that's according to the s.e.c.release september 29, 2018, harm to shareholders would seem to me to be down 10% on the back of a tweet. bk, what do you say? >> yeah, i think cabin fever seems to be getting to elon musk i don't understand the up side here the s.e.c. is generally trying to prevent people from pumping up their stock i don't know, maybe he's being antagonistic, but there's no up side to this, and i think it does call into a little bit of question what's going on with him. and yeah, i wouldn't be a buyer at tesla >> guy, what would you say >> i'd say, i mean, other than the obvious, i didn't know he lived in gene wilder's how, and it got me thinking about my favorite gene wilder movie, which is clearly "young frankenstein," what was yours? >> willie wonka. >> no question it's up there we could run the whole thing if you want, we could finish the show with this with that said, the board of directors, you have to silt man down and give a cease and desist his twitter account, just on the back of what elon m

is that the lem s.e.c. has much bigger fish to fry, and so the question about action against him on the is one that'sweet iffy because there are many more particularly s, now with covid-19 that the excellent is doing an ob of paying attention to and n that sense, musk is just a recurring thorn in everyone's worth ut he may not be effort.e and energy and there are some possible things done, however. don't know whether anybody will even consider them, but one thing that could be done is when seeks to raise capital, they could be required a huge up front risk that companies' stock is volatile than other whimsical due to the company's ings of the c.e.o. scarlet: that's a possibility, if we were to look past elon musk's history his the agency and agreement with the s.e.c., is there anything potentially problematic or illegal of a c.e.o. of a company talking down a share price like this? else, would yone this be something that the s.e.c. would concern itself with? harvey: i think so. i think there is a lot wrong

and we do know the doj and s.e.c. just the whiff of this could really hurt people, and i am telling you, liz, the facts don't show much insider trading here. that said, there's obviously an investigation. we should point out that loeffler tells fox business while she won't comment on whether she's been contacted by the s.e.c. or doj, looking at these congressional stock sales, she does tell fox business she hasn't received a search warrant. i believe mr. burr has received a search warrant to see the electronic communications he made prior to stock sales, after his stock sales, to try to create a -- show a pattern of whether he might have committed insider trading or done something illegal. again, loeffler's people tell me she hasn't received that and what we have reported earlier in the week, as you know, i think exclusively on your show, is that she is thinking about going to the s.e.c. and saying here's the evidence, tell me if i did anything wrong because she's pretty certain she didn't, and looking for an exonerat

what are the chances that we'll see s.e.c.football in the fall. >> well we still have a long way to go until labor day weekend when the football season would kick off. our focus is on preparing to play as schedule. our announcement today is the first step in that process. it is something for which we at the conference office have been planning, our institutions have been planning for weeks and arguably months. we've engaged medical experts to guide us and that led us to this initial step which i think is a healthy opportunity for our young people. >> larry, what does this decision mean for the pac-12? >> yeah, we're going through a similar evaluation. we have a world class medical advisory committee and you could imagine the hospitals and research centers we have in the pac-12. and we've got three states in our conference where gyms are already open and student athletes are waning -- are wanting to get back and we feel they'll be in a safer and healthier position if they could have access to the world class medical care, super

ncaa will allow this but in s.e.c.with football, the voluntary practices are anything but voluntary, kelly. >> on the $4 billion mentioned that's kind of at stake here over the football season is that tv revenue they just play the games and fine and does that have to kind of take into account whether anybody's in the stands? >> that 4 billion is total revenue for the main five conferences so maybe a billion of the four is probably from people actually showing up to the games whether that's the tailgating and the tickets and that and certainly a mixture athletic fees of students, donations, media contracts and the tickets themselves. >> all right so i guess some golf on tap this weekend. >> start with the golf. >> i hear that peyton is very funny. that's what they say very funny eric, see you later. >>> as stores begin to reopen some are seeing more demand than they thought will it lead to more stock gains? who will take the lead we'll ask right after this. >>> as we head to a quick break, taking a quek look at the dow

here, the fact that we now have information about the brother-in-law trading, the s.e.c.at all of the activity in that -- in senator burr's broker's accounts, while there may be an inability of the government to access the communications to which senator burr himself was a party, that does not apply to the brother-in-law that does not apply to the broker so there are a lot of avenues for discovery that could ultimately result in a prosecution or prosecutions. >> interesting >> so back to your -- you know, fundamentally, back to your question, while the proof itself to pull together may be little bit more difficult, circumstantial evidence may nonetheless be compelling. >> well, you know this stuff, through and through. jacobfrenkel, thank you for joining me >> thank you >>> coming up, we'll talk former google ceo eric schmidt weighing in on the pandemic and the path forward earlier today. here's what he had to say about it >> the fact of the matter is that we're not treating this as an information problem you need some way of knowing whether people have the disease or whe

