maria: dagen? >> if you talk about defunding police departments and then putting money into social services, is that money wasted if it's in the hands of bill deblasio, it sure as hell is. maria: there you go. all right, everybody. great show. really important thoughts there. have a great day. see you tomorrow. that does it for us. "varney & company" begins right now. ashley webster is in for stuart. ashley, take it away. ashley: hey, thank you, maria. good morning to you. good morning, everybody. stuart is back tomorrow, by the way. today we are looking at a triple digit selloff. we will get into that. the market has seen a historic runup over the past few weeks. all-time high for the nasdaq, the s&p going positive for the year but this morning, looks like investors are cashing in just a little bit, maybe a little bit of profit taking. the futures, as you can see, on the dow off now 308 points. good for a 1% or more selloff. despite that, we have more signs of things returning to normal. macy's surging after reporting its reopened stores are performing better than expected.

california will open movie theaters on friday, at least in a limited capacity, but they are opening. guess what? we have an ipo today. remember those? vroom, an online used car retailer, goes public this morning. all positive signs abound. yet the media is jumping on the headline from a group called the national bureau of economic research. that group reporting late yesterday that we are officially in a recession and that it began in february before the pandemic. still scratching my head on that. you can bet we will be discussing it. and here's another return to normal for you. president trump says he will begin holding campaign rallies again in just a few weeks. the trump campaign will be joining us in the 11:00 hour. let's go ahead as always. i'm ashley webster. "varney & company" starts now.

ashley: let's get straight to your money. we will start with the losers. first up, the airlines have had a really good run of late, as we know, but as you can see across the board, check out american airlines, down 8%, $18.64. all of the airlines, though, losing some significant ground this morning. how about the cruise lines? another sector that has seen a very nice rebound and now again, headed in the other way. heading back into port, i guess. carnival down 5.5%. same story for norwegian and royal caribbean. take a look at the banks. the banks, too, have been on a good roll recently. the financials stocks but look at all the red. goldman sachs, jpmorgan, morgan stanley, b of a has been on a really good run. they are down today close to 3% in the premarket. citigroup also down 3%. what about boeing? it has nearly tripled from its low. it would be a big drag today, unfortunately. although not massively. it's down six bucks, $223 for a 3% drop on boeing.

all right. let's get some analysis on all of this. bring in ed yardeni. ed, is this just a blip, little bit of profit taking, or are we due, as some would argue, for a correction? >> well, honestly, i hope that we do take a rest here. i don't know if we need to go down but we could use some sideways action here. we need to give the market some time so earnings can catch up with valuation multiples. we had a horrible meltdown from february 19 through march 23, and an extraordinary meltup since then. meltups are great if you happen to be long and enjoying them, but too much of a good thing is too much of a good thing. i don't want this thing to keep going straight up. i want it to rest. ashley: i want to bring up that national bureau of economic research that said the recession started before the virus took

hold back in february. media jumping all over this. what do you say? >> well, look, now we're going to have to all put those shades into our charts showing the recession started in february. i think arguably, it started in march but either way, it's going to be the shortest recession or one of the shortest recessions of all times and i think in many ways, it was a lockdown recession. it really wasn't a recession caused by a credit crunch or by sudden problem in the economy itself. it was politicians, policy makers deciding to shut down the economy. ashley: it's interesting, isn't it. so where do we go from here? lot of people say this is all built on the free money printing from the fed and from the administration that the real truth, you know, the fundamentals don't support the rise that we've seen. what do you think on that?

>> well, that doesn't make sense. i mean, a trillion here, a trillion there adds up. so we have seen the federal reserve pumping in a couple trillion dollars into the economy. instead of bazookas they went straight to b-52 bombers and carpet bombed the economy financial markets with trillions of dollars of cash. the fiscal policy came in with a couple trillion dollars and then people got scared in march and there's a couple trillion extra dollars sitting on the sideline. there has been a lot of free money that's driven this market up but it will also provide some support for recovery in the economy and i think six to 12 months from now, things will look or feel much more normal than they do right now. ashley: very good place to leave it right there. ed yardeni, thanks for joining us. appreciate it. i want to bring in andy puzder now. andy, what's your take on that report? okay, they say it started in february, this recession. you could argue it finished in may, right?

>> that would be a very good point, but i have to say, this is what they said. they didn't say february was a bad month economically. you couldn't say that. it was a very good month economically. what they said was quote, a peak in monthly economic activity occurred in the u.s. economy in february 2020. the peak marks the end of the expansion that began in june of 2009. well, it peaked in february. it didn't decline in february. so i don't know, you know, other people in the media just aren't reading the report or just not paying attention to it, but look, february, we created 273,000 jobs. unemployment rate was 3.5%. the labor participation rate hit a seven-year high at 62.4%. and wages went up 3% for the 19th consecutive month. gdp now out of atlanta in february was projecting that gdp

would come in at 3.1%. the decline happened in march, not february. ashley: exactly. by the way, i read your piece on fox news.com. it was good. you say the recovery as predicted by the president is in full effect. >> yep. look, last week, we were both on, i was on with stuart last week on thursday and we talked about the unemployment claims coming in low and i said this is very encouraging. i don't know why we have these projections that the unemployment rate is going to be so high and in fact, the economists were wrong. the unemployment rate went down. we created 2.5 million jobs. the biggest month in the history of the bls reporting monthly job creating, this is the best month we've ever had. i think you can say we peaked in february, we hit the trough in may, which means you had maybe two, two and a half months of recession, but it wasn't a recession because we made terrible policy moves or there

was malfeasance or cheating. we did this on purpose. we did it to fight the coronavirus. we did it to keep it under control. we always knew there would be tradeoffs and there was a tradeoff economically. so look, we did great in february. we are doing great again in may. hopefully this will continue and we will have, you know, we can get back on track here. ashley: amen. andy puzder, thank you so much for joining us this morning from i'm assuming beautiful franklin, tennessee, which is a great city. >> no, i'm in michigan. ashley: oh, couldn't be further -- sorry about that. enjoy michigan anyway. >> it's cooler here. less humid. ashley: i'm sure. couple of big retail names reporting this morning. first one, let's talk about macy's. it's going to be up on what appears to be a very down day. lauren, it's all about the reopening, right? lauren: exactly. these were preliminary earnings and look at this stock. it's up 6%. but it was up 12%. let me explain.

of the 450 macy's stores that are reopened, the company says look, it's doing much better than expected but analysts are now saying well, what is better than expected. at first, it was a decline year over year where sales would be down 80%, but they are really down 50%. so yeah, ash, that's better than expected but it's still not that good. but the stock is nonetheless up and remember when it was $4.38 in april? all-time low, got kicked out of the s&p 500. it's now at $10.11 a share. one more quick thing. they completed a deal, $4.5 billion in new financing so they have money where they can get new inventory and pay some of their bills. investors like that as well. ashley: yes. always good to have money on hand. what about the little blue box company, tiffany? lauren: bad quarter. sales down 45%. in fact, asia pacific also down about the same, that's a large region for them. this is why the stock is up over 2%. because in may, their china

sales rose by 90%. investors love that. sending the stock up this morning. despite pretty bad numbers for the quarter. ashley: yeah. all right. lauren, thank you very much. what about amazon now? jeff bezos defending his position on black lives matter despite what some customers say. susan? susan: yes. jeff bezos responding publicly to a profanity-laced e-mail from one of his customers after amazon expressed their support in standing with the black lives matter movement. so an e-mail coming from dave, a customer, saying that i was placing an order with the company when i discovered your statement in support for black lives matter. dave goes on to say maintain your stance and we will watch your profits decline and laugh about it. my business relationship with you is over. in reaction, here's what jeff bezos wrote. he says this sort of hate shouldn't be allowed to hide in the shadows, he wrote in the post on instagram, and he says it's important to make it visible. this is just one example of the problem and dave, you're the

kind of customer i'm happy to lose. bezos says he received a number of sickening responses in reaction to the support and the company's support for black lives matter but you know, amazon has also faced a lot of criticism as well. in fact, for their facial recognition technology that they provide the a lot of police forces across the country, surveillance technology by ring, distributing their ring technology across a lot of these state and local governments as well. so on one hand, he's saying you know, we're happy to lose customers that don't stand with black lives matter, but then on the other hand, he's providing a lot of technology to a lot of these police departments across the country. ashley: and the stock slightly higher in the premarket. good stuff. susan, thank you very much. let's take a look at the futures for you. amazon moving slightly higher but not the story on the main market this morning. the dow off more than 1%, down 328. the s&p down 1%. nasdaq also after closing at a record high yesterday, down about .25%.

calls to defund or disband police departments are growing across the country. stop what you're doing and listen to this stance from the minneapolis city council president. roll tape. >> what if in the middle of the night my home is broken into, who do i call? >> yes. i mean, i hear that loud and clear from a lot of my neighbors and i know, and myself, too, i know that comes from a place of privilege. ashley: that's lisa bender who says calling the police for help is white privilege. isn't that dangerous rhetoric? we will debate that issue. and as unrest continues, my next guest says don't let protesters overrun america's institutions. arizona congressman andy biggs will make his case next.

ashley: all right. let's take a look, another look at those futures. we've had six sessions of gains in a row. doesn't appear that's going to happen at least in the early going. the u.s. futures, you can see, dow off 300 points. s&p and nasdaq also moving lower. let's get back to the virus. the new york city police department is looking at using drones to track your temperature. let's bring in kristina partsinevelos. kristina, i would imagine this poses some serious privacy concerns, right? kristina: of course it does. we are going to get to that. but imagine, ashley, if you are in times square like i am and you decide all of a sudden you're coughing and a drone is hovering right above you, or you're standing with your group of friends and a drone speaker says step away from your friends, you're standing too close. well, this could actually become a reality. they are called pandemic drones and state and local police forces are looking into using them. these drones are made from a

canadian company called dragonfly and they can monitor your temperature from 190 feet away. they can also detect sneezing, coughing, your heart and breathing rate. at the moment, we know they have had test flights in westport, connecticut with the westport police over there, but like you mentioned, ashley, there are a lot of concerns about privacy so the police force over there scrapped the plan. however, westport police did say the nypd, that's new york police department, is looking into them. we reached out to the nypd and they didn't deny it. they provided us with this statement. quote, the nypd regularly reaches out to various police departments and law enforcement agencies to discuss and exchange information regarding best practices and the use of various forms of technology. there are no plans at this time to purchase this particular product. i reached out to a contact at the federal aviation association or faa, i should say, sorry, and they said so far, the nypd hasn't put an authorization request to start flying it

around new york and when i asked the faa again, a government agency, about privacy, they said they monitor security, not privacy and these drones, although they use biometrics to determine your heart rate, breathing rate, et cetera, they say the drones are not designed to identify people. ashley? back to you. ashley: um-hum. twha that's what they all say. fascinating technology, no doubt about it. thank you. yeah, privacy obviously a concern. all right. next one. protests continue across the country. demonstrators calling for entire police departments to be defunded. our next guest has a new op-ed in the "washington examiner." the headline is don't let protesters overrun america's institutions. in it, he writes this. we can root out the imperfections, make changes today without emasculating the institutions that have made our nation the freest, the most prosperous and the most compassionate nation in the history of the world. let's bring in the writer of

that, congressman andy biggs, arizona republican. congressman, thank you for joining us. are you defending the police here? >> yeah, as an institution, i am. i'm defending the police. we need the police. we rely on the police, what their job is is to protect our rights, to protect the helpless and that's their purpose. occasionally you are going to have a bad actor and it may be because of a racial motive, it may be because of a training issue, it may be because they have malevolent intentions and a bully shouldn't be a police officer. there are ways to correct that without emasculating and destroying an institution which is designed to actually protect us and serve us. ashley: but you know, some of these calls for defunding are actually gaining traction. minneapolis in particular. i just can't wrap my head around the fact that they want to dismantle in many cases the police department. i mean, the police are a much-needed part of society.

