we have not had significant movement in stock prices. dow down, s&p down, nasdaq up. huge losses yesterday. no recouping so far today. all right. that's it. my time is up but neil is waiting to take it away. neil, it's yours. neil: thank you very much, stuart, we'll follow up on the markets and what is going on knew. the big news item as stuart told you a little while ago, texas governor abbott is slowing down reopening faces, a spike in cases particularly in the houston area a lot of folks very, very concerned. potential shortage of hospital beds. intensive care units around the state. not widespread to stopping the overall reopening or reversing anything but enough to give pause. a number of other states have had problems, florida, for example, 4.6% new jump in cases. california saw the biggest daily

jump some sometime. nationally doesn't seem to be more worrisome picture. some of those spikes are giving other governors besides those in texas some paws where we go from here. where do we go. financial center banks, and the rest, ease up on the volcker rules, how much cash they keep on hand. it gets a little a gobbledygook. it doesn't have to have a lot of money sitting around. that could reflect on the group as a whole. we're following that as well as jackie deangelis monitoring all of this in new york. jackie. reporter: neil, we started in negative territory and now positive. so this market is very tentative right now. you bring up the situation in texas only compounding fears of the coronavirus and spike in cases across the country in other states as well. people sitting back, it is part

of phase one, we're testing more and still working through the system or is it because states are reopening, people are congregating not taking proper precautions. we don't really know the answer but the market is a little uncertain. because of this, disney will reday reopening of dills any disneyland. it was set for july 17th. we're not sure when. add to that uncertainty the governors of tri-state governors we're putting rules in effect an apple closing stores in addition to what it did in texas. the market is a little bit worried. on the data side there are positive points, jobless claims, we lost more jobs but the 12th straight week the number declined 4.18 million. slightly higher than the estimates, 60,000 lower for estimates. total number of claims for 14 weeks since the pandemic started, 47.25 million.

that is number of people who lot of their job. that is almost 30% of the u.s. labor force. a little bit of a bright spot. freddie mac is saying mortgage rate for 30 year fixed, 3.13%. that will help spur the housing market where we see positive signs. stocks are very mixed. draw your attention to macy's. it announced lay offs in the corporate sector of the workforce, 3900 jobs, 3% of the workforce. it will save macy's $365 million. there is american airlines. that stock was down earlier as well. there was a debt offering 2 1/2 billion dollars, just sort of shows you how the coronavirus has impacted these companies. they're in a tough spot. they need to raise money. investors are not enthusiastic about that, especially when there are fears about the virus spiking again. people were just starting to think about their vacations and air travel. that may just throw some cold water on all those plans, neil. neil: jackie, thank you very,

very much. by the way does anyone remember not too long ago when florida was saying you come from new york and new jersey we might think twice about welcoming you here because of the serious number of cases that you have, those were the number one and two states for coronavirus cases. now new york and some of these other northeastern states are targeting florida, among a host of others, including arkansas, north carolina, south carolina, arkansas, texas and utah where there has been a series of spike in cases saying we might quarantine folks for up to 14 days, or not allow hem here at all t gets to be messy. we're in long island, new york with the reasons and where things are going there. laura? reporter: neil, just as jack sy said, just in time for summer travel dramatic new increase in covid numbers led to dramatic measures. as you mentioned new restrictions going into place

starting at midnight. we want to show you in the map where 22 states in just the last week seen a spike in new cases. 20% are higher. that is including california, arizona, florida, south carolina and texas. within the last hour as you mentioned, texas governor greg abbott announced the state will pause the additional reopening faces after health officials in has state reported over 4300 new hospitalizations of covid patients yesterday, a record high for the 13th straight day. abbott releasing this statement last hour which reads in part, as we experience an increase in both positive covid-19 cases and hospitalizations we are focused on strategies that slow the spread of the virus while also allowing texans to continue earning a paycheck to support their families. as numbers continue to surge in southern, western states like arizona, health care workers there say they are becoming quickly overwhelmed. they need more tests and are no

longer able to meet testing demands in some areas. this nationwide spike is prompting governors in new york, new jersey, and connecticut to announce a mandatory 14-day quarantine from anyone visiting eight hardest hit states. governor governor andrew cuomo says if you fly in his state. they will have your name, they know where you're supposed to be staying and there will be random checks. >> if you go to a hospital from out-of-state and you test positive you've been within the 14 days, you violated the law. you're going to have a problem. reporter: anyone who violates this quarantine, neil, could face up to $10,000 in fines. a little piece of good news for new york. hospitalizations here have dropped below 1000 for the first time since march 18th. neil? neil: laura, thank you very, very much. let's go to phil flynn. he is following closely what happens in the futures markets. oil in particular, the fear that more spikes we see, the slower

the recovery will be. how is it looking right now, phil? >> it is really mixed, neil. i'll tell you this this is like one of those horror movies you think you have the animal, mon sister put away and it starts to rear its ugly head again and that's what we're seeing in the oil market f you look in the oil market, neil, we had one of the most incredible comebacks in history we've ever seen. we went from $40 negative to $41 positive. that was only a couple days ago. when we get a report like we saw in today's "wall street journal," increase in cases in coronavirus may not just be because of increased testing, when you hear about texas talking about maybe slowingdown the rollout you wonder if this will expand and oil traders are becoming cautious. you see cautiousness in other commodities. look at gold for example. gold was six-year high based on concerns about all the stimulus in the economy, more inflation coming into the picture, but that slowdown of course really

starts to even cool that market off a little bit. and the thing i want to tell everybody, looking at these numbers, even though we're concerned about the coronavirus, we've really had to look at the economic data which it has been an incrediblecom back. take the durable goods number this morning. last week it was in the tanker. came back very strong this month. we look at gasoline demand which was pretty much nonexistent a few weeks ago, it is coming back. all the pieces are in place for a strong economic recovery, assuming we don't take a big step back with the coronavirus shutdown. neil: but i guess, when you look at it, phil, the worry is that at least it delays some of this hoped for recovery, right? if texas is taking a pause, other states are looking at pushing back, maybe up to 28 days, the next phase of reopening sofar in new york city

they're still on board for indoor dining for example after the first week of july. so on balance the reopenings continue but is the fear that maybe we've been sloughing this off too much that there are underlying problems here that we're not really addressing? >> i think that is the fear. there is a fear that people are going to be afraid to go out and reopen and be afraid to go back to work. they will park their cars again. that we'll see a drop in demand. that is absolutely the concerns. when you look at the resilience of the american people, what we've seen during this recovery, i'm not as pessimistic, you know as a lot of the naysayers. look at correction in the markets, stock market, the oil market, it has been relatively modest based where we came from. so i think there is a bit of optimism. now, you know, when i was in college, i was thinking about becoming a trader i wish i spent more time in premed because i think i would be better as a doctor to trade on this market

right now trying to get an idea where we're at and i do know that we're seeing optimism from some experts that say, hey, we're not going through a second wave right now but they are also raising the caution sign that we can't drop down our guard right now. we have to be careful with social distancing. we still have to follow the rules and that way we can have successful reopening. we have heard comments out of the white house today that they're not going to shut down the economy. that should give us a little bit of confidence but obviously we're very concerned of course if we do take a big step back we'll delay which should be one of the biggest comebacks in u.s. economic history. neil: all right. phil flynn, we'll watch very, very closely. subject i want to follow up if i can with congressman mark green of tennessee. congressman a lot to talk about, this pace of reopening that might slow as a result, are you worried that it is also going to slow the recovery? >> i think there will be a little bit of a step back neil.

