we appreciate it. >> thank you, stuart. stuart: sure thing.ow you the major cruise lines. all of them are nicely higher. look at that. 12%, 14%, 12% up. they have been beaten down recently. they are sure enjoying a nice bounce today. of course, the overall market is up. maybe they are being helped by the overall market. >>> now look at macy's. i think we've got a big percentage gain there. yeah, up 12%. lauren, why? lauren: well, the news on macy's is that they needed cash to get through the coronavirus so they withdrew on a credit facility in march of $1.5 billion. now they are looking to repay most of that and they are doing so with a debt offering. the notes will be due in 2025. macy's is up 12% today. nordstrom, kohl's, gap, many of the stores really hit before the coronavirus, then exacerbated when the pandemic hit, they are all up double digits today. cruise lines are up, airlines are up. that's the trend as the economy reopens, the struggling sectors are bouncing back. stuart: it's the reopening phase. lauren, thank you. bankruptcy news

good stuff. >> thank you, stuart. stuart: programming note. luther herself will join us here on "varney & company." that's next tuesday. don't miss that. she's a star. >>> ford is getting back on track. the nfl has set a schedule for the fall. and today, nba teams, well, they can reopen practice facilities. a lot of them say they are not going to do it. we will tell you why. >>> the justice department drops its case against michael flynn but james clapper, president obama's national intelligence director, said this about the russia probe just last year. roll tape. >> if there wasn't active collusion proven, then i think what we have here is a case of passive collusion. stuart: really. turns out james clapper admitted before that television interview, he admitted that he had never seen evidence of collusion. steve hilton will deal with that next. meet jim. for jim, comfort is king. which is why when it comes to his dentures only new poligrip cushion and comfort will do. the first and only formula with adaptagrip cushioning technology. choose ne

stuart.d on the executive orders being unconstitutional. you know, we don't believe that one man should have that much authority. we don't believe that the governor can make legislation and enforce that as well. so we're suing him as well and this isn't just a partisan -- this isn't just a partisan lawsuit. we're also -- we have the house speaker as well as the president of the senate wrapped up in this as well. so this is a bipartisan lawsuit. stuart: forgive me for asking, have you been served with any kind of cease and desist order, or any order to close it down again? the authorities said anything to you? >> so the alcohol and law enforcement came by our establishment a couple of times. the first time when we had opened back up, they told us hey, we're not going to arrest you for being open, but we are going to -- we're not going to let you serve any alcohol. then a few weeks later, they came back and they gave us a little bit more harassment, saying they had a photo of someone drinking o

stuart: got it. andy puzder. >> thank you, stuart.ow, shelley luther, she is the texas salon owner sentenced to jail for reopening early. she joins me this morning, 9:00 a.m. eastern. she is a hero to me. shelley luther. oil, we're at $25 a barrel. 25.14. national average of gallon of regular case, i'm afraid gone back up to $1.84. the low was last monday, a buck 75. here is the cheapest in the nation, arkansas. average price of gallon of regular will set you back $1.48. cheap gas, that means we're driving more. does that translate into a demand for more cars? is that is what is going on, ash? ashley: well, yes. the interesting thing psychologically, stu, the perceived safest form of transportation right now is the car. it is really interesting. in other countries further along in the process, china, for instance, beijing's metro system usage down 53%. in berlin, germany, it is down 61%. why? people are getting in their cars. we used to like taking the train because we don't deal with the traffic jams. but now i only feel safe in my o

stuart: all right. obvious question, do you think we will hit 30,000 on the dow any time soon? >> i said i believe on your show last week, i think we can see new highs by the end of the year. the way we are going now, there's a lot of pent-up demand. typical of the scenario in terms of the fed being the underpinning and pillar of the market, now we see the ecb doing the same thing in europe. we know the bank of japan is doing that. when we see global stimulus there is no other alternative for anyone other than u.s. equities. stuart: yeah, the europeans are out this morning with a near trillion dollar stimulus plan. i think japan has a plan in hand as well. we are seeing this quite a remarkable turnaround for the airlines and cruise lines and hotels as well. that's really something. shah, thanks for joining us. i'm sorry to cut this short but it's a big news day. you know how it is. we've got this for you. you know how it is, shah. thank you. >>> this is happening in less than an hour. disney will presen

