nuclear family, i think this is a really bad place that we're going. maria: dagen? >> 3% of apple's leadership is black. tim cook likes to talk. let's act. maria: yeah. that's true. all right. have a great day, everybody. that does it for us. thank you, everybody. right to stuart varney we go. "varney & company" begins right now. stu, take it away. stuart: yes, it does. good morning, maria. good morning, everyone. president trump and the republicans are going to run a traditional election campaign. their planning puts them out front of the democrats. it's not going to be quite the same as 2016 but it's going to be fairly close. for that convention site, the gop is looking at five cities which will allow thousands of delegates to attend in person. jacksonville, florida appears to have the lead over phoenix, dallas, nashville, savannah. the democrats have not yet settled on a format for their convention. here's another traditional item. the trump rally, making a

comeback this summer. the election campaign getting back to something like normal. it's all part of the great opening up which continues rapidly. georgia was the first. new numbers show that it has bounced back very very quickly. its economy has. new jersey has lifted the stay-at-home order. new york city subways have seen a considerable increase in ridership. and the money from the government is finally flowing to business, and get this, mortgage applications are surging, too. add it all up and it looks like a much stronger summer economy. that outlook helping the market. caution, however. the federal reserve releases its first economic forecast in six months this afternoon. that could really move stock prices. but right now, we are seeing a little movement to the upside, up 50 for the dow, up about, what, 12 for the s&p, and another solid gain for the nasdaq, up almost 1% again and back above 10,000.

it's great to be back. my thanks to ashley, susan and lauren for working so hard while i had a couple of days off. thank you, everyone. much appreciate it. another big show on its way for you. i'm going to tell you about my experience buying a pair of shoes. yeah, wow. "varney & company" is about to begin. stuart: i'm going to start with big tech. look at it go. these are -- this is premarket. these are quotes on big name technology stocks before the market opens. these are current quotes. apple up another four, amazon is up 38. facebook's up $2.41 there. that's a new high on microsoft, $191. now, look at the big moves from those big tech stocks that happened yesterday. that fueled the nasdaq, going above 10,000 for the first time.

this is yesterday. apple was up 3%. amazon up 3%. facebook up 3%. microsoft up less than a percent but as we told you, it's closing in on another new high as of this morning. this is all about big tech. as our guest predicted, he predicted a record for the nasdaq on this program just last week. watch this, please. shah, it is wednesday. we are 2% away from a new high on the nasdaq. you think we're going to gain 2% on the nasdaq by friday? >> we could easily do that, stuart. easily. if not maybe this week, then certainly next week because the market has the momentum, there is plenty of money on the sidelines, a lot of money, institutional money has missed this rally and it's going to have to come in and chase it higher. so absolutely. stuart: well, shah gilani is back with us this morning. we are not going to let you take a victory lap quite so quickly but i'm going to ask you this. are we going to keep going up on

big tech? >> there's really no reason we can't go higher. in fact, there's no reason we can't go a lot higher. money is going into big tech. the mega-cap tech stocks, because that's where the revenues are going, that's where the profits are, that's where the cash is building up. if these companies are the real deal, they have to have their own -- stuart: that's what happens here. we just froze right there. basically, shah gilani is saying yes, that's where the money is, that's where the profits are, yes, it can keep on going up. he's back with us. i've got to point this out to you. mortgage applications, we got the word this morning, up 13% compared to a year ago. refis up 80% versus a year ago. do you think there's a possibility that we might see a shift here just in where investors put their money? a little bit of a shift out of stocks and a big shift into real estate as an investment? what do you think?

>> i don't think so. i think it's a little too soon to make a move especially into commercial real estate. commercial prices, we don't know how it's going to pan out. residential has continued to do well. residential pricing across the country, all good. stuart: that's what i mean, residential real estate. the baby boomers are retiring in droves. they've got money. the markets done well for them. money out of the market and into a retirement home in florida. that's what i'm thinking of here. >> yes, i think that is going to happen, it's been happening, it's going to continue to happen. for the most part, i think investors will keep their money in the stock market because that's where the returns are. yes, you will get decent returns on real estate but nothing compared to i think what you are capable of getting in the stock market. stuart: you're just like your old self three or four years ago. buy it, buy it, buy it, don't stop buying, buying, buying. you're almost back to that, aren't you? >> i'm still a little cautious because this market has just been so phenomenal, it's risen a little too far, too fast for my

liking. that gives me some pause for concern. one thing i want to point out that's made me very bullish, on every down day, the volume just falls off a cliff. for example, on friday, last week, we had the tremendous up day. yesterday was a bad down day. not a bad day, but bad enough down day, the volume was almost 30% less yesterday than it was on friday. it was 10% less yesterday than it was on monday's rally. so on days when the market is selling off, investors aren't really coming in and selling. but on days when the market's going up, investors are coming in and applying a lot of capital into the market. that's a very positive sign. stuart: it is indeed. fascinating stuff. shah gilani, thank you very much indeed. see you again soon. i'm watching a couple of individual stocks here. first of all, look at tesla, please. what a ride. now elon musk says it's time to ramp up production of the semitruck. tesla is a little shy of a thousand bucks a share as of right now. i'm going to show you amazon again because later this hour, we have someone who says it's

going to hit $3,000 per share. right now it's a mere $2639. got a loser for you. gamestop. even though it saw an increase in online sales of 500% last quarter, that was because of the lockdown, of course. they still lost a ton of money. the stock is down another what, 4% as we speak. want to get back to the -- this is what i call it, the great reopening. ashley webster, what does -- now, subway ridership, i know it was up. i'm trying not to call it a surge. what does it tell us about new york city getting back to work? ashley: right. okay. phase one, the reopening began monday. subway ridership on that day, on monday, 800,000 people. now, to many people across the country it sounds like a lot. the average ridership pre-pandemic is about five and a half million. ridership back at around 15%. it's still encouraging, 800,000 people, but we are seeing actually a bigger increase in people taking the bus which i find really interesting and even

more interesting is the number of cars and trucks coming across bridges on monday morning was significantly higher than the year before. it was up 19% year over year. last year we didn't have the pandemic. 268,000 drivers. in other words, people are saying forget public transportation, i'm going to drive myself into the city. we are seeing a lot of that. stuart: they are at least coming into the city. all right, ashley. now, new jersey has lifted its stay-at-home order. what does that mean, ash? ashley: well, you can go out as long as you wear a face mask. places of worship can reopen now at 25% capacity. they are moving swiftly, we are told, to phase two which allows outdoor dining, non-essential retail which actually allows customers to go inside. so look, this lockdown in new jersey, one of the most restrictive across the country, has been in place for nearly three months. the pent-up demand to get back

and get out is certainly there. so the governor lifting that stay-at-home order. one of the latest ones to do it, as i mentioned before, compared to the rest of the country. finally, new jersey, getting it back together. stuart: i'm feeling that urge to get out and about. that's for sure. thanks, ash. at the top of the next hour, we will hear from treasury secretary mnuchin. he's testifying on the hill about virus relief. what he says could move the market. edward, do we know what he is going to say? propered we d reporter: we do, stu. in fact, he will tell the senate small business committee we are poised for a very good phased reopening, pointing to a u.s. chamber study saying 79% of small businesses are at least partially open in the united states. he's also going to talk about how april was a record high for the savings of americans. that means more americans have more cash to spend. he's also going to say the third and fourth quarters are going to be very big for economic growth

partly because the payroll protection program he said supported 50 million jobs. the direct payments the irs made to 160 million americans worth $260 billion, he will say that nearly all of the $150 billion for state, local and tribal governments have been disbursed as well as $27 billion approved now for 500 airlines to keep people on payrolls and help support that industry so a lot of money flowing through now in the economy and a lot of money yet to come in the economy. he's going to have a very rosy picture for the future. stuart: yes, he is. that could be the big summer and fall of spending and economic rebound. we shall see. edward lawrence, thank you very much indeed. also coming up in the 10:00 hour, the house judiciary committee holds a hearing on police practices and law enforcement accountability. george floyd's brother among those who will testify. of course, we will be listening for headlines. we will bring them to you as soon as they occur. as for the futures, we are

about fwhin20 minutes away from opening of the market and we are up across the board. the significant gain is in the nasdaq, the technology companies. they are booming again. has the republican party picked its new convention site? well, a new report says it will move to jacksonville, florida. we've got that story. we have a jam-packed show overall. fox news sunday anchor chris wallace is on the state of the 2020 election. brian kilmeade on the latest liberal hypocrisy and the stories martha maccallum, she had a powerful interview with new york state police union president who is getting a lot of attention after railing against legislators and the media for vilifying law enforcement. watch this. >> stop treating us like animals and bums and start treating us with some respect. we've been vilify ied. it's disgusting. stuart: the acting deputy

secretary of the department of homeland security, ken cuccinelli, joins us next. what does the president plan to do about police reform? keep it here. this is "varney & company." (vo) at audi, we design cars that exhilarate with versatility, whether on the track, or the everyday drive. today, that philosophy extends to how we connect with you. we call it, audi at your door. whether a remote test drive, shopping, trade-in, or even service pickup, audi at your door can do this and more at participating dealers. the premium audi dealership experience, on your terms. audi at your door.

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stuart: illinois is considering police officers having to get licenses. grady trimble is here. what is a police license? reporter: it would essentially give the state the ability to remove an officer. right now, police officers in illinois are certified. they can lose that certification if they are charged and convicted of certain crimes, but if they were licensed, the state could yank that license for misconduct, not just criminal convictions. i want to show you a graphic. it shows you some of the professions illinois and other states issue licenses for.