first thanks for having me on your show. obviously it will create some fear for some people but we just showed in the last few weeks particularly with the retail -- retail sales and then of course the employment numbers that the economy is poised to spring back very quickly. if there is a short pause again i think it will be okay. i think optimism will prevail. i think we'll be okay. neil: you know some of the states are surprised by i guess the sharp nature of the upticks. texas certainly comes to mind. hospital bed issue which seems to be a big issue in states like arizona, that they might have rushed this and they felt pressure to rush this, do you think that is true? >> no, i don't think so at all. what people need to monitor is their icu bed and ventilator

capacity. tennessee we've seen increase in cases but we've not seen increase in hospitalizations. we're looking at about 25% utilization of our ventilators in the state. meaning 75% are out there and available. flattening the curve was the goal, not preventing every person from getting the virus. that is impossible. so we should just focus on the right part of the curve, manage the ventilator space and the icus, and run the economy based on that. neil: you know, congressman there has been this move afoot ever since the death of gorge floyd -- george floyd come up with some legislation republicans working at it, democrats are working at it, but the two sides never find agreeable terms in terms of law and order, and looks like nothing is going to get done. is that true? >> it certainly speaks of that right now. what it really shows i'm not

sure the democrats care very much about police reform. what they care about is campaign talking points. tim scott, who is an african-american had a passionate presentation of his bill on the floor of the senate and offered the democrats opportunity to make multiple amendments to his bill. meaning he would sit down and work with them. they walked away 100%. meaning they essentially voted against stopping chokeholds. they voted against, you know making lynching a federal crime. they voted against those things. they wouldn't even work with him. and in the house, just now, they passed a bill no amendments from the republicans. they wouldn't even allow debate. so it is as if all they're looking for is a campaign talking point. they're basically using people to empower themselves. that's what they're doing. it's insane. neil: not surprising, congressman, they come back at you, say at republicans with the exemption of some of the provisions you mentioned like getting rid of chokehold stuff

and getting rid of database from officers who move from precinct to precinct if they're fired, there was very little else that was done in that serious reform and even, when it came to policing the bad police you didn't do enough of. i'm just wondering who is ever right on this, i understand how politics goes, is it fair to say that we're not going to see legislation now? that that looks very unlikely? >> well, hopefully as these, you know efforts between the two chambers between congress fail, that the republicans who actually allowed the democrats to present amendments and the house and the house who chose not to have amendments, we got this impasse, hopefully after that happens, everybody will sit down and we negotiate. but we offered the negotiations on the senate side. they didn't offer negotiations on the house side. i think that shows a real lack of interest in doing the right thing. i mean, you look at their

history on justice reform. i mean for years democrats talked about that. republican donald trump got in, got it done. and now they're probably afraid we'll get it done on police reform. so they're not negotiating. neil: all right. we'll watch it very closely. congressman, thank you very, very much. meantime here we're also following on the other controversies going around with all the protests and removing monuments. the president is saying you know you try to do that, i'm going to get executive order going to arrest you for even contemplating that. now u.s. marshals have been told to go ahead and defend those monuments, wherever they are and whoever they are. after this.

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♪. >> the people who are basically tearing down statues, trying to make a statement are basically borderline anarchists. the way i look at it. they have really no agenda, other than the idea we're going to topple a statue. neil: all right. that would be the founder, robert johnson, saying enough already, dial it back a little bit here and he speaks for many

saying some of these protests and some of the targeting for example, of statues and the rest risk anarchy if it were to continue. liz peek on that. liz, it only continues no matter what leaders of any type are saying this goes on and in fact escalates. where is all of this going? >> i don't know where it is going, neil, but it is certainly become a divisive issue. the majority of americans are not in favor of what is going on. i agree with johnson, 100%. these are not well-thought out campaigns. they're toppling statues after all of abolition its, ulysses s. grant. these are criminal acts, riot to us acts. what the president is doing with his effort to craft some sort of federal approach to this is saying enough. he is siding with, by the way, 58% of voters in a new harvard "harris poll," approve of even

keeping confederate statues in place. 71% disapprove of allowing local governments allowing these statues to be destroyed. so i think this is sort of an example of where things have gotten out of hand. and i think he is right. i don't think it really reflects any kind of thoughtful dissent or anything that might be construed as constructive. it is clearly destructive. neil: if you want to get rid of statues, put it up for a vote. there are peaceful and smoother ways to go about that. i'm wondering you talked about the vast majority of americans who are concerned about this, i don't like to leap on polls, liz at in early juncture, anything that can and will happen but the trend is not the president's friend. i'm wondering if some of the investment community is beginning to factor in the fact that he might notrecover from

this? what do you make of that? >> oh, i think there is no question that wall street is signaling concern about joe biden becoming president. we saw when there has been an up surge in joe biden's polling we've seen a downdraft in the market. i tracked it. it is very obvious i seen surveys of professional investors who are saying the same thing. why wouldn't they, neil? joe biden is talking about doing all the things that he and barack obama did for eight years which stifled what should have been a very robust recovery. people forget, yes, jobs increased, the economy did come back to life but it took much, much longer. like four or five times longer than economists predicted based on the depth of the plunge. that is a sort of historical algorithm if you will, what happened is all the regulations spewed out by the obama white house basically stifled the recovery. this is a fact.

i think as investors look forward to a biden presidency were he to win in november. we can count on higher taxes, more regulations. now because of the left ward lurch of the democrat party, i think biden es policies are likely to be more destructive. i'm concerned about it. i think we have a economy teetering on recovery now. it needs encouragement in the way of policies and possibly a fourth round of stimulus. it really does not need higher taxes and a whole slew of new regulations and anti-fossil fuel regulations that kind of thing. neil: liz, i'm old enough to remember the anxieties building in 1992 when it looked like george bush, sr., especially last couple months, some of warnings. untested governor wants to hike taxes and the rest. we know how things ultimately went. everything is not black and

white, democrat and republican, i know that, do you think people have fears of a biden presidency overblown, should he be victorious, house and senate with him, so sweeping it would be that damaging, that from the market perspective? >> well, if people begin to think it will be a sweep, i think catastrophic. a little bit like what happened in the new york state, finally the republican senate was overwhelmed by the democrat senate. a whole slew of regulations and policies flowed through into new york state which were harmful to businesses. had been basically prevented by a republican state senate. if we have that happen nationally, watch out below because the markets won't like it. but more importantly we'll see all these communities that have been so strengthened by job creation, by higher wages, et cetera, blacks, latinos, women, also, disabled people, veterans, i think all of that goes backwards. i just really think that would be a tragic thing for the

country. yes, joe biden on his own with a republican senate, maybe not so scary. joe biden with a democrat senate, could be very bad. neil: we'll watch it very closely. liz, thank you very much. maybe a little bit more fair and balanced on this, more liberal perspective, afl-cio president richard trumka, whether he shares those concerns about joe, given some of his recent statements. i don't think necessarily he does. by the way we're getting word in this environment where everyone wants to be certainly as politically correct as they can be, the dixie chicks are fish -- officially changing their name to, the chicks. we'll have more. when we started carvana, they told us