stuart: yes.ing, though, they are going to cut back more in june and the price of oil goes up a buck a barrel right now. that's 4%. 25 bucks on oil. energy secretary dan brouillette is with us now. mr. secretary, you've got a smile on your face because the price of oil is going up as the economy reopens. i never thought i would interview an energy secretary who was pleased to see the price of oil go straight up but you are. >> thank you, stuart. great to be with you. i have a smile on my face because we are beginning a transition to greatness as the president said this morning. that's what's really exciting about this particular economy. what we are seeing in the markets today are stability. that's what's important for these energy companies to survive this pandemic and to explode with economic activity on the other side of this pandemic. that's why i'm smiling today, stuart. stuart: we are -- it's not just the saudis cutting production in june. it's also our economy beginning to come back. one of

stuart, take it away. stuart: good morning, maria. good morning, everyone. the virus task force will wind down. the president is pivoting away from phase one, controlling the virus, moving to phase two, reopening the economy. he says you can't shut down forever. now's the time to get the economy moving again. more than 20 states are starting to do just that. look, friday, we are going to see just how bad the shutdown pain really is. we are going to get the worst jobless report in this nation's history, an unemployment rate likely to hit around 15%. this morning, the private sector reports the loss of 20,236,000 jobs just in april. reopening the economy is designed to try to bring back some or most of those jobs. so here we are. with all the bad economic news breaking around us, what does the market do? well, it rallies. for the third day in a row, the market opens higher. this is a bet on the recovery and a bet on the federal reserve, which is putting at least $4 trillion into the economy, and the treasury which is putting in over $3 trillion. that's called

stuart: okay.now, is disney's future as a big company dependent more on disney plus or the theme parks? >> great question. i think it's going to tie in both, really. i think one advantage of launching disney plus is the fact it can offer bundling, cross-selling across its various media assets, including the theme parks as well. stuart: my problem with disney plus is they don't have a whole lot of new stuff. whereas i'm a netflix guy and i see new stuff popping up almost every day and i like what i see. there's a difference here, isn't there? >> yes, stuart. you're not quite the target market for disney plus, i'm afraid. stuart: true. >> disney plus appeals to younger audiences. younger audiences will watch the same content repeatedly, so there's less pressure on disney plus to launch new original content, but they are going to launch some. than there is on netflix, where say adults are less patient and want new stuff all the time. stuart: i can see the point where disney would release movies straig

stuart: yes. susan: you push the money over, then i guess you work on the rest of the public relations battle. stuart: wouldn't it be nice to see taiwan included as well, because after all, they have done rather well against the virus. susan: that hasn't happened for 50, 60 years. i'm sure it's not going to happen overnight. stuart: well, it should. that's my point of view. the news of the morning, the big news is no question about it, it's moderna, positive results from their phase one of a vaccine trial. come in, governor asa hutchison, republican governor of the state of arkansas. sir, this vaccine news is very important when it comes to returning to work safely, bringing employees back safely. what's your response to this vaccine news? >> well, thanks, stuart. it's good to be with you. thanks for all the upbeat news that you are delivering today. i like it. in terms of this announcement by moderna, that is good news. any news that is positive in terms of the potential for a vaccine is encourag

stuart: right. picking up on that, he said to date, with the tools that we've used, that's not the final chapter. there's more to come. i think that's a plus for the markets. thanks, edward. that's what we are seeing right now, a modest uptick for the dow industrials. i see a gain of about 20 odd points. i want to bring in shah gilani on this. i liked what i heard there from the fed chair, especially the bit about we're going to use the tools that we've got to the fullest, and our response is not yet over. now, i know that you have been thinking about a second downturn for the market. does what the fed is saying make any difference to your prediction? >> it's a bit of a mixed message to me. on the one hand, he's promising pulling out all the guns as the federal reserve already has done, really the last step they can take is starting to buy equities and that may be in the future, if things get that bad. but what he's saying in terms of having to supply whatever's necessary is that the economy looks w

all right. >> thanks, stuart. stuart: sure thing. a new gallup poll, more optimistic about the economy and the market and that is helping the president's poll numbers. we will make that the subject of my take. optimism, coming up after this. . . . every financial plan needs a cfp® professional -- confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours at letsmakeaplan.org. and let me tell you something, with a cfp®rodeo...ional. i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more.

