people need to make decisions for themselves. if you are at risk, stay at home. if not, go out, live your life i think it's time. dage dagen: mind your own business. that does it for us. "varney & company" is up right now. david asman in for stuart today. david: great to see you. thank you very much. good morning, everyone. stuart is back tomorrow. the big story today, monday morning selloff. stocks set to fall 2% to 3% at the open after friday's modest rebound. the market is worried about recovery. virus cases are going up as the country reopens and that is causing concerns of a possible second wave and a slowing down of economic reopenings. the news out of china, a resurgence of the virus tied to a wholesale food market. the fed's robert kaplan talking about the need to wear masks and if that doesn't happen, it will hit the recovery. that's a fed president talking about medical policy. what's that all about.

meanwhile, larry kudlow still sees a v-shaped recovery, calling for 20% growth in the second half of this year. we have anarchy continuing in seattle. and the mayor there still calling it a block party and a summer of love. meanwhile, the governor of tennessee says the same thing will not happen in nashville. senator marsha blackburn from that state coming up on that. and new york's andrew cuomo threatening to shut down manhattan again if social distancing guidelines are not followed and the city hasn't ever really reopened since it all began. meanwhile, the trump campaign moves its tulsa rally to saturday, but there are still concerns about social distancing there as well. the trump campaign joining us in the 11:00 a.m. hour. big show ahead. i'm david asman. good to have you here on monday. "varney & company" starts right now.

the health care response at this point is as important as fiscal or monetary policy, and in particular, it's critical based on my conversations with epidemiologists that people widely wear masks, that we have good testing and contact tracing and i think the extent we do that well, will determine how quickly we recover. we will grow faster if we do those things well and right now, it's relatively uneven. david: that was dallas fed president robert kaplan pushing personal health care as a form of economic stimulus. come in, keith fitz gerald. keith, another down day and you're not as bullish as you were a week ago. i think the comments of mr. kaplan leading to some of the bearishness in the market, why is he talking about medical issues like wearing masks?

>> it's hard to say. i'm not a medical expert myself. david: nor is he. >> well, exactly, but i do know for example, when we are at home in japan, one study i saw over the weekend said 95% or more people are wearing masks, transmission is going down versus in the united states, we have less than 20% or 25% wearing masks. there's some sort of economic correlation. on that mark, he's good. but to draw a broader conclusion, we have to open this country. we have to get people back to work. we need to take care of those who are at risk including, for example, my family. so i don't know what the answers are but i do know we've got to get this open. david: absolutely. look at what's happening in the market today, we are down about 566 in the futures. we have gone from the optimism of reopening the markets and our economy to the pessimism of what we see in the riots every night and new virus threats and the response of people like governor cuomo threatening in a kind of peevish way to shut down all of

new york for the foreseeable future. >> you know, that's like the dog ate my homework. there's some sort of punitive angle to what he's saying. again, we've got to get this country moving because it deserves it. that's how you build a future. the longer we stay closed, risks aside, we have to be prudent but i think we can get it done. that's the important part. but this is all about psychology right now. that's it. the numbers don't even matter. 's t it's psychology. david: i remember a lot of people freaking out in april when the markets crashed as a result of the shutdowns and everything. some people, i'm lucky enough to include myself in that, bought in at the bottom. downward movements like we're seeing now do provide opportunities, don't they? >> no question about it. i have a favorite saying. you have to be in to win or else you won't win. you aren't buy low and sell high. if you are a long-term investors, opportunities like this, no matter how painful, how

scary, how unsettling they are, history shows very clearly for the right company, this is an incredible way to grow your portfolio. you just have to have nerves of steel. david: all right. you have those nerves of steel and it's paid off for you and a lot of people you are investing for. stay with us, keith, if you can. we've got a lot more to talk about. but let's talk about china and that market where there appears to be another outbreak. i guess it's in beijing, right, susan li? susan: in the capital of beijing. we are talking about 80 new cases, this cluster in total. 36 new cases on saturday alone, that's a record number, by the way, for the chinese capital, beijing. two new cases were found on thursday, three on friday. they say that 98,000 of those that have been related back and linked back to this vegetable and fruit market just outside of beijing has to be tested. can you imagine that number? beijing and china has prided itself on being able to lock down cities as they did with wuhan, when they found a new cluster, locked down that city

of 15 million for ten days after a second cluster was found. in beijing you do have a lockdown place in certain parts of the city, certain clusters and this is concerning for those at the epicenter of the outbreak which is china, the fact you are seeing this resurgence and concerns that maybe there might be a second wave that has global markets and global economies a little bit concerned as well. david: susan, as we know, the initial virus outbreak happened as a result of the animals infecting human beings and then it became human-to-human. do we know whether this is human-to-human or whether animals might have been involved here as well? susan: we don't have that information right now but just for your reference, china has recorded 83,000 covid infecti s infections. here in the u.s., that's more than i would say five times that and in china, 4600 deaths. it's a different conversation whether or not we believe these numbers but it's the remerge ens of cases across the country that has people concerned.

david: now back to new york, weather was gorgeous in new york city over the weekend and of course, lot of people with cabin fever went outside. come in, lauren simonetti. governor cuomo was not happy about that but he wants to take it out on the whole city as a result of a few people going out, right? lauren: that's right. governor cuomo says he is threatening to reverse the reopening because of violators. listen. >> before i reverse a statewide position, i'll tell you what i'm going to do. i'm going to reverse it in those areas that are not in compliance with the rules. manhattan and the hamptons are the leading areas in the state with violations. local government, do your job. if we have to close, then people are going to hold you accountable. lauren: so david, he's putting

the onus on local governments. well, let's talk about new york city which is in phase one. phase two is expected to start in early july. a lot of people are looking forward to that. well, mayor bill deblasio, the mayor of new york city, says this. we have social distancing ambassadors out all weekend distributing masks and encouraging people to disperse after making their purchases. these businesses are allowed to be open per the governor's guidelines and we don't believe imprisoning people or taking away their livelihood is the answer. he said look, it's takeout, don't hang out, and the sparring between cuomo, the governor and deblasio, the mayor continues as we are seeing in other places, not new york yet, infections go up. david: you know the craziness about all this is when this all began back in march, it was exactly the opposite. the governor was getting on the mayor's case because the mayor wanted to close down the city and the governor wanted to keep businesses open. now it's exact -- i mean, you know, it's not just me that's

saying this. you are hearing a lot of people in new york, manhattan and even outside of manhattan and new york saying we are run by a bunch of clowns. they don't know what they're doing. lauren: the rules do seem to change every single day. look, you have protests, so many people so close together wearing masks for the most part but if you can see that and do that, why can't you have a restaurant be open for outdoor seating? david: or go to church. lauren, thank you very much. lauren: there you go. david: now let's talk about the seattle protesters, where things are completely out of control. they continue to occupy the capitol hill autonomous zone known as chaz although there's some talk about maybe changing that name. here's what seattle's police chief had to say about all this. roll tape. >> my concern as the police chief besides i want to be back in our precinct doing the work is we don't want anyone there to be harmed. we don't want this to be something that devolves into a

force situation. so we're really trying to take a methodical, practical approach to reach a resolution where everyone gets out of here safely. david: keith fitz-gerald, you are still with us and you are from seattle. you are our guy in seattle. now, that same police chief just a couple of days ago was saying look, this is not the summer of love. there are stories or we get calls about rapes, about physical -- other kinds of physical violence, about robberies. we can't answer those calls because our police are being kept out of the zone. >> well, exactly. you know, i grew up in that neighborhood, exact neighborhood, just blocks from where all this is taking place. so there's always been a progressive spirit but she wants to have public safety at the forefront. she acknowledges there's got to be massive change, there's some very important conversations that have to take place, but she's very very right and people are fearful because they cannot

get police assistance when they actually need it. david: why is the mayor calling it the summer of love? that's what we are expecting for the entire summer. >> you know, that one is absolutely jaw-dropping to me because that is not the case. maybe she thinks anarchy is a great thing but i can tell you what, there's a lot of people in seattle who don't think that's such a great idea at the moment. david: particularly if there are calls about rapes and robberies going unanswered because of all this. it's insane is what it is. keith, thank you very much. let's get a check on boeing premarket. it's going to be a big drag on the dow as it is a huge component of the dow mu. it's down about 6.25%. moderna, the drug maker, bucking the trend. it's up on news that israel wants to buy its covid vaccine. that's good news. it's up about 5.25%. check the futures right now. they are down about 627 points on the dow. 63 on the s&p, little less

percentage-wise, and the nasdaq down about 134. but that's the least decline percentage-wise of all the indices. meanwhile, national economic council director larry kudlow says it's all about the economy. listen. >> i think we're off to the races in what will be a very strong v-shaped recovery. david: what does former reagan economist art laffer think about that projection? i will ask him when he joins us later this hour. as occupiers continue to take hold of seattle's cop-free zone, the governor in tennessee warns that autonomous zones in his state, unlike in seattle, will not be tolerated. tennessee senator marsha blackburn is here to react to that. but first, the deadly shooting of an african-american man by atlanta police is sparking a new wave of nationwide protests and debates over the use of deadly force. already, it was a burning of a commercial enterprise where it all happened.

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david: let's take another look at the futures on kind of a stormy monday as far as the stock market's concerned. dow jones is down about 590 points. of course, the markets open in about 15 minutes from now. s&p futures down about -- little less percentage-wise. the nasdaq holding steady down about 119 points. that's 1.2% drop. next case, the city of atlanta, georgia, bracing for more unrest after an autopsy revealed that rayshard brooks died from two gunshot wounds to the back. we are going to be showing you that video. viewer discretion is advised for this. you will see why. some may find this material disturbing. roll it.