>> yeah, that's exactly right. who do you call, the minneapolis councilwoman who said that's just white privilege. the reality is everyone needs to have access to the police. we all face these challenges from time to time and literally, there are hundreds of millions of contacts with police every year and a few of them go horribly awry, but by and large, i tell you what i do is if we suspect someone's going -- has malevolent intentions i'm going to call the police and i expect them to come and they do come and they answer the call and this basically tarring or painting a picture here of an entire institution because you have a few bad actors is misguided, i think. ashley: all right. let's change subjects, if we can. i want to talk about the border which has kind of been pushed to the back burner. president trump shut it down

because of the virus and that led to a little over 16,000 apprehensions in the month of april. that, by the way, the lowest in three years. now, i understand you are going to be going down to the border for four days. my question is what are you going to do down there? >> well, i'm taking some fellow members of congress with me and you know, lot of folks don't realize how big and vast the border is, how open it is. we have some new fencing that has gone up. we need to inspect that. but we will be talking with ranchers, people who live along the border, merchants, commercial sellers, retailers. we will be talking with border patrol, local law enforcement, to get a good picture about what is happening and what's developed. this is at least a half a dozen trips i have led with members of congress, so it's very important that we get eyes on the ground and see what's happening down there right now. ashley: very good. be interesting to find out what you see down there. congressman andy biggs from

arizona, thank you so much for joining us today. >> thanks. thank you, ashley. ashley: all right. thank you. let's take a look at those futures as we head to the break. well, okay. we were down more than 300. now we are only down 289 or thereabouts. 295 on the dow. looks like we will open to the downside after six straight sessions of gains. the market opening in, well, about six, seven minutes from now. we'll have more when we come back.

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ashley: all right. we're just ahead of the opening bell. looks like we are going to start the session at least down but i want to get to ibm. susan, they are ditching their facial recognition business, right? susan: that's right. ibm's ceo yesterday calling on congress monday to enact reforms to advance racial justice and also combat systemic racism and announcing the company was getting out of facial recognition technology. you know, we know that ibm isn't really a big player when it comes to facial recognition technology but still, it makes a stand so in a statement, here's what arvind said. ibm firmly opposes and will not condone uses of any technology including facial recognition offered by other vendors for mass surveillance, racial profiling, violations of basic human rights and freedom or any purpose which is not consistent

with our values and principles of trust and transparency. now, meantime, we know that ibm isn't a big player when it comes to facial recognition technology but one player that is big and as i mentioned to you earlier, is amazon. amazon also facing a shareholder vote last year that a 2.4% actually voted to tell amazon to maybe get rid of facial recognition technology because they say this is a point of mass surveillance and also misidentifies a lot of the minority community and is also supplied to a lot of police departments as i mentioned across the country. ashley: right. all right. susan, thank you. check the futures one more time. looks like we will begin the day on a down note. doesn't mean we will end there but certainly starting off down 266 on the dow. look who's here. it's mike murphy, of course. mike, great to see you. okay, today's selloff, is this a blip or the start of things to come? >> good morning, ash. great to see you as well. this is a blip.

we have the market's not going to go straight up. we've had a massive rally after we sold off big in march. we rallied hard but this is now, the market will get past coronavirus, the market will get past the rioters and then we are going to start focusing on the recovering u.s. economy. if the economy gets back to where it was, which i believe it will, then the market will not only get back to where it was but we are looking at new highs in the very near future. ashley: how near future? i don't want to nail you down to the day or the time, but are you talking in the next month or two or what time frame? >> i will look for a little wiggle room, within the next quarter. but i think barring anything crazy, we are going to see the markets start to trade on fundamentals and i think the fundamental supports new highs. ashley: but there are those who argue saying this isn't about the fundamentals, this is about fiscal and monetary policy that's propping it up. >> you can make that argument. but then what?

unless the fed is going to walk away which they're not, then you want to have the argument on whether or not the fed should be moving, that's one thing, but they are moving so you can't deny that. ashley: okay. well, you can hear the bell ringing and we are off. here we go. we are expecting a big move to the downside as we wait for the stocks to kick in. all kinds of red on the board. johnson & johnson in the positive but i think i see boeing there, my eyesight's not great but boeing is one of the laggards, down 354, 362, right out of the chute on the dow. the premarket suggested it. it was right. little bit of a selloff after six straight sessions of gains. so maybe a little bit of profit taking. let's take a look at the s&p as well, if we can. it turned positive for the year yesterday. down now 1%. the s&p down at 3197. let's take a look at the nasdaq. that had a record high close yesterday.

expecting it to be down today. not by much. down half a percent on the nasdaq. currently at 9869. we have looked at some stocks that have been doing so well recently like the airlines. guess what? the airlines starting to sink a bit. southwest, jetblue, delta, united, american, all down. in fact, american off 11%, down more than $2 at $18 a share. the big financials also have been given a nice boost recently. let's go to the cruise lines. why not. sorry. getting ahead of myself. carnival, norwegian, royal caribbean all down significantly after making some nice gains on suggestions that demand is going to pick up. now the financials. goldman, jpmorgan, morgan stanley, bank of america, citigroup, they are in the red today. citigroup down 4% in the very early going. take a look at the big tech names, why don't we. we know the nasdaq is down slightly but mixed bag for the tech. amazon, higher.

microsoft, higher. facebook flat and alphabet/google just down .1%. some gains in big tech. macy's reported earlier, we talked about this, revenue from the first quarter was down $2.5 billion from last year but their ceo says their reopened stores are doing better than anticipated. the company also just raised another $4.5 billion to pay off some debt so guess what? macy's up 4.5% on that news at close to $10 a share. tiffany, the virus obviously took its toll on their supply chain, hurt by closures and delays. that led to a $65 million loss for the quarter. but there were sales in china, they were up 90% in may and signaling perhaps a modest recovery for the second quarter. the stock doing okay today, in a very down market so far. tiffany up 1.5%, $124.

signet jewelers, not only are they suspending their dividend, they are also going to keep around 150 of their stores here in the u.s. closed. that's not good news. the stock down 11% on that. speaking of losers, check those dow names in the red. boeing, exxonmobil, american express, chevron, caterpillar, couple of oil names in there as oil has started to retreat a bit. there you have it. boeing as we said has been such a tear but it's starting to sink just a little bit, down 5% today. more names contributing to the selloff. energy. i mentioned oil, lauren. why down? lauren: yeah. well, the six-week rally has stalled, stalled yesterday. oil is down again today. you're looking at some of the losses. look, whiting petroleum is down a dollar. i also want to talk about chesapeake energy. this is a stock, it's halted right now, has been halted so many times. over the past couple weeks, for

volatility. for example, last thursday, it was at 14. friday, 24. yesterday, $69 a share. so it's seen this enormous movement. the reports are that this company could file for chapter 11 bankruptcy. as you know, it was a pioneer in the shale business and if you are talking about the permian basin, they need oil at $50 to break even. right now oil is at $38 a barrel. ashley: very good point. very volatile stock. what about the restaurants? we are starting to get them reopened even if it's only for outdoor dining. how are they doing? lauren: yeah. they're starting. brinker international, they operate chile's, they are down about 3.5% today. they said their sales for the week ending june 3rd were down 11%. it's limiting dining so yes, they are opening but it's limited. also, many of them, especially cheesecake factory, have come a long way. this after on the reopening rally, it's starting to come

back to earth, if you will. reality is setting in this is elemented capacity. ashley: very true. coming back to earth, we have had such a tremendous run for the market. susan, come in. is this taking a breather, taking some profits? susan: pretty much what it is. [ speaking simultaneously ] susan: we saw the president tweet about the amazing record run for the nasdaq, hitting another record high yesterday, and it only took 76 sessions, by the way, in a pandemic for the tech-heavy nasdaq to hit another record from the last record they hit earlier this year. usually in this type of environment it takes over 1,000 trading days for that to happen. so this is a record pace for the nasdaq and you know, they are being powered by of course the technology plays, overweight 38% represented by the amazons, apples, tesla, et cetera, et cetera so they are outperforming the s&p 500 and the dow, people are making the comparison is it overpriced right now compared to, say, the dot-com bubble in the early 2000s. i would argue no, because

actually, they are expected to make money this year. profits are expected to go up 1.5% whereas for the s&p 500, and some would say the more older blue chip plays, you are expected to see profits fall about 20% this year. so some say look, if you look at price, yes, it's still high at 31 times price right now compared to its future profit, but not the 175 times you saw during the 2000 dot-com bubble run. there might be some more gains here and actually, this is a legitimate gain. ashley: right. very good point. let's check big tech, if we can. as susan alluded to, nasdaq in record territory, closed in record -- at that record level yesterday. mike murphy, he stuck around. you say big tech will drive us to new highs, big tech will once again take the lead? >> i believe it will. if you watched this morning as we are getting a selloff in the broader markets, you are seeing money flow back into big tech, back into the apples and amazons

of the word. those are the names that have gotten us here. apple hit a new all-time high this morning. those are the names that are going to drive us to new highs. why? because apple, microsoft, facebook, google, those are the names -- throw netflix in there -- big techs are the names that are showing growth. when you talk about whether or not the market is expensive or cheap, historically speaking, these companies continue to deliver. they continue to grow. so you can see their stock price continue to move higher. big tech will lead us higher. ashley: very good. mike, you brought your list of picks. we had to put them on the screen. i want to focus on two of those. start with simon properties. these are the shopping mall owners, right? >> correct. so simon properties was trading in the mid 100s, about $140, $150 when the coronavirus hit. the stock traded all the way down into the 50s. now it's recovered quite a bit and as nyou know, we invest in

