biden the voting against donald trump. if you can get momentum he's going to need to get to people stand with him in support of something. it is going to be absolutely critical and see how people support those things. maria: allie, john, ashley webster is in first root, right here, right now. take it away ashley. stuart: good morning, everybody, stocks are ready to rally, good morning, everyone take a look at your money, big gains across-the-board as we get ready to kick off the first full week of the quarter, positive economic signs outweighing the rising cases in places like california, texas, arizona and florida, no worries there, the dow is up 391 points, and s&p nasdaq firmly in the green, a big positive gain, technology, a lot of the big names that we talk a lot about our about to soar again. check out the stocks in the premarket, all up nicely, up 1%, we will get into more of that

throughout the show. take a look at tesla up 6% premarket, it's going to bust through another all-time high at the open, look at that up to 1277, also a story about red sucking shorts, that's what you call a tease, we will explain, also president trump tweeting about the markets moments ago saying if you want your 401k and stocks which are getting close to an all-time high, nasdaq already there to disappear, vote for the radical left, do-nothing democrats and corrupt joe biden, massive tax hikes will make you very poor fast. that is the president tweeting this morning. speaking of the election, we are for mental weight and joe biden says he's going to transform nation. what does he mean by that, you'll guess pretty good as good as ours, he gave no details. also president trump will be holding a rally once again this time in new hampshire this coming saturday and this time it

is outdoors, the trump campaign is coming up on that shortly and as always a big three hours ahead i'm ashley webster interest rate this week and "varney & company" begins right now. ♪. ashley: let's get right to it, big tech continuing the market dominance, we saw the nasdaq finish at 4% last week and it looks like that trend is not going to stop anytime soon, the nasdaq since last week of ten 10207. i want to 0 in a few names, check amazon, microsoft and tesla all of them in record territory on this monday morning, all up 1.5% and tesla on a tear again, up more than five and half percent, what about netflix it dropped off a

little bit on thursday after hitting an all-time high, that stock is also moving modestly high up a third of percent for hundred 78 for netflix. for now let's focus in on amazon, let's bring in susan lee, they are on a winning streak that has lasted nine weeks. >> starting a new week and record territory, on thursday we had a holiday shortened week in amazon, microsoft, tesla and netflix all hitting record highs in u.s. markets today are pressing a jump, not only on those but across the broad market this is after 6% rally in china overnight, stocks finishing up the highest level since february 2018 and this is after the chinese government called for a bold market after covid-19 in the globalized world where everything is connected and the money is supposed to going to one market you can bet it flows elsewhere including right here to the u.s. and most of the money going to big technology names this year with the nasdaq still outperforming the rest so far in 2020 and i

should point out, amazon is over 50% so far this year. not bad. ashley: not bad at all. thank you very much. another market mover regeneron, a biotech firm announcing the start of phase three for the virus treatment trial, that will be a another 3% at 641 for regeneron. with all this said, let's bring in mr. fitzgerald him himself. we have a nice rally on our hands after a long weekend. more positive news on virus treatment but i'm reading your notes and you are still concerned, you say about the rise in cases. >> i'm. it's very tough to focus on the numbers when there is different numbers than you expect. we came into the summer expecting to see that case number dropping under control.

that is not happening, that concerns me as an investor in trader, i feel a lot like were revisiting february and i just want to make sure the markets don't get ahead of themselves, i'm concentrating for example my money on the very specific big tech that we talk about, even on energy on the buffer move. ashley: will get into energy in a minute, i also noticed, you are simply buckling up. >> of course that is anybody's guess, we went into the fastest bear market in history as a result of the february march situation, i simply think the computer could get out of control and investors need to be savvy, i think you need to be in to win, i'm not saying sell everything don't abandon, you will play out in every single day you have the opportunity but i'm very concerned that that field is getting shifted beneath her feet. ashley: stay right there, we mentioned i wanted to check the names of the scrape with duke and dominion, lauren simonetti

is with us this morning, this is the long delay the atlantic pipeline both stocks moving lower. >> that pipeline is not happening, duke and dominion energy are canceling their proposed a billion-dollar pipeline that would carry natural gas across west virginia, virginia north carolina, the pipeline with have a numerous regulatory setback separately dominion is selling some of the natural gas assets in berkshire hathaway for $10 million and that purchase is worm buffets first major transaction since the pandemic, his company will carry 18% of all natural gas in the u.s., now gas prices are up 5% by the way. dominion meanwhile that transitions to appear play utility company, full stocks duke and dominion down 2.6% this morning. ashley: interesting. thank you very much, coming up in our 11:00 o'clock hour love

energy secretary dan brule on the show, be sure you stay tuned for that and will get his thoughts on the development for the atlantic pipeline and so many other issues. dan coming up in the 11:00 o'clock hour, keep fitzgerald still with us. you still have skin in the game when it comes to energy names, what do you like? >> the one i'm really focused on is in rage, we moved to natural gas at all, that places the old-fashioned supply and demand curve at work, the company was a great balance sheet, it looks like the yield is going to be stable and as soon as i can get some reification on that i think the stock prices will be good especially in income starting environment. ashley: a cautious fitzgerald on this monday, he says buckle up, we will see but as always, great stuff, thank you so much for joining us. now let's turn to politics in the race for the white house, joe biden taken the holiday

weekend to fire off not fireworks but certainly some politically charged tweets of the president, here is one of them. he says we are going to beat donald trump in when we do he won't just rebuild this nation, we will transform it. let's bring in steve cortez american for spokesman, what does joe biden mean by transform? >> i think it's important, we should quote, when somebody tells you who they are, believe them the first time, in the case of joe biden the corporate medir centrist candidate, he is not and we know that by his own words, he has told us who he is. i'll give you specific examples, he has promised for example that he will make all illegal migrants in the united states tens of millions. this in two, he will give anna

stevens citizenship and voting rights to them and he also further promises that taxpayer-funded healthcare will be provided to any and all illegal aliens in the united states, a couple of other examples he promises better overwork the fake hispanic congressman from texas the gun grabbing radical will be in charge of gun policy and is a administration and in a similar way he pledges the alexandria cause you cortez of the so-called squad, i call them the socialist spice girl that she will be in charge of implementing the green new deal which we know will wreck our economy particularly in this stage of recovery of the great american comeback in our country. his agenda is radical, we know this by his own words, pay attention and when he tells us who he is believe him. ashley: he has been writing to, take a look at the op-ed that joe biden road published on the fourth of july, it was titled trump erodes america's foundation, this fourth of july

i pledge to rebuild it, that was the title and in it he writes this, every day he finds new ways to dismantle our democracy, he has systematically gone off the guardrails of our democracy, the free press, the courts and our fundamental belief that no one in america, not even the president is above the law. is this going to be joe biden's mantra for the next four months? >> if it is it won't resonate with your american people, what will resonate speaking of july 4 is a joy for speech that we saw from the president both his speech at the white house and the night before at mount rushmore. we saw unapologetic reaffirmation of american ideals. he spoke with power and eloquence and persuasion that while her contract time has failed to live up to ideals and that is clear and we have to be honest about that, failing to live up to them in no way the majesty of america's principles.

i think when the president partially makes the case for american exceptionalism, that will be a winning message for the american people it is needed number one most important for our country but number two politically a winning message that will carry us to victory in november. ashley: it is interesting joe biden with more than 40 years in government i'm not sure what he's transform in 40 years. right stuff as always. i appreciate your time. let's take a look at the features. were expecting and i start to the new week the first full week of the quarter, the dow showing will start up close to 400 points, 26142. we will see how it works out at the bottom of the hour. meanwhile they approved they don't know the history after turning down a statue of frederick douglass. he was an abolitionist who escaped slavery, what does the president now say about these vandals, we will show you that

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ashley: let's get a quick check on facebook, they own a popular messaging service called whatsapp, is huge in europe and elsewhere around the world, they will not be processing hong kong police to request to use the data anymore, this comes days

after beijing passed a controversial and wide reaching national security law on hong kong, this was seen as a crackdown major on protesters, whatsapp saying you will not get the data. next up, let's check uber, the deal to buy outpost mates set in stone, the question is how much. >> a little over $2.6 billion, postmates is the smallest of the four food delivers, doordash being the biggest, uber e the second-biggest and grub hub number three, bought by europe eat take away by $7 billion for only after talks with uber, the emerge or talk broke down, consolidation expected to giving way too many of these players and no one is making any money delivering food, uber wants to get bigger when it comes to food delivery because it's been surging with sales up over 50% and the first three months and down 70% in may and postmates needs money so they filed for an ipo in case the deal fell

through but if you think about it it's a win-win for both. ashley: exactly, now we know it's for real. give very much. let's get back to the campaign, president trump will hold a rally in new hampshire this weekend, it will be outdoors this time, the trump campaign is rolling out safety precautions for all of those who plan on attending including apple access to hand sanitizer and they will be provided facemasks in are strongly encouraged to wear them. let's bring in mark, trump 2020 strategic communication director, great to see you. did you learn your lesson from tulsa? that's where i'm going with this. >> we gave away hand sanitizer and asked everyone in tulsa as well, this is not a change from us and we have always said we will follow the local guidelines encouraging masks, especially now that we are outside it'll be a different situation, were encouraging them to wear them because of something where

social distance he may not be able adequately maintained. ashley: listen to what new jersey governor phil murphy said about masks, let's roll that tape. >> we have gone to hell and we cannot afford to go through it again, we need a national strategy and it has to be at the core of that. ashley: the thing i find interesting is wearing a mask has become political and i want to know why. >> i think it's an opportunity for democrats to try to put their one side fits all liberal narrative to good use. someone on the farm in iowa does not need to wear a mask in the federal government should not order someone out in the farm in iowa or mountain range in montana to wear a mask. but if you do need in new jersey and if you do need it in manhattan then let those local decisions happen at the local level, we don't need a national mandate telling people to do something when they are not necessarily affected.

