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tv   Varney Company  FOX Business  June 19, 2020 9:00am-12:01pm EDT

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morning futures at 10:00 a.m. eastern. a very happy father's day to all the dads out there. we love you very much. that does it for us. "varney & company" is up right now. stuart, what say you, sir? stuart: i say good morning, dagen. i hope you have a wonderful weekend. i'm ready for it. all right. good morning, everyone. all right. now, look, this is juneteenth, the day when we and the nation commemorate the end of slavery in the united states. june 19th, 1865. some businesses will give their employees this day off. some will change the way they do business. some banks will close early. on the floor of the united states senate, republican senator john cornyn called for the day to be made into a national holiday. we will commemorate juneteenth throughout the program. senator amy klobuchar has dropped out of the contest to be joe biden's running mate. she wants a woman of color to be his vice president.
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full-on identity politics for the democrats. mr. biden now has a strong lead over the president. he's 12 points ahead in the latest fox news poll. however, look at this. there is a huge enthusiasm gap and it is in mr. trump's favor. 31% say they would vote for mr. biden because they are enthusiastic about him. double that number, 62%, said they were enthusiastic about president trump. his base is clearly staying with him, obviously, and that will be into play tomorrow at his the city. they have already started to line up outside the stadium. we will take you there in just a few minutes. and we will take you to wall street and you will like it. another rally this morning. look at this. the dow will be up over, what, 350 points, 1.3%. a similar gain for the s&p and a 1% gain for the nasdaq composite. 10,100 on the nasdaq. whoa. amazon roaring ahead again
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today. they are clear lockdown winners. jeff bezos is a clear lockdown winner as well. he's by far the richest person in the world. he's now worth $148 billion. "varney & company" is about to begin. businesses are on the road to recovery and they're doing really well. we have a lot of businesses that are doing really well. we're talking about a v shape. almost an i shape. i is straight up and down. i talk about v shape and a lot of people disagreed with me, not everybody, but a lot of very smart wall streeters were disagreeing. now they're much coming -- pretty much coming on board saying looks like it could be a v. so a v is the thing we were shooting for and it looks like that's what we've got. stuart: the president talking about a v, that's what we're shooting for, looks like that's what we've got. that's what the president says.
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the market clearly likes it. again, one more time, green across the board this morning. big-time gains for the dow, s&p, nasdaq. how about big tech? all of them straight up again. look at amazon go this morning, up another $31. overall, the nasdaq, that's the home of the tech stocks, that is on pace for a sixth winning streak in a row. look who's here this friday morning. the man with the energy, marc tepper himself. >> good morning, stu. stuart: good morning, sir. you have to have a really strong stomach to buy stocks at all-time highs, don't you? >> yeah, but so the old saying goes buy low, sell high. but that's hard. it's really tough to call the bottom. quite frankly, it can also be pretty dangerous as well because a lot of the stocks that are trading near lows, they are there for a reason. there's a lot of turbulence surrounding them. a lot of investors get spooked about buying stocks at or near all-time highs but believe it or not it's actually not a danger sign. you look at a lot -- you
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mentioned the nasdaq and tech stocks. look at a lot of these cloud stocks that have had magical runs like zoom, docusign. when you have both fundamentals and momentum on your side, that's when stocks perform the best. over the last hundred years, stocks hit all-time highs, up 32% over the next five years, so they don't crash. once they hit an all-time high there's a 99% chance they do it again within a year. so the odds are on your side. maybe the saying should be buy high and sell higher. stuart: you believe that this market just wants to go up at this stage, right, marc? >> overall. i would think that over the course of, you know, this, the rest of this month and july, consolidating is healthy. we go back to 2003, back to 2009, we look at those initial rallies off those major lows and we saw two to three months of consolidation. look, don't get completely frightened if we just kind of trade sideways for the next four weeks or so.
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it's okay. sometimes the market needs a breather. then i would expect it to resume its upward trend throughout the rest of the year. stuart: please stay right there. i'm going to get back to you very very shortly. quickly, check moderna. the ceo says his vaccine will be ready for distribution in 2021. not doing much for the stock. it is, after all, next year. meanwhile, we are indeed seeing sharp increases in virus cases in several states. california, arizona, florida, texas. ashley, start with california and give me the numbers, please. ashley: yeah. 4,084. los angeles county, stu, tends to be the place where we are seeing the biggest spike. let me talk about some of the other states as well. florida, 3,027 new cases. also arizona, 2,519 new cases. look, these are the states seeing the spikes. certainly those that opened the earliest are reporting those, which is not totally unexpected.
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we have seen the amount of testing increase but we have also seen the number of hospitalizations pick up, which is not related of course to testing. by the way, 84% of icu beds, that's the capacity now in arizona. just 16% left for those icu beds. what's more interesting i think is the conflicting messaging we are getting from the individual governors with regard to wearing a face mask. continues to be very uneven. for instance, the arizona governor has announced new policies about requiring residents to wear face masks, says that has to happen. governor ron desantis in florida says we're not rolling back, society has to function, no need to wear a face mask. you can if you want to. texas governor greg abbott signed an executive order that stops local authorities from legally enforcing the wearing of face masks and then we have governor gavin newsom in california who suddenly yesterday ordered all
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californians to wear face coverings while in public or high-risk settings. depending on where you live, depends on whether you need to wear a mask or not. clearly it's up to you whether you want to, if it makes you feel better, but very conflicting orders and ideas. i find that kind of, you know, it's been frustrating. stuart: well, the rules are all over the place, frak frankly. depends on where you live. the numbers, bring back mark tepper, those numbers in new cases and hospitalizations, why are you not at all concerned about those numbers? >> i think this whole covid flareup narrative is just way overblown. the numbers are showing a small bump higher in some of those early reopen states but overall hospitalizations are falling, overall we are testing more. it completely makes sense. if you think about it, states shut down their economies to preserve their medical facilities. we accomplished that. from my perspective, there's two things we need to pay attention to. the first is the reproduction
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rate. when it's less than 1, the virus will stop spreading. it has been flat to down in nearly every single state over the course of the last two weeks. about 75% of states have an r number that's already less than 1. ashley mentioned i believe florida and arizona. they have all seen their r numbers falling since the end of may. then when you look at hospitalizations, they continue to fall. they have been more than cut in half from mid-april. they continue to trend down. i'm not concerned right now. now, if the facts change, i certainly change my position but right now, i'm not worried because i'm looking at what's most important. stuart: neither is the market. straight up today. mark, thanks for joining us. see you again real soon. i'm going to continue with looking at some particular stocks that are in the news. how about tesla, up again today. looks like it's going to open above $1,000 a share. lauren, i think we've got news on texas trying to lure tesla with tax breaks, is that it? lauren: yeah. and a lot of them. by the way, $14 away from a
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record high. so tesla's fourth factory might be in texas right outside of austin. the state is dangling $68 million in property tax breaks over ten years for the company, plus a host of incentives including those for new hires. 5,000 workers would be employed and ground-breaking is expected next quarter. so in the third quarter. the texas factory, by the way, would make the cyber-truck but also the model y to take some of the stress off of california, but again, we are seeing potentially a california company going to texas as they dangle the incentives. stuart: why am i not surprised. lauren, thanks very much. we've got news on twitter and facebook. they are both platforms and they are both taking action on content posted by the president and his campaign. lauren, is it, or susan? who have we got? lauren? lauren: it's me. it's me. stuart: you start with twitter, please.
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lauren: this is actually the second time that twitter is calling out a presidential tweet. let me tell you what happened. they labeled the edited video as manipulated media. you will look at some of this. it shows two toddlers hugging and running away together. one child was black, the other white. it then added ominous music and a fake cnn headline that read "terrified toddler runs from racist baby." the video then shows what actually happened. it's not what you're looking at here. just them playing together, running together and the video reads "america is not the problem, fake news is." twitter says they had to slap that video with the label to give it proper context. so manipulated media after remember earlier this month, a pair of trump tweets got the fact-check labels. this is twitter going after president trump and facebook is, too. they have actually taken down a trump campaign ad. this is why. they say this. we have the statement.
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we removed these posts and ads for violating our policy against organized hate. our policy prohibits using a banned hate group signal to identify political prisoners without the context that condemns or discusses the symbol. what symbol are we talking about? an upside down triangle. similar to the one used by nazi g germany to mark political prisoners in concentration camps. that's the symbol. this is what the trump campaign has to say about that. the inverted triangle is a symbol used by antifa so it was included in an ad about antifa. we know that facebook still has an inverted red triangle emoji which looks exactly the same. so it's curious they would target only this ad, the image is also not included in the antidefamation league data base symbols of hate but it is ironic that it took a trump ad to force the media to implicitly concede that antifa is a hate group. so social media, twitter and
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facebook, facebook had been hands-off, standing up to president trump and he does not like it. stuart: i can see that. all right. what a story. that's complicated but it's an extraordinary story right before an election. lauren, thank you very much. back to the futures market because it's looking good. lot of green on that screen. up 350 for the dow industrials. president trump holding that big rally in tulsa, oklahoma tomorrow. as you can see, the people are lining up already. the enthusiasm is clearly there. so why is joe biden leading in the polls? we will ask the trump 2020 team that question in just a moment. you may not be able to enjoy live sports games but you can bring some of the action home with sports memoribilia. this business is absolutely booming during the lockdown. how much would you pay for a lebron james signed rookie card? right now, the estimate is $1 million. we will have it on this show today.
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we will also be joined by two big names from d.c., jim jordan and ken cuccinelli. stay with us. this is the friday edition of "varney & company." just getting started. gets, the clouds eventually clear, and better days follow, and we'll still be here, like always. for over 168 years, massmutual has been helping people weather storms, big and small. let us help you prepare a plan to protect your family, your loved ones, and your future. find a financial professional at massmutual.com [shouting] [clapping and shouting] [cymbals clanging] [knocking]
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stuart: look at this. the crowds have already gathered outside the stadium for tomorrow's big rally in tulsa. our own mark meredith is there. looks like enthusiasm to me, mark. reporter: you're right about that, although you may not see these people right here behind me right now. that's because they were cleared out overnight. tulsa putting in a curfew. police are setting up barricades all around the bok center. we see the police pretty much everywhere getting things ready for tomorrow night. there are still a lot of questions about what things will look like in a rally in the time of coronavirus. late thursday, the trump
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campaign says they got a letter from the arena saying they wanted more information about what things were going to be looking like for tomorrow night in terms of how they were going to handle the crowd and keep everybody safe. the trump campaign says they are taking those health concerns seriously and that they plan to do temperature checks, provide masks and hand sanitizer. we also got a statement from the campaign. they say this will be a trump rally which means a big boisterous exciting crowd. we don't recall the media sharing -- i'm sorry, shaming demonstrators about social distancing. in fact, the media were cheering them on. local health officials on the ground here in oklahoma say they are concerned about what can happen within the next 24 to 48 hours and they offered this direct warning earlier this week. >> anyone trying to attend a large scale gathering will face an increased risk of becoming infected with covid-19. also, i want to be clear. we support everyone's rights as americans to assemble. reporter: the campaign also
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putting out this disclaimer, saying you are acknowledging an inherent risk of exposure to covid-19 exists in any public place where people are present. by attending the rally, you and any guests voluntarily assume all risks related to exposure to covid-19. meaning supporters who show up here tomorrow night will not be able to stew tue the president, campaign or the venue if they are exposed. still a lot of concerns about what may happen between now and then. as i mentioned, the crowds not here right here behind me, they are a few blocks back as police set up the barricades and get ready for this rally, the first since early march. stuart: mark meredith, thanks very much. we will get back to you later. thank you. trump supporters as you saw lining up by the thousands but take a look at this poll. from fox news. joe biden widening his lead over the president. he's now 12 points up. he was just eight points up last month. erin perrine is with us, trump 2020 deputy communications director. you can't just dismiss these polls.
