job of balancing liberty and security. i'll tell you, for many americans, it's very problematic that we are essentially just waiting for government to return our rights to go back to work and to go back to business and places we love like restaurants and stores. i'm in couragencouraged, georgi great case study, that's allowing its citizens to decide whether or not we can manage and take risks and it's the government's job to ensure that those rights are protected. i'm encouraged by what i'm seeing. stuart: i'm very much with you. i do read your stuff. i will deal with this real fast. i know that you like microsoft, adobe and google and what joins all those three companies is the cloud. you tell our viewers why the cloud is very important when we get out of this virus mess.

>> stuart, one sector that the coronavirus has been unable to stop is enterprise cloud. so as investors we need to be looking for the companies that can dominate in that space. if you just look at a name like adobe, it's tremendous performance year to date but they have made some great acquisitions. you know adobe for photoshop, illustrator, but they have made a transition into the cloud space with their acquisition so companies that are looking for digital marketing, adobe is an example of a company that provides a full suite of digital marketing services. i think the upside growth for a company like adobe is big. you look at some of the other names like google, like amazon, even microsoft, which a company that has legacy assets almost a monopoly in software, they have even made the hard transition to cloud and so it's these companies i think are going to be the future. they're not only going to excel in the next month or two, but they are going to excel over the next three to five years when what i think is a new environment for business.

stuart: we like the sound of that. david nicholas, thank you for joining us. appreciate it. see you again soon. some researchers believe that contact tracing could be key to containing the spread of the virus. a top tier college is offering a free course on how to do it. we will explain. president trump doubles down, insisting president obama was involved in a crime. watch this. >> obamagate. it's been going on for a long time. you know what the crime is. the crime is very obvious to everybody. all you have to do is read the newspapers. stuart: now obama administration officials reportedly are behind the unmasking of michael flynn. could soon be exposed. we will explain it after the break. ♪

♪ ♪ ♪ ♪ and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back.

find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. you've probably been investing in your home for years... 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: changes all the time so where are we now? mixed picture, up for the dow, up for the nasdaq, down slightly for the s&p. mixed picture today. back to the reopening theme. big one today. payment processing company shift

force says restaurant transactions are up 45% just in the last seven days since states started reopening. that's interesting. jared isaacson is founder and ceo. am i right in saying that is up 45%, restaurant transactions, in states where they are allowed to open since the low of mid-april? if that's accurate, that's a very nice bounce. >> stuart, that's absolutely correct. in fact, we are seeing improvements by the day. we are getting a lot closer to 50% now. just goes to show how significant the recovery effort is on a day by day basis. stuart: let me get this straight. the restaurants in the states where restaurants are allowed to reopen, and they have reopened, they have retraced almost half of the loss of business that they experienced six weeks ago? is that right? >> that's right, stuart. just a little fine-tuning.

the lows we saw were closer to the end of march. we are seeing now about a 50% recovery from those lows and that's across the country, though certain states obviously have less restrictions and we are seeing even greater improvements there. stuart: you are in a position to know this because your company, shift4, that processes this kind of information, correct? >> that's right, stuart. shift4 processes credit card transactions for about 200,000 businesses across the usa. the majority of which are in the restaurant, hotel and specialty retail space. in pre-covid times, we processed about $200 billion a year in payments. we are somewhat of an authority on this type information. stuart: so can i conclude, i'm sorry i'm so short on time, but can i conclude that where states have reopened, and allowed businesses to reopen, business is pretty good and coming on strong? can i say that? >> well, i still think we have a bit of a ways to go. we have a gap to close to get

back to pre-crisis levels but for sure, in areas like florida and texas, oklahoma, montana, there are certain states where restrictions have been relaxed pretty considerably and the recovery data is very strong coming from it. stuart: jared, i'm sorry about the short time. obviously you know what you're talking about and we appreciate it. come back and see us again soon because we want another update on the state of business. thank you, jared. >> thank you. stuart: yes, sir. all right. i want you to listen to something. joe biden giving conflicting answers asked if he knew about the flynn investigation. roll tape. >> i know nothing about those moves to investigate michael flynn, number one. number two, this is all about diversion. this is a game this guy plays all the time. the country is in crisis, we are in an economic crisis, a health crisis. we are in real trouble. i thought you asked me whether or not i had anything to do with him being prosecuted. i'm sorry. i was aware that there was -- that they asked for an

investigation. stuart: look, joe biden was in the meeting in the white house with president obama when the whole russia, russia, russia thing got rolling. that meeting started it. he was in the meeting. larry elder is with us, salem radio talk show host. okay, let's cut through all of this. at the end of the day, do you think biden, joe biden, is going to be the candidate for the democrats in november? >> i do, stuart. the only way that they can get rid of joe biden is if joe biden just publicly says i don't want to do it. either because of my physical health, because of my mental health, i don't want to do it. if they did do that, stuart, they've got to give the right of first refusal to berniened san because he had the second highest number of delegates which means their standard bearer would be a self-described socialist which is why all the democrats supported joe biden en masse when they thought sanders would be the frontrunner. there's no way in my opinion joe biden leaves unless he says i want out. he's not going to do that. this is his third time running,

he's been running since he was in kindergarten, he's not dropping out now. stuart: i will give you that. i have been arguing the other side of the fence all morning but i've got to give it to you. >> he's not going anywhere. from my cold dead hands. stuart: right. talk to me about the revolt about california, specifically elon musk reopening his factory in the face of the authorities saying don't do it. to me that's a real revolt and a big-time symbolic revolt as well. >> it really is. i just wish that elon musk was not the one leading the revolt. this guy has gotten billions of dollars in tax breaks and other subsidies in order for his company to be even as profitable, assuming it is, as it is, but the overall point is that the government ought not be telling business people what to do. even in texas, that salon owner was maintaining social distancing, she was making sure her customers were wearing masks, she was wearing a mask, and they still shut her down. that's what elon musk is rejecting here in california.

