maria: it's been a great show. we got a 300 point rally under way. we will see a higher opening in 30 minutes. my thanks to the panel. have a great day, everybody. right to "varney & company" we go. stu, take it away. have a good one. stuart: i shall indeed. good morning, maria. good morning, everyone. look at this. another stock market rally. i'm going to put it on the left-hand side of the screen. after a 500 point runup for the dow tuesday, this wednesday morning, we are looking at another, what, maybe another 300 point runup when the opening bell sounds. there's two reasons for this. first of all, the economy, the opening up of the economy keeps on going. the indicators point to more travel, more eating out, more shopping and today, six states relax their restrictions even more. the faster the pace of the recovery, the stronger the

market. that's the way it seems. secondly, the europeans have announced a massive stimulus plan, close to a trillion bucks. it's really a bailout mainly for desperate italy and spain. printing the money over there helps us over here. when that bell stops ringing and we start trading, the dow is going to be up, what, about 300 points. the s&p will be up about 26 but the nasdaq on the down side. tech taking a bit of a hit this morning. who would have thought we would see this. for a second day running, the airline stocks are going straight up. just look at that. in percentage terms, it's a huge gain all across the board. it's the same story with the cruise lines. straight up. this is all about the strength of the recovery in the most beaten-down stock market sectors. now, this may be having some effect on our market. it's the chaos which has returned to hong kong, asia's financial hub. police fired tear gas and pepper

pellets at the demonstrators. they don't like beijing seizing control. the question now is what will president trump do? he has promised quote, a very strong announcement by the end of this week. what action he takes could move the market. see this. the spacex rocket on the launch pad. two american astronauts will be on board for the first commercial space flight ever, weather permitting. 4:30 eastern, that's the liftoff. "varney & company" is about to begin. now it's at 25. it's a very big day. it's up very substantially over the last six months. so we had a very big day but people are seeing what's happening, they're seeing there is a pent-up demand as i was predicting and you're going to see it more and more. we call it the transition to greatness and it really is. stuart: ah, yes, the transition to greatness. that was president trump

celebrating the dow hitting 25,000 for the first time since i think it was march 10th. let's get right to it and bring in shah gilani. shah, you are a frequent guest on this program. we have been watching you and hearing from you for years. are you now a believer, is this rally for real? >> i am now a believer. it took me some while. i still have in the back of my mind the feeling that maybe we will see more unemployment numbers and some of the bankruptcies i think that are headed our way might cause some issues, but the market has proven to me that -- i'm going to steal your line, stocks just want to go up. investors are buying. they love the rotation. the reason i think the tech stocks are selling down is a little bit of profit taking. i don't think that's because it's just about this rotation into cyclicals and industrials which is healthy for the market, it's about what might be happening with china, maybe some retaliation on china's side against some of the big tech companies. quite natural and not a big deal. what i do like is the fact the market is finally rotating and we are seeing beaten-down stocks

get big. a little too much in terms of the airlines and some of the cruise lines but that's very healthy to see this kind of rotation. very healthy. stuart: all right. obvious question, do you think we will hit 30,000 on the dow any time soon? >> i said i believe on your show last week, i think we can see new highs by the end of the year. the way we are going now, there's a lot of pent-up demand. typical of the scenario in terms of the fed being the underpinning and pillar of the market, now we see the ecb doing the same thing in europe. we know the bank of japan is doing that. when we see global stimulus there is no other alternative for anyone other than u.s. equities. stuart: yeah, the europeans are out this morning with a near trillion dollar stimulus plan. i think japan has a plan in hand as well. we are seeing this quite a remarkable turnaround for the airlines and cruise lines and hotels as well. that's really something. shah, thanks for joining us. i'm sorry to cut this short but it's a big news day. you know how it is. we've got this for you.

you know how it is, shah. thank you. this is happening in less than an hour. disney will present its plan for the reopening of disney world. look, orlando is the tourist capital of florida, maybe for the whole country, so disney's reopening really matters. lauren, do we know how they are going to do this, the reopening? lauren: we will know in the next hour, when disney is expected to present their plan which includes a date of when and how they will reopen the magic kingdom and their other resorts in orlando. they present their plan to the orlando county task force, then the task force approves it, they send it to florida governor desantis and then he then will have to approve it. but do you remember universal? they said yeah, we are opening june 5th when they presented their plan? that accelerated date of june 5th, according to the rumor mill, really caught disney leadership off guard so will they respond with a similar date or push it back further into

june, perhaps july? we do not know. they have four theme parks in the area. maybe one opens, the magic kingdom, then animal kingdom. we'll see at 10:00. stuart: we shall see at 10:00. you will report it for us, i'm sure. thanks, lauren. several states are easing back restrictions today. ashley, take me through some of the more important easings here. ashley: well, let's start out in the rockies. look at colorado. restaurants can reopen in colorado for in-person dining with limited capacity but that's okay. we are heading in the right direction. six-foot distance between tables, limiting party sizes to eight people, all workers wearing face masks. no tablecloths to stay between diners. they have to kind of come up with a single use version, just something different. california, most salons and barber shops can reopen in 47 of the 58 counties in california, but guess what, l.a. county, nope. salons and barber shops still

closed. but those that open, protective gear, face coverings required. by the way, the last two weeks, we have seen a 6.7% drop in hospitalizations in california, so the numbers are looking better there as well. and northern virginia, restrictions will be lifted on friday. by the way, the rest of the state has been allowed to begin the reopening process, but not in northern virginia. but on friday, face masks required inside businesses and public transportation, bars and restaurants can operate with outdoor seating at 50% capacity. as we say every day, slowly but surely, we are starting to get this ball rolling. stuart: yeah, but it's been awfully slow for me to get a haircut in the state of new jersey. i look like a hippie right now but there you are. thanks very much, ash. i got to tell everyone, in the 10:00 hour, you will get my take on the blue states that are not opening up quickly. is that political? what's the reasons behind that? i will ask that question in my take coming up next hour. more positive news for you.

according to the cdc, the virus fatality rate is 0.4%. which is significantly lower than what was initially projected. now look at this one, too. this is a chart showing the number of deaths dropping since the peak of the virus. you can see a clear down trend there. by the way, over the memorial day weekend, the u.s. saw its lowest two-day totals since march 27 and march 28. the right direction. marc siegel as in dr. marc siegel, is with us now. first of all, doctor, this 0.4% fatality rate, that's extremely low. it sounds to me like it's a bad case of the flu. where am i going wrong? >> well, it's a different disease because it came over us so rapidly but stuart, this is what you and i have been predicting all along. when we started talking about asymptomatic cases and people with mild symptoms that weren't being counted in the thousands and hundreds of thousands, we knew that we are only seeing

somebody when they get really sick go into the hospital and god forbid, pass away so of course the percentage of people who get covid-19 and actually die from it is way less than what we were ever being told and that's why the .4%, in my opinion, is totally accurate and the trend of cases is going way down now in the united states. down to just over 16,000 over the past 24 hours. that's the lowest we've had. we are trending down in deaths and stuart, when deaths trend down, obviously that predicts that cases are going down. there's a bit of a delay. when somebody's stick, you knic lot of people getting it now who won't get sick until later, those numbers are now going way down. stuart: real fast, are you one of those doctors who says this opening up is okay health-wise? >> i think it's extremely good idea as long as social distancing is kept in place. stuart, south dakota has been

open all along and they have very few cases. they only have 50 deaths in the entire state. montana, which is a democrat state, of course, has been under a lockdown and they have 16 deaths. there's no rationale for continuing these lockdowns right now. they are draconian. they are killing the economy. we have to open up, we have to do it carefully with social distancing. stuart: doc siegel, we hear you loudly and clearly, wherever you are. thanks for joining us this morning. now, let's move on to hong kong. drama there. look at that. more protests erupting in hong kong. that's police firing pepper pellets into the crowds. hundreds arrested. susan, this looks like it's not slowing down any time soon. susan: looks like it's picking up. can you imagine this type of scene in midtown, downtown manhattan on a weekday at lunchtime? that's exactly what took place in hong kong. here's a look at live shots right now and this is near causeway bay, from what i see, one of the central districts in hong kong. lot of shopping areas, famous streets where you can get a lot

of tourists involved here as well and as you see, it's really reminiscent of the protests we saw last year as well. now, the protests were planned to coincide with the debates in the hong kong legislative council about whether or not to enforce this new law that would fine or imprison hong kong residents that misuse or mock and insult the chinese national anthem, and this is seen as another sign of overreach and the loss of autonomy for hong kong residents when it comes to beijing and hong kong relations but we had close to 300 being arrested, most in their teens and early 20s, but stu, again, it looks like the chaos is picking up once again after that national security law was proposed that would, by the way, allow china to enact and pass laws without hong kong's input. stuart: we will follow that live action throughout the show. it may affect the market. we shall see. but president trump promises an announcement about it. what he's going to do about it, later this week. we are still holding on to a 300 point gain for the dow industrials at the opening bell.

we have still got a minor loss for the nasdaq. tech stocks not doing well this morning. what you're about to see, there you go, that is a pretty -- look at that. that is an almost deserted sixth avenue. new york city is america's biggest city. i'm telling you, it is flat on its back. i say it's not going to get back to its old bustling self any time soon. that is a very big deal. that's the theme of my take in our 11:00 hour. for the first time ever, twitter flagging some of president trump's tweets with a fact-check warning, and the flagging was done by an anti-trump guy. full story coming up for you. elon musk reportedly looking at austin, texas and tulsa, oklahoma for tesla's next factory. coming up, the man behind the campaign to put tulsa on the map. how much is tulsa offering elon musk to go there? more "varney" after this. you wouldn't accept an incomplete job from anyone else.