ashley: very good, i have another one for you. i got asking about kanye west, announcing his candidacy for president in a very trampy and way over twitter, here's the tweet from kanye, he says we must now realize the promise of america by trusting god, unifying our vision and building our future, i'm running for president of the united states -- flag of united states, #2020 vision. and if you want we have tesla elon musk. he says he is giving his vote to the chicago his blessing, you have my full support. so mark, the question is, are you feeling the heat of competition for mr. west? >> welcome to the race, if you want to get into it. our focus is entirely on joe biden, someone who absolutely stands right now against the

flag who has one of his leading vp nominees saying she would be open to a discussion about tearing down statues of george washington. that is the world that they want us to live in and it sounds like at least on this issue kanye and the president on the same page, we need to stand up for the flag in america and work together to improve it, not tara and burning down like the radical liberals in joe biden, their weak leader. ashley: the message in new hampshire, mark pretty much the same, obviously the economy is trying to make its way back, we had the virus flareups that what is the main message for the president. >> i think the best is yet to come and we can make america great again. the man who built the economy the first time, we birdie seen he's doing it again. but we need to keep another four years to keep it going, we had a tremendous setback because of the coronavirus and we can rebuild it, we are seeing the millions of jobs, seven and a

half million in the last two months, why on earth would you want to hand the keys over to the guy that led the slowest recovery since the great recession. since the great depression, that is not the leadership that we need to hear the presently into the message as we can. ashley: we will leave it right there, thank you for joining us this morning, i appreciate it. speaking of test on musk, look out these short shorts. they popped up on tesla's online store over the weekend and no, that is not elon musk modeling. clearly it is not but they sold out in minutes. >> at 69 bucks, and the red satin shorts as use all their selling out in just a few minutes pretty quickly, it probably looks better on the model than any hedge fund manager prepared the 420 cents or the 420 since reference the $420 share price that elon musk was seeking back into thousand 18 and the sec later sued him for the tweet with the funding

secured one but it was over like 41000 times that broke tesla's online order because it was unable to process any orders and the short-sellers, the hedge fund investors that are betting that tesla's stock will fall and he says a box of shorts due back in 2018, if we can quickly bring up elon musk's tagging this morning, he is calling himself a budgie smuggler in reaction. >> we won't get into that. yes i think it is, we will leave it right there pretty good stuff. thank you very much. as we head towards the next break, after the break we will have the opening of wall street and what a way to start the week without going will be up, 362 points. we'll be right back with "varney & company" ♪ ♪

♪ ♪.

ashley: that was from the roadway smash met hamilton, the future film and released to disney+ 64 million subscribers, let's bring in jeff, he is perfect for this, he is one of the top streaming guys and by the way a producer. this can be a game changer, the film testing for theaters rerouted to streaming shot, i woke up this morning excited as can be that this brand-new road has been opened up to broadway. what it did for disney is unparalleled, they had 54 million subscribers, they probably got a ton of subscribers off of this because you cannot get it in the free subscription, they had to sign up, this is a major thing

because you have so many people who cannot go to the shows, they don't live near broadway, the tickets have gotten outrageously expensive, this is bringing great creativity to the masses. ashley: we have about 45 seconds before the market opens, a lot of momentum on the market, it continues to move higher despite the spike in virus cases, are you bullish on the market right now? >> i think for me at this point, i'm not a complete bear, i've been buying stocks, i know the fed drives up prices, but if you made 50% in 50 days or whatever people are doing, i think it's time to look at the fact that there has got to be gravity that takes a hold to this market as some point and a pullback, it has been on fire and i think there will be a day of reckoning where the economy is going to align itself at the market.

>> that's an ominous term, the day of reckoning. we will wait and see, keith fitzgerald, to stay there, we will be coming back to you as a start the pricing we hear the bell and we will start up a new week and it looks like it is being open, the future saying we will start off very strongly across the board, the s&p and nasdaq have been up for straight sessions, let's get going and take a look at the dow as a trade start to come in for a new day and there you go, almost all green, intel slightly down as you can see in the bottom right-hand corner but the open tree 65 for the outside of the dow, that is 26189, let's take a look at the s&p for straight sessions higher, 11 sectors on the s&p by the way thursday were higher, it's pretty broad-based again up one and a third% in the fairly early going, that is 3172 and another all-time high that continues to do almost every day, the nasdaq of 154, 10363,

i'm talking about nasdaq, showing you the big tech names in record territory once again, let's take a look, first microsoft up another one and a quarter% at 208, show me amazon if possible, they have been nine straight winning weeks as we discussed with susan, up again 52 bucks, honing in on 329,400 and tesla again soaring on the sale of the short shorts, has to be that, up another 5%, an all-time high, 1268 on tesla. last time i will say short shorts. uber clinching the deal to buy out food delivery driver post mate, we know it's an all-star bill around $2.7 billion, uber up another 6% on that. what about facebook, they own the popular messaging service known as whatsapp, it is no

longer polite with police and protesters in hong kong and the request for user data, that stock -- facebook stock up modestly another book 62, 235 for facebook. regeneron, another biotech firm, they are launching phase three of their virus treatment trials, that is less than a month after they started fast talking that, regeneron up another 12 bucks up 2% at 634, what about boeing, 737 max jet is on its way back to the skies and susan the next recertification test flight could be this week. >> yes if all goes well the faa could lift the order grounded all 737 maxes last march and that could be lifted as soon as the september and this might mean the three 737 could fly passengers at the end of this year, there's a lot that has to happen between now and for that to happen.

that includes recertification test that's part of the process and that takes places week and also three days of flight tests are performed last week and what their testing continually is a software fixes on the in-flight autopilot on the system which is blamed for the two fatal crashes in indonesia and ethiopia the ground and 3037 maxes but we know the retesting and the recertification process has stops and starts many delays through the end of the year timeline to get them back into the sky, it might be a bit too optimistic but we had a rally and boeing shares the last two weeks on hopes of the 737 max to fly once again. ashley: indeed, what a long winding road for boeing. thank you. sticking with airlines, checks. airlines, watch this a passenger removed from a flight to florida, why for not wearing a mask. what happened? >> the trials of stimulation of flying during a pandemic. a man was flying spirit and he

got on the plane by wrapping his head scarf around his face and then he took it off and he refused to put the covering back on on his flight on friday from laguardia to fort lauderdale. that's in violation of spruce policy. some passengers were sharing video that showed police confronting the man reportedly they arrested him, other video showed all passengers had to get off the plane while this incident was handled. in the absence of a federal law on face coverings while flying carriers have to take matters into their own hands and police it as they think they should. can you just imagine everything that you do right now to keep herself safe while you are flying, getting on a flight and tina delayed her having to get off the flight because the other passengers won't wear a face covering. it adds to the headache if you will. ashley: it does indeed, just a nightmare, let's bring jeff back in.

isn't this going to be a continuing problem for the airlines, stu often talks about confrontation, people refusing to do things and other passengers in this case saying put on your mask, your thoughts, what can airlines do? >> people have to travel and they've done a pretty lousy job of keeping people comfortable, detention levels are now so much higher on airplanes because of the mass controversy but for my opinion, they have to make the role and they have to enforce the rule because if they don't, you're going to have the passengers themselves taking matters into their own hands which creates a chaos that nobody wants to deal with when they're in a miserable experience to begin with. ashley: it is complete chaos. an absolute nightmare. check spotify, it's been getting a lot of attention from wall

street. you could call this stock a lockdown winner. >> the risk hedge trader says this is a hall of famer class for spotify among the likes for netflix, he says facebook and alphabet which is the parent company of google he said spotify is becoming a monopoly in the audio industry in the same kind of like what facebook did was social media and amazon did with online shopping and what google did with online advertising. not what everyone agrees, i was looking at the analyst calls and they downgraded the stocks calling it a sale at the end of last year and spotify could fall 37% from the levels because they will not ever make money paid $100 million to josh rivkin and joe rogan and his podcast. that is exactly where spotify shifting towards right now. ashley: interesting, big hefty bills. thank you, a quick check on the big board, a very nice positive stock for the week, no doubt on

this monday the dow up one and a third% of 341-point around 26170. not bad at all, let's take a look at the ten year yield, the treasury if we can, let's see what that's doing, up two basis points, the ten year 0.693%. what about the price of oil that has been struggling to get above 40 bucks and is down 35 cents, right at $40.30 almost on 1% for crude. let's take a look at gold and will bring back and just, gold is at 1797, up another seven bucks. you've had a hard time finding gold to buy for your clients but you think you can go to 2000 per ounce this year? >> yeah, here's the thing a lot of people mistake gold with the etf, that is not gold i'm talking about physical gold, when people see the world in

chaos, they want something tangible. and gold has proven to be tangible. yeah a lot of people running out to the physical gold market trying to buy bigger quantities than i have ever seen individuals who want to own gold, it is not getting small, it is getting the big allocations and gold which a lot of people want and i think that will continue, here you have an asset that is performing extremely well, why not invest time. ashley: why not, 2000 shares, great stuff as always, thank you for joining us today much appreciated. quick programming this thursday, fox business neil cavuto will be hosting the next america together virtual town hall in the special guest bob, this should be good, send your questions to invested in you at foxbusiness.com for your chance to be featured on the show, will be talking about the housing

market, very important issue. moving along the media wasted no time trying to negatively spin president trump speech of mount rushmore, you should just take a look of some of the headlines for yourself and it did not stop there and on the fourth of july growing criticism, will show you later in the show. a century for statues, they try to tear down the nations histo history, one town in ohio is offering unwanted statues a safe space, coming up the state attorney general. the next guest thanks testing will help us contain the virus and help restart the economy, we will discuss it, keep it right here on "varney & company". (vo) at audi, we design cars that exhilarate with versatility,