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joe biden has got a big big double digit lead there. what do you say about it? >> national polls are really not a strong indicator, especially when it comes to battleground states, and i would ask you how the national polls worked in 2016 and who the eventual winner was because the president of the united states is donald j. trump and if i was a democrat i would continue to be concerned about the lack of enthusiasm for joe biden and his candidacy. we have thousands of people already lined up excited to see president trump here in tulsa. joe biden has a huge enthusiasm gap issue, especially with latino and black americans. if i was national democrats, i would be paying a bit more attention to my own candidate. stuart: got that. now you are hearing there's a lot of people in the venue tomorrow night. that's guaranteed. it's indoors. the left is going to attack you for being reckless about people's health. what about that? >> we are taking safety precautions very seriously, as the president does and as the campaign. that means that we are doing
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temperature checks, we are providing masks and we are providing hand sanitizer to every rally goer. i don't see the media talking about whether or not there have been masks available at any of the protests across this country. there have not been temperature checks. we take this seriously. we are making sure our rally goers are as safe as people. we will have a packed raucous arena as president trump gets back on the road to win again in 2020. stuart: you just used the word packed. you are going to have a packed rally. you're not going to be keeping social distance in a packed rally, are you? >> we are going to be putting the health and safety first and we are putting safety precautions in place for rally goers. you see packed protests all across the country and the media not being breathless with outrage over whether or not those are socially distant. we are actually taking precautions that you don't see anywhere else to make this as safe a rally as possible and we are excited to be back on the road. stuart: we got it. very last one. your reaction to facebook pulling the trump campaign ad. >> facebook has a few questions
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to answer of their own on this. they actually had that red triangle as an emoji available on their website. we used it in an ad in context towards antifa who also uses that. we were talking about antifa and that's the context for this. that is a red triangle that is used on the stock market, it is used on apple emojis, it is used on facebook, it is used on twitter. we are glad to see the antidefamation league has stepped up to now say that antifa is a discriminatory organization and we here on the campaign know that that red triangle is a symbol we used in that ad and we want to know if facebook is going to take it down as well from their emojis and apple. stuart: thanks for joining us, erin. see you again later. okay. all right. i've got the latest for you out of portland, oregon and seattle as well. first of all, portland. protesters set a flag on fire. it covered a george washington statue and they set it on fire. there's the video.
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police quickly stamped out the autonomous zone that they tried to create in portland overnight, right outside the mayor's house. lasted for about an hour. then the police got rid of it. no zone in portland at this moment. in seattle, business after business boarded up in that chop zone and the chop continues. city and state officials taking no action against it. now listen to business owners. they have had enough of this. roll tape. >> this is what seattle looks like. this is what people don't see when they go up to chop. downtown has been decimated. all you see is plywood, particle board, stores opened up and there's no -- there's no chance that this town will soon come alive again. the mayor sends more particle boards and art supplies to the people up on chaz. i call it jenny's kids need stuff to do. that's what the craziness that's happening here. stuart: strong stuff there from a seattle small business owner.
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he's all but lost hope that the authorities can do anything about his tough business situation in that zone. all right. we are going to take a break. i will show you what's going to happen on the market first. we are going to take you to the opening bell on wall street. you will see that market go straight up. the dow will be up very close to 400 points. stay there, please. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn
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so you can... retire better. stuart: all right. two minutes to go and you're going to see a lot of green at the opening bell. premarket the dow will be up about 375, maybe 400. a couple of stocks to check. it's been all over the place recently, boeing. up this morning in a generally up market. i'm more interested in apple. looks like it's going to hit yet another record high. currently, premarket, it's at $356.93. i think that's real close to record territory, if not record territory itself. then we've got this from china. they held a big online holiday, 6-18, i think it's called. alibaba, jd.com did very well. lauren, tell me how well they did. lauren: $136.5 million in online sales for alibaba and jd.com,
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not just on june 18 lieutenath,s yesterday, but the entire period of june 1st to june 18th. it's like a shopping festival. if you compare that to singles day which is one day, it's more than double. why is this positive? because the chinese consumer after the coronavirus is coming back strong even if it's online. stuart: yes, they are. $138 billion? yeah. $136.5 billion in the 18 days from june to june 18th. that is spectacular. all right. we've got 45 seconds to go before that opening bell starts to ring. already, i see futures moving up a bit more. literally 60 seconds ago, futures showed a gain of 370. now it's 430 points. 1.6%. you're looking at a similar gain for the s&p and a pretty good gain for the nasdaq composite, up 1.28%. i've got a pretty good call that you are going to see some record
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highs for the big techs when this market opens. here you go. in about three seconds, the bell starts to ring. thank you. there you go. they ring it ten seconds before the start of trading. that means you've got about five seconds to go. you are going to see some green. this will be a really remarkable friday morning performance. yes, it is. right from the start, without all the dow 30 open, we are up 371, 337, 26,400 is the level. now all the dow 30 have opened and all of them are in the green. all of them are up. 1.25% up for the dow. the s&p 500, i'm sure it's a very similar story there. that indicator is also up over 1.1%. the nasdaq composite, i'm interested because i want to see what the techs are doing, that's up about 1%. 10,039. that's on the nasdaq right now. we just opened up. the airlines, quickly go through those. they are all over the place. on an up market day like this,
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all of them are up. as for the cruise lines, again, all over the place. in an up market, all of them are up today. now, here's what i want to see. big tech. it's been leading this market for years and it's leading it again. will you look now at microsoft? $198.55. that's an all-time high, pretty sure. it's an all-time high for amazon as well. $2375 a share. all-time high for apple at $355. they are powering ahead. facebook's up at $236. google at $1,438 per share. now, among the dow 30, which are the biggest winners? we have them on the screen. dow inc., chevron, exxon, boeing and american express. look at chevron, up there, exxon's up there. i believe oil hit $40 a barrel this morning. that's an indicator of future economic strength. up go the energy stocks. i do want to get back to amazon.
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this stock is now in record territory. what a run it's been, ash. take me through it. ashley: yeah, it really has. it closed last night at 2653, which we are already nearly 20 bucks higher now. the intraday high is $2772. that's the all-time intraday high. we are approaching that closely. but any gain today at the close will be another record close for amazon. it's been remarkable. quarter to date they are up 36%. the stock year to date, amazon is up 43%. clearly a winner of the pandemic lockdown, no doubt about that. you mentioned at the top of the show jeff bezos, founder and ceo, he has just over 11% of the stock so given this price right now, it's probably closer now to $150 billion. not bad. stuart: i'm laughing because that number, hard to get your arms around that for one individual person.
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$2676 on amazon as we speak. jetblue, lauren, i'm going to call this a positive sign. adding more routes for summer? lauren: yeah. i'm thinking where jeff bezos goes on vacation because jetblue is adding 30 new routes to possibly places people go on vacation. nantucket, martha's vineyard, puerto rico. they are actually taking aircraft that have been grounded, that have been out of service, and bringing them back in to meet demand. they are talking about more hthn half of their pre-pandemic capacity. stuart: i'm laughing because i'm just trying to imagine jeff bezos sitting in a jetblue seat when he's got a fleet of planes of his own. i digress. lauren: he will buy the airline. stuart: he could, too, several times over. i want to move to mcdonald's because extraordinary news there. they are hiring, they are on a massive hiring spree.
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give me the number on that, ash. ashley: yeah. 260,000 positions need to be filled. this of course as restaurants start to reopen. by this summer, that's the number they are shooting for. they also announced they are going to enact 50 new safety measures for these reopened restaurants. wellness and temperature checks, social distance iing, floor stickers, they will be everywhere within the restaurants and protective barriers at order points. there you go. taking safety very -- obviously very seriously but 260,000 jobs. it helps to get more people back in work which as we know, there are millions that are out there who are not working. stuart: it's a huge number. all right, ash, thanks very much. take a look at the big board. we are up over 300 points. i just want to point out that microsoft is now at $198.90. that makes that stock worth officially $1.5 trillion. i think that's the most valuable
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company in these here united states. another indicator for you, the ten-year treasury yield moving up. that's a pretty good sign for stocks. .72%. the price of gold, probably down. i'm not sure. it's up 11 bucks at $1742. you never know. show me bitcoin. haven't quoted that for a long time. still around $9,000 per coin. now, i want the price of oil, because that's important. yep, $40 a barrel. that's a significant idea that we are going to expand the economy quite rapidly. demand for gas, demand for oil on the upside. 40 bucks a barrel as we speak. this may be a positive story as well. amc theaters, they've got a plan to open their theaters again but lauren, i think the ceo's getting some backlash. why is that? lauren: he is. so he essentially said you do not have to wear a mask in one of the theaters when they reopen july 15th. if -- okay. so if this state or city where
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that theater is requires a mask, then you should wear a mask, but they are not going to require it. they will sell masks for $1. all their workers will wear a mask but you don't have to. that's what he said. a lot of people don't like it. the stock is up almost 8%. that's because the company says that 450 of their theaters will open july 15th so in time for the big blockbusters that are expected, "mulan" being one of them. they will start with 30% capacity and every other row will be blocked. stuart: it's going to be very interesting to see how many people will go to the movies when you don't necessarily have to wear a mask at an amc theater, how many will they actually pack in? i use that word advisedly. the stock up 7%. now, a positive test for the virus from a casino worker at bellagio in las vegas. that's important. what is bellagio doing about it, ash? ashley: this is not the casino, stu. we are talking about a
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restaurant that bellagio operates called the mayfair supper club. rather sniff-sniff, rather nice restaurant, but it is now closed because a kitchen worker tested positive for the virus so the restaurant is now closed. it will be thoroughly sanitized. no word on when the restaurant will reopen. by the way, they are now trying to do all that contact tracing, who may have come in contact with this person, and they will be notified. that kind of highlights the difficulty of all of this. it's very difficult to stop the virus from spreading. who knows where the worker may have come in contact with it but it has the impact of shutting down the restaurant entirely. by the way, bellagio is owned by the blackstone group which i didn't know but is run by mgm. the mayfair supper club closed for now. stuart: breaks my heart. all right, thanks, ash. thank you, everyone. going to look at the market overall this friday morning. that's a rally. 326 points higher, 1.25%.