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there is still a lot of tensions in between us. edward lawrence out of washington. hey, edward. reporter: u.s. is seeing increased number of attempts by the chinese to steal technology. fbi director christopher wray speaking with our bret baier at fox news channel, says there is 1300% increase into the number of economic investigations for espionage into the chinese since 10 years ago. just listen to this. >> there is no country that presents a more broader, more comprehensive threat to america's innovation, to our economic security and to our democratic ideas than china does. we're much more focused in many ways on the economic espionage which targets american businesses and hurts american jobs and american consumers. and it is everything from fortune 100 companies to startups. reporter: the director of the white house office of science

and technology policy says that the trump administration is taking strong action to address these risks while also maintaining appropriate levels of openness that underpin our global leadership in science and technology. now that office released a research tool online this week for universities to be able to protect some of their data that they come up with and some of the research advancements that they make. we've seen professors from across the nation being arrested for not disclosing grant money from the chinese. the fbi increasing those investigations. in fact white house advisor peter navarro says we have to push back against the chinese. >> if you go back to the section 301 investigation of china's economic aggression the united states trade representative concluded that indeed china was stealing our intellectual property, they were forcing technology transfers, engaging

in cyber attacks and engaging in other forms of the economic aggression. reporter: just look at this, a new report came out found that 399 scientists at nih alone are, been flagged for considered possible concern. in fact the fbi investigating 30% of them, looking into to see if their activities with grant money related to the chinese is on the up and up. the nih as you know is working on a vaccine with a number of companies. you see the depth of the concern here, neil. it is important to mention that the chinese consistently denied they spy or steal technology. back to you. neil: all right. edward, thank you very, very much. i wonder what richard trumka thinks of all of this, the afl-cio president with us right now? richard, the view the president has of joe biden is that he'll be the chinese favorite candidate because he won't be tough on them. he will just let them run

roughshod over us and that these kind of fights over espionage will drop under a biden administration. what do you think of that? >> i just totally disagree with that. i think joe biden will be tough on the chinese. he will be tough on the koreans. he will be tough on everybody that tries to hurt america in one way or another. i think he will do a good job because he understands workers. i think he will also work with us to try to bring back jobs in the united states and increase our security. right now we only produce 48% of the things necessary for national security. neil, other stuff is made overseas. we need to bring that stuff back to protect us and i think he will work with us. he will change the tax code that currently rewards people for taking those jobs overseas. currently rewards people for locating in china. currently rewards people for letting the chinese take our intellectual property rights away from us.

so we need to look at it. i think he will be tough on it. neil: well you know it also rewards people, as the president's point to incentivize them to come back, companies that have done that to come back and get better tax regulatory treatment here. all that was going pretty well obviously before the virus hit. you mentioned the job thing. before the virus as you know, we were looking at record low unemployment levels not only for your 13, 14 million members but the country as a whole, virtually every major demographic group. the president says that your choice for president is going to reverse that. what do you think? >> well, first of all, neil, i disagree with but the tax code because the tax code that was just passed actually incentivizes people to locate jobs overseas because they pay zero taxes if they locate a plant anywhere here but in the united states. so we just have to agree to

disagree on that. but that tax code has been caustic and has rewarded people for moving jobs overseas. look, we have a tough situation right now. we have 33 million people unemployed or going on unemployment benefits or applying for them. that is one in every five workers out there right now. that gives us an unemployment rate of 19.7%. we need to focus what we're doing right now. we need to pass the heroes act so we can incentivize, help people losing their health care, people about to lose their unemployment insurance, neil. so we can go through to help stablize state and local governments so there is no more layoffs there we can stablize the post office. this, mitch mcconnell senate has sat on things. essentially, neil, when it comes to workers, mitch mcconnell's senate has been the graveyard

for bills that are good for workers. he has to get on the stick and pass the heros act so that we can get that economy back. because all of us want -- neil: let me ask you about that. joe biden is in a situation, joe biden is in a situation where the democrat normally takes the union vote of those who have a union member in their household. right now he is looking at close to obama-type numbers where he has 58 to 60% of their support. unfortunately, hillary clinton in the last go round got 52% of that. who is to say that, that couldn't happen again and that to repeat the obama magic you might need a different candidate? i know you have said at the time i believe, when you first endorsed joe biden, of hillary clinton and her bad numbers, that 30 years of being attacked by the ride wing took a toll on her. you went on to say that biden

talks to you like a working person. he comes from working-class people. you think it is going to make that much of a difference in industrial states to close the deal? >> look, neil, joe biden knows working people. he has walked on our picket lines. he has been to other union halls. he understands working class psyche and he wants to create jobs for us. when you contrast that to this administration, we have a osha right now that is the worst in the history of america. workers are getting slaughtered on the front lines and dying because osha is absent. we have the most anti-worker, anti-labor, nlrb in the history of the country right now. they do anything they can to prevent workers from getting a voice. all of that is apparent to workers. all you have to do is give them the facts. they will make up their decisions who the is best for them. that is what it will be about

and i believe the workers will overwhelming vote for joe biden in this election because of the choice between president trump and joe biden when it comes to workers is very, very clear. joe biden is the best bet for working people. neil: so early on, prior to the virus we had record low unemployment levels, businesses booming everything booming, people, overall sense of economic security was booming. do you think that the virus situation now has an in a weird way helped your candidate, because longer it drags on, the more they forget what life was like before? >> well, neil, i think you're asking the wrong question. i think the pandemic has shown inadequacy of the president. he has not led in this pandemic. he has lied to the american public. i hate to say that because, it really hurts me to say that but

he did. he told them this is nothing. and now we're getting because he pushed people to reopen too early, you're seeing the backlash of that now. in texas and florida and arizona and in other areas. and we're on the front lines. neil: a lot of leaders globally, a lot of leaders globally richard, nixed severity. if that is the case was he alone in that? >> i think i was the ringleader. he is the leader. that is his job. that is why he is hurt himself so much. because he is abrogated that leadership. take the meatpacking industry, neil. look, he ordered the meatpacking industry back into business, saying you have to work. no health and safety standards for the workers. 27,000 meatpackers have coronavirus right now. 10,000 new cases in the last month and osha is absent. they're doing nothing, neil,

