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 itself, amazing

runs here. they were safe bets and safe harbors in the middle of that whole virus storm. apparently proving that even after the fact right now. the point in the sell-off, everyone was abandoning stocks, no matter what their business prospects, how many regret doing that now? knowing that all of those issues have come storming back, in fact race to highs beyond their old highs. and, look at the dow, look at s&p 500. even with the sell-off here, five, six percentage points away from all-time highs. not too shabby. a lot of this is built on optimism, today notwithstanding about the reopening of the economy across the board despite more than a dozen case reporting spikes in cases, most say the spikes are manageable. that is really in the eye of the beholder. jackie deangelis breaking down what we're looking at. reporter: good afternoon, neil. you point out the nasdaq is

moving higher but the rest of the markets are pulling back. you have the push pull here as market moved high as you know, investors standing back we saw fears of lingering recession. it could take a little longer to get out of the woods. they're trying to process that. that happens when you move a little far too fast. as we said the reopenings are gaining traction. that is really important. here in new york city, the difference is palpable. every time you show the shot, it doesn't show what i see. i can tell you more cars on the road even more than what is being shown right there i even have to wait at lights to cross the streets, neil. that is welcome to me. that feels a little more normal. as of now, new york phase one reopening allows businesses for curbside pickup and manufacturing jobs and construction are on as well. phase two is expected by end. month. retail stores allowed to reopen during that phase. restaurants can reopen but with

outdoor dining only. office jobs can reopen, people can come back to work. keep in mind all these businesses are expected to follow strict health guidelines. capacity limitations will be in place. a whole new ballgame here with all new rules. meantime july will be a big month nationally as well looking forward. market is noticing that. some families are tired of being couped up. you will see some amusement parks start to open in orlando. disney and universal studios are both reopening. both are designing new plans to limit waits in line, that kind of thing. those new rules i mentioned. theaters will reopen in july. the company has not given us a specific date. likely it will be around the 17th of july, in time for a few expected summer blockbusters. retail stores are coming at the bit to open too. malls could be fully functional in july as well. people are excited to return to

normalcy, dr. fauci still concerned about people gathering in large groups. >> because everything is open and you can do anything you want, you till have to practice a depreof caution and carefully go through the process of trying to normalize. that means you should still be wearing a mask. trying as best as possible to have the physical distancing. you need to wash your hands as often as you possibly can and avoid congregations in large numbers. reporter: neil, we learned a lot in the coronavirus pandemic. personal hygiene practices as well. dr. fauci is saying don't abandon those. you need to continue to do that to keep the curve down. back to you. neil: thank you. jackie deangelis on fast moving developments. i want to go to washington d.c.

mike emanuel has been following hearing going on examining racial profiling, police brutality, what congress can do about it, one way, shape or form both parties will do something about this. the question is how much. mike, what are you hearing? reporter: good afternoon there was a motion right off the bat with the george floyd's brother speaking of his heart ache one day after the funeral. >> he still called him sir when he begged for his life. when you watched your big brother, when he you looked up to 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 call i'm making to you now. reporter: several lawmakers promised george floyd will not have died in vain, saying there will be change. his brother called on congress to respond to the reaction across the country and make it

happen. >> the people watching in the streets are telling you enough is enough. the people elected you to speak for them, to make positive change. george's name means something. you had the opportunity here today, to make your names mean something too. perry look up, what you did, big brother. you changed the world. reporter: top republican from ohio, jim jordan said there should be a bypartisan response from congress. >> there are 330 million people in this straight country, the greatest nation ever, not perfect but the best nation ever and they understand, they understand, the american people understand it's time for a real discussion, real debate, real solutions about police treatment of african-americans. reporter: a wide range of witnesses. social distancing at this hearing focused addressing bad policing, recent violence and

looting and racial profiling. neil? neil: all right, mike, thank you very much. my friend, mike emanuel in the nation's capital here. in new york state this fellow received enormous attention, not speaking out against the police but speaking for the police. take a look at this. >> everybody's trying to shame us. the legislators, the press, everybody's trying to shame us into being embarrassed about our profession. well you know what? this isn't stained by somebody in minneapolis. it still has a shine on it, so do theirs, so do theirs. stop treating us like animals and start treating us with some respect. neil: you know, those remarks were trending across all of social media by the millions. here is the fellow who garnered

all that attention. mike o'meara, new york state association of police benevolent association president joins us right now. mike, that was spell-binding, i know you were speaking from your heart, whether people agree or disagree whether the police have gone too far, certainly in the minneapolis area you pointed out something about basic numbers. that thereby far the exception and by far not the rule. did you change any minds you think? >> well, i hope i did but you know what? i know that i spoke about things that every police officer, every good police officer in the united states of america was feeling and it resonated with them. and you know, like i have said, i said it a number of times, you know, we, for the vast, vast majority of us we conduct ourselves honorable professionals. we conduct ourselves with integrity and compassion on a daily basis when we're dealing with the worst of humanity and,

you know, we were disgusted by minneapolis. it was a vial violation of mr. floyd and, we're horrified by it. so we understand there is a call for justice. we understand that, and there will be justice done in minneapolis, however, the conversation has shifted so that now saying the word police is a four-letter word in the united states. it's not. most of us, the vast majority of us conduct ourselves with integrity and respect for our fellow citizens. neil: fairly or not, mike, there are a number of young african-americans in particular who don't think that is the case. who think that the police target them or certainly are more inclined to go after them than they would a white person. what do you say to them? >> you know what? i don't know what to say to them

because, i don't know -- i understand, because the media puts out there and pays a lot of attention to police misconduct, which they should, they should but, we don't, we don't -- like i said at the press conference yesterday and i said before, 375 which is low ball number, 375 million contacts with the public every year in the united states of america and 374 million and change are, a lot of change, are positive. so is there bad cops? of course there is. there is bad people in every walk of life and, those cops should be punished for their misdeeds. we agree with that. we don't want to protect bad cops but most of us are good cops and that is being lost in this conversation. neil: so let me get your sense

of politicians are damned if they do, damned if they don't, wanting to rein in obviously protests, particularly the violent ones and at same time acknowledge that certainly what happened in minneapolis is sticking with a lot of people and they're angry about it, but this push now to defund law enforcement, what do you think of that? >> well, i don't know what that means. i think that, again, it is a scare tactic. i don't know why we're scaring the american public. there is nothing to be scared about. we'll put on our unforms and go out, put our shields on to do what we do every day and that is an honorable thing. defunding is a very, very nebulous word. so i don't know, do they want social, you know, people or social people to go to people as houses when they have a domestic violence incident? they can try it, but i will tell

you something, they can defund but the lowest possible denominator is always 911. when you call 911 we're going to respond because that's what we do. after they try these experiments with defunding, couple years later they will be refunding because there is going to be mayhem. neil: pressure building on capitol hill to do something as you know. among the ideas is changing police procedures, outlawing chokeholds that sort of thing. where are you on all of that? >> you know what? they just passed a law in new york to ban chokeholds. nobody is in favor of anybody choking anybody to death. it is almost a ridiculous question but that's why, you asked me, nobody else has asking me. of course people, like derek chauvin should be held accountable. we're saying that. we're saying it to anybody that