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we are now above 26,400. we've got a big show for you. jim jordan joining us in our next hour. he's really fired up about censorship of conservatives on social media. plus amy klobuchar says she should not be joe biden's vice presidential running mate. it should be quote, a woman of color. tammy bruce on that at the top of the next hour. it's identity politics. what does tammy have to say about that. next, though, one of our top stock pickers, he's been right on amazon and wynn, among others. he now says spotify, that's the next one to own. they just signed kim kardashian to a podcast deal. wait until you hear how high this stock picker thinks spotify is going to go. he's next. hi, i'm bob harper,
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slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help. stuart: look, this is a positive day of trading. we are still up, but 250 points higher. by the way, the nasdaq is on
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track for another record close. green all over the place. got to see apple and microsoft. both of them hitting all-time highs. apple, $356. microsoft, $198. take another look at amazon. that, too, is on track for a record closing level, $2679 a share right now. i'm going to put on your screens cashless payment companies. these are digital payment platforms and they absolutely took off during the pandemic. give me the numbers, please, lauren. lauren: yeah. we're talking about squared cash app, paypal and venmo. they are now being used like banks are used. for instance, all these people getting their stimulus checks, they are direct depositing them into venmo, into paypal, into square cash app. that's a whole different platform for these companies which used to be used to pay your friends or something like that. now they are being used like
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banks. investors and analysts see a lot of opportunity there. there's one projection that says the digital wallet space by 2024 will have 220 million users. this is another source of competition for the banks. stuart: i've really got to get on board with this stuff, haven't i? i really really do. lauren: that's what i said when i read this. i don't use these services. stuart: i'm going to have to. that's the way it is. lauren, thank you. i will put five retailers up on the screen. our next guest picked all of them, this was way back before the pandemic, and all of them have done well. retail watcher kristin bentz is with us. you can take your victory lap. you did well with those five. our audience wants to know what you like going forward. i believe, start with ross stores, you like it. where's it going? >> well, here's the thing. with all of these retailers that will go bankrupt, we talked about that the last time i was with you, all of that inventory has to go somewhere.
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so with macy's, jc penney, j. crew, all these companies going under, that inventory will go to ross and tj. essentially they will become dumping grounds for all the large middle market retailers and those are stocks to watch that could be beneficial both to them and to the consumer. stuart: okay. so they will benefit from the difficulties of other bigger stores where they will unload those stuff to those two companies. okay. another one is etsy. you like that. where's it going? >> okay. this is another consumer play, with all of these folks that unfortunately have been laid off or at home, a lot of people are seeking an extra source of income. you are going to see a lot of thrifting. you will see a lot of up-cycling. that's a fancy term for what do i have in my closet that i can sell for profit or what can i make and put online and make a profit from. stuart: okay. you like ross, tjx and etsy. you did well with your previous five. i hope you do well with these three, because we will come back
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and check on it. how's that? >> i will be here. stuart: i know you will. thanks very much indeed. glad to see you again. come back soon. >> thanks so much for having me. stuart: now, this is a winner's block, basically. take a look at spotify. they have been real winners in the lockdown. our next guest thinks that stock can double, repeat, double in the next 18 months. gregg smith with evolution vc partners is the man who says it can double. make your case. that's a huge gain in 18 months, gregg. >> good morning, stuart. happy friday. look, i have been a bull on spotify and i think there's four reasons why the stock can double in the next 18 months. we are really only in the second inning of music streaming, and i think that we could see spotify become an addition to the fang index. it was more than 40 years ago bill gates told the world he wanted to put a computer in every home, on every desk and it really was until 2007 that steve jobs democratized that vision by giving the world the iphone and putting a computer in everybody's pocket. but today, if you look around
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the street, i think the real killer apps are the earbud products. if you walk around, you will see more and more people listening to music. i think greater purchase and greater use of the apple product is driving higher engagement, higher listening of spotify. the next would be podcasts. look at what's happening with podcasts. you have more and more people listening to podcasts. stuart: that's true. okay. wait a second. let me jump in here. do you think that spotify at $239 a share right now is a better investment than netflix at around, i think it's around $400 right now? >> look, i do. netflix has 183 million subscribers. spotify is touching 250 million subscribers around the world. given 130 million of those are what would be considered premium subscribers. again, i think there are so many things working in their favor. spotify, i think they are finally having an epiphany moment and people will finally
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realize their connection to people around the world. stuart: real fast, could you now call or at some point in the future, are you going to call spotify a new big tech? >> i will. i think, look, if they can jump the shark and in this case, not using it in the pejorative term, i think if they could ever get into video, look, they could become similar to the netflix. i think they would act more like park ranger than gate keeper like netflix does. i don't know about you but i tune into netflix, i can't really find anything to watch. i think spotify, they are really building an ecosystem for consumers. they really understand what consumers want to watch. they understand their cohorts and that's really going to help them with their ad buying. i really see connected cars, driving greater usage. i see airpods as well as potential video in the future. i really think -- stuart: so if you are not careful, you are going to be back real soon to see if spotify does indeed start to double in the next 18 months. gregg smith, good stuff. thanks for joining us, sir. see you again soon.
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next, i will deal with the triple crown, which kicks off tomorrow with the belmont stakes. it's the first race this year, not the last in the triple crown as it usually is. and it's happening without fans. we are going to get a first-hand look at what the return of live sports looks like after this. now is the time for a new bath from bath fitter.
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stuart: the rally holds. not quite as strong as we thought it was going to be. we will take a gain of 245 points, which is the best part of 1% to the upside. sports betting stocks, take a look at them. they have done very well, the pandemic has worked out for them. they are going to get some action this weekend, because it's the first leg of the triple crown tomorrow, the belmont stakes. usually that's the last race, but this year it's the first. the whole racing world has been shook up. the belmont stakes, kristina is waiting to go on the air here, let me tell them, the belmont stakes usually gets 100,000 people to watch. not this year. kristina, you are at the track. give me a preview of the race with no fans. reporter: right. not this year, no fans. it's completely empty except for a few of us that are hanging around. but this is an iconic event that's going to be happening here on this exact track.
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the horses are actually warming up right now. of course, this is live tv. they're not running by like i wanted them to. but let's talk about the breakdown, how everything is different this year with the triple crown. you've got the belmont stakes that is this saturday, then you have the kentucky derby that is postponed until september and then you have the preakness that will be in october. so a lot of changes for this. this comes at a time where you mentioned sports betting, really big deal and there hasn't been any -- well, 2020 has been out of whack for sports events, we know that, but now with this horse race, it's definitely going to be on the radar for a lot of online gamblers. the supreme court lifted the ban on sports betting back in 2018 and that's why 18 states have already gone ahead and legalized sports betting with many more states looking at improving and enacting that legislation. we know sports gaming, the industry is massive. we can also take a look at some of the stocks that have been trading quite positively since april, even penn national gaming announced that 70% of their operations are working right now
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so they are trying to get that recovery going. and there's even one stat from the american gaming association that says roughly almost 4 in 10 americans are either sports betters or potential sports betters. since we are talking about gambling, there's something else you can do that's a little bit different with the belmont stakes. you can own a little piece of the pie. that's max player. max player is a triple crown contender, has 50:1 odds. you can invest $100 and own a little piece of that horse. yes, it's a new thing that they're doing. it will be the first female trainer as well. potentially that could be soon, too. as you can see here, races are starting off. they are doing events at 1:15 p.m. it's empty, though. but we will be watching from maybe behind a tv screen or computer screen. this is what sports betters and fans alike want. back to you. stuart: good stuff. kristina, thank you very much indeed. all good. now, what have we got coming up for you? i'll tell you. we've got the my take on the
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state of play in this election. i say the president is running on the economy. joe biden is running on identity. the second hour of "varney" moments away. they line up by the thousands.
