The dow is looking for about a 300 point gain right there at the opening bell. S p up about 34. Look at that nasdaq go. Technology is doing well, up 104 points. Thats premarket for the nasdaq. Now, lockdown winners. Clearly emerging. Lowes, the Home Improvement people, headquartered in North Carolina. Profit up 28 . We stocked up for the lockdown. Target, they really organized their online delivery and store pickup operation, lumped together under digital sales, up a whopping 141 . Walmart, same story. Stockpiling helped them, too. Amazon, kings of the online selling business. Boy, did they clean up. The stock is near a record high. And the netflix, well, they are the kings of the streaming business. What else are we supposed to do when we are ordered to stay home for weeks on end . There are a lot more virus winners and we will go through them throughout the show. Meanwhile, the revolt continues all across the country. Businesses are defying the authorities and opening up despite the rules. Its spreading, even though this gym member ended up in handcuffs. Then theres connecticut, which today becomes the last state to loosen the rules. So as of now, its no longer a national lockdown. It is a gradual national relaxation. Varney company is about to begin. Stuart oh, what a start. A busy day like this. Lets start with the revolt which is happening all over. First up, remember that gym in new jersey which opened its doors in defiance . Its open again this morning, even though the police handed out citations the first two days, but its staying open. Look at this. One gym member arrested for refusing to give police his name. The owner and the customers say they are going to be back. No backing down. Watch this. We worked to fight back against this. This is about small business, this is about constitutional rights. Im not a criminal. Im a mother of two children who i want to grow up in the United States of america with freedom the way i grew up. Stuart next one, a barbershop in brooklyn, new york, defying the orders of the city, cutting peoples hair. Police showed up, didnt give the owner a ticket. They just told him close down and then they left. Speaking of haircuts, ben roethlisberger, star quarterback for the steelers, he broke lockdown rules to get a trim. The governor of pennsylvania responded. Hes not happy. He says no pennsylvanian should risk their life like that, no matter who they are. Thats pennsylvania. Now, thats the revolt. Now the reopening of america. All 50 states have now eased restrictions in one form or another. Ash, take me through the states that are easing their rules today, please. Ashley yeah. You know, the local salon here, the hair salon, agreed to take on this, but then got a message yesterday sorry, they have been delayed again and wont open until sometime in early june. Meanwhile, elsewhere in connecticut, yes, restaurants, outdoor only, are now open. Offices and retail locations, office space and Outdoor Recreational activities. As you said, connecticut, one of the last to actually start to reopen, even though on a modest basis. Lets take a look at delaware. Retail establishments may operate by appointment only now and you can start making appointments from 8 00 a. M. Onwards. In kentucky, retail now at 33 capacity and theres a resumption of funeral and memorial services. In new jersey, inperson sales can resume for automobile and motorcycle dealerships, so stu can get out there and buy a car as well as bicycle shops. Maybe a bicycle, stu. Stuart maybe. Maybe not. Theres new jersey. Dont get me started, ash. Lets get back to the winners. Why not. Come on. I will start with lowes. The stock, it was up big earlier. Now, looking at it unchanged. Look, they are lockdown winners so lauren, they reported this morning. Give me some numbers, please. Lauren heres numbers. Okay. Online sales up 80 in the quarter. Revenue up 11 . Same store sales up 12 . The stock had been up 6 in the premarket and i think this is the line that did that. It said we continue to see this momentum in may so the positive trend, people shopping, people doing their own projects, fixing up their homes, that has continued in the month of may, as the lockdowns ease and they have more rural stores versus home depot. Its a little bit easier for them. Stuart target reported this morning. Is it the same story there . Lauren the exception here with target is that they spent a lot of money, 500 million, paying their workers more and investing in cleaning their stores and the like, so that did cut into their profits. But online sales at target were up 141 . They did something that amazon cannot do. 80 of online orders were filled using their stores as fulfillment centers. So you got your order really fast. Target is a winner today but the stock price, not up as much as lowes. Stuart that seems to be working. Use your store as a fulfillment center. Thats clearly a good operation to be in. All right. Look at the market, please. It is what, wednesday morning. We are going to be up triple digits for the dow. Triple digits also for the nasdaq composite. Shah gilani is with us this wednesday morning. Look, im optimistic about this great reopening of the american economy. Are you . Yes, very optimistic. Its long overdue. The treasury secretary talked yesterday about permanent damage could be done to the economy. Permanent damage has been done. If you look at all the Small Businesses that are closed, a lot of those businesses are not going to open. Open table, an app through which you can make reservations, also keeps metrics on all the restaurants they do business with and have apps through which people can make those reservations says one in four restaurants that closed will not open. So there is permanent damage thats already been done by the shutdown. We need to end it. We need to open up. Obviously the business folks have to be conscious of the health of their customers and customers have to be conscious of the health of the businesses, the employees and one another. Then we can do this. Stuart yeah. Get me some liability reform, too, because that would really help. Yes. Stuart all right, shah, stay there. I will can babe back to you in second. Royal caribbean on the screens now. I believe theres news about their bookings. Susan, i cant believe this is positive but i guess it is. Susan it is positive. Bookings for next year, 2021, they say are similar to last year, meaning 2019, and prices are up midsingle digits compared to 2020. I think thats very positive. They are also very cashed up as well, given how difficult the environment is for cruise lines and that includes being cashed up 2. 