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vaccine that will stop you from getting very sick from the virus. you may still get a mild disease but you won't get very sick. also one that we need to get every year. ashley: that was harvard doctor saint he is optimistic that we will indeed get a coronavirus vaccine by early 2021. give me the very latest on the race for that vaccine. >> 145 vaccines are under development in laboratories around the world, 13 are in human trials, that is encouraging. and that is a potential vaccine. scientists and officials are optimistic as you just heard, we will have one ready by early next year but two questions remain, will people take the vaccine and be as you heard in the soundbite, how effective will it be and how often do you need to get it, it is encouraging but it comes to the caveat in the effectiveness of

it. ashley: yeah but 145, surely one of those will be one that does the trick. thank you very much. let's stay on coronavirus let's bring in paul, the former chief of communist at the world bank, great to have you. you say that pooled testing, that's when you tested a group of people all at the same time is the most effective way forward, trying explain if you can. >> when you test one person right now you get a sample and you put in a little while and run into the machine and the machine tells you yes or no was there a virus in the file, pull testing means you get ten people samples or 20 or maybe 50 people samples, put them in the vial, run it through the machine and the machine says yes no, there's virus in the vial, and most of those people most of the time all of them don't have the vir

virus, you get a negative and you know they are all clear, if you get a positive you have to go back and retest and figure out who is the person has a virus. but this can radically speed up the rate at which we test people in the number of people we can test. ashley: does that mean we maybe can open up greater capacity, so hard for small businesses especially restaurants even when they do reopen the most they can open up his 50% capacity. >> that is exactly right, think about your story about flying, what if everybody going through tsa did a test and the only people you had on the plane were people who were negative, then you would not have to worry about all the nonsense about the masks and so forth on the plane. >> exactly. >> you can't say you can't get a reservation on the shiva negative test within 48 hours. the test could help us speed up opening but do it safely.

ashley: it makes sense, i am with you. let's talk about if we can the economy in general, do you see a v-shaped recovery as some have said and others calling for a more w which is more of a bumpier road back. >> we had a very sharp downturn and then some recovery in the last month or two so it looks v-shaped in the beginning, what we don't know is what's going to happen this fall or next year. and even if we do not have another big setback like a lockdown, it is going to take a long time to get all the way back to where we were before the pandemic hit, the cdo estimates it will take until 2028 to get back to where we would've been in the absence of the pandemic. ashley: 2028, here we are in 2020, so the cdo is saying eight

years? >> yes. ashley: oh my goodness, that's not exactly optimistic but anyway, great stuff. interesting. hopefully it is sooner than eight years from now. we need to move on, we have breaking news on dakota access pipeline, what do you got? >> this is about 1200 miles of pipeline that basically delivered the oil to an illinois terminal and the issue is a district court has ordered the dakota access pipeline to be shut down, not only shut down but emptied as well within 30 days, that deadline is august 5, here's the reason they want to link the environmental review to take place for two made under native american tribes because of the pipeline, the pipeline cost $3.8 billion to build, it's been operating for three years, and must be shut down and emptied for this district court

judge, one more thing we did a story in the last hour of due condemning and canceling their $8 billion pipeline, this is the reason why, the regulatory risks that come with in the lengthy delays. ashley: we will talk to energy secretary about the very issue in the 11:00 o'clock hour. good stuff. thank you very much. a new poll finds 60% of people are not ready to start dining out again. so does that suggest we will see mass closures despite efforts to reopen, we will get into that issue and also take a look at microsoft, my next guest says that will be the real winner in 2020 and she will make your case next. businesses are starting to bounce back.

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ashley: check microsoft, it has just hit another all-time high. [laughter] why not, play the trump, here is microsoft enough with the trump, were killing it, i sa sold thatt 159 and thought i was a genius.

paul stewart got out of microsoft to early after owning it for years, no one will rub it in a little bit more about our next guest says microsoft is a real winner and 2020 let's bring in the tech stock analyst, good morning, make your case on microsoft. >> thank you, when i think about the popular saying microsoft is clearly missing from the acronym, cloud software has led us out of the selloff in march and i think any portfolio without cloud software would be remiss not to have cloud software in your portfolio, the common denominator is actually called infrastructure which is where microsoft leads. when you think about all these popular software do service names that have led us out of the selloff, they are funneling into cloud infrastructure which is where microsoft sitting perfectly. ashley: they are indeed, i want

to move on and talk about roku, that stock has doubled since the low in march, are you bullish on roku? >> i remain bullish on roku, it owns operating systems, the added exchange, the platform, when you have that stack is a very powerful place to be, we saw that recently with peloton, i think you will see more and more apps choose route through and every ad supported option which is above and beyond any other option out there right now. ashley: what about 30 seconds, how about netflix, pandemic lockdown winner for sure, it's a very competitive market. >> netflix is above and beyond the leaders, it will be very hard for disney or apple to catch up in the way that i look at this, disney is very weak, their theme parks closed, will they be able to put the weight in to capture all the viewers that are coming online with ott right now, netflix also has

market corner because they have a lot of content, they spend $15 billion on content and are sitting on a pile of content in hollywood is kind of slow and a lot of other studios are not able to produce content, netflix is standing really good right now. ashley: short into the point, just how we like it. thank you so much for joining us. much appreciated. we are just getting started this morning, still ahead we have the host of "the next revolution", steve hilton will be a long, secretary of energy dan brule and former white house chief of staff mick mulvaney. keep it right here with "varney & company". ♪ or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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ese are endorsened bedaarp.aacoy pplementlelansnsns re areut w y shsh choshosanosarosp caoday for a free guide. ♪. ashley: welcome back, everybody, it is 10:00 a.m. here in new york. here is where things stand right now. check that out, green across the screen. yes the nasdaq hit an all-time high earlier. the dow up 444 points now. the nasdaq, as we said hitting another record up nearly 200 points at 10402. s&p up half a percent. yes, big tech names you know and love, amazon, microsoft, tesla, all in record territory this monday morning. check that out. look attest is a up another 7 1/2%. up 92 bucks, $1301 on fest la.

wow. we're getting the latest read on services. susan li with the number. susan: blowout, 57.1 in the month of june. much higher than the 48.9 than economists looking for. what do they mean? anything over 50 means expansion. anything below 50 indicates shrinkage and retraction. this indicates we might have getting a v-shaped recovery after covid-19. non-manufacturing, much more important in these days, reporting to recovery in the u.s. ashley: wow, that is a blow out number. susan, thank you very much. our next guest says despite two consecutive months of positive economic data we're still looking at a, one of these, a w-shaped recovery. let's bring in danielle dimartino booth, former dallas fed visor. we got the latest services number, danielle. are you still making your case

for a "w" recovery? >> it is mathematical we have to see these massive rebounds. i'm surprised we didn't hit the 60 mark in services. it is simply of the impulse of reopening. we have to see the massive numbers. it's a question of foal-through. we have permanent job growth rise by 2.8%. which is faster pace than any month during the great financial crisis and hit the same level as what we saw in september 2008. we're talking about permanent job losses in the june jobs report. those are things that concern you. these are not furloughs or temporary in nature. they're permanent. ashley: right. now i'm going to bring in politics if i can. i want you to listen to what the white house top economic guy larry kudlow said about rolling back president trump's tax cuts. listen to the tape. >> i'm hearing other people on the other side of the aisle talk about major tax increases to roll back to the trump tax cuts.

to roll back the regulations for a government takeover of health care. for a "green new deal" that will absolutely destroy consumers and traveling and our leadership in natural gas and oil. there is se nutty things out there if they come into place, it is going to be disaster for the stock market and the economy. ashley: well there you have it, danielle. i guess my question is, how would a joe biden win affect the markets in november? >> you see a lot of volatility in pricing when you look further out using the futures market around the november area. there is certainly a lot of concer we would see higher tax rates going forward. heaven forbid we see increase in regulatory apparatus that disappear in the post obama years that has been business-friendly in the united states. there is no small degrief anxiety, because of less business-friendly, less entrepreneurial, higher tax rate

regimes that the market would begin to price in. ashley: yeah. i think the big difference would be the democrats take the senate as well as the house, have a, biden as president, that way i think the markets will really take a hit. if there is still each house of congress run by opposing parties, maybe that is not as bad for wall street. we'll find out soon enough four months from today is the election. danielle as always, thank you so much for joining us, much appreciate it. >> thank you. ashley: take a look at boeing if we can. next government test flight of the 737 max jet scheduled in the coming days. trying to get the plane back in service, boeing up in a nice bull market this morning. boeing up 185, up another four bucks. let's take a look at uber if we can. they reached a deal to buy postmates for $6.5 billion. all stock deal, uber up on the news, some 5 1/2%. up to 32 bucks for uber.

staying on uber, by the way california is planning to reclassify uber if that is right, lyft drivers as employees. this is a big issue. susan are planning to do that? susan: offer price of $45 a piece. california planning to file the court documents that could force uber and lyft to reclassify their drivers as employees within the next few weeks. the state's attorney general is looking, they're looking for this preliminary injunction against uber and lyft which if a court agrees would force them to reclassify almost immediately. that means they have to start paying their drivers minimum wages, benefits and vacation as employees and not independent contractors. uber and lyft says if the bill ab-5 is forced through, it will result in hundreds of thousands of drivers losing their jobs. california government meantimes argues uber, lyft, gig economy companies are shifting

responsibility of paying benefits on to the state, taking them from government covers. uber has been avoiding the ab-5 injunction by countersuing and lobbying for the second ballot on the issue to reclassify which these gig economy companies not just uber, lyft, but door dash and postmates of the world will go in the company's favor. ashley: otherwise a huge hit to the bottom line no doubt. susan, thank you. let's take a look at grubhub. the food delivery company is planning to merge with a european delivery service. lauren, which one? lauren: just eat takeaway, which merged this year. biggest food companies in the delivery market. values grubhub $7.3 billion. the stock is up 2.23%.

the major companies are looking to merge in order to safe. uber, postmates had negative operations now joining forces. now you have just eat and grubhub. what is particular they use limited network of their own drivers. they rely making money in the cuts the restaurants pay them to advertise on their sights. door dash, is number one industry leader. they have a 37% leader and everybody is trying to compete with door dash. this is the latest. ashley: they are. lauren, thank you very much. now this, in the last hour we spoke to the trump 2020 team about masks and whether or not the president will wear one. roll tape. >> well i think that it is an opportunity for democrats to try to put their one size fits all liberal narrative to good use. look, someone out on the farm in iowa doesn't need to wear a mask. the federal government shouldn't order someone out on the farm in iowa or out on the mountain range in montana to wear a mask. if you do need it in new jersey,

if you do need it in manhattan, let those local decisions happen at the local level. ashley: local decisions, local level. masks turning out to be a big issue for the administration. another big campaign issue is protecting monuments. roll that tape. >> we are now in the process of defeating the radical left, the marxists, the anarchists, the agitators, the looters, and people who in many instances have absolutely no clue what they are doing. we will never allow an angry mob to tear down our statues, erase our history, indoctrinate our children or trample on our freedoms. ashley: strong message from the president. let's bring in brad blakeman. former deputy assistant to george w. bush. brad, is this issue a winner for the president?