will listen to us. we're not in favor of people being choked to death by anybody, especially a cop because those are, you know, that is our profession. so am i against people being choked to death? yes? am i afraid that legislators will legislate with emotion instead of reason and make chokeholds worse than a gun? i think that's a problem because if i'm fighting for my life, i might, all bets are off. i'm doing anything i can to save my life. i shouldn't use a chokehold when someone is restrained but when i'm in the fight of my life, i got to do what i got to do, you know, that is the issues that we're coming up as police officers that we need to watch out for. neil: you know, mike, i know a lot of policemen and women, a lot of retired policemen and women told me to a man and a woman, i don't know if i would

ever want back in that business. a couple of my kids mo were looking to become cops themselves, said i don't know if i want my son or daughter to do this in this environment. are you surprised? >> absolutely not. i mean, we've had this conversation, police officers having these conversations on a daily basis in this whole country but, that's why, maybe, maybe my press conference and maybe -- people would have told me yesterday morning i would be talking to neil cavuto on national tv i would have told you you were smoking a substance. but that is the conversation we have to have. we have to say that every single person that you interview on either side of, on either side of this issue always says 99.9% of the cops are good, honorable people. we can't legislate to make 100% of the cops evil. you know? we're losing, something is

getting lost in the wash. i said it before, i say it again, i know all kinds of different police professionals and pbas all over the place. we want to be part of the discussion. we want to understand the emotion of the black community and we want to say, you know, we want to help, we want to help allay that fear. we want a community where everybody can live and prosper together. i'm dead serious. that is what police think. the media for the most part, and a lot of the people that are getting the mics put in front of them are telling a different story. that is not the story. you know, most of us, the vast majority of us are good, hard-working people. we're your neighbors and your friends and you know what? that is what i need to say. that is why i'm on your show talking today. neil: no, i'm very glad you are. you know, you made such an impact on social media, what have you, that might be any one

of a number of news shows calling you now, that, i wonder how some of your minority cops feel about this, african-american ones, hispanics, some of the others? there has been a great increase in diverse police force across the country and i'm wondering how they feel hearing that they're racists or target african-americans? how are they dealing with this? >> well, i'll tell you a story. yesterday after that news conference, the first person, the first person that came up to me was an african-american police officer in uniform and he hugged me and he said, thank you for saying what i'm feeling. that was the first person that walked up to me. so i don't know what everybody thinks. i don't know, i don't speak to everybody. everybody has the right to their own opinion but i know that was the first person that walked up and hugged me after that press

conference yesterday. neil: well i think there are a lot of people doing that virtually as well once they heard your remarks, mike. you're very passionate fellow. and that came through loud and clear. mike o'meara, thank you very, very much. >> thank you. neil: we'll have more after this you say that customers make their own rules.

let's talk data.

only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g - everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. that's good. next item - corner offices for everyone. just have to make more corners in this building. chad? your wireless your rules. only with xfinity mobile. now that's simple easy awesome. switch and save up to $400 a year on your wireless bill. plus get $200 off a new samsung galaxy s20 ultra.

♪. neil: what is that expression? better late than never? a lot of gyms and fitness centers are in the next wave of openings. we have the a ceo out of jackson hole, wyoming. they have gyms and fitness centers everywhere. depending on the state, depending on the locale some can open albeit with limited capacity. some are still waiting in this process right now? i guess it depends on where you are right now? >> yes, absolutely depends where you are. we've got about 600 locations open in the u.s. out of our 1200. we're kind of halfway there. we have a long way to go. but the situation is very dynamic. it changes sometimes by the hour. regulations obviously vary by state and local municipality. neil: so by and large when they open up, dave, the slow rollout

it is limited capacity, right? maybe 25% when things start. maybe you get up to 50%. where are you in this process? >> i would say i'm average right about 50%. so that means, you know, you have a six foot between every individual. no congregate negotiate lobbies. we're letting people in one by one. you know, just using best in class precautions to insure that folks that come are feeling safe. neil: and what to you do? if people, working out on a wait circuit, what have you, are they, or do your guys clean up after them? you know, what is that process like? >> yeah. you know one of the benefits of our class base is that our members currently are not sharing any stations. they're not sharing equipment during that period of that class. then after each class, we do a full deep clean of the entire studio during, extended break

before we bring a new group of folks for the next class. neil: what has been their reaction, dave? obviously a lot of people were craving this, just to get back and get fit? when they do come in they have new things to get used to. you have new things to get used to. what are they? >> fortunately folks are really craving to get back in. community is a massive part of our brand working out together. we made it real easy for folks if they want to wait, with no repercussions, wait a week or for folks returned significant amount of our member base. they love being back in it. they're feeling really comfortable because of precautions we have in place. they can come in to have a safe effective work out. there has been a lot of change. i think we're built on the community and trust aspect. we also really been intentional how we communicate what we're going to be doing before a

member walks through the door. so they know what they will experience ahead of time. we've done a bunch of video media. we've been overcommunicative. there is no question marks, so people know what they're getting into when they come to do their workout. neil: how did you handle the whole shut-in thing and sheltering thing? there is obviously added pressure of a guy like you to be in tiptop. i know the feeling, my friend. i wonder how you dealt with that and how do you deal with it now? >> it has been extremely challenging and i think the way myself and others summed this up, brand working to lead to put the best foot forward. a lot of things overnight were out of our control. i think we had to really group and lean on the trust and relationships we had with our staff, with our franchisees. saying we'll be in this together with you and so we increased our communication to our franchise network and really just leaned in to work together to figure out how to best to tackle a

really tough situation. obviously it has been highly stressful. of course everybody is also working at home, different dynamics with those that have kids at home too. kind of the whole world flipped upside down. we've leaned on each other. that is a difference maker to allow us to get through a really challenging three months. neil: i wishing you well. i wish you luck. i don't know how you do it stay fit through all of that but you did. dave long, thank you very, very much. good seeing you again. >> take care, appreciate it. neil: thank you, my friend. there is a new calls out to get rid of police department but what's odd, i noticed a good number of celebrities saying get rid of them. i know, this is abbott and costello thing, but you've got a security detail with you? , i don't get it.