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stuart: we have news from the hard-hit travel industry and that would be long-term job losses. ashley, start with boeing, please. ashley: yeah. expecting by the end of the week to announce 2500 job cuts. boeing has a global work force of around 160,000. by the end of the year, they hope to reduce that number by 10% so that would be 16,000 job cuts for boeing on a global level. of course, they are reducing their jetliner production but also, we should mention this is the ripple effect. the suppliers to boeing, already announcing their own layoffs. ge, which makes engines, of course, and other parts, also cutting thousands of jobs because there's simply no demand and when you get to zero orders for boeing in april, you have to

start slashing costs. stuart: how about amtrak? they are cutting jobs, too, that probably won't come back, is that right? ashley: yeah, that's right. they are going to cut up to 20% of jobs by october. amtrak employees are a little over 18,000. they will start this with a voluntary call for people to retire or move on. they will offer incentives. they say the last thing they want to do, they make the decision, you are going to lose your job but that's going to have to happen. they already sent a letter, amtrak, to congress, asking for more financial help to, at the very least, maintain a minimum schedule next year. they have already taken a billion dollars from the cares act but they say they are going to need more, and you know, public transportation as we know has been hit so hard, and are people going to get on trains again, at what rate? they will, but it's going to be a very slow recovery. stuart: yeah. would you get back on a crowded train or subway train or bus? it's an open question.

i don't know the answer, quite frankly. all right, ash. tesla is looking at austin, texas or tulsa, oklahoma for the place to build their next big factory. oklahoma's secretary of commerce appealing to elon musk himself. there's the tweet he sent out. he joins us now. sean, welcome to the program. good to see you. now, i have to ask you, are you the guy who put that huge statue of elon musk up there in oklahoma? >> it wasn't me personally but i might have had something to do with that, yes, sir. stuart: what are you offering them to come to oklahoma? >> well, we offer them a great proposal. we can't really get into the details of our specific -- stuart: can you give mow a dollar number? are you offering billions of tax breaks or what? what are you doing? >> it is -- i will just tell you it is significant and very competitive with reno, nevada

and some of their past cities that they have chosen but in addition, we think tulsa is the place they should be. we really do. we have a great manufacturing base, we have a great quality of life, "rolling stone" just featured our entertainment scene, you can buy twice the house they can buy in austin and they can get across town in 20 minutes. we think they need to come to tulsa. stuart: i can see you make a very good case, sean, but what about the people of oklahoma? are they okay with putting out the welcome mat with big dollars involved? >> we are aligned from top to bottom. we know that tesla's had some challenges, you know, in certain states that they have been in and we are, from the governor on down to the county health department, we are all of the same mind that we want tesla to come to oklahoma. we are doing to do whatever it takes to earn their business. stuart: careful when you say we will do whatever it takes.

you just upped the dollar number you got to put up. but look, thanks very much for being with us this morning. we really do appreciate it. we wish you the best of luck in this contest. >> yes, sir. my pleasure. stuart: by the way, sean's -- i'm sorry, elon musk's spacex, that's going to try to make history today, sending two astronauts to the international space station. lauren, i think, however, the launch is planned for, what, 4:30 this afternoon but weather may be a factor? lauren: weather is always a factor. right now there's a 60% go chance for that launch at 4:33 but yes, there is a chance of rain and clouds. continue to monitor it. president trump and vice president mike pence and elon musk all expected to attend. this is a huge first for capitalism, if you ask me, because this is the first time that nasa astronauts are going on a private vehicle into orbit. it's also the first time since

2011 that they are lifting off from american soil, not paying $80 million a seat for russia to take our astronauts to the iss so this is a major launch today, weather permitting. we hope it goes okay. stuart: how much money did spacex raise yesterday? i know a couple hundred million dollars. how much was it and what interest rate did they have to pay, do you know? lauren: they raised $346 million in their latest round of funding, valuing the company at $36 billion. i do not know the interest rate paid. but i do know that it makes spacex one of the most valuable private companies there is and if you think further, investors are saying oh, elon musk is proving that space tourism might actually be able to happen, and that's how they are getting funding at such a high valuation. stuart: very very good story. it's an absolutely unique move. commercial move into space led by elon musk. it's got all the elements of a great story. it really does.

4:30 eastern. let's see if it takes off, weather permitting. futures still show a nice gain, up 300 for the dow, up about 1%, roughly, for the s&p. but the tech stocks, not doing well this morning. the nasdaq is down. we will take you to wall street shortly. back after this. meet jim. for jim, comfort is king.

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-- special you mentioned on china, does that include sanctions? >> it's something you will be hearing about over the next -- before the end of the week, very powerfully, i think. stuart: that's on hong kong. left-hand side of the screen, this was taken earlier in hong kong. literally a few minutes ago. the chaos continues there. as you heard, president trump's vowing strong action or he's going to make a strong announcement at the end of this week. susan, come into this, please. what is china saying about this? susan: china is dismissing the threat of u.s. sanctions, because in the end, they say it hurts the u.s. and by the way, it also hurts hong kong so for probably looking at the hong kong democracy and freedom and human rights act that was signed into law last year, passed by both houses of congress and this requires beijing to prove that hong kong's independent of the mainland or some of these favorable trade policies that the u.s. currently extends to hong kong could be revoked. but in the end, that hurts hong kong and the economy in hong

kong and also the capital markets there, and they are pointing the finger saying if you want to do that, that hurts hong kong and eventually it goes around the world. this is such a globalized economic system that we live in, they will eventually hurt the u.s. as well. stuart: while we have you, before we open the market here, we saw all these protests, then they largely calmed down because of the virus, then beijing swoops in and tries to take control and the protests start right up again. i've got to say i'm a little surprised at the vehemence of the protests. susan: some see this as a last stand for hong kong. if you allow the enactment of this national security law which allows beijing to write up these security laws for hong kong without hong kong's approval and now station military personnel on the streets of the city in order to enforce it, what is next? seem this as the loss of autonomy if they let this go through. you know, if you think about it,

why is beijing doing this right now, since they are still dealing and grappling with the struggling economy coming off a horrible pandemic, and some see this as insecurity from the top. chinese president xi has to keep the people of china motivated and he also has to quell any uprising and any questions surrounding his leadership. stuart: like you, i'm sure, i have friends in hong kong and some of them, they are not ex-patriots, they are chinese folks and they are going to taiwan because that's a bastion of freedom. susan: i would probably choose the u.s. or somewhere else probably further away from beijing but most of the elites by the way already have a second passport. they knew this was coming and it's been a trend for the last few decades. stuart: susan, thanks very much indeed. it breaks my heart and yours too, i'm sure. we will move on. the opening bell on wall street is about to ring. we are going to see an upside move for most stock groups. the exception probably is those big tech names. they are in retreat this

morning. when we get this market up and running, you are going to see a remarkable performance again from the airlines, the cruise lines, travel companies, and the hotels. we will check them for you once trading begins this wednesday morning. because they are going to go up along with the dow and s&p. here we go. we are off and running. it's 9:30 and right from the get-go we are up 350 points, just about. that is 1.3%. remember, please, the dow yesterday was up 500. so we've got a real rally going on here. the s&p 500, that, too, on the upside, but a lesser percentage point gain. that's almost 1% up. the dow was a bigger gain. show me the nasdaq because that's probably down. no, it's not. it's up .16%. it's up but not very much. okay. how about those airlines? check them again, please. what a terrific performance this morning. in percentage terms, all of them, way up. i think it's the same with the

cruise lines. who would have thought. couple months ago, they were so beaten down and now, they are back up again. carnival up 10%. norwegian up 8% now. royal caribbean up 9%. i think we've got a similar story with the travel sites. badly beaten down, bouncing back. that's true. up 1%, 3%, 5% on bookings, expedia and trip adviser. all right. disney. big deal here. in about a half hour, they are going to announce plans for reopening in orlando. don't know exactly what they are going to do. the date is going to be very important. big anticipation. disney's stock now at $123. in the depths, it was down below $90. what a bounce. at & t, they own time warner which is launching hbo max today. remember "friends"? it's back. at least the reruns are back. at & t is up 2.8% on that. boeing are reportedly starting voluntary layoffs of

about 2500 jobs. investors kind of like it. it's now $148 on boeing. watch this. look at this from papa john's, pizza guys. lockdown winners, big-time. their sales were up 33% in may. we are staying home, ordering in. the stock is down 40 cents. how about domino's? their sales up 14% in may. that stock is up $1.70. how about apple? reopening more stores this week. i think that's important, susan. tell me more. susan: i counted 21 states, 100 more stores that will reopen. so in total, 130 apple stores are now operational across the u.s. and this comes in states, multiple states, as you see, across the u.s. think of arizona, california, florida, georgia, oregon, tennessee, texas and i even saw one in new york state, just one, though, here in the state of new york. this adds i guess 130 out of 271 that they operate across the u.s., part of this reopening

theme. however, there are obviously health limitations so not that many people are allowed in the store. in fact, most of these stores are operating with curbside pickup and dropoff. so you're not going to go in there and hang out in an apple store as you normally would. yeah. so you drop off your device, they will fix it for you, come up and pick it up. everyone has to wear a mask, by the way. stuart: you got my hopes up there. i thought we were going to see the big store in new york city open but no. the one store in new york state that's opening up i believe it in the rochester area. susan: pretty far away. i told our executive producer to get his ipad fixed there. he said do you know how far away that is from here? no. stuart: literally 350 or 400 miles, i think. new york's a big state, you know. susan: depends how desperate you are to get your ipad fixed. stuart: some people are really desperate. we better move on. we really had better move on. how about amazon? we hear they are in talks to buy a self-driving car company. why, lauren? lauren: amazon is in talks to

buy this company. i guess they want to use more of their technology in the self-driving car space. does anybody else have that story? i didn't have that story. i'm sorry. stuart: you're right. it is zoox. i think ashley's got it. ashley, to the rescue, please. ashley: on the white steed, he charges in. yeah, look, amazon is reportedly in talks to buy zoox. zoox was founded six years ago. it's been developing software and hardware to basically produce electric-powered robot taxis that you can summon just merely by using the app on your smartphone. it was a lot of hurrah around the founding of this company as it started to gain funding for its operation but that was six years ago. it's all kind of like where are we, like so many of these projects, it's taken longer than people thought that could make this projects a reality. amazon getting in there. they also, by the way, amazon already created its own team to

develop driverless vehicle technology. part of the motivation for amazon is for transportation to carry its own goods, of course. but this is an interesting move. it hasn't been done yet but talks could fall apart, but we are told it's in the end stage and within the next two weeks, amazon could indeed buy zoox. stuart: what's that commercial where there's a guy saying any day now. remember that one? i feel the same way about self-driving cars. any day now. ashley: we talk about it a lot. stuart: yeah, we do. how about google? they are allowing workers to return to the office. lauren, i think you have that story. tell me more. lauren: my thanks to ashley. okay. sandar pichai says yes, you can come back starting july 5th, volunteers only, limited and rotating basis. this is what he wrote. we'll have rigorous health and safety measures in place to ensure social distancing and sanitation guidelines are

followed so the office will look and feel different than when you left it. our goal is to be fair in the way we allocate time in the office while limiting the number of people who come in, consistent with safety protocols. it sounds very boring but at the same time, google giving you an incentive to continue to work from home. did you know they are giving workers $1,000 so they can buy, you know, office furniture and equipment that they need to work from home? and the next announcement i expect is if you want to work from home, let's say permanently, stuart, here's your paycut because you're not paying for transportation or you can live in a cheaper state. stuart: fascinating. the whole story of getting people to go back twoso work in offices is a very important story. it's how fast this economy recovers because the massive office workers have not yet gone back to work and how fast they do go back to work is a key indicator. alphabet's stock is down ten bucks this morning.

