Transcripts For FBC Mornings With Maria Bartiromo 20240712

When the adp is released for last month. Take a look, tripledigit gain right out of the gate. The s p is up 15 and the nasdaq higher by 39. The easing of lockdowns raising hopes of economic recovery and fueling markets again yesterday, s p 500 and nasdaq up 3 days in a row with dow up 267 points at 4 00 oclock on wall street yesterday. Mark zuckerberg defends leaving President Trumps posts up. Investigating the origins of the russia probe, Rod Rosenstein testifying before the senate today, he approved the third and final fisa renewal to surveil carter page. Mornings with maria is live right now. Global markets this morning with a firmer today. Take a look at indices. Cac quarante in paris 89 and as lockdowns ease up encouraging nine the euro zone meanwhile. Take a look at euro zone purchasing Managers Index up from 12 in april to 30. 5 in the month of may, thats certainly what was one of the fuels for this market rally in europe this morning. South korea announcing additional 29 billion of stimulus, anything above 50 shows growth but export orders falling for fourth month if a row. As you see the best performer was korea, kospi index 3 overnight. Top stories, tensions still running high across america, protests go on for eighth straight day last night over the killing of george floyd, peaceful demonstrators deterring violence yesterday as Police Departments across the country crack down on curfews. Some protestors defy those orders. In new york city got stuck in bridge, passing citys curfew, 28 states and washington, d. C. Activated the National Guard at this point. In washington, d. C. Mostly Peaceful Demonstrations heated up just after midnight last night, protestors attempted to tear down the 8foot fence at Lafayette Park near the white house. Police using pepper agents to control the crowd. Law enforcement has been criticized for using teargas on protestors, but they actually werent using teargas that was the media saying it was teargas. That was before the president s walk to st. Johns church this week. Park Police Say Police officers did not use teargas and used pepper spray that may have similar symptoms. Nearly 3,000 people arrested in Southern California since friday during demonstrations over George Floyds death, most of those arrests happening in los angeles county, the suspects charged with looting, burglary and vandalism according to la times. Los Angeles Police arresting a man for allegedly impersonating a soldier, taken into custody along with weapons after he allegedly tried to join a unit protecting downtown from looters. 6 Police Officers charged after video released showing them alleged litassing two College Students in atlanta, body camera footage officers pulling students out of a car stuck in traffic because of protests. Two of the officers were fired for using excessive force, four others on administrative leave. The officers are facing assault and battery charges and expected to turn themselves in by friday. President trump paying tribute to a retired st. Louis Police Officer who was killed during looting, he was working as a Security Guard in pawnshop. The president tweeted this, a great Police Captain from st. Louis who was viciously shot and killed by despicable looters last night. We honor Police Officers perhaps more than ever before, thank you writes the president. He was 77 years old, 38year veteran of the police force, condolences with his family this morning. Protestors again taking to the streets of new york city last night, Kristina Partsinevelos in downtown with details. Kristina, what can you tell us. Kristin good morning, maria, it was the second time where we had curfews and appears that it helped businesses here because there isnt broken glass, im standing in front of sacks fifth , theres flood lights on each side and appears enough to keep this building intact, retailers are really desperate to protect their property even in soho hiring private guards as well. This comes at a time when cuomo mayor de blasio at 11 00 p. M. Tweeted that seems like the curfew was working, the curfew set for 8 00 p. M. But theres been a lot of back and forth between mayor de blasio and the governor and including the lieutenant benevolent association, politicians using the members of Law Enforcement as ponds. We could show you more individuals, there was breakage at gap store, looters overall but definitely more peaceful than previous nights. Theres over 2,000 arrests spanning over the course of 6 00 in the evening. We also had protestors try to cross over from brooklyn bo manhattan. Somewhat of a standoff but Police Officers were able to get them to turn around. Overall i spoke with Police Officers, some are working 24hour shifts nonstop and the issue, though, is looters versus those protestors, the looters, a lot of them are losing cars looting cars and stores. Maria kristina, thank you very much, a wild scene all week in madison avenue, uptown, we will talk about that this morning. Joining the conversation former secret Service Agent and bullet proof author, also with us fox business Dagen Mcdowell, real clear politics cofounder and president tom beven and michael lee strategist, meekal lee, great to see everybody this morning, thank you very much for joining us. Let me kick it off with you this morning and get your reaction over peaceful protests overnight. Do you think that things have turned from what we saw earlier in the week where there was massive looting to now a little more law and order . I think so. We are seeing a much more coherent plan put in place, officers seeing what happened the night before and where they need to fill in those gaps, people coming together but its important for the political leaders to be behind Law Enforcement and to be leaders and help guide in strategy that is they are putting in place and make sure its a collective effort. Maria yeah, i mean, youve written police are in difficult situation and lack of leadership and you dont really have you dont see the support from the governor and the mayor from the police and support from what we have seen with these strategies. How are police going to get this right . This is a difficult thing. You impose a curfew, hey, theres a curfew, you need to go home and the person says im not going home, at that point you do you forcibly do you put hands on them. The minute you put hands on another human being its going to escalate. If i put hands on the other human being this could escalate and later on will i be criticized for doing this. This was a peaceful person and they dont want to leave and this is where it gets confusing. You want me to enforce curfew, what am i allowed to do, if i do that will you support those actions . Maria yeah, good point, dagen. Dagen as we said on this program and i know we will talk about it later over and over again, what is bail reform, punch an old lady in the face and not have to post bail or shoplift from a drugstore, you dont have to post bail, what message does that send . I think we are now seeing that it gives way to destruction where crime isnt treated as crime and criminals are coddled and thats whats been going on in new york. Of the hundreds of looters that were arrested theyll be out, no bail, back on the street. , this is straight from the nypd chief of the department, terance if the New York Post that no bail, turned right around and by the way a lot of this is on the stores. Why were the stores filled with millions and millions of merchandise since they have been shut down since midmarch, some people got smart, the tesla cars they werent out on display, why was a rolex store filled with millions of dollars of rolexs, why were the luxury goods retailers filled with merchandise waiting to be stolen because these stores have not been open since midmarch. So some of this is on the actual stores. Sacks may be too big but the other stores essentially sitting ducks. Maria i understand that but still you dont even if you have stuff in the window thats locked up, you dont expect that its going to be looted, yeah, youre right, why did they have so much product in the window. Evy, your reaction. You know, i hear to what shes saying, if you know things are getting heated, you yourself as Business Owner you shouldnt solely rely on police. They really have their hands full. Do what you can to protect yourself. Do i see, maria, that theres a level of responsibility that we all must take on our own so if i have a business i will board it up and if i have merchandise that i dont want to get stolen, i agree with that, you are putting it out there, advertising for the taking and so given the environment that we are in, there are things that you should proactively do to minimize the risk that youre going to put yourself in. All right, we will leave it there, evy, great to have you on the program, thanks very much, evy, we will see you soon. We are just getting started. The niece of Martin Luther king jr. Dr. Alvita king. Pat toomey joining us on the protest and violence overnight and former new york governor is here and says cuomo has power to remove bill de blasio from office. May adp number as well as the Economy Today and richard joining us on manufacturing in america, protests and pandemic. We have a big 3 hours coming up. We will slip in a break. Mark zuckerberg, chief of facebook not backing down when it comes to President Trumps social media post, thats coming up. Stay there. Im greg, im 68 years old. I do motivational speaking in addition to the substitute teaching. I honestly feel that thats my calling to give back to younger people. I think most adults will start realizing that they dont recall things as quickly as they used to or they dont remember things as vividly as they once did. Ive been taking prevagen for about three years now. People say to me periodically, man, youve got a memory like an elephant. Its really, really helped me tremendously. Prevagen. Healthier brain. Better life. Now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Maria welcome back, markets are higher this morning, futures indicating a gain at the start of trading. Dow industrials up 192 points right now, investors optimistic as businesses across the country do reopen, progress is being made for coronavirus treatment and may jobs report due out on friday, we are looking forward to that. This morning we are expecting a private Sector Employment estimate from adp and once again we are looking at some serious job losses, estimates call for 9 million jobs lost in the month of may which is an improvement from the more than 20 million lost in the month of april due to coronavirus pandemic. Joining us right now ceo of etf trends tom, tom, good to have you this morning, where do you see the flow in the middle of all of this, what are investors doing . Tom its kind of a bifurcation because we have seen some sectors really hurt, energy, travel and leisure, financial, real tough shape, however, definitely areas on the market that have done well. You look at fang stocks which are the darlings in the last 25 years, they are todays work from home stocks, if you like at microsoft, etfs the nasdaq 100 represents 47 of the Market Capital of the companies. As more people are bracing technology, working from home, buying more online, areas of the market that are really promising. Maria yeah, we are seeing that from where they are. Mike lee, jump in. Mike hi, tom, the markets seems stone throw away from hitting alltime highs, why do you think the markets have done so well . Tom obviously the government has done a great job and backstop in there and i think the markets feel that. They came in right at the right time. Americans, the big thing now is getting them back to work. Unemployment is really scary but the balance between getting america back to work and keeping americans safe is the big question at this point in time, however, when you look at wall street there are definitely things that are going on behind the scenes. For example, in health care, biotech, the innovation tends to be speeding up and looking for a vaccine as part of that, areas like sequencing where we can get ahead of future diseases is important. Our specialty is etfs, we have seen record 210 million come in so far in the etf so far 210 billion in et, if etfs which says americans feel positive about the stock market. Maria where are you seeing most of the flows, is it in technology, is it in growth, biotech as investors try to understand where the vaccine is going to come for covid19 or any vaccine for cancer for that matter . Tom maria, we have definitely seen buys in particular technology and biotechnology and health care been some of those areas, Companies Like aikk etf which is the innovator etf, theres also the Cloud Computing etf which is when you think of companies that are like spotify, zoom, areas that we are embracing that are going forward, the etf is up almost 30 so far this year. The nasdaq 100 is up 11 this year with s p 500 is still down 5 , but with the s p maria youre right. Tom we still have the fang stocks that are really doing real well. Maria i know that a lot of firms are coming with cloud etfs, tom, good to