>> being from the s.e.c. and college football is bigger than life in the s.e.c.'s hard for a lot of people. it's just mind boggling that there may not be sports this year. i hope that it is, but it's going to be rough for a lot of people, because most people in the s.e.c. and just that love college football altogether, they padded their year around their favorite college football season. and it's going to be hard, if there isn't a season. >> we'll see. michael, co-owner of the philadelphia 76ers. nba owners got a glimmer of hope that the league is in talks with disney to resume the season. >> i'm an optimist and i believe that we'll see sports come back in july without fans. i think that's going to be the right way to start. but i spend a lot of my days talking to other owners in the nba and other sports. and everyone is working really hard to bring sports back, as soon as we can do it safely. it feels like there's a lot of momentum to get sports back, really across the board. and baseball, nba, hockey, football in time. i think it will happen, i think it will be

the ground was meant to be a currency not just of security and this was supposed to be out of the s.e.c. jurisdiction and at the time the as then mentioned this is one of the biggest i.c.'s with the largest influencers groups aside from libra so if this actually took off this would have made been a tremendous threat to the current currency structure as we know it but i thought it telegraphs oh i wouldn't say i was going to say but it kind of bizarre if you look at the way the united states laws are made up in the 1st place where you have states who have their own jurisdiction so state the state it changes a lot of what laws are changed i mean if you look at you know the cannabis industry here in the united states in some states it's legal some states it's not so for them to do this on the world stage and say hey you guys can have this legally because americans might have the opportunity to do this how do the far the authority there. well they don't have the authority to do that it's simply just like the money it's a fee order that says we have the authority to declare that people can't

if you ignore the s.e.c. request to do for a chinese or any other company what they can do to all the other companies in the world, and that is audit their audits, and if you ignore the s.e.c. for three years, then you got to take your business somewhere else. you know who that is going to help the most, mr. president? the investors. the invests of america and -- the investors of america and the investors of the world. most of the companies that are pucial companies -- public companies, i believe, tell the truth but some of them don't. and this is hard-earned money that people are investing. mr. president, the name of my bill -- strike that. the name of our bill, senator chris van hollen, the name of our bill is the holding foreign companies accountable act. as i just explained, it's very simple. for that reason, mr. president, as if in legislative session, i ask unanimous consent that the committee on banking, housing, and urban affairs be discharged from further consideration of s. 945 and the senate procee

have to file is an annual audit but we take a step further in the united states. ..ath or within the s.e.c. called the public company accounting oversight board, pcaob. really all that board does -- i say all. it's important -- that board inspects the audits that the companies file, not because they think the companies are cheating think the companies are cheating not because they think the companies are cheating, though some do, but it's like when we play poker with friends. i played poker with friends. they are my friends but i cut the cards every single time. and that's what our sec does to this board. they say we will double check your audits. and everybody has to comply with that c rule. american companies, british companies, malaysian companies, turkmenistan companies. except one, chinese companies. they just say no. they just say no, we're not going to do it. and do you know what we do about it? nothing. zero. zilch. not a. this is not a two or three month phenomenon. this has gone on for years and years and years, and all of us in the executive branch, and yes, and congress, we hal

so they came to an agreement with the s.e.c.t the tweets by to be preapproved tesla's general counsel. i was reading some research from our litigation analyst. she said that this tweet indeed could violate that deal, but could argue that his opinion on tesla's stock price is based on past results, indicative of a future market event, still the that negative headline, that tweeting at some and y concerning news shares ended up lower by did 10% on the day. emily: in the meantime, i feel we have to talk about oil. 7% and ares plunging obviously oil has been something to watch over the last few weeks. hat is happening more broadly in the energy sector? taylor: the energy sector within sector of the s&p 500 had its worst day down about 6% or worst performer of all of the major sectors in the s&p 500. to see a ntinuing divergence here between the energy stocks and actual crude prices. crude is back up to almost $20 a barrel. today.up 4.5% or so the energy stocks are not performing as well. capping s you know, their -- cutting by 13% a