along with all the big name techs. let's have a look at twitter. president trump's tweets flagged by their fact checkers. susan, more, please. susan: look, this is a tough debate for twitter because it's a lose-lose on both sides. you will get some criticism either from the left or the right. so yesterday, appearing for the very first time, twitter actually had a warning label under two of president trump's tweets, if we can bring it up. this has to do with mail-in ballots. you see there that warning label below saying get the fact about mail-in ballots. when you click that link, it goes to a website run by cnn, by the way, and also some of the actual facts that twitter has provided that they say actually corroborates that mail-in ballots are actually factual. now, some say look, if you are going to wade into this debate, you are really going to infringe on first amendment rights. president trump said that as well, saying that you -- there you go, republicans feel that social media platforms are silencing conservative voices. now, many of course have argued

that president trump may be abusing the twitter platform to bully individuals, including the latest controversy surrounding msnbc host joe scarborough and the death of a congressional aide back in the early 2000s. you heard from the husband of the deceased saying please take down some of these tweets, and you are dishonoring the reputation and the honor of my wife. however, twitter says that doesn't actually violate our terms of service. this, though, they say does include a fact checking need for some of these tweets. now, twitter says these tweets contain potentially misleading information about voting processes, but you can imagine that some of these social media platforms like twitter, like facebook, might be wading into the 2020 ballots. stuart: yes. i think so, too. all right, thank you. check that big board. we are now, what, eight minutes into the session and we are holding on to a solid gain. at least for the dow. 1.3% up, 25,338. where's the ten-year treasury yield? that's a significant indicator.

it's actually been unchanged for almost a couple of weeks, really. not that much change. .70%. how about the price of gold? down today, down 21 bucks at $1706 per ounce. the price of oil, i think that's down as well. yeah, we are down at $33 a barrel. that's about 2%. next case, moving on, we have a live look at times square. this of course is in new york city. i say new york state, i think the city, i think this will be a long time before this city really comes back. i mean, that's times square. utterly deserted. at 9:39 a.m. eastern time. more on that, my take, top of the 11:00 hour. then there's top golf, kind of a high tech driving range, reopening several locations with some restrictions. take a look at one of their hitting bays. that's what it's going to look like when they reopen. can you understand all of that? lots of safety involved there. the company's ceo joins us later

this hour on that. hbo max launches today with more than 10,000 hours of content. will people pay for yet another streaming service? "friends" is going to be on it. we will cover that next.

stuart: the story of the morning on the market is the dow is up but big tech is down. the nasdaq off just a fraction now, but big tech stocks are really getting hit. have a look at tractor supply. that stock has seen the best upside move of any retail stock since the lockdown. sales are expected to grow, what, 20% to 25% in the july, august, september quarter. the stock is up two bucks at $113. hbo max, that launches today. come into this, lauren. i want your opinion. are people going to pay yet another streaming service? lauren: i want to say no, but i

think right now, the answer would be yes, because we're still somewhat locked down, looking for something to do. but hbo max out of the gate today, it's $15 a month. that is the most expensive of all the streaming services. what do you get for it? 10,000 hours of content, including every rerun of "friends" but because of the pandemic, the supply chain was hit. the "friends" reunion which was supposed to be a big selling point for hbo max's debut today, that couldn't happen because production was halted due to coronavirus. so this is the issue that all of the streamers face and the production studios. netflix coming out a little bit stronger here. stuart: that's interesting. i wonder if there is room for $15 a month on top of what you pay for all the other streaming services, if you've got them. interesting question. my daughter is dying to see the reunion of "friends." sorry, go ahead. lauren: there have been no "friends" streaming since last year when it came off netflix.

all of the "friends" were supposed to hit with the hbo max debut. one quick thing. it is very likely there will be an ad-supported version of hbo max next year, which means that $15 price tag could potentially be cut in half. it should get cheaper. stuart: the stock is up 3.5%, at $31.94. i like to get investment advice from the pros and that's what we do on this show. we offer investment professionals who tell you what they are buying and why. come on in, our next guest has three suggestions, wynn resorts, facebook, amazon. gregg smith is the man on the right-hand side of the screen. let's start with wynn resorts. the vegas people. why do you like them? >> good morning, stuart. well, i never thought i would see a day where the traditional handshake would disappear from the vernacular of american culture but as americans, we have the luxury of living on the greatest country on the face of this earth. we are scrappy, we are resilient

and we have grit. i'm betting on the american dream which i think we all share. i think at this point in time, americans are frustrated, ready to get back, return to work and get out and have some fun. i think wynn at these prices would be a beneficiary of a return to some leisure travel and i like it at these prices. it's declined from the $150 level and i think it's attractive. stuart: wait a minute. what did you say? wynn resorts is $86 a share right now. where do you think it's going? >> look, i think that stocks are trading on what's going to happen in the future. i'm a believer that we are going to be better next year than we are today. i could see 30% or 40% upside in wynn over the next year. i think that's very attractive. stuart: facebook, they have had a terrific run. this morning they are at $227. why do you like them and where's it going? >> look, i think we have to look and accept what's going on. i have many friends that work at fortune 500 companies that have already been told they are going to be working from home for the next year so there's going to be

a lot of change coming in how we behave as americans. so if people are sitting at home, i think you look at companies like amazon, like facebook, they will be the beneficiaries of perhaps lower productivity of workers that might be at home, who might be shopping and spending more time online. facebook is a great conduit for companies that are going to be marketing their products and services to people that might be spending more time in front of a computer. both facebook and amazon hit new highs in the last week. i think they would be great to add to on a pullback. stuart: facebook could go to $240, you think? >> well, it traded at $240 yesterday. i think we will continue to see facebook and amazon hit new highs i think over this summer, i think. stuart: amazon goes back above $2500 a share? >> i think that's right. people are going to change their behavior, it's going to be much more challenging to shop in retail stores, even when they open, and i think people just like the convenience. amazon's going to continue to eat the world in all the different areas they move into. stuart: all right. gregg smith, sorry to cut you

off there, we will follow these three stocks, wynn, facebook, amazon. let's see where they go. he likes them. let's see if it works. thanks, gregg. president trump giving north carolina's governor roy cooper one week to decide whether or not the republican convention can take place at full capacity. meanwhile, other states, they are putting their offers on the table. they want the convention. more on that in our next hour. top golf, that's a high tech driving range company, reopening some locations. the company's ceo joins me next. meet jim. for jim, comfort is king. which is why when it comes to his dentures only new poligrip cushion and comfort will do. the first and only formula with adaptagrip cushioning technology.

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stuart: top golf, now, that is an interactive golf range, reopening several locations. new safety measures, they include more distance between the tees, dividers between customers, increased cleansing, cleaning, sanitization, i guess is the best word. look at this, this is what it will look like inside the new hitting bays. not sure that gives you a real good idea of what it's going to look like. but i'm going to bring in top golf's ceo, dolph burrell. welcome to the program. good to see you. >> good morning, stuart. it's nice to be with you. stuart: you have to make people comfortable when they come to your golf range. are you going to make them wear masks? >> well, all of our associates

who work at top golf are wearing masks and they are using gloves if they are handling food or beverage. we strongly encourage guests to wear masks but we are not requiring it. stuart: now, i've got on the screen inside the hitting bay. i'm not sure how that relates to reality here. take me through it. what's it going to feel like and look like when i'm standing there swinging my club? >> well, first of all, you should know that if you have come to top golf, we have gone through a rigorous process with local and state health authorities to make sure that we have clearance from them. but you rightly point out that there's a lot of modifications that we have made to ensure that people are safe at top golf. so there are plastic dividers between every single bay. if you are looking at the screen behind me, you will see that an example of that is in this venue where i'm standing today, just north of dallas, texas. in addition -- stuart: i'm sorry. the idea is you can bring the family, you sit on those couches, you can eat and drink and have a good time and

somebody in the family is out there swinging the club in the driving bay. that's how it works. are families looking for that kind of entertainment at this moment? >> we have seen a really good response in terms of the places where we have them. we have 56 venues in the united states and eight of them are now open, and we are being very careful to manage the crowds, but we are finding that people really enjoy hitting a golf ball with their friends and we are limiting people to six people per bay. so they are able to maintain social distance, but also do something that they love. stuart: all right. dolph, i'm sure of time so i've got to go. look, thanks for being with us. we are always interested in the whole idea of reopening and how customers are taking it. thanks very much for joining us from top golf. see you soon. thank you. couple of minutes from now, that would be 10:00 eastern, disney's going to present its plan for reopening disney world. we are looking for what the new normal there is going to look

like. and the obvious question, will people go? you will also hear my take on what i call the reopening revolt. i say if the blue states drag their feet, the country's economic recovery will be hobbled. and check that market. still a pretty solid rally. we have lost a little ground. stay right there. second hour of "varney" moments away. 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. . .bu .

stuart: 10:00 here on the east coast. look at that market still okay. we're up 200 points right now. the dow's rally has been led by these winners. put them on the screen, please. what have we got for you. we got goldman sachs, raytheon, american express, they're dow stocks. goldman up nearly 9%. american express what is that, up 5%? solid gains there. show me disney? they're proposing to reopen disney world in florida. we'll get you the plan this hour. we'll bring you the headlines as they come out. disney's stock, $122 per share. and now this. if the heavily-populated democrat-run states drag their feet about opening up the country's economic recovery will be hobbled. 100 million people live in the still largely locked down states of what, california, new york, illinois, pennsylvania, michigan, new jersey.

that is about 1/3 of the population of these united states. there has been some loosening up in these states but these blue states are way behind the red states. question, why is that? the governors say it is for safety, that it is all about the curve, protecting the vulnerable and avoiding a second wave. okay. but there is a more cynical political explanation that is emerging. this suggests those democrat governors don't want a quick recovery for the economy abuse it would help president trump's re-election. now that is a nasty allegation. holding back the whole country, prolonging the pain, so trump doesn't win? whoo. the argument gains strength when we heard from president obama. president obama's top economist jason furman he said, we are about to see the best economic data this country has ever seen. whoa. that stunned the crowd, which included a lot of obama people and biden campaign staffers.

he pointed out that when the back to work movement revs up as it is now you can get a big jump in the employment and growth numbers. you get that jump right before november's election. no wonder democrats are worried. joe biden is already in trouble on any number of fronts. if he loses the economy debate, his chances of winning are slim indeed. so is that why blue state democrats are keeping the lockdown in place for as long as possible, given the vicious nature of politics these days, it is not out of question, isn't it? the other side of the coin red states opening up fast, downplaying safety because they want the economy to recover and president trump to be reelected. here is where i stand. open up fast, all across the country because the pain of lockdown is simply terrible. it is a human tragedy and an economic disaster. forget party politics, opening up is in the national interests.