thank you. >> thank you, stuart. stuart: yes, sir.senator richard burr, stepping down as intelligence committee chair. the fbi seized his cell phone. he's accused of selling stocks right before the pandemic news broke, and preserving his profit. we are on that story. >>> the media barely covering the flynn case. for three years, they breathlessly told us that the trump campaign colluded with russia. now that top obama officials are involved, it's not worth reporting? is that the way it goes? joe concha here on the lack of coverage in the mainstream media. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection count

stuart: okay.erstood. >> we will work our way through it. stuart: we will indeed. senator, always great to have you on the show. >> good to be with you. thank you, stuart. stay safe. stuart: we are still holding on to that rally. it's thursday morning, a couple minutes to go, and we will be up over 300 on the dow. we will take you there after this. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. which is why when it comes to his dentures only new poligrip cushion and comfort will do. the first and only formula with adaptagrip cushioning technology. choose new poligrip cushion and comfort. confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours at letsmakeaplan.org. and let me tell you something, with a cfp®rodeo...ional. i wouldn't be here if i thought rev

stuart: okay. >> the second area i like a lot, i'm sorry. stuart, go ahead. stuart: go ahead.y interesting. don't want to hold you up. go ahead, talk to me about energy. >> okay. the second is energy. look, it has been a question of demand given the coronavirus epidemic. the demand is not going to stay here. we'll go back. states are opening. the world is reopening. the price of oil in my opinion is not going to stay at below 20. it will get in the mid 20s, probably maybe 30 or more. it is killing some of these terrorist nations, in russia because their total economy is based on energy. what's great is we're making, we're the biggest maker of energy now with fracking and refracting and horizontal drilling. all we have to do is store it. over a party as demand picks up people can make a lot of money again both in equities and individual bonds and again, closed end funds where you get double-digit yields. it its complicated. i will make an offer i ever made, people get ahold of me at b riley i will discuss with them personally, helping them if people need some help. how is that?

stuart: okay. you, sir, are sitting right in the center of i think it's probably the biggest tourist destination in the entire united states. what about the businesses near the theme parks in orlando? the restaurants, the bars, the many malls? are they open fully? >> we are excited about the reopening of our theme parks primarily because they do support many of the other businesses here in the area. what we should see are the hotels and resorts around the theme parks begin to bustle. in terms of whether or not they will open to full capacity at this point, the governor has directed that they be reopened if you are a restaurant or retail outlet to 50% of your capacity. we are at what we call full phase one here within the state of florida and at some point, our governor will announce that we had go to phase two. phase two will allow additional businesses to reopen but we are excited about what we are doing at this point. stuart: your honor, thank you very much for joining us. we really do hope busin

stuart: okay. have started the turnaround. look at that. just in the last couple seconds, we now have the dow industrials up 40 points, the s&p is up three and the nasdaq composite is up 17 points. you got that right. we've got a turnaround. forgive me, folks. i have to just fix my ifb as it's called so i can hear people talking to me. i fixed it. do we have the vice president? okay. i'm not hearing anybody. okay. let's go to facebook and amazon right now. both of them are hitting all-time highs. i keep on about this but this is a very big deal. these are two gigantic companies and they both keep moving up, i'm particularly interested in facebook because they just keep on going up and up and up. there's a gentleman working on my earpiece as we speak. you want to put me back on camera, you will see john, our esteemed audio man trying to figure out how to get -- there you go. that's john, by the way. i will be back in touch with everybody very shortly. meanwhile, look at that. now, facebook is up nea

