maria: i want to thank everybody for being here today. dagen, mark, kelly, great to be with you guys. >> great to see you. maria: always great to see everybody. jobs report tomorrow. don't forget to join us. we have all hands on deck for the may jobs report from the labor department tomorrow morning. that does it for us. "varney & company" begins right now. stu, take it away. stuart: i'll be there, i promise. i'll be there. okay? good morning to you. good morning, everyone. all right. first of all, let's deal with the latest jobs numbers. 1.8 million filed for unemployment in the latest week. that means there has been a very gradual down trend in those benefit claims. but it brings the total number of unemployed since mid-march to 42.65 million. that is a gigantic record-setting number. although it was expected and as they say to some degree, it's baked into the market. as of right now, pre-market, the dow is going to be on the way down. it's getting a little help from

the europeans today. their central bank will pump trillions into the euro zone economy. that's called stimulus. investors like it. so the dow is going to be down maybe 100. s&p, 17. the nasdaq, about 26. that's not a big pullback after yesterday's big gain and this week's very big gains. opening up the economy, that's a big deal for investors. this week, many theme parks and vegas casinos will open up again, albeit with limited capacity rules in place. and gm's ceo mary barra says auto plants will be back to pre-virus levels by the end of this month. opening up, very important. here's what you are waking up to this morning. lot of boarding up of storefronts in the big cities. that appears to have cut down on the looting. heavier charges against the police officer involved in the killing of george floyd. it's now second degree murder. in addition, the other three officers involved have been

arrested and face criminal charges for the first time. following that, the protests were just as big but they were largely peaceful overnight. however, violence in new york city. two police officers shot, one stabbed in the neck. we will cover it all. stay there, please. you are about to see piles of bricks stockpiled for later use by rioters. that is an outrage. "varney & company" is about to begin. stuart: i want to get right to the bricks story. look at this. piles of them appearing at protest sites around the country. those rioters stocking up for violence. kristina partsinevelos with us in new york. show me the bricks and tell me what the feds are doing about it. reporter: well, much of the destruction appears to be coming from people who are committing crimes and taking advantage, believing that the police,

there's a low risk of being caught. before highlighting the bricks thing, i'm in union square right now. there are no garbage cans anywhere. yesterday i saw city people picking up a lot of the garbage cans in the city and now the latest is the nypd commissioner has said they are investigating. they tweeted out this is what our cops are up against, organized looters strategically planning caches of bricks and rocks at locations throughout new york city. and there are similar investigations going on across the country, even kansas city police put out a tweet, they said we have learned of and discovered stashes of bricks and rocks in and around the plaza to be used during a riot. if you see anything like this, text 911 and they go on to say they are looking into it. i did call and e-mail about a dozen different places, construction sites, brick suppliers throughout new york city, brooklyn, a few in new jersey to corroborate the story. i haven't been able to actually find anyone that said they have had bricks stolen but of course, this is a situation that you

have police departments across the country looking into. like you mentioned at the top of the show, you had a little bit mofr more of a peaceful demonstration yesterday evening but protesters went to gracie mansion, the mayor's home, yesterday. we have footage of that to show you. seems like the curfew may be helping but didn't help the situation in brooklyn. that's where you had one nypd officer who was stabbed in the neck, two others were also hurt. these are two other officers in an unprovoked attack at this moment and they are investigating that situation. right now, the commonality is investigations, looking into how this looting damage is happening and who's causing it. back to you. stuart: got it. thank you very much indeed. let's bring in andy puzder. andy, look, you are a former ceo. got it. why don't other ceos of big corporations take a stand against the rioters and the looters? because they don't at the moment. >> a lot of it is fear. the left is very good at distorting whatever the

opposition has to say, particularly if the opposition is a businessman or businesswoman, so there is fear that their companies will be attacked, their companies will be singled out and they will be labeled as racist, their company will be labeled as racist, so they are very concerned about going out and taking that risk. now, given that free markets only work if you have a civil society, if you have laws that people respect and abide by, people should be out speaking but i think it's just that fear that keeps them from doing so. stuart: i understand it. i can see it. but i don't necessarily like it. all right. let's get -- >> me either. stuart: i'm sure you don't. 1.8 million, that's the number of first-time filers for unemployment claims in the latest week. got it. andy, that seems like we're levelling off ever so gradually. there's a down trend here. you encouraged? >> i'm really encouraged. it's a really impressive number and the reason it's really impressive is you have to keep in mind that in march, the state governments and the federal government decided they didn't want people showing up to work because that's how you spread

the disease. so we shut the economy down. it still hasn't reopened. and the federal government enacted these very generous unemployment benefits, an extra $600 a month. right now you've got 68% according to a university of chicago study, came out this week, 68% of people receiving unemployment benefits are making more on unemployment than they made at their jobs and 20% or one out of five are making double what they made. so you are encouraged to stay on unemployment. the fact it's coming down is a testament to american workers and their desire to get back to the job. luckily that all inspires, assuming congress doesn't muck it up and re-enact it or enact something similar, people will be getting back to work in bigger numbers. stuart: 20% make double what they made at work. that's extraordinary stuff. all right. andy, thank you very much. good information. appreciate it. let me take you to amazon. oh, boy. here it comes. they are facing a liability lawsuit.

tell me more, susan. susan: lawsuit filed in brooklyn court by six people, three that worked at amazon, three family members and one that tested positive. this lawsuit interestingly enough is not asking for money. they want more coronavirus protection and this is the second such lawsuit filed after one was filed in an oregon court, also at the state level in los angeles. now, amazon to us here at fox news saying that look, we have actually done a lot. in fact, we have offered employees unlimited time away from work, we are spending over $4 billion from april to june on covid-related initiatives, they say. but what these workers are contending is that they don't have time to wash their hands between wrapping and packaging goods and also, they are not given the right amount of ppe. stuart: interesting twist on going from money, isn't it? very interesting twist. rather different, i would say. susan, thank you very much.

let me bring in lauren as we show you fed ex. they are raising their delivery fees, i believe. to me, that says business is great. lauren: business is like it's christmas time now, the past three months during coronavirus, and it's overwhelming fed ex's system. it used to be they would ship from a warehouse to a business. lots of items at once. now it's warehouse to customers' homes. that's impacting their ability to make big profits so they are increasing fees. for large residential deliveries for the most part, there is going to be a surcharge starting on tuesday for each package sent to a customer's home, if the retailer is a big retailer who sends out thousands and thousands of packages a week. also, a $30 fee for oversized deliveries and 40 cents if you use the smart post, where the fed ex deposits packages with the usps for delivery. the surcharge is so they can

protect their margins and guarantee we get our items. stuart: i see it as an economic indicator. business is great. lauren: it's a good one. stuart: just great for them. check futures one more time, please. still in the red but not that much, down maybe 70 on the dow industrials. market watcher ed yardetti joins us again. ed, we are down a bit today. but we are up huge in the past week. i get that feeling that the market just wants to go up. how about you? >> yeah, i think that's absolutely correct. look, a lot of investors when they look at the various asset classes, bonds aren't interesting anymore with yields so close to zero. ever since the fed came in on march 23rd with qe forever or to change the analogy, think about b-52 bombers, carpet-bombing the economy with cash. ever since then, we have seen tremendous rebalancing out of bonds and into stocks. that's still going on. stuart: how much of this rally is fed money, stimulus money,

printing money, and/or the economy's on the road to recovery? >> all of the above. it's all of the above. if investors actually thought all this money wasn't going to work and we were going to have a depression, the stock market wouldn't be rallying like this. but i think the market's looking at this more as a natural disaster than a looming depression. i think the market perceives that the reopening is going to succeed, that we are not going to have the kind of second wave that would shut it all down again, and that the future's actually bright. i know that flies in the face of the headlines and all the grim news still about the virus, about the economy and social unrest, but the market's looking through all this and saying you know what, we will solve these problems one way or the other and hopefully it will be in a way that's obviously, the market views as very positive. stuart: you and i are the same vintage, roughly. i don't think either of us has ever seen a year like 2020 on the market or in the economy, in our culture, in our positivelit

ever. right? >> it's been absolutely extraordinary. we started out with still kind of a reach for yield at the beginning of the year, credit spreads were very narrow. then within a few weeks we were seeing a mad dash for cash in the markets. that led to huge stockpile of cash, cash stash, if you will, and now that's helping to create this rebalancing or mad dash for equities. it's insane. stuart: i'm just glad both of us are still around to cover it. come back soon. see you again soon. thank you. show me costco, please. got their sales numbers from last month, that would be may, up big from may of last year. 7.5% higher. ain't that something? their online sales doubled. the stock is responding, up four bucks, 1.3%. gm, show me that stock, please. ceo mary barra says production here in north america should be back to pre-virus levels by the end of june. no impact on the stock. still well below 30 bucks a

share. here's what's coming. the market opening at 9:30. right now, we are looking at a minor league loss across the board. minor leagues. still to come, labor secretary eugene scalia. the job situation, terrible. can we have a rapid recovery with 42 million of us out of work? we will ask him. congressman steve scalise, he's working to bring back live sports. good for him. he spoke with top commissioners about their return. but where's baseball? is that sport going to commit suicide? he joins me next. but first, new orleans saints quarterback drew brees facing some intense backlash for saying this. roll tape. >> i will never agree with anybody disrespecting the flag of the united states of america or our country. stuart: well, he's roundly condemned for it. even his own teammates speaking out against it. we have the story coming up for you. up and down.