john lonski is with us, moody's economist kind of guy. john what do you think? is it possible the blue states are dragging their feet because they don't want the economy to recover or am i just being cynical? >> maybe you're a bit too cynical but i can't help but think that a lot of die-hard democrats from these blue states very much want to get back to work, they want to reopen their businesses, and they will be putting a lot of pressure on their elected officials to ease restrictions. stuart: so am i on point or not? >> well i would say that you know, maybe have an argument they are perhaps saying this is a chance to improve their prospects in 2020. however you know, that is an area that i'm a little bit shy about entering into at this point in time. i think it could be a little bit too cynical. it could just be that democrats have an above average aversion

to risk. that they want to play it as safe as you can. but let's not forget. if you think that the value of any, each human life is just so high, so precious, that why aren't these governors imposing say speed limits of five miles mile-per-hour on the highway? stuart: fair enough. i want to take you through what larry kudlow said on this show about growth in the second half of the year. roll tape please. >> six months ahead measure for jobs and the economy is really bullish, really, really bullish. so people know i think that we are in transition and we are pivoting towards reopening. people will return to work. businesses will have a chance to get going again and we're going to see if very strong third and fourth quarter, very strong. stuart: i won't belabor the point, john, that is what democrats are worried abought, i

simply ask you, do you agree with that that the third and fourth quarters are trans-- transitioning towards a strong economy this year. >> if we will have a double. we cosee a drop bit unemployment rate. could rise as high as 17% t could be under 10% by the end of the year. don't be shocked if in the second half we see payrolls growing more than one million jobs per month on occasion. stuart: okay. we'll wait for that. john lonski, thank you very much for being with us as always. we will see you again soon. >> my pleasure. stuart: we've seen the market come from a plus 300, 350, to a plus 200. i'm wondering if the events in hong kong you're watching on your screen now have something to do with our market. susan, come in please and give me the latest in hong kong. susan: running street battles are taking place again.

this is early evening scene in hong kong. more than 300 people were arrested after the midday hundred of time protests that were expected and planned, resulting in clashes between protesters and police. 300 people were arrested. we have pepper balls being sprayed again. they timed the protest in the middle of the day to coincide with the debate in the legislative council new national anthem law, would fine or imprison people that mock or abuse the national anthem. they are taking a stand what they see encroachment of beijing and loss of autonomy in hong kong to beijing. these are the latest pictures again. this is the causeway bay, one of the main districts. if you have been to hong kong, causeway bay is where you see the large building and shopping malls. looks like back to the scenes we

saw from last year. stuart: real fast, susan, the worse the crackdown by beijing the worse the violence, may be the stronger president trump's reaction to it, and that's maybe why the market is sold up 100 points on. dow what do you think? >> we've been hearing this. president trump says he will have a response in the next few days. peoplerying this, what can he do? probably will be sanctions. maybe he will freeze assets of chinese officials. that is the emotional extreme action he could do. something jimmy lai wants u.s. to take action. looks like sanctions. that in the end will hurt hong kong and financial system and eventually people fighting for their freedom. stuart: got it, susan. we'll stay on that. it is happening right now in hong kong. back home in afternoon the president attends, will be in florida, when two american astronauts blast off. it is the first-ever manned commercial spaceflight. lauren, a lot depends on the

weather, doesn't it? tell me about the flight though. lauren: there is 40% chance of stormy weather. if it cannot take off today it will try again on saturday. what you need to know right now, this is the first time a private company is taking american astronauts from american soil and blasting them off into outer space. here is nasa. >> we are, once again, launching american astronauts on american rockets from american soil. this is a unique opportunity to bring all of america together, in one moment in time and say, look, at how bright the future us. lauren: i think that really encapsulated it perfectly. this is what i think america needs right now, a stunning display of american achievement and patriotism. the first time that this is happening since nasa retired their, their space shuttles back in 2011. what a win for elon musk and

spacex. stuart: absolutely. i hear over the long term, spacex is going to establish some kind of, not a base on the moon but, something on the moon and use that as a relay point for nasa to take astronauts to mars. that's what i hear is the long-term plan. like to see somebody confirm that too. thanks, lauren. before the president goes to florida for that, the spacex launch the president will meet with governor cuomo. i guarranty the he will ask the president to get rid of the salt cap. ashley: these lie tech states, he didn't use the term, states like new york and california, they're high-taxed indeed you have to repeal salt to give tax relief to people who are getting hit hard by the covid-19

pandemic. taxpayers. not sure what kind of reception he will get but we also the governor the new york will push the president to really get infrastructure spending and big projects underway. it is a way to the got economy back on track and invest in what is much needed to repair the country's crumbling infrastructure as he put it, continuing to accelerate the repairs of la guard yaw. god bless him if he can do that. and projects like penn station. he is focusing on new york city, getting the city back up and running. it is still under lockdown even though other places within new york state have begun their reopening phase. we'll have more on the new york city lockdown coming out of later in the program. now this. our next guest says, these, on the screen, these are

joe biden's potential vice-presidential picks, kamala harris, val demings and stacey abrams. this is biden's latest goof narrows the field to likely contenders, the author of that statement is liz peek. welcome back, liz. always good to see you. >> nice to be on, stuart, thank you. stuart: you made the points. we enforced it yesterday that the vice president biden is boxed into a corner. he is virtually got to select a black female, am i right? >> it is totally right. this is major campaign malpractice. last week biden insulted his most important voting block which of course is african-americans. those are the people who basically gave him the win in south carolina which then got him the nomination. they know it. he knows it. so for him to insulted black voters as he did on "charlemagne tha god"'s program was unbelievable. now he is really forced to narrow his list of contenders

for the vp slot, i believe to black women. so we have three major contestants and the problem is all of them have some flaws. now that is probably going to happen with anybody but i think all of these people bring either a law and order background like val demmings other kamala harris or they're really not appealing to moderates in the party like stacey abrams. amy klobuchar was a very good fit. liz warren is the pick of democrats. i think she would have been a very good choice. but now he has to choose among three woman i believe who really aren't going to do much for the ticket. stuart: i think he has to choose pretty quickly as well. >> yeah. stuart: listen to what pastor darrell scott said about this on this show yesterday. rolled tape, please. >> i think, you know the black democrats are trying to use biden's blunder to pressure him into choosing a black candidate.

he already narrowed his choice down to a woman. now you have biden having to pick a black woman which i don't think he necessarily wants to do. if he caves to the pressure, that shows what type of president he would be. stuart: i think darrell scott there is saying exactly what you're saying. >> yeah. i think that's right and here's the biggest problem maybe, stuart. once he makes this announcement, if it is one of these three candidates, what buzz is there going to be? it will take any excitement out of the nomination. so really going forward, what are the exciting moments for biden's lockdown in the basement campaign right now? really choosing a vp is probably the number one and now it has become kind of, you know, a forced decision? so it isn't going to look good i think no matter what happens. stuart: i still don't think he is a guaranteed candidate for the democrats in november. i just don't think that is guaranteed. >> i never, i agree stuart. i thought, i never thought he

was going to be the candidate but here we are, and not much time left so who knows. stuart: liz, come back soon. we'll see you real soon. liz peek. a pennsylvania diner shut down after reopening against governor tom wolf's order. the owners are on the show later this hour to share their story. until more restaurants are open peep are eating more at home. you may be surprised to learn how much weight we're all gaining in quarantine. next "the wall street journal" editorial board calling push for democrats to vote by mail a nightmare. impact it could have on the election. ♪

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>> comes to the convention right now you're talking about $160 million of revenue poured into the state and, that has a massive impact. talking literally billions of dollars poured into the state at time needed most especially for restaurants and hotels and people struggling for the most. stuart: that is north carolina lieutenant governor dan forest on the show tuesday. president trump is giving north carolina's governor one week to decide whether the republican national convention can go to north carolina and get a full crowd in attendance. lauren this, is a dispute going on here. i'm sure other states would be jumping in. they would love to have the republican convention, wouldn't they? lauren: georgia, texas, even florida. listen to governor desantis. >> florida would love to have the rnc. heck, i'm a republican. it would be good for us to have the dnc in terms of the, in terms of the economic impact. when you talk about major events

like that. we should try to get it done as best we can in accordance with whatever safety requirements, if we can get that done, do it in a way that's safe that would be a huge economic impact for the state of florida. lauren: so the democratic governor of north carolina, roy cooper, has one week to make his decision. i'm sure he is keeping in mind the safety and the, the medical impact of all of this but there are about one million people in north carolina out of work. so if you look at the economic impact, the rnc back in 2016 brought in $180 million. this would be a win for any state and city that do in fact get it. we'll know in a week. stuart: there's the presidential tweet saying hey, you got a week to decide on full attendance. lauren, thank you. now this, with the pandemic and a fast-approaching election coming up, some states are assuring registered voters they can vote by mail-in ballot.

indiana senator mike braun with us. mr. senator, may i, may i kick this off by saying i think it will be a catastrophe. you would have delays. you wouldn't have results for days. you would have contested signatures. it would be an utter mess. are you with me on this? >> you know, basically i am, stu. you can read "the wall street journal" article that articulated it well but there are valid issues at stake. we want the vote to be secure and you do not want any voter suppression. so boils down to, do we have a system that is broken? i don't think so. i think if it is not broken why try to fix it. it is another one of the speakser pelosi's attempts to move more of the agenda broadly into this whole discussion of coronavirus. but when it gets down to the nitty-gritty let's look at the different ways to vote. compared to years ago and now

you can vote early. you can vote through absentee ballot. you can have a representative do it. that is where you get into issues where somebody else is retrieving a ballot. what do you think has more opportunity for probably bringing fraud into it? the machines, the technology are so good that, i think we ought to stick with that as primary cornerstone. i want to give you an interesting story, happened here in my hometown of jasper, indiana. 2015 we had a mayors race that ended up 1856 to 1856. in other words a dead-heat. i was sitting there watching the vote come in. and it was decided eventually by a technicality where an absentee ballot, the envelope was not initialed, there were probably three or four other ballots that were in dispute but that's the one thing that did it, that is technicality. that is what you get into when

you want to go to this idea of moving away from technology and machines to mail-in ballots, not to mention the u.s. postal service and all issues that might come along with it. stuart: so your position is, stick with the machines that we've got but make the ballot accessible in some way with strict rules on mail-in ballots, is that where you're coming from? >> definitely. and in areas of voter suppression, that cannot be tolerated. you need to focus in on those particular areas rather than do what democrats, speaker pelosi has been trying to do through this whole episode. take advantage of doing things broadly, just like one size fits all approach to the pandemic which i never agreed with. i think that is playing out currently in the state has had the latitude to do what they flow is working in the trenches. they are going to be the ones coming out landing on their feet and we're going to have a great

test of that unfolding right in front of us. so. stuart: senator braun, it is always a pleasure to have you on the show, clean cut, straight at it, we love that thank you very much, sir. >> thank you, stu. stuart: sure thing. back to the market. we still got a nice rally going here, certainly for the dow industrials. we're up 2000 points as we speak, 25,200 on the dow. listen to what doc siegel had to say about the virus mortality rate last hour on this program. roll tape, please. >> we know we're only seeing somebody when they really get sick go into the hospital and god forbid pass away. so of course the percentage of people who get covid-19 and actually die from it is way less than what we were ever being told. that's why the .4% in my opinion is totally accurate. stuart: all right. ashley is with us. is this total number of cases you've got here? ashley: yes, yes. the number of virus cases has

risen by 1.1%. that is the slowest pace since march when we started to see, you know this, pandemic take off. that is a very encouraging sign. you know, new york governor cuomo, we were talking about him earlier, he is meeting with the president this morning, he says we are well and truly on the other side of the curve. again as i said earlier, he is focusing now getting new york city reopened. by the way, new york city has hired 1700, what they call contact tracers who will start their work by june 1st, which i believe is next monday. these are the people who track down anyone who may have been exposed to someone who has tested positive. but it is another way of getting control of this while at the same time reopening and giving getting the economy going again. all the signs are positive. it may go at a fairly slow rate, when you look at these numbers, there is no doubt about it, we are definitely on the other side. stuart: that is a very important point. ashley: yeah.