>> you've had too much to drink to be driving. put your hands behind your back for me. put your hands behind your back. >> hey! [ gun shots ] david: now, as you can see there at the end, the taser was grabbed by the suspect, he pointed the taser immediately before being shot, you can see he actually fired the taser. let's bring in raynard jackson. this is awful. another black man dead as a result of a police shooting. we don't know all the details. we want to be clear about this. lot of people are prejudging it. but isn't this incident not quite as clear-cut as the george floyd case? >> thank you for having me on

your show. i agree with you 100%. this may surprise your audience. i have been black most of my life and we have got to stop blaming everything on racism and bad policemen as a default position. you are absolutely right. minnesota was clear-cut. this, dave, the guy actually wrestled with to policemen. he was a pretty big, strong guy, took the taser away, ran. now, most folks are saying because he ran and his black was to the police, there was no imminent danger but he turned around with the taser gun and as you rightly said, he fired it. to me, i was appalled that the mayor came on tv saturday night, says the police officer in question was fired. what about due process? what about an investigation? this is not a clear-cut case. i agree with you. david: meanwhile, the black lives matter movement is using

it as more evidence that we should defund the police. now, a lot of democrats were normally backing black lives matter, pushing back on that, saying there are steps we can take short of defunding police, but what is your view of all that? >> i tell you, i have talked to a lot of my liberal black friends all across the country over the weekend, even in atlanta, and not one of them thought this notion of defunding the police was a great idea. welcome to donald trump's second term. david: exactly. speaking of which, he's about to have this rally in tulsa. do you think that should go on even though there's been a slight spike in tulsa of the coronavirus? >> i used to live in tulsa. i graduated from oral roberts university. i had the pleasure of talking with a lot of folks who were part of that black wall street. they were elderly by the time i met with them. to sit at their feet and hear

their stories, i would tear at your heart. i'm glad to see the president move the day from friday, junteeju juneteenth to saturday, and i'm sure the president will issue a strong statement in celebration of juneteenth, because i'm sure the president has an understanding of juneteenth which is why he moved the rally. i don't see a problem with holding the rally in oklahoma. we take necessary precautions but we don't need the government mandating our every move. david: thank you very much for being here. great to see you. appreciate it. next case, seattle's capitol hill autonomous zone. demonstrators marking one week of overtaking an area of the city without police presence. now protesters in nashville, tennessee are gearing up for something similar. come in, senator from tennessee, marsha blackburn, tennessee republican. great to see you. republican senator, your governor now says that this sort of thing that we are seeing play out in seattle will not be

tolerated. how do you stop it? >> the governor has been very precise in saying he was not going to tolerate this and actually, it's a misdemeanor offense to camp on the state capitol property or legislative plaza. this is an area that has been used for peace ful protest for decades. that is what it's there for. people come, they express their opinion, they gather, they clean up behind themselves and they move on. but to come in and do a takeover is something that is not allowed and the governor has said if you try to do this, we are not going to stand for it. david: what bothers most people, senator, is that right now, there is a total breakdown of law and order all over america, that you can burn and loot and even take over part of a city, nothing happens to you.

meanwhile, if you trying to open a barbershop in michigan, you have your license taken away and are threatened with jail time. what's up with that? >> yes. the double standard is something that we hear a good deal about, david, and here is the thing. we can't function under mob rule because we are a nation of laws. we abide by the rule of law. and this business of defund the police is foolishness. this business of mob rule and not allowing the rule of law, of trying to live through anarchy, of encouraging lawlessness, this is something that citizens do not want to see. what i have found in tennessee is people love their community. they love their state. they want everyone to be safe. they want equal justice under the law.

and they very much oppose this rioting, this looting, this taking over areas, this trying to assert anarchy. david: we have to go, but right now, anarchy is winning and law and order is losing. i hope that turns around quickly because momentum unfortunately is on the wrong side of this issue. great to see you, marsha blackburn. thank you very much. taking a look at futures, the dow is down about 2.25%. s&p down, nasdaq as well. we will follow it closely. the opening bell when we return. looks like they picked the wrong getaway driver. they're going to be paying for this for a long time. they will, but with accident forgiveness allstate won't raise your rates just because of an accident, even if it's your fault. cut! sonny. was that good? line! the desert never lies.

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david: let's get back to this selloff. it's holding steady. dow is down about 600 points premarket. we've got about two minutes before the market opens. let's go back to our friend jeff sica. jeff, you are not buying on this dip. why not? >> well, because i think this market -- this market is on shaky ground. we have had this incredible surge and there were a lot of opportunities, especially in march, to buy. nobody wants to hear -- no investors want to hear about an uptick in cases. you have 20 states saying that there's an uptick in cases. we have to see how that pans out before we jump in, because if

this uptick continues, then we are looking at a continuation of the slowdown and needing fed assistance again for small businesses so if i were an investor i would just hold steady. david: i don't want to make your case for you. you do it eloquently enough. but it's not justi the uptick i cases. again, in tulsa it's not a huge uptick, certainly not by new york standards, but it's the concern and the feedback we are getting from people like governor cuomo saying we will shut all of manhattan down for the foreseeable future as a result of some rowdy partiers over the weekend. >> yeah. and that's the irony of this all, because we were all so enthusiastic about moving through these phases, then you have the government come in and make statements like that as if they are going to punish us for people needing to get together. a lot of these people are getting together outside and following the rules so nobody wants to think there's

incompetent leadership. david: how long do you think manhattan can stay like this? i mean, we have to open soon or we are going to have decades of trouble. >> yeah, you have the financial capital of the world that is not moving forward. the momentum has come out of this market, has come out of this economy, and the momentum has to begin again or we are going to have serious problems. you can't shut down a city like new york city for too long. they got to get her up and running because that's our hope for the northeast. and probably for the entire country. david: right. well, at least for the northeast. huge influencer. jeff sica, thank you very much as we see the dow down about 2.5% right now. holding steady to where it was in premarket activity. we only see one green on the screen. that is walmart. now intel is up a little bit as well. now only one out of the dow 30 is positive. the s&p is also down by a

slighter, less percentage mark. it's down under 2%, just barely. the nasdaq doing better than the other two indices, down about 1.5%. all down but differences of slight degree on the various indexes. let's get a quick check on boeing. this is the biggest drag on the dow today, right? susan: and people concerned about the 737 max as we know, that boeing alerted some of its components makers including spirit aerosystems to slow down any parts manufacturing and don't have great expectations the 737 max will fly any time soon this year, in the year 2020. analysts only 45% of analysts are calling this stock a buy. the average target price is $180, $180 a share which is pretty much where we are now. that's less than the typical dow 30 stock, where more than 50% of analysts usually call the stock a buy but in this case with boeing and the fact they only delivered four planes, by the

way, in may, the lowest in a decade, there are concerns about big business going forward. david: then of course, there are the companies that buy those airplanes. the airlines themselves. lauren, any good news there? lauren: this has been a volatile trade. the good news is coming from united, they say they hope to stem their loss of bleeding money to $30 million a month from $40 million -- a day, sorry, not a month, come the third quarter. look at the damage. united down 8%. same with american airlines. but to give you an idea, if you look at american airlines, if you go back one month, it's up 85%. 85% in one month. united is up 56% in one month. so they are really very volatile. when there are signs the country is reopening and it's looking good, they go up and vice versa. cruise lines also down in a big way today. carnival cruise lines is down about 9%. david: all right. let's check tesla now.

susan, it had -- it is down a little bit. it's down about 1.9%, about 2%. but there is some good news. car registrations in china are soaring, right? susan: yeah, that's right. car registrations are up 150% in the month of may. this is what we call sequential growth from april. same thing also by the way with model 3 deliveries, tripling in the month of may from april. we know that the china business has really helped propel the stock this year, up above $1,000. just last week, mind you. then we also got two downgrades from the likes of morgan stanley which actually downgraded tesla, saying that it needs more capital first of all, it also has near-term demand pressure possibly from the u.s. and also china and people buying tesla cars in these economic depression times, and also, competition when it comes to technology. there are other electric car makers out there, namely gm, ford and the like, and goldman sachs says look, we have a price target of $950, $1,000 apiece,

way above that, but still, we hold a positive long-term view. how can you discount somebody like elon musk, who you know, talks big, goes big and says we should go all in when it comes to the semi-truck. david: yeah. even with gas prices at these low, extraordinarily low prices, i rented a car for a week's vacation, it was so cheap to get around. tesla is still doing -- it's just up over 1,000, now down to $911 a share but still, way up from where it was. looks like there's no stopping. all right. walmart, the one green or at least it was just barely green on the dow moments ago. lauren, they are testing a whole location, entire location, without cashiers. tell us how that's working out. lauren: they are, in fayetteville, arkansas. look, what we have seen from coronavirus is it has accelerated trends or what tried to be a trend in technology that we started to see before the virus. i'm sure you have been to a

walgreens or home depot, where they have the self check-outs. do you like it? debatable. i usually have to raise my hand and get someone to come and help me. but walmart is saying look, this is safer because there's less interaction and they hope it's faster. that's where i'm giving it the question mark. i don't know if it's going to be faster. at least not at first. david: i had to raise my hand at first, somebody came over and helped me. it doesn't take that long to learn. i think we will adjust to it pretty quickly. then there is spotify or shopify, excuse me. they are taking on amazon, they are actually in the green, up about 5% today. susan: in the premarket, they were up close to 8% at one point or 7%. this is a stock you really have to pay attention to. i know we always talk about amazon but this is the second largest e-commerce player in north america. this is a stock you really have to keep an eye on because it supplies the payment systems for a lot of small and medium size businesses and even large ones like pepsi, and kylie cosmetics.

i know you know that. what's powering the stock today is the fact that first of all it got an upgrade from piper sandler that upgraded the stock to overweight, means that you could actually see more e-commerce penetration from this company, two to three times by the year 2030 and it also launched its own shopping app, meaning it's a shopping app where you can go and buy and purchase goods from different brands and different companies directly on the app itself. some people see this as a challenger to amazon, since they already provide the back room pay system, why not do the front and customer-meeting part of i guess the checkout delivery system. david: by the way, as i'm now doing my own makeup because of the virus, i do know a little bit about cosmetics. you're right. all right. let's take a quick check of the big board. it is a selloff monday. down about 2.5% on the dow, 629

points right now to the south. check the ten-year rate, if we can. the rates are still extraordinarily low. .67% on the ten-year treasury yield right now. it's down about 3.3 basis points. extraordinarily low. usually when you have a market selloff like this, there's a flight to gold and other safe currencies. not today. gold is down about 26 bucks, $26.40 down on gold to $1710.5 an ounce. so there's down in the markets and down in gold as well, and in oil. concerns about perhaps the economy slowing down from another edge to this virus and whatever edge that might tashke. we have already seen a peevish governor cuomo, i'm calling him, suggesting that all of manhattan has to shut down because people were out partying over the weekend. it was a beautiful weekend in

new york. so economic activity may come down and as a result, using less oil. oil is down about 4% today. meanwhile, fast food businesses have been staying afloat these last couple of months thanks to their drive-through business models but will that trend continue beyond the pandemic for others? we have a live report coming up on that. and one luxury watch company is taking a stand to back the blue. listen to this. >> so many of you have given your lives to protect ours. to keep us safe. we will not stand by and let your work go unnoticed. david: i think that's a beautiful ad. you should watch the whole thing. we have the man behind the ad. he joins us in our 10:00 hour on exactly why he's defending police despite the calls to defund them and what feedback he is getting both pro and con. and white house trade adviser peter navarro says the

president wants another $2 trillion stimulus. larry kudlow is predicting a v-shaped recovery but how is that going to work out? i will be asking former reagan economist art laffer, next. there are people who say things aren't made here anymore.