5 billion on the balance sheet. They also raised another 4 billion in a line of credit and 3 billion by secure bond issuances. So they feel the pressure right now given that their cash burn is around a quarter of a billion dollars each and every month that their ships are docked and not sailing. We know that 45 of those that have canceled itineraries have asked for a cash refund and there are concerns that maybe not all three will survive through this. We heard from norwegian cruise lines, the smallest of the three, royal caribbean, carnival, the two largest. Norwegian has said at their annual meeting they have significant head winds to the survival of their business. Stuart some people love cruising. They are going to go cruising no matter what. Thats a fact. Susan, thank you. Lets get to the interesting subject of moderna, the drug company. The stock this morning is down again, dropping below 70 a share. It fell late yesterday, brought the whole market down with it, after a report questioned their vaccine trial results. Well, the ceo spoke with maria earlier this morning. Watch this. We have been able to go from the sequence of the virus to interim phase one data. We have the green light to go into phase two and we are in final planning to start phase three with thousands of subjects as early as july. Stuart okay. You heard that. Thousands of subjects as early as july. That sounded pretty positive to me but the stock has been taken down a bit more. We are down 1. 97. 69. 70 on moderna premarket. Shah gilani, time for you to come back in again. Heres my question. Does this market rally depend on a vaccine . No. It doesnt, stuart. Thats i think rather obvious on the face of it. The market has rallied for quite some time since the march 23rd lows without the prospect of a vaccine. In fact, the market rallied in the face of the likelihood of a vaccine coming maybe 18 months hence. Now, we are looking at possibly a lot sooner than that which is great news but the market doesnt need a vaccine. The market needs the economy to open, needs businesses to open, needs consumers to get back doing what theyre doing. Thats what the market needs to continue to see and its seeing it so far. Thats why were up again today. Stuart yeah. The faster we get back to work, the faster and more vigorously we open the economy, the better the market rally is likely to be. Theres no certainty of that. Shah gilani, thanks very much indeed. See you again soon. Look what we have got here. The latest on mortgage applications. What have we got, lauren . Lauren another positive number. So there is demand to buy a home, believe it or not. Applications to buy a new home rose for the fifth straight week, up 6 last week. More states are opening, there are some open houses, rates are at historic lows and theres a desire among some people, especially where i am in new jersey, i know several people who have already moved to North Carolina and South Carolina. Thats whats going on across the country. Refi down 6 last week. But up 160 on the year. Stuart im interested in that theme, moving out of the northeast, new york, new jersey, connecticut, et cetera, et cetera. I think its a flood. Only time will tell but i think its a flood. All right. Here we have amazon. Lauren we are seeing it. Stuart look at them now, amazon is at 2471, far and away another lockdown winner, case closed. They are close to an alltime high this morning. Pretty close to 2500 a share. Here we go. Lockdown loser, bigtime, pier 1. Im going to call them a victim of the virus. They are shutting all their retail locations. That is 540 stores. Nobody bought them out so theyve got no choice. They are going under. They are gone. Overall, this market continues to move higher. Solid gain across the board, up for the dow, up for the s p and the nasdaq up almost 100 points. Now this. One of the most popular podcasts in the whole world will soon become a spotify exclusive. Joe rogen signing an incredible 100 million deal with that streaming platform. This is a very big deal and we are all over it. Disney springs reopens today. The first step in disneys orlando resorts opening up again. It looks and feels different. Will people come . Very good question. President trump doubling down on his America First agenda. Roll tape. The pandemic has shown once again the vital importance of economic independence and bringing supply chains back from china and other countries. Stuart all right. Republican law makers agree on that but how is it going to happen . Weve got that story next. You wouldnt accept an incomplete job from anyone else. Why accept it from your allergy pills . Flonase sensimist. Nothing stronger. Nothing gentler. Nothing lasts longer. Flonase sensimist. 24 hour nondrowsy allergy relief stuart look at the airlines, please. Weve got news from the ceo of delta this morning. He was on with maria and he said no u. S. Airline will go out of business. He did say he is getting help from the president , but according to congress, the treasury still hasnt given out 46 billion which was allocated to the Airline Industry. Edward lawrence is with us. Edward, what are the airlines saying about all this . Reporter yeah, stu, thats coming out of the House Oversight committee and in a statement, the House OversightCommittee Said this. They said the Treasury Department has not disbursed 46 billion it can use to provide loans and loan guarantees to the airlines and industry Airline Industry and businesses critical to maintaining National Security. However, the next paragraph in that says under the payroll support program, the treasury has issued grants and loans which goes to uniteds statement on this. The first installment of approximately 2. 