see you, tom lydon and quick break we are zeroing in Mark Zuckerberg defending himself, he has to defend himself for not texting or tweeting out about the president s tweets. Facebook chief reportedly saying as he deals with internal backlash for not pushing back on the president s posts, back in a minute. Maria welcome back, standing his ground, facebook ceo Mark Zuckerberg defending decision not to Dagen Mcdowell, your reaction to this . Dagen this is the only kind of outrage that you will see from people that are safe and secure in highpaying jobs and cozy and comfy in their cacoons of obliviousness, this is what they get upset about rather than, well, david, retired Police Captain who was murdered trying to defend a pond pawnshop, stop looting of a pawnshop. Where is the outrage about that . This has been going on for years, murder after murder and now after this and employees are upset about the president s posts not being edited. Wake up. Maria unbelievable. Such a good point, dagen. You are great. Well, i mean, you can also compare it to when google walked away from the pentagon contract because employees were upset that google was going to be working with the pentagon over immigration. I mean, its absolutely outrageous to see what these employees are doing because the company is working with the government and working with President Trump. What Palmer Luckey said in an interview that i did with him, imagine during world war ii major u. S. Companies said to the government, look, i dont want to, you know, bother with working on this with you because i really need a food hold in imperial japan, i mean, its absolutely outrageous. Dagen imagine the brain power it takes to be that stupid that you somehow convince yourself that helping the communist government of china is aok but turning your back on the nation that gives you the freedom to operate and even found that business. I will never i will never be able to get my brain about that one. Maria i totally agree with that one. Tom bevin thats what we are seeing in major investors where they have all of the talk about esg policies but they are action investing in china and investing in the companies that are tracking the uighurs that are in camps right now. Tom zuckerberg, i dont want to paint him as free speech hero. Hes trying to walk this fine line and and he said in the call yesterday that he look he sees theres going to be a significant period of unrest and reveal the policies and they cant do them on the fly, obviously facing pressure from all of the employees and tons of folks you know, liberals from around the country. Im shocked at frankly how folks with nancy pelosi and Elizabeth Warren have rushed head first into this, we need to censo, are the president of the United States, liberals were for free speech but certainly arent anymore when it comes to this president. Maria everything goes because its trump, you can wiretap anybody unlawfully. Its trump. Trump will not be here forever. Whether its in november or four years from now. Everyone talks about trump violating norms, the norms being violated by the media, by folks, the government, by private companies that are again trying to, you know, walk this free speech balance, those are going to last forever. The shoe will be on the other foot in the near future and its a dangers game that folks are playing when it comes to Core Principles like free speech. Maria you are absolutely right. It is dangerous thing which is why i get outraged by what took place in the 2016 election. We will talk more about that. The Mainstream Media wrongly reporting officers used teargas on protestors in washington on monday. We are taking a closer look when we come back. Stay with us. Can my side be firm . And mine super soft . With the sleep number 360 smart bed, on sale now, you can both adjust your comfort with your sleep number setting. But can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable, and snoring . No problem. And done. Will it help me keep up with him . Yep. So you can really promise better sleep . Not promise. Prove. And now, save up to 600 on select sleep number 360 smart beds. Plus, 0 interest for 48 months on all beds. Only for a limited time. Maria welcome back, good wednesday morning, im maria bartiromo, it is wednesday june third, top stories right now 6 31 a. M. On the east coast. People defying curfews but there are signs of relief. Markets are pointing to higher opening, we are looking at a rally underway. Tripledigit move with dow up 187 points, three quarters of 1 , nasdaq higher by 36. The easing of lockdown raising hopes of economic recovery fueling markets again, dow and s p 500 up better than 37 from the lows which were hit march 23rd, Global Markets with firmer tone this morning, take a look at european indices, green across the board as lockdowns ease across europe as well, ftse 100 up 81, cac quarante up 104 and dax index in germany up another 300 points, another 2 and a half percent encouraging signs of growth in the euro zone, purchasing Managers Index up from level of 12 in april to 30. 5 in the month of may. In asia overnight markets rallied as well. South korea announcing additional 29 billion in stimulus and we did get more Economic Data out of china reportedly expanding the pmi there rose to a level of 55 in may and anything above the level of 50 shows growth but export orders did fall. Americans returning to work could receive bonus under new republican bill. Cheryl casone with those details, cheryl. Cheryl gop congressmans bradys bill would give americans receiving Unemployment Benefits onetime 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 600dollar week unemployment benefit supported by most democrats and also seen as discouraging many workers from returning to their jobs roughly twothirds of workers on unemployment are earning more than government aid than they did at their previous job. Thats 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 alaska, canada and new england through october. Norwegian cruise line will set sail this year with safety guidelines, temperature checks for guests an crews before meals and activities, boarding and infiltration system. Well, zoom video, they are zooming, clear winner as more people use the companys Video Conferencing app during the pandemic, zooms latest Quarterly Results blew out. The streets forecast and the company doubling sales guidance, sales due by 169 as profits increased to quarterly record, 3,000 people by the way attended a zoom meeting, stock is up more than 1 and a half percent right now. The stock more than tripled since the start of the year. Take a look at the year to date chart on video communications. All right, extreme weather, all eyes on tropical coast cristobal moving along mexicos coast, expected to bring powerful winds and heavy rain all the way to saturday. Tropical storm could approach the u. S. Gulf coast, landing somewhere between texas and louisiana this weekend, potentially strengthening to a hurricane by next monday. Those are all your headlines from the news room, maria, thank you. Maria all right, cheryl, thank you. No teargas in Lafayette Park. This is according to u. S. Park Police Officials who say that they cleared the area without using any chemical agents when President Trump walked through the park earlier this week to st. Johns church that was monday evening. The acting chief saying that in a statement, quote, as many of the protestors became more combative officers then employed the use of smoke canisters and pepper balls, no teargas was used by u. S. Pp officers or other assist officers and enforcement partners. This comes despite reports from the Mainstream Media claiming the use of teargas. Chris bedford, chris, great to have you on the program, good to see you again, thanks for being here. Mollie hemingway wrote a great piece, the entire narrative that the media locked onto that President Trump was a monster that used teargas on peaceful protestors to do something meaningless and take picture. This was all over twitter and all over social media monday after the president did this walk which was supposed to have a message of strength. Your reaction. Chris the social media, this whole thing has been driven by completely false narrative, maria. I drove down to washington, d. C. Just two days ago what had happened, what was going on in my city and all the windows were boarded off, the office building, Small Businesses spray painted, windows smash, black, white and asian and hispanic Business Owners trying to clean the wreckage and as mollie wonderfully pointed out in the piece, first time in history that Police Officers not wearing gas masks walked through clouds of teargas and the reporters not unlike the reporters of the United States when they covered the disturbances and riots have no idea what they are talking about. Ear pieces and plugs to protect hearings mistaken by reporters by rubber bullets, smoke canisters designed to spread up protestors have now been mistaken for teargas, claims from the assistant pastor at st. Johns that concussion grenades were used. I think that would have been noticed and have not. Joining with king mob over here, none of that was true. Maria unbelievable. The credibility is shot of the media. How are we going to believe anything that comes out of the Mainstream Media anymore . Again, this is on top of the origins of the russia probe. Chris, you and i were there together. We watched every day the hysteria that went on for 3 years, well, today we have former acting attorney general Rod Rosenstein set to appear before the Senate Judiciary committee today, chairman Lindsey Graham assayed that theyll focus, the doj inspector generals report on the fisa courts which found significant errors and omissions as part of the application to spy on former Trump Campaign adviser carter page and, chris, we know that already the doj told us that two out of the four wire stops were unlawful, all they wanted was a window into the Trump Campaign so they can Trap Campaign officials and takedown donald trump, this went on for 3 years, more lies and speculation from the media about collusion. What do you think we will hear today . Im hoping that we will see chairman nunes accusations bear out because everything so far has been released and affirmed all of it. The idea that rosenstein used the steele dossier, a completely ridiculous conspiracy theories to justify this wiretapping and these warrants, fisa warrants on members of political opposition party, to call people agents of israel, carter page of memo, memo outlining what exactly mueller could do to get hands on primary source and take a look at it after it was finally released, it shows that the fbi was almost entirely reliant on these ridiculous conspiracy theories and hes going to pretend as he said before that he had no idea, he didnt do any due diligence, he didnt understand that this was a political attack memo. We all read this. This was released by buzzfeed even though media decided not to release it a couple of years ago and its a ridiculous series of accusation that is the fbi never actually backed up. He will face tough grilling on that. He will probably dodge all day. Maria yeah. But it didnt matter. One by one the media went on and on about collusion with russia and in september of 2018 i have a sound bite of John Ratcliffe on my show sunday morning futures, maria, i interviewed all of these people from the Obama Administration from susan rice on down, they all said the same thing, no evidence of collusion and then they walk out of the the hearing room that was behind closed doors o, yeah, like adam schiff did its in plain sight and the media ramps it up. No wonder no one trusts whats going on. Final word here, chris. Chris i wouldnt let adam schiff or any of his people be source of reporters after the first things leaked embarrassed so deeply. Theres no shape on this. Maria they dont want to give up their sources even though they were totally used by the way. Good to see you, thank you, sir. Chris bedford joining us there. Healing a nation, the niece of dr. Martin luther king dr. Alveda king is here on ending the unrest across the country. Thats next. Back in a moment. Maria welcome back, protests taking hold across the nation once again in the wake of the death of george floyd in police custody. Demonstrations remaining largely peaceful overnight with violence breaking out in some cities despite the curfews and National Guard presence, joining us right now the niece of dr. Martin luther king, jr. , evangelist alveda king, great to have you here, thanks very much for joining us this morning, give us the thoughts on the protests across the country. Good morning, maria, and all of your viewers. The thing is america has been confronted by a spirit of lawlessness which will not do. We have to have righteousness and justice in place. We must have peace, so we can have justice and the reason that i say that even though Martin Luther king, jr. Said that violence is the language of the voice of the unheard, we have to be nonviolent. They do not complete, Martin Luther king, jr. Said no violence and with this lawlessness, the way its confronted