accountants, interior designers, teachers. the mayor of chicago and the state attorney general argue the same should be the case for law enforcement. >> if i get a haircut, the barber is licensed by the state. there's a uniformity in the professionalism and then they have to recertify themselves on a regular basis. why wouldn't we have that for police officers? reporter: we reached out to the national police association. they say they don't support this proposal without additional information. they say there's already oversight in place and they point out that every law enforcement agency across the state would have to be on board with this proposal in order to avoid a legal fight. stu? stuart: got it. thanks, grady. next, the cancel culture continues. what's this about "gone with the wind," ashley? ashley: it's been pulled by hbo max. that's the newly launched

streaming service. they decided to pull the 1939 classic out of its library, saying that under criticism of the movie and the way it depicts black people, in fact, john ridley, the screenwriter of "12 years a slave" said this film glorifies the antebellum south. hbo says it will pull it for now. that's led to backlash on the other side. the "hollywood reporter" saying this is idiotic, we should learn from the past, not pretend it never existed. "gone with the wind" won eight oscars, including best picture. hattie mcdaniel became the first black american to win an oscar for her performance but apparently in this culture, hbo max says it will eventually bring it back but it says with a discussion of its historical context. it's gone for now. stuart: what about that show "cops" that deals with police officers on duty? what about that one? ashley: the paramount network was carrying that. that, too, has had the plug

pulled on it. it was originally put on hold but now it looks like it won't come back at all. the 33rd season of this show, it was on fox for 25 seasons, the 33rd season was set to premiere on monday. a & e has also pulled episodes of "live p.d." which follows. that has been pulled maybe not shelved for good. we have to wait and see. cancellations going on out there. stuart: you got it. thanks very much, ashley. some democrats calling to defund the police. the head of the new york police union is now calling them out for that. roll tape. >> everybody's trying to shame us into being embarrassed about our profession. well, you know what, this isn't stained by someone in minneapolis. it's still got a shine on it and so do theirs. so do theirs. stop treating us like animals and bums and start treating us

with some respect. we've been vilify ied. it's disgusting. our legislators abandoned us. the press is vilifying us. well, you know what, guys? i'm proud to be a cop and i'm going to continue to be proud to be a cop until the day i retire and that's all i have to say. stuart: that was impassioned plea, clearly. fox is reporting president trump will announce executive action on police reform soon. let's bring in ken cuccinelli on the phone, acting deputy secretary at the department of homeland security. sir, the democrats are talking about changing police tactics, defunding the police and changing their weaponry. can you give us a hint without front-running the president, can you give us a hint as to what the president is likely to have in his list for police reform? on the phone: well, i can't tell

you the exact details, because it's not really my place, but i think you will see a mix of legislative proposals that we can work on on a bipartisan basis just like the president did with criminal justice reform, and executive actions he can take on his own. we have more law enforcement officers than any other entity in america so we're very invested in this effort. we're very committed to it. we were appalled to see what happened to george floyd. [ inaudible ] we obviously take steps to train to avoid those problems. stuart: what about confrontation of rioters? how could you reform the police response to a violent situation? on the phone: well, once you've reached that point, stuart, there are some basic tactics you have to use to bring down the

level of violence and frankly, you saw the president lead in that effort over the last two weeks. at the simplest level you need a more significant police presence [ inaudible ] innocent law-abiding citizens and their property against violent mobs, and mobs don't stop misbehaving if there's a small number of police -- stuart: mr. cuccinelli, i'm terribly sorry, sir, but you are cutting in and out. we can't follow the train of thought here. we have to break it off. i do apologize to you and to our viewers. we will try to get this back at some point in the very near future. i'm going to check out the market. we've got seven and a half minutes to go before we open up. this is a wednesday morning. we are going to be down ever so slightly for the dow but just look at the nasdaq composite. up maybe 80 odd points at the opening bell, continuing yesterday's rally, which saw us

go above 10,000 for the first time ever. we'll be right back. facing leaks takes strength. so here's to the strong,

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stuart: i was in a starbucks yesterday. i saw lots of changes, directions in which you could walk, stand here, stand there,

keep your distance, et cetera, et cetera, but they are making some changes to the stores. what else are they doing, susan? susan: looks like you will get walkup windows and future curbside pickup for mobile orders and double drive-through lanes. we know starbucks is accelerating these changes because of the covid-19 outbreak and they say that originally they had penciled in three to five years to make these changes but now they have moved up that timeline to the next 18 months. so in the suburban area ka faca walkup windows and curbside pickup. mobile ordering is the future for a lot of these restaurant brands. when it comes to these dense urban markets, looks like starbucks is now moving towards more of these pickup stores instead, new york city, chicago, seattle, san francisco, these dense urban areas will be getting these first mobile pickup locations. now, i should point out that starbucks will likely fall today because they just came out with a forecast that they are going to lose $3.2 billion in sales in this quarter and as for the full year, for here in the u.s. and

also china, they are looking at sales to be down 10% to 20%. they told us that 95% of the stores are reopen here in america but you know, looks like foot traffic is down tremendously in the past month. in may down 43%, a little bit of recovery though they say in the last week of may, where sales were only down 32%. but china holding up a little better. in may they were only down 21 prs. again, recovery from the covid-19 pandemic, where virtually all restaurants were shut. stuart: i can see it's very rational to move away from in-store dining, sitting there with your computer drinking coffee and pastry, whatever it is. i can understand the move away from that in the era of social distancing because social distancing is here probably for a long time to come. i don't know that for a fact. susan: consumer changes have accelerated from, they said by three years according to analysts, experts, and this makes sense especially for coffee which is so easy to take out anyway. stuart: you got that right. thank you, susan. quick check of the market.

we've got, what, 90 seconds, less before this market opens. i just keep saying pay attention to the nasdaq. that's the home of technology. that's where the technology stocks are listed. that's where they have their biggest impact. technology has led this rally, especially the biggest names in technology. they were surging yesterday. i saw, what was it, amazon was up 3%. apple was up 3%. i believe they are up strongly again this morning, poised for another move higher when we start trading. so concentrate on that nasdaq because that's where the money is flowing. that's where the active stocks are. we will be following them for you. this is the tech giants on your screen right now. this is premarket. i know the market opens in 30 seconds but here's what to expect. see amazon? amazon is up 46 bucks. that's before the market opens. 2,647 per share. as we told you earlier, we have

a guest on the show who says it's going to go to $3,000 at some point. any moment now, they ring the bell. there you go. that's it. ten seconds, that means, before we start trading. we will be off and running this wednesday morning. here we go. it is now, bang, 9:30 eastern time. the trading has begun. look at this. okay. when they open, you will have a clearer picture of where the dow is going. we are about half -- no, fully open now. half are down, half are up. the dow is down, what, 27 points. that's all you've got. down 27, just a fraction of 1%. the s&p 500, that is to the upside, a fraction of 1% but up nonetheless. here's the nasdaq. we are trading now, the big techs are in operation and we are up 61 points, 10,015 is the level. i want to come to groups of stocks that have really been moving a lot recently, primarily up. cruise lines down this morning.

carnival, norwegian, royal caribbean. airlines, they have been up but now they are down. i guess you could call that some profit taking. delta, by the way, said that its revenue in the second quarter of the year will drop about 90%. delta this morning is down 6%. the retailers, okay, we are opening up, going back to work. the retailers are a mixed bag this morning. best buy, i've got some details on that later, they are up. target's up. walmart's up. kohl's and macy's are down. the financials. they have been gaining ground, losing ground a bit today, but gaining ground overall, as interest rates moved up. now, let's have a look at the current quotes on the tech giants. key statistics here. microsoft, $191. that's either an intraday high or new high, $191, microsoft. google is up five bucks. apple is up five. look at apple. on the cusp of hitting $350 a

share. amazon up $46. facebook is up $1.50. $240 a share on facebook. tesla. elon musk thinks it's time to ramp up production of the semi truck. his semi truck. this morning they are up 4.8%, very close to $1,000 a share. susan, what does our friend dan ives say about tesla? susan: he has a very bullish call on tesla. a lot of analysts do, by the way. he's looking at something like $1500 which is a little more reasonable than say arc investments which has pen sel d penciled in $13,000. talking about a ramp when it comes to the semi truck and ramping up production in china, we saw mayfield tripling so we know there's a recovery when it comes to chinese appetite for tesla-made electric cars in the market. by the way, china has been one of the growth stories for tesla's stock. dan ives says it's worth around

$300 more for the share price because of how well it's selling, i guess the timeline which has been in advance of what many analysts had expected, and it's still a growing market, the largest car market in the world. stuart: i'm still surprised to see the stock approaching $1,000 a share. there you go. as for walmart, i'm told, lauren, that they are winning the online grocery race. that's important. lauren: you are told correctly. good morning, stuart. so 48% of people surveyed said they ordered groceries from walmart versus 36% doing so from amazon which also owns whole foods, 24% from kroger. get this. 82% said not only are we ordering from walmart, we are doing so at least once a month. so why is walmart the winner here? three reasons. number one, they have that footprint, because they have physical and digital, you can get your items pretty fast from the physical stores. another reason is they integrated and did this recently, their regular app as well as their grocery app so you

can buy more seamlessly and in may, responding to all this turmoil with the pandemic, they started their express delivery. you get your order in two hours. stuart: maybe they are beating amazon at that particular section of the online retailing business. maybe so. walmart's at $121 this morning. best buy reopening stores and bringing back furloughed workers. tell me more, ashley. ashley: they are indeed. 800 stores reopening by june 15th, stu. get this. not only do you not have to make an appointment, you can actually go inside. how about that. of course, capacity will be reduced to 25%. no more than 60 people in the store at any given time. yes, they are bringing back more than 9,000 furloughed full and part-time employees. by the way, if you go and don't bring a mask, they will give you one for free at the front door. that's best buy. stuart: got it. thank you very much indeed. this is interesting.

not sure i understand it. twitter and square, jack dorsey's companies, he says they will take a holiday, a holiday on june 19th. what does that mean? what's it all about? susan: we know that a lot of tech companies including jack dorsey, who is the ceo of not only twitter but also square, the payments company, as well, lot of tech companies are stepping up their efforts to try to support and honor the culture of african-americans so juneteenth which is celebrated on june 19th, this will be a holiday in the u.s. going forward as well for twitter and square employees, and he says this is a day for celebration, for education and connection. june 19th in 1865, this was celebrated as the emancipation from slavery in the u.s. as for global offices that they operate in, in countries and regions around the world will have their own day, something to be investigated as to what day is best for them. this is a very woke culture. you probably won't see anything more woke than in silicon valley. stuart: okay.

thank you, susan. gamestop. they reported their first quarter numbers. lauren, know they did really well online. they are virtually unchanged this morning but they did well online, right? lauren: a turnaround for gamestop. up 519% in their quarterly online sales globally. that's phenomenal. the reason why the stock is under pressure if you ask me is two-fold. in may, this is as stores reopened, right, their sales were down 4% because sony and microsoft, their new game consoles don't come out until the end of the year and a lot of the key game titles were pushed back. there's not much to buy. also, with the riots, they had reopened 100 stores -- hundreds of stores. they had to close 100 of the reopened stores because they are dealing with the riots. that is another pressure for gamestop. stuart: you got that. thank you very much, lauren. check that big board. please remember, everyone, we are waiting to hear the federal reserve's economic forecast for

the future. we have not had this from the fed in the last six months. we are going to get it this afternoon. that could move the market. in advance of that, the dow industrials right now down about 90 points. the ten-year treasury yield, always like to see that, .80% as of this morning. the price of gold still around $1700 an ounce. $1731. the price of oil, i have been away for a couple of days, it's still at $38 per barrel. look at some of the big names, biggest of big names, all of them hitting all-time highs. apple, amazon, microsoft, facebook, tesla. how about that. the biggest companies hitting their record stock price highs as of right now. ain't that something. sometimes we are criticized for showing so much of big tech putting it on the screen so often, but you have to. that's where the money is. these are trillion dollar companies for the most part and they have developed that way just in the past couple of years. that's where the money's been flowing. that's propelled the overall

market higher. busy day coming up on capitol hill. two major hearings. the judiciary committee listens to a hearing on police reform. then the treasury secretary, he's going to present a rosy picture of the economy in the summer and fall. that's when he testifies. we will be following that one, of course. he could move the markets. major league baseball dragging feet. we could have seen a july 4th opening day but no. they are likely delayed. i think that's a mistake. i'm going to go at it in my take coming up in the following couple of hours for you. take a look at the stocks on your screen. my next guest says these were his top picks last time he was on the show. if you listen to him, you would have made a lot of money. how much? find out next. in my line of work,

