cheryl casone has the details, cheryl.heryl: that's right, dagen, demonstrators toppled statutes of confederate generals and slave traders as people around the world demanded end to racial injustice. enrichment a group of people protestors used rope to pull out statute of wickham. similar scene in england, demonstrators tossed the statute into a nearby river. well, approached gilead about possible merger, gilead rejected and both making coronavirus treatment. we will see how they do today. here is a look at what the trending this morning on foxbusiness.com, talk about ceo denies donating trump reelection campaign, social media started circulating last week as users try to organize boycott who supported the president. connor mcgregor announced retirement. and finally this, businesses reopen, some clients say it's a good stress release over anxiety of what's going on in the news and certainly about job security and of course, having to spend all day with your children, those are your headlines. dagen: thank you so much, cher

charles: cheryl casone, thank you very much. as we prepare to hand it over to liz claman, the markets holding in most of their gains right now. we had a strong housing report also that we kind of overlooked because of all the other news. number one performing stock, moha mohawk. they make carpets. who would have thought? liz: sure. carpets. mattress companies, all doing really nicely. i would implore all of our viewers to look at the percentage gains for the three major indices. clearly it's the nasdaq that's hitting the gas, up about 1.1%. the dow is up about .75%, same with the s&p. that is a record intraday high the nasdaq has surged to. we are 59 minutes away from crossing the finish line of what will mark its 21st record close of the year. but it's not just the high flyers within the nasdaq that are boosting the tech-heavy index. our floor show traders are about to name their top non-fang nasdaq picks for you. >>> the trump administration's china hawk walked back his declaration to fox news last night that the china trade d

cheryl: welcome back, i'm cheryl casone in for maria bartiromo.riday, it's june 12th, top stories at 6:30 a.m. eastern time. futures are rallying looking to gain back some of yesterday's heavy losses. nice to see the numbers, the dow is up 583 in premarket, s&p up 57 and a quarter, nasdaq up 154 and change. this after concerns over spikes in coronavirus cases and what it could mean to the economic recovery fueling a major selloff for the markets yesterday. we lost more than 1800 points on the dow. all three major indices likely lower for the week. in europe green across the board despite the fact that uk economy took big hit from the coronavirus shutdowns. gdp plummeted a record 20.4% in april for the country but all the markets are coming back and into asia red across the board following wall street's steep selloff there. as you can see all major indices taking a hit especially the kospi down more than 2%. stories making headlines this morning, president trump is set to deliver the commencement address of west point tomorrow. president trump expe

cheryl casone has the details. cheryl. cheryl: that's right, dagen, according to wall street journal albertton's kicked ipo road show for market for new offering heats up following coronavirus pandemic and grocery store sales that took off during the pandemic. albertton's are looking 18 to $20 a share valuing the company and more than 10 billion, albertsons is the second largest u.s. grocer base on number of stores. facebook stepping up battle against posting ads of president trump. company has removed trump campaign ads from the site for violating its policy against organized paid. the bottom of the ad showing arrow pointing down which is symbol of hate. the trump campaign says it's used by antifa. let's look at the triangle once again. we will be talking about this a little bit later on in the show. but this is really the nazi symbol, not the first time the social media site has taken down content earlier in the year they took campaign ad that referred to census violating company policy. japan is the largest foreign hold

cheryl casone has the details, cheryl.ryl: yeah, dagen, here is what we know right now, british media outlets are reporting that the f15 fighter jet crashed into the north sea. this would be off the northern coast of england, it happened earlier this morning. we are hearing the jet was taking part in formation drill at the time and the pilot was the only person on board. rescue crews have arrived, we will keep monitoring any reports we get on that search coming out of england. back here at home, gas prices are marching higher for the sixth straight week according to triple a national average 2.10 a gallon, but that is still down 70 cents from a year ago and slightly up from the low of 1.74 in april as states begin to ease travel restrictions. analyst expect gas prices to move higher as the summer driving season heats up. welshing today major league owners are expected to announce what is next for the 2020 season, what's left of it anyway, the players ending negotiations over the weekend and now reportedly demanding the lea

cheryl casone in for liz. it's all you. cheryl: i will try not to mess up this rally between you and cody willard, handing this over to me. maybe i got something going. i don't know. by the way, miss cody so much. thank you so much, charles. >>> well, stocks are starting to shorten the july fourth week with fireworks. more than 44% last month on new homes, the dow up 468 points. we will see if we can take it to 4:00 p.m. the s&p 500 close sdwroing tto e dow. the nasdaq up as well. facebook is helping the nasdaq recover despite losing more friends even within the last lour as charles just reported. companies keep pulling ads from the social network. starbucks and pepsico among the players. charlie has a big scoop on the facebook story. >>> as the coronavirus death toll surpasses another tragic milestone, and cases spike in some regions, the search for the cure presses on. jacob glanville is star of "pandemic" and is here to tell us how his treatment is curing cancer and if human trials are around the corner. >>> plus a new fr