while workers are suffering and ultimately dying, they're sitting on the sideline. they need to pass an immediate contagious disease standard so that if they won't enforce the law, at least we can enforce it to protect workers. and now with this resurge, you're going to have to protect workers even more. i don't like saying this. i wish it weren't so. i wish the president had done best job with this pandemic. but unfortunately he did not. he has been, he has done a bad job with the pandemic. we're paying for it. front line workers, they call essential are dying. we're getting sick and we're dying. nurses, firefighters, meatpacking people, all of us are getting sick and dying because we don't have a contageous disease standard. we have a department of labor

that refuses to, refuses, neil, to actually do anything to help workers. they have written one violation, one violation with 5000 complaints came to them. and they wrote one violation. what about the other 499, 4999 complaints that they did nothing on? that is unacceptable. neil: we'll look at -- put in in context, not all of us are dying and getting sick. we'll well off worse levels. we'll see how it goes. we see how joe biden does. richard, good health, be safe yourself. very good having you. >> thank you, my friend. stay safe as well. always good to be with you, neil. stay stave and your family. neil: afl-cio big cheese, richard trumka. speaking of which the cost of cheese is soaring.

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♪. neil: we're getting a quick update what is happening now with this cheese situation because it came out of the blue. remember it wasn't that long ago cheese prices were sinking with the whole coronavirus thing. no one was going out and lessen the need to buy it hit demand and all of that. then restaurants starting reopening and the demand suddenly reversed. all of sudden now we're looking at cheeses skyrocketing. grady trimble has been following that. this is like double-digit eye-popping skyrocketing. reporter: it is. the cheese market is as volatile as any right now. essentially what happened is what you described. the market kind of plummeted when all the restaurants started

closing, demand collapsed. and price of cheddar on the commodities market fell with demand and that price sets the price for all of the other types of cheese like the mozzarella that they make here. in april we were at a 20-year low. now cheddar on the commodities market is near a record high and what happened as the restaurants started reopening, demand increased in retail as well. here at crave brothers farm they're selling 30% more cheese in retail. there is a lot of demand for cheese right now. suppliers trying to catch up with that. that is something they think around hope will continue. >> we're really establishing some new habits. will they be habits five years from now? who knows. but i think in the interim term, they will be new habits that consumers will stay home, cook a little bit more. cook a little healthier. reporter: so how will this impact your wallet.

crave brothers expected the price at grocery store for their cheese to go up by just about five or 6%. so not too much, neil. neil: grady, thank you very, very much. real quick note before we go to break here. texas is detailing how it will change things with delayed reopenings with spike in cases. governor abbott, dallas, travis, harris counties they're postponing elective procedures to make room for potential covid-19 cases. stay with us, you're watching fox business floyd floyd. reliability, and security you need. tools to manage your business from any device, anywhere.

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♪. neil: all right, we've been telling you a lot about tit-for-tat, states saying if you're from the northeast we're not too keen having you come visit right now. all of sudden the northeast states responded you know, we're not too keen having you either. this back and forth has got some people saying, what about my summer travel plans? well they still look pretty good according to paula, the aaa senior vp of travel. paula, do you worry when you hear developments like this. southern states saying you're from the northeastern states? we don't want you. we are worried about spike in cases. northern states are saying we no longer have spikes in cases, we're very worried about you?

no matter who is right, people at home say, well, maybe not, basically travel plans. what are you seeing? >> i think we have to certainly look at it holistically. right now we have 700 million trips planned for the summer according to our new stats. precovid, that was 850 million trips. which was a large number, 15% drop. we still have many people looking to take road trips. it is disconcerting when we hear things like there may be bans for some folks being able to travel to different cities. we need to get by this. we need to be proactive, get through it, keep going to destinations to stay safe. it is understandable. we'll have to work our way through it. neil: where are people interested in going right now, paula? what are they telling you? >> interestingly enough, great american road trip is really are the place to be. when we look at searches from trip ticks, we see places like order used to be our number one

destination really dropped to number eight destination while denver climbed. denver was number 10. denver climbed to number one. really shows people want to be experiencing the great outdoors as the hotels, search has come own board. then we see cities start to stablize, we see places like orlando and new york and los angeles and those destinations coming back into play again. but typically right now we're seeing a real high propensity for people taking road trips because 97% of the people that are traveling for summer will be taking a road trip by car. those numbers didn't change that drastically from pre-covid times. neil: i'm wondering too, what it says about travel by air, more specifically, travel by far air. going abroad? that doesn't seem in heavy demand right now? >> it is not as high demand as it should be of course. people are taking baby steps. they're taking precautions.

they're staying closer to home. experiencing the great outdoors. as things open up and phases and different locations open up we'll see higher propensity for people to travel. pre-covid, 90% of the people would travel domestically anyway. international travel is a great opportunity. as the destinations open we'll see more people building that confidence taking trips by air. they will have to do so with precautions in mind. planning ahead, taking those precautions, being proactive are ways to do it to stay safe and there is a pent-up demand clearly for travel. it is not going away. it is expanding. we'll start with domestic, we'll start with road trips and eventually people will take more air trips. that will happen because there is definitely a pent-up demand to do so. neil: all right. we'll watch that. hopefully that will continue. we shall see. thank you very much of the naacp, the senior, vp of travel. obviously a fun job. i would like that job.

we have a lot more coming up for you. we're keeping an eye on the financial stocks. they're about one of the few big, big sectors benefiting today. especially with this move they will roll back somewhat the banking industry called onerous provisions limited how much they can get into investment acts activity, all of that, how much cash should keep on hand in case things melt down and get problematic again. they have long argued since the meltdown they have been way too restricted this could potentially free up billions of dollars for them. this is a pretty serious change. we'll have more ♪ ♪

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if so... excellent. if not, swap it out for another or return it for a refund. it's that simple. because at carvana, your car happiness is what makes us happy. neil: two quick things. mistake i made in the last section there when i said good-bye to paula of aaa. i don't know why i said naacp. i can't blame anyone. i apologize for that. anyway, we were talking about travel plans on the part of the americans here. they are still going to be busy bees this summer, but maybe not as busy. that's the fear with these states going back and forth, charging that, you know, one isn't safe and the other isn't safe. so we're not going to accept passengers coming from your respective states or at least

urging quarantines for them if they do. it's more theater than it is anything else. we will keep an eye on it. we are also keeping an eye on the president of the united states, who will be at an event, campaign event, in wisconsin later on today. we are following all of that. matt? reporter: the state of wisconsin once again will be a key battleground state in the general election, now just months away. today, the president is expected to tour this major ship builder here in marinet, wisconsin. afterwards he will deliver remarks at about 4:00 p.m. local. the president is expected to tout a $5.5 billion navy contract with the wisconsin ship builder. it's expected to at 1,000 new jobs to this small town and keep the company's employees working for the next two decades. however, joe biden says wisconsin has been bleeding blue collar jobs in recent weeks and is accusing the president of taking credit for that $5 billion contract that biden claims was fueled by the obama