so, a number of big-name stocks being bought by the saudi pension fund, according to s.e.c.ings that adds to other investments they have already made, including in carnival cruise lines and livenation, the big concert promoter so, if you look at it, boeing, carnival and livenation, kind of an optimistic play on the u.s. consumer coming from the saudi sovereign wealth fund. they also took big stakes in four global oil companies as well there are some names at the pif was buying big time into >>> it is not just here where we are seeing some green on the screen let's go down to julianna tatelbaum in our london news room with more on those markets, which are all up pretty nicely to kick off their week as well >> that's right, brian european markets are bouncing back strongly this morning more than 2% gain for the german, british and french markets. the italian market lagging just slightly this comes after last week the stoxx 600 dropped about 3.8% taking a look at the sectors, we're seeing a strong bid for the cyclical parts of the market within travel and leisure, which is up 2

are you concerned there will be some s.e.c.estigation into him or any kind of charges, and you know, do you ever envision him coming back to the united states? >> look, patrick and i are long-term friends. we worked shoulder to shoulder for almost two decades. i have the greatest respect for patrick. i think that the stories that he was trying to expose will see the light of day sometime. i don't know if the s.e.c. will look at him or not. i trust patrick that he's done the right thing and that won't impact the company. what i'm really focused on now is making sure our employees are safe and understand what's going on during this pandemic, that our customers have product to buy and then we do the best we can to deliver those on time in a way that makes them happy, satisfied customers, particularly all these new customers that we have never seen before on overstock.com. liz: yeah. well, thank you very much, jonathan, for giving us the story of at least one company that has done extraordinarily well during a very difficult time i

as you know, we have been reporting she's been seeking those letters from doj and the s.e.c.to you. neil: indeed. she was just on saying i consider this done. we will see what happens. charlie gasparino, thank you, my friend. a lot more after this, including the latest on apparently the nasa administrator that said we're good to go, after this. uth accident forgiveness allstate won't raise your rates just because of an accident. cut! is that good? no you were talking about allstate and... i just... when i... accident forgiveness from allstate. click or call for a quote today. unlike ordinaryveness wmemory supplementsr? neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. memory, focus, accuracy, learning, and concentration. try neuriva for 30 days and see the difference. they come from people who... were brave. and took risks. big risks. bring your family history to life, like never before. . . . . print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation

we combed through s.e.c. filings and found more than 50 small business loans worth more than $150 million which went to publicly traded companies in california. recipients include software companies, chain seafood restaurants, an investment group that owns boutique wineries, and a sports memorabilia authenticator. >> the bigger fish you are the closer to the government you are. >> reporter: other sba loans include $2 million given to a hide-share rental company, 3 million to a southern california real estate developer, 4 million to an online auto parts dealer, and $10 million to a peer to peer lending application with more than 400 employees. some companies decided to give the money back and explore other options when they realized they were competing with even smaller businesses for the money. >> the communities depend on the mom and pop shops. >> reporter: marian barajas is a spokeswoman with the small business administration. >> so at the beginning what happened is there was this big rush to apply and comm

going to go to health and help the health care arenas then they're going to go to wall street all the s.e.c. need to really back down because it's going to interfere with the advancement of our economy it's going to touch all of us and the only thing we can hope for is that the democrats show that maybe they are a little bit different from republicans and actually step up to the plate in stop this whole thing rizzi to thank you for joining me ok. thanks. week a gunman attempted to drive into a texas naval air base but was stopped by a sailor who was wounded at the scene the f.b.i. is now investigating this is an act of terrorism and has also released details about last year's pensacola air base shooting it's all been linked to terrorism i've got legal analyst molly barrows with me to talk about it. this story is troubling on so many well right laid out for so good all right so this is the latest shooting happened last week in texas corpus christi n.a.s. naval air station corpus christi and man from corpus christi his name is adam sahi and he basically tried to ram run through the gate he ha

quoted , and these quotes are included in their s1 documents, when they filed for an ipo with the fec, s.e.c he is quoted as saying, "at google, we want to get you onto google and out into the web as quickly as possible. and, in fact, that is the entire point." today, not only is that not true, but google is steering all of this traffic to itself, and therefore, in a sense, the de-oxygenating the entire worldwide web and stifling ,nnovation, and, ultimately harming consumers, because they are net getting access to the best information from across the internet. host: my sense would be that a yelp would depend on google in many ways. luther: it is a codependency. when google started, it had a dual pledge to consumers it was . it was, "come to google and you will never use altavista or yahoo! ever again." focus on cultivating great content and architecture your site in particular ways, and you will be rewarded with an audience. it was the symbiotic bargain that google entered with all these webmasters. google needed robust helpful content, and the trade was google would then reward people who a