cheryl casone joins us with more details. yl: charles, americans are anxiously awaiting a coronavirus vaccine to go back to school, go to concert, get their lives back once they knew it. companies are trying to get the vaccine through the multitiered process. fda will issue guidelines what it will take to get the vaccine approved. the agency said no vaccine will be approved unless it clearly demonstrated safe and effective, provens a you mentioned, proven to be 50% more effective than a placebo and didn't just lead to anti-bodies in the blood being created t would have to show there is enough anti-bodies in the blood to protect the patient from cross-examinationion of coronavirus. vacs seep makers would have to conduct further monitoring after approval. earlier the secretary alex azar said the vaccine approved there will be plenty for everybody. let's listen. >> we're hoping to have hundreds of millions of doses of a safe, effective vaccine with tens of millions of doses by the fall this year. cheryl: also this morning coronav

let's get to cheryl casone in the fox business newsroom. cheryl: yeah, great question. timing is everything, obviously. this online retailer and personal shopping service is set to report quarterly earnings after the bell. the stock is flat right now. a loss of 16 cents is the estimate on a slight drop in revenue, expected just over $406 million. the company is laying off about 18% of total staff. they will be given the chance to relocate to lower cost locations like dallas or pittsburgh, cleveland, minneapolis, even austin, texas. bonuses and severance will be paid out, additional health care coverage given to them. stylists are a big piece of the business. back in april they did withdraw financial forecasts for the fiscal year. rbc has a buy rating on the stock, saying there are a few things to look for in that report. revenue per client, a forecast of three and a half million clients, a jump of 12.5% from last year. sun trust more cautious, saying they will come up shy of consensus estimates due to covid induced weakness. the stock has jumped, by the way. you mention

cheryl casone in for liz. it's all you. mess up this rally between you and cody willard, handing this over to me. maybe i got something going. i don't know. by the way, miss cody so much. thank you so much, charles. >>> well, stocks are starting to shorten the july fourth week with fireworks. more than 44% last month on new homes, the dow up 468 points. we will see if we can take it to 4:00 p.m. the s&p 500 close sdwroing tto e dow. the nasdaq up as well. facebook is helping the nasdaq recover despite losing more friends even within the last lour as

we bring in cheryl casone with the latest data, cheryl.eporter: data today which could have been a lot worse, existing home sales plummeted in play as the coronavirus to hammer the economy but realtors say that is the bottom. sales of existing homes in may fell 9.% compared to april to seasonally adjusted annualized rate, 3.1 million units according to nar. sales down 26.6% annually. that is the largest annual decline since 1982, interest rates at the time, remember the 80's? they were 18%. also the slowest pace since october of 2010. these numbers are based on closed sales. represents contracts that were signed in march and april. given those months are the worst of the economic shutdown from the virus that is not surprising that the volume came in low on this economists were looking for sales of previously owned homes to fall 3% in april to come in at seasonally adjusted rate 4.12 million down from 4.3 million and the lowest since 2010. april's decline of 17.8%, the steepest plunge we've seen since july of 2010. despite the 30 year avera

cheryl casone with the details now, cheryl.heryl: that is right, morning, jeffrey berman says that british prince andrew is lying on wanting to testify on jeffrey epstein. the prince's lawyer offered to help at least 3 times. woman trafficked by epstein says she had sex with the prince. if prince andrew is cooperating with federal ongoing investigation our doors remain open and word on company to expect him. he will not be extradited in united states. widow of bryant sued pilot in february following the crash that killed kobe and gianna and 7 other people. company says it is a, quote, tragic accident. finally a look at what is trending this morning on foxbusiness.com to hire employees as restaurants start to reopen. partnering be southern university to provide with online education. include philadelphia 76ers and new jersey devil's ownership group talks between billionaires and david and the mets current owner said to be in early stages and mÉxico resumes tourism in cancÚn and the beach destinations, cancÚn, tulum, riviera maya

cheryl casone with those details now. a as if flying during a pandemic isn't stressful enough, you'll have one less option to relax while you're on-board. delta is banning the sale or consumption of booze on-board domestic flights as well as flights to mexico, canada, the carribean and central america. american airlines is going to limit alcohol and food depending on the length and destination of the flight. first class and international passengers will still get served alcohol. in the u.k., easy jet and virgin atlantic are not going to serve alcohol for now. southwest airlines is extending its policy to leave middle seats open on flights through the end of september to curb the spread of covid-19 and will now ask passengers to fill out a health deeing declaration before they board the plane. at least 3400 jobs are being eliminated at at&t as the company looks to accelerate cost cuts amid the covid-19 pandemic. the carrier is closing 250 stores. the layoffs target technical and clerical positions. at&t made the announcemen

cheryl, thank you, cheryl casone. a czechoslovakia of the dow, we're down. 144 points.ccording to jeffries the hunt for yield and yield trade is set to revive. dividend are alive again. with some companies, 60 in the s&p 500 either cutting or suspending their dividends due to coronavirus. where should you be looking? our "countdown" closer has done the homework, he has three names in the portfolio. we have clear bridge's investment portfolio manager. you have 120 business in assets under managements. i figure you know what you're doing. give us the names first off. >> we're trying to find companies whether we have v-shaped recovery or less positive that companies will endure or thrive. we're focusing on companies with predictable revenues, less economic sensitivity an strong balance sheets. things like comcast, american tower, next era. liz: ticker symbol nee. comcast, american tower, is there common thread? we're looking at dividends, not anything above 4% but they're aristocrats, right? they are the ones that are sustainable and reliable, correct? >> that is exactly r

