Stocks way down. This morning, down some more. Look at this. The dow is going to be off over 250 points at the open. The s p, 26. The nasdaq, 64, 65. Now, treasury secretary mnuchin says we can get those jobs back by going back to work. The president is very forceful on this. This is what he told maria on opening up the economy soon. Watch this. I want them to open when they can, when they want, the governors are opening them. Most of them are either opened or opening or considering it. I think that we have to get back to work. We have to get our country back. We have to take it back. It was artificially closed. We did the right thing and now we got to get back. We got to bring our country back and its going to happen and its going to happen fast. I call it a transition to greatness. Stuart hes going to pennsylvania where six counties are defying the governors Strict Lockdown rules. The president will likely address that issue today. Meanwhile, a successful Court Challenge to a governors lockdown powers. The Wisconsin Supreme Court struck down the governors extension of the stayathome rules. So a court is now saying a governor cannot make laws. Like pennsylvania and elon musk in california and Shelley Luther in texas, it is a revolt and its spreading. More on this throughout the show. Now the blockbuster story the media has completely ignored. It was top officials in the Outgoing Obama Administration who unmasked general flynn and the list includes joe biden. So he was in the room, he was part of the group that started the russia collusion fiasco, dragging the country through the dirt for years. Asked about it, he contradicted himself. Today, he says all normal procedures were followed. We have a lot more on this for you as well. Varney company is about to begin. They werent after general flynn. They wanted him to lie about me, make up a story, and with few exceptions, nobody did that. There were many people, i watched kt mcfarland the other day, i watched where she was knock, knock, fbi, you know, the fbi, okay. This was all obama. This was all biden. These people are corrupt. The whole thing was corrupt. And we caught them. Stuart another excerpt from President Trumps interview with maria on what he believes was a setup by former president obama and then Vice President joe biden. You heard him mention kt mcfarland. She is on this show in our next hour. I want to know what she thinks now that we know the names of the obama officials involved in the unmasking of general Michael Flynn. Thats next hour. First lets get back to the jobless claims number. Almost three million jobs lost last week. Treasury secretary mnuchin says okay, those jobs will come back. Roll tape. Im very sympathetic to the American Business and the American Workers that are going through this. I think were doing everything to rebuild our economy and i think that we will rebuild our economy. We will conquer this virus. Im very optimistic as i listen to the doctors and others about the progress thats being made on vaccines, on virals, on testing. When you literally turn off the economy, you create big unemployment. When you open up the economy, you are going to create those jobs back. Stuart all right. Lets bring in dr barton. The market has been way down on this negative Economic News and its going down again this morning, off another 300. Is this the time when you have a really strong stomach and buy the dip again . Stuart, it is, and ill tell you why. We were off a half a million jobs from what people were expecting, a half a million worse, yet the dow is down maybe 90, 100 points since the announcement. I believe that the fiscal stimulus, the monetary stimulus, is giving people continued underpinning for this market and i believe this is the exact point where you can add in and im buying, stuart. Stuart buy the dip. Stay there. Get more from you in a second. I have a vaccine warning, this is big news, warning from one of the biggest Drug Companies in the world, novartis. Lauren, what are they saying about the vaccine . Lauren the ceo is cautious. He says its going to be one and a half to two years before a Coronavirus Vaccine becomes available, so the pharmaceutical industry, much more cautious than the researchers who are hoping to get a vaccine out sooner. At least 90 vaccine candidates in trial right now. Novartis does not have one. Stuart does not have one. Stocks down. I got that. Lets move on to boeing. I think the stock is down and i think theres news on them that is not great. Ash, what is it . Ashley no, its not. Its quite shocking, really. Delta airlines saying they will retire their entire fleet of the 777 jets. They have 18 of them. The boeing 777s, they are going to be put out of business by the end of the year. Delta saying the carrying value of that aircraft is just not recoverable. They will say over the next two to three years, the airlines will be operating a smaller network, smaller fleet, smaller operation because of reduced demand. The Main Financial goal of these airlines is to try and get that cash burn number down. Delta is estimated to be burning through 50 million a day. They hope to bring that down to zero by the end of this year. Stuart got it. Boeing is down nearly three bucks. Got that. Im looking for positive news. Have i found some in mcdonalds planning a reopening . Lauren, what would it look like . When are they reopening . Lauren table service. Imagine that, being delivered your food to your table at mcdonalds. The ceo, the president has been having meetings at least three times a day and so far mcdonalds has implemented 50 coronavirus social distancing changes, including closed seating, face