you must have order. President trump understands that. He made a very clear message when he walked across the lawns without harming anybody, that did not happen and as he stood in front of the church, very strongly he was reminding us that theres prayer in the white house, that he believes in god we trust, he believes in a nation, one nation under god. With that type of i live in atlanta, georgia, our mayor was saying that the National Guard has been engaged. Of course, we would rather that not be necessary but if its temporarily and for a short period of time of time we must restore order. Maria yeah, dr. King, what advice do you have then for the protestors . I believe that the protestors have to be peaceful. I was a demonstrator, protestor in the 1960s, youth organizer and in the open housing, Fair Housing Movement and we were instructed and taught to demonstrate peacefully, to march together, sometimes we were saying we had a purpose, we marched to city hall, young people in forefront who protested there. We did even lay down in chambers. I remember we did that but we did not resist and we did not fight back and no struggling and no fighting. Maria Dagen Mcdowell. Dagen alveda, what would bring more people back into the church . Do you think thats something that will ultimately remind us that theres a higher power and also bring us together as a country . We had a fascinating, phenomenal experience with the church during covid19 and the shutdown, the church never shut down, it never shut down in that the church is not a building and walls only. You can go in the building and sit in four walls and participate and act together but we the people are the church and so the church is actually grown during covid19. Weve had more prayers, more prayers and offerings believe it or not and we have been on social media. My church did social media for several weeks and finally move today parking lot and its excite to go worship in parking lot, so we have to be the church maria yeah, thats a beautiful sentiment that we are the church. I love the way that you say that. Let my bring tom bevin, go ahead, tom. Tom alveda, some supporters are saying that taken context that your uncle would have supported the riots, he would not have supported the looting going on, what do you think he would say if he were alive today . My father ad king was the chief strategist in the movement, Martin Luther king jr. s, i marched and demonstrated with the same principles and when i broke at one time my daddy reminded me very sternly, no, we have to be nonviolent. Daddy sat on a car in 1963 after they bombed our house to rioters, stop, stop, if you have to hit anybody hit me. I would rather you go home and he went onto lead songs and prayers. The other preachers, all the preachers, when they marched they wore preacher roles quite often and had bibles with them. Had no money to pay their bail, they made a song out of that, begin to worship god and sing and the prison doors opened and chains fell off and so we Martin Luther king, jr. Was nonviolent. I wasnt always but i learned but nonviolence is what we need and the word of prayer. Maria dr. Alveda king, great to see you, we will see you soon. Thank you, alveda, we will be right back. Maria back from the brink, the u. S. Chamber of commerce reporting that nearly 8 and ten Small Businesses are well on the road to post pandemic recovery. 41 of those saying they are fully reopened with 38 partially reopening, Southern States more likely to reopen and report open businesses. Michael lee, your reaction to where we are in this road to recovery given the enormous amount of stimulus and relief that we have seen from governments. Mike so, maria, i think the positive things from the protests or riots is that we can get back to work. If you can put thousands of people on top of each other in the middle of the street in the middle of new york city we can open Small Businesses, so i i think this is going to accelerate the reopening of america, kind of the Silver Lining and whats going on right now and i think the government stimulus is actually from the treasury has been fantastic, what the government has essentially done backstopped the s p 500 from liquidity and solvency standpoint which allowed markets to recover keeping wealth, a lot having to do with higher unemployment checks as well as the onetime stimulus and if you look at the Savings Rates spiking the 30 , i think you have a lot of pinned up demand and this recovery will be a lot quicker than most initially thought. Maria all right, we will take a break and we are looking at looting across america this morning. One Business Owner on how hes staying safety next hour right here mornings with maria, stay with us. Maria welcome back. Good wednesday morning, everybody. Thanks so much for joining us. Im maria bartiromo. It is wednesday, june 3rd. Your top stories, before 7 00 a. M. On the east coast. Protests rage on for an eighth day yesterday. People defying curfews yesterday. Many demonstrations last night were peaceful. First Lady Melania Trump calling for everyone to protest in peace and take care of one another. President trump and the first lady visiting the national shrine. Battling the Economic Impact of the coronavirus, the white house discussing options now for another round of stimulus. Today at 8 15 a. M. Eastern well get another look at the pandemics toll on jobs when the adp report is released. Well get those numbers to you and look at the impact. Futures pointing to a valley at the start of trading this morning. The dow industrials up 155 points, the s p is up 11, and the nasdaq higher by 27. The easing of lockdowns raising hope of an economic recovery and fueling markets again yesterday. The s p 500 and nasdaq up three days in a row, the dow up 267 points at 4 00 on wall street yesterday. Mark zuckerberg defending leaving President Trumps posts up on facebook after criticism from employees and activists. Investigating the origins of the russia probe, Rod Rosenstein will testify. Brian the senate to testify before the senate today. The Justice Department said the surveillance warrants lacked probable cause and were unlawful. Mornings with maria is live right now. Global markets are higher, european indices higher across the board as lockdown ease up. The cac is up 83, the dax up 256 points this morning,e encouragig signs of growth. The purchasing Managers Index is up to a level of 30. 5 in the month of may. In asia overnight markets rallied, south korea announcing an additional 29 billion in stimulus and chinas economy reportedly expanding, pmi was out in china, rose to a level of 55 in the month of may. Export orders were down for a fourth month in a row in china. Joining me this morning, Dagen Mcdowell, tom bevin and michael lee. It is great to see everybody this morning on a big show. Dagen great to see you. We are driving by all these stores that were totally boarded up this morning, including whole foods. There was like a little plywood door cut out for people to go in and out. Insane. Maria so sad. I saw some of those pictures yesterday. It really was devastating to see all of those stores, all boarded up and what is taking place in new york city this week. Among the top stories that we are watching this morning, tensions are still running high across america as protests go on for an eighth straight day over the willing of george floyd. Peaceful testimon demonstratorsg violence and t looting yesterday. Some protesters defied orders. In new york city, protesters got stuck on the Manhattan Bridge. They blocked both sides for more than an hour, stretching past the citys 8 00 p. M. Curfew. 28 states and washington d. C. Activated the National Guard at this point. In washington, d. C. , mostly Peaceful Demonstrations heated up yesterday, just after midnight, when protesters attempted to tear down the 8foot fence at Lafayette Park near the white house. Police using pepper spray to control the crowd. This after the mainstream officers wrongly reported officers used tear gas on protesters monday before the president s walk to saint johns church. They used a form of pepper spray that may produce similar symptoms. Nearly 3,000 police most arrests happening in los angeles county. The suspects charged with looting, burglary and vandalism according to the la times. Los Angeles Police also arresting a man for allegedly imperson ating a National Guard soldier. He was taken into custody overnight along with a supply of weapons after he allegedly tried to join a unit protecting downtown la from looters. Protesters again taking to the streets of new york city last night, ignoring curfews and roadblocks put in place to protect the city. Kristina is in manhattan this morning. Reporter several protesters stayed out past the curfew. Here on madison avenue, were seeing barely any damage. Take a look at some of the stores behind me, theyre boarded up, including beleciaga. I want to point out how high the wooden planks have to go. What happens with looters, theyll rip it down. Everything seems to be 10 feet or more. Not everybody is putting up store. This store, look at the insight. They completely gutted the whole store, retailers and businesses arent taking any chances. We also have footage from just across the city, so its like were in a hurricane, preparing for a hurricane, given that absolutely almost every storefront is boarded up. Youve seen unfortunately looters rip through those plywoods, often theres glass that needs to be swept up in the morning. This is the scene across the city. Several people tried to block protesters or looters from entering a foot locker and a gap yesterday evening. Mayor de blasio tweeted that at 11 00 p. M. , saying the curfew seems to be working because theres less damage this morning or less damage at that point. If you take a look too, we have footage of apple, the iconic apple store on fifth avenue near central park, normally a big glass cube. Instead, they boarded it up with wood. Also, there are guards over there. But overall, maria, i spoke to two Police Officers that did want to point out that the looters and thieves are tacking themselves onto the protesters. Theyll take their cars, theyll take scooters, target stores and switch and move to another location. So its causing the Police Officers in the city to constantly zip around throughout the evening to the various targeted locations. At this point, the entire city is boarded up. Its like we had a hurricane come through here. I dont know what else they could possibly hit. It seems a little better this morning. Back to you. Maria yeah. And it was hard enough as a result of the shutdown, this will obviously only elongate the trouble that new york city and our Retail Sector is facing across the country. Kristina, thank you. Kristina partsinevolos in new york city this morning. Joining me now is pennsylvania senator, pat toomey. Its good to have you this morning. Thanks very much for being here. Good morning, maria. Maria we did see significantly less violent as you just heard, protesters took to the streets petitionfuly last night with peacefully last night with fewer police confrontations. Give us your assessment of where the situation is today. Any men who saw the video any american who saw the video of George Floyds death was sickened by as i was. Peopl. Pampeople have every righo protest, provided the protests are peaceful. What weve had over the last few days is opportunistic thugs who decided this was a chance to loot and riot and engage in mayhem. Too many elected officials in cities and governors around the country decided that maybe they needed a little bit of room and in fact what you need to do is nip that kind of violence in the bud. Finally, it looks like more resources are being put to work, more of the manpower that we have is being deployed. And hopefully weve turned the corner on this violence. Its completely unacceptable and cannot be tolerated. Maria what can the government do . What can this administration do to calm things down . Youve been critical of the president s reaction to these demonstrations. Early this week you suggested that the president , quote, change the tone of his message. What do you mean . My message was about how important it is that we have zero tolerance for this violence, that we deploy the manpower that we need. My message is that this is it is simply not true that our Police Forces are systemically racist that most police are somehow the problem. The fact is the police are the solution. My message is theyve got to be used and used properly so we can restore law and order. That is governments first obligation. So i think some of the president s tweets could have been different. Im not his tweet editor. Thats not the point. Thats not the problem here. The problem here are these bandits, criminals, who have seized an opportunity to wreak havoc. That cant be tolerated. Maria this is only going to elongate a recovery that would we like to see for Small Business and overall americans who are out of work. President trump is looking to press forward on negotiations go ahead, sir. Yeah, no, its so important that we get back to work. Many places including my state of