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stuart: as you heard a moment ago, drew brees, quarterback for the saints, took heat for what he had to say about kneeling for the anthem. come in, ash. he's apologized? ashley: he has. let's get to what stirred up this hornet's nest. he was doing an interview with yahoo! finance and he said he basically would never agree to the fact that players take a knee during the national anthem. he says he continues to oppose it and would never support the gesture. take a listen. >> i will never agree with anybody disrespecting the flag of the united states of america or our country. i envision my two grand fathers who fought for this country during world war ii, one in the army and one in the marine corps. both risking their lives to protect our country and to try to make our country and this

world a better place. so every time i stand with my hand over my heart looking at that flag and singing the national anthem, that's what i think about. ashley: well, that resulted in a big backlash from not only his teammates but other athletes around the country. his teammate, wide receiver michael thomas, saying we don't care if you don't agree and whoever else. how about that. even nba star lebron james saying basically you just don't get it. so since then, today we have an apology from drew brees, putting out a long instagram message, basically apologizing to his friends and teammates, new orleans, the black community, the nfl community, and anyone else he hurt. just part of that apology reads i made comments that were insensitive and completely missed the mark on the issues we are facing right now as a country. they lacked awareness and any type of compassion or empathy.

first you had the comments yesterday on people taking a knee. today you have the big apology from drew brees. stu? stuart: got it. by the way, everyone, in the 11:00 hour this morning, terrell davis, nfl guy, hall of famer, i'm going to ask him what he thinks about drew brees' comments on the flag. we will get to that later. now, staying on sports, teams all over the world, as you can see on your screens, they are playing in huge stadiums, no fans. deathly quiet in the stands. empty seats all round. that's the rest of the world. let's bring you up to speed on what's going on here in america. our next guest held a call with the commissioners and presidents of all the major leagues, all the major sports except baseball. they are on your screen right now. congressman steve scalise conducted that call, republican, louisiana. sir, i absolutely guarantee that the one thing those commissioners wanted more than anything else perhaps was liability protection.

am i right? >> well, stuart, that surely came up as well as so many other things, and you know, look, they are most concerned about the health and safety of their players, the athletes as well as the fans they are starting to look at not just opening up to empty stadiums but ultimately to get to a place where you can have fans in the stands safely. all of that was discussed. this is part of a series where i have been having conversations with heads of so many different industries as we work to bring our economy back safely and clearly that's a big protocol. stuart: honestly, sir, i don't think you can bring back the economy to full speed and sports to full speed unless you offer some protection against a plethora of liability lawsuits. >> we tried to get this law in the cares act and you know, you see the opposition to it in some circles up in washington. but we're going to continue working to try to get liability protection. in the meantime, having good safety protocols from everyone down from cdc, even these

leagues have their own health experts they are consulting with major medical centers and other health experts to make sure they are putting good safety protocols in place. it would be great to have liability protection but in the meantime, there are good standards being put out there to at least give yourself some level of protection as you start to reopen our businesses. stuart: where was baseball? i didn't see their commissioner in that list of commissioners that were on the call yesterday. are they going to commit sporting suicide this year? >> well, you know, baseball and the nba are in the middle of finalizing their plans. i think the nba is going to come out with theirs today for kind of a finalized season as you have a play into playoffs kind of situation but then baseball is still working through and they have got to not only come up amongst the owners with the plan but they have to get agreement from the players and the players association. you have heard this when we had the nfl, roger goodell talked about where they are, all the other sports leagues, including the ncaa, the president talked about what they are doing for all of college sports.

so they are working not just amongst the teams and schools but they are also working with the players to make sure they are all on the same page and baseball's in the middle of those discussions right now. stuart: was there any talk about kneeling when the nfl returns to the stadiums? >> no. that didn't come up. it was really a conversation about how to just get sports back. athletes want to get back out on the field and play. fans want to see their teams play, not a game 25 years ago but a game today where ideally you are in the stadium safely cheering for your favorite team because look, sports is unifying for communities in normal times. at times like this, especially in times like this, we need sports to bring us back together again, to give us something to take us away from so many of the other challenges that we are struggling with every day. stuart: let's get on with it. steve scalise, we do appreciate you being with us this morning, sir. always appreciate it. >> great being with you. stuart: yes, sir. thank you. i'm going to show you american airlines stock. look at that, back to $12 a share, up 9% right now. what's going on, lauren? more flights?

lauren: what a week for the airlines. so starting next month, american will fly 55% of their july 2019 schedule. right now, they are flying 25% of that schedule. that moves up to 55% in july because people are flying again. there is demand. very good sign for the reopening. stuart: i'm sorry, i think the audience heard me fanning myself just a moment ago. i was getting rather hot under the collar. i do apologize, ladies and gentlemen, one and all. i apologize. sorry about that. lauren: i missed it. stuart: good. okay. show me the big board. show me the market, the pre-market. look at that. we have come back. we have come back. we will only be down about 50 points on the dow industrials and we have gone way up earlier in the week. it's going to be quite an opening. we will take you there after this. (announcer) carvana's had a lot of firsts.

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bring me up to speed, susan. what have we got? susan: june 4th, the anniversary of tiananmen square, and reports say there are scuffles breaking out once again. police are firing pepper spray at people, protesters commemorating the 31st anniversary of the beijing massacre. these are according to reports, just in a working class district. what you are looking at is peaceful protest, thousands defying the police ban to gather annually in the park, which i what you are looking at, where they hold a candle light vigil to mark the 31st anniversary of tiananmen square. meantime, while they banned gatherings to commemorate tiananmen square, they passed a contentious national anthem law. so it's criminal now to mock the chinese anthem and you could be penalized up to three years in jail. this has a lot of people in the city thinking that free speech and free rights are over as beijing continues to encroach. stuart: tell you what i think. those people on the screen right

now are brave young people, because they know intimidation is just around the corner, retribution is just around the corner. susan: it's interesting, that they remember what happened 31 years ago because that's a very stark reminder as to what can happen. stuart: we described it as a massacre and a massacre it was indeed. susan, thank you very much indeed. that's a live shot there. hong kong. they are protesting again. now, we've got about 50 odd seconds to go before this market opens up. when i say opens up, i mean it opens. we have had a terrific week. i believe the dow is up about 3.5%. i've got some numbers here. if you go back to, let me get you these numbers, if you go back to march 23rd, the dow was at 18,591. 18,591. yesterday, we closed well above 26,200. that is an astonishing gain for the dow industrials, just in the past, what, 50 odd trading sessions. i have never seen a market rally

as fast and as strong as that one was. any second now, that bell starts to ring. that means you've got -- there you go. that means ten seconds to the actual start of trading. we are looking for a narrow down side move for most stocks. here we go. 9:30. we are off and running and the very early going, i can see we are down about 100 points. that's the dow industrials. that's .33%. i only see two winners, three winners on the dow. boeing, coke and walt disney. all right. that's the dow. down .33%. the s&p 500, that is going to be down but how about it? about a half percentage point. the nasdaq composite, that is on the down side to the tune of .33%. down across the board but this is no big selloff. i'm going to go back to boeing. show me that again, please. something called the air transport services group. they say they are going to lease 12 additional boeing 767 cargo planes to amazon.

boeing is back to $180. that's had an extraordinary run this week. charles schwab, td ameritrade, the justice department apparently is going to okay their get-together. both stocks up. this means you're looking at an era now, we have had it for some time, you don't pay anything to trade stocks. no commission payments whatsoever. schwab, td getting back together. both stocks up. news on the reopenings this morning. let's start with universal theme park in orlando. they allowed some pass holders in yesterday ahead of the full opening tomorrow. ashley, tell me about six flags and sea world. ashley: i don't have six flags but i can tell you about gm. stuart: okay. ashley: six flags sounds great. stuart: who's got that? ashley: lauren, thank you. lauren: lauren has it. stuart: all right. go. lauren: let me step in here. universal is opening tomorrow to the general public. so nice and early when you look at compared to disney next

month, temperature checks, face masks. here's the thing. when you are wearing a mask, it gets hot. no water mist on the rides or anything like that. they are having these zones where you can go to take off your face mask. that sounded good to me. you ask when will sea world reopen. the answer is wednesday, june 11th and six flags in texas is opening with 50% capacity on the 22nd of this month. stuart: thank you very much, lauren. shall we go to general motors? i don't think there's much to this story. they are just going to reopen fully by the end of this month. is that it? ashley: well, that is the hope. they are going to focus on their big gm trucks because that's where the demand is. they say there's tremendous demand from the dealers to get these newer vehicles on to the lots and mary barra, the ceo, says looks like by the end of june, we will be in good shape, although it's a slower reopening in mexico, where government restrictions there are tighter right now than they are in the u.s. but it's ramping up quicker than they had hoped for which is the

good news for gm certainly. stuart: okay. $29 a share is the stock price. let's go to the casino stocks, the vegas people. susan, some of them reopened at 12:01 a.m. this morning. i think i got that right. how many people showed up? susan: quite a few, actually. but we have the iconic bellagio found tatains dancing once agai pleasant sight to those who missed going to las vegas. we are looking at wynn, venetian have also reopened. of course, new safety precaution, disinfection, hand sanitizers, masks everywhere, limited numbers of players at tables, temperature checks to get in and touchless cell phone check-in. they are hoping it will lure tourists back. you are looking at some empty slots and empty tables right now. it's not the 21 million that visit vegas each and every year but look, they are building up to it and there has been pent-up demand, some say. you know, before the shutdown vegas was running at almost

record rates, a billion dollars in tax i belieable casino winni month, but right now we are sitting at a fraction, just 1% of the take that we saw about a year ago and unemployment reaching 28% which is the height we saw during the great depression. hopefully once things reopen and those iconic dancing bellagio fountains start attracting people, they are hoping to get back to normal. stuart: i am told the convention business is getting a lot of bookings for later this year and early next year. that's the lifeblood of vegas. that's a real shot in the arm if they can bring them back. steve hill from vegas on the show in the 11:00 hour this morning. let's move to the retailers, please. a lot of them have been looted this week. on your screens, you can see it. lauren, what's the recovery like for these retailers? lauren: you know, right now, the retailers have to walk a very fine line between protecting their stores from damage and recovering from the damage, not

only from the pandemic but also from the stealing of goods and broken windows, et cetera, while also showing respect for what the protests are aiming for, more equality in this country. it's a very fine line and it's difficult for retailers to do. one quick example. what target is doing, they have that lake street store in minneapolis totally damaged. they have to completely rebuild it. they are giving supplies out to the area so if you live in the community, you can get baby diapers, for instance and they are also assessing the damage as they figure out how are we going the rebuild this store. so respect for the protests and you know, many of them have property insurance so in that sense they will be okay but you got to remember, just a few months ago, they were also hit with this pandemic and many of them are just starting to reopen. it adds insult to injury. stuart: do you have news on the gap? lauren: i do. the gap. being sued by simon property group. gap is their biggest tenant, for $66 million. they were closed during the pandemic.

they didn't pay their rent. gap said well, we kind of expected this would happen but tried to negotiate with the tenants. simon property, shares up 2% today. they want money from gap. gap was a huge winner this week, up about 20%. it's giving a little bit of that back today. stuart: thank you very much, lauren. let's go to costco. i think that stock's still up, what, three or four dollars. susan, tell me more. susan: costco, may sales were tremendous, up 7.5% to nearly $13 billion in one single month. then online sales doubling as well. last month, in april, most of that went to e-commerce so they actually had e-commerce up some 86% in april and actual store purchases were down about 1.8%. we also had costco reporting some results that didn't actually meet some of what analysts had figured for the month. still, they are spending $300 million in extra expenses and wages and it seems like

sanitation is also important to them but costco is, i would say, a runaway stay-at-home winner because you want to buy your bulk items. let me ask you this, stu. after this whole covid, coronavirus outbreak, will you ever taste any of the samples anymore at costco? stuart: of course. of course. of course i will. i never have concerns like that. never. i don't. i don't. i eat lunch at costco on a regular basis. i'm not going to give it up. susan: because it's free, is that right? stt thank y stuart: thank you. you are quite correct. let's move on. one of the warorst-hit groups o companies in this virus shutdown has been the theaters. ash, amc, are they going to make it? ashley: well, it's close. they are the biggest in the u.s. they have 1,000 theaters both in this country and in europe. they say if, if this carries on towards the end of the year, they are going to be really struggling. they are planning on reopening in the summer but at what capacity? that is the problem.