era. before the president talked today at this shipyard, he's scheduled to take a one-hour town hall with sean hannity set to air tonight on fox news. the town hall will focus on news of the day topics like election and police reform. here in the small northern town on lake michigan, the mayor wrote a letter to the president saying the community faces immense challenges that have only grown worse with the pandemic and issues of racism. the mayor writes in part to the president we don't tolerate intolerance or willful ignorance and we don't endorse or ignore divisive and bigoted rhetoric. i hope your town hall event is a legitimate opportunity for you to listen and learn from all members of this community. air force one is scheduled to be landing at any moment. we will keep you updated on the president's visit today. neil? neil: matt, thank you very much. by the way, we are getting some updates now from a number of government officials on these spikes in cases. some experts are now believing this is via reuters that more

than 20 million americans could, could have contracted the virus so that would be ten times more than the official counts, indicating that many people without symptoms have or at least did have the disease. there's no way to know that. i don't know what scientific data they are using to come to that conclusion but that's a number of original cases reported might be dwarfed by the number who actually might have been affected. still early, we are still piecing this together. we will be watching it. ashley webster has been watching very very closely just the jump in cases that we know of right now. and how it's affecting a lot of different plans. ashley: it's confusing because you get new pieces of information, sometimes it's a lot worse than we thought, other times a lot better. it's difficult to parse through the details. as we have seen an increase in confirmed new cases of covid-19, businesses are starting to take action. disneyland, for instance,

delaying the open of the park. it was set for july 17th in anaheim, california. by the way, a new date has not been proposed but they are doing this because of a rise in the number of cases. disney putting out a statement on this saying in part given the time required for us to bring thousands of cast members back to work and restart our business, we have no choice but to delay the reopening of our theme parks and resort hotels until we receive approval from government officials. now, what about disney world in orlando, on the other side of the country? that park still scheduled to reopen on july 11th, but we should note that employees at both disneyland and disney world have started petitions pushing disney to delay the reopenings because of a spike in covid-19 cases. they say you shouldn't put profits over safety. both california and florida, by the way, have recorded more than 5,000 new cases in the last 24 hours. check out california.

5,551. meantime, how are other businesses doing? apple says it is now going to reclose after reopening seven stores in houston, texas. that has been somewhat of a hot spot in the country. that brings the total to close to 20 now stores, apple stores, out of 271 across the country. speaking of texas, total of, again, over 5,000 new cases of coronavirus reported in that state in the last 24 hours. that in turn has prompted governor greg abbott to pause any further reopening phases, but the governor says businesses already open can continue to stay open. he says the last thing that he wants to do as governor of texas is make the state go backwards. he says the temporary pause will help to corral, it is texas, after all, will help to corral the spread of the virus. but there's no doubt that this rise in the number of cases and

hospitalizations is starting to have an impact and having governors and perhaps some, you know, states and local authorities rethink their schedules going forward. neil: got it. ashley webster, thank you very very much, my friend. as ashley was speaking, we are getting more details on this report that there could be potentially many more coronavirus cases recorded and going forward that we know of, maybe ten times more. apparently the centers for disease control and prevention using a special serology testing used to determine the presence of antibodies, tended to show that between 2.3 and 2.4 million of the known cases was multiplied by the average rate of antibodies seen from these serology tests to determine potential exposure to the virus, thereby lifting it by a factor of 10 to 1. two million cases in the united

states, ostensibly that would mean you have a 20 million figure. the fallout from all of this right now with dr. adalja. doctor, i don't mean to throw this at you blindly here. the significance of this is what? that the cases that we thought are maybe much higher than we thought, and i believe in prior chats, you and i have talked about that, ten times higher? what do you make of it? >> i do think that that's probably a minimal number that we missed because early on, we were only testing patients dhth came to the hospital that were severe enough to seek medical attention and we were missing a lot of cases that were mild, that weren't coming to medical attention, and we were talking about the fact that we were really undercounting by a factor of ten. this bears that out. when you do antibody testing you can see this is very widespread. it's a contagious respiratory disease. it spreads very easily from person to person. it's not surprising we only have the tip of the iceberg when we

look at our diagnostic tests. neil: we have been testing a lot more, the president himself has said that's a good thing we're doing in this country, but when you get more testing, you get more cases and i guess now they look at these eight to a dozen states where the ratio of positive cases is at 10% or higher. what do you make of that? >> so that's the way you can actually determine what's just the result of more testing versus what's an outbreak that is out of control. when you look at the percent of positivity of tests, when they start to increase like they have in arizona, texas, florida, even in the nation as a whole, that tells you we are losing control, because the percent positivity should be relatively stable if there's nothing changing with the virus. this shows us that the virus is accelerating its transmission and those states where that's occurring really need to get aggressive with contact tracing to try and prevent the transmission from ending up falling on to vulnerable

populations and ending with hospitals under stress like we are seeing in arizona and texas. neil: in a few counties in texas, the governor already once again put the ban in effect for elective surgeries to make room for potential covid-19 patients. how bad is this, in your eyes, doctor? >> i do think that this is a setback, what's happening in some of the sun belt states. what you would have hoped is when states reopen, they had put in place robust contact tracing teams so they could actually take care of the new cases they were going to get. we knew, it was inevitable we would get more cases when people socially interact because the virus hasn't gone anywhere but we hoped to be able to take care of them quick enough, keep them from spreading to other people so we wouldn't get rising outbreaks and it seemed many of those states did not have trace contact teams sufficient to be able to put a stop to these outbreaks. i think that's what we're seeing. this underscores that in every state we need to make sure contact tracing is intact as we get more cases or we are going to end up the way texas and arizona did.

neil: you know, doctor, i haven't seen any state yet reverse plans. they have delayed next phases of reopening, so i could be wrong on that, but certainly nationally, no one is talking about doing anything big. larry kudlow was earlier talking about we would not shut down even with this surge, if it were to happen again. what did you make of that? >> i don't think that we are going to see kind of blanket shutdowns. what i think we will see is more targeted, more nuanced types of recommendations based on what's actually spreading the infection, what activities they are, and it will be much more regionally focused and something that would encompass a whole state, for example. i think that's the best way to go about it. but it is going to be challenging. the hot spots may pop up in different parts of the country as we move through this pandemic without a vaccine. neil: all right.