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i think with the rescue package and the reopening of the economy as we transition, 80% of small businesses, according to the chamber of commerce, are reopening. business applications, new business applications, are roaring. tremendous demand for housing and homes, that's new homes. i think we're off to the races in what will be a very strong v-shaped recovery. david: that of course was white house chief economic adviser larry kudlow, sticking with his suggestion that the economic recovery is off to the races. here to react is art laffer, former reagan economist. art, great to see you. thank you for coming here. i hope things are good in tennessee.

i imagine they are better than they are in new york where we are still in closedown. what do you think about the v-shaped recovery? it's kind of hard to stick to that prediction when you have a monday morning where the market's down 600 points. >> it's hard to stick with anything when the market is down 600 points, david. it's just depressing as all get out. but larry kudlow's about as good as they come. he knows his numbers. he knows his financial stuff backwards and forwards. if he says it's a v-shape, i'm willing to concede that to him. i think he's right. i think all the indications are that it's going to be very rapid recovery back. i don't know whether it's going to get to the old levels or not but i think the bounce is going to be very v-shaped. it depends, by the way, as you know, on what the next -- when the next stimulus package will be from the president. if it's a payroll tax waiver it will be really v-shaped. we are going to jump back in employment dramatically and all these people who are rioting and protesting don't have jobs so they won't be able to do that

anymore and it will be great. david: let me push back a little bit because we have been talking all morning about new york governor cuomo, who is threatening to keep the lockdown in new york because we had a beautiful weekend and people went out to party and they were getting too close. i mean, you still have politicians who i think are short-sighted enough so that they are willing to kill an economy like manhattan's which is very important to our national economy, because a few people -- it kind of reminds me of a deranged school principal who reacts to a couple of bad students by burning down a whole school. >> you know, it's hard to imagine a politician not being a megalomaniac who wants to control everyone else's lives. that's why we have democracy. that's why we have limited government is to keep them from taking over everything. david: but they are. >> we are moving more and more towards that. cuomo's a classic case of that.

his job is to go good fbe good state, not to be good for himself, not to control everyone else's lives. david: let me focus on one question here which is even if you have the kind of stimulus you think would be good for the economy, if you have politicians like governor cuomo keeping the economy closed, no matter what you do to stimulate the economy, it won't work. >> he won't keep it closed 100%. that day is gone. he can't now. but what he's going to do is try to control as much of it as he can but he can't stop free markets. there's no way anyone ever can stop people trying to be better themselves. economics ultimately prevails no matter what the top-down people say. we win in the long run every single time. they do a lot of damage in the process, don't get me wrong, but whenever people try to stop people from doing what they want to do, what they think is good for their families, they ultimately always lose. i think cuomo is going to lose this battle as well. here in tennessee, we don't have

that problem to the extent new york does and we are coming back really great. most of the country will. so i think larry's bottom line is in spite of cuomo, in spite of murphy, in spite of lamont, in spite of these people, we are going to have a v-shaped recovery and these people will ultimately have to buckle to free market economics which will ultimately win. david: if anybody doubts that optimism is something that will keep you young, look at art laffer, listen to his optimism and realize that's why he looks about 30 years younger -- >> 80 years old in two weeks, three weeks. how's that? david: i didn't want a confession from you, art. difficult not wa i did not want a confession -- >> it's wonderful. we have our problems, but they are nothing, nothing, nothing compared to the joys we have on this earth. it's just wonderful life. david: you are a great man. thank you very much for being here. >> you are wonderful, david. i love knowing you. david: god bless you. let's check slack. susan, they are allowing

employees to work from home, right? susan: that's right, even on a permanent basis which goes along the line of twitter and facebook. in a blog post by the head of human resources and the vice president of people, it says slack is going to be a more distributed company for the future. that means you can work premotey on a permanent basis if you choose to. a lot of other companies including twitter, facebook, that's permanent work from home but google, microsoft, amazon has extended the work from home option. we had 35% in this credit card.com survey found in may that 35% of americans working from home would prefer not to return to the office. but then if you can permanently work from home, you would see the families would change if you don't have to live in these dense expensive cities like new york or san francisco. isn't that a lifestyle change? would you take that if you were able to live in cape cod but have your salary reduced? david: you know where i have my country home which is cape cod. it would be hard to resist that.

on the other hand, think of what would happen to new york. this is a city that has been at the pinnacle of finance in the world for the past century at least. if it loses that position -- susan: times change. times change. trends change. maybe it's time to get out of a too crowded place. david: all right. susan, thank you. more from susan coming up. meanwhile, it seems there's some confusion about who's in charge of seattle's autonomous zone. listen to the police chief. >> one of our real challenges there is trying to determine who is a leader or influencer. it seems to change daily. david: this as occupiers release a list of their demands that include free college, rent control, police reform. so where are the city's leaders? we debate that coming up. and new jersey easing more restrictions today, including open outdoor dining, but one

town taking it one step further, defying the state order by opening indoors dining. it's a place that bruce springsteen loves. we have an explanation coming up in a live report from asbury park next. 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... 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. 100% online car buying. carvana's had a lot of firsts. car vending machines. and now, putting you in control of your financing. at carvana, get personalized terms, browse for cars that fit your budget, then customize your down payment and monthly payment.

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david: 12 states across the country are easing restriction gs even more, allowing more people to get back to work. new jersey is allowing states to open outdoor dining at restaurants, limited child care services, but one town is defying those state orders and pushing to open indoor dining as well. kristina partsinevelos is in asbury park, new jersey, made famous by bruce springsteen. what's happening there? kristina: well, nobody is singing right now. they are happy that restaurants have entered phase two here. you can see even just the people behind me are allowed to be eating outside, of course, with social distancing rules, not at full capacity, but you have states across the country that are reopening and yet there's this major source of frustration, especially here, when it comes to the restrictions placed on indoor dining. they thought phase two would happen today. things are going to start to go back to normal. then we had on friday, an injunction imposed by a local

judge here saying that no one can open indoors. this comes after the asbury state council, they voted that they should open at 25% capacity. that's what they were hoping to go through. but the governor said no. i spoke to one councilwoman who weighed in on the negative effects to the economy. listen in. >> our restaurants are struggling to employ people and to actually even stay open. 25% capacity with a lot of room between tables doesn't really leave a lot to keep these businesses afloat. kristina: so to reiterate, even though they voted to open indoors at 25% capacity, they are not allowed to. the governor here in new jersey has said no, it's too soon. i spoke to one restaurant owner who said it makes no sense that retail shops, you can go in, pick up your package, churches can gather, yet restaurants cannot open even at 25% capacity. if you look at the recent statistics from the independent restaurant coalition, they

predict 85% of independent restaurants could close by 2020, mostly because they rely on foot traffic. just this morning, governor murphy did say, weighed in, saying this is based off of data not about just random arbitrary numbers. lot of people here disagree but restaurants are going to have to keep waiting until they can reopen inside. back to you. david: so hard to plan for the future when you don't know what the future is going to be. they change the rules every day. kristina: precisely. they don't have a date, either, for the indoor. david: right. good to see you. thank you very much. still to come, fox news contributor tammy bruce on the reopening movement. freedom works economist steve moore on whether or not the rise in cases will impact our recovery. and erin perrine with the trump 2020 campaign ahead of their first rally since the pandemic, and the markets are recovering a bit. maybe it was art laffer. we'll be right back. is a time for action. so, for a second time we're giving members

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♪. david: i'm david asman in forestuart today. we're 30 minutes into the trading day and here's where things stand right now with the markets making a small recovery right now. the dow was down about 650 points. it is now down about 535. here are the biggest drags on the dow. they are individual stocks that are dragging it down. the travel industry in general is getting hammered. the airlines, do we have the airlines? yeah, we got it down four, 5% for the most part.

delta, jetblue, southwest and the cruise lines they're taking another big hit because of more concerns about reactivation of the virus, not only in the united states but in certain areas but also in china. take a look at apple and microsoft. susan, what's the latest there? susan: apple, microsoft both crossed 1 1/2 trillion dollar market value finish line when the nasdaq crossed 10,000 last week and both of these stocks shall we say maintained and done relatively well compared to the market downturn but they're lower from the record levels. the reason? the look at tech, nasdaq seems a little bit frothy. microsoft trading levels 10 times sales which people say might be a little too high. still people are bullish with microsoft and apple. let's look at the metrics. born one year apart. apple, 1975, microsoft, 1976 founded by legendary founders,

bill gates and steve jobs. as for apple, 86% of the value creation has come untim cook. those stocks and companies have a lot of cash and balance sheet. a lot of people see them weather better than others even if sales continue to fall. apple has $200 billion in cash and microsoft has $100 billion. you can't argue with those numbers. david: leadership america as difference. thank you, susan. lauren, you have stay at home winners. tell us about them. lauren: they continue to be winners, david, the fear of a second wave, you might question if you should go to the doctor for other than something than a coronavirus. zoom is up 7 1/2%, another 7 1/2%. let's face it, even as offices and businesses do reopen, most of the workforce is likely going to be working at home. you will need the

teleconferencing services. i want to add two more. netflix is up today as is peloton. these are some stay at home winners that continue to be stay at home winners as we start to go out again. david: my family had a zoom party yesterday because the graduation of a cousin in our family. we got together beautifully. it is not the same as pressing the flesh. hopefully we get back to that. lauren, thank you very much. listen to what dallas fed president robert kaplan said about the recovery. roll tape. >> the health care response at this point is as important as fiscal and monetary policy and in particular it is critical based on my conversations with epidemiologists that people widely wear masks, that we have good testing and contract tracing. the extent we do that well determine how quickly we recover. we'll grow faster if we do those things well and right now it is

relatively uneven. david: come on in danielle dimartino booth. you worked at the dallas fed. why is the president talking about masks. does he have a medical degree i do not? >> he does not. google searches in cases where you're seeing states where cases rise such as we are in dallas, searches of states where you have rising coronavirus cases gone through the roof, in terms of can i go out safely. what he is talking about, if there is a little more carefulness and cautiousness, there would be a lot more people feel comfortable coming back out to reopen the economy fully. you're in new york where masks are going to be worn everywhere, but here in texas it is the wild, wild west. you see very few masks. a lot of people are correlating that with increase in the virus we're seeing in houston, dallas, san antonio, other places in the state. david: most places are not as

densely packed as new york is. that's why you may need them here, you don't need themselves where. by the way you say there won't be a v-shaped recovery. listen to what art laffer told us last hour. we'll get your response. roll tape. >> about as good as they come and i knows his numbers, he knows his financial stuff backwards and forwards and if he says it's a v-shaped i'm willing to concede that to him. i think he is right. i think all the indications are it will be a very rapid recovery back. david: he is backing larry kudlow. that was the name that was missing there. you don't see it that way. why not? >> i'm just following the hard numbers. if you look at the continuing jobless claims that have been reported, they peaked out at 31.1 million americans. those are people on, collecting state unemployment insurance and then the special provisions through the cares act as well. but they peak out at

