somebody else's, some stranger covid germs, marc. that's crazy. maria: get new ones, steve forbes. just keep changing them. >> it gives new meaning to the word unmasking. maria: there you go. that's good. that's the best joke ever. we got to jump. stuart varney is on deck right now. great to see everybody today. "varney & company" begins now. stu, take it away. stuart: very hard to keep mr. tepper under control, is it not. i like what he had to say about masks. all right, good morning, marc. good morning, maria. good morning, everyone. indicator of the day, one that we follow to get a sense of the economy's rebound, jobless claims. 1.5 -- i think 1.508, that's slightly misleading on your screen, 1.508 million new claims last week. that is down 58,000 from last week. the down trend therefore continues.

here's the market's performance this thursday morning. not paying much attention to those jobless numbers. we are going to be down pretty much across the board. the dow industrials on the down side to the tune of 200. the s&p down about 20. the nasdaq, not much of a loss there, down 12 points. now, i've got some negatives to lay out for you. this may be a negative. several states report big spikes in virus cases following their reopening. it's the second wave worry. number two, medical authorities in beijing say the new outbreak has been controlled, their words, but virus statements out of china don't have much credibility with investors. here's another one. this is not helping. the european union will go ahead with its plan to tax big american technology companies. the u.s. has withdrawn from those talks. this too might be hurting investor sentiment. john bolton's book, very negative on the president. bolton says that everything he does is geared to his

re-election and that includes shifting china trade policy. if this is a problem for mr. trump in the election, it's going to be a problem for wall street. but let's look on the bright side. you are about to hear from a highly respected market watcher who says fear about a second wave is nonsense and you will hear about the real estate boom. cheer up, everyone. "varney & company" is about to begin. and then in terms of bolton, he broke the law. he was a washed-up guy. i gave him a chance. he couldn't get senate confirmed so i gave him a non-senate confirmed position like i just put him there, see how he worked, and i wasn't very enamored but he broke the law, very simple. as much as it's going to be broken, this is highly classified, that's the highest stage, it's highly classified information and he did not have

approval. that's come out now very loud and very strong. stuart: there you have it. clean cut. the president claims his former national security adviser broke the law with his new book. the justice department is trying to block its publication. john bolton, well, he's speaking out. he's done a tv interview, repeating his claim that the president geared every action to his re-election. got more on that later in this hour. back to the jobless claims numbers. i will -- all right, i will round up. 1.51 million newly filed unemployment people last week. brian wesbury, economist, is with us now. that's only down 58,000 from the week before. that's not much of a drop. what do you make of it? >> no, it's not, stuart. it's 11 weeks in a row where we have seen declining new claims. that's not great. we are still at 1.5 million so there are still problems with this economy. that's why i have always -- there's not a perfect letter for the recovery that we are going

to have. initially i was calling it a u, then a square root, where you get a v at the beginning, then you slow, and now i'm sort of calling it a swoosh. we are having a v-shaped recovery but it's not going to take us all the way back to the peak for a couple of years. stuart: hold on a second. you're the guy when you appear on this program, you always give us almost daily indicators of the pace of the economic recovery. so what kind of pace are you seeing right now? >> oh, this -- i mean, these initial claims are coming down because we are opening up. last month, box office receipts, movie ticket sales, up 158% last week over the week before. we bottomed tsa, people going into airports, at about 80,000 a day. we are now back to about 500,000 people flying every day.

so rail car traffic, steel production, hotel occupancy, all of them are exploding upwards but we have to remember, they're still way below where they were a year ago and that's kind of why i'm calling it a square root, where you get a bounce off the bottom and that's what we're seeing. retail sales, employment, all of these things, but really, there are small businesses that will never open up again. we did a lot of damage to the economy by turning off the light switch, so to speak, and it will take awhile to get back to those peaks. but we will get there, as long as we don't shut down the economy again. stuart: yes, indeed. that's a good story. all right, brian, thank you very much indeed. >> thanks, stuart. stuart: on this idea of shutting the economy down again. of course, that would be related to the virus. here's the news. over 2.1 million confirmed cases in america as of right now. but there has been a surge in a

few states, just in recent, in the last week, i think it is. ashley, give me the numbers from these states. ashley: yeah. it's interesting. let's take a look, we are talking about oklahoma, texas, florida, arizona, we are definitely seeing a surge. this is from johns hopkins. oklahoma in one day, the past 24 hours, up 259 but check out florida. up more than 2600. a lot of that being linked to bars that are now reopen and we are seeing clusters of positive cases from people going to bars. arizona at 1800 plus. by the way, health officials in arizona want to make it mandatory for the public to wear face masks whenever they are in public places. the city council says it will address that issue. look at california. more than 4200, more than half of those cases in l.a. county alone and very quickly, i want to mention texas, because one day tally of 3100 and also a record number of hospitalizations. hospitalizations does not mean there has been extra testing. that's a whole separate category

that has nothing to do with testing. we are seeing those levels rise in some states as well. stuart: okay. got it. thank you. now, remember everyone, i promised you at the top of the show, we have a market watcher who says the second wave idea is utter nonsense. the man who is saying that is david bahnsen. he joins us now. utter nonsense, the second wave. strong stuff, david. make your case. >> well, the language i would use to describe what's going on is not nearly as strong as the language everybody is using to try to fearmonger and sensationalize the data. you heard what ash just said. 259 cases in oklahoma. 259. so this is a surge, right. now, it's a couple thousand in florida, it has been trending, 1600, up a few hundred, it actually went down yesterday versus the day before. not a single one of these states is even close to ventilator capacity or hospitalization capacity, but when they say it's

being linked to a couple bars that reopened, i'm sorry, all of those bars reopened in europe, when all of those countries have seen their declines totally stabilize. the median state decrease in our country where there's been reopenings is all negative. the case growth is negative. positivity rate is going lower. there are a couple counties where you have seen an increase. l.a. county is one, maricopa county in arizona, miami-dade in florida. but the numbers have to be taken in context where you are talking about a few hundred people here and there. on a personal level, human level, you know me well enough to know i don't belittle that. i don't want any mortalities. i want this disease to go away. but when i see the sensationalism that is going on with so much of the press that refused to present this as a health risk three weeks ago when you had millions of people protesting, and none of those states have seen an outbreak.

those positive test cases would be coming in now from minnesota and new york. we are seeing declines in new york. so at the end of the day i'm a market watcher, as you said. my objective is to evaluate how this impacts the economy, how this impacts things for investors. i don't want a couple hundred more people in the hospital in arizona any more than anyone else does, but there's no possible way that's leading to this whole second wave economic shutdown. it's sensationalism. i will let other people decide if they think some of it's politically motivated or not but i certainly think most of it is clickbait and i think it's shameful. stuart: okay. that's strong stuff, mr. bahnsen. i like the way you're going. >> i'm holding back, stuart. i'm holding back. stuart: okay. if that's you holding back i would love to see you unleashed. david bahnsen, everyone. good man. see you again soon. thank you very much. all right. i want to look at kroger, the supermarket people. they reported just a few moments

ago, lauren, you've looked at the numbers, i believe that sales were up -- we knew they were going to be up but i didn't see a forecast from kroger. did you? lauren: no. they pulled it. they pulled it because they have no idea how consumers are going to shop as the virus eases. so we did see in the quarter that online sales jumped 92%, profits rose 57% but they pulled that guidance and they also said they spent $830 million on bonus pay and testing for covid-19 for their workers, including 100,000 additional new hires. stuart: that's an enormous amount of money. $830 million. i notice the stock is only down a fraction, though. this lack of outlook is not really hurting that much. okay. thanks very much, lauren. more earnings coming up later today. the gun maker smith & wesson reports this afternoon. they have seen a nice pop over the past few weeks because of the unrest in the country. people go out and buy guns.

the stock is fractionally higher this morning at $18 a share. it's had a nice pop so far. futures, have a look at them again. still on the down side, 200 down for the dow, 20 for the nasdaq -- for the s&p, 22 for the nasdaq. here's interesting news. spotify. whoa, spending big on their podcast. first, it was $100 million joe rogen. now they snagged an exclusive deal with kim kardashian. more on that later. wonder how much she got. former national security adviser john bolton is not holding back on how he really feels about president trump. watch this. >> how would you describe trump's relationship with vladimir putin? >> i think putin thinks he can play him like a fiddle. hi, i'm bob harper,

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how would you describe trump's relationship with vladimir putin? >> i think putin thinks he can play him like a fiddle. i think putin is smart, tough and i think he sees that he's not faced with a serious adversary here. i don't think he's fit for office. i don't think he has the competence to carry out the job. there really isn't any guiding principle that i was able to discern other than what's good for donald trump's re-election. stuart: okay. you heard it right there. john bolton, former national security adviser, clearly tearing into president trump's relationship with vladimir putin and saying he's not fit for office. he's set to release his book about his experiences in the white house, that's upcoming. let's bring in senator john barrasso, republican of wyoming. senator, the book says the president, you just heard john bolton, the president is not fit for office. all he's geared to is re-election. what do you make of the book and what john bolton's just had to

say? >> well, john bolton has become the darling of the liberal left. he's using sensationalism to sell books. i don't intend to buy it. he claims the president is thinking about his own re-election. stuart, that is not a surprise. every president thinks that way. he is accusing the president of trying to sell agricultural products to china. well, being from wyoming, an agriculture state, i'm for that. i will tell you, every time i have been with john bolton, he wants everybody there to believe that he is the smartest guy in the room. he thinks he ought to be president, he ought to be speaker of the house, he ought to be chief justice of the supreme court all rolled into one. i'm pretty much done with him. stuart: okay. we hear you, mr. senator. i will leave it at that. i do want to talk about more spending. fed chair jerome powell, he wants more fiscal stimulus. but a lot of the republicans who have appeared on this program say no more spending. where do you stand, sir? >> well, number one, jobs are

number one. we need to get people back to work. that's the most important thing we need to do to get the economy moving again. i'm going to be meeting with jerome powell on tuesday. this will come up certainly as a point of discussion. the senate's not going to consider another bill on this matter until mid-july. we want to assess the situation, see if we are continuing to add jobs like we did 2.5 million last month to see if consumer spending continues to go up as it just has done, so we are going to make a decision then what is necessary. stuart: but you wouldn't rule out -- i mean, we had senators on the program that say look, no more spending, that's it, whether it's now or three months from now, no more spending. you're not in that camp? >> i'm going to continue to work with the president and with other members of the senate to assess about a month from now where we need to go at that point. if there is additional spending, stuart, it needs to be on things