telegram open network and then also the gram cryptocurrency as you mentioned the problem is that the s.e.c. started fighting them in 28000 the f.c.c. was claiming that this was a violation of securities law and then in 2019 began to find them and try to crack down on them and then in october of 21000 a judge ruled against telegram essentially saying that this project could not move forward and that they had violated the law not just in the united states but that the project can move forward anywhere in the world because u.s. users and investors mice try to still access those that graham cryptocurrency and so as a result of that tom is now dead in the water a telegram announcing that they are no longer going to pursue this project because they say that the u.s. district court judge didn't just shut down the project for the u.s. but has blocked it for the rest of the world and that's not just a shocking thing it's a pretty scary thing you know kristie winter off announce that telegram's time network project was over with he said that american courts shouldn't have the power to stop the sale

and that she has forwarded documents to the doj, to the s.e.c. and the senate ethics committee establishing that she and her husband acted entirely appropriately and observed both the letter and the spirit of the law. senator lawfler's husband has to be head of the new york stock exchange. thanks for getting up with us this morning, danny. some major developments, to say the least. what do you make of this unprecedented nature of the attorney general getting involved here basically signing off on an fbi warrant for a sitting senator inspect how significant is this? >> investigating members of congress for insider trading is somewhat precedented. the debate clause of the institution generally protects members of congress from being intimidated by the executive branch for things they say or do in congress. whether or not that extends to a search for someone's personal cell phone, the federal court last year held that it doesn't extend to protect personal electronic devices and things like that. so in all likelihood, this is something that would tha

. >> reporter: according to s.e.c. filings, quantum reported more than $402 million in revenue last year. records show the ceo made more than $337,000 last year. plus he was awarded a stock option of more than $1.9 million. >> wasn't really happy about that. >> reporter: joe field, who owns a comic back store has yet to see a dime. he's applied through three different banks. >> you're still in line. but we're not going to allow you to apply yet. >> reporter: that deadline to respond to the congressional subcommittee is today. no word yet from quantum on if any portion of that $10 million will be returned. >> what a story. and then there's this. a silicon valley engineer is being forced to return tens of millions after he failed to provide 1400 ventilators to the state of new york. his neighbors tell the i-team they saw warning signs on his social media before that deal went public. we're live with the story tonight. dan? >> reporter: dan, he has no experience in the health care field, but now claimed he would have made

and the latest s.e.c. of krucustomers are not asg for cash refunds. >> reporter: i'm dianne gallagher in atlanta. stores around the country are all limiting the amount of meat that customers could buy per trip. at this one it is on chicken and pork. but it varies across the country. experts say it is not about a meat shortage. there is plenty of meat. this is simply to prevent panic buying. although economists do say you may see an increase in meat of 20% this month. >> reporter: i'm sara sidner in seattle. we sat down with washington state governor jay inslee. he said that his state still does not have enough personal protection equipment and not enough tests and not enough testing swabs. where does he put the blame for that. squarely on the president who he said has the power to force the federal government to mass manufacture the things the states need to fully reopening. he's not disappointed with the president's leadership buttin fury ated for weeks but he is now seeing some of the items finally come

companies press releases with no, no second eyes, like no peer review, no fact checking, something the s.e.c. would never let a public company do with their finances, for example. >> poppy, that's a great point. it is really important, again, as i said earlier, just with the clinical trials that we have to follow our rigorous procedures about how we deem something as valuable and useful in individuals. if we start getting ahead of ourselves, with just, you know, basically unfounded press releases, we are going to have what we just saw happen with the hydroxychloroquine happen again and again. >> now, to be fair, dr. fauci who is leading this vaccine response, has noted encouraging results, not just astrazeneca, but the moderna study earlier this week. he says, i asked him this very question, i said, does this -- when would this mean -- these early results, granted they're early, when would this mean a workable vaccine could be widely available in this country? he said it is possible given this by the end of this year. that's possible. do you find that timeline credible? >> yes, it is incredi