>> sure, sure is. the economy is the number one issue that will decide this election but also the people are going to be thinking about their safety, their history. you know we have to preserve our history warts and all, the good, the bad, and ugly. that is only way we learn from history. we can't pick and choose our laws. we can't pick and choose the history we wish to accept to teach our children. so i think it's a winner. why? because it is the right thing to do. ashley: another one for you, brad, president trump's speech at mount rushmore got a lot of criticism from the left. listen to this. we'll have you comment on it. roll the tape. >> he spent more time worried about honoring dead confederates than he did talking about the lives of our 130,000 americans who lost their lives to covid-19. his priorities are all wrong here. >> this is wartime conservatism. belief conservatives at war trying to protect the country but i don't think this speech

made any sense. ashley: huh. check out this headline from the morning times. very quickly, brad. trump uses mount rushmore speech to deliver divisive culture war message. i think you can argue that war was begun on the other side of the aisle. brad, is this just trump derangement syndrome? >> oh, yeah. now it is terminal. president trump's visit to mount rushmore for july 4th was planned long before any of the social unrest that we've seen around america, mostly in democratic cities that are run for generations by democrats. look, donald trump could have recited the constitution and it wouldn't have been good enough for the left. they don't like donald trump. they think they can hate him out of office. in america we don't hate the presidents out of office. we don't run them out of town. we vote them in, or vote them out. democrats cannot cede that. they tried to thwart him in

2016. they are trying again. it is not going to work. the reason being the president is a disruptor. he is disrupting the establishment. he is working for all americans. if you give him the benefit of the doubt, sit back and look at his accomplishments. he had wonderful accomplishments despite the adversarial attitude by his enemies and the hand he was dealt. ashley: you know what, the hypocrisy, when president obama visited mount rushmore, it was called a majestic scene, a majestic setting. now that donald trump visits the site it is a site that has two presidents who were slave owners on land wrestled from native americans. the hypocrisy and the one-sidedness is a joke. >> right. look, hour nation was founded by imperfect people seeking a more perfect union. ashley: right. >> we're now more perfect than we were then but we are better. we strive to be better every day. not by tearing down history, fighting for rule of law, fighting for principles and

freedom for all americans. you can't in america today have it both ways. either you're with us or against us. either you stand for the rule of law, or you stand for our laws and our constitution or you don't. ashley: or you don't, yeah. simple as that. brad blakeman, great stuff as always. thank you for joining us this monday morning. thank you. after delays and legal battles, dominion energy and duke energy are calling it quits on the atlantic coast pipeline. dominion energy energy secretary dan brew let is with us. ohio, ag, dave yost is on the show next he is planning to take gm to court if the state doesn't get its money back. by the way, car dealerships are extending their 4th of july sales as desperation to ship

inventory kicks in. jeff flock is in auto dealership in chester, indiana, next. we'll see what kind of deals jeff is finding. second hour of "varney & company" is just getting started. ♪ polo! marco...! polo! sì? marco...! polo! scusa? marco...! polo! ma io sono marco polo, ma playing "marco polo" with marco polo? surprising. ragazzini, io sono marco polo. sì, sono qui what's not surprising? geico helping you save even more on car and motorcycle insurance. ahhh... polo. marco...! polo! now get an extra 15% credit when you switch before october 7th.

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♪. ashley: welcome back. let's take a look at the markets. the upward momentum continues losing a bit of steam. we were up close to 450 points on the dow. still up 328, nothing to be sniffed at. nasdaq has been in record territory again this morning. up to 10397. the s&p up 1 1/3%. a solid start to the trading week. let's look at nikola, the

rival to tesla. its founder, trevor milton is urging shareholders to leave a facebook group. lauren simonetti with the story. what is he accusing the group of doing, lauren? lauren: lauren: testify more milton is urging shareholders leave the group because he says it is becoming a forum for stock manipulation. that they are hired hands used to stoke fear. sounds a lot like tesla's elon musk and his attack on short sellers. it debuted in june at ipo, $34. it is up tremendously, 58% since then. it is seeing interest in the battery powered truck. customers are putting down $5,000 even without seeing a prototype. the question is can trevor milton deliver. like they questioned elon musk in the past? can they deliver what they say

they can do in this brand new technology. now you have the nikola founder attacking people who he says are paid, not legit on facebook who are trying to short his stock. ashley: yeah. sounds familiar. oh, yes, you're right, elon musk. lauren: yes it does. ashley: lauren, thank you. now this, general motors closed its lordstown, ohio, plant in 2019. now the state's attorney general is demanding the carmaker pay back the 60 million bucks in tax credits it got after promising to maintain its operations there. food time now to bring ohio's attorney general dave yost. mr. attorney general, you're planning to head to court, right, if gm doesn't pay that money back? >> that's right. there is a couple of steps that have to occur legally in the interim. we're ready to go to court. we didn't get the benefit of our bargain. those jobs are gone and in the

valley and we spent $60 million to have them there through 2040. ashley: what's strange about this, surely, wouldn't general motors have known that even if it was in the small print, that part of the deal in getting these tax credits is that they maintain the operation of the facility? it seems, almost like, you get the money because of you're going to keep operations going and they shut it down. to me it is very flagrant? >> well they're arguing market changes that, there is other fine print and the contract and they're claiming, look, nobody is buying small cars anymore. so we clearly can't make small cars at lordstown. our argument is, fine, retool, make some suvs there if that is what you're going to do. ashley: right. >> or close someplace else. but we gave you $60 million not to close the plant here in ohio. ashley: when was that agreement

made? >> 2009 and most of the tax credits were frontloaded. so they got the benefit of their bargain but once again, mahoneing valley area gets left holding the bag and we want our money back. ashley: so far what reaction have you had from gm? >> well, they have put a filing with the ohio taxing authority laying out their argument which includes, gosh, there is this covid thing and we've done stuff to ameliorate covid so give us a break. the covid epidemic, pandemic happened more than a year after their decision to finally close and two years after they started scaling back and cutting those jobs. ashley: could be headed to court. by the way we reached out to general motors but have not received any comment as of yet. i want to move on to our next subject, if i can. this is to do with statues

around the country that have been taken down amid all the unrest we know that, but a town in ohio, called newton falls, offering to take unwanted statues from other cities. what do you think about that, mr. attorney general? >> well, i suppose statues these days like everybody else needs safe place. i guess it's remarkable that some of our small towns are more open-minded and tolerant than some of our big cities right now. ashley: yeah. yeah. amen to that. great stuff, attorney general dave yost of ohio. thank you for joining us this morning. we much appreciate it. >> thank you, sir. ashley: thank you. breaking news from the supreme court. the justices have unanimously ruled to uphold the electoral college. the court saying that state delegates must back the winner in that state this follows a push to abolish the electoral college after hillary clinton won the popular vote in 2016.

the court says, it stays. get back to cars if we can. dealerships extending july 4th deals as they try to recover from of course big sales declines because of the pandemic. good time now to go to jeff flock who joins us. jeff what else are dealerships doing to try to get those cars off their lots? >> well, it is a kind of a perfect storm for them, ashley. i got a deal for you in just a moment. stand by first to show you the f-150s there, just in honor of stuart, he can't be here, we'll at least show his vehicles. this is ford but everybody took a hit as you know in q2. take a look at the numbers. ford was actually the smallest loser but not by much, 33% down ford. gm down 34%. toyota, these guys sell the most cars in the u.s., they all took a hit. not as much from retail and of course fleet sales and used cars, rental cars. man, that has fallen out of bed.

they didn't sell too many rental car fleet sales as well. here's the deal for you and maybe it works for both you and i. we have a profession because you're never sure if you're working tomorrow, right? ford has a deal, ford promise, if you get canned unexpectedly, buy a in the next three months, they will take it back. look at the fine print. of course there is always fine print. the deal is, you have to buy it before september 30th. you have to buy a 2019, 2021 vehicle you have to buy it from a dealer and finance through ford motor credit. if you finance and in a year you're, take your car back, but not make you pay anymore. not bad deal. i may invest in that. ashley: always good to be cautious, i guess. but that is not a bad deal,

actually. that is a sign of the times for sure. jeff flock, fascinating stuff as always. talking of automakers, the ford bronco is back. of the iconic truck returning after a quarter of a century. let's not forget it was also the infamous getaway vehicle for o.j. simpson in his highway car chase. can they dust off that image? i will be asking ford coming up. first the u.s. is showing off its firepower to beijing over the weekend, launching jets and surveillance planes over the disputed south china sea. does this mean a confrontation with china is brewing? we're on that story next. ♪ ♪

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♪. ashley: take a look at the markets on this monday morning. as you can see up across the board. the dow up 286 points, off of session highs. we were up close to 450 points earlier, but nevertheless a solid start for the s&p and nasdaq as well on this monday. take a look at regeneron. those areas are moving higher up

1% at 628. the company is launching its phase three trial of its covid-19 anti-body treatment. the stock is up close to seven bucks this morning. now this, over the weekend the u.s. flexing its muscles in the disputed south china sea region launching jets, surveillance planes, helicopters. i think a b-52 was included in all of those military exercises. let's bring in christian whiton former state department official. christian, is there a confrontation brewing with china or is this more sabre-rattling? >> this is more a show of force. navy has only 11 activecare yes, sir. the one is in overhaul, the rest are in port. to get two carriers in the south china sea or near there is big deal. the taiwanese suffered incurrings in their air defense identification zone from china.

south korea, vietnamese are concerned about china. this is show of force. this proved its point. the global times, one of china's many government mouthpiece, that the u.s. carriers are only allowed at the pleasure of chinese. u.s. navy tweeting that, here we are. we don't need their permission to perform freedom of navigation which is what the navy is doing. ashley: another one for you, christian. protests in hong kong continuing over the weekend. the first person charged before the national security law appearing in court today. listen to what larry kudlow had to say about china and hong kong. roll that tape. >> taking hong kong's freedom away is a global event. it is sending a message that china cannot be trusted. that china is not, never going to be a free country. it moves in exactly the wrong direction. you know we'll have a g7 meeting later in the summer here in washington, d.c. and the china

story is going to be front and center, it is not just us. europeans are displeased. canadians are displeased. indians and japanese are very displeased so we'll be talking about that for quite some time. ashley: christian, this has been a thorny issue certainly. how does it play out, the hong kong issue and beijing's continued incursion into hong kong? >> ashley, you will see a smoldering dissent movement in hong kong. this essentially does i have a way with hong kong as sort of like a west berlin inside the enemy's camp if you will. it makes it more like frankly poland under martial law. freedom is essentially receded. the front line is now taiwan. it is no longer hong kong. xi xinping for all of his strong arm tactics violating the joint declaration they had with great britain, violating the basic law, taking away one country, two systems promised to hong kong until at least 2049.