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but more to the point, we have a strong day for the nasdaq, also you more about that in a second period we have green across-the-board this friday morning. amazon, on track for another record high close, clearly a lockdown winner, powering ahead up another 23 bucks, 2677 right now. check the other big names, the big tech names, earlier apple and microsoft hit new all-time highs, there still up there, microsoft just topped 199 a moment ago backed off a little but still off to bucks. apple is up 355. how about that. now this amy klobuchar has dropped out of the contest to be joe biden's running mate, she thinks he should choose a woman of color, that means the democrats are still firmly attached to identity politics. race and gender will determine mr. biden's pick. he is making sure that a black woman is very well-positioned to
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eventually occupy the oval office, like hillary clinton, joe biden is making his appeal based on who is on the democrat ticket rather than what policies that ticket will pursue. at the moment, the polls show a winning strategy, even without giving a press conference in 11 weeks and making a series of guests. joe biden has a strong pulling lead. hold on, look at this. there is a vast enthusiasm gap, mr. trump's favor by the way, the newly released fox poll shows 31% vote for mr. biden for enthusiasm for the candidate. it is double that, 62% for the president. mr. trump has clearly satisfies his base, we will see that tomorrow when he holds his first big rally in months, the base will be out there in force, they are already lining up, he will fill the 18000 seat stadium in tosa and there will be at thousands outside too. joe biden cannot bring in the
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crowds, mr. trump can. mr. trump is running on his enthusiastic base in the strengthening economy. that's a powerful combination. mr. biden is running on identity and the less intent dislike of this president. this is not a forecast of who wins in november, it's nearly a statement of the current state of play in the election. by the way it reminds me of 2016 when hillary ran on who she was and donald trump ran on what he would do. 137 days to the election and tammy bruce is with us this morning. what do you think tammy, are the democrats repeating the mistake, the politics of 2016? >> it's what they're made of, and yes they are because this is what they represent. this is the other sad thing for them and americans in general. americans go out to vote for something, that is always the case, the democrats are relying on because of the enthusiasm that you mentioned, there
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relying on fear which is the other significant motivator for all of us. and yet it's the enthusiasm when you're dealing with politics about what's possible in our lives, the democrats are working very hard as we look at the news and what they cover and certainly what's going on in particular and blue cities, this is for their own base as well as trying to deal with independence is the idea will i very much like the domestic battery and situation, if you do what we say, all of this will stop, if you behave as we want, if you vote for us, if you let us take control, this pain will end, americans do not like that, i do not like that, women do not like that. we understand what's going on so you have the trump enthusiasm based which is based on what will happen in the future, what is going to be a good thing that will allow my future to look great, the democrats are relying on people voting on wanting to make the pain stop that the
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democrats and their allies seem to be implementing onto them. >> that's an interesting split but i want to refer you back to the fox news poll that shows 52% of women would vote for joe biden if they were have the vote today, 33% say they would vote for mr. trump if they had to vote today. i think the problem -- i think the president has a problem with when it entered women voters. >> they say that he has, we know he did well in 2016, this is something he's aware of and were all aware of and it comes down to the issue, it is the policy and healthcare, it is about crime and violence but it's also for all of us, the economy, women still handle the economy and the budget of their own single household, they know what's happened in the last three years and how all of their lives hurt their lives, her life, their husband lives, their children's lives and their friends lives got better. we know that's an issue but we know that polling in biden by
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hiding in his basement, what you do, we sell this with bernie sanders as well, they're not confronted on anything, people have not heard from joe biden on these issues, what he would do about the economy, any of that and he will try to avoid debates. mark my word, he will try to avoid debates. the president faces every day, americans see that in the economy as we see on your program and all through fox business is returning, the rally tomorrow is going to be remarkable, they tried to stop that because they know that is also an horrible for the left, they know the rally uplifts people and optimistic and that's what they have been trying to stop. stuart: what an interesting situation, if you want to be in the news profession, whatever you like, 2020 is your year. tammy bruce, thank you for being with us. see you soon. were holding onto the rally, we are up 200 points for the dow industrial, left on the screen
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the stock is up, anc, the movie theater people will reopen 450 theaters next month. plus getting a lot of backlash because the ceo is not going to require people going to the movies at amc theaters to wear a mask. the ceo says we did not want to be drawn into a political controversy, we thought it might be counterproductive if we forced mask wearing on those people who believe strongly that it is not necessarily. i want to bring on jonathan hoenig. but your libertarian, personal freedom kind of guy, what do you think about the backlash against amc because they won't make you wear a mask. >> they are right, it's not about politics, it's about principles, the principles and freedom, there should've never been the lockdowns for weeks and weeks countrywide. it's still a free country and that means when you have the freedom to make their own
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choices and accept the consequences about whatever risks that they want to take. the truth is i'm not a medical expert and we know everyone's risk is not equal in people who are older and have pre-existing conditions, i'm a juvenile diabetic so i have pre-existing conditions, people have to take whatever risks they're willing to take and the issue is his property right, this is a private establishment and its when their house, they set the rules, what you'll find, you're gonna see creative businesses try to adapt, maybe there is a market for mass streaming, and that require mask, these crated businesses will adapt and figure it out. all you need is a principle of freedom. that's what should've guided us from the get-go. and for me, just to make it easy, i wear two masks at home and i take one off when i go out and i feel like it's winter. you can be creative and find a
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way to figure it out. stuart: that's very interesting. a quick note for the viewers, that in the ceo of amc will be on with liz claman with fox business at 3:00 p.m. eastern. jonathan, i know you, as a guy who invested interesting vehicles and you brought to today. first of all you are telling us about customary, i'm not sure the pronunciation, it's a shipping company and you like it. shipping has not been doing very well recently. >> not at all. it's a difficult time in the market, there is a lot of cross current stuff. by the time that is coming back, still a lot of stimulus you don't want to run from the heels but you want to find the off the radar screen ideas that aren't found in the major indexes, the shipping industry has been completely decimated but as
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global trade picks up a little bit, what we see is the shipping rates start to pick up a little bit. we only want to do our own diligence but stocks like this, small cap stocks that have had in years, that's where i would put new money to work in this market. >> cmr e shipping, united states gasoline you ga, will watch it. jonathan thank you very much indeed.. stuart: doordash gearing up to go public, good time to do that, what's it going to be valued at? >> it is door delivery, $16 billion which is 4 billion more than last year. of course there arriving on the pandemic momentum that i feel is expected, so much competition is faced, postmates, grub hub and just eat take away, here's the issue, businesses popular but profitability is the?
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i think that's what investors will say if we get a doordash ipo. stuart: $16 billion is a great deal. thank you. they are getting ready for the big rally in tolson tomorrow. however, the state of oklahoma has just recorded hundreds of new righ virus cases, i want tow what they're going to do about this with the rally. we'll deal with that in the next hour as well. twitter has been caught limiting the visibility of several republicans post, it's called shadow banning. it's happened ohio congressman jim jordan before andy fired up about it. he's on the show later as well. many companies observing juneteenth today, it marks the emancipation of the slaves in the united states, should it become a federal holiday? why ask that question in deal with it next. 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.
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stuart: we got the market holding onto a gain of 200-point, we have green all across the board this morning and i have breaking news for you, comes from the federal reserve rosengrant, one of the federal reserve board governors. edward lawrence you know what he's going to say or what he has said, tell me. >> the federal reserve president making a very pessimistic speech right now on the economy, he says he's revising the economic forecast down, he said now he believes unemployment rate will be in double-digit by the end of the year, the dire prediction of gdp decreasing 6.5% is too optimistic, he said yes, the employment or on employment numbers did drop in may but they were artificially inflated by an air and he believes the economy may be opening up too quickly saying this, so far in the
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united states, efforts to contain the virus have not been particular successful, with more cases for other countries. the second wave in the spanish flu, the asian flu also h1n1 as a more severe for the economy, he's worried about that with covid-19. for all of these reasons, he says more fiscal and monetary policy stimulus is needed in one of the more hawkish members of the federal reserve, on the main street lending facility which his fed is running, he says there steady stream of interest with 200 banks signed up to give out those loans. stuart: thank you very much indeed. i want to point out, as we look at the market we are still up 200 points. eric is not a voting member of the federal reserve although he did issue the forecast, he has downgraded his economic forecast. he does not appear to have had any impact on the market. his remarks we cannot report
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them until 1015, we just heard what he has to say from edward lawrence, no impact on the market, were still up 200 points. how about carnival cruise line, we give them a lot of coverage recently. they lost $4.4 billion during the pandemic ashley, what are they going to do now. >> they need to raise cash, your bonds now, they say they can sell six ships to keep afloat, he to use that expression, i was trained to figure out how much is a cruise ship worth, apparently new anywhere from 500000000 - $1 billion. that will bring them into money they used, not new but nevertheless the burning through 250 million a month but not going anywhere, they hope to resume some operation in late summer and by the way their 21000 employees still tracked on their ships, can you believe
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that, they hope to have a more by the end of this month, over these employees are lounging around by the luxury suites but all cruises are suspended in mid march, they have been hammered with schoo they own brand such s piano and princess cruises in the pen applying, a lot of familiar names to sell the ships just to keep the money coming in before they begin their cruising speed when i cannot imagine who is going to buy cruise ship at a market like this one. >> they offered booking for later in the year or next or, 50% or more in the passenger said i want my cash back. stuart: the stock is up. thank you asked. today is juneteenth, the day we commemorate the end of slavery
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in the united states, june 19, 1865, let's bring in rob smith, the usa spokesperson, i will be a straightforward question, should juneteenth become a national holiday. >> i believe so in the words of the amazing senator tim scott who gave an impassioned speech earlier this week juneteenth is about freedom, dignity and the end of a terrible chapter in our nation's history, the reason why i believe it should be a national holiday is because i think we should recognize the original sin of slavery but also realize how far we have come, there is a move on the left to erase history, you see it when people are taking down confederate statues, you see it when people are afraid to say george washington in school and you see it when people are erasing imagery like aunt jemima off the pancakes. my question to that, i am against all of those things, what are we adding to the conversation when it comes to
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american history, i think making juneteenth a national holiday would add something to the conversation so we can get a holistic view of american history, i believe those confederate statues should stay up and we should recognize juneteenth is a national holiday, we have to start realizing the good and the bad in our country dealing with all and making sure that history does not get lost. stuart: i imagine when you say things like the confederate statues should stay up you get a lot of slack for that don't you? >> i get a lot of slack for that, i'll tell you what we have a problem with education in this country. i am the child of a very poor public school, there is so many things i did not learn until i became an adult and started reading and exposing myself to information i feel like there's a lack of education in this country.
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i believe that those statues should stay up so that we realize the historical context of what happened in some of the brutality that existed in these moments in american history, like i said what should be added to the statues, was he a statue of harriet tubman, alexia statue of these amazing black leaders that came across in that time of history as well. stuart: i want to throw this out you, the new fox poll says joe biden will get 86% of the african about, president trump only get 6%. what do you make of all of that. >> hit is unfortunate, i don't really believe the polling, the thing about joe biden, he is not an exciting candidate, he does not make anybody excited on the left and the reason you have seen over the past month that
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the left has basically weaponize black lives matter entered into a leftist political organization is because joe biden is doddering joe biden, he is not exciting, he is boring, he barely remembers where he is half of the time and this is not an exciting candidate for people. let me tell you on the biggest issue i believe affects african-americans, school choice, prison reform, things like that, he is wrong on all those issues. somebody who absolutely helped to write the 1994 crime bill and put so many african-americans in jail, for him to be seen as a valuable candidate by african-americans, when president trump fin signed the t act in law which is the first major step into making a better for african-americans in the criminal justice system, i think it's a bad move and i don't believe the polling. >> the other day you tweeted this, my best friend of 15 years just dump me because i criticize black lives matter.