lot of venture capital names, private companies. when what a lot of these companies are doing is selling their product online but once they get a name brand, brand recognition, they are going into the malls. simon properties, i believe, will be around. i believe they are paying you close to 10% to hold the stock. i think it will be back to pre-corona levels in the near future. it's a buy. ashley: all right. very quickly, slack was up there, too. make your case. >> so again, this is a company, lot of companies are using, but it's more of a shorter term trade here. slack went from $40 to $31 on what was a decent quarter. it wasn't comparable to june quarter but still a good quarter. down in the low 30s, i think you can own the stock and it shut ged back -- we expect it back in the low 40s very soon. ashley: very good. mike murphy, thanks for joining

us. great as always. much appreciate it. you are looking at a nearly empty grand central terminal during rush hour monday. it comes, look at that, look at that, it comes as new york city slowly begins to reopen. phase one started yesterday. will it ever be the same? we will talk about that. president trump also taking a hard line stance against growing calls to defund police departments. >> there won't be defunding, there won't be dismantling of our police and there are not going to be any disbanding of our police. ashley: well, the question is, is defunding the police the wrong approach towards real reform? that story coming up later in our 11:00 hour. meantime, check those travel stocks. people slowly growing more optimistic as the country reopens. my next guest says the optimism, too strong, he says. he will explain why next. stock slices.

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ashley: all right. let's check those markets. we are well off our morning lows but still off 290 points on the dow. the s&p and nasdaq also moving lower. the nasdaq, off .25%. however, amazon and apple, oh, by the way, have just hit fresh all-time highs. amazon up nearly 20 bucks at $2554, apple up another $2 plus at $335.69 on apple. both all-time highs. let's take a look at google. susan, tell me about the new google maps feature. what's so special? susan: well, as more states and localities reopen after the covid-19 lockdown, google is trying to provide a better service for you so in the future, they are going to tell you about travel restrictions to help people plan their trips a little bit better, they say, so the update will allow users to check how crowded a train is, how crowded public

transportation is at a specific time, also buses on a certain route are running on a limited schedule, they stay, checkpoint locations for covid-19, that includes national borders, that might have restrictions including canada, mexico and the u.s. this will be rolled out, these transit alerts will be rolled out first in the u.s., the uk, france and india among other countries but it's interesting to provide just a better way to travel so you know what's ahead of you, especially in these unknown times. ashley: very interesting. susan, thanks. let's check the travel stocks. before today, they were rebounding as reopening optimism spread, but our next guest says travel numbers will not return to normal any time soon. let's bring in jeff hoffman, global entrepreneurship network chairman. jeff, you helped create priceline and expedia. you know this industry very very well, but you're not buying into the hype right now. >> i am not, ashley. there's good news. let's do the good news first. the good news is that we are

reopening again, right. we had a net gain in jobs last month instead of a net loss, unemployment went down, people -- states and cities are reopening like new york, so we are going back to work. when we go back to work, we start planning work trips and business trips again, and when we start working, we have disposable income again so believe me, there is so much pent-up demand on the leisure side. people want to get out of the house. that's the good news. we are going to see travel start to increase and again, a lot of pent-up demand for leisure travel as well as people starting to plan business trips now. that's the good part. ashley: all right. the bad part? >> the bad part is that i don't think it ever gets all the way back to normal. we have been talking to thousands of executives and ceos and business owners who say that on the business side, the sales call, they want to get back, we want to get back to business and make sales calls again but now that we have learned how to use tools like slack and zoom and

others that we didn't, most businesses didn't use before, what they are telling me is the monthly staff meeting, we can probably do that on zoom. a lot of business travel and trips that were internal within the company, they will do more of those online than they ever did before. so i don't think we will see the numbers come all the way back. as well, the profits are in international travel and that isn't really starting up yet. that's going to be slow. i think the travel demand will be driven by leisure which is the least profitable sector of travel typically. ashley: very quickly, what can the industry do to try and rebuild the confidence for people to get out there and travel? >> well, we just heard about that new google maps type of app. i think you are going to see a lot of apps and sites and features that enable people to feel safe, they tell you what's on the ground where you're going, what you need to prepare for, what the rules are, where it's safe to go. i think a lot of the world is scrambling to make people feel

more comfortable out of their house and i think we will see a lot of new companies and apps that are going to achieve that goal so that we will be more comfortable traveling. ashley: indeed. all right. we are out of time. jeff hoffman, thanks for joining us this morning. >> thank you. ashley: all right. let's take a look at some damage. this was from looters who destroyed the santa monica music store. one of the owners says they took everything and no one was there to stop them. she will be joining us next hour to talk about the damage, whether they can, in fact, reopen the business at all. movie theaters in california will reopen this week but under certain restrictions. question is, are people really going to go back? during the lockdown some new releases went straight to streaming in the comfort of our homes. we got used to that. we're on it next. ♪

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ashley: all right. we're still off on the dow, as you can see, down about 1.33%. good for a 360 point loss. the s&p down 1% now at 3199. and the nasdaq also down .33%. let's take a look at the movie theaters stocks if we can. lauren, we understand they can reopen in california this week but i'm sure under limited conditions.

lauren: very limited conditions. so the reopening can start on friday in california. however, there has to be a capacity limit of 25% or 100 people, whichever number is lower. you have to make a reservation ahead of backing such a planned culture. also, the theaters have to have disposable covers on the seats. patrons have to wear masks when they go into a theater and during the movie except whenn r you're eating or drinking although i'm not sure how they can police that when you're in the dark. amc shares down about 11%. they report after the bell today and some bankruptcy rumors have been swirling around that company. ashley: yeah. interesting to see how many people actually decide they want to go back to the movie theater. lauren, thank you. i want to check wendy's. they say their beef shortage is almost over. susan? susan: almost over. remember during the covid-19

pandemic and i guess the middle of it, there was a lack of beef because of the closures in these processing plants, and wendy's always prides itself on having fresh never frozen beef. well, wendy's says i guess the chokehold in the beef supply has improved at least in the last week of may, it turned positive when it comes to normal supplies of beef once again, and they say global same store and same restaurant sales for the last week of may actually turned positive, which is good since we know that restaurants, wendy's has been suffering and they turned positive in the low single digits and breakfast accounted for 8% of u.s. sales. people are getting back to their normal routine as these states start to reopen. ashley: good news. and another positive indicator, by the way, today, vroom, v-r-o-o-m, online car seller, lauren, guess what? an ipo. they are going to go public today. lauren: they are vrooming fast on the nasdaq. yes, we are waiting for shares to start trading but this is a

$467.5 million ipo. shares priced at $22 each. this is the first ipo of the year backed by private investors, warner music, zoom information, they were backed by private equity. the ipo market is coming back. we slee whewill see where they they did price at $22. ashley: very interesting. we will follow the fate of vroom. it's just fun to say. lauren, thank you. president trump is heading back on the campaign trail. he's ready to restart his maga rallies this month. what's that going to look like? erin perrine will join me in our 11:00 hour for that story. first, the world health organization is now saying that asymptomatic spread of the virus seems very rare. but isn't that the whole reason we were on lockdown? right? a doctor joins me on that next. keep it right here on "varney & company." >> it still appears to be rare

that an asymptomatic individual actually transmits onward. what we really want to be focused on are following the symptomatic features. . .

♪. ashley: i'm ashley webster in today for stuart varney. it is coming up to right at 10:00 a.m. on the east coast. we're 30 minutes into the trading day. here is a look at markets right now, a lot of red. the dow off as you can see 360 points.

nasdaq also down after closing at new record high yesterday. s&p off 1%. we'll look at individual stocks. macy's reporting reopened stores doing much better than expected. the stock up 4% at just under 10 bucks a share. susan li, come on in. you have new numbers on job openings. susan: we just got the up in per. 5.1 million in the month of april. less than the six million the economists forecast. these are backwards looking and distortion nary effect. don't forget in april we saw unemployment rate of 14.7% that is the highest going back to the great depression. there are six, now five million job openings in the month. federal reserve will take this into account when they make their decision on wednesday. that is exactly what the markets are looking for. hence the sell-off. people are wanting to wait, take money off the table to see what

the fed does. ashley: as you say that the dow down 400 points. let's bring in our good friend scott scott shellady. today aside seems that the market is full swing s that how you see it? >> i have to write a op-ed from the indglenn central times, by 5:00 a.m. i had to scrap the whole thing rewrite it, took me a week. had to do it in an hour. we'll be able to pick that thing apart. there will be a little bit of bad news every now and again. it was so outstanding, i think i lost him. ashley: i can hear you. you're doing fine. keep going. we lost him? he was in full flow. no. we'll see if we can get scott back. i will ask him if this is one day blip or just a correction.

we'll see if we can get scott shellady back. put another quarter in the machine. another story we're following, the orlando -- world health organization says the pretty of covid-19 by people without symptoms seems to be rare. we have an epidemiologist. you're a founding member of the world health organization digital health roster experts. i want to ask you first off what do you make what is being reported by the w.h.o. and china and the guess question would be can we believe the w.h.o.? >> well i think it is not so much a question of believe but recognizing this is really preliminariry data. this is data they have gotten looking at countries doing a very good jobe at contact tracing and essentially trying to trace people who are asymptomatic and see if they affect other people this is one body of data, this is one data

set this contradicts some of the other studies that have been done. the most important thing to recognize this is preliminary date, really at least for the time-being will have no effect at all on our practical efforts to reopen. ashley: so you don't believe it is a game changer with regard to being perhaps freer to loosen up more restrictions that we believe? maybe this virus isn't spreadsly by people who are atom tick? >> well the tricky part is how do you implement that? for example, when i go to the supermarket i have to wait in line and wear a mask when i go in so they're limiting number of people. will the supermarket have a doctor examine me before i go in. do they have a questionnaire that i verify i'm asymptomatic before i go in and if i don't i have to wear a mask? that will take some time to first to verify the findings.