breaking those international agreements. that is sort of all done with now. going beyond what kudlow says, this really calls into question whether hong kong can continue to be a financial center. they said, don't worry, we're just going after the protesters, not financing. that is impossible to do. they will chase media out of town. put out an annual report and criticize economic conditions on the mainland. someone says that is unpatriotic and violates the national security law? frankly one place in the world where commercial real estate will be high demand is singapore as finance companies flee hong kong for other places. ashley: it does feel like the u.s.-china relationship is taking a bit after nosedive. how does this impact the trade deal, the overall trade deal, we're still kind ever puttering around with phase one? it doesn't bode well, does it? >> it doesn't. it is frankly starts to be a little odd the president hasn't recognized this is dead. he wants some agricultural

purchases that the chinese have promised. they haven't fulfilled their obligations up that, not by a long shot. frankly if you rip the bandaid off and recognize this trade relationship is going south, why not do it now it will get lost amid all the economic, turmoil behind us. we're now in the recovery. i think you will see a strong up swing. if you shave a quarter point mere or there off gdp because of the china deal, just do it. but i think the president probably wants to wait until after the election. ashley: yeah. i think you're right. we'll have to leave it right there. christian whiton, great stuff as always, talking about china and the on going issues. christian, thank you very. appreciate it. >> thank you, ashley. ashley: thank thank you. we want to stay on hong kong if we can. facebook's whatsapp suspending a law that allows law enforcement to request user data. susan li, this is all response in again what we were talking about with christian whiton, the national security. susan: not just the messaging service but now the main facebook platform itself. we're talking about the national

security law and that's what is causing all this confusion and concern. the national security law means, police can jail hong kong residents without any input from the city. this law means china can govern and supervise hong kong's internet freedoms which facebook is taking another look at. they're taking the initiative, saying their suspending passing over any user date to hong kong government requests on the facebook platform and whatsapp itself. they said they need time to review the national security law and its impact on human rights. many democracy activists deleted their social media accounts last few weeks for fear beijing would use an excuse to arrest them in the future and possibly jail them. a lot of asian watchers, you heard christian whiton, says the imposition of national security law marks the end of the hong kong's independence and violates the term of the 1997 handover to britain. facebook, though freely operates in hong kong it can knot operate

not operate in main land china. ashley: good stuff, susan, thank you very much. price of oil is unchanged, 40.$65. that is all on tighter supply. maybe hopes of better economic date it which would ramp up demand of oil. plus u.s. crude is easing the global glut a little but susan, are oil prices recovering? lauren: wti pushing towards $41 a barrel. there are two main forces the investors are wary of. bearish case that folks will hunker down again, restrict their movement amid a spike in coronavirus case case. that is a concern. it is not reality yet. img bank looked at traffic data for some virus hot spots, they did not find a significant reduction in traffic. let me give you the bullish

case. many companies shutting in their wells, taking supplies off the market. that pushes the price up. if you look at 11 weeks from march, before the pandemic, to last week, u.s. production fell from 13 million barrels, a near record, to 10 1/2 million barrels a day. that tumble marked the biggest drop we've ever seen. plus there is opec plus. they're cutting production. that has been pretty supportive of higher prices. ashley: yes it has. all right, interesting stuff. thank you, lauren. the atlantic coast pipeline by the way has been called off after years of legal disputes. energy secretary dan brulee blames it on activists. he join us next hour. department miss it. indoor dining was set to resume today in new york city. can the industry survive on outdoor dining alone? we'll ask that after this.

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ashley: welcome back, everybody. earlier this hour we spoke to ohio ag dave yost who wants general motors to pay back $60 million in tax credits from the state. gm by the way has since responded, here is what they have to say to this issue. let's give you the quote. it says gm has demonstrated its economistment to ohio through our investments of more than $3.3 billion in ohio since 2009. separately, gm and lgkem are investing 2.2 billion state of the art manufacturing battery sell plant. the manufacturing plant will

play a critical role in gm's commitment to all leching tick future. we look forward to continuing our dialogue with the state of ohio. in response to the gm should pay back $60 million in tax credits after closings down the lordstown facility. there you have it. a very strong start to the new trading week. take a look at the dow, the s&p, nasdaq, all moving nicely higher. all up more than 1%. the nasdaq again hitting record territory this morning. right now at 10,401. good for about a 2% gain. now this, a survey of restaurants in new york city found that 80% were unable to pay their rents in full in june. 36% paid no rent at all. this of course all because of the pandemic. plus, a new "harris poll" found that 60% of people overall are just not ready to dine out yet, despite a flattening of the

so-called virus curve. they don't have the confidence. so now, today, we're supposed to be the day when indoor dining could resume here in new york city. it was supposed to be. mayor de blasio and governor cuomo agreed to postpone that plan indefinitely. of course that is spelling even more uncertainty for restaurant owners. so let's bring in now, joseph smith. he is the owner of buffy man's steakhouses. they have restaurants in desee, philly, here in new york. joseph, can you survive with outdoor dining alone? >> ashley, nice to see you. thank you for verying me back. we can't in any way survive on outdoor dining. we're a fine dining restaurant. you are not coming to my restaurant to sit on the sidewalk? in a suit in 90-degree deal, making a deal or

transact business, with garbage trucks, buses, taxicabs going up and down the street bumping their horns. there are 90 different kinds of restaurants in new york city. we're blessed with everything from hamburgers to fine dining. the upper east side, upper west side are, they are doing great business. they're doing their side walks. they're doing the streets, parking areas, taking over. midtown, where we are, and on broadway, where we are, wall street, we are, there there is nobody in those buildings. the hotels are closed on the west side. the theaters are closed until january. i went up the street to a place called san pietro on thursday, a fine dining restaurant. they had three customers in three hours. the mayor wants to close the restaurants but opens the swimming pools. there is two different things going on here.

we collect taxes for the city, sales tax. we employ people but yet we're getting no help at all from the city. ashley: joseph, how are you surviving? now that this indoor dining plan has been suspended indefinitely, i mean where does that leave you? >> well, right now we're in a state of limbo. we don't know whether we're going to reopen or we're not going to reopen because, we're taking loans, but those loans have to be paid back personally. so if i am to take all these loans i will be in debt for 30 years. we need help from the government. my landlords -- to them, they have been cooperative. they have tried to help me the best they can but they also have mortgages to pay. ashley: yeah. >> it is going to be a lot of restaurants that will not reopen and they will be the ones that are from the 30-dollar an entree

and up and mainly in midtown. the upper east side, as i say, there is a lot of singles live up there, so they were dying to get out. they were locked up for three months. best they did was rattle pots and pans at 7:00. now out by force and social distancing and masks, sometimes, sometimes, not but, we need help from the city. we don't need swimming pools. we need help. financial help to get the doors reopened. ashley: very quickly, joseph, what about your employees? they're in limbo. how are they surviving? >> they are having a very, very rough time. some of them are not even collecting unemployment because they can't. some are $600 runs out they will be in big trouble. big trouble. and they're the ones that pay taxes. they're the ones that help create, collecting taxes, but the city doesn't care.

ashley: right. right. listen, we thank you for taking the time to come on. obviously not good news. we wish you the very best of luck and we'll stay in touch and hopefully you can get up and running very, very soon. joseph smith. we wish you the very best. thank you. >> bye. ashley: let's take a look at trip advisor if we can. the ceo says a lot of people are shunning the south and west as virus cases rise there. i guess that is not surprising. of lauren, where are people looking to vacation then? lauren: here in the north. more people are booking trips, that is the good news, ashley. but they're changing where they're going and often changing that at at last minute. let's listen to the trip advisor ceo himself. >> yeah. so if you look at the traffic on our site, we have hundreds of millions of visitors on trip advisor each and every month. if you look at the top searches and i think five or six of the top 10 a couple weeks ago, were all wonderful southern beaches, texas, arizona, florida, great

places to go but that switched. everyone is moving, essentially up north, away from all these hot spots, which is totally understandable. lauren: and remember when you come here you might be asked, why aren't you self-quarantining, but bottom line, ash, flexibility is key. that is why so many people are filling up the gas tank and driving somewhere that is a short distance away. ashley: it is the year of the road trip no doubt. lauren, thank you very much. tsa checkpoint by the way travel numbers continue to inch much higher this holiday weekend. that is a good sign. it tells us people are out and about. here is another positive sign. us air carriers, reporting higher booking numbers. by the way american airlines is now booking full flights. united is selling as many seats as possible. we'll have that story. but first, remember this? infamous, 1994 o.j. simpson car chase? it played out on tv screens across the america and the truck

he did it in was a ford bronco. well after more than 20 years, guess what? ford is reviving the bronco brand. we'll have all the details for you right after this. ♪. i'm a performer. -always have been. -and always will be. never letting anything get in my way. not the doubts, distractions, or voice in my head. and certainly not arthritis. new voltaren provides powerful arthritis pain relief to help me keep moving. and it can help you too. feel the joy of movement

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♪. ashley: all right. let's talk ford. the iconic bronco is back with three new models. good time to bring in ford's global director of icons, that is a great title. dave, look, i got to say this car is part of american history, no doubt and somewhat infamously with o.j. simpson and the so-called bronco chase, right? >> well, yeah, clearly that is something that people do remember but i hope that is not only thing they remember about it. the bronco, we used it in 1966. it very quickly became a vehicle people loved and created a lifestyle around. here we are today. they have been asking us to bring it back and the bronco is back. ashley: and was that by popular demand or was it a decision by ford? >> no, really is by popular demand. it is an icon.

icons are earned an they're not made and customers that decide when something becomes iconic and they have been asking us to please bring the bronco back. suvs are very popular. in fact in 2019 they have had their strongest sales ever. this is the type of vehicle people want. get them a vehicle that will set the bar as it did in 1966. ashley: i asked for the design quickly. you know, listen when we look at that 1994 footage, very boxy vehicle, always has been. is it more, very quickly talk about the design? >> yeah. i mean, what they're going to see on july 13th when we unveil it, you will see a lot of dna people love about the bronco but in very modern way. it will be unmistakably bronco but something fresh and new. ashley: very good. we look forward to it. i know it was short and sweet but we appreciate you being on. and, we look forward to seeing the new ford bronco.

thank you so much for joining us. >> yeah, no, thanks for having us. have everybody tune in on the 13th, my pleasure. thank you very much. wicked delay. like he was in australia. still to come on "varney & company" energy secretary dan brouillette, he says activists are to blame for the failed atlantic coast pipeline. we'll get into that. economist steve moore wants a lockdown-free country and he says shutdowns do not make people safe. he will make his case next.