stuart: we're on the other side and economy is reopening. that is a big reason why we got a stock market rally on our hands. up 500 yesterday. up 250 so far this wednesday morning. ash, thank you. cracking down on china. what one senator is proposing now to protect our covid-19 vaccine research from being stolen. we have got the story. how will disney world reopen? disney is delivering its proposal right now. we're monitoring it. we'll see what it looks like when it reopens. we will monitor the headlines. owner after pennsylvania diner slapped with a temporary suspension for defying state orders to stay closed. they say governor tom wolf throwing a quote, tyrannical temper tantrum. ♪.

stuart: we're still up50 point. one hour into the trading session, we'll take it. we're up 500 yesterday. how about apple and microsoft, apple surpassed microsoft going into first place in the elite list of largest u.s. companies. apple is up today. microsoft is way down back to

177. boeing, "the wall street journal" says the company is going to begin temporary layoffs dropping 2500 jobs. investors kind of like it. stock is up to 147. >> this is the airline stocks. watch them go. they were badly beaten down. they are coming up this morning. united up 2%. their gains have been much more than that earlier. same with the cruise lines. they went off with a pop at the opening bell this morning, they're still up, but not as much as before, but that is quite a recovery for the cruise lines, carnival, royal caribbean all of them up 3, 4, 5%. very good. staying with the travel themes, some areas of country, some areas are quarantining tourists. grady trimble following the story. grady, i live in new jersey, if i fly from newark, new jersey, to florida, are they going to

put me in quarantine? >> well, it is a self-quarantine. it is sort of up to you to follow the rules but at least in florida, what the rule is, is anybody coming from the tri-state area in new york as well as louisiana, is required to self-quarantine for 14 days that was put in place several weeks ago, but it seems that it is still in place in florida. other states have even more stringent self-quarantine requirements maine, delaware, hawaii. all people coming into those states are required to quarantine for 14 days. the question becomes is this enforceable? well in hawaii, a man from new york traveled to hawaii. he violated the quarantine order in that state. he posted all about his travels on instagram. he was actually arrested. but for every person like that, there are likely thousands and thousands of others who are not getting into i trouble for violating self-quarantine rules but it is something to keep in mind, stuart, as you plan your summer get aways, which states have these, which states don't.

the question whether there will be pressure on states to have them and lift them to open things back up to tourism. stuart: our next guests are owners of a diner in york, pennsylvania. they reopened despite the state's shutdown orders. they are with us now. to you first if i may, is your diner open now? >> yes, we are. pleasure to be with you. stuart: what is going to happen to you? you've been open in the defiance of the rules, kristos. what do you think might happen to you? >> we'll appeal this, we'll fight it. we the people of this country have the right to do what's necessary, not to be infringed upon and we're here to give the people the freedom that they want. freedom they demand. stuart: demos, what you said, i

think you said the governor of the state is in a tyrannical temper tantrum. >> yes he is. chris said that he has been doing it. we are the people of the greatest country in the world and they tried to push us down like we are in, all the communist countries. we're not taking it, we're not going to, we should not have these licenses weaponized against us. stuart: what is the reaction much your customers? have you got people coming in? are you doing good business? >> they love it. they love us. we have whole pennsylvania -- >> we just those and thousands of people travel from almost like 2, 300 miles away to support us. stuart: have you got all kinds of standards in place like social distancing and cleaning

the tables that kind of thing? what are you doing to make people feel everything's okay? >> definitely. we understand the cdc recommendations, we have taken all those precautions necessary to protect the people. stuart: what will you do, if you are fined? i mean, owners of a gym in new jersey, they were shut down, the police arrested some of the people who had gone inside of the gym, what would you do if you get a response like that in your diner in pennsylvania? >> i don't care. i, i'm just -- i'm not going to back down. >> that's right. >> i'm not back down. i believe in freedom. stuart: okay. you got a lawyer? >> yes, we do. yes, we do, stuart. stuart: so you're going to appeal this, this shutdown warning and whatever happens, you're going to court, you will have this out. do you think it is possible, there is a lot of pressure on the governor here, that he will

back off and say, okay, okay, i can't force you into bankruptcy. get on with it? >> he should, stuart, he should. we agreed to the lockdown to flatten the curve. the curve has been flattened. time to give people freedoms, give it back to the people. give the freedom. stuart: gentlemen, look we want to thank you. you've been on tv a lot. you've been on our show. we really appreciate that, we'll stay in touch with you. we want to know what happens to you and your business. >> we need your help, yes. thank you, stuart. flatten the fear. stuart: you got it. >> thank you he have much. have a good day. stuart: sure thing. i want to stay on the theme of businesses reopening. edward lawrence is with us. you have got news on the payroll protection program, please. reporter: yeah, exactly. it has been eight weeks now since the program started on april 3rd and the first of the pay re protection program loans are now being made

forgivable. this is the 8th week. the applications started to come in this week. those applications going to the bank where the loanorg originated. basically that criteria if the company has same average monthly pal role since 2019. there can't be less than 25% difference. the 11 page application reviewed by the banks here, the first of those ppp loans are now being made forgivable. back to you, stu. stuart: forgivable. that is very, very important. if i'm on the receiving end of that loan, i want it forgiveen, thank you very much indeed. edward, thank you very much, sir. as you've seen on this program, you're looking at it now, the protests in hong kong have been heating up today and the president is saying he sis is going to hold china accountable. we'll toll you how china is responding to that in a moment.

one lawmaker trying to protect crucial covid-19 vaccine data from being stolen by china. we're on it. you wouldn't accept an incomplete job from anyone else. why accept it from your allergy pills? flonase sensimist. nothing stronger. nothing gentler. nothing lasts longer. flonase sensimist. 24 hour non-drowsy allergy relief

>> have one country and two systems. now we're seeing an attempt i think, to have one country and only one system. that takes away a lot of freedom in hong kong. stuart: that is larry kudlow, tuesday, this program, on the threat of china is posing to hong kong, basically taking it over. meanwhile drug companies around the world, they're racing to create a vaccine against the virus and they're trying to protect their data from china. let's bring in senator rick scott, republican from florida. senator, you have a bill to address this issue. tell us about it, please, because this is vital stuff. >> oh, this is vital. we've got to get this vaccine done. we have evidence that communist china is trying to sabotage america's development of this vaccine. so we got to stop what they're

trying to do. p so i have a bill, if you're a chinese student, you want to come into this country to be a part of research or development of this vaccine we'll thoroughly vet you. communist china will not have a impact on the development of our vaccine. let's remember this, if america develop as vaccine we will share it with the world. if communist china develops something they never share anything, they never help anybody around the world. they only care about the government of china. it is communist china. they're not our friend. they're our adversary. we have to defend ourselves. stuart: understood, senator, but at the same time when you're targeting chinese students coming to america that puts them under something after cloud, there is element of suspicion. i suspect that's a problem, sir? >> no, that is way it should be. every citizen of communist china has to, by law, has to spy on behalf of their country, they have to. that's the law. and so i want to make sure if

there is a chinese student coming here, they are not going to be participate of development of our vaccine, unless we have done thorough vetting so we know who they are and why they're coming and they're not going to be part of sabotaging the development of this vaccine. we have to get the vaccine developed. communist china will try to sabotage. stuart: what about chinese people coming in from taiwan or singapore or even hong kong? >> no. only, this only targets people from communist china. by the way, look at what communist china is doing right now, taking away basic rights of hong kong citizens that were granted them when this was turned back over to communist china. they were guaranteed basic rights. communist china steals our jobs, steals our technology, lies about this pandemic, kills a lot of american citizens and kills a lot of american jobs. we have got to think about what they're doing here. they have become a clear adversary. do not buy anything from communist china. stuart: sir, you seem to be leading the charge because it

looks like, we've got a new cold war going on here, america and china, you've been really outspoken leading the charge to make china accountable. are you comfortable with your position? >> absolutely. and by the way this, is all, not what america is doing, it is what come night china is doing. remember it is communist china run by the communist party. xi is the general secretary of the communist party. that is what he is. he is not duly-elected president like our presidents are. they have become a clear adversary. we have got to wake up. the biggest thing we can do, stop doing business with china. stop buying chinese products. stuart: we hear you very loudly and very clearly senator rick scott. i believe you're heading over to the launch of the astronauts later on today, is that correct? >> it will be fun. if you remember i got elected governor, back in 2010 obama shut down manned flight.

it cost unbelievable jobs in space coast. blue origin, lockheed, boeing, to expand, we have robust private sector space industry there. today is the first time we'll send astronauts to space. it will be exciting day. stuart: senator rick scott, i wish i could be with you. i would love to see the launch much a major rocket launch but i'm hooked into new york. always a pleasure, sir. check the market. we're not down. we were up over 300 at the start. now we're up just over 100 points. i suspect that hong kong's got something to do with it and also the decline of big tech. they are sharply lower, the big tech stocks and the dow 30 include apple and microsoft. microsoft in particular is way, way down. that could be weighing on the overall average. but we're still up 110 for the dow. netflix, that stock price is

down, what, down 3 1/2% and it has been down i think for seven days in a row now. that is the longest losing streak since july 23rd of last year. where it was down nine days in a row. it just dropped below $400 a share. maybe people are looking towards the end of the lockdown when we won't be watching so much netflix. maybe so. how about walmart? teaming up, i don't believe this, they're teaming up with a secondhand clothing company. it is called thredup, to boost online fashion sales. lauren, i would say something after contradiction, secondhand clothes and fashion. ashley: but it is affordable. it resonates now with many many people looking for new clothes maybe amid job loss during coronavirus. if you go to walmart's site. thredup sale.