they were struggling going into the pandemic anyway. numbers of people going to movie theaters has been declining gradually since 2005. forcing them to make it a more luxurious experience. the problem is, now the hollywood film studios, they have delayed production so as they open the theaters in the summer, the number of new releases are going to be very limited. plus, the studios are getting used to saving it to the big streaming services first, also bad news for the big theaters. stuart: got that right. they are in a tough situation. thank you. thanks to everyone. right now, check those cruise lines again. the cdc has come up with a new color-coded system to help identify ships with recent covid cases. is that going to help the passengers get back? cruise lines down just a fraction this morning. we've got the story for you. antifa exploiting protests cross the country. i've got a guest who says the extremist group has been thriving on campuses, college campuses, for years.

he will tell us all about it. next, labor secretary eugene scalia joins me on the latest jobless claims number and what that means for tomorrow's big jobs report. we'll be right back.

stuart: 1.8 million people filed for unemployment claims in the latest week. that means a total of 42.65 million have joined the unemployment lines in the last 11 weeks. that is a huge number. we bring in labor secretary eugene scalia. mr. secretary, good to see you again, sir. look, isn't this going to be a tough road to recovery? won't this massive number of jobs lost slow us down, this recovery? >> well, you're certainly right, it's been a large number of job losses. the number of people filing for claims has declined steadily over the last few weeks and the

continuing claims number dropped significantly by about 3.3 million over the last couple of weeks. those are some good signs. i have been of the view that many of these jobs will come back quickly because they were still there. it was because of public health measures, we were keeping businesses from opening, workers returning. but they are going back now so we have seen some bad numbers, lot of hardship, but we are now reopening and i think importantly, we are reopening safely, too. stuart: i would suggest that the one group of workers who will be -- it will be most difficult to bring back in real numbers, that's office workers. especially those in the big office buildings in our major cities. would you agree with that? >> well, that's a group of workers a lot of them are able to work remotely. you are certainly seeing that for a lot of the financial institutions and others. so they are able to address that problem that way. you're right, there are issues with elevators that make things a little more complicated.

you were talking earlier about the entertainment industry. those that make a living out of bringing large numbers of people together, they are going to be slower. the airlines will lag a bit because of that. but i think we will see millions of people going back in the weeks ahead. that's already under way. and if the health indications remain good, which i think is extremely encouraging for the job numbers, too. stuart: tomorrow we get the official unemployment rate for the month of may. i'm not asking you to front-run this. i don't know whether you have seen that number or not but it's going to be a huge number. everybody acknowledges that. my question is, do you think we will still have a 10% unemployment rate say by the end of the year, or by the election in november? >> i think that we can get under 10% by the end of the year, stuart. i really do believe that as hard as this has been, for american workers and their families, it was always meant to be temporary. we had an extraordinarily strong

economy. by the way, i think the policies the president set of lower taxes to incentivize growth, avoiding the unnecessary regulatory burdens, is going to be even more important so i think we can move these numbers quickly even though there are going to be some jobs that definitely take longer to come back. tomorrow's report will be a hard report but remember, it will reflect where we were in the middle of may. things have changed a lot since then. stuart: it's backward-looking. okay. let's look forward again. senator rob portman, republican, he's suggesting a $450 per week bonus if you go back to work. what do you think of that? >> well, the idea there is to incentivize people to return to work because of the substantial unemployment benefit that was made available i think importantly, made available under the cares act. we want that unemployment safety net available for people, but

what we want first is work. workers are better off being able to safely return to work than being on unemployment. i think that's what senator portman is focused o. stuart: do you oppose it? do you oppose the bonus? >> i think it's an idea worth considering. we really do want, again, to enable people to get back to work. that's always a first choice over unemployment and as we reopen and as people can safely return, i think it's worth considering how we can further incentivize, make that happen. stuart: mr. secretary, thanks for taking time out to be with us today. i know you're busy but we do appreciate you being here. >> always a pleasure. thank you, stuart. stuart: sure thing. i want to get back to boeing. i think that stock's on a tear this morning. not bad. it's up five bucks, $178. susan, what's going on? why is the stock up again? susan: well, boeing is closing in on $100 billion market cap, something it hasn't reached since late march. that was because boeing hit the depths of closer to 80 bucks a share, remember, during the

covid-19 selloff? now we are back up to $178, rallied some 13% yesterday. the reason, its economic recovery. yesterday, the global airlines trade industry group says there has been a fast recovery when it comes to travel demand. also, hedge fund star dan loeb reported they actually bought into boeing debt and if they are willing to buy into the debt you know there might be a recovery ongoing. stuart: all right. i'm going to show you ebay. because you know, this lockdown has been an absolute paradise for the online shopping people. ebay is up 7% this morning. any more on this, lauren? lauren: yeah. it hit an all-time high just seconds ago. stay-at-home has been great for ebay. they have surprised even themselves with their latest numbers. so the increase, their current quarter outlook, by about 25% and they say every category, electronics, fashion, home, gardening, all saw increases in the second quarter. very good news.

stock up right now 7% but it was up a lot more than that moments ago. stuart: we will take $49 a share for that one. all right, lauren. republicans in arizona starting to feel some heat. a fox poll finds the state shifting towards the blue lane. especially for the u.s. senate race, where democrat mark kelly leads republican martha mcsally. senator mcsally joins me in the next hour. look at zoom. that's a pandemic winner if ever there was one. it's down today but it's a winner overall. i wonder, can they keep that market share when we get back to normal and with intense competition? we will answer that question next. when you say what you're in the mood for,

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stuart: well, looky here. the nasdaq has turned positive, techs are doing okay and it's a minor loss on the dow, a mere 30 points lower. now look at zoom. if ever there was a pandemic winner, that is a pandemic winner. not today, but overall. it's just zoomed up in terms of the stock price. my next guest says it's the best stock of the year. come back in again, beth kindig. we haven't seen you for a very long time. we miss you, beth. >> thank you, stuart. good to see you. stuart: you have been taking care of the children, i believe, is that right? >> that's true. stuart: okay. let's move on.

let's suppose at some point we get back to normal. will zoom keep its market share? what do you think? >> yeah, so we put out a research note in september that this company has the potential to go viral and we didn't know how soon that would happen, but it's because the product has a viral mechanism built in. this means you don't have to download software, you don't have to have an account. you simply click on a url, you are instantly in a video conferencing call, it's high definition. the other products on the market don't have that. when you have a viral mechanism like this, it's easy to share, easy for anyone to join a call, and that's what we saw during the covid-19 shelter in place is people were sharing these links, everyone could easily join these calls and removing that friction is actually very difficult, and it's pretty much like the optimal way to build a product. so zoom has built a product that although it seems like they have competitors, they really don't when it comes to how much friction it takes to join a video call. stuart: that's very interesting.

i did not know about that. so are you going to make the judgment that zoom's product is now and will be better than the competitors, microsoft, google and facebook? >> yes, absolutely. they have a really focused team. they are a pure play and you know, what they designed and developed is very hard to do, and i don't see any competitors knocking zoom out of the lead, especially now. there's a network effect. it's actually a verb now. everybody says i'm going to zoom you. it's good. stuart: when you become a verb, you have arrived. real fast, the stock price now is just above $200 a share. where do you see it going say next year? >> zoom is going to keep growing. the earnings beat we have, we have never seen an earnings beat of this magnitude. revenue guidance is 200%. zoom can keep going. to be totally clear, it would be really hard to put a cap on

zoom. stuart: wow. >> from here easily, the revenue just doubled by the order of forward revenue guidance just doubled, the stock doesn't really have a cap at this point just due to -- s stuart: welcome back, beth kindig. hard to put a cap on zoom stock price. see you again. best to all. gun sales absolutely soaring. we have shown you lines of people lining up outside the stores just to get in. we have a gun store owner who has had to hire more employees to take care of the surge. what you're looking at now, sixth avenue, new york city. mayor bill deblasio wants to make it less deserted. i think he's facing a real uphill struggle. we'll be right back. the first and only full prescription strength non-steroidal anti-inflammatory gel available over-the-counter. new voltaren is powerful arthritis pain relief in a gel. voltaren. the joy of movement. new voltaren is powerful arthritis pain relief in a gel. there are times when our need to connect really matters.

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stuart: where re stand at 10:00 eastern time. not too bad. we're down 19 on the dow. that's nothing. we're down two on. s&p. that's nothing. and the nasdaq turned around for a 11 point gain. we did get the latest read on unemployment this morning. 1.8 million people added to the unemployment roles in last week. that means 4million people unemployed since the middle of the march. on your screen, that rep dents a down trend. now ashley's big moment, thursday morning. mortgage rates. what have you got? ashley: freddy, freddy. came in at 3.18%.

let's not quibble. these are historic lows, stu. freddie and government circles say it will be a solid housing season going into the summer. only fly in the ointment, yes you have low rates and people are buying but the gap between the supply and demand is actually widening again. not enough homes out there, which may speak to a little uncertainty as to people's economic future. they may want to sell. they may want to move on up. maybe buy a bigger home, maybe move. but they're not doing it right now gap between number of homes and people want to buy them is not good. nevertheless rates are incredibly low, i will say that again. 3.18%. thought i would never see that dow pretty much dead flat.

down 3 points. 26,266. now this, no city in america depend on mass transit like new york. getting eight million people to work on buses and subways is tough at anytime. it will be almost impossible now. this is true in cities all across the country and the biggest problem is? it's social distancing you know. how do you run buses and trains in rush hour when all passengers have to stay at least six feet apart? at the very least, it will hold up a full return to work. frankly it is hard to see mass transit bringing all those office workers back. you can't pack them in likes you used to. new york's the classic example. according to the plan, you can be waiting on the sidewalk or on the platform but trains and buses might sail right past you, they won't stop if they are already, quote, full. new york may actually close some subway stations if too many people try to get in. everyone has to wear a mask, all

the time. how is that going to work? this is new york. in the summer. every city has a subway, a light rail system and or bus service. everyone of them will peace the social distancing problem. six feet apart. vastly diminishes the efficiency of mass transit. if you can't get workers in to work fast and on time, the economy's recovery is delayed and cities, yes, they take another hit. i'm not arguing against social distancing. the authorities tell us it helps to stop the spread of the virus. got it. but keeping us apart for many months to come brings huge problems. maybe we'll see the end of rush hour. maybe we go to more shift work to avoid the crush. maybe far more people working from home. that is a probability. either way the cities are taking another hit. now look at this. this is sixth avenue in new york

in february of this year. that's february. look at it. it's packed. look at it now. look at that. it's deserted. i don't see us getting back to the february look anytime soon. new york is the prime example of the urban mass transit distancing problem. i've got news own the virus coming to us in new york. it's from governor cuomo. he is claiming victory over the virus. lauren, come into this. what's he saying? lauren: maybe february levels will return quicker than we think. cuomo has said on day 95 of the coronavirus we had under 50 deaths in new york city. 49. remember when it was 800? hospitalization rates are way down. this is very good news a vast improvement in the numbers and as a result new york city will reopen starting on monday. what does that mean? it means phase one, 400,000 workers whether retail construction manufacturing will get back to work.