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stuart: reopening the vegas strip. that's a very important point.

mgm apparently reopening more of their properties. susan, mgm runs a lot of the places on the vegas strip, don't they? susan: some of the very popular places, too. we know mgm grand, the bellagio has reopened over this past weekend but they're looking to reopen the luxor, the auria on june 25th, then mandalay bay and four seasons will start july 1st. it was a very successful reopening for vegas. anecdotally you saw a lot of pictures and a lot of people on the strip. this has to do with yes, a lot of promotions since the lights of the golden gate casino were giving away 2,000 one-way tickets to vegas, also you had $50 hotel rooms, resort fees and parking fees being waived and as a result, people actually came back to the strip over the weekend, but the concern is about the traffic on the strip itself and whether or not people are taking the safety precautions of wearing masks, gloves, sanitization and the like. we know 43 million visit the vegas strip each and every year.

it's been shut for 76 days and there's a lot of pent-up demand and you saw some of that over the weekend, the past four days. stuart: i just like to see some numbers on how much was actually gambled, how much was put on the table but they won't tell us. i would love to know that. susan: i'm sure we will get that in the earnings, in the quarterly earnings, then also, we will see some visitor numbers hopefully in the next month or so. indications are, you look at the pictures, there are people flooding back there on the strip. stuart: i would like some numbers now but i'm not going to get them. our next guest says president trump will be re-elected. he says the market is telling us president trump will be re-elected. gregg smith is back with us. that's a pretty sensational statement, mr. smith. why don't you back it up. make your case. >> good morning, stuart. thanks for having me. i'm very happy that i didn't embarrass you to your viewers when you had me on a few weeks ago and you had me share my views about amazon and facebook -- stuart: i'll get to that, promise. go ahead. >> look, i think the recent meltup in the market here is

telling us three things, right, that the fed is doing a good job, that the economy's going to get back to where it was pre-covid and sending a signal that i think president trump will get re-elected in the fall. stuart: the polls don't say that, though, gregg. >> no, they don't. but i think that, you know, as the economy reopens, people get back to work, people realize they're not losing as much in their 401(k)s and personal accounts as they were six or eight weeks ago, i think their confidence will return and covid will become something that's really in the rear view mirror and i think the markets will signal that he has a good shot at getting re-elected. stuart: i'm going to go through these stocks that you liked two weeks ago, the last time you were on the show. i'm going to start with amazon. you liked it two weeks ago. since then, it's gone straight up. people would have made money if they followed you. am i right in saying you think that amazon's going to $3,000 a share? make that case. >> look, i think technology and e-commerce companies are a great place to be, right. they are supported by superior

fundamentals, they have great balance sheets, they have easy and cheap assets to capital, they have higher margins and superior free cash flow. plus i think there's just a massive secular trend toward digital transformation, right. you've got distributed commerce, distributed workloads. it's not just going to be work from home but work from everywhere. you look at something or someone like amazon, they just eat up and dominate every new market that they get into. so i think that's sort of a no-brainer place to be for anyone's portfolio. stuart: well, you made 10% on amazon in just the last two weeks. that's pretty good going. wynn resorts. you like that two weeks ago. okay, it's down today, down 4% today. where's it going? it's at $98 now. where is wynn going? >> look, i think i told you that i see about 30% upside in that. i would be disappointed if i can't sell wynn in the next year north of $120. i still see at least 20% upside in wynn.

i think again, as people are stir crazy, they want to get out, get back to normal life, that the casinos and other entertainment venues will become beneficiaries of that traffic. and also, go look at the parking garages in las vegas. you will see that they are very full. people are out, they are in there gambling and wanting to get back to life as it was before. stuart: all right. take me through facebook. that's another one that you liked two weeks ago. if we had bought it two weeks ago we would have made money. this morning it's at $239. where is facebook going? >> i had an intermediate short-term target of $250. i think i shared with you that, you know, it would make new highs. this morning it did make a new 52-week high. i continue to think facebook works higher. they are the beneficiary of tons of online spending from e-commerce companies. you look at any private startup companies that raise capital, a lot of that money usually ends up being spent in turn on facebook to attract new consumers. they are now moving into really trying to go after small

business and understand and get into commerce so i continue to think facebook is another great core holding in anyone's portfolio. it will continue to work higher. stuart: that's quite a track record in the last two weeks. we appreciate you being with us. gregg smith, everyone. he got it right on those three. see you soon, gregg. thank you. take a look at simon property group, spg. they've got some -- they are down today. now, they are america's largest mall operator. they are criticizing the talbin group, another mall operator. there's a sort of fight going on between them. investors don't like it. they are down 6%. that's the simon property group, back to $80 a share. okay. now, i've got an example of what i would call hypocrisy. the los angeles city council president wants to cut $150 million from the police department's budget. he was actually receiving private policing protection for months costing taxpayers about $100,000.

we've got that story for you later. my next guest is the ceo and cofounder of the drone maker, flymotion. they help police departments enforce social distancing. i want to know if they are concerned about privacy and image, the intimidation of a drone shouting at you. i will ask them about that next. robinhood believes now is the time to do money. without the commission fees. so, you can start investing today wherever you are -

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stuart: talk about a tale of two indicators. the dow is down 180. that's .66%. the nasdaq composite is up a half percentage point. that's quite a difference between the two. tech's doing well. the dow is not. remember, please, in the 2:00 hour this afternoon we will be getting the federal reserve's forecast of the economy for the future. we haven't had a fed forecast in six months. this one could change the market. we will see. right now, investors are selling dow stocks. next one. i want to talk about drones. police departments across the country are using them to enforce social distancing. in daytona beach they are using drones to enforce social distancing. ryan english is with us, the ceo and cofounder of flymotion. his company has indeed helped the daytona police.

ryan, it's not privacy that bothers me. it's intimidation. it's the idea of walking along the street and having a drone shout at me. i don't like it. what's your response to that? >> i think, you know, obviously drone technology has come a long way in the past few years, you know. police departments, public safety agencies have been using bullhorns, p.a.s, things like that for decades now. i think this is just a new alternative means to go ahead and get, you know, sound -- stuart: but you do get my point, don't you? it's not like a police officer with a bullhorn talking directly at me. this is something flying up there. i've got to keep on looking up. i get the feeling i'm being watched all the time. look, i know it's not going to interrupt and interfere with your business, but i'm sure you're aware of ordinary citizens and how they feel about this. >> yeah, i hear it a lot and my response to that is you own a

cell phone, right? it has a camera and literally is walking around everywhere you go. cameras, recording devices, things like that, that's something that society uses pretty much everybody nowadays. stuart: okay. how about a drone that takes my temperature from the air? you could say that that's an intrusion of privacy. >> you know, i think, you know, personally, i see the benefits of the technology and i think it's allowing departments to do things and respond to incidents in a very much more safe manner and efficient manner that traditionally they have not been able to do in the past. stuart: is business good? >> we are staying extremely busy. we have been helping public safety agencies across the country and abroad as well. stuart: okay. look, ryan, thanks for being on the show. i didn't mean to go at you about privacy and big brother and intimidation. i think you've handled this before. you got a great company and we

appreciate you being with us today. ryan english. thank you, sir. >> thank you, sir. stuart: got it. we are just getting started. big show coming for you. fox news sunday anchor chris wallace on the state of the november election. brian kilmeade, always sure to be fired up. he's on the show. and martha maccallum on the growing calls to defund the police. we got them all on the show today. retailers, man, do they have a problem. i'm going to share my personal experience on why i think the retail ice age will be the new reality. that's in my take and that is next. . . . . .

stuart: almost 30 minutes into the trading session here's where we stand. the nasdaq composite opened above 10,000 for the first time ever this morning. it is still right at 10,000 but we do have a loss for the dow, and s&p. show me boeing, please. that is a major drag on the dow. it's a dow stock. it's down 5 1/2%. that costs the dow industrials overall 80 points. so you take boeing out we're not done as much. the biggest of the big tech names hitting all-time highs, look at that. apple, amazon, apple now has a market value of $1.5 trillion. amazon steaming towards $2659 a share. also new highs, all-time highs, facebook and microsoft. facebook has hit 237.

was a little higher. microsoft at 192. it is up three bucks this morning. tesla, there is another stock at an all-time high. pretty close to $1,000 a share. only $4.09 away. that's it. by the way elon musk wants to get the semi-truck made in volume. big time stocks, big time gains. happening now, three big hearings on capitol hill. treasury secretary steve mnuchin, he is going to testify before the senate small business committee. i will give a rosy forecast where the market will be this summer. if there are any questions about another stimulus from him or to him, rather, that could move the market and we're listening for it. the senate health committee holds a hearing with top education officials on when and how it is safe for children to go back to school. very important question. the house judiciary committee focusing on police brutality,

racial profiling. among the witnesses, brother of george floyd, pastor darrell scott, frequent guest on this program and former secret service agent dan bongino. we'll monitor this the next few hours. we'll give you the news at it breaks. now this. i tried to buy a pair of shoes. the store was open. i could not try the shoes on. i could take them home and see if they fit, bring them back for a refund. that is not what i wanted. with shoes, you want to see how various colors and sizes fit. i didn't buy. that is not good for me. not good for the store either. first of all, they lost a sale. and second, if they take back a pair, they have to wait several days before they can put them back on the shelf. can't have contamination. how do you manage inventory in a situation like that? really, you can't.

now one of my colleagues ordered a pair of shoes. she was told that if she doesn't like them, she will get a refund but she doesn't have to send them back, she can keep them. they're free. don't send them back. how do you manage to do business like that? bricks and mortar retail was already unpressure before the virus. we've been calling it the retail ice age for years. now it is much worse. closed for months. reopening with limited capacity. no trying on. no dressing rooms. no wonder they got problems. it is not their fault. it is just the new reality. the point is, our culture of consumption is going to shift. shopping, as we used to know it will not be quite the same. you can't try on clothes. you can't try out the product. that is not shopping. you might as well order online and save yourself a trip. have you seen amazon's stock price recently? that's online selling for you. social distancing and fear of transmission, that is at the heart of retail's problem.