pennsylvania has been way too shut down for too long. Its overdue. This is a terrible setback for so many people. Its worse than that. We know from having gone through similar experiences in the past, when the police come under attack like this, theres the ferguson effect. When the police are being attacked on the streets and second guessed by political figures, the danger is that they withdraw to some degree and then murder rates and crime rates in those very neighborhoods go through the roof and so thats the real danger here, as well as the economic danger. And this is why you cannot tolerate violence. Maria yeah. Which is why theres criticism for not supporting our troops, not supporting our Law Enforcement. I mean, you know, if the police do not expect that the governor and the mayor are going to have their back if somebody throws water on their heads, then theyre not going to come out. Theyre not going to be as aggressive as you would expect. And when youre talking about an economy that continues to look like its tough out there, that also creates more crime. I mean, the president is trying to press forward on negotiations for the next round of the Coronavirus Relief. As early as this week, democrats, some democrats and republicans are still clashing over what should be included in the next package. Where do you stand on this . What are you looking for in terms of what should be in the next relief package . Im not at all sure that we need another relief package, maria. Look at what we have already done. Between the direct spending that we have approved that weve authorized and the lending from the fed that weve authorized to complement that, that will total something on the order of 6 trillion. Like 30 of the entire annual economic output of the United States. And maria, far less than half of it is even out the door yet. Why would we be talking about going back and either printing more money or borrowing more money, because those are the only two options, when most of the money weve already authorized hasnt even gone out the door and our economy is beginning to reopen. Im not at all convinced that we certainly dont need another piece of legislation now. Im not convinced that we will. I think we should wait. Lets see. Maybe a month from now well see that there are some serious needs that still are unmet but, boy, weve done an awful lot. Weve replaced the vast majority of lost income for people, for low income workers weve actually more than replaced their lost income. Demand is going to be there. Its a matter of being able to open up safely. I think business can do that. Obviously, this whole series of riots has been extremely unhelpful in this regard at many levels. But its not clear to me that we need yet another round of hundreds of billions of dollars when so much hasnt even been spent yet from previous rounds. Maria by the way, while so many are actually making more money right now being home than they would be on the job, the idea to give them more money to stay home, why would they come back . You want the economy open in the next couple weeks, that program is in place until the end of july. So why would they actually come back if theyre making more to be home. Real quick, senator. Weve got to jump. It was shocking when our democrats insisted that people should get paid more not to work than they get paid to work. Its a bad idea. Its time to reopen this economy. Fortunately its starting in most places. Thats really the answer here, getting people back to earning their livelihoods. Maria senator, good to have you here. We will see you soon. Coming up this morning, former new york governor David Patterson is here. Then at 8 00 a. M. , Senior Advisor to the president , Kevin Hassett is here on the may adp number. Well talk jobs and the expectation of a recovery over 1 of years. 10 years. Plus Richard Trumka joining me on manufacturing in america during the protests and the pandemic. We have a lot coming up. Quick break. Stay with us. And then jobs in america, the expectations for the may adp report out over an hour from now. Were breaking it down, tell you where the opportunities are. New york Governor Cuomo sounds off, slamming new york city mayor bill de blasio over the violence, protests and looting. Thats coming up. So as you head back out on the road, well be doing what we do best. Providing some calm amidst the chaos. With virtual, realtime tours of our vehicles as well as remote purchasing. For a little help, on and off the road. Now when you buy or lease a new lincoln, well make up to 3 payments on your behalf. Now every bath fitter bathbath fis installed quickly, now when you buy or lease a new lincoln, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Maria lets take a look at markets this morning. The meltup continues. Check this out, futures pointing to a rally at the start of trading, a gain of almost 200 points on the dow this morning, up 173, nasdaq futures up 33, s p futures up 14. Weve got optimism over businesses across the country reopening and progress being made toward a coronavirus treatment eventually a vaccine. This morning we expect the private Sector Employment estimate from adp ahead of of the friday jobs report. We are expecting 9 million jobs lost last month. That even though it is a sharp number, an i improvement from e more than 20 million jobs lost in the month of april. Joining us is Citi Private Bank investment officer, david bailen. Before i ask how youre allocating capital, can you give us your sense of the backdrop as we await the a dp and as we know 40 Million People have already filed for Unemployment Benefits in the last nine weeks. Well, this is an unusual time. This has been a shutdown of the economy like almost an engineered National Strike in order to keep everybody safe so its very different than a normal recession and the recovery will be as well. We expect about half the people who lost their jobs during this Second Quarter will actually been reemployed in the Third Quarter and there will be a slow recovery after that. Part of that is due to the fact that the government took proactive action to actually support the economy with the fiscal measures you were talking about as well as with the monetary support. So we see a vshaped recovery taking shape and we see a lot of people going back to work and as a result of that, what weve done is were rotating our clientss portfolios to small and midcap stocks which performed less well than the large cap. And we think that rotation will be very good for clients. Our outlook shows there are certain brazil and mexico are deeply undervalued. Maria so you still like brazil and mexico and some of the emerging markets out there along with small and midcaps in the u. S. Then . Thats correct. We want our clients to really diversify the areas of the market which have not come back as much. If you think that the u. S. Is going to come back, then certainly mexico, which is a major supplier and manufacturer for us, as well as the sort of commodity areas of brazil will come back. These markets have been down about 50 in dollar terms. If you look at 2009, they came back extraordinarily strongly. So what were doing is positioning our clients for the next 12 to 18 months, not nor the news thats happening today. And theres quite a bit of money to be made in the markets by doing that. Maria well, i wonder what you think then of Chinese Companies that are currently listed on the u. S. Exchanges. Weve been covering this for a while now and weve been going and walking through various bills in congress, senator kennedy has a bill that basically says, look, if Chinese Companies are listed in the u. S. , they have to follow u. S. Accounting rules and if they dont, we should yank them off the exchanges. That bill passed the senate. We are waiting to see if it goes to the president s desk and the president signs it into law. Even the former National Economic Council Director and Goldman Sachs president gary cohn on the program last week weighed on Chinese Companies trading on u. S. Exchanges. Watch this. Got to get your take. I know the China Business was a big business for all the Financial Services companies but these guys dont even follow the rules of accounting standards in the United States, gary. Shouldnt they be following the rules that every other company does if you want to be listed in new york . We have our gaap accounting standards in new york. Yes, we should have any Company Listed in the United States follow our prescribed standards. Maria what do you think about that, david . Gary said he would not advise looking to go public to list in hong kong, now with the protesting going on there and the overreach from china. Having the accounting standards makes sense. Thats part of the rules of listing for stock on the exchange. We have to remember there are several different groups of chinese stocks specifically and the larger of them do follow many of the accounting standards, the international gaap accounting standards that gary cohn was talking about. The idea of Higher Standards i think is an important and good one. But we also have to remember that we want to have all of the international stocks, the highest quality stocks listed in the United States, listed in london, listed in asia. We want to have a market that operates globally because thats good for investors and thats good for our clients. Maria yeah. You definitely want to see diversity. Real quick, david, on this. Do you think if that does go into law, the president signs it into law, that those Chinese Companies have got to follow u. S. Accounting standards or they get yanked from the index, do indexes like the global indexes, do you think they decline in value given the fact that those Chinese Companies have such big representation on some of those etfs and indexes. In the event they were to be eliminated from the indices, then of course it would definitely have a very large impact depending on how those companies actually performed. What we really want to have happen is better accounting standards for all Companies Globally so investors have transparency and so if we onthe business realm, what way want to do is encourage is the following of the standards. That should be the nonpolitical reason to do this. We want u. S. Investors to have access to asia which is one of our dominant trends for the next 10 years, we want more clients, more money there. Thats going to be good for american investors to do that. So having better standards i think is a very wise idea and giving ample time for having people meet those standards makes complete sense to us. Maria david thank you so much for being here. David bailen from citi, stay with us. Well be right back. Americas oldest lighthouse has weathered many storms. Seeing the break in the clouds before anyone else. Together, well weather this storm. Maria welcome back. Investigating the death of george floyd, minnesotas state department of human rights taking a closer look at the Minneapolis Police department. Governor tim walz says the probe will focus on evidence of racism in the department. Joining us right now, judge andrew napolitano. Judge, what do you think . I think its too little too late. I mean, this is not a lawsuit against the Minneapolis Police department. This is an internal investigation by the bureau of human rights of the state of minnesota against the Minneapolis Police department. This is probably basically a pr venture on the part of the governor. Something like this should have been done a long time ac ago, lg before george floyd was killed. Nevertheless, its a step in the right direction. Theyre probably going to discover a lot of other issues in the department about which we dont know and maybe remedy them before theres another catastrophe. Minneapolis Police Department maria didnt the guy have 17 infractions. They dont have the training that new york, los angeles or chicago has, wellknown in the community. Maria one of the officers that kneeled on George Floyded neck, didnt he have like 17 infractions . Yes, he did. The other three officers im waiting for them to be charged. They should be charged with aiding and abetting. First of all, he should be charged with first degree murder. During the eight minutes the knee was on of floyds neck he obviously planned and plotted to do the continuing. They should be charged with failing to stop the murder. By failing to stop, they aided and abetted it. They havent been charged with anything. Maria i want to switch gears, ask about bail reform. The more than 400 people arrested for looting in new york city will most likely be freed after receiving a burglary charge. The new laws prohibit bail for felony burglary charges. Weve been railing about the new bail Reform Program for two years where no bail means they process them and the criminals back on the street and what do they do, they go and they commit more crimes, making our cities unsafe. Well, this is yeah. Youre right. This is a chickens coming home to roost. This was the brainchild of Governor Cuomo who now of course wants to address this by putting the military in the streets. He can put the military in the streets and they can arrest people and they can appear before judges and theyll be back on the streets. In new york, it doesnt matter what the evidence is against you because the law ties the hands of judges. Dagen and i have been screaming about this and you have as well, since this law became law. It is just an attack on the property of individuals by allowing this revolving door of people who should be in jail to get arrested, appear before a judge, back out on the streets. By the way, all this happens in 36 hours. Maria yeah. Well, you know, when i spoke with andrew cuomo about a month ago, he said im going to look at this and have a change in this by april 1st. That came and went i guess because of the pandemic. But we havent seen any changes. Judge, well keep watching that. Go ahead, final word. Go ahead, sir. You know, its not his fault that the legislature is not meeting. It is his fault that this misguided legislation existing for two years. Maria coming up, were talking about Governor Cuomo slamming bill de blasio. David patterson will weigh in as the state deals with ongoing protests. Thats next. Stay with us. Can my side be firm . And mine super soft . With the sleep number 360 smart bed, on sale now, you can both adjust your comfort with your sleep number setting. But can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable, and snoring . No problem. And done. Will it help me keep up with him . Yep. So you can really promise better sleep . Not promise. Prove. And now, save up to 600 on select sleep number 360 smart beds. Plus, 0 interest for 48 months on all beds. Only for a limited time. Some Companies Still have hr stuck between employeesentering data. A. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. Maria welcome back. The gop looking for a new host city to hold its convention this summer. Cheryl casone with the details there. Cheryl. Cheryl thats right, maria. President trump announced last night that he has no choice but to move the convention out of North Carolina after governor roy cooper refused to guarantee coronavirus restrictions wont limit capacity at the venue. Heres what the president tweeted. North Carolina Governor Roy Cooper and representatives refuse to guarantee we can have use of the spectrum arena, spend millions of dollars, have everybody arrive and then tell they theyre not able to gain entry. Governor cooper is in shelter in place mode. We are looking for another state to host the 2020 national convention. Kelly loeffler is in talks to have the convention in her state. Longtime iowa congressman steve king has lost his seat, this happened last night in the primary. Republicans endorsed a primary challenger after king was criticized for a history of racist comments. Well, shares of tiffany plunged nearly 9 yesterday following reports that the companys purchase could be on the rocks. Lvmh may not go forward with the deal amid the coronavirus pandemic and the protests over George Floyds death. Lvmh Board Members apparently are concerned about whether tiffany could repay debt obligations when the takeover is completed. Those are your headlines from the newsroom, maria. Back to you. Maria all right, cheryl, thank you. Well, unrest in the empire state continues, new york city seeing largely peaceful protests yesterday, crowds marching to manhattans upper east side. Mayor bill de blasio lives. More reports of looting as night fell, protesters defied the 8 0. Governor andrew cuomo spoke out yesterday, blasting mayor de blasio for not doing this job. The nypd and the mayor did not do their job last night. I believe that. Look at i the videos. It was a disgrace. I believe the mayor underestimates the scope of the problem. I think he underestimates the duration of the problem. My option is to displace the mayor of new york city and bring in the National Guard, do your job. Do what youve done in the past. You know how you stopped looting in the past and how you stopped rioting in the past . Do that again. Maria joining me right now in a fox business exclusive interview is the former governor of new york, and Las Vegas Sands Senior Vice President , David Patterson. Governor, great to see you this morning. Thanks so much for joining me. It is great to have your insights. What do you think about that in terms of Governor Cuomo being able to replace mayor de blasio . Can he do that . Maria, under article 4, section 2 of the new york state constitution, the broad supervisory powers that the governor possesses would allow him to supersede the authority of a local elected official through executive law 63, section 2. So he could do that. The use for this has been common by governors, often when they replaced a District Attorney with a special prosecutor because they thought an investigation had been tainted. Here, you would have to show corruption, youd have to show wrongdoing or you would have to show a reckless disregard for human safety which is i think where the governor would try to go in this case. But he said that the mayor underestimated the problems with the rioting. I think it would have to rise to a level where he knew that he was doing it and recklessly disregarded the public. Maria so what do you think is reckless . Lets show some of these pictures of new york right here, whether its downtown in soho, where storefronts were cracked, windows cracked and broken into or madison Avenue Uptown where some of the big, high end stores like belenciaga and chanel, efforts to breach there. What is reckless . This went on for hours, governor. What would you have done . Well, you see, a Strong Police presence before the riots ever get started usually quells this kind of disturbance. But were dealing with a different type of riot than we were years ago. Years ago it was people from the community who were outraged by a shooting, a hate crime, a Police Involved shooting. What we have now is clearly outside agitators who actually bring the bricks in that are being thrown at people and who actually are waiting in the crowd, waiting until it gets late when people are more vulnerable and then starting situations and unfortunately frustrated people follow them. So in this particular case, you know, i think a lot of elected officials on both sides of the aisle have made mistakes in dealing with these types of situations, underestimating how bad it would actually get. But i think you would have to have a showing that the elected official didnt care, like im doing it my way and i dont care what the facts say or what the pictures show. Maria well, i mean, the pictures are clear and youve heard the violence. I mean, would you have brought in the National Guard at this point . You know, hes pushing back to bring in the National Guard. The mayor is. Well, i think that i think that the governor in this particular case can actually execute that without even having to take any action against the mayor. He is the governor of the state. Hes the commander in chief of the Law Enforcement around the state and has significant influence over the National Guard. If he so chooses. Hes trying to let the mayor make that decision. There are a lot of factors that go into making that decision that i dont know. So i couldnt tell you that i would know what to do in this situation. One problem that no one has raised, because this would be a terrible time a terrible time for a terrorist attack. If there was any evidence of Something Like that, i would bring in anyone i could to stop it. Maria well, its a great point. Well, yesterday i spoke with new york city former new york city mayor rieu city giuliani and i asked him for his take of what was going on in the city. Listen to him. I want to get your reaction. The mayor should step down. Hes incompetent. We are moving we are losing a tremendous amount of property. Were seeing people damaged and hurt seriously. Pretty soon were going to lose some lives if this man doesnt get out of the way and let someone activate the Police Department. Maria how do you know that hes holding back the Police Department . Youre right, all of that looting and destruction last night should have been stopped sooner. Hes following all these liberal progressive mayors are following a playbook thats about 35 years old and totally discredited. Its called the venting theory. They let them sort of like get it out of their system for a day or two and then the city blows. You dont have to tell the Police Department to do the job. All he has to do is step aside, these will be over in one night. Maria what do you think about that, governor . And by the way, you know, were talking a lot about new york city. Its not just new york city. An officer was rammed into in buffalo. Its all over the state. Your reaction . Maria, next time you see the mayor, tell him that i thought he made a good point for a change. Hell be shocked to hear that. The reality is that exactly what i just said. This is a different type of group thats causing these riots now. Most people really dont want to see any violence at this time time because you practically have a pry m you dont need y distrackdistraction from that. Weve been distracted for a period of time now and honestly anything that would keep the peace in cities around this country could get us to focus back on a bigger problem, which is that the peaceful protests are trying to point out problems that exist in the Police Department as they exist with elected o officials. They have trouble weeding out the bad eggs. If we could get past that in both areas our country would be in a lot better place than it is now. Maria i think you make a really important point. How do you weed out the bad eggs . How do you know where the racism is in the Police Department . This has got to stop. This is on top of more than 400 people awaiting arraignment in Manhattan Criminal Court yesterday afternoon for allegedly Looting Stores the night before because of new york states bail reform law passed earlier this year. Most will likely be cut loose without bail. David, look at the state you love so much. Look at the city we all love so much. Weve got bail reform that has criminals back on the street in a couple of hours and theyre committing more crimes. Weve got people fleeing new york because the tax situation, homeless situation getting worse and on top of all of that weve got a pandemic, a shutdown and now looting as a result of the death of george floyd. How are we going to get out of this . How long is it going to take for new york to get strong again, in your view . Wellsaid, maria. Were looking for a new mayor in 2001. You might want to consider that. The point is, the bail reform needed to happen but the way it was happened was excessive. It allowed too many people out of jail. This is a situation where one person was released on bail at 12 00 and committed another crime at 4 00. We cant have that kind of thing going on. I think most people in new york city know that. There were problems with the previous bail system that we tried to address. But i think the important thing is that this should be a hint to all of us that there have been a number of these policeinvolved shootings where there were no protests and people waited patiently for the system to do something and the system is not. Thats why youre feeling a lot of the outrage. There is no excuse for violence, looting, attacking the police or some of the things weve seen in the past week and you do have to take stringent forces to stop that. Maria all right. We will leave it there. Govern no,. Hillarygovernor, its great to. Please come back soon. Thank you, sir. Thank you, maria, talk to you soon. Maria and to you. David patterson joining us. Stay with us. Well be right back. Im norm. Im szasz. [norm] and we live in columbia, missouri. We do consulting, but we also write. [szasz] we take care of ourselves constantly; its important. We walk three to five times a week, a couple miles at a time. Weve both been taking prevagen for a little more than 11 years now. After about 30 days of taking it, we noticed clarity that we didnt notice before. Its still helping me. I still notice a difference. Prevagen. Healthier brain. Better life. Maria welcome back. Suing google for 5 billion, that is what a group of plaintiffs in a proposed class action suit are seeking, claiming the Technology Giant gathers data from users despite using chrome browser supposedly private mode, the suit claims the Company Still collects data through other applications and website plugins. Google is pushing back, saying as we clearly state, websites might be able to collect information about your browsing activity. Dagen mcdowell, do you feel google misled the public with the socalled private mode. We learned that even though we thought it was private its actually not. Dagen its in cognito. Am i really unrecognizable if i have a hat and sunglasses on . No. And youre not on the internet either. This lawsuit is not going anywhere base if people think that they really can behave in a private manner on the internet, then they have another thing coming. Google, you read that statement from google, but people for years have said that raised concerns that peoples profiles are being tracked and, again, by websites, by plugins. And 5 billion, you got to prove damages, dont you . What are the damages . Maria michael, what about that . Are you surprised that another Technology Giant is being accused of surveilling users . Maria, this is their business. Theyre in the business of taking your personal information and selling it. So i would say that 5 billion is a low number. Maria for sure. Stay with us. 