31.1 million. they have come down to 25.5 million. i would prefer to see a more aggressive downtick in continuing claims before i think we can say victory has been achieved with a v-shaped recovery. implies 18 percent of the american workforce is out of work still as of last thursday. david: a lot of those unemployment insurance checks adding up more to than what people were getting full time. there is a disincentive to that maybe that ends, there will be more incentive toe go out to work. danielle, thank you for being here. now to washington, d.c., inside the beltway where stimulus talks are heating up. a big part is incentivizing people to go brac to work. hillary, what is this about paying people to return to work? reporter: there is one proposal by senator rob portman looking at a middle ground or compromise to try to get people back to work. a university of chicago study found 68% of people are making more on boosted unemployment than they were actually at work.

convincing them to go back to work to make less money is proving a little bit difficult this extra unemployment insurance approved you there the coronavirus package, that extra $600 on top of unemployment benefits they already receive is set to expire at the end of july. senator rob portman wants to convince people to go back to work before then, giving them $450 of that extra $600 as a back to work bonus, trying to really boost the workforce that has been pretty lackluster as many people, many business owners are having trouble getting people back to work. house democrats already passed an extension that would extend this extra $600 through the end of the year but, getting the senate on board is going to be a pretty difficult because senator lindsey graham said he would not approve any extension for the boosted unemployment insurance, he wouldn't approve it over his dead body is the words he used. there is additional proposal in the house from congressman don

beyer, would phase out $600 extra a week over time but extend it through the end of the year. a few proposals up in the air but senate majority leader mitch mcconnell has said he is not going to pass any new stimulus bill until the or work on any new stimulus package until the end of july. david? david: amazing you have to lure people back to work with a bonus. extraordinary times. hillary, thank you very much. now to seattle where protesters continue to occupy an area of that city, very important area. this was the scene over the weekend. come in tammy bruce. i want to give you my opinion, have you respond to it there are no consequences for left-wing protesters as they're called who burn buildings, shut down and in some cases destroy businesses, actually take over areas of cities. owners of the businesses get punished if they reopen too early. they get a ticket or even worse but there is no consequence for

the really violent protesters. is this the end of law and order in america? >> well, you know, seattle is unique city. it's a liberal city. we see the major problems in blue cities and i would say based on even your previous conversation many of these people are able to occupy a section of the city because they're on unemployment and they're making a decent amount of money. we have to look at nature of what all these decisions over these months, many if not, most of which were very pad as we now understand. we were warned that that extra money on unemployment was going incentivize people to stay out of work and this is now what we're seeing. so the masters of the university created an environmental loud this to happen, including a lack of support for the police, a lack of extreme, verbal support in all american cities. and this is also why you have got americans looking a little skewed at the decision-making. hypocrisy here. on one hand americans are being

punished for opening their restaurants and wanting people to dine in. on the other hand we see absolute chaos in urban areas with no punishment at all. it is affecting, david the legitimacy of the government itself. david: absolutely it is. you're right seattle is liberal place always has been at least in my lifetime but dan bongino was on "fox & friends" earlier. he said don't think it is just in the liberal communities t could happen everywhere. let me play his sound bite. >> you will have a pick a damn side. there is a right side to this and and there is a right side to this and right side is real authentic justice, not street justice, not burning down the damn wendy's not taking over a small town and not crapping on people because they believe every life in this country matters. everyone will have to take a stand. everyone cannot sit out. everyone has to do the right thing.

this fight i promise you will come to your front door. david: tammy, he is saying even if you don't have liberal politicians, the bad folks will be encouraged to do mischief in seattle and elsewhere. >> we're smart government feels it has a lot of power, feels it can do whatever it wants to, it will. you see the real face of government. each of oust locally that have chance to vote out mayors that ruin our cities and destroy business but i can tell you there is attempt this suggestion of a takeover of a neighborhood was going to happen in tennessee. that was put to rest. the government said don't even think about it. same in portland. they tried it in portland. it failed. this is something americans don't like this. is very, very clear. we want justice for people, we don't like mob violence or mob action. and democrats are thinking well, in their base it's a really good thing but there is a disconnection between many politicians of the establishment who have a different idea. they're just looking to 2020 and all the rest of us are

collateral damage. they're thinking this is like a good thing to talk about, because they don't want to talk about serious policy and serious solutions to our issues. dan is partly correct. that government is capable of all kinds of things to ruin our lives but in this case, i think it will remain somewhat local. david: i hope you're right on that. tammy, great to see you. >> thanks, david. david: markets continue to recover a little bit again. 420 points to the downside of the dow is nothing to sneeze at. it is not as bad as 650, which is was earlier. so markets are recovering. nasdaq is down just .44%, about half a percentage point down. the other indices are down further but again, far less than they were earlier in the day. meanwhile 11 states easing restrictions across the country today but it's not fast enough for some cities and business owners taking matters into their own hands. i'm going to be speaking with a

new jersey restaurant owner who is looking to defy state orders but may now be having a change of heart. and we'll follow up with a michigan barber, he is one of my heroes, whose license has now been suspended by the state but he is sticking to his guns. meanwhile renewed protests against police in atlanta after the fatal shooting after black man at a fast-food restaurant. we will take you there live. one company speaking out in defense of police. listen. >> amid all the chaos, all the judgment, we know that so many of your good we forget how human we are. how human we all are, including you. david: that extraordinary ad is called speak truth. coming up next i will be asking the ceo of the luxury watchmaker behind it if he is facing

backlash now. you say that customers make their own rules.

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david: and we've got some break news from the supreme court. lauren, tell us about it. lauren: the supreme court has ruled, david, that existing civil rights law protects gay people and transgender people, so you cannot fire a person for being gay or being transgender. so it is based on sex and sexual orientation if you will. now local laws in at least 20 states have protected these individuals. businesses companies, employers couldn't fire them. but now it is federal law. the ruling was 6-3 the three dissenters, justices alito, thomas and kavanaugh, david. david: interesting, lauren.

the markets continue to recover a little bit. the dow is down about 430 points. all other indices are down as well. by much less than earlier in the day. here is united health. that stock is taking a big chunk out of the dow as you can imagine because of fears about various up ticks in the virus around the country and around the world. that is down about 2 1/3% right now. united health pulling the dow down as a whole. let's head to atlanta where there is a new wave of unrest after a police shooting over the weekend. fox news's jonathan serrie is there in atlanta. jonathan, what's the latest? reporter: hi, david, big protests going on as we speak outside of the state capital and then here in southeast atlanta. people gathering just outside of this wendy's that was the scene of dramatic protests over the weekend. in fact the restaurant caught fire and was gutted during these protests because it was here in

this restaurant parking lot that rashard brooks lost his life. it started out what appeared to be a routine stop of a man suspected of dui blocking the drive-through lane. police bodycam video shows what happened next. >> think you had too much drink to be driving. put your hands behind your back for me. put your hands behind your back. hey, stop. stop fighting. stop fighting. stop fighting. you're going to get tased. you're going to get tased. stop. reporter: three gunshots. medical examiner ruled rashard brooks death a homicide. two gunshot wounds caused blood loss. d.a. will decide whether to pursue criminal charges. the atlanta police fired the

officer who fired the shots. and placed devin brosnan on administrative leave. mayor bottoms expressed frustrated over this incident. >> we require people to go to the national center of civil and human rights. we have housing for our police officers in many of our communities in which they are serving in but yet still it is not enough. reporter: on saturday the mayor accepted the resignation of atlanta police chief erica shields. that night, large number of protesters blocked a 14-lane section of interstate 75 and 85. known as the downtown connector. firefighters were unable to reach the wendy's before the restaurant was completely engulfed in a fire set by arsonists. david, atlanta crimestoppers is offering a 10,000-dollar reward

for information leading to the arrest and indictment of the people who set this fire. david, back to you. david: what is extraordinary about watching video, horrific as it is, how quickly things can turn. they seemed to be talking normally, calmly to each other, things went wrong. jonathan, thank you very much. a luxury watch company has come out an ad of to support the police. look at this. >> a world without you would not be better and far, far worse. for that, we thank you. we know how much your sacrifice goes unnoticed. we know that the worst of you get the spotlight, instead of the best. we will not stand by, to let your work go unnoticed. we will speak truth. david: egard watches, e-g-a-r-d

watches is behind the ad. the ceo comes in. this is all yours. you wrote it, that is your voice we're hearing. i think it is extraordinary. i think a lot of americans will view this and see it as a breath of fresh air, no matter which side this is on. you cannot deny that overwhelmingly police do far more good than bad in this country. >> no. i agree. i think we have to start humanizing each other again, that includes humanizing the police, instead of pushing for fear, more division, more hatred. these calls to defund the police, abolish the police, end result will be more problems not solutions. and media pushing it, non-stop, extreme narratives. then they censor, you get censored no matter what you say, it can ruin your life. so the end result is not only going to be the loss of the police, but loss of freedom to express ourselves. so i feel like i had to do

something. david: your ad is on youtube. anybody can go to find it. any sign that youtube may be trying to censor it, or what other kind of pushback you have had from people who might disagree with you. >> it is restricted on youtube. it got restricted right away. david: unbelievable. >> i'm surprised bah we definitely had more views, very unlikely we didn't have more views than what is showing on the youtube channel. so it is very odd. in terms of backlash, i'm very thankful we had a lot, lot of positive input and a lot of positive emails working in law enforcement and people who support law enforcement. it's a beautiful sign there is silent majority out there who wants to speak. david: now, what is extraordinary anybody would restrict something that is indisputable. the videos you had are true. the facts you have are true. including one that stuck out to me, 60 million americans have had police interactions in the past year, every year, 60 million americans. many of which leave, lead to

lives being saved. and i wonder what happens if the police go away as a lot of people are calling for? what happens to those 60 million americans who call out in need of police? >> yeah. it is a very scary world without them and we forget, there are 800,000 police working. as tragic as things are when they happen, there is a huge vast majority of police out there who want to make a difference and want to make a positive difference and without them in the world it would be chaos. so, i just hope for some pullback in everything going on. david: i think most americans do. i think most americans do. and it is is a beautiful, beautiful message, very well presented. it should should not be restricted by anybody who matter what you think. egard watch is the name of your company. thanks for coming in, ilan. >> thank you. david: of course. new york's governor is threatening to shut everything

down again in manhattan. can the economy handle it? what would happen for the economy of manhattan for decades? we're all over that story. sticker shock in the grocery ices. meat is up 10%. stew leonard the man behind the grocery chain is bearing his name is coming up next. ♪ ♪ ♪

david: summertime, people are beginning to book travel again. we'll look at major booking travel stocks. lauren what is going on there? lauren: they're going down because there are fears the economy might partially shut down. look at sabre, down% at $7. it has come down drastically. it hit three bucks at the march low. we're seeing many of these, sabre, ex-treed yaw, trip advisor, down 3% today, thinking if we get second wave of infections. david: flutes and veggies up half a percent, dairy products up half a percent. stew leonard our buddy is with us. a great to see you. >> good morning, david.

