In may, it was revised to a gain of three million jobs. Initially a drop of 2. 75 million was reported for may. Thats a huge revision and a very bullish sign that the economy is ready to come back once it reopens. Also, by the way, we get the jobs report for june tomorrow. A gain of three million jobs is expected as the nation begins to open up and by the way, larry kudlow will join us on that very subject tomorrow morning. Do not miss it. We are seeing a battle, meantime, between government and business once again as cases of the virus rise in some areas. In houston, the mayor putting several businesses on a socalled wall of shame on the citys website after they defied lockdown orders. Those businesses, all bars, by the way, not happy at all. In arizona, a gym owner is suing the state over the order to shut down again and is vowing to remain open despite those orders from the governor. Confrontations are arising. Another battle as we head towards the long Holiday Weekend, whether or not to wear a mask in public. Should it really be political, though . Top Health Officials say wear a mask, republican senators even agreeing. Some now calling on the president to set the example and wear one himself. We will talk about that. We also have to talk about joe biden. He held his first News Conference in three months and of course, there was a gaffe. We have that sound for you coming up. A big show ahead. Im Ashley Webster in for stuart. Varney Company Begins right now. Ashley all right. Lets begin with the winners, why not. We are seeing new highs for the two tech names on your screen. Microsoft and tesla. Microsoft closed yesterday at just above 200 a share, as you can see. This stock up 29 in the last quarter. Thats in line with gains in the nasdaq around 30 . As for tesla, sitting very comfortably above 1,000. It has now crossed the 200 billion in market value. Remarkable. It has indeed been a great week already for elon musk. Spacex just completed yet another successful launch, this time it was a gps satellite, but a space force. Roll that tape. Three, two, one, zero. Ignition. Liftoff. Go, gps. Ashley just love watching these takeoffs. Theres something very cool about it. That satellite joining a fleet of 31 other gps satellites circling the earth twice each day. Good stuff. Back down here on earth, take a look at the futures. They were down this morning but now we turned it around nicely with some revised numbers for may when it comes to jobs. The dow up 62 points, the s p and nasdaq, well, the s p up about. 25 , the nasdaq just above the water mark at 10,152. Lets bring in market watcher shah gilani. He joins us now. You know, shah, the market, despite all the headlines and talk about a second coronavirus wave, the market just doesnt seem that concerned. Not only is it not concerned, its bulling its way ahead and i dont think we are ever going to see another quarter like we just saw. It pales, what happened in terms of the index pales in comparison to what happens to some of the individual names. Microsoft was up 29 in the quarter. Facebook was up 36 in the quarter. Amazon was up 43 41 and apple was up 43 in the quarter. They are all up year to date between 10 and almost 50 . So the thing here, the theory and strategy is to stay with the big tech winners. Ashley what about the jobs report tomorrow . Expecting another decent number, one that will give cheer to the recovery effort . Well, based on the number today, i would expect it to be better than expected. The range is all over the place from up maybe 300,000 to up 9 million. I have no idea, im not even going to take a stab at it but based on the way the market has reacted today, if the number is anything positive, i think the market goes higher. Ashley i just wanted to very quickly bring up the Housing Market with you. Mortgage applications dropping for a second week in a row and there is concern theres just not enough supply of homes out there. The headlines about more coronavirus cases has given people pause and the Housing Market slowly down. What are your thoughts . I think you hit it on the head. Its really about inventory. Theres just not enough inventory out there. Prices keep rising so thats a good sign. Money is available in terms of the mortgage market, some of the standards have gotten tougher but theres plenty of money and rates are pretty low historically. That should bode well for the market. Just a matter of inventory and builders are building. We should get the correction there in terms of the supply coming online and prices continuing probably to go higher. This is all good for the economy. Ashley what are you telling your clients about where to put their money . Big tech . Big tech, we are going with all the winners and weve got a little bit on board too late. We didnt catch the bottom or anywhere near the bottom but certainly piled on later when i was confident that we had seen the worst of it because the market certainly wanted to prove to everyone that it saw a vshaped recovery for both itself and the economy. So all the leading names are the ones you need to be in and we are taking some shots at some Distressed Companies including some of the banks right now, we are looking at some of the financials right now, too. Cyclicals, some industrial companies, some material companies, some of the laggards we are looking to take a shot at now. That is based on a hopeful recovery very soon. Ashley all right. Shah, stay right there. Weve got some breaking news for you regarding pfizer, some positive data. Lauren, i think this is helping turn the market around. What news do you have . Lauren and pfizer stock, up 7 on this news. The market is up as well. So with the Company Called bioin tech, early results from a vaccine are very positive. They found it spurred an immune response in healthy patients or likely generated antibodies in those patients. They did notice fever, sleep disturbances, some other side effects not considered severe in