that are going to get people back to work. to me, that's the highway bill, it's infrastructure, it's roads and bridges which put people to work in all of our states, good paychecks for folks. that's an area we can take a look for in terms of recovering and getting people back to work. we have a bill that passed the committee that i chair, it passed the committee 21-0 and makes a difference to get people to work. stuart: senator rob portman has suggested a bonus for those people who do go back to work. how about that? >> well, one of the things he's focused on, this unemployment insurance bonus of $600 on top of what people would get for being out of work. we now have a situation certainly in wyoming and across the country where people are getting paid more to not work than to work. we have help wanted signs around the state of wyoming but because we have a generous unemployment insurance program, the income level is better to stay home than to go to work. we have to get rid of that

perverse incentive. it expires july 31st and we need to make sure that for people that really can't go back to work, there is help because if those jobs aren't there, but for people that are able to get back to work, we need to get them back on the job. it's the best thing we can do for our country and our economy. stuart: so you will reassess the situation mid-july. senator john barrasso, republican, wyoming, thanks for joining us, sir. we appreciate it. >> thank you, stuart. stuart: another big story in the news today. that's the big tech stocks. susan, you know more about this. the european union wants to tax them big-time? susan: that's right. after failing to reach a deal and talks breaking off, france is set to resume collecting 3% taxes on revenues at big tech companies of sales of more than $800 million a year. think of alphabet and facebook. this 3% tax could be delayed if there is a deal before the end of this year. a deal was nearly agreed to according to the french finance minister but treasury secretary steve mnuchin sent a letter to his counterpart saying that

negotiations should be paused and broken off during a pandemic. they have other things to worry about. remember that france had agreed to suspend the collection of this digital services tax after the u.s. threatened to impose retaliatory tariffs on $2.4 billion worth of cheese, wine and handbags but it's not just france. the uk, italy, spain have all been pursuing their own targeted taxes on digital companies. alphabet, facebook and amazon, they are under pressure there. stuart: would it be fair to say that america is now at odds not just with the european union but with other allies like india, for example, all these countries want to tax american companies which do business in their country? they say that's legitimate. so we are now at odds with much of the world. susan: yes. a lot of our long-standing allies as well. also, trading partners that have been on good relations but why are they taxing american companies? shouldn't they be focusing on

innovating and maybe producing their own apple, amazons and alphabets in the future? stuart: i think their argument is you do business in this country, you make a profit in this country, you've got to pay tax in this country. i think that's their argument. although i agree with you, why don't they create an apple themselves. why don't they do a facebook themselves. susan: america is the biggest market in the world. if they are going to tax them in their own home countries, if they want to do business in the u.s., the government can have a say here too, right? stuart: yes. let's hope we're not in for a round of tit for tat tariffs and punishment over this taxing of high tech companies. we shall see. as you are not supposed to say, only time will tell. thank you. still more on the big tech companies. around noon today, the house intelligence committee holds a virtual hearing with the security chiefs at facebook, google and twitter. now, that is all about foreign influence on our elections. keep it on fox business for any headlines that come out of that. as for the market this morning, yes, it is thursday

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side pretty much across the board. when we open that market in three and a half minutes' time. how about this. a big deal for spotify. remember first it was joe rogen for $100 million. now, lauren, kim kardashian getting her own podcast. tell me more. lauren: she sure is. she has inked an exclusive deal with spotify to host a podcast about criminal justice. it will start by investigating the case of the man who is convicted of three murders back in the '90s. he denies he was the shooter in all three of those. this is a major win for spotify. they inked a $100 million deal with joe rogen for his podcast to go to their services and now batman, superman, joker, they are coming to spotify as well. there's an exclusive deal between spotify and warner brothers to bring the dc superheroes content and super villain content to the platform. now you have spotify versus apple versus google's youtube when it comes to really making money in the podcast space.

stuart: super hero podcasts. now i have seen it all. look, if you can get paid that kind of money, i'm all for it. that's a fact. all right. thanks, lauren. lauren: they say they will use the platform to test ideas for new movies. stuart: what's wrong with that. how about some competition in the auto industry. watch out, tesla. what's this about ford? its own auto pilot system? what's that? susan: it's called ford's new active driver assist. it will compete with tesla's auto pilot and general motors' super cruise system. the active driver assist will control speed, braking, steering through a system of cameras, radars and other sensors on 100,000 miles of premapped divided highways across the u.s. and also in canada. the all-electric mustang mach ii will be among the first vehicles to get this system during the third quarter of next year. other select vehicles will then roll out with this active driver

assist as well. the f-150 as we know, since you have wornone, is the best-selli truck in america for the past 40 years. they say the new version rolling out next year would be a prime, prime vehicle to get this new self-driving automated pilot from ford. stuart: hold on a second. i just got this coming into my ear literally. we have jaffries raising its target price on tesla to $1200 a share. 1200. how about that. i didn't see that coming. did you? susan: we are pretty much in that realm. dan ives, friend of the program at wedbush, slapped $1500 in the most bullish case. i think people have been rising up their target prices since we know tesla has crossed through 1,000. then people have been downgra downgrading their recommendations on the stock as well. we have morgan stanley and goldman sachs says four figures is too pricey for a stock that's still feeling consumer pressure. you saw car registrations in california going down in the month of april and also may,

down by around 37% or so. then china is still a question, although you see china sales coming back. but 1500 might be a little to toppy. stuart: the opening bell is ringing, it will ring for ten seconds and then quit and we will start trading. odds are we will see quite a bit of red from the get-go here. here we go. we are down 170 in the very early going. down 180. down 200. as they open up, you can see a sea of red on the left-hand side of your screen. all of those stocks are down. apple is the one stock that is up but now i think that's moved to the down side. now it's back up again. look, it's not a mixed picture. it's a clean-cut picture of some selling. pretty heavy selling in the very early going. the dow is off 200 points, about .75%. how about the s&p 500? a broader market indicator. that's down just a half percentage point. not quite such a big loss. as for the nasdaq composite, that has opened lower but only

down a fraction, .19%. 18 points down on nasdaq. let me show you the big tech names, because they are under a lot of pressure here. it's a mixed bag. mostly higher but facebook and google are on the downside. at this moment, we are going to bring in, i'm going to be joined -- no, not ready yet. okay. i'm about to be joined by sandra smith on the fox news channel but not quite just yet, let me show you the financials. they are on the screen. these things have been all over the place. how about the airlines? i'm sure they're down today. i'm pretty sure of that. yes, they are. now here we go. sandra: stu varney of "varney & company" joining us. he's now in simulcast. good morning. i guess we already entered into your show because we are -- you are on the fox business network. here we are on the fox news channel. we love doing this with you, because you give us great perspective on the markets. what did you think of this news this morning? stuart: we had new unemployment

claims to the tune of 1.508 million. okay. that's down 58,000 from last week. that's not much of a decline. a lot of us were hoping for more because clearly, the economy is coming back quite strongly and we are hoping to see the number of jobless claims sink a bit more than they actually did. nonetheless, it is an 11-week down trend in new jobless claims and there's some positives in that. so don't think of this as a negative, one and a half million new unemployment claims. think of it as another part, another piece of the down trend that's going in the right direction. sandra: i would never ask you to forecast the stock market because i know you won't do that, stu, but tell us what you are seeing and hearing as far as the dow, the s&p, the nasdaq hitting an all-time high as we climb our way out of this. the dow down 200 points as we begin this thursday morning but i saw a wells fargo note this morning that basically said a

lot of the good news is already priced into the u.s. stock market. that's why we have seen this runup that we have. now we are going to really get an overall look in the coming months of just how bad things got in the middle of this pandemic in this country as far as the economy. stuart: you see, that's looking past, isn't it. we know it was bad. we know that march, april, may, that was real bad news for america's economy. the market always looks forward. it always anticipates what it thinks is still to come. you don't want me to give a market forecast and i'm not going to, but i will tell you that a lot of analysts who appear on this program have said consistently we are going to hit new highs for stock prices this year. why? because the federal reserve is pumping trillions of dollars, one way or another, into the economy. so is congress. we also have the reopening of america. we are casting aside the stay-at-home rules, going back to work, going back to business, business is being done, retail

sales are going sharply higher. on that basis, i'm inclined to agree with those people who say that the market will continue to climb. the dark spot on the horizon, i think, is the election. you don't know what's going to happen with this election. i think most investors want president trump to win because he's got a tax cutting policy but you don't know the result yet. you have no idea what the result's going to be. the market may be a little cautious about ramping up in the face of an election they don't know the result of. sandra: i think that's fair enough. obviously the 2020 election is going to be a big market influencer but also, the possibility of a swaefkd, secon stu. whenever we talk to larry kudlow at the white house, pete navarro and others, obviously the concern for the market would be if there was a second wave, especially the good news, if we were to get a vaccine. right now, kudlow and others saying this is not a second wave, the recent uptick we have seen in coronavirus cases, but

that would be a risk for an investor to take would o negati. stuart: well, you have seen an increase in cases in those states which opened early. florida, in particular. nevada is the same story. you've seen -- i'm not going to call it a spike because it is not a spike. it's an increase, it's not a spike. you could call it a surge but let's not fool around with the definition of it. look, if you get to the point where there are so many new cases, and more to the point, hospitalizations, if you get to the point where it really is a spike, you could see the reimposition of stay-at-home, don't go to work rules in some areas. that would hurt the market. but i don't think anybody is suggesting we are going to get a wholesale lockdown all across the country in the event of an increase in cases. it's a concern for the market but it's not an absolute terrifying worry. sandra: obviously don't want to

see that but that pent-up demand we have seen has been really good for the economy, for the markets. people getting back out, getting on airplanes, flying again, making purchases. there is good news out there. stuart varney, it is always good to see you. thank you. stuart: see you again soon. thanks, sansandra. thanks very much. sandra: he will continue on on fox business. stuart: yes, i will continue on. tell you what's happening on the market after six minutes' worth of business. we are down 240 points on the dow but i always say this. look at the level, please. 25,800. i've got some other indicators to check out. the ten-year treasury yield is .70%. it's come down. that means money's coming out of treasuries -- sorry, money is going into treasuries, maybe coming out of stocks. that's the trend there. the price of gold this morning, not much action. $1732, down two bucks. the price of oil, again, not that much action this morning. $37 a barrel. now i do want to check the

airlines. i'm pretty sure they are all down. yeah, they are all down. what's the concern? business travel. most airlines have now come to realize the level of business travel is probably not coming back any time soon to where it was before the virus. that's a problem. business travel, they make a lot of money on that, therefore, airline stocks down today. the use lincruise lines are dow. they may not have much of a cruising season for the rest of this year, although i believe it was norwegian who said they've got good bookings for next year. that's a long way away. individual stocks to look at. retailers, how are they doing? okay. with the jobless claims coming in at 1.5 million, that implies we've still got a lot of unemployed people out there, 20 million, for example, so the department stores and retailers mostly lower today, but not that much. boeing, okay, they are always in the news. down today. they are a dow stock and that

drop of 2.3% has taken a few points out of the dow industrials. disney, have not checked them for a long time, have reopened some of their parks partially. this morning, disney's quoted at $116 a share. still ahead, big show for you. senator from florida, senator rick scott, he's on the spike or the surge or the increase in virus cases. general jack keane on pompeo's meeting with chinese officials in hawaii. tomi lahren, fired up about the lockdown and kennedy on the cancel culture. the latest there. president trump blasting washington state leaders for allowing occupiers to take over seattle. watch this. >> the governor of the state of washington is weak and the mayor is weak and what they are doing is setting a precedent that's never been set before. it should never be allowed to fester like it's festering right now. it's disgraceful to our country. it's a disgrace.

stuart: it seems to me this is going to be a real challenge for local leaders there in seattle. how on earth are they ever going to get rid of this shop? that's the theme of my take that comes up at the top of the 11:00 hour. we'll be right back. where will you go first? wherever you make go, lexus will welcome you back with exceptional offers. get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. experience amazing at your lexus dealer.