this is give them the fashion in particular which they've been trying to do for a long time and good for thredup because of the reach walmart has. people are looking for discounts now. i have one fact, this comes from walmart and thredup. they said each selling, more tops than bottoms. i think you know the reason for that. stuart: a lot of people are doing teleconferences. a lot of people are broadcasting from home. stuart: effects of virus are nonenedding aren't they? susan with more news on the lockdown. susan will tell us how much weight have we gained? susan: on average five pounds according to the latest survey by naked nutrition. it is called the covid-15 than covid-19. you heard from 2,000 citizens. 65% of the citizens said they

left themselves go a little bit in this quarantine environment. stuart: let themselves go. susan: that it will take eight weeks to get back to precovid bodies. 46% say they're sticking to eating more protein. 54% eating a lot of vegetables. yeah, right. i'm stick towing my diet of pizza and beer. no, i don't drink beer. stuart: i don't, no you're not. i like the expression letting yourself go. susan: a little bit. we're bringing up the pizza stocks. they are the out right winners in the stay at home environment, right? papa john's announced earning this morning. did you know their may sales went up 33%? that is why the stock is up 17% this year. they're hiring 20,000 workers. dominos, i should announce, up 27%. and looks like same-store sales went up 14% in the third quarter. stuart: weight gain 5%, five pounds. no wonder with papa john's and

dominos doing well with the pizza stuff. thanks, susan. i will show you a live shot of new york's sixth avenue. look at that. almost deserted. the city has been shut down more than two months. i say, this is america's biggest city. i think it is going through radical change. furthermore, i don't think it will be the same again. more on that in my take which is coming up shortly. we have another lockdown winner, bacardi. they're bottling mixed cocktails, just open and pour. growing new trend. we'll discuss it next. ♪. want to brain better? unlike ordinary memory supplements neuriva has clinically proven ingredients

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stuart: i believe that the fastest growing sector the drinks business is ready-mixed cocktails. i think i'm right. i know i'm right because of the lockdown. ned duggan is with us, senior vice president at bacardi. ned, welcome to the program, am i right? that is the fastest growing sector? >> thank you for having me, stuart. yes, that is the fastest growing segment in the category today. stuart: here is a commercial. it is for you. what are you offering in the ready mix cocktails arena? >> bacardi just launched three

flavored ready to drink cocktails. we have bacardi lime and soda, lemonade and my favorite, bacardi rum punch, a mix of pineapple juice, mandarin orange, papaya, passion fruit with bacardi premium rum and cain sugar for sweetener. stuart: if i drink one of those drinks, entirely, one of those cans, does it knock me on my back? >> it does not knock you on your back, no. these are 5.9% alcohol by volume. about the same as drinking a glass of wine or a beer but you're drinking a great spirit-based cocktail. stuart: how many calories? >> depends on the flavor. if you're worried about your waistline, i go with bacardi lime and soda which is about 150 calories. stuart: are you just putting them own the market now, or have they been on for some time? >> they have been on the market six to eight weeks. we had such a great response, we

actually doubled our forecast. we're excited about the response we've gotten so far. just in time for summer. we know a lot of people are going to be unable to go to the beach or on vacation. so we're bringing the beach to people's backyards. stuart: make it easy for everybody, okay? ned, sorry so short. you have got a good commercial out of me a lot of viewers saw that. thanks for joining us, ned duggan from bacardi. >> thanks for having me. stuart: new york's governor cuomo, set to meet the president at the white house at the top. hour. if we get a headline out of that we'll show it real fast. look at almost empty sixth avenue. this is a live shot. i don't think the city ever will be the same, when weigh come back. i will tell you why in my take which is next. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

stuart: all right. it is precisely 11:00 eastern time and the markets, well, we've still got a 100 point gain for the dow industrials but we were up 350. i just want you to take a look at big tech, please. they are all big-time down, especially microsoft. now, microsoft is a dow stock. so is apple. but look at microsoft, down 2.2%. that's really dragging the dow down. i don't know how many points it's taken off the dow, but quite a few. big tech down today. now, at least -- actually, it's six states in total that are easing restrictions. i'm focusing on just two at the moment. colorado, restaurants can reopen

for in-person dining but there's reduced capacity there. in minnesota, places of worship can open at 25% capacity. that's not very much. there is a gradual reopening. happening today, an historic spacex launch in florida. earlier, we spoke to senator rick scott from florida. he says he's been waiting for this for a long time. roll tape. >> in 2010 obama shut down manned flight so it devastated unbelievable jobs in the space coast so we recruited companies like spacex, blue origin, boeing, lockheed martin, all of them to expand there. now we have this robust private sector space industry there so today, it's the first time they're going to send astronauts to space. this is an exciting day. stuart: yes, and the countdown is on. phil keating is there live from cape canaveral. phil, take me -- i'm excited by this. i wish i was there. take me through it. reporter: absolutely.

it really feels like back in the day when we launched space shuttles. that's the level of excitement here all over the area, not just in kennedy space center. even though nasa, because of coronavirus and distancing concerns, is advised and publicly urging everybody not to drive to the cape to watch the launch in person, everybody knows a lot of people are going to do it anyway. we expect a lot of people along the beaches. that's the launch pad behind me, launch pad 39a, the historic one that launched apollo 11 up to the moon. you can see the falcon 9 rocket, spacex's monster rocket, on top of which is the spacex crew dragon capsule. this has flown once before in a test flight a year ago. it went successfully to the space station, docked, stayed for a few days and came back and splashed down. well, this is the first time a private space company, spacex, will actually launch astronauts into space. those astronauts are doug hurley

and bob behnken. they both flew on the shuttle two times. hurley flew the last space shuttle flight and landed the "atlantis" in 2011. both men are cool as cucumbers, excited and ready to go because it's a brand new vehicle. we have only done this four previous times where astronauts do the maiden voyage on a brand new, untested spaceship. first it was mercury, then apol space shuttles. let's get to the weather. that's the one big concern. aside from the weather, everything is a go for this launch to happen at 4:33 p.m. eastern time. the weather issue is that there has been a lot of rain and a lot of clouds in the area of the cape for the past three straight days. monday was an absolute deluge. each morning has been severe weather. this morning it was actually

lightning and thundering here. the launch forecast had been 60% favorable weather for this launch to happen. it has now dropped down to 50/50 from the 45th air space wing meteorologists. we will see how the day progresses here. it's a 50/50 shot but everybody is hoping it happens. stuart: i'm jealous. i'm truly jealous. i wish i could be there. you get all the good stuff, man. you really do. all right. reporter: these are fun. stuart: i'll bet. thanks very much, buddy. you can watch the launch live, 4:00 p.m. eastern right here on the fox business network. that would be of course weather permitting. i've got news on disney. they presented their plan for reopening and they are targeting july 11th. that's important. that's the reopening date for the magic kingdom and animal kingdom in orlando. we are monitoring the presentation and will keep you updated. we've got disney at $121 per share. now this.

new york is america's biggest city. it's been shut down for over two months. it will come back, but it will not be the same. that's my opinion. this is sixth avenue. that's a live shot. it's 11:00 on a wednesday morning and that place is almost deserted. look at it. to bring this back to life, the giant office buildings which line the street, they've got to staff back up again. you know, in the age of social distancing, and liability lawsuits, that is unlikely to happen any time soon. that means fewer jobs, less tax revenue and sharp downward pressure on apartment and office rents. can you see radio city music hall, it's just down the street, you can see it right there, it's on the street, there are 6,000 seats in radio city music hall, 6,000. it will be a long time until those seats can be filled again. the same is true for the theaters, close by.

that means a serious downturn in the city's entertainment industry which is a backbone of the city and huge money earner. how many aspiring actors, stage hands, musicians, ushers, makeup artists, cleaners, security people, how many of them will not be coming back to work? how many tourists will not turn up and will not occupy a hotel room? then there are the restaurants and bars which make up a huge part of the city's social life. many will not reopen. bartenders, waiters, cooks, out of work and probably going out of town. i know a lot of young up-and-comers who ask what's the point of living in a city in an expensive apartment box, because that's what it is, when meeting other young people is much more difficult, and there are fewer young people anyway. i'm not blaming anybody. this is not a political my take. i'm simply pointing out that america's biggest city is undergoing radical change. it will not look and feel like

the new york city we have known. even if it was opened up 100% tomorrow with no restrictions, it would still not be the same. that, i'm afraid to say, folks, is the new reality. i want more on this from brian brenberg, professor of economics and fox news contributor. i say that the biggest change in america will take place in our cities. what do you say? >> i agree, stuart. you know, aadaptation has been the key to a city's survival. but to do that, new york has to attract creative people. the problem is, you saw this even before the pandemic, more and more people are leaving cities like new york because of the high costs, because of the bureaucracy and they are testing out other urban areas in the country. think about this. right now, 15% of manhattan residents have left manhattan in this pandemic. where are they? in raleigh, tampa, tucson, out across the country, finding out

what it's like to live and do business in other places. i got to tell you, stuart, i think a lot of them are going to find these are good places to be. why do i want to go back to new york city. stuart: what's the economics of this? what's the economic impact if this is true of a lot of the major cities in america, where there's los angeles, chicago, new york, what's the impact economically? >> exactly. here's the impact. these cities have massive high fixed costs. you have things like pension plans, you have public transit, you have the unions which have strong sway in the governor's office and mayor's office. all of that costs money and the problem is when you lose these businesses, when you lose the big financial firms, when you lose the entrepreneurs, you lose tax revenue. these cities, these states were already in trouble. that's why they are asking for a big bailout. that's why they want a trillion dollars from house democrats but the country's saying no, you created this problem yourself, you need to fix it yourself, it's your own policies, get thy

own house in order, don't ask the rest of the country to solve your problems right now. stuart: do you think the problems of the cities will mean not such a robust economic recovery? >> in short term, it will, because these cities are engines of economic growth. at the same time, these smaller metro areas, some of these rural areas are dying for the opportunity to take the lead and they are out recruiting people, come here, start your businesses here. these places are vibrant and growing. they are ready for breakout. new york city, chicago, los angeles have competition right now that they have never had before. i'm actually optimistic that some of these smaller metro areas, if new york, if chicago doesn't get their act together, they are going to step up and deliver and you are going to see the balance of economic power shift in america. stuart: i've got to tell you, i don't see how you can get your act together when you are facing historic problems and now the new virus problem. i don't see how you get your act

together, you know? last word to you. >> there are leaders in this country who are doing it. look at florida, governor desantis and the way he's leading right now. contrast that with governor cuomo. new york city doesn't have to go down the road to deterioration but it needs leadership that isn't focused on entrenched interests. good luck to chicago, good luck to new york city on that. they need it and i hope people are there to fight for it. stuart: mr. brenberg, professor brenberg, thank you very much for joining us. we will see you again real soon. thank you. i've got to get back to the breaking news we brought you on disney. magic kingdom targeted to reopen july 11th. lauren, you are listening to their reopening presentation. any other headlines? lauren: it's going to be a phased reopening. as you noted, magic kingdom, animal kingdom first. so this is more than a month after universal is opening, july 11th. a few days after that, epcot and hollywood studios, july 15th.

five safety protocols to be honored throughout the park including face masks and hand washing stations, physical distancing and temperature screening. so if you go there, at the entrance, your temperature is taken and of course, all the employees and cast members. quickly, no firework displays, no parades, no play areas will be open, no character meet-and-greets. it will be much different but a safer disney experience. stuart: we have dates firm of when they are reopening those important theme parks. all right, lauren, thanks very much indeed. i just wonder if the dates now certain have affected the dow because that's really turned around. now we are up 180 points. any kind of opening up is probably good news for the market. by the way, look at the airlines. they are doing -- look at that. american, united, jetblue on the upside, significant gains there. come in, ash. have you got the latest tsa figures, please? ashley: i do. as for the airline stock prices,

they only have one way to go, right? let's look at airport travelers. we have been keeping track of the number of individuals screened by tsa. i want to bring up this graphic for you. on april 26th, this is compared to last year, the number of people coming through tsa checkpoints was down 94.8%. now look at this. a month later, may 26th of this year, compared to last year, okay, it's down 89.2%. however, that is an improvement. we look for our crumbs of comfort and we are seeing more people getting on the planes, like 300,000 compared to two million and something, but we are starting to reemerge. now, look at restaurant diners. this is compiled by open table. on april 26th, people making -- going to restaurants, making reservations, was down a staggering 99.9% compared to the year before. but check out may 25th.