figure out how that affect what we're doing in hospitals, how does it affect we're doing in reopening, how does it affect what we're doing in nursing homes, et cetera. ashley: we get the latest information that contradict what is we thought earlier. it seems to happen a lot for covid-19. is that unusual or typical for virus like this? >> it is quite typical for science and medicine in general. the process which most people, essentially don't pay much attention to, usually happens more slowly, but if you do pay attention if you're a scientist or doctor, you see this happens with most things. whether it is cholesterol or what the best diet is or heart disease, et cetera, it is a year's long process for us to balance all the different studies that are done and different data comes in. we haven't had time to do this for covid. i don't think any reputable person from this from w.h.o. and saying this is the final word. ashley: right. very quickly we had a report

recently out of researchers in pittsburgh says the potency of the virus seems to be lessening. is that true, have you heard that, and is that typical of a virus. >> this is true that i've heard it. in fact i heard it from two different sources commenting on this but again the question is whether or not, whether or not subsequent studies will buyer this out. again this is all preliminary data. you simply can't turn the world and certainly not turn the united states or our reopening efforts on value of a single study, on results from a single study. so i think it's interesting. i think in some viruses this can happen but it remains to be seen whether it is happening with covid-19. let's keep our fingers crossed and hope this turns out to be true. ashley: exactly right. doctor, thank you so much for joining us to bring us up to speed. we appreciate it. >> always a pleasure. ashley: thank you. guess what? we found some quarters, we put

them in the emergency. we got scott shellady back. apparently his earpiece stopped working. scott, i wanted to get to you, comment on this, this private research group led by the nation's top economists say they have, quote, determined that a peak in monthly activity occurred in the u.s. economy in february of 2020. the peak marks the end of the expansion that began in june tween, beginning of a recession. they're saying the recession began in february before the virus took hold. scott what do you think of all of this? >> well, they're probably trying to justify their salaries. you know what? i think everybody would agree in the room that we've seen things happen so quickly that they might rewrite something again in march or april and have to go back in the drawing board, saying it all changed. we're going back in the other direction. to your other guest's point, really, one of the scariest things about the virus, a

asymptomatic person might not know they're spreading it, i can't see my parents, i can't go here. that is one ever the biggest fears. i think market got wind of that. why you saw the real big rebound, that made people feel much more comfortable. let's not forget a couple things. we lost 20 million jobs. 25% of our restaurants are gone. 33% of our small businesses are gone. there are still things we have to work through as bankruptcies and such but we're getting there. celebrate the good news when we get it. i have to deal with the fda all the time. they revise all the time. celebrate what the markets give you and move on. celebrate falcon 9 and move on. we're getting revisions but it is going in the right direction. ashley: always, always, an upbeat opinion. scott, i'm so glad we managed to get you back. we'll have more coins available next time you're on the show. >> i will bring mine too. ashley: you bring yours. very good. okay, well here we are laughing

but the market is off 632 points. we can't complain that much. we have had six straight days of gains t has been remarkable. a little bit of selling today, a little bit of profit-taking perhaps. look at apple and amazon if we can, both hitting all-time highs. how about that in this down market. amazon up 23 bucks at 25. apple up at 336. take a look at tesla, the stock down today down nearly $20 at 930. susan come in on this it has been a great run on tesla. susan: that's right. it hit a record yesterday of 949 and change and one of tesla's early investors says it could be worth 10 to 20 times that. there is very bullish call on the market. yesterday they showed they are coming back faster from china's covid-19 lockdown. sales in may tripled from april. we have wedbush's dan ives who is regular here on the show

saying china easing electric vehicle penetration could be worth $300 to the stock. in fact he has very bullish case of 1350 for tesla shares. ashley: wow. susan: we know tesla reported three straight quarters of profit. that would be 50/50, given what happened in the first three months of this year and three months from april to june, and whether or not they can produce a profit, if they do, this will be the key. they will be included in the s&p 500 which means index funds have to buy the stock. partly why you're seeing the huge run in the stock price. spacex success, china success and whether or not they can deliver 500,000 vehicles this year. ashley: elon musk has been on a good run. susan, thank you. we're following a couple of sectors selling off before were rebounding. lauren, you're looking at the travel industry right now. lauren: i am. back to reality. they were so oversold. look at jetblue, it is down 11%.

since the march low, jetblue has more than doubled. it is giving some back. the next test for the airlines does corporate travel come back because those are higher selling fares. that is the airlines. look at cruise lines whether you look at norwegian or royal caribbean. these stocks have more than doubled since the march 23rd lows. they're giving some gains back today. you still have a no sale order by the cdc. investors are saying, okay, back to reality. ashley: interesting. yeah, business travel jury is out on that, how quickly can that recover. susan, you've been looking at the big banks. financials have been doing very well. susan: especially people are looking at the faster recovery in the economy. these are proxy place. when the u.s. economy does well banks are doing well. it is on hold what will happen with the federal reserve meeting and what jerome powell decided to do. you notice a steepening in the yield curve for treasurys? that is how they price the

credits and amount of interest they charge on loans they dole out. when it steepens like this. they make more money per loan that they dole out. so people are hoping it can continue for the big financials. ashley: yep. more money on the loans. that is food for the banks. susan, thank you. president george w. bush making waves when it was reported he may not vote for president trump. apparently that was not true. why one member of his team is now sounding off on "the new york times." the battle over defunding police is heating up across the country. how both sides of the aisle are responding now. we'll tell you about employees at one major tech giant joining the fray. let's take a live look at fountain of praise church in houston. this is where the funeral for george floyd will be held two hours from now. the hearst scheduled to arrive around this time. vip guests will arrive an hour

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>> there won't be defunding. there won't be dismantling of our police and they're not going to be disbanding any of our police. the police let us live in peace. we want to make sure we don't have any bad actors in there. sometimes you see horrible things like we witnessed recently, but 99, i say 99.9 but let's go with 99% of them are great, great people. ashley: president trump says they won't be any defunding of police. as you could hear right there. this as the debate gets more

political. hillary vaughn joins us now. what are the democrats saying in response, hillary? reporter: ashley, what is interesting there is some friction between what democratic leadership here in d.c. wants and what some progressives in their caucus in congress want to see. congresswoman ilhan omar has been the most outspoken member to support defunding the police. her district includes minneapolis. she called the police department there rotten to the root. compared them to cancer. said they need to be completely dismantled. congresswoman alexandria ocasio-cortez has also been outspoken on the issue but yesterday house speaker nancy pelosi tip-toed around the topic and did not say whether or not she supported defunding the police saying it is a local issue. >> we can rebalance some of our funding to address some of those issues more directly but this isn't about that and that should not be the story that leads here.

reporter: presumptive democratic nominee joe biden is not mincing words, taking a firm stance against defunding the police last night. >> no. i don't support defunding the police. i support conditioning federal aid to police based on whether or not they meet certain basic standards of decency and honorableness and in fact are able to demonstrate they can protect the community and everybody in the community. reporter: there was a call yesterday, ashley, with house democrats who urged their members not to get into a debate over defunding the police. there was a concern that this could be a big problem for democrats on the ballot in november. ashley. ashley: thank you very much, hillary vaughn. by the way microsoft employees have reportedly called on the ceo to cancel police contracts and support defunding seattle's police. susan, got details on this story? susan: we know employee activism

is alive and well. we've seen it across newsrooms in this country. same thing for tech companies. that happened to be the true for microsoft. 250 employees signing a letter to the company's top executives including ceo satya far -- nadella. they ask that microsoft cancel contracts with police departments and other agencies, and to support black lives movement and calls for the resignation of the seattle mayor. this email was sent in the early hours of monday. addressed to satya nadella and the executive vp. we haven't heard microsoft come out forcefully supporting black lives movement. they have been working a lot with police enforcement across the country. they provide a lot of technology. azure and same thing with amazon. know that employee activism is alive and well at tech companies. really across america at this point. ashley: all right.

susan, thank you. let's bring in louisiana senator bill cassidy who joins us now to talk about this. senator, what do you make, i just can't wrap my head around it, what do you make of this push to defund the police? >> defunding the police would be great for robbers and rapists. the idea that can have modern society without police is absurd but it us also counterproductive. you can reform police departments those which has a problem like minneapolis clearly has, work for somebody better to community and favorability rices with the community. new orleans police department is a good example of that they put in training, for example, ethical policing that is courageous. if you have a senior officer on a beat with a rookie, the rookie has the right to put his shoulder on the senior officer's, his hand upon his shoulder, let me take over. this is going too far. if that had been the case in minneapolis, george floyd would be alive. you can make the departments better departments.

new orleans is example of that. otherwise don't give favor to rapists and robbers. ashley: it is often the most, low income communities are the most vulnerable and who need the police the most. i know there are those that say, no, we don't. that money should go to social services, mental health counselors, what have you, reality is, it has been said many times, in the middle of the night if you feel like someone is breaking into your home, you call police, you know, you hope they will be there to save you, help you. >> all this is not, all this is not mutually exclusive. the national sheriff's association will tell you that the number one trait of mental health and parish is the county jail or parish jail. they advocate for more dollars of mental health. they advocate for mental health to stay out of jail and productive with society. you're losing advocacy with absurdity defunding of the police. a program robbers and rapists

will like but no one else. ashley: change subjects, senator. talk about the fact you're working getting students back to school by the fall. i guess the first question is can that happen and safely and without any liability? >> it absolutely can happen. there are probably will need to be liability protection but if you look at the people who paid the highest price relative to their risk of disease it is young people. your only five once in your life where your brain is a sponge and you hear a word and it absorbs you know the meaning without somebody defining it for you. that five-year-old year of live is gone, that child doesn't learn. carefully affecting people from disadvantaged backgrounds. environments in many cases. that is who is most vulnerable. we need a strategy to get back, we figure out how to keep student and staff and student families safe. we've been working on that strategy. i think federal government needs to be very aggressive about

pushing out such strategies. ashley: yeah. it will be difficult because there are going to be parents who will be very protective. if they don't feel like the all the property steps are being taken, you could have classrooms only you know, a quarter full. >> yeah. a lot of schools are doing kind of a hybrid. if you feel like you need to school at home, you're welcome to school at home. that's fine. but, if you have a child from a lower income family where both parents are having to work to support the family, maybe without internet access that is not an option either economically or logistically. and, if you can do it safely, then the child can return. by the way, either we decide to shut down the economy for another 18 months in which case we'll be in depression or we begin to find these solutions. we're americans. we find solutions. it is time to find a solution. ashley: that is a great place to leave right it right there.

senator bill cassidy thank you so much for joining us, senator. >> thank you, ashley,. ashley: all right. as more states reopen president trump says he will rue assume his campaign rallies, his maga rallies. lauren the details. lauren: the signature rallies will resume in the next go weeks. where? we don't know. how we don't know but likely outside. i can tell you rnc officials went to savannah, georgia yesterday main having convention there. think a state that can have a lot of people likely in an outdoor arena. you know his rallies. they're huge. they're packed. that is where he hones his attack lines. ashley, it is also where he will hone his new message, the great american comeback. reopen the economy. get back to normal. he can do that if he has one of his signature rallies. ashley: very good. all right. by the way, also yesterday we told you about a report in "the new york times" that said president george w. bush would not be supporting president

trump in november but susan, spokesman for president bush says that just isn't true. susan: that is not true. the president would not get involved in the elections and would only speak out on policy issues as he spoke on the massive protests against police brutality. that u.s. should examine our failures. the former president george h.w. bush, back in 2016 saved they would not be voting for president trump. also this weekend we heard from colin powell, who was part of the administration for george w., he said he is voting for biden. mccain's daughter, we know that cindy mccain will likely, widow of also senator john mccain will be voting for biden according to these reports. mitt romney says he will not be voting for trump. president bush says he has not made any decisions, not making any announcements on that front. ashley: very interesting.

don't believe everything you read. susan, thank you. new york governor andrew cuomo trying to demonstrate how safe it is to ride the new york subways as city reopens. there he is, mask and all but the cdc has new guidance for commuters. we'll tell you about that. and this was the scene last week. looters terrorizing shops in santa monica california. i will speak with the owner of a music center who says everything was stolen or destroyed right before our eyes. dreadful story. the store nearly half a century old may never recover. we'll have her story next.