stuart: all right. fox news contributor lisa booth joins us this morning, right-hand side of the screen. good morning, lisa. i've got to say -- >> hi, stuart. stuart: -- i don't think joe biden looked all that comfortable quite frankly but then what man would look comfortable in that particular situation. what's your reaction? >> i also found it questionable that he says he will not call on the university of delaware to release documents pertaining to his time in the senate. he even said that he doesn't want to do so because the documents could be used for campaign fodder against him even noting particularly things relating to putin. i find that questionable for him to say he's not going to release documents while simultaneously defending himself against an allegation like this. i will also say i keep asking myself what would be the motivation of tara reade to step forward. she's a life-long democrat. she says she voted for hillary clinton in 2016, or the motivation of her neighbor, her former neighbor,

stuart: okay. gordon, i want to play for you this clip from joe biden speaking at a university in china. this was back in 2011. listen to what he's got to say. >> in order to cement this robust partnership we have to go beyond close ties between washington and beijing which we're working on every day, go beyond it to include all levels of government, go beyond it to include classrooms and laboratories, athletic fields and boardrooms. stuart: i don't know what joe biden is saying now but gordon, what's your response to what he said back then? >> well, that's obviously the product of five decades of failed american engagement policy to china. you know, the vice president can talk about more chinese involvement in the united states, but china was absolutely determined to remove american involvement and influence in china, and that's what xi jinping did during the obama years and what he's been doing during the trump years. so yeah, it sounds nice but it is actually naive. i think dangerous, because we

stuart: yeah. get me some liability reform, too, because that would really help. >> yes. stuart: all right, shah, stay there. i will can babe back to you in second. royal caribbean on the screens now. i believe there's news about their bookings. susan, i can't believe this is positive but i guess it is. susan: it is positive. bookings for next year, 2021, they say are similar to last year, meaning 2019, and prices are up mid-single digits compared to 2020. i think that's very positive. they are also very cashed up as well, given how difficult the environment is for cruise lines and that includes being cashed up $2.5 billion on the balance sheet. they also raised another $4 billion in a line of credit and $3 billion by secure bond issuances. so they feel the pressure right now given that their cash burn is around a quarter of a billion dollars each and every month that their ships are docked and not sailing. we know that 45% of those that have canceled itineraries have asked for a cash refund and th

stuart: dr. marc siegel, right-hand side of the screen, what is wrong with asking your doctor if it's okay to take hydrochloroquine, he or she says yes and you take it. what's wrong with that? >> there's nothing wrong with that. actually, you hit right at the heart of it as usual. hydroxy chloroquine is being studied right now by the nih for people over 60 for mild cases. the answer's not in yet. it's also being studied in detroit for 3,000 health workers who were just exposed to it, like president trump, had somebody near them that had it. that answer's not in yet. in the meantime, if the president wants to confer with his physician, who knows his medical history, who knows his risks of side effects, who knows his risks of having a severe case of covid-19, and they come together, dr. conley and president trump come together and make that decision, the media should stay out of it. they have nowhere to be in between the doctor and the patient. this is a typical politicizing of a medical issue. stu

that raid by stuart alarms the railroads in pennsylvania. they realize exactly how vulnerable they are. they have already lost bridges, now rolling stock, and the confederates have proven a well-planned raid can reach the very heart of some of these northern railroads. some of the photographs taken of the confederates. they raid the warehouses first, and then burn chambersburg, so rolling stock and warehouses. this is what the town would've looked like an 1862, as stuart's men arrived. governor curtin is alarmed by this and frantically starts dispatching with washington about how can the cumberland valley be better protected. in 1863, the railroad has another problem. they rebuilt the depot, rebuilt the warehouse, rebuilt the turntable, just about everything, just in time for the gettysburg campaign. and the confederates come back to pennsylvania again. now instead of jeb stuart, it is alfred gallatin jenkins from the west virginia area. he will lead his calvary into chambersburg and they will start raiding the railroads and find out the sco