how are you? david: fine. what is causing rise in prices? shortages or something else going on? >> first of all, david, i don't know where everybody is saying there is a big price in grocery prices. we're not seeing it at stew leonards. as a matter of fact we're seeing prices coming down. david: wow. >> we lowered the price of ground beef a dollar a pound now, because the supplies are getting better as far as meat, ranchers and processors go. here is something right now. now cherries out in washington state are the best. here is a bag of cherries. these are going down a dollar a pound right now coming up. so, i don't know where this the big increase in food prices has come from. we have been through a month of crazy volatility in the food industry right now. but that has settled down right now. and i feel prices are going down. actually i will guarranty our prices at stew leonards will be

lower for 4th of july than they are today. david: that's wonderful news, stew, we should mention, you, unlike the huge chain stores, i mean you have a number of stores but unlike ones where they have hundreds of them, you deal with individual suppliers. >> right. david: sometimes your experience is a little different from what the big companies might, the bigger companies might be doing, right? >> he will with you know, david, also you know, we never did this but we just figured it out, it costs us a $1.25 for every customer coming into the store, on top of the coronavirus orders. the cleaning, plexiglass, appreciation pay, having people wipe the carts down before customers come in. $1.25. maybe what you're seeing some supermarkets today raising their prices to absorb some of that

cost right now. david: now, a lot of us meat eaters were worried about the supply chains a couple months ago. that concerns reached highest point. what is happening, again i know you have your own suppliers but has that supply chain cleared out? >> they're still a little bit behind because of virus but they're catching up. president trump gave an executive order to stay open. david: right. >> a lot of them had to remodel, retool the plants, spread workers out, add plexiglass, space out the break time and lunchtime, so forth. david: so it is getting better? >> it is coming better. i think you have a plenty of meat at a better price than memorial day for the pork. david: wonderful. we like that particular letter with the barbecues. stu on unemployment insurance providing disincentive for a lot of companies hiring people back, are you finding that, are you

having difficulty getting workers because they're paid so much because of the federal unemployment insurance? >> you know, david, that is the one thing that shocks me. we're in the retail food business. restaurants were closed for so long. connecticut they're just starting to reopen. but what i couldn't understand is why i could not hire people when we needed to hire people? and i think you're right there, that the unemployment benefits are so good, a lot of people said this, i'm just staying home. david: over $1000 a week in some cases, depending what state you're in. very often that is less what you are paid for working. we can't afford that. stew, wonderful to see you, my friend. thank you very much. be well as always. >> thank you. david: many fast-food restaurants escaped the pain from the pandemic because of their drive-throughs, and now more restaurants are starting to offer to-go orders. our jeff flock live, driving at the same time at a drive-through

in skokie, illinois. jeff what is for breakfast there today? >> drive through for breakfast, david, hugely popular, hard to quantify. look at what one trade publication said. drive throughs helped fast-food chains bowlter sales. at the point they're in full recovery. this has been a huge help. panera didn't even have a drive-thru, you can order on the app. tell them the car you have, the america and model. because of something called geosensing they know when you are there and so they bring your order out to you. so pretty amazing. as i said, you know, there is almost, some of these places, this is a mcdonald's that we're at right now and i'm going to see if i can't get some breakfast here, but some places just set up drive-thrus,

makeshift drive-thrus, some call them diy drive-thrus -- >> can i help you? >> good morning. can i have a bacon egg cheese biscuit, not biscuit but mack muffin please and some orange jews. >> [inaudible] >> small one. yeah. i'm on a budget. david: you've done that before. >> thank you. reporter: yeah, i don't want to cost the company too much money. i will send this in to you. david: yeah, i will be glad to pay, jeff. considering you're risking your life, driving doing a report at the same time. go ahead. >> we all talk and drive at same time. we can certainly do that i have to get my credit card. >> $3.81. reporter: i stick that in there so i don't have to touch anything. see that? never used to have this. reporter: what are you doing? reporter: talking to people on

tv. pick it up there, right? pick up there? right. got it. leave you with a picture. not exciting to watch me buy something at the drive-thru. a picture of kelsey baller reason any who you may know, country music star. put it in on instagram. she goes through every week to chik-fil-a. they have a weekly date. she does her chicken and waffle fries are pretty good on chik-fil-a. i'm waiting for my biscuit. david: what the folks watching, may noll realize, jeff, you do five hits an hour for various fox affiliates, fox news, et cetera. you are probably have a pile of these breakfast on the passenger side. are you going out to sell them or to try to get some of your money back or what? reporter: what i'm doing is going to different places. i got chik-fil-a next hour. i will try panera. this time we got mcdonald's. thank you, appreciate it. david: a lot of hungry people out there.

hope you help feed them. reporter: we'll do. thanks, david. good to see you man. david: thank you very much. jeff flock in skokie. almost a million tickets have been requested for trump's tulsa rally which has been moved to saturday from friday. so many people waiting, wanting to attend, how are they going to enforce social distancing? i will be asking the trump campaign in just about an hour from now. you want to stick there for that. plus new york governor cuomo is threatening to shut down manhattan for infinity. doesn't seem like it will ever be open because social distancing violations are getting under his skin personally. he seems determined to the state's economy. i say he will end up doing more harm than good for economy. more "varney" right after this. 300 miles an hour,

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♪. >> before i reverse a statewide position i'll tell you what i'm going to do. i'm going to reverse it in those areas that are not in compliance with the rules. manhattan, and the hamptons are the leading areas in this state with violations. local government do your job. if we have to close, then, people are going to hold you accountable. david: meanwhile he has a pretty good tan going.

there is no tan line for his mask, is there, interesting? i just point that out. that was new york governor andrew cuomo, threatening to keep all of new york city shut down because of a rowdy spring weekend but i say he could end up doing more harm to the economy than the virus itself. let's bring in republican state assemblyman mike la pietri. seems to me governor cuomo is hello bent on destroying new york's economy, assemblyman. what do you think? >> oh, my god, governor cuomo is the epitome of hypocrisy. you heard it. threatening to fine or close small businesses operating operh a high volume of people, they have been shut down for months earning zero dollars, following governor's orders. yesterday in brooklyn there were thousands, not a few, not a dozen, not hundreds, but thousands of protesters gathered outside the brooklyn museum. is the governor fining everyone of them? no, of course not. david: you can loot, burn, because of the new bail law, you're never kept in jail

anyway. even if you are arrested you're in for a couple of hours and then you're out no matter what you do. if you're violating his lockdowns it's a whole different matter but in this case i mentioned this analogy before, he is like a crazy school principal who, because a couple of kids are misbehaving, he burns the whole school down and puts everybody out in the street, puts everybody in a terrible position. there is a peevishness to his actions are i think are coming back it haunt him. don't you? >> absolutely. deifies common sense. yes is why i'm running for congress over on long island june 23rd so we have some semblance of sanity restored to new york. what you're seeing him is casting a broad brush, penalizing law-abiding americans or businesses who just want to put food on the table, earn an income, as you just side, rioters, looters out on the streets, they can go okay out rioting and looting again. david: assemblyman, this has to be the last question, how much

is all about the election? that is to say if he manages to put a damper on the economy through the election, it is going to hurt the overall economy because new york is a pretty important part of it? is he trying to keep the economy down so that trump won't win re-election? >> oh, it is 100%. it is about, doing whatever he can to destroy president trump and doing everything he can to save and recover his years of fiscal mismanagement. bear in mind this is all smoke and mirrors theatrics. the governor shout it was opportunity to strong arm the federal government to get federal government to bail out his years of mismanagement. it is disgraceful. david: don't let a crisis go to waste. james carville said that. hillary clinton said it again and i guess the governor will be the next to quote that. assemblyman, thank you very much. appreciate it. "fox business alert." jeff bezos is now willing to

testify before congress. susan, tell us why. susan: on sunday that has been reviewed by "the new york times" saying bezos is willing to testify before congress in an antitrust tech investigation. we know that the house judiciary committee had requested bezos' testimony but he resisted that call. however there are a lot of caveats to this because it is dependent on timing, format, the questions will be part of a panel of other ceos. so you can imagine there might be an out if one of these ceo's don't show up or say no. david: amazon, susan, their ring which they do in partnership with the police is getting push back because of their partnership with the police. tell us about that. susan: ring surveillance, it is doorbells actually have video comes with it, now inn some cases the police department can access that video if they think it is compelling evidence in certain cases. now amazon has come under fire for providing this ring surveillance video to 1300

police precincts across the country. we know that last week they said they would put a one year moratorium working with police forces using facial-recognition technology. we have activists including the electric frontier foundation they have a petition demanding ring cut its ties towith police departments across the country. david: interesting to see how that sorts out. susan li, thank you very much. starting today, restaurants in new jersey are allowed to offer outdoor dining. so how long can they last doing just this? i will be asking one restaurant ture in the next hour. but first i will be talking to a barber who will not be allowed to reopen his business in michigan today despite the state giving hair saloons, salons, excuse me, his license was suspended because he defied the lockdown orders. will he continue to operate anyway? i will be asking him. you don't want to miss it. this guy is good.

market is recovering a bit. it is down 380 points. we'll hope for continued progress on that front as well. stay with us. [ sigh ] not gonna happen.