i'm cheryl casone in for liz claman. let's start "the claman countdown." cheryl: we begin with breaking news. the united states has now formally designated chinese telecom giant huawei and zte as national security threats, saying they have close ties to china's military. the federal communications commission move means that u.s. firms cannot tap a government fund to buy equipment from these two companies. want to take a look at the chip makers right now. xylinx spiked, actually up about 6.5% right now. micron, that stock is up 4.25%. huawei again, large customer of xilinx and micron so they are sensitive to the news we just got today. >>> also want to take a look at tesla, on pace for a new record close. if we hit above $1,025. nice to see and we will see it possibly. the ceo elon musk e-mailed employees yesterday, egging them on to produce more cars before the second quarter deadline which as said, is today. he said breaking even is looking super tight. breaking even would be a good scenario for the electric vehicle maker as wall street is expecting a seco

cheryl casone with those details, cheryl. cheryl: gop congressman's brady's bill would give americans receiving unemployment benefits one-time payment of $1,200 to return to their jobs after the coronavirus lockdown given out in one lump sum or two payments of 600, just last week the white house said it would likely support alternative to the current extra 600-dollar week unemployment benefit supported by most democrats and also seen as discouraging many workers from returning to their jobs roughly two-thirds of workers on unemployment are earning more than government aid than they did at their previous job. that's according to the university of chicago, more than 40 million americans have lost their jobs as a result of the shutdowns, the rate not seen since the great depression. british cruise lines canceling cruises through october due to the pandemic after canada moved to ban ships carrying more than 100 people with overnight capacity in its waters through october 31st, caribbean also announced it would cancel sailings to

let me get to cheryl casone in the fox business newsroom. s talk about what analysts are expecting. cheryl: for gamestop it will be interesting. expectation is they are going to report a loss of $1.27 per share on revenue of $1.07 billion in the most recent quarter. they will release earnings right after the closing bell. there are the estimates for the stock. the stock is actually as we move into the final moltments, busins conditions will certainly be in play today. that will tell investors whether or not the stock is priced right at these levels. it's down more than 2.25%. they already warn that first quarter sales fell 33% to 35% from a year earlier thanks to the coronavirus pandemic. comparable sales expected to fall 30% to 31%. 76% of their stores closed starting in march and on the 22nd of that month, they closed all of their u.s. locations. 65% of those locations still conducting limited curbside pickup. they have begun to safely reopen stores around the world. hopefully they will give us a little bit of a forecast when they report af

so we put cheryl casone on this story because it is so bizarre and disturbing that a publicly traded like ebay would have this scandal swirling around it. cheryl: the details are pretty disturbing, liz. ebay obviously has fired those six employees after law enforcement notified the company of this suspicious activity. the doj is charging these now former workers with leading a cyber-stalking campaign against a couple in massachusetts who write a blog that criticized the company quite frequently. the group allegedly sent the couple threatening twitter messages, packages containing live cockroaches, a funeral wreath and a bloody pig mask. they are also accused of illegal surveillance of the couple as they went to the couple's place of residence, believe it or not. the employees were actually fired last september but what has been revealed in the charges is a top executive, one identified as executive one here in some of the documents, made comments like we are going to crush this lady and take her down. u.s. attorney said the abuse goes pretty far up the chain. the investigation continu

cheryl casone has the headlines. cheryl: quite a day for him today in washington. good afternoon.nd center. dr. fauci, cdc director and admir admiral gauer sat down before the house energy and commerce committee. president trump on saturday at a rally said he had asked the government to slow down testing of the virus because higher numbers looked bad. well, to be fair, there has been critics who say the government was slow to roll out large scale testing but it's actually getting better now. fauci was asked repeatedly about the status of government testing. >> i as a member of the task force and the task force, to my knowledge, i know for sure but to my knowledge, none of us have ever been told to slow down on testing. that just is a fact. in fact, we will be doing more testing. cheryl: the admiral said neither the president nor anyone in the administration has suggested to him they do less testing. redfield agreed with that, saying he expects the u.s. to carry about 40 to 50 million tests out by the fall. so far, about 27 million have actually already been done. fauci was also as

to cheryl casone, who has been tracking all the action on that chase. cheryl? cheryl: yeah, there's a lot of these companies. first i want to look at moderna's stock right now. we have just learned they plan to launch trials of its covid-19 vaccine next month. take a look at the stock, up another 2.5% for the day. that's the intraday. the ceo says it could possibly be in distribution by 2021. that means the company would have to get approval either later this year or definitely first thing in the new year. executives are hopeful they will have solid efficacy data by thanksgiving at the earliest. it's not impossible to have this conversation now. but let's turn to johnson & johnson. the european commission is in advance talks with the pharma giant to either reserve or make an up-front purchase of its covid-19 vaccine which is also under development, we talked about it. stock down almost 1% right now. all this is according to reuters right now. if that happens, it would be the first arranged deal by the eu since it put together a $2 billion euro, excuse me, emerg