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retire better ♪ ♪ ashley: all right. feeling good, sunday best. it's 11 a.m. on the east coast. we are kicking off the week with a lot of green. good morning, i'm ashley webster in for stuart varney. the nasdaq hit an all-time high this morning, right now up more than 2% at 10,433. the dow and the s&p also up well above 1%. and by the way, talking about record highs, microsoft also hitting that mark earlier, up $3.69, closing in on $210 for microsoft. not to be forgotten, amazon's stock now trading above $3,000 for the very first time, or they were. just coming back a little bit but, oh, so close.

$3,000, up 108. there you go! whew, got it. tesla's also in record territory, shares up after jmp securities boosted its price target to a higher $1500 for tesla. tesla again on a tear today, up more than $100 at $1311. by the way, the company is expected to generate $100 billion in yearly revenue by 2025. that's not that far away. and take a look at uber. they are also moving higher after announcing that they will buy postmates for $2.65 billion in an all-stock deal. uber technologies up nearly $2 at 32.50 on that news. all right, turning now to a fox business alert, time to bring in edward lawrence who has the latest information on the paycheck protection program. edward. >> reporter: yeah, ashley, we're talking about 4.9 million loans have been given out, approved, $521 billion. that program went live again accepting new applications this morning at 9 a.m. because the

president signed that extension over the weekend. now, there's some $132 billion left in the pot here. the administration says that this program has saved 51 million jobs. and if you look underneath that, it looks like 6.5 million jobs saved in california, 4.a 5 million save -- 4.5 million saved in texas, 3.2 million saved in both new york and florida. also going live today, the administration is i leasing information -- releasing information about the loans, more than $15 is 0,000 -- 150,000 worth. how much those company got. now, there's been a lot of talk about that with the forgivable loans. also the loans that were returned, there's been a lot of discussions about larger companies who got those loans, some $30 billion was returned. we will not get information on those companies that administration officials say those were canceled loans and deleted from the system. ashley? ashley: all right. thank you for that update,

edward lawrence. let's bring in steve moore, freedomworks economist and a trump economic recovery task force member. steve, you seem very firm on the idea of a lockdown-free country. you say it will not prevent deaths, a lockdown. this as labor secretary eugene scalia says that the majority of workplaces are safe. listen to this. >> there's a lot of room to put people back to work even as we do pause certain types of reopenings like restaurants. i think most workplace ifs are safe -- workplaces are safe, we know the steps to take, and i'm seeing them taken in workplaces taken across the country. ashley: so, steve, despite some covid surges in the sun belt that we've seen, there are some encouraging numbers. the question how do we keep that trend heading up. >> well, by the way, some encouraging numbers is an understatement. you know, we found over a 90% reduction in the death rate.

you would think that would be the headline every day, but of coursest t not because the media's portraying such a negative thing. the other thing i would say about this is we now have three or four months' worth of evidence, expect evidence is crystal clear, it's irrefutable that lockdowns actually had no positive effect whatsoever. when i talk about lockdowns, i'm talking about businesses shutting down their operations. they've had zero impact. in fact, it's really interesting, the states that have the strictest lockdowns have death rates that were 5-10 times higher than states that had no lockdowns at all. so there's no relationship. now, that doesn't mean we shouldn't do social distancing, we should. it doesn't mean we shouldn't wear masks, we should. but we should be smart about this, and there's no reason to paralyze our economy again as some out of the left are talking about, there's some chatter about, you know, reversing opening up. and that would be really negative for the economy, and it would hurt workers. and, by the way, the people who

get hurt the most when you lock down the economy are people at the bottom of the income scale. ashley: very good point. i want to move on talking about the economy, helping it. talk about a payroll tax cut. i'm assuming you're in favor of that. i know the president would like to send out checks maybe up to $1200 as direct stimulus. you think a payroll tax cut really will give the economy the boost it needs. >> yeah. we have a study out that was featured in the "wall street journal" on friday where we, i did this with my friend casey mulligan who's the top labor economist in the country at the university of chicago. and we estimate that about 2.5-3 million additional jobs will be created before the end of the year if we suspend the payroll tax for every worker and every small business in america. that's a big number, 3 million additional jobs. here's the other thing that's so important. if we go the opposite route and do the pelosi plan of extending these unemployment benefits which are giving people $600 a

week, and that means three out of four workers get paid more for not working, we find you'll have about 10 million fewer jobs. i took some heat for saying this on your show last week, steve moore doesn't care about unemployed people. no, i'm not saying we should get rid of the unemployment insurance system, we should. we should provide a safety net for people who have lost their jobs. what i'm saying is that the vast majority of people understand the basics of economics. you can't pay people more money for not working than to work and expect people to get back on the jobs. and i've watched your show, you know, day after day, you have stories all the time on employers who can't get workers back on the job because they're getting paid more. and one other aspect, how is it fair, liberals love to talk about fairness. how is it fair for the construction worker who's getting up at six in the morning, working 40 hours a week, that's a tough job, it's, you know, a very difficult job to be on a construction crew or working in a factory.

that person comes home, and he's getting paid less than the guy sitting on his couch and watching tv? how in the world is that fair? ashley: yeah. it's not, bottom line. steve moore, as always, thanks for joining us this morning, steve. you are not a fan of the lockdown, i understand. all right, thank you so much. >> have a good one. ashley: by the way, i guess this is no big surprise, but big tech has seen their bottom lines expand very nicely under president trump, but the employees are working hard to make sure that mr. trump doesn't see a second term. come in, steve hilton. steve, you're in the belly of the beast. why is silicon valley pushing so hard for joe biden, of all people? [laughter] >> well, it's interesting, ashley, i think this is just an internet age version of an old phenomenon. we used to call it limousine liberals, back in the u.k. we talked about champagne socialists. people who are very wealthy themselves, they have no problem funding their lifestyles, they are paid an enormous amount and, therefore, they can afford

left-wing politics. they can afford the kinds of things steve was just talking about because they're going to be fine. whatever happens. so it's okay for them to support these policies. they don't mind that it's going to put people out of work or raise people's taxes, because they can afford it. the phenomenon is even more bizarre when you look at politics on the state and local level here in the bay area in california. if you look at the factors around here that these same people complain about the whole time, they complain about the lack of affordable housing, about terrible transportation, they complain about soaring crime in places like san francisco, the quality of life. who's been in charge of these places forever? it's the democrats. and yet they continue to support them. it's completely illogical. ashley: they just can't connect the dots. it's very odd. steve, i want you to take a look at your screen if you have one there, hopefully. officers dodging fireworks in the streets of portland. police were forced, once again,

to declare a riot. what's it going to take to regain control of these cities? >> i think it's a really interesting question. we discussed it on my show last night because there's a temptation, i feel it very strongly, actually. when you see all of this going on in portland and elsewhere around the country, you've got to have some kind of a national control asserted over this because it's getting completely out of control, and it's in multiple places. people are dying as a result of it. but, however, in our system, our decentralized system here in america which i'm a very big fan of and i'd like to see even more decentralization, in the end it's the local leaders, the mayors, who are responsible. so i think it's going to be quite a long-term process. but the optimistic scenario i is actually what happened in new york a few decades ago where after years and years and years of that urban chaos and decay, new yorkers voted for rudy giuliani to sort it all out, and he did. i think that is the silver lining here that, actually, when

people see the consequences of this kind of loony left democrat leadership, they will turn to republicans in the end. i just don't know how long it's going to take. [laughter] ashley: i was going to say, painfully slow, but i hear you. steve, when can i and everyone else watch you on tv? >> we'll be on next sunday as always, nine eastern, fox news, "the next river pollution." -- next revolution. ashley: fantastic stuff. thanks for joining us, appreciate it. >> thanks, ashley. see you soon. ashley: the summer travel season now in full swing, more than 626,000 people passed through checkpoints on sunday. it is starting to pick up. let's bring in kristina partsinevelos. are people finally ready to fly again? >> reporter: well, by the looks of it today, i would say, no, because the airport's relatively empty. but like you mentioned, july 4th weekend is a crucial test. take a look at some of the

changes at laguardia airport, they have the plexiglas dividers as well as you can see that every single moving location you also have hand sanitizers and hand sanitizing wipes. but you were talking about whether there was a travel bump. the latest tsa numbers actually show that, yes, there were more travelers this past weekend. the numbers that we got for friday were actually higher, ashley, than what you said, 764,000 people were traveling. yes, that's down compared to last year, down 64%, but nonetheless that number is still the highest they we've seen in the -- that we've seen in the past four months. the major concern is social distancing. a lot of airlines are forcing people to wear a masks on the plane. we know over the weekend, on friday, there was one passenger with spirit airlines, a similar situation happened with american airlines in june, and delta threatened to ban passengers if they don't wear their masks. travel is being tested, and there was a deal worked out between the treasury department and five airlines including

american airlines, sky west, hawaiian, privately-held frontier. and what they have -- and i should say these agreements, we don't know the exact amounts of the loans, but it's to the tune of billions of dollars. is so overall, they're trying to get through this as travel is slowly, slowly come back. ashley, back to you. ashley: they do, indeed. i can see a lot more confrontations in the future. all right, kristina, thank you very much from laguardia. guess what? baseball season is finally back. no, there's no people in the stands, but one team still selling season tickets to their diehard supporters, that is. we'll explain. and stadiums, parks and businesses closing around the country as virus cases start to spike in some areas. is it time for another round of stimulus? we'll discuss that. but first, the atlantic coast pipeline is canceled.

energy secretary dan brew lay blames the failure of activists. he joins us next. ♪ ♪ - hey, can i... - safe drivers save 40%!!! guys! guys! safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! safe drivers do save 40%. click or call for a quote today.