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stuart: away we go, ladies and gentlemen. 13 minutes in. now we are only down 154 points. we were down 250 a few minutes ago. how about amazon, where are they this morning? because -- i ask because susan, i think somebody's come out with a very bullish call on amazon. susan: $5,000. $5,000 a share in the long term, according to needham research. that's up 90% from current levels. the stock could double in the long term. 3200 is where they say the stock will be in just around 12 months' time or so. amazon is going to continue to dominate with new offerings that will expand its growth including an alexa product and services because we know amazon is now a

services company, you think about it. amazon web services dominates around 40% of global cloud. also the alexa products have been doing well. $500 billion in media assets that have not really been fully priced in so think of the amazon videos and the music subscriptions that they are now offering as well. so as a scale multiplier, goldman by the way says amazon is worth at least $3,000 in the near term. $3300 according to rbc. there is still a lot of upside. stuart: do you remember scott galaway? i'm not sure what university, he's a professor in new york city. susan: nyu. stuart: thank you. you're right. nyu. he thinks amazon is soon going to be a major player in health care. susan: fastest growing in the health care space in five years, he says. now, this is a guy who predicted amazon would buy whole foods and he proved to be right. he says the reason why amazon is going to get big is because the covid lockdown has accelerated consumer trends. instead of going physically to the pharmacy we are getting our pills and medications delivered.

we know amazon bought pill pack in 2018 which some thought was staggering for $1 billion at the time but this all makes sense, right. not only to own e-commerce but also the medical distribution market which we know is a big market, a total addressable market that amazon could get a lot bigger in quickly. stuart: they sure could. they dominate everything they get into. that's the way it is. all right. amazon now at $2653. next case. you have been locked down. are you begging and dying to go back to the stores, bricks and mortar stores, so you've got some human contact? and you can touch and feel the product? the gentleman on the right-hand side of the screen is michael zaycor, retail analyst. he thinks people are begging to go back to stores. what evidence do you have of that? >> we have seen everywhere that the restrictions for stay in place have been lifted that people are flocking to malls, to

stores that have opened. does it feel and look a little bit different once they're there, absolutely. of course, all this in the context that a major amount of spending has moved online, but i think what we have learned a lot about consumer psychology through this crisis is, you know, there is that need for the human touch, the human interaction, and for a lot of products, the need to touch, feel, see, smell it. so people are coming back. they have shown they want to get out and as long as the retailers and the consumers can handle it in a safe and responsible manner, i expect that to continue. stuart: okay. now, you say that there are four retailers, you picked them out, four of them that you say are getting stronger. i will tell the audience what they are. amazon, target, walmart and costco. i see amazon in there, inevitably. the rest are not totally bricks

and mortar people but they are bricks and mortar people. what do you make of that? >> well, if we look at target and walmart and costco, the reason they are in the mix is they have spent years investing in technology, investing in their apps, investing in services like buy online, pick up in store, curbside delivery, and so you and i talked about those companies for a long time now, and really, what we're seeing in the great acceleration that's been created by covid is that the new retail model is the integration of online, offline technology and logistics. so those four companies more than any four companies in the u.s. have successfully combined those with one thing in mind. the consumer wants to be spoiled, they want to be able to buy anywhere, pick up anywhere, deliver anywhere, experience the brand and those four companies

are masters at it. stuart: i've got to tell you, it seems to me that online in whatever form, ordering, picking up or delivery, online is where it's at. i don't think people are going to go back to the old way of doing things. i think online is rapidly taking over. am i exaggerating? >> no, you're not exaggerating at all. in fact, that's where things were trending pre-covid and like i said, covid has been the great accelerator for a number of trends that were taking place. in some cases, that acceleration was far beyond anything we could have imagined, especially when we are looking at grocery and you know, one of the companies we're looking at, if you look at instacart, their activity is up 1,000% over pre-covid. so i think people are getting used to buying groceries online. they are certainly getting more used to buying from amazon and the marketplaces. yeah. stuart: not sure i'm going back,

either. michael zakkour, thanks very much indeed. appreciate it. see you soon. let's move on. politics. senate republicans led by senator tim scott unveil their plan for police reform. democrats waste no time launching their attacks. just listen to this. >> we cannot waste this historic moment. let's not do something that is a token, half-hearted approach. stuart: ouch. did you hear that? democrat senator dick durbin calling it a token approach. there's backlash on that. we will have it for you. big cities slowly reopening. people may be hesitant to get on public transportation, though. what about remember those scooters? we are going to show you a scooter that drives itself to the charging station. how about that. we'll be right back. robinhood believes now is the time to do money.

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so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. ask about saving up to $1500 on your installation. stuart: all right. we are still down but not as much as we were. we are off 120 on the dow but the nasdaq has turned positive, up 17 points. now, i showed you earlier that video of scooters that -- there it is. on your screen. that's a scooter that drives itself to the recharging station. how about that. look at it go. i think that's pretty cool. now, the gentleman who runs the company which has these scooters that drive themselves is colin

rush, the ceo of the swift mile corporation. colin is with us, right-hand side of the screen. i was shocked to see that. you actually have scooters that move along bike lanes or wherever with nobody in control but you on their way to the charging station. isn't that a bit of a problem? >> yeah, well, stuart, thanks again for having me on the show. ironically, one year ago today, i was on your show talking about scooters. yeah, so what we developed is our company swift mile and a partner company, really cool company that has technology you can put on scooters, that allows it to essentially drive itself to a remote operator. what's really neat about this, and kind of as we look at the post-covid world, things have to be better and smarter. clutter was a major, major issue and is an issue when people leave these scooters anywhere that block sidewalks and really ticks a lot of people off. this basically allows it to come

home, inspired by the roomba vacuum. stuart: are these in operation anywhere? >> yeah. so right now, these are in peachtree corners in atlanta. that's where we will set up combining the technology with our charging system as you see here. this is the smart charging technology that can work with any type electric bike, scooter or any kind of vehicle out there like that. we combine the two and they are extremely complementary towards each other. you will be seeing it this summer. stuart: i think you are on to something. because in the cities of america, which not exactly deserted but there's not that much traffic, people don't want to get on public transportation, i think the scooters are a pretty good option. look, i'm sorry i'm out of time, colin. come back and see us again. we were intrigued at the self-driving scooter and i'm intrigued at the idea that they will take off this summer, because people don't like public transportation. colin, come back and see us

again when i've got some more time and tell us how you're doing with the self-driving scooter. colin rush, thanks very much, sir. >> thanks for having me. stuart: sure thing. i'm going to show you some video of protesters rallying outside the house of the mayor of portland. they are upset because the city only cut $15 million from the police budget and they are demanding a zone of their own, just like in seattle. you know that could become a big problem for the democrats who run those cities. president trump back on the campaign trail heading to tulsa, oklahoma saturday. the media's not happy with that. i will tell you what i think about it in my take which is next. . . . (vo) at audi, we design cars that exhilarate with versatility,

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stuart: it's 10:00, do you know where your stocks are now? i will tell you. dow is 143. nasdaq up a small fraction. i will look at some of the stocks we check very frequently. start with big tech. microsoft's up nicely at 195. amazon's up 4. apple down just a fraction, a couple cents, that's all. so a mixed bag with big tech. the airlines, all of them down, that's because they're really, really worried about business travel. they don't think it will come back that strong and that's a problem. thursday morning just after 10:00 eastern, you know what that means. mortgage rates. ash, it's yours.

ashley: sound the trumpets. guess what, stu, record low level, 3.13%, 3.13%. that is the lowest in the survey's history that goes back to 1971. by my math which isn't great, that's 49 years. the lowest it has been since they kept records in 49 years. purchase demand activity we're told up 20% year-over-year. so the demand is there. inventory is still a problem. unsold inventory at record lows. i also checked the 15-year fixed that is at 2.58%. so lots of cheap money. if you want a loan, go out and get it. stuart: okay, i'm sorry i didn't quite catch that, ashley because i got another indicator coming at me. that is leading indicators. a look at future. ashley: that is a lot of indicate torts. stuart: cut you off on your prime. didn't hear what you got to say. leading indicators up 2.%.

ashley: good. stuart: that's good. i guess that's good. before you go, ashley, tell me again one more time, what was the 15-year mortgage rate? ashley: yeah. 2.5%. 2 1/2% basically on 15 year fixed. remarkable. stuart: unbelievable. you can lock in, guaranteed, monthly payment will never go up or down at 2.58% at 15 years. i would call that a bargain, ashley. ashley: i would do. stuart: i know you would. i want to bring in mike aubry, a real estate watcher and former hgtv host. we see green shoots in the real estate market. can we call this a real estate boom in single family homes? >> i think so. stu, listen, even before covid, what we started to see is lineal formation of families had people sort of coming out of urban areas going back into the burbs.