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that really speaks to the toxicity if i can put it like that of politics today. you lost a good friend because of politics, that tells you something about the cancel culture. >> it does tell you something about cancel culture. as a rule on twitter, this is my best friend of 15 years and somebody i thought would be my friend forever. it's unfortunate when i shared social media, i read the stories of so many people and i'm talking thousands of people that said i lost lifelong friendships, family members, they had parents cut them off and it is really, really unfortunate and it speaks to the toxicity of this moment and i'll tell you we have to find a way as americans to come together to despite our political belief and stop letting politics divide us in this way. stuart: we have to be able to
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speak freely. >> you have to be able to speak freely and exercise your right of free speech on a totally equal basis, and like human beings and not be afraid to offend, not be afraid to be overly sensitive about the other person. we just have to talk to each other, what is wrong with that. >> there is nothing wrong with it at all, i'm an advocate for more speech and not less. we have to learn to talk to each other, the issue with the left and the issue with how they go about any sort of disagreement is its canceled, move on, that is it. it is toxic, we really have to move past that, i just found out personally and i write my book when i come up as a republican two years ago i lost a lot of acquaintances but this is the first true lifelong friend that i have lost because of politics in it really does hurt my heart. i don't want to see this happen to our country, i don't want
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people's friendships and relationships and marriages and relationships with family members to be ended over politics, we have to find a better way to speak to one another and i'm in a process of building something where i hope the people that follow me can come into the platform that i'm creating and have real conversations with each other. stuart: your book is called always a soldier, i believe it comes out next month and if you send me a free copy, i will be a reader of that book. >> i will absolutely do that. stuart: i'll read it anyway. you are all right we appreciate you being on the show. see you again soon, thank you very much. truck drivers calling for more gun rights because of all the protest and because of the pandemic. we will tell you exactly what they're asking for in a moment. nearly 60% of gen z and millennial's, people in their 30s as a point, they say they will vote for joe biden and a
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new fox poll. where is the president going wrong with that group, alaska millennial next. ♪ ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeah ♪ hey, hey and it's bigger than selling cars. we're here to build for the people who build and shape this country. who work hard. who do right by others. who never give in.
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there's always some new challenge trying to take us out. to shake our resolve. and if you're out there fighting through it, we know 260,000 people who have your back. and i recently had a heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams
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stuart: were playing that song because sunday is father's day, keeping our tradition, the data
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to been there for the members of the team who put the show together. first up justin and his daughter penelope. then and now by the way. stephanie and her father paul, welcome to the show. linda and her dad, right there. johnny with his brother tommy and his father bob. nice picture, good job. ben and his dad david. ash and his dad derek. what a spitting image, absolutely spitting image. good lord. we wish everybody a happy father's day this sunday. ash, you're up now, tell us how much you're expected to spend this father's day. >> the number from the national retail federation, an estimated $17 billion will be spent, that's a projection, i don't know how they figure that out
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but that's the number they came up with but 58% of those surveyed say they will get together with dad virtually, not in person but virtually. so still maintaining the social distance even on father's day, what are the top gifts, 25% of people said personal care items, nothing says i love you dad then a pair of nail clippers, 21% tools or appliances, always popular, 19% say automotive accessories. those of the top choices for dad. pretty standard i would say. stuart: by the way you look exactly like your dad and you know it. >> it is scary. stuart: thank you ash, check the market, we came back a little bit, up 176 points, that's about to thirds of 1%. green across the board. the latest fox news poll, he finds 57% of voters under 30 say
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their vote for biden if the election were held today, it's only 20% and that group who would vote for president trump, the campus reform editor and chief, there is a terrible number, what can the president do about it and the 137 days left in the election. >> i think the best right now is to improve the economy and get things back on track as much as possible. when it comes to young voters, the way they're pulling their opinion is what's going on now. many recovered and are not forming their opinion based on the issues and not necessarily going on websites look at a platform and not staying aboard watching your show every single morning getting the issue, they're saying what's going on in my life right now, many lives are in turmoil, they have been turned upside on their head, the underpayment record high, many moving back in with her parents and they don't think of that as a problem of coronavirus or the global pandemic, they think you can i blame, who's a scapegoat, president trump is the most visible person, that plays a big role right now, think believe
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there is a long time for the election and i don't know if the biden camp to get to excited and ultimately them to get the young people to turn up in the heart a group to turn up to vote. many i spoken to, were not excited about biden they said i'll go with vita but they don't know about him and many feel like the establishment of the democrat party picked him for them and that will not lend itself to a lot of voter enthusiasm which is critical if you will get these people to show up to the polls. stuart: i think it was winston churchill who said, if you are not a socialist by the age of 25, you have no heart. if you're still socialist after 25 you have no head. what do you think of that? that says all youngsters are liberal that's the way life is. >> there's a presser among young people to go along with the narrative is from pop culture and whatever the role is coming to them. socialism is compassion, that plays a big role in supporting the democrat party. i think you need to look at what
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motivates young people, it's usually social, it is overwhelmingly to support democrat and liberal colleges because if you're looking on the fence and saying which way do i want to go right now, you see what happens as, of republicans and trump supporters. they see what happened and they say i don't want to be ostracized socially, all go to the path of least resistance. and where they're getting their news, the majority of young people and pulling data in their political opinion most on social media and what they see and big tech and on tv, those are spaces dominated by the left and if they're only getting the information there then it may be a more biased civil candidate. stuart: you have a little more work to do in the next 337 days but things were being on the show today. let's get to the trump drivers and they want more gun rights because of concern about the protest in the pandemic two. michael is with us, the co-owner and vice president of j casey
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trucking, one of the biggest trucking companies in america. , i believe the issue here is that truck drivers cannot usually carry a gun across state lines, they have nothing to protect themselves with when they get to the far end of the delivery they want that right. is that where you're coming from? >> take you for having me on the show. yes what's happening when truck drivers have weapons, they're usually with the state that they live in illinois estate to carry, you can only cross into certain states, what's happening to truck driver, they are going to multiple states and multiple areas and delivering overnight and they would like to have the availability to keep their weapon legally even if they cross into a state that does not allow concealed weapons to protect themselves.
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stuart: that would require a big change in a lot of different states. but there's another issue here, we hear a lot of truck drivers like 77% don't want to deliver to cities where they defunded the police like los angeles for example or portland or seattle. is that a real threat, would they do that and say i am not going there, would they do that? >> roberti heard from other drivers asking questions if we will have to go into defunded states and if we will make them to deliver loads there. some drivers have early told me they will not go to defunded states. the police is a critical part protecting our drivers will be delivered to these places. when that goes away, my driver is on his own with his own protection. stuart: you understand where i'm coming from, truck drivers in large numbers said no, i'm not delivering to seattle, you have
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a trucker strike and a crisis. you don't really see it coming to that point deal? >> i really hope it does not come to that point. but if it would get really bad, those states are going to have some serious issues delivering with products and goods delivered to those places. stuart: mike, thank you for being with us this morning from jck trucking. it's an important issue and not going away. stuart: it is true to say the recovery is taking hold, were seen less fewer people fighting for an appointment benefits a week after week. and now some big names are announcing hiring freeze big time, will tell you where the jobs are. republican lawmakers fighting back against new cases of social media censorship of conservatives. ohio congressman jim jordan is fired up and joins me on that next.
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>> i think americans are sick of this. this is a direct attack on speech. i think americans are tired of the press going after certain people if you don't have the right position or say the right thing. for goodness sake if you now add the standing for the national anthem, somehow that's a bad thing. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed,
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stuart: social media platforms stopping labels on president trump another republican post. jim jordan is with us republican congressman from ohio. i know that you are shadow band at one stage, do we know the conservative opinion as being sensitive here, but what can you do about it? >> there has to be consequences. you are directly attacking free speech, here's the thing that gets me, why is it always conservatives, where is the liberals, it's always on the right, as you mentioned two years ago, for members of congress, nunes, jordan, two
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weeks ago the president put on the labels and the president centers the president in two days ago google tries to d monetizing cancel the federalist. you will continue to do this, there has to be consequence. this is a direct attack on the first amendment. were looking at all kinds whether the 230 issue, whatever it is, there has to be liability and consequences for these platforms who are systematically appearing to go after conservatives and only conservatives. just last night they went after the president on the video he put out, everyone knows and seen the video, everyone knows what he is doing, it's gotta be labeled in change. this is scary where were heading and it's important that congress to pup and execute the remedies. >> what do you think about the rally tomorrow and told to oklahoma, i know lighting up already, are you smiling or shaking your head? >> i'm going to be there, it is great to see the american people
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connect with this president, they know this president is doing what he said he would do, getting results and is fighting for them and what a contrast. we have a million people who want to come told tolson oklahoma post-coronavirus, first the million people signed up for this you want to come in joe biden still saying in the bases. that is a contrast right there, this president wants to go talk to the american people the people he's been fighting for versus joe biden, even terry mcauliffe said today they're better off keeping joe biden in the basin enter basement. that is shaping up for this fall and the american people who are so fed up with everything that they are seen in the politically correct cancel culture, you cannot even take your boys fish and and where the wrong teacher and you get in trouble. this is crazy. stuart: what about the polls? what you make of the polls. every single reputable poll puts joe biden ahead of donald trump
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and the latest fox poll puts biden 12 points ahead of the president. you can't just dismiss this. >> no, but i will say this, and 2016 that every reputable poll had hillary clinton ahead and she was what, 99 - 1 favored the day of the election and once the real pull happened on the election day, suddenly the numbers change and we know that president trump won. i think the same dynamic is in play. here's what i see across the midwest, i see last week and was flag day, american flags everywhere and guess what was beside them, truck 2020 flags, that's what i see because so many people may not tell a pollster what they think about so many people are voting and putting their flag out and they will vote the right way on election day, they're sick of what the left is up to on this country and sick of the whole idea in insane public policy proposal from the democrats saying defund the police, dismantle police department,
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they are sick of all of this and they want somebody who is fighting for the values and the things he told him he is going to do and that is president trump, that's why there's a million people that want to come to tulsa, oklahoma in the million of the summer this saturday. stuart: human to the 2016 election with hillary clinton. hillary clinton, she was running an identity politics campaign. and last night senator klobuchar pulled out of the vice presidential to be with joe biden on the grounds that she wanted and thought that joe biden should have a woman of color. that seems to me too be the replay of 2016. it's an idea politics all over again, the democrats are presenting people, who they are as opposed to th the president a ticket of what they can do. >> that just makes the democrat party, the party of politics.
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the clinton campaign was that way, the biden campaign to be that way because that's who they are, that untended the party of that group this group, instead of being a party of here's what we want to do, here's what we want to get accomplished, here's the party of freedom and here's the party that wants to do certain things, part of the coronavirus with the best economy ever, taxes were cut, the lewiston appointment 50 years, this president said he would get it out of the iran deal and he did it and he said he put the embassy in jerusalem and he did it, he said will get out the. still and he did it, he said he would take on china and he did it. that's what the american people appreciate, not what they're beholden to, that is a choice. do you want to party this is defund the police, group politics, raise your taxes, or do you want to be like president trump who is doing what he said he would do and cares about individual families and individual americans and let them chase their goals and dreams, that's a choice and i
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think the american people have common sense, they are smart and they'll do election day and per month just what they did four years ago and they will elect donald trump. stuart: can you give me 20 seconds on what the good people of the midwest think about what's going on on the west coast in seattle and portland. >> it is scary when you look at de blasio, the biggest city the mayor said he was going to cut the police department 1 billion, the super majority in the council of minneapolis said they not only gonna defund the place but abolished the police department and chaz forming in seattle and portland, this is scary stuff in our people -- they make and people understand our voters understand, they will not understand in the end. stuart: that was about 25 seconds but we will take it. that was good stuff. jim jordan everyone, ohio republican, will see you again real soon. check the market, we are still in rally mode but it's not as strong as it was, were up about .64%, 168 points. we could see a rebound for the housing market in key cities across the country. what do they all have in common.