86.8% down from a year ago. so okay, it's all a matter of -- it's relative, right, but i do believe as we are seeing just little segments of the economy, going to restaurants, flying on a plane, slow but steady improvement. we are getting there. stuart: you've just got to see that improvement and we are seeing it. that surely helps. i'm going to put another stock on the screen and that is 3m. the ceo says the company's seeing positive improvement in china. 3m also says, what else are they saying? there we go. significant strengthening of personal protection business. 3m is up 2.5%. netflix, the stock is down again. yeah, down 14 bucks. right there at $400 a share. it's been down for the seventh straight session of losses after hitting an all-time high seven sessions ago. boeing, i think we have news on the layoffs there. susan? susan: they were expected to lay off 16,000 jobs, according to an

e-mail by boeing's ceo david calhoun. they have notified the first 6,700 of the u.s. team members that will be affected in this. it goes on to say that some customers reporting that reservations are outpacing cancellations on their flights for the very first time. so there are some green shoots and some recovery in the airline business which of course, you can buy boeing planes so it looks like 6700 are probably the first layoffs in the 16,000 that boeing announced at the end of april. stuart: we got the number. we got the news. the stock is up 30 cents. got that. now, just moments ago, governor cuomo of new york arrived at the white house for a meeting with the president. is he going to push for a repeal of the cap on salt deductions? we will give you any news out of that meeting. after that meeting, the president heads to florida to witness the first human space flight from u.s. soil since 2011. we will be following this on fox business for you all day long.

we now know when disney plans to reopen their orlando parks. a former disney imagineer says he's not sure people will come back the way they have put out the new safety measures. he will make his case later in this hour. democrats reportedly concerned that an economic boost could help president trump win re-election in the fall. of course they are concerned about that. will that put pressure on the blue states to open more quickly? we will discuss that one for you next. you turn 40 and everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though.

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coming months. the stock is virtually unchanged. disney, the magic kingdom, targeted to reopen july 11th. they are also looking at july 15th to reopen epcot and hollywood studios. investors kind of like that and so does florida, of course, because that's a major tourist mecca. the stock is at $121. more on the reopening of america. a total of six states will relax a little today, including colorado and minnesota, places of worship in minnesota, 25% capacity. that's not much. restaurants can open for in-person dining with limited capacity in colorado. incremental moves towards a great relaxation. martha maccallum is with us, host of "the story" on fox news. you know, martha, i'm sure you have been covering this. there is mounting pressure to reopen more quickly the blue states which have been dragging. you have been reporting on this, i think.

>> we have. obviously new york, new jersey, long island, connecticut, some of the hardest hit states during the course of this pandemic, but there's a lot of pressure in those states, on these governors, to get things opened up again. they have sort of the other pressure on them which is reviving their economies so that they can get re-elected, so that people in their states feel positive about the leadership they are getting. they are really walking a fine line here and there's a lot of politics involved which i know you have covered very closely, stuart, but at some point, something's got to give for these blue states and they've got to figure out a way to get their economy back up and running safely and strongly because if they don't, they will be in a lot of trouble. stuart: jason furman, a top economist in the obama administration, made some waves recently when he said we're going to see the best economic numbers we have ever seen and we'll see those numbers right before the election. i think that has democrats, blue

state guys, really horrified that you might have a rip-roaring economic recovery right before the election which would be terrible for the democrats. i have taken the rather cynical position that maybe the blue state guys are dragging their feet because they don't want a rip-roaring economic recovery. but i'm being cynical and i know it. >> i mean, i think there's a lot of that at play here. i think that that statement by the former obama economist was very interesting. of course, as you look at economics, when you've got some of the worst numbers we have ever seen in the course of history in terms of the total decline of the stock market, the complete collapse of the employment market, you are likely to get the largest ever on the other side of that as well and that's the v-shaped recovery that the president says he thinks that we will see and jason furman basically made that same argument. and it could happen, you know, pretty much at the worst possible time for democrats if

you're looking at it from a purely political perspective. heading into october and into november, which would be, you know, obviously a big boost for the president. we all want the economy to recover in this country. the regular folks across the country don't really care about that, but you are seeing i think a lot of politics and a lot of sort of puppeteering with these numbers and strings to make things go in their direction. stuart: well, listen to what white house economist larry kudlow has to say about the recovery. this is what he told us just the other day. roll the tape, please. >> the six months ahead measure for jobs and the economy is really bullish, really really bullish. so people know, i think, that we are in transition and we are pivoting now towards reopening. people will return to work, businesses will have a chance to get going again, and we are going to see a very strong third and fourth quarter. very strong. stuart: very strong third and fourth quarter. that's what jason furman was talking about. that's what the democrats are

worried about here. >> and the top democrat who is running for president against president trump, the assumed democrat nominee, joe biden who recently emerged after ten weeks in his basement is going to have to start to answer some of these tough economic questions and where's he going to go here? you know, what's his strategy? he can say that the president, that his actions hurt the economy, he can go back further than that and say look, if the president had handled all this differently from the beginning in terms of testing and ppe and masks, that we never would have gotten here, but his argument becomes a lot more difficult, he's not going to want to argue against a reviving economy so he's going to have to go further back in the timeline to figure out where he wants to place the blame in all of this. stuart: i got to tell you, i'm really happy to be in the news business in the year 2020 because this has been the year of news. we aren't even halfway through yet. unbelievable. >> it's unbelievable. stuart: i will be watching and

so will our viewers tonight, 7:00 eastern time. we will be watching. thanks very much. appreciate it. all right. >> good to see you. stuart: you, too. change the subject. let's go to the banks. susan, a shift in behavior, mobile banking taking off, not for me, i hate it, but that's another story. susan: we will show you how to use the apps after this. a lot of people are. according to the fidelity national infoservices which works with the world's 50 biggest banks, they say they have seen a 200% increase in banking registrations and this has people moving to mobile banking, this has 85% more use so far and traffic over this covid-19 and that's a 20-time increase in volume. americans are checking their accounts, guess what for, and this is for stimulus payments. usually they check their accounts maybe once a day but multiple times a day, 40% plan to return to physical branches after this but read between the lines. only 40% of them, that means 60%

are sticking with mobile banking. stuart: i just want my bank branch to reopen so that i can do face-to-face with a teller. susan: wait in line, sign the check, you know, write the -- stuart: i know what i'm doing there. i'm lost on my phone. let's not get into it. you know the story better than i do. moving on. more than two dozen states, i should say, in more than two dozen states, you are now allowed to camp overnight. i would have thought this was going to be real popular this summer. the great outdoors. well, is it going to be popular? we will talk to the guy who runs campgrounds of america, coming up on the show. 38 million people filed unemployment claims just in the last nine weeks. our next guest says look at google searches. that could indicate a new wave of layoffs on the horizon. yeah. more after this. ♪

stuart: we have been open two hours on this market and are still up nicely for the dow, up 184 points, but down on the nasdaq, down on the s&p. take a look at disney again.

i should tell you that their proposal to reopen the magic kingdom and animal kingdom on july 11th, that has been approved. the stock still at $121. let me give you the news on boeing and layoffs. nearly -- look at the exact number on your screen, 6,770 temporary job cuts at boeing. they have been notified, those people. amtrak, they are cutting 20% of their work force. that is according to the "wall street journal." what you're looking at here is anything travel-related, you've got real problems with long-term job losses. amtrak down 20%. market watcher d eer daniel dimartino-booth is back with us. we have had a huge wave of layoffs, 38 point something million in the last nine weeks. why do you say we are in for another wave of layoffs? >> well, the beauty of the internet is that you can see

google searches on a day by day basis. what we have seen over the last few days is an arrest in the decline of google unemployment insurance searches. in other words, we are starting to see a pickup once again of people searching for what happens when i get laid off. this kind of coincides with some of the larger names that we have seen come out and announce such as boeing and amtrak that you just mentioned, and announce they are going to be pushing forward with layoffs. we are also trickling into june here next few days and we know paycheck protection program layoffs will also begin june 30th for smaller businesses that don't feel they will be a viable going concern moving forward. stuart: you're right, i have not thought of this, but you are right. a lot of people were furloughed back in late march and early april and they were furloughed, they will hear more news on june 1st. june 1st is just around the corner.

a lot of those people will find out are they laid off for good, have they lost their jobs. that's why they are searching for another job and paycheck protection. if you are right, and we do get a second level, second wave of layoffs, what do you think that does to the stock market? >> well, i think the stock market will start to sense this pretty quickly. it's very much a forward-looking mechanism, as you know. so i think we will begin to see that priced in. what could concern investors and should concern the economy is that what we are seeing is a ticking up in the income level of people being affected by layoffs. there has been some great studies out there, more than two-thirds, talking more than 16 million americans who are collecting unemployment insurance have effectively gotten a raise and in some cases, a huge raise. one in five collecting unemployment insurance has seen their take-home more than double. so that's i think part of the resilience we have seen in consumption, but you look at the

flipside of that, and what we are starting to see come out in the daily trends and searches is that higher income americans are beginning to be concerned about losing their jobs. that will not help. the $600 a week will not touch people who make a lot more money that won't be offset. stuart: 30 seconds. we have heard from larry kudlow on this program that the third quarter of the year is transitional but we really start to move and in the fourth quarter, we will be really moving ahead very smartly on this economy. do you agree with that analysis? >> i think it remains to be seen. i think it's premature to make that call at this point because again, we have so much uncertainty going forward. if we do have a second wave of higher income employees, that will definitely act as a governor on growth going to the third quarter. stuart: you have been spot-on so far and we appreciate your help in analyzing this economy and this market. thanks for joining us again. appreciate it. >> thank you. stuart: sports. slowly coming back. listen to this.