i think covid exacerbated that. listen in march and april i was on this very program i sort of came off sounding like a spin doctor, telling you i thought real estate would be a great you know pinning to the recovery of the economy. guess what, the numbers are in. we are in a boom right now. real estate is bonkers. i'm so busy. i'm having to do the interview from home because i don't have time to come to the studio. stuart: who is buying? i hear it is millenials. can you confirm that? >> absolutely. our issue is, i think ashley mentioned that, that we still have an inventory problem. obviously the most, biggest part of the inventory program we have is first-time home buyers and that is millenials. i think that everybody is buying right now. i think that quarantine has sort of forced everyone to reevaluate where they're at in the world, where do they want to be, god forbid if there is another

quarantine. stuart: here is pet topic. do you see people moving out of stocks where they made a lot of money in the last four years, moving out of stocks, putting some of their investment money into, like florida real estate for tax advantage? are you seeing any of that? >> i am. listen, real estate as an asset class at this point is, i think got to be a protective shield for any investor. i'm also telling you, listen, if you want to look at the security side of that same coin, watch builder stocks and reits this year. i'm telling you they will end up strong by year's end. i think you are seeing people sort of move some money out of securities into real estate because they are putting themselves in defensible position in a volatile market. stuart: mike, thank you for joining us, confirming we are indeed seeing a real estate boom. thank you. love it. mike aubry. >> got it. stuart: we cut the loss in half. we were down 240 i think it was

at the low. now we're down 115. i have a lockdown winner, that is kroger the supermarket people but the stock is down 4%. is lauren with the story? have you got this? lauren, what have you got? lauren: i do, looking at this decline of 4%. everyone is stocking up their pantries but the worry amongst the analyst community that the growth kroger saw with the pandemic is unsustainable. you couple that with kroger reported great earnings, they couldn't reaffirm previous guidance and couldn't confirm new guide dance. that is question mark for people out there the two quick things. online is booming. digital sales up 90% in the quarter that is a less profitable business for them. as they hire more workers, pay them more money, also test them for coronavirus that all comes with a cost. i want to share something the ceo said on "mornings with maria." >> if you look at today, it is

really across the whole store. people are continuing to buy things to cook together as a family. continuing to see great growth in produce. a lot of focus on health. if you look at our simple truth brand and also strong growth in meat and seafood. lauren: but they're not seeing that in the stock price. this was a lockdown winner but it is only up, the stock is inly up 10% this year. stuart: down this morning, thank you, lauren. focus on another lockdown winner, that is zoom. are they taking more steps to protect privacy? susan: and encryption, even those paying virtually nothing. they said that would be higher tier premium payers paying 14.99 a month. now free for everybody starting in july. that is it when the beta version rolls out. zoom was plagued by the security issues during the lockdown. they went from 10 million

participants to 300 million in matter of months. you had a term of zoom bombing where hackers broke into unauthorized calls. initially zoom said end to end encryption would be higher paying customers but they needed to provide evidence if they were subpoenaed or warrant issued by the police departments or fbi. that did not go along well with a lot of social media. along with clientele. zoom is protecting their business. we forget we have zoom, microsoft, facebook, getting larger when it comes to videoconferencing. for zoom to patch up security holes which they need to in order to go build confidence in investors and users this is something smart for them to do as well to reiterate in their business. stuart: if you can stop zoom bombing i think you do a good thing. susan: wow, 242 was record high on tuesday. i think we're past that. 250. up 250% this year, don't forget.

stuart: not bad i would say. overall market is coming back nicely. we were down 200. now we're down 65, 63 and falling on the dow industrials. everyone. now this. saturday night the trump rally in tulsa. tens of thousands of people will head to the city to be part of the president's re-election campaign. 18,000 inside of the indoor stadium. that is what the media is focusing on, the rally may be a super spreader of the virus. that is all there is to it. not what he says, how many people will flock to tulsa. not about the popularity of the base. giving impression that the president is being irresponsible. perhaps the democrats are worried that with mr. trump out and about, joe biden will have to come out of his house? and that's a problem. he does not do well in what might be called free flow situations. answering questions off-the-cuff is not his forte and he is not

good at policy. so much what he says is vague, and frankly weak. yesterday he did get out of his house in delaware. he drove all of 35 miles to southeastern pennsylvania. he delivered speech about reopening the economy. mr. trump, he said, has no plan besides hanging an open for business sign. that is what he said about mr. trump. mr. biden wants, quote, more protective equipment for people who go back to work? small business grants and hiring virus tracers. that is hardly a dynamic get the economy going again kind of speech. he is yet to meet many voters face-to-face. when he did that before the virus kept him home, he called a young woman, a lying dog-faced pony soldier. he doesn't respond well to questions and anytime he is off prompter he is a loose cannon. even from the confines of his basement he gets confused. but now, with the president back

in rally mode addressing huge crowds around the country, joe biden has no choice. he has got to show himself. he has got to look and sound like a future president. look who is here. brad blakeman. yeah, all right. look he is going -- look, my premise here is that the president is now out and about with these big rallies. that will force joe biden out of his home and i don't think that is good news for him. what do you say? >> it is bad news for joe biden because you're right, he will have to face the music. he will have to face the voters. there is nothing democrats would like more than to shame the president into this bunker mentality of staying in the white house like joe is in his basement in delaware and campaign from there. it is not going to happen. we're going to open for business. the president is going to have business as usual on the campaign trail. he is going to meet with voters. he will have press conferences. biden hasn't met the press in

over 80 days. trump sees the press every day and the gloves are off. the president is out on the campaign trail. shame him if you want. america is getting back to business whether they like it or not. stuart: we have to talk about john bolton's new book. in it he says all the decisions that the president makes make him, being, mr. trump, being reelected. mr. bolton said he would even skew china trade policy to get help from china. what do you say about this? >> you know, i'm not a fan at all of staff writing books. it is a big disservice to the president and the country when the president is still serving. you write books from history. you don't write books to get even, toe make money. it is not pa good thing to do. i wasn't there in the white house but i do know this, i served three presidents. i would never violate a confidence. i am writing a borke but 20 years after my service. nothing negative.

telling stories about being a witness to history like tee tianamen square and 9/11. this is a terrible disservice to the united states, to the president, the people who served with you. the president has no recourse on these books. and it does great damage i think to the ability for the president to govern. stuart: but it is going to be getting enormous publicity. the media will be all over it. i guarranty john bolton is on the weekend talk shows, if not there, the morning talk shows somewhere. it is not going to go away quickly, is it? >> i disagree. i think it is going to go away quickly. this is a blip on the radar screen. look what happened in the last 90 days. our world has been turned upside down. who knows what will happen in the next 90 days. who will know what happened next week? i think this is a passing blip. the good news for the president is, it is far in advance of the election. nobody will be talking about this in 10 days.

stuart: you're right. the news cycle shifts every 24 hours at the moment. that's, that is the nature of the news in 2020. that's the way it is. >> correct. stuart: brad, thanks for being with us. see you again soon. >> pleasure. stuart: you know we love a good tax exodus on this program. how about this? tomi lahren, good friend of the show, moved to nashville from california only to be hit with a new property tax hike. boy, is she fired up about that. she is on the show. senator dick durbin apologizing after dismission the gop police reform bill. here is what he said. >> we cannot waste this historic moment. let's not do something that is a token, halfhearted approach. stuart: south caroled line senator tim scott fired right back. you will hear what he has to say very shortly. virus cases in florida rising. let's get an explanation.

i will ask about florida senator rick scott. the good senator is next. where will you go first? wherever you may go, lexus will welcome you back with exceptional offers on exceptional vehicles. get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. experience amazing at your lexus dealer.

stuart: we got a significant ruling coming in to us from the supreme court. ashley, tell me more, please. ashley: yeah. defeat for the trump administration who had sought to block the so-called daca program, that is the deferred action for childhood arrivals, basically those brought to this country as children. the daca law by the obama administration, protects immigrants, hundreds of thousands of being deported. they can get a renewal waiver every two years. the trump administration tried to block that, the supreme court in a 5-4 decision did not allow the program to be blocked. the majority opinion, the

deciding vote was from justice john roberts. the supreme court basically saying it is not up to us to decide the wisdom of wise policies and threw it back to the department of homeland security. a defeat for the trump administration on daca. stuart: it was 5-4, a split supreme court. let's check the markets please, because we really come all the way back. it looks like any moment now we might turn positive on the dow. we already turned positive on the s&p. it is up just a fraction. nasdaq is up just a fraction but now the dow is down just 20 points. there you have it. governor cuomo of new york, he said it yesterday. new york city mayor bill de blasio, just reaffirmed it, that is, phase two of the city's reopening is on track to begin next monday. this will include outdoor dining at restaurants and bars and some in-store shopping as well as hair salons, barbershops, some

offices reopening getting back to work. as of monday, new york city, good news. spotify, this is a story and a 1/2. they reached an exclusive deal for podcasts featuring d.c. superheroes. what is that, superheroes i guess. kim kardashian as well. they will being exclusively on the music streaming platform. that is spotify. look at the stock. it is up 16 bucks. that is 8% on spotify. how about lyft, they say they will be gas-free by the end of the decade. does that mean all electric? susan: going all electric by the year 2033. ride-sharing, car, trucks, all of the service. this is after pressure from multiple politicians, saying you should move to electric. that namely comes from the home state of california. now what about pricing? we know that electric vehicles go at a higher price target and higher price than the all-gas vehicles? lyft says about it year 2025,

prices should even out. for those drivers, you should be saving around 50 to $70 a month in gas sales and gas costs if you're driving all electric cars this is part of the rental program for lyft, drivers. stuart: instead of buying their own cars can rent from lyft directly. ride hail something down, stu, from the depths of covid. uber says it is down 70% for the month of may as lockdowns still continue. people are still afraid to go back to work. stuart: who pays for us. >> going into the electric car driven by a lyft driver. susan: lyft drivers pay the cost. they give 30% of the commissions to the ride-hailing companies themselves per ride but they pocket everything else and pay for their own costs. stuart: i wonder, which is cheaper a gas-driven car at $2 a gallon or electric car heaven knows how much cost of

electricity? susan: they said the cost will even out by 2025, in five years. not everyone agrees with that prediction because we know that electric vehicles have mark up price of 20% or so. stuart: i agree with that. thanks, susan. let's get to florida, important stuff there the health department says and reports that 2610 new cases of the virus as of june 17th. florida senator rick scott joins us. mr. senator, some people call this a spike. some people call it a surge. i will call it a sharp increase. what's the explanation for it? >> well, what you hope is it is because we have more covid tests out. we'll find out over time, but what you hope is, it is fact more people getting tests. i hope everybody in the state is wearing masks, social distancing. i mean we know we haven't beaten this. i talked to employers. they're worried about keeping their employees safe and trying to get customers back safely. everybody has to take this seriously. in my experience in florida, that is what people are doing.

