michael. great show, everybody. >> thank you. maria: see you tomorrow. we've got those jobless claims coming out tomorrow. we will be navigating that. meantime, get ready for a 300 point rally right out of the gate. i will send it right over to stuart varney and "varney & company." take it away, stu. stuart: it was another good show. congratulations. another great one. maria: thank you. stuart: good morning to you. good morning, everyone. first of all, look at this. the stock market rally continues. after covering the market for several decades, i have to admit to being surprised at this. do you remember in late march the dow was up, what, 18,000? now it's pushing 26,000? that's an astonishing gain of what, 8,000 points in about ten weeks. look, i've been doing this a long time. i have not seen anything like this before. the dow industrials at the opening bell will go up about 250 points. the s&p, 18, nasdaq a much lesser gain but up nonetheless,

14 points. what is going on here? first of all, there are clear signs the lockdown is ending and the economy is expanding. there's been a big jump in mortgage applications and a surprisingly small drop in private sector jobs in may. we are going to check the other indicators for you. they proiare pointing towards growth. june appears to be the turning point. as for urban unrest, look, it's very hard to be positive when you see razor wire around saks fifth avenue in new york city. overall, violence was down last night. peaceful protesters were out in force and that, in my mind, is a very good thing. green shoots, something positive this wednesday, june 3rd. "varney & company" is about to begin. stuart: i think the story of the morning has to be calm.

protesters turned out across the country last night, some defying curfew orders in major cities, new york and d.c., but it was by and large a calm night. a welcome contrast to the past few nights of mayhem and looting. now, the night was not free of incidents, obviously. i will start in los angeles. peaceful protests gave way to looting. across the city, los angeles police say they have arrested hundreds of protesters in the wake of those incidents. all right. now video and this is from a suburb of boston. agitated protesters hurled objects at police, they set fire to that dunkin donuts right there. a voice of reason amid the chaos, roxey washington, the mother of george floyd's 6-year-old daughter made this emotional plea last night. watch it. >> i want justice for him because he was good. no matter what anybody thinks,

he was good and this is the proof that he was a good man. stuart: we remember a man named david dorn on your screens right now. a retired police captain from st. louis shot and killed tuesday morning by looters trying to ransack a pawnshop. let's get to new york city right here. looters who defied the curfew, they did some damage. kristina partsinevelos is on the street for us surveying what happened in lower manhattan. tell me more. reporter: i'm actually in soho. we have been driving around the city and like you said, it's a lot calmer. there's way less damage. it took awhile to even find one storefront. this is best buy and the looters fortunately did not get into this location, but the city is like a giant hurricane is coming every single store, that store down behind me is adidas, they were hit yesterday so they have been boarded up.

the difference this time around is a lot of the boarding goes a lot higher. we have some other visuals we took in soho. there is signage on a lot of these wooden planks, one store saying they have nothing left, don't loot us. in soho it's pretty much a calm scene today. we also went to the apple store, the iconic apple store near central park. they have crews working there to not only create these massive barriers but they are even putting white on there, too. overall, definitely a lot calmer which is welcome news by everyone, especially the businesses in america. back to you. stuart: you got that right. we will go back to you when you move uptown to saks fifth avenue. i want to go to washington, d.c. hillary vaughn is right outside the white house, i think. what do you have for us? reporter: stuart, i want to point out where we are. you can see the white house behind me right there and you can see there's a human barrier essentially that was moved up. the fence you are seeing in front of the white house, that temporary fence, was where protesters were allowed

yesterday. now today, this is as close as they will be able to get. there are 3600 national guard troops here in the district ready to go if things get out of hand. we saw about three times more protesters at the white house yesterday evening than we had in the previous days before that, but when it comes to looting and violence in the district, things were main feitained relatively but they did taunt the police at the white house, pepper bullets and pepper spray were fired when a lot of the protesters shook the fence, they threw bottles at police but in terms of what happened after the protesters left the white house, most of the businesses here are boarded up. you can see across this line, there is plywood barriers covering all the windows. that's the scene essentially in the entire district, especially the area surrounding the white house. stuart? stuart: hillary, thank you very much indeed. calm is the word that i'm going to use this morning. let's get to the market.

that's responding to this calm and also some positive economic indicators. we are going to open sharply higher for the dow jones industrial average. again, this is partly due to the calm and an extraordinary report on private sector jobs, down only two million, when more than eight million losses were expected. another sign of recovery is the price of oil. you're back to $36 a barrel. earlier we were at $37 a barrel. demand picking up, the economy expanding. shah gilani joins us now. goldman sachs now says there's a good chance of a rally from here. are you still in that camp? >> oh, absolutely. i think they are a little bit behind the curve. obviously we have been enjoying a tremendous rally off of the march lows. if you look at the dow, it's only 13 percentage points from its all-time high. the nasdaq composite is just about 9% from its high. excuse me, the s&p. the nasdaq composite is 2.3%, about 230 points, from its

all-time highs. we have had a tremendous rally and the market has such momentum right now and again, there is no alternative to equities because of what the fed has done. the market should see new highs. nasdaq could see new highs by the end of this week. stuart: nasdaq could see new highs by the end of this week. shah, it is wednesday. we are 2% away from a new high on the nasdaq. you think we will gain 2% on the nasdaq by friday? >> we could easily do that. easily. if not maybe this week, then certainly next week because the market has the momentum. there is plenty of money on the sidelines. a lot of money, institutional money has missed this rally and it's going to have to come in and chase it higher. absolutely, all the benchmarks, i still confirm that it will probably all, nasdaq a lot sooner than the s&p and the dow, but the s&p and dow will certainly before probably now year end, make new all-time highs. stuart: that's a fine performance on a wednesday

morning. we welcome it. see you again soon. sh shah gilani, everyone. good stuff. all right. i'm going to look at the big lockdown winner on your screens, zoom. they had a blowout quarter, thanks to everybody working from home and all that teleconferencing business. give me the numbers, lauren. lauren: been integrated into our normal life. the magnitude of this earnings report, $27 million in income. revenue grew 169% to top $328 million in the quarter. many companies are pulling their guidance, stuart. zoom doubled it for the full year, $1.8 billion is the revenue expectation. you're looking at the share price before, it's up fractionally. you say how is that possible, why isn't the share price soaring. the reason is they have 300 million daily meeting participants and to accommodate them, zoom had to spend money, including renting cloud capacity

from the likes of oracle and amazon, and that weighed on its margins. if there's any pressure for the stock today, it is that. but a lockdown winner and probably a winner as we return to normal, zoom communications. stuart: lockdown winner. leave it at that. all right. let's move on to amazon. they've got big news. forget prime day. susan, they are planning another big sales event for this month? susan: you have to forget about prime day at least for the month of july which is usually when they hold it this year. so indications are we will probably get a prime day sometime in the fall, but you get to buy some good sales at their big style sale. they will take place later on in june and y replace prime day on a smaller scale. prime day is that 48-hourour extravaganza where they sell 175 million products each and every year, that's up 75%ea the protests, they are delaying that. so you get some sort of sale later on this month.

not at the scale that you usually get at prime day. stuart: have you heard -- i heard that they were demanding that their vendors put in 30% discounts. have you heard about that? susan: that's usually the discount that they provide for prime day. stuart: it is? i didn't know that. susan: yeah. that's usually in the same realm. i don't think we will get a taylor swift concert this time around. stuart: i'm told it will be called the biggest sale in the sky. susan: big style scale. it's kind of hard to say so early, right? stuart: it works, doesn't it? for selling stuff this month. that really works. i've got another -- this is another positive sign. let's go to ashley webster, who lives for mortgage rates and now mortgage applications. what do you have? ashley: it's not freddie mac day but almost as good. mortgage applications up 5% this past week and when you compare it year over year, up 18%.

so people really starting to get into the market to take advantage of these record low rates. 30-year fixed around 3.15%. absolutely remarkable. the interesting side note on this is that refinancing, which has gone through the roof, was actually down 9% for the week. that in fact is the seventh straight week of declines for refinancing. i can only imagine that's because everybody that could, has. however, when you compare it to a year ago, those refis are still up 137%. take advantage of these rates when you can. stuart: thanks, ash. big smile there. big smile. all right. let's keep the positive flow going. more good news. a possible virus vaccine. dr. anthony fauci says there's a good chance, that was his words -- no, he's optimistic about a vaccine. he says we'll get an effective one quote, within a reasonable amount of time. by the way, on the show later, doc siegel on that.

let's suppose we get a vaccine. who gets it first and i'm going to ask him, will children have to have the vaccine before they can go back to school? i think that's a key question for parents across the country. we will ask. all right. here's what the market looks like as we head towards the opening bell. a rally across the board. you're up 250 for the dow industrials at 25,900. i think things are looking up. i sense a more positive tone. i think we're looking at the other side of the virus, lockdown, other side of the riots, too. that's the big theme throughout our show today. it will start with my take at the top of the next hour. now this. you're looking at long lines outside gun stores across the country. that is a big line for you. some of those customers waiting for hours just to get inside. gun stocks, way up. we've got the numbers for you. gun sales look like they are going way up. good news for sports fans. today congressman steve scalise

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stuart: markets one more time, lots of positive indicators for the economy. we're up 260 points on the dow industrials. now, draftkings, the online sports betting people, that stock has been surging lately, up a little bit today, as we make our way towards possible return of live sports, up goes draftkings. 11:00 this morning, their ceo, jason robbins, on this program. draftkings ceo. all right. i want to stay on sports. come on in -- come back again, ashley. you've got more good news here. politicians getting involved in reopening big-time sports? ashley: yeah, steve scalise, the

congressman who was shot during baseball practice, as we remember, back in 2017, recovered, came back to congress. he will be holding a conference call today with a number of commissioners of different sports, including roger goodell of the nfl, gary bettman of the nhl. he wants to talk about all right, when are we going to get this action back and up and running and how is it going to look. listen, it's been a bit of a mix among the sports. the nfl apparently will release some sort of schedule may 9th although it still hasn't been decided exactly when the season can begin. the nhl has no specific starting date but has said that training camps can begin no earlier than july 1st. major league baseball, do we get a july 4th-5th start with an 82-game schedule? still to be decided. steve scalise today getting together with all the commissioners and saying okay, where are we at and when can we start getting this thing going. stuart: i hope he knocks heads

together. he's pretty good at that. i think he'll do it. all right. let me get back to that rather strange, some would call it a blowout adp number. only 2.7 million private sector jobs lost in the month of may. nine million job losses were confidently expected. john lonski is with us. how do you explain that? two million, yes, nine million, no. >> well, probably they underestimated the number of people returning to work so that reduced overall job losses. they made an inference for this estimate from still very high readings on initial state unemployment claims and i suppose those will be dropping sharply. this is good news. we are perhaps on the verge of escaping the recession if the recovery hasn't already begun. stuart: you think june, this month, june, is the turning point where we stop going down and we start going up?