looking for a clean bill of health not just from the doj who announced it yesterday but also from the s.e.c. my sources say she's likely to get that as well. again, not a -- i have no horse in this game, this race. the case against her was absurd. okay? bottom line. back to you. liz: charlie, thank you very much. we are watching a very strong market right now, two days in a row. look at the dow jones industrials, up 375 points. the s&p back in the green, up 28. nasdaq, back in the green, up 32. so aiming skyward, of course, as we wait for the big spacex nasa launch. 4:33 p.m. eastern time. we are one hour and three minutes away from that. in the meantime, the covid-19 crisis lighting a match on brick and mortar universities and colleges. up next, in a fox business exclusive, the ceo of chegg, the online textbook and education star of silicon valley, is here. what higher education must do to extinguish the coronavirus flames. >>> and tune in to the america works together town hall. stuart varney tomorrow is the host along with dave ramsay, ken coleman and chris hogan. send in your questions

with a national broker to assist with franchisees that may not have had the best relationship with an s.e.cnder or p.p.p. right out of the bat larger franchisees figured it out. smaller ones did it without our assistance we're there stride by stride working to help them secure as much liquidity as possible 82% of our, let's call it -- yeah, right at 82% of our restaurants have received the loan another 7% have been approved and are waiting for funding. and then those that haven't we're still assisting, figure out if they need it or not some are part of larger systems with other franchises aren't affected as much as full service is and may not have needed it quite as badly >> you've done remarkable things with your balance sheet over the years. buy back over the years. something like this comes along. this is a business interruption from hell frankly. what have you done to shore up your balance sheet >> well, of course, you know, right away we focused on liquidity and focused on our franchisees' liquidity primarily. we are a 95% franchise business. as the franchise goes so goes the brand. on

, you mentioned the payouts here friday night after the market closed they putt out an 8k with the s.e.caying to revise. many senior execs to forego bonuses for the year and eligible for a $25 million payout split amongst 21 executives earlier this year if they meet the criteria and stay for the year and also provide bonuses to the rank and file employees. they're going to try to keep operating when it's got to be a very difficult time and has been for a while, kelly. >> real quickly. if it files for bankruptcy or able to avoid that it's going through a huge negotiation with stakeholders and lawyers and so forth. will that compensation be at the heart of this? in other words, will those either the equity holders, bondholders, have a say in whether that $25 million is paid out for not? >> i don't know if they'll have a say in it. the board passed it and filed it friday night they can complain. whiting petroleum, little different story, whiting petroleum which bankrupt a couple weeks ago they did this late night pay out the top executives, $14 million, that generated a firestorm within tha

the fbi and the s.e.c.have to figure that out, but frankly, when it comes to investing in public stocks, there should never be a question over whether the investments are made using non-public information. there should be no opportunity for members of congress to tow the line of legality, and there should be no concern for us, the constituents that our elected representatives are putting their portfolio ahead of public interest, ahead of the work they promised and were elected to do. the stock act, as it stands, provides too much room for doubt. by the way, the stock act of 2012 passed the senate with a vote of 96-3. one of the senators who voted against it called the act ludicrous saying, quote, we're doing this at a time when we should be talking about the economy and jobs. why do americans think so little of us? that senator was richard burr. oe crohn's disease. yes! until i realized something was missing... ...me. you ok, sis? my symptoms kept me- -from being there for my sisters. "...flight boarding fo

learned that republican senator kelly loeffler has turn eed ove documents to the justice department and s.e.c connected to her rent stock transactions. she's under scrutiny for selling millions of dollars in stocks in the days and weeks after she was briefed about the coronavirus pandemic. the trades were made by a third party adviser. this comes as senator richard burr stepped down as the chairman of the senate intelligence committee while he's under investigation for also selling off stock. this week his cell phone was seized by the fbi as part of the probe. the senator says his stock moves were based solely on public information. and senator dianne feinstein has also been talking to the fbi about her husband's stock trades. she says she personally had no involvement. joining me now, the senator who co-sponsored a bill years ago that would have made all of this illegal but it has dwrt to pass. ohio democratic senator sherrod brown. what do you think of this, and do you think your colleagues should step down? >> i don't know if they should step down. i don't know for sure what they did. i do