♪. neil: we're a little bit early, talking to the head of the benevolent association order of police here, he is sick and tired of everyone pointing the finger at police and lumping them all into the same race-beating group. eric shawn has been following up now on many of the new york city detectives association who have the same mind-set here and have had it with protesters who dare attack any of their members. eric, what is the latest here? reporter: hi, neil. they have really had it. so much attention they complain has been on the protests, dealing with police violence against protesters and others but the union that represents nypd detectives, well, it is turning the tables. the detectives endowment association vows to sue any rioter, protester or looter who attack police. the first lawsuit has been filed

against a looting suspect who is accused of stealing items from a cvs pharmacy in manhattan. he claimed that the he was injured when the 19-year-old suspect resisted arrest. the union assuring that alleged rioters and looters face justice if prosecutors decline to file any charges. >> rocking thrown at them, shot at, assaulted, i don't know how much more they can take. they're putting up with a lot out there and, you know, they are the finest in the world. they're doing a fabulous job. but they're being demonized by the elected officials. reporter: but some doubt the lawsuits will succeed because of laws that protect the police. a civil rights attorney says for law enforcement officers to sue citizens, they should surrender legal restrictions that serve

them like qualified immunity, the fact that cities often legally indemnify officers from lawsuit damages that prevents police officers from being sued personally. >> if the police want to use the civil law as a tool in their policing, those of us who pay their salaries have the opportunity now to engage in some real reform which is, stop the endemification of cops. reporter: but the decktives union says it is pressing forward, starting with these lawsuits against those who attack police. you know, neil, the nypd says 354 officers were injured during the protests. this comes amid the controversy the fact that new york mayor bill de blasio and the city council are considering cutting some of the police budget and trying to institute some reforms neil? neil: did not go well with the

new york city police commissioner either. eric, thank you very much, eric shawn. wonder what joe miss cobow thinks about this? this is trending topic in america, discussing about the police, whether they're good or bad, whether we should rein them in or whether we shouldn't. in the new york metropolitan area this was all the buzz. joe, you have obviously dealt with shows on this, continue to. a lot of your listeners this is the number one topic. where are they on this reining in law enforcement? >> they defend the police. don't defund the police, defend the police. what happened in minn minneapolis, makes me so upset the hurt i feel for george floyd what happened, four thugs, i don't want to call them police officer, those thugs took the life of george floyd.

the nypd is the lowest paid police force in the country. i see them, after 9/11, what i went through, a lot of my listeners telling me it, was local police, it was the nypd that stood up. so my audience on am 970 the answer every single morning. we stand with them. i had sergeant joe from "blue lives matter." you cannot convict, you cannot indict police officers all over the country who are putting their lives on the line every day because of four thugs in minneapolis. it is not fair, neil. neil: we've been talking to a lot of folks on both sides of this issue, joe, a lot of them say, they're not like the guys in minneapolis but the default tends to be, go after the black guy. that if it were a white guy leaving leaving that store in minneapolis with having used or allegedly used a counterfeit 20-dollar bill, whether he knew about it or not, the white guy

wouldn't be treated like this, the black guy would. now, that comes up again and again. is that a fair criticism when you're, you know, listeners are talking about this? what do they say? >> well, you know, i talked to reverend jesse peterson today, kind enough to come on my show, i went on his radio show as well. and he said you're blaming the wrong people. first of all you and i could never determine what it is like to be a person of color in distressed areas of america. you just don't know. so i, i for 25 years i've dedicated my life walking the streets of camden, new jersey, when camden was deemed the most dangerous city in the united states. we helped build -- neil: right. >> back to the city. ambassador to the boys & girls clubs of new jersey, working with children of all color. so you can't, and walking those streets, neil, man, you can't describe how tough it is but that is tough for the police officer because there is a lot of crime in that area. so, and what reverend peterson

was saying to me this morning is that, you can't blame, you know, the white guy. you can't blame everything else. don't look to the police to blame. you got to clean up the community. you know, on fox business right here, neil cavuto, why aren't these big corporations putting jobs in the south side of chicago, in east st. louis, illinois, in camden, new jersey. nike, can't make sneakers in compton, california. they will do slave labor in some country which name i can't even pronounce? time for corporate america to go back to the top 10 inner disof united states of america, bring back manufacturing here away from china. away from these countries using slave labor and rebuild these inner-cities, with what, neil? jobs. neil: you know that is not a bad idea. i will steal that one as my own, by the way. i want to ask, i think, i think the genie is out of the bottle on doing something about reining

in police departments, whether it goes too far owe defunding issue you raised, who knows. i found this story hypocritical, l.a. city council leader reining in on defunding the police, eliminating police, we only come to discover that council leader gets to and fro with a security detail. i'm leaving aside big hollywood names who have the same security detail. i'm not begrudging some of that need that, use that for their own safety but it is okay for them. doesn't seem to to be okay for others. >> what the mantra is, governors say stay home, don't move, don't get out of your house, don't open business. i saw interview with the business owner. telling us what to do, telling us what to do, but the politicians are being paid. the politicians are getting pension and welfare.

they're having 401(k) taken care of. they got their security. they got their car. it is such a hypocritical double standard by these politicians. you know what? we the people, we're done with it. it's not fair. open it up. this whole pandemic seems to be, you know, a lot of was inflamed. they're doing same thing about the police. leave the good police officers alone. you know, be fair and, by the way, can we open the businesses? let's go back to work. if i may, neil, this is a great country. my people, the ones behind me i joked about last time we're on, that is the boat my grandfather came from italy on, right there? went to north new jersey, right? they taught me how great this country was. it is the united states of america. we don't hate everybody. we love everybody. they're looking to blame all the wrong people. you got to go to the distressed areas, neil, i know this. i know we joke around, we have fun. a lot of time i'm on stage, i'm

entertainer but there was a man, if i may mention his name, raymond chambers, he was a wall street icon. gave up everything, gave back to north new jersey, his hometown. he is now curing malaria with the united nations in africa. this man stout me how to give back, give back for you. the police are not the problem for the most part. in minneapolis yes, maybe. not around the rest of the country. it is not thing white man, big bad white man. look to the community. create jobs. will take 10 years, 20 years, neil to turn the communities around. if you bring jobs and bring something that the folks, some kind of, order within those stressed areas you will see all the problems go away. i really believe that. neil: i think you're right about that. i also think that your relatives featured on the wall behind you would be very proud of you right now. probably shocked at your success but very proud of you right now. joseph, thank you very much.

one thing that is so great about joe, if he gets people like that on his show, he hears all sides, calmly without pointing fingers, without shouting. you know might get some people who don't share that view and get angry, but he does it with just class and integrity. it is possible, my friends, it is possible. we'll have more after this. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these.

powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. and people you can rely on. i'm a dell technologies advisor. me too. me too. me too. and if you're a small business, we're with you. we are with you. we're with you. we want to help. so we'll be right here. at home. answering your calls. providing support. and standing by you every step of the way. bye bye. (vo) at whether on the track,that exhor the everyday drive.ty, 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.