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Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. Maria welcome back. Taking a look at oil prices this morning, crude oil pulling back after hitting its highest level since march, the low price on this contract for oil was 17 a barrel. Were back up to 36. 23. Wow, mike lee, what a buying opportunity this was when we saw prices get really crash over the last couple of months, concerns about whether an early opec meeting will take place, thats why prices are under pressure this morning. But got to look at this as a victory at 36, 27 on crude. Well, we dont want to see prices to get too high. We want them to be high enough so our Energy Industry stays solvent and people dont lose their jobs and we can keep on trucking along. If you think about this, we saw a dramatic drop in demand, in addition to after that, a dramatic drop in supply. I think again, post riot world, post protest world, a lot of people are going to be anxious to get out of their house and theyre not going to put up with these lockdowns anymore which will lead to an epic summer driving season as people are afraid to fly. I can see the price going higher from here. Maria the saudis and russians did reach a deal on cuts. Dagen the average price for regular unleaded gasoline in this country has jumped 24cents since late april. Its back to close to 2 a gallon. Its because people already are hitting the roads. Theres data that indicates that congestion is picking up, the dutch Location Technology firm tomtom shows Traffic Congestion is gradually climbing in many large u. S. Cities. The maps activity is back to where it was midjanuary, that is the middle of winter. Nevertheless, we are seeing people hit the road again and to mikes point youll see a lot more driving as we get into the depths of summer. Maria first time im hoping for Traffic Congestion because you want to see an economy reopen and cars on the road and activity back to where it was. Well take a break. When we come back, still ahead, jobs in america, were getting the may adp report out in about 15 minutes time. We will take a look, next hour, mornings with maria. Want to get a clear picture of where the job situation is today. Stay with us. Now is the time for a new bath from bath fitter. Every bath fitter bath is installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Maria welcome back. Good wednesday morning, everybody. Thanks so much for joining us. Im maria bartiromo. Wednesday, june 3 your top stories just before 8 00 a. M. On the east coast, protests raging on for 8th day people defying curfews last night there are signs of relief as many demonstrations were peaceful last night first Lady Melania Trump calling for everyone protest in peace take care of one oat President Trump first lady visited the st. Johns National Sideline followed by sting of executive order supporting religious freedom, the white house accepting options discussing options another round ofs stimulus 15 minutes time a look at pandemic toll on jobs adp report released 8 15 a. M. Futures rallying take a look at stocks expecting a gain almost 200 points out of the gate on dow industrials, the dow up 128 s p up 14, nasdaq currently higher by 32 easing of lockdowns raising hopes of economic recovery filing markets yesterday s p 500 nasdaq up three days in a row yesterday the dow has up 267 points, 4 00 on wall street. Mark zuckerberg defending leaving President Trumps post up this after krim from facebook employees, and being avists, investigating origin of russia probe Rod Rosenstein will testify before the senate today he approved the third and final fisa reniall carter page it was on and off the Justice Department said that surveillance warrants they were unon and off, mornings with maria is live right now. Maria he Global Markets mostly higher. Europe green across the board as lockdowns ease up in eurozone encourageing signs of growth economic Economic Data out this morning eurozone purchasing managers next off from a level 12 in april, to a level of 30. 5 in may that is promising ft 100 up 65, cac quarante up 86 dax in germany is up 25 points right now, the better than 2 in asia overnight, a strong tone as well south korea announced additional 20billiondollar in stimulus kospi up almost 3 chinas economy reportedly expanding the pmi in china, rose to level 55 in month of may, anything above 50 shows growth, but export orders down for a fourth month in a row joining me Dagen Mcdowell bevan michael lee great to see everybody great show so far a big hour coming up top stories that we are watching this morning, tensions still running high across america as protests go on 8th straight day over killing of george floyd, peaceful demonstrators deterring violence looting yesterday as Police Departments across the country crackdown on curfews, some protesters defied orders new york city protesters got on Manhattan Bridge blocked both sides more than an hour stretching past 8 pm curfew 28 states in washington, d. C. , have activated the National Guard at this point george floyd 6yearold daughter standing he next to her mother at nice conference yesterday girl positioning mother saying floyd was a good man his daughter is proof. I want justice for him cause he was good. No matter what anybody thinks, he was good and this is the proof that he was a good man. Maria what a heartbreak a Memorial Service held for floyd in minneapolis tomorrow. Referendum sharpton will deliver eulogy the funeral memorial next week houston, texas. We will cover that, of course. The state of minnesota launching a civil rights investigation into the Minneapolis Police department. The probe will review the departments practices and procedures past 10 years to determine are discriminatory practices to people of color fbi deviating a police wilfully deprived george floyd of his civil rights. Protests riots coasttocoast many demonstrates peaceful the white house taking drastic measures to keep people safe hillary with more on that good morning to you. Reporter good morning, maria. Well the president woke up this morning with one message for police, get tough, that after the milwaukee Police Department was attacked with molotov cocktails thrown by protesters overnight, thousands o protesters in los angeles also demonstrated outside mayor Eric Garcettis home at the white house pepper bullets pepper spray deployed protesters taunted police shaking temporary barrier set up outside white house the president criticizing new york for the 8th night of rioting in streets tweeting new yorks finest are not allowed to magic at the moment cal left to build need additional help new york city totally out of control governor mayor must put down rioting. De blasio refused to stop violence running rampant in a standoff with police blocking Manhattan Bridge late into the night. The police in new york city were not effective at doing their job last night, period. They have to do a better job. Nypd and mayor did democrat their job last night. Did not do their job. The new york City Organization that represents Police Officers is firing back at this criticism, saying this these elected politicians created this environment were criminals emboldened due to progressive ploilz looking to scapegoat ploys i invite them foem come out of fortifications, ref verbal abuse, ducking objects thrown at them by Peaceful Protesters show us how to delicately preventative rioters from burning structures the day after waking up to aftermath of the violence from night before a lot of it looking like this, here is what we saw yesterday, morning just two blocks away from white house, the bank of america, smashed gutted destroyed by o protesters, a few blocks away from white house, you can see all around me plywood barriers set up scene looks like a lot throughout the district throughout america, maria. Maria it sure does hillary thank you, hillary vaun on the ground in d. C. In new york city more than 400 people arrested yesterday for allegedly Looting Stores the night before likely freed without bail, because of new york state bail reform law, once again, nothing done about this bail reform law that puts criminalize right back on the street, dagen. Dagen there were changes that were made by the state legislature, that go into effect on july 1st. But broadly speaking bail reform law is largely in tact, there are a number of little more than a dozen changes bail eligible categories that were added but just to put it exclamation point on it a judge can impose bail for sex trafficking, or sex traffic having a child. Think about that. Socialism the majority of crimes under this bail reform law come with no bail. You get picked you up get handled adticket you are released back on the street, think about that. So Violent Crimes several thousand dollar arrested in new york over less than a week definitely more than 2000 individuals. Most of them will wind up back on the street. So you ask you have a governor and, by the way, this is governor andy cuomo bail reform idea he didnt want bail for any, quite frankly, you have a governor mayor do not have back of Police Officers. So you are telling Police Officers to go out and arrest all of these individuals put their own lives on the line, and then these criminalize are then just boom, back on the street. No bail. How does that make any sense . Ultimately, this is what the nypd chief of Department Monahan told New York Post most looters he arrested monday night early tuesday are going to be back out when it comes to a burglar, a commercial store looting, they are back out, and there is nothing they can do about it. So again, in new york, we said this, crime isnt crime, criminals arent criminals you come here you are a criminal, you get coddled, disgusting, this is what happens this unrest the background of this unrest, is politicians like cuomo, de blasio dont believe in enforcing laws that is going on. Maria this is one of many mistakes, because, you know the tax sayings in new york, has got people fleeing and they were fleeing before coronavirus to get out of the city, but now people dont wanting to back to the city because of the coronavirus, the density there, i think new york is in trouble, i i mean mayor de blasio told me a couple weeks ago when he came on sunday morning futures he needs 7. 4 billion dollars to make it whole tom, why would anybody wanting to back to the city, given this became reform law, the inmates back on streets for crimes coronavirus and density the looting look at madison avenue. Yeah, look we have a same problem in chicago mass exodus going on only make things worse creates a vicious down toward spiral now less taxpayers, to fund many things a hard problem to get out of one of the things complicating this liberals are running big cities have run all big cities for decades, so they have been in charge, why havent we seen at the reforms necessary this is not federal government can only do so much this has to be addressed state local levels one interesting thing you have to root out bad cops there has to be justice, for folks like george floyd and others but at the same time, like the police are also the answer, i i mean they have to be, local officials have to have their back, and these officers because probing community mentioned ferguson effect if police were leads to more crime destruction not palatable. A lot of democratic cities are running with sanctuary policies they have failed a lot to talk about next up Senior Adviser to the president Kevin Hassett here on may adp number we will talk about economy getting things back, then the president of the aflcio Richard Trumka on manufacturing in america and pandemic dont miss that straight ahead. This is an athlete, twenty reps deep, sprinting past every leak in our softest, smoothest fabric. Shes confident, protected, her strength respected. Depend. The only thing stronger than us, is you. Welcome back a few moments away from may adp report, take a look at jobs, the expectation for the month may a loss nine million jobs last month actually improvement from what we saw in april, april, was 20 million jobs this all ahead of the government allimportant jobs report coming out on friday, the adp report is typically good indicator of what we will see, from the jobs report, from the Labor Department. Joining me right now white House Counsel economic viruses chairman Kevin Hassett great to have you this morning thanks very much for joining me getting this number to the actual data when it hits the tape but do you feel things are improving on the jobs front . 