5 billion was received by united on april 21st so some aid is flowing that keeps workers in their jobs, just not to help the companies as a whole. Yesterday, the treasury secretary splitting hairs, saying the 500 million that treasury got under the cares act is mainly half allocated but less than half of that has actually been paid out. Southwest saying that their revenue in may and june is going to be down about 85 from last year. American airlines saying they are burning through 50 million a day. Other air carriers also feeling that same pinch. The money will help but layoffs are coming after the cares act window closes in october. Again, the delta ceo said because of this money, when it does flow, no u. S. Airline will go out of business. Stu . Stuart got it. Edward, thanks very much indeed. Next one, the president signs another executive order. This one cuts more red tape. Roll tape. I will sign an executive order instructing federal agencies to use any and all authority to waive, suspend and eliminate unnecessary regulations that impede economic recovery. Im also instructing agencies to use the emergency authorities to speed up regulation cuts or new rules that will create jobs and prosperity. Stuart all right. Lets bring in the gentleman on the righthand side of the screen, jon thune, republican, from south dakota. Forgive me, but i want to look forward to the next stimulus and ive got some opinions on it. Forgive me for droning on like this. First of all, youve got to give Liability Protection to businesses. Second, you cant give states money to fix preexisting conditions like pensions, and thirdly, no emergency extension of unemployment special pay which keeps people at home. What do you say . Im with you, stu. Those are all really good, those are really good ideas. No, i mean if we want to get the economy restarted, the Liability Protection is absolutely critical and clearly, the taxpayers of this country shouldnt be bailing out bad decisions made by policy makers in places like new york and illinois and california, and i think with respect to unemployment, youre right, there are incentives that are created, the wrong incentives, for people to stay on unemployment. We want to encourage them to go back to work so as we structure these programs Going Forward, we need to make sure theres an incentive for workers to go back to work, not to stay on unemployment. Stuart can you get all of that . Because you will have to do a deal with the democrats at some point. Right. Those are all things the democrats are going to be opposed to up here. You know, you saw what happened in the house last week which was just crazy. I mean, they blew into town for 24 hours and passed a 3 trillion gift bag for a lot of their special interests and i think what we have got to focus on are the things that actually are going to help get this economy going again and get those jobs back so but the challenge is going to be, youre right, negotiating with them, its always going to be about more money and more regulations and more intervention and more government, and thats the challenge that we face in any negotiation, because to get anything out of here obviously with a democrat house and 60 full threshold in the senate, we have to have democrats vote for it. Stuart i know you are very hot on bringing the supply chain back to america from china. Please, for our viewers, listen to what the president had to say about that. Roll tape, please. The pandemic has shown once again the vital importance of economic independence and bringing supply chains back from china and other countries. I probably got elected, one of the primary reasons was that, make America Great again, America First, call it whatever you want, but we went way out of bounds. We build a car and we go to 12 countries to build a car. I want to build a car from one country. We make the parts. Stuart mr. Senator, that sounds like a new cold war, doesnt it . Yes, it does. The president is absolutely right. I think what we learned in this experience is that if we depend upon these unreliable supply chains in places like china, we are going to be in a world of hurt. I think standing up those types of capabilities here in the United States, whether its pharmaceuticals or medical supplies or for that matter, even food security, this was a lesson. I think we need to take it to heart and we need to be starting to make changes in terms of how we incentivize American Companies to build that capacity here in the United States. I think thats going to be one of the great takeaways from this. I hope again that we take it to heart and move into action to change things. Stuart yes, sir. Senator thune, thanks for joining us. Always appreciate it. Shlt good to be with you. Stuart i will revisit the Liability Protection not clause, but idea here. Ash, mcdonalds slapped with lawsuits over the virus. Can you tell me more, please . Ashley yeah. Very quickly, five mcdonalds workers in chicago filing a Class Action Lawsuit saying that the company failed to cover or at least implement government safety guidelines. They say the company failed to provide adequate hand sanitizer, gloves and masks, and then failed to tell employees when a fellow worker tested positive for the virus. Mcdonalds response has been that they say the allegations are completely inaccurate. They say the safety, including wellness checks and protective gear, is and always will be a top priority. So the first of many more. Theres also a complaint filed in california for the local osha office as well against mcdonalds. Stuart you can see it coming a mile off. Its open season on anybody who goes back to business for endangering the work force. You can see it coming a mile off. Ash, im sure we will revisit that later and in many occasions in the future, too. All right. Look at this. Lefthand side of the screen, theres some good news for you. Green across the board. Up 300 for the dow, up 100 for the nasdaq. Yeah. We are going up. The rally has resumed this morning. We will tell you all about it after this. I was