♪. neil: all right, a tough day for the dow. not so the nasdaq right now. it is comfortably over 10,000 up about 61 points. i think you know this theme that's been developing here as it sprints to records here, looks at some impressive gains. the fact of the matter, it is propelled by big technology names. apple and amazon, disproportionately accounting for that. facebook not hurting matters. everything, almost everything in technology helping substantially. i wonder how long this lasts? of course i have a very smart guy who can sort this out. ray wong constellation research

ceo, joining us out of palm springs, california. ray, always great to have you back. nasdaq is one thing, what is going on but i do notice that, it seems to succeed in sheltered and unsheltered times alike. some of the names leading the parade are very ones that were leading it in the middle in the worst throes of this. what do you make of that? >> you know, neil, you're completely right. this is the gamma trade, twin dollar club. a couple characteristics near monopolistic digital models, monetizaton models. they're in the cloud. they have got digital channels. they have subscription models. they're automating and they're using a.i. all of that comes together to give them a winner takes all advantage. neil: you know, how would you classify tesla? i know it is an electric auto concern but i look at it as a technology stock and obviously it has been racing ahead. i'm just wondering, when you

hear people say this will be a 10,000-dollar stock and all, where are you on this? >> i love tesla and i think part of it is really about the spirit of american ingenuity, american capitalism and the model. what is behind tesla, is the fact that they are making the big bets, the crazy bets. it is a tech company. it is a data company. it is looking at not just transportation but also energy but it is the value in that data. think about a fleet of tesla cars, the energy network in solarcity and all the other things they're planning in the future from vehicles and driving, they're able to take that data and use that data to create new products and services, when they launch the network, it is not just a car company, it is about using data to figure out where energy consumption is changing. how to renegotiate power purchase agreements. what does mapping look like? how do i change preferences to help you with personalization and advertising? those monetizaton models are in the future of tesla. it is volatile stock.

we have it at about 1000. that is one of the things you can't say, hey, we're looking at the fundamentals. you're betting on the future with tesla. neil: yeah with a lot of these companies we are, right, ray? and one of the things i always ask you do you ever get concernn they get to the nose bleed? why don't i take my profits now? amazon has had 45% run-up in year. that is incredible run. they seem to add 30, 40, 50 points a day, what do you tell people? apple is the smaller because the stock price is smaller but what do you tell them? >> you know, i love these companies because the way their business models are set up. the way they take large networks of users. they use that to actually build digital monetizaton models. what i tell people, these will be here for quite some time. this is basically the equivalent of the industrials we remember back in the day, of ges,

boeings, honeywells, holding up the dow. the nasdaq is equivalent of the new economy is, if you want to bet on the new economy stay there. amazon is a great example. they're taking market share from retailers. they're taking market share from the advertising space. they're taking market share from the conglomerates. these companies are conglomerate stocks and portfolio stocks what is happening in the digital world. neil: you're right about all of that. my friend ray wong, constellation research ceo. we should let you know, j&j, johnson & johnson says it will begin human trials for a coronavirus vaccine, get this, in july. that is like next month. it's not alone. after this. just over a year ago,

i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights to getting my money right. so thank you. ♪

sawithout evenon yoleaving your house. so thank you. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have to pay for the data you need- starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines.

get a $50 prepaid card when you switch. it's the most reliable wireless network. and it could save you hundreds. xfinity mobile.

♪. neil: all right. we know a lot of companies are working on vaccines set to deal with the coronavirus. what surprises us a little bit when a big name like johnson & johnson says it's ready to human trials for its own vaccine in late july.

so that is a lot earlier than expected. the read on all of this, the promising potential offerings out there, a board certified cardiologist and assistant clinical professor of cardiology at the mount sinai school of medicine. doctor, good to have you back. do any of these, doctor, hold promise or curiosity are to you or is it still early to tell? >> there are a lot of reasons to be optimistic at this point. we covered this before. phase three trial, already very advanced stage in this process but as he said, to develop a vaccine need to follow linear sequence, you have phase one, phase two, phase three and phase three does not start unless we have good preliminary data from the prior phases. we have the european government decided to work in conjunction and fund and start trials by

july, human trials. those are meant to have at least 30,000 subjects that will be with placebo. that is good news. they're pairing up, focusing manpower and resources to develop this vaccine faster. neil: doctor, you know we heard about 14 states that have spikes in virus cases in the middle of their reopenings. i guess none serious enough to stop those reopenings or even slow them but what do you think of what you have heard and seen? >> those numbers are definitely concerning for the health care community. it is very simple. the more you put together, the more cases you will see. i do think each place has to take the numbers individually and you have to open up, staged up following those markers we have and where the benchmarks are complying with the cdc guidelines. neil: what about average americans who, you have seen a

lot of them throng together for the protests? they feel that is their constitutional right. they feel that. i get that. certainly will lead to a spike in cases, right? these are hundreds of thousands of people across the country, dare i say around the world who have been protesting the arrests and subsequent deaths of this guy in minneapolis. i'm wondering the george floyd death notwithstanding, are you worried that the protests to address that are going to lead to a worsening in the number of cases, not only in this country, probably especially in this country but across the world? >> absolutely, neil. unfortunately they intersect and they can make each other worse because if we look at those images, there are all these large gatherings. people are in contact. there are a few cases reported to be linked to the mass protest. it will get a little worse as

people do not comply with the social distancing. neil: all right. we'll watch it very closely. doctor, thank you very, very much. for all your hard work, just looking after us. that is no easy job there. or taking certain anchors questions, no easy job there. dr. pete tree, thank you. we have a lot more we'll show you. corner of wall and broad. the dow is one thing. nasdaq is big thing. the technology laden index is racing ahead. don't blame apple and other components like microsoft within the dow. do blame boeing. that is accounting for disproportionate amount of selling but in the nasdaq those very same names excluding boeing are what have us in record territory. more after this. rests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

and assemble more vehicles here than anyone else. it's why at moment's notice we can take american ingenuity and our manufacturing capability and put it to work. building respirators, ventilators and face shields. building what we've been building for over a century. an unbreakable connection between the ford motor company and america. and let me tell you something, rodeo... an unbreakable connection i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home.

it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. you've probably been investing in your home for years...

making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. unlike ordinary wmemory supplementsr? neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. memory, focus, accuracy, learning, and concentration. try neuriva for 30 days and see the difference.

when this crisis is don'going to be over and we don't know exactly when the stock market will reach its bottom, we've got to be prepared for this to last a long time. if you assume that you're out of work for nine months but you end up only being out of work for... neil: all right. we're following two rapidly developing stories right now on the market front and on the political front. first on the market front. it's getting a little bit of attention because it has a big old 10 in front of it. 10,000 plus. that is the number on the nasdaq right now and that is a record. if it holds today, it will be the first time ever that technology-laden index has closed above this number here. that is something everyone is watching because this is one average that was just pummeled

obviously in the throes of the coronavirus and sheltering and now storming back. we are monitoring that. now to the political development we are very very closely following and that is what is happening on reining in police forces around the country. grady trimble has been following that because chicago has its own plans, one of at least half a dozen big cities that want to change the way police operate there. reporter: the state of illinois is considering licensing police officers. this proposal would essentially allow the state to revoke that license and get rid of officers even if that officer's department doesn't. right now, police in illinois, they are certified. they can lose that certification but that threshold, it's pretty high. for example, if they are convicted of certain types of crimes but if they were licensed, the state could yank that license for misconduct, not just certain criminal convictions. so in illinois and other states, want to show you this graphic, these are some of the