cheryl casone with details there. cheryl, good morning. cheryl: good morning, maria.ts and civil unrest over the death of george floyd while in police custody. live pd was on the air for 32 seasons, showed cops on patrol in real-time in cities around the country. a & e suggests the show could return in a different format sometime in the future. in a statement given to deadline, they said they would meet with community and civil rights leaders and police departments. live pd and cops, you may know that show, both taken off the air last week. cops will not be returning for its 33rd season. well, remnants of cristobal wreaking havoc on the midwest. in indiana, powerful winds pushing this semi over, overturned on a highway almost. those winds along with heavy rains toppling trees, damaging homes. there goes the semi. more than 600,000 people are now without power in that region and then take a look at this, folks. snow in june. the unusual summertime storm dumped more than a foot of snow in the mountains of colorado, denver, more than 15 inches. parts of wyoming saw up to

charles: cheryl casone, yes we certainly are.tocks, the health care the second best performer right now being led by eli lilly. that is the best performing stock in the entire market at this moment. we'll be right back. tums versus mozzarella stick (bell rings) when heartburn hits fight back fast... ...with tums chewy bites... beat heartburn fast tums chewy bites 100% online car buying. carvana's had a lot of firsts. car vending machines. and now, putting you in control of your financing. at carvana, get personalized terms, browse for cars that fit your budget, then customize your down payment and monthly payment. and these aren't made-up numbers. it's what you'll really pay, right down to the penny. whether you're shopping or just looking. it only takes a few seconds, and it won't affect your credit score. finally! a totally different way to finance your ride. only from carvana. the new way to buy a car. and my side super soft? yes, with the sleep number 360 smart bed, on sale now, you can both adjust your comfort with your slee

let's get to cheryl casone in the fox business newsroom. cheryl? cheryl: yeah, that's right. a new forecast says the airline industry is going to lose a record $84 billion this year and will not be profitable until 2022 at the earliest. all those stocks as you can see on your screen in the red, especially american, down more than 7%. this is despite the news, despite airlines like american and united beginning to restore those flight schedules for july. now, the international air transport association sees a 55% drop in passenger traffic this year, incredible, and a $16 billion hit for next year, a loss of 32 million jobs is also forecasted. all of this with the $25 billion in government aid given to airlines to soften the blow of the pandemic. u.s. airlines carried three million passengers in april. that's down 96% from april of 2019. you mentioned cruise lines. take a look at the group right now, also hard-hit. some are hoping to set sail later this summer but as you can see, carnival down almost 9%. royal caribbean down and norwegian really hit, almost 13%. but it could be

cheryl casone with the details. cheryl: good morning, most courts in georgia are still closed due to coronavirus pandemic. gregory mcmichael, son travis and their neighbor william brian who filmed the confrontation are now formally charged with felony murder and assault, video of them pursuing them on a road. the mcmichaels and brians said they thought he was a burglar. arbery's family is saying he was going out for a jog that day. monsanto makes top selling company acquired by german 2 years ago. the settlement include $1 billion for potential future claims, taking a look at beyer, unchanged this morning but up about 1% over the last year. and here is a look at what is trending this morning on foxbusiness.com, new study that bottled water contains potentially harmful levels of arsonic. finally gone with the wind returns to hbo max with an added introduction that tells viewers that the film has been protested because of the antebellum south. maria: future of do i think out, restaurants are reopening across the countr

cheryl casone with more details on the story, cheryl.l: that's right, maria, good morning, strong warning to top officials, warning to open the economy over damaging relationship between the two. trade volumes reach 1.67 billion daily and eu officials say this is an unbalanced trade and investment relationship. the virtual summit by the way was held as tee u is accusing china of spreading disinformation about how europe handled the covid-19 crisis and china's grip on hong kong. incredible show of support after bubba wallace after news was discovered in garage, drivers, pit crews and others escorted wallace number 43 car on to the track at super speedway yesterday, just one day after the incident, meanwhile the fbi and justice department officials are both investigating. nascar said just a number of racing personnel had access to that garage. nascar's president says that the person responsible is found and banned for life from the sport. they are looking at footage and who could have had access in the area. here is a look at what's trendi

cheryl casone with the details there. cheryl. cheryl: that's right, maria.suspending its services in los angeles, oakland, san francisco and parts of minneapolis during curfew hours. lyft is following local guidance in communities under the curfew orders. food delivery service door dash says it is pausing its operations and abiding by curfews and guidance from local governments where it operates. at least 40 cities and washington, d.c. have imposed curfews in the wake of protests. voting by mail facing the biggest test since the start of the coronavirus pandemic as seven states and washington, d.c. hold primaries today. indiana, maryland, montana, new mexico, pennsylvania, rhode island and south dakota all holding these. this could give us an idea of what to expect in november if we get a second wave of the virus and more americans would be forced to vote by mail. many local officials say they've been flooded with mail-in ballot requests. president trump has been critical of mail voting. he says it leads to voter fraud. well, southwest airlines is offering b