stuart: a few things have happened.beginning to understand the dignity and value of the work being done by low-wage workers. i would think that this would continue, whether we get to the other side of the pandemic. but even now we see some amazing things. let me give you an example. pride operates both beef and poultry plants. in the beef plants, they have said because of the hazards you face, we are giving you for dollar an hour increases -- $4 and our increases. people in poultry plants face the same hazards, and they are getting sick and dying, but jbs has refused to do the same for those workers. lisa: stuart applebaum, we have to leave it there. president of retail, wholesale and department store union. this is bloomberg. ♪ these days staying connected is more important than ever. so we're working 24/7 to maintain a reliable network, to meet your growing internet needs. we're helping customers who are experiencing financial difficulties stay connected. we're increasing internet speeds for low income families in our

stuart got to know make stuart in dresden why i said i knew her name from before but we've never met that was the 1st time. i danced congress 2019 makes do it is the 1st choreographer to be made artistic director. she hopes to create lasting connections collective experience through dance improvisation and perhaps even that utopia. the global community. connections are real the conversations are grounded and they're all sharing different experiences together. and it's great to be in a social dance class with. them be and dialogue with with students it's just really i find it really mix and i feel like it has a real promise for no other way of for us to strengthening this whole dance community. so i look at the movements between people i'm interested in social currency. it can be so simple when we go to meet someone do you how do you greet them what or how do we navigate social space social interactions and movements. and what causes change which causes people to really mobilize around a certain idea. to get passion about something where they stop being neutral and stop being an obser

housing, abigail stuart khan. our police chief bill scott. thank you so much for joining us here today. we're here to provide an update and answer questions during our virtual press conference. as of today, we have 1,954 reported covid-19 cases diagnosed in san francisco. and sadly with 35 people who have lost their lives. 71 people are currently hospitalized, and dr. colfax will continue to provide an update of where we are and why the need to continue the work we've done around sheltering in place is so important to continuing to maintain the curve. as a reminder, data sf.org/covid19 is our website so that you can access data or information that you may need regarding the numbers that we know exist around those who have been diagnosed, but also information by zip code as well

stuart: interesting. it's wildly surprising but there you go. all right. what have you got for us, susan, on this rally? susan: i'm watching 3,000 for the s&p 500. that's been a resistance level for a lot of this rebound from the depths of march. we only crossed 3,000 in july of last year and since then, we bounced below that with the selloff we saw last month. a lot of traders aretechnicals,

stuart: i just wonder if there's a trial balloon. a big threat, i'll move if you don't let me open up. whether it's a real threat or not, i don't know. it will be a really big deal to move the manufacturing to another state. after all the trouble he went to to open up california. susan: it's the only car producing factory in america. he's in a lot of trouble right now if he wants to get to that 500,000 delivery mark by the end of this year, as he had promised, right, so fremont builds the model 3, model y, model x, crossovers, you name it. so he's concentrated really in one single place which is being squeezed right now. but as he said, the shelter in

stuart: good morning. would say we are reasonably positive about how the market behaves, but probably a little bit concerned about how quickly the market has moved higher, and if the markets are appropriately discounting some of the risks that chair powell identified over the last week or so. one thing i would highlights, it is easy to fixate on s&p 500 and where the nasdaq is. they seem to be pressing a much stronger recovery. but if you look at small-cap, high-yield, how european markets have traded, those have rebounded quite a bit less. i think that is also sending a bit of a signal that while people are buying stocks, they tend to be buying larger, high-quality, safer tech, safer earnings growth type of stocks, whereas other parts of the market, if you section off that bit, seem to be pricing in something a little bit less excited about the markets. so we are paying attention to what is happening in large-cap, but being aware that other parts of the market are not pricing that degree of recovery at. a

stuart got to know make stuart in dresden. i knew her name from before but we've never met that was the 1st time. i danced congress 2019 makes do it is the 1st choreographer to be made artistic director. she hopes to create lasting connections collective experience through dance improvisation and perhaps even that utopia of a global community. their connections are real the conversations are grounded and they're all sharing different experiences together. and it's great to be in a social dance class with the term attorney and then be in dialogue. with students it's just really i find it really mix and i feel like it has a real promise for no other way of perth to string. and in this whole dance community. so i look at the movements between people i'm interested in social courtesy. they can be so simple when we go to meet someone do we how do you greet them what or how do we navigate social space social interactions and movements. and what causes change what causes people to really mobilize around a certain idea. to get passion