and with social distancing the subways, buses, mta will be back on a full service schedule. stuart: i just want to see how many people they can get into a bus or a subway car without overloading it when you're talking of keeping distance. i just wonder how that system is going to work. we shall, as they say in the news business, only time will tell. that's new york. let's move on. let's move on to washington where protests were largely peaceful overnight. the feds, however, they are investigating whether antifa-linked agitators are instigating these riots. hillary vaughn has been tracking it all. what do you have, hillary. reporter: specifically on antifa, department of justice officials tell our network they are looking into whether professionals have essentially hijacked the protests and are responsible for a lot of looting and violence we've seen. they spotted antifa

self-identifying themselves in several locations around the country. i want to point out what is different in washington, d.c you remember yesterday morning, an obvious show of force from the military. a national guard, essentially a human barrier between protesters and the white house. today they're essentially nowhere to be seen. we've seen a lot of secret service and police but no military or camouflage. no national guard. we're seeing a new fence along the white house perimeter. look at that activity ongoing. we're also learning about how many officers have been injured in washington, d.c. in the past three days there have been 50 park police and 30 secret service have been injured from these protests. a lot of them, some of them have had to be hospitalized. but the department of justice is looking into one key thing here that is causing injuries to these officers. bulk drop-offs of supplies like bricks, rocks, bottles, being thrown at officers around the country but also here in

washington, d.c. they're looking who is making the drop-offs. we're moving, stuart, on from, the protests themselves at this time, today have relatively died down compared to the past few days. now moving on to what was the cause of a lot of this violence. who was responsible and how did they get the supplies to injure the officers that had been hurt around the country. stuart? stuart: indeed, hillary, thank you very much indeed. good report. we'll look into colleges as potential breeding grounds for antifa. that comes up later this hour. good story. stay on riots, disturbs, call them what you like. in new york city, looters cost businesses tens of millions of dollars according to estimates from the manhattan institute, gary kaltbaum, is with us, market watcher. this is the case, it is small businesses really getting hurt big time in these disturbances. >> well, just one-two punch with the pandemic and now this. and you know, across the

country, they're starting, 99% of all business so hopefully, you just keep your fingers crossed, this thing gets tamped down. protesting, fine. rioting, not so fine. there was a story out this morning after dentist in minneapolis that all he does work for needy and poor and downtrodden. they destroyed his offices. it will take him weeks to get back up. stuart: i started out the show this morning, i have the feeling that the market just wants to go up. i've had the feeling for some time now. you're smiling. why are you smiling? >> whenever i say that the market heads down. look, all i can tell you is this. i'm always in big believer in the trend. the trend is definitely up. you know only thing i can say right now we're probably overbought, a little stretched and may pull back but the market's strong. the most important thing i've been talking about for two to three weeks now is the 85% of the market that wasn't participating, the economically

sensitive areas, are now participating in a big way and that indicating the opening up of the economy, across the u.s. and actually across the globe. that's good news. stuart: you don't see anything, any dark cloud on the horizon which would send us back all the way down to 18,000 on the dow? is that on your radar? >> not at all. horizon is long time though. i always worry about the debt, deficits, whatever the central bank is doing going forward. right now, that is what i deal with, the market is strong. financials are starting to get a pretty darn good bid. when you have technology and financials together, working in unison, it is very tough to take the market down. yeah, pullbacks, definitely needed. but i think we're in good stead right now. stuart: gary kaltbaum, as always, thank you, we will see you again real soon. >> thanks, stuart. stuart: check the overall market. we have a mixed bag but it is not that bad. that is nothing for the dow.

up 11. not a huge gain for the nasdaq but it's a gain and the s&p is down one point. pretty flat. mostly slightly lower. apple getting close to a new all-time high. 324. i think the all time high is about 330. 327. thank you, producer. at 327. that is close. 324. how about this one? new polls from fox news show president trump trailing joe biden in three key states, wisconsin, he is behind joe biden by nine points on your screen, 49-40. in ohio, it is closer but joe biden still leads 45-43. look at arizona. biden is ahead by 4 points. that is 46-42. among registered voters. kelly sadler, former special assistant to president trump joins us now. kelly, there is no point in

saying oh, we don't follow polls until election day. there is no point in saying that. you have to address joe biden's lead. what's going on? >> okay, stuart, let me address three points. first, this poll is snapshot in time. we're in the midst of rioting, coronavirus pandemic. we expect issues to change dramatically come november on what is on top of voters minds. stuart: okay. >> secondly these fox news polls are registered voters like you just said. we find polls that pole likely voters much more reliable because the president has the enthusiasm behind him. the people that come out for the president will come out and vote for him. joe biden has an enthusiasm gap. a democratic poll came out conducted at the same time -- which had joe biden and president trump as statistical tie in most of them but in pennsylvania he was up four points why? because they polled likely voters. stuart: okay. >> lastly, lastly, in the fox news polls what we saw is encouraging was the majority of

folks polled feel safer opening up at the right pace but they're not opening up quick enough. that gives the advantage to president trump when it comes to the economy. stuart: can i jump in for a second because i have a very limited time. i have to jump, very limited time. do you think president trump's handling of the virus and the urban unrest is in any way responsible for the downside move in his polling? >> today right now, yes, but this poll was taken before he labeled antifa a terrorist organization, before he put out the national guard and instituted doj in washington, d.c. and brought calm to the nation. we don't know what will happen november. if we're talk about the economy. stuart: which we will be talking about, president trumps that has advantage we have ads in michigan, wisconsin, pennsylvania, focuses on the joe biden's abysmal economic record. if it comes down to this we're going to win the election in

november. stuart: kelly sadler, look, thank you very much indeed for jumping in. this i know was the last minute to deal with the polls. thank you very much. kelly sadler, thank you. >> thank you, stuart. stuart: we have jobless number, 1.8 million new claims for unemployment. we get the report on jobs tomorrow. that will be paul about the unemployment rate. that is a big number. illinois becoming the first state to tap into a federal emergency loan to the tune of $1.2 billion. that loan is intended for virus relief but where is the money really going and what will it mean for taxpayers? good questions. gun stocks up more than 40% this year, spiking amid concerns over the man dem mick and now the -- pandemic. now the riots. look at these lines outside of gun and ammo stores. we'll hear from one gun seller. their sales are absolutely surging, up as much as 300%. their story is next.

>> why are you looking for a gun right now? >> this is while i'm driving i need me a gun on the side of me for my protection. because the city is right now, it is in a uproar. >> i'm not comfortable. it's scary. and i have too many family members that i worry about. some companies still have hr stuck between employees and their data.

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>> i briefly looked buying one when the covid-19 pandemic broke out. gun shops, everyone you called, they are sold out or huge waiting list. stuart: he was one of many across the country trying to buy a gun. he was at a bricks and mortar store. pete is with us, brownel company

chairman. he sells firearms primarily online. very good to have you on today. when did you see this surge in orders, the surge in demand actually begin? >> stuart, it is good to be here, thank you. we saw the specific jump in sales and demand really start around early part of march. march 13th to be specific. that is when customers really started to search out and find kind of products that we sell. stuart: you're a private company. you don't have to tell me your sales numbers but can you give me percentages how much you're up. >> there are days started early march we were 300% up year-over-year and good 200% up from the previous month so we saw a significant jump. it tailed down a little bit to be roughly 10, 15% above what we thought the norm would be. stuart: do you have a supply shortage? we talked to a number of bricks and mortar gun shops owners,

some guns, they can't get in keep them supplied. do you have that problem? >> yeah, we do. we have a supply issue across the whole board. all the demand stuff happening, all products seeing a surge right now. it is not just firearms, all products are in high demand right now we would be pushing through our channel to provide to customers. stuart: i imagine the biggest demand is for handguns. is that accurate? >> stuart, you're related. the biggest demand will be for certain protection handguns. pistols for personal security, things really provide that level of confidence and safety people need to have in today's society. stuart: you ever seen a surge like this? you're talking about what, 300% increases in some parts of the surge. have you ever seen that before? >> we've seen scourges before but nothing to to this magnitude. we had surges where individual event happened unfortunate in society but when you have two events and future, may have other events that drive

uncertainty, definitely is driving demand we've never seen before. stuart: i know that you operate in 50 states. what are the restrictions? because i live pretty close to new york city. they wouldn't let you have a gun for anything but what restrictions are there in selling guns in different states? >> oh, it is a patchwork of laws around but the core law, even this idea that you can sell a firearm online is a bit of a misnomer because that firearm has to go to a brick-and-mortar store. so your last guest, if we sell something in his area, it has to go to him so that face-to-face transaction happens. there is still a background check. there is still a face-to-face, person-to-person transaction that happens when you're selling a firearm online. we may make a sale from big inventory, but it has to go to a brick-and-mortar store, pass through the person's hands and possession beforehanded off to a consumer. stuart: last one. am i right in saying any gun

sold has to have, i don't know how to quite to word this, there has to be a copy of the bullet and what the bullet will look like so that anytime that gun is used, for example in a criminal event, it can be traced to that gun? is that accurate? >> that's not accurate, stuart. there is laws that are looking putting a fingerprint on firearm bullets but right now, when you are selling ammunition or selling a firearm certain states have requirements that don't go that far but they go to try to find to make sure that firearms are going to the right people and the vast, vast majority of firearm owners are across all spectrums of society and are good, law-abiding citizens and the need for that kind of safety measure or advancement in laws just hasn't seen, it make it into many states or many of the books yet. stuart: pete, thank you very

much for being on the show. valuable information, we appreciate it. >> yes, sir. stuart: thank you very much. let's move on to walmart. they are by the way removing gun displays from their, call it the showroom floor. i guess that is the retail floor. susan, why are they doing that? susan: guns and ammo off the sales floor. they're doing this out of abundance of caution according to the company. this is after stores have been looting, including walmart. there has been one instance reported that a store in georgia had 42 guns stolen in protests on saturday. now remember that walmart only sells gun and ammo in half the stores they operate across the u.s. total of 4700 stores, half of that sells guns and ammo. they changed their guns policy over the last few years. for instance, no open carry starting in september. they stopped selling assault rifles in 2015. they won't sell guns to anyone under age of 21 starting in 2018. they're being very cautious right now and there is a heavy

police presence in one of their stores in iowa to make sure ammunition and guns are safe. stuart: understandable, entirely. susan, thank you very much. what's this? revolt at "the new york times"? yeah. some staffers in revolt because the "times" published an op-ed from republican senator tom cotton. he is in arkansas. ashley, first of all, what's the op-ed all about and what's this revolt all about? ashley: well, let me give you the title of the op-ed. it was send in the troops. the arkansas republican, tom cotton saying look, he is calling for an overwhelming show of force to disperse, detain and ultimately deter law i can -- lawbreakers to stop what he a calls orgy of violence. "new york times" running op-ed, people at work, dozens of staffers sending out tweets late last night very upset. basically saying this, running this puts black at