cheryl casone with the details, they were going to do a secondary? eryl: a company that's in chapter 11 bankruptcy. after security's and exchange commission raised questions about the deal, hertz was looking to take advantage of recent rally in its stock which sent shares as high as 553 each and investors file intoed the stock even after the company warned the new shares could be worthless. there's the stock in the premarket, back down to a buck 81, loss of 9 and a half percent in premarket, by the way, the stock was halted for several hours yesterday. well brands says it will do packaging review of syrups as quaker oats announced plans to retire aunt jemima brands because it's raised on stereotypes but not the only corporation making changes. uncle ben's changing its look. it doesn't plan on replacing the products but focus on evolving the uncle ben's brand. at&t 5g network to cover this summer. lyft pledging every vehicle in its platform will be electric 2020 but not providing for drivers to make the switch. blaze pizza, maria, it's offering its piz

cheryl casone with those details now, cheryl.arvard university says it will not require undergraduate applicants to submit actosat scores next year, high school students across the country finishing school at home. some may not be safe for test to go resume this fall. college board which administer it is act dropped plans to offer at-home test. high-speed access and can't be guarantied for all students. baseball back and forth continues with 2020 season possibly not happening at all now. mlb commissioner rob manford in an interview with espn says he's less confident baseball will be played this year. player's association said they were done negotiating. the league is negotiating and, quote, disgusted. finally a look at what the trending this morning on foxbusiness.com, 14-hour fitness files for bankruptcy and closes 130 gyms amid coronavirus pandemic. david's bridal helps personalize shopping giving them access to special offers and coronavirus. weight watchers to record number of digital subscribers, 4.9 million, maria, those ar

cheryl casone with the details now. cheryl: that's right, maria.a bill yesterday to remove the confederate emblem from the flag. the bill is headed to the governor who said he will sign it. the current flag has flown since 1894. they will design a new flag without the emblem, featuring the phrase, in god we trust. well, chase bank got an earful from some customers over the weekend after they spotted incorrect balances in their checking accounts. one person tweeted early yesterday, really, chase, nobody manning the phones or digital support until tomorrow morning? i like thousands of others have a mortgage payment due this week that just disappeared from my account overnight. well, chase blames a technical issue that delayed updates on the app and online and they say the problem was resolved at 9:00 in the morning yesterday. checking shares of jp morgan chase, off little more than three quarters of a percent. here's a look at what is trending on foxbusiness.com. the coronavirus slashing demand for air travel, delta says it will send warning notices

cheryl casone with those details. cheryl. cheryl: emotional moment and homecoming for american hero. had been detained in iran for nearly 2 years. >> i'm happy to be back. i've been semifree and i will go extend my thanks to president trump and making america great again. cheryl: so great to have michael home. thank you to iran, don't wait until after the u.s. election to make the big deal. i'm going to win, you'll make a better deal now. part of the deal to free white, the u.s. released iranian iranian-american doctor, white says he slept for a few hours on the transalantic flight after enjoying a steak dinner, he wants to go to disney world. one of the defendants in the shooting death of ahmaud arbery used racial slur, accusation during probable cause hearing, the judge has ruled there's enough evidence against michael father and friend to go to trial. kanye west is making a 2 million-dollar donation to the families of george floyd, ahmaud arbery and briana taylor. airline stocks had big stocks yesterday after announcing pl

todd: foxbusiness's cheryl casone here with more on the initiative. >> reporter: chick-fil-a is givingn in grants to nonprofits that serve black communities. this is their annual giving campaign, the true inspiration award, always a platform to give back locally according to the company where restaurants are located. nonprofits have to apply for the grants through chick-fil-a's website. the money will be awarded in september. todd: todd might join tick-tock for this reason. i would do the fun part first. if you love your whopper and you love tick-tock this story is for you. to give away whoppers for a dollar reach, create a short form, follow burger king's tick-tock account, there's a catch, you have to use the soundtrack and write hashtag whopper, direct message you. we are investing in the digital channels and ways to engage, the north american team pushing into new territories. one of those ideas. that is all it is. jillian: todd is a dancer. if you don't know this about him. >> do you know if you're dancing is up to that level? >> it might go the other way. you might win a dollar w

cheryl casone. covid-19 forcing millions of americans to work from home.ore important part of doing business. the demand for lawyers with data privacy and cyber security backgrounds now growing with many positions paying into the seven figures. joining me now, barker gilmore co-founder and managing partner, john gilmore. john, you're essentially a head hunter for attorneys. tell us about these jobs and how your company is recruiting. >> well, the jobs have been growing steadily actually since probably 2018 and what we find is that any of these instances after, for example, the financial crisis, we had a boom where we were looking for chief compliance officers for corporations, building their compliance departments amid the new regulations. what we're seeing now is work from home is opening up a lot of security potential breach areas and we're seeing companies responding to it. we have been finding the need for chief privacy counsel, chief privacy officers and as they build their organizations underneath them, they look for lawyers who have backgrounds in s