thank you very very much, doctor. appreciate it. i threw a lot at you. you were way ahead of me on these developments as you always are. appreciate your help. thank you, doctor. be well, be safe. all right. i want to get the read on all of this with carol markowitz, because whatever you want to say of the virus and everything else, it has hurt the president's numbers in the polls and it has helped joe biden. that's not to say that's accurate or a real reflection what's going on but the perception is that the president has handled this clumsily and it's measuring itself in the polls. not surprising when the afl-cio chief is here supporting joe biden to say that but you have been looking at these polls, as have i, and seeing through the prism of wall street, whatever you think of the president, he has been good for wall street, right. i guess what some investors fear

is that party ends if his term ends, right? >> well, look, i mean, thank you so much for having me, by the way. you know, nobody thinks that donald trump is a small government, you know, cost cutting guy. he in his recent executive order said the word money is no object and that's sort of who he is. but the issue is, i think, the reason that investors are nervous about a biden presidency isn't so much about biden, even though obviously democrats are known as spenders and tax hikers, it's really who biden has to appease and we can't forget that biden almost lost his primary, he almost lost to a socialist. so he has a large wing of his party that he has to appease by raising taxes, by spending more and obviously, investors are jittery about that and the covid, you know, crisis that continues is obviously a large part of that, as are unemployment continues to go up,

all of that really plays into trump's chances. neil: i like the way you look at strictly through the prism of wall street. they might not like his style or his tweets or anything else. they have be maen making a lot money with the guy, just as they were opposed to switching horses with bill clinton, they were making a lot of money with him. i always say wall street's not red or blue, they are green. they love money. god bless them. [ speaking simultaneously ] neil: right? at minimum, taxes will go up. we just don't know how much they will go up. joe biden has said that. so that's an obvious thing they are pouncing on, right? >> absolutely. there's other concerns, too. i think, you know, the comments i said that president trump made about, you know, it's only money, that same week governor andrew cuomo in new york made a comment like well, the federal government has a printing press in their basement. that's like a scary thing to say. neil: yeah. yeah. >> that's just what democrats

think now, right? ocasio-cortez says things like we'll just make more money. that has to be concerning for investors as well. i think that that wing of the democrats having any kind of control over biden is very worrying. neil: you know, as you pointed out, republicans haven't exactly been fiscal stewards in their own right. we are looking at adding trillions to our debt so maybe they get religion if the president is re-elected, i don't know. but they are hardly in strong position to counter big spending, right? >> absolutely. i think the republicans have really let that go during these years. but that's what's funny is that the people that trump will need to appease will want to cut spending and the people that biden will need to appease will want to raise spending. we are looking at a very different angle here of people that they need to keep happy and i think for wall street, it's an obvious answer that the republican side would be better for them because trump would need to deal with these people

who would want to cut spending and have a really tighter fiscal policy. neil: yeah. some were saying get ready for economic policy dictated by elizabeth warren. i don't know. the fighting is just beginning. carol, we will watch this very closely. thank you for joining us. always enjoy it. she sees things a lot of people miss and that's one of the big ones right there. in the meantime, we've got a couple things we did want to take a peek at, including what's going on in the market. those worries are not paramount today. more developments on financial stocks, we will get into that more, and also focusing on what seems to be continued good news on the housing front. speaking of which, we are having another one of our town halls, i love when we do these, and i especially love it when we have barbara corcoran here, the real estate dynamo. that will be coming up on july 9th. very big guests as well, what's happening with this recovery,

what's happening with housing, where the new money is going and why some big cities including that one behind me are worried. after this. liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. granted.

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looking dicey on that police reform measure that they have been kicking around, that is democrats in one arena, republicans in another, never the two shall meet. now we are hearing from nancy pelosi telling "the washington post" that republican and democratic positions are, in her words, ir reconcilable on some police reform issues such as chokeholds. it's a bit of a surprise to me. i thought in one of the latest proposals they agreed on at least limiting that on police departments but even there, if she's right, that's pretty strong signal that they are wide, wide apart and there isn't going to be anything done any time soon. we will keep an eye on it. in the meantime, also keeping an eye on what's been going on in seattle right now. where, you know, protesters who took over a six-block radius, we are told are slowly dismantling. now there are lawsuits coming from those directly affected in the area like businesses and a host of others. we are following that with a

former federal prosecutor. katie, do they have legal grounds to sue? >> they absolutely do. these business owners and property owners in this area have raised several different causes of action including procedural and substantive due process violations, taking violations, nuisance and even a unique allegation that the city has violated the idea of giving a gift to a private organization by not allowing the business owners to have access to their property. so they absolutely do have standing to do this, in my opinion. neil: you know, it's just unprecedented, the degree to which not only this group sort of took over this area but so much so that they shut down a police precinct and police had trouble getting in there, resulting in the death of a young man and serious injury of at least a couple of others. so that is the backdrop for this. i'm wondering, then, whether this sets new federal

guidelines, legal guidelines, about how far you can go not only with protests but going that extra step to taking over an area. >> well, i think that there's always an idea of reasonableness so you have constitutional rights to protest and to assemble, but that can't be at the expense of business owners' safety and their property values and the things that the city has an obligation to protect. so it's not that the guidelines are different. it's just that an interpretation of how you are policing a city, how you are running a city, always has to yield to what is reasonable and what is democratic. quite frankly. neil: that's very true. katie, thank you very very much. very good read on all this. we will follow it closely, probably bug you again to come back and explain it all to us. in the meantime, you have heard about the spike in coronavirus cases. again, they are disproportionately older and it really rankles right now, because particularly in new york where we have had so many

nursing home deaths, the governor, according to many of his critics, has not really said enough or done enough and for janice dean, this isn't just business. for janice, this is personal. hey you, yeah you. i opened a sofi money account and it was the first time that i realized i could be earning interest back on my money. i just discovered sofi, and i'm an investor with a diversified portfolio. who am i?! i refinanced my student loans with sofi because of their low interest rates. thanks sofi for helping us get our money right. ♪

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neil: all right. not independent contractors, drivers, employees, that's the push right now in california saying uber and lyft reclassify those drivers now. susan li has more on the significance of all this. susan? >> -- drivers could lose their job if this court injunction goes through in california. the state attorney wants this court order to go through so it compels uber and lyft to immediately comply with ab-5, that worker bill that went into effect on january 1st. now, ab-5, it would reclassify

uber and lyft drivers as employees and not just independent contractors, and that means that they have to be paid minimum wages, benefits, overtime pay. uber and lyft have been able to skirt and get around this ab-5 implementation this year because first of all, they sued the state and they are hoping for the second bout to take place fairly soon that will override it. speaking to uber, this is what they told us here at fox business in reaction to this state attorney general move. they say the vast majority of drivers want to work independently. we have already made significant changes as they say [ inaudible ] that remains the case under california law. over three million californians are without a job. our elected leaders should focus on creating work and not trying to shut down an entire industry. lyft says the california legislature passed a law that was so badly drafted, it destroyed thousands of jobs before the ink was dry. if the court were to grant the attorney general's request it would have a devastating effect on millions of californians at the worst possible time.