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stuart: we are doing okay, the dow industrial up 174, we've been up 300 nearly 400, we come up a bit but will take what we got. the dow is at 26250. there are green shoots in the real estate market, lauren is here to tell us about the five cities which are leading the housing recovery. >> are all tech hubs, denver, boston, san francisco and believe it or not san diego and seattle. these cities were doing well when it came to technology before the pandemic and other leading the recovery out of it because of tech hub and with a stable salary comes the housing boom. also there among eight cities that are doing better now than they ever did in the month of january. a full recovery and then some. stuart: you're coming in and out
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of my isp thing. so i did not catch everything but i'm sure that was good. and i don't think i have a follow-up for you either. i still can't hear you by the way. mattress sales booming, i guess because people are spending more time at home, just lock will cover this one for must from illinois. are we going to see you lie down on a mattress in public? yes we are. >> you're never going to see me lie down on the job but the beauty rest, the tempur-pedic's, people spending more time at home in the mattress business was at a standstill now coming back big time in a locally owned business, family owned by vice president american mattress, what is happening out there. >> racine uptick in business, we had a lot of our stores close the last couple of months in the last couple weeks were seen a bigger take up.
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>> people want to live healthier and spending more on the mattresses you said, they're looking at high-end which is this beauty rest black, this is the cadillac or whatever cadillac is these days. >> these other products that people are signing up of the quality in terms of getting in and making sure that they're spending more time in bed. >> is the other thing i want to show people, you have taken steps, something called slumber shield, if i come in -- and you open it up for me, this is the thing to do hygienically, pull that out there. >> sanitize personal testing kit. we want to make sure they're feeling safe and comfortable when they come in our stores. we give this to the customer and their able to lay down on the mattress and feel safe and comfortable and make their purchase at a comfortable atmosphere. >> i'm going to throw back to
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you because i'm going to lay down but you will not see it. stuart: i knew that. we were waiting. we have to move on. you are all right. we have a big hour ahead for you, sports memorabilia sales huge in the lockdown, very high-profile items about to hit the auction block, we will show them to you in the next hour of this program today. we are starting to see through to the other side of the pandemic, i say there is no going back, life as we know it is going to look and feel different. the changes that i see, i will detail them for you coming up next and my take. president trump and other leaders lashing out against supreme court justice john roberts, after that doctor ruling, i'll ask acting deputy secretary, what happens now. enter will be back so you only pay for what you need.
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♪ stuart: ah, those were the days. break on through to the other side. i remember that song quite well. in a moment, you will find out why we are playing that. i can tell you this. the nasdaq is on pace for six-day winning streak. the nasdaq is up nicely this morning. we have a decent rally for the dow, up 142 as we speak. the nasdaq is up 83, the best part of almost 1%. it's a big day for reopenings from coast to coast. there are six states that are
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easing lockdown restrictions. i'm going to just pick out two of them. big names. ohio, casinos and amusement parks will reopen today. california, personal care services like nail salons can welcome customers again as of today. lots of changes, coast to coast. we are indeed opening up. now this. we are coming out of the lockdown. yes, we are. and we can see to the other side and it is going to look and feel differently. that's the other side. looks and feels different. it's early but already, you can see the changes that are coming. i will start with the workplace. a lot of us will want to keep working from home and many employers will be okay with that. no commuting, easy communication through video conferencing, some flexibility about when you work and even what you wear. it's good for work-at-home folks but bad for the cities. they will get less revenue from
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commuters and less revenue from the businesses that serve them. then we have travel. especially business travel. i just don't see executives jumping on flights like they used to. why spend the money and the time when technology gets you an instant meeting? have you seen zoom recently? in a few months, they have expanded to 300 million daily meeting participants. less travel is good for executives' family life and it's certainly saving a lot of money. it's really bad for the airlines and for hotels. how about shopping. during the lockdown we turned to the online guys, especially amazon. the virus clearly accelerated a trend that was already in place. it's not going to be completely reversed. far from it. think what a difference this is going to make to our daily lives, the way we shop. entertainment, here's another trend that was already in place during the lockdown. we took up streaming big-time. netflix leads the pack with a
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constant flow of new original content. they have been lapping it up, we have been lapping it up. that's another trend that's here to stay and another shift in lifestyle. there are just so many areas which show the beginnings of change. overall, like it or not, we are plunging into a technology-based economy and a technology-based lifestyle. it adds to a real shift for all of us. what would elizabeth macdonald think of this? she's the lady on the right-hand side of the screen. "evening edit" fame on fox business. liz, i have just gone through a list of what i see on the other side. i think most of these changes, i really welcome. i like them. i think we are going in the right direction. what do you say? liz: yeah, i agree with you. you know what's driving it, it feels like, you know, just watching this as you have over the past several months, it's a common sense majority of americans who are making the fixes. they are making the changes.
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they are doing it on their own. dr. fauci just recently said yesterday no more mass lockdowns needed, leave it up to the local leaders, leave it up to people to figure it out. stuart, it's sort of like people are figuring it out. that's what's driving the economy. i don't think people will be going to the gyms or movie theaters. i think those industries are in trouble. but i think you're right, i think that people are figuring it out, they are wearing masks, they are going out to do their shopping, going to the doctor, hiking and jogging and yeah, i think there's massive changes in different industries but they are adapting. some will go by the wayside but some are quickly adapting. that's what we're seeing happening right now. again, it's the common sense majority, the wisdom of the american people doing it. stuart: forgive me for personalizing this, but i like some of the changes which i see coming. and as i have outlined. do you like them? liz: yeah, i do like them. you know what's really cool that i'm watching this trend is that people are taking to road trips,
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right, so they are going to see the historical sites in this country. what does that mean? they are outfitting luxury suvs and campers and watch this, we are seeing technology step in to show you where the best rest stops are, because some of these states have horrific rest stops you don't really want to go near, and others have great rest stops, which have the best hotels for visits. americans are doing things like that. you saw kroger's internet online food shopping almost double recently. people are adapting, making the changes. they don't need top-down dictates and orders. you know what it feels like, it feels like you know the saying, you know, it's as plain as the nose on your face. you know, people sometimes need to hold up a mirror to see the nose on their face, right? i feel like this is what the pandemic did. you know, i feel like there was a shortage of common sense initially, but common sense is not in short, it's in great supply with what the american people are seeing in the economy. stuart: you got it. we will be watching tonight for "evening edit" on this network.
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thanks for joining us today. see you again real soon. let's get to that rally in tulsa. the crowds were already lining up. i think they have been lining up for a couple days, actually. mark meredith from fox news is with us. he is there. mark, the big issue is public safety, isn't it? what is the campaign doing to create a safe environment inside that closed arena? >> the campaign says they are going to be doing some of the sthajs you would same things you were doing if you want to go out to the airport. you were talking about the crowds. you see these people here? they are not there at the moment. that's because we saw a curfew imposed at the moment. secret service and the local police starting to push people out of this area, starting to put up barricades and get ready for what's coming up. with the coronavirus, we have seen all those people still showing up all week long, some bringing some of their camping gear, their tents, getting a chance to line up for the event
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itself. i'm sure they weren't thrilled having to move in the middle of the night. the campaign says when those people get into the bok center, they will get their temperatures check, the hand sanitizer and masks will be distributed, and campaign officials tell fox business those attending should really be making an individual decision. >> we have been telling folks that if you are in a high risk category or if your family members are in a high risk category, we would encourage you to skip this rally, maybe wait until one later down the road. if you want to come out, make that decision for yourself to come out to celebrate this president, celebrate america, that's your decision to make. reporter: city officials have been trying to hammer that point home that anybody that is showing up, you are putting yourself at risk for possible exposure to coronavirus. they are not trying to mince words on that. the tulsa police department also going a step further. we talked about the curfew. they are also now warning about what could happen in the next 24 to 48 hours. this is what the department tweeted out overnight. quote, this is an unprecedented event for the city of tulsa and
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has hundreds of moving parts. we are asking for everyone's help in making this a safe event for all citizens. now, the bok center here behind me is going to have 19,000 people for capacity. it's unclear what the final number will be that be allowed inside. outside we have seen a number of areas set up for possible overflow. stuart: it's a big crowd. case closed. thanks for joining us, mark. good stuff indeed. i want to show you something on your screen. look at it. here we go. 1700 new virus cases in oklahoma in the last week. that's a lot. let's bring in david mclean, chair of the oklahoma republican party. david, welcome to the program. big picture question, is this the right time and the right place for a rally? >> absolutely. our governor has positioned us to be the freest state in the union. we have done a very responsible reopening data-driven reopening.
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our state is open for business and our businesses are booming. stuart: why the spike in -- it's not a spike, why the increase in cases? >> well, that is an obvious expectation that the more people get out and get around, we had an expectation that there would be some increases. nonetheless, we are dealing with that. as of june 1st we had 23 people in the hospital with coronavirus as of june 1st. so our state is in great positi position. our governor has done a remarkable job positioning this state for reopening, positioning this state to be a beacon of liberty for the whole united states of america. stuart: i don't know what conditions are like in oklahoma. i have not been in a long time. a lot of our viewers want to know, are you completely back to normal? could you say that in oklahoma? >> well, i'm going to say we are on the road to normalcy.
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i'm not going to say things are completely back to normal. but we are in the right trajectory. we take personal responsibility very serious here in oklahoma. people are -- we have no restrictions on gathering, no restrictions on our businesses, but we do have people who are social distancing, wearing their masks, using hand sanitizer, self-quarantining when necessary, so with the guidelines the governor has put out and the guidelines the cities have implemented, i feel very safe being out in public right now. stuart: okay. david mclean, gop chair in oklahoma, thanks very much for joining us. good luck tonight, sir. we appreciate you being here. thank you. >> thank you. stuart: sure thing. stock check again. once again, we are at all-time high. watch for apple, right now it's at $354.66. that's either at or certainly very close to a record high. microsoft crossed $199 earlier. that would be a new intraday
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high. right now it's $198.30. still way up there. then there's amazon. flirting with all-time highs all morning, on pace for a record high close. the stock is up 30 bucks, $2684 a share. next, let's talk about jetblue adding new routes for their, what, summer schedule, i think, lauren? lauren: yeah. this is really good news, stuart. there are 30 new routes between july and october. we will scroll the list for you so you can see all the popular names and what do these names have in common? they are popular for leisure and taking vacations. some routes include what's called the mint service, that's the premium passenger experience with seats that lie flat, special meals, food, coming to an airplane, and cocktails? sign me up. stuart: okay. yeah. lauren: the prices are about five times more the cost but i think a lot of people would pay that right now. stuart: wait a minute. did you say five times the cost of say an economy seat?