masks and gloves and they will bring the food to your table, all to protect consumers. You dont have to wait around, you place your order, then sometimes wait for it on the side. This way they just bring it right to you. Stuart im just not sure how positive that is. Mcdonalds is down two bucks, back to 170. Lets move on to starbucks. They have reopened some stores with restrictions. Susan, whats this about theyre looking for help, starbucks, to pay the rent . Susan thats right. They have requested some of their landlords for rent relief starting on june 1st and this is because its a tough time for corporate america. We know starbucks is aiming to reopen about 90 of their restaurants across the u. S. By early june, so they own about 8800 stores. It will depend on localities and city by city, county by county, how they operate these restaurants. Some say there will be limited instore dining meaning mostly carryout, mobile ordering, delivery and such, but we know starbucks reported sales down some 3 in this recent quarter and they are looking for sales to be down 5 in the next three months. Its tough out there. They might as well get some relief while they can, especially with limited services in some of these restaurants. Stuart i see the point. Thank you. Look at norwegian cruise lines. This is a badly beaten down industry. But ash, this prompter says they might have some good news. What is it . Ashley they do. They have been able to manage to raise enough cash through a mix of stocks and debt, they say, to carry them through the next 12 to 18 months, even if no one took a single cruise, in a worst case scenario. They have about 3. 5 billion in liquidity now after raising that money. Also some other good news. While demand has dropped off a cliff this quarter through the Third Quarter, they say there is demand for cruises in the Fourth Quarter, and the bookings for next year are within what they call historical ranges. So yes, its been absolutely awful but there is a little hope on the horizon. Stuart you know, when i came to you saying it was good news, the stock was up about 1 . That was about a half hour ago. Now its down 4 . Norwegian cruise lines. All right. Hey, d. R. , hope youre still there. I do read your stuff and i know you are hot on those two stocks that you have been hot on for years, amazon and microsoft. Would you buy more microsoft now at 177 and amazon at 2356 . Absolutely, stuart. I would, and i am. Both in my personal account and with my for my clients. Heres why. Two numbers. 15 for microsoft, 25 for amazon. Thats year over year revenue gains for two of the three Biggest Companies on the planet. They are just doing everything right. Microsoft is going to have gaming news coming out with the new xbox. Amazon is just killing it and has some good news coming out on the other side of coronavirus for health care. So i think these two stocks have to be in your portfolio. Stuart one more. This sounds like a workplace of the future kind of play. Rockwell automation. Tell me. Yeah. This is a simple story, stuart. We are going to have to bring a lot of manufacturing on, back on to the country, back on to u. S. Soil, for security reasons. We got to make antibiotics here. We have to make a lot of the high end tech equipment here that we have outsourced to china and other places. Rockwell is going to be able to be the automation interface for that. They are one of the few purely u. S. Companies that do that. For safety reasons, people, we cant have people working too closely together. They are experts in humantomachine interaction and doing that well. That is going to be a stock of the future. Stuart we will watch it. D. R. , thanks for being with us today. D. R. Barton. President trump just tweeting this. I will tell you. Good numbers coming out of states that are opening. America is getting its life back. Vaccine work is looking very promising for end of year. Otherwise likewise other solutions. President just coming out with that one. We will be down again at the opening bell. The dow has lost 4. 5 in the last three days. It will be down another 1 plus at the opening bell today. We have a big show ahead. White house economic adviser Kevin Hassett reacts to the jobless numbers. Congressman dan musa, pennsylvania, thats where the president heads today. Will the president support the revolt there . Probably. Pete hegseth, i know hes fired up about reopening the country. And we have ohio senator rob portman. Wasnt to really go after china. All coming up. Next, we now know the obama officials who requested the unmasking of general flynn. Joe bidens on the list. Varney company just getting started. Watch this. What you saw just now, i watched biden yesterday, could barely speak. He was on Good Morning America and he said he didnt know anything about it and now it just gets released right after he said that, it gets released that he was one of the unmaskers. Meaning he knew everything about it. So he lied to your friend george stephanopoul stephanopoulos. In my line of work, i come face to face with a lot of behinds. So i know theres a big need for gasx maximum strength. It works fast. Relieving pressure, bloating, and discomfort before you know it. So no one needs to know youve got gas. Gasx so no one needs to know youve got gas. Heres the thing about managing for your business. S when youve got public clouds, and private clouds, and hybrid clouds things can get a bit cloudy for you. But now, theres the Dell Technologies cloud, powered by vmware. A single hub for a consistent operating experience across all your clouds. That should clear things up. I know nothing about those moves to