we have 50 states, all the states can enact more severe measures but they can't make them more lenient and the stay-at-home order in california is indefinite. the governor put together a lot of criteria including things like testing before his counties can reopen but it is indefinite. for somebody like elon musk who needs to make revenue, it drives you crazy. if anybody has learned anything from watching "varney & company" over the years, it is that business people hate, hate uncertainty. we've got uncertainty here in california. stuart: that is true. now, one more for you. california holds that special election today. it's for the congressional seat formerly held by congresswoman katie hill. republican mike garcia thinks he's got a shot in this one. i think it's all postal ballots. what do you think's going to happen? >> well, my fear is the postal ballots. i just interviewed mike garcia yesterday. he's confident he's going to win. the polls seem to suggest he's going to win. but you never know. this is california.

stuart: sorry, larry. i missed that last bit. i'm getting a cue. the cue is got to go to a commercial real fast. larry elder, thanks for joining us. i'm sorry about that. i do appreciate it. >> no problem. my pleasure. stuart: all right. i do have to show you american airlines, expanding its cargo schedule for the month of may, providing 140 weekly flights to 15 asia-pacific nations, europe, the caribbean. doesn't matter, the stock is still down 3.5%. way below $10 a share. that's american airlines for you. vera bradley, the stock dipped 61% in the past year. the company, though, is optimistic. they are preparing to reopen nearly all their stores by the end of june. how do they plan to do that? the ceo joins us next. ♪ limu emu & doug

and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stuart: johns hopkins launching a free online course on how to train people to trace coronavirus carriers, i guess. ashley, what's this all about? ashley: yes. well, it's aimed to break the chain of transmission. you can just stop one or two new infections, that will create or prevent, i should say, many more new cases down the road.

johns hopkins university offering this course online. it lasts six hours. it is free. by the way, new york is going to be hiring a lot of people. they say thousands of people, to help them with contact tracing. you have to take this course and pass it and then you can go to new york, if you are in the area, and say look, i'm certified. interesting stuff. this is going to be an interesting job for a lot of people going forward. stuart: i didn't think it was important but it's a job story. that's important. okay. ashley: it is. yeah. stuart: i didn't mean to downplay your story, ashley. i still haven't seen gracie but there you go. we'll move on. vera bradley are going to reopen almost all their stores by the end of next month. rob wallstrom is with us, the ceo of vera bradley. rob, welcome to the program. your stock is all the way down, down 4% today, down to $4 a share. it doesn't look like the market thinks much to your getting back

and reopening kind of thing. so why are you reopening? >> we are reopening because our customers want us to reopen, and we are excited about it. you know, this is obviously a difficult period for retail, but we are focusing on getting our stores open in a safe manner. stuart: why don't you just become an online company? why not? >> i think two things. i think one, consumers still want to shop in stores. i mean, e-commerce is an important part of the business but we are still, we like being social and we like getting out, so we think it's important to have a good mix between e-commerce and physical stores. stuart: so when you reopen, and i walk into one of your stores, what happens? what safety precautions are you taking? >> yeah. first of all, we are doing a lot of different things. one is making sure that we have social distancing between our associates, we have social distancing in the store, marking out where customers should be. all of our associates are wearing masks, testing their temperature daily. we are disinfecting throughout

the day. we are also asking customers to wear masks because the more that we can kind of prevent the spread, the safer we can keep everybody and that also keeps the economy open. stuart: are you primarily mall-based, the stores, bricks and mortar? >> yes. most of ours are mall-based. our full line stores are in most of the enclosed malls around the u.s., then we have large factory store presence, too, which are more outdoor. stuart: you are confident that when you do reopen, customers will come? >> we are seeing it. we actually, last week we opened up eight of our stores. we have another 20 opening this week and we are seeing them begin to return. i think just like we saw in china, it starts a little bit slow, but we were very happy with the response, both from a business start to get started again as well as just customers excited to be back in our stores and spending time with our associates. stuart: rob, thank you very much for being on the show this morning. it's important news and we have covered it for you. thanks very much. vera bradley. >> i appreciate it. stuart: more "varney" after this.

here's the thing about managing multiple clouds for your business. when you've got public clouds, and private clouds, and hybrid clouds- . . powered by vmware. a single hub for a consistent operating experience across all your clouds. that should clear things up.

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. ♪ jo this positive news comes from new york, ashley, tell me. ashley: as my dog decides to bark right at that moment. we are on the other side of the mountain says governor cuomo, is good. stuart: okay. there she is. there is gracie. well-done. what a lovely looking dog right there. that is lovely. ashley: as shaggy as her father.

stuart: we could all use a haircut. that is another story. stuart: just reminded me of korean video where the young child running into the room as poor dad is trying to do a report. there is gracie on the show. thanks, ash. neil, it is yours. neil: that is hard to top, stuart. thank you very, very much. some developments taking wind out of market sails here. twisted development what dr. fauci said about remdesivir, dialing back expectations for it. a lot of this had to do with some concerns that some big advertisers like gm, pepsico, "wall street journal" reporting that they might dial back their spending plans on tv networks. that is not such a shocker here. the fact it is put out there and they're obviously crafting a plan like that or they could