>> most definitely. there are indications that in the month of may, we already started to improve. we were talking about mortgage applications for the purchase of a home. for the month of may, that particular data point was up by 36% from the month of april. if that's not a sign of an impending or emerging economic recovery, i don't know what is. stuart: could you say it's a real estate boom that's a'coming? >> i think there's a good chance that's going to be the case. remember, home sales were artificially depressed by the shutdown related to covid-19. construction activity was suppressed for that reason. all of this could return very quickly. we also have a lot of people that are rethinking why it is that they live in crowded cities. so for the suburbs of new york city, for instance, we could see quite a sales boom. i had a neighbor put their home

on the market for rent. one day it was gone at $8,000 per month. people want to leave big cities and this could lead to a housing boom elsewhere. stuart: all right. we will leave it at that. that is very positive and i would say uplifting news. that's maybe why the market -- the dow just hitting a new high for the morning, up 275. mr. lonski, come back soon. see you again. >> thank you. stuart: can we put lyft, the ride sharing people, put them on the screen. okay. that was yesterday. as of this morning, premarket, lyft is up. susan, i think you've got new numbers. how many rides were taken last month? susan: things are getting a lot better as cities and states start to reopen. lyft says yes, we might be down 70% in may from a year ago but we are up 26% compared to april. this includes cities in austin, nashville, new york that's helping drive the recovery, according to lyft. i was looking at the weekend rides as well because that's primarily when people actually use lyft and uber.

ride share was actually up some 36% over this past weekend compared to the end of april. so things are getting better and i should point out also last night with the curfews in place, lyft and uber actually didn't have any rides available from 8:00 p.m. until after midnight here in new york city. stuart: you know, this is one more in a string of what i would call positive indicators for individual industries, for the economy in general and certainly for the market. it's one thing after another, susan. susan: well, it shows you that reopening is a positive and also the fact that globally, when you start to reopen economies and the fact you haven't had a spike in coronavirus cases once again, i think that's really lifting sentiment and spurring hopes we could see a v-shaped recovery. stuart: yeah. i think it is. one more time on the screen right now, premarket, lyft is up 6%, $33.63. overall, we are going higher this wednesday morning. in the lockdown, all days looked the same and feel the same, don't they? today is wednesday.

we are going up 268 points. we are awfully close to the 26,000 level on the dow industrials. as i said -- susan is laughing with the microphone on there. this is good news, susan. come on. come on. this is real good news here. susan: i love it. stuart: and if you go back to what was it, march 23rd, i think it was, the dow was at 18,000. now we are close to 26,000, ten weeks later. what a performance. back after this. usaa was made for right now. and right now, is a time for action. so, for a second time we're giving members a credit on their auto insurance. because it's the right thing to do. we're also giving payment relief options to eligible members so they can take care of things like groceries before they worry about their insurance or credit card bills. right now is the time to take care of what matters most.

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stuart: warner music is going to go public today. lauren, can i call that a positive sign? lauren: yeah. they're suggesting, they're telling the market the water is fine. the biggest ipo of the year happening today. shares priced at $25 each, that's at the high end of the expected range, which shows you there was demand for warner music. they raised $1.925 billion and the valuation is $12.75 billion. that's a lot of numbers but i can tell you this. ipos are happening again. this is an encouraging sign. we are expecting there to be appetite for other ipos because the market, because of the pandemic, has been hit. so warner music, they will start

trading later today on the nasdaq pricing at $25. stuart: who would have thought you would do an ipo on this, the day -- well, we are still not completely over the riot so we are still not completely over the lockdown but they go public today. looks like they will be strong. that is really remarkable. i've got two minutes before the actual trading begins this wednesday morning. we've got to set the scene here because this is remarkable. what you're looking at, left-hand side of the screen, is a very significant rally, at least for the dow industrials. the s&p will be up about .75%, the nasdaq up about .33%. okay. the big winner is the dow industrials. what is going on here? let me repeat, loads of positives today, especially on the economic indicator front. first off this morning, at 7:00 eastern time, we found out that there's been an 18% increase in mortgage applications. that's a huge increase and sets the stage for a first class real estate boom. it's the beginnings of a

significant boom later this summer and into the fall. second item, we received the latest on private sector jobs from adp. we were expecting to see jobs lost across the board, maybe eight, maybe nine million jobs lost. didn't work out that way. it was only 2.7 million jobs lost. sounds terrible, but nowhere near the devastation that had been expected. that is very much a positive signal. it may be that a lot more people are returning to work than we thought. either way, it's a positive and look at the dow industrials. we've got exactly 40 seconds to go before we open this market and we are seeing a sea of green all across the board. i don't expect to see big gains for the big tech companies. i think we're going to see gains in other sectors. i think airlines are going to go up some more, cruise lines will be up some more, amazon i think is going to be up some more. they've got a new big sales day coming up this month.

forget about prime day. that's off in the fall. they've got something big coming up this month and that again is an important positive indicator. hear that bell? they are a'ringing it. that means you have three or four seconds to go before we see just how big a rally you've got right at the opening bell. here we go. 9:30 eastern time on a wednesday morning. 29 of the dow 30 are in the green. no. 28. microsoft is down. no, now it's up. but walmart is down and that's the only loser amongst the dow 30. right from the start, we are up over 200 points. that's the dow industrials. all right. look at the s&p, please. that is up, not as much in percentage terms but we will take it. 21 points higher, up about .75%. as for the nasdaq composite, closing in on half a percentage point gain. 9,651, as of right now. i'm going to take a look at zoom

for you. what a quarter they just had. more than 300 million people meet on zoom on a daily basis. 300 million. the revenue is up 170%. that stock has been on an absolute tear. let's get to amazon. as we said, they are planning that new sales event to jump-start their summer sales. i've got it wrong. the amazon stock price is down seven bucks at $2,465 a share. okay. i will give that one up. one more check of the markets. we are now up 230 points for the dow industrials. give me the big movers from the week, please, lauren. lauren: the recovery stocks. gap. gap is up almost 20% this week. can you believe it? analysts are saying look, the stock might have bottomed, they had the old navy brand, when we fully return from this pandemic, folks will want deals. they also have athletic. you are wearing sweatpants at home. that stock, i couldn't believe it up, up about 5% today, 20%

before today. also, the energy sector, energy has been a winner. 12-week high at $36 a share for the price of oil. occidental petroleum is up almost 14% this week. one more for you. the protection stocks. up 28% this week because of the riots and unrest we are seeing. axon enterprises make tasers and they also make body cameras that police use. they are down today but up 28% this week as we watch the riots. stuart: that's some rally and a half, isn't it? 28%. lauren: i know. stuart: susan, what do you have for us? susan: i'm choosing boeing. have you looked at boeing lately? you might have made back half of the money you lost so far this year. yes, we are back above $150. remember the depths you were closer to 80 bucks a share. boeing is leading the advance today. a lot of these economic proxy plays stocks go up when there is a recovery in place for the economy so also the jpms,

goldman sachs, leading the dow today. tesla has been on a tear, really the whole entire year, probably the past 12 months. also getting a lot of interest after that spacex crew dragon success over the weekend. one other stock to watch for this week, take a look at baba. alibaba was sold down closer to the end of last week because of the concerns over the u.s./china relationship given what happened in hong kong with the implementation of a national security law, but still, you heard from president trump last week keeping intact the trade relationship and hence, alibaba looks like a value play. value plays is when the stock is trading at less than book, what it should be priced at, given the actual business but because of the shift into growth stocks like technology, value plays are actually looking a bit cheaper. people are looking at those names once again. stuart: thank you very much for trying to bail me out of the trouble that i have been with boeing but it won't work. i bought that thing at $331 a share.

i have been cut off at the knees. by the way, i'm sorry, look at the screen. 25,973. that means we are 26 and a few points away from 26,000. that's it. look at that. now it's about 25 points away from 26k. i'll have to remind you, everybody, back on i think it was march 23rd, we bottomed out at 18,000 on the dow. now we are 8,000 points higher. almost, in about ten weeks. that's a stunner. back to the winners. airlines. who would have thought? look, they are up again across the board. they have been on a tear. people are starting to get out of the house. they are traveling more. bookings up pretty good, not great, but pretty good later this summer. same story with the cruise lines. again, who would have thought? carnival is up this morning, norwegian, royal caribbean are down but they have had a fabulous run this week because people are booking cruise trips again. the travel booking names, i will give them to you, trip adviser,

expedia, bookings holdings, ashley, more signs of life there, please? ashley: yeah. there is. listen, green shoots, stu. we know that this travel industry bottomed out around march 22nd and from there on in. now we are starting to see people have the confidence to actually get on a plane and book a cruise. tsa reported this past monday the highest number of travelers coming through the screening process since march 22nd. the daily average number of people traveling has been rising week after week, day after day. as for the cruise lines, it will be hard to implement social distancing on a ship in a way that will provide confidence for people, but bookings are starting to come in for the end of this year and into next year. you know what, for the airlines, it's going to be a long haul back. they are going to have to cut costs. i was just looking at cowan, an

analyst says it will be three to five years before the fleets and the work force will return to 2019 levels and they will never look the same. they are going to be, you know, retiring fleets, they will be retiring a lot of pilots and personnel to cut costs. so yes, the green shoots are there but getting back to what we thought was normal before the pandemic is going to be a long haul. stuart: you know what, maybe some frequent flyers would welcome a change of sorts. you know? ashley: yes. yeah. stuart: airlines on the screen, all of them in the green, all of them up. check the market overall, please. the dow industrials holding on to a 200 point gain. pretty close to 26,000. where's the yield on the ten-year treasury? .72%. that's higher than it has been recently. the price of gold is down this morning, down 19 bucks. just above -- excuse me, $1700 an ounce. oil, that's an indicator of the strength of the economy going forward. it's up today, close to $37 a

share. disney using "star wars" stormtroopers to enforce social distancing? what have you got on that, lauren? lauren: leave it to disney to make even social distancing fun. at disney springs, the retail complex that is open in orlando, on the balcony we have video of it, you can see two "star wars" storm troopers talking to each other, talking to the crowd, saying hey, you, get moving, hey, you, with that face covering on. you can see the folks below looking up and laughing. sign of the times. you have to stay six feet away and disney is certainly making that fun. but we could probably expect more of this when magic kingdom opens next month. stuart: it's a smart move if you ask me. especially if it works. disney's stock is close to being back to $120 a share. all right. thanks, everybody. it's 9:37 eastern. one more time, the dow has come off its high but it's still up .75%.