professions that the state issues licenses for. accountants, interior designers, teachers. chicago's mayor and the state attorney general, both democrats, argue the same should be the case for law enforcement. okay. we don't have the sound bite. but they say if your barber has to be licensed, you should have to be as well. illinois's attorney general tried to pass licensing requirements when he was a state lawmaker after the shooting in ferguson, missouri. they removed that policy from the legislation to get police reform laws passed. the national police association does not support this without additional information. they say each department has oversight already in place and every law enforcement agency across the state would need to be on board with this policy in order to avoid a legal fight. neil? neil: all right. grady, thank you very very much. we will see how that goes. meanwhile, another political fight is brewing, this where the president you know doesn't want

to have the republican convention in the state of north carolina, charlotte, north carolina. because he says the democratic governor there is sort of dragging his feet on what is ultimately going to happen there and whether they will have a crowd or distancing measures, never mind the governor is thinking about the safety of the conventionee conventioneers. republicans are looking at other sites. blake burman on the other sites and how close they are to a decision. reporter: it is starting to become very clear that the entirety of the republican national convention at the end of august will not be taking place in charlotte, north carolina though we are told that some events, some meetings will be taking place in charlotte but the big celebration, really what we have come to know on television as the convention, most likely going to happen elsewhere. among the possibilities that the rnc is looking into, jacksonville, florida, savannah, georgia, nashville, tennessee, phoenix, arizona and dallas, texas. i'm told that jacksonville is viewed at this point as a strong contender, though as the trump

communications director said earlier today, no final decisions have been made. >> my understanding is that determination has not yet been made. i think those reports should be considered premature. what we do know is that the convention and what people think of as the convention they will see on television will not be occurring in charlotte. reporter: what about charlotte? well, an rnc official told me that could mean a $200 million economic loss for that area and conversely, a $200 million gain for whichever city might get the big show. north carolina's democratic governor, roy cooper, has consistently said health experts and data will help guide crowd sizes. president trump wants a packed arena and the white house says that can mean a big loss for the tarheel state. >> the president is very frustrated with the politically motivated governor of north carolina who is not doing what's in the best interest of his state which is to bring economic boom and economic activity and the great resources that would come with holding a convention.

reporter: one thing to keep in mind when we talk about jacksonville, florida which has moved to the top of the list, florida, swing state, republican governor, there's a republican mayor in that city as well, hotels. i'll take you all the way back to 2005. you might remember the super bowl then that was held in jacksonville. one of the big issues then was the amount of hotels. they actually had to bring cruise ships into the port there to accommodate all the guests. cruise ships right now, packing a lot of guests on to them, probably not a realistic or ideal scenario. one thing to keep in mind when you talk about jacksonville as one of the possibilities where they might move the big speech and big celebration. neil? neil: real quickly, are they concerned that is the white house, that for whatever valid reason, that they could lose north carolina, snubbing the state for its convention? reporter: north carolina, a swing state, florida, a swing state, arizona this year, believed to be a swing state.

georgia, a state maybe that you could potentially fit into that category. tennessee, not necessarily a swing state. so if they take it out of north carolina, but put it into florida or put it into arizona, polls there for example show martha mcsally trailing by double digits so there's a lot to talk about with arizona. yes, if it does come out of north carolina, that could lead to a concern. as you know, they put conventions into states to sort of highlight and focus that swing state, but the options they have on the table right now do include other very very important swing states as well. neil: as you remind me, it's ball that all about the electoral vote. blake burman on all of that. you have been hearing about the number of states that have their own moves, north carolina is a good example there, that tick off a lot of residents and in this case, the president of the united states about some of the strict stipulations there, a lot of local leaders, mayors and the

like, would like that control for themselves because what might be one size fits all for the state isn't necessarily good for their community. alan is a somerset, kentucky mayor and he wrote that he and other local officials should make that call, not be at the whim of whoever is running the governor's mansion. thank you for taking the time. what reaction have you gotten to this? >> well, so far, thanks for having me on, neil, it's been tremendous. folks in my community have asked me to advocate on their behalf. i appreciate the president passing some control down to governors but i think it's important in areas like mine, we are a small community in southeastern kentucky, about an hour south of lexington and a couple hours from churchill downs where the derby's held, we want to make decisions on what's best for our folks and our businesses. neil: so i know you have a

democratic governor, but was it ever moving in stages like new york that has a big rural or at least not nearly as urban area upstate, where the issue of the virus isn't as extreme as it is downstate, in the more populated areas, or has it been kind of that one size fits all? >> it's been more one size fits all here in kentucky. we have had stages of recovery, stages of reopening. some of our challenges and frustrations have been that not only is it too slow, it has been disproportionate. we still don't have child care open for our working families here on main street and it's frustrating when working class kentuckians want to get back to work and can't because they don't have miles an hour anywhe send their kids. it's been frustrating. neil: i hear what mayors and folks like you are saying, but i don't want to endanger people, either, and we have seen spikes in cases, i don't know if that applies in kentucky, but

certainly in 14 states it has and there's a concern here if you rush it too much or try to push a reopening a little too soon, you will see the same spike and that's what he's trying to avoid. what do you say? >> right. i would say we will focus on risk mitigation. this narrative that there will be risk is really a false premise. we push for strategic and safe reopening. kentucky was one of the only states in america, maybe the only, that closed chiropractic care. we were having trouble going to an optometrist, things like that don't line up with common sense. most kentuckyans are asking for it and people in my community were happy when that needle was moved up a little bit. neil: we will watch very very closely. have you heard from the governor on this? >> no, we haven't. we haven't yet. but i know they're listening. restaurants, the tourism destination, i know you're familiar with the bourbon folks, the valiant green berets, went

to afghanistan, that economy is vital in this part of the world. i hope and trust they're listening even though we haven't heard directly from him. neil: we will listen and watch carefully. mayor, thank you very much. very good having you on. meantime, want to draw your attention to what's happening on the corner of your screen. while the dow is down as i keep saying, it's important to keep saying it because it is historic if it comes to pass, while the dow is off just a little bit in the scheme of things, it's the nasdaq that's getting the attention. this technology-heavy index is hovering in record territory, well over 10,000. we hit that a number of times intraday. we never closed over that. the significance of that with rebecca walser and connell mcshane. you have been reporting on this back-and-forth, it sometimes takes awhile for averages to tease a level but this is a big one, isn't it? >> especially when you remember nasdaq 5,000 back in the day. seems like so long ago. that was the high during the

tech bubble. now doubled many years later. it's that huge round number and something is to be said, i think, about round numbers but just in general, how the market has run up not only the nasdaq but the other averages off the lows from dow 18,000 plus to 27,000 plus. it will be really interesting to see how jay powell, the fed chairman, handles himself in the next hour, trying the balancing act of letting investors know that he will continue to have their back because we all know and have accepted the fact that the federal reserve has supported this rally off of the lows, but still, i would think try to buy himself some time to see how the summer goes, to see if there is a second wave of the virus, to see how severe that might be and then to see how governments react to it, because if you are the fed now, you've gotten to this point, there's been some criticism but you have gotten to this point and now can you buy yourself some time to see us through it into the fall when we might have more information about the economy