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lauren: yes, i just did a quick search from newark to los angeles and it was about $139 for a regular seat and about $599 or $699 depending on the level of mint service you got. stuart: you would pay it. i'm with you. i'm with you. thanks, lauren. good stuff. staying on travel. the tsa, the security people at the airports, they saw its busiest week since march. have you got that number for me, lauren? lauren: yeah. this is why the airlines are adding those routes. 576,514 people went through tsa checkpoints yesterday. that was the most since march 20th. if you look at the number on the right side of that screen, yeah, we are still a long way off from where we were last year at 2.7 million. stuart: i remember in march, we were down to 80,000 going through tsa in one day. now it's a half million plus. that is a significant improvement. all right. let me talk jobs, please. coming up on your screen, the trend in unemployment, down every week for 11 weeks.
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that's the number of new claims for jobless benefits. ashley, some companies are going -- however, the other direction, some companies are going on a huge summer hiring spree, aren't they? ashley: they are, because the restaurants are starting to reopen slowly in some places, faster in others. let's take a look at subway, for instance. 50,000 workers will be hired by subway franchises heading into the summer. by the way, i didn't know subway was the largest u.s. restaurant chain by number of locations. also, we talked about this earlier in the show, mcdonald's going on a hiring rampage. they will be hiring some 260,000 workers heading into the summer. they say they will put a lot of safety measures in place but they need workers. 260,000. by the way, talking about mcdonald's on the menu, they are still going to have a streamlined menu. no salads, no bagels, no yogurt parfait, i'm afraid.
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but you can still get soft serve, look at this, there they go, forget those. you can still get your bacon mcdouble, soft serve vanilla ice cream cones. by the way, the simplified menu is actually gotten high prays becau praise because you can get through the drive-through faster and customers say the food was better and the orders were more accurate. the less choices you get, apparently the better the service. stuart: isn't that what you want? you go to a fast food restaurant for fast food. you want fast service. you don't want to sit around for hours. okay. i'm there. thanks, ash. with baseball and basketball seasons on hold, sports fans have been counting on fall football. one of the nation's top doctors say it might not happen. more on that in a moment. new fox poll shows 61% of voters disapprove of how the president's handling race relations. in the midst of protests, can he take any steps to change people's minds? we will discuss it.
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controversy as the supreme court blocks the president from ending daca. now congress needs to find a permanent solution. roll tape, please. >> i love this country with all my heart, and i would die for this country. all i want is for the president along with congress to give me an opportunity to continue to serve my community and continue to pay my taxes. stuart: dreamer right there for you. acting deputy secretary of homeland security ken cuccinelli is fired up about this ruling. he's going to join us next. ♪ you say that customers make their own rules.
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it's not supposed to be a game. but sadly, over recent years, more and more chief justice roberts has been playing games. this decision today was lawless, it was gamesmanship and it was contrary to the judicial oath that each of the nine justices has taken. stuart: that is pretty strong stuff from senator cruz. really taking chief justice john roberts to task over the daca decision. joining us, ken cuccinelli, acting deputy homeland security secretary. sir, give me the bigger picture here. what are the wider consequences of that ruling? >> well, the wider consequences, i would agree with senator cruz's remarks, are that it encourages congress to abandon its duty again in the future and to encourage other future
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presidents to use their pen and a phone to try to rewrite laws. president trump said he wouldn't do that, that he's going to act within the boundaries of the law but if the supreme court is going to kick those boundaries out beyond anything the founders ever envisioned, then you're going to move more and more power into the executive branch and that's a mistake. it's a mistake. i will remind you, stuart, almost two years ago in front of the last election, it was chuck schumer and nancy pelosi who walked away from discussions on the daca subject. they abandoned those folks and the president was still at the table and wanted to keep working through to solve the problem legally by legislation, and they abandoned him because they believed there was political advantage to be gained by playing politics with these folks in the daca program. stuart: apart from the legal and constitutional principle involved here, the practical -- absolutely of primary importance, yes, sir, primary importance, no question about
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it -- but the practical result is these, what is it, 600,000 dreamers get to stay longer. i put it to you, sir, that a lot of americans do not object. they have been here since they were children, they were brought here by their parents trn, it's their fault they are illegally here. a lot of people want them to stay. >> well, stuart, the fact they are here illegally and the president was willing to discuss some resolution to this, but his political opponents were more interested in trying to -- hoping that the president would fail on this because of just polling, like you said, rather than solving the problem. they are using these people. the president said very clearly yesterday and right off the bat this wasn't a loss, this was a delay. you saw this morning he gave us the instruction at the department of homeland security, redo the guidelines to wind down daca and that is intended and it will have the practical effect of forcing this back into
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congress's hands, where it always belonged in the first place. stuart: fair point. now, one more thing. we are seeing reports right now that the trump administration is considering an executive order to suspend certain work visas. can you tell us anything more about that? >> well, i really can't, stuart. i would point back to the proclamation the president made on april 22nd where he suspended incoming green cards to preserve those work slots for americans. you just reported on the weekly unemployment claims and they are still high. we reached a trump economy in february 3.5% unemployment. black unemployment has been below 8% for more time under president trump than the rest of your life and my life combined for the entire rest of our lives. so that's what he wants to get back to. he's looking at all his options. we at the department of homeland security have been advising him on all the opportunities that he
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can use his executive authority to hold back on some of the incoming immigration that relates to keeping jobs open for americans and we'll see what the president decides as to how to proceed there. stuart: sir, i just want to show you and our audience a brief clip from "fox & friends" this morning. they had a daca recipient on their show. here's how he reacted to the daca decision. roll tape, please. >> the president has supported the daca community. if anything, he's stepping up to the plate and forcing congress to do its job. i love this country with all my heart and i would die for this country and all i want is for the president along with congress to give me an opportunity to continue to serve my community, continue to pay my taxes, to continue to be with my wife, with my family. all i want to do is just give back to this country that i love so much and has given me endless
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opportunities. stuart: he's saying exactly, in a very articulate fashion, precisely what you've said, sir. >> yeah, you know, this is about people. we talk about a program. it's about people. for a decade, the left has been playing politics with these people's lives. it is the president who -- president trump who is willing to try to solve this problem and it was chuck schumer and nancy pelosi who walked away because they thought they would get an advantage in the 2018 elections. people should remember that as we now move out of a court case, are they going to come back to the table. the president never left the table. as your interviewee said, he was always willing to talk and to negotiate and to try to solve this problem legally. no pen and a phone within the boundaries of the law and the constitution. that's president trump's approach to this. it differs entirely from president obama and chuck schumer and nancy pelosi. stuart: ken cuccinelli, thanks
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very much for coming on this morning. >> always a pleasure. good to be with you. stuart: sure thing. back to the market. we will check a couple of stocks for you. first off, tesla. they reportedly just bought what, $5 million worth of land to build a new factory and they want a huge tax break to build that factory. how much of a tax break do they want and where is it? we know and we will tell you. take a look at this. people lining up in oklahoma overnight hoping to snag a spot at the president's big rally tomorrow night. that's enthusiasm for you. there's real enthusiasm for this president and his campaign. we will tell you all about the enthusiasm gap in a moment. ♪ we're here for a reason.
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and it's bigger than selling cars. we're here to build for the people who build and shape this country. who work hard. who do right by others. who never give in. there's always some new challenge trying to take us out. to shake our resolve. and if you're out there fighting through it, we know 260,000 people who have your back.
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-- it is important for the black community to look at their principles and their values and they have to look at the history of the democrat party. i think of what the left is trying to do is insert this issue about racism because they know that the president has done very well in the black community, especially, and they want to try to undermine his success. stuart: alan west there on our show earlier in the week talking about the president's success within the black community.
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paris denard is back with us, co-chairman of black voices for trump. paris, you got a big smile on your face but you have to address the polls because the president is not doing well with african-americans. i'm sure you have seen the fox poll, 85% of african americans would vote for biden, 6% for president trump. not good. >> i'm smiling because this is juneteenth. this is the opportunity for us to celebrate what the republican party and abraham lincoln did over 155 years ago with the emancipation proclamation, moving it, getting word to galveston, texas. at the end of the day president trump will do well with the black community because he has a record of results. that's what the campaign is for. we are campaigning every day. i'm at the republican national committee now under the chairmanship of ronna mcdaniel and we are engaging every single day with the black community, getting word to them in different ways so that they understand the difference between what joe biden failed to do for 44 years in his public
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life and what president trump has done in just three and a half years of record success for hbcu, school choice, opportunity zones as well as what the president has done for criminal justice reform. the list literally goes on and on. i'm excited about the opportunity that we have. stuart: let's talk about juneteenth. june 19th, 1865, we commemorate the end of slavery. that's the anniversary we are commemorating here. would you like to see june 19th become a national holiday? >> look, i think that's something that would be a great thing to do, because it's part of the american history, it's something that we should fully understand and appreciate and celebrate. i know that because of president tru trump's recent talking about juneteenth and the rally that's going to happen tomorrow, there's been more attention to juneteenth. i think the more that we can learn about these great events in american history that are part of black history and part
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of the republican party, we should find ways to celebrate them and honor them. this is a great opportunity for the american people to have a celebration on a federal national level because it's a part of our history. it's the second independence day. stuart: isn't it a good opportunity for a history lesson? figure out what happened, when it happened? it's a conversation that we should be having. i'm happy to have it. >> yes, and i'm glad to be here today. another conversation we should be having is about the black wall street that happened in tulsa, and there was a horrible massacre that happened 99 years ago to the day and president trump going to tulsa near that site to talk about the promise and to highlight the promise of what building black american communities can look like. 99 years ago, there was unprecedented wealth in that black community, because the government got out of the way and they were able to prosper and grow. that's exactly the agenda the president has today. so he's going to this rally to highlight that as well but also, we can talk about juneteenth because we have a lot to
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celebrate as a nation. the mainstream media likes to focus on the negative. we can also focus on the positive. the massacre was horrible that happened 99 years ago this month. but also, the promise is something we should focus on. how did these black americans attribute and get so much wealth in businesses? because the government was off their back and they were able to achieve. that's what the president wants to do even today. stuart: very good points. paris denard, please, don't be such a stranger to the show. it's months since you have been with us. months, months and months. come on. okay? you will be back. >> any time, i'll be here, my friend. stuart: see you soon. thanks for joining us. see you later. better get back and check those markets. we are still in rally mode but only just. we are up 130 points for the dow, 26,200. how about twitter? they labeled a tweet from president trump as manipulated. posting a video mocking cnn. the stock is actually up this morning 1%. how about facebook? they are under fire for removing
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a trump campaign ad about far left groups. they say they used a symbol that violates their anti-hate speech rules. well, facebook is up $3.50 to $239 right now. tesla. in talks to build a factory in austin, texas. now we know where it's going to be. but lauren, you tell us what kind of tax break they are going to get for going to austin, texas. lauren: well, they are asking for $68 million in tax breaks from austin if they bring their electric pickup truck factory to that city. so with the deal, tesla would pay, this is over ten years, $10.5 million in taxes. without it, $78.5 million. that's why this incentive is a big draw. now, tesla is valued at $186 billion. it's a lot of money. they would create 5,000 jobs in austin, near austin, and they would pay on average about $75,000 a year. however, according to texas law,
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it's the school district that has to grant the property tax breaks when it comes to economic development projects. we don't know how they will rule just yet, but it looks like tesla might be getting this major break that they want to break ground in the third quarter near austin. stuart: okay. tesla is worth what did you say, $1 ia $189 billion? lauren: 186. stuart: more than ford and general motors combined, i think. not sure about that. but it is. it's way up there. thanks, lauren. we will stay on the car market. which cities, tell me, please, ashley, where i can buy the cheapest car? are we talking about used cars here? ashley: used car. we are talking about used cars. because as you know, with the industry basically shut down for three to four months now, there are some good deals out there. where can you go for the best deal? let's bring up what we call the full screen, shall we. number one, miami, florida. followed by orlando, florida. florida coming out of this well. salt lake city, dallas, minneapolis. by the way, prices are down an
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average of 6.5% in miami, 5.8% in orlando. in miami, some of the best savings are bmw 3 series down 14%, dodge chargers down an average of 15%. by the way, nationwide, vehicle prices for used cars down about 3.6%. not a massive amount. it really does vary by city, by region and by model of vehicle. but if you are in the market, there are some good deals out there. as always, do your homework. stuart: used cars are where it's at. there's a big market these days. it's on fire, that used car market. all right. closed down bars and restaurants did not stop us from drinking. up 26% since march. people are drinking more affordable american-made alcohol. more on that coming up for you. another lockdown winner. how about this. michael jordan and his last dance documentary.