4 we seen the worst. I would say by june we will have seen worst right now claims are heading down realtime activity data i know you talk about started to head up percentage of businesses opening closing in above 90 definitely a lot of positive signs but i dont think we are there yet we are still getting initial claims, that you know show a lot of job losses out there very disappointing, i think nine million number built up from initial claims we see weekly data that adds up to about what you expect adp report would be very surprise if it wasnt we look at nine million while horrible number it is way down from the 20 million, number that we saw in april, so that is why i asked you know you think we have seen the worst . Can i add one thing. Let me get to Cheryl Casone numbers are out, like to pet those right away. Cheryl better than expected maria estimate for loss nine million jobs adp private payrolls came in with a loss 2. 76 million, the range, was anywhere from a loss of 12 million, to a loss 200,000 so some economists thought going to see 12 million the average estimate nine million, 2. 76 million maria this actually is much better than expected, and i definitely have to point out the fact it is much better than number in april, was a record for this report a loss of 20. 23 million, again much better than expected again as we go into friday jobs report initial claims tomorrow, just to send it back to you, the loss for 1. 8 million 1. 8 million new claims will get filed tomorrow might get below two million threshold on initial claims dow 7704 right now dow up 204. Adp number 2. 76 million jobs, loss, versus estimate mean that million jobs, again, that conversation just having on maybe we have seen the worst what do you say. Again, the headline is that we have you know getting close to having hit bottom for sure, you can see that the thing about to interreject if you look at continuing claims starting to head down every two people that lost their job, in the last report, you know three people went off Unemployment Insurance definitely are signs that we are turning the corner this number so much below expectation about what you would get if you built up from claims data i wonder about it i will go back to desk study it the number is so good, such good news, that i really have to dig deep into it see if not something funny going on that is pretty far removed from what we would get if we just added up claims data so on from the last survey week. See so why do you think things have improved is it enormous amount of stimulus Coronavirus Relief bills . Or do you think that this is just time where we are now saying more reopenings in terms of the economy i know the president is expected to hold meetings, next relief package according to official we are talking about o proposals coming up why do you think we are seeing a little bit of a backing away from those tough numbers that we saw just a month ago. Again we had biggest negative shock in u. S. History going back to Second World War never had a quarter like the one going to be record gdp now saying minus 50 , President Trump saw that then you know organized it the folks we got we got our act together we had three phases of stimulus so weve had biggest policy response, in history then hope would be policy response would be big enough to help get back to normal quickly, it if you look at states that have been opening up you can see that they are really getting back to normal quickly, people are going back to work, people being called off furlough, they are excited to get lives back going back there, isnt like personal income data we saw there was biggest increase in personal income we have seen in the history of the data the government, bigger Unemployment Insurance checks, actual checks to folks, then folks, you know saw incomes go up saved a lot what it means no i that as businesses open up there is a huge pentup demand a lot of cash in pockets to send do i think that we are going to see bottom i was expecting june but adp number does suggest you are very, very close to a turning point. Maria when you look at contraction expecting Second Quarter contraction of 50 that is huge, i mean i dont, i never heard of anything this bad down 50 Second Quarter if to see that kind of a contraction in gdp for the a Second Quarter does that mean would we could see elongated situation dont see are growth Third Quarter maybe dont get growth until Fourth Quarter or 2021 . I think very, very unlikely a very, very unique hifl experience, because what happened that is we kind of turned the economy off, to in order to save probably millions of lives, and then we gave people cash they needed, hopefully you know we got it to most everybody. So that they could hold on, and keep their business together keep employees attached until we reopened the way to think back of the envelope maria every week economy shut down you need 2 gdp but not a annual rate if you shut down a month 8 percent gdp multiply by four to get what happens whether they put out gdp release annual rate if we we shut down really hard for a mininow starting to open up, i believe, that it goikts very, very possible again if you look at it, we are not seeing a wave of bankruptcies not behave of defaults because of ppp loans all cash we put in pockets, so that we can we can turn this back on, whether we do or not is something we are going to have to wait and see data but, again, adp report is a real positive sign such a positive sign that i really have to grab my pencil go back to desk see what is going on because it is way lower than i expected. In a good way. So much money thrown at economy talk up to 10 trillion dollars of stimulus when you consider the leverage of the fed now he weve got this report from senator portman employees returning to work after pandemic extra 450 dollars a week what do you expect next round of aid there is complaints, that people that are at home, are making more money to stay home, than they are, to go back to work when you look at Employment Benefits 600 dollars a week do we want more to employees or what is the group that really needs it Community Banks . Is it Small Business . How do you get the economy coming back . You know maria, as you know we are doing white house, surprised to see that you know when you are having meetings stuff that all of a sudden you read about it in paper the wall street journal wrote a long article about it, pretty well sourced pretty accurate we are absolutely meeting this week going over what we think should be in phase for deal going to try to reform Unemployment Insurance so the faring you suggested goes away. Great to see you. Thank you so much we will be watching Kevin Hassett joining us at the white house quick break more coronavirus cases o protests, risks amid the pandemic. Stay with us. Welcome back riots Ripple Effect u. S. Death toll from coronavirus surfacing 106,000 the worldwide death toll more than trim that number Task Force Member dr. Fauci said yesterday he worries about the second wave of infections coming. Weve seen pictures, photos, and tv clips of people very much con grated no masks, together very closely congregateed onboardwalk in a on beach in pool has been continues to be a concern to me. Were not going to know what the effect of that is, for at least a couple more weeks. Maria unbelievable to block at protesters even Peaceful Protesters together as if we forgot in the middle avenue pandemic supposed to be social distancing. I love how politicians decide when rights they will allow them exercise clearly the right to protest Self Expression is being allowed meantime, businesses just cannot open, markowitz New York Post one of my favorite editorial writers says today in newspaper, the protesters of exposed the absurdity of the continued lockdowns if either a Public Health emergency or it is not. So i will add this lets light this candle baby, open up if we had mass crowds particularly here in new york city, lets do it. Wideopen, take down those barricades because you know what actually having people this the street having people back at work, it helps, stop rioting the looting, and the damage and the theft just having a mass amount of people here. Maria some of the mayors democratic governors dont want that they want the economy closed see how much is political president seems to think some of it is focusing on American Work aflcio president Richard Trumka here to weigh in on manufacturing in america during protests in this pandemic. Stay with us. When considering another treatment, ask about xeljanz xr, a oncedaily pill for adults with moderate to severe Rheumatoid Arthritis or active Psoriatic Arthritis for whom methotrexate did not work well enough. It can reduce pain, swelling, and significantly improve physical function. Xeljanz can lower your ability to fight infections like tb; dont start xeljanz if you have an infection. Taking a higher than recommended dose of xeljanz for ra can increase risk of death. Serious, sometimes fatal infections, cancers including lymphoma, and blood clots have happened. As have tears in the stomach or intestines, serious allergic reactions, and changes in lab results. Tell your doctor if youve been somewhere fungal infections are common, or if youve had tb, hepatitis b or c, or are prone to infections. Dont let another morning go by without asking your doctor about xeljanz xr. Welcome back, good wednesday morning. Thanks so much for joining us. Im maria bartiromo. Wednesday, june 3rd top stories well am on the button east coast, the Economic Impact of the coronavirus not as bad we say expected, in month of may adp report showing the private sector lost 2. 76 million jobs in may much better than expectation for a loss of nine million jobs, markets gained momentum following this news, the jobs numbers hit tape a few minutes ago dow industrials shot up 222 points now, the index up 1 nasdaq up 28 s p up 17 Global Markets firmer, european indices higher across the board, as lockdowns ease across europe encouraging signs of growth in eurozone purchasing managers indices rising from level 12 in april to 30. 5 in may. As you see ft 100 up 71 cac quarante up 96 dax indices up 281 points two 1 3 in asia overnight market meyer as well south korea announced additional 29 billion dollars in stuff korean kospi indices up almost 3 , chinas economy reportedly expanding the pmi there, up to a level 55 in month of may anything above 50 shows growth export orders did fall a fourth month in a row in china extreme weather all ties on Tropical Storm cristobal, Cheryl Casone with details. Cheryl that is right, this Tropical Storm, is moving along mexicos coast expected to bring powerful winds heavy rain today, going all the way into saturday. Frshgs say cristobal could approach u. S. Gulf coast landing somewhere between texas and louisiana this weekend, potentially strengthening to a hurricane by monday remember Oil Platforms along the engulf honda recalling nearly 1. 4 million vehicles worldwide to fix faulty fuel pumps says pumps could fail causing engines to fall or lose power, recall includes 136,000 vehicles, in the United States, he dealers will replace fuel pumps at no cost to owners who will get notifications late july stock premarket up almost 3 4 of a percent twitter neuroframer patrick beau chet replaces another form google executive going to remain on twitter importants board takes over as chairman as Company Comes under fire, from President Trump for flagging several tweets, following the death of george floyd. Twitter claims the president s tweets violated rules about glorifying violence. Back over to you. Cheryl, thank you, private sector job losses in month of may coming in much lower than expected, 2. 