so we'll see. stuart: but this is manageable? you believe that this situation as of now is manageable in florida? >> i talked to the hospitals. the hospitals clearly have enough capacity. that is what the concern would be whether you have enough capacity in the hospitals but we can't let up. we don't have a vaccine yet. we hopefully we'll get it by end of the year. we'll continue to get more tests out there so people know. we're not out of the woods yet. we have to keep working on this. stuart: mr. senator, bear with me. i want our audience to see and hear what senator dick durbin said about tim scott, senator tim scott's police reform bill. roll that tape, please. >> we cannot waste this historic moment. let's not do something that is a token, halfhearted approach. >> to have the senator from illinois refer to this process this, bill, this opportunity to restore hope and confidence and trust from the american people,

from african-americans, from communities of color, to call this a token process hurts my soul. for my country, for my people. stuart: senator rick scott, your response please? >> well anybody that knows senator tim scott knows that he is sincere person. whatever he focuses on he is always focusing on doing something good. he cares not only his community, cares about his safety, cares about this country. he is taking this very seriously. he is taking input. i gave him input what i thought about the bill before it came out. he will try his best to get a great bill done. i will do everything i can to help him. it is disgusting what the democrats do. they only want to attack what republicans do. why don't they explain about defunding the police? that makes no sense. i want to live in a safe

community. everyone wants to live in safe community. stuart: some people criticize tim scott's bill too little, too late. any comment on that. >> that is not true at all. tim focused on the issues and focus the what can we pass he is very receptive getting feedback. we're starting this process. we put together, tim and his team put together a bill. if you don't like it, then go suggest how you want to improve, don't say it is worthless because the it is not. tim took this seriously. it's a serious proposal. and i'm hopeful we can get something done next week. stuart: senator, thank you for joining us on a busy day. >> bye-bye. stuart: yes, sir. we do have an exodus from big cities, new york in particular by the way. "the wall street journal"'s dan henninger, he blames failing progrowing sieve policies. he will make his case about the urban exodus in our next hour. big stuff. next, secretary of state

mike pompeo has had a face-to-face meeting with his counterpart from china. they talked about sharing information about the pandemic. can we trust what china produces? we're on it and we'll deal with it next i just love hitting the open road and telling people

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stuart: well, dow industrials did not quite turn to the upside. nearly but not quite. we're still down 50, 60 points for the dow industrials. there are plenty of stocks which really did benefits from the blockdown, i have one that might surprise you, left-hand side of the screen. lululemon. tell me, lauren. lauren: we tracked the price from when the world hello organization declared pandemic it is third best performer own the nasdaq 500. it is up 16%, topped only by technology which is up 17%. one more quick thing. a lot of people are saying do these gains continue for lululemon? arguably the answer is yes. yes for two reasons. first of all they made money, turned a profit in the quarter when lululemon stores were shut. secondly, leggings don't really

go out of style so they can protect margins but not heavily discounting items. stuart: good explanation. $301 a share for lululemon and i did not see that coming. trouble for the maker nikola of electric trucks. he was just on this program last week. what's the full story, susan. susan: ceo, is founder of nikola, fan of the show, he is furious by a bloomberg report that he may have exaggerated capabilities of his truck in 2016. big-rig one. nikola says the model displayed at this car, this car conference was actually drivable when it actually wasn't. so to this, milton tweeted this this response. bring this up. best part the interview is recorded it will be fun suing expletive now. i can't wait to subpoena him and his editor. i will set an example for anyone

who did a hack job like this reporter. the electric company has been in the headlines t was briefly worth more than ford this month after the stock market debut. no sales, no revenues. no car deliveries. people are scratching their head how the company could be worth over $20 billion. we have prototype trucks they have announced as well. not just the nikola one but the nikola two and upcoming badger. peoplerying this how will he be able to deliver the models? there is a bit of skepticism after the bloomberg report comes out. this company expects to make a billion dollars by year 2023 they have 14,000 reservations for their fuel cell electric trucks. thee rhettally, if you do the math, 14,000 reservations is $10 billion this is theoretical. no sales, no revenue, no deliveries. stuart: but the stock is holding at the 63, 64-dollar level. thatthat is a nice gain from whe

it was. nikola down 20 odd cents. that's it. now this, secretary of state mike pompeo met with his chinese counterpart in hawaii. we're told, we're told they discussed relations between the u.s. and china, need of full transparency fighting the pandemic. that is what we're told. come in retired general jack keane. general, what did they really talk about? >> first of all the backdrop for this, stuart is, president xi has been in power since 2013 and he has never faced a situation like this where he and hits country have faced international condemnation over covid-19 not only for their deception about its origin but also contributing to the spread of it by permitting international flights to go all over the world after they knew they had an epidemic on their hands. so clearly tensions are high. we understand from our diplomats, that the chinese really wanted this meeting to see if they can calm the waters so to speak because the united states has really led the charge

here. what was on the table here will certainly hong kong, taiwan, the uyghurs are a muslim group in china, they actually for what they call a training camp. most of us that look at that would call it a concentration camp and the trump administration is sanctioning china over that. i think it is likely secretary pompeo put a couple things on the table. one, something our audience would be very interested in is commitment from china to stick with the phase one trade deal that china and the united states negotiated just several weeks ago. and two, we want china to participate in nuclear disarmament talks that the united states and the russians are having because the start treaty will be renewed here after the start of the year and we want china who has a rapidly-growing nuclear arsenal that they have modernized be a

part of those talks. they have refused. it will be interesting to see if secretary pompeo was able to get a concession out of them for joining those talks. i also suspect there will be some cooperation on covid-19 you would think after the entire world is dealing with this crisis. stuart: secretary pompeo does have some leverage i think because china's aggression around the world is getting a lot of pushback. we're leading the pushback but that gives pompeo leverage i think? >> oh, yeah, i absolutely agree. xi and his, china's communist party regime, they, public image to them means everything because they want their people and their country, not just the international community, but the people in their country to see them as what? powerful and competent. and this issue that has come to their doorstep over their deception from the world community is about their

incompetence and their deception. that comes home to roost with them. you betcha, we have leverage with them. stuart: you're right. that is of great interest to our audience. general, thanks very much for joining us. we'll see you real soon. the market turned around, up not much but nine points. first green we've seen on the dow this morning. now this, at least four members of congress did benefit in some way from the small business rescue fund. tell me more, lauren. lauren: four members, two democrats, two republicans. start with the republicans here and congressman roger williams of texas made his fortune, it's a big one in car dealerships and real estate. his office says this, congressman williams has been transparent and open about receiving a paycheck protection loan to keep everyone of his employees on his payroll like five million other american businesses.

missouri congresswoman, vicki hartzler. she is republican. she owns farm and equipment suppliers. the employees worked in our small business, many who have been with us longer than i have been in congress deserve job security as well. on democratic side, the office of congresswoman debbie powell of florida, her husband a vice president who works in the legal department at fiesta restaurant group played no role in obtaining the loan. the loan was returned. congresswoman susan li of nevada. her husband is a casino developer. she too got some aid. none of these actions, stuart, are illegal. it raises questions about conflicts of interest when people in congress, when lawmakers are receiving federal money. stuart: it does. it raises those questions, they should be looked at properly. lauren, thank you. a secret messaging app helping protesters, anarchists and

others organize and mobilize. security experts say it's a dangerous tool for criminals. we'll explain it. america's biggest tech company is feeling some heat as republicans in congress push new legislation allowing users to sue for political censorship. >> well i think as people see more and more how powerful big tech is and how they're using their power to favor one political side or the other, i think people will stand up and say, this is enough hey you, yeah you. i opened a sofi money account and it was the first time that i realized i could be earning interest back on my money. i just discovered sofi, and i'm an investor with a diversified portfolio.

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♪ take me out to the ball game, take me out with the crowd ♪ stuart: you're looking at deserted new york city as we play take me out to the ballpark. we have update on baseball for you. ashley, this is yours. do you think they will play, you think? ashley: they're still talking so no but the latest proposal from major league baseball to the

players calls for a 60 game season. that is well under half what it would normally be. the players would receive full prorated pay for the players based on 2020 seasons. the season would start around july 19th. the players are expected to come back with another counteroffer before they turned down a 72 game season with 70% of their prorated salaries. so it goes back and forth, back and forth. time is a wasting as they say. this latest one offered yesterday would baseball begin july 19th, with shortened 620-game season with shortened play off for this year and expanded 2021. stuart: amazon, this story will not affect the stock price, amazon is planning to make all the premier soccer matches which it has on contract, all will be free to watch on the prime video

streaming service. i take that as good news, ash. ashley: very good news indeed. stuart: okay. big tech, under fire on both sides of the aisle. hillary vaughn, come on in please. what is happening today, in fact? reporter: first of all the house intelligence committee is holding another hearing looking at election security. we'll hear from representatives from facebook, google and twitter. this is not the only scrutiny these company ares looking at. the doj is looking to strip legal protections that online platforms receive, kind of the safe harbor they get from liability over how they moderate their platforms. the doj says they want more consistency and more accountability for how they monitor their platforms and what they censor on those platforms. in that same vein multiple republican senators introduced a bill that would allow users to sue online companies like google, like facebook and twitter, if they unfarly, inial

if they unfarley put their guidelines on users in an unfair way, allowing the users to sue and get up to $5,000 in, essentially damages and also requiring the companies if the user wins, to pay for their attorneys fees as well. we heard from senator josh hawley. he is the person that introduced this bill. it has really been talking about making this happen for quite some time. >> right now if google deplatforms a conservative website or if twitter takes away your platform, you can't do anything about it. you don't have any recourse. that's wrong. you should be able to go to court. reporter: and, stewart, the house judiciary committee is still pursuing the antitrust probe. we're learning facebook, google, indicated willing to let their ceos testify in front of that committee. stuart. stuart: $5,000 per user, that can really add up. hillary, thank you very much. an app, called signal, it is

popular with protesters recent weeks. curt knutson is the cyber guy. this is signal, right? totally secret, so you and i could correspond absolute secrecy, is that correct? >> it's true, stuart. good morning. you would also have to have downloaded the signal app. i would have to have it on my end which makes it a little bit restrictive but this has seen a surge in downloads mainly because of protests going on, 32.4 million downloads in total. this is born out of the desire to circumvent surveillance, mainly government surveillance. it keeps things uber private. if you were that privacy nut early on, when signal came out in 2015. this is something you might have embraced however it is a bit cumbersome. it is not that easy to use, but it is the most secure app out there for that end to end encryption conversation.

what does that mean? it means from your end all the way to my end, openly you know what's there and only i know what is there when it arrives. not even signal knows what is there. the same encrypted technology by whatsapp and those on apple. those with 2 billion phone sets. not a real comparison there. the pros on this thing, most secure messages can self-destruct. you can set it from five seconds from now to about a week from now for the message to go poof, very james bond 007esque. it works on any phone or computer. you have to have signal on both ends. both users, yes, stuart, i'm listening to you. it is not user-friendly. it is mainly a tool that i always consider good for criminals but you see protesters sort of trying to use this to say, gosh in case they're looking i don't want them to know what i'm doing. stuart: that is what i'm going

to ask about. do we know for a fact that people taken over the enclave in seattle, insurrection i call it, do we know for a fact they're using this thing? >> there are several downloads. it would make sense, based on the sheer popularity of that, and what's app, people are using that because it is so difficult to trace. i always think to myself when i see, i tried signal out. it works. it is just not that easy. it is not that friendly. i notice a lot of people bail on it once they use it for a little while. what i do notice when i see that little icon on somebody's phone, i think what are they hiding? why would they have that there? i think drug dealers. i think criminals. i think looters. they would be, you know, really the ones trying to hone in on an app like this because, yeah, it is supersecret tiff but at the same time it is not that easy to use. stuart: in other words, i might be interested in it but i certainly couldn't use it.