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six million people tuned into it. now you could get in on the excitement and you could own a little piece of history. we will tell you how you do that next. ♪ ♪ ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeah ♪ hey, hey 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
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and i recently had a heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication,
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astrazeneca may be able to help.
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stuart: we are holding on to a small rally. we were up 400 at the opening bell. now wire' e're up just 100 but take it. how about moderna? their ceo says its coronavirus vaccine will be ready for distribution in 2021. that's kind of pushing out the time frame there. the stock is down a half percent. florida, they are reporting almost 4,000 new virus cases. that is a record single day increase. got that for you. staying on the virus. ashley, oh, wait a minute. i'm reading the script here. it says the virus is threatening
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football. tell me it ain't so. ashley: well, dr. anthony fauci, the preeminent infectious disease expert, says whoa, hang on, you know the nfl teams expected to report to camp later at the end of next month, and they are still hoping to get this season under way in september, but let me just tell you what dr. fauci said. he said this. he said unless players are essentially in a bubble, insulated from the community and they are tested nearly every day, it would be very hard to see how football is able to be played this fall. he goes on. if there is a second wave, which is certainly a possibility, and which would be complicated by the predictable flu season, football may not happen this year. you know, it's interesting he used this word bubble because the nba has gone a whole other way. all the teams gathering in disney, essentially in their own bubble where they will play against each other down on this one area of disney world in the sports area, where they can have
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two games going on at the same time. nfl hopes to have games, you know, as many teams as possible play in their home stadiums. they may be empty as long as the local authorities allow that. but dr. fauci throwing a little bit of cold water potentially on the season getting under way as planned. stuart: lot of people shaking their heads because they do not want to hear that. that's a fact. thanks, ash. sports, well, at the moment they are on pause. however, that will not stop you from buying a piece of history. i've got to tell you, the sports memoribilia business has been absolutely booming during the lockdown. guess who's here? ken goldin from goldin auctions. he's the guy, he always brings us items from the sporting world but he's going to have a football auction and i will tell you now, he has some extraordinary stuff with him today. all right. here we go, ken. i will start with lebron james' signed rookie card. you got that. show us, please. >> so this is the signed rookie
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card. it's limited to 23 only. this is the highest possible grade, it's signed, it has a piece of his worn rookie jersey. i know this is going to be tough for you to swallow but the expectation on this card is over $1 million. which would break the record for any modern card which was another lebron james card we sold at $900,000. stuart: i have no problem with a million dollars. i just love to see you taking a big chunk of money. next one, michael's jersey, the game-worn playoff jersey. tell me more about that. >> sure. everyone saw the documentary "the last dance." he said in that documentary the toughest series of his life, we saw him play against reggie miller and the pacers, was the seven-game series against indiana. this is the jersey from that stee series. this is the front, this is the back. this is photo-matched to that
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series. it comes with a letter from the bulls. it was worn in game three and game four of his final conference series against indiana. our expectation on that is $400,000 plus. it would not surprise me if it went for significantly more. stuart: you are hoping, i can tell. i don't blame you. i do not blame you. okay. kobe bryant's championship ring. you got that? >> this is his championship ring from the 2000 nba, his first championship with the lakers. this is made to his specificatio specifications. it's an actual player ring. he gave the championship ring to his father, joe bryant, and we have that ring. all of this and the other items i will show you are all on preview at goldin auctions.com. the auction starts on monday, preview's open now, and it closes the 18th. that ring, we expect to go for $250,000 plus. again, it wouldn't shock me if it went for half a million
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dollars or more. stuart: good lord. we're not done. stay right there. >> no, we're not. stuart: the mike trout rookie card. i don't know whether or not it's signed. the mike trout rookie card. how much? >> this card we expect to go for $400,000. we sold -- wait, we sold a similar card of his at auction three weeks ago for $922,000. that card was limited to five. this card is limited to 25. but you see psa10, this is the only card that exists in that perfect grade, only one out of all 25 exists in that grade. stuart: i'm getting a lesson in sports here. that's a fact. last one that you've got with you. mickey mantle's signed rookie card. >> this is interesting about the market. people would say wow, 1952topps mickey mantle rookie. we expect this to go for about $150,000 at auction. we expect the trout card and lebron card to go for significantly more than the
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mantle which is part of the dynamic of today's market. stuart: our viewers always like it when you appear on this show and show us what you've got at auction and it's goldin auctions.com. is that right? >> yes. correct. goldin auctions with an "i," g-o-l-d-i-n auctions.com. the preview is open right now. you can see all the great items we have. we have a full michael jordan auction going on, over 300 auctions, over 100 kobe bryant auctions, starts this monday online. stuart: you have done very well recently. that's a fact. we wish you well. thanks for bringing your stuff with you today so we can see what we're getting. ken goldin, everyone. he's all right. thank you. >> thank you for having us. stuart: sure thing. now then, on your screens, we are going to call them alcohol stocks. why we putting them up? because today is national martini day. roll the inevitable tape. >> just a drink. a martini, shaken not stirred. stuart: when i first came to america and still, that's what
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people want me to say with my british action sencent. but if you're not fancy like james bond, you can grab a beer with grady trimble. he's at a brewery that's wrapping up production by 300%. we will join him after this. ♪ save hundreds on your wireless bill
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♪ stuart: trying to place that music. i know it. i know it. papa's got a brand new something or other. all right. sunday's father's day. today we are honoring the dads of the "varney" team. i will start off with kristine and her dad robert and her daughter annalise. that's a fine picture. next one, here we have kate and her dad, jim. i believe that that is his race car. all right. glad you brought that along for us. next one is brian. with his grandpa bob and grandmother and uncle freddy. there you have them. we know them all. here's joanna with her late grandpa at their family farm in portugal.
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now, next one is daniellea and her father, mike. that's a nice shot for you. here is jen with who she describes as her awesome dad dave. from all of us here at "varney & company," we wish all the dads out there a very happy father's day. it's on sunday. all right. the pandemic as you know, it shut down restaurants and bars but that did not stop people from drinking. retail alcohol sales up 26% since march. that is what we call a major leagues rebound. grady trimble joins us live at the solemn oath brewery. good name. good name indeed. you know, look, it's only 1154 eastern. you can't have a drink yet, grady. reporter: well, stuart, i was going to say in terms of all the bars and restaurants closing, if there's a will, there's a way. people found a way to drink during the quarantine, with spirits and wines leading the charge, but the big surprise is budget beer sales.
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brands like miller light and bud light, they have been struggling recently but people bought them and they bought a lot of them. 12, 24 and even 30 packs. sales are soaring right now because you can buy it for cheap and you can buy a lot of it. but the huge growth category that has been no surprise to anybody who is following the industry is hard seltzer. here at solemn oath brewery, they are canning craft beer right now but they also came out last year with a hard seltzer and sales of that hard seltzer have been huge, to the point that they have actually had to ramp up production by 300% of what they were expecting to be producing. this is their city water seltzer right here. sales of this have been huge and it's helping them make up for the lack of sales at bars and restaurants. so what do you think, stu? you thirsty? it is friday. your show's almost over. stuart: that's true. i'm just intrigued at the name. city water? that's the name of a hard seltzer?
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city water? good lord. just out of interest, if you've got the time here, what's the alcohol content of city water hard seltzer? do we know? reporter: yeah. it's about 5%. it's low in sugar and calories too, which is another reason that it's popular. stuart: thanks very much, grady. enjoy yourself, lad. more "varney" after this. disconnect between...ere e ...what's going on in corporate america and what investors are believing is going on in corporate america. the message to you: don't trade because you think you're gonna to get rich quick. because you...
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stuart: moments ago president trump responding to dr. fauci's comments about counseling
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football just a few moments ago, here's the tweet, tony felty has nothing to do with nfl football, they are planning a safe and controlled opening, however, they don't stand for the national anthem and our great american flag, i will not be watching. my time is up, neil i want you to have a great father's day weekend. neil: you to my friend, thank you very much. i hope it's that way for dr. fauci because i hear the tiktok on his career, we will follow that and follow everything else going on with the back-and-forth on washington and the controversy withstanding the follow-up. the good news right now is the reopening of the economy right now, never mind the spiking cases that health officials still say is relatively contained, a little more severe in some states than others, texas for example, arizona lately coming to mind. but by and large, they are not disrupti

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