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one way or the other. david: i love it. that was michigan barbershop owner carl menke last month. he defied lockdown orders and continued to operate but had his license suspended. carl is with us today. god bless you for your sticktoitiveness. michigan is officially allowing hair and nail salons to reopen, but is it too late since they pulled your license? >> no, i'm open. i'm open. i've been open since may 4th. david: wow. and, so they pulled the license but you're operating without a license right now. is that legal? >> no, i don't know whether it is legal or not. that is up to my attorneys and the state. as far as i'm concerned i have a right to work. we all want to work. and i believe this has been kind of a selective, vindictive approach by our groff. i, honestly i don't really see where she has the maturity to be doing the job she was assigned

to do. i mean, when you stop and look at some of the nonsense things. you can go out in a kayak but can't go out in a boat with a motor. david: amazing. >> you can get an abortion but you can't get a knee surgery. david: right. >> you buy light bulbs but can't buy paint or -- david: carl, nowadays you can burn down a building, not necessarily get arrested and you can't open a business. >> it is turned upside down. i remember when it was illegal to buy marijuana and it was legal to get a haircut. now it is illegal to get a haircut and you can buy marijuana. it is crazy. david: what happens to other salon owners and other people who had to shut down for the virus who can't reopen now? because it doesn't matter that the orders have been reversed. they have lost their customer base? >> well, this is true. this is where, this governor,

very shortsighted. you know, here is another thing, another aspect of this, too. there is economies involved here. her main concern was impressing the rest of the democrat party with her prowess. she wanted to be a rock star and still does. wants to be a rock star in the democrat party. maybe selected by biden to become vice president. these type of procedures that she's used have been generally illegal. you know, i've always made the comment, i will be governed but i refused to be ruled. i was looking to como there a little bit earlier. he talks about rules. these guys are short on governing. they don't know how to govern. when you don't know how to govern, they were you revert to this type of tyrannical police state actions of grabbing as much power as you can by using as much fear as you possibly

can. david: karl, wish we could talk more. we got to go. that is why our government was set up, the system set up to the got government out of the way of people like you who know how to make a safe living for americans. we wish you the very es about, karl. god bless. >> thank you. thank you, david. david: thank you. seattle councilwoman is calling for the abandoned police precinct in what is now being called the chop zone to become a community center. so will police ever regain control of that area? we're on it in the next hour. but first i'm talking to economist steve moore. larry kudlow said they have no intention of shutting down the economy again. does that mean we're on track for a v-shaped recovery? i will be asking steve moore right after this. i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt.

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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. david: it is 11:00 a.m. on the east coast. i'm david asman in for stu this morning. check the markets. they have cut their losses about in half. part of the reason is it's a huge day for reopenings. there are a dozen states easing lockdown restrictions today. that's kind of sinking into the market which at first was spooked by an uptick of cases in certain areas of the country but openings include arkansas, where they are actually moving into phase two. that means restaurants, salons and gyms can operate at 75% capacity. in michigan, massage parlors and hair and nail salons reopen

statewide. and new jersey's going to be allowing outdoor dining and limited in-person retail but that's not good enough for some business owners. coming up, we will be speaking to a restaurant owner who says indoor dining needs to open up as well. check the restaurant names. lauren, you have some more positive numbers on reservations. lauren: open table tracks reservations made at a variety of restaurants across the country and when we look at the second saturday of each month, which was this past saturday for june, reservations are down 64% year over year but the second saturday in may, down 97% and look at that, down almost 100% in april. so as the country reopens, people are getting out and about, restaurant reservations are up. i live in new jersey. piermont, new york is nearby. one of my friends went saturday night and she said it was

completely packed with people outside just enjoying the beautiful weather and eating and drinking. david: it's a wonderful thing. we love it. thank you very much. susan, got some good news from apple, right? susan: yes. some mobility trends and it shows that as states continue to reopen across the country, people are traveling more, whether it's driving, it's walking, transit is still lagging a little bit so people don't want to be in closed quarters, close to people, but as you see, the u.s., we are looking at trends up 43% in the past week. that is astounding. compare that to germany and italy which was only up 16% and 10% respectively, and this reopening shows a lot of people are getting back outdoors, getting back to work and by the way, that's also the reason why economists at morgan stanley are still calling for a v-shaped recovery at the end of this year. they say the fourth quarter will get back to pre-coronavirus levels which is very good news for the u.s. david: apple is down but cutting its losses as well as the overall market. lauren, some big numbers from

the tsa? lauren: yeah. let me add the airlines are starting to cut their losses today, too, as you can see on the board. but the tsa staff says that for yesterday, 544,000 people so more than half a million people traveled through tsa checkpoints. that is the best number since march 22nd. if you want to compare it year over year, i mean, this day in 2019, it was 2.6 million people but still, well over half a million. best since late march. david: that is great news. okay. glad we started with some positive news on a down day as the market is paring its losses quite a bit. thank you. here's what we think had an effect on moving the market to recover somewhat off its lows of the morning. moments ago, larry kudlow said the following about concerns over a second wave of the virus. roll tape. >> the president is absolutely disinclined to shut down the economy, as is the vice president. i think shutting down the

economy could be worse for our health. i will just tell you what the health experts are saying, and they do not see the degree of alarm. this is not necessarily a nationwide event, as i said. case rates and fatality rates nationwide are still rock bottom and have flattened. because a few places have had flareups for one reason or another that we need to shut down the economy. david: come in, stephen moore, economist at freedom works. what i think larry and certainly the president has mentioned this as well is saying is that you can do two things, you can fight the virus and open the economy. we are smart enough to find a way of doing that, right? >> that's absolutely right, david. you know, we know so much more about this virus than we did three or four months ago. we know, for example, that the most important thing to do is keeping seniors safe and keeping the nursing homes

infection-free. if you just do that, you can cut the death rate very significantly. so we also know that young people under the age of 40 are not very vulnerable and really are not much at risk. so we've got to be smart about this. i do think the news over the weekend was part of operation chaos which you know that's happening, david. we know the left is out to try to disrupt whatever they can because of their hatred of trump but the good news is that, you know, as you just said, because i have been tracking that data pretty clearly, too. death rates are not rising and hospitalization rates are rising only a little bit and that's because more people are going to the hospital because they haven't been able to go to the hospital for the last three months. anyway, i think the news is pretty positive. you asked at the outset whether i'm with larry kudlow on the v-shaped recovery. i'm a little more pessimistic than he is. david: i have heard you say that, yeah. >> yeah. i think it will take a little

time for businesses to get back, their feet back on the ground so i think the next couple of months could be, you know, a real struggle but i do think when we enter the late summer, early fall, we will stoart to see -- david: the great thing about this country is it's 50 separate experiments and you look at what georgia has been doing. georgia was criticized a month and a half ago by pundits in the media for opening too soon and for all kind of chaos that was supposed to happen that didn't happen. turns out that the numbers, those extraordinary job numbers we saw a couple weeks ago kind of paralleled what's happening in those states that have opened responsibly like georgia, right? >> you are, again, 100% correct. so if you look at what's happening with the jobs numbers which we got which were so positive, what was that, a week or two ago for may, now what we are finding and we will have the data i think by the end of the week on the states, but we pretty much know from the

unemployment insurance data that the red states have just raced out of the gates. that's where the job creation is happening. that's where the business recovery is starting. not so, i hate to say this, not so much new york, not so much new jersey, not connecticut, not michigan. so those states are lagging behind and there's a real media campaign, i just have to say this, folks, because you know, if you are an investor and just listening to the media, you would think oh, my gosh, florida and texas and georgia are disaster areas and they have got these big outbreaks of coronavirus. look, there is some selected areas, some cities that are having some problems but for the most part, no, those cities are racing ahead, they are seeing declines in deaths and hospitalization rates. it's a pretty positive picture right now. david: there was a media hysteria about tulsa, the president is going to go there for a campaign rally at the end of the week. they were saying in the midst of this spike in coronavirus. you know how many new cases they have in actual stulsa? ta

58 new cases. i don't want to diminish the cases and if they lead to deaths it will be a horrible thing. wi there are spikes and there are spikes. in new york we had big spikes. in other places, there are incidents you can isolate and deal with and still open the economy. >> i will give you an example. this past week, i had to go to the hospital because i had delayed like so many people, i had delayed some procedure i had to have. what do you think the first thing they do when they admit you to the hospital now is? david: give you a test? >> they did a test for coronavirus. you know, i was actually kind of -- by the way, i was hoping that i had tested positive, because then you develop the antibody. but in any case, we are testing so many more people right now and when they say oh, these people are being admitted to the hospital, they have coronavirus, that's just because they are testing people for it now and i do think that there's kind of a panic that's happened that is out of size with respect to what's happening.

as we move more towards the summer months, we are going to see a continued decline in this and so i'm predicting, my prediction by the end of the summer, we start to see some degree of normalcy but some of these businesses are going to have a hard time and by the way, i did fly last week and the only bad news i have heard this morning is if i understand you correctly, david, there's going to be longer lines at the tsa now. david: by the way, if you don't think there's going to be a v-shaped recovery, does that mean that you support the president, because peter navarro talked about a new $2 trillion fourth stimulus. do you think that is necessary because we won't have this v-shaped recovery? >> no, our group is having a big press conference tomorrow so i will give you, you know, the skinny on this which is that we are against any new spending. we have already spent $2.5 trillion to $3 trillion that the government spending is actually right now a detriment to the recovery.