covid has resulted in record high unemployment rates including in california, since we know the jobless rate there is sitting at over 16%, but the a.g., the attorney general says we need ab-5 because these companies are trying to pass the buck and the costs on to the state. if you don't pay them a living wage or benefits, that means they take from the state and ultimately that lies on the taxpayer. if you take a look at the stock, both of them are underperforming today and this broader market where we are seeing actually some gains there, and they are still trading way below their ipo offer prices from last year because of those regulatory overhang. when i spoke to dara khosrowshahi and asked if ab-5 would go across the country in the rest of the states, he's pretty optimistic and said no, that's not his anticipation. uber went out at $45 and their ipo, they are trading at barely $30. we have lyft trading at 32 and change and they poipo'ed at $72o

obviously there is that pressure. neil: susan li with much busier traffic pattern on the avenue of the americas and that is something new york governor cuomo has been touting, that the city and state are coming back. by the same token, acknowledging that not everyone should be happy. take a look. >> people died there, they didn't have to, it was mismanaged and the operators have been given immunity. what do you have to say about that? >> several statements that are not correct but that's okay. it's your show. you say whatever you want to say. the nursing homes were the most traj iigic situation. we have to figure out how to do it better the next time. neil: those two are brothers. when the brother asks a tough

question, the governor doesn't like it. that could be an interesting dinner later on. janice dean has been talking about this as a problem that very few are discussing, the huge disproportionate victim count that includes older people. this is a very personal decision for you, janice, isn't it, because you have seen it and experienced it firsthand. >> right. my husband lost both of his parents to covid in nursing and assisted living facilities. his dad was in a nursing home. he died first in late march. his mom was in assisted living residence and she died near easter. the plan was we were going to have them both in the assisted living facility but mickey, his dad, had dementia and his health was failing so he needed rehab. then the coronavirus came into play and it took the life of mickey first and sean got a call on saturday morning saying his dad wasn't feeling well, and

three hours later, he gets a call saying his dad died. we didn't know why until we saw the death certificate and it said covid on it. two weeks later, his mom gets covid in her assisted living residence. she is brought to the hospital. she died in the hospital and her number won't be counted because of governor cuomo's decision to not count her death as an assisted living facility death because she died in the hospital. so there's some shady business definitely going on with the numbers and i want to see some accountability. i want to see some answers. we have 6,000 seniors that have died in new york state, 25,000 people in total in new york state, and just now, we are starting to see the governor get the question about the nursing homes. it's been awhile that i have actually seen him answer questions. neil: i can't believe what you guys had to deal with, his dad

and his mom within such a short time frame. did you realize then at the time about covid-19 and at the time, especially with sean's dad, that it seemed to be spreading particularly in these senior centers, nursing homes, et cetera? >> well, we weren't able to see his parents, of course. we were quarantined in mid-march so we knew we couldn't go see them. he talked to his father and we knew that the virus was spreading, but we only saw through news reports that march 25th was when the governor put the order in for covid recovering patients to be forced, forced into nursing and assisted living facilities. it was only may 10th that he reversed that decision. so it became very clear that the virus was spreading like wildfire and we had no way of

doing anything about it. we couldn't take them out of their homes. we couldn't visit them. we didn't have a wake, they weren't able to have last rites and we did not have funerals for them. neil: oh, my gosh. janice, were you able to, you know, i didn't know that requirement that you had to go senior home, nursing home, whatever. if you had this, would either one of them be alive today if that was not a requirement? >> i think so. his father mickey, i remember right before he died, we got a call from the nursing home saying we are going to move your father to another floor. they didn't tell us why. but i believe they moved him to another floor to bring in covid patients. i don't know about his mom. his mom was actually telling us that people were coming into her assisted living residence not

with masks or washing their hands, so she was worried about that and the people that ran her assisted living facility were also ill. i don't know if they had coronavirus. these are answers i don't know if we are ever going to get, neil. that's why i am very vocal because this is very personal and you know me, i do the weather. i'm the meteorologist. i'm not a political person. but if i can be a voice for all of those thousands of families that have loved ones that have died because in part of this mandate, then i want to be their voice to try to get some accountability. neil: well, they couldn't ask for a better voice or more stubborn one. i mean that as a great compliment. i'm wondering, for sean, how is he holding up? how are your kids holding up? in a very short span of time they lost a great, you know, grandpa and great grandma. >> it's day by day.

my husband's having a difficult time. it's hard at the beginning, i wasn't going to speak out because it was so personal and we are still grieving. but now i feel it's something i need to do and he supports that. he wouldn't be able to do this interview with me. my kids, i mean, my kids were asking their classmates to pray for them and to pray for grandma dee and grandpa mickey who are in heaven now. they know that covid took their lives and hopefully some day they will know that their mom did her best to try to get some answers and accountability for their grandparents. neil: i think they know that. i think two very special parents of sean know that. hang in there, janice. my love to sean and the kids. wish you didn't have to go through this. you are making damn sure that we don't. thank you, janice. hang in there.

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neil: new jersey is slowly but surely coming back here. it's a slow plan and unwinding but when it comes to sports and other things, it is welcoming at least in that sense. lauren simonetti following all of that. lauren? lauren: hey, neil. so many parents relieved when their kids could play ball again but there's a big catch. we are trying to understand it. so as of monday of this week, low risk sports could practice and play again. golf and tennis specifically. but baseball is considered a medium risk sport along with outdoor basketball and soccer. so practices can happen now but games will have to wait until july 6. well, the u.s. am chateur baseb league takes issue with all of that, saying first, baseball is less physical than the other

sports so games should be allowed sooner, like in time for the fourth of july holiday. they also say that few fields in new jersey are actually opening for them to play because there is so much confusion about what's allowed. listen. >> when you have the experts in the state who are giving these guidelines but they are so vague that you can't really interpret them one way or the other, you have 565 some odd towns in new jersey who now have to become doctors, lawyers, police officers and coaches and they just throw their hands up in the air and say we can't do it. lauren: likened to a pool opening back up but not allowing swimming. that's what it's been like for them, very frustrating. now the teams and parents have to fork over money for them to travel to other states where the fields are open and they can play even though they would rather play in their own backyard of new jersey. to make matters a little bit worse, those parents spending all their money have to sit in

their cars while their kids practice. social distancing. so that's where we stand. it's exciting that you can play baseball but maybe not exactly the way a lot of coaches and teams wanted to. neil: so bizarre. i guess you count your gifts. thank you very much. lauren simonetti following all of that. meantime, we are following not only these cases in different states, and how they're handling them, but more specifically what on a national level we want to do to keep the economy going. the president is apparently open to more stimulus. apparently a lot more than we earlier thought. after this. where will you go first? wherever you make go, lexus will welcome you back with exceptional offers. get zero percent financing and make no payments for up to 90 days on all 2020 lexus models.