76 million jobs lost in the month of may according to adp, that number far below the expectations, of nine million job losses, adp says job losses likely peaked in april may jobs report due out on friday, a loss of 8 million nonfarm payrolls expected, from that report, coming out friday for month of may Labor Department joining me right now president of the aflcio Richard Trumka richard thanks so much for joining me good to see you again, assess the job situation from your standpoint we just saw a report that showed it was not as bad as we thought within the men and women of may, but by any account, this is a very tough situation, that we are all dealing with, how would you assess the situation richard . Well bickers ail accounts maria, Unemployment Rate in United States, remains may, june going to average about 30 , you had income loss, if you look at that hispanics 58 hispanics lost income 5 blacks lost had the income, 49 of asians lost income 42 whites lost income, also is health care loss. 13 million plus lost health care that number grows every day, because congress the senates at least hasnt been able to pass the act to help tell us we are likely to see more layoffs in state and local governments, as they continue to be stressed, by the whole pandemic, and the loss of income from the pandemic. Which would mean Cutting Services to people who need them when they need them most also increasing unemployment so a tough time, for workers. And the stress continues, because they are out of work they are losing health care, and they need help. Maria i want to ask about the response government so far, one of the areas, of this of this economy, that is really getting crushed is the services area, righted . I mean look at this shutdown what it has done to restaurants, hotels. All the services, and this economy was a services economy, versus a manufacturing economy, but now this idea we are going to get the supply chains back to america fire up manufacturing base, do you think it will work . Because on sunday morning futures, fox news this sunday i spoke with former white house steve strategist steve bannon he told me he thinks it is going to get that manufacturing up and running to get this economy back on track in a big way watch what he said i want to get your reaction. Bring American Capital back, for american jobs, through american companies, that will make america the leader and Fourth Industrial Revolution that is what this country needs millennials need i think yesterday great juxtaposition two tunz if donald trump says nothing inevitable it is human action human agency that does that i think time to get focused on american jobs, and bringing high valueadded manufacturing jobs back to the american people. Maria richard do you want to see that there are at least 60 bills in congress right now Holding China accountable many which are focused on supply chains being brought back to america is that going to do it is that the trick we need. First of all, i think every american, wants to see the jobs brought back to the United States. Because the American Workers the most hardworking skilled workers in the world and we can produce what it is going to take, is a combination of things, you are going to have to change tax code right now tax code rewarding people for taking jobs offshore, many of the trade agreements, reward people for taking jobs offshore. It is going to to have to be a combination of a number of rule changes the number of changes in government, to be able to bring those jobs back. We should do that. The American Labor movement has advocated for that for years. We hope to see it happen. And we will work with those in congress that, want to bring those jobs back, to america, because that is good for us good for our country, right now, maria, we produce 48 of the things necessary for national security. So we should bring those back at least. And create a lot of jobs in the process, and make the country more secure. Make our economy stronger. So we would like to see that happen but going to take more, than a little magic wand going to take a number of changes tax code other policies, that heretofore have encouraged people and recorded companies for taking those jobs offshore. Well you are right, by the way, i would say that is why, President Trump won the election, because that is what he campaigned on, change trade deals going to redo nafta going to with usmca going to make sure jobs come back to america, constantly saying buy america hire america now a movement in congress cracking down on yun dues what do you think about this two republican lawmaker calling on major unions to halt dues in pandemic people are tight for cash saying if you put off the dues, it will alleviate some stress. You buying it . First of all first of all, it is funny, second of all vast majority of our members dont pay dues. Whenever they are laid off, look, this is a desperate attempt by two antiunion politicians, who would legislate unions out of existence if they had their way they do nothing. They sit and watch, when we needed ppe for workers, they sat and watched when we needed a standard they sat and watched, as we Lose Health Care they sat and watched. As companies and states local governments needed help, and were laying people off, maria i would call them watchdog politicians they sit and watch while workers get sick laid off and die, maybe, they should instead of concerning themselves with how workers spend unemployment checkthey ought to be working to get them back to work so they wouldnt even have to have an unemployment check. I mean it is almost laughable you are saying when a union member gets laid off, they dont pay dues. The vast majority of them do not, yes. I see. By the way, by the way, maria. Workers dont pay dies to aflcio. Maria umhmm where do dues go richard. Where do what dues go they come in, they go to representative workers. Any they go to try to get them ppe. Not going to the afe. Lcio leadership is what you are saying it will is goinging right back to the workers . It goes to as you go to union. Workers dont pay dues today aflcio unions belong to the atlco we represent 12 1 2 Million People those dues money are used to protect them, they help them get ppe. In some instances, we actually gave pptoe workers, who couldnt get it from their employer, and those two watchdog politicians sat by watched all of this losing health care we are working to get them health care we work to represent them every day, quite frankly, this pandemic, 53 Million People laid off, they need a voice on the job more than ever. They are getting discriminated against fired whenever they say i cant work because it is unsafe, those watchdog politicians that i mentioned earlier do nothing workers get laid off fired. They are trying to protect their rights no worker should have to decide between, going to work, and getting a paycheck, and getting sick. You should not have to decide that. Of course, i think was whole point of the paycheck protection program, as well as the 10 trillion dollars stimulus thrown at this economy we will see how long this lasts but i know a very tough time right now for workers, and for all of us, by the way. Richard good to see you this morning thank you so much, sir. We will keep watching this, obviously. Stay safe maria. And to you Richard Trumka joining tell us as always stay safe richard, looting across america one Business Owner how he stays safe. That is right after this. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed 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. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Maria welcome back, protesters across america pressure on retailers protecting businesses employees a mercedes dealership in oakland damaging more than 70 luxury cars stolen, near San Francisco during a looting spree joining me Founder Owner of a business, vandalized, david norman thanks very much for being here. I am sorry that you had damage to deal with how has your business been damaged . They the looters a couple nights ago set few vehicles on fire. Were looking at pictures right now so what is the damage here when you look at a car, on fire, is the car completely now worthless or is there to fixing this up can they be brought back. No those vehicles completely destroyed they used gasoline front third of the vehicles melted off it is quite a sight to see. Unbelievably all starsstone in mercedes dealership how do they steal them were key in those them how do you steal cars without at a dealership if the keys are not there what do you think how did that happen . That is a great question technology that is out, i actually dont know how they would steal cars like mercedes, older vehicles can be, can be tapped into a little easier but yeah, that is an incredible thing that 70 vehicles you werestone from that dealership, it is unbelievable. Unbelievable. The crime. Maria let me bring in my panel here tom. I want to get your sense of how you have been dealing as Business Owner with the last 10 weeks first lockdown, now with the additional i know trouble with rioting looters how is your business doing how has that been for you a business northeastern sure things for can go covid19 hard on is shut down majority about 10 weeks extremely hard for us to generate any income obviously, and take carry of employees luckily funding verifiable to assist with that just as we are coming out of the covid crisis, then literally within days we have this crime wave in my community where we were hit again upsetting, fundraising we have been trying so hard to survive then being attacked again and victimized. So weve been able to put our employees to work, because now we have security on call 24 hours a day, specifically overnight, to help with the vandalism. So we are able at least to put all our employees back to work now. For an unfortunate reason very upsetting very difficult. Of course, i know is that an enormous cost as well. When you are now taking on new employees, to be the safeguards of your existing employees michael lee jump. Hi dave, assuming you can reopen get back up and running what is your sense from your Customer Base as to how quickly they will be returning applying new cars . We actually have had a really great outreach from the community. Customers have called up come in, message is on facebook and other things, so we are extremely optimistic that you know things will be back to normal quickly hopeful we dont have any more vandalism but the community here in peoria has been receptive we are grateful to them, we are going to keep fighting to provide Products Services do what we can, so all right. We are rooting for you from afar david thank you so much for being here, we will be watching the developments dade norman joining us from us peoria motors Republican National convention on move President Trump looking for a new host city we will tell you about that when we come back. Save hundreds on your wireless bill without even leaving your house. Just keep your phone and switch to Xfinity Mobile. You can get it by ordering a free sim card online. Once you activate, youll only have to pay for the data you need starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. To find new host city for 2020 Republican National convention President Trump announcing last night he has no choice but to move the convention out of North Carolina after Governor Cooper refused to guarantee coronavirus restrictions would not limit capacity rnc chair making an official statement saying we hope to still conduct business of convention in charlotte but have application to begin visiting multiple cities and states who reached out to us in recent days about hosting a historic event to show america is open for business tom your reaction. Look i still think this is unlikely, the amount of planning that efforts goes into conventions takes years, i i mean they send people lived in cities, to work with media, on security, hotels, all of these things the idea the republicans can pull this off switcharoo in a matter less than two months would be a great feat of all time i am not sure going to happen if it were to happen would be remarkable because amount of effort that goes into planning these conventions. That is a good point, actually, really takes a long time to plan these things tom what about all the primaries that we saw, Ronna Mcdaniel congratulating president on winning republican primaries in indiana maryland montana new mexico pennsylvania rhode island south dakota d. C. Yesterday talking about enthusiasm on their side steve king losing another thing that you wanted to talk about tom. Well yes obviously, primaries joe biden, with his the big news, a long time republican congressman from most conservative in state a flash point, and said things racially charged over years republicans though in that district continue to vote him in until last night they voted for another republican rand state senator probably most likely next congressman from that district, so big news on that front a long time gop congressman got voted out in primary. President tweeted graigs in the republican primary you will be great congressman your reaction to all in terms of business, reopening market that is rallying those jobs numbers a lot better than expected, for the month of may. Maria i think the worst is behind is again, i think Silver Lining from these riots is protests, looters hopeful social distancing country 15 days flatten curve turned into two years the find a cure, is now over, that we can get back to life i think the markets are resting that right now the worst is behind us the treasury has done a great job back zopg the markets i think fiscal stimulus is working things continue to keep getting better. Meltup in market throughout all of this incredible we are going to see 300point rally this morning out of the gate stay with us quick break we will preview the market opening more mornings with maria right after this. Maria all right. Thank you, dagen, tom and michael. Great show, everybody. Thank you. Maria see you tomorrow. Weve got those jobless claims coming out tomorrow. We will be navigating that. Meantime, get ready for a 300 point rally right out of the gate. I will send it right over to Stuart Varney and varney company. Take it away, stu. Stuart it was another good show. Congratulations. Another great one. Maria thank you. Stuart good morning to you. Good morning, everyone. First of all, look at this. The stock market rally continues. After covering the market for several decades, i have to admit to being surprised at this. Do you remember in late march the dow was up, what, 18,000 . Now its pushing 26,000 . Thats an astonishing gain of what, 8,000 points in about ten weeks. Look, ive been doing this a long time. I have not seen anything like this before. The dow industrials at the opening bell will go up about 250 points. The s p, 18, nasdaq a much lesser gain but up