and the health situation. neil: you know, to his point, rebecca, obviously we will listen very closely what jerome powell has to say, not that anyone expects a move on rates, i don't think we go any lower unless we want to try negative rates, but he might telegraph this not moving on rates, keeping them near zero through this year, through next year, gosh, maybe through 2022. where are you on this and the rewards and risks of this strategy? >> i think connell is exactly right. i mean, the federal reserve has injected over $2 trillion into the economy since march, and that was really, you know, historic and we needed it. i agree with that. i'm not a big government interventionist, but we needed it. we closed down voluntarily, stopped everything in its tracks, so the fed acted appropriately. i think connell is exactly right. we are going to basically hope that he -- the federal reserve chairman jay powell is going to say listen, you know, we had some good jobs numbers last

week, i think that's actually why we're down. everyone is expecting they are not maybe going to get as much support from the fed as they were expecting with such great job numbers on friday, and i don't think that's necessarily the case. i don't see any rate changes, and i definitely hope we stay away from negative territory because i don't believe that will help us at all. but we do need to have some powder in the keg so that if something happens going forward from here, that we still have some reserve help that can come in. i'm not looking for super aggressiveness but i do hope that he indicates the fed is still willing and ready to do what they need to do to support the recovery. neil: another quick point, this idea the fed chairman seems to be much more worried about the virus and its still sticking around and the spike in cases, that it's still a variable to him, and i'm wondering how that plays out. would that alarm investors if they hear him saying hey, i'm

not sure we have beaten this? >> you know, it's interesting, because i do think -- i thought that was for rebecca. go ahead. neil: go ahead, connell. go ahead. [ speaking simultaneously ] neil: i'm blaming it on connell but it's all me. go ahead, rebecca first. i did mean it for you. sorry for the confusion. but this idea that maybe that could rattle the market if he goes on and on, that is, powell, about the virus and he's not convinced it's licked. >> yeah. i don't think that -- i think we have some positive momentum. i think that people, i'm hearing reports all over the country that there's a lot of those saying the virus is so low it won't be classified as a virus anymore. not to bring in the science of it but if jay powell comes out and sounds very negative about

the future on the virus, and a second wave, that's not going to bode well at all for the investor sentiment today. i don't think we are expecting that at all. i hope he steers clear of that and unless except to say that he wants to be prepared in the event there's a future that needs additional fed support but beyond that, i hope he doesn't linger or belabor the fact that he thinks we could have another wave of virus. that's not what we want the hear from any government official right now, to be honest, from an economic perspective. neil: yeah, but you do have, connell, right, obviously dr. fauci is worried about it. he's gone on record saying he's worried about it. does it carry more heft if jerome powell is? >> well, he's only going to react, right, i would assume, to someone like dr. fauci. that's his wheelhouse. the fed chairman's job is to react essentially to the reaction. i think what's interesting about the market right now, you talk to investors about it, is that

there are some concerns, certainly about a second wave. people see the numbers in a state like texas where there are two straight days of record hospitalizations, they see numbers going up in florida and other states, they do see all of that. but to me, the bet is that it's not so much there won't be a second wave but for investors, maybe it would be wrong, the bet is there won't be a second shutdown, that the reaction to this will be a manageable one that we'll be able to get our way through it and that the economy won't shut down to the extent that it has been shut down for the last few months, even if there's a second wave. again, those bets as you know could always be wrong but i think that's a lot of what's driving things, that in addition to what rebecca talked about, support from the federal reserve. try to keep both of those things in play, saying even if we have more cases, we won't necessarily need to shut down as aggressively as we did the first time around. neil: yeah. i wonder if we ever do this again. we'll see. guys, thank you very much. sorry about thatt confusion. always good having both of you. meantime, we are still

focusing on the nasdaq and this runup here. we will keep a very close eye on that. keep a close eye on what's going on with gold. interest rates here, very supported in this environment. and we will keep you updated right now on what is happening in these reopenings and the states that seem to be doing it right. because that's the wind at the collective market's back. incomparable design makes it beautiful. state of the art technology makes it brilliant. the lexus nx experience the crossover in its most visionary form.

experience amazing at your lexus dealer.

neil: all right. let the sports world, well, continue. major league soccer, the 2020 season we are told now is going to kick off again with all 26 clubs that's going to start july 8th. now, if you're asking about major league baseball, that's another story. charlie gasparino has been following all of that. charlie, what are you hearing? charlie: neil, there's a lot of contingency onies on whether wel have a major league baseball and how it will look. one of the contingencies commissioner rob manfred has to deal with is the likelihood covid will give a second wave and that could likely come in the fall and if that comes in the fall, how will that impact major league baseball if we do have a season. for that reason, he wants everything to be over in terms of major league baseball, the playoffs and everything, by

september, late september. because most people, most scientists are pretty much in agreement that we're not done with the covid virus and there could be a second wave, hopefully it's not as bad as the first wave. where we are right now is this. nobody knows exactly what type of season we're going to have. players came back with a proposal yesterday, as i said they would. it was more of the same. they want full pro rated salaries. that means they get their full salary pro rated over a certain amount of games played. that's likely to be rejected by major league baseball which basically says they don't have enough money for a full pro rated salary, particularly what the players want is 80 games. from what we understand, manfred's objective here is to negotiate with the unions, to try to come up with some sort of solution that precludes him from doing, hitting the nuclear option, so to speak and just saying listen, we will play 50 games, that's how much money the owners say they have, take it or leave it and who knows if we are

going to have a world series. that counterproposal, from what i understand, could come today and it will be very interesting how it looks. will it be we play 50 games, super-short season but we can negotiate as it goes on, do they come back and say okay, players, you want 89 games, we will give you 75 and give you 90% of your salaries. we don't know. from what i understand, that is coming down today. i think what's going on here, to be honest with you, is both sides are getting embarrassed. they are embarrassed because the public is quickly losing patience with the league. the public is hurting, this is a country in distress right now, not just for the pandemic but from the protests and the other issues over the recent racial hostilities. it needs somewhat of a diversion.