one thing we are for, i have said it so many times on this show, with stuart varney and i will say it to you, you know wha what i'm going to say, get rid of the payroll tax for workers and employers for the rest of the year. that will be a big, big juice to this engine of getting it back restarted. david: it's an incentive for having a job, not a disincentive for leaving unemployment insurance to get a job. it's good for the economy and actually, it's good for government, because the more people paying taxes on money, their own income, that's going to help the government as well. steve -- >> why is nancy pelosi against a 7.5% pay raise for every low income worker in america? david: extraordinary, isn't it? i don't have an answer for that. you have to ask her. steve moore, good to see you. thank you very much. a quick stock check. first up, humana, health insurance people, they have announced -- actually, it's down 1.5%. they have announced new monthly

stipend for dental health providers to reduce their costs from the virus. they will be offering 24/7 access to employee assistance programs to those providers as a courtesy. it's down about 1.5%. by the way, look at the overall market. down at the bottom right hand of your skoecreen. we are continuing to recover. let's focus on another stock, just about dloto close a fund-raising deal with ra capital selling about 4.3 million shares to a private investment fund. it's worth about $200 million. that's helping the stock big-time, up about 9%. novavax. what about honeywell? they just launched their own drone business trying to get in on the unmanned delivery craze but they don't make their own drones. instead they will provide flight control systems, electronic stocks. their stock is down, just less than .5%. let's get a check on tesla. it's now turned around. it's now in positive territory,

susan. registrations in china, we got to emphasize, are going through the roof. susan: up 150% for the month of may from april. this is what we call sequential acceleration in the market. look at the stock, in rally mode now for tesla. up close to 1.5%. close to that $1,000 price tag once again per share. as i mentioned to you, take a look at the car registrations. this is pretty much in line with the model 3 sales as well tripling in the month of may from april. now, don't forget that the china business and risk to china business was one reason morgan stanley downgraded its recommendation on the stock on friday putting it underweight, saying it's not worth $1,000. yes, the china business was a risk, according to morgan stanley, also the near term tech competition with other electric car makers like general motors and ford and also the need for more capital, since tesla only has around $4 billion in cash on hand. the stock downgraded to hold, saying there is still a very positive outlook on the stock

but it might be pricey at $1,000 a share. maybe $950 is more reasonable. still, we are close to those levels already. david: when tesla gets pricey you hear from its chairman saying yeah, tesla is getting pricey. elon musk actually says that his stock -- the only ceo or chairman i have ever heard say that before. susan: he's worth $40 billion. remember he said he would take the company private at $380? that would have been a bargain. david: it would have been. thank you very much. president trump holding his first campaign rally in months this week. his campaign saying they have had 800,000 requests for tickets. you won't be able to fit all those people in there. they are guaranteed a huge crowd. how does that work with social distancing rules? we will be asking his campaign coming up. and new calls to rebrand a classic disney ride, as racial tensions flare across the united states. we are asking a former imagineer to weigh in. take a look at this. a fight breaking out in seattle's autonomous zone known

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[ chanting ] >> black lives matter! >> black lives matter! >> no peace! david: fun in seattle. those were protesters taking to the streets in seattle. meanwhile, hundreds still occupying that organized protest zone in seattle's capitol hill neighborhood. it just changed its name, by the way, from chaz to chop, which stands for capitol hill organized protest. fox news's dan springer is there

on the very latest. what are you seeing? reporter: it was one week ago the police department left their east precinct and they had been protecting it along with the national guard, and they left monday night and they have not been back since. we do have the fire chief here, harold scott. he can talk to us about what's being done for the city's perspective to get back in this area. >> well, we have been having a number of kfrconversations to t to create access and egress so fire and ems are able to respond in and around the area. reporter: what's your concern right now? you could not get into this area easily and put out a fire or respond to ems? >> yeah. well, you just named it. yeah. that would be the concern, is how do we access and navigate around these roads in case there's an issue here that we need to deal with. reporter: we understand some of the business people are upset because they can't really easily open up their businesses. we see them all boarded up and

graffiti. it's not easy to get customers in and out. >> we are working through that to try to get people in their driveways, get the deliveries in but make assure we have places where our engines, ladders, medic units and aid cars can also respond and meet those needs as a community. reporter: how long is this going to go on? >> i don't have that answer. reporter: okay. all right. chief, thanks for joining us. he doesn't have the answer, the mayor doesn't have the answer, the police chief doesn't have the answer. that's the problem, david. no one really knows how long this is going to go on. the chief says she wants to get her officers back in that east precinct at some point. but it's not going to happen any time soon because they don't want to create another flashpoint which was the reason they left in the first place. david: unbelievable. what a mess. dan, thank you very much. let's bring in caleb heimlich, washington state gop chairman. good to see you. let me just play some tape for you, get your response. the mayor of the city of seattle has called everything that we

just saw the summer of love. roll tape. >> those few blocks look like this. >> i don't know. we could have a summer of love. >> [ inaudible ] rape, robbery and all sorts of violent incidents have occurred in the area we're not able to get to. david: that was the police chief saying there are people, there are calls of rape, of other violent crimes, of robbery, et cetera, that are not being answered because of what's going on. how can the mayor and the governor, by the way, be so cavalier when people are actually being harmed? >> yeah. what we have here is an abject failure of political leadership on the part of the governor, mayor durkin, the police chief that said it was not her decision to abandon the precinct a week ago, and as you played, her response times from police officers to violent crimes have

tripled inside the city and in and around that zone from five minutes to 15 minutes. 15 minutes is a lifetime when you are in a life-or-death situation and you call 911. so the problem rests with the mayor and with the governor who mid last week wasn't even aware the situation was going on. he said that's news to me. so the republican party, we have been saying look, this is a political leadership problem, lack thereof. these events are the culmination of lawlessness in seattle. six months ago, the king county courthouse was shut down because of a criminal homeless element, it was unsafe. they had to shut down the courthouse. now you have this precinct boarded up. we need political leaders that are willing to enforce the law and keep people safe -- david: caleb, they are doing the exact opposite of that. they are holding up their hands and saying look, do what you will, this is going to be a summer of love, anything goes. they are doing exactly the

opposite of enforcing law and order and to the governor's claim that he didn't know what was going on in one of the biggest cities in the state of washington, he's either extraordinarily ignorant or he's lying. either way, it seems to be grounds for a recall. no? >> well, we have got an election in two months. our primary's in august and the governor is up in november. we have always said governor inslee has always been more focused on what's happening in the other washington, in washington, d.c. it took president trump tweeting about this situation for the governor to even comment. but as you said, that's exactly right. there are many businesses that were meeting with the chief who you just had on over the weekend saying first we had to deal with coronavirus for two months, where we were forced to be closed, now we still can't open even as those restrictions are finally loosening. david: our hearts go out to these businesses. by the way, about the police

chief, she seems to have had a talking-to by the mayor over the weekend. because she came out a little contrite to her original statements earlier saying -- talking about the calls that were being unanswered. do you have any inside information on that? >> i don't. i just know obviously there's tremendous political pressure from the mayor, from the far left city council. your viewers have to remember, we have an outright socialist serving on the city council. this is a really radical city council so i feel for our public servants and the police and the fire department that are trying to do their jobs to keep our community safe, and really, we don't have the political leadership to support them. david: you have a hip-hop artist going around with an ak-47 strapped around his shoulder enforcing order. you have fights now breaking out, as we can see. you are going to have need for somebody to come in and implant

order. i don't know who that's going to be. >> that's exactly right. at this point, there is no adult. i mean, i applaud the chief and his efforts to work with the protesters. one of our fears last night, protesters marched from the east precinct, the one that they currently occupy, over to the west precinct which is a mile away. so when you start giving in to people that take hostages and occupy a zone, they are going to demand more. we have seen efforts like this in portland and in nashville where they are trying to establish their own occupy zones. so really, what we need in seattle, what we need in washington state, is leadership to step up so we need everybody to join with us at the washington state republican party. go to our website, wsrp.org and ultimately, the voters of washington state have a real clear choice in august and november about changing the direction of our state. david: all of america does. you just can't appease criminals. that simple. protesters are one thing.

criminals are another. if you appease criminals you are in for a lot of trouble. caleb, thank you so much for being here. appreciate it. >> thank you, david. david: a huge step forward in the recovery as outdoor dining reopens in new jersey today. some restaurant owners say that's not enough. we will be speaking to one of them coming up. and thousands of fans are unhappy with the happiest place on earth. they say disneyland should wait to open until the virus is completely under control. we will discuss that with an insider coming next. ♪ ♪ yeah ♪ ♪ y-yeah ♪

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david: let's take a check on markets now. they seem to have found a level. at least one that is quite improved from where it started out. we were down over 600 points this morning. now settled at about half that, down about 300 points on the dow. the nasdaq has recovered quite a bit. it's moving towards positive territory, down .18%. the s&p 500 is down .76%. so things are looking a little better as investors first reacted very dramatically to talk of new virus spreads around the world. now it seems to be putting things in more careful order.

check the cruise lines. they are all down but they, too, have recovered a little bit. norwegian is down about 6%. carnival down over 6%. about 6.5%. royal caribbean down about 4%. hotels, bad day for hotels as well but again, recovery from the lows of the day. some recovery news from hard rock international. you know them. they just announced plans to reopen hard rock cafe locations in the u.s. and europe with new safety plans, including temperature screenings and enhanced sanitation. be interesting to see about social distancing in that environment, though. next one is disney. lauren, they are set to partially reopen a few more of their properties today. which ones? lauren: yeah. today. so these are the disney vacation clubs, their membership program. the resorts at vero beach florida and hilton head, south carolina, reopened today.

on june 22nd, disney vacation clubs in animal kingdom, bay lake tower, the list goes on, reopen. of course, as you know, orlando theme park, magic and animal kingdom, reopen on july 11th. david: wow. i can't wait. what about disneyland in hong kong? lauren: okay. so this is going to be the second disney theme park to open after shanghai. it opens this thursday on the 18th which is also the day in hong kong where they are relaxing a lot of restrictions that had taken place. what's remarkable here is that this park has been closed for five months. as i said, the second park to reopen in hong kong, just 1100 coronavirus cases and four deaths. so finally, this park able to reopen thursday. david: staying on disney, there is new controversy over splash mountain because of its affiliation with a controversial movie "song of the south." bring in former walt disney imagineer eddie sohto. how long would it take to

completely change a ride's theme? up until today, i didn't know there was a connection between "song of the south" and splash mountain. >> well, it depends, david, on how much adaptation you are going to make. as times change, the stories and the rides, sometimes people relate to them differently. it didn't take that long to change out some of the scenes in the "pirates of the caribbean" attraction a few years ago but it was a minor change. you are changing the theme of a whole attraction. say you are completely doing new animatronics. this could take a year or more to do that, at least that kind of time, because disney plans everything so well. you have to record. it's a pretty major deal if you are talking about a big, big change. david: whether or not it's correct or not to do that, we won't get into that debate, but sometimes political correctness steals the fun out of things. disney without fun is nothing,

frankly. fun is the magic sauce, the magic ingredient which is why kids love it and even parents love going back to it. is there a danger of political correctness kind of edging its way into the pure fun of disney? >> well, disney parks do incredibly well so it would be very difficult to measure that or to know that. people still love all the attractions and all these scenes so it would be hard for me to measure that. i don't know. david: petitions, there are now some petitions, again, it's hard to tell whose behind these things, tens of thousands have signed them that disneyland should be kept closed until the pandemic is really under control. does this foreshadow lower numbers when the parks reopen next month? >> well, you know, the disney brand has always been about reassurance and covid, you know, it's a psychological issue as much as it is a medical issue that people have to feel