neither is going away anytime soon. besides, we're getting used to the changes. we might not like them but we've been keeping our distance and avoiding contact for months. we've adopted new habits, new patterns of life. for retail, very hard to see us going back entirely to the previrus shopping and consumption patterns of what, four months ago. core sight research which tracks these things says, up to 25,000 stores will close this year. 25,000! 9,000 closed last year. the look and feel of america is changing really fast i think. staying on retail, major chains skipping payments of rent and blaming the virus of course. lauren, give me the news on this. lauren: 40%, 40% of retailers missed may rent. okay, obvious targets here, companies filed for chapter 11,

pier one, gap, famous footwear, bed, bath & beyond, some gyms, movie theaters, they're not paying rent. they don't have the business. they can't make the rent. everybody is looking for something here. so for the companies and the brands that can make rent like starbucks, like lvmh, they're trying to renegotiate their deals. so everybody, stuart, is trying to get something because of the pandemic. in the end you were talking about spg, southern property group, well they agreed to merge with centers back in february. they want to pull out of that deal now because they're losing rents, they're losing money. everybody is trying to get something here. if there is no business to be had. rent can be paid or if they can nobody wants to pay in full. stuart: you're right. the piper must be paid. it will come down the line, way down the line at some point. fascinating stuff. john lonski is with us, economist no less. john, i say retail landscape is

really changing rapidly, how we spend our money is changing rapidly. i conclude that the look and feel of feel of america this, is not necessarily economics point of view, look and feel of america is changing fast. what do you say? >> that is going to be true as long as covid-19 remain as high-risk factor but who knows. perhaps we'll return to normal a couple of years from now once the virus has faded away, once we have a vaccine. i'm not necessarily convinced that these changes are going to be permanent meant that we see today. there is demographic change. this population is getting older fast. shopping will not be the same as it was in the past. moreover, there is competition from the internet now faced by bricks and mortar retailers. stuart: it's social distancing, that is the big problem, isn't it? reopening schools, reopening stores, reopening sporting

events to crowds. as long as social distancing remains in effect and that is what the authorities demand, you can have a changed face of america. i repeat my point. social distancing is the key problem. what do you think to that? >> that is so true. this is problem not just with retail space, movie theaters. it is also a problem with stadiums. movies debt much yankee stadium and others i believe that we're somewhat concerned about the future debt repayment capacity of those particular borrowers. now, if we do get a vaccine, that it is back to normal very, very quickly. don't forget about that. that could change the game rapidly. that vaccine would bring a v shipped recovery up front back into the picture. stuart: that is fascinating. quickly, john, the pandemic decimating african-american jobs. in february unemployment for that group was a record 5'8", in

may it tripled to the 16.8. ad percent impact on african-americans, john, address it please? >> oh, this is a very, very sad story. up until we were hit by this virus we were doing much better in terms of the employment of minority groups. suddenly that has reversed very badly. let's not forget african-americans and other minorities suffered unduly from coronavirus compared to the rest of the population. it really bore the brunt of this virus, not just in terms of jobs lost but also in terms of lives lost, a very sad story. stuart: it is indeed. john, thanks for joining us. we'll see you again real soon. thank you. >> my pleasure. stuart: now this. the call to defund the police growing. listen to what joe biden had to say about this. roll tape. >> 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, in fact able to demonstrate they can protect the community. everybody in the community. stuart: bring in liz peak, rapidly becoming our joe biden correspondent. just joking, liz. what joe biden is saying doesn't square with many members of his own party given the current events. seems to me that we're going back to a story you and i covered at length in this program. seems to go back who joe biden will pick as his vice president? >> yeah. i think it definitely highlights the need for joe biden to pick an african-american running mate. i think that is probably what el do. interestingly, two names have surfaced in the last week or so. val demmings who we have spoken about before who was head of the orlando police department, which is a maybe a little bit of an issue for her. she is representative from florida, which obviously is big

plus, a popular person in florida, was also an impeachment manager in the house. so she has her far left credentials for having attacked president trump during the impeachment hearings but she also has law and order background which could make her sympathetic to the need for reforms. she already voiced that. she has been a very, very staunch supporter of biden. i think she is really in the running but the new name is keisha lance bottoms, the mayor of atlanta, who has been is a very strong surrogate for joe biden, who has come across in recent days during the riots in atlanta, as sort of a sane, balanced voice, calling for reforms in the police but also telling violent protesters that they had no place in atlanta and they were not honoring the memory of martin luther king and all other peaceful protesters. so i think she's really a contender, plus she is younger,

stuart. she is 50. i think one of the issues that joe biden faces, obviously is his age. both of these women come out as possible pickshe won't choose anyone until august 1. he has time to vet these people. they are being vetted now. no question he will pick a black running mate. stuart: race seems the major issue for the democrats in the election, the economy still probably major issue for the president. what do you say to that? >> actually the last cnn poll showed biden way ahead, voters putting number one issue as the economy. race relations become more important but it is not number one. trump still wins on that issue. so i think it is a balancing act for joe biden. he has to have a food economic plan. so far i have not seen one. stuart: end it right there, liz.

thank you very much elizabeth peek, thank you. >> thank you. stuart: check the market we'll get the fed forecast in the 2:00 hour this afternoon. that may move the market. at the moment the dow is down but the nasdaq is up very nicely. couple stocks to go after. first of all grubhub and uber. reports that their deal is off but someone else is now involved. tell me more, susan. susan: we have netherlands based food company in europe, just eat with all stock deal with grubhub according to "the wall street journal." it was reported uber and grubhub could not agree to deal, not based on price. it is all-stock transaction. they have been haggling over how much stock for uber and grubhub. more about the antitrust environment especially with elizabeth warren sounding alarm on any type of merger in this environment. she even tweeted about the uber, grubhub deal specifically. we know consolidation will take

place when it comes to food delivery. interesting that grubhub will be tying up with a european competitor instead. there probably isn't antitrust that needs to be considered. what about cost savings involved when you're on two separate continents? i thought players in the u.s. merging with one and three and three and two to get more cost savings for the companies. let's see if this actually closes. we'll see. stuart: i'm surprised to hear elizabeth warren, senator warren would have that kind of influence on deals in general but apparently she does. all right. the republican national convention, gop is really shopping around for another city to host this big event. it comes up in august. charlotte, north carolina, apparently out. five cities are in the running, campaign taking shape. we're on it. there is another city, savannah, georgia, offering money to remote workers who move there.

how much? is it worth it? remember these guys? >> we're going to appeal this. we're going to fight it. we the people of this country have the right to do what's necessary, not to be infringed upon and we're here to give the people the freedom that they want. freedom they demand. stuart: this program may 27th. owners of the pennsylvania diner reopening despite the shut down. they're back with us, they will tell us what's happening to them. they received a punishment. we'll deal with that next. look, this isn't my first rodeo...

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stuart: we slipped a little further south for the dow industrials. we're off 295 points. you're on the cusp. a 1% drop for the dow, a big

drop in the stock price of boeing which is a dow stock. boeing is down about 5 1/2%. that accounts for 80 points of the dow's loss. even without boeing it would be still down 200 for the dow. nasdaq holding on to a gain but shy of 10,000 points. got it. city of savannah, georgia, paying remote tech workers to move there. lauren, straighten me out on this one. you work from home. you're a remote worker but that city wants you to move there, so you can work remotely from there. explain, please. i don't get it. lauren: okay. georgia was one of the first states to reopen amid coronavirus, right? savannah, georgia, was looking at situation how do we get more people to live here? our cost of live something attractive. it is 10% less than the national average. they said if you're a technology worker, come here, live here,

save money, work wherever you want, in dog so we'll pay your moving costs toward $2,000. it it is an experiment. we'll see if it works. the work at home trend is real. accelerate ad big way by covid-19. we'll see if savannah, georgia can be transformed to a remote tech hub because those workers will spend money in savannah. stuart: it is a terrific idea. if you work at home you can work anywhere where you have the internet. what a great idea. >> the question is, do those companies who save money when you work from home, will they cut your alary to adjust to the cost of living? that remains to be seen. the answer is likely yes. stuart: i think you're right there. that's right. cities in the midwest are losing population. two of the fastest shrinking cities are in illinois. tell me more, ashley webster. ashley: oh, yes. it is, we talked often about the

move from the rust belt to the southern states and low tax states like georgia, like texases, like tennessee. we look what the census tells you now going back to 2010 and it is quite an interesting tale. how about the fastest shrinking u.s. cities? detroit, cleveland, toledo, st. louis, baltimore. these are traditional manufacturing industrial areas that have lost population. high taxes for the most part certainly. but then look at two cities in illinois that actually figured in the top 15. we know the troubles illinois has had with its debt, its high pension rates, the fact people can't afford to live there. rockford, northern illinois, lost 5% of the population since 2010. decatur in central illinois down 7%. people are leaving, no doubt. where are they leaving to?

i mentioned some of those states. there is a theme here. fastest growing states around the country, 'frisco, texas. there buckeye, arizona, close to phoenix. mckinney, texas. new braunfels, next texas. south jordan utah. people are moving from the industrial north and midwest to the south where it is cheaper. by the way new york still number one largest city at 8.3 million. way ahead of the second biggest city, los angeles, four million. cities, phoenix and houston are growing the fastest. stuart: tax has a lot to do with it as well. fleeing taxes, got that. pennsylvania is cracking down on the round-the-clock diner. it reopened may the 10th, that was against state orders. they were hit with big fines.

$3,000 for the customers they had. our frequent guests are here. $3,000 per customer. let me ask to demos, will you pay this? >> $3,000 per diner, stuart. good morning. stuart: per diner. not customer. two diners, 6,000-dollar fine. are you going to pay it? >> we're going to fight it. we have a great attorney, eric winter who has been representing us. we'll continue to fight this. stuart: are you still open? >> yes. stuart: this is pennsylvania. i remember seeing governor wolf not exactly encouraging protests but certainly not raising any great objection to them as they walked down the street, close together, maybe no masks. i think that is real contradiction with your situation where you get fined for serving your own customers and what the governor is saying for everybody else.

go ahead. have a go at it. >> right. he was seen at a peaceful local protest. he was not even abiding by his own orders. so he shouldn't have a set of rules for businesses and other, you know, other issues. we're all the same so. i believe that applies to all of us. stuart: what is basis of your case, that there is contradiction between what the governor says and does or what? >> well, yeah. we could use that. we could use that case. stuart: what is eric winter going to say? >> we have to ask him. we're getting a our day in court. we'll get our day in court. stuart: how are you doing? how is business going? >> business is going excellent. people are happy. stuart, we've been down here for 26 years. we served 11 million plus people just at this location with 155

different employees. we know, yeah, yeah. stuart: you've got this fine. you have got legal costs. are you able to stay in business long term? >> definitely. we've been here for a while. >> i've been in the business for 52 years. i'm still working it. i'm 80 years old. i'm still working. stuart: you're in great shape. that is a fact. >> not doing anything wrong. he is the one that tried to take away the constitutions rights from the american people. stuart: okay. dimos and christos, out of time. we have a hard break coming up. we want to keep in touch with you. want to see how you're doing. thanks for coming back on the show today and -- >> thank you for having us. thank you. stuart: we got some mixed messages on the transmission of the virus coming from the world

health organization, leaving governments and businesses frustrated and confused. more on comments they are now walking back, what it could mean for everybody as we move forward. jam-packed show continues. coming up "fox news sunday" anchor chris wallace on the state of the 2020 election. brian kilmeade on the latest liberal hypocrisy. martha maccallum on the interview with new york state police union president, mike owe mere a security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7.