♪ ♪ ashley: well, breaking this morning, a u.s. district judge is ordering the dakota access pipeline be shut down pending further environmental review. of course, this follows the news that dominion energy and duke energy are canceling their atlantic coast pipeline project. seems like a good time to bring in u.s. energy secretary dan brouillette. mr. secretary, in both of these cases to you blame activists for

essentially shutting them down? >> that's right, ashley. great to be with you. i do, in fact, i do, indeed. in both cases i think it's applicable. i've not seen the latest decision by the district court judge on the dakota access pipeline, but i will take a look at it as soon as i leave here. the decision by duke and dominion, however, is so disa appointing because it's a lost are opportunity. if anyone could have made this happen, it's probably these two companies. they're led by some of the smartest ceos in the utility business to the. and it's a -- today. and it's a lost opportunity because of the number of jobs that would have been created in places like west virginia, pennsylvania, ohio, virginia and north carolina. the other lost opportunity here is lower energy costs for all of the residents in north carolina. so a very important decision by these two companies. disappointing, but i understand it, and it's economically rational. ashley: want to talk about the energy sector, in particular oil. you know, it's been a real hard go because such, you know, such

low prices, and the crude oil right around $40 a barrel right now. so much of america's energy independence has been, a lot of that, thanks to frackers who have really made a difference. but how are they surviving in this environment, because we're getting reports that more and more are are having to, essentially, go bankrupt. >> that's right, ashley. some are just highly leveraged, and they're going to go by the wayside. that's the way the free market works, that's the pressure that they're under. but many of them are beginning to ramp up production again as the demand comes back for refined products like gas lean and diesel. -- gasoline and diesel. we're going to see them come back to the market very, very quickly. but, you know, you opened your shows with the infrastructure programs, we're seeing more and more difficulty with the ability to generate infrastructure here in the united states. we are still the world's largest producer of oil and gas. we are having difficulty, incredible difficulty developing the infrastructure that's

necessary to get the product to market. and we have to fix this regulatory construct in which we're operating today. ashley: essentially, when anyone proposes a pipeline from one place to another, it appears that in comes a lawsuit to prevent it even if they don't know where it is and what it's for. it's, in fact, blind opposition to anything that the energy industry tries to accomplish. >> that's correct, i would agree with that. i'm not quite sure what they're cheering except for perhaps the loss of jobs all throughout the america. ashley: yeah. >> the other important aspect of this, we're seeing this activism come from environmental groups who supposedly want cleaner energy. well, you know, the message i would share with the viewers today is that renew bl energy is almost entirely dependent upon the provision of base load electricity which comes from natural gas, nuclear energy and other sources. 24/7 power. ashley: how energy independent

are we still? i mean, obviously, for so long anything that happened in the middle east immediately spiked fuel prices in this country, we were so beholden to opec. now we have a lot more power. but this downturn in the economy, how has that hurt america's energy independence, or has it not at all? >> i don't think it's hurt the independence of america, you know, the pandemic is worldwide, so all economies have slowed down to some degree. ashley: yeah. >> production has slowed down around the world as well. we just went through a series of conversations under the g20 construct with our colleagues around the world including canada, mexico, brazil as well as saudi arabia and russia. and what we're seeing is production is down all across the world, but the united states still remains today the largest producer of both oil and gas. ashley: and a lot has been made of liquified natural gas, liquified natural gas, hng, but again -- lng, but there is an

infrastructure problem getting terminals in place in order to be able to move this product. is that still an arab shoe? >> it is. -- issue? >> the export opportunities are tremendous, they're absolutely enormous. and in about an hour, we're going to make an announcement to announce we're going to move forward with a first of its kind export project. ashley: i look forward to hearing about it very much, mr. secretary. thank you so much for taking the time to join us this morning. >> thank you, ashley. great to be with you. ashley: all right. let's take a look at gas, talking of energy. mississippi, of all places, enjoying the country's cheapest gas at $1.82 for a gallon of regular. not bad. i don't see stu driving all the way down there, but you never know with stu. it's nice and cheap in mississippi, $1.82. a new report shows the toll the virus is taking on oil. lauren, how much, i guess the question is demand and how much could it fall?

lauren: well, global demand could fall by 2.5 million barrels a day as we see these covid spikes not only around the u.s., but quite frankly, around the world, ashley. they say that could happen if those parts of the world impose new lockdowns which restrict movement of people, restrict travel. for an idea of how much the world uses each day before the pandemic, it was about 100 million barrels a day. in april at the height of the quarantine, the lockdown, 74 million barrels a day. now we're at about 89 million. so as you see, oil prices do have an up arrow today, $40.79, because there are reports that say even though there are spikes in some places, people aren't really hunkering down. they're still going places, they're still filling up their gas tanks. ashley: right. they are. the road trip is alive and well. okay, lauren, thank you very much -- lauren: there's nothing else to do. ashley: so stocks -- yeah, right.

some stocks making headlines this morning, let's begin with locken coffee, shareholders are removing the chairman, but as you may remember, the company reported fake annual sales of about $300 million. luckin coffee. take a look at spotify, that up more than 125% since march, pretty impressive. wall street traders or say it can take control now of the audio-media industry. what do they do? they sell. spotify down about 1%, down $3 at 268, but it had been on a tear. take a look at facebook, they own that messaging app what's app that's very popular around the world. they will no longer process hong kong's police requests for user data as a way to crack down on protesters. facebook up nearly $6 at 239. and take a look at harley davidson is, they're up after an upgrade from citi which says there's a potential for a turn

around of harley's new ceo, that stock up more than a 5% at $24.67. all right, move over, kylie jenner, dwayne "the rock" johnson just smashed one of her social media records. we'll tell you which one coming up. i know you can't wait. and as virus cases spike, the governor of new jersey calls for federal action. roll tape. >> we went through hell, we cannot afford to go through hell again. we need a national strategy, i think, right now, and masking is going to be at the core of that. ashley: and now the trump campaign is encouraging masks. we'll have that next. ♪ introducing stocks by the slice from fidelity.

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♪ ♪ >> we are unleashing our nation's scientific brilliance, and we'll likely have a therapeutic and/or vaccine solution long before the end of the year. ashley: well, that was good

news. that was president trump. he is very confident the vaccine is just not very far off, this as the country added another 49,000 cases yesterday bringing the total number in the united states to nearly 2.9 million. montana, tennessee and alaska are seeing the largest average increases over the last week. well, as those cases increase, the trump campaign is strongly encouraging face masks at outdoor rallies including one scheduled in new hampshire this weekend. time to bring in mick mulvaney, former acting white house chief of staff. great to see you, mick. will the president wear a mask, do you think? >> i don't know. i think it's more important that he send the message that other people should. keep in mind, the president's not the best sort of metric on mask wearing because if there's anybody who is socially distanced in the country, it's the president of the united states. there's literally hundreds of people that do nothing but keep other people away from him.

plus, while i'm not in the white house anymore, i do know anybody who goes in there is tested on a regular basis. i think they may be tested every other day. so the president himself is not the test case. the message is what's important, and getting that message out, i think, is an important development for the campaign and for the administration as they learn more about the disease and learn how masks can help us to get that message out there that folks should wear them. it's a very low cost way to protect yourself and your neighbors. ashley: want to talk about the economy. stephen moore, we had him on the show a little girl, said we need a -- a little i don't recall, said we need a payroll tax cut. but you say, if i'm right, that the second stimulus, or is it the fourth now, that it's bad, and masks are the key to reopening the economy. make your case. >> a couple different things. i enjoy working with steve, i think he's a very bright guy, but i think he's ignoring the fact that the first big stimulus -- there have been a couple small ones, but the cares

act i think as of last week, half of the money that congress appropriated and the president signed isn't out in the economy yet. and the money that has flowed out into the economy is sitting, in large part, in bank accounts. i think the cash account deposits up $2 trillion since last april. so the things they've done in april haven't kicked in yet. now is not the best time to start looking at the new stimulus, or it may not be. you've also got the opportunity to allow things to kick in that have just come into play. for example, usmca just took effect on july 1st. that will have a stimulative effect. the continuing efforts on deregulation are still going to help boost the economy. and we've all wanted to sort of see the stuff come back. over 7 million jobs in the last two months, retail sales are good, new home sales are good. things are coming back quicker and better than we expected. now is probably not the best time to look at another stimulus. ashley: because you don't like

spending, i would imagine, correct? [laughter] you know, we're running up a huge bill here, and you're not a big fan of spending. >> i don't like wasting money. and my fear is they're going to do something that's political. look, if you're going to do a stimulus, let's be perfectly candid, they're going to pass something, they just are. we're in a recession, it's an election year, so let's do something smart and solve the problem. you're not in a recession because of a financial crisis or household savings or even a financial crises in an economic recession because of covid, if we're going to spend a bunch of money, let's target it at covid. let's get more hospital beds, better testing. the testing is still not where it needs to be. let's solve of the problem. look, you can send people a check to go on vacation, which i think is absolutely absurd, but if they're afraid to get sick, they're not going to use it. soft the problem -- solve the problem where people are comfortable traveling, and they will do it on their own accord. ashley: we hear you loud and clear, mick mulvaney.

great to speak to you, have a great day and thanks for being on the show. >> it's good to see you. ashley: all right. there you have it. by the way, we are going out to eat again, maybe not in huge numbers. lauren, restaurants are in some cases starting to rebound, perhaps? lauren: each if we're just eating outside. more people are dining out. let's take a look at friday night reservations starting june 5th, that friday when they were down 75.5% from 209. and -- 2019. and, look, every friday it got a little bit better until this past friday, the day before the fourth of july, down 57%. and that could go either way, right, ashley? more people maybe had plans, they weren't going out to eat or they decided not to do anything at all. look, i'm all about dining out. however, in 90-degree heat, it could be disastrous. you need -- i know the businesses and the restaurants have a lot of expenses, but fans are very helpful. ashley: yes, yes.