francine: stuart, thank you so much.eden has taken a bold strategy toward tackling the coronavirus pandemic, but has scandinavia's biggest economy been successful in its approach? we meet with sweden's finance minister. that's next. this is bloomberg. ♪ francine: economics, finance, politics. the former chair of the hong kong democratic party says china should drop its proposed national security law. emily lau says most do not want independence for the financial hub just to have their views heard. >> first of all, they should drop this national security law, which we rubberstamp parliament in beijing is definitely going to pass on thursday. if they were just cool it, stop it come and talk to the hong kong people, talk to the political parties, the legislators, what is needed, what should be done, what are the concerns of not just the political parties but the bigger community, i heard some business people are saying they are rethinking their plans in hong kong. do you not think that now with this national security law or

stuart's panel will be dave ramsey, ken coleman and chris hogan.deo questions, and we'll get them on the air, invested in you at foxbusiness.com. that'll do it for us for this weekend. thanks so much for joining me. have a great rest of the weekend. from all of us, a good memorial day. i'll see you again next time. ♪ gerry: hello, and welcome to "wall street journal at large." well, it's memorial day weekend, the weekend when we remember those who sacrificed their lives for the country. it's also normally the unofficial start of summer and a time for three days of r&r for millions of americans. but these are not normal times. as the country grapples with the economic devastation caused by the lockdowns. as of this week, all 50 states have now finally allowed some nonessential businesses to open but with limits. memorial day beach v

well stuart sick thought it was thought that was simple but also you know after the mission in new york the thought of formosa patil to what is too little too fragile for the wooden. horse also. should have all the way up mr. bush was the people on board i was just scared stiff but. if we have something like she's taken in the whole coast coming up we'll take arms. to try to defeat and will really be loose i mean nobody lives anymore and this isn't a coaster king this lonely the city street scene me it's not going to be. time after time called parisian to repeat the same mantra sustainability it's very important it's accelerating transitions to sustainable transport sustainability stay number man at a more equitable and sustainable well. they claim their production is completely harmless. it does not the companies want us to feel good about buying their products while the damage is being done far away this is 2nd eldest that's the point any minute i'm a new mother and since i moved in this new me doing the nieminen einstein theme then he understood superman and. well there are all of us

our final questions are for director abigail stuart khan, homelessness and supportive housing. dr. stuart khan, your question is: the mayor tweeted on friday about the newest safe sleeping site and said the city is looking for new sites. what are the sites that are currently still being considered? >> thank you. so as the public may be aware, and just thanks for the opportunity to revisit things that are happening for residents who are unsheltered on our streets, when the epidemic began, the healthy streets operation center, which hsh is a part of, paused shelter encampment -- excuse me, encampment resolutions. this is because moving people into shelters was no longer possible given that congregate sites are a difficult location for people during a pandemic caused by covid. and so we know that this means that there are more people living unsheltered than there were before, and we know that even before the pandemic we didn't have enough space for people. we also understand that in a crisis people, unhoused and housed, want to be together, that community is what makes us feel safe du

stuart: there are three ways to try to get out of this.world war ii , thedent, -- precedent first way, which would clearly not work, is the kind of austerity we used after the financial crisis of 2008 to 2009. we raised taxes, we had a reduction in government spending, and we gradually reduced the debt to gdp ratio. that is not going to work. there is a huge demand to fix the problems in our health care intem that have been exposed this crisis. that will not work. the second is just a default in whole or in part. the third, which i think is what will be chosen, is with low inflation and low interest rates , to try to grow our way out of this gradually. it will take years. from world war ii it took almost 35 or 40 years, but we gradually did reduce the debt, and i think that is the only way to do it. we have to have progrowth policies in the future to do it. thatis going to mean instead of having the v-shaped recovery, that will not happen. there is too much damage already done. it will be slow and gradual and painful. withe moving into a w