others. They will continue to test this but they are testing four different versions of this experimental vaccine. The results very positive. The stock and the overall market up on this news. Ashley very interesting news. Thank you very much. The futures up 93. This is a good time to bring up dr. Marc siegel. Doc, sorry, do we have dr. Siegel . Do we have him . There he is. Im here. Ashley this is good news, doc. Of course, its not definitive but your reaction to that news from pfizer and biontech . Im very very excited about this. I actually know someone who is a candidate that actually received phase one trials and had that fever but also appeared to have an immune response and the antibodies being positive, ashley, extremely exciting and important. This is a Brand New Technology where they basically make your cells make the proteins that then cause the immune response. Very positive and they are about to go into trials with a large number of people, 30,000 people around the country. So this is a big step in the right direction for a vaccine by the end of the year or early next year. Ashley that was my next question. Is it feasible that we could have this before the end of the year . Obviously everything is being fasttracked but having a vaccine available to everybody would really be the game changer and you say that could happen by the end of the year . Well, i think by the end of the year, if we keep going in this pace, we might see vaccine available for high risk groups. You are going to give it to health care workers, elderly, those with chronic conditions first. Those who are most desperately at risk are going to get it first. Thats what i see as possibly happening before the end of the year. Then the whole entire public by the beginning of next year. Thats optimistic but i think its possible if it continues to work like this. Very good news today. Ashley it is. Its the kind of news we have been waiting for. Doc, stay right there. I want to get a quick update on the virus. First in miami beach, where you are now required to wear a mask indoors and outdoors. If not, theres a 50 fine. Not sure how they enforce that. Meanwhile, on the west coast, in california, more than 8,000 confirmed cases, smashing the state record and remember, the governor there, gavin newsom, closing l. A. County beaches and other areas for the fourth of july weekend. So come back in, doc. Want to talk about face masks. Lots of people have different views but it shouldnt be a political issue, but they are. Let me ask you this. Should the president start wearing a mask, lead by example . What do you think . I think he should. Ill tell you why, ashley. I think masks add something, especially with the young people spreading this virus with minimal symptoms. We need the physical distancing. Were not getting it. The masks add something if you happen to be sick and dont know it, especially if you keep it clean, especially if you change it frequently, especially if you dont touch it all the time. But the president needs to do it for symbolic reason, to send a message to our young people, to our young adults, if im going to do it, you should do it. Thats not the answer to the problem but its a step in the right direction. I say absolutely yes, and let him put embroidered on it make America Great again. Ashley if hes watching, thats a good suggestion. Maybe he will take you up on that. Doc siegel, thank you so much, as always. We appreciate your feedback especially on news of a success or at least early success of the vaccine. Quick programming note. Today, fox businesss blake burman will be interviewing President Trump and you can catch that on the claman countdown at 3 00 p. M. Eastern time today. Do not miss that. All right. Take a look at the futures. We are expecting a down opening but forget all of that. We had better job numbers, we have some news about a possible vaccine for the coronavirus. The dow up after all of that about. 25 . After 89 days, the press finally gets the chance to ask joe biden questions and well, heres how that went. Im happy to take questions if you have any. They gave me a list. Reporter what keeps you up at night as you look ahead . Reporter how are you, mr. Vice president . How are you . Reporter if elected, how are you going to get americans on the same page . Ashley well, it didnt stop there. We will have more on that next hour. Lot of softball questions, by the way. New york city, by the way, has entered phase two of its reopening but the show wont go on for broadway until next year. Now they are asking for a bailout. We will have the details in a live report coming up. We mentioned this at the top of the hour. The mayor of houston putting businesses on a wall of shame for violating shutdown orders. Question is, is it okay to publicly shame owners who are just trying to make a living . We will debate that next. I wanted more from my copd medicine, thats why ive got the power of 1,2,3 medicines with trelegy. The only fdaapproved, oncedaily 3 in 1 copd treatment. With trelegy and the power of 1, 2, 3, im breathing better. Trelegy works 3 ways to open airways, keep them open, and reduce inflammation for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. Do not take trelegy more than prescribed. Trelegy may increase your risk of thrush, pneumonia, and osteoporosis. Call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. Think your copd medicine is doing enough . Maybe you should think again. Ask your doctor about oncedaily trelegy. We know times are hard and were here for you. Find support at trelegy. Com. Ashley welcome back, everyone. Quick check on pfizer and biontech, two Companies Working together on a possible vaccine against the coronavirus, and the initial reports have been positive. They will continue to grow the number of people within the study but so far, that has been positive, helping the body create proteins that will then attack the virus. Thats basically the bottom line. As you