someone can personally fan me, that's even better, but you're absolutely right, lauren. [laughter] it's tough when it's the heat of summer, no doubt. all right, thank you. let's take a look at apple, if we can. susan, apple saying at least we are moving around more since last month. susan: yeah. less than the previous month when we saw 40% plus when it came to driving and walking. they're up around 20% or so in the last week. what is surprising though is public transport surges falling even more. so the declines are accelerating from the previous month, and that probably owes to the pausing or rollback of reopenings across more than 21 states. also it's a long holiday weekend, so people really didn't need to take mass transit. and in these covid times we know that consumer behavior has changed as well, but commuters are still hesitant to jump on public transit, sitting elbow to elbow with strangers in close quarters like subways or buses.

i'm all for outdoor dining. in fact, i live in the west village, and it was busy all weekend long. ashley: a that is encouraging to hear. all right, susan, thank you. check the cruise lines. two companies, by the way, now beefing up their health and safety standards. you would have thought they'd have done this already, lauren. lauren: well, we're talking about royal caribbean as well as norwegian cruise lines. they have hired dr. scott gottlieb, the former fda commissioner, as well as the former hhs secretary which is the former utah governor. so basically, what this panel of experts is going to do is figure out how you can create a bubble, if you will, around the cruise line industry. how people can sail again without there being a coronavirus. i don't know how you do that. but the cdc no sail order on the cruise lines is set to expire july 24th. it will likely be extended, but

in the meantime, the cruise lines have to come up with safe protocols, and this panel of experts will help to do that. ashley: creating confidence is not going to be easy. all right, lauren, thank you very much. lauren: yeah. ashley: as the washington redskins consider a controversial name change, three minority owners reportedly looking to sell their shares now. the team's been using that name since 1933, but is now the right time for change? we'll get into that. also baseball is back. teams kicking off summer camp ahead of opening day this month. but the virus already complicating things for the oakland a. we'll speak to the team's president next. ♪ ♪ just over a year ago,

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♪ ashley: welcome back. everybody. take a look at the markets. we've been on a nice start to the week. the dow up 377 points, the s&p up 15%, the nasdaq -- 1.5%, the nasdaq showing up again, another 2.5%, hitting more all-time highs at 10,459. big tech leading the way again. how about biotech? regeneral ron, that's a biotech firm, announcing the start of phase three of their coronavirus treatment trials. they've been moving along, certainly on a fast track. that stock up another $13 today, another 2% gain at $635. defending world series champions the washington nationals, are canceling practice. why? well, because they till haven't received their -- still haven't received their virus test results. they say no results, no practice. and with that, let's bring in dave kaval, president of the

oakland athletics. dave, your team was also delayed for testing this weekend. so the question becomes, is this going to be a problem once the season starts? what if you then get results and you don't want to play a game? >> well, obviously, the health and safety of our players and the staff, everyone involved, is critically important. so we definitely have to make sure the testing comes back in a fashion that works for the game. we're planning on trying to have an evening practice tonight out here in california to get the training in and be ready for the season. ashley: you know, we're ready for the season to begin. it's already very shortened. are you confident that this can be done? it's not like the nba who are essentially living in a bubble down in orlando at disney world. you guys will be traveling, you'll be going to hotels. can it be successful? >> well, baseball's naturally socially distanced. the players are spread out. i think we have a great plan that we've adopted with a lot of input from infectious disease

doctors and the cdc. we're going to move forward and hope to have a really successful season. it's 60 games, it's going to be quick and exciting, and hopefully we can compete for a world championship. ashley: and at the beginning at least and for the foreseeable future, no fans. but you guys are offering cardboard cutouts, right? >> that's right. you can go to oakland athletics.com, pay $89 and take a picture of yourself and upload yourself. it's a pretty cool way the actually virtually be at the game. ashley: now, if a foul ball hits you, do you get the ball? >> yes! we authenticate the ball, we send it to yourself. you get a souvenir for attending the game. so it's a fun promotion we have for our fans and trying to keep it light and fresh. ashley: i think that's terrific. and what kind of response is have you had? >> it's been tremendous. we sold out of the first section, over a thousand just in the fist night. [laughter] we're adding more capacity. i mean, i think it's going to be

a tremendous hit this season. ashley: so training camp is underway. how's it going? >> we have a good team. you know, we've been in the playoffs two years in a row, we won 97 games both years, and we're excited about taking the field and, you know, basically starting play, you know, later in july. ashley: well, and with only 60 games, every game's like a playoff, right? [laughter] >> you can't start slow. you've got to come out and play the game after baseball. -- of baseball. we have a great pitching staff, so we're excited about where we are. we're just excited to bring baseball back for the country and for our community. it'll be a great thing. ashley: yeah. you are absolutely right. you hit the nail on the held. i think it's america's pastime. we are ready to see some action, so the sooner the better. dave kaval, president of the oakland as. best of luck for the season, by the way. >> thank you. thank you. let's go, oakland. ashley: why not? [laughter] all right. dave kaval, president of the

oakland as. great to have baseball back, all sports. talking all sports, let's get to football. fedex and nike are pressuring the washington redskins now to change their name. let's bring in hillary vaughn who's live at fedex field. hillary, this isn't the first time that the redskins have gone through this, is it? >> reporter: no. ashley, you're right. it's not the first time they've faced global pressure to change their name to something else. in fact, a few years ago the owner, dan snyder, said we will never change the name, it's that simple, never. but today it seems that snyder has had a change of heart, a because now he's opening the review process of their name and is open to looking at alternatives. right now the redskin franchise is valued at $34 billion. the -- 3.4 billion, the cost of rebranding, training facilities and the stadium could cost several million. of course, there's always the risk of all yen nateing some loyal fans that brought in $78 million in ticket sale last

year. but the costs could be even more if they don't do anything about it, because some of the team's corporate sponsors could be backing out after 87 investment firms and shareholders worth a collective $620 billion petitioned companies like pepsico, bank of america, nike and fedex to cut ties with the team unless they get rid of the red eskin name. nike removed all redskin gear from their online store on thursday, and fedex formally requested it -- it has the name rights at their stadium -- forbeally suggested the -- requested the team change their name. if "the washington post" reports that three minority owners of the washington redskins are looking to sell their stakes in the nfl franchise, robert rothman, dwight jarr and fred smith of fedex hired a firm to look into potential buyers. one of the names that's getting some pick-up with players is the washington redtails. ashley? ashley: hmm. well, we'll follow it closely.

great stuff, hillary vaughn. thank you very much. now let's check facebook, they own instagram. kylie jenner is no longer, but the way, the highest paid celebrity for sponsored posts. stuart varney maybe? susan, who is number one? >> the rock. he gets a million dollars for every commercial post the plug a service or a product, and you mentioned kylely jenner who -- kylie jenner who has 118 million followers. but football star cristiano ronaldo has 228 million followers. not like he needs the money or anything like that. arianna grande, selena gomez, a lot of change for just one single post. and this is based on a survey by social media consultant huffer hq, and they publish these results, talk to brands and

marketing companies and using publicly-available pricing information to guess how much each account would charge per post. so we know that dwayne "the rock" johnson, our good friend, he was crowned as the high paid actor last year as well making $90 million. you know, the man, it's his world, isn't it? we just kind of live in it. ashley: we do. he's the rock and that's all you need to know. susan, very much. he's the rock. mortgage rates hitting a record low, we know that, but demand is down for a second straight week. former hg-tv host mike aubrey will join us next on what that means for the housing industry. more "varney" after this. ♪ ♪ and because we don't know exactly when this crisis is going to be over and we don't know exactly when the stock market will reach its bottom, we've got to be prepared for this to last a long time.

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ashley: all right. take a look at the 30-year fixed mortgage rate. that's not a mistake, down to a record low of 3.07%. but mortgage demand is down for a second straight week. what do we read into that? let's bring in mike aubrey, vice president of compass real estate. mike, you say there is a ill very lining in -- silver lining

in all of this. >> i mean, i think there is, ashley. listen, if you're looking at a mortgage stock right now, like you said, they're at historic lows. this is the second week that we saw week over week, but we are still way up year-over-year. i think what we're seeing is an amazing recovery in real estate right now, and i think we've got tailwinds to help the economy recover too. ashley: how easy is it to get a mortgage this year with especially for first-time home buyers? are the lending requirements, you know, pretty stiff in. >> you know, i think the shades of dodd-frank are still around, and i think as investors begin to lose their appetite for mortgage-backed securities, things got a little bit tougher. but, no, i think that anybody who has reasonable credit is going to be able to get a loan right now, and they're going to lock it in at rates they'll never see again in their life. ashley: that is true. the biggest problem is the lack

of inventory, right? so it has to be a seller's market. >> well, i'll tell you this, i think covid sort of exacerbated what was already happening which is that people really focused on where they're living on right now and was it good enough. and i think, you know, through the first wave of covid, real estate was on fire, and i think it continues to be on fire. so, yeah, i think it's a seller's market right now. ashley: do you think there's a movement out of the big cities? >> i think that there is some level of de-urbanization, but let's not hang it all on this virus. i think the reality is that the largest buying group that we've seen is millennials, and millennial household formation has millennials seeking the buschs right now. e -- burbs right now. i think covid has put a shot in the arm to that. ashley: so if i put my house on the market today, could i expect a ton of offers and perhaps above the asking price? >> well, you know what they say, ashley, real estate is local. it depends on if local is near me. if you have me selling it,

you're going to get lots of money, i know that. ashley: that's right. [laughter] great stuff. mike aubrey, you're a professional clearly on television. we appreciate all your insight is. thanks so much. >> my pleasure if, ash. ashley: all right. more "very" after this. ♪ ♪ . .

♪. ashley: guess whoo? this thursday fox business's neil cavuto will be hosting our next america together virtual town hall with special guest

barbara corcoran, quicken loan ceo, james varner and hovnanian ceo, ara hovnanian. do not miss that. i will leave it right here with markets solidly higher. the man himself, neil cavuto will take it from here. neil. it is all yours. neil: ashley, thank you very much we're looking forward to hear from you for our special, invested in you, real estate opportunities that exist or don't exist, that coming up on friday with barbara corcoran with a special guest. hope you had a wonderful 4th of july weekend. on corner of wall and broad they're having a wonderful post-july 4th weekend. storks are