"new york times," writers, editors, other staff in danger. that is the basic message. one staffer saying that she is so deeply ashamed that we would run this, and newspaper union, that represents those workers say it is just pouring gasoline on the fire. so the people at "new york times" are in revolt. stuart: look, i don't necessarily agree or disagree with senator cotton but i absolutely disagree about the inability to debate the subject in our country. come on, what is going on here? free speech or no. thank you, ashley. return of major league baseball hit another snag. will we ever see the players get back on the field or is this sport, i think use the word, professional suicide? is that what they're doing here? disney, however, they're giving help to a different sports league, basketball, giving hope to it for this season. we have a good story for you. disney's moving their theme parks towards reopening can

disany's magic kingdom for example, keep the magic with temperature checks, social distance, all the rest of it? i will ask a former imagineeer. he is on the show next.

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stuart: we turned around on the dow. we turned around everywhere. i'm seeing a lot of green on the screen. how about boeing? that is the leader of the dow 30. big winner again today. it is up 11 bucks at 184. that's boeing for you. ebay, sharp rise in online shopping and that stock is up 6% now. it had reached an all-time high just a few moments ago, above 50 bucks a share. this morning, we got numbers on jobless claims, 1.8 million. tomorrow we get the big number, that is the unemployment rate for the month of may. it will be horrendous. labor secretary scalia be optimistic, this is what he told me last hour. roll tape. >> stuart, many of these jobs will come back quickly because they were still there. it was because of public health measures we were keeping businesses from opening, workers returning but they're going back now. so we've seen some bad numbers, a lot of hardship but we're now

reopening and i think importantly we're reopening safely too. stuart: and by the way he did say there would be an under 10% rate at least by the end of this year. got it. we do not have much optimism when it comes to return of baseball, far from it. the talks have stalled again? ashley: yeah, they certainly have. major league baseball offered the players an 82-game regular season with a pay cut that would bring the average salary for the person making the minimum at around 47%. they would get 47% of what they normally would get. baseball players say no, not good enough. they have come back with 114 game regular schedule that would have opening day of june 30th, and would run through october 31st. that is the regular season. you would see the playoffs going beyond november, something major league baseball has no interest in actually doing. so here we are. it comes down to the number of

games and ultimately down to the amount of money. players say they have already taken a pay cut. the union says they will refuse to receive anything less than 70% of their salary. we're not even close with that to what baseball has offered them. so we are stalled unfortunately. stuart: just get on with it or the sport dies. we do i think have good news on basketball. what's that? ashley: we do, they are getting on with it. we expect the nba board of governors later today to approve a plan that would have a 22-team format, restart the season in orlando at the disney world resort. top 16 teams in the eastern and western conference, joined by teams currently within six games of 8th place. as you can see some guidelines been discussed today. players and coaches can eat at outdoor restaurants. they are allowed to golf. they have golf courses at disney world. daily virus testing.

no guests until the playoffs. that means a number of teams will see their season completely come to an end. that would include the new york knicks who have been woeful. that means teams don't get invited to restarting will probably have a game for nine months. that raises questions what about the economic viability and what about salaries of those people associated with those organizations? so it is complicated. however the season they hope could begin by the end of july, in orlando. stuart: in orlando. got it. ash, thanks. we're speaking of disney here, reopening theme parks with social distancing and all kinds of restrictions. i want to bring in bill cohen, a former disney imagineer. bill, have i got this right a imagineer, what do you say? okay. we had him, i could see him but we can't hear him. now there you go. there is a problem in television

all right to see somebody, but if you can't hear him it isn't much good. we're trying to restore the audio connection. dow turned around really nicely. we were down much the session but not much. we're climbing. say that again? oak, got it. the dow is up 1/3 of 1%. that is 85 points, 26,351. how about delta air lines? extending social distancing. what do you say? that's a new high? what? all right. okay. a lot of people in my ear. i hear voices. delta sup 10%, 3 bucks, $31 a share. lauren what is this about extending social distancing? lauren: the whole point is to make people feel confident when they're flying. so delta will extend their social distancing policies until the end of september, september 30th. how do you do that? you continue to block the middle

seat. you cap capacity on the plane. for delta it is at 60%. that a little less than the rest of the industry. the reason why, we heard from the ceo on this, they think if they fly more planes with less people, people do feel more confident. that's what they're doing. also as demand has returned, we heard this from american. now we're hearing it from delta, doubling number of flights in july from may. so demand is coming back. you got to get people feeling comfortable to go on a plane again. stuart: i guess you do. lauren, thank you very much indeed. guess what? we have restored the audio connection with bill cohen, former disney imagineer. can you hear me bill? you got me? >> good morning, stuart. nice to hear from you. stuart: we hear from you too. that's excellent. you know all about the magic kingdom. can you keep the magic if you're wearing a facemask, you got to have your temperature checked, you got to keep your distance? has the magic gone, do you think? >> yeah, you know, stuart, this,

i think this is a short-term challenge. disney guys are pros. they are going to work through this initial restart and all those issues will slowly but surely become less important as they, as they overwhelm those things with their kind of standard entertainment features. i'm confident in the short term they have some startup challenges but overall the entertainment will come back. stuart: i imagine as a imagineer, you're one of those guys who creates the ride of the future and makes things more modern. can you take me to the future and tell me what kind, what is the ride of the future? >> yes. so, great question, stuart and i think that's where these kind of health events begin to challenge designers like us to look at those rides into the future. i don't know that they will specifically change the way we do rides.

we might pay attention to queues areas out front, staging area, but on-board attractions will be pretty overwhelming because the technology and our ability to create environments is getting far more sophisticated all the time and our goal is always to take people away from reality and kind of suspend disbelief. so i think attractions of future will continue on the path of high technology and really emersive environments and safety things will fall to the background, real fast, bill, are you familiar with the pandora ride at does anywhere the banshee, you're wearing 3 d glasses? shoe sure. stuart: will rides look more like that, new reality for riders? >> augmented reality and virtual technologies is going to continue to play a larger and

larger role in this because there is a lot of reasons for that, not the least of which is a lot of these are media driven, software content driven attractions. those will continue to get more sophisticated as time goes forward. the pig players, universal studios and walt disney are out in front of leading edge of these things. there will be a lot of innovation moving forward. we'll look into the rear view mirror with some issues these days. stuart: with six kids, nine grandchildren, i look forward to the ride of the future, bill coan, i want you to design it? >> appreciate it, stuart. we look forward to inviting to wonderful attraction on our drawing boards today. stuart: i will be there. bill, always a pleasure. >> good to speak with you. stuart: yes, sir. sin city, as in vegas, well some of the casinos reopened. 78 days closed some have reopened. are the gamblers showing up in any force? we have a report on that for

you. arizona, historically red state, is it turning a little bluish? new fox poll has some republicans worried. senator martha mcsally trailing her democrat challenger and senator mcsally joins me next.

stuart! gain for the dow industrials up 60 but we'll take it. up a quarter percent for the nasdaq. it is up 19 points. i see a lot of green over there. now then we have the illinois, that has become the first state to take a federal loan, getting $1.2 billion, apparently to cover the budget shortfall for the virus. grady trimble is in chicago, tell me more about this 1.2 billion, grady. reporter: coming from the federal reserve. this is the first state to tap into this emergency fund, hoping to as you said, plug that financing gap caused you could

say in part by the pandemic. show you a full screen graphic that you have. the reason illinois decided to tap into the fed money because the interest rate is better than would have gotten from investors at 2.38%. that is not all that good as far as municipal bonds go and interest rates. illinois has history of poorly managing itses. $130 billion in unfunded pension liabilities. it hasn't been able to collect taxes that compounded things. they need a graduated income tax, taxes wealthy even more, we need that more more than ever to make up for the budget shortfall. a lot of people would disagree with that, stu. stuart: what about all the people who are leaving the state of illinois and the city of chicago in particular, because they're leaving in droves. if you put taxes up even more, they're going to leave even more. that is the way it is i think.

gradedy, good report. thank you very much, sir. we'll see you soon. now here is a question for you, is arizona turning blue? the latest fox poll has former vice president joe biden beating the president, as in president trump by four points. that's in arizona. the same poll shows former astronaut mark kelly, democrat, beating republican senator martha mcsally by 13 points. that is a big lead for the democrat. guess what? senator martha mcsally, the republican is with us now. >> thank you, stu. stuart: senator, that is a big lead your opponent has. now sometimes our guests have said, well we don't care about the polls now, the only poll that counts is november but you can't really say that. that is a big lead for mr. kelly. what's your approach? >> well, stuart, arizona is not turning blue to answer your question. my people tell me that poll is totally jacked up. look at turn-out model, double-digit more democrats that came out in 2018.

anyway it is a stupid poll, stuart. i'm focused on making sure we get the economy going again. we hold china accountable. as things come into focus. people in arizona are struggling with the coronavirus. they're struggling for their own safety and security. unemployment, but as things come into focus, they will be asking who do i trust to get the economy going again? who do i trust to hold china accountable and that will be president trump and me. stuart: do you think president trump is doing anything wrong? do you think president trump is doing anything wrong? that is a very negative poll for the president. is he doing something wrong with the virus other with the urban unrest? >> stuart the poll is stupid. they had him double digits behind four years ago. stuart: stupid? >> nobody is perfect, okay? we are all doing the best we can. and the questions that will be for us in november is who do you trust to get the economy going? who do you trust to take on china? and in my race, my mean my opponent is doing business with multiple chinese companies. he in bed with them.