can see, pfizer and biontech, both up nicely on that news. It also helped to turn around the futures that were showing a negative opening. The dow up now a modest 39 points. All right. Next case. Fed ex, that is a pandemic winner. Susan li, come on in. I guess this is all about everyone buy basically everything online, right . Susan package deliveries, thats right, soaring in the years first three months because we saw a surge in personal Protection Equipment demand and that also boosted International Shipping and ground activity, that last Mile Delivery rising over 72 . But dont forget, despite the better than expected numbers, profit is still down 50 from a year ago and fed ex also warned that air Cargo Capacity will take at least 18 months to return to precovid levels. Fed ex didnt provide any guidance for the business the rest of this year but we do have a bullish call from jpmorgan calling the stock a buy because of these blowout earnings and they expect fed ex to be able to raise prices because of the surging delivery demand. That also bodes well for ups. Definitely a lockdown winner and definitely bullish for the stock market today. Ashley packages galore. All right, thank you very much. Quick check on united airlines. Lauren, they are putting more flights back on their schedule. Thats an encouraging sign, right . Lauren yeah. They are adding 25,000 domestic and International Flights in the month of august. Just to give you an idea of how much that is, that is three times their schedule from last month. But still, when you do those year over year comparisons, because of course, the economy has been hit by the virus, its only 40 of the 2019 august schedule but nonetheless, united is taking advantage of increased demand in the skies so they are adding 25,000 flights for august. Ashley all right. Ill take it. Thank you very much. The usmca, remember that, the trade deal, it kicks in today as the president actually threatens more tariffs on aluminum. Edward lawrence joins us now with the latest on that. Edward . Reporter hey, ashley. Yeah, the usmca agreement coming into effect means there are new rules now for trading in north america, possibly creating up to 600,000 jobs over the next five years. The administration touting this because its the First Agreement where it protects intellectual property of u. S. Companies in mexico and in canada. Also, it adds a new chapter on digital trade which didnt exist back when the old nafta was involved. We are talking about ebooks, video, music as well as video games. Now, the administration also saying 99 basically of goods going back and forth across the border with mexico and canada will now be tarifffree if it meets that standard. In a statement, u. S. Trade representative Robert Lighthizer says this. Quote, the recovery from covid19 pandemic demonstrates that now more than ever the United States must stop the outsourcing of jobs and increase our manufacturing capacity and investment here at home. Now, he believes that usmca does just that. Democrats, though, are concerned that mexico wont live up to their part. Starting today, though, the u. S. Can use the enforcement mechanism in that agreement to answer those complaints and address those complaints. Thats one of the reasons that this was not delayed until later because of the covid19 as other things were. Ashley . Ashley senator, good morning to you. You say that the usmca is a win for america, right . I believe it is a win for america and specifically for american workers. I think its a very important time for it to come online today because of the jobs and the economy and specifically Economic Growth so its not just free trade, it is fairer trade and especially when you take a look at whats happening around the world with coronavirus and china, what we know about china, we can never be dependent again on china. Never again, for minerals, for material, for our medicines. Thats why all we can do to increase the amount of production in the north american continent, great for the United States, also i think very good for mexico and for canada. Ashley all right. Want to change subjects, senator. We want to show the audience this. We mentioned it earlier. The houston mayor is putting three houston bars on a wall of shame for violating shutdown orders. There they are. In arizona, a gym owner is suing the Arizona Governor over closures. He says hes going to open anyway. Listen to this tape very quickly. It wasnt just about fitness at that point. It was about all business and what our rights are and where those decisions are coming from from our leaders, if its mountainside today, it could be anybody tomorrow. Ashley yeah. Senator, we are seeing more confrontations like this. Which side do you stand on . I guess thats the question. I always want to encourage good behavior. We need to get to the basics and we know what they are. Im a doctor and as your doctor previously said, we need to do things in terms of personal hygiene, social distancing and wearing masks. I think thats really important. But in the big picture of things we need to get americans back to work, we need to get kids back to school, we need to make sure we continue to protect our most vulnerable, our elderly, and the good news you brought this morning, we need that vaccine. Thats going to be the ultimate game changer for getting coronavirus behind us and our economy roaring again. Ashley very quickly, you understand the frustration of Business Owners that are barely hanging on. Absolutely understand the frustration. Last night, the Senate Passed an extension of the paycheck Protection Plan so that Business Owners will continue to be able to borrow all the way through august eighth8th because we kno some businesses they havent been able to open early enough to help them with keeping people on the payroll. We think thats a positive step forward to help businesses all across the country. Ashley senator John Barrasso from wyoming, beautiful place,