the s.e.c. and every agency deals with nothing but but do their rules apply to, the exceptions, etc. so i always thought that was justice brandizes the third category as far as the first amendment was concerned or at least most of it was. so how in your view do you distinguish what is in that third category, look to see if it's reasonable, what is in the first category never uphold it almost no matter what,, how, what's your way of doing it? mr. stewart: i don't think we have a succinct test we capture all cases but remind the court of certain guide posts that are set up. one is it you can tell exclusively from the content of a message whether a particular law applies, then that's very likely or almost certain to be content based. and in reed it refers to those content laws that target speech based on the communicative content and even if you thought the government content was subject based it wouldn't follow the automated call restriction is conextent based, the automated call restriction doesn

that's what the s.e.c. has to clean up immediately. stuart: got it. gsx, we will watch it. you very much indeed for being with us. >> have a nice day. stuart: fed chairman powell on "60 minutes" talking about the economy. take a look at what he said. >> has the fed done all it can do? >> well, there's a lot more we can do. we're not out of ammunition by a long shot. there's really no limit to what we can do with these lending programs that we have. stuart: now the fed chair, jay powell, will be testifying in congress tomorrow. one of the people doing the questioning is senator mike rounds, who joins us right now. senator, there's a lot of talk about how the fed has a lot more tools, more arrows in its quiver. they could print a lot more money, they could do that. do you want them to? >> we'll wait and hear what the chairman has to say tomorrow about what is already going on. let's not do this in a void. let's allow them to gather their data and to present it to us. that's what tomorrow's meeting is all about. he and secretary mnuchin will come in and share what's happened.

gaap, they have been an s.e.c. filer since 2014. they hold themselves in the highest standards of transparency, but that doesn't mean there's not a lot of focus and concern about those continued tensions and what it would mean if you saw a bill like this passed >> our thoughts are definitely with the people of hong kong you and i know several -- it's been a tough year already. we hope it doesn't get any worse. we'll watch the markets here on this final day in which the nyse is trading remotely or virtually. let's get to bob pisani. >> looking forward to that on tuesday, carl. we're pressing 3,000 and just having trouble with that that's right where the 200-day moving average is for the s&p 500. having a lot of trouble with that i'm optimistic about the broadening of the market that trend continued this week looking at the sector leaders. bank stocks up today the russell is outperforming on a relative basis industrials, retail. these are part of that broadening of the market story energy is underperforming, oil is down. there is that

and it will be included in s.e.c. filing that facebook puts out in the next couple of days but for now, zuckerberg's control prevails back over to you >> i guess, julia, shareholders don't have that much to be upset about because the stock has done relatively well even in the face of huge challenges like the regulatory overhang and the political battles and the controversies over fake news the performance has spoken for itself >> yeah, that's right. look at that year to date performance, up about 12%. so the stock has done well, but also, these are complaints that share holders have had for years can now. this is just the later and i believe the theird or fourth yer that asked zuckerberg not to be chairman as well as ceo. and they know that zuckerberg controls the majority of votes i think it is really more about making a statement, asking the company to take steps to have greater oversight with the full knowledge that they may not win the vote, but they can send a message. >> true. julia, thank you and on that note,

s.e.c. has repeatedly said they're frustrated over the ability to check the papers of chinese companies. there's a whole stew of issues affecting all of this. very complicated alibaba, by the way, reporting tomorrow finally, we have an ipo at the new york stock exchange. it's virtual ipo, it will be manually opened. but it's a well known name select quote, everybody knows this company they do a lot of advertising insurance policy comparison website, and they upsize the whole thing. the price stock was $17 to $19 and they are doing $20 by any stretch of the imagination, this looks like a successful opening for an ipo. positive territory guys, back to you. >> all right thanks, bob. >> let's get to rick santelli as well, who brought us those -- another tough print on jobless claims hey, rick. >> hi, carl. indeed, while we're waiting for the market services and manufacturing pmis, we can look at a intra day of tens the data this morning wasn't shocking, and it wasn't hugely surprising, but it wa