kurt knutson, thanks for joining us. >> good to see you, stuart. stuart: several airlines making masks mandatory on flights but not the faa. got that story for you coming up. how is this for social distancing on planes? a new proposal for double-decker seats. is this future of air travel? i wonder. a lot of people are taking another look at their front yards as new place to entertain friends and neighbors. that is new business for landscape design companies. it's a new business itself. we'll show it to you after this. we're carvana, the company who invented

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stuart: check that market. we're down for the dow, not much. down for the s&p, not much. up for the nasdaq, not much. i want to give you a quick story here about entertaining in your front yard. during the lockdown in florida it was quite common for people to get together on the driveway. you bring a chair, you bring your own food. you might bring some wine. you would sit around and social distance with your friends and relatives in your front yard. jeff flock is in illinois and he

has a story -- you're laughing here but you know what i'm talking about. home improvement is a boom industry. reporter: it is like when we were growing up, stuart, everybody was in the front yard. they had the chairs out. mid-century america, that was it. it is sort of coming back because you can kind of socially distance a little bit and by the way i'm in a wonderland for your yard. this is a place called lurvy in chicago. scott is the manager of the place. i tell you people are going nights right now. >> they are enjoying their spaces right now. it is great to see. reporter: you were saying even you in the front yard with your kids out there, mingle with the neighbors? >> sit out on rocking chairs and watch them on the bikes. reporter: take me through some of this. this is like a wonder land of stuff. this is what people are buying. we had a story yesterday about wealthy folks not traveling as much. not going to fancy restaurants, not eating out that sort of thing.

they're spending money on their houses. >> they are. what is kind of cool, any space that you have you can purchase something for it, make it more enjoyable, be it a balcony or a small patio to fullback yard makeovers. reporter: you're doing that now, total makeovers for people's yards, hard to get on the schedule. you can't find enough people. >> correct. there is lack of, lack of labor unfortunately out there and people's time frames are two, three months out unfortunately. so a lot of diyers using themselves. reporter: i was going to say you can get dirty yourself. you like that stuart. talk about lack of labor, people are getting unemployment and getting extra benefit. >> they are. i think they're using it for their yards. which is nice. reporter: okay. look at this. isn't this beautiful? this is like your farm, stuart, only, you know, cost as little more maybe because of flowers. stuart: flowers as opposed to

trees. jeff, always good. thank you very much, sir. complete change of subject. it is a lawless enclave, carved out of an american city. this thing may be spreading. the autonomous zone in seattle, now has protesters in other cities demanding a police-free zone of their own. looks like a problem for the democrats to me. more on that in my take which is coming up. the can sell culture hits country music. first it was lady ante bellum, there are growing calls for another group toe change their name. we're on this one. a look inside of foxwoods, the connecticut casino reopening. changes of course. i want to know what they will do about the dice, the cards chips, all the other stuff people actually touch. what are they doing about that? we'll find out soon ♪ yeah

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stuart: 11:00 on the east coast. the markets have turned around indeed but not by much. the dow is up 20, the s&p is up 5 and the nasdaq is up 41. but we are gaining some ground as of right now. earlier today, we did get the latest read on jobless claims. almost 1.51 million people applied for first-time unemployment benefits. that is about 58,000 fewer than last week. so we do have a down trend. the market not really responding to that but we do have a down trend. all right. now this.

the chop, yeah, the autonomous zone in seattle, you could call it what you like, it's still there and it's not a summer of love kind of thing as the mayor hoped. it's a lawless enclave carved out of an american city. now, in portland, oregon last night, protesters appeared outside the mayor's house. they are angry that he only wants to take $15 million out of the police budget. they were demanding a zone of their own in portland, oregon. this is a democrat problem. liberal policies and their rhetoric created this far left takeover and they haven't a clue what to do about it. they don't have the courage or the will to take back control of their own cities. in seattle, the zone has been solidified with concrete barriers erected by the city. it looks like it's here to stay. does the rest of the country approve of this? surely not. which town or city wants to give up territory to armed vigilantes? beverly hills, by the way,

epicenter of hollywood liberalism, just banned demonstrations at night. they are worried they may have an autonomous zone in their front yard. it's hard to see how seattle gets rid of the chop. call in the national guard? probably not. use the police? maybe, but that would be a major policy reversal. no. it is a festering sore in the center of an american city. it's not going away. it may even spread. and that is the democrats' political problem. they are associated with lawlessness, anarchy is never a vote winner. 138 days to the election. steve cortez with us now. he is with the america first, the spokesperson for that organization. steve, i talked about seattle. you're saying, i believe you've got a piece out that says the same thing really applies to chicago. tell me more. >> unfortunately, it does. first to your comments on seattle because i think this is critical, stuart. it's really amazing, i mean

amazing in the worst way, we have now seen two major american cities, minneapolis and seattle, literally give up american police stations, give them up to rioters, anarchists, marxists and antifa. we in the america first movement believe in jobs, not mobs. what i mean by that is we want to create a future of prosperity for everyone, not lawlessness and mob rule but to get to your point about my article, i talk about in chicago, in my home city, i'm in pittsburgh today but i live in the city of chicago, and as someone who loves chicago and has raised a family there, i'm trying to warn the entire country, you are headed the way of chicago. what has happened in recent weeks in this country, i mean by that an acceptance of violence, the aggression of far leftist marxist elements who want to gain control of our society, that is the chicago model, unfortunately. the chicago model results, the statistics bear this out, if you look at my home city, the chicago model results

unfortunately in depravation and danger because that is the reality. chicago has become in many ways a third world city in the middle of the united states and americans don't want that. we don't want the future of chicago, i believe we want the future of an america first agenda. stuart: okay. look, this is what everybody is talking about today. the new book from john bolton. i'm sure you have read the excerpts from it. they are in every major news organization. basically, bolton is saying that every single decision that the president makes is based on his re-election and that he would actually shift policy like china trade policy to get re-elected. well, the president has responded by the way, so i want everyone to watch this. roll it, please. >> he was a washed-up guy. i gave him a chance. he couldn't get senate confirmed so i gave him a non-senate confirmed position. but he broke the law. very simple, i mean, as much as it's going to be broken, it's highly classified information and he did not have approval.

stuart: all right, steve. is this going to stick around as a tough spot for the president for days or weeks, or does it disappear with the news cycle? >> stuart, i think this is a beltway story that a lot of democrats and their allies in main street media get excited about that has no resonance with naern peopl american people. the main reason for that is john bolton is a d.c. insider, really a swamp scoundrel. first, if his ridiculous claims were actually true, then at that time, he would have been honor-bound to resign and go public if he were actually a patriot but he's not a patriot. instead he's a warmonger who has tried to make a new career out of attacking president trump and also, this is important, his words today cannot in any way be reconciled with his contemporaneous public statements at the time. he was lying then or he's lying now. either way, this is someone who should not be taken seriously. this president by the way gets to decide because the american people hired him for that job. he is the commander in chief who decides the direction of american foreign policy.

now, that has angered a whole lot of people within the foreign policy establishment of washington, d.c. who believe in nation-building and endless war but that was never our agenda and it is not this president's prerogative. stuart: steve cortez, thank you, sir. thanks for being with us again. see you again real soon. thank you. next, i will return to the stock market for a moment. we have the big winners from all the major -- the big three major indicators for the first hundred days of the pandemic. first i will show you the dow winners. those are the stocks which appear on the dow, they were big winners during the hundred day pandemic. no surprises. apple, microsoft the two huge winners in this dow. how about the s&p? that's an index of 500 stocks. another no-brainer, really. the big winners are paypal and amazon. we are showing you where they are now, all of them have gone way up in the hundred days of the pandemic. paypal and amazon among the s&p. the nasdaq, tesla.

tesla got that, look at it, but here's a name you don't see very often, dexcom. they are up 44% since the pandemic started. they make glucose monitors for people with diabetes. they did very well in the hundred days of the pandemic. we thought we would show you some winners. look at tesla. $1,000 per share as of right now. have a look at the price of oil this morning. let's see. what have we got. what's the price of oil? i think about $37 per barrel. $38 per barrel. we are putting it up because it went up a buck. now, susan, traffic is down big-time in beijing. because of a second wave of the virus that has opec leaders concerned. i don't understand this story. spell it out for me. susan: the reason why we have oil prices back up near $40 a barrel, coming back up from the negative levels, historically negative levels that we saw in the month of march, is all because of chinese demand after they reopened after coronavirus,

demand started picking up. in fact, they saw record orders in the month of may. because of this outbreak, the second outbreak that's really concerning in the chinese capital of beijing, people are concerned that maybe usage of oil will be going down. for instance, we saw tomtom international, a navigation company, says oil demand and traffic is actually only at 29% of what it was just about a week ago. 67% is what the levels were seven days ago on average. last year it was 62% of traffic on the roads. with less people driving, less demand coming from the largest oil importer in the world in china, that's not good for oil prices. as for the actual outbreak itself in the capital, beijing, we know 150 confirmed cases of covid-19, schools have been now, also 1200 flights in and out of beijing have been canceled and neighborhoods have been locked down, and three and a half million have been tested as the chinese capital and the mayor

himself says it's an extremely severe situation in his view because this is the largest coronavirus outbreak, by the way, since wuhan which we know was the epicenter of this global pandemic. stuart: i thought medical authority in china this morning said the outbreak in scombrabeid been controlled. susan: i wouldn't necessarily use the word controlled. the fact they are testing so vigorously, as i mentioned, in just a matter of days, three and a half million people out of a city of 22 million have already been tested. we are only looking at 150 cases, by the way, if you want to take that into account of the larger population. stuart: okay. that's important. okay. thanks very much, susan. got that. now let's move on to disney. disneyland hong kong, they have reopened. how was it on their first day back, lauren? lauren: hot. very hot. required to wear a face mask all the time in 89 degree heat. people were excited to get out and about. a couple changes we noticed unlike shanghai, the first

disney park to open, hong kong, you don't have to share your phone with a code saying you haven't left the area, you don't have coronavirus. you fill out a form that says i have not left hong kong in two weeks time. they are also doing something called character moments. it's not a character meet and greet but you can get socially distanced from the characters and take your picture. a lot of people were liking that. the second disney park is now open. stuart: i can't see taking kids around a theme park with a mask on. that would be tough, wouldn't it? lauren: my kids won't wear masks. i tried. stuart: so they don't go to disney, i guess. okay. you could bribe them, if you wear a mask you can go to disney. you could do that, you know. lauren: true. true. but i think not. stuart: what about disney world in florida? they are now accepting dining reservations? is that right? lauren: right. this is the orlando resort. they are taking restaurant reservations starting tomorrow. but you must have a confirmed

booking at a disney resort hotel to make one and you can only go into a restaurant if you have a reservation. so it's all about crowd control and safety here. while disney springs, the shopping and dining area is open, the magic and animal kingdom open their doors july 11th. we are getting close. i think that will be the biggest test. stuart: i think so, too. disney this morning holding at $117 per share. thanks, lauren. new survey shows half of working adults are afraid to return to the office because of the virus. so what happens to all that empty office space? we will see if we can tell you what's going to happen to it. retail sales way up, 17.7% last month. but one key group slowing their spending. might surprise you. we will tell you all about that key group coming up. first, nashville votes to approve a 34% property tax hike. in the wake of the virus shutdowns, will small businesses