jillian: cheryl casone he has more on a new deal with the players union, sounds like another step aheadseball may be back. the league is ready to mandate a 60 game season, after they rejected the owner's, since 1878, 6 days ago, they agreed to expand to succeed, a bunch of other changes and rejected the plan 33-5. it will be a lengthy ugly court fight. playoffs will include, players will not get that $25 million postseason players tool, the union hasn't so 5:00 pm today to respond, we will see what they do. they will sign off on protocols. the regular-season would end september 20 seventh under the steel players, prorated shares, 37% of the full season. jillian: seems like they've lost a lot of fans already. >> reporter: a lot of will has gone out the window. just give me something to do. the apple car key. >> apple wants your iphone to be a digital car key, you know what i am talking about. it allows drivers to unlock and start your vehicles, share the info with family members, it is available to drivers of the bmw 5 series, that will start in july, apple is working with industry to br

rob: cheryl casone he joins us with more on this delay. >> reporter: good morning.alifornia's disneyland delays are opening past july 17th, no new date is given as coronavirus infections rising in some park employees worry about their own safety. disney said they would wait for california to open reopening guidelines, they want to the high lines until after the holiday. they want to announce they will keep disney's paradise hotel closed indefinitely, the disneyland shopping district will reopen july 9th. on july 11th. one half of the country. >> a lot of weddings are up in the air, there's a bit of an answer for this. >> reporter: a lot of events postponed, postponed until next year. there is a pizza to make you feel better about it. friends and families, send them a lot of pizza. the rain check registry, dominoesweddingregistry.com. dominoes was an integral part of their wedding planning in the first go around. couples choose from small weddings now, bridal shower making it virtual. >> pizza does solve a lot of problems. rob: i like dominoes pizza. house the pandem

cheryl casone he joins us live with a social media giant's growing list of problems. >> clorox, denny'srizon, pulling their ad spending for facebook. the social judy media giant and on hate speech, it is the maker of kingsford, charcoal and cleaning supplies, pausing spending on facebook and instagram through december, they say they believe hate speech will increase through the rest of the year. other big names, pepsico, patagonia, coca-cola, starbucks, the list is on as you can see, facebook is a market cap of $616 billion but they lost $60 billion in valuations in the last two days and the stock is under pressure in the free market today. >> this isn't really a surprise with covid-19 but summer travel could be a record low. >> day -- so much for the holiday road. americans are projected to take fewer trips this summer compared to 2019, the first time we seen this data, since 2009. according to aaa, 700 million trips are projected from july 1st to september 30th. if not for the pandemic 857 million people would be traveling right now, 97% of trips going to be a writer, aaa says there's

rob: cheryl casone he has details.magine major league baseball owners and players arguing over money. i know it sounds crazy but here's what is going on. baseball fans still waiting for a deal between the league and the players association, continuing and abbreviated season, proposing a 76 game 7 with 70% prorated pay for the players. yesterday the association of the players countered with a season of what looked like this. 89 game season, a 16 game postseason for 2020-2021. the two sides going back and forth since may 2, '06, the association proposed a million-dollar fund, minor-league letters charitable organization would focus on social justice. it has been going back and forth for a while. rob: i hope we don't have to do this in 2021. let's talk about the movie theater. crushed by this. i do love movies and there is nothing good coming out and amc will try to reopen but one of the people in the studio asked what are they going to show? now these are coming out. >> reporter: two blockbusters are coming out, tenet an

jillian: rob: cheryl casone he with what it will look like. >> reporter: this is all about money at thethe day. after three months of negotiations, we have a baseball season players agreed to the schedule not reporting to training camp, the season will run through september 2, '07, players will receive 37% of prorated payers for safety precautions, including system checks, covid-19 testing, social distancing and non-players have to wear masks at all time. my favorite part of this, no fighting. we will see how that goes. the other issue is two more players, the coronavirus is still out there. jillian: i feel like they lost a lot of people through this back and forth. rob: flight prices look more like train prices. >> they always have the semiannual sale, 3 day fall sale, definitely the prices were way lower this year. on december 17th, '39 dollars between houston and new orleans or burbank in vegas, $79 if you want to fly between baltimore and jacksonville, $99 for flights between houston and fort lauderdale but it will be different, flying different, facemask requirements, at this point

to cheryl casone for the big name. hey, cheryl.heryl: yeah, american airlines is leading the charge and the sector as we head into the closing bell after announcing that more than half of their domestic capacity is going to be in service again. real quickly, i want to let you know some news has just been crossing on the wires on american. according to reuters, about a dozen officers are leaving the company, according to a memo obtained by reuters. the stock is up 40% right now. here's the deal for july. they will be at 55% of last year's flight levels but the big jump from june, where about 25% of flights were in the air compared to june of 2019. here is how the skies are going to look in july with 4,000 daily domestic flights scheduled overall versus 2,000 for the month of may, pre-covid. 68 flights a day, folks. these are how the numbers have changed and why the airline industry has been so devastated. long way to go, but we've got baby steps here. as for the industry, american is the clear winner next month to return. united mak