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ashley: riots hitting santa monica, california last week. armed looters leaving shop owners struggling to recover. the santa monica music center was among those and i want to bring in lana, a co-owner of the santa monica music center. thank you for joining us. you were there, you saw a lot of this looting. your own store i know was hit very hard. explain to me, you were on the beach i understand that afternoon with your kids and your husband. you come back and you are, you get to see the horror unfold in front of you. take us through it. >> so we were at the beach.

my husband said, his boss had called earlier that day from the fedex office, you guys might want to start hiding packages in the back. we started to check on the store. we walked home. we could see protesters and started seeing looting starting already on main street. we had to walk 14 blocks because my daughter's bike tire had been slashed. we walked home. we jump in the car. we pull up, right as we pull up, see a woman peering into the window, five gentleman trying to take a crowbar to the one of the back windows. i got emotional, made a u-turn, honking, screaming at them. please don't, this is my family business. meese don't do this at that point i texted a bunch friends. they came within five minutes. the businesses across the street said you need to stand outside of your business. it will deter them. they have already hit the pharmacy across the street. so a few friends stood outside while the rest of us frantically

tried to hide as much as we could. at that point there were small groups coming with backpacks. to be honest with you being out front was deterrent. seemed like young people weren't interested in violence rather than looting. as time grew there was cars coming. it was very organized. there was a large group of over 50 coming eastbound from 14th street five blocks away from us. as i went to go home really quick we had to turn back. i saw them looting a restaurant in the community that we love. i said to my friend, they're coming towards you. they told me there is already a group that is large coming the other direction. they just looted cvs. at that point a gun had pulled on one of my friends. he said i have to get out of here. so, unfortunately we had to watch, my husband parked across the street at that point. we begged him to move. he stood in front of the store as long as he could. i begged him to move because another gun was pulled out on another friend.

they told them to get out of there. so he filmed it. he face timed me. i watched from a distance and it was horrifying to watch everything you worked for. just 15 months ago i had put on a 0% credit card money to remodel, what i could afford to do. we watched it be destroyed in, i would say minutes but honestly there was groups much looters. there was three rounds of looters. they pulled up in cars, popped their trunks, smashed the windows. went in, looted another group would come. ashley: so where were the police, lana? >> nowhere to be found. we called 911 personally over 17 times. we had over people calling 911. at that point we were telling them guns had been burnished. it is now a armed robbery. at one point they told us they were dispatching us to pd you will not have anyone come out

there. they're inundated in downtown santa monica. if you own a registered firearm you're welcome to guard your own business but they're not going to send anybody. ashley: so the question, lana, is, you just reopened from the lockdown. can you, can you look to the future and can you reopen? where is your status right now? i don't have a choice. i have a family to feed. so this is my family business. this is my livelihood. i will continue to pivot but you know, we also operate a non-profit, outreach through the arts through that business. this took from a community but it also took from the kid getting free lessons from us and free instruments. for them, for the rest of the community, i have to pick up the pieces. i just don't know financially if we'll be able to sustain months down the road. sometimes there is an earthquake and everyone's focus is on that, but aftershock that is even bigger. i feel our industry, music, arts

small businesses will feel aftershock, and with insurance premiums going up, cost of rebuilding, repayment of any ppp loans received, repayment back of rents owed, all these things will impact us greatly. i don't know if mom-and-pop shops like ourselves will be able to sustain all of those coupled with the high rents in market we're in coming off of covid, now looting. ashley: right. lana, thanks so much for joining us. we feel very, very sad what you've fon through, for your loss. we wish you the very best for hopefully rebuilding, a building and a business you put so much time and effort into. lan narcs the best of luck. >> thank you for having me. ashley: all right. lana negrete, terrible story. santa monica music center, trashed, destroyed, looted. chicago they're trying to reopen following the lockdown and riots there. the mayor is saying businesses may just get up and leave.

let's bring in grady trimble on this story. reporter: ashley you see many businesses that were looted are still boarded up like this target behind me temporarily closed. the big question is, when or in some cases even if stores will reopen. on a phone call obtained by the local pbs station you hear several alderman for the city of chicago despairing that people won't be able to go to the grocery store to get food. they won't be able to go to the pharmacy for drugs they need after some businesses were destroyed. mayor lori lightfoot say she vows to bring these businesses back. listen. >> i don't know about you i haven't seen [bleep] like this before, not in chicago. it will take a herculean effort on part of all of us to convince businesses not to disappear. to come back. and we're prepared to fight that fight. reporter: it is going to be a

fight. you also heard on that phone call city council's black caucus members accusing the mayor securing and protecting the central business district of chicago at the expense of lower income south and west sides of the city. mayor lori lightfoot denies although there was extensive damage in those areas of the city. several walmarts also looted. we reached out to walmart. they said they plan to reopen at least one of their locations but ash, they're still deciding what to do with some others that are wiped clean. ashley: yeah. tough story. grady trimble, thank you so much, grady. left's take a look at the market. we were down some 400 points trying to make a bit of a comeback. the dow off 295. s&p and nasdaq also down. we've been down in this same sort of range since the opening bell which has been a little over an hour from now. took a look at signet jewelers. they have suspended a dividend and closing 150 stores. big first quarter sales miss hurting signet, down 15% today

at 14 bucks a share. also take a look at tiffany, talking about jewelers. the brand is closing manufacturing locations because of the virus but the stock though on the upside on a down day at 124 for tiffany. germany pushing back against the president's plan to pull u.s. troops out of that country. is this right move? we'll be asking former marine, johnny, joey jones next. as you head, heard earlier in the hour, president trump is heading back on the campaign trail. he is ready to restart his maga rallies this month but what's that going to look like. erin per reason from the trump 2020 campaign joins me next hour as a struggling actor,

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ashley: let's take a look at the markets for you after yesterday's 400 plus gain on the dow, the dow off 257 today. certainly off the morning lows, the dow at 27,322.

let's switch gears if we can to reports that president trump is planning to bring 9500 troops stationed in germany back home before christmas. what's germany saying about this, susan? susan: says they were completely blindsided by the decision first reported on friday. so we have berlin's coordinator for transatlantic ties saying this is completely unacceptable in germany's view. we have the u.s. and white house reducing troops, limiting it to 25,000. currently they have 34,000 plus. they're looking to reduce that, bring home 9500 troops before christmas. it looks like the pentagon is looking to do this just in the next few months. now senior u.s. official telling "the wall street journal" that this is not in retaliation for german chancellor angela merkel decision not to attend the g7 meeting in washington, d.c., and talks will continue, people see this as a complete breakdown of atlantic ties, u.s. turning its back on its allies but the u.s.

and president trump said before nations around the world have to take up more of their own defense and take up more of the funding for their own defense. some say this leave as gaping vacuum and a hole, possibly for russia to flex their muscles. ashley: susan, thank you. by the way the president looking to bring home troops from afghanistan before november as well. we asked general jack keane about that last week. take a listen to what he said. >> to do it prior to november, or around that time frame i think i can speak with some confidence, stuart, for our military commanders, that they, they would believe that that would be unnecessary risk to our soldiers and produce casualties in attempting to make that quicker withdrawal and not have all measures in place to protect the forces as we withdraw. ashley: let's bring in johnny,

joey jones, "fox nation" host and retired marine bomb technician. johnny, great to have you with us. is this good policy or good politics? what are your takes both on afghanistan i guess and also germany? >> well it is absolutely politics on both sides and a little bit of policy too. it is very important to separate germany from afghanistan here. own one side you have president trump signaling to europe what his intentions are as far as he is not going to leave some things untouched when he is negotiating with europe as presidents have in the past. on afghanistan it is a little bit different. i think american people are in a place now where we really don't trust our leaders on this issue and it is almost, it is almost a position where we have to bring our troops homes to see if they were keeping us safe over there. that is a terrible place to be in. it us a result of multiple presidents and leaders speaking out of both sides of their mouth, they tell us they have won the war but they say we have to leave troops there to keep it from happening again. it is kind of this vicious

cycle. i'm not opposed to president trump shaking that up if he is doing that with intelligence and foresight. unfortunately most of us in america don't know if that is true or not. ashley: yeah, it is a difficult one, isn't it? the president had told, part of his campaign platform back in 2016 that, look i'm going to bring troops home but to general keane's point, to the point you just made johnny, that does leave a vacuum, sends a message to the enemies to wait it out and room to move back in. >> the knows honest politician on this issue, is lindsey graham. he said all along he doesn't feel like troops are ever coming home from the middle east. comparatively to japan, germany where those countries don't have a standing military we stayed there. that was a very different situation a time time ago. that is not the commitment our country made to keep troops there. seems administrations are stringing along, hoping americans will just accept that.