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stuart: still in the green but only just. the dow is up 10, the s&p is up 5, the nasdaq doing well, up half a percentage point, 45 points higher. let's have another look at the airlines, please. i want an update on masks. no mask, no fly. what's this all about, ash? ashley: yeah, it's interesting because the faa says there is no mandatory rule from their perspective that you have to wear a face mask. so it's a bit murky, a bit

confusing. the faa says it's up to the individual airlines and most of the individual carriers are indeed enforcing face masks. let's give you a list. united, alaska, american, delta, hawaiian, jetblue, southwest, just to name a few. united, by the way, reportedly developing a list of passengers who refuse to wear masks and those who they may be refused service in the future because of that. the faa administrator met with a senate committee yesterday and they were pretty miffed about all this. they called basically the instructions surrounding face masks as uneven and difficult and they were asked why on earth doesn't the cdc require that everyone wear a mask on airplanes, but the cdc doesn't and apparently neither does the faa. so it's all down to the individual airlines and that's why it's just a little bit uneven. people are a little confused. stuart: look, once you get on --

okay. you've got to have a mask to get on the plane but do you have to worry it the enti wear it the entire duration of the flight? i can see all kinds of confrontations if you take it off and the flight attendant says put it back on again or your seat mate says put it back on again. it's all over the place. while we have got you, ash, tell me about the double-decker cabin seats. ashley: well, it's not reality but it is from a designer, to me it looks like bunk beds. they say this is -- this would be for premium economy. these designs, you can have one above the other. it uses the space where the overhead bin would be. you actually get more leg space, you can lay flat, you are more isolated from your fellow passenger. all of that is good in this age of covid. and they say look, 85% of passengers they say cannot afford first class or business. this is a nice affordable alternative. how close to reality are we with this thing? well, it would take maybe up to

three years to check the safety of such a design. but it's interesting, is it not? to me it's bunk beds but interesting. stuart: they're just trying to keep people apart, i guess. that's one way of doing it. if it takes three years to get approval, that's too long. all right. our next guest recently moved to nashville. she went from california to nashville and as soon as she got there, she was hit with a 34% property tax hike which has been approved by the nashville city council. tomi lahren is with us. california lady who moved to nashville and gets hit with a tax hike. who are you blaming for the tax hike? >> well, you know, i look to our leadership. i look to mayor john cooper, a democrat, mind you. in the red state of tennessee we have a county, davidson county, nashville, that is being led by a democrat. i would also like to say not only did i flee los angeles to move to here in nashville but i also decided to buy a home here

in nashville so now that 34% property tax increase is just lovely, especially after everything that nashville is going through with the tornado in march, with covid lockdowns that are still in place. now here we are. thank you, mayor cooper. stuart: that's why they raised taxes. they need the revenue for the police and dealing with the virus and the lockdown. i mean, they've got a reason for this. right? >> well, yeah. your reason is yes, we need to pay for this coronavirus lockdown but mind you, with the way that this is set up here in nashville, we have davidson county but very close to us is williamson county, brentwood, the franklin area, kind of considered the suburbs. now, they, their restrictions and lockdowns were taken away much quicker than here in nashville, where our mayor insisted that we had to stay in phase two. mind you, this is also, this is really rich, you will enjoy this, so we were supposed to move to phase three, but then the mayor said no, there has been an uptick in covid cases, we have to go back to phase two. that hurts business owners, that

hurts people that want to go back to work. but simultaneously, he encouraged protesters to join him out in protest. so that's my big beef with this. you can't say that business owners have to remain under restrictions and they have to have a lower capacity, and then encourage people to take to the streets by the thousands to protest. it doesn't add up. so the real people -- the people that are going to suffer are the good decent people who just want to make a living and open their businesses and now we've got a 34% tax hike. stuart: okay. well, just enjoy the low income tax rate. i don't believe there is an income tax, state income tax, in nashville. i don't believe there's an estate tax either but you are a long way from taking care of that. tomi, i know you interviewed mma fighter tiko ortiz on fox nation. i want to play a clip where he's speaking about the american dream. roll that tape. >> what worries me is all the young ones, they don't want to work for something. nothing in this world is free. you are going to give up something one time or another.

at the end of the day i look at it, i'm not a republican. i'm not a democrat. i'm a conservative american that cares about this country. stuart: well done. found one. conservative american who cares about his country. what else did he have to say? >> you know, his story is really incredible. he talked about growing up in california, he's the son of mexican immigrants. he talked about a time in his life where he was living in a hotel with his family members where he actually was selling fish off the dock to make extra money. this is someone who really pulled himself up by the bootstraps and was able to make an incredible career and he continued to work hard and continues to share that work ethic. his main mantra is the american dream is there and available for anyone who is willing to work for it but you got to work for it. stuart: we are so often told the american dream is dead, or it's not a real thing because you can't rise, you can't move up. income inequality or whatever it is is holding you back. i'm here to tell you, i know you

will agree with me, the american dream is alive and well and lives in america. that's where i'm coming from. i'm sure you are, too. >> oh, absolutely. you know, we have a generation that feels very entitled, that feels they should be given everything for nothing. they are not going to be happy that way. our country is not going to be able to continue on in its greatness that way but there are still so many americans in the silent majority who are ready to work for the american dream. we are going to keep this country together even if it kills us. stuart: these youngsters. sound really are. be careful. it's old guys like me who say this younger generation want something for free. when can i watch the rest of the interview? >> it is streaming right now on fox nation. you can watch it whenever you want. stuart: okay. the show is "no interruption" i believe, right? >> yes. "no interruption." that's my series on fox nation. i interview a lot of interesting folks. tito is my latest interview. stuart: i'm tuning in immediately.

thank you very much for being on the show today. great stuff. appreciate it. thank you. >> thank you so much. stuart: this year, 2020, what a test it has been for the cities as they deal with the virus and big-time protests. will the chaos stress push people out, moving out of the cities? yes. it is happening. dan henninger, "wall street journal" guy, coming up. he's going to tell us about the new city exodus. the cancel culture coming for the world of music. a week after lady antebellum changed its name because of ties to jim crow, critics are calling for another band to rethink their name. we will tell you who it is next. ♪ we design and engineer in america.

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stuart: really no clear trend on the markets this morning. we are down for the dow, up for the s&p, up for the nasdaq. i should point on the nasdaq, that's still up about .33%. at & t has announced its 5g network will reach the entire country, not by next year, not by the end of this year but by the end of the summer. stock's not doing anything. it's actually down three cents.

they also say at & t will cut thousands of jobs. they say it's because of the virus. i'm not sure how. they are closing hundreds of stores, maybe that's why at & t is down just a fraction. one thing the virus is not affecting at this point at least, that's the markets. despite an increase in cases in some big states, the market's not really selling off on that at all. heather zumarraga is with us. heather, i thought that fears of a second wave would really send the markets way down but that doesn't seem to be happening. >> no. it really doesn't. as beijing enters a second wave and we are getting news that there's reemerging a potential second wave here in states as we reopen, the stock market continues to go higher. i think because the economy is going to stay open down here in florida, for example, governor desantis is saying although there's more testing and that means more cases, they are not going to shut down the economy again. that's why the stock market is going higher. stuart: i would contest the view

that the increasing cases that we have seen in four or five, six states, i would contest that that is a spike or a second wave. i don't think it is. it's not -- i mean -- >> you think it's still the first wave? stuart: well, it's just -- i don't think it amounts to a second wave. i think this is a creation of the media. which wants to concentrate on the seriousness of the virus, which it is serious, but which wants to take the news away from the progress of the economy. i think this is a media confection to some degree. >> i agree. some would argue that it is not a second wave, that this is part of the pandemic that we have had for the past three months, and that the data is actually getting better. the media is ignoring that. retail sales, for example, up 17.7%. that is telling me that the consumer is still spending in full force despite covid-19. now they may be shopping online or spending habits have changed. you look at amazon, walmart,

target, lowe's, home depot, they are all doing very well. the brick and mortars are suffering. but that's even more reason why we need to keep the economy open so that small retailers can also survive. stuart: do you think this economy is in good shape in the sense that it is beginning to expand more rapidly coming out of the lockdown? are we in good shape economically going forward? >> i really do. i think we are in good shape going forward even if we do have a second wave or as testing increases, we have more and more outbreaks. if you look at fiscal policy right now, they are looking at another round of stimulus and whether or not you are in favor of that, we are incentivizing people to go back to work. there's a rumor that this back-to-work program will be coming out of congress soon. i believe senator rob portman is behind it saying that instead of giving people $600 per week checks, to help those that were unemployed, the 40 million people that have lost their jobs, let's get them back to

work because if the economy has reopened, the "wall street journal" reported about half of americans made more on unemployment, especially in the retail sector and restaurant industry. you don't want that. you want people to go back to work so you incentivize fiscally people to go back to work and we know we have a federal reserve that's doing whatever it takes, and even buying corporate bonds right now. i think we might even challenge new highs before the end of the year in the stock market, but there might be some consolidation over the next few weeks before we head higher. stuart: new highs by the end of the year. very interesting. thanks very much. the dow is at 26,100. heather zumarraga, thank you. look at twitter. this is news to me. you can now send voice tweets. tell me how, susan. susan: it's only available for a select number of users right now. only available on apple ios but in the future they say it will roll out to more users in the next few weeks. how does it work.

you get anottom there where you record second voice message. some have been curious about this new feature and some celebrities have been using it including cardi b. >> i just woke up. oh, my god, what is this? [ laughter ] susan: twitter has a record surge in users, over 40 million americans have been using the platform and this has spiked during the ongoing protests. people need their information on the go and also, some controversy surrounding president trump's minneapolis tweet which was actually shielded from the public. now, daily active users, we are looking at 145 million globally for twitter. far, far less than what facebook sees. facebook has about 1.73 billion.

this is going to obviously attract users like you on to the platform. right? stuart: yeah, sure. the sound quality from cardi b, i couldn't understand a word she was saying. susan: but you want to do an over/under on when president trump will send his first voice tweet? stuart: now you have really lost me. susan: you think he will do it this week, next month or when do you think we will get the first one? stuart: oh, okay. i think it will be within the next month. susan: okay. that's too conservative for me. i will say this weekend. stuart: okay. no bet. not allowed to gamble on television. there you go. susan, moving on. thank you. look at this headline from "variety." is it time for the dixie chicks to rethink their name? look who's here to react to that. kennedy. who is a former mtv veejay. the dixie chicks are well known as liberals. i think that's where they're coming from. seems like now the liberal mob is going after them. is that what's going on here?