at the same time, stuart, you have people who want to go back to work. they want to know that when they get to work it's going to be safe and then the people they interact with aren't going to pass on the virus to them or, you know, social distancing, its. in ohio, governor dewine says 90% of ohio's economy will be back to normal by next week. at one point he said, you know, everybody has got to wear a mask. then he reversed himself he said people don't want the government telling them what to do. ultimately it, comes down to we have got to do it. we have got to social distancing, but we have got to do it on our own terms. >> precisely right. we have got to open up. otherwise, we risk the collapse of the economy. we have got to do it in a way which it doesn't ensure the safety of the consuming public. but it reassures them that if they go back to that restaurant. go into that bar into that store there is a high degree of safety built into the protocols for reopening. it's a balancing act. steve: got to be safe. >> exactly what the president said last nig

but, stuart, what we're trying to do is to make sure that from thejune the 8th, when the measures come longer have people coming into this country who can, as it were, reinfect the uk after we made this huge effort to reduce infections and get the r down. so, that's the reason for the quarantine system. we hope it will be bearable, we hope that people understand why it's necessary and we will take every step to ensure that we make things as manageable as possible. i cannot tell you what provision we've yet made for people self—isolating, whether they will receive food and provisions, i think possibly, it would be reasonable to assume, as they come into the uk knowing the rules, that they will take steps to self—isolate somewhere where they can make sure that they are provided for, but obviously if they can't, then local authorities are ready to make sure that they are well looked after. yvonne, do you want to say anything about the spot checks? thank you, prime minister. stuart, we've been working hard over the recent months since we set up our contact tracing advisory service in march

>> stuart, thank you for the opportunity to talk about this. i do agree with senator warner that this is a moment that will help us drive change that we have needed anyway. we are in the middle of a fourth industrial revolution paid your bringing industrial software to the world and with tools today that simply did not exist one decade ago. while we have been on this transformation the last two months have shown us that manufacturing is absolutely critical infrastructure that we need to strengthen. but when we look at it, i see two really important opportunities. the first is something i will call the strategic digital twin reserve. what is that? what i'm thinking about is -- think about what happened as coronavirus began to impact us and we thought about the healthcare needs and we look for what kind of equipment our medical technology would be needing to take care of patients. quickly identify ventilators is a real need. we needed hundreds of thousands, if not millions ventilators and we do not have that and feared we did not have the capacit

they will basically duplicate what stuart was doing in 1862. but they will do it -- long before sherman's neckties, these guys are taking rails and heating them over bonfires and letting the rails droop so they are not valuable anymore. in some cases, they are wrapping bowties around trees like sherman will do in 1864. pickett's men are doing it in 1863 in the cumberland valley. not in georgia, of course. they will show up at chambersburg and burn everything that's been rebuilt. this poor railroad had already rebuilt virtually every one of its facilities bigger and better than they were before jeb stuart hit them, and now george pickett has arrived, with infantry. these guys do a very, very thorough job on the cumberland valley railroad, particularly on july 1. 156 years ago today, while battles are raging at gettysburg, george pickett is destroying the cumberland valley railroad in chambersburg, pennsylvania. on this very day, hence the reason for this talk and its utility as far as anniversary celebrations in gettysburg. pickett has a jolly o

our final questions are for director abigail stuart khan, homelessness and supportive housing. dr. stuart khan, your question is: the mayor tweeted on friday about the newest safe sleeping site and said the city is looking for new sites. what are the sites that are currently still being considered? >> thank you. so as the public may be aware, and just thanks for the opportunity to revisit things that are happening for residents who are unsheltered on our streets, when the epidemic began, the healthy streets operation center, which hsh is a part of, paused shelter encampment -- excuse me, encampment resolutions. this is because moving people into shelters was no longer possible given that congregate sites are a difficult location for people during a pandemic caused by covid. and so we know that this means that there are more people living unsheltered than there were before, and we know that even before the pandemic we didn't have enough space for people. we also understand that in a crisis people, unhoused and housed, want to be together, that community is what makes us feel safe du