while i'm actually fighting to kick their ass and they have actually weighed if, china is now threatening me and threatening to meddle in our election. that tells you a lot. as things come into focus arizona will be a battleground state for the president, for the senate majority. and we didn't, need to make sure chuck schumer, joe biden, nancy pelosi and all their allies, aoc panned others are not in charge with their left-wing agenda. stuart: we're a family kind of show, senator. tone it down a fraction if you can. >> sorry. i'm a fighter pilot. stuart: that is what, i want to talk to you about that, former defense secretary jim mattis made a stunning rebuke of the president, describing him as a threat to the constitution and first and only president trying to divide us. he is the military guy. he was. you're a military person. your reaction to mr. mattis? >> i respect general mattis and his service to our country in the military as a secretary of defense. he certainly has the right to his opinion. i have the right to mine as do

arizonans and other americans. look, if you turn on the tv you see what is happening in the streets across america over these last days where you see violence and looting, you see african-american business owners pleading to not have their business destroyed. you see retired african-american police officer killed trying to protect looting. in my neighborhood we had people going around saying antifa was coming to burn down my neighborhood in arizona that happened in multiple neighborhoods. our governor did a good job. we had some destruction. when they put the curfew in they were able to quell unrest. what will we do to quell safety and security of americans at this moment in time? the violence is unacceptable. stuart: do you think we should send in the military? >> we already have the national guard. i was out running on the mall and thanking our national guard for defending the world war ii monument and lincoln memorial. they're there in arizona as well. some mayors are really failing

on the job. they need to get the guard involved and support with all elements in order to restore order so we can honor george floyd's memory and we stand up against this senseless, callous murder of george floyd and others. this violence not the answer. stuart: okay, senator martha mcsally, thanks very much for being with us, senator. see you soon. >> thanks a lot. stuart: sure thing. how about this one new orleans quarterback, saints quarterback, drew brees under fire and he is now apologizing for comments he made about athletes who take the knee for the national anthem. we have nfl hall-of-famer terrell davis, with us, what does he make of brees's comments? that is coming up in the next hour. antifa exploiting protests across the country. we have someone who shays this group, antifa has been thriving on college campuses for years. our guest is cabot phillips and he's next.

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stuart: that is solid market rally. not that solid. up 77, 80 points for the dow industrials. a lot of green there though. next case, federal investigators looking into antifa, have they been fueling violence around the country?

yeah, can you see this, yes? bring in cabot phillips. he is editor-in-chief of campus reform. cabot, how come antifa has been thriving on college campuses for years when conservatives are not even allowed to speak? >> because so often they're never held accountable when they do commit violent act the. stuart, we've been trying to blow the whistle leadership of campus reform danger of antifa posing on campus. thankfully your program has been covering it but too many people are ignore rant of fact the. this is not spontaneous. it has been growing on college campuses. i have seen it first-hand. i had reporters crying covering antifa protests. they are chased to their cars with led pipes and brass knuckles. i've been at protests myself. seen old men sucker-punched for crossing the street through antifa rally. they are violent people.

they are coy wards. they don't care about fighting fascism but care about fighting anyone they like. they have free rein on college campuses and they're recruiting people. stuart: do we know who they are? do we have names here. >> that is one of the the problems they're loosely affiliated organization on each campus they're not publishing membership roll on the website. they are going on campus recruiting. we covered this at campus reform, call it the radical rush. rushing a sorority or fraternity but getting people to join the club. they down play the violence at first. we will need to commit violence and intimidation to get our message across. for average american they wouldn't be receptive to that. when you're own a college campus so hyper liberal you will be more receptive. when you're in the class, professor teaching you anti-conservative, pant at this capitalism, anti-cop rhetoric you leave the class you want to take action. when you have people offering you to do so it is easy to get caught up in it. the other element people want to

prove their social justice abilities to those around them. they want to climb up the social hierarchy, one way to do it is prove how bitted they are to fighting fascism and race i am when in reality they're fighting with people they disagree with. stuart: thank you for bring being this attention no us, cabot. you've been fight it foreyears. i hope we see some attention. cab bit foil lips. good man. >> thank you. stuart, how about this one, piles of bricks appearing at protest sites around the country. look at that. look at that. that is absolute proof these looters are weaponizing protests in the most violent fashion possible. we have to the the evidence for you. washington, beefing up security at the white house. we'll take you there, see what is going on with that. and, we got a stock market rally, a good one, and we will try to explain it after this.

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stuart: yes, it is 11:00 here in new york city. 7:00 in california. the markets have turned green. look at that. the dow is up 114, s&p is up not too much, and the nasdaq, not too much, but it is in the green. first thing this morning, 1.8 million people filed for unemployment claims last week. we got that at 8:30 eastern. that brings the total number of people going on the jobless rolls to 42.65 million in the last 11 weeks. earlier this morning, on this program, labor secretary eugene

scalia told us he predicts a big recovery in the near future. roll tape. >> i think we can get under 10% by the end of the year. i really do believe that as hard as this has been, for american workers and their families, it was always meant to be temporary. we had an extraordinarily strong economy. by the way, i think the policies the president set of lower taxes to incentivize growth, avoiding the unnecessary regulatory burdens, is going to be even more important. stuart: you know, we get the big jobs report tomorrow at 8:30. it's likely to show a huge double digit unemployment rate and as scalia said, it's likely to come below 10% by the end of the year. on your screens, states easing restrictions or further easing restrictions today. michigan, retail may open, capacity limits. new york, outdoor dining in some regions. nevada, casinos, some of them

may, well, they may reopen with distancing in places and some of them have indeed opened with distancing in places. first thing this morning. all right, everyone. now this. ten weeks ago, march 23rd, the dow closed all the way down at 18,591. today, the dow is trading at 26,360. that is a spectacular rally. the biggest gain ever in such a short time frame. what explains this? well, try tina, t-i-n-a. there is no alternative to stocks. true. bonds pay virtually nothing. a bank cd pays even less. the safety of a treasury comes at a price, the lowest interest rate payout ever. gold coins, no interest paid at all. oil, who invests in oil futures contracts? very few people. here's something you may not know.

there are fewer publicly traded companies to invest in. in the 1990s, there were about 8,000 companies listed on america's exchanges. today, it's about 4,000. that is a whopping 50% cut. more than that, there are fewer shares available. buy-backs have taken roughly 20% of shares off the market. bear with me here. we have cut the supply of shares but at the same time, we have vastly increased the demand for them. the markets are awash in cash. trillions from the federal reserve, hundreds of billions from 401(k) regular contributions. economics 101, cut the supply, increase the demand, the price goes up. that is the backdrop to the stock market rally. don't forget psychology. we have entered the return to work phase of the virus recovery. there are clear signs the economy is on the move again. that fires up the animal spirits. virus depression is giving way

to the excitement of recovery, and we are buying stocks. tina, t-i-n-a. the short supply of public companies and stocks. trillions in stimulus and the urge to invest at a profit, all combining to give us the most explosive rally ever. next question. where are we headed? i don't know. so let's ask charles payne, my good buddy. he's smiling. where are we headed, charles? go. >> i think we continue to head up. but i want to disagree a little bit with your thesis because i think it's too frivolous because everything you named was had place on march 20th, 21st, 22nd, 23rd. that's not what's driving the market. first, it was oversold. every day on my show, late march, early april, stuart, i was the only person i know on financial television telling investors don't take a loss, we do not have to test the bottom. and there's a couple things going on. first of all, the fundamentals. we were oversold.

but just because stocks may be more attractive, right now coming into today's session on the s&p, only 159 are up for the year. they are up an average of 13%. 350 stocks are down an average of 20%. so you still are losing more money if you just frivolously buy the market. we have had the right leadership. now we are transitioning to more cyclical names that have led into an economic rebound and don't forget, $4 trillion on the sidelines. that money is coming back from investors. institutions still haven't put it in which i love because eventually they will have to see the light. stuart: okay. we will walk away from your disagreement, your comment about frivolity. we will walk away from all of that. we are still good friends after all of this. >> honestly, it's not that easy and the fact is ten weeks later, it's easy to say but in the throes of it, i'm telling you, i was the only people telling people to buy stocks. i made people an absolute fortune but i want to make it clear, it's not the market.

you have to be in the right stocks right now or you will still be down. there are people watching this show who are still getting hammered in their portfolio. stuart: are you looking at one right now, charles. looking at one. i bought boeing. foolish me. but let's move on. >> it broke out today. stuart: but nowhere near where i bought it at. i'm still way under water. let me get back to this. you still think we are going higher from here, period, right? >> i do. i do, stuart. i think, you know, my theory on this thing, i have been talking about it a lot, even when the headlines were the market's up because of hopes for a vaccine, i never believed that. i have always believed the market has seen a point where america and the world eventually learn how to co-exist with covid-19 until a vaccine which could be two years from now. and co-existing, we will also as americans learn how to prosper. we are going to adapt and amend ourselves but we are going to

get back out there, you know. we don't want to be locked up anymore for a variety of reasons, whether it's mental health, financial or just the fact we simply want to be outside and we want to pull ourselves up by the bootstraps. so i'm encouraged by that more than anything else. again, the point you made was fantastic. we are seeing the rotation right now out of bonds. where does that bond money go now? if that ten-year yield goes over 1%, i guarantee you the dow will be up an extra thousand points from where it is right now. stuart: would you have any comment on minority-owned businesses during these urban disturbances? i ask the question because it seems to me the minority-owned businesses have been hit with i guess a triple whammy. first of all, it's the lockdown. then it's the rioting. then it's being hit, you know, by other minorities that take you out. that's a dreadful situation, charles. >> it's beyond heartbreaking, stuart. i remember when they had the riots after rodney king. eric davis was the great baseball player and he had a

store in south-central. he went down there and said listen, this is my store so they gave him a break. it's just, it's beyond heartbreaking. i almost have no words for it except i pray and i hope that every single one of these entrepreneurs no matter what color they are, but these small business owners like the firemen we saw that saved his life savings and opened up a bar, to open a bar, find a way to get back out there. i'm glad there are go fund me pages out there. maybe something can be done. they amended the ppp program last night. maybe they can help small businesses on main street that have been looted. unfortunately, the city didn't protect them and their communities didn't protect them because it felt like a free-for-all. real quick, stuart, i was in the blackout of 1977 in new york city which was known for all the looting. my neighborhood was the hardest hit neighborhood in all of manhattan for looting. my mother would not let me go outside to loot. i begged her. listen, i was 15 years old. i didn't know or care who owned

those stores. i saw a boom box i wish i had for the last five years, ultimately i saw someone run up the street with it. so there was no one to tell the younger folks don't do this, you are hurting someone who looks just like you and i, don't do this, we won't have a place to buy groceries. it's unfortunate, it's a shame, it's something that's got to be addressed as we address all the other ills in this country. i think it's a wonderful time now for introspection and honesty. we can all get better. stuart: i'm with you. i want to hear more from you on this. i think we can do that at 2:00 eastern on this network, "making money with charles payne." i will ignore the frivolity comment. believe me, you're all right. >> you know what, my vocabulary isn't as deep as yours so i just reached for the first word. i'm sure there's a better one out there. stuart: look for it. no, that's all right. charles, thanks very much. see you again soon.