now, it was a moment to remember. president trump walking from the white house to st. john's episcopal church after it was set afire by rioters. during that live event, reverend robert fisher of the church joined martha maccallum as the live event was unfolding. watch this. >> honestly, it feels like in so many ways kind of a surreal moment for me, so yeah, i feel like i'm in -- in some alternative universe in some kind of way. stuart: not sure what he meant by that but martha maccallum will join us to react to that special interview. that will be in our 11:00 hour this morning. rnc officials now looking at nashville and other locations after north carolina governor roy cooper says it's very unlikely they can host the gop convention as planned. the state's lieutenant governor joins me on that. corporations not challenging

rioters or looters for destroying their stores. shouldn't they speak out against the chaos and destruction? good story. we're on it next. i was born in '37... it was a very struggling period of time. up and down. depression to exuberance. and you could name many, many cycles like that over the years. my generation, having come through so many wars and so many things... persistence. it's the heartbeat of this country. stick with it. ♪

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stuart: there are developments in the tension between u.s. and china. susan, what's this about restricting flights from china? susan: the u.s. set the bar for chinese passenger airlines flying to the u.s., reuters right now say the u.s. move is in response to china refusing to allow u.s. airlines to resume passenger service, since we know the likes of united and even delta had to cancel plans or at least temporarily suspend them because of the covid-19 outbreak. but according to reports, china is refusing to allow these flights to restart. so the u.s. order barring chinese passengers airplanes is expected to take effect on june 15th and will be announced later today according to reuters

sources. we thought this u.s./china trading relationship was intact since there wasn't that big of an announcement from trump in terms of retaliation for that national security bill on friday, but this would be a big escalation, don't you think? stuart: well, it sounds like tit for tat. susan: it is. stuart: how big an escalation it is, i don't know. but it is an escalation. i think you're right on that one. not affecting the market, though. we are still up over 200 points for the dow industrials. this is not being taken as an overriding negative. i think the market is looking far more at the positive so far this morning. let's move on to facebook. where are they this morning? that stock is down two bucks at $230. now, if you remember, some facebook employees staged a virtual walkout because that man, mark zuckerberg, wouldn't remove a trump post. susan, what is zuckerberg telling employees now? susan: it was contentious, a contentious town hall he held with facebook employees yesterday. mark zuckerberg basically defending his decision to keep president trump's minneapolis tweet up. he said that that line, when the looting starts, the shooting

starts, wasn't historically a whistle call or dog whistle, calling for violence, but zuckerberg did say that he was open to some tweaks to the policy. however, we did see two engineers quitting and here's one of them. a linkedin post, he said mark always told us he would draw the line at speech that calls for violence. he showed us on friday this was a lie. facebook will keep moving the goalposts every time trump escalates finding an excuse after excuse not to act on increasingly dangerous rhetoric. a lot of people did voice their disappointment with mark zuckerberg's stance to keep the post up without any shielding or any labeling, but he says look, this is the first amendment rights of politicians and we should see what they have to say. he is open to some tweaks and when asked whether or not he consulted any african-americans in sustaining this policy, he said he spoke to one, the global head of diversity which shocked a lot of people. stuart: okay. i guess we'll follow it. facebook is down two bucks at

$230. now, everybody has seen the looting. everybody has seen the damage, the smashed glass. you're looking at it on your screen right now. i have not seen a single retail executive come out and say knock it off. they are all saying we support peaceful protest but nobody is coming down on the rioters and the looters. certainly not the retail industry. ed rensi is with us, the chairman of fat brands and he joins us now. ed, why is no retail executive coming out and saying knock it off? i don't think he can hear me. >> i have no idea what motivates all of them. i can tell you from my point of view -- yeah, i hear you. stuart: okay. go ahead. i'm asking the question, why have i not seen senior retail executives come down strong against the looters and the rioters?

>> well, the business executives serve a lot of masters and a lot of stake holders. i for one will say very vociferously that violence in any form is just not acceptable. this rioting is terrible and there's an awful lot of small business people suffering because of it. dunkin donuts, mcdonald's, you name it, everybody is being hurt. we had some windows busted in our restaurants in california. it's despicable, it's bad behavior, it's antisocial and shouldn't be allowed. but executives have got a lot of stake holders. they've got employees, customers, they got shareholders. we have to be careful about what we say, where we say it and when we say it because we have a lot of diversity in opinions and attitudes and moral values. it's not our job to run the country. our job is to run businesses effectively, efficiently, for profit, for the stake holders. that's what we should do. i personally will talk as much as i can about the violence. i abhor it. i wish others would, too.

but i understand why there's reluctance. stuart: do you get the sense that maybe a lid has been put on the worst examples of rioting and looting? it was relatively calm last night and i say relatively calm. do you think we are beginning to turn the corner on urban unrest? >> well, i certainly hope so. i noticed something that was a bit of a shock to me. my old suburb in chicago which is about 30 miles from downtown chicago, had a major riot, busted up a best buy and some other businesses. the thought that they would drive that far out of the city tells me it's highly organized and that anarchy is more than just a protest over that horrible death of that black man in minneapolis. there's a lot more to this story that we just don't know about. i hope it does quiet down because at some point, people will have enough and there may be violence returning that

violence and boy, that's something we cannot have. we cannot have civil war in the streets of the united states and expect to have a civilized society. stuart: ed rensi, i think we were dealing with the worst ever delay in time in our interview that i have ever experienced in modern television. but you know, ed, you handled it very well. we thank you very much indeed. i promise to see you again soon. with almost instant communication. see you later, ed. thanks very much. now, let me express an opinion. we are indeed facing two crises, the virus lockdown and urban unrest. i do believe we are shifting to a more positive tone on both fronts. that will be the subject of my take that's coming up next hour. with all the unrest, people are flocking to gun stores. look at that. there's a line right out the door. some of those folks are waiting for hours just to get inside. we've got the numbers for you on new orders for guns. lots of new orders. we'll be right back.

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stuart: you know, law enforcement uses location tracking on phones so they can track rioters. the rioters are responding. susan, what are the rioters doing with their phones? susan: well, they are alerting people of the high technology that police forces are using to

monitor, not just location tracking, yes, that's one of them, but there are so many other avenues as well. for instance, flying drones across a lot of the protest sites. also, we have license plate scanning. yes, gps phone tracking and also facial recognition technology which has obviously alerted a lot of privacy advocates about the use of this high technology. the protesters, if we can bring up some of these tweets, are alerting participants to be wary so instead, why don't you bring a burner phone or you can also turn off some of your location tracking on your phone and in hong kong, they would also wear masks so facial id tech couldn't be used. that's something they advocate as well and also license plates, trying to i guess shield some of your license plates if you are driving to some of these sites. now, we also have amazon being shall we say criticized for providing some of this technology, including one worker advocacy group saying which police contracts have you cut, how many still remain? amazon provides a lot of the

facial recognition or one form of facial recognition technology and also ring surveillance. it's a high tech world. you can deploy it on both sides. stuart: yes, but it's clearly differentiating between the criminals seeking to avoid detection because of what they're doing, and the peaceful protesters, who are doing exactly the right thing, peace flly p fully protesting. there's a division between the two. susan: i'm not sure there's a division in privacy. everybody wants to be -- have their own privacy intact, no? i mean, you can be a peaceful protester. do you want your license plate scanned? do you want your face id'ed and put into a memory bank? i think if you are a peaceful protester, you don't want that to happen either. stuart: true, but if you take deliberately evasive measures, that's a suggestion that maybe you are up to nefarious things. susan: i disagree. i would do exactly what they advocated. you know, i would bring a burner phone. i don't want to be tracked or traced by anybody, regardless. stuart: if i was in china, i don't think i would go on a

demonstration anyway. round it up like that. next one. the media went after president trump for his walk to st. john's. they called it a photo op. the u.s. park police say well, they're not the ones, they didn't use tear gas to clear protesters out of the way. we've got that story for you. there's a positive signal. according to the u.s. chamber of commerce, 79% of small businesses are either fully or partially open. we are on it. there are people who say things aren't made here anymore. those people should make a trip to michigan. or kentucky. or illinois. where you'll find our workers and dealers . .

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stuart: almost 10:00 eastern time. here's where we stand after a half hour's worth of business, it is a rally! the dow is up 220. s&p up 24. nasdaq composite up nearly 60. green all across the board this wednesday morning. we have had some positive economic indicators already out this morning. see this? the private sector shared for fewer jobs last month. only 2.7 million jobs shed. the estimate they got completely wrong was nine million jobs. boy did they get that wrong. good news own housing. mortgage applications up 18%. compared to the same week last year. that suggests, here comes the boom in real estate. look at oil. now i'm going to say that is an indicator of economic activity and economic growth. the price of oil this morning all the way back up to nearly $37 a barrel.

now in half an hour we get news how much oil we got in storage, how much we used, how much demand there is versus supply. we have new service numbers are ash? ashley: 45.4. what does that mean to anybody? anything below 50 we're in contraction, anything above 50 we're in expansion. we're still in contraction but the number a little better than predicted. it was also 41.8 in april. we're heading into the right direction. still not above the 50 dividing line but perhaps, a tiny, tiny green shoot. stuart: the trend is your friend even if it is a tiny trend. i take it as a trend. factory orders, susan? susan: coming in better than economists were forecast, 13%

down. revised a little lower. we're looking at more inventory. that is a good sign. when you have more inventory you anticipate more sales in the future. we're looking something better than what they saw in march. again sequential growth improvements in these numbers. stuart: right word, sequential growth in these numbers and that's resulted in a strengthening of the rally on wall street. green across the board right now. dow is up nearly 250. now this. things are looking up. we're facing two crises, the virus lockdown and urban unrest. on both fronts there is a more positive tone. all right, maybe i'm overly optimistic, grasping at straws perhaps but consider this, there is a consensus emerging that the protests against the killing of george floyd are entirely legitimate. the protesters are doing the

right thing. demonstrating against injustice. that is an american tradition. at the same time the rioters and looters are seen as entirely illegitimate, rightly separated the peaceful demonstrators from the violent criminals. that is positive. we have identified what's right and what's wrong, identify the real enemy and you're on your way to progress. as for the lockdown and reopening of the economy, we're seeing clear progress. all 50 states have in varying degrees lifted their restrictions and those states that relaxed the most are showing much better economic numbers. true we're seeing more new cases of the virus in florida, arizona, texas, georgia, but i don't hear anyone calling for new stay at home crackdown. we appear to accept the risks of new infections in order to get us out of the economic chasm we saw in april and may. and we are getting out of it. the market would not be rallying if investors thought we would

stay in the disaster zone. now as you look at the razor wire around sachs on fifth avenue in new york city and terrible lockdown impact on businesses big and small you may find it hard to see anything positive but the trend is your friend. last night the rioting and looting was less widespread than tuesday. with violence discredited, hopefully there is a trend towards peaceful, legitimate and well-supported protests. don't doubt for one moment the uptrend in the economy. it is there. june is the turning point. the uptrend has begun. it is green shoots of looking up. and here's more, the chamber of commerce says 79% of small businesses are fully or partially reopened. give me more on that, lauren. lauren: 79%, that is a encouraging sign this is the main reason why stocks are up.