cheryl casone here with more. markets again in rally mode with the tech heavy nasdaq closed all-time high, the s&p going positive for the year. there are the numbers from yesterday and this is building on the momentum for friday's surprise jobs report, the economy at 2.5 million jobs, the doubt 7%, the s&p up 2.4%, the nasdaq anyone.one% since yesterday, we are looking at a slight loss in the markets, looking at down down 282 right now but this is an incredible turnaround for mid-march, the coronavirus shutdown began and take a look at the drugmakers, several have announced test results for test that would treat covid-19 or a lot of promising numbers on vaccine development and that is the golden goose everyone is looking for. >> if you are looking for jobs, duncan plans to hire a lot of workers. >> after closing dining rooms in mid-march duncan franchisees plan to hire 20,000 new employees, the change implement a new safety measures, single-use gloves, facemasks, temperature checks for employees, duncan announced

jillian: cheryl casone here with the latest. >> baby steps at least here but the magic is back at least somewhat for disney. they're giving theme park fans specific dates for the hotels and resort to open. today disney deluxe resorts and the campground will reopen. the villas at the grand floridians are among these, the wilwilderness lodge are on the list. the parks themselves won't open until july 11th. epcot and hollywood studios open on july 15th. an online reservation system should be up and running by jun. guests will have to wear face coverings, employees will take lots of numerous health and safety measures. i don't envy the disney theme park executives right now. this will be quite the thing to pull off to get the parks back up and running and how do you manage crowds. jillian: if you could pass along the contact information for this next company for me, that would be great. >> i have it. oh, yes i do. drinking with a mask on it's become a problem for a lot of people. a new jersey company created a face mask that has a small opening for straws, it's called the taste mask. it's $

cheryl casone talking about. that cheryl.king about electric trucks i will get to ford. i will start with traditional motor transportation and most popular, the f-150. it's a cash machine for ford. they overhauled the pickup after selling 900,000 of these guys last year. they spent $42 billion. they will unveil the latest model for the f-150. they need the cash cow product to drive restructuring plan to pay off debt related to coronavirus. f-150 accounted for 37% ever the automaker's vehicles sealed in the united states. stock is up fractionally. the stock has struggled to be frank with you. the truck ranks near apple iphone among the country's biggest consumer products ahead of android operating system and refrigerators, believe it or not. the f-series is larger than mcdonald's, nike, coke and starbucks. half a million jobs created. 49 billion to the u.s. gdp. thank you, ford f-150 we'll get a look at the new truck tonight. i'm kind of excited. i'm from texas, charles. i'm a truck kind of girl. compare it to the segway. ther

rob: cheryl casone from fox business here with more on that. > it was crazy on friday. we are seeing a slightly higher open right now for wall street right now, following that big blow-out that we had on friday for the markets and really about the jobs report as well. the dow ended the week up 6.8%, that is a big gain, guys. the nasdaq gained 3.4% after briefly touching record territory during the interday session and the s&p 500 jumped 4.9% for the week. these are really large numbers, pretty impressive. you saw it live on fox business on friday morning. analysts predicted the economy would lose another 8 million jobs. but the nation added 2.5 million in may. by the way, that was a record, mark shaken said not only is this the most rapid bear market in history, it's followed by the most dramatic recovery on of record and that even though covid cases are still growing in certain states, investors are looking ahead 12 to 18 months which is what they normally do, to be clear. a lot of people are saying the market got it right. and while friday's n

rob: cheryl casone is here with the latest negotiations. >> it's all about money.his is so disappointing for a lot of fans. their quote, tell us when and where, those were the words from the player's organization while rejecting the offer for a shortened season. players rejecting the league's latest offer that would see a 72 game season, 80% prorated pay for players and a cot of $1.5 billion for the league. saturday night, the association accused the league and owners of not being financially transparent. in a statement the league said we are disappointeddeappointed b has decided not to negotiate in got faith over resumption of playing. the next move is on the league, especially the commissioner, rob manfred. the players gave him until close of business today about just tell us when to show up. we talked about july 14th as a possible start. but it's -- who knows at this point how long this is going to go. jillian: i said last week, i'll believe it when i see it. i stick with that. >>.we've seen self check out and we've seen regular check out. one store is checking

tom cheryl: good morning, i'm cheryl casone in for maria bartiromo; top stories 6:00 a.m.is morning, looking to gain back some of yesterday's heavy losses. right now look at dow in premarket, up 608 points, nasdaq up by 167, this happening this morning after concerns over spikes in coronavirus cases and what it could mean for economic recovery fueled major selloff yesterday. these are the yesterday numbers, dow losing more than 118 points, s&p down 188. we are now on track at this point to snap a three-week

cheryl casone on this momentous occasion. y new yorkers, today marks 100 days since the first case of coronavirus was confirmed here in new york city which has had more than 205,000 cases, nearly 22,000 deaths. here's what phase one looks like for new york. construction is back under way, manufacturing activity and wholesalers, retailers are able to open but only for curbside pickup or delivery. as many as 400,000 workers could begin returning to work today with new safety procedures like temperature checks and required face coverings and social distancing. timing is tough, though, folks. after looters terrorized new york city residents a week ago, smashing windows, looting retail stores and setting fires, mayor bill deblasio actually lifted the city's curfew a full day earlier but it might be too little, too late. i have been out and about today. lot of retail stores, restaurants, everything still kind of boarded up with plywood, i've got to say, which is disappointing. governor andrew cuomo, though, was seen riding the new y