what they see is two bibbickerr sides of millionaires and billionaires not playing baseball. i think they both know a lot's at stake. they need to come up with a solution. we could hear that solution, i hear, as early as today. tonight, the 2020 draft does begin so there's a lot on the plate of major league baseball. back to you. neil: real quickly, would they start playing in early july? they've got to move fast, right? charlie: yeah. they got to have somewhat of spring training. got to get into shape, got to kick out the cobwebs. all depends how big of a season they have. they got to do this fast. we are in june already. you want to start on july, you want to have a real season, a real season is not 50 games, you got to start around july 4th. that time is running out here. i think this week, the rubber meets the road one way or the other. we will either have a super shortened season, 50 games, or

we will have a real season. but the only way that happens is if both sides compromise a little. the owners will have to pay a little more, maybe not full pro rated salaries, maybe 90% of pro rated salaries, you know, players have to give some, too. that's where we are right now. again, you know, this is a public relations war. this is a huge business. let's face it, the owners are willing to pay billions, they say they are losing billions. it's a business story here. but it's also a public relations story. both sides look really bad right now. i think that's what's forcing the issue of a compromise. we'll see. they are also very entrenched on both sides. the players think the owners have been making billions off of them for years, why should they give up anything right now. the owners saying hey, there's only so much money to go around, we have fanless stadiums. that's how we will do this. we get a lot of our revenue from fans. guess what? there could be a second wave. there's likely to be a second wave, according to most scientists. that's where we have it. very difficult situation. but we should be getting some

daylight, i think, today or at least i think as late as tomorrow. no later than tomorrow, on how this is going to shake out. neil: yeah. to your point, everyone else is starting up, amusement parks, disney, they will be starting up next month. so people are moving on. baseball's got to do something soon. amazing. charlie, thank you very very much. charlie gasparino on that. we are also following right now not only what's going on with the nasdaq but have you seen what's happening with the leisure stocks, some of the big, you know, cruise ship operators? they are acting like people are going to go back to the business in huge, huge throes. are they right? after this.

now more than ever, you need technology you can rely on. and people you can rely on. i'm a dell technologies advisor. me too. me too. me too. and if you're a small business, we're with you. we are with you. we're with you. we want to help. so we'll be right here. at home. answering your calls. providing support. and standing by you every step of the way. bye bye.

♪ (announcer) reliability is everything. so, if your network's down, you're down. verizon knows your customers need to reach you seamlessly. your team needs to work from different places across many devices. plus, you want the security trusted by some of the largest companies in the world. and that's why you trust us. the most reliable network in america. 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. ♪ with trelegy and the power of 1, 2, 3, i'm breathing better. trelegy works 3 ways to open airways, keep them open, and reduce inflammation for 24 hours of better breathing. trelegy won't replace a rescue inhaler

for sudden breathing problems. trelegy is not for asthma. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. think your copd medicine is doing enough? maybe you should think again. ask your doctor about once-daily trelegy. we know times are hard and we're here for you. find support at trelegy.com.

neil: all right. time for a little quiz here on "coast to coast." what do "gone with the wind" and

"cops" and "live pd" and "body cam" have in common? they are all being scratched from their respective networks in this post-george floyd era. the abundance of caution, so as not to offend anyone. jackie deangelis is taking a look. jackie: george floyd's death certainly raised awareness about racism and many companies want their customers and the public to know they are listening, adapting and changing and trying to do better. hbo max, for example, whose parent is at & t, has announced it will remove "gone with the wind the wind" saying it's a product of its time and depicts some of the ethnic and racial prejudice thaprejudices that have been present in society. those racist depictions were wrong then and are wrong today. the move comes after john ridley, an oscar-winning screenplay writer, said the film

perpetuated painful stereotypes and ignored the horrors of slavery. hbo max added the movie will eventually return but with disclaimers and some context so people can understand the full picture. then long time tv classic "cops" also getting canceled due to recent tensions. the show is actually set to start its 33rd season on paramount network on monday but the network has decided to pull the program from its lineup. this is coming just a week after we learned that affiliated marketing partners were asked to suspend advertising of lego sets and hollywood isn't the only entity dealing with this right now but also last weekend, "new york times" and "philadelphia inquirer" saw editorial headlines that were insensitive to some of the employees and those editors resigned. companies are saying we hear you and we are listening. neil: all right. jackie, thank you very much. jackie deangelis. meantime, we have been

telling you so much about technology stocks and what's been happening with the nasdaq that we didn't want you to think there were other activities going on here or searches going on here, including an uptick in cruise bookings, from carnival to all these other guys who even though some of them are not even sailing right now, just the fact they will eventually has investor interest soaring as well. the teletravel president and cofounder joins us now. james, what's going on here? >> we are seeing it, neil. we are seeing the whiplash, that's what it was called when the temperature of consumers was taken, their intentions, we are seeing the whiplash return of the travel market and consumer confidence. i think -- neil: the cruise surprises me. a lot of them were related to cruises, people stuck on boats, so those are sort of images that stick in people's minds but they

have obviously gotten past that. >> well, you know, cruises actually, i always thought travel would lead us out of this economy, and cruise is leading the travel industry. it's a bit ironic given the pummelling the cruise industry has taken over the last couple of months but starting in mid-april, and until mid-may, i saw a 300% increase from the depths of this back to some serious numbers and i have to tell you, in the last few weeks, we have doubled that over again. neil: that's wild. james, where are people looking to go? obviously maybe very long distance cruise, cruises in asia, i would imagine not popular but i could be wrong. what's hot right now? >> no, you're exactly right. first of all, we are booking in the fourth quarter and the first quarter of next year. it's really important people say

when should i cruise and the only answer is when it is safe to cruise. but we are getting very close to that. so it's fourth quarter, first quarter next year. it's closer to home. the caribbean is the big winner. it's familiar, it's safe, it's fun, certainly, and you can drive to a port in the united states and take a caribbean cruise for millions of cruisers. air is still an impediment, those long haul flights, people are just not comfortable yet. the airlines have a little more work to do to convince us that we want to get on a long haul flight. we have seen some surprises. domestic river cruise which is a product that's been around for a long time. the mississippi river, the great lakes, the columbia river in the pacific northwest, charming product. beautiful, great service, great food. but it is hot now because it's easy to get to without a big

flight and again, it's closer to home. the sad story is alaska. a critical billion dollar market canceled, the entire season by the canadian government. there's even a loophole there, though, because for small ships below a certain level of capacity, they are still allowed to cruise. so there is actually some opportunity there. but an economic impact on the state of alaska is going to be dire. neil: why was it you couldn't leave or disembark in vancouver, but there are plenty of places south to go, right? >> sure, but most cruises leave out of vancouver and most of the cruise lines, all the major cruise lines in the u.s., are waiting for approval from the cdc and the coast guard to start

sailing again. neil: got it. >> and that means we are going to miss this season. the season in alaska lasts only through september. neil: yeah. real quickly, many states, i don't know how many now, certainly abroad, like england, have these 14-day quarantines that are in effect for those visiting from outside the country. hawaii might still have this in effect in this country. is that a problem for travelers? >> well, it's a problem right now. but i think these are short-term issues. there are some long-term policies and changes that are actually, if you will allow me, they are sort of gifts to us from this adversity of the last couple of months. they are learnings that will stay with us in the long term. but those kinds of policies, even masks, social distancing, those are necessary right now

but they are short term. they will not become part of the new normal. there are new technologies and there are creative solutions to hygiene issues and health and safety that will stay with us for the long term, will make us better as an industry. neil: we will watch it closely, james. thank you very much. i did not realize a lot of that was happening beneath the surface. james ferrara, travel industry extraordinaire. also following this desheltering process that's going on. while a good number of people are looking forward to getting back to work and making some money, many have been working from home and making some money and they don't want that to change. get this. a lot of their bosses don't want it to change as well. after this. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. their award-winning content is

tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now, you're binge learning. for a limited time, get up to $800 when you open and fund an account. call 866-300-9417 or visit tdameritrade.com/learn. ♪ and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage

of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's free, no-obligation reverse mortgage loan guide.