if you look regionally, businesses fully or partially reopened the most in the south. the rest of the country, 30%. businesses partially reopened here are the numbers there. the question to ask now, they're operating at limited capacity. how long do small business owners think it will take them to return to normal and most will say six months. so we're on the track here. reopening the country, that is what investors want to know about this week. stuart: the investors like what they see, lauren, you're quite right there. david bahnsen is with us. we've gone through all the positives this morning but there is one more which i think you're concentrating on. that is big money flooding in from the federal reserve. we haven't heard much about that. explain please. >> of course, when the fed adds $3 trillion to its balance sheet in less than three months, remember, they took five years to add 3 trillion out of the financial crisis.

it is going to bid risk assets higher. it adds a lot of liquidity into the market. they brought credit spreads way in, which means companies can borrow money at cheaper prices, that adds to profit margins. there is no question that the fed is one of the biggest stories in the market. when you combine that with everything you indicated in the last segment, the economic direction, the reopening, you get a good environment for equity prices to go higher. stuart: this is a v, is it, clear-cut v for the market? >> for the market, definitely. for the economy i don't think it is a total v. you're in the middle of a v now that will kind of start to taper off, then get a little bit less directional, meaning it becomes more subtle as the recovery continues. some sectors are going to have. more suddenly and violently than others. which is a good thing. others will take more time. you pointed out in the adp number as far as the job losses

in may, they were off by such a dramatic amount. i'm not really that critical of economists getting things wrong. maybe i'm afraid myself i'm getting things wrong but the reality this is all brand new territory. people are kind of spitting in the wind. only thing i'm critical of is people that made bold pessimistic predictions when they didn't know what they were talking about. stuart: well-said, david. i want to roll a sound bite from shah gilani who was on the show last hour. he made a prediction where stocks are headed this week. watch this, david. >> nasdaq composite is 230 points from its all-time highs. so we had a tremendous rally and the market has such momentum right now. again there is the tina factor, there is no alternative to equity the because of what the fed has done. nasdaq could see new highs by the end of this week. stuart: david, what do you make of that, new high for the nasdaq

composite this week. we're on wednesday. we have two days left. >> my prediction it will either happen or not happen. okay, two or three day calls are not very material for investors. they're certainly not material for investment managers like myself but i absolutely agree with the argument that the tina point, there is no alternative, cash still has $4 trillion sitting in money markets. that could end up getting deployed. nobody likes the state of the safe bond market. there is not a lot of other places to put capital. but i think certain parts of the market indices have gotten very expensive this is why our argument is that you want to be selective right now. i think there is estimate great opportunities, particularly for people that have a longer timeline. stuart: got it. david, thanks for joining us. we'll see you again real soon. that's a promise. david bahnsen, everyone. thank you. i have to take a look at gun stocks. they have had a terrific rally this week.

ash, come in to this, please. this is obviously because of urban unrest. >> ashley: yes and no. in fact we've seen a huge surge in gun purchasing even before the first protest took to the streets that turned violent. i wanted to take a look at some of the numbers that we just got for the month of may. 1.7 million handguns sold, firearms, i should say. the majority of those sales were indeed handguns used for self-defense generally. look at this. this is according to the small arms analytics forecasting company that keep track of these things. that is up by the way 80% year-over-year. the fbi says, this, past month it conducted more than 3 million background checks. that is up 700,000 year after year. i spoke to, we spoke to a gun store owner in los angeles yesterday, said look, i've seen my sales absolutely triple. who is buying?

he said almost, exclusively first-time buyers. never had a gun before in their lives. and he said, why are they doing this? he said, quote, they're scared to death. they're worried about the images of rioters and those people causing destruction spreading out into the suburbs. they have no protection. you are seeing long lines outside of gun stores now. it is remarkable. people standing in line, socially distanced. look at this for hours, upon hours. don't forget you just don't go in to buy a gun. you have to go go through permitting process, background check. a lot of those things. nevertheless, first-time buyers buying handguns for self-defense. that is why you see the stock of these gunmakers continue to go up this week. stuart: amazing story, all over again. we've seen it before. ash, thanks very much. by the way the dow crossed back above 26,000. look at that. up over 1% this morning. now this, the u.s. park police

disputing claims that tear gas was used on peaceful protesters in d.c. on monday night. right before president trump visited that historic church. still here's the headline in this morning's "new york times." how trump's idea for a photo-op led to havoc in a park. top democrats joining in the chorus. listen to this roll tape. >> protesters in front of the white house were beaten. some people came out and beat them so they could clear the area. >> the administration is using the military as a tool to intimidate american citizens. >> president of the united states must be part of the solution, not the problem. but this president today is part of the problem and accelerates it. stuart: speaker pelosi was factually wrong. the park police reported they were pelted with projectiles.

they did not fire tear gas in. the lady on the right is a frequent critic of joe biden. liz peek, go at it. >> stuart, joe biden had decade in positions where he could influence the divide between blacks and whites, improve the minority communities. what i'm so offended by recently is that joe biden is talking about making, attacking systemic racism by making capital more available to black entrepreneurs and minority-owned businesses. i don't think i can say it any better than president trump who said where there is no safety, there is no future. there is no safety in many of these minority communities and we've seen that this past week. i took a look back at what happened in ferguson and watts and what you see in these places that are torn by riots is a lot of capital flows in. it has almost no impact because

violence and crime continue at high rates, and so private capital eventually recedes and public capital has no impact on poverty an unemployment which remains very high in these communities. i think the other side of the coin, looking at deit from, which adopted broken windows policing, made their streets safe, and saw an economic resurgence. biden basically refuses to acknowledge that strong policing in these communities is the pathway to progress. i just think he is totally wrong. i think he is the wrong man to take this on and i think we see that in all his speeches. stuart: real fast, liz, one of the themes i've been pushing on this program this morning there is slightly more positive tone, certainly to the economic recovery and i think also to a relative calm returning to our inner-cities, relative calm. am i going too far? >> no.

i think that is exactly right. we have seeing a investment-shaped recovery in the economy -- v-shaped recovery. 70% of small businesses being open or partly open. that is huge. the point for the markets is, stuart, that is much better than expected. i think we're seeing economic numbers going up, not down. that is what investors want to see but going back to the problems in the black community, those minority-owned businesses are so critical to blacks and those are not going to be reopening the way the rest of the country is, unless we have law and order across the board. i just think that is a tragedy. stuart: well-said, liz peek, thank you for joining us. we will see you again real soon. that's a promise. thank you. how about this, a bonus for going back to work? one republican senator proposes an incentive to get people off unemployment. we've got the story. the gop is now looking for another state to host the presidential convention. the republican convention in

august. the new details that led to the president to say, they have been forced out of carolina. okay. a fight in new jersey over protests. the governor says it's okay to protest the killing of george floyd but not the lockdown. new jersey's republican party chair fired up about that and he is going to join us next. this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

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stuart: let's get back to the tit-for-tat story about china, airlines, flights from and to america. susan, we got the story. we confirmed it. tell us again. susan: yes, confirmed the department of transportation issued an order suspending the scheduled passenger flights of chinese carriers to and from the u.s. that is effective june 16th. this is because china has

delayed the resumption of service from united airlines and american airlines that fly to the country. we had united airlines penciling maybe resuming four flights to three cities across china starting this month. looks like china has been shall we say hesitant in resuming those flights, so the department of transportation, if you're going to do that we'll suspend flights from chinese carriers coming here to the u.s., which is probably affects chinese airlines more than affects the u.s. ones, since u.s. ones don't really fly that much to chinese mainland cities. stuart: no impact on the market whatsoever. in fact we're firing up to even better highs. look at this. we're well above, not well above, but we're above 26,000 on the dow industrials. we're up 270 points. that is better than 1%. solid gain for the s&p. up almost 1%, getting there, and a half percentage point gain for the nasdaq. sea of green. campbell's soup, that is a lockdown winner but the stock's

down. what's with campbell's soup, ash? ashley: yeah. net sales up 15%, as you say, a lockdown winner. they raised their guidance, but, a little softness today because the ceo is saying in a conference call this morning there is no doubt they have seen a slowdown in consumption and demand in the last recent weeks. they say they expect the, the market for campbell to dampen a little bit heading into the summer. so those comments hurting a stock that as we just said put out an earnings report that blew away both on earnings and revenue and outlook. when you say business is going to start softening up and it will be hard to maintain this pace as the lockdown starts to ease across the country, that is the result. campbell's soup down 2 1/2%. stuart: late developments on campbell's soup. down the stock goes. ash, there you go. the dow is up 275. we'll take that.

new jersey governor murphy, he wasn't kind to lockdown protesters. he basically blew them off but he says it's okay to protest the killing of george floyd. new jersey gop chair doug steinhardt joins us now. doug, i have to tell you this. i live in new jersey and it breaks my heart to look down main street in the town i live in, see all the empty restaurants, they have got outdoor facilities. they can't open. totally empty. they're going bankrupt and it breaks my heart. this governor does not care about business in the garden state. >> you're right, you're right, stuart. when government gets in the business of picking winners and losers arbitrarily deciding who gets to earn a living and who doesn't, you turn private property rights into -- he chose wall street over main street, big box over mom-and-pop, the public sector over the private sector. as a result he left thousands of businesses shuttered from one

end of new jersey to the other. we have 1.1 million new jerseyians unemployed and families all over wondering where their next check will come from. whether they can make rent payments. whether they can put food on the table. stuart: why is he doing this? i know that is a silly question for me to ask because you can't get inside his head. he is very wealthy guy. he comes from goldman sachs. what's going on here? >> well, i tell you what i think, i haven't been shy about it. the governor spent his days you know, in skyscrapers looking down on wall street from his skyscraper instead of spending it on main street. i was born and raised in a small new jersey town. the fact of the matter is i think the governor is slow to reopen the state's economy because he doesn't want to cut into the 400,000 public sector workers that are his base. he has chosen the private sector over the public sector and as a result, there hasn't been a

single public sector cut, a single public sector lay-off. instead of entire burden the economic shutdown are born by mom-and-pop businesses around the state of new jersey. stuart: how do you think people of new jersey will feel about this come next election? i have no idea when the governor comes up for re-election, i have no idea about that, but what is the stay of play of voters in new jersey right now? >> they're becoming increasingly disconcerted the way the governor has acted. he hides behind science than be guided by it. we filed a lawsuit which has barbers from north jersey to bar owners in south jersey. i had a chance to talk to men and women around the state, small business owners, i spent time on the phone with a woman the other day who cried for 15 minutes that she has three children. she hasn't had a paycheck since the beginning of march. she is borrowing food money from friend and neighbors. that is the state of new jersey right now. it is really sad. we need a governor who exhibits

strong leadership, not weak, who has good judgment, not bad. willing to put main street over wall street, stuart. stuart: what is the outlook here? how badly has new jersey been affected? >> well, as i said before, 1.1 million unemployed new jerseyians, businesses shuttered up and down the state. the outlook is bleak. we have a governor who is proposing to borrow as much as 20 to $30 billion in order to try to plug budget holes. he is all over the map in terms of what his need are. instead of talking about spending within our means, living within our means, the governor continues to borrow on backs of not only our generation but my children's generation. stuart: doug steinhardt, thanks for joining us this morning. a dire situation in the garden state. we'll have to deal with it. doug, thank you. see you soon. >> thank you very much. stuart: president trump says, republicans will look for another city for their convention after north carolina's governor rejected the plans.