as far as my opinion on it, i can see how it is helpful but i think it should be a honest conversation and congress should be more involved than they are. ashley: while you're here, johnny, tell me about your new show on "fox nation." it's "fox nation outdoors." is there a lot of camouflage involved? >> there is, ashley. you can see, not much more than my face for most of the show. i go hunting all over the country and experiencing the outdoors and nature in a way that is truly breathtaking and really reminds you what life is all about. we get wrapped you in technology and stresses that don't matter much. good to take a couple days off to enjoy. if you're a hunter you will love this show. if you're not a hunter, you will enjoy it anyway, you will learn a lot. six remarkable guests have inspiring lives, done amazing things. this is how they take a break to reset themselves. some have gone through tragedy recently. guests like randy couture, ted

nugent and nascar driver kurt busch and it is a lot of fun. ashley: i would say, ted nugent, there is a guy that likes to get out into the outdoors, right? >> if you film a tv show with ted nugent, it doesn't have a million sound bites you have done something wrong. he never lets up. he speaks his truth, that's for sure. ashley: johnny joey jones, we really appreciate it. good luck with the program. viewers tune in, it will be great. speaking of the great outdoors, lauren, oregon will allow camping in state parks starting today, whoo-hoo. lauren: you can go camping in oregon for the most part. starting today, there will be restrictions. you have to be responsible. be careful when it comes to garbage. there is fewer staff, so it could get pretty dirty. nonetheless, you can start doing it today in limited capacity. ashley, no surprise, you have

never been camping but we bought a big tent for our backyard which we still haven't done yet. my neighbor looks over the fence to see if we're actually camping. but tent sales are through the roof, not just from consumers like me but also from restaurants and retailers who are bringing their business outside so they can have a business amid coronavirus. sales are through the roof. it is difficult to get a tent. it is added cost to the business but great for the business that is selling a tent, right? ashley: i guess so. lauren simonetti, no tent, but perhaps four seasons. that would work i'm sure. lauren, thank you very much. lauren: sure would. ashley: sure would. day two of new york's reopening. here is what times square looks like right now and, yep, cricket, cricket. not many people out there. a few folks walking around, not even much traffic. that is not the times square we all know that is for sure. but day two of phase one of opening in new york city. that is how times square looks

right now. up to 400,000 workers returning to work by the way this week. we have new cdc guidelines on the subways. will that help or hurt the recovery? we'll get into that. we brought you this story yesterday. an iconic new york pizzeria says it is time for life to go back to normal. they are defying the governor's orders, and they will join us in the next hour.

ashley: all right. let's check the market. we're watching nasdaq touching an all-time high yet again. it is on track for a second straight record close after closing at a record high yesterday. now it is back on track. however, you can see the dow still off 154 points. we were down as much as 400 plus. and s&p down just half a percent. maybe we can start turning things around. we'll see. new york governor andrew cuomo hopping a ride on the seven train. publicity stunt, photo-op. susan, what was it all about. susan: exactly what it was, a photo-op, phase one reopening new york. 200,000 to 400,000 getting back to work mostly in retail stores, factories, construction sites in the city able to return to work.

cuomo ride the subway. the subways with being cleaned from 1:00 a.m. to 5:00 a.m. there is reduced capacity in train stations also trains and buses. cuomo is still under fire for some of the, some of the deaths that occurred in these retirement homes across the state. might take an opportunity to celebrate the reopening at least for phase one. ashley: he did it mask and all. the subway may be fine for the governor but the cdc advises that the safest way to get to work simply is it drive. take a live look quickly at sixth avenue here in new york city, very quiet still. let's bring in jerry skill let. he is the executive chairman and cofounder of spaces usa. are you seeing, jerry, more demand for parking? could this be a boon for the parking companies? >> well, what is changing is it depends on the part of the country but with the cdc regulations or at least the guidance i think we're going to

see a lot more people driving to work than we did pre-covid, particularly in areas like new york and san francisco. ashley: so how can you make it safe? it is all about confidence. how can you make people feel safe when they park their car, someone else parks it for them? >> well, i think that, you know, what we've concentrated on, our technology, we just make it easier. we have a technology that's mobile based. it is touchless technology. so when you enter park, pay and exit by your mobile phone, so you don't have to touch anything. i think that is something that was needed, needed and here it is. ashley: yep. jerry, i'm so sorry. it was so quick. we got the message loud and clear. jerry skill let. thank you. more "varney" after this. want to brain better?

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relieving pressure, bloating, and discomfort before you know it. so no one needs to know you've got gas. gas-x ashley: it is 11:00 a.m. on the east coast. the markets are down but we have cut losses nearly in half. at one point the dow was down more than 400 points. right now, off as you can see by 189 points. the nasdaq, by the way, just hit another all-time high. i'm ashley webster in for stuart today. he will be back tomorrow. also happening right now, crowds gathering in houston, texas for the funeral of george floyd. he died in police custody in minneapolis on may 25th. his death has sparked protests from coast to coast and around

the world, for that matter, with people calling for an end to police brutality and racism. now this. president trump reigniting his campaign rallies after months in the dark. let's bring in erin perrine. trump 2020 communications director. erin, will social distancing be in effect once we get these maga rallies going again? how is that going to play out? >> well, there are a number of factors that are being taken into consideration as we begin to ramp up in-person campaign events. there's nothing like a trump rally. we are excited to get back on the road, connect with voters and bring new ones into the fold. they are still making considerations on venues and cities and safety protocol but as always is key for president trump, the health and safety of the american people remains his top priority. ashley: we mentioned the polls. we do this every day and i know what the president thinks, the cnn poll had joe biden up 14

points nationally. i mean, look, when do you start to take these polls seriously or don't you? >> maybe we would take that cnn poll seriously if it was an actual serious poll. it's a blatantly manipulated poll to try and make joe biden look like he has a lead when in fact, he doesn't. not only are they polling people who are not even registered to vote, they are not even looking at likely voters in this poll. they actually undersample republicans in this poll. with the president who has such high record enthusiasm within the republican party, any poll that undersamples republicans is doing so to try and make joe biden better. so the question of cnn is why would they put out such a bad poll, one that is so inaccurate, it's to try to make joe biden look better. we know that when president trump goes head-to-head against a defined joe biden he wins every time. joe biden's policies are bad for america.

you look at the transition to greatness under way with president trump. 2.5 million jobs created. we know where the contrast is. we are ready to paint it and we know we are fighting for victory for president trump again in november. ashley: that's the main message and certainly it was the economy coming into the year that was going gangbusters. then we had the pandemic which essentially shut it down. now we are trying to get the recovery up and going and the last jobs report was stunning. is that still the message from the president as we head into the last five, six months before the general election, it's all about the economy and jobs? >> the only person who can get the booming trump economy going again is president donald trump. we know that for a fact. joe biden oversaw the slowest economic recovery since world war ii when he was vice president of the united states. you know that president trump has built a strong economic foundation with his policies including tax cuts, opportunity zones and giving america less

business regulation to boom. we know president trump can rebuild that economy again. we are on our way to do it. when it comes to a free, fair and strong america, president trump is the man to get the job done. ashley: well said, erin perrine. thank you so much for joining us today. much appreciate it. >> thank you. ashley: thank you. all right. let's get a quick check on ibm, if we can. we have been seeing reports of them backing off on efforts to develop facial recognition technology. their ceo saying not going to do that anymore. the stock down 2.33% at $132. what about macy's? the chain store, the department store says they have reopened stores and are doing better than anticipated. that's good news. the company just raised $4.5 billion to pay off some debt, both positive news. it was up earlier but now slightly down at $9.48 on

macy's. now let's take a check of overstock.com. they are an online furniture dealer. andrew left is here, citron research. great to see you. now, listen, i will give you a victory lap here. you said buy overstock at $12. now it's basically $23. great call but give us another one. >> i try not to come on and give you the good old facebook, amazon, microsoft. maybe some out of the realm calls. what made overstock interesting after wayfair and restoration hardware was that the move we had to stay at home and the importance those stocks will play over the next few years, regardless of the virus. people are finding home is the new sanctuary. so with that, i have been buying shares of sonos. for people who know that as a consumer, they are a leader in home music. they have completely outpaced

amazon, google, who want to actually own your home, and apple. they are doing a wonderful job. they are trading at a fair price. this week they actually launch a new product, called the arc which will add tremendous value. it's probably the best surround sound system out there. as people find they are not going to go to the movies, they will stay at home, maybe they won't go out and eat more, but stay at home, they will start improving their audio-visual and you have sonos. we have already seen the movement in other stocks. wayfair went from $40 to $170. restoration hardware is up 80%. so let's look for at-home stocks that are not yet moved. ashley: love it. great stuff. i have sonos and i love it. as a consumer, i can say it is very very good. by the way, you say it's not all about what you're buying but what you're not buying. what do you mean by that? >> very important, do not chase

the hot stock of the day. we see retailers going mad right now, with no sports right now, stock trading has become the new national pasttime. carl icahn was selling hertz at 75 cents last week and retail investors are buying it at $4. warren buffett was buying american airlines. there's a stock out there, nikla, they never made a car, and they are worth more than ford right now. it's a complete joke. if your friend, nephew, son gives you a stock tip, these stock tips that retail investors are chasing are probably not good. stick with companies that are solid and you know. ashley: andrew left telling it as it is. i got a number for you from the world bank. it says the virus will give the global economy its worst hit in 80 years, a growth contraction

of 5.2%, but the markets, despite all of this, have been rallying. do you think that will continue or does the steam run out once the federal aid runs out? >> i mean, the steam has to run out soon. it's not good. the health of our country cannot just be judged on the number of the s&p. we have to look at small businesses, we have to look at employment. so the move by the fed to keep the stock market propped up is really just helping out the wealthy and it will cause more problems than we are all facing right now, on top of the fact globally we see a contraction of growth. it's going to happen, but picking the top of when it does happen is very difficult. almost impossible. so until then, you just buy companies that you can buy lower. i own amazon, if it goes down 100, 200 points, i will buy more m ason amazon instead of trying to pick the top of the market. ashley: are you confident at the end of this year going into 2021 generally?