investigate Michael Flynn, number one. Number two, this is all about diversion. This is a game this guy plays all the time. The country is in crisis. We are in an economic crisis, a health crisis. Were in real trouble. I thought you asked me whether or not i had anything to do with him being prosecuted. Im sorry. I was aware that there was that they had asked for an investigation. Stuart now, that was joe biden on tuesday. A day later, we received the list of obama officials who unmasked general flynn, joe biden was on that list. The former Vice President joined by a slew of other top intelligence officials from previous administration, james comey, john brennan, james clapper, they all hate trump basically. Thats my comment, by the way. Senator john barrasso, wyoming republican, joins us now. Sir, this morning, joe biden says quote, all normal procedures were followed. Is that the end of this . To me, stuart, this is a clear abuse of power. The Obama Administration was bitter over the fact that hillary lost the election. They wanted to do everything they could to undermine the Incoming Trump administration and joe biden, as the documents show, was right in the middle of all of it. The thing that is so disturbing is that the day he did his unmasking is the same day the information got leaked to the washington post. Now, thats a crime punishable by ten years in jail and we know that joe biden likes to talk even though on Good Morning America he did his Sergeant Schultz impersonation and said i know nothing. Stuart we dont know for a fact that joe biden leaked to the washington post. We could assume it was one of the 38, 39 people on the list but we cannot assume that it was joe biden, sir. Well, we dont know who did but it was leaked and that is a criminal offense but youre right, you just said 39 total people did this unmasking. This is an effort by that last administration to undermine the incoming administration, a direct affront and attack were supposed to have in this country a peaceful transition of power and we didnt have that when the Obama Administration left and the Trump Administration came in. Stuart at some point, the former Vice President has to be interviewed by serious journalists who will pursue him on this. It has to happen. If it doesnt happen from the media, it will certainly happen in the debates with the president. I would expect this will be part of the president ial election. Only one part of it. There are a number of reasons that joe biden shouldnt be president of the United States. This is just one of them. Its his whole leftist view hes now adopted eliminating fossil fuel, the green new deal, his efforts to undermine health care in america, all of these reasons disqualify him from being president. This just adds to the pile. Stuart a couple weeks ago, when you were the last guest on this program, you said there should be a pause in new stimulus for the economy coming from congress. Well, fed chair powell yesterday said we need some more help for the economy. Where do you stand now on future rescue packages . Number one is all of the money that we have already appropriated hasnt gone out yet. There is still hundreds of billions of dollars that have not gone out. I heard what the chairman of the Federal Reserve has said. If we need to do something additional, it has to be targeted, it has to be temporary. It needs to be bipartisan and focused specifically on the coronavirus. But if you have seen what nancy pelosi has put out yesterday, 3 trillion, thats on top of the 3 trillion we have already spent, it is in so many ways a pipe dream for her. To me it would be a nightmare. I have a list i put together as chairman of the republican conference for our republican colleagues. There are 28 things that would turn your stomach and make you sick looking at the things that she wants to do, completely unrelated to getting the economy, getting our country going again that are clearly not focused on coronavirus. The president is right, we need to reopen the country. Im happy to say that Yellowstone National park in wyoming will be reopening on monday and we are welcoming visitors. Stuart got it. Senator john barrasso, republican, wyoming, thanks for joining us, sir. Always appreciate it. Thank you, stuart. Stuart next, Governor Cuomo of new york, he wants the next stimulus package to include a repeal of the cap on state and local tax deductions. Ashley, hes really pushing hard for this. Ashley he really is. He says look, that salt costs new yorkers 29 billion per year. He calls it the very best piece of action for the state of new york and says it has to happen. By the way, Analysts Expect a fresh exodus from these high tax states including new york and new jersey. Many of those people have second homes and many have moved there in this pandemic. Now they are worried about their health and frustrated with their taxes. There is a belief they may make that move permanent which just adds to the revenue woes of the new yorks and new jerseys of this world. Stuart do you sense a deal coming of some sort . Maybe you get a little bit of revision of salt, in return maybe for Liability Protection for employers . Theres a deal in the works, surely, somewhere here. Ashley i think so. This 10,000 cap, maybe raise it to 15,000 with that liability issue addressed. Stuart thanks, ash. Look at the futures market. We are approaching the opening bell for wall street. We will be down. Remember, please, the dow has lost 4. 5 in the last three sessions. Looks like we are down another 1 at the opening bell this morning. We are below the 23,000 level. 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