access tax-free cash and stay in the home you love. you've probably been investing in your home for years... making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better.

neil: by any chance, any of you

have kids heading to college this fall? i'm betting, i'm betting since i have one of my own contemplating the same, you don't know for sure whether they are going back this fall, at least for in-person classes. a good many are still holding back because of liability concerns and the rest, and that's added to a world of confusion. gerri willis is following all of that. gerri? gerri: hey, neil, that's right. a bill to protect colleges and universities across the country from lawsuits stemming from covid-19 cases is expected from republican leadership on capitol hill, but i have reached out to several law makers today and we are now being told a timeline on such a bill which would also include protections for businesses, is up in the air. in a statement, senator john cornyn telling me leader mcconnell and i and others are working on a proposal that would put common sense reforms in place to protect those acting in good faith from being sued into oblivion. now, without such protections,

many schools have been reluctant to open for in-class instruction, as you said. harvard's medical divinity, education and law schools have announced plans for courses to be online this fall. other colleges are planning shortened periods of in-person instruction. michigan state, virginia polytechnic and miami university of ohio, planning a fall semester that either ends or goes online by thanksgiving. despite the planning, many colleges are calling for liability protection and they are taking that all the way to congress. the likes of the ncaa and association of american universities writing to lawmakers, demanding shields against getting sued. at the latest hearing on all this held virtually, of course, senator elizabeth warren pushed hard against the president of brown university, who is calling for such a shield. watch. >> if someone dies, what message does it send to our families and our students?

>> i do from being care protection from being careless. that's not favor of very carefully protection i or form commits us to be careless there are a lot of people who don't much they say frivolous lawsuits tonight work in a court of law. neil? neil: gerri, thank you issue issue about the coronavirus depends on the federal reserve chairman, do ymention when he addresses report nounsment on the course offing a move on rates. they are at 0 him to expand on

the virus itself. we'll see. when you say what you're in the mood for,

the xfinity voice remote will find exactly that. happy stuff. if the groups happy, i'm happy. you can even say a famous movie quote and it will know the right movie. that'll do, donkey! you're expecting prince charming?

you can learn something new any time. education. and if you're not sure what you're looking for, say... surprise me. just ask "what can i say?" to find more of what you love with the xfinity voice remote.

all right. is not a problem so we can keep interest federal reserve will

outline in a. to the grocery store. kristina partsinevelos. kristina: it's a daunting task coming days with social distancing protocols but-increasing prices of food to that headache. we received tfor the month of my and we prices increase especially compared to last year. we are seeing foib, fish, eggs that skyrocketed due to aupgs well as plant manufacturers would be bee. dairy products over 5%.

look at that. gory that dropped in may was cereal and floured major disruptions in the and closed down hundreds, adding to increases in prices. blooifs the prices will be high in. >> cost of putting plex sy glass barriers up, marks on the floor. we'll see the highest food prices we've seen in decades. not 2.6%. we'll see double-digit increases, because a lot of factories have to invest a lot of dollars to reconfigure themselves. reporter: they're passing costs along to consumers. you see this graph back in 2019, the average transaction would be 50 bucks. 50 to 55. we saw the jump. it is hovering $65 every time

you do the grocery order. especially this location, murray hill market, they told me they see fewer items being brought, especially more expensive ones. manufacturers are responding. makeer of oreos will look smaller sizes cheaper, and campbell's, family packs, per ounce. all this to make sure they don't lose customers. neil: oreo are making their cookies smaller they will lose this guy. we'll see what happens. reporter: neil, to that point, double-stuffed, double-stuffed i'm a little hesitant if it is really double or not. neil: i share that as well. i recommended quintuple stuffed, but they ignored me. that is their call. that is the rock you perish on, oreo man. christina, thank you very much. whether this should be a concern

to the federal reserve, i don't know, dan gelcher joins me now, best-selling author. we were talking about other stuff, but it is interesting on the food front. it could be anomaly or pandemic related and will be short-lived or the federal reserve could make a mistake if it keeps rates at or near zero for a long time, what do you think? >> it will be a tough call, neil. i don't think the fed is heading in that direction at this point in time. everyone is basically saying that we'll stay at zero interest, and that inflation is just not going to be a issue. obviously based on what we just heard, this may be something that is a little unexpected, neil, we'll have to see how the fed and jerome powell will process this. maybe we're going to get some hints later on today as to which direction this is going to go in?

neil: how do you think this whole reopening thing is going? you and i are new jerseyites, we've seen what is going on in new jersey. it has been a bit bumpy. even with spikes in cases you don't want to see, they seem we're told to be manageable but it's a clumsy rollout. how are you kind of weighing all this? >> i'm looking at how my clients are seeing it, neil. and i think everybody feels that there is going to be a lot of pent-up demand out there. i mean, governor murphy of new jersey yesterday, just lifted the stay at home orders. so that is letting people at least get out with proper hygiene measures. neil: right. >> still i think people are really trying to get back to normal and for a period of time, neil, i was thinking that the recovery is really going to be, you know, a series of ws, barring if we have a real spike in the virus i actually believe we could look much more of a v recovery because i think people

really want to get back to normal, start spending, and have this be the way it always was. neil: there you go. get those restaurants going, my friend. dan, thank you very, very much. he has great restaurants by him by the way. we'll have more after this.

♪. neil: all right. we continue to watch the nasdaq

over 10,000. we're waiting on federal reserve chairman. we're eager to hear what jerome powell is doing ratewise next year or two or three. let's take it to charles payne. hey, charles. charles: neil, thank you very much. in fact thank you all. this is charles payne. we're starting a little early right now because we're just moments away as neil just mentioned from the federal reserve, jay powell and company. how creative can they be to keep that pump primed? will they cap yields? will we go to negative rates? will they once again invent new tools? at 2:30 we hear from federal reserve chairman jerome powell himself, expected to reiterate the u.s. economy is still in need of help despite the huge jobs gain on friday. indices are mixed ahead of the fed decision. nasdaq continues above 10,000. it continues to be a powerhouse. will small businesses get help from federal government.

we'll bring you important hearing from capitol hill featuring treasury secretary steve mnuchin. for right now, folks. let'slet's go to washington, d.. edward lawrence waiting by with fed's big decision, edward. reporter: everyone is waiting to see what the federal reserve will do. we'll hear from federal reserve chairman jerome powell on the decision at 2:00 which is right now on the button. now has been released. the federal reserve will keep rates the same. they will keep rates the same through 2022. is their projections. if you want to get into the weeds a little bit, in 2022, one of the federal reserve presidents or voting members sees rates going up to just about 1%. another one sees it half a percent. that is only one out of 12 for that. the federal reserve will continue to purchase 80 billion of u.s. treasurys per month and 40 billion of mortgage-backed securities per month. the real change in gdp for their projections, they see it down this year, 6 1/2%. projections for unemployment, under 1