>> the s.e.c. is coming back in the fall >> yeah. comes to tyson, one would have expected this to be a strong period for the company. the demand for their product is through the roof yet, as you point out, they've not been able to capitalize at all and having a lot of missteps >> my travel trust owns it, i'm ashamed i own it i thought this would be their time now i just want some enterprising journalist to go outside their plants, find out what's going on there. i think they have a lot to answer for maybe they'll say, listen, no, we don't the we're doing exactly what the government says. that's usually the answer these days, right? hey, the government. well, i guess so but we need this -- we need to go back to the upton sinclair days where we looked into these situations i would like tyson to come on. look -- maybe it's like carnival, there's a perfectly innocent excuse. look, we followed the rules. maybe tyson is following the rules. maybe the rules should be changed and tyson is a good actor -- hard for me to believe, but i'm jimmy

we won't have a better understanding of how many loans until the s.e.c. creates their second bank.r example, if a number of m.d.i.'s have been engaged. so we're reliant upon that. and once we start collecting our data, we'll be able to properly make a profile and full reports will tell you more. >> is quarles on yet? >> can you hear me? >> i can hear you. basically i'll be very, very quick. the $500 billion in the cares act that goes to treasury. that what's the federal reserve doing to make sure this money gets to those who need it. number two, is there any county and city measures in place? >> we're working closely to ensure that the design of the facility -- facility is as broad as possible and takes account of as large a slooth of each category of potential borrows has been is appropriate but also, the different fafrlts are sturled with respect to proceduresed by did not have specific sort of recovery procedures in place beyond the terms of the facilities themselves. that is to say, personnel and mechanic nisms but he will be standing those up promptly. >> thank you, mr. chairm

the public accounting board and s.e.c. have commented on this and there will be more of that.mply with the united states standards if they want to raise money here in the united states. so that's another area of issue and discussion and frankly, i think china's going the wrong way. maybe they will get smart and move in a better direction but right now, there's been a lot of miscues from china. stuart: 30 seconds. that's all i've got left. can you tell me this. is a vaccine, a proven effective vaccine, is that the big key to getting our economy back where it was two months ago? >> well, it's one of the big keys. and it's moving very fast, really warp speed. by the way, a lot of deregulation going on and we have always cooperated with the private sector so i think that would be a huge plus. i also think, stuart, the biotech companies and pharmas are looking at therapies, medicines, to deal with the virus right now. so the vaccine is a longer term but the potential therapies that might come out this summer may be very reassuring to americans, american work force, america's busine

i was looking through that s.e.c. filing yesterday.lon musk has only paid $23,000 last year, compare that to $2.3 billion he was paid in 2019 but still, if he pockets some of this stock sale, that's still pretty good change for a year, don't you think? stuart: it's a wonderful piece of change but i'm told he will put a lot of that money into his space project which i'm all in favor of. susan: the surprising part was that he's now increased his holdings to 20% of the company. that's worth about $30 billion. stuart: wow. that guy is quite an entrepreneur. all right. look at the futures, please. we will be down at the opening bell. the market really worried about what the president will say about china. >>> still to come, the business owner who is suing governor newsom. wineries that serve food can open. wineries that offer only tastings cannot. we are talking to a very important vineyard owner. that's in the 11:00 hour this morning. we'll be right back. i was born in '37... it was a very struggling period of time. up and down. depression

big public university, s.e.c. school, about 35,000 in its enrollment.ike when they go back in august in terms of how many kids are in a class, how are they living in dorms, all the things that are such a part of college life. how do you mitigate with all these kids being on top of each other and living together? >> i've seen a variety of different ideas about doing this. one is kind of a throwback if you will to the ancient greeks. but it is hold some classes outside. another is bring in smaller classrooms and create that 6 foot separation, smaller numbers of students in the classroom obviously. that means doing some teaching at night, doing some teaching on the weekends. it means getting cooperation from the faculty to kind of stretch it out. a number of small schools are looking at bringing in the freshmen for whom this experience as we all know is so seminal, when you come in, that first year away from home is crucial. and bring managemeing in the sed taking some portion of the sore are more and juniors online, that creates space in the college setti

live in alabama, and what nick saban, the most popular person in the south, except there's some other s.e.ct on your masks. it will help fill up our stadium in september. we can get back to the way we live if you wear your mask. >> we have a picture of the president actually wearing a mask when he was compelled to do so by people at the ford motor company. bill ford said please wear one. and they -- i think he looks better. i don't know. he's worried about how he looks. he's worried about, i guess, people not seeing him as looking strong. >> this is a good example for america to do that. >> it seems to me that -- >> he needs to do it. >> let's be strategic about this in terms of public relations. if you tell the world that you don't want to be seen in a mask and they see you in a mask, you have even more reason to be embarrassed. you've shown to the world that you're afraid to be seen in a mask. it's like he painted himself in a corner, susan. >> he has, and it's nothing new for him, mika. it's him trying to show strength. and one thing i wish that over this memorial day weekend while he's