>> i think the market's lower. that's just where i am. i just happen to think it's lower. there's really not much more to be done by the fed to push it up. the focus should now be on getting american business, not necessarily american public companies, higher. the credit markets are doing just fine. i just don't -- i think we have been a little overoptimistic the past month. ashley: you were doing great up til then. okay. that's your opinion. we will have to wait and see. great stuff. >> just one thing. by the way, in order to make a market cap go up, it has to go down. people have to look for opportunities to buy. we can't let our biases get in the way of understanding the nature of any markets. that's very important. it's a healthy market. ashley: it is a healthy market indeed. andrew left, great stuff, as always. thanks for joining us. much appreciated.

next one for you. tesla one step closer to turning their cars into robotaxis. susan? susan: very close to that record high stock price once again that hit 9.9 and change. we know elon musk, big thinker, he knows how to advance projects and also how to use those products into new product lines and new businesses so on the earnings call in the first quarter he says what about robotaxis in the future, that could be operational, he says, by the year 2021. and tesla is taking its first step in this capability. so now the rollout of this new car access feature which allows an owner to grant people access to their vehicle, you can locate the vehicle, you can unlock it and the remote starting of the car as well. so we also know full self-driving which goes up in price to $8,000 starting next month, is also part of this popup robotaxi feature in the future so the car self-drives itself. however, technology and the software has to really catch up with the physical capabilities.

that's just something out there for 2021. i think that timeline is a bit aggressive. ashley: maybe. has to catch up with elon musk's brain. what about the model y production? susan: this is making some news today. the blog, the car blog called electric, got ahold of a leaked e-mail from elon musk and he said there are production and supply chain ramp challenges with model y and as it is always with new products. however, a lot of analysts, including wedbush's dan ives, says if you look at it, the model y has probably been the most successful tesla ramp in its history. they had production problems with the model 3. model y has actually been doing better and this crossover has been very well selling as well. so maybe there's a bit of shall we say lag given the fremont shutdown during covid but a lot of people are still expecting model y to do very well in sales and also in deliveries. ashley: interesting stuff. susan, thank you very much.

now let's take a look at one of my favorites. cheesecake factory. as you can tell. lauren, more positive reopening news, right, from them? lauren: it's almost lunchtime. i'm getting hungry. yes, stock's down 6% today. because if you recall, in the wake of the pandemic they closed all their stores. they furloughed 41,000 workers. it was bad. well, they have started to reopen. they now say by mid-june, they want 124 or about half of their locations open with limited capacity, of course. i can tell you this, last week they said for the 34 stores, 34 restaurants that have reopened, they reclaimed 75% of their 2019 sales. so reopening has been good for cheesecake factory. the stock has been up a lot. it's giving back some of those gains today. ashley: all right. very good. thank you very much, lauren, on the cheesecake factory. let's move on. new calls for nfl teams to

actually sign colin kaepernick, who has been sit onniting on th sidelines now for three years after fallout from his national anthem protest. some supporters say signing him back would show the league is serious about racial issues. we will be asking former nfl star tiki barber what he thinks about that later this hour. and a new york city pizza place opening up despite strict lockdown rules. the owners say they are just fed up with the city's leadership and they are going to be on the show. and president trump speaks out as calls grow to defund the police. >> there won't be defunding. there won't be dismantling of our police. and there are not going to be any disbanding of our police. ashley: next we speak to a congressman who is also the son of a life-long nypd detective. he says defunding the police would be a disaster. we'll be right back.

completely dismantle the minneapolis police department. >> we will be moving funding from the nypd to youth initiatives and social services. >> no justice, no peace! ashley: well, you heard those growing calls to defund the police. it's becoming a central talking point for the left. let's bring in pennsylvania congressman dan meuser. congressman, you are the life-long son, your father was a life-long nypd detective so you know better than ever the role the police play. i mean, explain, you know, what do democrats not understand about the reality of actually

taking money, dismantling the police force? >> yeah, hey, thanks, ash. good to be with you. yeah, my dad a number of years back as a detective, and look, the blue line is the difference between hostilities and civility. you know, the left has had some bad ideas but you never improved liberalism with more liberalism, i'm sorry to say. the idea of defunding our police force is absolutely terrible idea. you know, this thing started, we all agreed it was an absolutely awful tragedy, all the police chiefs throughout my district, my dad, others, philadelphia policeman i spoke to said this officer deserves to be tried for murder, this is terrible. then the whole cause got hijacked. matter of fact, i met an african-american minister at a protest and he said my cause has been hijacked by these rioters and looters and this crazy idea

of defunding the police. ashley: yeah. you would agree perhaps that there is need for reform, another look at how training is conducted and who becomes a police officer. i mean, that's a separate issue. but to defund is one extreme too far, surely. >> we all know the vast majority of police officers are great people, men and women. they are trained, care. i was at this peaceful protest, for the most part it was peaceful, and the police officers there, these young men and women, had sadness in their eyes because people were calling them murderers and saying blank the police and here they are in gear and they wake up every morning to truly protect and serve. yes, we need solutions. defunding the police is only going to make the situation worse. and it's a [ inaudible ] that sometimes that's what they want to do but let's think

positively. let's think about solutions. yes, we need transparency. when there's so-called police brutality or a grievance filed, we need accountability. what was chauvin doing still on the force after 18 grievances on record, right? really bad ones, too, ash. he chased down a person with others and the guy was killed and he once shot somebody twice in the abdomen. [ inaudible ] and we need better communication. yesterday, the president of the united states, president donald j. trump, had, had stake holders, had the peace makers who want to be peace makers in his office. we need more of that on the local level and i know we all want to be a part of it. we want to be part of the solution, not continuing this problem. ashley: yeah, absolutely. i want to switch gears, if i can now, congressman. you want to crack down on

virus-related scams. the ftc says 20% of phone and internet customers have been affected by these scams which is dreadful. so the question to you is what can we do about it? >> well, first thing we got to do is message. we have already had well over 50,000 scams, attempts, anyway, on record where people report. very often it's older folks, they are being told that they need their bank account information in order to send them recovery funds so first thing we need to do is send a strong message and secondly, put them on notice that if they scam during this crisis, the penalty is going to be far more severe than it was before and we are coming after you. i was very happy the congressman from nassau county is the co-sponsor with me on the scams act. scams act is against swindlers, con artists and manipulators.

you do that to the good people during this crisis, we want them to know we're coming for them. ashley: good. get that message out there. congressman dan meuser, thank you for joining us. we much appreciate it today. thank you. >> thanks, ash. ashley: all right. let's check the mortgage lenders. lauren, you've got some news on millenials? they're not buying homes because of the virus, right? lauren: yeah. the coronavirus has delayed their dreams, if they had a dream, of home ownership. this comes from a survey from realtor.com. they find two things. first of all, they have had to use their savings and second of all, the rules have changed. look at this. the down payment now required because of the stricter mortgage rules is 20%. the average millenial was paying about 8% for the down payment. at the same time, realtor.com also finds that it would take four years, ashley, four years to recover six months of lost wages. so if a millenial is out of work and they have to use their

savings for six months to get by, it would take them six months to recover those lost savings. ashley: that's quite a mountain to climb to get that down payment. it is difficult, no doubt. lauren, thank you. one more check, if we can, on sonos, the home music system. take a look at the chart, if we can. it was a huge spike right after we spoke with andrew left. we can just move the prompter up just a little bit, that would help. let's have a look. if we can. sonos according to andrew left was going to be perhaps a buyout target of one of the big tech companies. he said it's a great company and he said it is perfect i think it was around 11 or 12 bucks, i believe. anyway, interesting stuff. let's take a break. we'll be right back. now more than ever, you need technology you can rely on.

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when this crisis is don'going to be over and we don't know exactly when the stock market will reach its bottom, we've got to be prepared for this to last a long time. if you assume that you're out of work for nine months but you end up only being out of work for... ashley: all right. let's take a look at these markets one more time. we have been trying to come back. the dow off 221, the s&p down just a little more than half a percent but the nasdaq, still on the upside, in record territory at 9947. also, let's take a look at boeing. they just delivered four jets in may, cancellations doubled the numbers of orders. that's the bad news.

the stock has been on a tear recently, down $9.41. boeing at $220, down 4%. also, take a live look, if we can, in houston as crowds are gathering for the funeral of george floyd. he died in police custody in minneapolis on may 25th. his death has sparked protests from coast to coast, around the world, actually, with people calling for an end to police brutality and racism. that's a live look in houston. also let's take another look at capitol hill right now because tomorrow, the house judiciary committee will be holding a hearing on police brutality. let's bring in congressman jim jordan, the ranking member of that committee. great to have you, congressman. >> good to be with you. ashley: give us a preview of what that hearing is going to be about. >> well, we are going to hear from some -- we are going to hear from george floyd's brother. we are going to hear i think from some other individuals who had people who were harmed and

killed during the riots as well as people across the spectrum but the idea is, you know, look, accountability, transparency, those are the things that we need and so we're looking at how maybe we can work together, put together some legislation. tell you what we're not for. what we're not for is this crazy idea of defunding the police and what they're talking about in minneapolis which is getting -- disbanding the police department. you want to do harm to real communities, you do that. i'm sure that will be part of the discussion tomorrow as well during the hearing. ashley: i'm glad you brought up minneapolis, because i want to get your reaction to not only the fact they want to dismantle the police department, but they say it's white privilege, white privilege to call the police. take a listen. >> what if in the middle of the night, my home is broken into, who do i call? >> i hear that loud and clear from a lot of my neighbors and i know and myself, too, and i know

that that comes from a place of privilege, because for those of us for whom the em is system is working, i think we need to step back and imagine what it would feel like to already live in that reality where calling the police may mean more harm is done. ashley: i mean, you know, look, that was lisa bender, president of the minneapolis city council. you know, it's the low income neighborhoods need the police the most, and to say that it's a white privilege to call the police and that other people will be frightened to call the police, i don't know, i mean, maybe in some neighborhoods but to me it just seems so extreme. >> it's insanity. there's no other way -- this is the craziest idea i have ever heard and it will harm those disadvantaged communities the most if you do not have a police department who can respond and deal with bad people who are in parts of our -- in our communities around the country so this makes absolutely no sense. the american people get it. the american people understand that the tragedy that happened to george floyd is as wrong as

wrong can be, but they also understand that defunding the police and not having a police force is as crazy as can be as well. so this is the part i just can't figure out. let's work on solutions, let's work on ways to make these communities, to help these communities and make sure that there is the proper treatment of african-americans by the police force, let's do that, but this concept makes absolutely no sense. understand where the democrats have been. this is an example of today's left. they started this congress off by saying defund i.c.e. they then moved to no, let's defund the entire department of homeland security and now they're talking about defunding the police and abolishing police departments. it is complete craziness. we should not go there. let's have a productive debate and let's do common sense things and let's remember that the vast, vast majority of police officers risk their lives every single day to protect our communities. they are obviously like any professor, there are some people who do things wrong and do things that are terrible like happened in minneapolis but the vast majority are great people who protect us every single day.

ashley: absolutely true. no one hates a bad cop more than a good cop. there's no doubt about it. congressman, i want dhooito cha the topic, if i can. the world health organization now reporting that asymptomatic spread of the coronavirus is, in fact, rare. so you know, does that -- is that a game changer? can we just end these lockdowns completely? i mean, to me that's a big, big announcement. >> yeah. one of the many things that the quote, experts have had wrong about this coronavirus. the bottom line is it's time to get back to work. i mean, the great american comeback has started. we saw the job numbers from last month. you open up this economy, we will get back to work. president trump had it before. taxes cut, regulations reduced, the economy was growing like crazy, lowest unemployment in 50 years for all segments of our population. so let's get back to that and the way to do that is open up our economy, let this great american comeback happen. it is time to reopen things, particularly as we learn more and more and as we learn that the experts had so many things wrong when we initially went into this lockdown three months ago. ashley: absolutely.