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stuart: happening now on capitol hill, secretary mnuchin testifying before the senate, talking about a big second half recovery for the economy. also the senate is looking how children can go back to school, when and how. that is very important subject for parents. here is big one, house judiciary committee listening to testimony on police brutality. among the witnesses participating, the brother of george floyd. we're following it all for you. check the market. now we're down 280 on the dow industrials. still a little higher for the nasdaq composite. now it is 10:30, that means we're getting numbers on oil, the supply of it and the use of it. ashley, what do we have? ashley: another surprise but in the opposite direction from last week. we were expecting a drawdown of

1.7 million. today instead we have a build of 5.72 million barrels. so opposite direction. not using as much. last week we expected a build and had a drawdown. now completely opposite. oil is trying to get through the 40-dollar mark. sip slipping back down 2% today. stuart: thank you very much, ashley webster. mixed messages from the world health organization on asymptomatic virus transmission. listen to this, please. roll it. >> still appears to be rare a asymptomatic individual actually transmits onward. we do know some people who are asymptomatic. are positive. i was not stating a policy of w.h.o. i was trying to artic late what we know. stuart: there is contradiction. the lady was walking back earlier statement where

asymptomatic transmission was rare. seems the w.h.o. is destroying its own credibility because i don't know what to believe, now. >> hi, stuart, thanks for having me. here is the issue, the woman, the scientist for w.h.o., was stating the facts, somehow people are reluctant to believe the facts. she got political pushback. she didn't walk back the facts. she was stating what we know. only thing we do know are data from the studies. data shows it is rare to transmit the disease if you're astop tick. that is not reallying in of an opinion. that is the facts. we know that from contact tracing from europe. you don't have to be a doctor to understand, stuart, when you're sick, if you're coughing up contagious material you are more likely to transmit the disease

if you have not symptoms. that shouldn't be controversial. the controversy was against what people want to believe somehow because she was stating the evidence. stuart: in the medical community does the world health organization have much credibility? >> well i mean the world health organization has credibility from the scientists who speak. it's a different issue from the politics of who was in charge and the whole issue with china. but what we do know, when we look at their studies, they're well-respected organization. when you look what they say, for instance, they're stating the fact even when it is politically unacceptable. i will give you an example. the w.h.o. does not recommend masks for the general public. that's because the science does not say it makes sense for the general public. when they came out with that on june 5th, they got pushback. so they qualified it, said, well, given personal preferences, if you're in an area of wide trans mission and can't be three feet away, not six feet, three feet away, maybe you should wear a mask.

they're specifically saying no masks are needed in a widespread way for the general public. so they're saying the truth. they're saying the facts. it is a separate issue are the political leaders of the w.h.o. creditable? that is different. stuart: can i ask you a question unrelated to the world health organization. i want to ask you about vaccines. when and if we get a vaccine for covid-19, is it something we have to take every year? >> well, i mean that's a good question. no one knows. no one knows when and if, by the way. no one knows the efficacy of the vaccine. i can tell you it is highly unlikely to be a magic wand. other vaccines like the flu vaccine is 40 to 60% effective there is false mythology that vaccine is the answer. we don't know if we're going to have it every year, the virus, there is some evidence that it changes, it doesn't seem to change as rapidly as the flu virus for instance. all of this is unknown. i think what we do know is this,

we need to open up and we should open up from the science regardless of a vaccine. that is a false prerequisite for opening. stuart: good. doctor scott atlas, thanks for joining us. you're throwing some light on otherwise murky subject here. we appreciate that. dr. scott atlas. we appreciate it. >> thank you. stuart: number of states have indeed reopened and they are seeing an increase in virus cases. i need to know more about that, ashley. ashley: they are, stu. look, new cases notably higher in north dakota, texas, alabama. the question is though, it's unclear whether this is because ever increased or testing because of the economic reopening, more people around with each other. if you look at these -- stuart: ashley. i'm terribly sorry. i want to break in for a second. i want to take you to capitol hill where george floyd's brother is now testifying. let's listen. >> my sisters and kids and

everyone that loved him, that is a lot of people. i have to be the strong one now because george is gone. and me being the big brother, now is why i'm here today, to do what perry always would have done, to take care of the family and others. i couldn't take care of george that day he was killed but maybe by speaking with you today i can make sure that his death will not be in vain. to make sure that he is more than another face on a t-shirt. more than another name on a list that won't stop growing. george always made sacrifices for our family and he made sacrifices for complete strangers. he gave the little that he had to help others. he was our gentle giant.

i was reminded of that as i watched the video of his murder. he called all the officers sir. he was mild-mannered, he didn't fight back. he listened to all the officers. the man who took his life, who suffocated him for eight minutes and 46 seconds, he still called him sir as he begged for his life. i can't tell you the kind of pain you feel when you watch something like that. when you watch your big brother who you looked up to your whole entire life die, die begging for his mom? i'm tired. i'm tired of pain. pain you feel when you watch something like that. when you watch your big brother, who you looked up to for your whole life die, die begging for his mom? i'm here to ask you to make it stop, stop the pain. stop us from being tired.

george called for help and he was ignored. please listen to the calls i'm making to you now. to the calls of our family and the calls ringing out the streets across the world. people of all backgrounds, genders and races, have come together to demand change. honor them. honor george and make the necessary changes that make law enforcement the solution and not the problem. hold them accountable when they do something wrong. teach them what it means to treat people with empathy and respect. teach them what necessary force is. teach them that deadly force should be used rarely, and only when life is at risk. george was not hurting anyone that day. he didn't deserve to die over $20. i'm asking you, is that, is that what a black man is worth, $20?

this is 2020. enough is enough. the people marching in the streets are telling you enough is enough. by the leaders that of our country, the world needs the right things. the people elected you to speak for them. to make positive change. george's name means something. you have the opportunity hear to today, to make your name mean something too. if his death ends up changing the world for the better, and i think it will, then he died as he lived. it is on you to make sure histect is not in vain. i didn't get the chance to say good-bye to perry, while he was here. i was robbed of that.

but i know he is looking down at us now. perry look up at what you did, big brother. you changed the world. thank you for everything, for taking care of us on earth. for taking care of us now. i hope you found mama and you can rest in peace with power. thank you. stuart: there you have it, an eloquent statement from the brother of george floyd testifying on capitol hill literally right now, about police brutality and the recent unrest that we have seen across the country. that is the brother of george floyd. now, this is ongoing. shortly we'll be hearing from dan bongino. he is a former secret service agent and a former new york city police officer. he is going to be testifying and we'll drop in to him when his

testimony begins. i believe, do we have chris with us now? we do? i'm sorry. chris, ways a little confused there, but i do see you, your smiling face on the right-hand corner of the screen there. chris we just listened to the eloquent, moving testimony of george floyd's brother. i want to fast forward to the election and the campaign. >> one of the things i was going to say is that the family of george floyd has conducted itself with enormous dignity. look, can you imagine if one of your relatives had been so brutally killed as george floyd was by that police officer in minneapolis? i can't watch the video anymore. i find it so symptom wrenching. the family has handle i had itself with great dignity. stuart: dignity and restraint. i would add that word as well. fast forward to the election. do you think this election will be dominated by the issue of race? >> i don't.

frankly we've seen these before. unfortunately, too many times whether it's rodney king or eric garner , and on and on, where due force is used, a person of color is killed. there are protests and devolves into riots and there are calls for reform and frankly not much happens. you know, the bottom line, george floyd still died. what i do think could be issue, very important issue in this election is unity. i think, you can see in the polls, people are very upset with the sense much division in this country. and political division, racial division, and i do think one of the issues that will be on the ballot is which man, donald trump or joe biden is best able to help bring the country together and try to heal some of these wounds. stuart: will joe biden have to appoint a black female as his vice-presidential running mate,

forced into it almost by the current situation? >> well i don't know and i sure hope not, not in the sense that he shouldn't appoint a black woman but you would hope that he wouldn't play that kind of identity politics. he is a man of 77. whoever is his has vice president, we, she, we know it will be a woman, a heartbeat away from the presidency. you would hope he would pick person best succeeds him if god forbid he becomes president and passes away in office but i certainly think there will be pressure in the democratic party where there is a lot of identity politics to appoint a black woman but i think he should appoint the one who best thinks could fill the job if he should be unable to fill it. stuart: this is a very intriguing subject. i want to switch away from it, if i may, chris. you're out with a new book and it's called, "countdown, 1945, the extraordinary story of the

atomic bomb and 116 days that changed the world." may i comment quickly, growing up as a child in england we were always told america dropped the bomb to avoid the death ever millions of american troops trying to invade japan. dropping the bomb shortened the war and lessened the death toll. is that in your book? is that underlying theme of the book? >> well it is not the underlying theme but i think it is certainly a fact. that is the calculation truman made. i would say, stuart, that i have written, i hope i have written historical thriller, so often we see history books, we know what happened, here is analysis why it happened. that is not what i'm doing. i'm trying to put you in the scene at each moment during these 116 days when truman becomes president learns for the first time as president the existence of the manhattan project. the scientists don't know what they call the gadget would even work until they test i had on

august 16th. the fly yu of the enola gay who is on the way to drop the bomb on hiroshima. they don't know, a atom bomb dropping out of a plane will simply tear the enola gay apart. i know what happened in 1945 but it eights thriller. you're exactly right, the calculation that truman made was that it wasn't drop the bomb or do nothing, it was drop the bomb or invade. the best advice he was getting from his top military advisors was, if you invade, it will extend the war for year-and-a-half. there will be half a million american casualties and as many as million japanese casualties. as terrible dropping the bomb on hiroshima and nagasaki was, i think the bloodbath would have been greater if he invaded. stuart: answer a question, on july 16th, when the bomb was

first tested, how many people knew what was happening? was it 50, 100, less, more, how many people? >> certainly more than 100. it is shocking how few people knew. as i say, truman didn't find out about the existence of the project until the day he became president. fdr died, even though he was vice president for three months, there were certainly over 100 that knew, amazingly closely held. one of the things that i love, you know, difference between 1945 and today, imagine this, there were 125,000 people working, a lot of them didn't know what they were working on, but working on a project, nobody says a word. that is the kind of unity, sense of purpose that americans had to win the war. can you imagine today a top secret project, somebody would get on twitter or facebook say, this is immoral project, here is picture of what is going on at oak ridge or los alamos. unfortunately, what they had then, that sense of unity and

purpose and patriotism, i don't think we have as much today. stuart: you're so right, chris. by the way, i have read five books during the lockdown. yours is number six. send my free copy soon. chris wallace, great stuff. i'm sure that is a wonderful book. i am going to read it. thanks for joining us, we appreciate it. sir. >> you bet. i have ebook in mail today and hard cop by day after. stuart: i knew i liked you. chris wallace, what a guy. more "varney" after this. and it was the first time that i realized i could be earning interest back on my money. i just discovered sofi, and i'm an investor with a diversified portfolio. who am i?! i refinanced my student loans with sofi because of their low interest rates. thanks sofi for helping us get our money right. ♪