reassured that are coming in. when i was at disney, we always had to go beyond, david, even the governmental laws because the disney brand is so precious and people don't want to be reminded that they are going to get sick or their mortality is in danger on a ride. we always went far beyond safety because it was the thing to do and we wanted guests to feel good. if anybody is going to do the right thing, the disney company will. we were always held to a higher standard. covid is something people have to feel reassured about when they come to the park. david: yeah. it seems, by the way, that in asia they figured out a way to do that, to keep the fun in the park and keep what needs to be done to fight the virus as well. you can do both. eddie, great to see you. thank you very much for being here. appreciate it. >> thank you so much, david. david: absolutely. the next case, united airlines. susan, what's going on with their loyalty program? lot of people care about that. susan: 100 million members in

mileage plus. it's worth about $20 billion but they are using it as collateral to get over $5 billion in cash flow on its balance sheet. we know that united is burning through $30 million a day because they are only flying 25% capacity. pretty much in line with what other airlines are burning through each and every day with planes still being grounded and people not flying as much as they used to. so they have to beef up their cash position. they are looking for $17 billion in liquidity hopefully by september 30th and hopefully, to get to even cash burn by the end of this year. it's tough going for these airlines. they also need to access, of course, the government loan and in order to do that, they need to put down other positions as well, so you know, a lot of these airlines, hopefully they will all survive but there are questions as to how many will and whether or not consolidation might be part of the plan. david: thank you very much. yesterday was president trump's birthday. happy birthday, mr. president.

he celebrated his 74th birthday with a record day of fund-raising. his campaign and the rnc taking in $14 million on sunday. financial support aside, he is facing mounting criticism about his upcoming tulsa rally. we will explain coming up. and there's no doubt about it. america is reopening, but are tourists ready to pack their bags and travel again? we are live on the ground at one of the country's biggest cities after this.

david: let's get a check on the markets. again, that dow has found the 300 point market as about where it should settle at least before the noon hour today on the east coast. today in new jersey, restaurants are being allowed to offer outdoor dining. but the town of asbury park is pushing to open indoor dining as

well. bring in amy russo, owner of toast asbury park. you are originally, as i get it, you planned to open indoors today as well but you changed your mind. why? >> well, last wednesday, the mayor and council had passed a resolution to allow for 25% capacity, up to 50 people indoors as well, based on governor murphy's executive order that was vague at best and that was quickly thwarted by the governor and they slapped an injunction and lawsuit on asbury park so she stuck her neck out for us and i supported her for not opening indoor today basically to avoid trouble and more, you know, police activity we don't really need in town right now. david: isn't it extraordinary that you are talking about police activity at a time when politicians like the governor of new jersey are sort of, they were actually encouraging activity that might be

considered to be violating the law when it comes to these protests. >> yeah. again, i don't really love to talk about the protests but he's certainly being arbitrary and contradicting his own executive orders as far as i'm concerned. i don't see why, you know, there are certain things that can hope, certain gatherings that can happen but we still can't eat in a restaurant. david: one thing businesses tell me over and over again is what's most important for them is being able to plan. how can you plan if the laws are constantly being changed, presumably by whim more than anything else? >> the only thing we can plan for is hurry up and wait scenario at best right now. we have people at the ready to come back to work, then i have to call them off because i just don't need that much staff, whether it's in the kitchen or front of house. so it's impossible to plan right now. but you know, we didn't get into this restaurant business because it's easy. we got into it because we wanted a challenge.

david: but in the best of times, you are operating with a pretty slim profit margin. most restaurants i talk to tell me it's like 5%. you think of apple with 30%. then you roll your eyes probably. but you must be -- you have three shops and i'm just thinking that with outdoor dining alone, you must be losing money, no? >> we will be. we most certainly, we are not even going to break even with just outdoor dining unless we can really get creative and the weather holds up. it's new jersey. we are not in, you know, a sunny always the same environment type of weather scenario here. we have to deal with even today, we thought it was going to rain, then it turned nice, now it's a little bit cool out there. it's decent for outdoor dining today but this could have been a very different interview. if it was raining, i would be doing nothing. david: when you think of asbury park, i think of bruce springsteen. any way you could get him on your side maybe to come to support you? >> well, he's never been to my

place. i want to throw it out there. he's welcome to come and have pancakes and eggs here. yeah, that would be great. we have had, you know, a lot of local support. bruce isn't one of them, but you know. david: at least the mayor is doing her best to support you. i'm thankful for that. >> amy quinn has been amazing. david: the governor is all over the place. and he's from the business community. he worked for goldman sachs. he's supposed to know about business planning. clearly he doesn't. amy russo, thank you so much. appreciate it. >> all right. thank you. david: as the nation reopens, the tourism industry is asking congress for a tax credit to promote traveling. they are asking for a break on air fare, hotels and lot of other travel expenses. grady trimble is live in chicago acting as a tourist for the day. is anyone else there? reporter: yeah, there are about four people on this boat but it seats 260 people so this is one of the companies that would really benefit from that tax break. we have a second shot, we are going on the famous shoreline

sightseeing architectural tour, about to shoot right up the chicago river here, where you can see the beautiful city skyline. this is one of my top recommendations for people who come here in the summertime but unfortunately, they are worried that not as many people will be coming here in the summertime. so the way this tax break would work, and the tourism industry is lobbying for it right now, it would cover up to $4,000 for 50% of your vacation. that includes everything from restauran restaurants, hotels and even sightseeing trips like this one. so they would certainly appreciate it as a company, this company would like its tour to have something like that, but they also say they need to get until next summer because this is a seasonal business. they only have people on these boats in the summertime. they need a grant or something like that to keep them going for the next year. and this is something that is a huge attraction in chicago, so i don't know if you can see up there, there's the trump tower. there's somebody they would like to get the attention of who has the power to lobby congress to pass something like this. david?

david: there's some unbelievable bargains out there for people who want to do tourism wherever you go, including chicago, the windy city, which doesn't look like it's a windy city today. looks beautiful. best of luck to you. thank you, grady. well, check this out. bitcoin, the market slide has dropped it below $9,000 for the first time since may. it's come up above that a little bit. it's still down $155 right now to $9,310. $10 billion has been wiped out in cryptocurrency recently. bitcoin, as i mentioned, is about $9,310 right now as we speak. oil, it is down for a third straight day, although that price has recovered a bit today. it is at a two-week low on worries of a second coronavirus wave but this morning it was down a lot lower than it is right now. and bp, they are writing off over $17 billion of their assets because of declining demand. they are now at $23.94.

down about 3.33%. well, the president is gearing up for his first campaign rally in months. he loves these things. his supporters love them as well. hundreds of thousands of people want tickets, almost a million. but a health official warns the event could be a huge risk in the middle of the pandemic. dho how does the campaign plan to keep people safe? that's next. save hundreds on your wireless bill

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david: well, president trump heads to tulsa, oklahoma on saturday for his first rally since the pandemic started but take a look at this. over 150 new coronavirus cases reported in the state on sunday. bring in erin perrine, trump 2020 deputy communications director. great to see you. thanks for being here. i should mention, the way the press reports it, you would think that is a huge spike. it's not that big a spike. but again, there are 800,000 people who have requested tickets for this event. obviously you're not going to get anywhere near that in a room but how do you manage to social

distance when you have so many cheering fans of donald trump in the same room? >> the campaign has actually received over one million ticket requests for president trump's first make america great again rally. that's just the enthusiasm you see with president trump. people want to see this president, they want to be out there with him and there's nothing like a trump rally. just like the president, the campaign takes the safety and health of the american people very seriously. so we are taking precautions to make this a safe rally for rally goers. we are going to be doing temperature checks of every individual who comes. we will be providing hand sanitizer plus having it readily available throughout and we will be providing everybody with a mask as they come to see their president in person. we want to make sure people are safe and healthy and we want to have a great rally. we expect an awesome event on saturday with president trump in tulsa. david: we have spent most of the show over the past three hours talking about how americans want to open the economy.

we have had business owners who are dying to open up again but are being stymied by local governors and mayors and such. do you think that there is now sort of a tea party movement among trump supporters that will affect the election results? >> we know that enthusiasm remains incredibly high for president trump, not only with republicans but every time we hold a rally we generally see that registrants for a rally, between 20% and 25% are democrats. the president talks about this regularly where there is a groundswell of enthusiasm. people want the economy to oh. there will be a demand. that's why we are talking about a v-shaped economic resurgence and not a slant, not a slope. that's why because this president built a strong economic foundation and it's like a horse race. the gates will open and the economy will come roaring back as only it can under president trump. david: from your lips. the rally was originally scheduled for friday but it is

moving to saturday so it doesn't conflict with the juneteenth, that's the day celebrating the emancipation proclamation. actually, it's celebrating essentially freedom for the slaves in the civil war. tim scott says the original date was not intentional. roll tape. >> they moved the date once they understood that juneteenth, i'm not sure that the planners on his inner circle team thought about june 19th, tulsa, oklahoma, race riots, unless you are doing a historical check you probably don't get those dots connected. david: so the bottom line is 99 years ago, there was a terrible race riot, the worst race massacre in american history in the 20th century. it was in greenwood, which is a tulsa neighborhood. is the president going to make reference to this? >> i never want to get ahead of president trump on his remarks but considering juneteenth, we are republicans and abraham lincoln was a key in the

emancipation proclamation. we are proud to celebrate that day. president trump talked to his inner circle, talked to his friends and they raised concerns over questions of juneteenth as the day. he listened, as he always does. this president loves feedback. he loves to hear from different folks -- david: he does take it. got to leave it at that. great to see you. thank you for coming in. appreciate it. best of luck with the rally. more "varney" after this. ♪ [shouting] [clapping and shouting] [cymbals clanging] . . .

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david: check markets. they continue to cover, dow is down less than 300 points. so there is room for improvement. it looks like we might make it there. neil cavuto has the next hour. neil, take it away. neil: david, thank you very, very much. as you indicated my friend, we're off the lows of the day but still down 300 points here. as david has been outlining for you a lot of worries are on new spike in cases we're seeing and even threats by new york andrew como, new york governor, if people don't follow the rules he will slow down phases going into place weeks ahead including in the new york metropolitan region where that is the most scrutinized reopening probably in the world right now. speak of the world, we have spike in emergency measures in india, b