the nhl, hockey people, have announced a 24-team playoff season. ash, the hockey -- the sport of hockey is all about the playoffs. that's the only thing people watch, isn't it? ashley: it is, and trying to explain what they are hoping to do, it would be easier to explain the theory of quantum physics. nevertheless, they are talking about it. these are the potential nhl game sites. they are going to pick two of these cities to be the hub cities where teams will play each other in the playoffs in front of empty stands. now, 24 teams instead of 16 teams will go no tinto the play. that's where it gets really complicated. the two hub cities that will be picked, they will have secure arenas, hotels, practice facilities, on-site covid-19 testing. it's going to be quite the deal. they were originally going to pick four hub cities but decided it would be easier to do just two. the players have agreed to it. the nhl has approved of the

format. but the official nhl players association has yet to sign off. but they are hoping to get this sorted and the sooner, the better. as i say, almost everybody makes the playoffs, apparently. stuart: all right, ash. thank you very much indeed. a little bit more on sports. patriots owner robert kraft is speaking out about fall ball. where did that expression come from? fall ball. what have you got on this, ash? ashley: fall ball, yeah, robert kraft talking to hannity last night says he is very hopeful that they can, in fact, get the season going in the fall. take a listen. >> well, we very much, we are preparing to hopefully play football this fall. we're working hand-in-hand with our union. we believe we developed protocols that allow us to do it in a safe way and looking out first for our players and our

personnel and then, of course, the fans. i believe we can do it. ashley: of course, we're not sure how that will -- how, you know, are they going to be playing in empty stadiums to begin with, we're not sure. bottom line is, nfl hoping to get their season started in september. fingers crossed they can do that. stuart: got it. thanks very much. sports fans, don't have to wait until the fall for entertainment. nascar is already back. you can catch, what is it, alsco, the alsco uniforms 500 is tonight, 8:00 eastern on fox sports. got it. much more on the break news this hour. disney's plan to reopen approved. however, our next guest says they've got to be careful, if they want to cokeep their loyal customers. a former disney imagineer will join us. if you are planning a trip to disney or anyplace else,

listen to this. the best airline in america just announced. we will tell you what it is, after the break. ♪ look, this isn't my first rodeo...

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♪ stuart: sorry, caught me singing there. i used to like that song. got a certain rhythm to it. there is news on disney. we've got their reopening plans for the theme parks in orlando. i want dates, please, lauren. lauren: two of the parks, magic kingdom and animal kingdom, will open their doors july 11th. you need to make a reservation in advance. the parks will look much different. no parades, no fireworks, you have to wear a face mask. your reservation is done ahead of time. you pay, it's contactless.

they take your temperature at the entrance and there will be signs displayed everywhere saying things like help us protect the magic. one more date for you. july 15th is when the other disney parks, hollywood studios and epcot, will open their doors. limited capacity to start. stuart: sounds pretty strict to me. at least we've got the dates for reopening. lauren, thank you very much indeed. i notice that disney's stock has just dropped a few cents. it's back to $120 right there. eddie soto is with us. he's a special kind of guy because he's a former walt disney imagineer. eddie, welcome to the program. great to have you on the show today. >> thank you so much, stuart. great to be here. stuart: look, there's no fireworks, no parades, you've got to wear a face mask, got to keep social distance, and they are going to take your temperature. do you think people will come in droves for that? >> well, i know i have my annual

passport, i'm one of the die-hards, so i'm going to be there with a lot of other people because i miss disneyland so much. i do think that the magic, it's not enough to have a nice day, you have to have a magical day. that's what the job of an imagineer is to do. so meeting a character face-to-face, this is what a child lives for. this is what a parent saves up for years to go on that vacation. so even though there's an excitement about reopening and i want to go to disneyland, i want to be there, at the same time, those little magical moments, that's how you measure the success of a park. so somebody who is planning a vacation a year from now, they may say what is the new normal going to be. covid is kind of a moving target with all these regulations. so what i'm trying to do is work with clients in the leisure business in general to say what will people show up for and now apply this technology of covid and maybe it's augmented reality, who knows. do these things in a way that's seamless and is appealing for people to want to come back. i think people will forgive

disney because we just miss it so much, we love it so much. stuart: it's a brilliant operation. case closed. they do things better than almost anybody else in this line of business. but tell me, what kind of magical moments will be lost because you got to wear a face mask and keep your distance, got to have your temperature taken? what magic moments do we lose? >> you know, i kind of feel like the dolls of the small world say it all. a smile means friendship to everyone. when you have cast members who use their smile to take the tears off a lost child's face, when everyone is wearing masks, what it is is fantasy environment, stuart, they are very fragile. you are paying to escape the real world. when you bring hospital practices into a fantasy world, you are wary of everyone. who touched that doorknob, do i want to touch it, you know. all of those things, will it endanger that magic. that's why i think disney is so smart. they know, putting those signs up because the public has to

help. we have to depend on the guests now for the first time to help sustain that. so it's a long road. there's going to be hits and misses, kind of like preview night on broadway where yeah, you are working out the kinks but the new normal, the 2.0 of what's a great experience on a desert island resort, that's what people are going to win is those who figure that out. that's what we are trying to do now is help clients figure out what that 2.0 should be and apply the stuff in the right way, in a sensible way, that's invisible. stuart: you know, i have six children. nine grandchildren. we used to regularly take them to disney. it was the magic moment that you are talking about what we relished and went back for all the time. i don't have much more time but look, we've got to get past this. we've got to get back to a normal where you don't have to wear a face mask, where you don't have to have your temperature taken, and i think we will get there but i think it's a long time coming. last word to you. >> you know what, mary poppins

said it best, a spoonful of sugar helps the medicine go down. if you use creativity like walt disney putting the monorail out to show how urban transit can work, if creativity can lead to these solutions, we have to do it in a way that's seamless for the guests to make it a game, make it fun. stuart: disney can do that better than anybody. >> it's a great time to be creative. a great time to be a designer. stuart: it was a great time to have you on the show. thank you very much for coming. we are obliged to you. thank you very much. >> thank you so much. appreciate it. stuart: see you soon. look, i'm breaking in early because i've got news breaking from hong kong. susan, fill me in. susan: we just heard from secretary of state mike pompeo and he just sent a letter out to congress, again certifying that hong kong is not being left independent. he says after careful study of developments over the reporting period, i certify to congress today that hong kong does not continue to warrant treatment under u.s. laws in the same manner as u.s. laws would dictate in the same manner

before and applied before july 1997. now, why is this important. well, we do have the hong kong human rights and democracy act signed into law last year by president trump and that requires beijing to prove that it is leaving hong kong independent of the mainland and as you heard from the secretary of state, making that assessment, it is not, therefore sanctions and enactments can now go forward. in what manner of sanctions, we'll have to see and whether or not they will be applied to individuals, to corporate entities and banks, but it looks like after the street battles we saw wednesday in hong kong, that the protests have erupted once again and chaos is back on the streets. stuart: it has opened the door to action. that's what the state department has just done. strangely, it has had no effect on the market. i thought there might be spillover but at this point, it's not yet happened. that's dramatic video from hong kong. a place that susan and i know

and love. all right. now, are you itching to get away this summer? i certainly am. the lockdown is really affected all of us. we would just love to get out in the great outdoors. my next guest represents the camping industry. i would have thought that was the perfect vacation for this summer. we are going to ask him about that next. ♪ you wouldn't accept an incomplete job from anyone else. so why accept it from your allergy pills? flonase relieves your worst symptoms which most pills don't. get all-in-one allergy relief for 24 hours, with flonase.

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stuart: according to campgrounds of america, 41% of us say we plan to take a camping trip this summer. 41% will camp this summer. but look at this. 31% say they will cancel, 13% say they will postpone their camping trip. toby o'rourke is with us, the president of campgrounds of america. toby, i'm really shocked at that number. 31% cancel, 13% postpone. i would have thought that camping was the perfect getaway this summer. what's the problem? >> well, you know what i would say to that. we did that research at the end of april. so at that time, when we asked

campers, that 41% as you said were going to especially could the keep their camping trips and 31 se % would cancel, we have seen bookings are outpafg cancellations so those people who canceled are starting to rebook later in the summer. we are starting to see the gap narrowing. stuart: that's great news because you guys do a fwrat job of getting the great outdoors available to all of us. we love what you do. but here's another thing. only half the states as of right now, only half the states allow overnight camping. i can't believe that. what's wrong with going out no t into the country and keeping your distance? what's wrong? >> that's opened up in the past week. as we approached memorial day, more and more states opened up overnight recreational camping. there's a handful of states that we are pretty locked down on for -- in terms of restrictions on overnight camping. but by and large, most places across the country are open for

recreational travel. now, they have to balance that with what the state order is in that state and if leisure travel is advised or even allowed. so it's a balance. but by and large, most of our campgrounds are open and operating for overnight business right now. stuart: that's great news. toby, i'm so glad you were on the show. that's very important news. we are glad to hear that bookings are picking up, because camping is a good thing this summer. toby o'rourke, i'm sorry i'm such a short time here. we love what you do. thanks for being on the show. good stuff indeed. campgrounds of america. all right. i'm going to move to the airlines because one airline has just been named the best in the country. ash, first of all, tell me which one it is. secondly, tell me on what criteria it is named the best. ashley: yeah. all right. take away the suspense. it was southwest. but they only took into account, jd power, the top ten major airlines. southwest came in at number one, as you can see, followed by jetblue, alaska, delta, west

jet. this was all about satisfaction of the customer and how they rank the airlines, in particular, the check-in experience, how they handled your baggage, were they on time. just the general convenience. because of all of that, southwest came in at number one. customers apparently like southwest's policy of not charging a lot of extra fees. i can't believe any airline doesn't do that, but there you have it. southwest. stuart: i'll take it. southwest, it is. thanks, ash. more "varney" after this. 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. ♪

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stuart: "invested in you".com. at foxbusiness.com. send your video questions to us please. we got a lot of good ones already. we'll use those questions at 11:00 on this show. neil, it's yours. neil: thank you very much, my friend. we're following what you're following, corner of wall and broad, a lot of states opening up even though states having problems, spike in cases, 14 of them at last count, apparently within the margin of error here. so they're optimistic about that. also very optimistic about reopening plans. stuart might have already told you what they're planning to do at disney world and seaworld. it will be a on tentative basis. it will start in july. it will be about everyone keeping their distance. we're keep