>> yes. we are in the cultural reign of terror that now knows no party or ideology and if you get in their way, you will be consumed. my advice to the dixie chicks will be lay low, don't do something clumsy like change your name to lady a, which lady antebellum did. they didn't do an internet search to see if there was another artist with the same name and there was a phenomenal singer from the pacific northwest who espoused herself at lady a for a couple decades. now she's got to change her name. dixie chicks can't lay low because they have their first album in like 14 years coming out next month. in less than a month. it's called gaslighter. so they are throwing a little gaslight on the conflagration right now. they can't lay low, otherwise i would say just wait for the next news cycle. they will have to do something,

they will have to address it because they are woke, they are progressives and they went after president bush in 2003 very hard, saying they were embarrassed that he was from texas and they got a big backlash from their dixie loving fans. stuart: look, isn't this all about free speech? isn't that what this is all about? the cancel culture cancels you out if at some point in the past you did something or said something from way back when that is not approved of by the liberal mob as of right now? it's free speech. that's what this is all about, isn't it? >> yeah, and actually, howard stern i thought had a good defense for what he did in 1993 which by today's standards, is abhorrent and wouldn't stand, but you know, he said back then, we were trying to push the envelope and we were trying to make a point by being absolutely insane and it was a very different context. context does matter, but it

doesn't when you activate the mob. it's one thing to be overtly racist and try and shame someone out of bird watching in central park. it's another thing to go back decades and years into someone's broadcast or tweets and try and find something to pin them down as if it is codcoddified into l or part of the senate record. free speech sadly with this cultural reign of terror is one of the greatest casualties and we have to be very mindful that yes, we can adjust our compor comportment and evolve as individuals and a society but it's also okay to every once in awhile be offended without trying to run someone out of the human race. stuart: yeah. it's all, you know, sometimes one changes one's opinion. what you thought when you were 22 years old is not necessarily what you are going to think when you are 62 years old. you should be allowed the freedom to change your mind and

change your opinion and adjust your opinion. right now, we don't have that freedom. i'm out of time, kennedy, unfortunately. we will see you again real soon. thank you very much. all right. >> indeed. stuart: nevada seeing a sharp increase in virus cases. this comes two weeks after casinos reopened for business. we will check those casino stocks for you on that news. and we will take you to a cashless casino to see how they are reopening. that's coming up for you. look at those big tech stocks, mixed bag this morning. microsoft, apple, amazon up. facebook, alphabet, down. we are bringing you this because republican senator josh hawley thinks people should be able to sue those companies if they censor political speech. more on that right after the break. ♪ want to brain better?

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nowhere day so far on the markets. the dow is down 50, the s&p is down 2, the nasdaq up 17. not that much movement. i will show you the work from home stocks. they have been big winners during the lockdown and they are winning again today. microsoft, okta, slack, all of them on the upside in an otherwise fairly down market. how about zoom? interesting news there. they are now offering end-to-end encryption for all users, not just customers paying the premium price, certainly not. everybody gets it. end-to-end encryption. the stock is up two bucks at $239. that's on zoom. cities reopening, people are going back to work but a lot of people don't want to go back to work. what is this, lauren? they say they are afraid? tell me more. lauren: yep. half, half of workers say they are afraid to return to their offices despite the social distancing barriers that have been set up, the plexiglass.

still, more of us are going to be working from home most of the time and stuart, employers are taking note. in cities, office rents will go down as vacancies go way up. one report says that vacancies have risen 10.2% in just the first quarter. how are companies responding? they are starting to build offices in suburbs closer to where people are starting to relocate. stuart: that's a remarkable statistic. half the people surveyed are afraid to go back to work. that's extraordinary. thank you, lauren. look at the headline from the "wall street journal." here it is. the coming urban exodus. the author of that piece is dan henninger, "wall street journal" kind of guy. do you blame progressives for this, progressive city governments, are they to blame? >> oh, yeah. i think so. i mean, moving right along from lauren's report about people being afraid to work, i'm arguing that people are increasingly afraid to even live

in these cities because of the chaos and disorder and in fact, the main point there is that it is becoming clear to people living in places like new york, chicago, los angeles, washington, d.c., is that progressive democratic governance is simply incompetent. you may not agree with some of these progressive ideas but it is now obvious after the pandemic and especially the protests of the last three months that progressive mayors have no real answer to what is going on around them. so people are being asked to stay in these cities, raise their families in a state of constant stress, chaos and threat. i think they are going to start voting with their feet and moving out of a lot of these big american cities and the real estate prices around and francisco, say napa valley, westchester county in new york, are going through the roof now and a lot of it is being driven

by people deciding they can no longer stay in these large urban centers. they are too chaotic. stuart: does the strievirus and lockdown, does that affect this city exodus? because you try to bring people back to the office, you have to keep social distance. you might not be able to come back to the office at all. you might have to work from home. that's a factor, too, isn't it? >> it's a huge factor. i think the idea that people are afraid that they don't want to endure another lockdown by their nature, these cities are packed with human density and commuting, young people, young families are afraid of another significant health scare, and they were waiting it out. i think they were trying to see how that would move forward but then on top of that, we have had this extraordinary event of these urban protests and indeed, including the looting. i think it's a combination of

those two events that's causing a lot of people to rethink their commitment to places like los angeles, new york, chicago, washington, st. louis and boston. just anecdotally, you can hear a lot of people saying they have finally concluded the cost benefit of living in these expensive cities doesn't work for them anymore. they are moving out. stuart: yep. i've heard precisely the same thing. exactly the same. mr. henninger, thanks very much for being with us this thursday. always appreciate it. >> it's a tragedy. stuart: it is. it really is. these cities won't be the same again. got it. thanks, dan. see you soon. i've got some big movers to look at for you. first of all, lyft. that's not a big mover. not at all. lyft, however, does want to go all electric by 2030. not having an effect on the stock. it's down three cents. how about nikola? they have been surging since going public three weeks ago. they are an electric truck maker. the ceo has been on the show. they were at $70 a share but are still now at $64.92. they had a very nice surge.

they are competing with tesla. how about kroger? that stock reported profits, huge profits earlier today. but they say they are not sure how the rest of the year will look for them, because they don't know how the consumer is going to behave. the stock is down 6%. that's a huge drop there. credit cards. a new report says the wealthy accounted for most of the decreased spending during the pandemic. the wealthy spent a lot less. that's interesting. tell me more, lauren. lauren: yeah. it certainly is. harvard crunched the numbers and they found that half of the overall decrease in spending from january until last week, it came from rich households. it makes sense. if you are cutting spending, here you go 17%, you don't need your nanny, no expensive dinners out, no vacations and get this, who hurts the most from this? it's the small businesses in wealthy areas. a recent report says their revenue fell 70% during lockdown.

stuart: wow. that's a lot. all right. got you. thank you, lauren. the credit card companies are down. not much, but they are down this morning. casinos, as they say, are rolling the dice, opening back up again. all across the country. but your cash may not be useful in those casinos. next time you head to the betting floor, might be no cash. we will explain after this. ♪

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♪ stuart: all right. a little sinatra there for you as we look at a live shot of las vegas. i call that an aerial shot. visitors going back to the strip two weeks after the casinos opened. now, however, nevada is seeing a surge, an increase, shall we say, in new virus cases. 2,903 positive cases in the last two weeks. that's since june 4th, since they reopened the casinos. now, this is not having that much of an effect on the casino stocks. because people are still going to the casinos. they are down today but that's not a huge selloff.

still on casinos, kristina partsinevelos joins us from the foxwoods casino in connecticut. i want to hear about going cashless. how does that work? reporter: well, this would be something that a lot of casinos are looking at in the future. i did ask the president whether they were planning on going cashless at the moment. they said no, it still takes your five and ten dollar bills in the slot machines. i want you to see some of the differences this time around. look at this gaming area right over here. you can see everybody has their own separate divider, plexiglass, and if we pivot just across the way, to the slot machines, every second slot machine here is shut down so that you are not sitting too close. of course, you have to wear the mask even if you take a sip of alcohol, by the way, they are still serving that alcohol, you obviously of course need to tip the waitress, you do need to put the mask back up in between sips. if you are planning on entering the building because this is a large resort, there's four casinos, only three are open at the moment and one hotel.

there are thermal cameras as you walk in. you walk right in, i barely even noticed it. the guy said you're good because i didn't have a fever of over 100.4. if you don't, then you have to leave. if you want to stay at the hotel, they seal the hotel, they clean the entire spot, they have high touch points, they put stickers on it so you know it got an extra cleaning like the remote control, the door handle, the telephone. there's nothing really in the hotel room anymore in terms of tangible papers. there's no free pens, no menus. you have to download the app in order to check out the menu or call the front desk. this casino has been open for three weeks now so ahead of a lot of other casinos. reason being it's on sovereign land so they were able to go ahead with the reopening process and to focus just a little on the business angle, for them to pivot because they are only operating at 25% capacity, they are even focusing on launching a drive-in movie theater early july, just to offset some of the lost revenue. you can see, like you said, right, you were talking about

the casino stocks, it's business as usual over here and the gamblers were out through the night and back in the morning. stuart: looks like they are doing okay for 12 noon on a weekday. not bad at all. reporter: i know. stuart: more "varney" after this. ♪ y-yeah ♪ ♪ yeah . . employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us.

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♪ we meet again, don't know where, don't know when ♪

stuart: ah, that takes me back. to my childhood. that is vera lynn singing, "we'll meet again," a favorite among allied troops during world war ii. sad news, she passed. she was 103 years old. she was very much a part of my life. vera lynn, everyone, a great lady. my time is up, neil, but it is yours now. neil: thank you, my friend. 103. what a nice run there, thank you very much, stuart. we are following what is happening at corner of wall and broad. there seems to be confusion out of the empire state. we've been monitoring governor andrew cuomo what he says about the next phase of reopenings. he and the mayor seem opposite ends what opens up, what will be part of the next wave. seems the mayor may be in more after rush than he is.