lauren, tell me more. lauren: well the president want as full-fledged convention at the end of august. it is supposed to be in charlotte with up to 50,000 people, full restaurants and bars, no phase masks, no social distancing. and the governor of north carolina, gary cooper saying, we just can't do that at this point in our recovery from the pandemic. so this week rnc officials will travel, you're looking at a map, they will travel to nashville, tennessee. maybe have the rnc there. they could have it in orlando, jacksonville, somewhere in georgia and las vegas, all potential cities and states being considered at this point. lieutenant governor of north carolina bill be on next hour. go ahead, stuart, i'm sorry. stuart: the convention is not due until august. that is two months away. how could he lay down the terms of engagement two months from now? that seems awfully long way away. but that is just me. lauren: a lot of planning that

is involved. that's why. stuart: this is the high of the day, by the way, if you hold your breath for a couple seconds we'll probably be up 300 points. we're up 295 as we speak. 26,039. we'll be back with more after this.

stuart: yes, we made it. the dow is up better than 300 points, almost one .25%. the dow stands at 26,054. crude oil priced at $36.70 per barrel. i think we just got the numbers how much we got in storage, how much we used. what have we got, ashley? ashley: yes we do. we're down over two million barrels. expecting a build over three million barrels. another indication, not gangbusters by any means, we're still swim negotiate stuff. we're using a little bit more. we're down two million barrels after last week's surprise build of nearly eight million. just another sign perhaps things are starting to wake up. stuart: absolutely. that is an economic indicator suggesting demand for oil on the rise. now tell me gas prices. we haven't check adlong time. ashley: we haven't. there is reason for that. you will pull a face. it is 1.98, you're laughing now,

almost back up to two bucks a gallon which goes in lockstep as we've seen the barrel of oil, the cost of oil start to rise. still under two bucks. let's be positive. stuart: i'm not complaining, ashley. if i can pay a buck 98 i'm a happy guy. i don't care what. ashley: jump in the van to go to mississippi. stuart: yes, i could actually. it is a long way. now let's get serious on drug companies racing for a vaccine. pfizer is the latest says they could have one by october. dr. marc siegel is with us. let's not goat into who has a vaccine who doesn't. i'm not interested. say we get a vaccine by the fall, question, who gets it first? >> i tell you who will not get it first. i anticipate your next question. it will not come to children first. pfizer is currently testing 360 volunteers. you had one on them on the show

yesterday. they're looking at people from ages of 18 to 55 and 65 to 85. so i think the people who will get it first, if they manage to get it done by the fall, they will be in phase three trials by think the end of the summer, will be health care workers, and those at most risk, high-risk groups. we need to target those to show if the vaccine is very effective. you saw dramatic fashion yesterday, with the volunteer, looking like it is tolerated. it is safe. stuart: here is the question all parents really want to have answered, if we get a vaccine by the fall, should children, should we insist on children getting the vaccine before they go back to school? >> i'm going to say no on that, stuart. i want children to go back to school period. because they get the mildest cases by far. all this hype about schools has been overblown. they either get asymptomatic cases or very mild symptoms. they tolerate it well.

they're already spreading it to adults when they're at home. i say send them back to school. yes, as soon as it is fully tested i want all children in the united states to get it. they're not the first people i want to get it, i want to first try it with people who are older where the risk is worth it because they're on the front lines, health care workers. then the children. they will not have it by school opening. open to schools, get it to children by the winter. that is what i would like. stuart: one last one for you. i am told when we get this vaccine, you can take it but you got to take it again the following year. in other words you got to keep on taking it year after year. is that accurate. >> that's accurate at least for the time-being, for the foreseeable future. maybe after a while you get a full immunity. then you don't need it after a while. this is a revolutionary vaccine, stuart. it uses genetics to prompt your cells to make the viral proteins. then you get an extremely strong

antibody response. it is never been done before. so far it looks extremely promising. it is a genetic vaccine. state of the art stuff. biotechnology at its best. stuart: you're brilliant, doctor. you answered three questions in less than three minutes. in tv terms that is really a miracle. dr. marc siegel, he knows his stuff around owe is good. >> you're brilliant stuart. stuart: you know, flattery, thank you, marc, thank you very much indeed. let's even get more serious, shall we? new york's mayor bill de blasio has a plan to bring mass transit back. there are major flaws. tell me, susan. susan: for instance, looking at frequency of service for one. the rush hour during phase one. you have to allow for social distancing. some of these people can't get on it, they will not be happy. you're limiting capacity on buses and trains. you will skip stops. people will have to walk or wait for the next ride if too many

people already on the trains or bus. you will shut down stations if there is overcrowding? i don't know how many new yorkers will stand for that. and blocking offsets. mark six feet apart on the platforms, and you will require riders to wear masks, provide the face coverings throughout the system. where will you get the ppe from? what happens if people don't wear masks? it could lead to very hostile environment. even mpa president says this is not exactly the best course of action, at least not well-thought out. stuart: really? susan: in these times, new york has eight million people. stuart: come on. susan: most people use mass transit. they will not be happy with each other, right. stuart: what a flawed plan. buses skip stops because of social distancing on board, you have to skip it? what? you're looking for a riot if you do that sort of thing in new york city. what a flawed plan. thank you, susan. my next guest comes to us from

minn american where it all began. he will give us a first-hand look what he has been seeing in his hometown. he is taking a close look at the actual rioters. this is a very good story. we've got it for you. check the market for you. highs of the day. we're up 318 points. 26,060 now. boeing leads the dow. it is up. it is a dow stock. that is adding 650 points to -- 60 points to the dow with an 8-dollar gain. we'll be back. in this world where people are staying at home,

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stuart: high much the day. look at that. we were up 320. now we're up 313. i will definitely take it. the dow is up 1.25%. well above 26,000. in other words, in about 10 weeks we gainedthousand points on the dow industrials. mcdonald's a modest gain. not bad. they have been a lockdown winner.

mcdonald's is dow stock. that adds 35 points to the dow. they have done very well with their drive-through of course. people ordering delivery while still at heem. 192 on mcdonald's right now. let's get to chicago. police cut off highs and public transit to stop looting which marred peaceful protests. grady trimble is there. if i'm not mistaken, with this unrest they're entering the next phase of reopening, right? reporter: today is phase three, part of that includes retail locations that can reopen at 50% capacity. this is not the reopening the city envisioned a short week ago. this is the magnificent mile in chicago. very popular shopping spot. worldwide famous in fact. this nike store all boarded up has already been looted. we have video of that happening on saturday night. so they're boarded up.

every other store pretty much on this stretch much michigan avenue in chicago boarded up as well. not the best requirement to be reopening but positive news nonetheless nonetheless for retail locations haven't been hit, not worried about being hit. restaurants can open up to outside dining today and restaurants and salons. it is a step in the right direction despite the unrest. they are reopening the city after blocking off highway exits and public transit. thal is back to normal for the most part. we'll see how it goes. stuart: good. grady trimble in chicago. thank you, sir. now it is very regrettable, to put it mildly, the rioters are drowning out and overshadowing the legitimate peaceful marchs in protest. i want to bring in andrew, a fellow at georgetown center for security studies. p andrew, you're from henn-epin

county where george floyd was killed by the police. you've been back there. you saw groups of three to five white males driving around in out-of-state plate cars. you were looking at rioters coming into your hometown. tell me, take me through it. >> first off, i want to let you know overwhelmingly my former neighbors, families, business colleagues here in the twin cities support these protests, support these peaceful protests. the today the chief of the st. paul police marched with protesters. in principle everybody is aligned with it. i will say, one of the things i found personally alarming, is at night, particularly in that first several four or five, six days, there, agitation, property damage, was universally condemned. stuart: yes. but did you see it? >> nobody local that i spoke to said that was a good idea.

stuart: of course. we understand, that the local people are outraged at the rioting and i am with you guys. absolutely full support of the legitimate protests against the killing of george floyd. got it. did you actually see these kids, young, you saw them, take me through that. i want to hear about this. >> so -- [inaudible], i'm in a house about midpoint between the two riot zones in midway and st. paul and over on lake street, kind of somewhere near the marshall bridge, lake street bridge and in those initial days i saw some groups of white males, you know, kind of dressed like they were looking for trouble. might have been locals. i did see some out-of-state plates, illinois, texas. i seen some vehicles with no plates. and i think, what i'm hearing talking to local police officials and even just neighbors is, that they're kind of seeing at night groups, both from the right-wing and

left-wing, there might even be local punks that have nothing to do with the social justice cause of these protests that are causing trouble. we have groups, one called the boogaloo boys. one i heard there are white nationalist militias showing up from out-of-state. on the left-wing, antifa is getting a lot of news. there are also anarchists shown up. i want to make it very clear, when this type of chaos breaks out i was a lieutenant in iraq in 2003. as that looting ensued after the fall of saddam's regime, you get opportune its and mentally ill. people who just don't understand how to function in society and again it is just, it adds tragedy on top of tragedy. so i think that is the my takeaway here. stuart: look, the positive that i see, andrew, is that there is a widespread, almost universal support for the legitimate protests against the killing of george floyd. that's a on one side of the

ledger. i'm delighted to see the rioters, the looters, something is happening in the background there. i got to tell you. i am absolutely delighted to see -- is that a dog? >> that is elizabeth -- i apologize for the interruption. stuart: no, no. >> you know, actually it is a good tie-in, here is what i want to say, another point about your support for the protests. i love your show. i love the balance, analysissed, you provide and commitment to america's economy. one of the things i wanted to make clear to you all, and your viewers is, you know, i live in d.c. but i have minnesota connections. overwhelming, doesn't matter race, white, black, brown, whatever national origin, people are supporting these calls for justice. people are supporting and agreeing with the chants of i can't breathe and a national call to action and that it is all of us. and so, you know, that is why --

elizabeth. that is why it is important for all of us, no matter the race to absolutely really understand what these calls for help mean. stuart: yes. >> to commit to solution. both sides of the perspective, vice president biden, yesterday we heard it from republican leaders and non-partisan independent leaders in the business community and athletics, all of us have the opportunity now to work together on solutions because we have children, we have families. we have to work together. it doesn't matter our race. as whites we have a role to play in this as well. that is what you know, sadly, sadly this could be very positive message, this moment of national unity is disrupted by out-of-state agitators. stuart: i'm out of time but i want to say that your daughter, if that is your daughter? >> that is my daughter. stuart: your daughter stole the show. she is definitely ready for her closeup. anytime she wants to come back on the show she can steal it all over again. >> next time let's talk about

cybersecurity again, stu. hope you let me back on the show sometime. stuart: it was great to see you. and elizabeth. >> thank you, stuart. stuart: good luck, everyone. stuart: take another look at the big rally on wall street. look at that. now we're up 333 points, 26,077. the s&p and the dow hitting three-month highs. love it. american express among the biggest gainers. that's up 4 1/2%. that's amex for you. knew look at zoom. huge lockdown winner. will the party be over, however, when we all go back to the office? well that is an open question but zoom has done very well from the lockdown. one of the areas with the worst effects of the lockdown and riots have in common? here is my opinion. they're led by democrats. i will have more on my take at the top of the next hour.