cheryl casone with those details right now. cheryl. cheryl: yeah, maria. caused quite the debate on social media after nascar released this photo of the garage door pull that was in bubba wallace's garage. nascar said it checked every garage that is used for races and the one in talladega was the only rope tied this way. an investigation found that the rope had been there in that particular garage since last fall and was not directed at wallace personally. nascar says it's going to install cameras and require sensitivity training. the fbi says wallace was not the victim of a hate crime. wallace says he is relieved. the covid-19 pandemic took a heavy toll on nike's latest quarter, they posted a $790 million net loss after the outbreak forced nearly all stores to close for two months. sales plunged 38% from a year ago. one bright note, online sales jumped 75% in the quarter. take a look in the stock in the premarket it's down more than 3% in the premarket after those earnings. well, america's best selling pickup has a new look. ford rolled out a new and impr

rob: cheryl casone joins us with what it could mean for the company.e aren't really flying right now anyway. >> finally good news for dow component. the faa confirming the 737 max test flights will begin very soon, regulators approving a set of tests that could get underway today. the agency is moving forward to approve the jets returns to the sky, that means the government is finally comfortable with the multiple fixes to the aircraft. the tests, the final stages the faa always do before they certify an aircraft is safe to fly. this is the final steps. jillian: what's new at chick-fil-a you? >> mango passion tea lemonade. two new items coming out in time for summer and sports. first is this one, chick-fil-a is introducing a mango passion tea lemonade. the company says it tested really well so they decided to actually roll it out nationally. that gets rolled out today. rob: sounds good with vodka and a swimming pool. >> yeah, yeah. rob: what about -- don't listen to me. i'm just here for -- you know. shaq and a pizza, what's going on with that? >> when

to cheryl casone in the fox business newsroom for the details. wow. got played here, didn't it? cheryl: i think they might have. that's a great point, liz. this deal was for $7.3 billion that they signed with the europeans. it's going to give that european name a hold in the united states. all stock deal. values grub hub at $75.15 a share, 27% premium to grub hub's closing price of $59.05 last night. uber has been in talks to buy grub hub but talks fell apart over reportedly the price and regulatory issues, although as you mention, maloney saying that was not the case. could be a he said/he said thing. this will be the world's largest food delivery business outside of china. the companies plan to place extra value on volume at independent restaurants which should, they say, drive profits and drive growth for the company and when the news broke, shares of grub hub took off, went nuts. uber actually, as you can see again, was actually under pressure when the news crossed. wedbush analyst dan ives believes grub hub has about a 24% share of the u.s. marke

cheryl casone, you know, i have seen some brutal things on, that have occurred.no one is bailing those people out. reporter: we don't know if they are. i don't think the celebrities know if they are either, charles? are they helping to bail out peaceful protesters or bailing out those going out to create mayhem, possibly commit crimes. how do they know? several celebrities have come forward to support prince, the minnesota freedom fund. this non-profit whose sole purpose is to bail out low income individuals. hollywood stars like steve carell, seth rogen, ben schwartz, have said they have given at least a thousand dollars for bail. model chrissy teigen donated $200,000. members of president candidate joe biden's campaign staff said they donated to this type of cause. former democratic presidential candidate and former vp pick kamala harris took to twitter to support the minnesota freedom fund, if you're able to post bail for those protests on the ground in minnesota. but who are these protesters exactly? how many of them have criminal records? are they participat

to cheryl casone in the fox business newsroom. i was looking at this, they are expecting earnings growth of 200% plus. amazing. cheryl: the stock has rallied about the same. it really is incredible. yep, they report after the bell. these are first quarter numbers for the fiscal year. the question, though, here is this a one-off earnings win for this company. analysts say they are likely going to beat but by how much? investors expect a big jump in paid subscribers and did they convert, here's the question, free users to paid users. goldman sachs in a note said that is the biggest point to watch when these numbers come out. they are set to report earnings per share of nine cents and revenue of 66 cent% surge. the stock has exploded this year, rallying 200%. the u.s. going into lockdown in mid-march. they did reveal their user base had reached 300 million back in april and even though all 50 states have begun to relax their lockdown restrictions, not all workers are going to go back to the office. some not for months, some next year,

i want to bring in cheryl casone who joins us with more. e is a lot packed into that initial jobless claims, cheryl. reporter: the data is really telling. it is devastating data to be clear here. these are peoples lives that have been destroyed by this pandemic but let's first talk about the number of americans drawing unemployment claim benefits t went up 25.1 million for the week, pace of increase not what we saw in march or april. so these numbers are slowing down. it is troubling to see safe plan to start reopening workers were still at home according to continuing claims. experts point to the problem, several gop leaders have breath for the. many americans make more money by not working than going back to work. that is the continuing claims story. in fact research from the university of chicago found that 68% of unemployed workers who can collect unemployment will get greater financial benefits by not working. a new report from the cbo, five of every six recipient would receive benefits that exceed weekly amounts they earned by working.