calm down, stu. serious stuff. protests in hong kong today, after the anniversary of the massacre at tiananmen square. the latest, susan? susan: so as we have these protests sweeping across the u.s., we had pepper spray sprayed again and fired today at protesters in the working class district after they were holding a vigil for the 31st anniversary of tiananmen square on june 4th, 1989. for the very first time in hong kong, police actually banned the candlelight peaceful vigil they hold each and every year since 1989 to commemorate those that lost their lives, and beijing back in 1989, but despite that, they are canceling the vigil but then passing this national anthem law which criminalizes anybody that misuses or mocks the chinese national anthem. again, it's another sign for those that live in hong kong that this is a loss of freedom, free speech, might be over. stuart: i will say something we

said in the last couple of hours. that is, those young people, all those people in hong kong demonstrating, are brave, brave people. they face serious intimidation. thank you. the senate banking committee meeting over the president's threat to stop chinese airlines from flying here. edward lawrence has been watching this. edward, i'm pretty sure the republicans are very much in favor of what the president is doing. but have we heard from the democrats this morning? reporter: you know, stu, this is the one issue that there is bipartisan support on. in fact, last week the house speaker nancy pelosi came out very strong when talking about china's actions in hong kong and then the other things that the chinese are starting to do here. so this is the one issue we are seeing bipartisan support on, especially when it comes to hong kong with human rights abuses and whatnot. the senate banking committee is going to be talking about the response the u.s. has to the hong kong, to what's happening with the national security law.

in fact, the administration, as you know, moving away from that special trade status that hong kong enjoyed, going back against that, but the foreign secretary -- financial secretary of hong kong today came out and said that that would actually hurt the u.s. more than it hurts china and hong kong, because hong kong is the seventh largest importer of u.s. agriculture and that's without tariffs right now. inside the city, we are seeing two of the biggest banks now, hsbc and standard chartered signing letters supporting the national law. standard chartered in a response says or in a statement saying that it, in fact, will help long-term economic stability but these are companies and businesses that have to work in that tighter grip of hong kong as china sort of imposes in on hong kong at the moment. china is still trying to figure out what the implementation of this law looks like. it has not been implemented. they are getting everybody up to speed about how they are going to implement it, what to do, including the officials in hong kong. so they are looking, we are

hearing, about two to four weeks before it actually goes into effect. stu? stuart: got it. edward, thank you very much indeed. i want to do one particular stock, i want to check on it real fast. that would be ebay. that stock has soared this morning. they have added around six million buyers in the last two months. that's while you're stuck at home, of course. you might as well shop on, bay. the stock is up 6% this morning. earlier it was at a brand new high, just above $50 a share. delta airlines are going to extend their social distancing policies on planes into the fall. evidently the market likes it. it's up 11%, $31 on delta. new orleans saints quarterback drew brees apologizes for this statement about athletes who kneel for the national anthem. roll that tape. >> i will never agree with anybody disrespecting the flag of the united states of america or our country.

stuart: coming up, we ask nfl hall of famer terrell davis what he makes of brees' controversial comments. unrest across the nation but the market just keeps going up. still ahead, we speak to an economist who says the health care and technology sectors are driving this market. gamblers lined up overnight to get into the casinos reopening after 78 days of silence. things are not back to normal by any means. we will tell you about the new safety standards in sin city, next. okay... okay! safe drivers save 40%!!! guys! guys! check it out. safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! he's here. he's right here. - hi! - hi. hey! - that's totally him. - it's him! that's totally the guy. safe drivers do save 40%.

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tell me more. susan: people are ready to go back to las vegas. they attract 50 million tourists each and every year. dice are being rolled once again, cards are being cut, jackpots are jingling and the bellagio fountain is running once again. so yes, as you mentioned, there's a lot of safety precautions and that includes as you saw there, disinfectants just in case, you have masks everywhere, hand sanitizer, limited number of players at the tables, temperature checks to get in, and even touchless cell phone check-in. that means you have to wear gloves as well. so are people going back? there's a lot of promotions taking place to hopefully get some of the millions back into the vegas strip and that includes $45 a night hotel rooms. you have one couple from pittsburgh saying they got the airfare and hotel room for seven nights for 800 bucks. and waiving some of the resort fees. but it's not just the bellagio. you have wynn, palacio,

venetian. let's see if people are willing to go back. stuart: we saw the line of people trying to get in. the video we showed, i don't see any gamblers, just a lot of empty gaming tables. susan: for now. stuart: for now, okay. steve hill is with us, a welcome guest indeed. he's the las vegas, let's get the correct title, las vegas convention visitors authority ceo. welcome back. good to see you. >> good morning, stuart. thanks for having me. stuart: i know las vegas really well. i must have been there 50 or 60 times in the past 10, 15, 20 years. the convention business, that's the key to las vegas. tell me, are the conventions coming back? >> well, they will be back. they are not coming back right now. we hope to start that sometime around labor day. interestingly, we have the largest slate of shows over the next 12 months that we've ever had.

stuart: i believe the ces show, it's huge, i believe they said yes, they are coming back to vegas in january? that's accurate? >> that is accurate. they made that announcement publicly yesterday. you know, ces is a huge component of our business here in las vegas. we have a great partnership with them. we are excited that they are committed to making it happen in january. stuart: what about hotel bookings for the future, for the near future? what's your occupancy rate? >> well, we opened with approximately 20% of our room inventory this weekend. and actually, that is higher than what we had initially expected to open. demand for the rooms was greater than intooewe expected and has up over the last seven days. so hotel owners have really accelerated the number of rooms

that are being opened. but we know that it's going to be a ramp from this start and will take some time. we want to do it responsibly. stuart: we saw there was a line of people trying to get in but now we are showing video of the inside of the casino with all the people wearing masks and whatever, but there's nobody at the tables. i mean, it looks empty quite frankly. >> well, to start with, it's 8:30 in the morning here. we are just getting open. some of the properties have delayed their opening until 10:00 today, although they are allowing people to check in. so depending on which casino floor you're currently showing, it may not open for another hour and a half or so. stuart: okay. riots, protests, we have seen some of that in vegas. is that a big deterrent for this reopening?

>> well, we were certainly watching that. that did not turn out to be the case. we certainly not only respect but support, you can see that in the statement from the property, the right of the protesters to be there tan importance of what they're doing. our police department has worked well with them. we don't think that is going to be a deterrent as we have not seen that. stuart: we wish you the very best of luck, steve hill there from the convention bureau. got you. thank you. appreciate it. now, lauren, you've got some good news from vegas? what is it? lauren: well, the nfl has mandated that all teams, all 32 nfl teams, begin their training camps this summer at home, which means the raiders will be playing in henderson, nevada, not napa, where they have been for the past quarter century. i just think football in a

hundred degree nevada heat, i wish them well. stuart: yes, really. it is hot in vegas most of the year. that's a fact. okay. lauren: wow. stuart: we've got a very narrow gain for the dow. a very narrow loss for some of the averages. we've got a go nowhere stock market this morning although we are up a little bit. 26,282. want to talk about quibi, the streaming service that features ten-minute videos. very excited at the launch, at the height of the pandemic, very exciting. remember this? roll tape. >> to make watching on the phone beautiful and tell great stories seemed to me like a great opportunity and this seemed like the right moment and the right time. stuart: maybe it wasn't such a great time after all. reports now show 'pabout pay cu and layoffs at quibi. we are seeing riots and anti-police demonstrations cross the country.

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market. commercial chapter 11 bankruptcies, up 48% in may compared to last year. one more thing. mark zandi who i always associate with the left, on the left-hand side of the aisle, is an economist. he says the covid-19 recession is over, surprise, surprise. that's from mark zandi. who's that? what do you say? deblasio, that's the mayor of new york city, has just confirmed that phase one of the reopening starts on monday. that is next monday. phase two, you get into that in the beginning of july. that's just in from the mayor of new york city. now this headline. "wall street journal," i will read it for you. america's new nihilism. the author of dan henninger, "wall street journal" editorial page editor. you say systemic racism, the result of urban policy failure. this is -- you are writing an

indictment of liberal policy. go at it. >> well, that's right. that's for sure. look, back in 1965, we passed the great society legislation. lyndon johnson passed it. it was going to eliminate poverty in the united states. stuart, that was 55 years ago. we created medicaid, food stamps, welfare, public housing, rent subsidies, federal aid to education. it was supposed to help places like brooklyn and new york, watts in los angeles, the south side of chicago, newark, baltimore, one urban center after another. roll forward 55 years, with this spending trillions upon trillions of dollars and conditions for people living in those areas has little changed. this is a half a century, stuart. this is a monumental policy failure.

i think it is so embarrassing to the current proprietors of the liberal governing model they have engaged in a process of systemic forgetting by using systemic racism to explain away their policy failures. stuart: i think that's quite an indictment you listed there. i've got this for you as well. i want you to listen to what white house press secretary kayleigh mcenany, what she said about president trump. this is germane to our discussion. >> -- there are injustices and he pointed them out when democrats for so many years talked about criminal justice reform and the disparities, the racial disparities in sentencing, president obama didn't do that. guess who fixed that. it was president trump with the first step act who engaged in sentencing reform and who really rectified some of the disparities we saw there. stuart: what do you make of that, dan? president trump has the fix according to his press

secretary. >> well, he has one fix. that was a strong achievement by president trump, and i think there is an opportunity here, we will say it one more time, kind of banging your head against the wall, for the president to make a major statement on these subjects but stuart, it would just have to be done without the usual belligerence because it turns people off. we know that. but my god, given the situation that we now have in this country with people sitting there at home night after night, stunned by what they are seeing and looking for some leadership, this is the moment for a significant presidential statement, trying to offer alternatives to the argument of systemic racism that we are hearing night after night. and there are alternative arguments, stuart, if only the white house could sit down, his advisers, and assemble that into a very productive speech.