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experience amazing yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute.

wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. neil: all right. well, in case you had your doubts about the future of electric vehicles, no less than vice president of the united states is going to be on hand for a big unveiling. hillary vaughn with more. hillary? reporter: neil, this is quite the comeback story for a humble factory in lordstown, ohio that under former leadership under general motors, the factory went dark just a year and three months ago, but today, under new ownership, from electric vehicle

startup lordstown motors. it is rolling out its first all electric truck to hit the road, making its debut with the vice president of the united states in the passenger seat. >> this is just a great day, an exciting day. a time not too long ago where we had heartbreaking news. today is a new beginning for lordstown and it's a new day of leadership in electric vehicles in the united states. reporter: this rollout is significant economically and politically for the white house. when gm shuttered its doors they left hundreds of people in the community out of work. the factory today, though, has been brought back to life by lordstown motors. vice president pence says this is proof the president is committed to making manufacturing happen here in the u.s. the company originally planned to show off a driverless prototype of endurance at an auto show this spring but that was canceled due to coronavirus. the endurance is joining a crowded electric truck space

with names already there, tesla with their cyber-truck. ford plans to make an all electric f-150 and general motors plans to make an all electric version of their hummer. lordstown motors is on track to be the first out of tesla, ford or gm to actually deliver a road-ready rig to customers. the company says customers should receive their pickups in january of 2021. ford's f-150 electric vehicle has not announced their date for the truck to hit the market but they did show off a prototype last summer. gm was supposed to unveil its revamped all electric hummer in may, but that was also stalled due to the pandemic. tesla's cyber-trucks are scheduled to hit production late next year. today, vice president pence says lordstown motors told him they already received 14,000 preorders for the pickups. neil? neil: it's very real, all right. thank you very very much. hillary vaughn on that. we appreciate it. in the meantime, we are also focusing on what the president plans to do right now on stimulus.

we are told that he is very keen on more of it even though some more fiscally hawkish members in the republican party, pat toomey comes to mind of pennsylvania, are concerned about spending money we don't have. be that as it may, charlie gasparino right now on the push to get a lot more stimulus out, sooner rather than later. charlie? >> some interesting items here. one item at the end i will save for the end because i know it's near and dear to your heart. here's what we know. there's going to be another stimulus plan. it will probably be a trillion, maybe a little more than a trillion. pretty broad consensus in the white house among republican leaders and obviously democrats who want to spend more money for their pet projects as well, will want another stimulus. the rubber meeting the road in a couple of weeks, meaning that's when the real hardcore negotiations begin. right now, what we are hearing is stuff that's being discussed and here's some of the interesting stuff being discussed. stimulus measures that will

focus on businesses that employ a lot of women. it's something that ivanka trump, from what i understand, has been talking about, how women have taken some of the economic impact of the coronavirus lockdowns very hard so you will see some of that, at least that's what's being discussed. again, no hard and fast details but people are discussing that. the better details are on businesses that were really hit by the coronavirus shutdowns. leisure, hospitality, health care, education. those are some of the businesses they want to provide maybe not direct stimulus checks, but maybe tax breaks, something to help those businesses along. that's what lawmakers are talking about. they are still talking about state aid. can't tell you how much, they are looking to form a consensus. based on what i'm hearing it's likely to be aid to states that have had to lay off people. new york city mayor bill deblasio, none other than our

famous new york city mayor, talking about layoffs of municipal workers. there could be some money coming to states like new york, cities like new york, illinois that were hard hit. here's the part that i know you will have keen interest in. there's some talk about having a cannabis provision placed in the stimulus package. yes, cannabis. pot. what i understand is lobbyists, particularly banking lobbyists, are looking to force or prod key congressional leaders, mcconnell's office, to create a safe harbor to allow banks to lend to cannabis companies. right now, if you are a bank, you can't lend to a cannabis company because it's still considered a narcotic, believe it or not, despite the legalization wave that has gone on in the states. from the federal level, it's still considered a narcotic. banks are federally regulated. but you can have a safe harbor and there is talk about putting a safe harbor in this bill so it could be cannabis company funding. that's something that could allow, say, a big bank to lend

to a pot company. and i know you are very much interested in that, neil. back to you. neil: now, i don't know where to begin with what you just said there. you are assuming that i'm a fan of pot and would immediately take advantage if there were more flexible rules. >> well, no. the reason why i say that is because i walk by your office once, you know, before we were out of the office, and i heard that song, a willie nelson song, don't bogart that joint, blasting out of your office. that's why i'm assuming. neil: well, there was that. i forgot that. thank you, my friend. oh, i know, real quick thoughts on the baseball thing. it sounds idiotic to me but it's going to happen. what do you make of it? >> it's going to happen. 60 games. listen, they have to establish some -- the owners are losing so much money. i think to give you a little

background, the new york mets were losing money before this thing. they are obviously up for sale. that's one of the major franchises. they will probably lose twice as much money this year because of fanless stadiums but they have to have something there, some template there, something to basically prop up the value of these teams and i think that's what they're doing here. it's not the greatest solution. it was messy. but it's better than nothing, i think. it does preserve the business. by the way, that filters through the economy, broadcast networks like ours, others, you know, there's going to be money spent and that's good for the economy. neil: all right. thank you, my friend very very much. charlie gasparino on all of that. as we are speaking, we talked about how both sides in the senate and congress get very little done but on this, they agree, cracking down on china. right now, the senate just passing by unanimous consent a bipartisan measure that would slap sanctions on chinese officials and businesses and

banks that erode the autonomy of hong kong. the legislation was sponsored by chris van hollen, the democrat, and pat toomey of pennsylvania as a way to let china know what you are doing with hong kong we don't like and we will lit you where it hurts financially. we'll see. after this. ♪ we could never do what they do. but what we can do it be a partner that never quits. verizon is the most reliable network in america. built for interoperability and puts first responders first, giving their calls priority, 24/7. we do what we do best so they can too.

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>> i was such a stupid fool i didn't know it. please believe me. you must care. >> i loved you more than i loved anyone. i waited longer for you than i have waited for any woman. neil: all right. no longer "gone with the wind." at least not gone from hbo max which is bringing the celebrated film back. with a disclaimer though, saying that it will deny the horrors of slavery, that that was obvious in the film and that to reinforce that point, when hbo max does return this to viewing it will be accompanied by two videos discussing the historical context of slavery, what at that film was about. meantime we're also keeping track of changes that are going on and adjustments going on behalf of companies deshelterring to get back to business. casinos are part of that. mgm resorts saying they will require face masks at all hotels

in this process and casinos. that follow as wave of similar players, no pun intended doing the same. we'll follow all of that as will charles payne right now. hey, charles. charles: hey, neil, thank you very much, my friend. good afternoon, everyone. i'm charles payne this is "making money." breaking at this very moment, sellers are on pause but buyers are reluctant. market essentially unchanged. action beneath the surface suggest that the rally could resume very soon and certain questions have to be answered including the health of banks and how to invest when the economy is not 100%. we'll tell you. president trump arriving in wisconsin. a swing state as you know, he won in 2016. he is down in the polls to joe biden. payment being on the markets may already be happening. i will explain. also vice president pence unveiling a new all electric pickup truck in lordstown, ohio, as ford will