congressman jim jordan, as always, great stuff, congressman. thanks for joining us. >> you bet. thank you. ashley: all right. new york city, by the way, is reportedly considering using, what, let's see. they are considering using -- they are using what? there you go. drones to monitor coronavirus spread. there we have it. got the prompter back. kristina partsinevelos live in manhattan. what's the plan? kristina: right now, we are start toing sing to see the reof new york city and that means health and safety is of utmost priority for a lot of officials and people here. that means some city officials are weighing new technology that could come with a cost of personal privacy. these are called pandemic drones. they are made by a canadian company called dragonfly. they hover about 190 feet above your head. they can detect if you have a fever, they can detect your heart rate, your breathing rate. they have speakers to tell you to back away if you are standing

too close to your friends. they were first enacted by the westport police in connecticut. they had some test drives over there but there was a huge public outcry over privacy concerns so the westport police scrapped those plans. nypd police, though, is looking into it. they haven't denied contacting the westport police. i spoke to one drone expert as well as attorney and he said it's a balancing act between maintaining the public health as well as maintaining your individual privacy rights. listen in. >> with any new technology, there are going to be privacy concerns and of course, some of those concerns are well founded. it's always a test of weighing the risk, weighing the privacy invasion against the public good. kristina: i spoke to a contact at the federal aviation administration. they said so far, the nypd, new york police department, has not put in a request to start flying

these drones but they don't really need a waiver to hover right above you. and according to dragonfly so far, these drones aren't designed to identify people. back to you. ashley: yet. all right, kristina. very good. interesting stuff. let's take a look at apple and google, if we can. susan, their digital assistants are advocating for black lives matter, is that right? susan: artificial intelligence powered voice assistance, whether alexa, google assistant or siri, they have an answer to the question do black lives matter. let's listen in to what amazon and alexa have to say on this matter. >> alexa, do black lives matter? >> black lives matter matter. i believe in racial equality. i stand in solidarity with the black community in the fight against systemic racism and injustice. to learn how you can take action, i recommend visiting

blacklivesmatter.com and naacp.org. susan: now, as for the question do all lives matter, here's siri's response. it says all lives matter is often used in response to the phrase black lives matter, but does not represent the same concerns and to learn more about this, they give you the url, the website link. as for amazon's alexa, when it comes to do all lives matter question, alexa says i think everyone deserves to be treated with fairness, dignity and respect. but you know, these artificially powered voice assistants usually get on top of these political questions. for instance, in hong kong when my friends asked them whether or not hong kong is still part of one country, two systems, apple siri says no longer. ashley: very interesting. susan, thank you. by the way, the nfl is gearing up for their return to the gridiron with face masks in tow. the league announcing new safety precautions including social distancing in locker rooms.

how are they going to do that? tiki barber played for ten seasons in the nfl. he's coming up. we will ask him how will that plan work? and take a look at this. the company invents a new pizza plate designed for and the prompter is stuck again, invented for -- designed for what? social distancing. how about that. a new pizza place designed for social distancing. more "varney" next. right now is a time for action. that's why usaa is giving payment relief options to eligible members so they can pay for things like groceries before they worry about their insurance or credit card bills. discover all the ways we're helping members today.

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ashley: all right. let's take a look at these markets. we have been down more than 400 points on the dow today. we're not that, but we're still down 279, 280 points. the s&p also down .75% now at 3207. only the nasdaq in the green and that is up nearly 20 points at 9944. by the way, big news on the reopening. the eiffel tower if you want to

fly to france, the eiffel tower in paris set to reopen on june 25th, just a little more than two weeks away. more signs of trying to get back to normal. check rh, formerly restoration hardware. lauren, they are getting into hotels? right? lauren: yeah. hotels and residences. it's called rh guest houses and rh residences. they are turnkey fully furnished. here's the thing. rh is doing what so many other companies are not doing. they are expanding their brick and mortar footprint. they say they need a gallery, they need these hotel rooms to inspire you to want to buy their furniture. so they are moving in the opposite direction of so many retailers that are going online right now to truly be a lifestyle brand. i have to say analysts are cautious here. ubs says look, this is complicated and it's not like their core business of selling furniture is humming right now. stock down slightly but right near a high. ashley: very good. but it's complicated. also, lauren, big news from

airbnb? lauren: well, axios is reporting they have revived internal conversations about having an ipo or a direct listing in 2020, encouraged by what they're seeing. we are expecting vroom to start trading any moment now but also from warner music, zoom information. airbnb after the huge bookings they saw recently, pent-up demand, people wanting to go somewhere, particularly domestically, they have reportedly revived their ipo discussion. ashley: okay. interesting stuff. thank you very much, lauren. time for pizza. why not. let's go to new york where one pizzaria is reopening despite forced coronavirus shutdowns. gentlemen, thank you, you are owners of grimaldi's brick oven pizzeria. sounds wonderful. anthony, let me go to you first.

you are fed up with the city's leadership. make your case. >> no, no. the leadership, with this economy right now, it's hard to say what's good, what's bad. it's nearly impossible. the city is holding its own. the only thing now is right now, we are doing takeout. we are only doing takeout. we are doing uber eats. we are going to survive. but we had to close down again because of the riots which was devastating. the police department did a phenomenal job. but it's really, really hard. i think we'll be okay. we always come back. the city of new york always comes back. we are going to come back stronger. ashley: well, frank, let me ask you, what about your employees? how are they surviving during this? >> well, we have been doing our best to keep them employed and

giving them their pay and everybody's got to make a living. the pizza guys, the kitchen guys, they have been great. but we want to make sure our customers, when they come to our store, to either pick up their pizza or have the pizza delivered, they have to feel safe. for them to feel safe, we need the police department doing their job, we need the mayor to do his job, and we need the governor to do his job, as well as our president to do his job. so very simply put, if everybody does their job, everybody will be happy eating our pizza. we are the number one pizza in new york and we want to keep it that way. we are in 160-year-old church where we make our pizza. we got to keep the tradition of the church and the pizza going. ashley: anthony, you going to reopen all your locations? >> okay. this is the old -- the limelight

church that we made it into a pizzeria. so this is like an icon to the city. we have people that come from around the world, as soon as they get off the plane, they come directly to us. they say take us to the pizzeria that's in a church. ashley: that's right. >> anthony and i, born and raised new york, okay. we see manhattan, our hearts break. we drive through the streets, there's no traffic. that's terrible for manhattan. anthony and i have one objective and that's to make manhattan great again. once manhattan is great again, america will be great again. without manhattan, america cannot be its old self. ashley: no way. well, anthony -- anthony and frank, you are great guests, guys. we thank you so much for taking the time to chat. we wish you the very best of luck.

the church that makes the best pizza around. guys, we hope you get back to normal as soon as possible. thanks so much. >> thank you. bye-bye. ashley: thank you. we would never have guessed they're from new york. let's check disney. an update with disney cruises, lauren? lauren: i actually thought it was brooklyn, not manhattan, that they were from. disney cruises, i'm a new yorker, additional sailings through the fall, as far out as october. if you were hoping fingers crossed that you could take the kids on a disney cruise, you got to wait longer. however, if you were booked, you get a future cruise credit. it's happening. we're just not sure when. ashley: all right. but you know, hey, could be fun. maybe not for me but -- lauren: one more for you, ash. ashley: go ahead. lauren: really quickly. i forgot to do one of my stories. maybe i'm drinking. i'm joking. southwest, people like to drink on flights, if you are a frequent flyer and get that free drink coupon, and you're not

flying so you can't use it, it's the little things, they are now extending your use of the free drink coupon until the end of the year. ashley: little crumb of comfort. i love it. all right, lauren, thank you very much. moments ago, new york governor andrew cuomo saying he hopes to sign police overhaul package into law this week. also, fresh controversy over kneeling for the national anthem as protests grow from coast to coast. roll tape. >> the president is very much against kneeling in general. the president has made clear for years that kneeling is tied to our national anthem, that it does not respect our military men and women across this country. ashley: former nfl star tiki barber will join us next to respond. more "varney" after this. you say that customers make their own rules.

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we the national football league admit we were wrong for not listening to nfl players earlier and encourage all to speak out and peacefully protest. we the national football league believe black lives matter. ashley: all right. that was nfl commissioner roger goodell backtracking the league's stance on anthem protests. president trump not too happy, responding with a tweet, saying

could it be even remotely possible that in roger goodell's rather interesting statement of peace and reconciliation, he was intimating that it would be now okay for the players to kneel or not to stand for the national anthem, thereby disrespecting our country and our flag? that was the president's response. let's bring in former new york giants running back tiki barber. my, oh, my, interesting times. tiki, what's your take on mr. goodell's statement? did it ring true or was it hollow? >> well, no, i think it does ring true and i think it's the right move for the national football league at this point. we know that four years ago in the wake of colin kaepernick taking a knee that the nfl got it wrong and history was going to judge them wrongly. it usually takes awhile for us to figure that out, but because of what's going on in this country and the protests and the repeated injustices against black individuals or people of color in this country, it's

re-risen and the nfl has a chance to get it right this time, mostly because their players stood up and want their voices heard. so commissioner goodell is backtracking on what initially was a prohibition against kneeling. i think it's the right thing to do. look, with all respect to those who want, you know, people to stand and hold their hands against their heart and respect the flag, this isn't about the flag. it's about people's right to air their grievances with peaceful protest and that's what we have been seeing over the last two weeks now in this country. ashley: you know, the nfl has unveiled some new coronavirus guidelines, tiki, including social distancing in the locker rooms. i mean, is that possible? >> no. it's funny, because when i first saw those protocols, the thing that struck me is how in the world are you going to do that? guys are close, there is

intimate contact and obviously you are going to do your best to protect them from the coronavirus and if anyone gets sick, then the protocols have to be clearly established on how to mitigate the spread, but locker rooms are not, you know, segmented. it's a free-for-all, you know. it's dirty, kind of disgusting. they're going to do their best. that's what's most important. they're going to do their best. ashley: dirty and disgusting. we have to leave it there. i'm so sorry this is short time with you, tiki. you are always such a great guest. thank you so much for joining us. much appreciated. >> my pleasure. ashley: thank you. more "varney" after this. aren't made here anymore. those people should make a trip to michigan. or kentucky. or illinois. where you'll find our workers and dealers and engineers and technicians. building for america. .

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