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stuart: dow industrials holding to a loss of just over 200 points. nasdaq sitting at 10,000. we're joined live on the radio by brian kilmeade, host of the "brian kilmeade show." you're own with me, i know you're talking to somebody else. you're on with me. look this way. there you go, brian. this is the camera to look at. now then, here's the story, brian, i need your comment. you have seen all these cries to defund the police. l.a. city council president martinez, is part of that call, defund the police but she has a big security detail that cost as great deal of money. what do you make of that? >> 100,000 bucks. she recommended cutting $150 million off the lapd.

they have so many people, there has been 700 officers injured, some very seriously injured over last two weeks. many of which from los angeles. you saw how intense these protests were and they expand into riots. instead of saying i take my 10,000 man and woman force, salute them, basically according to the police benevolent association, that they're killers and we're going to cut your budget. the mayor take as knee while telling everybody else you better stay apart while in the pandemic. he goes into the middle of a crowd, take as knee, i'm one with you, black lives matter, not with the police, force i'm cutting back $150 million from. the person who recommends this doing this, nuri martinez, who spent $100,000 on a personal security detail last month because she got a death threat. how do you say that with a

straight face. by the way i passed legislation and pushed for it that will affect how many men and women work with you, work for you and how many resources you have? stuart: look, i think most of america is in great sympathy with what happened to george floyd and is outraged what happened to george floyd. but i also think the rest of the country is seriously angered at rioting and looting. i think that is going to come out in the election because, this country doesn't like that. yet we've heard nothing from leading democrats and big city mayors about chomping down on the rioting. we hear nothing about that. you know, i think this comes out in the election. >> stuart, i think it could be too. and i also thought, well, we keep hearing this general term because i'm up at 2:30 morning, collecting overnight news, all these channels turning was peaceful protests. really? did you see seattle? did you see portland?

is this peaceful protests? do you see what is going on? long island -- stuart: chicago. >> major clashes in anger. chicago. peaceful protests? i don't want to turn the page so quick, i i want to add something else, pandemic, how slow these democratic governors are to restart their economic engines compared to the republicans. life is full of risk. pandemic is full of risk. now you're using punitive delays to hurt small businessmen and women, from farmers to the convenience store down the block, to the person who will sell you cleats or running shoes, they can't do it because your governor decides numbers are not low enough. in new york city, they destroyed the curve. they did everything that they were asked. and in new york city, we still can't eat indoors. we can't go, can't go to dick's sporting goods. we can't buy a hallmark card, but i can buy a lottery ticket around a beer. why is that? i'm not anti-lottery or

anti-beer for goodness sakes, but we should do it all. we watch protesters break the pandemic and quarantine and social distancing we feel like we've been had. i think all those things play out in november. stuart: i think you're right. i just don't see how this is going to go, but it is going to play out in november. it is going to be a part of the big election campaign. that is a fact. brian, i have got to move on, i'm very sorry, i got to move on. you know how it can be. maybe leave you a little short. i can tap dance a few seconds if you want me to. i don't think you do. brian kilmeade. he is all right. we'll see you again soon. he is all right. >> thanks, stu. stuart: a lot of people have been working from home for what, three months? new numbers show a lot of them say, they will do it forever. what a story. we got it for you. football, hockey, basketball, golf, all coming back but baseball, still arguing about details. what a mistake.

that's my opinion. what a mistake. i think they're shooting the their sport in the foot. that will be the subject of my take coming up at top of the hour. by the way i'm speaking with eric hosmer be first baseman for the san diego padres at 11:00 hour. michael o'meara, slamming democrats, slamming protesters for treating police like thugs. martha maccallum sat down with him. she joins us with his story. that is coming up for you. i wanted more from my copd medicine, that's why i've got the power of 1,2,3 medicines with trelegy. the only fda-approved, once-daily 3 in 1 copd treatment. ♪

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stuart: it is almost precisely 11:00 eastern time and here we are, the markets, though, still on the down side. a loss of about 300 for the dow industrials. been that way for much of the morning. a fractional gain for the nasdaq composite. it has dropped below the 10,000 mark. 9969 at this point. you've got to look at boeing. that's a major drag on the dow industrials. it actually cost the dow 117 points. boeing is down 8% and has dropped back below $200 a share. tesla, that's above $1,000 for the first time. it's up 61 bucks at $1,001. that's a 6.5% gain. that stock is on a tear. now this. you know, it could have been so good. baseball could have made july

4th its opening day. ah, but no. unless there's a last minute deal, that's unlikely, they will not play ball until late july or august. i think that is a chronic mistake. the players and owners are arguing about how to split the revenue from whatever games are played. 50/50, 60/40, 80/20, doesn't matter, there's no deal. talk about shooting your sport in the foot. hockey making a comeback. football making a comeback. basketball, very smartly teams up with disney to get something going. golf coming back. but not baseball. it is exasperating to see a sport ignore the problems it already has and to compound the error by keeping a shutdown going. we have known for a long time that youth leagues struggle to bring in new players. the lifeblood of the game's future. sky-high ticket prices have long kept many fans out of the ball parks. and slow play hurts tv ratings.

even if there is a deal to get back on the field, we are told that some players don't want to play because of the risk of infection. how will they be treated in the future? how do you make a team? how do you handle the statistics? this year, july 4th, falls on a saturday. a perfect opening day. a marching band or two, barbecues, a thunderbirds fly pass, maybe, baseball. but not this year. what a mess. what a missed opportunity. coming up, i'm speaking to eric hosmer, first baseman for the san diego padres. do the players realize the damage they are doing to their own sport? i will ask him. first, let's get back to your money, the subject we always concentrate on. brian brenberg is with us, fox news contributor. see what you think of this. i think this summer is going to be a spending bonanza in these here united states. what do you say? >> i think you're right, stuart. let me give you a little

anecdote. i'm sitting in my house right now. next door, my neighbor is having a deck put on. five minutes ago, i had to yell at him to turn off his bobcat for a few minutes because i couldn't even hear myself think in my living room. that's happening all over the united states right now and it's going to happen more because people pulled back so much in march and april, they saved the their powder and now they're ready to go back again, spend money on cars, go back to the doctor, have those elective surgeries that had been delayed, spend money on food and clothes, have people over to their homes again and celebrate life's events. that's a recipe for big-time consumer spending and we need it because it's what's going to give businesses the confidence to keep up that hiring they started. stuart: do we see the unemployment numbers come way down, job creation numbers, new jobs, go way up? the pace of economic growth, really start to pick up to an acceptable level?

are we going to see all of that towards the end of june and into july and august? >> we see it into july and august. we've got to let businesses do business. the problem right now is we are still too much in the partial stage of reopening. businesses can't make it on 25%, even 50% of their business. that's got to continue to move along but if we do that, we know the consumer desire is there. we are seeing it. consumer confidence is starting to go up. the new york federal reserve just reported that this week. deloitte does surveys on consumers' travel plans. they want to hit the road, they want a road trip in their car. this could be a comeback for automobiles as we think about the risks of travel by plane and internationally, especially. it's all there. it's all there if we let businesses serve the consumers who want to shop at those businesses. stuart: do you think we will see a pickup in inflation because if you've got all this demand coming in, we are going to spend money like crazy, if we do that,

usually the response, you put your prices up to ration. do we get some inflation late summer, early fall? >> i'm not worried about it because i think there's still a lot of slack capacity in the economy. i think supply can keep up with demand again. if we let businesses keep up with that supply. so i think inflation is being thrown around as a boogeyman like this is going to kill things. it doesn't have to. it wasn't an issue before this. it doesn't have to be an issue after this. but the key is you got to let the economy work. if we let the economy work the way it can work, you don't have to worry about things like inflation right now. stuart: treasury secretary mnuchin has just said that we will need another bipartisan stimulus plan or rescue plan, call it what you will, to help the recovery. he's just said that. now the dow was down 300, now it's down 230, coming back a bit. you think we need a new, another recovery package? >> if it gives businesses

incentives to hire and people get back to work, that's great. if it extends unemployment benefits and creates incentives to not go to work, if we are throwing the money around that we don't have, i don't want any of it. the economy has naturally stimulus. people are optimistic. businesses are optimistic. let that work. don't get in the way of it. that's my big concern. stuart: all right. you are fired up today, brian. i'm glad to see it. professor, thanks for joining us. see you again soon. i have a lot of reopening news today. i will run through the headlines for you. have a look at starbucks. okay. they are down 4%. they are overhauling their in-store experience. focusing more on digital ordering and less eating in. the stock is down because they say they are going to lose $2.2 billion in the third quarter because of the virus, of course. the next one is amc, the movie theater people. they are set to reopen across the globe starting next month. no word on a set date. they will be open for some big releases like disney's "mulan"

and christopher nolan's "tenet." the stock is up 11% on that. best buy opening, reopening, i should say, 800 of their stores next week. no appointment needed now. they will be bringing back 9,000 furloughed workers. the stock is virtually unchanged. don't forget apple. don't ever forget apple. they will start letting employees back to their cupertina campus next monday. the reopening will be in phases. only quote, a very limited number of workers will return immediately. masks are required but look at that stock. $350 a share, up six bucks, 1.8%. what a company. let's talk about work from home. lauren, come into this, please. how many people say they are doing it now and they will do it forever? lauren: 70%. 70% of people, according to global workplace analytics, say we like this, we are saving money because we are not

commuting, we are saving money on child care, we will work from home forever. okay, fine. but what if your company says well, we are going to cut your pay as a result. i don't know the answer to that one just yet. but you know, the argument is that would balance out for a lot of workers because they are saving money with commuting. at the same time, the companies save money. check this out. this comes from the world economic forum. companies would save $11,000 per year per employee if that employee worked from home just half the time. so coming out of covid-19 i think we have more flexible schedules. you go to the office some days, you stay home on others. it's going to be completely different. stuart: yeah. i think the office rents, that's going to take a huge hit. because if you've got -- even if it's 50%, 60% of people keep working from home, they don't need the city office, you don't need to pay the rent. that's an extraordinary development. really amazing. all right. i'm foaming at the mouth about