we really need that right now. stuart: got it. dan henninger, thursdays, always a pleasure. see you next week. thanks very much, dan. okay. and this note here. protests turned violent overnight in new york city. kristina partsinevelos, tell us what happened. reporter: well, despite the 150 plus protests or arrests we had just yesterday evening, it seems like most of the damage and destruction is a little bit calmer than previous nights but that doesn't mean small businesses aren't reeling from the damage. i'm standing in tribeca in front of the roman kaye salon. i spoke to the owner who told me looters targeted his salon here, they broke through the window, they stole a lot of his products, laptops. he estimates the cost to be anywhere around $50,000. this is a small business owner. he owns three locations. he said he's been closed for over three months because of the lockdown. he employs 50 employees and he won't be able to open up until at least june 22nd. listen to what he had to say

about the struggles with the lockdown and now the protests. listen in. >> it makes it harder because clients don't want to leave the house. i get phone calls from all my loyal clients, oh, my god, we have gatherings, we have riots, people breaking windows downstairs, i don't even want to come out of my apartment. now we have to reopen and i don't know how that's going to bring business to our doors. reporter: bringing business back is a priority for so many businesses across the country. however, we are hearing from eyewitnesses, small business owners as well as law enforcement that many of these looters are planning this in advance. they are using police scanners to find out where the police are throughout the protests, they are taking video, many of them are driving up in cars to steal the goods, especially from more expensive shops like chanel and rolex. this is something the nypd police stations across the country, i should say, are investigating heavily and the

manheim institute in new york, early estimates the damages could be tens of millions of dollars thus far just over the course of less than a week. back to you. stuart: thanks very much. by the way, for our viewers, what you just saw, the video there, was stockpile of bricks, literally stockpiled in advance of a riot that weaponizes the riot. look at that. box after box after box of prepositioned bricks. that is outrageous. this is a theme we have had all week long. big corporations, i look at silence on violence and looting across the country. big corporations don't want to say anything bit. heather zumarraga is with us. heather, how do you feel about this? i want to see our executives in this country condemn the kind of violence we've got on the left-hand side of the screen. but i don't see it. where do you stand with this? >> you don't see it. you do see a lot of business leaders and ceos speaking out,

saying that the peaceful protests, that they are in favor of that and saying that this is just a heartbreaking tragedy but they are not condemning the riots and the looting. that's what just makes no sense. you're not hearing that from big business, i'm thinking because someone like target or someone like macy's, they are multi-million dollar company with big money behind them but the small businesses, those are being destroyed and you don't hear their voices. they don't have a wide mass media social media platform to speak up and be heard. they are the true victims of the riots and the looting. the small business owners. stuart: absolutely. they are the true victims here, big time. heather, at the top of the show i was trying to explain why we've got such a strong rally going on with all these protests. i said look, there's tina, there is no other alternative, there is all this stimulus money,

there are fewer stocks to buy, fewer companies that are publicly traded, and we've got these animal spirits let loose. what am i missing? >> well, i think there's a big disconnect between the stock market and the economy right now. i'm optimistic that as we reopen, casinos are reopening, restaurants are reopening, things are getting better. you are seeing the unemployment data showing trends in the right direction, that more people will hopefully go back to work as we reopen the economy. you want to see that continuing claims number go down. but the stock market may be a v-shaped recovery. it's just not reflecting what you're seeing in the economy because if you look at the s&p 500, for example, health care and technology have been doing very well despite this pandemic. they account for about 50% of the s&p 500. that is why i think the market is doing very well. stuart: will it continue to do well, real fast, 20 seconds? >> i think the market can continue to do well. we will go back down. you won't see, there's a letter,

many letters and alphabet soup. you won't see a w but you might see a brief pullback in the market. then we can head higher from there as we reopen the economy. stuart: thank you for joining us. appreciate it. thank you very much. all right. we do see protests from coast to coast, pushing for changes in law enforcement. one toy company is taking a stand by pulling ads for police-themed products. what message does that send to kids? we will discuss it. the denver broncos coach apologizing for saying he doesn't see racism in the nfl. an nfl hall of famer terrell davis, he played for the broncos, and he's going to join us next. we design and engineer in america.

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stuart: i've got to say, it's still pretty much a go nowhere market. slight moves for the dow, the s&p and the nasdaq composite. not that much movement either way this morning. new orleans saints quarterback drew brees is

apologizing for these comments. roll tape. >> i will never agree with anybody disrespecting the flag of the united states of america or our country. i envision my two grandfathers who fought for this country during world war ii, one in the army, and one in the marine corps. both risking their lives to protect our country and to try to make our country and this world a better place. so every time i stand with my hand over my heart looking at that flag, and singing the national anthem, that's what i think about. stuart: all right. i want to bring in terrell davis, the hall of fame nfl running back. great guy. i think he's on the show, i don't know whether he can hear me right now. look at the camera, terrell. we've got to make sure he can hear me. we just lost the audio there. that's the thing about live television, you know, in the age of the virus, with the lockdown. you're working from 12 or 13 different locations and that can

be a problem. i will bring you an update on this brouhaha at the nfl. how about this from denver broncos coach, vic fangio? he backtracked his statement that he doesn't see racism in the nfl. here's the statement. well, i have never personally experienced those terrible things first-hand during my 33 years in the nfl. i understand that many players, coaches and staff have different perspectives. he has therefore apologized for saying i did not see that in my career. do we have terrell? we do. all right. terrell, thanks for joining us, sir. i'm glad you can hear me now. first of all, i want to know what you think of drew brees, his statement about kneeling, and then his apology for those comments. what do you think? >> yeah. i mean, it's disheartening to see drew brees come out and make a statement like that, not because he stands up for the flag but because he clearly doesn't understand what

kaepernick was kneeling for. kaep was not doing it against our military, he was not doing it against america. kaep made it clear the reason why he knelt when previously he was sitting was because he wanted to honor the military and show his support for america, but he also wanted to say and take that platform as an opportunity to show that he wasn't happy with social injustice and police brutality. so for drew brees to say well, i refuse, you know, i'm always going to, you know, look at somebody who's kneeling for the flag and that's not acceptable, well, understand why kaep was doing it. so his apology, i appreciate it, but a lot of times you just got to, you know, think before talk. really talk to your teammates about this situation. stuart: what about the coach who said look, i have not experienced that kind of racism during my career. he had to backtrack that and

apologize for saying it. what do you make of that? does he have to apologize for saying that he had not seen the kind of racism that everybody is talking about? >> absolutely. and the reason is because you haven't seen it doesn't mean it doesn't exist. that is the problem with what's happening, is people i donuse t own personal experience to say i haven't seen it so it doesn't exist. if you have a league and you have a team that's comprised of predominantly minorities, blacks, and you don't have a pulse as to what's happening in their world, i mean, that's a bit of a problem. so listen, i appreciate them both coming back and saying they apologize because to me, that takes guts, but i think before you talk about the issue like that, i mean, please talk to your players. get a pulse of what's going on in their communities, in their, you know, with their families. then you can make those statements.

stuart: i don't know what the format's going to be when the nfl gets back on the field come september, october, whenever it happens. i don't know what the format is. but if the anthem is played, are we going to see a new round of kneeling? >> i don't know. i was watching malcolm jenkins yesterday on tv and he made it clear that kneeling during the national anthem was really not the focus because it's all about action now. we have already made that point the last couple years but i think now is the time for everybody to get involved in action and not just kneeling during the national anthem. stuart: i know you are part of defy nation. it's a platform for veterans. i know this is your thing. if i go to defy nation, what do i see? >> well, defy nation is a community of people who have defied the odds and really have

the mentality of defy, what it really means. defy is a mentality. it's to encourage people who had difficulties in life, had to overcome major obstacles, and we are teaming up with the red, white and blue, a veteran organization, we feel strongly about our veterans and always have. so we want to support them, give them encouragement and allow them to be on our platform and really have a partnership with them. we felt it was really important. i don't know if you watched me play football, i used to do the mile high salute. that was because of my appreciation for the military, the fact i wanted to embody their mentality. so listen, we want to bring people together not only in this time but every time, and have people have a voice and a platform to encourage them to be better than they are today, to be better going forward, and have a community of people who support them. stuart: terrell, we really appreciate you coming on the

show today, being part of this conversation as we say. it's appreciated. we respect your opinions. terrell davis, everyone. >> thank you very much. stuart: you were a great player, too. even i know that. >> appreciate it. stuart: sure thing. yes, sir. thanks very much. see you soon. now, let's get to the white house, because they are adding a big new and taller fence right around the white house. we are going to show it to you and discuss it next. this is an athlete, twenty reps deep, sprinting past every leak in our softest, smoothest fabric. she's confident, protected, her strength respected. depend. the only thing stronger than us, is you.

stuart: fox business alert. protests in new york city turned violent overnight. two police officers shot. another stabbed in the neck in what's being called an unprovoked attack. that's new york city. minneapolis, george floyd's family will hold the first of three memorial services before his funeral, that's in houston and that is next week. earlier today, senate democrats held a moment of silence for floyd as well as ahmaud arbery and brionna taylor, whose deaths sparked these protests. a taller fence being installed around the white house. jillian turner from fox news is there, steps away. tell me more about this. reporter: good afternoon,

stuart. [ inaudible ]. stuart: okay. i'm very sorry, because we've got an audio problem, obviously. that was jillian turner standing right in front of that big fence. it is a big fence, it goes all the way across the front there. it's a sad sight, to be perfectly honest with you, because this is the white house. this is where our president lives. that is a real problem when you see a big security fence erected in times like this. you can see it's in the process of being built. it will be tall and big and new. can't say as i like it. maybe it's necessary. i'm staying on this protest theme. it's infected the toy industry. lauren, am i right in saying that lego is stopping ads for police kind of lego characters? lauren: and its white house kit.

lego sent an e-mail to online companies saying temporarily, out of respect for what's going on across the country, stop marketing for about 30 lego sets that have emergency vehicles, police cars, the white house, in those sets. you can still sell them. don't advertise for them. their recommendation. lego is also donating $4 million to organizations that support black children and educating all children about racial inequality. so this is another example of many retailers, many companies, essentially putting their money where their mouth is. they are saying we should do more and they are donating money to do more. stuart: maybe so but it's sending quite a message to children, isn't it. you may not have toys that are police officers. can't do that. i mean, that's flat out anti-police material. okay. the dow industrials right now have turned mildly positive. i mean, we are only just on the upside. 11 points higher. mixed market today. there will be more "varney" after this.

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stuart: as we leave you the dow industrials are up seven points. if it wasn't for boeing there would be way, way down. boeing is up 12 bucks, 7%. it's the stock of the day. it is actually probably the comeback stock of the week. boeing is a dow stock and it is adding 82 points to the dow which is still only up seven points. you get it? dow stock, boeing, adds 82 to the dow but the dow still up

only seven. not good. and i, dear viewers, are still way underwater. i bought boeing at 331 and i still got it. it is now only at, i can't remember exactly what it is. 80. terrible, i'm under water. neil, it's yours. neil: well this whole job is a hobby for you anyway. you have so much money that is rounding error. stuart: very good. neil: stuart, thank you. listen anything i can do to sort of pound on that theme. we've got a lot going on here, including what is going on in new york. we told but the protests, have a little who are on that, because things are planned for tonight that could ease things considerably. but we're also getting word from new york mayor bill de blasio that phase two of that reopening is indeed still set for monday. you might have heard yesterday there was some concern he might push it back with the protests and disruptions in the big