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stuart: just keeps on going. look at the market up 317 points. there is lots of positive economic news. all kind of positives out there pushing this market higher, all across the board. take a look quickly at goldman sachs. that is leading the dow up 2.3%. big gain for goldman and several other dow stocks including boeing for example. take me to zoom please, unprecedented growth since the start of the pandemic. they posted a revenue increaseet daily. kurt knutsson is the cyber guy, my question is this, young kurt, we all go back to the office, we go back to work i don't think we'll be using zoom quite the way we used to, what do you say? >> i think you might be wrong on that one. you will see some tapering off of it simply because there will be a large amount of people returning to the office, however, if you think about how we're addressing the pandemic in the workplace, what would have been you, me, 20 other people in the conference room isn't going to be like that anymore. there may be six people in a conference room. then the rest of us, while we may be in the office, could be dialed in on a zoom

videoconference call to the conference room right down the hallway. that is where i think we'll see a lot of use. plus, you have got a lot of companies saying, all right, what are we learning from the pandemic? there is some efficiencies here of having people at home and not maintaining as much people at the office. stuart: real fast, kurt, how does zoom compare to its competitors? i'm thinking of microsoft team, for example? >> yeah. and you said the big one right there. microsoft has the staying power, and they're very disciplined in their approach to it, however, if you look what zoom is doing, i think they will get over the hurdles of privacy and security. they're also very intelligent. while they're heavy right now in costs with amazon servers they're leasing to keep up with this demand, in the long term they will see a lot of efficiencies on their own when they start to develop their own server farms. that is it where they will see the ability to really stay competitive in the marketplace. i think there in it for the long

haul here. stuart: we'll be on screen for a long time. that is the way it looks to me. >> zoom fatigue. good to see you, stuart. stuart: zoom fatigue. good stuff. there is so much positive news out there, i will start with this. we have new data on saying? see those lines? how about that. another positive, big conference call today with sports commissioners. they're discussing reopening sports. we have got details. that is a plus. mainstream media slamming the president for walking to the historic d.c. church with a bible in his hand. how dare he. fox news's martha maccallum was watching it live on the air. her take on the historic walk next hour.

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i refinanced my student loans with sofi because of their low interest rates. thanks sofi for helping us get our money right. ♪ stuart: yes, this is worthy of a fox business alert. breaking now, the "new york times" reports that britain's prime minister boris johnson pledges to admit three million people from hong kong to the united kingdom. it just so happens we have with us florida senator rick scott, who is a real critic of china, and has a lot to say about the u.s./china relationship with hong kong. mr. senator, that is dramatic news. three million people from hong kong possibly going to britain. would you like to see america do the same thing? >> first off, i think boris johnson is doing the right thing. i think, you know, we all have to hope communist china is held

accountable and recruiting the talent that's in hong kong will have one, a positive effect on those individuals' lives and number two, will have an adverse impact on communist china. so absolutely. i think it's something we need to look at. they've got a lot of entrepreneurs there, lot of hard-working people. if they were helping us build our economy i think it would be a real positive. stuart: mr. senator, would you do us all a favor and stay right there, please. i just got some other business to attend to. i promise to be back to you within a couple minutes. hold on, rick scott. take a look at that market because it just keeps on going up. now we are up 320, almost 330 points. 26,070. there's lots of positive news in the background here today and that is indeed a rally. first off, we learned this morning that only 2.7 million private sector jobs were lost in may. i say only because the economists were expecting a loss of nine million jobs. that is much, much better, a

much rosier picture on employment than we were expecting. now, we did see a drop in factory orders of 13% in april but then again, that was widely expected. if you look at the trend in all these economic numbers, it is towards an economy that is expanding. that's why we've got a solid stock market rally, up 340 on the dow. and now this. why is it that the worst effects of the lockdown and the worst rioting took place in cities and states that have been run largely by democrats. i think it's time for some serious questioning of liberal politics. let's face it. for a generation, very few republicans could get elected in california, new york, illinois and those that were, were hardly supporters of ronald reagan or donald trump policies. i can't remember a pro-business elected official in any of those blue states. the employer was always the bad

guy, profit always looked down on. if you were successful, you were just a winner of life's lottery. as senator warren famously said, you didn't build that. it was always all government, all the time. it's always about victims. this is why so many democrat-run places are broke. illinois, new jersey, crippled by government worker pension obligations. years ago, democrats pandered to municipal workers so they could get elected. in new york city, mayor bill deblasio pandered to anti-police sentiment to get elected. look how that turned out. now they want red states to bail them out. this is why successful people are leaving blue states in droves. they get no respect. all they get it disdain and higher taxes. they take their money and their talent elsewhere. so when crisis strikes, these states flounder. lockdowns stay in place much longer than in red states. they don't care about business,

they don't care about the economy. they think they will get votes by hating trump and when riots strike, same story. instead of restoring order and saving downtowns, they blame the president and watch businesses burn. i'm not predicting big change but when decades of liberal policies fail so obviously, perhaps the people of new york, california, illinois, connecticut, new jersey and others may start to take another look at what brought them to such dire straits. we are fortunate to have senator rick scott still with us. i believe he was listening to all of that. he's got a smile on his face so i think he was. the states that are reopening the fastest, i think i'm right in saying that they are the states that are doing best. >> absolutely. you know, stuart, i grew up in public housing. i watched my parents not have a job. i watched my dad lose his car. know what i figured out pretty early? it was better to have a job than not have a job. who creates those jobs? business people. so when i got elected as

governor in 2010, same time as cuomo, i just went after jobs and jobs and jobs and you could see the difference between new york and florida. i cut taxes, he raised them. i reduced the state debt by a third. he increased his state debt. we -- our job growth was dramatically better and he was always mad at me because i would go to new york and recruit his companies to go to florida, saying one, we like you, two, our taxes are going to be lower, regulations less, you can compete globally if you are headquartered or do business in florida rather than in new york which doesn't like you. so it worked and now he's mad, he wants florida taxpayers to bail him out because he can't live within his means. that's what these democrats governors don't do. they never live within their means. borrow money, raise taxes until they can't anymore and that's where they are right now. stuart: mr. senator, you seem to be enjoying yourself this morning. we are very glad to see that. now, your senator, your colleague, senator portman, suggests a $450 bonus to go back

to work. what do you make of that? >> well, first off, we ought to fix the problem we created. you know, what the democrats wanted, they wanted to pay people and now it's something like two-thirds of america gets paid more money on unemployment than employment so these poor small businesses can't get their employees to come back because they say hey, i'm making more money not working for you, i'm going to keep doing this until the end of july. i think we got to be really careful. why don't we fix the problem instead of saying here's some more money to go back. i'm worried about the people that did the right thing, they kept showing up to work, and now we shouldn't be saying hey, you know, we are going to give you some money to go back to work. you should be going back to work right now. stuart: mr. senator, always a pleasure. thank you very much for being with us this morning to give us your view on some very important news breaks. mr. senator, thank you. let me check the price of oil for you. we are close to $37 a barrel.

we are using more oil, two million barrels of oil taken out of storage and used. up goes the price. i think that that is a significant economic indicator, indicating that the economy is expanding again. demand is there. more winners for you. start with boeing. that's leading the dow. we have new numbers from the tsa, the security people. more people passing through airport security. they are traveling more. boeing is good for about, what, 60 points on the dow. it's up 11 bucks right now. economic indicator. goldman sachs, another dow winner, that adds about 30 points. it's up 2.5%. mcdonald's, they are helping the dow as well. big boost from food delivery during the lockdown and of course, those drive-throughs which are packed. lyft, a positive reopening story. i need help on this one. susan, what are you seeing? susan: so may, yes, we are down some 70% from a year ago but from april, that's a lift of

26%. notice i used that determine -- stuart: i hate puns. susan: i love them. in any case, ridership is improving. that means states are reopening, cities are reopening so ride share trips increased for seven consecutive weeks and for the final weekend in may, you have seen an increase here of 36% versus the last weekend in april so it shows that as states are to reopen and businesses start to pick up and people are not taking mass transit, they are using lyft and uber instead, these numbers continue to go up. don't forget, they were decimated some 80% during the depths of covid-19. last night, because of the curfews that kicked in, they actually stopped rides from 8:00 p.m. until past midnight here in new york city. stuart: but that's an 11% gain on lyft as of right now. 35 bucks a share. that's a rally and a half right there. susan: but still far off the ipo offer price. they went public at 72. if you bought on day one, i'm not sure you're happy with this pricing. stuart: actually, i have forgotten that.

you're quite right. quite right. sad trombone playing in the background there. all right. 35 bucks, i'm sure people will take that on lyft. airlines. ash, give me the numbers on people going through tsa checkpoints. ashley: they are going up, up and away. gone are the days where you are seeing empty airports. there is actually a line coming back again which is always a good sign. 353,000, just over that number, passengers traveled through tsa checkpoints on monday. you can see from the screen, the most since march 22nd. the daily average has also more than tripled since april 18th. people getting on planes, they are modest green shoots. prior to all of this, we were in the two million plus range. the most popular destinations right now, i'm all about it, beaches and mountains. those are the popular destinations. stuart: i'm with you on that one. all right. there's just so much positive

news this morning. lauren, give me some more big winners, please. lauren: let's start with marriott. that stock is up 8% this week. guess what? all of their hotels in china are open. average occupancy, 40% there. they are seeing business travel and leisure travel come back. very positive sign. let's continue talking about the airlines. spirit, they are actually adding a route next month, cincinnati to newark. that stock up 12% this week. we've got to talk about royal caribbean. okay. it's up this week by 8%. up 20% last week. and since early april, it is up 70%. this stock has gone so far, so fast but analysts are cautioning right now. you still have the no sale order not lifted yet by the cdc until perhaps the end of july and they likely will need some cash. nonetheless, those are three tremendous winners in the past week and month or so. stuart: can you imagine how much

money you would have made if you had a strong enough stomach to buy airlines and cruise lines ten weeks ago. oh, my goodness me. lauren: i think about it every day. i say too bad i didn't do that. stuart: true. well said. let's go to goldman sachs. they changed their forecast. they see a rally in stocks, maybe going up to 3200 on the s&p. that's well above, that's about 200 points above where it is now. no, it's not. it's only about 75, 85 points above where it is now. they are on track for that. brian brenberg is with us. all right. let's discuss the overall economy, because i just see a lot of positives here. i see a distinct v for the economy, not just the market, the economy. what say you? >> yeah. you know, stu, you have been talking about the macro economy and markets. let me give you context on the microlevel. i have been out in my town in minnesota, about an hour north

of the twin cities, and asking some of the small businesses what are you making of the current context, how are you dealing with this. they said a very interesting thing. almost to a tee, they felt like this week, the reopening has been so much easier for them because the spotlight isn't on them when it comes to is this safe, are we going too fast. that has been totally shifted. they have kind of been left to themselves, stuart, and they are getting back to it. around the country in small towns, medium size towns, you are seeing businesses breathe a sigh of relief in getting back to it. the they are no longer the criminals we were making salon and gym owners to be just a week ago. just two weeks ago. stuart: you saw that adp number this morning. we lost 2.7 million private sector jobs. i mean, the analysts or economists got that so wrong. i'm not taking it out on you, brian, but we were expecting eight or nine million job losses. how come it was so wrong?