this. another positive reopening headline from american airlines, putting more planes back into service, susan. tell me more. susan: yeah. american airlines rallied some 75% last week and they say they will reactivate 141 planes, so 83 of these will be airbus a-320, 58 will be 737 boeing. now, american airlines had parked around 435 aircraft and permanently retiring around 100 from their fleet. but look, 14,000 planes around the world have been parked because no one's flying during these covid lockdown times. american airlines ceo, by the way, is speaking out, talking about cash burn. he says at the moment in this month, cash burn is at around $40 million per day. that's a lot but it's actually less than $50 million per day that they had expected and we know that airlines across the u.s. are restarting routes and capacity more in july. stuart: do we have something new, new rules coming from united airlines? susan: we are talking about flight check. united airlines has asked all passengers to take health

self-assessments as part of the check-in process and they have also said part of their ready-to-fly check list will ask customers to confirm whether or not they experienced any covid related symptoms in the past 14 days prior to flying. you can imagine if the answer is positive or yes to any of these symptoms or if you have say a temperature, you probably won't be able to get on that plane. stuart: let's get the record straight here. the airlines are going to lose a record amount of cash this year. do we have any idea how much? susan: $84 billion. that's a record loss for the year projected by the international air transport association. they say profitability probably, hopefully in the year 2022 but what's the really sad part about this is the livelihoods, 32 million jobs are expected to be lost this year and that's despite the $25 billion coming from congress and the stimulus package. as for the problems for boeing and airbus, we have so many losses for airlines, they are going to cut routes, aren't they, so boeing as we know is

going through tough times although that stock did recover about 40% last week. but boeing said they only delivered four planes in the month of may. stuart: four planes in the month of may. that's probably a decade long low, i'm sure it is. susan: they also had 600 planes cancel so far this year. i think that's probably the bigger problem. stuart: i bought the stock at the wrong time, quite obviously. let's not get back to that. thanks, susan. music streaming stocks. we are putting them on the screen for you. spotify, apple, sirius xm. ashley, tell me, do you know what are during the virus? ashley:es have done well during the virus. others children's music. got to keep them yinlauren can speak to that. the second ton well, country music. how about spent ten years in

well. that's where i got my accent. 11 mrifrngs since mid-march. that's on 27 million streams a week. the last 22.4% in the last the question is, why country music some argue it's a form of comfort on say it's drinking. we know alcohol through the roof but are learning how older population that likes their country. stuart: we've got everybody on month. we have to ask everybody on number one country you first, ash. cash.

" "i "walk the line. stuart: un i'm liening at my ford fup truck, i do listen to country

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>> everybody is trying to shame us. the legislative. the press. everybody is trying to shame us into being embarrassed about our profession. stop treating us like animals and start treating us with some respect. that is what we are here today to say. we've been left out of the conversation. we have been vilified. it is disgusting. stuart: that was one of the top police union guys in new york

city, new york state slamming democrat, slamming protesters for treating police like thugs. martha maccallum is with us, host of the story on fox news channel. martha had that gentleman on your show last night, i want to show our audience another clip from that interview. role that tape please. >> you come when you are having an issue and we try to be the good person and try to be the person who helps out in that situation and 99.99% of the time it works out and then you have derek chauvin who will go to jail for the rest of his life, but nobody is talking to us was the only thing they are doing is throwing stones at us. stuart: seems to me the police are under siege. is that the way you see it at

the moment? >> reporter: i thought it was an interesting speech that he gave. we wanted to have him on to talk more about it to hear the police side of the story. a lot going on, police being investigated for attacks, police have been under an enormous amount of pressure in highly charged 10 situations across the country and i think that it is an understandable request to be asked to be at the table and there's probably a lot of truth to the fact that most police officers do not have this kind of capability to act, some offices act in these horrific cases that to get the heartstrings of everybody but when we look at different to physical difficulties we followed we have catholic priest who abused members of the clergy, the me too stories,

individuals who have been abusive and criminal towards women and there is a hesitancy to paint the entire group with the second brush. we are seeing that happening in this is an outcry to say we are not all like this. it was very powerful especially in light of the nfl hit with individual saying i am treyvon martin or george floyd. it is powerful and he deserves to have his side listens to. stuart: in your interviews and coverage of this issue do we have any idea what d funding the police really means? i honestly don't. do we have any understanding what would happen if we do defund the police?

>> you hear all kinds of definitions, it meant putting more money towards social workers who could work within the community, moving money away from the police force into other areas. when you come to questions of city budgets and state budgets you will run into these questions where the money should be allocated, people have to understand when you defund the police department you will have less people on the beat, the inability to get to the scene of what is happening quickly. even michael marist said last night we are not against reform or discussing these things are moving the needle in a positive direction but d funding the police in a broad way of looking at it as a movement, something black lives matter has as a major tenet of what they want to accomplish they see it as a wholesale - in terms of the way they look at

it. stuart: who protect the vulnerable? you are in your house, someone trying to break in the house in the middle of the night, you call the police and they have been defunded who is going to help you? minneapolis city council could not answer that question. she simply said the question comes from a position of privilege. i don't get it. >> what we know and covered, there is a tremendous need in urban areas for policing and what we see is a lot of high profile cases, after that we see on the part of police officers and some of these areas in st. louis after what happened to michael brown there is evidence we have seen it already in minneapolis where the police hesitate, stand up in the posture and what it

leads to is more crime in these areas. stuart: we always appreciate when you are on the show. stay on the issue of the police if i could put it like that, look at capitol hill left hand side of your screen, the house judiciary committee holding a hearing on police brutality and police accountability. we've been watching it all morning and it included this emotional moment from george floyd's brother. >> your big brother who you looked up to, i am here to ask you to make it stop, stop the pain, stop us from being tired. stuart: former secret service agent dan bopongino will testify shortly. we will bring that to you as well. a quick stock quote.

macy's's ceo says reopen stores, we are doing better-than-expected. that sent the stock up yesterday, they say recovery will be gradual. the stock is down 7%. macy's department stores, real problems. stop what you are doing and look at this brand-new video that shows looters breaking into the flagship store in new york city, they stole 10,$000 worth of merchandise. there is a video. the pro football hall of fame reopens for the first time since march, the hall is saying it will have its annual gain this summer but will fans be invited? we will let you know. south dakota never completely locked down for the virus and the governor says people i taking notice. >> if you want freedom, personal responsibility of the government that works for you,

south dakota is the place to get it. stuart: governor christie gnome joins us live after this break. and because we don't know exactly when this crisis is 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... i come face to face with a lot of behinds. so i know there's a big need for gas-x maximum strength. it works fast. relieving pressure, bloating, and discomfort before you know it. so no one needs to know you've got gas. gas-x and people you can rely on. i'm a dell technologies advisor. me too. me too. me too.

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stuart: down 200 on the dow industrials, most investors waiting to see what the fed forecasts for the economy.

that forecast appears in the 2:00 hour this afternoon. we, of course, fox business, will be carrying it. on your screen, i'm going to put four more states that are easing lockdown restrictions. michigan, minnesota, ohio, west virginia. ash, take me through michigan. what are they doing? ashley: well, we know there's been protests about the lockdown in michigan. well, now we have phase five, which sounds way along the line, does it not, in certain areas of michigan. that allows salons to open, movie theaters, gyms, indoor social gatherings, even organized events of up to 50 people are permissible. but only in a couple regions, the u.p., the upper peninsula and the traverse city area. other areas not so far along. stuart: susan, take me through minnesota. susan: phase three when it comes to minnesota. in the future, looks like restaurants and bars can have indoor seating up to 50% and salons can open up and barber shops up to 50% capacity. gyms and fitness centers, as you

see, 25% capacity. entertainment venues including movie theaters, reopening at around a quarter of original capacity. so you need reservations and workers still have to wear masks at all times. stuart: all right. come in, lauren. you tell us about ohio. lauren: entertainment venues, aquariums, movie theaters, country clubs, zoos, all open. still nothing on stadiums and spectator sports but that's quite a bit that you can do in ohio right now. stuart: one more for you, lauren. that's west virginia. lauren: okay. so private campgrounds and state parks, cabins, lodges, they are now open to out-of-state guests. that's interesting, because in the beginning, west virginia was saying we just don't want you to come here and park here and stay, because we have fewer coronavirus cases. that is changing a little bit. stuart: next one is south dakota. if you remember, they were never under lockdown. no restrictions to ease in south dakota.

so how are they doing? let's ask governor of south dakota, who joins us now. thank you for joining us. always appreciate it. obvious first question. did you have a surge in virus cases? >> no, actually we are, you know, i released six weeks ago a back-to-normal plan. we didn't close any businesses, we didn't issue any shelter-in-place orders. people had changed some of their behaviors and we are practicing social distancing, protecting the vulnerable population. six weeks ago i announced a plan for some things people could follow as guidance and we have only seen our active cases decline. we are in good shape in south dakota. i think as far as it comes to the virus, but also, limited job loss. our economy's rebounding quicker than i think almost every other state and we are doing quite well. stuart: i always think of south dakota as a farm state. i believe that's what you are. i've got to get this right.

i do understand that. farm -- the farmers have been badly hit with the china problem and other problems going forward. is the farming industry, if i can put it like that, in good shape in south dakota? >> well, you know, there's some big challenges out there. if you remember, last year we flooded all year so our farmers were impacted by not being able to plant. this year, we have also been struggling with marketing opportunities. the virus hit a lot of the processing facilities so now they have supply left on their ranches that they can't move through the system. we also have low commodity prices we have been dealing with because of trade issues for four or five years. agriculture is our number one industry and we feed the world and we do it better than anybody else. we do need our farmers to do better but stuart, what's interesting is tourism is our number two industry, and our state is full of people that have heard the message about south dakota. they heard about the fact that we valued our constitution here, our freedoms and our liberties

and are coming to visit us and we are more than happy to see those license plates show up from every other state. stuart: if i were to come to south dakota and drive across and look at some of the tourist attractions, would i get the impression that it was really back to normal, like normal used to be? >> i think you would, stuart. we've got, you know, signs posted to encourage people to have good hygiene, to wash their hands, to socially distance and to make decisions for themselves, but that's really what we focused on in south dakota is personal responsibility. giving people the facts. i had real honest conversations with them, gave them what we knew about the virus, things that they could do as guidance, and people overwhelmingly responded. so that's really what we are implementing in south dakota, is continuing to give them information but allowing people to make decisions for their families, for their businesses, and i think our visitors are seeing that that's a pretty special thing in this day and age. stuart: governor noem,

republican, south dakota, thank you for joining us. we appreciate it always. thank you. >> thank you. you bet. stuart: a couple stocks to check. first off, walmart. a new survey finds 48% of online grocery shoppers use walmart's pickup and delivery service. over other stores, it's a preference. walmart doing well in that direction. grocery prices, however, are on the rise as a consequence of the virus, apparently. kristina partsinevelos with us. can you give me some numbers on grocery price rises? kristina: i will, i will. we know americans right now are trying to cut back and often grocery bills are the first to see the cut-backs. we are seeing prices increase for certain categories, at the highest level in 46 years. i'm at the murray hill market. i want to give you an example, again, we are in new york city so it's expensive. this avocado is priced here at $3.99 but the guy told me it would be down at $2.99. nonetheless, one avocado. we have the latest statistics from the government, the consumer price index, that looks

at the increase for food prices for the month of may, and of course, guess what? it increased yet again. let's take a look at some of those prices. we know that poultry, meat as well as eggs all increased and that's contributing to the uptick but beef prices increased at the highest monthly rate we have seen ever recorded at 10.8%. we are also seeing dairy increase. one category that i know affects you, cereal and flour have decreased and that's because demand is down. i guess we are all getting tired of making that banana bread. i spoke to one food expert that said even if everybody comes back online, he's saying prices are expected to increase. listen in. so we don't have that sound bite. he was just saying we should expect prices to continue to increase in the coming year and month. we are seeing it across the board. that means that company costs will continue to be passed on to

consumers, causing shopping behaviors to change. i will end with this. again, the owner of this shop said he's already seeing a shift. he's seeing basket size decrease, he's seeing people buy less expensive items like some of the store-manufactured products and overall, we have over 35 million people out of employment due to the coronavirus, every small price hike is troubling. back to you. stuart: got it. thank you very much indeed. expensive new york city, i might add. there you go. three bucks an avocado. colleges, look on your screens, please, colleges can lose perhaps $50 billion this year as more schools turn to online learning. we will take a look at what's happening to student housing, on campus housing, that is. quite an impact. you heard my take. i'm saying baseball is shooting itself in the foot by not getting back on the field. eric hosmer is with us next. are the players aware of the damage they're doing to their own sport?