is that a really strong positive indicator? >> well, it could be one of two things, stuart. one, it could be how adp measures the unemployed. they treat furloughed workers differently than the bureau of labor and statistics. we have to dig in and see about that. here's the other thing. the other piece of it might just be that economists tend to be negative. have you noticed that all their predictions lately have been on the negative side relative to the trend? i think it's very hard for them to get a sense for what's really happening at the ground level. it's very hard for them to measure energy and hopefulness. i think what you're seeing in the american people is where they can, americans are getting back to it, they are driving, they are shipping things, they are shopping, they are investing. that's the kind of thing that economists can only guess at but eventually show up in real data. stuart: it's a wonderful thing. just a wonderful thing. americans busting out all over. >> may we have more of it. stuart: yes, sir. thank you very much indeed. brian, all good.

see you again real soon. look at this. we are almost up 400 points. 1.5%. solid, solid rally. the dow is at 26,137. i will repeat this. that's up 8,000 points, almost 8,000 points since late march. about ten weeks ago. that is astonishing. next case. protests morphing into riots across america, putting police officers in danger. coming up, we will talk to the ceo of a company that makes body cams, cameras. they make them for cops. but i want to know, are we going to see private citizens, ordinary folks, using them to record everything they do? i can see that day coming. we will ask the ceo. president trump says the rnc, the convention, needs a new host city. north carolina's governor says full scale convention, unlikely in north carolina. we will tell you the possible contenders for a different state coming up. the mainstream media slams

the president for walking, walking to a historic d.c. church with a bible, no less, in his hand. fox news anchor martha maccallum watched it all unfold live on the air. she joins us next.

stunning image right now. we are watching at president trump walks past areas that have been downgraded by graffiti right between the white house and st. john's. they are now walking over to the boarded-up doors of st. john's church, the church of the presidents. i know the camera work is tricky here because they are literally chasing the president as he makes this really i think significant moment journey. stuart: that was wonderful.

that was the voice of martha maccallum on fox news speaking over the video as the president walked to that historic church right outside the white house. martha maccallum is with us now. i believe you talked about the president taking back d.c. and it was an historic moment. i think in my opinion, you are absolutely right. but did you ever think that it would be turned around by the media to be such a negative? you ever think that? >> well, i mean, i don't think anybody should be surprised, really, in the environment that we're in right now. it did, you know, at the time watching it unfold live and knowing that there had been, you know, moments that the president has spent having to go down to the bunker that hasn't been used, i don't think since 9/11, on friday so this was such a tense period when what we saw get so close to the white house in terms of these protests, then to see smoke pouring out of st. john's that night as well, i think was one of the most

frightening moments that we have witnessed in all of this. so you know, clearly it was the president's goal to show that peace could be restored to that area, to walk over to the church and to do so in sort of a moment to kind of take back that area, to restore peace to that area. stuart: he seized the moment and gripped us all, in my opinion, when he did it. martha, president trump is speaking out about the media's criticism. he spoke out on the brian kilmeade show just an hour ago. roll tape, please. >> well, my response is simple. most religious leaders loved it. i heard franklin graham this morning said it was great. i heard many other people think it was great. and it's only the other side that didn't like it. you know, the opposing -- the opposition party, as the expression goes. they burned down the church the day before. i heard how nice and wonderful the protesters were over there. really? then why did they burn down the church the day before? they burned down a big section

of it. fortunately, they were able to catch it in time. stuart: it's astonishing to me that the media would find something negative about the president holding a bible in front of a burned-out church. i mean, that to me is astonishing but let me move away from the negatives for a second, martha, because i know you've got a solid business background. you see what the market's doing this morning, up nearly 400 points? the news is just full of positives today. >> i think it's astonishing, personally. we have been so deep in covering these protests across the country and the insult to injury that they add on top of these businesses that have been affected by it, i hope that these protests, you know, the protests can go on peacefully for a long time, i think a lot of people hope, and certainly everyone has a right to do that, but the rioting that was also part of that i hope we will see an end put to. we had a quieter night last night and i guess, stuart, that the market is taking great

confidence in that. it's also very interesting, i heard one of your conversations this morning talking about how it has provided in a strange way sort of a distraction to the return to business for companies and small businesses that have been plagued by the coronavirus. so i find the market's reaction very startling and surprising, and you know, certainly we hope they're right. we hope their optimism about the future is right. stuart: i think one of the things that the market likes, investors like, is that we are separating out the very legitimate protests, peaceful protests about the killing of george floyd. that's now separate from the rioting and the looting and the destructi destruction. we are looking at live pictures now from washington, d.c. but i think we have separated the two and i think america is the better for it because i think the protests against the killing of george floyd were absolutely spot-on and dead right, and the arsonists were

dead wrong. last word to you. >> absolutely. i mean, as i said throughout all of this, the right to protest is a part of our dna in the united states. it's who we are. everyone has the right to speak out and to march. once you pick up a brick and throw it through a window, that's a criminal act. those things need to be separated. i also think there's a lot of intelligence that's leading to some of the organizers of some of these movements that are out there and i hope that it leads to arrests that can be made because, you know, obviously people who are doing this kind of activity need to be incarcerated. stuart: martha, thanks again for joining us. we will be watching tonight. that's a guarantee. martha maccallum, thank you. i've got some more pretty good video for you. call it amazing, actually. more than 60 police officers, this is fayetteville, north carolina, kneeling with the protesters in the street. they were trying to show solidarity with their cause. those images are going as they say, viral.

more winners for you. first off, cheesecake factory. this is extraordinary stuff. they have reopened about a quarter of their restaurants already with limited capacity but get this, those restaurants are already pulling in 65% of what they made at this time last year. the stock is soaring. it's up 18%. $24 on the cheesecake factory. sports could be one step closer to coming back. today, congressman steve scalise is talking to top sports officials. the nba reportedly considering bringing the rest of the season to disney world. we've got that story for you. and protests supporting george floyd growing from coast to coast. a live report from three major cities after this break.

stuart: oh, i do hope you're just tuning in because if you are, look at that good news. the dow is up close to 400 points. we've got a sea of green. the s&p, the nasdaq, the dow industrials, just about every industry group on the upside. business news alert. as in fox business alert. brand new video just in. watch as looters attack a police captain in new york city. this was more than an hour after

curfew went into effect and this was last night. it was a direct attack. you saw it. extraordinary. in boston, rioters set fire to dunkin donuts. police say they also threw different objects and shot flares at police officers in the street. you can see the violence was not entirely gone. in portland, police used pepper spray and flash-bangs in their clash with protesters in that city. again, obviously all the violence is not yet done. we have live team coverage throughout the country. hillary vaughn, washington. kristina partsinevelos, new york city. grady trimble, chicago. we start with hillary. what do you have for me? reporter: stuart, i want to point out something that happened just moments ago. we did see this police force essentially a human barrier between the protesters right here and the white house which is over there. we saw them move back several feet, repositioning themselves. we believe to give more room to the protesters here so they're not standing out in the

intersection. you can see there's about 40 people gathered right now. everything relatively calm between the two. we are expecting, of course, more people to come throughout the afternoon. yesterday, the crowd we saw was the biggest crowd yet that we have seen in front of the white house, but we are expecting, of course, more people to come today. but the point is that even though we did have a larger crowd yesterday, there was relatively very little damage in the district. part of the reason because any storefront that could have been smashed, most of them were already smashed or they already had plywood barriers up. you can see there are some plywood barriers over there. we will keep you updated as things move and progress throughout the day here. stuart? stuart: i would call that enforced peace. thanks, hillary. let's move on to new york city. kristina partsinevelos, i think you are at the saks fifth avenue, razor wire and all. go. reporter: normally for any type of viewers they wouldn't be able to recognize the background behind me but you are correct. i was here actually at 5:30 this morning when there was 20

security guards lining the entire property here. now they have been down a little bit. i want to show you, they have reinforced not only with wood, that wasn't enough. let's add some wire bars and now razor bars, i should say, and now they are adding additional wood on top of that, all around as well as the spotlights we have on each corner. we know that mayor deblasio has put in a curfew until 8:00 p.m. until sunday. here you can see the crews working. deblasio just also had a press conference where he said for folks who say defund the police, that is not the way. lot of people are upset with the drama that's going on between the governor and the mayor, even a police union put out a statement saying these out-of-touch and inept politicians are obviously using the members of law enforcement as pawns. unfortunate, the situation, but the city is on lockdown. everything is boarded up. we went around soho, manhattan, just to check out the damage. fortunately today, it wasn't as bad. we saw a lot of boarding up

across fifth avenue, madison, soho. when you look at the damage, though, over the past two days, it's going to cost a lot of these small businesses as well as large ones lots of money. there's been looting that's been going on. the 7-eleven we can show you visuals of that as well as the duane reade glass crack. i will end on this. two major observations from this morning. one, a lot of these retailers are actually painting the boards so it looks aesthetically pleasing and those that can afford it are hiring private security. you are starting to see a lot of private security guards lining a lot of these businesses across the city. hopefully things will be improved over the next 24 hours and beyond. back to you. stuart: well, it looks like a solid anti-looting strategy because that looks permanent right there in front of saks. it looks like it. reporter: exactly. stuart: thanks, kristina. let's move on to chicago, where grady trimble is in charge. what have you got? reporter: stuart, two protests last night, both of them remaining peaceful. one on the north side, marching south from wrigley field. the other on the south side.

but you can see behind me, take this in for a second because this is not something you see too often. all of the drawbridges over the chicago river are up and they have been up since saturday to try to prevent people from getting into the downtown area and continuing to wreak havoc here. it has worked so far but swing around with me, because for the first time today, they are putting down several of the drawbridges here and to the west of the river, so we will see what happens as the city begins to reopen. they want to allow traffic to come back into the city, but they also want to keep the protesters or i should say the looters and rioters out. now they have a better access if they decide to come back to downtown. we hope that toss not happen. stuart? stuart: grady trimble in chicago, thank you very much. now this. president trump says the republican national convention needs a new host city. here's the tweet. would have showcased beautiful north carolina to the world and brought in hundreds of millions of dollars and jobs for the state but because of north

carolina governor roy cooper, we are now forced to seek another state to host the 2020 republican national convention. look who's with us. north carolina lieutenant governor and that would be dan forrest, who is a republican. what do the people of north carolina think about losing all those jobs and the money because they are losing the convention? >> well, first, good morning to you, stuart. good to be back with you. thanks for having me on. i think it's a pretty devastating day in north carolina but especially for the city of charlotte and especially for those folks that are employed in the hospitality industry who have been shut down and shut out of work for months now, and they just got a little hope back open for a week, then rioters and looters started to destroy the businesses and now they are closed down again maybe for months, and now this news about the convention, probably the only hope that was going on in charlotte was a big convention with $160 million, $170 million pouring in and now that's going away because of

indecision, inaction or rather, a negative action by the governor. stuart: nothing you can do about it, though, is there? until the election. i believe you are going to run for governor. >> well, as i tell everybody, elections have consequences and we are seeing the consequences right here in north carolina, well over a million people unemployed and decisions like this, a lot of inconsistent decisions as you have seen all over the country where people claim they are using science and data but their decisions are all very subjective in nature. so i think the media, the people that have the opportunity to ask the questions really need to dive into this science and data question and make these politicians prove what science and data they are using. let me also point out when you talk about the violence and the destruction and the rioting and looting going on, you are talking about that going on in cities that are democrat-controlled and most of the states that are democrat-controlled. law and order is equally as important here, our first amendment needs to be upheld and people need to be able to peacefully protest all day long but the destruction and violence

has to stop. stuart: it's got to stop. i think it will. dan forrest, republican, lieutenant governor, north carolina, thank you, sir. come see us again real soon. >> thank you, stuart. have a good day. stuart: thank you, sir. breaking news. this is the fight against the virus. dr. anthony fauci says we could have a couple hundred million doses of vaccine by the end of next year. one drug maker is working to make it easier to treat the virus at home. okay. we will bring you that story. check draftkings. the stock is soaring on hopes of a return to live sports. it's down today, but boy, has that thing gone up. the ceo joins us next.

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stuart: it just keeps on going up, doesn't it? look at that. now we're up 430 points, 1.66%. the s&p is up 1.25%. the nasdaq is lagging. tech stocks are lagging here but

still up, .66%. lots of green. all right. come on in, ash. tell me about the nba. are they coming back and when? ashley: well, it's fascinating. "new york times" reporting that the league, the nba, very close to striking a deal with disney to begin the opening, reopening, restarting the season at disney world. if that has you scratching your head, keep this in mind. disney world is twice the size of manhattan. it's huge. there is many, many places, they have three arenas that can be turned into 20 basketball courts. that means you could have two nba games going on at the same time. they have 18 hotels, players, support staff, coaches could all stay at the hotels and let's not forget, they also have the big broadcasting facilities there through espn. don't forget, who is the biggest customer. disney is the nba's biggest, biggest customer.

disney through espn and abc airs a large number of the nba games so all of this seems to be coming together. when, you ask? possibly in late july, if they can sort out all the fine details. right now, it seems this is the best opportunity for the nba to literally go to disney world and start the season. stuart: it's a great opportunity for disney as well. it's a perfect fit. ashley: huge. stuart: i didn't realize they have three arenas, it's bigger than manhattan. i didn't know all of that. great report. ashley: absolutely huge. stuart: that's a great idea. well done, ashley webster. ashley: well, it was the "times" but thank you. stuart: i want to stay on sports. this is a big deal. draftkings is with us. the stock is down today but that thing has gone through the roof recently. jason robbins is the ceo and he joins us now. jason, your big deal is the return of the nfl in the fall. that's the whole story here, isn't it?

>> well, i think that's the most important piece of the story. obviously we are very hopeful that the nba and other leagues, hopefully major league baseball, will figure something out. but i think the nfl starting on time and the season going through without a hitch would be a pretty big deal for everybody in the sports world. stuart: did you like the sound of that disney nba story? >> i'm just still kind of, like i had no idea disney world is three times the size of manhattan. that's amazing. stuart: three stadiums, all these hotels, it's a perfect fit, isn't it. you guys must be cheering on disney. >> you know, we are very hopeful that that will be something that comes together. disney's a shareholder of ours and espn's a fantastic company. certainly we are hoping they pull something off and we will be ready if they do. stuart: tell me what you have been up to while most sports are shut down. what kind of bets have people been making during the lockdown?

>> you know, it changed a little bit. at the beginning when there were no sports on, it was a lot of random stuff like tv shows and other things we were creating for you to play pools. e-sports has really become big for us. simulations using ea's madden game for nfl and fantasy games based on that have been really interesting. then there's random sports like table tennis that have picked up steam. but really, over the last couple of weeks, as you have seen a return of more of the traditional sports, there's been a lot of attention focused there. the match that was on turner between peyton manning and tiger woods versus nicholson and brady was fantastic for us, ufc and nascar, we are really excited about pga coming back with their first tournament starting in a few days. lot of exciting stuff happening in traditional sports world. then still seeing really good stickiness and traction with things like e-sports. stuart: you do anything with

soccer? english premier league soccer? do you? >> very excited about that one. it's a big deal for us also. we think that that's going to be bigger than ever this year, at least we hope so. then you know, hopefully you will see other leagues follow like mls in the soccer world. i think epl on track to come back in just two weeks' time is pretty exciting. stuart: exciting for ashley webster and myself in particular. jason, the whole world is opening up for you. it looks great from your perspective right now. we are cheering you on. i want to thank you very much for being on the show. we wish you the very best of luck. draftkings ceo. thank you, sir. >> thank you. stuart: sure thing. now then, gilead, you know the biotech people, they've got remdesivir. that is a treatment for the virus. lauren, they are working on a version of remdesivir, tell me, that can be inhaled, right? lauren: this is with a

nebulizer, you inhale a mist, eventually perhaps a powder. i know you are saying the easiest form would be a pill that i can take. remdesivir because of the chemical makeup, you can't have a pill but if you can inhale something, you can take it early on, if you get coronavirus you take this treatment early on, might prevent you from having to go to the hospital, where remdesivir is traditionally given through the bloodstream. stock is up 1%. it did get an upgrade because of high hopes for this medication. stuart: okay. tell me what dr. anthony fauci is saying about a vaccine. remdesivir is a treatment. tell me about fauci and a vaccine. lauren: he says the u.s. could have 100 million doses of a vaccine by the end of this year. likely the moderna vaccine because it enters phase three trials in july. he also says this. the durability of immunity that's protective ranges from three to six months to almost always less than a year.

that's not a lot of durability and protection. he said that to the "journal of the american medical association" yesterday. why is that important? it means you are likely going to have to get a vaccine every year, at least in the very beginning. then there's still, you know, 20% of people say will never take a vaccine. we hope they get one, we hope they get one soon but you will likely need more than one and not everybody is going to take it. stuart: that is for sure. lauren, thank you very much indeed. now, police officers obviously under a microscope round the country with all these protests going on. now, there is a movement, we are talking about the body camera here. that's involved in this story. body camera companies are getting a big boost because of the disturbances, of course. one of those body cam companies is digital ally. their stock has nearly doubled this week, this week it doubled. we will talk to their ceo after the break.

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that is the story of the moment. body cameras, and their use during this unrest. we have with us the ceo of digital ally, which is a body camera company. stan ross is with us. stan, welcome to the program. good to see you. >> good seeing you, stuart. stuart: now, am i right in saying that body camera, the demand for them from police forces, has gone straight up during these disturbances? is that accurate? >> that is absolutely accurate. stuart: okay. now, what i'm interested in, because obviously, i can see the need for body cams on cops, what about private citizens? going forward in the years to come? you know, i can see the time coming when we all have a body cam and it's on all the time. you see that coming? >> you know, i don't know if we are going to go to that point as far as individual citizens having it all the time but the majority of the facilities that you are going to attend, where there's any type of crowd or,

you know, a situation that maybe there's two teams that one group is rooting for one side, one is rooting for the other, you will see a lot more of the ushers and people that would be there to assist in the event actually going to be wearing body cameras. stuart: why would they want body camera? i don't see what they would use them for. >> look, here's the biggest thing we have seen so far. the one thing about a body camera and the reason it's so important and needed not only on all officers, but on a lot of the security people, because it does two things. one, it sits there and the officers themselves know they are going to be judged by how they are responding to a situation. on the other side of it, you've got the individual that maybe being a little disruptive, they are going to actually see the body camera and see that look, i'm going to be recorded, so what happens is it becomes more of a deterrent so let's just say you are at a football game and the usher can come up there and some people are being unruly,

you can sit there and say, you know, gentlemen, ladies and gentlemen, whatever, you realize you're being recorded. you don't want to be that individual that is going on youtube and be the mad soccer parent. stuart: you had to pick on soccer, didn't you? can you give me any numbers on how many units, if i can put it like that, how many have you sold recently? how much have you gone up? >> well, i tell you, it's not a problem to get ahold of a police officer agencies right now and they are all looking for funding to make sure and outfit all their officers. it is a need that they recognize and would love to have. it's just a matter of funding. that's what they are trying to do is find out how they can come up with proper funding to outfit all their officers. stuart: okay. does the information, does the information that you collect on the body cam, does it go up to the cloud and then accessible by other people if need be?

>> it's basically, you know, the department's, you know, information so they can either use a local server or the cloud, then utilize it, they decide who they want to share that with. stored and managed. stuart: stan ross, congratulations on your stock price performance this week. you've done very well. congratulations on your product. we appreciate you being with us. stan ross, digital ally. thank you, sir. more "varney" after this. look, this isn't my first rodeo... and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage

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cheesecake factory reopening story. the stock straight up. look at dave buster's. that is another reopening story. that is up 24%. that is dave and buster's for you. a sea of green all across the board, every major indicator on the upside, the dow is up 400. see what you give you, neil cavuto? neil: believe me, i will screw it up. stuart, thank you very, very much, we're up 415 plus points as you indicated here. most of the s&p 500 sectors are chugging along here. we're following promises by opec and even some non-opec countries to rein in supply jet again. they have been pretty good at doing this lately. that combined with the global economy has been the wind at these guys back. averages have come far from the march lows, remember those? in the case of nasdaq up better