i will ask him that question next.

stuart: you know, it could have been so good. baseball could have made july the fourth its opening day but no. unless there's a last minute deal, that's unlikely, they will not play ball until late july or august. i think that is a chronic mistake. the players and owners are arguing about how to split the revenue from whatever games are played, 50/50, 60/40, 80/20, doesn't matter. there's no deal. talk about shooting your sport in the foot. okay. that's getting a little opinionated. that was a clip from my editorial, top of the hour. baseball is taking a hit. i know just the man to respond. eric hosmer is with us, first baseman for the san diego padres. eric, i don't want to sound harsh here, but do baseball players understand the damage which i think, this is my

opinion, that you are doing to the sport that supports you? are you aware of what you're doing here? >> i believe we are extremely aware. you know, the owners came to us in march and you know, asked us to take a 40% cut and you know, noted that we wanted the play or they wanted to play as many games as possible, and you know, we came to an agreement quickly, extremely proud of tony clark and the rest of the players association for continuing to, you know, react and answer quickly to these proposals and you know, do what we can to legitimize the season for this year, for 2020, legitimize a true champion for the 2020 season as well. stuart: but that was when it was imagined that you were going to have a season with fans in the stands, paying for tickets and paying for the concessions and the beer and popcorn, all the rest of it. there's not going to be fans in so you need a new revenue split.

i think, you know, you're going to get to that split. you've got to get a deal going here because you look real bad. >> we understand the players as of the past couple years, we've felt like we've lost a little bit as far as that end so now as players, we agreed that the deal we came to in march is as fair as possible and we continue to stay strong to that. i think it's more than enough that we've been willing to sacrifice from a financial standpoint and health standpoint as well, and we have continued to do our part in staying ready and staying ready to compete on the field whenever that time comes, and you know, bring america the joy of america's pasttime and try to get back on the field as quick as possible. stuart: when you do get back on the field, do you have any idea how many players will not go back on the field because they are worried about getting the virus? >> not aware of a certain number. i'm aware of certain guys and

certain guys having family members that could put them at risk as well. these are all discussions that we continue to have as players, as a union daily, but at the end of the day, as of now, the players that plan on playing are continuing to get themselves ready to get themselves, put their bodies in a position to compete this year and to play as many games as we possibly can to legitimize the 2020 season. stuart: can you tell our viewers yes, eric hosmer believes you will be playing ball in august? guaranteed? will you tell them that? >> yes, i surely believe that baseball will be back. we'll be playing in august and you know, like i said, the players i know, speaking on behalf of the san diego padres, continue to stay ready, to stay in shape and whenever that time comes, that we'll be able to compete on the field. i believe the padres will be ready to go. stuart: thanks very much for being on the show today.

i didn't mean to be too harsh with you. but maybe i was. eric hosmer, padres guy, thanks very much, sir. dan bongino is testifying before the house. let's listen in. >> dan and i were briefly reunited in 1998 but it was no joyous occasion. i was reunited with dan in the hospital in queens, where he was hospitalized with devastating injuries after pulling over off-duty to assist the driver in a critical emergency situation. he was hurt badly. dan was the very essence of a public servant. dan always put himself last while putting his commitment to the safety and security of the public he pledged to serve always first. that was the dan i knew. through my employment with both the nypd and united states secret service, i had the honor and profound privilege of working with agents and police officers who had committed themselves to a higher cause. just like dan, i met so many of these committed public servants

that sadly, i can't even recall all their names anymore. these are good men and women. yes, as with any profession, there are officers, no question, who aren't suited for the job. some will cause trouble, sometimes worse. we've seen that. but in my experience, this is rare and becoming rarer. the special agents i worked with and remain friends with to this day in the secret service join members of the nypd, new york city fire department on that tragic day of september 11, 2001 and what they did, they sprinted into those burning buildings and personally escorted people out. as we all know, those buildings collapsed, taking many of those brave nypd, fdny souls with them. those brave souls were running into the buildings. everyone else was evacuating. these are the types of people i was honored and deeply privileged to work with. public safety came first. everything, everything else came second. sometimes even their own

families. the defund the police movement will target these heroes. they are the police, these people. it's not some amorphous mass, it's real heroes in real time, right now. removing these heroes from your community and my community will do nothing but ensure chaos and destruction. police officers are the front lines, putting themselves between the evildoers among us and the honest, hard-working americans just yearning for security and prosperity and a small slice of americana. we can and should commit to police accountability, no question about that, but we can do that without shredding the thin wall between civilization and chaos. there are few jobs in the country as stressful as policing. i receive an e-mail or text a few times a year notifying me that the death or injury of a police officer i knew, worked with or knew someone i worked with. imagine this happening in your job. think about that just for a minute.

god forbid you found out a co-worker of yours was killed or injured in the line of duty in the course of doing their job. you didn't just get the text. you got this text a couple times a year. that's policing. that's what they do. they risk their own lives for yours. i'll say in closing i spoke at an event for police officers years ago and a spouse of one of these heroes said this. she said the most wonderful sound in the world for the spouse of a police officer is the sound of velcro at night. why velcro? because it's how a police officer's body armor secures to their bodies. when that body armor comes off and that sound echoes in their ears, the families of these heroes know that they are finally home safely. i ask you please, with the greatest of respect and humility, please stop this defund the police abomination before someone gets hurt.

thank you for your time. >> thank you. stuart: there you have it. dan bongino, he's a former new york city police officer and former secret service agent, testifying on the house -- on the hill right now. now, black lives matter is coming into nascar. bubba wallace is an african-american driver and i believe he's getting into a black lives matter car. can you tell me more about this, susan? susan: yes. he's going to be painting his car on the front hood and the back in honor of black lives matter so yes, you see here, the hood will feature a painting of white and black hand clasped with the saying compassion, love, understanding, and the same words will appear on the rear bumper. you know bubba wallace is the first african-american full-time driver in a cup series since 1971, and he's had a week where he wore an "i can't breathe" teeshirt and also said racetracks shouldn't allow confederate flags. nascar, by the way, is going to

see its first crowd this sunday in miami, a thousand servicemen will be able to attend. this is the slow recovery in sports series and nascar. this will take place this sunday in miami and then another race in talladega. actual people. stuart: i'm going to move briefly away from the protests but staying on sports, susan. i want to bring in lauren. talk to me about the nfl hall of fame game. looks like it's going to be played in august, is that right? lauren: august 6 to 8th, that weekend. it's a major weekend for sports fans. the game, the hall of fame game between the steelers and cowboys looks like it's happening as of now, with fans. the hall of fame says this in a statement. give us the green light and we will show folks how it can be done safely for fans, safely for participants and safely for the employees here. we feel very positive about the prospects of this happening in early august. it would be a test case for

kickoff september 10th, texans versus chiefs. we'll see if the nfl can indeed open safely for fans. stuart: i'm told that the game is sold out, lauren. i just got that in my ear. lauren: it is. it is sold out. stuart: we'll take it. thank you very much indeed. now this. college, well, it's going to look different this fall. some students will not be returning to campus. we all understand that one. because of online learning. bring in jeff amengual from dmg investments. sir, you own student housing complex complexes. i put it to you, they're not going to be full come the fall, are they? you've got a problem here. >> we think that there will be challeng challenges, having full occupancy in the fall. but at least two-thirds of universities have already indicated that they are going to do some form of online classes,

which would indicate that off-campus housing is still going to be viable and what we have been seeing is that even during the main period of the covid virus, many students have elected to stay in their residence off-campus because they didn't want to go home and contaminate family members. we suspect that that's likely to continue. stuart: okay. so it is a permanent shift in the number of students actually on campus and the way colleges will operate. you see this as a permanent shift? >> no, i think over time, things will start to re-align back to a norm. what they're seeing overall across the board is that students are still very interested in continuing their college educations. enrollments are, in some cases, actually up. they have been on hold for a period of time but now that they're getting a sense of colleges are going to open, they are marching back towards their

education, and marching back to the schools. stuart: you build, own and run student housing for colleges. i think that's accurate. i think -- >> actually, we own auden living, student housing apartments that are off-campus. we don't do it at the university. this is totally independent of the universities. stuart: rents are going to go down. we can say that, can't we? >> not necessarily. the demand is high. at our properties, we are seeing preleasing at 80% to 85% in many of our markets, and we expect that we are going to be fully rented so there's not a lot of pressure to roll rents back or reduce rents. stuart: okay. >> we think the opposite. stuart: okay. fair enough. we hear you. we will check up again later. thank you for joining us, sir. we appreciate it. thank you. >> thank you. appreciate it. stuart: more "varney" after this. guys! guys! safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%.

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of your screen he is 99. we're waiting to hear the fed forecast for the economy. we'll get that in the 2:00 hour. kind of on hold right now. still down 159 points on the dow's industrials. big gain for tesla. hit 1000 bucks a share. neil, it's yours. neil: stuart, thank you very, very much. we're following all of that here. we're off the worst levels of the die certainly for the dow jones industrials. nasdaq is one to watch. if we close over 10,000, the first time in history. we touched it several times. that is getting a lot of scrutiny. old names are still in vogue. we go to apple, we go to amazon, those are issues, technology favor the, now getting to be almost like mutual fund for entertainment, each and everyone of those of course disproportionate players in the nasdaq. that is dominating the theme but all-time highs as we look at apple and amazon